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16?

Glass of bank
and
F. R. d i s t r i c t

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
March 19, 19I48
DEPOSITS, RESERVES, AMD BORROWINGS OF I.lEiBZR BATIKS, SECOND HALF OF FEBRUARY, 19^8
(Averages of d a i l y figures, l / .
In m i l l i o n s of d o l l a r s )
Net
Demand
Borrowings
Gross demand d e p o s i t s
demand
balances due
Time
Reserves with F. R. Banks
at Federal
Interdeposits deposits
from domestic
Reserve
Total
bank
2/
Required
Excess
}/

A l l member banks
89,261 10,819
78, it 12
78,262
28,590
16,773
15.997
777
_216_
Central reserve c i t y banksx
New York
22,317
18,321
20,k75
3,993
1,519
k,308
k9
k,2?k
15
3k
Chicago
h,lok
1,069
it, 650
5,173
1,006
918
lkk
1
1,005
57
Reserve c i t y banks
_31.Q2S_ _Jufi2Z_ ,2,6.191
11,516
. 28,50k
_l,7Wi
118
. 6,587
6,392
195
Boston
~~
256
1,907
,651'
1,726
195
6
363
37
357
5
New York
27
5&i
536
118
300
2k
2
116
L90
1
Philadelphia
2,306
1,981
2,02k
325
80
2k3
11
k31
a
19
Cleveland
3,919
3,k65
3,127
170
153
1,409
807
770
37
Richmond
2,071
1,760
1,813
303
kOl
12
16
96
k39
389
Atlanta
2,0)1
1,708
1,592
139
133
381
16
k09
366
15
Chicago
3,971
3,536
2,158
k35
3,380
832
26
29k
18
805
S t . Louis
1,928
1,378
550
l,6k9
32k
6
6
90
355
3k9
Minneapolis
1,000
265
181
182
8k0
735
58
3
9
Kansas C i t y
2,7ko
1,985
2,257
755
2k9
L92
3&
Dallas
520
1,671
2,391
3
1,982
229
kko
kl8
357
San Francisco
8,201
7,210
7,692
28k
509
6
1,785
5,135
1,750
35
Country banks
28,742
95Q
l k , 628
27,792
2k, 633
3,297
k,326
k,873
k6
5k6
Boston
2,276
86
2,190
1,983
1,108
368
17k
2k
~3hh
New York
k,038
87
3,950
3,55k
782
289
699
82
3,363
Ik
Philadelphia
182
1,991
15
1,976
1,750
6kk
380
36
3kk
7
Cleveland
2,35k
25
2,329
2,028
2
265
388
kk5
739
Richmond
2,085
120
1,965
l,7k0
872
269
296
k
Atlanta
2,120
170
2,250
2,032
708
325
327
37
Chicago
3,761
65
3,698
3,233
2
2,378
k63
679
8k
S t . Louis
1,757
ill
1,646
1,0199
215
625
27
275
I?
5
Minneapolis
1,H5
63
1,352
1,22k
1
217
28
2k5
753
Kansas C it y
2,221
62
2,1%
1,880
1
282
325
309
k3
Dallas
2,673
123
2,551
2,170
210
k58
378
317
San Francisco
1,750
23
1,726
1,532
920
270
29k
25
175
NOTE# Demand d e p o s i t s adjusted (demand d e p o s i t s other than interbank and United S t a t e s Government, l e s s cash items reported as i n process
' .3
of c o l l e c t i o n ) of a l l member banks estimated at 71,250 m i l l i o n s .
* For "trdmbered f o o t n o t e s see next page.




%

U

DEPOSITS, RESERVES, AND BORhOTilNGS OF ^l:3ER BANKS - (Cont'd)
(Averages of d a i l y f i g u r e s . In thousands of d o l l a r s )

Federal
Reserve
district

Demand d e p o s i t s except interbank
2nd h a l f
1st h a l f
2nd h a l f
Feb. 1948
Feb.1948
Feb.1947

2nd - half
Feb.1948

Time deposits
2nd h a l f
1st h a l f
Feb. 1948 Feb.1947

Country banks i n places with population of 13,000 and over l /
Total
Boston
Mew York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
S t . Louis
Minneapolis
Kansas C i t y
Dallas
San Francisco

15,71*8,767 15,822,873 r ! 5 , 3 0 2 , 9 1 8 8,540,452 8,529,713

r8.» 331,511

1,829,oho
871,905
875,195
2 , 7 9 6 , 5 0 5 2,205,151 2 ,199,991
716.105 744,482
1,091,035
913,666 912,981
1,316,818
397,310
1,071,716
396,596
190,632
ii90,281
1,561,053
1,891,401 l , H l , 7 5 6 1 U13>26U
621,298
337,837
337,190
298,823
259,620
518,888
101,723
r506,106
104,943
143,815
113,167
895,303
612.106
612,293
1,167,755

877,487
2,144,938
73l,4oo
908,564
393,036
487,236
1,335,873
323,208
290,026
rl02,463
129,895
607,385

1,857,628
2,941,818
1,087,197
1,297,660
1,091,687
1,565,717
1,97a,007
639,936
571,530
517,85k
1,002,933
1,164,470

1,869,571
2,958,503

1,085,630

1,299,716
1,081,283
1,567,062
1,989,707
638,861
586,753
519,613
1,002,173
1,191,001

Country banks in places with population of l e s s than 15,000
Total
Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis

Kansas C i t y
Dallas
San Francisco

12.043,630

12,215,910 r l l . 8 7 7 , 2 5 9 1 6,037,505 6.087,887

r5.904.9l9

331,975
1,008,459

232,618
330,204
232,437
1,005,901 1,157,589 1,160,040
897,808
896,625
895,422
825,831
824,782
1,051,546
474,424 473,399
830,506
217,645 217,164
690,317
963,006 963,542
1,680,871
206,989
286,161
1,002,551
453,862
752,350
456,049
204,581
204,427
rl,585,095
65,732
1,423,728
65,555
307,420
307,706
578,748

229,957
1,136,488
873,476
810,875
464,182
211,685
918,803
269,737
430,820
rl96,568
58,393
303,935

888,588 '

1,031,445
870,228
684,377
1,724,354
1,005,952
777,449

1,611,056
1,547,755
561,992

333,574
1,026,789
896,762
1,037,162
884,567
689,283
1,744,260
1,018,929
790,672
1,634,030
1,583,499
576,383

r Revised.
l / Includes any banks in outlying s e c t i o n s of reserve c i t i e s which have been
£iven permission t o carry the same reserves as country banks. A l l reserve
c i t i e s have a population of more than 15,000,

Footnotes f o r preceding page ( J . l ) :
l/
2/
3/

Averages of d a i l y c l o s i n g f i g u r e s f o r reserves and borrowings and of d a i l y opening f i g u r e s f o r other columns, inasmuch as reserves required are based on
d e p o s i t s a t opening of b u s i n e s s .
Demand d e p o s i t s subject t o reserve requirements, i . e . , gross demand deposits
minus cash items reported as i n process of c o l l e c t i o n and demand balances due
from domestic banks.
Includes some interbank and U. S. Government time d e p o s i t s ; the amounts on c a l l
report dates are shown in the Member Bank Call Report.




.

lb
J

DEPOSITS, foloSKVBS, AND BORKG/II-TGS OF Lfo-BLR HArKS - (Cont'd)
(Averages of d a i l y f i g u r e s ; in thousands of d o l l a r s . Comparability of
f i g u r e s i s a f f e c t e d s cmewhat by changes in Federal he serve membership,
absorptions, e t c . , p a r t i c u l a r l y i n States designated by an a s t e r i s k . )
| Demand d e p o s i t s except interbank
1 2nd half
1st h a l f
2nd h a l f
Feb.I9k8
Feb.I9k8
Feb. I9k7

Time deposits
2nd h a l f
1 s t h a l f 2nd half
Feb.I9k8
Feb.I9k8 Feb.l9k7

J Country banks in places with population of l e s s than 15,000
T o t a l , a l l States
Hew England
Maine
New Hampshire
Vermont*
Massachusetts
Rhode Island
Connecticut
iiiddle A t l a n t i c
T. ev; York
New Jersey
Pennsylvania
E. Uorth Central
Ohio
Indiana
Illinois
l.iichigan
'.is cons i n
Vii. North Central
Minnesota
Iowa
Missouri
North Dakota
South Dakota
Nebraska
Kansas
South A t l a n t i c
Delaware
Maryland
Virginia
Vnest V i r g i n i a
North Carolina
South Carolina
, Georgia
Florida
E. South Central
Kentucky
Tennessee
Alabama
Mississippi
VJ. South Central
Arkansas
Louisiana
Oklahoma
Texas
Mountain
Montana
Idaho
\yoming
Colorado
New BLexico
Arizona
Utah
Nevada*
Pacific
Washington
Oregon*
California
r Revised,

j 12,0^5,630
3).q.226
52,9#
73,750
13,183
119,966
997
58,161
2.167.133
697,186
197,162
,'72,785
2,k25,6k0
575,877
120,991
931,583
298,668
195,521
1,998,883
255,900
3^2,936
313,580
93,588
165,588
3k3,26o
181,031
1,203,880
17,160
11*6,887
320,516
106,675
138,665
90,667
97,625
205,1*85
682,213
303,039
180,091
Ik6,kl6
52,667
2,059,632
163,636
83,896
1*00,528
1,1*11,572
7^,06?
167,332
79,963
87,311
235,603
lolt, 135
097
1*7,252
8,0h0
,1*22,^0.
91,929

88,726

2^1,986




12,215.910
351.291
55,012
70,067
kk,026
121,905
92U
59,360
2,195,807
707,925
507,kk7
980,135
2,1M.192
577,861
121,981
91*2,950
303,5U8
198,852
2.026.85k
259,065
31*7,003
319,290
96,60k
168,170
31*9,599
1*87,123
1.219.150
17,391
150,877
325.650
186.651
11*1,906
92,728
99,960
203,987
689.287
305,557
181,153
11*9,123
53,1*51*
2.101.296
166,017
85,596
1*01,761
l,Wi,922
751.818
170,597
82,71*5
89,112
2^2,222
105,716
>157
1*8,831*
8,It 65

132,182

95,258
89,1*53
217,1*71

r l l . 8 7 7 . 2 3 9 (6,087,505 6 , 0 8 7 , 8 8 7 r 5 , 9 0 k , 9 l 9

%

21*3. 8ko
2^3.636
flfrgei
Jkl
66,903
5k,k89
',759
66,991
28,721*
70,511
28,557
29,732
kk,i5i
56,567
51*, 68k
56,532
119,61*3
51*,1*81
51*, 507
51,996
1,511
1,551
763
1,595
31*,2U2
35,381*
57,331*
35,509
2,192,509 2,310,567 2,310,91*5 2,268,113
761,173
692,590
760,677
71*5,957
526,501
501,018
520,025
529,592
998,901 1,022,893 1,020,676 1,002,131
2 , ^ 8 8 , 6 % 1,675,902 1.676.16b 1,597.170
507,120
1*90,270
507,037
579,031*
177,166
177,359
1*19,311*
166,933
390,775
890,560
389, 717
351,722
368,605
369,1,26
365,581
302,999
232,013
232,818
222,66k
196,752
537,022
1.9k9.6-j7
538.810
507.1*1*2
218,285
220,131
253,031*
207,633
95,123
33l*,250
90,731
95,398
69,252
66,21*8
312,525
69,279
29,833
29,192
26,273
89,168
35,91*0
150,116
35,926
33,371*
1*3,901
1*1,203
1*1*, 025
330,133
Lit., 688
1*80,171
1*1,980
1*1*,859
588,090
587.035
576. Ik7
1.223.913
11,823
11,961*
17,391*
11,797
125,10!*
123,520
125,0148
11*7,969
200,181*
333,682
206,023
205,576
170,015
82,305
80,323
82,678
51,211
11*7,0U5
52,1*39
51,500
18,555
17,093
95,137
18,55U
100,521
30,118
29,U*8
30,066
62,k2k
212,150
61,1*76
62,31*3
156,969
679.899
156.1*69
156.17k
301,786
1*5,933
1*5,837
k8,k78
63,276
63,01*8
183,71*5
63,03k
36,619
11*5,878
36,1*91
3k, 86k
ii,il*i
11,093
k8,k90
9,798
11*2,885
133.071
1,925,129
28,571
29,1*80
165,532
29,k92
27,301
28,273
80,530
28,338
32,015
33,106
392,31*9
33,1*65
1,296,718
51,602
k5,18k
51 ,k65
181*. 322
18k.291 r182.990
r728.137
163,218
kl,26o
39,805
1*1,231*
79,027
17,2k9
17,k36
17,31*3
21,217
83,21*1*
20,k67
21,226
r236,U56
k9,813
rk9,696
1*9,790
98,81*6
12,150
12,k96
12,560
1,192
1,182
929
i f : ®
35,278
33,757
35,333
17,1*07
8,937
5,599
5,65k
1*32,375
2k3,063
2L7.900 , 2k8,201
89,166
k2,960
k2,096
1*2,759
28,2ok
91,213
28,798
28,735
251,996
176,kk3
172,763
176, klk