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Class of bank and Federal Reserve District BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM DEPOSITS, RESERVES, AND BORROWINGS OF MEMBER BANKS, SECOND HALF OF FEBRUARY 1959 (Averages of daily figures!/. In millions of dollars) Demand Gross demand deposits Net demand Time balances due Reserves with F.R.Banks U. S. deposits 2/ deposits from domestic Total |Interbank Required Excess Govt. All member "banks 120,761 Central reserve city banks: New York 24,0146 Chicago 6,258 Reserve city banks Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco 47,551 2,356 1,153 3,031 5,739 2,856 3,446 5,456 2,474 1,196 3,489 3,838 12,515 42,906 12,649 4,065 1,155 6,122 319 40 441 496 381 701 506 659 289 789 863 64o 1,308 124 124 25 25 119 258 l4l 3,892 104,219 102,980 53,632 6,258 19,102 4,856 20,358 5,430 5,173 1,431 75 103 3,939 1,056 1,540 39,8 70 1,967 1,076 38 2,493 97 240 5,003 80 2,395 2,669 76 4,660 290 69 1,747 860 47 88 2,613 124 2,852 320 11,555 1,226 40,372 116 3,250 248 107 39,939 2,097 1,003 2,544 4,983 2,398 2,732 4,604 2,052 948 2,780 3,013 10,785 37,253 3,040 6,003 2,485 21,673 240 642 2,085 24 37 107 177 113 254 238 120 43 289 398 286 7,718 359 198 447 969 435 497 916 365 172 495 562 2,305 5,735 4l8 879 247 1 8 , 4 4 8 3/i8,Oii 3,923 1,049 437 16 7 March ?G, 1959 Borrowings at Federal Recerve Banks 467 6 23 7.674 45 2*j6 358^ 198 13 446 1 14 2,657 l4 16 955 748 2 433 13 867 494 30 3 3,025 911 56 5 488 363 1 15 / 268 170 2 2 607 489 6 49 1,125 10 553 9 10,473 2,303 2 19 Country banks 25,354 3,995 5,366 370 192 Boston 200 1,362 403 16 22 New York a 5,540 367 982 44 26 937 Philadelphia 2,819 2,389 232 413 393 20 15 Cleveland 3,203 472 434 38 Richmond 2,779 2/#6 2^573 1^524 358 22 8 336 Atlanta 86 3,649 3,992 3,405 484 1,625 449 28 456 28 Chicago 6,337 6,023 173 4,645 5,508 910 635 838 72 29 St. Louis 2,245 47 1,042 2,139 288 1,954 267 21 7 § Minneapolis 1,868 45 1,757 1,657 163 1,295 261 247 14 6 Kansas City 81 3,071 121 2,868 2,640 925 374 375 38 21 337 Dallas 4,012 207 3,746 1,002 600 3,322 464 48 4l6 4 San Francisco 2,324 2,220 2,044 65 39 168 1,545 311 302 1 9 NOTE: Demand deposits adjusted (demand deposits other than interbank and United States Government, less cash items reported as in process of collection) of all member banks amounted to $92,6 9 6 million. For numbered footnotes see next page. '11 m J. la DEPOSITS, RESERVES, AND BORROWINGS OF MEMBER BANKS — Continued (Averages of daily figures. In millions of dollars) Federal Reserve District Demand deposits except Interbank Time deposits 2nd half 1st half 2nd half 2nd half 1st half 2nd half Feb. 1959 IFeb. 1959 IFeb. 1958 Feb. 1959 IFeb. 1959 IFeb. 1958 Country banks in places with population of 15,000 and over l/ Total Boston New York Philadelphia Cleveland Richmond Atlanta °Chicago St. Louis Minneapolis Kansas City Dallas San Francisco 27,416 -47,74? 25,973 2,983 5,078 3,012 5,H2 1,721 1,950 1,710 2,717 4,088 1,087 r/9% 1,231 2,823 4,699 1,566 1,905 1,608 2.758 3,824 999 815 1,142 2,076 1.759 1,702 1,934 1,670 2,676 4,029 1,064 891 1,227 2,180 1,982 2,186 2,030 is,e 1,073 3,724 1,150 1,338 771 1,067 3,169 15.7^ 1U.2U9 1,071 3,710 1,147 1,336 770 993 3,245 1,038 1,267 702 1,020 2,885 501 511 375 575 1,138 l,c66 3,i6o TJll 5^ 429 688 1,288 1,286 Country banks in places with population of less than 15,COO Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco 14,181 E/l4,517 13,360 9,526 r/9,5ro 383 1,564 1,093 1,244 989 1,059 2,167 1,122 911 1,722 1,625 303 393 1,595 1,118 1,267 1,019 1,074 2,188 1*149 365 1,484 1,097 1,204 949 965 2,04l 1,061 840 1,549 1,518 287 289 1,816 1,239 1,122 753 558 1,476 505 710 490 310 259 289 1,812 1,235 1,119 750 556 1,474 ,503 U9hh 1,776 1,676 314 492 306 255 8,657 244 1,647 1,178 1,038 696 487 1,353 451 642 431 246 242 l/ Includes any banks In outlying sections of reserve cities which have been given premission to carry the same reserves as country banks. Footnotes for preceding page (J.l): l/ Averages of daily closing; figures for reserves and borrowings and of daily opening figures for other columns, inasmuch as reserves required are based on deposits at opening of business. 2/ Demand deposits subject to reserve requirements, i.e., gross demand deposits minus cash items reported as in process of collection and demand balances due from domestic banks. 3/ Revised weekly figures compared with those given in published weekly statements: Feb. Feb. Mar. Mar. 18 25 42/ IIP/ |>/ Preliminary I Required I Excess I Free I I reserves | reserves [ reserves | 18,120 44l -124 17,979 410 46 17,982 593 -136 17,911 510 -193 " lb DEPOSITS, AJSEXVtJ, ANL' BORROWIfcGS OF BANK? -- Continued (Averages of daily figures; in millions of dollars. Comparability of figures ia affected somewhat by changes in Federal Reserve membership, absorptions, etc., particularly in States or territories designated by an asterisk.) Time deposits Demand deposits except interbank 2nd half 2nd half j 1st half 2nd half 1st half 2nd half Feb. 1959 (Feb. 1959 .Feb. 1958 Feb, 1959 jFeb. 1959 Feb. 1958, Country banks in places with a population of less than 15,000 Total, incl.Alaska 8,656.6 & Virgin Islands l 4 , l 8 l . 5 D K 5 l 6 . 6 9,525.8 r/9,500.3 13,360.2 Total, all States 9,514.0179,489.1" i w r . o 14,171.3 £14,506.5 13,352X New England libO.TH 292.6 390.2 386.9 397.1 .2 Maine 63.9 ~tB7T "6179 71.1 ^572 New Hampshire 60.6 63.9 66.2 32.6 29.3 32.5 Vermont* 101.6 70.6 62.5 101.7 59.9 57.1 Massachusetts 154.1 47.8 44.5 146.3 157.3 47.5 Rhode Island* .6 1.7 Connecticut* 45.1 43.2 32.5 32.6 45.9 63.7 Middle Atlantic 2,917.5 3,342.£ -2.333.2 2,981.8 2^817.0 3,069.7 New York 1,144.1 ' 1,652TB" 1,130.1 1,257.4 728.4 New Jersey S18:? 688.5 701.1 747.0 785.2 1,066.2 Pennsylvania 1,294.8 1,090.7 1,085.7 1,290.6 1,238.5 3,160.4 E. North Central 2,477.1 3,021.3 2,291.0 3,195.9 2,475.4 Ohio 75575" 785.4 38578795.7 732.4 733.5 Indiana 5C8.6 484.1 503.7 282.5 297.4 296.9 Illinois 1,216.0 1,232.1 1,148.1 679.3 678.9 619.7 Michigan 370.7 428.8 467.5 360.3 370.3 467.3 Wisconsin 284.6 289.2 268.2 299.4 274.2 ,299.9 W. North Central 2,214.6 ;7 2 , 2 8 7 . 1 957.6 r/955.4 2,002.7 i 853.1 Minnesota r/34l.4 305". 9 r/3377TT "33872 309.3 376.6 "" 386.5 150.8 150.8 136.3 343.3 Missouri 399.2 413.2 149.2 148.4 371.0 127.9 North Dakota 103.0 108.5 92.4 54.6 47.4 54.5 South Dakota 145.0 139.4 119.1 63.7 63.5 Nebraska 366.1 62.2 62.3 355.5 319.9 54.*7 Kansas 508.4 526.4 124.0 450.1 138.9 138.5 South Atlantic 1,601.1 1,567.0 1,028.8 1,479.0 1,032.2 945.7 Delaware* 7.0 7.2 15-2 774 13.0 Maryland* 183.1 173.6 179.7 152.1 153.4 153.3 Virginia 411.0 426.9 380.6 402.2 364.0 403.5 West Virginia 198.3 195.1 112.2 105.4 197.9 112.9 North Carolina 129.1 133.3 130.5 61,8 61.7 57.2 South Carolina* 88.1 28.8 97.4 94.7 31.4 31.5 Georgia 118.3 107.1 115.3 47.6 57.1 57.1 Florida 436.6 435.1 386.0 204.6 203.5 177.6 E. South Central 746.6 727.1 669.7 358.0 314.9 360.1 Kentucky 297.9 307.9 88.5 103.0 103.4 277.3 Tennessee 180.2 183.9 128.1 167.8 i4o.i 139-9 Alabama 179.2 182.9 88.6 161.9 87.6 77.0 Mississippi 69.8 28.0 62.7 71.9 21.3 27.5 W. South Central 2,184.7 2,248.8 508.1 421.0 2,031.5 507.4 Arkansas ib0.3 133.7 " 63.0 357i 62.5 1%9.5 Louisiana 173.4 78.2 167.1 68.5 175.7 78.2 Oklahoma 384.7 111.0 342.2 114.1 395.3 96.5 Texas 1,^66.3 1,514.1 201.9 1,372.7 252.6 255.9 Mountain 76.9 344.8 803.9 302.9 715.9 344.5 Montana 20579" 221.6 87.2 873 19778 97.9 Idaho 27.9 29.2 26.2 15.4 16.9 17.2 Wyoming 114.5 117.9 40.7 105.5 47.8 47.7 Colorado 267.9 272.7 102.5 247.2 91.1 102.7 New Mexico 122.0 125.6 106.0 32.2 39.1 39.7 Arizona 5.1 5.0 4.0 4.0 3.9 3.9 Utah 27.6 23.9 26.0 29.8 33.0 33.0 Nevada 3.0 3.0 2.6 2.8 2.7 3.3 Pacific 236.2 244.2 198.1 225.3 187.3 193.' Washington 62.6 65.6 44.8 -5BTB49.0 5673 43.8 41.8 20.8 43.9 22.1 21.7 California* 129.6 134.7 127.2 121.7 123.1 127.2 Alaska & Virgin Is 10.1 10.3 7.6 10.5 11.5 11.5 tjt