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^ II 3L/ ,c t ~ y BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM J.L DEPOSITS, RESERVES, AND BORROWINGS OF MEMBER BANKS, FCR THE BIWEEKLY PERIOD 'ENDED MARCH 8, 1961 (Averages of d a i l y f i g u r e s * / . In m i l l i o n s of d o l l a r s ) March 24, 1961 Demand Reserves Gross demand deposits BorrowNet demand Time balances With Currency ings a t I n t e r - U. S. deposits 2 / deposits due frcm F. R. and coin Required Excess F. R. banks Govt. dcm.bks. Banks total Banks All member t a n k s 122,384 13.698 4.854 101.8V 102,651 60.995 16.^5 2.397 3/18.289 S H E .6,937 Cent. r e s . c i t y b k s . New York 24,331 4,357 911 19,062 20,049 5,689 107 3,448 178 34 Chicago 6,013 1,183 261 3> 4,570 5,191 1,780 99 917 31 946 2 Reserve c i t y banks 47,820 6,708 1,952 39,159 39,684 23,952 • 2,093 7,040 739 7.746 Boston ' _ 2 L 2,327 84 1,909 2,040 21 273 20 327 350 New York -3 1,058 49 963 918 663 26 159 Philadelphia 3,04l 483 128 2,430 2,526 763 409 48 £ 1 455 Cleveland 5,549 540 253 4,756 4,827 2,957 84l 106 944 2 Richmond 3,227 443 149 2,635 2,694 3 947 425 70 492 Atlanta 3,460 730 115 2,615 1,011 2,738 256 459 50 502 Chicago 4,744 588 312 3,843 3,962 2,679 192 699 91 788 S t . Louis 3 2,538 717 1,724 97 2,077 590 346 29 372 2 Minneapolis 1,270 338 56 876 1,012 10 182 2 Kansas City 3,447 854 119 2,474 2,732 745 S 488 7 Dallas 3,857 977 94 2,786 2,981 412 529 38 560 6 San Francisco 660 13,303 496 12,147 11,177 292 2,212 A ® 220 2,427 5 Country "banks 44,221 1,730 4l,04l 37,727 4.6% 29,57 5.040 1.450 6,006 484 Boetcn 3,586 170 3,< 3,277 a 208 339 New York 6,974 131 g 302 6,541 6,136 858 398 236 Philadelphia 2,863 28 143 2,691 2,758 269 125 337 26 Cleveland 3,163 26 157 2,980 2,745 2,764 316 379 137 468 48 Richmond 2,589 114 102 2,373 2,165 1,582 266 299 105 339 Atlanta 4,135 285 120 3,731 3,453 1,903 415 529 138 510 Chicago 7,003 291 6,C01 6,559 868 5,963 754 1,018 L 83 S t . Louis 2,232 65 2,088 79 1,906 1,158 284 253 287 32 Minneapolis 1,860 76 71 1,712 1,597 206 1,395 241 261 Kansas City 3,180 120 135 2,925 2,661 1,148 453 354 377 43 Dallas 3,979 82 3,644 3,172 1,316 422 706 446 71 San Francisco 2,657 92 2,519 2,281 1,954 217 80 306 371 14 NOTE: * — u — V u S U « u u uujju0j.i,b w u e r man lnxeroamc and United S t a t e s Government, l e s s cash items reported as i n process of c o l l e c t i o n ) of a l l member "banks amounted t o $91,035 m i l l i o n . For numbered footnotes see next page. Class of tank and F. R. D i s t r i c t 5 1 1 IS -i II 11 1 5 J.la DEPOSITS, .RESERVES, Aim BORROWINGS OF MEMBER BANKS - - Continued (Averages of d a l l y f i g u r e s . In m i l l i o n s of d o l l a r s ) Demand d e p o s i t s except interbank and U. S. Government Feb. 23I Feb. 2SMar.8,1961 1961 Feb. 23- Time d e p o s i t s Feb. 9-22, Feb. 25Mer.9,1960 1961 Ch 1 I 1 l P 1 Federal Reserve District Country banks in p l a c e s with population of 15,000 and ever 1 / 2 / Total 29,088 29,468 28,668 20,190 20,094 18,193 Boston New York Philadelphia Cleveland Richmond Atlanta Chicago S t . Louis Minneapolis Kansas City Dallas San Francisco 2,942 5,442 1,663 1,898 1,529 2,961 4,792 1,086 892 1,328 2, 259 2,298 2,952 5,583 1,689 1,911 1,553 3,001 4,861 1,110 897 1,312 2,279 2,319 2,806 5,347 1,657 1,942 1,649 3,006 4,612 1,060 859 1,269 2,233 2,227 1,214 4,678 1,371 1,569 822 1,438 4,536 628 658 564 966 1,746 1,210 4,654 1, 363 1, 561 818 1,429 4,514 623 655 561 976 1,731 1,116 4,296 1,200 1,462 808 1,287 4,012 575 617 488 782 1,551 1 Total v v u i i v i .y ual u n o J.11 11,953 Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco 335 1,099 1,029 1,082 845 770 1,767 1,002 820 1,597 1,365 221 et> wx uu pu| UUJLttV J.UU U1 12,098 11,987 9.383 9,325 8,799 34o 1,127 1,054 335 1,127 281 1,458 281 1,449 1,082 1,099 881 1,387 1,196 760 465 1,427 1,383 1,189 275 1,403 1,320 1,117 857 773 1,768 1,015 826 1,622 1,409 224 1,072 763 1,758 1,021 814 1,520 1,376 221 758 461 1,420 530 737 584 351 208 528 750 425 1,330 488 735 582 331 208 279 194 708 510 permission t o c a r r y the same r e s e r v e s as country banks; a l s o includes member banks In B a v a i l . 2 / C l a s s i f i c a t i o n by population i s based on the i 9 6 0 census; comparative f i g u r e s f o r i960, p r e v i o u s l y reported on the b a s i s of t h e 1950 census, have been r e v i s e d . Footnotes f o r preceding page ( J . l ) : • 1/ Averages of d a i l y c l o s i n g f i g u r e s f o r r e s e r v e s and borrowings and of d a i l y opening f i g u r e s f o r other columns, inasmuch as r e s e r v e s required are based on d e p o s i t s a t opening of b u s i n e s s . 2 / Demand d e p o s i t s subject t o reserve requirements, i . e . , gross demand d e p o s i t s minus cash items reported as i n process of c o l l e c t i o n and demand balances due frcm domestic banks. 3 / Revised weekly f i g u r e s compared with those given in published weekly statements: Required reserves Mar. 1 Mar. 8 . Mar. 152/ Mar. 222/ 2 / Preliminary. 18,335 18,244 18,194 18,413 Excess reserves 678 429 633 561 Free reserves 628 335 584 509 j.lb DEPOSITS, BESERVES, AND BORROWINGS OF MEMBER BANKS — Continued (Averages of d a i l y f i g u r e s ; in millions of d o l l a r s . C o m p a r a b i l i t y of f i g u r e s i s a f f e c t e d somewhat by changes in Federal Reserve membership, absorptions, e t c . , p a r t i c u l a r l y in States or other areas designated by an a s t e r i s k . ) ' J Vri-ho-nhfanlr Demand deposits except interbank Country banks in Time deposits and U. S. Government places with a popFeb. 23- IFeb. 9-22, Feb. 25; Feb. 25Feb. 23 Feb. 9-22, u l a t i o n of l e s s viar 1961 lMar.9,1960 Mar.9,1960 Mar.6,196l 1961 Mar.8,1961 than 15,000 & 'S.79&~r 9,325.5 9 7 $ 3 ..3 " 11,967.1 12,097.6 11,952.6 Total 9.313.1 8,789o_ 9,370.6 11,979^ 12,090.6 11,9^6.2 Total, a l l States 280.7 275.1 281.4 334.5 340.2 335.1 New England 75-5 71. ™W7f 71.5 50.6 50.1 Maine * 3 8 . 0 38.1 52.6 55.5 55-2 New Hampshire 1 9 7 . 6 97.9 4 9 . 2 5 2 . 6 52. Vermont 50.6 50.6 140.2 147.1 143.1 Massachusetts Bhode Island 23 23.1 23.3 35-0 34.4 34.6 Connecticut * 3,039 3,165.7 2,464.9 2,434.9 !, 380.4 Middle A t l a n t i c 9 2 1 . 0 8 8 7 744.7 725.2 New York 815.9 770, 822.0 657.7 678.8 661.8 New Jersey 1,428.8 1,381 i , 431.6 1,060.3 1,011.4 Pennsylvania 993-4 2.464.6 2,310 2,476.2 2,659.0 2,669.4 2,670.0 E. "forth Central 709 753.5 757.6 669.8 ""5^779 672.4 Ohio 302 329.1 330.3 459.4 468.9 468.9 Indiana 564 612.9 616.4 953.1 963.2 960.8 Illinois 450 480.2 483.3 332.8 329.0 335.7 Michigan 283 288.9 288.6 243.9 233.7 238.9 Wisconsin 939 994.5 999.2 1,923.0 1,949.9 1,975.3 W. North Central 329 340.0 293.7 305.1 305.4 Minnesota 142 145.6 145-9 318.0 317.5 314.7 Iowa 149 160.7 162.1 361.9 345.5 339.6 Missouri * 51.4 80.2 5!-5 78.6 79-8 North Dakota 12 68.7 6 9 . I 123.1 126.1 124.3 South Dakota 66 74.4 75-1 307.8 318.8 317.4 Nebraska 137 154.7 155.5 438.3 482.5 469-9 Kansas 948 979.6 1,273.8 1,257-6 1,243.3 South A t l a n t i c - ^ X R 3 T n r 3-8 Delaware Tf" 149 118.7 118.9 136.4 93.4 92.9 Maryland * 4 1 8 . 0 399 419.4 375.0 391.0 386.3 Virginia 122 134.8 135.4 183.0 180.8 181.5 West Virginia 47 54.5 54.8 101.0 9 9 . 1 9 6 . 8 North Carolina 37 39.1 39.2 100.7 102.5 101.0 South Carolina 55 6 2 . 9 64.8 92.2 88.6 89.5 Georgia 141.5 142.7 2 8 3 . 6 2 9 4 . 9 293.1 Florida 344.1 613.8 616.6 613.8 E. South Central " 9 liS 97.3 249.0 244.2 247.5 Kentucky i4i.o 141.2 1 6 3 . 1 1 6 1 . 1 163.9 Tennessee X 74 82.6 82.8 146.8 151.4 149.7 Alabama 20 22.7 22.8 54.9 56.6 56.0 Mississippi 479 556.3 558.2 1,888.8 1,936.6 1,907.4 W. South Central ~%9 79.3 79.2 156.1 159.6 157.3 Arkansas 50.9 51.0 103.5 104.6 106.7 Louisiana 5 1 5 1 . 6 151.5 384.5 396.8 393-7 Oklahoma 230 274.5 276.5 1,244.7 1,251.8 1,273.5 Texas 344 388.1 407.1 662.6 '"1.9 700.3 Mountain 1C6 116.8 117.1 192.3 190.1 192.6 Montana 17 17.8 17.7 27.5 27.8 28.9 Idaho 52 57.7 57-8 105.2 110.4 107.5 ttycming 92 112.0 112.9 216.8 240.6 242.4 Colorado 3 39-4 8 6 . 3 90.2 87.5 New Mexico 4.3 4.6 5.8 5-5 Arizona P 34 36.4 36.3 27.5 27.6 27.5 Utah 3-8 ,3.8 2.4 2.4 2.4 Nevada 146.2 145.2 159.0 159.7 157.4 Pacific 45.2 45.0 50.3 51-4 50.3 Washington 20 19.0 1 8 . 9 29.5 24.7 24.7 Oregon * 49 54.1 54.0 50.7 51.4 52.2 California 21 27.9 27.3 28.5 31.0 Alaska 3 u 9 12.6 12.6 7.8 6.8 b Virgin Islands | -i i -4