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1

BOARD OF GOVERNORS OF T H E F E D E R A L R E S E R V E SYSTEM

j
March 8, 1951

j.l
DEPOSITS, RESERVES, AND BORROWINGS OF MEMBER BANKS, FIRST HALF OF FEBRUARY, 1951
(Averages of d a i l y f i g u r e s V .
Class of b a n k
and
Federal Reserve District

Grass demand deposits

In millions of d o l l a r s )

Net
demand
deposits
2/

Time
deposits
y

Total

Interbank

Other

97,666

11,247

86,419

85,954

29,567

21,689
5,675

5,795
1,068

17,895
4,605

19,904
5,158

Reserve c i t y banks

57,315

5.596

51,919

Boston
New Y o r k
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis
Kansas C i t y
Dallas
S a n Francisco

.2,069
887
2,459
4,547
2,21*8
2,256
1,678
2,261
1,095
5,101
2,956
8,819

265
29
572
475
548
491
474
659
270
801
655
565

1,806
858
2,067
4,074
1,900
1,745
4,204
1,601
825
2,500
2,285
8,256

52,988

988

52,000

28,568

All member banks

Demand
balances due
from domestic
banks

Reserves with F . R . Banks
Total | Required

5,475

18,872

18,261

1,915
1,105

35
112

, 4,912
1,500

4,892
1,504

32,505

11,701

1.719

7,529

7,205

1,896
788
2,151
4,066
1,960
1,898
4,012
1,961
925
2,591
2,455
7,805

185
268
215
1,482

559
169
565
597
5,597

29
52
96
164
108
129
267
92
52
254
272
244

595
175
444
911
451
420
948
419
196
558
537
1,895

590
174
445
902
418
405
924
415
195
540
515
1,884

14,848

5,608

5,552

4,862

Excess

Borrowings
at Federal
Reserve
Banks

611

379

20
5

112
10

126

204

3
1
1

5
21
2

9
12
15
24
7
1
18
22
11

47
8
16

470

54

Central reserve c i t y banks *
New Y o r k
Chicago

,

!
J

Country banks

457
421
2,050

Boston
2,664
1,042
2,759
170
2,458
95
New Y o r k
102
1,966
4,865
4,422
502
5,557
Philadelphia
2,#0
2,415
17
2,147
1,702
207
1
Cleveland
2,280
2,615
25
2,592
270
1,715
Richmond
2,221
2,110
111
1,859
274
895
Atlanta
200
2,502
2.556
2,755
684
565
j
Chicago
4,420
5,892
4,495
75
2,595
505
;
St. Louis
1,817
1,765
1,542
246
55
654
Minneapolis
1,280
1,419
1,487
67
751
174
.Kansas City
2,562
64
2,297
1,992
519
545
.Dallas
5,021
151
5,171
2,558
255
565
S a n Francisco
1,910
1,881
186
29
1,657
945
NOTBf Demand deposits adjusted (demand deposits other than interbank and United States Government, less cash
collection) of all member banks estimated at 77*650 million dollars.
^
For numbered footnotes see next page.
,


I


^

44
24
18
9
2
7

4Q4
23
427
5
61
881
50
819
6
405
457
54
422
50
472
5
1
514
44
557
1
56
563
599
2
780
701
79
1
278
24
254
21
1
225
244
2
298
552
33
416
4
5
373
20
1
289
509
items reported as in process of

G
J. la
DEPOSITS, RESERVES, A N D BORROWINGS O F foEfaBER BANKS (Cont'd.)
(Averages of daily figures.
Federal
Reserve
district

In m i l l i o n s of dollars)

Demand deposits except interbank
1st half
Feb, 1951

2nd half
Jan. 1951

Time deposits

1st half
1st half
Feb. 1950' F e b . 1951

2nd half 1st half
Jan. 1951 Feb. 1 9 5 3

Country b a n k s in places w i t h po pulation of 15,000 and over 1 / 2 /
Total
Bos L-on
Ne-vr York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis
Kansas City
Dallas
San Francisco

20,353

20,173

18,538

9,227

9,239

9,199

2;346
3,755
1,136
1>524
1,293
1,955
2/71-8
843
690
797
1,550
1,148

2,396
3,720
1,441
1,512
1,298
1,913
2,755
853
697
802
1,590
1,133

2,121
3,281
1,318
1,372
1,216
1,775
2,188
787
683
716
1,407
1,316

838
2,289
813
92 7
151
497
1,712
370

839
2,291
815
926
451
498
1,712
370
320
129
/
195
£/
6*3

852
2,273
806
921
455
499
1,692
368
331
129
179
694

320
129
190
692

Country banks in places with population of less than l 5 , 0 0 0 £ '
Total
Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis
K a n s a s City
Dallas
San Francisco

11,617

11,707

11,056

5,621

5,624

5,635

319
1,109
976
1,068
818
601
1,672
920
729
1,501
1,471
463

327
1,112
971
1,07b
817
599
1,679
925
733
1,517
1,182
169

299
1,018
898
1,002
770
557
1,569
898
721
1,193
1,399
133

203
1,049
888
787
442
188
882
265
411
190
63
253

203
1,053
891
784
442
187
884
265
4io
190
63
253

209
1,062
888
791
437
181
879
265
425
190
59
249

T/

Includes a n y banks in outlying sections of reserve cities which have been given
permission to carry the same reserves as country banks.
Classification b y population is based on t h e 1 9 5 0 census; comparative figures
for 1950, previously reported on t h e basis o f t h e 1 9 4 0 census, have b e e n
revised.
«.
Footnotes for preceding p a g e (J.l)s
'
"
2/
—

1/

Averages of daily closing figures for reserves and borrowings and of daily
opening figures for otEer 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/

Includes some interbank and U. S. Government time deposits; the amounts on
call report dates are shown in the M e m b e r Bank C a l l Report.




J.lb

DEPOSITS, RESERVES, AND BORROWINGS OF MEMBER BANKS (Cont'd.)
(Averages of daily figures; in thousands of dollars, comparability of
figures is affected somewhat by changes in Federal Reserve menbership,
absorptions# etc., particularly in States designated b y an asterisk.)
Demand deposits except interbank
1st half
2nd half
1st half
Feb. 1950
Feb. 1951 Jea, 1951

Total, all States
New England
Maine *
New Hampshire*
Vermont
Massachusetts
Rhode Island
Connecticut*
Middle Atlantic
New York
New Jersey
Pennsylvania
E. North Central
Ohio
Indiana
Illinois
Michigan
Wisconsin
W. North Central
Minnesota
Iowa
Missouri
North Dakota
South Dakota
Nebraska
Kansas
South Atlantic
Delaware
Maryland
Virginia
West Virginia
North Carolina
South Carolina
Georgia
Florida
E. South Central
Kentucky
Tennessee
Alabama
Mississippi
W. South Central
Arkansas
Louisiana
Oklahoma
Texas
Mountain
Montana
Idaho *
Wyoming
Colorado
New Mexico
Arizona
Utah
Nevada
Pacific

Il,6k6,9k6 1 1 , 7 0 7 , 0 #
336,860
L7,965
k9,7U6

k8,?9k

131,890

1,118

57,3k7
2,351,725
790,357
522,775
1,038,593
2,k20,201
616,12k
391,996
921,376

3k6,290
k8,k69

11,055,828 15,621,087

50,093
137,05k
1,059
58,53k
2,350,315

317,281
k7,k02
k5,307
k3,k8l
125,270
937
5k,88k
2,l59,k!2

790,998
523,862
l,035,k55
2,k33,706

715,661
k89,8k0
953,911
2,276,267

393,362
925,580

370,683

51,081

'57k, 279

292,k68

883,860
25k,655

203,k05
1,881,58k

201,913
1,89k,195

l,8k7,028

2kk,2kl
32k,787
308,160

2k3,370
32k,111
310,699

2k2,766
312,936
29k,291

126,276
330,k82
k6l,lll
1,129,2k3

126,82k
332,873
k68,310
1,125,35k
17,189
Ik7,k53
319,327
167,902

125,596
320,167
k62,50k
l,0k7,017
16,555
135,972
297,190
163,583

90,051
187,363
588,977
27k,512
lk2, 8k9
127,959
k3,657
1,913,117

77,059
8k,565
162,933
576,939
271,909
139,912
123,521
kl,597
l,838,k88

137,590
77,301
327,092
1,371,13k
690,936
183,161
k7,56l
93,k22
227,105
82,311
5,k99
kk,022
7,85 5
36k,169

130,516
73,k27
3k0,k59
1,29k,086
656,6k8
177,193
k5,275
88,kk5
218,292
76,335
k,k56
39,529
7,123
336,7k8

287,300

86,527

17,199

150,881
318,059

168,088

119,99k
7k,798
91,910
188,31k

585,375
270,9k5
Ik0,6l0
129,017
kk,803
1.899,633
136,039
76,603
325,27k
1,361,717
683,k30
179,978
k7,356
91,887

226,200
81,111
5,515

88,008

121,212
7k,857

Time deposit,s
1st half (2nd halt 1st half
Feb. 19511 Jan. 1951 Feb. 1950

192,790

88,768

109,160

213,k82
53,921
23,731

55,020

k7,281
l,k62
32,067
2,171,939
690,6k2
k83,96k
997,333

1,560,606
k88,589
170,988
38k,881
300,03k
216,11k
k99,609
20k,k6k
87,691
6k,770
30,k0k
26,967
k3,Ol8
k2,295
533,826

5,62k,090 5,63k,622
221,175
213,389
59,500
5k, 000
22,k95
23,681
5k,8kl
55,026
k8,628
k7,237
l,5k8
l,k80
3k,163
31,965
2,178,600 2,18k,9kk
693,k32
701,299
k86,951
k83,820
998,217
999,825
l,560,lk7 1,562,859
k90,kk2
k86,61U
I6k,85k
170,959
38k,698
385,17k

301,216
216,660

k99,097
20k,328
87,819
6k,665
30,169

26,861

k2,972
k2,283
533,322
11,572

11,595
103,135
21k,889
73,275
k3,128
I6,lk3
2k,03k
k7,627
lk8,252
kk,329
59,678
35,667
8,578
125,161

21k, 359
73,215
k3,390
16,058
2k,lk7
k7,355
lk7,289
kk, 075
59,00k
35,620
8,590
12k,985

21,583
23,kl3
31,290
k8,875

21,537
23,395
31,3k5
k8,708

103,226

162,661

162,128

k2,501
12,158
19,121
k2,6k5
10,913
1,079
28,691

kl,952
12,158
18,993
k2,83k
10,917
1,070
28,713
5,k91
205,133
39,261

298,286

22k, 103
508,757
212,712
89,883
62,k89
31,93k
#,293
k2,k60
U,986
522,923

11,816
103,207

207,926
7k,190
kk,083

16,ko:

23,718
kl,58l
Ik8,lk0
kk,113"
60,972
3k,656
8,399
119,911,
33,685
23,k"2
30,6:5
k5,139
165,929.
k2, 8 2 T

:
13,61:
19,kl3
k3,99s

10, ke:
1,02:

29,197
k3,580
5,3#
5,553
7,803
199,98.
205.551
358,895
39,28c
82,380
78,000
Washington
39,102
80,209
26,k6o
26,768
86,188
7k,208
27,033
Oregon
85,665
13k,230
139,10k
139,kl6
195,601
181*, 5k0
California
193,021
l/ For footnote see preceding page regarding classification by population.




}