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BOARD OF GOVERNORS OP THE FEDERAL RESERVE SYSTEM October DEPOSITS, RESERVES, AND BORROWINGS OF MEMBER BANKS, FOR THE BIWEEKLY PERIOD ENDED SEPTEMBER 21, i960 (Averages of d a i l y f i g u r e s , ! / . j n m i l l i o n s of d o l l a r s ) Reserves Demand iBorrowClass of "bank GrOSS Q.6ID3&Q. uBpOSlvS Time balances With AllowNet demand ings a t and Required Excess Interd e p o s i t s 2 / d e p o s i t s due from F . R. a b l e in u . S. F. R. F . R. D i s t r i c t Total Oth cash dcm.bks. Banks bank Govt. Banks A l l member "banks 56.905 17,702 906 3/669 123,091 102.524 189 14,172 105.167 3/17,939 7,235 3,753 Cent.res.city bks.: 10 11 21 4,831 88 3,748 New York 24, 123 3,747 19,148 20,033 4,277 698 2 1,011 4 Chicago 1,013 6,243 222 1, 521 4,724 113 1,297 5,341 9 Reserve c i t y banks Boston New York Philadelphia Cleveland Richmond Atlanta Chicago S t . Louis Minneapolis Kansas C i t y Dallas San F r a n c i s c o 48,119 2,253 1,037 3,047 5,706 3,166 3,434 4,780 2, 503 1,332 3,424 3,852 13,555 7,157 355 47 542 586 510 747 64o 707 391 888 1,003 744 1,475 65 4o 92 221 88 84 206 71 38 91 84 396 Country banks Boston New York Philadelphia Cleveland Richmond Atlanta Chicago S t . Louis Minneapolis Kansas C i t y Dallas San F r a n c i s c o 44,606 3,639 7,157 2,954 3,300 2,718 3,997 7,159 2,226 1,884 3,092 3,787 2,693 1,44i l4o 132 29 28 124 266 170 62 85 131 221 52 1,358 137 230 ill 122 79 98 228 56 56 97 67 76 c o l l e c t i o n ) of a l l member b&nks amounted For numbered f o o t n o t e s ^ee n e x t p a g e . 39,487 1,863 951 2,413 4,899 2,568 2,603 3,935 1,725 904 2,445 2,765 12,415 39,397 1,991 894 2,511 4,910 2,607 2,677 3,948 2,018 1, o 4 l 2,680 2,943 11,178 21,989 213 64o 656 2,84l 844 933 2,564 532 266 670 1,170 10,659 2,143 26 31 109 201 152 260 191 133 37 272 438 291 7, 316 337 162 433 901 430 475 731 352 186 475 541 2,293 344 2 20 15 58 44 20 52 11 1 9 9 102 7,600 399 179 447 952 472 488 780 360 185 476 544 2,377 60 2 1 6 2 7 4 3 1 9 7 18 82 2 3 9 3 15 25 1 4 12 6 3 10, i 9 6 0 fS 1 Won A"ir vurreiivy and c o i n 2. 350 138 29 735 10 29 40 107 70 46 91 29 10 33 37 224 1,448 28,564 4,891 5,625 5,581 594 550 77 41,807 37,753 124 6 4l6 48 405 224 / 36 1,455 3,H9 3,362 238 86 442 69 17 6,l4o 980 6,276 997 6,795 4l 4li 2 123 61 2,814 2,673 2,517 391 315 446 66 134 64 2 448 2,679 2,837 3,149 350 110 6 52 56 2,228 319 323 2,514 1,555 359 11 131 456 1,810 458 51 511 53 3,327 3,633 101 11 85 6,067 834 5,720 6,762 969 953 66 262 1 22 34 1,110 1,874 273 2,107 303 47 241 2 25 254 13 1,348 l , 581 1,743 239 67 338 37 2,864 436 13 2, 587 5 1,073 363 14 28 98 58 423 1,147 638 393 3,051 3,499 80 22 24 342 .3^5 2,290 1,855 2,566 239 -o t h e r t h a n i n t e r b a n k and United S t a t e s Government, l e s s cash items r e p o r t e d a s i n p r o c e s s of $91,835 m i l l i o n . % DEPOSITS, BE SERVES, AND BORROWINGS OF MEMBER BANKS — Continued (Averages of d a i l y f i g u r e s . Federal Reserve District I n 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 i n t e r b a n k Time d e p o s i t s and U. S. Government S e p t . 8 - 2 1 , Aug. 25- S e p t . 1 - 1 5 , S e p t . 8 - 2 1 , Aug. 25-"~Tsept.l-15, I960 I Sept.7j196o1 1999 Sept .7,1960 1959 I960 Country "banks i n p l a c e s w i t h p o p u l a t i o n of 15,000 and over 1f Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago S t . Louis Minneapolis Kansas C i t y Dallas San F r a n c i s c o 27,983 26,938 28,241 18,232 18,l64 2,961 5,209 1,690 1,918 1, 560 2,585 4,674 1,039 870 1,206 2,025 2, 245 2.851 4,954 1,619 1.852 1,462 2, 520 4, 528 1,007 831 1,181 1,984 2,151 3,043 5,168 1,777 2, C62 1,709 2,730 4,136 1,078 897 1,248 2,161 2, 232 1,173 4,172 l , 320 1,456 782 1,187 4,120 563 605 495 780 1,579 1,166 4,159 1,312 1,454 781 1,181 4,107 560 604 492 777 1,571 16,1+80 1,119 3,861 1,208 1,399 792 1,094 3,216 545 591 454 702 1,499 Country banks i n p l a c e s w i t h p o p u l a t i o n of l e s s t h a n 15,000 Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago S t . Louis Minneapolis Kansas City Dallas San F r a n c i s c o # 13,825 13,469 14, 505 401 1,586 1,124 1,231 955 1,047 2,088 1,068 872 386 1,519 1,090 1,199 909 1,040 2,036 1,047 848 1,634 1,455 306 433 1,641 1,195 1,283 1,029 1,658 1,474 321 1,076 2,185 1,122 927 1,710 1,552 3^7 10,333 282 1,968 1,353 1,223 773 623 1,600 546 743 578 367 277 10,313 284 1,960 1,348 1, 221 774 621 1,596 5^7 7^3 576 366 278 9,880 295 1,880 1,285 1,148 779 585 1,525 519 730 532 324 278 U. S. Government d e p o s i t s i n c l u d e d , p r i o r t o December 1, 1959• l / I n c l u d e s any banks in o u t l y i n g s e c t i o n s of r e s e r v e c i t i e s which have been given p e r m i s s i o n t o c a r r y t h e same r e s e r v e s as c o u n t r y banks; a l s o i n c l u d e s member banks i n Hawaii. F o o t n o t e s f o r p r e c e d i n g page ( J . l ) : l / 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 with F . R. Banks and borrowings and of d a i l y opening f i g u r e s f o r o t h e r columns, inasmuch a s r e s e r v e s r e q u i r e d a r e 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 s u b j e c t t o r e s e r v e r e q u i r e m e n t s , i . e . , g r o s s demand d e p o s i t s minus cash items r e p o r t e d a s i n p r o c e s s of c o l l e c t i o n and demand b a l a n c e s due from domestic b a n k s . 3 / Revised weekly f i g u r e s compared with t h o s e given i n p u b l i s h e d weekly s t a t e m e n t s : S e p t . 14 S e p t . 21 . S e p t . 282/ Oct. 52/ / PFRASER reliminary. Digitized pfor Required reserves Excess reserves Free reserves 17,762 18,116 18,089 18,110 819 519 520 597 520 44o 295 397 J.lb DEPOSITS, RESERVES, AND BORROWINGS Otf MEMBER BANKS — Continued (Averages of d a i l y f i g u r e s ; i n m i l l i o n s 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 somewhat by changes i n F e d e r a l Reserve membership, a b s o r p t i o n s , 1•^1 1 b Is] i Demand d e p o s i t s except interbank ^ Country banks i n rn4 YYit ueposix-B A owrtD 4 4- e lime p l a c e s with a and U. S. Government Sept.8-21, p o p u l a t i o n of S e p t . 1 - 1 5 , S e p t . 8 - 2 1 , Aug. 25- Sept .1-15; l e s s than 15,00C I960 Sept .7,1960 1959 # I960 1959 Total 13*824.6 9,880.4 14,505.2 137469.0 10,332.6 10,313.1 Total, a l l States lV&T.TT" 14,498.8 13,518.0 9,871.9 10,303.5 Ifcv England 294.0 400.9 386.2 281.7 283-9 433.3 Maine * 81.8 66.8 67.0 76.8 74.0 78.5 New Hampshire 34.8 72.8 76.7 78.5 35.4 35.5 Vermont * 104.0 54.0 56.7 70.2 96.2 96.3 Massachusetts 164.4 167.4 51.0 156.9 52.8 53-1 Rhode I s l a n d Connecticut * 22.8 36.3 22.7 23.2 38.7 35-5 Middle A t l a n t i c 2,982.3 3,644.6 3,467.6 2,873.5 3,124.3 3,631.3 New York * 1,136.1 1,185.2 1,089-7 1,368.2 1,320.9 1, 368.3 New J e r s e y 882.7 777.1 749.0 872.9 819.3 793.6 Pennsylvania 1,067.1 1,034.8 1,146.5 l , 327.4 1,390.1 1,393.7 E. North C e n t r a l 3,152.6 2,682.9 3,072.2 2,676.8 2,551.0 3,283.3 Ohio 806.6 802.1 801.2 785-5 835-0 755.5 Indiana 480.5 472.2 302.2 503.8 319.9 319.4 Illinois 1,210.5 1,181,7 1,266.1 704.9 753.6 751.9 Michigan 368.8 480.3 381.9 384.6 498.1 500.7 Wisconsin 264.0 273-1 306.6 308.1 306.2 293.8 W. North C e n t r a l 2,046.2 2,011.0 1,029.8 1,000.6 2,167.1 1,030.8 Minnesota 328.0 348.7 336.5 350.2 352.7 350.7 Iowa 328.1 320.2 156.6 156.6 351.2 156.7 Missouri * 350.7 161.7 156.8 345.9 380.5 163.3 North Dakota 104.1 90.2 93-0 58.0 58.0 57-0 South Dakota 125.O 121.8 134.8 65.4 63.4 65.2 Nebraska 323.6 342.2 316.3 67.6 73-6 73-5 Kansas 488.6 489.3 164.2 501.6 150.5 163.5 South A t l a n t i c 1,507.5 1,462.7 1,603.7 1, 081.0 l , 079.I 1,068.3 Delaware 4.0 4.1 3.8 4.1 3.8 3.8 Maryland * 130.1 133-6 126.8 158.4 176.7 126.7 Virginia 410.6 416.8 391.4 4l8.6 425-2 427.2 West V i r g i n i a 192.2 202.1 187.3 120.1 130.2 129.8 North C a r o l i n a 134.8 124.3 66.1 144.5 67.1 59.4 South C a r o l i n a 98.8 91.8 109.6 32.4 32.8 33-3 Georgia 117.3 122.8 123.9 67.5 59.8 67-3 Florida 4l6.4 409-9 427.4 225.8 227.0 214.9 E. South C e n t r a l 681.2 668.3 366.8 711.3 390.1 387.2 Kentucky 247.4 252.9 266.8 108.2 100.4 107.9 Tennessee 189.4 144.4 185.7 192.5 153.6 153.2 Alabama 166.1 169.7 182.4 92.4 95-1 97-3 Mississippi 69.2 69.1 69.6 31.0 29.6 31.0 W. South C e n t r a l 2,041.9 2,014.8 608.0 2,117.5 609.1 542.2 Arkansas 66.4 157.5 153.1 155.1 76.7 76.8 Louisiana 173.9 172.3 174.3 89.9 89.8 83.7 Oklahoma 382.9 124.8 138.2 379.6 389.7 137.7 Texas 1,327.6 1,309.8 1,398.4 304.3 267.3 303.7 Mountain 746.7 728.4 388.8 362.8 776.1 387.9 Montana 187-1 201.0 110.8 182.7 110.6 101.7 Idaho 26.7 26.0 17.4 17-8 28.7 17.7 Wyoming 50.4 105.6 110.6 107.5 54.0 54.1 Colorado 108.6 281.4 268.3 278.3 113.4 113.1 New Mexico 111.8 111.8 118.5 42.3 49.2 49.3 Arizona 4.0 4.2 4.2 5.6 5-9 5.9 Utah 26.0 26.9 34.5 27.7 35.4 35.3 Nevada 2.1 2.6 2-5 3.8 3.8 3.9 Pacific 246.3 282.2 216.6 217.8 258.7 215.6 Washington 46.1 48.1 61.8 48.1 56.9 59-7 Oregon * 22.4 24.0 33.6 32.3 39-6 23.7 California * 128.8 131.5 144.7 119.8 119.4 123.7 Alaska 24.0 20.5 36.1 25.1 33-9 33.4 Virgin Islands 6.1 8.2 6.1 6.8 10.9 9-7 S. Government d e p o s i t s i n c l u d e d , p r i o r t o Deceuiber 1, 1959. Digitized# forU.FRASER