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; j.l Class of bank Federal Reserve District All member banks Central reserve city banks: New York Chicago BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM DEPOSITS, RESERVES, AND BORROWINGS OF MEMBER BANKS, SECOND HALF OF SEPTEMBER 1959 October 20, 1959 (Averages of daily figure si/. In millions of dollars) Demand Reserves with F.R.B$nks Borrowings Cash Gross demand deposits at Federal balances due Net demand Time in Reserve from domestic deposits deposits 2/ u. s. vault Interbank Total Total Required Excess Other Banks banks Govt. 2,269 18,603 3/18,245 3/358 765 6,562 104,852 122,860 104,530 54,504 4,971 13,037 23,568 6,168 4,014 1,192 985 310 18,570 4,665 20,181 5,327 40,650 2,091 1,C04 2,544 5,044 2,506 2,686 4,628 2,019 1,002 2,707 2,963 11,456 4,8o4 1,452 75 107 3,831 1,031 3,873 1,031 -42 — 224 33 340 16 14 30 55 18 72 131 30 4l 725 2,125 7,803 7,845 6,490 2,015 40,231 21,917 lti 1 22 214 88 356 356 1,927 347 26 1 198 198 641 36 1,060 1,154 43 51 2 448 111 447 39 48l 3,026 2,425 119 536 8 120 966 187 264 974 2,679 542 5,805 4,999 6l 118 1 452 452 121 431 763 2,985 2,433 488 1 43 489 250 2,612 108 891 3,402 683 4 109 924 225 919 4,620 310 3,109 5,476 547 k l8 27 362 358 125 2,486 110 3 501 667 1,709 -2 11 42 27 266 866 177 1,277 72 339 4o 486 281 478 35 7 2,492 636 3,436 813 131 15 546 431 543 3 37 i4o 2,804 1,083 3,888 945 2,420 198 13 296 2,433 3 502 12,285 652 13,439 10,599 168 359 5,897 1,383 4,255 5,537 Country banks 26,330 1,661 41,386 44.387 1,341 38,372 124 441 425 13 15 213 Boston 128 182 1,405 3,227 3,707 3,397 210 13 52 1,030 978 6,286 New York 396 128 6,714 5,738 233 7,075 4l6 22 119 Philadelphia 264 439 7 24 2,842 2,496 3,020 2,651 154 132 310 455 5 495 39 26 160 2,982 3,210 2,550 Cleveland 3,395 14 112 24 314 343 2,406 367 2,864 2,620 1,564 129 115 Richmond 127 488 463 25 434 35 128 3,446 1,676 4,025 252 3,645 Atlanta 208 22 64 856 920 142 4,728. 675 6,504 265 6,098 5,630 Chicago 8 65 268 264 19 287 1,062 2,144 2,266 1,958 63 59 St. Louis 14 16 47 264 247 1,648 199 1,906 1,323 76 72 1,758 Minneapolis 16 65 30 368 120 988 392 2,619 337 96 2,855 Kansas City 3,070 19 98 445 407 39 210 88 1,025 3,920 3,623 3,232 593 Dallas 2 74 202 340 13 106 2,480 2,287 2,633 353 47 1,775 San Francisco 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 $93*083 million. For numbered footnotes see next page. Reserve city banks Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas CityDallas San Francisco 48,737 J.la DEPOSITS, RUS^VES, J3TP B0r&l?y71KGS OF (Averages of daily figures. Federal Reserve District — Cont:.nu.;d In millions of dollars) Time deposits Demand deposits except interbank 2nd half 1st half 2nd half 2nd half 1st half 2nd half Sept. 19591Sept. 19591 Sept. 1958 Sept. 19591Sept. 19591 Sept. 1958 Country banks in places with population of 15,000 and over l/ 28,562 Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco 28,241 3,153 5,26? 1,808 2,081 1,710 2,712 4,173 1,083 1,078 2,164 2,243 897 1,248 2,161 2,232 3,043 5,168 1,777 2,062 1,709 2,730 4,136 26,868 l6,46o 16,480 15,650 2,959 4,987 1,699 1,990 1,647 2,519 3,976 1,051 875 1,200 2,094 1,871 1,120 3,858 1,209 1,401 790 1,091 3,203 543 591 454 699 1,119 3,861 1,208 1,399 792 1,094 3,216 545 591 454 702 1,499 1,082 3,675 1,137 1,329 774 1,500 1,069 3,141 543 554 420 670 1,255 Country banks in places vith population of less than 15,000 Total 14,484 Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco 426 1,679 1,188 1,289 1,025 1,061 2,190 1,124 925 1,687 1,546 343 14,505 13,988 433 l,64l 1,195 1,288 1,029 4l6 1,576 1,138 1,249 986 981 2,152 1,095 1,076 2,185 1,122 927 1,710 1,552 347 906 1,651 1,524 315 9,870 9,880 9,319 285 295 1,880 1,285 1,148 779 585 1,525 519 730 532 324 288 1,811 1,235 1,091 727 529 1,445 494 688 473 1,880 1,287 1,149 774 585 1,525 520 731 533 326 274 278 280 260 l/ Includes any banks in outlying sections of reserve cities which have been given permission to carry the same reserves as country banks; also includes member banks in Hawaii. 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. j3/ Revised -ckly figures compared with those given in published weekly statements: Sept. 16 . Sept. 23 Sept. 30 . Oct. T&f, Oct. 142/ j>/ Preliminary Required reserves Excess reserves 18,170 18,297 18,174 18,174 18,026 483 522 220 462 475 Free reserves -576 -337 -501 -544 -573 J.lb DEPOSITS, RESERVES, AND BORROWINGS OF MEMBER B A M S -- Continued (Averages of daily figures; in millions of dollars. Comparability of figures is affected somewhat by changes in Federal Reserve membership, absorptions, etc., particularly in States or other areas designated by an asterisk.) Demand deposits except interbank Time deposits 2nd half 1st half 2nd half 2nd half 1st half I 2 n d half Sept. 19591Sept. 19591 Sept. 19581 Sept. 1959[Sept. 19591Sept. 1958 Country banks in places with a population of less than 15,000 Total 14,484.2 14,505~.2 13,987*6 9,880.4 97319.3 Total, all States 9,861.3 9/871.9 9,312.0 14,477.3 14,498.8 13,982.9 Mev England 294.8 T2^T 285.2 294.7 433.3 423.2 Maine 8171 78.0 7575" 78.4 81.7 72.7 Net; Hampshire 34.8 32.2 78.5 34.9 77-7 100.4 Vermont* 104.0 70.2 94.2 Massachusetts* 49.2 51.0 167.4 165.8 51.1 Rhode Island Connecticut* 23.2 34.9 49.7 23.3 38.7 38.9 Middle Atlantic 3,467.6 3,316.6 3,468.7 3,124.3 3,153.5 ,976.7 Hevz York 1.184.2 1,258.4 1,120.2 1,320.9 1,221.2 1,318.9 New Jersey* 819.3 777.0 821.7 793.6 757.0 789.5 Pennsylvania 1,281.2 1,146.5 1,327.4 1,099.5 1,142.8 1,328.1 E. North Central 2,429.0 3,204.7 2,551.0 3.283.3 2,552.6 3,2%.l Ohio 370 835-0 719.2 839.0 756.2 755-5 Indiana 498.4 302.2 291.9 501.4 503.8 301.5 664.2 Illinois 1,266.1 1,252.7 704.9 1,275.8 706.3 Michigan 480.3 384.6 386.6 365.6 480.7 459.1 Wisconsin 280.0 294.6 308.1 293-8 290.3 307.9 W. North Central 1,000.6 2,167.1 932.3 1,001.7 2,133.3 2,147.5 Minnesota 341.2 330.2 348.7 352.7 3WX" 349.3 146.8 156.6 350.6 351.2 362.3 156.3 Missouri 381.1 156.8 380.5 156.3 151.3 378.4 North Dakota 104.2 104.1 50.8 57.1 57.0 99.5 South Dakota 134.8 63.4 134.6 136.1 64.9 59.3 Nebraska 342.2 67.6 334.8 59.6 338.9 67.7 Kansas 501.6 482.5 134.3 487.3 150.5 151.0 South Atlantic i,ooo.4 1,068.3 1,603.7 1,063.4 1,587.4 1,518.9 l6.j Delaware* 1471 378 37O 3.8 3.7 Maryland 152.0 184.3 158.7 158.4 176.7 173.7 Virginia 416.8 418.6 418.5 413.9 390.3 385.9 West Virginia 202.1 120.1 107.6 199.2 119.7 North Carolina 60.4 144.5 146.0 134*6 59.4 59-2 South Carolina 109.6 31.0 108.5 33.3 99-9 33.5 Georgia 122.8 119.3 59.8 121.3 53.9 59.9 Florida 416.4 427.4 214.8 214.9 195.5 375-8 E. South Central 668.6 366.8 334.8 711.3 699.8 367.2 Kentucky 266.8 100.4 265.6 253.7 100.5 93-7 Tennessee 144.4 192.5 132.9 177-7 191.8 144.5 Alabama 182.4 92.4 82.3 171.9 92.5 173.9 Mississippi 69.6 29.6 65.3 25.9 68.5 29.7 W. South Central 542.2 471.0 058. 2,113.8 ,117.5 ,058.9 544.7 Arkansas 1587 66.4 148.9 ~W5~ 155.1 66.7 155.8 Louisiana 74.6 182.2 156.7 174.3 83.8 83.7 Oklahoma 124.8 107.1 371.6 381.0 389.7 125.1 Texas 1,398.4 1,381.7 267.3 230.7 269.1 1,394.8 Mountain 362.8 746.3 776.1 362.8 327.5 777-2 Montana 201.0 101.7 101.8 199.0 201.9 93.1 Idaho 16.2 28.7 28.1 17.4 27.5 17.1 Wyoming 110.6 112.2 110.9 50.4 43.7 50.5 Colorado 281.4 264.0 108.6 100.1 282.4 108.8 New Mexico 110.1 118.5 42.3 116.8 42.5 3 Arizona l:l 4.0 4.0 5.6 4-3 5-6 Utah 27.4 34.5 27.7 34.3 27.7 3 Nevada 2.6 3.8 2.5 3-1 3-9 Pacific 282.2 215.0 217.8 252.3 278.9 205.7 Washington * 61.8 6474 46.1 46.3 61.7 47.0 Oregpn* 22.4 22.6 21.0 42.3 39.6 39.0 California * 128.8 142.1 144.7 134.2 142.3 125.5 Alaska* 20.6 36.1 20.5 3-5 35.9 Virgin Islands 6.8 8.2 6.6 8.2 7.2 igj K i:I fci