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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
DEPOSITS, RESERVES, AND BORROWINGS OF MEMBER BANKS, FIRST HlLF OF SEPTEMBER 1948
( A v e r a g e s of d a i l y f i b r e s 1 / . i n m i l l i o n s of d o l l a r s )

J. I

C l e s s of b a n k
and
* . R. d i s t r i c t
/VI1 member b a n k s
C e n t r a l r e s e r v e c i t y bank#;
Hew York
Chicago
Reserve c i t y banks
Boston
New York
Philade1phia
Cleveland
Richmond
Atlanta
Chicago
S t . Louis
Minneapolis
Kansas C i t y
Dallas
San F r a n c i s c o
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
NOTE:
*

Gross demand d e p o s i t s
InterTotal
bank
Other

Net
demand
Time
deposits deposits
2/
3/

89,57b

31,036

78,538

78,791

28,769

21,32)
5,151

3,988

19,889

33,343
1,853
585
2,164
4,049
2,103

5,086

3,955
1,937
1,089

46o

17,334
4,053
23,257
1,593
559
1,814
3,552
1,762
1,613
3,495

1,653
947
11,298
191
295
242
1,448
429
403

2,022

2,802
2,1*73

1,098
260
26

349
496
341
409
533

i,4o4

778
541
571

767
2,024
1,932
7,742

322

4,681
28,877

1,698
519

1,926
3,579

1,821

1,717
3,403
1,647
896
2,313

2,052

Demand
b a l a n c e s due
from domestic

Total

Required

Excess

5,441

17,949

16,946

1,003

43

4,936

4,873

64

6,730
367
125
407
843
414
392
832
363
198
503
479
1,807

6,453
351
121

277

803
390

41
24
25
32
13

129
1,718
29
23
71

170
104
124

1,982

268

334

95
70
241
247
277

381
8,312
7,307
5,059
863
3?,758,
28,895
14.871
_2& 543
3,552
2,3M
80
2,261
2,042
1,096
178
4,167
86
4,081
3,656
3,389
319
2,202
16
2,186
1,919
1,719
218
2,1*51
21
2,430
2,105
1,723
286
2,159
126
2,033
1,773 •
869
298
2,345
155
2,191
1,982
694
299
4,047
70
3,977
3,452
2,553
512
1,689
46
1,643
1,446
615
214
1,475
65
1,410
1,236
746
2o4
2,281
60
2,223
1,910
309
352
2,#6
110
2,586
2,196 :
212
455
1,902
29
1,873 1
1,626 i
946 '
218
Demand d e p o s i t s a d j u s t e d (demand d e p o s i t s o t h e r t h a n i n t e r b a n k and U n i t e d S t a t e s Government
of c o l l e c t i o n ) o f a l l member b a n k s e s t i m a t e d a t 7 1 , 3 0 0 m i l l i o n d o l l a r s .
* o r numbered f o o t n o t e s e e e n e x t n a g e .




R e s e r v e s w i t h F. R.Banks

1,182

1,180

4oo

368

799
349
190
484
433
1,765

2

16
4
8

8

Borrwoings
at Federal
Reserve:;
Banks

10
4
22
2
1

3
5

1
4
2

19

45

2
42
5.101
4.44o
661
21
352
395
43
817
102
715
428
372
56
470
398
72
300
353
53
358
319
39
102
636
739
272
239
33
218
253
35
328
286
42
320
374
54
314
284
29
l e s s cash items r e p o r t e d as i n process

J. la
DEPOSITS, RESERVES, AMD BOhROVINGS OF ItEuBER BANKS - ( C o n t ' d )
( A v e r a g e s 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 )

Federal
Reserve
district

Time d e p o s i t s
Demand d e p o s i t s e x c e p t i n t e r b a n k
1st half
2nd h a l f
1st half
1st half12nd half
1st h a l f
S e p t . 1:>1l8
" u e . IQI18 S e o t . l Q h ? S e p t . i q h Q U u e . 1947 Sept., I 3 k 7
C o u n t r y b a n k s i n p l a c e s w i t h p o p u l a t i o n of 1 5 , 0 0 0 and o v e r l /

Total
Boston
New York
Philadelphia 2 j
Cleveland
Richmond
Atlanta
Chicago 2 /
S t . Louis"
Minneapolis
Kansas C i t y
Dallas
San F r a n c i s c o 2 j

16.583

16.351

rl5.535

8.708

8.7Q1

Rr)iQQ

1,?02

1,883
2,935
1,233
1,336
1,100
1,522
2,215
658
595
564
1,027
1,277

1,855
2,838
1,077
1,327
1,088
1,535
1,961
r 656
571
5L7
929
1,152

• 864
2,222
815
900
398
178
1,589
339
296
io4
146
617

866
2,221
817
899
388
179
1,592
337
295
105
11*6
646

883
2,172
749
927
loo
487

2,980

1,244

1.317
1,156
1,538
2,247
669
607
570
1,029
1.318

l.hOO
335
295
105
141
605

C o u n t r y b a n k s 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 1 5 , 0 0 0
Total
Boston
New York
Philadelphia
Cleveland
Richmond
At l a n t a
Chicago
S t . Louis 2 /
Minneapolis
Kansas C i t y
Dallas
San F r a n c i s c o

12,507

12.102

560
1,101
9k3
1,083
897
653
1,730

35L
1,077
926
1,069
868
644
1,714
966
776
1,633
1,536
538

97k

803
1,651
1,556
55U

rl2.136

!

6.073

6.073

6.061

233
348
1,167
1,070
9
03
923
825
1,056 |
472
872
216
650 1
964
1,716;
277
r978 !
450
785
204
1,653
66
1,502
299
582 :

252
1,165
903
828
472
216
964
276
449
204
66
298

235
1,173
899
829
470
213
9l8
281

444

203
61
305

r Revised.
l / I n c l u d e s a n y b a n k s i n 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 w h i c h h a v e b e e n g i v e n
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 a s c o u n t r y b a n k s ,
2 / D a t a f o r t h e s e d i s t r i c t s a r e n o t e n t i r e l y c o m p a r a b l e w i t h y e a r a g o f i g u r e s due
to a c h a n g e i n t h e r e s e r v e c l a s s i f i c a t i o n of c i t i e s o r i n d i v i d u a l b a n k s .
F o o t n o t e s f o r p r e c e d i n g page ( J . 1 ) j
l/
~~
2/
3/

.

A v e r a g e s 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 b o r r o w i n g s and of d a i l y
o p e n i n g 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 b a s e d on
d e p o s i t s a t o p e n i n g of b u s i n e s s .
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 c a s h i t e m s r e p o r t e d a s i n p r o c e s s o f c o l l e c t i o n and demand b a l a n c e s due
f r o m d o m e s t i c banks*
I n c l u d e s some i n t e r b a n k and U^S. Government t i m e d e p o s i t s ; t h e amounts on c a l l
r e p o r t d a t e s a r e shown i n t h e Uemfrer Bank C a l l R e j p o r t .




f t ?
DEPOSITS, RESERVES, AND BQItRP.-ilNGS OF .IGliBER BANKS - ( C o n t ' d )
( A v e r a g e s of d a i l y f i g u r e s ' ; i n t h o u s a n d s o f - 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 b y c h a n g e s i n F e d e r a l R e s e r v e m e m b e r s h i p j
a b s o r p t i o n s , e t c . , p a r t i c u l a r l y i n S t a t e s d e s i g n a t e d by an a s t e r i s k , )
Time d e p o s i t s
Demand de]D o s i t s e x c e p t i n t e r b a n k
1st half
2nd h a l f
1st half
1st half
2nd h a l f
"1st half
A
Sept.l9k8
u g t I 9 k 9 , S e n t . l Q k 7 S e p t , JL9kQ
? e B^» 19k7
C o u n t r y b a n k s 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 1 5 , 0 0 0
Total,all States
New E n g l a n d
Maine
New Hampshire
Vermont
Massachusetts
Rhode I s l a n d
Connecticut
I'd Ac l e A t l a n t i c
" N?v~ York
Nev J e r s e y
Pennsylvania
E„North C e n t r a l
Ohio
Indiana
Illinois*
Miohigan
Wis 3cn.sin
Tj c Norv.h C e n t r a l
iilrrc s ota
Missouri
North Dakota
South Dakota
Nebraska
Kansas
Sou-':h A t l a n t i c
Delaware
Maryland
Virginia
IVest V i r g i n i a
North C a r o l i n a
South Carolina
Georgia
Florida
E.South Central
Kentucky
Tennessee
Alabama
Mississippi*
South C e n t r a l
Arkansas
Louisiana
Oklahoma
Texas
Mountain
iiOntana
Idaho
7/yoming*
Colorado
New Mexico
Arizona
Utah
Nevada*
Pacific
Washington *
Oregon
California

6.073.261x

6.060.532

372,371
36k,230
21A.117
57,015
58,3ir
66,578
28,721
78,022
76,509
28,761
16,105
16,990
55,906
55,7k8
131,116
130,320
121,055
55,k32
• 55,3k7
82k
80k
730
1,536
l,5k9
60,270
61,333
57,118
36,089
35,988
2,319,1168 2,279,568
2,290,813 2,318,851 2,320,756
764,261
71+9,268
769,292
767,601
7k2,509
5ko,l3k
526,758
528,k9l
532,k58
527,975
1 , 0 1 5 , 0 7 3 l,003,5U2
l , 0 1 5 , 8 k 6 1,021,068 1,025,180
2 , 5 U , 3 0 l 2,k83,55k r2,kk3,(
1,669,905 1,670,924
616,000
"323,889
586^k5
511,k58
509,93k
k26,27k
rk20,789
178,103
k29,33k
178,296
928,106
926,278
936,307
383,300
382,98k
31k,866
311,k62
319,kk6
365,687
365,720
202,328
200,136
232,386
197,19k
232,971
2,009.508
2,032,332
552.867
53k.063
266,832
27k,76k
217,066
216,508
2#,392
315, iko
338,801
315,653
93,580
93,6k7
312,250
308,325
312,738
70,300
70,k98
9l,k82
2o,k72
29,265
97,655
93,057
166,k2k
158,889
167,757
3k,926
3k,707
3k2,k31
3#,391
356,973
k3,56k
k3,k89
k98,998
k93,365
500,9k7
kk,965
kk,9k3
1.212.000 1,180,250
58li.QQ5
1 . 1 9 0 . Qk7
,%k,67l
18,8
11,826
I9,0k0
18,9k5
11,826
156, Ck6
157,821
152,3k3
123,377
123,305
326,225
315,k29
323,115
207,198
207,163
192,210
178,kl8
I96,3k8
82,57k
82,579
lk2> 590
137,302
k9,272
136,997
k8,981
90,712
89,602
85,k51
18,852
18,767
9k,972
93,lkl
96,717
29,613
29,583
186,162
6
2
,
3
8
2
62,278
185,5k6
189,237
650.261
637 J i k 6
i"635.330
156,7k!
-156.511
282,096
r276,025
275,398
k6,2k8
k6,397
179,022
62,02k
176,791
%1,912
179,k27
139,00k
36,k2l
135,982
138,95k
36,385
50,139
k9,275
ko,92k
11,966
11,899
2,075,25k 2,052.627
2.016.100
Ik2.5k8
UL 1.100
153,k30
2
9
,
2
9
k
152,689
150,3kk
29^36
80,767
27,kk9
79,k01
76,7kk
27,530
kl5,k80
33,908
k l k , 191
kl6,kl2
33,710
l,k25,577 l,ko6,3k6
51,897
1,372,600
50,62k
731.113
lQ0.97g
Ilk*
7M,<%!i
156,k70
161,17k
158,259
ko,650
kO,58k
73,217
I6,6k3
77,335
16,63k
75,353
89,720
93,9kl
21,395
79,337
21,725
238,080
2k2,2i6
239,H0
k8,862
k8,836
100,282
102,103
13,283
12,18k
99,909
3,828
k,215
1,16k
1,167
3,956
k5,080
k6,801
k3,683
3k,298
3k,2k3
8,188
18,861
8,k8k
5,580
5,569
k07.k09
k38,Ol6
2kO.Q68
2k0.k81
kl,26o
88,879
85,906
93,931
k 1,193
91,556
87^780
28,332
88,39k
27,9k8
239,1453
233,3.09 .
m . 376
256».3Q5
. 171,31)0

2k5.721

12.306.Q0L I 2 . 1 0 1 . 5 1 1 i r 1 2 . 1 3 5 . 3
378,108
59,3k6
78,6^3
146,866


r Revised.


6.072.ft),3

66,822

29,33k
56,813
56,5k8

1,528

3k,676
2,338,556
770,9.67
535,819
1,031,770
I,6k9,0k9

500,k68

172,599
378,161
367,126
230,695
526.919
2llt,185
93,502
#,795

27,280

3k,509
kk,0ik
kk,63k
582,725
11,893
126,09k
203,8k7
81,035
50,718
17,776
29,751

61,611

15k, 120
k5,k9l

62,668

35,715
10,2k6
:36,7kR
28,551
27,693
32,900
1 % ^
39,938

17,018

20,k9k
k9,260
12,259

926

32,3^
9,573
2kii,aagki,
27,9k7
175,2.37