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j.l \ \ BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM DEPOSITS, RESERVES, AND BORROWINGS OF MEMBER BANKS, FOR THE BIWEEKLY PERIOD ENDED AUGUST 24, i960 Class of bank and F. R. District All member banks Cent.res.city bks.: New York Chicago Reserve city banks Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco (Averages of daily figures!/. In millions of dollars) September 14, i960 Demand Reserves !Borrow- Currency ings at and coin Net demand Time balances With Allowdeposits 2/ deposits due from F. R. able in Required Excess F. R. u. s. total Other Banks Govt. dom.bks. Banks cash 2,298 304 102,069 3/ 17,960 il 524 56,316 5,656 101,756 6,555 18,159 325 Gross demand deposits 120,658 Interbank 13,246 23,226 6,116 4,150 1,250 1,183 331 17,893 4,534 19,602 5,285 47,525 2, 314 1,137 2,978 5,698 3,016 3, hoi 4,881 2,461 1,283 3,399 3,756 13,202 6,503 342 52 475 524 429 689 582 663 353 837 883 673 2,326 116 70 155 360 135 121 373 109 77 121 142 546 38,697 1,856 1,015 2,348 4,813 2,451 2,591 3,927 1,689 853 2,441 2,730 11,983 39,544 2,057 987 2,491 4,947 2,508 2,677 4,090 2, 014 1,012 2,684 2,938 11,139 Total 4,703 1,508 79 101 3,778 1,031 21,806 204 674 642 2,826 834 942 2,542 529 264 659 1,149 10,541 2,009 23 37 ic6 195 l46 244 189 126 36 274 370 263 7,568 350 187 44l 940 44l 486 795 358 181 480 545 2,364 1 90 9 2 23 17 6 16 4 1 3 10 4,366 234 28,299 5,783 1,817 40,631 Country banks 1,342 37,637 43,790 18 1,443 205 419 3,126 Boston 3,268 13ti 193 3,599 1,001 6,187 32 6,039 382 6,502 New York 6,962 123 337 264 2,647 2,526 162 Philadelphia 28 35 2,709 399 2,898 2,820 2,667 458 302 34 3,044 Cleveland 3,227 25 157 26 286 2,184 1,551 322 104 Richmond 101 2, 383 2, 587 22 1,786 457 479 Atlanta 3,348 244 122 3,585 3,951 1,003 6,049 5,688 6,602 36 Chicago 772 158 303 7,063 1,102 268 285 2,062 1,885 St. Louis 7 60 75 2,197 6 208 1, 344 1,564 259 1,678 Minneapolis 1,829 76 75 4o8 2,824 1,055 376 Kansas City 2,595 3 3,066 129 113 601 10 435 1,139 Dallas 213 81 3, 475 3,075 3,769 214 348 1,837 2,498 2,277 San Francisco 7 2,642 48 96 NOTE: Demand deposits adjusted (demand deposits other than interbank and United States Government, less collection) of all member "banks amounted to $89,722 million. For numbered footnotes see next page. 3,764 1,027 7,615 350 197 443 958 456 489 802 359 180 475 542 2,365 l4 5 43 49 15 122 3 5 1 20 l4 22 27 4 6 16 ' 131 28 702 17 27 37 106 66 46 91 28 10 34 38 200 5 2 4 8 2 1 5 6 4 9 118 1, 437 463 5,555 416 21 123 7 18 232 982 51 124 6 410 23 48 6 444 136 . 106 17 318 31 21 132 458 43 10 229 89 950 66 262 1 29 48 26 239 5 40 10 67 338 12 50 97 395 4 12 342 77 cash items reported as in process of A% DEPOSITS, RESERVES, AND BORROWINGS OF MEMBER BANKS -- Continued (Averages of daily figures. In millions of dollars) Federal Reserve District Demand deposits except interbank Time deposits and U. S. Government Aug. 11-24, July 28 - IAug.16-31/ Aug.11-24, July 2d -IAug.16-31, I960 I Aug. 10,1960! 1959 # I960 I Aug. 10, l$6o| 1959 Country banks in places with population of 15,000 and over 1/ Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco 27,164 27,248 27,956 18,018 17,905 16,453 2,883 4,964 1,623 1,849 1,478 2,543 4, 581 1,014 837 1,191 2,010 2,191 2,923 4,991 1,630 1,857 1,478 2,561 4,575 1,021 832 1,188 1,995 2,197 3,050 5,145 1,764 2,042 1,678 2,689 4,077 1,068 885 1,239 2,143 2,177 1,160 4,085 1,304 1,450 778 1,168 4,096 558 603 482 774 1,561 1,153 4,059 1,295 1,446 774 1,166 4,074 554 600 472 763 1,548 1,116 3,860 1,205 1,400 787 1,095 3,208 549 587 451 698 1,497 Country banks in places with poisulation of less than 15,000 Total 13,468 13,499 14,191 10,282 Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco 386 1,538 1,086 1,195 905 1,043 2,021 1,048 84l 1,632 1,465 308 383 1,549 1,093 1,208 910 1, 040 2,014 1,051 834 1,638 1,473 306 421 1,616 1,168 1,257 #3 1,055 2,150 1,100 908 1,680 1,520 333 283 1,954 1,343 1, 217 773 618 1,591 545 742 574 365 276 10,216 281 1,945 1, 338 1,212 772 612 1,585 542 740 570 363 257 9,873 295 1,877 1,283 1,145 780 584 1,525 522 731 529 326 276 =ff U. S. Government deposits included, prior to December 1, 1959• 1/ Includes any banks in outlying sections of reserve cities which have been given permission to cairry the same reserves as country banks; also includes member banks in Hawaii. Footnotes for preceding page (J.l): 1/ Averages of daiJy closing figures for reserves with F. R. Banks and borrowings and of daily op aing 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. 3/ Revised weekly figures compared with those given in published weekly statements: Aug. 17 Aug. 24 Aug. 31E/ Sept. 72/ p/ Preliminary Required reserves Excess reserves 17,983 17,938 17,832 17,696 581 466 625 583 Free reserves - 165 273 352 322 J .lb DEPOSITS, RESERVES, M P BORROWINGS OF MEMBER BAMS — 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.) Country banks in Demand deposits except interbank Time deposits places with a and U. S. Government population of Aug.11-24, July 28 -(Aug.15-31, Aug.11-24, July 28 -|Aug. 15-3lj less than 15,000 I960 I960 I Aug .10,1960, 1959 [Aug. 1Q,196O| 1959# Total 10,206.4 9,865-7 13,461.1 13,492.0 14,184.1 10,272.1 New England 294.5 281.3 421.7 282.9 383.2 385-3 Maine * 81.5 76.1 74.4 76.6 66.5 65.6 New Hampshire 34.7 76.4 71.0 35.2 71.5 35.3 io4.o Vermont * 68.1 95-4 54.7 53-6 95.9 Massachusetts 51.3 165.2 52.4 51.9 155.4 157-7 Rhode Island Connecticut * 23.0 22.7 36.0 22.7 37-6 36.5 Middle Atlantic 3,604.7 3,463.0 2,888.9 3,067.0 3,619.8 2,909.9 New York 1,104.5 1,169.2 1,364.4 1,357.7 1,319.6 l,H7.3 New Jersey 860.8 815.6 868.4 747.4 750.5 773.4 Pennsylvania 1,124.4 1,386.2 1,327.8 1,045.2 1,387.0 1,033.9 E. North Central 2,550.1 2,656.5 3,046.7 2,668.9 3,052.0 3,219.9 Ohio 752.1 794.2 781.1 789-8 813.9 798.5 Indiana 302.3 472.4 496.8 317.0 465.8 318.5 Illinois 705.4 1,171.6 748.5 1,173-2 1,239.0 751-0 Michigan 492.4 482.9 382.6 365.7 496.7 353-7 Wisconsin 304.4 307.4 261.2 264.2 304.2 287.6 W. North Central 1,024.4 1, 002.4 1,028.1 2,003.1 2,003.4 2,131.0 Minnesota 349.8 347.1 329.6 329.3 345.9 350.7 Iowa s 156.0 156.3 318.6 156.2 321.4 345.3 Missouri 161.1 158.4 162.4 346.6 348.7 373.8 North Dakota 58.1 86.9 85.6 58.1 57.0 99-2 South Dakota 66.5 64.7 119.6 64.5 115.7 133.9 Nebraska 67.2 3H.2 334.0 312.3 73.1 73-4 Kansas 161.6 489.8 162.8 149.9 491.2 498.9 South Atlantic 1,068.2 1,069.0 1,459.5 1,463-3 1,547.0 1,077-2 Delaware 4.4 4.1 4.0 4.1 3.7 3-7 Maryland * 126.1 158.1 126.4 129.0 129.4 169.9 Virginia 4o4.6 426.4 417.2 425.2 391.8 394.9 West Virginia 129.4 187.2 190.0 119.9 129-5 195.8 North Carolina 62.6 66.8 124.1 124.0 134.1 66.9 South Carolina 88.9 87.6 32.8 32.7 32.9 99.2 Georgia 116.0 60.1 111.6 67.1 119.5 59.7 Florida 418.1 421.8 420.2 224.0 214.9 223.8 E. South Central 388.1 366.2 667.O 669.2 387.8 695.5 Kentucky 248.0 260.8 100.3 107.5 247.3 107.8 Tennessee 181.4 144.1 181.2 187.1 152.6 152.9 Alabama 168.1 166.9 96.2 97.1 92.3 177.5 Mississippi 70.1 73-6 69.7 30.9 30.9 29.5 W. South Central 2,030.6 603.6 543.1 2,049.3 2,074.9 607.5 Arkansas 66.1 155.2 76.4 151.7 76.7 157.5 Louisiana 174.4 83.6 171.2 176.3 89.9 89.7 Oklahoma 124.2 384.6 136.8 389.4 381.9 137.6 Texas l,316.4 269.2 1, 326.1 1,370.1 300.7 303.3 Mountain 360.8 726.2 756.0 383.2 725.4 385.0 101.2 Montana 110.0 180.6 110.3 180.3 196.3 Idaho 26.3 17.6 17.1 27.0 17.7 27.5 Wyoming 104.4 104.2 50.2 109.4 53-8 53.3 Colorado 268.2 111.4 107.8 110.9 267.1 272.9 42.2 New Mexico 111.8 48.1 111.0 48.5 115.8 4.2 Arizona 4.2 6.1 3-8 6.3 4.9 Utah 26.8 34.6 26.7 27.1 35.2 35-3 Nevada 2.4 2.2 3-8 2.3 3-9 3.9 Pacific 216.6 196.4 246.3 214.9 243.8 271.1 48.0 Washington 56.2 47.9 45 .9 59.5 55.5 Oregon * 22.0 31.6 23.4 31.0 23.7 37.3 California * 124.6 118.7 101.9 128.3 125.5 138.5 Alaska 20.4 24.5 23.2 • 33.0 32.7 35.8 Virgin Islands 6.6 8.1 9.8 7.0 6.7 9.7 U. Government deposits included, prior to December 1, 1959•
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