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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
DEPOSITS, RESERVES, AND BORROWINGS OF MEMBER BANKS, FIRST HALF OF AUGUST 1956
September 7, 1956
(Averages of daily figuresll In millions of dollars)
Demand
Reserves with F. R. Banks Borrowings
Gross demand deposits
Class of bank
balances due
at Federal
Net demand
Time
and
deposits
from domestic
Reserve
deposits 2/
Total Required Excess
Total Interbank Other
Federal Reserve District
Banks
6,209
112,391
12,864
99,526
41,495
18,573
18,022
551
97,268
All member banks
Central reserve city banks:
22,242
-10
4,037 18,205
65
19,881
4,145
3,371
New York
4,135
1,304
111
1,227
4,694
5,240
1,112
-1
5,921
1,113
Chicago
Reserve city banks
Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis
Kansas City
Dallas
San Francisco

44,140
2,143
1,043
2,822
5,431
2,670
2,848
5,310
2,443
1,149

mi

11,533

6,271
296
38
459
513
391
599
575
683
325
838
833
721

37,869
1,847
1,005
2,363
4,918
2,280
2,249
4,735
1,759
624
2,441
2,636
10,812

37,75,4.
1,927
919
2,433
4,807
2,295
2,359
4,568
2,061
943

2,686
2,802
9,954

34,394
40,087
1,329 38,758
Country banks
Boston
2,907
124
3,193
173IS
New York
6,027
5,473
6,158
130
2,666
2,342
2,686
20
Philadelphia
2,819
Cleveland
3,165
3,190
25
2,206
Richmond
2,506
2,623
117
3,128
3,460
Atlanta
276
3,735
5,017
101
Chicago
5,762
5,663
1,801
2,056
2,115
St. Louis
59
1,438
1,605
1,676
Minneapolis
71
2,348
Kansas City
126
2,805
2,679
Dallas
2,992
244
3,434
3,678
1,922
2,240
2,204
36
San Francisco
NOTE: Demand deposits adjusted (demand deposits other than interbank and United
collection) of all member banks estimated at $88,320 million.
For numbered footnotes see next page.




16,725
225
499
352
2,004
627
554
2,636
427
210
473
768
7,949

1.859
23
30
91
158
110
176
233
109
42
263
338
284

7.697
360
190
457
972
450
459
965
396
181
517
552
2,200

7.632
358
190
456
965
444
452
954
392
180
507
543
2,189

20,095
4,254
?.628
5.132
186
408
1,192
421
4,254
869
923
g
2,016
412
382
2,168
447
287
493
1,242
296
367
327
1,123
467
474
432
880
3,766
790
695
824
281
274
257
221
961
244
194
650
409
314
362
613
613
458
390
218
1,285
295
313
States Government, less cash items reported

65
1
6

V

11
4

10
9
11
496
13
54
30
47
40
42
90
24
23
48
68
18
as in process of

J.la

DEPOSITS, RESERVES, AMD BORROWINGS OF MEMBER BANKS -- Continued
(Averages of daily figures.

District

In millions of dollars)

Demand deposits except interbank
1st half
2nd half
1st half

Time deposits
1st half
2nd half
1st half

Country banks in places with population of 15,000 and over l/
Total
Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis
Kansas City
Dallas
San Francisco

2,784
4,559
1,494
1,947
1,567
2,577
3,746
1,001
797
1,114
1,966
1,844

25,767

25,030

12,541

12,535

11,966

2,946
4,596
1,510
1,981
1,599
2,592
3,760
1,007
801
1,130
2,026
1,840

2,758
4,443
1,492
1,900
1,560
2,459
3,688
987
818
1,115
2,002
1,809

955
2,841
917
1,213

965
2,833
915
1,209
645
761
2,540
448
413
316
447
1,042

969
2,690
875
1,148
621
728
2,401
437
405
301
380
1,010

S 1
2,552
449
4i6
316
449
1,041

Country "banks in places with population of less than 15,000
Total
Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis
Kansas City
Dallas
San Francisco

13,363

13,323

13,336

7,554

7,523

7,346

408
1,469
1,172
1,218
939
883
2,016
1,055
808
1,564
1,469
361

425
1,485
1,166
1,219
925
874
2,005
1,050
805
1,552
1,462
355

388

237
1,412
1,099

234
1,406
1,092
952
609
360
1,212
375
545
333
164
241

229
1,409
1,072
932

1,496
1,203
1,208
903
797
2,023
1,020
812
1,598
1,480
406

&
362
1,214
375
546
334
165
244

326
1,186
360
528
320
141
265

l/ Includes any banks in outlying sections of reserve cities which have been
given permission to carry the same reserves as country banks.
Footnotes for preceding page (J.l):
1/ 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.




"J. Ib
DEPOSITS. RESERVES, AM) BORROWINGS OF MEMBER BANKS — Continued
(Averages of daily figures; in thousands of dollars. Comparability of figures
is affected somewhat by changes in Federal Reserve membership, absorptions,
etc., particularly in States or territory designated by an asterisk.)
Demand deposits except interbank
Time deposits
1st half
2nd half
1st half
1st half
2nd half
1st half
Aug. 1956I July 1956I Aug. 1955 Aug. 19561 July 19561 Aug. 1955
Country banks in places with a population of less than 15,000
Total, incl.Alaska
Total, all States
New England
248,791
Maine *
64,867
63,245
69,907
67,900
67,511
71,775
New Hampshire
69,689
66,287
28,863
63,335
27,856
29,255
Vermont
62,705
65,505
59,858
65,935
66,155
65,959
Massachusetts
170,414
163,621
156,849
46,551
46,050
46,213
Rhode Island
804
805
1,791
1,768
779
1,792
Connecticut *
73,460
65,641
70,132
38,616
39,793
36,934
Middle Atlantic
2,885,521 2 , 8 9 6 , 2 8 3 2,945,902 2,743,130 2,729,590 2,712,366
New York *
1,030,546 1,0*57,532 1,046,255
962,334
955;553"
#5,117
New Jersey *
620,321
714,980
706,004
731,403
615,843
615,859
Pennsylvania *
1,139,995 1,142,747 1,168,244 1,160,475 1,155,284 1,131,390
E. North Central
3,048,900 3,030,910 3,020,856 2,072,141 2,066,487 2,022,711
Ohio
636,616
786,344
788,570
620,614
778,373
633,984
Indiana
246,454
487,253
497,930
489,765
245,066
234,686
Illinois
1,147,221 1,145,970 1,111,674
537,030
535,029
518,989
Michigan *
380,562
399,369
400,261
350,575
355,951
397,458
Wisconsin
260,768
260,482
252,672
259,228
252,147
250,964
W. North Central
1,980,401 1,974,877 2,030,518
709,575
707,606
689,985
Minnesota
268,609
300,903
301,569
299,146
267,952
261,559
Iowa
121,627
324,744
336,201
325,533
121,547
121,052
Missouri
107,921
358,515
350,845
107,566
357,757
100,712
North Dakota
83,148
37,094
82,995
82,703
36,428
36,990
South Dakota
42,351
112,237
112,415
122,306
41,418
42,235
Nebraska
50,942
311,962
310,715
336,762
52,068
50,950
Kansas
488,892
81,031
483,893
80,366
502,555
76,748
South Atlantic
1,419,345 1,403;
797,200
1,332,993
748,887
793,950
Delaware *
18,870
lb,915
16,866
12,528
13,029
12,518
Maryland
142,104
175,970
173,788
171,614
141,839
134,693
Virginia
310,770
362,930
360,736
353,346
310,587
292,672
West Virginia
193,892
192,645
94,987
184,595
95,012
90,062
North Carolina
130,829
131,300
126,427
52,533
51,852
50,380
South Carolina
85,811
22,050
84,969
20,340
19,866
93,729
Georgia
106,072
108,479
36,405
104,957
36,260
33,549
Florida *
336,486
288,215
125,833
114,636
336,179
125,532
E. South Central
620,530
241,086
622.943
610,195
241,039
222,529
Kentucky
251,238
251,089
2577551
69,923
70,635
63,985
Tennessee
165,117
165,876
101,779
163,383
101,185
94,192
Alabama
56,062
150,209
155,365
156,457
56,031
51,580
Mississippi
48,810
13,275
49,521
48,752
13,235
12,772
W. South Central
-,983,360 1,971,060 1,946,400
295,265
294,201
255,728
Arkansas
149,335"
42,453
139,931
42,427
150,315
30,255
Louisiana *
144,385
148,239
119,673
40,643
51,309
50,853
Oklahoma
69,981
351,861
349,983
337,419
69,528
63,962
Texas
131,522
112,868
1,332,945 1,327,354 1,349,377
131,393
Mountain
706,521
739,788
258,068
259,897
254,716
71%" '
Montana
64,472
195,028
192,847
64,245
193,173
58,576
Idaho *
36,901
17,894
40,233
17,807
37,507
17,972
Wyoming
31,511
98,699
28,548
98,970
99,953
31,351
Colorado
246,221
77,230
236,571
234,499
77,583
77,605
New Mexico
26,846
96,635
26,683
93,476
92,877
22,381
Arizona
4,649
3,165
6,087
5,952
1,786
1,955
Utah *
36,450
41,379
40,214
36,102
41,304
51,533
Nevada *
4,114
2,329
10,694
2,342
3,933
6,544
Pacific
181,274
270,053
265,299
295,253
180,563
194,801
Washington
44,261
66,992
^573537
75,181
44,127
43,963
Oregon *
19,170
45,072
50,000
43,934
18,901
21,256
California *
117,843
157,989
155,014
170,072
117,699
129,418
Alaska
3,022
2,756
2,879
2,490
2,711
2,373