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Mr. Tow L.5.4 CONFIDENTIAL (ER) BORROWINGS FROM FEDERAL RESERVE BANKS By Country Member Banks - Semi-monthly computation period ended April 15# 1958 (Dollar amounts in millions - averages of d a i l y f i g u r e s ) Amount of borrowings Number of banks borrowing $ Total number of banks i n group Total Boston New York 70 301 11 57 15 57 6,074 280 526 448 5,188 57 399 108 892 Required reserves: Borrowing banks A l l banks in group (previous period) $ $ R a t i o of borrowings t o required reserves: Borrowing banks A l l banks in the group * * 15.6 1.3 19-2 2.8 $ 14 42 13 18.6 Banks borrowing i n excess of 40% of required reserves: Amount of borrowings Number of banks Banks borrowing i n a l l of p a s t 6 periods: Amount of borrowings Ratio t o t o t a l borrowings $ * Philadelphia San Francisco Cleveland Richmond Atlanta Chicago St. Louis 10 25 6 23 4 12 8 39 1 7 1 6 7 41 1 6 524 575 442 380 941 471 466 711 608 150 28 386 65 436 36 331 31 467 65 806 12 256 6 230 33 311 6 397 1 279 5* 25 14.1 1.7 19.3 1.3 14.8 2.3 17.2 1.8 12.9 0.9 12.9 1.0 5 11 3 9 1 2 1 2 1 2 0.2 2 0.4 5 3 26.3 1 4.9 1 12.8 2 23.1 1 29.0 1 15.8 1 8.8 Number of banks borrowing during 4 16 All 6 periods 3 63 3 7 7 5 28 26 21 4 » 5 periods 231 34 7 37 39 24 54 110 36 47 58 1 - 3 periods 491 57 856 422 500 345 Number not borrowing during p a s t 6 periods 377 372 5,289 173 NOTE: Most r a t i o s are computed from underlying f i g u r e s i n thousands. D e t a i l s may not f o o t t o t o t a l s because of rounding. * Excludes d a i l y averages "as of" discount c r e d i t of $0.2 million. ** Less than O.ljL 7.6 0.4 Minneapolis 11.6 0.4 — - - — *• " - - 5 14 452 6 35 425 Kansas City Dallas 20.4 2.3 16.3 0.3 2 8 0.3 1 2 34.0 1 57.7 15 21 42 , 6 33 2 3 10 593 0.1 3 10.9 #* - - 0.1 75.2 1 4 4 141 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM J