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L.5-4 CONFIDENTIAL (FR) MEMBER BANK BORROWINGS FROM FEDERAL RESERVE BANKS Summary Report covering COUNTRY member banks for the semi-monthly reserve computation period ended August IS 1956 (Dollar amounts in millions - averages of dailv fieureal ' Total Boston New York Philadelphia Richmond St. MinneLouis apolis Fran- Current semi-monthly period Number of country "banks in group Number borrowing from Federal Reserve Bank 6,181 $ 293 70 579 96 545 57 586 41 446 43 360 22 941 29 472 8 463 36 715 33 612 12 5,179 984 426 177 876 284 382 103 450 86 331 78 432 66 796 69 258 20 222 50 315 20 393 20 20? 32 64 25 15 20 10 11 2 12 5 7 7.5 18.0 7.3 22.6 6.5 24.3 18.0 25.7 2.3 14.9 1.4 16.0 0.8 11.8 1.6 26.6 1.8 2.0 50 130 63 53.3 9 18 55 10 48 74 33.3 5 15 60 3 6 39 7 13 64 4 6 59 4 5 43 1 1 43 2 5 71 1 5 83 86 133 113 119 12 24 22 12 15 23 24 34 13 15 17 12 3 19 14 5 13 11 6 13 3 7 6 6 a 8 7 11 5 3 2 77 54 8 3 21 9 12 5 2 2 13 11 1 3 3 2 Amount of borrowings Ratio of borrowings to required reserves— Of all banks in group Of borrowing banks 4.0 21.0 Number of banks borrowing $1 million or more Amount of borrowings of such banks Per cent of total borrowings in the group Number of banks with ratios of borrowings to required reserves of40$ and over 20 - 39.9# 10 - 19.9# Less than Amount of borrowings by banks— With ratios of borrowings to required reserves of Borrowing in all of past 6 periods and over $ 3.3 6.0 • __ 6 2 • • 5.4 23.5 3 6 1 2 47 32 4 13 13 13 10 3 7 4 6 2 3 Continuity of borrowings during 3 months Number of banks borrowing during— All 6 periods 101 6 18 8 17 7 7 12 15 5 4 - 5 periods 213 44 14 10 34 35 19 17 17 *# 13 3 1 - 3 periods 614 141 48 20 91 85 58 52 43 *# 41 19 Non-borrowers 160 387 408 #5,253 508 362 864 325 450 391 #646 NOTE: Most ratios are computed from underlying figures in thousands. Details may not foot to totals because of rounding. * June 30 correction: Total figures reported as 252 and 533 should be 245 and 540; K.C. 24 and 34 should be 17 and 4l. # July 15 correction: Total figures reported as 253, 507 and 5,320 should be 258, 516, and 5,306; K.C. 12, 26, and 656 should be 17, 35, and 642. % — •» 4 169 4 CVI Required reserves (previous period): Total for banks in group Total for borrowing banks 451 6 2 5 5 6 5 4 12 1 3 4 591 5 161