Full text of L.5.4 Borrowings from Federal Reserve Banks by Country Member Banks : February 28, 1958

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L .5 .4 CONFIDENTIAL (FR>

BORROWINGS FROM FEDERAL RESERVE BANKS
By Country Member Banks - Semi-monthly computation period ended February 28, 1958
(Dollar amounts in millions - averages of daily figures)

Total

Amount of borrowings
Number of banks borrowing

$

Total number of banks in group

10
56

9
6l

6.075

280

528

575
5.377

51
412

115
917

$
$

Ratio of borrowings to required reserves:
Borrowing banks
All banks in the group

%
%

15.0
1.6

$

29
72

Banks borrowing in all of past 6 periods:
Amount of borrowings
Ratio to total borrowings
Number of banks borrowing during
All 6 periods
4 - 5 periods
1 - 3 periods
Number not borrowing during past 6 periods

$
%

i

i

26
30.2
86
215

610
.
i

5,164

9**
72

St.
Louis

Minne­
apolis

Kansas
City

4

Dallas

San
Fran­
cisco

3
8

17

10
47

1
8

2
6

526

575

442

378

940

471

466

711

608

150

66
397

87
449

69
345

40
479

44

836

7
416

5
289

3
13

61
172

Chioago

7
37

l
4

7
44
131
346

Atlanta

8
19

5
12

9
| 38

Rich­
mond
10
39

14.1
2.3

l
12.1

Cleve­
land
12
54

7-7
1.0

4
45.3

;

Phila­
delphia

19.4
2.4

* Excludes daily average fas of” discount credit of $1 million.
** Less than $50,000,




New
York

86
424

Required reservesj
Borrowing banks
All banks in group (previous period)

Banks borrowing in excess of UD% of
required reserves:
Amount of borrowings
Number of banks

Boston

4
45.3

15
32
76
403

13.7
2*7

2
5

5
45.4

12
13
55
495

14.2
2*9

3
7

2
20.0

6
17
52
367

19.0
1*7

4
5

3
40.5

4

10
31
333

48

14

269

13.6
0.8

24.1
1.1

2

1
1

4

1
7.9

4
19
82
835

**
0.7

1
5
18
447

29

240
14.6

1 .7

--

328
23.0
3.0

5

16
0.3
6.1
1
10
30
425

5
45.2

21
20
54

616

21.1
0.2

40.5
0.7

1
2

2
3

0.3
22.0

3
6
14
585

0.4
19.1
3

1

6
140