The cities of New York and Chicago are designated as central reserve cities, and the following cities are designated as reserve cities:
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| Boston | Indianapolis |
| Albany | Chicago |
| Brooklyn and Bronx | Peoria |
| Buffalo | Detroit |
| Philadelphia | Grand Rapids |
| Pittsburgh | Milwaukee |
| Baltimore | Minneapolis |
| Washington | St. Paul |
| Richmond | Cedar Rapids |
| Atlanta | Des Moines |
| Little Rock | Dubuque |
| Louisville | Sioux City |
| Memphis | Kansas City, Mo. |
| Nashville | St. Joseph |
| Cincinnati | Jacksonville |
| Cleveland | Birmingham |
| Columbus | New Orleans |
| Toledo | Dallas |
| El Paso | Pueblo |
| Fort Worth | Muskogee |
| Galveston | Oklahoma City |
| Houston | Tulsa |
| San Antonio | Savannah |
| Waco | Seattle |
| St. Louis | Spokane |
| Lincoln | Portland |
| Omaha | Los Angeles |
| Kansas City, Kans. | Oakland |
| Topeka | San Francisco |
| Wichita | Ogden |
| Helena | Salt Lake City |
| Denver |
The Board of Governors of the Federal Reserve System may at any time reclassify cities so designated as reserve and central reserve cities, may add to the number so classified, or terminate the designation of any cities as such.