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G.6 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) April 12, 1954 BANK DEBITS TO DEMAND DEPOSIT ACCOUNTS Bank debits to demand deposit accounts, except interbank and Government accounts, as reported by banks in 3^5 leading centers for the month of March aggregated $171 billion. During the past three months debits amounted to $467 billion or 9.1 per cent above the total reported for the corresponding period a year ago. At banks in New York City there was an increase of 22,8 per cent compared with the corresponding three-months period a year ago; at 6 other centers the increase was 1.8 per cent; and at all other centers it was 1.5 per cent. Preliminary estimates of the annual rates of turnover of demand deposits in March are 44.6 at New York City, 27.6 at the 6 other centers, and 19.5 at all other centers. SUMMARY BY FEDERAL RESERVE DISTRICTS (In millions of dollars) March 1954 Federal Reserve District Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco 6,422 72,528 7,149 11,000 6,082 6,518 26,150 4,794 2,893 6,384 6,357 14,983 Total, 345 reporting centers New York City 6 other centers* 338 other centers 171,260 67,913 36,666 66,681 March 1953 6,368 58,382 6,717 10,871 5,823 3 months ended -March 1954 March 1953 17,728 199,221 19,085 30,157 6,107 16,632 18,188 24,861 4,564 2,731 5,883 68,844 13,140 7,884 17,339 17,661 164,184 18,319 30,111 16,443 17,639 67,273 12,877 7,765 16,863 6,019 18,070 15,030 41,194 17,758 41,545 153,356 53,898 35,339 64,119 467,482 186.334 96,812 184.335 428,437 151,695 95,125 181,617 DEBITS BY BANKS IN EACH REPORTING CENTER (In thousands of dollars) March 1954 DISTRICT NO. 1 - BOSTON Hartford Conn. 912,775 liNew Haveti 296,257 lt New London 44,135 I I Waterbury 95,804 Bangor Maine 58,824 11 Lewi ston-Auburn 35,801 11 Portland 108,585 Boston Mass. 3,496,164 II Brockton 57,410 n Fall River 61,482 11 Holyoke 45,223 Lawrence-Andover--Methuen Mass. 51,214 Lowell Mass* 51,082 ir Lynn 54,593 •1 New Bedford 63,224 n Pittsfield 40,486 11 Springfield 242,984 11 Worcester 225,585 Concord N. H. 29,922 It Manchester 68,243 Providence R. I. 347,997 Burlington Vt. 33,756 March 1953 840,438 278,438 39,430 94,058 52,569 36,579 136,091 3,426,618 55,196 60,590 41,432 51,574 49,215 52,272 62,362 40,542 228,293 213,506 28,127 64,460 482,722 33,781 3 months ended -March 1954 March 1953 2,439,373 810,283 125,393 258,161 160,675 99,095 303,866 9,579,030 159,600 165,821 123,325 141,841 141,517 150,696 177,548 109,946 651,627 602,976 80,332 191,853 1,162,290 93,200 2,334,474 801,093 113,449 261,108 155,770 100,971 320,309 9,344,956 160,745 171,706 118,565 147,802 141,729 150,435 180,432 116,797 661,886 626,280 79,764 180,440 1,398,863 93,224 * Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles. G.6a DEBITS BY BANKS IN EACH REPORTING CENTER (In thousands of dollars) March 1954 DISTRICT NO. 2 - NEW YORK Bridgeport Conn. It Stamford Elizabeth N. J. tt Jersey City Montclair Newark Passaic Paterson Binghamton N. Y. It Buffalo Elmira " Jamestown " New York " Poughkeepsie " Rochester " Schenectady " Syracuse " Utica " DISTRICT NO. 3 - PHILADELPHIA Wilmington Del. Atlantic City N. J. ft Camden It Trenton Allentown Pa. it Altoona Bethlehem Chester it Harrisburg »t Hazleton it Johnstown t t Lancaster i t Lebanon it Norristown it Philadelphia it Reading it Scranton tt Wilkes-Barre Williamsport York DISTRICT NO. 4 - CLEVELAND Ky. Covington-Newport n Lexington Akron Ohio It Canton II Cincinnati n Cleveland it Columbus Dayton Hamilton tt Lima tt Lorain it Mansfield it Middletown « Portsmouth Springfield Steubenville it Toledo it Warren « Youngstown tt Zanesville 226,178 89,743 147,051 423,428 55,542 1,177,411 137,456 199,682 81,001 872,622 63,053 45,803 67,912,760 63,738 510,653 94,886 317,566 109.620 485.621 70.767 202,661 265,388 107,927 35,655 52,541 66,460 168,485 29,444 48,311 94,102 25,083 44,249 4,953,253 141,495 119,242 89,854 36,399 111,909 55,203 82,669 369,664 156,432 1,401,103 2,915,850 820,468 404,482 63.768 65,659 25,330 63,432 57,092 32,859 62,258 26,042 546,774 61,382 March 1953 219,133 91,891 135,550 407,424 54,407 1,153,196 140,639 175,028 81,938 891,064 51,923 48,920 53,898,150 62,270 462,840 92,369 310,727 104,782 464,108 59,108 187,361 210,740 99,521 37,846 53,024 59,433 166,230 31,331 50,851 87,994 26,163 44,077 4,660,351 131,033 123,600 81,319 36,137 106,754 51,375 70,385 408,964 169,115 1,357,683 2,890,311 766,494 361,476 66,519 67,000 25,354 66,469 59,985 30,092 63,992 28,947 532,321 60,636 191,086 201,190 36,033 35,532 3 months ended -March 1954 March 1953 606,286 257,325 397,075 1,160,927 153,417 3,389,024 372,538 533,834 225,821 2,422,809 177,276 124,702 186,334,036 177,856 1,395,164 269,671 913,237 309,894 1,297,850 184,123 554,414 660,652 285,883 100,916 145,949 176,588 459,925 82,559 141,839 257,848 68,292 119,460 13,180,345 382,979 327,148 245,864 107,970 304,032 156,169 333,192 1,062,008 433,538 3,888,491 8,023,425 2,213,076 1,082,156 171,354 197,391 68,782 175,832 151,660 92,868 175,651 75,714 1,476,802 172,181 534,185 102,091 621,547 255,423 380,000 1,124,636 163,532 3,226,280 398,024 492,718 230,928 2,413,109 152,561 130,181 151,694,887 170,266 1,281,311 264,554 894,937 288,813 1,223,418 173,228 518,861 650,020 280,818 108,489 148,826 163,171 457,255 85,897 147,430 240,587 70,274 121,258 12,611,034 345,866 348,893 226,450 106,511 290,560 145,600 319,858 1,084,438 459,768 3,713,924 7,829,771 2,018,185 980,903 169,040 195,562 66,142 184,933 172,077 82,594 185,444 81,500 1,456,119 176,498 616,225 96,284 G.6b DEBITS BY BANKS IN EACH REPORTING CENTER (In thousands of dollars) March 1954 DISTRICT NO. 4 - CLEVELAND (Cont'd) Butler Pa. 48,022 n Erie 128,295 ft Franklin 6,469 t f Greensburg 26,759 It Oil City 22,865 It Pittsburgh 3,223,919 tt Sharon 34,14? Wheeling W. Va. 72,435 DISTRICT NO. 5 - RICHMOND Washington D. C. 1,292,166 Baltimore Md. 1,525,959 It Cumberland 23,187 It Frederick 23,653 It Eagerstown 38,094 Asheville N. C. 61,583 It Charlotte 391,798 II Durham 89,037 It Greensboro 124,723 ft Kinston 20,116 It Raleigh 222,297 It Wilmington 49,284 I I Wilson 18,272 II Winston-Salem 167,543 Charleston 76,792 II Columbia 179,846 It Greenville 114,118 I t Spartanburg 62,024 Charlotte sville Va. 33,000 it Danville 35,304 ** Lynchburg 49,408 ti Newport News 50,171 t t Norfolk 283,118 11 Portsmouth 34,766 t t Richmond 651,976 n Roanoke 123,453 Bluefield W. Va. 40,966 tt Charleston 167,262 it Clarksburg 30,995 t t Eimti ncr+.nn 70,514 Parkersburg 30,613 DISTRICT NO. 6 ATLANTA Annlston Ala. 30,208 ft Birmingham 477,892 ft Dotban 20,299 II Gadsden 23,779 II Mobile 191,541 Montgomery103,226 Jacksonville Fla. 482,580 II Miami 503,092 If Orlando 102,521 ft Pensacola 61,177 II St. Petersburg 116,395 It Tampa 221,728 s. c. March I?#, 44,808 128,675 7,534 27,536 21,366 3,212,653 35,639 79,270 1,123,291 1,484,472 23,892 24,344 37.849 62,975 382,515 87,489 119,346 19,634 238,958 45.850 17,309 158,722 75,374 152,933 115,136 67,602 27,418 36,985 49,610 51,427 269,211 33,097 648,702 124,652 45,248 166,714 32,481 69,500 30,282 31,705 449,270 18,689 24,468 174,576 ,91,915 477,288 442,973 93,808 54,549 101,026 208,158 3 months ended — March 1954 I March 1953 97,982 212,712 126,822 364,028 22,362 74,346 64,707 9,088,778 104,891 229,864 3,387,948 4,189,250 65,431 64,660 3,094,557 4,134,952 75,900 69,141 130,072 360,554 19,183 72,620 67,101 8,610,679 108,458 179,899 1,064,199 251,132 350,498 62,007 569,926 135,995 55,475 449,563 215,008 495,463 322,267 190,000 90,772 106,785 142,322 138,105 771,002 93,870 1,750,783 339,562 121,091 524,171 98,377 209,420 89,035 108,198 183,522 1,094,107 257,185 346,516 61,703 618,015 134,012 52,317 440,119 243,674 466,236 338,672 198,342 72,971 114,438 143,966 146,910 757,821 90,069 1,807,062 357,282 133,304 493,783 105,733 215,845 86,588 85,825 89,812 1,302,620 58,260 1,299,426 54,628 72,077 498,312 278,338 1,321,271 1,245,802 288,110 160,266 308,240 67,918 522,269 286,422 1,385,355 1,353,715 290,217 170,947 324,231 636,618 608,785 G.6C DEBITS BY BANKS IN EACH REPORTING CENTER (In thousands of dollars) March 1954 March 1953 DISTRICT NO. 6 - ATLANTA (Cont'd) Albany Ga. 41,889 40,46? n Atlanta 1,359,221 1,282,892 n Augusta 90,324 83,672 n 12,064 Brunswick 12,697 n 79,108 Columbus 79,609 It 4,746 Elberton 4,6l4 n 81,118 Macon 81,992 it 10,273 Newnan 10,863 it 126,771 Savannah 126,625 11 16,212 Valdosta 19,059 Baton Rouge 143,226 LB * 147,271 it 56,078 Lake Charles 54.712 n New Orleans 956,727 1,054,591 Battlesburg Miss 21,577 22,346 w Jackson 155,685 163,538 11 Meridian 32,975 28,239 11 15,086 Vicksburg 17,279 213,018 Chattanooga Term 229,692 it 159,668 Knoxville 153,918 it Nashville 438,994 493,338 DISTRICT NO. ? - CHICAGO 49,040 111. Aurora 49,811 it Bloomington 60,239 65,945 11 Champaign-Urbana 54,206 51,945 tt Chicago 13,854,016 13,165,564 tt 40,747 Danville 46,493 it Decatur 92,547 97,584 n 27,862 Elgin 30,919 11 60,014 61,847 Joliet Moline-East Molineit Rock Island 82,876 79,552 tt Peoria 195,271 197,998 tt Rockford 150,882 150,003 tt 104,534 Springfield 97,609 Fort Wayne Ind 202,136 191,638 tt 86,641 Gary 80,319 11 Hammond 50,225 56,727 n Indianapolis 818,751 896,930 it Lafayette 50,652 47.175 tt Muncie 59.176 65,269 t» South Bend 200,075 184,335 it Terre Haute 74,616 77,763 Iowa Burlington 26,811 29,175 11 Cedar Rapids 108,882 101,073 It Clinton 21,930 22,788 tt Davenport 87,302 89,537 It Des Moines 372,805 398,455 II Dubuque 50,405 53,045 tt Mason City 37,687 34,995 It Muscatine 14,844 13,758 It Ottumwa 39,460 36,532 tt Sioux City 144,348 154,361 It Waterloo 82.713 74,259 3 months ended -March 1954 I March 1953 116,847 3,730,080 241,289 38,840 228,255 13,397 233,603 33,122 358,611 56,668 411,774 161,793 2,899,306 64,436 503,073 81,214 47,822 674,124 471,037 1,338>008 120,346 3,493,819 268,563 37,235 235,249 14,672 233,680 30,781 367,726 48,982 399,294 167,289 2,866,203 63,358 532,401 95,881 44,529 668,751 4#,550 1,#,#0 139,139 174,895 l6o,oll 35,487,46? 126,512 277,319 84,932 171,664 137,788 171,458 149,167 34,641,600 120,853 250,330 226,44? 544,105 401,345 287,045 543,158 249,747 151,556 2,513,606 144,184 179,404 499,598 214,661 74,253 293,364 239,122 537,726 66,962 250,464 1,074,856 149,200 113,018 38,261 114,300 451,505 229,991 81,059 172,719 416,625 273,328 525,680 242,004 138,963 2,437,063 140,44? 170,873 551,136 217,066 79,497 283,211 62,988 251,888 925,678 144,923 101,533 37,798 108,499 437,722 211,932 G.6d DEBITS BY B A M S IN EACH REPORTING CENTER (in thousands of dollars) March 1954 DISTRICT NO. 7 - CHICAGO (Cont'd) Adrian Mich. 19,249 tt Battle Creek 65,071 tt Bay City44,985 tt Detroit 5,735,050 tt Flint 144,635 It Grand Rapids 275,576 It Jackson 76,531 tt Kalamazoo 113,361 tt Lansing 140,316 tt Muskegon 78,230 tt Port Huron 34,858 It Saginaw 99,027 Green Bay Wis. 81,027 tt Kenosha 48,061 tt Madison 155,606 tt Manitowoc 28,967 tt Milwaukee 1,392,793 tt Oshkosh 37,044 tt Racine 81,722 tt Sheboygan 59,464 DISTRICT NO. 8 - ST. LOUIS El Dorado Ark. 30,076 tt Port Smith 56,642 tt Helena 8,606 tt Little Rock 176,194 tt Pine Bluff 35,791 Texarkana(See Tex.) " 18,907 Alton 111. 41,107 E. St. Louis & Nat. Stock Yds. 143,671 Quincy 111. 37,920 Evansville Ind. 163,759 Ky. Louisville 761,038 It Owensboro 37,625 tt Paducah 38,598 Greenville Miss. 26,874 Cape Girardeau 14,160 Mo. tt Hannibal 9,632 tt Jefferson City 65,838 tt St. Louis 2,302,472 tt Sedalia 13,758 tt Springfield 73,175 Jackson Tenn. 22,978 tt Memphis 714,985 DISTRICT NO. 9 - MINNEAPOLIS Duluth Minn. 121,636 n Mankato 27,225 tt Minneapolis 1,442,043 tt Red Wing 6,010 tt Rochester 29,881 tt St. Cloud 13,624 tt St. Paul 626,246 tr South St. Paul 77,966 tt Winona 19,432 March 1953 22,365 66,106 42,961 5,463,290 126,494 262,568 76,458 104,106 156,970 80,295 35,640 94,093 71,049 52,919 151,028 30,866 1,290,800 34,790 3 months ended -March 1954 March 1953 54,878 188,681 125,471 15,336,070 399,524 783,500 224,118 317,007 411,795 218,977 100,229 281,266 76,612 215,903 136,715 410,323 82,949 3,648,130 97,568 216,879 54,329 160,626 28,762 82,899 48,136 9,146 173,010 37,758 21,905 34,503 138,017 35,058 177,815 721,958 40,225 46,226 22,100 13,771 9,635 57,652 2,152,415 11,779 72,049 21,375 690,261 120,047 23,577 1,314,205 5,864 28,218 16,221 605,991 73,500 19,121 143,951 24,924 479,449 104,560 55,885 109,626 385,348 104,470 459,625 2,154,646 113,478 108,506 80,245 40,820 27,103 190,948 6,155,518 38,864 202,218 64,418 2,012,849 326,363 74,515 3,881,876 16,956 85,399 44,363 1,671,390 222,989 54,410 60,755 193,525 123,830 15,140,320 360,786 747,366 225,305 296,513 447,393 238,263 106,524 267,544 198,223 151,959 396,066 83,877 3,496,827 97,045 222,215 158,349 81,608 141,430 28,215 468,795 113,066 56,253 96,040 382,549 101,637 498,463 2,099,682 131,522 132,808 76,071 41,587 27,879 218,238 5,849,104 34,556 199,692 62,712 2,034,773 351,687 67,246 3,727,248 16,729 80,862 42,973 1,669,586 217,712 57,085 G.6e DEBITS BY BANKS IN EACH REPORTING CENTER (In thousands of dollars) March 1954 DISTRICT NO. 9 - MINNEAPOLIS (Cont'd) Mont. Billings 62,579 II Butte 43,511 ft Great Falls 53,655 It Helena 31,572 N. Dak. Bismarck 20,917 II Dickinson 5,756 II Fargo 58,426 II Grand Forks 20,985 II 6,820 Jamestown It Minot 18,392 S. Dak. Aberdeen 21,521 II Sioux Falls 79,059 Wis. Eau Claire 44,137 II La Crosse 45,353 II Superior 16,147 DISTRICT NO. 10 - KANSAS CITY Colo. Colorado Springs 53,252 II Denver 872,376 II Grand Junction 22,901 II Greeley 29,244 II Pueblo 59,376 Kans. Atchison 10,983 II Dodge City 15,317 II Emporia 10,945 It Hutchinson 40,697 It Independence 9,467 II Kansas City 106,701 II Lawrence 17,154 II Manhattan 12,074 II Parsons 9,681 It Pittsburg 11,697 II Salina 41,245 II Topeka 138,604 II Wichita 380,247 Independence Mo. 16,940 II Joplin 36,763 II Kansas City 1,499,490 II St. Joseph 111,163 Fremont Neb. 22,251 II Grand Island 29,919 II Hastings 17,770 It Lincoln 119,457 It Omaha 721,747 Albuquerque N. M. 143,505 tt Santa Fe 42,084 Bartlesville Okla. 206,900 it Enid 35,766 it Guthrie 5,100 it Lawton 20,017 it Muskogee 30,188 it Norman 10,359 it Oklahoma City 505,573 n Okmulgee 8,826 it Ponca City 23,348 tt Tulsa 832,605 Casper Wyo. 55,669 II Cheyenne 36,395 March 1953 62,241 48,427 49,493 37,457 19,353 5,422 53,964 20,379 6,311 19,002 21,337 74,138 44,273 45,586 16,809 56,799 804,129 22,990 27,949 56,344 9,497 14,206 10,953 43,490 8,295 95,396 15,162 12,136 10,503 13,835 38,378 126,194 367,469 16,086 32,951 1,423,420 101,909 20,934 34,127 17,927 100,579 640,418 143,418 37,906 174,651 34,486 4,687 18,934 30,624 10,607 455,698 8,658 23,120 735,807 48,542 33,783 3 months ended — March 1954 I March 1953 179,295 127,237 157,099 89,011 61,801 17,383 164,363 61,953 19,486 55,989 61,335 230,540 111,792 122,437 45,721 174,355 147,223 146,453 104,464 58,307 17,039 170,783 64,208 20,249 57,938 63,247 225,653 113,920 120,444 49,203 174,821 2,274,190 63,674 161,049 2,239,693 60,329 87,064 160,264 28,999 45,589 34,274 143,388 28,712 282,255 44,921 35,972 82,256 160,330 32,344 45,286 32,153 121,570 27,397 283,475 48,702 35,269 30,119 34,728 113,888 357,241 1,029,652 48,627 101,868 4,004,579 316,231 65,137 84,280 48,739 320,954 2,032,006 390,325 109,039 574,693 102,678 14,990 58,090 85,509 29,321 1,378,572 24,440 67,790 2,275,078 162,421 96,594 31,687 42,135 114,495 334,321 1,019,530 47,043 98,901 3,987,621 310,808 62,631 97,997 49,364 296,065 1,849,174 401,254 101,201 559,160 108,943 15,116 58,875 87,027 31,019 1,284,888 23,895 68,024 2,190,219 140,843 98,684 G.6f DEBITS BY BANKS IN EACH REPORTING CENTER (In thousands of dollars) March 1954 DISTRICT NO. 11 - DALLAS Tucson Ariz. 110,782 Monroe La. 51,621 II Shreveport 218,245 N. M. Roswell 27,55k Tex. Abilene 57,822 ft Amarillo 133,582 II Austin 120,396 II Beaumont 128,178 II Corpus Christ! 152,109 It Corsicana 14,106 II Dallas 1,808,143 II El Paso 212,218 f t Port Worth 520,137 II 80,216 Galveston It Houston 1,859,149 II Laredo 20,694 It Lubbock 98,422 II Port Arthur 45,488 II San Angelo 40,243 II San Antonio 409,851 II Texarkana(See Ark. 17,838 II Tyler 59,716 II Waco 83,700 Wichita Falls 86,366 DISTRICT NO. 12 - SAN FRANCISCO Phoenix Ariz. 317,896 Bakersfield Calif. 108,835 II Berkeley 110,678 I I Fresno 177,434 ft Long Beach 281,545 If Los Angeles 5,112,643 I I Modesto 59,523 II Oakland 496,413 II Pasadena 166,015 II Riverside 70,644 II Sacramento 649,492 II San Bernardino 85,221 II San Diego 407,617 It San Francisco 3,514,701 I t San Jose 164,925 II Santa Barbara 57,933 Santa Rosa 26,234 Stockton 77,553 Idaho Boise 74,416 Reno Nev. 67,127 Ore. Eugene 62,843 Portland 740,606 Salem 74,163 Ogden Utah 58,174 n Salt Lake City 316,709 Wash. Bellingham 42,485 If Everett 47,104 II Seattle 1,142,779 II Spokane 218,235 II Tacoma 173,966 II Walla Walla 24,456 It Yakima 55,005 March 1953 3 months ended — March 1954 March 1953 121,062 49,664 209,288 24,894 54,440 140,173 312,462 144,243 624,938 80,123 170,786 374,802 339,481 358,808 439,104 42,168 5,218,773 614,777 1,517,258 230,249 5,109,485 61,012 333.473 133,343 114,428 1,145,035 52,410 172,635 233,085 247,167 108,850 132,952 148,796 12,977 1,610,733 232,133 517,745 78,228 1,708,497 21,973 112,924 47,178 37,369 409,491 19,023 60,220 76,905 83,689 322,683 124,481 99,465 181,988 265,401 5,180,309 62,127 567,422 153,168 65,420 775,802 78,941 387,771 3,442,797 165,043 48,294 28,195 85,894 78,213 60,745 66,534 761,697 70,073 56,743 300,920 32,782 42,366 1,053,507 954,901 347,226 299,478 551,205 781,152 13,841,809 172,923 1,394,853 465,420 198,632 2,127,991 234,769 1,138,222 9,387,713 466,829 160,190 73,417 220,927 225,135 187,094 176,681 2,026,436 4,838,165 669,450 1,551,461 229,525 4,965,858 67,790 373,579 139,478 108,661 1,151,328 58,062 172,950 221,928 253,264 1,014,843 414,549 308,901 591,166 686,848 14,163,559 178,693 1,588,343 452,286 182,847 2,025,643 231,558 1,140,079 9,223,491 455,823 144,473 82,636 244,793 258,454 184,163 195,187 2,118,833 218,896 225,689 197,573 880,549 193,653 897,141 87,646 109,022 115,361 2,942,530 212,858 589,666 179,266 27,757 486,781 70,731 149.474 51,022 348,784 150,793 605,259 77,081 156,613 410,213 320,789 397,890 447,751 41,154 112,270 2,814,184 596,625 511,156 78,232 141,599
@FedFRASER