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MAR 6 I THE. AUTHOR PB.ES;:> STATEMENT. GRATIS The Federal Reserve Board has undertaken the preparation cf periodical statis tics of the volume cf the nation's banking business. This service has been fur nished heretofore by the Clearing House Section of the American Bankers Association, that organization publishing figures compiled from reports by son® 31 clearing house associations. There are, however, about 250 such associations in the United States and efforts are being trade by the Board to enlist cooperation by all of them, The figures heretofore published by the clearing houses themselves and by some of the financial weeklies were simply those of checks cleared, and these naturally can not give as complete a picture of the situation as figures showing all debits to deposit accounts. It is, of course, impossible to estimate the number of busi ness concerns in the country that use the facilities of the same bank and whose checks are cleared on the books cf the same bank. The custom prevails in many large industrial centers of drawing one "cash” check for the entire payroll of a plant, Such checks do not, cf course, reach the clearing house and, as a rule, the employ es receiving the proceeds of those checks do not maintain checking accounts. In inaugurating its service the Board has, therefore, requested all clearing house managers to telegraph each week figures showing total amounts cf debits to deposit accounts, including all checks paid during the week by member banks cf their respective clearing houses, and it is expected that the uniform method adopted will reflect more accurately not only the velum® cf banking business done, but the relative importance of each clearing house city. Today’ s statement, being the first, is necessarily incomplete, comprising returns made by about 100 clearing houses only, but as the plan and its purpose become better understood, it is be lieved that within a few weeks the Beard's tabulation will furnish a mere reliable index cf the volume of banking business. Comparisons will be made each week with the preceding week, and at the end of twelve months, with the corresponding week of the previous year, Today's figures include transactions from Thursday, August^ 15 to Wednesday, August 21, inclusive, compared with figures for the week from Friday, August 9 to Thursday, August 15, inclusive. In the future, reports will cover the week ending Wednesday, so as to avoid conflict with the reports obtained by the American Bankers Association* Figures by Federal Reserve districts are as follows (in thousands cf dollars, i .e ., OOO’ s omitted): rJ„ :Debits to Individual Account : Debits to Banks' and Bankers' Account________ i'-o :_________________________________ : _________________________ : August 15 ; August 21 ; August 15______ ; August .21 1. BOSTON 373 2,703 Bangor 202, 200 181,985 201,271 Boston 227,842 1 39 363 7,691 Fall River 7,683 79 45 2,686 2,910 Holyoke 446 5,447 (a) 5,621 Lowell 123 147 "Hew Bedford 5,600 5,423 375 893 16,330 16,975 New Haven 1,917 26,756 1.,793 Providence 29; 551 261 11,916 Springfield (a) 11,965 39 2 614 7,426 Waterbury 18,663 1.600 14,894 iL>699, Worcester 3.4.883 ■J ’ .. Total 2. NEW YORK Albany Binghamton Buffalo Montclair New York Orange Passaic Rochester Total 187,564 to o -3 k 1922 ,779 341,298 302,944 16,091 2,719 53,907 1,257 2,702,736 942 4,787 23.747 17,312 2,702 54,697 1,163 2,788,004 1,072 3,214 - 21*621 6,698 411,133 84 1,276,512 298 454 11,,944 90 1,422;, 560 * 159 ,394, 2,806,186 2,889,785 1,295,179 1,445 ,149 10;,002 * X-1149a rDebits to Individual Account r Debits to Banks* _____ ,____________________ : and Bankers1 Account __________________________ : August 15______ : August 21 : August 15 : August 21 3. PHILADELPHIA . Altoona -• 2,468 1,993 Chester 4,661 30 Lancaster 4,183 34 4,013, .... Lebanon 1,479 2,050 Norristown 1,131 277,272 Philadelphia 246,881 227,922 261,792 Reading 7,062 6,335 . ~ . Scranton 12,881 10,963 Wilkes Barre 6,019 5,937 Williamsport 2 2,730 22 2,957 York '7 2 2, 617 2,817 38 Wilmington 3.071 * - - - •• - - Total 286,150 274,020 261,886 277,376 CLEVELAND Cftlttmbue Cincinnati Dayton Erie Toledo Youngstovm 52,796 6,113 5,827 19,690 13,991 22,423 54,619 10,133 5,250 19,677 11.406 35,923 527 45 8,305 113 3,031 38,971 510 104 6,767 41 Total 98,417 223,503 ' 44,913 49,434 79,850 23.399 39,299 46.305 39,085 58.661 103,249 85,604 97,746 RICHMOND Baltimore Richmond Total 6. ATLANTA Atlanta Augusta Birmingham Chattanooga Jacksonville Knoxville Macon Mobile Montgome ry Nashville New Orleans Pensacola Savannah Tampa Vicksburg Total 75,720 _24.a,.6,5.2 100,372 5,481 10,895 7,591 9,302 13,341 40,187 3,450 90,247 20,748 5,970 12,878 7,732 8,205 3,891 6,029 4,943 3,173 17,558 47,786 1,574 10, 597 3,196 1*039 155,319 582 2,402 3,529 4,643 16,761 25,602 1,545 55,064 17, 753 527 2,706 3,188 5,017 1,276 1,851 646 100 8,606 28,637 801 2,396 1,949 64 75,522 .... ... X-1149U 7. CHICAGO Ann Arbor Aurora, 111, Bloomington, 111 . Cedar Rapids Chicago Danville, 111 . Danvenport Decatur, 111 , Des Moines Detroit Dubuque Flint Fort Wayne Grand Rapids Gary Hammond, Ind, Indianapolis Jackson, Mich. Kalamazo o Lansing Mason City, Iowa Milwaukee l&xncie, Ind. Muscatine, Iowa Oshkosh Peoria Rockford, 111 . Sioux City, Iowa South Bend Springfield, 111 , Waterloo, Iowa Total :Debits +.o Tndividual Account : Debits to Banks' :_____________________;____________ ; and Bankers' Account ; August 15 : August 21 : August 15 ♦ . August 21 (a) 1,010 2,246 2,239 (a) 2,175 5.) 1 ,001,495 1,194 (a) 2,241 3,363 (a) 43,142 107,532 (a) (a) (a) (a) 3,237 6,189 15,249 1,304 (a) (a) 31,609 2,585 3,321 (a) 1,543 46,975 2,041 865 1,557 9,292 3,988 2,123 4,205 (a) 3.930 (a) (a) (a) (a) S 20 2,147 (a)ll,643 525,567 852 951 547,114 71 4,070 3,362 (a) 44,809 112,125 (a) 2,641 (a) 5,343 (a) 6,545 (a) 18,579 1,670 29,780 (a) 2,681 (a) 3,227 3,250 45,511 684 3,838 472 33,323 44,753 19,000 93 25,197 168 153 27,807 27,093 9,188 4,365 1,429 4,456 3,848 2 f867 1,794 849,103 87,013 653,734 423 195 3,662 993 4,576 22,785 1,274 1,457 128,537 7 10 2,652 165 4,137 12,726 176 741 187 16,365 11,945 161 1,130 136,006 (a) 1,772 124 348 3,210 932 978 8 . ST. LOUIS Bowling Green, Ky. Brookfield, Mo, Evansville Jacksonville, 111 . Little Rock Louisville Owensboro, Ky. Pine Bluff, Ark. St. Louis Texarkana, Ark. Total 9. MINNEAPOLIS Aberdeen Bismarck Duluth Helena Minneapolis St. Paul Total 597 4,300 1,173 3,125 26,431 1,280 123,873 840 2 143,664 624 161,619 163,902 164,151 903 70 2,256 1,614 420 14,207 1,012 1,688 76,602 27.525 109,044 88,388 „38jl.?5„2 132,981 : 166,547 1,490 364 4,068 380 2,840 2,709 80,070 30,720 95,298 33.127 117,731 134,347 X-1149c Debits to Individual Account Aueust 15 10, KANSAS CITY Atchison Bartlesville,Okla. Colorado Springs Denver Emporia, Kans* Fremont, Nebr% Grand Island,Nebr, Guthrie, Kans, Joplin Kansas City, Kans. Kansas City^ Mo, Lawrence Lawton, Kans. MacAlester, Okla. Miskogee, Okla. Nebraska City Oklahoma City Omaha Pittsburg, Kana. Pueblo Joseph Topeka Tulsa Wichita Total 11. DALLAS Austin Beaumont Dallas El Paso Fort Worth Galveston Houston Shreveport Texarkana Waco Total 12. SAN FRANCISCO Bakersfield Fresno Long Beach Los Angeles Oakland Pasadena Portland Salt Lai© City San Diego Seattle Spokane Tacoma Yakima Total (a) 2,562 2,430 (a) 2,404 21,194 1,304 1,021 919 3,821 3, 685 102,978 1,901 993 2,800 455 12,085 56,636 3,120 (ft) 4,225 (a)41,555 (a )lO ,668 ; Aueust 21 1,688 2,524 2,514 22,378 1,181 745 901 554 3,857 3,516 98,458 982 (a) 245 1,008 2,255 409 12,046 56,320 1,033 2,330 13,288 3,674 (a) 23,606 376,756 255,402 (a)l2,133 3,295 17,239 4,506 19,955 1,211 1,417 3.242 (a) 11,484 3,737 32,104 4,030 12,795 8,833 22,741 3,822 1,741 _.iu_§42 62,997 1,273 4,994 2,000 Debits to Banks i and Bankers' Account Aueust 15 ! Aueust 21 214 15,322 11 645 115 412 6,264 208,293 522 750 1,162 193 11,145 52,522 979 999 381 1,296 16,082 10 809 132 303 481 5,006 191,024 329 67 2 1,668 103 10,231 47,539 15 972 16,858 1,103 298, 549 296,013 * 279 31,878 3,076 46,442 571 168 1.601 273 37,620 5,857 26,315 5,129 58,690 2,480 803 2,346 104,129 84,015 139,513 26 1,127 50 .1^379 1,395 4,372 1,908 44,548 10,559 1,856 35,146 11,638 4,400 48,774 8,631 10,801 1.555 112 11 573 65 17,825 2 , 64C 122 30,222 12,498 354 17,729 8,326 3,707 149 128,629 185,583 60,100 84,221 (a)ll,932 2,024 35,816 13,613 5,473 40,934 9,191 141 20,146 13,229 172 17,151 7,946 X-11494 Recapitulation showing Figures for Clearing House Centers Reporting Beth Weeks. jNumber of; Debits to Individual Account} Debits tc Banks’ and Bankers* Account District * c e n t e r s ; _________________________ ; -- ------yifleluded : August 15__________August 21 : August 15_______ August 21 1 . 2. 3, 4, 5, 6. 7. 8. 9. 10, 11. 12. Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco 10 8 9 5 2 7 19 7 5 19 8 11 341,298 2,806,186 286,150 $8,417 100,372 90,247 1,294,890 160,779 107,356 266,088 62,997 128.629 300,241 2,889,785 265,157 101,085 103,249 103,325 837,694 162,250 132,981 255,402 87,304 __13.5U.&34 110 5,743,409 5,369,707 f Grand Total 187,564 1,295,179 261,886 44,913 85,604 55,064 86,769 163,527 115,022 298,549 84,015 ___________ 6 Q J - .Q Q . 2,738,192 207,406 1,445,149 277,376 46,393 97,746 50,630 652,541 165,415 134,347 296,013 107,341 62.689 3,543,046 NOTE} Large difference between Chicago figures for the two dates is due to the fact that figures for the earlier week are not divided between debits to indi vidual account and debits to banks’ and bankers* account, the total debits to both individual and bank accounts bein^ shown in the column headed "Debits to individual account." (a) Figures comprise debits to both individual account as well as to banks1 and bankers’ account.
@FedFRASER