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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) ; 6 December 15, I960 BANK DEBITS TO DEMAND DEPOSIT ACCOUNTS EXCEPT INTERBANK AND U. S. GOVERNMENT ACCOUNTS Bank debits to demand deposit accounts, except interbank and U. S. Government accounts, as reported by banks in 3 ^ leading centers for the month of November aggregated $235 billion. During the past three months debits amounted to $709 billion or 6.9 per cent above the total reported for the corresponding period a year ago. At banks in New York City there was an in- crease of 10.0 per cent compared with the corresponding three-months period a year ago; at 6 other centers the increase was 7 A per cent; and at 337 other centers it was 3*9 P e r cent. SUMMARY BY FEDERAL RESERVE DISTRICTS (In millions of dollars) Federal Reserve District November i960 November 1959 14,481 9,046 10,217 33,071 6,281 4,305 9,H7 9,419 23,115 8,828 87,836 8,968 13, 510 8,532 9,610 30,949 5,953 3,873 8,494 9,098 21,489 27,565 295,926 28,099 44,050 27,595 30,411 100,779 18,593 12,970 26,776 27,941 68,431 26,235 269,849 27,626 4l, 848 26,379 29,549 93,570 17,996 12,015 25, 584 27,624 64,953 235,183 91,020 47,577 96,587 217,139 82,273 43,810 91,055 709,136 278,087 143,053 287,996 663,227 252,860 133,153 277,214 9,596 96,992 Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco 9,5a Total, 3^4 reporting centers New York City 6 other centers* 337 other centers Three months ended November I960 1 November 1959 Adjusted for seasonal variation New York City 6 other centers* 337 other centers November i960 October i960 November 1959 ,98,791 B/49,017 E/98,391 91,870 to, 084 95,440 91,522 46,257 95,067 ANNUAL RATE OF TURNOVER OF DEMAND DEPOSITS EXCEPT INTERBANK AND U. S. GOVERNMENT DEPOSITS Without seasonal adjustment Nov. Oct. Nov. i960 I960 1959 New York City 6 other centers* 337 other centers * 411 2/26.3 59-2 34.7 25.6 Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles. Adjusted for seasonal variation Nov. Oct. Nov. i960 I960 1959 g/ Preliminary. B A M DEBITS - November i960 (In thousands of dollars) jNovember i960 November 1959 | Three months ended DISTRICT NO. 1 - BOSTON Connecticut: Hartford New Haven New London Waterbury Maine: Bangor Lewi s ton-Auburn Portland Massachusetts: Boston Brockton Fall River Holyoke Lawrence Lowell Lynn New Bedford Pittsfield Springfield Worcester New Hampshire: 1,250,765 1*1,874 89,835 150,570 1,146,933 412,549 81,690 133,537 3,696,575 1,319,505 268,312 421,126 3,472,079 1,293,463 253,948 4oi, 465 79,129 53,922 169,227 77,641 54,353 152,516 254,582 157,276 539,367 250,816 157,556 48l,320 5,242,288 io4,074 81,450 66,967 81,727 76,125 97,787 85,796 69,798 337,204 284,502 4,755,096 80,717 79,500 65,319 71,154 89,164 90,059 80,523 66,767 328,048 262,222 14,728,661 289,340 221,255 189.980 229,123 244.981 245,310 248,539 198,090 987.589 833.590 13,906,103 255,992 218,519 197,459 211,488 253,674 245,388 244,731 191,227 995,431 783,663 Concord Manchester 39,914 100,601 36,610 94,106 110,739 296,124 105,652 289,451 Rhode Island: Providence 635,058 6l4,785 1,917,369 1,856,874 Vermont: Burlington 57,416 54,752 167,925 168,262 Connecticut: Bridgeport Stamford New Jersey: Elizabeth Jersey City Montelair Newark Paterson-Passaic New York: Binghamton Buffalo Elmira Jamestown New York Poughkeepsie Rochester Schenectady Syracuse Utica DISTRICT NO. 2 - NEW YORK 294,267 151,967 257,646 136,189 853,645 446,120 820,582 413,370 247,792 610,284 62,392 1,479,331 518,908 224,954 588,239 68,193 l, 308,978 493,975 704,704 1,761,342 191,607 4,364,718 1,477,068 681,939 l, 635,106 207,887 3,968,820 1,455,502 97,454 917,804 69,088 47,718 91,019,995 97,266 699,263 104,255 424,295 149,925 89,446 902,504 63,788 47,241 82,273,073 87,105 651,853 96,221 406,347 l4o, 623 286,455 2,908,738 203,617 146,532 278,087,078 288,379 2,188,189 311,529 1,260,150 446,410 -2- 273,668 2,874,550 195,701 149,643 252,859,873 265,493 2,050,529 298,902 1,249,583 447,867 November i960 November 1959 BANK DEBITS - November 1Q60 (In thousands of dollars) Three months ended November I960 I November 1959 DISTRICT NO. 3 - PHILADELPHIA Delaware: Wilmington 824,524 690,086 2,471,695 2, 323,616 New Jersey: Atlantic City Camden Trenton 100,838 344,940 410,318 88,oo4 316,813 417,602 311,523 1,004,922 1,122,408 306,397 906,638 1,169,102 Pennsylvania: Allentown Altoona Bethlehem Chester Harrisburg Hazleton Johnstown Lancaster Lebanon Norristown Philadelphia Reading Scranton Wilkes-Barre Williamsport York 150,185 49,959 64,389 101,4l4 225,297 35,847 74,344 123,240 35,731 84,566 6,322,287 180,450 138,845 114,403 43,107 118,949 451,617 144,954 194,667 307,745 667,892 109,973 219,536 360,844 103,174 256,706 18,597,960 535,662 409,789 328,193 131,547 368,068 447,473 148,762 175,356 280,026 634,201 115,313 192,221 372,992 93,310 239,897 18, 506,857 483,009 4oo,532 312,442 127,505 390,245 217,010 444,971 208,911 422,253 145,652 51,033 55,050 90,997 206,007 40,534 66,970 120, 523 32,709 76,062 6,008,650 157,911 134,169 102,108 42,480 124,478 DISTRICT NO. 4 - CLEVELAND 73,802 149,622 66,350 l4l,988 Kentucky: Covington-Newport Lexington Ohio: Akron Canton Cincinnati Cleveland Columbus Dayton Hamilton Lima Lorain Mansfield Middletown Portsmouth Springfield Steubenville Toledo Warren Youngs town Zanesville 601,477 189,778 1,722,583 3,740,055 1,090,058 547,843 76,605 71,275 49,722 86,722 65,774 32,179 80,214 37,715 741,529 89,432 249,272 39,355 589,172 181,830 l,69k, 313 3,502,760 1,007,955 1)66,928 75,516 64,353 M,293 78,383 63,716 31,9^5 71,629 37,594 634,945 77,169 226,004 44,879 1,733,473 602,276 5,228,770 11,327,265 3,316,387 1,581,487 233,921 215,882 145,937 260,351 191,967 95,973 236,236 115,978 2,214,071 255,286 760,621 119,760 1,766,174 568,858 5,260,113 10,824,086 3,212,878 1,536,444 243,830 206,509 127,116 261,727 201,840 95,724 222,430 112,384 2,014,609 231,718 699,810 135,280 Pennsylvania: Butler Erie Franklin Greensburg Oil City Pittsburgh Sharon 54,671 153,396 10,922 37,397 25,871 4,332,984 45,480 59,493 152,054 11,892 34,345 25,748 3,984,916 40,008 173,922 467,986 33,930 ill,780 83,712 13,484,281 136,110 178,590 477,44l 33,493 99,363 78,411 12,258,063 119,340 West Virginia: Wheeling 85,479 82,874 260,238 250,170 -3- B A M DEBITS - November i960 (In thousands of dollars) November i960 DISTRICT NO. 5 - RICHMOND District of Columbia: Maryland: Washington Baltimore Cumberland Frederick Hagerstown North Carolina: Asheville Charlotte Durham Greensboro Kinston Raleigh r/ Wilmington Wilson Winston-Salem South Carolina: Charleston Columbia Greenville Spartanburg Virginia: Charlottesville Danville Lynchburg Newport News Norfolk Portsmouth Richmond Roanoke West Virginia: Bluefield Charleston Clarksburg Huntington Parkersburg Alabama: Florida: Georgia: Louisiana: Mississippi: Tennessee: November 1959 Anniston Birmingham Dothan Gadsden Mobile Montgomery Jacksonville Miami Orlando Pensacola St. Petersburg Tampa Albany Atlanta Augusta Brunswick Columbus Elberton Macon Newnan Savannah Valdosta Baton Rouge Lake Charles New Orleans Hattiesburg Jackson Meridian Vicksburg Chattanooga Khoxville Nashville Three months ended November I960 I November 1959 1,992,125 2,054,726 35,560 36,008 to, 279 96,918 573,270 120, 204 262,126 33,590 374,724 53,381 40,292 247,079 1,834,252 2,009,097 32,222 32,177 44,873 84,250 559.888 109,891 264,445 28,482 307,682 56,582 35,722 263,355 5,767,672 6,168,443 103,695 104,265 146.161 286,331 1,784,741 4o8,191 787,189 145,939 1,116,257 170,427 188,596 849,233 264,508 1,752,449 380,268 794,053 129,051 925.063 186,393 177,24i 811,878 127,101 258,252 213,803 100,094 114,590 239,021 208.889 86,639 49,334 65,144 73,094 78,405 349,251 44,399 960,385 177,577 44,306 196,948 43,945 94,654 42,224 384,935 806.162 619.347 282,376 161,816 239,143 229,675 239,901 1,351,935 147,977 3,211,177 589.348 130,199 620, 522 128,634 297,084 128,112 362,224 716,261 621,139 267,865 156,621 222,642 216,239 237,734 1,051,104 137,791 3,062,931 552,450 133,404 6l4,341 136,256 280,956 129,315 127,445 2,514, 500 111, 842 ill, 389 878,003 506,131 2,360,473 2,470,516 683,505 252,978 598,859 1,207,791 159,880 6,427,151 331,153 72,419 326,055 29,574 368,589 59,300 561,097 105,802 125,870 2,252,552 98,806 101,832 856,125 505,809 2,295,721 2,553,268 717,84i 253,854 657,919 1,205,150 161,677 5,995,385 317,419 73,908 318,129 28,581 365,646 59,334 577,650 100,870 786,266 247,571 3,892,748 107,372 882,854 138,118 63,265 946,656 704,015 2,157,128 52,119 78,865 75,790 83,058 388,972 48,746 1,004,620 198,821 46,732 217,285 42,699 97,166 43,276 DISTRICT NO. 6 - ATLANTA 4l, 308 40,159 815,829 709.483 30,982 35,845 36,487 33,493 306,712 281,726 173,880 162,291 8o4,732 761,621 879,147 877,631 236,855 232,110 83,698 81,698 208,559 222, 582 419,475 4oo, 326 54,724 52,332 2,072,649 1,899,634 113,567 102,479 23,912 24, 498 106,209 102, 526 9,078 9,799 119,079 118, 771 18,218 17,142 181,691 182.484 35,506 31,419 255,750 253,994 77,302 79,029 1,344,534 1,223,266 36,529 33, 538 324,697 284,764 46,101 44,729 23,185 20,896 317,269 308,660 24l,64o 232,623 772,517 753,619 -4- 772,823 223,722 3,996,136 ill, 427 969,700 137,791 65,211 951,780 722,849 2,195,529 5,813,030 5,898,719 101,412 100.062 145,468 November i960 November 1959 DISTRICT NO. 7 - CHICAGO Illinois: Indiana: Iowa: Michigan: Wisconsin: Aurora Blooming-ton Champaign-Urbana Chicago Danville Decatur Elgin Joliet Moline-East MolineRock Island Peoria Rockford Springfield BANK DEBITS - November I960 (In thousands of dollars) Three months ended November I960 I NovemberJL25L 83,toL 8l,ll7 89,327 17,227,833 50,676 119,753 52,161 88,481 77,753 72,774 84,674 15,900,195 46,645 121,626 46,348 83,691 250,264 250,990 267,793 53,053,090 161,325 384,545 154,962 277,920 245,809 222,707 263,316 47,990,003 155,513 390,169 149,745 270,44l 125,601 223,860 209,232 130,796 121,121 222,811 196,662 134,696 363,117 679,272 617,413 425,154 365,967 706,585 609,751 423,324 Fort Wayne Gary Hammond Indianapolis Lafayette Muncie South Bend Terre Haute 294,746 157,901 89,46o l, 309,738 92,262 96,067 212,326 92,757 287,868 121,950 86,057 1,223,874 84,339 87,721 208,594 90,028 882,152 464,880 270,082 3,859,679 289,ill 288,206 654,567 280,687 857,007 366,155 249,870 3,731,973 256,850 269,263 648,097 271,744 Burlington Cedar Rapids Clinton Davenport Des Moines £/ Dubuque Mason City Muscatine Ottumwa Sioux City Waterloo 39,6l4 148,666 30,172 130,021 582,136 74,287 51,574 18,602 41,030 210,164 110,852 37,259 138,477 28,614 123,315 593,575 71,64o 48,074 18,542 37,867 207,098 105,394 116,773 457,663 86,290 383,927 1,698,639 230,158 155,142 59,073 122,218 606,967 328,666 114,032 44o, 067 90,531 387,907 1,714,079 225,017 147,240 57,807 119,44o 624,094 317,315 Adrian Battle Creek Bay City Detroit Flint Grand Rapids Jackson Kalamazoo Lansing Muskegon Port Huron Saginaw 27,679 80,881 61,551 6,850,095 201,930 377,730 103,112 172,534 164,016 95,971 48,364 138,114 28,051 77,115 56, o4o 6,468,575 184,116 356,412 106,978 171,768 153,017 90,851 39,693 129,521 86,345 242,253 193, 111 20,74o,455 596,756 1,151, 598 316,186 534,226 502,671 309,353 143,749 425,999 90,399 246,247 184,613 19,350,725 565,835 1,114,464 320,958 518,350 491,137 283,559 130,394 403,321 Green Bay Kenosha Madison £/ Manitowoc Milwaukee Oshkosh Racine Sheboygan 98,496 70,598 204,470 36,025 1,857,528 4o, 171 102,107 75,4l4 92,877 68,232 190,106 33,296 1,779,628 42,420 99,324 71,499 297,254 210,284 625,090 106,562 5,503,064 124,801 318,914 229,278 291,586 202,829 587,915 101,618 5,338,225 129,274 306,605 229,760 r/ Revised figures: 208,477. Des Moines, l o w : October i960, 564,056. Madison, Wisconsin: October i960, -5- B A M DEBITS - November i960 (In thousands of dollars j~ November i960 Three months ended November 1959 | November I960 I November 1959 DISTRICT NO. 8 - ST. LOUIS Arkansas: El Dorado Fort Smith Helena Little Rock Pine Bluff Texarkana (Also see Texas, p. 8) 30,715 65,384 l4,192 254,866 87,804 28,525 61,400 17,674 238,889 82,236 96,009 200,169 42,692 755,428 229,102 92,522 191,688 59,109 754,105 238,712 29,337 25,199 88,807 82,512 Alton E. St. Louis & Nat'l. Stock Yards Quincy 44,344 43,208 133,028 138,000 142,657 52,044 143,161 56,088 429,806 158,632 427,513 157,196 Indiana: Evansville 186,134 173,637 569,756 515,321 Kentucky: Louisville Owensboro Paducah 907,245 54,674 39,798 929,486 53,572 36,213 2,773,018 171,001 117,272 2,791,558 167,964 110,671 Mississippi: Greenville 48,262 45,634 124,989 128,599 Missouri: Cape Girardeau Hannibal Jefferson City St. Louis Sedalia Springfield 22,333 13,666 127,440 2,750,277 19,650 116,428 21,133 13,517 130,175 2, 526, 591 18,765 114,360 67,852 41,603 385,oo4 8, 385,461 59,932 360,258 66,221 40,301 389,836 7,900,696 57,430 363,654 Tennessee: Jackson Memphis 43,653 1,230,081 42,025 1.151,380 120,761 3,282,513 113,848 3.208.407 Illinois: DISTRICT NO. 9 - MINNEAPOLIS 175,367 42,912 2,163,006 8,795 62,054 30,776 859,458 98,403 24,773 153,254 38, 581 1,936,210 8,612 49,059 27,711 780,165 95,241 21,898 544,431 130,220 6,525,246 27,536 176,513 93,202 2,629,436 287,936 72,054 477,184 111,522 5,965,982 26,167 161,582 83,845 2,480,297 277,681 64,458 Billings Butte Great Falls Helena 107,538 56,615 88,764 57,628 107,523 46,434 77,879 45,436 311,260 174,183 261,015 162,491 320,330 150,4l8 242,589 i4o,586 North Dakota: Bismarck Dickinson Fargo Grand Forks Jamestown Minot 32,158 14,503 99,330 38,657 12,062 38,151 30,985 12,156 93,152 32,919 10,955 34,882 99,065 41,002 296,457 108,068 38,298 118,950 96,162 38,085 286,172 99,502 36,082 107,495 South Dakota: Aberdeen Sioux Falls 30,257 125,499 26,603 118,180 85,686 372,757 82,895 378,170 Wisconsin: Eau Claire La Crosse Superior 51,134 65,860 21,443 46,913 60,683 17,246 160,238 187,598 65,912 147,732 179,824 60,037 Minnesota: Duluth Mankato Minneapolis Red Wing Rochester St. Cloud St. Paul South St. Paul Winona Montana: -6 November i960 November 1 1 DISTRICT NO. 10 - KANSAS CITY Colorado: Colorado Springs Denver Grand Junction GreeleyPueblo BANK DEBITS - November i960 (In thousands of dollar s T I Three months ended I November I960 | November 1959" 99,991 1,530,317 38,783 62,198 82,846 103,745 1,343,548 35,558 45,989 78,372 312,073 4,537,393 117,355 183,332 245,884 4,089,243 111,877 151,850 234,231 328,166 Kansas: Atchison Dodge City Emporia Hutchinson Independence Kansas City Lawrence Manhattan Parsons Pittsburg Salina Topeka Wichita 14,788 24,376 21,665 55,048 12,336 131,717 22,635 17,700 11,865 19.801 62,445 199,140 415,600 14,397 20,830 20,651 51,868 11,099 126,863 21,124 18,078 10,600 18,710 55,932 169,470 432,0l4 46,798 67,726 63,747 166,4i8 35,8o4 387,700 69,886 57,445 35,420 60,651 184,482 609,712 1,286,249 47,047 69,464 63,585 156,100 34,360 394,961 67,830 60,121 33,436 59,754 168,835 532,659 l, 317,447 Missouri: Independence Joplin Kansas City St. Joseph 24,122 43,804 1,928,873 136,437 22,518 44,275 1,830,515 132,993 71,263 133,067 5,870,576 402,769 68,676 135,407 5,581,386 412.833 Nebraska: Fremont Grand Island Hastings Lincoln Omaha 28,051 37,194 24,101 205,393 884,348 24,807 31,572 24,459 177,099 833,493 85,900 108,066 73,395 588,632 2,64o, 904 79,710 105,197 73,506 519,355 2,552,679 New Mexico: Albuquerque Santa Fe 277,560 54,422 278,678 51,294 833,160 165,369 Oklahoma: 852,471 179,779 Bartlesville Enid Guthrie Lawton Muskogee Norman Oklahoma City Okmulgee Ponca City Tulsa 298,782 52,492 31,129 42,253 17,174 755,564 9,755 29,806 1,093,584 981,568 168,853 17,935 96,878 123,996 56,043 2,082,029 28,921 84,286 3,268, i4i 863.834 155,216 19,489 96,732 122,995 54,729 2,169,059 28,193 88,791 3,096,482 70,521 56,469 223,745 202,330 221,231 185,162 Wyoming: Casper Cheyenne 337,911 54,680 6,058 32.802 43,4oi 18, ift)4 730,886 10,838 28,200 1,248,365 74,388 63,031 -7- 5,881 B A M DEBITS - November i960 (In thous^ nds of dollars) November i960 D3iSTRICT NO. 11 November 1959 November I960 I November 1959 DALLAS Arizona: Tucson 224,725 220.691 665,883 664,484 Louisiana: Monroe Shreveport 84,740 332,527 83,218 301,337 248,726 979,127 24l, 575 924,509 New Mexico: Roswell 45,155 42, 531 132,412 123,731 Texas: Abilene Amarillo Austin Beaumont Corpus Christ! Corsicana Dallas El Paso Fort Worth Galveston Houston Laredo Lubbock Port Arthur San Angelo San Antonio Texarkana (Also see Arkansas, p. 6) Tyler Waco Wichita Falls 105,317 225,255 205,903 162,704 189,095 15,981 2,863,600 354,966 737,730 86,241 2,510,670 26, 021 244, 347 60,906 51,191 570,544 97,282 233,034 203,7^0 148,522 17^,639 17,425 2,683,062 370.692 732,206 90,602 2,409,053 26,468 255,712 58,584 52,231 574,743 302,664 664,586 613,129 472,453 561,181 54,058 8,359,741 1,014,699 2,264,775 258,937 7,554,553 79,528 634,477 189,622 162,166 1,754,840 299,280 688,588 615,329 468,407 564,44o 52,912 7,898,807 1,081,713 2,287,446 278,066 7,527,432 80,185 668,901 188,004 167,076 1,784, 597 22,246 83,720 102,095 113,084 20,842 81,880 98,977 120,068 69,293 249,283 319,503 335,253 65,089 250,498 340,478 362,352 2,218,244 1,872,224 520,932 427,167 986,792 1,035,256 19,472,181 293,244 2,410,816 697,500 352,886 3,816,697 387,331 2,631,731 13,926,857 1,168,6l4 274,082 174,126 44i, 732 DISTRICT NO. 12 - SAN FRANCISCO Arizona: Phoenix California: Baker.sf ield Berkeley Fresno Long Beach Los Angeles Modesto Oakland Pasadena Riverside Sacramento San Bernardino San Diego San Francisco San Jose Santa Barbara Santa Rosa Stockton 773,826 632,220 233,024 155,544 386,502 330,877 6,953,255 109,677 712,599 242,305 120,438 1,665,315 l4l, 898 892,050 4,981,001 397,143 226,316 145,213 383,056 334,821 6,195,061 91,620 825,005 230,245 112,631 1,513,792 125,396 893,022 4,482,746 376,241 58,468 163,237 56,790 l4l, 072 543,814 457,809 1,016,495 1,003,457 20,762,744 328,644 2,384,265 693,078 351,770 4,133,318 4o4,697 2,708,771 15,170,513 1,231,723 270,871 177,811 459,285 88,118 86,251 Idaho: Boise 139,676 134,704 408.103 406,982 Nevada: Reno 124,573 113,627 372,050 340,366 Oregon: Eugene Portland Salem 109,476 1,203,161 134,134 90,854 1,254,956 152,304 321,055 3,602,900 406,755 297,534 3,684,445 430,206 Utah: Ogden Salt Lake City 106,468 574,416 112,495 548,953 315,986 1,654,315 313,232 l, 638,431 Washington: Bellingham Everett Seattle Spokane Tacoma Walla Walla Yakima 132,725 185.104 4,791,350 914,707 688,560 107,866 212,422 127,530 187,821 4,721,100 883,096 686,763 108,113 237,650 40,688 58,675 1,577,815 303,120 232,756 35,065 69,375 - 8 - 39,626 60,8i4 l, 529,901 277,236 210,955 33,901 77,438
@FedFRASER