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.mm.. FEDERAL •<% R E § £ ft V £ * * • % 4 f statistical BANK DEBITS AND DEPOSIT TURNOVER # W release For Immediate release February 19, 1965 Bank debits to demand deposit accounts except interbank and U. S. Government accounts for the month of January, reported by banks in 225 Standard Metropolitan Statistical Areas, were $4,654 billion at a seasonally adjusted annual rate. This is 3 p e r cent lower than the previous month and 3*7 per cent higher than January 1964. New York City banks reported a decrease of 3 *5 per cent from December 1964 and an increase of 1.4 per cent from January a year ago. The 6 other cities classification reported a 3.9 per cent decrease from December 1964 and a 3-4 per cent increase from January of last year. CIJ J) V -• Finally at 218 centers, excluding the 7 leading centers, banks reported a decrease of 2.9 per cent from December and an increase of 6.7 per cent when compared to January 1964. H TOTAL 225 CENTERS D E B I T S TO D E M A N D D E P O S I T A C C O U N T S (IN B I L L I O N S OF DOLLARS) TOTAL 224 LEADING C E N T E R S CENTERS (EXCLUDES NY) 6 OTHERS* NYC T U R N O V E R OF D E M A N D D E P O S I T S 218 OTHER CENTERS SEASONALLY TOTAL 225 CENTERS ADJUSTED ANNUAL LEADING CENTERS NYC 6 OTHERS* TOTAL 224 r M T1f cPKCo ciN LC (EXCLUDES NY) 218 CENTERS RATES 1964 JANUARY FEBRUARY MARCH APRIL MAY JUNE JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER 4,486.3 4,358.9 4,419.4 4,602.7 4,541.6 4,535.1 4,833.5 4,579.7 4,762.9 4,698.2 4,647.9 4,816.3 1,915.0 1,768.9 1,822.2 1,909.2 1,853.6 1,928.0 2,087.0 1,898.2 2,007.6 1,926.7 1,917.7 2,013.0 989.6 986.3 999.5 1,038.4 1,030.0 992.5 1,058.9 1,021.3 1,049.5 1,060.6 1,023.7 1,065.4 2,571.3 2,590.0 2,597.0 2,693.5 2,688.0 2,607.1 2,746.5 2,681.5 2,755.1 2,771.5 2,730.0 2,803.3 1,581.7 1,603.7 1,597.5 1,655.1 1,658.0 1,614.6 1,687.6 1,660.2 1,705.6 1,710.9 1,706.3 1,737.9 44.6 43.5 43.6 45.2 45.4 44.9 47.1 44.2 45.4 44.8 44.2 45.8 90.6 84.6 86.4 89.6 89.6 92.9 98.2 88.1 91.6 88.8 88.3 92.0 41.4 41.1 40.9 42.3 42.7 40.9 42.9 41.1 41.8 41.9 40.3 42.2 32.4 32.6 32.6 33.3 33.8 32.7 33.8 32.8 33.3 33.3 32.8 33.6 28.5 29.0 28.6 29.6 30.0 28.9 29.8 29.0 29.5 29.6 29.4 30.0 1965 JANUARY 4,654.0 1,942.2 1,023.5 2,711.8 1,688.3 43.3 90.4 41.1 32.1 27.6 * B O S T O N , P H I L A D E L P H I A , C H I C A G O , D E T R O I T , S A N F R A N C I S C O , AND LOS A N G E L E S BANK D E B I T S - J A N U A R Y 1965 U N M I L L I O N S OF D O L L A R S ) DISTRICT NO. 1 BOSTON CONNECTICUT HARTFORD NEW HAVEN NEW L O N D O N - G R O T O N - N O R W I C H WATERBURY MAINE BANGOR* LEWISTON-AUBURN PORTLAND MASSACHUSETTES NEW BOSTON BROCKTON FALL RIVER LAWRENCE-HAVERHILL LOWELL HAMPSHIRE RHODE D E B I T S TO D E M A N D D E P O S I T S JANUARY 1965 PER C E N T C H A N G E F R W M O N T H A G O J YEAR AGO SEASONALLY ADJUSTED ANNUAL RATES ISLAND 2 - 908.7 -10.7 NEW NO. 1 TOTAL WILMINGTON NEW ATLANTIC TRENTON PENNSYLVANIA CITY ONLY NO. 2 TOTAL 5.317.8 3.182.9 -8.9 -5.5 10,227.9 40,246.8 -12.6 15.968.5 + 9.2 -7.4 3,138.3 23.442.6 1,942,161.7 14.309.7 9.169.0 2.968.1 -2.7 +5.0 -3.5 -10.3 -10.0 — 5.6 2,070,133.4 -3.7 22,485.7 -5.3 1,880.1 CITY 8,591.8 — 6.8 + 6.2 -8.1 ALTOONA HARRISBURG JOHNSTOWN LANCASTER LEBANON* LEHIGH VALLEY 988.2 4,514.8 1.347.8 3,320.4 498.9 4.727.9 PHILADELPHIA READING SCRANTON WILKES-BARRE WILLIAMSPORT* YORK 124,847.0 3,613.4 2,400.0 2,573.2 684.1 3,427.4 -9.5 -16.4 185,900.6 -8.2 DISTRICT * — 1.8 PHILADELPHIA DELAWARE JERSEY 176,134.1 + .3 -4.4 + 1.3 YORK DISTRICT 3 - -10.1 -8.8 -7.5 BINGHAMPTON BUFFALO NEW YORK ROCHESTER SYRACUSE UTICA-ROME NO. 1,208.0 + .6 12,496.0 JERSEY CITY NEWARK PATERSON-CLIFTON-PASSAIC DISTRICT -2.5 -11.5 -5.4 -4.0 + 2.6 -1.5 -7.4 NEW YORK 99,430.8 1,434.1 933.2 2,046.0 1,333.5 610.8 BRIDGEPORT STAMFORD NEW -1.5 1,447.4 CONNECTICUT JERSEY -5.2 792.2 678.4 CONCORD* MANCHESTER BURLINGTON* NO. -10.2 925.6 6,712.4 4,779.9 DISTRICT DISTRICT + 8.4 -5.5 NEW B E D F O R D PITTSFIELD SPRINGFIELD-CHICOPEE-HOLYOKE WORCESTER PROVIDENCE-PAWTUCKET VERMONT 27,029.7 6,422.7 1,878.0 2,453.3 NO.3 TOTAL -3.0 -26.4 -8.4 -8.8 -7.6 -6.0 + 2.9 -12.7 -11.0 For immediate release February 19, 1965 REVISION OF BANK DEBITS AND DEPOSIT TURNOVER SERIES This release presents the monthly bank debits series in a revised format. This is the first major revision in the series since March 1953. One improvement in the series is the expansion of the geographical limits of the reporting centers from the city to the Standard Metropolitan Statistical Area. The revised series covers 225 SMSA's rather than the 344 reporting centers included in the old series. In the change of reporting areas, coverage of demand deposit accounts as a percentage of aggregate demand deposits at all banks in the United States has been increased by about 2 per cent. Within the 225 SMSA's the reporting banks hold over 90 per cent of the demand deposits in those areas. Debits of nonreporting banks are estimated for each area and included in published totals. Another improvement is that the series will be reported at annual rates adjusted for seasonal variations and for differences in trading days in each month. This change will permit comparability with other economic indicators that are shown on an annual basis, such as gross national product. As before, the revised debits series reflects the extent to which depositors are using their checking accounts. The series includes only debits to demand deposit accounts of individuals, partnerships, and corporations and of States and political subdivisions, and it excludes debits to U. S. Government, interbank and all time deposit accounts. The annual debits release (C.5) for 1964 will be published in two forms—on the old basis and on the revised basis. These will be available approximately March 15. An article describing the revision of the series in greater detail will appear in the March 1965 Federal Reserve Bulletin. I > BANK D E B I T S - J A N U A R Y 1965 (IN M I L L I O N S OF D O L L A R S ) DEBITS TO JANUARY 1965 V DISTRICT NO. 4 - CLEVELAND KENTUCKY LEXINGTON OHIO 2,745.3 — 3.6 -10.0 AKRON CANTON CINCINNATI CLEVELAND COLUMBUS 9,790.2 3,700.0 27,554.0 60,446.6 21,153.2 -15.5 -8.1 -5.0 -6.9 + 1.8 + 2.7 + 8.7 + .9 +4.4 + 18.5 DAYTON HAMILTON-MIDDLETOWN LIMA LORAIN-ELYRIA SPRINGFIELD 10,500.6 1,947.1 1,225.2 1,467.2 1,440.2 -5.8 -14.5 -3.5 -5.8 -4.5 + 3.6 + 3.2 + 2.8 +7.7 + .2 1,210.3 11,434.5 5,298.0 -5.4 -12.0 -13.4 + 11.8 -12.6 + 11.0 2,786.3 82,794.1 -11.2 -.3 + 5.5 -.0 1,961.3 — 8.8 + 10.3 247,454.1 -4.7 +2.6 49,654.4 -9.8 + 9.4 — 6.8 +9.0 -.6 -.9 -2.4 -4.1 -16.4 + 8.4 + 12.3 + 13.3 + 5.7 + 10.1 + 10.9 + 15.8 3,029.3 5,188.1 3,776.3 -1.7 +4.1 + 1.4 +39.4 +7.9 + 5.1 1,333.2 2,273.9 7,173.1 19,366.5 2,925.4 -10.2 — 6.3 -7.9 + 2.4 -7.5 + 9.0 +13.6 + 10.7 +27.2 +6.9 3,958.1 2,837.9 + .6 -1.5 + 12.1 + 10.2 170,314.3 -5.4 + 12.1 V • - STEUBENVILLE-WEIRTON» TOLEDO YOUNGSTOWN PENNSYLVANIA ERIE PITTSBURGH WEST WHEELING VIRGINIA DISTRICT > DISTRICT NO. 5 - D I S T R I C T OF COLUMBIA NORTH SOUTH TOTAL RICHMOND 34,491.9 BALTIMORE CAROLINA ASHEVILLE CHAROLETTE DURHAM GREENSBORO-HIGH RALEIGH WINSTON-SALEM POINT CHARLESTON COLUMBIA GREENVILLE CAROLINA iv VIRGINIA LYNCHBURG NEWPORT NEWS-HAMPTON NORFOLK-PORTSMOUTH RICHMOND ROANOKE WEST CHARLESTON HUNTINGTON-ASHLAND, ir > VIRGINIA w > NO. 4 DISTRICT DISTRICT W. V A . WASHINGTON MARYLAND i SEASONALLY NO. DEMAND DEPOSITS PER C E N T C H A N G E F R O M MONTH AGO |1 Y E A R A G O ADJUSTED ANNUAL RATES 6 - NO. 5 KY. TOTAL 1,669.3 11,724.7 1,939.3 5,474.9 6,848.8 6,649.1 j 1 ATLANTA ALABAMA BIRMINGHAM GADSDEN HUNTSVILLE MOBILE MONTGOMERY TUSCALOOSA 13,892.4 679.5 1,985.5 5,432.8 2,908.7 905.4 -.5 -8.8 + 3.9 + 20.3 -7.9 -8.5 + 12.0 + 10.9 +9.3 + 15.2 + 2.6 + 1.8 FLORIDA FT. LAUDERDALE-HOLLYWOOD JACKSONVILLE MIAMI ORLANDO PENSACOLA TAMPA-ST. PETERSBURG WEST PALM BEACH 5,676.3 17,150.1 19,839.3 4,864.3 2,170.9 12,658.8 4,234.7 + 1.2 + 3.1 -4.7 -9.0 — 5.6 + 2.0 -.0 -.6 + 13.2 +8.3 -2.5 +21.4 + 11.9 + 13.2 ! >> k y BANK DEBITS - J A N U A R Y 1965 (IN M I L L I O N S O F D O L L A R S ) DEBITS TO JANUARY 1965 DISTRICT NO. 6 - CONTINUED SEASONALLY DEMAND DEPOSITS PER C E N T C H A N G E F R C W T MONTH AGO I YEAR AGO ADJUSTED ANNUAL RATES GEORGIA ALBANY ATLANTA AUGUSTA COLUMBUS MACON SAVANNAH 1,006.1 42,848.1 2,009.2 2,364.1 2,332.5 2,655.2 +4.0 +4.0 -18.1 +4.1 -2.8 -5.5 + 17.7 + 15.2 + 10.2 +20.9 + 13.5 + 5.5 LOUISIANA BATON ROUGE LAFAYETTE LAKE CHARLES NEW O R L E A N S 5,015.1 1,107.7 1,204.8 24,581.7 + 2.5 -1.6 + 1.7 + 6.0 +21.2 + 11.9 -1.3 + 15.8 MISSISSIPPI JACKSON 5,833.2 + 1.2 +7.9 TENNESSEE CHATTANOOGA KNOXVILLE NASHVILLE 5,457.4 4,419.6 13,093.4 — 3.5 +4.6 + 4.8 + 12.5 + 6.7 +6.3 206,326.7 + 1.5 + 11.5 1,714.9 341,721.9 2,328.3 4,807.3 4,967.8 3,293.5 2,239.4 -1.0 -3.3 + 8.3 -4.2 — .4 -8.9 -6.9 + 8.1 +3.0 + 26.3 +4.5 + 2.6 + 3.1 -1.6 DISTRICT DISTRICT NO. 7 - NO. 6 TOTALS CHICAGO ILLINOIS CHAMPAIGN—URBANA CHICAGO DECATUR PEORIA QUAD CITIES ROCKFORD SPRINGFIELD INDIANA FORT WAYNE GARY-HAMMOND INDIANAPOLIS MUNCIE SOUTH BEND TERRE HAUTE 4,872.6 5,467.2 21,051.5 1,479.3 4,163.2 1,641.9 -8.1 -2.1 — 16.6 -12.4 -1.9 -12.7 + 7.6 +4.5 + .2 — .8 -7.1 -11.2 IOWA CEDAR RAPIDS DES MOINES DUBUQUE SIOUX CITY WATERLOO 2,495.1 9,992.8 1,148.6 2,529.5 1,725.9 -3.8 -1.2 + 7.4 -4.8 + 3.3 + 1.5 — 1.8 +7.0 -7.4 + 1.3 MICHIGAN ANN ARBOR BAY CITY DETROIT FLINT GRAND RAPIDS 2,117.0 865.5 125,318.6 3,990.5 6,819.6 -14.7 -20.1 -9.5 + 15.0 -11.9 + 8.4 + .9 -.0 + 18.9 +5.6 JACKSON KALAMAZOO LANSING MUSKEGON SAGINAW 1,743.7 2,558.7 3,660.3 1,348.9 2,608.0 -10.8 -9.0 -5.7 -14.3 -.9 + 12.6 +6.4 +3.4 +7.6 + 8.4 GREEN BAY KENOSHA MADISON MILWAUKEE RACINE 1,773.0 982.9 3,514.7 35,370.5 2,058.7 -8.5 -3.5 -5.4 -3.5 -4.4 + 10.5 -4.5 -6.9 — .4 + 6.2 612,371.3 -5.3 + 2.1 WISCONSIN DISTRICT NO. 7 TOTAL BANK D E B I T S - J A N U A R Y 1 9 6 5 (IN M I L L I O N S O F D O L L A R S ) > DEBITS TO JANUARY 1965 y DISTRICT > NO. 8 - ST. LOUIS SEASONALLY ARKANSAS EL D O R A D O * FORT SMITH HELENA* LITTLE ROCK PINE BLUFF TEXARKANA ILLINOIS QUINCY* INDIANA EVANSVILLE KENTUCKY LOUISVILLE OWENSBORO* PADUCAH* MISSISSIPPI GREENVILLE* MISSOURI TENNESSEE NO. 9 - + 5.0 — 10.6 •23.7 + 2.4 + 11.6 + 1.2 + 14.7 -7.4 +31.9 + 8.8 +7.1 — .4 787.9 -2.5 +7.5 3,508.2 + .1 + 11.1 17,234.7 988.7 632.6 + 5.4 +4.9 -.5 +9.8 + 12.6 +5.4 618.8 + 14.0 + 7.1 CAPE GIRARDEAU* HANNIBAL* ST. LOUIS SEDALIA* SPRINGFIELD 428.2 210.5 66,717.3 313.1 1,960.0 +20.9 + 1.4 + 1.8 + 8.4 -8.5 +8.9 + 12.3 + 14.7 -2.7 +9.9 JACKSON* MEMPHIS 555.1 17,986.2 -3.0 + 2.0 +5.1 + 10.2 121,464.5 + 2.1 + 12.1 2,814.3 59,060.9 — 11.6 -2.0 + 1.2 +4.2 NO. 8 TOTALS MINNEAPOLIS DULUTH-SUPERIOR, WISC. MINNEAPOLIS-ST. PAUL MONTANA BILLINGS GREAT FALLS 1,502.0 1,222.8 + 7.5 — 4.6 + 14.5 -2.3 NORTH DAKOTA FARGO-MOORHEAD, MINN. 1,928.0 + .9 +8.2 SOUTH DAKOTA SIOUX 1,775.5 -4.8 -2.5 68,303.5 -2.3 +4.1 2,132.5 27,226.7 1,336.4 — 8.6 + 2.2 + 1.2 + 13.7 +2.7 + .4 3,867.3 6,815.1 —1.6 -4.9 +7.6 — .6 FALLS DISTRICT DISTRICT NO. 10 - NO. 9 TOTALS KANSAS CUTY COLORADO COLORADO DENVER PUEBLO KANSAS TOPEKA SPRINGS WICHITA * - FROM RATES MINNESOTA - > ADJ lUSTED A N N U A L 598.0 1,505.7 244.2 5,311.2 916.6 947.6 DISTRICT DISTRICT DEMAND DEPOSITS PtR CENT C H A N G E MISSOURI KANSAS CITY ST. JOSEPH 35,504.5 1,826.3 -4.2 + 2.7 + 2.9 +8.1 NEBRASKA LINCOLN OMAHA 3,267.7 14,177.9 -1.5 -1.7 + 1.4 + 6.8 NEW ALBUQUERQUE 4,419.1 + .9 + 10.7 697.1 13,907.2 16,221.5 + 8.1 + .3 +4.4 +9.6 + 15.9 + 13.0 131,399.3 -.8 +6.1 MEXICO OKLAHOMA LAWTON OKLAHOMA TULSA CITY DISTRICT -* • CITY ONLY NO. 10 TOTAL BANK D E B I T S - J A N U A R Y 1965 (IN M I L L I O N S O F D O L L A R S ) D E B I T S TO JANUARY 1965 DISTRICT NO. 11 - SEASONALLY DALLAS DEMAND DEPOSITS PER C E N T C H A N G E ADJUSTED ANNUAL FROM RATES ARIZONA TUCSON 3,580.6 -2.1 -3.3 LOUISIANA MONROE SHREVEPORT 1,593.8 4,307.4 — 10.6 -8.1 + 15.3 -3.7 NEW ROSWELL 569.9 -5.0 -13.5 1,716.7 3,815.8 3,376.7 4,268.0 1,292.3 -.3 -13.5 — 5.6 + 7.0 -8.4 + 1.9 + 8.0 -.3 + 3.9 + 1.9 CORPUS CHRISTI CORSICANA DALLAS EL P A S O FORT WORTH 2,899.1 281.4 48,785.3 4,363.4 10,973.5 -3.8 -4.9 -1.2 -5.4 -10.3 -2.2 + 15. 1 + 13.4 -6.8 -4.0 GALVESTON-TEXAS CITY HOUSTON LAREDO LUBBOCK MIDLAND 1,695.3 48,358.1 464.2 3,744.3 1,737.3 -4.6 -1.0 -2.4 + 16.5 + 9.3 -4.6 + 12.8 + 11.0 -2.1 +4.6 973.9 739.1 9,351.7 1,412.8 1,791.7 1,747.1 -9.2 -3.9 — 6.2 + 2.1 -2.2 -8.3 — 3.6 -2.0 + 2.0 + 5.3 +4.6 + 1.1 163,839.4 -2.6 +7.2 14,670.8 + 2.6 + 5.0 MEXICO TEXAS ABILENE AMARILLO AUSTIN BEAUMONT-PORT ARTHUR BROWNSVILLE-HARLINGEN-SAN BENITO ODESSA SAN A N G E L O SAN A N T O N I O TYLER WACO WICHITA FALLS DISTRICT DISTRICT NO. 12 - SAN NO. 11 TOTALS FRANCISCO ARIZONA PHOENIX CALIFORNIA ANAHEIM-SANTA ANA-GARDEN GROVE BAKERSFIELD FRESNO LOS ANGELES-LONG BEACH SAN BERNARDINO-RIVERSIDE-ONTARIO 12,197.0 4,408.0 5,262.0 205,773.3 10,060.2 -15.6 + 6.4 — 2.6 + .5 + 1.9 + 7.9 +4.3 + 2.8 + 4.3 + 6.2 SAN D I E G O SAN F R A N C I S C O - O A K L A N D SAN JOSE SANTA BARBARA STOCKTON 16,305.7 126,425.8 14,868.7 2,591.4 3,431.8 -4.2 -2.1 -.3 -9.4 + 1.1 + .3 + 8.1 + 3.2 + 2.7 + 16.6 IDAHO BOISE 2,174.2 -3.0 + 4.9 NEVADA LAS VEGAS RENO 3,643.2 2,238.0 -.8 + .9 -12.8 + 6.3 OREGON EUGENE PORTLAND 2,289.2 20,268.3 -8.7 -7.1 +4.7 + 1.2 UTAH OGDEN SALT LAKE 1,674.9 10,732.5 — 1.8 -4.4 + 7.8 + 2.7 31,995.5 4,960.0 4,422.0 + 4.0 + 3.9 — .6 +4.1 + 21.6 + 10.7 500,392.5 -1.0 +5.1 WASHINGTON CITY SEATTLE-EVERETT SPOKANE TACOMA DISTRICT NO. 12 TOTAL
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