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Released for publication Sunday morning Fab* 2, 151SI not earlier -

St .1S3

PRESS STATEMENT *
February 1, lS'l^ *
Below is given the Federal Reserve Board* s twenty-fourth weekly statement of
total debits to deposit account, reported through the Federal' Reserve Banks by
about 15 O of the country*s more important clearing houses* Transactions cover the
weekly periods ending Wednesday January 22 and Wednesday January 2 5 ,
Further substantial reductions are shown
in the total debits to both in­
dividual and bank accounts. For the first the decline for the week amounts to
about 13 per cent. Equal or larger relative decreases are shown for the three
Eastern .districts, also Chicago and San Frc-mcisco , while smaller relative decreases
are given for the three Southern, also the Cleveland, Minneapolis and Kansas City
districts* It is apparent thxt on the v/hole the decline in the volume of transac­
tions is more pronounced in the industrial than in the agricultural sections ox the
country* Debits to bank account show an even larger relative decline, though
changes for' the week in the volume of these debits by no means correspond to
changes in debits to individual account, as may be seen from a comparison of the
resi.jctive figures for the Philadelphia, Cleveland and Atlanta districts*
The statement closes with a recapitulation giving comparative data by reserve
districts for I 5O centers reporting complete data for both weeks* Figures of re­
porting clearing houses by Federal Reserve districts are as follows;

_______________________
1*

BOSTON
Bangor
Boston
Fall River
Hartford
Holyoke
Lowell
New Bedford
1I3V7 Haven
Providence
Springfield
■Taterbury
T’orcester
HEW YORK
Albany
Binghamton
Buffalo
Haw York
PassaicRochester
Syracuse •'
PHILADELPHIA .
Altoona
Che st er
Harri sburg
Johnstown
. Lancaster
Philadelphia
Reading
Scranton
Trenton
^ilk:)S Bar re
Tilliamsport
Wilmington
York




:
Debits to Individual
:
Debits to Banks1 and
:.______ _
Account_____________: __ ____ Bankers1 Account______
January 22 : January 2q__ ^__Januar y 22
: January £S
(In thousands of dollars)
2, SOS

233,255
6,357
20,473
3,35s
5,346
6,272
17
35,756
15,801+
7,055
18,504

fiol

15,362
2 ,803

.53,953
4,238,673
4,133
2 4 ,243
14,454
2,202
■4,725
4,721
2,31s
3,977
.. 327,248
3,205
n ,573
10,207
6,420
3 ,224
10 ,108

3*007

7S5
214,366
402
2,110
312
557
203
1,020
2,155
561
743.
1,631

27s
177,22s
422
1,234
638
352
110
506
1,643
522
661
1,413

1^,556

12,652

13,572
i,57i,S*>
364
630
552

n 2#
i , 584,4so
203
634
506

68

188

71
17
16s

362 ,182

> 55
354,046

2,535
31 s
135
208

1,550
302
73
312

46

^7

2,131
223 ,283
6,220
16,227
2,663
5,336
5. 71^
18,346
25,166
12,50s
5,631
12,843 .
20,858
2,3c0
53,^56
3,736,13s
2,317
21,61s
12,43s
2,230
5,503
4,305

2,253

3 , 5&4
268,552
3 >2S
12,589
7.771*
4,444
2,381
8,320
2,611

'

30

270

St .183a

:

Dabits to Individual
:
Debits to Banks* and
_________Account______________________ Bankers* Account______
______ ____ _____________ : January 22___ ; January. 29__ : January 2?.____ 5__ January 29
(in thousands of dollars/
4 . CLEVELAND
Akron
16,122
16,045
652
156
Cincinnati
52,211
49,941
Si ,53 7
42,335
Cleveland
132,446
■101,302
125,378
133 ,033
Columbus
23,255
21,525
2,850
'3 ,32 s
Dayton
11,204
10,545
512
Erie
6,524
64
6,911
%■
Greensburg ,?a.
2,533
3,537
Lexington,5y •
3,716
10,274
6,311
5,373
Oil City
2,336
2,623
3,211
1,756
Pittsburgh
320,370
185,723
175,877
378,035
Springfield
2,159
1,335
3,157
3,115
Toledo
2 3 ,432
8,630
7,182
21,351
TJheeling
3,267
8,506
10,716
7,373
Youngstown
1 /CU7
84i •
14,237
12,351
RICHMOND
Baltimore
Charleston
Charlotte
Columbia
Norfolk
Raleigh
Richmond
ATLANTA
Atlanta
Augusta
Birmingham
Chattanooga
Jacksonville
Knoxville
Macon
Mobile
Montgomery
Nashville
New Orleans
.Pensacola
Savannah
Tampa
Vicksburg
CHICAGO
Bay City
Bloomington
Cedar Rapids .
. Chicago
Davenport
Decatur,111.
Des Moines
Detroit
Dubuque
Flint
Fort Wayne
Grand Rapids
Indianapolis
Kalamazoo
Lansing
Milwaukee
Peoria
Rockford,111.
Sioux City,Iowa
South Bend
Springfield,111 .
Waterloo,Iowa




'

85,574

72,321
6 , 690,
6,300

7,342

6,500
6,231
16,951

5,324

19,443
5 , 31 s
24 , 19b

'2,300

28,976

. 2 3 , 54s
6,446
9,685
7,531

■33,370
6 ,442

12 ,376
9,031
9,506
5,700

10,563

4,758

4,944
6,413
4 ,145
18,564
69 ,233
2,071
12,301
4,594
1,874

5,377

7,621

4 , 6lS
15,555
71,369
1,844
14,553

4,963

.

.

2,321

2,866
2,803
5,735640,873
7,244
3,342

32,181

3,052
3,497
58,277
12,134
4,752

.

.

7,500

2,575
22,731

3 ,200
75,530

2,644
3,125

49,411
10.362

3,283

80,267

3 ,5°3
7,646

10,322

1,^53
‘3 ,046
374

721
13,521
46,313.
3 83
3,537
' l,5°3

201

676,663

33 ,136
1,800
4,293
4,563

8,000
3 ,402
15,363

3 ,482

544,374
16,020

38,435
3 ,285

26,444
2,070
8,105

24,537.
2,433

533
1,291
3 ,64g

16,602
26 ,633

13,208

3,563

. 2,848
■2,227
4,44o
5,531
2 ,334

19,959
102,211 .
2,035
5,456
. 5,220 .

42,743

2,412
757

44,353
43 ,824
1,425

106
1,954
5,5^2 •
27,343
705
24q
3i,55&
2,678

4,6o4
1,533

3,221
•961
.

719

13/822

38,307
593
3,632
1,775
15O
• 444.
1,037

8,111

554,953

1,870
55s
36,253

42,380
1 ,000.
19
1,599
4,364

22,714
407
3.47
27,622
1,349

4,033

18,321

198

16,765

17 ,083

84
14,673

3 ,3C9
3,585
3 ,353

2,851

2,137

i,64o

2,354

2,326
1,230

1,109

:
Debits to Individual
:
Debits to Banks' end
:_______
'Accoyint __;_________:________ Bankers1 Account_____
; January 22 __ 1__January 29 : January 22 *. January 2l(In thousands of dollars)
2.

ST# LOUIS
Evansville'
Little Hock
Louisville
Memphi s
■St* Louis

9 * -MINNEAPOLIS-.
Aberdeen
Billinas
Duluth
Far;.:o
Grand Forks
Great Falls
Helena
Minneapolis
•St* Paul
Superior
10, KANSAS CITY
Atchison
Bar t1 esvi 11 e ,0kla .
Colorado Springs
Denver
Joplin
Kansas.City,Kans*
Kansas City,Mo*
Huskb g ee ,Okla *
Oklahoma City
Omaha'
Pueblo
.
St, Joseph
Topeka '
Tulsa
T.?i chita
11, DALLAS
■Albuquerque
Austin
Beaurront
• Dallas
El Paso
Fort TJorth
Galveston.
Houston
San Antonio
Shreveport
' .Tsxarkana
Tucson
Waco




3,900
7 ,50G
42, 6U5
3I,10S
l44,S50

^,252
7 ,bS9
1+1,643
2S,703
129,907

1,227
2,037

1,130
1,649
29,534
1,763
1,062
2,925
2,352
64,792

31.521+

2,365

1,384

2 ,SS3
2,711
so ,296

44,421
1,995

9U0
2,723

2,15'4■
5c ,107
3,1^3
^,936
9S ,1S3
3 ,569

15,133
63 ,4s4

ll*+,H
'b-yb
'"&
2S ,071

31*-,S33

S10
1,733

61+7
69
902
2 1 ,1+Sl
533

1,809
27,515

2,767

3 .055
7 8 ,1+56
2,6o4

12,895
59 ,1+54
3,139

22,059

1,360

1,191

1,595
3,03*+

1 ,17^
1,003
4,169
2,693
1,493
3,517
3 , 755
S9.202
5 2 , 10 s

133

3,718
is ,790

1,517

>+3,239
25,633
IU 1 J 36

1,300

5,023
20 ,090
8,300

3 ,742
4,302 '
31,251
6,U05
IS ,931
7 ,3?S
2l+,2c '4
6,1+93
5 ,321+

2,403
6,^19

7,866

3 ,542
3,635
28 ,901
^ PTC
17 .-231
6,303
2'4 ,271
(a) 6,617
5,222
CC.7I
l,b j 8
3 :o63

5,515

190,637

2.,6S3
11 ,*+79
6 s ,840
828
15,7^5
1,653
7,13^

13 ,212

4,0S1
2,45U

702
76,057

3,056
43,444
5,131

56 ,388
5,1+S7

603
1 ,i+o4
2,024

1,246

6,650
33,007
24,25 4

126 ,UjO
37^

1,003
• 3,676
2,039

Kli
l.lUs

2, S36
73,633
42 ,6g2

58
536
66
574
22,144
6l4

5,151
1 62,346
2,132
11,622
60 ,672
S3 S
IS,46s
1,370
7,130
1 1 , 52s

- 3 >81
3,093
33^
6 1 , 5^6
8,384
42,263
,3,3-1
.

43,064
M

27
337
1,569
2 , ISO

Debits to In divi dual
Debits to Banks7 and
Bankers' Account
Account
January 22 : January 29
Januar.y 22
: January 29
(In thousands of dollars)
12. SJUI FRANCISCO
Boise
Fresno
Long Beach
Los Angeles
Oakland
Ogden
Pasadena
Portland
Reno
Sacramento
Salt Lake City
San Diego
San Francisco
Seattle
Spokane
Stockton
Tacoma
Yakima

2,600

5,156
2,322

5^,512

61,230
1 1 .853

1+^353
2,831
39,691
1 .0 S3
14.208
17,785
5,732
132 , 91+7
**3,839
9 ,8oi
’4,001
12,31)4
1,757

.

10,6l4
3,690
2,744
36,571
1,50s
.11,366
13 ..3^3
4 ,6 54

123,852
42,249
7,23s
4,139
9 >32
1,523

U,7ii
3,379

6,33^
3,512

2,365

6,Ol4
2,331

'

65

90

4 2 ,302
2,971
5 ,9 H

192
23,326
1,960
5,053

26,653
512
132 ,967
27,604
7,61s

3,000
7,504

35,715
2,72s

5,261
319

22,159
1,504
4,374
22,172
222
97,288

20,954
7,056
2,46o
7,803

402

439

4

Recapitulation showing figures for centers reporting both weeks*
Federal
Reserve
District

•Number of:
Debits to Individual
: centers :
Account
: included : January 22 1 January 29

1» Bo ston
2 » New York
3 • Philadelphia
4, Cleveland
5 . Richmond
b . Atlanta
7■
> Chicago
8 . St. Loui s
9* Minneapolis
10 .Kansas City
11 -Dallas
12.San Francisco

12 ■

185,114
1,609,711
35b,64i

*+73,125

226,089
2 ,002 ,013
366 ,040
597 , 49s

955,598

187,136
317,862

230,007

121,191
s72,360

212,194

219,836

171,313

i 4i

159,662
345 ,45s
206,957
298 ,4ii

174,624
238,609

5,573,811

4 , 698,538

*+33,779

7
13
14
7
15

4 , 423,399

21

5

393,535

503.210

154 >34

209,256

10
15
13

290,409
116,626

GRAND TOTAL I 50

8 , 306,496

18

3i+6,72S

: Debits to Banks* and
:
Bankers Account
: January 22 : January 29

424.430

3 , 850,335
329,300
140,699

,34o
246,740

103,670
342,2787,196,957

158,246

496,327
156,045

123,564-

723,005
196,627
132,460
305,811

(a) Figures cor/prise debits to both individual as well as to banks' and bankers'
account.