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Form FR-285 For immediate release STATEMENT FOR THE PRESS Board of Governors of the Federal Reserve System BANK DEBITS January 15, 1938. Debits to individual accounts, as reported by banks in leading cities for the week ended January 12, aggregated $7,643,000,000, or 24 percent below the total re ported for the preceding week, which included only five business days, and 19 per cent below the total for.the corresponding week of last year Aggregate debits for the l4l cities for which a separate total has been main tained since January 1919 amounted to $7,010,000,000, compared .with $9,259,000,000 the preceding week and $8,746,000,000 the week ended January 13, of last year. SUMMARY BY FEDERAL RESERVE DISTRICTS . (in thousands of dollars) 5 endec Wt e k Number Federal Jan, 5, Jan, 12, of centers Reserve 1938 District included 1938 542,311 17 398,149 No, 1 - Boston 4,475,996 3,435,791 2 - New York 15 528,756 18 352,271 3 - Philadelphia 651,436 485,077 4 - Cleveland 25 24 333,810 279,489 5 - Richmond 302,962 6 - Atlanta 222,757 25 4l 1,029,564 1,392,111 7 - Chicago 276,044 16 220,054 8 - St. Louis 167,018 144,644 9 ~ Minneapolis 17 320,496 10 - Kansas City 28 256,731 270,802 11 - Dallas 18 188,462 756,219 629,641 12 - San Francisco 29 7,642,630 10,017,961 TOTAL 273 .... . Jan. 13, 1937 516,087 4,473,151 436,500 595,164 309,426 243,727 1,314,186 247,121 155,869 268,526 180,699 709,225 9,449,681 DEBITS BY BANKS IN EACH REPORTING CENTER (in thousands of dollars)_________ Week ended Week ended Jan. 12, 1938 Jan. 12, 1938 DISTRICT NO. 2 - NEW YORK (Cont’d) DISTRICT NO, 1 - BOSTON Northern New Jersey Bangor, Maine 2,787 Clearing House Ass'n. 36,653 Boston, Mass, 246,252 Passaic, N. J. 5,498 Brockton, Mass, 3,232 Poughkeepsie, N. Y, 3,197 Burlington, Vt, 2,423 Rochester, N. Y. 27,574 Fall River, Mass, 3,556 Stamford, Conn. 4,025 Hartford, Conn, 41,969 Syracuse, N. Y, 16,429 Holyoke, Mass, 2,331 Utica, N. Y. 7,204 Lowell, Mass, 3,088 Lynn, Mass. 4,031 DISTRICT NO. 3 “ PHILADELPHIA ' Manchester, N. H. 3,192 Allentown, Pa. . 5,812 New Bedford, Mass, 3,344 Altoona, Pa. 2,600 New Haven, Conn, 16,646 Camden, N. J. 9,106 Portland, Maine 8,048 Chester, Pa. 2,579 Providence, R, I, 26,691 Harrisburg, Pa. 7,861 Springfield, Mass, 14,095 Hazleton, Pa. 2,605 Waterbury, Conn. 4,636 Johnstown, Pa. Worcester, Mass, 11,828 Lancaster, Pa. Lebanon, Pa, 1,296 DISTRICT NO. 2 - NEW YORK Norristown, Pa. 2,051 Albany, N. Y. 28,114 Philadelphia, Pa. 247,889 Binghamton, N. Y, 4,212 Reading, Pa. 7,158 Buffalo, N. Y. 52,896 Scranton, Pa. 10,305 Elmira, N. Y. 3,377 Trenton, N. J. Jamestown, N. Y, 2,710 Wilkes-Barre, Pa. 4,899 Montclair, N, J. 3,729 Williamsport, Pa. 2,129, Newark, N. J, 65,200 Wilmington, Del. 19,058 New York, N. Y. 3,174,973 York, Pa. 4,712 form FR-285-a DEBITS BY BANKS IN EACH REPORTING CENTER (in thousands of dollars)________ Week ended Week ended Jan. 12, 1938 Jan. 12, 1938 DISTRICT NO. 6 - ATLANTA (Cont’d) DISTRICT NO. 4 - CLEVELAND Elberton, Ga. 248 12,037 Akron, Ohio Hattiesburg, Miss. 992 2,461 Butler, Pa. Jackson, Miss, 4,578 Canton, Ohio 7,675 Jacksonville,Fla, 15,033 Cincinnati, Ohio 70,421 Knoxville, Tenn, 7,764 115,378 Cleveland, Ohio Macon, Ga, 3,064 46,432 Columbus, Ohio Meridian, Miss, 2,013 15,050 Dayton, Ohio Miami, Fla,' 10,689 5,956 Erie, Pa. Mobile, Ala, 8,544 Franklin, Pa. 717 Montgomery, Ala, 4,809 1,517 GreensDurg, Pa. Nashville, Tenn, 18,837 Hamilton, Ohio 2,575 Newnan, Ga, 408 669 Homestead, Pa, New Orleans, La, 47,190 12,889 Lexington, Ky. Pensacola,Fla, 3,059 Lima, Ohio Savannah, Ga, 6,450 1,090 Lorain, Ohio Tampa, Fla, 6,505 1,776 Middletown, Ohio Valdosta, Ga. 890 2,105 Oil City, Pa. Vicksburg, Miss, 2,124 132,343 Pittsburgh, Pa. 4,046 Springfield, Ohio DISTRICT NO. 7 - CHICAGO 2,084 Steubenville, Ohio Adrian, Mich. 791 25,347 Toledo, Ohio Aurora, 111, 2,255 2,071 Warren, Ohio Battle Creek, Mich. 2,604 6,265 Wheeling, W. Va, Bay City, Mich. 2,293 9,339 Youngstown, Ohio Bloomington, 111, 3,122 1,775 Zanesville, Ohio Cedar Rapids, Iowa 5,784 ChampaignrUrbana, 111. 3,216 DISTRICT NO. 5 - RICHMOND Chicago, 111. 595,267 2,942 Asheville, N. C. Clinton, Iowa 1,198 78,020 .Baltimore, Md, Danville, 111. 2,121 3,979 Charleston, S. C. Davenport, Iowa 4,685 11,556 Charleston, W. Va, Decatur, 111, 4,170 10,833 Charlotte, N. C. Des Moines, Iowa 27,225 6,753 Columbia, S. C, Detroit, Mich, 160,668 1,735 Cumberland, Md. Dubuque, Iowa 1,994 2,223 Danville, Va. Elgin, 111. l,54l 6,107 Durham, N. C. Flint, Mich. 5,766 4,079 Greensboro, N. C. Fort Wayne, Ind. 7,527 4,922 Greenville, S. C. Gary, Ind. 3,346 1,768 Hagerstown, Md. Grand Rapids, Midi. 10,749 3,134 Huntington, W. Va. Green Bay., Wis. 3,071 4,006 Lynchburg, Va. Hammond, Ind. 1,483 1,948 Newport News,Va. Indianapolis, Ind, 45,966 10,749 Norfolk, Va. Jackson, Mich. 2,791 920 Portsmouth, Va. Kalamazoo, M ch, 4,037 9,310 Raleigh, N. C, Lansing, Mich, 4,579 34,458 Richmond, Va. Manitovioc, Wis, 1,479 5,384 Roanoke, Va, Mason City, Iowa 2,292 2,045 Spartanburg, S. C. Mlwaukee, Wis, 54,647 60,268 Washington, D. C. Moline, 111. 1,662 2,447 Wilmington, N. C, Muscatine, Iowa 657 9,903 Winston-Salem, N. C. Oshkosh, Wis, 2,084 Peoria, 111, 13,015 DISTRICT NO. 6 - ATLANTA Rockford, 111. 5,163 1,255 Albany, Ga. Saginaw, M ch. 4,409 39,847 Atlanta, Ga, Sheboygan, Wis. 3,122 3,753 Augusta, Ga. Sioux City, Iowa 9,381 20,360 Birmingham, Ala, South Bend, Ind. 8,851 638 Brunswick, Ga, Springfield, 111, 5,676 13,210 Chattanooga, Tenn, Terre Haute, Ind. 5,143 2,827 Columbus, Ga. Waterloo, Iowa 3,734 729 Dothan, Ala. Form Fft-285-b DEBITS BY BANKS IN EACH REPORTING CENTER _________________ . ________________ (in thousands of dollars)_________ __ Week ended Jan. 12, 1938 DISTRICT NO. 8 - ST. LOUIS East St. Louis &Nat*l Stock Yards, 111. 7,280 Eldorado, Ark. 1,143 7,286 Evansville, Ind. Fort Smith, Ark. . 3,233 1,244 Greenville, Miss, Helena, Ark. 453 7,184 Little Rock, Ark. Louisville, Ky. 36,283 Memphis, Tenn, 31,145 1,818 Owensboro, Ky. Pine Bluff, Ark. 2,253 Quincy, 111. 1,865 St. Louis, Mo* 114,700 Sedalia, Mo. 509 Springfield, Mo. 3,062 Texarkana,Ark. (See also Tex.) $96 DISTRICT NO. 9 - MINNEAPOLIS Aberdeen, S. D. Billings, Mont. Dickinson, N. D. Duluth, Minn. Fargo, N. D. Grand Forks, N, D* } Helena, Mont. Jamestown, N. D* La Crosse, U s* Minneapolis,Minn* Minot, N. D* Red Wing , Minn. St. Paul, Minn. Sioux Falls, S. D. South St. Paul, Minn. Superior, Wis. Winona, Minn, DISTRICT NO. 10 - KANSAS CITY Albuquerque, N. M, Atchison, Kans. Bartlesville, Okla. Casper, Wyo. Cheyenne, Wyo. Colorado Springs, Colo. Denver, Colo. Enid, Okla. Fremont, Neb. Grand. Junction, Colo. Guthrie, Okla. Hutchinson, Kane. Independence, Kans. Joplin, Mo. Kansas City, Kans. Kansas City, Mo. Lawrence, Kans. Lincoln, Neb. Muskogee, Okla. Oklahoma City, Okla* Okmulgee, Okla* Notet 1,076 1,802 218 10,046 • 3,958 1,062 2,295 348 1,642 70,700 842 450 37,560 4,750 5,390 913 1,592 3,499 744 5,680 1,565 1,869 2*561 32,294 2,789 570 847 417 2,687 801 2,315 3,465 64,833 993 6,402 1,589 25,395 649 Week ended Jan. 12, 1938 DISTRICT NO. 10 - KANSAS CITY (Cont’d) 33,316 Omaha, Neb. 969 Pittsburg, Kans. 3,585 Pueblo, Colo. St, Joseph, Mo. 7,075 5,0-41 Topeka, Kans. 33,321 Tulsa, Okla. 11,460 Wichita, Kans. DISTRICT NO. 11 - DALLAS Abilene, Tex. Austin, Tex, Beaumont, Tex. Corsicana, Tex. Dallas, Tex. El Paso, Tex. Fort Worth, Tex. Galveston, Tex, Houston, Tex, Port .Arthur, Tex, Roswell, N. M. San Antonio, Tex. Shreveport, La. Texarkana, Tex. (See also Ark,) Tucson, Ariz. Tyler, Tex. Waco, Tex. Wichita Falls, Tex, DISTRICT NO. 12 - SAN FRANCISCO Bakersfield, Calif. Bellingham, Wash. Berkeley, Calif. Boise, Idaho Eugene, Ore, Everett, Wash, Fresno, Calif. Long Beach, Calif. Los Angeles, Calif. Oakland, Calif. Ogden, Utah Pasadena, Calif. Phoenix, Ariz. Portland, Ore. Reno, Nev. Sacramento, Calif. Salem, Ore. Salt Lake City, Utah San Bernardino, Calif. San Diego, Calif. San Francisco, Calif. San Jose, Calif. Santa Barbara, Calif. Seattie,Wash. Spokane, Wash. Stockton, Calif. Tacoma, Wash. Walla Walla, Wash. Yakima,Wash. 1,741 7,542 5,615 761 52,299 6,885 16,845 5,406 44,896 2,632 943 15,667 13,075 1,061 2,890 2,765 3,212 4,227 5,063 1,652 5,362 4,581 1,892 2,050 8,314 8,338 196,963 24,146 3,267 7*774 9,963 34,013 2,595 28,562 3,815 17,446 2,776 13,375 172,485 6,139 3,315 39,866 10,217 4,918 6,770 1,390 2,594 Bank debits not previously reported for week ended January 5 , 1938? Hagerstown, Md*, 2,180.