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B O A R D OF G O V E R N O R S OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) January 15, I960 BANK DEBITS T O D E M A N D DEPOSIT ACCOUNTS E X C E P T INTERBANK A N D U. S. G O V E R N M E N T ACCOUNTS Bank debits to demand deposit accounts, except interbank and U . S . Government accounts, as reported by banks in 344 leading centers for the month of December aggregated $261 billion. During the past three months debits amounted to $709 billion or 11.6 per cent above the total reported for the corresponding period a year ago. At banks in New York. City there was an increase of 16.7 per cent compared with the corresponding three-months period a year ago; at 6 other centers the increase was 8 . 5 per cent; and at 337 other centers it was 8 . 5 per cent. Preliminary estimates of the annual rates of turnover of demand deposits, without seasonal adjustment, in December are 66.8 at New York City, 35-5 at 6 other centers, and 26.7 at 337 other centers. SUMMARY BY FEDERAL RESERVE DISTRICTS (in millions of dollars) Federal Reserve District Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco Total, 344 reporting centers New York City 6 other centers* 337 other centers December 1959 December 1958 Three months ended December 1959 IDecember 195# 9,599 8,804 11,094 35,839 6,675 4,281 9,437 10,701 24.097 10,236 33,662 6,169 4,275 9,016 10,110 22,652 28,097 294,686 29,233 45,125 27,244 30,814 99,031 18,932 12,254 26,529 29,163 67,397 261,121 104,976 51,763 104,382 238,985 92,711 48,690 97,584 708,505 276,768 141,657 290,080 10.096 111,451 10,600 17,252 9,115 98,841 10,048 16,056 *Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles. 25,646 253,796 26,986 42,158 24,812 27,748 91,059 17,303 11,869 25,403 26,826 61,362 634,971 237,136 130,508 267,328 BANK DEBITS - December 1959 (In thousands of dollars) December 1959 December 1958 Three months ended December 1959 I December 1958" DISTRICT NO. 1 - BOSTON Connecticut: Hartford New Haven New London Waterbury J?/ Maine: Bangor Lewi s ton-Auburn Portland 1,326,395 460,366 90,530 153,753 1,296,062 442,527 92,351 121,676 3,645,600 1,320,392 258,457 422,155 3,561,826 1,202,071 253,252 334,883 83,888 55,828 179,767 78,007 52,789 147,869 162,823 252,449 502,764 234,015 147,360 429,284 5,501,720 87,397 76,179 69,148 71,139 92,126 82,300 87,067 66,633 340,430 311,310 4,819,718 89,082 73.326 69,o4O 71,297 77,034 75,605 75.327 60,333 321,770 278,554 15,195,954 259,451 226,329 202,356 215,320 267.821 253,046 254.822 198,660 1,029,946 837,326 13,665,161 256,323 216,109 191,249 206,306 , 224,072 228,855 226,069 174,838 936,739 790,968 Massachusetts: Boston Brockton Fall River Holyoke Lawrence Lowell Lynn New Bedford Pittsfield Springfield Worcester New Hampshire: Concord Manchester 42,260 114,375 39,191 107,571 113,778 305,137 105,149 276,744 Rhode Island: Providence 746,438 673,079 2,001,519 1,832,184 Vermont: Burlington 57,149 52,955 170,953 152,201 DISTRICT NO. 2 - HEW YORK 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 r/ Revised figure: 309,377 155,748 290,660 131,872 434,079 856,801 788,381 365,438 244,675 668,392 80,097 1,616,835 551,645 218,279 625,522 67,951 1,497,773 562,692 705,039 1,790,241 222,653 4,295,797 1,559,996 607,874 1,670,389 173,499 3,875,617 1,55?,496 99,661 1,042,959 75,677 52,824 104,975,650 97,575 772,686 114,967 426,918 165,274 95,895 1,027,724 69,100 54,029 92,711,430 87,681 707.798 114,268 431.799 147,016 279,344 2,937,090 205,378 151,474 276,768,106 276,494 2,163,619 316,657 1,263,729 459,071 281,089 2,869,298 192,866 147,472 237,135,889 243,586 1,954,094 315,791 1,204,875 410,798 Waterbury, Connecticut: November 1959, 133,537 -2 December 1959 December 1958 BANK DEBITS - December 1959 (In thousands of dollars) Three months ended December 1959 1December 1958 DISTRICT NO. 3 - PHILADELPHIA Delaware: Wilmington 995,846 841,122 2,475,208 New Jersey: Atlantic City Camden Trenton 105,958 3^1,353 417,997 95,333 296,602 298,066 Allentown Altoona Bethlehem Chester Harrisburg Hazleton Johnstown Lancaster Lebanon Norristown Philadelphia Reading Scranton Wilkes-Barre Williamsport York 158,417 51,833 Pennsylvania: k 65,076 101,624 237,671 39,181 69,797 131,186 34,836 82,504 7,133,772 183,488 145,923 114,066 47,595 142,06l 2,197,444 269,308 956,475 437,114 1,228,706 880,710 1,119,067 151,390 458,535 153,028 182,213 412,993 148,885 50,988 75,903 95,786 233,917 37,757 71,732 125,919 34,475 75,087 6,792,088 185,139 158,203 115,739 44,689 127,413 286,365 203,810 268,471 645,350 106,503 198,247 354,020 658,717 117,220 199,535 382,753 98,256 242,535 19,725,079 503,272 413,605 322,345 133,243 399,691 209,913 18,155,557 499,901 427,770 318,374 123,009 349,740 96,987 DISTRICT HO. 4 - CLEVELAND Kentucky: Covington-Newport Lexington Ohio: Akron Canton Cincinnati Cleveland Columbus Dayton Hamilton Lima Lorain Mansfield Middletown Portsmouth Springfield Steubenville Toledo Warren Youngs town Zanesville Pennsylvania: West Virginia: Butler Erie Franklin Greensburg Oil City Pittsburgh Sharon Wheeling 72,244 248,779 68,279 232,968 214,695 531,560 196,315 493,305 618,305 207,695 1,947,202 4,277,088 592,590 195,407 1,803,992 583,622 5,461,186 1,662,850 1,181,702 554,227 92.072 72,180 47,899 98,214 76.073 34,503 76,254 45,116 742,270 90,790 269,732 44,931 64,350 172,769 11,857 36,4o8 27,568 5,998,553 1,838,508 3,975,168 1,251,879 519,460 82,000 68,041 43,534 92,190 70,772 3,324,720 1,562,856 249,049 210,112 135,231 268,508 209,455 32,832 98,561 73,999 40,099 224,179 665,381 88,338 255,188 44,352 54,709 153,317 9,943 33,258 27,962 51,187 5,410,072 47,295 91,606 88,293 - 3- 11,527,020 120,016 2,083,232 248,447 723,927 135,660 186,411 489,491 34,806 104,837 79,499 14,124,587 550,231 5,024,814 10,743,714 3,398,002 1,390,119 226,684 199,463 123,942 244,988 187,813 91,216 217,957 112,714 1,835,127 242,484 725,352 121,216 158,309 428,991 29,409 93,912 76,802 130,182 13,187,748 132,328 258,950 262,505 BANK DEBITS - December 1959 (in thousands of dollars) December 1959 December 1958 Three months ended December 1959 I December 195# DISTRICT NO. 5 - RICHMOND District of Columbia: Maryland: North Carolina: South Carolina: Virginia: West Virginia: Washington Baltimore Cumberland Frederick Hagerstown Asheville Charlotte Durham Greensboro Kinston Raleigh Wilmington Wilson Winston-Salem Charleston Columbia Greenville Spartanburg Charlottesville Danville Lynchburg Newport News Norfolk Portsmouth Richmond Roanoke Bluefield Charleston Clarksburg Huntington Parkersburg 2,172,809 2,245,694 35,294 35,180 51,248 102,233 624,702 117,604 287,723 25,315 306,670 62,779 30,221 301,304 141,449 250,526 226,797 98,714 54,363 62,015 77,912 89,967 397,829 50,651 1,073,541 219,869 51,271 210,128 45,701 103,300 45,900 1,893,855 2,096,517 34,049 34,599 47,868 93,809 584,327 107,652 262,306 25,867 294,743 58,587 29,381 261,319 6,038,539 6,264,125 102,787 99,640 147,463 277,466 1,793,755 362,507 824,863 96,133 945,439 182,539 126,133 850,564 5,186,861 5,766,007 95,028 95,898 142,324 263,740 1,651,984 347,775 737,652 105,703 888,550 169,526 138,905 715,645 117,626 227,567 209,362 88,498 385,943 737,527 634,391 279,238 330,453 52,646 58,156 74,973 72,979 382,041 48,070 1,006,295 199,445 52,419 200,796 41,916 101,262 45,108 155,617 215,585 223,593 249,494 1,113,612 141,072 3,078,119 590,645 140,337 621,086 137,856 154,261 211,585 296,318 131,385 662,536 550,224 247,163 206,469 198,179 1,046,798 132,802 2,920,847 545,391 149,078 589,737 126,680 286,173 128,509 DISTRICT NO. 6 - ATLANTA Alabama: Florida: Georgia: Louisiana: Mississippi: Tennessee: Anniston Birmingham Dothan Gadsden Mobile Montgomery Jacksonville Miami Orlando Pensacola St. Petersburg Tampa Albany Atlanta Augusta Brunswick Columbus Elberton Macon Newnan Savannah Valdosta 251,849 474,924 54,959 2,267,326 126,291 31,177 115,540 10,112 131,571 21,582 224,963 37,398 Baton Rouge Lake Charles New Orleans Rattlesburg Jackson Meridian Vicksburg Chattanooga Knoxville Nashville 288,176 90,224 1,444,636 37,186 321,625 45,966 22,498 353,038 268,468 752,913 44,515 858,255 35,440 37,587 321,214 178,023 891,730 972,013 286,695 96,061 -4- 40,820 798,797 27,783 35,438 290,644 176,959 128,880 117,009 2,347,608 2,281,037 102,194 106,910 886,427 515,203 83,526 104,976 801,321 494,017 2,128,673 800,162 921,010 220,659 2,433,850 2,700,310 768,251 89,903 202,216 431,295 69,383 1,985,782 107,410 25,853 264,467 255,270 521,278 1,095,660 211,642 27,559 1,269,922 162,375 6,247,083 338,532 81,930 322,950 29,047 375,170 60,715 606,lS4 3.03,614 223,657 101,230 1,368,809 817,796 254,045 4,003,147 619,049 272,154 35,045 108,697 113,050 8,960 140,415 18,201 297,888 49,055 20,743 338,557 276,785 779,943 693,218 921,113 135,540 64,641 979,059 739,283 2,245,993 2,401,924 551,931 189,920 5,419,881 294,421 65,618 305,747 25,763 363,503 52,801 581,765 75,425 3,731,108 100,491 846,568 129,588 58,142 911,081 697,915 2,170,766 BANK DEBITS - December 1959 (In thousands of dollars) December 1959 December 1958 Three months ended December 1959 1 December 1958 DISTRICT NO. 7 - CHICAGO Illinois: Aurora Bloomington Champai gn-Urbana Chicago Danville Decatur Elgin Joliet Moline-East MolineRock Island Peoria Rockford Springfield 86,072 78,867 82,573 18,871,126 51,615 124,452 53,067 98,376 71,643 86,362 77,221 17,632,109 53,117 125,423 50,952 93,065 249,217 221,536 260,659 51,333,570 153,768 388,590 153,106 279,427 214,405 233,998 247,926 47,508,235 154,650 378,229 146,288 265,984 128,005 254,171 220,104 145,057 118,173 249,100 197,475 144,695 378,326 716,780 633,695 419,570 345,077 715,896 560,360 418,597 Indiana: Fort Wayne Gary Hammond Indianapolis Lafayette Muncie South Bend Terre Haute 309,519 143,650 95,292 1,280,024 94,048 94,038 243,079 105,146 282,816 133,912 90,345 1,285,902 77,095 88,532 243,383 96,484 896,590 391,562 264,883 3,819,122 268,191 271,453 669,908 289,975 814,295 373,278 250,996 3,673,952 226,074 241,981 634,878 265,469 Iowa: Burlington Cedar Rapids Clinton Davenport Des Moines Dubuque Mason City Muscatine Ottumwa Sioux City Waterloo 43,069 152,816 30,979 132,163 592,495 78,242 49,485 20,112 39,968 214,280 110,705 39,983 152,208 29,710 131,482 579,171 77,945 48,588 18,690 38,855 213,205 107,025 120,898 450,141 91,927 391,485 1,757,454 232,194 150,827 59,195 120,770 634,729 325,440 114,080 420,461 91,926 366,230 1,639,482 217,590 143,195 58,838 114,249 634,292 311,546 Michigan: Adrian Battle Creek Bay City Detroit Flint Grand Rapids Jackson Kalamazoo Lansing Muskegon Port Huron Saginaw 30,996 87,334 63,648 7,433,592 200,608 398,599 113,186 197,436 163,327 104,575 41,879 142,653 29,908 88,371 62,427 6,874,206 204,898 367,472 107,232 246,496 161,574 93,688 43,228 141,467 92,349 252,308 187,224 20,522,662 582,588 1,131,577 330,700 546,248 490,064 292,351 129,913 413,587 84,072 251,259 179,636 18,152,789 525,718 1,056,775 294,759 562,304 460,958 260,001 123,222 391,963 Wisconsin: Green Bay Kenosha Madison Manitowoc Milwaukee Oshkosh Racine Sheboygan 103,150 81,262 217,952 40,486 2,147,114 47,680 119,098 81,964 100,805 66,739 199,757 40,143 1,978,369 43,664 103,971 73,018 294,791 218,019 605,749 108,789 5,748,625 134,591 324,035 230,313 282,644 177,919 554,303 111,001 5,208,082 118,238 252,343 199,048 5 BANK DEBITS - December 1959 (In thousands of dollars) December 1959 December 1958 Three months ended December 1959 1 December 1958 DISTRICT NO. 8 - ST. LOUIS El Dorado Fort Smith Helena Little Rock Pine Bluff Texarkana (Also see Texas, p. 8) Arkansas: 41,851 66,245 16,049 101,944 67,287 193,416 60,273 772,251 78,191 14,227 256,282 63,731 254,998 99,817 195,574 47,991 723,226 208,080 26,807 25,588 81,320 73,517 271,413 37,023 Alton E. St. Louis & Nat'l. Stock Yards Quincy 50,029 49,589 139,553 130,019 159,986 54,159 165,645 54,000 446,654 163,754 472,422 152,517 Indiana: Evansvilie 183,850 199,501 532,242 556,501 Kentucky: Louisville Owensboro Paducah 1,044,918 66,244 42,234 1,027,423 62,391 38,131 2,927,471 183,711 117,253 2,826,030 170,155 107,550 Mississippi: Greenville 42,998 35,787 137,436 108,534 Missouri: Cape Girardeau Hannibal Jefferson City St. Louis Sedalia Springfield 22,824 14,473 102,282 3,036,604 21,277 118,609 19,984 14,056 93,877 2,837,651 21,462 113,649 68,385 41,908 375,027 8,317,368 59,366 358,237 57,116 40,188 338,217 7,708,906 59,684 333,342 Jackson Memphis 35,775 1,178,079 30,594 941,234 118,756 3,480,463 92,628 2,801,423 473,882 118,438 6,112,222 26,350 165,923 86,433 2,528,440 284,598 69,875 491,320 110,147 5,787,559 92,830 26,225 167,455 38,814 2,131,278 10,262 54,590 29,936 881,853 107,983 25,034 Billings Butte Great Falls Helena 111,625 112,190 329,788 51,140 79,903 48,560 64,069 83,388 56,941 150,427 240,596 141,356 323,679 182,244 247,861 154,104 Bismarck Dickinson Fargo Grand Forks Jamestown Minot 33,225 11,681 88,431 34,122 11,682 35,108 33,492 10,300 94,596 31,326 11,576 33,619 98,279 36,585 281,180 101,300 35,407 107,193 South Dakota: Aberdeen Sioux Falls 26,979 128,189 27,389 125,343 380,520 378,045 Wisconsin: Eau Claire La Crosse Superior 60,153 64,711 20,955 57,233 65,441 20,822 157,758 184,461 59,712 153,837 178,453 59,290 Illinois: Tennessee: DISTRICT NO. 9 - MINNEAPOLIS Minnesota: Duluth Mankato Minneapolis Red Wing Rochester St. Cloud St. Paul South St, Paul Winona Montana: North Dakota: 168,424 42,151 2,136,966 9,019 60,038 30,561 908,298 - 6 - 83,337 26,613 158,227 79,279 2,416,286 314,050 72,642 94,623 33,057 296,448 91,406 35,783 103,809 80,433 December 1959 December 1958 BANK DEBITS - December 1959 (In thousands of dollars) Three months ended December 1959 I December 1958 DISTRICT NO. 10 - KANSAS CITY 113,350 1,524,533 40,643 48,244 94,047 119,092 1,360,640 39,252 45,491 94,180 326,511 4,222,044 114,359 151,291 249,995 331,350 3,915,881 112,257 141,340 252,683 Atchison Dodge City Emporia Hutchinson Independence Kansas City Lawrence Manhattan Parsons Pittsburg Salina Topeka Wichita 16,532 21,266 19,850 63,076 13,484 143,515 24,736 19,491 11,374 21,746 56,288 197,614 480,897 17,848 23,217 19,720 57,759 13,004 151,688 22,567 19,446 10,860 19,775 57,299 171,536 510,236 47,607 66,553 62,259 167,707 35,631 407,006 70,471 60,208 33,589 61,285 170,056 549,026 1,367,689 48,501 67,596 61,921 162,716 35,658 406,450 65,121 57,873 31,357 57,122 162,563 489,379 1,396,193 Missouri: Independence Joplin Kansas City St. Joseph 26,407 46,478 2,103,517 149,786 25,704 50,425 2,089,063 149,111 71,927 135,028 5,853,904 423,573 71,544 142,201 5,663,902 417,279 Nebraska: Fremont Grand Island Hastings Lincoln Omaha 27,863 37,488 27,700 183,483 921,041 25,020 34,635 26,378 171,580 908,131 80,479 107,079 78,239 538,385 2,632,839 76,354 102,155 70,053 489,497 2,571,941 New Mexico: Albuquerque Santa Fe 297,433 56,633 285,377 58,037 856,355 169,692 796,347 158,063 Oklahoma: Bartlesville Enid Guthrie Lawton Muskogee Norman Oklahoma City Okmulgee Ponca City Tulsa 364,510 56,206 6,394 35,790 55,233 18,048 781,219 9,704 29,758 1,133,045 300,473 57,826 5,831 34,530 62,660 17,360 695,403 10,176 25,839 1,102,437 945,305 160,809 19,753 99,746 138,386 55,267 2,245,880 28,985 91,025 3,207,316 841,369 168,974 17,229 86,458 166,850 52,056 2,032,211 31,644 77,498 3,200,400 Wyoming: Casper Cheyenne 80,902 77,660 75,653 50,641 228,185 197,285 218,716 154,613 Colorado: Colorado Springs Denver Grand Junction Greeley Pueblo Kansas: w BANK DEBITS - December (In thousands of dollars December 1959 December 1958 Three months ended December 1959 I December 195# DISTRICT NO. 11 - DALLAS Arizona: Tucson 247,780 228,313 695,682 617,985 Louisiana: Monroe Shreveport 86,611 356,899 83,552 316,045 250,803 978,859 226,034 881,577 New Mexico: Roswell 43,957 40,980 129,985 111,738 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 107,653 237,234 213,663 179,763 186,890 19,455 3,262,774 399,340 873,436 102,415 2,927,523 28,818 292,978 72,417 53,751 648,737 104,644 222,447 192,692 173,830 193,718 19,205 3,014,916 379,999 882,188 100,918 2,802,442 28,959 228,904 65,727 53,497 632,248 305,209 699,457 627,242 485,934 554,292 55,167 8,587,099 1,148,641 2,380,005 286,837 7,894,100 82,755 778,445 199,548 162,735 1,830,195 280,413 631,098 549,667 471,736 553,961 56,542 7,710,664 1,015,982 2,332,198 278,930 7,361,159 79,430 642,296 192,500 158,092 1,702,653 24,945 88,197 114,391 130,948 21,644 93,999 106,764 122,828 69,010 250,171 339,000 371,590 62,502 261,295 306,095 341,921 604,226 2,013,720 1,643,078 205,792 145,807 307,502 388,153 7,562,353 99,570 963,491 241,252 119,736 849,620 153,721 820,235 4,998,924 395,569 , 91,669 75,788 119,492 638,777 441,258 1,100,710 1,046,815 20,480,918 292,854 2,531,659 731,060 371,480 3,677,699 404,187 2,773,892 14,398,683 1,174,431 286,061 177,465 444,542 580,218 404,546 861,841 1,056,765 19,714,416 281,059 2,422,606 655,574 324,536 2,760,560 388,199 2,237,254 13,301,201 1,072,519 253,339 181,154 346,735 DISTRICT NO. 12 - SAB FRANCISCO 721,650 Arizona: Phoenix California: Bakersfield Berkeley Fresno Long Beach Los Angeles Modesto Oakland Pasadena Riverside Sacramento San Bernardino San Diego San Francisco San Jose Santa Barbara Santa Rosa Stockton Idaho: Boise 144,907 138,185 412,739 391,153 Nevada: Reno 118,307 96,918 346,041 279,973 Oregon: Eugene Portland Salem 114,486 1,271,386 146,929 89,066 1,145,057 148,993 307,893 3,788,705 440,357 258,545 3,331,923 410,246 Utah: Ogden Salt Lake City 110,696 642,576 113,061 582,951 324,851 1,748,143 316,747 1,532,492 Washington: Bellingham Everett Seattle Spokane Tacoma Walla Walla Yakima 4o,694 65,O4O 1,732,119 288,573 235,583 35,017 77,440 39,580 61,681 1,456,864 277,258 241,102 32,753 75,699 124,157 190,665 4,841,563 868,414 675,788 105,150 236,542 118,936 172,991 4,232,475 833,636 660,743 95,853 230,398 253,441 154,131 389,100 365,761 7,600,954 98,795 920,552 259,615 135,643 1,080,252 148,604 1,002,391 5,222,074 4o4,662 103,648 62,544 149,240 -8-
@FedFRASER