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STATEMENT FOR THE PRESS Board of Governors of the Federal Reserve System BANK DEBITS January 3, 1938 Form Fft-285 For immediate release Debits to individual accounts, as reported by banks in leading cities for the week ended December 29, which included only five business days, aggregated #8,525,000,000, or 17 percent below the total reported for the preceding week and 12 percent below the total for the corresponding week of last year, which also in cluded only five business days. Aggregate debits for the l4l cities for which a separate total has been main** tained since January 1919 amounted to $7,884,000,000, Compared with $9,458,000,000 the preceding week and $9,005,000,000 the week ended December 30 of last year. SUMMARY BX FEDERAL RESERVE DISTRICTS Federal Reserve District No, 1 - Boston 2 - New York 3 “ Philadelphia 4 - Cleveland 5 - Richmond 6 - Atlanta 7 - Chicago 8 - St. Louis 9 ~ Minneapolis 10 - Kansas City 11 - Dallas 12 - San Francisco Number of centers included 17 15 18 25 24 269,300 26 227,863 4l 1 , 163,326 16 222,989 150,835 270,015 188,111 639,562 8 ,5 ^ ,7 0 8 17 28 18 29 274 TOTAL Dec. 29, 1937 461,746 3,896,629 409,167 625,165 endec1 W< e k Dec, 30, Dec. 22, 1936 1937 536,786 514,850 4,558,681 4,830,521 504,661 457,877 643,510 674,868 270,555 34-2,767 226,501 278,957 1,409,912 1,351,536 250,472 272,713 173,110 163,4-10 272,136 315,387 249,666 183,893 690,982 747,222 10,246,558 9,674,4-15 DEBITS BY BANKS IN EACH REPORTING CENTER Week ended Dec. 29, 1937 DISTRICT NO. 1 - BOSTON Bangor, Maine Boston, Mass. Brockton, Mass. Burlington, Vt. Fall River, Mass. Hartford, Conn. Holyoke, Mass. Lowell, Mass, Lynn, Mass. Manchester, N. H. New Bedford, Mass. New Haven, Conn, Portland, Maine Providence, R. I , Springfield, Mass, Waterbury, Conn, Worcester, Mass, DISTRICT NO. 2 - NEW YORK Albany, N. Y. Binghamton, N. Y. Buffalo, N. Y. Elmira, N. Y. Jamestown, N, Y, Montclair, N. J, Newark, N. J. New York, N. Y, 3,103 307,142 3,094 1,717 3,318 40,286 2,204 2,938 4,210 3,062 3,103 17,4-93 7,363 30,839 14,367 5,-881 11,626 45,164 4-,305 55,904 2,714 3,153 3,688 71,817 3,586,985 Week ended Dec. 29, 1937 DISTRICT NO. 2 - NEW YORK (Cont»d) Northern New Jersey Clearing House Assnt 57,494 5,065 Passaic, N. J. 2,687 Poughkeepsie, N. Y, Rochester, N. Y, 28,705 3,769 Stamford, Conn, 18,548 Syracuse, N. Y, 6,631 Utica, N. Y. DISTRICT NO. 3 “ PHILADELPHIA 5,538 Allentown, Pa. 2,231 Altoona, Pa. 10,204 Camden, N. J. 2,744 Chester, Pa. 8,859 Harrisburg, Pa. 2,841 Hazleton, Pa. 3,259 Johnstown, Pa. 5,04-9 Lancaster, Pa. 1,539 Lebanon, Pa, 2,168 Norristown, Pa, 282,576 Philadelphia, Pa, 6,025 Reading, Pa. Scranton, Pa. 9,365 20,714Trenton, N; J, Wilkes-Barre, Pa. 5,250 2,23^ Williamsport, Pa. 32,084 Wilmington, Del. 6,487 York, Pa. Form FRr-285-a DEBITS BY BANKS IN EACH REPORTING CENTER ________ (In thousands of dollars)_________ Week ended Dec. 29, 1937 DISTRICT NO. 4 - CLEVELAND Akron, Ohio Butler, Pa. Canton, Ohio Cincinnati, Ohio Cleveland, Ohio Columbus, Ohio Dayton, Ohio Erie, Pa. Franklin, Pa. Greensburg, Pa. Hanilton, Ohio Homestead, Pa. Lexington, Ky. Lima, Ohio Lorain, Ohio Middletown, Ohio Oil City, Pa. Pittsburgh, Pa. Springfield, Ohio Steubenville, Ohio Toledo, Ohio Warren, Ohio Wheeling,. W. Va. Youngstown, Ohio Zanesville, Ohio DISTRICT NO. 6 - ATLANTA Albany, Ga. Atlanta, Ga. Augusta, Ga. Birmingham, Ala. Brunswick, Ga. Chattanooga, Tenn. Columbus, Ga. Dothan, Ala. 11,696 3,304 966 1,876 2,867 236,276 3,91-4 2,091 33,520 2,137 7,932 9,222 1,67-4 2,548 73,928 2,839 15,790 11,155 5,640 2,089 1,890 4,037 3,611 4,143 1,679 4,131 3,162 2,218 11,545 899 8,187 34,559 5,370 1,890 57,303 2,363 a oo DISTRICT NO. 5 - RICHMOND Asheville, R. C. Baltimore, Md. Charleston, S. C. Charleston, W. Va. Charlotte, N. 0. Columbia, S. C. Cumberland, Md. Danville, Va. Durham, N. 0. Greensboro, N. C. Greenville, S. C. Hagerstown, Md. Huntington, W. Va. Lynchburg, Va. Newpqrt News, Va. Norfolk, Va. Portsmouth, Va. Raleigh, N« C. Richmond, Va. Roanoke, Va. Spartanburg, S. C. Washington, D. C, Wilmington, C. Winston-Salem, N. C. 13,598 2,207 7 ,AAA 7-4,098 1-45,977 37,330 1-4,471 7,071 557 1,784 2,-471 682 1,070 48,613 3,379 20,193 742 8,858 2,676 852 Week ended Dec. 29, 1937 DISTRICT NO. 6 - ATLANTA (Cont»d) 236 Elberton, Ga. 1,024 Hattiesburg, Miss. Jackson, Miss. 4,615 16,727 Jacksonville, Fla. 7,036 Knoxville, Tenn. 3,426 Macon, Ga. 1,824 Meridian, Miss, 8,481 Miami, Fla. 8,490 Mobile, Ala, 5,180 Montgomery, Ala, 16,396 Nashville, Tenn. 514 Newnan, Ga, 50,213 New Orleans, La, 1,749 Pensacola, Fla. 6,744 Savannah, Ga. 6,381 Tampa, Fla. 837 Valdosta, Ga. 1,607 Vicksburg, Miss, DISTRICT NO. 7 - CHICAGO Adrian, Mich. Aurora, 111, Battle Creekj Mich, Bay City, Mich. Bloomington, 111, Cedar Rapids, Iowa Chanpaign-Urbana, 111, Chicago, 111, Clinton, Iowa Danville, 111, Davenport, Iowa Decatur, 111, Des Moines, Iowa Detroit, Mich. Dubuque, Iowa Elgin, 111, Flint, M ch. Fort Wayne, Ind. Gary, Ind. Grand Rapids, Mich. Green Bay, Wis. Hammond, Ind, Indianapolis, Ind, Jackson, Mich. Kalamazoo, M ch. Lansing, Mich. ManitowoS >Wis, Mason City, Iowa Milwaukee, Wis, Moline, 111, Muscatine, Iowa Oshkosh, Wis, Peoria, 111. Rockford, 111. Saginaw, Mich. Sheboygan, Wis. Sioux City, Iowa South Bend, Ind. Springfield, 111, Terre Haute, Ind, Waterloo, Iowa 838 2,447 2,425 2 ,.281 2,319 4,761 2,538 667,613 1,095 2,185 4,445 3,643 19,026 234,939 1,922 1,475 6,367 7,426 3,956 12,471 2,963 2,168 41,155 3,087 4,814 5,315 1,656 2,051 55,927 1,626 617 2,110 11,327 6,620 4,308 1*1 3,464 7,685 . I* 8,463 5,652 4 ,6 58 3,488 . Form FK-285-b DEBITS BY BANKS IN EACH REPORTING CENTER ______________________________ _______ (in thousands of dollars)________ Week ended Week ended Dec. 29, 1937 Dec. 29, 1937 DISTRICT NO. 8 - ST. LOUIS DISTRICT NO. 10 - KANSAS CITY (Cont*d) East St. Louis & Nat»l Omaha, Neb, 28,963 6,684 Stock Yards, 111. 1,100 Pittsburg, Kans. Eldorado, Ark. 1,225 3,996 Pueblo, Colo, ‘Evansville, Irid. 7,255 St, Joseph, Mo. 5,495 3,000 Fort Smith, Ark. Topeka, Kans. 2,807 Greenville, Miss. 1,057 41,926 Tulsa, Okla, Helena, Ark. 402 Wichita, Kans. 10,155 Little Rock, Ark. 8,432 Louisville, Ky* 34,029 DISTRICT NO. 11 -DALLAS Memphis, Tenn. 27,311 1,918 Abilene, Tex, Owensboro, Ky. 1,395 Austin, Tex. 4,671 Pine Bluff, Ark. 2,179 Beaumont, Tex, 4,670 Quincy, 111, 1,517 Corsicana, Tex, 70 5 St, Louis, Mo. 124,900 Dallas, Tex, 55,201 Sedalia, Mo. 609 El Paso, Tex, 6,701 2,416 Springfield, Mo. Fort Worth, Tex, 17,763 Texarkana,Ark.(See also Tex.) 578 Galveston, Tex, 5,497 Houston, Tex, 49,095 DISTRICT NO. 9 - MINNEAPOLIS Port Arthur, Tex. 1,724 846 Aberdeen, S. D. Roswell, N. M. 742 Billings, Mont. 1,770 San Antonio, Tex. 14,153 182 Dickinson, N. D. Shreveport, La, 12,788 Duluth, Minn. 9,682 Texarkana, Tex. 2,981 Fargo, N. D. (See also Ark,) 1,077 856 Grand Forks,N. D. Tucson, Ariz. 2,247 Helena, Mont. 2,443 Tyler, Tex. 2,801 248 2,728 Jamestown, N. D, Waco, Tex. 1,536 La Crosse, U s . Wichita Falls, Tex. 3,630 Minneapolis, Minn. 81,892 1 636 DISTRICT NO. 12 - SAN FRANCISCO Minot, N. D. Red Wing, Minn. Bakersfield, Calif, 355 4,428 36,945 St. Paul, Minn. Bellingham, Wash. 1,542 Sioux Falls, S, D, 3,436 3,642 Berkeley, Calif. South St. Paul, Minn. 4,117 Boise, Idaho 3,772 Superior, Wis. 810 Eugene, Ore. 1,223 1,894 Everett, Wash. Winona, Minn. 1,673 7,198 Fresno, Calif. DISTRICT NO. 10 - KANSAS CITY Long Beach, Calif. 7,317 Albuquerque, N. M. 2,755 Los Angeles, Calif. 188,712 890 25,038 Atchison, Kans. Oakland., Calif, 8,924 Bartlesville, Okla. Ogden, Utah 3,647 Casper, Wyo. 1,463 5,068 Pasadena, Calif, Cheyenne, wyo* 1,525 Phoenix, Ariz. 10,375 Colorado Springs, Colo. 3,342 31,168 Portland, Ore, Denver, Colo* 34,769 Reno, Nev. 2,644 1,994 Enid, Okla. Sacramento, Calif. 23,047 Fremont, Neb. 2,808 535 Salem, Ore. Grand Junction, Colo* 765 Salt Lake City, Utah 19,594 . 4o4 Guthrie7 Okla. San Bernardino, Calif* 2,243 2,158 Hut Zir con, Kans. San Diego, Calif. 10,542 524 Independence, Kans. San Francisco., Calif. 212,835 5,088 Joplin, Mo* 2,123 San Jose,Calif. Kansas City, Kans, 3,271 2,922 Santa Barbara, Calif. Kansas City, Mo, Seattle, Wash. 74,742 38,562 848 Lawrence, Kans, Spokane, Wash. 10,207 4,336 Lincoln, Neb. 6,220 Stockton, Calif. 1,930 Muskogee, Okla. Tacoma,Wash. 6,397 25,684 Oklahoma City, Okla* Walla Walla, Wash. 1,173 Okmulgee, Okla* Yakima, Wash, 707 2,567 Form Fft-285 For immediate release STATEMENT FOR THE PRESS Board of Governors of the Federal Reserve System BANK DEBITS January 3, 1938 Debits to individual accounts, as reported by banks in leading cities for the week ended December 29, which included ouly five business days, aggregated $8,525,000,000, or 17 percent below the total reported for the preceding week and 12 percent below the total for the corresponding week of last year, wiich also rnrcluded only five business days. Aggregate debits for the l4l cities for which a separate total has tained since January 1919 amounted to #7,884,000,000, compared with $9,458,000,000 the preceding week and $9,005,000,000 the week ended December 30 of last year. SUMMARY BY FEDERAL RESERVE DISTRICTS ________(in thousands of dollars) fe e k e n d e Number Federal Dec, 30, Dec. 22, Dec. 29, of centers Reserve 1936 1937 included 1937 District No. 1 - Boston 17 461,746 514,850 2 - New York 15 3,896,629 4,830,521 4,558,681 3 - Philadelphia 18 409,167 504,661 457,877 4 - Cleveland 25 625,165 674,868 643,510 5 - Richmond 24 269,300 342,767 270,555 6 - Atlanta 26 227,863 278,957 226,501 7 - Chicago 4l 1,163,326 1,351,536 1,409,912 8 - St. Louis 16 222,989 272,713 250,472 9 ~ Minneapolis 17 150,835 163,410 173,110 10 - Kansas City 28 270,015 315,387 272,136 11 - Dallas 18 188,111 249,666 183,893 12 - San Francisco ______29__________ 639,562,_________ 747,222________ 690,982 8,524,708 10,246,558 9,674,415 TOTAL 274 DEBITS BY BANKS IN EACH REPORTING CENTER (In thousands of dollars) Week ended Week ended Dec. 29, 1937 Dec. 29, 1937 DISTRICT NO. 2 - NEW YORK (Cont’d) DISTRICT NO. 1 - BOSTON Northern New Jersey Bangor, Maine 3,103 Clearing House Assnt 57,494 Boston, Mas s. 307,142 Passaic, N. J. 5,065 Brockton, Mass. 3,094 Poughkeepsie, N. Y, 2,687 Burlington, Vt. 1,717 Rochester, N. Y, 28,705 Fall River, Mass. 3,318 Stamford, Conn, 3,769 Hartford, Conn, 40,286 Syracuse, N. Y, • 18,548 Holyoke, Mass. 2,204 Utica, N. Y. 6,631 Lowell, Mass. 2,938 •Lynn, Mass, 4,210 DISTRICT NO. 3 - PHILADELPHIA Manchester, N. H. 3,062 Allentown, Pa, 5,538 New Bedford, Mass. 3,103 Altoona, Pa. 2,231 New Haven, Conn, 17,493 Camden, N. J. 10,204 Portland, Maine 7,363 Chester, Pa. 2,744 Providence, R. I . 30,839 Harrisburg, Pa, 8,859 Springfield, Mass, 14,367 Hazleton, Pa. 2,841 Waterbury, Conn, 5,881 Johnstown, Pa. 3,259 Worcester, Mass, 11,626 Lancaster, Pa. 5,049 Lebanon, Pa. 1,539 DISTRICT NO. 2 - NEW YORK Norristown, Pa. 2,168 Albany, N. Y. 45,164 Philadelphia, Pa. 282,576 Binghamton, N. Y. 4,305 Reading, Pa. 6,025 Buffalo, N. Y. 55,904 Scranton, Pa. 9,365 Elmira, N. Y. 2,714 Trenton, N. J. 20,714 Jamestown, N. Y. 3,153 Wilkes-Barre, Pa. 5,250 Montclair, N. J. 3,688 Williamsport, Pa. 2,234 Newark, N. J . 71,817 Wilmington, Del, 32,084 New York, N. Y, 3,586,985 York, Pa. 6,487 jkForm FR-285~a DEBITS BY BANKS IN EACH REPORTING CENTER ______________________________ ________ (in thousands of dollars)_________ Week ended Week ended Dec. 29, 1937 Dec. 29, 1937 DISTRICT NO. 4 - CLEVELAND Akron, Ohio Butler, Pa. Canton, Ohio Cincinnati, Ohio Cleveland, Ohio Columbus, Ohio Dayton, Ohio Erie, Pa. Franklin, Pa. Greensburg, Pa. Hanilton, Ohio Homestead, Pa. Lexington, Ky. Lina, Ohio Lorain, Ohio Middletown, Ohio Oil City, Pa. Pittsburgh, Pa. Springfield, Ohio Steubenville, Ohio Toledo, Ohio Warren, Ohio Wheeling, W. Va. Youngstown, Ohio Zanesville, Ohio DISTRICT NO. 5 - RICHMOND Asheville, N. C. Baltimore, Md. Charleston, S. C. Charleston, W. Va. Charlotte, N. C. Columbia, S. C. Cumberland, Md. Danville, Va. Durham, N. C. Greensboro, N. C. Greenville, S. C. Hagerstown, Md. Huntington, W. Va. Lynchburg, Va. Newport News, Va. Norfolk, Va. Portsmouth, Va. Raleigh, N. C. Richmond, Va. Roanoke, Va, Spartanburg, S. C. Washington, D. C. Wilmington, N. C. Winston-Salem, N. C. DISTRICT NO. 6 - ATLANTA Albany, Ga. Atlanta, Ga. Augusta, Ga. Birmingham, Ala. Brunswick, Ga. Chattanooga, Tenn. Columbus, Ga. Dothan, Ala. 13,598 2,207 7,444 74,098 145,977 37,330 14,471 7,071 557 1,784 2,471 682 11,696 3,304 966 1,876 2,867 236,276 3,914 2,091 33,520 2,137 7,932 9,222 1,674 2,54 8 73,928 2,839 15,790 11,155 5,640 2,089 1,890 4,037 3,611 4,143 1,679 4,131 3,162 2,218 11,545 899 8,187 34,559 5,370 1,890 57,303 2,363 8,304 1,070 48,613 3,379 20,193 i 742 8,858 2,676 852 DISTRICT NO. 6 - ATLANTA (Cont*d) 236 Elberton, Ga. 1,024 Hattiesburg, Miss. 4,615 Jackson, Miss, 16,727 Jacksonville, Fla. 7,036 Knoxville, Tenn. 3,426 Macon, Ga. 1,824 Meridian, Miss. 8,481 Miami, Fla. 8,490 Mobile, Ala. 5,180 Montgomery, Ala. 16,396 Nashville, Tenn. 514 Newnan, Ga. 50,213 New Orleans, La. 1,749 Pensacola, Fla. 6,744 Savannah, Ga. 6,381 Tampa, Fla. 837 Valdosta, Ga. 1,607 Vicksburg, Miss. DISTRICT NO. 7 - CHICAGO Adrian, Mich. Aurora, 111. Battle Creek, Mich. Bay City, Mich. Bloomington, 111. Cedar Rapids, Iowa Champaignr'Urbana, 111. Chicago, 111. Clinton, Iowa Danville, 111. Davenport, Iowa Decatur, 111. Des Moines, Iowa Detroit, Mich. Dubuque, Iowa Elgin, 111. Flint, Mich. Fort Wayne, Ind. Gary, Ind. Grand Rapids, Mich. Green Bay, Wis. Hammond, Ind. Indianapolis, Ind. Jackson, Mich. Kalamazoo, Mich. Lansing, Mich. ManitowoQ >Wi s. Mason City, Iowa Milwaukee, Wis. Moline, 111. Muscatine, Iowa Oshkosh, Wis. Peoria, 111. Rockford, 111. Saginaw, Mich. Sheboygan, Wis. Sioux City, Iowa South Bend, Ind. Springfield, 111* Terre Haute, Ind* Waterloo, Iowa 838 2,447 2,425 2*281 2,319 4,761 2,538 667,613 1,095 2,185 4,445 3,643 19,026 234,939 1,922 1,475 6,367 7,426 3,956 12,471 2,963 2,168 41,155 3,087 4,814 5,315 1,656 2,051 55,927 1,626 617 2,110 11,327 6,620 4,308 3,464 7,685 jk^ 8,463 5,652 4,658 3,488 - Fprm .Ffr-285-b DEBITS BY BANKS IN EACH REPORTING CENTER ___________________________ __ ________ (In thousands of dollars)________ Week ended Week ended Dec. 29, 1937 Dec. 29, 1937 DISTRICT NO. 8 - ST. LOUIS DISTRICT NO. 10 - KANSAS CITY (Cont»d) East St. Louis & Nat»l Omaha, Neb. 28,963 6,684 Stock Yards, 111, Pittsburg, Kans. 1,100 Eldorado, Ark, 1,225 3,996 Pueblo, Colo. Evansville, ind. 7,255 St. Joseph, Mo. 5,495 Fort Smith, Ark, 3,000 Topeka, Kans. 2,807 Greenville, Miss, 1,057 41,926 Tulsa, Okla. Helena, Ark, 402 Wichita, Kans. 10,155 Little Rock, Ark, 8,432 Louisville, Ky, 3-4,029 DISTRICT NO. 11 -DALLAS Memphis, Tenn, 27,311 Abilene, Tex. 1,918 Owensboro, Ky, 1,395 Austin, Tex, 4,671 Pine Bluff, Ark. 2,179 Beaumont, Tex, 4,670 Quincy, 111, 1,517 Corsicana, Tex. 705 St, Louis, Mo, 124,900 Dallas, Tex, 55,201 Sedalia, Mo. 609 El Paso, Tex, 6,701 Springfield, Mo, 2,416 Fort Worth, Tex. 17,763 Texarkana,Ark.(See also Tex.) 578 Galveston, Tex. 5,497 Houston, Tex. 49,095 DISTRICT NO. 9 - MINNEAPOLIS Port Arthur, Tex. 1,724 846 Aberdeen, S, D, Roswell, N. M. 742 Billings, Mont, 1,770 San Antonio, Tex. 14,153 Dickinson, N. D. 182 Shreveport, La. 12,788 Duluth, Minn, 9,682 Texarkana, Tex. 2,981 Fargo, N. D. (See also Ark.) 1,077 856 Grand Forks,N. D, Tucson, Ariz. 2,247' 2,443 Helena, Mont, Tyler, Tex, 2,801 248 Jamestown, N. D. Waco, Tex, 2,728 1,536 La Crosse, Wis, Wichita Falls, Tex, 3,630 Minneapolis, Minn. 81,892 636 Minot, N.' D. DISTRICT NO. 12 - SAN FRANCISCO Red Wing, Minn, Bakersfield, Calif. ■ 355 4,428 St. Paul, Minn. Bellingham, Wash. 36,945 1,542 Sioux Falls, S. D. 3,642 3,436 Berkeley, Calif. South St. Paul, Minn, 4,117 Boise, Idaho 3,772 Superior, Wis, 810 Eugene, Ore. 1,223 1,894 Winona, Minn, Everett, Wash, 1,673 Fresno, Calif. 7,198 DISTRICT NO. 10 - KANSAS CITY Long Beach, Calif, 7,317 Albuquerque, N. M. 2,755 Los Angeles, Calif, 188,712 890 Atchison, Kans, 25,038 Oakland, Calif, Bartlesville, Okla, 8,924 Ogden, Utah 3,647 Casper, Wyo, 1,463 5,068 Pasadena, Calif, Cheyenne, wyo* 1,525 Phoenix, Ariz, 10,375 Colorado Springs, Colo, 3,342 31,168 Portland, Ore, Denver, Colo, 34,769 2,644 Reno, Nev. Enid, Okla, 1,994 Sacramento, Calif. 23,047 Fremont, Neb, 2,808 Salem, Ore, 535 Grand Junction, Colo, Salt Lake City, Utah 19,594 765 Guthrie, Okla, 404 San Bernardino, Calif* 2,243 Hutchinson, Kans, 2,158 10,542 San Diego, Calif. 524 Independence, Kans, San Francisco, Calif, 212,835 5,088 Joplin, Mo, 2,123 San Jose,Calif, Kansas City, Kans, 3,271 2,922 Santa Barbara, Calif, Kansas City, Mo* Seattle, Wash. 74,742 38,562 Lawrence, Kans, 848 Spokane, Wash, 10,207 Lincoln, Neb, 6,220 4,336 Stockton, Calif. Muskogee, Okla* 6,397 1,930 Tacoma,Wash. 25,684 Walla Walla, Wash. Oklahoma City, Okla* 1,173 Okmulgee, Okla* Yakima, Wash. 2,567 707
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