Full text of G.6 Bank Debits and Deposit Turnover : July 10, 1921
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STATEMENT IDR(THE press Released fo r publication Sunday morning, Ju ly 10; not e a rlie r. S t.2 11 m-. Federal Reserve Board July 9 , 1921* BANK DEBITS Volume of business, as measured by debits to individual accounts reported to the Federal Reserve Board fo r banks in 153 important clearing house centers, increased from $6,905,000,000 for the week ending June 29 to $7,592*000,000 for the week ending Ju ly 6, an increase of $657,000,000, or about 10 per cent. The larger volume of debits for the most recent week, which contained only five business days, as Ju ly Fourth is a legal holiday in a ll Federal reserve dis tric ts , is attributable to heavy payments in settlement of accounts for the month, the quarter, and the fisca l year. A ll leading centers show larger fig ures for the week. As compared with the corresponding weeK in 1920, debits for the week ending July 6 are smaller by $933,060,000, or about 11 per cent. Tnis comparatively small lag between the figures for corresponding weeks of th is year and of the past year is apparently due to the fact that June 30 with it s large voluae of payments was included in the preceding week ending June 30 in 1920 and in the week 4r.a&pg i'cl y 6 in 1 DEBITS TO INDIVIDUAL ACCOUNTS-AT CLEARING HOUSE BANKS SUMMARY BY FEDERAL RESERVE DISTRICTS________ Federal • ;Number o f : __________________ Week ending. Reserve : centers : Jvly ^ ig2i - June 29, 1921 : Ju ly 7, X920 D istrict : included : ________ (In thousands of dollars) 361,275 336,044 473,127 14 Boston No. 1 4,217,547 3 »742,943 4 , 222,726 2 New York 7 371,903 357,446 427,373 Philadelphia 10 3 329,312 359,635 522,457 4 Cleveland 13 165,727 152,929 1 29 , 733 8 5 Richmond IS O , 540 155,526 234 , 2S2 Atlanta 6 15 846,564 796,672 1 , 096,359 22 7 Chicago 16 s , 212 153,553 210,567 S S t. Louis 5 1 1 6 , ISO 113,904 144,03S q Minneapolis 11 J 220,620 208,554 284,539 10 Kansas City 15 1 1 9 , 6 s 6 121,191 149,964 11 Dallas 13 ____ 563,294 433,595_________ 406,109 20 12 San Francisco TOTAL 153 7,591,761 6,904,512 8,524,519 REPORTING CENTERS BY FEDERAL RESERVE DISTRICTS (In thousands of dollars) DISTRICT No. 1 - BOSTON 3,242 3 ,90? Bangor 3>5l4 295,064 221,563 Boston (*217,72S) 288,633 (*215»68 9 ,528 5,017 F all River 4,6*1 28,528 12,417 Hartford 27,791 4 , o 45 2,819 Holyoke 2,887 3,846 5,77S Lowell 3,253 5,904 3.S73 Manchester 4,105 7,498 4,947 New Bedford 5,025 21,130 13,727 N6W Haven 18,231 S.35S 5,239 . Portland 5,7-Pl 39,964 29 , 23s Providence . 33,319 17,363 11,624 Springfield 13,251 7,814 5,239 Waterbury *^13 18,304 13,127 i 4 ,S 3 6 Forces ter DISTRICT No. 2 - NE^ YORK Albany 37,006 Binghamton 4,274 Buffalo 69,064 New York 4,050,119 Passaic 5,070 Rochester 35,991 Syracuse 16,023 31,373 3,361 49 , 49s 617,372 4,616 24,599 1 2 ,12 4 ♦Doibits o f b a n k s w h i c h s u b m i t t e d r e p o r t s 22,324 4,799 78,900 4,060,377 5,952 34,920 21,454 . . in 1920. VI S t,2 1 l4 a . DEBITS TO INDIVIDUAL' ACCOUNTS AT CLEARING HOUSE BANKS . « ' Week endine * J u ly 6 . 19£1 : June 29. 1921 : J u ly 7 , 13.20 (In thousands o f d o lla r s ) DISTRICT No. 3 - PHILADELPHIA 2,919 A lto o n a 3 ,18 7 2,759 3,884 5,567 3 >soo C hester 6,54 i H arri sburg 6,235 5 ,10 2 Johnstown 4, 7^5 5,437 L an caster 4,277 4,391 359,956 3 1 1 ,1 2 2 P h ila d e lp h ia 295,195 . 8 ,4 s 6 Reading 8,630 15,148 16,096 Scranton l 4 , 213 Trenton 10,013 11,793 9,793 8,801 W ilkes-B arre 7,000 8,135 4,405 YTillia m s p o r t i+.osg 3,529 8,230 Wilmington 1 1 ,0 1 5 9,651 York 5 ,1 1 7 3,479 3 ,7 17 DISTRICT No. 4 - CLEVELAND Akron C in cin n a ti C lev ela n d Columbus Dayton E rie Greens 'burg L exin gto n O il C ity P itts b u r g h S p r in g fie ld Toledo W heeling Youngstown DISTRICT No. 5 - RICHMOND B altim ore C h a rlesto n C h a rlo tte Columbia G r e e n v ille , S .C , Huntington N o rfo lk R a le ig h Richmond Washington Wilmington DISTRICT No. 6 - ATLANTA A tla n ta Augusta Birmingham Chattanooga J a c k s o n v ille K n o x v ille Macon Mob i l e Mo ntgomery N asJrtllle New O rlean s P en saco la Savannah Tampa V icksburg l4 , 700 5 s ,it e 1 1 7 , 55^ 27 , 2U2 12 ,9 76 25,605 56,149 102,281 27,343 182,243 28,333 13,568 1 1 ,1 9 6 13 ,15 2 7,435 5,211 5 , 2U6 5,892 3,882 4 ,166 2,453 15 2 ,12 3 4,007 2‘U, 029 7,273 5,449 3,881 3,143 2 , l 6l 14 5 ,7 7 6 3,377 23,838 7,544 12,1+23 10,670 99,260 7,019 5,865 4,300 93,899 3,64o 4 ,540 13,888 4,350 ^1 >357 5,039 24,697 5,308 1^ ,552 7,906 9 ,7 88 6 ,1 9 7 4,166 5,709 2,400 2^,992 56,872 1,406 10,329 4,908 1,3 10 2,833 191,768 4,257 30,784 8,051 17,539 4,353 1 2 , 13 ! 4,4oo 108,543 9,875 . 7,340 5,742 5 ,17 5 • 19,797 3,900 21,766 29,361 5,000 5,750 5,630 2,543 4 i , 54 s 4,640 20,473 4,007 11,9 9 1 6,839 8,804 4,1495 3,73 1 5,037 2,602 23,844 48,954 1,2 3 4 28,668 8,282 17,234 12,605 13,936 6,923 6,390 8,013 4,636 22,374 79 , 279 2,150 8 ,17 2 15,303 l,o4o 1,79 2 6,097 d e b it s to in d iv id u a l ____ ___ j______ ______________: '• accounts J u ly 6, at house IQ SI : (In DISTRICT N o . 7 - CEICAC-0 ’ ; Say C it y . . . • •E ld o m in g to n J u n e ' 29, 2,720 D avenport D ecatur Diabv.que 3,212 F lin t 5 ,6 3 9 F t , Wayne 17,390 In d ia n a p o lis Jackson 3 2,24 4 6,159 17,0 6 3 31,676 3 ,1 8 2 M 38 K a la m a z o o L an sin g 3,807 6,100 M ilw a u k e e M olin e 50 ,956 , h5 , 3 0 7 P e o ria 7 ,9 ^ 8 R ockford S io u x C i t y 5 ,8 11 7 ,1 ^ 3 4 ,i4 4 9 ,3 8 4 3 ,2 79 4 ,5 8 0 1 91+2 1,405 S o u t h Bend S p r in g fie ld ,11 1, 6 ,9 5 7 W a te rlo o 2,769 4,697 2 , 71+9 6,971 5,694 8,356 8 - and Yards Ro c k 5 ,70 5 7 ,3 3 7 L o u is v ille Memphi s (*12 2 ,6 l2 ) Ou i n c y S t. 3 ,9 0 5 18,670 11+1,300 M 33 17,762 ■ 7 ,7 3 3 20,523 4 o , 29 6 4,829 5,461 7,562 65,633 7 ,2 7 7 14 ,16 6 5 ,3 6 l 4,052 S T . LOUIS E a s t S ti L o u is N a t ' l , S to ck E v a n sv ille L i t tle 9.-789 11,961 8,162 5,372 DISTRICT No. 8 , 600 690 > 9 3 2,379 M 7b 7,2 7 9 G ra n d R a p i d s 3 ,3 4 2 2 ,8 4 5 8,403 13 ,3 9 1 io 4 ,so o D e tro it J u l y ? . 1920' 523 , 1+149 5,562 2,550 14,396 89 ,665 7 ,1 5 1 2,673 Des M o in e s : 2,027 2 ,14 4 S , d1 3 5Ul4,121 C h icago • ' 1921 thousands o f d o lla r s ) 2,22k Cedar R a p id s st.snUb. banks Week ending L cu i s (* 112 ,6 8 2 ) S p r in g fie ld , Mo. DISTRICT No. 9 - MINNEAPOLIS Aberdeen B i lli n g s D u lu th Fargo Grand Forks Great F a lls Helena M inneapolis S t. Paul Sioux F a lls Superior "vino na Cheyenne Colorado Springs Denver J o p lin Kansas C ity , Kans. Kansas C it y , Mo. Muskogee Oklahoma C ity Omaha Pueblo S t, J o s e p h Topeka T u lsa W ichita 12 3 ,6 8 2 2,875 (* 22 , 205) (*IC 0 ,8 6,003 8 ,259 28,8 21 8 ,647 26,282 1,78 9 7 7)113 ,3 9 7 135,606 1,3 5 2 1,5 14 2,657 60,946 26,069 2,136 970 2,219 2,538 2,316 32 , 115 . 1,673 3 ,3 3 9 6 3 ,5 6 7 3 ,8 2 5 21,058 38,052 4 ,4 8 2 13,551 3 ,9 8 5 17 ,3 7 8 10,*5 22 - - 2,3 24 16,301 1,79 7 1,2 2 7 3 3 ,^ 2 9 17 ,4 0 1 1,167 1,667 1 5 , 1+98 2,654 1 ,l4 6 — DISTRICT No,. 1 0 - KANSAS CITY A tchison B a r tle sv ille 29,307 19,887 2,093 — U, 8 1 1 1,8 0 8 1,2 2 9 1,4 2 6 1,5 9 1 16 ,3 5 1 4 ,0 2 3 2 ,13 3 905 1,5 71 2,293 2,553 7^,967 5 8 ,8 3 7 26,693 3 4 ,6 3 6 4 ,5 8 7 5 ,5 7 1 2,036 1,409 l,13b sj 6 1,10 4 1,965 1,920 2,269 32,657 1,7 5 0 3 ,5 8 2 3 ,7 9 2 1,8 8 2 . 2 ,795 41,667 3 ,0 8 6 16,465 4,507 73,030 5,868 22, 753 3 8 ,59 5 53 ,3 5 3 60,689 3,0 50 2,788 12,887 2,620 18,669 8 ,64 8 5,897 16,906 3 ,6 7 1 2 5 ,115 14 ,2 11 ♦Debits of banks which suhmitted reports in 1920. DEBITS TO INDIVIDUAL ACCOUNTS AT CLEARING HOUSE BANKS St.21l4®. Weak e n d i n g J u ly 6’, 192i ! toe 29, 1921 (In thousands o f DISTRICT No. 1 1 - DALLAS A lb u q u erqu e A u stin B eaim ont D a lla s E l Paso F t . W o rth G alvesto n H ouston San A n to n io Shreveport Texarkana, Texas Tucson Waco D IS TR ICT No. 12 B e rk eley B o ise Fresno - SAN Long B e a c h Los A n g e l e s O a k la n d Ogden Pasadena P o rtla n d Reno Sacram ento S a l t Lake C i t y San D i e g o San F r a n c ijs c o San J o se S e a ttle S p o k an e S to ck to n Tacana Y a k im a 1.891 2,541 2,908 27,819 7,750 18,420 16,344 24,342 5,646 6,034 1,580 1,089 3,322 : J u ly 7, 1320 d o lla rs ) 1,357 2 , 26s 2,649 27,799 7,405 19,941 15,980 25,176 7,306 5,684 l,l4o 1 . 7 S2 2,704 2,ll4 3 , 09s 4,509 37,843 8,279 24,869 10,104 39,870 6,841 5 , 67s i,4il 1,888 3,460 FRANCISCO 2,774 2,388 7,971 6,441 98,610 19.942 2,908 5,337 30,702 3,517 11,2 75 13,51*+ 8,490 158,645 5.012 29.335 10,961 4,405 9,373 1.995 2,325 2,675 6,865 4,924 92,355 16,629 2,731 , 4,390 29,523 2,718 11,2 3 1 11,468 7,271 15S,310 3,517 27,989 8,984 3,642 6,611 1,951 2,.822 2,873 10,832 6,861 105,010 36,388 4,474 4,823 45,411 3,366 15,977 18,362 8,795 215,598 7,695 4i,o46 12,174 7,000 10,828 2,959