Full text of G.6 Bank Debits and Deposit Turnover : June 13, 1957
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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM G.6 (For Immediate Release) June 13, 1957 BANK DEBITS TO DEMAND DEPOSIT ACCOUNTS Bank debits to demand deposit accounts, except interbank and Government accounts, as reported by banks in 344 leading centers for the month of May aggregated $197 billion. During the past three months debits amounted to $5&7 billion or 6.3 per cent above the total reported for the corresponding period a year ago. At banks in New York City there was an increase of 5.0 per cent compared with the corresponding three-months period a year ago; at 6 other centers the increase was 6.7 per cent; and at 337 other centers it was 7*3 per cent. Preliminary estimates of the annual rates of turnover of demand deposits in May are 47.1 at New York City, 30.5 at 6 other centers, and 23.1 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 May 1957 May 1956 3 months ended — May 1957 | May 1956 7,778 27,139 5,067 3,244 6,974 7,757 17,196 23,811 234,685 24,432 41,257 22,493 24,956 87,591 15,783 9,839 22,308 24,170 55,642 22,255 223,433 23,690 38,216 20,881 23,115 81,862 15,129 9,294 20,535 22,602 51,125 185,584 69,452 38,766 77,367 586,968 218,895 124,422 243,650 552,137 6,131 77,200 8,635 14,092 7,709 8,507 29,593 5,259 3,371 7,502 8,197 18,985 7,586 74,643 8,256 12,924 197,181 71,780 42,128 83,273 7,020 208,380 116,660 227,096 DEBITS BY BANKS IN EACH REPORTING CENTER (In thousands of dollars) 3 months ended — May 1956 May 1957 May 1957 I May 1956 DISTRICT NO. 1 - BOSTON Conn. 1,047,666 Hartford 1,169,514 3,550,600 3,046,337 II 401,980 New Haven 1,168,070 1,088,414 378,581 83,828 New London 69,088 190,911 225,225 Waterbury 119,286 115,502 335,598 332,306 Maine Bangor 193,603 66,137 208,664 73,042 II Lewi s ton-Auburn 123,510 42,530 43,442 127,439 365,544 124,507 Portland 131,743 383,176 Mass. 4,042,281 Boston 4,294,394 12,550,507 11,982,296 II 200,740 72,004 Brockton 206, 944 73,853 187,603 66,712 Fall River " 66,430 400 148,296 296 51,300 Holyoke " 57,139 181,392 219, 482 77,142 Lawrenc e -Andover-Methuen Mass, 65,232 66,048 72,112 207, 084 Mass, 187,179 Lowell II 68,211 181,705 64,276 194, 299 Lynn 210,363 74,028 76,878 216, 555 New Bedford 138,738 51,518 47,422 150, 374 Pittsfield 788,616 281,564 815, 851 272,139 Springfield 808, 419 284,068 732,527 Worcester 257,452 95,669 32,981 32,818 93,513 Concord N. H. II 221,856 84,922 247,817 76,629 Manchester 1,622,44l 1,540,506 541,137 513,843 Providence R. I. in.700 127,784 45,550 Vt. Burlington 39,918 * Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles G.6a DEBITS BY BANKS DffiActiREPORTING CENTER (in thousands of dollars) May 1957 DISTRICT NO. 2 - NEW YORK Conn. Bridgeport II Stamford Elizabeth N. J. II Jersey City I I Montelair I t Newark I I Paterson-Passaic Binghamton N. Y. II Buffalo II Elmira I I Jamestown I I New York I I Poughkeepsie 11 Rochester I I Schenectady I I Syracuse If Utica 289,426 100,606 189,839 502,062 56,615 1,242,242 498,809 89,267 1,012,694 68,784 56,161 71,780,472 85,096 586,680 106,829 389,011 145,712 May 1956 3 months ended -May 1957 I May 195T 826,849 273,164 284,828 95,651 183,673 554,296 490,534 1,436,331 57,618 170,389 1,166,501 3,614,482 421,534 1,410,205 92,808 264,748 1,047,825 3,018,643 64,187 194,157 50,8l4 l6l,241 69,451,857 218,894,917 79,874 244,872 544,293 1,744,789 110,296 308,698 375,308 1,139,705 137,489 416,098 794,715 279,440 530,115 1,447,144 167,274 3,434,109 1,205,659 270,087 2,963,316 191,941 149,351 208,380,173 226,466 1,627,383 308,382 1,072,249 384,742 1,573,958 DISTRICT NO. 3 - PHILADELPHIA Wilmington Del. Atlantic City N. J. Camden Trenton Allentown Pa. Altoona Bethlehem Chester Harrisburg Hazleton Johnstown Lancaster Lebanon Norristown Philadelphia Reading Scranton Wilkes-Barre Williamsport York 501/377 90,980 263,227 363,701 139,362 46,591 69,062 80,428 192,005 32,193 68,251 112,590 33,177 62,056 6,010,762 179,977 133,521 97,222 41,291 116,753 465,314 85,760 256,666 346,050 133,981 43,802 57,964 76,606 184,257 33,506 61,611 106,241 26,672 54,020 5,773,982 167,614 135,301 92,172 39,129 115,555 1,613,742 239,025 735,065 1,035,822 402,594 137,396 201,155 234,679 554,437 96,370 196,428 328,582 94,915 172,391 16,769,518 486,712 394,791 280,925 119,343 337,990 DISTRICT NO. 4 - CLEVELAND Covington-Newport Ky. ft Lexington Akron Ohio Canton Cincinnati Cleveland Columbus Dayton Hamilton Lima Lorain Mansfield Middletown Portsmouth Springfield Steubenville Toledo Warren Youngstown Zanesville 63,266 106,319 537,537 191,624 1,596,117 3,628,023 1,104,144 453,391 70,143 69,051 40,223 74,564 57,989 31,918 72,376 37,035 607,009 87,351 276,181 42,690 59,292 88,987 476,337 188,281 1,558,900 3,347,092 982,785 449,192 71,991 67,191 35,431 85,073 57,375 31,390 71,061 40,785 604,477 82,455 246,965 42,320 184,707 305,555 1,555,584 564.134 4,713,081 10,580,884 3,055,912 1,361,428 211,269 203,786 115,991 228,136 175,569 91,744 217,125 107,681 1,835,802 255.135 792,577 126,627 239,086 721,549 938,985 380,189 130,077 211,520 219,62c 548,010 93,254 180,430 309,975 80,691 158,498 16,301,125 490,451 394,476 268,555 112,406 336,923 178,255 275,497 1,371,592 546,628 4,638,443 9,834,386 2,749,701 1,328,492 208,793 198,690 104,773 243,313 183,088 93,356 213,995 117,477 1,782,719 238,813 726,686 127,712 DEBITS BY BANKS IN EACH REPORTING CENTER (in thousands of dollars) May 1956 3 months ended -May 1956 May 1957 May 1957 DISTRICT NO. 4 - CLEVELAND (Cont'd) Butler 62,571 Pa. ft Erie 155,987 If 10,090 Franklin 11 Greene!) urg 34,773 If Oil City27,703 ft Pittsburgh 4,519,052 I t Sharon 45,549 Wheeling W. Va. 89,396 57,311 148,191 9,386 32,354 27,711 3,934,771 44,342 82,155 182,436 450,941 28,345 100,917 77,319 13,339,915 133,668 260,678 166,475 433,367 27,648 91,691 74,955 11,883,790 129,342 246,601 DISTRICT NO. 5 - RICHMOND Washington D. C. Baltimore Md. ft Cumberland ft Frederick I f Eagerstown Ashevilie N. C. II Charlotte ft Durham ft Greensboro f t Kinston I t Raleigh I I Wilmington 1 1 Wilson II Winston-Salem Charleston s. c. It Columbia II Greenville I I Spartanburg Charlottesville Va. II Danville ft Lynchburg f t Newport News I I Norfolk f t Portsmouth ft Richmond ft Roanoke BluefieId W. Va. ft Charleston ft Clarksburg ft Huntington f t Parkersburg 217,417 142,703 72,147 46,693 43,182 62,928 68,058 347,918 42,517 807,485 173,971 66,928 204,561 44,068 100,445 41,580 1,498,124 1,785,137 28,620 28,151 48,799 74,728 435,030 83,867 170,401 22,081 215,205 53,922 19,739 184,942 92,819 193,003 143,564 70,563 40,360 41,977 62,000 65,876 326,495 39,263 710,421 163,529 60,147 193,322 41,599 88,511 37,678 4,852,910 5,782,416 88,277 87,061 144,735 229,933 1,352,573 270,268 539,881 68,778 800,989 162,771 62,312 577,891 309,912 648,683 435,810 210,871 130,212 135,004 188,804 193,979 I,0l4,6l4 120,354 2,293,973 491,572 193,277 586,529 124,878 274,6l4 118,938 4,507,247 5,277,358 82,128 82,104 146,263 217,110 1,329,524 251,619 491,603 65,517 710,764 161,917 60,908 575,884 279,516 590,577 435,243 208,967 114,536 123,528 186,215 190,700 944,046 114,572 2,071,621 464,929 167,419 542,872 118,283 258,201 109,691 36,240 718,028 24,870 32,583 270,528 142,114 648,738 718,441 161,944 81,621 154,662 317,598 38,031 670,157 23,751 30,888 252,519 138,655 578,736 605,324 136,620 73,877 130,067 277,518 103,753 2,072,617 75,379 94,237 844,323 399,982 1,904,315 2,179,370 484,060 246,871 481,798 951,792 111,308 1,988,959 70,323 86,236 735,831 382,600 1,851,254 1,876,795 399,617 219,379 406,206 815,016 DISTRICT NO, 6 - ATLANTA Anniston Ala. ft Birmingham f t Dothan f t Gadsden f t Mobile II Montgomery Jacksonville Fla. ft Miami It Orlando It Pensacola f t St. Petersburg I I Tampa 1,608,239 2,018,165 31,241 28,865 44,732 78,021 447,212 99,853 190,294 23,343 275,690 55,876 21,6l8 197,838 105,667 G.6c DEBITS BY BANKS IN EACH REPORTING CENTER (In thousands of dollars) May 1957 DISTRICT NO. 6 - ATLANTA (ContTdJ 56,472 Albany Ga. I I 1,629,389 Atlanta 87,364 Augusta II 19,568 Brunswick II 101,273 Columbus U 8,558 Elberton II 102,268 Macon II 15,291 Neunan 183,852 Savannah 23,186 Valdosta 199,571 Baton Rouge La. 11 79,711 Lake Charles 1,363,405 New Orleans 30,668 Miss. Hattiesburg 11 207,204 Jackson 36,580 Meridian 20,050 Vicksburg 274,685 Chattanooga Tenn. II 162,580 Knoxville 598,358 Nashville DISTRICT NO. 7 - CHICAGO Aurora 111. 11 Bloomington Champaign-Urbana Chicago Danville Decatur Elgin Joliet Moline-East MolineRock Island Peoria Rockford Springfield Ind. Fort Wayne II Gary Hammond Indianapolis Lafayette Muncie South Bend Terre Haute Iowa Burlington II Cedar Rapids Clinton Davenport Des Moines Dubuque Mason City Muscatine Ottumwa Sioux City Waterloo 67,024 65,935 68,300 14/345,589 49,442 120,349 43,714 61,994 105,567 230,616 194,677 123,882 252,295 123,736 79,376 1,075,968 69,900 80,922 211,361 87,724 32,250 125,886 25,817 116,553 463,107 61,350 45,463 15,249 36,072 l4l,48o 96,032 r/ Revised figures for 1957: January Colorado Springs, Colo. (5%) 92,830 Denver, Colo. (4%) 1,069,438 Kansas City, Kans. (6%) 135,590 Lincoln, Neb. (5$) 144,948 Omaha, Neb. (4%) 753,396 Oklahoma City, Okla. (8%) 688,048 See explanation on page G.6d May 1956 3 months ended — May 1957 I May 1956 53,236 1,518,627 93,556 16,865 99,112 7,456 107,067 14,918 154,272 24,497 165,773 75,196 1,227,226 29,114 191,315 35,131 16,753 263,536 159,530 568,089 164,053 4,810,586 254,939 56,606 287,798 24,043 307,354 44,741 538,561 72,791 553,859 235,887 3,877,271 90,193 599,347 105,765 55,192 821,641 477,639 1,739,388 154,746 4,551,127 279,147 50,312 293,327 21,024 312,130 42,647 444,892 70,462 478,628 60,795 60,888 67.724 13,310,306 49,463 112,349 39,359 77,874 193,241 194,433 200,381 44,449,193 152,856 356,531 123,392 240,245 176,636 184,435 198,094 40,970,051 157,590 347,956 114,162 92,205 222,495 173,616 111,927 245,071 301,847 684,950 563,570 365,190 734,360 357,900 230,233 3,149,536 205,973 232,567 613,995 253,965 92,199 374,109 76,580 341,414 1,363,953 180,650 133,254 46,535 108,930 419,453 278,364 267,525 671,772 527,855 334,516 722,289 341,312 209,628 3,033,097 181,024 219,558 577,849 238,791 77,720 371,556 72,779 321,902 1,328,305 170,925 124,383 42,401 97,246 399,744 263,003 116,012 71,681 1,050,451 60,746 75,832 184,869 81,328 25,742 124,093 23,844 107,602 463,784 55,870 42,672 13,549 32,653 133,493 88.725 February 80,979 1,006,968 116,051 128,786 641,463 591,182 219,220 3,532,114 84,352 581,374 101,538 49,793 793,924 471,261 1,638,985 232,120 M a r c h A p r i l 88,863 93,732 1,088,058 1,100,938 115,583 123,087 139,402 129,400 718,106 703,440 619,615 641,547 G.6d DEBITS BY 3ANICS IN EACH REPORTING CENTER (in thousands of dollars) May 1956 May 1957 DISTRICT NO. 7 - CHICAGO (Cont'd) Adrian Mich. 31,076 ft Battle Creek 76,817 It Bay City 58,094 I t Detroit 6,782,974 II Flint 155,438 I t Grand Rapids 339,928 If Jickson 100,091 if Kalamazoo 158,277 It Lansing 156,741 ft Muskegon 90,439 tf Port Huron 43,643 11 Saginaw 124,295 Green Bay Wis. 102,458 tf Kenosha 55,129 II Madison 168,939 tf Manitowoc 34,870 ft Milwaukee 1,775,793 11 Oshkosh 38,487 ft Racine 98,096 ft Sheboygan 63,300 24,234 72,283 51,564 6,407,036 155,061 323,834 91,747 147,719 152,677 86,990 43,757 115,861 96,136 55,008 166,452 31,444 1,551,454 DISTRICT NO. 8 - ST. LOUIS Ark. El Dorado It Fort Smith f t Helena f t Little Rock f t Pine Bluff ft Texarkana (See Tex.) Alton 111. E. St. Louis & Nat, Stock Yds. Quincy 111. Ind. Evsnsville Ky. Louisville ft Owensboro ft Paducah Miss. Greenville Mo. Cape Girardeau ft Hannibal It Jefferson City It St. Louis It Sedalia I t Springfield Tenn. Jackson ft Memphis DISTRICT NO. 9 - MINNEAPOLIS Minn. Duluth ft Mankato It Minneapolis ft Red Wing f t Rochester t f St. Cloud t f St. Paul f t South St. Paul I I Winona 3 months ended — May 1957 I May 1956 77,477 217,338 153,508 18,929,829 483,204 957,798 274,885 435,728 465,772 91,714 60,789 90,519 232,751 172,799 20,026,441 466,442 995,626 305,011 470,229 456,476 273,461 127,908 362,663 293,661 165,641 515,857 105,099 4,916,764 117,649 287,454 188,924 32,001 56,059 8,606 210,100 41,194 20,441 42,801 152,613 43,243 190,184 879,571 49,794 31,286 26,910 16,595 11,012 83,495 2,454,417 16,435 91,771 26,021 774,880 32,230 56,264 8,365 199,165 40,589 22,539 42,423 140,152 39,910 177,035 866,708 48,615 27,061 27,115 16,463 10,744 83,405 2,387,006 16,320 87,348 29,099 708,689 95,118 171,842 25,219 603,811 120,784 59,041 121,323 447,983 126,120 567,002 2,586,203 143,228 88,263 79,956 51,137 33,411 266,745 7,453,190 53,254 276,173 78,964 2,334,600 92,157 170,754 26,256 590,449 117,386 65,215 124,476 410,286 117,347 501,523 2,607,786 138,606 81,117 79,136 47,613 31,961 237,236 7,201,385 46,567 263,191 85,810 2,092,765 150,229 31,333 1,679,343 7,419 47,208 23,975 688,714 78,931 20,966 139,110 29,594 1,633,461 436,364 91,645 4,881,223 20,785 130,152 67,767 409,975 84,338 4,599,467 19,164 99,169 223,965 61,622 209,517 63,003 36,500 6,820 34,385 19,968 679,369 71,040 24,243 2,018,285 260,201 127,157 344,568 277,164 172,779 495,497 94,668 4,557,971 113,826 271,742 174,908 Revised to include debits of additional reporting offices. Published figures for prior years have not been revised but it is estimated that totals reported for 1956 would be increased by approximately the percentages shown in parentheses in the table of revisions on the previous page. G.6e DEBITS BY BANKS IN EACH REPORTING CENTER (In thouMiMk Of dollars) JH4_ DISTRICT NO. 9 Billings Butte Great Falls Helena Bismarck Dickinson Fargo Grand Forks Jamestown Minot Aberdeen Sioux Falls Eau Claire La Crosse Superior May 1957 MINNEAPOLIS (Cont'd) 80,522 Mont. II 58,144 61,842 38,957 24,820 N. Dak. 6,229 69,863 27,387 8,629 25,868 S. Dak. 25,598 ft 84,653 Wis. 56,989 II 53,637 19,340 DISTRICT NO. 10 - KANSAS CITY Colorado Springs r/ Colo. II Denver r/ I I Grand Junction 1 1 Greeley I I Pueblo Kans. Atchison 11 Dodge City 11 Emporia 1 1 Hutchinson I I Independence I I Kansas City r/ I I Lawrence I I Manhattan I I Parsons H Pittsburg II Salina II Topeka 1 1 Wichita Mo. Independence II Joplin 11 Kansas City II St. Joseph Neb. Fremont n Grand Island n Hastings n Lincoln r/ it Omaha r/ N. M. Albuquerque 11 Santa Fe Okla. Bartlesville 11 Enid n Guthrie 11 Lawton 11 Muskogee 11 Norman i t Oklahoma City r/ 1 1 Okmulgee i t Ponca City it Tulsa Wyo. Casper II Cheyenne 88,383 1,150,145 35,455 31,337 84,227 14,671 15,358 14,139 43,484 10,532 117,966 16,796 17,184 9,153 16,172 38,079 149,479 419,586 19,744 42,696 1,578,078 113,215 23,101 30,429 21,373 147,800 764,340 199,872 55,652 318,775 48,932 5,180 23,961 35,100 13,703 629,311 9,299 25,838 1,016,930 65,778 40,697 r/ See footnote on pages G.6c and d. May 1956 3 months ended -May'1955* May 1957 76,850 60,155 59,394 34,660 22,586 5,695 62,656 25,094 7,343 23,385 23,279 78,320 51,738 55,797 18,595 232,307 190,390 194,411 116,933 72,151 19,323 85,425 1,027,580 33,842 28,844 70,581 270,978 3,339,141 106,241 92,8l4 226,985 43,670 42,545 42,193 125,713 31,794 356,636 51,628 47,302 27,480 47,348 114,686 444,804 1,250,722 58,242 133,920 4,783,095 327,268 67,675 87,973 63,348 416,602 2,185,886 599,033 140,578 960,249 148,307 15,706 71,261 109,270 43,176 1,890,473 26,913 77,435 3,120,578 194,238 123,779 12,762 15,243 14,647 42,140 10,768 116,057 18,112 15,185 9,093 15,734 36,315 114,063 394,235 18,772 40,443 1,557,366 104,568 23,441 29,492 19,369 131,690 705,304 179,224 40,872 273,484 40,177 5,528 22,008 32,658 13,971 567,100 8,968 26,866 948,872 55,306 37,942 206,700 84,682 27,204 77,355 73,608 242,351 154,298 160,198 55,658 223,926 181,752 177,246 104,623 67,360 18,511 184,660 75,822 22,891 66,304 68,793 235,879 143,415 161,026 51,131 253,360 2,975,615 101,197 84,962 202,786 38,451 45,703 42,397 128,026 31,301 349,763 53,226 44,845 26,644 44,437 114,116 422,202 1,174,739 54,013 121,005 4,574,786 313,991 70,182 89,005 58,861 387,273 2,042,093 519,042 122,922 820,233 126,347 15,693 66,475 97,199 41,020 1,706,330 27,175 83,108 2,773,830 171,398 118,865 G.6f DEBITS BY BANKS IN EACH REPORTING CENTER (in thousands of dollars) DISTRICT NO. 11 - DALLAS Tucson Ariz. Monroe La. Shreveport " Roswell N, M. Abilene Tex. Amarillo " Austin Beaumont Corpus Christ! Corsicana Dallas El Paso Fort Worth Galveston Houston Laredo Lubbock Port Arthur San Angelo San Antonio Texarkana (See Ark.) Tyler Waco Wichita Falls DISTRICT NO. 12 - SAN FRANCISCO Ariz. Phoenix Calif. 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 Nev. Reno Ore. Eugene Portland Salem Utah Ogden Salt Lake City Wash. Bellingham Everett Seattle Spokane Tacoma Walla Walla Yakima May 1957 May 1956 168,615 71,703 280,635 30,720 81,331 170,591 158,435 163,105 190,968 14,966 2,221,833 291,438 707,238 93,438 2,447,527 26,559 141,399 63,281 46,392 532,394 19,035 83,728 91,267 100,569 160,735 61,948 285,299 27,252 76,546 160,255 155,079 136,539 167,507 14,659 2,126,432 248,210 654,153 84,599 2,349,713 24,454 120,359 57,695 45,310 512,409 19,870 75,431 89,926 103,060 423,909 124,400 133,839 198,128 371,542 6,038,271 70,987 673,731 213,412 102,879 1,194,454 111,795 702,286 4,155,572 272,961 80,177 37,937 93,380 104,437 78,645 77,503 1,033,760 98,026 78,062 486,641 40,016 52,547 1,363,043 269,039 209,654 31,080 63,119 373,586 132,312 115,438 194,756 351,411 5,490,846 72,038 628,685 192,749 92,554 1,109,773 110,460 523,326 3,741,063 216,489 74,584 38,465 92,743 98,549 75,441 84,172 919,802 97,005 74,257 394,661 34,929 54,192 1,236,929 257,276 224,228 28,200 64,587 3 months ended May 1957 I May 195& 503,967 210,740 825,199 90,021 240,420 508,571 503,362 472,309 573,400 44,805 6,671,802 838,209 2,089,315 285,806 7,088,446 75,302 423,850 190,848 139,461 1,522,081 57,432 240,677 275,946 297,826 503,078 186,228 792,756 81,329 226,680 471,310 453,595 403,421 507,594 45,510 6,283,977 740,120 1,940,317 247,604 6,652,688 71,815 377,204 167,995 134,114 1,464,626 59,052 224,724 265,415 301,331 1,288,055 383.948 381,127 592.949 1,102,360 18,234,540 205,884 2,072,309 626,849 304,190 2,857,212 333,893 1,961,648 12,392,171 813,530 234,388 110,277 264,206 294,243 236,332 216,103 3,005,305 299,447 241,068 1,398,234 111,399 152,706 3,872,323 767,693 615,625 85,064 186,792 I,096,407 366,834 344,570 591,921 1,000,864 16,625,180 209,344 1,908,374 581,810 274,110 2,549,255 331,293 1,523,083 II,851,706 645,264 215,008 106,998 258,877 281,116 224,040 241,982 2,670,893 273,003 215,201 1,239,461 102,139 153,570 3,629,025 716,096 637,085 80,509 180,094