Full text of G.6 Bank Debits and Deposit Turnover : June 6, 1920

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STATEMENT FOR THE .PRESS
Released for publication
* Sunday morning, June 6 , 1920;
not earlier
BANK DEBITS

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A

St. 1197
Federal Reserve Board
June 5, 1920.

Below is given the Federal Reserve Board's weekly statement of debits to
individual account reported through the Federal Reserve Banks by over 150 of
the country’ s ruore iruportant clear^gg houses. Transactions cover the weekly
periods ending Wednesday, June 2^vJfe.y 26 of the present year and June
1919•
She statement closes with a recapitulation giving comparative figures by re­
serve districts for cities reporting complete data for the three weeks under
review Owing
observance of May 31 as a legal holiday by most of the clear­
ing houses/ to individual account reported by 153 centers were about 738 mil­
lions, or 8 per cent, below the total reported for the preceding week. For
New York City a reduction of 488.6 millions, or 7 per cent, is noted, notwith­
standing the additional volume of end-of-month interest and dividend payments
handled by the banks. The New York weekly total of *+,181 millions is 802
millions less than the total for the corresponding week in 1919, when payments
on account of Victory hoaa subscriptions were particularly heavy. For the
other 152 centers an increase in the weekly total by 424 millions, or 12 per
cent, is shown. For the 22 weeks, the emulative total for New York City,
106, 5^8 millions, was about I S .5 per cent larger than in 1919, while the cor­
responding total for IU7 othir centers, 101,358 millions, was 27 »5 Per cent
in excess of the corresponding 1919 total.

DEBITS TO INDIVIDUAL ACCOUNT AT CLEARING HOUSE BANKS
Week ending
: June 2. ■1920 : May 26. 1920 : June, ^ 1 3 2 2 ,
(In thousands of dollars)
DISTRICT No. 1 BOSTON
2, 520
Bangor
3 , 28.0
3,53?
267, 142
310,634
Boston
313)301
S, 672
11,231
Fall River
9,331
29
, 413
Hartford
20,880
22, 547
4, 490
2, 836
Holyoke
U ,173
4, 904
6, 248
Lowell
5,llU
Manchester
4,312
4,879
9 , 211
035
New Bedford
8,08}
16 672
18,786
New Haven
22,413
8,003
Portland
8,002
4
o
, 0o8
32, 297
Providence
39, §*+7
11, 674
17,041
Springfield
12,535
7, 099
7,187
Waterbury
6,332
18, 541
18, 740
Worcester
13,440
DISTRICT No. 2 NEW YORK
Albany
13.7 40
•Binghamton
4,282
Buffalo
6l , 130
New York
4,181,413
Passaic
5,669
Rochester
33>SS3
Syr acuse
l6 , 4 S'i
DISTRICT No. 3 PHILADELPHIA
Altoona
2,580
Chester
5,133
Harrisburg
^,4-38
Johnstown
4, 4}I
Lancaster
4,926
Philadelphia
332,532
Reading
'
3 , 501
Scranton
11,794
Trenton
11,3IS
Wilkes-Barre
7,702
Williamsport
3,713
Wilmington
9,931

York
4,301


?.4,85s.

4,836
75,224

23,996
3,095
7l,25S

4 , 670,039
5,652
31,969
17 , 71 s

4 , 983,450

3,400
5,375
3,519
4,310
5,902
302,329
4,972
16,237
12,695
8,945
3,978

2,527
3,935
3,780

8,256
4,327

3,744
33,355
12,856

4,674

290,056
2,736
10,671
S, 597
6,152
2,792
9,743
3,233

DEBITS TO INDIVIDUAL ACCOUNT AT CLEARING HOUSE BANKS
Week ending:
1920 1 May 26 , 1920 f~juna 4, 1919
(In thousands of dollars)
DISTRICT No. 4 - CLEVELAND23.547
Akron
30,717
53,482
Cincinnati
53.261
132,067
Cleveland
163,149
148,745
25,083
Colurbus
26,332
11,322
Dayton
11,373
5.737
Erie
7,687
6,730
а,
380
Greensburg
4,553
3,310
4,60/
Lexington
4,537
Oil City
3,l5(t
199,736
215,482
Pittsburgh
•
2,568
Springfield
3,333
25,048
Tcledo
28,944
30,529
o, b70
8,338
Wheeling
S. 537
13,324
11,619
Youngstown
12,376
3 0

, 4

3 9

6

0

, 2

2

3

2

6

, 1

5

5

1 1 <

2

1

, 3

0

1

2

5 2

4

, 6

3

5

2

, 8

1

3

7 s , S S 5
2 , 8 4 5

DISTRICT No. 5 - RICHMOND
Baltimore
Charleston
Charlotte
Columbia
Norfolk
Raleigh
Richmond
Huntington
DISTRICT No°. b - ATLANTAAtlanta
Augus ta
Bi rmingham
Chattanooga
Jacksonville
Knoxville
Macon
Mobile
Montgomery
Nashville
New Orleans
Pensacola
Savannah
Tampa
Vicksburg
DISTRICT No. 7 - CHICAGO
Bay City
Bloomington
Cedar Rapids
Chicago
Davenport
Decatur
Des Moines
Detroit
Dubuque
Flint
Ft. Wayne
Grand Rapids
Indianapolis
Jackson
Kalamazoo
Lansing
Milwaukee
Peoria
Rockford
Sioux City
South Bend
Springfield
Waterloo



95,961
1

0

, 1

0

0

s.155
7,273
15>27S
3,851
21,396
5,220.

102,873
3.375
9,584
8,553
2

2

, 5

3

1

6

0

8,589
1

4

, 8

3 0

2

3

, 5

3

0

6

5

, 3

3

7

9

, 2

6

1

6

5

, 3

2

2

4

, 2

3

1

6 ,9 lH
4,103
17,965
130,395
3,558
9,295
6,666
2

1 , 6

6

3

35,363
4,812
4,603
6

0

0

, 0

0

0

2

, 2

3

6

6

, 3 6

8

22,944
6,60S

12,963

10,764
8,935

4,925

9,124

6,660
3,789
15,235

61,361

2.233
,387

5.813

1,371

6

, 9

27,803
8 1 ,Sl6

s

3,569
2.757

1

5

2,474
17,063
6

3

14,175
6.4S4
8,283
8,866

0

7 , 3

6

30,569
9,936
17,83b

13,935
7 , 0

, 6

23 ’ 500

8,79*+
17,479
1

0

74,784
7,176
5 , 700
б,033
20,537
4,383
23_» 333

1

, 4

9

6

3,529
2,738
7,639
711,303
8,253
4

, 1

0

3

19,181
1

3

6
3

, 1

2

, 3 5

7 , 9

0

6

2

, 1

7 9

6

, 8

6

6 1 7 , 2 8 4
7 , 7 6 6

3,343
15.451
1 1 5 . 8 3 0
2 , 2 6 3
6 , 4 0 3

4 ,s i6
16,359
2 6 , 1 2 4

3 , 8 7 9
2 , 8 8 7

5

57,127
10,426
5,725

1

1

1

1 6

6

, S 0 5

4,137
6.757
4,304

8

5

6,242
, 3 0

2

6,327
4,112
3,966

5

2 , 7 1 5

5

, 6

3

3 , 7 5 8

63,649
0

, 0

3 . 4 5 8

1

37,241
3,401
5,153

, 3 0 s

2

s

7.813
2

2 3 2

4

, 0

3

4

3

, 9

1

6

0

, 5

6

5

3 , 2 4 1
1

5

, 3

5

4

2 , 2 3 3
5 , 0 4 s

2 , 7 3 2

St.1157b
DEBITS TO INDIVIDUAL ACCOUNT AT CLEARING HOUSE BANKS
Weak ending
Juno 2, 1920 | May 26, 1930 i Jw.e 4, 1919
(In thousands of dollars)
DISTRICT No. 8 - St. LOUIS
4,908
Evansville
5.090
5,273
6,650
Little Rock
8,510
7,973
Louisville
32,959
34,420
34,699
24, 900
Memphi s
29,651
27,977
131.520
St. Louis
146,244
151,692
DISTRICT No, 9 - MINNEAPOLIS
Aberdeen
Billings
Duluth
Fargo
Grand Forks
Great Falls
Helena
Minneapolis
St. Paul
Sioux Falls
Superior
Winona
DISTRICT No. 10
KANSAS CITY
Atchison
Bartlesville
Cheyenne
Colorado Springs
Denver
Joplin
Kansas City, Kan.
Kansas City, ...0 .
Muskogee
. Oklahoma City
Omaha
Pubelo
St, Joseph
Topeka
Tulsa
Wichita
DISTRICT No. 11 - DALLAS
Albuquerque
Austin
Beaumont
Dallas
El Paso
Ft. Worth
Galveston
Houston
San Antonio
Shreveport
Texarkana
Tucson
Waco




1,736
2,274
26,155
3,403
1,698

1,871

2,214
73,699
30 , 3 %
6,093

1,643
2,237
22,758
3,533
1,772
2,142
2,0^5

90,065

1,567
1,911
22,373

3.021
1,711
2,196

1,832
66,753

33.882
6, 4gg

35,454

2,039
1,029

2,077
1 , 10s

1,334
1.022

418
4,013
1,658
2,750

558
4,288
1,705
3.053
44,667
3,846
3,932
91.738
5.536
23,818

40,917
•3,357
3,199
80,947

5,386
19,763
49,935
3,365
17,322
5,487
27,968
12,569

1,998
3,564
3,135

38 ,678
9,435
23,986
S,l4o
30,459
7,589

8,637
1,419
846
3,880

5 6

, 0

1 2

3.819
20,388
5,481
26,898
l l , 0

6

s

1,654
3.079
4,467
37,704
11,915
24,868
g,6o4
33,430
8,409
n .7 5 5
2,C40
1,614
3.650

2 , £53
2,989
44,730

3,051
3.661

83,991
3,374

12,258
55.293
3.992
17.843
4,893

21,236

9,044

1,628
7.614
2,969
28,255
7.953
18,468
7,363
31 , 4o6
5.632
1,347
1,803

3,676

St.1197c
DEBITS TO INDIVIDUAL ACCOUNT AT CLEARING- HOUSE BANKS
Week ending
June 2, 1920 I May 26, 1920 1 June *, 1919
(in thousands of dollars)
DISTRICT No. 12 - SAN FRANCISCO
2,312
Berkeley
3.016
2, *83
3.212
Boise
2,360
3,699
Fresno
10,292
6,019
12,*S5
*>015
Long Beach
*, 699
2,839
52 , 06*
Los Angeles
90,*26
96,272
11,231
Oakland
29,771
20,*77
*,*11
3.2*3
Ogden
3 ,639
5.520
Pasadena
*, 7*5
3.195
3*,**b
Portland
37,035
* 1,029
Reno
'
2,*73
2, *13
2 , *67
11,182
Sacramento
11, 836
11 , 1*9
17,110
Salt Lake City
15,790
1*,175
*, 616
San Diego
6 ,3 SO
9.129
153 , 0*5
216,133
San Francisco
202,26S
3 . 12s
5 . 03*
San Jose
^>679
*0,078
Seattle
^3,^87
*5.855
9 . 71 s
12 , *62
Spokane
12,0**
5 . 21s
5,202
Stockton
*,97S
8,7^9
11,329
Tacorra.
10, 7?3
2,013
3.0b*
Yakirra
2,7*3

Federal
Reserve
Bank

XliiiV.jh riiujuaxi
Number of
canters
included

No. 1 Boston ,
2 New York
3 Philadelphia
* Cleveland
5 Ri chinond
6 Atlanta
7 Chicago
8 St. LoUis
9 Minneapolis
10 Kansas City
11 Dallas
12 San Francisco




TOTAL

12
7
13
1*
7
15
23
5

11
1*
12
20

153

JJ 1

£

J Z iU S liX M iU

i-tjCiOXL'J-V V JJ j

XJ

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Week ending
June 2, 1920 . May 2b, lyao
* 61,637
* , 322 , 60*
* 05,306
521,62*

171,020
225,568

^ 69,713
*, 830, 296
38 * , 2*5
583 150^

179,012

2*8, 581

June

4,

iyiy

*07, 805

5 , 131 , 75^
352,3^8
506,383
1* 2,606
187,915

1,02*.332
227,872
1* 6,*67
276, 97s

1 , 098.066
223,657
163, 2*2
30*, 5 ^

936,725

13^,177
503, 92*

529,325

372,396

S, * 21,509

9 , 159,165

3,766,525

1**,980

200,937
139 . 23^
269, SOS
118,11*