Full text of G.6 Bank Debits and Deposit Turnover : May 13, 1960

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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
(For Immediate Release)

G.6

May 13, i960

BANK DEBITS
TO DEMAND DEPOSIT ACCOUNTS
EXCEPT INTERBANK AND 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 April aggregated $226 billion.

During

the past three months debits amounted to $694 billion or 7.6 per cent above the total reported for
the corresponding period a year ago.

At banks in New York City there was an increase of 8.4 per

cent compared with the corresponding three-months period a year ago; at 6 other centers the increase was 7*4 per cent; and at 337 other centers it was 7.0 per cent.

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

April i960

April 1959

Three months ended
April i960 | April 1959

8,755
91,792
9,365
14,724
8,525
9,978
32,653
5,711
3,792
8,421
9,226
23,065

8,749
93,687
9,291
14,460
8,537
9,872
31,601
5,668
3,800
8,611
8,927
22,159

26,519
285,263
28,279
45,384
25,846
30,702
101,191
17,432
11,574
25,427
28,318
67,744

24,936
263,525
26,169
4l, 382
24,557
29,288
92,686
16,518
10,883
24,693
26,004
63,852

226,007
86,174
46,893
92,940

225,362
88,049
45,955
91,358

693,677
267,824
142,929
282,924

644,494
24?, 106
133,075
264,313

ANNUAL RATE OF TURNOVER OF DEMAND DEPOSITS
EXCEPT INTERBANK AND U. S. GOVERNMENT DEPOSITS
Without
seasonal adjustment
Apr.
Mar.
Apr.
I960
i960
1959
New York City

Adjusted for
seasonal variation
Apr.
Mar.
Apr.
i960
i960
1959

56.3

60.3

56.4

56.4

57.9

56.6

6 other centers*

2/35.7

36.6

33.3

2/35.5

34.0

33.1

337 other centers

p/25.5

25.8

24.0

2/26.2

25.8

24.7

*

Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles.




p/ Preliminary.

B A M DEBITS
(In thousands of dollarsj
April i960

April 1959

Three months ended
April I960 | April 1959

DISTRICT NO. 1 - BOSTON
Connecticut:

Hartford
New Haven
New London
Waterbury

Maine:

Bangor
Lewi s ton-Auburn
Portland

Massachusetts:

Boston
Brockton
Fall River
Holyoke
Lawrence
Lowell
Lynn
New Bedford
Pittsfield
Springfield
Worcester

New Hampshire:

1,192,837
420,624
82,796
132,469

1,207,892
412,727
85, 275
111, 206

3,705,310
1,291,883
251,837
407,595

3,533,250
1,190,118
240,431
321,433

83,209
48,068
155,718

75,009
45, 025
138,916

244,224
146,783
467,500

215,803
135,852
402,933

4,675,144
83,798
68,588
60,355
64,797
84,742
72,512
78,583
58,875
319,001
269,153

4,728,133
82,964
68,694
62,953
60,4i4
81,956
71,933
75,108
55,762
316,341
267,999

14,043,374
250,337
203.137
189,548
199,323
250.138
220,867
230,170
180,4i4
954,553
838,092

13,353,389
234,684
197,207
177,844
177,271
233,832
202, 506
210,218
161,645
880,564
777,399

Concord
Manchester

36,350
92,084

33,906
90,075

108,172
281,341

95,485
258,796

Rhode Island:

Providence

624,624

627,386

1,899,948

1,790,784

Vermont:

Burlington

50,256

49,338

154,375

144,667

DISTRICT NO. 2 - NEW 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




265,855
147,212

271,780
126,355

812,325
437,095

765,268
372,561

234,001
545,630
71,331
l, 343,148
472,718

208,029
533,311
70,490
l, 316,512
487,340

702,628
1,696,253
221,205
4,245,311
1,482,830

600,051
1,587,014
195,914
3,819,942
1,427,276

91,621
904,246
64,795
49,152
86,174,149
95,161
666,504
106,628
408,054
151,955

89,689
1,027,591
62,537
48,202
88,049,398
81,987
653,331
102,157
412, 627
145,618

270,243
2,859,396
197,498
148,109
267,824,361
284,702
2,086,001
312,163
1,248,350
434,297

261,498
2,983,291
181,820
143,422
247,106,195
242,833
1,938,584
288,995
1,202,378
408,206

April I960

April 1959

B A M DEBITS
(In thousands of dollars)
Three months ended
Auril I960 1 Avril 1959

DISTRICT NO. 3 - PHILADELPHIA
Delaware:

Wilmington

781,636

712,555

2,389,832

1,985,975

New Jersey:

Atlantic City
Camden
Trenton

90,489
289,986
472,019

91,380
280,261
429,018

277,600
942,966
1,195,302

260,884
798,338
1,131, l46

Pennsylvania:

Allentown
Altoona
Bethlehem
Chester
Harrisburg
Hazleton
Johnstown
Lancaster
Lebanon
Norristown
Philadelphia
Reading
Scranton
Wilkes-Barre
Williamsport
York

l4l,009
45,917
65,150
91,380
213,593
31,660
66,583
119,457
31,174
75,740
6,326,153
164,425134,445
103,435
41,440
126,486

435,038
142,164
202,021
268,874
641,653
102,965
209,435
386,514
100,506
229,800
19,022,011
520,496
400,769
307,793
121,727
381,600

402,239
134,136
186,841
255,021
608,168
93,357
194,976
348,441
89,928
209,776
17,832,788
467,857
4o6,086
299,230
118,117
345,897

145,030
48,769
63,016
90,195
207,381
33,165
71,547
121,275
33,186
78,004
6,275,322
171,112
128,396
99,036
39,877
125,860

DISTRICT NO. 4 - CLEVELAND
71,006
142,925

66,622
120,091

205,605
453,522

192,344
351,704

Akron
Canton
Cincinnati
Cleveland
Columbus
Dayton
Hamilton
Lima
Lorain
Mansfield
Middletown
Portsmouth
Springfield
Steubenville
Toledo
Warren
Youngs town
Zanesville

552,628
209,458
1,703,477
3,730,934
1,086,195
500,137
79,419
75,693
47,964
84,575
59,630
32,086
76,904
39,968
678,233
86,457
275,729
4i,4o4

575,857
193,722
1,684,956
3,683,512
1,155,295
486,962
84,364
71,408
43,198
84,223
64,987
30,786
78,301
37,996
652,807
83,167
276,049
41,183

1,721,844
631.434
5,305,057
11,481,780
3,206,421
1,540,185
237,604
214,296
134,323
262,703
192,724
94,240
232.435
121,068
2,084,336
271,143
826,124
127,558

1,653,832
561,610
4,961,062
10,433,519
3,156,196
1,407,478
234,631
195,534
118,930
238,688
192,625
88,782
221,617
107,281
1,857,733
238,876
747,667
120,181

Pennsylvania:

Butler
Erie
Franklin
Greensburg
Oil City
Pittsburgh
Sharon

62,413
150,760
10,903
32,825
27,182
4,737,641
44,057

55,180
149,328
10,815
32,056
24,944
4,541,978
47,246

184,616
468,446
32,523
101,077
79,761
14,775,315
139,942

158,828
436,944
30,048
91,394
74,667
13,135,479
133,453

West Virginia:

Wheeling

83,734

82,543

257,914

24o,564

Kentucky:

Covington-Newport
Lexington

Ohio:




-3 -

B A M DEBITS
(In thousands of dollars)
April i960

April 1959

Three months ended
Anril i960
1 Am-1.1 1959

DISTRICT NO. 5 - RICHMOND
District of
Columbia:

Washington

1,737,623

1,812,514

Maryland:

5,500,738

Baltimore
Cumberland
Frederick
Eagerstown

5,337,688

2,021,391
33,086
32, 334
50,062

2,069,838
32,762
33,421
47,384

North Carolina:

6,173,246
96,398
95,685
143,221

Asheville
Charlotte
Durham
Greensboro
Kinston
Raleigh
Wilmington
Wilson
Winston-Salem

5,865,949
91,605
93,096
138,747

89,662
547,480
99,718
260,543
25,112
362,744
60, 554
26,554
247,542

86,449
571,980
98,056
276,722
24,984
301,273
57,638
27,010
227,064

244,398
1,615,807
281,336
743,173
72,928
853,318
169,166
80,585

South Carolina:

256,499
1,681,070
299,844
757,343
72,981
965,837
177,155
77,743
712,169

Charleston
Columbia
Greenville
Spartanburg

125,811
256,328
186,151
88,337

122,250
244,198
175,066
82,101

378,036
773,267
580,108
263,360

338,539
682,981
530,483
239,974

54,089
47,354
74,135
79,997
360,385
46,271
993,844
182,307
43,034
201,036
43,390
106,211
4l, 514

51,749
47,724
72,839
82,956
334,490
42,800
1,009,443
178,273
45,716
197,849
4l, 351
98,939
4l, 821

152,853
139,332
220,675
245,939

148,110
137,076
204,211
231,363
1,007,649
130,237
2,921,591
525,338
137,253
568,705
116,554
267,4i8
119,233

Virginia:

West Virginia:

Charlottesville
Danville
Lynchburg
Newport News
Norfolk
Portsmouth
Richmond
Roanoke
Bluefield
Charleston
Clarksburg
Huntington
Parkersburg

1,099,801
141,598
2,986,438
548,223
133,988
626,846
124,661
297,325
124,051

662,033

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
Baton Rouge
Lake Charles
New Orleans
Hattiesburg
Jackson
Meridian
Vicksburg
Chattanooga
Knoxville
Nashville

37,832
784,772

111,806

117,260
2,425,281
102,342
109,396
841,912
482,236
2,549,527
2,803,370
796,694
265,667
708,077
1,319,534

2,343,975
2,681,613
722,227
250,772
686,950
1,251, 272

49, o4l
2,026,117
108,827
22,427
100,280
9,805
117,555
17,942
192,923
33,363

39,355
777,120
31,783
38,053
271,745
162,413
769,412
890,651
236,278
87,033
225,919
421,023
46,870
1,988,306
101, 234
25,298
101,838
9,164
119,181
15,610
194,049
31,826

152,584
6,077,601
325,134
68,742
305,677
27,468
359,493
58,400
583,317
98,658

5,707,603
298,167
76,301
294,862
25,658
356,574
49, 522
582,670
93,073

277,332
79,600
l, 325,631

275,357
87,424
l, 326,957

8l4,109
24l, 926
4, ill, 648

807,273
258,415
3,912,806

38,058
284,612
40,594
19,673
311,585
230,546
686,158

35,352
281,170
42,638
18,546
322,605
228,150
670,007

110,929
868,779
126,254
58,705
972,434
696,092
2,122,277

101,662
8o4, 24i
126,831
54,676
942,102
659,84o
2,151,889

35,655

35,845
284,477
157,274
794,924
895,300
243,643
86,830
218,767
430,993

-4-

2,343,729
93,588
106,124
776,564
480,501

135,002

BANK DEBITS
(In thousands of dollars)
April i960

April 1959

Three months ended
April I960 1 Auril 1959

DISTRICT NO. 7 - CHICAGO
Illinois:

Aurora
Bloomington £/
Champaign-Urbana
Chicago
Danville
Decatur
Elgin
Joliet
Moline-East MolineRock Island
Peoria
Rockford
Springfield

79,075
71,992
81,563
16,393,301
52,726
123,304
50,927
88,580

73,552
70,815
80,248
16,249,843
51,480
120,227
46,124
84,725

235,095
218,812
237,558
51,771,939
147,778
353,371
145,853
268,567

210,307
211, 531
228,64i
48,107,735
146,500
347,679
136,024
242,350

115,373
220,817
205,979
124,879

111, 179
245,723
188,470
135,512

336,203
680,750
628,879
389,071

312,360
704,115
545,480
383,252

Indiana:

Fort Wayne
Gary
Hammond
Indianapolis
Lafayette
Muncie
South Bend
Terre Haute

277,530
147,368
89,831
1,202,388
82,229
96,083
228,623
93,717

284, ill
136,307
85,050
1,252,500
79,655
85,748
233,994
87,449

869,826
439,445
260,650
3,749,673
250,703
283,026
683,433
280,742

806,756
389,783
236,711
3,615,24i
223,303
243,051
669,323
250,481

Iowa:

Burlington
Cedar Rapids
Clinton
Davenport
Des Moines
Dubuque
Mason City
Muscatine
Ottumwa
Sioux City
Waterloo

40,861
139,921
29,059
128,707
509,789
72,590
52,155
19,804
40,663
180,061
101,359

37,738
144,074
29,086
130,811
540,093
71,492
47,658
18,673
37,478
207,187
102,931

115,045
428,683
80,720
379,527
1,626,621
216,763
l4o,660
55,480
115,452
559,606
307,247

106,559
408,073
81,744
363,0 66
1,637,013
206,887
131,654
52,676
106,535
565,659
295,945

Michigan:

Adrian
Battle Creek
Bay City
Detroit
Flint
Grand Rapids
Jackson
Kalamazoo
Lansing
Muskegon
Port Huron
Saginaw

30,475
83,062
62,991
7,363,725
205,918
408,565
103,945
177,706
174,790
102,571
48,165
135,303

29,962
83,531
58,604
6,621,916
193,134
360,849
101,753
180,571
158,222
92,196
4o, 46l
122,514

92,083
242,255
189,622
22,467,541
599,855
1,170,727
324,220
534,790
523,248
312,452
132,862
395,274

86,429
234,950
163,954
19,470,624
548,688
1,035,397
288,546
548,047
461,912
264,426
118,873
350,428

Wisconsin:

Green Bay
Kenosha
Madison
Manitowoc
Milwaukee
Oshkosh
Racine
Sheboygan

98,194
72,269
204,293
32,838
1,979,057
42,552
108,525
76,327

99,201
62,207
193,789
36,227
1,883,899
42,362
101,748
67,502

296,220
225,079
642,097
100,260
5,972,295
133,645
339,614
239,456

283,830
193,346
581,372
109,150
5,354,787
122,993
301,811
200,408

r/ Revised figure:




Bloomington, Illinois, March i960, 79,034.

BANK DEBITS
(In thousands of dollars)
April I960

April 1959

Three months ended
April i960 | A-oril 1959

DISTRICT NO. 8 - ST. LOUIS
Arkansas:

El Dorado
Fort Smith
Helena
Little Rock
Pine Bluff
Texarkana (Also see
Texas, p. 8)

32,665
62,770
11,525
237,299
49,047

34,079
64,512
11,089
249,708
46,780

98,472
181,356
35,652
721,419
144,537

101,627
187,003
31,769
720,367
138,135

28,183

24, 530

75,525

69,738

Alton
E. St. Louis & Nat'1.
Stock Yards
Quincy

43,237

43,918

138,218

130,892

134,217
to, 080

152,989
48,452

418,996
144,687

436,288
l4l,125

Indiana:

Evansvilie

172, l4i

186,999

513,582

524,082

Kentucky:

Louisville
Owensboro
Paducah

904,079
55,669
36,914

943,673
53,099
35,731

2,721,982
161,542
110,381

2,722,146
167,663
101,870

Mississippi:

Greenville

32,682

31,254

98,698

92,116

Missouri:

Cape Girardeau
Hannibal
Jefferson City
St. Louis
Sedalia
Springfield

22,376
12,621
151,402
2,662, 342
18,494
111,829

19,384
13,810
162,482
2,555,601
19,777
114,143

65,4l6
38,318
369,331
8,304,259
53,361
329,593

54,865
37,378
361,856
7,629,126
53,312
325,446

Tennessee:

Jackson
Memphis

31,191
852,323

29,711
826,668

94,067
2,612,826

87,834
2,403,702

Illinois:

DISTRICT NO. 9 - MINNEAPOLIS
133,909
33,629
1,885,678
7,745
55,007
30,021
826,208
82,043
21,872

l4l, 075
37,309
1,858,623
7,936
53,137
26,114
815,327
92,672
22,528

412,652
106,609
5,689,907
29,852
160,230
86,865
2,539,291
255,685
68,961

4i0,811
104,677
5,350,887
23,644
149,954
77,921
2,300,350
257,794
66,762

Billings
Butte
Great Falls
Helena

89,762
51,557
72,961
42,597

95,244
55,260
73,712
44,320

274,632
149,500
214,329
l4o, 128

266,818
158,629
207,311
130,888

North Dakota:

Bismarck
Dickinson
Fargo
Grand Forks
Jamestown
Minot

29,181
9,302
74,583
31,938
10,124
33,653

31,664
9,179
87,015
29,588
11,298
34,058

90,145
30,6l4
240,552
99,330
31,116
100,374

91,506
27,154
244,731
85,410
31,879
94,026

South Dakota:

Aberdeen
Sioux Falls

26,772
109,756

26,510
114,701

85,675
340,459

81,236
325,786

Wisconsin:

Eau Claire
La Crosse
Superior

56,199
59,128
18,233

54,420
59,691
18,521

166,736
200,997
58,941

157,230
182,144
55,725

Minnesota:

Duluth
Mankato
Minneapolis
Red Wing
Rochester
St. Cloud
St. Paul
South St. Paul
Winona

Montana:




April i960

April 1959

BANK DEBITS
(In thousands of dollars)
Three months ended
April I960 I April 1959

DISTRICT NO. 10 - KANSAS CITY
101,5kl
1,413,343
37,102
48,176
87,132

104,856
1,352,057
39,538
46,713
83,748

311,190
4,202,794
109,212
145,760
254,462

322,210
3,845,246
108,167
129,442
239,799

17,560
24,975
18,761
57,029
11,591
119,018
20,846
19,351
11,160
19,739
59,382
183,816
440,272

18,630
30,017
20,648
51,261
11,454
129,271
20,512
19,635
10,179
19,401
50,863
168,397
485,278

46,822
63,937
52,857
165,524
33,527
361,671
64,271
53,868
29,553
56,908
155,025
540,636
1,314,354

51,039
74,999
56,191
155,172
34,846
381,488
60,886
57,554
28,274
54,204
146,377
482,293
1,375,895

23,513
42,001
1,878, 510
126,542

27,106
47,240
1,917,249
l4l, 344

71,063
126,531
5,663,562
386,453

74,863
134,366
5, 504,551
390,465

Fremont
Grand Island
Hastings
Lincoln
Omaha

27,060
35,706
23,616
182,378
825,424

25,790
37,155
23,453
164,221
884,432

73,934
96,760
64,815
521,715
2,524,176

70,689
100,898
65,827
472,822
2,520,859

New Mexico:

Albuquerque
Santa Fe

281,810
56,301

290,582
71,176

855,870
176,511

819,539
177,579

Oklahoma:

Bartlesville
Enid
Guthrie
Lawton
Muskogee
Norman
Oklahoma City
Okmulgee
Ponca City
Tulsa

297,517
48,021
6,191
32,741
38,542
17,805
655,486
8,963
28,801
965,125

279,750
61,180
6,415
32,594
40,712
18,193
695,830
9,326
25,771
1,029,370

941,701
160,825
18,114
94,850
113,633
53,659
1,993,714
26,188
88,577
2,990,515

859,717
176,245
17,783
92,976
118,830
51,549
1,999,204
27,046
79,194
2,981,981

Wyoming:

Casper
Cheyenne

67,654
60,531

70,970
49,150

207,112
214,312

206,699
145,098

Colorado:

Colorado Springs
Denver
Grand Junction
Greeley
Pueblo

Kansas:

Atchison
Dodge City
Emporia
Hutchinson
Independence
Kansas City
Lawrence
Manhattan
Parsons
Pittsburg
Salina
Topeka
Wichita

Missouri:

Independence E/
Joplin
Kansas City
St. Joseph

Nebraska:

r/ Revised figure:




Independence, Missouri, March i960, 27,1*56.

B A M DEBITS
(In thousands of dollars)
April I960

April 1959

Three months ended
April i960 | April W 9

DISTRICT NO. 11 - DALLAS
Arizona:

Tucson

230,080

218,279

711,315

660,483

Louisiana:

Monroe
Shreveport

81,589
351,507

74,299
304,209

249,135
1,012,270

218,397
901,692

New Mexico:

Roswell

4o,98k

37,262

119,110

105,315

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

91,565
215,187
231,118
158,985
193,418
17,333
2,675,392
333,304
736,743
88,802
2,496,104
30,002
196,810
65,335
52,656
611,636

96, l4o
219,209
214,44i
154,256
191,502
15,185
2,444,312
335,519
759,499
93,723
2,485,303
29,047
183,900
64,023
56,052
615,185

283,673
656,114
657,992
484,976
559,350
48,469
8,346,190
l, 049,740
2,289,759
271,628
7,732,360
86,964
624,656
189,910
155,388
1,802,381

287,431
637,076
610,396
455,099
553,014
46,656
7,242,343
1,04l, 198
2,254,295
261,564
7,082,161
79, 517
539,525
175,791
158,265
1,728,728

24,206
83,930
105,258
114,100

21,520
87,350
109,787
117,309

65,860
252,059
322,026
346,187

63,248
255,766
308,675
337,642

645,696

2,264,751

1,943,939

152,836
145,825
287,657
374,940
7,324,173
88,430
913,786
244,877
130,445
l, 435,300
152,579
948,163
4,861,607
394,109
92,245
59,908
139,103

138,764
148,873
257,168
380,984
7,421,180
91,144
842,44l
229,804
120,386
1,246,475
147,771
854,319
4,607,896
378,222
97,381
58,616
130,539

497,707
432,841
897,577
1,110,256
21,163,553
267,189
2,546,807
734,265
369,946
4,080,810
401,420
2,849,853
14,46o, 287
1,152,585
277,892
176,635
392,869

422,721
417,129
761,110
1,117,639
21,339,890
248,027
2,370,767
662,490
335,797
3,925,824
397,672
2,419,315
12,970,192
1,064,887
262,571
159,699
355,378

DISTRICT NO. 1 2 - SAN FRANCISCO
766,016

Arizona:

Phoenix

California:

Baker.sf ield
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

127,593

131,409

386,378

387,034

Nevada:

Reno

120,299

113,669

350,955

312,018

Oregon:

Eugene
Portland
Salem

98,556
l, 233,833
131,619

88,395
1,099,446
128,170

274,439
3,552,979
369,955

245,455
3,144,122
362,724

Utah:

Ogden
Salt Lake City

91,785
514,622

94,991
518,710

269,499
1,606,678

254,175
1,500,481

Washington:

Bellingham
Everett
Seattle
Spokane
Tacoma
Walla Walla
Yakima

40,770
61,783
1,529,784
279,841
223,916
33,516
65,147

39,870
57,659
1,48o, 994
277,475
225,874
31,834
72,857

117,620
180,930
4,766,093
831,060
659,961
98,932
200,928

115,933
168,397
4,454,972
779,636
653,179
92,992
205,654




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