Full text of G.6 Bank Debits and Deposit Turnover : May 23, 1920

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for the press

Released for publication Sunday
morning, May 23, 1$20; not
earlier

St. 1175
Federal Reserve Board
May 22, 1920.
BANK DEBITS

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 more important clearing houses. Transactions cover the weekly
periods ending Wednesday, Kay 19 and 12 of the present year and May 21, 191$•
The statement closes with a recapitulation giving comparative figures by re­
serve districts for cities reporting complete data for the three weeks under
review.
Reports from I 52 clearing houses show a total of 9,3^6 millions of debits
to individual account, an increase of about 06 millions over the total shown
the week before. All the larger centers, except Boston, New York, Pittsburgh
and Los Angeles, report larger totals than for the preceding week, the smaller
figures for New York apparently reflecting the decline in the volume of stock
exchange transactions.
The weekly total for New York City, 4,515 millions, was about 477 millions
below the total for the corresponding week in 1919 > when payments on account
of Victory loan subscriptions swelled the volume of bank transactions beyond
the normal. For the other 151 cities the total for the week under review,
U,S 31 millions, shows an increase of about 19 p^r cent, which is less than
the percentage rise in the price level since last"year. Cumulative figures
for the twenty weeks of the present year, 97 »696 millions for New York City,
were about 22 per cent larger, and like figures for the other centers, 92,723
millions - about 2S per cent larger than last year.
DEBITS TO INDIVIDUAL ACC0U3T AT CLEARING HOUSE BAMS
"Week ending
May 19, 1920 : May 12, 1920 : May 21, l g l j
(in thousands of dollars)
DISTRICT No. 1 - BOSTON.
3,501
Bangor
3 ,5 9 V
320,228
293.825
Boston .
8,302
10,298
Fal.1 River
■ 23,058
29,768
Hartford
3 >376
Holyoke
4,113
7,022
5,011
Lowell
6,297
Manchester
5,055
11,430
9,710
7,783
New Bedford
16,518
New Haven
21,121
s, 694
8,411
Portland
34,813
Providence
45,762
40,429
11,014
Springfield
15,397
6,390
Watarbury
7,203
19,194
Worcester
20,209
8 3 7

3 ,

3

1

8

, o 4 o

1 0 , 0 6 4

2 4 ,

5 0 9

4 , 8 3 5

5 , 1 9 ^

2 0 , 3 3 7

1 9

, 9

6

6

8 , 7 7 1

.

DISTRICT No. 2 - NEW YORK
Albany
Binghamton
Buffalo
New York
Passaic
Rochester
Syracuse
DISTRICT No, 3 - PHILADELPHIA
Altoona
Chester
Harrisburg
Johnstown
Lancaster
Philadelphia
Reading
Scranton
Trenton
Wilkes-Barre
Williamsport
Wilmington
 York


2 1 , 9 9 1

22,058
4 , 9 0 8

72,054
4,515,498
6,207
3
1

5
9

, 2

9

, 7 0

s
9

3 , 4 8 5
5 , 6

8

8

3 , 8 4 6

3 , 9 3 8
5 , 9 5 2
3 7 8 , 6 9 3
5 , 9 0 5

1 2 ,5 ^
1

4

, 1

8 ,

7 6

l 4 o

3 , 6 0 9

8,474

4,926

28,623

4,884

31,357
3,522

68,499

60,217

4,666,599
5,583

4,992,589
4,125

31,221

30,040

16,348

11,181

3,692
5,705
3,800
4,384
5.488

2,855
4,813

377,033
5,540
16,362
12,269
S ,3 H
^,352.
8.489
4,746

4,386

3,714

5,260
301,608
4,372

11,854
10,603
6,4is
3,356
11,110
4,088

I

-

S t .1175a
DEBITS TO INDIVIDUAL ACCOUNT AT CLEASING- HOUSE BANKS
Week ending
May 19. 1920 : ..May
1920
:i . i May
1919
.
V , 12.
,,
- ..........21.
-■>(in thousands of dollars-)
DISTRICT No. 4 - CLEVELAND
21,616
Akron
29,968
32,752
Cincinnati
59,20^
58,550
67,385
l4i,.096
Cleveland
176,820
159,309
26,513
Columbus
26,722
29,388
l 4 ,088
Dayton
12
,
286
12,135
6.899
Erie
7,732
S,o64
2, 750
Green sburg
3,710
5.317
5,020
Lexington
5,^96
5,209
3,940
Oil City
3.267
3,223
186,193
172 , 256
Pittsburgh
193,550
3,645
3,207
2.752
Springfield
44,777
33,261+
36,077
Toledo
8,^65
Wheeling
7 >982
8f 839
13,021
13,524
Youngstown
12,046
DISTRICT No. 5 - RICHMOND
Baltimore
Charleston
Charlotte
ColTjmbia
Norfolk:
Raleigh
Hichmond
DISTRICT No. 6 - ATLANTA
Atlanta
Augusta
Birmingham
Chattanooga
Jacksonville
Knoxville
Macon
Mobile
Montgomery
Nashville
New Orleans
Pensacola
Savannah
' Tampa
Vicksburg
DISTRICT Nov 7 - CHICAGO
Bay City
Bloomington
Cedar Rapids
Chi cago
Davenport
De catur
Des Moines
Detroit
Dubuque
Flint
Ft, Wayne
Grand Rapids
Indianapolis
Jackson
Kalamazoo
Lansing
Milwaukee
Peoria
Rockford
Sioux City
South Bend
Springfield
Waterloo



113,920

102, 79U

10,510

9,050
7,520
18,113
4, 100
23,^99

11,980
8,832

20,091
U,8C0
27,957
37.323
8,976
17,468
14,359
15,233
7 .U 62
8,633
9 >577
5,285
27 >55o
80,372
2,780
1 7 ,64l

7,061
2,060
3,447
2,8C0
7,^36
7 45 ,4o6
8,1+73
4,121
22,776

169,916
3397

12 , 1 a

8,6.12
23.581
44,253
5,813

5,197
7,298

74,4oo
11.324
6,391
17,698
5.739
6,379
4,371

11,300

32,912

9,115
17,273

12,374
14,744
6,893
7,1^9
9.305
5,023

28,684
74,003
2,280
18,490
6,991
2,320
3,181

2,620
8 , ll4

685,225

7,154

3,861
23,688
134, 229
3,936
9,322

8,039
21,910

141,920
4, 720
5,017

6,506

67,352
11,337

6,662
18,961
5,528
5,oi4
4, 512

82,195
8.417
5.900
6,811
21,110
3.30C
29,635
21,21k
6,629
12,846
12,388
11,^87
5,892
5,977
7,318
^,390
23 , 751

68,505
1,984
13,378
4,685
1.752
2,340
2,454
4,969
644,653
7,988
3,322
17,416

135,082
2, 402
9,379
6,124
l4 t704
33,57°
4,142
3,329
4,817
57,400
12,087
4,555
15,595
3.417
5,797
3,489

J

f

St. 1175 b
DEBITS TO INDIVIDUAL ACCOUNT AT CLEARING HOUSE BANKS
Week ending
May 19, 192C 1 May 12, 19201 May 21, IS19
(In thousands of dollars)
DISTRICT No. g - ST. LOUIS
5.453
5,616
Evansville
6,055
7.416
Little Rock
10,274
ic M l
40,823
Louisville
36,321
36,465
34,504
Memphis
27,954
33,070
151
. 0*5
St, Louis
166,353
142,037
DISTRICT No. 9 - MINNEAPOLIS
Aberdeen
Billings
Duluth
Fargo
Grand Forks
Great Falls
Helena
Minneapolis
S t , Paul
Sioux Falls
Superior
Winona

1,904

2,192

22,824
3.619
1,826
1,909
2,527

92,625

DISTRICT No. 10 - KANSAS CITY
Atchison
Bartlesville
Cheyenne
Colorado Springs
Denver
Joplin
Kansas City, Kan.
Kansas City, Ivlo.
Muskogee
Oklahoma City
Omaha
Pueblo
St. Joseph
Topeka
Tulsa
Wichi ta




87,177

6,813

2,015

1,990

1,194.

1,283

615

507
4,950
1,852
3,684
*5,882
4,165
3.543

5.009
23,592
75.067
4,969
18,546

6,057

28,215
14,694
2,020
3.441

5,066
42,031
11,111
24,983
'

9,266
39.149

£,*50
10,151
2,525

2,1304,365

)

2,992
1,971
1,693
2,652

33.946
7,961

3.096
1,S15
3,114
43,433
3,9^2
3,369
97,243

DISTRICT No- 11 - DALLAS
Albuquerque
Austin
Beaumont
Dallas
El Faso
Ft- Worth
Galveston
Houston
San Antonie
Shreveport
Texarkana
Tucson
Waco

1,880
2,415
23 . 03s

1,616
2,331
21,721
3,307
1 j63 i
2,597

2,169

77.637
41,142
2 , 063

892

2,841
4,032

35 , b42
3.214
3 .556

89,362
4,599

95,147

26,265

3.124
12,527

60,218

64,965

4,501
23.285
5.723
28,575
14,426

4,473
20, l42
5,173
19 ,928
9,864

1,821
3.941
4,914
37.287
11,127
22,357
7,952
33,279
2,437
13,214
2,279
2,008
4,158

1,676
4,507

4,011
33.665
7,639
22,595
6 , 502
29,395
6,086

1.920
1,728
2,941

St.

1175c

DEBITS TO INDIVIDUAL ACCOUNT AT CLEARING HOUSE BANKS
Week ending
May 21, 1919
May 12, 1920
Way 19, 1920
(In thousands of dollars)
DISTRICT No, 12 - SAN FRANCISCO
2,236
Berkeley
2*692
3,556
2,404
Boise
3,249
4,093
Fresno
6,835
12,359
10,307
Long Beach
3,104
6,226
5,395
26,256
Los Angeles
102,490
68,903
23,326
15,500
Oakland
23,091
Ogden
4,591
4,193
6,415
Pasadena
3,501
6,517
Portland
'42,457
50,524
47,162
Ran#
2,851
2,953
2,863
Sacramento
15,118
12,597
12,077
17,362
Salt Lake City
1 7 , 46s
16,998
San Diego
8,504
9,521
1+1I S
170,654
San Francisco
223 , 072
228,314
San Jose
5,784
3,554
5,593
46,906
Seat tie
4g,4o7
52,707
10,144
Spokane
12,860
14,217
Stockton
6,240
6,573
5,719
11,984
Tacoma
12,443
13,047
Yakima
2,239
3,411
3,772

RECAPITULATION BY FEDERAL RESERVE DISTRICTS
: Number of
Week ending
: centers
May 12, 1920 | May 21, 1919
May 19 , 1920
: included
4SS.364
Boston
432,7£5
12
496,564
New York
5,133,631
4,221,757
4,675,732
7
Philadelphia
374,437
459,346
460,171
13
Cleveland
513,697
559,818
14
594,542
157,368
Richmond
176,976
198,090
7
20S ,256
Atlanta
261,786
247,556
15
Chicago
1
,OSS,SOS
1,201,499
999,031
23
St. Louis
232,691
227,757
253,885
5
157,106
Minneapolis
11
159,921
166, 5SI
Kansas City
14
319,778
285,293
330,982
122,665
Dallas
156 ,2SS
12
144,973
434,655
San Francisco
564,257
19
550,755

Federal
Reserve
District
No.

1
2
3
4
5
6
7
8
9
10
11
12

TOTAL




152

9,346,050

9 . 260,136

9, 051,615