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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) November 16, 1959 G.6 BANK DEBITS TO DEMAND DEPOSIT ACCOUNTS EXCEPT INTERBANK AND U. S. GOVERNMENT 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 October aggregated $230 billion. During the past three months debits amounted to $654 billion or 10.1 per cent above the total reported for the corresponding period a year ago. At banks in New York City there was an increase of 12.2 per cent compared with the corresponding three-months period a year ago; at 6 other centers the increase was 8.6 per cent; and at 337 other centers it was 9.1 per cent. Preliminary estimates of the annual rates of turnover of demand deposits, without seasonal adjustment, in October are 56.9 at New York City, 31*4 at 6 other centers, and 24.0 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 Kansats City Dallas San Francisco Total, 344 reporting centers New York City 6 other centers* 337 other centers October 1959 October 1958 Three months ended October 1959 1 October 1956 9,173 95,398 9,665 14,363 9,113 10,111 32,244 6,304 4,100 8,601 9,365 21,811 8,734 85,192 9,007 13,917 8,514 9,124 30,691 5,878 4,064 8,612 8,745 20,417 25,385 262,724 27,290 41,978 26,305 29,579 93,665 17,373 12,101 25,406 27,425 64,990 23,722 234,960 25,038 39,100 23,891 26,196 86,129 16,033 11,621 24,299 24,687 58,271 230,248 89,519 46,083 94,646 212,894 79,620 43,594 89,680 654,221 245,819 132,607 275,795 593,948 219,127 122,057 252,764 *Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles. BANK DEBITS - October 1959 (In thousands of dollars rs) October 1959 October 1958 Three months ended October 1959 I October 195# DISTRICT NO. 1 - BOSTON 1,172,272 447,477 86,237 134,865 1,168,747 409,140 83,620 112,062 3,420,070 1,280,367 258,517 391,943 3,248,979 1,154,284 248,294 322,939 90,920 52,642 170,481 82,834 49,506 159,390 255,671 151,399 484,089 247,100 141,020 437,145 4,939,138 91,337 70,650 67,889 73,027 86,531 80,687 87,232 65,260 361,468 263,794 4,703,968 86,097 66,773 63,529 71,105 78,001 75,181 75,462 57,716 325,292 279,288 13,319,994 253,763 201,799 191,398 199,429 247,776 223,384 238,977 181,128 948,508 767,540 12,513,594 226,655 189,149 176,148 195,702 204,849 202,449 214,554 154,964 861,076 757,268 Concord Manchester 34,908 96,656 34,595 88,358 102,944 292,365 97,942 257,964 Rhode Island: Providence 640,296 609,883 1,804,289 1,721,628 Vermont: Burlington 59,052 53,048 169,669 148,363 Connecticut: Hartford New Haven New London Waterbury Maine: Bangor Lewi s ton-Auburn Portland Massachusetts: Boston r/ Brockton Fall River Holyoke Lawrence Lowell Lynn New Bedford Pittsfield Springfield Worcester New Hampshire: 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 289,778 142,142 266,358 120,882 804,873 414,620 743,403 358,612 235,410 533,610 74,363 1,369,984 514,376 210,195 546,522 56,292 1,242,204 504,661 669,868 1,569,143 201,152 3,924,374 1,428,630 582,565 1,539,689 160,634 3,571,309 1,405,889 90,237 991,627 65,913 51,409 89,519,383 91,814 739,080 105,469 430,464 153,174 95,829 995,035 65,930 49,900 79,620,165 81,877 673,482 111,600 414,515 136,573 270,962 2,967,036 190,740 151,719 245,819,382 256,959 2,064,831 295,429 1,249,012 445,260 298,336 2,848,838 184,403 141,759 219,126,839 227,670 1,892,431 298,577 1,169,781 409,758 r/ Revised figure: Boston, Massachusetts: April, 1959> 4,728,133. -2- October 1959 October 1958 BANK DEBITS - October 192S (In thousands of dollars •s) Three months ended October 1959 | October 1958' DISTRICT NO. 3 - PHILADELPHIA Delaware: Wilmington r/ 789,276 755,235 2,252,196 2,037,402 New Jersey: Atlantic City Camden Trenton 102,640 298,309 393,107 96,104 307,017 355,083 338,746 873,236 1,122,864 306,479 850,748 1,113,591 Pennsylvania: Allentown Altoona Bethlehem Chester Harrisburg Hazleton Johnstown Lancaster Lebanon Norristown Philadelphia Reading Scranton Wilkes-Barre Williamsport York 154,466 50,162 62,087 93,744 215,039 37,505 62,768 131,044 30,711 83,969 6,582,657 161,873 133,513 106,171 43,168 133,152 138,993 49,959 68,119 92,724 217,243 34,784 67,378 122,044 32,633 437,351 146,501 176,259 277,833 631,135 108,4l0 189,562 364,974 91,855 238,147 18,336,846 486,233 395,131 309,265 126,032 387,468 435,573 146,615 194,617 260,993 623,432 101,735 194,542 341,341 94,701 198,450 16,506,855 465,567 399,924 302,375 117,312 346,011 70,686 6,017,259 167,860 144,063 108,530 40,836 120,261 DISTRICT NO. 4 - CLEVELAND Kentucky: Covington-Newport Lexington Ohio: Pennsylvania: 76,101 140,793 66,644 133,118 208,771 424,273 189,129 363,911 Akron Canton Cincinnati Cleveland Columbus Dayton Hamilton Lima Lorain Mansfield Middletown Portsmouth Springfield Steubenville Toledo Warren Youngstown Zanesville 596,515 194,097 1,819,671 3,747,172 1,135,063 521,701 8l,46l 73,579 46,039 91,911 69,666 32,113 76,296 37,306 706,017 80,488 228,191 45,850 557,857 195,271 1,685,766 3,622,569 1,135,495 451,991 79,395 69,376 41,503 82,493 63,023 31,031 70,935 38,671 633,664 79,376 254,463 41,427 1,740,648 571,147 5,273,917 10,733,503 3,376,782 1,518,840 244,987 208,390 127,709 259,899 209,199 95,571 225,384 108,992 2,027,815 230,674 715,728 136,082 1,558,340 525,336 4,736,262 9,942,129 3,375,466 1,293,998 218,798 196,082 117,613 184,817 87,049 202,536 109,731 1,825,489 217,075 707,653 119,513 Butler Erie Franklin Greensburg Oil City Pittsburgh Sharon 62,568 164,668 11,057 34,084 26,183 4,l4l,ll8 38,987 55,891 146,546 9,981 32,437 25,542 4,181,751 44,257 181,959 483,382 32,721 97,551 76,918 12,294,812 118,954 155,217 424,432 29,355 93,581 72>4o8 11,756,809 124,527 84,470 86,807 253,834 245,541 Wheeling r/ Revised figure: Wilmington, Delaware: September 1959, 844,254. 227,212 October 1959 BANK DEBITS (In thousands of dollars October 1959 October 1958 Three months ended October 1959 I October 1958 DISTRICT NO. 5 - RICHMOND District of Columbia: Maryland: Washington Baltimore Cumberland Frederick Hagerstovn Asheville North Carolina: Charlotte Durham Greensboro Kinston Raleigh Wilmington Wilson Winston-Salem South Carolina: Charleston Columbia Greenville Spartanburg Charlottesville Virginia: Danville Lynchburg Newport News Norfolk Portsmouth Richmond Roanoke West Virginia: Bluefield Charleston Clarksburg Huntington Parkersburg Anniston Birmingham Dothan Gadsden Mobile Montgomery Jacksonville Florida: Miami Orlando Pensacola St. Petersburg Tampa Albany r/ Georgia: Atlanta Augusta Brunswick Columbus Elberton Macon Newnan Savannah Valdosta Baton Rouge Louisiana: Lake Charles New Orleans Hattiesburg Mississippi: Jackson Meridian Vicksburg Chattanooga Tennessee: Knoxvil'le Nashville For footnote see page 5. Alabama: 2,031,478 1,743,952 1,966,684 2,009,334 32.267 35,271 32,283 31,595 49,498 51,342 90,983 90,059 609,165 566,545 135,012 134,956 272,695 243,622 42,336 51,622 331,087 337,445 59,246 63,178 60,190 75,449 285,905 249,226 129,904 113,767 247,980 228,929 198,705 170,999 93,885 78,033 53,139 51,920 83,149 88,426 69,387 72,587 67,064 81,122 336,984 366,532 44,411 46,022 1,030,147 1,044,193 180,459 193,199 50,724 44,760 192,487 214,010 to, 210 44,290 94.268 98,364 43,925 43,261 DISTRICT NO. 6 - ATLANTA 40,098 44,206 748,469 779,870 29,265 35,772 34,452 35,830 261,981 283,487 165,178 174,889 712,396 780,499 850,666 754,877 249,446 170,797 86,708 88,410 165,422 218,787 339,613 394,672 61,509 55,084 1,770,797 2,080,123 101,134 109,762 20,590 26,255 103,096 104,884 8,650 9,857 114,862 124,828 16,661 21,991 194,638 198,737 24,146 34,797 209,447 275,626 88,253 84,792 1,266,117 1,335,245 34,442 37,973 287,091 314,724 44,845 42,386 21,247 19,368 297,297 317,361 219,344 238,192 732,846 739,461 - 4 - 5,798,900 5,793,981 102,334 98,636 146,722 264,240 1,730,913 390,474 762,996 140,795 930,051 192,693 189,474 794,014 365,000 714,479 591,400 267,002 154,949 213,220 214,930 237,634 1,042,494 136,927 3,154,865 552,650 133,900 647,907 134,340 279,493 4,806,681 5,530,571 92,812 90,033 144,529 257,400 1,584,219 357,769 677,078 140,819 927,444 170,520 185,135 670,615 325,019 649,649 482,976 225,253 146,415 197,170 127,385 2,260,356 99,409 103,412 845,085 502,108 2,278,880 2,457,501 716,146 260,068 634,939 112,944 2,157,213 79,896 97,248 745,066 483,690 1,982,051 2,162,594 481,126 243,547 449,147 975,423 187,585 5,172,117 309,005 60,326 295,822 26,321 333,271 47,500 552,887 87,509 593,327 248,538 3,670,172 98,500 816,703 123,665 56,246 869,441 636,613 2,040,718 128,006 1,199,228 162.601 6,085,931 322,972 75,169 318,769 28,761 364,472 62,151 583.602 117,902 796,238 252,901 3,972,364 109,691 876,105 136,297 60,583 970,194 688,595 2,109,061 191,802 198,448 976,534 124,884 3,000,742 518,015 150,372 558,620 123,985 262,296 123,492 October 1959 October 1958 BANK DEBITS - October 1952 (In thousands of dollars 8} Three months ended October 1959 October 1955"" DISTRICT NO. 7 - CHICAGO Illinois: Aurora Blooming-ton Ch&mpaign-Urbana Chicago Danville Decatur Elgin Joliet Moline-East MolineRock Island Peoria Rockford Springfield 85,392 69,895 93,^12 16,562,249 55,508 142,512 53,691 97,360 72,357 82,470 93,858 16,071,493 52,729 150,929 49,428 89,673 252.271 223,089 252,313 47,727,788 156,477 383,443 158,338 275.380 205,802 222,870 239.727 44,353,979 150,240 384,979 135,985 247,318 129,200 239,798 216,929 139,817 117,287 253,982 190,224 135,352 359,260 710,570 610,624 419,938 324,307 699,987 534.728 381,892 Indiana: Port Wayne Gary Hammond Indianapolis Lafayette Muncie South Bend Terre Haute 299,203 125,962 83,534 1,315,224 89,804 89,694 218,235 94,801 280,125 124,429 83,128 1,325,621 78,555 80,065 210,010 88,406 846,872 374,687 247.704 3,806,838 257,316 265,959 650,602 270.705 755,505 349,409 228,216 3,652,178 221,715 228,859 589,602 248,115 Iowa: Burlington Cedar Rapids Clinton Davenport Des Moines Dubuque Mason City Muscatine Ottumwa Sioux City Waterloo 40,570 158,848 32,334 136,007 571,384 82,312 53,268 20,541 42,935 213,351 109,341 38,598 141,560 33,683 122,453 577,012 73,181 51,092 23,030 40,279 218,456 112,097 112,872 443,035 89,735 387,464 1,642,905 221,868 143.019 56,843 118,587 601,209 311,662 104,778 394,049 85,920 347,926 1,600,457 204,415 137,832 59,505 111,658 581,987 301,290 Michigan: Adrian Battle Creek Bay City Detroit Flint Grand Rapids Jackson Kalamazoo Lansing Muskegon Port Huron Saginaw 33,302 87,859 67,536 6,620,495 197,864 376,566 110,536 177,044 173,720 96,925 48,341 141,413 27,685 84,917 62,523 5,924,063 165,lto 365.121 99,200 165,673 155.122 87,220 135,784 93,242 253.020 191.435 19,478,229 580,907 1,124,526 320,252 513,834 511,206 283,331 133.381 410,342 79,163 245,201 174,362 17,429,439 462,466 1,017,023 270,839 476,477 442,615 248,412 118,027 369,849 Green Bay Kenosha Madison Manitowoc Milwaukee Oshkosh Racine Sheboygan 98,764 68,525 197,691 35,007 1,821,883 44,491 105,613 76,850 97,270 56.832 190,337 35.833 1,736,379 39,679 94,495 66,774 296,921 205.436 589,098 102,513 5,524,395 130,780 309,384 233.272 293,098 162,479 546,785 107,316 5,015,813 114,565 273,428 196,316 Wisconsin: 39,183 Footnote for page 4: r/ Revised figures: Albany, Georgia, for 1959: January 47,842, February 42,076, March 46,056, April 46,870, May 48,200, June 51,622, July 53,844, August 53,256. Revised to exclude interbank debits erroneously reported by a reporting office beginning with January. Back figures have not been revised, but it is estimated that the totals reported for 1958 would be decreased by approximately 25 per cent. -5- BARK DEBITS - October 1959 (In thousands of dollars) Three months ended October 1958 October 1959 1 October 1958 DISTRICT NO. 8 - ST. LOUIS October 1959 Arkansas: Illinois: El Dorado Fort Smith Helena Little Rock Pine Bluff Texarkana (Also see Texas, p. 8) 31,568 65,771 26,550 261,949 94,571 34,128 67,339 13,839 252,461 69,649 101,790 193,056 52,399 747,139 201,550 96,629 189,100 31,036 692,835 155,979 29,314 25,313 84,436 71,694 Alton E. St. Louis & Nat'l. Stock Yards Quincy 46,316 42,316 139,756 127,122 143,507 53,507 166,749 52,625 421,791 146,396 462,223 137,927 Indiana: Evansville 174,755 187,402 510,527 519,856 Kentucky: Louisville Owensboro Paducah 953,067 63,895 38,806 931,920 56,364 36,049 2,799,001 166,705 110,226 2,631,060 151,318 98,667 Mississippi: Greenville 48,804 31,533 113,283 85,257 Missouri: Cape Girardeau Hannibal Jefferson City St. Louis Sedalia Springfield 24,428 13,918 142,570 2,754,173 19,324 125,268 19,584 14,317 126,547 2,633,026 19,615 120,516 65,373 39,429 380,146 7,750,239 56,336 367,829 52,735 38,191 336,577 7,281,109 54,205 337,836 Tennessee: Jackson Memphis 40,956 1,151,004 30,843 945,769 102,387 2,823,392 82,737 2,398,444 DISTRICT NO. 9 - MINNEAPOLIS 152,204 37,706 2,039,046 8,719 56,826 28,161 839,977 96,527 21,752 174,728 38,199 1,943,642 8,469 54,615 25,462 824,876 118,490 24,972 484,648 107,734 6,024,667 25,576 164,426 82,902 2,516,417 265,857 65,040 513,031 104,307 5,648,531 25,255 160,185 74,840 2,390,832 309,718 67,062 Billings Butte Great Falls Helena 110,640 52,853 82,814 47,360 112,872 63,980 89,806 50,822 307,038 155,903 241,356 141,197 295,541 171,868 240,877 142,165 North Dakota: Bismarck Dickinson Fargo Grand Forks Jamestown Minot 34,069 12,748 99,597 34,259 12,770 37,203 32,968 12,687 110,772 31,600 12,960 39,185 95,512 36,053 283,090 97,721 35,858 105,989 92,948 30,326 288,471 93,924 35,213 104,833 South Dakota: Aberdeen Sioux Falls 29,755 134,151 28,840 131,097 80,981 387,298 83,900 364,221 Wisconsin: Eau Claire La Crosse Superior 50,692 59,067 21,511 52,187 59,266 21,316 151,372 180,161 64,093 149,993 171,351 61,700 Minnesota: Duluth Mankato Minneapolis Red Wing Rochester St. Cloud St. Paul South St. Paul Winona Montana: October 1959 October 1958 BANK DEBITS - October 1959 (In thousands of dollars) Three months ended October 1959 I October 1958 DISTRICT NO. 10 - KANSAS CITY Colorado: Colorado Springs Denver Grand Junction Greeley Pueblo Kansas: 112,556 1,353,963 38,158 57,058 77,576 110,864 1,339,567 37,467 50,312 80,994 340,853 4,116,650 112,754 148,181 238,149 318,650 3,817,630 108,910 127,287 242,964 Atchison Dodge City Emporia Hutchinson Independence Kansas City Lawrence Manhattan Parsons Pittsburg Salina Topeka Wichita 16,678 24,457 21,758 52,763 11,048 136,628 24,611 22,639 11,615 20,829 57,836 181,942 454,778 16,369 23,020 22,991 53,438 10,448 130,067 23,064 21,050 10,444 19,681 55,850 169,909 484,308 49,690 73,259 61,655 161,095 34,801 401,915 69,313 60,790 33,093 60,137 171,407 542,157 1,340,865 47,069 67,212 58,809 161,633 31,636 374,415 62,833 58,735 30,315 52,768 160,603 491,870 1,391,840 Missouri: Independence Joplin Kansas City St. Joseph 23,002 44,275 1,919,872 140,794 24,825 49,398 1,947,071 148,268 68,069 134,480 5,604,392 410,709 65,439 135,008 5,397,299 408,540 Nebraska: Fremont Grand Island Hastings Lincoln Omaha 27,809 38,019 26,080 177,803 878,305 26,572 33,951 23,326 167,585 903,242 80,566 104,925 71,571 506,964 2,538,024 76,238 97,857 65,711 491,015 2,466,462 New Mexico: Albuquerque Santa Fe 280,244 61,765 264,034 56,497 860,108 206,230 766,831 170,961 Oklahoma: Bartlesville Enid Guthrie Lawton Muskogee Norman Oklahoma City Okmulgee Ponca City Tulsa 282,013 52,111 7,478 32,827 40,900 20,045 709,097 9,526 31,461 980,687 288,973 59,415 5,848 27,386 49,132 18,287 668,806 9,843 25,301 1,021,413 821,893 155,903 19,523 96,709 120,908 52,262 2,054,027 26,972 86,031 2,955,075 839,504 161,838 16,533 79,893 137,247 50,226 1,848,002 26,399 74,780 2,949,057 Wyoming: Casper Cheyenne 76,762 63,155 73,925 58,698 221,277 192,769 208,189 160,392 BANK DEBITS - October 1959 (In thousands of dollars) October 1959 October 1958 Three months ended October 1959 I October 1958 DISTRICT NO. 11 - DALLAS Arizona: Tucson 227,211 208,941 641,895 567,861 Louisiana: Monroe Shreveport 80,974 320,623 74,458 292,979 232,856 933,379 220,056 838,173 New Mexico: Roswell 43,497 37,555 116,982 98,658 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 100,274 229,189 209,839 157,649 192,763 18,287 2,641,263 378,609 774,363 93,820 2,557,524 27,469 229,755 68,547 56,753 606,715 93,725 217,092 196,512 150,345 187,963 20,146 2,410,297 321,345 772,966 94,848 2,424,727 26,327 200,921 65,570 57,121 562,086 293,698 688,453 631,801 469,6ll 586,111 52,468 7,780,537 1,029,820 2,307,972 268,855 7,536,613 77,908 582,381 191,539 167,244 1,807,405 264,755 593,776 562,626 431,565 564,102 55,027 6,815,146 897,307 2,174,789 271,702 6,870,366 74,069 505,429 188,302 155,710 1,617,501 23,223 80,094 125,632 120,574 21,230 86,353 103,920 117,932 65,825 252,575 347,333 361,617 59,131 246,428 293,758 321,043 DISTRICT NO. 12 - SAH FRANCISCO Arizona: Phoenix California: Baker.sfield Berkeley Fresno Long Beach Los Angeles Modesto Oakland Pasadena Riverside Sacramento San Bernardino San Diego San Francisco San Jose Santa Barbara Santa Rosa Stockton 659,850 545,493 1,791,711 1,475,346 159,020 141,914 328,554 346,233 6,684,903 102,439 786,102 241,200 123,206 1,083,655 130,187 878,479 4,693,863 393,528 96,162 58,131 154,230 177,629 139,867 282,909 346,627 6,441,103 98,988 750,766 109,957 928,661 123,233 756,591 4,436,460 364,167 86,226 55,904 119,429 448,169 429,906 862,663 1,068,469 19,810,295 289,594 2,383,031 697,476 349,518 3,864,136 386,157 2,624,227 13,934,205 1,170,740 282,559 176,837 433,083 430,580 396,413 722,476 998,486 18,426,544 260,838 2,206,278 615,762 301,229 2,858,327 351,352 2,174,774 12,826,533 218,800 157,849 321,419 Idaho: Boise 133,128 131,555 400,590 372,239 Nevada: Reno 114,107 97,443 335,941 298,124 Oregon: Eugene Portland Salem 102,553 1,262,363 141,124 87,186 1,135,571 134,591 309,403 3,600,108 425,365 253,532 3,153,005 376,283 Utah: Ogden Salt Lake City 101,660 556,614 101,238 506,051 297,227 1,602,776 289,631 1,444,487 Washington: Bellingham Everett Seattle Spokane Tacoma Walla Walla Yakima 43,837 64,811 1,579,543 302,605 229,250 36,232 81,664 45,053 58,000 1,496,875 289,943 229,370 34,784 86,557 129,318 187,301 4,776,169 889,100 688,300 115,420 229,861 122,552 163,629 4,238,489 836,000 645,128 101,650 228,510 - 8 -
@FedFRASER