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

G.6

September 16, 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 3 # leading centers for the month of August aggregated $242 "billion.
During the past three months debits amounted to $716 billion or 6.5 per cent above the total
reported for the corresponding period a year ago.

At banks in New York City there was an increase

of 10.7 per cent compared with the corresponding three-months period a year ago; at 6 other centers
the increase was 5.1 per cent; and at 337 other centers it was 3.5 per cent.

SUMMARY BY FEDERAL RESERVE DISTRICTS
(in millions of dollars)
Federal Reserve District
Boston
New Yor&
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis
Kansas City
Dallas
San Francisco

August i960
9,l6l
98,462
9,475
15,279
9,368

7,978
80,711

35,524
6,146
4,590
9,294

8,632
13,641
8,458
9,639
31,044
5,330
3,959
8,313

24,267

21,525

241,809
92,435
49,474
99,899

208,130

10,638

9,606

Total, 3kb reporting centers
New York City
6 other centers*
337 other centers

August 1959

8,899

75,233
43,265

89,633

Three months ended.
August I960 1 August 1959
27,522
296,273
28,544
46,399
27,128
31,046
102,939
18,212
12,797
27,135
28,045
70,210

26,079
268,962
27,687
44,978
26,230
30,254
98,155
17,191
12,350
26,277
27,752
66,454

716,248
278,307
145,143
292,798

672,369
251,431
138,116
282,822

ANNUAL RATE OF TURNOVER OF DEMAND DEPOSITS
EXCEPT INTERBANK AND U. S. GOVERNMENT DEPOSITS
Without
seasonal adjustment

Adjusted for
seasonal variation

Aug.
i960

July
i960

Aug.

1959

Aug.
I960

July
i960

Aug.
1959

59-8

$8.8

51.3

65.5

58.9

56.3

6 other centers*

2/34.7

3^.0

31.3

2/36.7

34.2

33.1

337 other centers

E/26.0

25.7

24.1

2/26.6

25.5

24.7

New York City

*

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




2/ Preliminary.

BANK DEBITS
August i960
(In thousands of dollars)

August i960

August 1959

Three months ended
August I960 1 August 1959

DISTRICT NO. 1 - BOSTON
Connecticut:

Maine:

Massachusetts:

Hartford
New Haven
New London
Waterbury
Bangor
Lewi s ton-Auburn
Portland
Boston
Brockton
Fall River
Holyoke
Lawrence
Lowell
Lynn
New Bedford
Pittsfield
Springfield
Worcester

3,850,807

3,661,675
1,289,294
269,592
367,569

82,496
48,196
155,285

260,449

250,379

157,366

149,074
475,227

4,168,987
78,488

13,803,516

62,780

14,559,276
280,995
208,464

59,258
59,095

213,500

1,259,189
456,233

1,094,924

89,729

97,163
150,298
53,962
196,192

4,833,666

92,201
70,309
62,427

72,269

84,084
73,702
82,267
64,793
316,342
272,875

399,453
86,259
124,015

83,266
68,055

l, 367,248
283,867
434,683

560,877

188,085

251,231
200,928
190,263
189,338

281,125
246,099

56,668

225,189
238,573
190,659
961,435
822,527

245,149
217,469
231,163
180,467
914,748
787,109

74,769

247,223

New Hampshire:

Concord
Manchester

105,505

33,902
97,020

116,398
304,415

104,116
290,537

Rhode Island:

Providence

626,430

562,200

1,875,772

1,840,974

Vermont:

Burlington

58,850

56,159

174,046

168,851

42,636

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
Pougbkeepsie
Rochester
Schenectady
Syracuse
Utica

276,257
144,488

241,937
137,439

847,218
451,131

792,616
425,450

231,725
585,110
70,436
1,484,158
503,411

212,883

695,797
1,753,727
212,139
4,367,542
1,526,445

661,219
1,647,071

98,337
1,002,356
63,526
52,560
92,434,725
88,751
725,021
103,578

450,958
146,380

-2

522,276

61,458

1,264,532
467,103

86,740
994,990
58,827
49,317
75,232,582
78,571
666,155
92,748
405,776

138,016

286,582
2,879,983
204,001

162,135
278,306,959
281,176
2,154,597
315,044

1,376,631
451,704

203,344

4,028,145
1,507,314

269,928

3,259,683
194,648
153,566
251,430,582
261,949

2,099,080
309,866
1,273,906
444,088

August i960

August 1959

BANK DEBITS
- August I960
(In thousands of dollars)
Three months ended
August i960 1 August 1959

DISTRICT NO. 3 - PHILADELPHIA
Delaware:

Wilmington

726,286

618,666

2,484,716

2,147,697

New Jersey:

Atlantic City
Camden
Trenton

132,106

120,353
283,411
371,364

357,809
960,056
1, l 4 l , 283

354,178
880,528
1,173,957

Pennsylvania:

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

135,530
48,772
55,953
88,8o4
202,941
33,631
64.311
112,505
31,254
74.312
5,838,639
161,135
128,768
98,931
41,007
121,701

465,961
152,158
192,728
282,457
672,916
112,680
227,105
357,215
107,4ll
256,441
18,932,933
553,281
437,415
322,508
131,143
395,647

434,302
146,934
204,301
276,900
649,210
103,509
209,263
355,738
96,224
241,951
18,665,921
505,184
407,977
309,848
129,462
393,694

333,648
400,895

156,358
51,938
64,153
99,946
233,617
39,956
76,186
122,435
37,145
87,620
6,282,058
201,244
143,761
108,961
45,010
131,194

DISTRICT NO. 4 - CLEVELAND

71,460
147,249

66,210
144,008

221,454

214,679
4l4,761

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

588,560
200,652
1,827,880
3,933,842
1,377,538
525,643
83,403
70,186
40,178
89,668
63,188
33,877
79,411
41,634
730,549
86,287
267,361
45,988

563,646
184,119
1,708,117
3,412,177
1,171,859
469,324
76,673
66,234
41,886
76,555
71,075
31,792
74,583
34,202
648,151
76,125
241,922
45,681

1,793,746
613,927
5,416,942
11,939,461
3,568,080
1,598,950
243,504
220,006
137,504
267,238
198,163
96,524
251,165
124,975
2,216,242
260,523
8o4,399
134,335

1,791,514
616,482
5,402,450
11,527,843
3,363,442
1,524,007
241,340
215,948
135,246
263,849
203,646
97,607
240,461
116,399
2,079,998
252,224
834,550
141,997

Pennsylvania:

Butler
Erie
Franklin
Greensburg
Oil City
Pittsburgh
Sharon

60,477
173,059
11,459
40,527
29,375
4,526,617
46,427

62,862
157,995
11,120
32,533
24,255
4,021,665
39,622

180,150
508,556
33,875
121,948
85,713
14,498,829
136,715

188,771
487,315
34,304
101,659
78,985
13,987,482
142,789

West Virginia:

Wheeling

86,225

86,538

266,446

278,216

Kentucky:

Covington-Newport
Lexington

Ohio:




-3-

459,829

B A M DEBITS
- August i960
(In thousands of dollars)"
August i960

August 1959

Three months ended
August I960
August 1959

DISTRICT NO. 5 - RICHMOND
District of
Columbia:

Washington

1,924,055

Maryland:

Baltimore
Cumberland
Frederick
Hagerstown

North Carolina:

Asheville
Charlotte
Durham
Greensboro
Kinston
Raleigh
Wilmington
Wilson
Winston-Salem

South Carolina:

Charleston
Columbia
Greenville
Spartanburg

2,244,099
35,206
35,958
49,744
96,286
570,862
119,881
282,321
38,438
409,933
56,737
48,261
257,291
134,845
268,985
205,953
94,562

Virginia:

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

78,145
88,045
348,709
50,106
1,166,953
194,263
44,016
234,703
40,152
98,124
45,596

West Virginia:

8:8Sf

1,820,122
1,904,359
33,144
30,751
46,127
83,982
538,352
120,097
233,388
40,226
312,670
62,882
47,955
245,491
117,366
237,239
179,150
85,776
47,662
55,722
71,785
78,305
340,64l
43,535
1,052,319
177,777
44,802
230,514
42,029
93,191
40,915

5,623,107
6,602,856
110,971
104,772
148,624

234,586
256,704
1,070,191
151,246
3,200,289
588,851
129,757
644,325
122,821
299,560
123,888

5,700,188
6,243,297
109,042
100,509
144,893
265,866
1,665,200
335,432
755,049
92,758
877,093
189,117
105,393
726,905
376,119
705,428
555,731
261,800
161,571
155,401
218,965
243,769
1,067,280
137,663
3,075,157
563,584
l4l,26l
701,366
135,968
288,298
129,446

126,434
2, 566, 014
102,344
112,115
891,080
482,681
2,548,364
2,578,101
746,662
263,849
621,926
1,229,873
157,314
6,381,369
332,508
73,970
322,522
32,001
370,811
58,506
600,830
111, 475
820,211
228,620
4,084,828
115,096
948,116
133,754
60,329
978,322
737,262
2, 228,281

127,498
2,498,479
95,288
113,655
855,377
499,547
2,358,329
2,558,754
739,636
276,349
668,675
1,251,670
158,722
6,023,213
329,067
79,274
319,241
27,503
360,970
54,501
608,891
123,534
8o4,228
257,592
4, o i l , 444
110,028
880,215
136,628
57,240
1,035,067
696,740
2,137,076

297,521
1,672,138
332,753
828,698
91,227
1,117,221
182,007
105,528
742,835
394,112
770,128
583,424
266,843
182,030
148,909

DISTRICT NO. 6 - ATLANTA
Alabama:

Anniston
Birmingham
Dothan
Gadsden
Mobile
Montgomery
Jacksonville
Miami
Orlando
Pensacola
St. Petersburg
Tampa
Albany
Atlanta
Augusta
Brunswick
Columbus
Elberton
Macon
Newnan
Savannah
Valdosta

Florida:

Georgia:

Louisiana:

Mississippi:

Tennessee:

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




41,850
901,020
34,925

38,436
303,130
171,504
879,318
847,425
246,576
87,396
199,959
410,367
54,858
2,209,861
113,982
25,749
113,650
11,043
128,835
19,651
202,791
43,453
281,476
74,779
1,377,647
37,832
337,763
46,736
20,712
327,721

I

250,050
797,546
-4-

4l, 674
717,287
31,585
35,073
270,686
158, 590
744,780
781,864
230,415
87,912
199,602
394,404
53,256
1,990,180
108,032
25,759
103,166
9,258
117,597
19,959
188,436
48,451
263,966
84,359
1,302,882
35,857
278,015
42,914
18,214
332,198
217,203
705,552

BANK DEBITS - August I960
(In thousands of dollars)

August i960

August 1959

Three months ended
August I960
August 1959

DISTRICT NO. 7 - CHICAGO
Illinois:

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

84,151
83,919
78,610
18,458,585
55,418
116.146
52,618
97,169

84,215
73,156
73,671
15,637,980
47,609
114,900
54,941
88,630

264,177
247,712
251,189
53,392,373
162,098
363,703
160,781
287,713

250,108
236,954
249,788
49,784,978
158,055
380,383
160,678
283,599

116,453
231,914
203,163
145,798

114,4l4
226,796
197,535
131,310

373,251
717,545
634,232
4l6,64l

372,657
748,758
623,328
427,191

Indiana:

Fort Wayne
Gary
Hammond
Indianapolis
Lafayette
Muncie
South Bend
Terre Haute

303.147
154,109
92,536
1,403,163
109,399
100,613
216,065
96,084

277,733
130,482
83,891
1,298,739
84,805
84,417
211,099
88,989

884,953
467,902
275,974
3,988,161
307,365
293,025
662,986
282,877

880,855
437,617
263,450
3,979,341
253,519
271,054
684,985
285,437

Iowa:

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

38, o4o
156,674
26,222
126,820
629,923
70,044
49,248
19,014
43,321
201,168
103,534

36,099
l 4 l , 445
27,818
122,872
522,4oi
68,491
43,853
17,578
37,014
184,213
99,741

112,575
459,605
81,865
377,550
1,767,242
216,871
147,517
54,267
121,871
587,157
309,363

114,863
442,022
86,828
381,775
1,682,738
219,808
137,817
54,794
113,455
587,250
312,438

Michigan:

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

29,935
88,432
64,569
7,378,770
201,902
395,222
116,696
170,889
179,565
108,721
55,443
150,668

30,894
83,888
62,862
6,596,079
199,188
366,474
106,272
167,252
173,086
90,623
42,680
136,542

90,455
261,655
190, 810
21,569,613
613,882
1,163,381
331,044
521,290
528,4o6
314,551
150,771
429,436

96,048
266,412
191,271
21,070,704
608,296
1,125,049
325,283
532,945
534,753
286,314
132,752
415,920

Wisconsin:

Green Bay
Kenosha
Madison
Manitowoc
Milwaukee
Oshkosh
Racine
Sheboygan

103,852
69,959
223,551
35,211
2,252,024
45,759
108,069
81,4o6

98,212
70,839
191,289
34,191
1,965,798
43,926
102,103
75,011

309,164
214,191
657,533
105,246
6,116,726
132,556
327,729
239,700

306,862
211,985
611,009
113,707
5,759,237
l4o, 018
329,503
230,772




-5-

BANK DEBITS
- August I960
(In thousands of dollars J
August i960

August 1959

Three months ended
August I960 | August 1959

DISTRICT NO. 8 - ST. LOUIS
Arkansas:

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

33,759
67,920
11,469

37,793

62,768

97,128
195,777

110,956
196,545
34,942

243,262

35,322
733,789

51,130

10,964
231,923
45,074

27,307

27,123

83,475

84,349

146,598

726,760
148,861

Alton
E. St. Louis & Nat11.
Stock Yards
Quincy

47, l4o

44,964

142,365

146,145

149,909
52,750

137,439

45,288

450,559
159,596

440,209
150,362

Indiana:

Evansville

180,894

168,843

556,599

560,253

Kentucky:

Louisville
Owensboro
Paducah

958,854
53,123
37,910

936,929
52,313
35,768

2,818,605

2,916,862
160,258

Mississippi:

Greenville

30,018

30,318

92,497

95,518

Missouri:

Cape Girardeau
Hannibal
Jefferson City
St. Louis
Sedalia
Springfield

23,201

20,285

69,732

Illinois:

Tennessee:

Jackson
Memphis

170,535
119,013

112,354

22,370
118,087

12,645
120,485
2,376,134
17,671
118,535

8,726,056
61,031
356,707

63,321
4i,oo8
367,523
7,857,229
56,535
366,246

32,053
890,716

30,564
766,365

93,020
2,640,842

95,808
2,459,436

544,036
118,278
6,430,681

546,527
114,921
6,123,815
25,902
165,179

13,773
154,775
2,945,224

4l,783

420,903

DISTRICT NO. 9 - MINNEAPOLIS
Minnesota:

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

181,131

43,256
2,331,722
8,237
56,884

31,867
987,204
87,494
23,876

160,718
34,793
1,994,895
8,021
51,903

26,768
816,285

25,794
171,140
94,087
2,731,428

83,417
22,480

248,980
72,454

87,007

2,617,313
255,625
71,152

Montana:

Billings
Butte
Great Falls
Helena

100,276
56,006
86,813
53,571

94,231
51,919
76,646
46,047

280,681

North Dakota:

Bismarck
Dickinson
Fargo
Grand Forks
Jamestown
Minot

33,084
10,377
95,722
35,539
12,044
37,241

30,335
10,124
90,070
31,138
10,731
33,376

94,596
28,344

268,983
98,691
102,498

99,630
29,401
273,697
92,147
33,023
101,796

South Dakota:

Aberdeen
Sioux Falls

29,639
132,730

24,689
127,308

80,277
368,843

77,462
390,973

Wisconsin:

Eau Claire
La Crosse
Superior

60.557
70,860
23.558

50,553
61,020
21,302

171,571
202,477
66, o46

163,922




170,313
240,097
154,193

32,296

284,154
171,264
227,570
142,686

191,770
63,394

B A N K DEBITS
- August i960
(In thousands of dollars)
August i960

August 1959

Three months ended
August I 9 6 0 I August 1959"

DISTRICT NO. 10 - KANSAS CITY
Colorado Springs
Denver
Grand Junction
Greeley
Pueblo

Colorado:

Kansas:

New Mexico:

Oklahoma:

Wyoming:

56,126
89,685

Atchison
Dodge C i t y
Emporia
Hutchinson
Independence
Kansas City
Lawrence
Manhattan
Parsons
Pittsburg
Salina
Topeka
Wichita

62,54-9
11,765
131,216
23,715
17,482
10,952
19,632
69,529
215,573
435,812

Independence
Joplin
Kansas City
St. Joseph

44,970
2,075,644
137,704

Missouri:

Nebraska:

118,846
1,615,309
39,302

17,415
23,251

18,566

23,603

113,292
1,370,955
36,435
42,320
82,290
17,O4O

24,625
18,721
56,863
11,540
133,817
22,607
18,747
10,257
19,093
58,504

334,167

4,523,610
115,069
164,973
252,576
49,64O
67,705
53,006
179,049
36,573
392,304

69,602

21,911
43,348
1,853,521

68,922
132,226
6,065,4l6
403,906

70,954
139,398
5,884,021
4l8,861

25,663
31,300
22,524

90,329
104,773
75,153
583,509
2, 771, 583

98,137
72,593
513,171

455,432

130,869

Albuquerque
Santa F e

311,601
86,425

286,315

Bartlesville
Enid
Guthrie
Lawton
Muskogee
Norman
Oklahoma City
Okmulgee
Ponca C i t y
Tulsa

329,841

256,841
53,179
5,915

1,017,014

120,981
52,042
2,098,477

34,278
999,704

40,166
14,707
64O, 5 3 2
8,534
27,046
952,177

101,179
3,026,893

73,301
68,373

70,567
64,077

220,726
233,789

Casper
Cheyenne




5,708
32,541
38,003
16,373

726,617
8,691

-7-

54,283

188,228
36,292
421,024
71,115
59,667
34,780

1,450,268

178,968

965,364

50,623

52, 554
72,991

56,274
33,582
59,571
196,334
614,972
1,336,823

Fremont
Grand Island
Hastings
Lincoln
Omaha

31,697
35,890
26,958
193,680

336,257
4,224,168
117,068
134,513
259,991

164,708
818,838
77,745

31,106

883,920
222,140

181,444
18,517

99,056

26,893

60,083
192,417

560,023

82,150

2,606,627
893,447
215,517

856,838
210,221
19,127
96,874
131,728
47,377
2,008,973
27,346
87,156
3,051,639

223,009
195,892

X.

BANK DEBITS August I960
(In thousands of dollars)

August i960

August 1959

Three months ended
August I960 I August 1959

D ISTRICT NO. 11 -- DALLAS
Arizona:

Tucson r/

217, U95

198,102

687,667

656,010

Louisiana:

Monroe
Shreveport

84,159
315,499

74,499
310, 207

242,353
968,672

234,253
937,372

New Mexico:

Roswell

43,065

35,782

124,585

112,910

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

97,941
219,043
226,993

91,700
232,899
220,212
149,726
196,310
16,981
2,564,792
318,799

287,881
668,863

697,102

160,006
208,365
16,043

2,885,760
346,123
761,516
92,046
2,626,637
26,234
179,533
64,308
56,335

636,782
23,609

88,402
108,748
121,748

752,732
81,391
2,4l8,234
24,191
169,192
62,119
52,399
597,551
21,578
83,957

105,832
119,333

628,149
474,320
591,619
48,692
8,373,819
1,007,901
2,335,223

258,387

7,563,815

80,853

529,193

191,581

162,919
1,823,406

71,824
251,543
316,972
354,608

293,224

628,553

471,200

584,857
48,851
7,901,652
977,801
2,424,661
261,577

7,638,102
78,571
528,828

192,257

167,9^1
1,880,553
66,545

269,181
326,563
373,166

DISTRICT NO. 12 - SAN FRANCISCO
Arizona:

Phoenix

California:

BakersfieId
Berkeley
Fresno
Long Beach
Los Angeles
Modesto
Oakland
Pasadena
Riverside
Sacramento
San Bernardino
San Diego
San Francisco
San Jose
Santa Barbara
Santa Rosa
Stockton

784,108
159,901
153,765
290,064
368, l4l
7,247,291
101,299

885,058
237,078

121,308
1,735,351

136,856
1,027,701

551,707

2,376,816

1,813,511

153,553
147,952

486,202
447,990
849,356
1,054,929
21,513,843
288,210

428,191
785,244
1,107,075
20,938,907

258,927

368,034
6,533,175
87,970

797,220
230,221
109,263

1,561,231
124,222
885,518

2,505,276

718,610
362,243
4,413,144
419,785

3,032,980

5,274,044

4,490,094

94,384
65,257
149,428

378,367
94,728
59,501
132,423

1,238,637
276,003
188,512
426,271

430,607

15,175,034

476,603

261,781

2,485,634
739,350
351,993
3,891,040
402,615
2,809,736
13,852,080
1,178,301
296,518

184,691
4l4,770

Idaho:

Boise

150,176

128,312

4l4,583

412,234

Nevada:

Reno

l4l, 188

109,202

405,083

346,673

Oregon:

Eugene
Portland
Salem

102,723

304,132
3,746,564
398,215

301,961
3,514,243
393,725

Utah:
Washington:

Ogden
Salt Lake City
Bellingham
Everett
Seattle
Spokane
Tacoma
Walla Walla
Yakima

r/ Revised figure:




Tucson, Arizona:

108,186
1,295,869
144,062
105,776

586,763

46,029
64,738
1,709,227
295,377

238,169
46,160
73,162

June i960, 252,622.

1,170,619
147,463

96,490

291,243

513,298

1,685,186

292,202
1,589,789

4l,4l4

135,608

1,584,970

4,939,587
874,016
718,848

125,514
187,558
4,964,998
876,329

60,294

283,240

212,492
41,208
69,649

190,016

122,090

210,834

691,112
118,491

220,680