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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