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FEDERAL RESERVE statistical release
G.6

For Immediate Release

DEBITS AND DEPOSIT TURNOVER AT COMMERCIAL BANKS

August 16,

Not Seasonally Adjusted

all banks
1988-MAY
-JUNE
-JULY
-AUGUST
-SEPTEMBER
-OCTOBER
-NOVEMBER
-DECEMBER
1 9 8 9 - J ANUAfiY
-FEBRUARY
-MARCH
-APRIL
-MAY
-JUNE

222,685. 5
241,133. 2
2 1 7 , 3 5 0 . ,7
2 3 7 , 4 5 9 , ,0
224,089. 2
227,485. 2
2 2 8 , 7 4 3 .,0
258,119. 4
2 5 7 , 6 4 9 . .6
231,347.8
2 6 4 , 5 8 1 .,6
238,265. 6
2 7 4 , 8 6 1 . ,8
2 9 5 , 5 2 2 .,8

Debits During the Month (Annual rate, billions of dollars)
To ATS/NOW
To demand deposits 1
accounts 2
New York City
other banks
1 0 6 , 3 3 5 ..6
1 1 7 , 2 8 7 .,7
103,561. 2
1 1 2 , 6 5 4 . ,6
1 0 7 , 1 1 5 .,7
1 1 1 , 0 1 9 ., 4
1 0 8 , 6 3 9 ., 1
1 1 7 , 4 7 0 .,7
1 1 2 , 4 8 0 .,2
1 1 0 , 0 4 7 ., 2
1 2 0 , 2 0 2 ., 2
1 0 5 , 4 6 1 ,.7
1 2 1 , 5 0 7 ..2
1 3 4 , 0 2 0 .,7

1 1 6 , 3 4 9 . ,9
123,845. 5
1 1 3 , 7 8 9 . ,6
1 2 4 , 8 0 4 . ,4
116,973. 5
1 1 6 , 4 6 5 .,8
1 2 0 , 0 5 3 ., 9
1 4 0 , 6 4 8 .,8
1 4 5 , 1 6 9 ., 4
1 2 1 , 3 0 0 . ,6
1 4 4 , 3 7 9 .,4
1 3 2 , 9 0 3 . ,9
1 5 3 , 3 5 4 ., 6
1 6 1 , 5 0 2 ., 1

2,601. 3
2,851. 4
2,536. 6
2 , 8 2 8 . ,0
2,951. 1
2,805. 4
2,714. 1
3 , 1 6 3 . ,8
3,245. 1
2,762., 1
3,228. 6
3,205. 2
3,325. 2
3,770. 8

Average Deposits Outstanding (Billions of dollars)
ATS/NOW
accounts2
New York City
other banks

Demand deposits 1
all banks
1988-MAY
-JONE
-JULY
-AUGUST
-SEPTEMBER
-OCTOBER
-NOVEMBER
-DECEMBER
1989-JANUARY
-FEBRUARY
-MARCH
-APRIL
-MAY
-JUNE

348.7
354.8
362.3
348. 4
348.6
355.5
355. 6
369.2
361.0
338.7
338.2
352. 1
341. 1
345. 4

36.7
37. 6
38.9
35.5
35.2
36. 3
36.2
38.4
37.5
33.8
33.4
34.9
34.9
35.3

312.D
317.3
323.4
312.9
313.4
319.2
319.4
330.8
323.5
304.9
304.9
3 17. 2
306. 2
310. 1

To MMDA 3

To savings deposits^

2,341. 0
2,557. 1
2 , 3 9 9 , ,0
2,530. 0
2,409. 4
2,325. 8
2 , 5 3 9 . ,7
2,940. 5
3,072. 5
2 , 6 2 2 . ,4
2,636. 7
2,700. 2
2,910. 5
3,136. 0

566..4
598.. 3
566,,2
615,.9
570,, 1
540..9
523,.7
6 5 5 ,.6
668,.7
573,.3
649,.6
649,.6
637,.9
6 4 1 ,,4

MMDA 3

185.0
187.5
188.6
187.5
188.7

Savings deposits4

354.7
357.3
356.9
353.4
350.2
348.9
350. 1
348.7
344.2
337.6
336. 3
332.3
323.5
324. 6

188.0

190.4
193.9
194. 8
190.8
191.5
196. 3
185.0
185.8

1989

184.3

186.6
188.0

187.2
185.8
185.7
189.8
188.4
186.9
185.4
184.8
183. 1
183.4
179.7

Annual Rate of Deposit Turnover
ATS/NOW
accounts^

Demand deposits1
all banks
1988-MAY
-JUNE

-JOLT

-AUGUST
-SEPTEMBER
-OCTOBER
-NOVEMBER
-DECEMBER
1 9 8 9 - J ANOARY
-FEBRUARY
-MARCH
-APRIL
-MAY
-JONE

1/
2/
3/
4/

638.6
679.5
599.9

681.6

642.9
639.8
643. 3
699. 1
713. 7
683.1
782. 3
676.6
805.9
855. 6

New York City
2.895.6
3,121.4
2.660.7
3.170.3
3.046.4
3,059.1
2,998.6
3,058.1
2.998.6
3.255.7
3,603.3
3,017.6
3.482.5
3,795.0

MMDA 3

14. 1

6.6

Savings deposits^

other banks
372. 9
390.3
351. 9
399.9
373.3
3 6U.8
375.9
4 25. 2
448.7
397.8
473.6
418.7
500.9
520.9

15.2
13.4
15.1
15.6
14.9
14.3
16.3
16. 7
14.5
16.9
16.3

18.0

20.3

3. 1
3.2
3.0
3.3
3. 1
2.9

7.2
6.7
7.2
6.9
6.7
7.3
8.4
8.9
7.8
7.8

2.8

8. 1
9.0
9.7

R E P R E S E N T S ACCOUNTS O F I N D I V I D U A L S , P A R T N E R S H I P S , AND C O R P O R A T I O N S AND 0 F S T A T E S AND P O L I T I C A L
SUBDIVISIONS.
ACCOUNTS A U T H O R I Z E D FOR N E G O T I A B L E O R D E R S OF WITHDRAWAL (NOW) AND ACCOUNTS A U T H O R I Z E D FOR A U T O M A T I C
T R A N S F E R TO DEMAND D E P O S I T S ( A T S ) . ATS DATA A V A I L A B I L I T Y S T A R T S WITH DECEMBER 1 9 7 8 .
MONEY MARKET D E P O S I T A C C O U N T S .
E X C L U D E S ATS AND NOW A C C O U N T S , MMDA, AND S P E C I A L CLUB ACCOUNTS SUCH AS C H R I S T M A S AND V A C A T I O N C L U B S .

NOTE:

H I S T O R I C A L DATA FOR DEMAND D E P O S I T S ARE A V A I L A B L E BACK TO 1 9 7 0 E S T I M A T E D I N P A R T FROM D E B I T S
S E R I E S FOR 2 3 3 S M S A ' S WHICH WERE A V A I L A B L E THROUGH J U N E 1 9 7 7 .
H I S T O R I C A L DATA FOR A T S / N O W AND
S A V I N G S D E P O S I T S ARE A V A I L A B L E BACK TO J U L Y 1 9 7 7 . BACK DATA ARE A V A I L A B L E ON R E Q U F S T FROM B A N K I N G
MARKET S T A T I S T I C S S E C T I O N , D I V I S I O N OF MONETARY A F F A I R S , BOARD OF G O V E R N O R S O F T H E
FEDERAL RESERVE S Y S T E M , WASHINGTON, D . C . 2 0 5 5 1 .




AND

MONEY

3.5
3.6
3.1
3.5
3. 5
3.5
3.6

FEDERAL RESERVE statistical release
G.6

For Immediate Release

DEBITS AND DEPOSIT TURNOVER AT COMMERCIAL BANKS

August 16,

Seasonally Adjusted

1989

Debits During the Month (Annual rate, billions of dollars)
To demand deposits 1
all banks
1988-MAY
-JUNE
-JULY
-AUGUST
-SEPTEMBER
-OCTOBER
-NOVEMBER
-DECEMBER
1989-JANUARY
-FEBRUARY
-MARCH
-APRIL
-MAY
-JUNE

224,052.3
230,198.8
224,512.7
228,898.2
227,617.3
235,980.5
238,497.5
245,617.5
252,226.7
255,774.3
249,088.3
245,230.1
266,468.1
284,129.2

New York City
109,714.7
111,432.1
107,336.7
110,150.0
108,741.a
114,876.4
112,071.8
111,115.5
109,875.9
121,770.1
111,387.4
107,808.9
120,984.1
129,166.6

To ATS/NOW accounts^

To savings deposits 3

other banks
114,337.6
118,796.6
117,176.0
119,748.2
118,875.5
121,104.1
126,425.7
134,502.0
142,350.8
134,004.2
137,700.9
137,421.3
145,483.9
154,962.7

2,664.9
2,786.0
2,570.4
2,963.6
2,871.2
2,820.2
2,897.2
3,020.8
2,976.2
3,054.9
3,264.9
2,986.4
3,406.5
3,696.5

574.7
597. 1
538.3
609.6
578.6
521.3
574.9
640.7
647.4
649.2
675.2
585.5
647.2
640.0

Average Deposits Outstanding (Billions of dollars)
Demand deposits 1
all banks
1988-MAY
-JUNE
-JULY
-AUGUST
-SEPTEMBER
-OCTOBER
-NOVEMBER
-DECEMBER
1989-JANUARY
-FEBRUARY
-MARCH
-APRIL
-MAY
-JUNE

355.2
354.2
360.5
354.5
349.6
357.7
352. 5
351.6
352. 1
348.3
345. 5
351.6
347.4
344. 8

New York City
38.1
38.3
38.5
37.5
35. 1
37.2
36.9
35.4
35.3
33.7
32. 8
34.9
36.2
36.0

Savings deposits 3

ATS/NOW accounts2
other banks
317. 1
316.0
322.1
317.0
314.6
320.5
315.6
316.3
316.8
314.6
312.7
316.7
311.2
308.8

187.2
188.2
189.9
190. 1
190.5
190.7
191.4
191.4
190.3
191. 3
191.3
190.7
187.2
187. 1

183.9
185.9
187.4
187.9
187. 5
186.3
188.1
187.7
186.5
186.5
185.5
183.0
179.9
179.0

Annual Rate of Deposit Turnover
Demand deposits 1
all banks
1988-MAY
-JUNE
-JULY
-AUGUST
-SEPTEMBER
-OCTOBER
-NOVEMBER
-DECEMBER
1989-JANUARY
-FEBRUARY
-MARCH
-APRIL
-MAY
-JUNE

1/
2/
3/

630. 9
649.8
622.7
645. 8
651.0
659.7
676.6
698. 5
716.3
734.4
721.0
697.5
767. 1
824.0

New York City
2,881.3
2,911.0
2,789.6
2,939.3
3,102.4
3,086.1
3,034.6
3,140.7
3,113.7
3,618.0
3,393.0
3,092.2
3,342.1
3,588.5

Savings deposits 3

ATS/NOW accounts^
other banks
360.6
376.0
363.8
374.6
377.9
377.9
400.6
425.3
449. 3
425.9
440.4
433. 9
467. 5
501.8

14. 2
14.8
13.5
15. 6
15. 1
14.8
15. 1
15. 8
15.6
16. 0
17. 1
15. 7
18.2
19.8

3.1
3. 2
2.9
3.2
3.1
2. 8
3.1
3.4
3.5
3. 5
3.6
3.2
3. 6
3.6

R E P R E S E N T S ACCOUNTS O F I N D I V I D U A L S , P A R T N E R S H I P S , AND C O R P O R A T I O N S AND OP S T A T E S AND P O L I T I C A L
SUBDIVISIONS.
ACCOUNTS A U T H O R I Z E D FOR N E G O T I A B L E O R D E R S OF WITHDRAWAL (NOW) AND A C C O U N T S A U T H O R I Z E D FOR A U T O M A T I C
T R A N S F E R TO DEMAND D E P O S I T S ( A T S ) . A T S DATA A V A I L A B I L I T Y S T A R T S WITH DECEMBER 1 9 7 8 .
E X C L U D E S A T S AND NOW A C C O U N T S , MMDA, AND S P E C I A L CLUB A C C O U N T S SUCH AS C H R I S T M A S AND V A C A T I O N C L U B S .

NOTE:

H I S T O R I C A L DATA FOR DEMAND D E P O S I T S ARE A V A I L A B L E BACK TO 1 9 7 0 E S T I M A T E D I N P A R T FROM D E B I T S
S E R I E S FOR 2 3 3 S M S A ' S WHICH WERE A V A I L A B L E THROUGH J U N E 1 9 7 7 .
H I S T O R I C A L DATA FOP A T S / N O W AND
S A V I N G S D E P O S I T S ARE A V A I L A B L E BACK TO J U L Y 1 9 7 7 . BACK DATA ARE A V A I L A B L E ON R E Q U E S T FROM B A N K I N G
MARKET S T A T I S T I C S S E C T I O N , D I V I S I O N O F MONETARY A F F A I R S , BOARD O F GOVERNORS OF T H E
FEDERAL RESERVE S Y S T E M , WASHINGTON, D . C .
20551.




AND

MONEY