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FEDERAL RESERVE statistical release [[[[ f*AL G.6 For Immediate Release DEBITS AND DEPOSIT TURNOVER AT COMMERCIAL BANKS Not Seasonally Adjusted January 27, Debits During the Month (Annual rate, billions of dollars) To ATS/NOW accounts 2 New York City other banks To demand deposits 1 all banks all banks 1987-OCTOBER -NOVEMBER -DECEMBER 1988-JANUARY -FEBRUARY -MARCH -APRIL -MAY -JUNE -JULY -AUGUST -SEPTEMBER -OCTOBER -NOVEMBER MMDA3 Savings deposits* 174.6 175.7 175.6 176.3 177.2 180.3 187.5 188.7 357.0 355.5 355.7 35b.3 35o.5 357.8 357. 1 354.7 357.3 3 5b. 9 J 53. 4 350.2 190.4 J 50. 1 189.6 176.8 178.2 180.7 184.6 182.4 184.2 191.1 185.0 187.5 316.3 318.7 323.0 322.7 305.4 304.5 319.6 312.0 317.3 323.4 312.9 313.4 319.2 319.4 39.4 38.9 38.5 40.3 36. 8 3b. 5 37.4 36.7 37.6 38.9 35.5 35.2 36.3 3b. 2 355.7 357.6 361.5 362.9 342.2 340.9 357.0 348.7 354.8 362.3 348.4 348.6 355.5 355.6 2.337.5 2,372.8 2.341.0 2.557.1 2,399.0 2,530.0 2,409.4 2,326.8 2.639.7 2.951.1 2,805.4 2,714.1 Average Deposits Outstanding (Billions of dollars) ATS/NOW accounts 2 New York City other banks 604.3 519.9 568.9 552.5 526.3 616.5 603.2 566.4 598.3 566.2 615.9 570.1 540.9 523.7 2,10^.8 2,828.0 Demand deposits 1 To savings deposits* 2,247.8 1,959.8 2.276.4 2.305.6 2.577.7 2.375.8 2,645.3 2.565.2 2,468.6 2.825.0 2.745.3 2.601.3 2.851.4 2,536.6 122,600.8 106,194.2 119,790.3 112,189.0 110,792.7 123,728.8 113,706.9 116,349.9 123,845.5 113,789.6 124,804.4 116,973.5 116,465.8 120,053.9 111,398.9 96,035.9 102,548.7 97,840.1 98,106.5 109,557.8 101,141.9 106,335.6 117,287.7 103,561.2 112,654.6 107,115.7 111,019.4 108,689.1 233,999.8 202,230.1 222,338.9 2 10,029.1 208,899.2 233,286.6 214,848.8 222,685.5 241,133.2 217,350.7 237,459.0 224,089.2 227,485.2 228,743.0 1987-OCTOBEB -NOVEMBER -DECEMBER 1 9 8 8 - J ANUARY -FEBRUARY -MARCH -APRIL -HAY -JUNE -JULY -AUGUST -SEPTEMBER -OCTOBER -NOVEMBER To MMDA3 1989 188.6 188.0 182.6 184.3 186.6 188.0 167.2 185.8 185.7 34d.9 Annual Rate of Deposit Turnover ATS/NOW accounts2 Demand deposits 1 New York City all banks 19 8 7 - O C T O B E R -NOVEHBEE -DECEMBER 19 8 8 - J A H U A R Y -FEBRUARY -MARCH -APRIL -MAY -JUNE -JULY -AUGUST -SEPTEMBER -OCTOBER -NOVEH BER 601.8 638.6 679.5 599.9 681.6 642.9 639.8 643.3 1/ REPRESENTS 2/ ACCOUNTS A U T H O R I Z E D FOR N E G O T I A B L E TRANSFER TO DEMAND D E P O S I T S ( A T S ) . 3/ 4/ EXCLUDES*ATS AND^NOW ACCOUNTS^ 387.6 J33.3 370.9 347.7 362.8 406.4 355.7 372.9 390.3 351.9 398.9 373.3 364.8 375.9 2,824.8 2,4b7.8 2,661.4 2.430.3 2,664.b 3,005.7 2.706.2 2.395.6 3.121.4 2.660.7 3.170.3 3.046.4 3,059. 1 2,998.6 657.8 565. 6 615.0 578.7 610.5 684.3 ACCOUNTS OF I N D I V I D U A L S , PARTNERSHIPS, MMDA3 Savings deposits* other banks AND C O R P O R A T I O N S AND O F S T A T E S 6.6 b.6 7.2 6.7 7.2 6.9 b. 7 7.3 2.8 AND P O L I T I C A L ORDERS OF 8 I T H D R A N A L ( N O i ) AND ACCOUNTS A U T H O R I Z E D FOB AUTOMATIC ATS DATA A V A I L A B I L I T Y S T A R T S B I T H DECEMBER 1 9 7 8 . MMDA, AND S P E C I A L CLUB ACCOUNTS SUCH AS C H R I S T M A S AND VACATION C L U B S . " " 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 F k D E f i A L R E S E R V E S Y S T E M , WASHINGTON, D . C . 2 0 5 5 1 . 3.5 3.0 3.2 3.1 3.0 3.4 3.3 3.1 6.1 3.0 3.3 3.1 2.9 6.3 5.5 b.4 o.5 5.9 b.5 14.6 13.3 14.6 13.9 13.5 15.3 14.4 14.1 15.2 13.4 15.1 15.6 14.9 14.3 AFFAIRS, BOARD OF GOVERNORS OF THE - FEDERAL RESERVE statistical release G.6 i n For Immediate Release DEBITS AND DEPOSIT TURNOVER AT COMMERCIAL BANKS Seasonally Adjusted Debits During the Month (Annual rate, billions of dollars) To demand deposits 1 a banks M 1987—OCTOBER -NOVEMBEB -DECEMBER 1988-JANUABY -FEBRUARY -MARCH -APRIL -MAY -JUNE -JULY -AUGUST -SEPTEMBER -OCTOBER -NOVEMBER 234,398.3 219,386.1 203,290.6 213,270.8 221,057.3 218,986.7 213,971.5 224,052.3 230,198.8 224,512.7 228,898.2 227,617.3 235,980.5 238,497.5 January 27, To ATS/NOW accounts^ New York City 123,564.6 115,692.5 110,650.5 114,537.0 116,489.0 117,825.7 1 13,276.4 114,337.6 118,796.6 117,176.0 118,748.2 118,875.5 121, 104. 1 126,425.7 To savings deposits 3 other banks 110,833.6 103,693.6 92,640.1 98,733.8 104,568.3 101,161.0 100,695.1 109,714.7 111,402.1 107,336.7 110,150.0 108,741.8 114,876.4 112,071.8 1989 582.4 570.8 556.0 534.9 596.0 640.7 543.7 574.7 597.1 538.3 609.6 578.6 521.3 574.9 2,5*1.3 2,536. 1 2,525.7 2,352.7 2,730.3 2,856.8 2,557.9 2,664.9 .2, 7 8 6 . 0 2,570.4 2,963.6 2,671.2 2,820.2 2,897.2 Average Deposits Outstanding (Billions of dollars) Demand deposits 1 all banks 1987-0CT0BER -NOVEMBER -DECEMBER 19 8 8 - J ANUAR Y -FEBRUARY -MARCH -APRIL -MAY -JUNE -JULY -AUGUST -SEPTEMBER -OCTOBER -NOVEMBER 357.9 354. 4 344. 3 354.0 351.9 34b. 2 356.5 355.2 354.2 360.5 354.5 349.6 3b7. 7 352.5 New York City 40.4 39.6 35.5 38.0 36.8 36.0 ->7.3 38. 1 38.3 38.5 37.5 35. 1 37.2 36.9 ATS/NOW accounts2 Savings deposits 3 other banks 317.5 314.9 308.8 316.0 315.1 312.3 319.2 317. 1 316.0 322. 1 317.0 314.6 320. 5 315.6 179.4 179. 1 178.3 180.4 182.9 183.9 185.6 187.2 188. 2 189.9 190. 1 190. 5 190.7 191.4 175. 1 174.1 175.0 175.9 178.2 181.0 182.4 183.9 185.9 187.4 187.9 187.5 1 86. J 188.1 Annual Rate of Deposit Turnover Demand deposits1 all banks 19 8 7 - 0 C I O B E H -NOVEMBER -DECEMBER 1988-JANUAHY -FEBRUARY -MARCH -APRIL -MAY -JUNE -JULY -AUGUST -SEPTEMBER -OCTOBER -NOVEMBER 1/ 2/ 3/ 654.9 619.0 590.4 602.5 628.2 628. 8 600.2 630.9 649.8 622.7 645.8 651.0 659.7 676. 6 New York City 2,744.7 2,620.2 2,608. 1 2,600.3 2,844.8 2,811.0 2,700.6 2,881.3 2,911.0 2,789.6 2,939.3 3,102.4 3,086.1 3,034.6 ATS/NOW accounts^ Savings deposits 3 other banks 389.1 367.4 358.3 362.5 369.7 377.3 354.9 360.6 376.0 3 63.8 374.6 377.9 377.9 400.6 14. 4 14. 2 14.2 13.0 14.9 15.5 13.8 14.2 14.8 13.5 15.6 15. 1 14.8 15. 1 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 O 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 OBDERS OF WITHDRAWAL (NOW) AND ACCOUNTS A U T H O R I Z E D FOR AUTOMATIC TRANSFER 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 . EXCLUDES 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 f i l S T M A S AND VACATION 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 PABT FROM D E B I T S S E R I E S FOB 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 ATS/NOW 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 ABE A V A I L A B L E ON REQUEST FROM BANKING AND MONEY 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 GOVERNORS OF T H E FEDERAL R E S E R V E S Y S T E M , WASHINGTON, D . C . 2 0 5 5 1 . 3.3 3.3 3.2 3.0 3.3 3.5 3.0 3. 1 3.2 2.9 3.2 3. 1 2.8 3.1