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FEDERAL RESERVE statistical release

6.6 Data Revised

The bank debits and deposit turnover series have been revised to
reflect new benchmark adjustments and revised seasonal factors as well
as some revisions of reported data.

The revisions affect the not

seasonally adjusted data beginning in 1982, except in the case of
savings deposits which have been revised back to March 1979.

Seasonal

factor revisions affect the seasonally adjusted series over the entire
span of the series—from 1970 to date for the demand deposit series, and
from July 1977 to date for the ATS/NOW and savings deposits series.

The

MMDA series, which dates back only to 1983, continues to be reported
only on a not seasonally adjusted basis.

Seasonal factors were

computed by the X-ll ARIMA method with business-day adjustments
incorporated in seasonal adjustments for the debits to demand deposits
series.
This issue of the G.6 release provides revised data for the latest
available 13 months through August 1987.

Historical tables containing

revised data for earlier periods may be obtained from the Banking
Section, Division of Monetary Affairs, Board of Governors of the Federal
Reserve System, Washington, D.C.




20551

FEDERAL RESERVE statistical release

[[[

For Immediate Release

G.6

DEBITS AND DEPOSIT TURNOVER AT COMMERCIAL BANKS

November 20, 1987

Seasonally Adjusted
Debits During the Month (Annual rate, billions of dollars)
To ATS/NOW accounts 2

To demand deposits 1
New York City

all banks
1986-JUL!
-AUGUST
-SEPTEMBER
-OCTOBER
-NOVEMBER
-DECEMBER
1987-JANUARY
-FEBRUARY
-MARCH
-APRIL
-MAY
-JUNE
-JULY
-AUGUST

188,220.0
191,601.8
199,050.9
196,239.0
198,540.8
207,506.6
211,111.3
211,935.6
217,250.4
217,797.2
217,397.2
212,414.4
219,501.3
221,729.0

92,263.4
93,059.4
98,505.0
94,306.6
95,571.1
100,381.5
101,956.5
102,145.1
106,108.1
105,186.5
107,724.1
103,027.6
106,428.9
109,062.5

other banks
95,956.6
98,542.4
100,545.9
101,932.4
102,969.7
107,125.1
109,154.8
109,790.5
111,142.3
112,610.7
109,673.1
109,3-86.8
113,072.3
112,666.5

New York City

1986-JULY
-AUGUST
-SEPTEMBER
-OCTOBER
-NOVEMBER
-DECEMBER
1987—J AJIUARI
-FEBRUARY
-MARCH
-APRIL
-MAY
-JUNE
-JULY
-AUGUST

340.0
345.4
345.1
347.3
352.3
355.5
360.9
355.2
352-9
358.8
363.3
353.1
349.2
355.7

2,155.5
2,119.8
2,253.0
2,167.4
2,285.4
2,512.8
2,313.9
2,274.1
2,297.9
2,384.2
2,310.5
2,417.b
2,498.7
2,333.1

ATS/NOW accounts 2

Demand deposits 1
all banks

To savings deposits 3

395.8
403.9
409.9
440.1
421.9
501.5
475.1
482.1
498.4
5Q8.1
488.5
565.8
548.2
518.8

Savings deposits 3

other banks
303.6
306.8
307.2
309.4
313. 1
315.6
319.7
315.7
314.6
319.4
322.3
314.5
311.7
315.6

36.4
38.6
37.9
38.0
39.2
39.9
41.1
39.5
38.4
39.4
41.0
38.6
37.5
40. 1

141. 1
143.6
147.7
152. 1
155.7

161.0

165.7
167.8
169.9
173. 1
173.4
173.3
174. 1
176.8

131.6
134.6
138.3
143.3
148.2

152.0
157.4

161.8

165.7
169.7
171.9
173.2
174.9
175.7

Annual Rate of Deposit Turnover
ATS/NOW accounts 2

Demand deposits
New York City

all banks

19 86-JOLY
-AUGUST
-SEPTEMBER
-OCTOBER
-NOVEMBER
-DECEMBER
19 87—JANUARY
-FEBRUARY
-MARCH
-APRIL
-MAY
-JUNE
-JULY
-AUGUSX

553.5
554.8
576.9
565.0
563.5
583.7
585.0
596.7
615.5
607.0
598.5

601.6
628.6
623.3

2.534.8
2.411.3

2,600.0
2.482.9
2.436.4
2,515.7
2,477.9
2,587.3
2,766.7
2.670.3
2.629.5
2.671.6
2.837.4
2,718.2

other banks

316.0
331.2
327.3
329.5
328.8
339.4
341.4
347.8
353.3
352.6
340.3
347.8
362.8
357.0

15.3
14.8
15.3
14.2
14.7
15.6
14.0
13.6
13.5
13.8
13.3
13.9
14.3
13.2

1/

REPRESENTS ACCOUNTS OF INDIVIDUALS, PARTNERSHIPS, AND CORPORATIONS AND OF STATES AND POLITICAL

2/

ACCOUNTS AUTHORIZED FOR NEGOTIABLE ORDERS OF WITHDRAWAL (NOW) AND ACCOUNTS AUTHORIZED FOR AUTOMATIC
TRANSFER TO DEMAND DEPOSITS {ATS). ATS DATA AVAILABILITY STARTS «ITH DECEMBER 1978.
EXCLUDES ATS AND NOW ACCOUNTS, MMDA, AND SPECIAL CLUB ACCOUNTS SOCH AS CHRISTMAS AND VACATION CLUBS.

3/

NOTL: HISTORICAL DATA FOR DEMAND DhPOSlIS A8E AVAILABLE BACK TO 1970 ESTIMATED IN PART FROM DEBITS
SERIES FOR 233 SMSA'S WHICH WERE AVAILABLE THROUGH JUNE 1977. HISTORICAL DATA FOR ATS/NO* AND
SAVINGS DEPOSITS ARE AVAILABLE BACK TO JULY 19 77. BACK DATA ARE AVAILABLE O* BEQUEST FROM BANKING
SECTION, DIVISION OF RESEARCH AND STATISTICS, BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM,
WASHINGTON, D.C. 20551.




Savings deposits 3

3.0.
3.0
3.0
3.1
2.8
3.3
3.0
3.0
3.0
3.0
2.8
3.3
3.1
3.0

FEDERAL RESERVE statistical release
For Immediate Release
G.6

DEBITS AND DEPOSIT TURNOVER AT COMMERCIAL BANKS
Not Seasonally Adjusted

November 20, 1987

Debits During the Month (Annual rate, billions of dollars)
To A T S / N O W
accounts 2

To demand deposits 1
all banks
19 86-JULY
-AUGUST
-SEPTEMBER
-OCTOBER
-NOVEMBER
-DECEMBER
1987-JANUARY
-FEBRUARY
-MARCH
-APRIL
-MAY
-JURE
-JULY
-AUGUST

196,576.9
184,876.6
196,124.9
203,440.9
176,741.0

226,016.2

215,988.0
191.589.8
222,225* 4
228,142.b
208,310.0
221,038.4
228,764.2
214.145.9

other banks

New York City
9b,o86.1

88.807.6
96.363.2
98,837.9
85.649.7
109,528.4
105.032.1
92.251.3
108,971.4
111,399.0
101.203.2
106.171.3

111.157.7
103.822.8

99,890.8
96,069.0
99,761.7
104.603.0
90.891.3
116.487.8
110.955.9
99.338.4
113.254.1
116,743.5
107,106.7
114.867.0
117,606.5
110.323.1

1986-JULY
-AUGUST
-SEPTEMBER
-OCTOBER
-NOVEMBER
-DECEMBER
1967-JANUARY
-FEBRUARY
-MARCH
-APRIL
-MAY
-JUNE
-JUL*
-AUGUST

342. 1
339.4
344.0
345.6
355.5
373.0
370. 1
345.4
345.5
359.4
356.7
353.6
351.0
349.7

New York City
36.9
36.7
37.1
37.2
38.6
43. 1
43.6
39.5
38.7
39.4
39.6
37.9
36.0
38.1

1,580.1
1.514.6
1.590.1
1.613.7
1.461.2
2.107.3
1,915.7
1.634.0

2,130.1

2,026.0
2,305.6
2,155.8
2,140.5
2,619.0
2,524.5
2,063.5
2.269.8
2,564.0
2.262.9
2,466.9
2,466.0
2,226.4

Average Deposits Outstanding (Billions of dollars)
ATS/NOW
Demand deposits 1
accounts 2
all banks

To savings deposits*

To MMDA3

1.800.1

2,175.9
1,851.2
1,987.9
2,002.7
1,752.7

414.2
409.4
405. 5
455.5
385.7
511.3
490. 1
428.Q
479. 1
563.3
483.7
565.2
576.5
524.2

Savings deposits 4

MMDA3

other banks
305.2
3 02.7
306.9
308.4
316.9
329.9
326.5
306.0
306.8
319.9
317.1
315.7
313.1
311.5

356.5
361.1
365.6
369.2
372.6
376.8
379.4
376.1
37*.1
373.0
366.5
365.3
3*3.6
362.1

140.0
141.6
146.1
149.9
154.9
163.0
169.5
167.4
170.4
178.3
171.4
172.7
172.9
174.4

132.3
134.2
137.1
142.9
149.5
152.6
157.7
160.9
165.0
169.7
172.3
113.8
175.6
175.1

Annual Rate of Deposit Turnover
ATS/NOW
accounts 2

Demand deposits 1
all banks
19 86-JULY
-AUGUST
-SEPTEMBER
-OCTOBER
-NOVEMBER
-DECEMBER
1987—JANUARY
-FEBRUARY
-MARCH
-APRIL
-MAY
-JUNE
-JULY
-AUGUST

574.6
544.7
570.2
588.7
497.1

606.0
583.5
554.7
6413.2
634.8
584.0
625.0
651.7
612.5

New York City

2,620.6
2,421.9
2,600.2
2,656.9
2,225.4
2.543.6
2.408.7
2.337.4
2,613.0
2.625.8
2.556.9
2.801.5
2,928.4
2,721.9

other banks
327.3
317.3
325.1
339.2
286.8
353.1
339.8
324.7
369.2
364.9
337.8
363.8
375.7
354.2

15.2
14.3
15.8
14.4
13.8
16.1
14.9
12.3
13.3
14.4
13.2
14.3
14.3
12.8

1/

REPRESENTS ACCOUNTS OF INDIVIDUALS, PARTNERSHIPS, AND C O R P O R A T I O N AND OF STATES AND POLITICAL

2/

ACCOUNTS AUTHORIZED FOR NEGOTIABLE ORDERS OF MITHDRAHAL (*08) AND ACCOUNTS AUTHORIZED FOR AUTOMATIC
TRANSFER TO DEMAND DEPOSITS (ATS). ATS DATA AVAILABILITY STARTS 8ITH DECEMBER 1978.

3/
4/

EXCLUDES*!?! ASD°N01 ACCOUNTS^ MMDA, AND SPECIAL CLUB ACCOUNTS SUCH AS CHRISTMAS AND VACATION CLUBS.

SECTION, DIVISION OF RESEARCH AND STATISTICS; BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM,
WASHINGTON, D.C. 20551-




Savings deposits 4

MMDA3

4.4

4.2
4.3

4.4

3.9
5.6
5.0
4.3
4.8
5.8
5.1
5.4
5.5
4.8

3.1
3.1
3.0
3.2

2.6
3.4
3.1
2.7
2.9
3.3

2.8
3.3
3.3
3.0