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FEDERAL RESERVE statistical release 0^ G o v , [f[ G.6 For Immediate R e l e a s e DEBITS AND DEPOSIT TURNOVER AT COMMERCIAL B A N K S Seasonally Adjusted November 4« 1988 Debits During the Month (Annual rate, billions of dollars) To demand d e p o s i t s 1 all banks 1987-JULY -AUGUST -SEPTEMBER -OCTOBER -NOVEMBER -DECEMBER 1988—JANUARY -FEBRUARY -MARCH -APRIL -HAY - J UNE -JULY -AUGUST 219,501.3 221,729.0 219,182.9 234,398.3 219,386.1 203,290.6 213,270.8 221,057.3 218,986.7 213,971.5 224,052.3 230,198.8 224,512.7 228,898.2 New York City 106,428.9 109,062.5 105,149.4 110,833.6 103,693.6 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 To A T S / N O W a c c o u n t s 2 To s a v i n g s d e p o s i t s 3 other banks 113,072.3 1 12,666.5 114,033.4 123,564.6 1 15,692.5 1 10,650.5 114,537.0 116,489.0 1 17,825.7 113,276.4 1 14,337.6 1 18,796.6 117,176.0 1 18,748.2 2,498.7 2,333.1 2,349.0 2,591.3 2,336.1 2,525.7 2,352.7 2,730.3 2,856.8 2,557.9 2,664. 9 2,786.0 2,570.4 2,963.6 548.2 518.8 524.0 582.4 570.8 556.0 534.9 596.0 640.7 543.7 574.7 597.1 538.3 609.6 Average Deposits Outstanding (Billions of dollars) ATS/NOW accounts2 Demand d e p o s i t s 1 all banks 1987-JULY -AUGUST -SEPTEMBER -OCTOBER -NOVEMBER -DECEMBER 1 9 8 8 - J ANUARY -FEBRUARY -MARCH -APRIL -MAY -JUNE -JULY -AUGUST 349.2 355.7 350.5 357.9 354.4 344.3 354.0 351.9 348.2 356.5 355.2 354.2 360.5 354.5 N e w York City 37.5 40. 1 38.7 40.4 39.6 35.5 38.0 36.8 36.0 37.3 38. 1 38.3 38.5 37.5 Savings d e p o s i t s 3 other banks 311.7 315.6 311.8 317.5 314.9 308.8 316.0 315. 1 312.3 319.2 317. 1 316.0 322.1 317.0 174. 1 176.8 177.9 179.4 179. 1 178.3 180. 4 182-9 183.9 185.6 187.2 188.2 189.9 190. 1 174.9 175.7 176.1 175. 1 174.1 175.0 175.9 178.2 181.0 182.4 183.9 185.9 187.4 187.9 Annual Rate of Deposit Turnover Demand d e p o s i t s 1 all banks 1987-JULY -AUGUST -SEPTEMBER -OCTOBER -NOVEMBER -DECEMBER 1988—JANUARY -FEBRUARY -MARCH -APRIL -MAY -JUNE -JULY -AUGUST 1/ 2/ 3/ 628.6 623.3 625.3 654.9 619.0 590.4 602.5 628.2 628.8 600.2 630.9 649.8 622.7 645.8 N e w York City 2,837.4 2,718.2 2,715.1 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 ATS/NOW accounts2 Savings d e p o s i t s 3 other banks 362.8 357.0 365.7 3 89. 1 367.4 358.3 362.5 369.7 377.3 354.9 360.6 376.0 363.8 374.6 14.3 13.2 13.2 14.4 14.2 14.2 13.0 14.9 15.5 13.8 14.2 14.8 13.5 15.6 REPRESENTS ACCOUNTS OF I N D I V I D U A L S , PARTNERSHIPS, AND CORPORATIONS AND OF STATES AMD P O L I T I C A L SUBDIVISIONS. ACCOUNTS AUTHORIZED FOB NEGOTIABLE ORDERS OF 8ITHDRA8AL (NOW) AND ACCOUNTS AUTHORIZED FOR AUTOMATIC TRANSFER TO DEMAND D E P O S I T S ( A T S ) . ATS DATA AVAILABILITY STARTS WITH DECEMBER 1 9 7 8 . EXCLUDES ATS AND NOW ACCOUNTS, HMDA, AMD S P E C I A L CLUB ACCOUNTS SUCH AS CHRISTMAS AND VACATION CLUBS. MOTES HISTORICAL DATA FOR DEMAND D E P O S I T S ARB AVAILABLE BACK TO 1 9 7 0 ESTIMATED I N PART FROM DEBITS S E R I E S FOR 2 3 3 S M S A ' S WHICH WERE AVAILABLE THROUGH JUNE 1 9 7 7 . HISTORICAL DATA FOR ATS/NOW AND SAVINGS D E P O S I T S ARB AVAILABLE BACK TO JULY 1 9 7 7 . BACK DATA ARE AVAILABLE 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 THE FEDERAL RESLRVE SYSTEM, WASHINGTON, D . C . 2 0 5 5 1 . FRASER Digitized for 3.1 3.0 3.0 3.3 3.3 3.2 3.0 3.3 3.5 3.0 3.1 3.2 2.9 3.2 FEDERAL RESERVE statistical release ml G.6 For I m m e d i a t e R e l e a s e DEBITS AND DEPOSIT TURNOVER AT COMMERCIAL B A N K S Not S e a s o n a l l y A d j u s t e d November 4» 1988 D e b i t s During t h e M o n t h (Annual rate, billions of d o l l a r s ) To A T S / N O W accounts 2 To demand deposits 1 N e w York City all b a n k s 1987-JULY -AUGUST -SEPTEMBER -OCTOBER -NOVEMBER -DECEMBER 1988-JANUARY -FEBRUARY -HARCS -APRIL -MAY -JUKE -JULY -AUGUST 117,606.5 110,323.1 112,494.0 122,600.8 106,194.2 119,790.3 112,189.0 110,792.7 123,728.8 113,706.9 116,349.9 123,845.5 113,789.6 124,804.4 111,157.7 103,822.8 104,234.0 111,398.9 96,035.9 102,548.7 97,840.1 98,106.5 109,557.8 101,141.9 106,335.6 117,287.7 103,561.2 112,654.6 228,764.2 214,145.9 216.728.0 233.999.8 202.230.1 222.338.9 210.029.1 208.899.2 233.286.6 214,848.8 222,685.5 241,133.2 217.350.7 237,459.0 To M M D A 3 To s a v i n g s d e p o s i t s * other banks 2,466.0 2,226.4 2,414.9 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 2,828.0 2,002.7 1.752.7 1,846.6 2.247.8 1,959.8 2.276.4 2,305.6 2,102.8 2.337.5 2,372.8 2.341.0 2.557.1 2,399.0 2,530.0 576.5 524.2 519.0 604.3 519.9 568.9 552.5 526.3 616.5 603.2 566.4 598.3 566.2 615.9 A v e r a g e D e p o s i t s O u t s t a n d i n g (Billions of dollars) ATS/NOW accounts2 Demand deposits 1 N e w York City all b a n k s 1987-JULI -AUGUST -SEPTEMBER -OCTOBER -NOVEMBER -DECEMBER 1988-JANUARY -FEBRUARY -MARCH -APRIL -MAY -JUNE -JULY -AUGUST 313.1 311.5 311.6 316.3 318.7 323.0 322.7 305.4 304.5 319.6 312.0 317.3 323.4 312.9 38.0 38.1 37.9 39.4 38.9 38.5 40.3 36.8 36.5 37.4 36.7 37.6 38.9 35.5 351.0 349.7 349.5 355.7 357.6 361.5 362.9 342.2 340.9 357.0 348.7 354.8 362.3 348.4 MMDA3 Savings deposits4 other banks 172.9 174.4 176.2 176.8 178.2 180.7 184.6 182.4 184.2 191.1 185.0 187.5 188.6 187.5 363.6 362.1 360.3 357.0 355.5 355.7 356.3 3 56.5 357.8 357.1 354.7 357.3 356.9 3*53 . 4 175.6 175.1 174.5 174.6 175.7 175.6 176.3 177.2 180.3 182.6 184.3 186.6 188.0 187.2 Annual R a t e of D e p o s i t T u r n o v e r ATS/NOW accounts2 Demand deposits1 N e w York City all b a n k s 19 8 7 - J U L Y -AUGUST -SEPTEMBER -OCTOBER -NOVEMBER -DECEMBER 1988-JANUARY -FEBRUARY -MARCH -APRIL -MAY -JUNE -JULY -AUGUST 14.3 12.8 13.7 14.6 13.3 14.6 13.9 13.5 15.3 14.4 14.1 15.2 13.4 15.1 V REPRESENTS ACCOUNTS OF I N D I V I D U A L S , 2/ A C C O U N T S ^ A U T H O R I Z E D FOR N E G O T I A B L E ORDERS OF SITHD&AHAL (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 H I T H DECEMBER 1 9 7 8 . 4/ EXCLUDES A T S ASD NO# ACCOUNTS, PARTNERSHIPS, MMDA, 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 S Y S T E M , WASHINGTON, FEDERAL R E S E R V E AND S P E C I A L 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 CLUB ACCOUNTS SUCH AS C H R I S T M A S AND VACATION C L U B S . OF MONETARY A F F A I R S , D.C. 20551. Savings deposits4 other b a n k s 375.7 354.2 361.1 387.6 333.3 370.9 347.7 362.8 406.4 355.7 372.9 390.3 351.9 398.9 2,928.4 2,721.9 2,751.0 2,824.8 2,467.8 2,661.4 2.430.3 2.664.6 3.005.7 2.706.2 2.895.6 3.121.4 2.660.7 3.170.3 651.7 612.5 620.2 657.8 565.6 615.0 578.7 610.5 684.3 601.8 638.6 679.5 599.9 681.6 MMDA3 BOARD OF GOVERNORS OF THE 5.5 4.8 5.1 6.3 5.5 6.4 6.5 5.9 6.5 6.6 6.6 7.2 6.7 7.2 3.3 3.0 3.0 3.5 3.0 3.2 3.1 3.0 3.4 3.3 3. 1 3.2 3.0 3.3