BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) January 16, 1961 BANK DEBITS TO DEMAND DEPOSIT ACCOUNTS EXCEPT INTERBANK AND U. S. GOVERNMENT ACCOUNTS Bank debits to demand deposit accounts, except interbank and U. S. Government accounts, as reported by banks in 344 leading centers for the month of December aggregated $257 billion. During the past three months debits amounted to $725 billion or 2.4 per cent above the total reported for the corresponding period a year ago. At banks in New York City there was an increase of 2.1 per cent compared with the corresponding three-months period a year ago; at 6 other centers the increase was 4.1 per cent; and at 337 other centers it was 1.8 per cent. Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco SUMMARY BY FEDERAL RESERVE DISTRICTS (In millions of dollars) Federal Reserve District December i960 December 1959 Total, 344 reporting centers New York City 6 other centers* 337 other centers 9,708 107,781 10,148 16,276 9,407 10,907 36,599 6,611 4,346 9,608 10,862 24,769 257,022 101,551 52,31? 103,158 10.096 ill,451 10,600 17,252 9,599 11,094 35,839 6,675 4,281 9,437 10,701 24.097 261,121 104,976 51,763 io4,382 Three months ended December I960 December 1959 28,346 300,625 28,955 45,400 27,648 31,186 103,613 19,222 12,919 27,469 29,474 70,478 725,335 282,476 147,457 295,402 28,097 294,686 29,233 45,125 27,244 30,814 99,031 18,932 12,254 26,529 29,163 67,397 708,505 276,768 l4l,657 290,080 Adjusted for seasonal variation December i960 November i960 December 1959 New York City 6 other centers* 337 other centers,88,381 E/47,871 2/94,794 98,791 49,017 98,366 89,244 46,278 93,696 New York City 6 other centers* 337 other centers ANNUAL RATE OF TURNOVER OF DEMAND DEPOSITS EXCEPT INTERBANK AND U. S. GOVERNMENT DEPOSITS Without seasonal adjustment Dec. Nov. Dec. i960 i960,64.4 61.3 34.9 26.2 <8 Adjusted for seasonal variation Nov. i960 * Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles. %/ Preliminary. 63.5 35.8 26.2 Dec. 1959 60.1 33-2 24.9
BAM DEBITS - December i960 December i960 December 1959 Three months ended December 1960 1 December 1959 DISTRICT NO. 1 - BOSTON Connecticut: Hartford New Haven New London Waterbury 1,347,697 448,256 91,319 137,282 1,326,395 460,366 90,530 153,753 3,857,714 1,321,963 267,616 422, 277 3,645,600 1,320,392 258,457 422,155 Maine: Bangor Lewi s ton-auburn Portland 90,703 53,578 181,425 83,888 55,828 179,767 259,696 159,886 538,278 252,449 162,823 502,764 Massachusetts: Boston Brockton Fall River Holyoke Lawrence Lowell Lynn New Bedford Pittsfield Springfield Worcester 5,167,134 92,358 73,827 62,340 74,991 93,821 75,107 83,314 64,402 341,709 303,549 5,501,720 87,397 76,179 69,148 71,139 92,126 82,300 87,067 66,633 340,430 311,310 15,160, 518 290,968 228,262 190,019 231,082 250,929 247,410 252,914 197,842 1,012,138 867,095 15,195,954 259,451 226,329 202,356 215, 320 267,821 253,046 254,822 198,660 1,029,946 837,326 New Hampshire: Concord Manchester 42,159 114,864 42,260 114,375 116,843 312,780 113,778 305,137 Rhode Island: Providence 713,223 746,438 1,989,057 2,001,519 Vermont: Burlington 55,425 57,149 170,727 170,953 DISTRICT NO. 2 - NEW YORK Connecticut: Bridgeport Stamford 296,709 153,778 309,377 155,748 866,057 448,313 856,801 434,079 New Jersey: Elizabeth Jersey City r/ Monte lair Newark Paterson-Passaic 220,811 678,047 63,096 1,580,768 500,716 244,675 668,392 80,097 1,616,835 551,645 697,613 1,822,940 187,863 4,482,423 1,511,067 705,039 1,790,241 222,653 4,295,797 l, 559,996 New York: Binghamton Buffalo E3.m1.ra Jamestown New York Poughkeepsie Rochester Schenectady Syracuse Utica 99,998 982,964 72,040 49,692 101,551,242 96, 582 750,392 106,165 421,086 157,277 99,661 1,042,959 75,677 52,824 104,975,650 97,575 772,686 114,967 426,918 165,274 293,957 2,967,068 207,872 145,832 282,476,300 292,280 2,193,386 313,475 1,263,107 455,570 279,344 2,937,090 205,378 151,474 276,768,106 276,494 2,163,619 316,657 1,263,729 459,071 TJ Revised figure: Jersey City, New Jersey: November i960, 585,28k.
December i960 December 1959 DISTRICT NO. 3 - PHILADELPHIA BANK DEBITS - December i960 Three months ended December I960 1 December 1959 Delaware: New Jersey: Pennsylvania: Wilmington Atlantic City Camden Trenton Allentown Altoona Bethlehem Chester Harrisburg Hazleton Johnstown Lancaster Lebanon Norristown Philadelphia Reading Scranton Wilkes-Barre Williamsport York 1,058,287 98,767 3U0,1U9 428,203 150,790 48,745 115,970 98,281 22k,ill 37,232 69,663 118,864 34,830 84,157 6,632,228 179,969 139,650 120,005 45,628 122,015 995,846 105,958 3M,353 417,997 158,417 51,833 65,076 101,624 237,671 39,181 69,797 131,186 34,836 82,504 7,133,772 183,488 145,923 114,066 47,595 142,061 2,724,735 298,923 1,011,551 1, 210,682 451,854 145,474 241, 405 297,646 669,422 108,723 214,457 362,972 103,784 253,498 19,081,392 536,850 409,136 340,748 131,766 360,308 2,475,208 296,602 956,475 1,228,706 458,535 153,028 182,213 286,365 658,717 117,220 199,535 382,753 98,256 242,535 19,725,079 503,272 413,605 362,345 133,243 399,691 DISTRICT NO. 4 - CLEVELAND Kentucky: Covington-Newport Lexington 77,527 241,769 72,244 248,779 224,207 543,304 214,695 531,560 Ohio: Pennsylvania: Akron Canton Cincinnati Cleveland Columbus Dayton Hamilton Lima Lorain Mansfield Middletown Portsmouth Springfield Steubenville Toledo Warren Youngs town Zanesville Butler Erie Franklin Greensburg Oil City Pittsburgh Sharon 579,793 191,849 1,867,116 3,938,160 1,165,403 532,715 80,910 75,400 53,151 81,944 66,023 33,291 85,426 41,500 757,876 87,071 265,44l 41,555 57.038 156,675 9,789 38,506 29,769 5,587,941 46.039 618,305 207,695 1,947,202 4,277,088 1,181,702 554,227 92.072 72,180 47,899 98,214 76.073 34,503 76,254 45,116 742,270 90,790 269,732 44,931 64,350 172,769 11,857 36,408 27,568 5,998,553 51,187 1,756,642 590,703 5,335,141 11,445,905 3,368,649 1,586,749 235,383 219,952 153,001 258,413 193,672 96,888 243,817 116,823 2,249,490 257,901 773,642 119,746 174,253 463,073 32,506 113,089 85,772 14,364,823 135,765 1,803,992 583,622 5,461,186 11,527,020 3,324,720 1,562,856 249,049 210,112 135,231 268,508 209,455 98,561 224,179 120,016 2,083,232 248,447 723,927 135,660 186,4ll 489,491 34,806 104,837 79,499 14,124,587 130,182 West Virginia: Wheeling 86,487 91,606 260,838 258,950-3 -
BANK DEBITS - December i960 District of Columbia: Maryland: North Carolina: South Carolina: Virginia: West Virginia: Alabama: Florida: Georgia: Louisiana: Mississippi: Tennessee: Washington 2,116,989 Baltimore 2,109,836 Cumberland 35,441 Frederick 36,696 Hagerstown 50,025 Asheville 103,309 Charlotte 596,707 Durham 115,070 Greensboro 279,921 Kinston 29,854 Raleigh 364,857 Wilmington 51,831 Wilson 35,553 Winston-Salem 322,052 Charleston 135,764 Columbia 269,494 Greenville 208,870 Spartanburg 101,365 Charlottesville 53,307 Danville 57,749 Lynchburg 80,431 Newport News 86,959 Norfolk 401,853 Portsmouth 51,192 Richmond 1,038,015 Roanoke 210,694 Bluefield 49,244 Charleston 210,681 Clarksburg 55,526 Huntington 103,916 Parkersburg 44,173 Anniston Birmingham Dothan Gadsden Mobile Montgomery Jacksonville Miami Orlando Pensacola St. Petersburg Tampa Albany Atlanta Augusta Brunswick Columbus Elberton Macon Newnan Savannah Valdosta Baton Rouge Lake Charles New Orleans Hattiesburg Jackson Meridian Vicksburg Chattanooga Khoxville Nashville December i960 December 1959 Three months ended December I960 I December 1959* D] [STRICT NO. 5 - DISTRICT NO. 6-45,384 853,713 38,668 37,322 326,232 175,772 893,634 996,526 259,115 93,805 218,201 458,598 58,660 2,184,438 120,743 27,875 115,392 9,623 124,858 26,913 194,060 34,968 276,174 83,709 1,453,053 39,688 329,916 44,590 22,051 337,025 279,810 746,225 2; 172, 809 2,245,694 35,294 35,180 51, 248 102,233 624,702 117,604 287,723 25,315 306,670 62,779 30,221 301,304 l4l, 449 250,526 226,797 98,714 54,363 62,015 77,912 89,967 397,829 50,651 1,073,541 219,869 51,271 210,128 45,701 103,300 45,900 ATLANTA 44,515 858,255 35,440 37,587 321,214 178,023 891,730 972,013 286,695 96,061 251,849 474,924 54,959 2,267,326 126,291 31,177 115,540 10,112 131,571 21,582 224,963 37,398 288,176 90,224 1,444,636 37,186 321,625 45,966 22,498 353,038 268,468 752,913 6,009,862 6,207,715 105,479 105,102 147,703 296,449 1,795,084 379,234 801,676 116,983 1,124,395 161,292 147,694 879,873 394,610 792,821 623,628 293,376 158,616 230,153 230,967 249,709 1,203,391 150, 420 3,095,592 604,774 137,101 625,270 140,963 307,899 129,913 129,364 2,519,670 113,297 ill, 323 925,015 526,021 2,463,285 2,695,073 722,518 262,615 624,697 1,276,687 165,387 6,4o6,8l4 344,833 76,092 329,296 29,713 367,221 64,362 557,181 105,015 785,588 234,648 4,076,514 113,217 994,829 136,804 66,230 968,665 763,132 2,230,732 6,038,539 6,264,125 102,787 99,640 147,463 277,466 1,793,755 362,507 824,863 96,133 945,439 182,539 126,133 850,564 385,943 737,527 634,391 279,238 155,617 215,585 223,593 249,494 1,113,612 l4l, 072 3,078,119 590,645 140,337 621,086 137,856 296,318 131,385 128,880 2,347,608 102,194 106,910 886,427 515,203 2,433,850 2,700,310 768,251 264,467 693,218 1,269,922 162,375 6,247,083 338,532 81,930 322,950 29,047 375,170 60,715 606,184 103,614 817,796 254,045 4,003,147 108,697 921,113 135,540 64,64i 979,059 739,283 2,245,993-4 -
BANK DEBITS - December I960 December i960 December 1959 Three months ended December I960 I December 1959 DISTRICT NO. 7 - CHICAGO Illinois: Indiana: Iowa: Michigan: Wisconsin: Aurora Bloomington Champaign-Urbana Chicago Danville Decatur Elgin Joliet Moline-East Moltue- Rock Island Peoria Rockford Springfield Port Wayne Gary Hammond Indianapolis Lafayette Muncie South Bend Terre Haute Burlington Cedar Rapids Clinton Davenport Des Moines Dubuque Mason City Muscatine Ottunwa Sioux City Waterloo Adrian Battle Creek Bay City Detroit Flint Grand Rapids Jackson Kalamazoo Lansing Muskegon Port Huron Saginaw Green Bay Kenosha Madison Manitowoc Milwaukee Oshkosh Racine Sheboygan 87,711 76,951 83,408 19,497,803 53,229 123,163 57,568 94,093 133,573 235,277 218,351 134,674 290,707 150,731 91,459 1,314,034 92,493 95,577 237,925 98,953 43,655 163,139 32,849 132,568 577,869 84,050 54,640 20,324 43,297 215,287 113,712 30,053 87,180 66,645 7,490,362 219,417 388,487 103,338 186,555 191,532 103,426 50,728 154,368 101,042 77,157 225,405 38,298 2,193,704 43,972 115,498 82,388 86,072 78,867 82,573 18,871,126 51,615 124,452 53,067 98,376 128,005 254,171 220,104 145,057 309,519 143,650 95,292 1, 280,024 94,048 94,038 243,079 105,146 43,069 152,816 30,979 132,163 592,495 78,242 49,485 20,112 39,968 214,280 110,705 30,996 87,334 63,648 7,433,592 200,608 398,599 113,186 197,436 163,327 104,575 41,879 142,653 103,150 81,262 217,952 40,486 2,147,114 47,680 119,098 81,964 254,865 242,929 272,588 54,520,825 160,726 386,901 161,281 274,478 383,645 689,008 630,912 4io, 574 887,568 462,156 272,908 3,938,755 288,852 289,024 672,648 287,660 124,243 472,324 92,390 393,872 1,724,061 24o, 504 161,164 59,498 126,215 631,442 339,972 88,4io 248,475 196,251 21,343,135 624,169 1,154,886 312,653 532,781 530,0l4 304,873 147,255 442,722 295,735 220, 381 638,352 109,224 5,883,982 126,470 325,886 233,836 249,217 221,536 260,659 51,333, 570 153,768 388, 590 153,106 279,427 378,326 716,780 633,695 419,570 896,590 391,562 264,883 3,819,122 268,191 271,453 669,908 289,975 120,898 450,141 91,927 391,485 1,757,454 232,194 150,827 59,195 120,770 634,729 325,440 92,349 252,308 187,224 20, 522,662 582,588 1,131,577 330,700 546,248 490,064 292,351 129,913 413,587 294,791 218,019 605,749 108,789 5,748,625 134,591 324,035 230,313-5-
BANK DEBITS - December 1Q60 December i960 J December 1959 DISTRICT NO. 8 - ST. LOUIS Three months ended December I960 1December 1959 Arkansas: Illinois: El Dorado Fort Smith Helena Little Rock Pine Bluff Texarkana (Also see Texas, p. 8) Alton E. St. Louis & Nat'l. Stock Yards Quincy 35,016 65,769 20, ii4 2*8,072 73,9ii 27,965 46,682 156,554 52,071 41,851 66,245 16,049 271,413 78,191 26,807 50,029 159,986 54,159 97,196 197,872 48,456 762,074 243,867 87,629 134,002 443,426 159,200 101,944 193,4l6 60,273 772,251 254,998 81,320 139,553 446,654 163,754 Indiana: Evansville 191,138 183,850 564,64l 532,242 Kentucky: Louisville Owensboro Paducah l, 064,856 68,620 44,252 1,044,918 66,244 42,234 2,905,392 182,644 123,774 2,927,471 183,711 117,253 Mississippi: Greenville 39,458 42,998 131,619 137,436 Missouri: Tennessee: Cape Girardeau Hannibal Jefferson City St. Louis Sedalia Springfield Jackson Memphis 23,543 14,965 109,727 3,038,845 22,669 115,449 36,043 1,115,243 22,824 14,473 102,282 3,036,6o4 21,277 118,609 35,775 1,178,079 68,885 42,839 374,996 8,603,286 62,720 353,872 122,115 3,511,069 68,385 41,908 375,027 8,317,368 59,366 358,237 118,756 3,480,463 DISTRICT NO. 9 - MINNEAPOLIS Minnesota: Duluth Mankato Minneapolis Red Wing Rochester St. Cloud St. Paul South St. Paul Winona 154,396 42,495 2,244,313 8,681 68,033 32,370 862,852 97,110 25,615 168,424 42,151 2,136,966 9,019 60,038 30,561 908,298 92,830 26,225 506,791 126,923 6,530,496 27,977 188,518 95,747 2,591,646 295,468 74,240 473,882 118,438 6,112,222 26,350 165,923 86,433 2,528,44o 284,598 69,875 Montana: Billings Butte Great Falls Helena 101,448 60,561 85,640 48,697 111,625 51,I4O 79,903 48,560 312,223 176,308 259,953 160,832 329,788 150,427 240,596 l4l,356 North Dakota: Bismarck Dickinson Fargo Grand Forks. Jamestown Minot 33,082 14,769 90,219 34,535 11,843 35,807 33,225 11.681 88,431 34,122 11.682 35,108 99,086 43,488 288,978 108,911 37,224 117,412 98,279 36,585 281,180 101,300 35,407 107,193 South Dakota: Aberdeen Sioux Falls 26,305 125,610 26,979 128,189 85,046 372,526 83,337 380,520 Wisconsin: Eau Claire La Crosse Superior 58,804 61,348 21,769 60,153 64,711 20,955 164,244 189,442 65,196 157,758 184,461 59,712-6-
BANK DEBITS - December i960 December i960 December 1959 Three months ended December 19601 December 1959 DISTRICT NO. 10 - KANSAS CITY Colorado: Colorado Springs 102,031 113,350 307,4o6 326,511 Denver 1,576,951 1,524,533 4,602,405 4,222,044 Grand Junction to, 376 40,643 116,444 114,359 Greeley 64,615 48,244 189,872 151,291 Pueblo 86,887 94,047 250,085 249,995 Kansas: Atchison 16,825 16,532 48,220 47,607 Dodge City 23,668 21,266 68,830 66,553 Emporia 21,479 19,850 65,196 62,259 Hutchinson 64, 517 63,076 171,76l 167,707 Independence 13,421 13,484 37,449 35,631 Kansas City 139,887 143,515 400,104 407,006 Lawrence 24,082 24,736 71,462 70,471 Manhattan 20,685 19,491 58,590 60,208 Parsons 11,993 11,374 35,490 33,589 Pittsburg 22,269 21,746 62,561 61,285 Salina 64, 502 56,288 187,783 170,056 Topeka 230,814 197,614 642,510 549,026 Wichita 467,085 480,897 1,319,173 1,367,689 Missouri: Independence 24,624 26,407 72,153 71,927 Joplin 45,679 46,478 132,803 135,028 Kansas City 2,128,951 2,103,517 5,983,947 5,853,904 St. Joseph 137,596 149,786 409,325 423,573 Nebraska: Fremont 31,417 27,863 89,517 80,479 Grand Island 38,049 37,488 111,795 107,079 Hastings 27,968 27,700 77,718 78,239 Lincoln 219,193 183,483 620,333 538,385 Omaha 962,292 921,041 2,720,450 2,632,839 New Mexico: Albuquerque 280,293 297,433 830,504 856,355 Santa Fe 60,399 56,633 170,332 169,692 Oklahoma: Bartlesville 341,806 364,510 1,007,937 945,305 Enid 62,748 56,206 172,484 160,809 Guthrie 6,419 6,394 18,394 19,753 Lawton 36,679 35,790 101,147 99,746 Muskogee 53,303 55,233 138,274 138,386 Norman 20,177 18,048 57,772 55,267 Oklahoma City 826,946 781,219 2,228, 526 2,245,880 Okmulgee 10,259 9,704 30,277 28,985 Ponca City 31,928 29,758 87,108 91,025 Tulsa 1,121,770 1,133,045 3,346,946 3,207,316 Wyoming: Casper 83,988 80,902 233,510 228,185 Cheyenne 63,003 77,660 192,210 197,285 # -7-
BANK DEBITS - December I960 December i960 December 1959 D: [STRICT NO. 11 - DALLAS Three months ended December i960 I December 1959 Arizona: Louisiana: New Mexico: Texas: Tucson 24-1,783 247,780 679,118 695,682 Monroe 80,067 86,6ll 246,163 250,803 Shreveport 348,048 356,899 1,000,112 978,859 Roswell 43,639 43,957 132,590 129,985 Abilene 105,664 107,653 311,751 305,209 Amarillo 219,863 237,234 671,019 699,457 Austin 203,982 213,663 616,146 627,242 Beaumont 170,447 179,763 491,093 485,934 Corpus Christ! 195,305 186,890 564,060 554,292 Corsicana 18,063 19,455 53,514 55,167 Dallas 3,554,175 3,262,774 9,116,293 8,587,099 El Paso 381,520 399,3k) 1,070,438 1,148,64l Fort Worth 841,044 873,436 2,333,618 2,380,005 Galveston 94,760 102,415 275,580 286,837 Houston 2,941,059 2,927,523 7,947,356 7,894,100 Laredo 30,167 28,818 82,763 82,755 Lubbock 306,169 292,978 757,674 778,445 Port Arthur 66,473 72,417 194,527 199,548 San Angelo 53,278 53,751 160,034 162,735 San Antonio 623,852 648,737 1,776,619 1,830,195 Texarkana (Also see Arkansas, p. 6) 23,083 24,945 69,457 69,010 Tyler 82,524 88,197 248,986 250,171 Waco 110,730 114,391 322,965 339,000 Wichita Falls 126,263 130,943 351,682 371,590 DISTRICT NO. 12 - SAN FRANCISCO Arizona: Phoenix 825,845 721,650 2,322,159 2,013,720 California: Baker.sfield 232,503 253,441 635,717 638,777 Berkeley 165,940 154,131 476,081 44l,258 Fresno 384,024 389,100 1,109,513 1,100,710 Long Beach 344,097 365,761 1,014,867 1,046,815 Los Angeles 8,099,846 7,600,954 21,954,331 20,480,918 Modesto 105,945 98,795 323,874 292,854 Oakland 920,870 920,552 2,437,551 2,531,659 Pasadena 254,301 259,615 722,350 731,060 Riverside 129,638 135,643 364,818 371,480 Sacramento 1,258,982 1,080,252 4,178,120 3,677,699 San Bernardino 148,559 148,604 421,302 404,187 San Diego 943,767 1,002,391 2,781,561 2,773,892 San Francisco 5,425,276 5,222,074 15,396,387 14,398,683 San Jose 431,628 4o4,662 1,239,942 1,174,431 Santa Barbara 89,444 103,648 269,688 286,061 Santa Rosa 63,436 62,544 181,569 177,465 Stockton 155,931 149,240 468,603 444,542 Idaho: Boise 145,112 144,907 420,130 412,739 Nevada: Reno 132,736 118,307 377,103 346,041 Oregon: Eugene 98,160 114,486 313,334 307,893 Portland 1,252,430 1,271,386 3,649,594 3,788,705 Salem 150,626 146,929 417,869 440,357 Utah: Ogden 106,4oo 110,696 314,320 324,851 Salt Lake City 620,631 642,576 1,748,892 1,748,143 Washington: Bellingham 43,434 40,694 129,582 124,157 Everett 63,429 65, o4o 183,428 190,665 Seattle 1,568,360 1,732,119 4,740,336 4,841,563 Spokane 283,049 288,573 890,704 868,414 Tacoma 223,472 235,583 682,990 675,788 Walla Walla 34,407 35,017 104,715 105,150 Yakima 66,298 77,440 206,843 236,542-8-