BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) January 15, I960 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 $261 billion. During the past three months debits amounted to $709 billion or 11.6 per cent above the total reported for the corresponding period a year ago. At banks in New York. City there was an increase of 16.7 per cent compared with the corresponding three-months period a year ago; at 6 other centers the increase was 8.5 per cent; and at 337 other centers it was 8.5 per cent. Preliminary estimates of the annual rates of turnover of demand deposits, without seasonal adjustment, in December are 66.8 at New York City, 35-5 at 6 other centers, and 26.7 at 337 other centers. SUMMARY BY FEDERAL RESERVE DISTRICTS (in millions of dollars) Federal Reserve District December 1959 December 1958 December 1959 IDecember 195# Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco Total, 344 reporting centers New York City 6 other centers* 337 other centers 10.096 9,115 111,451 98,841 10,600 10,048 17,252 16,056 9,599 8,804 11,094 10,236 35,839 33,662 6,675 6,169 4,281 4,275 9,437 9,016 10,701 10,110 24.097 22,652 261,121 238,985 104,976 92,711 51,763 48,690 104,382 97,584 28,097 25,646 294,686 253,796 29,233 26,986 45,125 42,158 27,244 24,812 30,814 27,748 99,031 91,059 18,932 17,303 12,254 11,869 26,529 25,403 29,163 26,826 67,397 61,362 708,505 634,971 276,768 237,136 141,657 130,508 290,080 267,328 *Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles.
BANK DEBITS - December 1959 December 1959 December 1958 DISTRICT NO. 1 - BOSTON December 1959 IDecember 1958" Connecticut: Hartford New Haven New London Waterbury J?/ 1,326,395 460,366 90,530 153,753 1,296,062 442,527 92,351 121,676 3,645,600 1,320,392 258,457 422,155 3,561,826 1,202,071 253,252 334,883 Maine: Bangor Lewiston-Auburn Portland 83,888 55,828 179,767 78,007 52,789 147,869 252,449 162,823 502,764 234,015 147,360 429,284 Massachusetts: Boston Brockton Fall River Holyoke Lawrence Lowell Lynn New Bedford Pittsfield Springfield Worcester 5,501,720 87,397 76,179 69,148 71,139 92,126 82,300 87,067 66,633 340,430 311,310 4,819,718 89,082 73.326 69,o4O 71,297 77,034 75,605 75.327 60,333 321,770 278,554 15,195,954 259,451 226,329 202,356 215,320 267.821 253,046 254.822 198,660 1,029,946 837,326 13,665,161 256,323 216,109 191,249 206,306, 224,072 228,855 226,069 174,838 936,739 790,968 New Hampshire: Concord Manchester 42,260 114,375 39,191 107,571 113,778 305,137 105,149 276,744 Rhode Island: Providence 746,438 673,079 2,001,519 1,832,184 Vermont: Burlington 57,149 52,955 170,953 152,201 DISTRICT NO. 2 - HEW YORK Connecticut: Bridgeport 309,377 Stamford 155,748 290,660 131,872 856,801 434,079 788,381 365,438 New Jersey: Elizabeth 244,675 Jersey City 668,392 Montelair 80,097 Newark 1,616,835 Paterson-Passaic 551,645 218,279 625,522 67,951 1,497,773 562,692 705,039 1,790,241 222,653 4,295,797 1,559,996 607,874 1,670,389 173,499 3,875,617 1,55?,496 New York: Binghamton 99,661 Buffalo 1,042,959 Elmira 75,677 Jamestown 52,824 New York 104,975,650 Poughkeepsie 97,575 Rochester 772,686 Schenectady 114,967 Syracuse 426,918 Utica 165,274 95,895 1,027,724 69,100 54,029 92,711,430 87,681 707.798 114,268 431.799 147,016 279,344 2,937,090 205,378 151,474 276,768,106 276,494 2,163,619 316,657 1,263,729 459,071 281,089 2,869,298 192,866 147,472 237,135,889 243,586 1,954,094 315,791 1,204,875 410,798 r/ Revised figure: Waterbury, Connecticut: November 1959, 133,537-2
December 1959 December 1958 DISTRICT NO. 3 - PHILADELPHIA BANK DEBITS - December 1959 December 1959 1December 1958 Delaware: Wilmington 995,846 841,122 2,475,208 2,197,444 New Jersey: Atlantic City Camden Trenton 105,958 3^1,353 417,997 95,333 298,066 437,114 296,602 956,475 1,228,706 269,308 880,710 1,119,067 Pennsylvania: Allentown Altoona Bethlehem Chester Harrisburg Hazleton Johnstown Lancaster Lebanon Norristown Philadelphia Reading Scranton Wilkes-Barre Williamsport York 158,417 51,833 k 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 47,595 142,06l 151,390 50,988 75,903 95,786 233,917 37,757 71,732 125,919 34,475 75,087 6,792,088 185,139 158,203 115,739 44,689 127,413 458,535 153,028 182,213 286,365 658,717 117,220 199,535 382,753 98,256 242,535 19,725,079 503,272 413,605 322,345 133,243 399,691 412,993 148,885 203,810 268,471 645,350 106,503 198,247 354,020 96,987 209,913 18,155,557 499,901 427,770 318,374 123,009 349,740 DISTRICT HO. 4 - CLEVELAND Kentucky: Covington-Newport Lexington 72,244 248,779 68,279 232,968 214,695 531,560 196,315 493,305 Ohio: Akron Canton Cincinnati Cleveland Columbus Dayton Hamilton Lima Lorain Mansfield Middletown Portsmouth Springfield Steubenville Toledo Warren Youngstown Zanesville 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 44,931 592,590 195,407 1,838,508 3,975,168 1,251,879 519,460 82,000 68,041 43,534 92,190 70,772 32,832 73,999 40,099 665,381 88,338 255,188 44,352 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 1,662,850 550,231 5,024,814 10,743,714 3,398,002 1,390,119 226,684 199,463 123,942 244,988 187,813 91,216 217,957 112,714 1,835,127 242,484 725,352 121,216 Pennsylvania: Butler Erie Franklin Greensburg Oil City Pittsburgh Sharon 64,350 172,769 11,857 36,4o8 27,568 5,998,553 51,187 54,709 153,317 9,943 33,258 27,962 5,410,072 47,295 186,411 489,491 34,806 104,837 79,499 14,124,587 130,182 158,309 428,991 29,409 93,912 76,802 13,187,748 132,328 West Virginia: Wheeling 91,606 88,293 258,950 262,505-3-
BANK DEBITS - December 1959 (in thousands of dollars) December 1959 December 1958 December 1959 IDecember 195# DISTRICT NO. 5 - RICHMOND District of Columbia: Washington 2,172,809 1,893,855 6,038,539 5,186,861 Maryland: Baltimore 2,245,694 2,096,517 6,264,125 5,766,007 Cumberland 35,294 34,049 102,787 95,028 Frederick 35,180 34,599 99,640 95,898 Hagerstown 51,248 47,868 147,463 142,324 North Carolina: Asheville 102,233 93,809 277,466 263,740 Charlotte 624,702 584,327 1,793,755 1,651,984 Durham 117,604 107,652 362,507 347,775 Greensboro 287,723 262,306 824,863 737,652 Kinston 25,315 25,867 96,133 105,703 Raleigh 306,670 294,743 945,439 888,550 Wilmington 62,779 58,587 182,539 169,526 Wilson 30,221 29,381 126,133 138,905 Winston-Salem 301,304 261,319 850,564 715,645 South Carolina: Charleston 141,449 117,626 385,943 330,453 Columbia 250,526 227,567 737,527 662,536 Greenville 226,797 209,362 634,391 550,224 Spartanburg 98,714 88,498 279,238 247,163 Virginia: Charlottesville 54,363 52,646 155,617 154,261 Danville 62,015 58,156 215,585 211,585 Lynchburg 77,912 74,973 223,593 206,469 Newport News 89,967 72,979 249,494 198,179 Norfolk 397,829 382,041 1,113,612 1,046,798 Portsmouth 50,651 48,070 141,072 132,802 Richmond 1,073,541 1,006,295 3,078,119 2,920,847 Roanoke 219,869 199,445 590,645 545,391 West Virginia: Bluefield 51,271 52,419 140,337 149,078 Charleston 210,128 200,796 621,086 589,737 Clarksburg 45,701 41,916 137,856 126,680 Huntington 103,300 101,262 296,318 286,173 Parkersburg 45,900 45,108 131,385 128,509 DISTRICT NO. 6 - ATLANTA Alabama: Anniston 44,515 40,820 128,880 117,009 Birmingham 858,255 798,797 2,347,608 2,281,037 Dothan 35,440 27,783 102,194 83,526 Gadsden 37,587 35,438 106,910 104,976 Mobile 321,214 290,644 886,427 801,321 Montgomery 178,023 176,959 515,203 494,017 Florida: Jacksonville 891,730 800,162 2,433,850 2,128,673 Miami 972,013 921,010 2,700,310 2,401,924 Orlando 286,695 220,659 768,251 551,931 Pensacola 96,061 89,903 264,467 255,270 St. Petersburg 251,849 202,216 693,218 521,278 Tampa 474,924 431,295 1,269,922 1,095,660 Georgia: Albany 54,959 69,383 162,375 189,920 Atlanta 2,267,326 1,985,782 6,247,083 5,419,881 Augusta 126,291 107,410 338,532 294,421 Brunswick 31,177 25,853 81,930 65,618 Columbus 115,540 113,050 322,950 305,747 Elberton 10,112 8,960 29,047 25,763 Macon 131,571 140,415 375,170 363,503 Newnan 21,582 18,201 60,715 52,801 Savannah 224,963 211,642 606,lS4 581,765 Valdosta 37,398 27,559 3.03,614 75,425 Louisiana: Baton Rouge 288,176 223,657 817,796 619,049 Lake Charles 90,224 101,230 254,045 272,154 New Orleans 1,444,636 1,368,809 4,003,147 3,731,108 Mississippi: Rattlesburg 37,186 35,045 108,697 100,491 Jackson 321,625 297,888 921,113 846,568 Meridian 45,966 49,055 135,540 129,588 Vicksburg 22,498 20,743 64,641 58,142 Tennessee: Chattanooga 353,038 338,557 979,059 911,081 Knoxville 268,468 276,785 739,283 697,915 Nashville 752,913 779,943 2,245,993 2,170,766-4-
December 1959 December 1958 DISTRICT NO. 7 - CHICAGO BANK DEBITS - December 1959 December 1959 1December 1958 Illinois: Aurora 86,072 71,643 249,217 214,405 Bloomington 78,867 86,362 221,536 233,998 Champaign-Urbana 82,573 77,221 260,659 247,926 Chicago 18,871,126 17,632,109 51,333,570 47,508,235 Danville 51,615 53,117 153,768 154,650 Decatur 124,452 125,423 388,590 378,229 Elgin 53,067 50,952 153,106 146,288 Joliet 98,376 93,065 279,427 265,984 Moline-East Moline- Rock Island 128,005 118,173 378,326 345,077 Peoria 254,171 249,100 716,780 715,896 Rockford 220,104 197,475 633,695 560,360 Springfield 145,057 144,695 419,570 418,597 Indiana: Fort Wayne 309,519 282,816 896,590 814,295 Gary 143,650 133,912 391,562 373,278 Hammond 95,292 90,345 264,883 250,996 Indianapolis 1,280,024 1,285,902 3,819,122 3,673,952 Lafayette 94,048 77,095 268,191 226,074 Muncie 94,038 88,532 271,453 241,981 South Bend 243,079 243,383 669,908 634,878 Terre Haute 105,146 96,484 289,975 265,469 Iowa: Burlington 43,069 39,983 120,898 114,080 Cedar Rapids 152,816 152,208 450,141 420,461 Clinton 30,979 29,710 91,927 91,926 Davenport 132,163 131,482 391,485 366,230 Des Moines 592,495 579,171 1,757,454 1,639,482 Dubuque 78,242 77,945 232,194 217,590 Mason City 49,485 48,588 150,827 143,195 Muscatine 20,112 18,690 59,195 58,838 Ottumwa 39,968 38,855 120,770 114,249 Sioux City 214,280 213,205 634,729 634,292 Waterloo 110,705 107,025 325,440 311,546 Michigan: Adrian 30,996 29,908 92,349 84,072 Battle Creek 87,334 88,371 252,308 251,259 Bay City 63,648 62,427 187,224 179,636 Detroit 7,433,592 6,874,206 20,522,662 18,152,789 Flint 200,608 204,898 582,588 525,718 Grand Rapids 398,599 367,472 1,131,577 1,056,775 Jackson 113,186 107,232 330,700 294,759 Kalamazoo 197,436 246,496 546,248 562,304 Lansing 163,327 161,574 490,064 460,958 Muskegon 104,575 93,688 292,351 260,001 Port Huron 41,879 43,228 129,913 123,222 Saginaw 142,653 141,467 413,587 391,963 Wisconsin: Green Bay 103,150 100,805 294,791 282,644 Kenosha 81,262 66,739 218,019 177,919 Madison 217,952 199,757 605,749 554,303 Manitowoc 40,486 40,143 108,789 111,001 Milwaukee 2,147,114 1,978,369 5,748,625 5,208,082 Oshkosh 47,680 43,664 134,591 118,238 Racine 119,098 103,971 324,035 252,343 Sheboygan 81,964 73,018 230,313 199,048 5
BANK DEBITS - December 1959 December 1959 December 1958 December 1959 1December 1958 DI STRICT NO. 8 - ST. LOUIS Arkansas: El Dorado Fort Smith Helena Little Rock Pine Bluff Texarkana (Also see Texas, p. 8) 41,851 66,245 16,049 271,413 78,191 26,807 37,023 67,287 14,227 256,282 63,731 25,588 101,944 193,416 60,273 772,251 254,998 81,320 99,817 195,574 47,991 723,226 208,080 73,517 Illinois: Alton E. St. Louis & Nat'l. Stock Yards Quincy 50,029 159,986 54,159 49,589 165,645 54,000 139,553 446,654 163,754 130,019 472,422 152,517 Indiana: Evansvilie 183,850 199,501 532,242 556,501 Kentucky: Louisville Owensboro Paducah 1,044,918 66,244 42,234 1,027,423 62,391 38,131 2,927,471 183,711 117,253 2,826,030 170,155 107,550 Mississippi: Greenville 42,998 35,787 137,436 108,534 Missouri: Cape Girardeau Hannibal Jefferson City St. Louis Sedalia Springfield 22,824 14,473 102,282 3,036,604 21,277 118,609 19,984 14,056 93,877 2,837,651 21,462 113,649 68,385 41,908 375,027 8,317,368 59,366 358,237 57,116 40,188 338,217 7,708,906 59,684 333,342 Tennessee: Jackson Memphis 35,775 1,178,079 30,594 941,234 118,756 3,480,463 92,628 2,801,423 DISTRICT NO. 9 - MINNEAPOLIS Minnesota: Duluth Mankato Minneapolis Red Wing Rochester St. Cloud St. Paul South St, Paul Winona 168,424 42,151 2,136,966 9,019 60,038 30,561 908,298 92,830 26,225 167,455 38,814 2,131,278 10,262 54,590 29,936 881,853 107,983 25,034 473,882 118,438 6,112,222 26,350 165,923 86,433 2,528,440 284,598 69,875 491,320 110,147 5,787,559 26,613 158,227 79,279 2,416,286 314,050 72,642 Montana: Billings Butte Great Falls Helena 111,625 51,140 79,903 48,560 112,190 64,069 83,388 56,941 329,788 150,427 240,596 141,356 323,679 182,244 247,861 154,104 North Dakota: Bismarck Dickinson Fargo Grand Forks Jamestown Minot 33,225 11,681 88,431 34,122 11,682 35,108 33,492 10,300 94,596 31,326 11,576 33,619 98,279 36,585 281,180 101,300 35,407 107,193 94,623 33,057 296,448 91,406 35,783 103,809 South Dakota: Aberdeen Sioux Falls 26,979 128,189 27,389 125,343 83,337 380,520 80,433 378,045 Wisconsin: Eau Claire La Crosse Superior 60,153 64,711 20,955 57,233 65,441 20,822 157,758 184,461 59,712 153,837 178,453 59,290-6 -
December 1959 December 1958 DISTRICT NO. 10 - KANSAS CITY BANK DEBITS - December 1959 December 1959 IDecember 1958 Colorado: Colorado Springs 113,350 119,092 326,511 331,350 Denver 1,524,533 1,360,640 4,222,044 3,915,881 Grand Junction 40,643 39,252 114,359 112,257 Greeley 48,244 45,491 151,291 141,340 Pueblo 94,047 94,180 249,995 252,683 Kansas: Atchison 16,532 17,848 47,607 48,501 Dodge City 21,266 23,217 66,553 67,596 Emporia 19,850 19,720 62,259 61,921 Hutchinson 63,076 57,759 167,707 162,716 Independence 13,484 13,004 35,631 35,658 Kansas City 143,515 151,688 407,006 406,450 Lawrence 24,736 22,567 70,471 65,121 Manhattan 19,491 19,446 60,208 57,873 Parsons 11,374 10,860 33,589 31,357 Pittsburg 21,746 19,775 61,285 57,122 Salina 56,288 57,299 170,056 162,563 Topeka 197,614 171,536 549,026 489,379 Wichita 480,897 510,236 1,367,689 1,396,193 Missouri: Independence 26,407 25,704 71,927 71,544 Joplin 46,478 50,425 135,028 142,201 Kansas City 2,103,517 2,089,063 5,853,904 5,663,902 St. Joseph 149,786 149,111 423,573 417,279 Nebraska: Fremont 27,863 25,020 80,479 76,354 Grand Island 37,488 34,635 107,079 102,155 Hastings 27,700 26,378 78,239 70,053 Lincoln 183,483 171,580 538,385 489,497 Omaha 921,041 908,131 2,632,839 2,571,941 New Mexico: Albuquerque 297,433 285,377 856,355 796,347 Santa Fe 56,633 58,037 169,692 158,063 Oklahoma: Bartlesville 364,510 300,473 945,305 841,369 Enid 56,206 57,826 160,809 168,974 Guthrie 6,394 5,831 19,753 17,229 Lawton 35,790 34,530 99,746 86,458 Muskogee 55,233 62,660 138,386 166,850 Norman 18,048 17,360 55,267 52,056 Oklahoma City 781,219 695,403 2,245,880 2,032,211 Okmulgee 9,704 10,176 28,985 31,644 Ponca City 29,758 25,839 91,025 77,498 Tulsa 1,133,045 1,102,437 3,207,316 3,200,400 Wyoming: Casper 80,902 75,653 228,185 218,716 Cheyenne 77,660 50,641 197,285 154,613
w BANK DEBITS - December (In thousands of dollars December 1959 December 1958 DISTRICT NO. 11 - DALLAS December 1959 I December 195# Arizona: Tucson 247,780 228,313 695,682 617,985 Louisiana: Monroe 86,611 83,552 250,803 226,034 Shreveport 356,899 316,045 978,859 881,577 New Mexico: Roswell 43,957 40,980 129,985 111,738 Texas: Abilene 107,653 104,644 305,209 280,413 Amarillo 237,234 222,447 699,457 631,098 Austin 213,663 192,692 627,242 549,667 Beaumont 179,763 173,830 485,934 471,736 Corpus Christ! 186,890 193,718 554,292 553,961 Corsicana 19,455 19,205 55,167 56,542 Dallas 3,262,774 3,014,916 8,587,099 7,710,664 El Paso 399,340 379,999 1,148,641 1,015,982 Fort Worth 873,436 882,188 2,380,005 2,332,198 Galveston 102,415 100,918 286,837 278,930 Houston 2,927,523 2,802,442 7,894,100 7,361,159 Laredo 28,818 28,959 82,755 79,430 Lubbock 292,978 228,904 778,445 642,296 Port Arthur 72,417 65,727 199,548 192,500 San Angelo 53,751 53,497 162,735 158,092 San Antonio 648,737 632,248 1,830,195 1,702,653 Texarkana (Also see Arkansas, p. 6) 24,945 21,644 69,010 62,502 Tyler 88,197 93,999 250,171 261,295 Waco 114,391 106,764 339,000 306,095 Wichita Falls 130,948 122,828 371,590 341,921 DISTRICT NO. 12 - SAB FRANCISCO Arizona: Phoenix 721,650 604,226 2,013,720 1,643,078 California: Bakersfield 253,441 205,792 Berkeley 154,131 145,807 Fresno 389,100 307,502 Long Beach 365,761 388,153 Los Angeles 7,600,954 7,562,353 Modesto 98,795 99,570 Oakland 920,552 963,491 Pasadena 259,615 241,252 Riverside 135,643 119,736 Sacramento 1,080,252 849,620 San Bernardino 148,604 153,721 San Diego 1,002,391 820,235 San Francisco 5,222,074 4,998,924 San Jose 4o4,662 395,569, Santa Barbara 103,648 91,669 Santa Rosa 62,544 75,788 Stockton 149,240 119,492 638,777 441,258 1,100,710 1,046,815 20,480,918 292,854 2,531,659 731,060 371,480 3,677,699 404,187 2,773,892 14,398,683 1,174,431 286,061 177,465 444,542 580,218 404,546 861,841 1,056,765 19,714,416 281,059 2,422,606 655,574 324,536 2,760,560 388,199 2,237,254 13,301,201 1,072,519 253,339 181,154 346,735 Idaho: Boise 144,907 138,185 412,739 391,153 Nevada: Reno 118,307 96,918 346,041 279,973 Oregon: Eugene 114,486 89,066 Portland 1,271,386 1,145,057 Salem 146,929 148,993 307,893 3,788,705 440,357 258,545 3,331,923 410,246 Utah: Ogden 110,696 113,061 Salt Lake City 642,576 582,951 324,851 1,748,143 316,747 1,532,492 Washington: Bellingham 4o,694 39,580 Everett 65,O4O 61,681 Seattle 1,732,119 1,456,864 Spokane 288,573 277,258 Tacoma 235,583 241,102 Walla Walla 35,017 32,753 Yakima 77,440 75,699-8- 124,157 190,665 4,841,563 868,414 675,788 105,150 236,542 118,936 172,991 4,232,475 833,636 660,743 95,853 230,398