BOARD of GOVERNORS of the FEDERAL RESERVE SYSTEM G.6 (For Immediate Release) July 14, 1955 BARK DEBITS Fro DEMAND DEPOSIT ACCOUNTS
BOARD OF GOVERNORS Of THE FEDERAL RESERVE SYSTEM G.6 (For Immediate Release) July 14, 1955 BARK DEBITS frO DEMAND DEPOSIT ACCOUNTS Bank debits to demand deposit accounts, except interbank and Gdverbment accounts,, as reported by banks in 344 leading centers for the month of Jxirie aggre- gated $178 billion. During the past three months debits amounted to $504 billion or 7*7 per cent above the total reported for the corresponding period a year ago. At banks in New York City there was an increase of 1,4 per cent compared with the corresponding three-months period a year ago; at 6 other centers the increase was 10.7 per cent; and at 337 other centers it was 12.3 per cent. Preliminary estimates of the annual rates of turnover of demand deposits in June are 44.7 at New York City, 28.4 at 6 other centers, and 20.8 at 337 other centers. SUMMARY BY FEDERAL RESERVE DISTRICTS (][ n millions oi dollars) 3 months ended — Federal Reserve District June 1955 June 1954 June 1955 1 June 1954 Boston 6,866 6,458 19,986 18,543 New York 72,592 69,455 201,465 197,759 Philadelphia 7,613 7,094 21,798 21,272 Cleveland 12,194 11,016 33,861 30,214 Richmond 6,715 5,775 19,051 16,872 Atlanta 7,090 6,026 20,700 17,951 Chicago 26,736 23,521 77,180 67,882 St. Louis 4,867 4,437 13,972 12,683 Minneapolis 3,204 2,973 8,921 8,221 Kansas City 6,816 6,202 19,613 17,477 Dallas 7,053 6,188 20,593 18,003 San Francisco 16,163 14,357 46,769 41,194 Total, 344 reporting centers 177,908 163,501 503,907 468,071 New York City 67,634 64,965 187,480 184,979 6 other centers* 37,569 33,785 108,633 98,096 337 other centers 72,706 64,751 207,795 184,996 DEBITS BY BANKS IN EACH REPORTING CENTER (]Cn thousands of dollars) 3 months ended — June 1955 June 1954 June 1955 I June 1954 ; DISTRICT NO.
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