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. 1 - BOSTON Hartford Conn. 907,565 868,072 2,705,033 2,444,851 If New Haven 328,572 285,992 927,646 800,191 ft New London 47,182 45,352 138,621 130,210 It Waterbury 115,260 99,631 309,165 270,229 Bangor Maine 63,026 59,570 178,029 166,117 It Lewiston-Auburn 41,669 36,287 114,153 101,224 tl Portland 124,954 111,042 348,698 313,168 Boston Mass. 3,631,705 3,529,017 10,678,940 10,204,106 It Brockton 65,800 58,165 186,987 169,688 ft Fall River 62,873 59,000 182,053 169,591 ft Holyoke 46,787 43,688 136,328 127,526 Lawrence-Andover-Methuen Mass, 61,392 52,230 171,910 149,368 Lowell Maes. 57,569 50,787 169,733 146,329 n Lynn 59,770 52,488 169,929 151,908 it New Bedford 70,280 62,051 202,816 182,431 it Pittsfield 45,016 40,083 120,828 110,723 it Springfield 259,605 234,988 748,324 684,426 11 Worcester 229,792 205,842 662,030 601,010 Concord N. E. 31,786 30,369 92,450 86,512 n Manchester 76,618 68,746 213,042 194,593 Providence R, I. 504,164 430,993 1,430,632 1,245,175 Burlington Vt. , , 34,3to 33,157 98,398 93,924 Digitized* forBoston FRASER# Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 6.6a DEBITS BY BANKS IN EACH REPORTING CENTER (in thousands of dollars) ;i months June 1955 June 1954 June 1955 June 19$T" DISTRICT NO. 2 - NEW YORK Bridgeport Conn. 240,265 203,870 702,448 611,437 II Stamford 89,057 87>434 262,112 250,171 Elizabeth N. J. 170,849 146,852 473,832 413,715 Jersey City W 484,932 412,605 1,374,157 1,199,179 Montclair II 56,188 54,987 164,404 153,451 Newark n 1,217,013 1,142,803 3,420,337 3,251,701 Paterson-Pas sale it 383,344 335,603 1,086,525 956,732 Binghamton N. y. 89,420 78,559 251,601 230,066 Buffalo 11 929,210 835,171 2,611,410 2,358,507 Elmira 11 64,46o 62,988 181,910 178,495 ft Jamestown 56,638 44,291 148,536 126,717 11 New York 67,633,957 64,965,310 187,479,630 184,979,347 n Poughkeepsie 74,199 68,872 211,350 188,894 11 Rochester 531,172 482,397 1,478,267 1,343,070 Schenectady 11 100,602 96,589 286,323 271,063 Syracuse it 340,640 321,318 968,281 917,177 it Utica 129,847 114,918 363,593 329,079 DISTRICT NO. 3 - PHILADELPHIA Wilmington Del. 570,752 454,257 1,484,584 1,359,363 Atlantic City N. J. 80,166 73,820 221,776 205.631 Camden II 232,862 204,646 676,561 578,123 It Trenton 271,073 296,448 844,919 783,072 Allentown Pa, 119,120 101,840 338,216 291,305 Altoona it 41,808 37,379 114,308 104,824 n Bethlehem 55,119 54,613 160,391 148,168 Chester it 69,604 66,157 199,306 180,421 it Harrisburg 176,586 160,872 501,862 464,962 Hazleton 11 31,360 27,795 88,853 78,723 Johnstown it 54,649 47,086 157,744 136,827 it Lancaster 96,770 88,972 280,129 258,741 Lebanon 11 25,231 24,245 71,788 69,053 Norristown 11 53,122 46,555 142,425 128,269 it Philadelphia 5,198,523 4,918,508 15,028,985 15,127,971 Reading 11 158,057 132,814 452,869 373,734 Scranton ti 130,357 121,106 357,427 330,267 Wilkes-Barre n 93,996 87,973 258,981 237,492 Williamsport tt 37,452 33,394 106,724 99,377 York 11 115,940 115,073 309,836 316,081 DISTRICT NO. 4 - CLEVELAND Covington-Newport Ky. 62,360 56,124 181,6l4 164,228 11 Lexington 85,257 78,154 252,004 217,593 Akron Ohio 448,888 385,625 1,251,873 1,083,474 11 Canton 176,133 156,622 503,844 439.632 it Cincinnati 1,556,089 1,343,066 4,202,117 3,826,701 •1 Cleveland 3,231,194 2,991,442 8,780,938 7,958,595 11 Columbus 843,678 829,126 2,329,706 2,335,735 11 Dayton 421,729 367,657 1,179,046 1,016,662 11 Hamilton 64,792 61,213 186,536 171,785 11 Lima 80,052 62,585 214,062 187,614 it Lorain 33,990 27,401 92,829 77,199 n Mansfield 74,859 64,603 214,645 185,244 n Middletown 64,917 60,730 176,793 153,388 11 Portsmouth 29,977 98,353 90,579 $1 33,377 Springfield 66,990 59,919 195,739 181,287 Steubenville 11 34,335 27,986 100,441 80,404 Toledo 11 605,323 536,614 1,733,707 1,459,199 Warren it 79,349 62,935 217,947 181,283 Youngstown it 235,896 203,903 666,844 560,486 Zanesville it 38,020 33,054 111,897 98,560 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis G.6b DEBITS BY BANKS IN EACH REPORTING CENTER (In thousands of dollars) 3 months ended — June 1955 June 1954 June 1955 1 June 1954 DISTRICT NO. 4 - CLEVELAND (Cont'd) Butler Pa. 53,536 47,291 148,307 128,474 II Erie 149,783 131,117 417,565 373,065 II Franklin 9,431 6,806 25,948 20,004 II Greensburg 30,002 26,088 84,439 74,706 It Oil City 25,788 21,818 69,470 65,247 91 Pittsburgh 3,564,568 3,237,614 10,063,195 8,774,478 II Sharon 41,298 32,028 117,894 93,734 Wheeling W. Va. 81,945 74,162 243,367 214,920 DISTRICT NO. 5 - RICHMOND Washington D. C. 1,429,062 1,206,851 4,022,438 3,536,994 Baltimore Md. 1,707,905 1,508,499 4,856,094 4,420,284 Cumberland It 30,090 26,781 81,840 72,357 Frederick tf 26,319 23,357 73,549 70,101 Hagerstown It 44,376 37,023 133,440 104,139 Asheville s. c. 66,956 66,523 194,583 182,756 Charlotte II 420,786 350,349 1,209,945 1,023,049 Durham II 87,144 94,596 247,181 268,930 Greensboro II 152,461 121,425 437,801 350,399 II Kinston 22,458 18,980 65,269 56,782 Raleigh II 230,010 196,422 627,245 533,850 II Wilmington 54,910 48,775 160,093 137,710 It Wilson 17,413 18,098 55,719 50,459 It Winston-Salem 184,941 160,885 512,149 438,040 Charleston s« c. 83,675 75,280 253,849 221,994 Columbia II 185,941 157,491 563,299 497,599 II Greenville 136,029 103,550 388,146 316,020 Spartanburg It 64,319 59,955 191,881 178,926 Charlottesville Va.