BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM G. 6 (For Immediate Release) May 12, 1954 BANK DEBITS TO DEMAND DEPOSIT ACCOUNTS Bank debits to demand deposit accounts, except interbank and Government accounts, as reported by banks in 345 leading centers for the month of April aggregated $155 billion. During the past three months debits amounted to $468 billion or 9*3 per cent above the total reported for the corresponding period a year ago. At banks in New York City there was an increase of 21.6 per cent compared with the corresponding three-months period a year ago; at 6 other centers the increase was 3.1 per cent; and at all other centers it was 2.2 per cent. Preliminary estimates of the annual rates of turnover of demand deposits in April are 41.3 at New York City, 27•7 at the 6 other centers, and 19.0 at all other centers, SUMMARY BY FEDERAL RESERVE DISTRICTS (In millions of dollars) April April 3 months ended — Federal Reserve District 1954 1953 April 1954 April 1953 Boston 6,006 6,186 17,837 17,868 New York 64,637 56,207 197,263 164,106 Philadelphia 7,769 6,399 20,730 18,584 Cleveland 9,924 10,225 30,187 30,305 Richmond 5,656 5,486 16,774 16,325 Atlanta 6,004 5,833 18,1%0 17,257 Chicago 22,338 22,804 69,189 67,606 St. Louis 4,241 4,240 13,044 12,675 Minneapolis 2,661 2,628 7,949 7,678 Kansas City 5,747 5,688 17,390 16,748 Dallas 5,940 5,877 17,722 17,284 San Francisco 13,739 13,995 41,598 41,649 Total, 345 reporting centers 154,661 145,567 467,854 428,086 New York City 60,479 52,038 184,507 151,685 6 other centers* 33,152 32,742 99,159 96,207 338 other centers 61,030 60,788 184,188 180,194 DEBITS BY BANKS IN EACH REPORTING CENTER [In thousands of dollars) April April 3 months ended — 1954 1953 April 1954 April 1953 DISTRICT NO. 1 - BOSTON Hartford Conn. 817,664 828,883 2,474,794 2,386,537 11 New Haven 267,352 274,286 810,839 797,172 II New London 41,875 44,644 126,456 118,335 11 Waterbury 85,497 89,512 260,540 262,031 Bangor Maine 51,456 49,031 159,196 148,320 II Lewi ston-Auburn 33,072 33,813 99,174 100,794 11 Portland 102,111 93,399 306,264 315,837 Boston Mass. 3,315,612 3,328,620 9,709,246 9,527,413 It Brockton 57,951 55,609 164,640 159,701 Fall River ft 57,004 59,341 170,813 173,011 Holyoke II 44,351 41,337 127,328 118,687 Lawrence-Andover-•Methuen Mass. 48,071 50,256 142,802 147,551 Lowell Mass. 49,379 48,463 143,696 141,544 Lynn II 51,562 52,167 152,986 150,354 II New Bedford 59,683 62,248 177,429 180,394 II Pittsfield 36,397 38,355 110,061 113,427 II Springfield 232,152 231,173 670,704 674,957 II Worcester 205,914 212,914 612,794 622,141 Concord N. H. 28,178 26,610 82,384 81,040 II Manchester 64,137 61,423 189,150 179,455 Providence R. I. 325,892 471,097 1,053,404 1,374,814 Burlington Vt. 30,883 32,991 92,025 94,821 * Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis G.6a DEBITS BY BAMS IN EACH REPORTING CENTER (In thousands of dollars) April April 3 months ended — 1954 1953 April 1954 | April 1953 DISTRICT NO. 2 - NEW YORK Bridgeport Conn. 208,363 208,021 622,315 621,811 Stamford 11 83,896 88,810 253,238 256,847 Elizabeth N. J. 138,827 127,513 408,144 381,164 Jersey City ft 383,477 1,192,487 1,123,524 It 393,976 Montelair 50,275 51,834 152,209 157,083 Newark It 1,009,811 1,033,992 3,236,215 3,172,377 II Passaic 129,461 130,407 382,064 392,286 If Paterson 189,915 172,249 553,730 498,375 Binghamton N. Y. 80,681 78,137 230,312 231,064 Buffalo ft 764,567 815.963 2,377,791 2,413,195 Elmira It 58,677 56,312 175,356 156,842 tl Jamestown 41,768 43,246 126,312 127,939 New York It 60,478,847 52,037,502 184,507,045 151,684,771 Poughkeepsie It 180,034 It 59,998 60,110 173,734 Rochester 440,186 426,523 1,363,573 1,271,730 Schenectady ft 90,214 90,747 268,534 263,263 Syracuse 307,588 296,324 912,057 883,334 Utica 109,822 105.535 322,041 296,882 DISTRICT NO. 3 - PHILADELPHIA Wilmington Del. 453,255 396,604 1,330,452 1,214,042 Atlantic City N. J. 64,319 61,838 188,204 174,160 Camden 190,853 181.536 564,134 526,576 Trenton 229,487 190,265 700,115 607,873 Allentown Pa. 100,237 96,735 294,568 282,135 It Altoona 36,721 102,759 108,634 tf 34,975 Bethlehem 48,334 49,304 145,244 147,613 If Chester 59,301 61,008 180,296 170,411 ft Harrisburg 160,308 468,431 465,712 ft 162,555 Hazleton 26,722 28,951 83,087 85,831 Johnstown It 49,260 II 45,452 137,529 145,757 Lancaster 87,930 83,997 264,648 244,381 II Lebanon 23,322 24,826 70,014 72,334 Norristown If 42,472 It 43,100 124,653 124,542 Philadelphia 5,752,482 4,482,602 14,707,612 12,887,725 fl Reading 124,595 125,275 383,120 361,286 Scranton It II 107,706 113,581 329,560 339,915 Wilkes-Barre 77,309 74,231 241,026 222,473 Williamsport 33,044 36,680 104,247 105,808 York 103,957 103,115 310,414 297,163 DISTRICT NO. 4 - CLEVELAND Covington-Newport Ky. 55,510 50,808 158,855 It 144,370 Lexington 71,994 72,977 249,138 227,915 Akron Ohio 361,240 368,173 1,096,056 It 1,071,899 Canton 151,685 156,649 442,468 467,650 Cincinnati It It 1,273,082 1,264,622 3,878,636 3,752,828 Cleveland 2,560,354 2,728,840 7,883,762 7,949,479 Columbus ft II 767,006 715,053 2,303,878 2,093,050 Dayton 332,381 345,572 1,082,322 1,001,969 Hamilton 54,520 58,520 169,003 174,261 Lima 62,393 62,143 191,032 187,741 Lorain It II 24,717 23,884 71,432 69,546 Mansfield 61,075 68,415 178,315 188,861 It Middletown 44,430 53,842 145,300 168,222 Portsmouth It II 31,460 29,764 92,976 84,885 Springfield 61,273 62,381 177,998 182,367 Steubenville tf II 26,975 28,815 76,523 82,057 Toledo 469,737 503,662 1,451,434 1,477,636 tf Warren 60,134 59,650 174,386 ft 173,743 Youngstown 184,239 202.964 540,379 599,265 ft Zanesville 31,973 32,464 101,782 94,410 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) April April 3 months ended — 1954 1953 April 1954 I April 1953 DISTRICT NO. 4 - CLEVELAND (Cont'd) 127,725 Butler Pa. 41,558 44,344 128,499 ft 119,643 124,119 359,623 366,139 Erie tl 22,616 Franklin 6,723 8,181 19,019 ft 76,412 Greensburg 24,867 26,030 73,477 II 64,066 Oil City 21,767 22,462 64,977 9,101,023 Pittsburgh 2,917,854 2,995,550 8,793,885 105,930 Sharon 30,900 36,636 95,424 224,094 Wheeling W. Va 74,213 78,323 210,911 RICHMOND 3,112,589 Washington D. C 1,252,680 1,034,086 3,543,643 4,162,148 Baltimore Md. 1,425,792 1,395,668 4,234,125 II 73,774 Cumberland 22,394 25,484 65,895 II 69,623 69,725 Frederick 25,454 23,373 n 109,848 Hagerstown 33,875 38,958 105,304 174,898 175,507 Asheville N. C 57,844 58,649 II 1,071,883 Charlotte 334,554 354,563 1,058,550 II 250,214 252,199 Durham 84,368 82,884 II 349,764 Greensboro 113,065 124,218 348,310 II 57,152 Kinston 19,032 18,666 58,730 It 572,688 Raleigh 167,206 180,762 549,738 134,860 130,775 Wilmington " 44,858 45,673 n 47,119 Wilson 16,279 15,044 51,633 II 430,923 Winston-Salem 141,064 138,746 439,046 215,181 233,201 Charleston s. c 72,732 78,394 473,956 Columbia 181,916 166,545 511,217 II 321,836 333,306 Greenville 106,927 111,555 II 182,808 188,527 Spartanburg 60,273 62,366 76,449 Charlottesville Va.