For Immediate release BANK DEBITS "w15 1963 AND DEPOSIT TURNOVER Bank debits to demand deposit accounts, except interbank and U. S. Government accounts, as reported by banks in 3^4 selected centers for the month of April aggregated $308.0 billion. During the pasb three months debits amounted to $889.2 billion or 9 *2 per cent above the total reported for the corresponding period a year ago. At banks in New York City there was an increase of 12.0 per cent compared with the cor- responding three-months period a year ago; at 6 other leading centers the increase was 9.0 per cent; and at 337 other centers it was 6.3 per cent. Seasonally adjusted debits to demand deposit accounts for 6 leading centers and 337 other centers reached new highs of $63.9 and $119.6 billion, respectively, for the month of April. The seasonally adjusted annual rate of turnover at banks outside New York City increased to a new high of 33-4 in April from 32.0 in March. Total, Leading centers 337 Total, Leading centers 337 343 Period 344 other 344 other centers centers NYC 6 others * centers centers NYC 6 others* centers DEBITS To Demand Deposit Accounts ANNUAL RATE OF TURNOVER (In billions of dollars) Of Demand Deposits Hot seasonally adjusted 1962 April 281.5 117.2 58.0 106.3 41.5 76.9 42.6 27-3 31-3 May 295.4 122.1 59-8 113.5 42-3 79-0 41.5 28.4 June 31-9 291.8 121.9 59-4 110.5 43.6 83.0 43.0 28.7 July 32.5 279.7 111.4 57-5 110.7 41.5 76.1 41.2 28.5 August 31-9 281.0 110.8 57.5 112.7 40-3 74.3 39-9 27.9 31.0 September 263.3 109.7 53-4 100.1 41.7 81.1 41.2 October 27-3 30.9 307.4 127.5 62.8 117.2 43.2 82.3 43.0 28.5 November 32.3 288.2 116.5 59.4 112.3 42.9 80.4 42.9 28.9 December 32.6 320.9 141.6 63.7 115.6 45.8 93-7 44.4 28.5 32.6 January 325.9 137.2 66.3 122.4 44.0 84.5 43.7 28.7 February 32.6 274.5 116.6 55-2 102.8 41.5 80.3 40.4 27.1 30.6 March *306.7 133.0 62.5 111.2 45.0 88.4 45.6 28.3 32.7 April 308.0 126.9 64.2 117.0 P%3.7 80.6 p45.2 p28 .8 P33-0 Seasonally adjusted 1962 • April 288.5 118.1 59.1 111.3 42.2 78.4 41.7 28.2 31-6 May 287.0 119.1 57-6 110-3 41.9 78.8 40.8 28.0 June 31.7 282.4 115.7 57.9 108.8 41.6 77-3 41.3 27.8 July 31.6 285.7 114.4 59-0 112.2 42.1 77-3 42.1 28.6 August 31.9 283.9 115.8 57-4 110.7 41.9 78.8 4l.l 28.3 31.8 September 286.6 120.9 58.1 107.6 41.7 82.2 41.8 October 27-3 31.1 297.9 124.5 61.0 112.4 43.5 82.9 43.7 28.5 32.5 November 296.4 122.2 61.1 113.1 42.9 80.7 43.5 28.5 32.5 December 306.4 134.2 60.9 111.3 44.2 88.9 43.4 27.7 31.3 1963 January 307.1 128.1 62.8 116.3 43.6 83.7 44.1 28.8 32.6 February 301.5 127-7 61.2 112.7 43.6 84.6 42.7 28.3 32.2 March 1303.5 128.9 61.6 ril2.9 43.9 85.8 43.1 28.2 32.0 April 308.4 125.0 63.9 119.6 p44.4 82.2 p44.2 p29*7 P33-4 * Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles. P Preliminary. rRevised. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis BAM DEBITS - April 1963 (In thousands of dollars) Three months ended April 1963 April 1962 April 19% | April 1962 DISTRICT NO. 1 - BOSTON 12,022,097 10,412,682 33,790,358 30,336,739 Connecticut: Hartford 1,772,543 1,623,969 5,025,479 4,590,275 New Haven 542,351 478,814 1,512,895 1,415,321 New London 115,336 95,376 313,172 276,840 Waterbury 168,081 150,966 477,756 435,174 Maine: Bangor 79,691 78,408 242,842 233,194 Lewi s ton-Auburn 51,204 48,151 142,399 142,258 Portland 202,637 182,599 576,127 535,461 Massachusetts: Boston 6,603,149 5,496,548 18,379,669 16,117,379 Brockton 116,810 103,369 328,836 300,970 Fall River 74,925 71,621 210,680 209,354 Holyoke 28,930 25,917 83,761 79,318 Lawrence 87,464 74,327 250,175 217,077 Lowell 68,919 75,071 202,648 223,438 Lynn 99,324 89,371 277,304 257,169 New Bedford 87,975 81,503 257,029 241,247 Pittsfield 81,793 80,334 233,678 231,820 Springfield 463,725 423,274 1,363,112 1,225,528 Worcester 396,380 311,056 1,106,983 912,313 New Hampshire: Concord 46,950 41,675 128,420 118,824 Manchester 109,184 100,285 315,682 300,481 Rhode Island: Providence 766,056 719,822 2,183,590 2,101,639 Vermont: Burlington 58,670 60,226 178,121 171,659 DISTRICT NO. 2 - NEW YORK 133,955,909 123,558,690 397,218,084 355,207,063 Connecticut: Bridgeport 359,504 311,138 996,075 922,100 Stamford 179,172 163,305 499,338 485,489 New Jersey: Elizabeth 417,306 271,129 1,217,219 825,318 Jersey City 669,271 602,969 1,911,574 1,809,249 Montelair 77,296 73,458 216,646 204,201 Newark 1,839,005 1,644,219 5,756,451 5,005,168 Paterson-Passaic 535,509 496,645 1,522,659 1,477,136 New York: Binghamton 101,623 93,980 294,772 290,041 Buffalo 976,445 966,521 2,855,654 2,842,597 Elmira 70,267 68,290 208,686 201,708 Jamestown 61,381 54,076 165,870 156,425 New York 126,874,758 117,152,229 376,430,404 336,140,710 Poughkeepsie 126,106 115,343 356,047 . 336,053 Rochester 869,750 781,893 2,507,771 2,300,011 Schenectady 115,102 108,460 331,788 314,734 Syracuse 522,647 500,977 1,500,138 1,450,621 Utica 160,767 154,058 447,192 445,502 -2- Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis BANK DEBITS - April 1961 (In thousands of dollars} Three months ended April 1963 April 1962 10^3 1 A"rtr»-I 1 1 DISTRICT NO. 3 - PHILADELPHIA 13,109,369 11,557,988 36,199,710 33,861,428 Delaware: Wilmington 1,695,489 1,379,221 4,419,975 3,925,470 New Jersey: Atlantic City 128,185 118,201 365,848 338,326 Camden 354,130 338,702 970,894 990,516 Trenton 645,831 500,668 1,592,834 1,386,146 Pennsylvania: Allen town 190,791 177,684 524,545 501,748 Altoona 59,494 55,815 167,166 157,941 Bethlehem 105,4o4 75,894 241,509 222,206 Chester 243,842 222,866 Harrisburg 24?; 646 sR'Jio 718,811 64?;411 Hazleton 38,466 33,809 109,836 99,268 Johnstown 81,278 76,202 226,273 221,942 Lancaster 155,183 232,893 435,109 392,849 Lebanon 37,321 35,828 Norristown 94,663 77,037 Philadelphia 3; 6a si',las 8,458,608 7,605,936 23,770,956 22,493,580 Reading 244,149 221,050 704,745 658,122 Scranton 150,075 136,510 415,498 397,854 Wilkes-Barre 139,769 103,048 373,528 338,440 Williamsport 48,967 45,380 138,671 134,087 York 147,328 136,687 416,906 410,755 DISTRICT NO. 4 - CLEVELAND 18,040,739 16,828,406 51,088,102 48,035,683 Kentucky: Covington-Newport 75,735 71,186 208,276 208,218 Lexington 183,803 182,206 530,414 529,644 Ohio: Akron 674,337 632,251 1,925,188 1,812,943 Canton 214,973 208,862 611,807 613,032 Cincinnati 2,071,346 1,891,176 5,784,286 5,659,513 Cleveland . 4,348,859 4,166,885 12,378,212 11,981,243 Columbus £/ 1,393,893 1,286,581 3,860,890 3,689,730 Dayton 665,638 580,620 1,805,260 1,649,940 Hamilton 89,524 79,455 240,949 227,019 Lima 78,857 77,319 238,462 231,007 Lorain 49,880 51,864 141,045 137,172 Mansfield 99,328 90,U9 267,336 260,165 Middletown 65,118 62,404 186,238 192,632 Portsmouth 35,729 35,351 96,877 99,270 Springfield 100,848 80,166 283,890 244,353 Steubenville 47,752 43,183 127,121 120,483 Toledo 942,103 884,596 2,565,142 2,632,971 Warren 92,824 93,369 258,255 266,043 Youngs town 314,357 265,886 797,033 746,888 Zanesville 41,076 42,895 116,997 117,825 Pennsylvania: Butler 64,720 55,765 172,234 163,165 Erie 174,415 160,201 504,244 481,389 Franklin 13,074 10,408 33,364 28,398 Greensburg 37,390 33,829 108,258 99,364 Oil City 27,991 27,527 81,948 83,795 Pittsburgh 6,006,699 5,588,037 Sharon 17,398,905 15,387,252 48,176 46,911 137,908 137,024 West Virginia: Wheeling 82,294 79,354 227,663 235,205 r/ Revised figures: Columbus, Ohio: March 1963, 1,318,090.