Changes in the Number and Size of Banks in the United States, 1834-1931

Series: Material prepared for the information of the Federal Reserve System

A digest of statistical material with reference to changes in the number and size of banks in the United States during the period 1834-1931. It compares the structure of the banking system in 1930 with that in 1920, and for the period 1921-1931 presents classified data describing the relative importance of certain factors of change in the banking structure, particularly the number of banks newly organized, bank consolidations, bank suspensions, and voluntary liquidations.

Appendix A: Statistical Tables and other information supporting the report on changes in the number and size of banks. It includes definitions of terms used in the report and 20 tables.
Appendix B: Digest of State Laws Relating to Private Banks or Bankers. It includes the laws listed by state as of February 15, 1931, having reference to the organization and operation of private banks or bankers.
Appendix C: Digest of Federal and State Laws Relating to Consolidation, Merger, etc., of Banks and/or Trust Companies. It includes laws in effect as of July 1, 1931.

The Federal Reserve Committee on Branch, Group, and Chain Banking was appointed by the Federal Reserve Board on February 26, 1930. The charge to the committee was "to assemble and digest information on branch banking as practiced in the United States and elsewhere, the unit banking system of the country, and the effect of ownership of bank stocks by investment trusts and holding corporations." Ten reports, a progress report and a summary report were completed by the committee. Committee members were E.A. Goldenweiser, Chairman, Director of Research and Statistics, Federal Reserve Board; Ira Clerk, Deputy Governor, Federal Reserve Bank of San Francisco; M.J. Fleming, Deputy Governor, Federal Reserve Bank of Cleveland; L.R. Rounds, Deputy Governor, Federal Reserve Bank of New York; and E.L. Smead, Chief, Division of Bank Operations, Federal Reserve Board. J.H. Riddle served as Executive Secretary and Director of Research.