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Supplement to BANKING & MONETARY STATISTICS SECTION 6 Bank Income BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM Preface In 1943 the Board of Governors published Banking and Monetary Statistics to make available in one place and on a uniform basis major series relating to banking, monetary, and other financial developments. The statistics usually covered the period from 1914, when the Federal Reserve System was established, through December 1941. To bring together for the period since 1941 the most important series in that volume, to revise the data previously published, and to present new series, the Board is publishing a series of pamphlets. Most of these pamphlets correspond to sections in Banking and Monetary Statistics, but some may cover new subjects. Most of the data included in these pamphlets have already been published in the Federal Reserve Bulletin, and current figures for most of the series are published in it each month. In some instances, however, the type of presentation may vary considerably from that in the Bulletin. This is one of the new pamphlets. As in Banking and Monetary Statistics, there is a brief description of the purpose and history of the data, the sources of the figures and the methods by which they were compiled, and other facts to guide the reader in using the figures. Much of the information that is customarily included in footnotes to tables has been incorporated in the text. Footnotes have been used for the most part to call the reader's attention to any lack of comparability of items over the period covered. Board of Governors of the Federal Reserve System Washington, D. C. December 1966 Price per copy, 35 cents Contents Page INTRODUCTION 1 COMPARABILITY OF DATA 1 THE 1941 CHANGE 2 Member banks 2 Insured commercial banks 2 THE 1961 CHANGE—ALL INSURED BANKS 2 1948 CHANGE TO RESERVE METHOD OF ACCOUNTING 3 INCOME AND OPERATING RATIOS OF MEMBER BANKS 4 KEY TO SYMBOLS USED IN TABLES 4 CHANGES IN 1961 IN CLASSIFICATION OF BANK EXPENSES 5 TABLES: 1. Member Bank Income, Expenses, and Dividends, 1941-65 2. Member Bank Income Ratios, 1941-65 3. Member Bank Income, Expenses, and Dividends, by Class of Bank, 1945, 1955, and 1965 4. Member Bank Income Ratios, by Class of Bank, 1945, 1955, and 1965 5. Member Bank Income, Expenses, and Dividends, by Federal Reserve District, 1965: A. All Banks B. Reserve City Banks C. Country Banks 6. Member Bank Income Ratios, by Federal Reserve District, 1965: A. All Banks B. Reserve City Banks C. Country Banks 7. Member Bank Income, Expenses, and Dividends, by Size of Bank, 1965 8. Member Bank Operating Ratios, by Size of Bank and by Ratio of Time to Total Deposits, 1965 9. Member Bank Operating Ratios, by Ratio of Time to Total Deposits, by Size of Bank, 1965 10. Member Bank Operating Ratios, by Federal Reserve District, 1965 11. Insured Commercial Bank Income, Expenses, and Dividends, 1941-65 12. Insured Commercial Bank Income, Expenses, and Dividends, by Size of Bank, 1965 6 9 12 14 16 17 18 19 20 21 22 23 24 25 26 29 6. Bank Income REPORTS OF BANK income and expenses are of value both to bank supervisors in reviewing the condition of individual banks and to bank officers and stockholders. Statistics compiled from these reports provide significant information for credit and fiscal authorities and for others concerned with general banking and credit developments. The level of bank income has a long-run bearing on the stability of the banking system. Banks should have sufficient revenue to (1) pay reasonable expenses, (2) retain sufficient funds to insulate capital against the losses that banks must anticipate, (3) maintain capital funds for the protection of depositors, and (4) provide capital as a basis for growth of the banking system. Income and prospects for income also determine whether an individual bank or the banking system as a whole can obtain new capital from the investment markets. Income statistics for all member banks of the Federal Reserve System (Tables 1-10) and for all insured commercial banks (Tables 11 and 12) are presented in this section. Details of income and expenses annually for the period 1941-65 are shown for both groups of banks. For member banks, there are additional breakdowns for 1965 that indicate the types of data available—such as by size of bank, or by class of bank and Federal Reserve district. For selected years a breakdown of member bank data by class of bank is shown. There are similar breakdowns for income ratios. For insured commercial banks, a breakdown of data is presented for 1965 by size of bank. There are no breakdowns here by type of bank (national or State) as there were in Banking and Monetary Statistics. Tables showing amounts of revenue and expenses include average annual amounts of assets, deposits, and capital accounts, except for Tables 7 and 12, which show data for size of bank as of the end of the year. Numbers of officers, employees, and banks are shown at year-end. The number of call reports on which the averages are based for each year of the period 1941— 65 are shown in the accompanying table. CALL REPORTS USED IN COMPUTING AVERAGE ASSET AND LIABILITY DATA Year No. of calls Date End of previous year, end of current year, and: Member banks: 1941 Calls for 3 intervening dates Calls for 2 intervening dates Calls for 1 intervening date Call for middle of current year, plus last-Wednesdayof-month figures for the 10 intervening months Calls for 2 intervening dates 1 Calls for 2 intervening dates 1942 43, 1945 1944, 1946 48, 1965 1949 60 1961 62' 1963-64 Insured commercial banks: 1941 62, 1964 65 1963 1 3 4 Call for 1 intervening date Calls for 2 intervening dates Fall of current year instead of end of year. Data for national member banks are based on annual income and dividend reports submitted to the Comptroller of the Currency; those for State member banks, on reports submitted to the Reserve Banks. Data for insured commercial banks are assembled by the Federal Deposit Insurance Corporation. COMPARABILITY OF DATA1 Two major changes in reporting instructions— in 1941 and in 1961—and one major change 1 For 1963 65, data for national banks have been adjusted to make them comparable with State member bank data. Revenue and expenses incident to Federal funds transactions have been classified as interest and discount on loans and as interest on borrowed money, respectively. 6. Bank Income REPORTS OF BANK income and expenses are of value both to bank supervisors in reviewing the condition of individual banks and to bank officers and stockholders. Statistics compiled from these reports provide significant information for credit and fiscal authorities and for others concerned with general banking and credit developments. The level of bank income has a long-run bearing on the stability of the banking system. Banks should have sufficient revenue to (1) pay reasonable expenses, (2) retain sufficient funds to insulate capital against the losses that banks must anticipate, (3) maintain capital funds for the protection of depositors, and (4) provide capital as a basis for growth of the banking system. Income and prospects for income also determine whether an individual bank or the banking system as a whole can obtain new capital from the investment markets. Income statistics for all member banks of the Federal Reserve System (Tables 1-10) and for all insured commercial banks (Tables 11 and 12) are presented in this section. Details of income and expenses annually for the period 1941-65 are shown for both groups of banks. For member banks, there are additional breakdowns for 1965 that indicate the types of data available—such as by size of bank, or by class of bank and Federal Reserve district. For selected years a breakdown of member bank data by class of bank is shown. There are similar breakdowns for income ratios. For insured commercial banks, a breakdown of data is presented for 1965 by size of bank. There are no breakdowns here by type of bank (national or State) as there were in Banking and Monetary Statistics. Tables showing amounts of revenue and expenses include average annual amounts of assets, deposits, and capital accounts, except for Tables 7 and 12, which show data for size of bank as of the end of the year. Numbers of officers, employees, and banks are shown at year-end. The number of call reports on which the averages are based for each year of the period 1941— 65 are shown in the accompanying table. CALL REPORTS USED IN COMPUTING AVERAGE ASSET AND LIABILITY DATA No. of calls Year Date End of previous year, end of current year, and: Member banks: 1941 1942 43, 1945 1944, 1946 48, 1965 1949 60 Calls for 3 intervening dates Calls for 2 intervening dates Calls for 1 intervening date Call for middle of current year, plus last-Wednesdayof-month figures for the 10 intervening months Calls for 2 intervening dates 1 Calls for 2 intervening dates 1961 62' 1963 64 Insured commercial banks: 1941 62, 1964 65 1963 1 ! I 3 4 Call for 1 intervening date Calls for 2 intervening dates Fall of current year instead of end of year. Data for national member banks are based on annual income and dividend reports submitted to the Comptroller of the Currency; those for State member banks, on reports submitted to the Reserve Banks. Data for insured commercial banks are assembled by the Federal Deposit Insurance Corporation. COMPARABILITY OF DATA' Two major changes in reporting instructions— in 1941 and in 1961—and one major change 1 For 1963 65, data for national banks have been adjusted to make them comparable with State member bank data. Revenue and expenses incident to Federal funds transactions have been classified as interest and discount on loans and as interest on borrowed money, respectively. in accounting procedure—in 1948—affect the comparability of the data in tables shown here with those that were published in Banking and Monetary Statistics and with those published annually in the Federal Reserve Bulletin, usually in the May issue. Changes in 1941 and comparability of the new series with figures through 1941 as published previously by the Board of Governors are discussed separately below for member banks and for insured commercial banks. Later paragraphs describe the changes in 1961 and how they affected figures beginning in 1961 for both of these classes of banks. Still later paragraphs discuss the effects of the change in accounting methods in 1948. THE 1941 CHANGE—MEMBER BANKS "Other charges on loans" were included in "collection charges, commissions, fees, etc.," in the figures for 1941 published in Banking and Monetary Statistics, but are included here in "other charges, fees, etc." Beginning with 1942, they have been shown separately, and they appear under this caption throughout the period beginning with 1942 in the accompanying tables. "Foreign department" income, shown as a separate item in 1941, is included in "other current revenue." "Real estate taxes" and "other taxes" (including taxes on net income) were shown separately in 1941 but are included here in "other current expenses." In 1942, these taxes were separated into two parts: (a) "taxes on net income," which have been shown as a separate item since that time, and as a deduction from net current earnings rather than an expense, and (b) "taxes other than income"; these were shown as a separate item until 1961, but they are included in the accompanying tables in "other current expenses" because they were no longer available separately after the 1961 revision, as indicated later. "Rent received" was shown as a separate item in 1941, but is included here for the period 1941—60 in "other current revenue." "Recurring depreciation" on real estate was included under "losses and depreciation on banking house and equipment" in 1941, but is included here for the period 1942—60 in "other current expenses." THE 1941 CHANGE—INSURED COMMERCIAL BANKS "Service charges on deposits" were included in "collection and service charges, commissions, fees, etc." in Banking and Monetary Statistics in 1941 but are included here in "other charges, fees, etc." Beginning with 1942 they have been shown separately. "Other charges on loans" were included in "interest and discount on loans" in 1941, but in succeeding years have been shown separately. "Trust department" income was included in "other current revenue" in 1941, but beginning with 1942 has been shown separately. "Rent received" is included in "other current revenue" for the period 1941-60. "Taxes on net income" were shown as "taxes" in 1941 and earlier years. They have been estimated for 1941 in Table 12. Since then they have been reported separately. Throughout the period 1941-65 they have been treated as a deduction from net current earnings rather than an expense, as shown in Banking and Monetary Statistics. "Recurring depreciation"—formerly shown as part of "all other" losses and depreciation— is included here in "other current expenses" for the period 1941-60. THE 1961 CHANGE—ALL INSURED BANKS Beginning in 1961 the form used by banks in reporting certain items of income and expenses was revised, and as a result the following items shown in the accompanying tables are not entirely comparable with those for earlier years: (1) salaries—officers; (2) salaries and wages —others; (3) other current operating expenses; and (4) other current operating revenues. As a result of the changes in the composition of the above items and other reporting changes, the following expense items are available separately beginning with 1961: (1) officer and employee benefits; (2) net occupancy expense; and (3) furniture and equipment. Two other items formerly available separately are combined with other items beginning with 1961: (1) taxes other than on net income, which are now included in other current expenses (with certain exceptions); and (2) recurring depreciation, which is now included in the items furniture and equipment and net occupancy expense. The table on page 5 shows in detail all of the changes made in 1961, including the change in treatment of rental income. 1948 CHANGE TO RESERVE METHOD OF ACCOUNTING For several years during the early part of the period covered by this section, Federal tax law permitted commercial banks to set up "reasonable" reserves for bad debt losses out of taxable income, subject to interpretation of the word "reasonable" in the light of the circumstances surrounding each particular case. In December 1947 a ruling by the Commissioner of Internal Revenue provided a fixed formula, based on a bank's prior experience, for determining allowable deductions from taxable income for the setting up and maintenance of reserves for bad debt losses on loans. With certain exceptions, the amounts that might be set up were limited to three times the annual allowable deduction. This formula has undergone some modification over the period since 1947. In 1965 the ruling was revised to provide for accumulation of such reserves up to a fixed percentage of total loans. As of the end of 1964, 67 per cent of the 6,225 member banks were using the reserve method of accounting for bad debt losses on loans. Comparable percentages for years prior to the ruling, were they available, doubtless would be quite small. Although net income reported by member banks is reduced somewhat while such reserves are being built up, the long-term tendency is to modify the fluctuations in net income that result from losses on loans. In other words, by using the reserve method, banks build up reserves during prosperous years to offset possible losses in other years. It should be noted, however, that the longterm smoothing of net income through use of a reserve method of providing for losses does not preclude using figures for these reserves in analyzing losses as they occur. For such purposes, it is necessary to combine (1) losses charged against the current year's net income by banks that do not use the reserve method and (2) losses that do not directly affect the current year's net income of other banks because they are charges against reserve accounts—with the realization, of course, that the latter losses were provided for by charges against net income in prior years. Figures in the income tables published in the annual Bulletin article represent condensations of figures published herein, as described below: 1. Recoveries on securities and loans as shown in the summary tables are obtained by combining the recoveries credited to net income and the recoveries credited to valuation reserves (these are shown as memoranda in the detailed tables here). The combined figures represent the gross recoveries of member banks during the year regardless of the accounting methods of the individual banks. 2. Likewise, losses on securities and loans shown in the summary tables in the Bulletin article are a combination of the losses charged against net income and the losses charged to valuation reserves (shown as memoranda in the detailed tables here). These totals represent the gross losses of member banks during the year regardless of the accounting methods of the individual banks. 3. The items of net additions to valuation reserves on securities and loans represent the combination of four amounts: the sum of the two items that increase valuation reserves (transfers to the reserves reported in the body of the detailed tables, plus recoveries credited to the reserves reported as memoranda) less the sum of the two items that decrease valuation reserves (transfers from the reserves reported in the body of the detailed tables, plus losses charged to the reserves reported as memoranda)INCOME AND OPERATING RATIOS OF MEMBER BANKS. There are important differences between the two types of ratios presented here. Tables 2, 4, and 6 present income ratios, which reflect relationships between aggregate dollar figures of various groups of banks; Tables 8—10 present what are often referred to as "operating ratios"—that is, arithmetic averages of ratios computed for individual banks. These two types of ratios sometimes show wide variations, owing to differences in relative weights of banks of different size: average operating ratios assign an equal weight to each bank regardless of its size, whereas ratios computed from aggregate dollar figures reflect primarily the performance or position of those banks (usually a very small number) whose figures are disproportionately large. Averages of individual ratios are useful primarily for studying the financial results of operations of individual banks, while ratios based on aggregates show results for the banking system as a whole and, broadly speaking, are the more significant for purposes of credit and monetary analysis. KEY TO SYMBOLS USED IN TABLES Zero; Amounts insignificant in terms of the particular unit (e.g., less than 500,000 when the unit is millions); or No figure to be expected (e.g., one or more series in a table may start at a later date than others shown). CHANGES IN 1961 IN CLASSIFICATION OF BANK EXPENSES Type of item Previous reporting procedure Present reporting procedure Salaries and wages (including bonuses and other extra compensation) of officers and employees working on bank building or related housekeeping functions Combined with salaries and wages of other bank officers and employees Reported as separate item under occupancy expense Taxes related to salaries and wages paid by the bank on its own account, e.g., social security and unemployment taxes, etc. Included in taxes other than income Other expenses of employee benefits except taxes and direct compensation paid by the bank, e.g., hospitalization and life insurance premiums, pension contributions, cost of medical services, net cost of restaurant, etc. Included in other operating expenses Recurring depreciation on bank premises and leasehold improvements Recurring depreciation on furniture and equipment current All recurring depreciation combined in a separate item Maintenance, repairs, and uncapitalized alteration costs of bank premises and leasehold improvements Reported as separate item under occupancy expense Included as a separate item, furniture and equipment expense Other furniture and equipment expense, e.g., servicing, maintenance, rentals paid, uncapitalized costs, etc. Rent paid on bank premises Officer and employee benefits shown as a separate item; expenses related to building officers and employees shown separately under occupancy expense Included in other current operating expense Reported as separate items under occupancy expense Insurance, utilities (heat, light, water), etc. Taxes on bank premises and leasehold im- " J provements Taxes other than those related to officers and employees and to furniture and j equipment or bank premises and leasehold improvements, e.g., franchise taxes and taxes on other real estate J Included in taxes other than income Included in other current operating expenses Included in other current operating revenue Deducted from gross occupancy expense to derive net occupancy expense Current operating revenue item reclassified as offset to expenses: Rental income from bank premises and other credits such as income from bank premises affiliate 1. MEMBER BANK INCOME, EXPENSES, AND DIVIDENDS, 1941-65 (Income and expense items in thousands of dollars; asset and liability items in millions of dollars) Item Revenue Interest and dividends on securities: U.S. Govt Other Interest and discount on loans Other charges on loans Service charges on deposits Other charges, fees, etc Trust department Other current revenue 1941 1,416,866 1942 I 486,734 1943 1,650,170 1947 1948 1949 1,873,768 | 2,102,177 2,402,532 2,578,629 2,828,342 2,985,639 996,802 959,787 ! 139,368 548,274 571,776 14,900 16,386 85,500 87,499 63,833 53,206 104,333 112,134 107,768 114,379 1,053,532 147,586 760,668 11,717 99,634 67,827 131,195 130,373 920,821 149,166 1,028,863 14,855 119,254 65,803 135,934 143,933 854,803 157,844 1,289,454 18,331 141,133 65,329 147,513 153,935 859,218 168,502 1,405,636 21,434 157,957 64,497 151,384 157,012 1944 1945 1946 64,869 37,799 93,116 110,649 539,673 639,721 9,040 68,177 36,271 91,925 101,927 765,828 552,128 10,849 76,407 45,137 96,333 103,488 987,917 163,264 262,639 1,001,556 169,912 290,625 1,038,787 174,877 312,125 1,126,733 187,503 337,440 1,267,633 208,237 371,374 1,468,550 242,422 457,020 1,649,980 269,456 527,525 1,795,225 297,325 578,468 1,888,915 318,189 607,927 12,401 211,603 2,175 13,731 235,948 2,461 14,910 250,487 3,133 16,064 261,102 3,336 t 445,281 665,152 Expenses Salaries—officers Salaries and wages—others Officer and employee benefits Directors' fees, etc Interest on time deposits Interest on borrowed money Net occupancy expense Furniture and equipment Other current expenses 8,169 139,930 124 8,539 128,289 110 8,706 123,707 353 9,514 144,103 967 10,757 182,874 2,286 413,791 404,081 419,019 447,206 492,105 542,929 600,859 650,902 682,297 Net current earnings before income taxes. 428,949 485,178 611,383 747,035 834,544 933,982 928,649 1,033,117 1,096,724 278,339 188,466 232,065 242,523 182,476 54,754 / 26,477 40,358 1 23,363 63,943 13,447 22,289 / 59,082 \ 42,978 33,908 45,547 58,474 18,125 24,918 39,753 421,175 317,875 68,334 35,521 30,857 28,004 / 23,784 102,653 1 247,178 46,358 47,210 19,152 191,254 48,607 Recoveries, transfers from reserves, and profits On securities: Profits on securities Recoveries Transfers from reserves On loans: Recoveries Transfers from reserves All other Losses, charge-offs, and transfers to reserves On securities: Sold Charge-offs prior to sale Transfers to reserves On loans: Losses and charge-offs Transfers to reserves All other Net income before related taxes 312,333 318,133 453,785 355,805 128,956 59,911 j 93,854 \ 63,989 48,301 ! 81,812 116,267 82,821 238,835 113,221 183,010 53,587 } 58,905 26,489 55,903 | 72,533 72,540 24,351 i ! 64,134 46,505 55,918 45,811 63,742 55,466 89,647 317,525 223,050 250,972 232,183 229,856 246,962 251,205 > 137,731 j 102,691 101,559 97,146 117,785 115,455 101,342 I ) 83,590 96,204 64,770 63,360 55,589 86,053 60,283 74,754 46,541 65,530 61,492 70,015 389,763 450,594 672,744 832,985 1,058,473 1,042,825 909,509 854,465 961,325 67,530 67,530 115,491 102,976 12,515 183,715 169,136 14,579 270,062 250,281 19,781 285,026 264,512 20,514 256,518 239,481 17,037 233,556 218,711 14,845 275,066 257,069 17,997 Taxes on net income. Federal State Net income 389,763 383,064 557,253 649,270 788,411 757,799 652,991 620,909 686,259 Cash dividends declared On preferred stock * On common stock 210,618 12,745 197,873 203,007 11,090 191,917 208,368 10,828 197,540 226,002 9,687 216,315 245,934 8,262 237,672 266,647 5,873 260,774 280,942 4,304 276,638 293,818 3,866 289,952 312,666 3,488 309,178 7,017 9,305 2,399 17,512 17,079 39,645 5,144 61,857 Memoranda items: Recoveries credited to reserves: 2 On securities On loans Losses charged to reserves: 3 On securities On loans Assets, deposits, and capital accounts: Loans U.S. Govt. securities Other securities Cash assets 4 Other assets 16,699 17,753 5,994 23,062 1,536 17,218 25,408 5,842 22,705 1,437 16,229 48,182 5,286 23,243 1,359 17,682 60,324 5,131 24,482 1,301 19,815 71,795 5,566 26,700 1,256 24,258 71,217 6,384 29,171 1,285 29,326 60,051 6,959 30,375 1,321 34,187 54,736 7,382 32,450 1,496 35,249 54,063 7,847 30,098 1,554 Total assets. 65,044 72,610 94,299 108,920 125,132 132,315 128,033 130,250 128,810 Time deposits Total deposits Total capital accounts 4 12,458 58,717 5,798 12,413 66,103 5,977 14,176 87,381 6,304 17,198 101,484 6,712 21,487 116,983 7,243 25,905 123,453 7,868 27,905 118,711 8,291 28,721 120.447 8,630 29,145 118,264 8,999 36,476 176,466 35,604 182,023 36,398 190,354 37,693 193,279 39,903 207,460 42,512 230,442 44,960 241,011 46,278 247,628 47,454 250,367 6,619 6,679 6,738 6,814 6,884 6,900 6,923 6,918 6,892 Number of officers . . . . Number of employees. Number of banks For notes see p. 8. 1. MEMBER BANK INCOME, EXPENSES, AND DIVIDENDS, 1941-65 — Continued (Income and expense items in thousands of dollars; asset and liability items in millions of dollars) 1950 1951 1952 1954 1953 1955 1956 6,770,958 Revenue Interest and dividends on securities: U.S. Govt Other Interest and discount on loans Other charges on loans Service charges on deposits Other charges, fees, etc Trust department Other current revenue 3,264,686 3,668,715 4,119,649 4,590,236 4,826,113 5,342,589 865,063 190,173 1,607,967 26,068 172,489 70,754 170,519 161,655 831,920 210,766 1,974,325 28,670 186,872 79,003 182,421 174,737 929,307 234,528 2,269,944 35,936 197,734 82,871 194,430 174,901 1,011,000 251,777 2,591,483 40,538 218,831 92,324 207,218 177,065 1,066,379 272,808 2,662,168 49,079 252,266 102,484 235,655 185,274 1,118,106 1,100,589 1,167,739 339,451 295,606 307,846 3,021,843 3,662,480 4,136,112 71,803 62,685 61,362 354,187 310,165 274,024 136,558 121,585 109,755 340,234 309,105 266,992 224,875 203,719 194,902 Expenses Salaries—officers Salaries and wages—others Officer and employee benefits Directors' fees, etc Interest on time deposits Interest on borrowed money Net occupancy expense Furniture and equipment Other current expenses 2,019,746 344,777 655,151 2,231,946 375,298 750,039 2,501,091 408,330 835,300 2,781,518 447,142 924,348 2,998,535 478,877 983,820 3,265,126 3,679,898 4,222,375 511,736 553,292 592.380 1,059,667 1,181,906 1,284,885 17,449 271,016 3,895 19,150 305,536 9,077 21,514 364,503 19,825 23,714 424,738 22,657 25,541 493,649 7,985 727,458 772,847 851,619 938,920 1,008,662 1,101,471 1,222,066 1,339,180 Net current earnings before income taxes. 1,244,941 1,436,769 1,618,558 1,808,718 1,827,578 2,077,463 2,398,275 2,548,583 148,624 125,008 132,274 551,971 212,508 225,807 169,938 51,881 13,531 10,936 29,047 9,954 19,646 34,603 9,847 25,877 374,610 11,709 43,142 50,668 18,317 37,547 27,526 12,578 39,745 57,162 8,190 19,345 22,548 26,960 37,327 17,577 25,622 29,076 16,966 24,734 24,660 23,158 15,729 23,060 27,353 54,558 40,599 20,741 47,728 37,508 14,309 73,279 58,370 14,037 36,848 34,357 313,661 338,857 306,381 383,477 479,263 613,959 879,830 655,063 32,623 50,933 72,103 28,418 83,851 27,040 139,880 48,299 58,549 118,857 195,493 63,086 276,573 97,001 206,908 78,269 14,269 166,272 49,565 13,555 180,034 44,747 15,652 132,896 46,942 20,416 111,976J 62,906 17,7711 196J40 1 87,946 17,843 265,632 71,904 21,851 407,544 76,862 15,675 280,887 73,324 Recoveries, transfers from reserves, and profits On securities: Profits on securities Recoveries Transfers from reserves On loans: Recoveries Transfers from reserves All other Losses, charge-offs, and transfers to reserves On securities: Sold Charge-offs prior to sale Transfers to reserves On loans: Losses and charge-offs Transfers to reserves All other 218,570 82,149 12,789 36,799 I 27,189 543,122 21,942 6,078,173 1957 29,161 649,679 43,793 30,856 927,199 47,875 1,149,850 1,246,536 1,437,185 1,557,515 1,900,286 1,676,013 1,744,253 2,063,459 Taxes on net income. Federal State 369,060 346,909 22,151 490,919 465,480 25,439 607,850 578,682 29,168 692,252 660,206 32,045 804,188 762,686 41,502 690,770 655,361 35,410 717,688 677,206 40,482 894,515 848,679 45,836 Net income 780,790 755,617 829,335 865,263 1,096,099 985,242 1,026,565 1,168,944 Cash dividends declared On preferred stock ' On common stock 345,522 2,835 342,687 370,504 2,587 367,917 390,430 2,310 388,121 418,652 1,955 416,697 456,145 2,030 454,116 500,941 1,730 499,211 546,931 1,592 545,339 603,767 1,485 602,282 Net income before related taxes. Memoranda items: Recoveries credited to reserves: On securities On loans Losses charged to reserves: 3 On securities On loans 3,036 17,016 2,085 25,054 4,308 28,088 767 28,930 2,936 34,682 2,719 33,589 3,185 35,443 5,808 46,329 15,919 55,581 j 24,642 54,938 33,926 74,494 15,247 74,746 65,502 75,669 92,830 108,536 Assets, deposits, and capital accounts: Loans U.S. Govt. securities Other securities Cash assets 4 Other assets 39,098 54,916 9,398 29,854 1,622 47,016 50,075 10,583 33,727 1,811 51,169 51,811 11,557 35,564 1,977 56,142 51,091 1 1,923 35,608 2,049 57,513 54,485 12,844 35,774 2,306 64,651 53,453 13,876 36,047 2,620 74,279 47,554 13,421 36,924 2,883 Total assets 134,889 143,212 152,079 156,813 162,921 170,646 175,061 179,568 Time deposits Total deposits Total capital accounts 1 . . 29,506 123,559 9,455 30,074 130,760 9,947 32,120 138,398 10,480 32,647 142,380 11,043 38,053 148,198 11,724 39,983 154,464 12,499 41,200 157,561 13,270 44,596 160,753 14,108 48,967 263,643! 50,553 282,266 52,652 300,868 54,639 315,972| 56,541 323,945 58,623 342,181 61,325 363,639 63,410 378,317 6,798 6,743 6,660 6,543 6,462 6,393 Number of officers Number of employees Number of banks.. For notes sec p. 8. 6,873; 6,840! I 1. MEMBER BANK INCOME, EXPENSES, AND DIVIDENDS, 1941-65 — Continued (Income and expense items in thousands of dollars; asset and liability items in millions of dollars) Item 1958 1959 1960 1961 1962 1963 1964 1965 Revenue Interest and dividends on securities: U.S. Govt Other Interest and discount on loans Other charges on loans Service charges on deposits Other charges, fees, etc Trust department Other current revenue 7,126,594 8,074,868 8,927,868 9,216,795 10,153,594 11,169,491 12,385,803 13,841,782 1,266,176 411,403 4,245,404 80,902 388,500 139,686 364,360 230,163 1,398,835 444,652 4,925,848 95,397 421,689 149,399 408,503 230,545 1,414,361 467,351 5,640,438 89,469 463,666 162,140 442,083 248,360 1,537,142 513,410 5,773,423 96,221 494,535 164,256 483,580 154,228 1,686,765 629,130 6,319,741 115,200 532,409 175,259 529,701 165,389 1,725,561 773,150 7,072,778 127,034 567,68! 180,270 556,684 166,33: Expenses Salaries—officers Salaries and wages—others. . . Officer and employee benefits. Directors' fees, etc Interest on time deposits Interest on borrowed money. . Net occupancy expense Furniture and equipment Other current expenses 4,616,925 632,081 1,349,170 5,139,614 680,090 1,438,261 5,654,675 731,508 1,557,204 32,485 1,123,415 23,183 34 586 1,279,719 75,898 36,884 1,434,259 84,220 1,456,5911 1,631,060 1,810,600 6,073,550 778,428 1,585,010 330,584 38,844 1,720,414 36,402 423,592 179,876 980,400 7,041,375 830,300 1,671,111 363,561 40,692 2,358,132 62,542 458,634 217,703 1,038,700 7,930,985 8,894,583 10,206,320 968,442 1,047,366 892,580 1,768,197 1,871,935 1,976,578 448,318 393,150 420,078 48,610 43,230 45,855 2,857,600 3,383,524 4,214,144 183,695 104,074 122,054 598,174 500,550 549,756 333,664 296,599 254,865 1,116,739 1,236,340 1,355,771 Net current earnings before income taxes. . . 2,509,669 2,935,254 3,273,193 3,143,245 3,112,219 3,238,506 3,491,220 3,635,462 777,390 296,179 503,710 627,393 396,291 409,072 274,775 329,907 611,514 8,157 54,261 41,693 25,448 106,235 283,991 10,336 51,287 402,424 7,133 79,598 216,336 4,377 50,147 140,361 2,902 56,705 58,301 5,473 53,978 67,456 5,133 90,954 15,848 39,679 47,931 13,892 53,173 55,738 19,883 66,545 71,668 10,230 47,237 80,771 10,035 51,859 63,537 10,551 124,361 74,192 10,369 56,385 90,269 10,524 73,105 82,735 681,456 1,199,926 847,465 808,173 703,795 737,728 845,272 982,477 51,169 9,230 84,632 42,929 9,917 56,646 79,732 8,378 65,260 70,068 4,850 54,176 16,165 516,448 95,623 16,845 551,796 123,261 19,302 723,997 110,084 Recoveries, transfers from reserves, and profits On securities: Profits on securities Recoveries Transfers from reserves On loans: Recoveries Transfers from reserves All other Losses, charge-offs, and transfers to reserves On securities: Sold Charge-offs prior to sale Transfers to reserves On loans: Losses and charge-offs Transfers to reserves All other 74,869 253,282 666,514 157,997 195,526 142,435 32,174 18,200 210,042 15,109 240,813 97,383 15,382 273,068 86,965 22,813 389,856 96,835 21,051 417,095 109,611 16,825 451,526 90,413 1,741,509 1,686,444 911,252 1,078,870 7,970,810 9,127,320 140,430 167,776 607,193 653,233 207,184 223,910 611,043 667,907 196,382 236,322 Net income before related taxes 2,605,603 2,031,507 2,929,438 2,962,465 2,804,715 2,909,850 2,920,723 2,982,892 Taxes on net income. Federal State 1,148,409 [,081,498 66,911 774,622 728,418 46,204 1,240,662 1,165,534 75,128 1,250,492 1,170,215 80,277 1,109,798 1,021,782 88,016 1,078,789 991,081 87,708 Net income. 1,457,194 1,256,885 1,688,776 1,711,973 1,694,917 1,831,061 646,178 1,566 644,612 689,721 1,461 688,260 734,830 1,173 733,657 792,635 1,113 791,522 831,955 1,064 830,891 877,770 2,578 875,192 960,847 24,270 936,577 1,057,517 52,248 1,005,269 8,919 61,132 2,848 66,050 16,476 58,052 10,510 67,224 5,724 81,604 4,136 139,413 3,703 100,276 18,823 109,169 195,044 101,989 43,652 233,782 18,350 212,941 14,860 273,439 42,030 319,906 21,338 346,200 80,819 51,604 15,721 37,916 3,893 88,848 50,125 16,476 38,402 4,047 96,671 45,609 16,018 39,063 4,719 100,446 50,415 17,660 41,068 5,508 122,732 51,043 26,321 44,968 6,594 137,915 47,945 30,307 47,698 7,471 158,774 45,702 34,658 51,916 8,475 Total assets. . 189,953 197,898 202,080 215,097 231,746 251,657 271,336 299,525 Time deposits Total deposits Total capital accounts 4 51,054 170,058 15,086 54,142 176,303 15,898 55,598 177,862 16,820 63,099 189,983 17,917 73,097 205,029 19,066 85,505 221,479 20,266 97,538 238,862 21,932 112,962 263,661 24,050 65,694 381,086 68,072 399,285 71,698 418,339 74,734 410,080 78,406 420,886 82,045 433,299 87,087 444,016 91,419 459,882 6,312 6,233 6,174 6,113 6,047 6,108 6,225 6,221 Cash dividends declared. On preferred stock ! . On common stock. . . Memoranda items: Recoveries credited to reserves: 2 On securities On loans Losses charged to reserves: 3 On securities On loans Assets, deposits, and capital accounts: Loans U.S. Govt. securities Other securities Cash assets 4 Other assets Number of officers... . Number of employees. Number of banks 1 Includes interest on capital notes and debentures. Not included in recoveries shown above. Not included in losses shown above. 4 Cash assets are composed of cash, balances with other banks (including reserve balances), and cash items in process of collection. Total capital accounts are composed of the aggregate book value of capital stock, capi2 3 997,626 909,928 87,698 879,965 788,710 91,255 1,923,097 2,102,927 tal notes and debentures, surplus, undivided profits, reserves for contingencies, and other capital reserves. NOTE.—See text for effect of changes affecting comparability of items. Data for assets and liabilities are averages for various call dates; see text p. 1. Other data are end-of-year. 2. MEMBER BANK INCOME RATIOS, 1941-65 (Computed from aggregate dollar amounts) Item 1941 Percentage of total assets: Total operating revenue Net current earnings before income taxes Net income Sources and disposition of income: Percentage of total operating revenue: Interest and dividends on: U S Govt securities Other securities Revenue on loans Service charges on deposit accounts All other revenue 1944 1945 1946 1947 8.1 7.5 6.4 3.4 9.7 10.7 8.8 3.3 11.1 12.4 9.7 3.4 11.5 14.6 10.9 3.4 11.9 13.3 9.6 3.4 11.2 11.0 7.9 3.4 2.18 .66 .60 Net current earnings before income taxes Net income before related taxes Net i n c o m e . . . . . . . . . Cash dividends declared 1943 7.4 6.7 6.7 3.6 Summary ratios: Percentage of total capital accounts: 1942 2.05 .67 .53 1.75 .65 .59 2.31 .85 .53 30.2 5.6 46.2 5.0 13.0 28.8 5.6 47.8 5.3 12.5 100.0 100.0 100.0 100.0 100.0 100.0 28.0 27.6 29.1 30.9 31.0 31.0 7.5 7.7 8.7 8.8 9.2 8.9 8.8 27.8 26.0 24.4 24.0 23.2 23.9 23.6 23.5 69.7 67.4 63.0 60.1 60.3 61.1 64.0 63.5 63.3 30.3 32.6 37.0 39.9 39.7 38.9 36.0 36.5 36.7 2.8 2.3 4.5 25.8 + 3.8 + 4.6 9.8 34.7 + 10.7 12.9 37.5 + 4.5 .7 10.0 25.3 6.3 8.2 22.0 4.5 9.2 23.0 46.4 34.1 4.6 14.9 51.2 30.1 4.6 14.1 100.0 100.0 100.0 30.0 31.0 29.5 9.9 8.6 29.8 Total expenses Net current earnings before income taxes.... Total revenue Salaries and wages Officer and employee benefits Interest on time deposits Net occupancy expense Other current expenses and profits -f) Taxes on net income Net income after taxes 27.5 Rates of return (per cent) on securities and loans: Return on securities: Interest on U.S. Govt. securities Interest and dividends on other securities Net losses (or recoveries and profits + ) 1 7.0 33.8 / 1 .... . . Other ratios (per cent): Total capital accounts to: Total assets Total assets less U.S. Govt. securities and cash assets Total deposits Time to total deposits . .... Interest on time deposits to time deposits 1.88 1.73 1.43 + .02 +.14 / 1.47 \ +.16 3 77 .15 \ +.23 3 98 Return on loans: Revenue on loans Net losses (or recoveries + ) 1 2.17 .79 .47 35.7 5.8 40.5 4.6 13.4 36.3 43.6 4.6 15.5 For notes see p. 2.01 .72 .51 12.2 10.7 7.6 3.5 43.9 6.1 32.2 4.1 13.7 47.0 4.6 17.0 Number of banks 1.82 .71 .57 12.0 9.9 7.2 3.4 1949 47.4 6.6 28.0 4.2 13.8 } ,M Distribution of assets: Percentage of total assets: U S. Govt. securities Other securities Loans Cash assets . Other assets 1.68 .67 .63 1.72 .69 .60 1948 .05 3 47 +.06 27.3 92 25.7 35 4 35.0 80 23.7 31 3 51.1 56 17.2 24 6 2.4 2.0 1.5 11.9 31.5 1.39 2.50 + .30 +.16 +.04 + 00 + .07 +.07 2 97 T1T5 3 18 + .01 3 55 3 82 4 04 .15 .06 .12 55.4 47 16.2 22.5 1 2 57.4 44 15.8 21.3 53.8 48 18.3 22.0 46.9 54 22.9 23.7 1.1 1.1 1.1 3.19 1.48 2.31 1.53 2.14 1.56 2.14 42.0 5.7 26.2 24.9 1.2 1.58 2.15 42.0 6 1 27.4 23.3 1.2 89 82 67 62 58 59 6.5 66 70 23 9 9.9 24 4 9.0 27 6 7.2 27.8 6.6 27 2 6.2 24 6 6.4 22 0 7.0 20.0 7.2 20 2 7.6 21.2 ...2 18.8 1.03 16.2 .87 16.9 .84 18.4 .85 21.0 .82 23.5 .84 23.8 .87 24.6 .90 6,619 6,679 6,738 6,814 6,884 6,900 6,923 6,918 6,892 2. MEMBER BANK INCOME RATIOS, 1941-65 (Computed from aggregate dollar amounts) Item Summary ratios: Percentage of total capital accounts: Net current earnings before income taxes Net income before related taxes Net income Cash dividends declared Percentage of total assets: Total operating revenue Net current earnings before income taxes. Net income Sources and disposition of income: Percentage of total operating revenue: Interest and dividends on: U.S. Govt. securities Other securities Revenue on loans Service charges on deposit accounts All other revenue 1941 7.4 6.7 6.7 3.6 31.4 47.0 4.6 17.0 1943 9.7 10.7 8.8 3.3 2.18 .66 .60 1.75 .65 .59 1944 11.1 12.4 9.7 3.4 1.72 .69 .60 1945 11.5 14.6 10.9 3.4 1.68 .67 .63 1946 11.9 13.3 9.6 3.4 1.82 .71 .57 1947 11.2 11.0 7.9 3.4 2.01 .72 .51 1948 12.0 9.9 7.2 3.4 2.17 .79 .47 1949 12.2 10.7 7.6 3.5 2.31 .85 .53 36.3 43.6 4.6 15.5 46.4 34.1 4.6 14.9 51.2 30.1 4.6 14.1 47.4 6.6 28.0 4.2 13.8 43.9 6.1 32.2 4.1 13.7 35.7 5.8 40.5 4.6 13.4 30.2 5.6 46.2 5.0 13.0 28.8 5.6 47.8 5.3 12.5 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 30.0 31.0 29.5 28.0 27.6 29.1 30.9 31.0 31.0 9.9 8.6 7.5 7.7 8.7 9.2 8.9 Total revenue. Salaries and wages Officer and employee benefits. Interest on time deposits Net occupancy expense Other current expenses 1942 8.8 ' 29.8' "27.8' "26.6' 24.4 24.6 23.2 "2V.9' 23.6 "23*. 5' Total expenses 69.7 67.4 63.0 60.1 60.3 61.1 64.0 63.5 63.3 Net current earnings before income taxes... 30.3 32.6 37.0 39.9 39.7 38.9 36.0 36.5 36.7 Net losses including transfers (or recoveries and profits + ) Taxes on net income Net income after taxes 2.8 2.3 4.5 25.8 + 3.8 7.0 33.8 + 4.6 + 10.7 12.9 37.5 +4.5 27.5 .7 10.0 25.3 6.3 8.2 22.0 4.5 9.2 23.0 Rates of return (per cent) on securities and loans: Return on securities: Interest on U.S. Govt. securities Interest and dividends on other securities Net losses (or recoveries and profits -(-)' Return on loans: Revenue on loans Net losses (or recoveries + )1 . . . 9.8 34.7 1.88 1.73 1.43 1.47 +.23 +.02 +.14 +.16 1.39 2.50 + .30 3.98 .15 3.77 .05 3.47 +.06 3.19 2.97 +.07 11.9 31.5 1.48 2.31 1.53 2.14 1.56 2.14 1.58 2.15 +.16 +.04 + 00 + .07 3.18 + .01 3.55 .15 3.82 .06 4.04 .12 Distribution of assets: Percentage of total assets: U.S. Govt. securities Other securities Loans Cash assets Other assets 27.3 9.2 25.7 35.4 2.4 35.0 8.0 23.7 31.3 2.0 Other ratios (per cent): Total capital accounts to: Total assets Total assets less U.S. Govt. securities and cash assets Total deposits 8.2 6.7 6.2 5.8 5.9 6.5 6.6 7.0 23.9 9.9 24.4 9.0 27.6 7.2 27.8 6.6 27.2 6.2 24.6 6.4 22.0 7.0 20.0 7.2 20.2 7.6 21.2 1.12 18.8 1.03 16.2 .87 16.9 .84 18.4 .85 21.0 .82 23.5 .84 23.8 .87 24.6 .90 6,619 6,679 6,738 6,814 6,884 6,900 6,923 6,918 6,892 Time to total deposits Interest on time deposits to time deposits Number of banks For notes see p. 51.1 5.6 17.2 24.6 1.5 55.4 4.7 16.2 22.5 1.2 57.4 4.4 15.8 21.3 1.1 53.8 4.8 18.3 22.0 46.9 5.4 22.9 23.7 1.1 42.0 5.7 26.2 24.9 1.2 42.0 6.1 27.4 23.3 1.2 2. MEMBER BANK INCOME RATIOS, 1941-65 — Continued (Computed from aggregate dollar amounts) Item Summary ratios: Percentage of total capital accounts: Net current earnings before income taxes Net income before related taxes Net income Cash dividends declared Percentage of total assets: Total operating revenue Net current earnings before income taxes Net income Sources and disposition of income: Percentage of total operating revenue: Interest and dividends on: U.S. Govt. securities Other securities Revenue on loans Service charges on deposit accounts All other revenue Total revenue. Salaries and wages Officer and employee benefits . Interest on time deposits Net occupancy expense Other current expenses 1950 13.2 12.2 8.3 3.7 2.42 .92 .57 26.5 5.8 50.1 5.3 12.3 100.0 30.6 8.3 1951 14.4 12.5 7.6 3.7 2.56 1.00 .53 22.7 5.7 54.6 5.1 11.9 100.0 30.7 "8.3" 1952 15.4 13.7 7.9 3.7 2.71 1.06 .55 1953 16.4 14.1 7.8 3.8 2.93 1.15 .55 1954 15.6 16.2 9.3 3.9 2.96 1.12 .67 1955 16.6 13.4 7.9 4.0 3.13 1.22 .58 1956 18.1 13.1 7.7 4.1 3.47 1.37 .59 1957 18.1 14.6 8.3 4.3 3.77 1.42 .65 10.8 20.9 5.6 57.7 5.1 10.7 18.1 5.1 61.3 5.1 10.4 17.3 5.0 62.1 5.2 10.4 100.0 100.0 100.0 100.0 29.9 30.3 29.4 28.5 27.7 9.3 10.2 10.2 10.7 13.7 22.5 5.7 56.0 4.8 11.0 22.0 5.5 57.3 4.8 10.4 22.1 5.7 56.2 5.2 100.0 100.0 30.2 8.8 ' 23.6' 21.8 ' 21*.7' '2Y.4' ' 21.6' ' 21.5' "2Y.3" "2Y.6' Total expenses 61.9 60.8 60.7 60.6 62.1 61.1 60.5 62.4 Net current earnings before income t a x e s . . . . 38.1 39.2 39.3 39.4 37.9 38.9 39.5 37.6 2.9 11.3 23.9 5.2 13.4 20.6 4.4 14.8 20.1 5.4 15.1 18.9 + 1.5 16.7 22.7 7.5 13.0 18.4 10.8 11.8 16.9 7.1 13.2 17.3 Net losses including transfers (or recoveries and profits + ) Taxes on net income Net income after taxes Rates of return (per cent) on securities and loans: Return on securities: Interest on U.S. Govt. securities Interest and dividends on other securities. . Net losses (or recoveries and profits + ) 1 . . . Return on loans: Revenue on loans Net losses (or recoveries + ) 1 Distribution of assets: Percentage of total assets: U.S. Govt. securities. . . . Other securities Loans Cash assets Other assets Other ratios (per cent): Total capital accounts to: Total assets Total assets less U.S. Govt. securities and cash assets Total deposits Time to total deposits Interest on time deposits to time deposits Number of banks. + .09 1.57 1.64 1.66 1.72 .03 1.79 2.03 .10 1.98 2.11 .20 4.17 .05 4.26 .06 4.51 .05 4.69 40.7 7.0 29.0 2.09 2.31 2.13 .28 2.29 .53 2.53 2.50 .35 4.71 .05 4.77 .06 5.02 .11 5.32 .07 33.4 7.9 35.3 22.0 25.7 7.6 44.0 20.8 1.9 35.0 7.4 32.8 23.6 7.6 33.6 23.4 1.2 1.3 6.9 7.0 7.2 7.6 18.9 7.7 16.7 7.6 16.2 7.6 15.8 7.8 16.1 7.9 14.6 8.4 14.7 8.8 23.9 .91 23.0 1.02 24.3 1.23 25.7 1.30 26.1 1.58 27.7 2.08 6,873 6,840 6,743 6,660 6,462 6,393 22.1 1.2 7.0 For notes see p. 11. 10 34.1 6,798 32.6 7.6 35.8 22.7 1.3 1.96 2.12 + .47 1.4 6,543 2. MEMBER BANK INCOME RATIOS, 1941-65 — Continued (Computed from aggregate dollar amounts) Item Summary ratios: Percentage of total capital accounts: Net current earnings before income taxes Net income before related taxes Net income Cash dividends declared Percentage of total assets: Total operating revenue Net current earnings before income taxes. Net income Sources and disposition of income: Percentage oj total operating revenue: Interest and dividends on: U.S. Govt. securities Other securities Revenue on loans Service charges on deposit accounts All other revenue Total revenue Salaries and wages Officer and employee benefits Interest on time deposits Net occupancy expense Other current expenses 1958 1960 1959 16.6 17.3 9.7 4.3 18.5 12.8 7.9 4.3 3.75 1.32 .77 19.5 17.4 10.0 4.4 4.08 1.48 .64 4.42 1.62 .84 1961 I 1962 1963 16.0 14.4 9.0 4.3 17.5 16.5 9.6 4.4 4.44 1.29 .73 4.28 1.46 .80 1964 15.9 13.3 8.8 4.4 4.56 1.29 .71 15.8 5.2 64.2 5.2 9.6 16.7 5.6 63.7 5.3 8.7 16.6 6.2 63.4 5.2 8.6 15.4 6.9 64.5 5.1 8.1 14.1 7.3 65.5 4.9 8.2 12.2 7.8 67.2 4.7 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 27.8 26.2 25.6 ' 15.8' 15.8 i6*.i * 25.6 3.6 18.7 4.6 13.4 24.6 3.6 23.2 4.5 13.4 23.8 3.5 25.6 4.5 13.6 22.9 3.4 27.3 4.4 13.8 21.9 3.2 30.4 4.3 13.9 71.8 73.7 21.6 63.3 65.9 69.3 71.0 Net current earnings before income taxes. . . . 36.4 36.7 34.1 30.7 29.0 Net losses including transfers (or recoveries and profits + ) Taxes on net income Net income after taxes 11.2 9.6 15.6 3.9 13.9 18.9 2.0 13.5 18.6 3.0 11.0 16.7 2.9 9.7 16.4 Rates of return (per cent) on securities and loans: Return on securities: Interest on U.S. Govt. securities Interest and dividends on other securities Net losses (or recoveries and profits -(-)' 2.79 2.70 1.19 3.10 2.92 5.65 .04 Return on loans: Revenue on loans Net losses (or recoveries + )' 5.93 .18 Distribution of assets: Percentage of total assets: U.S. Govt. securities. . . Other securities Loans Cash assets Other assets 27.2 8.3 42.5 20.0 2.0 Other ratios (per cent): Total capital accounts to: Total assets Total assets less U.S. Govt. securities and cash assets Total deposits 8.0 14.5 9.0 30.0 2.20 6,312 3.05 2.91 3.22 2.95 3.38 2.94 | | j 25.3 8.3 44.9 19.4 2.1 4.6 8.1 15.5 + .21 + .11 3.63 3.01 .08 5.84 .16 5.93 .12 5.87 .16 5.88 .14 23.4 8.2 46.7 19.1 2.6 22.6 9.2 46.8 18.8 2.6 20.3 10.4 48.8 17.9 2.6 17.7 11.2 50.8 17.6 2.7 8.1 8.0 14.3 9.5 14.5 9.4 14.0 9.3 13.0 9.2 12.5 9.2 11.9 9.1 30.7 2.36 31.3 2.58 33.2 2.73 35.7 3.23 38.6 3.34 40.8 3.47 42.8 3.73 6,233 6,174 6,113 6,047 6,108 6,225 6,221 1 Net losses is the excess of (1) actual losses charged against net income plus losses charged against valuation reserves over (2) actual recoveries and profits credited to net income plus recoveries credited to valuation reserves; net recoveries and profits is the reverse. Transfers to and from 22.6 7.9 47.8 26.3 + .52 8.3 15.0 8.9 4.62 1.21 .70 17.3 5.5 62.2 5.2 9.8 63.6 Number of banks. 15.1 12.4 8.7 4.4 17.8 5.8 60.7 5.4 10.3 Total expenses Time to total deposits Interest on time deposits to time deposits. 1965 1T3 2.4 valuation reserves are excluded for 1948 and thereafter. Before 1948, they were included with losses and recoveries respectively, and are estimated to have been relatively small. 2 Ratio of less than .005. 3. MEMBER BANK INCOME, EXPENSES, AND DIVIDENDS, BY CLASS OF BANK, 1945, 1955, AND 1965 (Income and expense items in thousands of dollars; asset and liability items in millions of dollars) Reserve city Item New York City City of Chicago Reserve city Country Other New York City 1945 Country City of Chicago Other 1955 Revenue Interest and dividends on securities: U.S. Govt Other Interest and discount on loans Other charges on loans Service charges on deposits Other charges, fees, etc Trust department Other current revenue 432,224 105,017 782,646 782,290 866,548 208,703 2,094,761 2,172,578 222,070 24,240 99,427 6,183 7,521 7,696 40,700 24,387 53,482 9,613 23,588 1,903 947 742 9,512 5,230 366,508 47,173 221,537 6,069 31,403 24,773 41,880 43,303 354,742 58,342 227,224 2,231 47,628 30,622 20,042 41,459 156,184 50,928 475,573 8,250 20,377 20,523 88,016 46,697 56,709 15,414 103,266 1,399 2,169 2,091 22,033 5,623 419,979 112,486 1,196,560 35,214 112,599 39,958 103,132 74,833 485,235 116,778 1,246,443 16,499 138,879 47,183 53,811 67,750 Expenses Salaries—officers Salaries and wages—others. . . Officer and employee benefits . Directors' fees, etc Interest on time deposits Interest on borrowed money. . Net occupancy expense Furniture and equipment Other current expenses 216,387 32,142 84,681 55,697 7,819 17,002 478,741 66,294 151,146 516,808 101,982 118,545 471,505 59,719 192,971 110,987 15,577 40,333 1,274,185 169,376 435,128 1,408,449 267,063 391,234 1,109 5,638 978 137 7,288 3 2,150 71,529 767 7,361 98,419 538 1,729 42,524 6,581 296 16,520 1,952 4,818 230,031 9,955 20,345 254,048 3,455 91,839 23,448 186,855 189,963 167,982 36,309 424,877 472,304 Net current earnings before income taxes 215,837 49,320 303,905 265,482 395,042 97,716 820,576 764,129 129,016 25,821 149,592 149,356 47,582 12,380 90,516 62,031 67,875 47,600 9,711 6,041 75,292 85,957 36,707 22,873 6,921 1,101 9,755 5,480 4,123 1,278 25,349 7,463 19,462 12,918 5,630 7,052 7,941 5,600 4,129 5,940 20,416 17,177 23,432 17,094 5,501 17,084 7,221 410 257 831 3,779 18,992 15,471 11,050 11,396 13,985 39,909 20,420 94,650 74,877 123,597 26,625 240,186 223,551 15,289 17,034 48,377 37,085 41,423 5,209 12,180 70,180 45,604 71,710 2,645 18 7,411 4,371 1,119 94,666 28,617 13,504 97,270 31,439 Recoveries, transfers from reserves, and profits On securities: Profits on securities Recoveries Transfers from reserves On loans: Recoveries Transfers from reserves All other Losses, charge-offs, and transfers to reserves On securities: Sold Charge-offs prior to sale Transfers to reserves On loans: Losses and charge-offs Transfers to reserves All other Net income before related taxes. Taxes on net income. Federal State Net income. Cash dividends declared. On preferred stock 1. On common stock. . . 6,635 17,985 1,475 1,911 23,153 23,120 15,278 22,514 304,944 54,721 358,847 339,961 319,027 83,470 670,906 602,609 90,687 79,484 11,203 15,539 15,533 6 90,454 85,479 4,975 73,382 69,785 3,597 132,510 118,110 14,400 34,112 34,112 278,177 266,305 11,872 245,971 236,834 9,138 214,257 39,182 268,393 266,579 186,518 49,358 392,729 356,637 73,069 427 72,642 13,196 88,459 3,296 85,163 71,210 4,539 66,671 123,909 53 123,856 20,887 68 20,819 201,840 239 201,601 154,305 1,370 152,935 1,648 3,867 1,154 603 14,159 468 14,410 8,051 16,669 1,096 857 48,244 25,815 8,111 32,327 13,196 Memoranda items: Recoveries credited to reserves: On securities On loans Losses charged to reserves: 3 On securities On loans Assets, deposits, and capital accounts: Loans U.S. Govt. securities Other securities Cash assets 4 Other assets 9,628 3,202 66,285 7,478 6,304 17,203 1,152 5,335 298 1,195 4,024 360 1,379 37 7,209 26,855 1,869 10,398 487 5,107 23,712 2,185 9,588 434 13,219 7,746 2,370 7,308 724 2,845 2,764 684 1,893 52 25,872 20,071 5,169 14,697 1,030 22,715 22,871 5,652 12,149 814 Total assets. 30,292 6,995 46,818 41,026 31,368 8,238 66,839 64,201 Time deposits Total deposits Total capital accounts 4 . 1,123 27,742 2,026 659 6,594 362 8,655 44,150 2,435 11,050 38,497 2,420 3,431 27,242 2,744 1,312 7,464 611 16,113 60,847 4,483 19,126 58,911 4,661 2,873 39,465 645 7,909 9,805 82,248 26,580 77,838 4,080 50,842 1,005 10,882 16,540 136,857 36,998 143,600 37 12 359 6,476 292 6,220 Number of officers... . Number of employees. Number of banks For notes see p. 8. 12 3. MEMBER BANK INCOME, EXPENSES, AND DIVIDENDS, BY CLASS OF BANK, 1945, 1955, AND 1965—Continued (income and expense items in thousands of dollars; asset and liability items in millions of dollars) Reserve city Country N e w York City City of Chicago Item 1965 2,295,580 576,159 5,239,591 5,730,452 180,019 204,142 1,544,001 18,674 46,689 32,807 195,121 74,127 60,137 52,385 379,063 2,934 4,077 7,016 52,299 18,248 549,243 374,306 3,529,868 86,198 260,533 89,000 266,420 84,023 897,045 448,037 3,674,388 59,970 341,934 95,087 154,067 59,924 . Revenue Interest and dividends on securities: U.S. Govt. Other Interest and discount on loans Other charges on loans Service charges on deposits Other charges, fees, etc. Trust department Other current revenue 1,607,259 112,608 328,008 92,408 1,907 712,673 63,457 107,019 33,550 155,629 400,818 29,411 70,140 19,770 532 191,590 17,387 17,381 11,272 43,335 3,871,058 358,316 780,265 162,947 7,010 1,632,455 80,172 218,517 131,068 500,308 4,327,185 547,031 798,165 173,193 39,161 1,677,426 22,679 255,257 157,774 656,499 . Expenses Salaries—officers Salaries and wages—others Officer and employee benefits Directors' fees, etc. Interest on time deposits Interest on borrowed money Net occupancy expense Furniture and equipment Other current expenses 688,321 175,341 1,368,533 1,403,267 33,838 29,474 136,916 129,679 7,270 129 16,668 6,568 94 11,675 22,176 3,091 36,464 31,442 1,819 26,147 788 6,154 2,829 4,429 6,708 725 41,931 32,529 9,011 20,591 40,669 216,500 39,730 361,176 365,071 5,171 5 1,086 3,802 7,008 29,081 483 28,300 32,014 4,362 17,782 74 201,022 9,142 23,449 5,471 176 260,330 42,806 19,052 239,196 505,659 165,085 1,144,273 1,167,875 130,701 103,709 26,992 51,311 51,311 357,760 316,427 41,333 340,193 317,263 22,930 374,958 113,774 786,513 827,682 240,354 19,192 221,162 44,503 199 44,304 425,774 24,193 401,581 346,886 8,664 338,222 63 10,990 2,248 2,268 346 33,969 1,046 53,049 1,471 51,851 2,340 11,183 10,978 122,300 6,549 160,866 30,467 5,429 6,268 11,960 2,720 7,563 1,778 1,610 2,368 386 61,250 14,903 11,810 20,873 2,986 59,494 23,591 14,970 16,715 56,845 13,704 111,822 117,154 Total assets 16,849 47,261 4,893 4,805 11,993 1,095 42,827 99,199 8,756 48,482 105,208 9,306 Time deposits Total deposits Total capital accounts' 6,818 60,192 1,587 13,697 29,800 175,158 53,214 210,835 171 6,027 For notes sec p. 8. 52,665 2,384 Net current earnings before income taxes Recoveries, transfers from reserves, and profits On securities: Profits on securities Recoveries Transfers from reserves On loans: Recoveries Transfers from reserves All other Losses, charge-offs, and transfers to reserves On securities: Sold Charge-offs prior to sale Transfers to reserves On loans: Losses and charge-offs Transfers to reserves . All other .Net income before related taxes . Taxes on net income Federal State . . . Net income . Cash dividends declared On preferred stock ] On common stock Memoranda items: Recoveries credited to reserves: 2 On securities On loans Losses charged to reserves: • * On securities On loans Assets, deposits, and capital accounts: Loans U.S. Govt. securities Other securities Cash assets4 Other assets Number of officers Number of employees Number of banks 13 4. MEMBER BANK INCOME RATIOS, BY CLASS OF BANK, 1945, 1955, AND 1965 (Computed from aggregate dollar amounts) Reserve city New York City Item City of j Chicago Reserve city Country Other New York City 1955 1945 Summary ratios: Percentage of total capital accounts: Net current earnings before income taxes Net income before related taxes Net income Cash dividends declared Percentage of total assets: Total operating revenue Net current earnings before income taxes Net income Sources and disposition of income: Percentage of total operating revenue: Interest and dividends on: U.S. Govt. securities Other securities Revenue on loans Service charges on deposit accounts All other revenue Salaries and wages Officer and employee benefits. Interest on time deposits Net occupancy expense Other current expenses 51.4 5.6 24.4 1.7 16.9 27.0 1.3 13.6 15.1 10.8 3.6 1.50 .71 .56 50.9 9.2 24.3 .9 14.7 100.0 23.6 6.9 12.5 14.7 11.0 3.6 1.67 .65 .57 11.0 14.0 11.0 2.9 1.91 .65 .65 14.4 11.6 6.8 4.5 2.76 1.26 .59 16.0 13.7 8.1 3.4 2.53 1.19 .60 18.3 15.0 8.8 4.5 3.13 1.23 .59 16.4 12.9 7.7 3.3 3.38 1.19 .56 45.3 7.5 29.3 6.1 18.0 5.9 55.8 2.4 17.9 27.2 7.4 50.1 1.0 14.3 20.0 5.4 58.8 5.4 10.4 22.3 5.4 58.1 6.4 7.8 100.0 100.0 100.0 100.0 100.0 100.0 27.8 28.2 29.2 26.8 28.8 30.3 9.1 12.6 4.9 7.9 11.0 11.7 46.9 6.0 29.1 4.0 14.0 Net current earnings before income t a x e s . . . . Net losses including transfers (or recoveries and profits + ) Taxes on net income Net income after taxes Rates of return (per cent) on securities and loans: Return on securities: Interest on U.S. Govt. securities Interest and dividends on other securities. . . Net losses (or recoveries and profits + ) l • • • 1 Distribution of assets: Percentage of total assets: U.S. Govt. securities. . . . Other securities Loans Cash assets Other assets Other ratios (per cent): Total capital accounts to: Total assets Total assets less U.S. Govt. securities and cash assets Total deposits Time to total deposits Interest on time deposits to time deposits Number of banks ' 21.8' "22.5' "24.3' ' 25.2 "20.3' "is.'5' ' 2Y.6' "22.8" 50.1 Total expenses 1.43 .71 .71 100.0 Total revenue. Return on loans: Revenue on loans Net losses (or recoveries + ) 10.7 15.1 10.6 3.6 Country City of Chicago 53.0 61.2 66.0 54.4 53.2 60.8 64.8 35.2 7.5 11.3 16.4 49.9 47.0 38.8 34.0 45.6 46.8 39.2 + 20.7 21.0 49.6 + 5.1 14.8 37.3 + 7.0 +9.5 8.8 15.3 21.5 6.8 16.4 23.6 7.2 13.3 18.7 1.29 2.10 + .55 1.68 11.5 34.3 9.4 34.1 2.67 .03 + .22 + .28 1.50 2.67 2.02 2.15 .39 2.13 3.16 .04 4.49 .16 3.66 1.33 1.36 2.52 2.05 2.25 .11 2.09 2.18 .34 2.12 2.07 .21 3.68 4.76 .03 5.56 .09 + .02 + .02 + .22 56.8 3.8 20.8 17.6 1.0 57.5 5.1 17.1 19.7 .6 5.2 5.9 8.7 7.4 6.7 7.3 26.1 7.3 22.7 5.5 31.3 6.3 16.8 10.1 14.0 7.4 16.0 7.9 4.0 .50 10.0 1.11 28.7 .89 12.6 1.24 17.1 8.2 17.6 1.26 26.5 1.43 32.5 1.33 37 12 18 13 292 14 57.4 4.0 15.4 22.2 57.8 5.3 12.4 23.4 1.0 1.1 359 6,476 24.7 7.6 42.1 23.3 2.3 33.6 8.3 34.5 23.0 .6 30.0 7.7 38.7 22.0 1.6 35.6 8.8 35.4 18.9 1.3 6,220 4. MEMBER BANK INCOME RATIOS, BY CLASS OF BANK, 1945, 1955, AND 1965 — Continued (Computed from aggregate dollar amounts) Country Item 1965 14.1 10.3 7.7 4.9 4.04 1.21 .66 7.8 8.9 68.1 2.0 16.0 15.1 10.4 4.1 4.20 ! 1.28 .83 15.6 13.1 9.0 4.9 15.1 12.5 8.9 3.7 4.69 1.22 4.89 1.20 .70 .71 15.6 7.8 65.2 6.0 5.4 13.2 13.5 10.5 7.1 69.0 5.0 8.4 100.0 100.0 100.0 100.0 19.2 17.3 23.5 3.0 11.1 12.6 21.7 3.1 31.2 4.2 13.7 15.3 70.0 69.6 73.9 75.5 30.0 30.4 26.1 24.5 4.0 31.0 4.7 8.0 5.7 16.3 10.4 9.1 66.3 .7 3.4 33.3 1.8 8.9 19.7 4.3 6.8 15.0 3.0 29.3 4.4 4.1 5.9 14.5 3.32 3.26 +.01 j 3.38 3.25 +.08 3.69 3.17 '< .06 | 3.80 2.99 .02 5.13 .13 5.05 .12 5.90 j .14 6.28 .20 9.6 11.0 53.6 21.0 4.8 13.0 I 1.7 55.2 17.3 2.8 12.4 10.4 11.5 35.7 4.23 40.1 3.99 9.1 12 13.3 10.5 54.8 18.7 2.7 11.5 8.8 43.2 3.81 171 20.1 12.8 50.8 14.3 2.0 12.1 8.8 46.1 3.46 6,027 .Summary ratios: Percentage of total capital accounts: Net current earnings before income taxes Net income before related taxes Net income Cash dividends declared Percentage of total assets: Total operating revenue Net current earnings before income taxes Net income Sources and disposition of income: Percentage of total operating revenue: Interest and dividends on: U.S. Govt. securities Other securities Revenue on loans Service charges on deposit accounts All other revenue Total revenue Salaries and wages Officer and employee benefits Interest on time deposits Net occupancy expense Other current expenses Total expenses Net current earnings before income taxes Net losses including transfers (or recoveries and profits + ) Taxes on net income Net income after taxes . . Rates of return (per cent) on securities and loans: Return on securities: Interest on U.S. Govt. securities Interest and dividends on other securities Net losses (or recoveries and profits +) 1 Return on loans: Revenue on loans Net losses (or recoveries + ) ' .. Distribution of assets: Percentage of total assets: U.S. Govt. securities Other securities Loans Cash assets Other assets . .Other ratios (per cent): Total capital accounts to: Total assets Total assets less U.S. Govt. securities and cash assets Total deposits Time to total deposits Interest on time deposits to time deposits . . . Number of banks For note see p. 15 5. MEMBER BANK INCOME, EXPENSES, AND DIVIDENDS, BY FEDERAL RESERVE DISTRICT, 1965 A. ALL BANKS (Income and expense items in thousands of dollars; asset and liability items in millions of dollars) Federal Reserve district Item Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Revenue 620,004 3,396,081 669,023 1,040,164 684,431 814,557 2,037,954 435,417 Interest and dividends on securities:.... 56,342 155,056 93,646 119,668 320,535 69,606 U.S. Govt 312,086 82,459 102,595 41,583 57,434 172,067 36,699 Other 38,279 306,261 48,217 654,418 451,551 519,319 1,299,601 284,890 401,034 2,277,952 443,056 Interest and discount on loans 31,512 8,977 11,117 11,750 2,516 5,231 5,025 16,087 Other charges on loans 109,682 25,188 41,859 39,622 52,507 72,150 16,855 Service charges on deposits 36,007 12,287 14,972 16,737 6,362 45,333 9,122 29,935 Other charges, fees, etc 15,571 228,563 46,127 53,318 25,724 27,295 94,531 13,829 Trust department 56,388 9,847 11,654 6,216 4,660 84,692 9,829 33,048 Other current revenue 11,152 Expenses Salaries—officers Salaries and wages—others Officer and employee benefits Directors' fees, etc Interest on time deposits Interest on borrowed money Net occupancy expense Furniture and equipment Other current expenses 429,984 2,469,277 477,854 197,129 49,925 52,188 492,989 97,310 105,043 129,882 23,371 24,481 4,866 6,933 2,681 121,296 1,075,972 175,601 70,769 7,992 8,010 29,874 161,285 30,127 60,904 17,737 18,163 273,414 70,925 68,248 Net current earnings before income taxes. . 190,020 Recoveries, transfers from reserves, and profits On securities: Profits on securities Recoveries Transfers from reserves On loans: Recoveries Transfers from reserves All other Losses, charge-offs, and transfers to reserves On securities: Sold Charge-offs prior to sale Transfers to reserves On loans: Losses and charge-offs Transfers to reserves A other M Net income before related taxes Taxes on net income Federal State Net income Cash dividends declared On preferred stock l On common stock Memoranda items: Recoveries credited to reserves: 2 On securities On loans Losses charged to reserves: 3 On securities On loans Assets, deposits, and capital accounts: Loans U.S. Govt. securities Other securities Cash assets 4 Other assets 926,804 191,169 Minne- Kansas apolis City Dallas San Francisco 359,729 583,306 701,424 2,499,692 56,209 89,405 95,293 236,139 27,012 37,809 53,209 157,705 226,182 381,236 477,218 1,710,863 4,506 7,073 3,506 60,476 19,726 33,925 29,808 175,904 9,361 11,047 12,561 40,622 10,959 19,248 18,639 73,286 7,816 9,137 3,574 44,697 760,407 484,350 599,436 1,532,975 310,307 265,687 420,251 509,130 1,946,662 68,825 61,037 72,185 196,766 143,586 38,892 35,708 65,079 66,046 138,450 104,175 122,292 384,228 269,512 57,405 44,144 78,489 82,541 28,032 20,120 25,903 76,088 62,437 12,666 11,459 15,892 17,987 3,113 2,119 3,800 4,045 3,835 3,798 4,006 2,398 7,016 336,516 165,073 202,997 701,734 114,205 103,869 142,275 189,294 885,312 5,482 5,435 12,446 8,373 4,929 6,563 4,138 22,714 26,844 35,420 28,817 34,668 111,526 76,994 17,339 14,458 25,983 31,683 9,794 18,633 17,148 64,926 23,253 18,717 26,596 46,288 11,505 117,703 77,684 104,226 198,564 49,700 39,998 64,665 87,940 202,704 279,757 200,081 215,121 504,979 125,110 94,042 163,055 192,294 553,030 21,753 66,317 12,191 27,374 11,976 11,346 67,294 18,093 8,218 12,021 9,569 63,755 1,927 233 4,799 12,085 285 24,210 3,585 71 4,225 3,126 78 7,118 4,313 40 1,072 4,071 110 1,138 13,759 407 20,578 5,537 57 2,601 744 295 1,009 4,127 361 1,112 2,832 78 527 11,350 3,118 22,565 319 4,952 9,523 1,269 13,509 14,959 481 1,643 2,186 570 12,625 3,857 489 3,304 2,758 515 1,114 4,398 555 8,098 23,897 563 6,717 2,618 1,171 2,436 2,563 1,705 542 4,174 2,153 1,219 2,760 734 16,946 9,042 46,534 284,850 36,438 67,315 42,473 57,572 139,454 36,882 22,379 39,256 50,802 158,522 6,831 141 1,964 10,710 265 7,953 4,531 201 2,243 6,216 265 4,200 4,006 249 898 3,209 357 1,576 15,528 614 17,490 4,456 725 1,693 1,777 346 585 359 27,226 10,013 1,172 244,765 19,985 634 22,479 6,350 1,068 50,777 4,789 1,080 30,197 6,043 2,437 42,773 7,220 1,068 84,960 19,794 1,227 23,356 5,425 826 17,307 1,538 165,239 58,130 47,682 10,448 107,109 708,271 166,922 175,126 141,847 33,279 52,914 52,477 437 533,145 114,008 239,816 169,584 168,895 7,626 257 11,173 4,330 3,541 26,882 35,077 4,148 5,071 1,560 118,198 19,708 432,819 106,321 79,881 135,820 151,061 458,263 31,302 30,667 635 27,292 45,737 45,061 22,650 42,093 45,900 3,644 4,642 61 147,686 114,444 33,242 54,634 53,417 1,217 119,187 116,944 2,243 179,311 108,093 114,261 313,632 75,019 52,589 90,083 105,100 310,577 50,348 48,135 1,642 1,942 48,706 46,193 123,999 3,324 120,675 32,273 1,418 30,855 24,506 167 24,339 40,971 56,080 1,231 2,029 39,740 54,051 174,238 15,611 158,627 116 1,230 230 16,167 466 1,824 22,099 30,756 2,324 72,199 60,505 60,505 61,491 60,084 1,407 3,163 420 3,530 2,015 1,010 871 53,508 353 53,155 315,048 23,017 292,031 59,245 428 58,817 79,166 1,086 78,080 14 4,257 474 20,233 9 3,440 134 6,482 255 3,010 42 7,536 2,331 15,656 74 2,458 6 2,446 1,117 13,663 5,531 79,496 1,019 12,269 5,215 16,680 273 12,002 86 26,470 3,004 43,400 454 8,348 25 8,818 6,779 1,599 1,314 2,112 305 42,637 8,954 9,732 14,644 3,168 7,634 2,265 1,623 2,300 304 11,724 4,101 3,302 3,463 413 7,535 2,469 1,385 2,487 303 8,445 3,202 1,815 3,462 424 23,205 8,640 5,537 7,119 946 4,964 1,870 1,217 2,010 175 3,740 1,461 872 1,222 163 6,308 2,309 1,249 2,559 255 8,130 2,529 1,778 3,494 477 27,674 6,302 4,833 7,044 1,542 18 7,361 Total assets 12,108 79,136 14,125 23,003 14,179 17,349 45,448 10,237 7,458 12,679 16,408 47,395 Time deposits Total deposits Total capital accounts4 3,274 10,393 1,086 26,991 67,201 6,550 5,466 12,479 1,211 9,890 20,409 1,999 4,738 12,598 1,169 5,526 15,554 1,395 19,171 40,815 3,305 3,252 9,160 854 3,034 6,707 569 3,836 5,184 11,342 14,627 1,122 1,346 22,599 42,376 3,445 4,387 25,125 14,201 101,531 4,768 23,892 5,845 32,441 5,756 28,037 6,664 32,214 11,329 63,516 3,887 15,595 3,530 11,751 6,132 6,193 20,072 21,245 18,727 84,463 252 409 408 409 520 1,006 483 495 Number of officers Number of employees Number of banks For notes see p. 8. 16 835 675 225 5. MEMBER BANK INCOME, EXPENSES, AND DIVIDENDS, BY FEDERAL RESERVE DISTRICT, 1965 — Continued B. RESERVE CITY BANKS (Income and expense items in thousands of dollars; asset and liability items in millions of dollars) Federal Reserve district Boston New York Revenue Interest and dividends on securities: U.S. Govt Other Interest and discount on loans Other charges on loans Service charges on deposits Other charges, fees, etc Trust department Other current revenue 212,167 118,821 15,710 9,414 133,979 11,194 10,441 83,948 2,238 5,260 Expenses Salaries—officers Salaries and wages—others Officer and employee benefits Directors' fees, etc Interest on time deposits Interest on borrowed money Net occupancy expense Furniture and equipment Other current expenses 134,720 14,904 Net current earnings before income taxes. Recoveries, transfers from reserves, and profits On securities: Profits Recoveries Transfers from reserves On loans: Recoveries Transfers from reserves All other Losses, charge-offs, and transfers to reserves On securities: Sold Charge-offs prior to sale Transfers to reserves On loans: Losses and charge-offs Transfers to reserves All other San Francisco St. Louis Minneapolis 462,595 198,574 106,754 210,177 313,257 2,057,322 61,824 39,151 305,284 4,105 17,605 7,861 20,768 5,997 21,315 16,604 138,558 1,278 6,759 2,315 9,353 2,392 10,648 24,463 38,813 188,032 6,539 13,433 22,342 132,379 71,080 144,451 220,957 1,415,006 1,035 1,696 4,484 48,020 3,232 6,657 4,690 142,726 2,158 4,901 4,827 28,372 8,300 13,526 13,212 64,479 1,019 3,793 3,932 38,308 243,728 229,305 358,814 137,380 23,672 12,778 27,848 23,573 28,236 72,728 56,286 48,456 6,228 14,852 10,685 11,045 577 451 1,053 703 79,743 77,090 161,520 48,857 4,930 6,847 4,105 3,959 7,483 19,893 16,072 13,108 5,535 9,513 9,620 10,785 38,423 41,751 47,940 22,882 74,086 147,873 217,586 1 1,598,351 7,065 15,816 18,988 154,739 15,908 31,086 31,282 313,528 3,643 6,010 8,201 62,591 253 402 431 1,302 25,257 52,766 92,940 751,660 3,787 3,411 11,399 20,671 9,409 10,667 89,407 4,354 3,219 7,597 6,512 50,100 10,976 21,000 37,166 154,353 Chicago Kansas City Cleveland Richmond 283,469 606,564 350,304 319,587 1,395 3,042 1,303 23,655 14,878 192,058 2,134 10,745 4,941 29,183 5,875 70,200 67,881 384,611 6,207 20,372 7,447 41,854 7,992 38,932 44,457 20,757 20,487 227,911 212,025 6,183 6,109 21,473 15,945 7,742 7,321 18,368 14,919 3,683 3,579 36,377 7,593 228 35,019 6,207 8,707 5,285 20,400 94,737 8,089 16,581 3,613 380 46,566 809 5,412 2,261 11,026 197,149 18,542 47,434 12,105 537 59,673 6,731 14,277 7,918 29,932 437,329 32,302 82,363 16,381 693 201,364 7,316 19,728 77,447 24,084 86,320 169,235 106,576 90,282 103,781 61,194 32,668 62,304 5,328 3,505 5,517 19,347 5,506 4,696 21,225 12,984 2,881 5,130 2,262 48,535 277 244 348 1,152 1,798 "4,i36 6 4,498 3,530 6 2,250 2,377 1,072 1,186 2 5,609 42 2,340 1,709 26 889 312 "262 729 4 121 8,784 3,047 14,674 22 431 955 353 16,567 5,110 2,709 5,069 9,720 29,416 6,150 29 661 Philadelphia 12,723 64,459 Atlanta 95,671 458,971 2,021 1 1,918 270 26 68 939 3 11,310 2,378 24 2,135 1,248 2 1,959 41 698 13,689 5,967 1,231 73 2,174 280 ' 2,449 20,457 7,066 13,624 45,955 22,173 21,535 43,450 20,546 7,256 13,864 1,913 3,609 3 2,239 13 728 1,327 3,039 231 919 111 180 3,816 7 8,901 521 26 462 1,093 13 2,380 6,368 190 7,884 15,144 4,049 48 17,262 2,718 23,585 7,141 14,442 1,915 43 6,247 180 14,176 1,406 85 96,395 15,260 78,865 381,324 26,286 122,724 26,286 92,749 29,975 3,836 543 9J8 Y,i26 ' Y,322 3,471 10,876 4,827 5,031 366 8,340 2,049 36,524 2,348 9 42 19,068 126,182 Net income before related taxes. 62,318 20,523 78,213 142,627 89,909 73,443 81,556 53,632 28,293 12,308 547 53,570 Taxes on net income Federal State 26,072 21,643 4,429 4,622 3,733 27,047 27,047 31,337 31,337 34,028 33,079 949 23,919 23,497 422 16,614 15,644 970 15,809 15,547 262 10,319 8,310 2,009 18,983 17,555 1,428 Net income. 36,246 15,901 51,166 111,290 55,881 49,524 64,942 37,823 17,974 34,587 52,579 258,600 Cash dividends declared.. On preferred stock ' . . On common stock.. . . 22,423 295 22,128 10,209 459 9,750 29,018 51,968 773 51,195 29,041 1,536 27,505 22,752 1,711 21,041 32,077 2,285 29,792 18,773 1,252 17,521 9,328 91 9,237 18,999 1,100 17,899 32,939 148,247 12,933 1,758 31,181 135,314 29,018 Memoranda items: Recoveries credited to reserves: 2 On securities On loans Losses charged to reserves: * On securities On loans 1,269 27 2,234 106 2,566 62 1,074 1,872 56 4,133 65 655 2,175 30 3,838 850 4,422 1,161 4,058 4,863 8,489 53 5,255 3 6,540 50 9,019 19 2,687 1,497 218 8,209 1,567 11,124 Assets, deposits, and capital accounts: Loans U.S. Govt. securities Other securities Cash assets4 Other assets 2,414 481 329 879 134 1,294 283 333 309 63 7,189 1,911 2,167 2,241 265 3,986 1,164 674 1,459 167 3,600 1,080 633 1,691 175 5,509 1,711 1,235 2,066 204 2,609 584 537 1,177 89 1,298 288 209 591 52 2,660 649 419 1,256 127 4,159 1,097 720 1,911 274 Total assets 4,237 2,283 5,964 13,774 7,450 7,179 10,725 4,996 2,439 5,1 8,160 39,504 Time deposits Total deposits Total capital accounts 4 . 866 3,560 413 1,660 5,234 492 5,671 12,125 1,243 2,209 6,619 584 1,979 6,386 595 4,264 9,654 745 1,299 4,403 430 699 2,153 191 1,370 4,534 464 2,517 7,149 678 19,119 35,345 2,761 976 7,555 1,342 10,643 2,172 17,201 2,256 14,311 1,858 11,901 1,581 16,388 1,030 7,205 530 3,732 1,204 7,052 1,400 7,219 14,780 67,521 Number of officers . . . Number of employees. Number of banks. 16 NOTE.—Figures do not include reserve city banks in the cities of N e w York and Chicago. For other notes, see p. 8. 17 26 22 12,179 5. MEMBER BANK INCOME, EXPENSES, AND DIVIDENDS, BY FEDERAL RESERVE DISTRICT, 1965—Continued C. COUNTRY BANKS (Income and expense items in thousands of dollars; asset and liability items in millions of dollars) Federal Reserve district Item Boston New York Philadelphia Revenue Interest and dividends o n securities: U.S. Govt Other Interest and discount on loans Other charges on loans Service charges on deposits Other charges, fees, etc Trust department Other current revenue 407,837 981,680 Cleveland Richmond Chicago San Francisco St. Louis Minneapolis 385,554 433,600 334,127 494,970 999,200 236,843 252,975 373,129 388,167 442,370 40,632 120,873 58,804 84,856 49,189 80,736 198,574 28,865| 91,678 34,714 21,096 33,339 36,677 80,531 267,0551 650,003 250,998 269,807 223,640 307,294 615,254 2,522) 10,600 2,770 4,934 2,891 5,641 9,048 30,9381 57,733 18,149 14,443 21,487 36,562 50,468 11,131 5,851 4,840 7,230 4,181 9,416 15,058 30,400 26,972 11,464 7,356 16,944 12,376 21,464 9,262 5,002 3,662 2,533 3,954 6,268 8,803 48,291 20,095 146,332 1,238 10,096 4,047 4,476 2,268 64,94; 56,480 48,107 45,561 24,376 30,867 25,326 20,473 155,102 236,785 256,261 295,857 2,810 2,589 12,456 2,471 16,494 27,268 25,118 33,178 7,203 6,220 12,250 7,660 5,72 5,427 8,807 2,659 4,023 5,205 6,389 2,555 Expenses Salaries—officers Salaries and wages—others Officer and employee benefits Directors' fees, etc Interest on time deposits Interest on borrowed money Net occupancy expense Furniture and equipment Other current expenses 295,264 767,281 280,705 323,078 240,622 370,131 773,343 172,927 37,284 76,432 31,383 36,523 33,189 48,612 90,503 26,114 68,666 148,400 49,876 56,087 47,889 73,836 126,644 29,169 16,888 33,861 11,266 9,435 11,651 14,858 27,815 6,438 2,453 4,646 4,329 2,745 3,142 3,303 5,907 2,662 86,277 316,733 115,928 135,152 85,330 125,907 348,624 65,348 1,803 824 6,503 1,261 1,057 2,604 2,610 552 21,167 48,854 15,850 15,692| 12,745 21,560 39,720 9,856 12,878 25,093 10,530 16,976 24,231 5,970 9,204 9,819 47,848 106,759 40,993 53,244 39,261 62,475 107,289 26,818 191,601 272,378 291,544 348,311 28,643 49,263 47,058 42,027 28,236 47,403 51,259 70,700 9,88; 9,786 13,497 7,816 3,398 3,614 1,866 1,096 78,612 89,509 96,354 133,652 1,047 727 1,648 2,043 10,104 16,574 21,016 22,119 6,575 11,036 10,636 14,826 29,022 43,665 50,774 48,351 Net current earnings before income taxes 112,573 Recoveries, transfers from reserves, and profits On securities: Profits on securities Recoveries Transfers from reserves On loans: Recoveries Transfers from reserves All other 214,399 Kansas City Dallas 104,849 110,522 93,505 124,839 225,857 63,916 61,374 100,751 96,623 94,059 16,425 28,974j 6,674 8,027 6,470 6,650 16,595 5,109 5,337 6,891 7,307 15,220 1,650 233 2,459 4,571 156! 6,470 3,237 71 89 1,974 72 2,620 2,515! 40 i 771 2,362 84 249 6,005 311 3,294 2,007 51 351 702 295 697 1,750 361 850 2,103 74 406 2,566 71 7,891 290 4,291 7,502 480l 5,437' 11,860! 455 1,575 1,247 567 1,315 1,479 465 1,169 1,510 404 1,112 2,439 514 2,971 3,500 563 750 1,387 1,098 262 2,283 1,663 542 1,725 2,131 788 1,805 381 379 3,932 Losses, charge-offs, and transfers to reserves On securities: Sold Charge-offs prior to sale Transfers to reserves On loans: Losses and charge-offs Transfers to reserves All other 26,077 61,284 22,814 21,360 20,300 36,037 56,274 16,336 15,123 25,392 31,734 32,340 . 2,995 141 1,046 4,996 260! 5,741 1,098! 38,7121 10,477' 2,618 201 921 2,607 262 729 1,767 236 170 1,882 357 1,396 7,910 607 1,581 1,417 494 774 1,000 346 576 1,494 984 409 2,070 407 1,150 1,258 67 3,289 634 14,139 4,301 1,068 14,253 2,441 1,080 15,053 1,994 2,389 25,511 4,502 1,0681 37,926i 7,182 1,227 8,914 3,510 783 11,060 1,358 4,330 14,574 3,601 3,541 20,901 3,665 1,475 21,803 4,448 Net income before related taxes 359 16,350 5,186 102,921 182,089 88,709 97,189 79,6751 95,452 186,178 52,689 51,588 82,250 72,196 76,939 Taxes on net income Federal State 32,058 26,039 6,019 39,803 34,405 5,398 25,867 25,430 437 29,168 29,168 27,4631 27,005 458 30,715 29,920 795 51,262 49,989 1,273 15,493 15,120 373 16,973 14,340 2,633 26,754 24,538 2,216 19,675 19,614 61 24,962 21,695 3,267 Net income 70,863 142,286 62,842 68,021 52,212 64,737 134,916! 37,196 34,615 55,496 52,521 51,977 Cash dividends declared. On preferred stock 1 On common stock 31,085 58 31,027 64,485 3,366 61,119 30,227 428 29,799 27,198 313 26,885 21,307 106 21,201 25,383 231 25,152 47,419 840 46,579 13,500 166 13,334 15,178 76 15,102 21,972 131 21,841 23,141 271 22,870 25,991 2,678 23,313 Memoranda items: Recoveries credited to reserves: 2 On securities On loans Losses charged to reserves: 3 On securities On loans 14 2,988 384 7,009 9 2.362 28 3,916i 193 1,936 27 9,255 9 1,803 6 1,550 18 5,186 86 7,392 230 3,988 267 9,241 2,899 23,587 1,019 7,423 352! 220 6,747 614 23,198 435 5,661 25 7,321 248 13,890 257 19,632 130 16,045 Assets, deposits, and capital accounts: Loans U.S. Govt. securities Other securities Cash assets4 Other assets . 4,365 1,118 985 1,233 170 10,876 3,241 3,131 2,375 385 4,217 1,651 1,138 1,005 150 4,535i 2,1901 1,135| 1,222! 1481 3,548 1,305 711 1,029 136 10,134 5,152 2,692 2,685 356 2,354 1,286 680 834 2,442 1,172 663 630 3,647 1,660 830 1,303 127 3,972 1,432 1,058 1,583 204 4,558 1,260 764 1,047 261 7,872 20,008 8,162 9,229 6,728 10,170 21,018 5,241 5,019 7,568 8,248 7,891 2,529 5,979! 585j 3,548! 9,168 800; 10,102 19,168 1,465 1,953 4,757 424 2,334 4,553 378 2,466 6,808 658 2,667 7,478 667 3,479 7,031 683 3,500 j 4,806i 13,726,' 20,313| 392j 4941 8,161 33,431 2,857j 8,390 3,000 8,019 4,928 13,020 4,793 14,026 3,947 16,942 487 813 Total assets Time deposits Total deposits Total capital accounts4 Number of officers Number of employees Number of banks 2,4081 6,8331 6741 8,970 17,903 1,497 3,806 7,245 719 4,219 8,284 756 3,4111 17,570 6,712 36,909 3,426 13,249 3,673 15,240 394 488 For notes see p. 8. 18 980 468 6. MEMBER BANK INCOME RATIOS, BY FEDERAL RESERVE DISTRICT, 1965 A. ALL BANKS (Computed from aggregate dollar amounts) Federal Reserve district Item Boston Summary ratios: Percentage of total capital accounts: Net current earnings before income taxes. Net income before related taxes Net income Cash dividends declared Percentage of total assets: Total operating revenue Net current earnings before income taxes. Net income Sources and disposition of income: Percentage of total operating revenue: Interest and dividends on: U.S. Govt. securities '. Other securities Revenue on loans Service charges on deposit accounts All other revenue 17.5 15.2 9.9 4.9 5.12 1.57 Philadelphia Cleveland Richmond Atlanta 15.8 13.8 9.4 4.9 New York 14.0 12.0 9.0 4.0 17.1 14.5 9.2 4.3 15.4 12.1 8.2 3.5 4.74 1.35 .81 4.52 1.22 .78 4.83 1.41 .76 4.70 1.24 .66 Chicago 15.3 13.1 9.5 3.8 4.48 1.11 .69 St. Louis Minneapolis Kansas City Dallas San Francisco 14.6 12.4 8.8 3.8 16.5 14.0 9.2 4.3 14.5 12.1 8.0 3.7 14.3 11.2 7.8 4.2 16.1 13.3 9.0 5.1 4.25 1.22 .73 4.82 1.26 .71 4.60 1.29 .71 4.2' i.r .64 5.27 1.17 .66 9.1 6.2 65.5 5.8 13.4 9.2 9.0 68.0 3.2 10.6 12.3 7.2 67.0 3.8 9.7 14.9 9.9 63.8 4.0 7.4 13.7 6.1 67.6 5.8 6.8 14.7 7.1 65.2 6.4 6.6 15.7 8.5 64.6 3.5 7.7 16.0 8.4 66.0 3.9 5.7 15.6 7.5 63.9 5.5 7.5 15.3 6.5 66.1 5.8 6.3 13.6 7.6 69.0 4.3 5.5 9.4 6.3 70.9 7.0 6.4 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 25.4 3.9 19.6 4.8 15.7 20.3 3.8 31.7 4.8 12.1 22.0 3.5 26.2 4.5 15.2 19.9 2.7 32.4 3.4 14.7 24.1 2.9 24.1 4.2 15.4 23.9 3.2 24.9 4.3 17.3 20.3 3.0 34.4 3.8 13.7 22.1 2.9 26.2 4.0 16.0 22.2 3.2 28.9 4.0 15.6 24.6 2.7 24.4 4.4 15.9 21.2 2.6 27.0 4.5 17.3 23.2 3.1 35.4 4.5 11.7 Total expenses 69.4 72.7 71.4 73.1 70.7 73.6 75.2 71.2 73.9 72.0 72.6 77.9 Net current earnings before income taxes 30.6 27.3 28.6 26.9 29.3 26.4 24.8 28.8 26.1 28.0 27.4 22.1 6.4 5.2 15.7 3.6 7.9 17.1 3.8 5.8 17.3 4.5 9.0 15.8 5.7 I 6.7 14.0 3.5 5.9 15.4 4.3 7.2 17.3 3.9 7.6 14.6 4.7 7.9 15.4 5.9 6.5 15.0 3.8 5.9 12.4 Total revenue Salaries and wages Officer and employee benefits Interest on time deposits Net occupancy expense Other current expenses Net losses including transfers (or recoveries and profits -f) Taxes on net income Net income after taxes Rates of return(per cent) on securities and loans: Return on securities: Interest on U.S. Govt. securities Interest and dividends on other securities.. Net losses (or recoveries and profits + ) 1 . . Return on loans: Revenue on loans Net losses (or recoveries + )' 3.49 3.15 .02 5.99 .14 3.64 2.97 .05 3.78 3.11 3.79 3.00 3.74 3.16 3.71 3.11 .02 3.72 3.02 3.85 3.10 .05 + .03 3.87 3.03 3.77 2.99 .06 5.421 .14 5.87 .12 5.66! .09 6.14 .13 6.29 .25 5.67 .12 5.79 .13 6.14 .16 6.12 .28 5.96 .26 Distribution of assets: Percentage of total assets: U.S. Govt. securities Other securities Loans Cash assets Other assets 13.2 10.9 56.0 17.4 2.5 Other ratios (per cent): Total capital accounts to: Total assets Total assets less U.S. Govt. securities and cash assets Total deposits 9.0 8.3 8.6 12.9 10.4 11.8 9.7 31.5 3.70 40.2 3.99J Time to total deposits Interest on time deposits to time deposits.. Number of banks 11.3 12.3 53.9 18.5 4.0 16.0 11.5 54.0 16.3 2.2 17.8 14.4 51.0 15.0 17.4 9.8 53.2 17.5 2.1 8.2 8.0 12.7 9.7 12.9 9.8 12.7 9.3 43.8 3.21 48.5 3.40 252 504 1 Net losses is the excess of (1) actual losses charged against net income plus losses charged against valuation reserves over (2) actual recoveries and profits credited to net income plus recoveries credited to valuation 6.40 19.0 12.2 51.0 15.7 2.1 18.3 11.9 48.5 19.6 1.7 8.3 7.6 8.8 8.2 7.3 13.1 9.0 11.1 8.1 13.4 9.3 11.9 8.5 14.4 9.9 13.0 9.2 10.1 8.1 37.6 3.48 35.5 3.67 47.0 3.66 35.5 3.51 45.2 3.42 33.8 3.71 35.4 3.65 53.3 3.92 409 j 520 495 835 675 225 18.5 10.5 48.7 19.9 2.4 1,006 19.6 11.7 50.1 16.4 2.2 18.2 9.8 49.8 20.2 2.0 15.4 10.8 49.6 21.3 2.9 3.75 3.26 + .04 13.3 10.2 58.4 14.9 3.2 reserves; net recoveries and profits is the reverse. Transfers to and from valuation reserves are excluded. 2 Ratio of less than .005. 19 6. MEMBER BANK INCOME RATIOS, BY FEDERAL RESERVE DISTRICT, 1965 — Continued B. RESERVE CITY BANKS (Computed from aggregate dollar amounts) Federal Reserve district Boston New York Philadelphia Cleveland Richmond 18.8 15.1 8.8 5.4 15.1 12.8 9.9 6.4 17.5 15.9 10.4 5.9 13.6 11.5 9.0 4.2 18.2 Item Summary ratios: Percentage of total capital accounts: Net current earnings before income taxes. Net income before related taxes Net income Cash dividends declared Percentage of total assets: Total operating revenue Net current earnings before income taxes Net income Sources and disposition of income: Percentage of total operating revenue: Interest and dividends on: U.S. Govt. securities Other securities Revenue on loans Service charges on deposit accounts All other revenue 5.01 1.83 .86 5.20 1.05 .70 4.40 1.23 .81 4.75 1.45 .86 15.4 9.6 5.0 4.70 1.43 .75 Atlanta 15.2 12.3 8.3 3.8 4.45 1.26 .69 Chicago 13.9 10.9 8.7 4.3 4.31 .97 .61 St. Louis Minneapolis Kansas City Dallas San Francisco 14.2 12.5 8.8 4.4 17.1 14.8 9.4 4.9 13.4 11.5 7.5 4.1 14.1 11.6 7.8 4.9 16.6 13.8 9.4 5.4 3.97 1.22 .76 9.4 8.8 72.6 4.4 4.8 8.3 5.3 68.5 3.8 14.1 11.6 11.2 64.4 3.4 9.4 12.7 5.9 66.8 6.1 8.5 12.2 6.5 68.2 5.0 8.1 13.4 8.4 66.9 3.8 7.5 70.4 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 24.2 3.6 16.5 4.1 15.1 20.8 3.0 39.2 4.5 23.3 5.0 18.9 2.7 33.2 3.3 12.2 15.9 24.0 3.0 22.8 4.6 14.0 15.2 22.5 3.5 24.1 4.1 17.5 20.9 3.2 34.9 4.3 14.3 Total expenses 63.5 79.7 69.5 72.1 69.6 71.7 Net current earnings before income taxes 36.5 20.3 30.5 27.9 30.4 7.1 12.3 17.1 3.0 3.9 13.4 2.9 9.5 18.1 4.4 5.2 18.3 4.7 9.7 16.0 Total revenue Salaries and wages Officer and employee benefits Interest on time deposits Net occupancy expense Other current expenses Net losses including transfers (or recoveries and profits + ) Taxes on net income Net income after taxes Rates of return (per cent) on securities and loans: Return on securities: Interest on U.S. Govt. securities Interest and dividends on other securities Net losses (or recoveries and profits + ) 1 . Return on loans: Revenue on loans Net losses (or recoveries + ) 1 7.4 4.4 64.4 2.4 21.4 3.27 2.86 .54 3.96 5.66 .13 4.3 21.0 3.67 100.0 100.0 100.0 100.0 20.7 3.1 24.6 3.8 17.0 21.5 3.4 23.7 4.1 16.7 22.3 2.9 25.1 4.5 15.6 16.1 2.6 29.7 22.8 3.0 36.5 4.4 17.7 11.0 77.6 69.2 69.4 70.4 69.5 77.7 28.3 22.4 30.8 30.6 29.6 30.5 22.3 5.3 7.5 15.5 4.8 3.6 14.0 3.8 8.0 19.0 4.1 9.7 16.8 4.1 9.0 16.5 5.3 8.4 16.8 3.8 6.0 12.5 3.60 3.28 3.86 3.07 .14 .18 .02 + .02 6.66 .14 5.68 .11 5.44 5.87 .10 6.06 .13 3.61 3.17 + .03 5.62 .09 5.36 .08 11.3 7.8 57.0 20.7 3.2 Other ratios (per cent): Total capital accounts to: Total assets Total assets less U.S. Govt. securities and cash assets Total deposits 9.7 7.0 8.2 9.0 7.8 8.3 14.4 11.6 9.5 7.9 12.1 9.4 12.9 10.3 13.5 9.3 10.7 24.3 4.04 57.5 3.97 31.7 3.59 46.8 3.55 12.1 8.8 33.4 3.61 31.0 3.90 16 17 26 Time to total deposits Interest on time deposits to time deposits.. 10.3 8.1 57.3 21.7 2.6 13.9 15.7 52.2 16.3 1.9 Number of banks 15.0 8.8 50.2 23.6 2.4 15.9 11.5 51.4 19.3 1.9 6.9 11.7 10.7 52.2 23.6 1.8 13.3 3.70 3.13 3.77 3.21 .15 5.49 .23 7.1 3.4 3.54 3.10 3.73 3.25 + .03 5.4; 6.33 .19 + .15 5.56 .04 12.4 11.8 8.6 53.2 24.2 2.2 8.6 7.7 29.5 3.76 32.5 3.61 15 3.4 12.8 10.3 58.5 15.2 3.2 12.2 8.9 44.2 3.79 13.4 8.8 51.0 23.4 7.8 13.3 9.8 12.7 8.2 52.0 24.6 2.5 .r 15 NOTE.—Figures do not include reserve city banks in the cities of New York and Chicago. For other notes, see p. 19. 15.6 9.1 53.5 19.6 2.2 3.65 3.09 .09 Distribution of assets: Percentage of total assets: U.S. Govt. securities Other securities Loans Cash assets Other assets 12.4 14.6 56.7 13.5 2.8 5.21 1.16 .65 9.2 6.4 71.1 6.9 6.4 .23 3.82 3.04 3.84 1.17 .64 72.0 1.5 7.0 3.4 7.1 10.0 6.1 67.6 3.0 4.11 1.22 .68 11.6 6.4 69.5 3.2 9.3 3.14 3.13 10.7 8.4 4.38 1.34 .74 20 6. MEMBER BANK INCOME RATIOS, BY FEDERAL RESERVE DISTRICT, 1965 — Continued C. COUNTRY BANKS (Computed from aggregate dollar amounts) Federal Reserve district Item Summary ratios: Percentage of total capital accounts: Net current earnings before income taxes Net income before related taxes Net income Cash dividends declared Percentage of total assets: Total operating revenue Net current earnings before income taxes Net income Sources and disposition of income: Percentage of total operating revenue: Interest and dividends on: U.S. Govt. securities Other securities Revenue on loans Service charges on depost accounts All other revenue Boston New York Philadelphia Cleveland Richmond Atlanta 16.7 15.3 10.5 4.6 14.3 12.2 9.5 4.3 14.6 12.3 8.7 4.2 14.6 12.9 9.0 3.6 16.0 13.6 8.9 3.6 15.6 11.9 8.1 3.2 5.18 1.43 .90 4.91 1.07 .71 4.72 1.21 .77 4.70 1.20 .74 4.97 1.39 .78 4.87 1.23 .64 Chicago St. Louis 15.4 15.1 12.4 12.7 9.2 3.2 4.75 1.07 .64 3.2 4.52 1.22 .71 Minneapolis Kansas City Dallas 16.2 13.6 9.2 4.0 15.3 12.5 8.4 3.3 14.5 10.8 7.9 3.5 5.04 1.22 .69 4.93 1.33 .73 San Francisco 4.71 1.17 .64 9.9 7.1 66.1 7.6 9.3 12.3 9.3 67.3 5.9 5.2 15.3 8.6 65.9 3.7 6.5 19.6 8.0 62.9 4.9 4.6 14.7 6.3 68.4 5.5 5.1 16.3 7.4 63.2 7.4 5.7 19.9 8.1 62.5 5.0 4.5 20.4 8.5 62.3 4.3 4.5 18.0 8.1 62.3 6.5 5.1 17.4 6.5 64.2 7.3 4.6 14.6 7.9 66.7 6.5 4.3 10.9 5.7 69.7 7.5 6.2 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 26.0 4.1 21.1 21.3 4.1 14.6 31.2 3.6 15.7 24.3 2.8 25.5 3.8 15.6 24.7 3.0 25.4 4.4 21.7 2.8 34.9 4.0 23.3 2.7 27.6 4.2 22.5 3.1 5.2 15.9 22.9 3.4 32.3 5.0 14.6 14.0 15.2 15.1 25.4 2.5 24.8 5.4 17.3 25.9 2.7 24.0 4.4 16.0 17.0 25.5 3.0 30.2 5.0 15.0 Total expenses 72.4 78.2 72.8 74.5 72.0 ! 74.8 77.4 73.0 75.7 73.0 75.1 78.7 Net current earnings before income taxes 27.6 21.8 27.2 25.5 28.0 25.2 22.6 27.0 24.3 27.0 24.9 21.3 2.4 7.8 17.4 3.3 4.0 14.5 4.2 6.7 16.3 3.1 6.7 15.7 4.2 8.2 15.6 5.9 6.2 13.1 4.0 5.1 13.5 4.7 6.6 15.7 3.9 6.7 13.7 4.9 7.2 14.9 6.3 5.1 13.5 3.9 5.7 11.7 3.63 2.93 .07 3.73 2.93 2.93 .05 .02 3.87 3.06 .03 6.18 .14 6.07 .16 6.02 6.01 Total revenue Salaries and wages Officer and employee benefits Interest on time deposits Net occupancy expense Other current expenses Net losses including transfers (or recoveries and profits + ) Taxes on net income Net income after taxes Rates of return (per cent) on securities and loans Return on securities: Interest on U.S. Govt. securities Interest and dividends on other securities. Net losses (or recoveries and profits + ) 1 . . Return on loans: Revenue on loans Net losses (or recoveries -I-)1 21.2 Distribution of assets: Percentage of total assets: U.S. Govt. securities Other securities Loans Cash assets Other assets 14.2 12.5 55.4 15.7 2.2 Other ratios (per cent): Total capital accounts to: Total assets Total assets less U.S. Govt. securities and cash assets Total deposits Time to total deposits Interest on time deposits to time deposits. . Number of banks. 2.9 2.7 30.1 3.56 3.77 2.97 + .03 + .01 3.85 2.99 .04 3.76 2.96 .01 3.89 3.09 .02 2.94 6.44 .15 6.46 .34 6.16 .14 6.27 .19 6.45 .22 6.57 .31 19.4 10.6 52.7 15.3 2.0 3.80, 3.101 4.0 20.9 11.6 47.7 17.4 2.4 23.4 13.2 48.7 12.5 2.2 3.91 .02 21.9 11.0 48.2 17.2 1.7 16.2 15.6 54.4 11.9 1.9 20.2 14.0 51.7 12.3 1.8 23.7 12.3 49.1 13.3 1.6 8.2 8.7 7.9 7.0 8.1 7.5 10.4 8.4 13.1 9.9 13.0 9.1 13.3 9.8 12.7 8.7 11.1 7.6 13.6 8.9 11.8 8.3 14.3 35.2 3.58 50.1 3.53 52.5 3.05 50.9 3.20 42.3 3.37 38.7 3.55 52.7 3.45 41.1 3.35 51.3 3.37 247 394 402 488 392 494 980 3.94 2.92 8.6 21 24.5 12.8 48.2 12.8 1.7 24.5 13.0 44.9 15.9 1.7 3.82 3.31 .o: + .07 6.5: .34 6.76 .29 17.4 12.8 48.1 19.2 2.5 8.7 12.2 9.9 For notes, see p. 19. i 31.0 16.0 9.7 57.7 13.3 3.3 8.7 9.7 12.7 8.9 12.2 9.7 36.2 3.63 35.7 3.61 49.5 3.84 658 204 7. MEMBER BANK INCOME, EXPENSES, AND DIVIDENDS, BY SIZE OF BANK, 1965 (Amounts in thousands of dollars) Size group—total deposits (in thousands of dollars) Item Total Less than I 2,000 5,00010,000 2,0005,000 10,00025,000 25,00050,000 50,000100,000 100,000500,000 500,000 Revenue Interest and dividends on securities: U.S. Govt Other Interest and discount on loans Other charges on loans Service charges on deposits Other charges, fees, etc Trust department Other current revenue 13.817,774 33,046 291,753 555,715 1,123,271 861,958 908,025 2,704,833 7,339,173 1,682,843 1,078,177 9,119,348 167,657 652,716 223,650 657,123 236,260 7,553 1,415 20,885 152 1,903 797 61,609 17,339 184,406 1,786 17,111 6,350 442 2,710 107,600 40,634 352,778 3,998 33,789 9,779 1,837 5,300 197,608 87,707 711,620 10,855 72,759 18,230 13,444 11,048 142,364 68,463 542,030 9,613 53,613 15,699 20,512 9,664 142,477 71,452 574,873 10,150 54,644 15,887 27,638 10,904 345,538 204,978 1,773,734 32,824 139,346 41,281 135,978 31,154 678,094 586,189 4,959,022 98,279 279,551 115,627 457,272 165,139 Expenses Salaries—officers Salaries and wages—others Officer and employee benefits Directors' fees, etc Interest on time deposits Interest on borrowed money Net occupancy expense Furniture and equipment Other current expenses 10,185,358 1,043,650 1,972,305 447,270 48,513 4,210,058 183,645 596,627 332,947 1,350,343 25,768 7,523 3,266 683 669 6,460 401 1,704) 850 4,573 226,972 47,075 33,073 6,564 4,911 76,112 343 13,187 7,747 37,960 421,542 69,597 66,392 13,657 7,255 160,233 702 23,985 13,905 65,816 852,661 115,554 146,993 30,931 10,515 335,024 2,019 48,974 28,935 133,716 655,069 80,845 122,128 25,228 5,564 255,402 2,449 38,988 22,630 101,835 690,571 79,319 129,386 28,315 4,265 271,367 4,910 41,679 26,660 104,670 1,991,953 204,551 410,741 88,249 8,026 758,420 25,359 118,016 81,064 297,527 5,320,822 439,186 1,060,326 253,643 7,308 2,347,040 147,823 310,094 151,156 604,246 3,632,416 7,278| 64,781 134,173 270,610 206,889 217,454 712,880 2,018,351 775 Net current earnings before income taxes. Recoveries, transfers from reserves, and profits On securities: Profits Recoveries Transfers from reserves On loans: Recoveries Transfers from reserves All other Losses, charge-offs, and transfers to reserves On securities: Sold Charge-offs prior to sale Transfers to reserves On loans: Losses and charge-offs Transfers to reserves All other Net income before related taxes 341 5,375 9,783 19,555 13,924 15,401 79,201 185,714 67,418 5,129 90,947 64 12 2| 85 3,090 456 535 5,861 537 2,133 4,189 241 1,745 5,365 131 1,271 17,560 313 21,670 30,130 3,338 63,506 10,502 73,097 82,635 572! 39| 86 2,546 520 964 2,550 1,046 2,106 2,096 3,056 5,872 788 2,514 4,447 284 2,463 5,887 299 15,229 24,130 1,367 48,230 39,143 329,728 980,749 2,305 20,328 36,629 70,675 53,097 54,991 171,771 570,953 69,802 4,828 54,164 77 14 5 1,014 449 110 2,698 1,226 575 7,417 1,200 2,148 4,917 982 1,442 5,526 255 3,145 16,283 166 12,852 31,870 536 33,887 19,269 723,461 109,225 1,085 927 197! 7,167 9,087 2,501 5,381 22,071 4,678 3,506 46,647 9,757 1,425 37,509 6,822 139 39,288 6,638 375 120,483 21,612 191 447,449 57,020 2,981,395 5,748 49,828 107,327 219,490 167,716 177,864 620,310 1,633,112 188,489 176,815 11,674 474,581 407,369 67,212 877,654 786,709 90,945 1,349 1,245 104 12,797 11,736 1,061 29,688 27,702 1,986 64,451 60,936 3,515 50,640 48,029 2,611 55,659 52,877 2,782 Net income 2,103,741 4,399 37,031 77,639 155,039 117,076 122,205 431,821 1,158,531 Cash dividends declared. On preferred stock l.. On common stock. . . 1,055,273 52,194 1,003,079 1,797 1,797 14,544 28 14,516 28,459 64 28,395 59,243 354 58,889 47,286 600 46,686 53,257 1,056 52,201 199,746 6,804 192,942 650,941 43,288 607,653 269 22 2,997 31 6,808 179 11,976 175 8.224 514 19,025 2,665 42,172 20 7,610 187 17,270 1,008 33,600 118 8,725 720 26,862 1,896 27,776 4,019 64,896 13,485 167,049 9,353,567 10,202,900 32,244,415 3,683,505 3,656,664 9,023,690 2,530,078 2,581,223 7,182,567 2,576,275 2,925,882 10,294,846 405,396 1,327,700 375,949 96,899,527 18,492,040 19,009,700 30,616,518 6,074,198 Taxes on net income Federal State Memoranda items: Recoveries credited to reserves: 2 On securities On loans Losses charged to reserves: 3 On securities On loans Assets, deposits, and capital accounts: Loans U.S. Govt. securities Other securities Cash assets4 Other assets 3,704 100,196 21,335 345,791 169,528,379 44,864,748 36,735,381 52,728,044 8,975,153 323,353 204,880 46,968 133,618 10,396 2,972,812 1,671,335 631,398 1,018,708 110,469 Total assets. 312,831,705 719,215 6,404,722 12,158,867 24,092,261 18,519,374 19,772,065 60,073,218 171,091,983 Time deposits Total deposits Total capital accounts 4 . . . 120,843,644 275,067,146 24,834,157 221,791 625,183 87,857 2,513,749 5,157,830 10,615,906 7,978,755 8,266,866 22,514,297 5,709,906 10,986,265 21,819,847 16,740,182 17,828,088 53,726,798 637,586 1,033,836 1,882,039 1,384,160 1,473,833 4,590,888 90,959 458,386 1,235 1,204 6,008 10,157 7,861 19,039 11,518 40,964 7,473 34,181 6,635 33,197 16,698 99,349 443 1,651 1,541 1,402 487 258 263 Number of officers. . . . Number of employees. Number of banks NOTE.—Figures for assets, deposits, and capital accounts arc as of the end of the year; all other figures are for banks operating during the entire year. For other notes see p. 8. 5,734,825 11,796,980 2,935,065 5,197,569 1,482,957 3,270,490 1,794,519 3,367,678 211,501 459,544 22 8. MEMBER BANK OPERATING RATIOS BY SIZE OF BANK AND BY RATIO OF TIME TO TOTAL DEPOSITS, 1965 (Averages of individual ratios expressed as percentages) Ratio of time deposits to total deposits (per cent) Size group—total deposits (in thousands of dollars) Item Summary ratios: Percentage of total capital accounts: Net current earnings before income taxes Net income before related taxes Net income Cash dividends declared Percentage of total assets: Total operating revenue Net current earnings before income taxes Net income Sources and disposition of income: Percentage of total operating revenue: Interest and dividends on: U.S. Govt. securities Other securities Revenue on loans Service charges on deposit accounts All other revenue Total revenue. . . All 13.9 11.3 8.3 3.1 5.06 1 19 JO 19.9 1,000 and under 1,0002,000 6.7 4.8 3.8 1.6 19.9 3.1 65.6 7.1 4.3 100.0 8.0 6.3 2.3 100.0 25.3 2.5 12.1 10.0 7.6 2.7 10.0 I 5.68 .65 .24 7.1 63.6 5.7 3.7 2,0005,000 ! | I ! 38.1 5.09 1.16 .71 5.27 1.11 .67 5,000- 10,000- 25,000- 50,000- Over Under 10,000 25,000 50,000 100,000 100,000 25 14.4 12.5 8.9 3.6 50 and 25-50 14.4 11.6 8.4 3.1 14.7 11.9 8.7 3.1 5.02 1.23 .72 15.6 12.6 8.9 3.4 5.06 1.22 .70 16.4 13.1 9.2 3.7 5.00 1.20 .68 15.9 13.3 9.3 3.8 4.89 1.18 .69 16.6 14.1 9.9 4.7 4.80 1.28 .75 4.67 1.48 .91 13.2 10.6 8.0 2.9 5.12 1.22 .70 5.10 1.06 .63 22.5 6.4 62.7 5.4 3.0 20.3 7.7 63.4 5.7 2.9 18.2 8.1 63.9 6.2 3.6 16.9 8.2 63.5 6.3 5.1 16.5 8.3 63.7 5.7 5.8 12.5 7.6 67.1 4.8 8.0 22.8 6.8 59.9 6.5 4.0 19.2 7.0 19.9 7.4 63.3 6.4 4.1 64.9 4.7 3.1 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 26.8 22 26.9 4.2 16.5 24.1 2.5 29.4 4.1 23.4 2.9 29.9 4.5 15.2 22.6 3.0 30.4 4.4 15.4 22.4 3.3 28.2 4.3 26.5 2.5 24.8 4.8 16.9 21.5 2.4 37.3 3.7 14.2 23.4 4.7 63.2 I 5.4 ! 3.3 I 16.0 8.0 23.2 31.5 2.0 20.7 5.0 18.4 15.2 23.2 2.8 30.2 4.3 15.4 15.0 33.3 2.8 8.6 5.1 18.0 Total expenses. 76.1 85.8 77.6 76.6 75.3 75.9 75.9 75.8 73.2 67.8 75.5 79.1 Net current earnings before income taxes 23.9 14.2 22.4 23.4 24.7 24.1 24.1 24.2 26.8 32.2 24.5 20.9 2.6 4.0 .6 2.8 6.8 2.8 2.7 1.4 2.7 1.9 5.5 14.6 2.6 2.1 2.0 1.9 7.0 15.9 2.7 1.3 8.1 3.0 1.7 20.1 14.3 2.2 1.7 4.3 12.7 Salaries and wages Officer and employee benefits Interest on time deposits Net occupancy expense Other current expenses Net losses (or recoveries and profits + ) 1 . Net increase in valuation reserves Taxes on net income Net income after taxes Rates of return (per cent) on securities and loans Return on securities: Interest on U.S. Government securities... Interest and dividends on other securities. Net losses (or recoveries and profits -(-)1. . Return on loans: Revenue on loans. Net losses ' 27.9 4.4 1.7 5.3 14.3 1.4 3.9 14.3 3.93 4.36 4.62 6.83 .23 8.07 .37 4.6 14.7 Other ratios (per cent): Total capital accounts to: Total assets Total assets less U.S. Government securities and cash assets Total deposits 16.4 10.8 Time to total deposits Interest on time deposits to time deposits 2. Trust department revenue to total revenue 2 44.5 3.4' 2.9 25.1 4.3 46.6 21.6 2.2 H 28.5 6.3 45.8 17.7 1.6 3.92 3.21 .04 3.79 3.20 .02 3.68 3.24 .04 3.94 3.57 + .01 3.96 3.47 .02 3.89 3.41 .04 6.84 .22 6.73 .20 6.29 .17 6.10 .16 6.82 .23 6.94 .27 6.69 .18 46.9 14.7 1.6 22.9 12.8 48.4 14.0 1.7 21.5 13.0 49.3 14.2 1.6 20.6 12.5 49.7 15.1 1.5 15.9 1 1.4 52.7 17.6 1.5 25.6 9.8 41.6 21.5 1.4 10.3 25.4 28.5 3.28 16.6 36.2 3.38 .5 104 494 25.2 11.4 49.8 12.0 1.4 23.8 10.6 47.0 16.6 1.8 8.6 8.0 11.1 19.0 11.9 14.8 9.7 13.0 9.0 8.4 22.8 12.9 16.8 11.1 43.6 3.42 2.3 46.8 3.44 1.5 48.0 3.48 2.2 46.3 3.55 3.2 13.5 3.09 4.3 39.0 3.55 3.2 ,495 1,276 1,699 449 247 327 672 3,015 2,404 I For notes see p. 25. 3.94 3.24 .03 27.3 9.4 46.1 15.5 1.5 18.3 6,091 14.2 5.5 6.99 .25 7.28 .29! 24.5 10.8 47.5 15.3 1.6 1.8 6.1 1.9 5.7 13.9 3.97 3.67 3.98 4.30 3.46 .0: Distribution of assets: Percentage of total assets: U.S. Government securities Other securities Loans Cash assets Real estate assets Number of banks ' 2.1 14.4 23 9. MEMBER BANK OPERATING RATIOS BY RATIO OF TIME TO TOTAL DEPOSITS, BY SIZE OF BANK, 1965 (Averages of individual ratios expressed as percentages) Banks with ratios of time to total deposits of under 25 per cent Item All groups Banks with ratios of time to total deposits of 25-50 per cent Banks with ratios of time to total deposits of 50 per cent and over Size group—total deposits (in thousands of dollars) 2,000 2,000 2,000 and 2,000- 5,000- Over and 2,000- 5,000- Over and 2,000- 5,000- Over under 5,000 25,000 25,000 under 5,000 25,000 25,000 under 5,000 25,000 25,000 Summary ratios: Percentage of total capital accounts: Net current earnings before income taxes Net income before related taxes Net income Cash dividends declared Percentage of total assets: Total operating revenue Net current earnings before income taxes Net income Sources and disposition of income: Percentage of total operating revenue: Interest and dividends on: U.S. Government securities Other securities Revenue on loans Service charges on deposit accounts All other revenue 13.9 11.3 83 3.1 5 06 1.19 .70 10.8 9.4 75 3.1 4 79 1.34 .93 14.1 12.3 91 3.9 4 57 1.51 .96 16.5 13.6 91 3.5 4 74 1.53 .85 18.5 16.7 10 3 4.2 4 54 1.57 .88 9.2 6.8 5.4 1.8 5.59 .96 .48 12.2 9.8 7.6 2.6 5.22 1.15 .69 16.0 12.9 9.2 3.3 5.06 1.30 .75 16.9 13.9 9.4 4.2 4.85 1.29 .72 8.2 6.3 4.8 1.7 5.47 .80 .42 11.4 9.3 7.1 2.4 5.12 1.04 .64 14.1 11.3 8.3 3.1 5.05 1.10 .65 15.0 12.1 9.2 3.7 5.08 1.04 .64 19.9 7 1 63.6 5 7 3.7 25.6 44 61.0 5 8 3.2 24.5 8 1 58.3 61 3.0 21.3 7 5 59.4 79 3.9 15.1 6 3 63.8 5 9 8.9 21.6 4.4 64.0 6.1 3.9 21.8 62 62.6 6.2 3.2 19.0 7.7 62.9 6.8 3.6 14.8 7.7 64.9 5.7 6.9 22.0 4.3 66.4 4.5 2.8 22.6 5.9 64.5 4.2 2.8 19.4 8.1 65.0 4.8 2.7 16.3 9.0 64.5 5.6 4.6 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 25.3 2.5 27.9 4.4 16.0 39 3 2.2 5.9 5.4 18 7 33 5 2.6 7.8 4.7 17 9 30 6 3.2 10.1 5.5 17 7 26 0 3.5 13.3 4.7 17.8 31.6 2.0 21.5 6.1 20.0 28.3 2.1 24.5 4.8 17.5 25.5 2.7 25.1 4.6 16.2 23.6 3.2 26.3 4.5 15.8 26.0 1.8 33.6 4.3 18.1 22.5 2.1 37.0 3.4 14.5 20.8 2.4 37.6 3.6 13.9 21.1 2.7 37.9 4.3 13 * Total expenses 76.1 71.5 66.5 67.1 65.3 81.2 77.2 74.1 73.4 83.8 79.5 78.3 79 Net current earnings before income taxes 23.9 28.5 33.5 32.9 34.7 18.8 22.8 25.9 26.6 16.2 20.5 21.7 20.- Net losses (or recoveries and profits + ) ' Net increase in valuation reserves Taxes on net income Net income after taxes 2.6 1.7 5.3 14.3 2.0 1.3 5.2 20.0 3.1 .9 8.0 21.5 3.5 1.8 9.1 18.5 1.1 2.0 12.0 19.6 3.8 1.2 3.2 10.6 2.8 1.6 4.2 14.2 3.0 1.8 6.1 15.0 2.5 2.0 7.0 15.1 2.4 1.4 3.0 9.4 2.4 1.2 4.0 12.9 2.1 2.0 4.6 13.0 1" .? 4.0 12.6 Total revenue Salaries and wages Officer and employee benefits Interest on time deposits Net occupancy expense Other current expenses Rates of return (per cent) on securities and loans: Return on securities: Interest on U.S. Government securities Interest and dividends on other securities Net losses (or recoveries and profits + ) 1 Return on loans: Revenue on loans Net losses 1 3.93 3.46 .02 4.02 4.63 .01 3.95 3.24 6 83 .23 7 17 .16 6 85 .26 3.95 3.15 3.70 3.31 4.10 4.18 .03 6 82 6.01 .29 .15 7.65 .43 + .03 + .03 Distribution of assets: Percentage of total assets: U.S. Government securities Other securities Loans Cash assets Real estate assets 24.5 10 8 47.5 15 3 1.6 Other ratios (per cent): Total capital accounts to: Total assets Total assets less U.S. Government securities and cash assets. . .... Total deposits 9.4 13.8 11.2 9.5 16.4 10.8 31.4 16.8 22.6 12.8 18.3 10.8 44.5 3.47 2.9 10.4 2.94 12.2 2.88 2.9 15.7 3.25 2.5 168 245 179 Time to total deposits Interest on time deposits to time deposits 2 Trust department revenue to total revenue 2 Number of banks ^ 6,091 28.8 5 8 41.0 23 1 1.1 27.1 11 8 39.5 20 2 1.3 For notes see p. 25. 24 24.1 11 2 42.0 20 8 1.7 4.01 3.85 3.98 3.20 .03 3.74 3.19 .03 7.18 6.92 .25 6.27 .22 + .01 .29 18.8 11.7 50.3 17.0 1.7 3.93 3.61 .02 3.87 3.26 .04 3.86 3.20 .05 7.18 6.81 .21 6.65 .16 6.41 .17 .22 28.6 5.9 51.0 12.9 1.5 28.2 8.8 48.9 P.6 1.4 24.5 12.5 49.7 11.7 1.5 21.0 14.3 51.3 11.6 1.4 27.1 6.1 46.6 18.0 2.0 26.6 9 1 45.9 16.5 1.8 8.7 14.8 10.6 8.5 7.8 13.7 9.7 8.1 7.1 15.2 9.9 28.2 19.1 19.5 12.3 14.4 9.5 12.3 8.8 24.5 17.3 17.1 11.0 12.9 9.0 10.5 7.8 18.8 3.54 6.4 38.2 3.52 39.2 3.57 3.0 39.4 3.50 2.1 38.3 3.67 4.3 59.9 3.45 60.9 3.42 1.1 60.3 3.44 1.7 58.5 3.59 2.9 80 307 803 576 123 651 17.7 8.9 48.1 23.2 1.5 23.5 12.1 46.4 16.1 1.7 3.95 4.41 + .02 1,329 1,263 367 10. MEMBER BANK OPERATING RATIOS BY FEDERAL RESERVE DISTRICT, 1965 (Averages of individual ratios expressed as percentages) Federal Reserve district All districts Summary ratios: Percentage of total capital accounts: Net current earnings before income taxes Net income before related taxes Net income Cash dividends declared Percentage of total assets: Total operating revenue Net current earnings before income taxes Net income Sources and disposition of income: Percentage of total operating revenue: Interest and dividends on: U.S. Government securities Other securities Revenue on loans Service charges on deposit accounts All other revenue Total revenue 13.9 11.3 8.3 3.1 5.06 1.19 .70 Boston New York 14.6 12.2 8.3 3.6 13.0 10.5 7.9 3.3 5.38 1.38 .78 5.11 1.04 .61 Philadel- Cleve- Richphia land mond 12.7 10.6 8.0 3.1 4.85 1.17 .74 4.75 1.17 .74 14.9 12.5 8.6 3.1 5.17 1.33 .75 Chi- 14.7 11.5 8.5 2.8 MinneapSt. Louis olis 14.7 12.2 9^0 3.0 4.59 1.26 .78 5.28 1.22 .70 14.9 13.0 9.3 3.6 5.17 1.17 .73 KanSan sas Dallas FranCity cisco 13.7 10.9 7.9 3.1 5.19 1.25 .69 13.5 10.0 7.8 3.2 5.21 1.21 .69 11.7 8.6 5.7 2.5 6.03 .93 .35 67.1 3.2 3.2 100.0 100.0 Total expenses 74.2 Net current earnings before income taxes 79.6 18.5 6.0 67.3 4.3 3.9 18.3 7.3 62.6 7.6 4.2 24.8 7.2 59.5 5.0 3.5 24.8 8.2 60.4 3.6 3.0 21.1 8.4 59.7 5.8 5.0 19.4 6.0 64.1 7.1 3.4 16.3 7.8 66.0 6.5 3.4 16.0 4.5 66.8 7.9 4.8 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 21.3 2.4 32.7 3.4 15.5 23.4 2.5 28.6 3.8 15.6 25.8 2.6 25.8 4.8 17.5 24.1 2.5 31.7 4.0 14.6 24.5 24.4 29.1 4.1 3.7 15.7 14.8 29.6 2.4 21.9 4.5 16.5 18.2 27.8 2.6 29.7 5.5 18.1 75.8 75.3 73.9 76.5 76.9 72.4 77.3 74.9 75.9 83.7 24.7 100.0 21.1 7.2 64.6 4.2 2.9 20.4 2.5 34.5 3.6 14.8 19.9 7.1 63.6 5.7 3.7 Salaries and wages Officer and employee benefits Interest on time deposits Net occupancy expense Other current expenses 26.1 23.5 23.1 27.6 22.7 25.1 24.1 16.3 3.8 4.3 1.5 4.1 4.2 1.6 4.0 6.5 25.8 Net losses (or recoveries and profits -\-)1 Net increase in valuation reserves Taxes on net income Net income after taxes 2.0 1.2 5.8 15.7 Rates of return (per cent) on securities and loans: Return on securities: Interest on U.S. Government securities Interest and dividends on other securities Net losses (or recoveries and profits + ) ' Return on loans: Revenue on loans. Net losses ' 13.4 11.5 8.4 3.2 Atlanta 3.66 3.80 3.20 .07 3.31 .04 6.83 .23 6.41 .15 2.4 25.7 .7 1.9 5.6 14.5 2.1 2.1 6.9 15.0 3.80 3.27 .04 3.93 3.50 6.32 .14 6.99 .19 2.7 31.7 4.02 3.59 .01 7.21 .29 1.3 5.6 14.4 3.89 3.46 6.50 6.63 .18 3.98 3.32 3.94 3.63 .02 3.90 3.42 .01! .01 6.79 .06 7.09 2.0 20.7 5.9 14.2 4.12 3.41 .03 4.20 4.50 7.34 7.68 .44 .35 .01 Distribution of assets: Percentage of total assets: U.S. Government securities Other securities Loans Cash assets Real estate assets 24.5 10.8 47.5 15.3 1.6 Other ratios (per cent): Total capital accounts to: Total assets Total assets less U.S. Government securities and cash assets Total deposits 8.2 9.0 8.4 16.4 10.8 17.0 11.7 13.7 10.1 15.3 10.8 15.5 I 16.7 10.1 | 11.5 15.6 10.4 15.5 9.2 17.6 10.1 14.5 9.3 44.5 3.47 33.4 3.41 4.6 55.1 3.59 3.3 59.5 3.13 3.0 53.8 3.18 3.3 40.6 3.66 2.9 48.6 3.40 2.6 38.1 3.34 2.4 51.9 3.44 2.7 31.2 48.1 3.63 3.88 3.0 2.3 406 488 Time to total deposits Interest on time deposits to time deposits ~ . . Trust department revenue to total revenue 2 . Number of banks -' 19.5 I 21.0 8.5 13.2 52.0 53.6 1.9 16.3 | 2.0 j 1.5 6,091 246 j 404 1 Net losses is the excess of (a) actual losses charged against net income plus losses charged against valuation reserves over (b) actual recoveries and profits credited to net income plus recoveries credited to valuation reserves; net recoveries and profits is the reverse. Transfers to and from reserves are excluded. 2 Banks reporting no interest paid on time deposits or trust department revenue, as the case may be, were excluded in computing this average. i The ratios for 130 member banks in operation at the end of 1965 were excluded from the compilations because of unavailability of data 25.9 10.5 49.0 13.2 1.4 23.4 9.5 50.4 28.3 11.3 42.2 16.7 1.4 14.7 1.8 9.6 10.0 2.9 23.5 12.1 51.0 11.9 1.4 403 487 i 996 ! 473 26.6 12.9 45.9 12.9 1.4 488 17.5 1.3 19.2 11.8 46.6 20.2 2.1 10.3 10.2 12.5 17.7 11.8 20.8 16.5 24.3 9.3 47.4 826 666 22.2 7.0 53.0 14.9 2.3 208 covering the complete year's operations, certain accounting adjustments, lack of comparability, etc. 4 No ratios are shown for groups of less than 3 banks. NOTE.—Figures for revenue, expenses, etc., used in the calculations were taken from the annual income and dividends reports for 1965. Balance-sheet figures used in the compilations were obtained by averaging the amounts shown in each bank's official condition reports submitted for Dec. 31, 1964, and June 30, 1965. Savings deposits are included in the time deposit figures used in these tables. 25 11. INSURED COMMERCIAL BANK INCOME, EXPENSES, AND DIVIDENDS, 1941-65 (Amounts in thousands of dollars) Item 1942 1941 Revenue Interest and dividends on securities: U.S. Govt Other Interest and discount on loans Other charges on loans Service charges on deposits Other charges, fees, etc Trust department Other current revenue 1,729,901 Expenses Salaries—officers Salaries and wages—others Officer and employee benefits Directors' fees, etc Interest on time deposits Interest on borrowed money Net occupancy expense Furniture and equipment Other current expenses 1,790,692 1943 1944 1945 1946 1947 1948 1949 2,214,905 1,959,481 2,482,278 2,862,875 3,097,670 3,403,586 3,606,879 1,218,517 176,620 936,554 14,564 124,696 97,995 140,340 153,589 1,079,535 179,408 1,263,788 18,386 147,761 97,264 144,734 166,794 1,008,138 189,559 1,577,633 22,315 173,791 97,456 156,678 178,016 1,013,515 201,691 1,733,690 26,090 194,013 95,420 160,430 182,030 610,298 804,717 12,084 84,309 55,148 100,652 123,484 861,412 692,305 13,513 95,332 67,533 104,710 124,676 1,090,253 680,708 17,320 107,375 78,485 112,486 128,278 1,132,977 167,198 707,738 18,860 109,789 90,617 120,317 134,782 [,215,766 211,311 302,627 1,222,157 219,388 333,171 1,256,025 225,142 356,958 1,356,680 240,354 386,346 1,522,778 266,018 424,881 1,762,634 309,220 521,709 1,981,787 344,845 602,266 2,163,514 381,756 662,696 2,283,727 410,685 700,065 13,151| 190,256! 374 174,674 336 11,541 11,775 163,900 502 12,907 186,773 1,112 14,610 233,321 2,448 16,936 268,624 2,364 18,954 298,274 2,656 20,859 316,570 3,432 22,608 328,010 3,582 509,175 847,832 139,698 ' 233, i96 498,047 483,047 497,748 529,188 581,500 643,781 714,792 778,201 818,776 514,135 568,535 703,456 858,225 959,500 1,100,241 1,115,883 1,240,072 1,323,153 324,453 222,775 353,015 361,726 509,329 408,608 262,042 266,439 213,187 145,189 73,589 66,457 55,947 103,143 91,891 129,834 92,778 266,764 122,364 208,700 59,515 100,189 45,360 60,025 29,221 24,161 73,196 16,412 26,672 70,947 34,728 68,546 31,825 85,664 72,317 84,224 54,890 67,014 53,187 74,499 65,894 67,687 48,806 39,748 48,934 64,350 23,142 28,220 45,546 271,118 290,645 265,881 264,122 283,175 294,286 485,753 379,824 161,073 3 120,614 116,383 110,439 132,870 132,254 118,498 78,590 40,941 38,671 33,044 103,868 69,025 80,647 69,857 75,223 99,039 70,090 85,352 55,901 75,351 71,253 79,668 120,370 55,418 32,393 278,666 55,163 29,064 221,167 57,878 504,6221 520,192 765,826 954,070 1,204,707 1,225,674 1,083,639 1,020,758 1,156,514 50,000 50,000; 79,541 79,541 127,865 114,316! 13,549 202,821 187,032 15,789 298,795 277,538 21,257 323,328 301,048 22,280 302,242 283,046 19,196 275,422 258,490 16,932 325,148 304,572 20,576 Net income. 454,622 440,651 637,961 751,249 905,912 902,346 781,397 745,336 831,364 Cash dividends declared. On preferred stock l.. On common stock . . . 253,396 17,563 235,833 227,608 14,523 213,085 233,490 14,324 219,166 253,193 13,645 239,548 274,438 11,769 262,669 298,983 8,345 290,638 315,215 5,981 309,234 331,833 5,230 326,603 354,144 5,093 349,052 7,224 10,844 2,600 19,645 Net current earnings before income taxes. . Recoveries, transfers from reserves, and profits On securities: 1-ronts Recoveries Transfers from reserves On loans: Recoveries Transfers from reserves All other Losses, charge-offs, and transfers to reserves On securities: Sold Charge-offs prior to sale Transfers to reserves On loans: Losses and charge-offs Transfers to reserves All other Net income before related taxes. . . Taxes on net income. Federal State i | 333,966| i Memoranda: Recoveries credited to reserves: 2 On securities On loans Losses charged to reserves: 3 On securities On loans Assets, deposits, and capital accounts: Loans U.S. Govt. securities Other securities Cash assets 4 Other assets 18,031 46,486 19,857,387 20,030,625 18,380,838 20,310,112 23,500,772 27,768,295 33,863,334 39,650,962 19,160,565 29,231,826 50,315,698 67,231,161 82,417,236 81,835,381 70,229,835 64,291,298 6,997,406 6,802,771 6,321,794 6,088,482 6,623,089 7,556,923 8,315,081 8,872,676 25,693,758 25,922,701 26,774,094 28,042,727 31,236,090 33,286,775 34,279,792 36,247,026 1,801,014 1,678,528 1,577,765 1,496,381 1,440,251 1,449,396 1,482,219 1,664,551 Total assets. . 73,510,130 83,666,451 103,370,189 123,168,863 145,217,438 151,896,770 148,170,261 150,726,513 151,566,078 Time deposits Total deposits Total capital accounts 4 15,841,335 15,888,547 17,627,615 66,168,797 76,134,514 95,506,221 6,762,963 6,951,393 7,246,433 Number of officers Number of employees. Number of banks 1 2 57,067 211,115 54,925 216,473 13,347 13,274 13,268 3 Includes interest on capital notes and debentures. Not included in recoveries above. 59,119 245,275 55,309 225,647 13,427 26,979,470 31,939,078 34,378.653 35,322,398 35,902,235 135,948,387 141,829,678 137,537,907 139,517,461 139,764,394 H,537,907 J9,517,461 8,334,670 9,010,013 9,527,968 9,951,200 10,421,106 4 26 62,697 271,395 65,740 284,072 67,609 292,015 69,439 296,308 13,302 13,359 13,403 13,419 13,436 Not included in losses above. See note 4 on p. 8. 11. INSURED COMMERCIAL BANK INCOME, EXPENSES, AND DIVIDENDS, 1941-65 — Continued (Amounts in thousands of dollars) 1950 1952 1953 1954 1955 1956 1957 Revenue Interest and dividends on securities: U.S. Govt Other Interest and discount on loans Other charges on loans Service charges on deposits Other charges, fees, etc Trust department Other current revenue 3,930,696 4,395,411 4,931,688 5,483,954 5,773,787 6,377,705 1,015,456 225,425 1,976,100 31,724 212,272 104,602 180,674 184,445 983,662 249,495 2,390,106 34,595 230,507 116,140 192,313 198,593 1,099,059 276,993 2,742,100 42,295 244,696 121,868 204,967 199,713 1,206,965 297,739 3,107,885 47,850 271,444 132,978 217,996 201,101 1,272,731 324,823 3,205,894 57,550 311,806 144,140 246,223 210,621 1,333,690 1,342,842 1,442,379 351,041 412,497 370,045 3,625,528 4,339,866 4,879,676 71,048 73,562 83,815 339,975 385,927 440,892 155,004 168,497 186,815 281,841 322,117 354,520 219,579 229,068 249,828 Expenses Salaries—officers Salaries and wages—others Officer and employee benefits Directors' fees, etc Interest on time deposits Interest on borrowed money Net occupancy expense Furniture and equipment Other current expenses 2,444,534 446,043 755,681 2,701,313 486,300 864,519 3,028,575 530,035 965,197 3,375,552 582,405 1,069,890 3,638,087 622,862 1,139,013 3,960,173 4,457,198 5,119,182 666,152 720,866 773,769 1,229,756 1,372,262 1,493,778 24,745 343,040 4,296 27,343 385,344 9,667 30,871 458,059 20,921 34,591 534,493 24,171 37,197 618,341 8,556 870,729 928,142 1,023,495 1,130,0051 1,212,117 1,323,374 1,470,21 1,614,988 Net current earnings before income taxes. . . 1,486,164 1,694,100 1,903,112 2,108,398! 2,135,700 2,417,533 2,774,724 2,931,235 245,461 169,233 144,146 Recoveries, transfers from reserves, and profits On securities: Profits on securities Recoveries Transfers from reserves On loans: Recoveries Transfers from reserves All other Losses, charge-offs, and transfers to reserves On securities: Sold Charge-offs prior to sale Transfers to reserves On loans: Losses and charge-offs Transfers to reserves All other 39,563 678,237 23,093 7,231,921 42,61 805,857 45,392 8,050,416 45,396 1,141,715 49,538 152,373 631,496 239,598 250,171 198,413 90,469 14,718 38,639! 56,563 15,2921 12,285! 33,806 11,191! 20,492! 38,865 11,454 27,545 416,520 14,912 60,555 57,085 20,586 39,930 31,151 14,090 41,001 64,368 9,295 20,751 28,506! 29,9711 43,157 22,595 28,453' 34,046! 22,004 27,330 29,324 28,423 18,292 27,794 34,014 57,965 47,530 27,379 50,899 43,722 20,76: 77,606 65,563 21,183 39,757 43,063 448,323 552,606 707,155 993,534 757,432 155,969) 54,160 66,670 126,173 221,232 67,276 317,381 101,830 237,480 84,996 32,018 366,932 395,687 362,444 38,721 54,518 83,756 31,680 97,512: 29,5311 23,030; 191,248! 59,414 21,215j 204,2021 54,836; 23,637 154,510 57,253 31,774 132,127 74,291 29,269 222,998 107,497 28,159 303,600 86,886 452,940 89,369 25,636 321,870 87,452 1,467,645! 1,684,813 1,812,451 2,214,591 1,949,976 2,031,360 2,372,217 Taxes on net income Federal State 427,776 402,582 25,194 559,475 530,810 28,664 694,883 662,277! 32,606; 786,490 750,796; 35,693 907,560! 862,065! 45,495! 793,737 753,883 39,855 814,636 769,843 44,793 998,397 947,998 50,401 Net income. 936,915 908,175; 989,931. 1,025,963 1,307,032 1,156,240 1,216,725 1,373,821 Cash dividends declared On preferred stock • On common stock 391,249 4,333! 386916 418,860 3,876: 414,984! 441,971! 3,675 438,298! 473,866; 2,979' 470,888! 516,977 2,912 514,066 566,124 2,581 563,543 616,890 2,389 614,501 678,101 2,234 675,867 3,565! 20,385! 2,363 28,477: 4,355 31,508! 2,232^ 33,612: 3,154 40,384 3,146 39,794 3,332 42,717 2,646 50,824 6,324! 56,250! 17,725' 64,735| 25,598 64,607 38,480: 89,186; 15,841 89,495 68,140 88,417 95,505 123,529 74,529 117,937 46,250,272: 63,846,830 ,043,342 36,006,423; l,840,027| 54,533,2211 59,711,922 12,554,63 40,373,273 2,034,346 Net income before related taxes Memoranda items: Recoveries credited to reserves: 2 On securities On loans Losses charged to reserves: •' On securities On loans Assets, deposits, and capital accounts: Loans U.S. Govt. securities Other securities Cash assets4 Other assets Total assets Time deposits Total deposits Total capital accounts' Number of officers Number of employees Number of banks 1,364,690 75,800,688 86,291,628 91,493,989 63,808,049 58,257,149 57,238,574 16,294,075 16,179,498 16,725,206 45,474,318 43,510,745 2,918,119 3,255,814 3,858,353 I58,986,894j 169,207,394! 179,803,463 185,685,283.' 193,339,614 202,331,676 !09,712,780 214,790,440 36,446,656 37,271,294 39,817,653 43,047,556 46,842,306 49,311,341 51,096,090 54,969,887 46,269,294 155,460,465 165,031,495 170,075,888 176,865,497 184,734,232 90,786,522 93,993,484 11,007,396; 11,615,767: 12,270,913 12,941,478 13,761,339 14,631,680 15,553,298 16,554,663 7I,566J 312,324! 13,446 73,806: 334,961! 13,455! For notes see p. 26. 59,999,743 65,213,144! 68,148,039 61,065,059; 60,868,295! 64,372,065 13,562,462! 14,082,070 15,209,165 42,952,8081 43,192,523 42,976,798 2.223,391 j 2,329,251! 2,633,547 27 76,754; 358,325 13,439 79,5741 376,750| ! 13,432: 82,167 386,625 84,931 408,791 88,462 433,563 91,597 452.218 13.323| 13,237 13,218 13,165 11. INSURED COMMERCIAL BANK INCOME, EXPENSES, AND DIVIDENDS, 1941-65 — Continued (Amounts in thousands of dollars) 1958 Revenue Interest and dividends on securities: U.S. Govt Other Interest and discount on loans Other charges on loans Service charges on deposits Other charges, fees, etc Trust department Other current revenue 1959 1960 1961 1962 1963 1964 1965 8,500,949 9,669,352 10,723,545 11,069,604 12,218,959 13,509,713 15,024,487 16,817,187 1,544,023 501,978 5,046,782 94,674 486,507 191,408 379,395 256,183 1,732,174 546,253 5,856,688 111,991 531,916 205,935 426,016 258,381 1,790,341 578,783 6,698,655 108,655 589,954 218,566 460,251 278,340 1,901,732 629,134 6,891,442 117,259 630,458 223,283 502,871 173,425 2,093,207 759,030 7,578,200 139,645 681,243 237,446 543,916 186,272 2,176,454 2,240,389 2,224,711 921,060 1,085,334 1,285,287 8,516,837 9,612,079 10,999,867 155,478 173,159 204,996 728,857 781,405 842,775 248,362 280,289 304,276 573,252 629,694 689,628 189,413 222,138 265,647 Expenses Salaries—officers Salaries and wages—others Officer and employee benefits Directors' fees, etc Interest on time deposits Interest on borrowed money Net occupancy expense Furniture and equipment Other current expenses 5,612,723 827,142 1,573,330 6,264,207 892,657 1,684,159 6,932,820 966,643 1,831,323 48,271 1,380,575 24,161 51,866 1,580,250 78,350 56,292 1,785,086 87,385 1,759,247 1,976,926 2,206,091 7,440,492 1,028,869 1,869,961 377,494 59,794 2,106,645 37,997 510,691 224,852 1,224,189 8,589,177 1,098,146 1,975,406 419,098 63,236 2,845,283 64,325 555,670 267,885 1,300,128 9,714,980 10,897,460 12,486,120 1,183,264 1,284,140 1,392,765 2,101,1 2,234,922 2,369,259 525,692 457,033 490,732 67,469 72,176 77,093 3,464,308 4,088,061 5,070,781 106,517 127,277 189,519 608,462 670,243 731,573 311,518 362,301 411,889 1,415,298 1,567,608 1,717,549 Net current earnings before income taxes 2,888,223 3,405,145 3,790,725 3,629,112 3,629,782 3,794,733 4,127,027 4,331,067 868,115 328,889 574,826 708,171 467,061 468,450 322,104 390,368 681,554 9,646 57,145 47,277 27,946 111,447 329,322 12,927 55,568 453,730 9,934 86,574 256,987 6,241 56,761 167,445 4,046 60,516 74,723 6,633 57,284 84,619 7,114 97,435 22,439 42,158 55,176 20,551 57,607 64,062 25,684 70,211 81,114 16,825 51,817 89,291 16,902 56,610 73,560 17,913 131,235 87,295 17,383 62,313 103,768 17,962 84,001 99,237 783,213 1,361,515 978,422 935,461 836,665 883,637 1,017,299 1,177,540 58,939 12,603 95,039 49,887 12,827 63,530 88,397 11,256 72,213 85,045 9,224 63,370 Recoveries, transfers from reserves, and profits On securities: Profits on securities Recoveries Transfers from reserves On loans: Recoveries Transfers from reserves All other Losses, charge-offs, and transfers to reserves On securities: Sold Charge-offs prior to sale Transfers to reserves On loans: Losses and charge-offs Transfers to reserves All other 93,657 268,159 745,081 168,003 219,767 156,232 44,290 21,354 224,678 25,053 282,227 114,117 25,459 318,965 104,006 35,760 451,667 114,996 31,194 481,200 132,745 30,107 528,710 111,267 29,588 609,059 118,746 32,385 666,040 147,008 36,188 846,877 136,836 Net income before related taxes. 2,973,128 2,372,519 3,387,129 3,401,822 3,260,178 3,379,546 3,431,832 3,543,895 Taxes on net income. Federal State 1,271,459 1,198,890 72,570 884,458 832,797 51,661 1,384,397 1,300,940 83,457 1,406,102 1,317,292 88,810 1,256,382 1,159,725 96,657 1,226,783 1,130,629 96,154 1,148,203 1,050,624 97,579 1,029,162 927,423 101,739 Net income. 1,701,667 1,488,061 2,002,732 1,995,720 2,003,796 2,152,763 2,283,629 2,514,733 725,866 2,366 723,500 776,386 2,219 774,167 831,546 2,024 829,522 895,053 1,823 893,230 941,189 1,763 939,426 993,374 3,335 990,039 1,088,310 25,749 1,062,561 1,202,349 56,163 1,146,186 10,410 69,073 18,294 68,232 9,911 73,844 4,714 84,863 6,216 96,897 4,515 157,791 4,158 124,062 19,741 127,515 47,716 264,405 22,463 249,500 16,305 238,825 17,314 323,475 43,683 394,181 25,761 429,490 95,666,835 62,355,819 19,237,561 46,766,041 4,333,431 114,275,450 57,773,429 20,092,632 49,317,003 5,318,208 117,969,985 61,792,135 21,660,321 46,613,211 6,162,547 127,789,110 64,519,914 25,761,084 49,438,670 6,712,000 145,028,233 64,058,431 31,421,875 50,997,566 7,434,673 164,816,703 61,439,390 36,360,062 54,449,343 8,425,128 187,661,591 59,419,551 41,540,772 59,013,596 9,578,899 Cash dividends declared. On preferred stock ' . On common stock. . . Memoranda items: Recoveries credited to reserves: 2 On securities On loans Losses charged to reserves: * On securities On loans Assets, deposits, and capital accounts: Loans U.S. Govt. securities Other securities Cash assets 4 Other assets Total assets 228,359,687 237,577,389 246,776,722 254,198,199 274,220,778 298,940,778 325,490,626 357,214,409 Time deposits Total deposits Total capital accounts 1 1 62,382,540 66,829,234 69,647,547 77,658,528 89,470,056 104,507,516 119,606,438 137,554,173 206,196,015 213,428,979 220,099,028 I- 25,214,703 243,319,550 264,069,489 187,988,560 315,645 533 17,723,575 18,738,160 19,965,172 21,288,987 22,703,808 24,283,900 26,391,374 28,820,861 Number of officers... . Number of employees. Number of banks 95,308 457,023 98,934 481,666 103,211 506,596 107,060 496,040 13,124 13,114 13,126 13,115 For notes see p. 26. 28 112,200 512,739 13,124 117,417 531,820 123,996 546,771 130,042 569,276 13,291 13,493 13,547 12. INSURED COMMERCIAL BANK INCOME, EXPENSES, AND DIVIDENDS, BY SIZE OF BANK, 1965 (Amounts in thousands of dollars) Size group—total deposits (in thousands of dollars) All banks Less than 1,000 1,0002,000 2,0005,000 5,00010,000 10,00025,000 25,00050,000 50,000100,000 100,000500,000 500,000 or more Revenue Interest and dividends on securities: U.S. Govt Other Interest and discount on loans Other charges on loans Service charges on deposits Other charges, fees, etc Trust department Other current revenue 16,784,582 21,072 142,465 745,699 1,109,993 1,839,236 1,233,131 1,163,841 3,146,122 7,383,023 2,217,838 1,283,430 10,979,742 204,583 841,332 303,558 688,855 265,244 5,339 731 12,540 103 984 900 194 281 34,601 6,664 86,954 655 6,713 5,581 72 1,225 165,093 43,854 461,084 4,527 40,596 23,430 701 6,414 214,626 80,842 695,545 8,406 69,936 25,625 5,060 9,953 323,874 142,208 1,156,029 19,429 127,757 34,485 18,117 17,337 204,751 94,889 775,222 15,321 80,572 23,333 25,600 13,443 182,389 90,597 739,044 14,873 69,950 20,273 32,405 14,310 402,882 235,451 2,065,974 42,163 162,026 53,211 148,279 36,136 684,283 588,194 4,987,350 99,106 282,798 116,720 458,427 166,145 Expenses Salaries—officers Salaries and wages—others.. . Officer and employee benefits. Directors' fees, etc Interest on time deposits Interest on borrowed money.. Net occupancy expense Furniture and equipment Other current expenses 12,455,607 1,387,912 2,364,536 524,920 76,926 5,062,273 189,438 729,269 410,715 1,709,618 16,168 5,710 1,854 429 484 3,569 33 919 415 2,755 107,241 31,182 12,567 2,888 2,736 32,386 140 5,512 2,992 16,838 570,040 120,691 79,392 16,476 12,324 201,091 696 30,678 18,186 90,506 838,849 139,270 132,114 27,363 14,307 317,965 1,199 47,066 27,857 131,708 1,403,810 189,872 244,966 49,4851 16,786 545,582 2,924 82,137 47,757 224,301 942,201 115,703 176,481, 35,481; 8,002 i 364,836 2,946 56,525 33,169 149,058 888,751 102,525 166,875 35,934 5,447 348,359 5,288 54,959 33,755 135,609 2,331,393 239,341 482,803 101,909 9,500 886,088 28,174 138,880 94,060 350,638 5,357,154 443,618 1,067,484 254,955 7,340 2,362,397 148,038 312,593 152,524 608,205 4,328,975 4,904 35,224 175,659 271,144 435,426 290,930 275,090 814,729 2,025,869 389,103 625 2,773 13,604 20,663 32,119 19,614 21,930 89,798 187,977 84,128 7,110 97,346 36 35 5 346 70 63 3,156 390 269 6,385 857 1,326 10,111 1,242 2,950 5,936 543 2,689 6,481 138 3,579 20,588 497 21,720 31,089 3,338 64,745 17,927 83,775 98,817 421 41 87 1,474 316 504 5,116 2,106 2,567 4,710 3,020 4,365 2,862 5,171 9,783 894 3,427 6,125 526 3,733 7,473 548 17,731 28,714 1,376 48,230 39,199 1,174,251 1,365 7,719 46,726 72,778 120,131 75,913 73,288 202,252 574,079 84,855 9,198 63,183 31 20 12 242 80 143 2,568 1,189 653 5,091 2,419 1,621 10,928 15 , 3,590 7,611 1,198 2,357 7,162 1,585 4,688 18,528 185 16,232 32,694 536 33,887 35,796 845,592 135,627 813 330 159 2,806 3,334 1,114 12,231 23,512 6,573 9,134 44,787 9,726 7,232 80,440 15,955 1,748 52,993 10,006 309 50,829 8,715 1,332 140,118 25,857 191 449,249 57,522 Net current earnings before income taxes... Recoveries, transfers from reserves, and profits On securities: Profits on securities Recoveries Transfers from reserves On loans: Recoveries Transfers from reserves All other Losses, charge-oflfs, and transfers to reserves On securities: Sold Charge-offs prior to sale Transfers to reserves On loans: Losses and charge-offs Transfers to reserves All other Net income before related taxes. 3,543,827 4,164 30,278 142,537 219,029 347,414 234,631 223,732 702,275 1,639,767 Taxes on net income . Federal State 1,027,492 925,864 101,628 857 795 6,462 5,880 582 34,015 31,264 2,751 59,045 54,927 4,118 100,069 94,343 5,726 71,238 67,276 3,962 69,551 65,740 3,811 211,206 198,252 12,954 475,049 407,387 67,662 Net income 2,516,335 23,816 108,522 159,984 247,345 163,393 154,181 491,069 1,164,718 8,116 5 35,715 44 35,671 55,020 180 54,840 89,405 597 88,808 64,443 855 63,588 66,000 1,674 64,326 228,058 8,859 219,199 653,595 43,895 609,700 62 3,307 Cash dividends declared . . On preferred stock ». . On common stock Memoranda items: Recoveries credited to reserves: 2 On securities On loans Losses charged to reserves: 3 On securities On loans Assets, deposits, and capital accounts: Cash and due from banks U.S. Govt. obligations Other securities 4 Loans and discounts All other assets 1,201,455 56,109 1,145,346 1,103 V,io3 4,158 123,696 77 7 881 109 6,567 91 1,279 278 19,215 138 11,496 301 10,104 570 21,476 2,664 42,601 25,758 427,838 1 208 2,186 175 16,664 293 31,798 1,326 57,698 1,050 36,813 1,991 35,408 7,436 77,622 13,485 169,441 11,213,644 10,499,726 8,255,868 37,277,412 1,551,859 30,689,676 18,649,843 19,057,344 97,367,027 6,108,516 60,276,798 59,012,116 44,365,449 200,216,192 10,124,042 84,984 474,996 2,357,381 3,314,447 141,125 944,466 4,457,141 5,797,710 1,668,837 3,018,538 26,920 234,891 190,135 1,366,929 7,391,564 11,215,891 394,881 243,975 4,189 33,113| Total assets. 373,994,597 447,353 3,054,395 16,118,898 23,741,467 38,878,993 26,118,929 24,963,647 68,798,509 171,872,406 Total deposits Time and savings deposits. Total capital accounts 4 . . . 330,309,463 147,077,447 29,768,101 388,846 2,707,335 14,468,893 21,501,660 35,278,953 23,637,742 22,529,077 116,530 1,047,342 6,480,808 10,124,884 17,196,133 11,329,735 10,570,890 331,003 1,520,667 1,986,328 2,989,537 1,932,292 1,855,443 56,523 148,311,366 63,977,051 13,810,603 Number of officers Number of employees. . . . 129,463 567,693 1,195 814 4,993 4,544 15,574 24,794 15,693 38,263 18,955 68,243 10,644 49,016 8,628 42,746 33,972 221,653 13,366 521 1,790 4,301 3,046 2,295 691 330 Number of banks 90 NOTE.—Data are for banks operating throughout the year in the United States and other areas as reported by the F.D.I.C. For other notes see p. 26. 302 29