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ANNUAL REPORT
OF THE

FEDERAL DEPOSIT INSURANCE CORPORATION




FOR THE YEAR ENDING
DECEMBER 31, 1936




LETTER OF TRANSMITTAL

F ederal D

e p o s it

I n s u r a n c e C o r p o r a t io n ,

Washington, D. C., June 15, 1937.
SIR: Pursuant to the provisions of subsection (r) of section
12B of the Federal Reserve Act, as amended, the Federal Deposit
Insurance Corporation has the honor to submit its annual report.
Respectfully,
L eo T . C r o w ley,

T

he

P r e s id e n t

T

he

Speaker

of the

of the




H

Sen ate
o u se

of

R

e p r e s e n t a t iv e s

Chairman.




CONTENTS
Introduction ..........................................................................................................................

Page
3

PART ONE
OPERATIONS OF THE CORPORATION DURING THE YEAR ENDING
DECEMBER 31, 1936
Operations of the Corporation.........................................................................................
Functions of the Federal Deposit Insurance Corporation.....................................
Insolvent banks closed.........................................................................................................
Liquidation of insured banks in receivership..............................................................
Bank examinations.................................................................................................................
Banking practices..................................................................................................................
Admissions to and terminations of insurance..............................................................
Establishment of branches or additional offices.........................................................
Changes in capital of banks...............................................................................................
Assumption of uninsured deposits...................................................................................
Reports from banks...............................................................................................................
Regulations and rulings of the Corporation................................................................
Legislation affecting deposit insurance..........................................................................
Organization and staff..........................................................................................................
Financial statement of the Corporation........................................................................

7
7
8
12
13
16
20
24
26
29
30
31
31
33
34

PART TW O
DEPOSIT INSURANCE AND BANKING DEVELOPMENTS
Summary of banking developments................................................................................ ........ 43
Commercial banking offices................................................................................................ ........ 43
Participation in deposit insurance........................................................................................... 45
Assets and liabilities of operating insured commercial banks............ .......................... 48
Appraisal of assets of operating insured commercial banks not members of the
Federal Reserve System.................................................................................................. ........ 49
Capital of operating insured commercial banks......................................................... ........ 51
Earnings of operating insured commercial banks.............................................................. 55
Insured mutual savings banks.......................................................................................... ........ 60

PART THREE
SPECIAL REPORTS
Deposits of insured banks as of M ay 13, 1936...........................................................

65

PART FOUR
LEGISLATION, REGULATIONS AND INSTRUCTIONS
Deposit insurance legislation.............................................................................................
Regulations and rulings of the Corporation................................................................
Forms and instructions........................................................................................................

81
82
93

PART FIVE
STATISTICS OF BANKS AND DEPOSIT INSURANCE
Note regarding number and classification of operating banks and banking
offices.......................................................................................................................................
Number of banking offices..................................................................................................
Note regarding deposit figures and classification of banks by amount of deposits
Deposits of banking offices.................................................................................................
Assets and liabilities of operating banks.......................................................................
Examiners* analysis of insured banks............................................................................
Capital investment of the Reconstruction Finance Corporation........................
Earnings of insured commercial banks..........................................................................
Suspensions, receiverships and mergers.......................................................................




v

97
100
124
125
134
148
162
164
190

vi

FEDERAL DEPOSIT INSURANCE CORPORATION

LIST OF TABLES
PART ONE
OPERATIONS OF THE CORPORATION DURING THE YEAR ENDING
DECEMBER 31, 1936
Page
In solvent B

1.

iq u id a t io n

3.
B

P

4.

6.

to

s t a b l is h m e n t

8.

C hanges

in

and

T

of

B

e r m in a t io n s

ranches

C a p it a l

12

e c e iv e r s h ip :

of

13

or

A

of

B

and

17
18

Insurance:

d d it io n a l

21
22

O f f ic e s :

24
26

an ks:

Applications for retirement or reduction of capital acted upon by
the Federal Deposit Insurance Corporation during 1936, insured
banks not members of the Federal Reserve System.......................

O r g a n iz a t io n

27

St a f f :

Officers and employees of the Federal Deposit Insurance Corpora­
tion, December 31, 1 9 3 6............................................................................

F in a n c ia l S t a t e m e n t

13.

R

Applications to establish or relocate branches acted upon by the
Federal Deposit Insurance Corporation during 1936, insured
banks not members of the Federal Reserve System.......................
Number and deposits of operating insured commercial banks estab­
lishing branches or additional offices during 19 36..............................

9.

12.

in

Applications for admission to insurance acted upon by the Federal
Deposit Insurance Corporation during 1936, banks not members
of the Federal Reserve System ................................................................
Banks admitted to insurance during 1936................................................

7.

11.

anks

9

r a c t ic e s :

d m is s io n s

10.

I nsured B

Insured banks cited to supervisory authorities for unsafe or un­
sound banking practices or violations of law or regulations, 1936.
Unsafe and unsound banking practices and violations of law and
regulations for which 24 insured banks were cited to supervisory
authorities during 1 9 36...............................................................................

5.

E

of

Recovery on subrogated claims by Federal Deposit Insurance
Corporation to December 31, 1 9 3 6 ........................................................

a n k in g

A

C lo sed :

Deposits of insured banks placed in receivership, revised to Decem­
ber 31, 1936.....................................................................................................
Applications for loans to facilitate mergers of insolvent banks acted
upon by the Federal Deposit Insurance Corporation during 1935
and 1936............................................................................................................

2.

L

anks

of

the

33

C o r p o r a t io n :

Comparative balance sheet of the Federal Deposit Insurance Corp­
oration, December 31, 1936, and December 31, 1935....................
Analysis of surplus account and distribution of administrative
expenses, Federal Deposit Insurance Corporation, calendar
year 1 9 36..........................................................................................................

36

37

PART TW O
DEPOSIT INSURANCE AND BANKING DEVELOPMENTS
C

o m m e r c ia l

14.

15.

16.

B

a n k in g

O f f ic e s :

Centers with commercial banking offices and number of operating
commercial banking offices, continental United States, December
31, 1936, grouped according to population of center and number
of commercial banking offices in center..............................................
Number and type of operating commercial banking offices in the
United States and possessions, December 31, 1935, and Decem­
ber 31, 1936.....................................................................................................
Analysis of changes in number of offices of operating commercial
banks in the United States and possessions during 1936..................




43

44
45

LIST OF TABLES

vii
Page

Participation in D eposit I n su r an ce :
17.
Number of operating insured and noninsured commercial banking
offices in the United States and possessions, December 31, 1935,
and December 31, 1 9 36..............................................................................
18.
Changes during 1936 in deposits of operating insured commercial
banks..................................................................................................................
19.
Admissions to and terminations of insurance during 1936................
A ssets
20.
21.

L iabilities of Operating I nsured C ommercial B a n k s :
Changes during 1936 in assets and liabilities of operating insured
commercial banks..................................................................................... ....
Major factors in the growth of deposits and assets of commercial
banks, 1935 and 1936...................................................................................

23.

C apital
24.
25.
26.

27.

28.

46
47

and

A ppraisal
22.

46

of O perating I nsured C ommercial
M embers of the F ederal R eserve Sy s t e m :

of

A ssets

B anks

48
49

not

Worthless and doubtful assets as of date of examination, 1933-1936,
operating insured commercial banks not members of the Federal
Reserve System grouped by amount of deposits....................... ..
Substandard assets as of date of examination in 1936, operating
insured commercial banks not members of the Federal Reserve
System grouped by amount of deposits...............................................

50
50

O perating I nsured C ommercial B a n k s :
Analysis of changes in total capital account of operating insured
commercial banks during 19 36...................................................^
Percentage distribution of number and deposits of operating in­
sured commercial banks according to ratio of total capital ac­
count to total deposits, December 31, 1935.......................................
52
Ratio of sound capital to appraised value of assets, to deposits, and
to total capital account, as of date of examination, 1933-1936,
operating insured commercial banks not members of the Federal
Reserve System..............................................................................................
53
Percentage distribution of number of banks according to ratio of
sound capital to deposits as of date of examination, 1933-1936,
operating insured commercial banks not members of the Federal
Reserve System..............................................................................................
54
Percentage distribution of number and deposits of banks according
to ratio of sound capital to deposits as of date of examination in
1936, operating insured commercial banks not members of the
Federal Reserve System..............................................................................
55

of

E arnings of O perating I nsured C ommercial B a n k s :
29.
Earnings, expenses, and disposition of profits of operating insured
commercial banks, 1934, 1935 and 1936..............................................
30.
Earnings, expenses, and disposition of profits, and their relation to
total assets and to total capital account of operating insured com­
mercial banks, 19 36......................................................................................
31.
Distribution of number and deposits of banks according to amount
of net earnings or deficits per $100 of total assets, 1936, insured
commercial banks not members of the Federal Reserve System
operating throughout entire year............................................................
32.
Distribution of banks according to amount of net profits or losses
per $100 of total assets, 1936, insured commercial banks not
members of the Federal Reserve System operating throughout
entire year...................................................; ..................................................
33.
Distribution of number of banks according to rate of net earnings
and profits, 1936, insured commercial banks not members of the
Federal Reserve System operating throughout entire year.............
34.
Interest received on loans and on securities and paid on time de­
posits during 1934, 1935 and 1936, insured commercial banks
not members of the Federal Reserve System operating through­
out entire year.................................................................................................

59

I nsured M utual Savings B a n k s :
35.
Earnings, expenses, and disposition of profits of the 56 mutual sav­
ings banks insured by the Federal Deposit Insurance Corpora­
tion, 1935 and 19 36........................................................................................

60




56
56

57

58

59

viii

FEDERAL DEPOSIT INSURANCE CORPORATION
PART THREE
SPEC IAL R E P O R T S

D eposits of I nsured B anks as of M ay 13, 1936:
36.
Accounts in insured commercial banks, M ay 13, 1936, banks
grouped by amount of deposits...............................................................
37.
Deposits of insured commercial banks, M ay 13, 1936, banks
grouped by amount of deposits...............................................................
38.
Accounts in insured commercial banks, M ay 13, 1936, banks
grouped by class and by States...............................................................
39.
Deposits of insured commercial banks, M ay 13, 1936, banks
grouped by class and by States...............................................................
40.
Accounts in insured commercial banks, M ay 13, 1936, grouped by
type of deposit................................................................................................
41.
Deposits of insured commercial banks, M ay 13, 1936, grouped by
type of deposit................................................................................................
42.
Percentage distribution of types of deposits of insured commercial
banks, M ay 13,1936, banks grouped by amount of deposits.........
43.
Ratio of demand and time deposits of individuals, partnerships,
and corporations to total deposits of insured commercial banks,
M ay 13,1936, banks grouped by class and by amount of deposits.
44.
Percent of deposits of insured commercial banks protected by
insurance, M ay 13, 1936, and October 1, 1934, banks grouped by
amount of deposits.......................................................................................
45.
Accounts in insured mutual savings banks, M ay 13, 1936, banks
grouped by amount of deposits and by States..................................
46.
Deposits of insured mutual savings banks, M ay 13, 1936, banks
grouped by amount of deposits and by States..................................

Page
66
67
68
69
70
71
73
74
75
76
77

P A R T FIVE
S T A T IS T IC S OF B A N K S AN D D E P O SIT IN SU R A N C E
N umber of B a n k in g O f f ic e s :
101.
Number and classification of operating banks and banking offices,
December 31, 1935, and December 31, 1 9 3 6.....................................
102.
Analysis of changes in number and classification of banks and bank­
ing offices in the United States and possessions during 1936...........
103.
Number of operating banking offices, December 31, 1936, insured
and noninsured offices grouped by class of bank and type of
office in each State and in the possessions..........................................
104.
Number of operating banking offices, December 31, 1936,
insured and noninsured offices grouped by class of bank,
type of office, and amount of deposits.................................................
105.
Number of operating commercial banks, December 31, 1936, in­
sured and noninsured banks grouped by amount of deposits in
each State and in the possessions...........................................................
106.
Number of operating mutual savings banks, December 31, 1936,
insured and noninsured banks grouped by amount of deposits in
each State.........................................................................................................
107.
Number of commercial banks operating more than one office and
number of branches or additional offices operated, December 31,
1936, grouped according to character of branch system, loca­
tion of branches or additional offices, population of center in
which located, and by States...................................................................
108.
Number of operating banking offices of insured commercial banks,
December 31, 1936, grouped by amount of deposits, type of off­
ice, and population of center in which located....................................
109.
Number of operating banking offices of insured commercial banks,
December 31 ,1 9 3 6 , grouped according to number of commercial
banking offices in center in which located, type of office, and
population of center in which located..................................................
D eposits of B an k in g O ff ic es :
110.
Average deposits of operating banks during 1936, insured and non­
insured banks grouped by class of bank, type of bank, and
amount of deposits.......................................................................................




100
102
105
112

114

118

120

122

123

125

LIST OF TABLES

ix
Page

111.
112.
113.

A

ssets

114.
115.
116.
117.
118.
119.
120.

Exam

Average deposits of operating banks during 1936, insured and non­
insured banks grouped by class of bank in each State and in the
possessions........................................................................................................
Average deposits of operating commercial banks during 1936, in­
sured and noninsured banks grouped by amount of deposits in
each State and in the possessions............................................................
Deposits of operating mutual savings banks, December 31, 1936,
insured and noninsured banks grouped by amount of deposits in
each State.........................................................................................................
and

122.

123.

124.

125.

ia b il it ie s

127.

O p e r a t in g

B

A

n a l y s is

of

Insured B

of

the

R

132

134
135
136
139
142
144
146

an ks:

e c o n s t r u c t io n

F

in a n c e

C

o r p o r a t io n

148

150

152

156

160

:

Capital investment of the Reconstruction Finance Corporation
in operating insured commercial banks, December 31, 1936, by
class of bank in each State and possession.........................................
Reconstruction Finance Corporation capital disbursements and
retirements during 1936, operating insured commercial banks
not members of the Federal Reserve System, in each State and
possession..........................................................................................................




128

anks:

Examiners' analysis of capital and liabilities of operating insured
commercial banks not members of the Federal Reserve System,
latest examination in 1936, banks grouped by amount of deposits
and by States..................................................................................................
Capital ratios of operating insured commercial banks not members
of the Federal Reserve System, examinations October 1, 1933,
to December 31,193 6, banks grouped by amount of deposits and
by States...........................................................................................................
Examiners’ analysis of assets of operating insured commercial
banks not members of the Federal Reserve System, latest ex­
amination in 1936, banks grouped by amount of deposits and by
States.................................................................................................................
Examiners’ analysis of assets, ratios, of operating insured com­
mercial banks not members of the Federal Reserve System, latest
examination in 1936, banks grouped by amount of deposits and
by States...........................................................................................................
Summary of examiners' analysis of assets of operating insured
commercial banks not members of the Federal Reserve System,
examinations October 1, 1933, to December 31, 1936, banks
grouped by amount of deposits and by States.....................................

C a p it a l I n v e s t m e n t

126.

of

Summary of assets and liabilities of operating commercial banks in
the United States and possessions, December 31, 1935, June 30,
1936, and December 31, 1936...................................................................
Summary of assets and liabilities of operating mutual savings
banks in the United States, December 31, 1935, June 30, 1936,
and December 31, 1 9 3 6 ..............................................................................
Assets and liabilities of operating insured commercial banks, call
dates, June 30, 1934, to December 31, 1936.......................................
Assets and liabilities of operating insured commercial banks not
members of the Federal Reserve System, call dates, June 30,
1934, to December 31, 1 9 36......................................................................
Assets and liabilities of operating insured commercial banks not
members of the Federal Reserve System, December 31, 1936,
banks grouped by amount of deposits.....................................................
Averages per bank of assets and liabilities, operating insured com­
mercial banks not members of the Federal Reserve System,
December 31,1936, banks grouped by amount of deposits.............
Percentage distribution of assets and liabilities, operating insured
commercial banks not members of the Federal Reserve System,
December 31, 1936, banks grouped by amount of deposits.........

in e r s '

121.

L

126

162

163

FEDERAL DEPOSIT INSURANCE CORPORATION

X

Page
E

a r n in g s

128.
129.
130.

131.

132.

133.

134.

135.

136.

137.

138.

139.

140.

141.

142.

of

I nsu red

C o m m e r c ia l B

an k s:

Earnings, expenses, and disposition of profits of operating insured
commercial banks, calendar years 1934,1935 and 1 9 3 6 ...................
Earnings, expenses, and disposition of profits of operating insured
commercial banks, calendar year 1936, by class of bank..................
Earnings, expenses, and disposition of profits of operating insured
commercial banks not members of the Federal Reserve System,
calendar years 1934, 1935 and 1936.......................................................
Earnings, expenses, and disposition of profits of insured commercial
banks not members of the Federal Reserve System, calendar
year 1936, banks operating throughout entire year grouped by
amount of deposits.......................................................................................
Averages per bank of earnings, expenses, and disposition of profits
of insured commercial banks not members of the Federal Reserve
System, calendar year 1936, banks operating throughout entire
year grouped by amount of deposits.......................................................
Earnings, expenses, and disposition of profits, ratios, of insured
commercial banks not members of the Federal Reserve System,
calendar year 1936, banks operating throughout entire year
grouped by amount of deposits...............................................................
Earnings, expenses, and disposition of profits of insured commercial
banks not members of the Federal Reserve System, calendar
year 1936, banks operating throughout entire year grouped
according to population of center in which located.........................
Earnings, expenses, and disposition of profits, ratios, of insured
commercial banks not members of the Federal Reserve System,
calendar year 1936, banks operating throughout entire year
grouped according to population of center in which located...........
Earnings, expenses, and disposition of profits of insured commercial
banks not members of the Federal Reserve System, calendar
year 1936, banks operating throughout entire year grouped
according to number of commercial banking offices in center in
which located..................................................................................................
Earnings, expenses, and disposition of profits, ratios, of insured
commercial banks not members of the Federal Reserve System,
calendar year 1936, banks operating throughout entire year
grouped according to number of commercial banking offices in
center in which located...............................................................................
Earnings, expenses, and disposition of profits of insured commercial
banks not members of the Federal Reserve System, calendar
year 1936, banks operating throughout entire year grouped
according to rate of net earnings on total assets..............................
Earnings, expenses, and disposition of profits, ratios, of insured
commercial banks not members of the Federal Reserve System,
calendar year 1936, banks operating throughout entire year
grouped according to rate of net earnings on total assets.................
N et current operating earnings of insured commercial banks not
members of the Federal Reserve System, calendar year 1936,
number of banks operating throughout entire year grouped
according to rate of net earnings on total assets, amount of de­
posits, population of center in which located, and number of
commercial banking offices in center in which located...................
N et profits before dividends of insured commercial banks not mem­
bers of the Federal Reserve System, calendar year 1936, number
of banks operating throughout entire year grouped according to
rate of net profits on total assets, amount of deposits, population
of center in which located, and number of commercial banking
offices in center in which located............................................................
N et current operating earnings of insured commercial banks not
members of the Federal Reserve System, calendar year 1936,
number of banks operating throughout entire year grouped
according to rate of net earnings and net profits on total assets,
and by significant balance sheet ratios.................................................




164
165

166

168

170

172

174

176

178

180

182

184

186

187

188

LIST OP TABLES

xi

Page
Su s p e n s io n s , R

143.
144.
145.
146.
147.
148.
149.
150.

e c e iv e r s h ip s

and

M

ergers:

Number and deposits of banks suspending operations, 1934-1936,
grouped by year, by class of bank, by amount of deposits, and by
States..................................................................................................................
Number and deposits of banks suspending operations, 1936,
grouped by class of bank, by amount of deposits, and by States. .
Insured banks placed in receivership, 1936................................................
Assets of insured banks placed in receivership, 1934-1936, as shown
by books of banks at dates of suspension............................................
Liabilities of insured banks placed in receivership, 1934-1936, as
shown by books of banks at dates of suspension..............................
Deposits of insured banks placed in receivership, 1934-1936, re­
vised to December 31, 1 9 36......................................................................
Payments to depositors of insured banks placed in receivership,
1934-1936..........................................................................................................
Loans made to and assets purchased from banks by the Federal
Deposit Insurance Corporation, August 22,1935 to December 31,
1 9 36.....................................................................................................................

190
192
193
194
196
198
200

202

CHART
Federal Deposit Insurance Corporation............




6







INTRODUCTION




INTRODUCTION

The Federal Deposit Insurance Corporation was created by the Bank­
ing Act of 1933, and the insurance of bank deposits under a temporary
plan became effective January 1, 1934. A revised permanent plan
of insurance embodied in the Banking Act of 1935 became effective on
August 23 of that year.
Previous reports of the Federal Deposit Insurance Corporation have
covered the inauguration of deposit insurance, the transition from the
temporary to the permanent plan, and the activities of the Corporation
to the end of 1935. The present report covers the activities of the
Corporation during 1936, the first full year of operation under the revised
law, and banking developments affecting deposit insurance during that
year.
Part One is devoted to a discussion of the operations of the Corpora­
tion, the policies which have been followed, and the problems which
are being encountered. Part Two covers developments in banking
during 1936, primarily among insured banks not members of the Federal
Reserve System. Part Three contains a special study of deposits of
insured banks as of May 13, 1936. Part Four gives the text of legis­
lation affecting Federal insurance of deposits enacted by Congress
during 1936, and of regulations, rulings and instructions issued by the
Corporation during the year. Part Five consists of statistical tables
relating to banking and deposit insurance.







PART ONE
OPERATIONS OF THE CORPORATION DURING
THE YEAR ENDING DECEMBER 31, 1936




FEDERAL
DEPOSIT
INSURANCE
CORPORATION




O p e r a t io n s

of

the

C o r p o r a t io n

On December 31, 1936, the Federal Deposit Insurance Corporation
was insuring deposits in 14,029 banks. The banks held total deposits
of more than $50 billion to the credit of the accounts of more than 50
million depositors. The balances to the credit of these depositors, up
to a maximum of $5,000 for each depositor in each bank, were pro­
tected by insurance. The total volume of deposits protected by in­
surance at the close of the year is estimated to exceed $21 billion.
During 1936 the Corporation conducted approximately 7,900
examinations, held numerous informal conferences with bankers and
banking officials and took formal official action in more than 1,200
cases involving the relation of deposit insurance and the deposit in­
surance law to insured banks. These activities are discussed in this
part of the report.
F u n c t io n s

of th e

F ederal D

e p o s it

I n s u r a n c e C o r p o r a t io n

The activities of the Federal Deposit Insurance Corporation center
upon three major functions: (1) payment of insured deposits in sus­
pended insured banks; (2) liquidation of insured banks placed in
receivership; and (3) development and maintenance of a sound
banking situation.
The prompt payment of depositors in suspended insured banks
and the efficient liquidation of these banks are important tasks, but
the most vital responsibility placed by Congress upon the Corporation
is the maintenance of a banking condition such that the public is
adequately served and few failures occur. However, the respon­
sibility for maintaining a sound banking situation is shared with other
Federal and State agencies, and the powers of the Corporation are
limited.
The powers of the Federal Deposit Insurance Corporation designed
to aid in maintaining a sound banking situation are as follows:
1.

To pass on applications for admission to insurance;

2. To pass on applications from insured State banks not members
of the Federal Reserve System to open or relocate branches or to
retire capital obligations;
3. To pass on proposals for the release of restricted deposits in
insured banks, and on proposals for the assumption of deposit liabili­
ties of noninsured banks by insured banks, or of those of insured banks
by noninsured banks;




7

8

FEDERAL DEPOSIT INSURANCE CORPORATION

4. To examine insured banks and to review reports of examination
made by the Comptroller of the Currency and the Board of Governors
of the Federal Reserve System;
5. To give notice
existence of unsafe or
law or regulations, by
ance of a bank which
or regulations;

to other bank supervisory authorities of the
unsound banking practices, or of violations of
any insured bank, and to terminate the insur­
continues such practices or violations of law

6. Until July 1, 1938, to make loans to banks, purchase assets
from banks, or guarantee against loss an insured bank which assumes
the deposit liabilities of another insured bank, when such loan, pur­
chase or guarantee will reduce the estimated loss to the Corporation
and will facilitate a merger or consolidation;
7. To require reports of condition from insured banks not members
of the Federal Reserve System, and to require publication of such
reports; and
8. To issue regulations necessary to the proper fulfillment of the
Federal deposit insurance law.
In so lven t B a n k s

C losed

Insured banks suspended. During 1936 forty-one insured banks
suspended, of which one was a national bank and the others State
banks not members of the Federal Reserve System. All of these
banks, and also one bank which suspended on the last day of 1935,
were placed in receivership during the year.

The deposits of the 42 banks placed in receivership during the year
amounted to approximately $11 million. Of these deposits, 74 per­
cent were protected by insurance (excluding insured portions of
secured or preferred deposits), 10 percent were protected by pledge of
security, preferment or offset, and 16 percent were protected only by
general claims against the assets of the banks. Of the deposits pro­
tected by general claims nearly half were in banks reorganized after
the Banking Holiday of 1933 and under the terms of reorganization
were not subject to withdrawal by depositors. The law specifies that
such restricted deposits are ineligible for insurance. Depositors in
the 42 banks numbered 41,709 of whom 41,517, or 99.5 percent, were
fully protected with regard to their unrestricted de posits by insurance,
security, preferment or offset.
Deposits paid by the Corporation. Insured deposits have been
paid as rapidly as depositors have presented and proved their claims.
By the close of the year the Corporation had paid $7 million, or 88
percent, of the insured deposits in the banks placed in receivership
during the year. The unpaid insured deposits consisted of unproved
claims, and accounts of depositors who had failed to file claims. Threefourths of the insured deposits remaining unpaid were in seven banks
closed during the last quarter of the year.



9

INSOLVENT BANKS CLOSED

Further payments amounting to $344,000 were also made during
the year to depositors of insured banks placed in receivership during
1934 and 1935. In these banks the insured deposits still unpaid,
chiefly because of failure of depositors to present their claims,
amounted to 5 percent of the total insured deposits.
The figures regarding deposits of insured banks placed in receiver­
ship are given in Table 1.
T ab le 1.

DEPOSITS OF INSURED BANKS PLACED IN RECEIVERSHIP
REVISED TO DECEMBER 31, 1936
(Amounts in thousands of dollars)
Total

Paid by
Dec. 31,
19361

Unpaid on
Dec. 31,
1936

T o t a l— 42 b a n k s p la c e d in receiv ersh ip d u rin g 1936 . . . .

11,068

8,118

2,950

Insured (excluding secured and preferred portion s)...........
Secured, preferred, and subject to offset................................
Uninsured, unsecured, not preferred, and not subject to
offset...........................................................................................

8,178
1,055

7,237
721

941
334

1,835

160

1,675

11,044

9,338

1,706

7,033
1,864

6,713
1,699

320
165

2,147

926

1,221

T o t a l— 33 b a n k s p la c e d in receiv ersh ip d u rin g 1934
a n d 1935........................................................................................
Insured (excluding secured and preferred portions)...........
Secured, preferred, and subject to offset................................
Uninsured, unsecured, not preferred, and not subject to
offset................................................................................................

in clu d es payments made both b y the Federal Deposit Insurance Corporation and b y receivers.
N O T E : More detailed figures will be found in Tables 148-49, pages 198-201.

Deposit Insurance National Banks. New national banks without
capital and called Deposit Insurance National Banks were organized
to pay the depositors of the 24 insured banks placed in receivership
during the operation of the temporary insurance plan. None of these
banks has been capitalized.
In only one case has a Deposit Insurance National Bank been
organized to succeed an insured bank placed in receivership since the
effective date of the Banking Act of 1935, when the organization of
such banks was made optional with the Corporation. This bank,
the Deposit Insurance National Bank of Bradford, Pennsylvania,
was subsequently capitalized and chartered and on June 22, 1936,
began business as the Citizens National Bank of Bradford,
Pennsylvania.
Insolvent banks merged with aid of loans or purchase of
assets by the Federal Deposit Insurance Corporation. Until

July 1,1938, the Federal Deposit Insurance Corporation is authorized
to make loans secured by assets of insured banks provided: first,
the loan will reduce the risk or avert a threatened loss to the Corpora­
tion; and second, the loan will facilitate a merger or consolidation of
the borrowing bank with another insured bank. Under the same
conditions the Corporation may purchase assets from insured banks,
or guarantee one insured bank against potential loss from assuming



10

FEDERAL DEPOSIT INSURANCE CORPORATION

the liabilities and taking over the assets of another insured bank.
These powers enable the Corporation to eliminate insolvent banks,
and banks with impaired capital which cannot be rehabilitated, with
smaller loss to itself and less disturbance to the communities in which
the banks are located than would be the case if the banks suspended.
During 1936 the Corporation utilized these powers in the case of
27 insured banks, of which 2 were national banks, 1 was a State
bank member of the Federal Reserve System, and 24 were State banks
not members of the Federal Reserve System. The Corporation had
previously (in the latter part of 1935) utilized these powers in the case
of one bank not a member of the Federal Reserve System. In 15 of
the 28 cases loans were extended, in 12 cases loans were made and
assets also purchased, while in 1 case assets were purchased. The
total amount of the loans and purchases in the 28 banks amounted
to $9,593,000 of which $8,526,000 was in the form of loans and
$1,067,000 in the form of purchase of assets. The estimated re­
coverable amount of these loans and purchases is $5,600,000 or 58
percent. The receipts in connection therewith to December 31, 1936,
amounted to $2,164,000, which is about 39 percent of the estimated
recoverable amount.
Inasmuch as the loans are made to and the assets purchased from
distressed banks to facilitate mergers which could not otherwise be
consummated, the assets purchased and accepted as collateral against
the loans are those unacceptable to the absorbing bank. As a con­
sequence the assets are of poor quality and more difficult to realize
upon than are the bulk of those to be found in banks placed in re­
ceivership.
The deposits of the 28 banks merged with the aid of loans or
purchase of assets by the Corporation amounted to $21 million, of
which nearly $16 million were insured and would have been paid by
the Corporation had the banks been placed in receivership. The
loss which it is estimated will be taken by the Corporation on the
loans and assets purchased is about $4 million, or approximately
one-fourth of the amount of the deposits protected by insurance.
The loss is smaller than would have been incurred had the banks
suspended and been placed in receivership.
Of the 28 insolvent banks merged with the aid of loans or purchase
of assets by the Corporation, 16 were merged with other operating
insured banks and 4 were absorbed by new banks organized in the
same communities. Of the remaining banks, 5 were consolidated
under a single new charter in one case and 3 in another case. One
of the banks, after assumption of its deposit liabilities by another
bank, has continued in operation as a noninsured trust company but
does not accept deposits.
Insolvent insured banks merged with aid of loans from the
Reconstruction Finance Corporation. In addition to the banks

merged with the aid of loans from the Federal Deposit Insurance
Corporation, three insured banks were absorbed by operating banks



INSOLVENT BANKS CLOSED

11

with the aid of loans made by the Reconstruction Finance Corpora­
tion. In these cases the Federal Deposit Insurance Corporation had
agreed to make loans in amounts sufficient to cover the difference
between deposit liabilities of the absorbed banks and the assets
acceptable to the absorbing banks, but the Reconstruction Finance
Corporation held capital obligations of these banks, and preferred
to extend loans sufficient to retire those obligations and cover the
deficiency of assets acquired by the absorbing banks. Of the three
banks, one was a national bank and the other two were State banks
not members of the Federal Reserve System.
Other mergers and liquidations of insolvent banks and of
banks in a weakened condition. The practice of merging a bank

in financial difficulties with an operating bank has long been cus­
tomary whenever such a merger could be arranged. During 1936
in addition to those merged with the aid of loans from the Federal
Deposit Insurance Corporation and the Reconstruction Finance
Corporation, 45 insured banks not members of the Federal Reserve
System which were in financial difficulties were merged with operating
banks, 15 were liquidated without being absorbed and without loss
to depositors or to the Federal Deposit Insurance Corporation, and
6 were succeeded by newly organized banks.
In a few cases involving absorptions some of the stockholders
supplied in cash or by guarantee sufficient funds to meet the difference
between the deposit liabilities of the absorbed bank and the assets
acceptable to the absorbing bank. In most of the cases the absorbed
or liquidated banks had sufficient acceptable assets to meet their
deposit liabilities. The earnings of these banks, however, had been
negligible for several years, prospects were poor, and continued
operation would have dissipated the stockholders' remaining equities.
The Federal Deposit Insurance Corporation has not compiled data
regarding the number of national or State banks members of the
Federal Reserve System which were insolvent or approaching in­
solvency and were merged with other banks members of the Federal
Reserve System. In five cases in which such banks were absorbed
or succeeded by insured banks not members of the Federal Reserve
System the outgoing banks were in a weakened condition.
Proposals for loans to insolvent banks disapproved or not
consum m ated. In addition to those cases in which loans were

made by this Corporation or by the Reconstruction Finance Cor­
poration, the Federal Deposit Insurance Corporation took action
during the year regarding loans in the case of 15 insolvent banks.
In about half of these cases applications for loans were declined,
chiefly on the ground that the estimated losses to the Corporation
would not be reduced by making the loans instead of by paying off
the insured deposits if the banks were placed in receivership. The
other cases were chiefly those in which the banks were unable or
unwilling to meet the conditions required by the Corporation in the
event a loan were made.



12

FEDERAL DEPOSIT INSURANCE CORPORATION

A summary of the actions of the Corporation regarding loans to
facilitate mergers of insolvent banks, and of the disposition of these
banks, will be found in Table 2.
Table 2.

APPLICATIONS FOR L o a n s TO FACILITATE MERGERS OF INSOLVENT

B a n k s A cted U po n b y t h e F e d e r a l D e p o s it I n s u r a n c e C o rp o r a t io n
D u r in g 1935 a n d 1936
Disposition of bank
Character of action by Federal
Deposit Insurance Corporation

Merged
with exist­ Suspended
ing or newly during
organized
1936
banks

Total

In opera­
tion
D ec. 31,
1936

T o t a l n u m b e r o f cases a cte d u p o n ..............................

46

31

4

11

In 1936...................................................................................
In 19S5..................................................................................

U
2

29
2

A

11

Loans approved and disbursed........................................
Loans approved but not made (loans granted by Re­
construction Finance C orporation)............................
Loans approved but not disbursed by December 31,
1936..................................................................................
Loan approved, and approval rescinded......................
Commitment made for loans............................................
Applications received and declined.................................

28

28

3

3

2
2

3
1
1
6

3
1
3
8

N O T E : More detailed figures regarding loans disbursed and purchases made will be found in
Table 150, pages 202-03.

L iq u id a t io n

of

In su r e d B a n k s

in

R

e c e iv e r s h ip

The Corporation as receiver of insured banks. At the close of
the year the Corporation was acting as receiver of 14 banks. Of these
banks, 6 were national and 8 were State banks. Under the law the
Corporation is receiver of suspended insured national banks. The
Corporation acts as receiver of suspended insured State banks when
appointed by the proper State authority. There are 30 States in which
appointment of the Corporation as receiver is either mandatory or
permissive. In 7 of these States the law existing at the inception of
Federal insurance of deposits was sufficiently broad to permit of such
appointment; and in the other 23 States the laws were amended.

The powers and rights of the Corporation as receiver are governed
by the laws obtaining in the various jurisdictions, and, in most cases,
all transactions are submitted to the appropriate courts for final appro­
val. The provisions of the law relating to bank receiverships have not
been clarified to meet the changed conditions occasioned by the
Federal deposit insurance law. As a consequence, there has been some
duplication of authority and action which is being eliminated as rapid­
ly as possible.
As principal creditor by assignment the Corporation maintains close
contact with the receivers of the suspended insured banks for which the
Corporation has not been appointed receiver and assists in every way
possible in prompt and efficient liquidation of these banks.



LIQUIDATION OF INSURED BANKS IN RECEIVERSHIP

13

Recoveries from banks in receivership. Dividends received by
the Corporation to December 31, 1936, from the liquidation of the 75
suspended insured banks in receivership amounted to $3.5 million. It
is anticipated that further payments will be received from practically
all banks except those which have paid the Corporation's claims in
full, and that total recoveries of the Corporation on its subrogated
claims will amount to $11.6 million, or 76 percent of the total of such
claims. Up to the close of 1936, the Corporation had received prac­
tically 100 percent in dividends from five and no dividends from seven
of the 33 insured banks placed in receivership during 1934 and 1935.
More detailed figures are shown in Table 3. The small percentage of
recoveries from the banks placed in receivership during 1936 reflects
chiefly the short period of time in which the banks had been in li­
quidation.
Liquidation of the banks in receivership has proceeded more rapidly
than indicated by the figures of dividends received by the Corporation.
A lag occurs between collections on the bank's assets made by the
receiver and the payment of dividends by the receiver to the creditors
of the bank, since the receiver accumulates the funds collected until
they are sufficient to permit of a fairly substantial disbursement to the
creditors. To do otherwise would tend to increase materially the costs
of receivership and reduce the amount available for payment to credi­
tors.
T able 3.

RECOVERY ON SUBROGATED CLAIMS BY FEDERAL DEPOSIT INSURANCE
C o r p o r a t io n

to

D

ecem ber

31, 1936
Number of banks placed
in receivership during—
1934-1935

1936
42

33

100 percent...............................................................................................................
75 to 99 percent.......................................................................................................
50 to 74 percent.......................................................................................................

0
3
3

5
4
8

25 to 49 percent.......................................................................................................
1 to 24 percent.........................................................................................................
N o recovery..............................................................................................................

3
5
28

4
5
7

A ll b a n k s ......................................................................................................................
B an ks s h o w in g recovery o f—

Bank

E x a m in a t io n s

Policy and program. The Federal Deposit Insurance Corpora­
tion makes regular examinations of insured banks not members of the
Federal Reserve System. The Corporation, with the consent of the
Comptroller of the Currency, may conduct examinations of insured
national banks, and, with the consent of the Board of Governors of
the Federal Reserve System, may conduct examinations of State banks
members of the Federal Reserve System. The Corporation also
has authority to review the examinations of insured banks members of
the Federal Reserve System made by the Comptroller of the Currency,
the Board of Governors of the Federal Reserve System and any
Federal Reserve bank.



14

FEDERAL DEPOSIT INSURANCE CORPORATION

In 1933 and 1934 the Corporation was faced with the emergency
tasks of examining for insurance more than 7,000 banks not members of
the Federal Reserve System and of assisting in the rehabilitation of
nearly 2,000 of those banks. In 1935 and 1936 the Corporation was
able to devote attention to the development of its permanent examina­
tion procedures and policies and to the more effective discharge of the
general responsibilities for the maintenance of a sound banking struc­
ture placed upon it by the deposit insurance law. In 1935 the policy
was instituted of examining each insured bank not a member of the
Federal Reserve System once each year, and of making such additional
and special examinations as were required for the proper administra­
tion of the deposit insurance law. The policy was initiated during
1936 of reviewing examinations of insured national banks made by the
Comptroller of the Currency and of insured State banks members of
the Federal Reserve System made by the Board of Governors of the
Federal Reserve System and the Federal Reserve banks.
Number of examinations made. During the year the Corpora­
tion conducted 7,900 bank examinations. This number includes
7,600 regular examinations of insured banks not members of the Feder­
al Reserve System, more than 100 second examinations of such banks,
more than 100 examinations and investigations of banks applying for
admission to insurance and a number of special examinations in
connection with the extension of loans to and purchase of assets from
banks and for other purposes. The Corporation has made no exam­
inations of national banks or of State banks members of the Federal
Reserve System except in special cases such as national banks con­
templating conversion into insured State banks not members of the
Federal Reserve System, State banks contemplating withdrawal from
the Federal Reserve System and applying for insurance as banks not
members of the Federal Reserve System, or in connection with the
extension of loans and purchase of assets.
Examination procedure. Few changes were made in examina­
tion procedure during the year. The form of report of examination,
and the form used in summarizing the results of each examination,
were revised. The policy of holding examiners’ conferences, initiated
in 1935, was continued in 1936. Selected examiners engaged in
consultations with officers and directors of banks in difficulties.
The Corporation has continued its policy of selecting examiners
and assistant examiners on the basis of merit. Applicants for ap­
pointment as assistant examiners are given examinations to determine
their fitness for the positions sought. Candidates for appointment
to the position of examiner are selected from those who have demon­
strated exceptional ability in the field, the selections being made
almost entirely from the staff of the Corporation. All candidates for
the position of examiner are required to pass a written examination
before becoming eligible for appointment.
Purposes of bank examination. The bank examination is the
chief mechanism used in ascertaining the condition of a bank. In­



BANK EXAMINATIONS

15

formation derived from examinations forms the basis for most of
the decisions of the Corporation with respect to individual banks.
The most important purposes of bank examinations are: (1) to de­
termine through appraisal of assets the net worth or sound capital of
a bank and the protection afforded depositors or other creditors
thereby; (2) to determine the quality of the assets of the bank,
particularly the amount of substandard assets; (3) to ascertain the
existence of practices which are likely to lead to financial difficulties
or are otherwise unsafe or unsound; (4) to appraise the calibre of the
bank's management; and (5) to ascertain the existence of irregularities
and violations of law.
Appraisal of the bank's assets is a major task of an examination.
The examiner ascertains the value of the bank's assets and classifies
them as to quality. Undesirable or hazardous assets are listed and
discussed with the bank's officers and directors. Worthless and
doubtful assets are deducted from, and the determinable sound bank­
ing value of assets not shown on the books added to, both the assets
and the capital account in order to ascertain the net or true asset
position and the net worth or sound capital of the bank respectively.
The examiners of the Corporation endeavor to induce bankers to
carry assets on their books at sound values and to charge off losses as
they occur. Such a procedure will result in a published statement of
condition which will present to the public a more accurate picture of
the value of the assets behind the bank's liabilities. It impresses upon
the bankers concerned the realization of the true net worth of their
investment and of the extent to which economic difficulties and bad
judgment have resulted in losses, and prevents weakening of the bank's
capital by payment of excessive dividends. The Corporation re­
cognizes that a reasonable return on investment in bank capital is
essential for the attraction of adequate capital, but it also insists that
the maintenance of an adequate capital cushion is essential for the
safety of depositors and that that safety must not be sacrificed for
the sake of excessive or unearned dividends. Action taken by the
Corporation with regard to banks with inadequate capital is discussed
on pages 27 to 29.
Practices deemed by the Corporation to be unsound are called to
the attention of the officers and directors of the bank by the examiner
and an effort is made to secure their correction. If the practices per­
sist the examiner or his supervisor discusses the matter informally with
the proper supervisory authority to obtain the cooperation of that
authority in correcting the practices. Only when informal efforts are
unsuccessful is formal action taken by the Corporation to secure
correction, or, failing in that, to terminate the insurance of the bank.
In most cases personal and informal discussion has resulted in cor­
rection or elimination of the criticized practices. The Corporation
has been compelled to take formal action in only a few cases. The
formal actions of the Corporation with regard to cases of unsafe and
unsound practices are discussed in detail in the next section.



16

FEDERAL DEPOSIT INSURANCE CORPORATION

The Corporation recognizes that the selection of managerial officials
is a prime function of the owners of banks. However, in cases where
the management is of such a character as to subject depositors and
this Corporation to undue risk, it is the duty of bank examiners to
call the situation to the attention of the directors and to attempt to
secure the appointment of more competent officials. The Corpora­
tion is directing its efforts toward securing good management for
all insured banks.
Fraud or defalcation on the part of bankers is responsible for a
relatively large proportion of bank failures during periods of recovery
and prosperity. It is also during such periods that many of the de­
falcations are begun which come to light later in times of strain. While
the Corporation in making an examination does not audit the affairs of
a bank unless irregularities are suspected, the examination does occa­
sionally uncover defalcations. The detection of defalcations and other
irregularities is useful, not only as a protection to depositors and this
Corporation from possible ultimate loss, but also as a service to bank
stockholders, particularly in the case of small banks unable to provide
adequate safeguards in the handling of cash and securities. The value
of this aspect of examinations is greater than is indicated by the ir­
regularities actually discovered, since a knowledge that the examina­
tions are made undoubtedly inhibits many potential defaulters.
Violations of law, regulations, orders or rulings are called to the
attention of officers and directors of the bank and to the supervisory
or regulatory authorities responsible for their enforcement.
B a n k in g

P r a c t ic e s

Action on unsafe and unsound practices and violations of
law or regulations. The Federal Deposit Insurance Corporation

is authorized to terminate the insured status of any bank which con­
tinues to engage in unsafe or unsound practices or violations of law
or regulations. The procedure followed in these cases, as specified
in the deposit insurance law and as developed in practice, is as follows:
(1) the proper bank supervisory authority (Comptroller of the Cur­
rency in the case of a national bank, or of any other bank in the
District of Columbia, the State banking authority in the case of a
State bank, or the Board of Governors of the Federal Reserve System
in the case of a State bank member of that system) is notified of the
existence of such practices or violations; (2) the bank is allowed 120
days, or such shorter period as may be specified by the appropriate
supervisory authority, in which to correct the practices or violations
in question; (3) after the close of the period specified the bank is re­
examined to determine the extent to which the practices or violations
have been corrected; (4) if the practices or violations have not been
corrected the bank is notified of the intention of the Corporation to
terminate its insured status after 30 or more days and a time and place
for a hearing is designated; (5) a hearing is held by the Board of Direc­
tors of the Corporation, or by a designated representative, at which



BANKING PRACTICES

17

the bank may appear, to consider the evidence; and (6) if the evidence
shows that the practices or violations exist and are continuing, an
order is issued terminating the insured status of the bank.
During 1936 the Corporation notified the appropriate bank super­
visory authorities of the continuance of unsafe or unsound practices
or of violations of law or regulations in the case of 24 insured banks.
In three cases the practices or violations had been corrected by the
close of the year. In three other cases the banks had been notified
of the intention of the Corporation to terminate their insured status
and dates had been set for hearings. In eight cases the 120-day
waiting period had expired and further action by the Corporation was
pending. In five cases the 120-day waiting period had not expired,
and in five other cases the banks had suspended or had been absorbed
by other banks. Up to the close of 1936, the Corporation issued no
order terminating the insurance of a bank by reason of the existence
of unsafe or unsound practices or of violations of law or regulations.
Further details regarding these cases will be found in Table 4.
T ab le 4.

INSURED BANKS ClTED TO SUPERVISORY AUTHORITIES FOR UNSAFE OR

U n s o u n d B a n k in g P r a c t ic e s or V io l a t io n s o f L a w or R e g u l a t io n s , 1936
Number of
cases

T o t a l c a s e s ............................................................................................................................................

24

S ta tu s o n D e c e m b e r 31, 1936:
Correction m ade...............................................................................................................................
Bank closed........................................................................................................................................
Bank absorbed by another b an k..................................................................................................
120-day correction period expired:
Bank notified of intention to terminate its insured status and date set for hearing. .
Action awaiting results of reexamination...............................................................................
Action deferred because of change of bank management and partial correction.........
Action otherwise deferred...........................................................................................................
120-day correction period not yet expired.................................................................................

3
4
1
3
3
3
2
5

Character of unsafe and unsound practices and violations of
law or regulations leading to Corporation action. Most of the

banks cited for unsafe or unsound practices or violations of law or
regulations have been engaged not merely in one but in many such
practices and violations. In practically all such cases the statements
sent to bank supervisory authorities have enumerated various general
criticisms of managerial policy, such as “ poor credit and collection
policy,, in addition to specific unsound practices or violations of law.
The most common types of unsafe and unsound practices specified
in notices to supervisory authorities were as follows: (a) operation with
inadequate capital; (b) excessive extension of credit to officers or di­
rectors; (c) other unduly hazardous or illegal extensions of credit; (d)
holding of excessive volume of hazardous assets; (e) inadequate credit
information and absence of financial statements of borrowers; (f)
carrying of losses among assets; (g) operation with dishonest, incom­
petent or careless management.



18

FEDERAL DEPOSIT INSURANCE CORPORATION

T a b le 5.
L aw

U
and

nsafe

R

and

U

nsou nd

e g u l a t io n s
to

for

W

Su p e r v is o r y A

B a n k in g P r a c t ic e s
h ic h

24 I n su r e d B

u t h o r it ie s

D

u r in g

and
anks

V

io l a t io n s

w ere

C

of

it e d

1936
Number
of banks
cited

C a p ita l:
Operation without capital or when insolvent..............................................................................
Operation with impaired capital.....................................................................................................
Unauthorized reduction of capital..................................................................................................
C h a ra cter o f loa n s a n d in v e stm e n ts :
Lax loan, or loan and investment, policies...................................................................................
Excessive credit to officers or directors.........................................................................................
Excessive credit to other favored borrowers................................................................................
Unwarranted credit extension to persons on whom losses had previously been sustained
or on lines previously criticized by examiners........................................................................
Credit in excess of good banking practices...................................................................................
Excessive credit extension through overdrafts............................................................................
Unwarranted increase in loans and discounts..............................................................................
Purchase of or loans upon speculative securities........................................................................
Abnormal volume of substandard loans or securities................................................................
Abnormal volume of non-income-producing loans......................................................................
Abnormal volume of real estate or real estate loans likely to be defaulted.........................
Inadequate collateral for loans........................................................................................................
C o lle c tio n p o lic y :
Lax collection p olicy...........................................................................................................................
Abnormal volume of past-due loans...............................................................................................
Failure to give necessary attention to loans of questionable value to prevent them from
developing into losses....................................................................................................................
Failure to reduce excessive lines......................................................................................................
Failure to reduce excessive credit to officers................................................................................
Failure to renew loans properly......................................................................................................
C red it r e c o rd s:
Inadequate credit information and absence of financial statements of borrowers...............
Failure to secure up-to-date information before renewing loans............................................
Inadequate evidence supporting acquisition of real estate.......................................................
Failure to record mortgages or deeds on real estate..................................................................
C h a ra cte r o f m a n a g e m e n t:
Failure of directors to care properly for interests of ban k.......................................................
Failure of cashier or managing officers to care properly for interests of ban k ....................
Failure of directors to attend meetings of board regularly......................................................
Failure of officers to call annual meetings of stockholders and to cause election of legally
constituted board of directors....................................................................................................
Continued employment of incompetent cashier...........................................................................
Failure of cashier to obey board of directors...............................................................................
Attem pt to deceive bank examiners...............................................................................................
Disregard of recommendations of examiners...............................................................................
Violation of bank’s by-law s........................................................................................................
Dishonest replies to questionnaires from Federal Deposit Insurance Corporation............
Withdrawal of cash or use of bank funds by officers.................................................................
B o o k k e e p in g a n d g en era l r e c o r d s :
Inclusion of losses among assets......................................................................................................
Replacement in assets of bank of charged off losses..................................................................
Inadequate records, or records not up-to-date............................................................................
Failure to credit interest paym ents................................................................................................
Failure properly to record renewal of loans in minutes of meeting of board of directors. .
M is ce lla n e o u s p o lic ie s :
Continuous borrowing by ban k .......................................................................................................
Carrying of an unwarranted amount of public funds on deposit in proportion to quick
assets..................................................................................................................................................
Inadequate surety coverage..............................................................................................................
Im proper disbursements for salaries or fees.................................................................................
Im proper disbursements for dividends...........................................................................................
Im proper transactions in earnings and reserve a ccou nts..........................................................
W aiving and rebating of interest on loa n s...................................................................................
Unauthorized payment of dividends on stock to certain stockholders, disguised as salaries

4
13
1

17
10
2
3
2
5
1
3
11
6
4
4

13
9
2
1
1
4
15
1
2
3
11
6
1
1
1
1
3
7
2
2
3

11
2
6
1
1

2
2
4
3
1
1
1
1

V io la tio n s o f la w a n d r e g u la tio n s :
Making loans when capital and reserves are im paired.............................................................
1
Credit extension in excess of legal lim it........................................................................................
13
Loans on real estate not com plying with State la w ...................................................................
1
Failure to maintain legally required reserves.............................................................................. ................... 1
Failure of directors to make examination of bank as required by State la w .....................
2
Failure to bond officers as required by la w .................................................................................. ...................1
V iolation of regulation of Federal Deposit Insurance Corporation regarding payment of
interest...............................................................................................................................................
3




BANKING PRACTICES

19

A more detailed list of the unsafe and unsound practices and viola­
tions of law or regulations for which banks were reported to super­
visory authorities, will be found in Table 5.
Unsound practices with regard to purchase and sale of se­
curities. The Corporation has been viewing with concern the pre­

valence of speculative practices by banks in handling their investments.
Over the past two or three years many banks to an increasing extent
have been buying securities with a view to obtaining profits from a
rise in the prices of those securities, rather than with a view to ob­
taining reasonable earnings over a period of time. When a bank
buys securities with the primary intention of selling them again at
higher prices that bank is speculating. Dealing in high grade securi­
ties does not alter the essential speculative nature of the transaction.
Banks should be managed as institutions of loan and investment
rather than as institutions of speculation. Securities should be
bought not for trading purpose but for sound investment. Purchases
should be made in the light of the bank's requirements. A proper
distribution of types and maturities should be maintained so as to
keep the bank's portfolio turning over in such a way as to reduce to
a minimum the possible necessity of liquidation at depressed prices.
The banks constitute one of the most important groups of investors
in the bond market. As a group they cannot get in and out of the
investment market without completely disrupting that market. As a
consequence they cannot speculate in securities without undermining
the soundness of the financial structure of the entire country. Specu­
lation by banks in securities leads to recurrent waves of buying and
selling which disrupt the price structure, and interfere with the flota­
tion of capital issues essential to the maintenance of a growing
industrial economy.
Over the past few years some banks have been using profits secured
from speculation in securities to pay dividends and to retire preferred
stock without making adequate provision for possible future deprecia­
tion in the securities purchased by them at high levels of prices. So
long as banks speculate in securities they can expect at some time to
incur losses. The Corporation insists that insured banks should make
provision for any depreciation or losses that may occur. To fail to
make such provision is to engage in an unsound banking practice and
to continue such a practice may constitute grounds for the termination
of the insurance of an insured bank.
Accumulation by banks of substandard assets. Examinations
of insured banks not members of the Federal Reserve System during
1936 revealed that of their holdings of securities other than those
issued by or fully guaranteed by the United States Government
approximately 25 percent were of substandard quality, and that of
their loans approximately 21 percent were substandard.1 The volume
^Substandard securities include the appraised values of bonds below the fourth high rating by a
recognized service, or its equivalent, of stocks, of defaulted securities, and of other bonds not rated but
considered by examiners to be hazardous. Substandard loans are those which are considered to be
hazardous and are undesirable for a bank to hold; in an examination they carry the technical designation
“ Slow.”




20

FEDERAL DEPOSIT INSURANCE CORPORATION

of both substandard securities and substandard loans and their pro­
portion to total loans and total securities were smaller in 1936 than in
1935. Banks with deposits of less than $500,000, however, increased
their holdings of substandard securities. The large banks, parti­
cularly those in the important financial centers, reduced their holdings
of substandard securities.
The increase in the holdings of substandard securities by the small
banks reflected in part increases in market value, in part purchases for
the purpose of obtaining high yields and market profits, and in part
lack of proper knowledge or advice regarding good bond investments.
Sound banking practice calls for the purchase of only high grade
securities which offer a minimum risk of default. In the past,
investment in substandard securities has been an important factor in
failure of banks.
One of the major tasks of the Corporation is to discourage the ac­
cumulation by banks of hazardous assets. The Corporation does not
exercise and does not wish to exercise detailed control over the assets
of banks. It is concerned only with the maintenance of reasonable
standards of soundness. It endeavors to secure adherence to those
few simple rules regarding the purchase of securities, the making of
loans, investment in bank buildings and equipment, and holdings of
real estate, which have always had the support of most bankers.
Outstanding loans of a hazardous nature should be collected at the
earliest opportunity and every effort should be made to avoid such
loans in the future. Banks should buy only high grade securities.
Investment in bank buildings and equipment should be at the mini­
mum compatible with efficient bank operations. During the past
several years many of the banks, through foreclosure, have acquired
considerable volumes of real estate which, due to the demoralized
state of the real estate markets, it was not expedient to dispose of
immediately. Sound banking practice requires the disposal of such
real estate as active markets develop. Banks should not speculate
in real estate any more than in securities or other assets.
A d m is s io n s

to a n d

T

e r m in a t io n s

of

Insurance

Applications approved and rejected. During 1936 approximate­
ly 133 formal applications were received from State banks not mem­
bers of the Federal Reserve System for admission to insurance and
58 such applications were pending at the beginning of the year. Of
these 191 applications 124 were approved and 42 were disapproved.
The remainder had been withdrawn or were pending at the close of
the year. Only 106 of the banks approved for insurance were actually
admitted during 1936. The remainder had not opened for business
or had not met the conditions of approval by the close of the year.
Table 6 shows the number of applications for insurance acted upon
by the Corporation, the disposition made of those applications, the
character of the institutions involved and the status as of the close
of the year of the institutions whose applications were rejected.



ADMISSIONS TO AND TERMINATIONS OF INSURANCE

21

Autom atic admissions to insurance. Banks in the continental
United States granted national charters and authorized to open for
business by the Comptroller of the Currency, State banks ad­
mitted to membership in the Federal Reserve System, and national
banks in the possessions applying for insurance and certified by the
Comptroller of the Currency as to ability to qualify for insurance,
are automatically admitted. Applications for national bank charters
and applications of noninsured banks for admission to Federal Re­
serve membership, however, are referred to the Federal Deposit
Insurance Corporation for an opinion as to whether the banks should
be admitted to insurance. Except for certain types of cases of
application of noninsured banks for membership in the Federal Re­
serve System, the opinion rendered by the Corporation is advisory
only and does not control the issuance of national charters or the
admission of noninsured banks to membership in the Federal Reserve
System. The Corporation believes that no bank should be permitted
to become insured without its approval.
T ab le 6.

APPLICATIONS FOR ADMISSION TO INSURANCE ACTED UPON BY
F e d e r a l D ep o s it I n s u r a n c e C o r p o r a t io n D u r in g 1936

THE

BANKS NOT MEMBERS OF THE FEDERAL RESERVE SYSTEM
Insured banks
Banks
reorganizing
Banks
under new
operating but opened, or
opening
charters or
not insured
contemplated withdrawing
Jan. 1,
during
from F. R.
19361
1936
System

Total

166

68

51

47

Approved:
Insurance effective in 1936..........................
Insurance not effective in 1936...................
Plans abandoned and approval rescinded.

106
16
2

42
7
1

27
4

37
5
1

Disapproved:
Banks continued in operation, or opened
or reorganized, without insurance.........
Banks closed, or plans of organization or
reorganization abandoned or delayed. . .

25

17

6

2

17

1

14

2

T o t a l a p p lica tio n s a cte d u p o n ......................

in clu d es proposed successors to operating noninsured banks and proposed reorganizations of
restricted banks.

During the year the 19 banks which received national charters
from the Comptroller of the Currency, the 5 noninsured State banks
which were admitted to membership in the Federal Reserve System,
and the 1 applicant national bank in the possessions, were automatical­
ly admitted to insurance. Of these banks 14 were successors to other
insured banks.
Number and classification of banks admitted to insurance.

The total number of banks admitted to insurance during 1936 was
129, excluding 6 banks withdrawing from Federal Reserve membership
but continuing their insurance. Of these approximately one-third
were successors to other insured banks, one-third banks in operation
but not insured at the beginning of the year, and nearly one-third
banks beginning operations during the year. Of the 36 which opened



22

FEDERAL DEPOSIT INSURANCE CORPORATION

for business during the year and were admitted to insurance, 4 were
successors to or reopenings of closed banks, and 32 were new banks
without ascertainable predecessors.
Table 7 summarizes the character and class of banks admitted to
insurance during 1936. Further details are given in Table 102, pages
102-04.
Table 7.

B a n k s ADMITTED TO INSURANCE DURING 1936
Members Federal Reserve
N ot members
System
Federal Re­
serve System
National
State

Total

T o t a l n u m b e r o f a d m is s io n s ..........................

135

19

5

Jill

Banks beginning operations during 1936:
New banks without predecessors...............
Reopenings of or successors to closed banks

32
4

6

1

25
4

2

34

Banks operating but not insured at beginning
of year:
Regularly operating under general banking
laws and admitted to insurance without
reorganization.............................................
Operating under restrictions and re­
organized under old charters at time of
admission to insurance..............................
Private banks incorporated and other
banks reorganized under new charters at
time of admission to insurance2 .............
Trust com pany not doing a banking business
Banks succeeding other insured banks.........
Banks withdrawing from Federal Reserve
System and readmitted as banks not
members of that System ..............................

36
5

5
1

4

1

1

46

12

32

5

6

2

6

in clu d es 4 banks approved for admission to insurance in 1935, but with insurance not effective
until 1936, and 1 national bank in the Virgin Islands admitted to insurance upon certification of the
Comptroller of the Currency.
in clu d es 1 bank previously operating under restrictions.

Policy governing admission of banks to insurance. The
law requires that in considering the application of a bank for admission
to insurance the Corporation shall take into account the following
factors: the financial history and condition of the bank, the adequacy
of its capital structure, its future earnings prospects, the general
character of its management, the convenience and needs of the com­
munity to be served by the bank, and whether or not its corporate
powers are consistent with the purposes of the deposit insurance law.
The Corporation is opposed to the establishment of any banking
office, whether a bank or a branch, in a community already ade­
quately served or in a community which cannot support the type of
banking facility contemplated. Many difficult problems, however,
are encountered in determining when banking facilities are adequate
without being excessive. Modern transportation and communication
methods and changing financial practices have reduced the number of
banking offices needed for adequate service to the public in comparison
with the number needed two or three decades ago.
Depositors are far more numerous and make more frequent visits to
banking offices than do borrowers. The provision of adequate facili


ADMISSIONS TO AND TERMINATIONS OF INSURANCE

23

ties to depositors requires the location of banking offices within con­
venient distances, so that depositors may cash checks and make
deposits without undue expense and loss of time. Adequate banking
facilities for borrowers requires access to an institution able to appraise
risks and to give accommodations adjusted in amount and time of
repayment to the business of the borrower; the time involved in reach­
ing a bank is of less importance to borrowers than to depositors. In
many cases the Corporation has found that although deposit facilities
are needed, the opportunities for lending and investing funds are not
sufficient to assure enough earnings to justify the organization of a
bank.
The mere promise of profitable operations during prosperous times
is not sufficient ground for the admission of banks to insurance.
Where banking facilities already exist and additional capital can be
profitably employed the Corporation seeks to have that capital put
into existing institutions in order to strengthen them. The burden
of proof must rest with the applicants to demonstrate that a pro­
posed institution is essential to a community. So long as banking
authorities, however, are willing to charter banks irrespective of their
ability to qualify for insurance, the influence of the Corporation in
preventing the establishment of excessive facilities or uneconomic
units is limited.
The development of excessive credit facilities through the chartering
either of banks or of other types of special credit institutions tends
to undermine the soundness of the financial structure of the country.
The existence of excessive facilities makes it difficult for the institu­
tions to operate profitably and leads to development of unsound
practices. To an increasing extent banks are being subjected to the
competition of other types of institutions or agencies organized for the
purpose of holding the savings of the country or to fill special types
of credit needs. These specialized institutions are expanding rapidly
in number and in the scope of their operations.
The Corporation does not oppose the creation of needed specialized
credit agencies which may compete with banks. The Corporation
believes that if the present banking system is to continue to operate
successfully it must do so on a competitive basis, giving as good
service at as low cost as other institutions or agencies.
Our entire credit system, however, is so bound up with the public
welfare that supervision of the different types of institutions must be
coordinated. In the State jurisdictions, chartering and supervisory
powers over the different types of deposit, savings, loan and invest­
ment agencies should be concentrated in a single authority and, insofar
as possible, uniform standards developed. In the Federal establish­
ment, greater coordination than has hitherto obtained is essential
among the different agencies which charter and supervise deposit,
savings, loan, investment and other credit institutions; and a closer
cooperation with State authorities, and a better understanding of
their problems, must be developed.



24

FEDERAL DEPOSIT INSURANCE CORPORATION

Terminations of insurance. During the year 235 insured banks,
excluding those succeeded by other insured banks, were closed on
account of suspension, absorption, consolidation, or voluntary li­
quidation, and one bank withdrew from Federal Reserve membership
without continuance of insurance. No banks were expelled from
insurance by the Corporation.
E

s t a b l is h m e n t o f

B ranches

or

A

d d it io n a l

O f f ic e s

Applications approved by the Corporation. During 1936 the
Federal Deposit Insurance Corporation approved 91 applications
from banks not members of the Federal Reserve System to establish
or to relocate branches or additional offices. Eight applications were
disapproved. Approval of the Corporation is not required for the
discontinuance of a branch or additional office.
Slightly over one-half of the applications acted upon were for the
establishment of new branches or offices, that is, branches or offices in
places where no banking offices previously existed or which increased
the number of banking offices in the places in which they were to
be located. The other applications dealt with conversions of absorbed
banks into branches or additional offices, retention of additional
offices of absorbed banks, conversion of main offices into branches,
and the relocation of branches or additional offices. Further details
regarding these applications are given in Table 8.
Table 8.

APPLICATIONS TO ESTABLISH
by the

Federal D

e p o s it

OR R ELO CATE BRANCH ES

Insurance C

o r p o r a t io n

D

u r in g

ACTE D

U PO N

1936

INSURED BANKS NOT MEMBERS OF THE FEDERAL RESERVE SYSTEM
Approved
Opened
N ot
Plan to
Dis­
or re­
opened or
operate
approved
located
relocated
branch
by Dec. 31, by Dec. 31, abandoned2
19361
1936

Total

T o t a l a p p lica tio n s a p p roved o r d is ­
a p p rov ed .........................................................
T o esta b lish n ew b r a n c h e s ....................
T o rep la ce u n it b an k s w ith b ra n ch e s —
t o t a l .............................................................
T o convert absorbed insured bank into
branch......................................................
T o convert absorbed noninsured bank
into branch .............................................
T o replace suspended insured bank. . . .
T o c o n tin u e o p e ra tio n o r ch a n g e lo c a ­
tio n o f bra n ch es in o p e ra tio n — total
T o retain branches in operation at time
of admission to insurance....................
T o retain branches previously operated
by absorbed or succeeded insured
banks.
..................................
T o change location of branches

99

68

19

4

8

54

34

10

2

8

27

20

5

2

24

17

5

2

1
2

1
2

18

14

6

6

7
5

6
2

4

1
3

in clu d es several branches opened and operated for various periods of time prior to approval by
the Federal Deposit Insurance Corporation; includes also 1 branch disapproved by the Federal De­
posit Insurance Corporation in 1935 but approved upon reconsideration in 1936.
2
In 3 of these cases the approval of the Federal Deposit Insurance Corporation was rescinded;
in the other case the branch was operated for about two weeks and discontinued.




ESTABLISHMENT OF BRANCHES OR ADDITIONAL OFFICES

25

The number of applications approved for the establishment or re­
location of branches or additional offices differs from the number
actually established or relocated, due to the fact that in a number of
cases the offices approved had not been opened by the end of the year,
and in a few cases had been approved in 1935 or had been opened in
1935 prior to approval by the Corporation.
Other offices opened. Banks which are members of the Federal
Reserve System are not required to obtain the approval of the Federal
Deposit Insurance Corporation to open or relocate branches or ad­
ditional offices. These banks opened nearly one hundred offices dur­
ing the year, of which about two-fifths were new offices and about
three-fifths were conversions of absorbed banks.
Policy governing establishment of branches or additional
offices. Upon receipt of an application to establish a branch or

additional office the Corporation first satisfies itself that such estab­
lishment is authorized by law and has the approval of the proper
State supervisory authority. These conditions having been complied
with, the Corporation is required by the deposit insurance law to
deal with the application on its merits, giving due consideration to the
same factors governing action on applications of banks for admission
to insurance, and paying particular attention to the adequacy of the
capital structure of the applicant bank, the prospect of profitable
operation of the branch, and the needs of the community.
The Corporation believes that no bank should be allowed to estab­
lish a branch or additional office which, in addition to the minimum
requirements specified in the law, does not have the minimum capital
desired by the Corporation. The Corporation insists that unit banks
adhere to such standards and believes that no discrimination should be
made with regard to its standards as between unit banks and banks
operating more than one office. Divided responsibility makes it diffi­
cult at times, however, for the Corporation to adhere strictly to its
policy without subjecting some banks to discrimination. During the
year 101 branches or additional offices were opened or acquired by 36
insured banks whose capital did not satisfy the minimum established
by the Corporation. Table 9 shows for each class of insured bank
the number of banks opening or acquiring branches or additional
offices during 1936 grouped according to whether or not the banks
had a total capital account equal to not less than 10 percent of total
deposit liabilities.
Divided supervisory authority leads to progressive lowering of
standards which may have serious consequences as banking operations
become more profitable and pressure for opening new banking offices
becomes greater. In order to avoid such a development the Corpora­
tion recommends that, should Congress consider making any changes
in Federal legislation relating to branch banking, specific attention
be given to the requirements relating to capital of banks operating
branches. The Corporation recommends that in addition to existing
legal minimum requirements an insured bank contemplating the
establishment of a branch should be required to have such minimum



26

FEDERAL DEPOSIT INSURANCE CORPORATION

capital as the Federal Deposit Insurance Corporation may prescribe.
The minimum to be prescribed by the Corporation should bear a
reasonable relation to the liabilities and other obligations and respon­
sibilities of the banks, having due regard for the quality and character
of the banks' assets.
T ab le 9.

N u m b e r AND DEPOSITS OF OPERATING INSURED COMMERCIAL BANKS
E

s t a b l is h in g

B

ranches or

D

u r in g

A

d d it io n a l

O f f ic e s

1936

(Deposits in thousands of dollars)
Deposits of banks with
Number of banks with
ratio of total capital
ratio of total capital
account to total deposits of- account to total deposits ofLess than
10 percent

10 percent
or more

Less than
10 percent

10 percent
or more

All in su red c o m m e rcia l b a n k s .......................

36

75

3,371,279

1,407,362

Members F . R . System
N ational............................................................
S tate..................................................................

14
7

15
15

1,875,462
1,290,704

972,929
323,789

N ot members F. R . System .............................

15

45

205,113

110,644

C hanges

in

C a p it a l

of

Banks

Capital retirements approved by the Corporation. During
1936 the Federal Deposit Insurance Corporation approved the
retirement by 504 insured banks not members of the Federal Reserve
System of $18 million of preferred stock, capital notes, and debentures
held by the Reconstruction Finance Corporation. Applications of
166 banks to retire about $4 million of such capital obligations were
disapproved. About half of the approvals of retirement of Recon­
struction Finance Corporation capital were made conditional upon
the issue of new preferred or common stock or upon the writing off
of losses from the books of the bank.
The capital obligations retired amounted to 9 percent of the total
amount of such obligations of insured banks not members of the
Federal Reserve System held by the Reconstruction Finance Cor­
poration. At the close of the year that Corporation still held ap­
proximately $192 million of the capital obligations of these banks.

The Federal Deposit Insurance Corporation also approved the
applications of 20 insured banks not members of the Federal Reserve
System to retire other capital obligations, or to reduce common stock
and disburse the proceeds, amounting to $574,000. In eight cases
applications for permission to make such retirements or reductions
were disapproved. Approval was also given by the Corporation
to several applications for cancellation or reduction of the value of
capital stock simultaneously with the sale of new stock or with the
elimination of losses or increase of reserves or surplus on the banks’
books. Further details are given in Table 10,



27

CHANGES IN CAPITAL OF BANKS

Repayment of contributions of stockholders, directors and
others. Many insured banks which were reorganized or received

contributions from stockholders or others when they were reopened
after the Banking Holiday of 1933 have certificates of beneficial in­
terest outstanding in favor of such contributors. While these certi­
ficates of beneficial interest are usually carried in the bank's condition
statement at a nominal value, they nevertheless usually carry a prior
claim on part or all of the profits of the bank. Some retirements of
such certificates, and repayment of contributions or release of direc­
tors' guaranties, occurred during the year.
Policy regarding capital of banks. The Corporation has dis­
approved retirement of capital obligations of banks, repayment of
contributions or release of guaranties in those cases in which the sound
capital would have failed to meet the minimum desired by the Cor­
poration after giving effect to such retirements, repayments or releases.
The minimum desired by the Corporation is a sound capital sufficient,
having due regard for the quality and character of the assets held,
to give reasonable assurance of the maintenance of an adequate margin
of protection to depositors and other creditors and in no case equal to
less than 10 percent of total deposits, and, in addition, a sound capital
sufficient to assure the proper discharge of other responsibilities and
functions of the bank.
T ab le 10.
U

APPLICATION S FOR R ETIREM EN T OR REDUCTION

pon by th e

F ederal D

e p o s it

Insurance C

OF

o r p o r a t io n

D

C A P IT A L
u r in g

ACTED

1936

INSURED BANKS NOT MEMBERS OF THE FEDERAL RESERVE SYSTEM
Amount of retirement
or reduction

Number of banks
making application
Approved1 Disapproved

T o t a l ..........................................................................

Approved

Disapproved

575

177

$29,774,229

$4,870,365

504
5
10

166
1

18,040,199
117,500
4,301,000

4,351,665
50,000

11
4

6

233,200
75,000

168,700

C a p ita l o b lig a tio n s h e ld b y th e R e c o n ­
s tr u c t io n F in a n ce C o rp o ra tio n (including
obligations held as collateral for loans):
T o retire................................................................
T o cancel commitment of R F C ......................
T o reduce par value (but not retireable value)
P referred s to c k a n d d e b e n tu re s n o t h e ld by
th e R e c o n s tr u c tio n F in a n ce C o rp o ra ­
tio n :
T o retire...............................................................
T o convert into common stock .
T o cancel stock or debentures contributed
to bank ..........................................................
To reduce par value (but not retireable value)

4
3

270,800
1,864,000

C om m on sto ck :
To reduce and disburse p ro ce e d s................
T o reduce or cancel, with simultaneous issue
of new stock or debentures.......................
T o reduce capital stock and correct capital
impairment, eliminate losses, or increase
reserves or surplus.........................................

9

2

32

341,210

25,000

2,524,250

18
2

2,007,070

275,000

in clu d es approvals conditional upon the fulfillment b y the applicant banks of specified conditions.
In some cases these conditions were not fulfilled during 1936. Since some applications for the retirement
or reduction of capital obligations held by the Reconstruction Finance Corporation and some applications
for the retirement or reduction of preferred or common stock held by others, were made by the same banks,
the total number of banks is less than the sum of the figures in the column below.




28

FEDERAL DEPOSIT INSURANCE CORPORATION

The amount of sound capital which a bank has in relation to its
deposits is one of the most important measures of the protection
afforded by that bank to its depositors and to the Federal Deposit
Insurance Corporation. Whenever a bank is found to have an in­
adequate margin of sound capital the Corporation endeavors to secure
an increase in its capital funds. Of the insured banks not members
of the Federal Reserve System 842, or 11 percent, had at the time of
examination in 1936 sound capital that was equal to less than 10
percent of total deposits. A distribution of insured banks not mem­
bers of the Federal Reserve System according to the ratio of sound
capital to deposits is shown on pages 54 and 55. The Corporation
is continuing its efforts to improve the capital position of these banks.
The Corporation has not compiled data regarding the sound capital
of banks members of the Federal Reserve System. Data regarding
the book value of their assets and liabilities compiled from reports of
condition as of December 31, 1935, however, reveal that more than
10 percent of the banks members of the Federal Reserve System have
capital below the minimum desired by the Corporation.
In general the larger banks have less capital in proportion to their
liabilities than do the smaller banks. At the close of the year 111 in­
sured commercial banks reported total deposits in excess of $50
million each. The 111 banks held nearly one-third of all the de­
posits insured by the Corporation. One-half, or 56, of these banks,
holding one-fifth of all the deposits insured by the Corporation, have
ratios of total capital account to total deposits of less than 10 percent.
The minimum set by the Corporation is lower than the banks as a
whole have ever had other than in times of acute depression. It was
adopted as a practicable minimum at a time when the banks were
struggling to rehabilitate themselves after three years of severe
liquidation and depression. General adherence by the banks to such
a low minimum as a standard would undermine the soundness of our
banking structure. For several decades banks have tended to operate
with decreasing capital margins. By 1920 they had reduced their
capital funds in relation to liabilities other than capital to less than
half the amount maintained twenty-five years earlier.
Banking operations are becoming more profitable and investment
of capital in banks will become more attractive. New capital funds
should be used to increase the capital equities of existing institutions
rather than to start new institutions which duplicate existing facilities.
Although a large number of factors must be taken into consideration
in determining the soundness of a bank and its risk to the Corporation
it may be said that, in general, the lower the capital ratio the greater
the risk to depositors and to the Corporation. The tendency of
banks to operate with narrower capital cushions increases the risk
of loss to the Corporation. The present assessment rate was estab­
lished on the assumption that losses in the future would be smaller
than in the past. Unless the declining trend in the ratio of bank



ASSUMPTION OF UNINSURED DEPOSITS

29

capital to liabilities is reversed losses may not be reduced, in which
case either the assessment rate will have to be raised or fundamental
changes will have to be effected in our system of banking.
A

s s u m p t io n

of

U

n in s u r e d

D

e p o s it s

Release of restricted deposits. Under the revised deposit in­
surance law, insurance coverage is extended only to deposits made
available to depositors in the regular course of business. At the close
of 1935 about 50 insured banks held deposits which had been restricted
as to payment since the Banking Holiday of 1933, and which were,
therefore, ineligible for insurance. The release of these deposits must
be approved by the Federal Deposit Insurance Corporation in order
for them to become insured. During 1936 the Corporation approved
the applications of 18 insured banks to release $2.4 million of restricted
deposits to their owners. One application covering $50,000 of de­
posits was disapproved.
In addition, many insured banks requested the approval of the
Corporation for the payment of dividends on certificates of beneficial
interest issued to former depositors who had waived part of their
deposit claims in order to permit the banks to continue or resume
operations. In most cases the Corporation interposed no objection.
Assumption of deposits of noninsured banks. Any assump­
tion of deposits of a noninsured bank by an insured bank requires the
approval of the Federal Deposit Insurance Corporation. During
1936 the Corporation approved 22 applications from insured banks
for permission to assume the deposits of noninsured banking institu­
tions. Sixteen of these institutions were regularly operating com­
mercial banks; the others included one bank operating under
restrictions, one mutual savings bank, one cooperative banking
company, one credit union and two closed banks. In 20 of these
cases the transactions were completed during 1936, in one case the plan
of absorption was abandoned and the approval of the Federal Deposit
Insurance Corporation rescinded, and in one case the absorption
had not taken place by the end of the year.

In three cases of absorption of noninsured banks by insured banks
the approval of the Corporation was not required, since in these cases
only assets of the absorbed bank were acquired, their deposit liabilities
being paid off in cash.
Assumption of deposits of insured banks by noninsured
banks. No applications were received by the Corporation from

noninsured banks for permission to assume the deposit liabilities of
insured banks. In three cases, however, noninsured banks were or­
ganized for the purpose of succeeding to the business of insured
banks which went into voluntary liquidation. Inasmuch as the de­
positors were paid off by the insured banks and no contract of assump­
tion was made the Corporation had no jurisdiction in these cases and
its approval was not required.



30

FEDERAL DEPOSIT INSURANCE CORPORATION

Assumption o f deposits, and change of location, of insured
banks. The assumption of deposit liabilities of one insured bank by

another insured bank does not require the approval of the Federal
Deposit Insurance Corporation, but such assumptions in connection
with mergers or absorptions involving insured banks not members of
the Federal Reserve System are frequently referred to the Corpora­
tion for approval prior to consummation. In four such cases during
1936 formal approval was given by the Corporation. In eight cases
the Corporation approved changes in location of insured banks not
members of the Federal Reserve System.
R

eports from

Banks

The Cor­
poration called for reports of assets and liabilities as of June 30,1936,
and December 31, 1936, from each insured bank not a member of the
Federal Reserve System, except those banks in the District of Colum­
bia and in the possessions which reported to the Comptroller of the
Currency. The Corporation also called upon the same banks for a
report of earnings, expenses, and disposition of profits for the year end­
ing December 31, 1936. The forms and instructions used in making
these calls were those edopted or approved by a committee on stand­
ardization of bank report forms organized by interested agencies.
The committee is composed of representatives of the National Asso­
ciation of Supervisors of State Banks, National Association of Bank
Auditors and Comptrollers, the American Bankers Association, the Re­
serve City Bankers Association, and the Federal Deposit Insurance
Corporation. The committee has made important progress in the
standardization of report forms. More than 30 States either are now
using the forms or have indicated their intention to do so in the
near future.
Summaries of the semi-annual reports of assets and liabilities,
tabulated by States and by size of bank, are published in pamphlet
form. Less detailed summaries will be found on pages 134-47 of this
report, and an analysis of the data on pages 48 to 49. The reports
for the year 1936 of earnings, expenses, and disposition of profits of
insured banks not members of the Federal Reserve System have been
tabulated on the basis of size of bank, number of banking offices in
same center, population of center, profitability of operations, and types
of assets and liabilities. The data are summarized in the tables on
pages 164-89 and analyzed on pages 55 to 59.
Reports of deposits. All insured banks were requested to report
as of May 13, 1936, the number of their accounts with balances of
over $5,000 and the number not over $5,000, together with the amount
of deposits in such accounts, classified by type of deposit. These
reports were used to estimate the amount and proportion of the
deposits of insured banks which are protected by this Corporation. A
pamphlet summarizing the data and entitled Insurance of Deposits
was published in November 1936. The form used and instructions
issued are given on pages 93 and 94. Some results of the inquiry
will be found on pages 65 to 77 of this report.
Reports of assets and liabilities and of earnings.




REGULATIONS AND RULINGS OP THE CORPORATION

31

Reports issued by the Federal Deposit Insurance Corporation are
sent without charge to insured banks and to others who request them.
R

e g u l a t io n s

and

R

u l in g s

of

the

C o r p o r a t io n

Advertising by insured banks. Regulation III, relating to
advertising by insured banks, was amended on October 26, 1936, to
be effective November 20, 1936. The amended regulation provides
in more specific terms what advertising matter of insured banks shall
include the official statement of Federal insurance of deposits. It
also enumerates a list of subjects, clearly unrelated to deposits, which,
when used in advertising matter relating only to such subjects, need
not be accompanied by the official statement. The amended regu­
lation is given on pages 82 to 85.
Interest on deposits. Regulation IV, relating to the payment
of deposits and interest thereon by insured banks not members of
the Federal Reserve System, which was approved December 21, 1935,
was amended January 23,1936, and made effective February 1 ,1936.1
Resolution extending tim e for insured banks to comply with
Regulation III, as amended. By resolution of the Board of

Directors effective December 3, 1936, insured banks with quantities
of advertising matter on hand which does not comply with Regulation
III are allowed until December 31, 1937, to distribute such matter.
The text of the resolution is given on page 85.
Resolution exempting banks with branches in foreign
countries from provisions of Regulation III under certain
circumstances. By resolution of the Board of Directors effective

December 17, 1936, Regulation III was made not applicable to
advertisements of banks which maintain offices in foreign countries,
in which offices the deposits are not insured, when such advertisements
are published in foreign countries. The text of the resolution is
given on pages 85 to 86.
Rules relating to payment of assessments. On June 11, 1936,
the Board of Directors adopted five rules relating to payment of
assessments by banks whose insured status has terminated, such rules
to govern all situations where the insured status of banks has ter­
minated since August 23, 1935, or will terminate in the future. The
text of these rules is given on page 92.
L e g is l a t io n A

f f e c t in g

D

e p o s it

Insurance

Extension of loan powers. On April 21, 1936, the President
of the United States approved a joint resolution of Congress amending
paragraph (4), subsection (n) of section 12B of the Federal Reserve
Act, as amended, extending until July 1, 1938, the power of the
lOn February 10, 1937, Regulation IV was amended, to be effective February 11, 1937, b y the
elimination of subsection (f) of section 1 and the addition to subsection (a) of section 2 of the following
sentence: “ Within this regulation any payment to or for the account of any depositor as compensation
for the use of funds constituting a deposit shall be considered interest.” The latter amendment was
only a formal change and did not affect the substance or meaning of the regulation as it had previously
existed. The amended regulation is given on pages 86 to 91.




32

FEDERAL DEPOSIT INSURANCE CORPORATION

Corporation to make loans to or purchase assets from banks whenever
in the judgment of the Board of Directors of the Corporation such
loans or purchases will reduce the risk or avert threatened loss to the
Corporation and will facilitate a merger or consolidation of an insured
bank with another insured bank. The original provision of the law
was to expire on July 1, 1936. The text of the resolution is given on
page 81.
State legislation affecting deposit insurance. The insurance
of deposits in banking institutions upon a national basis, provided for
in the Banking Act of 1933, presented numerous legal problems in
the practical application of the Federal deposit insurance law in the
forty-eight States of the Union. In some of the States statutes,
which were necessary for the proper functioning of the Corporation
in these States, were lacking. In some States statutes existed which
were at variance with the requirements of the Federal act. In
response to many requests the Corporation prepared drafts of bills
for introduction in the various State legislatures. This legislation
was framed in as general a manner as possible and was drawn to
grant authorizations rather than impose mandatory requirements.
The suggested legislation was designed chiefly to serve the follow­
ing purposes:
1. To authorize appointment of the Federal Deposit Insurance
Corporation as receiver or liquidating agent of closed insured banks;
2. To provide for cooperation between State banking authorities
and the Federal Deposit Insurance Corporation in making examina­
tions and in exchanging information with regard to insured institutions;
3. To authorize banking institutions to issue preferred stock
without double liability or to sell capital notes or debentures, and to
include such stock or notes sold to the Reconstruction Finance
Corporation in computing unimpaired capital or in satisfying mini­
mum capital requirements;
4. To exempt insured banking institutions, to the extent of the
insurance coverage, from furnishing security for certain types of
deposits under requirements of State law applicable to banks generally;
5. Specifically to authorize banking institutions to take advantage
of all benefits furnished by the Federal Deposit Insurance Corporation.
Up to the close of 1935 the legislative proposals had been adopted
in whole or in part in most of the States. During 1936 there were
only four regular sessions of State legislatures. In one of these
States all of the legislative proposals submitted by the Corporation
had previously been enacted. Action either on a part or most of
the proposals was obtained in the other three States.
The Corporation has, in addition, cooperated in the development
of legislation designed to provide for better control by the several
State banking authorities of the chartering of new banks, so that
factors may be taken into consideration that would result in the



33

ORGANIZATION AND STAFF

avoidance of the establishment of an unnecessary number of banks
in one locality and would permit banking services in others where
the need existed.
O r g a n iz a t io n

and

Staff

Directors. No changes in the directorship of the Corporation
occurred during 1936. The present directors served throughout the
year.
Divisions and com m ittees. During 1936 the New and Closed
Bank Division was reorganized and named the Division of Liquidation.
This Division pays insured depositors in closed insured banks, super­
vises liquidation of banks for which the Corporation is receiver, and
supervises the liquidation of loans made to and assets purchased
from banks. The Division has three sections: a pay-off and record
section, which handles the pay-off of depositors in closed insured
banks and maintains the accounting records of the Division; a liquida­
tion section, which has supervision of liquidation of banks for which
the Corporation is receiver and of loans made and assets purchased
by the Corporation; a legal section, which handles legal matters
relating to receiverships and other activities of the Division.
T ab le

11.

OFFICERS AND EMPLOYEES OF THE FEDERAL DEPOSIT
C o r p o r a t io n , D

ecem ber

INSURANCE

31, 1936

Total

Officers;
Clerical,
adminis­
stenographic,
trative,
and
supervisory,
custodial
and technical employees
employees

.............................................................................................

801

476

325

W a s h in g to n o ff i c e ....................................................................

273

92

181

Directors and aides.................................................................
Office of the Secretary............................................................
Administrative and Service D ivision..................................
Division of Exam ination........................................................
Division of Liquidation1 .......................................................
Division of Public Relations.................................................
Legal D ivision..........................................................................
Division of Research and Statistics....................................

8
10
104
42
55
4
11
39

4
1
21
20
30
3
5
8

4
9
83
22
25
1
6
31

D istr ic t o ffic e s ............................................................................

528

384

144

528

384

144

T otal

E xcludes 44 persona employed temporarily in connection with the liquidation of loans and of
suspended insured banks.

A committee on liquidation, loans, and purchase of assets, was
created to review recommendations of the Division of Examination
relative to loans and purchase of assets in connection with mergers,
and to consider recommendations from the Division of Liquidation
relative to the liquidation of banks for which the Corporation is
receiver, and of loans made to or assets purchased from banks. The
committee is composed of one of the directors of the Corporation
and of representatives of the Division of Examination, Division of



34

FEDERAL DEPOSIT INSURANCE CORPORATION

Liquidation, and Legal Division. Its recommendations are sub­
mitted to the Board of Directors for final action.
A chart of the organization of the Corporation as of December 31,
1936, is shown on page 6.
Personnel. Personnel at the close of 1936 consisted of 801 officers
and employees, of whom 273 were located in the main office at
Washington and 528 in the field and at the regional offices. The
number of employees increased by 63 during the year. Except for
temporary employees engaged in paying off depositors in insured
banks or in the liquidation of insured banks for which the Corporation
is receiver, the employees located in the field and at the regional
offices were all connected with the Division of Examination of the
Corporation. The number of officers and employees of the Cor­
poration at the end of 1936 is given in Table 11.
F

in a n c ia l

Statem ent

of

the

C o r p o r a t io n

Condensed balance sheets of the Corporation as of December 31,
1935, and December 31, 1936, are given in Table 12. An analysis of
surplus for the year 1936, and a statement of the distribution of
administrative expenses, are given in Table 13.
Incom e and expenses. The total income of the Corporation
during 1936 amounted to $43.8 million, and was received from two
sources: $35.6 million from assessments on insured banks at the rate
of 1/12 of 1 percent per year of their total deposits; and $8.2 million
from interest on securities owned after provision for amortization of
purchase premiums.
Total expenses and losses during the year amounted to $6.6 million.
Of this amount $4.1 million represented losses and expenses to the
Corporation incurred in paying depositors of suspended banks and in
aiding the merger of insolvent banks. Administrative expenses of
the Corporation amounted to $2.5 million.
Assessments. Assessments on insured banks are levied semi­
annually, in January and July, at an annual rate of 1/12 of 1 percent.
The amounts of the assessment are computed on the basis of certified
statements of deposits submitted by the banks. Each assessment is
for 1/24 of 1 percent of average daily deposits, including uninvested
trust funds and adjusted for uncollected items and other allowable
deductions during the six months ending, respectively, on the pre­
ceding December 31 and June 30.
Due to the growth in deposits, the second assessment collected in
1936 was approximately 3 percent larger than the first, the assessment
in January amounting to $17.5 million and that in July to $18.1
million. Only two-fifths of the total assessments collected in 1936
were received in cash, the remainder having been prepaid by credits
to the accounts of the banks at the close of the temporary deposit
insurance plan. Approximately $8.4 million of such credit still re­
mained at the close of the year to be applied on future assessments.



FINANCIAL STATEMENT OF THE CORPORATION

35

Incom e from investments. The funds of the Corporation, with
the exception of a working cash balance, and of assets acquired through
bank suspensions and mergers, are invested in United States Govern­
ment securities. The Corporation increased its holdings of United
States Government securities from $298 million to $333 million during
the year, but net income from these holdings showed practically no
change. Interest received on United States Government securities,
less allowances for amortization of purchase premiums, was $8,213,000
in 1936, compared with $8,159,000 in 1935.
At the close of 1936 the Corporation held subrogated claims of
depositors against closed insured banks, loans to merging banks made
to avert losses, and other assets acquired through bank suspensions
and mergers, amounting at face value to a total of $19 million. These
assets were carried on the books of the Corporation at $11 million,
the balance, or 40 percent, having been charged to expenses as a
reserve for losses.
Operating expenses. The administrative expenses of the Cor­
poration, which amount to approximately $2.5 million a year, are less
than one-third of the income of the Corporation from its investments
in United States securities. The cost of examining banks not mem­
bers of the Federal Reserve System is a large part of the administrative
expenses.
The item, “ deposit insurance losses and expenses” , amounting to
$4 million for the year 1936, represents the estimated loss and expense
to the Corporation incurred in paying off the depositors in banks
which suspended during the year and in making loans to and pur­
chasing assets from merging insolvent banks.
Reports to insured banks. The Federal Deposit Insurance
Corporation issued during 1936 a report summarizing briefly the
operations of the Corporation, and including statements of assets,
liabilities, surplus and expenses, from the inauguration of the per­
manent insurance plan to June 30, 1936. A similar report for the
period from June 30 to the end of the year has also been published.
Adequacy of assessment. The fact that the expenses and losses
of the Corporation have not exceeded its income from investments, thus
enabling a transfer to surplus of the entire amount of assessments
collected, has resulted in frequent proposals for a reduction in the
rate of assessment. The Corporation is opposed to any reduction
in the rate of assessment at the present time.
The deposit insurance system has not yet been tested. If an
insurance corporation with an assessment rate comparable to that now
in force had been set up at the close of any one of the four major
banking crises preceding the crisis of 1930-1933, assessments would
have proved inadequate to meet losses. In one case assessments
would have been sufficient to meet losses for only about six years.
In the other cases assessments would have been sufficient for eleven,
thirteen and twenty-two years, respectively. It is evident, therefore,
that the losses of the past three years are not a test of the adequacy
of the present rate of assessment.



36

FEDERAL DEPOSIT INSURANCE CORPORATION

T ab le 12.

COMPARATIVE BALANCE SHEET OP THE FEDERAL DEPOSIT INSURANCE
C

o r p o r a t io n ,

D

ecem ber

3 1 ,1 9 3 6 ,

and

D

ecem ber

3 1 ,1 9 3 5

December 31,1936 December 31,1935

ASSETS
Cash on hand and on deposit.......................................................

$

9,089,127.20

$ 33,477,860.73

United States Government securities— (cost less reserve for
am ortization of premiums) and accrued interest receivable

$332,642,349.08

$298,258,349.76

$ 10,410,968.67

$

Assets acquired through bank suspensions and mergers:
Subrogated claims of depositors against closed insured b an k s...
Net balances of depositors in closed insured banks pending
settlement or not claimed, to be subrogated when p aid-contra.
Loans to merging banks to avert deposit insurance losses...........
Assets purchased from merging banks to avert deposit insurance
Less*

Reserve for losses.............................................................

1,261,435.84
6,406,006.52
1,020,740.35
$ 19,099,151.38
7,707,929.23
$ 11,391,222.15

5,840,595.75
684,538.84
2,820,014.03

$
$

9,345,148.62
3,927,047.27
5,418,101.35

Furniture, fixtures and equipm ent................................................

$

1.00

$

1.00

Deferred charges and miscellaneous assets...............................

$

48,905.91

$

55,483.13

Total assets............................................... ..............................

$353,171,605.34

$337,209,795.97

LIA B IL IT IE S
Current liabilities:
Accounts and assessment rebates payable....................................... $
N et balances of depositors in closed insured banks pending
settlement or not claimed— contra................................................

1,261,435.84

684,538.84

Unused credits for assessments paid to temporary Federal
Deposit Insurance funds and prepaid assessments.............

8,360,441.69

30,257,108.53

Reserve for undetermined expenses and losses.........................
T otal liabilities........................................................................

76,623.72

$

92,534.39

68,223.32

118,278.69

9,766,724.57

$ 31,152,460.45

$150,000,000.00
139,299,556.99
$289,299,556.99

$150,000,000.00
139,299,556.99
$289,299,556.99

$

C A PITA L
Capital stock:
United States...........................................................................................
Federal Reserve banks..........................................................................
Surplus (See Table 1 3 )..........................................................................

54,105,323.78

16,757,778.53

Total capital.............................................................................

$343,404,880.77

$306,057,335.52

Total liabilities and capital...............................................

$353,171,605.34

$337,209,795.97




37

FINANCIAL STATEMENT OF THE CORPORATION

T ab le 13.
E

ANALYSIS OF SURPLUS ACCOUNT AND DISTRIBUTION OF ADMINISTRATIVE

xpen ses,

Federal D

e p o s it

i.

I nsu rance C

o r p o r a t io n ,

C alendar Y

ear

1936

a n a l y s is o f s u r p l u s

B a la n ce D e c e m b e r 31, 1935.....................................................................................................

$ 16,757,778.53

A d d-n et adjustments applicable to periods prior to January 1,
1936............................................................................................................................................

173,903.33

B a la n ce as a d ju s t e d D e c e m b e r 31, 1935............................................................................

$ 16,931,681.86

S u rp lu s fo r th e ye a r e n d in g D e c e m b e r 31, 1936:
Additions:
Deposit insurance assessments........................ $ 35,557,817.67
Interest earned (less provision for amortiza­
tion of prem ium s)...........................................
8,212,741.51
Deductions:
Deposit insurance losses and expenses.......... $
Administrative expenses....................................
Furniture, fixtures and equipment purchased
and charged o ff...............................................

$ 43,770,559.18

4,075,057.40
2,483,217.36
38,642.50

6,596,917.26

37,173,641.92

B a la n ce D e c e m b e r 31, 1936.....................................................................................................

$ 54,105,323.78

II. D IS T R IB U T IO N OF A D M IN IS T R A T IV E EXPE N SE S
Salaries.............................................................................................................................................. $
Professional services......................................................................................................................
Services of other governmental agencies..................................................................................
Transportation................................................................................................................................
Subsistence.......................................................................................................................................
Office rental......................................................................................................................................
Printing, stationery and supplies...............................................................................................
Postage, telephone and telegraph...............................................................................................
Fidelity bond premiums................................................................................................................
Subscriptions...................................................................................................................................
E quipment rental...........................................................................................................................
Repairs and alterations.................................................................................................................
Transportation of things..............................................................................................................
Miscellaneous...................................................................................................................................
Provision for undetermined expenses........................................................................................

1,790,971.13
5,269.25
125.00
100,142.77
375,719.37
111,624.51
73,789.20
28,276.68
6,305.85
2,385.14
741.59
4,645.87
1,836.56
2,623.16
1,489.46

$

2,505,945.54

L ess:
Miscellaneous income applicable to reduction of administrative
expenses..................................................................................................

$ 4,678.44

Inter-departmental expense transfers..................................................

18,049.74

A d m in istra tiv e expenses fo r th e yea r e n d in g D e c e m b e r 31,
1936..............................................................................................................




22,728.18

$

2,483,217.36

38

FEDERAL DEPOSIT INSURANCE CORPORATION

The rate of assessment now in force, furthermore, was adopted on
the assumption that losses in the future would be less than they have
been in the past: (1) as a result of greater stability in our economic
structure, resulting from improved credit control and improved
standards and practices of bank supervision; (2) by reason of the
fact that the banking structure has been rehabilitated; and (3) through
improvement in bank management resulting from the earnest and
cooperative efforts of bankers through conferences and research to
pool their knowledge and experience and develop improved standards
of management and banking practices.
Four years of business recovery from a severe depression do not
constitute an adequate test of the foundations of this assumption.
Present policies and instruments of credit control have not yet been
tested. The efficacy of our present supervisory system remains to
be demonstrated. In the past, diffusion of responsibility has led to
a progressive lowering of standards on the part of supervisory agencies,
with serious consequences to the soundness of our financial institu­
tions. Bank supervision is still distributed among several Federal
agencies.
No reduction in assessments should be made until we are assured
that the banking system will be maintained in a sound condition.
The Corporation has repeatedly emphasized the conditions necessary
to the maintenance of a sound banking system:
Facilities adequate to serve the needs of the public but
not so excessive as to impair the prospects of profitable
operations of the individual units;
Reasonable and coordinated policies regarding the char­
tering and supervision of all types of credit agencies;
Maintenance of adequate capital equities;
Operation with sufficient margin of profit to assure the
continued functioning of a bank;
Avoidance of payment of excessive unearned dividends
with consequent weakening of the capital structure;
Avoidance of speculative practices in the extension of
loans and the purchase of securities;
Avoidance of excessive loans to officers, directors, their
interests, and to other favored parties;
Prompt elimination of hazardous and worthless assets from
the bank's portfolio and proper provision for depreciation
of assets;
Maintenance of a proper distribution of assets so as to
permit prompt and easy discharge of the bank's expected and
foreseeable obligations;
Provision for those contingencies and hazards that are
characteristic of modern banking and of our economic



FINANCIAL STATEMENT OF THE CORPORATION

39

system, as well as those peculiar to the region in which the
bank is located; and
Alertness and flexibility of management sufficient to
permit of adjustment to changing circumstances.
There is much that supervisory authorities can do, but in the
final analysis responsibility rests squarely upon bank management,
and the continuance of our present banking and credit systems will
depend mainly upon the competence of our bankers.







PART TWO
DEPOSIT INSURANCE AND BANKING DEVELOPMENTS







43

DEPOSIT INSURANCE AND BANKING DEVELOPMENTS

Sum m ary

B a n k in g

of

D

evelopm ents

The margin of protection provided depositors and the Federal
Deposit Insurance Corporation by stockholders' funds in 1936 was
practically the same as in 1935. Deposits increased substantially
during the year. The growth in deposits was accompanied by a
proportionate growth in sound capital. The total capital account
as carried on the banks' books showed a smaller relative growth,
reflecting in part the charging off of bad assets and in part the in­
clusion in sound capital of unrealised appreciation in assets. By the
close of 1936 the banks had largely eliminated the assets made
worthless by the recent depression. Net earnings and profits were
higher than in any other recent year.
The trend toward branch banking continued during 1936. The
total number of commercial banking offices in operation was reduced
slightly, reflecting in part the elimination of weak banks.
C o m m e r c ia l B a n k in g

O f f ic e s

Commercial banking facilities in the United States. On
December 31, 1936, 18,422 commercial banking offices were located
in 11,964 cities, towns, villages and other centers in the United States
(excluding possessions). About one-half of the banking offices were
located in places with only one commercial banking office. Most of
the banking offices in places with more than one banking office were
located in centers with a population of more than 5,000. The figures
are shown in Table 14.

T a b le 14. CENTERS WITH COMMERCIAL BANKING OFFICES AND NUMBER OF
O p e r a t in g

C o m m e r c ia l B

a n k in g

D

O f f ic e s , C o n t in e n t a l U

ecem ber

n it e d

State s,

31, 1936

GROUPED ACCORDING TO POPULATION OF CENTER AND NUMBER OF COMMERCIAL
BANKING OFFICES IN CENTER
Number of centers

Total

Number of banking offices

W ith
1 banking
office

With
2 or more
banking
offices

In centers with—
Total

1 banking
office

2 or more
banking
offices

T o t a l ............................................

11,964

9,087

2,877

18,422

9,087

9,335

C en ters w ith p o p u la tio n
(1930) o f —
Under 1,000............................
1,000 to 2,500.........................
2,500 to 5,000.........................

6,005
2,847
1,308

5,716
2,203
689

289
644
619

6,300
3,530
2,010

5,716
2,203
689

584
1,327
1,321

5,000 to 25,000......................
25,000 to 100,000..................
100 000 and o v e r...................

1,431
280
93

469
10

962
270
93

2,833
1,122
2,627

469
10

2,364
1,112
2,627




44

FEDERAL DEPOSIT INSURANCE CORPORATION

The 93 cities with more than 100,000 population each, had about
2,600 banking offices. While only a small proportion of all banking
offices were in these cities these offices held considerably more than
one-half of the deposits in the commercial banking system.
Numerous places which have had banks at some time during the
past ten or twenty years are now without banks or banking offices.
The extent to which these places are adequately served and the
extent to which they can support additional facilities are matters of
concern to the Corporation. With modern methods of communica­
tion and transportation the need for banking offices in most of these
centers is less than it was two decades ago. There are relatively few
centers with a population of over 2,500 that are without banking
offices. Most of these places are suburbs or satellites of larger cities.
Less than 25 are located more than 10 miles from a city or town with
a banking office.
Types of commercial banking offices in operation. Of the
18,516 commercial banking offices in the United States and posses­
sions, 14,257 were unit banks having one place of business, and 4,259
were offices of 894 banks accepting deposits at more than one place.
Of the 3,365 branches or additional offices 3,306 were located in the
continental United States. Of these 1,634 were located in the same
city as the head office, 677 were located elsewhere in the same county,
988 were located elsewhere in the State, and 7 were located in other
States. The figures are shown in Table 15.
T ab le 15.

NUMBER AND TYPE OF OPERATING COMMERCIAL BANKING
O f f ic e s in t h e U n it e d S t a t e s a n d P o s s e s s io n s ,
D e c e m b e r 31, 1935, a n d D e c e m b e r 31, 1936
Dec. 31,
1936

Dec. 31,
19351

Change
during
year

T o ta l b a n k in g o ffic e s ........................................................................
Unit banks.........................................................................................
Banks operating more than one office............................................

18,516
14,257
894

18,622
14,518
856

-106
-261
+ 38

B ranch es o r a d d ition a l offices— t o t a l .....................................
In possessions.................................................................................
In c o n tin e n ta l U nited S tates— t o t a l ...................................
Located in head office city .......................................................
Located elsewhere in head office cou nty................................
Located elsewhere in State.....................................................
Located in other States.........................................................

3,365
59
3,306
1,634
677
988
7

3,248
58
3,190
1,647
637
899
7

+ 117
+1
+ 116
-13
+40
+ 89

1
Revised since publication of the Annual Report of the Federal Deposit Insurance Corporation for
the year ending December 31, 1935.
N O T E : More detailed figures relating to all commercial banks will be found in Tables 101-04, pages
100-13; and in Table 107, pages 120-21; and relating to insured commercial banks in Tables 108-09,
pages 122-23.

Of the branches located outside the head office city 1,000 or 60
percent were in centers with no other banking office and 672 were in
centers with more than one banking office.
Changes in operating commercial banking offices during

1936. The trend toward branch banking which has been in exist­
ence since the beginning of the century continued during 1936.
The number of unit commercial banks in the United States and pos­



45

COMMERCIAL BANKING OFFICES

sessions was reduced by 261 during the year, while the number of
offices of banks operating more than one office increased by 155.
The proportion of total banking offices operated by branch banking
systems increased during the year from 22 to 23 percent. In 1925
only 11 percent of all banking offices were operated by banks opera­
ting more than one office.
T ab le 16.

ANALYSIS OF CHANGES IN NUMBER OF OFFICES OF

O p e r a t in g C o m m e r c ia l B a n k s in t h e U n it e d S t a t e s
a n d P o s s e s s i o n s D u r i n g 1936
Total
offices
N et ch a n g e d u rin g 1936...................................................................
Banks beginning operations and branches opened1 ....................
Trust company admitted to insurance...........................................
Banks converted into branches.......................................................
B anks ceasing op era tion s and branch es d is c o n t in u e d t o ta l1
Suspensions..................................................................................
Mergers and consolidations, excluding banks converted
into branches..........................................................................
Voluntary liquidations.............................................................
Branches otherwise discontinued.........................................

Banks

Branches

-106

-223

+ 117

+165
+1

+65
+ 1
-73

+100

-272
43

-216
43

-56

110
65
54

108
65

+ 73

2
54

Excluding banks succeeding, or succeeded b y, other banks or branches.
N O T E : More detailed figures will be found in Table 102, pages 102-04.

The total number of commercial banks in operation was reduced
by 223 during 1936. Excluding successions, 289 banks ceased opera­
tions or were converted into branches, while 65 new banks began
operations, and 1 trust company doing only a trust business was
admitted to insurance and thereby included in the tabulation of the
number of operating insured commercial banks at the close of the
year. Of the banks ceasing operations 43 suspended operations (ex­
cluding one suspended bank immediately succeeded by a new bank),
181 were eliminated through mergers, consolidations or conversions
into branches, and 65 went into voluntary liquidation. An analysis
of changes in the number of operating commercial banks and banking
offices in the United States and possessions is presented in Table 16.

P a r t ic ip a t io n

in

D

e p o s it

Insurance

Number of operating insured and noninsured commercial
banks and banking offices. On December 31, 1936, the Federal

Deposit Insurance Corporation insured deposits in 13,973 commercial
banks operating 17,234 offices. The number of insured banks in
operation was reduced by 153, or 1 percent, during the year. This
reduction reflected chiefly mergers and the conversion of unit banks
into branches of banks operating more than one office. The total
number of banking offices of insured commercial banks showed little
reduction during the year. The figures are shown in Table 17.



46

FEDERAL DEPOSIT INSURANCE CORPORATION

Notwithstanding the reduction in number, the proportion of opera­
ting commercial banks insured by the Corporation increased from
91.9 percent at the beginning of the year to 92.2 percent at its close.
The number of noninsured commercial banks in operation was
reduced by 5.6 percent during the year, to 1,178 on December 31.
T ab le 17. N u m b e r OF OPERATING INSURED AND NONINSURED COMMERCIAL
B a n k in g O f f ic e s in t h e U n it e d S t a t e s a n d P o s s e s s io n s ,
D e c e m b e r 31, 1935, a n d D e c e m b e r 31, 1936
Dec. 31,
1936

Dec. 31,
19351

Change
during
year

N u m b er o f b a n k in g o ffic e s .............................................................
Insured.................................................................................................
Noninsured...........................................................................................

18,516
17,234
1,282

18,622
17,265
1,357

-106
-31
-75

N u m b er o f b a n k s .................................................................................
Insured.................................................................................................
Noninsured...........................................................................................

15,151
13,973
1,178

15,374
14,126
1,248

-223
-153
-70

R evised since publication of the Annual Report of the Federal Deposit Insurance Corporation for
the year ending December 31, 1935.
N O T E : More detailed figures will be found in Table 101, pages 100-01.

Deposits of operating insured and noninsured commercial
banks. On December 31, 1936, deposits of all commercial banks

amounted to $50.8 billion, of which $49.2 billion, or 97 percent, were
in insured banks and $1.6 billion, or 3 percent, were in noninsured
banks. Deposits were $5.2 billion, or 11.4 percent, larger at the
close than at the beginning of the year. Nearly all of the increase
in deposits during the year was in insured banks. Deposits of non­
insured banks increased by 6.5 percent. More detailed data regarding
the number and deposits of banks are given in Tables 101-13, pages
100-33, and consolidated statements of condition of all insured and
noninsured commercial banks are presented in Table 114, page 134.

T ab le 18.

CHANGES DURING 1936 IN DEPOSITS OF OPERATING INSURED
C o m m e r c ia l B a n k s
(Amounts in thousands of dollars)
Amount
D ec. 31,
1936

T o t a l ..........................................................................
Demand deposits of individuals, partnernerships, and corporations............................
Time deposits of individuals, partnerships,
and corporations.............................................
D eposits of States and their political sub­
divisions ............................................................
United States Government and postal
savings deposits...............................................
Deposits of other banks; cash letters of credit,
certified, officers’ and travelers’ checks
outstanding......................................................

D ec. 31,
1935

Amount

Percent

49,257,984

44,125,621

+5,132,363

+ 11.6

23,419,236

20,074,063

+3,345,173

+ 16 .7

13,454,142

12,495,559

+958,583

+ 7 .7

3,263,286

3,079,425

+183,861

+ 6 .0

1,086,301

1,161,236

-74,935

-6 .5

8,035,019

7,315,338

+719,681

+ 9 .8

N O T E : More detailed figures will be found in Table 116, pages 136-38.




Change during year

47

PARTICIPATION IN DEPOSIT INSURANCE

Deposits of insured commercial banks increased by 11.6 percent
during 1936. The growth was distributed in about the same way in
1936 as in 1935 among the various types of deposits and the various
parts of the country. The greater portion of the growth occurred in
demand deposits of individuals, partnerships, and corporations.
Their time deposits and deposits of other banks also contributed to
the increase in total deposits. Deposits increased in all of the States,
the rate of increase being largest in the East North Central States
and least in the New England States. Figures for the country as a
whole are shown in Table 18.
Admissions to and terminations of insurance. The total
number of banks admitted to insurance during 1936 was 135. Of
these, 36 were new banks, 46 were previously operating noninsured
banks, 52 were banks which succeeded other insured banks or which
withdrew from the Federal Reserve System, and 1 was a trust com­
pany not receiving regular demand and time deposits.
Table 19.

ADMISSIONS TO AND TERMINATIONS OF INSURANCE DURING 1936
N ot
Offset
offset
by
by
terminations terminations

Total

T o ta l n u m b e r o f a d m is s io n s ..........................................................

135

83

36
46
1
46
6

36
46
1

New banks........................................ ...................................................
Operating banks admitted to insurance.........................................
Trust company not engaged in banking admitted to insurance. .
Successors to insured banks.............................................................
Banks withdrawing from Federal Reserve System.......................

52

46
6
N ot
offset
by
admissions

Total

Offset
by
admissions

T o ta l n u m b er o f te r m in a tio n s ........................................................

288

236

52

B anks ceasing op era tion s— t o ta l.................................................
Suspensions.......................................................................................
Insolvent banks merged with aid of loans by the Federal
Deposit Insurance Corporation...............................................
Other mergers, absorptions and consolidations..........................
Other liquidations...........................................................................
Banks succeeded by other banks..................................................

281
41

235
40

46
1

27
142
31
40

22
139
31
3

5
3
37

7

1

6

Withdrawals from Federal Reserve System ..................................

N O TE : More detailed figures will be found in Table 102, pages 102-04.

The total number of terminations of insurance, including with­
drawals from Federal Reserve membership and banks succeeded by
other banks, was 288. Of these, 68 were suspensions or mergers of
insolvent banks, 173 were mergers of other banks, consolidations and
liquidations, and 47 were banks which were succeeded by other banks
or which withdrew from the Federal Reserve System. A classification
of these admissions and terminations is given in Table 19.



48
A

FEDERAL DEPOSIT INSURANCE CORPORATION

ssets a n d

L ia b il it ie s

of

O p e r a t in g I n s u r e d C o m m e r c ia l B a n k s

Assets and liabilities at the beginning and close of the year.

On December 31, 1936, total assets of operating insured commercial
banks amounted to $56.2 billion. These assets were distributed as
follows:
Cash and due from banks
Obligations of the United States Government
Other securities
Loans and discounts
Miscellaneous assets

28 per cent
26
”
14
”
28
”
4
”

During 1936 total assets of insured commercial banks increased
by $5.3 billion or 10 percent. Cash and amounts due from other
banks increased by 14 percent, holdings of United States Government
securities by 11 percent, other securities by nearly 11 percent, and
loans by 8 percent.

Table 20.

CHANGES DURING 1936 IN ASSETS AND LIABILITIES OF OPERATING
I n s u r e d C o m m e r c ia l B a n k s
(Amounts in millions of dollars)
Amount
D ec. 31,
1936

Change during year

D ec. 31,
1935

Amount

Percent

ASSETS
Cash and due from banks.....................................
Obligations of the United States Government
Other securities.......................................................
Loans and discounts...............................................
Miscellaneous assets...............................................
T o ta l a s s e ts ...................................................

15,731
14,749
7,558
15,940
2,218
56,196

13,851
13,275
6,841
14,698
2,253
50,918

+ 1,880
+ 1,474
+ 717
+ 1,242
— 35
+ 5,2 78

+ 13 .6
+ 11 .1
+ 10 .5
+ 8 .4
-r-1.5
+ 10.4

49,258
609
6,329
56,196

44,126
582
6,210
50,918

+ 5,132
+27
+119
+5,278

+ 11 .6
+ 4 .6
+ 1 .9
+ 1 0 .4

L IA B IL IT IE S A N D C A P IT A L
Total deposits..........................................................
Miscellaneous liabilities.........................................
Total capital accou nt.............................................
T o ta l lia b ilities a n d ca p ita l a c c o u n t ..

N O T E : More detailed figures will be found in Table 116, pages 136-38.

Deposits increased by $5.1 billion during 1936. This growth was
accompanied by a smaller proportionate growth in total capital
account. Deposits increased by 12 percent while total capital
account increased by only 2 percent. The ratio of total capital
account to total assets was reduced from 12.2 percent on December
31, 1935, to 11.3 percent on December 31, 1936.
Changes during 1936 in assets and liabilities of operating insured
commercial banks are shown in Table 20.
Factors in growth of deposits and assets. As in 1935, the
growth of deposits in 1936 reflected chiefly Treasury purchases of
gold and silver and sale of United States Government obligations to



49

ASSETS AND LIABILITIES OF OPERATING BANKS

the banks. The magnitude of these operations, however, and their
influence on the growth of deposits was considerably less in 1936 than
in 1935. On the other hand, loans and holdings of securities other
than United States Government obligations, which had increased by
only $0.6 billion in 1935, increased by $2 billion during 1936. Inter­
bank obligations and float (checks in process of collection) increased
by $1 billion in 1936. The figures are summarized in Table 21. The
table shows figures for all commercial banks. Practically all of the
changes, however, occurred in the insured commercial banks.
T able 21.

M ajo r FACTORS IN THE GROWTH OF DEPOSITS AND ASSETS
o f C o m m e r c ia l B a n k s , 1935 a n d 1936
(Amounts in billions of dollars)
1936

1935

F a ctors te n d in g to in crea se d ep o sits a n d assets— t o t a l ...................................

6.2

6.7

Increase in monetary gold and silver stocks1 .....................................................
N et purchase of obligations of the U. S. Governm ent...........................................
N et increases in loans and holdings of securities other than U. S. Government
obligations......................................................................................................................
Increase in domestic interbank deposits...................................................................
Increase in float................................................................................................................
...............................................................
Reduction in Treasury cash balances

1.3
1.4

2.2
2
2.4

2.0
0.7
0.3
0.5

0.6
1.1
0.4

F a ctors te n d in g to d ecrease d ep osits a n d assets— t o t a l ..................................

0.9

1.1

Withdrawal of cash b y the public...............................................................................
National bank notes retired...........................................................................................
Other factors— net influence.........................................................................................

0.6
0.2
0.1

0.3
0.4
0.4

F a ctors te n d in g to re d u c e d ep osits b u t n o t a ssets:
Increase in total capital account..................................................................................

0.1

0.1

N et g r o w th in to ta l d e p o s its ...............................................................................

5.2

5.5

5.3

4.9

F a ctors te n d in g to re d u c e assets b u t n o t d e p o sits:
0.7

Retirement of bonds pledged to secure national bank notes................................
N et g r o w th in to ta l a ss e ts ................................................................................

lDoes not include gold purchased by the U. S. Government and held in its “ inactive account” .
2
Excluding retirement of bonds pledged by banks to secure national bank notes.

A

p p r a is a l
not

of

M

A

ssets

em bers

of
of

O p e r a t in g I n s u r e d C o m m e r c ia l B a n k s
T

he

F ederal R

eserve

System

Insured commercial banks not members of the Federal Reserve
System hold approximately 23 percent of the deposits insured by the
Federal Deposit Insurance Corporation and approximately 13 percent
of the assets of all insured commercial banks. For these banks,
which are examined by the Corporation, data regarding the examiners'
appraisal of their assets have been compiled. Such data have not
been compiled for banks which are members of the Federal Reserve
System.
Worthless and doubtful assets. The assets of insured commer­
cial banks not members of the Federal Reserve System estimated by
examiners to be worthless or of doubtful worth amounted to 2.7



50

FEDERAL DEPOSIT INSURANCE CORPORATION

percent of total assets at the time of examination in 1936. In 1935
such assets amounted to 4.7 percent, and in 1934 to 6.7 percent of
total assets. The figures are summarized in Table 22.
T ab le 22.

W ORTH LESS AND D O U B TFU L ASSETS AS OF D A T E OF E XA M IN ATIO N

1933— 1936
o p e r a t in g

in s u r e d

n o t m e m b e r s OF THE FEDERAL
SYSTEM GROUPED BY AMOUNT OF DEPOSITS

c o m m e r c ia l b a n k s

reserve

Percent of assets estimated to be worthless
or of doubtful worth in—
1936

1935

1934

1933

A ll b a n k s .................................................................

2.7

4.7

6.7

10.5

B an ks w ith d ep osits o f—
$100,000 and under............................................
$100,000 to $250,000.........................................
$250,000 to $500,000.........................................

4.3
2.2
1.8

5.1
3.2
3.0

6.2
4.7
5.2

9.3
8.5
8.7

$500,000 to $1,000,000......................................
$1,000,000 to $2,000,000..................................
$2,000,000 to $5,000,000..................................

2.0
2.6
3.0

3.4
4.6
5.4

5.9
6.5
7.6

10.9
11.5
11.2

$5,000,000 to $50,000,000................................
Over $50,000,000................................................

3.5
2.5

6.2
5.3

7.9
8.1

11.2
9.5

N O T E : More detailed figures will be found in Tables 124-25, pages 156-61.

The reduction during 1936 in the proportion of assets judged to
be worthless or of doubtful worth reflected write-offs of some assets
and increases in the volume and appraised value of other assets.
Holdings of worthless and doubtful assets were reduced between the
1935 and the 1936 examinations to a greater extent proportionately
in the large than in the small banks. In 1936 large banks held about
the same proportions of worthless and doubtful assets as did small
banks.
T able 23.

SUBSTANDARD ASSETS AS OF D A T E OF EXAM IN ATION IN 1936

OPERATING INSURED COMMERCIAL BANKS NOT MEMBERS OF THE FEDERAL RESERVE
SYSTEM GROUPED BY AMOUNT OF DEPOSITS
Percent of assets other than
U. S. Government obligations
classified as substandard
Loans

Securities

Other
assets

All b a n k s ................................................................................................

21.0

24.6

13.1

B anks w ith d ep osits o f —
$100,000 and under............................................................................
$100,000 to $250,000..........................................................................
$250,000 to $500,000..........................................................................

22.3
19.8
18.7

42.6
23.5
28.3

8.6
7.0
7.4

$500,000 to $1,000,000.......................................................................
$1,000,000 to $2,000,000....................................................................
$2,000,000 to $5,000,000...................................................................

20.4
21.3
22.8

22.6
19.0
25.7

9.8
11.8
15.8

$5,000,000 to $10,000,000.................................................................
$10,000,000 to $50,000,000...............................................................
Over $50,000,000.................................................................................

20.4
23.5
19.0

33.1
28.5
14.3

20.1
19.4
15.1

NOTE:JFigures relating to loans and to other assets will be found iniTables 123-24, pages 152-59.




CAPITAL OF OPERATING INSURED COMMERCIAL BANKS

51

Substandard assets.1 Holdings of substandard securities by
operating insured commercial banks not members of the Federal
Reserve System were reduced during 1936. About 25 percent of
the securities held by these banks, other than obligations of the
United States Government, were substandard in 1936 compared with
32 percent in 1935. During 1936 banks with deposits of less than
$500,000 increased their holdings, while the larger banks, particularly
those in important financial centers, reduced their holdings of sub­
standard securities. Holdings of substandard loans amounted to
21 percent of total loans in 1936 as compared with over 25 percent
in 1935.

Table 23 shows for banks grouped by amount of deposits the
proportions of the different types of assets classified as substandard
in 1936.

C a p it a l

of

O p e r a t in g I n s u r e d

C o m m e r c ia l B a n k s

Total capital account of operating insured commercial
banks. On December 31, 1936, insured commercial banks reported

a total capital account of $6.3 billion, an increase for the year of
$100 million or 2 percent. The increase reflected chiefly the addition
to capital account of $300 million of net profits after payment of
dividends, and a reduction of $224 million in capital supplied by the
Reconstruction Finance Corporation. Changes during the year are
summarized in Table 24.
Table 24.

A N A LY SIS OF CHANGES IN T O T A L C APIT A L ACCOUNT OF
O p e r a t i n g I n s u r e d C o m m e r c i a l B a n k s D u r i n g 1936
(Amounts in millions of dollars)

T o ta l c a p ita l a c c o u n t , D e c e m b e r 31, 1 936...............................................................................

6,329

T o t a l ca p ita l a c c o u n t , D e c e m b e r 31, 1935 ..............................................................................

6,210

N et ch a n g e d u rin g y e a r ..................................................................................................................

+ 11 9

Net profits after dividends..........................................................................................................
Capital supplied by Reconstruction Finance Corporation...................................................
Other contributions, retirements, and changes due to admission to or withdrawal
from insurance............................................................................................................................

+300
-224
+43

At the close of 1936 total capital account of insured commercial
banks was equal to 11.3 percent of total assets. This compares with
total capital amounting to 12.2 percent of total assets at the close of
1935, and of 13.2 percent of total assets at the close of 1934.
There is considerable variation among the banks in the ratio of
their total capital accounts to total assets and to deposits. Among
1 Substandard assets are those which are not appraised as worthless but are considered by examiners to
be hazardous and therefore undesirable for banks to hold. They include the appraised values of bonds below
the fourth high rating by a recognized service, or its equivalent, of stocks, of defaulted securities, of other
bonds not rated but considered by examiners to be hazardous, of hazardous loans, of banking house, furniture,
and fixtures, and of other real estate.




52

FEDERAL DEPOSIT INSURANCE CORPORATION

the insured commercial banks not members of the Federal Reserve
System for which the Corporation has detailed information the ratio
of total capital account to total deposits and to total assets tends to
be higher in the small banks than in the large banks. This tendency
appears to be present also in the banks members of the Federal
Reserve System. Most of the large insured banks are members of
the Federal Reserve System and the percent of deposits in banks with
low capital ratios is greater for national and State banks members of
the Federal Reserve System than for insured banks not members of
the Federal Reserve System. Figures for all insured commercial
banks as of December 31, 1935, are shown in Table 25. The table
shows that 9 percent of all insured commercial banks reported total
capital accounts equal to less than 10 percent of total deposits, but
that these banks held more than 25 percent of the deposits of all
insured commercial banks. Approximately 39 percent of the banks
reported total capital accounts equal to 20 percent or more of total
deposits, but these banks held only 11 percent of the deposits of all
insured commercial banks.
T ab le 25. PERCENTAGE DISTRIBUTION OF NUMBER AND DEPOSITS OF
O p e r a t in g I n s u r e d C o m m e r c ia l B a n k s A cc or d in g to
R a t io of T o t a l C a p it a l A c c o u n t to T o ta l
D e p o s it s , D e c e m b e r 31, 1935
Number
of
banks

Deposits

100%

100%

B an k s w ith ra tio o f to ta l ca p ita l
a c c o u n t to t o ta l d ep o sits o f —
Less than 5 percent..............................................................................................
6 to 10 percent.......................................................................................................
10 to 15 percent.....................................................................................................

O
9
28

8

15 to 20 percent.....................................................................................................
20 percent or m ore...............................................................................................

24
39

20
11

A ll b a n k s ....................................................................................................................

44

10.1 percent.
30.4 percent.
N O TE : Based upon figures taken from condition reports submitted as of December 31, 1935.
More detailed figures relating to capital accounts of insured commercial banks not members of the Federal
Reserve System will be found in Tables 26-8, pages 53-55; Table 122, pages 150-51; and Table 142, pages
188-89.

Sound capital of operating insured commercial banks not
members of the Federal Reserve System, The sound capital of

a bank gives a truer picture of the margin of protection afforded
depositors and the Federal Deposit Insurance Corporation than does
the total capital account. Sound capital is obtained by deducting
from total capital account the book value of assets appraised by
examiners as worthless or of doubtful worth and adding the deter­
minable sound banking value of assets not shown on the books of the
banks. Data regarding sound capital have been compiled only for
those banks which are examined by the Federal Deposit Insurance
Corporation.
At the time of examinations in 1936 the sound capital of 7,555
operating insured commercial banks not members of the Federal



53

CAPITAL OF OPERATING INSURED COMMERCIAL BANKS

Reserve System amounted to $984 million, or 91 percent of total
capital account. The corresponding figure at time of examinations
in 1935 was 77 percent; at the time of examinations in 1934, 67
percent; and at the time of examinations for admission to insurance
in 1933 and early 1934, 45 percent.
The change during 1936 reflected chiefly the increases in appraised
values of assets. The improvement since the beginning of deposit
insurance reflected in part recovery in values and in part the re­
habilitation program described in the Annual Report of the Federal
Deposit Insurance Corporation for the year ending December SI, 193U
At the time of examinations in 1936 the sound capital of insured
commercial banks not members of the Federal Reserve System
amounted to 14.4 percent of the appraised value of assets and to 17.1
percent of deposits. Both these figures were slightly larger than the
corresponding figures at the time of examinations in 1935. Small
banks tend to have higher ratios of sound capital to appraised value
of assets and to deposits than do large banks.
These ratios and also the ratios of sound capital to total capital
account at the time of examinations in 1933,1934,1935 and 1936, and
for banks grouped by amount of deposits in 1936, are shown in
Table 26.
Tab le 26.
to

D

R A T IO OF SOUND C APITA L TO APPRA ISED V A L U E OF ASSETS,
e p o s it s , a n d t o
of

E

T

otal

C a p it a l A

x a m in a t io n

ccou nt, as of

D

ate

, 1933-1936

OPERATING INSURED COMMERCIAL BANKS NOT MEMBERS OF THE
FEDERAL RESERVE SYSTEM
Ratio, in percent, of sound capital to—
Appraised
value of
assets

Deposits

Total
capital
account

A ll ban k s as o f d a te o f e xa m in a tion in —
45.1
67.2
76.5

1933.......................................................................................................
1934.......................................................................................................
1935.......................................................................................................
1936:
A ll b a n k s .........................................................................................
B anks w ith d ep osits o f—
$100,000 and under.........................................................................
$100,000 to $250,000......................................................................
$250,000 to $500,000......................................................................

14.4

17.1

90.9

23.8
17.3
14.5

31.6
21.2
17.1

85.8
92.7
95.2

$500,000 to $1,000,000...................................................................
$1,000,000 to $2,000,000.............................................................
$2,000,000 to $5,000,000...............................................................

14.1
14.0
14.1

16.6
16.6
16.6

94.5
90.6
89.3

$5,000,000 to $10,000,000.............................................................
$10,000,000 to $50,000,000...........................................................
Over $50,000,000.............................................................................

14.2
14.1
12.6

17.3
16.9
14.6

87.5
86.2
97.1

9.6
13.5
14.0

11.2
15.8
16.6

N O T E : More detailed figures will be found in Table 122, pages 150-51.

The improvement in the sound capital position of operating insured
commercial banks not members of the Federal Reserve System is also



54

FEDERAL DEPOSIT INSURANCE CORPORATION

revealed by Table 27. The Table shows for successive examinations
the distribution of banks according to the ratio of sound capital to
total deposits. The proportion of banks without sound capital was
much smaller at the time of examinations in 1936 than at the previous
examinations. The proportion of banks with a ratio of sound capital
to deposits of less than 10 percent was lower and the proportion with
a ratio of 10 percent or more was higher in 1936 than in the earlier
years.
T ab le 27.
to

R

PERCENTAGE DISTRIBUTION OF NUMBER OF BANKS ACCORDING

a t io o f

S o u n d C a p it a l

to

D

e p o s it s a s o f

D

ate of

E

x a m in a t io n

,

1933— 1936
OPERATING INSURED COMMERCIAL BANKS NOT MEMBERS OF THE
FEDERAL RESERVE SYSTEM
1936
A ll b a n k s .................................................................
B an ks w ith o u t s o u n d c a p it a l ....................

1935

1934

1933

100.0%

100.0%

100.0%

100.0%

.3

.5

.6

10.0

.9
10.0
88.8

1.6
10.9
87.0

1.9
10.5
87.0

9.6
14.9
65.5

B an k s w ith r a tio o f s o u n d c a p ita l to
d e p o sits o f —
0 to 5 percent..............................................
5 to 10 percent............................................
10 percent or m ore.....................................

In 1936 nearly nine-tenths of the banks had a sound capital equal
to 10 percent or more of deposits. About one-fifth of the banks had
a sound capital equal to 25 percent or more of deposits. These banks
were generally small banks, however, and held only 13 percent of
the deposits of all insured commercial banks not members of the
Federal Reserve System. The banks with sound capital equal to
less than 10 percent of deposits, comprising 11 percent of all the
banks, held about 17 percent of the deposits. The figures are shown
in Table 28.
Capital supplied by the Reconstruction Finance Corpora­
tion. During 1936 the amount of capital obligations of insured

commercial banks held by the Reconstruction Finance Corporation
decreased by $224 million, or 26 percent. At the end of the year
the bank capital supplied to insured commercial banks by that
Corporation was 10 percent of the total capital account of all insured
commercial banks, as compared with 14 percent at the end of 1935.
Approximately one-fifth of the total par value of capital stock, notes,
and debentures of insured commercial banks on December 31, 1936,
was held by the Reconstruction Finance Corporation.
At the close of 1936 the Reconstruction Finance Corporation held
capital obligations of about two-fifths of the insured commercial
banks not members of the Federal Reserve System, and of about
one-third of those which were members of the Federal Reserve
System.
Figures showing by States holdings of the capital obligations of



EARNINGS OF OPERATING INSURED COMMERCIAL BANKS

55

insured commercial banks by the Reconstruction Finance Corporation
are given in Tables 126 and 127, pages 162 and 163.
T ab le 28.

PERCENTAG E D IS TR IB U TIO N OF N U M B E R AND D E P O SIT S OF B A N K S

A c c o r d in g t o R a t io of S o u n d C a p it a l to D e p o s it s
a s of D a t e o f E x a m in a t io n in 1936
OPERATING INSURED COMMERCIAL BANKS NOT MEMBERS OF THE
FEDERAL RESERVE SYSTEM
Number
of
banks
A ll b a n k s ....................................................................................................................

Deposits

100.0%

100.0%

.3

.3

0 to 5 percent.................................................................................................
5 to 10 percent..............................................................................................
10 to 15 percent............................................................................................

.9
10.0
27.5

1.2
15.5
35.7

15 to 20 percent............................................................................................
20 to 25 percent............................................................................................
25 percent or m o re .......................................................................................

23.5
15.7
22.1

22.2
12.2
12.9

B an k s w it h o u t s o u n d c a p i t a l .......................................................................
B an k s w ith ra tio o f s o u n d ca p ita l to
d ep o sits o f —

N O T E . The percentages in this table relate only to insured banks not members of the Federal
Reserve System. Inclusion of figures for national and State banks members of the Federal Reserve
System would increase the proportion of deposits in banks with capital ratios of less than 10 percent
and reduce the proportion of deposits in banks with high capital ratios, due in considerable part to
inclusion of large banks with low capital ratios. See also Table 25.

E a r n in g s

of

O p e r a t in g

Insured

C o m m e r c ia l B a n k s

Reports of earnings, expenses, and disposition of profits of all
national banks and of all State banks in the District of Columbia are
submitted by these banks to the Comptroller of the Currency. Re­
ports of State banks members of the Federal Reserve System are
submitted to the Federal Reserve banks and the Board of Governors
of the Federal Reserve System. Reports of insured banks not mem­
bers of the Federal Reserve System, other than insured national banks
in the possessions and banks in the District of Columbia, are submit­
ted to the Federal Deposit Insurance Corporation.
Current operating earnings. Gross earnings from current
operations of all insured commercial banks during 1936 amounted to
$1,564 million, an increase of $81 million, or 5 percent, over 1935.
The percentage increase in earnings was approximately one-half that
in earning assets. Current operating expenses, amounting to $1,083
million in 1936, were 4 percent larger than in the previous year.
Net current operating earnings in 1936 amounted to $481 million.
This is an increase of 9 percent over 1935. Net current operating
earnings in 1936 were equivalent to $0.90 for each $100 of total
assets, as compared with $0.92 in 1935. Net current operating
earnings were equivalent to 7 2/3 percent on total capital account,
which is also slightly higher than in 1935.
Table 29 shows earnings, expenses, and disposition of profits of
all insured commercial banks in 1934, 1935 and 1936. Table 30
shows for 1936 earnings, expenses, and disposition of profits of these



56

FEDERAL DEPOSIT INSURANCE CORPORATION

banks in amounts and in relation to their assets and total capital
account.
T ab le 29.

E ARN IN G S, E x p e n s e s , AND DISPOSITION OF PROFITS OF
O p e r a t i n g I n s u r e d C o m m e r c i a l B a n k s , 1934, 1935 a n d 1936
(Amounts in millions of dollars)
1935

1936

1934

Gross current operating earnings..........................................................
Total current operating expenses.........................................................

1,564
1,083

1,483
1,041

N et cu rren t op era tin g e a rn in g s ..............................................

481

442

448

Profits on assets sold, recoveries, etc..................................................
Losses, charge-offs, etc...........................................................................

584
540

432
667

292
1,079
>-339

N et p rofits1 ...................................................................................

523

207

Cash dividends declared and interest paid on capital......................

223

207

N et p rofits a fte r d iv id en d s......................................................

1,515
1,067

300

188
*-527

1
After income taxes, which are included under total current operating expenses except for banks not
members of the Federal Reserve System in 1936. Income taxes of $‘2,442,000 were paid by these banks.
a
Net loss
N O T E : More detailed figures will be found in Table 128, page 164.

Net profits. Net profits in 1936, after allowing for losses and
depreciation written off, recoveries on assets previously written off.
and profits on securities sold, amounted to $523 million—equivalent
to 8 1/3 percent on total capital account—or more than net current
operating earnings. Net profits were more than two and one-half
times as large in 1936 as in 1935, when they amounted to $207 million,
This increase in net profits was due to substantially smaller loss and
depreciation charges on assets in 1936 as compared with 1935, and
substantially larger profits on securities sold and recoveries from
assets previously charged off.

T ab le 30.
T

h e ir

EARN IN G S, E XPE N SE S, AND DISPOSITION OF PROFITS, AND
R e l a t io n t o T o t a l A ss e t s a n d to T o t a l C a p it a l
A c c o u n t o f O p e r a t in g I n s u r e d C o m m e r c ia l
B a n k s , 1936

Amounts
in millions
of
dollars

Amounts per $100 of—
Total
assets1

Total
capital
account1

1,564
1,083

$2.92
2.02

$24.94
17.27

481

$0.90

$ 7.67

584
540

1.09
1.01

9.32
8.61

N et p rofits2.................................................................................

523

$0.98

$ 8.34

Cash dividends declared and interest paid on capital........................

223

.42

3.55

300

$0.56

$ 4.79

Gross current operating earnings..........................................................
Total current operating expenses..........................................................
N et cu rren t op era tin g e a rn in g s .........................................
Profits on assets sold, recoveries, etc....................................................
Losses, charge-offs, etc...........................................................................

N et profits a fter d ivid en d s....................................................

Averages of call date figures.
5
After income taxes, which are included under total current operating expenses except for banks not
members of the Federal Reserve System. Income taxes of $2,442,000 were paid by these banks.
N O T E : More detailed figures will be found in Tables 128-29, pages 164-65.




EARNINGS OF OPERATING INSURED COMMERCIAL BANKS

57

Approximately 43 percent of the net profits, or $223 million, were
paid out in cash dividends and in interest on capital notes and deben­
tures. Interest paid and dividends declared were equivalent to 3 ^
percent of total capital account, and to 7 percent of the par value of
capital stock, notes, and debentures, slightly higher rates than in 1935.
The balance of the net profits, amounting to $300 million, was
retained by the banks. In 1935 total cash dividends declared and
interest paid on capital notes and debentures were equal to net profits.
Net current operating earnings of insured commercial banks
not members of the Federal Reserve System. Detailed figures

regarding earnings, expenses, and disposition of profits of insured
commercial banks not members of the Federal Reserve System group­
ed according to rate of net earnings, rate of net profits, size of
bank, population of center in which located, and according to
number of commercial banking offices in center, are presented in
Tables 131-42, pages 168-89.
T ab le 31. DISTRIBUTION OF NUMBER AND DEPOSITS OF BANKS
A cc or d in g to A m o u n t of N e t E a r n in g s or D e f ic it s
P e r $100 of T o ta l A s s e t s , 1936
in s u r e d c o m m er c ia l b a n k s n ot m e m b e r s of t h e f e d e r a l r e s e r v e s y s t e m
o p e r a t in g t h r o u g h o u t e n t ir e y e a r

Deposits
(In millions of dollars)

Number of banks
Number

Percent

Amount

Percent

A l l b a n k s .................................................................

7,460

100.0

5,694

100.0

B a n k s w ith n e t d eficits o f— 1
Over $0.50............................................................
$0.50 or less.........................................................

41
166

.5
2.2

13
87

.2
1.5

B an k s w ith n e t ea rn in g s o f — 1
$0.50 or le s s ...............................................................
$0.51 to $1.00......................................................
$1.01 to $1.50......................................................

893
1,865
2,146

12.0
25.0
28.8

707
1,601
1,969

12.4
28.1
34.6

$1.51
$2.01
$2.51
$3.01

1,293
596
250
210

17.3
8.0
3.4
2.8

807
329
120
61

14.2
5.8
2.1
1.1

to $2.00......................................................
to $2.50......................................................
to $3.00......................................................
and o v e r .....................................................

2
Net deficits or net earnings per $100 of monthly average total assets.
N O TE : More detailed figures will be found in Tables 138-40, pages 182-86, and Table 142, pages
188-89.

Of the 7,460 insured commercial banks not members of the Federal
Reserve System which reported to the Federal Deposit Insurance
Corporation and operated throughout the year, 207, or 3 percent,
showed net current operating deficits before allowing for profits on
assets sold, recoveries, and depreciation and charge-offs. This was
a much smaller number than reported operating deficits in 1935.
The banks which showed net deficits held less than 2 percent of the
deposits of insured commercial banks not members of the Federal
Reserve System. Approximately 37 percent of the banks showed net
current operating earnings of not more than one dollar for each $100
of total assets; 46 percent showed net earnings of from $1.01 to $2.00
and 14 percent showed net earnings of more than $2.00 for each
$100 of total assets. The figures are shown in Table 31.



58

FEDERAL DEPOSIT INSURANCE CORPORATION

On the average the small banks reported higher net earnings on
each $100 of total assets than did the large banks. However, the
small banks showed greater variability than did the large banks in
the rate of net current operating earnings.
Net profits of insured commercial banks not members of
the Federal Reserve System. Of the 7,460 insured commercial

banks not members of the Federal Reserve System whose reports
were analyzed in detail, 1,046, or 14 percent, reported net losses, and
6,414, or 86 percent, reported net profits after recoveries, charge-offs
and taxes. Table 32 shows the distribution of the banks according
to the amount of net profits or losses on each $100 of total assets.
T ab le 32. DISTRIBUTION OF BANKS ACCORDING TO AMOUNT OF NET
P r o f it s or L o sses P e r $100 of T o t a l A ss e t s , 1936
INSURED COMMERCIAL BANKS NOT MEMBERS OF THE FEDERAL RESERVE SYSTEM
OPERATING THROUGHOUT ENTIRE YEAR
Number
of
banks

Percent

A ll b a n k s ....................................................................................................................

7,460

100.0

B an k s w ith n e t losses o f — 1
Over $3.00...............................................................................................................
$3.00 to $2.01.........................................................................................................
$2.00 to $ 1.01........................................................................................................
$1.00 or less............................................................................................................

114
77
169
686

1.5
1.0
2.3
9.2

B an k s w ith n e t p rofits o f — 1
$1.00 or less............................................................................................................
$1.01 to $2.0 0 ........................................................................................................
$2.01 and o v e r.......................................................................................................

3,044
2,343
1,027

40.8
31.4
13.8

*Net losses or net profits per $100 of m onthly average total assets.
N O T E : More detailed figures will be found in Tables 141-42, pages 187-89.

In general the banks with high rates of net current operating
earnings showed high rates of net profits after recoveries and chargeoffs and banks with low rates of net earnings or with net current
operating deficits showed low rates of net profits or showed net
losses. However, of the 7,253 banks showing net current operat­
ing earnings, 936, or 13 percent, showed net losses after recoveries
and charge-offs. Of the 207 banks showing net current operating
deficits 97, or 47 percent, showed net profits after recoveries and
charge-offs, and 110, or 53 percent, showed net losses. The figures
are presented in Table 33. Approximately 3,500 of the banks
reported net profits that were smaller than net current operating
earnings. The smaller net profits reflected the fact that the amount
of worthless assets charged off was greater than the amount of re­
coveries on assets previously charged off and profits on other
assets, chiefly securities, sold. Approximately 2,000 banks reported
net profits that were greater than net current operating earnings
and approximately 2,000 banks reported net profits that were about
the same as net current operating earnings.
In considering the figures of earnings, expenses, and disposition of
profits of banks for a single year, or a few years, the figures of net



59

EARNINGS OF OPERATING INSURED COMMERCIAL BANKS

current operating earnings are more significant than those of net
profits, because they indicate the extent to which a bank is able to
earn enough to cover its expenses. Net profits, on the other hand,
may reflect numerous conflicting factors in any one year. In one
bank net losses may reflect a conservative policy of charging off all
losses promptly and of refraining from trading in securities for the
purpose of obtaining a profit in the market. In another bank net
profits may reflect the failure to charge off losses and the realization
of market profits from trading in securities. A number of banks
obtained substantial profits in 1936 through trading in securities.
T ab le 33.

DISTRIBUTION OF N u m b e r OF BANKS ACCORDING TO RATE OF NET
E a r n in g s a n d P r o f it s , 1936

INSURED COMMERCIAL BANKS NOT MEMBERS OF THE FEDERAL RESERVE SYSTEM
OPERATING THROUGHOUT ENTIRE YEAR
Banks with net earnings of—_i
All
banks

Banks with
net
deficits

$1.00
or
less

$1.01
to
2.00

$3.01
and
over

$2.01
to
3.00

A ll b a n k s .......... .........................

7,460

207

2,758

3,439

846

210

B an ks w ith n e t losses
o f— i
Over $2.00..............................
$2.00 to $1.01.........................
$1.00 or less............................

191
169
686

20
17
73

101
81
326

58
56
226

9
14
48

3
1
13

B an ks w ith n e t p rofits
o f— 1
$1.00 or less............................
$1.01 to $2.00........................
$2.01 and o v e r .......................

3,044
2,343
1,027

76
17
4

1,577
534
139

1,201
1,447
451

166
308
301

24
37
132

x
Net earnings, net losses or net profits per $100 of monthly average total assets.
N O TE : More detailed figures will be found in Table 142, pages 188-89.

Interest received and paid. Interest received on loans averaged
6 percent in 1936 compared with 5% percent in 1935. There was
practically no change in the average rate of interest and dividends
received on securities, the figure being approximately V percent in
/%
both years. Rates of interest paid on time deposits averaged lower
in 1936 than in 1935. The figures are shown in Table 34.
T ab le 34. INTEREST RECEIVED ON LOANS AND ON SECURITIES AND
P a id o n T im e D e p o s its D u r in g 1934, 1935 a n d 19361
INSURED COMMERCIAL BANKS NOT MEMBERS OF THE FEDERAL RESERVE SYSTEM
OPERATING THROUGHOUT ENTIRE YEAR
1936
Interest received per $100 of loans.....................................................
Interest and dividends received per $100 of securities....................
Interest paid per $100 of time deposits.............................................

$5.96
3.55
2.09

1935
$5.75
3.51
2.28

1934
$5.90
3.77
2.77

*For 1934 and 1935 asset and liability items are averages of call date figures; for 1936, averages of endof-month figures.
N OTE: More detailed figures for 1936 will be found in Tables 131-39, pages 168-85.




60

FEDERAL DEPOSIT INSURANCE CORPORATION
Insured M

utual

S a v in g s B

anks

Assets and capital of insured m utual savings banks. Total
assets of the 56 insured mutual savings banks increased during the
year from $1,108 million to $1,132 million, or by 2 percent. Holdings
of real estate mortgages, which constitute about two-fifths of the
assets of these banks, and also holdings of securities other than
obligations of the United States Government, decreased. Holdings
of United States Government obligations increased.
Mutual savings banks have no capital stock, but they maintain
surplus and reserve accounts, consisting chiefly of undistributed
earnings. The total capital account of insured mutual savings banks
increased by about $6 million, or 5 percent, during 1936, the funds be­
ing derived from net profits for the year. These banks also retired $1
million of their capital notes and debentures held by the Recon­
struction Finance Corporation.
Total capital account of the insured mutual savings banks at the
close of 1936 was equal to 12 percent of total assets and 13 percent of
deposits, slightly higher proportions than in insured commercial
banks. The Reconstruction Finance Corporation held capital notes
and debentures of 25 of the banks amounting to $13 million, or 10
percent of the total capital account of all insured mutual savings
banks.
Table 115, page 135, gives comparative condensed balance sheets
of the insured and noninsured mutual savings banks at the beginning
and close of 1936.
T ab le 35.

E a r n in g s , E x p e n s e s , a n d D is p o s it io n o f P r o f i t s o f
t h e 56 M u t u a l S a v i n g s B a n k s I n s u r e d b y t h e F e d e r a l
D e p o s i t I n s u r a n c e C o r p o r a t i o n , 1935 a n d 1936
(Amounts in millions of dollars)
1935

1936
Interest received on real estate mortgages................................................................
Interest and dividends received on securities...........................................................
Other current operating earnings................................................................................

18.7
16.6
6.1

20.1
17.2
5.4

G ross cu rren t op era tin g e a r n in g s ............................................................

41.4

42.7

Current operating expenses (excluding interest and dividends paid depositors)..

14.4

13.1

N et cu rre n t op era tin g e a rn in g s ................................................................

27.0

29.6

Profits on assets sold, recoveries, etc.........................................................................
Losses, charge-offs, e tc.................................................................................................

11.7
11.4

7.0
8.6

N et profits available fo r d istrib u tio n to d ep ositors and fo r .
a d d itio n to ca p ita l f u n d s .......................................................................

27.3

28.0

Interest and dividends paid depositors......................................................................
Interest on and retirement of capital notes and debentures...................................

19.6
1.5

22.1

N et profits added to ca p ita l f u n d s ...........................................................

6.2

5.9

Earnings, expenses, and disposition of profits of insured
m utual savings banks. Gross current operating earnings of the

56 insured mutual savings banks amounted to $41 million in 1936, or



INSURED MUTUAL SAVINGS BANKS

61

3 percent less than in 1935. Somewhat less than half of the earnings
was interest on real estate mortgages, on which the average rate of
return was 4.0 percent as compared with 4.2 percent in 1935 and 4.4
percent in 1934. Interest and dividends on securities showed an
average rate of return of 3.4 percent in comparison with 3.7 percent
in 1935 and 3.9 percent in 1934.
Current operating expenses, excluding interest and dividends to
depositors, were somewhat higher than in 1935, so that net current
operating earnings which amounted to $27 million in 1936 were 9
percent less than in 1935. Recoveries from assets previously written
off and profits on securities sold were approximately equal to losses
and depreciation charged off, and net profits available for distribution
to depositors and for addition to capital funds also amounted to
$27 million.
About $20 million, or 72 percent of the net profits, were used to
pay interest and dividends to depositors, equivalent to 2.0 percent on
all deposits held. Interest and dividend payments in 1935 amounted
to 2.3 percent on deposits. Of the remaining profits, $1 million were
used to retire capital notes and debentures held by the Reconstruction
Finance Corporation and $6 million were added to capital funds.
The earnings and expenses of the insured mutual savings bank
in 1935 and in 1936 are given in Table 35.







PART THREE
DEPOSITS OF INSURED BANKS AS OF M AY 13, 1936







D

e p o s it s

of

Insured B a n k s

as

of

M

ay

13, 1936

The Federal Deposit Insurance Corporation called upon insured
banks to submit a special statement of their deposits as of May
13, 1936. The Corporation desired (1) to estimate its contingent
liabilities as an insurer of bank deposits, and to measure the way in
which those liabilities are distributed geographically and among the
different classes and sizes of banks, (2) to determine the extent to
which various types of depositors are protected by Federal insurance
of deposits or by pledge of security or by legal preferment, (3) to
obtain more information than has hitherto been available regarding
the types of deposits held by banks, and (4) to ascertain how the
distribution of deposits had shifted since May 13, 1933, and since
October 1, 1934, dates for which similar data are available.
The insured banks were requested to report the total number of
accounts, the total amount of deposits, the number of accounts and
amount of deposits in accounts with balances of more than $5,000
each, and the number of accounts and amount of deposits in accounts
with balances of $5,000 or less each for the following types of deposits:
1.
2.
3.
4.
5.
6.

U. S. Government and postal savings deposits;
Public funds of States and their political subdivisions;
Uninvested trust funds;
Deposits of banks;
Outstanding drafts;
Demand deposits of individuals, partnerships, and corporations
(exclusive of uninvested trust funds);
7. Savings deposits and time deposits of individuals, partnerships,
and corporations (exclusive of uninvested trust funds);
8. Other deposits.
The analysis did not give the number of depositors fully protected
or the volume of deposits actually covered by insurance. The law
specifies that in determining the insured portion of a balance due a
depositor in a bank insured by the Federal Deposit Insurance Cor­
poration all balances standing to the credit of the depositor in the
same right and capacity in that bank shall be combined. If a de­
positor were to hold three accounts with balances of $1,000, $3,000
and $4,000, respectively, in the same right and capacity in a given
bank, $5,000 of his deposit would be insured and the remaining $3,000
would not be protected by insurance but only by a general claim
against the assets of the bank.
!The form used, Form 89, Summary of Deposits at Close o f Business M ay IS, 1936, and in­
structions for the preparation of the form are given on pages 93 and 94 of this report. A pamphlet en­
titled Insurance of Deposits, summarizing the results of the tabulations made from these reports, was
published in November 1936.




65

66

FEDERAL DEPOSIT INSURANCE CORPORATION

In preparing the analysis of deposits the banks were instructed to
report on the basis of accounts, without combining accounts standing
to the credit of a depositor in the same right and capacity, in order to
lessen their burden of work. Other studies made by the Corporation
indicate that although there are substantial differences among
banks, on the average the number of accounts in a given bank is
about 10 percent greater than the number of depositors.. It is also
estimated that the percent of total deposits insured is about one
point less than the percent of total deposits in accounts of not more
than $5,000 each and in the first $5,000 of accounts in excess of that
amount.
For convenience and brevity the terms “ insured deposits” , “ de­
posits covered by insurance” , “ deposits protected by insurance” , and
“ deposits eligible for insurance” are used hereafter in connection with
the figures for May 13, 1936, to designate the deposits in accounts of
not more than $5,000 each and the first $5,000 of deposits in accounts
with balances in excess of that amount. As a consequence the
amount of insured deposits in all insured banks combined given for
May 13, 1936, is estimated to be about 2 percent too high and the
percentage insured about one point too high.
Deposits insured by the Corporation. The total amount of
deposits insured by the Corporation on May 13, 1936, is estimated
to have been about $20.5 billion. Of this amount about $19.6 billion
were in the 14,092 insured commercial banks, and slightly under
$1 billion were in the 56 insured mutual savings banks.1 Total
deposits in the insured commercial banks amounted to more than $45
billion held in over 57 million accounts. Total deposits in the 56
mutual savings banks amounted to $980 million held in nearly 1.4
million accounts. Approximately 43 percent of the deposits in in­
sured commercial banks and 89 percent of the deposits in insured
mutual savings banks were estimated to be insured.
T ab le 36.

ACCOUNTS IN INSURED COMMERCIAL BANKS, M AY 13, 1936
BANKS GROUPED BY AMOUNT OF DEPOSITS

Number
of
banks

Number of accounts
(in thousands)
Total

Over
$5,000

$5,000
or less

Average
size of
account

A ll b a n k s ................................................................................

14,085

57,398

922

56,476

$ 787

B an k s w ith d ep osits o f —
$100,000 and under...........................................................
$100,000 to $250,000........................................................
$250,000 to $500,000........................................................

917
3,028
3,300

401
2,279
4,245

1
9
25

400
2,270
4,220

160
231
280

$500,000 to $1,000,000.....................................................
$1,000,000 to $2,000,000.................................................
$2,000,000 to $5,000,000.................................................

2,751
1,926
1,282

6,058
7,343
9,054

46
73
108

6,012
7,270
8,946

322
368
429

$5,000,000 to $10,000,000...............................................
$10,000,000 to $50,000,000.............................................
Over $50,000,000...............................................................

441
331
109

5,723
8,795
13,500

87
170
403

5,636
8,625
13,097

539
784
1,844

1The tables presented in this section show figures for 14,085 insured commercial banks; reports
for 7 small banks were not available for tabulation.




67

DEPOSITS OF INSURED BANKS

Insured deposits in commercial banks grouped by size.

Accounts in small banks were generally of smaller size and therefore
more fully protected by insurance than were accounts in large banks.
Deposits in banks with deposits of not more than $100,000 each
averaged $160 per account. Deposits in banks with deposits of over
$50,000,000 each averaged $1,844 per account. More detailed
figures are shown in Table 36.
In the 11,922 banks with deposits of not more than $2,000,000
each, 99 percent of the accounts were not in excess of $5,000 and
82 percent of the deposits were insured. In the 2,054 banks with
deposits of $2,000,000 to $50,000,000 each 98 percent of the accounts
were not in excess of $5,000 and 57 percent of the deposits were in­
sured. In the 109 banks with deposits of more than $50,000,000 each,
97 percent of the accounts were not in excess of $5,000 and 25 percent
of the deposits were insured.

T ab le 37.

DEPOSITS OF INSURED COMMERCIAL BANKS, M AY 13, 1936
BANKS GROUPED BY AMOUNT OF DEPOSITS
Deposits (in millions of dollars)

Total

In
In
accounts accounts
of
of
over
$5,000
$5,000
or less

Insured

Percent
insured

All b a n k s ................................................................................

45,188

30,220

14,968

19,578

43

B an ks w ith d e p o sits o f —
$100,000 and under...........................................................
$100,000 to $250,000........................................................
$250,000 to $500,000........................................................

64
527
1,190

7
99
285

57
428
905

61
476
1,029

95
90
86

$500,000 to $1,000,000....................................................
$1,000,000 to $2,000,000.................................................
$2,000,000 to $5,000,000.................................................

1,950
2,703
3,880

577
960
1,617

1,373
1,743
2,263

1,602
2,111
2,800

82
78
72

$5,000,000 to $10,000,000...............................................
$10,000,000 to $50,000,000............................................
Over $50,000,000...............................................................

3,086
6,894
24,894

1,544
4,506
20,625

1,542
2,388
4,269

1,976
3,239
6,284

64
47
25

Although a larger proportion of deposits in small banks than in
large banks is insured, the volume of insured deposits is concentrated
in the large banks. One-third of the insured deposits on May 13,
1936, was in the 109 banks with total deposits in excess of $50,000,000
each. Insured deposits in these banks amounted to about $6 billion.
Approximately one-fourth of the insured deposits, $5 billion, was in
the 772 banks with deposits of between $5,000,000 and $50,000,000
each. Another one-fourth was in the 3,208 banks with deposits of
between $1,000,000 and $5,000,000 each. In the 9,996 banks with
deposits of not more than $1,000,000 each, constituting more than twothirds of all the insured banks, insured deposits amounted to about
$3 billion or approximately one-sixth of the deposits insured by the
Corporation. The figures are shown in Table 37.



68

FEDERAL DEPOSIT INSURANCE CORPORATION

T ab le 38.

ACCOUNTS IN INSURED COMMERCIAL BANKS, M AY 13, 1936
BANKS GROUPED BY CLASS AND BY STATES

I
Number I
of
banks

Number of accounts
(in thousands)

T otal

Over
$5,000

$5,000
or less

Average
size of
account

U n ited S ta tes a n d p ossession s— t o t a l .......................

14,085

57,398

922

56,476

$ 787

U n ited S ta t e s ...................................................................

14,081
4

57,386
12

922

56,464
12

787
417

C lass o f b a n k
National banks members F . R . System .......................
State banks members F . R . System .............................
Banks not members F . R . S ystem ................................

5,367
1,014
7,704

30,590
11,271
15,537

520
253
149

30,070
11,018
15,388

830
1,233
380

S ta te
A labam a...............................................................................
A rizon a.................................................................................
Arkansas..............................................................................
C alifornia.............................................................................
C olorad o...............................................................................

207
15
213
239
139

754
102
351
4,571
456

7
2
4
97
6

747
100
347
4,474
450

321
716
422
817
651

C onnecticut.........................................................................
Delaware..............................................................................
District of Colum bia.........................................................
Florida..................................................................................
G eorgia.................................................................................

105
44
22
149
261

669
135
559
525
871

11
3
8
8
9

658
132
551
517
862

700
919
580
608
449

Id ah o.....................................................................................
Illin ois..................................................................................
Indiana.................................................................................
Iow a ......................................................................................
Kansas..................................................................................

57
863
496
585
463

142
3,706
1,367
1,096
745

2
69
16
12
8

140
3,637
1,351
1,084
737

528
989
526
502
436

K en tu ck y.............................................................................
Louisiana.............................................................................
M aine...................................................................................
M aryland.............................................................................
M assachusetts....................................................................

389
148
61
184
198

989
692
420
840
1,630

10
9
5
12
38

979
683
415
828
1,592

406
561
429
627
1,110

M ichigan..............................................................................
M innesota............................................................................
Mississippi............................................................................
M issouri...............................................................................
M ontana..............................................................................

446
649
196
635
120

1,891
1,422
398
1,829
197

26
16
4
29
3

1,865
1,406
394
1,800
194

650
559
379
722
629

Nebraska..............................................................................
N evad a.................................................................................
New Hampshire..................................................................
New Jersey..........................................................................
New M ex ico........................................................................

377
9
56
388
40

568
38
170
3,223
89

7
1
2
41
1

561
37
168
3,182
88

548
711
435
479
528

New Y o r k ............................................................................
North Carolina........................................... .......................
North D a k ota .....................................................................
Oklahom a............................................................................

765
234
192
692
385

6,191
720
199
3,520
788

187
8
2
45
9

6,004
712
197
3,475
779

2,112
499
357
561
525

Oregon..................................................................................
Pennsylvania.......................................................................
Rhode Island......................................................................
South Carolina....................................................................
South D akota......................................................................

90
1,084
16
111
196

478
6,198
403
281
229

6
92
7
4
2

472
6,106
396
277
227

536
706
571
438
371

Tennessee.............................................................................
Texas.....................................................................................
U ta h ......................................................................................
V erm ont...............................................................................
V irginia.................................................................................

307
808
59
76
323

930
2,073
239
260
1,274

10
29
3
3
16

920
2,044
236
257
1,258

469
562
615
388
403

W ashington.........................................................................
West Virginia......................................................................
W isconsin................................................................ ............
W yom in g..............................................................................

172
172
586
59

596
851
1,588
123

9
6
16
2

587
845
1,572
121

646
303
487
472




69

DEPOSITS OF INSURED BANKS

T ab le 39.

DEPOSITS OF INSURED COMMERCIAL BANKS, M AY 13, 1936
BANKS GROUPED BY CLASS AND BY STATES

Deposits (in millions of dollars)

Total

In
In
accounts accounts
of
of
over
$5,000
or less
$5,000

Percent
insured
Insured

U n ited S ta tes a n d p ossession s— t o t a l .......................

45,188

30,220

14,968

19,578

43

U n ited S ta t e s ..................................................................
P o s s e s s io n s ......................................................................

45,183
5

30,218
2

14,965
3

19,574
4

43
73

C lass o f b an k
National banks members F. R . System ......................
State banks members F. R. System .............................
Banks not members F. R . S ystem ................................

25,394
13,897
5,897

17,369
10,635
2,216

8,025
3,262
3,681

10,626
4,526
4,426

41
32
75

S ta te
Alabam a..............................................................................
A rizona................................................................................
Arkansas..............................................................................
California............................................................................
C olorado..............................................................................

242
73
148
3,733
297

129
39
75
2,255
169

113
34
73
1,478
128

145
44
93
1,964
161

59
60
63
52
54

C onnecticut........................................................................
Delaware.............................................................................
District of Colum bia....................................................
F lorida.................................................................................
G eorgia................................................................................

468
124
324
319
391

269
77
193
200
243

199
47
131
119
148

254
63
172
160
194

54
50
53
50
49

Id a h o....................................................................................
Illinois..................................................................................
Indiana................................................................................
Io w a .....................................................................................
Kansas.................................................................................

75
3,665
719
550
325

33
2,607
377
244
160

42
1,058
342
306
165

52
1,402
420
367
203

69
38
58
66
62

K en tu ck y............................................................................
Louisiana.............................................................................
M aine...................................................................................
M aryland.............................................................................
Massachusetts....................................................................

402
388
180
527
1,810

190
253
73
338
1,291

212
135
107
189
519

261
179
132
250
708

64
46
73
47
39

M ichigan.............................................................................
M innesota...........................................................................
Mississippi...........................................................................
M issouri...............................................................................
M ontana..............................................................................

1,230
795
151
1,320
124

696
414
64
903
60

534
381
87
417
64

666
463
109
560
81

54
58
71
42
64

Nebraska.............................................................................
N evad a.................................................................................
New Hampshire.................................................................
New Jersey..........................................................................
New M exico........................................................................

311
27
74
1,544
47

161
13
34
740
24

150
14
40
804
23

184
18
49
1,009
29

59
67
66
65
61

New Y o r k ............................................................................
North Carolina..................................................................
North D ak ota....................................................................
Ohio......................................................................................
Oklahoma............................................................................

13,073
359
71
1,975
414

11,125
213
21
1,073
259

1,948
146
50
902
155

2,882
184
57
1,127
200

22
51
81
57
48

Oregon..................................................................................
Pennsylvania......................................................................
Rhode Island......................................................................
South Carolina...................................................................
South D a k ota .....................................................................

256
4,377
230
123
85

124
2,796
139
65
32

132
1,581
91
58
53

160
2,045
126
75
63

62
46
54
60
73

Tennessee............................................................................
Texas....................................................................................
U ta h .....................................................................................
V erm ont...............................................................................
Virginia................................................................................

436
1,165
147
101
513

258
733
87
28
257

178
432
60
73
256

230
577
77
86
336

52
49
52
85
65

W ashington.........................................................................
West Virginia......................................................................
W isconsin.............................................................................
W yom ing.............................................................................

385
258
774
58

214
113
330
27

171
145
444
31

217
177
525
38

56
68
67
66




70

FEDERAL DEPOSIT INSURANCE CORPORATION

Insured deposits by class of bank and by States. National
banks reported deposits amounting to $25 billion of which nearly $11
billion, or about 41 percent, were insured. These banks held more
than half of the deposits insured by the Corporation. State banks
members of the Federal Reserve System reported deposits amounting
to $14 billion of which $4.5 billion or 32 percent were insured. These
banks held slightly less than one-fourth of the deposits insured by the
Corporation. Commercial banks not members of the Federal Re­
serve System reported deposits amounting to $6 billion of which $4
billion or 75 percent were insured. These banks also held slightly
less than one-fourth of the deposits insured by the Corporation.

The percent of total deposits insured in the various States ranged
from 85 in Vermont to 22 in New York. The proportion of accounts
with balances of not more than $5,000 each varied little from State
to State.
More than half of the deposits insured by the Corporation were in
banks located in the following six States: California, Illinois, New
Jersey, New York, Ohio and Pennsylvania. Total insured deposits
in these States ranged from $1 billion to $3 billion each. The figures
are presented in Tables 38 and 39.
Insurance protection to depositors. In determining the in­
sured portion of a balance due a depositor in a bank insured by the
Federal Deposit Insurance Corporation the law specifies that all
balances standing to the credit of a depositor in the same right and
capacity in a given bank shall be combined. A depositor may carry
accounts in as many insured banks as he desires and receive protection
up to a maximum of $5,000 in each bank. As a consequence, al­
though the maximum protection given to a single depositor is $5,000
in a given bank, any depositor may increase his protection by spread­
ing his deposits among insured banks. Some tendency to spread
accounts among banks in order to secure increased insurance pro­
tection has been observed.

T ab le 40.

ACCOUNTS IN INSURED COMMERCIAL BANKS, M AY 13, 1936
GROUPED BY TYPE OF DEPOSIT
Number of accounts
(in thousands)
T otal

Over
$5,000

$5,000
or less

Average
size of
account

T o ta l.........................................................................................................

57,398

922

56,476

$ 787

Deposits of individuals, partnerships, and corporations:
D em and............................................................................................
Savings and tim e............................................................................
Interbank.............................................................................................
Public funds of States and their political subdivisions.............
U. S. Government and postal savings..........................................
Uninvested trust funds.....................................................................
D rafts....................................................................................................
Other item s..........................................................................................

22,106
32,568
93
244
14
516
469
1,393

416
332
66
49
5
26
10
18

21,690
32,231
27
195
9
490
459
1,375

893
386
67,903
13,770
83,214
2,229
678
419




71

DEPOSITS OF INSURED BANKS

The amount of protection given by the Corporation varied widely
among the types of deposits and depositors. The general public held
$32 billion of deposits of which about 55 percent were insured. More
than 95 percent of accounts in banks were of this type. Other de­
positors, consisting chiefly of banks, trust companies and governmental
bodies, held deposits amounting to $13 billion, of which about 12
percent were insured.
T ab le 41.

DEPOSITS OF INSURED COMMERCIAL BANKS, M AY 13, 1936
GROUPED BY TYPE OF DEPOSIT
Deposits (in millions of dollars)

Total

In
In
accounts accounts
of
of
over
$5,000
$5,000
or less

Insured

Percent
insured

T o ta l.........................................................................................

45,188

30,220

14,968

19,578

43

Deposits of individuals, partnerships, and cor­
porations:
D em and.......................................................................
Savings and tim e.......................................................
Interbank.............................................................................
Public funds of States and their political subdivisions
U. S. Government and postal savings..........................
Uninvested trust funds.....................................................
D rafts...................................................................................
Other item s.........................................................................

19,737
12,559
6,315
3,360
1,165
1,150
318
584

14,195
3,867
6,268
3,182
1,154
937
203
414

5,542
8,692
47
178
11
213
115
170

7,620
10,351
379
422
37
343
167
259

38
82
6
12
3
30
52
44

Demand deposits of the general public (individuals, partnerships,
and corporations) were in 22 million accounts of which more than 98
percent contained balances not exceeding $5,000 each, the maximum
insurance for each depositor. The time deposits were in more than
32 million accounts of which 99 percent contained balances not
exceeding $5,000 each. The demand deposits in all insured banks
were 38 percent insured. In the 13,204 banks with deposits of
$5,000,000 or less each, the publics demand deposits were 81 percent
insured. In the 881 banks with deposits of over $5,000,000 each, the
demand deposits were 28 percent insured. Savings and time deposits
of individuals, partnerships, and corporations were 82 percent insured.
Insurance coverage of the remaining deposits ranged from 3 percent
for United States Government deposits to 52 percent for outstanding
drafts. In general, a small proportion of the deposits of governmental
bodies was protected by insurance. The figures are shown in Tables
40 and 41.
Other protection to depositors. In addition to the protection
given by insurance, deposits of governmental bodies and uninvested
trust funds are covered to a considerable extent by pledge of security
and by legal preferment over claims of other depositors and general
creditors. Deposits of the United States Government, including
postal savings funds in excess of amounts protected by insurance,
are fully protected by pledge of security and by legal preference.



72

FEDERAL DEPOSIT INSURANCE CORPORATION

On May 13, 1936, public funds of States and their political sub­
divisions in addition to being insured, were protected by the pledge of
nearly $2 billion of assets. Some deposits were also protected by
depository bonds written by private insurance companies. Unless
protected by pledge of security most deposits of States are given a
preferred position in the liquidation of banks placed in receivership.
Deposits of political subdivisions of most States are not preferred.
In all, it appears that about 75 percent of the public funds were pro­
tected by insurance, by pledge of security, or by legal preference.
About $600 million of assets were pledged for the protection of
uninvested trust funds. All national banks and numerous State
banks pledge assets to secure all trust funds which are redeposited in
their own commercial banking departments. In New York State,
the banks of which held approximately one-third of the uninvested
trust funds, and in some other States, such funds occupy a preferred
status in case of the failure of a bank. It is estimated that considerably
over one-half of the uninvested trust funds are protected by insurance,
by pledge of security, or by legal preference.
Number of accounts and of depositors. The total number of
accounts reported by the insured commercial banks was 57 million.
As previously stated, it is estimated that the number of accounts
exceeds the number of depositors by about 10 percent. The number
of depositors, as defined by law, in insured commercial banks, there­
fore, is estimated to have been about 52 million on May 13, 1936.
Dormant accounts are included in the figure. In some banks almost
one-half of the accounts are inactive.

The number of individuals, partnerships, corporations, banks and
governmental bodies in the United States who actually hold bank
accounts is less than the number of “ depositors” given above. It is
not possible, with the data available, to estimate the number of those
who hold accounts. Chain stores and large corporations have ac­
counts in numerous banks, in some cases throughout the United States.
The United States Government and the postal savings system hold
more than 14,000 accounts, and the 15,000 banks in the country have
more than 90,000 interbank accounts.
Types of deposits held by banks. One of the purposes of the
inquiry was to obtain better information than had hitherto been
available regarding the character of the deposit structure of the
insured banks. Except for insured banks not members of the Federal
Reserve System, data had not previously been available regarding
the relative importance of the types of deposits held by the different
classes of insured banks grouped according to size.
About 71 percent of the total deposits of insured commercial banks
in the United States were deposits of the general public. Approxi­
mately 14 percent were interbank deposits; 10 percent were funds of
the United States Government and agencies thereof, and of States
and their political subdivisions; and approximately 5 percent con­



DEPOSITS OF INSURED BANKS

73

stituted trust funds, outstanding drafts, certified checks, and other
miscellaneous items. Of the deposits of the general public, ap­
proximately three-fifths were demand deposits and two-fifths were
time deposits.
In all insured banks combined, there was a tendency for demand
deposits of the general public to be less important and of time deposits
to be more important in larger than in smaller banks up to banks with
deposits of $2,000,000 to $5,000,000 each. Thereafter the tendency
was reversed, the relative importance of demand deposits being more
and of time deposits less in the larger banks. The figures are shown
in Table 42. In banks with deposits of $100,000 or less each,
56 percent of total deposits were demand deposits of individuals,
partnerships, and corporations. The proportion was 34 percent in
banks with deposits of between $2,000,000 and $5,000,000 each, and
48 percent in banks with deposits of over $50,000,000 each. Time
deposits of individuals, partnerships, and corporations amounted to
27 percent of total deposits in banks with deposits of $100,000 and
under. The proportion was practically 50 percent in banks with
deposits of from $2,000,000 to $5,000,000 each, and 17 percent in
banks with deposits of over $50,000,000 each.
T ab le 42.

PERCENTAGE DISTRIBUTION OF TYPES OF DEPOSITS OF INSURED
C o m m e r c ia l B a n k s , M a y 13, 1936
BANKS GROUPED BY AMOUNT OF DEPOSITS

Total

Deposits of
individuals,
partnerships,
and
corporations
De­
mand

A ll b a n k s ....................................... 100.0%

Savings
and
time

Inter­
bank
de­
posits

14.0%

Public U .S .
funds Govern­ Trust
of
funds
ment
States, deposits
etc.

7.4%

2.6%

2-5%

Drafts

Other
items

43.7%

27.8%

B anks w ith deposits o f—
$100,000 and under................... 100.0
$100,000 to $250,000................. 100.0
$250,000 to $500,000................. 100.0

56.3
48.5
43.2

27.3
34.0
39.5

.4
.3
.4

12.2
13.3
12.4

.4
1.0
1.7

.1
.1
.2

2.9
2.3
2.1

.4
.5
.5

$500,000 to $1,000,000.............. 100.0
$1,000,000 to $2,000,000.......... 100.0
$2,000,000 to $5,000,000.......... 100.0

38.3
36.3
34.4

45.2
47.4
49.2

.7
1.2
2.4

11.1
10.2
8.6

2.2
1.9
1.9

.2
.7
1.2

1.7
1.6
1.3

.6
.7
1.0

$5,000,000 to $10,000,000 ., . 100.0
$10,000,000 to $50,000,000___ 100.0
Over $50,000,000....................... 100.0

36.5
39.6
48.2

44.6
30.8
17.4

4 .8
12.5
20.7

8.0
9.0
5.8

2 .2
2.9
2.8

1.7
3.1
3.3

1.1
.8
.3

1.1
1.3
1.5

•7%

1.3%

Interbank deposits were unimportant in banks of small size but
made up one-fifth of the deposits of banks with deposits of over
$50,000,000 each. Public funds of States and their political sub­
divisions and outstanding drafts were relatively more important in
small banks than in large banks. On the other hand, deposits of the
United States Government and of postal savings funds constituted a
greater proportion of total deposits among the larger banks than
among the smaller banks.



74

FEDERAL DEPOSIT INSURANCE CORPORATION

Figures for the different classes of banks show striking differences.
In the banks members of the Federal Reserve System demand deposits
were approximately twice as important as time deposits of the general
public, whereas in the insured banks not members of the Federal
Reserve System time deposits were more important than demand
deposits of the general public. In the banks members of the Federal
Reserve System there was a tendency for demand deposits to be less
important and for time deposits to be more important in the larger
than in the smaller banks up to banks with deposits of $2,000,000
to $5,000,000 of deposits each. Among the banks with deposits of
over $5,000,000 each, the tendency was reversed and the demand
deposits tended to be more important and the time deposits less
important in the larger than in the smaller banks.
In the banks not members of the Federal Reserve System the same
tendency was also present but was not reversed in the case of banks
with deposits of over $5,000,000 each. Except in the largest insured
commercial banks not members of the Federal Reserve System there
was little difference among the larger banks in the relative importance
of demand deposits. The five banks with deposits of over $50,000,000
each, reported only 10 percent of their deposits to be in demand
accounts and 78 percent to be in time accounts of individuals, partner­
ships, and corporations, reflecting the fact that most of these banks
did only a savings bank business. The figures are shown in Table 43.
T ab le 43.
and

R a t i o OF D e m a n d AND T i m e D e p o s i t s OF IN DIVID U ALS, PARTN ERSH IPS,
C o r p o r a t io n s t o T o t a l D e p o s it s o f I n s u r e d C o m m e r c ia l B a n k s ,

M a y 13, 1936
BANKS GROUPED BY CLASS AND BY AMOUNT OF DEPOSITS
Demand deposits of
individuals, partnerships,
and corporations
Members F . R .
System
National

State

Time deposits of
individuals, partnerships,
and corporations

Members F . R .
N ot
N ot
System
members
members
F. R .
F. R .
System National
State System

43%

50%

34%

27%

20%

49%

w ith d e p o sits o f —
and under..........................................
to $250,000.......................................
to $500,000.......................................

66
54
45

71
54
44

55
47
42

20
30
38

14
29
37

28
35
41

$500,000 to $1,000,000....................................
$1,000,000 to $2,000,000................................
$2,000,000 to $5,000,000................................

40
37
36

39
36
33

36
35
31

44
46
47

44
48
50

47
49
53

$5,000,000 to $10,000,000..............................
$10,000,000 to $50,000,000............................
Over $50,000,000..............................................

38
41
45

38
41
54

31
30
10

42
26
19

45
34
14

52
44
78

A ll b a n k s ...............................................................
B an ks
$100,000
$100,000
$250,000

Insurance coverage in 1936 and in 1934. Total deposits in
insured commercial banks increased from $36 billion to $45 billion or
by 25 percent between October 1, 1934, and May 13, 1936. The
reports reveal a substantial growth in the volume of insured deposits
but a decrease in the proportion of deposits insured. As of October 1,
1934, the banks reported that nearly $16 billion, or 43.5 percent, of



75

DEPOSITS OF INSURED BANKS

their total deposits were covered by insurance. As of May 13, 1936,
insured commercial banks reported that nearly $20 billion, or 43.3
percent of their total deposits, were in accounts of $5,000 or less each
or constituted the first $5,000 of accounts exceeding that amount.
The volume and proportion of deposits actually covered by insurance
were somewhat smaller than shown by the figures for May 13, 1936.

Table 44.

PERC E N T OF D E PO SITS OF INSURED COMMERCIAL B A N K S PROTECTED BY
Insurance, M

ay

13, 1936,

and

O c t o b e r 1, 1934

BANKS GROUPED BY AMOUNT OF DEPOSITS
M ay 13,
19361

O ct. 1,
1934

A ll b a n k s .......................................................................................................................................

4 3 .3 %

4 3 .5 %

B an ks w ith d ep o sits o f—
$100,000 and under..................................................................................................................
$100,000 to $250,000...............................................................................................................
$250,000 to $500,000...............................................................................................................

95.1
90.3
86.4

91.7
86.9
83.1

$500,000 to $1,000,000...........................................................................................................
$1,000,000 to $2,000,000........................................................................................................
$2,000,000 to $5,000,000........................................................................................................

82.2
78.1
72.2

78.8
74.6
69.1

$5,000,000 to $50,000,000......................................................................................................
Over $50,000,000......................................................................................................................

52.2
25.2

49.6
25.7

^ h e figures for M ay 13, 1936, overstate the percent of deposits insured but the overstatement is
not sufficient to account for the increase between the two dates shown for most size groups.

The reduction in the proportion of deposits covered by insurance
was due chiefly to reductions reported by the banks with deposits of
more than $50,000,000 each. The banks with deposits or not more
than $50,000,000 each, taken as a whole or by size groups, showed
increases in the proportion of their deposits protected by insurance.
The figures are given in Table 44.
Deposits on May IB, 1933, and May 13,1936. On May 13,1936,
about 38 percent of the deposits in the 6,381 banks members of the
Federal Reserve System were protected by insurance. Had deposit
insurance been in effect on May 13, 1933, approximately 42 percent
of deposits in these banks would have been insured.
Total deposits in this class of bank amounted to $39 billion on
May 13, 1936, compared with $23.5 billion on May 13, 1933, an
increase of 67 percent for the three years. The growth of deposits
reflected in part an increase in membership in the Federal Reserve
System but chiefly the growth of deposits in the banking system
generally.
On May 13, 1936, the 6,381 bank members of the Federal Reserve
System reported 42 million accounts. On May 13, 1933, the 5,500
licensed banks members of the Federal Reserve System reported 31
million accounts. The proportion of accounts with balances of $5,000
or less was approximately the same, about 98 percent, in both years.



76

FEDERAL DEPOSIT INSURANCE CORPORATION

Deposits in m utual savings banks. On May 13, 1936, the 56
mutual savings banks insured by the Federal Deposit Insurance
Corporation reported total deposits of $980 million of which $878
million, or 89 percent, were estimated to be insured. This is a
slightly higher protection than the 82 percent given to savings and
time deposits of individuals, partnerships, and corporations in insured
commercial banks.
T ab le 45.

ACCOUNTS IN IN SU RED M U T U A L SAVINGS B A N K S , M A Y 13, 1936

BANKS GROUPED B Y AMOUNT OF DEPOSITS AND B Y STATES
Number of accounts
Number
of
banks

U n ite d S ta tes— t o t a l .........................................................
B an k s w ith d ep osits o f —
$100,000 and under.............................................. ............
$100,000 to $250,000........................................................
$250,000 to $500,000........................................................

56

Total

Over
$5,000

$5,000
or less

1,386,934

46,121

1,340,813

Average
size of
account

$ 707

2

704

704

186

3

6,275

28

6,247

194

$500,000 to $1,000,000....................................................
$1,000,000 to $2,000,000.................................................
$2,000,000 to $5,000,000.................................................

6
9
14

19,199
25,457
90,036

107
397
1,085

19,092
25,060
88,951

238
519
406

$5,000,000 to $10,000,000...............................................
$10,000,000 to $50,000,000.............................................
Over $50,000,000...............................................................

11
6
5

169,184
150,032
926,047

2,656
4,801
37,047

166,528
145,231
889,000

467
797
784

New Jersey..........................................................................

4
6
2
1
14

23,119
29,245
8,405
204,823
216,800

459
400
18
2,738
5,700

22,660
28,845
8,387
202,085
211,100

586
495
142
317
626

New Y o r k ............................................................................
O hio......................................................................................
Oregon..................................................................................
Pennsylvania......................................................................
V erm ont..............................................................................

2
3
1
2
14

395,663
187,873
1,376
16,194
107,403

26,953
5,538
27
122
1,958

368,710
182,335
1,349
16,072
105,445

1,262
622
756
343
627

W isconsin............................................................................

3
4

174,121
21,912

2,128
80

171,993
21,832

323
183

S ta te
Indiana................................................................................
M aryland.............................................................................

There appeared to be only a slight relationship between size of
bank and the proportion of deposits insured for this class of bank.
Insurance coverage in the different banks ranged from 100 percent
to 78 percent. More than half of the deposits insured by the Cor­
poration in mutual savings banks are in New York State. Threefourths of the insured deposits were in the five banks with deposits
of over $50,000,000 each. The figures are shown in Tables 45 and 46.
The mutual savings banks reported a total of 1,387,000 accounts
of which 1,341,000, or 97 percent, contained balances of not more
than $5,000 each. The proportion of savings and time accounts with
balances of not more than $5,000 in insured commercial banks was
99 percent.
Nearly 89 percent of the deposits of insured mutual savings banks
were insured on May 13, 1936, compared with 77 percent on October



77

DEPOSITS OF INSURED BANKS

1, 1934. The increase in the proportion of deposits insured reflected
chiefly the raising of the maximum allowable coverage per depositor
in some of the banks. Under the law in effect on October 1, 1934,
mutual savings banks could elect a maximum insurance per depositor
of either $2,500 or $5,000. Twenty-four mutual savings banks had
elected a maximum of $2,500 for each depositor. Approximately 68
percent of the deposits in those banks were insured. Forty-four
mutual savings banks had elected a maximum insurance of $5,000
for each depositor, comparable to that in effect now, and approxi­
mately 88 percent of the deposits in those banks were insured. Under
the present law the $5,000 maximum coverage for each depositor
applies uniformly to each insured bank.
Table 46.

DEPOSITS OF INSURED MUTUAL SAVINGS BANKS, M AY 13, 1936

BANKS GROUPED BY AMOUNT OF DEPOSITS AND BY STATES
Deposits (in thousands of dollars)

Total

U n ited S ta tes— t o t a l .........................................................
B an ks
$100,000
$100,000
$250,000

980,145

In
In
accounts accounts
of
of
$5,000
over
or less
$5,000

Insured

Percent
insured

332,341

647,804

878,409

89

w ith d e p o sits o f —
and under...........................................................
to $250,000
..........
to $500,000........................................................

131

131

100

1,217

214

1,003

1,143

93

$500,000 to $1,000,000.....................................................
$1,000,000 to $2,000,000.................................................
$2,000,000 to $5,000,000.................................................

4,570
13,208
36,526

839
3,261
8,396

3,731
9,947
28,130

4,266
11,932
33,555

93
90
91

$5,000,000 to $10,000,000............................................... 78,991
$10,000,000 to $50,000,000............................................ 119,518
Over $50,000,000............................................................... 725,984

21,597
38,825
259,209

57,394
80,693
466,775

70,674
104,698
652,010

89
87
89

13,544
14,474
1,191
64,895
135,702

3,947
2,848
203
16,348
46,696

9,597
11,626
988
48,547
89,006

11,892
13,626
1,078
62,237
117,506

87
94
90
95
86

New Y o r k ............................................................................ 499,184
Ohio....................................................................................... 116,943
Oregon..................................................................................
1,040
Pennsylvania......................................................................
5,560
Verm ont............................................................................... 67,302

180,549
50,638
153
880
15,245

318,635
66,305
887
4,680
52,057

453,400
93,995
1,022
5,290
61,847

90
80
98
95
91

56,310
4,000

14,148
686

42,162
3,314

52,802
3,714

93
92

S ta te
Indiana................................................................................
M aine...................................................................................
M aryland............................................................................
M innesota...........................................................................
New Jersey..........................................................................

W ashington.........................................................................
W isconsin............................................................................




131




PART FOUR
LEGISLATION, REGULATIONS AND INSTRUCTIONS







DEPOSIT INSURANCE LEGISLATION
EXTENSION OF LOAN AND PURCHASE POWERS
P u b l ic R e s o l u t io n — N o. 83— 74 th C o n g r e ss
S. J. R e s . 230
JOINT RESOLUTION
Amending paragraph (4) of subsection (n) of section 12B of the Federal Reserve A ct, as amended.

R e s o l v e d b y t h e S e n a t e a n d H o u s e of R e p r e s e n t a t iv e s of t h e U n it e d
S t a t e s of A m e r ic a in C o n g r e ss a s s e m b l e d , T h a t paragraph (4) of subsection (n)
of section 12B of the Federal Reserve A ct, as amended, is amended b y striking out
“ July 1, 1936” and inserting in lieu thereof “ July 1, 1938” .

Approved, April 21, 1936.




81

82

FEDERAL DEPOSIT INSURANCE CORPORATION
REGULATIONS AND RULINGS OF THE CORPORATION
ADVERTISING BY INSURED BANKS
R E G U L A T IO N III

A s Amended October 26, 1936 , to be Effective November 20, 1936,
Superseding Regulation I I I of October 11, 1935
S co pe of R e g u l a t io n

This regulation prescribes the requirements with regard to the official signs
insured banks must display and the requirements with regard to the official adver­
tising statement insured banks must include in advertisements relating to deposits.
It also prescribes an approved emblem and an approved short title which insured
banks may use at their option. This regulation imposes no limitations on other
proper advertising of insurance of deposits by insured banks.
S e c t io n 1

Statutory Provisions
Paragraph (2), subsection
amended, provides as follows:

(v), section 12B

of the Federal Reserve Act, as

“ Every insured bank shall display at each place of business maintained by
it a sign or signs, and shall include in advertisements relating to deposits a
statement to the effect that its deposits are insured by the Corporation. The
board of directors shall prescribe by regulation the forms of such signs and the
manner of display and the substance of such statements and the manner of
use. For each day an insured bank continues to violate any provision of this
paragraph or any lawful provision of said regulations, it shall be subject to
a penalty of not more than $100, recoverable by the Corporation for its use.”
S e c t io n 2

Mandatory Requirements with Regard to the
Official Signs and Their Display
Subsection (a). Each insured bank shall continuously display on and after October
11, 1935, for so long as it continues to be an insured bank, an official sign as herein­
after prescribed at each station or window where insured deposits are usually and
normally received in its principal place of business and in all its branches: Provided,
That no bank becoming an insured bank after October 11, 1935, shall be required
to display such official signs until 21 days after its first day of operation as an insured
bank. The official signs may be displayed by any insured bank prior to the date
display is required.
Subsection (b). The official sign referred to in subsection (a) of this section shall
be seven inches by three inches in size, made of metal, furnished to banks by this
Corporation only, and of the following design:

The Federal Deposit Insurance Corporation
W ASHINGTON, D. C.

$5000



MAXIMUM INSURANCE
FOR EACH DEPOSITOR

$5000

REGULATIONS

83

The Corporation shall furnish to banks an order blank for use in procuring the
official signs. Any bank which promptly, after receipt of the order blank, fills it in,
executes it, and properly directs and forwards it to the Federal Deposit Insurance
Corporation, Washington, D . C., shall not be deemed to have violated this regula­
tion on account of not displaying an official sign or signs, unless the bank shall omit
to display such official sign or signs after same have been tendered to the bank
through the instrumentality of the United States mail or otherwise.
Subsection (c). Where two or more banks receive deposits in the same office or
offices, each bank operating as an insured bank and doing business in such office or
offices is forbidden on and after October 11 ,1935, or, in the case of a bank becoming
an insured bank after October 11, 1935, after its first day of operation as an insured
bank, to receive deposits at any window or station where any noninsured bank
receives deposits.
Subsection (d). Pursuant to written notice from the Corporation given to insured
banks at least thirty days prior to any date the Corporation specifies, provided on
such date special circumstances exist, with regard to particular banks, making a
change in the wording of the official signs to be used desirable, each insured bank
receiving such notice shall on and after the date specified in such notice change its
official sign or signs in accordance with the requirements of this Corporation.
S e c t io n 3

Mandatory Requirements with Regard to the Official
Advertising Statement and Manner o f Use
Subsection (a). Each insured bank shall include the official advertising state­
ment, prescribed in subsection (b) of this section, in advertisements issued or
caused to be issued by it after November 20, 1936, of the types enumerated in
subsection (c) of this section as being of the class in which the official statement is
required to be included.
N o bank which becomes an insured bank after October 26, 1936, is required to
include the official advertising statement in such advertisements until 60 days
after its first day of operation as an insured bank.
In cases where, in the opinion of the Board of Directors of the Federal Deposit
Insurance Corporation, undue hardship would result by reason of the requirements
of this subsection becoming operative as to a particular bank on the date fixed herein,
the Board of Directors may grant an extension of time applicable to the particular
bank affected, upon written application of the bank setting forth the facts.
In cases where advertising copy not including the official advertising statement
is on hand on the date the requirements of this subsection become operative, the
insured bank may cause the official advertising statement to be included by use of
a rubber stamp or otherwise.

Subsection (b). The official advertising statement shall be in substance as follows:
“ M E M B E R OF T H E F E D E R A L D E P O SIT IN S U R A N C E C O R P O R A T IO N .”
However, the word “ T H E ” or the words “ OF T H E ” may be omitted. Further,
the words “ This bank is a” or the words “ This institution is a” or the name of the
insured bank followed by the words “ is a” may be added before the word “ M E M ­
B E R .”
Subsection (c). The following is an enumeration of the types of advertisements
which when issued or caused to be issued by an insured bank, shall, in accordance
with the requirements of subsection (a) of this section, include the official advertis­
ing statement:
1.

Statements of condition and reports of condition of an insured bank except
those required to be published by State or Federal law.

2.

All calendars.

3.

Institutional advertisements published in a newspaper, magazine, or other
periodical, bill board advertisements, posters, street car displays, signs,
plates, pamphlets, circular letters, leaflets, novelty and specialty advertise­
ments, pay roll envelopes, display advertisements in directories such as
telephone, bank, and city directories and advertisements made by radio or
reproduced on the picture screen in theaters provided that of the types of
advertisements listed in this paragraph the following shall be exempted from
the requirement of including the official advertising statement:




84

FEDERAL DEPOSIT INSURANCE CORPORATION

Exemptions:
(aa)

(bb)
(cc)
(dd)
(ee)

Bank supplies such as stationery (except when used for circular letters),
envelopes, deposit slips, checks, drafts, signature cards, deposit pass
books, certificates of deposit, etc.
Signs or plates in the banking offices or attached to the building or
buildings in which the banking offices are located.
Listings in directories whether in heavy or other type.
Advertisements not setting forth the name of the insured bank.
Advertisements not containing any advertising relating to the insured
bank in addition to any or all of the following, its name, telephone number,
address, announcement of membership in the Federal Reserve System,
and subject matter specifically excluded under exemptions (aa) through

(oo).
(ff)

Advertisements relating to the making of loans by the bank or loan
services.
(gg)
Advertisements relating to safe keeping box business or services.
(hh)
Advertisements relating to trust business or trust department services,
(ii)
Advertisements relating to real estate business or services.
(jj)
Advertisements relating to armoured car services.
(kk)
Advertisements relating to service charges or analysis charges.
(11)
Advertisements relating to securities business or securities department
services.
(mm) Display advertisements in bank directory on a page on which there are
bank listings whether in heavy or other type, provided the name of the
insured bank appears on some page of the listings in the directory, and
provided there appears on each page of the directory containing listings
a symbol or other descriptive matter indicating the banks which are
members of the Federal Deposit Insurance Corporation.
(nn)
Advertisements relating to travel department business, including traveler’s
checks on which the bank issuing or causing to be issued the advertisement
is not primarily liable.
(oo)
Joint or group advertisements of banking service where the names of
insured and noninsured banks are listed and form a part of such ad­
vertisements.
Subsection (d). Insured banks are not required to include the official advertising
statement in any type of advertisements other than those enumerated in subsection
(c) as being of the class in which such statement is required to be included.
Subsection (e). Where an insured bank has bill board advertisements out­
standing, not excluded under exemptions (aa) through (oo) in Paragraph 3, sub­
section (c), section 3, and has direct control either by possession or under the
terms of a contract of such advertisements, it shall, if it can do so consistently with
its contractual obligations, cause the official advertising statement to be included
therein at such time as it would have been required to include the official advertising
statement had the advertisement been newly issued rather than previously out­
standing.
S e c t io n 4

Approved Emblem and Approved Short Title Which
Insured Banks M ay Use at Their Option
Subsection (a). The emblem reproduced below is hereby approved for the use
of insured banks.




REGULATIONS

85

Subsection (b). The following short title is hereby approved for use of insured
banks on signs or plates attached to the outside of the bank building: “ M E M B E R
OF F D I C ”
Subsection (c). N o insured bank is required to use the emblem or short title to
any extent whatsoever. However, if any insured bank desires to use the emblem, it
may do so in any of its advertisements and on any of its bank supplies. Since the
approved emblem contains the official advertising statement in the outside circle, its
use in the type of advertisements listed in subsection (c), section 3 of this regulation
will satisfy the mandatory requirements of that section. The short title cannot be
substituted for the official advertising statement in the types of advertisements
required to include the latter.
Any insured bank may, in addition to the requirements of this regulation, use
any proper advertising of insurance of its deposits. For example, as an addition
to the official advertising statement, any insured bank may, at its option, use the
following in any of its advertisements:
“ Deposits in this bank are insured with
maximum insurance of $5000 for each depositor”
Further, in the case of display signs in the banking offices which, under the
provisions of this regulation, are not required to include the official advertising
statement, any insured bank may use, for example, any of the following:
1. “ The Federal Deposit Insurance Corporation insures deposits in this bank
with $5000 maximum insurance for each depositor.”
2. “ Deposits in this bank are insured by the Federal Deposit Insurance Corpora­
tion with $5000 maximum insurance for each depositor.”
3. Electric sign or other display reproductions of the official sign.
S e c t io n 5

Penalties
N o bank will violate any provision of paragraph (2), subsection (v), section 12B
of the Federal Reserve Act, as amended, or any provisions of this regulation if it
complies with the provisions of sections 2 and 3 of this regulation. N o penalty
will be imposed for any violation of the provisions of this regulation until the bank
has been given an opportunity to be heard before the Board of Directors of this
Corporation.

RESOLUTION EXTENDING TIME FOR INSURED BANKS TO COMPLY
WITH REGULATION III, AS AMENDED
Approved by the Board of Directors on December 3 , 1936 .
“ W H E R E A S , M any insured banks have failed to include the official advertising
statement on calendars, leaflets, pamphlets, payroll envelopes, circular letters,
diaries, novelty and specialty advertisements, which were ordered prior to the
effective date of the amendments to Regulation I I I ; and
“ W H E R E A S , It will cause such banks considerable undue hardship to have such
articles reprinted;
“ N O W T H E R E F O R E BE IT R E SO LV E D by the Board of Directors that
pursuant to paragraph 3, subsection (a), section 3 of Regulation III, as amended
October 26, 1936, banks which are members of this Corporation which have prior
to October 26, 1936, ordered calendars, leaflets, pamphlets, payroll envelopes,
circular letters, diaries, novelty and specialty advertisements which do not contain
the official advertising statement and have the same on hand or are unable to
change the orders heretofore placed are hereby granted an extension of time in
which to distribute such calendars, leaflets, pamphlets, payroll envelopes, circular
letters, diaries, novelty and specialty advertisements, which period of time shall
expire on December 31, 1937. This extension of time is hereby limited to those
calendars, leaflets, pamphlets, payroll envelopes, circular letters, diaries, novelty
and specialty advertisements which have been ordered by banks prior to October
26, 1936.”

RESOLUTION EXEMPTING BANKS WITH BRANCHES IN FOREIGN
COUNTRIES FROM PROVISIONS OF REGULATION III
UNDER CERTAIN CONDITIONS
Approved by the Board of Directors on December 1 7 ,193 6 .
“ W H E R E A S , Paragraph (12), subsection (c) of section 12B of the Federal
Reserve Act, as amended, in defining the term ‘deposit* excludes those obligations
of a bank which are payable only at an office of a bank outside of the United States;
and




FEDERAL DEPOSIT INSURANCE CORPORATION

86

“ W H E R E A S , Some banks maintaining branches in foreign countries desire to
advertise but do not desire to include the official advertising statement in such
advertisements in view of the fact that the deposits in such branches are not insured;
“ N O W T H E R E F O R E BE IT R E S O L V E D , That Regulation III shall not
apply to those advertisements of banks which maintain offices in foreign countries
in which the deposits are not insured, when such advertisements are published in
foreign countries.”

PAYMENT OF DEPOSITS AND INTEREST THEREON BY INSURED
BANKS NOT MEMBERS OF THE FEDERAL RESERVE SYSTEM
R E G U L A T IO N IV

A s Amended February 10, 1937 , to be Effective February 11, 1937,
Superseding Regulation I V as Amended January 23,1936
A

u t h o r it y

for

and

Scope

of

R

e g u l a t io n

This regulation is issued under authority of paragraph (8), subsection (v) of sec­
tion 12B of the Federal Reserve Act, as amended, which is published in the Appendix
hereto.
This regulation relates to the payment of deposits and interest thereon by insured
nonmember banks. This regulation is not applicable to banks which are members
of the Federal Reserve System. Regulation Q, prescribed by the Board of Gover­
nors of the Federal Reserve System for banks which are members of that System, is
not applicable to insured banks which are not members of the Federal Reserve
System, except to the extent that the State law of a particular State provides other­
wise.
The provisions of this regulation do not apply to any deposit in a bank located
outside of or payable only at a bank’s office which is located outside of the States of
the United States and the District of Columbia.
S e c t io n

1

Definitions
(a) Demand deposits. The term “ demand deposit” includes every deposit which
is not a “ time deposit” or “ savings deposit,” as defined below.
(b) Time deposits. The term “ time deposits” means “ time certificates of deposit”
and “ time deposits, open account,” as defined below.
(c) Time certificates of deposit. The term “ time certificate of deposit” means a
deposit evidenced by a negotiable or non-negotiable instrument which provides on
its face that the amount of such deposit is payable:
(1) On a certain date, specified in the instrument, not less than 30 days after the
date of the deposit; or
(2) A t the expiration of a specified period not less than 30 days after the date of
the instrument; or
(3) Upon written notice to be given not less than 30 days before the date of
repayment.1
(d) Time deposits, open account. The term “ time deposit, open account” means
a deposit, other than a “ time certificate of deposit” or a “ savings deposit,” with
respect to which there is in force a written contract with the depositor that neither
the whole nor any part of such deposit may be withdrawn, by check or otherwise,
prior to the date of maturity, which shall be not less than 30 days after the date of
the deposit,2 or prior to the expiration of the period of notice which must be given
by the depositor in writing not less than 30 days in advance of withdrawals.3
*If the certificate of deposit provides merely that the bank reserves the right to require notice of not
less than 30 days before any withdrawal is made, the bank must require such notice before permitting
withdrawal.
2Deposits, such as Christmas club accounts and vacation club accounts, which are made under
written contracts providing that no withdrawal shall be made until a certain number of periodic deposits
have been made during a period of not less than 3 months, constitute “ time deposits, open account” even
though some of the deposits are made within 30 days from the end of such period.
*[f a deposit be made with respect to which the bank merely reserves the right to require notice of
not less than 30 days before withdrawal is made, the bank must require such notice to be given before
permitting withdrawal.




REGULATIONS

87

(e)
Savings deposits. The term “ savings deposit” means a deposit evidenced by
a pass book consisting of funds (i) deposited to the credit of one or more individuals
or of a corporation, association or other organization operated primarily for religious,
philanthropic, charitable, educational, fraternal, or other similar purposes and not
operated for profit,4 or (ii) in which the entire beneficial interest is held by one or more
individuals or by such a corporation, association or other organization and in
respect to which—
(1) The depositor is required, or may at any time be required, by the bank to
give notice in writing of an intended withdrawal not less than 30 days before
such withdrawal is made; or the bank consistently continues to adhere to a
practice existing prior to January 23, 1936, of requiring notice of at least
15 days before permitting withdrawal;
(2) Withdrawals are permitted in only two ways, either (A ) upon presentation
of the pass book, through payment to the person presenting the pass book,
or (B ) without presentation of the pass book, through payment to the de­
positor himself but not to any other person, whether or not acting for the
depositor.5
The provisions of (i) and (ii) of this subsection (e), limiting savings deposits to
funds of certain classes of persons shall not be applicable to deposits received and
credited on or before February 1, 1936, to accounts evidenced by pass books in
insured nonmember banks and these deposits, together with interest subsequently
payable on such deposits, less any withdrawals from such accounts, may be classed
by insured nonmember banks as savings deposits under the terms of this subsection,
even though such deposits belong to an association, organization or corporation
organized for profit. The said provisions of (i) and (ii), however, shall be applicable
to deposits received subsequently to February 1, 1936, whether or not such deposits
are credited to an account existing prior to February 1, 1936.
The presentation by any officer, agent or employee of the bank of a pass book or a
duplicate thereof retained by the bank or by any of its officers, agents or employees
is not a presentation of the pass book within the meaning of this regulation except
where the pass book is held by the bank as a part of an estate of which the bank is a
trustee or other fiduciary, or where the pass book is held by the bank as security for
a loan. If a pass book is retained by the bank, it may not be delivered to any person
other than the depositor for the purpose of enabling such person to present the pass
book in order to make a withdrawal, although the bank may deliver the pass book
to a duly authorized agent of the depositor for transmittal to the depositor.
Every withdrawal made upon presentation of a pass book shall be entered in the
pass book at the time of the withdrawal, and every other withdrawal shall be
entered in the pass book as soon as practicable after the withdrawal is made.
S e c t io n 2

Demand Deposits
(a) Interest prohibited. Except as hereinafter provided, no insured non­
member bank shall directly or indirectly, by any device whatsoever, pay any interest
on any demand deposit. Within this regulation any payment to or for the account
of any depositor as compensation for the use of funds constituting a deposit shall be
considered interest.
(b) Exceptions. The prohibition stated in subsection (a) above does not apply
to—
(1) Payment of interest accruing before August 24,1937, on any deposit made by
a “ savings bank” 6 as defined in section 12B of the Federal Reserve Act, as
amended, or by a mutual savings bank;
(2) Payment of interest accruing before August 24, 1937, on any deposit of
public funds7 made by or on behalf of any State, county, school district, or
4
Deposits in joint accounts of two or more individuals may be classified as savings deposits if they
meet the other requirements of the above definition, but deposits of a partnership operated for profit
m ay not be so classified. Deposits to the credit of an individual of funds in which any beneficial interest
is held b y a corporation, partnership, association or other organization operated for profit or not operated
primarily for religious, philanthropic, charitable, educational, fraternal, or other similar purposes may
not be classified as savings deposits.
Presentation of a pass book m ay be made over the counter or through the mails; and payment may
be made over the counter, through the mails or otherwise, subject to the limitations of paragraph (2),
subsection (e), section 1 as to the person to whom such payment may be made.
6
Section 12B (c) (7) of the Federal Reserve A ct which defines the term “ savings bank” is quoted in
the Appendix hereto.
’ Deposits of moneys paid into State courts b y private parties pending the outcome of litigation are
not deposits of “ public funds,” within the meaning of the above provision.




88

FEDERAL DEPOSIT INSURANCE CORPORATION
other subdivision or municipality, or on any deposit of trust funds, if the
payment of interest with respect to such deposit of public funds or of trust
funds is required by State law when such deposits are made in State banks;

(3)

Payment of interest in accordance with the terms of any certificate of deposit
or other contract which was lawfully entered into in good faith before
February 1, 1936, (or, if the bank became an insured nonmember bank there­
after, before the date upon which it became an insured nonmember bank),
which was in force on such date, and which may not legally be terminated
or modified by such bank at its option and without liability; but no such
certificate of deposit or other contract may be renewed or extended unless
it be modified to eliminate any provision for the payment of interest on
demand deposits, arid every insured nonmember bank shall take such action
as may be necessary, as soon as possible consistently with its contractual
obligations, to eliminate from any such certificate of deposit or other contract
any provision for the payment of interest on demand deposits.

(c) Deposits in “ savings banks” 6 in specifically designated deposit accounts with
respect to which withdrawal by checking is permitted in accordance with paragraph
(7), subsection (c), section 12B of the Federal Reserve Act, as amended, shall for
the purposes of this regulation be classed as demand deposits.
S e c t io n 3

Maximum Rate of Interest on Time and Savings Deposits
(a) M axim um rate prescribed from time to tim e. Except in accordance
with the provisions of this regulation, no insured nonmember bank shall pay interest
on any time deposit or savings deposit in any manner, directly or indirectly, or by
any method, practice, or device whatsoever. No insured nonmember bank shall
pay interest on any time deposit or savings deposit at a rate in excess of such ap­
plicable maximum rate as the Board of Directors of the Federal Deposit Insurance
Corporation shall prescribe from time to time; and any rate or rates w hich may be
T
so prescribed by the Board will be set forth in supplements to this regulation, which
will be issued in advance of the date upon which such rate or rates become effective.
(b) Modification of contracts to conform to regulation. N o certificate of de­
posit or other contract shall be renewed or extended unless it be modified to conform
to the provisions of this regulation, and every insured nonmember bank shall take
such action as may be necessary, as soon as possible consistently with its contractual
obligations, to bring all of its outstanding certificates of deposit or other contracts
into conformity with the provisions of this regulation.
(c) Savings deposits received during first five days of m onth. An insured
nonmember bank may pay interest on a savings deposit received during the first
five days of any calendar month at the applicable maximum rate prescribed
pursuant to the provisions of subsection (a) of this section, calculated from the first
day of such calendar month until such deposit is withdrawn or ceases to constitute
a savings deposit under the provisions of this regulation, whichever shall first occur.
(d) Continuance of time deposit status. A deposit which was a time deposit
at the date of deposit continues to be such until maturity although it has become
payable within 30 days, and interest at a rate not exceeding that prescribed pursuant
to the provisions of subsection (a) of this section may be paid until maturity upon
such deposit. A time deposit or a savings deposit, with respect to which notice of
withdrawal has been given, continues to be such until the expiration of the period
of such notice, and interest may be paid upon such deposit until the expiration of
the period of such notice at a rate not exceeding that prescribed pursuant to the
provisions of subsection (a) of this section. Interest at a rate not exceeding that
prescribed pursuant to the provisions of subsection (a) of this section may be paid
upon savings deposits with respect to which notice of intended withdrawal has not
actually been required or given. No interest shall be paid by an insured nonmember
bank on any amount which by the terms of any certificate or other contract, or
agreement, or otherwise, the bank may be required to pay within 30 days from the
date on which such amount is deposited in such bank,8 except as to savings deposits
with respect to which the bank consistently continues to adhere to a practice existing
prior to January 23, 1936, of requiring notice of at least 15 days before permitting
withdrawal.
(e)

No

interest

after

maturity or expiration of notice.

Exception.

N o interest shall be paid on any time or savings deposit for any period subsequent




REGULATIONS

89

to maturity, whether such deposit matures by its terms on a specific date or at the
expiration of a notice period pursuant to written notice actually given, except if a
time certificate is renewed within 10 days after maturity, the renewal certificate9
may draw interest from the maturity date of the matured certificate.
S e c t io n 4

Payment of Time Deposits before Maturity
(a) Tim e deposits payable on a specified date. No insured nonmember bank
shall pay any time deposit, which is payable on a specified date, before such specified
date, except as provided in subsection (d) of this section.
(b) Time deposits payable after a specified period. No insured nonmember
bank shall pay any time deposit, which is payable at the expiration of a specified
period, before such period has expired, except as provided in subsection (d) of this
section.
(c) Time deposits payable after a specified notice. No insured nonmember
bank shall pay any time deposit, with respect to which notice is required to be given
a specified period before any withdrawal is made, until such required notice has
been given and the specified period thereafter has expired, except as provided in
subsection (d) of this section.
(d) Loans upon security of time deposits. An insured nonmember bank
may make a loan to the depositor upon the security of his time deposit, provided
that the rate of interest on such loan shall be not less than 2 percent per annum in
excess of the rate of interest on the time deposit.
Where a loan to the depositor upon the security of his time deposit upon terms
satisfactory to the insured nonmember bank and the depositor cannot be arranged,
and where the depositor signs a written statement to be kept in the files of the bank
that he is in need of money represented by the time deposit before the maturity
thereof, stating the definite amount needed, the time deposit may be paid before
maturity to the extent required to meet such need, but the depositor shall forfeit
accrued and unpaid interest for a period of not less than three months on the amount
withdrawn. When a portion of a time certificate of deposit is paid before maturity,
the certificate shall be cancelled and a new certificate shall be issued for the unpaid
portion of the deposit, with the same terms, rate, date and maturity as the original
deposit.
S e c t io n 5

Notice of Withdrawal of Savings Deposits
(a) Requirements regarding notice. An insured nonmember bank shall
observe the requirements set forth as follows in requiring notice of intended with­
drawal of any savings deposit or part thereof or in permitting withdrawal without
requiring such notice:
(1) If an insured nonmember bank pay any amount or percentage of the savings
deposits of any depositor without requiring such notice, it shall, upon request,
and without requiring such notice, pay the same amount or percentage, of
the savings deposits of every other depositor, subject to the same notice
requirement, except if the bank changes its practice in accordance with
subsection (b) of this section.
(2) If an insured nonmember bank requires such notice before the payment of
any amount or percentage of the savings deposits of any depositor, it shall
require such notice before the payment of the same amount or percentage of
the savings deposits of any other depositor, subject to the same notice
requirement, except if the bank changes its practice in accordance with
subsection (b) of this section.
Even though the bank’s practice is to require notice, an insured nonmember bank
is not prevented by this regulation from paying during the next succeeding interest
period without requiring notice of withdrawal interest on a savings deposit which
has accrued during the preceding interest period.
(b) Requirements regarding change of practice. N o insured nonmember
bank shall change its practice with respect to the requiring or not requiring of notice
8Deposits, such as Christmas club accounts and vacation club accounts, which are made under
written contracts providing that no withdrawal shall be made until a certain number of periodic deposits
have been made during a period of not less than 3 months, constitute “ time deposits, open accounts”
even though some of the deposits are made within 30 days from the end of such period.
9Where a time certificate is renewed within 10 days after maturity, the renewal certificate m ay be
dated back to the maturity date of the matured certificate.




90

FEDERAL DEPOSIT INSURANCE CORPORATION

of intended withdrawal of savings deposits, except after duly recorded action of its
board of directors or of its executive committee properly authorized, and no practice
in this respect shall be adopted which does not conform to the requirements of
paragraphs (1) and (2) of this section.
(c) Change of practice for purpose of discrimination. No change in the
practice of an insured nonmember bank with respect to the requiring or not re­
quiring of notice of intended withdrawal of savings deposits shall be made for the
purpose of discriminating in favor of or against any particular depositor or depositors.
(d) Requirements applicable although no interest paid. An insured non­
member bank shall observe the requirements of this section with respect to savings
deposits even though no interest be paid on such deposits.
(e) Loans upon security of savings deposits. An insured nonmember bank
may make a loan to any of its depositors upon the security of his savings deposits,
provided that if the bank’s practice is to require notice before permitting with­
drawal of any amount or percentage of the savings deposits of any depositor, it shall
require like notice before permitting a loan on the security of the same amount or
percentage of such deposits.
A p p e n d ix

Statutory Provisions
Paragraph (8), subsection (v) of section 12B of the Federal Reserve Act, as
amended, provides as follows:
(8)
The board of directors shall by regulation prohibit the payment of interest
on demand deposits in insured nonmember banks and for such purpose it may
define the term “ demand deposits” ; but such exceptions from this prohibition
shall be made as are now or may hereafter be prescribed with respect to de­
posits payable on demand in member banks by section 19 of this Act, as amended,
or by regulation of the Board of Governors of the Federal Reserve System.
The board of directors shall from time to time limit by regulation the rates of
interest or dividends which may be paid by insured nonmember banks on
time and savings deposits, but such regulations shall be consistent with the
contractual obligations of such banks to their depositors. For the purpose of
fixing such rates of interest or dividends, the board of directors shall by regula­
tion prescribe different rates for such payment on time and savings deposits
having different maturities, or subject to different conditions respecting with­
drawal or repayment, or subject to different conditions by reason of different
locations, or according to the varying discount rates of members banks in the
several Federal Reserve districts. The board of directors shall by regulation
define what constitutes time and savings deposits in an insured nonmember
bank. Such regulations shall prohibit any insured nonmember bank from
paying any time deposit before its maturity except upon such conditions and in
accordance with such rules and regulations as may be prescribed by the board
of directors, and from waiving any requirement of notice before payment of any
savings deposit except as to all savings deposits having the same requirement.
For each violation of any provision of this paragraph or any lawful provision of
such regulations relating to the payment of interest or dividends on deposits or
to withdrawal of deposits, the offending bank shall be subject to a penalty of
not more than $100, recoverable by the Corporation for its use.

Paragraph (7), subsection (c) of section 12B of the Federal Reserve Act, as
amended, provides as follows:
(c)

As used in this section—
(7) The term “ savings bank” means a bank (other than a mutual savings
bank) which transacts its ordinary banking business strictly as a savings bank
under State laws imposing special requirements on such banks governing the
manner of investing their funds and of conducting their business: Provided ,
That the bank maintains, until maturity date or until withdrawn, all deposits
made with it (other than funds held by it in a fiduciary capacity) as time savings
deposits of the specific term type or of the type where the right is reserved to
the bank to require written notice before permitting withdrawal: Provided
further, That such bank to be considered a savings bank must elect to become
subject to regulations of the Corporation with respect to the redeposit of matur­
ing deposits and prohibiting withdrawal of deposits by checking except in
cases where such withdrawal is permitted by law on the effective date from
specifically designated deposit accounts totaling not more than 15 percentum
of the bank’s total deposits.




REGULATIONS

91

SUPPLEMENT TO REGULATION IV
Issued by the Board of Directors of the Federal Deposit Insurance Corporation
Effective February 1 , 1936
M A X IM U M R A T E S OF IN T E R E ST PA Y A B LE ON T IM E AND SA V IN G S D E P O S IT S B Y
IN SU R ED N O N M E M B E R B AN KS

Pursuant to the provisions of paragraph (8), subsection (v), section 12B of the
Federal Reserve Act, as amended, and section 3 of its Regulation IV , the Board of
Directors of the Federal Deposit Insurance Corporation hereby prescribes the
following maximum rates1 of interest payable by insured nonmember banks on time
and savings deposits:
(1) M a x im u m rate of
percent. No insured nonmember bank shall pay
interest accruing after February 1,1936, at a rate in excess of 2 H percent per annum,
compounded quarterly,2 regardless of the basis upon which such interest may be
computed,—
(a) On any savings deposit,
(b ) On any time deposit having a maturity date six months or more after the
date of deposit or payable upon written notice of six months or more,
(c) On any postal savings deposit which constitutes a time deposit,
except that an insured nonmember bank may pay interest on any such deposits in
accordance with the terms of any certificate of deposit or other contract which was
entered into before February 1,1936, (or, if the bank becomes an insured nonmember
bank thereafter, before the date upon which it becomes an insured nonmember bank)
which was in force on such date and which may not legally be terminated or modified
by such bank at its option and without liability.
(2) M axim um rate of 2 percent. No insured nonmember bank shall pay
interest accruing after February 1, 1936, at a rate in excess of 2 percent per annum,
compounded quarterly, regardless of the basis upon which such interest may be
computed,—
(a) On any time deposit (except postal savings deposits which constitute time
deposits) having a maturity date less than six months and not less than
ninety days after the date of deposit or which is originally or becomes payable
upon written notice of less than six months and not less than ninety days,
except that an insured nonmember bank may pay interest on such deposits in ac­
cordance with the terms of any certificate of deposit or other contract which was
entered into before February 1, 1936, (or, if the bank becomes an insured nonmem­
ber bank thereafter, before the date upon which it becomes an insured nonmember
bank) which was in force on such date and which may not legally be terminated or
modified by such bank at its option and without liability.
(3) M axim um rate of 1 percent. N o insured nonmember bank shall pay
interest accruing after February 1, 1936, at a rate in excess of 1 percent per annum,
compounded quarterly, regardless of the basis upon which such interest may be
computed,—
(a) On any time deposit (except postal savings deposits which constitute time
deposits) having a maturity date less than ninety days after the date of
deposit or which is originally or becomes payable upon written notice of less
than ninety days,
except that an insured nonmember bank may pay interest on such deposits in
accordance with the terms of any certificate of deposit or other contract which was
entered into before February 1, 1936, (or, if the bank becomes an insured non­
member bank thereafter, before the date upon which it becomes an insured non­
member bank) which was in force on such date and which may not legally be ter­
minated or modified by such bank at its option and without liability.
(4) Banks which on January 23,1936, have outstanding certificates of indefinite
maturities representing deposit liabilities drawing interest as savings deposits must
within one year from February 1,1936, discontinue to pay thereon the rate applicable
hereunder to savings deposits unless meanwhile the same be converted into savings
deposits as defined in this regulation.
!The maximum rates of interest payable by insured nonmember banks on time and savings deposits
as prescribed herein are not applicable to any deposit which is payable only at an insured nonmember
bank or at an office of an insured nonmember bank located outside of the States of the United States
and the District of Columbia.
aThis limitation is not to be interpreted as preventing the compounding of interest at other than quar­
terly intervals, provided that the aggregate amount of such interest so compounded does not exceed the
aggregate amount of interest at the rate above prescribed when compounded quarterly.




92

FEDERAL DEPOSIT INSURANCE CORPORATION

RULES RELATING TO THE PAYMENT OF ASSESSMENTS BY BANKS
WHOSE INSURED STATUS HAS TERMINATED
Approved by the Board of Directors on June 11, 1936
R ule 1
Where the insured status of a bank is terminated under the provisions of para­
graph (1) of subsection (i), (of section 12B of the Federal Reserve Act, as amended,)
the bank shall continue to furnish certified statements and pay assessments as though
the insured status had not terminated and where the assessment to be paid on any
certified statement required to be filed will cover a period extending beyond two
years from the date of termination, the assessment to be paid on such certified state­
ments shall be prorated to cover only such portion of the assessment period as falls
within the two year period from the date of termination.
R ule 2
If a bank whose insured status has been terminated under paragraphs (1) or (2)
of subsection (i), (of section 12B of the Federal Reserve Act, as amended,) makes
application to the Corporation, before the insurance of its deposits shall have ceased,
to be permitted to continue or to resume its status as an insured bank and if the
directors grant the application, the bank will be deemed, for assessment purposes, to
continue as an insured bank and must thereafter furnish certified statements and
pay assessments as though its insured status had not been terminated.
R ule 3
The deposit liabilities of one bank, if assumed by a second bank, will, except to
the extent that depositors of the first bank by affirmative action signify their
express intention to hold the first bank liable as debtor, be presumed for assessment
purposes to cease being deposit liabilities of the first bank on the date the assumption
becomes effective and be presumed for assessment purposes to become deposit
liabilities of the second bank on the same date.
R ule 4
Where the deposits of an insured bank are assumed by a new insured bank and
where the terms of the assumption or conditions upon which the new bank becomes
insured are such that the new bank is required to report in its certified statement
the entire deposit liability assumed by it as its deposit liability for assessment
purposes, the payment of assessments upon such certified statement by the new
bank shall be deemed payment of the continuing obligation of the terminating bank,
provided the requisite notice of assumption be given to depositors.
R ule 4 -A
Upon the written consent and direction of the terminating bank, the Corporation
will credit toward the payment of the first assessment of the new bank the prorated
portion of the assessment previously paid by the terminating bank, calculated upon
the average deposits of the terminating bank for the last thirty-one days of its
operation; provided that if this average be higher than the assessment base upon
which its last assessment was paid, the latter base shall be used.
R ule 5
Where the deposit liabilities of one insured bank are assumed by an operating
insured bank which previously had paid its assessment for the current period and
where the terms of the assumption are such, or the obligation of the assuming bank
is such, that the assuming bank is required to certify, or does certify, as a basis for
its next semi-annual assessment the combined deposit liability of the terminating
bank and its own deposit liability in arriving at the average deposits for assessment
purposes, the payment of assessments upon such certified statement by the as­
suming bank shall be deemed payment of the continuing obligation of the terminat­
ing bank, provided the requisite notice of assumption be given to depositors.




REGULATIONS

93

FORMS AND INSTRUCTIONS
INSTRUCTIONS FOR PREPARATION OF FORM 89
SUM M ARY OF DEPOSITS AT CLOSE OF BUSINESS M AY 13, 1936
A. Number of accounts.— The bank is asked to report for each type of deposits
(a) the total number of deposit accounts, (b) the number of accounts with
balances of over $5,000, and (c) the number of accounts with balances of
$5,000 or less. For the purpose of this report, kindly note that:
1.

Accounts of exactly $5,000 are included in accounts of $5,000 or less.

2.

The number of dormant and inactive accounts is to be included in
number of accounts.

3.

Do not combine accounts. Each account standing to the credit of a
depositor, whether or not in the same capacity and the same right, is to
be considered a separate account.

4.

Each outstanding certificate of deposit, letter of credit sold for cash,
draft, certified and officers’ check is to be considered a separate account.
All travelers’ checks outstanding in the name of an individual should be
combined and reported as one account.

5.

As shown in the records of the trust department, the uninvested trust
funds of each separate trust estate of which the bank is the fiduciary
should be considered as a separate account. If desired the principal
balance and the income balance may each be reported separately.

B. Deposits.— The bank is also requested to report for each type of deposits (a)
the total amount of deposit balances, (b) the sum of balances in accounts of
over $5,000, and (c) the sum of balances in accounts of $5,000 or less.
The deposit classifications correspond with the usual ledger and condition
report items, with the exception of item 3, which is found only in banks having
trust powers and which is computed from records of the trust department;
item 5, which is to be determined by you as of M ay 13, 1936; and item 8,
which is to be reported in accordance with Regulation I.
The total liability for deposits reported on Form 89 should agree with the
figure of total deposits reported for M ay 13, 1936, in Column A of F D I C
Form 555, Tabulation of Assessment Base.
C. Suggested procedure.— Records and the manner of keeping them vary among
different banks. Each bank can judge what method of preparing the data
is best adapted to its particular types of records.
The following procedure is suggested as a method which will produce the
information requested with a minimum of work to the bank:
1.

Run a trial balance of deposit ledgers and of records of certificates,
obtaining total amount of deposits under each type of deposit requested.

2.

From the adding machine tapes run a sum of the deposits in accounts
of over $5,000 in each type of deposit.

3.

Subtract the amounts obtained in 2 from the totals in 1 to obtain the
amount of deposits in accounts of $5,000 or less in each type of deposit.

4.

The number of accounts may be found by marking off the space re­
quired for listing one hundred accounts on an adding machine tape and
by using this as a measure on all of the tapes on which the deposit
accounts have been listed.

D. Banks operating branches.— Banks operating branches are requested to submit
a separate report for each office or branch in operation on M ay 13, 1936, as
well as a combined report for the bank as a whole.




ZD
DUPLICATE

Bank may retain this copy
T h e F e d e r a l D eposit In su ran ce C orp o ra tio n
S U M M A R Y OF D E P O S IT S

A t close of business M ay 13, 1936
(Name of bank)

T Y P E OF D EP O SITS
Total

Over $5,000

Total

$5,000 or less

1. U . S. Government and postal savings deposits

|Cts

1

In accounts of
over $5,000
|Cts
Dollars

i

1

2. Public funds of States and other political subdivisions
3. Uninvested trust funds
(as recorded in trust department)

5. Outstanding drafts
6. Demand deposits of individuals, partnerships, and
corporations
(exclusive of uninvested trust funds)

1

CORPORATION

7. Savings deposits and time deposits of individuals,
partnerships, and corporations
(exclusive of uninvested trust funds)
8. Other items included in Column A Form 555
(such as letters of credit issued for cash; certified
officers’ and travelers’ checks outstanding and Fed­
eral Reserve deferred credit account)

9. Total
(amount of deposits should agree with Column A
Form 555)
M e morandum :
Uninvested trust funds deposited in own bank
(included in item 3 above).




1

INSURANCE

4. Deposits of foreign and domestic banks

Form 89
Statistical
Federal Deposit Insurance
Corporation

In accounts of
$5,000 or less
Dollars
|Cts

DEPOSIT

Dollars

FEDERAL

A mount of D eposits

N um ber op A ccounts

The above statement is correct to the best of my knowledge and
(Cashier or President)

PART FIVE
STATISTICS OF BANKS AND DEPOSIT INSURANCE







97

NUMBER OF BANKING OFFICES

N

ote

R

e g a r d in g

N

um ber and

B

C l a s s if ic a t io n

a n k in g

of

O p e r a t in g

B

anks

and

O f f ic e s

Classification of banks and banking offices
In s u r e d b a n k s include all banks insured by the Federal Deposit Insurance
Corporation; n o n in s u r e d b a n k s include all banks not so insured.
C o m m e r c ia l b a n k s include the following categories of banks:

All operating national banks;
All incorporated State banks, trust companies, and bank and trust companies,
regularly engaged in the business of receiving deposits, whether demand or
time, except mutual savings banks and, in New Hampshire, guaranty savings
banks;
All stock savings banks,
Hampshire;

excluding

guaranty

savings banks in New

Banks in conservatorship or operating under restrictions, provided they are
authorized to and in fact do accept new deposits, regardless of the character of
the restrictions imposed on the operations of the bank;
Such industrial and Morris Plan banks as operate under general banking
codes or operate under the same codes of law as insured industrial banks;
Branches of foreign banks which engage in a general deposit business;
Cash depositories;
Private banks under State supervision, and such other private banks as are
reported by reliable unofficial sources to be engaged in deposit banking;
All insured trust companies, even though not engaged in regular deposit
banking;
Chief office in each of the possessions of branches of American and foreign
banks engaged in a general deposit business in those possessions.
M u t u a l sa v in g s banks include all banks operating under special State banking
codes applying to mutual savings banks, including all guaranty savings banks in
New Hampshire. The classification of mutual savings banks conforms with that
adopted by the Board of Governors of the Federal Reserve System except for one
bank classified as a mutual savings bank by that Board which is insured and classified
by the Federal Deposit Insurance Corporation as a commercial bank. Inclusion of
banks in the tables as mutual savings banks does not indicate that they are eligible in
every case for insurance as mutual savings banks by the Federal Deposit Insurance
Corporation.
B r a n c h e s or addition al offices include all offices of banks operating more than
one office, other than head offices, at which deposits are received or checks cashed,
and all offices of insured trust companies not engaged in deposit banking. The term
b r a n c h e s or additional offices is used in accordance with the definition in para­
graph (15), subsection (c) of section 12B of the Federal Reserve Act, which is
as follows:

“ The term ‘branch' includes any branch bank, branch office, branch agency,
additional office, or any branch place of business located in any State of the
United States or in Hawaii, Alaska, Puerto Rico, or the Virgin Islands at which
deposits are received or checks paid or money lent.”




98

FEDERAL DEPOSIT INSURANCE CORPORATION
In stitu tio n s excluded fro m the n u m b e r of banks

Figures for operating banks do not include institutions in the following categories,
though such institutions may perform many of the same functions as banks:
Banks which have suspended operations or have decided to close up their
affairs, and have ceased to accept new deposits and are proceeding to liquidate
their assets and pay off existing deposits, regardless of the amount of deposit
liability still remaining and regardless of whether they are listed among operat­
ing banks or included in abstracts of condition of banks published by State bank­
ing authorities;
Building and loan associations, savings and loan associations, credit unions,
personal loan companies, and similar institutions, operating under special laws
applying to such institutions or under general incorporation laws, regardless of
whether such institutions are authorized to accept deposits from the public or
from their members and regardless of whether such institutions are called
“ banks” ;
Noninsured Morris Plan companies, industrial banks, loan and investment
companies, and similar institutions, not operating under general State banking
codes, or under the same codes of law as similar institutions which have been
admitted to insurance;
Noninsured trust companies not engaged in receiving deposits from the
general public, regardless of whether they are listed among banks or included
in abstracts of condition of banks published by State banking authorities;
Branches of foreign banks, and of private banks, which confine their business
to foreign exchange dealings and do not receive “ deposits” as that term is
com m on ly understood;

A few special institutions chartered under general banking laws, but operating
as mortgage or investment companies and not engaged in deposit banking;
Federal Reserve banks and other banks, such as the Savings and Loan Bank
of the State of New York, which operate as rediscount banks and do not accept
deposits from the general public.

Revision of figures for Decem ber 31, 1935

Figures regarding the number of banks and of banking offices for December 31,
1935, have been revised since publication of the Annual Report of the Federal
Deposit Insurance Corporation for the year ending December, 31,1935. The revis­
ions made are shown below.
N u m b e r o f in s u r e d b a n k s n o t m e m b e r s o f th e F e d e ra l R e se iv e S y s t e m .

Revised to include one Deposit Insurance National Bank authorized to accept
deposits.

Number of branches of insured banks. Revised (a) to include 9 branches of
national banks, 2 branches of State banks not members of the Federal Reserve
System, and 13 branches of insured banks not members of the Federal Reserve System
not previously reported by the banks operating them; (b) to include 3 offices of
national banks and 1 office of a State bank member of the Federal Reserve System
not previously considered to be “ branches” ; and (c) to exclude 1 branch of a national
bank discontinued during 1935 but not reported until later.




NUMBER OF BANKING OFFICES

99

N u m b e r o f n o n in s u r e d b a n k s .
Revised (a) to include 37 banks in conser­
vatorship or operating under restrictions; (b) to include 105 private banks not under
State supervision which are engaged in deposit banking; and (c) otherwise to adjust
the number in conformity with the definitions and criteria set forth above.
N u m b e r o f b r a n c h e s o f n o n in s u r e d b a n k s .
Revised to include a number of
branches, chiefly in the possessions, not previously counted, and to adjust the num­
ber in conformity with the definitions and criteria of banks set forth above.
N u m b e r o f b a n k s o p e r a tin g m o r e t h a n o n e o ffice .

accordance with revisions in the number of branches.




Revised as necessary in

100

FEDERAL DEPOSIT INSURANCE CORPORATION
NUMBER OF BANKING OFFICES

T a b le 101.

N u m b e r AND CLASSIFICATION OP OPERATIN G B A N K S AND B A N K IN G
O f f i c e s , D e c e m b e r 31, 1935, a n d D e c e m b e r 31, 19361

United States
including possessions

United States
excluding possessions

Dec. 31,
1936

Dec. 31,
19352

Net
change

Dec. 31,
1936

D ec. 31, i Net
19352 change

A ll b a n k in g o ffice s — t o t a l ............................
Insured..............................................................
N oninsured.......................................................

19,203
17,297
1,906

19,312
17,328
1,984

-109
-31
-78

19,109
17,290
1,819

19,218
17,324
1,894

-109
- 34
- 75

A ll b an k s— t o t a l ...............................................
Insured..............................................................
N oninsured.......................................................

15,714
14,029
1,685

15,940
14,182
1,758

-226
-153
-73

15,679
14,025
1,654

15,904
14,179
1,725

-225
-154
-71

A ll b ra n ch e s or a d d itio n a l o ffic e s ............
Insured..............................................................
N oninsured.......................................................

3,489
3,268
221

3,372
3,146
226

+ 117
+ 122
-5

3,430
3,265
165

3,314
3,145
169

+116
+120
-4

B a n k in g offices— t o t a l ..................................
Insured— tota l.................................................
Members F. R. System: na tion a l.........
Members F. R. System: S ta te ...............
N ot members F. R. System .....................
Noninsured.......................................................

18,516
17,234
6,733
2,034
8,467
1,282

18,622
17,265
6,724
1,956
8,585
1,357

-106
-31
+9
+ 78
-118
-75

18,422
17,227
6,733
2,034
8,460
1,195

18,528
17,261
6,724
1,956
8,581
1,267

-106
-34
+9
+ 78
-121
-72

B anks— t o t a l .....................................................
Insured— to ta l.................................................
Members F. R. System: national..........
Members F. R. System: S tate...............
N ot members F. R . System .....................
Noninsured.......................................................

15,151
13,973
5,325
1,051
7,597
1,178

15,374
14,126
5,386
1,001
7,739
1,248

-223
-153
-61
+ 50
-142
-70

15,116
13,969
5,325
1,051
7,593
1,147

15,338
14,123
5,386
1,001
7,736
1,215

-222
-154
-61
+50
-143
-68

U n it b an k s— t o t a l ...........................................
Insured— to ta l.................................................
Members F. R. System: national...........
Members F. R. System: State...............
N ot members F. R. System .....................
N oninsured......................................................

14,257
13,119
5,128
898
7,093
1,138

14,518
13,312
5,198
856
7,258
1,206

-261
-193
-70
+42
-165
-68

14,233
13,117
5,128
898
7,091
1,116

14,494
13,310
5,198
856
7,256
1,184

-261
-193
-70
+42
-165
-68

B an ks o p e ra tin g m o r e th a n o n e office—
t o t a l ..............................................................
Insured— to ta l.................................................
Members F. R. System: national..........
Members F. R. System: S tate...............
N ot members F. R. System .....................
N oninsured.......................................................

894
854
197
153
504
40

856
814
188
145
481
42

+38
+40
+9
+8
+23
-2

883
852
197
153
502
31

844
813
188
145
480
31

+39
+39
+9
+8
+22

B ra n ch es o r a d d itio n a l offices— t o t a l . . .
Insured— to ta l.................................................
Members F. R . System: national..........
Members F. R . System: S tate...............
N ot members F. R . System .....................
Noninsured.......................................................

3,365
3,261
1,408
983
870
104

3,248
3,139
1,338
955
846
109

+11 7
+ 12 2
+ 70
+28
+24
-5

3,306
3,258
1,408
983
867
48

3,190
3,138
1,338
955
845
52

+ 116
+ 12 0
+70
+28
+22
-4

A ll o ffices o f b a n k s o p e ra tin g m o re th a n
o n e o ffice — t o t a l ......................................
Insured— to ta l.................................................
Members F. R. System: national...........
Members F. R. System: S tate...............
N ot members F. R . System .....................
Noninsured.......................................................

4,259
4,115
1,605
1,136
1,374
144

4,104
3,953
1,526
1,100
1,327
151

+ 155
+ 162
+79
+36
+47
-7

4,189
4,110
1,605
1,136
1,369
79

4,034
3,951
1,526
1,100
1,325
83

+ 15 5
+ 159
+ 79
+36
+44
-4

A L L B A N K S A N D B A N K IN G OFFICES

C O M M E R C IA L B AN K S




101

NUMBER OF BANKING OFFICES
T a b le 101.

N u m b e r an d C l a s s i f i c a t i o n o f O p e r a tin g B a n k s an d B a n k in g

O f f i c e s , D e c e m b e r 31, 1935, a n d D e c e m b e r 31, 19361 Continued
—

United States
including possessions
Dec. 31, Dec. 31,
1936
19352

United States
excluding possessions

N et
change

Dec. 31, Dec. 31,
1935’
1936

N et
change

m u t u a l s a y in g s b a n k s

687
63
624

690
63
627

B an ks— t o t a l3 ...................................................
Insured..............................................................
Noninsured.......................................................

563
56
507

566
56
510

-3

U n it b an k s— t o t a l ...........................................
Insured..............................................................
Noninsured.......................................................

485
52
433

488
52
436

-3

B anks o p e ra tin g m o re th a n o n e office —
t o ta l ............................................................
Insured
.......................................................
Noninsured ...................................................

78
4
74

B ra n ch es o r a d d itio n a l o ffices— t o t a l . . .
Insured
...................................................
N oninsured
................................................
A ll o ffices o f b an k s o p e ra tin g m o re th a n
o n e o ffice — to ta l ..................................
Insured
...................................................
N oninsured
....................................

B a n k in g o ffices— t o t a l ...................................
N oninsured......................... , ...........................

-3

687
63
624

690
63
627

563
56
507

566
56
510

-3

485
52
433

488
52
436

-3

78
4
74

78
4
74

78
4
74

124
7
117

124
7
117

124
7
117

124
7
117

202
11
191

202
11
191

202
11
191

202
11
191

-3
-3

-3

1
For explanation of classification of banks and banking offices see N OTE on pages 97 to 99.
2
Revised figures. For explanation see N OTE on pages 98 to 99.
’ N ot members of the Federal Reserve System.




-3
-3
-3

-3

FEDERAL DEPOSIT INSURANCE CORPORATION

102
T a b le
and

102.
B

A N A LYSIS OF CH AN GES IN N U M B E R AND CLASSIFICATION OF B A N K S

a n k in g

O f f ic e s

in t h e

U

n it e d

State s

and

P

o s s e s s io n s

D

u r in g

1936

Insured
Total
Total

Members F. R.
System
National

State

N on­
N ot
members insured
F. R.
System

C O M M E R C IA L B A N K IN G OFFICES
N u m b e r o f offices, D e c e m b e r 31, 1936..
N u m b e r o f offices, D e c e m b e r 31, 1935.. .
N et c h a n g e d u rin g y e a r .....................

18,516
18,622

17,234
17,265

6,733
6,724

2,034
1,956

8,467
8,585

1,282
1,357

-106

-31

+9

+78

In crease— t o t a l ............................
Banks beginning operations.. .
Branches opened for business.

238

207

29

31

36
171

1

94

65
173

84
6
78

29
65

29

28

D ecrease— t o t a l.........
Banks ceasing operations.
Branches discontinued. . .

345
289

286

70

183

232
54

59

33
10
23

20

59
57
2

+53

+2

+49

-5 3

+46
+7

+1
+1

+43

-4 6

+6

-7

56

11

-7 5

163

2

T r u st c o m p a n y n o t en gaged in d e p o sit
b a n k in g a d m itte d to in s u r a n c e ...........
C h a n g es in cla ss ific a tio n : n o n in su re d to
in s u red — t o t a l .................................... .
B anks............................................................
Branches.......................................................
C h a n g es in cla ss ific a tio n :
n o n in s u re d — t o t a l .........
Banks.......................................
Branches..................................

+2
+2

in su red to

-6

-2

C h a n ges in cla ss ific a tio n a m o n g in su red
b a n k s— t o t a l .........................................
Banks............................................................
Branches.......................................................

+6

-3

-1

-4

+4
+2

-2
-7
-9

+2

+83
+58
+25

-7 6
-4 9

-2 7

C O M M E R C IA L BAN K S
N u m b er o f b an k s, D e c e m b e r 31, 1936. ..
N u m b e r o f b an k s, D e c e m b e r 31, 1935. ..
N et ch a n g e d u rin g y e a r .
B an ks b e g in n in g o p e ra tio n s— t o t a l .
New banks 1.............................................
Closed banks reopened2.......................
B an ks cea s in g o p e ra tio n s — to ta l
Suspended banks not reopened or succeeded
Merged with aid of FD IC loans — net
decrease........................................................
Other mergers, consolidations and ab­
sorptions— net decrease3..........................
Other liquidations '

15,151
15,374

13,973
14,126

5,325
5,386

1,051

1,001

7,597
7,739

1,178
1,248

-223

-153

-61

+ 50

-142

-70

65

36

29

59

32
4

29
27

6
289

232

43

40

22

139
31

T r u s t c o m p a n y n o t en g a g ed in d e p o s it
b a n k in g a d m it t e d to in s u ra n ce
C h a n g es in cla s s ific a tio n : n o n in su re d to
in s u re d — t o t a l ..........................................
National banks succeeding noninsured
banks.........................................................
Admissions to Federal Reserve System .
Admissions to insurance:
Banks regularly operating at beginning
of yea r.......................................................
Banks formerly operating under re­
strictions 5.............................................




59

1

10

25

4
163
39

57
3

21

22

159
65

1
1

50
7

80
23

20
34

1
46

43

-4 6

-1
-2
37

37

-3 7

6

6

-6

103

NUMBER OF BANKING OFFICES
T ab le 102.

A n a l y s is OF CHANGES IN NUMBER AND CLASSIFICATION OF BANKS AND

B a n k in g O f f i c e s in t h e U n it e d S t a t e s an d P o s s e ssio n s D u r in g 1936 — Cont.
Insured
Total

Total

Members F. R.
System
National

State

N on­
N ot
members insured
F. R.
System

C O M M E R C IA L B A N K S — Cont.
C h a n ges in cla s s ific a tio n : in s u red to
n o n in s u re d — t o t a l ..................................
Noninsured banks succeeding insured

-4

-1

-3
Withdrawal from Federal Reserve System

-3

+4

-3

-1

+3

-1

+1

C h a n g es in cla ss ific a tio n a m o n g in su red
-9

58

-4 9

10

-4

-6

-1 9

National banks succeeding insured banks
not members Federal Reserve System6 .
Insured State banks succeeding national

1

18

Insured bank not member Federal Re­
serve System Succeeding State bank

-1

1

-6

6

68

-6 8

1

13

2

1

1

Withdrawals from Federal Reserve System
Insured banks admitted to Federal ReS u cces s ion s n o t in v o lv in g

c h a n g e s in
2

Suspended and restricted banks succeeded
by another bank in same class7 ...............
Banks merged with newly organized banks
by aid of F D IC loans ..............................
Other successions by another bank in same
class8 .............................................................
New charters in mergers of insured banks
with each other by aid of F D IC loans
Other new charters in consolidations........

1

2
7
1

1

1
2

1

B R A N C H E S OR A D D IT IO N A L OFFICES
OF C O M M E R C IA L B A N K S
3,365
3,248

3,261
3,139

1,408
1,338

983
955

870
846

104
109

+ 117

+122

+ 70

+28

+24

-5

B ra n ch es o p e n e d f o r b u sin ess— t o t a l . . .
New branches established............................
Banks converted into branches as result of
mergers, consolidations and absorptions

173
100

171
98

78
34

28
16

65
48

2
2

73

73

44

12

17

B ra n ch es d i s c o n t in u e d .................................

56

54

11

23

20

2

+7
+6

+1

+6
+6

-7
-6

+1

+1

N u m b e r o f b ra n ch e s, D e c e m b e r 31, 1936
N u m b e r o f b ra n ch e s, D e c e m b e r 31, 1935
N et c h a n g e d u rin g y e a r ...........................

C h a n g es in cla s s ific a tio n : n o n in su re d to
in s u re d — t o ta l ........................................
Branches of banks admitted to insurance
Branch transferred as result of merger,
consolidation or absorption......................
C h a n ges in c la ss ific a tio n :
in su re d to
n o n in su re d — t o t a l ..................................
Branches of a bank withdrawing from
Federal Reserve System without con­
.........................
tinuance of insurance
C h a n g es in cla ss ific a tio n a m o n g in su red
b a n k s — t o ta l
......................................
Branch of insured State bank succeeding
national bank ...........................................
Branches of insured State banks admitted
to Federal Reserve S ystem ......................
Branches transferred as result of merger,
consolidation or absorption......................




-1

-2

-2

+2

-2

-2

+2

+2

+25

-2 7

+25

-2 5

-1

+3

+ 1

-3

104

FEDERAL DEPOSIT INSURANCE CORPORATION

T ab le 102.

AN ALYSIS OF CHANGES IN N U M B E R AND CLASSIFICATION OF B A N K S AND

B a n k in g O f f ic e s in t h e U n it e d S t a t e s a n d P o sse s sio n s D u r in g 1936— C o n t.

Insured
Total
Total

Member F . R .
System
National

State

N ot
members
F. R.
System

N on­
insured

m u t u a l s a v in g s b a n k in g o f f ic e s

N u m b e r o f o ffices , D e c e m b e r 31, 1936.. .
N u m b e r o f o ffices, D e c e m b e r 31, 1935.. .
N et ch a n g e d u rin g y e a r ...........................

687
690

63
63

63
63

624
627
-3

-3

M U TU A L SAVIN GS B A N K S
N u m b e r o f b a n k s, D e c e m b e r 31, 1936. ..
N u m b e r o f h a n k s , D e c e m b e r 31, 1935. ..

563
566

56
56

N et c h a n g e d u rin g y e a r ............................

-3

_3

B an ks cea sin g o p e ra tio n s — t o t a l ...............
Absorptions— net decrease............................
Other liquidations..........................................

-3
-1

-3
-1

-2

-2

56
56

507
510

B R A N C H E S O R A D D IT IO N A L OFFIC E S
OF M U TU A L SAVIN GS B A N K S
N u m b e r o f b ra n ch e s, D e c e m b e r 31, 1936
N u m b er o f b ra n ch es, D e c e m b e r 31, 1935

124
124

7
7

7
7

117
117

N et c h a n g e d u r in g y e a r ............................

!Banks without predecessors. The figure for insured banks not members of the Federal Reserve
System includes 1 bank which operated for several months, and several others which operated for shorter
periods of time, prior to admission to insurance, and also 1 bank organized to take over the certificates of
indebtedness of a Morris Plan company in order to convert those obligations into deposits eligible for
insurance b y the Federal Deposit Insurance Corporation.
3
Figure for insured banks not members of the Federal Reserve System includes 2 banks in receiver­
ship since 1934 which were reorganized; 1 newly chartered bank organized to take over selected assets
and to assume deposit liabilities of a bank in receivership; and 1 bank organized to replace at date of pay-off
of insured deposits, without assumption of liabilities or purchase of assets, an insured bank which closed
on December 31, 1935. Figure for noninsured banks includes 1 bank in receivership since 1932, and 1
in receivership since 1934, both of which were reorganized.
8Includes 3 cases in which deposits of the “ absorbed” bank were not directly assumed b y the
absorbing institution.
in clu d es 10 noninsured banks operating under restrictions which were placed in receivership or
liquidation.
8Includes 1 bank reorganized under a new charter.
•Includes 1 national bank succeeding a Deposit Insurance National Bank.
’ Includes 1 successor bank to a suspended insured bank which did not assume deposit liability,
but took over part of the assets and is operated by the same management as the suspended bank; and 1
noninsured bank which succeeded a bank which had been operating under restrictions.
in clu d e s 1 case in which a bank successor to an insured bank operated for one month prior to
admission to insurance; 1 case in which the successor bank was opened and operated as a noninsured
bank for about three months prior to admission to insurance and absorption of the predecessor insured
bank; and 1 case in which an insured bank merged under its own name with a trust com pany not engaged
in deposit banking*




N

Table 103.

um ber

OF OPERATING B

a n k in g

O FFICES, D EC EM BER 31, 1936

IN SURED AND NONINSURED OFFICES GROUPED BY CLASS OF BANK AND T Y P E OF OFFICE IN EACH S TA TE AND IN T H E POSSESSIONS
All banks and banking
offices

Total

In­
sured

Mutual savings banks
and banking offices

Commercial banks and banking offices

Non­
Total
insured

Insured
Members F. R.
System
Total

Na­
tional

State

N ot
N on­
mem­
bers
insured
F .R .
System

Total

In­
sured

N on­
insured

Banks and banking offi­
ces insured as percent of—
All
Com­ Mutual
bank­ mercial savings
ing
banking banking
offices offices offices

17,234
13,973
13,119
85k
3,261

6,733
5,325
5,128
197
1,408

2,034
1,051
898
153
983

8,467
7,597
7,093
50k
870

1,282
1,178
1,138
ko
104

687
563
U85
78
124

63
56
52
k
7

624
507
U33
7k
117

90.1
89.3
89.3
88.3
93.7

93.1
92.2
92.0
95.5
96.9

9.2
9.9
10.7
5.1
5.6

U n ite d S ta t e s ........................................................ 19,109
All banka................................................................ 15,679
Unit banks......................................................... l k ,718
961
Banks operating more than one office...........
Branches or additional offices........................... 3,430

17,290
14,025
13,169
856
3,265

1,819
1,654
1,51*9
105
165

18,422
15,116
l k ,233
883
3,306

17,227
13,969
13,117
852
3,258

6,733
5,325
5 ,%
H8
197
1,408

2,034
1,051
898
153
983

8,460
7,593
7,091
502
867

1,195
1,147
1,116
31
48

687
563
U85
78
124

63
56
52
k
7

624
507
k33
7k
117

90.5
89.5
89.5
89.1
95.2

93.5
92.4
92.2
96.5
98.5

9.2
9.9
10.7
5.1
5.6

P osse ssion s
...............
All banks
..........................
Unit banks
............................
Banks operating more than one office .........
Branches or additional offices ........................

94
35
2k
11
59

7
4
2
2
3

87
31
22
9
56

94
35
2k
11
59

7
4
2
2
3

7
4
2
2
3

87
31
22
9
56

7.4
11.4
8.3
18.2
5.1

7.4
11.4
8.3
18.2
5.1

S ta te
A la b a m a ...............................................................
All banks
...........................................
Unit banks .
.
................................
Banks operating more than one office. . . .
Branches or additional offices ....................

239
218
215
3
21

229
208
205
3
21

10
10
10

239
218
215
3
21

229
208
205
3
21

75
69
68
1
6

19
18
17
1
1

135
121
120
1
14

10
10
10

95.8
95.4
95.3
100.0
100.0

95.8
95.4
95.3
100.0
100.0

A r i z o n a ................................................................
All banks
.....................................................
Unit banks
.
...................
Banks operating more than one office. . . .
Branches or additional offices

38
14
9
5
24

38
14
9
5
24

38
14
9
5
24

38
14
9
5
24

25
7
5
2
18

2
2
2

11
5
2
3
6

100.0
100.0
100.0
100.0
100.0

100.0
100.0
100.0
100.0
100.0

A rk a n s a s . .
..
.......................................
All banks
....................................................
Unit b a n k s ...................................................
Banks operating more than one office. . . .
Branches or additional offices

230
221
213
8
9

220
211
203
8
9

230
221
213
8
9

220
211
203
8
9

51
50
U9
1
1

7
7
7

162
154
1U7
7
8

95.7
95.5
95.3
100 0
100.0

95.7
95.5
95.3
100.0
100.0




10
10
10

10
10
10

OFFICES

18,516
15,151
1U,257
89k
3,365

BANKING

1,906
1,685
1,571
Ilk
221

O
F

17,297
14,029
13,171
858
3,268

NUMBER

19,203
15,714
1U,7U2
972
3,489

Table 103.

N

um ber

OF O p e r a t in g B

a n k in g

Of f i c e s , D

ec em ber

31, 1936— Continued

IN SURED AND NONINSURED OFFICES GROUPED BY CLASS OF BANK AND T Y P E OF OFFICE IN EACH S TA TE AND IN T H E POSSESSIONS
All banks and banking
offices

Total

N a­
tional

State

1,055
218
181
37
837
138
138
138

7
6
5
1
1
13
13
13

1,062
224
186
38
838
151
151
151

1 055
218
181
37
837
138
138
138

764
108
97
11
656
78
78
78

152
15
7
8
137
5
5
5

206
195
189
6
11
61
48
•1
4
7
13
52
22
11
11
30
160
158
157
1
2
369
342
330
12
27

109
104
100
u
5
56
44
38
6
12
52
22
11
11
30
153
153
153

97
91
89
2
6
5
4
3
1
1

132
122
117
5
10
58
46
U
O
6
12
52
22
11
11
30
160
158
157
1
2
369
342
330
12
27

109
104
100
4
5
56
44
38
6
12
52
22
11
11
30
153
153
153

58
54
51
3
4
16
16
16

6
6
6

286
262
252
10
24

286
262
252
10
24

7
5
1
2
83
80
78
2
3

139
95
77
18
44
55
55
55

26
9
U
5
17
53
53
53

6
4
2
2
2
8
3
1
2
5
4
4
U

45
44
U3
1
1
34
24
20
U
10
18
10
6
\
8
96
96
96

71
56
53
3
15

29
24
21
3
5

186
182
178
4
4

N on­
insured

Total

In­
sured

N on­
insured

99.3
97.3
97.3
97. U
99.9
91.4
91.4
91.4

7
6
5
1
1
13
13
13
23
18
17
1
5
2
2
2

7
5
•
4
1
2
83
80
78
2
3

All
Com ­ Mutual
bank­ mercial savings
ing
banking banking
offices offices offices

74
73
72
1
1
3
2
1
1
1

74
73
72
1
1
3
2
1
1
1

.............i ..............

99.3
97.3
97.3
97.U
99.9
91.4
91.4
91.U

52.9
53.3
52.9
66.7
45.5
91.8
91.7
92.7
85.7
92.3
100.0
100.0
100.0
100.0
100.0
95.6
96.8
97.5

82.6
85.2
85.5
80.0
50.0
96.6
95.7
95.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
95.6
96.8
97.5

77.5
76.6
76.U
83.3
88.9

77.5
76.6
76.U
83.3
88.9

CORPORATION

1,062
224
186
38
838
151
151
151

N ot
mem­
bers
F .R .
System

INSURANCE




Total

Insured
Members F. R.
System

DEPOSIT

C o lo r a d o ...............................................................
All banks
.
...
Unit banks . ..
Banks operating more than one office. . . .
Branches or additional offices......................
C o n n e c t i c u t ........................................................
All banks............................................................
Unit banks.....................................................
Banks operating more than one office........
Branches or additional offices......................
D e la w a r e ...............................................................
All banks............................................................
Unit banks.....................................................
Banks operating more than one office. . . .
Branches or additional offices .
D is tr ic t o f C o lu m b ia ......................................
All banks
.
........................
Unit banks.....................................................
Banks operating more than one office. . . .
Branches or additional offices......................
F lo r id a ...................................................................
All banks............................................................
Unit banks .................................................
Banks operating more than one office. . . .
Branches or additional offices......................
G e o r g ia ..................................................................
All banks............................................................
Unit banks.....................................................
Banks operating more than one office. . . .
Branches or additional offices......................

Non­
insured

Banks and banking offi­
ces insured as percent of—

FEDERAL

T otal

In­
sured

Mutual savings banks
and banking offices

Commercial banks ; nd banking offices
a

85
53
U7
6
32

82
50
U
6
32

3
3
3

85
53
U7
6
32

82
50
kk
6
32

36
20
16
k
16

24
10
9
1
14

Illin o is.............................................................
All banks......................................................
Unit banks...............................................
Banks operating more than one office.
Branches or additional offices................

881
881
881

863
863
863

18
18
18

881
881
881

863
863
863

307
307
307

75
75
75

481
481
U81

In d ian a.................................................................
All banks............................................................
Unit banks.....................................................
Banks operating’ more than one office. . . .
Branches or additional offices.......................

583
530
U97
33
53

541
489
U57
32
52

42
41
U
O
1
1

578
525
Jt-92
33
53

537
485
k53
32
52

132
124
118
6
8

20
8
7
1
12

Iow a........................................................................
All banks............................................................
Unit banks.....................................................
Banks operating more than one office
Branches or additional offices......................

810
671
567
10 k
139

722
589
U89
100
133

88
82
78
k
6

810
671
567
10k
139

722
589
k89
100
133

113
113
113

30
30
30

K an sa s............................................................
All banks......................................................
Unit banks...............................................
Banks operating more than one office.
Branches or additional offices................

706
706
706

460
460
U60

246
246
21*6

706
706
706

460
460
k60

188
188
188

17
17
17

K entucky..............................................................
All banks............................................................
Unit banks.....................................................
Banks operating more than one office
Branches or additional offices......................

461
433
U19
1U
28

414
386
372
1U
28

47
47
U7

461
433
kl9
lk
28

414
386
372
lk
28

117
100
97
3
17

Louisiana..............................................................
All banks............................................................
Unit banks.....................................................
Banks operating more than one office
Branches or additional offices......................

199
146
120
26
53

197
144
118
26
53

2
2
2

199
146
120
26
53

197
144
118
26
53

M a in e................................................................
Ail banks.......................................................
Unit banks.................................................
Banks operating more than one office. .
Branches or additional offices..................

163
103
81
22
60

120
68
52
16
52

43
35
29
6
8

129
71
51
20
58

M aryland..............................................................
All banks............................................................
Unit banks.....................................................
Banks operating more than one office. . . .
Branches or additional offices......................

291
197
171
26
94

263
185
161
2k
78

28
12
10
2
16

263
185
161
2k
78

Id a h o ....................................................
All banks...........................................
Unit banks....................................
Banks operating more than one c
Branches or additional offices. . .

96.5
94.3
93.6

96.5
94.3
93.6

18
18
18

98.0
98.0
98.0

98.0
98.0
98.0

385
353
828
25
32

41
40
39

92.8
92.3
92.0
97.0
98.1

92.9
92.4
92.1
97.0
98.1

579
446
3U6

88
82
78
k

89.1
87.8

89.1
87.8

96.2
95.7

96.2
95.7

255
255
255

246
246

65.2
65.2
65.2

65.2
65.2
65.2

13
11
9
2
2

284
275
266
9
9

47
47
U7

89.8
89.1

89.8
89.1

57
30
2k
6
27

6
5
k
1
1

134
109
90
19
25

99.0
98.6
98.3

99.0
98.6
98.3

114
62
k6
16
52

44
40
37
3
4

31
5
1
k
26

39
17

73.6

66
.0
6 .2
^

88.4
87.3
90.2
80.0
89.7

261
183
159
2k
78

70
63
61
2
7

54
11
5
6
43

137
109
93
16
28

90.4
93.9

99.2
98.9
98.8

19

1
2

10
0

8 .2
6

6

8 .2
6

BANKING

8 .8 8 .8
8
8
10 10
0 .0 0 .0
10 10
0 .0 0 .0

OFFICES

22

1
1

80.0
80.0
80.0

O
F

133

100.0 1 0
0 .0
10 10
0 .0 0 .0

NUMBER

1
00.0 1 0
0 .0
10 10
0 .0 0 .0
34
32

3
0
2
2
28
12

10

28
26

72.7
86.7

9 .2
4

92.3
83.0

10
0 .0
10
0 .0

17.6
18.8

2 .0
0
7.1
16.7

2 .0
0
107




22

20

Table 103.

Num

ber

OF O p e r a t in g B a n k in g O f f i c e s , D e c e m b e r 31, 1936— Continued

IN SURED AND NONINSURED OFFICES GROUPED BY CLASS OF BANK AND TY P E OF OFFICE IN EACH S TA TE AND IN T H E POSSESSIONS
All banks and banking
offices




State

46
46
U6

98.1
97.5
96.9
100.0
99.1
91.5
89.5
89.2
92.9
98.1
94.5
94.5
9k-k
100.0
100.0
95.6
94.7
9U.1
100.0
100.0
93.1
93.1
93.1

53
53
53

1
1
1

99.2
99.2
99.2

99.2
99.2
99.2

229
229
229

60
60
60

86.3
86.2
86.1
100.0
100.0

86.3
86.2
86.1
100.0
100.0

55
40
30
10
15
294
254
239
15
40
437
437
U37

3
3
3

42
624
624
62U

51
51
51

210
169
1J
f.8
21
41
487
487
1+87

120
120
120

119
119
119

45
45
U5

21
21
21

439
436
U33
3
3

379
376
373
3
3

138
135
132
3
3

12
12
12

232
198
173
25
34
55
52
U9
3
3
38
38
38

315
202
160

46
46
U6

113
649
495
h53
U2
154
692
686
68U
2
6
250
208
186
22
42
670
670
670

120
120
120

119
119
119

1
1
1

439
436
k33
S
3

379
376
373
3
3

60
60
60

309
197
155
1+
2
112
594
443
kOh
39
151
654
648
6W
2
6
239
197
175

Com­ Mutual
All
bank­ mercial savings
banking banking
ing
offices offices offices

N on­
insured

57.1
49.9
U7.3
62.7
76.7
91.5
89.5
89.2
92.9
98.1
94.5
94.5
9U-5
100.0
100.0
95.6
94.7
9U-1
100.0
100.0
93.1
93.1
93.1

65
29
15
n
36
162
106
95
11
56
14
14
1U

309
197
155
U2
112
594
443
m
39
151
655
649
61+7
2
6
239
197
175
22
42
624
624
62U

In­
sured

Total

6
5
5
1
55
52
U9
3
3
38
38
38
11
11
11

226
193
168
25
33

226
193
168
25
33

1
1
1

1
1
1

100.0
100.0
100.0

CORPORATION

All banks
Unit banks
Banks operating more than one office. . . .
Branches or additional offices......................

N a­
tional
189
128
110
18
61
138
83
70
13
55
203
197
195
2
6
26
25
2k
1
1
86
86
86

541
395
328
67
146
649
495
U53
U2
154
693
687
685
2
6
250
208
186
22
42
670
670
670

11
11
11

Total

N ot
N on­
mem­
insured
bers
F .R .
System

INSURANCE

M o n ta n a
All banks
Unit banks
Banks operating more than one office. . . .

Total

Insured
Members F. R.
System

DEPOSIT

Banks operating more than one office. . . .
M ic h ig a n
All banks
Unit banks
Banks operating more than one office. . . .
Brd>nch6S or &dcli^ion£il offic0S
M in n e s o ta
.....................
All banks
.
.....................
Unit banks
.....................
Banks operating more than one office. . . .
Branches or additional offices
M ississip p i
All banks
Unit banks
Banks operating more than one office. . . .
Branches or additional offices
M is so u r i
All banks
Unit banks
Banks operating more than one office. . . .

N on­
insured

Banks and banking offi­
ces insured as percent of—

FEDERAL

Total

In­
sured

Mutual savings banks
and banking offices

Commercial banks and banking offices

N e v a d a ...................................................................
All banks............................ ...............................
Unii banks.....................................................
Banks operating more than one office. . . .

45
44
us
1
1

122
97
8J,
13
25

6
6
6

29
25
22
3
4

22
22
22

116
55
33
22
61
4
4
U

19
14
10
k
5

1,389
758
673
85
631

638
455
U26
29
183

502
120
82
38
382

249
183
165
18
66

26
26
2U
2

344
239
197
U2
105

335
232
191
U
1
103

49
43
bl
2
6

16
9
7
2
7

270
180
1U3
37
90

208
198
188
10
10

193
183
173

10

62
61
60
1
1

21
21
21

882
711
676
35
171

861
690
655
35
171

282
249
2U
8
33

18
18
18

403
403
1+03

385
385
385

214
214
21U

N ew H a m p s h ir e .................................................
All banks............................................................
Unit banks.....................................................
Banks operating more than one office. . . .
Branches or additional offices......................

112
109
106
3
3

57
56
55
1
1

57
56
55

53
52
51
1
1

N ew J e r s e y ..........................................................
All banks............................................................
Unit banks.....................................................
Banks operating more than, one office. . . .
Branches or additional offices.......................

539
416
362
5U
123

520
399
3A6
53
121

19
17
16
1
2

510
391
31+0
51
119

504
385
S3U
51
119

266
233
217
16
33

N ew M e x ic o .........................................................
All banks............................................................
Unit banks.....................................................
Banks operating more than one office. . . .
Branches or additional offices......................

46
41
37
U
5

45
40
36
A
5

1
1
1

46
41
37
k
5

45
40
36

N ew Y o r k .............................................................
All banks............................................................
Unit banks.....................................................
Banks operating more than one office. . . .
Branches or additional offices......................

1,597
919
795
12U
678

1,392
760
67 A
86
632

205
159
121
38
46

1,415
784
697
87
631

N o rth C a r o lin a ..................................................
All banks............................................................
Unit banks.....................................................
Banks operating more than one office. . . .
Branches or additional offices......................

344
239
197
U2
105

335
232
191

9
7
6
1
2

N o rth D a k o t a .....................................................
All banks............................................................
Unit banks.....................................................
Banks operating more than one office. . . .
Branches or additional offices......................

208
198
188
10
10

193
183
173
10
10

15
15
15

O h io ........................................................................
All banks............................................................
Unit banks.....................................................
Banks operating more than one office. . . .
Branches or additional offices......................

885
714
679
35
111

864
693
658
35
171

O k la h o m a ............................................................
All banks............................................................
Unit banks.....................................................
Banks operating more than one office. . . .
Branches or additional offices......................

403
403
U03

385
385
385
'

85.1
86.2
87.3
50.0
50.0

1
1

k
5

10

16
14
12
2
2

13
11
10
1
2

96.5
95.9
95.6
98.1
98.4

98.8
98.5
98.2
100.0
100.0
97.8
97.6
97.3
100.0
100.0

87.2
82.7
8U.8
69.U
93.2

98.2
96.7
96.6
97.7
100.0

9
7
6
1
2

97.4
97.1
97.0
97.6
98.1

97.4
97.1
97.0
97.6
98.1

131
122
113
9
9

15
15
15

92.8
92.4
92.0
100.0
100.0

92.8
92.4
92.0
100.0
100.0

192
75
63
12
117

387
366
351
15
21

21
21
21

97.6
97.1
96.9
100.0
100.0

97.6
97.0
96.9
100.0
100.0

3
3
3

168
168
168

18
18
18

95.5
95.5
95.5

55.2
56.0
5 A.5
66.7
50.0

95.5
95.5
95.5

\

182
135
98
37
47

3
3
3

3
2
1
1
1

3
3
3

179
133
97
36
46

1.6
1.5
1.0
2.7
2.1

100.0
100.0
100.0

109

67
65
63
2
2

OFFICES

55
53
51
2
2

2

8

13
5
3
2
8

BANKING

16
8
6

103

50.9
51.4
51.9
33.3
33.3

1
1
1

20
12
10
2
8

O
F

10
9
8
1
1

4
4
U

NUMBER

3
3
3

45
44
U3
1
1

97.8
97.6
97.3
100.0
100.0

1
1
1

80.0
66.7
60.0
100.0
100.0

4
4
h

16
8
6
2
8




80.0
66.7
60.0
100.0
100.0

3
3
3

20
12
10
2
8

Table 103.

N

um ber

OF O p e r a t in g B a n k in g O f f i c e s , D

ec em ber

31, 1936— Continued

IN SURED AND NONINSURED OFFICES GROUPED BY CLASS OF BANK AND TY P E OF OFFICES IN EACH S TA TE AND IN T H E POSSESSIONS
All banks and banking
offices

88

U

50
,231
.,119
,073
U6
112
72
32
20

6

22

210

U0
95
44
16

141
91
87
k
50
1,211
1,112
1,070
U2
99
61
23

10
6

12
11

10
6

38
173
151
1U5

28
133
111
105

138
88

8
U

k
50
1,179
1,084

1,0U

28
133
111
105

6
22

6

22
209
190

191
183
8
19
362
314
29k

19
352
304
28k

20

20

48
904
904
90k

48
800
800
800

210
191
183

137
87
83
k
50
1,177
1,082

1U
,0 2
hO
95
44
16

6

22
209
190
182

8

104
104

10h

8

19
362
314

19
352
304

48
904
904
90k

48
800
800
800

Na­
tional

State

86

N ot
mem­
bers
F. R .
System

N on­
insured

Total

1

15
63
48
kk
k
15
90
72
67
5
18
456
456
U56

2
19
5
4
3

93
87
83

6,
J

13
40

21

1
1

23
23
23

1
1
1
U

20
7
3
k
13
11
5
10
40
40
AO

15
30
293
293

100.0
95.8
96.9
97.3
87.0
84.8
61.1
50.0
50.0
50.0
70.0
76.9
73.5
72.U
100.0

100.0
99.5
99.5
99.5

6
123
119
115
k
4
257
227

100.0

212

51
51
51

Com ­ Mutual
All
bank­ mercial savings
banking banking
ing
offices offices offices

100.0

2

2
313
297
287
10
16
3
2

117
77

N on­
insured

97.2
95.7
95.5

46
44

U
2

48
747
708
691
17
39
20
12
9
3
8
35
20
19

In­

sured

104
104
10k

100.0
97.2
96.8
96.6
100.0
100.0
88.5
88.5
88.5

97.2
95.6
95.U
100.0
100.0
97.2
97.3
97.U
95.2
96.0
72.1
69.6
83.3
51+.5
73.7
76.9
73.5
72.U
100.0
100.0
99.5
99.5
99.5
100.0
100.0
97.2
96.8
96.6
100.0
100.0
88.5
88.5
88.5

100.0
100.0
100.0
10.0
28.6
66.7

CORPORATION

12
40
173
151
1J+5

Total

INSURANCE




142
92

Total

DEPOSIT

O r e g o n ............................................................
All banks......................................................
Unit banks...............................................
Banks operating more than one office.
Branches or additional offices................
P e n n s y lv a n ia ................................................
All banks......................................................
Unit banks...............................................
Banks operating more than one office.
Branches or additional offices................
R h o d e I s l a n d ................................................
All banks......................................................
Unit banks...............................................
Banks operating more than one office.
Branches or additional offices................
S o u t h C a r o lin a ............................................
All banks......................................................
Unit banks...............................................
Banks operating more than one office.
Branches or additional offices................
S o u t h D a k o t a ..............................................
All banks......................................................
Unit banks...............................................
Banks operating more than one office.
Branches or additional offices................
T e n n e s s e e ......................................................
All banks......................................................
Unit banks...............................................
Banks operating more than one office.
Branches or additional offices................
T e x a s ................................................................
All banks......................................................
Unit banks...............................................
Banks operating more than one office.
Branches or additional offices................

In­

sured

Insured
Members F. R
System

Banks and banking offi­
ces insured as percent of—

FEDERAL

Total

Non­
insured

Mutual savings banks
and banking offices

Commercial banks and banking offices

69
59
55

69
59
55

69
59
55

105
89
80
9
16
389
321
281

105
89
80
9
16
387
320
281
39
67

87
75
67

87
75
67

U
1
0

10
>
6
8

k
1
0

21
2

174
166

47
188
186
18U

47
177
175
173

8

2
2

2

2
694
588
520

6
8

106
58
58
58

389
321
281

8
1
2

228
181
173

387
320
281
39
67
218
171
163

47
188
186
18 h

47
177
175
173

uo

6
8
8

2
2

708
600
530
70
108
58
58
58

8

2
2

690
584
516

6
8

106
58
58
58

28
27
26

1
1

43
33
27

18
14
13
1
4

6

29
24
22
2
5
32
27
26
1
5
19
19
19

1
0
21
1

164
13 U
30
47
90

8
8
86
2

2
79
77
75

18
14
13
1
4

2
1
1
1
10
10
10

99
99

10
0
97

117
105
103
2
12
26
26
26

29
23
19
U
6
9
9
9

3k
9

3
3
3

11
11
11
18
16
n
2
2

100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0

4
4
U

4
4
U

95.
94.
9U.
100.0
100.0
94.1
94.1
91+.0
100.0
100.0
97.5
97.4
97.U
97.1
98.1
100.0
100.0

99.5
99.7

97.5

95.6
94.5

9U.2

10
0 .0
10
0 .0

.............|..............

10
0 .0
10
0 .0
10
0 .0

94.1
94.1

91+.0

10
0 .0
10
0 .0
97.5
97.3

97.h
97.1
98.1

10
0 .0
10
0 .0
10 10
0 .0 0 .0

23
23
23

10
0 .0
10
0 .0
10
0 .0
10
0 .0
10
0 .0

10
0 .0
98.5

3
3
3

2

2
544
456

10
0
10
0
10
0
10
0
10
0
10
0
10
0
10
0
10
0
10
0

100.0

10
0 .0
10
0 .0

OFFICES

712
604
53U
70
108
58
58
58

8

8
1
2

U
1
0

19
19
19

BANKING

231
184
176

h
1
0

22
13
10
3
9
44
42
U0
2
2
147
132
125
7
15
96
56
51
5
40
79
79
79

O
F




69
59
55

NUMBER

U t a h .......................................................................
All banks............................................................
Unit banks.....................................................
Banks operating more than one office
Branches or additional offices......................
V e r m o n t ...............................................................
All banks............................................................
Unit banks......................................................
Banks operating more than one office
Branches or additional offices......................
V ir g in ia .................................................................
All banks............................................................
Unit banks.....................................................
Banks operating more than one office. . . .
Branches or additional offices......................
W a s h in g t o n ........................................................
All banks............................................................
Unit banks.....................................................
Banks operating more than one office. . . .
Branches or additional offices......................
W e st V ir g in ia .....................................................
All banks............................................................
Unit banks.....................................................
Banks operating more than one office
Branches or additional offices......................
W is c o n s in ............................................................
All banks............................................................
Unit banks.....................................................
Banks operating more than one office
Branches or additional offices......................
W y o m in g ..............................................................
All banks............................................................
Unit banks.....................................................
Banks operating more than one office
Branches or additional offices......................

Table 104.

N U M BER OF OPERATING BANKING O FFICES, D EC EM BER 31, 1936

IN SURED AND NONINSURED OFFICES GROUPED BY CLASS OF BANK, TY P E OF OFFICE, AND AMOUNT OF DEPOSITS
All banks and banking
offices

In­
sured

Noninsured1 Total

Insured
Members F. R.
System
Total

N a­
tional

State

In­
sured

N on­
insured

63

624

1
2

72.1
89.8
94.8

72.1
89.8
94.9

‘ 42.9 ’

53
129

2
1

96.1
96.2
91.7

96.7
98.1
98.0

27.6
18.5
9.8

1
1
6
6
1

104
158
35
117

85.2
71.5
77.5
72.4

99.2
96.2
97.7
81.9

9.6
3.7
14.6
.8

56

507

89.3

92.2

9.9

69.5
89.1
94.4

69.5
89.2
94.5

' 33.3 ‘

2
1

95.4
95.0

96.1
97.5
97.2

25.0
14.5
9.8

81.0
65.2
75.0

98.9
95.0
97.3

9.6
3.7
12.5

17,297

1,906

18.516

17,234

6,733

2,034

8,467

1,282

B a n k in g o ffice s w ith d ep o sits o f —
$100,000 and un d er........................................
$100,000 to $250,000......................................
$250,000 to $500,000......................................

1,253
3,469
3,814

904
3,115
3,615

349
354
199

1,250
3,467
3,807

902
3,115
3,612

56
503
1,229

16

237

12
0

830
2,510
2,146

348
352
195

$500,000 to $1,000,000..................................
$1,000,000 to $2,000,000...............................
$2,000,000 to $5,000,000...............................

3,474
2,658
2,010

3,339
2,556
1,843

135

3,445
2,593
1,867

3,331
2,544
1,829

1,596
1,380
1,045

374
397
405

1,361
767
379

114
49
38

29
65
143

8
1
2
14

$5,000,000 to $10,000,000.............................
$10,000,000 to $50,000,000...........................
Over $50,000,000.............................................
None or not available....................................

737
613
169
1,006

628
438
131
728

109
175
38
278

622
449
128

617
432
125
727

358
245
69
252

166
139
51
147

93
48
5
328

5
17
3
161

115
164
41
118

A ll b a n k s ............................................................

15,714

14,029

1,685

15,151

13,973

5,325

1,051

7,597

1,178

563

1,146
3,258
3,550

797
2,904
3,351

349
354
199

1,143
3,256
3,544

795
2,904
3,349

49
477
1,105

80
188

736
2,347
2,056

348
352
195

$500,000 to $1,000,000..................................
$1,000,000 to $2,000,000...............................
$2,000,000 to $5,000,000...............................

2,928
2,051
1,496

2,793
1,949
1,329

135

2,900
1,989
1,353

2,786
1,940
1,315

1,313
1,058
796

166
171

1,263
716
348

114
49
38

28
62
143

53
129

$5,000,000 to $10,000,000.............................
$10,000,000 to $50,000,000...........................
Over $50,000,000.............................................
N one or not a va ilable....................................

573
503
152
57

464
328
114

109
175
38
57

458
339

453
322
109

283
185
59

93
45

82
44
5

5
17
3
57

115
164
40

104
158
35

B an k s
$100,000
$100,000
$250,000

w ith d a ily average d e p o sits o f —
and u n d er........................................
to $250,000......................................
to $500,000......................................




12
0

12
0

167

12
1
57

1
0

20
1

3

2

4

7

4

66.7

66.7

CORPORATION

93.1

19,203

INSURANCE

90.1

1
2

687

A ll b a n k in g o ffi c e s ...........................................

167

Com­ Mutual
All
bank­ mercial savings
banking banking
ing
offices offices
offices

DEPOSIT

N ot
Non­
mem­
Total
bers insured1
F. R.
System

Banks and banking offices
insured as percent of—

FEDERAL

Total

Mutual savings banks
and banking offices

Commercial banks and banking offices

Unit b anks............................................................. 14,742

13,171

1,571

4,257

13,119

5,128

898

7,093

1,138

485

52

433

89.3

92.0

10.7

1,139
3,208
3,433

791
2,854
3,241

348
354
192

,136
206
5,427

789
2,854
3,239

49
475
1,104

10
79
187

730
2,300
1,948

347
352
188

3
2
6

2

1
2
4

69.4
88.9
94.4

69.4
89.0
94.5

66.7

2

$50,000 to $1,000,000......................................
$1,000,000 to $2,000,000.................................
$2,000,000 to $5,000,000.................................
$5,000,000 to $10,000,000..............................
$10,000,000 to $50,000,000.............................
Over $50,000,000...............................................
N one or not available......................................

2,781
1,936
1,366
457
319
48
55

2,650
1,845
1,214
359
185
32

131
91
152
98
134
16
55

,753
,878
,230
352
191
29
55

2,643
1,836
1,200
349
181
28

1,304
1,049
767
236
124
20

209
159
150
56
40
8

1,130
628
283
57
17

110
42
30
3
10
1
55

28
58
136
105
128
19

7
9
14
10
4
4

21
49
122
95
124
15

95.3
95.3
88.9
78.6
58.0
66.7

96.0
97.8
97.6
99.1
94.8
96.6

25.0
15.5
10.3
9.5
3.1
21.1

B an ks o p e ra tin g m o r e th a n o n e o ffice ..

972

858

114

894

854

197

153

504

40

78

4

74

88.3

95.5

5.1

B an k s w ith d a ily average d e p o sits o f $100,000 and under...........................................
$100,000 to $250,000........................................
$250,000 to $500,000........................................

7
50
117

6
50
10
1

1
• -j
•

7
50
117

6
50
110

2
1

1
1

6
47
108

7

85.7
100.0
94.0

85.7
100.0
94.0

$500,000 to $1,000,000....................................
$1,000,000 to $2,000,000.................................
$2,000,000 to $5,000,000.................................

147
115
130

143
104
115

147
111
123

143
104
115

9
9
29

1
7
21

133
88
65

4
7
8

4
7

97.3
90.4
88.5

97.3
93.7
93.5

$5,000,000 to $10,000,000...............................
$10,000,000 to $50,000,000.............................
Over $50,000,000...............................................
None or not available......................................

116
184
104

105
143
82

106
148
83
2

104
141
81

47
61
39

32
53
37

25
27
5

2
7
2
2

10
36
21

1
2
1

9
34
20

90.5
77.7
78.8

98.1
95.3
97.6

10.0
5.6
4.8

3,489

3,268

1,365

3,261

1,408

983

870

104

124

7

117

93.7

96.9

5.6

1

1

100.0
100.0
100.0

100.0
100.0
100.0

100.0

1
3

1
3

100.0
100.0
100.0

100.0
100.0
100.0

1
118

1
1

100.0
100.0
100.0
76.7

100.0
100.0
100.0
87.5

B an ks
$100,000
$100,000
$250,000

w ith d a ily a vera ge d ep o sits o f and un d er...........................................
to $250,000........................................
to $500,000........................................

21
1
264

107
211
263

107
211
263

7
26
124

6
22
49

94
163
90

$500,000 to $1,000,000. . .
$1,000,000 to $2,000,000.
$2,000,000 to $5,000,000.

546
607
514

546
607
514

545
604
514

545
604
514

283
322
249

164
231
234

98
51
31

$5,000,000 to $10,000,000. .
$10,000,000 to $50,000,000.
Over $50,000,000...................
N one or not ava ilab le...........

164

164

17
949

17
728

164
110
16
831

164
110
16
727

75
60
10
252

78
46
6
147

11
4

264

10
1

10
1

d e p o s it s of noninsured banks are as of December 31, 1936.




21
2

328

104

117

OFFICES

107

21
1

BANKING

107

1
1
2
2
2
21
2
41

4
7

O
F

B ra n ch es o r a d d it io n a l o ffice s w ith
d e p o sits o n D e c e m b e r 31, 1936, o f—
$100,000 and un d er.............................................
$100,000 to $250,000..........................................
$250,000 to $500,000..........................................

2

15

NUMBER

B ra n ch es or a d d it io n a l o f fic e s .....................

4

1
1

1

33.3

100.0
100.0

100.0
.8

See also the N O TE on page 124.

CO

Table 105. N u m b e r OF OPERATING COMMERCIAL BA NKS, D EC EM BER 31, 1936
IN SU R ED AND NONINSURED BANKS GROUPED BY AMOUNT OF DEPOSITS IN EACH S TA TE AND IN T H E POSSESSIONS
Banks with daily average deposits, or with deposits on December 31, 1936, of— 1
All
banks

$100,000
and
under

$100,000
to
$250,000

$250,000
to
$500,000

$500,000
$1,000,000 $2,000,000 $5,000,000 $10,000,000
Over
to
to
to
to
to
$50,000,000
$1,000,000 $2,000,000 $5,000,000 $10,000,000 $50,000,000

None or
not
available

112
109
3

57

336
322

112
109
3

56

1,143
795
348

3,256
2,904
352

3,544
3,349
195

2,900
2,786
114

1,989
1,940
49

1,353
1,315
38

U n ited S ta t e s .............................................

15,116
13,969
1.147

1,140
795
345

3.255
2,904
351

3,542
3,349
193

2,893
2,786
107

1,981
1,936
45

1,344
1,315
29

35
4
31

3

1

2

7

9

1

3

1

3

1

2

7

8
4
4

9

1

3

1

218
208
10
14
14

24
21
3

68
65
3
1
1

59
57
2

32
30
2
3
3

19
19

11
11

1
1

5
5

3
3

1
1

221
211
10
224
218
6
151
138
13

45
41
4
3
2
1
14
11
3

67
62
5
14
13
1
33
28
5

52
51
1
49
49

28
28

17
17

5
5

5
5

2
2

57
57

3
3

12
11
1
5
5

11
.............11

30
28
2

34
32
2
9
9

9
9

34
31
3

35
34
1
22
22

122
104
18
46
44
2
22
22

3
2
1
4
3
1

8
7
1
5
5

13
7
6
11
10
1
1
1

15
14
1
10
10

27
23
4
7
7

30
28
2
4
4

14
13
1
2
2

11
9
2
3
3

1
1

1
1

2
2

4
4

6
6

6
6

2
2

158
153
5
342
262
80

9
8
1
90
42
48

37
37

27
26
1
37
37

30
29
1
24
23
1

13
13

3
3

7
7

13
13

3
3

2
2

Noninsured ban ks.................................
P o s se s sio n s ..................................................




32
30
2
90
75
15

70.
65
5

457
453
4

14

4
4

57

56

1
1

CORPORATION

C o n n e c t i c u t .............................................
Insured banks ....................................
Noninsured banks
.............
D ela w a re
.............................................
Insured banks .
...................
Noninsured banks
....................
D is tr ic t o f C o lu m b i a ...............
Insured banks ....................................
Noninsured ban ks.................................
F lorid a
....................................
Insured banks ....................................
Noninsured banks
G e o r g ia .......................................................
Insured banks
................................
Noninsured banks.................................

17

INSURANCE

S ta te
A la b a m a .....................................................
Insured banks.........................................
Noninsured banks ...................
A r iz o n a ...................
...............
Insured banks.........................................
Noninsured banks
.................
A r k a n s a s .............
...............
Insured b a n k s..
............................
Noninsured banks
...............
C a lifo r n ia ............
......................
Insured banks .
.............
Noninsured banks
.........
C o l o r a d o ..................................................
Insured banks ....................................
Noninsured banks

458
453
5

1
1

2
2

DEPOSIT

15,151
13,973
1,178

FEDERAL

339
322

U n ite d S ta tes a n d p ossession s— t o t a l
Insured banks........................................
Noninsured ban ks.................................

11
11




15
15

37
33
4
22
15
7
12
3
9
110
38
72

197
193
4
128
110
18
164
139
25
262
158
104

219
213
6
144
134
10
213
189
24
165
118
47

433
386
47
146
144
2
71
62
9
185
183
2
202
197
5

52
30
22
9
8
1

116
106
10
28
28

495
443
52
686
648
38
208
197
11
670
624
46
120
119
1

5
4

1

2

181
180

105
104

86
84

92
89
3
169
147
13
90
72
18

82
81

35
34

81
77
4
52
47
5

21
20

89
80
9
41
41

48
46

20
20

13
11

17
16

20
18

43
43

33
33

15
15

1

1
1

2

35
35

16
16
12
12

1
1

20
20

2
2

36
36

97
93
4
34
33
1
9
6
3
38
38

1
1

3
3

14
14

34
33

40
39

60
59

27
27

16
7
9
49
35
14
15
13
2
104
85
19
7
6
1

98
86
12
189
175
14
51
48
3
221
201
20
30
30

150
141
9
229
225
4
57
55
2
148
143
5
32
32

88
85
3
132
129
3
42
39
3
91
89

59
56
3
52
50

38
37

18
18

25
24

25
24

12
12

45
45

32
32

1
1

2

1

2

24
24

2

15
15

1

1

2
1

2

1
1
1

17
17

15

is'

OFFICES

M i c h ig a n .................
Insured b a n k s.. . .
Noninsured banks.
M in n e s o t a ...............
Insured b a n k s.. . .
Noninsured banks.
M is s ip p i...................
Insured b a n k s.. . .
Noninsured banks.
M is s o u r i...................
Insured b a n k s... .
Noninsured banks.
M o n t a n a ..................
Insured banks. . . .
Noninsured banks,

11
11

BANKING

K e n tu c k y .................
Insured b a n k s.. . .
Noninsured banks
L o u is ia n a ................
Insured b a n k s.. . .
Noninsured banks
M a i n e ........................
Insured b a n k s.. . .
Noninsured banks
M a r y la n d .................
Insured banks. . . .
Noninsured banks
M a ssa ch u setts. . . .
Insured b a n k s..
Noninsured banks

3
3

O
F

53
50
3
881
863
18
525
485
40
671
589
82
706
460
246

NUMBER

I d a h o .........................
Insured b a n k s.. ..
Noninsured banks
I l li n o is ......................
Insured b a n k s.. ..
Noninsured banks
I n d ia n a ....................
Insured b a n k s.. . .
Noninsured banks
I o w a ...........................
Insured b a n k s.. ..
Noninsured banks
K a n s a s ......................
Insured b a n k s.. . .
Noninsured banks

Table 105. N u m b e r OF O p e r a t in g C o m m e r c ia l B a n k s , D e c e m b e r 31, 1936— Continued
IN SURED AND NONINSURED BANKS GROUPED BY AMOUNT OF DEPOSITS IN EACH S TA TE AND IN T H E POSSESSIONS
Banks with daily average deposits, or with deposits on December 31, 1936, o f -

784
758
26
239
232
7
198
183
15
711
690
21
403
385
18

O re g o n
Insured banks........
Noninsured banks.
P e n n s y lv a n ia ...........
Insured banks........
Noninsured banks.
R h o d e I s la n d ...........
Insured banks........
Noninsured banks.

91
87
4
1,112
1,082
30
23
16
7




165
141
24

125
116
9
4

8

1

1

3
13
12

4
65
56
9
391
385

1

36
3G

6

56
55

1
2
2

20
17
3
83
81

2

21
20

1

3
3

28
27

118
118

1

11
10

41
40

1

1
17
14
3
59
50
9
7

6
1

45
39

6

36
33
3
60
59

123
121

173
172

172
171

56
55

35
35

39
39

20
19

74
70
4
100
90
10
139
129
10

38
37
195
187

176
174

113
113

77
77

108
106

53
53

36

152
146

1

2
1
1

8
2

26
24

170
166
4

2

1

2
2

6

31
28
3

2
2

1
6
6
21

2
1

21
21
5
4

26
26

71
69

1

276
269
7
3

249
246
3
5

1

4

None or
not
available

CORPORATION

N ew Y o r k ...................
Insured banks........
Noninsured banks.
N o rth C a rolin a
Insured banks........
Noninsured banks.
N o rth D a k o t a ..........
Insured banks........
Noninsured banks.
O h i o .............................
Insured banks........
Noninsured banks.
O k la h o m a .................
Insured banks........
Noninsured banks.

50
25
25

$1,000,000 $2,000,000 $5,000,000 $10,000,000
$500,000
Over
to
to
to
to
to
$50,000,000
$1,000,000 $2,000,000 $5,000,000 $ 10, 000,000 $50,000,000

1

217
217

INSURANCE

436
376
60
12

$250,000
to
$500,000

DEPOSIT

N e b ra sk a ....................
Insured banks........
Noninsured banks.
N e v a d a ........................
Insured banks........
Noninsured banks.
N ew H a m p s h ire
Insured banks........
Noninsured banks.
N ew J e r s e y ................
Insured banks........
Noninsured banks.
N ew M e x ic o ...............
Insured ban ks........
Noninsured banks.

$100,000
to
$250,000

FEDERAL

$100,000
and
under

All
banks

32
31

1

5

13
13

S o u t h C a rolin a
Insured banks........
Noninsured banks.
S o u t h D a k o t a ..........
Insured banks........
Noninsured banks.

151
111
40
191
190

44

33
25

38
38

8
8

T e n n e s s e e ..................
Insured banks........
Noninsured banks.
T e x a s ............................
Insured banks.........
Noninsured ban ks.
U t a h .............................
Insured banks........
Noninsured banks.
V e r m o n t ....................
Insured banks.........
Noninsured banks.
V ir g in ia ......................
Insured banks........
Noninsured banks.

314
304

54
48

904
800
104
59
59

115
87
28

321
320

14
14

51
51

74
74

91
90

W a s h in g t o n ..............
Insured banks........
Noninsured b an k s.
W e st V ir g in ia ...........
Insured banks........
Noninsured b an k s.
W is c o n s in ..................
Insured banks........
Noninsured banks.
W y o m in g ....................
Insured banks.........
Noninsured banks.

181
171

15
13

35
33

45
44

42
40

3
125
123

47
44
3
173
167

7
7

17
17

49
46
3
147
143
4
13
13

1

1
0

2
2
2
2

6
1
1

30
26
4
31
31

19
15
4
15
14

12
12

97
95

65
65

49
48

27
26

244
211
33

223
208
15

155
145
10
11
11

70
68

2
8

1

1
1

18
15
3
4
4

2
25
2
2
2

1

6

10
10

2
2
2

19
19

20
20

1

2

49
49

27
27

24

2
2
2

29
29

27
26

77
77

42
41

1 Deposits of insured banks are daily averages for the year; those of noninsured banks are as of December 31, 1936.




46
44

14
14'

1

1
6
6

See also the N OTE on page 124.

OFFICES

600
584
16
58
58

2
2
1
1

2

BANKING

186
175

17
17

1

O
F

1
0

1

2

NUMBER

75
75

2
1
2
1

1

13
11

Table 106. N u m b e r OF OPERATING M U TU A L SAVINGS BA NKS, D EC EM BER 31, 1936
IN SURED AND NONINSURED BANKS GROUPED BY AMOUNT OF DEPOSITS IN EACH S TA TE
Banks with daily average deposits, or with deposits on December 31, 1936, of— 1
All
banks

Noninsured ban ks..........................................................

563
56
507

$100,000
to
$250,000

$250,000
to
$500,000

3
2
1

2

6
2
4

2

$500,000 $1,000,000 $2,000,000 $5,000,000 $10,000,000
Over
to
to
to
to
to
$1,000,000 $2,000,000 $5,000,000 $10,000,000 $50,000,000 $50,000,000
28
7
21

62
9
53

143
14
129

115
11
104

164
6
158

S ta te

40
5
35

22

17

19

1

11

22

17
1

19
1

1

1
1

1
2
1

1

2
2

8
1

12
2
10
1

3
1
2
1

2
5

1

1

1

1

5

1

2
5
4
1
32
6
26
12
2
10

1
1
1
1

6
3
3
2
2

1

8

2

193

1

1

7

15

56

49

57

7

193
1
1

1

1

7

15

56

49

57

7

1
1

44

1

7

11

17

4

4

44
25
14
11
135
2
133

1
1
1

7
1
1
1

11
2
1
1
6

17
3
2
1
21

4
8
5
3
26

4
9
4
5
58

1
23

1

6

2i

26

58

21

1

2

CORPORATION




11

3

INSURANCE

M a s s a c h u s e tts ..................................................................
Insured banks..................................................................
Noninsured ban ks..........................................................
M in n e s o t a ...........................................................................
Insured banks..................................................................
Noninsured ban ks..........................................................
New H a m p s h ir e ................................................................
Insured banks..................................................................
Noninsured banks...........................................................
N ew Jersey .......................................................................
Insured b a n k s ................................................................
Noninsured banks
......................................................
N ew Y o r k
............................................... .......................
Insured banks..................................................................
Noninsured banks...........................................................

3

73
2

DEPOSIT

73
Insured banks..................................................................
Noninsured ban ks..........................................................
D e la w a r e ..............................................................................
Insured banks..................................................................
Noninsured banks..........................................................
I n d ia n a ................................................................................
Insured banks..................................................................
Noninsured banks..........................................................
M a in e ....................................................................................
Insured banks..................................................................
Noninsured ban ks..........................................................
M a r y la n d .............................................................................
Insured banks..................................................................
Noninsured banks ........................................................

FEDERAL

U n ite d S ta tes— t o t a l ..........................................................

$100,000
and
under

O h io .............................
Insured banks........
Noninsured banks.
O regon........................
Insured banks.........
Noninsured banks.
Pennsylvania............
Insured banks.........
Noninsured banks.
Rhode Islan d ...........
Insured banks........
Noninsured banks.
V erm on t.....................
Insured banks........
Noninsured banks.

NUMBER

W ash in gto n..............
Insured banks.........
Noninsured ban ks.
W isconsin..................
Insured banks........
Noninsured ban ks.

O
F

d e p o s it s of insured banks are daily averages for the year; those of noninsured banks are as of December 31, 1936.

BANKING
OFFICES

119




See also the N O TE on page 124.

T a b le 107.— NUMBER OF COMMERCIAL BANKS OPERATING MORE THAN ONE OFFICE AND
N u m b e r o f B r a n c h e s o r A d d i t i o n a l O f f i c e s O p e r a t e d , D e c e m b e r 31, 1936
GROUPED ACCORDING TO CHARACTER OF BRANCH SYSTEM, LOCATION OF BRANCHES OR ADDITIONAL
OFFICES, POPULATION OF CENTER IN WHICH LOCATED, AND BY STATES
Location of branches or additional offices2

Character of branch system1

10,000 to 25,000.................................................................
25,000 to 50,000................................................................
50,000 and o v e r...................................................................

68
58
334

S ta te
Alabam a.................................................................................
Arizona...................................................................................
Arkansas................................................................................
California...............................................................................
Colorado ..............................................................................

3
5
8
38

C onnecticut...........................................................................
Delaware .............................................................................
District of C olum bia..........................................................
Florida ...............................................................................
Georgia...................................................................................

5
6
11
1
12

Idaho
.................................................................................
Illinois ..................................................................................
I n d ia n a .................................................................................
K ansas...................................................................................




3,306

Elsewhere
in head
office
State

677

988

73
147
154

1,634

Elsewhere
in head
office
county

40
73
112

206

24
36
53

7
21
30

113
220
266

4
5
4

87
65
31

25
18
13

326
202
149

2
5
5

114
55
41

13
24
238

26
21
42

29
13
50

4

147
105
1,778

16
41
1,565

39
20
34

92
44
172

1
3
3
11

1

21
24
9
838

3

8

2
2
5
18

5
7
5
78

13
17
4
519

3
2
11

1
1

1
3

4
2
30

2
4

4
6

2

3

1
7

10
12
30
2
27

11

4

2
12

1

5

32

2

30

9

23
72

1
32

53
139

22

30
104

1
35

Outside
head
office
State
7

210
142
103

288

6
33
104

4

In head
office
city

241

7

CORPORATION

116
88
48

All
branches

385

31
57
83

1 000 to 2,500 .
. .
2,500 to 5,000.....................................................................
5,000 to 10,000...................................................................

In more
than one
State

State
wide

INSURANCE

883

In c e n te r s w it h p o p u la tio n (1930) o f —
Under 250
.
.
...................
...............
250 to 5 00 .............................................................................
500 to 1,000 .........................................................................

County
wide

DEPOSIT

T o t a l ..........................................................................................

City
wide

FEDERAL

All
branch
systems

6

K en tu cky........
Louisiana.........
M aine...............
M aryland........
Massachusetts.

14
26
20
24
42

3
9
34

19
7
9
7

M ichigan.........
Minnesota. . . .

42

19

19

154

is '

42

2

22

Missouri.
M ontana.

2
2

6

2

87
42
10
35

67
3

O re g on ...............
Pennsylvania...
Rhode Isla n d ...
South Carolina.
South D a k o ta . .

4
42
11

Tennessee.
T e x a s.........
U ta h ...........
V e rm o n t...
V irginia. . .

20

6

**4*

Washington. . .
W est Virginia.
W isconsin........
W yom in g.........
1 Excludes 11 branch systems operating in the possessions.
2 Excludes 59 branches located in the possessions.




8

40

2

70

31
3

1

9
15
3
20

1
2
1
2
9
24
7

1

2
6
2
1

126

6

2
2
1

24

4

20'

22’

2
1
2

2
1

5

‘ 94

24
3

631
105
10
171

606

14
28

8
‘m ’

25

37

11
69
7
3

11
84
17

3
10
14

5

7
17
14

48

1

2
1

2
0

28

17

15

16

10
12
68

'Y

22
19

14

47

6

28
29

119
5

50
99

10

5
21

2

4
36

3
13

is '

5

47

15

'ii'

108

16

2

1

2

35

2

1
9

82

1

74

3
18
27

’is '

OFFICES

N ew Y o r k .........
N orth Carolina.
N orth D a k o ta ..
O h io ....................
O klahom a..........

6

19

2
2

BANKING

37

28
53
58
78
113

O
F

51
4

1
1
'H'
2

3

1
1
0
6
1

NUMBER

N ebraska.............
N e v a d a ................
New Hampshire.
N ew Jersey.........
N ew M exico. . . .

5

Ta b le 108.

N U M B E R OF OPERATING BANKING OFFICES OF IN SU RED COMMERCIAL BANKS, D EC EM BER 31, 1936

GROUPED B Y AMOUNT OF DEPOSITS, TYPE OF OFFICE, AND POPULATION OF CENTER IN WHICH LOCATED
All
banks
and
banking
offices

$100,000
and
under

$100,000
to
$250,000

$250,000
to
$500,000

17,234

899

3,095

3,553

3,253

2,500

1,784

500 to 1,0 0 0 ....................

884
1,970
2,679

274
351
184

399
955
973

112
427
987

24
77
323

6
16
52

1
5
4

1,000 to 2 ,5 0 0 ...............................................
2,500 to 5,000.................................................
5,000 to 10,000...............................................

3,355
1,950
1,478

53
11
9

564
92
31

1,267
423
143

1,026
746
398

267
488
570

35
114
279

1
3
12

1

10,000 to 25,000.............................................
25,000 to 50,000............................................
50,000 and o v e r.............................................

1,288
613
3,017

7
2
8

24
11
46

36
30
128

182
47
430

403
103
595

490
223
633

83
123
347

11
24
337

97

U n it b a n k s ......................................................

13,119

789

2,854

3,239

2,643

1,836

1,200

349

181

28

B anks in ce n te r s w ith p o p u la tio n
(1930) o f —
Under 250 ........................................................
250 to 500 .....................................................
500 to 1,000..............................................

746
1,699
2,340

249
315
154

370
895
916

100
403
925

20
64
296

6
16
46

1
5
3

1,000 to 2,500...............................................
2,500 to 5,000.................................................
5,000 to 10,000...............................................

2,928
1,665
1,287

44
7
8

519
79
27

1,189
382
128

919
675
361

230
420
513

27
100
237

2
12

1

10,000 to 25,000.............................................
25,000 to 50,000............................................
50,000 and o v e r.............................................

1,081
454
919

7
5

17
7
24

31
22
59

160
37
111

359
86
160

428
185
214

72
104
159

7
13
159

28

A ll offices o f b an k s o p e ra tin g
m o re th a n o n e o f f ic e ........................

4,115

110

241

314

610

664

584

220

193

70

O ffices in c e n te r s w ith p o p ­
u la tio n (1930) o f—
Under 250
.................................................
250 to 500
...............................................
500 to 1,000
......................................

138
271
339

25
36
30

29
60
57

12
24
62

4
13
27

6

1

1,000 to 2,500.................................................
2,500 to 5,000.................................................
5 000 to 10,000
........................................

427
285
191

9
4
1

45
13
4

78
41
15

107
71
37

37
68
57

8
14
42

1
1

10,000 to 25,000 ..........................................
25,000 to 50,000............................................
50,000 and o v e r.............................................

207
159
2,098

2
3

7
4
22

5
8
69

22
10
319

44
17
435

62
38
419

11
19
188

$500,000 $1,000,000 $2,000,000 $5,000,000 $10,000,000
Over
to
to
to
to
to
$1,000,000 $2,000,000 $5,000,000 $10,000,000 $50,000,000 $50,000,000

B a n k in g o ffice s in c e n te r s
w ith p o p u la tio n (1930) o f —

569

68

374

98

1

N ot
available
1,109

138
156
141
73
35
52
50
396

DEPOSIT

1

INSURANCE

69

141
73
35
52
50
396

d e p o s its of unit banks are daily averages for the year; those of offices of banks operating more than one office are as of December 31,1936. See also the N OTE on page 124.




CORPORATION

1,109

68
138
156
1

FEDERAL

1

4
11
178

12
2

A ll b a n k in g o ff ic e s .........................................

Banks and banking offices with daily average deposits, or with deposits on December 31, 1936, of __l

T a b le 109.

N u m b e r OF OPERATING BANKING OFFICES OF INSURED COMMERCIAL BANKS, DECEMBER 31, 1936

GROUPED ACCORDING TO NUMBER OF COMMERCIAL BANKING OFFICES IN CENTER IN WHICH LOCATED,
TYPE OF OFFICE, AND POPULATION OF CENTER IN WHICH LOCATED
Banks and banking offices in centers with—

All
banks and
banking
offices
A ll b a n k in g o f fic e s ....................................................

1
banking
office

2
banking
offices

3
banking
offices

4
banking
offices

5
banking
offices

7
banking
offices

8
banking
offices

9 or more
banking
offices

AAO
11V

103

2,474

t>I

24
*1
7
/1
i no
iuy

14
105

13
90

10
2,464

409

1OS
A70

1
loU

/A
ou

54

585

10
15

4,047

1,253

884
1,970
2,679

872
1,884
2,264

11
83
404

1
3
6

1,000 to 2 ,5 0 0 ...............
2,500 to 5,000.............................................
5,000 to 10,000......................................

3,355
1,950
1,478

2,096
664
327

1,154
1,064
725

96
184
343

9
28
65

10,000 to 25,000..........................
25,000 to 50,000..............................
50,000 and o v e r......................................................

1,288
613
3,017

131
8
1

508
79
19

390
149
81

199
140
81

1 9Q

522

ZOO

5

36

O
F

10
18

7,030

3,587

1,066

746
1,699
2,340

735
1,623
1,962

10
74
372

1
2
6

1,000 to 2,500...........................................
2,500 to 5,000........................................
5,000 to 10,000......................................

2,928
1,665
1,287

1,770
550
278

1,069
917
637

83
164
299

6
24
58

10,000 to 25,000...............................................
25,000 to 50,000...............................................
50,000 and o v e r .....................................

1,081
454
919

105
6
1

431
63
14

331
120
60

169
94
58

24
mr;
J.U
U
AA
44

21
K
A
04
rr
00

53

53

4
581

A ll o ffice s o f b an k s o p e ra tin g
m o re th a n o n e o f f i c e .............................................

4,115

1,217

460

187

113

67

H
JA
*±

59

49

1,889

O ffices in ce n te r s w ith p o p u la tio n (1930) o f—
Under 2 5 0 ................................ .......................
250 to 5 0 0 .....................................
500 to 1 ,0 0 0 .........................................................

138
271
339

137
261
302

1
9
32

1

1,000 to 2 ,5 0 0 .........................................
2,500 to 5,000...........................................
5,000 to 10,000......................................................

427
285
191

326
114
49

85
147
88

13
20
44

3
4
7

207
159
2,098

26
2

77
16
5

59
29
21

30
46
23

3
1H
1i
54

I
52

12
37

1,883

10,000 to 25,000................................
25,000 to 50,000................................
50,000 and o v e r ....................................




OFFICES

13,119

B an k s in ce n te r s w ith p o p u la tio n
(1930) o f—
Under 2 5 0 ..........................................................
250 to 5 0 0 ..........................................................
500 to 1,0 0 0 .........................................................

5

3
12
OA

23

BANKING

8,247

NUMBER

OA
A

17,234

B a n k in g o ffice s in c e n te r s
w ith p o p u la tio n (1930) o f —
Under 2 5 0 ...............................................
250 to 5 0 0 ..................................
500 to 1 ,0 0 0 ..........................................

U n it b a n k s ..................................................

6
banking
offices

124

FEDERAL DEPOSIT INSURANCE CORPORATION

DEPOSITS OF BANKING OFFICES
N o t e R e g a r d in g D e p o s it F i g u r e s a n d C l a s s i f i c a t io n o f B a n k s b y A m o u n t
of

D e p o s it s

Deposit figures for banks and banking offices which appear in Tables 110-13,
inclusive, and which are used for classifying banks by size groups in Tables 104-06
and in Table 108, consist of the following:
All insured banks. Average deposits during 1936 are averages of daily total
deposit liabilities as reported on certified statements for assessment purposes.
These deposit liabilities include, in addition to the usual deposits shown on the con­
dition statement, outstanding drafts and uninvested trust funds held in the bank's
own trust department, and exclude a portion of cashiers5 and officers' checks out­
standing. It is estimated that total deposit liabilities for assessment purposes
exceed total deposits as shown on the condition statement by less than 2 percent.
The figures in Tables 110-12, inclusive, exclude deposits for 13 banks for which
reports were not available. On December 31, 1936, deposits in these banks amount­
ed to $3,729,000. In Tables 104-06 and in Table 108 these 13 banks are classified
on the basis of deposits as of December 31, 1936.
All offices of insured commercial banks operating more than one office.
In Table 104, banks operating more than one office are classified on the basis of
daily average total deposit liabilities, as reported for assessment purposes, for the
head office and branches or additional offices combined. Branches or additional
offices are classified on the basis of total deposit liabilities as of December 31, 1936,
as submitted in a special report by banks operating branches. The method of
computation was the same as that used for assessment purposes.
In Table 108 the classification of all offices of banks operating more than one office
is on the basis of total deposit liabilities as of December 31, 1936, computed for
assessment purposes.

Noninsured banks. Total deposit liabilities are shown as of December 31,
1936, as reported in Rand McNally Bankers Directory, First 1937 Edition, or
other available sources.




Table 110.

A v e r a g e D EPO SITS OF OPERATING BA NKS DURIN G 19361

INSURED AND NONINSURED BANKS GROUPED BY CLASS OF B AN K , TYPE OF BAN K, AND AMOUNT OF DEPOSITS
Commercial banks

All banks

Mutual savings banks

Deposits of insured banks
as percent of deposits of—

Insured
Total

Insured

Non­
insured

Members F. R. System
Total

Total
National

State

Not mem­
bers F. R.
System

Non­
insured

Total

Insured

Non­
insured

All
banks

Com­ Mutual
mercial savings
banks
banks

(In thousands of dollars)
57,589,006 46,943,982 10,645,024 47,540,724 45,958,959 25,776,688 14,245,234

81.5

96.7

9.8

138

92
300
1,215
15,872
81,704
433,852
750,530
3,482,890
4,296,804
4,985,733

74.7
94.2
94.7
95.5
94.8
87.7
80.6
63.6
83.9
79.3

74.7
94.2
94.8
96.2
97.5
96.9
98.7
93.4
97.5
96.6

37.6
24.5
14.1
7.8
9.5
3.3
14.5
9.3

92
300
1,215
15,872
74,242
409,747
678,552
2,548,092
1,257,621
4,077,526

74.6
92.7
94.8
95.4
95.1
87.8
78.2
56.4
80.8
83.6

74.6
92.7
94.9
96.1
97.7
97.4
99.0
93.4
98.2
96.7

37.6
24.5
15.3
8.2
9.3
2.9
19.8
10.4

7,462
24,105
71,978
934,798
3,039,183

88.1
100.0
93.4
97.2
89.5
87.5
89.8
74.0
84.8

88.1
100.0
93.4
97.2
93.7
92.6
97.9
93.4
97.3

11.9
4.5
124

59,930
80,273
987,874
930,499
1,327,911 1,258,010
2,087,050 1,992,329
2,924,309 2,772,047
4,559,325 3,999,777
4,085,775 3,294,444
10,892,163 6,928,013
30,644,326 25,708,933
27,748,904 22,010,216

80,043
59,792
5,558
825
20,343
505,575
987,574
930,499
57,375
14,988
413,293
69,081
69,901 1,325,965 1,257,279
947,025
143,838
94,721 2,066,023 1,987,174
152,262 2,829,210 2,758,652 1,511,740
250,107
537,254
559,548 4,088,711 3,963,015 2,417,463
626,043
791,331 3,256,031 3,215,230 2,028,484
3,964,150 7,289,462 6,808,202 3,965,226 2,015,881
4,935,393 25,617,705 24,979,116 13,982,324 10,581,217
5,738,688 22,250,439 21,497,484 13,974,242 3,163,370

53,409
409,936
774,905
890,311
996,805
1,008,298
560,703
827,095
415,575
4,359,872

20,251
57,075
68,686
78,849
70,558
125,696
40,801
481,260
638,589
752,955

230
300
1,946
21,027
95,099
470,614
829,744
3,602,701
5,026,621
5,498,465

731
5,155
13,395
36,762
79,214
119,811
729,817
512,732

79',760
59,478
725,070
782,445
1,284,577 1,217,548
1,982,842 1,891,052
2,758,696 2,623,852
4,124,778 3,619,618
3,22.1,782 2,518,818
6,420,505 3,620,959
7,093,519 5,733,821
29,840,102 24,933,766

79,530
59,340
5,558
20,282
825
725,070
310,044
57,375
782,145
14,751
413,037
68,752
67,029 1,282,631 1,216,817
940,439
149,280
91,790 1,961,815 1,885,897
134,844 2,671,059 2,610,457 1,498,022
238,612
505,160 3,678,269 3,582,856 2,318,612
457,191
702,964 2,473,779 2,449,367 1,687,921
371,648
2,799,546 3,796,287 3,544,833 2,547,586
692,488
1,359,698 5,524,924 5,422,847 4,253,023 1,169,823
4,906,336 25,290,285 24,461,475 11,802,446 11,081,864

52,957
400,275
735,028
796,178
873,823
807,053
389,798
304,759
1
1,577,165

20,190
57,075
65,814
75,918
60,602
95,413
24,412
251,454
102,077
828,810

230
300
1,946
21,027
87,637
446,509
748,003
2,624,218
1,568,595
4,549,817

731
5,155
13,395
36,762
69,451
76,126
310,974
472,291

513
452
205,429
205,429
40,462
43,334
101,277
104,208
165,613
148,195
380,159
434,547
863,993
775,626
4,471,658 3,307,054
23,550,807 19,975,112

452
61
513
205,429
205,429
43,334
40,462
2,872
101,277
2,931
104,208
158,151
148,195
17,418
380,159
54,388
410,442
88,367
765,863
782,252
1,164,604 3,493,175 3,263,369
3,575,695 20,092,781 19,556,269

452
9,661
39,877
94,133
122,982
201,245
170,905
522,336
415,574

2,872
2,931
9,956
30,283
16,389
229,806
536,512

195,531
256
6,586
13,718
98,851
340,563
1,417,640
9,729,301

237
3?9
558
11,495
80,063
254,395
1.323.393
9.411.394

138

61

7,462
24,105
81,741
978,483
3,458,026

9,763
43,685
418,843

60.0

60.0

1 Deposits of insured banks are daily averages for the year; those of noninsured baijks are as of December 31, 1936. Excludes 12 insured banks not members of the Federal Reserve System and
1 national bank, with deposits on December 31, 1936, of $2,811,000 and $918,000 respectively, for which daily average deposits are not available. See also the NOTE on page 124.




OFFICES

9,063,259

BANKING

985,023

O
F

5,937,037 1 1,581,765 10,048,282

DEPOSITS

A ll b a n k s .............................
Banks w ith daily aver­
age d eposits o f —
$100,000 and under........
$100,000 to $250,000. . .
$250,000 to $500,000.....
$500,000 to $1,000,000 .
$1,000,000 to $2,000,000
$2,000,000 to $5,000,000
$5,000,000 to$10,000,000
$10,000,000 to $50,000 000
Over $50,000,000 ..........
U nit b a n k s .......................
Banks w ith daily aver­
age d ep osits o f —
$100,000 and under.. ..
$100,000 to $250,000...
$250,000 to $500,000...
$500,000 to $1,000,000.
$1,000,000 to $2,000,000
$2,000,000 to $5,000,000
$5,000,000 to$10,000,000
$10,000,000 to $50,000,000
Over $50,000,000............
B anks op era tin g m o re
th a n o n e o ffic e ............
B anks w ith daily aver­
age dep osits of-—
$100 000 and under . . . . .
$100,000 to $250,000. . .
$250,000 to $500,000. . .
$500,000 to $1,000,000. .
$1,000,000 to $2 ,000,000
$2,000,000 to $5,000,000
$5,000,000 to 10,000,000
$ 10,000,000 to 50,000,000
Over $50,000,000............

12
6

Table 111.

AVERAGE DEPOSITS OF OPERATING BANKS DURING 19361

INSURED AND NONINSURED BANKS GROUPED BY CLASS OP BANK IN EACH STATE AND IN THE POSSESSIONS

Commercial banks

Deposits of insured banks
as percent of deposits of—

Mutual savings banks

Total

Insured

Members F. R. System
Total
Total
National

State

Not mem­
bers F.R.
System

Non­
insured

Total

Insured

Non­
insured

All
banks

Com­ Mutual
mercial savings
banks
banks

10.048.282

985.023

9.063.259

81.5

96.7

9.8

5,931,578

1,417,755 10.048.282

985.023

9.063.259

81.7

97.0

9.8

3.2

3.2

169,469

5,459

164,010

169,469

5,459

State
Alabama..........
Arizona.............i . .. .
Arkansas.....................
California...................
Colorado.....................

252,264
70,157
157,670
3,762,550
310,760

249,836
70,157
156,301
3,732,644
307,567

2,428

252,264
70,157
157,670
3,762,550
310,760

249,836
70,157
156,301
3,732,644
307,567

179,520
46,869
94,115
2,627,554
260,405

Connecticut................
Delaware.....................
District of Columbia.
Florida.........................
Georgia.....................

1,238,234
164,995
326,096
305,039
412,607

460,089
130,497
326,096
302,436
405,623

778,145
34,498
6,984

533,337
130,897
326,096
305,039
412,607

460,089
130,497
326,096
302,436
405,623

Idaho...........................
Illinois.......................
Indiana.......................
Iowa............................
K ansas.......................

83,125
3,789,636
754,708
589,377
396,334

75,799
3,778,603
734,668
555,880
339,042

7,326
11,033
20,040
33,497
57,292

83,125
3,789,636
734,433
589,377
396,334

Kentucky...................
Louisiana ..................
Maine..........................
Maryland...................
Massachusetts...........

422,848
402,939
323,648
801,562
3,987,573

410,057
402,412
195,360
537,468
1,799,832

12,791
527
128,288
264,094
2,187,741

Michigan.....................
Minnesota...................
Mississippi.................
Missouri.....................
Montana.....................

1,287,949
915,883
174,697
1,372,308
131,675

1,272,016
904,348
170,139
1,364,648
131,629

15,933
11,535
4,558
7,660
46




1,369
29,906
3,193

2,i

5,459

164,010

33,210
7,858
18,219
700,525
22,408

37,106
15,430
43,967
404,565
24,754

2,428

272,612
17,006
187,641
237,091
284,847

63,517
72,212
88,082
10,539
56,857

123,960
41,279
50,373
54,806
63,919

73,248
400

75,799
3,778,<
720,901
555,!
339,042

36,665
2,760,695
392,557
231,228
228,980

30,597
697,515
43,207
83,546
16,409

8,537
320,393
285,137
241,106
93,653

7,!
11.033
13,532
33,497
57,292

422,848
402,939
198,521
585,012
1,854,866

410,057
402,412
180,796
536,213
1,799,832

226,112
287,254
118,777
324,628
1,324,666

48,849
38,775
29,773
110,305
367,076

135,096
76,383
32,246
101,280
108,090

12,791
527
17,725
48,799
55.034

1.287,949
850,405
174,697
1,372,308
131,675

1,272,016
838,870
170,139
1,364,648
131,629

724,155
671,071
61,292
618,221
76,415

349,970
8,261
1,219
534,698
35,135

197,891
159,538
107,628
211,729
20,079

15,933
11,535
4,558
7,660
46

99.0

100.0

1,369
29,906
3,193

99.1
99.2
99.0
704,897
34,098

704,897
34,098

37.2
79.1

99.0

100.0
99.1
99.2
99.0

99.7

100.0

20,275

13,767

6,508

125,127
216,550
2,132,707

14,564
1,255

110,563
215,295
2,132,707

65,478

65,478

100.0

99.1
98.3

2,603
6,984

99.1

91.2
99.7
97.3
94.3
85.5

91.2
99.7
98.2
94.3
85.5

97.0
99.9
60.4
67.1
45.1

97.0
99.9
91.1
91.7
97.0

98.8
98.7
97.4
99.4
99.9

98.8
98.6
97.4
99.4
99.9

CORPORATION

Possessions.................

INSURANCE

5,937,037

57,419,537 46,938,523 10,481,014 47,371,255 45,953,500 25,776,688 14,245,234

United States............

DEPOSIT

(In thousands of dollars)
United States and pos­
sessions— total........
57,589,006 46,943,982 10,645,024 47,540,724 45,958,959 25,776,688 14,245,234

FEDERAL

Insured
Non­
insured

11.6
.6

Nebraska................
Nevada...................
New Hampshire.. .
New Jersey...................
New Mexico..........

337,589
27,352
269,798
1,942,420
48,394

59,649
4,604
8,106
323,943
8,377

10,817
1,030
6,515
31,427
592

13,298,539
382,124
69,554
2,018,966
412,457

326,772
26,322
76,629
1,719,352
47,802

606,558
147,613
17,967
300,851
44,907

719,700
4,694
29,285
5,646
2,566

326,772
26,322
76,629
1,583,082
47,802

5,210

263,250
5,034,743
471,813
139,154
87,781

262.153
4,465,215
297,151
139.154
87,781

257,245
4,413,400
233,499
130,174
87,162

29,844
576,407
6,354
47,722
22,856

4,908
51,815
63,652
8,980
619

Tennessee...............
Texas.......................
Utah........................
Vermont.................
Virginia...................

456,434
1,140,538
147,599
169,426
530,565

456,434
1,140,538
147,599
102,493
530,565

453,717
1,113,766
147,599
102,493
530.022

95,669
113,209
24,486
52,281
113,307

Washington............
West Virginia........
Wisconsin...............
Wyoming................

472,821
266,647
814,781
59,608

415,194
266,647
810,702
59,608

402.023
260,308
802,154
59,608

32,180
59,335
263,802
12,606

13,171
6,339
8,548

1

321,769
138,884
450,338
43,030

1,097
5,624

563,904
174,662

94.9
98.8
70.4
99.7
99.4

98.1
87.8
49.5
93.5
99.3

98.1
98.8
78.6
93.5
99.3

99.4
97.7

2,717
26,772

71.6
98.8
70.4
99.7
99.4

’ 117,521
1,097
569,528
174,662

96.8
96.2
92.2
98.1
98.8

99.4
97.7

41.6
9.6

10
0 .0
10
0 .0
1
.0

1 0 10
0 .0 0.0
1 0 10 1 0
0 .0 0.0 0 .0
10
0 .0

99.9

57,627

57,627

4,079

4,079

99.9

97.2
97.6
99.0

96.8
9 7 .6 ............
98.9
100.0
.0!............

10 10
0 .0 0

1

Deposits of insured banks are daily averages for the year; those of noninsured b a n k s are as of December 31, 1936. Excludes 12 insured banks not members of the Federal Reserve System and
1 national bank, with deposits on December 31, 1936, of $2,811,000 and $918,000 respectively, for which daily average deposits are not available. See also the NOTE on page 124.

OFFICES
127




BANKING

Oregon.....................
Pennsylvania.........
Rhode Island.........
South Carolina... .
South D akota... .

136,270
500,808

96.8
96.2
28.4
88.5
98.8

O
F

19,261,377
386,818
98,839
2,142,133
415,023

186,654
191,641

DEPOSITS

New York...............
North Carolina. . .
North Dakota. . . .
Ohio. .......................
Oklahoma...............

186,654
327,911

Table 112. AVERAGE D EPO SITS OF OPERATING COMMERCIAL BA NKS DURIN G 19361
IN SURED AND NONINSURED BANKS GROUPED BY AMOUNT OP DEPOSITS IN EACH S TA TE AND IN T H E POSSESSIONS

to

00

Banks with daily average deposits, or with deposits on December 31, 1936, of— 1
All banks

$100,000
to
$250,000

$250,000
to
$500,000

$500,000
to
$1,000,000

$1,000,000
to
$2,000,000

$2,000,000
to
$5,000,000

$5,000,000
to
$10,000,000

$10,000,000
to
$50,000,000

Over
$50,000,000

(In thousands of dollars)
80,043
59.792
20,251

987,574
930.499
57,075

1,325,965
1.257.279
68,686

2,066,023
1.987.174
78,849

2,829,210
2,758,652
70,558

4,088,711
3.963.015
125,696

3,256,031
3.215.230
40,801

7,289,462
6,808,202
481,260

25.617.705
24.979.116
638.589

U n ite d S t a t e s .........
Insured banks........
Noninsured banks.

47,371,255
45,953,500
1,417,755

79,869
59.792
20,077

987,334
930.499
56,835

1,325,415
1.257.279
68,136

2,061,344
1.987.174
74,170

2,817,283
2,753,193
64,090

4,059,517
3.963.015
96,502

3,248,687
3.215.230
33,457

7,174,101
6,808,202
365,899

25.617.705
24.979.116
638.589

P o s s e s s io n s .............
Insured banks........
Noninsured banks.

169,469
5,459
164,010

174

240

550

4,679

7,344

115,361

240

550

4,679

11,927
5,459
6,468

29,194

174

29,i94

7,344

115,361

252,264
249,836
2,428
70.157
70.157

2,610
2,484
126

11,682
11,112
570
213
213

21,350
20,751
599

22,277
21,144
1,133
2.455
2.455

26.991
26.991

33.841
33.841

1.023
1.023

17.076
17.076

20.871
20.871

28.519
28.519

157,670
156,301
1,369
3,762,550
3,732,644
29,906
310,760
307,567
3,193

3,645
3,423
222
517
456
61
916
748
168

10,760
10,048
712
197,957
197,760
197
5,778
4,997
781

18,899
18,464
435
19.025
19.025

18.775
18.775

23.562
23.562

15.591
15.591

40.887
40.887

25.551
25.551

39.983
39.983

24.317
24.317

248,751
229,407
19,344
130.444
130.444

3.035.395
3.035.395

19,732
18,521
1,211

105,683
96,622
9,061
27.543
27.543

65.280
65.280

12,180
11,147
1,033

49,959
48,716
1,243
30.676
30.676

533,337
460,089
73,248
130,897
130,497
400
326.096
326.096

129
123

1,429
1,285
144
762
762

4,799
2,527
2,272
3,808
3,502
306
388

10,850
9,892
958
6.625
6.625

38,563
31,832
6,731
11.555
11.555

86,610
82,420
4,190
11.414
11.414

102,908
95,662
7,246
16.256
16.256

223,233
171,532
51,701
80.178
80.178

64.816
64.816

984
984

3.279
3.279

15.302
15.302

42.917
42.917

115.085
115.085

148.141
148.141

13.256
13.256

17,679
17,157
522
25.054
25.054

43,148
41,517
1,631
33,119
32,089
1,030

44.685
44.685

16,808
16,808

163.049
163.049

39.198
39.198

23.963
23.963

54.543
54.543




305,039
302,436
2,603
412,607
405,623
6,984

6

299
205
94

663
591
72
4,366
2,559
1,807

5,751
5,373
378
14,825
12,486
2,339

24,661
22,853
1,808

52.996
52.996

59.174
59.174

192.878
192.878

CORPORATION

C o n n e c t i c u t ..................
Insured banks.............
Noninsured banks. . .
D e la w a re ........................
Insured banks.............
Noninsured banks. . .
D is tr ic t o f C o lu m b i a .
Insured banks.............
Noninsured banks. . .
F lo r id a ............................
Insured banks.............
Noninsured banks. . .
G e o r g ia ...........................
Insured banks.............
Noninsured banks. . .

80.517
80.517

INSURANCE

S ta te
A la b a m a ....................
Insured banks........
Noninsured banks.
A r iz o n a .......................
Insured banks........
Noninsured banks.
A r k a n s a s ....................
Insured banks........
Noninsured banks.
C a lifo r n ia ..................
Insured banks........
Noninsured banks.
C o lo r a d o ....................
Insured banks........
Noninsured banks.

”

DEPOSIT

47,540,724
45,958,959
1,581,765

FEDERAL

U n ite d S ta tes a n d p osses­
sio n s— t o t a l .............................
Insured banks...........................
Noninsured banks....................

$100,000
and
under

239.274
239.274

' 289,709
289,709

‘ 64,078
64,078

* 21*3,4 iO '
213,410

59.723
59.723

133.668
133.668

22.092
22.092

71.552
71.552

62,812
56,812
6,000
29.644
29.644

6 4,768
62,471
2,297
20.566
20.566

54.793
54.793

33.158
33.158

95.779
95.779

53,1C6
53,106

26.079
26.079

29.078
29.078

168,202
168,202

110.131
110.131

9,847
8,574
1,273
30.763
30.763

26,082
24,668
1,414
45.705
45.705

59,769
54,844
4,925
47.366
47.366

62,055
53,010
9,045
54.479
54.479

37.508
37.508

6.420
6.420

34,791
33,413
1,378
12,990
12,511
479
3,011
1,943
1,068
14.487
14.487

519
519

5.797
5.797

26,849
26,171
678

58,273
56,308
1,965

188,610
184,799
3,811

200.587
200.587

17,542
15,499
2,043
32,115
29,953
2,162
8,495
7,858
637
255,075
251,925
3,150
5.726
5.726

54,546
51,391
3,155
82,967
81,559
1,408
21,323
20,608
715
52,057
50,264
1,793
11.714
11.714

62,246
60,477
1,769
94,633
92,421
2,212
29,962
28,020
1,942
65,723
64.109
1,614
16.110
16,110

92,558
89,028
3,530
67,100
64,459
2,641
34,676
33,518
1,158
62.775
62.775

108,670
103,743
4,927
82,961
80,762
2,199
38.546
38.546

123.889
123.889

155.247
155.247

672.152
672.152

29.028
29.028

68.335
68.335

389.480
389.480

99.396
99.396

117.933
117.933

175.394
175.394

536.920
536.920

15.791
15.791

34.026
34.026

25.020
25.020

22,882
22,882

35,767
35,166
601
22,974
19,977
2,997
30,743
26,098
4,645
45,739
29,281
16,458

78,054
75,723
2,331
54,414
50,901
3,513
76,532
67,993
8,539
58,042
41,895
16,147

422,848
410,057
12,791
402,939
402,412
527
198,521
180,796
17,725
585,012
536,213
48.799
1,854,866
1,799,832
55.034

3,644
2,171
1,473
954
906
48

19,997
18,354
1,643
5.295
5.295

1,287,949
1,272,016
15,933
850,405
838,870
11,535
174,697
170,139
4,558
1,372,308
1,364,648
7,660
131,675
131,629
46

1,099
590
509
3,786
2,873
913
932
826
106
7,035
5,932
1,103
406
360
46

M ic h ig a n ..............................
Insured banks...................
Noninsured ban ks...........
M in n e s o t a ............................
Insured banks...................
Noninsured ban ks...........
M is s is s ip p i...........................
Insured banks...................
Noninsured ban ks...........
M is s o u r i................................
Insured banks...................
Noninsured ban ks...........
M o n t a n a ..............................
Insured banks...................
Noninsured ban ks............

249
249
151
151

205,260
156,461
*48,799
363,609
315,029
48,580

2.600.633
2.600.633
98.201
98.201

1?0,381
180,381
1,010,554*
1,010,554

OFFICES

2,600
2,365
235
1,724
1,197
527
884
237
647
8,052
2,895
5,157

O BANKING
F

5.932
5.932

DEPOSITS

5.622
5.622

K e n t u c k y .............................
Insured banks...................
Noninsured ban ks...........
L o u is ia n a ..............................
Insured banks...................
Noninsured ban ks...........
M a i n e .....................................
Insured banks...................
Noninsured ban ks...........
M a r y la n d ..............................
Insured banks...................
Noninsured ban ks...........
M a s s a c h u s e t t s ...................
Insured banks...................
Noninsured ban ks...........

40.763
40.763

129




125,074
124,527
547
65,506
63,212
2,294
114,352
105,100
9,252
62,883
49,949
12,934

22,660
16,741
5,919
261,554
256,072
5,482
100,202
97,864
2,338
62,360
58,245
4,115
S6,C64
56,064

1.944
1.944

83,125
75.799
7,326
3,789,636
3,778,603
11.033
734,433
720,901
13,532
589,377
555,880
33,497
396,334
339,042
57,292

39.283
39.283

7,470
6,063
1,407
156,971
155,134
1,837
113,924
112,061
1,863
111,115
104,816
6,299
71,910
65,314
6,596

214
214

I d a h o ......................................
Insured banks...................
Noninsured ban ks...........
I llin o is ...................................
Insured banks...................
Noninsured ban ks...........
I n d ia n a .................................
Insured banks...................
Noninsured banks...........
I o w a .......................................
Insured banks...................
Noninsured ban ks...........
K a n s a s ...................................
Insured banks...................
Noninsured ban ks...........

Table 112. A v e r a g e D e p o s i t s o f O p e r a t in g C o m m e r c ia l B a n k s D u r in g 19361 — Continued
IN SURED AND NONINSURED BANKS GROUPED BY AMOUNT OF DEPOSITS IN EACH STA TE AND IN T H E POSSESSIONS

CO

o

Banks with daily average deposits, or with deposits on December 31, 1936, of— 1
All banks

$100,000
and
under

$100,000
to
$250,000

$250,000
to
$500,000

$500,000
to
$1,000,000

$1,000,000
to
$2,000,000

$2,000,000
to
$5,000,000

$5,000,000
to
$10,000,000

$10,000,000
to
$50,000,000

16.978
16.978

150.263
150.263

Over
$50,000,000

14,018,239
13,298,539
719,700
386,818
382,124
4,694
98,839
69,554
29,285
2,024,612
2,018,966
5,646
415,023
412,457
2,566

372

O r e g o n ......................
Insured b a n k s.. ..
Noninsured banks
P e n n s y lv a n ia .........
Insured b a n k s.. ..
Noninsured banks
R h o d e I s la n d .........
Insured b a n k s.. ..
Noninsured banks,

262,153
257,245
4,908
4,465,215
4,413,400
51,815
297,151
233,499
63,652




177
77
77
193
193

372
1,139
978
161
3,679
3,269
410
590
495
95
2,924
2,599
325
99
99
549
455
94
30
30

202
1,082
887
195
1,136
1,022
114
291
291

44,250
41,437
2,813
1,318
490
828
4,427
4,038
389
14.081
14.081
5.388
5.388

7,164
6,730
434
10,130
10,000
130
11,481
10,701
780
17,690
16,153
1,537
23,907
22,288
1,619

86,701
85,996
705
19,128
18,740
388
13,399
12,962
437
72,426
69,564
2,862
37,566
36,944
622

4,657
4,315
342
14,397
13,949

38,082
37,166
916
1.382
1.382

28,193
26,520
1,673
3.641
3.641

28.380
28.380

15,326
12,463
2,863
62,555
61,058
1,497
7,954
7,362
592

13.939
13.939
169.577
169.577

24,323
21,432
2,891
261.117
261.117

226.708
226.708

7.268
7.268

6.898
6.898

20.402
20.402

127,837
127,305
532
24.780
24.780

245,481
243,733
1,748
52.740
52.740

363.919
363.919

6.499
6.499

12.495
12.495

478,256
455,712
22.544
53,559
49.544
4,015
17.186
17.186

3.096
3.096

17.713
17.713
23.870
23.870

24.623
24.623
6.442
6.442

617,467
587,728
29,739

261.791
261.791

764,312
709,536
54,776
72.951
72.951

11,944,197
11,305,608
638,589
127.768
127.768

27,658

129,977
128,825
1,152
37.950
37.950

161.604
161.604

233.500
233.500

149.926
149.926

27,658
244.608
244.608

37.465
37.465

64.654
64.654

19.235
19.235

81.700
81.700

109.622
109.622

9.271
9.271

12.496
12.496

17.633
17.633

5.940
5.940

11.245
11.245

184.061
184.061

63,673
62,345
1,328

202,222
196,732
5,490
1.766
1.766

352,824
349,621
3,203
7,323
1,532
5,791

16,751
12,284
4,467
635.349
635.349

483,621
474,023
9,598
13.843
13.843

635,336
603,682
31,654
134,842
81,194
53,648

2.077.244
2.077.244

23,005
18,792
4,213

1.014.291
1.014.291

116,342'
116,342

CORPORATION

N ew Y o r k .................
Insured b a n k s.. . .
Noninsured banks
N o rth C a r o lin a . . .
Insured b a n k s.. ..
Noninsured banks
N o rth D a k o t a ........
Insured b a n k s.. . .
Noninsured banks
O h io ...........................
Insured banks. . . .
Noninsured banks
O k la h o m a ...............
Insured b a n k s.. . .
Noninsured banks

177

27,812
24,117
3,695
202

INSURANCE

3,631
1,911
1,720

DEPOSIT

337,589
326,772
10,817
27,352
26,322
1,030
83,144
76,629
6,515
1,614,509
1,583,082
31,427
48,394
47,802
592

FEDERAL

(In thousands of dollars)
N e b ra s k a ..................
Insured b a n k s.. . .
Noninsured banks
N e v a d a ......................
Insured banks. . . .
Noninsured banks
N ew H a m p s h ir e ...
Insured b a n k s.. . .
Noninsured banks
N ew J e r s e y ..............
Insured b a n k s.. . .
Noninsured banks
N ew M e x ic o ............
Insured b a n k s.. . .
Noninsured banks

55.062
55.062

139,154
130,174
8,980
87,781
87,162
619

2,061
1,298
763
3.039
3.039

5,683
4,428
1,255
15.416
15.416

10,413
9,133
1,280
10,281
10,281

13,897
11,249
2,648
9,946
9,327
619

18,186
15,152
3,034
16.643
16.643

22.509
22.509

11.343
11.343

16.945
16.945

15.511
15.511

Tennessee..................
Insured banks........
Noninsured banks.
T exas............................
Insured banks........
Noninsured banks.
U t a h ............................
Insured banks........
Noninsured banks.
V erm on t....................
Insured banks........
Noninsured banks.
Virginia......................
Insured banks........
Noninsured banks.

456,434
453,717
2,717
,140,538
.,113,766
26,772
147.599
147.599

3,914
3,505
409
8,280
6,619
1,661
97
97

17,331
17,089
242
44,414
39,129
5,285
1.342
1.342

24.011
24.011

36,736
35,572
1,164
107,279
104,838
2,441
25.438
25.438

23.451
23.451

35.957
35.957

225.864
225.864

56.358
56.358

80,958
75,538
5,420
7.117
7.117

32,812
31,910
902
104,675
98,381
6,294
7.234
7.234

146,828
141,157
5,671
5.089
5.089

128.717
128.717

449.502
449.502

69.885
69.885

5.953
5.953

95.329
95.329

525
525

6.567
6.567

13.950
13.950

30.036
30.036

39.173
39.173

12.242
12.242

530,565
530.022
543

1.084
1.084

9.380
9.380

28.193
28.193

64,870
64,327

68.500
68.500

81.577
81.577

60.456
60.456

147.445
147.445

69.060
69.060

W ash in gto n ..............
Insured banks........
Noninsured banks.
W est Virginia...........
Insured banks........
Noninsured banks.
W is c o n s in ................
Insured banks........
N oninsured ban ks.
W y o m in g ...................
Insured banks........
Noninsured banks.

415,194
402.023
13,171
266,647
260,308
6,339
810,702
802,154
8,548
59.608
59.608

1,076
971
105
97

6,076
5,662
414
4,314
3,895
419
23,998
23,731
267
1.149
1.149

15,770
15,460
310
17,136
15,920
1,216
62,259
59,700
2,559
6.369
6.369

28,992
27,612
1,380
34,748
32,937
1,811
106,299
103,707
2,592
8.345
8.345

35,707
32,313
3,394
37.807
37.807

24.814
24.814

40,894
33,326
7,568
17.529
17.529

72.108
72.108

189.757
189.757

95.813
95.813

109.333
109.333

102.493
102.493

DEPOSITS

South Carolina
Insured ban ks........
Noninsured banks.
South D akota..........
Insured banks........
Noninsured banks.

O
F

107.626
107.626

71.655
71.655
192.371
192.371

13.401
13.401

OFFICES

11.583
11.583

83,361
80,565
2,796
111,214
108,276
2,938
18.483
18.483

BANKING

97
1,789
1,597
192
278
278

1Deposits of insured banks are daily averages for the year; those of noninsured banks are as of December 31, 1936. Excludes 12 insured banks not members of the Federal
Reserve System and 1 national bank, with deposits on December 31,1936, of $2,811,000 and $918,000 respectively, for which daily average deposits are not available. See also
the N O T E on page 124.




CO

T a b le 113. D EPO SITS OF OPERATING M U TU A L SAVINGS BANKS, D EC EM BER 31, 19361
IN SURED AND NONINSURED BANKS GROUPED BY AMOUNT OF DEPOSITS IN EACH S TA TE
Banks with daily average deposits, or with deposits on December 31, 1936, of— 1
$100,000
to
$250,000

$250,000
to
$500,000

$500,000
to
$1,000,000

$1,000,000
to
$2,000,000

$2,000,000
to
$5,000,000

$5,000,000
to
$10,000,000

$10,000,000
to
$50,000,000

Over
$50,000,000

829,744
79,214
750,530

3,602,701
119,811
3,482,890

5,026,621
729,817
4,296,804

c [n thousands oif dollars)
U n ite d S ta tes— t o t a l ...............




21,027
5,155
15,872

95,099
13,395
81,704

470,614
36,762
433,852

704,897

1,770

17,618

74,618

125,618

414,034

71,239

704,897
34,098

1,770

17,618

74,618

125,618
8,152

414,034
25,946

71,239

3.493
3.493
12,289
12,289
1,820

42,526
4,900
37,626
2,537

8,152
13,891
7,383
6,508
24,058
6,974
17,084
8,935

25,946

2.891
2.891

40,823
109,985

91,728

1,820

2,537

8,935

109,985

91,728

300

34,098
20,275
13,767
6,508
125,127
14,564
110,563
216,550
1,255
215,295

1,946
731
1,215

252
252
290

5,179
2,690
2,489
1.255
1.255

290

40,823

2,132,707

92

165

5,457

22,959

187,464

344,784

1,025,674

546,112

2,132,707
65.478
65.478

92

165

5,457

22,959

187,464

344,784

1,025,674

546,112
65.478
65.478

186,654

346

5,175

15,828

55,185

23,245

86,875

186,654
327,911
136,270
191,641
5,243,138
500,808
4,742,330

346
439
439

5,175
512
512
981

15,828
2,623
1,069
1,554
9,636

55,185
8,506
4,837
3,669
67,953

23,245
61,338
37,068
24,270
191,934

86,875
163,243
92,345
70,898
1,527,202

981

9,636

67,953

191,934

1,527,202

91,250
91,250
3,445,432
500,808
2,944,624

CORPORATION

M a s s a c h u s e t t s ........................
Insured banks.......................
Noninsured ban ks................
M in n e s o t a ................................
Insured banks.......................
Noninsured ban ks................
N ew H a m p s h ir e .....................
Insured banks.......................
Noninsured ban ks................
N ew Jersey
........................
Insured banks.......................
Noninsured ban ks................
N ew Y o r k ..................................
Insured banks.......................
Noninsured banks................

300

INSURANCE

S ta te
C o n n e c tic u t . .
Insured banks.......................
Noninsured banks
D e la w a r e ...................................
Insured banks.......................
Noninsured b an k s................
I n d ia n a ......................................
Insured banks.......................
Noninsured b an k s................
M a i n e .........................................
Insured b an k s.......................
Noninsured ban k s................
M a r y la n d ............
Insured banks.......................
Noninsured banks
..

230
138
92

DEPOSIT

Noninsured ban ks....................

10,048,282
985,023
9,063,259

FEDERAL

All banks

$100,000
and
under

1.382
1.382

1.097
1.097

1.097
1.097

569,528
5,624
563,904
174,662

135

57.627
57.627

327
292
292

4.848
4.848
698
698

138
138

77,851

486,053

4,800

327

135

77,851
103,602

486,053
65,798

103,602
27.466
27.466

65,798

4,800
13.629
13.629
2.446
2.446

1.506
1.506

2.435
2.435

20.698
20.698

54.483
54.483

BANKING

1
Deposits of insured banks are daily averages for the year; those of noninsured banks are as of December 31, 1936.

OFFICES

133




109.048
109.048

5.624
5.624

174,662
66.933
66.933

4.079
4.079

7.091
7.091

O
F

W ash in gto n ..............
Insured banks........
Noninsured banks.
W isconsin..................
Insured banks........
Noninsured banks.

117.521
117.521

DEPOSITS

O h io .............................
Insured banks........
Noninsured banks.
O regon........................
Insured banks........
Noninsured banks.
Pennsylvania............
Insured banks.........
Noninsured ban ks.
Rhode Islan d ...........
Insured banks........
Noninsured ban ks.
V erm on t.....................
Insured banks........
Noninsured banks.

134

FEDERAL DEPOSIT INSURANCE CORPORATION
A SS E T S A N D L IA B IL IT IE S O F O P E R A T IN G B A N K S

T a b le 114. SUMMARY OF ASSETS AND LIABILITIES OF OPERATING COMMERCIAL
B a n k s i n t h e U n i t e d S t a t e s a n d P o s s e s s i o n s , D e c e m b e r 31, 1935,
J u n e 30, 1936, a n d D e c e m b e r 31, 1936
1935
Dec. 31

June 30 .

Dec. 31

(In millions of dollars)
A ll b an k s
ASSETS
Cash and amounts due from other ban ks.............................................
United States Government obligations, direct and fully guaranteed
Other securities............................................................................................
Loans, discounts, and overdrafts............................................................
Miscellaneous assets...................................................................................
T o t a l a s s e t s ........................................................................................

14,320
13,826
7,115
15,143
2,373
52,777

14,516
15,346
7,714
15,547
2,357
55,480

16,255
15,290
7,888
16,390
2,333
58,156

L IA B IL IT IE S
T otal deposits..............................................................................................
Miscellaneous liabilities.............................................................................
Total capital a ccou nt.................................................................................
T o t a l lia b ilitie s a n d c a p ita l a c c o u n t ......................................

45,611
649
6,517
52,777

48,161
715
6,604
55,480

50,840
680
6,636
58,156

Number of banks:
Included in above figures......................................................................
N ot included in above figures.............................................................
Total operating.......................................................................................

15,312
62
15,374

15,211
62
15,273

15,092
59
15,151

In su red b an k s

(In millions of dollars)

ASSETS
Cash and amounts due from other banks...............................................
United States Government obligations, direct and fully guaranteed.
Other securities.............................................................................................
Loans, discounts, and overdrafts..............................................................
Miscellaneous assets.....................................................................................
T o ta l a s s e ts .......................................................................................

13,851
13,275
6,841
14,698
2,253
50,918

14,039
14,772
7,412
15,107
2,248
53,578

15,731
14,749
7,558
15,940
2,218
56,196

L IA B IL IT IE S
Total deposits................................................................................................
Miscellaneous liabilities...............................................................................
Total capital account...................................................................................
T o ta l lia b ilitie s a n d ca p ita l a c c o u n t ........................................

44,126
582
6,210
50,918

46,626
654
6,298
53,578

49,258
609
6,329
56,196

Number of banks:
Included in above figures........................................................................
N ot included in above figures1 ..............................................................
Total operating.........................................................................................

14,123
3
14,126

14,059
6
14,065

13,970
3
13,973

N on in su red b an k s

(In millions of dollars)

ASSETS
Cash and amounts due from other banks.............................................
United States Government obligations, direct and fully guaranteed
Other securities............................................................................................
Loans, discounts, and overdrafts............................................................
Miscellaneous assets...................................................................................
T o t a l a s s e ts ........................................................................................

469
551
274
445
120
1,859

477
574
302
440
109
1,902

524
541
330
450
115
1,960

L IA B IL IT IE S
Total deposits..............................................................................................
Miscellaneous liabilities.............................................................................
Total capital account.................................................................................
T o t a l lia b ilitie s a n d ca p ita l a c c o u n t ......................................

1,485
67
307
1,859

1,535
61
306
1,902

1,582
71
307
1,960

Number of banks:
Included in above figure.......................................................................
Statements of assets and liabilities not available.........................
Total operating.......................................................................................

1,189
59
1,248

1,152
56
1,208

1,122
56
1,178

*(a) On December 31, 1935, 1 trust company not engaged in deposit banking, 1 Deposit Insurance
National Bank, and 1 bank not a member of the Federal Reserve System from which a report was not
received; (b) on June 30,1936, 2 trust companies not engaged in deposit banking, and 4 banks not member
of the Federal Reserve System from which reports were not received or were received too late for com ­
pilation; (c) on December 31, 1936, 2 trust companies not engaged in deposit banking, and 1 bank not a
member of the Federal Reserve System from which a report was not received.




135

ASSETS AND LIABILITIES OF OPERATING BANKS
T a b le 115.

SUMMARY OF ASSETS AND L IA B IL IT IE S OF OPE R ATIN G M U T U A L
S a v i n g s B a n k s i n t h e U n i t e d S t a t e s , D e c e m b e r 31, 1935,
J u n e 30, 1936, a n d D e c e m b e r 31, 1936

1936
D ec. 31

June 30

(In millions of dollars)
A ll b an k s
ASSETS
Cash and amounts due from other banks.............................................
United States Government obligations, direct and fully guaranteed
Other securities............................................................................................
Loans, discounts, and overdrafts............................................................
Miscellaneous assets...................................................................................
T o t a l a s s e t s ........................................................................................

552
1,684
2,920
5,127
875
11,158

544
1,984
2,795
5,030
937
11,290

565
2,188
2,730
4,973
942
11,398

L IA B IL IT IE S
Total deposits..............................................................................................
Miscellaneous liabilities.............................................................................
T otal capital a ccou nt.................................................................................
T o t a l lia b ilitie s a n d c a p ita l a c c o u n t ......................................

9,880
21
1,257
11,158

9,975
23
1,292
11,290

10,061
19
1,318
11,398

565

563

Number of banks........................................................................................
In su red b an k s

(In millions of dollars)

ASSETS
Cash and amounts due from other banks.............................................
United States Government obligations, direct and fully guaranteed
Other securities...........................................................................................
Loans, discounts, and overdrafts............................................................
Miscellaneous assets...................................................................................
T o ta l a s s e ts .......................................................................................

68
179
284
489
88
1,108

70
210
271
476
95
1,122

70
237
262
469
94
1,132

L IA B IL IT IE S
Total deposits...............................................................................................
Miscellaneous liabilities.............................................................................
Total capital accou nt.................................................................................
T o t a l lia b ilitie s a n d ca p ita l a c c o u n t ......................................

978
4
126
1,108

988
4
130
1,122

998
3
131
1,132

Number of banks........................................................................................

56

56

56

N on in su red b an k s

(In millions of dollars)

ASSETS
Cash and amounts due from other banks...............................................
United States Government obligations, direct and fully guaranteed
Other securities..............................................................................................
Loans, discounts, and overdrafts..............................................................
Miscellaneous assets.....................................................................................
T o t a l a s s e ts ..........................................................................................

484
1,505
2,636
4,638
787
10,050

474
1,774
2,524
4,554
842
10,168

495
1,951
2,468
4,504
848
10,266

LIA B IL IT IE S
Total deposits................................................................................................
Miscellaneous liabilities...............................................................................
Total capital accou nt...................................................................................
T o ta l lia b ilitie s a n d ca p ita l a c c o u n t ........................................

8.902
17
1,131
10,050

8,987
19
1,162
10,168

9,063
16
1,187
10,266

Number of banks..........................................................................................

510

509

507




Table 116.

A s s e t s AND L IA B IL IT IE S OF OPERATING IN SURED COMMERCIAL BA NKS, C A LL P A T E S , JU N E 30, 1934, TO D EC EM BER 31, 1936
1934

1936

1935

June 30
Num ber of banks1...............................................................................................

June 29

December 31

June 30

December 31

13,896

14,137

14,175

14,123

14,059

13,970

(In thousand s of dollars)
869,626
5,573,212
38,008

915,988
5,607,119
35,951

917,310
6,571,694
36,545

1,302,378
2,232,294
126,325
145,652
1,093,987

1,480,875
2,559,545
152,784
190,363
1,944,295

1,612,871
2,759,445
150,266
76,225
1,219,335

1,817,424
3,033,305
160,645
54,889
2,304,017

1,869,377
3,201,486
159,674
55,409
2,194,114

1,898,633
3,493,012
160,908
57,603
2,594,855

9,342,795

11,202,101

11,456,907

13,851,126

14,039,118

15,730,560

D ire c t o b lig a tio n s o f th e U n ite d S ta te s G o v e r n m e n t:
B onds.......................................................................................................................................
Treasury notes.......................................................................................................................
Treasury bills.........................................................................................................................
T o t a l d ir e c t o b lig a tio n s o f th e U n ited S ta tes G o v e r n m e n t ..................

5,210,244
3,046,894
1,450,838
9,707,976

5,069,132
4,401,740
1,032,187
10,503,059

4,889,004
4,476,099
1,104,669
10,469,772

4,369,967
5,603,462
1,195,007
11,168,436

5,816,750
5,428,167
1,270,127
12,515,044

6,724,308
4,755,941
1,055,211
12,535,460

O b lig a tio n s f u lly g u a r a n te e d b y th e U n ited S ta tes G o v e r n m e n t :
Reconstruction Finance C orporation..............................................................................
Federal Farm Mortgage Corporation..............................................................................
Home Owners’ Loan Corporation.....................................................................................
T o ta l o b lig a tio n s fu lly g u a r a n te e d b y th e U. S. G o v e r n m e n t .............

235,942
61,585
8
295,997
593,524

245,462
326,788
637,585
1,209,835

246,715
447,451
1,188,051
1,882,217

243,393
563,041
1,300,419
2,106,853

238,076
575,357
1,444,000
2,257,433

212,709
568,258
1,433,126
2,214,093

O th e r s e cu ritie s :
Obligations of:
TTnmo ^^rnD^a, T n PnTnrWQfiAn o * l ! P P r i oq f r lntprpcit ntllv
\
Federal Land banks........................................................................................................
Federal Intermediate Credit ban ks.............................................................................
States and their political subdivisions........................................................................
Territorial and insular possessions of the United S tates.......................................
Railroads.................................................................................................................. ..........
Public utilities...................................................................................................................
Real estate corporations.................................................................................................
Other domestic corporations5 .......................................................................................
Stock of Federal Reserve ban ks.......................................................................................
Stock of other domestic corporations..............................................................................
Foreign securities— public and p rivate...........................................................................
T o t a l o t h e r s e c u r it ie s .............................................................................................

J 273,466 f
(<>
I
}
2,256,316
23,256
915,267
902,784
106,673
703,466
145,990
535,131
334,236
6,196,585

136,791
177,353
119,520
2,388,770
21,916
980,743
908,600
101,533
691,339
146,553
489,402
296,093
6,458,613

10,498
205,925
134,422
2,558,536
21,507
1,025,574
975,497
97,597
711,150
146,382
501,800
295,610
6,684,498

224,116
98,702
2,633,631
24,326
1,017,472
1,090,295
97,632
745,078
130,317
486,065
293,465
6,841,099

258,191
139,687
2,758,456
19,521
1,173,943
1,176,996
91,988
853,656
130,810
510,502
297,859
7,411,609

229,903
114,260
2,734,041
22,089
1,232,832
1,287,352
89,507
932,697
130,744
505,643
278,638
7,557,706

Other time balances with banks in the United S tates...............................................
Balances with banks in foreign countries......................................................................
Cash items in process of collection..................................................................................
T o ta l ca s h , b a la n ces w ith o th e r b a n k s, a n d ca sh ite m s in process o f
c o l l e c t i o n ..................................................................................................................




CORPORATION

705,488
4,933,277
(2
)

INSURANCE

792,674
4,081,565
(2
)

DEPOSIT

622,749
3,819,410
(2
)

FEDERAL

A SSETS
C a sh , b a la n c e s w ith o t h e r b a n k s, a n d ca s h ite m s in process o f c o lle c t io n :
Coin and cu rrency................................................................................................................
Reserve with Federal Reserve b an k s..............................................................................
Balances with private banks and American branches of foreig n ban ks.................
Other demand balances with banks in the United States :
In New York C it y ...........................................................................................................

December 31

3,294,779
5,901,592
6,966
14,495,455

M is ce lla n e o u s a sse ts:
Banking house, furniture and fixtures...........................................................................
Other real estate ow ned.....................................................................................................
Customers’ liability on account of acceptances..........................................................
Redemption fund and due from United States Treasurer........................................
Borrowed securities..............................................................................................................
Other assets...........................................................................................................................
T o ta l m is c e lla n e o u s a s s e t s ..................................................................................

1,212,843
426,996
254,360
36,249
5,110
470,672
2,406,230

1,212,438
465,313
243,093
33,956
3,641
504,067
2,462,508

1,209,938
507,573
158,934
11,842
2,306
372,177
2,262,770

T o t a l a s s e t s ................................................................................................................

43,435,788

46,439,270

8

284,725
17,751
201,164
138,969
127,807
993,856
197,497
497,475
2,832,874

309,903
29,377
181,539
174,874
105,322
1,064,772
203,078
487,505
2,835,257
3,228,460
6,068,215
9,679
14,697,981

318,879
17,979
144,298
118,780
86,865
1,097,524
273,513
489,244
2,876,819
661,606
6
229,765
3,193,292
5,591,228
7,393
15,107,185

3,102,832
6,270,346
10,011
15,939,722

1,196,266
550,723
180,495

1,194,621
574,024
159,267

1,177,752
560,468
181,281

1,489
323,095
2,252,068

1,000
319,091
2,248,003

1,115
297,760
2,218,376

47,251,619

50,917,563

53,578,392

56,195,917

$

(2
?

378.018
18,703
161.019
133,090
90,269
1,172,495
274,269
487,604
2,959,251

L IA B IL IT IE S AND C A P IT A L

LIABILITIES

3,492,460
5,751,098
9,729
14,603,154

8

257,223
31,987
257,273
235,382
163,951
876,561
191,825
499,251
2,836,414

AD
N

3,713,803
5,789,309
7,680
15,188,678

218,727
20,559
265,222
216,690
165,095
1,116,165
213,261
555,885
2,906,282

ASSETS

L o a n s , d is c o u n ts , a n d o v e r d ra fts (in c lu d in g r e d is c o u n t s ):
Commercial paper bought in open m arket....................................................................
N otes, bills, acceptances, etc., payable in foreign countries....................................
Acceptances of other banks payable in the United States........................................
Reporting banks’ own acceptances..................................................................................
Loans to banks......................................................................................................................
Loans to brokers and dealers in securities— In New York C it y ..............................
Elsewhere..............................................
Loans on farm land.............................................................................................................
Loans on other real estate.................................................................................................
Agricultural loans (excluding loans on farm land)......................................................
Commercial and industrial loans.....................................................................................
All other loans— On securities..........................................................................................
Otherwise secured and unsecured....................................................
Overdrafts..............................................................................................................................
T o t a l lo a n s, d is c o u n ts , a n d o v e r d r a fts ..........................................................

14,881,070
1,708,141
2,023,548

16,717,180
1,686,555
2,265,552

18,029,625
804,567
2,586,882

20,074,063
881,308
2,674,238

21,463,913
1,105,886
2,885,335

23,419,236
946,564
2,916,202

400,287
19,013,046

862,934
21,532,221

445,727
21,866,801

921,170
24,550,779

832,437
26,287,571

935,237
28,217,239

T im e d e p o sits (exclu sive o f in te r b a n k d e p o s its ):
Individuals, partnerships, and corporations:
Evidenced by savings pass b o o k s..............................................................................
Certificates of deposit.....................................................................................................
Open accounts.................................................................................................................
Christmas savings and similar accou nts....................................................................
Postal savings........................................................................................................................
States and their political subdivisions............................................................................
T o t a l t im e d e p o s it s .................................................................................................

OPERATING

9,163,890
1,459,611
617,041
79,656
661,327
384,032
12,365,557

9,708,911
1,363,516
556,316
25,549
524,404
335,070
12,513,766

10,236,013
1,355,785
577,171
85,102
372,479
325,624
12,952,174

10,575,116
1,299,133
590,436
30,874
279,928
405,187
13,180,674

10,933,195
1,335,166
637,045
100,291
195,840
428,928
13,630,465

11,491,137
1,254,003
676,659
32,343
139,737
347,084
13,940,963

BANKS

I n t e r b a n k d e p o s it s :
Banks in the United S tates...............................................................................................
Banks in foreign countries.................................................................................................
T o t a l in t e r b a n k d e p o s it s ......................................................................................

4,270,506
164,485
4,434,991

4,794,507
155,846
4,950,353

5,201,586
279,638
5,481,224

5,941,190
452,978
6,394,168

6,232,648
475,065
6,707,713

6,657,491
442,291
7,099,782

T o t a l d e p o s it s ............................................................................................................

35,813,594

38,996,340

40,300,199

44,125,621

46,625,749

49,257,984

137




O
F

D e m a n d d e p o sits (exclu sive o f in te r b a n k d e p o sits):
Individuals, partnerships, and corporations.................................................................
United States Governm ent...............................................................................................
States and their political subdivisions...........................................................................
Cash letters of credit, certified, officers', and travelers’ checks outstanding,
and amounts due to Federal Reserve banks............................................................
T o t a l d e m a n d d e p o s it s ..........................................................................................

Table 116.

A s s e t s AND L IA B IL IT IE S OF OPERATING IN SURED COMMERCIAL BANKS, C A LL D A TE S , JU N E 30, 1934, TO D EC EM BER 31, 1936

— Continued

CO

00

June 30

1936

1935

1934
December 31

June 29

December 31

December 31

June 30

i

M is c e lla n e o u s lia b ilit ie s :
Bills payable, rediscounts, and other liabilities for borrowed m oney7 ...................
Securities borrow ed................................................................ ; ............................................
Mortgage bonds and participation certificates outstanding......................................
Acceptances outstanding executed by or for the account of reporting banks. . . .
Dividends declared but not yet payable8 ......................................................................
Other liabilities......................................................................................................................
T o ta l m is c e lla n e o u s lia b ilit ie s ............................................................................

78,850
5,110
61,387
279,212
(2
)
258,518
683,077

48,768
3,641
43,943
263,672
42,287
238,117
640,428

46,299
2,306
35,304
175,659
37,897
218,708
516,173

35,019
1,489
31,347
198,718
43,598
271,346
581,517

38,558
1,000
27,578
180,299
45,682
360,938
654,055

32,296
1,115
23,634
203,226
48,502
300,458
609,231

37,191,461

40,287,703

41,038,417

44,707,138

47,279,804

49,867,215

3,319,216
1,962,163
470,668
491,126
1,154
6,244,327

3,348,841
1,914,833
470,017
414,087
3,789
6,151,567

3,365,309
1,892,655
529,451
420,661
5,126
6,213,202

3,300,196
1,946,020
548,084
407,369
8,756
6,210,425

3,212,615
2,042,072
628,478
401,455
13,968
6,298,588

3,081,433
2,184,512
666,020
374,295
22,442
6,328,702

43,435,788

46,439,270

47,251,619

50,917,563

53,578,392

56,195,917

3,922,453
1,880,591

4,048,426
1,500,536

3,101,588
1,342,620

2,994,476
1,180,649

3,438,857
1,043,355

3,217,375
1,014,004

T o t a l lia b ilitie s (e x c lu d in g c a p ita l a c c o u n t ) .
C a p ita l a c c o u n t :
Capital stock, notes, and debentures.........................................................
Surplus...............................................................................................................
Undivided profits— n e t.................................... .. ...........................................
Reserve for contingencies and undeclared dividends8 ...........................
Retirement fund for preferred stock, capital notes, and debentures.
T o t a l c a p ita l a c c o u n t ........................................................................
T o t a l lia b ilitie s a n d c a p ita l a c c o u n t .
M EM ORANDUM
P led ged a ssets:
United States Government obligations, direct and fully guaranteed, pledged
to secure liabilities....................... .. . ...............................................................................
Other assets pledged to secure liabilities........................................................................

S ecu red a n d p re fe rr e d lia b ilitie s :
A H P-A R50
3,590,329
R,445 7P9
3,492,359
3,838,827
4.2^2 769
Deposits secured by pledged assets pursuant to requirement of law
E xcludes banks not members of the Federal Reserve System as follows: 43 on Jane 30, 1934; 12 on December 31, 1934; 4 on June 29, 1935; 3 on December 31, 1935;
6 on June 30, 1936; and 3 on December 31, 1936.
2 ot reported separately.
N
in clu d es Home Owners’ Loan Corporation 4 percent bonds guaranteed as to interest only.
4 ot available. See note 3.
N
in clu d es obligations of Joint Stock Land banks.
6
Amounts reported separately only for banks not members of the Federal Reserve System.
’ Includes agreements to repurchase securities sold and obligations on industrial advances transferred to Federal Reserve banks.
8Dividends declared but not yet payable includes for national banks, amounts set aside for dividends not declared, and for State banks members of the Federal Reserv e
System, amounts set aside for dividends not declared and for accrued interest on capital notes and debentures.




CORPORATION

222,045

INSURANCE

650,935

DEPOSIT

694,790

FEDERAL

(In thousancIs of dollars)
C ir c u la tin g n o t e s o u t s t a n d i n g ........................................................................................

Table 117.

A S S E TS AND L IA B IL IT IE S OF OPERATING IN SURED COMMERCIAL BA NKS NOT M E M B E R S OF T H E F E D E R A L R E S E R V E SYSTEM ,
C a l l D a t e s , J u n e 30, 1934, t o D e c e m b e r 31, 1936
1936

1935

1934

N um ber of banks1 ..............................................................................................

December 31

June 29

December 31

June 30

December 31

7,521

7,695

7,765

7,736

7,659

7,594

A SSET S
C a sh , b a la n c e s w ith o t h e r b a n k s, a n d ca s h ite m s in p rocess o f c o l l e c t i o n :
150,106
(2
)

184,072
(2
)

168,478
<2
)

204,848
1,249

202,567
1,488

219,930
900

AD
N
LIABILITIES

Balances with private banks and American branches of foreign banks.................
Other demand balances with banks in the United States:
In New York C ity ...........................................................................................................

(In thousarids of dollars)

256,956
972,764
42,534
4,101
49,262

261,386
1,016,739
43,363
3,711
46,621

298,823
1,174,202
48,716
2,123
61,580

1,092,997

1,275,139

1,335,900

1,531,714

1,575,875

1,806,274

D ire c t o b lig a tio n s o f t h e U n ited S ta tes G o v e rn m e n t:
B ond s......................................................................................................................................
Treasury notes......................................................................................................................
Treasury bills........................................................................................................................
T o ta l d ir e c t o b lig a tio n s o f th e U nited S tates G o v e r n m e n t..................

371,801
175,996
23,495
571,292

410,583
184,556
2,228
597,367

431,038
162,194
5,414
598,646

464,482
199,996
3,431
667,909

521,901
267,482
4,186
793,569

663,984
229,296
2,694
895,974

O b lig a tio n s f u l l y g u a r a n te e d b y t h e U n ited S ta tes G o v e rn m e n t:
Reconstruction Finance C orporation.............................................................................
Federal Farm M ortgage Corporation.............................................................................
Hom e Owners’ Loan Corporation...................................................................................
T o t a l o b lig a tio n s f u lly g u a r a n te e d by th e U. S. G o v e r n m e n t.............

922
20,461
363,498
84,881

4,073
84,688
131,866
220,627

2,991
114,204
206,641
323,836

1,989
127,535
209,465
338,989

1,994
116,966
188,016
306,976

2,381
110,870
195,124
308,375

25,643
41,338
2,231
441,135
4,815
187,760
193,797
26,794
137,365
118,632
51,828
1,231,338

3,109
43,456
1,055
457,024
4,708
200,516
210,820
26,066
142,160
118,914
49,525
1,257,353

48,955
873
474,534
5,908
195,635
234,648
23,307
159,390
106,910
49,558
1,299,718

49,828
2,686
494,189
3,911
225,605
250,841
22,675
173,324
95,995
47,522
1,366,576

45,343
3,192
525,403
4,315
240,898
285,267
20,532
201,162
94,828
42,139
1,463,079




J34,812 fI
(<
)
424,258
4,527
179,659
191,183
28,894
138,177
131,174
57,369
1,190,053

139

233,015
853,898
39,566
4,981
35,962

BANKS

199,984
804,602
39,645
5,848
40,988

OPERATING

185,723
682,672
32,316
4,972
37,208

O
F

Other time balances with banks in the United States...............................................
Balances with banks in foreign countries......................................................................
Cash items in process of collection.................................................................................
T o t a l c a s h , b a la n c e s w ith o t h e r b a n k s,a n d ca sh ite m s in p rocess o f
c o l l e c t i o n ................................................................................................................

O th e r s e cu ritie s:
Obligations of:
Home Owners’ Loan Corporation guaranteed as to interest on ly .......................
Federal Land banks........................................................................................................
Federal Intermediate Credit ban ks............................................................................
States and their political subdivisions.......................................................................
Territorial and insular possessions of the United States.......................................
Railroads............................................................................................................................
Public utilities..................................................................................................................
Real estate corporations................................................................................................
Other domestic corporations5 .......................................................................................
Stock of other dom estic corporations.............................................................................
Foreign securities— public and private..........................................................................
T o t a l o t h e r s e c u r it ie s ............................................................................................

ASSETS

June 30

T able 117.

A s s e t s AND L

i a b i l i t i e s OF OPERATING IN SURED COMMERCIAL BA NKS NOT M EM BERS OF
C a l l D a t e s , J u n e 30, 1934, t o D e c e m b e r 31, 1936— Continued

December 31

June 29

December 31

December 31

211,293
168,487
1,183
1,388
61,400
443,751

204,582
183,744
1,424
698
43,871
434,319

199,700
194,567
2,313
445
39,044
436,069

195,777
192,982
1,867
526
32,861
424,013

6,362,079

6,526,975

6,795,528

7,044,405

7,477,584

1,532,346
50,348
425,678

1,766,011
51,039
466,117

1,823,382
25,851
496,274

2,038,981
37,267
534,774

2,141,915
69,311
564,882

2,448,932
64,603
587,022

28,621
2,036,993

24,679
2,307,846

29,116
2,374,623

39,464
2,650,486

43,300
2,819,408

54,106
3,154,663

1,995,651
514,433
26,669
20,207
76,300
51,358
2,684,618

2.109.883
481,538
36,227
6,202
72,416
40,618
2.746.884

2,250,367
487,005
34,564
20,369
65,876
40,548
2,898,729

2,281,256
483,232
42,064
9,371
62,364
43,841
2,922,128

2,367,563
491,911
24,032
22,996
43,606
50,930
3,001,038

2,499,921
488,688
29,161
7,024
35,368
50,855
3,111,017

Loans on other real estate.................................................................................................
All other loans— On securities..........................................................................................
Otherwise secured and unsecured....................................................
Overdrafts..............................................................................................................................
T o t a l lo a n s, d is c o u n ts , a n d o v e r d r a fts ..........................................................

404,945
1,073,723
2,179
2,665,698

382,900
1,049,763
3,162
2,575,051

363,681
1,072,608
2,155
2,567,489

M is ce lla n e o u s a ssets:
Banking house, furniture and fixtures............................................................................
Other real estate ow ned......................................................................................................
Customers’ liability on account of acceptances...........................................................
Borrowed securities..............................................................................................................
Other assets...........................................................................................................................
T o ta l m is c e lla n e o u s a s s e t s ..................................................................................

215,026
140,648
1,444
2,586
86,352
446,056

211,351
151,757
1,142
1,745
96,562
462,557

T o t a l a s s e t s .................................................................................................................

6,050,977

L IA B IL IT IE S AND C A P IT A L
D e m a n d d e p o sits (exclu sive o f in te r b a n k d e p o s it s ):
Individuals, partnerships, and corporations.................................................................
United States G overnm ent................................................................................................
States and their political subdivisions............................................................................
Cash letters of credit, certified, officers’ , and travelers’ checks outstanding,
and amounts due to Federal Reserve banks.............................................................
T o t a l d e m a n d d e p o s it s ..........................................................................................
T im e d e p o sits (exclu sive o f in te r b a n k d e p o s it s ):
Individuals, partnerships, and corporations:
Certificates of deposit......................................................................................................
Christmas savings and similar accounts....................................................................
States and their political subdivisions............................................................................




CORPORATION

54,276
315
494
1,959
5,160
28,049
8,107
229,377
812,946
211,482
244,446
318,096
662,680
2,482
2,579,869

24,782
583
1,232
3,558
8,454
33,193
5,120
237,455
824,849

INSURANCE

335,917
1,068,632
2,954
2,522,879

40,932
284
231
1,589
6,173
18,629
7,191
233.088
792,797
240,992
229,765
329,840
662.089
1,740
2,565,340

18,723
357
1,482
6,532
12,029
34,538
5,723
267,405
838,062

DEPOSIT

(In thousancis of dollars)
37,954
37,621
460
459
528
537
5,477
3,751
7,337
8,753
17,897
19,224
6,810
5,688
236,290
238,946
802,623
814,066

June 30

FEDERAL

L o a n s , d is c o u n ts , a n d o v e r d ra fts (in c lu d in g re d is c o u n ts ):
........................................
Commercial paper bought in open m arket..........................^
N otes, bills, acceptances, etc., payable in foreign countries....................................
Acceptances of other banks payable in the United States........................................
Reporting banks’ own acceptances..................................................................................
Loans to banks......................................................................................................................
Loans to brokers and dealers in securities— In New York C it y ..............................
Elsewhere..........................................

1936

1935

1934
June 30

T H E F E D E R A L R E S E R V E SYSTEM ,

In t e r b a n k d e p o s its :
Banks in the United S ta tes...............................................................................................
Banks in foreign countries.................................................................................................
T o t a l in t e r b a n k d e p o s it s ......................................................................................

78,109
1,507
79,616

91,691
1,514
93,205

87,410
1,310
88,720

94,620
4,204
98,824

95,514
4,225
99,739

102,288
4,690
106,978

5,362,072

5,671,438

5,920,185

6,372,658

38,696
2,586
12,450
1,214
<2
)
55,401
110,347

29,640
1,745
8,678
905
1,975
74,129
117,072

30,023
1,388
7,729
1,090
1,621
23,476
65,327

20,820
698
6,905
1,147
2,579
26,688
58,837

18,706
445
6,801
2,078
1,683
31,286
60,999

15,116
526
5,101
1,739
3,071
25,850
51,403

T o t a l lia b ilitie s (e x c lu d in g c a p ita l a c c o u n t ) ...............................................

4,911,574

5,265,007

5,427,399

5,730,275

5,981,184

6,424,061

C a p ita l a c c o u n t :
Capital stock, notes, and debentures.............................................................................
S urplus....................................................................................................................................
U ndivided profits— n et.......................................................................................................
Reserve for contingencies and undeclared dividends..................................................
R etirem ent fund for preferred stock, capital notes, and debentures.....................
T o t a l ca p ita l a c c o u n t ............................................................................................

667,034
271,603
83,440
116,869
457
1,139,403

684,755
253,177
79,004
78,869
1,267
1,097,072

681,990
245,631
93,085
77,133
1,737
1,099,576

666,456
235,421
89,792
70,994
2,590
1,065,253

645,418
235,556
108,195
70,145
3,907
1,063,221

627,593
248,142
105,696
64,478
7,614
1,053,523

6,050,977

6,362,079

6,526,975

6,795,528

7,044,405

7,477,584

225,203
256,788

244,182
238,010

265,258
199,182

277,258
190,574

37,473
293
502,206

30,933
472
499,237

406,005
60,505
20,221
16,551
503 ’--- 1
2S2

408,743
74,008
14,645
13,113
51ft

T o t a l lia b ilitie s a r d c a p ita l a c c o u n t .......................

.........................

M EM ORANDUM

362,174 |

391,638




BANKS

E xcludes banks not members of the Federal Reserve System as follows: 43 on June 30, 1934; 12 on December 31, 1934; 4 on June 29, 1935; 3 on December 31, 1935;
6 on June 30, 1936; and 3 on December 31, 1936.
2 ot reported separately.
N
in clu d e s H om e Owners’ Loan Corporation 4 percent bonds guaranteed as to interest only.
4 ot available. See note 3.
N
in clu d e s obligations of Joint Stock Land banks.
■,
6Amounts reported separately only as of June 30, 1936, and December 31, 1936.
’ Includes agreements to repurchase securities sold.

OPERATING

S e cu re d a n d p re fe rr e d lia b ilit ie s :
Deposits secured by pledged assets pursuant to requirement of la w .....................
378,632
390,527
Deposits preferred under the provisions of law but not secured by pledge of assets6
Bills Davable. rediscounts, and other liabilities for borrowed m onev6 ...................
Other liabilities secured by pledged assets6 ................................................................. ......................................................
T o t a l ................................................................................................................

O
F

P le d g e d a s s e ts:
United States^Government obligations, direct and fully guaranteed, pledged to
secure liabilities.................................................................................................................
182,483
209,650
Other assets pledged to secure liabilities.......................................................................
370,742
306,713
Assets deposited with State authorities to qualify for the exercise of fiduciary
or com orate nowers. or Dled^ed for other nurnoses6. . . .................................
Securities loaned to banks, dealers in securities, and others6 .................................. ....................................................
T o t a l ...............................................................................................................................

LIABILITIES

5,147,935

AD
N

4,801,227

ASSETS

T o t a l d e p o s it s ............................................................................................................
M is c e lla n e o u s lia b ilit ie s :
Bills payable, rediscounts, and other liabilities for borrowed m oney7 ...................
Securities borrow ed..............................................................................................................
M ortgage bonds and participation certificates outstanding.....................................
A cceptances outstanding executed b y or for the account of reporting banks. . . .
Dividends declared but not yet p a ya b le.......................................................................
Other liabilities.....................................................................................................................
T o t a l m is c e lla n e o u s lia b ilit ie s ...........................................................................

A SS E TS AND L IA B IL IT IE S OF OPERATING IN SU RED COMMERCIAL BA NKS NOT M E M BERS OF T H E FE D E R A L R E S E R V E SYSTEM ,
D e c e m b e r 31, 1936

12
4

Ta b le 118.

BANKS GROUPED BY AMOUNT OF DEPOSITS
Banks with deposits on December 31, 1936, of—
All
banks

ASSETS
C a sh , b a la n ce s w ith o t h e r b a n k s, a n d ca sh
ite m s in p ro ce s s o f c o l l e c t i o n :
Coin and cu rrency...............................................
Balances with banks...........................................

T o t a l lo a n s a n d s e c u r it ie s ........................




$1,000,000
to
$2,000,000

$2,000,000
to
$5,000,000

638

2,172

2,105

1,365

789

369

86

52

5

$5,000,000 $10,000,000
Over
to
to
$10,000,000 $50,000,000 $50,000,000

(In thousaiids of dollars')
217,477
1,511,564
59,159

2,466
18,111
139

14,336
129,711
809

26,106
230,887
2,247

32,282
264,735
5,090

38,335
277,242
9,565

36,497
228,655
11,528

18,833
126,160
6,100

29,268
187,584
16,648

19,354
48,479
7,033

1,788,200

20,716

144,856

259,240

302,107

325,142

276,680

151,093

233,500

74,866

888,898

3,108

32,962

71,029

95,836

127,193

163,360

87,255

197,635

110,520

307,433

1,570

19,047

37,867

49,415

50,098

50,620

19,453

47,380

31,983

525,244
930,516
2,652,091

3,328
1,682
9,688

29,774
32,672
114,455

68,213
89,360
266,469

84,483
144,945
374,679

94,644
182,436
454,371

79,715
200,449
494,144

41,621
96,763
245,092

73,371
152,364
470,750

50,095
29,845
222,443

53,431

110

2,394

7,736

11,001

11,034

11,351

4,686

5,119

54

17

46

133

21

8

35

314
494
1,959
5,160

17
24
11

1
49
79

8
229
283

10
15
298

41
161
234

2
528
778

67
3
984

348
950
2,493

28,049
8,056
229,225
798,962

19
3,681
2,167

55
28,984
19,914

217
52,730
49,837

544
60,130
85,889

208
1,264
42,062
137,000

773
848
25,852
165,403

3,536
1,909
6,333
91,314

12,910
2,680
7,464
124,059

10,622
520
1,989
123,379

211,477
244,446
313,233
652,929
2,480
2,550,215

10,869
1,873
547
7,427
65
26,810

53,722
14,454
4,720
50,966
204
175,596

64,077
28,057
13,439
99,279
293
316,202

45,528
37,711
27,282
118,755
412
387,621

26,135
45,721
55,795
119,179
658
439,625

8,671
52,200
69,326
95,844
576
432,173

1,322
25,627
40,972
66,668
187
243,616

1,152
33,360
80,947
83,798
82
355,397

1
5,443
20,205
11,013
3
173,175

5,202,306

36,498

290,051

582,671

762,300

893,996

926,317

488,708

826,147

395,618

CORPORATION

L oa n s, d is c o u n ts , a n d ov e r d ra fts (in c lu d ­
in g r e d is c o u n t s ):
Commercial paper bought in open m arket. .
Notes, bills, acceptances, etc., payable in
foreign countries...........................................
Acceptances of other banks payable in the
United States...................................................
Reporting banks’ own acceptances
Loans to banks.....................................................
Loans to brokers and dealers in securities—
In New York City
Elsewhere.............................................
Loans on farm la n d .............................................
Loans on other real estate..................................
Agricultural loans (excluding loans on farm
la n d )...................................................................
Commercial and industrial loans.....................
All other loans— On securities..........................
Otherwise secured and unsecured. . . .
O verdrafts.............................................................
T o ta l lo a n s, d isc o u n ts, a n d o v e r d r a fts .

$500,000
to
$1,000,000

INSURANCE

S e cu ritie s:
Obligations, direct, of the U. S. G overnm ent.
Obligations fully guaranteed by the U. S.
Governm ent......................................................
Obligations of States and their political
subdivisions.......................................................
Other securities....................................................
T o ta l s e c u r it ie s .............................................

$250,000
to
$500,000

DEPOSIT

T o t a l ca sh , b a la n c e s w ith o th e r b a n k s,
a n d c a s h ite m s in p ro ce ss o f c o l ­
le c t io n ...........................................................

7,581

$100,000
to
$250,000

FEDERAL

Number of banks1 ......................................

$100,000
and
under

193,255
191,192

2,238
1,770

11,574
7,695

19,094
12,704

25,041
20,643

34,679
27,415

36,370
32,997

1,867
526
32,759
419,599

32
24
1,641
33,495

34
194
2,782
48,694

41
224
3,721
66,080

127

1,094

19

14
242
4,264

17
70
1,353
20,709

503

Other assets...........................................................
T o t a l m is c e lla n e o u s a s s e t s ...................

4,676
74,546

7,492
48,320

9,196
101,294

1,656
22,197

T o t a l a s s e t s ....................................................

7,410,105

61,478

455,616

875,406

1,113,101

1,285,218

1,277,543

688,121

1,160,941

492,681

2,421,183
2,997,654
637,497
64,287
35,325
106,610

27,607
11,828
5,200
30
135
128

195,673
127,119
44,189
766
2,051
1,637

352,820
296,328
83,466
2,438
6,639
3,402

405,878
423,555
100,922
2,846
8,647
6,677

433,606
524,031
108,157
6,018
7,141
11,149

198,603
389,729
305,487
568,135
89,558
54,768
8,383
7,937
4,753
2,902
17,676 13,161 12,988

346,804
431,647
116,187
28,403
3,057
39,792

70,463
309,524
35,050
7,466

AD
N

53,616
6,316,172
3,221,770
3,091+,1+02

204
45,132
32,717
12,U15

1,883
373,318
2kl ,503
131,815

4,642
749,735
U0,921
308,81k

6,444
954,969
515,101
kS9,868

9,292
1,099,394
558,k00
5k0,99k

10,497
1,088,731
503,629
585,102

5,712
588,397
27 k ,085
31k,312

7,968
973,858
523,735
k50,l 23

6,974
442,638
131,679
310,959

LIABILITIES

M is ce lla n e o u s a ssets:
Banking house, furniture and fixtures...........
Other real estate ow n ed ....................................
Customers’ liability on account of accep-

15,116
526

100
34

216
70

363
24

759
194

1,753
224

2,193

819

8,913

105

191

1,374

1,791

1,254

81

188

117

15
537
2,697
5,576

28
532
3,340
7,668

482
509
4,270
8,708

122
204
5,128
6,354

1,071
411
5,688
16,271

19
75
1,493
1,704

16,111
24,590

39,036
51,968

9,112
11,410

D e p o s its :
Individuals, partnerships, and corporations:
D em and .............................................................
T im e ...................................................................
States and their political subdivisions...........
United States G overnm ent..............................
Other banks..........................................................
Cash letters of credit, certified, officers’ , and
travelers’ checks outstanding.......................
T o t a l d e p o s it s ...............................................
Demand..........................................................
Tim e...............................................................

1,739
3,015
25,451
50,948

32
149
295

263
992
1,646

2
452
1,694
2,726

T o t a l lia b ilitie s (e x c lu d in g c a p ita l
a c c o u n t ) .......................................................

6,367,120

45,427

374,964

752,461

960,545

1,107,062

1,097,439

594,751

990,129

444,342

621,623
245,236
104,572

12,601
2,215
907

57,877
13,421
6,751

83,576
22,320
11,566

98,218
30,739
15,352

110,750
38,649
17,602

103,678
40,932
19,084

51,232
25,845
9,922

81,901
55,026
18,285

21,790
16,089
5,103

64,037

258

1,938

4,520

7,047

9,560

14,874

5,732

15,001

5,107

7,517
1,042,985

70
16,051

665
80,652

963
122,945

1,200
152,556

1,595
178,156

1,536
180,104

639
93,370

599
170,812

250
48,339

T o ta l lia b ilitie s a n d c a p ita l a c c o u n t . .

7,410,105

61,478

455,616

875,406

1,113,101

1,285,218

1,277,543

688,121

1,160,941

492,681

^Excludes 2 national banks in Alaska, 1 national bank in the Virgin Islands, 10 banks in the District of Columbia, and 3 other banks,
in clu d es agreements to repurchase securities sold.




BANKS

C a p ita l a c c o u n t :
Capital stock, notes, and debentures...............
Surplus...................................................................
Undivided profits— n e t ......................................
Reserve for contingencies and undeclared
dividends...........................................................
Retirement fund for preferred stock, capital
notes, and debentures....................................
T o ta l c a p ita l a c c o u n t ................................

OPERATING

5,101

O
F

M is ce lla n e o u s lia b ilitie s:
Bills payable, rediscounts, and other lia­
bilities for borrowed m oney2 .......................
Securities borrow ed .............................................
M ortgage bonds and participation certi­
ficates outstanding..........................................
Acceptances outstanding executed b y or for
the account of reporting ban ks...................
D ividends declared but not yet p a ya b le........
Other liabilities....................................................
T o t a l m is c e lla n e o u s lia b ilitie s

ASSETS

L IA B IL IT IE S

Ta b le 119.

AVERAGES P E R BA N K OF A SSETS AND L IA B IL IT IE S , OPERATING IN SU RED COMMERCIAL BA NKS N O T M EM BERS OF T H E
F e d e r a l R e s e r v e S y s t e m , D e c e m b e r 31, 1936
BANKS GROUPED BY AMOUNT OF DEPOSITS

^

Banks with deposits on December 31, 1936, of—
$100,000
and
under

All
banks
Number of banks2.....................................




$2,000,000
to
$5,000,000
369

86

98,908
619,661
31,241

$ 218,988
1,466,977
70,930

52

5

7,581

638

2,172

2,105

1,365

789

$ 28,687
199,389
7,803

$ 3,865
28,387
218

$ 6,600
59,720
373

$ 12,402
109,685
1,068

$ 23,650
193,945
3,729

$ 48,587
351,384
12,123

235,879

32,470

66,693

123,155

221,324

412,094

749,810

1,756,895

4,490,384

14,973,200

117,254

4,871

15,176

33,743

70,210

161,208

442,710

1,014,593

3,800,673

22,104,000

63,495

137,182

226,198

911,154

6,396,600
10,019,000
5,969,000
44,488,600

$

$ 562,846 $ 3,870,800
9,695,800
3,607,384
1,406,600
320,154

2,461

8,769

17,989

36,201

69,284
122,743
349,834

5,216
2,636
15,184

13,708
15,042
52,695

32,405
42,451
126,588

61,892
106,187
274,490

119,954
231,224
575,881

216,030
543,222
1,339,144

483,965
1,125,151
2,849,907

1,410,981
2,930,077
9,052,885

7,048

172

1,102

3,675

8,059

13,985

30,762

54,488

98,442

8

34

169

57

93

673

52
204
297

5
1,431
2,108

779
35
11,442

6,692
18,269
47,942

40,553

25

41
65
258
681

27
38
17

23
36

4
109
134

8
11
218

3,700
1,063
30,237
105,390

30
5,770
3,396

25
13,344
9,169

103
25,050
23,676

399
44,051
62,922

264
1,602
53,311
173,637

2,095
2,298
70,060
448,247

41,116
22,198
73,640
1,061,791

248,269
51,539
143,539
2,385,750

2,124,400
104,000
397,800
24,675,800

27,896
32,245
41,318
86,127
327
336,396

17,036
2,936
857
11,641
102
42,022

24,734
6,655
2,173
23,465
94
80,845

30,440
13,329
6,384
47,164
139
150,215

33,354
27,627
19,987
87,000
302
283,972

33,124
57,948
70,716
151,050
834
557,193

23,499
141,463
187,875
259,740
1,561
1,171,201

15,372
297,988
476,419
775,209
2,175
2,832,745

22,154
641,539
1,556,673
1,611,500
1,577
6,834,558

200
1,088,600
4,041,000
2,202,600
600
34,635,000

686,230

57,206

133,540

276,803

558,462

1,133,074

2,510,345

5,682,652

15,887,443

79,123,600

CORPORATION

T o ta l lo a n s a n d s e c u r it ie s ........................

$1,000,000
to
$2,000,000

INSURANCE

t o a n s , d isc o u n ts, a n d o v e r d ra fts (in c lu d ­
in g r e d is c o u n t s ):
Commercial paper bought in open market. .
Notes, bills, acceptances, etc., payable in
foreign countries........................................
Acceptances of other banks payable in the
United States...................................................
Reporting banks’ own acceptances
Loans to banks ...................................................
Loans to brokers and dealers in securities—
In New York C it y ............................
Elsewhere.............................................
Loans on farm lan d .............................................
Loans on other real estate..................................
Agricultural loans (excluding loans on farm
la n d )...................................................................
Commercial and industrial loans.....................
All other loans— On securities..........................
Otherwise secured and unsecured. . . .
Overdrafts.............................................................
T o ta l lo a n s, d isc o u n ts, a n d o v e r d r a fts .

Over
$5,000,000 $10,000,000
$50,000,000
to
to
$10,000,000 $50,000,000
0)

$500,000
to
$1,000,000

DEPOSIT

S e cu ritie s:
Obligations, direct, of the U. S. Government.
Obligations fully guaranteed by the U. S.
Governm ent......................................................
Obligations of States and their political
subdivisions......................................................
Other securities....................................................
T o ta l s e c u r itie s .............................................

$250,000
to
$500,000

FEDERAL

ASSETS
C a sh , b a la n ces w ith o t h e r b a n k s, a n d ca sh
ite m s in p ro ce s s o f c o lle c t io n :
Coin and currency...............................................
Balances with banks...........................................
Cash items in process of collection.................
T o t a l ca s h , b a la n ce s w ith o t h e r b a n k s,
a n d ca s h ite m s in p ro ce s s o f c o l ­
le c t io n ..........................................................

$100,000
to
$250,000

M is ce lla n e o u s a ssets:
Banking house, furniture and fixtures...........
Other real estate ow n ed....................................
Customers’ liability on account of accep­
tances .................................................................
Borrowed secu rities.........................................
Other assets..........................................................
T o t a l m is c e lla n e o u s a s s e t s ...................
T o t a l a s s e t s ....................................................

25,492
25,220

3,507
2,775

5,329
3,543

9,070
6,035

18,345
15,123

43,953
34,747

98,563
89,423

246
69
4,321
55,348

22
380
6,684

g
32
623
9,535

15
12
780
15,912

25
142
2,038
35,673

52
284
4,716
83,752

1,363

1,477

21,039

3,800

12,672
202,021

87,116
561,860

176,846
1,947,961

331,200
4,439,400

977,457

96,360

209,768

415,870

815,459

1,628,920

3,462,176

8,001,407

22,325,788

98,536,200

319,375
395,417
84,091
8,480
4,660
14,063

43,271
18,539
8,150
47
212
201

90,089
58,526
20,345
353
944
754

167,611
140,774
39,651
1,158
3,154
1,616

297,347
310,297
73,935
2,085
6,335
4,891

549,564
664,171
137,081
7,627
9,051
14,131

1,056,176
1,539,661
242,705
22,718
12,881
47,903

2,309,337
3,552,175
636,837
92,291
33,744
151,023

6,669,308
8,300,904
2,234,365
546,212
58,788
765,231

14,092,600
61,904,800
7,010,000
1,493,200

7,072
833,158
l+21+,979
1*08,179

320
70,740
51,281
19,1*59

867
171,878
111,189
60,689

2,205
356,169
209,1*61*
11*6,705

4,721
699,611
377,363
322,21+8

11,777
1,393,402
707,731
685,671

28,447
2,950,491
1,361*, 81+9
1,585,61+2

66,419
6,841,826
3,187,035
3,651+,791

153,231
18,728,039
10,071,827
8,656,212

1,994
69

157
22

100
32

172
12

556
142

2,222
284

5,943

9,523

171,404

48

91

1,007

2,270

3,398

942

3,615

23,400

11
394
1,975
4,085

35
674
4,233
9,718

1,306
1,379
11,572
23,598

1,418
2,372
59,628
73,883

20,596
7,904
109,384
312,903

3,800
15,000
298,600
340,800

187,337
285,930

750,692
999,384

1,822,400
2,282,000

’ 2,632,266'

121
456
757

T o t a l lia b ilitie s (e x c lu d in g ca p ita l
a c c o u n t ) ......................................................

839,878

71,202

172,635

357,464

703,696

1,403,120

2,974,089

6,915,709

19,040,942

88,868,400

81,997
32,349
13,794

19,750
3,472
1,422

26,647
6,179
3,108

39,704
10,603
5,495

71,955
22,519
11,247

140,367
48,985
22,309

280,970
110,927
51,718

595,721
300,523
115,373

1,575,019
1,058,192
351,635

4,358,000
3,217,800
1,020,600

C a p ita l a c c o u n t :
Capital stock, notes, and debentures..........
Surplus...................................................................
Undivided profits— n e t......................................
Reserve for contingencies and undeclared
dividends...........................................................
Retirement fund for preferred stock, capital
notes, and debentures....................................
T o ta l ca p ita l a c c o u n t ................................

8,447

404

893

2,147

5,163

12,117

40,309

66,651

288,481

1,021,400

992
137,579

110
25,158

306
37,133

457
58,406

879
111,763

2,022
225,800

4,163
488,087

7,430
1,085,698

11,519
3,284,846

50,000
9,667,800

T o ta l lia b ilitie s a n d ca p ita l a c c o u n t ..

977,457

96,360

209,768

415,870

815,459

1,628,920

3,462,176

8,001,407

22,325,788

98,536,200

^Because of the small number of banks, the figures for this group are not necessarily typical of banks with deposits of over $50,000,000.
Excludes 2 national banks in Alaska, 1 national bank in the Virgin Islands, 10 banks in the District of Columbia, and 3 other banks,
in clu d es agreements to repurchase securities sold.




BANKS

50
233
462

1
215
804
1,295

673

OPERATING

229
398
3,357
6,720

O
F

M is c e lla n e o u s lia b ilit ie s :
Bills payable, rediscounts, and other lia­
bilities for borrowed m oney3 .......................
Securities borrow ed.............................................
M ortgage bonds and participation certi­
ficates outstanding..........................................
Acceptances outstanding executed b y or for
the account of reporting b an k s...................
Dividends declared but not yet p a y a b le ........
Other liabilities....................................................
T o ta l m is c e lla n e o u s lia b ilit ie s ...............

LIABILITIES

1,394,800
88,527,600
26,335,800
62,191,800

AD
N

D e p o s its :
Individuals, partnerships, and corporations:
D em and.............................................................
T im e ...................................................................
States and their political subdivisions..........
United States G overnm ent..............................
Postal savings.......................................................
Other banks..........................................................
Cash letters of credit, certified, officers’ , and
travelers’ checks outstanding.......................
T o t a l d e p o s i t s ...............................................
Demand..........................................................
T im e................ ..............................................

ASSETS

L IA B IL IT IE S

Ta b le 120.

PERC ENTAG E D IS T R IB U T IO N OF A SSETS AND L IA B IL IT IE S , OPERATING IN SU RED COMMERCIAL BA NKS NOT M EM B ER S
o f t h e F e d e r a l R e s e r v e S y s t e m , D e c e m b e r 31, 1936

^
^

BANKS GROUPED BY AMOUNT OF DEPOSITS

1365

789

$5,000,000 $10,000,000
Over
to
to
$50,000,000
$10,000,000 $50,000,000
O

369

86

52

5

(Ratios to total assets, in percent)
2.9
20.4
.8

4.0
29.5
.2

3.1
28.5
.2

2.9
26.4
.3

2.9
23.8
.4

3.0
21.6
.7

2.9
17.9
.9

2.7
18.4
.9

2.5
16.2
1.4

3.9
9.8
1.5

24.1

33.7

31.8

29.6

27.1

25.3

21.7

22.0

20.1

15.2
22.4

12.0

5.0

7.2

8.1

8.6

9.9

12.8

12.7

17.0

4.2

2.6

4.2

4.3

4.5

3.9

3.9

2.8

4.1

6.5

7.1
12.6
35.9

5.4
2.8
15.8

6.5
7.2
25.1

7.8
10.3
30.5

7.6
13.1
33.8

7.4
14.1
35.3

6.2
15.7
38.6

6.0
14.0
35.5

6.3
13.2
40.6

10.2
6.1
45.2

.7

.2

.5

.9

1.0

.9

.9

.7

.4

.1

.1

.1
.2

.1
3.3
10.7

.1
.1
2.0
12.9

.5
.3
.9
13.3

1.1
.2

2.2

10.7

A
25.0

.7
4.1
5.4
7.5
.1
33.9

2
3/7
6.0
9.7

i
2!9
7.0
7.2

1.1
4.1
2.2

35.4

30.6

35.1

72.5

70.9

71.2

80.3

.1
.4
.1
3.1
10.8

.1

6.0
3.5

6.4
4.4

6.0
5.7

5.4
7.7

11.8
3.2
1.0
11.2
.1
38.6

7.3
3.2
1.5
11.4

4.1
3.4
2.5
10.7

34.4

17.7
3.1
.9
12.1
.1
43.6

36.1

34.8

2.0
3.6
4.3
9.3
.1
34.3

70.3

59.4

63.7

66.6

68.6

69.6

2.9
3.3
4.2
8.8

CORPORATION




2105

$2,000,000
to
$5,000,000

INSURANCE

T o t a l lo a n s a n d s e c u r it ie s .......................

2172

$1,000,000
to
$2,000,000

DEPOSIT

L oa n s, d is c o u n ts , a n d o v e r d ra fts (in c lu d ­
in g r e d is c o u n t s ):
Commercial paper bought in open m arket. .
Notes, bills, acceptances, etc., payable in
foreign countries.............................................
Acceptances of other banks payable in the
United States...................................................
Reporting banks’ own acceptances.................
Loans to ban ks.....................................................
Loans to brokers and dealers in securities—
In N ew York C it y ............................
E lsewhere.............................................
Loans on farm la n d .............................................
Loans on other real estate..................................
Agricultural loans (excluding loans on farm
la n d ).................................................. .. ..............
Commercial and industrial loans.....................
All other loans— On securities..........................
Otherwise secured and unsecured. . . .
Overdrafts.............................................................
T o t a l lo a n s, d is c o u n ts , a n d o v e r d r a fts .

638

$500,000
to
$1,000,000

FEDERAL

S e cu ritie s:
Obligations, direct, of the U. S. G overnm ent.
Obligations fully guaranteed b y the U. S.
Governm ent......................................................
Obligations of States and their political
subdivisions.......................................................
Other securities....................................................
T o ta l s e c u r it ie s .............................................

7581

$250,000
to
$500,000

i
o

ASSETS
C ash , b a la n ces w ith o t h e r b a n k s, a n d ca sh
ite m s in p ro ce s s o f c o lle c t io n :
Coin and cu rrency...............................................
Balances with banks...........................................
Cash items in process of collection.................
T o t a l ca s h , b a la n ces w ith o t h e r b a n k s.
a n d c a s h ite m s in p ro ce s s o f c o l ­
le c t io n ...........................................................

$100,000
to
$250,000

05

Number of banks2 ......................................

$100,000
and
under

CO

Banks with deposits on December 31,

All

M is ce lla n e o u s a ssets:
Banking house, furniture and fixtures...........
Other real estate ow n ed ....................................
Customers’ liability on account of accep­
tances .................................................................
Borrowed securities.........................................
Other assets..........................................................
T o t a l m is c e lla n e o u s a s s e t s ...................

2.2
1.4

2.2
1.8

2.7
2.1

2.9
2.6

2.4
3.6

3.3
4.5

1.8
2.3

.4
5.6

.4
6.9

.3
4.5

.2
3.8

.3
4.3

.3
5.1

.3
5.8

1.1
7.1

•
8
8.7

.4
4.5

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

32.7
40.5
8.6
.9
.4
1.4

44.9
19.2
8.5
.1
.2
.2

42.9
27.9
9.7
.2
.4
.4

40.3
33.9
9.5
.3
.7
.4

36.4
38.1
9.1
.2
.8
.6

33.7
40.8
8.4
.5
.5
.9

30.5
44.5
7.0
.6
.4
1.4

28.8
44.3
8.0
1.2
.4
1.9

29.9
37.2
10.0
2.4
.3
3.4

14.3
62.9
7.1
1.5

.7
85.2
43.5
41.7

.3
73.4
53.2
20.2

.4
81.9
53.0
28.9

.5
85.6
50.4
35.2

.6
85.8
46.3
39.5

.7
85.5
43.4
42.1

.8
85.2
39.4
45.8

.9
85.5
39.8
45.7

.7
83.9
45.1
38.8

1.4
89.9
26.8
63.1

.2

.2

.1

.1

.1

.1

.2

.1

.8

.1

.1

.1

L IA B IL IT IE S

D e p o s its :
Individuals, partnerships, and corporations:
D em and..................................................
T im e ........................................................
States and their political subdivisions .
United States G overnm ent...................
Postal savings............................................
Other banks................................................
Cash letters of credit, certified, officers’ , and
travelers’ checks outstanding.............
T o t a l d e p o s it s ....................................
Demand...............................................
Tim e....................................................

2.7

.1
.3
.7

A
.2
.5

.1
.2
.4

.1
.2
.4

.1
.2
.5

.1
.3
.6

.4
.7

.8
.9

.5
1.4

.3
.3

T o t a l lia b ilitie s (e x c lu d in g ca p ita l
a c c o u n t ) ............................................

85.9

73.9

82.3

86.0

86.3

86.1

85.9

86.4

85.3

90.2

8.4
3.3
1.4

20.5
3.6
1.5

12.7
2.9
1.5

9.6
2.5
1.3

8.8
2.8
1.4

8.6
3.0
1.4

8.1
3.2
1.5

7.5
3.8
1.4

7.1
4.7
-1.6

4.4
3.3
1.0

.1

.9

.4

.4

.5

.6

.8

1.2

.8

1.2

1.0

.1
14.1

.1
26.1

.2
17.7

.1
14.0

.1
13.7

.1
13.9

.1
14.1

.1
13.6

.1
14.7

.1
9.8

T o ta l lia b ilitie s a n d c a p ita l a c c o u n t . .

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

^Because of the small number of banks, the figures for this group are not necessarily typical of those banks with deposits of over $50,000,000.
JiiXcludes 2 national banks in Alaska, 1 national bank in the Virgin Islands, 10 banks in the District of Columbia, and 3 other banks,
in clu d es agreements to repurchase securities sold.




BANKS

C a p ita l a c c o u n t :
Capital stock, notes, and debentures.
Surplus.........................................................
Undivided profits— n e t............................
Reserve for contingencies and undeclared
dividends...........................................................
Retirement fund for preferred stock, capital
notes, and debentures..........................
T o ta l ca p ita l a c c o u n t ......................

OPERATING

.1

O
F

M is ce lla n e o u s lia b ilitie s :
Bills payable, rediscounts, and other lia­
bilities for borrowed m oney3 .......................
Securities borrow ed.............................................
M ortgage bonds and participation certi­
ficates outstanding.........................................
Acceptances outstanding executed b y or for
the account of reporting ban ks.........
Dividends declared but not yet payable
Other liabilities.........................................
T o t a l m is ce lla n e o u s lia b ilit ie s .. .

LIABILITIES

2.5
1.7

AD
N

3.6
2.9

ASSETS

T o t a l a ssets.

2.6
2.6

Table 121.

EXAM IN ERS’ ANALYSIS OF INSURED BANKS
EX A M IN ERS’ ANALYSIS OF CAPITAL AND L IA B IL IT IE S OF OPERATING IN SU RED COMMERCIAL BA NKS
n o t M e m b e r s o f t h e F e d e r a l R e s e r v e S y s t e m , L a t e s t E x a m in a t io n i n 1936
banks

grouped

by

amount

o f d e p o s it s a n d

by

states

Liabilities (exclusive of capital
account)

Capital account
Number
of
banks1

RFC
capital

Private
capital

Net
deductions
or additions

Sound
capital

Sound
private
capital

Total

Deposits

Other
liabilities

(In thousands of dollars)
188,806

893,003

98,199

983,610

794,804

5,854,892

5,754,148

100,744

B an ks w ith d e p o sits as o f
d a te o f e x a m in a tio n o f —
$100,000 and under............................................................
$100,000 to $250,000..........................................................
$250,000 to $500,000..........................................................

765
2,369
1,992

19,650
92,790
127,096

3,123
13,853
20,656

16,527
78,937
106,440

2,796
6,816
6,134

16,854
85,974
120,962

13,731
72,121
100,306

54,008
409,713
713,164

53,359
405,431
707,755

649
4,282
5,409

$500,000 to $1,000,000......................................................
$1,000,000 to $2,000,000..................................................
$2,000,000 to $5,000,000..................................................

1,257
709
340

153,925
179,718
187,840

27,109
34,123
30,824

126,816
145,595
157,016

8,408
16,856
20,139

145,517
162,862
167,701

118,408
128,739
136,877

888,946
997,042
1,024,420

878,442
982,077
1,011,028

10,504
14,965
13,392

$5,000,000 to $10,000,000................................................
$10,000,000 to $50,000,000..............................................
Over $50,000,000................................................................

75
44
4

101,287
165,254
54,249

17,587
28,031
13,500

83,700
137,223
40,749

12,673
22,813
1,564

88,614
142,441
52,685

71,027
114,410
39,185

534,664
866,187
366,748

512,413
842,250
361,393

22,251
23,937
5,355

S ta te
A labam a................................................................................
Arizona
..............................
Arkansas................................................................................
California..............................................................................
C olorado................................................................................

120
5
154
95
55

8,544
1,635
8,883
60,338
3,070

1,066
1,862
12,552
568

7,478
1,635
7,021
47,786
2,502

56
202
955
355

8,488
1,837
7,928
64,972
2,715

7,422
1,837
6,066
52,420
2,147

36,698
15,516
43,439
397,987
23,663

36,160
15,433
43,067
394,118
23,615

538
83
372
3,869
48

C onnecticut...........................................................................
Delaware................................................................................
District of Columbia^
..............................
Florida...................................................................................
G eorgia..................................................................................

37
24
10
93
182

17,574
9,473

2,732
221

14,842
9,252

1,917
27

15,657
9,500

12,925
9,279

106,277
41,732

99,859
41,003

6,418
729

8,570
14,617

502
1,538

8,068
13,079

218
267

8,788
14,350

8,286
12,812

52,050
65,887

51,916
64,831

134
1,056

Id a h o ......................................................................................
Illinois....................................................................................
Indiana..................................................................................
Io w a ........................................................................................
Kansas...................................................................................

20
480
353
438
254

1,095
50,519
45,045
27,122
13,505

215
3,332
7,416
2,278
2,586

880
47,187
37,629
24,844
10,919

12
1,052
6,350
1,0 U2
403

1,107
51,571
38,695
28,164
13,102

892
48,239
31,279
25,886
10,516

8,450
317,524
292,345
237,893
90,974

8,447
315,777
285,261
237,505
90,921

3
1,747
7,084
388
53

K en tu ck y..............................................................................

275
109
16
109
40

25,637
14,762
7,521
19,246
20,032

3,197
3,953
2,925
3,525
1,975

22,440
10,809
4,596
15,721
18,057

1,753
85
3,014
477
2,898

23,884
14,847
4,507
18,769
17,134

20,687
10,894
1,582
15,244
15,159

133,591
75,077
31,893
98,765
105,049

132,307
74,518
31,820
96,819
104,224

1,284
559
73
1,946
825

M aryland...............................................................................
Massachusetts......................................................................




CORPORATION

1,081,809

INSURANCE

7,555

DEPOSIT

U n ite d S ta tes a n d p ossession s— t o t a l ........................

FEDERAL

Total

£
oo

19,915
17,478
10,526
25,824
2,548

2,790
1,097
178
3,001
28

25,022
21,433
16,351
26,270
2,990

17,125
18,575
10,704
22,823
2,520

194,148
154,014
108,278
208,677
19,517

187,923
153,673
107,287
205,558
19,469

6,225
341
991
3,119
48

N ebraska...............................................................................
N evada2...............................................................................
N ew Hampshire2.................................................................
New Jersey...........................................................................
New M ex ico.........................................................................

228
3
3
97
14

9,054

1,677

7,377

11+9

9,203

7,526

56,707

56,515

192

63,736
818

14,646
223

49,090
595

24,056
35

39,680
783

25,034
560

331,278
8,306

322,474
8,304

8,804
2

New Y o r k .............................................................................
N orth Carolina....................................................................
North D a k ota .....................................................
O h io ........................................................................................
Oklahom a..............................................................................

183
180
120
365
168

132,140
22,390
4,498
54,736
5,879

23,073
3,602
1,274
14,885
55

109,067
18,788
3,224
39,851
5,824

21,082
1,573
1,504
3,407
47

111,058
23,963
2,994
51,329
5,832

87,985
20,361
1,720
36,444
5,777

608,233
148,262
17,722
296,579
44,257

587,860
143,119
17,670
294,741
44,038

20,373
5,143
52
1,838
219

O regon...................................................................................
Pennsylvania........................................................................
R hode Island2....................... .......................
South C arolina....................................................................
South D a k o ta ......................................................................

43
295
2
87
119

3,688
154,121

932
15,010

2,756
139,111

208
10,717

3,896
143,404

2,964
128,394

29,126
563,441

28,929
550,330

197
13,111

5,355
4,883

712
880

4,643
4,003

135
1,005

5,220
3,878

4,508
2,998

41,925
22,570

41,730
22,508

195
62

Tennessee..............................................................................
T exa s......................................................................................
U tah.......................................................................................
V erm ont................................................................................
V irginia..................................................................................

227
292
27
33
164

17,200
23,439
4,134
18,961
23,989

3,425
6,035
496
7,210
4,255

13,775
17,404
3,638
11,751
19,734

2,383
2,142
112
7,661
3,410

14,817
21,297
4,246
11,300
20,579

11,392
15,262
3,750
4,090
16,324

97,888
107,576
24,286
51,278
118,440

96,337
107,285
24,193
50,864
111,505

1,551
291
93
414
6,935

W ashington...........................................................................
W est V irginia.......................................................................
W isconsin..............................................................................
W yom ing...............................................................................

87
75
455
23

4,957
13,997
44,923
1,769

1,037
2,231
12,356
570

3,920
11,766
32,567
1,199

388
4,093
2,055
217

5,345
9,904
42,868
1,552

4,308
7,673
30,512
982

32,065
59,232
256,912
11,500

31,876
59,068
255,943
11,448

189
164
969
52

Possessions2..........................................................................

2

*The number of banks examined during the year does not agree with the number of banks at the close of the year.
2Figures are included in deposit groups and in total.
N O T E : Italics indicate net addition to capital account.




BANKS

7,897
2,858
5,647
3,447
470

INSURED

27,812
20,336
16,173
29,271
3,018

O
F

254
432
168
487
53

EXAMINERS’ ANALYSIS

M ichigan...............................................................................
M innesota.............................................................................
Mississippi.............................................................................
Missouri.................................................................................
M on tana................................................................................

10
5

T able 122.

C A PITA L RA TIO S OF OPERATING IN SU RED COMMERCIAL BA NKS NOT M EM BERS OF T H E F E D E R A L R E S E R V E
S y s t e m , E x a m in a t io n s O c t o b e r 1,1 933 , t o D e c e m b e r 31,1936
BANKS GROUPED BY AMOUNT OF DEPOSITS AND BY STATES
Ratio of sound capital to—

1934

1935

1936

*1933

1934

|

U933

1936

1935

1934

1936

1935

(Ratios in percent)
14.0

14.4

11.2

15.8

16.6

17.1

45.1

67.2

76.5

90.9

B an ks w ith d e p o s i t s o f $100,000 and u n d er...........
$100,000 to $250,000........
$250,000 to $500,000........

22.8
14.0
10.4

25.2
18.2
15.1

24.7
17.7
15.1

23.8
17.3
14.5

31.8
17.2
12.2

34.5
22.5
17.9

33.5
21.9
17.9

31.6
21.2
17.1

69.0
60.1
52.1

80.6
81.1
77.3

83.8
87.5
86.4

85.8
92.7
95.2

$500,000 to $1,000,000. . . .
$1,000,000 to $ 2,000,000...
$2,000,000 to $5,000,000. . .

8.4
7.9
9.3

13.4
13.1
12.7

13.7
13.9
13.1

14.1
14.0
14.1

9.8
9.2
10.6

15.9
15.4
14.8

16.0
16.4
15.4

16.6
16.6
16.6

40.7
37.7
42.3

68.9
67.3
62.7

82.8
77.2
71.8

94.5
90.6
89.3

$5,000,000 to $10,000,000. .
$10,000,000 to $50,000,000.
Over $50,000,0003...............

10.0

13.0

13.5

11.5

15.1

16.1

44.0

61.5

69.4

2.6

6.6

11.5

17.3
16.9
14.6

19.6

43.9

66.2

87.5
86.2
97.1

Connecticut...................
Delaware........................
District of Colum bia4.
Florida............................
Georgia...........................
Id a h o . . .
Illinois. .
Indiana.
Io w a . ..
Kansas.




J
1

2.6

6.2

10.2

18.4
(3)
14.5
5.5
4.7

21.5
(s)
18.8
9.7
11.4

19.6
10.8
17.2
12.7
10.9

18.8
10.6
15.4
14.0
10.3

23.9
(3)
18.2
5.9
5.1

28.1
(3)
23.5
10.7
12.8

25.3
12.1
20.9
14.7
12.2

23.5
11.9
18.4
16.5
11.5

61.2
(3)
59.7
45.8
22.6

84.9
(3)
83.0
80.7
72.4

90.6
108.0
85.3
92.6
78.7

99.3
112.4
89.2
107.7
88.4

9.3
12.3

12.7
16.8

12.6
16.4

12.8
18.5

10.7
14.3

14.8
19.8

14.6
19.8

15.7
23.2

50.7
60.8

69.9
77.9

77.2
87.4

89.1
100.3

16.9
18.1

15.9
20.8

15.5
19.0

14.4
17.9

21.0
24.0

19.0
28.0

24.9

22.1

68.2

86.5

90.5

98.2

11.6
14.0
11.7
10.6
12.6

14.7
18.1
6.5
12.7
12.8

14.0
19.0
13.3
13.7
14.4

13.6
18.2
13.5
12.4
14.6

13.1
16.3
13.6
11.9
14.4

62.0
56.5
29.2
69.4
60.9

85.2
88.1
64.8
88.8
79.2

92.5
95.9
75.5
95.1
90.7

101.1
102.1
85.9
103.8
97.0

12.6
14.8
5.7
10.9
11.3

12.4
16.0
11.6
12.1
12.6

11.9
15.3
11.5
11.0
12.7

I

CORPORATION

S ta te
Alabam a.
Arizona. . .
Arkansas. .
California.
C olora d o..

J
1

14.2
14.1
12.6

INSURANCE

13.5

S ta tes — t o ta l.

DEPOSIT

9.6

U n ite d

FEDERAL

11933

Total capital account

Total deposits

Appraised value of assets

15.2
16.5
12.4
16.0
14.0

16.2
14.0
1.3
14.4
8.7

19.6
24.2
3.3
17.8
13.2

17.8
22.2
11.7
17.6
14.5

18.1
19.9
14.2
19.4
16.4

57.4
48.2
7.6
56.0
41.4

80.7
79.1
21.8
70.4
62.2

83.8
89.5
45.1
78.7
70.6

93.2
100.6
59.9
97.5
85.5

M ichigan...........
M innesota.........
Mississippi
Missouri.............
M on tana ...........

1.4
9.5
8.1
10.3
12.2

9.8
11.9
14.7
13.2
15.1

9.9
11.9
14.2
11.8
14.7

11.4
12.2
13.1
11.2
13.3

1.5
10.5
9.4
11.6
14.1

11.0
13.4
17.7
15.4
17.8

11.5
13.6
16.9
13.6
17.2

13.3
13.9
15.2
12.8
15.4

7.9
66.1
51.2
51.6
51.5

58.3
87.8
83.7
81.8
81.0

67.7
96.0
92.9
85.1
89.0

90.0
105.4
101.1
89.7
99.1

Nebraska...............
Nevada4.................
New Hampshire4 .
N ew Jersey...........
New M ex ico.........

11.6

14.2

13.8

14.0

13.2

16.4

16.1

16.3

53.2

89.0

95.6

101.6

5.4
.9

5.1
9.2

7.9

10.7
8.6

6.0
.9

5.7
10.2

8.8
9.7

12.3
9.4

19.0
5.8

22.3
75.8

35.9
87.3

62.3
95.7

N ew Y o r k .........
North Carolina.
North Dakota. .
O h io....................
Oklahom a..........

8.7
11.6
6.7
7.3
9.7

14.8
14.8
10.9
15.2
11.6

14.9
15.6
13.6
14.9
11.7

15.4
13.9
14.5
14.8
11.6

9.9
13.9
7.7
8.3
10.8

17.7
17.9
12.3
18.0
13.2

18.2
19.2
15.9
17.7
13.3

18.9
16.7
16.9
17.4
13.2

37.6
64.5
27.6
41.4
62.8

61.5
88.9
37.9
74.3
85.3

68.4
99.4
53.5
80.7
94.5

84.0
107.0
66.6
93.8
99.2

Oregon................
Pennsylvania.. .
R hode Island4 ..
South Carolina.
South D akota. .

7.0
17.0

13.2
18.0

11.0
18.8

11.8
20.3

7.7
22.1

15.1
23.2

12.3
24.1

13.5
26.1

45.9
55.7

92.9
64.5

93.0
72.7

105.6
93.0

7.5
10.2

9.9
12.9

10.8
15.7

11.1
14.7

8.4
12.1

11.0
15.0

12.2
18.6

12.5
17.2

50.6
46.1

88.0
57.0

91.4
75.2

97.5
79.4

Tennessee.
Texas. . . .
U ta h ........
V e rm on t..
V irginia. . .

13.0
14.1
8.3
13.6
13.9

12.6
18.8
13.9
10.4
16.7

11.7
18.4
14.5
15.5
15.7

13.1
16.5
14.9
18.1
14.8

16.5
16.6
9.3
13.6
17.7

14.7
23.4
16.3
12.0
20.6

13.4
22.8
17.2
18.6
19.8

15.4
19.9
17.6
22.2
18.5

66.4
68.5
38.7
104.1
61.3

66.2
80.2
75.7
35.8
76.1

70.8
83.6
96.3
46.3
80.8

86.1
90.9
102.7
59.6
85.8

W ashington. ..
W est V irginia.
W isconsin........
W yom in g.........

14.0
9.3
5.4
7.9

17.1
13.5
11.8
12.1

15.3
13.8
13.0
11.3

14.3
14.3
14.3
11.9

17.0
11.5
6.1
8.8

20.3
15.9
13.6
13.7

18.2
16.2
15.1
12.8

16.8
16.8
16.7
13.6

66.3
40.6
31.5
41.2

88.1
56.0
60.1
68.1

95.7
63.5
76.9
79.2

107.8
70.8
95.4
87.7

E xam ination for admission to insurance in 1933 and 1934.
3For 1933 and 1936, deposits as of date of examination. For 1934 and 1935, deposits as of December 31.
3Because of the small number of banks, the figures for this group are not necessarily typical of banks with deposits of over $50,000 000.
4Figures are included in deposit groups and in total.




BANKS

15.0
18.0
10.5
14.7
12.5

INSURED

16.2
19.1
3.2
14.9
11.6

O
F

13.1
11.2
1.2
12.1
7.6

EXAMINERS’ ANALYSIS

K en tu cky...........
Louisiana...........
M aine.................
M aryland..........
Massachusetts..

152

Table 123.

EX A M IN ERS’ A NA LYSIS OF A SSETS OF OPERATING IN SU RED COMMERCIAL BA NKS NOT M EM B ER S OF T H E
F e d e r a l R e s e r v e S y s t e m , L a t e s t E x a m in a t io n i n 1936
BANKS GROUPED BY AMOUNT OF DEPOSITS AND BY STATES
Loans, discounts, and overdrafts

Total assets

value

loss and
doubtful

Assets not
shown on
books2

Appraised
value

Book
Value

Appraised value

Estimated loss and doubtful
Total

Loss

Doubtful

Total

Slow

N ot
criticized

(In thous;ands of dollairs)
U n ite d S ta tes a n d

p osses-

88,593

6,838,502

2,506,889

110,484

89,002

21,482

2,396,405

527,345

1,869,060

B an k s w ith d e p o sits as o f
d a te o f e x a m in a tio n o f —
$100,000 and un der...............
$100,000 to $250,000.............
$250,000 to $500,000.............

765
2,369
1,992

73,658
502,503
840,260

3,184
11,249
15,468

388
4,433
9,334

70,862
495,687
834,126

34,704
203,958
317,689

2,222
7,244
9,783

1,474
4,731
6,829

748
2,513
2,954

32,482
196,714
307,906

7,745
40,244
59,476

24,737
156,470
248,430

$500,000 to $1,000,000.........
$1,000,000 to $2,000,000___
$2,000,000 to $5,000,000___

1,257
709
340

1,042,871
1,176,760
1,212,260

20,843
31,360
35,749

12,435
14,504
15,610

1,034,463
1,159,904
1,192,121

381,747
422,318
432,754

12,792
18,249
22,456

9,553
14,735
18,673

3,239
3,514
3,783

368,955
404,069
410,298

78,063
89,680
98,697

290,892
314,389
311,601

$5,000,000 to $10,000,000. . .
$10,000,000 to $50,000,000. .
Over $50,000,000....................

75
44
4

635,951
1,031,441
420,997

21,527
37,114
10,298

8,854
14,301
8,734

623,278
1,008,628
419,433

239,607
319,136
154,976

11,702
20,141
5,895

10,306
17,079
5,622

1,396
3,062
273

227,905
298,995
149,081

48,853
75,132
29,455

179,052
223,863
119,626

S ta te
A labam a....................................
Arizona
.....................
Arkansas...................................
California..................................
C olorado...................................

120
5
154
95
55

45,242
17,151
52,322
458,325
26,733

372
87
1,289
5,144
758

316
289
334
9,778
403

45,186
17,353
51,367
462,959
26,378

17,282
4,217
16,300
178,821
9,569

214
38
1,035
3,776
574

154
32
695
3,255
343

60
6
340
521
231

17,068
4,179
15,265
175,045
8,995

2,966
719
3,632
33,667
1,713

14,102
3,460
11,633
141,378
7,282

37
24
10
93
182

123,851
51,205

3,341
802

1,424
829

121,934
51,232

49,532
18,269

2,642
537

2,320
225

322
312

46,890
17,732

17,364
3,847

29,526
13,885

60,620
80,504

530
1,105

748
838

60,838
80,237

14,498
31,177

260
538

141
348

119
190

14,238
30,639

2,126
6,984

12,112
23,655

20
480
353
438
254

9,545
368,043
337,390
265,015
104,479

92
4,793
9,417
1,099
1,451

104
5,845
3,067
2,141
1,048

9,557
369,095
331,040
266,057
104,076

2,729
105,091
110,041
103,535
37,721

76
3,076
5,058
751
845

47
2,526
4,335
380
376

29
550
723
371
469

2,653
102,015
104,983
102,784
36,876

289
24,947
26,172
16,488
3,663

2,364
77,068
78,811
86,296
33,213

.....................
Connecticut
D elaw are..................................
F lorida......................................
Georgia......................................
Id a h o .........................................
Illinois.......................................
Indiana......................................
Kansas......................................




CORPORATION

186,792

INSURANCE

6,936,701

DEPOSIT

7,555

FEDERAL

N um ber
of
banks1

157,475
89,924
36,400
117,534
122,183

70,119
28,341
18,783
46,772
53,563

2,194
432
2,201
2,109
1,791

1,634
313
1,849
1,493
1,204

560
119
352
616
587

67,925
27,909
16,582
44,663
51,772

15,314
. 7,065
6,141
11,524
9,059

52,611
20,844
10,441
33,139
42,713

M ich igan ...........
M innesota.........
Mississippi.........
M issouri.............
M on tana............

254
432
168
487
53

221,960
174,350
124,451
237,948
22,535

4,031
1,663
966
5,138
262

1,241
2,760
1,144
2,137
234

219,170
175,447
124,629
234,947
22,507

67,519
60,998
36,892
92,960
6,492

1,436
1,151
675
3,822
193

946
463
612
2,481
82

490
688
63
1,341
111

66,083
59,847
36,217
89,138
6,299

7,107
7,322
8,610
17,402
875

58,976
52,525
27,607
71,736
5,424

N ebraska...........
N evada3.............
New Hampshire1
New Jersey. . . .
New M ex ico. . .

228
3
3
97
14

65,761

474

623

65,910

23,868

265

138

127

23,603

2,783

20,820

395,014
9,124

28,492
109

4,436
74

370,958
9,089

132,265
2,921

16,351
83

15,191
47

1,160
36

115,914
2,838

31,373
474

84,541
2,364

New Y o r k .........
N orth Carolina.
N orth Dakota. .
O h io ....................
Oklahom a..........

183
180
120
365
168

740,373
170,652
22,220
351,315
50,136

32,897
1,617
1,675
7,531
436

11,815
3,190
171
4,124
389

719,291
172,225
20,716
347,908
50,089

290,689
50,266
8,622
136,836
14,397

20,475
1,132
1,240
4,908
246

17,579
790
798
4,372
112

342
442
536
134

270,214
49,134
7,382
131,928
14,151

53,878
7,301
2,348
32,985
1,375

216,336
41,833
5,034
98,943
12,776

O regon...............
Pennsylvania.. .
Rhode Island3..
South Carolina.
South D a k ota . .

43
295
2
87
119

32,814
717,562

265
23,499

473
12,782

33,022
706,845

10.413
244,245

167
10,532

82
9,419

10,246
233,713

2,369
59,038

7,877
174,675

47,280
27,453

554
1,185

419
180

47,145
26,448

11,436
10,803

268
923

209
681

59
242

11,168

820
1,891

10,348
7,989

Tennessee..........
T e x a s..................
U ta h ...................
V erm ont.............
Virginia..............

227
292
27
33
164

115,088
131,015
28,420
70,239
142,429

3,156
2,721
333
8,101
4,244

773
579
445
440
834

112,705
128,873
28,532
62,578
139,019

50,430
45,977
11,033
33,678
73,378

1,741
1,816
155
4,122
2,910

1,123
1,250
135
3,545
2,026

618
566
20
577
884

48,689
44,161
10,878
29,556
70,468

12,989
9,547
1,052
16,225
16,083

35,700
34,614
9,826
13,331
54,385

W ashington. . . .
W est V irginia. .
W isconsin..........
W yom in g...........

87
75
455
23

37,022
73,229
301,835
13,269

250
4,404
5,967
299

638
311
3,912
82

37,410
69,136
299,780
13,052

12,917
30,069
92,721
5,533

151
2,661
3,863
231

35
2,083
2,636
106

116
578
1,227
125

12,766
27,408
88,858
5,302

1,629
7,814
23,615
1,895

11,137
19,594
65,243
3,407

BANKS

1,880
914
222
2,699
1,138

INSURED

3,633
829
3,236
3,176
4,036

O
F

159,228
89,839
39,414
118,011
125,081

ANALYSIS

275
109
16
109
40

EXAMINERS*

K en tu cky..........
Louisiana...........
M aine.................
M aryland..........
Massachusetts..

Possessions3. . . .
*The number of banks examined during the year does not agree with the number of banks at the close of the year.
2 Assets not shown on books” are not allocated to types of assets.
3Figures are included in deposit groups and in total.




OT
00

cn

Ta b le 123.

EXAM INERS* A N A LYSIS OF A SSETS OF OPERATING IN SU RED COMMERCIAL BA N KS NOT M E M B E R S OF T H E
F e d e r a l R e s e r v e S y s t e m , L a t e s t E x a m in a t io n i n 1936— Continued
BANKS GROUPED BY AMOUNT OF DEPOSITS AND BY S TA TES
Other assets

Securities
B ook
value

Estimated
loss and
doubtful

Appraised
value

Book
value

Appraised value

Estimated loss and doubtful
Total

Doubtful

Loss

Total

Slow

N ot
criticized

(In thousands of dollars)
19,529

2,403,715

2,006,568

56,779

53,630

3,149

1,949,789

262,667

,687,122

765
2,369
1,992

11,534
124,273
255,107

119
955
1,678

11,415
123,318
253,429

27,420
174,272
267,464

843
3,050
4,007

717
2,667
3,682

126
383
325

26,577
171,222
263,457

2,363
12,226
19,676

24,214
158,996
243,781

$500,000 to $1,000,000____
$1,000,000 to $ 2,000,000...
$2,000,000 to $5,000,000. . .

1,257
709
340

348,512
409,611
453,282

2,842
4,482
5,366

345,670
405,129
447,916

312,612
344,831
326,224

5,209
8,629
7,927

4,939
8,328
7,668

270
301
259

307,403
336,202
318,297

30,716
40,797
51,403

276,687
295,405
266,894

$5,000,000 to $10,000,000. .
$10,000,000 to $50,000,000.
Over $50,000,000..................

75
44
4

216,938
411,514
192,473

2,644
1,443

214,294
410,071
192,473

179,406
300,791
73,548

7,181
15,530
4,403

6,493
14,885
4,251

688
645
152

172,225
285,261
69,145

36,022
58,384
11,080

136,203
226,877
58,065

State
Alabama.
A rizona. . .
Arkansas. .
California.
C o lo ra d o..

120
5
154
95
55

8,687
4,863
11,070
210,810
6,531

8,643
4,863
10,996
210,659
6,473

19,273
8,071
24,952
68,694
10,633

114
49
180
1,217
126

96
49
169
1,183
92

18
11
34
34

19,159
8,022
24,772
67,477
10,507

1,128
608
950
13,262
352

18,031
7,414
23,822
54,215
10,155

C onnecticut...................
Delaware........................
District of Columbia3.
Florida ............................
Georgia...........................

37
24
10
93
182

36,453
22,672

36,392
22,620

37,866
10,264

638
213

577
211

61
2

37,228
10,051

5,795
945

31,433
9,106

22,464
15,226

112
42

22,352
15,184

23,658
34,101

158
525

147
525

11

23,500
33,576

1,276
3,847

22,224
29,729

I d a h o ...
Illinois. .
Indiana.
I o w a . ..
Kansas.

20
480
353
438
254

3,394
140,361
111,731
78,503
28,350

1
107
1,179
45
115

3,393
140,254
110,552
78,458
28,235

3,422
122,591
115,618
82,977
38,408

15
1,610
3,180
303
491

15
1,592
3,093
249
288

3,407
120,981
112,438
82,674
37,917

92
9,205
13,409
1,682
1,405

3,315
111,776
99,029
80,992
36,512




18
87
54
203

CORPORATION

2,423,244

INSURANCE

7,555

Banks with deposits as of
date of examination of—
$100,000 and under.........
$100,000 to $250,000____
$250,000 to $500,000____

DEPOSIT

United States and posses­
sions— to ta l.......................

FEDERAL

Num ber
of
banks1

46,676
22,410
11,094
46,768
44,242

42,217
39,049
8,945
24,114
26,010

1,223
358
443
710
979

1,007
354
431
696
869

216
4
12
14
110

40,994
38,691
8,502
23,404
25,031

2,648
2,735
1,225
3,069
5,030

38,346
35,956
7,277
20,335
20,001

M ichigan...................................
M innesota.................................
Mississippi................................
Missouri....................................
M on ta n a ...................................

254
432
168
487
53

95,262
68,983
38,067
65,439
7,733

1,033
107
64
69
17

94,229
68,876
38,003
65,370
7,716

59,179
44,369
49,492
79,549
8,310

1,562
405
227
1,247
52

1,438
243
209
1,151
39

124
162
18
96
13

57,617
43,964
49,265
78,302
8,258

7,460
3,404
1,885
3,478
422

50,157
40,560
47,380
74,824
7,836

N ebraska..................................
N evada3 ....................................
New Hampshire3 ....................
New Jersey...............................
New Meccico.............................

228
3
3
97
14

15,836

45

15,791

26,057

164

112

52

25,893

414

25,479

145,744
2,390

2,437

143,307
2,390

117,005
3,813

9,704
26

9,555
26

149

107,301
3,787

23,392
84

83,909
3,703

New Y o r k .................................
North Carolina.......................
N orth D a k ota ..........................
O h io...........................................
Oklahom a.................................

183
180
120
365
168

271,060
61,195
5,883
126,830
13,712

2,963
46
73
542
77

268,097
61,149
5,810
126,288
13,635

178,624
59,191
7,715
87,649
22,027

9,459
439
362
2,081
113

9,443
406
278
2,010
41

16
33
84
71
72

169,165
58,752
7,353
55,568
21,914

26,483
2,532
1,009
15,734
183

142,682
56,220
6,344
69,834
21,731

O regon.......................................
Pennsylvania............................
Rhode Island3 .........................
South C arolina........................
South D a k o ta ..........................

43
295
2
87
119

11,092
286,211

35
3,157

11,057
283,054

11,309
187,106

63
9,810

54
9,225

9
585

11,246
177,296

1,185
69,742

10,061
107,554

14,340
7,110

37
33

14,303
7,077

21,504
9,540

249
229

208
190

41
39

21,255
9,311

1,172
757

20,083
8,554

Tennessee..................................
Texas.........................................
U ta h ...........................................
Verm ont....................................
V irginia.....................................

227
292
27
33
164

25,140
32,877
9,311
23,445
28,953

108
128
55
2,114
385

25,032
32,749
9,256
21,331
28,568

39,518
52,161
8,076
13,116
40,098

1,307
777
123
1,865
949

1,122
729
122
1,781
890

185
48
1
84
59

38,211
51,384
7,953
11,251
39,149

4,595
3,107
439
4,249
6,325

33,616
48,277
7,514
7,002
32,824

W ashington..............................
W est V irginia..........................
W isconsin..................................
W yom in g..................................

87
75
455
23

12,204
18,906
135,879
2,481

19
502
783
18

12,185
18,404
135,096
2,463

11,901
24,254
73,235
5,255

80
1,241
1,321
50

70
1,234
1,235
48

10
7
86
2

11,821
23,013
71,914
5,205

451
2,783
10,149
132

11,370
20,230
61,765
5,073

Possessions3..............................

2

BANKS

216
39
592
357
1,266

INSURED

46,892
22,449
11,686
47,125
45,508

O
F

275
109
16
109
40

EXAMINERS’ ANALYSIS

K en tu cky..................................
Louisiana..................................
M aine........................................
M aryland..................................
M assachusetts.........................

x
The number of banks examined during the year does not agree with the number of banks at the close of the year.
3“ Assets not shown on b ook s" are not allocated to types of assets.
8
Figures are included in deposit groups and in total.




C
r<
cn

Ta b le 124.

EX A M IN ERS' A NA LYSIS OF A SSETS, RA TIO S, OF OPERATING IN SU R ED COMMERCIAL BA NKS NOT M EM B ER S
o f t h e F e d e r a l R e s e r v e S y s t e m , L a t e s t E x a m in a t io n i n 1936

C*

BANKS GROUPED BY AMOUNT OF DEPOSITS AND BY STATES
Total assets
B ook
value

Loans, discounts, and overdrafts
Appraised
value

Book
value

Estimated loss and doubtful

Appraised value

Assets not
shown on
books2

2.7

1.3

98.6

100.0

4.4

3.6

.8

95.6

21.0

74.6

Total

Loss

Doubtful

Total

Slow

N ot
criticized

(Ratios to book value, in percent)

B an k s w ith d e p o sits as o f
d a te o f e x a m in a tio n o f —
$100,000 and under...............
$100,000 to $250,000.............
$250,000 to $500,000.............

765
2,369
1,992

100.0
100.0
100.0

4.3
2.2
1.8

.5
.9
1.1

96.2
98.7
99.3

100.0
100.0
100.0

6.4
3.5
3.1

4.2
2.3
2.2

2.2
1.2
.9

93.6
96.5
96.9

22.3
19.8
18.7

71.3
76.7
78.2

$500,000 to $1,000,000.........
$1,000,000 to $ 2,000,000... .
$2,000,000 to $5,000,000___

1,257
709
340

100.0
100.0
100.0

2.0
2.6
3.0

1.2
1.2
1.3

99.2
98.6
98.3

100.0
100.0
100.0

3.4
4.3
5.2

2.5
3.5
4.3

.9
.8
.9

96.6
95.7
94.8

20.4
21.3
22.8

76.2
74.4
72.0

$5,000,000 to $10,000,000. . .
$10,000,000 to $50,000,000. .
Over $50,000,0003 .................

75
44
4

100.0
100.0
100.0

3.4
3.6
2.5

1.4
1.4
2.1

98.0
97.8
99.6

100.0
100.0
100.0

4.9
6.3
3.8

4.3
5.4
3.6

.6
.9
.2

95.1
93.7
96.2

20.4
23.5
19.0

74.7
70.2
77.2

S ta te
A labam a....................................
A rizona......................................
Arkansas...................................
California..................................
C olorado....................................

120
5
154
95
55

100.0
100.0
100.0
100.0
100.0

.8
.5
2.4
1.1
2.8

.7
1.7
.6
2.1
1.5

99.9
101.2
98.2
101.0
98.7

100.0
100.0
100.0
100.0
100.0

1.2
.9
6.3
2.1
6.0

.9
.8
4.2
1.8
3.6

.3
.1
2.1
.3
2.4

98.8
99.1
93.7
97.9
94.0

17.2
17.1
22.3
18.8
17.9

81.6
82.0
71.4
79.1
76.1

C onnecticut..............................
Delaware..................................
District of Columbia4 ........
F lorid a......................................
Georgia......................................

37
24
10
93
182

100.0
100.0

2.7
1.6

1.1
1.7

98.4
100.1

100.0
100.0

5.3
2.9

4.7
1.2

.6
1.7

94.7
97.1

35.1
21.1

59.6
76.0

100.0
100.0

.9
1.4

1.2
1.1

100.3
99.7

100.0
100.0

1.8
1.7

1.0
1.1

.8
.6

98.2
98.3

14.7
22.4

83.5
75.9

Id a h o .........................................
Illinois.......................................
Indiana......................................
Io w a ...........................................
Kansas......................................

20
480
353
438
254

100.0
100.0
100.0
100.0
100.0

1.0
1.3
2.8
.4
1.4

1.1
1.6
.9
.8
1.0

100.1
100.3
98.1
100.4
99.6

100.0
100.0
100.0
100.0
100.0

2.8
2.9
4.6
.7
2.2

1.7
2.4
3.9
.4
1.0

1.1
.5
.7
.3
1.2

97.2
97.1
95.4
99.3
97.8

10.6
23.7
23.8
15.9
9.7

86.6
73.4
71.6
83.4
88.1




CORPORATION

7,555

100.0

INSURANCE

U n ite d S ta te s a n d p o sses­
s io n s— t o t a l ............................

DEPOSIT

Estimated
loss and
doubtful

FEDERAL

N umber
of
banks1

1.2
1.0
.6
2.3
.9

98.9
100.1
92.4
99.6
97.7

100.0
100.0
100.0
100.0
100.0

3.1
1.5
11.7
4.5
3.3

2.3
1.1
9.8
3.2
2.2

.8
.4
1.9
1.3
1.1

96.9
98.5
88.3
95.5
96.7

21.9
24.9
32.7
24.6
16.9

75.0
73.6
55.6
70.9
79.8

M ichigan...................................
M innesota................................
Mississippi................................
Missouri....................................
M ontana...................................

254
432
168
487
53

100.0
100.0
100.0
100.0
100.0

1.8
1.0
.8
2.1
1.1

.6
1.6
.9
.9
1.0

98.8
100.6
100.1
98.8
99.9

100.0
100.0
100.0
100.0
100.0

2.1
1.9
1.8
4.1
3.0

1.4
.8
1.6
2.7
1.3

.7
1.1
.2
1.4
1.7

97.9
98.1
98.2
95.9
97.0

10.5
12.0
23.3
18.7
13.5

87.4
86.1
74.9
77.2
83.5

Nebraska..................................
N evada4 ....................................
N ew Hampshire4 ...................
New Jersey..............................
New M ex ico.............................

228
3
3
97
14

100.0

.7

.9

100.2

100.0

1.1

.6

.5

98.9

11.7

87.2

100.0
100.0

7.2
1.2

1.1
.8

93.9
99.6

100.0
100.0

12.4
2.8

11.5
1.6

.9
1.2

87.6
97.2

23.7
16.2

63.9
81.0

New Y o r k .................................
North Carolina.......................
North D a k ota .........................
O h io...........................................
Oklahoma.................................

183
180
120
365
168

100.0
100.0
100.0
100.0
100.0

4.4
1.0
7.5
2.2
.9

1.6
1.9
.8
1.2
.8

97.2
100.9
93.3
99.0
99.9

100.0
100.0
100.0
100.0
100.0

7.0
2.3
14.4
3.6
1.7

6.0
1.6
9.3
3.2
.8

1.0
.7
5.1
.4
.9

93.0
97.7
85.6
96.4
98.3

18.6
14.5
27.2
24.1
9.6

74.4
83.2
58.4
72.3
88.7

O regon.......................................
Pennsylvania...........................
Rhode Island4 .........................
South Carolina........................
South D a k ota ..........................

43
295
2
87
119

100.0
100.0

.8
3.3

1.4
1.8

100.6
98.5

100.0
100.0

1.6
4.3

.8
3.9

.8
.4

98.4
95.7

22.8
24.2

75.6
71.5

100.0
100.0

1.2
4.3

.9
.6

99.7
96.3

100.0
100.0

2.3
8.5

1.8
6.3

.5
2.2

97.7
91.5

7.2
17.5

90.5
74.0

Tennessee..................................
U ta h ...........................................
V erm ont....................................
V irginia.....................................

227
292
27
33
164

100.0
100.0
100.0
100.0
100.0

2.8
2.1
1.2
11.5
3.0

.7
.5
1.6
.6
.6

97.9
98.4
100.4
89.1
97.6

100.0
100.0
100.0
100.0
100.0

3.4
3.9
1.4
12.2
4.0

2.2
2.7
1.2
10.5
2.8

1.2
1.2
.2
1.7
1.2

96.6
96.1
98.6
87.8
96.0

25.8
20.8
9.5
48.2
21.9

70.8
75.3
89.1
39.6
74.1

W ashington..............................
W est Virginia..........................
W isconsin..................................
W yom in g..................................

87
75
455
23

100.0
100.0
100.0
100.0

.7
6.0
2.0
2.2

1.7
.4
1.3
.6

101.0
94.4
99.3
98.4

100.0
100.0
100.0
100.0

1.2
8.8
4.2
4.2

.3
6.9
2.9
1.9

.9
1.9
1.3
2.3

98.8
91.2
95.8
95.8

12.6
26.0
25.5
34.2

86.2
65.2
70.3
61.6

BANKS

2.3
.9
8.2
2.7
3.2

INSURED

100.0
100.0
100.0
100.0
100.0

O
F

275
109
16
109
40

EXAMINERS’ ANALYSIS

K en tu cky..................................
Louisiana..................................
M aine........................................
M aryland..................................
Massachusetts.........................

2
*The number of banks examined during the year does not agree with the number of banks at the close of the year.
2“ Assets not shown on books” are not allocated to types of assets.
3Because of the small number of banks, the figures for this group are not necessarily typical of banks with deposits of over $50,000,000.
4Figures are included in deposit groups and in total.

157




T a b le 124.

EX A M IN ERS’ A N A LYSIS OF A SSETS, RA TIO S, OF OPERATING IN SU RED COMMERCIAL BA N KS N O T M E M BERS OF
F e d e r a l R e s e r v e S y s t e m , L a t e s t E x a m in a t io n i n 1936— Continued
BAN KS GROUPED BY AMOUNT OF DEPOSITS AND B Y STATES
Other assets

Securities
B ook
value

Estimated
loss and
doubtful

Appraised
value

Book
value

Appraised value

Estimated loss and doubtful
Total

Loss

Doubtful

Total

N ot
criticized

Slow

(Ratios to book value, in percent)
.8

99.2

100.0

2.8

2.7

.1

97.2

13.1

84.1

765
2,369
1,992

100.0
100.0
100.0

1.0
.8
.7

99.0
99.2
99.3

100.0
100.0
100.0

3.1
1.7
1.5

2.6
1.5
1.4

.5
.2
.1

96.9
98.3
98.5

8.6
7.0
7.4

88.3
91.3
91.1

$500,000 to $1,000,000
$1,000,000 to $ 2 ,0 0 0 ,0 0 0 ....
$2,000,000 to $5,000,000___

1,257
709
340

100.0
100.0
100.0

.8
1.1
1.2

99.2
98.9
98.8

100.0
100.0
100.0

1.7
2.5
2.4

1.6
2.4
2.3

.1
.1
.1

98.3
97.5
97.6

9.8
11.8
15.8

88.5
85.7
81.8

$5,000,000 to $10,000,000. ..
$10,000,000 to $50,000,000. .
Over $50 000 000s

75
44
4

100.0
100.0
100.0

1.2
.4

98.8
99.6
100.0

100.0
100.0
100.0

4.0
5.2
6.0

3.6
5.0
5.8

.4
.2
.2

96.0
94.8
94.0

20.1
19.4
15.1

75.9
75.4
78.9

100.0
100.0
100.0
100.0
100.0

.5
.7
.1
.9

99.5
100.0
99.3
99.9
99.1

100.0
100.0
100.0
100.0
100.0

.6
.6
.7
1.8
1.2

.5
.6
.7
1.7
.9

.1

California..................................
Colorado....................................

120
5
154
95
55

99.4
99.4
99.3
98.2
98.8

5.8
7.5
3.8
19.3
3.3

93.6
91.9
95.5
78.9
95.5

Connecticut..............................
Delaware..................................
District of Columbia4...........
F lorida.......................................
rj-onronu

37
24
10
93
182

100.0
100.0

.2
.2

99.8
99.8

100.0
100.0

1.7
2.1

1.5
2.1

.2

98.3
97.9

15.3
9.2

83.0
88.7

100.0
100.0

.5
.3

99.5
99.7

100.0
100.0

.7
1.5

.6
1.5

.1

99.3
98.5

11.3

87.2

.1
1.1
.1
.4

100.0
99.9
98.9
99.9
99.6

100.0
100.0
100.0
100.0
100.0

.4
1.3
2.8
.4
1.3

.4
1.3
2.7
.3
.8

99.6
98.7
97.2
99.6
98.7

2.7
7.5
11.6
2.0
3.6

96.9
91.2
85.6
97.6
95.1

S ta te
Alabam a....................................
A ri7nn o
A 1 lr£ YQ1
* ) 1 SQ

Illinois
Indiana......................................
I o w a ...........................................
Kansas.......................................




20
480
353
438
254

100.0
100.0
100.0
100.0
100.0

.1
.3

.1
.1
.5

CORPORATION

100.0

INSURANCE

7,555

B an ks w ith d e p o sits as o f
d a te o f e x a m in a tio n o f —
$100,000 and under...............
$100,000 to $250,000.............
$250,000 to $500,000.............

DEPOSIT

U n ite d S ta tes a n d p osses­
s ion s— t o t a l ............................

FEDERAL

N um ber
of
banks1

K en tu cky.............
Louisiana.............
M aine...................
M aryland............
M assachusetts...

275
109
16
109
40

100.0

M ichigan.............
M innesota...........
Mississippi...........
Missouri...............
M ontana..............

254
432
168
487
53

N ebraska.............
N evada4...............
New Hampshire4
New Jersey.........
New M exico. . . .

228
3
3
97
14

100.0
100.0
100.0

1.7

New Y o r k ...........
North Carolina..
N orth Dakota. ..
O h io. . . ...............
Oklahom a............

183
180

100.0

1.1
.1
1.2

365
168

O regon.................
Pennsylvania
Rhode Island4 .. .
South C arolina. .
South D a k ota . ..

43
295
2
87
119

100.0
100.0

Tennessee............
T exa s....................
U ta h .....................
Verm ont...............
Virginia................
W ashington.........
W est V irginia. . .
W isconsin............
W yom in g.............

97.1
99.1
95.0
97.1
96.2

6.3
7.0
13.7
12.7
19.3

90.8
92.1
81.3
84.4
76.9

98.9
99.8
99.8
99.9
99.8

100.0
100.0
100.0
100.0
100.0

2.6
.9
.5

2.4
.5
.5
1.5
.5

97.4
99.1
99.5
98.4
99.4

12.6
7.7
3.8
4.4
5.1

84.8
91.4
95.7
94.0
94.3

99.7

100.0

99.4

1.6

97.8

100.0
100.0

8.3
.7

8.2

100.0

.7

91.7
99.3

20.0
2.2

71.7
97.1

.6

98.9
99.9
98.8
99.6
99.4

100.0
100.0
100.0
100.0
100.0

5.3
.7
4.7
2.4
.5

5.3
.7
3.6
2.3
.2

94.7
99.3
95.3
97.6
99.5

14.8
4.3
13.1
17.9

79.9
95.0
82.2
79.7
98.7

1.1

98.9

100.0
100.0

.6
5.2

.5
4.9

99.4
94.8

10.5
37.3

88.9
57.5

100.0
100.0

.3
.5

99.7
99.5

100.0
100.0

2.4

2.0

97.6

' ' 5.4*
7.9

’ 93.4'
89.7

227
292
27
33
164

100.0
100.0
100.0
100.0
100.0

.4
.4
.6
9.0
1.3

100.0
100.0
100.0
100.0
100.0

3.3
1.5
1.5
14.2
2.4

2.8

99.6
99.4
91.0
98.7

1.4
1.5
13.6
2.2

96.7
98.5
98.5
85.8
97.6

11.6
5.9
5.4
32.4
15.8

85.1
92.6
93.1
53.4
81.8

87
75
455
23

100.0
100.0
100.0
100.0

.2
2.7
.6
.7

97.3
99.4
99.3

100.0
100.0
100.0
100.0

.7
5.1
1.8

.6
5.1
1.7

99.3
94.9
98.2
99.0

3.8
11.5
13.9
2.5

95.5
83.4
84.3
96.5

120

100.0

2.8

100.0

1.1

100.0

100.0
100.0
100.0
100.0

100.0
100.0
100.0
100.0

.2
.2

.1
.2

.4

1.6

1.2

“ 1 .6 '

1.0

BANKS

2.4
.9
4.9
2.9
3.4

INSURED

2.9
.9
5.0
2.9
3.8

100.0
100.0
100.0
100.0

O
F

100.0

.5
.2
5.1
.8

EXAMINERS’ ANALYSIS

99.5
99.8
94.9
99.2
97.2

100.0
100.0

Possessions4........
!The number of banks examined during the year does not agree with the number of banks at the close of the year.
3“ Assets not shown on books” are not allocated to types of assets.
3Because of the small number of banks, the figures for this group are not necessarily typical of banks with deposits of over $50,000,000.
4
Figures are included in deposit groups and in total.




en

SUMMARY OP EXAMINERS’ ANALYSIS OF ASSETS OF OPERATING INSURED COMMERCIAL BANKS NOT
M e m b e r s of t h e F e d e r a l R e s e r v e S y st e m , E x a m in atio n s O c to b e r 1,1933, to D e c e m b e r 31,1936

Table 125.

BANKS GROUPED BY AMOUNT OF DEPOSITS AND BY STATES
Ratio of estimated loss and doubtful to book value of—
Loans

T otal assets
1934

1936

1935

1934

1935

1936

1934

1935

Ratio of slow loans to
book value of loans

Other assets
1936

1934

1935

1936

1934

1935

1936

(Ratios in percent)
4.7

2.7

8.0

6.5

4.4

7.5

4.0

.8

3.6

3.1

2.8

32.6

B an ks w ith d e p o sits o f —
$100,000 and un d er...............
$100,000 to $250,000.............
$250,000 to $500,000.............

9.3
8.5
8.7

6.2
4.7
5.2

5.1
3.2
3.0

4.3
2.2
1.8

8.4
6.1
6.5

7.1
4.6
4.3

6.4
3.5
3.1

6.1
5.4
6.2

3.0
2.4
2.6

1.0
.8
.7

3.2
2.4
2.6

3.4
1.8
1.8

3.1
1.7
1.6

34.8
35.1
34.4

25.9
23.9
23.7

22.3
19.8
18.7

$500,000 to $1,000,000____
$1,000,000 to $ 2,000,000...
$2,000,000 to $5,000,000. . .

10.9
11.5
11.2

5.9
6.5
7.6

3.4
4.6
5.4

2.0
2.6
3.0

6.4
7.6
8.9

4.5
6.1
7.8

3.4
4.3
5.2

7.9
8.2
8.7

3.5
4.4
4.9

.8
1.1
1.2

2.9
2.9
3.6

2.0
2.8
2.8

1.7
2.5
2.4

35.9
33.9
31.2

26.0
26.1
26.9

20.4
21.3
22.8

$5,000,000 to $10,000,000. .
$10,000,000 to $50,000,000.
Over $50,000,0003 ...............

11.2
9.5

7.9
8.1

6.2
5.3

7.5
7.1

4.8
2.7

5.1
9.3

4.8
5.7

4.0
5.2
6.0

‘ 31.2
25.8

26.3
20.6

20.4
23.5
19.0

S ta te
A labam a.
A rizona. . .
A rk a n sas..
California.
C o lo ra d o..

10.5
(4
)
8.9
6.1
13.8

4.1
(4)
4.2
3.1
5.0

2.4
.6
3.2
1.6
3.6

8.3
7.3

5.0
7.2

6.2
7.8
7.2
10.2
12.1
4.6
6.8

C onnecticut...................
Delaware........................
District of Columbia4.
F lorida............................
G eorgia...........................
I d a h o ..
Illinois. .
Indiana.
Io w a . . .
K ansas.




1
)

3.4
3.6
2.5

9.9

8.5

8.7

7.8

4.9
6.3
3.8

.8
.5
2.4
1.1
2.8

5.1
(4
)
5.7
2.7
10.1

2.5
1.3
5.8
2.8
7.8

1.2
.9
6.3
2.1
6.0

6.2
(4)
5.0
3.6
2.9

4.2

.5

2.4
.4
2.3

.7
.1
.9

1.3
(4)
2.2
2.9
1.1

1.2
.6
.9
1.8
.8

.6
.6
.7
1.8
1.2

30.9
(4)
52.6
25.3
28.4

18.5
28.5
28.5
19.6
23.4

17.2
17.1
22.3
18.8
17.9

3.9
2.9

2.7
1.6

7.1
6.0

6.5
3.8

5.3
2.9

4.5
8.6

1.6
3.2

.2
.2

1.4
6.5

1.5
.9

1.7
2.1

25.1
29.5

35.0
23.5

35.1
21.1

2.6
3.5

1.4
2.3

.9
1.4

3.8
4.5

2.4
2.7

1.8
1.7

2.2
5.3

1.2
3.2

.5
.3

2.4
1.3

.9
1.3

.7
1.5

30.6
35.8

19.0
25.6

14.7
22.4

2.7
3.1
6.1
2.4
3.9

1.5
1.6
3.9
1.0
2.3

1.0
1.3
2.8
.4
1.4

5.6
5.8
7.7
3.7
7.1

3.7
3.5
5.4
1.6
4.1

2.8
2.9
4.6
.7
2.2

1.8
1.5
6.2
2.2
2.5

.3
.4
2.8
.7
1.2

.1
1.1
.1
.4

1.6
1.7
4.0
1.2
1.6

1.2
1.2
3.4
.7
1.4

.4
1.3
2.8
.4
1.3

26.4
37.4
36.1
31.2
21.8

13.7
30.3
28.8
21.9
12.1

10.6
23.7
23.8
15.9
9.7

J
-

I
1

21.0

}

}

CORPORATION

6.7

INSURANCE

10.5

DEPOSIT

S ta tes— t o t a l .

U n ite d

FEDERAL

x1933

Securities

3.7
4.8
12.6
6.2
5.9

4.1
2.7
12.3
6.4
5.1

3.1
1.5
11.7
4.5
3.3

6.3
6.6
17.6
8.1
12.1

2.7
2.5
14.4
4.0
8.0

.5
.2
5.1
.8
2.8

2.2
4.1
1.9
3.3
3.4

3.0
2.3
5.2
3.4
3.3

2.9
.9
5.0
2.9
3.8

33.4
40.7
36.8
42.0
26.3

27.4
35.4
40.5
32.7
27.4

21.9
24.9
32.7
24.6
16.9

M ichigan...................................
M innesota................................
Mississippi................................
M issouri....................................
M ontana...................................

14.4
4.6
7.2
8.8
10.3

7.4
2.8
3.0
3.4
4.2

4.7
1.7
1.5
2.9
2.4

1.8
1.0
.8
2.1
1.1

8.0
4.1
4.4
5.3
6.4

6.3
3.2
2.9
5.0
5.7

2.1
1.9
1.8
4.1
3.0

8.3
2.2
2.4
2.5
4.7

3.8
.8
.8
.8
1.0

1.1
.2
.2
.1
.2

5.9
1.6
1.9
1.7
1.7

4.3
1.2
.8
2.0
1.0

2.6
.9
.5
1.6
.6

29.8
24.2
40.6
28.8
31.3

19.0
13.9
32.9
22.4
17.3

10.5
12.0
23.3
18.7
13.5

N ebraska..................................
N evada4 ....................................

9.3

2.9

1.3

.7

6.1

1.9

1.1

2.1

1.4

.3

.8

.6

.6

23.8

15.6

11.7

New Jersey...............................
N ew M e x ico............................

18.7
12.9

15.7
2.9

12.7
1.8

7.2
1.2

19.5
6.3

17.7
4.0

12.4
2.8

15.6
.6

10.7
.1

1.7

8.5
1.4

8.1
1.4

8.3
.7

35.7
44.8

24.8
24.7

23.7
16.2

N ew Y o r k .................................
North C arolina.......................
North D a k ota ..........................
O h io ...........................................
Oklahom a.................................

12.7
6.0
15.0
9.4
5.4

9.4
2.3
16.1
5.3
2.2

7.3
1.2
11.6
3.9
1.3

4.4
1.0
7.5
2.2
.9

10.9
4.3
23.5
7.3
4.5

9.4
2.4
19.3
6.0
2.3

7.0
2.3
14.4
3.6
1.7

10.2
.9
9.2
3.0
1.4

6.3
.2
4.0
1.8
1.0

1.1
.1
1.2
.4
.6

4.7
1.7
10.1
4.0
1.3

5.2
1.1
7.9
3.2
.9

5.3
.7
4.7
2.4
.5

20.8
33.1
39.9
46.6
22.5

18.3
16.9
27.0
31.7
12.4

18.6
14.5
27.2
24.1
9.6

O regon.......................................
Pennsylvania...........................
Rhode Island4 .........................
South C arolina........................
South D a k o ta ..........................

7.7
11.9

2.7
9.1

2.1
7.2

.8
3.3

6.3
8.2

6.1
7.6

1.6
4.3

.5
12.2

8.5

.3
1.1

.5
6.1

.5
4.7

.6
5.2

47.8
33.6

33.8
27.5

22.8
24.2

6.8
10.7

1.6
9.0

1.6
5.3

1.2
4.3

1.0
16.3

1.5
10.1

2.3
8.5

3.2
5.0

2.5
1.5

.3
.5

1.2
3.6

1.2
2.8

1.2
2.4

14.0
32.0

6.0
20.6

7.2
17.5

Tennessee..................................
T exas.........................................
U ta h ...........................................
V erm ont....................................
V irginia.....................................

6.2
6.1
11.6
21.1
8.0

6.1
4.6
5.2
15.7
5.6

4.8
3.8
1.7
15.6
3.9

2.8
2.1
1.2
11.5
3.0

6.1
8.8
7.4
12.6
6.1

5.7
7.0
2.2
14.8
5.0

3.4
3.9
1.4
12.2
4.0

8.4
2.8
4.0
23.7
6.9

4.3
2.3
.8
17.5
3.2

.4
.4
.6
9.0
1.3

5.0
1.6
3.7
11.0
3.3

3.9
1.8
2.6
14.5
2.0

3.3
1.5
1.5
14.2
2.4

43.9
41.6
27.3
41.9
36.7

36.2
29.0
23.2
47.5
25.2

25.8
20.8
9.5
48.2
21.9

W ashington..............................
W est V irginia..........................
W isconsin..................................
W yom in g..................................

6.6
12.0
10.5
10.2

3.5
9.5
7.6
5.8

1.7
7.6
4.2
3.5

.7
6.0
2.0
2.2

4.0
11.6
8.3
9.7

2.1
10.2
6.4
5.6

1.2
8.8
4.2
4.2

4.5
8.9
10.4
2.8

1.5
5.1
3.9
1.9

.2
2.7
.6
.7

1.7
5.9
2.8
2.0

1.3
5.7
1.8
1.9

.7
5.1
1.8
1.0

34.8
39.9
43.6
31.3

22.9
33.2
32.6
39.3

12.6
26.0
25.5
34.2

E xam in ation for admission to insurance in 1933 and 1934.
2For 1933 and 1936, deposits as of date of examination. For 1934 and 1935, deposits as of December 31.
4
Because of the small number of banks, the figures for this group are not necessarily typical of banks with deposits of over $50,000,000.
^Figures are included in deposit groups and in total.




BANKS

2.3
.9
8.2
2.7
3.2

INSURED

3.4
2.5
11.5
4.9
5.7

O
F

4.0
5.0
11.7
6.4
7.2

ANALYSIS

8.9
10.8
15.0
8.7
9.8

EXAMINERS'

K en tu cky..................................
Louisiana..................................
M aine........................................
M aryland..................................
Massachusetts.........................

FEDERAL DEPOSIT INSURANCE CORPORATION

162

CAPITAL INVESTMENT OF THE RECONSTRUCTION FINANCE
CORPORATION
Table 126.

C A PITA L INVESTMENT OF THE RECONSTRUCTION FIN AN CE CORPORATION

i n O p e r a t i n g I n s u r e d C o m m e r c i a l B a n k s , D e c e m b e r 31,193 6
BY CLASS OF BANK IN EACH STATE AND POSSESSION
(Amounts in thousands o f dollars)
Banks members F. R . System1
All banks
National
N o. of
banks

Amount

N o. of
banks

Amount

State
N o. of
banks

Amount

Banks not mem­
bers F . R .
System
N o. of
banks

Amount

U n ited S ta tes a n d
p o ss es sion — to ta l

5,298

643,441

1,785

314,646

330

136,327

3,183

192,468

S ta te
A labam a.......................
A rizona.........................
Arkansas......................
California.....................
C olorado.......................

56
3
104
95
54

11,454
1,365
3,987
36,080
4,099

18
2
19
52
30

7,183
1,340
1,367
18,334
3,324

4

3.250
655
►
,535
200

34
1
80
39
23

1,021
25
1,965
11,211
575

C onnecticut.................
D elaw are......................
District of Columbia.
F lorid a ..........................
G eorgia.........................

37
10
7
40
73

6,494
346
2,545
1.969
3,654

15
4
2
13
15

3,590
137
1,100
1,165
1,160

258
875

22
6
5
25
52

2,904
209
1,445
546
1,619

Id a h o ............................
Illin ois..........................
Indiana.........................
I o w a ..............................
Kansas..........................

24
188
250
122
187

1,620
56,847
12,986
8,218
4,758

9
114
43
40
45

685
51,473
4,366
4,862
2,075

705
2,263
1,170
1,060
150

11
61
203
78
137

230
3,111
7,450
2,296
2,533

K en tu cky.....................
Louisiana.....................
M aine............................
M aryland.....................
Massachusetts............

106
88
24
63
52

7,330
8,899
5,828
8,216
13,063

27
14
12
12
30

2,899
3,648
2,008
2,469
7,640

3
2
4
6

1,325
1,775
900
2,250
2,848

76
71
10
47
16

3,106
3,476
2,920
3.497
2,575

M ichigan......................
M innesota....................
Mississippi...................
M issouri.......................
M on tana......................

164
199
137
189
45

34,084
11,624
8,217
9.586
2,539

47
70
15
25
15

16,186
9,010
2,530
3,463
931

32
2

10,497
32

85
127
122
145
24

7,401
2,582
5,687
3,289
585

N ebraska.....................
N evad a.........................
New Ham pshire.........
New Jersey..................
New M ex ico............

132
3
7
197
17

5.970
105
447
67,504
673

46
2
6
129
6

4,373
75
347
27,802
395

1
1
43

1,513
30
100
23,022
247

New Y o r k ....................
N orth C arolina..........
North D a k ota .............
O h io..............................
Oklahom a....................

383
118
109
331
42

82,821
6.586
2,791
62,437
6,285

211
17
24
77

27,727
1,401
1,567
21,860
6,225

120
98
85
227
5

21,599
3.497
1,224
14,032
50

Oregon. . . . .................
Pennsylvania...............
Rhode Island..............
South Carolina...........
South D a k o ta .............

46
269
4
33
99

1,499
40,314
750
2,076
3,167

15
186
3
5
22

523
16,269
500
1,364
2,129

28
68
1
28
73

931
14,954
250
712
883

Tennessee.....................
T exas............................
U ta h ..............................
V erm ont.......................
V irginia........................

112
344
34
42
123

11,877
25,145
2,608
7,583
8,200

24
133
7
9
31

7,650
18,972
1,018
473
2,135

1,980

86
192
16
33
90

4,002
5,733
470
7,110
4,085

W ashington.................
W est V irginia.............
W isconsin.....................
W yom in g.....................

86
80
349
20

4,266
4,957
28,220
1,228

21
30
49

2,395
2,296
13,593
612

803
495
2,768
67

52
46
288
9

1,068
2,166
11,859
549

P ossession
Virgin Islands.............

124

2,834
1,023
84
25
2

16,680
31
33,495
1,688

27
1

26,545
10

15

45
9,091
155
225
440
1,120

124

*Data concerning national and State banks members of the Federal Reserve System were obtained
from the Re-port of the Reconstruction Finance Corporation for the Fourth Quarter of 1936.




C a p it a l I n v e s t m e n t R e c o n s t r u c t io n F i n a n c e C o r p o r a t io n

163

T able 127. RECONSTRUCTION FINANCE CORPORATION CAPITAL DISBURSEMENTS AND
R e t ir e m e n t s D u r in g 1936, O p e r a t in g I n s u r e d C o m m e r c ia l B a n k s N ot
M e m b e r s of t h e F e d e r a l R e s e r v e S y s t e m
in

each

state

R .F .C .
capital
outstanding
Dec. 31,193s1
U n ited S ta tes a n d p o s ­
session — t o t a l .....................$211,545,881
S ta te
A labam a.
Arizona. . .
A rkansas..
California.
Colorado. .

and

p o sse ssio n

Disburse­
ments

Retirements

Other
deductions2

R .F .C .
capital
outstanding
Dec. 31, 1936

$5,202,900

$14,790,552

9,489,748

$192,468,481
1,020,965
24,967
I,965,240

1,078,477
24,996
2,090,474
12.772.000
575.000

120,234
1,560,800

5,000

C onnecticut................
Delaware.....................
D istrict of Columbia.
Florida.........................
G eorgia........................

3.410.500
223.000
1.500.000
588,414
1.675.000

406,332
14,000
55,300
1,183
51,500

100,000

I d a h o .. .
Illinois. .
Indiana.
I o w a ... .
K ansas..

215.000
4.201.000
7.831.000
2,485,350
2.635.000

675,450
133.500
224,750
153,028

415,000
327,500

K en tu ck y.........
Louisiana.........
M a ine................
M aryland.........
Massachusetts.

3.724.000
4.583.500
2,925,078
4.050.000
2.575.000

198,100
562.500
5,459
52,800

425.000
545.000

M ichigan. . .
M inn esota..
M ississippi.
Missouri. . .
M on tana. ..

8,770,580
3.250.500
5.922.500
3.586.000
664.500

21,000
40,000
119,000

535,300
654,200
217,100
275,550
79,500

844,500
35.000
58.000
140,000

7,400,780
2,582,300
5,687,400
3,289,450
585.000

10,000

197,209

26,382

3,355,000
25,000

173,737

1,513,058
30.000
100.000
23,022,192
247.500

N ebraska............
N eva d a...............
New Hampshire.
New Jersey........
New M e x ic o .. ..

1,726,649
30.000
100.000
20,290,929
232.500

New Y o r k ..........
North Carolina.
N orth D akota. .
O hio................... .
Oklahom a.........

953.500
14,958,644
250.000
687,300
979.500

Tennessee.
Texas.........
U ta h .........
Verm ont. .
Virginia.. .
W ashington...
W est Virginia.
W isconsin. . . .
W yom ing. . . .

30,200

71,066
5,000

15,000
80,000
35,000
71,250
5,000

10,000

10,000

20,000

500,000

'

450,666

2,904,168
209.000
1,444,700
546,365
1.618.500
230.000
3.110.550
7.450.000
2,295,600
2,533,222
3,105,900
3.476.000
2,919,619
3,497,200
2.575.000

4,650,500
232,390
70,000
921,000

600,000
12,500
255,000
3,800,000
10,000

21,599,500
3,496,750
1.224.000
14,032,000
50.000

7,500
154,577

15,000

61,000

150,000

36.000

931.000
14,954,067
250.000
712,300
882.500

25,666

3,141,600
6.562.500
500.000
7.210.000
4,392,250

924,950
30,000

1.156.000
2.136.000
13.338.000
590.000

15,000
155,000
81,500
5,000

P ossession
Virgin Islands........
R evised .
3
Due to changes in charter jurisdiction, insured status, etc.
*RFC capital of bank admitted to insurance in 1936.




11,211,200

575.000

26.850.000
3,741,640
1.549.000
18.753.000
60.000

Oregon...............
Pennyslvania. .
Rhode Island. .
South Carolina.
South D a k o ta ..

57,512

65.000
250,800
18,000

4.001.550
5.733.500
470.000
7.110.000
4,084,938

1 , 000,000

21,500

560,000
25,000

1.067.500
2.166.000
II,859,500
548.500

1,000

3
125,000

124,000

608,200
30,000
100,000
289,312
103,500
125,000

164

FEDERAL DEPOSIT INSURANCE CORPORATION
E A R N IN G S O F IN S U R E D C O M M E R C IA L B A N K S

T able 128.

EARNINGS, EXPENSES, AND DISPOSITION OF PROFITS OF OPERATING

I n s u r e d C o m m e r c ia l B a n k s , C a l e n d a r Y e a r s 1934, 1935 a n d 1936
Amounts in thousands of
dollars
1934

1935

1934

1935

1936

$1.53
1.22

$1.33
1.14

$1.24
1.07

.17
.45
3.37

.19
.42
3.08

.20
.41
2.92

C u rren t o p e ra tin g ex p e n se s :
323,029
Interest on time and savings deposits. . . .
276,998
236,830
7,319
2,642
1,624
Interest and discount on borrow ings.........
401,222
Salaries, wages, and fees..............................
410,084
436,624
76,834
79,047
4
95,113
Taxes.................................................................
Other current operating expenses...............
258,829
272,104
312,593
T o ta l c u r r e n t o p e ra tin g e xp e n se s.. . 1,067,233 1,040,875 1,082,784

$0.72
.02
.89
.17
.57
2.37

$0.57
.01
.85
.16
.57
2.16

$0.44

N et c u rre n t o p e ra tin g e a r n in g s ................

448,375

442,126

$1.00

$0.92

$0.90

P rofits o n assets sold o r e xch a n g e d , re ­
coveries a n d re d u c tio n s in va lu ­
a tio n a llo w a n ce s:
Profits on securities sold or exchanged5
Recoveries and reductions in valuation
allowances on loans....................................
Recoveries and reductions in valuation
allowances on securities............................
All other recoveries, profits on assets sold,
and reductions in valuation allowances.
T o t a l p rofits o n assets sold , r e ­
coveries, e t c ...........................................

52,770

81,675

110,403

$0.12

$0.17

.21

206,120

315,937

174,970

.46

.66

.33

32,755

34,445

31,404

.07

.07

.05

291,645

432,057

584,451

.65

.90

1.09

740,020

14,124

14,110

1936

Amounts per $100 of
total assets1

313,956

C u rre n t o p e ra tin g e a r n in g s :
Interest and discount on loans....................
689,143
641,737
661,574
Interest and dividends on securities..........
549,504
547,108
573,472
Commissions, fees, and collection, ex­
75,553
change and service charges......................
89,668
104,696
Other current operating earnings...............
201,408
204,488
223,948
G ross c u r r e n t o p e ra tin g e a r n in g s .. . 1,515,608 1,483,001 1,563,690

N et e a rn in g s, p rofits a n d recoveries o n
assets, e t c ...................................................

480,906

267,674

.82
.18
.58
2.02

$0.50

874,183 1,065,357

$1.65

$1.82

$1.99

L osses, ch a r g e -o ffs, a n d a d d itio n s to
v a lu a tio n a llo w a n c e s :
551,644
On loans..........................................................
391,266
On securities....................................................
All other losses, charge-offs, and additions
136,329
to valuation allow ances...........................
T o t a l losses, ch a r g e -o ffs, e t c .............. 1,079,239

318,271
239,053

249,756
154,574

$1.23
.87

$0.66
.50

$0.47
.29

109,940
667,264

135,206
539,536

.30
2.40

.23
1.39

.25
1.01

6
523,379

$-0.75

$0.43

$0.98

.43

-339,219

206,919

C ash d ivid en d s d ecla red a n d in te re s t
p a id o n c a p i t a l .........................................

187,595

207,317

223,208

.42

N et p rofits a fte r d iv id e n d s ..........................

-526,814

-398

300,171

$-1.17

N et p rofits b e fo re d iv id e n d s .......................

.42
$0.56

1 Averages of call date figures.
2 Excludes banks not members of the Federal Reserve System as follows: 25 for 1934, 16 for 1935
and 17 for 1936.
3 Includes in addition figures for 61 banks reporting for the first half of the year only. See notes
2 and 3, Table 129.
4 Exclusive of $2,442,000 “ Income Taxes” paid by banks not members of the Federal Reserve
System.
5 Amounts reported separately only for 1936. Included with recoveries in previous years.
8 After payment of “ Income Taxes.” See note 4.
N O T E : Minus ( - ) indicates deficit or deduction from profits.




165

EARNINGS OF INSURED COMMERCIAL BANKS

Table 129.

E a r n i n g s , E x p e n s e s , AND DISPOSITION OF PROFITS OF O PERATIN G
I n s u r e d C o m m e r c i a l B a n k s , C a l e n d a r Y e a r 1936
BY CLASS OF

All
insured
banks

BANK
Banks members
F. R . System

National
Number of banks.....................................

13,956

C u rren t o p e ra tin g e a r n in g s :
661,574
Interest and discount on loans..................
573,472
Interest and dividends on securities........
Commissions, fees, and collection, ex­
change and service charges..................
104,696
223,948
Other current operating earnings...........
G ross cu r r e n t o p e ra tin g ea rn in g s. . 1,563,690

State

25,325

31,051

Banks not
members F . R .
System1
Total
7,580

Operating
through­ Operating
out entire less than
full year
year
7,460

120

(In thousand s of dollar•s)
346,951 166,453 148,170 145,412
325,772 161,335
86,365
84,419

2,758
1,946

49,634
101,470
823,827

21,185
98,121
447,094

33,877
24,357
29^,769

33,251
23,706
286,788

626
651
5,981

C u rre n t o p e ra tin g exp en ses:
Interest on time and savings deposits. . . 236,830 126,175
48,991
1,624
265
342
Interest and discount on borrowings........
Salaries, wages, and fees..........................
436,624 225,839 132,153
................... (other than 449,502 4
Taxes 495,113
on in com e)
31,650
Other current operating expenses.............
312,593 162,550
94,654
T o t a l c u r r e n t o p e ra tin g e x p e n se s .. 1,082,784 564,331 307,790

61,664
1,017
78,632
13,961
55,389
210,663

60,486
1,016
77,101
13,684
54,008
206,295

1,178
1
1,531
277
1,381
4,368

139,304

82,106

80,493

1,613

1,211

N et c u r r e n t o p e ra tin g e a r n in g s ..............
P rofits o n assets s o ld o r exch a n g ed ,
recoveries a n d r e d u c tio n s in va l­
u a t io n a llo w a n ce s :
Profits on securities sold or exchanged. . .
Recoveries and reductions in valuation
allowances on loans..............................
Recoveries and reductions in valuation
allowances on securities..........................
All other recoveries, profits on assets sold,
and reductions in valuation allowances
T o ta l p rofits o n assets sold , r e ­
coveries, e t c .....................................

480,906

259,496

267,674

157,891

72,808

36,975

35,764

110,403

69,515

24,740

16,148

15,514

634

174,970

120,654

39,663

14,653

14,309

344

31,404

12,187

10,610

8,607

7,954

653

584,451

360,247

147,821

76,383

73,541

2,842

N et ea rn in g s, p rofits a n d recoveries on
assets, e t c ............................................. 1,065,357

619,743

287,125

158,489

154,034

4,455

Losses, ch a r g e -o ffs, a n d a d d itio n s to
v a lu a tio n a llo w a n ce s :
On loans........................................................
On securities......................................
All other losses, charge-offs, and addi­
tions to valuation allowances................
T o t a l losses, ch a r g e -o ffs , e t c ...........

249,756
154,574

154,312
91,935

52,231
39,473

43,213
23,166

41,300
22,188

1,913
978

135,206
539,536

59,926
306,173

43,692
135,396

31,588
97,967

29,860
93,348

1,728
4,619

N et p ro fits b e fo r e in c o m e taxes an d
d iv id e n d s ...............................................
I n c o m e taxes, F ed era l a n d S t a t e ...........
N et p rofits a fte r in c o m e t a x e s .................

(5)
(5
)
523,379

(5)
(5)
313,570

(5
)
(5)
151,729

60,522
2,442
58,080

60,686
2,416
58,270

-1 64
26
-190

7,205
17,311

7,061
16,966

144
345

C ash d ivid en d s d ecla red a n d in terest
p a id o n c a p ita l:
Dividends declared and interest paid on
preferred capital6......................................
Dividends declared on common capital6.
T o ta l ca sh d ivid en d s d ecla red and
in te re st p a id o n c a p it a l .................

223,208

121,355

77,337

24,516

24,027

489

N et p rofits a fte r d iv id e n d s ........................

300,171

192,215

74,392

33,564

34,243

-679

E xcludes 2 national banks in Alaska, 1 national bank in the Virgin Islands, 10 banks in the District
of Columbia, and 4 other banks.
in clu d es in addition figures for 52 banks reporting for the first half of the year only,
in clu d es in addition figures for 9 banks reporting for the first half of the year only,
in clu d es “ Income Taxes” for national and State banks members of the Federal Reserve System.
5 ot available. See note 4.
N
6Amounts reported separately only for banks not members of the Federal Reserve System.
N O T E : Minus (— ) indicates deficit or deduction from profits.




Ta b le 130.

EARNINGS, E X P E N S E S , AND DISPOSITION OF P R O FITS OF OPERATING IN SU RED COMMERCIAL BA NKS
of th e F e d e r a l R e s e r v e S y s t e m , C a le n d a r Y e a r s 19 34 ,1 93 5 an d 1936

N ot M e m b e r s

Amounts per $100 of total assets1

Amounts in thousands of dollars

1934

1936
Operating Operating
throughout less than
entire year full year

1934

1935

Total

1936
Operating
throughout
entire year

Operating
less than
full year

7682

7723

7580

7460

120

149,129
75,713

143,319
79,894

148,170
86,365

145,412
84,419

2,758
1,946

$2.42
1.23

$2.21
1.23

$2.13
1.24

$2.14
1.24

$1.65
1.17

20,124
26,769
271,735

25,201
27,927
276,341

33,877
24,357
292,769

33,251
23,706
286,788

626
651
5,981

.33
.42
4.40

.39
.43
4.26

.49
.35
4.21

.49
.35
4.22

.38
.39
3.59

68,512
1.411
75,620
815,368

61,664
1,017
78,632
13,961

60,486
1,016
77,101
13,684

1,178
1
1,531
277

$1.28
.06
1.20
.24

$1.06
.02
1.16
.24

$0.89
.02
1.13
.20

$0.89
.02
1.14
.20

$0.70

46,i42
217,844

47,435
208,346

13,475
41,914
210,663

13,004
41,004
206,295

471
910
4,368

.75
3.53

.73
3.21

.19
.60
3.03

.19
.60
3.04

.28
.55
2.62

N et c u r r e n t o p e ra tin g e a r n in g s ............................

53,891

67,995

82,106

80,493

1,613

$0.87

$1.05

$1.18

$1.18

$0.97

36,975
1,524

35,764
1,516

1,211
8

$0.53
.02

$0.53
.02

$0.73
.38

P rofits o n assets sold o r exch a n g ed , recoveries
a n d re d u c tio n s in v a lu a tio n a llo w a n c e s :
Profits on SGCiiritiGS sold or oxchfingGd^
Profits on other assets sold or 0xcli3n^ed^
Recoveries and reductions in valuation allow­
ances on loans.........................................................
Recoveries and reductions in valuation allow­
ances on securities..................................................
All other recoveries and reductions in valuation
allowances.................................................................
T o ta l profits o n assets sold , recoveries, e tc.
N et earn in g s, p rofits a n d recoveries o n assets,
e t c ...............................................................................
Losses, ch a r g e -o ffs, a n d a d d itio n s to v a lu a tio n
a llo w a n c e s :
On loans........................................................................
On securities.................................................................
All other losses, charge-offs, and additions to
valuation allowances..............................................
T o ta l losses, ch a r g e -o ffs, e t c ..........................




.92
.17

8,381

9,765

16,148

15,514

634

$0.14

$0.15

.23

.23

20,529

38,897

14,653

14,309

344

.33

.60

.21

.21

.21

8,776
37,686

7,370
56,032

7,083
76,383

6,438
73,541

645
2,842

.14
.61

.11
.86

.11
1.10

.09
1.08

.39
1.71

91,577

124,027

158,489

154,034

4,455

$1.48

$1.91

$2.28

$2.26

$2.68

99,862
70,770

65,897
40,263

43,213
23,166

41,300
22,188

1,913
978

$1.61
1.15

$1.02
.62

$0.62
.33

$0.61
.33

$1.15
.59

35,663
206,295

22,829
128,989

31,588
97,967

29,860
93,348

1,728
4,619

.58
3.34

.35
1.99

.46
1.41

.43
1.37 1

1.04
2.78

CORPORATION

79,666
3,682
73*798
814,556

INSURANCE

C u rre n t o p e ra tin g exp en ses:
Interest on time and savings deposits...................
Tnforocf onr? Hics^nnnt nn hnrrnwincfQ
Salaries, wages, and fees...........................................
Taxes (other than on in com e).................................
Other expenses of occupancy and maintenance
of banking quarters^
Other current operating expenses...........................
T o ta l c u r r e n t o p e ra tin g e x p e n se s ...............

DEPOSIT

C u rre n t o p e ra tin g e a rn in g s:
Interest and discount on loans................................
Interest and dividends on securities......................
Commissions, fees, and collection, exchange and
service charges.........................................................
Other current operating earnings............................
G ross c u r r e n t o p e ra tin g e a r n in g s ...............

Total

FEDERAL

Number of banks2 .............................................

1935

Net profits before income taxes and dividends
Income taxes, Federal and State.......................
Net profits after income taxes.............................
C ash d ivid en d s d ecla red a n d in te re s t p a id o n
c a p ita l:
Dividends declared and interest paid on preferred
capital4 ......................................................................
Dividends declared on common capital4.............
T o ta l ca s h d iv id en d s d ecla red a n d in terest
p a id o n c a p i t a l .............................................

7,061
16,966

144
345

$-0.08

$0.87
.04
.83

$0.89
.04
.85

$-0.10
.02
-0.12

$0.10
.25

$-1.86

$0.10
.25

$0.09
.20

13,929

20,473

24,516

24,027

-128,647

-25,435

33,564

34,243

-679

4,022
2,670
2,982
287
2,713
12,674

3,297
2,181
2,398
109
2,445
10,430

725
489
584
178
268
2,244

16,645
594
29

15,606
574
29

1,039
20

5,087

5,052

35

.07

.07

.02

22,355

21,261

1,094

.32

.31

.66

$0.23

$0.31

.35

.35

.29

$-2.09

$-0.39

$0.48

$0.50

$-0.41

).05
.03
.04
.03
.15

$0.44
.29
.35
.11
.16
1,35

>.23
.01

$0.63
.01

0.24
.01

INSURED

23,883

23,412

471

$0.34

$0.34

$0.28

Total capital account, December 31, 1 93 5 ..................
Total capital account, December 31, 1 9 3 6 ..................

1,019,078
1 M 2,961

999,316
1,022,728

19,762
20,233

11+.65
1U.99

11+.72
15.06

11.87
12.15

ASSETS
Cash and due from b an ks........................................
Securities.......................................................................
L oa n s.............................................................................
Miscellaneous i
T ota l a ssets.

1,567,381
2,439,957
2,497,141
450,971
6,955,450

1,528,532
2,379,723
2,438,920
441,809
6,788,984

38,849
60,234
58,221
9,162
166,466

$22.53
35.08
35.90
6.49
100.00

$22.51
35.05
35.93
6.51
100.00

$23.34
36.19
34.97
5.50
100.00

BANKS

L IA B IL IT IE S A N D C A P IT A L
Demand deposits................................................
Time deposits.................................................... .
T o t a l d e p o s it s ..............................................
Miscellaneous liabilities....................................
Total capital account........................................
T o ta l lia b ilitie s a n d c a p ita l a c c o u n t ,

2,877,642
2,961,437
5,839,079
72,695
1,043,676
6,955,450

2,793,289
2,900,343
5,693,632
71,766
1,023,586
6,788,984

84,353
61,094
145,447
929
20,090
166,466

$41.37
42.58
83.95
1.05
15.00
100.00

$41.14
42.72
83.86
1.06
15.08
100.00

$50.67
36.70
87.37
.56
12.07
100.00

M o n th ly average o f assets a n d lia b ilit ie s :8

1
Averages of call date figures for 1934 and 1935. Averages of end-of-month figures for 1936.
a
Excludes banks as follows: 25 for 1934, 16 for 1935 and 17 for 1936.
3Includes “ Incom e T axes."
4
Amounts reported separately only for 1936.
6N ot available. See note 3.
6
Asset and liability items are averages of end-of-month figures.
N O T E : Minus (- ) indicates deficit or deduction from profits.




167

N et c h a n g e in to ta l c a p ita l a c c o u n t fo r period

COMMERCIAL

O th e r d e d u c t io n s f r o m ca p ita l a c c o u n t :4
Preferred capital retired (par va lu e).....................
Comm on capital retired (par va lu e).....................
Premiums on preferred capital retired.................
Paym ents to depositors on waived or sub­
ordinated claim s.....................................................
T o t a l o t h e r d e d u c tio n s fr o m ca p ita l
a c c o u n t ...........................................................

-164
26
-190

O
P

O th e r a d d itio n s t o c a p ita l a c c o u n t :4
Preferred capital sold (par v a lu e)......................
Common capital sold (par value).......................
Premiums on new capital so ld ............................
Deposits waived and subordinated....................
Assessments and other contributions................
T o t a l o t h e r a d d it io n s t o c a p ita l a c c o u n t

60,686
2,416
58,270

EARNINGS

N et p rofits a fte r d iv id e n d s ..................................

(5
)
(5
)
-4,962

60,522
2,442
58,080

7,205
17,311

(s)
(5
)
-114,718

Table 131.

EARNINGS, E x p e n s e s , AND DISPOSITION OF PROFITS OF INSURED COMMERCIAL BANKS NOT MEMBERS OF THE
F e d e r a l R e s e r v e S y ste m , C a le n d a r Y e a r 1936
BANKS OPERATING THROUGHOUT ENTIRE YEAR GROUPED BY AMOUNT OF DEPOSITS

18
6

Banks with monthly average deposits of— 1
All
banks

Number of banks....................................................

$100,000
to
$250,000

$250,000
to
$500,000

7,460

741

2,327

1,998

1,238

145,412
84,419

2,639
395

14,618
4,584

21,654
9,404

24,151
12,780

33,251
23,706
286,788

728
185
3,947

3,763
1,006
23,971

4,987
1,688
37,733

$500,000 $1,000,000 $2,000,000
to
to
to
$1,000,000 $2,000,000 $5,000,000
701

$5,000,000 $10,000,000
Over
to
to
$10,000,000 $50,000,000 $50,000,000
76

43

4

24,413
14,891

23,260
15,453

12,829
7,896

14,880
13,215

6,968
5,801

5,114
2,414
44,459

4,890
3,070
47,264

4,840
3,774
47,327

2,554
3,529
26,808

5,724
6,971
40,790

651
1,069
14,489

(In 1
:housands of’ dollars)

368
14
1,388
232

3,495
63
7,505
1,200

7,011
77
10,758
1,705

9,302
114
11,803
2,039

10,680
165
12,306
2,252

11,022
185
12,077
2,251

5,830
26
6,902
1,235

7,405
372
11,659
2,133

2,703
637

13.004
41.004
206,295

184
767
2,953

967
3,974
17,204

1,456
5,687
26,694

1,701
6,547
31,506

2,048
6,536
33,987

2,122
6,470
34,127

1,421
3,656
19,070

2,369
5,920
29,858

736
1,447
10,896

N et c u r r e n t o p e r a tin g e a r n in g s ............................

80,493

994

6,767

11,039

12,953

13,277

13,200

7,738

10,932

3,593

35,764
1,516

106
18

1,690
104

3,669
209

5,555
177

6,549
241

7,445
211

3,843
131

5,504
302

1,403
123

15,514

188

1,144

1,500

1,595

1,865

2,272

1,942

2,503

2,505

14,309

50

470

871

1,550

2,130

2,424

1,774

2,235

2,805

5,373

P rofits o n assets so ld o r e xch a n g ed , recoveries
a n d re d u c tio n s in v a lu a tio n a llo w a n c e s :
Profits on securities sold or exchanged.................
Profits on other assets sold or exchanged.............
Recoveries and reductions in valuation allow­
ances on loans.........................................................
Recoveries and reductions in valuation allow­
ances on securities..................................................
All other recoveries and reductions in valuation
allowances................................................................
T o ta l p rofits o n assets sold , recoveries,
e tc.

6,438

54

460

544

800

1,247

1,003

650

1,528

152

73,541

416

3,868

6,793

9,677

12,032

13,355

8,340

12,072

6,988

N et e a rn in g s, p rofits a n d recoveries o n assets,
e t c ...................................................................................

154,034

1,410

10,635

17,832

22,630

25,309

26,555

16,078

23,004

10,581

41,300
22,188

649
66

3,347
845

4,639
1,831

5,083
2,950

6,510
4,234

7,811
4,790

3,614
2,127

8,358
4,478

1,289
867

29,860
93,348

328
1,043

1,812
6,004

2,307
8,777

3,233
11,266

4,245
14,989

4,136
16,737

3,591
9,332

7,913
20,749

2,295
4,451

L osses, ch a r g e -o ffs, a n d a d d itio n s to v a lu a tio n
a llo w a n c e s :
On loans........................................................................
On securities................................................................
All other losses, charge-offs, and additions to
valuation allowances..............................................
T o t a l losses, ch a r g e -o ffs, e t c ......................




CORPORATION

60,486
1,016
77,101
13,684

INSURANCE

C u rre n t o p e ra tin g exp en ses:
Interest on time and savings deposits...................
Interest and discount on borrowings.....................
Salaries, wages, and fees...........................................
Taxes (other than on in com e).................................
Other expenses of occupancy and maintenance
of banking quarters................................................
Other current operating expenses...........................
T o t a l c u r r e n t o p e ra tin g e x p e n se s...........

DEPOSIT

332

FEDERAL

C u rre n t o p e ra tin g e a r n in g s :
Interest and discount on loans..............................
Interest and dividends on securities......................
Commissions, fees, and collection, exchange and
service charges.........................................................
Other current operating earnings...........................
G ross c u r r e n t o p e ra tin g e a r n in g s ...........

$100,000
and
under

N et p rofits b e fo re in c o m e taxes a n d divid en d s
I n c o m e taxes, F ed era l a n d S t a t e .........................
N et p ro fits a fte r in c o m e ta x e s ...............................

60,686
2,416
58,270

367
35
332

4,631
267
4,364

9,055
427
8,628

11,364
457
10,907

10,320
396
9,924

9,818
299
9,519

6,746
213
6,533

2,255
322
1,933

6,130

C ash d ivid en d s d e cla re d a n d in te re s t p a id o n
c a p it a l:
Dividends declared and interest paid on preferred
capital........................................................................
Dividends declared on common capital...............
T o t a l ca sh d ivid en d s d ecla red a n d in terest
p a id o n c a p it a l.................................................

7,061
16,966

79
165

434
1,575

709
2,427

974
2,567

1,288
2,349

1,348
2,461

767
1,587

1,051
2,887

411
948

24,027

244

2,009

3,136

3,541

3,637

3,809

2,354

3,938

1,359

N e t p rofits a ft e r d iv id e n d s ......................................

34,243

88

2,355

5,492

7,366

6,287

5,710

4,179

-2,005

4,771

O th e r a d d it io n s t o c a p ita l a c c o u n t :
Preferred capital sold (par va lu e)..........................
Common capital sold (par va lu e)...........................
Premiums on new capital s o ld ................................
Deposits waived and subordinated........................
Assessments and other contributions....................
T o t a l o t h e r a d d itio n s t o c a p ita l a c c o u n t

3,297
2,181
2,398
109
2,445
10,430

53
18

346
174
34
5
387
946

438
252
70

564
496
154

3
48
122

258
288
11
101
434
1,092

188
453
169

600
200
410

850
300
1,550

188
948

420
1,634

360
1,170

576
1,786

32
2,732

57
8

821
61

1,589
353
7

2,538
151
11

2,440

2,531
1
11

1,367

2,263

6,130

O
F

1,222

1,453

933

337

563

3,171

4,153

3,373

2,880

1,930

2,263

2,000

N et c h a n g e in t o ta l ca p ita l a c c o u n t fo r p eriod

23,412

109

2,057

3,267

4,161

4,548

4,000

4,035

-1,536

2,771

Total capital account, December 31, 1935...................
Total capital account, December 31, 1 936...................

999,316
1,022,728

18,52k
18,633

87,983
90,01+0

122,778
126,01+5

11+6,71+2
150,903

167,221
171,769

172,1+13
176,1+13

92,921+
96,959

150,1+50
11+8,911+

1+0,281
1+3,052

ASSETS
Cash and due from b an ks........................................ 1,528,532
Securities....................................................................... 2,379,723
L oa n s............................................................................. 2,438,920
Miscellaneous assets...................................................
441,809
T o t a l a s s e t s ........................................................... 6.788.984

22,549
11,196
32,556
5,148
71,449

148,259
123,443
197,825
26,599
496.126

234,756
254,191
321,580
45,686
856.213

252,930
345,019
376,467
53,100
1.027.516

265,260
406,981
414,782
66,460
1.153.483

238,545
438,430
415,418
76,087
1.168.480

116,909
222,059
230,315
54,530
623,813

196,784
392,432
298,636
92,912
980.764

52,540
185,972
151,341
21,287
411.140

L IA B IL IT IE S A N D C A P IT A L
Dem and deposits........................................................
Time deposits..............................................................
T o t a l d e p o s it s .......................................................
Miscellaneous liabilities.............................................
Total capital accou nt...............................................
T o t a l lia b ilitie s a n d c a p ita l a c c o u n t ........

37,768
14,709
52,477
451
18,521
71,449

257,090
146,231
403,321
2,742
90,063
496.126

415,505
307,396
722,901
5,901
127,411
856.213

446,451
421,941
868,392
9,311
149,813
1.027.516

468,237
504,108
972,345
9,556
171,582
1.153.483

429.971
546,001
975.972
16,182
176,326
1.168.480

231,753
289,352
521,105
7,271
95,437
623,813

422,457
387,834
810,291
17,672
152,801
980.764

84,057
282,771
366,828
2,680
41,632
411.140

M o n th ly average o f assets a n d lia b ilit ie s :1

2,793,289
2,900,343
5,693,632
71,766
1,023,586
6.788.984

1
Asset and liability items are averages of end-of-month figures.
N O T E : Minus ( - ) indicates deficit, deduction from profits, or net decrease in total capital account.




BANKS

508
1,390

COMMERCIAL

36
101

2,000

INSURED

5,052
21,261

15,606
574
29

EARNINGS

O th e r d e d u c t io n s fr o m c a p ita l a c c o u n t :
Preferred capital retired (par va lu e).....................
Common capital retired (par va lu e).....................
Premiums on preferred capital retired..................
Paym ents to depositors on waived or sub­
ordinated claim s.....................................................
T o t a l o t h e r d e d u c tio n s fr o m ca p ita l
a c c o u n t ...............................................................

Ta b le 132.

AVERAGES P E R B A N K OF EARNINGS, E X PEN SES, AND DISPO SITIO N OF P R O FITS OF IN S U R E D COMMERCIAL BA NKS N O T
M e m b e r s o f t h e F e d e r a l R e s e r v e S y s t e m , C a l e n d a r Y e a r 1936
BAN KS OPERATING THROUGHOUT ENTIRE YEAR GROUPED B Y AMOUNT OF DEPOSITS
Banks with monthly average deposits of— 1
All
banks

Number of ban ks...............................................

$100,000
to
$250,000

$250,000
to
$500,000

7,460

741

2,327

1,998

1,238

701

332

76

43

4

$19,492
11,316

$3,561
533

$6,282
1,970

$10,838
4,707

$19,508
10,323

$34,826
21,243

$70,060
46,545

$168,803
103,895

$346,047
307,326

$1,742,000
1,450,250

4,457
3,178
38,443

982
250
5,326

1,617
432
10,301

2,496
844
18,885

4,131
1,950
35,912

6,976
4,379
67,424

14,578
11,368
142,551

33,605
46,434
352,737

133,116
162,116
948,605

162,750
267,250
3,622,250

497
19
1,873
313

$1,502
27
3,225
516

$3,509
39
5,384
853

$7,514
92
9,534
1,647

$15,235
235
17,555
3,213

$33,199
557
36,377
6,780

$76,711
342
90,816
16,250

$172,209
8,651
271,140
49,605

$1,343,250

$500,000 $1,000,000 $2,000,000
to
to
to
$1,000,000 $2,000,000 $5,000,000

$5,000,000 $10,000,000
Over
to
to
$50,000,000
$10,000,000 $50,000,000
(2
>

415
1,708
7,393

729
2,846
13,360

1,374
5,288
25,449

2,922
9,324
48,484

6,391
19,488
102,792

18,697
48,105
250,921

55,093
137,674
694,372

184,000
361,750
2,724,000

N et c u r r e n t o p e ra tin g e a r n in g s ............................

$10,790

$1,341

$2,908

$5,525

$10,463

$18,940

$39,759

$101,816

$254,233

$898,250

$

$

$1,836
105

$4,487
143

$9,342
344

$22,425
636

$50,566
1,724

$128,000
7,023

$350,750
30,750

P rofits o n a ssets s o ld o r e x ch a n g ed , recoveries
a n d r e d u c tio n s in v a lu a tio n a llo w a n ce s :
Profits on securities sold or exchanged...................
Profits on other assets sold or exchanged.............
Recoveries and reductions in valuation allowances
on loans.....................................................................
Recoveries and reductions in valuation allowances
on securities..............................................................
All other recoveries and reductions in valuation
allowances................................................................
T o ta l p ro fits o n a ssets sold , recoveries,
e t c ......................................................................
N et ea rn in g s, p rofits a n d recoveries o n assets,
e t c ...................................................................................
L osses, ch a r g e -o ffs, a n d a d d itio n s to v a lu a tio n
a llo w a n c e s :
On loans........................................................................
On securities................................................................
Ail other losses, charge-offs, and additions to
valuation allowances..............................................
T o ta l losses, ch a r g e -o ffs, e t c ......................




$4,794
203

143
24

726
45

675,750
159,250

2,080

254

492

751

1,288

2,660

6,843

25,553

58,209

626,250

1,918

68

202

436

1,252

3,039

7,301

23,342

51,977

701,250

863

73

197

272

646

1,779

3,021

8,552

35,535

38,000

9,858

562

1,662

3,400

7,816

17,164

40,226

109,737

280,744

1,747,000

$20,648

$1,903

$4,570

$8,925

$18,279

$36,104

$79,985

$211,553

$534,977

$2,645,250

$

876
89

$1,438
363

$2,322
916

$4,106
2,383

$9,287
6,040

$23,527
14,428

$47,553
27,987

$194,372
104,140

$322,250
216,750

443
1,408

779
2,580

1,155
4,393

2,611
9,100

6,055
21,382

12,458
50,413

47,250
122,790

184,023
482,535

573,750
1,112,750

$5,536
2,974
4,003
12,513

CORPORATION

248
1,035
3,985

$

INSURANCE

1,743
5,497
27,653

$8,108
136
10,335
1,834

DEPOSIT

C u rre n t o p e ra tin g exp en ses:
Interest on time and savings deposits...................
Interest and discount on borrowings.....................
Salaries, wages, and fees...........................................
Taxes (other than on in com e).................................
Other expenses of occupancy and maintenance of
banking quarters.....................................................
Other current operating expenses...........................
T o ta l cu r r e n t o p e r a tin g e x p e n se s ...........

FEDERAL

C u rre n t o p e ra tin g e a r n in g s :
Interest and discount on loans................................
Interest and dividends on securities......................
Commissions, fees, and collection, exchange and
service charges.......................................................
Other current operating earnings...........................
G ross c u r r e n t o p e ra tin g e a r n in g s ...........

$100,000
and
under

495
47
448

$1,990
115
1,875

$4,532
214
4,318

$9,179
369
8,810

107
222

$

$

$

$14,722
565
14,157

$29,572
900
28,672

$88,763
2,803
85,960

$52,442
7,488
44,954

$1,532,500

$1,837
3,351

$4,060
7,413

$10,092
20,881

$24,442
67,140

$102,750
237,000

Net profits before income taxes and dividends
Income taxes, Federal and State.......................
Net profits after income taxes............................

$8,135
324
7,811

$

Gash dividends declared and interest paid on
capital:
Dividends declared and interest paid on preferred
capital.......................................................................
Dividends declared on common capital.................
Total cash dividends declared and in­
terest paid on cap ital..............................

$

$

329

863

1,569

2,860

5,188

11,473

30,973

91,582

339,750

Net profits after dividends......................................

$4,590

$

119

$1,012

$2,749

$5,950

$8,969

$17,199

$54,987

$— 46,628

$1,192,750

$

442
292
321
15
328
1,398

$

71
24

$

110
124
5
43
187
469

$

173
87
17
2
194
473

$

$

$

566
1,365
509

$7,895
2,631
5,395

$19,767
6,977
36,047

152
766

599
2,331

1,084
3,524

7,579
23,500

744
63,535

$2,092
77
4

$

353
26

$

795
177
4

$2,050
122
9

$3,481

$7,624
3
33

$17,987

$52,628

$500,000

52,628

500,000

77
10

$

787
2,073

354
204
56

804
708
220

49

218

611

1,174

1,331

1,015

7,408

136

597

1,587

3,355

4,812

8,675

25,395

$1,635

$3,361

$6,488

$12,048

$53,092

$-35,721

$692,750

2k,999
25,11+6

37,810
38,691+

61,1+50
63,085

118,532
121,893

238,51+6
21+5,031).

519,316
531,361+

1,222,681+
1,275,776

3,1+98,837
3,1+63,116

10,070,250
10,763,000

ASSETS
Cash and due from ban ks..................................
Securities................................................................
L oans.......................................................................
Miscellaneous assets.............................................
Total assets.................................................

$204,897
318,998
326,933
59,223
910,051

$ 30,431
15,109
43,935
6,947
96,422

$ 63,713
53,048
85,013
11,430
213,204

$117,495
127,223
160,951
22,866
428,535

$204,305
278,691
304,093
42,892
829,981

$378,402
580,572
591,700
94,808
1,645,482

$718,509
1,320,572
1,251,259
229,178
3,519,518

$1,538,276
2,921,829
3,030,461
717,500
8,208,066

$4,576,372
9,126,326
6,945,023
2,160,744
22,808,465

$13,135,000
46.493.000
37,835,250
5,321,750
102.785.000

LIA B IL IT IE S A N D C A P IT A L
Demand deposits.............................................
Tim e deposits....................................................
Total deposits........................................
Miscellaneous liabilities..................................
T otal capital account......................... ............
Total liabilities and capital.............

$374,435
388,786
763,221
9,620
137,210
910,051

$ 50,969
19,850
70,819
608
24,995
96,422

$110,481
62,841
173,322
1,178
38,704
213,204

$207,960
153,852
361,812
2,954
63,769
428,535

$360,623
340,825
701,448
7,521
121,012
829,981

$667,956
719,127
1,387,083
13,632
244,767
1,645,482

$1,295,093
1,644,582
2,939,675
48,741
531,102
3,519,518

$3,049,382
3,807,263
6,856,645
95,671
1,255,750
8,208,066

$9,824,581 $21,014,250
9,019,395 70,692,750
18,843,976 91.707.000
410,977
670,000
3,553,512 10.408.000
22,808,465 102.785.000

$3,138

$

147

$

M onth ly average of assets and liabilities:1

1
Asset and liability items are averages of end-of-month figures.
J
Because of the small number of banks, the figures for this group are not necessarily typical of banks with deposits of over $50,000,000.
N O T E : Minus (-) indicates deficit, deduction from profits, or net decrease in total capital account.




BANKS

884

133,957
137,095

Total capital account, December 31 , 1935............
Total capital account, December 31, 1936............

COMMERCIAL

677
2,850

INSURED

Net change in total capital account for
period.............................................................

A
65
164

355
1,214

O
F

Other deductions from capital account:
Preferred capital retired (par va lu e). . . . . .
Comm on capital retired (par va lu e)...........
Premiums on preferred capital retired.........
Paym ents to depositors on waived or subor­
dinated claim s.........................................................
Total other deductions from capital
a c c o u n t................................................

3,221

186
677

EARNINGS

Other additions to capital account:
Preferred capital sold (par v a lu e )...............
Comm on capital sold (par v a lu e)................
Premiums on new capital so ld .............
Deposits waived and subordinated..............
Assessments and other contributions..........
Total other additions to capital account

947
2,274

1,532,500

T able 133.

EARNINGS, EXPENSES, AND DISPOSITION OF PROFITS, RATIOS, OF INSURED COMMERCIAL BANKS NOT MEMBERS OF
the

F ed e r a l R e s e r v e S y ste m ,-C a le n d a r Y e a r 1936

BAN KS OPERATING THROUGHOUT ENTIRE YEAR GROUPED BY AMOUNT OF DEPOSITS
Banks with monthly average deposits of— 1
All
banks

A m o u n ts p e r $100 o f to ta l a sse ts1
C u r r e n t o p e ra tin g e a rn in g s:
Interest and discount on loans................................
Interest and dividends on securities......................
Commissions, fees, and collection, exchange and
service charges.................... ....................................
Other current operating earnings...........................
G ross c u r r e n t o p e ra tin g e a r n in g s ...............
C u r r e n t o p e ra tin g exp en ses:
Interest on time and savings deposits...................
Interest and discount on borrow ings.....................
Salaries, wages, and fees...........................................
Taxes (other than on in com e).................................
Other expenses of occupancy and maintenance
of banking quarters...............................................
Other current operating expenses...........................
T o ta l c u r r e n t o p e ra tin g e x p e n se s ...............
N e t c u r r e n t o p e r a tin g e a r n in g s ............................




741

2,327

1,998

1,238

701

332

76

43

4

$50.70
29.44

$66.86
10.01

$60.98
19.12

$57.39
24.92

$54.32
28.75

$51.65
31.51

$49.15
32.65

$47.86
29.45

$36.48
32.40

$48.09
40.04

11.59
8.27
100.00

18.44
4.69
100.00

15.70
4.20
100.00

13.22
4.47
100.00

11.50
5.43
100.00

10.35
6.49
100.00

10.23
7.97
100.00

9.53
13.16
100.00

14.03
17.09
100.00

4.49
7.38
100.00

$21.09
.35
26.89
4.77

$ 9.32
.36
35.17
5.88

$14.58
.26
31.31
5.01

$18.58
.20
28.51
4.52

$20.92
.26
26.55
4.59

$22.60
.35
26.04
4.76

$23.29
.39
25.52
4.76

$21.75
.10
25.75
4.60

$18.15
.91
28.58
5.23

$37.08

4.53
14.30
71.93

4.66
19.43
74.82

4.03
16.58
71.77

3.86
15.07
70.74

3.82
14.73
70.87

4.33
13.83
71.91

4.48
13.67
72.11

5.30
13.64
71.14

5.81
14.52
73.20

5.08
9.99
75.20

$28.07

$25.18

$28.23

$29.26

$29.13

$28.09

$27.89

$28.86

$26.80

$24.80

$ 2.14
1.24

$ 3.69
.55

$ 2.95
.92

$ 2.53
1.10

$ 2.35
1.24

$ 2.12
1.29

$ 1.99
1.32

$ 2.06
1.27

$ 1.52
1.35

$ 1.69
1.41

.49
.35
4.22

1.02
.26
5.52

.76
.20
4.83

.58
.20
4.41

.50
.24
4.33

.42
.27
4.10

.42
.32
4.05

.41
.56
4.30

.58
.71
4.16

.16
.26
3.52

$ 0.89
.02
1.14
.20

$ 0.52
.02
1.94
.32

$ 0.71
.01
1.51
.24

$ 0.82
.01
1.26
.20

$ 0.91
.01
1.15
.20

$ 0.93
.01
1.07
.19

$0.94
.02
1.04
.19

$ 0.93

$ 0.76
.04
1.19
.22

$ 1.31

1.11
.20

.19
.60
3.04

.26
1.07
4.13

.20
.80
3.47

.17
.66
3.12

.16
.64
3.07

.18
.57
2.95

.18
.55
2.92

.23
.59
3.06

.24
.60
3.05

.18
.35
2.65

$ 1.18

$ 1.39

$ 1.36

$ 1.29

$ 1.26

$ 1.15

$ 1.13

$ 1.24

$ 1.11

18.65
4.40

.66
.15

$

.87

CORPORATION

N et c u r r e n t o p e ra tin g e a r n in g s ............................

7,460

$5,000,000 $10,000,000
Over
to
to
$50,000,000
$10,000,000 $50,000,000
(2
)

INSURANCE

C u rre n t o p e ra tin g exp en ses:
Interest on time and savings deposits...................
Interest and discount on borrowings.....................
Salaries, wages, and fees...........................................
Taxes (other than on in com e).................................
Other expenses of occupancy and maintenance
of banking quarters...............................................
Other current operating expenses...........................
T o ta l c u r r e n t o p e ra tin g e x p e n se s ...............

$250,000
to
$500,000

DEPOSIT

A m o u n ts p er $100 o f gross ea rn in g s
C u rre n t o p e r a tin g e a rn in g s:
Interest and discount on loans................................
Interest and dividends on securities......................
Commissions, fees, and collection, exchange and
service charges.........................................................
Other current operating earnings............................
G ross c u r r e n t o p e ra tin g e a r n in g s ...............

$100,000
to
$250,000

FEDERAL

Number of banks...............................................

$500,000
$1,000,000 $2,000,000
to
to
to
$1,000,000 $2,000,000 $5,000,000

$100,000
and
under

Recoveries, profits on securities, e tc.. . .................
Losses and depreciation on assets..............................
N et p ro fits b e fo re in c o m e taxes a n d d ivid en d s
Incom e taxes, Federal and S ta te................................
N et p ro fits a fte r in c o m e ta x e s ...............................
Cash dividends declared...............................................
N et p ro fits a fte r d iv id e n d s ......................................
Other additions to total capital a ccou nt...................
Other deductions from total capital a ccou n t..........
N et c h a n g e in t o ta l c a p ita l a c c o u n t ...................
Total, capital account, December 31, 1935...................
Total capital account, December 31, 1936..................

$ 1.08
1.37
.89
.03
.86
.35
.51
.15
.31
.35
1U.72
15.07

$ 0.58
1.46
.51
.05
.46
.34
.12
.17
.14
.15
25.93
26.08

$ 0.78
1.21
.93
.05
.88
.40
.48
.22
.28
.42
17.73
18.15

$ 0.79
1.02
1.06
.05
1.01
.37
.64
.11
.37
.38
Ik.3 k
1U-72

$ 0.94
1.10
1.10
.04
1.06
.34
.72
.09
.40
.41
I k -28
lk-69

$ 1.04
1.30
.89
.03
.86
.32
.54
.14
.29
.39
Ik -50
lk-89

$ 1.14
1.43
.84
.03
.81
.32
.49
.10
.25
.34
lk-76
15.10

$ 1.34
1.50
1.08
.03
1.05
.38
.67
.29
.31
.65
lk-89
15.5k

$ 1.23
2.11
.23
.03
.20
.40
-.2 0
.28
.23
-.1 5
15.3k
15.19

$ 1.70
1.08
1.49

A m o u n t s p er $100 o f t o t a l c a p ita l a c c o u n t 1
N et cu r r e n t o p e r a tin g e a r n in g s ............................
Recoveries, profits on securities, etc..........................
Losses and depreciation on assets..............................
N et p ro fits b e fo re in c o m e taxes a n d d ivid en d s
Incom e taxes, Federal and S ta te................................
N et p ro fits a fte r in c o m e ta x e s ...............................
Cash dividends declared...............................................
N et p r o fits a fte r d iv id e n d s ......................................
Other additions to total capital account..................
Other deductions from total capital a ccou n t..........
N et c h a n g e in t o ta l c a p ita l a c c o u n t ...................

$ 7.86
7.19
9.12
5.93
.24
5.69
2.35
3.34
1.02
2.07
2.29

$ 5.36
2.25
5.63
1.98
.19
1.79
1.32
.47
.66
.54
.59

$ 7.51
4.29
6.66
5.14
.30
4.84
2.23
2.61
1.21
1.54
2.28

$ 8.67
5.33
6.89
7.11
.34
6.77
2.46
4.31
.74
2.49
2.56

$ 8.65
6.46
7.52
7.59
.31
7.28
2.36
4.92
.63
2.77
2.78

$ 7.74
7.01
8.74
6.01
.23
5.78
2.12
3.66
.95
1.96
2.65

$ 7.49
7.57
9.49
5.57
.17
5.40
2.16
3.24
.66
1.63
2.27

$ 8.11
8.74
9.78
7.07
.22
6.85
2.47
4.38
1.87
2.02
4.23

$ 7.16
7.90
13.58
1.48
.21
1.27
2.58
-1.31
1.79
1.48
-1.00

$ 8.63
16.78
10.69
14.72

$ 5.96

$ 8.11

$ 7.39

$ 6.73

$ 6.42

$ 5.89

$ 5.60

$ 5.57

$ 4.98

$ 4.60

3.55
1.50

3.53
.95

3.71
1.37

3.70
1.44

3.70
1.61

3.66
1.61

3.52
1.70

3.56
1.73

3.37
1.40

3.12
.75

2.09
1.69
.93

2.50
1.99
.59

2.39
1.69
.68

2.28
1.44
.72

2.20
1.35
.86

2.12
1.57
1.04

2.02
1.88
1.09

2.01
1.57
.96

1.91
2.80
1.14

1.90
.85
.47

ASSETS
Cash and due from banks........................................
Securities.......................................................................
Loans.............................................................................
Miscellaneous assets.................................................
T o ta l a ss e ts ...........................................................

$22.51
35.05
35.93
6.51
100.00

$31.56
15.67
45.57
7.20
100.00

$29.88
24.88
39.88
5.36
100.00

$27.42
29.69
37.56
5.33
100.00

$24.61
33.58
36.64
5.17
100.00

$23.00
35.28
35.96
5.76
100.00

$20.42
37.52
35.55
6.51
100.00

$18.74
35.60
36.92
8.74
100.00

$20.07
40.01
30.45
9.47
100.00

$12.78
45.23
36.81
5.18
100.00

LIA B IL IT IE S A N D C A P IT A L
Demand deposits........................................................
Time deposits..............................................................
T o ta l d e p o s its .......................................................
Miscellaneous liabilities............................................
Total capital accou nt................................................
T o ta l lia b ilitie s a n d c a p ita l a c c o u n t .........

$41.14
42.72
83.86
1.06
15.08
100.00

$52.86
20.59
73.45
.63
25.92
100.00

$51.82
29.48
81.30
.55
18.15
100.00

$48.53
35.90
84.43
.69
14.88
100.00

$43.45
41.06
84.51
.91
14.58
100.00

$40.59
43.70
84.29
.83
14.88
100.00

$36.80
46.73
83.53
1.38
15.09
100.00

$37.15
46.39
83.54
1.16
15.30
100.00

$43.08
39.54
82.62
1.80
15.58
100.00

$20.44
68.78
89.22
.65
10.13
100.00

.49
.67
9.80
10.k7




BANKS

^ s s e t and liability items are averages of end-of-month figures.
2
Because of the small number of banks, the figures for this group are not necessarily typical of banks with deposits of over $50,00 0,000.
N O T E : Minus (-) indicates deficit, deduction from profits, or net decrease in total capital account.

COMMERCIAL

M o n th ly average o f assets a n d lia b ilitie s per
$100 o f to ta l a ss e ts:1

INSURED

4.80
6.66

O
F

14.72
3.26
11.46

EAENINGS

S p e cia l r a tio s
Interest and discount on loans per $100 of total
loans1 .............................................................................
Interest and dividends on securities per $100 of
total securities1 ...........................................................
Profits on securities per $100 of total securities1 . .
Interest on time deposits per $100 of time deposits
of individuals, partnerships, and corporations1. .
Losses on loans per $100 of total loans1 .....................
Losses on securities per $100 of total securities1 . .

1.49
.33
1.16

T a b le 134.

EARNINGS, E X P E N S E S , AND DISPO SITION OF P R O FITS OF IN SU RED COMMERCIAL BA N KS N O T M E M BERS
o f t h e F e d e r a l R e s e r v e S y s t e m , C a l e n d a r Y e a r 1936

BANKS OPERATING THROUGHOUT ENTIRE YEAR GROUPED ACCORDING TO POPULATION OF CENTER IN WHICH LOCATED
Banks in centers with population (1930) of—
All
banks

Under
250

250
to
500

500
to
1,000

1,000
to
2,500

14,110
8,603

15,105
8,809

16,300
10,954

9,345
5,790

43,442
29,199

4,478
1,793
35,320

3,123
1,501
27,337

2,840
2,011
28,765

3,169
2,435
32,858

1,566
1,586
18,287

12,634
12,789
98,064

FEDERAL

5,011
52
6,884
1,123

7,085
60
9,486
1,770

5,815
53
7,173
1,226

6,277
68
7,386
1,439

7,521
53
8,201
1.489

4,169
40
4,548
893

20,346
645
27,292
4,841

DEPOSIT

490
2,314
10,888

851
3,655
17,576

1,203
5,150
24,754

1,014
3,872
19,153

1,151
3,915
20,236

1.490
4,466
23,220

772
2,586
13,008

5,830
14,113
73,067

1,637

4,351

7,312

10,566

8,184

8,529

9,638

5,279

24,997

35,764
1,516

525
16

1,393
49

2,526
106

3,773
220

3,598
136

3,447
210

4,544
112

2,759
59

13,199
608

15,514

243

607

1,142

1,407

919

1,340

1,461

1,117

7,278

14,309

109

438

788

1,243

917

1,058

1,694

994

7,068

6,438

56

235

394

657

501

557

825

295

2,918

73,541

949

2,722

4,956

7,300

6,071

6,612

8,636

5,224

31,071

154,034

2,586

7,073

12,268

17,866

14,255

15,141

18,274

10,503

56,068

41,300
22,188

758
256

1,965
714

3,103
1,397

4,560
2,509

3,297
2,069

4,097
2,206

4,466
2,653

2,656
1,871

16,398
8,513

29,860
93,348

395
1,409

1,008
3,687

1,722
6,222

2,587
9,656

1,796
7,162

2,244
8,547

2,918
10,037

1,911
6,438

15,279
40,190

145,412
84,419

3,934
1,272

9,534
3,482

14,258
6,645

19,384
9,665

33,251
23,706
286,788

643
181
6,030

1,758
465
15,239

3,040
945
24,888

60,486
1,016
77,101
13,684

1,259
10
1,758
230

3,003
35
4,373
673

Other current operating expenses...........................
T o t a l c u r r e n t o p e r a tin g e x p e n se s ...........

13.004
41.004
206,295

203
933
4,393

N e t c u r r e n t o p e r a tin g e a r n in g s ............................

80,493

All other losses, charge-offs, and additions to
T o ta l losses, ch a r g e -o ffs, e t c ......................




(In thousan(is of dollars)

CORPORATION

L osses, ch a r g e -o ffs, a n d a d d itio n s to v a lu a tio n
a llo w a n c e s :

709

INSURANCE

N et ea rn in gs, p rofits a n d recoveries o n assets,

50,000
and
over
454

1,633

P rofits o n assets so ld o r e xch a n g ed , recoveries
a n d r e d u c tio n s in v a lu a tio n a llo w a n ce s :
Profits on securities sold or exchanged...................
Profits on other assets sold or exchanged.............
Recoveries and reductions in valuation allowances
on loans.......................... ................ t........................
Recoveries and reductions in valuation allowances
on securities..............................................................
All other recoveries and reductions in valuation
allowances................................................................
T o ta l p ro fits o n assets s o ld , recoveries,

25.000
to
50.000
169

1,392

C u rre n t o p e r a tin g exp en ses:
Interest on time and savings deposits...................
Interest and discount on borrowings.....................
Salaries, wages, and fees...........................................
Taxes (other than on in com e).................................
Other expenses of occupancy and maintenance of

10,000
to
25,000
372

710

Interest and dividends on securities......................
Commissions, fees, and collection, exchange and
service charges.......................................................
Other current opesating earnings...........................
G ross c u r r e n t o p e ra tin g e a r n in g s ...........

5.000
to
10.000
488

1,533

7,460
C u rre n t o p e ra tin g ea rn in g s:

2,500
to
5,000

Net profits before income taxes and dividends
Income taxes, Federal and State...................
Net profits after income taxes........................

60,686
2,416
58,270

1,177
61
1,116

3,386
145
3,241

6,046
230
5,816

8,210
368
7,842

7,093
230
6,863

6,594
274
6,320

8,237
225
8,012

4,065
107
3,958

15,878
776
15,102

331
830

475
1,501

831
2,222

656
1,671

735
1,850

811
1,626

624
829

2,493
6,122

420

1,161

1,976

3,053

2,327

2,585

2,437

1,453

8,615

34,243

696

2,080

3,840

4,789

4,536

3,735

5,575

2,505

6,487

Other additions to capital account:
Preferred capital sold (par v a lu e).....................
Comm on capital sold (par va lu e)......................
Premiums on new capital s o ld ............................
Deposits waived and subordinated...................
Assessments and other contributions................
Total other additions to capital account

3,297
2,181
2,398
109
2,445
1-0,430

79
25

277
90
18
4
252
641

454
257
89
99
313
1,212

384
180
27

263
343
179

75
63
19

75
5

4
41
149

169
17
10
2
177
375

1,596
1,131
2,051

316
907

229
1,014

354
511

76
156

687
5,465

15,606
574
29

44
8

411
13

1,150
42
5

2,087
227

1,477
59

1,446
50
14

1,524
50
10

652

6,815
125

5,052

124

440

921

1,081

367

354

286

974

505

21,261

176

864

2,118

3,395

1,903

1,864

1,870

1,626

7,445

Other deductions from capital account:
Preferred capital retired (par va lu e).....................
Comm on capital retired (par va lu e).....................
Premiums on preferred capital retired...................
Paym ents to depositors on waived or subor­
dinated claim s.........................................................
Total other deductions from capital
a c c o u n t......................................................
Net change in total capital account for
period.......................................................................
Total capital account, December 31, 1935..........
Total capital account, December 31, 1936..........

669

1,591

2,363

2,606

3,540

2,885

4,216

1,035

4,507

21,971
22,640

54,577
56,168

82,258
84,621

115,302
117,908

89,559
93,099

100,670
103,555

113,347
117,563

68,074
69,109

353,558
358,065

1,528,532
2,379,723
2,438,920
441,809
6,788,984

35,891
34,850
58,938
5,568
135,247

90,444
94,159
139,194
13,410
337,207

150,722
174,853
212,042
32,475
570,092

221,324
261,106
294,112
40,056
816,598

163,299
229,693
227,909
35,875
656,776

163,091
241,935
250,980
41,393
697,399

174,580
303,375
236,314
53,011
817,280

101,051
166,645
159,983
30,204
457,883

428,130
873,107
809,448
189,817
2,300,502

2,793,289
2,900,343
5,693,632
71,766
1,023,586
6,788,984

59,067
53,695
112,762
450
22,035
135,247

152,312
127,754
280,066
1,305
55,836
337,207

264,383
217,529
481,912
2,544
85,636
570,092

386,235
308,154
694,389
4,044
118,165
816,598

301,711
256,772
558,483
5,977
92,316
656,776

297,766
292,081
589,847
4,093
103,459
697,399

334,880
360,606
695,486
5,262
116,532
817,280

174,290
211,788
386,078
2,601
69,204
457,883

822,645
1,071,964
1,894,609
45,490
360,403
2,300,502

M onthly average of assets and liabilities^
ASSETS
Cash and due from ban ks................................
Securities..............................................................
L oans.....................................................................
Miscellaneous assets..........................................
T otal assets...............................................
LIA B IL IT IE S A N D C A P IT A L
Demand deposits....................................................
Time deposits..........................................................
Total deposits..............................................
Miscellaneous liabilities........................................
Total capital account............................................
_____ Total liabilities and capital ac c o u n t.

1
Asset and liability items are averages of end-of-month figures.




BANKS

23,412
999,316
1,022,728

COMMERCIAL

24,027

Net profits after dividends..................................

INSURED

105
315

O
F

7,061
16,966

EARNINGS

Cash dividends declared and interest paid on
capital:
Dividends declared and interest paid on preferred
capital...................................................................
Dividends declared on common cap ital............
Total cash dividends declared and in­
terest paid on cap ital.........................

-3

or

Ta b le 135.

EARNINGS, E X P E N S E S , AND DISPO SITION OF P R O FITS, RA TIO S, OF IN SU R ED COMMERCIAL BA N KS NOT
M e m b e r s o f t h e F e d e r a l R e s e r v e S y s t e m , C a l e n d a r Y e a r 1936

^

BANKS OPERATING THROUGHOUT ENTIRE YEAR GROUPED ACCORDING TO POPULATION OF CENTER IN WHICH LOCATED
Banks in centers with population (1930) of—
All
banks

A m o u n ts p er $100 o f to ta l a ssets1
C u rre n t o p e ra tin g e a rn in g s:
Interest and discount on loans................................
Interest and dividends on securities......................
Commissions, fees, and collection, exchange and
service charges.........................................................
Other current operating earnings............................
G ro ss cu r r e n t o p e ra tin g e a r n in g s ...............
C u rre n t o p e r a tin g exp en ses:
Interest on time and savings deposits...................
Interest and discount on borrowings.....................
Salaries, wages, and fees...........................................
Taxes (other than on in com e).................................
Other expenses of occupancy and maintenance
of banking quarters................................................
Other current operating expenses...........................
T o ta l c u r r e n t o p e ra tin g e x p e n se s ................
N et c u r r e n t o p e ra tin g e a r n in g s ............................




2,500
to
5,000

5.000
to
10.000

10,000
to
25,000

25.000
to
50.000

50,000
and
over

7,460

710

1,392

1,633

1,533

709

488

372

169

454

$50.70
29.44

$65.24
21.10

$62.56
22.85

$57.29
26.70

$54.88
27.36

$51.62
31.47

$52.51
30.63

$49.61
33.34

$51.10
31.66

$44.30
29.78

11.59
8.27
100.00

10.66
3.00
100.00

11.54
3.05
100.00

12.21
3.80
100.00

12.68
5.08
100.00

11.42
5.49
100.00

9.87
6.99
100.00

9.64
7.41
100.00

8.57
8.67
100.00

12.88
13.04
100.00

$21.09
.35
26.89
4.77

$20.88
.17
29.15
3.81

$19.71
.23
28.70
4.42

$20.13
.21
27.66
4.51

$20.06
.17
26.86
5.01

$21.27
.19
26.24
4.49

$21.82
.24
25.68
5.00

$22.89
.16
24.96
4.53

$22.80
.22
24.87
4.88

$20.75
.65
27.83
4.94

4.53
14.30
71.93

3.37
15.47
72.85

3.21
15.18
71.45

3.42
14.69
70.62

3.40
14.58
70.08

3.71
14.16
70.06

4.00
13.61
70.35

4.54
13.59
70.67

4.22
14.14
71.13

5.95
14.39
74.51

$28.07

$27.15

$28.55

$29.38

$29.92

$29.94

$29.65

$29.33

$28.87

$25.49

$ 2.14
1.24

$ 2.91
.94

$ 2.83
1.03

$ 2.50
1.17

$ 2.37
1.18

$ 2.15
1.31

$ 2.16
1.26

$ 1.99
1.34

$ 2.04
1.26

$ 1.89
1.27

.49
.35
4.22

.48
.13
4.46

.52
.14
4.52

.53
.17
4.37

.55
.22
4.32

.48
.23
4.17

.41
.29
4.12

.39
.30
4.02

.34
.35
3.99

.55
.55
4.26

$ 0.89
.02
1.14
.20

$ 0.93
.01
1.30
.17

$ 0.89
.01
1.30
.20

$ 0.88
.01
1.21
.20

$ 0.87
.01
1.16
.21

$ 0.89
.01
1.09
.19

$ 0.90
.01
1.06
.21

$ 0.92
.01
1.00
.18

$ 0.91
.01
.99
.20

$ 0.88
.03
1.19
.21

.19
.60
3.04

.15
.69
3.25

.14
.69
3.23

.15
.64
3.09

.15
.63
3.03

.15
.59
2.92

.16
.56
2.90

.18
.55
2.84

.17
.56
2.84

.25
.61
3.17

$ 1.18

$ 1.21

$ 1.29

$ 1.28

$ 1.29

$ 1.25

$ 1.22

$ 1.18

$ 1.15

$ 1.09

CORPORATION

N et c u r r e n t o p e r a tin g e a r n in g s ............................

1,000
to
2,500

INSURANCE

C u rre n t o p e ra tin g exp en ses:
Interest on time and savings deposits...................
Interest and discount on borrowings.....................
Salaries, wages, and fees...........................................
Taxes (other than on in com e).................................
Other expenses of occupancy and maintenance
of banking quarters................................................
Other current operating expenses...........................
T o t a l c u r r e n t o p e r a tin g e x p e n se s ................

500
to
1,000

DEPOSIT

A m o u n ts p er $100 o f gross ea rn in g s
C u r r e n t o p e ra tin g e a rn in g s:
Interest and discount on loans................................
Interest and dividends on securities......................
Commissions, fees, and collection, exchange and
service charges.........................................................
Other current operating earnings...........................
G ro ss c u r r e n t o p e r a t in g e a r n in g s ...............

250
to
500

FEDERAL

Number of banks................................................

Under
250

$ 0.92
1.09
1.08
.04
1.04
.35
.69
.14
.29
.54
13.61+
11+.18

$ 0.95
1.22
.95
.04
.91
.37
.54
.14
.27
.41
1+ ++
1 .1 1
11+.85

$ 1.06
1.23
1.01
.03
.98
.30
.68
.06
.23
.51
13.87
11+.38

$ 1.14
1.41
.88
.02
.86
.32
.54
.03
.35
.22
11+.87
15.09

$ 1.35
1.75
.69
.03
.66
.38
.28
.24
.33
.19
15.37
15.56

A m o u n t s p er $100 o f t o ta l c a p ita l a c c o u n t 1
N et c u r r e n t o p e ra tin g e a r n in g s ............................
Recoveries, profits on securities, e tc..........................
Losses and depreciation on assets..............................
N et p ro fits b e fo r e in c o m e taxes a n d d ivid en d s
Incom e taxes, Federal and S ta te................................
N et p rofits a fte r in c o m e ta x e s ...............................
Cash dividends declared...............................................
N et p rofits a fte r d iv id e n d s ......................................
Other additions to total capital account..................
Other deductions from total capital a ccou n t..........
N et c h a n g e in t o ta l c a p ita l a c c o u n t ..................

$ 7.86
7.19
9.12
5.93
.24
5.69
2.35
3.34
1.02
2.07
2.29

$ 7.42
4.31
6.39
5.34
.28
5.06
1.90
3.16
.68
.80
3.04

$ 7.79
4.87
6.60
6.06
.26
5.80
2.08
3.72
.67
1.54
2.85

$ 8.54
5.79
7.27
7.06
.27
6.79
2.31
4.48
.75
2.47
2.76

$ 8.94
6.18
8.17
6.95
.31
6.64
2.59
4.05
1.02
2.87
2.20

$ 8.86
6.58
7.76
7.68
.25
7.43
2.52
4.91
.98
2.06
3.83

$ 8.24
6.39
8.26
6.37
.26
6.11
2.50
3.61
.98
1.80
2.79

$ 8.27
7.41
8.61
7.07
.19
6.88
2.09
4.79
.44
1.61
3.62

$ 7.62
7.55
9.30
5.87
.15
5.72
2.10
3.62
.23
2.35
1.50

$ 6.94
8.62
11.15
4.41
.22
4.19
2.39
1.80
1.52
2.07
1.25

$ 5.96

$ 6.67

$ 6.85

$ 6.72

$ 6.59

$ 6.19

$ 6.02

$ 5.69

$ 5.84

$ 5.37

3.55
1.50

3.65
1.51

3.70
1.48

3.80
1.44

3.70
1.45

3.75
1.57

3.64
1.42

3.61
1.50

3.47
1.66

3.34
1.51

2.09
1.69
.93

2.34
1.29
.73

2.35
1.41
.76

2.30
1.46
.80

2.30
1.55
.96

2.26
1.45
.90

2.15
1.63
.91

2.09
1.56
.87

1.97
1.66
1.12

1.90
2.03
.98

M o n t h ly average o f assets a n d lia b ilities per
$100 o f to ta l a s s e ts :1
ASSETS
Cash and due from ban ks........................................
Securities......................................................................
L oans.............................................................................
Miscellaneous assets...................................................
T o ta l a ss e ts ............................................................

$22.51
35.05
35.93
6.51
100.00

$26.54
25.77
43.58
4.11
100.00

$26.82
27.92
41.28
3.98
100.00

$26.44
30.67
37.19
5.70
100.00

$27.10
31.97
36.02
4.91
100.00

$24.87
34.97
34.70
5.46
100.00

$23.38
34.69
35.99
5.94
100.00

$21.36
37.12
35.03
6.49
100.00

$22.07
36.39
34.94
6.60
100.00

$18.61
37.95
35.19
8.25
100.00

L IA B IL IT IE S A N D C A P IT A L
Demand deposits........................................................
Tim e deposits..............................................................
T o t a l d e p o s it s .......................................................
Miscellaneous liabilities............................................
Total capital account................................................
T o ta l lia b ilitie s a n d ca p ita l a c c o u n t ........

$41.14
42.72
83.86
1.06
15.08
100.00

$43.68
39.70
83.38
.33
16.29
100.00

$45.17
37.88
83.05
.39
16.56
100.00

$46.38
38.15
84.53
.45
15.02
100.00

$47.30
37.73
85.03
.50
14.47
100.00

$45.94
39.09
85.03
.91
14.06
100.00

$42.70
41.88
84.58
.59
14.83
100.00

$40.98
44.12
85.10
.64
14.26
100.00

$38.07
46.25
84.32
.57
15.11
100.00

$35.76
46.60
82,36
1.98
15.66
100.00

S p ecia l ra tio s
Interest and discount on loans per $100 of total
loans1 .............................................................................
Interest and dividends on securities per $100 of
total securities1 ...........................................................
Profits on securities per $100 of total securities1 . .
Interest on time deposits per $100 of time deposits
of individuals, partnerships, and corporations1 .
Losses on loans per $100 of total loans1 ....................
Losses on securities per $100 of total securities1 . .

1
Asset and liability items are averages of end-of-month figures.




177

$ 0.89
1.18
1.00
.04
.96
.37
.59
.15
.42
.32
11+.12
U -U

BANKS

$ 0.87
1.09
1.06
.04
1.02
.35
.67
.11
.37
.41
11+.1+3
11+.81+

COMMERCIAL

$ 0.81
1.09
1.01
.05
.96
.34
.62
.11
.26
.47
16.19
16.66

INSURED

$ 0.70
1.04
.87
.05
.82
.31
.51
.11
.13
.49
16.25
16.71+

O
F

$ 1.08
1.37
.89
.03
.86
.35
.51
.15
.31
.35
11+.72
15.07

EARNINGS

Recoveries, profits on securities, e t c ..........................
Losses and depreciation on assets..............................
N et p rofits b e fo r e i n c o m e taxes a n d d ivid en d s
Incom e taxes, Federal and S ta te................................
N et p rofits a fte r in c o m e ta x e s ...............................
Cash dividends declared...............................................
N et profits a fte r d iv id e n d s ......................................
Other additions to total capital account..................
Other deductions from total capital a ccou n t..........
N et c h a n g e in t o ta l c a p ita l a c c o u n t ...................
Total capital account, December 31, 1 93 5 ...................
Total capital account, December 31, 1 93 6...................

Ta b le 136.

EARNING S, E x p e n s e s , AND DISPOSITION OF P R O FITS OF IN SU R ED COMMERCIAL BA NKS NOT
M e m b e r s o f t h e F e d e r a l R e s e r v e S y s t e m , C a l e n d a r Y e a r 1936

BANKS OPERATING THROUGHOUT ENTIRE YEAR GROUPED ACCORDING TO NUMBER OF COMMERCIAL BANKING OFFICES IN CENTER
IN WHICH LOCATED
Banks in centers with—
All
banks

Number of banks...............................................

2
banking
offices

4,752

1,613

3
banking
offices
402

4
banking
offices
173

5
banking
offices
80

(In thoussmds of dolla,rs)
4,172
6,773
2,283
3,893

6
banking
offices

7
banking
offices

8
banking
offices

9 or more
banking
offices

66

27

25

322

2,649
1,908

1,593
795

1,848
683

35,839
24,955

145,412
84,419

45,789
22,406

32,087
18,996

14,662
8,500

33,251
23,706
286,788

10,877
3,599
82,671

6,191
3,950
61,224

2,497
2,120
27,779

1,205
903
12,774

620
540
7,615

665
745
5,967

264
206
2,858

517
232
3,280

10,415
11,411
82,620

13,080
90
16,112
2,975

6,523
44
6,943
1,352

2,872
44
3,343
674

2,101
14
1,756
399

1,232
160
1,559
321

713
1
804
132

576
9
946
161

17,341
474
22,905
4,035

13,004
41,004
206,295

2,917
12,383
57,896

2,459
8,508
43,224

1,193
3,739
19,794

537
1,770
9,240

276
1,017
5,563

274
890
4,436

157
391
2,198

164
566
2,422

5,027
11,740
61,522

N et cu rre n t o p e r a tin g e a r n in g s ............................

80,493

24,775

18,000

7,985

3,534

2,052

1,531

660

858

21,098

35,764
1,516

9,045
389

7,834
300

3,603
176

1,839
43

1,133
32

836
46

649
12

286
12

10,539
506

15,514

3,731

2,350

1,350

450

305

329

328

60

6,611

14,309

2,691

2,445

1,083

701

155

287

515

116

6,316

P rofits o n assets sold or ex ch a n g ed , recoveries
a n d re d u c tio n s in v a lu a tion a llo w a n ce s :
Profits on securities sold or exchanged...................
Profits on other assets sold or exchanged............
Recoveries and reductions in valuation allowances
on loans.....................................................................
Recoveries and reductions in valuation allowances
on securities....................................................... ..
All other recoveries and reductions in valuation
allowances................................................................
T o ta l p rofits o n assets sold , recoveries,

6,438

1,413

1,232

608

209

182

283

272

89

2,150

73,541

17,269

14,161

6,820

3,242

1,807

1,781

1,776

563

26,122

154,034

42,044

32,161

14,805

6,776

3,859

3,312

2,436

1,421

47,220

41,300
22,188

9,858
5,089

7,845
4,833

4,340
1,955

2,141
1,031

1,012
711

1,982
759

463
473

488
155

13,171
7,182

29,860
93,348

5,908
20,855

4,674
17,352

2,321
8,616

1,304
4,476

483
2,206

884
3,625

806
1,742

268
911

13,212
33,565

N et e a rn in g s, p rofits a n d recoveries o n assets,
Losses, ch a r g e -o ffs, a n d a d d itio n s to v a lu a tio n
a llo w a n ce s:
On loans........................................................................
All other losses, charge-offs, and additions to
valuation allowances..............................................




CORPORATION

16,048
180
22,733
3,635

INSURANCE

60,486
1,016
77,101
13,684

DEPOSIT

C u rre n t o p e ra tin g exp en ses:
Interest on time and savings deposits...................
Interest and discount on borrowings.....................
Salaries, wages, and fees...........................................
Taxes (other than on in com e).................................
Other expenses of occupancy and maintenance of
banking quarters....................................................
Other current operating expenses..........................
T o ta l c u r r e n t o p e ra tin g e x p e n s e s ...........

FEDERAL

C u rre n t o p e ra tin g e a rn in g s:
Interest and discount on loans................................
Interest and dividends on securities......................
Commissions, fees, and collection, exchange and
service charges.......................................................
Other current operating earnings...........................
G ross c u r r e n t o p e ra tin g e a r n in g s ...........

7,460

1
banking
office

Net profits before income taxes and dividends
Income taxes, Federal and State...................
Net profits after income taxes........................

60,686
2,416
58,270

21,189
879
20,310

14,809
484
14,325

6,189
168
6,021

2,300
100
2,200

1,653
47
1,606

-313
30
-343

694
14
680

510
36
474

13,655
658
12,997

7,061
16,966

1,861
4,778

1,481
3,432

699
1,572

401
702

189
425

226
343

142
138

35
176

2,027
5,400

2,271

1,103

614

569

280

211

7,427

9,412

3,750

1,097

992

-912

400

263

5,570

O th e r a d d itio n s t o c a p ita l a c c o u n t :
Preferred capital sold (par v a lu e ) .........................
Common capital sold (par va lu e)..........................
Premiums on new capital sold ................................
Deposits waived and subordinated........................
Assessments and other contributions....................
T o ta l o t h e r a d d itio n s to c a p ita l a c c o u n t

3,297
2,181
2,398
109
2,445
10,430

943
559
241
10
524
2,277

526
331
77
99
888
1,921

235
102
18

76
91

31
17

112
56

302
151

1,517
653
1,838

239
594

111
278

48

52
220

47
500

584
4,592

15,606
574
29

3,570
217
12

3,705
146
17

1,275
84

468

121

5,052

2,224

1,633

379

73

160

125

21,261

6,023

5,501

1,738

541

281

379

O th e r d e d u c tio n s fr o m c a p ita l a c c o u n t :
Preferred capital retired (par va lu e).....................
Common capital retired (par v a lu e).....................
Premiums on preferred capital retired...................
Paym ents to depositors on waived or subor­
dinated claim s.........................................................
T o ta l o th e r d e d u c tio n s f r o m ca p ita l
a c c o u n t ......................................................
N et c h a n g e in to ta l ca p ita l a c c o u n t fo r
p e r io d ..........................................................

127
127

45

6,295

45

6,753

458

9,925

5,832

2,606

834

759

-1,071

355

763

3,409

999,316
1,022,728

270,201
280,126

207,1*60
213,292

98,170
100,776

1*6,1*70
1*7,304.

30,939
31,698

31,156
30,085

10,920
11,275

10,61*2
11,1*05

293,358
296,767

M o n th ly average o f assets a n d lia b ilitie s :1
ASSETS
Cash and due from banks....................................
Securities..................................................................
L oans.........................................................................
Miscellaneous assets..............................................
T o ta l a s s e ts ...................................................

1,528,532
2,379,723
2,438,920
441,809
6,788,984

508,006
607,883
699,181
95,050
1,910,120

359,660
515,775
515,637
85,541
1,476,613

156,390
237,221
249,368
40,755
683,734

66,841
111,818
117,204
20,858
316,721

38,830
68,529
69,836
12,270
189,465

26,177
54,481
52,899
14,506
148,063

11,178
23,502
26,956
5,047
66,683

18,870
21,017
32,298
5,791
77,976

342,580
739,497
675,541
161,991
1,919,609

L IA B IL IT IE S A N D C A P IT A L
Demand deposits....................................................
Time deposits..........................................................
T o ta l d e p o s it s ..............................................
Miscellaneous liabilities........................................
Total capital accou nt............................................
T o t a l lia b ilitie s a n d ca p ita l a c c o u n t .

2,793,289
2,900,343
5,693,632
71,766
1,023,586
6,788,984

908,577
712,641
1,621,218
9,639
279,263
1,910,120

659,425
594,533
1,253,958
10,225
212,430
1,476,613

275,524
303,947
579,471
3,956
100,307
683,734

116,233
149,387
265,620
2,975
48,126
316,721

63,801
92,675
156,476
1,714
31,275
189,465

48,634
62,678
111,312
5,590
31,161
148,063

19,986
34,872
54.858
848
10,977
66,683

35,676
29,715
65,391
1,555
11,030
77,976

665,433
919,895
1,585,328
35,264
299,017
1,919,609

1
Asset and liability items are averages of end-of-month figures.
N O T E : M in u s(-) indicates deficit deduction from profits, or net decrease in total capital account




BANKS

23,412

Total capital account, December 31, 1935...............
Total capital account, December 31, 1936...............

COMMERCIAL

4,913

13,671

INSURED

6,639

34,243

O
F

24,027

N et p ro fits a fte r d iv id e n d s ......................................

EARNINGS

C a sh d ivid en d s d e cla re d a n d in te re s t p a id o n
c a p ita l:
Dividends declared and interest paid on preferred
capital.......................................................................
Dividends declared on common capital........
T o ta l c a s h d iv id en d s d e cla re d a n d in ­
terest p a id o n c a p i t a l ..............................

Table 137.

EARNINGS, EXPENSES, AND DISPOSITION OF PROFITS, RATIOS, OF INSURED COMMERCIAL BANKS NOT
M e m b e r s o f t h e F e d e r a l R e s e r v e S ystem , C a le n d a r Y e a r 1936

BANKS OPERATING THROUGHOUT E NTIRE YE A R GROUPED ACCORDING TO NUMBER OF COMMERCIAL BANKING OFFICES IN CENTER IN WHICH LOCATED

qq

Banks in centers with—
All
banks

A m o u n t s per $100 o f gross earn in gs
C u rren t o p era tin g e a rn in g s:

Other current operating earnings..............................
G ross cu rre n t op eratin g e a r n in g s .................

N e t c u rre n t o p e ra tin g e a r n in g s ...............................

C u rren t o p era tin g expenses:
Interest on time and savings deposits.....................
Interest and discount on borrowings.......................
Salaries wages and fees...............................................
Taxes (other than on incom e)....................................
Other expenses of occupancy and maintenance
of banking quarters ..................................................
Other current operating expenses..............................
T o ta l c u rre n t op eratin g e x p e n s e s.................
N et cu rre n t o p era tin g e a r n in g s ...............................




8
banking
offices

9 or more
banking
offices

7,460

4,752

1,613

402

173

80

66

27

25

322

$50.70
29.44

$55.39
27.10

$52.41
31.03

$52.78
30.60

$53.02
30.48

$54.79
29.98

$44.39
31.98

$55.74
27.81

$56.34
20.83

$43.38
30.20

11.59
8.27
100.00

13.16
4.35
100.00

10.11
6.45
100.00

8.99
7.63
100.00

9.43
7.07
100.00

8.14
7.09
100.00

11.14
12.49
100.00

9.24
7.21
100.00

15.76
7.07
100.00

12.61
13.81
100.00

$21.09
.35
26.89
4.77

$19.41
.22
27.50
4.39

$21.36
.15
26.31
4.86

$23.48
.16
24.99
4.87

$22.48
.34
26.17
5.28

$27.59
.18
23.06
5.24

$20.65
2.68
26.13
5.38

$24.95
.04
28.13
4.62

$17.56
.27
28.84
4.91

$20.99
.57
27.72
4.88

4.53
14.30
71.93

3.53
14.98
70.03

4.02
13.90
70.60

4.30
13.46
71.26

4.20
13.86
72.33

3.62
13.36
73.05

4.59
14.91
74.34

5.49
13.68
76.91

5.00
17.26
73.84

6.09
14.21
74.46

$28.07

$29.97

$29.40

$28.74

$27.67

$26.95

$25.66

$23.09

$26.16

$25.54

$ 2.14
1.24

$ 2.40
1.17

$ 2.17
1.29

$ 2.14
1.24

$ 2.14
1.23

$ 2.20
1.20

$ 1.79
1.29

$ 2.39
1.19

$ 2.37
.88

$ 1.87
1.30

.49
.35
4.22

.57
.19
4.33

.42
.27
4.15

.37
.31
4.06

.38
.28
4.03

.33
.29
4.02

.45
.50
4.03

.40
.31
4.29

.66
.30
4.21

.54
.59
4.30

$ 0.89
.02
1.14
.20

$ 0.84
.01
1.19
.19

$ 0.88
.01
1.09
.20

$ 0.95
.01
1.01
.20

$ 0.91
.01
1.06
.21

$ 1.11
.01
.93
.21

$ 0.83
.11
1.05
.22

$ 1.07
1.20
.20

$ 0.74
.01
1.21
.21

$ 0.90
.03
1.19
.21

.19
.60
3.04

.15
.65
3.03

.17
.58
2.93

.17
.55
2.89

.17
.56
2.92

.14
.54
2.94

.19
.60
3.00

.24
.59
3.30

.21
.73
3.11

.26
.61
3.20

$ 1.18

$ 1.30

$ 1.22

$ 1.17

$ 1.11

$ 1.08

$ 1.03

$ 0.99

$ 1.10

$ 1.10

CORPORATION

A m o u n t s per $100 o f to ta l a sse ts1
C u rren t o p era tin g e a rn in g s:
Interest and discount on loans...................................
Interest and dividends on securities........................
Commissions, fees, and collection, exchange and
service ch a rg e s............................................................
Other current operating earnings. ..........................
G ross cu rre n t op era tin g e a r n in g s .................

7
banking
offices

INSURANCE

C u rren t op eratin g exp enses:
Interest on time and savings deposits.....................
Interest and discount on borrowings.......................
Salaries wages, and fees.
........................................
Taxes (other than on incom e)....................................
Other expenses of occupancy and maintenance
of banking quarters....................................................
Other current operating expenses..............................
T o ta l c u rre n t op eratin g e x p e n se s.................

6
banking
offices

3
banking
offices

DEPOSIT

Interest and dividends on securities........................
Commissions, fees, and collection, exchange and

5
banking
offices

2
banking
offices

FEDERAL

Number of banks....................................................

4
banking
offices

1
banking
office

$ 0.96
1.18
1.00
.03
.97
.33
.64
.13
.37
.40
14-05
1445

$ 1.00
1.26
.91
.03
.88
.33
.55
.08
.25
.38
14.36
14.74

$ 1.02
1.41
.72
.03
.69
.35
.34
.09
.17
.26
14-67
14-93

$ 0.95
1.16
.87
.02
.85
.33
.52
.03
.15
.40
16.33
16.73

$ 1.20
2.44
-.2 1
.02
-.2 3
.38
-.6 1
.15
.26
-.7 2
21.04
20.32

A m o u n ts p er $100 o f t o ta l ca p ita l a c c o u n t 1
N et cu r r e n t o p e ra tin g e a r n in g s ............................
Recoveries, profits on securities, etc..........................
Losses and depreciation on assets..............................
N et p ro fits b e fo re in c o m e taxes a n d d ivid en d s
Incom e taxes, Federal and S ta te ................................
N et p rofits a fte r in c o m e ta x e s...............................
Cash dividends declared...............................................
N et p rofits a fte r d i v i d e n d s ..............................
Other additions to total capital a ccou n t...............
Other deductions from total capital accou n t........
N et c h a n g e in t o ta l c a p ita l a c c o u n t . ...............

7.86
7.19
9.12
5.93
.24
5.69
2.35
3.34
1.02
2.07
2.29

8.87
6.18
7.47
7.58
.31
7.27
2.38
4.89
.82
2.16
3.55

8.47
6.67
8.17
6.97
.23
6.74
2.31
4.43
.90
2.59
2.74

$ 7.96
6.80
8.59
6.17
.17
6.00
2.26
3.74
.59
1.73
2.60

7.34
6.74
9.30
4.78
.21
4.57
2.29
2.28
.57
1.12
1.73

6.55
5.78
7.05
5.28
.15
5.13
1.96
3.17
.15
.90
2.42

$ 4.91
5.72
11.63
-1 .0 0
.10
-1 .1 0
1.83
-2 .9 3
.70
1.21
-3 .4 4

$ 6.01
16.18
15.87
6.32
.13
6.19
2.55
3.64

.07
.53
16.38
16.91

.41
3.23

0.72
1.17
.65
.05
.60
.27
.33
.64
.97
13.65
14-62
7.78
5.10
8.26
4.62
.33
4.29
1.91
2.38
4.53
6.91

$ 1.36
1.75
.71
.03
.68
.39
.29
.24
.35
.18
15.28
15.46
$ 7.06
8.74
11.23
4.57
.22
4.35
2.49
1.86
1.54
2.26
1.14

6.22

5.78

5.97

$ 5.01

5.91

$ 5.72

5.31

3.69
1.49

3.68
1.52

3.58
1.52

3.48
1.64

3.33
1.65

3.50
1.53

3.38
2.76

3.25
1.36

3.37
1.43

2.09
1.69
.93

2.25
1.41
.84

2.20
1.52
.94

2.15
1.74
.82

1.92
1.83
.92

2.27
1.45
1.04

1.97
3.75
1.39

2.04
1.72
2.01

1.94
1.51
.74

1.89
1.95
.97

$22.51
35.05
35.93
6.51
100.00

$26.60
31.82
36.60
4.98
100.00

$24.36
34.93
34.92
5.79
100.00

$22.87
34.70
36.47
5.96
100.00

$21.10
35.30
37.01
6.59
1 0 0 .0 0

$20.49
36.17
36.86
6.48
100.00

$17.68
36.80
35.72
9.80
100.00

$16.76
35.24
40.43
7.57
100.00

$24.20
26.95
41.42
7.43
100.00

$17.85
38.52
35.19
8.44
100.00

$41.14
42.72
83.86
1.06
15.08
100.00

$47.57
37.31
84.88
.50
14.62
100.00

$44.66
40.26
84.92
.69
14.39
100.00

$40.30
44.45
84.75
.58
14.67
100.00

$36.70
47.16
83.86
.94
15.20
100.00

$33.67
48.92
82.59
.90
16.51
100.00

$32.85
42.33
75.18
3.78
21.04
100.00

$29.97
52.30
82.27
1.27
16.46
100.00

$45.75
38.11
83.86
1.99
14.15
100.00

$34.67
47.92
82.59
1.84
15.57
100.00

M o n th ly average o f a ssets a n d lia b ilitie s per
$100 o f t o t a l a s s e t s :1
ASSETS
Cash and due from b an ks.........................................
Securities.......................................................................
L oans..............................................................................
Miscellaneous assets..................................................
T o t a l a s s e ts ...........................................................
L IA B IL IT IE S A N D C A P IT A L
Demand deposits.............................................. .
Tim e deposits..........................................................
T o t a l d e p o s it s .......................................................
Miscellaneous liabilities........................................
Total capital a ccou nt.................................................
T o t a l lia b ilities a n d c a p ita l a c c o u n t ........

1
Asset and liability items are averages of end-of-month figures.
N O T E : Minus ( - ) indicates deficit, deduction from profits, or net decrease in total capital account.




BANKS

$ 6.55
3.55
1.50

COMMERCIAL

S p e c ia l r a tio s
Interest and discount on loans per $100 of total
loans1 .............................................................................
Interest and dividends on securities per $100 of
total securities1............................................................
Profits on securities per $100 of total securities1 ..
Interest on time deposits per $100 of time deposits
of individuals, partnerships, and corporations1..
Losses on loans per $100 of total loans1.....................
Losses on securities per $100 of total securities1 . .

2.66
2.61
1.04
.02
1.02
.42
.60

INSURED

$ 0.90
1.09
1.11
.05
1.06
.35
.71
.12
.31
.52
14.14
14-66

O
F

$ 1.08
1.37
.89
.03
.86
.35
.51
.15
.31
.35
14.72
15.07

EARNINGS

Recoveries, profits on securities, e t c .........................
Losses and depreciation on assets..............................
N e t p rofits b e fo r e in c o m e taxes a n d d ivid en d s
Incom e taxes, Federal and S ta te................................
N e t p rofits a fte r in c o m e ta x e s ................ .............
Cash dividends declared................................................
N e t p rofits a fte r d iv id e n d s ................................
Other additions to total capital account..................
Other deductions from total capital a ccou n t..........
N e t c h a n g e in t o ta l c a p ita l a c c o u n t ...................
Total capital account, December 31, 1935..................
Total capital account, December 31, 1936...................

00

T able 138.

EARNINGS, EXPENSES, AND DISPOSITION OF PROFITS OF INSURED COMMERCIAL BANKS NOT MEMBERS
o f t h e F e d e r a l R e s e r v e Sy s t e m , C a l e n d a r Y e a r 1936

BANKS OPERATING THROUGHOUT ENTIRE YEAR GROUPED ACCORDING TO RATE OF NET EARNINGS ON TOTAL ASSETS

All

Banks with n et current
operating de ficits per
$100 of total assets o f - 1
$0.51
and over

$0.50
or less

Banks with net current operating earnings per $100 of total assets of— 1
$0.51
to $1.00

$0.50
or less

$1.01
to $1.50

$1.51
to $2.00

$2.01
to $2.50

$2.51
to $3.00

$3.01
and over
210

23,357
13,479

12,763
4,687

4,896
1,789

4,924
537

8,422
5,646
71,395

9,253
6,042
95,359

5,448
2,356
44,640

3,013
1,726
22,189

1,817
1,080
9,582

1 448
382
7,291

6,756
494
11,564
1,974

16,626
113
20,418
3,837

22,959
152
23,029
4,219

8,065
72
10,707
1,811

3,362
54
5,306
827

866
7
2,504
412

715
29
1,884
263

277
715
3,673

2,115
6,167
29,070

3,953
10,854
55,801

3,585
12,176
66.120

1,562
5,659
27,876

741
2,970
13,260

353
1,187
5,329

363
1,043
4,297

-185

-196

3,101

15,594

29,239

16,764

8,929

4,253

2,994

35,764
1,516

190
8

610
22

5,408
221

11,473
420

10,952
527

4,647
193

1,785
74

490
17

209
34

54

200

1,870

3,158

6,153

1,886

1,365

320

508

4,876

1,970

439

196

95

620

82

103

893

145,412
84,419

316
185

1,594
1,178

13,815
8,920

34,562
22,765

33,251
23,706
286,788

97
86
684

443
262
3,477

3,310
6,126
32,171

128
45
336
72

1,009
50
1,353
269

13,004
41,004
206,295

55
233
869

N et c u r r e n t o p e r a tin g e a r n in g s ............................

80,493

P rofits o n assets so ld o r e xch a n g e d , recoveries
a n d re d u c tio n s in va lu a tion a llo w a n ce s:
Profits on securities sold or exchanged...................
Profits on other assets sold or exchanged.............
Recoveries and reductions in valuation allowances

2,146

D
(Ini thousands < f dollars)
C u rre n t o p e r a tin g e a rn in g s:
Interest and discount on loans................................
Interest and dividends on securities......................
Commissions, fees, and collection, exchange and
service charges.......................................................
Other current operating earnings...........................
G ross c u r r e n t o p e ra tin g e a r n in g s ...........
C u rre n t o p e r a tin g exp en ses:
Interest on time and savings deposits...................
Interest and discount on borrowings.....................
Salaries, wages, and fees...........................................
Taxes (other than on in com e).................................
Other expenses of occupancy and maintenance of
banking quarters.....................................................
Other current operating expenses...........................
T o t a l c u r r e n t o p e r a tin g e x p e n s e s . . . . .

|
60,486
1,016
77,101
13.684

|
l
i

Recoveries and reductions in valuation allowances
on securities..............................................................
All other recoveries and reductions in valuation
allowances................................................................
T o t a l p ro fits o n a ssets s o ld , recoveries,
e t c ......................................................................

6,438

208

97

1,862

1,021

1,643

802

73,541

464

1,077

12,622

19,392

24,151

9,498

4,283

1,105

949

N et e a rn in g s, p ro fits a n d recov eries o n assets,
e t c ..............................................................................

154,034

279

881

15,723

34,986

53,390

26,262

13,212

5,358

3,943

41,300
22,188

353
29

413
296

5,031
2,591

13.043
6,884

12,179
6,677

5,585
3,708

2,660
1,558

1,132
323

904
122

29,860
93,348

122
504

268
977

7,020
14,642

6,696
26,623

9,190
28,046

3,222
12,515

1,984
6,202

865
2,320

493
1,519

L osses, ch a r g e -o ffs , a n d a d d itio n s to v a lu a tio n
a llo w a n c e s :
All other losses, charge-offs, and additions to
valuation allowances....................................... .
T o ta l losses, c h a r g e -o lfs, e t c ......................




14,309

4

148

3,261

3,320

CORPORATION

49,185
30,879

166

INSURANCE

250

41

DEPOSIT

596

1,865

7,460

FEDERAL

1,293

15,514

Number of banks...............................................

-9 6
12
-1 08

1,081
104
977

8,363
355
8,008

25,344
617
24,727

13,747
450
13,297

7,010
327
6,683

3,038
303
2,735

2,424
246
2,178

C ash d ivid en d s d ecla red a n d in te re s t p a id o n
c a p it a l:
Dividends declared and interest paid on preferred
capital.......................................................................
Dividends declared on common capital.................
T o ta l ca s h d ivid en d s d ecla red a n d in ­
terest p a id o n c a p it a l.............................

7,061
16,966

13
11

80
97

579
1,071

2,234
3,065

2,556
5,899

1,026
3,206

392
1,731

103
1,136

78
750

24,027

24

177

1,650

5,299

8,455

4,232

2,123

1,239

828

N et p rofits a fte r d iv id e n d s ......................................

34,243

-251

-285

-673

2,709

16,272

9.065

4,560

1,496

1,350

O th e r a d d itio n s to c a p ita l a c c o u n t :
Preferred capital sold (par v a lu e ) .........................
Common capital sold (par va lu e)..........................
Premiums on new capital s o ld ................................
Deposits waived and subordinated........................
Assessments and other contributions....................
T o ta l o th e r a d d itio n s to c a p ita l a c c o u n t

3,297
2,181
2,398
109
2,445
10,430

188

56
36
8

544
873
337
4
554
2,312

669
239
371

37

243
343

1,403
348
1,545
99
351
3,746

149
283
74

71
259

399
163
58
3
368
991

192
698

513
1,792

18
55

40
51
5
3
135
234

141
22

1,659
108

4,833
58
18

5,165
97

1,604
74

1,643

145
25

416
190

N et

15,606
574
29

11

5,052

18

417

995

1,806

1,272

433

72

39

21,261

181

2,184

5,904

7,068

2,950

2,087

242

645

c h a n g e in t o t a l c a p ita l a c c o u n t fo r
p e r i o d .......................................................................

23,412

8

-123

-1,866

551

11,516

6,813

4,265

1,309

939

Total capital account, December 31, 1935..................
Total capital account, December 31, 1936..................

999,316
1,022,728

5,581,
5,592

17,088
16,965

136,697
13 U,831

270,k32
270,983

312,898
92k M U

11*5,565
152,378

58,006
62,271

3k,539
35,8k8

18,507
19,kk6

ASSETS
Cash and due from ban ks........................................ 1,528,532
Securities...................................................................... 2,379,723
L oans............................................................................. 2,438,920
Miscellaneous assets.................................................
441,809
T o ta l a s s e ts ........................................................ 6,788,984

5,276
5,474
6,508
2,238
19,496

31,160
36,729
30,033
7,879
105,801

225,040
281,278
271,190
86,840
864,348

453,854
662,265
636,145
134,932
1,887,196

463,600
871,838
840,645
129,923
2,306,006

213,077
343,268
361,050
46,667
964,062

83,331
119,035
177,820
19,201
399,387

36,694
47,591
65,518
9,537
159,340

16,500
12,245
50,011
4,592
83,348

L IA B IL IT IE S A N D C A P IT A L
Demand deposits........................................................
Time deposits.......................... ...................................
T o ta l d e p o s it s ..................................................
Miscellaneous liabilities............................................
Total capital account................................................
T o ta l lia b ilitie s a n d c a p ita l a c c o u n t . ..

6,988
5,916
12,904
1,125
5,467
19,496

39,359
48,159
87,518
1,499
16,784
105,801

380,135
326,715
706,850
19,250
138,248
864,348

806,629
793,971
1,600,600
12,723
273,873
1,887,196

843,837
1,125,310
1,969,147
15,234
321,625
2,306,006

439,392
367,309
806,701
6,243
151,118
964,062

167,769
161,575
329,344
8,039
62,004
399,387

81,142
38,878
120,020
3,845
35,475
159,340

28,038
32,510
60,548
3,808
18,992
83,348

COMMERCIAL

O th e r d e d u c tio n s fr o m ca p ita l a c c o u n t :
Preferred capital retired (par va lu e).....................
Common capital retired (par va lu e).....................
Premiums on preferred capital retired...................
Payments to depositors on waived or subor­
dinated claim s.........................................................
T o t a l o t h e r d e d u c t io n s f r o m ca p ita l
a c c o u n t ..........................................................

INSURED

-225
2
-227

O
F

60,686
2,416
58,270

EARNINGS

Net profits before income taxes and dividends
Income taxes, Federal and State.......................
Net profits after income taxes............................

M o n th ly average o f assets a n d lia b ilit ie s :1

1
Asset and liability items are averages of end-of-month figures.
N O T E : Minus (-) indicates deficit, deduction from profits, or net decrease in total capital account.




BANKS

2,793,289
2,900,343
5,693,632
71,766
1,023,586
6,788,984

T ab le 139.

EARNINGS, EXPENSES, AND DISPOSITION OF PROFITS, RATIOS, OF INSURED COMMERCIAL BANKS NOT
M e m b e r s o f t h e F e d e r a l R e s e r v e S ystem , C a le n d a r Y e a r 1936

BANKS OPERATING THROUGHOUT ENTIRE YEAR GROUPED ACCORDING TO RATE OF NET EARNINGS ON TOTAL ASSETS

All
banks

Banks with net current
operating deficits per
$100 of total assets o f - 1
$0.51
and over

Number of banks...............................................

C u rre n t o p e ra tin g exp en ses:
Interest on time and savings deposits...................
Interest and discount on borrowings.....................
Salaries, wages, and fees...........................................
Taxes (other than on in com e).................................
Other expenses of occupancy and maintenance
of banking quarters................................................
Other current operating expenses...........................
T o t a l c u r r e n t o p e ra tin g e x p e n s e s ................
N et c u r r e n t o p e ra tin g e a r n in g s ............................




$1.51
to $2.00

$2.01
to $2.50

$2.51
to $3.00

$3.01
and over

7,460

41

166

893

1,865

2,146

1,293

596

250

210

$50.70
29.44

$46.20
27.05

$45.84
33.88

$42.94
27.73

$48.41
31.89

$51.58
32.38

$52.32
30.19

$57.52
21.12

$51.10
18.67

$67.54
7.37

11.59
8.27
100.00

14.18
12.57
100.00

12.74
7.54
100.00

10.29
19.04
100.00

11.80
7.90
100.00

9.70
6.34
100.00

12.21
5.28
100.00

13.58
7.78
100.00

18.96
11.27
100.00

19.86
5.23
100.00

$21.09
.35
26.89
4.77

$18.71
6.58
49.12
10.53

$29.02
1.44
38.91
7.74

$21.00
1.54
35.95
6.14

$23.29
.16
28.60
5.37

$24.08
.16
24.15
4.42

$18.07
.16
23.99
4.06

$15.15
.24
23.91
3.73

$ 9.04
.07
26.13
4.30

$ 9.81
.40
25.84
3.61

4.53
14.30
71.93

8.04
34.07
127.05

7.97
20.56
105.64

6.57
19.16
90.36

5.54
15.20
78.16

3.76
12.77
69.34

3.50
12.67
62.45

3.34
13.39
59.76

3.68
12.39
55.61

4.98
14.30
58.94

$28.07

$-27.05

$-5.64

$ 9.64

$21.84

$30.66

$37.55

$40.24

$44.39

$41.06

$ 2.14
1.24

$ 1.62
.95

$ 1.51
1.11

$ 1.60
1.03

$ 1.83
1.20

$ 2.14
1.34

$ 2.42
1.40

$ 3.20
1.17

$ 3.07
1.12

$ 5.91
.64

.49
.35
4.22

.50
.44
3.51

.42
.25
3.29

.38
.71
3.72

.45
.30
3.78

.40
.26
4.14

.57
.24
4.63

.75
.43
5.55

1.14
.68
6.01

1.74
.46
8.75

$ 0.89
.02
1.14
.20

$ 0.66
.23
1.72
.37

$ 0.95
.05
1.28
.25

$ 0.78
.06
1.34
.23

$ 0.88
.01
1.08
.20

$ 1.00
.01
1.00
.18

$ 0.84
.01
1.11
.19

$ 0.84
.01
1.33
.21

$ 0.54
1.57
.26

$ 0.86
.03
2.26
.32

.19
.60
3.04

.28
1.20
4.46

.26
.68
3.47

.24
.71
3.36

.21
.58
2.96

.15
.53
2.87

.16
.58
2.89

.19
.73
3.31

.22
.75
3.34

.44
1.25
5.16

$ 1.18

$-0.95

$-0.18

$ 0.36

$ 0.82

$ 1.27

$ 1.74

$ 2.24

$ 2.67

$ 3.59

CORPORATION

A m o u n ts p er $100 o f to ta l a ssets1
C u rre n t o p e ra tin g e a rn in g s:
Interest and discount on loans................................
Interest and dividends on securities......................
Commissions, fees, and collection, exchange and
service charges.........................................................
Other current operating earnings...........................
G ross c u r r e n t o p e ra tin g e a r n in g s ...............

$1.01
to $1.50

INSURANCE

N et c u r r e n t o p e r a tin g e a r n in g s ............................

$0.51
to $1.00

DEPOSIT

C u rre n t o p e ra tin g exp en ses:
Interest on time and savings deposits...................
Interest and discount on borrowings.....................
Salaries, wages, and fees...........................................
Taxes (other than on in com e).................................
Other expenses of occupancy and maintenance
of banking quarters...............................................
Other current operating expenses...........................
T o ta l c u r r e n t o p e r a tin g e x p e n se s ...............

$0.50
or less

FEDERAL

A m o u n t s p er $100 o f g ross ea rn in g s
C u rre n t o p e ra tin g e a rn in g s:
Interest and discount on loans................................
Interest and dividends on securities......................
Commissions, fees, and collection, exchange and
service charges.........................................................
Other current operating earnings............................
G ross cu r r e n t o p e r a tin g e a r n in g s ...............

$0.50
or less

Banks with net current operating earnings per $100 of total assets of— 1

$ 1.03
1.41

$ 1.05
1.22

$ 0.99
1.30

$ 1.07
1.55

$ 0.70
1.46

$ 1.14
1.82

N et p rofits b e fo r e in c o m e taxes a n d d ivid en d s
Incom e taxes, Federal and S ta te................................
N et p rofits a fte r in c o m e ta x e s ...............................
Cash dividends declared...............................................
N et p rofits a fte r d iv id e n d s ......................................
Other additions to total capital account..................

.89
.03
.86
.35
.51
.15
.31
.35
1U.72
15.07

-1.15
.01
-1.16
.12
-1.28
1.33

-.0 9
.01
-.1 0
.17
-.2 7
.32
.17
-.1 2
16.15
16.03

.13
.02
.11
.19
-.0 8
.11
.25
-.2 2
15.82
15.60

.44
.02
.42
.28
.14
.20
.31
.03
l k .33
lk-36

1.10
.03
1.07
.36
.71
.10
.31
.50
13.57
1U-07

1.43
.05
1.38
.44
.94
.07
.30
.71
15.10
15.81

1.76
.08
1.68
.53
1.15
.44
.52
1.07
l k .52
15.59

1.91
.19
1.72
.78
.94
.03
.15
.82
21.68
22.50

2.91
.30
2.61
.99
1.62
.28
.77
1.13
22.20
23.33

$ 7.86
7.19
9.12
5.93
.24
5.69
2.35
3.34
1.02
2.07
2.29

$-3.39
8.49
9.22
-4.12
.03
-4.15
.44
-4.59
4.74
.15

$-1.17
6.42
5.82
-.5 7
.07
-.6 4
1.05
-1.69
2.04
1.08
-.7 3

$ 2.24
9.13
10.59
.78
.08
.70
1.19
-.4 9
.72
1.58
-1 .3 5

$ 5.69
7.08
9.72
3.05
.13
2.92
1.93
.99
1.37
2.16
.20

$ 9.09
7.50
8.72
7.87
.19
7.68
2.63
5.05
.72
2.19
3.58

$11.09
6.29
8.28
9.10
.30
8.80
2.80
6.00
.46
1.95
4.51

$14.40
6.91
10.00
11.31
.53
10.78
3.42
7.36
2.89
3.37
6.88

$11.98
3.12
6.54
8.56
.85
7.71
3.49
4.22
.16
.69
3.69

$15.76
5.00
8.00
12.76
1.29
11.47
4.36
7.11
1.23
3.40
4.94

$ 5.96

$ 4.86

$ 5.31

$ 5.09

$ 5.43

$ 5.85

$ 6.47

$ 7.18

$ 7.47

$ 9.85

3.55
1.50

3.38
3.47

3.21
1.66

3.17
1.92

3.44
1.73

3.54
1.26

3.93
1.35

3.94
1.50

3.76
1.03

4.39
1.71

2.09
1.69
.93

2.16
5.42
.53

2.10
1.38
.81

2.07
1.86
.92

2.09
2.05
1.04

2.04
1.45
.77

2.20
1.55
1.08

2.08
1.50
1.31

2.23
1.73
.68

2.20
1.81
1.00

Cash and due from banks........................................
Securities.......................................................................
L oans.............................................................................
Miscellaneous assets.................................................
T o ta l a ss e ts ...........................................................

$22.51
35.05
35.93
6.51
100.00

$27.06
28.08
33.38
11.48
100.00

$29.45
34.72
28.39
7.44
100.00

$26.04
32.54
31.38
10.04
100.00

$24.05
35.09
33.71
7.15
100.00

$20.10
37.81
36.45
5.64
100.00

$22.10
35.61
37.45
4.84
100.00

$20.86
29.81
44.52
4.81
100.00

$23.03
29.87
41.12
5.98
100.00

$19.80
14.69
60.00
5.51
100.00

L IA B IL IT IE S A N D C A P IT A L
Demand deposits........................................................
Time deposits..............................................................
T o ta l d e p o s its ..................... .................................
Miscellaneous liabilities.............................................
Total capital account.................................................
T o ta l lia b ilitie s a n d c a p ita l a c c o u n t ........

$41.14
42.72
83.86
1.06
15.08
100.00

$35.84
30.35
66.19
5.77
28.04
100.00

$37.20
45.52
82.72
1.42
15.86
100.00

$43.98
37.80
81.78
2.23
15.99
100.00

$42.74
42.07
84.81
.68
14.51
100.00

$36.59
48.80
85.39
.66
13.95
100.00

$45.58
38.10
83.68
.65
15.67
100.00

$42.00
40.46
82.46
2.01
15.53
100.00

$50.92
24.40
75.32
2.41
22.27
100.00

$33.64
39.01
72.65
4.57
22.78
100.00

N et ch a n g e in t o ta l c a p ita l a c c o u n t ..................
Total capital account, December 31, 193 5 ...................
Total capital account, December 31, 1 93 6 ...................
A m o u n ts p er $100 o f t o ta l c a p ita l a c c o u n t 1
N et cu r r e n t o p e ra tin g e a r n in g s ............................
Recoveries, profits on securities, e tc..........................
Losses and depreciation on assets..............................
N et p rofits b e fo re in c o m e taxes a n d d ivid end s
Incom e taxes, Federal and S ta te................................
N et p rofits a fte r in c o m e ta x e s ...............................
Cash dividends declared...............................................
N et p rofits a fte r d iv id e n d s ......................................
Other additions to total capital account..................
N et c h a n g e in t o ta l c a p ita l a c c o u n t ...................
S p ecia l ra tio s
Interest and discount on loans per $100 of total
loans1 ............................................................................
Interest and dividends on securities per $100 of
total securities1 ...........................................................
Profits on securities per $100 of total securities1 ..
Interest on time deposits per $100 of time deposits
of individuals, partnerships, and corporations1. .
Losses on loans per $100 of total loans1 ....................
Losses on securities per $100 of total securities1 ..

.05
28.64.
28.69

M o n th ly average o f assets a n d lia b ilities per
$100 o f to ta l a s s e ts :1
assets

1
Asset and liability items are averages of end-of-month figures.
N O T E : Minus (-) indicates deficit, deduction from profits, or net decrease in total capital account.




BANKS

$ 1.46
1.69

COMMERCIAL

$ 1.02
.93

INSURED

$ 2.39
2.59

O
P

$ 1.08
1.37

EARNINGS

Recoveries, profits on securities, e tc..........................
Losses and depreciation on assets..............................

T ab le 140.

NET CURRENT OPERATING EARNINGS OF INSURED COMMERCIAL BANKS NOT MEMBERS OF THE
F e d e r a l R e s e r v e S y s t e m , C a l e n d a r Y e a r 1936

NUMBER OF BANKS OPERATING THROUGHOUT ENTIRE YEAR GROUPED ACCORDING TO RATE OF NET EARNINGS ON TOTAL ASSETS,
AMOUNT OF DEPOSITS, POPULATION OF CENTER IN WHICH LOCATED, AND NUMBER OF COMMERCIAL BANKING OFFICES IN CENTER IN WHICH LOCATED

All
banks

$0.51
and
over

Banks with net current operating earnings per $100 of total assets of— 1
$0.50
or
less

$0.50
or
less

$0.51
to
$1.00

$1.01
to
$1.50

$1.51
to
$2.00

$2.01
to
$2.50

$2.51
to
$3.00

$3.01
and
over

893

1,865

2,146

1,293

596

250

210

741
2,327
1,998

11
16
5

33
47
40

126
284
212

145
513
520

153
615
605

96
432
359

82
226
156

42
103
59

53
91
42

$500,000 to $1,000,000......................................................
$1,000,000 to $2,000,000..................................................
$2,000,000 to $5,000,000..................................................

1,238
701
332

6
3

22
16
8

137
85
33

341
202
102

385
225
123

217
127
48

80
32
13

31
9
3

19
2
2

$5,000,000 to $10,000,000................................................
$10,000,000 to $50,000,000..............................................
Over $50,000,000.................................................................

76
43
4

8
6
2

26
16

26
12
2

9
5

4
3

2
1

1

B an k s in c e n te r s w ith p o p u la tio n (1930) o f —
Under 2 5 0 ..............................................................................
250 to 500..............................................................................
500 to 1,000..........................................................................

710
1,392
1,633

3
8
9

22
28
23

113
178
175

174
325
419

179
399
458

121
241
304

50
123
144

30
46
59

18
44
42

1,000 to 2,500.......................................................................
2,500 to 5,000.......................................................................
5,000 to 10,000.....................................................................

1,533
709
488

7
4
1

25
23
12

162
84
41

351
181
137

461
205
159

280
124
89

146
53
29

59
20
10

42
15
10

10,000 to 2 5,000...................................................................
25,000 to 50,000...................................................................
50,000 and o v e r ...................................................................

372
169
454

2

8
6
19

37
26
77

114
45
119

125
54
106

51
27
56

21
3
27

7
5
14

B an k s in ce n te r s w ith —
1 banking office....................................................................
2 banking offices..................................................................
3 banking offices..................................................................

4,752
1,613
402

25
10

85
37
14

534
209
50

1,131
447
98

1,364
451
142

861
277
61

433
114
16

182
42
6

137
26
15

4 banking offices..................................................................
5 banking offices...................................................................
6 banking offices..................................................................

173
80
66

10
3
3

18
7
10

48
25
18

46
32
17

32
9
8

8

6

2

1

3

5
4
4

7 banking offices................. .................................................
8 banking offices...................................................................
9 or more banking offices..................................................

27
25
322

4

1
3
10

4
7
54

7
3
88

8
5
81

o
1
42

2
1
21

1
3
7

2
2
15

1
Asset and liability items are averages of end-of-month figures.




7

7

3
29

CORPORATION

166

INSURANCE

41

DEPOSIT

7,460

w ith m o n t h ly average d e p o sits o f — 1
and under............................................................
to $250,000..........................................................
to $500,000..........................................................

B anks
$100,000
$100,000
$250,000

FEDERAL

A ll b a n k s .................................................................................

Banks with net current
operating deficits per
$100 of total assets of— 1

00
^

T ab le 141.

N e t P r o fits BEFORE DIVIDENDS OF INSURED COMMERCIAL BANKS NOT MEMBERS OF THE
F e d e r a l R e s e r v e S y s t e m , C a l e n d a r Y e a r 1936

NUMBER OF BAN KS OPERATING THROUGHOUT ENTIRE YEAR GROUPED ACCORDING TO RATE OF NET PROFITS ON TOTAL ASSETS,
AMOUNT OF DEPOSITS, POPULATION OF CENTER IN WHICH LOCATED, AND NUMBER OF COMMERCIAL BANKING OFFICES IN CENTER IN WHICH LOCATED

All
banks

$3.01
and
over

$3.00
to
$2.51

$2.50
to
$2.01

$2.00
to
$1.51

$1.50
to
$1.01

$1.00
to
$0.51

$0.50
or
less

$0.50
or
less

$0.51
to
$1.00

$1.01
to
$1.50

$1.51
to
$2.00

$2.01
and
over

64

105

169

517

1,382

1,662

1,447

896

1,027

741
2,327
1,998

25
39
18

6
6
3

10
17
13

15
19
17

22
33
19

34
60
35

106
171
124

170
441
334

118
473
459

103
439
419

51
290
270

81
339
287

$500,000 to $1,000,000......................................................
$1,000,000 to $2,000,000..................................................
$2,000,000 to $5,000,000................................................

1,238
701
332

10
14
5

5
3
2

8
3
1

4
5
4

16
5
8

16
15
7

61
32
20

217
134
63

297
192
87

260
137
65

157
84
33

187
77
37

$5,000,000 to $10,000,000................................................
$10,000,000 to $50,000,000.............................................
Over $50,000,000. .............................................................

76
43
4

1
2

1
1

1
1

2
1

15
g

24
12

12
10
2

7
3
1

13
5
1

B an k s in ce n te r s w ith p o p u la tio n (1930) o f —
Under 2 5 0 ............................................................................
250 to 5 00................. .............................................. ............
500 to 1,0 0 0 ........................................................... ..............

710
1,392
1,633

13
22
28

3
4
3

8
6
15

6
20
15

16
21
19

25
45
38

68
118
113

141
274
286

160
290
353

127
268
327

71
156
201

72
168
235

1,000 to 2,5 0 0 ......................................................................
2,500 to 5,000......................................................................
5,000 to 10,000............... ...................................................

1,533
709
488

15
6
12

5
2
4

11
1
6

7
2
5

18
14
3

15
13
9

102
38
24

275
142
70

335
165
118

292
132
108

211
91
64

247
103
65

10,000 to 25,000..................................................................
25,000 to 50,000................................................................
50,000 and o v e r ..............................................................

372
169
454

2
5
11

1
1
2

2
3

4
1
4

4
3
7

11
2
11

24
9
21

68
35
91

95
39
107

76
37
80

37
18
47

48
19
70

B an k s in ce n te r s w ith —
1 banking office......................................................... . . .
2 banking offices..................................................................
3 banking offices.................................................................

4,752
1,613
402

58
32
9

11
7
2

34
12
3

39
13
7

62
27
2

111
32
6

357
102
16

856
308
82

1,031
368
101

935
311
78

583
195
47

675
206
49

4 banking offices................................................................
5 banking offices..................................................................
6 banking offices................................................................

173
80
66

2

2

2

5

4
5

5

1

1

2

11
10
2

39
13
9

41
17
13

26
20
16

17
6
8

24
9
9

7 banking offices................................................................
8 banking offices..................................................................
9 or more banking offices................................................

27
25
322

7

2
2
15

3
9
63

11
7
73

3
2
56

4
3
33

3
2
50

lAsset and liability items are averages of end-of-month figures.




1
8 !

1

3

2

ii

BANKS

52

COMMERCIAL

25

INSURED

114

O
P

7,460

w ith m o n t h ly a vera ge d ep osits o f— 1
and un d er............................................................
to $250,000.........................................................
to $500,000............................................... .

B an k s
$100,000
$100,000
$250,000

EARNINGS

A ll b a n k s ...........................................................................

Banks with net losses before dividends per $100 of total assets of— 1 Banks with net profits before dividends per
$100 of total assets of— 1

T a b le 142.

N E T C U R R E N T OPERATING EARNINGS OF IN SURED COMMERCIAL BA NKS N O T M EM B ER S OF T H E FE D E R A L
R e s e r v e S y st e m , C a le n d a r Y e a r 1936

NUMBER OF BANKS OPERATING THROUGHOUT ENTIRE YEAR GROUPED ACCORDING TO RATE OF NET EARNINGS AND NET PROFITS ON TOTAL ASSETS,
AND BY SIGNIFICANT BALANCE SHEET RATIOS
Banks with net current
operating deficits per
$100 of total assets of 1

All
banks

Banks with net current operating earnings per $100 of total assets of— 1
$0.50 or
less

$0.51 to
$1.00

$1.01 to
$1.50

$1.51 to
$2.00

$2.01 to
$2.50

$2.51 to
$3.00

$3.01 and
over

166

893

1,865

2,146

1,293

596

250

114
25
52

3
1

10
2
4

34
3
11

29
9
15

24
7
12

8
1
6

1
2
1

5

$3.00 to $2.51...................................................................
$2.50 to $2.01.......................................................................
$2.00
$1.50
$1.00
$0.50

$1.51.......................................................................
$1.01.......................................................................
$0.51.......................................................................
less...........................................................................

64
105
169
517

3
3
7
8

5
6
12
46

12
17
33
102

21
31
47
144

12
23
29
116

6
15
22
59

3
3
10
22

1
7
5
11

4
9

B an k s w ith n e t p rofits b e fo re d iv id e n d s per
$100 o f to ta l assets o f — 1
$0.50 or less..........................................................................
$0.51 to $1.00.......................................................................
$1.01 to $1.50.......................................................................

1,382
1.662
1,447

7
2
2

45
22
11

354
188
76

429
606
293

316
512
604

154
219
307

54
70
107

12
30
31

11
13
16

$1.51 to $2.00.......................................................................
$2.01 and o v e r......................................................................

896
1,027

2
3

2
1

30
33

135
106

271
220

265
231

126
197

44
104

21
132

B an k s w ith r a tio o f ca sh a n d d u e fr o m b an k s
to to ta l assets o f — 1
Less than 10 percent............................................. ............
10 to 20 percen t...................................................................
20 to 30 percen t...................................................................

303
2,057
2,269

1
6
15

5
38
43

26
197
261

50
525
545

97
648
678

67
391
389

24
155
193

6
57
81

27
40
64

30 to 40 p ercent....................................... ...........................
40 to 50 percen t...................................................................
50 to 60 percen t...................................................................

1,539
830
316

11
6
1

28
20
22

197
123
55

387
245
80

405
211
80

273
111
40

132
59
22

64
33
7

42
22
9

60 to 70 percen t...................................................................
70 to 80 percent
..............................................................
80 to 90 percent

100
34
6

1

6
2
1

21
9
3

25
7

19
4
2

16
5

6
5

2

4
2

1

1

2

1

235
399
436

187
274
263

136
145
137

69
59
46

93
52
39

to
to
to
or

90 to 100 percent
100 percent
B an k s w ith r a tio o f se cu ritie s to to ta l assets
o f— 1
Less than 10 percent..........................................................
10 to 20 percent....................................... ..........................
20 to 30 Dercent............................................. ................




5
1

1,095
1,485
1,527

1

12
7
6

27
40
34

127
175
199

209
334
367

210

1
2
1

CORPORATION

41

INSURANCE

7,460

................................................................

B an k s w ith n e t losses b e fo r e d ivid e n d s p er
$100 o f to ta l assets o f — 1

DEPOSIT

$0.50 or
less

FEDERAL

$0.51 and
over
All b a t ik s .........

^
00

151
124
90

408
325
145

464
340
196

271
174
88

91
46
31

53
16
5

14
9
1

60 to 70 percent..................................................................
70 to 80 p ercen t..................................................................
80 to 90 percent..................................................................

184
51
3

2

4
2

19
8

58
19

63
12
1

24
10
2

10

2

2

B anks w ith r a tio o f lo a n s to to ta l assets o f— 1
Less than 10 percent..........................................................
10 to 20 percent..................................................................
20 to 30 percen t..................................................................

106
598
1,432

3
5
7

10
27
36

21
124
227

32
186
427

20
161
420

17
63
203

2
22
74

7
25

1
3
13

30 to 40 percent..................................................................
40 to 50 percent..................................................................
50 to 60 percent..................................................................

2,018
1,692
1,033

9
9
7

40
20
25

226
168
79

556
377
202

607
526
275

345
322
222

140
153
125

48
79
56

47
38
42

70 percent..................................................................
80 percent..................................................................
90 percent..................................................................
100 percent................................................................

414
127
34
6

1

4
4

40
8

71
13
1

108
23
6

88
28
5

53
21
6

23
9
3

26
21
13
6

B an k s w ith ra tio o f to ta l c a p ita l a c c o u n t to
to ta l assets o f— 1
Less than 10 percent......................................................
10 to 20 percent..............................................................
20 to 30 percent..............................................................

1,002
4,638
1,443

2
16
10

21
85
46

161
500
185

325
1,200
282

271
1,436
373

145
823
263

51
355
145

20
133
69

6
90
70

30 to 40 percent..............................................................
40 to 50 percent..............................................................
50 to 60 percent..............................................................

301
50
15

9
4

11
1
2

38
5
2

44
11
2

60
3
2

50
9
1

39
6

24
3
1

26
8
5

60 to 70 percent..............................................................
70 to 80 percent..............................................................
80 to 90 percen t..............................................................

7
3
1

1

1

1

60
70
80
90

to
to
to
to

B an k s w ith r a tio o f d e m a n d to to ta l d ep osits
o f— 1
Less than 10 percent......................................................
10 to 20 percent..............................................................
20 to 30 percen t..............................................................

1

3
2

1
1

1
1
2

2
2
16

8
11
58

9
33
147

27
46
142

8
31
62

9
3
14

5
2
3

24
1
1

30 to 40 percen t..............................................................
40 to 50 percen t..............................................................
50 to 60 percent..............................................................

880
1,160
1,179

4
7
7

18
35
18

132
162
167

276
336
315

274
363
342

126
167
202

34
70
73

12
9
38

4
11
17

60 to 70 percent..............................................................
70 to 80 percen t..............................................................
80 to 90 percent..............................................................

1,108
1,085
746

6
4
4

27
18
15

114
98
71

264
247
137

333
293
193

202
236
155

105
113
86

33
43
48

24
33
37

90 to 100 percent............................................................
100 percent.......................................................................

399
235

3
2

12
3

46
26

61
40

88
45

62
42

62
27

36
21

29
29

1
Asset and liability items are averages of end-of-month figures,




BANKS

93
130
445

COMMERCIAL

25
19
15

INSURED

8
5
1

O
P

1,485
1,058
572

EARNINGS

30 to 40 percen t..................................................................
40 to 50 percent....................................... ...........................
50 to 60 percent..................................................................

00
CO

190

SUSPENSIONS, RECEIVERSHIPS AND MERGERS
Table 143.

N U M B E R AND DEPOSITS OF B A N K S SUSPENDING OPERATIONS,

1934-1936

GROUPED B Y YEAR, BY CLASS OF BANK, BY AMOUNT OF DEPOSITS, AND B Y STATES
Deposits (in thousands of dollars)1

Number

Insured banks

Insured banks

Total

Members F. R.
System
National

State

N on­
insured
banks2

Total
Total

Members F. R.
System
National

State

N ot
members
F. R.
System

N on­
insured
banks2

15,861

36,424

58,095

21,671

Calendar Y ear
193 4
193 5
193 6

8
22
40

48
8
3

36,937
9,852
11,306

1,952
9,005
10,714

40
5,263
507

1,912
*3,742
10,207

34,985
847
592

Banks with deposits o f $100,000 and u n d er...............
$100,000 to $250,000.............
$250,000 to $500,000.............

*33
23
6

23
16
14

3,183
6,330
7,673

1,852
3,989
2,660

40
194
574

*1,812
3,795
2,086

1,331
2,341
5,013

4
4

1

4,310
5,107
14,376

3,568
5,107
4,495

507

3,061
5,107

4,495

135

$500,000 to $1,000,000. . .
$1,000,000 to $2,000,000.
$2,000,000 to $5,000,000.

76

3
2

17,116

State
California. . .
Connecticut.
Georgia.
Illinois.........
Indiana. . . .
I o w a .........
Kansas. ..
K en tu ck y.
Louisiana.
M ichigan..
Minnesota. .
M ississippi..
M issouri. . . .
M ontana. . .
Nebraska. ..




1
6
4
2
2
1
2
26
1
4

84

84
1,050
521
377
4,204

1
1
5
3
22
1
3
4
2
1
1
2
15

1,050
487
236
2,218

1,050
487
236
2,218

155
468
224
1,406
107

155
238
224
1,406
59

155
238
224
1,406
59

“ '48'

73
153
1,917
40
194

73
153
1,917

' 1,827'

73
153
3,744
40
469

40
194

" "3 4 '
141
1,986
230

’ ’ 275’

CORPORATION

$5,000,000 to $10,000,000. .
$10,000,000 to $50,000,000.
Over $50,000,000...................

9,881
17,116

INSURANCE

59

United States— to ta l.

DEPOSIT

70

5,810

FEDERAL

Total

N ot
members
F. R.
System

1
1
83

Pennsylvania..
South Carolina
South D a k ota .
Tennessee. . . .
T exa s................

1
1
2
4
5

Virginia...........
W isconsin. . . .

3

6

8
2

23,883
7,059
46
2,858
572

1,769

1,769

46
2,136
561

46
1,875
3561

1

5,667
305
641
154
984

5,557
136
641
154
556

2
4

780
2,071

313
1,352

3
1
1
1

261
4,495
* ''5 0 7 ‘

428

1,352

467
719

110
169

RECEIVERSHIPS
AD
N
MERGERS




722
11

1,062
136
134
154
556

313

1 Deposits of insured banks are as of date of suspension; deposits of noninsured banks are as of latest report date prior to date of suspension.
3 Excludes noninsured banks operating under restrictions which were placed in receivership or liquidation.
3 Includes 1 bank with deposits of $85,000 which was reopened as an insured bank.

22,114
7,059

SUSPENSIONS,

New Jersey. . .
New Y ork. . ..
N orth D akota.
O h io.................
Oklahoma. . . .

12
9

T a b le 144.

NUMBER AND DEPOSITS OF BANKS SUSPENDING OPERATIONS, 1936

GROUPED BY CLASS OF BANK, BY AMOUNT OF DEPOSITS, AND BY STATES
Deposits (in thousands of dollars)1

Number

Insured banks

Insured banks

Total

National
1

State

40

3

11,306

10,714

1
1
1

1,091
1,677
2,213

1,042
1,562
1,785

2
3

2,280
4,045

2,280
4,045

1,050
2,149
155
170
128

1,050
2,149
155
55
128

1,050
2,149
155
55
128

1,406
153
1,547
1,120
46

1,406
153
1,498
1,120
46

1,406
153
1,498
1,120
46

1,875
641
154
712

1,875
641
154
284

Oftft to

3
3

000 000

$1 000 000 to $2 000 000

20
10
5
3
3

1
7
1
2
2

1
7
1
1
2

1
7
1
1
2

2
2
14
1
1

2
2
13
1
1

2
2
13
1
1

1
3
4
3

1
3
4
2

1

507

507

State

N on­
insured
banks2

10,207

592

1,042
1,562
1,785

National

N ot
members
F. R.
System

49
115
428

1,773
4,045

$5 000 000 to $10 000 000
$10 000 000 to $50 000 000
S ta te
Connecticut
IndiEn&
K&ns^s
X on fnplnr
T

•

Louisiana
A/Tiaarmri
\To « Torcjpv
t
XTArfli

Ohio
South Dakota
T6nn6ss66

..................................
• •

,, ,

1

1
2
4
2

1

1

1

507

1 Deposits of insured banks are as of date of suspension; deposits of noninsured banks are as of latest report date prior to date of suspension.
2 Excludes 12 noninsured banks with deposits of $7,172,000 operating under restrictions which were placed in receivership or liquidation.




1,875
134
154
284

115

49

428

CORPORATION

21
11
6

B an k s w ith d e p o sits o f — 1
nn nnn anr] iimHpf
$100 000 to $250 000
$250 000 to $500 000

41

Total

INSURANCE

44

Total

Members F. R .
System

DEPOSIT

N on­
insured
banks2

FEDERAL

Total

N ot
members
F. R.
System

20
10
5

Members F. R .
System

T a b le 145.
Desig­
nating
number

Name and location

C
C
C

January 10, 1936
December 31, 1935
February 5, 1936
February 17, 1936
February 18, 1936
February 20, 1936
February 27, 1936
February 29, 1936
March 2, 1936
March 5, 1936
March 18, 1936
March 18, 1936
March 28, 1936
March 27, 1936
March 31, 1936
March 31, 1936
April 10, 1936
April 18, 1936
April 21, 1936
April 23, 1936
M ay 9, 1936
M ay 13, 1936
M ay 14, 1936
M ay 23, 1936
M ay 28, 1936
June 5, 1936
June 5, 1936
July 10, 1936
July 15, 1936
July 16, 1936
August 14, 1936
August 14, 1936
August 31, 1936
September 12, 1936
September 17, 1936
October 9, 1936
October 27, 1936
December 7, 1936
December 5, 1936
December 5, 1936
December 12, 1936
December 18, 1936

January 21, 1936
March 6, 1936
March 20, 1936
February 28, 1936
March 6, 1936
March 5, 1936
March 9, 1936
March 9, 1936
March 21, 1936
March 19, 1936
March 31, 1936
March 30, 1936
April 14, 1936
April 10, 1936
April 17, 1936
April 13, 1936
April 22, 1936
M ay 4, 1936
M ay 6, 1936
M ay 11, 1936
M ay 23, 1936
M ay 26, 1936
M ay 27, 1936
June 29, 1936
June 13, 1936
June 19, 1936
June 22, 1936
July 18, 1936
July 30, 1936
July 29, 1936
August 25, 1936
August 27, 1936
September 14, 1936
September 25, 1936
September 28, 1936
Novem ber 10, 1936
Novem ber 2, 1936
December 18, 1936
December 18, 1936
December 18, 1936
December 18, 1936
January 5, 1937

Receiver

State banking authority
State banking authority
State banking authority
FD IC
State banking authority
State banking authority
State banking authority
State banking authority
State banking authority
State banking authority
State banking authority
State banking authority
State banking authority
State banking authority
State banking authority
FD IC
State banking authority
State banking authority
State banking authority
State banking authority
State banking authority
State banking authority
State banking authority
FD IC
State banking authority
State banking authority
State banking authority
State banking authority
State banking authority
State banking authority
State banking authority
State banking authority
State banking authority
State banking authority
State banking authority
F D IC
F D IC
State banking authority
State banking authority
State banking authority
FD IC
F D IC

1 A— National bank member of the Federal Reserve System; B— State bank member of the Federal Reserve System; C— Bank not member of the Federal Reserve System.
N O T E : Banks designated b y numbers 75 and 76 had not been placed in receivership on December 31, 1936.




MERGERS

A

Date of first payment
to depositors
by F D IC

AD
N

c
c
c
c
c
c
c
c
c
c
c
c
c
c
c
c
c
c
c
c
c
c
c
c
c
c
c
c
c
c
c
c
c
c
c
c
c
c

1931
1918
1906
1908
1923
1904
1906
1930
1911
1913
1929
1907
1926
1929
1929
1914
1907
1905
1924
1923
1923
1914
1909
1907
1901
1919
1886
1909
1892
1915
1905
1908
1894
1880
1904
1933
1874
1923
1906
1900
1907
1898

Date of
suspension

RECEIVERSHIPS

Citizens Bank of Erwin, Erwin, Tennessee.................................
Central State Bank of Sherman, Sherman, Texas......................
Peoples Bank, Cole Camp, Missouri............................................
Merchants and Farmers Bank, Starkville, Mississippi..............
Columbia State Bank, Columbia C ity, Indiana........................
The Bank of High Hill, High Hill, Missouri..............................
Farmers Bank of Leonard, Leonard, Missouri...........................
Farmers & Merchants Bank, Adams, Tennessee........ ..............
Peoples Bank, Franklinton, K en tu cky........................................
Farmers and Merchants Bank of Linn, Linn, Missouri...........
Benjamin State Bank, Benjamin, Texas.....................................
Farmers State Bank, Amherst, South Dakota...........................
The Earl Park State Bank, Earl Park, Indiana........................
Clifton State Bank, Clifton, Tennessee.......................................
Leland Cooperative Bank, Leland, Iow a....................................
Bank of H olcom b, H olcom b, Mississippi....................................
Cross Plains Bank, Cross Plains, Tennessee................................
Hardin Bank, Hardin, K entucky..................................................
Farmers & Merchants Bank, Revillo, South D akota...............
Guaranty Bond State Bank, Miles, Texas.................................
Growers Exchange Bank, St. Joseph, Missouri.........................
Ford City State Bank, Ford C ity, Missouri...............................
Farmers Bank of New Truxton, New Truxton, Missouri.
West Monroe State Bank, West Monroe, Louisiana................
Holton State Bank, Holton, Indiana...........................................
Community Bank, Smithton, Missouri.......................................
The Christian County Bank, Ozark, Missouri...........................
Farmers State Bank, Densmore, Kansas....................................
D ’Auria Bank & Trust Com pany, Newark, New Jersey.........
The East Hampton Bank & Trust C o., East Hampton, Conn
Bank of Magnolia, Magnolia, Missouri.......................................
Cumberland Bank, Cumberland, Indiana...................................
Commercial Bank of Stanberry, Stanberry, Missouri..............
The Wellsville Bank, Wellsville, Missouri..................................
Farmers State Bank, Tindall, Missouri.......................................
DeSoto Bank and Trust Company, Mansfield, Louisiana.
The Union Bank, Uhrichsville, O hio............................................
The Union State Bank, Crothersville, Indiana..........................
Citizens State Bank, Palmyra, Indiana.......................................
Scottsburg State Bank, Scottsburg, Indiana..............................
The First State Bank o f Lignite, Lignite, North Dakota. . . .
The First National Bank of Centerville, Centerville, S. D . . . .

Year of
Class
organiza­
of
bank1
tion

SUSPENSIONS,

34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
77

INSURED BANKS PLACED IN RECEIVERSHIP, 1936

Table 146.

A SSETS OF INSURED B a n k s PLACED IN R EC E IVE RSH IP, 1934-1936

14
9

AS SHOWN BY BOOKS OF BANKS AT DATES OF SUSPENSION

Desig­
nating
number

Name and location

T o t a l, 1934 (9 b a n k s )............................................................
T o ta l, 1935 (24 b a n k s )..........................................................
T o ta l, 1936 (42 b a n k s ).........................................................

United
Cash and
Other
States
due from Government securities
banks
securities

Banking
Loans, dis­
Other real
house,
counts, and furniture
estate
overdrafts and fixtures

$27,911,485 $4,357,949 $2,149,622 $2,278,567 $14,517,262
2,661,327
12,323,948
12,926,210

185,056
1,974,181
2,198,712

603,519
698,440
847,663

Other
assets

$998,120 $1,097,467 $2,512,498

273,638
510,479
1,494,450

1,329,865
6,842,116
6,345,281

79,365
459,055
459,700

120,319
242,274
734,874

69,565
1,597,403
845,530

158,803
311,755

6,515
67,480

13,664
54,395

114,410
168,902

13,099
12,860

10,944
7,273

171
845

36
37
38
39
40

Peoples Bank, Cole Camp, M issouri....................................
Merchants and Farmers Bank, Starkville, Mississippi. ..
Columbia State Bank, Columbia C ity, Indiana................
The Bank of High Hill, High Hill, M issouri......................
Farmers Bank of Leonard, Leonard, Missouri...................

185,622
213,386
905,687
105,928
69,420

11,033
7,145
219,731
11,543
17,655

121,325
18,700

25,500
46,304
639

160,669
141,708
432,203
68,266
47,384

8,000
25,442
25,000
2,285
4,200

5,850
13,503
48,546
4,469

70
88
12,578
26
181

41
42
43
44
45

Farmers & Merchants Bank, Adams, Tennessee...............
Peoples Bank, Franklinton, K en tu ck y................................
Farmers and Merchants Bank of Linn, Linn, Missouri. .
Benjamin State Bank, Benjamin, Texas.............................
Farmers State Bank, Amherst, South D a kota ...................

13,997
92,974
227.574
253^832
56,390

1,390
6,578
23,815
88,529
616

100
9,628

11,445
17,826
2,684

11,005
74,246
177,619
99,456
47,195

1,602
2,788
6,560
9,100
3.500

9,352
6,900
26,426
1,390

10
1,135
2,867
1,005

46
47
48
49
50

The Earl Park State Bank, Earl Park, Indiana................
Clifton State Bank, Clifton, Tennessee................................
Leland Cooperative Bank, Leland, I o w a ............................
Bank of H olcom b, H olcom b, M ississippi............................
Cross Plains Bank, Cross Plains, Tennessee.......................

181,196
30,266
149,997
22,719
50,433

20,175
9,914
16,652
4,884
12,060

5,000

13,828
1,231
2,949
475
3,500

137,055
16,470
101,734
15,360
31,047

4,835
500
1,700
2,000
3,826

2,000

303
151
26,962

51
52
53
54
55

Hardin Bank, Hardin, K en tu cky...........................................
Farmers & Merchants Bank, Revillo, South Dakota. . ..
Guaranty Bond State Bank, Miles, T exas. . . ; .................
Growers Exchange Bank, St. Joseph, M issouri.................
Ford C ity State Bank, Ford C ity , Missouri.......................

71,765
128,016
202,205
53,119
61,907

767
8,151
52,074
19,199
15,805

1,100
3,700

2,075
10,450
4,319
500

62,890
89,844
94,809
26,153
42,096

1,600
8,325
12,660
6.500
3,870

2,385
1,902
37,753

948
5,644
590
167
136

56
57
58
59
60

Farmers Bank of New Truxton, N ew Truxton, Missouri
W est M onroe State Bank, W est M onroe, Louisiana........
Holton State Bank, H olton, Indiana....................................
Comm unity Bank, Smithton, M issouri................................
The Christian County Bank, Ozark, Missouri...................

70,968
520,175
203,641
75,286
338,541

16,393
115,858
8,397
21,464
112,229

3,000
25,296
13,675
250
11,225

18,639
21,450

21,086
244,799
156,028
40,969
199,009

6,850
20,073
4,918
9,000
3,750

4,990
80,810
15,875
3,500
400

10
11,889
4,748
103
11,017




600

CORPORATION

Citizens Bank of Erwin, Erwin, Tennessee.........................
Central State Bank of Sherman, Sherman, Texas.............

INSURANCE

34
35

DEPOSIT

1936

FEDERAL

T o t a l, 1934-1936 (75 b a n k s ) .................................................

Total
assets

Farmers State Bank, Densmore, Kansas........................................
D ’ Auria Bank & Trust Company, Newark, New Jersey........... .
The East Hampton Bank & Trust C o., East Hampton, Conn.,
Bank of Magnolia, Magnolia, Missouri......................................... .
Cumberland Bank, Cumberland, Indiana.....................................

79,834
1,245,408
1,232,955
70,114
87,405

10,731
324,080
96,040
25,321
3,545

66
67
68
69
70

Commercial Bank of Stanberry, Stanberry, Missouri................
The Wellsville Bank, W ellsville, M issouri.....................................
Farmers State Bank, Tindall, Missouri.........................................
DeSoto Bank and Trust Com pany, Mansfield, Louisiana:
The Union Bank, Uhrichsville, O h io..............................................

172,652
325,295
69,818
1,168,561
1,906,223

67,160
30,554
14,048
209,423

71
72
73
74
77

The Union State Bank, Crothersville, Indiana............................ .
Citizens State Bank, Palmyra, Indiana.........................................
Scottsburg State Bank, Scottsburg, Indiana................................
The First State Bank of Lignite, Lignite, North D a kota......... .
The First N ational Bank of Centerville, Centerville, S. D ...........

247,595
350,405
562,837
82,525
568,981

56,788
25,944
108,982
11,547
85,437

5,000
40,000

215
310,957
219,240
.........1,032
12,288

53,087
233,060 583,023
376,900
6,250
44,690
74,102
300
1,100

7,574
10,062
35,867
369
7,952

58,810
248,284
737,727
40,544
61,769

1,900
33,807
75,000
2,243
5,300

8,046
288,713
41,576

81,626
199,398
52,901
270,139
619,471

6,500
13,645
2,084
14,410
29,573

29,725

1,066
810
785
621,502
34,471

164,951
241,643
313,884
61,999
369,723

10,300
4,260
12,905
3,450
39,480

1,369
21,071
11,254
1,500
3,000

363
2,735
5,843
3,360
62,289

‘

’ 4,452
11,300
28,600

132
12,498
17,994
31
7

RECEIVERSHIPS
AD
N
MERGERS




27,069
45,378
1,975
11,300

SUSPENSIONS,

61
62
63
64
65

SO
CT
J

Desig­
nating
number

16
9

T a b le 147.

LIA B IL IT IE S OF INSURED BANKS PLACED IN R EC E IVE RSH IP , 1934-1936
AS SHOWN BY BOOKS OF BANKS AT DATES OF SUSPENSION

Name and location

T o t a l, 1934 (9 b a n k s ) ...........................................................
T o ta l, 1935 (24 b a n k s )..........................................................
T o t a l, 1936 (42 b a n k s ) .........................................................

Deposits
secured and
preferred

Other
secured
liabilities

Deposits
not secured
and not
preferred

$27,911,485 $1,640,861 $2,047,602 $19,945,054
2,661,327
12,323,948
12,926,210

720,235
563,529
357,097

77,630
1,826,850
143,122

1,231,757
8,136,956
10,576,341

Other
unsecured
liabilities

R FC
capital

Private
capital
stock

Other
capital
accounts1

*82,272
338,577
—63,933

30.000
50.000

25.000
50.000

4,676
— 7,303

50.000
40.000
10.000
7,500

25.000
15.000
60.000
10,000
7,500

12,005
887
27,938
614
2,876

10,000

15.000
7.000
42.500
5.000

— 1,091
3,409
8,352
— 2,104
2,162

2,500
5,000

25.000
12.500
25.000
10.000
15.000

7,396
— 4,704
— 30,043
— 1,154
— 1,082

9,000
50,000

16.000
20,000
50.000

3,125
2,040
— 849
— 370
2,076

1936
84
35

Citizens Bank of Erwin, Erwin, Tennessee.........................
Central State Bank of Sherman, Sherman, Texas.............

158,803
311,755

22,534

4,084

72,509
219,058

36
37
38
39
40

Peoples Bank, Cole Camp, M issouri....................................
Merchants and Farmers Bank, Starkville, Mississippi. ..
Columbia State Bank, Columbia C ity, Indiana................
The Bank of High Hill, High Hill, M is sou ri....................
Farmers Bank of Leonard, Leonard, Missouri...................

185,622
213,386
905,687
105,928
69,420

17.000
30.000
55,682

5,376
4,174

126,241
112,482
721,427
85,314
51,478

41
42
43
44
45

Farmers & Merchants Bank, Adam s, Tennessee...............
Peoples Bank, Franklinton, K entucky. . ........... ..
Farmers and Merchants Bank of Linn, Linn, Missouri. .
Benjamin State Bank, Benjamin, Texas.............................
Farmers State Bank, Amherst, South D akota...................

13,997
92,974
227,574
253,832
56,390

46
47
48
49
50

The Earl Park State Bank, Earl Park, Indiana................
Clifton State Bank, Clifton, Tennessee................................
Leland Cooperative Bank, Leland, Io w a ............................
Bank of H olcom b, H olcom b, M ississippi............................
Cross Plains Bank, Cross Plains, Tennessee......................

181,196
30,266
149,997
22,719
50,433

51
52
53
54
55

Hardin Bank, Hardin, K en tu cky..........................................
Farmers & Merchants Bank, R evillo, South D akota. . ..
Guaranty Bond State Bank, Miles, T exa s.........................
Growers Exchange Bank, St. Joseph, M issouri.................
Ford C ity State Bank, Ford C ity, M issouri.......................

71,765
128,016
202,205
53,119
61,907

56
57
58
59
60

Farmers Bank of N ew Truxton, N ew Truxton, Missouri
W est Monroe State Bank, W est M onroe, Louisiana........
Holton State Bank, H olton, Indiana....................................
Comm unity Bank, Smithton, M issouri................................
The Christian C ounty Bank, Ozark, Missouri...................

70,968
520,175
203,641
75,286
338,541




5,088
74,565
197,222
167,520
41,392

13,416
3,836

133,800
22,470
155,038
11,373
31,515
11,000

7,500

52,640
78,476
103,054
43,489
49,831
53,001
410,372
171,484
49,556
296,755

843
640

15.000
32,500
4,000
15.000

5,000
45.000
10.000
5,000
25,000

10.000
5.000

12,000
50.000
15.000
20.000

10,000

5,967
14,803
7,153
730
6,786

CORPORATION

432,100
2950,000
1,069,350

INSURANCE

$356,916

290.000
2223,000
788.000

27,333
285,036
56,233

DEPOSIT

$368,602 $1, 101,000 $2,451,450

FEDERAL

T o ta l, 1934-1936 (75 b a n k s ) .................................................

Total
liabilities

Farmers State Bank, Densmore, Kansas............................................
D ’ Auria Bank & Trust C om pany, Newark, New Jersey.................
The East Hampton Bank & Trust C o., East Hampton, Conn..
Bank of Magnolia, Magnolia, Missouri........................................... ’ .
Cumberland Bank, Cumberland, Indiana............................... ! ! ! ! ! !

79,834
1,245,408
1,232,955
70,114
87,405

66
69
70

Commercial Bank of Stanberry, Stanberry, Missouri......................
The Wellsville Bank, Wellsville, Missouri..........................................
Farmers State Bank, Tindall, Missouri....................................... .. * ’ [
D eSoto Bank and Trust Com pany, Mansfield, L ouisiana.. ! ! ! ! ! !
The Union Bank, Uhrichsville, O h io .......................................... [ ’ ’ ’ ’

172,652
325,295
69,818
1,168,561
1,906,223

71
72
73
74
77

The Union State Bank, Crothersville, Indiana..................................
Citizens State Bank, Palmyra, Indiana....................................... ’ ’ ].
Scottsburg State Bank, Scottsburg, Indiana......................................
The First State Bank of Lignite, Lignite, North Dakota. . . . ! ! ! !
The First National Bank of Centerville, Centerville, S. D ................

247,595
350,405
562,837
82,525
568,981

67

68

6,000
10,328

40,000
163,629

105,660

207,194
296,805
491,370
45,605
506,644

10,000
100,000'

497
35.000
15.000
7,500
116
22,907

io6,bob’
20.000

9,156

12.500
30.000
10.000
37.500

Minus ( - ) indicates net operating deficit.

10,000

100,000
25.000
10.000
15,000

-685
6,874
44,209
2.466
695

5,600
100,000
100,000

9.466
9,855
4,946
72,084
-297,457

11,250
25.000
25.000
15.000
50.000

9,151
16,100
16,467
2,764
-25,163

10,000

AD
N
MERGERS




128,186
250,440
51,772
996,361
1,711,484

8,628
13,374

RECEIVERSHIPS

\ j£ e | s surplus’ undivided Profits, and reserve funds minus operating deficit, if any, as shown by books.
c^

54,519
1,119,578
1,050,372
57,648
71,213

SUSPENSIONS,

61
62
63
64
65

CD

T a b le 148.

DEPOSITS OF INSURED BANKS PLACED IN RECEIVERSHIP, 1934-1936
REVISED TO DECEMBER 31, 1936

Name and location

Total1

Insured*

Secured and
preferred

Subject to
offset

Uninsured,
unsecured, not
preferred, and
not subject
to offset

Restricted
and deferred
deposits
uninsured

$22,112,252

$15,210,694

$1,697,152

$1,222,119

$3,080,847

$901,440

T o t a l, 1934 (9 b a n k s )........................................................
T o t a l, 1935 (24 b a n k s ) .....................................................
T o ta l, 1936 (42 b a n k s ).....................................................

1,965,119
9,079,053
11,068,080

940,458
6,092,782
8,177,454

755,533
463,106
478,513

95,058
550,282
576,779

102,786
1,967,880
1,010,181

71,284
5,003
825,153

11,478

5,591
7,758

11,354

11,000

5,118
3,381
69,339
4,858
4,007

121,346
6,987
152

80
5,362
11,721
6,956
3,337

3,090
36,789
69,441
8,816

6,593
673
17,780
24
724

34,972

1936
95,043
219,065

66,620
211,307

36
37
38
39
40

Peoples B ank, Cole Cam p, M issouri...........................
Merchants and Farmers Bank, Starkville, Mississippi.
Columbia State Bank, Columbia C ity, Indiana............
The Bank of High Hill, High Hill, M issou ri................
Farmers Bank of Leonard, Leonard, M issouri..............

143,221
142,351
775,425
92,604
51,077

118.898
113,970
528,556
80,759
46.918

41
42
43
44
45

Farmers & Merchants Bank, Adam s, Tennessee..........
Peoples Bank, Franklinton, K en tu cky. . ........... :••••;
Farmers and Merchants Bank of Linn, Linn, Missouri
Benjamin State Bank, Benjam in, Texas.........................
Farmers State Bank, Amherst, South D a k ota ..............

5,088
74,561
198,408
180,936
58,556

5,008
66,109
149.898
104,539
42,567

46
47
48
49
50

The Earl Park State B ank, Earl Park, Indiana............
Clifton State Bank, Clifton, Tennessee...........................
Leland Cooperative Bank, Leland, I o w a ........................
Bank of H olcom b, H olcom b, Mississippi........................
Cross Plains Bank, Cross Plains, Tennessee...................

133,659
22,470
155,038
11,373
31,515

122,616
16,973
99,781
11,349
30,791

51
52
53
54
55

Hardin Bank, Hardin, K en tu ck y......................................
Farmers & Merchants Bank, R evillo, South D akota. .
Guaranty Bond State Bank, Miles, Texas. .. ...............
Growers Exchange Bank, St. Joseph, M issouri.............
Ford C ity State Bank, Ford C ity , Missouri..................

52,504
89,476
103,058
43,489
49,831

9,751
72.919
92,365
40,995
47,942




25,000
56,184

3,836
4,824
2,505

7,088

1,220

9,469
10,693
2,494
1,889

8,205

CORPORATION

Citizens Bank of Erwin, Erwin, Tennessee.....................
Central State Bank of Sherman, Sherman, Texas........

INSURANCE

34
35

DEPOSIT

T o t a l, 1934-1936 (75 b a n k s ) .............................................

FEDERAL

Desig­
nating
number

4,450

41,533

Farmers Bank of N ew Truxton, New Traxton, Missouri.
W est M onroe State Bank, W est M onroe, Louisiana..........
Holton State Bank, H olton, Indiana......................................
Comm unity Bank, Smithton, Missouri.................................
The Christian C ounty Bank, Ozark, Missouri.....................

50,809
329,125
154,365
46,259
256,807

2,192
29,459
8,741
3,297
15,350

61
62
63
64
65

Farmers State Bank, Densmore, K ansas.......................................
D ’ Auria Bank & Trust C om pany, Newark, New Jersey...........
The East Hampton Bank & Trust C o., East Hampton, Conn.,
Bank of Magnolia, M agnolia, Missouri.........................................
Cumberland Bank, Cumberland, Indiana.....................................

54,522
1,118,258
1,050,371
57,631
71,265

46,578
1,010,827
876,441
54,046
68,521

3,578
25,698
48,124
3,585
2,744

66
67
69
70

Commercial Bank of Stanberry, Stanberry, Missouri........
The Wellsville Bank, Wellsville, M issouri............................
Farmers State Bank, Tindall, Missouri.................................
D eSoto Bank and Trust Com pany, Mansfield, Louisiana.
The Union Bank, Uhrichsville, O h io......................................

128,185
290,440
51,772
996,234
1,991,760

120,841
234,710
46,289
200,136
1,452,259

71
72
73
74
77

The Union State B ank, Crothersville, Indiana....................
Citizens State Bank, Palmyra, Indiana.................................
Scottsburg State Bank, Scottsburg, Indiana........................
The First State Bank of Lignite, Lignite, North Dakota.
The First National Bank of Centerville, Centerville, S. D ..

207,184
297,328
491,359
45,605
506,469

142,554
220,016
333,909
38,504
413,827

68

40,000
264,229

48,869
3,500

SI,78ft
8,158
24,598
4,3«6
81,733125,806

7,344
15,147
4,675
14,066
118,057

583
808
3,637
157,215

18,968
19,428:
28,310
1,249
27,700

45,662
57,884
80,271
627
61,442

778,395

5,225

1 The amount of deposits given in Table 148 does not agree with the amount shown in Table 147 due to the inclusion in Table 14& of deposits subsequently discovered
or reclassified.
1 Exclusive of insured portions of secured or preferred deposits.

AD
N
MERGERS

199




RECEIVERSHIPS

53,001
410,373
171,264
49,556
296,755

SUSPENSIONS,

56
57
58
59
60

to

T a b le 149.

PAYMENTS TO DEPOSITORS OF INSURED BANKS PLACED IN RECEIVERSHIP, 1934-1936
Insured deposits

Number of depositors
esig
itin
mb'

§

Name and location
Paid by
F D IC

Fully paid
by offset1

Total

Unpaid

Paid2

Unpaid

7,324

19,680

$15,210,694

$13,949,260

$1,261,434

T o t a l, 1934 (9 b a n k s ) ...........................................................
T o ta l, 1935 (24 b a n k s ).........................................................
T o ta l, 1936 (42 b a n k s ).........................................................

11,197
22,633
28,078

907
2,485
3,932

3,421
6,560
9,699

*940,458
*6,092,782
8,177,454

926,832
5,785,983
7,236,445

13,626
306,799
941,009

34
35

1936
Citizens Bank of Erwin, Erwin, Tennessee.........................
Central State Bank of Sherman, Sherman, Texas.............

1,913
1,537

683
1,368

101
116

1,129
53

66,620
211,307

54,264
210,481

12,356
826

36
37
38
39
40

Peoples Bank, Cole Cam p, M issouri....................................
Merchants and Farmers Bank, Starkville, Mississippi. ..
Columbia State Bank, Columbia C ity, Indiana................
The Bank of High Hill, High Hill, M issouri......................
Farmers Bank of Leonard, Leonard, M issouri...................

603
735
2,868
424
407

469
522
2,362
346
308

115
63
405
59
95

19
150
101
19
4

118.898
113,970
528,556
80,759
46.918

113,870
108,085
521,768
80,739
46,914

5,028
5,885
6,788

41
42
43
44
45

Farmers & Merchants Bank, Adams, Tennessee...............
Peoples Bank, Franklinton, K en tu ck y..................
Farmers and Merchants Bank of Linn, Linn, Missouri. .
Benjamin State Bank, Benjam in, Texas.............................
Farmers State Bank, Amherst, South D a k ota ...................

76
377
895
816
256

56
238
674
435

17
73
138
127
34

254
22

5,008
66,109
149.898
104,539
42,567

5,007
65,838
149,568
103,755
42,403

1
271
330
784
164

46
47
48
49
50

The Earl Park State Bank, Earl Park, Indiana................
Clifton State Bank, Clifton, Tennessee...............................
Leland Cooperative Bank, Leland, I o w a ............................
Bank of H olcom b, H olcom b, Mississippi............................
Cross Plains Bank, Cross Plains, Tennessee.......................

401
158
467
52
229

350
95
244
31
125

66

20
83

122,616
16,973
99,781
11,349
30,791

122,614
16,824
76,155
11,266
30,652

2
149
23,626
83
139

51
52
53
54
55

Hardin Bank, Hardin, K en tu cky..........................................
Farmers & Merchants Bank, R evillo, South D akota. . ..
Guaranty Bond State Bank, Miles, T exa s.........................
Growers Exchange Bank, St. Joseph, M issouri.................
Ford C ity State Bank, Ford C ity , Missouri.......................

183
440
1,461
362
185

339
647
231
129

21
71
163
62

79
30
651
69
18

9,751
72.919
92,365
40,995
47,942

8,229
71,753
89,198
40,855
47,903

1,522
1,166
3,167
140
39

56
57
58
59
60

Farmers Bank of New Truxton, N ew Truxton, Missouri
West M onroe State Bank, W est M onroe, Louisiana........
H olton State Bank, H olton, Indiana....................................
Comm unity Bank, Smithton, Missouri................................
The Christian C ounty Bank, Ozark, M issouri...................

230
1,816
701

44
153
156
74

4
141
50
23
86

50,809
329,125
154,365
46,259
256,807

50,801
289,843
153,440
46,224
242,677

39,282
925
35
14,130




200

182
1,522
495
288
608

50
42
157
1

21

100

1

21

20

4

CORPORATION

61,908

15,525
*31,678
41,709

INSURANCE

88,912

DEPOSIT

T o t a l, 1934-1936 (75 b a n k s ) .................................................

FEDERAL

Total

Farmers State Bank, Densm ore, Kansas.....................................
D ’Auria Bank & Trust Com pany, Newark, New Jersey.........
The East H ampton Bank & Trust C o., East Hampton, Conn
Bank of Magnolia, M agnolia, Missouri.......................................
Cumberland Bank, Cumberland, Indiana...................................

227
3,330
3,607
346
657

122
2,529
2,780
280
475

52
97
184
63
69

53
704
643
3
113

46,578
1,010,827
876,441
54,046
68,521

45,466
995,233
796,512
53,902
68,174

1,112
15,594
79,929
144
347

66
67
68
69
70

Commercial Bank of Stanberry, Stanberry, Missouri..............
The Wellsville Bank, W ellsville, Missouri..................................
Farmers State Bank, Tindall, Missouri.......................................
DeSoto Bank and Trust C om pany, Mansfield, Louisiana. . . .
The Union Bank, Uhrichsville, O h io............................................

740
1,128
319
1,800
6,578

556
771
211
646
4,859

125
193
86
5
217

59
164
22
1,149
1,502

120,841
234,710
46,289
200,136
1,452,259

119,848
222,655
46,216
165,231
1,371,943

993
12,055
73
34,905
80,316

71
72
73
74
77

The Union State Bank, Crothersville, Indiana..........................
Citizens State Bank, Palmyra, Indiana.......................................
Scottsburg State Bank, Scottsburg, Indiana..............................
The First State Bank of Lignite, Lignite, North Dakota. . . .
The First National Bank of Centerville, Centerville, S. D .......

633
598
1,618
250
1,107

359
367
927
166

99
148
97
1

175
83
594
83
1,107

142,554
220,016
333,909
38,504
413,827

91,226
176,802
264,937
17,174

51,328
43,214
68,972
21,330
413,827

AD
N
MERGERS

201




RECEIVERSHIPS

1 Includes all depositors whose claims have been fully paid by counterclaim, by sale of security, or directly by the receiver because of preferred status.
a Includes payments made both b y the Federal Deposit Insurance Corporation and by receivers.
* Revised. See note 1, Table 148.

SUSPENSIONS,

61
62
63
64
65

T a b le 150.

LOANS MADE TO AND ASSETS PURCHASED FROM BANKS BY THE FEDERAL DEPOSIT INSURANCE CORPORATION
AUGUST 23, 1935, TO DECEMBER 31, 1936

Name and location of bank

T o t a l (28 b a n k s ).............................................................

$9,593,480

12,324

4,356,778

2,862,650

C

February 4, 1936

A

1,250

February 17, 1936

C

13,150

February 17, 1936

B

11,203

3,734,418

1,551,528

February 17, 1936

A

3,707

1,729,263

729,944

March 19, 1936

C

293

79,569

19,533

March 25, 1936

c
c
c
c
c
c
c
c
c
c

541

70,878

23,097

1,086

131,005

37,008

447

121,494

14,509

330

47,840

13,498

218

61,365

42,292

March 26, 1936
April 24, 1936
M ay 25, 1936
June 18, 1936
June 29, 1936
July 6, 1936
July 11, 1936
August 24, 1936
September 15, 1936

436,611
6,758,411

Union Bank and Trust Company of Bethlehem2
Bethlehem, Pennsylvania
First National Bank in Clinton*
Clinton, Oklahoma

52,347
2,512,569

2,290

361,387

75,000

994

235,454

107,462

554

99,326

21,372

644

124,184

11,248

1,084

149,073

25,060

T Ann Arbor Savings and Commercial Bank3
/
Ann Arbor, Michigan

)

The First National Bank of Bosworth
Bosworth, Missouri
Riley State Bank
Riley, Kansas
Bank of Donelson3
Donelson, Tennessee
Citizens Bank
Norborne, Missouri
West Plains Bank
West Plains, Missouri
Crawford County State Bank
Robinson, Illinois
Columbus Trust Co.
Newark, New Jersey
Dixie State Bank
W alton, Kentucky
The First National Bank of Sarcoxie
Sarcoxie, Missouri
Lewistown State Bank
Lewistown, Missouri
The Peoples National Bank of Kingfisher
Kingfisher, Oklahoma

CORPORATION

November 16, 1935

INSURANCE




$21,055,660

Successor bank

DEPOSIT

E. P. W ilbur Trust Company
Bethlehem, Pennsylvania.......................................
The First National Bank of Clinton
Clinton, Oklahom a...................................................
The Ann Arbor Savings Bank
Ann Arbor, M ichigan..............................................
Farmers & Mechanics Bank
Ann Arbor, M ichigan..............................................
The First National Bank and Trust Company
Ann Arbor, M ichigan..............................................
Citizens Bank of Bosworth
Bosworth, M issouri..................................................
The Farmers State Bank
Riley, Kansas............................................................
Donelson Bank & Trust Co.
Donelson, Tennessee................................................
Norborne Trust Company
Norborne, M issouri..................................................
Koshkonong State Bank
Koshkonong, M issouri.............................................
The Peoples State Bank of Flat R ock
Flat Rock, Illinois....................................................
Central Bank and Trust Company
Newark, N ew Jersey................................................
The W alton Equitable Bank
Walton, K en tu ck y....................................................
The State Bank of Sarcoxie
Sarcoxie, M issouri....................................................
Durham State Bank
Durham, M issouri....................................................
The Security Bank
Kingfisher, Oklahom a..............................................

Loans made
and assets
purchased

Number
of
accounts

FEDERAL

Class
of
bank1

Total
deposits

58,582

Date of
loan

October 3, 1936

C

747

153,243

38,696

December 1, 1936

C

925

317,062

203,497

December 7, 1936
December 19, 1936
December 19, 1936
December 19, 1936
December 21, 1936
December 21, 1936

December 21, 1936
December 21, 1936
December 21, 1936

780

74,937

28,651

754

478,763

482,821

2,106

762,675

269,366

1,062

360,340

238,245

297

83,852

56,552

118

43,344

30,100

620

100,343

59,463

500

76,001

23,076

117

29,832

10,245

441

78,212

53,651

State Bank of Shelley
Shelley, Minnesota
Peoples State Bank
Parshall, North Dakota
-Bank not member of the Federal Reserve System.

AD
N

1 A — National bank member of the Federal Reserve System; B— State bank member of the Federal Reserve System; C
* N ewly organized bank.
8 Continued in operation as a noninsured trust company not accepting deposits.

MERGERS

203




^American State Bank of Minot*
' M inot, North Dakota

RECEIVERSHIPS

December 21, 1936

C

c
c
c
c
c
c
c
c
c

Farmers Bank of Stover
Stover, Missouri
The Cambria State Bank
Cambria, Wisconsin
The Thomas County National Bank of Colby
Colby, Kansas
The Dakota National Bank of Fargo
Fargo, North Dakota
American State Bank of Williston*
Williston, North Dakota

SUSPENSIONS,

Stover Bank
Stover, M issouri........................................................
Bank of Cambria
Cambria, W iscon sin ...............................................
The Brewster State Bank
Brewster, K a n sa s....................................................
Northern and Dakota Trust C om pany8
Fargo, North D a k o ta ..............................................
The First International Bank of Williston
Williston, North D a k o ta ........................................
First International Bank
M inot, N orth D a k o ta .............................................
Bank of Berthold
Berthold, North D a k ota .........................................
First State Bank
Coteau, N orth D a k o ta ............................................
First State Bank of Max
M ax, N orth D a k o ta ................................................
First State Bank of Powers Lake
Powers Lake, N orth D a k ota .................................
The Cummings State Bank
Cummings, N orth D a k o ta .....................................
Reservation State Bank
M akoti, North D a k ota ...........................................







INDEX




INDEX
Absorptions. See Mergers and consolidations.
P
ages
Accounts insured, M ay 13, 1936. See Number of accounts.
Actions of Federal Deposit Insurance Corporation.
S ee Federal
Deposit Insurance Corporation.
Additional offices. S ee Number of branches or additional offices.
Administrative expenses of Federal Deposit Insurance Corporation....34, 35, 37
Admissions to insurance:
Applications approved and disapproved................................................. 20, 21
B y class and character of bank.................................................20, 21, 2 2 ,1 0 2 -0 4
Number during 1936............................................................................. 22, 4 7 ,1 0 2 -0 4
Policy of Corporation regarding................................................................. 21 -2 3
Advertising by insured banks, Regulation III and resolutions regard­
ing..................................................................................................31, 8 2 -8 6
Amendment of deposit insurance law..................................................................31 -3 2, 81
Applications for reduction or retirement of capital obligations of
banks. See Capital of banks.
Applications of banks for admission to insurance. See Admissions to
insurance.
Assessments:
Adequacy of ................................................................................................ 28 -2 9, 35, 38
Rate and amount...................................................................................................
34
Rules relating to payment by banks whose insured status has
terminated .................................................................................. 31, 92
Assets and liabilities of banks:
A ll commercial banks:
Changes during 1936............................................................................. 4 8 -4 9
December 31, 1935, June 30, 1936, and December 31, 1936
134
Factors in growth of deposits and assets................................ 4 8 -4 9
Insured commercial banks:
A t beginning and close of year........................................................
48
Call dates, 1934-36.................................................................................. 136-38
December 31, 1935, June 30, 1936, and December 31, 1936
134
Insured commercial banks not members of the Federal Reserve
System :
Call dates, June 30, 1934, to December 31, 1936.................... 139-41
Grouped according to amount of deposits......14 2-47 , 16 9,17 1, 173
Grouped by number of commercial banking offices in
center ......................................................................................... 1 7 9 ,1 8 1
Grouped by population of center in which located............. 1 7 5 ,1 7 7
Grouped by rate of net earnings on total assets.................. 18 3 ,1 8 5
Mutual savings banks......................................................................................... 6 0 ,1 3 5
Noninsured banks .............................................................................................. 1 3 4,13 5
Assets and liabilities of the Federal Deposit Insurance Corporation....
36
Assets, examiners’ analysis of, insured commercial banks not members
of the Federal Reserve System grouped by amount
of deposits and by States:
Appraised values: Loss, doubtful, slow, not criticized.................... 152-59
Ratios of loss and doubtful items to book values...................................160-61
Substandard assets................................................................... 1 9 -2 0 , 5 0 -5 1 ,1 5 2 -5 9
Assets of banks purchased by Federal Deposit Insurance Corporation.
See Loans to insolvent insured banks.
Assumption of uninsured deposits.............................................................................. 29 -3 0
Balance sheet of the Federal Deposit Insurance Corporation.................... 34, 36
Bank examinations. See Examinations of banks.
Banking developments, summary o f........................................................................... 4 3 -6 1
Banking offices, establishment of ( see also Banks operating more than
one office; Banks beginning operations; Number
of banking offices).................................................................... 22 -2 3
Banking practices ( see also U nsafe and unsound banking practices).... 16 -2 0
Bank management (see also Banking practices)...................................1 6 ,1 8 ,3 8 -3 9




207

20 8

FEDERAL DEPOSIT INSURANCE CORPORATION
Page

Banks beginning operations...................................................................... 2 1 -2 2 , 45, 47, 102
Banks ceasing operations........................................................................ 24, 45, 4 7 ,1 0 2 ,1 0 4
Banks operating more than one office ( see also Number of branches or
additional offices; Number of operating banks;
Number of operating banking offices) :
Establishment of branches or additional offices:..................7, 43 -4 5, 22 -2 3
Applications approved or disapproved.......................................... 24, 25
Changes during 1936.............................................................................
45
Number of banks establishing branches grouped by class
26
of bank and by amount of total capital account........
Policy of Corporation with regard to............................................
25
Board of Directors of the Federal Deposit Insurance Corporation........
6, 33
Board of Governors of the Federal Reserve System, review by Cor­
poration of examinations of State banks members
of the Federal Reserve System made by.................... 8 ,1 3 ,14
Branch banks. See Banks operating more than one office.
Branches.
See Banks operating more than one office; Number of
branches or additional offices.
Capital of banks ( see also Assets and liabilities of banks; Earnings,
expenses, and disposition of p r o fits):
Changes during 1936.......................................................................................26 -2 9 , 51
Noninsured banks ..............................................................................................134,13 5
Policy of Corporation regarding..................................................... 22, 25, 27 -2 9
Reductions and retirements approved by the Federal Deposit
Insurance Corporation ........................................................7, 2 6 -2 7
Sound capital ...................................................................... 15, 2 7 -2 9 , 5 2 -5 5 ,1 4 8 -5 1
Supplied by the Reconstruction Finance
Corporation ................................................... 11, 26, 54 -5 5, 162-63
Total capital account of insured commercial banks:
Call dates, June 30, 1934, to December 31, 1936.................... 136-38
Changes during 1936.............................................................................
51
December 31, 1935, to December 31, 1936...................................
134
Relation to deposits and assets................................................... 28, 51-52
Capital of the Federal Deposit Insurance Corporation...................................
36
Certificates of beneficial interest............................................................................... 27, 29
Changes during 1936 in number and deposits of operating banks.
See Deposits; Number of operating banks.
Chartering of banks............................................................................................................ 21, 23
Classification of banks and banking offices................................................... 9 7 -9 9 ,1 2 4
Closed banks. See Receivership, insured banks placed in ; Suspensions.
Committee on standardization of call report form s.......................................
30
Commercial banks. See Assets and liabilities of banks; Capital of
banks; Deposits; Earnings, expenses, and disposi­
tion of profits; Number of operating banks.
Commercial banking offices. See Number of operating banking offices.
Common stock. See Capital of banks.
Comptroller of the Currency:
Chartering of national banks by....................................................................
21
Director of Corporation....................................................................................
6
Review by Corporation of examinations of insured national
banks made by...........................................................................8 ,1 3 ,1 4
Condition reports:
Committee on standardization o f.................................................................
30
Publication of .......................................................................................................
8 ,1 5
Required by Corporation.................................................................................. 8, 30
Consolidations and mergers. See Mergers and consolidations.
Credit institutions, competition among and supervision o f...........................
23
Defalcation .............................................................................................................................
16
Demand deposits. See Deposits.
Deposit insurance, participation in.............................................. 4 5 -4 7 ,1 0 5 -1 3 ,1 2 5 -2 7
Deposit insurance national banks................................................................................ 9, 98
Depositors. See Number of depositors.
Depositors’ claims against closed insured banks.
S ee Receivership,
insured banks placed in.




INDEX

209

D eposits:
Pa^e
Assumption of by other banks.............................................................7, 2 9 -3 0 , 92
Classified by type of deposit............................................................... 7 0 -7 1 , 72 -7 3
Definition, for assessment purposes.............................................................
124
D em and:
Am ount ( see also Assets and liabilities)................................ 71, 73, 74
Definition of ..............................................................................................
86
Prohibition of interest on.............................................................8 7 -8 8 , 90
Growth o f:
Between M ay 13, 1933, and M ay 13, 1936.....................................
75
During 1936 ..................................................................................46 -4 7, 48 -4 9
Insured. See Insured deposits.
Interbank ( see also Assets and liabilities)................................ 4 9 ,7 0 ,7 1 ,7 3
Interest on. See Interest.
Note regarding........................................................................................................
124
O f all banks, 1936................................................................................................ 125-27
O f all commercial banks................................................................. 46, 1 2 8 -3 1 ,1 3 4
O f all insured banks:
Daily average during 1936................................................................. 125-27
M ay 13, 1936..............................................................................................
66
Of all mutual savings banks.................................................1 2 5 -2 7 ,1 3 2 -3 3 ,1 3 5
O f banks establishing branches during 1936............................................
26
O f banks grouped b y:
Amount o f deposits ( see also Assets and
liabilities) ............................................ 67, 76, 7 7 ,1 2 5 ,1 2 8 -3 3 ,1 4 8
Class of bank..............................................................................................125-27
States and possessions.....................................69, 7 6 -7 7 ,1 2 6 -3 3 ,1 4 8 -4 9
O f banks merged with aid of loans or purchase of assets by the
Corporation ...........................................................................10, 202-03
O f banks operating more than one office...................................................
125
O f insured banks in receivership.....................................8 -9 ,1 9 0 -9 2 ,1 9 8 -2 0 1
O f insured commercial banks:
Call dates, 1934-36..................................................................................
137
Daily average during 1936................................................................. 125-31
December 31, 1935, June 30, 1936, and December 31, 1936..
134
December 31, 1935, and December 31, 1936.........................4 6 -4 7 , 48
M ay 13, 1936.............................................................................................. 6 5 -7 5
O f insured commercial banks not members of the Federal
Reserve System :
A t time of latest examination, 1936............................................ 148-49
Call dates, 1934-36.............................................. :.................................. 140-41
Daily average during 1936................................................................. 125-27
December 31, 1936, banks grouped by amount of
deposits ............................................................................. 1 4 3 ,1 4 5 ,1 4 7
M ay 13, 1936...........................................................................................
69
O f insured mutual savings banks:
Daily average during 1936.............................................. 1 2 5 -2 7 ,1 3 2 -3 3
December 31, 1935, June 30, 1936, and December 31, 1936..
135
M ay 13, 1936.............................................................................................. 76 -7 7
O f noninsured banks:
December 31, 1935, June 30, 1936, and December 31,
1936 ..............................................................................................13 4,13 5
December 31, 1936, banks grouped by class, type of office,
amount of deposits, and by States and possessions..125-33
O f suspended banks ( see also Receivership, insured banks
placed i n )............................................................................. 8 -9 ,1 9 0 -9 2
O f unit banks..........................................................................................................
125
Paid and unpaid in closed insured banks..........................................8 -9 , 200-01
Payments of, to insured depositors. See Receivership, insured
banks placed in.
Postal savings deposits ( see also Assets and liabilities).................. 7 1 ,7 3
Preferred and secured ( see also Receivership, insured banks
placed i n ) ...................................................................... 7 1 -7 2 ,1 3 8 ,1 4 1
Public funds ( see also Assets and liabilities)....................................... 7 1 ,7 3




210

FEDERAL DEPOSIT INSURANCE CORPORATION

Deposits:— Continued,
Page
Release of restricted deposits,...-.................................. ,...........................
29*
Reports o f, as of M ay 13, 1936..... ............. ............................. ,.3 0 ,6 5 -7 7 ,9 3 -9 4
Savings and time deposits ;
Amount of ( see also A ssets and liabilities ) ......................71, 7&, 74
Conditions of withdrawal o f...,........ 89*
Definitions of .............................. ,.... ................ ................................... 86-47Interest paid on (see also Earnings, expenses, and dis­
position of profits)...... ............................................. 59
Loans on ....................................................................................................,
89
Regulation of interest on, and of conditions of with­
drawal o f ....................................................................................... 88 -9 1
Subject to offset. See Receivership, insured banks placed in.
Uninsured. S ee Uninsured deposits.
Disposition of profits.
See Earnings, expenses, and disposition of
profits.
Dividends. See Earnings, expenses, and disposition of profits.
Dividends to depositors. S ee Receivership, insured banks placed in.
Dividends received by Corporation from closed insured banks..................
13
Division of Examination. See Examinations of banks.
Doubtful assets.
( See also Assets, examiners* analysis o f ) ....................... 4 9 -5 0
Earnings, expenses, and disposition of profits:
Insured commercial banks................................................................. 5 5 -5 9 ,1 6 4 -6 5
Insured commercial banks not members of the Federal Reserve
System, calendar years 1934, 1935, 1936.................... 166-67
Insured commercial banks not members of the Federal Reserve
System operating throughout entire year 19 36 :.... 57-59
Grouped according to number of commercial banking
offices in center in which located....................................... 178-81
Grouped according to population of center................................ 174-77
Grouped according to rate of net earnings on total assets.. 182-85
Grouped by amount of deposits..................................................... 16 8-73
Number of, grouped according to rate of net current
operating earnings, rate of net profits, amount of
deposits, population of center and number of com­
mercial banking offices in center.....................................18 6-87
Number of, grouped according to rate of net current
operating earnings, rate of net profits, and by
significant balance sheet ratios....................................... 18 8-89
Insured mutual savings banks...................................................................... 60, 61
Reports o f.................................................................................................................
30
Emblem of the Federal Deposit Insurance Corporation, approved for
advertising ..................................................................................
84
Employees, Federal Deposit Insurance Corporation..........................................
33
Examination, Division of. See Examinations of banks.
Examinations of banks (see also Assets, examiners’ analysis o f; Cap­
ital of b a n k s ):
Cost of ........................................................................................................................
35
In connection with loans to and purchase of assets of insured
banks .......................................................... ...................................
14
Number of, 1936..................................................................................................... 7 ,1 4
Policy and program.............................................................................................. 13 -1 4
Purposes o f.............................................................................................................. 14 -1 6
Reports, revision of form o f.............................................................................
14
Review of reports of examinations made by the Comptroller of
the Currency and Board of Governors of the
Federal Reserve System........................................................ 8 ,1 3
Examiners, appointment and duties......................................................................... 1 4 ,1 6
Expenses. See Earnings, expenses, and disposition of profits.
Expenses of the Federal Deposit Insurance Corporation..............................
37
Failures. See Suspensions; Receivership, insured banks placed in.
Federal Deposit Insurance Corporation:
Actions by regarding:
Applications of banks for admission to insurance..................
20
Assumption of deposit liabilities................................................... 29, 30




INDEX

211

Federal Deposit Insurance Corporation:— Continued.
Page
Actions by regarding:— Continued.
Branch banking ....................................................................................
24
Capital of insured banks...............................................................15, 26 -2 7
Loans and purchase of assets to facilitate mergers...........
12
U nsafe and unsound banking practices................................ 1 5 ,1 7 -1 8
Balance sheet o f..................................................................................................... 34, 36
Board of Directors o f.........................................................................................
6, 33
Call upon insured banks for report of deposits as of M ay 13,
1936 .................................................................................... 3 0 ,6 5 ,9 3 -9 4
Capital and surplus o f................................................................................35, 36, 37
Divisions and committees o f...........................................................................
6, 33
Employees and officers o f................................................................................ 33 -3 4
Examinations of banks by................................................................................ 13 -1 6
Functions o f............................................................................................................
7 -8
Income and expenses o f................................................................................34 -3 5 , 37
Investments o f.......................................................................................................... 35, 36
Loan power, extension o f............................................................................. 31 -3 2, 81
Loans to insured banks by.............................................................9 -1 2 , 32, 20 2-03
Losses incurred ..................................................................................................... 10, 34
Officers and employees o f.................................................................................. 33 -3 4
Operations of .......................................................................................................... 7 -3 9
Organization and staff o f................................................................................6, 33 -3 4
Payments to insured depositors by..........................................8, 35, 193, 200-01
Policies of .......................................................................................2 2 -2 3 , 25 -2 6, 27 -2 9
Powers of .................................................................................................................
7 -8
Purchase of assets of insolvent banks by..............................9 -1 2 , 32, 20 2-03
Receiver for insured banks, appointment as...................................1 2 -1 3 ,1 9 3
Recoveries on subrogated claims by............................................................. 13, 35
Regulations and rulings o f.........................................................................31, 82 -9 2
Report to insured banks as of June 30, 1936, and December 31,
1936, by .........................................................................................
35
Supervision of insured banks by....................................................................
23
Federal Reserve Banks, review by corporation of examinations of State
banks members of the Federal Reserve System
made by.......................................................................................... 1 3 ,1 4
Insolvent banks ( see also Loans to insured banks; Mergers and con­
solidations; Purchase of assets; Receivership, in­
sured banks placed in; Suspensions)................................ 8 -1 2
Insurance coverage. S ee Insured deposits.
Insurance of deposits, pamphlet entitled................................................................. 30, 65
Insured banks. S ee:
Admissions to insurance;
Advertising by insured banks;
Assets and liabilities of banks;
Assets, examiners’ analysis o f;
Bank management;
Banking practices;
Banks operating more than one office;
Capital o f banks;
Chartering o f banks;
Classification of banks and banking offices;
Deposits;
Earnings, expenses, and disposition of profits;
Examinations of banks:
Loans to insolvent insured banks;
Mergers and consolidations;
Number of operating banking offices;
Number o f operating banks;
Number of branches or additional offices;
Receivership, insured banks placed in;
Regulations and rulings;
Suspensions;
Terminations of insurance.




212

FEDERAL DEPOSIT INSURANCE CORPORATION
Page

Insured banks placed in receivership. See Receivership, insured banks
placed in.
Insured commercial banks ( see also Insured banks) :
Analysis of deposits o f........................................................................................ 65 -7 5
Developments during 1936 affecting............................................................ 4 5 -5 9
Insured commercial banks not members of the Federal Reserve System
( see also Insured b an k s)..........................................4 9 -5 1 ,5 2 -5 9
Insured deposits ( see also Insured banks; Number of a cco u n ts):
Amount o f............................................................................ 7, 66-67, 69, 70-71, 74, 76
Maximum coverage for a depositor............................................................ 7, 65, 70
O f commercial banks by type of deposit...................................................
71
O f commercial banks grouped by:
Amount of deposits.................................................................................
67
Class of bank.............................................................................................
69
States and possessions...........................................................................
69
O f insolvent banks merged with aid of loans by Corporation......
10
O f mutual savings banks................................................................................... 76 -7 7
O f suspended banks................................................................... 8, 9, 198-99, 200-01
Insured mutual savings banks ( see also Insured b a n k s)..................6 0 -6 1 ,7 6 -7 7
Insured State banks members of the Federal Reserve System.
See
Insured banks.
Interbank deposits. S ee Deposits.
Interest:
On deposits:
Rate o f............................................................................................................
59
Regulation o f Corporation regarding............................................ 86-91
On loans and securities, rate of, 1934-36...................................................
59
Instructions for preparing Form 89, Summary of Deposits, M ay 13,
1936....................................................................................................
93
Investments. See Assets and liabilities of banks; Unsafe and unsound
banking practices.
Investments of the Federal Deposit Insurance Corporation.
See
Federal Deposit Insurance Corporation.
Law, deposit insurance, amendment o f.................................................................31-32, 81
Law, State, regarding deposit insurance................................................................. 32-33
Liquidation, Division o f....................................................................................................
33
Liquidation, loans, and purchase o f assets, committee on..............................
33
Liquidations of banks.
See Receivership, insured banks placed in.
Loans. See Assets and liabilities; Assets, examiners’ analysis; Unsafe
and unsound banking practices; Loans to insolvent
insured banks.
Loans and securities. See Assets and liabilities.
Loans to insolvent insured banks:
By Federal Deposit Insurance Corporation:
Amount o f........................................................................................9 ,1 0 , 202-03
Action of Corporation regarding.................................................. 9 ,1 1 ,1 2
Committee on..............................................................................................
33
Extension of power to make..........................................................31-32, 81
Loss to Corporation on..........................................................................
10
Name and class of banks to which made.....................................20 2-03
B y Reconstruction Finance Corporation................................................... 10 ,11
Location of insured banks, changes of approved by the Federal Deposit
Insurance Corporation..............................................................
30
Losses of the Federal Deposit Insurance Corporation. See Federal
Deposit Insurance Corporation.
Mergers and consolidations:
Assumption of deposit liabilities.............................................................. 10, 29, 30
Deposits of banks m erging...............................................................................
10
During 1936........................................................................................................ 4 5 ,1 0 2 -0 4
Loans and purchase of assets by Corporation to aid............. 9 -1 2 , 20 2-03
O f insolvent insured banks................................................................... 9 -1 2 ,1 0 2 -0 3
Morris Plan banks, classification o f.......................................................................... 97, 98
M utual savings banks ( see also Insured b a n k s ):
A ssets and liabilities.............................................................................................
135




INDEX

213
Page

Classification o f.......................................................................................................
97
Deposits ..............................................................................................66, 125-27, 132-33
Number ...........................................................................................101, 1 0 4 -1 1 3 ,1 1 8 -1 9
National banks.
See Comptroller of the Currency; Insured banks.
New banks. See Banks beginning operations.
Noninsured banks. S ee:
A ssets and liabilities o f banks;
Capital of banks;
Classification of banks and banking offices;
Deposits;
Mergers and consolidations;
Number of operating banking offices;
Number o f operating banks;
Number of branches or additional offices;
Suspensions;
Uninsured deposits.
Number o f accounts:
In banks to which the Corporation has made loans........................... 203-04
In insured commercial banks, M ay 13, 1936:
Grouped by amount of deposits.......................................................
66
Grouped by size of account................................................................. 66-71
Grouped by States and possessions................................................
68
Grouped by type of deposit................................................................. 70-72
In insured mutual savings banks, M ay 13, 1936.................................. 66, 76
Number o f banks operating more than one office:
According to location of branches or additional offices............. 4 4 ,1 2 0 -2 1
B y class o f bank..................................................................................................... 105-11
Number o f branches or additional offices:
By class of bank and by type of office in each State and in the
possessions ....................................................................................105-11
Changes during 1936.............................................................................................45 ,1 0 3
December 31, 1935, and December 31, 1936.............................................. 100-01
Number of operating banking offices:
A ll offices...........................................................................................................10 0,10 5-11
By amount of deposits........................................................................................
122
B y class of bank....................................................................................................105-11
B y number of commercial banking offices in center in which
located..............................................................................................
123
By population of center in which located.......................................4 3 ,1 2 2 ,1 2 3
By States and possessions...............................................................................105-11
B y type of office.......................................................................... 44, 1 0 5 -1 1 ,1 2 2 ,1 2 3
Changes during 1936......................................................................................4 5 ,1 0 2 -0 4
Classification .............................................................................................................. 97-99
Commercial .......................................................................4 3 -4 5 ,1 0 0 ,1 0 2 -0 3 ,1 2 2 -2 3
In su red ..................................................................................................... 1 0 0 -0 4 ,1 2 2 ,1 2 3
Mutual savings...................................................................................................... 101,104
Noninsured ................................................................................................................100-04
Revision of 1935 figures...................................................................................... 98-99
Number of operating banks:
A ll banks...........................................................................................................1 0 0 ,1 0 5 -1 2
A ll commercial banks.................................................................4 6 ,1 0 0 ,1 0 2 ,1 0 5 -1 7
A ll mutual savings banks..............................................1 0 1 ,1 0 4 -1 3 ,1 1 8 -1 9 ,1 3 5
B y amount of deposits......................................................................................... 66, 76
By class of bank.................................................................................... 6 8 ,1 0 0 ,1 0 5 -1 3
By number of commercial banking offices in center in which
located .............................................................................................
123
B y population of center in which located................................................ 122-23
B y States and possessions................................................................... 68, 7 6 ,1 0 5 -1 1
B y type o f office.............................................................................................1 0 5 -1 1 ,1 2 3
Changes during 1936......................................................................................4 5 ,1 0 2 -0 4
Classification ............................................................................................................ 97-99
Insured commercial banks:
Call dates, 1934-36..................................................................................
136




214

FEDERAL DEPOSIT INSURANCE CORPORATION
Page

Number of operating banks:— Continued.
Changes during 1936...............................................................4 4 -4 6 ,1 0 2 -0 3
December 31, 1935, and December 31, 1936........................... 1 0 0,102
December 31, 1935, June 30, 1936, and December 31, 1936
134
December 31, 1936................................................................... 1 0 5 -1 7 ,1 2 2 -2 3
For which earnings statements are tabulated.........................164-65
May 13, 1936............................................................................................... 6 6 ,68
Revision of 1935 figures......................................................................
98
Insured commercial banks not members of the Federal Reserve
System :
Call dates, 1934-36..................................................................................
139
Changes during 1936...............................................................................102-03
December 31, 1935, and December 31, 1936........................... 100,10 2
December 31, 1936................................................................................... 105-13
Examined during 1936........................................................................ 148-49
M ay 13, 1936...............................................................................................
68
Operating throughout 1936.........................57, 58, 5 9 ,1 8 6 ,1 8 7 , 188-89
Revision of 1935 figures......................................................................
98
Insured mutual savings banks:
Changes during 1936...............................................................................
104
December 31, 1935, and December 31, 1936........................... 101,104
December 31, 1935, June 30, 1936, and December 31, 1936
135
December 31, 1936................................................................. 1 0 5 -1 3 ,1 1 8 -1 9
M ay 13, 1936...............................................................................................
76
Noninsured banks:
December 31, 1935, and December 31, 1936............... 4 5 -4 6 ,1 0 0 -0 4
December 31, 1935, June 30, 1936, and
December 31, 1936...................................................................134,135
December 31, 1936................................................................................... 105-19
Revision of 1935 figures...................................................................................... 98-99
Suspending operations, insured and noninsured, 1934-36..................190-92
Unit banks......................................................................................1 0 0 ,1 0 1 ,1 0 5 -1 1 ,1 2 3
Officers and employees of the Federal Deposit Insurance Corporation.... 33-34
Operating banks. See Number of operating banks.
Operations of the Federal Deposit Insurance Corporation...........................
7 -39
Participation in deposit insurance............................................................................... 4 5 -4 7
Payments to depositors in closed insured banks. See Receivership,
insured banks placed in.
Postal savings deposits. See Deposits.
Postal savings system, accounts in insured banks..........................................
72
Preferred deposits. See Deposits.
Preferred stock. See Capital of banks.
Profits. S ee Earnings, expenses, and disposition of profits.
Protection to depositors. See Insured deposits; Preferred and secured
deposits.
Public funds. See Deposits.
Purchase of assets. See Loans to insolvent insured banks.
Receivership, insured banks placed in:
A ssets and liabilities of, at date of suspension, 1934-36..................194-97
By class of bank...................................................................................................... 190-93
Deposits:
Insured, otherwise protected, paid and unpaid............... 8, 9, 200-01
Insured, secured, preferred, subject to offset........ 198-99, 200-01
O f banks grouped by class, by amount of deposits and
by States......................................................................................... 19 0-92
Uninsured, unsecured, not preferred and not subject to
offset ................................................................................................ 198-99
Depositors:
Date of first payment to.....................................................................
193
Number fully protected, paid and unpaid..............................8, 200-01
Payments to....................................................................................... 8 -9 , 200-01
Liquidation of assets o f......................................................................................
12
Nam e and location of, during 1936...............................................................
193




INDEX

215
Page

Receivers, names o f........................................................................................ 1 2 -1 3 ,1 9 3
Recoveries by Corporation on subrogated claims against................
13
Year o f organization o f......................................................................................
193
Reconstruction Finance Corporation:
Investment in capital of banks:
Am ount ................................................................................... 26, 5 4 -5 5 ,1 6 2 -6 3
Retirements ................................................................................................
163
Loans to facilitate mergers and consolidations..................................... 10-11
Regulations and rulings:
Advertising by insured banks..................................................................... 31, 82 -8 6
Interest on deposits...........................................................................................31, 86-91
Payment of assessments by banks whose insured status has
terminated ................................................................................................... 31, 92
Savings and time deposits. See Deposits.
Savings bank defined...........................................................................................................
90
Secured deposits. See Deposits.
Securities. S ee Assets and liabilities of banks.
Sign, official, of the Federal Deposit Insurance Corporation for adver­
tising purposes..............................................................................
82
Sound banking situation, conditions for maintenance o f.............................. 38, 39
State banks members of the Federal Reserve System. See Insured
banks.
State banks not members of the Federal Reserve System. S ee Insured
banks; Noninsured banks.
State bank supervisory authorities, banks cited to....................................... 1 7 ,1 8
State legislation regarding deposit insurance...................................................... 3 2 -3 3
Substandard securities. See Assets, examiners’ analysis o f ; Banking
practices.
Supervision of banks ( see also Banking practices).......................................
23
Suspensions ......................................................................................... 8 ,1 2 ,1 6 , 45, 4 7 ,1 9 0 -9 2
Terminations of insurance:
For unsafe and unsound banking practices............................................... 16 -1 9
Number of ..........................................................................................................17, 24, 47
Uninsured deposits:
Assumption of by insured banks.................... ............................................... 29 -3 0
O f banks in receivership................................................................................9 ,1 9 8 -9 9
On M ay 13, 1936..................................................................................................... 65 -7 7
U nit banks. See Insured banks; Banks operating more than one office;
Deposits; Number of operating banking offices;
Number of operating banks.
United States Government obligations (see also Assets and liabilities
of banksj :
Held by banks, as a factor in growth o f deposits................................
49
Held by Federal Deposit Insurance Corporation................................
35
U nsafe and unsound banking practices:
Action of Corporation.................................................................................... 1 5 ,1 6 -1 7
Number of banks cited to supervisory authorities........................... 1 7 ,1 8
Types of, for which banks were cited.......................................................... 17-19
Unsecured deposits. See Receivership, insured banks placed in.
Violations of law or regulations ( see also Banking practices).................. 16 -1 8
Worthless assets.




( See also Assets, examiners’ analysis o f ) .................... 4 9 -5 0





Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102