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ANNUAL REPORT
OF THE

FEDERAL DEPOSIT INSURANCE CORPORATION




FOR THE YEAR ENDED
DECEMBER 31,1949




LETTER

OF

T R A N S M IT T A L

F e d e r a l D e p o s it In s u r a n c e C o r p o r a t io n

,

Washington D. COctober 17, 1950

SIRS: Pursuant to the provisions of section 17(a) of the Federal
Deposit Insurance Act, the Federal Deposit Insurance Corporation
has the honor to submit its annual report.
Respectfully,
M a p le T . H a r l,

T

he

P r e s id e n t P r o T

T

he

Speak er

of the




em pore

H

of th e

ouse of

R

Senate

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

Chairman




FEDERAL DEPOSIT INSURANCE CORPORATION

FEDERAL DEPOSIT INSURANCE CORPORATION
N

a t io n a l

P r e s s B u i l d in g — W

a s h in g t o n

25,

D.

C.

BOARD OF DIRECTORS
Chairman................................................................................ M a p l e

T. H arl

(H . E. C ook

Directors..............................................................................<
(P

reston

D

elano

OFFICIALS—OCTOBER 17, 1950
Secretary................................................................................. Miss E. F. Downey
Deputy to Chairman...............................................................Lyle L. Robertson
Assistant to Director...............................................................Albert G. Towers
Associate General Counsel......................................................Norris C. Bakke
Chief, Division of Examination............................. ...............Vance L. Sailor
Chiefy Division of Research and Statistics.............................Edison H. Cramer
Director of Personnel..............................................................Randolph Hughes
Chief, Service Division........................................................... Henry T. Ivey
Chief, Division of Liquidation...............................................Edward C. Tefft
Fiscal Agent............................................................................Walter F. Oakes
Chief, Audit Division.............................................................Mark A. Heck




V

D IST R IC T
D

is t .

N o.

S u p e r v is i n g
E x a m in e r

O FF IC E S

A ddress

States

i n d is t r ic t

Maine, New Hampshire,
Vermont, Massachusetts,
Rhode Island, Connecticut

1. Lundie W. Barlow

Room 1365, No. 10 Post
Square, Boston 9, Mass.

2. Neil G. Greensides

Room 1900, 14 Wall Street, New York, New Jersey,
Delaware, Puerto Rico,
New York 5, N. Y.
Virgin Islands

3. A. F. Shafer

City National Bank
Ohio, Pennsylvania
Building, 20 East Broad
Street, Columbus 15, Ohio

4. Robert N. McLeod

200 Bank of Virginia
Building, Fourth and
Grace Streets,
Richmond 19, Va.

District of Columbia, Mary­
land, Virginia, West Vir­
ginia, North Carolina,
South Carolina

5. John E. Freeman

625 First National Bank
Building, Atlanta 3, Ga.

Georgia, Florida, Alabama,
Mississippi

6. W. Clyde Roberts

1059 Arcade Building,
St. Louis 1, Mo.

Kentucky, Tennessee,
Missouri, Arkansas

7. Raby L. Hopkins

715 Tenney Building,
Madison 3, Wis.

Indiana, Michigan,
Wisconsin

8. Eugene R. Gover

741 Federal Reserve Bank
Building, 164 W. Jackson
Blvd., Chicago 4, 111.

9. Charles F. Alden

1200 Minnesota Building,
St. Paul 1, Minn.

10. Gerhard F. Roetzel 901 Federal Reserve Bank
Building, Kansas City 6,
Missouri
11. Linton J. Davis

Federal Reserve Bank
Building, Station K,
Dallas 13, Tex.

12. William P. Funsten Suite 1120, 315 Montgomery Street, San
Francisco 4, Calif.




Illinois, Iowa

Minnesota, North Dakota,
South Dakota, Montana
Nebraska, Kansas,
Oklahoma, Colorado,
Wyoming
Louisiana, Texas,
New Mexico, Arizona

Idaho, Utah, Nevada,
Washington, Oregon, California, Alaska, Hawaii

V ll







CONTENTS
Summary.........

...

Page
xix

PART ONE
OPERATIONS AND POLICIES OF THE CORPORATION
Deposit insurance protection..................................................................................
Supervisory activities..............................................................................................
Legal developments.................................................................................................
Organization and financial statements of the Corporation..................................

3
10
16
16

PART TWO
BANKING DEVELOPMENTS
Banks and branches.................................................................................................
Assets, deposits, and capital accounts...................................................................
Earnings of insured commercial banks..................................................................
Mutual savings banks.............................................................................................

27
29
39
49

PART THREE
DEPOSIT ACCOUNTS AND INSURANCE COVERAGE
Special calls for deposit information......................................................................
Accounts and insured deposits in all insured banks.............................................
Insurance protection under coverages for each account of $5,000, $10,000,
and $25,000, all insured banks............................................................................
Detailed tables: insured commercial banks and insured savings banks..............
Instructions and form..............................................................................................

57
59
72
80
110

PART FOUR
LEGISLATION
State banking legislation.........................................................................................

117

PART FIVE
STATISTICS OF BANKS AND DEPOSIT INSURANCE
Number, offices, and deposits of operating banks................................................ ......124
Assets and liabilities of operating banks......................................................................138
Examiners’ evaluation of insured commercial banks..................................................150
Earnings, expenses, and dividends of insured banks............................................ ......158
Deposit insurance disbursements........................................................................... ......186



ix

LIST OF CHARTS
Organization chart of the Federal Deposit Insurance Corporation....................
Map: Federal Deposit Insurance Corporation districts.......................................
A. (Map). Deposit insurance coverage, banks of deposit, December 31, 1949.
B. (Map). Percentage expansion of business and personal deposits, all banks,
December 31, 1945-1949..............................................................................
C. (Map). Percentage expansion of total loans, all banks, December 31, 19451949................................................................................................................
D. Banks grouped by ratio of total capital accounts to total assets, insured
commercial banks, December 31, 1949....................................................
E. Sources and disposition of total income, insured commercial banks, 1949.
F. Recoveries and charge-offs, insured commercial banks, 1934-1949..........
G. Disposition of net profits after taxes, insured commercial banks, 1935-1949
H. Comparison of profits retained in capital accounts with capital ratios and
rates of net profits, insured commercial banks in each State, 1 9 4 9 ....
I. Total and insured deposits, all insured banks, 1934-1949.........................
J. Proportion of accounts fully protected and deposits insured, all insured
banks, by size of bank, September 30, 1949............................................
K. Accounts fully protected and deposits insured with maximum coverages of
$5,000, $10,000, $25,000, and all deposits, all insured banks, September
30, 1949.........................................................................................................

Page
iv
vii
28
32
33
37
40
44
45
48
60
65
73

L I S T OF T A B L E S
PART ONE
OPERATIONS AND POLICIES OF THE CORPORATION
D

e p o s it

in s u r a n c e

p r o t e c t io n :

1. Losses to depositors and to the Federal Deposit Insurance Corporation
in insured banks in financial difficulties, by years, 1934-1949.................
2. Number of depositors, amount of deposits, recoveries, and losses in insured
banks placed in receivership or merged with the financial aid of the Cor­
poration, 1934-1949.....................................................................................
3. Payment of deposits by the Corporation and by receivers in insured banks
placed in receivership, 1934-1949 ...............................................................
4. Disbursements to protect depositors, recoveries, and losses by the Cor­
poration from insured banks placed in receivership or merged with its
financial aid, 1934-1949...............................................................................
5. Estimated losses compared with disbursements, and average estimated
loss per bank aided, by year of estimate, 1944-1949................................
S u p e r v is o r y

8
9
10

13
14
15

a n d f in a n c ia l s t a t e m e n t s of th e c o r p o r a t io n :

9. Officers and employees of the Federal Deposit Insurance Corporation,
December 31, 1949.......................................................................................
10. Income and expenses of the Federal Deposit Insurance Corporation,
calendar year 1949.......................................................................................
11. Income and expenses of the Federal Deposit Insurance Corporation since
beginning operations....................................................................................



7

a c t iv it ie s :

6. Actions to terminate insured status of banks charged with engaging in
unsafe or unsound practices or violations of law or regulations, 1936-1949
7. Actions by the Federal Deposit Insurance Corporation on applications
from banks for admission to insurance, 1935-1949...................................
8. Actions by the Federal Deposit Insurance Corporation on applications
for approval of establishment or continued operation of branches, 19351949 ...............................................................................................................
O r g a n i z a t io n

6

X

17
18
19

LIST OF TABLES

xi

Page
12. Assets and liabilities of the Federal Deposit Insurance Corporation,
December 3J, 1948, and December 31, 1949.................................................
13. Assets and liabilities of the Federal Deposit Insurance Corporation,
1934-1949..............................................................................................................
14. Financial statements of the Federal Deposit Insurance Corporation-—from
Auditors’ Report for year ended June 30, 1949...........................................

20
21
24

P A R T TW O
BA N K IN G DEVELOPM ENTS
B anks and branches :
15. Number and deposits of operating banks in the United States and posses­
sions, December 31, 1949..................................................................................
A ssets, deposits, and capital accounts:
16. Assets and liabilities of all banks in the United States and possessions,
December 31, 1949, 1948, and 1945................................................................
17. Deposits of all banks in the United States and possessions, by type of
deposit, June and December, 1945-1949........................................................
18. Principal types of loans of all banks in the United States and possessions,
December 31, 1945-1949....................................................................................
19. Agricultural and real estate loans of all banks in the United States and
possessions, December 31, 1945-1949..............................................................
20. Estimates of commercial bank loans guaranteed or insured by agencies
of the United States Government, December 31, 1947-1949...................
21. Other loans to individuals (consumer loans), insured commercial banks,
December 31, 1945-1949...................................................................................
22. Maturities of United States Government obligations held by insured
commercial banks, December 31, 1941-1949.................................................
23. Capital accounts of all commercial banks in the United States and posses­
sions, December 31, 1945-1949......................................................................
24. Substandard assets of insured commercial banks, examinations 1939 to
1949........................................................................................................................
E arnings of insured commercial banks :
25. Sources and disposition of total income, insured commercial banks, 1945
to 1949...................................................................................................................
26. Earnings, expenses, and profits of insured commercial banks, 1934-1949..
27. Selected operating ratios of insured commercial banks, 1945-1949...............
28. Use of reserve method of accounting for bad debt losses on loans by insured
commercial banks, 1948 and 1949................................................................
29. Comparison of selected ratios of insured commercial banks, by State, 1949.
M utual savings banks :
30. Number and deposits of all banks and mutual savings banks in States
having mutual savings banks, December 31, 1949...................................
31. Assets and liabilities of all mutual savings banks in the United States,
selected dates, 1945-1949...................................................................................
32. Maturities of United States Government obligations held by mutual
savings banks, December 31, 1947-1949......................................................
33. Number and deposits of insured and noninsured mutual savings banks,
December 31, 1949..............................................................................................
34. Amounts and average rates of income received and dividends paid by
insured mutual savings banks, 1934-1949......................................................

27

30
31
33
34
35
35
36
37
39

40
41
42
43
47

49
50
51
52
53

P A R T THREE
D EPO SIT ACCOUNTS AND INSURANCE CO VERAG E
Special calls for deposit information :
35. Comparison of deposits reported in the special survey and in reports of
condition, 1949
All insured banks, United States and possessions.......................................




58

FEDERAL DEPOSIT INSURANCE CORPORATION

xii

P age
A

ccounts

36.

and

in s u r e d

d e p o s it s

in

all

in s u r e d

banks:

E stim a te d insured deposits in all insured b an k s, June 3 0 and D e c e m b e r
3 1 ,1 9 3 4 - 1 9 4 9 .................................................................................................................................
A c c o u n ts an d deposits in all insured banks, special call dates, 1 9 3 4 - 1 9 4 9 ..

61
61

38.

N u m b e r o f insured b an ks, special call dates, 1 9 3 4 -1 9 4 9
All insured banks grouped by amount of deposits................................................

62

39.

A c c o u n ts in insured b an k s, special call dates, 1 9 3 6 -1 9 4 9
All insured banks grouped by amount of deposits................................................

62

40.

D e p o sits in insured b an k s, special call dates, 1 9 3 6 -1 9 4 9
All insured banks grouped by amount of deposits................................................

63

41.

Insu red deposits, special call dates, 1 9 3 6 -1 9 4 9

All insured banks grouped by amount of deposits................................................

64

42.

D e p o sit accounts fu lly protected b y insurance, special call dates, 1 9 3 6 -1 9 4 9
All insured banks grouped by amount of deposits................................................

64

43.

Proportions of deposits insured an d of accounts fu lly p rotected , special
call dates, 1 9 3 6 -1 9 4 9
All insured banks grouped by amount of deposits................................................

66

44.

A c c o u n ts an d deposits, all insured b an k s, S ep tem ber 3 0 , 1 949
Banks grouped by population of center in which located..................................

66

45.

N u m b e r of deposit accounts b y ty p e , all insured b an k s, 1 9 3 6 -1 9 4 9 ................

67

46.

A m o u n t of deposits b y ty p e , all insured banks, 1 9 3 6 -1 9 4 9 ...................................

68

47.

A v erage size of account b y ty p e , all insured banks, 1 9 3 6 -1 9 4 9 ..........................

68

48.

D istrib u tion of insured bank s and their accounts and deposits b y class
of bank , S ep tem ber 30 , 1 9 4 9 ...............................................................................................

69

49.

N u m b e r of accounts in insured com m ercial banks on special call dates,
1 9 3 4 -1 9 4 9
Grouped by size of account.................................................................................................

69

50.

D e p osits in insured com m ercial banks, special call dates, 19 3 4 to 1949
Accounts grouped by size....................................................................................................

70

51.

D istrib u tion of deposits in insured com m ercial banks according to typ e
of deposit, Septem ber 3 0 , 1949

52.

A ccou n ts and deposits in insured m u tu al savings banks, special call dates,
1949 and 1945

37.

Banks grouped by amount of deposits.......................................................
Grouped by size of account........................................................................
I n s u r a n c e p r o t e c t io n u n d e r c o v e r a g e s
$ 1 0 ,0 0 0 , AND $ 2 5 ,0 0 0 , ALL INSURED BANKS:

for

each

account

of

71

71

$ 5 ,0 0 0 ,

53.

A ccou n ts fu lly and partially protected w ith m axim u m coverages per ac­
count of $ 5 ,0 0 0 , $ 1 0 ,0 0 0 , and $ 2 5 ,0 0 0 , all insured banks, 1 9 3 4 -1 9 4 9 ..........

74

54.

Insured and uninsured deposits w ith m axim u m coverages per account
of $ 5 ,0 0 0 , $ 1 0 ,0 0 0 , and $ 2 5 ,0 0 0 , all insured banks, 1 9 3 4 -1 9 4 9 .......................

74

55.

A c c o u n ts fu lly protected w ith m a x im u m coverages per accou n t o f $ 5 ,0 0 0 ,
$ 1 0 ,0 0 0 , and $ 2 5 ,0 0 0 , Septem ber 3 0 , 1 949
All insured banks grouped by amount of deposits................................................

75

56.

A m o u n t of deposits insured w ith m a x im u m coverages per accou n t of
$ 5 ,0 0 0 , $ 1 0 ,0 0 0 , and $ 2 5 ,0 0 0 , S ep tem ber 3 0 , 1949
All insured banks grouped by amount of deposits................................................

75

57.

D e p o sits insured w ith m a x im u m coverages per accou n t o f $ 5 ,0 0 0 , $ 1 0 ,0 0 0 ,
an d $ 2 5 ,0 0 0 , Septem ber 3 0 , 1 9 4 9 .....................................................................................

58.

A c c o u n ts fu lly protected w ith m a x im u m coverages per accou n t of $ 5 ,0 0 0 ,
$ 1 0 ,0 0 0 , and $ 2 5 ,0 0 0 , all insured banks, S ep tem ber 3 0 , 1 9 4 9 .......................

59.

D e p o sits insured w ith m a x im u m coverages per accou n t o f $ 5 ,0 0 0 , $ 1 0 ,0 0 0 ,
an d $ 2 5 ,0 0 0 , all insured banks, Septem ber 3 0 , 194 9
Accounts grouped by type of deposit.............................................................................

60.

E ffe c t of increased insurance coverage on insured d eposits, S ep tem b er 3 0 ,

All insured banks grouped by population of center in which located
Accounts grouped by type of deposit

76

77

78

1949

Insured commercial banks grouped by percent of deposits insured under
$5,000 per account.................................................................................................................




79

LIST OF TABLES

D

xiii

e t a i l e d t a b l e s : d i s t r i b u t io n o f a c c o u n t s o f i n s u r e d c o m m e r c ia l b a n k s

ACCORDING TO SIZE OF ACCOUNT

61. Distribution of accounts according to size, insured commercial banks,
September 30, 1949
Banks grouped by Federal Deposit Insurance Corporation district
and State................................................................................................
62. Distribution of accounts according to size, insured commercial banks,
September 30, 1949
Banks grouped by amount of deposits, population of center in which
located, percent of deposits insured, and class; and accounts grouped
by type. . ...............................................................................................
63. Distribution of demand accounts of individuals, partnerships, and cor­
porations, according to size of account, insured commercial banks, Sep­
tember 30, 1949
Banks grouped by Federal Deposit Insurance Corporation district
and State................................................................................................
64. Distribution of savings and time accounts of individuals, partnerships,
and corporations, according to size of account, insured commercial
banks, September 30, 1949
Banks grouped by Federal Deposit Insurance Corporation district
and State................................................................................................
65. Distribution of demand accounts of individuals, partnerships, and cor­
porations, according to size, insured commercial banks, September
30, 1949
Banks grouped by amount of deposits.......................................................
66. Distribution of savings and time accounts of individuals, partnerships and
corporations, according to size, insured commercial banks, September
30, 1949
Banks grouped by amount of deposits.......................................................
D

80

82

84

86

88

89

e t a i l e d t a b l e s : d i s t r i b u t io n o f d e p o s it s i n i n s u r e d c o m m e r c ia l b a n k s
a c c o r d in g t o s iz e o f a c c o u n t

67. Distribution of deposits according to size of account, insured commercial
banks, September 30, 1949
Banks grouped by Federal Deposit Insurance Corporation district
and State................................................................................................
68. Distribution of deposits according to size of account, insured commercial
banks, September 30, 1949
Banks grouped by amount of deposits, population of center in which
located, percent of deposits insured, and class; and accounts grouped
by type...................................................................................................
69. Distribution of demand deposits of individuals, partnerships, and cor­
porations, according to size of account, insured commercial banks,
September 30, 1949
Banks grouped by Federal Deposit Insurance Corporation district
and State................................................................................................
70. Distribution of savings and time deposits of individuals, partnerships,
and corporations, according to size of account, insured commercial
banks, September 30, 1949
Banks grouped by Federal Deposit Insurance Corporation district
and State................................................................................................
71. Distribution of demand deposits of individuals, partnerships, and cor­
porations, according to size of account, insured commercial banks,
September 30, 1949.....................................................................................
Banks grouped by amount of deposits
72. Distribution of savings and time deposits of individuals, partnerships, and
corporations, according to size of account, insured commercial banks,
September 30, 1949
Banks grouped by amount of deposits.......................................................




90

92

94-

9fr

98

99

x iv

FEDERAL DEPOSIT INSURANCE CORPORATION

Page
D

e t a il e d

tables:

a c c o u n t , in s u r e d

d i s t r i b u t io n

of

accounts

and

d e p o s it s

by

s iz e

of

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

73. Distribution of accounts according to size, insured mutual savings banks,
September 30, 1949
Banks grouped by Federal Deposit Insurance Corporation district.
State, amount of deposits, and population of center; and accounts
grouped by type.....................................................................................
74. Distribution of deposits according to size of account, insured mutual
savings banks, September 30, 1949
Banks grouped by Federal Deposit Insurance Corporation district,
State, amount of deposits, and population of center; and accounts
grouped by type......................................................................... ...........
D

e t a il e d t a b l e s : a c c o u n ts f u l l y p ro tec ted a n d

d e p o s it s i n s u r e d

100

102

w it h

s p e c if ie d a m o u n t s o f m a x im u m c o v e r a g e

75. Accounts fully protected and deposits insured with specified amounts of
maximum coverage, insured commercial banks, September 30 „ 1949
Banks grouped by Federal Deposit Insurance Corporation district
and State...................................................................................... .........
76. Accounts fully protected and deposits insured with specified amounts
of maximum coverage, insured commercial banks, September 30, 1949
Banks grouped by amount of deposits, population of center in which
located, percent of deposits insured, and class; and accounts grouped
by type...................................................................................................
77. Accounts fully protected and deposits insured with specified amounts of
maximum coverage, insured mutual savings banks, September 30, 1949
Banks grouped by Federal Deposit Insurance Corporation district,
State, amount of deposits, and population of center in which located;
and accounts grouped by type................................................................

104

106

108

PART FIVE
STATISTICS OF BANKS AND DEPOSIT INSURANCE

INu m b e r , o f f ic e s , a n d d e p o s it s o f o p e r a t in g b a n k s :
Explanatory note......................................................................................................
101. Changes in number and classification of operating banks and branches
in the United States and possessions during 1949.................................
102. Number of operating banks and branches, December 31, 1949
Grouped according to insurance status and class of bank, and by State
and type of office...................................................................................
103. Number and deposits of operating banks, December 31, 1949
Banks grouped according to insurance status and by district and State..
A ssets

124
126

128
136

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 :

Explanatory note......................................................................................................
104. Assets and liabilities of operating banks in the United States and posses­
sions, June 30, 1949
Banks grouped according to insurance status and type of bank.............
105. Assets and liabilities of operating banks in the United States and posses­
sions, December 31, 1949
Banks grouped according to insurance status and type of bank.............
106. Assets and liabilities of all operating banks in the United States and
possessions, December 31, 1949
Banks grouped by district and State........................................................
107. Assets and liabilities of operating insured banks, December 31, 1949,
June 30, 1949, and December 31, 1948.....................................................



138

140

142

144
146

LIST OF TABLES

XV
P ag e

E x a m in e r s ’

e v a l u a t i o n o f i n s u r e d c o m m e r c ia l b a n k s :

E x p la n a to ry n o t e .......................................................................................................................................

15 0

108.

E xa m in e rs’ appraisal o f assets, liabilities, an d capital o f insured com ­
m ercial b an ks exam ined in 1 9 4 1 -1 9 4 9 .........................................................................

152

109.

E x a m in e rs’ appraisal of assets, liabilities, an d capital of insured com ­
m ercial banks exam in ed in 1949
Banks grouped according to amount of deposits..................................................

154

110.

E xa m in ers’ appraisal of assets, liabilities, an d capital of insured com ­
m ercial banks exam ined in 1949

Banks grouped by Federal Deposit Insurance Corporation district and
State........................................................................................................................................
E a r n in g s ,

156

e x p e n s e s , a n d d iv id e n d s o f in s u r e d b a n k s :

E xp la n a to ry n o t e .......................................................................................................................................

158

111.

Earnings, expenses, and dividends of insured com m ercial banks, 1 9 4 1 -1 9 4 9

16 0

1 12.

R a tio s of earnings, expenses, and dividends of insured com m ercial banks,
1 9 4 1 -1 9 4 9 ......................................................................................................................................

162

113.

Earnings, expenses, an d dividends of insured com m ercial bank s, 194 9
By class of bank....................................................................................................................

16 4

1 14.

R a tio s of earnings, expenses, and dividends of insured com m ercial banks,
1949
By class of bank....................................................................................................................

166

115.

E arnings, expenses, and dividends o f insured com m ercial banks operating
through out 1949
Banks grouped according to amount of deposits..................................................

168

116.

R a tio s of earnings, expenses, an d dividends of insured com m ercial bank s
operating through out 1949
Banks grouped according to amount of deposits..................................................

170

11 7 .

E arnings, expenses, an d dividends of insured com m ercial bank s, b y
S tate, 1 9 4 9 ...................................................................................................................................

172

1 18.

Earnings, expenses, and dividends of insured m u tu al savings bank s,
1 9 4 1 -1 9 4 9 ......................................................................................................................................

182

11 9 .

R a tio s of earnings, expenses, and dividends o f insured m u tu al savings
banks, 1 9 4 1 -1 9 4 9 ......................................................................................................................

184

D

e p o s it i n s u r a n c e d i s b u r s e m e n t s :

E x p la n a to ry n o t e .......................................................................................................................................
120.

1 86

D isb u rsem en ts b y the Federal D e p o sit Insurance C orporation to p rotect
depositors; num ber of banks, deposits of, and num ber of depositors in
insured bank s placed in receivership or m erged w ith the financial aid
of the Corporation, 1 9 3 4 -1 9 4 9

Banks grouped by class of banky year of receivership or merger, amount
of deposits, and State....................................................................................................

18 8

12 1 .

A ssets and liabilities of insured banks placed in receivership and of insured
bank s m erged w ith the financial aid of the F ederal D e p o sit Insurance
C orporation, 1 9 3 4 -1 9 4 9
.As shoivn by books of bank at date of closing.......................................................

19 0

122.

N a m e , location , Federal D e p o sit Insu rance C orporation disbursem ent,
and assets and liabilities o f insured banks m erged w ith the financial
aid of the C orporation during 1 9 4 9 ...........................................................................

191

123.

R ecoveries and losses b y the F ederal D e p o sit Insu rance C orp oration
in connection w ith insured b anks placed in receivership or m erged
w ith the financial aid of the C orporation, 1 9 3 4 -1 9 4 9
As shown by books of FDICt December 31, 1949...............................................

192










SUMMARY




Sum m ary

During 1949 the Federal Deposit Insurance Corporation disbursed
$3 million to protect depositors in four insured banks in financial difficul­
ties. Total disbursements of the Corporation for this purpose during
its 17 years of operation were $315 million, extended to protect the de­
positors of 411 insured banks. The difficulties of all four banks aided
during 1949 were attributed to defalcations by officers or employees.
(Pp. 3 and 5-6).
In 1949 proceedings were initiated against one insured bank for en­
gaging in unsafe and unsound banking practices. Since 1935 a total of
142 banks have been charged with engaging in such practices. In about
one-fourth of these cases the banks have corrected the practices; in the
remaining cases the banks have suspended operations or have been
absorbed or succeeded by other banks. (Pp. 12 and 13).
The surplus of the Corporation, which is the reserve fund available
for deposit insurance purposes, amounted to $1.2 billion at the end of
1949. This is about three-fourths of 1 percent of the deposits in insured
banks. (Pp. 19 and 20).
Bank assets and deposits showed a moderate growth in 1949 of 3
percent and 2 percent respectively. During the four-year period between
the end of 1945 and 1949 business and personal deposits expanded by
15 percent. Bank loans expanded by about two-thirds during the same
period, and marked changes occurred in the composition of the loan
portfolios of the banks. At the end of 1949 real estate loans were 36
percent of all loans, commercial and industrial loans 34 percent, and
other loans to individuals 16 percent. (Pp. 29-33).
Over two-fifths of all insured commercial banks hold valuation reserves
against loans, a practice which was stimulated by a ruling by the Com­
missioner of Internal Revenue in 1947 permitting banks to accumulate
limited amounts of tax-free reserves for bad-debt losses on loans. At
the close of 1949 all insured commercial banks held $0.5 billion in reserve
accounts against loans, of which about one-third had been placed in
those accounts during the year. (P. 43).
On September 30, 1949, insured banks held 104 million deposit ac­
counts, of which 96 percent had balances of $5,000 or less. More than
one-half of the remaining accounts had balances of less than $10,000.
The amount of deposits insured under the $5,000 limitation per depositor




xix

XX

Summary

was estimated at $75 billion, or 49 percent of total deposits. It was
estimated that expansion of this protection from $5,000 to $10,000 per
depositor would add $12 billion to the amount of deposits insured by
the Corporation; and that extension of coverage to $25,000 per depositor
would increase the amount of insured deposits by an additional $12
billion. (Pp. 59-73).




PART ONE
OPERATIONS AND POLICIES OF THE CORPORATION







D eposit I nsurance P rotection

For more than five years the Federal Deposit Insurance Corporation
has been entirely successful in protecting all deposits in insured banks.
The last receivership of an insured bank was in May 1944. This record of
safety for depositors is without parallel in the history of American
banking.
During 1949 the Federal Deposit Insurance Corporation protected
the depositors of four insured banks which were in financial difficulties.
Each of these banks was merged with another insured bank in the same
area, and no interruption to banking services occurred. Depositors in
these banks had balances aggregating $5 million. The Corporation
advanced about $2.5 million which, with the acceptable assets taken
over by the absorbing banks, fully covered the liabilities assumed.
Methods of protecting depositors. Under the Federal deposit
insurance law the Corporation protects depositors in several different
ways. When a bank is closed because of inability to meet the demands
of its depositors, the Corporation pays depositors up to a maximum of
$5,000 each. Furthermore, the Corporation has authority, under certain
conditions specified in the law, to protect depositors by making advances
to an insured bank in difficulty to facilitate its merger or consolidation
with another insured bank, or to facilitate the purchase of its assets and
assumption of its deposits by another insured bank. In the following
discussion and statistical tabulations all such mergers, consolidations,
and assumptions of deposits are referred to as “ mergers” .
The protection of depositors by means of cash advances to facilitate
mergers is accomplished by the transfer of all of the deposits of the weak
bank to a sound insured bank. These transferred deposits are available
in full on demand in the assuming bank. The advantages of this method
of protecting depositors are many. In addition to the complete protection
of depositors, the disruption, confusion, and heavy losses which usually
follow a bank receivership are avoided, and banking services in the
community are maintained without interruption.
During the early days of Federal deposit insurance, most of the banks
in financial difficulty were closed and placed in receivership, and in
such cases the Corporation made cash payments directly to depositors
up to the insured maximum. As time went by, the disruptive effects of
receivership were more clearly perceived when compared with the
advantages of the merger method of depositor protection. Consequently,
the Corporation, the State banking authorities, and the Comptroller of
the Currency sought to avoid receiverships of banks in difficulty and to




3

4

FEDERAL DEPOSIT INSURANCE CORPORATION

assist such institutions in making application to the Corporation for
advances of cash to facilitate mergers. This development gained mo­
mentum as cooperative working arrangements were established between
the State authorities and the Corporation. The fact that no insured
bank has been placed in receivership since 1944 testifies to the vast
improvement in these relationships and to the effectiveness of the co­
operation between the Corporation and the other bank supervising
authorities, State and national.
The Federal Deposit Insurance Corporation by adopting the policy
of making advances to banks in financial difficulties to facilitate a merger
has achieved a major advance in the stabilization of the banking system.
The results of this policy have had a strong, continuing reciprocal effect—
the stability inspiring confidence and the confidence producing stability.
At first when advances were made by the Corporation to facilitate
merger transactions, they were in the form of loans secured by the assets
of the distressed bank not acceptable for acquisition by the assuming
bank. These assets were liquidated by the Corporation in an orderly
manner and over such period of time as was required to realize the maxi­
mum recovery. Up until the early part of 1940, practically all of the
advances in aid of mergers were in the form of loans secured by unac­
ceptable assets. Since the Corporation did not have title to the assets
received as security for these loans, it became necessary in some cases to
engage in considerable legal process to effect their liquidation. The results
were added costs of liquidation and many delays. Because of these
undesirable features in the loan arrangement, much study was devoted
to alternative plans for making such advances.
This led to the third development in the evolution of the Federal
Deposit Insurance Corporation’s program for protecting bank deposi­
tors—the making of an advance to a bank in difficulties in the form of a
purchase of assets. The only difference between the loan and asset
purchase methods is the nature of the Corporation’s title to the assets
it receives from the bank in connection with the advance. In the case
of a loan, such assets are held as collateral security. In an asset purchase,
the Corporation becomes the owner of such assets. The asset purchase
method is arranged so that if the assets purchased are liquidated for an
amount in excess of the advance, expenses incident to liquidation, and
a return equivalent to 4 percent on the advance, the excess recovery is
paid to the selling bank as an additional cash purchase price. By this
means the Corporation obtains absolute and unqualified title to the
assets it receives from the distressed bank. Accordingly, liquidation of
such assets is less cumbersome and more economical. Moreover, since
the net cash excess recoveries are paid to the bank as an additional cash
purchase price, the lower cost of liquidation of the assets under the asset
purchase method redounds to the benefit of the bank’s stockholders.



DEPOSIT INSURANCE PROTECTION

5

A fourth development in depositor protection provided by the Federal
Deposit Insurance Corporation is in fact an outgrowth of the success
of the Corporation in stabilizing the banking system and engendering
the confidence of the depositors in banks. Because this confidence is
universal, banks in financial difficulties in recent years are spared the
pressures resulting from panic behavior of depositors. In this favorable
atmosphere the Corporation and the other bank supervisory agencies are
now able to assist a bank in financial difficulties to negotiate a merger or
sale to another bank or to effect a recapitalization or rehabilitation with
the assistance of its stockholders or other interested persons in the
community. When such negotiations are successful, depositors are pro­
tected in full without financial assistance from the Corporation and
part or all of the stockholders’ equity in the bank may be preserved.
This newest method of protecting depositors represents a far-reaching
improvement. Its importance is highlighted by the fact that it is basically
a mutual self-help arrangement which is so vital to the preservation of
the American free enterprise dual banking system. By encouraging and
sponsoring the use of this method of protecting depositors, the Corporation
believes it is fulfilling in the highest degree the ultimate purposes of
Federal deposit insurance.
Aid to insured banks for protection of depositors, 1949. The four
banks merged in 1949 had 5,660 accounts with deposits aggregating
$4,977,235. To protect these deposits the Corporation disbursed
$2,551,585, exclusive of expenses of $80,104 incurred in handling and
protecting the assets acquired by the Corporation.
The financial difficulties of all four banks aided during 1949 were
directly attributable to defalcations by officers or employees of the
banks. The sum of the defalcations was over $900,000, of which only
about one-fourth was covered by fidelity insurance. The Federal Deposit
Insurance Corporation continues to stress strongly the need for adequate
safeguards and constant vigilance on the part of bank directors to prevent
defalcations.
In another case the Corporation assisted in arrangements whereby
an insured bank which was in financial difficulties was taken over by a
stronger insured bank without direct financial aid by the Corporation.
The absorbed bank, which had deposits of $1,200,000, has been converted
into a branch of the absorbing bank. This procedure prevented any loss
or delay in banking services to the depositors.
Aid to insured banks for protection of depositors, 1934-1949.
During the 16-year period of its operation the Corporation has made
disbursements in 411 insured banks. These banks had 1,348,000 deposit
accounts, totaling $528 million. Disbursements amounted to $270 million,
exclusive of advances for the protection and maintenance of collateral,



6

FEDERAL DEPOSIT INSURANCE CORPORATION

liquidation expenses, and the cost of assets purchased from receivers of
closed banks. Including such advances and expenses, the Corporation’s
disbursements were $315 million. The number of depositors and their
losses, together with the estimated loss of the Corporation, during each
of the 16 years, are given in Table 1.
T a b le I .

L osses

to

C o r p o r a t io n

D
in

e p o s it o r s a n d

by

Year

to

I nsured B an k s

Number
of
banks

Y

ears,

Number
of
depositors1

the
in

F ederal D

F in a n c ia l D

e p o s it

I n surance

if f ic u l t ie s ,

1934-1949
Amount
of
deposits
(in thousands)

Losses
to
depositors2
(in thousands)

Losses
to
FD IC3
(In thousands)

$1,870

$25,490

1934-1949..........................

411

1,347,948

$527,655

1949................................
1948................................
1947................................
1946................................

4
3
5
1

5,660
18,311
10,618
1,404

4,977
10,455
6,966
316

1945................................
1944................................
1943................................
1942................................

1
2
5
20

12,484
5,488
27,372
60,602

5,695
1,915
12,535
19,011

3
18
5

37
123
683

1941................................
1940................................
1939................................
1938................................

15
43
60
74

73,046
256,373
392,765
203,970

29,721
142,389
157,790
59,724

69
31
989
40

621
3,785
7,483
2,431

1937................................
1936................................
1935................................
1934................................

75
69
25
9

130,409
89,024
44,655
15,767

33,345
27,528
13,320
1,968

110
171
415
19

3,579
2,415
2,732
207

505
775
114

1 Number of depositors in receivership cases; number of deposit accounts in merger cases.
2 Excludes unclaimed deposits on which insurance has been terminated or the claims barred by
statute of limitations.
3 Sum of losses in the cases in which the disbursement by the Corporation to protect depositors was
not repaid in full. Excludes interest or gains in cases in which the disbursement by the Corporation was
fully recovered and gains or losses on assets purchased by the Corporation from receivers of closed
banks. For the net loss of the Corporation, see the item, “ Losses incurred and reserves for losses,” in
note 1 to Table 12, p. 20.
Detailed data: see Tables 120-123, pp. 188-92.

During this period, 245 insured banks were placed in receivership and
166 insured banks were merged with other insured banks with the aid
of the Corporation. In the receiverships, 325,460 out of 382,764 depositors
were paid in full. In the mergers, none of the 965,184 depositors ex­
perienced any loss, as all deposit liabilities were assumed by the absorbing
banks. The depositors in the banks merged comprised 72 percent of all
depositors in insured banks aided by the Corporation. Together with
depositors in receiverships who were paid in full, 96 percent of all de­
positors will suffer no loss. In amounts, recoveries to depositors are
estimated to be $107,285,000 in receiverships and $418,052,000 in mergers,
or a total of 99.6 percent of all deposits in those banks. Further details
are given in Table 2.
The Corporation’s disbursements to insured depositors in receiverships
were $87,044,000; in addition, $21,000 has been set aside for unproven
claims. This figure is slightly less than was previously reported due to



7

DEPOSIT INSURANCE PROTECTION

final determination of unproven depositor claims, which had been
carried as insured deposits by the Corporation pending such determina­
tion. In mergers, the Corporation has made principal disbursements of
$182,917,000.
T a b le 2 .
L osses

N
in

umber

of

D

e p o s it o r s ,

A mount

I n su r e d B a n k s P laced

the

F i n a n c i a l A id

of

in

th e

Item

of

D

e p o s it s ,

R e c e iv e r s h ip

R e c o v e r ie s ,

or

M

erged

and

w it h

C o r p o r a t i o n , 1 9 3 4 -1 9 4 9
Banks placed
in
receivership

Total

245

Banks merged
with financial
aid of FDIC
166

Number of banks.............................................................

411

Num ber of depositors.................................................

1,347,948

382,7641

965,184

1,290,644
2,509

325,460
2,509

965,184

Estimated number with no loss...............................
Estimated number with some loss2.........................
Estimated number with claims barred by termina­
tion of insurance or receivership3........................

54,795

54,795

A m ount of deposits (in thousands).........................

$527,655

$109,603

$418,052

Estimated recovery by depositors...........................
Estimated loss by depositors....................................
Insurance terminated or claims barred. ...............

525,337
1,870
448

107,285
1,870
448

418,052

Disbursement by FDIC (in thousands)4................

$269,961

$ 87,044

$182,917

Estimated loss to FDIC (in thousands)6..............

$ 25,490

$ 14,454

$ 11,036

1 During the year 2 claims previously unsettled were found to be invalid.
2 1,502 depositors will lose an estimated $1,828,000 in accounts which exceeded the limit of $5,000
insurance and were not otherwise protected, and 1,007 depositors will lose about $42,000 in accounts
which had been restricted or deferred prior to 1934, or were otherwise ineligible for insurance protection.
3 Of these 54,795 claims, it is estimated that 4,110 will be fully paid or held in trust, and 4,573 will
be partially paid.
* Excludes advances for the protection and maintenance of collateral, liquidation expenses, and
the cost of assets purchased from receivers of closed banks. Also excluded is $21,000 set aside for pay­
ment of depositor’s claims not yet proven in the receivership cases. For the amount of disbursements
including these items, see note 1 to Table 12, p. 20.
6See note 3 to Table 1.
Detailed data: see Table 120-123, pp. 188-92.

Receiverships. Of the 245 insured banks placed in receivership, all
but 15 have been fully liquidated. The Corporation is receiver for two
of the banks still in process of liquidation. These are national banks
which had total deposits of $5 million. It is estimated that no loss will
be suffered by depositors or by the Corporation in these two cases. In
the 13 State banks still in receivership, the Corporation is not the receiver.
These banks had deposits aggregating $36 million at the time of failuie.
Through the State banking authorities, the Corporation obtains informa­
tion on the results of liquidation of these banks from periodic reports
by the receivers or liquidators. It is nowrestimated that losses to depositors
in these banks will amount to $1 million and to the Corporation nearly
$5 million.
Three receiverships were terminated during the year. Deposits in
these were $3 million, of which only $20,000 were lost by depositors who
had accounts in excess of $5,000. The loss to the Corporation in these
cases was $312,000.



8

FEDERAL DEPOSIT INSURANCE CORPORATION

Since 1934, the Corporation has disbursed $87,044,000 to insured
depositors, and there remains $21,000 in unproven claims. Losses to the
Corporation are expected to amount to $14,454,000 or 17 percent of
disbursements. Those to depositors will be only 2 percent of their deposits.
Details of deposits are presented in Table 3.
Table 3.

Paym ent
in

of

D

e p o s it s b y

I n su r e d B a n k s P laced

the
in

C o r p o r a t io n

R e c e iv e r s h ip ,

and

by

R e c e iv e r s

1934-1949

(In thousands)

Status of deposits

Paid by
Dec. 31,
1949

Total

Unpaid on
Dec. 31,
1949

Deposits— to ta l..............................................................................

$109,603

$107,263

$2,340

Insured...........................................................................................
Secured, preferred, and subject to offset...............................
In excess of $5,000, not otherwise protected........................
Other uninsured............................................................................
Insurance terminated or claims barred1.................................

87,065
11,419
9,685
936
498

87,044
11,418
7,857
894
50

21
1
1,828
42
448

Deposits, terminated receiverships, (230 banks)— total
Insured...........................................................................................
Secured, preferred, and subject to offset...............................
In excess of $5,000, not otherwise protected........................
Other uninsured............................................................................
Insurance terminated or claims barred1.................................

68,466
54,299
8,348
4,708
936
175

67,449
54,299
8,348
3,858
894
50

1,017

Deposits, active receiverships, (15 banks)— to ta l............
Insured...........................................................................................
Secured, preferred, and subject to offset...............................
In excess of $5,000, not otherwise protected........................
Other uninsured............................................................................
Insurance terminated or claims barred..................................

41,137
32,766
3,071
4,977

39,814
32,745
3,070
3,999

1,323
21
1
978

323

850
42
125

323

1 In a few cases payments have been made by receivers on deposits on which insurance had termi­
nated either directly or into a trust to meet claims presented after termination or receivership.

In order to reduce liquidation expenses and expedite payment of
creditors’ claims in receiverships, the Federal Deposit Insurance Cor­
poration in several cases has purchased at public sale the residue of
assets in the hands of receivers. By the end of 1949 the Corporation had
disbursed $1.2 million to purchase such assets from 71 banks in re­
ceivership.
Mergers. In all four cases which required the financial aid of the
Corporation during 1949, other insured banks were interested in assuming
their deposit liabilities and acquiring a part of their assets. The remaining
assets were purchased by the Corporation. Many of these may subse­
quently prove to be sound with full recovery, but at the time of the
merger were considered undesirable for bank investment.
By the end of 1949, 166 insured banks with deposits of $418,052,000
were merged with the aid of the Corporation. Disbursements amounted
to $182,917,000. The assets acquired from these banks have been liqui­
dated in 122 cases; liquidation was still in progress in the remaining
44 cases.



9

DEPOSIT INSURANCE PROTECTION

Assets acquired by the Corporation, in the case of an insured bank
merged with the aid of the Corporation, are those not acceptable to the
absorbing bank. Such assets, which are purchased or taken as collateral
for a loan by the Corporation, are liquidated in such a manner and during
such period as may be required, as determined by the Corporation, to
provide the largest recovery. In this way liquidation losses have been
substantially smaller than would have been the case with rapid liquida­
tion. In cases where the Corporation recovers more than the full amount
of its investment plus advances, expenses, and an allowable return on
its investment, the excess is delivered to the banks’ legal equityholders.
Recoveries and losses to the Corporation. By December 31, 1949,
the Corporation had recovered nearly $242 million of its $270 million
disbursements in receiverships and mergers, and expected to recover an
additional $3 million from liquidations not yet terminated. Table 4
summarizes the Corporation’s disbursements and its recoveries and losses
in the two groups of cases.
T a b le 4 .
L osses

D

is b u r s e m e n t s

by

th e

R e c e iv e r s h ip

to

P rotect D

C o r p o r a t io n
or

M

erged

from

w it h

it s

e p o s it o r s ,

R e c o v e r ie s ,

I n su r e d B a n k s P lac ed

and

in

F i n a n c i a l A i d , 1 9 3 4 -1 9 4 9

Item

Liquidation
terminated

Total

Liquidation
active

Num ber of b an ks..........................................................................
Receiverships................................................................................
Mergers...........................................................................................

411
245
166

352
230
122

59
15
44

Disbursements (in thousands)1..................................................
Receiverships................................................................................
Mergers...........................................................................................

$269,961
87,044
182,917

$120,362
54,299
66,063

$149,599
32,745
116,854

107,829
44,582
63,247

133,908
27,842
106,066

Estimated additional disbursements in receiverships
(in thousands)2.........................................................................

21

Recoveries (in thousands).............................................................
Receiverships................................................................................
Mergers...........................................................................................

241,737
72,424
169,313

Estimated additional recoveries (in thousands).................
Receiverships................................................................................
Mergers...........................................................................................

2,755
187
2,568

Losses by FDIC (in thousands)3.................................................
Receiverships................................................................................
Mergers...........................................................................................

25,490
14,454
11,036

21

2,755
187
2,568
12,533
9,717
2,816

12,957
4,737
8,220

1 Includes only principal disbursements; i.e., excludes expenses incident to the transaction, the
greater part of which has been recovered. See note 4 to Table 2.
2 Insured deposits which have not been paid. See Table 2.
3 Losses in principal disbursements: see note 3 to Table 1. Losses in terminated cases are the estab­
lished losses; those in active cases are estimated.
Detailed data: see Table 123, p. 192.

In 1949 the total estimated losses to the Corporation increased slightly.
This increase is due in part to the banks aided during the year and in
part to revised estimates for banks closed in prior years. The first estimate
of loss for any bank is necessarily subject to substantial revision, and
in some cases revised estimates are larger than previous estimates.



10

FEDERAL DEPOSIT INSURANCE CORPORATION

For several years prior to 1949 estimated losses of the Corporation
declined despite the increase in the number of banks aided. This was the
result of the rise in prices and high level of prosperity which made
possible larger recoveries on many assets than had been originally esti­
mated. Table 5 gives the figures of total losses to the Corporation as
estimated at the end of each of the past six years. Prior data are not
available in exactly comparable form.
T a b le 5.

E s t im a t e d

E s t im a t e d L o s s

Period

1934-1949
1934-1948.........
1934-1947.........
1934-1946 ,
1934-1945 .........
1934-1944 .........

Number
of
banks

411
407
404
399
398
397

L o sses
per

C ompared

B a n k A id e d ,

w it h
by

Y

D

ear

is b u r s e m e n t s ,
of

E s t im a t e ,

Disbursements
to
end of period
(in thousands)1

Losses as
estimated at
end of period
(in thousands)2

Estimated losses
as percent of
disbursements

$269,961
266,976
264,184
262,133
261,717
259,696

$25,490
24,930
26,014
28,896
31,111
38,810

9.4%
9.3
9.8
11.0
11.9
14.9

and

A verage

1944-1949
Average
estimated
loss per bank
(in thousands)
$62
61
64
72
78
98

1 Principal disbursements. See note 4 to Table 2.
2 Losses on principal disbursements. See note 3 to Table 1.

S u p e r v is o r y A

c t iv it ie s

Bank examinations. During 1949 the Corporation conducted 6,248
regular examinations. In addition, it made 392 other examinations and
investigations. The latter figure includes 94 special examinations, 53
entrance examinations of operating banks, 90 new bank investigations,
48 branch investigations, and 107 miscellaneous investigations. The
regular examinations involved examinations of over 800 branches and
more than 600 trust departments operated by the 6,248 banks examined.
During the year the Corporation, the two other Federal examining
agencies, and the executive Committee of the National Association of
Supervisors of State Banks adopted minor changes in the bank: examina­
tion and reporting procedure which has been followed by these agencies
since July 1938.1 The revision provided for abandonment of the use of
Roman numerals II, III and IV in the examined classification of bank
assets, and substitution of the terms “ substandard” , “ doubtful” , and
“ loss” , and for discontinuance of the practice of appraising Group 2
(subinvestment quality) securities on the basis of the 18-month average
of market value. Such securities are now appraised at current market
value. There was no change with respect to evaluation of United States
Government and other Group 1 (investment quality) securities.
The revision involves no fundamental change in the present procedure
nor does it signify any intention on the part of the examining authorities
1
For a description of the uniform examination procedure adopted in 1938, see the Annual Report of
the Corporation for 1938, pp. 61-78.




SUPERVISORY ACTIVITIES

11

to become more severe in the classification of bank assets. Its purpose is
clarification and simplification of procedure in the interest of more
uniform application. It also recognizes the fact that use of the 18-month
average price for Group 2 securities is no longer of practical significance
since the banks of the country have only a nominal investment in such
securities.
In conjunction with its examining activities, the Corporation was
instrumental in effecting capital changes during the year in more than
600 insured banks not members of the Federal Reserve System. Those
changes include both cash increases in capital and decreases in Recon­
struction Finance Corporation and other preferred capital. The net
decrease in the latter amounted approximately to $1 million about evenly
divided between the Reconstruction Finance Corporation and local
interests. Cash increases totaled $4.5 million in common stock, and $2
million in other capital account segregations. In addition, common
capital accounts of this group of banks were increased by approximately
$16.5 million through the medium of dividends in common stock.
Another constructive development occurring in 1949, and for which
the Corporation was largely responsible, is the substantial increase in
the number of insured banks carrying fidelity bond coverage equal to
or in excess of the “ minimum” and “ fair” amounts recommended by the
Insurance and Protective Committee of the American Bankers Associa­
tion. On the basis of the recommended “ minimum” , this increase per­
centagewise was from 77 percent in 1948 to 93 percent in 1949. The
improvement in the number of banks with “ fair” coverage or more was
from 33 to 49 percent, due primarily to an increase from 31 to 60 percent
in insured banks not members of the Federal Reserve System carrying
“ fair” coverage or better.
In 1949, the Division of Examination was successful in maintaining
its field examining force at a point closely approximating full required
numerical strength for the first time since before the war. New appoint­
ments were sufficient in number to offset the separations occurring during
the year and to fill many of the previously existing vacancies. It was
necessary to make most of the new appointments on a temporary in­
definite basis because adequate Civil Service registers of eligibles were
not available. The examiners so appointed will be given an opportunity
to qualify for permanent status through open competitive examinations.
The Corporation is continuing its educational program for examiners
and assistants. This program, which was started in 1946, is designed to
fit the particular needs of each participant and to supplement the training
he receives on the job. Usually the program consists of correspondence
study in courses given by the American Institute of Banking. In other
cases, examiners or assistants are enrolled in residence courses offered



12

FEDERAL DEPOSIT INSURANCE CORPORATION

through a college or university or by a local chapter of the American
Institute of Banking. In the latter group are included enrollees in the
American Bankers Association Graduate School of Banking held at
Rutgers University, and in the Central States School of Banking at the
University of Wisconsin. Approximately 75 percent of the examining
staff were either enrolled or had completed courses under the program by
the end of 1949. The entire cost of the program is paid by the Corporation.
The Corporation believes that it is definitely to its own financial interest
and to the interest of the banking system to keep its examiners abreast
of the times and in step with the educational advancement of the bankers
with whom they must deal directly.
Unsafe and unsound banking practices and violations of law
or regulations. During 1949, proceedings were initiated against one
insured bank for engaging in unsafe and unsound banking practices and
were continued against five other banks. Corrections were made by the
banks in two cases; the proceedings were pending at the end of the year
in the other four cases. The unsafe and unsound practices and violations
of law and regulations with which one bank was charged in 1949 are
listed below.
Capital:

Continued operation of the bank with an inadequate capital and with its surplus
impaired.
Management and general practices:

Continued operation of the bank with a weak and hazardous management.
Failure to observe and comply with laws, rules, and regulations to which the bank
is subject.
Failure of bank’s officers properly to exercise their functions.
Continued dissipation and conversion of bank’s assets to personal use of its officers
and directors.
Making of improper and misleading entries upon the bank’s books and records.
Failure to maintain adequate credit data and information.
Cash shortages in undue amounts.
Improper handling of inactive accounts.
Loan and investment practices:

Lax, hazardous, and reckless lending policies.
Extensions of credit exceeding the limitations prescribed by law.
Unwarranted extension of credit by means of overdrafts and cash items.
Excessive amount of substandard and past due loans.
Maintenance of lax collection policies.

Since 1935, a total of 142 banks have been charged with unsafe and
unsound practices. The disposition of these cases is given in Table 6.
Approval of banks for insurance. During 1949 the Corporation
approved the applications of 90 banks for admission to insurance. Of
these, 39 were new banks, 36 were operating as noninsured banks at the
beginning of the year or were successors to such banks, 4 were financial
institutions which had not been engaged previously in deposit banking,
and 11 were insured banks which obtained new charters or withdrew
from the Federal Reserve System. In addition, the Corporation approved



13

SUPERVISORY ACTIVITIES

applications of five insured banks to exercise trust powers. Twelve
applications for admission to insurance were disapproved because, in
the opinion of the Board of Directors, the factors enumerated in the
deposit insurance law were not met. One application was approved and
later rescinded because the bank did not meet the capital requirements
specified.
T a b le 6 .
w it h

A c t io n s

E n g a g in g

to
in

of

T e r m in a t e I n s u r e d St a t u s
U n safe

Law

or

or

of

U n s o u n d P r a c t ic e s

R e g u l a t io n s ,

Disposition or status

Total banks against which action was taken ...................
Cases closed:
Corrections made.........................................................................
Insured status terminated, or date for such termination
set by Corporation, for failure to make corrections:
Banks suspended prior to or on date of termination of
insured status......................... ..............................................
Banks continued in operation2..............................................
Banks suspended prior to setting of date of termination
of insured status by Corporation....................................
Banks absorbed or succeeded by other banks:
With financial aid of the Corporation................................
Without financial aid of the Corporation..........................
Cases pending December 31, 1949:
Correction period not expired...................................................
Action deferred pending outcome of recapitalization plans
Action deferred pending reexamination..................................

B a n k s C h arged
or

V io l a t i o n s

1936-1949
Total
cases
1936-19491

Pending
beginning
of 1949

Started
during
1949

142

5

31

1

2

7
3
32
61
4

2
2

1
2

1

1 No action to terminate the insured status of any bank was taken before 1936. In 5 cases where
initial action was replaced by action based upon additional charges, only the later action is included.
2 One of these suspended 4 months after its insured status was terminated.
Back data: See the Annual Report of the Corporation for 1948, p. 13, and earlier reports.

The number of applications for admission to insurance acted upon by
the Corporation during each year since the beginning of the permanent
plan of deposit insurance on August 23, 1935, together with the final
action of the Corporation on these cases is given in Table 7.
The number of banks approved for insurance in a year differs from the
number admitted. Some new banks approved for insurance are not
opened, or the effective date of insurance is delayed for other reasons,
until the subsequent year. In a few cases banks alter their plans or do
not meet conditions specified by the Corporation. Banks which are
chartered as national banks, and State banks which are admitted to the
Federal Reserve System, become insured without action by the Corpora­
tion. For changes in the number of insured banks during 1949, see page
126.
Approval of establishment of branches. During 1949 the Cor­
poration approved the establishment of 53 branches by insured banks
not members of the Federal Reserve System. Of these, 40 were for the
establishment of new banking offices, 10 were banks to be absorbed and



14

FEDERAL DEPOSIT INSURANCE CORPORATION

converted into branches, and 3 were branches to be established at former
locations of head offices after the relocation of such offices. The Cor­
poration also approved continuation of operation of seven branches
previously operated by absorbed banks, banks admitted to insurance,
or banks approved for continuance of insurance upon withdrawal from
the Federal Reserve System. The Corporation disapproved four ap­
plications for permission to establish branches.
T a b le 7 .
A

A c t io n s

p p l ic a t io n s

by

from

the

F ederal D

B anks

fo r

e p o s it

A d m is s io n

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

on

I n s u r a n c e , 1 9 3 5 -1 9 4 9

Number of applications1
Year
Acted
upon

Approved2

Approved
but later
rescinded

Dis­
approved

1935-1949...............................................................

1,713

1,470

53

190

1949......................................................................
1948......................................................................
1947......................................................................
1946......................................................................
1945......................................................................

108
104
155
175
124

95
84
135
158
116

1
2
3
6
3

12
18
17
11
5

1944......................................................................
1943......................................................................
1942......................................................................
1941......................................................................
1940......................................................................

108
198
51
81
67

105
190
42
78
58

2
4
2
2
3

1
4
7
1
6

1939......................................................................
1938......................................................................
1937......................................................................
1936......................................................................
1935....................... ..............................................

85
82
133
165
77

72
67
111
114
45

3
3
8
10
1

10
12
14
41
31

1 Figures for years prior to 1949 may differ slightly from those given in previous Annual Reports
of the Corporation, because of later recisions of cases approved or revision of the data.
2 Includes approvals of change in type of business conducted. Excludes cases where approval was
later rescinded.

Table 8 gives the number of applications received each year from banks
not members of the Federal Reserve System for approval of the estab­
lishment of branches, continued operation of branches of banks which
had been absorbed or operated prior to admission to insurance, or re­
location of branches, together with their final disposition.
The number of branches established by insured banks in a year differs
from the number approved by the Corporation. Approval by the Cor­
poration is not required for the establishment of branches by national
banks or by State banks members of the Federal Reserve System. Some
branches approved are opened in a subsequent year, and in a few cases
the banks change their plans or fail to meet conditions specified by the
Corporation. In 1946 the Corporation established a policy under which
approval of a branch is automatically abrogated if the branch is not in
operation within six months after date of approval, unless the bank
receives an extension of time. For changes in the number of branches of
insured banks in 1949, see page 127.



15

SUPERVISORY ACTIVITIES
T a b le 8 .

A

c t io n s

A p p l ic a t io n s

for

by

A

th e

F ederal D

pproval
of

of

E

e p o s it

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

s t a b l is h m e n t

or

on

C o n t in u e d O p e r a t io n

B r a n c h e s , 1 9 3 5 -1 9 4 9
Number of applications1

Year
Approved2

Acted
upon

Approved
but later
rescinded3

Dis­
approved

1935-1949................................................................

983

887

38

58

1949......................................................................
1948......................................................................
1947......................................................................
1946......................................................................
1945......................................................................

64
61
83
91
61

58
55
72
84
58

2
1
3
3
1

4
5
8
4
2

1944......................................................................
1943......................................................................
1942......................................................................
1941......................................................................
1940......................................................................

49
105
36
49
44

46
101
32
46
40

2
2
3
2

1939......................................................................
1938......................................................................
1937......................................................................
1936......................................................................
1935......................................................................

61
82
89
93
15

53
71
82
80
9

3
6
5
5

3
2
2
2
5
5
2
8
6

1 Figures for years prior to 1949 may differ slightly from those given in previous Annual Report of
the Corporation, because of later recisions of cases approved or revision of the data.
2 Excludes cases where approval was later rescinded.
3 Includes cases where commitments expired under the 6-month limitation period.

Reports from banks. Semi-annual statements of average deposit
liabilities were submitted by each insured bank as required by law for the
purpose of determining the amount of the insurance assessment. Each
insured bank was requested to submit as of September 30, 1949, a report
showing the number of its deposit accounts and the amount of its deposit
liabilities classified by type of deposit account and in the following size
groups; $5,000 or less, $5,000 to $10,000, $10,000 to $25,000, and more
than $25,000. Tabulations from these reports are given in Part Three,
pages 57-113, of this report.
The Corporation called for reports of assets, liabilities, and capital
accounts as of June 30 and December 31, 1949, and for a report of earn­
ings, expenses, and disposition of profits for the calendar year 1949, from
each insured bank required by law to submit such reports to the Cor­
poration. These reports are required from all insured State banks not
members of the Federal Reserve System except those in the District
of Columbia. As of June 30, 1949, the Corporation also called for reports
of assets and liabilities of each office, in the case of banks operating more
than one office.
Summaries of the tabulations from the reports of assets, liabilities,
and capital accounts for June 30 and December 31, 1949, are given in
the pamphlets published by the Corporation, “ Assets and Liabilities,
Operating Insured Commercial and Mutual Savings Banks,” Reports
No. 31 and 32, and in Table 107 of this report, pages 146-49. Summaries



16

FEDERAL DEPOSIT INSURANCE CORPORATION

of the reports of earnings, expenses, and disposition of profits are given
in Tables 113-119, pages 164-85, of this report.
Through the cooperation of State banking authorities and of officials
of banking institutions not under State or Federal supervision (mostly
unincorporated banks), the Corporation obtained reports of assets and
liabilities of noninsured banks and trust companies which do not file
reports with a Federal Government agency. Tabulations from these
reports, and tabulations for all banks and trust companies obtained by
combining the data for insured and noninsured banks, are given in
Tables 103-106, pages 136-45, of this report.
L

egal

D

evelopm ents

Federal legislation. Very little legislation directly affecting deposit
insurance or the banking system in general was enacted during the first
session of the 81st Congress. Public Law 359, approved October 15, 1949,
increased the salary of members of the Board of Directors of the Federal
Deposit Insurance Corporation from $15,000 to $16,000.
Public Law 109, approved June 20, 1949, authorized the President to
send to Congress plans for the reorganization of the agencies in the
Executive Department of the Government. Under this authorization the
President may, among other things, transfer all or any part of any
agency or all or any part of its functions to another agency. Such a plan
would take effect upon the expiration of the first period of sixty days of
continuous session of Congress following the date on which the plan is
transmitted to it, unless within such sixty-day period either the House
of Representatives or the Senate by an affirmative vote of a majority
of its authorized membership passes a resolution disapproving the plan.
State legislation. A summary of State banking legislation enacted
in 1949 is given on pages 117-22.
O r g a n iz a t io n

and

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

of

the

C

o r p o r a t io n

Directors and employees. Mr. Maple T. Harl, Mr. Preston Delano,
and Mr. H. Earl Cook continued to serve as members of the Board of
Directors throughout the year.
On December 31, 1949, the personnel of the Corporation consisted of
1,088 officers and employees as compared with 1,033 at the beginning of
the year. The change was primarily due to an increase in the field ex­
amining force. The decrease in liquidation personnel was due to continued
reduction in the volume of assets remaining in the process of liquidation.
The number of employees in each Division of the Corporation at the
end of 1949 is given in Table 9.



17

ORGANIZATION AND FINANCIAL STATEMENTS OF THE CORPORATION
T a b le 9 .

O f f ic e r s

and

E mployees

C o r p o r a t io n , D

of

th e

ecem ber

F ederal D

e p o s it

I nsurance

3 1 , 194 9

Division and office

T o ta l

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

Number

1,088
335
753
3

Executive Division...........................................................................................................................

24

Legal Division...................................................................................................................................

26

Division of Examination.................................................................................................................
Washington office...........................................................................................................................
............................................................................................................................
District and field

719
hi
678

Division of Liquidation...................................................................................................................
Washington office...........................................................................................................................
Field.................................................................................................................................................

100
26
7U

Division of Research and Statistics.............................................................................................
47
Washington office...........................................................................................................................
U6
1
Field..................................................................................................................................................
Personnel Division............................................................................................................................

19

Division of Accounts........................................................................................................................

47

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

25

Audit Division

Service Division

78

Organization. Descriptions of the duties of each Division of the
Corporation and of the Corporation’s standing committees, and of other
aspects of the organization of the Corporation, are given in Subchapter
A of Chapter 3, Title 12 of the Code of Federal Regulations. This chapter
of the Code of Federal Regulations, which comprises the rules and
regulations of the Federal Deposit Insurance Corporation, was reprinted
by the Corporation as of August 15, 1948. Copies may be obtained upon
request to the Secretary of the Corporation. A chart with a brief descrip­
tion of the duties of each Division is given on page iv of this report.
Incom e and expenses. The total income of the Corporation in 1949
was $145.5 million. Of this amount, $120 million represented assessments;
$25 million interest on investments; and $0.5 million interest on loans
and other income.
Total losses and expenses of the Corporation in 1949 amounted to
$6.5 million, of which $0.5 million were insurance losses and expenses
and $6 million administrative expenses.
The surplus of the Corporation was increased by $138 million during
the year, reflecting income of $139 million in excess of expenses and
losses, minus $1 million of adjustments to surplus applicable to prior
periods.
A statement of the income and expenses of the Corporation for the
year 1949 is given in Table 10.



18

FEDERAL DEPOSIT INSURANCE CORPORATION
T a b le 1 0 .

Income

and

E xpenses

of the

Federal D

C o r p o r a t io n , C a l e n d a r Y

ear

e p o s it

I n surance

1 949

Income or expense item

Incom e:
Deposit insurance assessments.........................................................................
Interest earned on government obligations...................................................
Other interest received.......................................................................................
Other income........................................................................................................

Amount

$ 119,866,878.57
25,122,803.19
470,261.94
16,355.55

Total in co m e................................................................................
Expenses:
Deposit insurance losses and expense.............................................................
Administrative expenses (see below)..............................................................
Furniture, fixtures, and equipment purchased and charged off...............

$

145,476,299.25

$

431,429.23
5,994,766.44
95,945.90

Total expenses..............................................................................

$

6,522,141.57

Net income added to surplus.................................................

$

138,954,157.68

Surplus:
As previously reported for December 31, 1948............................................
Less— Net adjustments applicable to periods prior to January 1, 1949

$1,065,850,900.91
862,370.83

Surplus December 31, 1948, as adjusted...........................

$1,064,988,530.08

Surplus December 31, 1949.....................................................

$1,203,942,687.76

DISTRIBUTION OF AD M IN ISTR ATIVE EXPENSES
Salaries.......................................................................................................................
Professional services...............................................................................................
Services of other governmental agencies...........................................................
Transportation.........................................................................................................
Subsistence................................................................................................................
Office rental..............................................................................................................
Printing, stationery, and supplies........................................................................
Postage, telephone, and telegraph.......................................................................
Insurance and fidelity bond premiums..............................................................
Subscriptions............................................................................................................
Equipment rental....................................................................................................
Repairs and alterations..........................................................................................
Transportation of things.......................................................................................
Miscellaneous...........................................................................................................

4,364,918.59
5,998.91
4,352.04
206,577.21
815,068.64
341,627.23
126,193.52
40,795.99
6,203.16
14,909.12
21,759.97
22,760.35
15,412.94
47,557.83

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

6,034,135.50

Less:
Inter-departmental expense transfers............................................................

39,369.06

Administrative expenses for the year ended December 31, 1949. . .

5,994,766.44

A summary statement of the income and expenses of the Corporation
for each year since its organization is given in Table 11.
Assets and liabilities. From the beginning of deposit insurance to
December 31, 1949, the Corporation disbursed $315 million to pay
depositors in closed insured banks or to assist in the merger of banks
in difficulty, thereby acquiring subrogated depositors’ claims or other
assets from the closed banks. The Corporation has recovered $287 million
from these assets. Additional recoveries are estimated at $3 million, and
the Corporation’s losses at $25 million.
Of the total assets acquired from closed banks, the portion held by
the Corporation at the close of 1948 had cost nearly $16 million. These
assets were carried on the books of the Corporation at the amount of
the estimated additional recovery, or appraised value, of $3 million.



ORGANIZATION AND FINANCIAL STATEMENTS OF THE CORPORATION
T a b le 1 1 .

19

In c o m e a n d E x p e n s e s o f 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 S in c e B e g i n n i n g O p e r a t i o n s 1
(In millions)
Income

Year
Total

Expenses

Deposit Investment
insurance and other
assess­
income
ments2

Total

Deposit
insurance
losses and
expenses3

Adminis­
trative
expenses4

Net
income
added to
surplus

1933-1949...............

$1,294.2

$1,024.2

$270.0

$90.3

$26.5

$63.8

$1,203.9

1949.....................
1948s....................
1947.....................
1946.....................
1945.....................
1944.....................

145.5
146.8
157.7
130.9
121.2
99.5

119.9
119.2
114.4
107.1
93.7
80.9

25.6
27.6
43.3
23.8
27.5
18.6

6.6
6.8
5.6
4.6
4.0
3.9

.5
.7
.1
.1
.1
.1

6.1
6.1
5.5
4.5
3.9
3.8

138.9
140.0
152.1
126.3
117.2
95.6

1943.....................
1942.....................
1941.....................
1940.....................
1939.....................

86.7
69.4
62.0
55.9
51.2

70.0
56.5
51.4
46.2
40.7

16.7
12.9
10.6
9.7
10.5

4.5
4.4
4.3
7.8

11.0

.2
.5
.6
4.2
7.6

4.3
3.9
3.7
3.6
3.4

82.2
65.0
57.7
48.1
40.2

1938.....................
1937.....................
1936.....................
1935.....................
1933-34®...............

47.8
48.1
43.8
20.7
7.0

38.3
38.8
35.6
11.5

9.5
9.3
8.2
9.2
7.0

5.5
6.3
5.1
5.5
4.4

2.5
3.6
2.6
2.8
.3

3.0
2.7
2.5
2.7
4 .17

42.3
41.8
38.7
15.2
2.6

1 Figures of total expenses, deposit insurance losses and expenses, and net income added to surplus
for years prior to 1949 differ from those shown in previous Annual Reports because of revisions in esti­
mates of losses allocated to the different years.
2 Assessments collected from insured banks, members of the temporary insurance funds, were
credited to their accounts in total at the termination of the temporary funds, being applied toward
subsequent assessments under the permanent insurance fund, and resulting in no income to the Cor­
poration from assessments for the term of the temporary insurance funds.
3 Includes nonrecoverable expenses in connection with payment of insured deposits of banks placed
in receivership. Total deposit insurance losses and expenses are therefore larger than the losses incurred
and reserve for losses, as given in note 1 to Table 12.
4 Includes furniture, fixtures, and equipment purchased and charged off.
5 Revised. Includes $0.7 million representing retroactive adjustment of administrative expenses
to take into the accounts for the first time the value of annual leave of employees which had accrued
through December 31, 1948.
6 Includes expenses from date of organization, September 11, 1933, to December 31, 1934.
7 After deducting portion of expenses and losses charged to banks withdrawing from the temporary
funds on June 30, 1934.

United States Government obligations held by the Corporation at
the close of 1949 amounted to $1,207 million, valued at cost and accrued
interest receivable. Cash amounted to $1.4 million and other assets to
$0.2 million.
The capital of the Corporation at the close of 1949 consisted of its
accumulated surplus, which amounted to $1,204 million, after repayment
of its original capital. Pursuant to Public Laws 363 and 813, 80th Con­
gress, approved August 5, 1947 and June 29, 1948, respectively, the
Corporation has retired and cancelled all the capital stock originally
issued to the United States and to the Federal Reserve banks. This
retirement was completed on August 30, 1948.
A statement of the assets and liabilities of the Corporation at the
beginning and end of 1949 is given in Table 12. A summary of the assets
and liabilities of the Corporation at the close of each year since its or­
ganization is given in Table 13.



20

FEDERAL DEPOSIT INSURANCE CORPORATION

Table 12.

A s s e ts an d L ia b ilitie s o f th e F e d e r a l D e p o s it In su ra n c e

C o r p o r a tio n , D e c e m b e r

31, 1948,

and D ecem b er

Asset, liability, or capital item

31, 1949

Dec. 31, 1949

ASSETS
Assets acquired through suspensions and mergers:
Subrogated claims of depositors against closed insured banks. $
Net balances of depositors in closed insured banks pending
settlement or not claimed, to be subrogated when paid—
contra................................................................................................
Loans to merging insured banks, to avert deposit insurance
losses, and recoverable liquidation expenses...........................
Assets purchased from merging insured banks, to avert deposit
insurance losses, under agreements to return any excess
recovery to selling banks.............................................................
Assets purchased from merging insured banks and receivers of
closed insured banks to avert deposit insurance losses.........

4,901,991.92

Dec. 31, 1948

$

5,414,439.64

21,449.60

27,959.30

3,618,214.64

4,009,535.29

7,100,358.45

6,982,842.68

44,080.44

58,366.12

Total at face value....................................................
Less: Reserve for losses.....................................................................

$

15,686,095.05
12,824,989.98

$

Total at book value1.................................................

$

2,861,105.07

$

Cash on hand and on deposit.......................................................
United States Government obligations at cost (purchased
at face value) and accrued interest receivable...............

16,493,143.03
12,896,663.08
3,596,479.95

1,402,294.65

2,285,883.81

1,207,289,098.42

1,066,056,021.46

1,708.42

4,324.06

Due from Governmental agencies...............................................

147.68

Miscellaneous receivables................................................................
Furniture, fixtures, and equipment............................................

1.00

1.00

Deferred charges..................................................................................

169,286.66

84,244.10

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

$1,211,723,494.22

$1,072,027,102.06

LIABILITIES

Current liabilities:
Accrued annual leave of employees............................................... $
Accounts payable and assessment credits....................................
Earnest money deposits and collections in suspense.................
Net balances of depositors in closed insured banks pending
settlement or not claimed— contra............................................

857,056.95
472,353.19
476,117.72

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

$

367,325.01
438,398.16

21,449.60

27.959.30

Deferred credits...................................................................................

5,152,339.57

4,530,476.37

Special reserve for undetermined losses in purchases of
assets from merging insured banks........................................

790,000.00

790,000.00

T otal liabilities...........................................................

22.042.31

11,489.43

Reserve for deposit insurance expense......................................
$

7,780,806.46

$

6,176,201.15

CAPITAL
Surplus— (see Table 10)......................................................................

$1,203,942,687.76

$1,065,850,900.91

T otal liabilities and capital..................................

$1,211,723,494.22

$1,072,027,102.06

1 Assets acquired through bank suspensions and mergers:
Disbursements (principal and recoverable liquidation expenses)................
Recoveries..................................................................................................................

$314,868,341.43
287,060,807.98

Remaining assets.................................................................................................
Less: Losses incurred and reserves for losses..............................................

27,807,533.45
24,946,428.38




Net book value, December 31, 1949.............................................

$

2,861,105.07

ORGANIZATION AND FINANCIAL STATEMENTS OF THE CORPORATION

Table 13.

21

A s s e ts and L ia b ilitie s o f t h e F e d e r a l D e p o s it

1934-1949

In s u r a n c e C o r p o r a tio n ,
(Amounts in millions)

u. s.

Dec. 31

1 9 4 9 ....
1948___
1947___
1946___
1 9 4 5 ....
1 9 4 4 ....

Cash

In­
Govern­
ment ob­ surance
ligations assets

$ 1.4 $1,207.3
2.3 1,066.0
4.6 1,022.5
7.3 1,047.7
15.7
900.0
17.8
762.0

$ 2.8
3.6
3.6
5.6
15.1
26.1

Total
assets
or lia­
bilities

Lia­
bilities

$.2 $1,211.7
.1 1,072.0
.1 1,030.8
J 1,060.7
931.1
.3
.3
806.2

$ 7.8
6.1
24.7
2.2
1.9
1.9

Other
assets

Total
deposits
in
insured
banks

Capital
and
surplus

$1,203.9 $156,786.0
1,065.9 153,454.0
1,006.1 154,095.6
1,058.5 148,457.0
929.2 158,174.1
804.3 134,662.1

Ratio—■
FDIC
capital and
surplus to
deposits in
insured
banks
.77%
.69
.65
.71
.59
.60

1 9 4 3 ....
1 9 4 2 ....
1 9 4 1 ....
1 9 4 0 ....
1939___

20.0
19.4
20.0
20.4
28.3

638.8
536.8
453.9
384.5
363.5

46.2
62.0
81.7
92.2
64.2

.5
.5
.1
.1
.1

705.5
618.7
555.7
497.2
456.1

2.4
1.8
2.2
1.2
3.4

703.1
616.9
553.5
496.0
452.7

111,649.8
89,868.7
71,209.3
65,287.4
57,485.8

.63
.69
.78
.76
.79

1 9 3 8 ....
1 9 3 7 ....
1 9 3 6 ....
1 9 3 5 ....
1 9 3 4 ....

22.2
20.6
9.1
33.5
16.0

372.8
348.5
332.6
298.2
316.7

26.5
16.1
11.4
5.4
.5

.1
.1
.1
.1
.1

421.6
385.3
353.2
337.2
333.3

1.1
2.2
9.8
31.2
41.6

420.5
383.1
343.4
306.0
291.7

50,790.2
48,227.8
50,280.9
45,125.1
40,059.9

.83
.79
.68
.68
.73

Audit. The audit of the Corporation for the year ended June 30, 1949,
was made under the direction of the Comptroller General of the United
States. The financial statements from the audit report have been fur­
nished to the Corporation by the Comptroller General and are given in
Table 14. The auditors’ opinion is shown below.
C o m p tr o lle r G e n e r a l o f th e
W ASHINGTON

U n ite d S ta te s

25
August 17, 1950

Board of Directors,
Federal Deposit Insurance Corporation,
Washington 25, D. C.
Gentlemen:
An audit of the affairs of Federal Deposit Insurance Corporation for the fiscal
year ended June 30, 1949, has been made by the General Accounting Office. The
complete retirement on August 30, 1948, of the Government’s capital stock investment
terminated application of the audit provisions of the Government Corporation Control
Act (31 U.S.C. 841) at the end of the minimum accounting period involved. In view
of your request, dated December 31, 1949, that the Comptroller General make an
audit for the entire year ended June 30, 1949, and because of other practical con­
siderations, it was determined that the minimum accounting period would be the
entire fiscal year. However, our audit was limited by the fact that you did not make
available to us the reports on the examination of insured banks and other records
of the Examination Division. This situation did not exist in connection with our
audits covering previous years. In view of the denial of access to the records of the
Examination Division, the audit report for the fiscal year 1949 was not complete
and necessarily contained qualifications as to the transactions and undertakings of



22

FEDERAL DEPOSIT INSURANCE CORPORATION

the Examination Division and as to the financial position of the Corporation at
June 30, 1949.
At your request, there are transmitted herewith, for inclusion in the Corporation's
annual report, statements of financial position and operations, together with ex­
planatory notes and the auditors’ opinion, all of which are included in the detailed
report submitted by the Comptroller General to the Congress July 5, 1950.
Very truly yours,
C. W a r r e n
Comptroller General
of the United States

L in d s a y

a u d it o r s ’ o p in i o n

We have examined the balance sheet of Federal Deposit Insurance Corporation
as of June 30, 1949, and the related statement of income and deposit insurance reserve
for the year then ended, have reviewed the system of internal control and accounting
procedures of the Corporation, and, without making a detailed audit of the trans­
actions, have examined or tested accounting records and other supporting evidence,
by methods and to the extent (except as noted below) we deemed appropriate. Our
examination was made in accordance with generally accepted auditing standards
and included all procedures which we considered necessary under the circumstances,
except as to a review of the reports and records of the Examination Division of the
Corporation.
We were not afforded access to the reports and records of the Examination Division
covering examination of insured banks. We consider this to be so significant that we
are unable to render an independent opinion as to the adequacy or inadequacy of the
deposit insurance reserve to meet current needs.
However, in all other respects, in our opinion the accompanying balance sheet and
the related statement of income (including explanatory notes) fairly present the
financial position of Federal Deposit Insurance Corporation at June 30, 1949, and
the results of its operations for the year then ended, in conformity with generally
accepted accounting principles applied on a basis consistent with that of the preceding
year, except that prior to the fiscal year 1949 no accrual for employees* annual leave
had been provided.
S t e p h e n B. I v e s
Director
Corporation Audits Division
General Accounting Office




ORGANIZATION AND FINANCIAL STATEMENTS OF THE CORPORATION

Table 14.

F in a n c ia l St a t e m e n t s

C o r p o r a t io n —

fr om

of

Exhibit 1—

F ederal D

the

A u d it o r s ’ R e p o r t

for

Y

ear

e p o s it

23

I nsurance

E nded June

30 , 1949

B a l a n c e S h e e t — J u n e 30 , 1949

ASSETS
C a sh ..........................................................................................................
United States Government securities owned, at cost— market
value $1,138,449,988.........................................................................
Accrued interest receivable..................................................................
Assets acquired through mergers and receiverships of
insured banks:
Subrogated claims of depositors against banks in receivership
(including $21,450 of pending and unpaid claims) (note 1 ) . . .
Equity in collateral assets (notes 2 and 4):
Under loan agreements.....................................................................
Under asset purchase agreements...................................................

$
$1,133,789,500
2,301,258

1,856,848
1,136,090,758

4,927,354
3,721,484
7,812,178
16,461,016
12,894,154
3,566,862
80,072

Less estimate for losses and expenses................................................
Assets purchased outright (note 3 )....................................................
Deferred charges and sundry assets...............................................
Furniture, fixtures, and equipm ent, at nominal value.............

3,646,934
164,953

1
$1,141,759,494

LIABILITIES
Accounts payable and accrued liabilities.......................................................................
Earnest m oney, escrow funds, and collections held for oth ers............................
Depositors’ claims pending settlem ent— contra...........................................................
Employees’ accrued annual leave......................................................................................
Deferred credits (note 4 ) ........................................................................................................
Deposit insurance reserve, representing cumulative earnings from inception to
June 30, 1949, available for future losses and related expenses (notes 5 and 8,
and exhibit 2 )........................................................................................................................

383,795
503,620
21,450
894,247
4,953,166
1,135,003,216
$1,141,759,494

Notes 1 through 9 following exhibit 2 are an integral part of this statement.

Exhibit 2—

St a t e m e n t
for

of

the

Y

Income
ear

and

D

e p o s it

I n surance R

eserve

E n d e d J u n e 3 0 , 1949

Deposit insurance assessm ents.........................................................
Interest earned on Government securities..................................
Incom e from bank mergers and receiverships:
Interest and allowable return (note 4 )..............................................
Net income from assets purchased outright (note 3 )....................
Receivership supervision fees..............................................................

$
$

119,763,735
23,771,256

1,461,265
39,948
6,191
1,507,404

Less estimated loss on assets purchased under agreement cases
opened during the year.....................................................................
1,125,850
381,554
Total income..................................................................
143,916,545
Administrative and operating expenses........................................
5,496,130
Net income for the year transferred to deposit insurance
138,420,415
reserve..................................................................................................
Deposit insurance reserve, June 30, 1948......................................
996,089,996
Net adjustm ent of prior years’ estimate of losses and ex­
. 1,263,692
penses restored to reserve...........................................................
1,135,774,103
Less employees’ accrued annual leave earned in prior years
770,887
Deposit insurance reserve, June 30, 1949 (notes 5 and 8 and
$1,135,003,216
exhibit 1)...............................................................................................
Notes 1 through 9 following exhibit 2 are an integral part of this statement.




24

FEDERAL DEPOSIT INSURANCE CORPORATION
T a b le 1 4 .

F in a n c ia l St a t e m e n t s

C o r p o r a t io n —

fr om

of

the

F ederal D

A u d it o r s ’ R e p o r t

for

Y

e p o s it

ear

I nsurance

E nded

J u n e 3 0 , 1 9 4 9 — C ontin ued
NOTES TO THE FINANCIAL STATEM ENTS— JUNE 30, 1949
1. Subrogated claims represent the amounts of insured deposits in closed banks paid to depositors
for which amounts the depositors transferred their claims against the bank receiverships to FD IC.
The balance of subrogated claims at June 30, 1949, represents claims paid and uncollected on seven
receiverships not terminated at that date. Any recoveries made on these claims are in the nature of
liquidating dividends paid by the receiverships from funds realized in disposition of bank assets.
At June 30, 1949, the Corporation was receiver for two closed insured banks, the remaining assets
of which, as evidenced in the records maintained by the Corporation, were undistributed cash of $97,006
and unliquidated assets having a book value of $472,694. The Corporation properly does not show in
its balance sheet the assets of these two closed insured banks for which it was receiver.
2. Loans to merged insured banks are supported by collateral and are evidenced by demand notes
bearing interest at the rate of 4 percent per annum on the principal and any subsequent amounts ex­
pended by the Corporation. Under this arrangement, notes are dishonored immediately by the closed
bank and the Corporation acquires and proceeds to liquidate the collateral assets until it has collected
the principal and any subsequent amounts expended plus interest. Any excess recoveries and residual
unliquidated assets are returned to the stockholders of the closed bank.
Assets purchased under agreements with merged insured banks are evidenced by purchase agree­
ments allowing a return at the rate of 4 percent per annum on the principal purchase price and any
subsequent amounts expended by the Corporation. Under this arrangement the Corporation acquires
title to the assets, which it liquidates, returning any excess recoveries to the stockholders of the selling
bank.
3. Assets purchased outright represent collateral assets which have been purchased by the Cor­
poration from receivership and merger cases in order to facilitate the termination of the liquidations.
These assets are the absolute property of the Corporation and are not subject to any agreements with
the closed banks from which the assets were originally obtained. The Corporation records a profit on
the sale of assets purchased outright when the total collections from sale of assets exceed the purchase
price and advances for the assets in a specific case. Losses, if any, are recorded when a specific case is
closed. Related dividends, rents, interest, and operating expenses are recorded by the Corporation on
a current basis.
4. The Corporation follows the practice of taking into income only such amounts of interest or
allowable return as are realized after recovery in full of its investments (including recoverable expenses)
in the respective loan and assets-purchased-under-agreement cases which have been closed. For those
cases not yet closed in which the Corporation has recovered in full its investment, the additional re­
coveries representing interest of $4,647,019 and allowable return of $292,088, a total of $4,939,107 at
June 30, 1949, are included in deferred credits.
5. Insured deposits in all banks at June 30, 1949, were estimated by the Corporation at approxi­
mately 73.2 billion dollars. The ratio of the deposit insurance reserve balance to the estimated insured
deposits was 1.6 percent.
As an added source of funds to supplement the reserve, the Corporation may, in accordance with
section 12B(o) of the Federal Reserve Act, borrow from the Treasury, on such terms as may be fixed
by the Corporation and the Secretary, such funds as in the judgment of the board of directors of the
Corporation are required from time to time for insurance purposes, not exceeding, in the aggregate,
3 billion dollars outstanding at any time. The Corporation has never used this borrowing power.
6. The original capital investment of the Corporation, amounting to $289,299,557, consisted of
nonvoting and non-dividend-bearing capital stock. The Treasury of the United States purchased
$150,000,000 of this stock, and the twelve Federal Reserve banks purchased the balance of $139,299,557
in amounts equal to one-half of their surplus on January 1, 1933.
The act of August 5, 1947 (12 U.S.C. 264 supp.), repealed section 12B(d) of the Federal Reserve
Act, pertaining to the capitalization of the Corporation, and directed the Corporation to retire its capital
stock by paying the amount received for it (whether received from the United States Treasury or the
Federal Reserve banks) to the Secretary of the Treasury. In accordance with the act, the Corporation
paid to the Secretary, periodically, as much of its capital and surplus as was in excess of $1,000,000,000.
Final settlement was made with the Treasury on August 30, 1948, completing the retirement of capital
stock.
7. By Executive Order 9148, dated April 27, 1942, the Corporation was assigned the responsibility
of supervising the operations of Federal credit unions. This activity was operated at a loss of $1,302,049
to July 29, 1948, including $24,780 for the period July 1-29, 1948. Pursuant to the act of June 29, 1948
(12 U .S.C. 1751a note), the administration of the Federal Credit Union Act was transferred to the
Federal Security Agency, effective July 29, 1948. In accordance with provisions of the law, the Cor­
poration effected recovery on (1) the deficit of $1,302,049 resulting from FCU activities, and (2) the
unobligated FCU 1949 budget allocation of $624,668, which was transferred to the Bureau of Federal
Credit Unions, FSA, by deducting $1,926,717 from the final payment required to complete the retire­
ment of the Corporation’s capital stock.
8. The Federal deposit insurance law (section 12B of the Federal Reserve Act) and other Federal
laws do not provide for Federal Deposit Insurance Corporation to pay certain costs incurred by other
Federal agencies for the benefit of the Corporation, and consequently such costs are not accounted for
in the Corporation’s financial statements. These costs include (1) Government’s share of the cost of
carrying out provisions of the civil service retirement acts applicable to the Corporation’s civil service
employees, (2) payment of claims by the Bureau of Employees’ Compensation and the related cost of
administration, and (3) interest cost on Government’s investment in capital stock.
The payment of interest on the Government’s investment from inception of the Corporation to
August 30, 1948 (date of final retirement of capital stock), would have a material effect on the balance
sheet and statement of deposit insurance reserve.
9. We did not inspect the collateral under loans to merged insured banks, the documents evidencing
ownership of assets purchased from merged insured banks and insured banks in receivership, or the
assets held by the Corporation as receiver of closed insured banks. The collateral and assets, for the most
part, are held by liquidating agents of the Corporation at various locations throughout the country.
We reviewed the reports of the Corporation’s internal auditors on their examination of such collateral
and assets; we consider their examination to be adequate.







PART TWO
BANKING DEVELOPMENTS




B anks and B ranches

For many years the proportion of all banks participating in Federal
deposit insurance has gradually increased. This trend continued in 1949.
At the close of the year 93 percent of all banks of deposit in the United
States and possessions were insured. These banks held 95 percent of
total deposits of all banks.
Participation in deposit insurance by State. All banks regularly
engaged in deposit banking were insured in nine States and the District
of Columbia. Seven of the States were in the West—Arizona, Montana,
Nevada, New Mexico, South Dakota, Utah, and Wyoming—and two
in the East—Vermont and Virginia.
Participation in deposit insurance was virtually complete in many
other States. In each of five States—Alabama, Idaho, Louisiana, New
Jersey, and Oregon—there was only one noninsured bank of deposit at
the end of 1949; in each of three States—California, Florida, and North
Carolina—there were only two.1
The percentages of banks insured and deposits held by insured banks
in each State are shown in Chart A. These compilations exclude trust
companies not regularly engaged in deposit banking. The number and
deposits of all banks grouped by type of bank and insurance status are
given in Table 15.

Table 15.

N u m b e r a n d D e p o s i t s o f O p e r a t i n g B a n k s in t h e U n i t e d S t a t e s
a n d P o sse ssio n s, D e c e m b e r

31, 1949

Number of banks

Deposits

Type of bank and insurance status
Number

Percentage
distribution

Amount
(in millions)

Percentage
distribution

$165,244

100.0%

All banks and trust companies— to ta l. . .

14,736

100.0%

Banks of deposit— to ta l..............................
Insured............................................................
Noninsured.....................................................

14,665
13,622
1,043

100.0
92.9
7.1

165,168
156,785
8,383

100.0
94.9
5.1

Comm ercial banks........................................
Insured............................................................
Noninsured.....................................................

14,134
13,430
704

100.0
95.0
5.0

145,875
143,194
2,681

100.0
98.2
1.8

M utual sayings banks.................................
Insured............................................................
Noninsured.....................................................

531
192
339

100.0
36.2
63.8

19,293
13,591
5,702

100.0
70.4
29.6

Trust companies not regularly engaged
in deposit banking...............................
Insured............................................................
Noninsured.....................................................

71
6
65

100.0
8.5
91.5

i Uninvested trust funds and special accounts.
Detailed data: see Table 103, pp. 136-37.
1 The remaining noninsured bank in Alabama was admitted to insurance in 1950.




27

76i
1
75

100.0
0.8
99.2

28

FEDERAL DEPOSIT INSURANCE CORPORATION

Chart A.

D e p o sit In su ra n c e C o v e ra g e

BANKS OF DEPOSIT, DECEMBER 3 1 , 1949

PERCENTAGE OF BA NKS INSURED

M

7 1 8 % * LESS

E / f j

7 0 .1 % -3 0 .8 %

g jj
|

8 0 .1 % -9 9 .8 %
|

188.8%
UNITED STATES AVERAGE SJ.1 *

DEPOSITS OF INSURED BA NKS A S A PERCENTAGE OF DEPOSITS OF A IL BA NKS

78.8% i r LESS
7 8 .1 % -8 8 .8 %

HI
I

9 8 .1 % -8 9 .9 %
I

188.8%
UNITED STATES AVERAGE 85.3%




29

BANKS AND BRANCHES

In five States—Maine, New Hampshire, Massachusetts, Rhode Island,
and Connecticut—deposits of insured banks amounted to less than
two-thirds of total deposits in each State. The low percentage of deposits
in insured banks in New England primarily reflects the prevalence in
that area of mutual savings banks not participating in deposit insurance.
Rhode Island and North Dakota were the only States where non­
insured commercial banks had more than 10 percent of total bank
deposits. Deposits of the noninsured commercial banks in each of these
States were held by only five banks. In North Dakota, a bank owned by
the State accounted for a large portion of the deposits of noninsured banks.
Changes in the number of banks and branches. The trend
toward branch banking continued during 1949. Branches opened for
business accounted for all of the net growth in the number of banking
offices during 1949. The number of all operating banks declined by 17
while the number of branches increased by 251. The total number of
banking offices increased during the year by about 1 percent, as in each
of the two previous years. Changes in the number of banks and branches
during 1949 are given in Table 101, pages 126-27.
A

ssets,

D

e p o s it s , a n d

C a p it a l A

ccounts

Assets and liabilities of all operating banks. Total assets of all
banks in the United States and possessions contracted $4 billion during
the first half of 1949. During the second half of the year they expanded
by $8 billion to reach an all-time peak of $180 billion. The net change
in total assets for the year as a whole was a moderate growth of $4 billion,
or 3 percent.
Expansion of earning assets accounted for all of the 1949 growth in
bank assets. Non-earning assets declined both absolutely and relatively.
Total cash and funds due from banks were reduced $3 billion during the
year, as reserve requirements were successively lowered between May 1
and September 1. Reserves with Federal Reserve banks dropped $4
billion. Small increases in balances with other banks and in cash items
in the process of collection offset part of this decline.
Most of the earning assets acquired by banks consisted of securities.
Holdings of United States Government obligations expanded $4 billion
to a total of $79 billion, and investments in obligations of States and
political subdivisions rose $1 billion to nearly $7 billion. Total loans and
discounts also expanded, reaching almost $50 billion at the year end.
As a result of these changes, cash and funds due from banks declined
in 1949 from 23 percent to 20 percent of total assets. United States
Government obligations increased from 42 percent to 44 percent relative
to total assets. The relative amount of loans remained at 28 percent.



30

FEDERAL DEPOSIT INSURANCE CORPORATION

Changes in the composition of bank assets in 1949 contrasted sharply
with earlier postwar developments. For the four-year period 1945 to
1949 the amount of United States Government obligations held declined
substantially, while loans and securities other than United States Govern­
ment obligations expanded rapidly. Cash and reserves accounted for
approximately the same proportion of total assets on December 31, 1945,
and December 31, 1949.
Data showing the amount and percentage distribution of bank assets
and liabilities at the close of 1949, 1948, and 1945 are presented in Table
16.
Table 16.

A s s e ts and L ia b ilitie s o f A l l
P o sse ssio n s, D e c e m b e r

B a n k s in t h e

31, 1949, 1948

and

Amount (in millions)
Asset, liability, or capital
account item

U n ite d

S ta t e s and

1945
Percentage distribution

Dec. 31,
1949

Dec. 31,
1948

Dec. 31,
1945

$180,043

$176,075

$178,203

100.0%

36,676
78,754

39,635
74,462

35,585
101,822

20.4
43.7

22.5
42.3

20.0
57.1

6,657
6,025
49,828
2,103

5,754
5,717
48,453
2,054

4,064
4,531
30,473
1,728

3.7
3.3
27.7
1.2

3.3
3.2
27.5
1.2

2.3
2.5
17.1
1.0

T otal liabilities and capital accounts

180,043

176,075

178,203

100.0

100.0

100.0

Total deposits............................................
Miscellaneous liabilities..........................
Total capital accounts.............................

165,244
1,633
13,166

162,041
1,480
12,554

166,474
1,203
10,526

91.8
0.9
7.3

92.0
0.9
7.1

93.4
0.7
5.9

Number of banks1........................................

14,736

14,753

14,725

Total assets.................................................
Cash and funds due from banks...........
United States Government obligations.
Obligations of States and political
subdivisions...........................................
Other securities.........................................
Loans and discounts— net......................
Miscellaneous assets................................

Dec. 31, Dec. 31, Dec. 31,
1949
1948
1945
100.0%

100.0%

1 Asset and liability data were not available for 31 banks on December 31,1949, 18 banks on Decem­
ber 31, 1948, and 104 banks on December 31, 1945.
Detailed data for 19U9: see Tables 104-106, pp. 140-145.

Changes in total deposits of all banks during 1949 were similar to
changes in total assets. After a decline of nearly $5 billion early in the
year, an expansion of $8 billion brought total deposits to $165 billion
at the year end. This represented a net growth of 2 percent for the entire
year, but was still $1 billion below the record total set in 1945.
Total capital accounts of all operating banks continued to grow,
exceeding $13 billion on December 31, 1949. Since December 31, 1945,
the growth of bank capital has been greater than the expansion of total
assets. Accordingly, the capital ratio has improved from 5.9 percent to
7.3 percent of total assets.
Postwar changes in deposits. While total deposits declined after
1945, business and personal deposits rose. Demand deposits of businesses
and individuals have risen from $74 billion to $83 billion between 1945
and 1949. This expansion has been successively interrupted during the



31

ASSETS, DEPOSITS, AND CAPITAL ACCOUNTS

first six months of 1947, 1948, and 1949, but in each year substantial
recovery has followed. Savings and time deposits of businesses and
individuals have grown throughout the period from $45 billion to more
than $54 billion. Deposits of States and their political subdivisions have
also grown continuously, reaching $9 billion at the close of 1949. Postwar
data for the principal types of deposits are given in Table 17.
Table 17.

D e p o sits

of

A ll

B a n k s in

th e

U n ite d

S ta tes

b y T yp e o f D e p o sit, June and D e ce m b e r,

and

P o sse ssio n s,

1945-1949

(In millions)
Business and personal
Total
deposits
Total

Call dates

Dec. 31, 1949...............
June 30, 1949...............
Dec. 31, 1948...............
June 30, 1948...............
Dec. 31,1 9 4 7 ...............
June 30, 1947...............
Dec. 31, 1946...............
June 2 9 ,1 9 4 6 ...............
Dec. 3 1 ,1 9 4 5 ...............

$165,244
157,239
162,041
157,177
162,729
154,191
156,753
159,990
166,474

De­
mand

Time

Cer­
tified
checks,
etc.

$140,241
135,003
138,674
134,961
140,357
133,475
133,956
127,469
121,776

$83,454
78,399
83,167
79,723
85,303
79,551
81,276
76,693
73,876

$54,416
54,216
53,355
53,181
52,454
51,775
50.284
48,423
45.285

$2,371
2,388
2,152
2,057
2,600
2,149
2,396
2,353
2,615

States
and
subdi­
visions

U. S.
Gov’t

Inter­
bank1

$8,956
8,912
8,561
8,511
7,788
7,520
6,895
6,619
5,786

$ 3,318
2,373
2,515
2,249
1,534
1,423
3,164
13,515
24,770

$12,729
10,951
12,291
11,456
13,050
11,773
12,738
12,387
14,142

1 Includes postal savings deposits; prior to Dec. 31, 1947, includes unclassified deposits.

The abnormally large wartime deposit balance of the United States
Government was reduced from a total of $25 billion to $3 billion during
1946. Since that time it has fluctuated between $1.5 billion and $3 billion.
Interbank deposits also declined in 1946 and have shown little growth
since then. Seasonal fluctuations of interbank deposits have roughly
paralleled those of business and personal demand deposits.
Business and personal deposits provide a better basis than total
deposits for analysis of regional economic developments. Between 1945
and 1949 business and personal deposits expanded by 15 percent. Changes
in these deposits are shown by State in Chart B. All States participated
in this expansion. States with the largest relative growth include North
and South Dakota, Illinois, and Texas, and most other States in the
Middle West and Southwest. Deposit expansion was smallest in Washing­
ton, Oregon, and Alabama, and was typically smaller than average in
the Far West and Southeast.
Postwar changes in loans. The rapid postwar expansion of bank
loans moderated substantially during 1949. Commercial and industrial
loans outstanding declined by about $2 billion during the year. Real
estate, consumer, and other types of loans expanded, however, so that
all loans showed a net expansion of about 1 percent during 1949, compared
with 12 percent during 1948.



32

FEDERAL DEPOSIT INSURANCE CORPORATION

Chart B.

P e r c e n t a g e E x p a n s io n o f B u s in e s s a n d P e r s o n a l D e p o s i t s
ALL BANKS, DECEMBER

31, 1945-1949

Total bank loans, amounting to $50 billion at the close of 1949, were
approximately $20 billion above the total outstanding shortly after the
war ended. Banks in all States shared in this growth, but loan expansion
has been particularly rapid in States west of the Mississippi. In contrast,
the aggregate expansion of loans lagged behind the rest of the country
in New York, Massachusetts, and Illinois, where the large financial
centers of the country are located. Postwar changes in total loans of all
banks, by States, are shown in Chart C.
Marked changes have occurred in the composition of bank loans since
1945. At the close of 1945 commercial and industrial loans accounted
for about one-third of all loans. This proportion rose to 42 percent at
the end of 1947 but declined again during 1948 and 1949. Loans for
purchasing or carrying securities dropped from 22 percent to 5 percent
of all loans during 1946 and 1947, remaining at about the same proportion
during 1948 and 1949. These two groups of loans are the principal types
granted by large banks in the financial centers of the country.
Real estate loans, on the other hand, have grown from 30 percent to
36 percent of all loans between 1945 and 1949. Other loans to individuals
have risen from 8 percent to 16 percent of the total. Agricultural loans
have also increased more than proportionately, but not as spectacularly
as real estate or consumer loans. These three groups of loans are rela­
tively important in the portfolios of banks outside financial centers.



33

ASSETS, DEPOSITS, AND CAPITAL ACCOUNTS
C h art C .

P e r c e n t a g e E x p a n s io n

of

T

otal

L oans

ALL BANKS, DECEMBER 3 1 , 1 9 4 5 -1 9 4 9

The distribution of loans of all banks by principal type of loan at the
close of each year since 1945 is given in Table 18. Table 19 shows the
amount of agricultural and real estate loans, by type, during the same
period.
T a b le 18.

P r in c ip a l T

ypes of

L oans

P o s s e s s io n s , D

Dec. 31

All
loans,
net

Com­
mercial
and
industrial

of

A ll B an k s

ecem ber

Agri­
cultural
(ex­
cluding
real estate)

in th e

U n it e d St a t e s

and

3 1 , 1 9 4 5 -1 9 4 9

Real
estate

For pur­
chasing or
carrying
securities

Other
loans
to indi­
viduals

All
other

Am ount
(in millions)
19491
19481....................
1947.....................
19462....................
19452....................

$49,828
48,453
43,231
35,823
30,467

$17,195
19,055
18,295
14,237
9,600

$3,075
2,893
1,678
1,412
1,361

$18,350
16,704
14,302
11,675
8,980

$2,658
2,332
2,075
3,164
6,827

$8,159
6,960
5,791
4,109
2,419

$1,178
1,147
1,090
1,226
1,280

Percentage
distribution
19491....................
19481....................
1947.....................
1946.....................
1945.....................

100.0%
100.0
100.0
100.0
100.0

34.0%
38.8
42.3
39.8
31.5

6 .1%
5.9
3.9
3.9
4.5

36.3%
34.0
33.1
32.6
29.5

5.2%
4.8
4.8
8.8
22.4

16.1%
14.2
13.4
11.5
7.9

2.3%
2.3
2.5
3.4
4.2

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

1 Individual loan items reported gross; valuation reserves for all loans amounted to $787 million
in 1949 and $638 million in 1948.
2 Data from Annual Report of the Comptroller of the Currency.




31

FEDERAL DEPOSIT INSURANCE CORPORATION

Table 19.

A g r ic u l t u r a l

U n it e d St a t e s

and

and

R e a l E state L oans

P o s s e s s io n s , D

ecem ber

of

A ll B an k s

in

th e

31, 1945-1949

(In millions)
Agricultural
(excluding real estate)
Dec. 31
Total

1949.........................
1948.........................
1947.........................
19461........................
19451........................

$3,075
2,893
1,678
1,412
1,361

Directly
guar­
anteed
by CCC
$1,004
915
68
105
308

Other

$2,071
1,978
1,610
1,307
1,053

Real estate loans

Total

$18,350
16,704
14,302
11,675
8,980

On farm
land

$946
912
850
710
529

On
residential
properties

$14,245
12,820
10,869
9,542
7,560

Other

$3,159
2,972
2,583
1,423
891

1 Data from Annual Report of the Comptroller of the Currency.

At the end of 1949 real estate loans constituted the largest category
of loans. Loans on residential properties constitute the largest part of real
estate loans of all banks. This segment has expanded more rapidly
than loans on farm land. Loans on farm land have risen by less than
one-half billion dollars since 1945, loans on residential properties nearly
$7 billion. The relatively small growth of loans on farm land contrasts
sharply with developments during the real estate boom associated with
World War I.
A substantial portion of the real estate loans held by banks is guar­
anteed or insured by agencies of the Federal Government. Some idea
of the relative amount of guaranteed or insured real estate loans held by
banks can be gained from data published by agencies conducting these
programs. These data, however, are not entirely comparable with banking
data showing the total amount of real estate loans held by banks. Esti­
mates of the amounts of real estate and other loans guaranteed or insured
by agencies of the United States Government and held by commercial
banks on December 31, 1947, 1948, and 1949, are presented in Table 20.
The most rapid expansion of any principal type of loan during the
postwar period has occurred in the group of loans called “ other loans
to individuals.” Since most of these loans were made for the purpose of
purchasing consumer goods, the entire group has been frequently referred
to as “ consumer loans.” The main classification, however, has been
according to terms of payment rather than purpose. This has posed a
serious problem in the case of single payment loans to individuals. Many
of these loans were too large to be considered as consumer loans. Ac­
cordingly, for December 31, 1949, insured commercial banks reported
single payment loans larger than $3,000 separately from those below
$3,000. On that date, single payment loans above $3,000 aggregated
$2 billion. Loans classified as “ other loans to individuals” amounted
to $8 billion, and “ consumer loans” by insured commercial banks are
therefore estimated at $6 billion.



35

ASSETS, DEPOSITS, AND CAPITAL ACCOUNTS

Table 20.

E s t im a t e s

Insured

by

of

A g e n c ie s
D

C o m m e r c ia l B a n k L o a n s G u a r a n t e e d
of

th e

ecem ber

or

U n it e d St a t e s G o v e r n m e n t ,

3 1 , 1 9 4 7 -1 9 4 9

(In millions)
Total guaranteed
in whole or in part

Type of loan and guarantor agency

1949

1948

Guaranteed portion

1947

1949

1948

1947

All typ es..............................................................

$8,114

$7,124

$5,283r

$5,857

$5,023

$3,512

Real estate— total1..........................................
Federal Housing Administration................
Veterans Administration2..............................

5,752
2,841
2,911

4,935
2,240
2,695

3,851
1,801
2,050

4,232
2,828
1,404

3,517
2,230
1,287

2,711
1,786
925

Business loans— to ta l....................................
Veterans Administration2..............................
Reconstruction Finance Corporation.........
Export-Import Bank......................................
Federal Reserr2 13B3.....................................

544
127
315
100
2

593
140
328
122
3

788
183
409
187
9

386
48
236
100
2

427
56
246
122
3

573
71
307
187
8

Farm loans— to ta l..........................................
Veterans Administration2.............................
Commodity Credit Corporation.................
Farmer’s Home Administration..................

1,126
115
1,004
7

956
66
887
3

134
68
66

1,064
53
1,004
7

919
30
887
2

98
32
66

Consumer loans— total5................................
Federal Housing Administration................

692
692

640
640

510
510

175
175

160
160

130
130

1 Excludes farm real estate mortgage loans which are shown under farm loans.
2 Amortization estimated.
3 Includes loans approximating $1 million in 1948 and $2 million in 1947 which were guaranteed by
war agencies under Regulation V of the Board of Governors of the Federal Reserve System.
4 Less than $500,000.
6 Includes a small amount of Title I loans made by mutual savings banks not available separately,
r Revised.
N ote : Based on records and estimates of guarantor agencies.

The series for other loans to individuals by insured commercial banks,
by type, from 1945 to 1949 is presented in Table 21. This information is
available only for insured commercial banks.
Table 21.

O th er L oans

to

I n d iv id u a l s (C o n su m e r L o a n s )

I n s u r e d C o m m e r c ia l B a n k s , D

ecem ber

31 , 1 9 4 5 -1 9 4 9

(In millions)
Instalment loans
Dec. 31

1949.........................
1948.........................
1947.........................
1946.........................
1945.........................

Total

$8,007
6,807
5,656
4,030
2,361

Retail
auto­
mobile

$1,955
1,435
966
514
225

Other
retail

Repair
and
moderni­
zation

$1,023
797
551
328

$923
729
558
311
$2£66

Single payment

Cash

$1,170
1,080
944
675
398

Below
$3,000

$933

Above
$3,000

$2,003
$2,766
2,637
2,202
1,472

Maturities of investments in United States Government obliga­
tions. The average length of time to maturity of United States Govern­
ment obligations held by insured commercial banks was considerably
shortened during 1949. Holdings of Treasury bills, certificates, and
notes rose from $16 billion to $22 billion during the year. These acquisi­



36

FEDERAL DEPOSIT INSURANCE CORPORATION

tions reflected primarily refunding operations by the Treasury. Even
though purchases of Treasury bonds were substantial, investments in
these bonds declined from $45 billion to $44 billion in 1949, as maturing
bonds were refunded into short-term issues.
The amount of bonds moving into the category of issues maturing
in 5 years or less during 1949 was considerably greater than the amount
of bonds refunded. This, together with net purchases, raised the propor­
tion of bonds maturing in five years or less from 32 percent to 41 percent
of total investments in United States Government securities. The amount
and percentage distribution by type and maturity of United States
Government obligations held by insured commercial banks during the
period 1941 to 1949 is given in Table 22.
T a b le 2 2 .

M

a t u r it ie s

of

U n i t e d S t a t e s G o v e r n m e n t O b l i g a t io n s H

I n s u r e d C o m m e r c ia l B a n k s , D

by

ecem ber

eld

3 1 , 1 9 4 1 -1 9 4 9

Marketable issues
Direct
Year
end

Total

Guar­
anteed
issues

Bonds maturing in:2
Bills1

Am oi int (in miillions):
$3,692
1949 $65,847
1948 61,407
2,822
2,124
1947 67,960
1946 73,575
1,272
1945 88,933
2,456

Certif­
icates1

Notes1

$12,488
10,068
7,555
12,293
19,075

10 to 20 20 years
or more
years

5 years
or less

5 to 10
years

$ 5,812
3,395
5,920
6,781
16,047

$27,278
19,374
18,341
12,728
9,030

$ 7,692
15,114
22,202
29,700
32,230

$4,461
6,581
7,534
6,597
6,092

$2,409
2,059
2,654
3,008
2,787

75,896
58,693
40,712
21,047

3,972
4,637
4,462
988

15,303
13,220
6,729

15,781
7,673
5,800
3,159

5,918
5,790
2,865
1,551

25,467
16,776
10,047
3,970

5,796
6,160
6,470
5,930

1,917
1,620
1,337
1,347

Perce ntage
distri bution
1949 100.0%
1948 100.0
1947 100.0
1946 100.0
1945 100.0

5 .6%
4.6
3.1
1.7
2.8

19.0%
16.4
11.1
16.7
21.5

8 .8%
5.5
8.7
9.2
18.0

41.4%
31.6
27.0
17.3
10.2

11.7%
24.6
32.7
40.4
36.2

6.8 %
10.7
11.1
9.0
6.9

3.6 %
3.4
3.9
4.1
3.1

5.2
7.9

20.2
22.5
16.5

20.8
13.0
14.2
15.0

33.6
28.6
24.7
18.8

7.6
10.5
15.9
28.2

2.5
2.8
3.3
6.4

1944
1943
1942
1941

1944
1943
1942
1941

100.0
100.0
100.0
100.0

11.0
4.7

7.8
9.9
7.0
7.4

Nonmarketable
issues3

$

6
8
14
15
22

$2,009
1,986
1,616
1,181
1,194

978
2,501
2,718
4,102

764
316
284
(3
)

(4
)
(4
)

(4)

(4
)
(4
)
1.3
4.3
6.7
19.5

3.1 %
3.2
2.4
1.6
1.3
1.0
0.5
0.7
(3
)

1 Treasury bills are generally issued with maturities of 91 days; certificates of indebtedness have
maturities of approximately one year; and Treasury notes are issued with maturities of from one to
five years.
2 Based upon number of years to final maturity.
3 United States savings bonds, Treasury bonds (investment series A-1965), and depositary bonds.
Prior to December 31, 1947, this item included United States savings bonds only; depositary bonds
were included with other United States bonds according to maturity. Non-marketable issues were not
reported separately on December 31, 1941.
< Less than 0.05 percent.

Capital accounts of commercial banks. Total capital accounts
of all commercial banks rose during 1949 to $11 billion at the year end.
Successive increases in commercial bank capital in each postwar year
have brought the total to a point more than $2 billion above the figure



37

ASSETS, DEPOSITS, AND CAPITAL ACCOUNTS

reported on December 31, 1945. Net additions to common stock, in­
cluding stock dividends, totaled $528 million during this period.
Table 23.

C a p it a l A c c o u n t s

U n it e d S t a t e s

and

of

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

P o s s e s s io n s , D

ecem ber

Total
capital
accounts

1949.........................
1948.........................
1947.........................
1946.........................
1945.........................

Common
stock

$11,044
10,555
10,107
9,561
8,933

Preferred
stock,
capital
notes,
and de­
bentures

$3,431
3,296
3,192
3,068i
2,903i

$113
122
145
1751
2271

th e

Ratio of total
capital accounts to:

Amount (in millions)

Dec. 31

in

31, 1945-1949

Surplus

Undivided
profits
and
reserves

$4,948
4,646
4,450
4,155
3,873

Total
assets

Assets
other than
cash and

u. s.

Gov’t
obligations

$2,552
2,491
2,320
2,163
1,930

7.0%
6.8
6.5
6.4
5.5

19.9%
19.6
20.6
23.4
25.5

1 Partly estimated.

Book values of capital accounts and capital ratios of all commercial
banks for December 31, 1945 to 1949, are given in Table 23. The distri­
bution of insured commercial banks according to their ratio of total
capital accounts to total assets on December 31, 1949, is shown in Chart
D. Insured commercial banks had 98 percent of total assets and 97
percent of total capital accounts of all commercial banks.
Chart D.

B an k s G rouped
in s u r e d




by

R a t io

of

T o t a l C a p it a l A c c o u n t s

COMMERCIAL BANKS, DECEMBER

31, 1949

to

T

otal

A ssets

38

FEDERAL DEPOSIT INSURANCE CORPORATION

The average ratio of total capital accounts to total assets of all com­
mercial banks has increased from 5.5 percent on December 31, 1945, to
7.0 percent on December 31, 1949. During the same period, the ratio
of total capital accounts to assets other than cash and United States
Government obligations has dropped from 25.5 percent to 19.9 percent.
The majority of insured commercial banks had capital ratios within
a few percentage points above or below the average of 6.9 percent for
all insured commercial banks. There were, however, 354 banks with
capital ratios below 4 percent. Another 1,193 banks had ratios from
4 percent to 4.9 percent. In other words, approximately 12 percent of
the 13,436 insured commercial banks had capital ratios below 5 percent.
At the other extreme, 2,011 banks, or 15 percent of the total, had capital
ratios of 10 percent or more.
Further progress has been made toward retirement of the remaining
preferred stock and other Reconstruction Finance Corporation invest­
ments remaining in bank capital. From 1945 to the end of 1949 the total
book value of preferred stocks, capital notes, and debentures of all
commercial banks was reduced from $227 million to $113 million. The
retirable value of the amount outstanding at the end of 1949 was $175
million. The greater part of these accounts represents Reconstruction
Finance Corporation investments. As successive reductions were made,
however, two obstacles to early completion of the program became more
apparent: concentration in a few banks of the remaining amounts out­
standing, and the relatively low capital ratios of some of these banks.
Examiners’ appaisal of assets, liabilities, and capital, insured
commercial banks. One of the major tasks in the examination of a
bank is a review of the value of its assets, liabilities, and capital accounts.
In appraising assets examiners deduct from the value shown on the
bank’s books those which appear to be uncollectible and take into account
the value of assets which are not on the books. In recent years there has
been very little difference between the value of the assets of insured
commercial banks as carried on their own books and as appraised by
examiners. For each of the past five years, the examiners’ appraisal has
been about 1/100 of 1 percent below the book value. Ten years ago, the
examiners’ appraisal was 1/2 of 1 percent below the book value.
Examiners also classify some of the assets held by the banks as sub­
standard. These are assets which are believed to be unusually risky or
for other reasons are not suitable for ownership by the banks. During
1949 there was a small decline in the percentage of assets, included in
the examiners’ appraisal value, classified as substandard by bank ex­
aminers. This reduction of substandard assets was relatively evenly
distributed between loans and securities. During 1947 and 1948 the
proportion of substandard assets had turned upward.



39

ASSETS, DEPOSITS, AND CAPITAL ACCOUNTS

With continued growth in total capital accounts and reduction in the
amount of substandard assets, the ratio of substandard assets to adjusted
capital accounts was considerably improved in 1949. Substandard assets
declined from $8.00 per $100 of total capital accounts in 1948 to $7.32
per $100 in 1949.
Amounts and percentages of substandard assets of insured commercial
banks are given in Table 24 for each year from 1939 to 1949.
T a b le 2 4 .

Su b st a n d a r d A ssets

of

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

E x a m i n a t i o n s 1939

to

Substandard
loans

Substandard assets

194 9

Substandard
securities1

Substandard
fixed and
miscellaneous
assets

Per­
centage
Per­
Per­
Amount centage Amount centage Amount of total
of total
fixed
Total
(in
(in
(in
of total
and
other millions)
capital millions)
loans millions)
miscel­
secu­
ac­
laneous
rities
counts
assets

Percentage of

Year
Amount
(in
millions)2

Total
assets

7.32%
8.00
7.42
6.02
7.58

1949...................
1948...................
1947...................
1946...................
1945...................

$ 762
788
696
526
619

1944...................
1943...................
1942...................
1941...................

825
1,260
1,714
2,031

0.69
1.24
2.13
2.84

10.92
17.84
25.26
31.12

359
541
768
849

1.84
2.96
3.83
4.36

302
462
617
753

1940...................
1939...................

2,552
2,970

3.93
5.12

40.35
48.21

1,054
1,229

6.23
7.73

1,039
1,207

0.51%
0.53
0.48
0.36
0.45

$

515
533
422
(3
)
263

1.26%
1.35
1.28
(3
)
1.23

$ 200
211
231
(3
)
259

2.22%
2.51
2.92
(3
)
4.17
5.20
7.65
9.28

$ 47
44
44
(3
)
97

1.65%
1.51
1.67
(3
)
4.07

164
257
329
429

7.02
11.45
15.13
19.10

460
535

22.60
24.55

1 Amounts and percentages both refer to securities other than U. S. Government obligations.
Prior to 1942 no segregation was made between U. S. Government obligations and other securities.
2 Components do not necessarily add to the total because of rounding.
8 Data not available separately.
Detailed data for 19U1 to 19^9: see Table 108, pp. 152-53.

E a r n in g s

of

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

Net profits after taxes of insured commercial banks turned upward
again in 1949 to exceed the levels of the two preceding years, and were
only 8 percent below the record 1945 level. Nearly three-fifths of these
net profits were retained in capital accounts. At the same time dividend
payments to stockholders increased to the highest rate since 1941.
The major sources of income of insured commercial banks and the
disposition of this income in 1949 are shown in Chart E. Most of the
income was derived from current operating earnings; the remainder
resulted from profits on the sale of securities, recoveries on assets pre­
viously charged off, and transfers from reserve accounts. About fourfifths of this income went for current expenses, reserves and charge-offs
for losses, and income taxes; one-fifth remained as net profits.



40

FEDERAL DEPOSIT INSURANCE CORPORATION

Chart E.

S o u r c e s a n d D is p o s it i o n o f T o t a l In c o m e
i n s u r e d c o m m e r c ia l b a n k s , 1 949

SOURCES

DISPOSITION

The sources and disposition of total income of insured commercial
banks from 1945 to 1949 are summarized in Table 25.
Table 25.

S o u r c e s a n d D i s p o s i t i o n o f T o t a l In c o m e

I n s u r e d C o m m e r c ia l B a n k s , 1 9 4 5 t o

1949

(In millions)
1949
T otal in com e........................................................................
Sources
Loans....................................................................................
U . S. Government obligations........................................
Other securities..................................................................
Service charges (on deposit accounts)..........................
Other current earnings.....................................................
Recoveries (including transfers from reserve accounts
and profits on sale of securities)................................
Disposition
Salaries and wages.............................................................
Interest on deposits...........................................................
FDIC assessment...............................................................
Other current expenses.....................................................
Charge-offs (including losses and transfers to reserve
accounts)........................................................................
Income taxes.......................................................................
Net profits (after taxes)...................................................
Detailed data: See Table 111, pp. 160-61.




1948

1947

1946

1945

$3,820

$3,670

$3,360

$3,271

$2,992

1,760
1,013
202
194
438

1,600
1,008
190
174
432

1,282
1,080
179
148
409

951
1,219
177
125
390

727
1,133
167
110
346

213

266

262

409

509

1,111
328
109
736

1,044
317
109
694

947
298
105
633

831
269
98
565

691
233
86
513

380
325
831

486
275
745

294
302
781

283
323
902

264
299
906

41

EARNINGS OF INSURED COMMERCIAL BANKS

Total current operating earnings. In 1949 current operating
earnings totaled $3,607 million. This was larger than in any previous
year and represented an increase of 6 percent over 1948. A summary of
earnings, expense, and profit data of insured commercial banks for each
year since 1934 is given in Table 26.
T a b le 2 6 .

E a r n in g s , E x p e n s e s ,

and

P r o f it s

I n s u r e d C o m m e r c ia l B a n k s ,

of

1 9 3 4 -1 9 4 9
(In millions)
Chargeoffs in
Net
excess of
current
operating recoveries
earnings1 and profits
^on assets
sold2

Cash
dividends
declared
and
interest
paid on
capital

Net
profits
retained
in
capital
accounts

Total
current
operating
earnings

Total
current
operating
expenses1

1949..
1948..
1947..
1946..

$3,607
3,404
3,098
2,863

$2,284
2,164
1,982
1,763

$1,323
1,240
1,116
1,100

$167
219
32
1264

$325
276
302
323

$831
745
782
903

$354
332
315
299

$477
413
467
604

1945..
1944..
1943..
1942..

2,482
2,215
1,959
1,790

1,523
1,357
1,256
1,222

959
858
703
568

964
624
48

299
203
128
79

. 905
751
637
441

274
253
233
228

631
498
404
213

1941..
1940..
1939..
1938..

1,730
1,631
1,605
1,584

1,216
1,170
1,148
1,148

514
461
457
436

9
37
57
126

50
23
12
10

455
401
388
300

253
237
232
222

202
164
156
78

1937..
1936..
1935..
1934..

1,634
1,567
1,486
1,518

1,156
1,114
1,078
1,114

478
453
408
404

86
83*
195
741

11
12
5
3

381
524
208
-3405

Year

Income
taxes3

Net
profits
after
taxes

226
155
223
301
208
188 .........-5285

1 Figures for 1934-1941 are estimates and differ from reported figures by the amount of estimated
income taxes excluded from total current operating expenses. See note 3.
2 Book value of assets charged off, and transfers to valuation reserves, minus recoveries on assets
previously charged off, transfers from valuation reserves, and profits on assets sold.
3 Includes surtax and excess profits tax. Figures for 1934-1941 are estimates, based upon Bureau
of Internal Revenue figures of income taxes paid by national banks for 1934-1937, and paid by “ all
banks and trust companies” for 1938-1941. Income taxes have been reported separately since 1936 for
insured banks not members of the Federal Reserve System, and since 1942 for banks members of the
Federal Reserve System.
4 Recoveries and profits on assets sold in excess of charge-offs.
5 Net loss.
Detailed data for 19U1 to 13U9: see Table 111, pp. 160-61.

Income from loans contributed almost half of total current operating
earnings in 1949. This source of income has risen steadily in importance
since 1945, when it constituted only 29 percent of current earnings. The
10 percent increase in income on loans in 1949 followed a 25 percent
growth in 1948, a 35 percent advance in 1947, and a 31 percent increase
in 1946. While the rate of increase has tapered off in recent years, it is
still fairly high.
The record $1,760 million income from loans in 1949 was almost
2-1/2 times as great as in 1945. This growth was due about equally to
the increase in the volume of loans outstanding and to the advance in
the average rate of income on loans. The latter rose from 3.09 percent in



42

FEDERAL DEPOSIT INSURANCE CORPORATION

1945 to 4.22 percent in 1949, due principally to a shift toward a greater
proportion of higher yielding types of loan, and partly to an increase
in rates of interest. The average rates of income on loans as well as other
operating ratios for the years 1945 to 1949 are given in Table 27.
T a b le 2 7 .

S e l e c t e d O p e r a t i n g R a t io s

of

I n s u r e d C o m m e r c ia l B a n k s , 1 9 4 5 -1 9 4 9

Operating ratio

1949

1948

1947

1946

1945

Net current operating earnings to total assets...............
Net profits after taxes to total capital accounts............
Dividends and interest on capital to total capital
accounts...............................................................................
Retained net profits to total capital accounts...............

0.87%
7.98

0.82%
7.49

0.75%
8.20

0.72%
10..01

0.66%
10.87

3.40
4.58

3.33
4.16

3.31
4.89

3.32
6.69

3.29
7.58

Average rate of income on loans........................................
4.22
Average rate of income on securities................................
1.68
0.91
Average interest paid on time and savings deposits. . . .
0.18
Average service charges to demand deposits..................
Income taxes to net profits before income taxes........... 28.11

4.04
1.64
0.90
0.17
26.98

3.79
1.60
0.87
0.14
27.89

3.43
1.56
0.84
0.11
26.38

3.09
1.46
0.87
0.10
24.80

Total income from securities of $1,215 million in 1949 was practically
the same as in 1948, and comprised one-third of total current operating
earnings. The average rate of income on securities increased for the
fourth successive year, and in 1949 averaged 1.68 percent. Income from
United States Government obligations, which constitute the major
portion of the securities portfolio, increased less than 1 percent. This
represented some stabilization of income from this source, following the
decline during 1947 and 1948 from the 1946 peak. Income from all other
securities advanced 6 percent in 1949.
Other current operating earnings amounted to $632 million or 18
percent of the total. Over a fourth of this amount came from service
charges on deposit accounts, which continued to grow in importance.
Another fourth was earned by the trust departments of banks. Miscel­
laneous earnings from commissions, fees, and rentals accounted for the
rest of current operating earnings.
Total current operating expenses. Current operating expenses of
insured commercial banks totaled $2,284 million in 1949, 6 percent
greater than in 1948. Almost half the total consisted of salaries and
wages. The number of bank employees totaled 365,747 at the end of
the year. Both the total and average compensation of bank employees
increased moderately during the year. The average amount paid to
bank officers was $5,993; the average paid to other employees was $2,380.
Interest paid on time and savings deposits amounted to $328 million
in 1949. This was an increase of 4 percent over the preceding year and
was the largest amount ever paid by insured commercial banks. Interest
paid on deposits constituted 14 percent of total expenses in 1949, com­
pared with 15 percent in 1945 and 27 percent in 1934. The decline in the
relative importance of interest payments since 1934 has been due to the



43

EARNINGS OF INSURED COMMERCIAL BANKS

fall in the average rate of interest paid on time and savings deposits;
the amount of such deposits has increased substantially. In 1949 interest
paid on such deposits averaged 0.91 percent, practically the same rate
as in 1948.
Other operating expenses were $845 million and comprised 37 percent
of total expenses in 1949. These include such varied items as taxes other
than on net income, rentals, depreciation on fixed assets, interest on
borrowed money, fidelity and other insurance premiums, advertising,
travel, office supplies, deposit insurance assessments, dues and contribu­
tions to various organizations, and other incidental items.
Net current operating earnings. Gross earnings exceeded gross
expenses by a record $1,323 million in 1949, an increase of 7 percent above
1948. The rate of net earnings on total assets advanced from 0.82 percent
in 1948 to 0.87 percent in 1949, the highest rate since 1934. This represents
a substantial advance from the war-time low of 0.66 percent in 1945.
Charge-offs, recoveries, and transfers to and from reserves.
The major element in the charge-offs of 1948 and 1949 was the transfer
of larger amounts to valuation reserves against loans. This practice was
stimulated by the December 8, 1947, ruling of the Commissioner of
Internal Revenue permitting banks to accumulate limited amounts of
tax-free reserves for bad-debt losses on loans. By the end of 1949 over
two-fifths of all insured commercial banks had added to their reserves
in accordance with this ruling, bringing total reserves in these accounts
to $464 million, as shown in Table 28. During the year $221 million were
added to all reserve accounts against loans, and only $28 million trans­
ferred from such accounts, leaving a total of $548 million in these ac­
counts at the end of 1949.
T a b le 2 8 .
L osses

on

U se

of

L oans

R eserve M
by

ethod

of

A c c o u n t in g

for

I n s u r e d C o m m e r c ia l B a n k s , 1 9 4 8

Banks using reserve method

Number

B ad D
and

ebt

194 9

Amount of reserves for
bad debt losses on loans
(in thousands)1

Percentage
Dec. 31, 1949 Dec. 31,1948

1949
Insured commercial banks in
the United States...................
National banks...............................
State banks members of Federal
Reserve System.........................
State banks not members of
Federal Reserve System..........

1948

1949

1948

5,576

5,120

42%

38%

$463,773

$320,6582

2,336

2,135

47

937

888

49

43

280,983

199,3632

46

132,290

2,303

2,097

35

86,928

32

50,500

34,367

1
Reserves for bad debt losses on loans comprise the major portion of valuation reserves against
loans; the latter totaled $548,034,000, on December 31, 1949.
2 Revised.




44

FEDERAL DEPOSIT INSURANCE CORPORATION

Losses and charge-offs on loans slightly exceeded recoveries on loans
during the year. Similarly, losses, charge-offs, and transfers to reserve
accounts on securities exceeded recoveries and transfers from these
accounts, but were more than offset by profits on securities sold. Gross
charge-offs, recoveries and profits on securities sold, and net charge-offs
on total assets by insured commercial banks from 1934 to 1949 are shown
in Chart F.




[Chart F.

R e c o v e r ie s an d C h a r g e -O ffs

i n s u r e d c o m m e r c ia l b a n k s , 1 9 3 4 -1 9 4 9

45

EARNINGS OF INSURED COMMERCIAL BANKS

For all assets, losses, charge-offs, and transfers to reserve accounts
totaled $380 million in 1949. This amount was partly offset by recoveries
and transfers from reserve accounts of $140 million. A further offset
was the $73 million profits on the sale of securities. The balance, or net
charge-offs, amounted to $167 million in 1949, compared with $219
million in 1948. While net charge-offs thus declined in 1949, the situation
contrasts sharply with the experience from 1943 to 1946 when recoveries
and profits on assets exceeded losses and charge-offs.
Net profits. The combined effect of higher net current operating
earnings and lower net charge-offs was to increase net profits in 1949.
Net profits before income taxes were $1,156 million. Income taxes reduced
this to $831 million, a greater amount than in either 1947 or 1948, and
only 8 percent below the record 1945 level. Net profits after income taxes
in 1949 were equal to 0.55 percent of the total assets of the banks, in
comparison with 0.49 percent in the preceding year.
For the first time since 1945 the rate of return on capital turned upward.
In 1949 net profits after taxes were 7.98 percent of total capital accounts,
compared with 7.49 percent in 1948 and an average of 7.74 percent
during the preceding ten years.
Dividends and retained profits. Chart G shows the amount and
disposition of net profits after taxes from 1935 to 1949.
C h art G .

D

i s p o s it io n o f

N

et

P r o f it s A f t e r T a x e s

i n s u r e d c o m m e r c ia l b a n k s ,

1 9 3 5 -1 9 4 9

MILLIONS OF DOLLARS

MILLIONS OF DOLLARS

I

........................................ S M M a 1

1935

1936

1937

1938




1939

1940

1941

1942

1943

1944

1945

1946

1947

1948

1949

' 0
■

46

FEDERAL DEPOSIT INSURANCE CORPORATION

For the seventh successive year dividend payments increased, reaching
a new high of $354 million. This represented a return of 3.40 percent on
total capital accounts, the highest rate received by stockholders since
1941. Notwithstanding this increase, dividend payments were a smaller
proportion of net profits than in the preceding year, declining from 45
percent to 43 percent. This compares with an average of 39 percent
disbursed during World War II and 61 percent in the prewar period.
Higher net profits in 1949 permitted not only greater dividends but
also larger additions to capital accounts than in previous years. A total
of $477 million, or 15 percent more than in 1948, was retained in capital
accounts. The proportion of net profits retained in 1949 was 57 percent,
slightly higher than in the preceding year and substantially higher than
in prewar years.
Geographical variation in net profits and their disposition.
There was considerable variation among the States in the rate of net
profit on total capital accounts and in the disposition of profits, as shown
in Chart H and Table 29. Banks in the West and Southeast recorded
the highest rates of profit. Of the 24 States whose banks averaged 10
percent or higher, 18 were west of the Mississippi River and the other
six were in the Southeast. New Mexico with 13.95 percent had the
highest rate. The lowest average rates of net profit were in the District
of Columbia and ten northeastern States. New York with 5.19 percent
had the lowest rate.
In general, the proportion of profits retained varied directly with the
level of profits. Thus the States whose banks retained the highest propor­
tion, Idaho and Nevada each with 85 percent, were among the States
with the highest rates of net profit. Conversely, the lowest proportion
retained was the 34 percent by banks in New York. There were, however,
three conspicuous departures from this pattern. Banks in California
retained a smaller proportion of profits than the national average even
though their rate of net profit was above the national average. On the
other hand, banks in Maine and New Hampshire retained a higher
proportion of profits than the national average even though their rates
of net profit were below the national average.
The amount and proportion of net profits retained varies not only
with the rate of net profit, but also with the need for additions to capital
accounts. Thus the relatively small proportion of profits retained by
banks in New York State may be explained on the basis that their average
ratio of total capital accounts to total assets is appreciably above the
national average. On the contrary, States whose banks have relatively
low capital ratios generally retained a relatively large proportion of
profits. There were, however, a few departures from this general rela­
tionship. Of the 12 States whose banks had a ratio of total capital ac­



47

EARNINGS OF INSURED COMMERCIAL BANKS

counts to total assets equal to or above the United States average in
1949, banks in five of them retained a higher than average proportion of
net profits. These five states were New Hampshire, Maine, West Virginia,
Virginia and Kentucky. On the other hand, banks in 36 States and the
District of Columbia had a capital ratio below the United States average;
banks in four of them—Maryland, the District of Columbia, California,
and Montana—retained a smaller than average proportion of net profits.
T a b le

29.

C o m p a r is o n

of

Se le c te d

R a t io s

of

I nsured

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

B y S t a t e , 1949

Ratio of total
capital ac­
counts to
total assets
(Dec. 31)
United States.................................

Proportion of
net profits
after taxes
retained in
capital
accounts

Ratio of net
profits after
taxes to total
capital
accounts
7.98%

Ratio of
dividends to
total capital
accounts

6 .9%

57.4%

Alabama........................................
Arizona...........................................
Arkansas........................................
California......................................
Colorado........................................

6.7
4.8
6.3
5.4
5.9

64.7
65.1
69.5
51.7
71.1

9.83
11.99
11.75
11.70
10.26

3.47
4.19
3.59
5.65
2.96

Connecticut..................................
Delaware........................................
District of Columbia...................
Florida............................................
Georgia..........................................

7.6
9.6
6.3
6.2
6.8

52.4
46.8
47.8
75.7
61.1

6.80
6.97
7.30
10.52
10.48

3.23
3.71
3.81
2.55
4.08

Idaho..............................................
Illinois............................................
Indiana...........................................
Iowa................................................
Kansas............................................

4.8
5.8
5.8
6.2
5.8

84.8
67.1
71.7
73.4
73.3

12.61
9.18
8.68
11.02
11.23

1.91
3.02
2.45
2.93
3.00

Kentucky.......................................
Louisiana.......................................
Maine.............................................
Maryland.......................................
Massachusetts..............................

6.9
5.1
8.8
6.6
8.2

64.4
72.0
61.0
54.4
40.4

9.19
10.12
7.16
7.41
5.73

3.28
2.83
2.79
3.38
3.42

Michigan........................................
Minnesota......................................
Mississippi.....................................
Missouri.........................................
Montana........................................

5.4
6.2
6.0
5.8
4.2

62.7
65.3
67.9
64.3
45.4

9.08
9.27
10.15
9.93
7.58

3.38
3.22
3.26
3.55
4.14

Nebraska........................................
Nevada..........................................
New Hampshire...........................
New Jersey....................................
New Mexico..................................

5.8
5.6
10.3
6.7
4.9

69.8
84.9
58.2
70.5
73.1

10.78
12.04
5.59
9.20
13.95

3.26
1.81
2.34
2.72
3.75

New York......................................
North Carolina.............................
North Dakota..............................
Ohio.................................................
Oklahoma......................................

8.4
6.5
5.0
6.1
6.4

33.8
75.8
70.2
67.0
69.8

5.19
12.01
13.14
8.20
11.24

3.44
2.90
3.91
2.71
3.40

Oregon............................................
Pennsylvania................................
Rhode Island................................
South Carolina.............................
South Dakota...............................

6.0
9.7
7.3
6.0
5.5

75.5
52.2
48.2
67.4
72.8

10.40
6.31
6.07
11.06
13.01

2.55
3.02
3.14
3.61
3.54

Tennessee........... ...........................
Texas..............................................
Utah................................................
Vermont.........................................
Virginia..........................................

6.1
5.5
5.9
10.1
7.3

67.3
60.1
61.4
56.9
62.7

10.19
9.52
11.04
6.30
9.12

3.33
3.80
4.26
2.72
3.40

Washington...................................
West Virginia................................
Wisconsin......................................
Wyoming.......................................

5.6
8.1
6.0
5.4

68.6
68.0
67.1
72.6

10.71
8.82
8.07
11.43

3.37
2.82
2.65
3.13




3.40%

48

FEDERAL DEPOSIT INSURANCE CORPORATION

C h art

H.

C o m p a r is o n

W

it h

of

P r o f it s R e t a i n e d

C a p it a l R a t io s

and

R ates

of

in

N

C a p it a l A

et

in s u r e d c o m m e r c ia l b a n k s i n e a c h s t a t e ,




10%

1949

RATES OF NET PROFITS RETAINED
AND DISBURSED
9%
10%

RATIO OF TOTAL CAPITAL ACCOUNTS
TO TOTAL ASSETS
5%
10%

5%

ccounts

P r o f it s

15%
U. S. AVERAGE

M

Sa y in g s B

utual

anks

Number, deposits, and assets of all mutual savings banks. At
the end of 1949 there were 531 mutual savings banks in the United
States. These savings banks are heavily concentrated in the Northeastern
States. All but 16 are located in the New England and Middle Atlantic
States. The number of mutual savings banks and their relative importance
in the States where they are located are indicated in Table 30.
T a b le 3 0 .
in

N

umber

and

D

e p o s it s

St a t e s H a v in g M

Number of
banks

of

utual

A ll B a n k s

and

S a v in g s B a n k s , D

Total deposits
(in millions)

M

S a v in g s B a n k s

utual

ecem ber

Time deposits of
business and
individuals
(in millions)

3 1 , 1949

Mutual savings banks
as a percentage of
all banks
Time
deposits
of
Num­
Total
busi­
ber
deposits ness
and
indi­
viduals

All
banks

Mutual
savings
banks

All
banks

Mutual
savings
banks

531

$164,467

$19,293

$54,129

$19,269

4%

12%

36%

531

93,321

19,293

36,868

19,269

9

21

52

96
110
77
374
28
189

32
34
7
190
9
72

675
533
328
7,374
1,011
2,827

236
275
85
3,249
264
1,323

431
386
233
3,992
566
1,728

235
275
84
3,248
264
1,322

33
31
9
51
32
38

35
52
26
44
26
47

55
72
36
81
47
77

New York............
New Jersey..........
Pennsylvania. . . .
Delaware..............
Maryland.............

770
355
985
40
173

130
23
7
2
9

41,920
5,088
11,102
562
1,977

11,106
546
1,062
88
398

15,016
2,526
3,987
149
812

11,102
536
1,062
88
396

17
6
1
5
5

26
11
10
16
20

74
21
27
59
49

Ohio.......................
Indiana.................
Wisconsin.............
Minnesota............
Oregon...................
Washington..........

664
492
556
683
71
125

3
4
4
1
1
3

7,492
3,108
2,969
2,972
1,291
2,092

237
43
12
158
16
195

2,729
916
1,259
1,026
386
726

236
40
12
158
16
195

C)
1
1
1
0)
1
2

3
1
0)
5
1
9

9
4
1
15
4
27

All
banks

Mutual
savings
banks

United States—
total.....................

14,687

17 States— to ta l..

5,788

Maine....................
New Hampshire..
Vermont...............
Massachusetts. . .
Rhode Island. . . .
Connecticut.........

1 Less than 0.5 percent.
Detailed data: See Table 103, pp. 136-37.

Though mutual savings banks comprise less than 4 percent of the total
number of banks in the United States, they hold about 12 percent of
total bank deposits. Few of them accept demand accounts, and con­
sequently they compete with commercial banks only with respect to
savings and time deposits. At the end of 1949, mutual savings banks
held 36 percent of the total savings and time deposits of business and
individuals in the United States; in both New England and New York
State they held 74 percent.
Mutual savings banks have shared substantially in the growth in
savings and time deposits since World War II. The $19 billion of deposits



49

50

FEDERAL DEPOSIT INSURANCE CORPORATION

in mutual savings banks at the end of 1949 represented a 25 percent
expansion since December 31, 1945, and a 5 percent increase during the
year. In contrast, savings and time deposits of business and individuals
in commercial banks in New England and New York State increased
15 percent between 1945 and 1949; during 1949 these deposits declined
2 percent.
Mutual savings banks have customarily invested most of their funds
in long-term obligations, largely real estate loans and government
securities. During 1949 assets of mutual savings banks increased 5
percent. Most of the growth was in loans, which advanced 16 percent.
Holdings of United States Government obligations declined slightly
during the year, but still comprised over half of total assets. Holdings
of other securities, which were about one-tenth of total assets, increased
7 percent during the year. Recent changes in the principal assets and
liabilities of all mutual savings banks are given in Table 31.
T a b le 3 1 .

A ssets

and

L ia b il it ie s

of

A ll M

U n it e d St a t e s , Se l e c t e d D

utual

ates,

Sa v in g s B a n k s

Amount (in millions)
Asset, liability, or surplus
and capital account item

Dec. 31,
1949

Dec. 31,
1948

in

the

1 9 4 5 -1 9 4 9
Percentage change1

Dec. 31,
1945

1948 to
1949

1945 to
1949

$21,493

$20,474

$17,021

Cash and funds due from banks...............
United States Government obligations. .
Obligations of States and political
subdivisions...............................................
Other securities.............................................
Real estate and other loans.......................
Miscellaneous assets....................................

873
11,428

878
11,476

609
10,673

—
0.6
-0.4

43.2
7.1

86
2,308
6,578
220

71
2,162
5,686
201

89
1,166
4,281
203

22.1
6.8
15.7
9.5

-3 .5
98.0
53.7
8.3

Total liabilities and surplus accounts

21,493

20,474

17,021

5.0

26.3

Total deposits................................................
Miscellaneous liabilities..............................
Surplus and capital accounts.....................

19,293
78
2,122

18,405
70
1,999

15,385
43
1,593

4.8
11.7
6.2

25.4
79.2
32.2

Number of banks included.............................

531

532

-0 .2

-2 .0

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

5422

5.0%

26.3%

i Computed from unrounded figures.
* Includes 8 guaranty savings banks in New Hampshire.
Detailed data: See Table 105, pp. 142-43.

At the beginning of 1949 more than 40 percent of the United States
Government obligations held by mutual savings banks was in Treasury
bonds maturing beyond 20 years. During the year this proportion dropped
to 30 percent. However, the average length of time to maturity of
Treasury bonds held by mutual savings banks was lengthened, because
of the sale of bonds with less than 10 years to maturity which were
eligible for purchase by commercial banks and the acquisition of issues
with longer maturities. The maturity distribution of mutual savings
bank holdings of United States Government obligations for December
31, 1947, 1948, and 1949 is shown in Table 32.



51

MUTUAL SAVINGS BANKS
T a b le 3 2 .

M
by

a t u r it ie s

M

utual

of

U n i t e d S t a t e s G o v e r n m e n t O b l i g a t io n s H

Sa v in g s B a n k s , D

ecem ber

Percentage distribution

Amount (in millions)
Type and maturity
Dec. 31,
1949

Dec. 31,
1948

eld

3 1 , 1 9 4 7 -1 9 4 9

Dec. 31,
1947

Dec. 31,
1949

Dec. 31,
1948

Dec. 31,
1947

100.0%

100.0%

100.0%

United States Government
obligations— to ta l..............

$11,428

$11,476

$11,978

Marketable issues:
Direct:
Treasury bills, certificates,
and notes...........................

290

391

314

2.5

3.4

2.6

Bonds maturing in:1
5 years or less..................
5 to 10 years.....................
10 to 20 years..................
Over 20 years...................

1,120
387
5,691
3,370

948
1,111
3,794
4,695

652
1,415
3,712
5,515

9.8
3.4
49.8
29.5

8.2
9.7
33.1
40.9

5.5
11.8
31.0
46.0

(2
)

(*)

(2
)

Guaranteed issues.................

1

N on-marketable issues3............

569

3

(2
)
537

367

5.0

4.7

3.1

1 Based upon number of years to final maturity.
2 Less than $500,000 or .05 percent.
* United States savings bonds, Treasury bonds (investment series A-1965), and depositary bonds.

Number, deposits, and assets of insured mutual savings banks*
There were 192 mutual savings banks insured by the Federal Deposit
Insurance Corporation at the end of 1949. These banks comprised 36
percent of all mutual savings banks and held 70 percent of total deposits
in mutual savings banks. These percentages have changed little since
1943, when 125 mutual savings banks in New York State were admitted
to Federal deposit insurance.
The proportion of mutual savings banks insured by the Corporation
varies widely among the States, as shown in Table 33. In eight of the
17 States having mutual savings banks all of them are insured by the
Corporation; in four States, on the contrary, none is insured by the
Corporation. The difference in insurance status is particularly significant
in the cases of New York State, where all mutual savings banks are
insured, and in Massachusetts, where no mutual savings bank is insured
by the Corporation. These two States have, respectively, 58 percent and
17 percent of total deposits in all mutual savings banks. Thus the char­
acteristics of insured mutual savings banks are largely determined by
those in New York State, while the characteristics of noninsured mutual
savings banks are dominated by those in Massachusetts.
Insured mutual savings banks do not differ significantly from all
mutual savings banks in their essential characteristics. Changes in assets
and in their composition follow the same pattern. The main difference in
recent years has been the more rapid growth in deposits of insured mutual
savings banks, and this has been due primarily to the fact that savings
deposits in New York State have grown more rapidly than those in
Massachusetts and other New England States.



52

FEDERAL DEPOSIT INSURANCE CORPORATION
T a b le 3 3 .

N
M

umber

and

D

e p o s it s

$19,293

$13,591

$5,702

26
34

27

209
275

190
9
69

236
275
85
3,249
264
1,323

11,106
546
1,062

2
7

11,106
546
1,062
88
398
237
43
12
158
16
195

237
30
12
158
16
195

192
6
7

130
23
7

Ohio................................
Indiana..........................
Wisconsin.....................
Minnesota.....................
Oregon...........................
Washington..................

3
4
4
1
1
3

3
3
3
1
1
3

2

Percentage of
mutual savings
banks insured
on basis of—

339

531

130
23
7
2
9

o n in s u r e d

Non­
insured
banks

Maine............................
32
New Hampshire..........
34
Vermont........................
7
190
Massachusetts.............
............... Island 9
Rhode
Connecticut..................
72
New York.....................
New Jersey...................
Pennsylvania...............
Delaware.......................
Maryland......................

N

Insured
banks

Non­
insured

3

and

31 , 1949

Total

Insured

Total

I n sured

ecem ber

Deposits in mutual
savings banks
(in millions)

Number of mutual
savings banks

17 States— to ta l............

of

Sa y in g s B a n k s , D

utual

1
1

78

36%

70%

‘3,249
264
1,284

19

12

100

85
39

Number Deposits

100

88
320
13
C)
1

4

3

100
100
100

100
100
100

22

20

100
75
75
100
100
100

100
71
97
100
100
100

1 Less than $500,000.
Detailed data: See Table 103, pp. 136-37.

Earnings of insured mutual savings banks. Earnings data are
obtained by the Corporation only for insured mutual savings banks. For
the eighth successive year both total and net current operating earnings
of insured mutual savings banks advanced to new highs. Depositors
received record dividends, while income carried to surplus accounts was
slightly below 1948.
In 1949, 86 percent of total earnings of $437 million came from real
estate mortgages and United States Government obligations. Income on
real estate loans advanced 15 percent to $191 million, while interest of
$183 million on United States Government obligations was about the
same as in 1948. Interest on other securities increased over a fourth
during the year but still comprised only about 10 percent of total earnings.
Growth in the volume of loans was wholly responsible for the increase
in loan income during 1949. The average rate of income on loans declined
slightly during the year to 4.37 percent, as shown in Table 34. This was
the fourth successive year that the average rate of income on loans has
declined. In contrast to the declining rate of income on loans, the average
rate of income on securities increased slightly to 2.44 percent, the highest
rate since 1943. A major factor in this increase was the relatively larger
holdings of corporation bonds, which bear a higher average rate of
interest than United States Government obligations.



53

MUTUAL SAVINGS BANKS
T a b le 3 4.

A m ounts
P a id

and

by

A verage R ates

I nsured M

Income (in millions)
from—

utual

of

I n c o m e R e c e iv e d

and

Rate of income on— 2

Dividends paid
on deposits

Year1
Loans

Securities

1949.........................
1948.........................
1947.........................
1946.........................

$194
169
153
144

$228
220
209
194

1945.........................
1944.........................
1943.........................

143
141
139

160
128
101

D

iv id e n d s

S a v in g s B a n k s , 1 9 3 4 -1 9 4 9

Loans

Securities

4.37%
4.43
4.51
4.58

2.44%
2.38
2.34
2.35

4.61
4.53
4.44

2.31
2.38
2.54

Amount
(in
millions)
$236
196
181
160
143
132
118

Rate2

Ratio of
dividends
to net
current
earnings

1.79%
1.57
1.53
1.47

70.9%
64.8
64.3
60.3

1.49
1.60
1.65

58.5
63.3
63.6

1 Earlier data are not comparable.
2 Loans, securities, and deposits used in computing these ratios are averages of figures reported at
beginning, middle, and end of year.
Detailed data: See Tables 118 and 119, pp. 182-85.

Current operating expenses totaled $104 million in 1949. Almost half
of this amount consisted of wages and salaries, which increased slightly
during the year. Officers received an average of $9,813 while other
employees averaged $2,952.
Dividends paid to depositors were $236 million. This equalled 71
percent of net current operating earnings and represented the highest
proportion of earnings distributed since 1939. The amount distributed
was 20 percent above 1948, and the largest in the history of insured
mutual savings banks. These dividend payments, similar to interest paid
by other banks, afforded an average payment to depositors of 1.79 percent
on their time and savings deposits. This represents the highest average
rate of dividends on deposit accounts in the last ten years, and reflects
numerous increases during the year in the rate paid by individual banks.
Net current operating earnings in excess of dividends on deposits
were $97 million. This amount was augmented by profits on sales of
securities and by other recoveries and transfers from reserves of $78
million. However, losses and charge-offs and transfers to reserves ag­
gregated $88 million, and taxes computed on net income amounted to
$4 million. Mutual savings banks are not subject to income tax, either
State or Federal. However, most of the States where mutual savings
banks are located levy franchise taxes on them. In six States the amount
of this tax is related to the net income of the bank, and is therefore
treated in earnings reports as an income tax.
The remaining net income of insured mutual savings banks, amounting
to $82 million, was retained, and raised total surplus and other capital
accounts to $1,420 million. The ratio of surplus and capital accounts
to total assets remained at 9.4 percent.






PART THREE
DEPOSIT ACCOUNTS AND INSURANCE COVERAGE







S p e c ia l C a l l s

for

D

e p o s it

I n f o r m a t io n

The Federal Deposit Insurance Corporation from time to time calls
for special reports from all insured banks to aid in estimating its con­
tingent liability in insuring bank deposits. The latest call was as of
September 30, 1949.1 Four previous calls for this purpose have been
made. These were in 1936, 1938,1941, and 1945.2In 1934 insured banks, as
a basis for adjusting the deposit insurance assessment under the temporary
deposit insurance plan then in operation, reported the amount of their
insured deposits.*
The information requested on the special calls relates to seven types
of deposit accounts: demand deposits of individuals, partnerships and
corporations; savings and time deposits of individuals, partnerships
and corporations; government deposits; interbank deposits; trust funds
held in cash in a bank’s trust department or deposited in its commercial
or savings department or in other banks; outstanding drafts; and other
deposits. For each of these types of deposit, information is obtained
regarding the number of accounts, and the deposits in them, in four
groups: accounts of $5,000 or less, $5,000 to $10,000, $10,000 to $25,000,
and more than $25,000.
Total deposits as reported on these special calls include all bank
liabilities which are treated as deposits in computing the insurance
assessment paid to the Corporation. This total differs from total deposits
as given in the statements of assets and liabilities, commonly called
reports of condition, which are submitted to bank supervisory agencies
for two or more dates each year. The definition of deposits for computation
of the insurance assessment includes trust funds deposited in other banks,
outstanding bank drafts, and reciprocal demand balances with other
banks, all of which are excluded from the definition of deposits in reports
of condition.4 On the other hand, deposits as defined for computation
of the insurance assessment may exclude outstanding officers’ and
1 The form and instructions for this report are shown on pp. 110-13.
2 See the following annual reports of the Federal Deposit Insurance Corporation: 1936, pp. 65-77
and 93-94; 1938, pp. 79-99 and 109-11; 1941, pp. 63-78; 1945, pp. 63-80; and 1946, pp. 79-91.
3 The Banking Act of 1933, which created the Federal Deposit Insurance Corporation, provided
for a temporary deposit insurance plan pending inauguration of the permanent plan provided in the
same Act. Under this temporary plan deposits were protected in closed insured banks up to “ $2,500 on
account of the net approved claim of the owner of any deposit” . Banks insured under the temporary
plan were required to pay to the Corporation one-fourth of 1 percent of the amount of their insured
deposits on the date of admission to insurance. In June 1934 the temporary deposit insurance plan was
extended until July 1, 1935; in June 1935 it was further extended until the effective date of the Banking
Act of 1935. As of July 1, 1934, the insurance coverage was raised to $5,000 for each depositor, with the
exception that mutual savings banks were authorized to select either the $2,500 or $5,000 coverage.
Each bank insured under the temporary plan was required to submit a statement of its insured deposits
on October 1, 1934, and to adjust the assessment paid to the Corporation in accordance with the increased
amount of deposits covered by insurance. See the Annual Report of the Federal Deposit Insurance
Corporation for 1934, pp. 60-62, 126, 128, 140-47, 184-93, and 244.
4 Insured banks do not necessarily pay assessments on these items, as they may be deducted in
part from deposits when computing the amount to which the assessment rate is applied. Tne deductions
are estimated at 2 percent of total deposits.




57

58

FEDERAL DEPOSIT INSURANCE CORPORATION

cashiers, checks drawn for meeting expenses of the bank or dividends to
stockholders, though such checks are included in the definition for reports
of condition.
Because of the differences in definition the total deposits reported on
a special call date exceed the amount for the same date as defined for
reports of condition. On the special call for September 30, 1949, the
banks were asked to report both totals. For that date total deposits as
defined for computation of the insurance assessment exceeded by 1.1
percent the total as defined for reports of condition, the two figures
being nearly $153 billion and slightly over $151 billion, respectively. A
comparison of the amounts reported in various deposit categories, ac­
cording to the two definitions, is shown in Table 35. For comparative
purposes the amounts of total deposits given on reports of condition for
June 30 and December 31, 1949, are also shown in the table.
T a b le 3 5 .

C o m p a r is o n

of

D

e p o s it s

R eports

of

R eported

in

th e

S p e c ia l S u r v e y

and

in

C o n d i t io n , 19 4 9

ALL INSURED BANKS, UNITED STATES AND POSSESSIONS
(In millions)

Type of deposit

T otal deposits2................................................
Government deposits (including postal
savings).......................................................
Deposits of individuals, partnerships,
and corporations3 .....................................
Trust funds not deposited in own bank4
Outstanding bank drafts............................
Interbank deposits:
Reciprocal demand balances.................
Other than reciprocal demand balances
Other deposits8..............................................

As defined for
computation
of insurance
assessment,
Sept. 30,
19491
$152,667

As defined for
reports of condition
Sept. 30,
19491
$151,107

June 30,
1949
$148,657

Dec. 31,
1949
$156,786

11,743

11,743

10,891

11,903

126,491
389
918

126,577
(5
)
(6
)

124,832
(6
)
(6
)

130,173
(6
)
(5
)

401
10,939
1,786

(6
)
10,939
1,848

(5
)
10,579
2,355

(6
)
12,369
2,341

1As reported in the special survey for that date.
2 The assessment base, to which the assessment rate is applied in computing the amount of assess­
ment for deposit insurance, is somewhat smaller than deposits as defined for assessment purposes, as
given in the first column.
* Includes trust funds deposited in commercial or savings department of own bank. The difference
between the amounts given for this item in the first two columns is due primarily to the omission by
some banks, in recording total deposit liabilities in connection with the computation of the deposit
insurance assessment, of deposits accumulated for repayment of personal loans.
* Difference between total trust funds as recorded in trust departments and amount deposited in
own bank. Amounts deposited in other banks are included by those banks in deposits of individuals,
partnerships, and corporations both for computation of the insurance assessment and in reports of
condition.
6 Excluded from deposits as defined for reports of condition.
6
The difference between the amounts given for this item in the first two columns is due to various
factors, such as the omission by some banks, in recording deposit liabilities in connection with com­
putation of the deposit insurance assessment, of outstanding officers’ checks representing expenses of
the bank or dividends to stockholders.

The contingent liability of the Corporation in insuring bank deposits
is estimated from the information reported on the special call by adding
together (a) the total amount of deposits in all accounts with balances
of $5,000 or less and (b) $5,000 for each of the accounts in excess of that



SPECIAL CALLS FOR DEPOSIT INFORMATION

59

amount. The total thus obtained is referred to here and in the tables
which follow as “ insured deposits” . However, the amount computed
in this way does not conform precisely with the amount of deposits
insured by the Corporation when a bank is placed in receivership. The
deposit insurance law provides that in an insured bank closed on account
of inability to meet the demands of its depositors, each depositor shall
have insurance protection to a maximum of $5,000 upon his deposits
maintained in the same right and capacity.5 If a depositor has more than
one account, for example, a personal checking account and a savings
account, the accounts are combined in determining what amount shall
be paid to him by the Corporation. The total balances in all such ac­
counts, after deducting the amount he owes the bank, if any, is paid up
to a maximum of $5,000. If a deposit is protected in part by pledge of
security, by priority, or by offsetting claims, only such part as is not
thus protected, up to a maximum of $5,000 is paid by the Corporation.
This protection applies to all deposits of a depositor in one bank. Ac­
counts in different branches of a bank are not separately insured.
In the special reports for the purpose of estimating the Corporation’s
contingent liability the banks have not been requested to combine deposit
accounts in cases where there is more than one account standing to the
credit of a depositor in the same right and capacity. Moreover, no de­
ductions have been made for offsetting indebtedness. In consequence,
the number of accounts exceeds the number of depositors, and the amount
of insured deposits, as calculated from the information given in these
reports, exceeds the contingent liability of the Corporation under the
definitions and procedures applicable to banks placed in receivership.
In the special report for 1934, the banks combined accounts belonging
to the same depositor. The data from that report, therefore, are not
strictly comparable with those for the later dates.
A

ccounts

and

In sured D

e p o s it s

in

all

In sured B an k s

On September 30, 1949, the 13,631 insured banks reported 104 million
deposit accounts and $153 billion of deposits. The amount of insured
deposits was estimated at $75 billion, or 49 percent of total deposits.
Nearly 96 percent of the accounts had balances of $5,000 or less and
were therefore considered to be fully protected by deposit insurance.
Growth in accounts and deposits, 1934 to 1949. The amount of
deposits reported in 1949 was more than four times as large as that
reported for October 1, 1934. The number of accounts was only twice
as large. Each successive call has shown growth in both the number of
accounts and the amount of deposits. The rate of growth was most
8 For these provisions, see subsections (c) (13) and (1) (6) of the Federal deposit insurance law,
as amended, Title 12, U.S.C., 1940 ed., sec. 264, or Annual Report of the Federal Deposit Insurance
Corporation for 1935, pp. 70 and 78.




60

FEDERAL DEPOSIT INSURANCE CORPORATION

rapid in the war years, 1941 to 1945, when deposits increased by 102
percent and the number of accounts by 33 percent.
Chart I gives a picture of the growth which took place in the total
amount of deposits and the amount of insured deposits from 1934 to
1949. This chart shows not only the deposits as reported on the special
calls but also as reported or estimated for June 30 and December 31
of each year. The figures for the mid-year and year-end dates are given
in Table 36, and those for the special call dates in Table 37.
C h art I.

T

BILL IONS OF DOLLARS

otal an d

I n sured D

e p o s it s ,

A l l I n s u r e d B a n k s , 1 9 3 4 -1 9 4 9
BI LL ION S OF DOLLARS

Table 37 also gives the total number of accounts held by insured banks
and the average size of such accounts. The average size increased from
$723 in 1934 to a peak of $1,523 in 1945 and then declined to $1,468 in
1949. Thus there was a decrease of 3.6 percent in the average size of
deposit accounts from 1945 to 1949 as the number of accounts increased
by 13 percent and total deposits by 9 percent.
Accounts and deposits by size of bank. Since 1934 there has been
a great increase in the size of insured banks as reflected in the amount
of their deposits. On the first special call date 36 percent of all insured
banks had total deposits of $250,000 or less. The proportion of banks in
this category declined to 14 percent in 1941 and to less than 1 percent in
1945, and remained at less than 1 percent in 1949. Banks having deposits
from $250,000 to $1,000,000 declined from 39 percent of all insured



61

ACCOUNTS AND INSURED DEPOSITS IN ALL INSURED BANKS

banks in 1934 to 18 percent in 1949. In other words, banks with deposits
of $1 million or less declined from 75 percent of all insured banks in
1934 to 19 percent in 1949.
T a b le 3 6 .

E s t im a t e d I n s u r e d D
Jun e 30

Estimated
Total
insured
deposits
deposits
(in
(in
millions)1
millions)2

Date

$36,873
40,060
41,378
45,125
47,637
50,281
48,832
48,228
48,469
50,791
53,573
57,485
59,853
65,288
67,419
71,209

1934 June 30
Dec. 31
1935 June 29
Dec. 31
1936 June 30
Dec. 31
1937 June 30
Dec. 31
1938 June 30
Dec. 31
1939 June 30
Dec. 30
1940 June 29
Dec. 31
1941 June 30
Dec. 31

D

and

Percent
of
deposits
insured

$16,831
18,075
18,954
20,158
21,139
22,330
22,544
22,557
22,540
23,121
24,237
24,650
24,708
26,638
27,398
28,249

e p o s it s i n a l l

ecem ber

Estimated
Total
insured
deposits
deposits
(in
(in
millions)1
millions)2

Date

45.6%
45.1
45.8
44.7
44.4
44.4
46.2
46.8
46.5
45.5
45.2
42.9
41.3
40.8
40.6
39.7

I nsured B a n k s ,

3 1 , 1 9 3 4 -1 9 4 9

1942 June
Dec.
1943 June
Dec.
1944 June
Dec.
1945 June
Dec.
1946 June
Dec.
1947 June
Dec.
1948 June
Dec.
1949 June
Dec.

30
31
30
31
30
31
30
31
29
31
30
31
30
31
30
31

$73,027
89,869
97,321
111,650
122,415
134,662
143,953
158,174
151,628
148,458
145,597
154,096
148,562
153,454
148,657
156,786

$28,873
32,837
38,437
48,440
50,542
56,398
60,373
67,021
70,486
73,759
74,097
76,254
73,705
75,320
74,2123
76,589

Percent
of
deposits
insured

39.5%
36.5
39.5
43.4
41.3
41.9
41.9
42.4
46.5
49.7
50.9
49.5
49.6
49.1
49.9
48.8

1 As tabulated from the semi-annual reports of condition. See the following Annual Reports of the
Corporation: 1949, pp. 141 and 143; 1948, pp. 87 and 89; 1947, p. 117; 1941, pp. 123 and 124; 1938,
p. 166; 1935, p. 171; and 1934, p. 243.
2 Estimated by applying to the deposits in the various types of account (demand deposits of in­
dividuals, partnerships, and corporations; savings and time deposits of individuals, partnerships, and
corporations; government deposits; interbank deposits; and other deposits) at the regular call dates the
percentages insured as shown by the reports for the nearest special call date. All estimates are based on
$5,000 maximum coverage for each account, and for this reason exceed slightly the amount actually
insured.
3 Revised subsequent to estimate referred to in the auditors’ opinion, note 5, page 24.
T a b le 37.

A ccounts

and

D

e p o s it s in a l l

S p e c ia l C a l l D

Date

Number
of
banks

ates,

Number of accounts
(in thousands)1

Total

Fully
protected

I nsured B a n k s,

1 9 3 4 -1 9 4 9
Amount of deposits
(in millions)

Average size of
account1

Total

Insured1

All
accounts

Fully
protected
accounts

Sept. 30, 1949..................
Oct. 10, 1945...................
Sept. 24, 1941..................
Sept. 21, 1938..................
May 13, 1936...................
Oct. 1, 1934......................

13,631
13,481
13,487
13,754
14,148
14,128

104,003
92,333
69,495
62,731
58,785
51,246

99,564
88,988
68,165
61,690
57,817
50,423

$152,667
140,603
69,566
49,224
46,168
37,026

$74,533
65,859
27,639
22,610
20,456
16,455

$1,468
1,523
1,001
785
785
723

$526
552
308
282
270
248

Percentage change
1945 to 1949 (48 m o.).
1941 to 1945 (49 m o.).
1938 to 1941 (36 m o.).
1936 to 1938 (28 m o.).
1934 to 1936 (19 m o.).

1.1
- .01
- 1.9
- 2.7
.1

12.6
32.9
10.8
6.7
14.7

11.9
30.5
10.5
6.7
14.7

8.6
102.1
41.3
6.6
24.7

13.2
138.3
22.2
10.5
24.3

-3 .6
52.0
27.7
- .1
8.7

-4 .7
79.2
9.2
4.4
8.9

1 Data for 1934 are not strictly comparable with those for later years, because of the combining
of accounts belonging to the same depositor.

In the case of banks with deposits of more than $1 million the change
is in the opposite direction. In 1934, 19 percent of the banks had deposits
ranging from $1 million to $5 million. The proportion of banks in this
size group increased to 31 percent in 1941 and to 55 percent in 1949.



62

FEDERAL DEPOSIT INSURANCE CORPORATION

Banks with deposits of over $5 million were only 5 percent of all insured
banks in 1934 but were 26 percent of all insured banks in 1949. The
number and percentage of insured banks in each of these size groups are
given in Table 38 for each of the special call dates.
Table 38.

1934-1949

N u m b e r o f In s u r e d B a n k s, S p e c ia l C a l l D a t e s ,
ALL INSURED BANKS GROUPED BY AMOUNT OF DEPOSITS

Size of bank

Sept. 30,
1949

Num ber of insured banks..

13,631

Banks with deposits of—
$250,000 or less......................
$250,000 to $1,000,000........
$1,000,000 to $5,000,000. . .
$5,000,000 to $25,000,000. .
$25,000,000 to $100,000,000
Over $100,000,000.................

Oct. 10,
1945

77
2,477
7,551
2,812
501
213

Percentage distribution—
t o ta l....................................
Banks with deposits of—
$250,000 or less......................
$250,000 to $1,000,000........
$1,000,000 to $5,000,000. . .
$5,000,000 to $25,000,000. .
$25,000,000 to $100,000,000
Over $100,000,000.................

Sept. 24,
1941

13,481

Sept. 21,
1938

May 13,
1936

Oct. 1,
1934

13,487

13,754

14,148

14,128

1,838
6,219
4,177
963

3,163
6,124
3,483
758

3,954
6,060
3,231
694

5,109
5,546
2,719

290

226

209

89
2,901
7,730
2,476
450
195 }

|
|

754

100.0%

100.0%

100.0%

100.0%

100.0%

100.0%

.6
18.2
55.4
20.6
3.7
1.5

.7
21.5
54.7
18.4
3.3
1.4

13.6
46.1
31.0
7.1

23.0
44.5
25.3
5.5

28.0
42.8
22.8
4.9

36.2
39.3
19.2

2.2

1.7

1.5

}

1
[

5.3

The change which has taken place in the distribution of banks by size
has been reflected in a changing distribution of deposit accounts among
banks in the various size groups. The number of accounts held by
banks in various size groups on the special call dates is given in Table
39.
Table

39.

A c c o u n t s in I n s u r e d B a n k s , S p e c i a l C a l l D a t e s ,

1936-1949

ALL INSURED BANKS GROUPED BY AMOUNT OF DEPOSITS

Size of bank

Num ber of accounts
(in thousands)— to ta l. . .

Sept. 30,
1949

104,003

In banks with deposits
of—
$250,000 or less........................
$250,000 to $1,000,000...........
$1,000,000 to $5,000,000___
$5,000,000 to $25,000,000. . .
$25,000,000 to $100,000,000
Over $100,000,000...................

31
2,358
20,536
27,519
17,721
35,838

Percentage distribution—
to ta l...........................................

100.0%

.02
2.3
19.7
26.5
17.0
34.5

In banks with deposits
of—
$250,000 or less........................
$250,000 to $1,000,000..........
$1,000,000 to $5,000,000___
$5,000,000 to $25,000,000. . .
$25,000,000 to $100,000,000
Over $100,000,000...................




Oct. 10,
1945

Sept. 24,
1941

Sept. 21,
1938

May 13,
1936

92,334

69,494

62,731

58,784

31
2,832
20,489
24,367
15,436
29,179 }

1,196
9,465
19,557
14,928

2,169
10,213
17,960
12,821

2,681
10,328
16,512
11,288

24,348

19,568

17,975

100.0%

100.0%

100.0%

100.0%

.03
3.1
22.2
26.4
16.7
31.6

1.7
13.6
28.2
21.5

3.5
16.3
28.6
20.4

4.5
17.6
28.1
19.2

35.0

31.2

30.6

}

63

ACCOUNTS AND INSURED DEPOSITS IN ALL INSURED BANKS

In 1936 over 22 percent of all deposit accounts were carried in the
10,014 banks having deposits of less than $1 million, while in 1949 the
2,554 banks of this size held only 2 percent of the accounts. In contrast,
the 209 banks with deposits of more than $25 million in 1936 held less
than a third of all deposit accounts, but in 1949 the 714 banks of this
size held more than a half of all accounts.
Similarly, the proportion of total bank deposits held by banks in the
various size groups has changed markedly. In 1949 banks with deposits
of $1 million or less held only 1 percent of the deposits in all banks; in
1936 banks of this size held 8 percent of total deposits. In contrast, banks
with deposits of $25 million or more now hold 69 percent of the deposits
of all insured banks; in 1936 banks of this size held 63 percent of the
total. The distribution of deposits by size of bank on the special call
dates is given in Table 40.

Table 40.

D e p o s i t s in I n s u r e d B a n k s , S p e c i a l C a l l D a t e s ,

1936-1949

ALL INSURED BANKS GROUPED BY AMOUNT OF DEPOSITS
Size of bank

Sept. 30,
1949

Sept. 24,
1941

Oct. 10,
1945

May 13,
1936

T otal deposits (in m illio n s)...........

$152,667

In banks with deposits of—
$250,000 or less..................................
$250,000 to $1,000,000.....................
$1,000,000 to $5,000,000.................
$5,000,000 to $25,000,000...............
$25,000,000 to $100,000,000...........
Over $10Q,000,000.............................

15
1,695
18,227
28,110
23,769
80,851

47,382

30,760

Percentage distribution— to ta l. . .

100.0%

100.0%

100.0%

100.0%

.01
1.1
12.0
18.4
15.6
52.9

.01
1.4
12.2
17.5
15.0
53.9

.5
4.9
12.6
13.9

1.0
6.6
14.7
15.2

1.3
6.8
14.4
14.9

68.1

62.5

62.6

In banks with deposits of—
$250,000 or less..................................
$250,000 to $1,000,000.....................
$1,000,000 to $5,000,000.................
$5,000,000 to $25,000,000...............
$25,000,000 to $100,000,000...........
Over $100,000,000.............................

$140,603

Sept. 21,
1938

$69,565

17
1,952
17,166
24,609
21,138
75,721 ]

J

$49,224

315
3,416
8,796
9,656

498
3,240
7,248
7,478

$46,168
591
3,146
6,632
6,891
28,908
100.0%

Insured deposits and fully protected accounts by size of bank.
The shift in the distribution of banks by size has also altered the pro­
portion of insured deposits and of fully protected accounts held in banks
in the various size groups. In 1936 approximately two-fifths of insured
deposits were in banks with deposits of less than $5 million; in 1949
banks of this size held only one-fifth of all insured deposits. In 1936 onefifth of insured deposits was in banks with deposits from $5 million to
$25 million; in 1949, one-fourth. In 1936 banks with deposits of more
than $25 million held two-fifths of the insured deposits; in 1949 banks
of this size held substantially over half of all insured deposits. The
amounts of insured deposits on the various call dates, and their distribu­
tion among insured banks grouped by size, are given in Table 41.



64

FEDERAL DEPOSIT INSURANCE CORPORATION
T a b le 4 1 .

I nsured D

e p o s it s ,

S p e c ia l C a l l D

ates,

1 9 3 6 -1 9 4 9

ALL INSURED BANKS GROUPED BY AMOUNT OF DEPOSITS

Sept. 30,
1949

Size of bank

Oct. 10,
1945

Insured deposits (in m illions)—
t o ta l.....................................................

$74,533

In banks with deposits of—
$250,000 or less..................................
$250,000 to $1,000,000.....................
$1,000,000 to $5,000,000.................
$5,000,000 to $25,000,000...............
$25,000,000 to $100,000,000...........
Over $100,000,000.............................

13
1,386
13,430
17,947
12,530
29,227

Percentage distribution— to ta l. ..

100.0%

100.0%

.02
1.9
18.0
24.1
16.8
39.2

.02
2.6
20.1
24.2
16.6
36.5

Sept. 24,
1941

In banks with deposits of—
$250,000 or less..................................
$250,000 to $1,000,000.....................
$1,000,000 to $5,000,000.................
$5,000,000 to $25,000,000...............
$25,000,000 to $100,000,000...........
Over $100,000,000.............................

$65,859

Sept. 21,
1938

May 13,
1936

$27,639
292
2,941
6,641
5,733

458
2,767
5,545
4,589

537
2,636
4,956
4,046

12,032

9,251

8,281

100.0%

100.0%

1.1
10.6
24.0
20.8
}

$20,456

100.0%

15
1,684
13,252
15,971
10,923
24,014 }

$22,610

2.0
12.3
24.5
20.3

2.6
12.9
24.2
19.8

43.5

40.9

40.5

The distribution of fully protected accounts among banks is similar
to that of all accounts. This is due to the fact that in banks of all size
groups a very high percentage of accounts have balances of less than
$5,000. The number of accounts in the banks in the various size groups
fully protected by insurance and the percentage distribution, on the
special call dates, are shown in Table 42.
T a b le 4 2 .

D

e p o s it

A ccounts F u l l y P ro tected

S p e c ia l C a l l D

ates,

by

In surance,

1 9 3 6 -1 9 4 9

ALL INSURED BANKS GROUPED BY AMOUNT OF DEPOSITS

Size of bank

Sept. 30,
1949

Oct. 10,
1945

Sept. 24,
1941

Sept. 21,
1938

May 13,
1936

Num ber of fully protected ac­
counts (in thousands)— total1. .

99,563

88,988

68,165

61,690

57,817

In banks with deposits of—
$250,000 or less..................................
$250,000 to $1,000,000.....................
$1,000,000 to $5,000,000.................
$5,000,000 to $25,000,000...............
$25,000,000 to $100,000,000...........
Over $100,000,000.............................

30
2,301
19,858
26,535
16,975
33,864

31
2,777
19,945
23,612
14,864
27,759

1,191
9,385
19,312
14,666

2,161
10,140
17,763
12,614

2,671
10,257
16,330
11,101

23,611

19,012

17,458

Percentage distribution— to ta l. . .

100.0%

100.0%

100.0%

100.0%

100.0%

.03
2.3
20.0
26.7
17.0
34.0

.03
3.1
22.4
26.6
16.7
31.2

1.8
13.8
28.3
21.5

3.5
16.4
28.8
20.5

4.6
17.7
28.3
19.2

34.6

30.8

30.2

In banks with deposits of—
$250,000 or less..................................
$250,000 to $1,000,000.....................
$1,000,000 to $5,000,000.................
$5,000,000 to $25,000,000...............
$25,000,000 to $100,000,000...........
Over $100,000,000.............................

}

}

1 Accounts of $5,000 or less.

Since the beginning of deposit insurance, small banks have had a
larger percentage of deposits insured than have large banks. Likewise,
a larger percentage of accounts in small banks than in large banks are



ACCOUNTS AND INSURED DEPOSITS IN ALL INSURED BANKS

65

fully protected. In 1949 banks with deposits of less than $1 million
had over four-fifths of their deposits insured, while banks with deposits
of more than $100 million had less than two-fifths of their deposits
insured. Similarly, small banks had a larger proportion of their accounts
fully protected, under the $5,000 limitation, than did large banks,
though the difference is less striking than in the case of deposits.
Chart J shows the proportions of accounts and deposits fully insured
in 1949 in banks in various size groups. The data for the special call
dates are given in Table 43.
C h art

J.

P r o p o r t io n

of

A ccounts F u l l y P ro tected

and

D

e p o s it s

In sured

ALL INSURED BANKS, BY SIZE OF BANK, SEPTEMBER 3 0 , 1949

LESS TH A N
$1 MILLION

$1 TO $5
MILLION

SIZE OF BANK

$5 TO $25
MILLION

$25 TO $100
MILLION

OVER $100
MILLION

(AMOUNT OF DEPOSITS)

Banks and their deposits by population of center in which
located. A large proportion of all insured banks are located in relatively
small centers of population. In 1949 nearly one-third were in communities
which in 1940 had a population of less than 1,000, and more than onehalf in communities which had 1,000 to 25,000 inhabitants in 1940. Less
than 3 percent of all insured banks were located in cities of 500,000 or
more population in 1940. However, this latter group of banks held
nearly a third of all accounts in insured banks and nearly a half of all
the deposits. These figures exaggerate the concentration of accounts
and deposits in large cities, due to the fact that in the case of banks
operating branches all accounts and deposits in all offices of the bank
are tabulated according to the population of the head office city.



66

FEDERAL DEPOSIT INSURANCE CORPORATION

Table 43.

P ro p o rtio n s o f D e p o sits In su re d and o f A c c o u n ts

F u l l y P r o t e c t e d , S p e c ia l C a l l D a t e s ,

1936-1949

ALL INSURED BANKS GROUPED BY AMOUNT OF DEPOSITS
Sept. 30,
1949

Size of bank

Percent of deposits insured— total

Oct. 10,
1945

Sept. 24,
1941

Sept. 21,
1938

May 13,
1936

48.8%

46.8%

39.7%

45.9%

44.3%

In banks with deposits of—
$250,000 or less..................................
$250,000 to $1,000,000.....................
$1,000,000 to $5,000,000.................
$5,000,000 to $25,000,000...............
$25,000,000 to $100,000,000...........
Over $100,000,000.............................

98.2
81.8
73.7
63.8
52.7
36.1

89.7
86.3
77.2
64.9
51.7
31.7

97.2
86.1
75.5
59.4

92.0
85.4
76.5
61.4

90.9
83.8
74.7
58.7

25.4

30.1

28.6

Percentage of accounts fully pro­
tected— total1...........................

95.7

96.4

98.1

98.3

98.4

In banks with deposits of—
$250,000 or less..................................
$250,000 to $1,000,000.....................
$1,000,000 to $5,000,000.................
$5,000,000 to $25,000,000...............
$25,000,000 to $100,000,000...........
Over $100,000,000.............................

96.8
97.6
96.7
96.4
95.8
94.5

100.0
98.1
97.3
96.9
96.3
95.1

99.6
99.2
98.7
98.2

99.6
99.3
98.9
98.4

99.6
99.3
98.9
98.3

96.8

97.2

97.1

}

}

1 Accounts of $5,000 or less.

A tabulation by size of the centers in which the offices themselves
are located is not possible because the deposits are reported for each
bank as a whole and not for each office. Table 44 shows the number of
insured banks, the number of their accounts, and the amount of their
deposits, grouped by the population of the city or town in which the
bank, or its head office in the case of branch banking systems, is located.
Table 44.

A c c o u n ts an d D e p o s its , a l l In s u r e d B a n k s, S e p te m b e r

30, 1949

BANKS GROUPED BY POPULATION OF CENTER IN WHICH LOCATED1
Insured banks

Number
of
banks

Percent of total

Number of
deposit
Deposits
(in
accounts
(in
millions)
thousands)

Number
of
banks

Deposit
accounts

Deposits

100.0%

100.0%

100.0%

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

13,631

$104,003

$152,667

Banks in centers with
population in 1940 of—
Less than 1,000......................
1,000 to 5,000.........................
5,000 to 25,000......................

4,279
4,763
2,666

5,912
13,923
17,930

5,378
12,927
17,993

31.4
34.9
19.6

5.7
13.4
17.3

3.5
8.5
11.8

25,000 to 100,000..................
100,000 to 500,000................
500,000 or more.....................

942
589
392

15,125
17,594
33,519

17,313
27,633
71,423

6.9
4.3
2.9

14.5
16.9
32.2

11.3
18.1
46.8

1 In the case of banks operating branches, the grouping is by center in which the head office is
located.

Accounts and deposits by type o f account. In 1949 almost 94
percent of the deposit accounts reported by insured banks were those
of individuals, partnerships, and corporations. The remaining 6 percent



ACCOUNTS AND INSURED DEPOSITS IN ALL INSURED BANKS

67

of deposit accounts included all accounts of Federal, State, and local
governments, the accounts of banks, and such miscellaneous items as
uninvested trust funds and officers’ and travelers’ checks. However,
this miscellaneous group of deposit accounts, largely because of the size
of interbank and government accounts, amounted to 18 percent of all
the deposits of insured banks.
About two-fifths of the accounts of individuals, partnerships, and
corporations were demand accounts. Over three-fifths of the deposits
of individuals, partnerships, and corporations were in these accounts,
reflecting the fact that most of the very large bank accounts are demand
accounts.
There has been a relatively small shift since 1936 in the distribution
of accounts and deposits by type. The largest change is in the propor­
tion of deposits in interbank accounts, which has declined from 14 to 7
percent, with a corresponding slight rise in the proportion of deposits
in the accounts of governments and of individuals, partnerships, and
corporations. The number of deposit accounts, by type, on the special
call dates is given in Table 45; a similar distribution of the amount of
deposits in the various types of accounts is given in Table 46. The average
size of account in each type on the special call dates is given in Table 47.
Table 45.

N u m b e r op D e p o s i t A c c o u n t s b y T y p e , a l l I n s u r e d B a n k s ,

Call date

Total

Accounts of
individuals,
partnerships, and
corporations
Demand

Savings
and time

1936-1949

Govern­
ment
accounts

Interbank
accounts

Other
accounts1

Total num ber of accounts
(in thousands)
Sept. 30, 1949........................
Oct. 10, 1945..........................
Sept. 24, 1941........................
Sept. 21, 1938........................
May 31, 1936.........................

104,003
92,334
69,494
62,731
58,785

40,699
35,622
26,293
23,772
22,109

56,971
51,509
39,875
35,630
33,915

293
292
274
267
259

127
103
104
97
115

5,913
4,808
2,948
2,965
2,387

Percentage distribution
Sept. 30, 1949........................
Oct. 10, 1945..........................
Sept. 24, 1941........................
Sept. 21, 1938........................
May 31, 1936.........................

100.0%
100.0
100.0
100.0
100.0

39.1%
38.6
37.8
37.9
37.6

54.8%
55.8
57.4
56.8
57.7

.3 %
.3
.4
.4
.4

.1 %
.1
.2
.2
.2

5.7%
5.2
4.2
4.7
4.1

1 Includes uninvested trust fund accounts as recorded in trust departments of insured banks,
outstanding bank drafts, certified and officers' checks, cash letters of credit and travelers’ checks out­
standing, and deposit accounts not elsewhere classified.

Accounts and deposits by class of bank. Of the total number of
insured banks on September 30, 1949, 191 were mutual savings banks.
The remainder were classified as commercial banks because most of
them accept demand deposit accounts from business enterprises and
individuals and also make business and personal loans. However, the
13,440 banks which are tabulated as commercial banks included a few



68

FEDERAL DEPOSIT INSURANCE CORPORATION

stock savings banks, a very small number of trust companies engaged
in fiduciary business but not in regular deposit banking, and some other
banks, such as the so-called “ industrial banks” , which specialize in
certain types of business, either with respect to their deposits or their
assets. Table 48 shows the accounts and deposits in commercial and
mutual savings banks respectively, with the commercial banks also
classified by chartering authority and Federal Reserve membership.
T a b le 4 6 .

A mount

of

Call date

D

e p o s it s b y

Total

T

ype , all

I n s u r e d B a n k s , 1 9 3 6 -1 9 4 9

Accounts of
individuals,
partnerships, and
corporations
Demand

Govern­
ment
deposits

Interbank
deposits

Other
deposits1

Savings
and time

Am ount of deposits
(in millions)
Sept. 30, 1949........................
Oct. 10, 1945..........................
Sept. 24, 1941........................
Sept. 21, 1938........................
May 31, 1936.........................

$152,667
140,603
69,566
49,223
46,168

$77,790
71,887
34,199
21,973
19,738

$46,941
38,263
16,555
14,611
13,536

$11,743
13,163
4,999
3,956
4,526

$11,339
12,999
11,056
6,798
6,316

$4,854
4,291
2,757
1,885
2,052

Percentage distribution
Sept. 30, 1949........................
Oct. 10, 1945..........................
Sept. 24, 1941........................
Sept. 21, 1938........................
May 31, 1936.........................

100.0%
100.0
100.0
100.0
100.0

51.0%
51.1
49.1
44.7
42.8

30.7%
27.2
23.8
29.7
29.3

7.7%
9.4
7.2
8.0
9.8

7.4%
9.2
15.9
13.8
13.7

3.2 %
3.1
4.0
3.8
4.4

1 Includes uninvested trust funds as recorded in trust departments of insured banks, outstanding
bank drafts, certified and officers’ checks, cash letters of credit and travelers’ checks outstanding, and
deposits not elsewhere classified.

T a b le 4 7 .

A v e r a g e Si z e

of

A ccount

by

T

ype, all

Accounts of individuals,
partnerships, and
corporations
Call date
Demand

Sept. 30, 1949..............................
Oct. 10, 1945................................
Sept. 24, 1941..............................
Sept. 21, 1938..............................
May 31, 1936................................

$1,911
2,016
1,301
924
892

I n s u r e d B a n k s , 1 9 3 6 -1 9 4 9

Government
accounts

Interbank
accounts

Other
accounts1

Savings
and time
$824
743
415
410
339

$40,078
45,078
18,245
14,816
17,475

$ 89,283
12,620
106,308
70,082
54,922

$821
892
935
636
860

1 Includes uninvested trust fund accounts as recorded in trust departments of insured banks, out­
standing bank drafts, certified and officers’ checks, cash letters of credit and travelers' checks out­
standing, and deposit accounts not elsewhere classified.

In the insured mutual savings banks nine-tenths of the deposits are
insured under the $5,000 limitation. In the insured commercial banks
which are not members of the Federal Reserve System over two-thirds
of deposits are insured, while in commercial banks which are members of
that System only two-fifths are insured. This difference in the proportion
of deposits insured reflects primarily the fact that almost all of the
large commercial banks, holding the deposit accounts of large business
enterprises, are members of the Federal Reserve System.



69

ACCOUNTS AND INSURED DEPOSITS IN ALL INSURED BANKS

Accounts and deposits in insured commercial banks. Insured
commercial banks had in excess of 91 million accounts on September
30, 1949. Almost 88 million of these accounts, or 96 percent, had balances
of $5,000 or less. The number of accounts in each of the size groups, on
the special call dates, is given in Table 49.
Table 48.

D is tr ib u tio n o f In su re d B a n k s and t h e ir A c c o u n ts and D e p o sits
b y C l a s s o f B a n k , S e p t e m b e r 3 0, 1949

Class of bank

Num­
ber
of
banks

Number of accounts
(in thousands)
Total

Fully
protected1

Amount of deposits
(in millions)
Total

Percent of
accounts Percent of
deposits
fully
insured
protected

Insured

All insured banks. . . .

13,631

104,003

99,564

$152,667

$74,533

M u tu a l savings
b an k s..........................

191

12,551

11,768

13,416

13,440

91,452

87,796

4,983

49,806

47,739

1,917

21,170

6,540

20,476

Comm ercial banks—
t o ta l........................
National banks mem­
bers F. R. System.
State banks members
F. R. System........
Banks not members
F. R. System........

95.7%

48.8%

12,122

93.8

90.4

139,252

62,411

96.0

44.8

80,485

34,014

95.8

42.3

20,247

39,696

15,253

95.6

38.4

19,810

19,070

13,144

96.7

68.9

1 Accounts of $5,000 or less.

Table 49.

N u m b e r o f A c c o u n t s in I n s u r e d C o m m e r c ia l B a n k s
o n S p e c i a l C a l l D a t e s , 1 9 3 4 -1 9 4 9
g r o u p e d b y s iz e o f a c c o u n t

Accounts of—
Call date

Total
$5,000
or less

Num ber of accounts
(in thousands)
Sept. 30, 1949..........................
Oct. 10, 1945............................
Sept. 24, 1941..........................
Sept. 21, 1938..........................

91,452
81,655
66,918
61,392

87,796
78,773
65,668
60,399

May 13, 1936...........................
Oct. 1, 19341.............................

57,398
49,751

56,476
49,021

Percent of total accounts2
Sept. 30, 1949..........................
Oct. 10, 1945............................
Sept. 24, 1941..........................
Sept. 21, 1938..........................

100.0%
100.0
100.0
100.0

96.0%
96.5
98.1
98.4

100.0
100.0

98.4
98.5

$5,000
to
$10,000

May 13, 1936...........................
Oct. 1, 1934..............................

2,248
1,729
698
565

$10,000
to
$25,000

895
722
314
254

Over
$25,000

513
431
238
174

922
730
2.5%
2.1
1.0
.9

1.0%
.9
.5
.4

.5%
.5
.4
.3

1.6
1.5

1 Data for 1934 are not strictly comparable with those for subsequent dates due to combining of
accounts belonging to the same depositor.
2 Calculated from the original figures before rounding.

Total deposits in insured commercial banks on September 30, 1949,
were in excess of $139 billion. Approximately $44 billion of these deposits,
or 32 percent, were in accounts of $5,000 or less. Insured deposits were



70

FEDERAL DEPOSIT INSURANCE CORPORATION

$62 billion, or 45 percent of total deposits. The distribution of deposits
by size of accounts on the special call dates is given in Table 50.
Table 50.

D e p o s i t s in I n s u r e d C o m m e r c ia l B a n k s ,
S p e c i a l C a l l D a t e s , 1 9 3 4 to 1 9 4 9
a c c o u n t s g r o u p e d b y s iz e

In accounts of—
Call date

Total
$5,000
or less

Deposits (in millions)
Sept. 30, 1949..........................
Oct. 10, 1945............................
Sept. 24, 1941..........................
Sept. 21, 1938..........................

$139,252
130,477
67,778
48,220

$44,127
42,105
19,793
16,740

May 13, 1936...........................
Oct. 1, 19341.............................

45,188
35,988

14,968
12,006

Percent of total deposits2
Sept. 30, 1949..........................
Oct. 10, 1945............................
Sept. 24, 1941..........................
Sept. 21, 1938..........................

100.0%
100.0
100.0
100.0

31.7%
32.3
29.2
34.7

100.0
100.0

33.1
33.4

$5,000
to
$10,000

May 13, 1936...........................
Oct. 1, 1934..............................

$14,787
11,486
4,658
3,779

$10,000
to
$25,000

$13,328
10,782
4,779
3,876

Over
$25,000

$67,010
66,104
38,548
23,825

30,220
23,982
10.6%
8.8
6.9
7.8

9.6 %
8.2
7.0
8.1

48.1%
50.7
56.9
49.4

66.9
66.6

1 Data for 1934 are not strictly comparable with those for subsequent dates, due to the combining
of accounts belonging to the same depositor.
2 Calculated from the original figures before rounding.

The information obtained from the special call for September 30,
1949, as in the case of the other special calls, has been tabulated separately
for insured commercial banks classified in several ways. These classifica­
tions are as follows: by Federal Deposit Insurance Corporation district,
by State, by size of bank (amount of deposits), by population of the
center in which the bank is located, by the percentage of deposits insured
under the $5,000 limitation, and by chartering authority and Federal
Reserve membership. In addition, the accounts and deposits have been
tabulated with the accounts classified by type of deposit.
The deposits in insured commercial banks, distributed by type in
banks grouped by size, are shown in Table 51. The various detailed
distributions of the number of accounts in insured commercial banks
are given on pages 80-89 (Tables 61-66); and the detailed distributions
of the amounts of deposits in these accounts on pages 90-99 (Tables
67-72).
Accounts and deposits in mutual savings banks. Insured mutual
savings banks on September 30, 1949, reported a total of 12.6 million
accounts and $13.4 billion of deposits. Of the accounts, 94 percent had
balances of $5,000 or less. Of the deposits, 61 percent were insured under
the $5,000 limitation.
The number of accounts and amount of deposits in insured mutual
savings banks on the special call dates in 1945 and 1949, distributed



71

ACCOUNTS AND INSURED DEPOSITS IN ALL INSURED BANKS

according to size of account, are shown in Table 52. Detailed tabulations
for accounts and deposits in mutual savings banks for 1949 are given on
pages 100-103 (Tables 73-74).
Table 51.

D i s t r i b u t i o n o f D e p o s i t s in I n s u r e d C o m m e r c ia l B a n k s A c c o r d i n g
t o T y p e o f D e p o s i t , S e p te m b e r

30, 1949

BANKS GROUPED BY AMOUNT OF DEPOSITS

Total

Deposits of
individuals,
partnerships, and
corporations
Demand

Govern­
ment
deposits

Interbank
deposits

Other
deposits

Savings
and time

A m ou n t of deposits (in
millions) all insured com ­
mercial b an k s.....................

$139,252

$77,780

$33,577

$11,740

$11,339

$4,816

In banks with deposits of—
$250,000 or less.....................
$250,000 to $1,000,000........
$1,000,000 to $5,000,000. . .
$5,000,000 to $25,000,000. .
$25,000,000 to $100,000,000
More than $100,000,000-----

15
1,695
18,147
27,024
20,838
71,533

11
1,142
10,665
14,166
10,842
40,954

2
378
5,537
9,406
5,722
12,532

1
135
1,463
2,218
2,008
5,915

V)
3
80
458
1,455
9,343

1
37
402
776
811
2,789

Percent of total— all banks

100.0%

55.9%

24.1%

8.4 %

8 .1%

3.5 %

In banks with deposits of—
$250,000 or less.....................
$250,000 to $1,000,000 , , ,
$1,000,000 to $5,000,000. . .
$5,000,000 to $25,000,000. .
$25,000,000 to $100,000,000
More than $100,000,000-----

100.0
100.0
100.0
100.0
100.0
100.0

75.6
67.4
58.8
52.4
52.0
57.2

12.2
22.3
30.5
34.8
27.5
17.5

7.3
8.0
8.1
8.2
9.6
8.3

*

4.4
2.1
2.2
2.9
3.9
3.9

.5
.2
.4
1.7
7.0
13.1

1Less than $500,000.

Table 52.

A c c o u n t s a n d D e p o s i t s in I n s u r e d M u t u a l S a v in g s B a n k s ,
S p e c ia l C a l l D a t e s ,

1949

and

1945

GROUPED BY SIZE OF ACCOUNT
Accounts of—
Total
$5,000
or less

$5,000
to
$10,000

$10,000
to
$25,000

Over
$25,000

Num ber of accounts (in thousands)
September 30, 1949......................................
October 10, 1945..........................................

12,551
10,678

11,768
10,215

747
441

35
21

1
1

Percent of total accounts1
September 30, 1949......................................
October 10, 1945..........................................

100.0%
100.0

93.8%
95.7

5 .9%
4.1

.3%
.2

.01%
.01

Am ount of deposits (in millions)
September 30, 1949......................................
October 10, 1945..........................................

$13,416
10,126

$ 8,210
7,032

$ 4,722
2,797

$441
268

$ 43
29

Percent of total deposits1
September 30, 1949......................................
October 10, 1945..........................................

100.0%
100.0

61.2%
69.4

35.2%
27.6

3.3%
2.7

.3%
.3

Average size of account
September 30, 1949......................................
October 10, 1945..........................................

$ 1,069
948

$698
688

$ 6,325
6,347

$12,705
12,603

$39,724
40,666

1 Calculated from original figures before rounding.




72

FEDERAL DEPOSIT INSURANCE CORPORATION

In su ra n ce

P r o te c t io n

$5,000, $10,000,

U nder
and

C overages

$25,000,

A ll

fo r

E a ch

In su red

A ccou n t

of

Banks

Under the permanent plan of deposit insurance embodied in the
original law enacted in 1933 each depositor was to be protected as follows:
the full amount of his deposits not exceeding $10,000, plus three-fourths
of the amount which exceeded $10,000 but not over $50,000, plus onehalf of the amount exceeding $50,000. In cases where one depositor
owned two or more accounts in one bank in the same capacity or the
same right the accounts were to be combined in determining the in­
surance coverage. This plan of deposit insurance was scheduled to become
effective on July 1, 1934. However, in June of that year the effective
date was postponed, and finally, in the Banking Act of 1935, the per­
manent plan of deposit insurance was revised.1 Under the revised plan
insurance protection was limited to $5,000 for each depositor in the same
right and capacity.
The information collected by the Federal Deposit Insurance Corpora­
tion in its special surveys of deposits is not sufficient to make possible
a comparison of the protection afforded by deposit insurance under the
revised insurance plan which went into effect in 1935 with that which
would have been provided under the original permanent plan. However,
it is possible to compare the protection afforded under the $5,000 limita­
tion with that which would have been provided by coverages of $10,000
and $25,000 respectively.
Under the limitation of insurance to $5,000 per account there were
nearly 100 million accounts out of 104 million, or 95.7 percent, fully
protected on September 30, 1949. With a coverage of $10,000 per account,
98.6 percent would have been fully protected; and with a coverage of
$25,000 per account, 99.5 percent.
On the same date insured banks held total deposits of $153 billion,
of which nearly $75 billion, or 48.8 percent were insured. Under coverages
of $10,000 and $25,000 this proportion would have been raised respec­
tively to 56.5 percent and 64.5 percent.
Expansion of insurance protection from $5,000 to $10,000 per depositor
would add an additional 3 million accounts to those fully protected.
At the same time it would increase the amount of deposits insured by
the Corporation by nearly $12 billion.
Extension of insurance coverage from $10,000 to $25,000 would add
less than a million accounts to the number fully protected, and would
increase the amount of insured deposits by an additional $12 billion.
The net effect of an increase in coverage from $5,000 to $25,000 per
1
During the period from January 1, 1934, to the effective date of the Banking Act of 1935, deposit
insurance was provided under a temporary plan. See page 57, note 3.




73

INSURANCE PROTECTION W ITH SPECIFIED COVERAGE

account would be to increase by 4 percent the number of accounts fully
protected and by 32 percent the amount of insured deposits.
An extension of the insurance program from the present $5,000 limita­
tion to full coverage of all deposits would add only 4.5 million accounts
to the number fully protected, but it would increase the insured deposits
by $78 billion. In other words, there would be an increase in the number
of accounts protected of 4 percent, but the insurance liability of the
Corporation would be more than doubled.
It will be noted in all cases that as insurance coverage is extended,
there is very little change in the number of accounts fully protected,
but there is a very substantial increase in the amount of deposits insured.
This is illustrated in Chart K.

C h a rt K .

A ccounts F u ll y P rotected
C overages

of

and

D

e p o s it s

$ 5 ,0 0 0 , $ 1 0 ,0 0 0 , $ 2 5 ,0 0 0 ,

and

In sured W
A ll D

it h

M

a x im u m

e p o s it s

a l l i n s u r e d b a n k s , SEPTEMBER 30 , 1949
p erce nt

DEPOSITS INSURED

AC CO U N TS FULLY PROTECTED

1 00 -

$5,000

$10,000

$25,000

ALL
DEPOSITS
M A XIM U M COVERAGE PER DEPOSITOR

$5,000

$10,000

$25,000

ALL
DEPOSITS
M A XIM U M COVERAGE PER DEPOSITOR

Figures for the accounts fully protected by deposit insurance on each
of the special call dates, and for the number which would have been
fully protected under limitations of $10,000 and $25,000 on the special
call dates in 1938, 1941, 1945, and 1949, are given in Table 53. The data
for deposits insured on each of the special call dates, and the amounts
that would have been protected under limitations of $10,000 and $25,000,
on the special call dates since 1938, are given in Table 54.



74

FEDERAL DEPOSIT INSURANCE CORPORATION

Table 53.
per

A ccounts F u ll y

A ccount

of

and

P a r t ia l l y P r o tec te d

$5,000, $10,000

and

$25,000,

With coverage of
$5,000 per account
Call date

all

w it h

M

a x im u m

I nsured B a n k s,

With coverage of
$10,000 per account

C overages

1934-1949

With coverage of
$25,000 per account

Total
Fully
protected

Partially
protected

Fully
protected

Partially
protected

Fully
protected

Partially
protected

N um ber of ac­
counts (in
thousands)
Sept. 30, 1949...
Oct. 10, 1945. . .
Sept. 24, 1941...
Sept. 21, 1 938...
May 13, 1 9 3 6 ...
Oct. 1, 19342. .. .

104,003
92,334
69,494
62,731
58,785
51,246

99,564
88,989
68,165
61,690
57,817
50,423

4,439
3,345
1,329
1,041
968
823

102,559
91,159
68,933
62,299
0)
0)

1,444
1,175
561
432
0)
0)

103,489
91,902
69,255
62,557
(x
)
0

514
432
239
174
(l)
C)
1

Percent of total
Sept. 3 0 ,1 9 4 9 ...
Oct. 10, 1945. . .
Sept. 24, 1 941...
Sept. 2 1 ,1 9 3 8 ...
May 13, 1 9 3 6 ...
Oct. 1, 1934. . . .

100.0%
100.0
100.0
100.0
100.0
100.0

95.7%
96.4
98.1
98.3
98.4
98.4

4.8%
3.6
1.9
1.7
1.6
1.6

98.6%
98.7
99.2
99.3
(l)
(l)

1.4%
1.3
.8
.7
0)
0)

99.5%
99.5
99.7
99.7
V)
0)

.5 %
.5
.3
.3
0)
0)

1 Not available.
2 Data for this date are not strictly comparable with those for later years because of the combining
of accounts belonging to the same depositor.

Table 54.
A

Insured

ccount of

and

U n in s u r e d D

$5,000, $10,000

and

e p o s it s

$25,000,

With coverage of
$5,000 per account
Call date

w it h

all

M

a x im u m

C overages

I n sured B a n k s ,

With coverage of
$10,000 per account

per

1934-1949

With coverage of
$25,000 per account

Total
Insured

Not
insured

Insured

Not
insured

Insured

Not
insured

Deposits
(in millions)
Sept. 30, 1 949...
Oct. 10, 1945. . .
Sept. 24, 1 9 4 1...
Sept. 21, 1938...
May 13, 1936.. .
Oct. 1, 19342....

$152,667
140,603
69,566
49,223
46,168
37,026

$74,533
65,859
27,639
22,610
20,456
16,571

$78,134
74,744
41,927
26,613
25,712
20,455

$86,109
75,169
31,718
25,792
0)
«

$66,558
65,434
37,848
23,431
0)
(!)

$98,464
85,257
36,973
29,742
0)
0)

$54,203
55,346
32,593
19,481
0)
0)

Percent of total
Sept. 30, 1949...
Oct. 10, 1945. . .
Sept. 24, 1 941...
Sept. 21, 1938...
May 13, 1 9 3 6 ...
Oct. 1, 1934. . . .

100.0%
100.0
100.0
100.0
100.0
100.0

48.8%
46.8
39.7
45.9
44.3
44.6

51.2%
53.2
60.3
54.1
55.7
55.4

56.4%
53.4
45.5
52.4
(^
(*)

43.6%
46.6
54.5
47.6
V)
C)
1

64.5%
60.6
53.1
60.4
(*)

35.5%
39.4
46.9
39.6
0)
01
)

1 Not available.
2 Data for this date relate to depositors: i.e., accounts of a depositor in the same right and capacity
are combined. The amount of deposits insured with coverage of $5,000 per depositor, as given here,
is slightly larger than the actual insurance coverage on that date, given in Table 37, because the actual
coverage was limited to $2,500 in part of the insured mutual savings banks. See the Annual Report of
the^Corporation for 1934, p. 244.

Effect of increased coverage on accounts and deposits in banks
grouped by size and by population of center. The effects of increased
coverage on the accounts and deposits of banks grouped by size are given
in Table 55. In all the size groups an increase in coverage from $5,000
to $10,000 would raise the percentage of accounts fully protected to at



75

INSURANCE PROTECTION W ITH SPECIFIED COVERAGE

least 98 percent; and an increase to $25,000 would further increase it to
more than 99 percent in every size group.
Table 55.

A ccounts F u ll y P rotected
of

$5,000, $10,000,

and

M

w it h

$25,000,

a x im u m

C overages

Se p t e m b e r

per

A ccount

30, 1949

ALL INSURED BANKS GROUPED B Y AMOUNT OF DEPOSITS

Accounts (in thousands)
fully protected with coverage of—
$10,000

$5,000

$25,000

All
deposits

All Insured banks— to ta l................................................

$99,564

$102,559

$103,489

$104,003

In banks with deposits of—
$250,000 or less..................................................................
$250,000 to $1,000,000.....................................................
$1,000,000 to $5,000,000.................................................
$5,000,000 to $25,000,000...............................................
$25,000,000 to $100,000,000..........................................
Over $100,000,000.............................................................

30
2,301
19,859
26,535
16,975
33,864

30
2,343
20,328
27,194
17,477
35,187

31
2,355
20,488
27,422
17,630
35,563

31
2,358
20,536
27,519
17,721
35,838

Percent of accounts fully protected— all banks1. .

97.5%

98.6%

99.5%

100.0%

98.7
97.6
96.7
96.4
95.8
94.5

99.7
99.4
99.0
98.8
98.6
98.2

99.9
99.9
99.8
99.6
99.5
99.2

100.0
100.0
100.0
100.0
100.0
100.0

In banks with deposits of—
$250,000 or less..................................................................
$250,000 to $1,000,000.....................................................
$1,000,000 to $5,000,000.................................................
$5,000,000 to $25,000,000...............................................
$25,000,000 to $100,000,000..........................................
Over $100,000,000.............................................................
1 Calculated from the original figures before rounding.

The effect of increased coverage on the amount of deposits insured,
for banks in each size group, is shown in Table 56.
Table 56.

A mount
of

of

D

e p o s it s

I nsured

$5,000, $10,000,

and

w it h

$25,000,

M

a x im u m

C overages

Se p t e m b e r

per

A ccount

30, 1949

ALL INSURED BANKS GROUPED BY AMOUNT OF DEPOSITS

Deposits (in millions)
insured with coverage of—
$5,000

$10,000

$25,000

All
deposits

All insured banks— to ta l.................................................

$74,533

$86,288

$98,464

$152,667

In banks with deposits of—
$250,000 or less..................................................................
$250,000 to $1,000,000.....................................................
$1,000,000 to $5,000,000.................................................
$5,000,000 to $25,000,000...............................................
$25,000,000 to $100,000,000...........................................
Over $100,000,000.............................................................

13
1,387
13,429
17,946
12,531
29,227

14
1,529
15,215
20,583
14,507
34,440

15
1,628
16,677
23,122
16,578
40,444

15
1,695
18,227
28,110
23,769
80,851

Percent of deposits insured— all banks1...................

48.8%

56.5%

64.5%

100.0%

88.2
81.8
73.7
63.8
52.7
36.1

94.6
90.2
83.5
73.2
61.0
42.6

98.7
96.0
91.5
82.3
69.7
50.0

100.0
100.0
100.0
100.0
100.0
100.0

In banks with deposits of—
$250,000 or less..................................................................
$250,000 to $1,000,000.....................................................
$1,000,000 to $5,000,000.................................................
$5,000,000 to $25,000,000...............................................
$25,000,000 to $100,000,000..........................................
Over $100,000,000.............................................................
1 Calculated from the original figures before rounding.




76

FEDERAL DEPOSIT INSURANCE CORPORATION

Increasing the insurance coverage would have a relatively greater
effect on the amount of deposits insured, particularly in the larger banks.
In banks with more than $100 million of deposits, raising the coverage
to $10,000 would increase the proportion of deposits insured from 36
percent to 43 percent, while increasing the coverage to $25,000 would
raise this percentage to 50 percent. In the case of banks with less than
$1 million of deposits increasing the coverage from $5,000 to $10,000
would increase the proportion of deposits insured from 82 percent to
90 percent, and raising the coverage to $25,000 would increase it to 96
percent.
When banks are grouped by size of city the percentage of deposits
insured in 1949 under the $5,000 limitation ranges from 77 percent in
the case of banks which are located in places of less than 1,000 inhabitants
T
in 1940 to 39 percent in the case of banks which are located, or which
have their head offices located, in cities of 500,000 or more in 1940.
If coverage were increased to $10,000 the percentage of deposits insured
would range from 87 percent in places of less than 1,000 inhabitants to
45 percent in cities of 500,000 or more; with an increase in coverage to
$25,000 the range would be from 94 percent to 52 percent. Figures by
size of center in which banks are located are given in Table 57.
Table 57.

D

e p o s it s

I nsured

$5,000, $10,000,

w it h

and

M

a x im u m

$25,000,

C overages

Se p t e m b e r

per

A ccount

of

30, 1949

ALL INSURED BANKS GROUPED BY POPULATION OF CENTER IN WHICH LOCATED

Deposits (in millions)
insured with coverage of—
$5,000

$ 10,000

$25,000

All
deposits

All insured b anks............................................................

$74,533

$86,288

$98,464

$152,667

Banks in centers with population in 1940 ofLess than 1,000.............................................................
1.000 to 5,000..................................................................
5.000 to 25,000................................................................
25.000 to 100,000............................................................
100.000 to 500,000..........................................................
500.000 or more.............................................................

4,138
9,330
11,639
9,697
11,994
27,735

4,659
10,612
13,365
11,200
14,044
32,408

5,032
11,679
14,994
12,806
16,493
37,460

5,378
12,927
17,993
17,313
27,633
71,423

48.8%

56.5%

64.5%

100.0%

76.9
72.2
64.7
56.0
43.4
38.8

86.6
82.1
74.3
64.7
50.8
45.4

93.6
90.3
83.3
74.0
59.7
52.4

100.0

Percent of deposits insured— all banks1...............
Banks in centers with population in 1940 ofLess than 1,000.............................................................
1.000.to 5,000................................................................
5.000 to 25,000..............................................................
25.000 to 100,000..........................................................
100.000 to 500,000........................................................
500.000 or more.............................................................

100.0
100.0
100.0
100.0
100.0

1 Calculated from the original figures before rounding.

Effect of increased coverage on fully protected accounts and
insured deposits classified by type. In terms of fully protected ac­
counts an increase in coverage would have less effect on savings and time



77

INSURANCE PROTECTION W ITH SPECIFIED COVERAGE

deposits of individuals, partnerships, and corporations than on other
types of deposits. This is because the coverage under the $5,000 limita­
tion is already higher for this type of deposit than for others. Under the
$5,000 limitation 96.3 percent of savings and time accounts were fully
protected; under $10,000 coverage this would be increased to 99.5 per­
cent, and under $25,000 to 99.9 percent. In the case of demand accounts
of individuals, partnerships, and corporations changes in coverage would
raise the percentage of accounts fully protected from 95.1 percent under
$5,000 to 97.6 percent under $10,000 and 99.1 percent under $25,000.
These figures and also the effects of increase in coverage on government,
interbank, and other accounts are given in Table 58.
Table 58. A c c o u n t s F u l l y P r o t e c t e d
o f $5,000, $10,000, a n d $25,000, A l l

M

w it h

a x im u m

C overages

I n s u r e d B a n k s , Se p t e m b e r

per

A ccount

30, 1949

a c c o u n t s g r o u p e d b y t y p e o f d e p o s it

Accounts (in thousands)
fully protected with coverage of—
Type of deposit
$5,000

All types of deposits......................................
Deposits of individuals, partnerships, and corporations:
Demand........................................................
Savings and time........................................
Government deposits.....................................
Interbank deposits.........................................
Other deposits.................................................
Percent of accounts fully protected— total1...........
Deposits of individuals, partnerships, and cor­
porations:
Demand...........................................................................
Savings and time...........................................................
Government deposits.......................................................
Interbank deposits............................................................
Other deposits....................................................................

$10,000

$25,000

All
deposits

99,564

102,559

103,489

104,003

38,685
54,836
200
37
5,806

39,740
56,689
227
48
5,855

40,343
56,938
253
67
5,888

40,699
56,971
293
127
5,913

95.7%

98.6%

99.5%

100.0%

95.1
96.3
68.1
29.2
98.2

97.6
99.5
77.4
37.7
99.0

99.1
99.9
86.3
52.7
99.6

100.0
100.0
100.0
100.0
100.0

1 Calculated from the original figures before rounding.

Substantial changes in the percentage of deposits insured would result
from changes in coverage. A rise in coverage to $10,000 would increase
the proportion of savings and time deposits insured from 87 percent to
97 percent; if coverage were $25,000 the proportion would be 98 percent.
For demand deposits of individuals, partnerships, and corporations the
coverage of 40 percent under the $5,000 limitation would be raised to
48 percent under $10,000, and to 59 percent under $25,000. These figures
and also the effects of increase in coverage on government, interbank,
and miscellaneous deposits are given in Table 59.
Effect of increase in coverage on insured commercial banks.
Under the $5,000 limitation insured commercial banks had 96.0 percent
of their accounts fully protected and 44.8 percent of their deposits insured



78

FEDERAL DEPOSIT INSURANCE CORPORATION

on September 30, 1949. An expansion of insurance coverage to $10,000
would have increased the proportion of accounts fully protected to 98.5
percent and deposits insured to 52.4 percent. Extension of insurance to
$25,000 per account would increase the proportion of accounts fully
protected to 99.4 percent and the deposits insured to 61.1 percent.
Table 59.

D

e p o s it s

$10,000,

I nsured

and

w it h

$25,000,

all

M

C overages

a x im u m

per

A ccount

I n s u r e d B a n k s , Se p t e m b e r

of

$5,000,

30, 1949

a c c o u n t s g r o u p e d b y t y p e o f d e p o s it

Deposits (in millions)
insured with coverage of—
Type of deposit
$5,000

$10,000

$25,000

All
deposits

All types of deposits.........................................................
Deposits of individuals, partnerships, and cor­
porations:
Demand.................. ........................................................
Savings and time...........................................................
Government deposits........................................................
Interbank deposits..... .......................................................
Other deposits....................................................................

$74,533

$86,288

$98,464

$152,667

30,834
40,848
723
496
1,632

37,622
44,611
1,114
921

2,020

46,078
45,975
1,884
1,956
2,571

77,790
46,941
11,743
11,339
4,854

Percent of deposits insured— total1............................
Deposits of individuals, partnerships, and cor­
porations:
Demand.................. ........................................................
Savings and time...........................................................
Government deposits.......................................................
Interbank deposits............................................................
Other deposits....................................................................

48.8%

56.5%

64.5%

100.0 %

39.6
87.0
6.2
4.4
33.6

48.4
96.8
9.5
8.1
41.6

59.2
97.9
16.0
17.3
53.0

100.0
100.0
100.0
100.0

100.0

1 Calculated from the original figures before rounding.

Under the insurance coverage of $5,000 on September 30, 1949, there
were nine insured commercial banks in which all deposits were insured
and 755 in which from 90 to 99 percent of deposits were insured. Most
of the banks had percentages of their deposits insured ranging from 60
to 90, but there were 103 banks which fell in the group of only 20 to 29
percent and 60 which had less than 20 percent of their deposits insured.
Corresponding distributions under insurance coverages of $10,000 or
$25,000 have not been prepared. However, Table 60 shows what effect
the increased coverages would have upon the percentages of deposits
insured in the banks grouped according to the proportions insured under
the $5,000 limitation. The 60 banks, for example, each of which had
less than 20 percent of their deposits insured under the $5,000 limitation,
had an average of 12 percent of their deposits insured under that limita­
tion. These banks on the average would have 16 percent of their deposits
insured under a $10,000 limitation and 23 percent under the coverage
of $25,000.
Detailed figures on the fully protected accounts and insured deposits
of insured commercial banks under insurance coverages of $5,000,
$10,000, and $25,000 respectively, for banks located in each State and



79

INSURANCE PROTECTION W ITH SPECIFIED COVERAGE

Federal Deposit Insurance Corporation district, are given on pages 104OS (Table 75). Similar data for insured commercial banks grouped by size
of bank, by population of center in which located, by percent of deposits
insured under the $5,000 limitation, and by chartering authority and
Federal Reserve membership, are given on pages 106-07 (Table 76).
T a b le 6 0 .

E ffect

of

I ncreased I nsurance

C overage

on

I nsured D

e p o s it s ,

S e p t e m b e r 3 0 , 1 949
in su r e d

c o m m e r c ia l

banks

grouped

by

percent

of

d e p o s it s

in s u r e d

under

$ 5 ,0 0 0 PER ACCOUNT

Number
of
banks

Banks with percent of de­
posits insured (under
$5,000 lim itation) of—
100 percent.............................
90 to 99 percent.....................
80 to 89 percent.....................
70 to 79 percent.....................
60 to 69 percent.....................

9
755
3,568
4,355
2,773

50 to 59 percent.....................
40 to 49 percent.....................
30 to 39 percent.....................
20 to 29 percent.....................
Less than 20 percent............

1,201
398
218
103
60

Amount
of
deposits
(in
millions)

Percent of deposits insured
with coverage of—
$5,000

$10,000

$25,000

3
729
7,199
15,928
17,772

100.0%
93.0
83.8
74.8
65.1

100.0%
97.9
91.9
84.2
74.9

100.0%
99.7
97.0
91.7
84.2

25,248
12,178
16,945
15,398
27,853

54.9
45.3
34.1
24.7
11.7

64.1
53.9
41.4
30.9
15.9

73.4
64.5
51.4
40.1
23.4

$

All
deposits

100.0%
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0

Effect of increase in coverage on insured mutual savings banks.
Under the $5,000 limitation in effect on September 30, 1949, 93.8 percent
of accounts in insured mutual savings banks were fully protected. An
increase in coverage to $10,000 would have provided full protection to
99.7 percent of accounts; an increase to $25,000, full protection to 99.99
percent of all accounts.
Under the $5,000 limitation, 90.4 percent of the deposits in mutual
savings banks were insured on September 30, 1949. Increase in coverage
to $10,000 would raise the proportion of deposits insured to 99.1 per­
cent and a coverage of $25,000 to 99.9 percent. Detailed figures showing
the effect of increased insurance coverage on mutual savings banks
are given on pages 108-09 (Table 77).




D

e t a il e d

T ables: D

Table 61.

D

is t r ib u t io n of

is t r ib u t io n

of

A

A ccounts

ccounts

of

I n s u r e d C o m m e r c ia l B a n k s A

A c c o r d in g

to

c c o r d in g t o

Siz e

S i z e , I n s u r e d C o m m e r c ia l B a n k s , S e p t e m b e r

of

A

ccount

30, 1949

B AN K S GROUPED B Y FEDERAL DEPOSIT INSURANCE CORPORATION DISTRICT AND STATE

FDIC District and State

Total

United S tates...........................

$5,000
to
$10,000

$10,000
to
$25,000

More
than
$25,000

$5,000
or less

$5,000
to
$10,000

$10,000
to
$25,000

More
than
$25,000

13,440

91,452,455

87,795,611

2,248,385

895,570

512,889

96.0%

2.5%

1.0%

•5%

13,434

91,408,021

87,752,822

2,247,207

895,234

512,758

96.0

2.5

1.0

.5

42,789

1,178

336

131

96.3

2.6

.8

.3

5,168,312
13,507,158
12,606,479
7,001,422
4,465,604
6,190,093
8,676,458
7,853,495
3,084,377
3,966,091
5,617,500
13,315,466

4,996,354
12,874,427
12,148,816
6,797,337
4,309,284
5,973,744
8,351,717
7,477,009
2,946,704
3,794,903
5,384,363
12,740,953

101,155
352,463
290,842
124,059
94,444
130,186
218,552
233,291
91,027
102,031
131,864
378,471

42,006
157,431
107,470
50,757
39,862
53,362
71,765
92,037
32,052
46,422
63,643
138,763

28,797
122,837
59,351
29,269
22,014
32,801
34,424
51,158
14,594
22,735
37,630
57,279

96.7
95.3
96.4
97.1
96.5
96.5
96.3
95.2
95.5
95.7
95.8
95.7

1.9
2.6
2.3
1.8
2.1
2.1
2.5
3.0
3.0
2.6
2.4
2.8

.8
1.2
.8
.7
.9
.9
.8
1.2
1.0
1.1
1.1
1.1

.6
.9
.5
.4
.5
.5
.4
.6
.5
.6
.7
.4

State
Alabama..................................
Arizona.....................................
Arkansas..................................
California.................................
Colorado..................................

224
10
220
194
140

1,167,000
314,727
661,906
10,172,099
736,531

1,132,394
301,623
637,667
9,735,659
701,610

21,187
8,362
14,520
287,639
21,197

8,654
3,319
6,368
106,765
9,230

4,765
1,423
3,351
42,036
4,494

97.0
95.8
96.3
95.7
95.3

1.8
2.6
2.2
2.8
2.9

.8
1.1
1.0
1.1
1.2

.4
.5
.5
.4
.6

Connecticut.............................
Delaware..................................
District of Columbia.............
Florida......................................
Georgia.....................................

97
38
19
187
326

1,085,760
223,872
685,522
1,157,347
1,416,854

1,051,556
214,115
661,017
1,101,235
1,373,785

20,776
5,408
14,047
34,469
25,166

8,265
2,746
6,633
14,382
10,793

5,163
1,603
3,825
7,261
7,110

96.8
95.6
96.4
95.2
97.0

1.9
2.4
2.0
3.0
1.8

.8
1.3
1.0
1.2
.7

.5
.7
.6
.6
.5




CO R PO R ATIO N

44,434

465
1,007
1,609
1,030
936
1,440
1,436
1,479
1,086
1,392
1,069
491

District
District
District
District
District
District
District
District
District
District
District
District

INSURANCE

6

1 .................................
2 .................................
3 .................................
4 .................................
5 .................................
6 .................................
7 ..................................
8 ..................................
9 .................................
10................................
11...............................
12...............................

Possessions................................

DEPOSIT

United States and possessions

$5,000
or less

Percent of total accounts

FEDERAL

Number of accounts
Number
of banks

42
873
477
606
461

292,875
6,129,894
2,355,121
1,723,601
1,087,799

277,318
5,826,583
2,262,804
1,650,426
1,040,986

10,136
185,723
60,490
47,568
28,192

3,959
73,699
21,462
18,338
12,715

1,462
43,889
10,365
7,269
5,906

94.7
95.1
96.1
95.7
95.7

3.5
3.0
2.6
2.8
2.6

1.3
1.2
.9
1.1
1.2

.5
.7
A
.4
.5

Kentucky...........
Louisiana............
Maine..................
Maryland...........
Massachusetts. .

361
160
54
162
175

1,247,053
1,265,200
548,140
1,316,143
2,427,416

1,205,628
1,223,623
534,813
1,275,999
2,336,029

25,683
23,361
8,695
24,509
49,581

10,492
10,921
3,172
10,058
23,452

5,250
7,295
1,460
5,577
18,354

96.7
96.7
97.6
96.9
96.2

2.1
1.8
1.6
1.9
2.0

.8
.9
.5
.8
1.0

.4
.6
.3
.4
.8

Michigan.............
Minnesota..........
Mississippi.........
Missouri..............
Montana.............

417
660
199
571

3,946,379
1,974,775
724,403
2,734,686
355,003

3,803,733
1,898,576
701,870
2,635,019
334,485

96,022
50,179
13,622
58,748
12,773

31,036
16,603
6,033
24,255
5,567

15,588
9,417
2,878
16,664
2,178

96.4
96.1
96.9
96.4
94.2

2.4
2.5
1.9
2.1
3.6

.8
.9
.8
.9
1.6

.4
.5
.4
.6
.6

Nebraska............
Nevada...............
New Hampshire
New Jersey........
New M exico.. . .

362
57
329
50

815,854
107,774
228,644
4,392,742
235,612

775,359
101,261
221,933
4,249,790
225,783

24,553
4,329
4,088
99,970
5,843

10,958
1,567
1,757
29,346
2,769

4,984
617
866
13,636
1,217

95.0
94.0
97.1
96.7
95.8

3.0
4.0
1.8
2.3
2.5

1.4
1.4
.7
.7
1.2

.6
.6
.4
.3
.5

New York...........
North Carolina.
North Dakota. .
Ohio.....................
Oklahoma...........

639
226
145
648
375

8,882,163
1,374,145
353,943
5,160,594
1,158,200

8,402,289
1,331,515
332,623
4,963,299
1,118,502

246,987
24,467
14,754
128,343
22,618

125,303
10,807
5,162
44,420
10,859

107,584
7,356
1,404
24,532
6,221

94.6
96.9
94.0
96.2
96,6

2.8
1.8
4.2
2.5
2.0

1.4
.8
1.4
.8
.9

1.2
.5
.4
.5
.5

Oregon.................
Pennsylvania. . .
Rhode Island. ..
South Carolina..
South Dakota. . .

68
961
13
134
170

934,402
7,445,885
539,173
592,842
400,656

891,151
7,185,517
521,684
573,588
381,020

29,421
162,499
11,209
11,451
13,321

9,408
63,050
3,878
5,031
4,720

4,422
34,819
2,402
2,772
1,595

95.4
96.5
96.8
96.8
95.1

3.1
2.2
2.1
1.9
3.3

1.0
.8
.7
.8
1.2

.5
.5
.4
.5
.4

COMMERCIAL

Tennessee...........
Texas...................
U tah.....................
Vermont.............
Virginia...............

288
849
55
69
313

1,546,448
3,801,961
421,900
339,179
2,005,818

1,495,430
3,633,334
408,016
330,339
1,954,663

31,235
94,298
9,101
6,806
32,412

12,247
46,634
3,044
1,482
12,235

7,536
27,695
1,739
552
6,508

96.7
95.6
96.7
97.4
97.5

2.0
2.5
2.2
2.0
1.6

.8
1.2
.7
.4
.6

.5
.7
.4
.2
.3

BANKS

Washington........
West Virginia.. .
Wisconsin...........
Wyoming............

119
176
542
54

1,350,363
1,026,952
2,374,958
167,707

1,292,992
1,000,555
2,285,180
158,446

36,765
17,173
62,040
5,471

13,720
5,993
19,267
2,660

6,886
3,231
8,471
1,130

95.8
97.4
96.2
94.5

2.7
1.7
2.6
3.2

1.0
.6
.8
1.6

.5
.3
.4
.7

8

O
F
INSURED




111

ACCOUNTS

Idaho...................
Illinois.................
Indiana...............
Iowa.....................
Kansas.................

00

Table 62. D

is t r ib u t io n

banks

of

grouped

percent

of

A c c o u n t s A c c o r d in g
by

amount

d e p o s it s

S i z e , I n s u r e d C o m m e r c ia l B a n k s , S e p t e m b e r

to

o f d e p o s it s , p o p u l a t io n

in su r e d , and

c lass; and

of

center

accounts

in

w h ic h

grouped

by

type

Number
of banks
Total

$5,000
or less

$5,000
to
$10,000

$10,000
to
$25,000

More
than
$25,000

$5,000
to
$10,000

$ia,ooo
to
$25,000

1.0
1.4
1 *9
2.2
2.3

.3
.4
.5
.7
.8

105,260
118,951
78,678
66,332
354,456

41,667
55,423
43,606
45,962
274,452

96.6
96.4
96.1
95.8
94.9

2.3
2.3
2.4
2.5
2.8

.8
.9
1.0
1.0
1.3

.3
.4
.5
.7
1.0

14,669
41,095
88,726
168,342

4,459
12,616
28,968
58,423

1,460
2,803
6,934
16,614

96.5
96.7
96.6
96.6

2.5
2.4
2.4
2.4

.7
.7
.8
.8

.3
o
o
•4
o

6,471,863
7,370,802
4,480,135
4,989,962

155,826
177,257
103,470
117,956

56,122
65,051
38,434
45,201

19,441
24,460
16,277
20,571

96.6
96.5
96.6
96.4

2.3
2.3
2.2
2.3

.8
.9
.8
.9

.3
Q
•
o
A
•4
.4

6,985,886
6,753,315
15,160,786
23,004,418

166,405
150,644
377,453
686,542

61,886
62,020
154,514
307,876

30,973
35,942
110,642
226,772

96.4
96.4
95.9
95.0

2.3
2.2
2 .4
2.8

.9
.9
1.0
1.3

.4
K
.0
t
.r
1
.9

2,248,385

895,570

512,889

Banks with deposits of—
$250,000 or less......................
$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. . .

77
522
1,954
3,320
4,207

30,559
335,806
2,021,466
5,808,017
14,635,438

30,165
329,565
1,970,765
5,628,446
14,141,173

296
4,547
37,230
127,206
338,221

82
1,355
10,876
41,574
118,006

$5,000,000 to $10,000,000. .
$10,000,000 to $25,000,000.
$25,000,000 to $50,000,000.
$50,000,000 to $100,000,000
More than $100,000,000....

1,763
971
302
148
176

12,756,230
13,580,613
8,037,374
6,448,504
27,798,448

12,319,780
13,094,352
7,721,821
6,179,437
26,380,107

289,523
311,887
193,269
156,773
789,433

Banks in center with popu­
lation of—
Less than 250 ........................
250 to 500 ............................
500 to 1,000
.....................
1,000 to 2,500.........................

550
1,426
2,300
2,986

580,061
1,698,795
3,612,610
7,132,087

559,473
1,642,281
3,487,982
6,888,708

2,500 to 5,000.........................
5,000 to 10,000.......................
10,000 to 15,000.....................
15,000 to 25,000.....................

1,759
1,445
637
545

6,703,252
7,637,570
4,638,316
5,173,690

25,000 to 50,000.....................
50,000 to 100,000...................
100,000 to 500,000................
500,000 or more.....................

533
372
560
327

7,245,150
7,001,921
15,803,395
24,225,608

(l)
•
1
1
•
1
o
m
U
Q
•
O

CO R PO R ATIO N

98.7
98.1
97.5
96.9
96.6

87,795,611

INSURANCE

16
339
2,595
10,791
38,038

91,452,455

DEPOSIT

.5%

2.5%

13,440

1.0%

More
than
$25,000

96.0%

All Insured com m ercial banks




$5,000
or less

FEDERAL

Percent of total accounts

Number of accounts
Classification

30, 1949

located,

Banks with percent of de­
posits insured of—
100 percent..............................
90 to 99 percent.....................
80 to 89 percent.....................
70 to 79 percent.....................
60 to 69 percent.....................

374
10,439
40,738
61,802

100.0
98.1
97.4
96.8
96.4

1.6
2.0
2.3
2.3

.3
.5
.7
.9

(*)
.1
.2
.4

1,201

21,174,910
7,574,212
7,695,085
4,850,238
3,123,638

20,340,713
7,231,737
7,306,958
4,560,253
2,816,994

534,941
197.326
208,389
147,637
117,857

206,265
90,276
102,182
74,298
82,721

92,991
54,873
77,556
68,050
106,066

96.1
95.5
95.0
94.0
90.2

2.5
2.6
2.7
3.1
3.8

1.0
1.2
1.3
1.5
2.6

.4
.7
1.0
1.4
3.4

398
218
103
60

4,983

49,805,779

47,739,312

1,243,563

513,283

309,621

95.9

2.5

1.0

.6

1,917

21,169,747

20,246,463

546,860

227,545

148,879

95.6

2.6

1.1

.7

6,540

20,476,929

19,809,836

457,962

154,742

54,389

96.7

2.2

.8

.3

40,680,878
44,629,919
126,928

38,666,956
43,276,077
36,930

1,054,391
1,106,997
10,814

602,990
215,217
19,048

356,541
31,628
60,136

95.0
96.9
29.1

2.6
2.5
8.5

1.5
.5
15.0

.9
.1
47.4

292,155
725,559
599,960
4,397,056

198,797
678,435
573,719
4,364,697

27,179
20,380
11,047
17,577

26,123
14,990
8,564
8,638

40,056
11,754
6,630
6,144

68.1
93.5
95.6
99.3

9.3
2.8
1.9
.4

8.9
2.1
1.4
.2

13.7
1.6
1.1
.1

BANKS




3,199
49,806
133,623
153,200

COMMERCIAL

1 Less than 0.05 percent.

19,616
193,791
414,503
414.325

INSURED

Type of account
Deposits
of
individuals,
partnerships, and cor­
porations:
Demand................................
Savings and time...............
Interbank deposits................
Government
and
postal
savings deposit...................
Uninvested trust funds........
Drafts.......................................
Other items..............................

6,842
1,198,887
9,435,945
17,888,428
17,008,854

O
F

Glass of bank
National banks members
F . R . System...................
State banks members F. R
System................................
Banks not members F . R
System...........................

6,842
1,222,076
9,689,981
18,477,292
17,638,181

ACCOUNTS

50 to 59 percent........
40 to 49 percent........
30 to 39 percent........
20 to 29 percent........
Less than 20 percent.

9
755
3,568
4,355
2,773

00
CO

D i s t r i b u t i o n o f D e m a n d A c c o u n t s o f I n d i v i d u a l s , P a r t n e r s h i p s , a n d C o r p o r a t io n s ,
A c c o r d i n g t o S i z e o f A c c o u n t , I n s u r e d C o m m e r c ia l B a n k s , S e p t e m b e r 3 0 , 1 949

T a b le 6 3 .

BANKS GROUPED BY FEDERAL DEPOSIT INSURANCE CORPORATION DISTRICT AND STATE

FDIC District and State

Total
$5,000
or less

$5,000
to
$10,000

$10,000
to
$25,000

More than
$25,000

$5,000
or less

$5,000
to
$10,000

$10,000
to
$25,000

More than
$25,000

1,054,391

602,990

356,541

95.0%

2.6%

1.5%

38,653,155

1,053,984

602,804

356,471

95.0

2.6

1.5

.9

Possessions............................................................

14,464

13,801

407

186

70

95.4

2.8

1.3

.5

1 ..................................................................
2 .................................................................
3 ..................................................................
4 ..................................................................
5 .................................................................
6 ..................................................................
7 ..................................................................
8 ..................................................................
9 ..................................................................
10................................................................
11................................................................
12...............................................................

1,759,359
5,012,175
4,474,116
3,821,466
2,869,414
3,809,574
2,903,848
3,145,584
1,555,294
2,712,914
3,959,125
4,658,009

1,660,758
4,640,304
4,249,079
3,701,038
2,771,477
3,672,804
2,761,993
2,939,401
1,474,853
2,582,429
3,785,732
4,427,088

45,862
165,354
113,622
64,166
55,303
78,429
75,613
110,071
49,168
77,957
95,880
122,966

31,085
115,045
69,240
35,973
28,288
38,035
42,602
61,023
22,538
37,760
51,627
69,774

21,654
91,472
42,175
20,289
14,346
20,306
23,640
35,089
8,735
14,768
25,886
38,181

94.4
92.6
95.0
96.9
96.6
96.4
95.1
93.5
94.8
95.2
95.6
95.1

2.6
3.3
2.5
1.7
1.9
2.1
2.6
3.5
3.2
2.9
2.4
2.6

1.8
2.3
1.6
.9
1.0
1.0
1.5
1.9
1.4
1.4
1.3
1.5

1.2
1.8
.9
.5
.5
.5
.8
1.1
.6
.5
.7
.8

State
Alabama...................................................................
Arizona.....................................................................
Arkansas..................................................................
California.................................................................
Colorado..................................................................

773,796
163,040
515,745
3,119,046
392,570

753,309
155,071
498,560
2,965,268
368,702

11,609
4,538
10,338
80,177
13,456

5,747
2,365
4,752
46,736
7,197

3,131
1,066
2,095
26,865
3,215

97.4
95.1
96.7
95.1
93.9

1.5
2.8
2.0
2.6
3.4

.7
1.4
.9
1.5
1.9

.4
.7
.4
.8
.8

Connecticut.............................................................
Delaware..................................................................
District of Columbia.............................................
Florida......................................................................
Georgia.....................................................................

366,398
124,037
356,469
699,420
852,598

347,119
117,643
339,965
662,264
826,388

9,530
3,170
8,215
21,049
14,247

6,043
1,992
5,151
10,954
7,489

3,706
1,232
3,138
5,153
4,474

94.7
94.8
95.4
94.7
96.9

2.6
2.6
2.3
3.0
1.7

1.7
1.6
1.4
1.6
.9

1.0
1.0
.9
.7
.5

District
District
District
District
District
District
District
District
District
District
District
District




.9 %

CO R PO R ATIO N

38,666,956

40,666,414

INSURANCE

40,680,878

United States.......................................................

DEPOSIT

United States and possessions.........................

FEDERAL

Percent of total accounts—

Number of demand accounts of—

183,976
2,170,122
1,108,105
975,462
786,932

174,090
2,010,616
1,057,546
928,785
750,120

5,950
80,873
28,896
29,198
22,778

2,928
47,837
14,647
13,186
10,433

1,008
30,796
7,016
4,293
3,601

94.6
92.7
95.5
95.2
95.3

3.2
3.7
2.6
3.0
2.9

1.6
2.2
1.3
1.4
1.3

.6
1.4
.6
.4
.5

Kentucky...........
Louisiana............
Maine..................
Maryland...........
Massachusetts. .

895,473
698,808
133,180
545,304
825,787

866,431
671,637
126,639
523,559
767,358

17,754
14,360
3,440
10,885
26,056

7,884
8,195
2,044
6,877
18,428

3,404
4,616
1,057
3,983
13,945

96.7
96.1
95.1
96.0
92.9

2.0
2.0
2.6
2.0
3.2

.9
1.2
1.5
1.3
2.2

.4
.7
.8
.7
1.7

Michigan.............
Minnesota...........
Mississippi.........
Missouri..............
Montana.............

1,059,584
819,551
543,600
1,468,899
216,207

1,005,855
783,641
529,516
1,405,430
200,865

26,546
20,424
8,398
35,341
9,269

16,503
10,218
4,098
17,737
4,560

10,680
5,268
1,588
10,391
1,513

94.9
95.6
97.4
95.7
92.9

2.5
2.5
1.5
2.4
4.3

1.6
1.2
.8
1.2
2.1

1.0
.7
.3
.7
.7

Nebraska............
Nevada...............
New Hampshire.
New Jersey.........
New M exico.. . .

536,035
51,082
89,404
1,260,549
165,204

504,014
48,117
85,547
1,200,175
157,957

19,865
1,627
2,014
31,993
4,279

9,081
924
1,221
18,582
2,214

3,075
414
622
9,799
754

94.0
94.2
95.7
95.2
95.6

3.7
3.2
2.2
2.5
2.6

1.7
1.8
1.4
1.5
1.3

.6
.8
.7
.8
.5

New York...........
North Carolina..
North Dakota. .
Ohio.....................
Oklahoma...........

3,626,737
863,975
238,349
1,750,800
890,115

3,321,682
837,219
223,413
1,661,980
858,794

130,161
14,096
9,990
44,175
18,201

94,459
7,923
3,955
27,079
8,992

80,435
4,737
991
17,566
4,128

91.6
96.9
93.7
94.9
96.5

3.6
1.6
4.2
2.5
2.0

2.6
.9
1.7
1.6
1.0

2.2
.6
.4
1.0
.5

Oregon.................
Pennsylvania. . .
Rhode Island. ..
South Carolina..
South Dakota. . .

449,478
2,723,316
249,954
426,446
281,187

425,065
2,587,099
242,036
412,319
266,934

13,821
69,447
3,356
8,151
9,485

7,091
42,161
2,579
4,021
3,805

3,501
24,609
1,983
1,955
963

94.5
95.0
96.8
96.7
94.9

3.1
2.6
1.4
1.9
3.4

1.6
1.5
1.0
.9
1.4

.8
.9
.8
.5
.3

COMMERCIAL

Tennessee...........
Texas...................
Utah.....................
Vermont.............
Virginia...............

929,457
2,932,073
166,320
94,636
1,057,051

902,383
2,801,067
160,014
92,059
1,030,735

14,996
72,703
3,216
1,466
14,219

7,662
38,853
1,940
770
7,901

4,416
19,450
1,150
341
4,196

97.1
95.5
96.2
97.3
97.5

1.6
2.5
1.9
1.5
1.4

.8
1.3
1.2
.8
.7

.5
.7
.7
.4
.4

BANKS

Washington........
West Virginia
Wisconsin...........
Wyoming............

674,495
572,221
736,159
107,262

641,537
557,241
698,592
100,799

17,798
8,600
20,171
3,657

9,981
4,100
11,452
2,057

5,179
2,280
5,944
749

95.1
97.4
94.9
94.0

2.6
1.5
2.7
3.4

1.5
.7
1.6
1.9

.8
.4
.8
.7

O
F
INSURED




ACCOUNTS

Idaho...................
Illinois.................
Indiana...............
Iowa.....................
Kansas.................

00

Cn

T a b le 6 4 .

D

is t r ib u t io n

A c c o r d in g

of
to

S a v in g s
S iz e

of

and

T im e A c co u n t s

of

I n d iv id u a l s , P a r t n e r s h ip s ,

and

C o r p o r a t io n s ,

A c c o u n t , I n s u r e d C o m m e r c ia l B a n k s , S e p t e m b e r 3 0 , 194 9

BANKS GROUPED BY FEDERAL DEPOSIT INSURANCE CORPORATION DISTRICT AND STATE

FDIC District and State

Percent of total accounts—

$5,000
or less

United States and possessions.........................

44,629,919

43,276,077

1,106,997

215,217

31,628

96.9%

2.5 %

•5%

.1%

United States.......................................................

44,605,115

43,252,092

1,106,287

215,116

31,620

97.0

2.4

.5

.1

$10,000
to
$25,000

More than
$25,000

$5,000
or less

$5,000
to
$10,000

$10,000
to
$25,000

More than
$25,000

23,985

710

101

8

96.7

2.9

.4

C)
1

3,115,669
7,661,325
7,527,826
2,944,839
1,448,039
2,066,164
5,333,068
4,071,835
1,352,020
1,055,584
1,403,840
6,649,710

3,058,526
7,461,159
7,327,555
2,877,104
1,405,402
2,011,274
5,171,007
3,931,166
1,307,710
1,031,500
1,367,318
6,326,356

49,880
170,234
166,742
55,311
34,315
44,961
136,089
114,524
37,514
19,440
29,462
248,525

6,655
26,579
29,434
10,687
7,137
8,629
22,975
23,172
6,166
4,034
5,855
63,894

608
3,353
4,095
1,737
1,185
1,300
2,997
2,973
630
610
1,205
10,935

98.2
97.5
97.3
97.7
97.0
97.3
97.0
96.5
96.7
97.7
97.4
95.1

1.6
2.2
2.2
1.9
2.4
2.2
2.5
2.8
2.8
1.8
2.1
3.7

.2
.3
.4
.3
.5
.4
.4
.6
.5
.4
.4
1.0

0)
0)
.1
.1
.1
.1
.1
.1
0)
.1
.1
.2

State
Alabama........... .......................................................
Arizona.....................................................................
Arkansas...................................................................
California.................................................................
Colorado..................................................................

363,956
130,660
113,832
5,165,673
310,310

353,064
126,166
109,581
4,896,262
301,697

8,586
3,587
3,259
202,717
6,943

1,981
775
860
56,726
1,440

325
132
132
9,968
230

97.0
96.6
96.3
94.8
97.2

2.4
2.7
2.9
3.9
2.2

.5
.6
.7
1.1
.5

.1
.1
.1
.2
.1

Connecticut.............................................................
Delaware..................................................................
District of Columbia.............................................
Florida......................................................................
Georgia.....................................................................

668,315
90,384
307,008
409,797
523,309

657,229
87,801
300,197
395,310
511,428

9,814
1,986
5,407
11,962
9,579

1,194
528
1,171
2,177
1,968

78
69
233
348
334

98.3
97.1
97.8
96.5
97.7

1.5
2.2
1.7
2.9
1.8

.2
.6
.4
.5
.4

0)
.1
.1
.1
.1




COR PO R ATIO N

24,804

1 .............................................................
2 ..................................................................
3 ..................................................................
4 ..................................................................
5 ..................................................................
6 ..................................................................
7 ..................................................................
8 ..................................................................
9 ..................................................................
10................................................................
11................................................................
12................................................................

District
District
District
District
District
District
District
District
District
District
District
District

INSURANCE

Possessions............................................................

$5,000
to
$10,000

DEPOSIT

Total

FEDERAL

Number of accounts—

Kansas......................................................................

98,049
3,407,214
1,153,158
664,621
255,826

93,219
3,286,370
1,117,918
644,796
250,787

3,904
98,235
29,866
16,289
4,016

817
19,967
4,775
3,205
900

109
2,642
599
331
123

95.1
96.5
96.9
97.1
98.0

4.0
2.9
2.6
2.4
1.6

.8
.5
.4
.5
.4

0)

Kentucky.................................................................
Louisiana..................................................................
Maine.......................................................................
Maryland.................................................................
Massachusetts........................................................

306,384
501,398
396,464
714,945
1,435,819

298,272
491,989
390,543
699,244
1,412,358

6,624
7,618
4,942
12,944
20,631

1,317
1,518

171
273
113
344
202

97.4
98.1
98.5
97.9
98.4

2.1
1.5
1.3
1.8
1.4

.4
.3
.2
.3
.2

0)
C)
1
C)
1

Michigan..................................................................
Minnesota................................................................
Mississippi...............................................................
Missouri...................................................................
Montana..................................................................

2,645,052
1,040,258
150,977
1,088,845
123,063

2,564,479
1,008,710
145,600
1,065,263
119,060

66,657
27,036
4,188
20,080
3,174

12,111
4,110
1,011
3,108
741

1,805
402
178
394
88

97.0
97.0
96.4
97.8
96.7

2.5
2.6
2.8
1.9
2.6

.4
.4
.7
.3
.6

Nebraska..................................................................
Nevada.....................................................................
New Hampshire.....................................................
New Jersey..............................................................
New Mexico............................................................

232,111
51,503
128,224
3,008,897
59,993

227,722
48,263
126,003
2,933,536
58,267

3,641
2,594
1,854
65,662
1,333

682
575
333
8,769
323

66
71
34
930
70

98.1
93.7
98.3
97.5
97.1

1.6
5.1
1.4
2.2
2.2

.3
1.1
.3
.3
.6

New York................................................................
North Carolina.......................................................
North Dakota........................................................
Oklahoma................................................................

4,555,103
463,939
94,365
3,173,753
204,326

4,432,940
452,833
89,204
3,077,938
200,356

102,536
9,060
4,209
80,030
3,228

17,274
1,709
856
13,874
619

2,353
337
96
1,911
123

97.3
97.6
94.5
97.0
98.1

2.2
1.9
4.5
2.5
1.5

.4
.4
.9
.4
.3

Oregon......................................................................
Pennsylvania..........................................................
Rhode Island..........................................................
South Carolina.......................................................
South Dakota.........................................................

453,253
4,354,073
262,120
147,613
94,334

436,420
4,249,617
253,326
144,187
90,736

14,906
86,712
7,587
2,769
3,095

1,741
15,560
1,096
555
459

186
2,184
111
102
44

96.3
97.6
96.7
97.7
96.2

3.3
2.0
2.9
1.9
3.3

.4
.3
.4
.3
.5

Tennessee.................................................................
Texas.........................................................................
Utah..........................................................................
Vermont...................................................................
Virginia.....................................................................

557,103
711,789
240,000
224,727
884,657

538,158
690,896
233,373
219,067
863,676

14,998
16,924
5,627
5,052
17,059

3,344
3,239
892
538
3,387

603
730
108
70
535

96.6
97.1
97.3
97.5
97.6

2.7
2.4
2.3
2.3
1.9

.6
.4
.4
.2
.4

Washington.............................................................
W©3t Virginia..........................................................
Wisconsin.................................................................
Wyoming..................................................................

623,369
426,677
1,534,858
53,011

601,716
416,967
1,488,610
50,938

18,117
8,072
39,566
1,612

3,050
1,452
6,089
393

486
186
593
68

96.5
97.8
97.0
96.1

2.9
1.9
2.6
3.0

.5
.3
.4
.8

Idaho.........................................................................
Illinois.......................................................................
Indiana.....................................................................

866

.1
.1
(l)

.1
.1

0)

ACCOUNTS

0)

O
F

0)
<
l)

INSURED

2,413
2,628

.1

.1
(l)
.1
.1
.1
.1

.1

.1
0)

.1

0)

.1

(l)

0)
0)

.1

BANKS

.1
.1

COMMERCIAL

.1
.1
.1

.1

V
)
V
)

.1

*Less than 0.05 percent.




00

T a b le 6 5 .

D

is t r ib u t io n

of

A c c o r d in g

to

D e m a n d A c c o u n t s o f I n d iv id u a l s , P a r t n e r s h ip s , a n d C
S i z e , I n s u r e d C o m m e r c ia l B a n k s , S e p t e m b e r 3 0 , 194 9

o r p o r a t io n s ,

BANKS GROUPED BY AMOUNT OF DEPOSITS

Size group

Total

$5,000
to
$10,000

$10,000
to
$25,000

More than
$25,000

.2
.3
.5
.7
.9

(0
.1
.1
.2
.3

72,573
81,275
55,793
46,214
229,525

27,246
39,444
31,469
32,410
195,623

96.0
95.1
94.3
93.9
92.2

2.4
2.6
2.9
2.8
3.4

1.2
1.5
1.8
1.9
2.4

.4
.8
1.0
1.4
2.0

100.0%

100.0%

100.0%

0)
.3
2.3
7.2
17.6

(1)
.1
1.3
4.7
13.4

(1)
(i)
.4
1.7
6.4

13.6
13.3
8.3
6.5
30.9

12.0
13.5
9.2
7.7
38.1

7.6
11.1
8.8
9.1
54.9

356,541

25,560
278,135
1,490,846
3,922,733
8,433,339

25,268
273,868
1,457,995
3,811,925
8,144,400

230
3,199
23,913
76,471
185,385

55
921
7,629
28,233
80,772

$5,000,000 to $10,000,000...................................
$10,000,000 to $25,000,000................................
$25,000,000 to $50,000,000.................................
$50,000,000 to $100,000,000..............................
More than $100,000,000......................................

6,028,519
5,351,731
3,056,306
2,416,340
9,677,369

5,784,889
5,091,244
2,881,228
2,269,283
8,926,856

143,811
139,768
87,816
68,433
325,365

100.0%

100.0%

.1
.7
3.7
9.6
20.7

.1
.7
3.8
9.8
21.1

14.8
13.2
7.5
5^9
23.8

14.9
13.2
7.4
5.9
23.1

•9%

COR PO R ATIO N

.9
1.1
1.6
1.9
2.2

602,990

INSURANCE

98.9
98.5
97.8
97.2
96.6

1,054,391




1.5%

More than
$25,000

7
147
1,309
6,104
22,782

38,666,956

1 Less than 0.05 percent.

$10,000
to
$25,000

2.6 %

40,680,878

In banks with deposits of—
$250,000 or less......................................................
$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.....................................

$*» 000 000 to $10 000 000
tin ftftn 000 tn $25 000 000
$25 000 000 to $50 000 000
$50 000 000 to $100 000 000
More than $100 000 000

$5,000
to
$10,000

95.0%

D em and accounts— to ta l....................................

PprrAti t nf tntiil
In banks with deposits of—
ftftft nr Ipqq
$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
or less

DEPOSIT

$5,000
or less

FEDERAL

Percent of total accounts—

Number of accounts—

T a b le 6 6 .

D

o f S a v in g s a n d T im e A c c o u n t s o f I n d iv id u a l s , P a r t n e r s h ip s ,
A c c o r d in g t o S i z e , I n s u r e d C o m m e r c ia l B a n k s , S e p t e m b e r 30, 1949

is t r ib u t io n

and

C

o r p o r a t io n s ,

BANKS GROUPED BY AMOUNT OF DEPOSITS

Size group

Total
$5,000
or less

$5,000
to
$10,000

$10,000
to
$25,000

Percent of total accounts—

More than
$25,000

$5,000
or less

$5,000
to
$10,000

$10,000
to
$25,000

More than
$25,000

ACCOUNTS

Number of accounts—

O
F

44,629,919

43,276,077

1,106,997

215,217

31,628

In banks with deposits of—
$250,000 or less......................................................
$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.....................................

3,136
45,389
452,287
1,664,354
5,654,232

3,092
44,288
440,446
1,613,341
5,487,025

39
943
10,397
43,263
139,394

5
147
1,355
7,122
25,126

$5,000,000 to $10,000,000..................................
$10,000,000 to $25,000,000................................
$25,000,000 to $50,000,000................................
$50,000,000 to $100,000,000..............................
More than $100,000,000......................................

6,236,515
7,651,597
4,524,481
3,682,954
14,714,974

6,071,807
7,455,098
4,406,589
3,584,413
14,169,978

136,542
162,530
98,392
81,838
433,659

Percent of to ta l...................................................
In banks with deposits of—
$250,000 or less......................................................
$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.....................................

100.0%

100.0%

(!)
.1
1.0
3.7
12.7

0)

.1
1.0
3.7
12.7

.1
.9
3.9
12.6

.1
.6
3.3
11.7

(i)
.3
2.0
8.5

14.0
17.1
10.1
8.3
33.0

14.0
17.2
10.2
8.3
32.8

12.3
14.7
8.9
7.4
39.2

11.6
13.8
7.9
6.6
44.4

9.9
13.7
8.3
7.7
49.6




.5 %

11
89
628
2,687

98.6
97.6
97.4
97.0
97.1

1.2
2.1
2.3
2.6
2.5

.2
.3
.3
.4
.4

25,020
29,640
16,889
14,273
95,640

3,146
4,329
2,611
2,430
15,697

97.3
97.4
97.4
97.3
96.3

2.2
2.1
2.2
2.2
2.9

.4
.4
.4
.4
.7

100.0%

100.0%

100.0%

(1)

0)

.1%

C1
)
C1)
C1)
0)

.1
.1
C1)

.1
.1

BANKS

1 Less than 0.05 percent.

2.5 %

COMMERCIAL

$5,000,000 to $10,000,000..................................
$10,000,000 to $25,000,000................................
$25,000,000 to $50,000,000................................
$50,000,000 to $100,000,000..............................
More than $100,000,000......................................

96.9%

INSURED

Sayings and tim e accounts— to ta l.................

D

e t a il e d

Table 67.

T ables: D
D

is t r ib u t io n o f

is t r ib u t io n
banks

of

D

e p o s it s

grouped

by

D

e p o s it s i n

A c c o r d in g

to

I n s u r e d C o m m e r c ia l B a n k s A
Siz e

of

c c o r d in g t o

A

of

A c c o u n t , I n s u r e d C o m m e r c ia l B a n k s , Se p t e m b e r

f e d e r a l 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

d is t r ic t

and

by

CO
o

ccount

30, 1949

state

Percent of total deposits—
$5,000
to
$10,000

$10,000
to
$25,000

More than
$25,000

United States and possessions......................... $139,251,778

$44,127,049

$14,786,479

$13,328,436

$67,009,814

31.7%

10.6%

9 .6%

United States.......................................................

139,205,858

44,105,173

14,778,819

13,323,612

66,998,254

31.7

10.6

9.6

48.1

Possessions............................................................

45,920

21,876

7,660

4,824

11,560

47.6

16.7

10.5

25.2

1 ..................................................................
2 ..................................................................
3 ..................................................................
4 ..................................................................
5 ..................................................................
6 ..................................................................
7 ..................................................................
8 ..................................................................
9 ..................................................................
10................................................................
11................................................................
12................................................................

6,796,167
34,221,636
16,883,387
7,641,027
5,038,163
8,060,981
10,929,675
14,012,181
4,451,243
5,568,927
8,364,373
17,284,018

2,229,437
6,925,064
6,002,734
2,878,202
1,877,455
2,842,503
4,540,827
4,201,678
1,838,312
1,979,417
2,525,662
6,285,758

667,464
2,328,417
1,894,813
819,530
607,104
858,269
1,417,118
1,542,825
601,765
688,483
883,757
2,476,934

636,739
2,411,397
1,577,245
756,150
589,483
787,636
1,059,974
1,370,575
472,646
693,308
960,098
2,013,185

3,262,527
22,556,758
7,408,595
3,187,145
1,964,121
3,572,573
3,911,756
6,897,103
1,538,520
2,207,719
3,994,856
6,508,141

32.8
20.2
35.6
37.7
37.3
35.3
41.5
30.0
41.3
35.5
30.2
36.4

9.8
6.8
11.2
10.7
12.0
10.6
13.0
11.0
13.5
12.4
10.5
14.3

9.4
7.1
9.3
9.9
11.7
9.8
9.7
9.8
10.6
12.5
11.5
11.6

48.0
65.9
43.9
41.7
39.0
44.3
35.8
49.2
34.6
39.6
47.8
37.7

State
Alabama...................................................................
Arizona.....................................................................
Arkansas...................................................................
California.................................................................
Colorado..................................................................

1,153,849
396,577
752,406
12,959,434
1,110,832

454,627
151,489
303,925
4,579,664
381,999

135,415
55,411
95,048
1,887,383
140,843

128,785
49,203
92,757
1,536,331
136,841

435,022
140,474
260,676
4,956,056
451,149

39.4
38.2
40.4
35.3
34.4

11.7
14.0
12.6
14.6
12.7

11.2
12.4
12.3
11.9
12.3

37.7
35.4
34.7
38.2
40.6

Connecticut.............................................................
Delaware..................................................................
District of Columbia.............................................
Florida......................................................................
Georgia.....................................................................

1,310,803
445,464
1,015,614
1,611,950
1,558,798

516,435
100,414
333,474
559,812
547,439

135,759
36,575
94,245
219,298
161,588

121,955
41,104
100,280
210,133
160,799

536,654
267,371
487,615
622,707
688,972

39.4
22.6
32.8
34.7
35.1

10.4
8.2
9.3
13.6
10.4

9.3
9.2
9.9
13.1
10.3

40.9
60.0
48.0
38.6
44.2

District
District
District
District
District
District
District
District
District
District
District
District




$5,000
or less

More than
$25,000

48.1%

CO R PO R ATIO N

$10,000
to
$25,000

INSURANCE

$5,000
to
$10,000

DEPOSIT

$5,000
or less

Total

FEDERAL

Deposits (in thousands) in accounts of—
FDIC District and State

S iz e

120,557
6,275,337
1,046,862
621,766
495,325

41.1
27.5
40.7
43.7
38.8

16.1
10.3
13.2
14.8
13.4

13.9
9.3
10.8
12.6
13.2

28.9
52.9
35.3
28.9
34.6

Kentucky.................................................................
Louisiana..................................................................
Maine.......................................................................
Maryland.................................................................
Massachusetts........................................................

1,393,418
1,655,850
417,503
1,468,320
4,011,586

574,038
488,428
203,928
521,268
1,057,801

171,873
156,964
56,691
163,414
331,412

156,015
166,567
47,337
145,446
356,072

491,492
843,891
109,547
638,192
2,266,301

41.2
29.5
48.9
35.5
26.4

12.3
9.5
13.6
11.1
8.2

11.2
10.0
11.3
9.9
8.9

35.3
51.0
26.2
43.5
56.5

Michigan..................................................................
Minnesota................................................................
Mississippi...............................................................
Missouri...................................................................
Montana...................................................................

5,060,852
2,841,089
713,566
4,065,551
583,834

1,999,061
1,117,351
315,577
1,285,351
212,260

622,068
326,074
90,803
388,776
87,880

460,343
245,005
89,766
363,995
83,458

1,979,380
1,152,659
217,420
2,027,429
200,236

39.5
39.3
44.2
31.6
36.4

12.3
11.5
12.7
9.6
15.0

9.1
8.6
12.6
8.9
14.3

39.1
40.6
30.5
49.9
34.3

Nebraska..................................................................

1,216,206
162,082
208,234
4,461,017
300,540

460,131
59,902
90,760
2,116,355
109,193

166,364
27,857
27,996
637,879
38,644

163,648
22,830
26,087
432,077
39,353

426,063
51,493
63,391
1,274,706
113,350

37.8
37.0
43.6
47.4
36.3

13.7
17.2
13.4
14.3
12.9

13.5
14.1
12.5
9.7
13.1

35.0
31.7
30.5
28.6
37.7

Oklahoma................................................................

29,311,248
1,728,420
514,009
7,039,284
1,566,811

4,706,291
606,232
258,678
2,563,526
490,432

1,653,327
161,550
99,233
829,838
153,477

1,937,669
162,410
74,832
658,589
164,843

21,013,961
798,228
81,266
2,987,331
758,059

16.1
35.1
50.3
36.4
31.3

5.6
9.3
19.3
11.8
9.8

6.6
9.4
14.6
9.4
10.5

71.7
46.2
15.8
42.4
48.4

Oregon......................................................................
Pennsylvania..........................................................
Rhode Island..........................................................
South Carolina.......................................................
South Dakota.........................................................

1,262,025
9,844,103
602,617
642,733
512,311

517,573
3,439,208
213,196
247,856
250,023

188,699
1,064,975
73,447
75,995
88,578

139,494
918,656
63,611
76,502
69,351

416,259
4,421,264
252,363
242,380
104,359

41.0
35.0
35.4
38.6
48.8

15.0
10.8
12.2
11.8
17.3

11.0
9.3
10.5
11.9
13.5

33.0
44.9
41.9
37.7
20.4

Tennessee................................................................
Texas.........................................................................
Utah..........................................................................
Vermont...................................................................
Virginia.....................................................................

1,849,606
6,011,406
543,874
245,424
1,846,552

679,189
1,776,552
206,059
147,317
759,094

202,572
632,738
58,784
42,159
213,383

174,869
704,975
45,216
21,677
182,275

792,976
2,897,141
233,815
34,271
691,800

36.7
29.6
37.9
60.0
41.1

10.9
10.5
10.8
17.2
11.5

9.5
11.7
8.3
8.8
9.9

42.9
48.2
43.0
14.0
37.5

Washington.............................................................
West Virginia..........................................................
Wisconsin.................................................................
Wyoming..................................................................

1,897,168
939,388
2,901,674
245,934

731,012
410,278
1,332,837
92,284

240,077
110,943
403,171
36,876

206,958
89,237
280,152
39,651

719,121
328,930
885,514
77,123

38.5
43.7
45.9
37.5

12.7
11.8
13.9
15.0

10.9
9.5
9.7
16.1

37.9
35.0
30.5
31.4

New Hampshire.....................................................
New Jersey..............................................................
New Mexico............................................................
New York................................................................
North Carolina.......................................................
North Dakota........................................................




BANKS

58,079
1,099,543
319,479
271,032
188,325

COMMERCIAL

67,110
1,223,510
391,879
319,315
190,923

INSURED

171,676
3,259,664
1,208,929
942,014
554,571

I
N

417,422
11,858,054
2,967,149
2,154,127
1,429,144

DEPOSITS

Idaho.........................................................................
Illinois.......................................................................
Indiana.....................................................................
Iowa..........................................................................
Kansas......................................................................

T a b le 6 8 .

D

is t r ib u t io n

of

D

e p o s it s

A c c o r d in g

to

Siz e

of

A c c o u n t , I n s u r e d C o m m e r c ia l B a n k s , S e p t e m b e r 3 0 , 1 9 4 9

BAN KS GROUPED BY AMOUNT OF DEPOSITS, POPULATION OF CENTER IN W H ICH LOCATED,
PERCENT OF DEPOSITS INSURED, AND CLASS; AND ACCOUNTS GROUPED B Y TYPE

Classification
Total

$5,000
to
$10,000

$10,000
to
$25,000

More than
$25,000

$44,127,049

$14,786,479

$13,328,436

$67,009,814

$5,000
or less

$5,000
to
$10,000

31.7%

10.6%

$10,000
to
$25,000

9.6 %

More than
$25,000

48.1%

11,344
143,926
957,978
2,865,723
7,123,681

1,946
29,897
245,013
838,954
2,224,806

1,208
19,605
158,290
603,024
1,721,288

593
14,295
125,779
558,086
2,211,764

75.2
69.3
64.4
58.9
53.6

12.9
14.4
16.5
17.2
16.8

8.0
9.4
10.6
12.4
13.0

3.9
6.9
8.5
11.5
16.6

$5,000,000 to $10,000,000...................................
$10,000,000 to $25,000,000 ................................
$25,000,000 to $50,000,000 ................................
$50,000,000 to $100,000,000 ..............................
More than $100,000,000......................................

12,309,855
14,714,285
10,488,454
10,349,578
71,532,406

5,988,279
6,370,198
3,830,559
3,139,013
13,696,348

1,891,482
2,045,556
1,262,556
1,035,512
5,210,757

1,546,266
1,767,984
1,153,273
993,793
5,363,705

2,883,828
4,530,547
4,242,066
5,181,260
47,261,596

48.6
43.3
36.5
30.3
19.1

15.4
13.9
12.0
10.0
7.3

12.6
12.0
11.0
9.6
7.5

23.4
30.8
40.5
50.1
66.1

Banks in centers with population of—
Less than 250..........................................................
250 to 500................................................................
500 to 1,000............................................................
1,000 to 2,500.........................................................

610,640
1,480,315
3,257,678
6,513,865

318,022
891,336
1,894,744
3,620,400

96,845
269,769
586,960
1,114,774

63,726
181,867
419,341
852,042

132,047
137,343
356,633
926,649

52.1
60.2
58.2
55.6

15.9
18.2
18.0
17.1

10.4
12.3
12.9
13.1

21.6
9.3
10.9
14.2

2,500 to 5,000.........................................................
5,000 to 10,000.......................................................
10,000 to 15,000.....................................................
15,000 to 25,000.....................................................

6,310,412
7,407,591
4,576,009
5,560,766

3,245,376
3,661,268
2,134,822
2,403,361

1,023,399
1,166,545
679,319
777,366

818,741
958,245
563,589
668,221

1,222,896
1,621,533
1,198,279
1,711,818

51.4
49.4
46.7
43.2

16.2
15.8
14.8
14.0

13.0
12.9
12.3
12.0

19.4
21.9
26.2
30.8

25,000 to 50,000.....................................................
50,000 to 100,000...................................................
100,000 to 500,000.................................................
500,000 or more.....................................................

7,952,224
8,593,918
26,133,293
60,855,067

3,330,833
3,143,044
7,431,877
12,051,966

1,076,803
986,100
2,469,183
4,539,416

919,205
911,996
2,326,391
4,645,072

2,625,383
3,552,778
13,905,842
39,618,613

41.9
36.6
28.4
19.8

13.5
11.5
9.5
7.5

11.6
10.6
8.9
7.6

33.0
41.3
53.2
65.1




CO R PO R ATIO N

15,091
207,723
1,487,060
4,865,787
13,281,539

INSURANCE

Banks with deposits of—
$250,000 or less......................................................
$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.....................................

DEPOSIT

All insured com m ercial b an k s......................... $139,251,778

$5,000
or less

FEDERAL

Percent of total deposits—

Deposits (in thousands) in accounts of—

39,116
710,519
1,916,285
2,259,458

11,607
477,212
2,347,277
4,357,956

100.0
77.0
66.2
56.3
47.4

16.0
17.3
17.0
15.4

5.4
9.9
12.0
12.7

1.6
6.6
14.7
24.5

50 to 59 percent.....................................................
40 to 49 percent.....................................................
30 to 39 percent.....................................................
20 to 29 percent.....................................................
Less than 20 percent.............................................

25,247,703
12,178,249
16,945,206
15,397,541
27,853,422

9,677,485
3,803,387
3,837,237
2,358,202
1,734,762

3,511,276
1,314,406
1,382,951
976,094
807,501

3,024,255
1,361,296
1,553,003
1,139,108
1,325,396

9,034,687
5,699,160
10,172,015
10,924,137
23,985,763

38.3
31.2
22.6
15.3
6.2

13.9
10.8
8.2
6.3
2.9

12.0
11.2
9.2
7.4
4.8

35.8
46.8
60.0
71.0
86.1

Glass of bank
National banks members F. R. System..........
State banks members F . R . System.................
Banks not members F . R . System....................

80,485,638
39,696,101
19,070,039

23,681,916
10,636,992
9,808,141

8,164,654
3,619,409
3,002,416

7,629,022
3,437,567
2,261,847

41,010,046
22,002,133
3,997,635

29.4
26.8
51.4

10.1
9.1
15.7

9.5
8.7
11.9

51.0
55.4
21.0

Type of account
Deposits of individuals, partnerships, and
corporations
Demand...............................................................
Savings and time...............................................
Interbank deposits................................................
Government and postal savings deposits........
Uninvested trust funds........................................
Drafts.......................................................................
Other items.............................................................

77,779,920
33,576,721
11,338,705
11,740,678
2,148,268
890,747
1,776,739

20,755,699
21,999,621
45,753
255,559
321,398
180,580
568,439

7,261,805
6,898,820
82,720
195,919
143,097
78,211
125,907

9,136,930
2,934,572
323,945
428,950
233,250
137,485
133,304

40,625,486
1,743,708
10,886,287
10,860,250
1,450,523
494,471
949,089

26.7
65.5
.4
2.2
15.0
20.3
32.0

9.3
20.6
.7
1.7
6.7
8.8
7.1

11.8
8.7
2.9
3.6
10.8
15.4
7.5

52.2
5.2
96.0
92.5
67.5
55.5
53.4

BANKS




COMMERCIAL

116,423
1,245,344
2,698,380
2,734,104

INSURED

2,694
561,485
4,765,616
8,965,830
8,420,351

I
N

2,694
728,631
7,198,691
15,927,772
17,771,869

DEPOSITS

Banks with percent of deposits insured
of—
100 percent..............................................................
90 to 99 percent.....................................................
80 to 89 percent.....................................................
70 to 79 percent.....................................................
60 to 69 percent.....................................................

CO
CO

CD

D i s t r i b u t i o n o f D e m a n d D e p o s it s o f I n d i v i d u a l s , P a r t n e r s h i p s , a n d C
A c c o r d i n g t o S i z e o f A c c o u n t , I n s u r e d C o m m e r c ia l B a n k s , S e p t e m b e r 30,

T a b le 6 9 .

o r p o r a t io n s ,

1949

BANKS GROUPED BY FEDERAL DEPOSIT INSURANCE CORPORATION DISTRICT AND STATE
Percent of total deposits—

FDIC District and State
$5,000
to
$10,000

$10,000
to
$25,000

More than
$25,000

$5,000
or less

United States and possessions..........................

$77,779,920

$20,755,699

$7,261,805

$9,136,930

$40,625,486

United States.......................................................

77,761,356

20,746,794

7,259,022

9,134,187

40,621,353

$5,000
or less

$5,000
to
$10,000

$10,000
to
$25,000

More than
$25,000

26.7%

9 .3%

11. 8%

52.2%

26.7

9.3

11.8

52.2

2,783

2,743

4,133

48.0

15.0

14.8

22.2

321,351
1,151,987
784,337
444,005
362,112
532,138
520,999
762,747
339,023
534,359
656,995
851,752

483,128
1,796,391
1,034,550
542,118
418,468
564,294
643,927
924,284
334,545
562,116
776,379
1,056,730

2,213,127
14,701,727
4,759,330
1,819,730
1,077,055
1,839,006
2,413,174
4,096,996
765,721
1,161,692
2,127,279
3,650,649

22.0
14.1
25.1
35.2
38.7
38.0
29.7
24.8
39.8
39.2
34.4
32.0

8.3
5.6
8.9
10.3
12.0
11.3
10.2
9.9
14.2
14.4
12.1
10.4

12.5
8.7
11.8
12.5
13.8
11.9
12.7
12.0
14.0
15.1
14.3
12.9

57.2
71.6
54.2
42.0
35.5
38.8
47.4
53.3
32.0
31.3
39.2
44.7

State
Alabama...................................................................
Arizona.....................................................................
Arkansas...................................................................
California.................................................................
Colorado..................................................................

694,381
227,829
503,587
5,734,005
702,081

280,231
90,994
231,845
1,742,791
224,583

75,943
31,190
69,198
555,546
92,714

85,996
35,454
70,080
706,189
107,776

252,211
70,191
132,464
2,729,479
277,008

40.4
39.9
46.0
30.4
32.0

10.9
13.7
13.8
9.7
13.2

12.4
15.6
13.9
12.3
15.4

36.3
30.8
26.3
47.6
39.4

Connecticut.............................................................
Delaware..................................................................
District of Columbia.............................................
Florida......................................................................
Georgia.....................................................................

724,534
275,748
689,371
981,766
929,598

218,974
58,729
185,919
349,321
326,064

65,933
22,121
57,265
134,743
93,936

90,375
30,217
78,861
159,780
111,878

349,252
164,681
367,326
337,922
397,720

30.2
21.3
27.0
35.6
35.1

9.1
8.0
8.3
13.7
10.1

12.5
11.0
11.4
16.3
12.0

48.2
59.7
53.3
34.4
42.8

1 ..................................................................
2 ..................................................................
3 ..................................................................
4 ..................................................................
5 ..................................................................
6 ..................................................................
7 ..................................................................
8 ..................................................................
9 ..................................................................
10................................................................
11................................................................




C O R PO R ATIO N

8,905
851,531
2,886,478
2,204,497
1,524,719
1,172,587
1,799,785
1,514,280
1,910,552
952,744
1,453,118
1,870,133
2,615,275

District
District
District
District
District
District
District
District
District
District
District

INSURANCE

18,564
3,869,137
20,536,583
8,782,714
4,330,572
3,030,222
4,735,223
5,092,380
7,694,579
2,392,033
3,711,285
5,430,786
8,174,406

Possessions............................................................

DEPOSIT

Total

FEDERAL

Deposits (in thousands) in accounts of—

Idaho...................
Illinois.................
Indiana...............
Iowa.....................
Kansas................

256,997 1
6,452,726
1,598,626
1,241,853
961,902

Kentucky...........
Louisiana............
Maine..................
Maryland...........
Massachusetts. .

16.0
8.7
12.3
16.2
16.1

17.0
11.3
13.8
15.7
15.9

24.4
59.2
37.2
22.4
23.4

918,730
899,183
190,046
789,059
2,448,021

411,600
276,358
67,000
226,404
431,516

121,209
99,635
23,872
78,421
182,451

117,081
124,894
31,190
100,362
285,479

268,840
398,296
67,984
383,872
1,548,575

44.8
30.7
35.2
28.7
17.6

13.2
11.1
12.6
9.9
7.5

12.7
13.9
16.4
12.7
11.7

29.3
44.3
35.8
48.7
63.2

Michigan............
Minnesota..........
Mississippi.........
Missouri..............
Montana.............

2,208,010
1,311,475
424,477
2,357,088
373,168

517,033
453,210
216,971
752,440
144,013

184,064
140,326
57,490
241,580
65,318

252,507
152,775
60,814
268,151
68,498

1,254,406
565,164
89,202
1,094,917
95,339

23.4
34.6
51.1
31.9
38.6

8.3
10.7
13.6
10.2
17.5

11.5
11.6
14.3
11.4
18.4

56.8
43.1
21.0
46.5
25.5

Nebraska............
Nevada...............
New Hampshire.
New Jersey........
New M exico.. . .

836,469
81,414
112,934
1,915,795
182,601

343,722
30,244
39,583
630,706
81,064

136,256
11,094
14,081
220,991
28,821

134,741
14,013
18,591
282,214
31,113

221,750
26,063
40,679
781,884
41,603

41.1
37.2
35.0
32.9
44.4

16.3
13.6
12.5
11.6
15.8

16.1
17.2
16.5
14.7
17.0

26.5
32.0
36.0
40.8
22.8

New York...........
North Carolina..
North Dakota. .
Ohio.....................
Oklahoma...........

18,343,942
950,475
358,126
3,446,070
1,054,605

2,196,558
351,061
178,113
863,336
394,030

908,680
96,895
68,917
305,022
124,863

1,483,792
119,763
57,632
413,568
135,511

13,754,912
382,756
53,464
1,864,144
400,201

12.0
36.9
49.7
25.1
37.4

4.9
10.2
19.3
8.8
11.8

8.1
12.6
16.1
12.0
12.9

75.0
40.3
14.9
54.1
37.9

Oregon.................
Pennsylvania. . .
Rhode Island. ..
South Carolina..
South Dakota...

739,653
5,336,644
315,036
439,058
349,264

261,171
1,341,161
59,310
181,643
177,408

95,135
479,315
24,763
55,492
64,462

107,220
620,982
45,954
61,051
55,640

276,127
2,895,186
185,009
140,872
51,754

35.3
25.1
18.8
41.4
50.8

12.9
9.0
7.9
12.6
18.5

14.5
11.6
14.6
13.9
15.9

37.3
54.3
58.7
32.1
14.8

Tennessee...........
Texas...................
Utah....................
Vermont.............
Virginia...............

955,818
4,121,173
278,451
78,566
933,821

403,900
1,421,717
89,777
35,148
362,026

100,151
497,349
22,299
10,251
98,319

108,982
584,918
29,309
11,539
120,126

342,785
1,617,189
137,066
21,628
353,350

42.2
34.5
32.3
44.7
38.8

10.5
12.1
8.0
13.1
10.5

11.4
14.2
10.5
14.7
12.9

35.9
39.2
49.2
27.5
37.8

Washington........
West Virginia.. .
Wisconsin...........
Wyoming............

1,066,420
528,788
1,285,744
156,228

373,360
217,666
409,952
62,250

123,951
57,613
140,135
25,194

153,873
61,955
170,973
30,845

415,236
191,554
564,684
37,939

35.0
41.2
31.9
39.9

11.6
10.9
10.9
16.1

14.4
11.7
13.3
19.7

39.0
36.2
43.9
24.3




BANKS

42.6
20.8
36.7
45.7
44.6

COMMERCIAL

62,795
3,818,262
594,084
278,734
224,794

INSURED

43,551
729,094
220,447
195,190
153,243

I
N

41,139
561,676
196,800
201,071
155,332

DEPOSITS

109,512
1,343,694
587,295
566,858
428,533

CO
Cn

C
O
05

Table 70.

D i s t r i b u t i o n o f S a v in g s a n d T im e D e p o s it s o f I n d i v i d u a l s , P a r t n e r s h ip s , a n d C o r p o r a t io n s ,
A c c o r d in g t o S iz e o f A c c o u n t , I n s u r e d C o m m e r c ia l B a n k s , S e p te m b e r 30, 1949
banks

grouped

by

federal

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

d is t r ic t a n d

FDIC District and State

$5,000
to
$10,000

$10,000
to
$25,000

Percent of total deposits—
$5,000
to
$10,000

$10,000
to
$25,000

$5,000
or less

United States and possessions.........................

$33,576,721

$21,999,621

$6,898,820

$2,934,572

$1,743,708

65.5 %

20.6 %

8.7 %

5.2%

United S tates.......................................................

33,558,968

21,987,950

6,894,381

2,933,230

1,743,407

65.5

20.6

8.7

5.2

$5,000
or less

More than
$25,000

11,671

4,439

1,342

301

65.7

25.0

7.6

1.7

1,723,900
5,399,154
5,326,304
1,870,814
1,013,374
1,423,783
4,223,333
3,320,914
1,150,785
667,861
913,211
6,543,288

1,293,603
3,769,637
3,635,465
1,289,700
642,642
963,180
2,912,657
2,150,707
808,132
463,166
575,689
3,495,043

307,862
1,055,675
1,035,469
342,223
210,252
277,191
846,735
716,810
232,514
120,292
179,143
1,574,654

86,090
357,719
401,150
148,010
98,715
114,473
314,965
319,425
83,264
55,526
82,188
873,047

36,345
216,123
254,220
90,881
61,765
68,939
148,976
133,972
26,875
28,877
76,191
600,544

75.0
69.8
68.3
68.9
63.4
67.6
69.0
64.8
70.2
69.4
63.0
53.4

17.9
19.6
19.4
18.3
20.7
19.5
20.0
21.6
20.2
18.0
19.6
24.1

5.0
6.6
7.5
7.9
9.8
8.0
7.5
9.6
7.3
8.3
9.0
13.3

2.1
4.0
4.8
4.9
6.1
4.9
3.5
4.0
2.3
4.3
8.4
9.2

State
Alabama...................................................................
Arizona.....................................................................
Arkansas..................................................................
California.................................................................
Colorado..................................................................

255,965
95,726
96,565
5,317,289
219,628

161,219
56,288
60,714
2,703,725
146,241

52,426
22,511
19,688
1,297,409
42,441

27,897
10,870
10,005
776,150
19,617

14,423
6,057
6,158
540,005
11,329

63.0
58.8
62.9
50.8
66.6

20.5
23.5
20.4
24.4
19.3

10.9
11.4
10.3
14.6
8.9

5.6
6.3
6.4
10.2
5.2

Connecticut.............................................................
Delaware..................................................................
District of Columbia.............................................
Florida......................................................................
Georgia.....................................................................

357,395
60,286
206,344
319,766
306,200

277,198
37,582
141,359
191,560
206,334

59,727
12,666
33,867
73,975
58,009

15,840
7,348
16,431
30,002
26,657

4,630
2,690
14,687
24,229
15,200

77.6
62.3
68.5
59.9
67.4

16.7
21.0
16.4
23.1
18.9

4.4
12.2
8.0
9.4
8.7

1.3
4.5
7.1
7.6
5.0




CO R PO R ATIO N

17,753

1 ..................................................................
2 ..................................................................
3 ..................................................................
4 ..................................................................
5 ..................................................................
6 .................................................................
7 ..................................................................
8 ..................................................................
9 ..................................................................
10...............................................................
11...............................................................
12...............................................................

District
District
District
District
District
District
District
District
District
District
District
District

INSURANCE

Possessions............................................................

More than
$25,000

DEPOSIT

Total

FEDERAL

Deposits (in thousands) in accounts of—

state

4,774
121,335
29,904
12,637
5,900

58.8
64.1
68.3
68.5
71.2

24.8
21.8
20.9
20.3
16.7

11.5
9.8
7.4
8.7
8.3

4.9
4.3
3.4
2.5
3.8

Kentucky.................................................................
Louisiana..................................................................
Maine.......................................................................
Maryland.................................................................
Massachusetts........................................................

212,886
279,076
178,855
415,368
758,055

146,670
194,975
131,747
284,976
580,289

41,231
47,282
30,657
80,093
128,363

18,017
21,022
11,966
33,173
31,886

6,968
15,797
4,485
17,126
17,517

68.9
69.9
73.7
68.6
76.6

19.3
16.9
17.1
19.3
16.9

8.5
7.5
6.7
8.0
4.2

3.3
5.7
2.5
4.1
2.3

Michigan..................................................................
Minnesota................................................................
Mississippi...............................................................
Missouri...................................................................
Montana..................................................................

2,110,144
856,297
131,443
682,389
96,834

1,430,102
617,463
83,529
495,285
62,658

417,741
167,000
25,842
123,062
20,143

168,389
54,963
14,159
41,267
10,572

93,912
16,871
7,913
22,775
3,461

67.8
72.1
63.5
72.6
64.7

19.8
19.5
19.7
18.0
20.8

8.0
6.4
10.8
6.1
10.9

4.4
2.0
6.0
3.3
3.6

Nebraska..................................................................
Nevada.....................................................................
New Hampshire........ ............................................
New Jersey..............................................................
New Mexico............................................................

136,233
55,174
66,197
2,010,466
40,905

101,605
28,085
48,010
1,449,238
24,718

22,556
15,964
12,363
400,414
8,165

9,341
7,726
4,408
118,035
4,486

2,731
3,399
1,416
42,779
3,536

74.6
50.9
72.5
72.1
60.4

16.5
28.9
18.7
19.9
20.0

6.9
14.0
6.7
5.9
11.0

2.0
6.2
2.1
2.1
8.6

New York................................................................
North Carolina.......................................................
North Dakota........................................................
Oklahoma................................................................

3,326,611
333,991
111,441
2,419,611
115,217

2,281,510
238,567
69,793
1,641,099
80,839

642,288
55,211
26,467
495,124
19,786

232,196
23,562
11,682
189,803
8,571

170,617
16,651
3,499
93,585
6,021

68.6
71.4
62.6
67.8
70.2

19.3
16.5
23.8
20.5
17.2

7.0
7.1
10.5
7.8
7.4

5.1
5.0
3.1
3.9
5.2

Oregon......................................................................
Pennsylvania..........................................................
Rhode Island..........................................................
South Carolina.......................................................
South Dakota.........................................................

362,958
2,906,693
215,231
88,588
86,213

243,213
1,994,366
149,051
59,198
58,218

88,533
540,345
46,817
16,696
18,904

22,884
211,347
14,612
7,917
6,047

8,328
160,635
4,751
4,777
3,044

67.0
68.6
69.2
66.8
67.5

24.4
18.6
21.8
18.9
21.9

6.3
7.3
6.8
8.9
7.0

2.3
5.5
2.2
5.4
3.6

Tennessee................................................................
Texas.........................................................................
Utah..........................................................................
Virginia.....................................................................

431,943
497,504
179,820
148,167
562,402

260,511
299,708
111,590
107,308
381,036

93,210
101,185
34,603
29,935
106,659

45,184
45,810
12,241
7,378
46,822

33,038
50,801
21,386
3,546
27,885

60.3
60.3
62.1
72.4
67.8

21.6
20.3
19.2
20.2
19.0

10.5
9.2
6.8
5.0
8.3

7.6
10.2
11.9
2.4
4.9

Washington.............................................................
West Virginia..........................................................
Wisconsin................................................................
Wyoming..................................................................

515,278
264,121
1,240,959
45,237

341,106
184,564
887,316
26,635

110,059
49,697
246,650
10,239

41,725
20,105
81,833
5,467

22,388
9,755
25,160
2,896

66.2
69.9
71.5
58.9

21.4
18.8
19.9
22.6

8.1
7.6
6.6
12.1

4.3
3.7
2.0
6.4




BANKS

11,119
275,494
64,743
43,931
12,530

COMMERCIAL

23,954
614,034
182,344
102,776
25,270

INSURED

56,960
1,804,371
595,239
346,336
107,846

I
N

96,807
2,815,234
872,230
505,680
151,546

DEPOSITS

Idaho.........................................................................
Illinois.......................................................................
Indiana.....................................................................
Iowa..........................................................................
Kansas......................................................................

CO

Table 71.

D i s t r i b u t i o n o f D e m a n d D e p o s it s o f I n d i v i d u a l s , P a r t n e r s h ip s , a n d C o r p o r a t io n s ,
A c c o r d in g t o S iz e o f A c c o u n t , In s u r e d C o m m e r c ia l B a n k s , S e p t e m b e r 30, 1949
BANKS GROUPED BY AMOUNT OF DEPOSITS

Size group
Total

$5,000

or less

$5,000

$10,000

to

to

$10,000

$25,000

More than

$5,000

$25,000

or less

$9,136,930

$40,625,486

$500,000 to $ 1 ,0 0 0 ,0 0 0 .............................................
$1,000,000 to $ 2 ,0 0 0 ,0 0 0 ........................................
$2,000,000 to $ 5 ,0 0 0 ,0 0 0 .........................................

11,409
150,848
991,411
3,022,068
7,642,658

8,906
110,993
663,680
1,824,984
4,042,428

1,529
21,330
160,178
516,106
1,261,531

732
12,852
110,054
407,976
1,185,933

242
5,673
57,499
273,002
1,152,766

78.1
73.6
66.9
60.4
52.9

$5,000,000 to $10,000 ,000 .*....................................
$10,000,000 to $ 2 5 ,0 0 0 ,0 0 0 ....................................
$25,000,000 to $ 5 0 ,0 0 0 ,0 0 0 ....................................
$50,000,000 to $ 1 0 0 ,0 0 0 ,0 0 0 .................................
More than $ 1 0 0 ,00 0,00 0..........................................

6,579,950
7,585,957
5,424,049
5,417,777
40,953,793

2,915,328
2,699,501
1,576,776
1,305,297
5,607,806

977,272
969,126
602,400
481,396
2,270,937

1,080,881
1,231,223
825,668
702,420
3,579,191

1,606,469
2,686,107
2,419,205
2,928,664
29,495,859

44.3
35.6
29.1
24.1
13.7

100 .0 %

1 00.0%

100.0%

100 .0 %

1 0 0 .0 %

(1)
.2
1.3
3.9
9.8

p)
.5
3.2
8.8
19.5

0)
.3
2.2
7.1
17.4

0)
.1
1.2
4.5
13.0

(1)
C)
1
.1
.7
2.8

8. 5
9.7
7.0
7.0
52.6

14.1
13.0
7.6
6.3
27.0

13.5
13.3
8.3
6.6
31.3

11.8
13.5
9.0
7.7
39.2

4.0
6.6
6.0
7.2
72.6

In banks with deposits of—

rrlo d
\ a

< * CA AAA
20
qjocA aaa
non
J caa aaa fn i i nnn non
aaa aaa fn <9 Ann nnn
fcO AAA A
AA fA
O O ftftft
H

aaa aaa fn ^iA non non

fc1A AA AAA fA
A
A AAA fr*
AA
ra AAA AAA fA
fV o »
vK

O O tt
rtO O
nOtt r tr
tr t
00 nttf) ttttO
nn nnn nnn

i Less than 0.05 percent.




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

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

...
..

2 6 .7 %

More than
$25,000

1 1 .8 %

5 2 .2 %

13.4
14.1
16.2
17.1
16.5

6.4
8.5
11.1
13.5
15.5

2.1
3.8
5.8
9.0
15.1

14.9
12.8
11.1
8.9
5.6

16.4
16.2
15.2
13.0
8.7

24.4
35.4
44.6
54.0
72.0

9 .3 %

CO R P O R A TIO N

$7,261,805

to
$25,000

INSURANCE

$20,755,699

In banks with deposits of—

$10,000

to

DEPOSIT

$77,779,920

Demand deposits— to ta l......................................

$5,000
$10,000

FEDERAL

Percent of total deposits—

Deposits (in thousands) in accounts of—

Table 72.

D i s t r i b u t i o n o f S a v in g s a n d T im e D e p o s it s o f I n d i v i d u a l s , P a r t n e r s h ip s , a n d C o r p o r a t io n s ,
A c c o r d in g t o S iz e o f A c c o u n t , I n s u r e d C o m m e r c ia l B a n k s , S e p t e m b e r 30, 1949
banks

grouped

by

am ount

of

d e p o s it s

Deposits (in thousands) in accounts of—
$5,000
to
$10,000

$10,000
to
$25,000

Percent of total deposits—

$5,000
or less

Savings and tim e accounts— t o t a l.................

$33,576,721

$21,999,621

$6,898,820

$2,934,572

$1,743,708

In banks with deposits of—
$250,000 or less......................................................
$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.....................................

1,844
34,651
343,194
1,333,669
4,203,760

1,551
26,588
257,698
945,081
2,890,671

231
5,721
64,229
268,944
866,441

62
1,912
17,928
95,356
337,205

$5,000,000 to $10,000,000..................................
$10,000,000 to $25,000,000................................
$25,000,000 to $50,000,000................................
$50,000,000 to $100,000,000..............................
More than $100,000,000......................................

4,269,734
5,136,201
3,138,474
2,584,012
12,531,182

2,934,033
3,510,641
2,136,925
1,738,839
7,557,594

849,870
1,007,105
608,958
507,645
2,719,676

Percent of to ta l...................................................
In banks with deposits of—
$250,000 or less......................................................
$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.....................................

100.0%

100.0%

0)
.1
1.0
4.0
12.5

$5,000,000 to $10,000,000..................................
$10,000,000 to $25,000,000................................
$25,000,000 to $50,000,000................................
$50,000,000 to $100,000,000..............................
More than $100,000,000......................................

12.7
15.3
9.4
7.7
37.3

More than
$25,000

$5,000
or less

$5,000
to
$10,000

$10,000
to
$25,000

More than
$25,000

20.6%

8.7%

5.2%

430
3,339
24,288
109,443

84.1
76.7
75.1
70.9
68.8

12 5
16.5
18.7
20.2
20.6

3.4
5.5
5.2
7.1
8.0

1.3
1.0
1.8
2.6

341,971
407,011
230,356
196,821
1,305,950

143,860
211,444
162,235
140,707
947,962

68.7
68.4
68.1
67.3
60.3

19.9
19.6
19.4
19.6
21.7

8.0
7.9
7.3
7.6
10.4

3.4
4.1
5.2
5.5
7.6

100.0%

100.0%

100.0%

(x
)
.1
1.2
4.3
13.1

0)
.1
.9
3.9
12.6

0)
.1
.6
3.2
11.5

(1)
.2
1.4
6.3

BANKS

13.3
16.0
9.7
7.9
34.4

12.3
14.6
8.8
7.4
39.4

11.7
13.9
7.8
6.7
44.5

8.2
12.1
9.3
8.1
54.4

INSURED

65.5%

COMMERCIAL

I
N

Total

DEPOSITS

Size group

1 Less than 0.05 percent.




CO

O

o
o
D

e t a il e d

T ables: D

Table 73.

is t r ib u t io n

D is tr ib u tio n

of

A

ccounts a n d

D

e p o s it s b y

S iz e

o f A c c o u n t s A c c o r d i n g t o S iz e , I n s u r e d

of

A ccount, Insured M

utual

M u t u a l S a v in g s B a n k s , S e p t e m b e r

Sa v i n g s

B anks

30, 1949

B AN K S GROUPED BY FEDERAL DEPOSIT INSURANCE CORPORATION DISTRICT, STATE,

FEDERAL

AM OUNT OF DEPOSITS, AND POPULATION OF CENTER; AND ACCOUNTS GROUPED B Y TYPE

Number of accounts

Total

$5,000
or less

$5,000
to
$10,000

Percent of total accounts
$10,000
to
$25,000

More
than
$25,000

$5,000
or less

12,550,514

11,768,044

746,719

34,679

1,072

16
153
10
2
6
1
3

192,778
10,094,800
1,533,812
201,313
55,761
187,885
284,165

186,086
9,412,592
1,466,594
198,868
54,071
179,098
270,735

5,789
662,337
53,325
2,200
1,506
8,353
13,209

866
19,656
13,113
229
162
434
219

37
215
780
16
22

State
Connecticut.................................
Indiana.........................................
Maine............................................
Maryland.....................................

3
3
6
2

42,970
28,653
39,446
201,313

40,885
27,442
38,232
198,868

1,679
1,077
1,022
2,200

Minnesota....................................
New Jersey..................................
New York....................................
Ohio...............................................

1
23
130
3

187,885
759,544
9,335,256
249,498

179,098
734,168
8,678,424
236,854

Oregon..........................................
Pennsylvania..............................
Vermont.......................................
Washington.................................
Wisconsin.....................................

1
7
7
2
3

8,375
1,284,314
110,362
275,790
27,108

7,409
1,229,740
106,969
263,326
26,629




More
than
$25,000

93.8%

5 .9%

.3 %

(x
)%

3.0
6.6
3.5
1.1
2.7
4 5
4.6

.5
.2
.8
.1
.3
.2
!i

(i)
0)
.1
(0
0)

2

96.5
93.2
95.6
98.8
97.0
95.3
95.3

0)

400
113
179
229

6
21
13
16

95.2
95.8
96.9
98.8

3.9
3.7
2.6
1.1

.9
.4
.5
.1

(!)
.1
C)
1
i1
)

8,353
21,520
640,817
10,370

434
3,690
15,966
2,024

166
49
250

95.3
96.7
93.0
94.9

4.5
2.8
6.8
4.2

.2
.5
.2
.8

i1
)
(1
)
.1

966
42,955
3,088
12,243
429

11,089
287
219
49

530
18
2
1

88.5
95.8
96.9
95.5
98.2

11.5
3.3
2.8
4.4
1.6

.9
.3
.1
.2

0)
0)
0)
0)

COR PO R ATIO N

191

FDIC District
District 1......................................
District 2 ......................................
District 3 ......................................
District 4 ......................................
District 7 ......................................
District 9 ......................................
District 12....................................

$10,000
to
$25,000

INSURANCE

United S tates................................

$5,000
to
$10,000

DEPOSIT

Classification

Number
of banks

$10,000,000 to $25,000,000.
$25,000,000 to $50,000,000.
$50,000,000 to $100,000,000
More than $100,000,000___

932,131
1,043,238
2,191,490
8,039,530

881,862
990,880
2,082,393
7,484,216

46,628
49,596
102,862
533,206

94.6
95.0
95.0
93.1

5.0
4.7
4.7
6.6

V)
C)
1
0)
(0

20,101
48,544

18,205
44,689

1,777
3,649

90.6
92.1

8.8
7.5

(!)
(l)

39,208
116,285
75,510
289,205

36,338
109,147
70,724
274,849

2,758
6,757
4,507
13,143

92.7
93.9
93.7
95.0

7.0
5.8
6.0
4.6

C)
1
0)
0)
0)

555,165
322,650
1,790,897
9,292,949

529,090
306,181
1,705,756
8,673,065

23,978
15,568
80,009
594,573

95.3
94.9
95.2
93.3

4.3
4.8
4.5
6.4

0)
C)
1
0)
(!)

18,445
12,341,009
285

18,183
11,559,705
257

175
745,891
17

98.6
93.7
90.2

.9
6.0
6.0

.4
.3
3.1

.1
C)
1
.7

1,069
556
90,028
99,122

519
89,453
98,963

38
18
505
75

90.2
93.3
99.4
99.8

3.6
3.2
.5
.1

3.9
3.1
.1
.1

2.3
.4
0)

SAYINGS
BANKS

101




0)
0)
0)

MUTUAL

1 Less than 0.05 percent.

4.0
1.8
4.2
4.2

INSURED

Type of account
Deposits of individuals, part­
nerships, and corporations:
Demand....................................
Savings and time...................
Interbank deposits.....................
Government and postal savings
deposits................................
Uninvested trust funds........
Drafts.......................................
Other items.............................

95.4
97.9
95.4
95.5

I
N

25.000 to 5 0 ,0 0 0 ....
50.000 to 100,000..
100.000 to 500,000.
500.000 or more___

21
128
3,650
10,628

DEPOSITS

2,500 to 5 ,0 0 0 ....
5.000 to 10,000..
10.000 to 15,000.
15.000 to 25,000.

495
6,880
82,355
238,963

AND

Banks in centers with
population of—
500 to 1,000................................
1,000 to 2,500.............................

519
7,029
86,314
250,263

ACCOUNTS

Banks with deposits of—
$1,000,000 or less...................
$1,000,000 to $2,000,000. . .
$2,000,000 to $5,000,000 . ..
$5,000,000 to $10,000,000 . .

T a b le 7 4 .

D i s t r i b u t i o n o f D e p o s it s A c c o r d in g t o S iz e o f A c c o u n t , I n s u r e d M u t u a l S a v in g s B a n k s , S e p t e m b e r 3 0 , 194 9
FEDERAL

BANKS GROUPED BY FEDERAL DEPOSIT INSURANCE CORPORATION DISTRICT, STATE,
AMOUNT OF DEPOSITS, AND POPULATION OF CENTER; AND ACCOUNTS GROUPED BY TYPE
Percent of total deposits—

Deposits (in thousands) in accounts of—

Total

$5,000
or less

$5,000
to
$10,000

$10,000
to
$25,000

$5,000
or less

$5,000
to
$10,000

$10,000
to
$25,000

More than
$25,000

35.2%

11,382
237,000
180,260
3,035
2,161
4,463
2,294

1,538
8,036
30,828
911
1,213

23.4
36.4
26.4
17.2
21.3
31.6
41.8

7.5
2.1
14.0
3.8
5.1
2.9
1.1

1.0
.1
2.4
1.2
2.9

58

68.1
61.4
57.2
77.8
70.7
65.5
57.1

10,800
6,360
6,415
13,713

5,192
1,545
2,379
3,035

208
1,183
581
911

58.8
70.0
65.9
77.8

27.5
21.0
23.3
17.2

13.2
5.1
8.7
3.8

.5
3.9
2.1
1.2

101,935
363,260
6,694,986
131,572

49,153
132,682
4,057,937
64,885

4,463
45,694
191,306
27,880

4,920
3,116
10,100

65.5
66.5
61.2
56.1

31.6
24.3
37.1
27.7

2.9
8.3
1.7
11.9

a

9,854
606,517
62,039
106,268
8,735

5,048
274,947
18,241
80,037
2,662

152,380
3,811
2,294
616

20,728
749
58
30

66.1
57.5
73.1
56.4
72.5

33.9
26.1
21.5
42.4
22.1

14.4
4.5
1.2
5.1

$8,209,501

$4,722,880

$ 440,595

151,603
11,493,901
1,289,009
79.660
42,277
155.551
203,559

103,227
7,058,246
738,089
62,001
29,881
101,935
116,122

35,456
4,190,619
339,832
13,713
9,022
49,153
85,085

State
Connecticut.............................................................
Indiana.....................................................................
Maine.......................................................................
Maryland.................................................................

39,281
30,234
27,482
79.660

23,081
21,146
18,107
62,001

M innesota..............................................................
New Jersey..............................................................
New York................................................................
Ohio...........................................................................

155.551
546,556
10,947,345
234,437

Oregon
, .
Pennsylvania...........................................................
Vermont...................................................................
Washington........................... ..................................
Wisconsin.................................................................

14,902
1,054,572
84,840
188,657
12,043

$

.3%

0)

.9

2.0
.9
.3

C O R PO R AT IO N

61.2%

$13,415,560

FDIC District
District 1 ..................................................................
District 2 ..................................................................
District 3 ..................................................................
District 4 ..................................................................
District 7 ..................................................................
District 9 ............ .....................................................
District 12................................................................

INSURANCE

3.3%

42,584

United States— to ta l.............................................




More than
$25,000

DEPOSIT

Classification

67.5
77.6
62.7
63.3

26.0
16.2
31.5
32.4

6.5
5.7
5.2
4.0

.5
.6
.3

$10,000,000 to $25,000,000............................
$25,000,000 to $50,000,000............................
$50,000,000 to $100,000,000..........................
More than $100,000,000..................................

875,756
952,552
1,978,444
9,318,945

532,513
596,556
1,233,985
5,662,738

297,375
319,015
653,828
3,360,071

41,870
33,921
77,922
274,381

3,998
3,060
12,709
21,755

60.8
62.6
62.4
60.8

34.0
33.5
33.1
36.1

4.8
3.6
3.9
2.9

.4
.3
.6
.2

28,937
56,906

15,872
30,164

11,517
24,217

1,523
2,494

25
31

54.8
53.0

39.8
42.5

5.3
4.4

.1
.1

2,500 to 5,000.....................................................
5.000 to 10,000...................................................
10.000 to 15,000................................................
15.000 to 25,000.................................................

46,285
120,353
76,686
251,675

26,754
72,230
43,212
149,380

17,998
43,012
29,874
85,742

1,376
4,665
3,369
15,418

157
446
231
1,135

57.8
60.0
56.3
59.4

38.9
35.7
39.0
34.1

3.0
3.9
4.4
6.1

.3
.4
.3
.4

25.000 to 50,000.................................................
50.000 to 100,000..............................................
100.000 to 500,000............................................
500.000 or more.................................................

463,725
303,071
1,500,338
10,567,584

280,610
190,075
923,278
6,477,926

154,411
99,876
516,493
3,739,740

26,103
11,332
57,886
316,429

2,601
1,788
2,681
33,489

60.5
62.7
61.5
61.3

33.3
33.0
34.4
35.4

5.6
3.7
3.9
3.0

.6
.6
.2
.3

Type of account
Deposits of individuals, partnerships, and
corporations:
Demand.....................................................
Savings and time....................................
Interbank deposits......................................
Government and postal savings deposit
Uninvested trust funds..............................
Drafts.............................................................
Other items...................................................

9,818
13,364,210
692
2,736
863
27,496
9,745

6,925
8,172,391
373
358
428
22,432
6,594

1,177
4,717,323
102
248
116
3,375
539

960
436,710
165
655
250
849
1,006

756
37,786
52
1,475
69
840
1,606

70.5
61.1
53.9
13.1
49.6
81.6
67.7

12.0
35.3
14.7
9.1
13.4
12.3
5.5

9.8
3.3
23.9
23.9
29.0
3.1
10.3

7.7
.3
7.5
53.9
8.0
3.0
16.5

Banks in centers with population of500 to 1,000........................................................
1.000 to 2,500.....................................................

BANKS

103




SAVINGS

1 Less than 0.05 percent.

MUTUAL

26
468
568

INSURED

32
272
3,814
8,383

I
N

128
777
23,282
68,404

DEPOSITS

333
3,721
46,323
133,332

AND

493
4,796
73,887
210,687

ACCOUNTS

Banks with deposits of—
$1,000,000 or less...............................................
$1,000,000 to $2,000,000................................
$2,000,000 to $5,000,000.................................
$5,000,000 to $10,000,000..............................

D

e t a il e d

T ables: A

Table 75.

ccounts

F u l l y P rotected

A c c o u n ts F u lly

and

D

e p o s it s

Insured

w it h

S p e c i f ie d A

m oun ts of

M

a x im u m

C overage

o

P r o t e c t e d a n d D e p o s i t s I n s u r e d w i t h S p e c if ie d A m o u n t s o f M a x im u m C o v e r a g e ,
I n s u r e d C o m m e r c ia l B a n k s , S e p t e m b e r

30, 1949

BANKS GROUPED BY FEDERAL DEPOSIT INSURANCE CORPORATION DISTRICT AND STATE
Percentages in
accounts of—

Deposits (in thousands) insured
with maximum coverage of—

FDIC District and State
$5,000
or less

$25,000
or less

$5,000
or less

$10,000
or less

$25,000
or less

$5,000

$10,000

$25,000

$5,000

$10,000

$25,000

90,939,566

96.0%

98.5%

99.4%

$62,411,269

$72,998,118

$85,064,189

44.8%

52.4%

61.1%

90,000,029

90,895,263

96.0

98.5

99.4

62,381,168

72,963,912

85,026,554

44.8

52.4

61.1

Possessions..............................

42,789

43,967

44,303

96.3

98.9

99.7

30,101

34,206

37,635

65.6

74.5

82.0

FDIC District
District 1 ....................................
District 2 ....................................
District 3 ....................................
District 4 ....................................
District 5 ...................................
District 6 ...................................
District 7 ...................................
District 8 ...................................
District 9 ....................................
District 10.................................
District 11.................................
District 12.................................

4,996,354
12,874,427
12,148,816
6,797,337
4,309,284
5,973,744
8,351,717
7,477,009
2,946,704
3,794,903
5,384,363
12,740,953

5,097,509
13,226,890
12,439,658
6,921,396
4,403,728
6,103,930
8,570,269
7,710,300
3,037,731
3,896,934
5,516,227
13,119,424

5,139,515
13,384,321
12,547,128
6,972,153
4,443,590
6,157,292
8,642,034
7,802,337
3,069,783
3,943,356
5,579,870
13,258,187

96.7
95.3
96.4
97.1
96.5
96.5
96.3
95.2
95.5
95.7
95.8
95.7

98.6
97.9
98.7
98.9
98.6
98.6
98.8
98.2
98.5
98.3
98.2
98.5

99.4
99.1
99.5
99.6
99.5
99.5
99.6
99.3
99.5
99.4
99.3
99.6

3,089,227
10,088,719
8,291,049
3,898,627
2,659,055
3,924,248
6,164,532
6,084,108
2,526,677
2,835,357
3,691,347
9,158,323

3,604,931
12,056,161
9,565,757
4,497,992
3,103,319
4,562,402
7,019,835
7,176,453
2,906,537
3,359,470
4,422,149
10,723,112

4,253,565
14,735,803
10,958,567
5,185,607
3,624,392
5,308,433
7,878,519
8,394,028
3,277,573
3,929,583
5,310,267
12,207,852

45.5
29.5
49.1
51.0
52.8
48.7
56.4
43.4
56.8
50.9
44.1
53.0

53.0
35.2
56.7
58.9
61.6
56.6
64.2
51.2
65.3
60.3
52.9
62.0

62.6
43.1
64.9
67.9
71.9
65.9
72.1
59.9
73.6
70.6
63.5
70.6

State
Alabama.....................................
Arizona.......................................
Arkansas....................................
California...................................
Colorado....................................

1,132,394
301,623
637,667
9,735,659
701,610

1,153,581
309,985
652,187
10,023,298
722,807

1,162,235
313,304
658,555
10,130,063
732,037

97.0
95.8
96.3
95.7
95.3

98.9
98.5
98.5
98.5
98.1

99.6
99.5
99.5
99.6
99.4

627,657
217,009
425,120
6,761,864
556.604

724,232
254,320
496,163
7,955,057
660,082

837,952
291,678
575,505
9,054,278
772,033

54.4
54.7
56.5
52.2
50.1

62.8
64.1
65.9
61.4
59.4

72.6
73.5
76.5
69.9
69.5

Connecticut...............................
Delaware....................................
District of Columbia...............
Florida........................................
Georgia.......................................

1,051,556
214,115
661,017
1,101,235
1,373,785

1,080,597
222,269
681,697
1,150,086
1,409,744

96.8
95.6
96.4
95.2
97.0

98.8
98.1
98.5
98.1
98.7

99.5
99.3
99.4
99.4
99.5

687,455
149,199
455,999
840,372
762,784

786,474
180,479
532,299
995,540
888,057

903,224
218,168
623,624
1,170,768
1,047,576

52.4
33.5
44.9
52.1
48.9

60.0
40.5
52.4
61.8
57.0

68.9
49.0
61.4
72.6
67.2




1,072,332|
219,523|
675,064*
1,135,704
1,398,951

CO R PO R ATIO N

90,043,996

87,752,822

INSURANCE

87,795,611

United States

DEPOSIT

United
States
and
pos­
sessions .................................

$10,000
or less

Percentage of
deposits insured
with maximum coverage of—

FEDERAL

Number of accounts with
balances of—

98.1
98.1
98.6
98.5
98.3

99.5
99.3
99.6
99.6
99.5

249,461
4,776,219
1,670,514
1,307,889
788,636

292,996
5,659,054
1,919,078
1,517,399
931,704

333,415
6,679,942
2,179,412
1,714,086
1,081,469

59.8
40.3
56.3
60.7
55.2

70.2
47.7
64.7
70.4
65.2

79.9
56.3
73.5
79.6
75.7

Kentucky...................................
Louisiana....................................
Maine.........................................
Maryland...................................
Massachusetts..........................

1,205,628
1,223,623
534,813
1,275,999
2,336,029

1,231,311
1,246,984
543,508
1,300,508
2,385,610

1,241,803
1,257,905
546,680
1,310,566
2,409,062

96.7
96.7
97.6
96.9
96.2

98.7
98.6
99.2
98.8
98.3

99.6
99.4
99.7
99.6
99.2

781,163
696,313
270,563
721,988
1,514,736

903,331
827,552
306,939
841,032
1,807,273

1,033,176
994,334
344,456
969,553
2,204,135

56.1
42.1
64.8
49.2
37.8

64.8
50.0
73.5
57.3
45.1

74.1
60.0
82.5
66.0
54.9

Michigan....................................
Minnesota..................................
Mississippi.................................
Missouri.....................................
Montana.....................................

3,803,733
1,898,576
701,870
2,635,019
334,485

3,899,755
1,948,755
715,492
2,693,767
347,258

3,930,791
1,965,358
721,525
2,718,022
352,825

96.4
96.1
96.9
96.4
94.2

98.8
98.7
98.8
98.5
97.8

99.6
99.5
99.6
99.4
99.4

2,712,291
1,498,346
428,242
1,783,686
314,850

3,087,369
1,703,625
495,490
2,083,317
377,590

3,471,172
1,923,855
568,096
2,454,722
438,048

53.6
52.7
60.0
43.9
53.9

61.0
60.0
69.4
51.2
64.7

68.6
67.7
79.6
60.4
75.0

Nebraska....................................
Nevada.......................................
New Hampshire.......................
New Jersey................................
New Mexico..............................

775,359
101,261
221,933
4,249,790
225,783

799,912
105,590
226,021
4,349,760
231,626

810,870
107,157
227,778
4,379,106
234,395

95.0
94.0
97.1
96.7
95.8

98.0
98.0
98.9
99.0
98.3

99.4
99.4
99.6
99.7
99.5

662,606
92,467
124,315
2,831,115
158,338

785,915
109,599
144,986
3,184,054
187,697

914,743
126,014
166,493
3,527,211
217,615

54.5
57.0
59.7
63.5
52.7

64.6
67.6
69.6
71.4
62.5

75.2
77.7
80.0
79.1
72.4

New York..................................
North Carolina.........................
North Dakota...........................
Ohio.............................................
Oklahoma..................................

8,402,289
1,331,515
332,623
4,963,299
1,118,502

8,649,276
1,355,982
347,377
5,091,642
1,141,120

8,774,579
1,366,789
352,539
5,136,062
1,151,979

94.6
96.9
94.0
96.2
96.6

97.4
98.7
98.1
98.7
98.5

98.8
99.5
99.6
99.5
99.5

7,105,661
819,382
365,278
3,550,001
688,922

8,688,488
949.412
423,571
4,082,884
814,709

10,986,887
1,114,092
467,843
4,665,253
964,277

24.2
47.4
71.1
50.4
44.0

29.6
54.9
82.4
58.0
52.0

37.5
64.5
91.0
66.3
61.5

Oregon........................................
Pennsylvania.............................
Rhode Island............................
South Carolina.........................
South Dakota...........................

891,151
7,185,517
521,684
573,588
381,020

920,572
7,348,016
532,893
585,039
394,341

929,980
7,411,066
536,771
590,070
399,061

95.4
96.5
96.8
96.8
95.1

98.5
98.7
98.8
98.7
98.4

99.5
99.5
99.6
99.5
99.6

733,828
4,741,048
300,641
344,126
348,203

844,572
5,482,873
349,443
401,881
401,751

956,316
6,293,314
410,304
469,653
447,827

58.1
48.2
49.9
53.5
68.0

66.9
55.7
58.0
62.5
78.4

75.8
63.9
68.1
73.1
87.4

Tennessee...................................
Texas...........................................
Utah............................................
Virginia.......................................

1,495,430
3,633,334
408,016
330,339
1,954,663

1,526,665
3,727,632
417,117
337,145
1,987,075

1,538,912
3,774,266
420,161
338,627
1,999,310

96.7
95.6
96.7
97.4
97.4

98.7
98.0
98.9
99.4
99.1

99.5
99.3
99.6
99.8
99.7

934,279
2,619,687
275,479
191,517
1,014,869

1,079,591
3,152,580
312,673
209,816
1,159,907

1,245,030
3,806,640
353,534
224,953
1,317,452

50.5
43.6
50.7
78.0
55.0

58.4
52.4
57.5
85.5
62.8

67.3
63.3
65.0
91.7
71.3

Washington...............................
West Virginia............................
Wisconsin...................................
Wyoming....................................

1,292,992
1,000,555
2,285,180
158,446

1,329,757
1,017,728
2,347,220
163,917

1,343,477
1,023,721
2,366,487
166,577

95.8
97.4
96.2
94.5

98.5
99.1
98.8
97.7

99.5
99.7
99.6
99.3

1,017,867
542,263
1,781,727
138,589

1,177,149
613,461
2,013,388
167,060

1,350,197
691,233
2,227,935
197,061

53.7
57.7
61.4
56.4

62.0
65.3
69.4
67.9

71.2
73.6
76.8
80.1




CO V E R A G E

94.7
95.1
96.1
95.8
95.7

SPECIFIED

291,413
6,086,005
2,344,756
1,716,332
1,081,893

WITH

287,454
6,012,306
2,323,294
1,697,994
1,069,178

PROTECTION

277,818
5,826,583
2,262,804
1,650,426
1,040,986

INSURANCE

Idaho...........................................
Illinois.........................................
Indiana.......................................
Iowa............................................
Kansas........................................

o
Or

T a b le 7 6 .

A c c o u n t s F u l l y P r o t e c t e d a n d D e p o s it s I n s u r e d w it h S p e c if ie d A m o u n ts o f M a x im u m C o v e r a g e ,
In s u r e d C o m m e r c ia l B a n k s , S e p te m b e r 3 0 , 194 9

§

BANKS GROUPED BY AMOUNT OF DEPOSITS, POPULATION OF CENTER IN WHICH LOCATED,
PERCENT OF DEPOSITS INSURED, AND CLASS J AND ACCOUNTS GROUPED BY TYPE
Deposits (in thousands) insured
with maximum coverage of—

Percentage of
deposits insured
with maximum coverage of—

Classification
$5,000
or less

$25,000
or less

$5,000
or less

$10,000
or less

$25,000
or less

$5,000

$10,000

$25,000

$5,000

$10,000

$25,000

$62,411,269

$72,998,118

$85,064,189

44.8%

52.4%

61.1%

90,939,566

96.0%

98.5%

99.4%

Banks with deposits of—
$250,000 or less........................
$250 000 to $500,000..............
$500*000 to $1,000,000...........
$1,000,000 to $ 2 ,0 0 0 ,0 0 0 ....
$2,000,000 to $5,000,000. . . .

30,165
329,565
1,970,765
5,628,446
14,141,173

30,461
334,112
2,007,995
5,755,652
14,479,394

30,543
335,467
2,018,871
5,797,226
14,597,400

98.7
98.1
97.5
96.9
96.6

99.7
99.5
99.3
99.1
98.9

99.9
99.9
99.9
99.8
99.7

13.314
175,131
1,211,483
3,763,578
9,595,006

14,270
190,763
1,337,701
4,228,327
10,908,927

14,898
201,903
1,426,156
4,577,476
12,020,725

88.2
84.3
81.5
77.3
72.2

94.6
91.8
90.0
86.9
82.1

98.7
97.2
95.9
94.1
90.5

$5,000,000 to $10,000,000. . .
$10,000,000 to $25,000,000. .
$25,000,000 to $50,000,000. .
$50,000,000 to $100,000,000
More than $100,000,000........

12,319,780
13,094,352
7,721,821
6,179,437
26,380,107

12,609,303
13,406,239
7,915,090
6,336,210
27,169,540

12,714,563
13,525,190
7,993,768
6,402,542
27,523,996

96.6
96.4
96.1
95.8
94.9

98.8
98.7
98.5
98.3
97.7

99.7
99.6
99.5
99.3
99.0

8,170,529
8,801,503
5,408,324
4,484,348
20,788,053

9,349,031
10,159,494
6,315,955
5,297,465
25,196,185

10,467,702
11,569,313
7,336,538
6,317,368
31,132,110

66.4
59.8
51.6
43.3
29.1

75.9
69.0
60.2
51.2
35.2

85.0
78.6
69.9
61.0
43.5

Banks in centers with
population of—
Less than 250................. ..
250 to 500..................................
500 to 1 000
........................
1 000 to 2 500 .........................

559,473
1,642,281
3,487,982
6,888,708

574,142
1,683,376
3,576,708
7,057,050

578,601
1,695,992
3,605,676
7,115,473

96.5
96.7
96.6
96.6

99.0
99.1
99.0
98.9

99,7
99.8
99.8
99.8

420,962
1,173,906
2,517,884
4,837,295

474,057
1,315,295
2,840,724
5,485,544

515,093
1,413,047
3,074,395
6,002,566

68.9
79.3
77.3
74.3

77.6
88.9
87.2
84.2

84.4
95.5
94.4
92.2

2 500 to 5,000...........................
5 000 to 10,000.........................
10 000 to 15,000.......................
15 000 to 25,000 .....................

6,471,863
7,370,802
4,480,135
4,989,962

6,627,689
7,548,059
4,583,605
5,107,918

6,683,811
7,613,110
4,622,039
5,153,119

96.5
96.5
96.6
96.4

98.9
98.8
98.8
98.7

99.7
99.7
99.6
99.6

4,402,321
4,995,108
2,925,727
3,322,001

5,024,405
5,722,923
3,361,251
3,838,447

5,573,541
6,397,558
3,784,655
4,363,223

69.8
67.4
63.9
59.7

79.6
77.3
73.5
69.0

88.3
86.4
82.7
78.5

25 000 to 50,000 .....................
50 000 to 100,000.....................
100 000 to 500,000...................
600 000 or m or® .....................

6,985,886
6,753,315
15,160,786
23,004,418

7,152,291
6,903,959
15,538,239
23,690,960

7,214,177
6,965,979
15,692,753
23,998,836

96.4
96.4
95.9
95.0

98.7
98.6
98.3
97.8

99.6
99.5
99.3
99.1

4,627,153
4,386,074
10,644,922
18,157,916

5,336,226
5,108,764
12,552,620
21,937,862

6,101,166
5,939,690
14,993,501
26,905,754

58.2
51.0
40.7
29.8

67.1
59.4
48.0
36.0

76.7
69.1
57.4
44.2




CO R PO R ATIO N

90,043,996

INSURANCE

87,795,611

DEPOSIT

All insured com m ercial

$10,000
or less

FEDERAL

Percentages in
accounts of—

Number of accounts with
balances of—

100.0
98.1
97.4
96.8
96.4

100.0
99.7
99.4
99.1
98.8

100.0
100.0
99.9
99.8
99.6

2,694
677,430
6,035,796
11,910,150
11,566,986

2,694
713,638
6,613,410
13,407,820
13,304,475

2,694
726,374
6,982,454
14,598,945
14,958,963

100.0
93.0
83.8
74.8
65.1

100.0
97.9
91.9
84.2
74.9

100.0
99.7
97.0
91.7
84.2

50 to 59 percent.......................
40 to 49 percent.......................
30 to 39 percent.......................
20 to 29 percent.......................
Less than 20 percent...............

20,340,713
7,231,737
7,306,958
4,560,253
2,816,994

20,875,654
7,429,063
7,515,347
4,707,890
2,934,851

21,081,919
7,519,339
7,617,529
4,782,188
3,017,572

96.1
95.5
95.0
94.0
90.2

98.6
98.1
97.7
97.1
94.0

99.6
99.3
99.0
98.6
96.6

13,848,470
5,515,762
5,777,872
3,808,127
3,267,982

16,181,321
6,569,283
7,017,568
4,757,776
4,430,133

18,537,791
7,850,914
8,712,091
6,174,654
6,519,309

54.9
45.3
34.1
24.7
11.7

64.1
53.9
41.4
30.9
15.9

73.4
64.5
51.4
40.1
23.4

Glass of bank
National
banks
members
F. R . System........................
State banks members F. R. S.
Banks not members F. R . S.

47,739,312
20,246,463
19,809,836

48,982,875
20,793,323
20,267,798

49,496,158
21,020,868
20,422,540

95.9
95.6
96.7

98.3
98.2
99.0

99.4
99.3
99.7

34,014,250
15,253,413
13,143,606

40,075,611
18,020,640
14,901,867

47,216,117
21,415,943
16,432,129

42.3
38.4
68.9

49.8
45.4
78.1

58.7
53.9
86.2

38,666,956
43,276,077
36,930

39,721,347
44,383,074
47,744

40,324,337
44,598,291
66,792

95.0
97.0
29.1

97.6
99.4
37.6

99.1
99.9
52.6

30,825,309
28,768,831
495,743

37,612,814
31,366,891
920,313

46,067,959
32,623,713
1,955,818

39.6
85.7
4.4

48.4
93.4
8.1

59.2
97.2
17.2

198,797
678,435
573,719
4,364,697

225,976
698,815
584,766
4,382,274

252,099
713,805
593,330
4,390,912

68.0
93.5
95.6
99.3

77.3
96.3
97.5
99.7

86.3
98.4
98.9
99.9

722,349
557,018
311,785
730,234

1,113,268
731,935
410,731
842,166

1,881,828
991,595
562,026
981,250

6.2
25.9
35.0
41.1

9.5
34.1
46.1
47.4

16.0
46.2
63.1
55.2

Type of account
D ep osits of in d ivid u als,
partnerships, and cor­
porations:
Demand..................................
Savings and time.................
Interbank deposits..................
Government and postal sav­
ings deposits..........................
Uninvested trust funds..........
Prafts.........................................
Other items................................

COVERAGE




SPECIFIED

6,842
1,221,702
9,679,542
18,436,554
17,576,379

WITH

6,842
1,218,503
9,629,736
18,302,931
17,423,179

PROTECTION

6,842
1,198,887
9,435,945
17,888,428
17,008,854

INSURANCE

Banks with percent of
deposits insured of—
100 percent................................
90 to 99 percent.......................
80 to 89 percent.......................
70 to 79 percent.......................
60 to 69 percent.......................

o

T a b le 7 7 .

A c c o u n t s F u l l y P r o t e c t e d a n d D e p o s it s I n s u r e d w it h S p e c if ie d A m o u n ts o f M a x im u m C o v e r a g e ,
I n s u r e d M u t u a l S a v in g s B a n k s , S e p t e m b e r 3 0 , 1949
POPULATION OF CENTER IN WHICH LOCATED; AND ACCOUNTS GROUPED BY TYPE
Percentages in
accounts of—

Number of accounts with
balances of—

Deposits (in thousands) insured
with maximum coverage of—

Percentage of
deposits insured
with maximum coverage of—

$5,000
or less

$10,000
or less

$25,000
or less

$10,000
or less

$25,000
or less

$5,000

$10,000

$25,000

$5,000

$10,000

$25,000

$12,121,851

$13,289,891

$13,399,776

90.4%

99.1%

99.9%

11,768,044

12,514,763

12,549,442

93.8%

99.7%

100. 0 %

FDIC District
District 1
..........................
District 2 ..................................
District 3 ..................................
District 4 ...................................
District 7
.................
District 9
...............
District 12.................................

186,086
9,412,592
1,466,594
198,868
54,071
179,098
270,735

191,875
10,074,929
1,519,919
201,068
55,577
187,451
283,944

192,741
10,094,585
1,533,032
201,297
55,739
187,885
284,163

96.5
93.2
95.6
98.8
97.0
95.3
95.3

99.5
99.8
99.1
99.9
99.7
99.8
99.9

100.0
100.0
99.9
100.0
100.0
100.0
100.0

136,687
10,469,286
1,074,179
74,226
38,331
145,870
183,272

147,713
11,447,575
1,216,851
78,164
40,743
155,428
203,417

150,990
11,491,240
1,277,681
79,149
41,614
155,551
203,551

90.2
91.1
83.3
93.2
90.7
93.8
90.0

97.4
99.6
94.4
98.1
96.4
99.9
99.9

99.6
100.0
99.1
99.4
98.4
100.0
100.0

State
Connecticut
........................
Indiana
..........................
Ivlaine
........................
Maryland...................................

40,885
27,442
38,232
198,868

42,564
28,519
39,254
201,068

42,964
28,632
39,433
201,297

95.1
95.8
96.9
98.8

99.1
99.5
99.5
99.9

100.0
99.9
100.0
100.0

33,506
27,201
24,177
74,226

37,941
28,846
26,442
78,164

39,223
29,576
27,226
79,149

85.3
90.0
88.0
93.2

96.6
95.4
96.2
98.1

99.9
97.8
99.1
99.4

Minnesota
..........................
New Jersey................................
N ew Y ork
.................
Ohio.............................................

179,098
734,168
8,678,424
236,854

187,451
755,688
9,319,241
247,224

187,885
759,378
9,335,207
249,248

95.3
96.7
93.0
94.9

99.8
99.5
99.8
99.1

100.0
100.0
100.0
99.9

145,870
490,140
9,979,146
194,792

155,428
534,502
10,913,073
219,197

155,551
545,786
10,945,454
230,587

93.8
89.7
91.2
83.1

99.9
97.8
99.7
93.5

100.0
99.9
100.0
98.4

Oergon........................................
Pennsylvania............................
Vermont
...................
Washington...............................
Wisconsin..................................

7,409
1,229,740
106,969
263,326
26,629

8,375
1,272,695
110,057
275,569
27,058

8,375
1,283,784
110,344
275,788
27,107

88.5
95.8
96.9
95.5
98.2

100.0
99.1
99.7
99.9
99.8

100.0
100.0
100.0
100.0
100.0

14,684
879,387
79,004
168,588
11,130

14,902
997,654
83,330
188,515
11,897

14,902
1,047,094
84,541
188,649
12,038

98.5
83.4
93.1
89.4
92.4

100.0
94.6
98.2
99.9
98.8

100.0
99.3
99.6
100.0
100.0




CO R PO R ATIO N

United S tates.............................

INSURANCE

$5,000
or less

DEPOSIT

Classification

FEDERAL

BANKS GROUPED BY FEDERAL DEPOSIT INSURANCE CORPORATION DISTRICT, STATE, AMOUNT OF DEPOSIT, AND

99.4
99.7
99.6

100.0
100.0
100.0

453
4,466
66,118

491
4,708
72,695

493
4,795
73,794

91.9
93.1
89.5

99.6
98.2
98.4

100.0
100.0
99.9

$5,000,000 to $10,000,000. . .
$10,000,000 to $25,000,000. .
$25,000,000 to $50,000,000. .
$50,000,000 to $100,000,000
More than $100,000,000........

238,963
881,862
990,880
2,082,393
7,484,216

249,591
928,490
1,040,476
2,185,255
8,017,422

250,251
932,022
1,043,154
2,191,221
8,038,948

95.5
94.6
95.0
95.0
93.1

99.7
99.6
99.7
99.7
99.7

100.0
100.0
100.0
100.0
100.0

189,832
783,858
858,346
1,779,470
8,439,308

208,456
866,298
943,191
1,950,163
9,243,889

210,419
874,483
951,592
1,972,460
9,311,740

90.1
89.5
90.1
89.9
90.6

98.9
98.9
99.0
98.6
99.2

99.9
99.9
99.9
99.7
99.9

Banks in centers with
population of—
500 to 1,000..............................
1,000 to 2,500...........................

18,205
44,689

19,982
48,338

20,100
48,543

90.6
92.1

99.4
99.6

100.0
100.0

25,352
49,439

28,579
56,441

28,937
56,900

87.6
86.9

98.8
99.2

100.0
100.0

2,500 to 5,000...........................
5,000 to 10,000.........................
10,000 to 15,000.......................
15,000 to 25,000.......................

36,338
109,147
70,724
274,849

39,096
115,904
75,231
287,992

39,203
116,271
75,505
289,175

92.7
93.9
93.7
95.0

99.7
99.7
99.6
99.6

100.0
100.0
100.0
100.0

41,104
107,920
67,142
221,160

45,872
119,052
75,876
247,252

46,253
120,257
76,580
251,290

88.8
89.7
87.6
87.9

99.1
98.9
98.9
98.2

99.9
99.9
99.9
99.8

25,000 to 50,000.......................
50,000 to 100,000.....................
100,000 to 500,000..................
500,000 or more........................

529,090
306,181
1,705,756
8,673,065

553,068
321,749
1,785,765
9,267,638

555,090
322,614
1,790,809
9,292,132

95.3
94.9
95.2
93.3

99.6
99.7
99.7
99.7

100.0
100.0
100.0
100.0

410,985
272,420
1,348,983
9,577,346

455,991
298,961
1,491,091
10,470,776

462,999
302,183
1,499,857
10,554,520

88.6
89.9
89.9
90.6

98.3
98.6
99.4
99.1

99.8
99.7
100.0
99.9

Type of account
D eposits of in d ivid u als,
partnerships, and c o r­
porations:
Demand..................................
Savings and time.................
Interbank deposits...................
Government and postal sav­
ings deposits..........................
Uninvested trust funds...........
Drafts.........................................
Other items................................

18,183
11,559,705
257

18,358
12,305,596
274

18,424
12,340,021
283

98.6
93.7
90.2

99.5
99.7
96.1

99.9
100.0
99.3

8,235
12,078,911
513

8,972
13,243,844
585

9,587
13,351,124
690

83.9
90.4
74.1

91.4
99.1
84.5

97.6
99.9
99.7

964
519
89,453
98,963

1,002
537
89,958
99,038

1,044
554
90,015
99,101

90.2
93.3
99.4
99.8

93.7
96.6
99.9
99.9

97.7
99.6
100.0
100.0

883
613
25,307
7,389

1,276
734
26,507
7,973

1,886
844
26,981
8,664

32.3
71.0
92.0
75.0

46.6
85.1
96.4
81.8

68.9
97.8
98.1
88.9

1 Because of rounding to tenths of 1 percent, percentages shown as 100.0 may




either complete coverage or a coverage of 99.95 percent or more.

COVERAGE

95.4
97.9
95.4

SPECIFIED

519
7,028
86,299

WITH

516
7,008
86,005

PROTECTION

495
6,880
82,355

INSURANCE

Banks with deposits of—
$1,000,000 or less.....................
$1,000,000 to $2,000,000. . . .
$2,000,000 to $5,000,000___

INSTRUCTIONS FOR PREPARATION OF SUMMARY OF DEPOSITS,
FORM 89— CALL NO. 5
AT THE CLOSE OF BUSINESS ON SEPTEMBER 30, 1949

G e n e r a l I n s t r u c t io n s

Deposit classifications correspond with the usual ledger and condition report
items, with the exception o f:

Item 2, ‘Trust funds,” which is found only in banks having trust powers and
which for Column II is computed from the records of the trust department;
Item 6, “ Outstanding bank drafts/’ which is to be determined by the bank as
of September 30, 1949; and
Item 7, “ Other deposits,” which will include letters of credit issued for cash,
certified, officers’ and travelers’ checks outstanding, and amounts due to Federal
Reserve Bank (transit account). Deposit items included with item 7 under Column
II should be reported in accordance with Section 326 of the Codified Rules and
Regulations of the Federal Deposit Insurance Corporation.
Each bank operating a branch or branches is requested to submit only one
report, a combined report for the bank as a whole. Do not include interbranch deposits
(amounts due to branches and head office) in making this consolidated report.
The amount of deposits at subitems f and k may be identical for some types of

deposits.
An entry should be made in every space on the form. Where there are no
figures to report, the word “ None” must be written or stamped.
The classifications in this report do not depend on whether or not any particular
item or fund is assessable for deposit insurance.

C o lu m n s

I

and

II,

N u m b er o f A c c o u n ts and D e p o s it L ia b ilitie s
F o r A ssessm en t P u rp oses

Under Column II report the deposit liabilities, by type of deposit and size of
account, which would be shown for September 30, 1949, in Column A of FDIC Form
555, “ Tabulation of Assessment Base.” In Column I show the number of accounts
corresponding to these deposits.
Report at the various subitems for each type of deposit and for the total at item 8
the following:
Subitem
Subitem
Subitem
Subitem
Subitem
Subitem
Subitem
Subitem
Subitem
Subitem



(a) the total number of deposit accounts;
(b) the number of accounts with balances of $5,000 or less;
(c) the number of accounts with balances of $5,000 to $10,000;
(d) the number of accounts with balances of $10,000 to $25,000;
(e) the number of accounts with balances of $25,000 or more;
(f) the total amount of deposit balances;
(g) the sum of balances in accounts of $5,000 or less;
(h) the sum of the entire balance in all accounts of $5,000 to $10,000;
(i) the sum of the entire balance in all accounts of $10,000 to $25,000; and
(j) the sum of the entire balance in all accounts of $25,000 or more

110

INSTRUCTIONS FOR SUMMARY OF DEPOSITS

111

The entire amount of an account should be included under the appropriate subitem.
For example, the entire $7,493.65 of an account of $7,493.65 should be placed in
subitem h headed “$5,000.01 to $10,000.00.” Do not enter $5,000.00 in subitem g
headed “ $5,000.00 or less” and $2,493.65 in subitem h headed “$5,000.01 to
$10,000.00.” Only those accounts the entire balance of which does not exceed $5,000.00
should be included in subitem g headed “$5,000.00 or less.”
For the purposes of this report, kindly note that:
Accounts should not be combined. Each account standing to the credit of
a depositor, whether or not in the same capacity and the same right, should be
considered a separate account. The number of accounts reported should agree with
the number of accounts on the books of the bank. If school savings are carried
as one account, one account should be reported; if school savings accounts are
entered individually, the total number of such accounts should be reported.
Each dormant and inactive account should be reported as a separate account.
Report as a separate account each outstanding certificate of deposit, letter
of credit sold for cash, outstanding draft, certified and officer’s check. However,
all travelers’ checks outstanding in the same name should be combined and reported
as one account.
“ Trust funds” for item 2 in Columns I and II means all trust funds (principal
and/or income cash) retained in cash in the trust department, or deposited in
the commercial or savings department of the bank, or deposited in any other bank.
Do not deduct overdrafts, if any, unless such overdrafts may legally be offset
by a cash balance in a related trust department account. Each trust department
account reflecting trust funds (principal and/or income cash, including cash
deposited in savings and checking accounts), as shown in the records of the trust
department, should be reported as a separate account in Column I, items 2a to 2e.
Item 6, “ Outstanding bank drafts” represents outstanding drafts drawn
on a correspondent or a Federal Reserve bank, other than those issued for purposes
of the bank’s own transactions.
The total amount of deposits as reported at item 8f should equal the sum of
items If through 7f and should correspond with the figure for total deposit liabilities
which would be shown for September 30, 1949, in Column A of FDIC Form 555,
“ Tabulation of Assessment Base,” with drafts outstanding on that date included.

C o lu m n

III,

D e p o s i t L i a b i l i t i e s a s D e f i n e d in R e p o r t o f C o n d it i o n

Under Column III report the deposit liabilities by type, in total only, at items lk
through 5k and at item 7k as defined for items 13 to 19 of the uniform report of con­
dition used by the Federal bank supervisory agencies (Form 2130-A for national
banks; Form 105 for State banks members of the Federal Reserve System; and Form
64 for State banks not members of the Federal Reserve System). The number of
accounts and amount of deposits by size of account are not required.
Trust funds to the credit of the trust department of the bank which have been
deposited in other departments of the bank should be reported at item 2k and
should not be included in items 4k and 5k.
Reciprocal demand bank balances with banks in the United States as well
as amounts due to own branches or head office should be excluded from item 3k,
“ Deposits of domestic and foreign banks.”
The total amount of deposits as reported at item 8k should equal the sum
of items lk through 5k plus item 7k. This sum should be the same as the figure




112

FEDERAL DEPOSIT INSURANCE CORPORATION

which would be given at item 19 on the uniform report of condition, if Form 2130-A,
Form 105, or Form 64 were to be prepared as of September 30, 1949.

Item s 9

and

10

Item 9. The sum of the six items called for should be the same as the figure for
item 1 of Schedule D, “ Cash items in process of collection, including exchanges for
clearing house’ ’ if a report of condition were to be prepared as of September 30, 1949.
Banks not now claiming deductions for exchanges on the Corporation’s certified
statement may estimate, if adequate records are not available, the segregation between
items “ Credited to deposit accounts,” items “ Paid over the counter,” and “ Other”
items such as checks on other banks received for payments on notes. Banks now
claiming deductions may estimate the segregation between items “ Paid over the
counter” and “ Other” non-deposit items.
Item 10. “ Cash funds held solely as security for an obligation owing to the bank
in an amount not in excess of such obligation” includes: payments received on the
principal of personal instalment loans which are held by the bank pending their
application on such indebtedness; funds placed with the bank to meet maturing
acceptances or to secure letters of credit; and other such items. Do n ot include
established deposit accounts which are assigned as such security.




113

SUMMARY OF DEPOSITS
D U P L IC A T E
B u lk may retain th is copy

S U M M A R Y O F DEPOSITS O F
(City) (P. 0. Zo e N
n o.)
T ype

F D IC Certificate No._

(Legal title o b k)
f an

o£___________________________________ , ______________

(S ]
tate

op deposit and size op account

1. Governmentit*el Upostal savings deposits—total.................................. &
and
(in d d p e
clu e e o
. S. Gov.
em en S *. an p litical
in t. tate d o
[$5000.00 or less............. b
,
$ 5000.01 to $ 10000.00 e
,
,
In accounts of:
$ 10000.01 to $25000.00 d
,
,
$25000.0 or more
,
1
e
2. Trustcofunds—total.................................................................................. a
(fo lu n 1 en II re o
r ms d p rt
tru K d asre rd dintru
at in t co e
at
[$5000.00 or less............. b
,
d p rtmn in d gth a ro
e a e t clu in oe d p site in o e b k*)
e o d th r an
$5000.0 to $ 10000.00 c
,
1 ,
In accounts of:
$ 10000.0 to $25000.00 d
,
1 ,
e
$25000.01 or more
,
3. Depositsamudomestic ow foreign banks—total................................... a
of
and
(e clu e o n d e to n
x d
t* u
b n e o h ad o ; fo
ra ch * r e ffice r
[$5000.00 or less............. b
,
co n an amu t* “ u to
u t* d o n d e
o e b k* w o t d d c*
th r an " ith u e u
$ 5000.01 to $ 10000.00 e
,
,
2s A & T unt*"du*,rom In accounta of: $ 10,000.01 to $25,000.00 d
$25000.0 or more
,
1
e
4. Demand deposits of individuals, partnerships, and
corooratinns—total............................................................................... a
(e clu e truit fu d o o n
x d
n* f w
tru t d p e t)
* e artmn
[$5000.00 or less............. b
,
$ 5000.0 to $ 10000.00 c
,
1 ,
In accounts of:
$ 10000.01 to $25000.00 d
,
,
$25000.0 or more
,
1
e
5. Savings and time deposits of individuals, partnerships,
and comorations—total....................................................................... a
(e clu e tru t fu d o o n
x d a n* f w
tru d p e t)
at e artmn
[$ 6000.00 or less............. b
,
$ 5000.0 to $ 10000.00 e
,
1 ,
In accounts of:
$10000,01 to $25000.00 d
,
,
$25000.0 or more
,
1
e
6. Outstanding bank drafts—total............................................................ a
[$5000.00 or less............. b
,
$5000.0 to $ 10000.00 e
,
1 ,
In accounts of:
$ 10000.01 to $25000.00 d
,
,
$25000.0 or more
,
1
e

Deposit L iabilities
for assessment purposes1
A O N OF DEPOSITS
MUT
number op accounts
dollars

5000.00 or less.............
$5000.0 to $ 10000.00
,
1 ,
$ 10000.0 to $25000.00
,
1 ,
$25000.0 or more
,
1

[$ ,

5000.00or less.............
$ 5000.0 to $ 10000.00
,
1 ,
$ 10000.0 to $25000.00
,
1 ,
$25000.01 or more
,

[$ ,
In accounts of:

30 1949

%

10. obligation owing solely as security for an not
Cash funds held
to the bank in an amount

k

1

1
15 16

Show at lk deposits as de­
fined for items
and
on
report of condition

g

h
i
J

1

1

f

t

g

■Show at k trust funds of
own trust department de­
posited in own bank

h

1

I

2

J

k

f

1

1

1

8 17

Show at k deposits as de­
fined for item
on report
of condition

g
h

(th e clu e re ro d an
i* x d * cip cal em d

I
i

f

1

t

4 13

1

1

Show at k deposits as de­
fined for item on report of
condition, exclusive of trust
funds of own trust depart­
ment as shown in k

g
h

2

I

J

f

1 1
5 14
2

1

1 1
7 18

*

1

1
8
5

1

Show at k deposits as de­
fined for item on report of
condition, exclusive of trust
funds of own trust depart­
ment as shown in k

g
h

i
J
f
g

h
i

J
(

b
e

k

Show at k deposits as de­
fined for item
on report
of condition

g

h

d

1

e

J

a

f

b

g

c

h

d

i

e

J

Cash
(a) Exchanges for clearing house and cash items
forwarded for collection on September ,
............$
(b) Cash items previously forwarded for collection
but not yet collected.........................................................

Deposit L iabilities
as defined for
report op condition2
CTS
dollars

CTS

f

7. Other deposits—total............................................................................. a

In accounts of:

TD10 Assessment No._

AT THE CLOSE OF BUSINESS ON SEPTEMBER >0.1949

1|
1

k

19

7

items in process of collection:
Paid over the counter

|

1

1

Show at k the sum of lk
through k frlus k—this
sum should agree with item
as defined for report of
condition

$

t

Total amount whether or not
included in deposits above

I

1

I

1

I

*

1

Portion included in
column I I above

I

I

$
Portion included in
column I I I above

I

in excess of such obligation...................................
' / As required to be reported in Column A of Form
, “Tabulation of Assessment Base” with outstanding; drafts included.
/ As defined for items
to
of the following reports of condition: Form
-A for national banks; Form
for State banks members Federal Reserve
System; and Form
for State banks not members of the Federal Reserve System.

2

555

13
64 19

2130

The above statement is correct to the best of ray knowledge and belief—




105

(N e an title o o r)
am d
f ffice







PART FOUR
LEGISLATION




S t a t e B a n k i n g L e g is l a t io n
In 1949 the legislatures of forty-four States held regular sessions and eight of
these legislatures held special sessions. The legislatures of two other States held
special sessions.
This summary includes the more important State banking legislation enacted in
1949.
SUPERVISORY AUTHORITY

Restriction on use of words “ Bank” , “ Banker” , or “ Banking” . .Alabama (Act 230)
Banking Code...................................................................................California (Ch. 755)
State Banking Fund and revolving fund for operations of Banking Department
.......................................................................................................California (Ch. 1277)
Deputy State Bank Commissioners and clerical assistants to be paid under general
provisions relating to State officers and employees................. Colorado (Ch. 123)
Superintendent of Banking to examine application for charter and issue certificate
within 90 days after application has been filed or to notify the Secretary of State
of his refusal to approve the granting of the charter................. Georgia (Act 80)
Term of office of Bank Commissioner.......................................... Maryland (Ch. 286)
Publishing of financial reports to Commissioner........................... Minnesota (Ch. 35)
Deputy Commissioner of banking......................................................... Vermont (Ch. 8)
Salaries of deputy Commissioner and examiners..................... West Virginia (Ch. 22)
Microfilming of records...................................................................... New York (Ch. 29)
ORGANIZATION AND CHARTER CHANGES

Effect of conversion of State bank into national bank and of merger or consolidation
of State and national banks............................................................................................
Arizona (Ch. 108); Georgia (Act 133); New Jersey (Ch. 46); North Dakota (Ch. 104)
Requirement that holders of two-thirds, instead of three-fourths, of stock shall approve
increase or decrease of capital stock..............................................Arkansas (Act 261)
Savings bank authorized branches if surplus equals $1 million and not less than
10 percent of deposits, and out-of-town branches where no main office of another
savings bank is located..............................................................Connecticut (Act 125)
Conversion of industrial bank to State bank and trust company.............................
.....................................................................................................Connecticut (Act 210)
Organization of trust company and use of trust in name............. Florida (Ch. 25089)
Forfeiture of charter........................................... Georgia (Act 119); Wyoming (Ch. 36)
Minimum capital and surplus requirements.......................................Indiana (Ch. 163)
Conversion of savings bank into State or Federal savings and loan association. . . .
....................................................................................................... Minnesota (Ch. 337)
Articles of agreement for incorporation....................................Missouri (S.B. 183, 184)
Securities deposit requirement for trust business.............................Oregon (Ch. 100)
Charter amendment............................................................................ Vermont (Ch. 203)
Establishment and operation of investment trust banks___ North Dakota (Ch. 108)



117

118

FEDERAL DEPOSIT INSURANCE CORPORATION
SHAREHOLDERS

Use of transfer agent or registrar of shares of bank authorized. .Michigan (Act 166)
Rights of dissenting stockholders in merger transaction limited to stockholders of
merged bank.................................................................................. New York (Ch. 669)
Annual meeting............................................................................. West Virginia (Ch. 24)
general

o p e r a t in g

p r o v is io n s

Final adjustment of bank statements of account six months after rendition.............
............................................................................................................ Arizona (Ch. 100)
Creation of joint tenancy or other ownership in contents of safety deposit box in box
rental contract prohibited........................................................... California (Ch. 1597)
Restoration from earnings of surplus reduced by losses...................Nebraska (Ch. 18)
Industrial banks authorized to engage in, or invest 15 percent of capital and surplus
in stock of corporation organized to conduct, a safe deposit business on the bank
premises.......................................................................................Connecticut (Act 253)
Retention and destruction of records............................................................................. .
Maine (Ch. 57); North Dakota (Ch. 109); Ohio (S.B. 103); Tennessee (Ch. 21)
Lien on safe deposit box contents for unpaid rental charge.........................................
.................................................................New York (Ch. 635); Oklahoma (H.B. 110)
RESERVES

20 percent of required reserve to be held in cash or United States Government obliga­
tions, instead of being held in cash with authority to hold 30 percent of such 20
percent in United States Government obligations..................... Colorado (Ch. 126)
l/6 th of required reserve fund, instead of l/3rd, to be held in cash on hand..........
..................................................................................................... Connecticut (Act 127)
Increase of cash reserves of savings banks........................................ Vermont (Ch. 209)
Reserve requirements up to amount equal to those of Federal Reserve system may
be imposed by Banking Board...................................................... New York (Ch. 36)
d e p o s it s

Deposit by one person in trust for another. .Arizona (Ch. 100); New Jersey (Ch. 286)
Notice of adverse claim to a deposit need not be recognized until bank served with
court order or process........................................................................Arizona (Ch. 100)
Deposits and security for public funds...................................................................... .......
California (Ch. 142); South Dakota (Ch. 218); Tennessee (Ch. 94); Texas (Ch. 450)
Industrial banks authorized to receive deposits......................... Connecticut (Act 253)
Limitation on deposits of savings department permitted in other banks......................
..................................................................................................... Connecticut (Act 304)
Joint deposits............................................................................................. Maine (Ch. 24)
Deposits of a minor................................................................................... Ohio (S.B. 103)
Deposits in a fiduciary’s personal account............................................ Maine (Ch. 277)
Escheat of unclaimed deposits..........................................................................................
....................................Maine (Ch. 24); New Jersey (Ch. 197); New York (Ch. 824)



STATE BANKING LEGISLATION

119

LOANS

Loan up to $2,500 to bank officer or employee authorized............. Colorado (Ch. 125)
Amortized loans of two-thirds value of real estate by savings banks and savings
departments of State banks may not exceed $20,000 or 1/2 of 1 percent of assets
of lending institution whichever is greater.................................Connecticut (Act 64)
FHA loans limit extended from 90 percent to 95 percent of appraised value..............
............................................................................................. Connecticut (Acts 72, 168)
Reservation to U. S. of fissionable materials not deemed encumbrance of real estate
securing mortgage loan...................................................... Connecticut (Acts 55, 169)
Construction loans limited to 50 percent of, or the ratio of the final loan to, the value
of completed property, whichever is the greater..................... Connecticut (Act 128)
Retail instalment sales financing................................................. Connecticut (Act 281)
Personal and instalment loan s...........................................................................................
..................... Florida (Ch. 25343); New York (Ch. 333); Pennsylvania (Act 460)
Limitation on total liability of one borrower....................................................................
.............................Kansas (Ch. 110); New York (Ch. 647); Pennsylvania (Act 163)
Limitation on loans to directors, officers, and employees... .Pennsylvania (Act 163)
Modification of loan limitations___ New Jersey (Ch. 246); South Carolina (Act 226)
Real estate loans.......................................... New Hampshire (Ch. 19); Ohio (S.B. 103)
Loans on bonds secured by mortgages insured by U. S. Department of Agriculture
...................................................................................................Pennsylvania (Act 458)
INVESTMENTS

Obligations issued, assumed, or guaranteed by International Bank for Reconstruction
and Development.................... .......................... Arkansas (Act 453); Maine (Ch. 55)
By savings banks and savings departments in public utility and telephone corporation
bonds........................................................................................... Connecticut (Act 333)
General investments....................Kansas (Ch. 110); Ohio (S.B. 103); Texas (Ch. 438)
By savings banks in certain bonds and mortgages...........................................................
............................. Maine (Ch. 299); Massachusetts (Ch. 374); New York (Ch. 545)
By savings banks in obligations of federal intermediate credit banks.........................
................................................................................................. Massachusetts (Ch. 340)
Legal investments of savings banks.......................................... New Hampshire (Chs.
51, 209); New York (Ch. 522); North Dakota (Ch. 106); Rhode Island (H.B. 837)
Housing authority bonds..................................................................New York (Ch. 523)
Bank and trust companies authorized to invest funds in stock or obligations of cor­
porations owning bank premises but not to exceed 1/3 of the paid in capital except
in cities where population is over 6,000 with approval of Commissioner..............
...................................................................................................... Oklahoma (H.B. 305)
Investing in bank shares of 10 percent of capital and surplus authorized.................
................................................................................................... Pennsylvania (Act 162)
TRUST ACTIVITIES

Investment in obligations issued, assumed, or guaranteed by International Bank for
Reconstruction and Development................................................. Arkansas (Act 453)



120

FEDERAL DEPOSIT INSURANCE CORPORATION

t r u s t a c t iv it ie s — Continued
Investment in shares of State or Federal building or savings and loan associations
insured by the Federal Savings and Loan Insurance Corporation...........................
..........................................................................Colorado (Ch. 256); New Jersey (Ch. 92)
Nominee in whose name stock, owned by a fiduciary, is registered required to either
endorse stock certificate in blank or give power of attorney for transfer in blank
............................................................................................................ Connecticut (Act 280)
Fiduciary bank or trust company with power to retain investments authorized to
retain investment in stock of fiduciary..............................................Delaware (Ch. 19)
The Trustee Savings A c t ........................................................................... Georgia (Act 256)
Common trust fund.................................................................................. Alabama (Act 262);
Idaho (Ch. 34); Illinois (H.B. 580); Indiana (Ch. 70); Massachusetts (Ch. 755)
Prudent man investment rule................................. Kansas (Ch. 319); Oregon (Ch. 220)
Registration in name of nominee of stock held by fiduciary. . Massachusetts (Ch. 428)
Trust company powers.............................................................................Vermont (Ch. 211)
Investments by fiduciaries.........................Pennsylvania (Act 544); Wisconsin (Ch. 26)
Succession to fiduciary capacity after merger into out-State corporation...................
.......................................................................................................... Pennsylvania (Act 466)

DIRECTORS, TRUSTEES, OFFICERS, AND EMPLOYEES
Requirement that majority, instead of three-fourths, of directors shall meet monthly
.................................................................................................................... Arizona (Ch. 107)
Loan up to $2,500 to bank officer or employee authorized.............. Colorado (Ch. 125)
Life and medical benefit insurance up to $5,000 for any savings bank officer or em­
ployee authorized............................................................................ Connecticut (Act 130)
Qualifying shares and oaths of industrial bank directors............Connecticut (Act 285)
Qualifications of directors.................................................................... Georgia (Act No. 97)
Group insurance and retirement plan authorized for mutual savings bank officers
and employees..................................................Indiana (Ch. 182); New York (Ch. 691)
Loan limitations................................... Massachusetts (Ch. 34); Pennsylvania (Ch. 163)
Removal of trustees of savings banks...........................................Massachusetts (Ch. 63)

CHECKS AND COLLECTIONS
Banks exempted from liability for paying postdated checks except where word “ Post­
dated” included..................................................................................... Alabama (Act 229)
Limitation on liability for non-payment of checks to actual damages.............................
.................................................................................................................... Arizona (Ch. 100)
Time limit on stop-payment orders on checks. . .Arizona (Ch. 100); Indiana (Ch. 48)
Authority to refuse payment of checks six months after d a te ... .Arizona (Ch. 100)
Authority to pay check after death or incompetency of maker or drawer prior to
notice......................................................................................................... Arizona (Ch. 100)
Limitation on liability for payment of forged checks...........................................................
............................................................................... Arizona (Ch. 100); Wisconsin (Ch. 56)




STATE BANKING LEGISLATION

121

c h e c k s a n d c o l l e c t i o n s —Continued

Deferred posting and delayed returns act. . . .Arizona (Ch. 100); Colorado (Ch. 124);
Connecticut (Act 147); Delaware (Ch. 21); Georgia (Act 132); Idaho (Ch. 35);
Indiana (Ch. 74); Iowa (Ch. 225); Kansas (Chs. I l l, 305); Maine (Ch. 61); Maryland
(Ch. 441); New Hampshire (Ch. 65); New Mexico (Ch. 52); North Dakota (Ch. 110);
Ohio (S.B. 103); Oklahoma (H.B. 92); Oregon (Ch. 84); Pennsylvania (Act 136);
South Carolina (Act 247); South Dakota (Ch. 21); Utah (Ch. 6); Wisconsin (Ch. 58)
Payment of checks credited to deposit account conditional for one day.....................
............................................................................................... North Carolina (Ch. 954)
Fraudulent checks.................................................... Idaho (Ch. I l l ) ; Oregon (Ch. 129)
Escheat of uncashed domestic travelers’ checks or money orders. .New York (Ch. 824)
Charges on cashiers’ checks authorized for transmission of revenue.........................
............................................................................................. North Carolina (Ch. 1183)
Disposition of unclaimed, cancelled, and paid checks and drafts after six years from
payment............................................................................................Tennessee (Ch. 21)
HOLIDAYS

Five-day week with bank open full day on Saturday if closed on other weekday. . . .
............................................................................................................ Arizona (Ch. 101)
Five-day week............. Arkansas (Act 194); Illinois (H.B. 302); Indiana (Ch. 108)
Saturday holiday.................................................... Colorado (Ch. 122); Delaware (C h.
40—one city and three counties); Georgia (Act 130—Sat., Wed., or Thurs.); Oregon
(Ch. 80); Tennessee (Ch. 187—Sat. or Wed.); Utah (Ch. 7—June to Sept.)
Transaction of business on holidays..................................................................................
................. Georgia (Act No. 90); North Dakota (Ch. I l l ) ; Wisconsin (Ch. 549)
Legal holidays..........Maryland (Ch. 221); North Dakota (Ch. 93); Oregon (Ch. 145)
Forty-eight hour legal holiday whenever officer in charge declares it because employees
or institution endangered by impending or existing hurricane or other catastrophe,
including fire and civil disturbances............................................. Florida (Ch. 25044)
TAXATION

Income tax...............

California (Chs. 513, 557, 1542, 1545)

Capital stock............

...........................New Jersey (Ch. 291)

War losses.................

...............................New York (Ch. 73)

Common trust funds

.............................New York (Ch. 369)

LIQUIDATION

Disposal of unclaimed dividends.................................................South Dakota (Ch. 22)
Subrogation rights of the Federal Deposit Insurance Corporation.. .Oregon (Ch. 276)
Appointment of Federal Deposit Insurance Corporation as receiver without bond
of insured State banks authorized................... Oregon (Ch. 89); Wyoming (Ch. 140)
Voluntary liquidation.................................................................. Pennsylvania (Act 166)
Final accounting...........................................................................Pennsylvania (Act 546)



122

FEDERAL DEPOSIT INSURANCE CORPORATION
MISCELLANEOUS

Prohibition of distribution of material having appearance of duly executed check,
draft, or bill of exchange, when it is not.......................................Alabama (Act 256)
Joint control of deposits of money or assets by surety and any principal required
to give bond.....................................................................................Alabama (Act 636)
Safe-keeping receipts issued by banks covering any bond or securities to be accepted
by State treasurer......................................................................... Florida (Ch. 25419)
Assignment of accounts receivable................... Kansas (Ch. 112); Nebraska (Ch. 194)




PART FIVE
STATISTICS OF BANKS AND DEPOSIT INSURANCE




14
2

N

um ber,

O f f ic e s ,

and

D e p o s it s

of

O p e r a t in g B a n k s

Table 101. Changes in number and classification of operating banks and branches in the United
States and possessions during 1949

,

FEDERAL

Table 103. Number and deposits of operating banks, December 31, 1949

DEPOSIT

Table 102. Number of operating banks and branches, December 31, 1949
Grouped according to insurance status and class of bank and by State and type
of office

Banks grouped according to insurance status and by district and State




Institutions included are classified in three groups: commercial
and stock savings banks, nondeposit trust companies, and mutual
savings banks. However, in the case of insured banks the first two
of these groups are combined.
Nondeposit trust companies include institutions operating under
trust company charters which are not regularly engaged in deposit
banking but are engaged in fiduciary business other than that incidental
to real estate title or investment activities.
M utual savings banks include all banks operating under State
banking codes applying to mutual savings banks.

CO R PO R ATIO N

The tabulations for all banks and trust companies shown here and
in Tables 104-106 are prepared in accordance with an agreement
among the Federal bank supervisory agencies.

The data are tabulated from individual reports of assets and liabilities
of the banks included. This procedure permits exclusion or inclusion
of any particular institution on the basis of the principles adopted.
The data relate to banks operating in the United States and possessions.

INSURANCE

The line of demarcation between banks and other types of financial
institutions is not always clear. In these tables provision of deposit
facilities for the general public is the chief criterion. However, trust
companies engaged in general fiduciary business though not in deposit
banking are included. Uninvested trust funds of trust companies may
be insured by the Federal Deposit Insurance Corporation, and com­
panies specializing in fiduciary activities are engaged in a type of
business the bulk of which is handled by banks of deposit. Credit
unions and savings and loan associations are excluded from the tabula­
tions, except in the case of a few institutions accepting deposits under
the terms of special charters. A more detailed statement of institutions
included and excluded is given below.

Commercial and stock savings banks include the following

categories of banking institutions:
National banks;

Stock savings banks, including guaranty savings banks in New
Hampshire;
Industrial and Morris Plan banks which operate under general
banking codes, or are specifically authorized by law to accept deposits
and in practice do so, or the obligations of which are regarded as
deposits for deposit insurance;




BANKS

In the possessions, branches of American banks engaged in a
general deposit business.

OPERATING

Branches of foreign banks which engage in a general deposit
business in the continental United States or in the possessions;

O
F

Private banks under State supervision, and such other private
banks as are reported by reliable unofficial sources to be engaged
in deposit banking;

DEPOSITS

Special types of banks of deposit: cash depositories in South
Carolina; cooperative exchanges in Arkansas; savings and loan
companies operating under Superior Court charters in Georgia;
government operated banks in American Samoa, Guam, North
Dakota, and Puerto Rico; a cooperative bank, usually classified
as a credit union, operating under a special charter in New Hampshire;
two savings institutions, known as “ trust companies,” operating
under special charters in Texas; employes’ mutual banking associa­
tions in Pennsylvania; and the Savings Banks Trust Company in
New York.

N U M B E R , OFFICES, AND

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;

Institutions excluded. Institutions in the following categories are
excluded, though such institutions may perform many of the same
functions as banks:
Banks which have suspended operations or 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 operating
banks or included in abstracts of condition of banks published by
State banking authorities;
Building and loan associations, savings and loan associations,
credit unions, personal loan companies, and similar institutions,
chartered under laws applying to such institutions or under general
incorporation laws, regardless of whether such institutions are au­
thorized to accept deposits from the public or from their members
and regardless of whether such institutions are called “ banks” (a few
institutions accepting deposits under powers granted in special
charters are included);
Morris Plan companies, industrial banks, loan and investment
companies, and similar institutions except those mentioned in the
description of institutions included.
Branches of foreign banks, and private banks, which confine
their business to foreign exchange dealings and do not receive
“ deposits” as that term is commonly understood;
Institutions chartered under banking or trust company laws, but
operating as investment or title insurance companies and not engaged
in deposit banking or fiduciary activities;
Federal Reserve banks and other banks, such as the Federal Home
Loan banks and the Savings and Loan Bank of the State of New
York, which operate as rediscount banks and do not accept deposits
except from financial institutions;
The postal savings system.

S

Table 101.

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

to

in / 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 u r i n g 1 9 4 9

05

Commercial and stock savings banks
and nondeposit trust companies

All banks

Insured1
Type oFchange

In­
Non­
Total
sured insured

Noninsured

Members F. R.
System
Total
National State

Non­
Not
mem­ Banks deposit Total
trust
bers
of de­
com­
F. R.
posit
panies
System

In­
Non­
sured2 insured

13,628
13,612

1,108
1,141

14,205
14,221

13,436
13,419

4,975
4,991

1,914
1,924

6,547
6,504

704
735

65
67

531
532

192
193

N et change during year..................................................................

-1 7

+ 16

-3 3

-16

+ 17

-1 6

-10

+43

-31

-2

-1

-1

Banks beginning operations.....................................................
New banks
...............................................................................
Other additions to operating banks**
.............

80
67
13

61
58
3

19
9
10

79
67
12

60
58
2

12
12

6
6

42
40
2

19
9
10

1

1

Banks ceasing operations..........................................................
Suspended banks not reopened or succeeded
.................
Merged with financial aid of FDIC— net decrease.............
Mergers and absorptions (without FDIC aid)— net
decrease...................................................................... ..
Other liquidations
...
.........................................
Institution excluded*
.....................................................

97
4
4

83

14
4

95
4
4

81

34

16

31

11
4

3

4

1

76
12
1

75
4

1
8
1

74
12
1

73
4

31
2

16

26
2

1
5
1

3

Noninsured banks becom ing insured
..
Successions to noninsured banks
........... .............................
Admissions to insurance operating banks®
Admissions to F. R . System .
...........................................

+39
+ 7
+29
+3

-3 9
-7
-2 9
-3

+39
+ 7
+29
+3

+ 1
+ 1

+3

+ 35
+6
+29

-3 8
-7
-28
-3

Other changes in classification am ong banks
...........
National banks succeeding State banks
. ...
State bank succeeding national bank.
.............
Admissions to F. R System
Withdrawals from F R System
....
Withdrawal from insurance........................................................

-1

+ 1

-1

+5
+ 6
-1

-1

+2

-1

+ 1

-1

-3
-2
+ 1
+ 12
-12
-11 + 11
-1

-1

+ 1
+ 1

2

1




3
122
4

3
118
4

4

3
117
4

3
114
4

2

2

2

5

4

3

+3

1
18

1

2

-3
-4

9

2
87
4

CO R PO R ATIO N

Changes not involving num ber in any class:
Successions . ......................................... ...................................
Changes in title, location, or name of location.....................
Changes in corporate powers
...................

4

1

339
339

INSURANCE

........................ 14,736
14,753

DEPOSIT

BAN K S
N um ber nf hqtiks, December 31, 1949...............

FEDERAL

Total

Mutual savings banks

-1
-1

1

BRANCHES

1

4,864
4,613

4,671
4,415

193
198

4,665
4,431

4,530
4,283

2,085
1,965

1,302
1,232

1,143
1,086

134
147

+251

+256

-5

+234

+247

+ 120

+70

+57

Branches opened for b usin ess................................
Facilities provided as agents of the government.
Absorbed banks converted into branches.............
Branches replacing offices relocated.......................
Other branches opened6.............................................
Branches not previously included...........................

264
25
61
5
171
2

247
25
58
5
158
1

17

13
1

246
25
60
5
154
2

237
25
57
5
149
1

123
21
27
1
74

67
1
19
1
46

47
3
11
3
29
1

Branches discontinued7.............................................
Branches removed from count.................................
Other branches discontinued....................................

13
2
11

9
1
8

4
1
3

12
2
10

8
1
7

1

4
1
3

+ 18
+ 7
+ 11

-1 8
-7
-11

+ 18
+ 7
+ 11

-2

121

110

11

112

102

19,600
19,366

18,299
18,027

1,301
1,339

18,870
18,652

Num ber of branches, December 31, 1949.
N um ber of branches, December 31, 1948.
N et change during year.

+7

3
3
+ 13
+ 7

58
50

-1 3

+ 17

+9

+8

9

18

10

8

3

1

1

5
1

17

9

4
1
3

1

1

1

1

9

8

1

8

-1 8
-7
-11

-1
-1
+8

68

20

14

10

17,966
17,702

7,060
6,956

3,216
3,156

7,690
7,590

838
882

66
68

730
714

333
325

397
389

-2

+ 16

+8

+8

ALL B A N K IN G OFFICES
Num ber of offices, December 31, 1949.
Num ber of offices, December 31, 1948.

-3 8

+218

+264

+ 104

+60

+ 100

-4 4

308
61
247

36
19
17

325
79
246

297
60
237

135
12
123

73
6
67

89
42
47

28
19
9

Offices closed.
Banks............
Branches.. . .

110
97
13

92
83
9

18
14
4

107
95
12

89
81
8

35
34
1

20
16
4

34
31
3

15
11
4

3
3

+56
+38
+ 18

-5 6
-3 8
-18

+7

+45
+32
+ 13

-5 7
-3 9
-1 8

+ 1
+ 1

Changes in classification.
Among banks......................
Among branches................

+56
+38
+ 18

+4
+6
-2

+ 7

19
1
18

11
1
10

3
2
1

3
2
1

8
8

1 Includes 6 trust companies not engaged in deposit banking on December 31, 1949, and 7 trust companies not engaged in deposit banking on December 31, 1948.
8 Includes 3 mutual savings banks members of the Federal Reserve System for December 31, 1949, and December 31, 1948.
* Includes industrial banks authorized by statute or otherwise to accept deposits and other financial institutions previously in operation which became banks of deposit.
4 Institution previously included which operates under trust company charter but does not engage in deposit banking nor in the fiduciary business,
6 Includes 26 banks operating at beginning of year (one of which was a nondeposit trust company which became a bank of deposit) and 3 banks opened during the year.
8 Includes 6 branches opened prior to beginning of year but not included in count as of December 31, 1948.
tO
7 Includes 2 branches discontinued prior to beginning of year.




BANKS

+272

344
80
264

OPERATING

+234

Offices opened.
Banks..............
Branches.........

Net change during year.

O
F

+ 11
+3
+ 1
-8

-2

DEPOSITS

Changes not involving num ber in any class:
Change in title, location, or name of location. .

1

141
132

N U M B E R . OFFICES, AND

Other changes in classification am ong branches. .
Branches of noninsured banks admitted to insurance.
Branches of noninsured banks admitted to F. R. System
Branches transferred as result of absorption or succession.
Admission to F. R . System.....................................................
Withdrawals from F. R . System ..........................................

3

199
182

1
1

T a b le 1 0 2 .
N u m b e r o f O p e r a t in g B a n k s a n d B r a n c h e s , D e c e m b e r 3 1 , 1 9 4 9
GROUPED ACCORDING TO INSURANCE STATUS AND CLASS OF BANK, AND B Y STATE AND T YP E OF O FFICE
Commercial and stock savings banks
and nondeposit trust companies

All banks

Insured1
State and type of bank or office
Total

Insured banks
as percentages of—

Noninsured

Members F. R.
System
Total
National

State

Not
Non­
mem­ Banks deposit
bers
trust
of de­
F. R.
com­
posit
System
panies

Total

Com­ Mutual
In­
Non­
All
sured2 insured banks mercial savings
banks banks

17,966
13,436
12,238
1,198
4,530

7,060
4,975
kfik7
328
2,085

3,216
1,914
1,698
216
1,302

7,690
6,547
5,893
65k
1,143

838
704
666
38
134

66
65
6k
1
1

730
531
k21
110
199

333
192
127
65
141

397
339
29k
k5
58

93.4
92.5
92.k
93.8
96.0

95.2
94.6
9k.k
96.8
97.1

45.6
36.2
30.2
59.1
70.9

United S tates.......................................... 19,465
All banks................................................. 14,687
Unit banks.......................................... 13,351
Banks operating branches................ 1,336
Branches.................................................
4,778

18,288
13,621
12,361
1,260
4,667

1,177 18,735
1,066 14,156
990 12,930
76 1,226
4,579
111

17,955
13,429
12,23^
1,195
4,526

7,060
4,975
k,6J>7
328
2,085

3,216
1,914
1,698
216
1,302

7,679
6,540
5,889
651
1,139

719
667
637
30
52

61
60
59
1
1

730
531
k21
110
199

333
192
127
65
141

397
339
29k
U5
58

94.0
92.7
92.6
9k.3
97.7

95.8
94.9
9k-6
97.5
98.8

45.6
36.2
30.2
59.1
70.9

124
42
3k
8
82

135
49
38
11
86

11

11

7
k
3
4

7
k
3
4

119
37
29
8
82

5
5
5

1

248
225
221
u
23

247
224
220
k
23

91
69
66
3
22

24
23
22
1
1

132
132
132

1
1

62
10
3
7
52

60
9
3
6
51

39
3
1
2
36

4
2
1
1
2

17
4
1
3
13

253
232
213
19
21

242
221
202
19
21

54
52
50
2
2

16
16
16

172
153
136
17
19

135
49
38
11
86

11

A labam a....................................................
All banks.................................................
Unit banks..........................................
Banks operating branches................
Branches.................................................

248
225
221
u
23

247
224
220
k
23

A rizona......................................................
All banks.................................................
Unit banks..........................................
Banks operating branches................
Branches.................................................

62
10
3
7
52

60
9
3
6
51

Arkansas...................................................
All banks.................................................
Unit banks..........................................
Banks operating branches................
Branches.................................................

253
232
213
19
21

242
221
202
19
21

Possessions...............................................
All banks.................................................
Unit banks..........................................
Banks operating branches................
Branches.................................................

7
u
3
4

8.1

8.1

14.3
10.5
27.3
4.7

14.3
10.5
27.3
4.7

99.6
99.6
99.5
100.0
100.0

99.6
99.6
99.5
100.0
100.0

96.8
90.0
100.0
85.7
98.1

96.8
90.0
100.0
85.7
98.1

95.7
95.3
9k-8
100.0
100.0

95.7
95.3
9k.8
100.0
100.0

State




1
1

2
1
1
1

11
11
11

1

2

1

1
1

10

1

10
10

1
1

CO R POR ATIO N

1,301 18,870
1,108 14,205
1,02k 12,968
8k 1,237
4,665
193

INSURANCE

18,299
13,628
12,365
1,263
4,671

DEPOSIT

United States and possessions........ 19,600
All banks................................................. 14,736
Unit banks.......................................... 13,389
Banks operating branches................ 1,3U7
Branches.................................................
4,864

FEDERAL

Non­
Insured insured Total

Mutual savings banks

California.................................
All banka................................
Unit banks.........................
Banks operating branches
Branches................................

1,155

1,143

852

171

120

3

9

99.0

99.0

195

11

206

195

94

25

76

2

9

94.7

155
uo

165
hi

155
U
O

81
13

15
10

59
17

9

93.9
97.6

93.9
97.6

948

10
1
1

1
1

94.7

165
U
1

948

758

146

44

1

99.9

99.9

94.0

949

150

1,143

949

141

9

141

78

15

48

9

94.0

149

140

9

149

140

77

15

48

9

94.0

94.0

1U8
1
1

139
1
1

9

1U8
1
1

150

139
1

76
1

15

U8

9

93.9
100.0

93.9
100.0

1

1

100.0

100.0

228

134

94

153

131

60

34

37

21

75

3

72

1

72

3

69

85.6
81.2

4.0

21

58.8
51.9

21

1

69
3

3

66
3

U8.8
82.U

78.6
100.0

U.3

3

3

92.3

100.0

3

3

92.9

98.1

2

2

92.5

97.4

93.8
87.5

96.8
100.0

93.8

100.0

98

91

117

95

47

16

32

8U
1U

88
3

103
U

81
U

uo
7

12

29
3

39

36

3

36

13

18

5

Delaware..................................
All banks................................
Unit banks.........................
Banks operating branches
Branches................................

56

52

4

53

13

9

40

37

3

38

37

13

4

82

30
7

2
1

31
7

30
7

13

1
3

15

1

5

10

31

16
6

13
4

100.0

100.0

2

1
3

100.0
100.0

100.0
100.0

100.0

100.0

District of C o lu m bia..........
All banks................................
Unit banks.........................
Banks operating branches
Branches................................

52

30
20
16
U

15

60

60

60

19

19

19

19

9

5
U

5
U

5
1U

2
7

41

41

5
U
41

41

22

10

193

197

193

64

12
12

117

12

115
1
1

4

193

189

4

193

189

61

189
U
4

185
U

U

189
U

185
U

58
3

G eorgia.....................................
All banks................................
Unit banks.........................
Banks operating branches,
Branches................................

434

365

4

4

4

3

69

434

365

75

U

116

1
1

1

9

197

1
1

1

100.0

100.0

2
2
2

98.0

98.0

97.9

97.9

97.9
100.0

97.9
100.0

100.0

2
2
2

100.0

24

266

69

84.1

84.1
82.8

328

68

396

328

51

16

261

68

82.8

311
17

67
1

378
18

311
17

U
S
8

12
U

256
5

67
1

82.3
9U.U

38

37

1

38

37

24

5

1

82.3
9U.U
97.4

97.4

Id a h o .........................................
All banks................................
Unit banks.........................
Banks operating branches
Branches................................

96

95

1

96

95

60

1

99.0

99.0

43

42

1

43

42

14

1

97.7

97.7

35
8

3U
8

1

35
8

3U
8

9
5

97.1
100.0

97.1
100.0

53

53

Illin o is.......................................
All banks................................
Unit banks.........................
Banks operating branches
Branches................................

893

877

890

887
3
3

3




53

53

46

13
11
10
1
2

16

893

877

385

123

369

874

16

890

874

382

123

369

871
3

16

887
3

871
3

379
3

123

369

3

3

3

22
17

15

1

2
5

100.0

100.0

3

98.2

98.2

13

3

98.2

98.2

13

3

98.2
100.0

98.2
100.0

100.0

100.0

BANKS

396

378
18

OPERATING

15

60

1
1

1

4.2

O
F

Florida.......................................
All banks................................
Unit banks.........................
Banks operating branches
Branches................................

8
16

36

u

DEPOSITS

189

172
17

OFFICES, AND

1

Connecticut............................
All banks................................
Unit banks.........................
Banks operating branches
Branches................................

N U M BER ,

C olorado...................................
All banks................................
Unit banks.........................
Banks operating branches
Branches................................

12

206

1,155

13

to
o

T a b le 102.
N u m b e r o f O p e r a t in g B a n k s a n d B r a n c h e s , D e c e m b e r 3 1 , 1 9 4 9 — C on tin u ed
GROUPED ACCORDING TO INSURANCE STATUS AND CLASS OF BANK, AND B Y STATE AND TYP E OF O FFICE
Commercial and stock savings banks
and nondeposit trust companies

All banks

Insured1
State and type of bank or office
Insured

Non­
Total
insured

Noninsured

Members F. R.
System
Total
National State

In d ia n a ......................................................

Not
Non­
mem­ Banks deposit
bers
of de­
trust
F. R.
posit
com­
System
panies

588
488
U
8U
5U
100

576
477
m
58
99

152
125
uu
11
27

128
111
108
8
17

296
241
202
89
55

Io w a.............................................................
All banks.................................................
Unit banks..........................................
Banks operating branches................
Branches.................................................

828
664
5U
120
164

763
604
U88
116
159

65
60
56
h
5

828
664
5U
120
164

763
604
U88
116
159

97
97
97

64
64
6U

602
443
827
116
159

64
59
55
u
5

K an sas........................................................
All banks.................................................
Unit banks..........................................
Banks operating branches................
Branches.............................. ...................

610
610
610

461
461
U61

149
149
1U9

610
610
610

461
461
U61

174
174
17 k

41
41
U

246
246
2U6

149
149
1U9

K entuck y..................................................
All banks.................................................
Unit banks..........................................
Banks operating branches................
Branches.................................................

427
386
S6U
22
41

403
362
8U0
22
41

24
24
n

427
386
86U
22
41

403
362
8U0
22
41

109
92
90
2
17

28
20
15
5
8

266
250
285
15
16

21
21

Louisiana..................................................
All banks.................................................
Unit banks..........................................
Banks operating branches................
Branches..................................................

234
162
128
89
72

233
161
122
89
72

i
i

i

234
162
128
89
72

233
161
122
89
72

71
35
26
9
36

18
11
5
6
7

144
115
91
2U
29

1

M ain e..........................................................
All banks.................................................
Unit banks................................. ..
Banks operating branches................
Branches.................................................

168
96
70
26
72

121

47
36
28
8
11

134
64
uo
2U
70

115
54
86
18
61

41
33
28
5
8

34
5
1
u
29

40
16




7

9
24

9
g
1
1

21

z
o
£

A

6
3
8

1

3
3
8

1
1

19
10
i
•■
¥
6
9

34
32
80
2
2

D

6

/*
o

28
26
2U
2
o

75.6
75.6
75.6

94.4
93.8
98.h
.
100.0
100.0

99.6
99.4
99.2
100.0
100.0

1

1
1

99.6
99.4
99.2
100.0
100.0

72.0
62.5
60.0
69.2
84.7

85.8
84.4
90.0
75.0
87.1

75.0
75.0
75.0

92.1
91.0
89.7
96.7
97.0

94.4
93.8
98.U
100.0
100.0

1
1

98.0
97.7
97.7
98.1
99.0

92.1
91.0
89.7
96.7
97.0

A
4
/

97.8
97.6
97.5
98.1
99.0

75.6
75.6
75.6

9

CO R PO R ATIO N

13
12
11
1
1

Com­ Mutual
All
Non­
In­
mercial savings
sured2 insured banks banks banks

INSURANCE

579
480
U27
58
99

Total

DEPOSIT

592
492
US8
5U
100

10

Unit banks..........................................
Banks operating branches................
Branches.................................................

60
U2
18
61

Insured banks
as percentages of—

FEDERAL

Total

Mutual savings banks

17.6
18.8
20.0

82

72

122

25

96.1

98.9

173

164

164

162

61

16

85

98.8

133
31

133
31

132
30

5k
7

9
7

69
16

9
6

94.8

139
SU

95.7
91.2

99.2
96.8

64.0
22.2
16.7
33.3

131

128

115

114

21

56

37

16

87.5

M a s s a c h u s e t t s ...................
All banks..................................
Unit banks...........................
Banks operating branches.
Branches..............................

587

343

343

207

89

47

233

M a r y l a n d ...........................
All banks..................................
Unit banks...........................
Banks operating branches.
Branches..................................

304

279

292

244

276

3

97.7

99.1

233

58.4

96.9
95.1

175

118

25

190

190

46.8

16k
35

133
51

125
50

95
23

8
17

10

156
3k

156
3k

k3.3
58.8

9k.O
98.0

213

168

45

170

168

89

64

15

43

43

78.9

98.8

M i c h i g a n ...........................
All banks..................................
Unit banks...........................
Banks operating branches.
Branches..................................

671

637

34

671

637

157

247

446

418

28

446

418

38k
62

358
60

26
2

38k
62

358
60

78
66

225

219

6

225

219

M in n e s o t a ........................
All banks..................................
Unit banks...........................
Banks operating branches.
Branches...................... ............

689

667

22

688

666

683

661

682

660

681

659

680
2

658

177

M i s s is s i p p i ........................
All banks..................................
Unit banks...........................
Banks operating branches.
Branches...................................

266
202
167
35

M i s s o u r i .........................
All banks..................................
Unit banks...........................
Banks operating branches.
Branches..........................

598

598

M o n t a n a ...........................
All banks..................................
Unit banks...........................
Banks operating branches.
Branches..................................

111

111
111

111

111

111
111

111

417

363

163
35

266
202
167
35

64

64

64

64

598

571

571

571

598
598

571

598

571

Ill

262
198

111

94.9

93.7

93.7

12

93.2
96.8

93.2
96.8

79

94

46

97.3

97.3

185

28

453

96.8

96.8

100.0

179

28

453

96.8

96.8

k53

96.8
100.0
100.0

96.8
100.0
100.0

100.0
100.0

2

6

262

28

226

98.5

98.5

198

24

167

98.0

98.0

163
35

23
1
4

13k
33

97.6
100.0

100.0

97.6
100.0

59

571

111
111

100.0

79
79
79

101
101

391

95.5

95.5

391

95.5

95.5

101

391

95.5

95.5

39

45

27

39

45

27

100.0
100.0

k5

27

100.0

100.0

100.0
100.0

87.1

363

417

17

219

87.1

415

361

415

361

125

17

219

87.0

87.0

kl3

359

k is
2
2

359
2
2

123
2

17

219

86.9
100.0

86.9
100.0

27
8

19

5

27
8
3
5

2
3

100.0
100.0

19

19

14

100.0

2

2

2
27
8
3
5
19

„_8

127

2
5

100.0

100.0
100.0

100.0

100.0
100.0

100.0
100.0

100.0

BANKS




6

94.9

187

153
3k

OPERATING

N e v a d a ...............................
All banks..................................
... Unit banks. . . ^ — ------ Banks operating branches.
Branches..............................

2

6

233

153

139
lk

O
F

N e b r a s k a ...........................
All banks..................................
Unit banks: . . . . . . . . . . . . . .
Banks operating branches.
Branches..................................

2

22

32
22

DEPOSITS

199

125
50

OFFICES, AND

175

289
85

N U M BER ,

374

354
184

Table 102. N u m b e r o f O p e r a t in g B a n k s a n d B r a n c h e s , D e c e m b e r 3 1 , 1 9 4 9 — C o n tin u ed
GROUPED ACCORDING TO INSURANCE STATUS AND CLASS OF BANK, AND B Y STATE AND TYPE OF O FFICE
Commercial and stock savings banks
and nondeposit trust companies

All banks

Insured1
State and type of bank or office
Insured

Non­
Total
insured

Noninsured

Members F . R.
System
Total
National State

78
76
7h
2
2

58
57
56
1
1

52
51
50
1
1

New Jersey...............................................
All banks.................................................
Unit banks..........................................
Banks operating branches................
Branches.................................................

513
355
29U
61
158

509
351
290
61
158

4
4
U

483
332
275
57
151

479
328
271
57
151

New M exico..............................................
All banks.................................................
Unit banks..........................................
Banks operating branches................
Branches.................................................

63
51
U2
9
12

63
51
U2
9
12

63
51
U2
9
12

New Y o r k ..................................................
All banks.................................................
Unit banks..........................................
Banks operating branches................
Branches.................................................

1,620
770
602
168
850

1,610
763
597
166
847

10
7
5
2
3

North C arolina.......................................
All banks.................................................
Unit banks..........................................
Banks operating branches................
Branches.................................................

422
228
170
58
194

418
226
169
57
192

North Dakota..........................................
All banks.................................................
Unit banks..........................................
Banks operating branches................
Branches.................................................

172
150
185
15
22

167
145
130
15
22




1

20

1
1

5
5
5

262
208
183
25
54

155
73
U
9
2U
82

62
47
39
8
15

63
51
U
2
9
12

28
26
2U
2
2

9
9
9

26
16
9
7
10

1,399
640
526
HI*
759

1,389
633
521
112
756

591
382
336
U6
209

667
176
127
U9
491

131
75
58
17
56

10

4
2
1
1
2

422
228
170
58
194

418
226
169
57
192

66
46
38
8
20

27
8
£
u
19

325
172
127
k5
153

5
5
5

172
150
135
15
22

167
145
180
15
22

41
41
hi

2
2
2

124
102
87
15
22

Com­ Mutual
In­
NonAll
mercial savings
sured2 insured banks banks banks

35
34
33
1
1

19
18
1
1

1
1
1

3
3
3

30
23
19
u
7

35
34
33
1
1
30
23
19
U
7

51.3
51.8
52.3
33.3
33.3

74.4
75.0
75.7
50.0
50.0

99.2
98.9
98.6
100.0
100.0

99.2
98.8
98.5
100.0
100.0

100.0

100.0

100.0
100.0
100.0
100.0

100.0
100.0
100.0
100.0

99.4
99.1
99.2
98.8
99.6

99.3
98.9
99.0
98.2
99.6

4
2
1
1
2

99.1
99.1
99 4
98.3
99.0

99.1
99.1
99.U
98.3
99.0

5
5
5

97.1
96.7
96.3
100.0
100.0

97.1
96.7
96.3
100.0
100.0

100.0
100.0
100.0
100.0
100.0

7
5
2
3

221

221

130
76
5b
91

130
76
5k
91

100.0
100.0
100.0
100.0
100.0

C O R PO R ATIO N

55
53
51
2
2

Total

INSURANCE

58
57
56
1
1

Not
Non­
mem­ Banks deposit
bers
of de­
trust
F. R.
posit
com­
System
panies

DEPOSIT

Banks operating branches................
Branches.................................................

113
110
107
3
3

New H am psh ire.....................................

Insured banks
as percentages of—

FEDERAL

Total

Mutual savings banks

879

867

12

876

864

311

252

664

652

12

661

649

183

225

602
50

241

614
50

12

611
50

599
50

165
18

215

215

215

215

227
14

207
18
27

O klahom a................................
All banks................................
Unit banks.........................
Banks operating branches
Branches................................

387

376

387

376

11

301

60

128

200

25

12
12

98.6
98.2
98.0
100.0
100.0

151

386

375

199

25

385
1

198
1

25

151

1

374
1
1

O regon.......................................
All banks................................
Unit banks.........................
Banks operating branches
Branches................................

167

165

166

164

Pennsylvania..........................
All banks................................
Unit banks.........................
Banks operating branches
Branches................................

1,183

1,161

985

917

Rhode Island ..........................
All banks................................
Unit banks.........................
Banks operating branches
Branches................................
South C arolina.....................
All banks................................
Unit banks.........................
Banks operating branches
Branches................................

97.2
97.2
97.1
100.0
100.0

151

11

South D ak o ta........................
All banks................................
Unit banks.........................
Banks operating branches
Branches................................

Texas..........................................
All banks................................
Unit banks.........................
Banks operating branches
Branches................................




1

106

10

48

70

68

20

56
12

17
3

9
8

39

58
12
96

96

86

1
1

8
9

22

1,159

1,137

745

150

242

967

18

978

960

218

15
3

899
61

203
15

194

181

599
34

97
12

4

911
>
64

633

109

902
65

177

112

41

24

4

17

88

52

36

73

52

19

20

15

15

13

15

19

13

8

23
2

10

28

3

5

9

9

14
14

6
7

8
7

7
12

6
7

5
3

7

7

60

39

21

54

39

11

21

192

175

17

192

175

53

10
8

71

69

59

12

57
12

96

2
2
2

96

68
198

151

134

17

151

134

25

137
14

120
14

17

137
14

120
14

217

41

41

41

20

24

24

16

7

7

13
3

3
4

1

21
4
28

41

98.8
97.2
96.6
100.0
100.0

31

’'5
15

112
101
93

17
17

17

8

11

2

6

98.1
98.2
98.U
95.6
98.0

17

59.1
46.4
42.9
50.0
65.0
91.1
88.7
87.6
100.0

100.0

217

55

27

135

100.0

169

169

169

169

35

27

107

143
26

143
26

143
26

143
26

27

85

48

48

31
4

48

48

20

100.0
100.0
100.0
100.0

383

375

8

383

375

118

296

288

8

296

288

266
30

72

258
30

8

266
30

61
11

87

87

87

258
30
87

908

855

53

908

855

445

131

279

903

850

53

903

850

440

131

279

53

896
7

8U
S
7

53

896
7

843
7

433
7

131

279

53

5

5

5

5

5

217

217

46

22

28

22
10

9
1

12

235

97.9
97.3
97.0
100.0
100.0

206

188
18
29
53

94.2
94.1
94.1
100.0
100.0

97.2

97.1
100.0

100.0
98.8

100.0

97.1

100.0
100.0

96.6
100.0

100.0
98.1
98.2
98 4

95.3
97.8

71.2
68.4

85.7
58.3
72.2

91.1
88.7

87.6

100.0

100.0

100.0
100.0
100.0

100.0

100.0
97.9
97.3

97.0
100.0
100.0

100.0
100.0
100.0
100.0
100.0

BANKS

Tennessee................................
All banks................................
Unit banka.........................
Banka operating branches
Branches................................

1

97.2

OPERATING

11

37 U
1

100.0
100.0

98.0
100.0
100.0

O
F

375

885
1
1

100.0

98.2

DEPOSITS

386

98.6

N U M BER , OFFICES, AND

O h io ...........................................
All banks................................
Unit banks.........................
Banks operating branches
Branches................................

94.2
94.1

94.1
100.0
100.0

C
O
C
O

T a b le 1 0 2 .
N u m b e r o f O p e r a t in g B a n k s a n d B r a n c h e s , D e c e m b e r 3 1 , 1 9 4 9 — C on tin u ed
GROUPED ACCORDING TO INSURANCE STATUS AND CLASS OF BANK, AND B Y STATE AND TYPE OF O FFICE
Commercial and stock savings banks
and nondeposit trust companies

All banks

Insured1
Insured

Non­
Total
insured

Total
National State

Com­ Mutual
All
Non­
In­
mercial savings
sured2 insured banks banks banks

100.0

27
11
9
2
16

25
20
18
2
5

26
24
22
2
2

81
70
62
8
11

80
69
61
8
11

41
39
87

1
1
1

38
29
23
6
9

421
312
261
51
109

421
312
261
51
109

174
132
m
18
42

90
72
62
10
18

157
108
85
23
49

3
3
8

255
122
110
12
133

252
119
107
12
133

159
37
29
8
122

20
16
15
1
4

73
66
63
3
7

3
3
3

176
176
176

4
4
U

180
180
180

176
176
176

74
74
U

34
34
8U

68
68
68

4
4
U

696
546
U56
90
150

11

703
552
U61
91
151

693
543
U53
90
150

110

10
9
1
1

75
69
65
U
6

508
379
297
82
129

7
6
5
1
1

Banks operating branches
...........
Branches.................................................
V e rm on t....................................................
All banks.................................................
Unit banks........................................
Banks operating branches ...........
Branches.................................................

97
77
68
9
20

96
76
67
9
20

V irginia......................................................
All banks.................................................
Unit banks..........................................
Banks operating branches................
Branches.................................................

421
312
261
51
109

421
312
261
51
109

W ash in gton .............................................
All banks.................................................
Unit banks..........................................
Banks operating branches................
Branches.................................................

261
125
112
13
136

258
122
109
18
136

W est Virginia..........................................
All banks.................................................
Unit banks..........................................
Banks operating branches................
Branches.................................................

180
180
180

W isconsin.................................................
All banks.................................... ............
Unit banks..........................................
Banks operating branches................
Branches.................................................

707
556
U65
91
151

1
1
1

2

95
91
J
L
15

100.0

100.0
100.0
100.0
100.0

1
1
1

16
7
6
1
9

99.0
98.7
98.5
100.0
100.0

16
7
6
1
9

100.0
100.0
100.0
100.0
98.8
98.6
98.U
100.0
100.0

100.0

3
3
3

98.9
97.6
97.3
100.0
100.0

6

3
2
1
3

3
2
1
3

4
4
u

3
3
3

1
1
1

100.0
100.0
100.0
100.0
98.8
97.5
97.3
100.0
100.0

97.8
97.8
97.8

6

100.0

100.0
100.0
100.0
100.0

97.8
97.8
97.8

98.4
98.2
98.1
98.9
99.3

98.6
98.4
98.3
98.9
99.3

100.0
100.0
100.0
100.0
100.0

100.0
100.0
100.0
100.0
100.0

75.0
75.0
75.0

COR PO R ATIO N

78
55
U9
6
23

78
55
U9
6
23

INSURANCE

78
55
£9
6
23

78
55
U9
6
23




Total

DEPOSIT

U tah ..........................................................

Not
Non­
mem­ Banks deposit
bers
of de­
trust
F. R.
posit
com­
System
panies

FEDERAL

Total

Insured banks
as percentages of—

Noninsured

Members F . R.
System

State and type of bank or office

Mutual savings banks

C
O

W yom ing..................................
All banks..................................
Unit banks...........................
Banks operating branches.
Branches..................................

53
53
53

53
53
53

24
24
n

15
15
15

100.0
100.0
100.0

100.0
100.0
100.0

36.4
26.3
17.6
100.0
100.0

14
14
U

36.4
26.3
17.6
100.0
100.0

1.9
11.1
11>.8

1.9
11.1
llt.3

66.7
50.0

66.7
50.0

100.0
100.0

100.0
100.0

Possessions
8
5
5
2
3

14
14
U

1
1
1

G u a m ...........................................
All banks..................................
Unit banks...........................
Banks operating branches.
Branches..................................

1
1
1

Panam a Canal Z o n e .............
All banks..................................
Unit banks...........................
Banks operating branches.
Branches..................................

4
4
U

4
4
u

1
1
1

1
1
1

5
5
5

4
4
U

.

Puerto R ic o ...............................
All banks..................................
Unit banka...........................
Banks operating branches.
Branches..................................

50
13
7
6
37
2
1

2
1

1
1

1
1

1
1
1

1 Includes 6 trust companies not engaged in deposit banking: 2 State banks members of the Federal Reserve System, 1 each in California and Massachusetts; and 4 State
banks not members of the Federal Reserve System, 1 each in Florida, Missouri, Pennsylvania and Wisconsin.
2 Includes 3 banks members of the Federal Reserve System: 1 in Indiana and 2 in Wisconsin.
* Includes 4 national banks, 3 among insured banks not members of the Federal Reserve System, and 1 among noninsured banks.
4 Includes, among noninsured banks, 1 national bank operating 20 branches.
6 Includes, among insured banks not members of the Federal Reserve System, 1 national bank operating 1 branch.
Back figures: See Annual Report for 1948, pp. 74-81, and earlier reports.




BANKS

Virgin Islands5 ........................
All banks..................................
Unit banks...........................
Banks operating branches.
Branches..................................

48
3
1
2
45

OPERATING

54
9
7
2
45

O
F

53
8
6
2
45

DEPOSITS

Hawaii4........................................
All banks..................................
Unit banks...........................
Banks operating branches.
Branches..................................

OFFICES, AND

Am erican S a m o a ....................
All banks..................................
Unit banks...........................
Banks operating branches.
Branches..................................

N U M BER ,

8
5
3
2
3

Alaska3.........................................
All banks..................................
Unit banks...........................
Banks operating branches.
Branches...................................

CO
Oi

N u m b e r a n d D e p o s it s o f O p e r a t in g B a n k s , D e c e m b e r 3 1 , 1 9 4 9
BANKS GROUPED ACCORDING TO INSURANCE STATUS AND B Y D ISTR ICT AND STATE

T a b le 1 03,

FDIC District
and State

16
3

Number of banks
Commercial and stock savings
banks and nondeposit
trust companies

Deposits (in thousands of dollars)
Commercial and stock savings
banks and nondeposit
trust companies

Mutual savings banks

Mutual savings banks

Noninsured

Total

All
banks
Non­
Banks deposit
trust
posit1
com­
panies

Total

In­
sured

Nonin­
sured

Total

Insured

Noninsured

Total

Insured

Nonin­
sured

704

65

531

192

339 165,244,044 145,950,656 143,194,309

2,756,347 19,293,388 13,591,547

5,701,841

14,156

13,429

667

60

531

192

339 164,467,186 145,173,798 143,137,715

2,036,083 19,293,388 13,591,547

5,701,841

Possessions.........

49

49

7

37

5

1 ..............
23...........
3 ..............
4 ..............
5 ..............
6 ..............
7 ..............
8 ..............
9 ..............
10............
11............
124...........

874
1,180
1,649
1,063
1,016
1,512
1,494
1,554
1,113
1,613
1,126
542

530
1,025
1,639
1,054
1,016
1,512
1,486
1,554
1,112
1,613
1,126
538

463
999
1,609
1,029
939
1,442
1,438
1,478
1,085
1,390
1,071
493

64
23
28
24
75
59
36
72
25
214
54
30

3
3
2
1
2
11
12
4
2
9
1
15

State
Alabama...............
Arizona.................
Arkansas...............
California.............
Colorado...............

225
10
232
206
149

225
10
232
206
149

224
9
221
195
140

10
2
9

1
9

Connecticut.........
Delaware...............
Dist. of Columbia
Florida...................
Georgia.................

189
40
19
193
396

117
38
19
193
396

95
37
19
189
328

21

1

776,858

776,858

56,594

12,748,456
47,831,111
18,594,248
8,213,656
5,334,936
8,501,880
11,328,666
14,672,788
4,629,640
5,911,867
9,182,897
18,293,899

7,316,165
36,091,778
17,295,304
7,815,468
5,334,936
8,501,880
11,273,392
14,672,788
4,471,278
5,911,867
9,182,897
18,082,903

6,938,222
35,319,372
17,218,482
7,680,866
5,303,149
8,447,021
11,098,772
14,537,827
4,348,159
5,703,938
9,063,550
17,534,951

1,201,737
416,062
799,607
13,236,728
1,125,774

1,201,737
416,062
799,607
13,236,728
1,125,774

1,201,689
414,459
796,107
13,186,066
1,119,226

48
1,603
3,500
50,662
6,548

2,827,204
561,832
1,037,781
1,744,193
1,624,290

1,504,560
474,324
1,037,781
1,744,193
1,624,290

1,432,597
472,119
1,037,781
1,736,823
1,608,112

71,963
2,205

720,264

FDIC District
District
District
District
District
District
District
District
District
District
District
District
District




1

1
2
68

344
155
10
9

16
153
10
2

328
2

g

6

2

1

1

4

4

7

1

2

72
2

3

69
2

377,943 ^ 9 9Q1
151,076
772,406 11, (0*9jO O 11,651,825
O
76,822 1,298,944 1,298,944
134,602
398,188
77,931
31,787
54,859
174,620
55,274
42,413
134,961
123,119
158,362
158,362
207,929
119,347
547,952
210,996
210,996

7,370
16,178

1,322,644
87,508

39,259

5,281,215
87,508
320,257
12,861

1,283,385
87,508

CO R POR ATIO N

13,436

14,687

INSURANCE

14,205

United S ta te s ...

DEPOSIT

United States and
possessions.. . 14,736

In­
sured2

FEDERAL

All
banks1

Idaho...................
Illinois.................
Indiana...............
Iowa.....................
Kansas.................

43
890
492
664
610

43
890
488
664
610

42
874
477
604
461

1
13
9
59
149

Kentucky...........
Louisiana............
Maine..................
Maryland...........
Massachusetts. .

386
162
96
173
374

386
162
64
164
184

362
161
54
162
175

21

Michigan............
Minnesota..........
Mississippi.........
Missouri.............
Montana.............

446
683
202
598
111

446
682
202
598
111

418
660
198
571

Nebraska............
Nevada...............
New Hampshire.
New Jersey.........
New Mexico. . . .

415

415
8
76
332
51

361

110
355
51

57
328
51

New York...........
North Carolina..
North Dakota. .
Ohio.....................
Oklahoma...........

770
228
150
664
386

640
228
150
661
386

633
226
145
649
375

Oregon.................
Pennsylvania. . .
Rhode Island. . .
South Carolina..
South Dakota...

71
985
28
151
169

70
978
19
151
169

Tennessee...........
Texas...................
Utah....................
Vermont.............
Virginia...............

296
903
55
77
312

Washington........
West Virginia...
Wisconsin...........
Wyoming............

125
180
556
53

9,033
42,358
18,962
92,603
156,751

1,547,119
1,732,337
674,831
1,976,798
7,374,137

1,547,119
1,732,337
438,894
1,578,610
4,124,928

1,523,163
1,731,514
398,653
1,501,905
4,027,921

23,956
823
40,241
76,705
97,007

5,251,480
2,971,580
764,716
4,209,000
585,914

5,251,480
2,813,218
764,716
4,209,000
585,914

5,107,191
2,795,339
756,525
4,187,488
585,914

144,289
17,879
8,191
21,512

1,265,055
165,830
533,390
5,087,857
324,189

1,265,055
165,830
257,819
4,541,971
324,189

1,226,481
165,830
204,669
4,536,680
324,189

38,574

41,919,980
1,781,644
575,498
7,491,816
1,653,321

30,814,041
1,781,644
575,498
7,254,945
1,653,321

30,306,515
1,744,691
470,258
7,241,641
1,647,265

68
960
13
134
169

1,291,353
11,102,432
1,010,756
654,164
496.648

1,275,848
10,040,359
746,460
654,164
496,648

1,267,945
9,976,841
630,878
644,528
496,648

7,903
63,518
115,582
9,636

296
903
55
70
312

288
850
55
69
312

1,946,154
6,710,309
563.649
328,138
1,859,958

1,946,154
6,710,309
563,649
243,504
1,859,958

1,940,263
6,593,388
563,649
243,504
1,859,958

5,891
116,921

122

119
176
543
53

2,092,134
903,311
2,969,292
256,084

1,896,643
903,311
2,956,915
256,084

1,879,169
892,003
2,945,546
256,084

17,474
11,308
11,369

76,185
1,292
19,488
391,410

76,185
1,292
19,488
391,410

39,931

36,254

12,605

19,488
378,805

27,041
257,384
4,058

27,041
257,384
4,058

1

32
9
190

26
7
190

111
8

47
23
130

130

i Includes 31 noninsured banks of deposit (20 in Georgia, 3 in Iowa, 3 in Michigan 4 in Texas and 1 in
' Includes Puerto
1 eaCh ta Ca'“
’
* Includes Alaska, American Samoa, Guam, Hawaii, and the Panama Canal Zone.
Back figures: See the Annual Report for 1948, pp. 82-83, and earlier reports.




Massachusetts,

12,501

'235,937
398,188
3,249,209

27,183
77,931

208,754
320,257
3,249,209

158,362

158,362

275,571
545,886

545,886

275,571

507,526 11,105,939 11,105,939
36,953
105,240
13,304
236,871
236,871
6,056
15,505
1,062,073
264,296

15,505
1,062,073

84,634

84,634

195,491

195,491

12,377

12,017

264,296

360

B,

Possession
Alaska.................
American Samoa
Guam...................
Hawaii.................
Panama Canal
Zone.................
Puerto Rico. . . .
Virgin Islands...

53,150
5,291

30,396

O
F

180
552
53

1

10

42,897

OPERATING

419,756
12,395,721
3,046,035
2,142,106
1,454,882

DEPOSITS

428,789
12,438,079
3,064,997
2,234,709
1,611,633

OFFICES, AND

8

428,789
12,438,079
3,107,894
2,234,709
1,611,633

...........4,058
Virmr,

1 9Q 9

27,041
257,384
a—

I-------TTT------------avlutobto-

Sj

A

ssets a n d

L ia b il it ie s

of

O p e r a t in g B a n k s

Table 104. Assets and liabilities of operating banks in the United States and possessions,
June 30, 1949
Banks grouped according to insurance status and type of bank

Table 105. Assets and liabilities of operating banks in the United States and possessions,
December 31, 1949
Banks grouped according to insurance status and type of bank

Table 106. Assets and liabilities of all operating banks in the United States and possessions,
December 31, 1949
Banks grouped by district and State

Table 107. Assets and liabilities of operating insured banks, December 31, 1949, June 30,
1949, and December 31, 1948




The data in these tables relate to banks operating in the United
States and possessions. Data from the same tabulations for all operating
banks in each State are published in the Federal Reserve Bulletin
as follows:
November 1949 issue, pp. 1362-63;
June 1950 issue, pp. 700-01.

Sources of data

National banks and State banks in the District of Columbia not
members of the Federal Reserve System: Office of the Comptroller of
the Currency.
State banks members of the Federal Reserve System: Board of
Governors of the Federal Reserve System.
Other insured banks: Federal Deposit Insurance Corporation.
Noninsured banks: State banking authorities; Rand McNally Bankers
Directory; and Polk’s Bankers Encyclopedia.

BANKS




OPERATING

Since June 30, 1942, demand balances with and demand deposits
due to banks in the United States, except private banks and American
branches of foreign banks, exclude reciprocal interbank deposits.
Reciprocal interbank deposits arise when two banks maintain deposit
accounts with each other.

O
F

In the case of banks with one or more domestic branches, the assets
and liabilities reported are consolidations of figures for the head office
and all domestic branches. In the case of a bank with foreign branches,
net amounts due from its own foreign branches are included in “ Other
assets” , and net amounts due to its own foreign branches are included
in “ Other liabilities” .

Asset and liability data for noninsured banks are tabulated from
reports pertaining to the individual banks. In a few cases these reports
are not as detailed as those submitted by insured banks, and some of
the items reported have been allocated to more detailed categories
according to the distribution of asset and liability data for insured
State banks not members of the Federal Reserve System or for other
noninsured banks.

LIABILITIES

Assets and liabilities held in or administered by a savings, bond,
insurance, real estate, foreign, or any other department of a bank,
except a trust department, are consolidated with the respective assets
and liabilities of the commercial department. “ Deposits of individuals,
partnerships, and corporations” include trust funds deposited by a trust
department in a commercial or savings department. Other assets held
in trust are not included in statements of assets and liabilities.

Total deposits shown in these tables are not the same as the deposits
upon which assessments paid to the Federal Deposit Insurance Cor­
poration are based. The assessment base is slightly lower due to certain
deductions which may be claimed.

AND

Statements of assets and liabilities are submitted by insured com­
mercial banks upon either a cash or an accrual basis, depending upon
the bank’s method of bookkeeping. Assets reported represent aggregate
book value, on the date of call, less valuation and premium reserves.

ASSETS

For June 30, 1949
For December 31, 1949

Beginning with June 30, 1948, individual loan items have been
reported gross instead of net of valuation reserves. Accordingly, re­
serves for losses on loans under the provisions of Mimeograph 6209
issued by the Bureau of Internal Revenue in December 1947 and other
loan valuation reserves have been shown separately.
Instalment loans are ordinarily reported net if the instalment pay­
ments are applied directly to the reduction of the loan. Such loans are
reported gross if, under contract, the payments do not immediately
reduce the unpaid balances of the loan but are assigned or pledged to
assure repayment at maturity.

T a b le 1 0 4 .

A s s e t s a n d L i a b i l i t i e s o f O p e r a t in g B a n k s in 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 io n s , J u n e 30 , 1 9 4 9
BAN KS GROUPED ACCORDING TO INSURANCE STATUS AND TYPE OF B ANK

(Amounts in thousands of dollars)
Commercial and stock savings banks and
nondeposit trust companies

All banks

Mutual savings banks

Noninsured
Asset, liability, or capital account item
Total

Insured

Insured1

9,782,663 150,565,657 147,216,367

Banks
of
deposit

3,161,043

Nondeposit
trust
com­
panies2

Total

Insured

188,247 21,104,998 14,671,625

Non­
insured

6,433,373

34,320,820
2,130,069

33,731,946
2,038,588

540,241
90,316

48,633
1,165

799,825
96,767

629,028
70,329

170,797
26,438

17,807,784
8,066,529
263,323
18,359
6,096,062

576,490
11,825
8,136
45,301

17,806,625
8,192,484
43,096
26,495
6,122,051

17,806,625
7,748,380
37,400
18,359
6,082,594

397,536
5,602
8,136
38,651

46,568
94

1,159
450,535
232,052

1,159
318,149
225,923

132,386
6,129

19,312

13,468

.........5,844

Securities— to ta l..................................................... 87,173,088
U. S. Government obligations, direct and
guaranteed.......................................................... 75,198,579
6,027,407
Obligations of States and subdivisions............
5,430,587
Other bonds, notes, and debentures3...............
516,515
Corporate stocks....................................................

80,726,682

6,446,406

73,129,093

71,243,147

1,789,528

96,418 14,043,995

9,483,535

4,560,460

69,927,921
5,829,029
4,650,024
319,708

5,270,658
198,378
780,563
196,807

63,541,276
5,950,613
3,276,311
360,893

61,988,221
5,765,550
3,181,481
307,895

1,491,332
171,826
88,179
38,191

61,723 11,657,303
13,237
76,794
6,651 2,154,276
14,807
155,622

7,939,700
63,479
1,468,543
11,813

3,717,603
13,315
685,733
143,809

Loans and discounts, net— to ta l..................... 47,366,715
685,172
Valuation reserves4....................................................
Loans and discounts, gross— to ta l................. 48,051,887
Commercial and industrial loans....................... 16,582,800
Loans to farmers directly guaranteed by the
549,066
Commodity Credit Corporation
Other loans to farmers (excluding loans on
2,291,704
real estate)..........................................................
1,984,158
Loans to brokers &nd dcfllcrs in securities. . . .
950,041
Other loans for carrying securities....................
Real estate loans:
939,690
On farm land......................................................
On residential properties................................. 13,327,343
3,026,538
On other properties...........................................
7,333,021
Other loans to individuals..................................
99,270
Loans to banks.......................................................
968,256
All other loans (including overdrafts).............

44,932,105
666,127
45,598,232
16,316,842

2,434,610
19,045
2,453,655
265,958

41,316,414
455,760
41,772,174
16,545,869

40,535,377
453,930
40,989,307
16,295,925

756,649
1,795
758,444
247,231

24,388
35
24,423
2,713

6,050,301
229,412
6,279,713
36,931

4,396,728
212,197
4,608,925
20,917

1,653,573
17,215
1,670,788
16,014

160

1,066

851

215

5,182

2,035

610

1,425

820
38,874
27,942
21,520
11,149 5,108,382 3,724,479
148,161
1,887 1,026,396
800,673
43,608
1,530
30,041
98,940
60,171
119
38,818 ...........982 ........ 5,858' ........ 3,412

10,932
1,383,903
225,723
30,130

2,010,207
1,155,664
118,677
735,866

Miscellaneous assets— to ta l..............................
Bank premises owned, furniture and fixtures.
Other real estate— direct and indirect.............
All other miscellaneous assets............................
FRASER

Digitized for


532,666

16,400

549,066

532,666

16,400

2,201,888
1,971,913
901,473

89,816
12,245
48,568

2,290,638
1,984,158
948,006

2,201,037
1,971,913
900,863

89,441
12,245
41,961

906,418
11,784,130
2,755,320
7,202,421
99,151
926,010

33,272
1,543,213
271,218
130,600
119
42,246

900,816
8,218,961
2,000,142
7,272,850
99,270
962,398

878,476
8,059,651
1,954,647
7,172,380
99,151
922,598

1,868,231
1,106,793
100,655
660,783

141,976
48,871
18,022
75,083

1,799,330
1,053,322
104,350
641,658

1,705,897
1,028,038
89,858
588,001

...........806

74,625
20,038
5,818
48,769

18,808
5,246
8,674
4,888

210,877
102,342
14,327
94,208

162,334
78,755
10,797
72,782

........ 2,446
48,543
23,587
3,530
21,426

CO R PO R ATIO N

759,671
117,919

INSURANCE

34,360,974
2,108,917

DEPOSIT

Cash, balances with other banks, and cash
collection item s— to ta l................................ 35,120,645
2,226,836
Currency and coin.................................................
Reserve with Federal Reserve banks (member
17,807,784
8,643,019
Demand balances with banks in U. S ..............
275,148
Other balances with banks in U. S...................
26,495
Balances with banks in foreign countries. . . .
6,141,363
Cash items in process of collection...................

Total

FEDERAL

T otal asse ts................................................................... 171,670,655 161,887,992

Non­
insured

9,782,663 150,565,657 147,216,367

3,161,043

188,247 21,104,998 14,671,625

6,433,373

Deposits of individuals, partnerships, and
corporations— to ta l...................................... 132,615,060 124,832,315
Demand.................................................................... 78,399,409 77,029,872
Tim e......................................................................... 54,215,651 47,802,443

7,782,745 113,674,703 111,598,463
1,369,537 78,388,633 77,020,805
6,413,208 35,286,070 34,577,658

2,007,465
1,299,112
708,353

68,775 18,940,357 13,233,852
9,067
10,776
68,716
59 18,929,581 13,224,785

5,706,505
1,709
5,704,796

3,727

2,522

1,205

4,697
1,840
49
662
2,146

3,490
1,171
49
662
1,608

1,207
669

697
45
652

687
45
642

10
10

LIABILITIES

68,877 18,949,478 13,240,551
13,1*67
17,050
68,818
59 18,932,4-28 13,227,081*

5,708,927
3,583
5,705,31*1*

O
F

49,895
1,151
48,744

41,070
210
40,860

91,813 19,040,443 13,290,446

5,749,997

96,434
150
37,514
32,140 ' i , 400,493
659,206
26,630

1,381,179
4,856

683,376

i , 027,611
348,712

372,882
310,494

530

191

339

2,355,090

32,731

2,384,094

2,352,568

31,526

11,278,272
2,207,144
159,310
7,555,585
1,356,233

10,884,421
2,140,382
157,309
7,342,126
1,244,604

393,851
66,762
2,001
213,459
111,629

11,273,575
2,205,304
159,261
7,554,923
1,354,087

10,880,931
2,139,211
157,260
7,341,464
1,242,996

392,542
66,090
2,001
213,360
111,091

Interbank and postal savings deposits—
t o t a l.....................................................................
Banks in the United States— demand.............
Banks in the United States— time...................
Banks in foreign countries— demand...............
Ranlrc in fnroicrn p m l n f r i t i tyip
Pnofol oqvinore

10,958,071
9,214,527
212,876
1,406,354
117,734
6,580

10,585,077
9,058,249
29,349
1,373,799
117,734
5,946

372,994
156,278
183,527
32,555

10,957,374
9,214,482
212,224
1,406,354
117,734
6,580

10,584,390
9,058,204
28,707
1,373,799
117,734
5,946

372,984
156,278
183,517
32,555

8.582.321 138,289,746 135,416,352
1.871.322 101,153,790 99,286,051
6,710,999 37,135,956 36,130,301

2,804,517
1,798,921
1,005,596

1,345,851
26,605
1,319,246

49,976
6,420
43,556

8,696,303 139,708,509 136,762,203

2,854,493

Total deposits................................................. 157,239,224 148,656,903
Demand............................................................ 101,170,81*0 99,299,518
Time................................................................. 56,068,38)+ 1*9,357,385
Miscellaneous liabilities— to ta l.......................
Rediscounts and other borrowed money........
All other miscellaneous liabilities.....................

1,509,728
35,306
1,474,422

1,395,746
27,756
1,367,990

T otal liabilities (excluding capital
a c c o u n ts)...................................................... 158,748,952 150,052,649

634

113,982
7,550
106,432

1,418,763
33,945
1,384,818

102
3
99

538

634

12,921,703
124,018
3,402,141
6,098,060
3,297,484

11,835,343
102,060
3,270,925
5,579,755
2,882,603

1,086,360
21,958
131,216
518,305
414,881

10,857,148
119,162
3,402,141
4,697,567
2,638,278

10,454,164
97,204
3,270,925
4,552,144
2,533,891

306,550
21,808
93,702
113,283
77,757

Number of banks5..........................................................

14,729

13,614

1,115

14,199

13,423

709

90,965
1,361
89,604

2,064,555
4,856

67

1 Includes 6 trust companies not engaged in deposit banking having total capital accounts of $15,797,000 and total assets of $16,806,000.
2 Amounts shown as deposits are special accounts and uninvested trust funds, with the latter classified as demand deposits of individuals, partnerships, and corporations.
3 Includes obligations of United States Government corporations and agencies, not guaranteed by the United States Government.
4 Reserves for losses on loans authorized by the Bureau of Internal Revenue for income tax purposes and other valuation reserves.
5 Includes 32 noninsured banks of deposit for which asset and liability data are not available.
Back figures: See the Annual Report for 1948, pp. 86-91, and earlier reports.
^




BANKS

Capital accounts— to ta l......................................
Preferred capital....................................................
Common stock.......................................................
Surplus.....................................................................
Undivided profits and reserves..........................

22,936
920
22,016

OPERATING

2,387,821

Governm ent deposits— to ta l.............................
United States Government— demand..............
United States Government— time....................
States and political subdivisions— demand. . .
States and political subdivisions— time...........

AND

Certified and officers’ checks, cash letters
of credit and travelers’ checks ou t­
standing, and am ounts due to Federal
Reserve b a n k s.................................................

ASSETS

T otal liabilities and capital accounts............... 171,670,655 161,887,992

T a b le 1 05.

A s s e t s a n d L i a b i l i t i e s o f O p e r a t in g 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 io n s , D e c e m b e r 3 1 , 1 9 4 9
BANKS GROUPED ACCORDING TO INSURANCE STATUS AND TYPE OF BANK
(Amounts in thousands of dollars)
Commercial and stock savings banks and
nondeposit trust companies

All banks

Mutual savings banks

Noninsured
Asset, liability, or capital account item
Total

Insured

Insured1

Banks
of
deposit

9,664,337 158,550,215 155,318,889

3,036,838

Nondeposit
trust
com­
panies2

Total

Insured

194,488 21,492,898 15,059,887
58,290
1,272

Non­
insured

6,433,011

682,026
79,852

190,580
29,719

961
515,423
222,338

961
368,081
216,164

147,342
6,174

771,662
117,583

35,803,188
2,075,685

35,222,106
1,987,821

522,792
86,592

16,428,505
10,398,058
265,383
50,750
7,347,842

16,428,505
9,806,738
254,070
41,713
7,305,433

591,320
11,313
9,037
42,409

16,427,544
9,882,635
43,045
50,750
7,323,529

16,427,544
9,438,657
37,906
41,713
7,288,465

387,371
56,607
39
5,100
9,037
34,692 ...........372

Securities— to ta l..................................................... 91,436,224
U . S. Government obligations, direct and
guaranteed.......................................................... 78,753,673
6,657,230
Obligations of States and subdivisions............
5,505,232
Other bonds, notes, and debentures®...............
520,089
Corporate stocks....................................................

85,218,549

6,217,675

77,613,988

75,824,222

1,697,779

91,987 13,822,236

9,394,327

4,427,909

73,679,157
6,478,189
4,738,594
322,609

5,074,516
179,041
766,638
197,480

67,325,586
6,570,991
3,354,362
363,049

65,847,210
6,402,782
3,261,461
312,769

1,420,155
154,719
86,636
36,269

58,221 11,428,087
86,239
13,490
6,265 2,150,870
157,040
14,011

7,831,947
75,407
1,477,133
9,840

3,596,140
10,832
673,737
147,200

Loans and discounts, net— to ta l..................... 49,828,162
787,270
Valuation reserves4....................................................
Loans and discounts, gross— to ta l................. 50,615,432
Commercial and industrial loans....................... 17,195,434
Loans to farmers directly guaranteed by the
X j\)\j O yO U U
Commodity Credit Corporation....................
Other loans to farmers (excluding loans on
2,071,314
real estate)............................ ; ..........................
1 1X j O l O 7
1 7fi^ f 1*>
9
Loans to brokers and dealers in securities.. . .
895,241
Other loans for carrying securities....................
Real estate loans:
945,643
On farm land ...................................................
On residential properties................................. 14,244,776
3,159,209
On other properties...........................................
8,158,907
Other loans to individuals...................................
98,112
1,080,117
All other loans (including overdrafts).............

47,312,970
766,442
48,079,412
16,959,727

2,515,192
20,828
2,536,020
235,707

43,250,106
550,330
43,800,436
17,160,601

42,498,666
548,034
43,046,700
16,939,200

725,019
2,232
727,251
219,732

26,421
64
26,485
1,669

6,578,056
236,940
6,814,996
34,833

4,814,304
218,408
5,032,712
20,527

1,763,752
18,532
1,782,284
14,306

2,102,933
1,172,910
118,421
811,602

,

Miscellaneous assets— to ta l..............................
Bank premises owned, furniture and fixtures.
Other
estate— direct and indirect.............
FRASER realmiscellaneous assets............................
All other

Digitized for


975,832

27,690

1,003,522

975,832

83,033
14,551
39,853

2,070,126
1,763,157
893,274

1,987,280
1,748,606
854,781

82,745
14,551
33,071

914,354
12,576,193
2,895,101
8,039,973
97,913
1,028,044

31,289
1,668,583
264,108
118,934
199
52,073

908,203
8,675,934
2,060,246
8,095,066
98,112
1,072,195

885,617
8,513,089
2,014,215
8,007,054
97,913
1,023,113

1,943,125
1,124,749
100,349
718,027

159,808
48,161
18,072
93,575

1,882,933
1,070,288
107,462
705,183

1,773,895
1,046,151
93,224
634,520

16,968 .........7,345

27,690

1,988,281
1,748,606
855,388

24,313

101

1,188

1,001

187

5,422

1,967

607

1,360

20,958
149,636
43,712
87,342
199
47,615

1,628
13,209
2,319
670

37,440
5,568,842
1,098,963
63,841

28,737
4,063,104
880,886
32,919

8,703
1,505,738
218,077
30,922

1,467

7,922

4,931

2,991

91,248
18,964
5,935
66,349

17,790
5,173
8,303
4,314

220,000
102,622
10,959
106,419

169,230
78,598
7,125
83,507

50,770
24,024
3,834
22,912

CO R PO R ATIO N

35,904,132
2,067,673

INSURANCE

872,606
109,571

36,675,794
2,185,256

Reserve with Federal Reserve banks (member
V
isirtlrc^
Demand balances with banks in U . S .............
Other balances with banks in U . S...................
Balances with banks in foreign countries. . . .
Cash items in process of collection...................

DEPOSIT

Gash, balances with other banks, and cash

Total

FEDERAL

T otal a ssets................................................................... 180,043,113 170,378,776

Non­
insured

T o t a l lia b ilitie s a n d c a p it a l a c c o u n t s ........... 180,043,113 170,378,776

9,664,337 158,550,215 155,318,889

3,036,838

194,488 21,492,898 15,059,887

6,433,011

D e p o s its o f in d iv id u a ls , p a rtn e rsh ip s, an d
co rp o ra tio n s— t o t a l ............................. 137,869,889 130,172,268
Demand.................................................................... 83,454,342 82,138,607
Tim e......................................................................... 54,415,547 48,033,661

7,697,621 118,588,734 116,590,911

1,922,700

75,123 19,281,155 13,581,357

5,699,798

1,315,735
6,381,886

1,239,787
682,913

9,878
74,073
11,753
1,050 19,269,402 13,571,479

1,875
5,697,923

2,366,726

2,338,307

28,379

40

4,030

3,352

678

12,266,803

11,889,661

377,101

41

7,816

6,461

1,355

3,137,518
180,492
7,613,401
1,343,208

3,056,587
178,121
7,425,023
1,236,391

80,931
2,371
188,378
106,817

3,134,751
180,234
7,612,175
1,339,643

3,054,607
177,863
7,423,797
1,233,394

80,141
2,371
188,340
106,249

3

2,767
258
1,226
3,565

1,980
258
1,226
2,997

787

12,728,780

12,375,807

352,973

12,728,393

12,375,430

352,963

387

377

10

11,053,514
182,218
1,346,294
139,398
7,356

10,884,885
29,539
1,315,270
139,398
6,715

168,629
152,679
31,024

11,053,479
181,866
1,346,294
139,398
7,356

10,884,850
29,197
1,315,270
139,398
6,715

168,629
152,669
31,024

35
352

35
342

10

8,458,188 145,950,656 143,194,309
1,813,79 k 108,956,01k 107,1k5,560
6,6kk,39k 36,99k,6k2 36,0k8,7k9

2,681,143
1,736,300
9kk,8k3

75,204 19,293,388 13,591,547
19,811
16,k71
7k,15k
1,050 19,273,577 13,575,076

5,701,841
3, SkO
5,698,501

T o t a l d e p o s it s ..................................... 165,244,044 156,785,856
Demand............................................................ 108,975,825 107,162,031
Time................................................................. 56,268,219 U9,623,825
M is c e lla n e o u s lia b ilitie s — t o t a l .................
Rediscounts and other borrowed money.........
All other miscellaneous liabilities......................

1,633,479
27,195
1,606,284

1,524,711
14,154
1,510,557

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 s )......................................... 166,877,523 158,310,567
13,165,590

Number of banks5..........................................................

108,768
13,041
95,727

1,555,850

1,475,881
14,154

641

1,461,727

56,464
11,013
45,451

8,566,956 147,506,506 144,670,190

2,737,607

27,168
1,528,682

1,097,381

117,848

12,068,209
96,093

21,755

112,515

3,430,883

3,304,729

126,154

3,430,883

6,385,199
3,231,660

5,863,498
2,803,889

521,701
427,771

14,736

13,628

1,108

11,043,709

10,648,699
90,760

568

299,231

23,505
2,001

77,629

21,504

77,602

48.830

28,799

48.830

27
28,772

98,709 19,371,017 13,640,377

5,730,640

4,948,001

3,304,729
4,803,154

21,605
89,290
112,597

95,779
150
36,864
32,250

2,552,310

2,450,056

75,739

26,515

14,205

13,436

704

65

27

2,121,881
5,333

1,419,510
5,333

702,371

i , 437,198
679,350

i , 060,344
353,833

376,854
325,517

192

339

531 1

1 Includes 6 trust companies not engaged in deposit banking having total capital accounts of $15,932,000 and total assets of $17,076,000.
2 Amounts shown as deposits are special accounts and uninvested trust funds, with the Latter classified as demand deposits of individuals, partnerships, and corporations.
3 Includes obligations of United States Government corporations and agencies, not guaranteed by the United States Government.
4 Reserves for losses on loans authorized by the Bureau of Internal Revenue for income tax purposes and other valuation reserves.
6 Includes 31 noninsured banks of deposit for which asset and liability data are not available.
Back figures: See the preceding table and the Annual Report for 1948, pp. 86-91, and earlier reports.
^




BANKS

C a p it a l a c c o u n ts — t o t a l.............................
Preferred capital....................................................
Common stock........................................................
Surplus.....................................................................
Undivided profits and reserves...................

641

38

OPERATING

29,097
378,497

O
F

2,341,659
11,896,122

LIABILITIES

In t e r b a n k a n d p o sta l sa v in g s d e p osits—
t o t a l ....................................................
Banks in the United States— demand.............
Banks in the United States— time...................
Banks in foreign countries— demand...............
Banks in foreign countries— time.....................
Postal savings.........................................................

2,370,756
12,274,619

AND

G o v e rn m e n t d e p osits— t o t a l......................
United States Government— demand..............
United States Government— time....................
States and political subdivisions— demand...
States and political subdivisions— time...........

82,128,729
34,462,182

ASSETS

C e rtified a n d officers* ch ecks, c a s h letters
o f cre dit a n d travelers’ ch e ck s o u t ­
sta n d in g , a n d a m o u n t s d u e to Federal
Reserve b a n k s .....................................

83,442,589
35,146,145

00

T a b le 1 06.

A s s e t s a n d L i a b i l i t i e s o f A l l O p e r a t in g B a n k s i n 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 3 1 , 1 9 4 9

14
4

BANKS GROUPED BY DISTRICT AND STATE
(Amounts in thousands of dollars)
Assets
District and State

Number
of banks1

Liabilities and capital accounts
Deposits

Cash and
due from
banks

U . S. Gov­
ernment
obligations

Loans, dis­
Other
counts, and
securities overdrafts

Miscel­
laneous
assets

Total
Govern­
ment3

Inter­
bank4

Miscel­
laneous
liabilities

Total
capital
accounts

14,736 36,675,794

78,753,673 12,682,551 49,828,162

2,102,933 180,043,113 140,240,645 12,274,619 12,728,780

1,633,479 13,165,590

United S tates...................

14,687 36,522,414

78,432,942 12,621,225 49,543,521

2,049,995 179,170,097 139,666,676 12,084,003 12,716,507

1,614,502 13,088,409

Possessions........................

320,731

1 .........................
25........................
3 .........................
4 .........................
5 .........................
6 .........................
7 .........................
8 .........................
9 .........................
10.......................
11.......................
12®.....................

874
1,180
1,649
1,063
1,016
1,512
1,494
1,554
1,113
1,613
1,126
542

1,812,330
9,857,298
3,882,075
2,032,019
1,506,260
2,375,210
2,426,866
3,611,126
1,010,285
1,672,896
2,937,345
3,552,084

6,970,327
23,674,811
9,201,051
3,851,944
2,172,118
3,390,738
5,898,979
7,456,298
2,321,344
2,533,179
3,338,111
7,944,773

State
Alabama..............................
Arizona................................
Arkansas..............................
California............................
Colorado..............................

225
10
232
206
149

327,387
76,836
257,878
2,447,206
306,634

471,093
158,434
334,960
5,707,987
540,856

113,681
32,677
66,144
902,436
47,405

Connecticut........................
Delaware.............................
District of Columbia........
Florida.................................
Georgia................................

189
40
19
193
396

397,631
110,313
275,880
483,962
475,329

1,542,821
252,126
491,093
871,537
554,167

Idaho....................................
Illinois..................................
Indiana................................
Iowa......................................
Kansas..................................

43
890
492
664
610

84,212
3,111,027
725,258
500,099
411,184

200,523
6,473,580
1,658,205
982,718
661,081

61,326

284,641

52,938

873,016

573,969

190,616

12,273

18,977

77,181

District
District
District
District
District
District
District
District
District
District
District
District

1,192,098 4,055,952
3,499,716 15,471,992
2,035,447 5,034,376
508,900 2,405,214
426,554 1,573,482
567,176 2,711,154
795,388 2,866,680
1,113,080 3,411,354
353,022 1,226,030
405,063 1,667,479
525,076 2,840,210
1,261,031 6,564,239

172,908
755,899
239,961
114,263
66,082
76,054
99,552
108,808
34,690
37,629
128,062
269,025

14,203,615
53,259,716
20,392,910
8,912,340
5,744,496
9,120,332
12,087,465
15,700,666
4,945,371
6,316,246
9,768,804
19,591,152

11,775,764
41,105,247
16,432,811
6,865,697
4,276,236
6,550,758
9,935,296
12,029,591
3,800,171
4,705,998
6,916,326
15,846,750

571,635
2,058,305
1,242,903
753,220
622,044
728,834
972,990
1,215,154
475,027
723,544
1,106,283
1,804,680

401,057
4,667,559
918,534
594,739
436,656
1,222,288
420,380
1,428,043
354,442
482,325
1,160,288
642,469

109,601
829,286
108,035
61,358
34,761
41,602
55,542
84,352
24,306
20,182
54,456
209,998

1,345,558
4,599,319
1,690,627
637,326
374,799
576,850
703,257
943,526
291,425
384,197
531,451
1,087,255

370,233
167,336
191,849
4,946,618
300,377

14,558
7,930
5,099
189,574
6,939

1,296,952
443,213
855,930
14,193,821
1,202,211

982,608
355,853
657,313
11,503,648
968,913

148,175
56,224
81,294
1,264,078
75,240

70,954
3,985
61,000
469,002
81,621

8,110
4,235
2,046
185,667
4,698

87,105
22,916
54,277
771,426
71,739

336,714
99,581
43,665
109,540
84,689

816,001
162,187
285,398
380,034
627,509

41,677
5,953
19,623
24,191
20,449

3,134,844
630,160
1,115,659
1,869,264
1,762,143

2,688,322
482,584
957,521
1,390,451
1,298,369

101.443
74^606
23,991
219,665
147,936

37.439
4^642
56,269
134,077
177,985

17,915
3,511
7,117
8,100
16,412

289,725
64,817
70,761
116,971
121,441

11,672
922,921
177,925
190,159
133,608

152,703
2,711,010
730,621
700,344
502,953

3,426
95,137
24,191
13,671
9,029

452,536
13,313,675
3,316,200
2,386,991
1,717,855

357,931
10,146,477
2,647,946
1,883,114
1,235,373

65,084
980,053
343,324
235,101
292,272

5,774
1,311,549
116,624
116,494
83,988

1,860
81,108
12,689
3,244
3,717

21,887
794,488
195,617
149,038
102,505




CO R PO R ATIO N

153,380

INSURANCE

49

FDIC District

DEPOSIT

United States and pos­
sessions ..........................

FEDERAL

Business
and
personal2

386
162
96
173
374

413,371
506,900
97,300
390,942
1,074,888

701,087
752,812
364,949
1,161,232
4,123,350

68,027
147,145
73,633
135,822
592,421

476,240
409,716
214,462
440,482
2,328,428

11,686
25,944
6,097
30,634
100,648

1,670,411
1,842,517
756,441
2,159,112
8,219,735

1,273,633
1,235,982
636,895
1,727,400
6,687,439

118,370
277,267
29,475
150,662
354,426

155,116
219,088
8,461
98,736
332,272

7,130
16,487
5,214
11,023
69,309

116,162
93,693
76,396
171,291
776,289

Michigan..............................
Minnesota...........................
Mississippi..........................
Missouri...............................
Montana..............................

446
683
202
598
111

1,089,464
665,394
219,582
1,177,660
146,107

2,683,483
1,374,533
275,321
1,645,710
325,646

391,872
257,660
118,644
284,747
26,850

1,386,802
872,813
195,706
1,365,379
110,720

48,616
24,391
6,884
35,237
4,191

5,600,237
3,194,791
816,137
4,508,733
613,514

4,617,690
2,436,220
604,808
3,148,697
471,004

456,628
234,460
106,268
338,227
83,029

177,162
300,900
53,640
722,076
31,881

35,099
19,185
2,139
21,663
1,888

313,658
204,026
49,282
278,070
25,712

Nebraska.............................
Nevada................................
New Hampshire.................
New Jersey..........................
New Mexico........................

415
8
110
355
51

333,386
30,280
64,358
822,750
100,704

586,290
83,516
255,925
2,734,800
122,833

84,239
8,952
66,207
581,785
10,856

335,791
51,966
211,256
1,297,057
104,508

8,511
2,188
4,295
75,086
2,912

1,348,217
176,902
602,041
5,511,478
341,813

1,037,293
141,730
506,018
4,648,007
251,706

87,750
22,951
19,720
386,692
60,840

140,012
1,149
7,652
53,158
11,643

3,182
1,164
2,106
29,039
705

79,980
9,908
66,545
394,582
16,919

New York............................
North Carolina..................
North Dakota....................
Ohio......................................
Oklahoma............................

770
228
150
664
386

8,880,777
495,092
93,761
1,579,124
544,808

20,588,463
705,537
364,071
3,758,801
629,901

2,778,988 13,900,561
144,708
561,375
39,209
110,456
567,798 2,041,980
128,052
462,058

650,444
21,369
2,786
73,674
11,463

46,799,233
1,928,081
610,283
8,021,377
1,776,282

35,815,626
1,355,418
458,639
6,563,626
1,255,477

1,502,108
204,798
105,499
624,527
234,805

4,602,246
221,428
11,360
303,663
163,039

778,910
21,136
1,817
40,181
7,789

4,100,343
125,301
32,968
489,380
115,172

Oregon..................................
Pennsylvania......................
Rhode Island......................
South Carolina...................
South Dakota.....................

71
985
28
151
169

275,116
2,302,951
132,867
187,848
105,023

600,509
5,442,250
579,583
286,026
257,094

106,583
1,467,649
97,660
52,344
29,303

379,815
2,992,396
296,850
167,955
132,041

20,545
166,287
15,999
4,766
3,322

1,382,568
12,371,533
1,122,959
698,939
526,783

1,126,303
9,869,185
943,640
550,373
434,308

130,818
618,376
53,487
82,920
52,039

34,232
614,871
13,629
20,871
10,301

7,590
67,854
13,031
3,194
1,416

83,625
1,201,247
99,172
41,581
28,719

Tennessee............................
Texas....................................
Utah......................................
Vermont..............................
Virginia................................

296
903
55
77
312

526,301
2,252,905
141,822
45,286
470,492

708,981
2,304,032
235,760
103,699
760,726

148,258
334,398
25,600
25,463
87,282

677,686
2,158,650
193,451
188,955
676,930

24,032
91,276
5,019
4,192
26,783

2,085,258
7,141,261
601,652
367,595
2,022,213

1,471,115
5,072,785
457,027
313,450
1,515,109

190,943
711,952
61,650
13,084
185,763

284,096
925,572
44,972
1,604
159,086

10,763
33,029
2,468
2,026
13,703

128,341
397,923
35,535
37,431
148,552

Washington.........................
West Virginia.....................
Wisconsin............................
Wyoming.............................

125
180
556
53

463,526
211,765
612,144
76,884

895,169
447,330
1,557,291
115,051

183,824
45,079
225,591
11,759

667,232
273,074
749,257
66,300

19,751
11,088
26,745
1,687

2,229,502
988,336
3,171,028
271,681

1,845,172
759,876
2,669,660
208,942

164,382
105,086
173,038
33,477

82,580
38,349
126,594
13,665

10,098
5,185
7,754
796

127,270
79,840
193,982
14,801

OPERATING

Possession
Alaska..................................
American Samoa...............
Guam....................................
Hawaii..................................
Panama Canal Zone.........
Puerto Rico........................
Virgin Islands.....................

19
1
1
9
4
13
2

25,022
264
2,650
79,772
2,214
42,628
830

33,179
1,129
17,056
166,160
3,785
97,052
2,370

2,380

19,964
19
419
151,177
875
110,983
1,204

985
13
411
6,922
20,191
24,365
51

81,530
1,425
20,571
423,580
27,065
314,370
4,475

62,001
967
17,188
322,310
12,473
156,026
3,004

12,850
301
2,300
65,740
14,526
93,856
1,043

1,334
24

126

3,360
42
7,502
11

57
944
24
17,801
25

5,219
133
1,026
31,226

BANKS

1 Includes 31 noninsured banks of deposit (20 in Georgia, 3 in Iowa, 3 in Michigan, 4 in Texas, and 1 in the Virgin Islands) for which asset, liability, and capital account
data are not available.
2 Demand and time deposits of individuals, partnerships, and corporations, certified and officers’ checks, cash letters of credit, etc.
8 Deposits of the United States Government and of States and political subdivisions.
i 1
—
4 Interbank deposits and postal savings deposits.
^
6 Includes Puerto Rico and the Virgin Islands.
8 Includes Alaska, American Samoa, Guam, Hawaii, and the Panama Canal Zone.
Back figures: See the Annual Report for 1948, pp. 92-93, and earlier reports.




O
F

39,185
392

LIABILITIES

39,342
20

AND

35
19,549

ASSETS

Kentucky............................
Louisiana.............................
Maine...................................
Maryland............................
Massachusetts....................

T a b le 1 0 7 .

A s s e t s a n d L i a b i l i t i e s o f O p e r a t in g I n s u r e d B a n k s , D e c e m b e r 3 1 , 1 9 4 9 , J u n e 3 0 , 1 9 4 9 , a n d D e c e m b e r 3 1 , 1 9 4 8

^

(Amounts in thousands of dollars)
Insured commercial banks1

All insured banks
Assets

June 30,
1949

Dec. 31,
1948

Dec. 31,
1949

June 30,
1949

15,059,887

14,671,625

14,149,896

682,026
79,852
961

629,028
70,329
1,159

684,330
78,537
1,284

8,910,108
368,081
216,164
44,523
29,609
6,767,511 .........16,968

318,149
225,923

367,868
222,638

........ 13,468

.........14,003

61,406,786

7,831,947

7,939,700

7,795,123

4,292
93,562
10,440
266,375
522,425
312,733
3,569,906
3,159,444
523

35,385
123,907
40,180
256,461
512,969
647,734
2,614,115
3,564,047
325

T otal a sse ts.................................................................................. 170,378,776 161,887,992 166,312,875 155,318,889 147,216,367 152,162,979
Gash, balances with other banks, an d cash col­
lection item s— to ta l..................................................... 35,904,132
2,067,673
Currency and coin................................................................
Reserve with Federal Reserve banks (member banks) 16,428,505
Demand balances with banks in the United States
(except private banks and American branches of
9,806,738
foreign banks)..................................................................
254,070
Other balances with banks in the United States.........
41,713
Balances with banks in foreign countries......................
7,305,433
Cash items in process of collection..................................
Obligations of the U. S. Governm ent, direct and
guaranteed— t o ta l....................................................
Direct:
Treasury bills....................................................................
Treasury certificates of indebtedness..........................
Treasury notes..................................................................
United States non-marketable bonds2........................
Other bonds maturing in 5 years or less....................
Other bonds maturing in 5 to 10 years......................
Other bonds maturing in 10 to 20 years....................
Bonds maturing after 20 years.....................................
Guaranteed obligations (FHA debentures)...................

73,679,157

34,360,974
2,108,917
17,807,784

38,781,764
2,019,818
20,405,686

35,222,106
1,987,821
16,427,544

33,731,946
2,038,588
17,806,625

8,066,529
263,323
18,359
6,096,062

9,277,976
267,161
29,609
6,781,514

9,438,657
37,906
41,713
7,288,465

7,748,380
37,400
18,359
6,082,594

69,927,921

69,201,909

65,847,210

61,988,221

38,097,434
1,941,281
20,404,402

3,703,170
12,560,194
5,883,832
2,291,309
27,895,168
7,825,481
8,532,235
4,980,649
7,119

2,850,641
10,533,799
2,055,136
2,222,035
25,425,109
10,305,198
10,958,796
5,570,538
6,669

2,856,974
10,192,357
3,434,733
2,242,448
19,886,510
15,761,655
9,195,542
5,622,961
8,729

3,691,818
12,488,302
5,811,425
2,009,216
27,278,311
7,691,960
4,461,014
2,408,949
6,215

2,846,349
10,440,237
2,044,696
1,955,660
24,902,684
9,992,465
7,388,890
2,411,094
6,146

2,821,589
10,068,450
3,394,553
1,985,987
19,373,541
15,113,921
6,581,427
2,058,914
8,404

11,352
71,892
72,407
282,093
616,857
133,521
4,071,221
2,571,700
904

Other securities— to ta l.......................................................
Obligations of States and political subdivisions...........
Other bonds,, notes, and debentures3..............................
Corporate stocks:
Federal Reserve banks....................................................
Other corporate stocks....................................................

11,539,392
6,478,189
4,738,594

10,798,761
5,829,029
4,650,024

10,339,110
5,569,475
4,448,338

9,977,012
6,402,782
3,261,461

9,254,926
5,765,550
3,181,481

8,932,015
5,511,216
3,113,073

1,562,380
75,407
1,477,133

1,543,835
63,479
1,468,543

1,407,095
58.259
1,335,265

210,878
111,731

205,466
114,242

201,292
120,005

210,829
101,940

205,418
102,477

201,243
106,483

49
9,791

48
11,765

49
13,522

T otal securities..........................................................

85,218,549

80,726,682

79,541,019

75,824,222

71,243,147

70,338,801

9,394,327

9,483,535

9,202,218




CO R PO R ATIO N

Dec. 31,
1948

INSURANCE

June 30,
1949

DEPOSIT

Dec. 31,
1949

Dec. 31,
1948

FEDERAL

Dec. 31,
1949

Insured mutual savings banks

42,498,666

40,535,377

41,978,595

4,814,304

4,396,728

4,109,478

618,121

548,034

453,930

46,706,194

43,046,700

409,217

218,408

40,989,307

42,387,812

212,197

208,904

5,032,712

4,608,925

4,318,382

16,959,727

16,316,842

18,790,619

16,939,200

16,295,925

18,765,233

20,527

20,917

25,386

975,832

532,666

885,491

975,832

532,666

885,491

1,988,281
1,748,606

2,201,888
1,971,913

1,889,850
1,336,299

1,987,280
1,748,606

2,201,037
1,971,913

1,889,045
1,336,299

1,001

851

805

855,388

901,473

939,977

854,781

900,863

939,353

607

610

624

914,354
12,576,193
2,895,101
8,039,973
97,913
1,028,044

906,418
11,784,130
2,755,320
7,202,421
99,151
926,010

872,907
11,345,687
2,712,587
6,834,204
121,126
977,447

885,617
8,513,089
2,014,215
8,007,054
97,913
1,023,113

878,476
8,059,651
1,954,647
7,172,380
99,151
922,598

847,912
28,737
7,912,634
4,063,104
1,910,842
880,886
6,806,207
32,919
121,126
973,670 ..........4,931

27,942
3,724,479
800,673
30,041

24,995
3,433,053
801,745
27,997

132,531,519 125,658,787 125,629,092 118,322,888 111,778,524 112,317,396

............3,412

........... 3,777

14,208,631

13,880,263

13,311,696

1,207,448

1,166,983

1,139,375

954,554
170,195
21,690

1,117,896

942,068
164,725
23,542

930,711
145,059
22,088

1,079,417

85,723

877,732
168,419
18,314

864,948
163,090
19,152

89,552

855,428
143,618
16,794

87,566

76,822
1,776
3,376

77,120
1,635
4,390

75,283
1,441
5,294

78,659

77,113

69,125

74,910

70,706

63,577

3,749

6,407

5,548

660,783

735,036

634,520

588,001

135,451
292,998
32,426
199,908

180,093
297,735
30,505
226,703

170,705
274,625
29,256
159,934

668,732

83,507

135,451
245,608
30,444
176,498

72,782

180,093
250,844 ......... 48,683
28,081
3,244
209,714
31,580

66,304

......... 47,390
1,982
23,410

......... 46,891
2,424
16,989

2 1 .1 %
43.2
6.8
27.8
1.1
7.1

2 1 .2 %
43.2
6.7
27.8
1.1
7.3

2 3 .3 %
41.6
6.2
27.7
1.2
6.9

2 2 .7 %
42.4
6.4
27.4
1.1
6.9

2 2 .9 %
42.1
6.3
27.5
1.2
7.1

4 .3 %
54.1
10.5
30.0
1.1
9.4

4 .8 %
55.1
9.9
29.1
1.1
9.4

RATIOS
Percentages of total assets:
Cash and balances with other banks...................
U . S. Government obligations, direct and guaranteed
Other securities..........................................................
Loans and discounts.................................................
Other assets.................................................................
Total capital accounts..............................................




2 5 .0 %
40.4
5.9
27.6
1.1
6.7

4 .5 %
52.0
10.4
32.0
1.1
9.4

BANKS

718,027
170,705
323,308
32,500
191,514

OPERATING

1,225,098

O
F

Miscellaneous assets— to ta l...................................
Customers' liability on acceptances outstanding
Income accrued but not collected.........................
Prepaid expenses........................................................
Other assets.................................................................

46,088,073

666,127

45,598,232

LIABILITIES

Bank premises, furniture and fixtures, and other
real estate— t o t a l...............................................
Bank premises............................................................
Furniture and fixtures..............................................
Real estate owned other than bank premises.. . ____
Investments and other assets indirectly representing
bank premises or other real estate...................

44,932,105

766,442

AND

T otal loans and securities.........................

47,312,970
48,079,412

ASSETS

Loans and discounts, net— to ta l.........................
Valuation reserves4........................................................
Loans and discounts, gross— to ta l.....................
Commercial and industrial loans (including open
market paper)...................................................................
Loans to farmers directly guaranteed by the Com­
modity Credit Corporation...........................................
Other loans to farmers (excluding loans on real
estate).......................................................................
Loans to brokers and dealers in securities....................
Other loans for the purpose of purchasing or carrying
securities..................................................................
Real estate loans:
On farm land..........................................................
On residential properties.....................................
On other properties...............................................
Other loans to individuals.......................................
Loans to banks...........................................................
All other loans (including overdrafts).................

T a b l e 1 0 7 . A s s e t s a n d L i a b i l i t i e s o f O p e r a t i n g I n s u r e d B a n k s , D e c e m b e r 3 1 , 19 4 9 , J u n e 3 0 , 1 9 4 9 , a n d D e c e m b e r 3 1 , 1 9 4 8 — C o n tin u ed

18
4

(Amounts in thousands of dollars)
Insured commercial banks1

All insured banks
Liabilities and capital

Insured mutual savings banks

Dec. 31,
1948

T otal liabilities and capital accou n ts.............................. 170,378,776 161,887,992 166,312,875 155,318,889 147,216,367 152,162,979

15,059,887

14,671,625

14,149,896

Deposits of individuals, partnerships, and cor­
porations— to ta l............................................................ 130,172,268 124,832,315 128,724,870 116,590,911 111,598,463 115,960,249
Demand................................................................................... 82,138,607 77,029,872 81,708,040 82,128,729 77,020,805 81,698,513
Tim e......................................................................................... 48,033,661 47,802,443 47,016,830 34,462,182 34,577,658 34,261,736

13,581,357
9,878
13,571,479

13,233,852
9,067
13,224,785

12,764,621
9,527
12,755,094

Dec. 31,
1948

Dec. 31,
1949

June 30,
1949

Dec. 31,
1948

2,355,090

2,115,641

2,338,307

2,352,568

2,113,210

3,352

2,522

2,431

Governm ent deposits— to ta l............................................
United States Government— demand.............................
United States Government— time....................................
States and political subdivisions— demand...................
States and political subdivisions— time..........................

11,896,122
3,056,587
178,121
7,425,023
1,236,391

10,884,421
2,140,382
157,309
7,342,126
1,244,604

10,706,677
2,326,921
111,138
7,186,759
1,081,859

11,889,661
3,054,607
177,863
7,423,797
1,233,394

10,880,931
2,139,211
157,260
7,341,464
1,242,996

10,702,845
2,325,231
111,065
7,186,133
1,080,416

6,461
1,980
258
1,226
2,997

3,490
1,171
49
662
1,608

3,832
1,690
73
626
1,443

Interbank and postal savings deposits— t o t a l.........
Banks in the United States— demand............................
Banks in the United States— time..................................
Banks in foreign countries— demand..............................
Banks in foreign countries— time....................................
Postal savings........................................................................

12,375,807
10,884,885
29,539
1,315,270
139,398
6,715

10,585,077
9,058,249
29,349
1,373,799
117,734
5,946

11,906,860
10,344,114
35,224
1,487,709
34,012
5,801

12,375,430
10,884,850
29,197
1,315,270
139,398
6,715

10,584,390
9,058,204
28,707
1,373,799
117,734
5,946

11,906,217
10,344,069
34,626
1,487,709
34,012
5,801

377
35
342

687
45
642

643
45
598

T otal deposits................................................................ 156,785,856 148,656,903 153,454,048 143,194,309 135,416,352 140,682,521
99,286,051 105,15^,865
99,299,518 105,169,18U 107 ,1U5,560
Demand........................................................................... 107,162,031
35,527,656
Time................................................................................ U9,623,825 1*9,357,385 h8,28U,861> 36,0Jf8,7U9 36,130,301
Miscellaneous liabilities— to ta l......................................
Bills payable, rediscounts, and other liabilities for
borrowed money...............................................................
Acceptances outstanding....................................................
Dividends declared but not yet payable........................
Income collected but not earned......................................
Expenses accrued and unpaid...........................................
Other liabilities.....................................................................

1,524,711

1,395,746

1,364,191

1,475,881

1,345,851

14,154
199,790
70,563
249,130
393,113
597,961

27,756
150,322
65,085
210,903
374,347
567,333

54,625
201,980
64,630
195,548
349,224
498,184

14,154
199,790
66,742
247,437
383,378
564,380

26,605
150,322
55,122
209,420
365,857
538,525

1,320,003

13,240,551
13,1+67
13,227,081+

12,771,527
lk ,319
12,757,208

48,830

49,895

44,188

1,151

787

3,821
1,693
9,735
33,581

9,963
1,483
8,490
28,808

3,000
1,496
8,262
30,643

13,640,377

13,290,446

12,815,715

53,

20l!

6i;
194!
340;
467!

Total liabilities (excluding capital accounts) 158,310,567 150,052,649 154,818,239 144,670,190 136,762,203 142,002,524




13,591,547
16,1+71
13,575,076

CO R PO R ATIO N

2,341,659

INSURANCE

Certified and officers’ checks, cash letters of credit
and travelers’ checks ou tstanding,
and
am ounts due to Federal Reserve b a n k s.............

DEPOSIT

June 30,
1949

June 30,
1949

FEDERAL

Dec. 31,
1949

Dec. 31,
1949

11,494,636
3,268,865
5,501,891
2,153,240
570,640

10,648,699
3,395,489
4,803,154
1,954,348
495,708

10,454,164
3,368,129
4,552,144
2,010,341
523,550

10,160,455
3,264,146
4,504,089
1,872,518
519,702

Pledged assets and securities loaned...........................

14,659,992

13,835,845

13,436,912

14,659,992

13,835,845

13,436,912

Capital stock, notes, and debentures:
Par or face value— to ta l.................................................
Common stock..................................................................
Capital notes and debentures......................................
Preferred stock.................................................................

3,403,769
3,305,479
29,261
69,029

3,376,511
3,271,677
28,829
76,005

3,272,723
3,164,300
30,034
78,389

3,396,239
3,305,479
21,731
69,029

3,368,881
3,271,677
21,199
76,005

3,264,993
3,164,300
22,304
78,389

Retireable value of preferred stock.................................

131,062

140,013

146,799

131,062

140,013

146,799

Number of banks..........................................................................

13,628

13,614

13,612

13,436

13,423

13,419

1,419,510
5,333
1,060,344
294,561
59,272

1,381,179
4,856
1,027,611
290,676
58,036

1,334,181
4,719
997,802
280,722
50,938

7,530

7,630

7,730

7,530

7,630

7,730

192

191

193

LIABILITIES

11,835,343
3,372,985
5,579,755
2,301,017
581,586

AND

12,068,209
3,400,822
5,863,498
2,248,909
554,980

Capital accounts— to ta l.....................................................
Capital stock, notes, and debentures.............................
Surplus....................................................................................
Undivided profits.................................................................
Reserves.................................................................................
M EM OR ANDA

O
F
OPERATING
BANKS




ASSETS

1 Includes stock savings banks and nondeposit trust companies.
2 United States savings bonds, Treasury bonds (investment series A-1965), and depositary bonds.
3 Includes obligations of United States Government corporations and agencies, not guaranteed by the United States Government.
4 Reserves for losses on loans authorized by the Bureau of Internal Revenue for income tax purposes and other valuation reserves.
Back figures: See the Annual Report for 1948, pp. 94-97.

E x a m in e r s ’ E v a l u a t io n

of

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

Table 108. Examiners’ appraisal of assets, liabilities, and capital of insured commercial banks
examined in 1941-1949
Table 109. Examiners’ appraisal of assets, liabilities, and capital of insured commercial banks
examined in 1949
Banks grouped according to amount of deposits

Table 110. Examiners’ appraisal of assets, liabilities, and capital of insured commercial banks
examined in 1949




Banks grouped by Federal Deposit Insurance Corporation district and State

and premium reserves, at which the assets are carried on the books
of the banks at the time of examination.

Examiners’ deductions from total assets represent the difference
between the appraised value and book value of assets shown on the
books.




Adjusted capital accounts equal book value of total capital ac­
counts plus the value of assets not shown on the books, less examiners’
deductions from total assets, and less liabilities not shown on the books.
The term “ adjusted capital accounts” corresponds to the term “ net
sound capital” used in the Annual Reports of the Corporation for the
years 1939-1943.

BANKS

Assets not on the books represent the determinable sound value
of assets which are not included in the bank’s statement of assets or
are carried at nominal values.

Adjusted liabilities include all liabilities shown on the books and
such others as have been determined by the examiners.
Book value of capital accounts refers to the net worth or equity
of the stockholders (including holders of capital notes and debentures)
shown on the books at the time of examination.

COMMERCIAL

Book value of assets is the net value, after deduction of valuation

INSURED

Evaluation o f liabilities and capital
Evaluation o f assets

O
F

Examiners’ deductions (net) from total assets in Table 110 is
the difference between examiners’ deductions and the determinable
sound values of assets not shown on the books.
Appraised value of total assets represents the value of all assets as
determined by examiners and is segregated into two groups: (1) not
criticized, which represents the appraised value of assets regarded as
suitable for bank investment; and (2) substandard, which represents the
appraised value of assets believed by the examiners to involve a sub­
stantial degree of risk, or to be otherwise undesirable for bank invest­
ment. For a description of the procedure followed in examiners’ evalua­
tion of assets, see the Annual Report of the Corporation for 1938, pages
61-78 and pages 10-11 of this Report. Appraised value of other securities
and of loans and discounts does not include assets not shown on the
books which are included in the appraised value of fixed and mis­
cellaneous assets.

E X A M I N E R S 7 EVALUATION

The tables in this section present a summary of the evaluation of
bank assets and liabilities made by examiners of the Federal supervisory
agencies. Since bank examinations are made at various dates during
the year, these tables differ from those in the previous sections, which
are based on reports submitted by the banks for specified dates. These
tables have been prepared from reports of examination available during
the year and do not cover precisely the banks examined in that year.
The figures for 1949 include 13,242 insured commercial banks operating
at the close of the year and 24 banks which ceased operations or were
taken over by others during the year. Figures for 193 insured banks
operating at the close of the year were not included in the tabulations:
7 because they were not engaged in deposit banking, and 186 because
reports of examination were, for various reasons, not available for
tabulation. For 226 banks the figures are derived from reports of
examination made in the last three months of 1948.

Table 108.

E x a m in e r s * A p p r a is a l o f A s s e t s , L i a b i l i t i e s , a n d C a p i t a l o f I n s u r e d C o m m e r c ia l B a n k s E x a m in e d in 1941-1949
(Amounts in thousands of dollars)

Asset, liability, or capital account item

1941

1942

1945

1946

1947

1948

1949

147,828,793
16,017
25,095
147,819,715
11*7,293,671
526,01*1*

144,531,287
15,156
35,596
144,510,847
11*3,811*,520
696,327

147,679,494
16,056
40,775
147,654,775
11*6,866,522
788,253

149,150,139
13,252
34,009
149,129,382
11*8,367,106
762,276

T otal assets— book value....................................
Assets not on the books.......................................
Examiners’ deductions.........................................
Appraised value.....................................................
Not criticized,.......................................................
Substandard.........................................................

71,697,320
19,851
174,037
71,543,134
69,512,512
2,030,622

80,449,956
20,089
145,741
80,324,304
78,610,078
1,711*,226

102,021,738
26,346
97,144
101,950,940
100,690,81*3
1,260,097

118,843,675
20,897
54,193
118,810,379
117,981*,985
825,391*

138,032,336
20,283
29,354
138,023,265
137,1*01*,382
618,883

Cash and due from banks..................................

24,107,119

24,618,882

25,342,868

26,036,187

29,215,660

26,799,729
26,807,855

50,067,210
50,073,639

65,089,147
65,096,303

78,783,904
78,794,810

31,790,001

33,487,233

33,021,350

«

69,134,182
(4
)

63,438,109
(4
)

63,466,989
(3
)

7,890,527
7,888,268
7,657,623
230,61*5

8,435,320
8,432,640
8,221,268
211,372

9,047,781
9,045,770
8,81*5,376
200,391*

(2
)
(2
)

Other securities— book value............................
Appraised value.....................................................
Not criticized.......................................................
Substandard.........................................................

25,759,640
25,722,984
21*,970,1*12
752,572

6,682,798
6,651,951
6,031*,558
617,393

6,055,350
6,040,897
5,578,71*3
1*62,151*

5,805,695
5,800,937
5,1*99,037
301,900

6,215,580
6,213,954
5,951*,653
259,301

0)

Loans and discounts— book valu e..................
Appraised value.....................................................
Not criticized.......................................................
Substandard.........................................................

19,544,145
19,467,422
18,618,309
81*9,113

20,136,352
20,071,927
19,303,969
767,958

18,290,697
18,251,118
17,710,001
51*1,117

19,562,561
19,539,481
19,180,11*1*
359,337

21,436,642
21,424,482
21,161,567
262,915

0)
0)

(!)
0)

33,100,496
33,075,357
32,653,390
1*21,967

39,416,074
39,385,909
38,852,883
533,026

40,778,572
40,752,947
1*0,238,01*5
511*, 902

Fixed and miscellaneous assets— book value
Appraised value.....................................................
Not criticized.......................................................
Substandard.........................................................

2,286,416
2,245,609
1,816,672
1*28,937

2,212,195
2,173,689
1,81*1*,811*
328,875

2,265,613
2,242,418
1,985,592
256,826

2,350,085
2,337,471
2,173,311*
161*,157

2,380,550
2,374,359
2,277,692
96,667

0)
0)
0)
0)

2,616,081
2,623,039
2,579,321*
1*3,715

2,902,758
2,910,884
2,867,029
1*3,855

2,835,447
2,842,326
2,795,31*6
1*6,980

T otal liabilities— book value.............................
Total deposits.........................................................
Other liabilities— book value..............................
Liabilities not on the books................................
Adjusted total liabilities......................................

65,012,512
64,218,740
793,772
6,084
65,018,596

73,529,826
72,755,007
774,819
7,362
73,537,188

94,882,516
94,087,113
795,403
4,491
94,887,007

111,242,503
110,177,295
1,065,208
7,563
111,250,066

129,849,891
128,263,849
1,586,042
3,731
129,853,622

139,081,529
137,221,546
1,859,983
4,719
139,086,248

135,120,704
133,169,657
1,951,047
2,635
135,123,339

137,795,798
135,666,637
2,129,161
4,083
137,799,881

138,712,491
136,424,272
2,288,219
4,614
138,717,105

T otal capital accounts— book value..............
Assets not on the books.......................................
Examiners’ deductions from total assets........
Liabilities not on the books................................
Adjusted capital accounts...................................

6,684,808
19,851
174,037
6,084
6,524,538

6,920,130
20,089
145,741
7,362
6,787,116

7,139,222
26,346
97,144
4,491
7,063,933

7,601,172
20,897
54,193
7,563
7,560,313

8,182,445
20,283
29,354
3,731
8,169,643

8,747,264
16,017
25,095
4,719
8,733,467

9,410,583
15,156
35,596
2,635
9,387,508

9,883,696
16,056
40,775
4,083
9,854,894

10,437,648
13,252
34,009
4,614
10,412,277




0)

0)

CO R POR ATION

U. S. Government obligations— book value
Appraised value3 ....................................................

INSURANCE

0)

DEPOSIT

1944

FEDERAL

1943

$98.08
8.45

$98.95
6.93

$99.46
6.36

$99.84
5.92

$99.84
5.91

$99.75
6.50

$99.71
6.67

$99.76
6.98

Substandard assets per $100 of—
Appraised value of total assets..........................
Adjusted capital accounts...................................

2.84
31.12

2.13
25.26

1.24
17.84

.69
10.92

.45
7.58

.36

.48
7.42

.53

6.02

8.00

.51
7.32

Substandard loans and discounts per
$100 of—
Appraised value of loans and discounts..........

4.36

3.83

2.96

1.84

1.23

1.28

1.35

1.26

Number of banks.......................................................

13,308

13,303

13,207

12,983

12,473

12,747

12,927

13,266

0)

12,493

1 Not available separately.
. 2 U . S. Government obligations not available separately; included under other securities.
3 Appraised value is in excess of book value due to the excess of redemption value of U . S. savings bonds not shown on the books over examiners’ deductions of unamortized
premiums on U . S. Government obligations purchased above par.
4 Appraised value not available. Redemption value of U. S. savings bonds not shown on the books included under fixed and miscellaneous assets, while examiners’ deductions
of unamortized premium on U . S. Government obligations purchased above par included under other securities.

O
F
INSURED
COMMERCIAL
BANKS




EVALUATION

$97.60
9.12

EXAMINERS

Adjusted capital accounts per $100 of—
Book capital............................................................
Appraised value of total assets..........................

E x a m i n e r s ’ A p p r a i s a l o f A s s e t s , L i a b i l i t i e s , a n d C a p i t a l o f I n s u r e d C o m m e r c ia l B a n k s E x a m in e d in

1949

BANKS GROUPED ACCORDING TO AMOUNT OF DEPOSITS
Banks with deposits of—

8

Substandard.........................................................

149,150,139
13,252
34,009
149,129,382
148,367,106
762,276

242,622
118
392
242,348
237,242
5,106

1,623,902
915
1,514
1,623,303
1,602,849
20,454

Cash and due from banks..................................

33,021,350

61,182

352,484

1,091,438

2,926,542

2,240,341

6,130,471

$500,000
to
$1 ,000,000

$1 , 000,000
to
$2 ,000,000

$2 ,000,000
to
$5,000,000

$5,000,000
to
$1 0 ,000,000

$1 0 ,000,000
to
$50,000,000

$50,000,000
More than
to
$ 100 , 000,000
$ 10 0 ,000,000

(Aimounts in thoiisands of dollars)
26,304,177
13,045,332
14,156,948
5,220,188
2,768
2,034
3,531
2,223
7,575
5,219
7,569
3,682
26,299,370
13,042,147
14,152,910
5,218,729
26,161,592
12,948,672
14,031,633
5,163,792
137,778
93,475
121,277
54,937

11,291,440
577
3,277
11,288,740
11,229,779
58,961

2,611,197

5,502,078

2,614,925

17,861,504

5,726,699

11,937,773

5,022,797

31,649,818

77,265,530
1,086
4,781
77,261,835
76,991,547
270,288

63,466,989

85,093

Other securities— book value............................
Appraised value......................................................
Substandard.........................................................

9,047,781
9,045,770
8,845,376
200,394

9,501
9,482
8,807
675

83,474
83,436
81,747
1,689

307,759
307,598
301,208
6,390

1,053,736
1,053,312
1 ,031,066
22,246

1,064,724
1,064,378
1,040,747
23,631

1,903,650
1,902,799
1,862,939
39,860

657,802
657,776
642,065
15,711

3,967,135
3,966,989
3,876,797
90,192

Loans and discounts— book value..................
Appraised value......................................................
Not criticized........................................... ...........
Substandard.........................................................

40,778,572
40,752,947
40,238,045
514,902

84,372
84,026
79,730
4,296

500,810
499,491
481,078
18,413

1,537,798
1,534,600
1,487,148
47,452

3,917,824
3,911,464
3,815,428
96,036

3,503,816
3,499,518
3,433,435
66,083

6,609,559
6,604,093
6,515,926
88,167

2,810,828
2,808,371
2,771,918
36,453

21,813,565
21,811,384
21,653,382
158,002

Fixed and miscellaneous assets— book value

2,835,447
2,842,326
2,795,346
46,980

2,474
2,565
2,430
135

13,137
13,895
13,543
352

42,852
44,752
43,657
1,095

128,375
131,121
128,126
2,995

138,896
140,355
136,594
3,761

351,117
352,627
342,876
9,751

185,088
184,871
178,074
6,797

1,973,508
1,972,140
1,950,046
22,094

Liabilities not on the books................................
Adjusted total liabilities................. .....................

138,712,491
136,424,272
2,288,219
4,614
138,717,105

215,310
214,503
807
51
215,361

1,483,612
1,478,443
5,169
160
1,483,772

4,819,524
4,806,320
13,204
313
4,819,837

13,150,308
13,106,614
43,694
559
13,150,867

12,160,140
12,100,736
59,404
452
12,160,592

24,591,181
24,427,489
163,692
996
24,592,177

10,575,507
10,472,876
102,631
352
10,575,859

71,716,909
69,817,291
1,899,618
1,731
71,718,640

Total capital accounts— book value..............
Assets not on the books.......................................
Examiners’ deductions from total assets.........
Liabilities not on the books................................
Adjusted capital accounts...................................

10,437,648
13,252
34,009
4,614
10,412,277

27,312
118
392
51
26,987

140,290
915
1,514
160
139,531

400,664
2,223
3,682
313
398,892

1,006,640
3,531
7,569
559
1,002,043

885,192
2,034
5,219
452
881,555

1,712,996
2,768
7,575
996
1,707,193

715,933
577
3,277
352
712,881

5,548,621
1,086
4,781
1,731
5,543,195




C O R PO R ATIO N

U. S. Government obligations— book value

673,997

INSURANCE

T otal assets— book value.....................................

$500,000
or less

DEPOSIT

All
banks

FEDERAL

Asset, liability, or capital account item

T otal liabilities— book value.............................

14
5

Table 109.

$98.81
11.14

$99.46
8.60

$99.56
7.64

$99.54
7.08

$99.59
6.76

$99.66
6.49

$99.57
6.31

$99.90
7.17

Substandard assets per $100 of—
Appraised value of total assets..........................
Adjusted capital accounts...................................

.51
7.32

2 .1 1

18.92

1.26
14.66

1.05
13.77

.86
12 .1 0

.72
10.60

.52
8.07

.52
8.27

.35
4.88

Substandard loans and discounts per
$100 of—
Appraised value of loans and discounts..........

1.26

5.11

3.69

3.09

2.45

1.89

1.34

1.30

.72

13,266

580

1,944

3,289

4,163

1,735

1,235

148

172

'

$99.76
6.98

e x a m in e r s

Adjusted capital accounts per $100 of—
Book capital............................................................
Appraised value of total assets..........................

Back figures: See the Annual Report for 1948, pp. 102-103, and earlier reports.

of
in s u r e d
c o m m e r c ia l
banks




e v a l u a t io n

Number of banks.......................................................

Oi
Oi

E x a m i n e r s ’ A p p r a is a l o f A s s e t s , L i a b i l i t i e s , a n d C a p i t a l o f I n s u r e d C o m m e r c ia l B a n k s E x a m in e d i n

16
5

Table 110.

1949

B AN K S GROUPED B Y FEDERAL DEPOSIT INSURANCE CORPORATION DISTRICT AND STATE

(Amounts in thousands of dollars)
Total liabilities

Total assets

United S ta te s... .

Appraised value
Book
value

13,266 149,150,139
13,259 149,095,289

Examiners'
deductions
(net)1

Total

Not
criticized

Sub­
standard

Book
value

Adjusted
value

Book
value

Adjusted
value

762,276 138,712,491 138,717,105 10,437,648 10,412,277

6.98

.51

20,726 149,074,563 148,313,058

761,505 138,660,723 138,665,336 10,434,566 10,409,227

6.98

.51

7.32

3,082

3,050

5.56

1.41

25.28

8.16
8.35
8.39
6.89
6.46
6.25
5.77

.41
.61
.48

5.06
7.26
5.75
9.86
12.33
9.31
6.31
6.36
7.24

Possessions...........

7

54,850

31

54,819

54,048

FDIC District
District 1 ..............
District 22.............
District 3 ..............
District 4 ..............
District 5 ..............
District 6 ..............
District 7 ..............
District 8 ..............
District 9 ..............
District 10............
District 11............
District 123...........

462
1,004
1,608
1,025
882
1,408
1,429
1,479
1,060
1,390
1,039
480

7,402,459
38,398,617
18,184,755
8,024,673
5,470,941
8,524,430
11,417,286
14,499,259
4,436,350
5,857,817
8,730,685
18,202,867

2,125
6,459
2,123
2,314
836
1,489
8U
666
U73
1,773
2,724
2,137

7,400,334
38,392,158
18,182,632
8,022,359
5,470,105
8,522,941
11,417,370
14,499,925
4,436,823
5,856,044
8,727,961
18,200,730

7,369,770
38,159,529
18,094,908
7,967,850
5,426,503
8,473,381
11,375,799
14,443,565
4,418,477
5,825,175
8,679,498
18,132,651

30,564
232,629
87,724
54,509
43,602
49,560
41,571
56,360
18,346
30,869
48,463
68,079

6,796,320
35,186,995
16,655,754
7,469,475
5,116,515
7,990,246
10,758,214
13,613,448
4,183,548
5,507,905
8,230,771
17,203,300

6,796,325
35,187,744
16,657,831
7,469,605
5,116,614
7,990,407
10,758,550
13,613,595
4,183,580
5,508,497
8,230,991
17,203,366

606,139
3,211,622
1,529,001
555,198
354,426
534,184
659,072
885,811
252,802
349,912
499,914
999,567

604,009
3,204,414
1,524,801
552,754
353,491
532,534
658,820
886,330
253,243
347,547
496,970
997,364

211

5
218
188
139

1,269,789
380,509
801,348
13,698,847
1,159,896

271
78
2

1,269,518
380,431
801,262
13,697,682
1,159,894

1,263,243
374,618
798,003
13,653,412
1,154,743

6,275
5,813
3,259
44,270
5,151

1,185,775
362,979
749,529
12,950,474
1,091,757

1,185,802
362,980
749,542
12,950,518
1,091,860

84,014
17,530
51,819
748,373
68,139

97
37
19
185
292

1,511,179
477,786
1,097,842
1,796,311
1,619,346

215
285
147
467
145

1,510,964
477,501
1,097,695
1,795,844
1,619,201

1,504,530
468,205
1,095,314
1,779,122
1,607,111

6,434
9,296
2,381
16,722
12,090

1,393,192
428,002
1,028,295
1,686,451
1,508,321

1,393,194
428,015
1,028,296
1,686,461
1,508,363

117,987
49,784
69,547
109,860
111,025

Connecticut.........
Delaware...............
Dist. of Columbia
Florida...................
Georgia.................




86

1,165

.68

5.71
5.93
5.69
5.48

.80
.58
.36
.39
.41
.53
.56
.37

83,716
17,451
51,720
747,164
68,034

6.59
4.59
6.45
5.45
5.87

.49
1.53
.41
.32
.44

7.50
33.31
6.30
5.93
7.57

117,770
49,486
69,399
109,383
110,838

7.79
10.36
6.32
6.09
6.85

.43
1.95

5.46
18.79
3.43
15.29
10.91

6 .1 1

.22

.93
.75

8.88

9.75
6.83

CO R PO R ATIO N

51,769

INSURANCE

51,768

771

State
Alabama...............
Arizona.................
Arkansas...............
California.............
Colorado...............

7.32

20,757 149,129,382 148,367,106

DEPOSIT

United States and
possessions.........

Number
of
banks

Substandard assets
per $100 of—
Adjusted
capital
accounts
per $100 of Appraised
Adjusted
appraised
value of
capital
value of
total
accounts
total
assets
assets

FEDERAL

FD IC District
and State

Total capital
accounts

Idaho.....................
Illinois...................
Indiana.................
Iowa.......................
Kansas..................

42
874
471
605
460

420,346
12,224,179
3,123,202
2,275,080
1,509,343

41
57
55
609
784

420,305
12,224,236
3,123,147
2,275,689
1,508,559

419,374
12,184,813
3,107,810
2,258,752
1,498,893

931
39,423
15,337
16,937
9,666

399,961
11,477,840
2,938,702
2,135,608
1,423,832

399,973
11,477,917
2,938,803
2,135,678
1,424,013

20,385
746,339
184,500
139,472
85,511

20,332
746,319
184,344
140,011
84,546

4.84

.22

6 .1 1

.32
.49
.74
.64

Kentucky.............
Louisiana..............
Maine....................
Maryland.............
Massachusetts. . .

354
157
54
161
173

1,544,975
1,721,507
445,608
1,549,822
4,301,397

358
136
297
951

1,544,617
1,721,439
445,472
1,549,525
4,300,446

1,535,937
1,714,270
442,617
1,539,153
4,291,529

8,680
7,169
2,855
10,372
8,917

1,434,786
1,630,775
407,349
1,444,400
3,950,843

1,434,835
1,630,939
407,351
1,444,408
3,950,844

110,189
90,732
38,259
105,422
350,554

109,782
90,500
38,121
105,117
349,602

7.11
5.26
8.56
6.78
8.13

.56
.42
.64
.67
.21

7.91
7.92
7.49
9.87
2.55

Michigan...............
Minnesota............
Mississippi...........
Missouri................
Montana...............

417
644
194
556

5,218,641
2,865,443
785,495
4,233,082
579,603

128
396
U7
777
56

5,218,513
2,865,839
785,542
4,232,305
579,547

5,203,656
2,854,726
777,027
4,209,478
575,553

14,857
11,113
8,515
22,827
3,994

4,930,104
2,688,168
735,968
3,981,098
554,258

4,930,140
2,688,188
735,988
3,981,143
554,260

288,537
177,275
49,527
251,984
25,345

288,373
177,651
49,554
251,162
25,287

5.53

.28
.39
1.08
.54
.69

5.15
6.26
17.18
9.09
15.79

Nebraska..............
Nevada.................
New Hampshire..
New Jersey...........
New Mexico........

362

1,288,172
169,876
227,911
4,804,203
302,996

256
95
229
1,299
421

1,287,916
169,781
227,682
4,802,904
302,575

1,282,945
168,116
225,580
4,753,875
299,432

4,971
1,665

57
329
45

2,10 2

1,214,826
160,528
204,425
4,486,709
287,447

73,441
9,349
23,486
317,665
15,551

73,090
9,253
23,257
316,195
15,128

10 .2 1

.39
.98
.92

49,029
3,143

1,214,731
160,527
204,425
4,486,538
287,445

6.58
5.00

1.04

6.80
17.99
9.04
15.51
20.78

New York.............
North Carolina...
North Dakota___
Ohio.......................
Oklahoma.............

637
224
143
649
375

33,112,359
1,767,887
496,425
7,464,662
1,647,726

4,875
214
42
700
610

33,107,484
1,767,673
496,467
7,463,962
1,647,116

32,933,280
1,753,294
495,317
7,441,502
1,637,285

174,204
14,379
1,150
22,460
9,831

30,268,560
1,651,004
472,618
7,001,417
1,539,319

30,269,124
1,651,033
472,624
7,001,428
1,539,525

2,843,799
116,883
23,807
463,245
108,407

2,838,360
116,640
23,843
462,534
107,591

8.57
6.60
4.80
6.53

.53
.81
.23
.30
.60

6.14
12.33
4.82
4.86
9.14

Oregon...................
Pennsylvania. . . .
Rhode Island. . . .
South Carolina.. .
South Dakota... .

66

346
1,423
36
77
91

1,345,303
10,718,670
647,709
667,727
494,970

1,336,601
10,653,406
645,688
664,530
492,881

8,702
65,264

132
163

1,345,649
10,720,093
647,745
667,650
494,879

3,197
2,089

1,267,116
9,654,337
599,362
627,291
468,504

1,267,119
9,656,403
599,362
627,308
468,508

78,533
1,065,756
48,383
40,359
26,375

78,184
1,062,267
48,347
40,419
26,462

5.81
9.91
7.46
6.05
5.35

.65
.61
.31
.48
.42

11.13
6.14
4.18
7.91
7.89

Tennessee.............
Texas.....................
Utah.......................
Vermont................
Virginia.................

280
832
55
69
314

1,945,025
6,325,673
575,975
268,619
1,928,090

268
2,157

1,944,757
6,323,516
575,765
268,061
1,926,828

1,929,963
6,291,178
572,426
259,826
1,911,069

14,794
32,338
3,339
8,235
15,759

1,824,833
5,949,572
541,571
241,149
1,781,820

1,824,887
5,949,625
541,572
241,149
1,781,875

120,192
376,101
34,404
27,470
146,270

119,870
373,891
34,193
26,912
144,953

6.16
5.91
5.94
10.04
7.52

.76
.51
.58
3.07
.82

12.34
8.65
9.77
30.60
10.87

Washington..........
West Virginia. . . .
Wisconsin.............
Wyoming..............

115
175
541
54

1,941,593
1,013,382
3,075,443
252,680

249
471
267

1,941,344
1,012,911
3,075,710
252,559

1,932,843
1,004,490
3,064,333
251,309

8,501
8,421
11,377
1,250

1,835,778
936,665
2,889,408
238,266

1,835,783
936,685
2,889,607
238,273

105,815
76,717
186,035
14,414

105,561
76,226
186,103
14,286

5.44
7.53
6.05
5.66

.44
.83
.37
.49

8.05
11.05

558
1,262

1 Examiners’ deductions (net) is net of assets not on the books. Figures in italics represent excess of appraised value of assets over book value.
2 Includes 1 national bank in the Virgin Islands not a member of the Federal Reserve System.
3 Includes 3 national banks and 2 State banks in Alaska, and 1 State bank in Hawaii, not members of the Federal Reserve System.




6 .1 1

8.75

BANKS

12 1

COMMERCIAL

210

2,0 21

6.20

1.02

INSURED

12

5.68
5.45

11.43

O
F

959

6.31
5.93
4.36

12 .1 0

EVALUATION

8

6.20

4.58
5.28
8.32
EXAMINERS

110

68

5.90
6.15
5.60

E a r n in g s , E x p e n s e s ,

and

D

iv id e n d s

op

Insured B an k s

Table 111. Earnings, expenses, and dividends of insured commercial banks, 1941-1949
Table 112. Ratios of earnings, expenses, and dividends of insured commercial banks, 1941-1949
Table 113. Earnings, expenses, and dividends of insured commercial banks, 1949
By class of bank

Table 114. Ratios of earnings, expenses, and dividends of insured commercial banks, 1949
By class of bank

Table 115. Earnings, expenses, and dividends of insured commercial banks operating through­
out 1949
Banks grouped according to amount of deposits

Table 116. Ratios of earnings, expenses, and dividends of insured commercial banks operating
throughout 1949
Banks grouped according to amount of deposits

Table 117. Earnings, expenses, and dividends of insured commercial banks, by State, 1949
Table 118. Earnings, expenses, and dividends of insured mutual savings banks, 1941-1949
Table 119. Ratios of earnings, expenses, and dividends of insured mutual savings banks,
1941-1949




Reports of earnings, expenses, and dividends are submitted to the
Federal supervisory agencies on either a cash or an accrual basis.

Sources o f data

National banks, and State banks not members of the Federal Reserve
System in the District of Columbia: Office of the Comptroller of the
Currency.

INSURED

Other insured banks: Federal Deposit Insurance Corporation.

O
F

State banks members of the Federal Reserve System: Board of
Governors of the Federal Reserve System.

DIVIDENDS
BANKS




Assets and liabilities shown in Table 115, and utilized for computation
of ratios shown in Table 116, are for the identical banks to which the
earnings data pertain. For national banks and State banks members
of the Federal Reserve System, assets and liabilities are as of December
31, 1949, and for other banks, are averages of beginning, middle, and
end of the year.

E X P E N S E S, AND

On December 8, 1947, the Commissioner of Internal Revenue issued
Comm. Mimeograph Coll. No. 6209 entitled, “ Reserve Method of
Accounting for Bad Debts in the Case of Banks.” (See pp. 82-84 in
the 1947 Annual Report). Under this ruling, banks are permitted to
accumulate limited amounts of tax-free reserves for bad debt losses on
loans. As a result, in 1948 and 1949 unusually large amounts were set
aside from income to valuation reserves, and net profits were decreased
accordingly. The uniform report of earnings and dividends for the
calendar year 1948 was revised to show separately for the first time
charge-offs and transfers to valuation reserves as well as recoveries
and transfers from valuation reserves. Also, for the first time the actual
recoveries and losses that are credited and charged to valuation reserves
were reported as memoranda items. As of December 31, 1949, the
reserve method of accounting for bad debt losses on loans as authorized
by the Bureau of Internal Revenue had been adopted by 5,576, or
42 percent, of the 13,429 insured commercial banks in the United States.

E AR N IN G S,

Earnings data are included for all insured banks operating at the
end of the respective years, unless indicated otherwise. In addition,
appropriate adjustments have been made for banks in operation during
part of the year but not at the end of the year.

Averages of assets and liabilities shown in Tables 111-114 and 117119 are based upon figures at the beginning, middle, and end of each
year, as reported by banks operating on those dates. Consequently, the
asset and liability averages are not strictly comparable with the earnings
data, but the differences are not large enough to affect the totals sig­
nificantly. Some further incomparability is also introduced into the
data by class of bank by shifts between those classes during the year.

Ox
C
D

T a b le 1 1 1 .

E

a r n in g s ,

Earnings or expense item

xpen ses, and

1941

D iv id e n d s o f I n s u r e d C
(Amounts in thousands of dollars)

1942

1943

1944

861,412
692,305
13,513
95,332

/
1,090,253 \
680,708
17,320
107,375

233,196

55,148
100,652
123,484

67,533
104,710
124,676

Current operating expenses— to ta l................
Salaries— officers....................................................
Salaries and wages— employees.........................
Fees paid to directors and members of execu­
tive, discount, and other committees..........
Interest on time and savings deposits.............
Interest and discount on borrowed money. . .
Taxes other than on net income........................
Recurring depreciation on banking house,
furniture and fixtures.......................................
Other current operating expenses.....................

21,215,766
211,311
302,627

1,222,157
219,388
333,171

13,151
190,256
374
2103,371

Net current operating earnings.......................
Recoveries, transfers from reserve accounts,
and profits— to ta l..........................................
On securities:
Recoveries...........................................................
Transfers from reserve accounts................... }
Profits on securities sold or redeemed.........
On loans:
Recoveries...........................................................
Transfers from reserve accounts................... }
All other...................................................................
Losses, charge-offs, and transfers to reserve
accounts— to ta l...............................................
On securities:
Losses and charge-offs......................................
Transfers to reserve accounts........................ }
On loans:
Losses and charge-offs......................................
Transfers to reserve accounts........................ }
All other...................................................................




1948

1949

2,482,278
1,132,977
167,198
707,738
18,860
109,789

2,862,875
1,218,517
176,620
936,554
14,564
124,696

3,097,670
1,079,535
179,408
1,263,788
18,386
147,761

3,403,586
1,008,138
189,559
1,577,633
22,315
173,791

3,606,879
1,013,515
201,691
1,733,690
26,090
194,013

78,485
112,486
128,278

90,617
120,317
134,782

97,995
140,340
153,589

97,264
144,734
166,794

97,456
156,678
178,016

95,420
160,430
182,030

1,256,025
225,142
356,958

1,356,680
240,354
386,346

1,522,778
266,018
424,881

1,762,634
309,220
521,709

1,981,787
344,845
602,266

2,163,514
381,756
662,696

2,283,727
410,685
700,065

11,541
174,674
336
97,085

11,775
163,900
502
99,915

12,907
186,773
97,307

14,610
233,321
2,448
98,683

16,936
268,624
2,364
96,314

18,954
298,274
2,656
103,516

20,859
316,570
3,432
106,163

22,608
328,010
3,582
113,569

*64,414
330,262

39,917
346,045

40,008
357,825

41,845
390,036

40,329
442,488

40,850
506,617

42,276
569,000

48,271
623,767

53,988
651,219

2514,135

568,535

703,456

858,225

959,500

1,100,241

1,115,883

1,240,072

1,323,153

324,453

222,775

353,015

361,726

509,329

408,608

262,042

266,439

213,187

29,221
24,161
60,025

16,412
26,672
73,196

39,748
48,934
64,350

23,142
28,220
45,546

|
w
139,698
1

2,214,905

1947

1 ,1 1 2

73,589
145,189

55,947
66,457

91,891
103,143

92,778
129,834

122,364
266,764

59,515
208,700

/
45,360 \
100,189

70,947
34,728

68,546
31,825

85,664
72,317

84,224
54,890

67,014
53,187

74,499
65,894

/
67,687 \
48,806

333,966

271,118

290,645

265,881

264,122

283,175

294,286

485,753

379,824

78,590
40,941

38,671
33,044

32,393
278,666
55,163

29,064
221,167
57,878

161,073

120,614

116,383

110,439

132,870

132,254

/
118,498 \

103,868
69,025

80,647
69,857

75,223
99,039

70,090
85,352

55,901
75,351

71,253
79,668

/
120,370 \
55,418

CO R POR ATIO N

1,959,481

610,298
804,717
12,084
84,309

1946

INSURANCE

1,790,692

509,175
847,832

1945

B a n k s , 1 9 4 1 -1 9 4 9

DEPOSIT

1,729,901

o m m e r c ia l

FEDERAL

Current operating earnings— to ta l................
Interest on U. S. Government obligations. . .
Interest and dividends on other securities.. . . }
Interest and discount on loans..........................
Service charges and fees on bank’s loans........
Service charges on deposit accounts................. ,
Other service charges, commissions, fees, and
collection and exchange charges....................
Trust department..................................................
Other current operating earnings......................

E

2
504,622

520,192

765,826

954,070

1,204,707

1,225,674

1,083,639

1,020,758

1,156,514

Taxes on net income— to ta l..............................
Federal.....................................................................
State .........................................................................

450,000
0)
0)

79,541
0)
0)

127,865
114,316
13,549

202,821
187,032
15,789

298,795
277,538
21,257

323,328
301,048
22,280

302,242
283,046
19,196

275,422
258,490
16,932

325,148
304,572
20,576

Net profits after incom e taxes..........................

454,622

440,651

637,961

751,249

905,912

902,346

781,397

745,336

831,364

Dividends and interest on capital— t o t a l...
Dividends declared on preferred stock and
interest on capital notes and debentures.. .
Cash dividends declared on common stock.. .

253,396

227,608

233,490

253,193

274,438

298,983

315,215

331,833

354,144

17,563
235,833

14,523
213,085

14,324
219,166

13,645
239,548

11,769
262,669

8,345
290,638

5,981
309,234

5,230
326,603

5,093
349,052

Net additions to capital from profits...........

201,226

213,043

404,471

498,056

631,474

603,363

466,182

413,503

477,220

M emoranda
Recoveries credited to reserve accounts (not
included in recoveries above):
On securities............................................................
On loans...................................................................
Losses charged to reserve accounts (not included
in losses above):
On securities...........................................................
On loans...................................................................

V)
0)

(l)

0)
0)

0)
C)
1

0)
0)

0)
0)

0)
(0

0)
0)

7,224
10,844

2,600
19,645

0)
0)

0)
0)

(1)
0)

(!)
(!)

0)
0)

C)
1
0)

18,031
46,487

6,104
72,978

123,168,863
28,042,727
67,231,161
6,088,482
20,310,112
1,496,381

145,217,438
31,236,090
82,417,236
6,623,089
23,500,772
1,440,251

151,896,770
33,286,775
81,835,381
7,556,923
27,768,296
1,449,395

148,170,261
34,279,792
70,229,835
8,315,081
33,863,334
1,482,219

150,726,513
36,247,026
64,291,298
8,872,676
39,650,962
1,664,551

151,566,078
35,683,829
63,080,739
9,387,984
41,670,879
1,742,647

Liabilities and capital— to ta l............................
Total deposits.........................................................
Demand deposits.................................................
Time and savings deposits................................
Borrowings and other liabilities........................
Total capital accounts.........................................

73,510,130
66,168,797
50,327,1+62
15,8hi ,335
578,370
6,762,963

83,666,451
76,134,514
60,21+5,967
15,888,51+7
580,544
6,951,393

103,370,189
95,506,221
77,878,606
17,627,615
617,535
7,246,433

123,168,863
114,682,390
93,267,111+
21,1+15,276
768,280
7,718,193

145,217,438
135,948,387
108,968,917
26,979,1+70
934,381
8,334,670

151,896,770
141,829,678
109,890,600
31,939,078
1,057,079
9,010,013

148,170,261
137,537,907
103,159,251+
31+,378,653
1,104,386
9,527,968

150,726,513
139,517,461
101+,195,063
35,322,398
1,257,852
9,951,200

151,566,078
139,764,394
103,862,159
35,902,235
1,380,578
10,421,106

Number of active officers, December 3 1 .............
Number of other employees, December 3 1 ........

57,067
211,115

54,925
216,473

55,309
225,647

56,494
229,377

59,119
245,275

62,697
271,395

65,740
284,072

67,609
292,015

69,439
296,308

Number of banks, December 318..........................

13,427

13,347

13,274

13,268

13,302

13,359

13,403

13,419

13,436

Note: Due to rounding, earnings data of State banks for 1949 may not add precisely to the indicated totals.
1 Not available.
2 Differs from reported figures as a result of the estimate made of taxes on net income. See footnote 4.
3 For banks not submitting reports to FDIC, consists of regular and extraordinary depreciation allowances on banking house, furniture and fixtures. For banks submitting
reports to FD IC, consists of regular depreciation allowances on banking house, furniture and fixtures plus other expenses of occupancy and maintenance of banking quarters.
4 Estimated; based upon Bureau of Internal Revenue figures of income taxes paid by all banks and trust companies for 1941. Banks submitting reports to the FDIC have
reported income taxes separately since 1936.
5 Asset and liability items are averages of figures reported at beginning, middle, and end of year.
6 In 1941 excludes 3 trust companies not engaged in deposit banking, which submit reports to FDIC.
Back figures: See the Annual Report for 1941, pp. 158-159.




BANKS

103,370,189
26,774,094
50,315,698
6,321,794
18,380,838
1,577,765

INSURED

83,666,451
25,922,701
29,231,826
6,802,771
20,030,625
1,678,528

O
F

73,510,130
25,693,758
19,160,565
6,997,406
19,857,387
1,801,014

DIVIDENDS

Average assets and liabilities 5
Assets— to ta l............................................................
Cash and due from banks...................................
United States Government obligations...........
Other securities......................................................
Loans and discounts.............................................
All other assets.......................................................

EA R N IN G S, E X P E N S E S , AND

Net profits before incom e taxes.......................

T a b le 1 1 2 .

R a t i o s o f E a r n in g s , E x p e n s e s , a n d D iv id e n d s o f I n s u r e d C o m m e r c ia l B a n k s , 1 9 4 1 -1 9 4 9

Earnings or expense item

1943

1942

1944

1945

$ 100.00

$ 100.00

29.43
49.01

34.08
45.61
4.71

43.96
36.02
4.87

/
49.22 \
31.52
4.85

3.08
12.52

3.45
11.70

f

$ 100.00

1948

1947

1949

$ 100.00
45.64
6.74
29.27
4.42

$ 100.00
42.56
6.17
33.22
4.36

$ 100.00
34.85
5.79
41.39
4.77

$ 100.00
29.62
5.57
47.01
5.11

$ 100.00
28.10
5.59
48.79
5.38

3.54
10.87

3.65
10.28

3.42
10.27

3.14
10.06

2.86

9.83

2.65
9.49

64.10
30.31
8.36
5.10

61.25
28.88
8.43
4.39

61.35
28.42
9.40
3.98

61.57
29.62
9.38
3.36

63.98
31.19
9.63
3.34

63.57
31.30
9.30
3.12

63.32
31.42
9.10
3.15

8.08
[
13.48

15.98

68.25
31.50
9.76
5.42

23.72
19.11

2.23
19.34

2.04
18.29

1.89
17.66

1.62
17.93

1.43
17.78

1.36
18.46

1.42
18.43

1.50
18.15

Net current operating earnings.......................

129.72

31.75

35.90

38.75

38.65

38.43

36.02

36.43

36.68

2.35
11.65
i.70

2.14
1.46

1.88

2.26
1.44
.82

2.38
1.51
.87

Am ounts per $100 of total assets*
Current operating earnings— total........................
Current operating expenses— total........................
Net current operating earnings..............................
Recoveries, transfers from reserve accounts,
and profits— total..................................................
Losses, charge-offs, and transfers to reserve ac­
counts— total..........................................................
Net profits before income taxes.............................
Net profits after income taxes................................
A m ounts per $100 of total capital
accounts 3
Net current operating earnings..............................
Recoveries, transfers from reserve accounts,
and profits— total..................................................
Losses, charge-offs, and transfers to reserve
accounts— total......................................................
Net profits before income taxes.............................
Taxes on net income.................................................
Net profits after income taxes................................
Cash dividends declared...........................................
Net additions to capital from profits...................




11.0 0

.68

1.90

1.80

1.2 2
.68

1 .1 0

1.71
1.05

.70

.66

1.16
.72

2.09
1.34
.75

.44

.26

.34

.29

.35

.27

.18

.18

.14

.45
i.69
.62

.32
.62
.53

.28
.74
.62

.22

.18
.81
.59

.20

.32

.77
.61

.18
.83
.62

.73
.53

.68

.49

.25
.76
.55

17.60

8.18

9.71

1 1 .1 2

11.51

12 .2 1

11.71

12.46

12.70

4.80

3.20

4.87

4.69

6 .1 1

4.53

2.75

2.68

2.04

4.93
17.47
«.75
6.72
3.75
2.97

3.90
7.48
1.14
6.34
3.28
3.06

4.01
10.57
1.75
8.82
3.23
5.59

3.45
12.36
2.63
9.73
3.28
6.45

3.16
14.46
3.59
10.87
3.29
7.58

3.14
13.60
3.59

3.09
11.37
3.17

10 .0 1

8.20

3.32
6.69

3.31
4.89

4.88
10.26
2.77
7.49
3.33
4.16

3.64
1 1 .1 0

3.12
7.98
3.40
4.58

C O R PO R ATION

170.28
30.47

INSURANCE

Current operating expenses— to ta l................
Salaries, wages, and fees.....................................
Interest on time and savings deposits.............
Taxes other than on net income........................
Recurring depreciation on banking house,
furniture and fixtures.......................................
Other current operating expenses......................

DEPOSIT

$ 100.00

1946

FEDERAL

A m ounts per $100 of current operating
earnings
Current operating earnings— to ta l................
Interest on U. S. Government obligations. . .
Interest and dividends on other securities___ }
Income on loans.....................................................
Service charges on deposit accounts................. ]
Other service charges, commissions, fees, and |
collection and exchange charges....................
Other current operating earnings......................

1941

S p e c ia l ratios*
Income on loans per $100 of loans........................
Income on securities per $100 of securities........
Service charges per $100 of demand deposits. . .
Interest paid per $100 of time and savings
deposits..................................................................

4.27
1.95
(5
)

4.08
1.69
.14

3.85
1.52

3.44
1.49

3.09
1.46

3.43
1.56

.12

.10

.1 1

3.79
1.60
.14

4.04
1.64
.17

4.22

.12

1.20

1.10

.93

.87

.87

.84

.87

.90

.91

A sse ts a n d lia b ilitie s per $100 o f tota l
assets*
A sse ts— t o t a l .............................................
Cash and due from banks...................................
United States Government obligations...........
Other securities......................................................
Loans and discounts.............................................
All other assets.......................................................

100.00
34.95
26.07
9.52
27.01
2.45

100.00
30.98
34.94
8.13
23.94

100.00
25.91
48.70

100.00
21.91
53.88
4.98
18.28
.95

100.00
24.05
42.65
5.89
26.31

1 .2 1

100.00
21.51
56.76
4.56
16.18
.99

100.00
23.14
47.40
5.61
22.85

2.01

17.75
1.53

100.00
22.77
54.59
4.94
16.49

100.00
23.55
41.62
6.19
27.49
1.15

L ia b ilitie s a n d c a p ita l— t o t a l.....................
Total deposits.......................................................
Demand deposits...............................................
Time and savings deposits................................
Borrowings and other liabilities........................
Total capital accounts.........................................

100.00
90.01
6846
21.55
.79
9.20

100.00
91.00
72.01
18.99
.69
8.31

100.00
92.39
75.89
17.00
.60
7.01

100.00
93.11
75.72
17.89
.62
6.27

100.00
93.62
75.0 U
18.58
.64
5.74

100.00
93.37
72.8 k
21.08
.70
5.93

100.00
92.82
69.62
28.20
.75
6.43

100.00
92.56
69.18
28.U
S
.84
6.60

100.00
92.21
68.52
28.69
.91

Number of banks, December 31®..........................

13,427

13,347

13,274

13,268

13,302

13,359

13,403

13,419

13,436

1.00

1.1 0

.19

6.88

O
F
INSURED
BANKS




DIVIDENDS

1 Differs from reported figures as a result of the estimate made of taxes on net income. See footnote 4 .
2 For banks not submitting reports to FDIC, consists of regular and extraordinary depreciation allowances on banking house, furniture and fixtures. For banks submitting
reports to F D IC , consists of regular depreciation allowances on banking house, furniture and fixtures plus other expenses of occupancy and maintenance of banking quarters.
3 Asset and liability items are averages of figures reported at beginning, middle, and end of year.
4 Estimated; based upon Bureau of Internal Revenue figures of income taxes paid by all banks and trust companies for 1941. Banks submitting reports to the FDIC have
reported income taxes separately since 1936.
6 Not available.
• In 1941, excludes 3 trust companies not engaged in deposit banking, which submit reports to FDIC.

E AR N IN G S, E X P E N S E S , AND

6 .1 1

1.68

Table 113.

E a r n in g s, E x p e n s e s,

and

D

iv id e n d s

of

I n s u r e d C o m m e r c ia l B a n k s ,

1949

BY CLASS OF BANK

(Amounts in thousands of dollars)

Total
National

State

Not
members
F. R.
System

Operating
throughout
the year

FEDERAL

Members F. R. System
Earnings or expense item

Operating
less than
full year1

986,745
278,807
51,000
439,396
7,178
48,782

621,695
154,552
33,220
328,207
4,658
36,057

3,591,168
1,010,333
200,978
1,727,556
25,922
193,354

15,711
3,183
713
6,134
168
660

95,420
160,430
182,030

41,763
60,340
109,194

22,728
91,041
47,812

30,929
9,049
25,024

95,147
156,780
181,100

274
3,650
931

C u r r e n t o p e ra tin g expenses— t o t a l....................................................
Salaries— officers.........................................................................................................
Salaries and wages— employees..............................................................................
Fees paid to directors and members of executive, discount, and other
committees..............................................................................................................
Interest on time and savings deposits..................................................................
Interest and discount on borrowed money.........................................................
Taxes other than on net income............................................................................
Recurring depreciation on banking house, furniture and fixtures.................
Other current operating expenses..........................................................................

2,283,727
410,685
700,065

1,244,144
211,057
386,939

644,414
107,075
220,953

395,169
92,553
92,173

2,272,155
408,436
696,642

11,573
2,250
3,423

22,608
328,010
3,582
113,569
53,988
651,219

10,804
183,057
1,687
65,568
30,550
354,482

5,258
77,853
1,649
30,705
13,347
187,572

6,546
67,100
246
17,296
10,091
109,165

22,520
326,609
3,572
113,245
53,822
647,310

N e t c u rre n t o p e ra tin g e a r n in g s ........................................................

1,323,153

754,295

342,331

226,527

1,319,014

4,138

Recoveries, tra n sfe rs fr o m reserve a cc o u n ts, a n d profits— t o t a l........
On securities:
Recoveries.....................................................
Transfers from reserve accounts........................................................................
Profits on securities sold or redeemed..............................................................
On loans:
Recoveries................................................................................................................
Transfers from reserve accounts........................................................................
All other.......................................................................................................................

213,187

117,347

65,114

30,726

209,002

4,185

16.412
26,672
73,196

6.136
15',44 5
40,116

7.308
6,SU
23,817

2.968
41383
9,263

15,628
26,672
72,333

863

23,142
28,220
45,546

13,430
11,463
30,757

4,695
13,455
8,996

5,017
3,302
5,793

23,007
28,156
43,205

133
64
2,341




88

1,401
11

324
167
3,909

784

COR PO R ATIO N

1,998,439
580,156
117,471
966,087
14,254
109,174

INSURANCE

3,606,879
1,013,515
201,691
1,733,690
26,090
194,013

DEPOSIT

C u r r e n t o p e ra tin g e a rn in g s — t o t a l....................................................
Interest on United States Government obligations..........................................
Interest and dividends on other securities..........................................................
Interest and discount on loans...............................................................................
Service charges and fees on bank’s loans.............................................................
Service charges on deposit accounts......................................................................
Other service charges, commissions, fees, and collection and exchange
charges......................................................................................................................
Trust department......................................................................................................
Other current operating earnings..........................................................................

Losses, charge-offs, and transfers to reserve accounts— tota l................
On securities:
Losses and charge-offs..........................................................................................
Transfers to reserve accounts............................................................................
On loans:
Losses and charge-offs..........................................................................................
Transfers to reserve accounts............................................................................
All other.......................................................................................................................

379,824

204,656

113,202

61,966

376,639

3,187

38,671
33,044

21,248
18,310

9,601
9,693

7,822
5,041

37,996
33,043

676

29,064
221,167
57,878

14,201
122,033
28,864

4,951
69,215
19,742

9,912
29,919
9,272

28,723
219,668
57,210

341
1,499
669

N et profits before incom e taxes...........................................................................

1,156,514

666,986

294,243

195,285

1,151,377

5,137

Taxes on net income— t o ta l..................................................................................
Federal.........................................................................................................................
State..............................................................................................................................

325,148
304,572
20,576

193,428
182,425
11,003

81,638
74,644
6,994

50,082
47,503
2,579

323,829
303,366
20,463

1,319
1,207
113

N et profits after incom e taxes..............................................................................

831,364

473,558

212,605

145,201

827,546

3,818

Dividends and interest on capital— to ta l........................................................
Dividends declared on preferred stock and interest on capital notes and
debentures...............................................................................................................
Cash dividends declared on common stock........................................................

354,144

204,253

108,413

41,478

353,168

976

5,093
349,052

1,097
203,156

2,391
106,022

1,605
39,874

5,067
348,102

26
949

N et additions to capital from profits...............................................................

477,220

269,305

104,192

103,723

474,378

2,842

Memoranda
Recoveries credited to reserve accounts (not included in recoveries above):
On securities................................................................................................................
On loans.......................................................................................................................
Losses charged to reserve accounts (not included in losses above):
On securities................................................................................................................
On loans.......................................................................................................................

2,600
19,645

1,380
12,828

1,019
4,684

201
2,133

2,600
19,582

63

6,104
72,978

2,338
44,919

2,806
16,936

960
11,123

6,104
71,988

’ 990

Average assets and liabilities 2
Assets— to ta l.................................................................................................................
Cash and due from banks.......................................................................................
United States Government obligations...............................................................
Other securities..........................................................................................................
Loans and discounts.................................................................................................
All other assets...........................................................................................................

151,566,078
35,683,829
63,080,739
9,387,984
41,670,879
1,742,647

87,575,158
21,430,969
36,166,834
5,565,035
23,369,905
1,042,415

43,434,107
10,547,673
17,878,564
2,281,463
12,208,771
517,636

20,556,813
3,705,187
9,035,341
1,541,486
6,092,203
182,596

Liabilities and capital— to ta l................................................................................
Total deposits.............................................................................................................
Demand deposits.....................................................................................................
Time and savings deposits....................................................................................
Borrowings and other liabilities............................................................................
Total capital accounts.............................................................................................

151,566,078
139,764,394
103,862,159
85,902,235
1,380,578
10,421,106

87,575,158
80,912,920
61,077,962
19,83^,958
865,072
5,797,166

43,434,107
39,813,217
30,1+53,985
9,359,232
420,627
3,200,263

20,556,813
19,038,257
12,330,212
6,708,01+5
94,879
1,423,677

Number of active officers, December 3 1 .................................................................
Number of other employees, December 31............................................................

69,439
296,308

33,195
161,538

14,248
88,811

21,996
45,959

69,125
295,376

314
932

Number of banks, December 31................................................................................

13,436

4,975

1,914

6,547

13,356

O
F
INSURED
BANKS




DIVIDENDS

Back figures: See Table 111, p. 160. See also the Annual Report for 1948, pp. 112-113, and earlier reports.

E AR N IN G S, E X P E N S E S , AND

Note: Due to rounding, earnings data of State banks may not add precisely to the indicated totals.
1 Includes banks operating less than full year and trust companies not engaged in deposit banking.
2 Asset and liability items are averages of figures reported at beginning, middle, and end of year.

1

Oi
Oi

Table 114.

R a t io s

op

E a r n in g s , E x p e n s e s ,

and

D

iv i d e n d s

of

I n s u r e d C o m m e r c ia l B a n k s , 1949

BY CLASS OF BANK
Members F. R . System
State

National

$ 100.00
29.03
5.88
49.06
5.46
2.09
8.48

$ 100.00
28.26
5.17
45.26
4.94
2.30
14.07

$ 100.00
24.86
5.34
53.54
5.80
4.98
5.48

Current operating expenses— total . .
..........................................................................................
Salaries, wages, and fees......................................................................................................................................
Interest on time and savings deposits..............................................................................................................
Taxes other than on net income........................................................................................................................
Recurring depreciation on banking house, furniture and fixtures.............................................................
Other current operating expenses......................................................................................................................

63.32
31.42
9.10
3.15
1.50
18.15

62.26
30.47
9.16
3.28
1.53
17.82

65.31
33.78
7.89
3.11
1.35
19.18

63.56
30.77
10.79
2.78
1.62
17.60

N et current operating e a r n in g s ......................................................................................................................

36.68

37.74

34.69

36.44

2.38
1.51
.87
.14
.25
.76
.55

2.28
1.42

2.27
1.48
.79
.15
.26

3.02
1.92

A m ounts per $100 of total assets 1
Current operating earnings— total.........................................................................................................................
Current operating expenses— total........................................................................................................................
Net current operating earnings...............................................................................................................................
Recoveries transfers from reserve accounts, and profits— total...................................................................
Losses charge-offs and transfers to reserve accounts— total.................................... ...................................
Net profits after income ta x ^ .................................................................................................................................

.86

.13
.23
.76
.54

.68

.49

1.10

.15
.30
.95
.71

Memoranda
Recoveries credited to reserve accounts (not included in recoveries above):
(2
)

(2
)

(2
)

(2
)

.01

.01

.01

.01

(2
)
.05

(2
)
.05

.01

(2
)
.05

Losses charged to reserve accounts (not included in losses above):




.04

CO R PO R ATIO N

$ 100.00
28.10
5.59
48.79
5.38
2.65
9.49

INSURANCE

Interest on United States Government obligations......................................................................................
Interest and dividends on other securities......................................................................................................
Income on loans......................................................................................................................................................
Service charges on deposit accounts .........
........................................................................................
Other service charges, commissions, fees, and collection and exchange charges...................................
Other current operating earnings ..................................................................................................................

DEPOSIT

A m ounts per $100 of current operating earnings

Not
members
F. R.
System

Total

FEDERAL

Earnings or expense item

A m ounts per $100 of total capital accounts 1
Net current operating earnings...........................................................................................................
Recoveries, transfers from reserve accounts, and profits— total...................................................................
Losses, charge-offs, and transfers to reserve accounts— total........................................................................
Net profits before income taxes.....................................................................................................................
Taxes on net income...........................................................................................................................................
Net profits after income taxes..........................................................................................................................
Cash dividends declared.....................................................................................................................................
Net additions to capital from profits....................................................................................................................

.03
.15

.01
.10

.06
.70

.04
.77

.09
.53

.07
7a
IO

4.22
.19
.91

4.19
1.67
.18
.92

3.66
1.64
.16
.83

5.46
1.78
.29

100.00

100.00

23.55
41.62
6.19
27.49
1.15

100.00

24.47
41.30
6.35
26.69
1.19

100.00

24.29
41.16
5.25
28.11
1.19

18.02
43.95
7.50
29.64
.89

Liabilities and capital— to ta l............................................................................................................................
Total deposits.........................................................................................................................................................
Demand deposits.................................................................................................................................................
Time and savings deposits.................................................................................................................................
Borrowings and other liabilities.........................................................................................................................
Total capital accounts..........................................................................................................................................

100.00

100.00

92.21
68.52
23.69
.91

100.00

100.00

6.88

92.39
69.71*
22.65
.99
6.62

91.66
70.11
21.55
.97
7.37

92.61
59.98
32.63
46
6^93

Number of banks, December 31......................................................................................................................

13,436

4,975

1,914

6,547

Special ratios 1
Income on loans per $100 of loans........................................................................................................................
Income on securities per $100 of securities.........................................................................................................
Service charges per $100 of demand deposits.....................................................................................................
Interest paid per $100 of time and savings deposits........................................................................................
Assets and liabilities per $100 of total assets 1
Assets— t o ta l.............................................................................................................................................................
Cash and due from banks...................................................................................................................................
United States Government obligations............................................................................................................
Other securities..................................................................................................................................................
Loans and discounts..............................................................................................................................................
All other assets.......................................................................................................................................................




1.68

2 91
7.29

.

1.00

BANKS

1 Asset and liability items are averages of figures reported at beginning, middle, and end of year.
2 Less than .005.
Back figures: See Table 112, p. 162. See also the Annual Report for 1948, pp. 114-115, and earlier reports.

.02

10.20

INSURED

.02
.22

3.12
7.98
3.40
4.58

O
F

.19

1 1 .1 0

15.91
2.16
4.35
13.72
3.52

DIVIDENDS

10.70
2.03
3.54
9.19
2.55
6.64
3.39
3.25

E A R N IN G S. E X P E N S E S, AND

13.01
2.03
3.53
11.51
3.34
8.17
3.52
4.65

Memoranda
Recoveries credited to reserve accounts (not included in recoveries above):
On securities............................................................................................................................................................
On loans................................................................................................................................................
Losses charged to reserve accounts (not included in losses above):
On securities............................................................................................................................................................
On loans.............................................................................................................................................................

12.70
2.04
3.64

Table 115.

E a r n in g s , E x p e n s e s ,

and

D

iv id e n d s

of

I n s u r e d C o m m e r c ia l B a n k s O p e r a t i n g T h r o u g h o u t 1949

BANKS GROUPED ACCORDING TO AMOUNT OF DEPOSITS

Banks with deposits of— 2
Earnings or expense item
All
banks1

$500,000
or
less

$500,000
to
$1 ,000,000

$ 1 ,000,000
to
$2 , 000,000

672,509
190,620
38,444
320,093
4,093
48,097

275,172
77,765
12,733
126,922
1,984
16,200

1,671,672
483,021
95,101
760,300
14,567
69,033

16,272
1,519
10,471

11,039
3,748
11,653

16,925
20,634
33,603

5,873
13,643
20,053

31,770
117,012
100,868

93,076
30,232
15,033

243,401
64,580
48,884

228,252
48,633
56,275

444,458
77,180
129,412

187,095
29,194
61,948

1,039,288
144,512
380,314

DEPOSIT

760
3,873
34
1,424

2,319
14,222
92
4,431

5,492
42,775
214
12,139

3,822
41,081
128
11,278

4,777
73,240
296
22,370

1,336
23,428
157
8,977

3,893
127,585
2,647
52,356

116
1,538

772
8,384

2,480
24,267

7,157
62,160

6,848
60,187

12,390
124,794

5,143
56,912

18,914
309,068

1,319,014

3,075

20,118

62,335

152,580

132,398

228,051

88,077

632,383

209,002

326

1,634

4,458

13,715

14,642

36,578

21,628

116,021

15,628
26,672
72,333

13
40

114
15
334

388
134
1,029

1,357
474
4,081

2,250
515
4,893

3,802
2,395
14,900

2,982
3,725
7,973

4,720
19,417
39,085

23,007
28,156
43,205

149
8
117

783
67
323

1,743
214
952

3,974
1,170
2,661

3,042
1,381
2,562

4,681
3,137
7,662

1,670
1,690
3,588

6,966
20,491
25,342

376,639

704

3,908

12,278

35,596

35,515

71,341

31,195

186,102

37,996
33,043

43
15

417
69

1,618
336

5,146
1,079

5,649
1,20 2

9,029
5,065

5,118
1,782

10,975
23,495

28,723
219,668
57,210

363
116
166

1,865
910
647

4,292
4,224
1,808

7,777
15,563
6,033

4,601
18,410
5,652

4,514
41,831
10,902

1,394
18,182
4,719

3,917
120,435
27,280

51,290
12,317
1,952
29,510
355
2,648

95,147
156,780
181,100

777
14
191

3,539
25
943

8,952
185
3,317

Current operating expenses— to ta l...............................
Salaries— officers...................................................................
Salaries and wages— employees........................................
Fees paid to directors and members of executive,
discount, and other committees...................................
Interest on time and savings deposits............................
Interest and discount on borrowed money....................
Taxes other than on net income.......................................
Recurring depreciation on banking house, furniture
and fixtures........................................................................
Other current operating expenses.....................................

2,272,155
408,436
696,642

5,413
2,300
654

31,173
11,805
4,123

22,520
326,609
3,572
113,245

122

408
7
269

53,822
647,310

Net current operating earnings......................................




CO R PO R ATIO N

8,487
1,571
249
5,187
72
426

INSURANCE

thousands of dollars)
360,650
395,979
97,734
106,668
23,086
22,019
212,704
187,158
1,858
2,304
24,996
23,401

3,591,168
1,010,333
200,978
1,727,556
25,922
193,354

Losses, charge-offs, and transfers to reserve ac­
counts— to ta l..................................................................
On securities:
Losses and charge-offs.....................................................
Transfers to reserve accounts.......................................
On loans:
Losses and charge-offs.....................................................
Transfers to reserve accounts.......................................
All other..................................................................................

$5,000,000 $ 1 0 ,000,000 $50,000,000
More than
to
to
to
$ 10 0 ,000,000
$ 1 0 ,000,000 $50,000,000 $ 100 , 000,000

FEDERAL

(Amount!3 in
155,411
40,636
7,394
85,682
691
8,553

Current operating earnings— to ta l...............................
Interest on United States Government obligations. . .
Interest and dividends on other securities.....................
Interest and discount on loans.........................................
Service charges and fees on bank’s loans.......................
Service charges on deposit accounts................................
Other service charges, commissions, fees, and col­
lection and exchange charges........................................
Trust department.................................................................
Other current operating earnings.....................................

Recoveries, transfers from reserve accounts, and
profits— to ta l..................................................................
On securities:
Recoveries..........................................................................
Transfers from reserve accounts..................................
Profits on securities sold or redeemed........................
On loans:
Recoveries..........................................................................
Transfers from reserve accounts..................................
All other..................................................................................

$2 , 000,000
to
$5,000,000

54,516

130,699

111,525

193,287

78,510

562,302

3,420
3,199
221

10,991
10,312
679

31,186
29,786
1,401

31,722
30,546
1,177

57,410
55,025
2,385

23,115
21,928
1,187

165,468
152,088
13,380

Net profits after incom e taxes........................................

827,546

2,180

14,424

43,525

99,512

79,803

135,875

55,395

396,834

Dividends and interest on capital— to ta l..................
Dividends declared on preferred stock and interest on
capital notes and debentures........................................
Cash dividends declared on common stock...................

353,168

622

3,781

11,532

29,333

24,197

48,553

21,094

214,058

5,067
348,102

10

612

54
3,727

169
11,363

625
28,708

528
23,670

1,289
47,262

1,164
19,930

1,227
212,830

N et additions to capital from profits..........................

474,378

1,559

10,642

31,993

70,179

55,605

87,323

34,302

182,776

M emoranda
Recoveries credited to reserve accounts (not included in
recoveries above):
On securities...................................................
On loans.........................................................
Losses charged to reserve accounts (not included in
losses above):
On securities..........................................................................
On loans.............................................................

2,600
19,582

4
95

23
375

115

15

1 ,2 1 1

95
1,605

285
2,942

40
1,408

2,038
11,930

6,104
71,988

1

8

61

382

114
1,539

174
5,450

267
7,087

744
13,186

572
5,878

4,225
38,404

Average assets and liabilities 3
Assets— to ta l...............................................................
154,726,757
Cash and due from banks...............................................
35,001,276
United States Government obligations.......................... 65,786,329
Other securities..............................................................
9,932,163
Loans and discounts.......................................................
42,241,278
All other assets.................................................................
1,765,711

240,037
65,686
85,318
9,447
77,867
1,719

1,604,103
355,138
665,907
82,433
491,402
9,223

5,226,692
1,115,023
2,246,036
313,657
1,519,100
32,876

14,149,805
2,939,228
6,048,120
1,063,065
3,995,545
103,847

13,380,189
2,711,942
5,810,097
1,105,707
3,634,151
118,292

26,885,271
5,667,569
12,108,524
1,996,949
6,805,992
306,237

11,833,949
2,657,739
5,225,050
713,119
3,081,187
156,854

81,406,711
19,488,951
33,597,277
4,647,786
22,636,034
1,036,663

Liabilities and capital— to ta l.......................................... 154,726,757
Total deposits.....................................................
142,690,649
Demand deposits.............................................
106,898,61*8
Time and savings deposits............................................... 35,792,001
Borrowings and other liabilities.......................................
1,472,034
Total capital accounts........................................................ 10,564,074

240,037
213,985
177,513
86,1*72
720
25,332

1,604,103
1,464,664
1,106,1*91
358,178
3,769
135,670

5,226,692
4,820,151
3,1*1*8,372
1,371,779
10,375
396,166

14,149,805
13,109,706
8,852,897
1*,256,809
36,478
1,003,621

13,380,189
12,435,824
8,01*9,71*7
1*,386,077
48,774
895,591

26,885,271
25,040,273
16,61*8,591*
8,391,679
139,424
1,705,574

11,833,949
11,019,124
8,090,1*81*
2,928,61*0
88,430
726,395

81,406,711
74,586,922
60,521*,550
11*,062,372
1,144,064
5,675,725

69,125
295,376

1,073
603

4,388
3,186

9,050
9,638

15,358
26,646

9,243
27,425

11,329
58,892

3,593
26,647

15,091
142,339

Number of banks, December 31 ..........................................

13,356

563

1,918

3,290

4,175

1,797

1,272

160

181

Note: Due to rounding, earnings data of State banks may not add precisely to the indicated totals.
1 This group of banks is the same as the group shown in Table 113 under the heading “ Operating throughout the year.”
2 Deposits are as of December 31, 1949.
» Asset and liability items are averages of figures reported at beginning, middle, and end of year for banks submitting reports to FDIC and are as of December 31. 1949.
for banks not submitting reports to FD IC .
Back figures: See the Annual Report for 1948, pp. 116-117, and earlier reports.
§




BANKS

Number of active officers, December 3 1 ...........................
Number of other employees, December 31.......................

INSURED

17,843

516
482
34

O
F

2,696

323,829
303,366
20,463

DIVIDENDS

1,151,377

E AR N IN G S. E X P E N SE S , AND

Net profits before incom e taxes.....................................
Taxes on net income— to ta l.............................................
Federal...........................................................
State.................................................................

h
-*

Table 116.

R

a t io s

of

E a r n in g s , E x p e n s e s ,

and

D

iv id e n d s

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

of

hroughout

1949

BANKS GROUPED ACCORDING TO AMOUNT OF DEPOSITS

Banks with deposits of— 2
Earnings or expense item
All
banks1

$500,000
to
$1 ,000,000

$1 , 000,000
to
$2 , 000,000

$2 , 000,000
to
$5,000,000

$5,000,000 $ 1 0 ,000,000 $50,000,000
More than
to
to
to
$ 10 0 , 000,000
$ 10 ,000,000 $50,000,000 $10 0 ,000,000

4.11
3.03

3.06
4.27

2.52
8.06

2.13
12.24

1.90
13.03

59.89
30.62
9.15
2.85

61.47
30.04
10.80
3.07

63.29
30.15
11.39
3.13

66.09
31.43
10.89
3.33

67.99
33.61
8.51
3.26

62.17
31.63
7.63
3.13

1.50
16.41

1.60
15.67

1.81
15.75

1.90
16.72

1.84
18.60

1.87
20.74

1.13
18.65

36.23

39.22

40.11

38.53

36.71

33.91

32.01

37.83

3.54
2.26
1.28

3.20
1.94
1.26

2.97
1.78
1.19

2.80
1.72
1.08

2.70
1.71
.99

2.50
1.65
.85

2.32
1.58
.74

2.05
1.27
.78

.13

.14

.10

.09

.10

.1 1

.14

.18

.14

.24
.74
.53

.29
1.13
.91

.25

.24
1.04
.83

.25
.93
.70

.27
.83
.60

.27
.72
.51

.26

.23
.69
.49

.01

.01

(4
)
.05

(4
)
.03

$ 100.00
24.01
3.81
58.23
5.16

$ 100.00
26.15
4.76
55.58
5.50

$ 100.00
26.94
5.83
54.18
5.91

$ 100.00
27.10

2.65
9.41

9.16
2.42

6.90
1.89

5.76
2.25

Current operating expenses— to ta l...............................
Salaries, wages, and fees....................................................
Interest on time and savings deposits............................
Taxes other than on net income.......................................
Recurring depreciation on banking house, furniture
and fixtures........................................................................
Other current operating expenses.....................................

63.27
31.40
9.09
3.15

63.77
36.24
4.80
3.17

60.78
32.54
7.55
2.78

1.50
18.13

1.36
18.20

Net current operating earnings......................................

36.73
2.32
1.47
.85

A m ounts per $100 of total assets 3
Current operating earnings— total.......................................
Current operating expenses— total.......................................
Net current operating earnings.............................................
Recoveries, transfers from reserve accounts, and
profits— total.....................................................................
Losses, charge-offs, and transfers to reserve accounts—
Net profits before income taxes............................................
Net profits after income taxes...............................................
Memoranda
Recoveries credited to reserve accounts (not included
in recoveries above):
On securities................................ ............ ...........................

w

1 .1 1

.90

6 .1 1

(4
)

(4
)

(4
)

(4
)

(4
)

(4
)
.03

(4
)
.04

(4
)
.05

.01

.01

.01

.01

Losses charged to reserve accounts (not included in
losses above):




.02

(4
)

.01

(4
)
.05

.66

.47

(4
)

(4
)

.01

.01

(4.05
)

.01

.05

CO R PO R ATIO N

$ 100.00
28.90
5.69
46.35
4.13

$ 100.00
18.51
2.93
61.96
5.02

INSURANCE

$ 100.00
28.26
4.63
46.85
5.89

$ 100.00
28.13
5.60
48.83
5.38

DEPOSIT

52.53
6.93

$ 100.00
28.34
5.72
48.21
7.15

FEDERAL

A m ounts per $100 of current operating
earnings
Current operating earnings— to ta l...............................
Interest on United States Government obligations. . .
Interest and dividends on other securities.....................
Income on loans....................................................................
Service charges on deposit accounts................................
Other service charges, commissions, fees, and col­
lection and exchange charges........................................
Other current operating earnings.....................................

$500,000
or
less

Am ounts per $100 of total capital accounts3
Net current operating earnings............................................
Recoveries, transfers from reserve accounts, and
profits— total.....................................................................
Losses, charge-offs, and transfers to reserve accounts—
total..................................................................
Net profits before income taxes............................................
Taxes on net income................................................................
Net profits after income taxes..............................................
Cash dividends declared.........................................................
Net additions to capital from profits................................

12.49

12.14

14.83

15.73

15.20

14.78

13.37

12 .1 2

11.14

1.98

1.28

1.20

1.13

1.37

1.63

2.14

2.98

2.04

3.57
10.90
3.07
7.83
3.34
4.49

2.78
10.64
2.04
8.60
2.45
6.15

2.88

13.15
2.52
10.63
2.79
7.84

3.10
13.76
2.77
10.99
2.91
8.08

3.55
13.02
3.11
9.91
2.92
6.99

3.96
12.45
3.54
8.91
2.70

4.18
11.33
3.36
7.97
2.85
5.12

4.29
10.81
3.18
7.63
2.91
4.72

3.27
9.91
2.92
6.99
3.77
3.22

.19

(4
)
.07

.01

.01
.12

.01

.02

.06

.18

.01

.17

.04

.19

.21

.06

(4
)
.24

.01

.03
.39

.02

.03
.79

.04
.77

.08
.81

.07

4.15
1.60
.18
.91

6.75
1.92
.24

5.69

5.37
1.82
.26

4.76
1.62
.29
.87

3.42
1.51

.20

.1 1

1.00

5.21
1.73
.31
.94

4.18
1.52

1 .1 2

6.08
1.91
.24
1.08

.80

.91

100.00

100.00

100.00

100.00

100.00

100.00

100.00

22.62
42.52
6.42
27.30
1.14

27.36
35.54
3.94
32.44
.72

22.14
41.51
5.14
30.63
.58

100.00

21.33
42.97

20.27
43.42
8.26
27.16
.89

21.08
45.04
7.43
25.31
1.14

100.00

29.07
.63

20.77
42.75
7.51
28.24
.73

22.46
44.15
6.03
26.04
1.32

23.94
41.27
5.71
27.81
1.27

Liabilities and capital— to ta l..........................................
Total deposits........................................................................
Demand deposits..............................................................
Time and savings deposits...............................................
Borrowings and other liabilities.......................................
Total capital accounts........................................................

100.00

100.00

100.00

100.00

100.00

100.00

100.00

100.00

92.22
69.09
23.13
.95
6.83

89.15
73.95
15.20
.30
10.55

91.31
68.98
22.33
.23
8.46

92.22
65.98
26.:2U

100.00

7.58

92.65
62.57
30.08
.26
7.09

92.94
60.16
32.78
.37
6.69

93.14
61.93
31.21
.52
6.34

93.11
68.36
2^.75
.75
6.14

91.62
7U.35
17.27
1.41
6.97

Number of banks, December 31..........................................

13,356

563

1,918

3,290

4,175

1,797

1,272

160

181

Memoranda
Recoveries credited to reserve accounts (not included
in recoveries above):
On securities..........................................................
On loans.................................................................
Losses charged to reserve accounts (not included in
losses above):
On securities........................................................................
On loans...............................................................................
Special ratios 3
Income on loans per $100 of loans......................................
Income on securities per $100 of securities.......................
Service charges per $100 of demand deposits...................
Interest paid per $100 of time and savings deposits. . . .
Assets and liabilities per $100 of total
assets 3
Assets— to ta l...........................................................................
Cash and due from banks..................................................
United States Government obligations..........................
Other securities.....................................................................
Loans and discounts............................................................
All other assets.....................................................................

.02

.68

.28

.09

1.88

.25
1.04

6.00

.20

.54

6 .2 1

.68

1 This group of banks is the same as the group shown in Table 113 under the heading “ Operating throughout the year.” These ratios differ slightly from the ratios for all
insured commercial banks shown in Tables 112 and 114.
2 Deposits are as of December 31, 1949.
3 Asset and liability items are averages of figures reported at beginning, middle, and end of year for banks submitting reports to FDIC and are as of December 31, 1949,
for banks not submitting reports to FD IC.
4 Less than .005.
Back figures: See the Annual Report for 1948, pp. 118-119, and earlier reports




Table 117.

E a r n in g s , E x p e n s e s ,

and

D

iv id e n d s

of

I n s u r e d C o m m e r c ia l B a n k s ,

by

S t a t e , 1949

(Amounts in thousands of dollars)

Earnings or expense item

U. S.and
possessions

Possessions United States

Alabama

Arkansas

Arizona

California

Colorado

Connecticut

Delaware

14,354

21,382

399,263

27,412

41,377

12,103

7,026
2,283
19,741
318
2,006

2,259
546
8,772
318
1,126

4,826
1,519
10,476
06
1,401

84,673
17,373
233,061
4,678
24,613

7,726
1,003
13,643
123
2,517

10,305
1,919
18,944
2,969

2,953
759
5,600
64
263

95,420
160,430
182,030

405
69

95,015
160,430
181,961

1,699
683
1,408

275
263
796

2,063
169
862

6,003
11,750
17,113

579
857
963

571
3,949
2,610

115
2,043
307

C u r r e n t o p e ra tin g expenses— t o t a l..........
Salaries— officers..................................................
Salaries and wages— employees.......................
Fees paid to directors and members of
executive, discount, and other committees
Interest on time and savings deposits...........
Interest and discount on borrowed money. .
Taxes other than on net income. ....................
Recurring depreciation on banking house,
furniture and fixtures.....................................
Other current operating expenses...................

2,283,727
410,685
700,065

1,165
235
401

2,282,562
410,450
699,664

20,019
4,552
5,609

9,987
1,606
3,546

12,226
3,467
2,929

250,760
34,064
80,553

16,130
3,435
4,985

28,145
5,557
8,639

6,706
1,542
1,921

22,608
328,010
3,582
113,569

27
176

244
2,516
15
414

32
860
289

280
836
5
533

688

20

22,581
327,834
3,582
113,549

64,402
49
10,189

239
1,903
15
361

309
3,627
24
1,075

150
551
5
189

53,988
651,219

32
273

53,956
650,946

552
6,116

330
3,324

294
3,880

5,051
55,764

377
4,816

874
8,040

194
2,156

N e t c u rre n t o p e ra tin g e a r n in g s ...............

1,323,153

672

1,322,481

15,147

4,367

9,156

148,503

11,283

13,232

5,397

213,187

53

213,134

1,167

372

955

14,183

1,075

2,072

337

16,412
26,672
73,196

11

16,401
26,672
73,176

20

4

13
226

132

31
85
385

422
2,317
4,887

249
15
270

94
190
793

7
26
138

Other current operating earnings....................

Recoveries, tra n sfe rs fr o m reserve a c ­
co u n ts, a n d pro fits— t o t a l.................
On securities:
Recoveries.........................................................
Transfers from reserve accounts . .........
Profits on securities sold or redeemed. . . .
On loans:
Transfers from reserve accounts ...............
Lo sse s, charge-offs, a n d tra n sfe rs to re ­
serve a c c o u n ts — t o t a l ........................
On securities:
Losses and charge-offs....................................
Transfers to reserve accounts......................
On loans:
Lossses and charge-offs................................
Transfers to reserve accounts......................
N e t p ro fits before in c o m e ta xe s................




20

1

111

43

23,142
28,220
45,546

16

23,126
28,220
45,541

260
55
593

208

199
36
219

1,248
1,044
4,265

274

5

165

427
79
490

11
112

379,824

191

379,633

3,943

911

1,963

32,877

2,102

4,402

485

38,671
33,044

5

38,666
33,044

272

6

42

1,337
5,904

220

12

254
140

302
152

71
15

29,064
221,167
57,878

30
132
23

29,034
221,035
57,855

760
2,226
674

16
724
123

680
508
382

821
20,552
4,262

515
1,135
232

65
2,708
1,176

113
227
59

1,156,514

534

1,155,980

12,371

3,828

8,148

129,809

10,256

10,901

5,249

25
2

102

C O R PO R ATIO N

35,165

1,013,144
201,647
1,732,832
26,049
193,963

INSURANCE

3,605,042

371
44
858
41
50

DEPOSIT

1,837

1,013,515
201,691
1,733,690
26,090
194,013

FEDERAL

3,606,879

C u r r e n t o p e ra tin g e a rn in g s — t o t a l...........
Interest on United States Government
obligations.........................................................
Interest and dividends on other securities.. .
Interest and discount on loans........................
Service charges and fees on bank's loans. . .
Service charges on deposit accounts...............
Other service charges, commissions, fees, and
collection and exchange charges.................

T a x e s o n n e t in c o m e — t o t a l ............................
Federal. ................................................
State.......................................................................

325,148
304,572
20,576

181
175
5

324,967

4,046
Q aoq
617

1,371
1,240
131

2,061
2,058

20,571

3

42,896
Q -Q
Q1 Q
ov ,ioy
3,707

3,307
o Q7n
6,0 1U
437

N e t p ro fits afte r in c o m e ta x e s..................

831,364

353

831,011

8,325

2,456

6,087

86,913

D iv id e n d s a n d in te re st o n c a p ita l— t o t a l..
Dividends declared on preferred stock and
interest on capital notes and debentures..
Cash dividends declared on common stock..

354,144

101

354,043

2,938

858

1,859

41,973

5,093
349,052

3
98

5,090
348,954

3
2,935

21

837

14
1,845

N e t a d d itio n s to c a p ita l fr o m p r o f it s .......

477,220

252

476,968

5,387

1,599

M em orand a
Recoveries credited to reserve accounts (not
included in recoveries above):
On securities.........................................................
On loans....................................................
Losses charged to reserve accounts (not in­
cluded in losses above):
On securities...................................................
On loans........................................................

2,600
19,645

7

2,600

9
136

1U
1 nn
U

6,104
72,978

87

6,104
72,891

33
673

A verage asse ts a n d lia b ilitie s 1
A sse ts— t o t a l ............................................
Cash and due from banks.................................
United States Government obligations. . .
Other securities.............................................
Loans and discounts..............................
All other assets........................................

151,566,078
35,683,829
63,080,739
9,387,984
41,670,879
1,742,647

49,197
12,365
21,401
2,773
12,163
495

151,516,881
35,671,464
63,059,338
9,385,211
41,658,716
1,742,152

L ia b ilitie s a n d c a p it a l— t o t a l..............
Total deposits....................................
Demand deposits..................................
Time and savings deposits...........
Borrowings and other liabilities................
Total capital accounts....................

151,566,078
139,764,394
103,862,159
35,902,235
1,380,578
10,421,106

49,197
46,320
26,50k
19,816
94
2,783

151,516,881
139,718,074
103,835,655
35,882,^19
1,380,484
10,418,323

69,439
296,308

30
140

69,409
296,168

13,436

7

13,429

1.840

374
41,600

3
2,004

11

3,549

1.840

4,228

44,940

4,942

3,924

1,621

Q
Q
O
O

2

552
2,214

1 i
lo

1Q
lo 1
l

17

12

64
838

135

1,240
12 149

1
oou

13
aa9
OU
O

1 3a

1,291,391
335,458
458,446
111,712
371,744
14 031

440,333
84,994
151,722
9Q A
fift
^i7,OUo
ID I ,4UO
AA
H
o,ouo

827,753
O/iq ,Ol\
C c son
iHO i j
313,501
63,721
909 1
< U£,100
£j
4,oOO

13,861,877
9 ,O i7,1/00
S
L fiflQ fV Q
i U
5,334,899
808,764
A O U Q19
Q Q99 yO ti
iy U L
1 ftfi ft1 Q
lou,ol*7

1,155,464
Q11 A i
fi
Oil,DO 7
514,075
48,797
274,102
6,823

1,425,542
Q Q O tl7
A O
O
Ol/l/ y LQ
623,128
106,320
366,514
19,751

487,622
Q y LU
Q Ud
U 99Q
U
210,959
36,253
1
n&*
lOO,U L
O9
KA Q
Q

1,291,391

440,333
A K Q9A
1
al OjifoO
98,965
3,935
OJ A 7ft
L\ yt± IO
tfi

827 753
774,164
676,728
97,U36
1,792
51,797

1 % 0 0 1 877
A
10 )fZ I )0 / /
12,963,273
7,181,988
5,781,285
156,028
742,576

1)ICC AA A
1 1
1,083,460
863,782
219,678
4,245
67,759

1 425 542
1’,307’,996
9U,709
363,287
7,509
110,037

487,622
A\ 07A
<A
O O nVO
OfiQyU (Q
V
QO
O O yO Q/
4
3,020
49 632

2,666

258
1,495

801
1,593

5,132
28,421

634
2,304

764
3,699

244
932

224

9

22 1

195

140

95

37

1Liqq yO 7 Q
Jy X V KI«
U
7

9^2,038
957 hi
& 0 / yO J J
+L
7,095
84,717
900

Note: Due to rounding, earnings data of State banks may not add precisely to the indicated totals.
1 Asset and liability items are averages of figures reported at beginning, middle, and end of year.
Back figures: See the Annual Report for 1948, pp. 120-129, and earlier reports.




1

IV
I

BANKS

3,461

3,559

INSURED

7,484

2,007

O
F

6,949

DIVIDENDS

Number of banks, December 3 1 .. ..

1 788
1*788

EAR N IN G S, E X P E N S E S , AND

Number of active officers, December 31
Number of other employees, December 31. . . .

3,418
3,010
409

T a b le 11 7 .

E a r n in g s , E x p e n s e s ,

and

D

iv i d e n d s

of

I n s u r e d C o m m e r c ia l B a n k s ,

by

S t a t e , 1 9 4 9 — C o n tin u e d

(Amounts in thousands of dollars)
_____________

Earnings or expense item

District of
Columbia

Florida

__________ ________________

Georgia

( *
—

______________

Idaho

<1

_____________________

Illinois

Indiana

Iowa

Kansas

Kentucky

Louisiana

12,068

250,784

74,573

56,095

36,031

39,324

41,013

8,944
2,213
29,193
590
2,810

3,516
242
6,620
79
880

94,233
18,535
93,035
2,659
12,584

25,686
3,319
33,867
404
3,900

16,418
2,804
28,661
107
4,029

9,788
1,885
19,175
128
2,439

11,027
1,717
21,451
225
1,507

11,200

722
1,763
1,320

2 ,10 1

963
3,298

3,827
1,786
2,186

250
81
400

3,932
14,105
11,700

2,309
1,625
3,465

1,874
566
1,639

816
231
1,569

630
1,464
1,303

2,622
440
2,272

C u r r e n t o p e ra tin g expenses— t o t a l...........
Salaries— officers..................................................
Salaries and wages— employees.......................
Fees paid to directors and members of
executive, discount, and other committees
Interest on time and savings deposits...........
Interest and discount on borrowed money. .
Taxes other than on net income......................
Recurring depreciation on banking house,
furniture and fixtures.....................................
Other current operating expenses...................

17,029
2,858
6,233

28,290
5,433
8,240

33,027
6,797
8,348

7,717
1,694
2,226

163,462
28,113
47,960

48,691
9,551
12,474

33,911
9,293
7,801

20,693
6,213
4,671

22,337
5,451
5,782

26,107
4,884
7,124

197
1,437
4
1,300

280
3,019
9
1,039

450
3,391
42
2,640

49
1,340
4
176

1 ,2 1 2

26,211
248
8,455

654
8,274
4
4,248

381
4,938

347
1,823
39
1,701

370
2,892

1,160

329
1,500
7
907

2,280

478
4,523

1,169
9,101

843
10,517

246
1,982

2,999
48,263

1,062
12,427

791
9,537

462
6,604

564
6,630

768
7,778

N e t c u rre n t o p e ra tin g e a r n in g s ...............

8,569

16,282

18,521

4,351

87,322

25,882

22,184

15,338

16,988

14,905

802

2,930

3,100

394

27,529

2,634

1,893

1,153

1,752

1,916

1

73
143
1,272

14

103
50
1,337

649

139
7
235

102

252

932
8,173
10,131

250

293

223
205
1,326

73
743

35
339
516

287
3
217

118
258
799

861
242
509

44

2,002

11

74

1,142
5,149

368
170
606

288
49
656

383
73
315

374
268
193

284
302
441

1,800

3,240

4,878

1,044

26,778

6,763

4,520

3,512

4,641

4,427

125

299

292

5,161
5,454

851
385

749

6

342
205

11

558
42

446
352

364
887

190
1,017
463

568
1,421
703

1,134
2,748
698

117
599
35

1,865
10,815
3,483

437
3,441
1,648

474
2,381
905

809
1,275
828

609
2,479
754

428
1,564
1,183

7,569

15,972

16,742

3,701

88,072

21,754

19,557

12,979

14,099

12,395

Recoveries, tra n sfe rs fr o m reserve a c ­
c o u n ts, a n d p ro fits— t o t a l..................
On securities:
Transfers from reserve accounts
....
Profits on securities sold or redeemed. . . .
On loans:
Recoveries.........................................................
Transfers from reserve accounts.................
All other................................................................
Lo sse s, ch arge-offs, a n d tra n sfe rs to re ­
serve a c c o u n ts— t o t a l........................
On securities:
Losses and charge-offs...................................
Troncfcifa fn rPQ fV
P A
On loans:
Losses and charge-offs....................................
Transfers to reserve accounts......................
All other................................................................

Digitized N e t FRASER
for p ro fits before in c o m e ta x e s................


12

3,162
18,882
47
2,388

12

C O R POR ATIO N

51,548

13,969
2,462
16,859
115
4,806

INSURANCE

44,571

7,386
955
11,289
69
2,093

DEPOSIT

25,598

FEDERAL

C u r r e n t o p e ra tin g e a rn in g s — t o t a l...........
Interest on United States Government
obligations.........................................................
Interest and dividends on other securities. . .
Interest and discount on loans........................
Service charges and fees on bank’s loans.. . .
Service charges on deposit accounts...............
Other service charges, commissions, fees, and
collection and exchange charges..................
Trust department................................................
Other current operating earnings....................

T a x e s o n n e t in c o m e — t o t a l .....................
Federal...................................................................
State.......................................................................

2.483
2.483

N e t p ro fits afte r in c o m e ta x e s..................

5,085

11,568

D iv id e n d s a n d in te re st o n c a p ita l— t o t a l..
Dividends declared on preferred stock and
interest on capital notes and debentures. .
Cash dividends declared on common stock..

2.653

2,807
2

2.653

N e t a d d it io n s to c a p ita l fr o m p r o fit s .......
M em oranda
Recoveries credited to reserve accounts (not
included in recoveries above):
On securities.........................................................
On loans.................................................................
Losses charged to reserve accounts (not in­
cluded in losses above):
On securities.........................................................
On loans.................................................................

3.227
3.227

9,599

10,131

9,168

2,566

3,611

2,562

65
3,950

7
2,559

34
3,576

17
2,545

11,444

11,089

7,034

6,522

6,604

192
2,524

18
461

80

238

18
171

44

97

412
4,892

14
1,802

375

719

826

64
395

1,716,173
471,402
552,040
78,549
595,325
18,857

438,065
91,144
198,665
10,613
134,227
3,416

12,664,101
3,060,341
5,975,985
848,477
2,696,606
82,692

3,168,967
708,314
1,565,495
174,660
696,743
23,755

2,275,416
481,985
955,438
178,562
646,144
13,287

1,530,728
393,516
608,313
116,452
404,816
7,631

1,619,457
406,928
674,668
69,589
457,380
10,892

1,792,038
508,099
720,651
142,503
397,573
23,212

1,808,027
1,690,870
1,358,710
332,160
7,215
109,942

1,716,173
1,586,538
1,270,559
315,979
15,614
114,021

438,065
416,076
320,821
95,255
1,434
20,555

12,664,101
11,865,216
8,789,297
3,075,919
57,449
741,436

3,168,967
2,973,854
2,104,531
869,323
11,374
183,739

2,275,416
2,135,458
1,624,276
511,182
2,869
137,089

1,530,728
1,441,924
1,292,144
149,780
3,311
85,493

1,619,457
1,502,428
1,279,798
222,630
6,786
110,243

1,792,038
1,688,505
1,403,815
284,690
12,936
90,597

343
2,570

993
3,856

1,315
4,069

289
991

4,218
19,108

2,003
6,090

2,040
4,069

1,511
2,465

1,348
3,255

837
3,341

19

189

328

42

874

477

604

461

362

161

4.796
4.796

19.974
19.974

11,947

2,591

68,099

15,951

15,104

4,650

393

22,392

4,507

4,015

2

2,804

5
4,645

391

77
22,314

91
4,415

2,432

8,761

7,297

2,197

45,706

71

3
46

233

17

383

3
446

1,367

A verage asse ts a n d lia b ilitie s 1
A sse ts— t o t a l ............................................
Cash and due from banks.................................
United States Government obligations.........
Other securities....................................................
Loans and discounts...........................................
All other assets.....................................................

1,093,068
281,887
472,700
43,107
276,123
19,251

1,808,027
469,517
861,075
103,492
351,501
22,442

L ia b ilitie s a n d c a p ita l— t o t a l...................
Total deposits.......................................................
Demand deposits...............................................
Time and savings deposits..............................
Borrowings and other liabilities......................
Total capital accounts.......................................

1,093,068
1,015,915
803,2J*3
212,672
7,519
69,634

Number of active officers, December 3 1 ...........
Number of other employees, December 3 1 ... .
Number of banks, December 31..........................

1

1

20

2

DIVIDENDS
O
F
INSURED
BANKS

Note: Due to rounding, earnings data of State banks may not add precisely to the indicated totals.
1 Asset and liability items are averages of figures reported at beginning, middle, and end of year.
Back figures: See the Annual Report for 1948, pp. 120-129, and earlier reports.

2

E A R N IN G S, E X P E N S E S , AND

1

5.803
5.803

4.453
4.453

1,110
1,097
14




3,380
3,378

3.967
3.967

4.404
4.404

i a
—
Oi

T a b le 1 17.

E a r n in g s , E x p e n s e s ,

and

.D i v i d e n d s

of

I n s u r e d C o m m e r c ia l J3a n k s , b y S t a t e , 1 9 4 9 — C o n tin u ed

(Amounts in thousands of dollars)

Earnings or expense item

Maryland Massachusetts Michigan Minnesota Mississippi

Maine

Missouri

Montana

Nebraska

New
Hampshire

Nevada

125,237

75,566

22,239

95,077

13,800

29,045

4,962

6,990

30,652
3,996
45,523
574
6,626

39,249
6,450
62,992
1,127
6,480

21,532
3,907
34,216
340
4,187

4,730
2,595
10,066
52
1,198

24,065
4,927
53,126
322
3,987

4,606
514
6,332
126
1,083

8,820
1,363
14,172
45
1,969

1,2 2 2

1,526
357
3,925
17
626

188
353
379

673
951
1,330

2,382

3,286
1,822
3,832

6,744
1,822
2,818

2,798

6,744

687

2,663
2,616
3,370

527
47
567

984
286
1,405

22 1

123
108
308

C u r r e n t o p e ra tin g expenses— t o t a l...........
Salaries— officers..................................................
Salaries and wages— employees.......................
Fees paid to directors and members of
executive, discount, and other committees
Interest on time and savings deposits...........
Interest and discount on borrowed money. .
Taxes other than on net income. ....................
Recurring depreciation on banking house,
furniture and fixtures.....................................
Other current operating expenses...................

8,994
1,488
2,293

23,458
3,841
6,767

69,000
11,648
22,667

83,593
12,334
25,828

49,223
11,519
12,733

14,131
3,629
3,379

57,354
11,811
17,356

8,504
2,016
2,045

17,542
4,887
4,167

3,250
538
948

4,717
937
1,137

155
1,997

664
6,993
91
2,575

745
17,922
61
3,917

652
8,959
38
937

213
1,179
1,081

616
5,590
73
2,480

59
755
3
914

242
1,136
70
930

10

470

398
3,685
60
1,461

219

93
814
7
195

163
2,420

491
6,755

1,894
22,469

1,913
20,873

980
13,405

293
4,356

1,445
17,983

228
2,485

373
5,736

702

130
1,406

N e t c u r re n t o p e ra tin g e a r n in g s ...............

4,172

12,038

35,496

41,644

26,343

8,109

37,723

5,296

11,502

1,712

2,275

621

2,662

14,820

3,578

1,942

780

6,609

895

1,468

34

653

58

785
3,700
2,039

767
109
1,366

360

88

126

30
205

240
76
115

1

6

379
1,356
2,340

119

199

1,136
49
664

534

16

60

153
44
167

301
178
335

1,046
3.125
4.125

360
172
803

588

573
353
1,609

356
40
68

155
234
426

4

536

157
38
263

13

77
213
176

1,127

3,682

21,854

10,313

4,841

2,733

10,065

3,139

2,764

175

1,207

22 1

1,108
4,886

1,288
702

454
191

600
214

1,966
490

291
843

383
79

3

7

1,157
396

265
40

152
570
177

247
1,398
485

318
9,816
5,726

981
6,261
1,081

812
2,347
1,038

344
1,206
369

792
4,573
2,245

695
1,092
217

267
1,303
732

11

142
20

189
598
115

3,666

11,019

28,461

34,907

23,444

6,156

34,268

3,053

10,208

1,571

1,720

R ecoveries, tra n sfe rs fr o m reserve a c ­
c o u n ts, a n d p ro fits— t o t a l.................
On securities:
Transfers from reserve accounts.................
Profits on securities sold or redeemed. . . .
On loans:
Trsnsf6rs froin rcsorvG accounts ...........
All other................................................................
Losses, ch arge-offs, a n d tra n sfe rs to re ­
serve a c c o u n ts— t o t a l ........................
On securities:
Transfers to reserve accounts......................
On loans:
Losses and charge-offs....................................
Transfers to reserve accounts......................
N e p ro fits before
Digitizedt for FRASER in c o m e ta x e s ................


10

8,001

363
88

11 2

2

170
2,888

64
184
75
138

748

86

1

C O R POR ATIO N

104,496

12,333
1,404
16,669
92
2,044

INSURANCE

35,495

3,423
593
7,392
41
797

DEPOSIT

13,167

FEDERAL

C u r r e n t o p e ra tin g e a rn in g s — t o t a l...........
Interest on United States Government
obligations.........................................................
Interest and dividends on other securities. . .
Interest and discount on loans........................
Service charges and fees on bank’s loans... .
Service charges on deposit accounts...............
Other service charges, commissions, fees, and
collection and exchange charges.................
Trust department................................................
Other current operating earnings....................

Taxes on net income— to t a l............................
Federal.................................................................
State........................................................................

935
935

3.214
3.214

7,860
5,973
1,887

8.926
8.926

6,585
5,323
1,262

1.296
1.296

9,113
8,629
483

1,149
1,099
50

2.357
2.357

439
439

422
422

4,860

25,155

1,903

7,850

1,133

1,298

5,849

1,560

8,986

1,040

2,375

170

542

19
1,046

30
3,532

30
12,246

190
9,495

42
5,807

80
1,479

56
8,930

5
1,035

4
2,371

170

541

N et additions to capital from profits. . . .

1,665

4,244

8,326

16,298

11,008

3,300

16,170

864

5,476

962

756

77

5
80

26
462

3
608

147

5
80

631
305

67

245

79

87

16
260

19
402

66

2

2,727

1,793

663

30
509

1,464

182

477

214

236

Average assets and liabilities 1
Assets— to ta l..........................................................
Cash and due from banks.................................
United States Government obligations.........
Other securities................................................
Loans and discounts.........................................
All other assets.....................................................

445,467
84,998
185,682
26,015
144,712
4,060

1,570,117
355,677
760,143
67,556
367,729
19,012

4,311,705
972,673
1,874,477
187,311
1,200,250
76,994

5,218,484
1,052,404
2,467,184
362,851
1,292,146
43,899

2,965,761
670,301
1,286,985
206,740
778,560
23,175

811,569
212,424
281,272
116,103
195,132
6,638

4,350,247
1,170,382
1,600,956
243,150
1,302,134
33,625

592,268
146,761
298,064
24,358
119,178
3,907

1,288,404
333,502
553,538
79,347
313,722
8,295

172,010
31,530
76,642
8,860
52,967
2 ,0 11

227,484
51,623
80,377
14,740
78,750
1,994

Liabilities and capital— to ta l..........................
Total deposits.....................................................
Demand deposits.............................................
Time and savings deposits............................
Borrowings and other liabilities......................
Total capital accounts........................................

445,467
404,695
223,817
180,878
2,659
38,113

1,570,117
1,457,833
1,033,626
l+21+,207
7,009
105,275

4,311,705
3,896,092
3,131+,1+12
761,680
56,345
359,268

5,218,484
4,902,477
2,785,266
2,117,211
29,829
286,178

2,965,761
2,766,475
1,891,651
871+,821+
17,404
181,882

811,569
761,819
627,810
131+,009
1,885
47,865

4,350,247
4,078,848
3,399,603
679,21+5
18,136
253,263

592,268
565,634
1+68,129
97,505
1,534
25,100

1,288,404
1,210,723
1,071+,103
136,620
4,829
72,852

172,010
161,462
103,085
58,377
1,135
9,413

227,484
203,459
136,787
66,672
822
23,203

Number of active officers, December 3 1 ...........
Number of other employees, December 3 1 . . . .

295
1,170

806
3,467

1,555
10,411

1,896
10,599

2,476
6,056

800
1,727

2,404
8,587

405
1,005

1,134
2,163

96
414

206
584

Number of banks, December 31 ..........................

54

162

175

418

660

198

571

111

361

8

57

M emoranda
Recoveries credited to reserve accounts (not
included in recoveries above):
On securities.................................................
On loans.................................................................
Losses charged to reserve accounts^ (not in­
cluded in losses above):
^
On securities.......................................................
On loans.............................................................

Note: Due to rounding, earnings data of State banks may not add precisely to the indicated totals.
1 Asset and liability items are averages of figures reported at beginning, middle, and end of year.
Back figures: See the Annual Report for 1948, pp. 120-129, and earlier reports.




8

8

1

1

BANKS

16,858

9,685

INSURED

25,982

12,276

O
F

20,601

3,562

DIVIDENDS

7,806

1,064

E X P E N SE S , AND

2,730

EAR N IN G S,

N et profits after incom e taxes........................
Dividends and interest on capital— t o t a l..
Dividends declared on preferred stock and
interest on capital notes and debentures..
Cash dividends declared on common stock..

•1
<

T a b le 1 17.

E

a r n in g s ,

E xpenses,

and

D

iv i d e n d s

of

I n s u r e d C o m m e r c ia l B a n k s ,

by

S t a t e , 1 9 4 9 — C on tin u ed

(Amounts in thousands of dollars)

Earnings or expense item

New
Jersey

New
Mexico

New
York

North
Carolina

North
Dakota

Ohio

1Oklahoma

Oregon

Pennsylvania

South
Carolina

Rhode
Island

48,225

12,600

175,001

42,986

36,092

280,342

16,284

16,858

197,720
35,600
281,972
6,699
28,865

11,255
2,339
24,765
612
2,642

4,510
470
4,402
90
908

54,440
10,499
80,041
934
8,913

9,622
2,239
24,468
165
3,097

10,294
1,891
18,304
141

83,215
25,343
120,602

6,078
384
7,318

1,2 0 1

6

2,868

9,766

699

4,369
951
8,066
27
1,322

1,543
4,299
5,307

249
300

12,644
57,221
49,496

3,766
1,434
1,412

1,831
38
353

3,314
7,548
9,314

976
323
2,094

692
694
1 ,2 1 0

4,023
20,479
15,713

1,0 2 1

1,479
349
295

Current operating expenses— to ta l..............
Salaries— officers..................................................
Salaries and wages— employees.......................
Fees paid to directors and members of
executive, discount, and other committees
Interest on time and savings deposits...........
Interest and discount on borrowed money. .
Taxes other than on net income......................
Recurring depreciation on banking house,
furniture and fixtures.....................................
Other current operating expenses...................

84,719
13,099
23,831

5,560
1,284
1,725

418,192
64,677
164,361

29,685
6,728
7,879

7,314
1,965
1,616

116,856
17,188
30,783

24,135
6,814
6,656

23,281
4,046
8,372

176,130
29,170
52,733

11,226
1,465
3,105

9,814
2,519
2,770

1,257
16,401
78
4,842

46
361
7
292

2,989
28,396
2,027
14,023

304
3,902
51
1,072

100

1,113
7
253

1,124
22,421
115
13,818

242
1,088

86

3,202

12

10

507

595

2,581
27,119
149
8,692

126
2,570
5
711

835
5
132

2,761
22,451

174
1,671

6,920
134,801

818
8,932

140
2,123

2,829
28,580

701
8,118

828
6,143

4,887
50,801

284
2,958

291
3,141

Net current operating earnings.....................

35,907

3,916

252,027

18,540

5,287

58,145

18,850

12,811

104,212

5,059

7,044

13,070

222

51,317

4,930

220

7,465

1,153

1,370

15,883

718

403

77
3,019
1,114

18

720
259
2,572

30

18

241

494

1,468
1^384
5,175

15
132
164

117

18

4,562
3,859
19,263

167
55
500

494

168

22

1

366

690

2,335
771
4,751

45
311
50

49

2
10 1

823
1,726
1,365

145

Recoveries, transfers from reserve ac­
counts, and profits— to ta l........................
On securities:
Recoveries.........................................................
Transfers from reserve accounts.................
Profits on securities sold or redeemed. . . .
On loans:
Recoveries.........................................................
Transfers from reserve accounts.................
All other................................................................
Losses, charge-offs, and transfers to re­
serve accounts— to ta l................................
On securities:
Losses and charge-offs....................................
Transfers to reserve accounts......................
On loans:
Losses and charge-offs...................................
Transfers to reserve accounts......................
All other................................................................
Net profits before incom e taxes.....................




1,529
513
6,048

102

1

43

165
614

12 1

93

1,234
1,252
2,493

159
34

2,736
13,751
7,146

11,863

1,104

88,729

4,681

1,141

15,444

3,167

2,644

28,269

1,285

1,292

1,967
1,340

32

5,047
5,528

647
47

114
27

1,204
660

256
40

204

3,733
1,360

23
57

236

595
1,842

122

1,741
64,984
11,429

284
3,205
499

75
671
254

655
11,009
1,915

1,094
1,329
449

681
1,560
199

1,635
16,422
5,120

57
1,044
103

120

6 ,12 0

304
645

807
116

37,113

3,035

214,615

18,789

4,366

50,166

16,836

11,538

91,826

4,492

6,157

12

55

12

COR PO R ATIO N

670,218

1,768
242
6,145
147
524

INSURANCE

9,476

41,112
9,374
50,992
226
7,772

DEPOSIT

120,626

FEDERAL

Current operating earnings— to ta l..............
Interest on United States Government
obligations.........................................................
Interest and dividends on other securities. . .
Interest and discount on loans........................
Service charges and fees on bank’s loans... .
Service charges on deposit accounts...............
Other service charges, commissions, fees, and
collection and exchange charges.................
Trust department................................................
Other current operating earnings....................

7.713
7.713

Net profits after incom e taxes........................

29,400

Dividends and interest on capital— to ta l..
Dividends declared on preferred stock and
interest on capital notes and debentures. .
Cash dividends declared on common stock..

8,682

Net additions to capital from profits.........

831
831

67,818
58,751
9,067

4,638
4,487
151

1,251
1,186

2,203

146,796

14,151

3,115

592

97,215

3,420

928

1,510
7,172

3
589

1,417
95,798

21

3,400

4
923

249
12,277

3.683

20,718

1,611

49,582

10,731

2,187

25,432

12,208
12,208

4,644
4,124
520

3,353
2,485

37,957

12,191

12,525

3.683

66

24.508
24.508

1,451
1,276
175

1,819
1,580
238

8,184

67,318

3,042

4,338

2,005

32,173

1.575

1,416

1

2,004

96
32,076

1.575

9
1,407

8,509

6,180

35,145

1,467

2,923

868

54

42

83
613

283

18

107
507

41

15

203
1,812

382

1,918
17,493

14
492

184

151
3,446

4
942

706
3,737

20

131

197

3
207

Average assets and liabilities 1
Assets— to ta l...........................................................
Cash and due from banks.................................
United States Government obligations.........
Other securities....................................................
Loans and discounts...........................................
All other assets.....................................................

4,775,277
809,166
2,363,364
435,433
1,100,274
67,040

322,914 33,349,017
93,866 8,494,592
114,635 13,045,984
11,436 1,609,337
100,333 9,699,891
2,644
499,213

1,833,971
464,429
676,247
135,432
537,383
20,480

502,211
86,266
290,970
26,999
95,281
2,695

7,553,717
1,600,419
3,445,873
541,195
1,893,994
72,236

1,703,263
522,055
625,400
118,336
427,068
10,404

1,355,003
291,243
575,335
100,738
367,550
20,137

10,920,671
2,309,074
4,650,195
990,034
2,826,857
144,511

675,598
115,875
357,116
15,647
176,377
10,583

679,649
179,465
278,457
49,417
167,624
4,686

Liabilities and capital— to ta l..........................
Total deposits.......................................................
Demand deposits...............................................
Time and savings deposits..............................
Borrowings and other liabilities......................
Total capital accounts.......................................

4,775,277
4,431,617
2,1+13,327
2,018,290
23,947
319,713

322,914 33,349,017
306,555 29,828,462
261+,055 25,691+,523
1+2,500 1 ,133,939
+
571
691,660
15,788 2,828,895

1,833,971
1,696,900
1,309,1*52
387M S
19,221
117,850

502.211
477.212
361+,850
112,362
1,293
23,706

7,553,717
7,055,220
1+,1+09,790
2,61+5,1+30
35,750
462,747

1,703,263
1,589,390
1,1+68,1+61
120,929
5,401
108,472

1,355,003
1,268,681
893,827
371+,851+
7,630
78,692

10,920,671
9,793,254
6,730,772
3,062,1+82
60,432
1,066,985

675,598
619,192
399,997
219,195
6,312
50,094

679,649
637,856
51+8,71+5
89,111
2,584
39,209

Number of active officers, December 3 1 ...........
Number of other employees, December 3 1 . . . .

2,099
10,609

246
835

6,702
60,648

1,259
3,714

463
896

3,075
13,378

1,424
3,214

769
3,457

4,857
23,245

212

1,545

539
1,376

Number of banks, December 3 1 ..........................

328

51

633

226

145

649

375

68

960

13

134

1

Note: Due to rounding, earnings data of State banks may not add precisely to the indicated totals.
1 Asset and liability items are averages of figures reported at beginning, middle, and end of year.
Back figures: See the Annual Report for 1948, pp. 120-129, and earlier reports.




BANKS

819
6,783

INSURED

127

O
F

56
355

DIVIDENDS

M emoranda
Recoveries credited to reserve accounts (not
included in recoveries above):
On securities..........................................................
On loans.................................................................
Losses charged to reserve accounts (not in­
cluded in losses above):
On securities..........................................................
On loans.................................................................

E A R N IN G S. E X P E N S E S . AND

Taxes on net income— t o ta l............................
Federal...................................................................
State.......................................................................

co

Table 117.

E a r n i n g s , E x p e n s e s , a n d D iv id e n d s o f I n s u r e d C o m m e r c ia l B a n k s , b y S t a t e . 1 9 4 9 — C o n tin u ed
(Amounts in thousands of dollars)

Earnings or expense item

South
Dakota

Tennessee

Texas

Utah

Vermont

Virginia

Washington

West
Virginia

Wisconsin

Wyoming

161,510

16,374

9,302

55,920

53,152

27,412

70,308

6,689

11,958
3,188
30,537
302
1,687

34,486
7,482
94,521
829
8,313

3,579
451
9,536
280
864

1,504
557
6,245
61
442

12,321
2,017
33,595
449
2,695

11,840
3,578
28,548
310
4,741

8,020

1,035
14,771
155
1,058

25,409
4,193
31,167
365
3,789

1,710
252
3,567
53
493

1,514
43
480

2,014
1,007
1,963

4,154
2 ,1 1 0

9,614

674
370
624

114
118
260

1,137
1,947
1,759

1,604

541
691
1,142

1,702
905
2,781

225
42
347

C u r r e n t o p e ra tin g expenses— t o t a l...........

8,360
2,560
1,839

31,507
6,196
8,092

97,505
22,964
26,481

10,161
1,833
2,797

6,579
991
1,268

34,354
6,967
8,690

34,762
6,580
11,813

15,925
3,210
3,954

47,634
10,025
11,529

3,866

130
956
3
191

288
5,025
32
2,245

1,057
5,230
41
9,151

175
2,251

128
2,398
15
133

512
6,294
28
1,786

190
5,006
13
835

251
2,890
25
667

766
10,710
36
1,079

53
374
5
214

197
2,484

827
8,802

2,894
29,686

222

2,692

145
1,502

1,173
8,906

1,016
9,311

526
4,402

1,176
12,312

1,084

Salaries and wages— employees.......................
Fees paid to directors and members of
executive, discount, and other committees
Interest on time and savings deposits...........
Interest and discount on borrowed money. .
Taxes other than on net income......................
Recurring depreciation on banking house,
furniture and fixtures.....................................
Other current operating expenses....................

11

181

1,430
1 ,10 2

1,020

1,014

102

21,150

64,005

6,215

2,723

21,566

18,390

11,488

22,674

2,823

239

2,026

6,068

618

492

1,639

1,374

1,265

4,036

305

33

87
1
460

106

19
193

135
1
153

66

33

301
31
1,679

10

Transfers from reserve accounts.................
Profits on securities sold or redeemed. . . .
On loans:

56
185
1,046

125
594

376

281
172
1,870

66

77

267

N e t c u rre n t o p e ra tin g e a r n in g s ...............

Transfers from reserve accounts.................
Lo sse s, ch arge -o ffs, a n d tra n sfe rs to re ­
serve a c c o u n ts — t o t a l.....................
On securities:
Losses and charge-offs....................................
Transfers to reserve accounts. . . . . . . . . . .
On loans:
Losses and charge-offs....................................
Transfers to reserve accounts......................
N e t p ro fits before in c o m e ta x e s................




8

12

1

2

11

95

461

1,641
625
1,792

127
26
243

113
35
55

428
226
439

153
29
407

324
124
327

330
912
471

140
3
83

1,384

6,239

19,577

1,217

941

4,283

5,089

2,825

7,533

745

84

1,439
384

1,955
722

38

162
7

491
61

338
1,004

389

20

21

838
303

81
3

92
1,004
205

497
3,036
882

3,922
10,360
2,618

267
768
124

294
405
73

884
2,295
551

298
3,096
353

493
1,489
434

433
5,392
567

198
278
186

4,774

16,936

50,497

5,616

2,273

18,923

14,675

9,927

19,177

2,383

CO R P O R A T IO N

5,919

Recoveries, tra n sfe rs fr o m reserve a c ­
co u n ts, a n d p ro fits— t o t a l..................
On securities:

INSURANCE

52,656

3,844
595
6,707
99
996

DEPOSIT

14,278

FEDERAL

C u r r e n t o p e ra tin g e a rn in g s — t o t a l...........
Interest on United States Government
obligations.........................................................
Interest and dividends on other securities. . .
Interest and discount on loans........................
Service charges and fees on bank’s loans... .
Service charges on deposit accounts...............
Other service charges, commissions, fees, and
collection and exchange charges..................
Trust department................................................
Other current operating earnings....................

Taxes on net income— t o t a l............................
Federal...................................................................
State.......................................................................

1 ,1 1 2

95

4,539
4,445
94

14.912
14.912

1,835
1,701
135

566
496
70

5,746
5,743
3

3,065
3,064

Net profits after income taxes........................

3,567

12,397

35,585

3,781

1,708

13,178

Dividends and interest on capital— t o t a l..
Dividends declared on preferred stock and
interest on capital notes and debentures..
Cash dividends declared on common stock..

971

4,050

14,213

1,458

736

4,908

2

969

45
4,005

36
14,177

13
1,444

232
504

56
4,853

2,596

8,347

21,372

2,323

972

53

5
269

25
619

42

127

14
708

67
3,718

Average assets and liabilities 1
Assets— to ta l..........................................................
Cash and due from banks.................................
United States Government obligations.........
Other securities...........................................
Loans and discounts.........................................
All other assets..............................................

524,104
106,216
253,482
28,131
133,001
3,274

2,025,101
529,612
698,458
139,255
635,214
22,562

Liabilities and capital— to ta l..........................
Total deposits.......................................................
Demand deposits...............................................
Time and savings deposits..............................
Borrowings and other liabilities......................
Total capital accounts.......................................

524,104
495,372
1*07,593
87,779
1,320
27,412

Number of active officers, December 3 1 ...........
Number of other employees, December 3 1 . . . .
Number of banks, December 31..........................

707
707
1,676

4,910

459

6

3,645

15
2,166

185
4,725

9
451

8,269

7,961

4,623

10,014

1,217

33

2 12

370

87

4
187

27

15
153

9
195

8

858

899
975

15
372

44
1,051

128

6,599,745
2,085,380
2,165,852
319,183
1,949,466
79,864

587,723
141,193
231,229
22,235
188,374
4,692

269,954
40,227
77,947
24,011
124,820
2,949

1,953,802
465,116
723,009
84,157
655,525
25,995

1,976,542
471,019
745,184
152,398
590,732
17,209

1,006,581
234,190
452,992
44,715
263,819
10,865

3,090,402
608,813
1,518,594
216,953
720,558
25,484

262,098
74,060
111,935
11,959
62,544
1,600

2,025,101
1,893,729
1,1*1*9,01*6
1*1*U
,683
9,668
121,704

6,599,745
6,200,887
5,577,771*
623,113
24,974
373,884

587,723
551,111
369,819
181,292
2,352
34,260

269,954
240,911
89,378
151,533
1,948
27,095

1,953,802
1,796,550
1,197,51*9
599,001
12,750
144,502

1,976,542
1,860,207
1,325,669
531*,538
7,940
108,395

1,006,581
924,679
663,11*7
261,532
4,759
77,143

3,090,402
2,897,883
1,637,893
1,259,990
7,557
184,962

262,098
246,743
200,227
1*6,516
697
14,658

612
1,008

1,350
4,126

4,185
12,215

307
1,242

236
617

1,472
4,491

1,045
4,753

644
1,844

1,999
5,378

211

169

288

850

55

69

312

119

176

543

53

Note: Due to rounding, earnings data of State banks may not add precisely to the indicated totals.
1 Asset and liability items are averages of figures reported at beginning, middle, and end of year.
Back figures: See the Annual Report for 1948, pp. 120-129, and earlier reports.




470

BANKS

14,924

2,179

INSURED

6,802

3,651

O
F

11,611

DIVIDENDS

4,253
4,165
89

E X P E N SE S , AND

M emoranda
Recoveries credited to reserve accounts (not
included in recoveries above):
On securities..........................................................
On loans.................................................................
Losses charged to reserve accounts (not in­
cluded in losses above):
On securities.................................................
On loans..........................................................

3.125
3.125

EAR N IN G S,

Net additions to capital from profits.........

1,207

Table 118.

E a r n i n g s , E x p e n s e s , a n d D iv id e n d s o f I n s u r e d M u t u a l S a v in g s B a n k s ,

1941-1949

(Amounts in thousands of dollars)

Earnings, expense, asset or liability item

1941

1942

1943

1944

1945

1946

1947

1948

1949

322,795

350,951

375,592

403,156

436,869

140,002
1,260

141,001
1,627

142,538
1,893

151,174
2,114

166,308
2,477

191,372
2,615

12,955
18,068

17,134
16,923

76,510
24,607

97,856
29,694

135,627
24,652

171,139
22,609

184,900
24,386

184,139
35,748

183,106
45,165

123
10,652

154
9,745

321
32,850

538
26,359

1,033
18,855

1,301
11,471

1,329
11,689

1,214
13,270

1,450
13,161

Current operating expenses— to ta l................
Salaries— officers....................................................
Salaries and wages— employees.........................
Directors’ , trustees’ , and managers’ fees1. . . .
Taxes other than on net income........................
Recurring depreciation on banking house,
furniture and fixtures2......................................
Other current operating expenses.....................

23,344
2,205
5,080
316
5,432

24,520
2,715
5,915
389
5,104

87,847
9,467
19,792
1,704
17,015

86,575
10,093
20,658
1,903
14,838

77,705
10,567
22,179
855
8,410

85,523
11,967
26,938
1,045
7,243

93,613
13,271
31,247
1,142
6,891

100,768
14,267
34,156
6,418

104,187
15,181
35,809
1,313
6,411

668

743
9,654

3,046
36,823

3,359
35,724

2,649
33,045

2,574
35,756

2,550
38,512

2,705
42,011

3,127
42,346

Net current operating earnings.......................

46,203

51,767

185,632

209,134

245,090

265,428

281,979

302,388

332,682

Dividends (interest) paid on deposits...........

29,684

33,209

117,985

132,430

143,350

160,134

181,225

196,096

235,800

9,643

1 ,2 1 1

Net operating earnings after dividends on
deposits..........................................................

16,519

18,558

67,647

76,704

101,740

105,294

100,754

106,292

96,882

Profits and recoveries on assets— t o t a l.........
Recoveries on securities3......................................
Profits on securities sold or exchanged............
Recoveries on loans3 .............................................
All other profits and recoveries4 ........................

23,014
3,432
13,996
462
5,124

19,092
5,164
7,112
653
6,163

129,160
40,402
31,376
11,094
46,288

101,473
31,423
30,677
14,763
24,610

181,982
47,560
79,389
4,055
50,978

186,720
34,920
89,554
2,097
60,149

99,548
32,443
27,770
1,266
38,069

59,897
14,514
6,705
411
38,267

77,797
20,094
33,205
443
24,055

Losses and charge-offs— to ta l...........................
On securities5 ..........................................................
On loans5..................................................................
All other6..................................................................

34,848
16,470
6,030
12,348

33,486
10,379
9,211
13,896

168,891
32,818
74,327
61,746

113,691
17,625
68,179
27,887

135,783
36,635
28,825
70,323

142,499
72,320
3,375
66,804

111,998
58,587
4,472
48,939

76,792
23,872
7,233
45,687

88,143
30,861
8,610
48,672




C O R PO R ATION

295,709

137,950
1,241

INSURANCE

273,479

31,212
1,119

DEPOSIT

76,287

FEDERAL

69,547
26,554
1,195

Current operating earnings— to ta l................
Interest, discount, and other income on real
estate loans.........................................................
Interest, discount, and income on other loans
Interest on U. S. Government obligations,
direct and guaranteed......................................
Interest and dividends on other securities... .
Collection and exchange charges, commis­
sions, and fees....................................................
Other current operating earnings......................

Net profits before incom e taxes.......................

4,685

64,486

147,939

149,515

88,304

89,397

345

122

2,034

5,759

5,992

4,501

4,341

4,131

27,571

64,364

145,905

143,756

82,312

84,896

82,195

86,536

294

482

271

264

248

234

230

27,277

63,882

145,634

143,492

82,064

84,662

81,965

1,973,635
184,743
581,795
445,939
604,701
35,151
121,306

2,089,328
141,377
725,595
416,107
661,599
30,078
114,572

7,945,687
494,112
3,322,146
663,101
3,104,849
28,145
333,334

9,164,873
449,751
4,723,004
628,821
3,085,567
30,372
247,358

10,636,400
416,762
6,345,344
605,362
3,056,494
36,934
175,504

12,066,095
530,271
7,588,938
653,589
3,112,879
41,588
138,830

13,128,837
649,906
8,127,449
814,360
3,352,063
48,173
136,886

13,860,655
667,792
8,042,934
1,189,924
3,756,276
56,597
147,132

14,627,136
665,128
7,855,590
1,504,437
4,382,035
58,135
161,811

1,973,635
1,803,002

2,089,328
1,900,429

7,945,687
7,134,660

9,164,873
8.280.998

10,636,400
9,648,308

1,803,002
7,248
163,385

1,900^29
6,656
182,243

7,131^,660
22,331
788,696

8.280.998
23,974
859,901

12,066,095
10,923,361
\
13,198
9,6^8,308 I 10,910,163
27,085
32,934
961,007
1,109,800

13,128,837
11,869,717
13,565
11,856,152
42,064
1,217,056

13,860,655
12,519,862
lb ,395
12,505^67
44,618
1,296,175

14,627,136
13,201,208
lb ,752
13,186456
47,638
1,378,290

Number of active officers, December 31. . .
Number of other employees, December 31.

317
2,823

363
2,884

1,209
9,581

1,276
9,719

1,337
10,852

1,410
11,414

1,494
11,599

1,527
11,930

1,567
12,331

Number of banks, December 318..................

52

56

184

192

192

191

194

193

192

Average assets and liabilities 7
Assets— t o t a l..............................
Cash and due from banks................
U . S. Government obligations.........................
Other securities...........................................
Real estate loans.....................
Other loans and discounts...............
All other assets.........................
Liabilities and capital— to ta l.........
Total deposits........................................
Demand deposits...................
Time and savings deposits...................
Borrowings and other liabilities. . . .
Total surplus and capital accounts............

1A A1
___ • i/ T X vlli\J U X Xl7 i T •
L
X
g X
t




BANKS

r t i a f x i n f n ’ea u F banks not submitting reports to FDIC in 1945-1947, includes additions to valuation reserves.
7 a 1945-1947 for banks submitting reports to FDIC and in 1948-1949 for all banks, includes all additions to valuation reserves.
» Asset and liability items are averages of figures reported at beginning, middle, and end of year.
8 Includes 3 mutual savings banks, members of the Federal Reserve System.
Back figures: See the Annual Report for 1941, p. 173.

INSURED

s fT?r
iq?in^QAi> S /f f lltKngirep0^ts
.to U
^P-IC in 19 4 i, insists 9 f regular and extraordinary depreciation reserves on banking house, furniture and fixtures.
4 ln
f°^ ban£s * ot- submittmg reports to FDIC in 1945-1947, includes reductions in valuation reserves.
5 ?n i o 1 i i o H r 5 a
fnks submitting reports to FDIC and in 1948-1949 for all banks, includes all reductions in valuation reserves.

O
F

1 Tn/»llinflo i r A f n o o ir v v io l AVH
n
* A
i

}

DIVIDENDS

318
3,813

E X P E N SE S , AND

344
4,244

Net profits after interest and dividends.. . .

EAR N IN G S,

Interest on capital debentures......................

27,916

33

4,588

Net profits after income taxes..........................

4,164

97

Taxes on net in com e....................................

00

CO

00

T able 119.

R

a t io s

of

1942

D

iv id e n d s

1943

of

I nsured M

1944

utual

1945

S a v i n g s B a n k s , 1941-1949

1946

1948

1947

1949

$ 100.00
50.44
.46
27.97
9.00

$ 100.00
47.34
.43
33.09
10.04

$ 100.00
43.68
.50
42.02
7.64

$ 100.00
40.62
.54
48.76
6.44

$ 100.00
40.25
.56
49.23
6.49

$ 100.00
41.25
.61
45.68
8.87

$ 100.00
43.81
.60
41.91
10.34

.17
15.32

.20

12.78

.12
12 .0 1

.18
8.92

.32
5.84

.37
3.27

.36
3.11

.30
3.29

.33
3.01

Current operating expenses— to ta l.................
Salaries, wages and fees1 ......................................
Taxes other than on net income........................
Recurring depreciation on banking house,
furniture and fixtures2......................................
Other current operating expenses.....................

33.57
10.93
7.81

32.14
11.82
6.69

32.12
11.32

29.28
11.04

6.22

6.02

24.07
10.41
2.60

24.37
11.38
2.06

24.92
12.16
1.83

24.99
12.31
1.59

23.85
11.97
1.47

.96
13.87

.97

1 .1 1

13.47

1.14
12.08

.82
10.24

.74
10.19

.68

12 .6 6

10.25

.67
10.42

.72
9.69

N et current operating earnings.......................

66.43

67.86

67.88

70.72

75.93

75.63

75.08

75.01

76.15

Dividends (interest) paid on deposits...........

42.68

43.53

43.14

44.78

44.41

> 45.63

48.25

48.64

53.97

Net operating earnings after dividends on
deposits..........................................................

23.75

24.33

24.74

25.94

31.52

30.00

26.83

26.37

22.18

3.52
1.18
2.34
1.50

3.65
1.17
2.48
1.59

3.44

3.23
.95
2.28
1.44

3.03
.73
2.30
1.35

2.86

2.34
1.49

2.91
.73
2.18
1.41

2.98
.71
2.27
1.61

.84
1.17
1.77
.24

.89
.91
1.60

.84

.18

.77
.43
.55
.65
.61

.66

.22

.95
1.71
1.27
1.39
1.37

Am ounts per $100 of total assets 3
Current operating earnings— total........................
Current operating expenses— total........................
Net current operating earnings..............................
Dividends (interest) paid on deposits...............
Net operating earnings after dividends on
deposits.....................................................................
Recoveries and profits— total.................................
Losses and charge-offs— total.................................
Net profits before income taxes.............................
Net additions to surplus and capital accounts..




.20

1.1 0

.85
1.63
2.13
.35
.34

1 .1 1

1.24
.71
.70

2.91
.71
2.20

1.33
.87
1.55
1.18
1.24
1.19

.71
2.15
1.38
.77
.76
.86

.67
.63

.53
.60
.59
.56

CO R PO R ATIO N

$ 100.00
40.91
1.47
22.46
22.18

INSURANCE

$ 100.00
38.18
1.72
18.63
25.98

DEPOSIT

Am ounts per $100 of current operating
earnings:
Current operating earnings— to ta l................
Income on real estate loans................................
Income on other loans.........................................
Interest on U . S . Government obligations. . .
Interest and dividends on other securities.. . .
Collection and exchange charges, commis­
sions, and fees....................................................
Other current operating earnings......................

1941

and

FEDERAL

Earnings or expense item

E a r n in g s , E x p e n s e s ,

Number of banks, December 314.

4.44
4.41

4.54
4.15

4.61
4.41

4.58
4.55

.51
4.39

4.43
4.38

4.37
4.50

2.23

2.36

2.30

2.07

2.14

2.26

2.28

2.29

2.33

4.05

4.07

3.71

4.72

4.07

3.46

2.99

3.00

3.00

1.65

1.75

1.65

1.60

1.49

1.47

1.53

1.57

1.79

2.60

2.09

3.46

7.43

15.15

12.93

6.74

6.53

5.95

100.00

100.00

100.00
6.22

100.00

100.00

100.00

100.00

34.00
2.70

4.40
62.89
5.42
26.14
1.15

4.95
61.91
6.20
25.90
1.04

100.00

100.00

3.92
59.66
5.69
29.08
1.65

4.82
58.03
8.58
27.51
1.06

4.55
53.71
10.28
30.35

100.00

100.00

9.36
29.48
22.59
32.42
6.15

6.77
34.73
19.91
33.11
5.48

41.80
8.35
39.43
4.20

4.91
51.53

6.86

100.00

100.00

100.00

100.00

100.00

100.00

100.00

91.35

90.96
90.96
.32
8.72

89.79

90.36

90.71

90.53

91.85
.37
8.28

.28
9.93

.26
9.38

.25
9.04

90.1*2
.27
9.20

90.41
.10
90.81
.32
9.27

52

56

184

192

192

191

194

.11

1.11

90.22
.32
9.35

90.25
.10
90.15
.33
9.42

193

192

90.33
.11

DIVIDENDS

Liabilities and capital— t o t a l.. .
Total deposits..................................
Demand deposits..........................
Time and savings deposits.........
Borrowings and other liabilities.
Total capital accounts..................

4.72
3.72

E X P E N S E S , AND

Assets and liabilities per $100 of total
assets 3
Assets— to ta l........................................................
Cash and due from banks...............................
U . S. Government obligations.......................
Other securities..................................................
Loans and discounts.........................................
All other assets........................... .......................

4.39
3.40

EAR N IN G S,

Special ratios’
Income on real estate loans per $100 of real
estate loans............................................................
Income on other loans per $100 of other loans.
Interest on U . S. Government obligations per
$100 of U. S. Government obligations..........
Income on other securities per $100 of other
securities...................................................................
Dividends paid on deposits per $100 of time
and savings deposits.............................................
Net additions to surplus and capital accounts per
$100 of total surplus and capital accounts..

1 Includes professional fees from 1941 through 1944.
2 For banks not submitting reports to FDIC in 1941, consists of regular and extraordinary depreciation reserves on banking house, furniture and fixtures.

O
F

* Asset and liability items are averages of figures reported at beginning, middle, and end of year.
4 Includes 3 mutual savings banks, members of the Federal Reserve System.

INSURED
BANKS




00
Oi

D

e p o s it

Insurance D

is b u r s e m e n t s

Table 120. Disbursements by the Federal Deposit Insurance Corporation to protect depositors;
number of banks, deposits of, and number of depositors in insured banks placed in
receivership or merged with the financial aid of the Corporation, 1934-1949

,

,

>

Banks grouped by class of bank year of receivership or merger amount of deposits
and State

Table 121. Assets and liabilities of insured banks placed in receivership and of insured banks
merged with the financial aid of the Federal Deposit Insurance Corporation,
1934-1949
As shown by books of bank at date of closing

Table 122. Name, location, Federal Deposit Insurance Corporation disbursement, and assets
and liabilities of insured banks merged with the financial aid of the Corporation
during 1949
Table 123. Recoveries and losses by the Federal Deposit Insurance Corporation in connection
with insured banks placed in receivership or merged with the financial aid of the
Corporation, 1934-1949




,

,

As shown by books of FDIC December 31 1949

Disbursements by the Federal Deposit Insurance Corporation
to protect depositors are made whenever insured banks because of

N oninsured bank failures

financial difficulties are placed in receivership or are merged with the
aid of the Corporation. In receiverships the disbursement is the amount
paid by the Corporation on insured deposits. In mergers the Corpora­
tion’s disbursement is the amount loaned to merging banks, or the
price paid for assets purchased from them.

Four noninsured banks failed in 1949. The names and locations of
these banks and their deposits and dates of closing are given below.

The table “ Depositors and deposits of insured banks placed in
receivership,” by years, which appeared in previous reports, has been
omitted since there has been no receivership since 1944. For definitions
of the terms used in that table, and the detailed figures as shown by
the books of the Corporation for December 31, 1946, see the Annual
Report of the Corporation for 1946, pages 167 and 171. Totals for all
insured banks placed in receivership are given in Tables 2 and 3 of
this Report, pages 7 and 8.
Deposits of insured banks placed in receivership as given in Table 120
are taken from the books of FDIC at the end of the year and will differ
from the deposits in Table 121 which are taken from books of the
bank at date of closing. This is because the former include deposits
discovered or reclassified after the date of a bank’s closing.
Details of the mergers during 1949 are given in Table 122. The
disbursements by the Corporation were made to purchase assets from
the selling bank which were not acceptable to the purchasing bank.

Commercial Bank, Jasper, Georgia, April 28, 1949, deposits
$190,000.

Valley State Bank, San Juan, Texas, June 27, 1949, deposits
$1,007,000.

Sources of data

Books of bank at date of closing; and books of FDIC, December
31, 1949.

D IS B U R S E M E N T S

For suspensions of noninsured banks in previous years, see the Annual
Reports of the Corporation as follows: 1943, p. 102; 1946, p. 167; and
1947, p. 159.

INSURANCE

Viguera Banking Company, Eagle Pass, Texas, May 25, 1949,
deposits $1,246,000.

DEPOSIT




Farmers & Merchants Bank, Blairsville, Georgia, April 29, 1949,
deposits not available.

oo

Table 120.
D

D is b u r s e m e n ts b y t h e F e d e r a l D e p o s it In s u r a n c e C o r p o r a tio n t o

e p o s it s

of, and

N

umber

of

D

e p o s it o r s i n

I n su red B a n k s P laced

in

R

P r o t e c t D e p o s ito r s ; N u m ber o f B a n k s,
e c e iv e r s h ip

or

M

erged

w it h

th e

F i n a n c i a l A id o f t h e C o r p o r a t i o n , 1 9 3 4 -1 9 4 9

^
Q
O
<*>

BANKS GROUPED BY CLASS OF BANK, YEAR OF RECEIVERSHIP OR MERGER, AMOUNT OF DEPOSITS, AND STATE
Disbursements by FDIC
(in thousands of dollars) 1

Deposits
(in thousands of dollars)

Number of banks

Number of depositors2

Classification
Total

269,961

8 7,044

182,917

Receiver­
ships

Total

Mergers

411

245

166

Total

527,655

Receiver­
ships2

Mergers3

109,603

418,052

1,347,948

Total

Receiver-

Mergers4

382,764

965,184

34,768

70

21

49

105,179

19,474

85,705

282,435

55,406

227,029

80,304

22

6

16

187,623

26,550

161,073

368,503

82,860

285,643

119,147

51,302

67,845

319

218

101

234,853

63,579

171,274

697,010

244,498

452,512

Calendar year
193 4
193 5
193 6
193 7

941
8,890
14,833
19,202

941
6,025
8,056
12,045

2,865
6.777
7,157

1,968
13,320
27,528
33,345

1,968
9,091
11,241
14,960

4,229
16,287
18,385

15,767
44,655
89,024
130,409

15,767
32,331
43,225
74,148

12,324
45,799
56,261

1938.
1939.
1940.
1941.

30,512
67,804
74,455
23,928

9,092
26,196
4,895
12,278

21,420
41,608
69,560
11,650

59,724
157,790
142,389
29,721

10,296
32,751
5,657
14,730

49,428
125,039
136,732
14,991

203,970
392,765
256,373
73,046

44,288
90,211
20,667
38,594

159,682
302,554
235,706
34,452

1942.
1943.
1944.
1945.

11,141
7,250
1,520
1,874

1,612
5,500
404

9,529
1,750
1,116
1,874

19,011
12,535
1,915
5,695

1,816
6,637
456

17,195
5,898
1,459
5,695

60,602
27,372
5,488
12,484

5,717
16,917

54,885
10,455
4,589
12,484

1946.
1947.
1948.
1949.

292
1,777
2,990
2,552

292
1.777
2,990
2,552

316
6,966
10,455
4,977

316
6,966
10,455
4,977

1,404
10,618
18,311
5,660

1,404
10,618
18,311
5,660

Banks with deposits of$ 100,000 or less......................
$100,000 to $250,000............
$250,000 to $500,000............

4.955
12,864
15,224

4.308
11,554
10,223

647
1,310
5,001

106
108
60

6,358
17,611
21,409

4,947
13,920
12,462

1,411
3,691
8,947

38,064
83,012
90,910

29,695
65,512
56,777

8,369
17,500
34,133

$500,000 to $1,000,000........
$ 1 , 000,000 to $2 , 000 ,0 00 . ..
$2,000,000 to $5,000,000. .,

26,090
28,862
43,761

13,901
8,961
12,421

12,189
19,901
31,340

54
39
26

40,382
56,693
80,658

17,590
11,748
16,279

22,792
44,945
64,379

142,166
188,030
214,514

63,487
54,324
51,756

78,679
133,706
162,758

$5,000,000 to $10,000,000. .
$10,000,000 to $50,000,000.
More than $50,000,000........

23,642
114,563

23,642
88,887

10

25,676

65,407
239,137

32,657

65,407
206,480

170,850
420,402

61,213

170,850
359,189




CO R PO R ATIO N

14,808
20,934

INSURANCE

49,576
101,238

DEPOSIT

Class of bank
National banks.........................
State banks members F . R.
System....................................
Banks not members F. R.
System....................................

Mergers8

FEDERAL

A ll banks.

Receiver­
ships2

Florida...................
Georgia.................
Illinois....................
Indiana..................
Iowa.......................

300
863
3,779
6,207
1,462

203
846
1.242
3,097
385

97
17
2,537
3,110
1,077

Kansas...................
Kentucky..............
Louisiana..............
Maryland.............
Massachusetts. . .

975
4,614

482
3,329
668
735

Michigan...............
Minnesota.............
Mississippi............
Missouri................
Montana...............

5,340
640
257
4,920
639

139
640
257
4,335
186

Nebraska...............
New Hampshire..
New Jersey...........
New York.............
North Carolina...

469
118
80,891
67,826
1,448

25,103
10,835
1,156

North Dakota. . .
Ohio........................
Oklahoma.............
Oregon...................
Pennsylvania. . . .

2,663
2.444
962
47,677

South Carolina...
South Dakota.. . .
Tennessee.............
Texas.....................
Vermont................
Virginia.................
Washington..........
West Virginia.. . .
Wisconsin.............
Wyoming..............

143

1

668

3,132
1,571

1

5
1

‘ 861
1
2
1

7

1
1

493
1,285

5
18
3

4
4

2,397
1,571

2

5,201

3
5
3
34
3

469

3
2

4
11
2

4
118
55,788
56,991
292

1
11

27

3

22

2

4

18
2

11
1

5

3

10,133

1,266
258
1,311
962
37,544

8

18

298
2,411
1,279
2,761
3.445

136
2,388
1,164
2,468
3,259

162
23
115
293
186

1
22
8

1
1

2

2
1

5,053
935
1,458
7,198

511

4,542
935

3

5

1,458
5,096

1,397
1,610
1,133

1,868

202

1

16

4

1

3
2,102

202

20

428
1,078

8 Data from books of bank at date of closing.
4 Number of deposit accounts.




794
3,529

2,437
3,169

11
1

8

10

10

1,526

5,379

5,379

491
1,027
8,158
13,236
5,516

217
998
1,637
3,932
498

274
29
6,521
9,304
5,018

1,642
8,094
19,081
30,011
13,666

448
7,773
5,372
12,549
1,676

1,194
321
13,709
17,462
11,990

539
694
3,954
3,997
1,652
828 .........3,741
3,019

5,147
34,623
6,087
22,569
9,062

2,254
18,490
6,087
6,643

2,893
16,133

12,404
818
334
7,001
1,007

160
818
334
5,116
215

928
2,650
1,651
26,760
849

29,582

1,885
792

30,510
2,650
1,651
34,562
1,488

538
296
192,444
138,826
2,291

30,928
13,286
1,421

296
161,516
125,540
870

2,224
1,781
520,426
259,905
7,962

101,656
28,440
3,677

2,278
742
2,492
1,114
54,799

14,109
8,541
10,564
2,105
157,843

43,828

7,349
956
4,690
2,105
114,015

714
126
322

1,848
12,516
12,358
19,864
11,058

403
11,412
9,993
18,334
8,687

1,445
1,104
2,365
1,530
2,371

2,964
26,063
4,181
8,346 .........8,346
26,896
18,739
3,197

23,099
4,181

1,233
7,951
1,652
4,569
3,019

538

3,830
3,087
4,151
1,114
69,139

14,340

850
2,988
1,942
3,925
3,725

136
2,862
1,620
3,239
3,375

10,746
1,538
2,006
9,503
1,991

12,244

1,552
2,345
1,659

686

350

629
10,117
1,538
2,006
5,966 .........3,537
1,991

1 Includes only principal disbursements; i.e., excludes expenses incident to the transactions, the greater part of which has been recovered.
2 Data from books of FDIC, December 31, 1949.

3,231
3,529
3,169

8

15
3

585
453

10 1

1,168

1,526

9
5
3

6

529
1,168
1,078

15,926
9,062

7,802
639

2,224

6,760
7,585
5,874

1,781
418,770
231,465
4,285

8,157
3,197

D IS B U R S E M E N T S

7
1.242

94
841

INSURANCE

237
841
861
7
1,242

DEPOSIT

State
Alabama...............
Arkansas...............
California..............
Colorado...............
Connecticut.........

T a b le 121.

A s s e t s a n d L i a b i l i t i e s o f I n s u r e d B a n k s P la c e d in R e c e i v e r s h i p a n d o f I n s u r e d B a n k s M e r g e d w i t h
th e

F i n a n c i a l A id o f 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 ,

1934-1949
CD
O

AS SHOWN BY BOOKS OF BANK AT DATE OF CLOSING
Assets
Year

U. S. Gov­
ernment
obligations

Other
securities

Liabilities and capital accounts
Banking
house,
furniture &
fixtures

Total

Other
real
estate

Other

Total
deposits

Other
liabilities

R. F. C.
capital

Private
capital
stock

Other
capital
accounts1

$120,394,593 $80,271,561 $74,278,265 $236,564,932 $22,458,520 $59,563,796 $13,607,660 $607,139,327 $525,426,240 $11,474,733 $25,145,464 $38,202,461 $6,890,429

R E C E IV E R S H IP S 2
T o ta l
$22,620,382 $10,154,078 $15,946,562

$65,569,217

$5,375,616 $12,293,686

$8,330,507 $140,290,048 $107,374,564 $10,122,023

603,519
698,440
902,215
1,293,683

273,638
510,479
1,955,104
2,307,696

1,329,865
6,842,116
6,454,624
11,107,699

79,365
459,055
459,700
486,995

120,319
242,274
734,874
837,966

69,565
1,597,403
273,559
1,010,689

2,661,327
12,323,948
12,974,788
19,283,376

1,951,992
8,700,485
11,039,098
14,715,286

1938
1939
1940
1941

1,610,297
3,329,557
1,018,215
6,462,157

451,570
1,052,424
452,574
3,493,431

2,215,638
4,855,519
1,519,677
1,810,346

6,574,061
21,839,422
3,314,762
5,398,218

412,911
1,845,901
694,900
91,311

2,125,022
7,221,558
435,526
106,615

530,408
3,781,385
523,899
449,458

13,919,907
43,925,766
7,959,553
17,811,536

1942
1943
1944

500,513
2,910,826
196,220

119,650
968,872
117,700

52,364
405,011
41,090

777,953
1,846,467
84,030

70,685
772,493
2,300

55,222
414,310

25,030
63,677
5,434

1,601,417
7,381,656
446,774

1935
1936
1937
1938
1939

404,834
3,109,830
4,717,074
8,133,887
27,451,442

233,395
2,071,296
2,495,254
7,018,796
27,929,162

1,403,807
2,080,059
3,520,186
10,377,037
16,266,036

2,256,417
8,917,554
8,678,629
20,896,236
44,289,765

608,467
1,277,605
562,181
2,873,257
5,142,882

1940
1941
1942
1943
1944

30,227,874
3,167,243
4,159,617
1,216,987
368,633

17,183,076
801,273
3,547,766
2,903,771
585,251

17,987,527
2,835,309
2,275,392
555,383
230,282

60,687,428
8,178,623
7,731,137
1,675,734
367,086

4,553,388
798,028
759,861
274,331

1945
1946
1947
1948
1949

2,440,786
126,764
2,769,014
6,864,201
2,616,025

1,371,925
114,326
2,201,186
1,013,657
647,349

55,504
30,236
318,322
178,720
217,903

2,435,488
77,049
1,452,370
2,015,414
1,336,785

93,695
1,132,758

90,000
223.000
788.000
755,250

432,100
950.000
1,069,350
2,498,815

82,272
338,577
-15,355
181,267

10,124,255
32,557,805
5,599,438
14,627,158

1,213,354
4,695,820
455,788
298,526

1,052,900
2,249,996
422,750
195,500

1.059.200
2,775,001
1,045,533
1.582.000

470,198
1,647,144
436,044
1,108,352

1,379,526
6,274,311
405,210

1,520
13,582
131

81,750
32,500
4,600

140.000
675.000
27,300

-1,379
386,263
9,533

$5,277,153 $466,849,279 $418,051,676

2 , 11 1,8 8 6

$1,352,710 $19,249,218 $25,948,162 $2,247,513

1,184,658
926,359
3,913,009
15,459,743

10,808
325.362
186,497
2,380,489
1,049,600

4,917,728
18,966,364
21,086,180
55,592,711
137,588,630

4,228,816
16,287,262
18,384,923
49,428,383
125,038,946

140
19,769
262,651
168,674
679,659

22,840,095
1,014,582
1,824,586
15,844
67,428

458,831
197,669
354.362
34,523
32,108

153,938,219
16,992,727
20,652,721
6,676,573
1,650,788

136,731,549
14,990,768
17,195,146
5,897,691
1,459,091

157,766
57,508
584

4,609
2,369
56,630
112,200
61,705

83,603
425
215
156,808
5,853

6,391,915
351,169
6,797,738
10,360,196
4,885,620

5,695,202
316,402
6,965,742
10,454,520
4,977,235

1

19,196

$5,896,246 $12,254,299 $4,642,916

315.000
1.664.000
1,808,400
2,697,650
6.381.000

373,772
685,333
21,006
-428,459
-614,475

7,186,655
289,000
913,400
96,000

8,666,162
1,111,250
1.748.200
300.000

200.000

5,959

310,000
609,200
3,726,463
6,103,500

1,196,087
544,201
795,391
382,882
-8,303

331.500
10,000
197.500
375,000
142.500

365,213
24,767
-365,504
-469,324
-255,074

15,000

1 Includes surplus, undivided profits, and reserve funds minus operating deficit, if any, as shown by books. Minus (-) indicates net operating deficit.
2 No insured bank has been placed in receivership since 1944.




CO R PO R ATIO N

MERGERS
T o tal
$97,774,211 $70,117,483 $58,331,703 $170,995,715 $17,082,904 $47,270,110

104,963

INSURANCE

185,056
1,974,181
2,194,712
2,238,648

DEPOSIT

1934
1935
1936
1937

FEDERAL

T o ta l

Cash and
due from
banks

Loans,
discounts,
and
overdrafts

T a b le 1 2 2 .

N a m e, L o c a tio n , F e d e r a l D e p o s it In s u r a n c e C o r p o r a tio n D is b u r s e m e n t, an d A s s e t s a n d L ia b ilit ie s o f
I n s u r e d B a n k s M e r g e d w i t h t h e F i n a n c i a l A id o f t h e

C o r p o r a tio n D u r in g

1 949

Disbursement2
Case
number

Name and location

Number of
accounts1

Class of bank

Absorbing bank
Date

Amount

National

164

Stockmens Bank of Martinsdale,
Martinsdale, Montana

State bank, not
member F. R. System

422

May 3, 1949

426,361

The Continental National Bank of
Harlowtown, Harlowtown, Montana

165

The Citizens Banking Company,
Weston, Ohio

State bank, not
member F. R. System

956

June 13, 1949

257,560

The Bank of Wood County Company,
Bowling Green, Ohio

166

Farmers & Merchants State Bank,
Spencerville, Indiana

State bank, not
member F. R. System

902

October 10, 1949

585,503

The Auburn State Bank,
Auburn, Indiana

3,380

February 21, 1949

$1,282,161

Cash and
due from
banks

U. S. Gov­
ernment
obligations

Other
securities

Loans,
discounts,
and
overdrafts

Liabilities
Banking
house,
furniture &
fixtures

T otal

$2,616,025

$647,349

$217,903

$1,336,785

$61,705

163
164
165
166

2,057,885
248,543
220,745
88,852

124,900
268,679
187,370
66,400

4,500
42,500
169,839
1,064

918,320
68,293
153,483
196,689

51,250
5.100
4.100
1,255

Other
real
estate

Total
Other
assets

Total
deposits

Other
liabilities

$5,853

$4,885,620

$4,977,235

$5,959

1,090
4,748
15

3,156,855
634,205
740,285
354,275

3,089,729
709,196
741,702
436,608

1,566
529
3,217
647

Private
capital
stock

Other
capital
accounts3

$15,000

$142,500

$-255,074

15,000

75.000
25.000
30.000
12,500

D IS B U R S E M E N T S

Assets
Case
num­
ber

Gary National Bank, Gary, Indiana

INSURANCE

The First National Bank of Dyer,
Dyer, Indiana

DEPOSIT

163

-9,440
-100,520
-34,634
-110,480

R. F. C.
capital

1 Number of accounts as of date of examination prior to purchase of assets.
2 Does not include preliminary and field liquidation expenses or advances for the protection of assets, incident to the transaction.
3 Includes surplus, undivided profits, and reserve funds minus operating deficit, if any, as shown by books. Minus (-) indicates net operating deficit.

Note: Data do not include one national bank in Monmouth, Oregon, with deposits of $1,189,500, in financial difficulties, absorbed by a national bank in Portland, Oregon, June 30,
1949, of which it became a branch. No financial aid of the Federal Deposit Insurance Corporation was necessary.




I *
—■
co

Table 123.

R e c o v e r i e s a n d L o s s e s 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 in C o n n e c t i o n w i t h

Insu r ed B a n k s P laced

in

R

e c e iv e r s h ip

or

M

erged

w it h

the

F i n a n c i a l A id

of

th e

C o r p o r a t i o n , 1934-1949

AS SHOWN BY BOOKS OF FDIC, DECEMBER 31, 1949
(Amounts in thousands of dollars)
Mergers

Receiverships

All banks

241,737

2.755

25,490

245

87,065

72,424

187

14,454

166

182,917

169,313

2.568

11,036

59
352

149,620
120,362

133,908
107,829

2.755

12,957
12,533

15
230

32,766
54,299

27,842
44,582

187

4,737
9,717

44

116,854
66,063

106,066
63,247

2.568

122

8,220
2,816

207
2,732
2,415
3,579

941
6,025
8,056
12,047

734
4,254
6,596
9,461

19

207
1,752
1,460
2,557

27
25

2,865
6.777
7,157

1,885
5,822
6,130

9,092
26,209
4,895
12,278

7,903
20,039
4,313
12,065

1,189
6,042
582
213

24
28
24
7

21,420
41,608
69,560
11,650

20,172
40,022
65,384
11,156

6
145
973
86

1,242
1,441
3,203
408

1,612
5,506
404

1,320
5,376
363

292
123
37

14

9,529
1,750
1,116
1,874

9,114
1,750
1,116
1,874

24

391

292
1.777
2,990
2.552

292
1,356
1,863
1,377

307
352
670

114
775
505

Year
193
193
193
193

4
5
6
7

9
25
69
75

941
8,890
14,833
19,204

734
6,139
12,418
15,591

193
193
194
194

8
9
0
1

74
60
43
15

30,512
67,817
74,455
23,928

28,075
60,061
69,697
23,221

273
973

86

2,431
7,483
3,785
621

194
194
194
194

2
3
4
5

20

11,141
7,256
1,520
1,874

10,434
7,126
1,479
1,874

24
7
4

123
37

194
194
194
194

6
7
8
9

1

292
1,777
2,990
2.552

292
1,356
1,863
1.377

307
352
670

114
775
505

5
2
1

5

6

’ ’ ’ 29

(3
)

128

1

1
1
1
1

5

980
955

1,022

1 Differs from amount of principal disbursements as given in Table 120 by including unpaid insured deposits, expected to result in additional FDIC disbursement of $21 thousand
($2 thousand in 1937, $13 thousand in 1939, and $6 thousand in 1943).
2 Sum of losses in the cases in which the disbursement by the Corporation to protect depositors was not repaid in full. Excludes interest or gains in cases in which the disbursement
by the Corporation was fully recovered and gains or losses on assets purchased by the Corporation from receivers of closed banks. For the net loss of the Corporation, see the item,
“ Losses incurred and reserves for losses," in note 1 to Table 12, p. 20.
* Less than $500.




C O R POR ATIO N

269,982

INSURANCE

411

S ta tu s
A ctiv e .........
Terminated

DEPOSIT

A ll b an ks, t o t a l.

FEDERAL

Liquidation status
and year of
Estimated
Re­
Re­
Re­
Estimated
Estimated
Estimated
Estimated
Estimated
receivership or
addi­
Number
addi­
addi­
coveries
coveries
coveries
Estimated
Estimated Number
Estimated Number
FDIC
FDIC
FDIC
merger
of
of
to
to
to
tional
of
tional
tional
disburse­
disburse­
disburse­
losses3
losses3
banks
banks
re­
re­
re­
banks
ment1 December
ment1 December
ment1 December
coveries
31, 1949 coveries
coveries
31, 1949
31, 1949




INDEX




I NDE X
Page

Absorptions, consolidations, and mergers:
Of insured banks, 1934-49. See Mergers of insured banks with financial aid
of the Corporation.
Of operating banks, 1949.................................................................................126-127
Accounts in insured banks. See Insurance coverage.
Admission to insurance:
Applications approved....................................................................................... 12-14
By class of bank, 1949.....................................................................................126-127
Applications from banks:
For admission to insurance............................................................................... 12-14
For approval of establishment of branches...................................................... 13-15
Appraised value of assets. See Assets and liabilities of insured commercial banks,
examiners’ appraisal.
Assessments on insured banks for deposit insurance..................................17-19, 23, 57
Assets and liabilities of closed banks. See Receivership, insured banks placed in.
Assets and liabilities of insured commercial banks, examiners’ appraisal (See
also Substandard assets of insured commercial banks):
Banks examined in 1941-1949......................................................................... 152-153
Banks examined in 1949, grouped by amount of deposits........................... 154-155
Banks examined in 1949, grouped by FDIC district and State.................. 156-157
38
Change in recent years......................................................................................
Definitions of terms: adjusted liabilities; appraised value; book value;
examiners’ deductions; assets not criticized; substandard assets.......
151
Sources of data...................................................................................................
151
Assets and liabilities of operating banks (See also Assets and liabilities of insured
commercial banks, examiners’ appraisal; Capital of banks; Deposits;
Loans by banks; Securities):
*A.ll b & iik s *

Amount, by type, December 31, 1945, 1948-1949.....................................
30
By FDIC district and State, December 31, 1949....................................144-145
Changes during 1949.................................................................................... 29-30
Grouped according to insurance status and type of bank, June 30 and
December 31, 1949............................................................................... 140-143
Percentage composition, December 31, 1945, 1948-1949..........................
30
Commercial banks, June 30 and December 31, 1949....................................140-143
Insured banks, December 31, 1948, June 30 and December 31, 1949........ 146-149
Insured commercial banks:
Amount, December 31, 1948, June 30 and December 31, 1949.140-143, 146-149
Averages, by State, class of bank and deposit size of banks, 1949
................. ....................................................165, 169, 173, 175, 177, 179, 181
Averages of principal components, 1941-1949............................................
161
Reports o f...................................................................................................... 15-16
Insured mutual savings banks:
Amount, December 31, 1948, June 30 and December 31, 1949............. 146-149
Amount, June 30 and December 31, 1949................................................140-143
Averages of principal components, 1941-1949...........................................
183
Mutual savings banks:
Amount, by type and percentage change, December 31, 1945, 1948-1949
50
Amount, June 30 and December 31, 1949................................................140-143
Noninsured banks, June 30 and December 31, 1949.................................... 140-143
Sources of data...................................................................................................
139
Assets and liabilities of the Federal Deposit Insurance Corporation.................




195

18-24

196

FEDERAL DEPOSIT INSURANCE CORPORATION

Assets of insured banks, quality of. See Assets and liabilities of insured com­
mercial banks, examiners’ appraisal; Substandard assets of insured
commercial banks.
Assets pledged to secure bank obligations.............................................................

Page

149

Assets purchased by the Federal Deposit Insurance Corporation:
From banks in receivership to facilitate liquidation....................................... 8, 24
From banks merged with financial aid of the Corporation. See Mergers of
insured banks with financial aid of the Corporation.
Liquidation o f.............................................................................................. .4, 8-9, 24
Bank supervision (See also Examinations of banks):
Activities of the Federal Deposit Insurance Corporation in 1949.............. 10-16
State legislation, 1949...................................................................................... 117-122
Banking offices, establishment o f:
Banks, beginning operations, 1949................................................................. 29, 126
Branches, establishment approved by Corporation........................................ 13-14
Branches opened, 1949...................................................................................... 29, 127
Banking offices, number of. See Number of operating banks and branches.
Banking practices. See Unsafe and unsound banking practices.
Banks and branches ceasing operations:
All banks and branches, 1949................................................................... 29, 126-127
Branches of insured banks, 1949.......................................................................
127
Insured banks, 1949.........................................................................................126, 191
Noninsured banks, 1949.................................................................................. 126, 187
Banks in financial difficulties (See also Mergers of insured banks with financial
aid of the Corporation; Receiverships, insured banks placed in):
Depositors protected by the Corporation in closed banks.............................
6-8
Depositors sustaining loss in closed insured banks, number o f......................
6-7
Insured banks closed:
Deposits o f.......................................................................................... (3-8, 188-191
Deposits protected........................................................................................
6-8
Disbursements by the Corporation in connection with. .6-8, 188-189, 191-192
Loss to depositors.........................................................................................
6-8
Loss to Federal Deposit Insurance Corporation................................... 6-10, 192
Number, 1934-1949..................................................... 6, 9-10, 188-189, 191-192
Methods of handling under existing law..........................................................
3-5
Noninsured bank suspensions, 1949............................................................... 126, 187
Banks, number of. See Number of operating banks and branches.
Banks operating branches. See Banking offices, establishment of; Number of
operating banks and branches.
Blanket bond coverage. See Fidelity bond coverage.
Board of Directors of the Federal Deposit Insurance Corporation............. iv, v, 16
Board of Governors of the Federal Reserve System, data obtained from___ 139, 159
Book value of bank assets and liabilities. See Assets and liabilities of insured
commercial banks, examiners’ appraisal; Assets and liabilities of
operating banks; Capital of banks.
Branches. See Banking offices, establishment of; Classification of banks and
banking offices; Number of operating banks and branches.
Bureau of Internal Revenue, Commissioner’s ruling. See U. S. Treasury De­
partment.
Capital of banks (See also Assets and liabilities of operating banks; Earnings
and expenses of insured banks):
Examiners’ appraisal, insured commercial banks:
1941-1949............................................................................................. ....... 152-153
Banks grouped by amount of deposits, 1949........................................... 154-155



INDEX

197
Page

Capital of banks:—Continued
Examiners’ appraisal, insured commercial banks:—Continued
Banks grouped by FDIC district and State, 1949.................................. 156-157
Definition of terms used.............................................................................
151
Ratio of substandard assets to adjusted capital accounts................39, 156-157
Growth................................................................................................................ 36-38
Insured banks placed in receivership or merged with financial aid of the
Corporation........................................................................................... 190-191
Net additions as a proportion of net profits, insured commercial banks,
by State.................................................................................................... 46-48
Ratios to assets:
All commercial banks, December 31, 1945-1949.....................................
37
Insured banks. . .................................................147, 153, 155-157, 163, 167, 171
Insured commercial banks, by State, 1949................................................ 47-48
Insured commercial banks, distributed by, December 31, 1949.............. 37-38
Ratios to assets other than cash and U. S. Government obligations, all
commercial banks, December 31, 1945-1949...................:•••■•..........
^7
Retirement of capital invested in banks by the Reconstruction Finance
Corporation............................................................................................ 11, 38
Total capital accounts:
Commercial and mutual savings banks, insured and noninsured, June 30
and December 31, 1949........................................................................141, 143
Composition of, all commercial banks, December 31, 1945-1949..........
37
Insured banks, December 31, 1948, June 30 and December 31, 1949..
149
Charge-offs by banks. See Earnings and expenses of insured banks.
Class of bank, banking data presented by:
Accounts and deposits in insured banks, September 30, 1949..........69, 83, 93, 107
Admissions to and terminations of insurance................................................ 126-127
Banks merged with financial aid of the Corporation, 1949............................
191
Banks which suspended operations, 1934-1949......................................187-188, 191
Earnings of insured commercial banks........................................................... 164-167
Number of banks and banking offices............................................................ 126-137
Ratios of earnings of insured commercial banks......................................... .166-167
Reserve method of accounting for bad debt losses on loans, used by in­
sured commercial banks, 1948-1949......................................................
43
Classification of banks and banking offices..........................................................124-125
Closed banks. See Banks and branches ceasing operations; Banks in financial
difficulties; Receivership, insured banks placed in.
Commercial banks. See Assets and liabilities of insured commercial banks,
examiners’ appraisal; Assets and liabilities of operating banks; Capital
of banks; Deposits; Earnings and expenses of insured commercial
banks; Insurance coverage; Number of operating banks and branches.
Commissioner of Internal Revenue, ruling on reserve for bad debt losses on
loans. See U. S. Treasury Department.
Comptroller of the Currency:
Data obtained from......................................................................................... 139, 159
Director of Corporation...................................................................................iv, v, 16
Consolidations. See Absorptions, consolidations, and mergers.
Consumer loans. See Loans by banks.
Credit, bank, expansion of during 1949. See Deposits; Loans by banks.
Criticized assets. See Assets and liabilities of insured commercial banks, ex­
aminers’ appraisal.

Defalcation in banks.
Demand deposits. See Assets and liabilities of operating banks; Deposits,
classified by type of deposit.



198

FEDERAL DEPOSIT INSURANCE CORPORATION

Page
Depositors (See also Insurance coverage):
Claims against closed insured banks. See Receivership, insured banks
placed in.
Losses. See Banks in financial difficulties; Receivership, insured banks
placed in.
Protected in insolvent or hazardous banks suspended or merged. See Blanks
in financial difficulties.
Deposits (See also Insurance coverage):
Amount of, banks grouped by:
Accounts and deposits in insured banks, September 30, 1949.........
............. .................60-64, 71, 75, 82, 88, 89, 92, 98-99, 101, 103, 106, 109
Assets and liabilities of insured commercial banks examined in 1949. .154-155
188
Banks receiving financial aid from the Corporation......................... .
Disbursements for protection of depositors.........................................
188
Earnings data of insured commercial banks, 1949............................ . 168-169
Earnings ratios of insured commercial banks, 1949................................ 170-171
Business and personal. See Deposits, classified by type of deposit.
Changes in deposits, 1945 to 1949............................................................ .
30-32
Classified by type of deposit:
All banks, grouped by FDIC district and State......................................144-145
All banks, June 30 and December 31, 1949.............................................141, 143
All banks, semiannually, December 31, 1945-1949....................................
31
Commercial banks, June 30 and December 31, 1949..............................141, 143
Insured banks, by type of bank, December 31, 1948, June 30 and
December 31, 1949.................................................................................
148
Mutual savings banks, December 31, 1949, by State....................... 49, 136-137
Mutual savings banks, June 30 and December 31, 1949....................... 141, 143
Noninsured banks, by type of bank, June 30 and December 31, 1949. . 141, 143
Definition of deposits for assessment purposes................................................
57
Demand. See Deposits, classified by type of deposit.
Form and instructions for summary of deposits, September 30, 1949. . . .110-113
Government. See Deposits, classified by type of deposit.
Individuals, partnerships, and corporations. See Deposits, classified by
type of deposit.
Insured and otherwise protected:
In banks merged with financial aid of the Corporation..................... 3, 5, 7-8
In banks placed in receivership...................................................................
6-8
Interbank. See Deposits, classified by type of deposit.
Interest on time and savings deposits..........................................40, 42-43, 160-180
Postal savings deposits. See Deposits, classified by type of deposit.
Preferred. See Deposits, secured and preferred.
Savings and time. See Deposits, classified by type of deposit.
Secured and preferred, in insured banks placed in receivership, 1934-1949. .
8
Sources of data.................................................................................................139, 151
Subject to offset. See Receivership, insured banks placed in.
Types of deposit accounts......................................................................... .
57
Uninsured deposits of insured banks placed in receivership..........................
8
Deposits in:
All banks:
Banks grouped by FDIC district and State, December 31, 1949..........144-145
Banks grouped by insurance status, June 30 and December 31, 1949. .141, 143
31
By type of deposit, semiannually, December 31, 1945-1949....................
June 30 and December 31, 1949............................................................... 141, 143
Percentage expansion of business and personal deposits, by State,
December 31, 1945-1949........................................................................
32
Banks for which the Corporation is receiver...................................................
7
Banks located in each State and possession, December 31, 1949. . 136-137, 144-145
Banks receiving financial aid from the Corporation.........................3, 5-8, 188-191
Commercial banks:
Banks grouped by insurance status and by FDIC district and State,
December 31, 1949............................................................................... 136-137
June 30 and December 31, 1949............................................................... 141, 143
Insured banks (See also Insurance coverage):
As percentage of deposits of all banks........................................................
27
As percentage of deposits of all banks, by State, December 31, 1949. .
28
Placed in receivership or merged with financial aid of the Corporation
....................................................................................................... 6-8, 188-191



IN D E X

199
Page

Deposits in:—Continued
Insured commercial banks:
At time of examination............................................................................. 152, 154
By FDIC district and State, December 31, 1949....................................136-137
December 31, 1948, June 30 and December 31, 1949...............................
148
Special call dates.......................................................................................... 57-113
Insured mutual savings banks:
By FDIC district and State, December 31, 1949....................................136-137
By State, December 31, 1949............................................................. 52, 136-137
December 31, 1948, June 30 and December 31, 1949...............................
148
Special call dates.......................................................................................... 57-113
Mutual savings banks:
By FDIC district and State, December 31, 1949....................................136-137
December 31, 1949, by State........................................................ 49, 52, 136-137
June 30 and December 31, 1949............... ................................................141, 143
Noninsured banks:
By FDIC district and State, December 31, 1949.................................136-137
June 30 and December 31, 1949............................................................... 141, 143
Mutual savings banks, by State, December 31, 1949...............................
52
Depreciation. See Earnings and expenses of insured banks.
Dividends:
To depositors in mutual savings banks............................................53, 182, 184-185
To stockholders of operating insured commercial banks. See Earnings and
expenses of insured banks.
Earnings and expenses of insured commercial banks:
Amounts of principal components:
Annually, 1934-1949.....................................................................................
41
Annually, 1941-1949...................................................................................160-161
By class of bank, 1949............................................................................... 164-165
By deposit size of bank, 1949....................................................................168-169
By State, 1949............................................................................................ 172-181
Charge offs and recoveries:
Amounts, 1934-1949..................................................................................... 41, 44
Banks using reserve method of accounting for bad debt losses on loans,
by class of bank, 1948-1949...................................................................
43
Recoveries and profits on sale of assets......................................................
45
Current operating earnings and expenses, 1949.............................................. 41—
43
Income, sources and disposition of total, 1945-1949.......................................
40
Net profits after taxes:
Amounts................................................................. 41, 45, 161, 165, 169, 172-181
Disposition of, 1935-1949.........................................................................41, 45-46
Proportion retained in capital accounts, by State, 1949........................... 46-48
Ratios of earnings items:
Rates of income on loans and securities.................................... 42, 163, 167, 171
Rates of interest on time and savings deposits.........................42, 163, 167, 171
Rates of net profits and dividends on total capital accounts, by State,
1949.......................................................................................................... 46-48
Rates of service charges on demand deposits........................... 42, 163, 167, 171
To current operating earnings, total assets, and total capital accounts,
1 9 4 1 -1 9 4 9 ..........................................................................................42,162
To current operating earnings, total assets, and total capital accounts,
by class and deposit size of bank, 1949.............................. 166-167, 170-171
Salaries and wages, 1949...................................................................................
42
Taxes, 1949.....................................................................................................41-42, 45
Valuation reserves, transfers to and from........... 43, 159, 160, 164-165, 172-180
Earnings and expenses of insured mutual savings banks:
Amounts of principal components, 1941-1949............................................... 182-183
53
Dividends to depositors, 1943-1949.................................................................
Income from loans and securities, 1943-1949..................................................
53
Rates of income on loans and securities and dividends on deposits, 19411949 ................................... ..................................................... .............. 53,185
Ratios of earnings and expense items to current operating earnings and
total assets, 1941-1949............................................................................
184
Salaries and wages, 1949...................................................................................
53



200

FEDERAL DEPOSIT INSURANCE CORPORATION
Page

Employees:
Federal Deposit Insurance Corporation...........................................................
17
Insured commercial banks:
Average salary, 1949....................................................................................
42
Number and compensation, by State, class of bank and deposit size of
bank, December 31, 1949..................................... 164-165, 168-169, 172-181
Number and compensation, 1941-1949.....................................................160-161
Insured mutual savings banks:
Average salary, 1949....................................................................................
53
Number and compensation, 1941-1949.....................................................182-183

Examinations of banks (See also Assets and liabilities of insured commercial
banks, examiners’ appraisal; Capital of banks):
Banks examined by the Federal Deposit Insurance Corporation, 1949
10
Changes in examination procedure...................................................................
10
Data from reports of examination.................................................................. 152-157
Definition of terms.............................................................................................
151
Expenses of banks. See Earnings and expenses of insured banks.
Expenses of the Corporation. See Federal Deposit Insurance Corporation.
Facilities provided as agents of the Government. See Number of operating
banks and branches.
Failures. See Banks and branches ceasing operations; Receivership, insured
banks placed in.
Federal bank supervisory authorities.....................................................................

10

Federal credit unions...............................................................................................

24

Federal Deposit Insurance Corporation:
Actions on applications from banks. See Applications from banks.
Assessments on insured banks...................................................................... 17-19, 23
Assets and liabilities.......................................................................................18-21, 23
Audits.................................................................................................................. 21-24
Banks examined by, and submitting reports to ..............................................
15
Bank supervisory activities............................................................................... 10-16
Board of Directors........................................................................................... iv, v, 16
Borrowing power................................................................................................
24
Contingent liability in insuring bank deposits................................................ 57-59
Deposit insurance reserve............................................................................. 20, 23-24
Depositors protected by. See Banks in financial difficulties.
Disbursements for protection of depositors..................... 3, 5-10, 188-189, 191-192
Districts.............................................................................................................. vi, vii
Divisions.............................................................................................................. iv, 17
Educational program for bank examiners........................................................ 11-12
Employees, number o f................ ......................................................................
17
Examination of banks. See Examinations of banks.
Federal credit union activities..........................................................................
24
Form and instructions for summary of deposits........................................... 110-113
Income and expenses..................................................................................... 17-19, 23
Insured banks receiving financial aid from. See Banks in financial difficulties;
Mergers of insured banks with financial aid of the Corporation;
Receivership, insured banks placed in.
Insured deposits. See Deposits, insured and otherwise protected; Insurance
coverage.
Loans to and purchase of assets from insured banks. See Mergers of insured
banks with financial aid of the Corporation.
Losses incurred, 1934-1949............................... .......................
.9-10, 18-19, 192
Methods of protecting depositors. See Banks in financial difficulties.
Organization and staff............................................................................... iv, v, 16-17
Payments to insured depositors....................................................... 3, 5-6, 8-10, 188
Powers........................................................................................ ........................3-5, 24
Protection of depositors. See Banks in financial difficulties; Insurance
coverage.



INDEX

201
Page

Federal Deposit Insurance Corporation:—Continued
Purchase of assets to facilitate completion of liquidation of banks in re­
ceivership .................................................................................................
8
Receiver for insured banks................................................................................ 7, 24
Recoveries...........................................................................................9-10, 18, 20, 192
Regulations.........................................................................................................
17
Reports from banks....................................................................................... 15-16, 57
Reserves for losses on assets acquired..............................................................
20
Retirement of capital stock of the Corporation..........................................19, 21, 24
Supervisory activities......................................................................................... 10-16
Surplus (deposit insurance reserve).......................................................17-21, 23-24
Federal Deposit Insurance Corporation districts, banking data classified by:
Accounts and deposits in insured banks, September 30, 1949.....................
....................................................... 80, 84, 86, 90, 94, 96, 100, 102, 104, 108
Assets and liabilities.................................................................................................144
Assets and liabilities, examiners’ appraisal...................................................... ......156
Number and deposits by type of bank............................................................ ......136
Federal Reserve System. See Board of Governors of the Federal Reserve System.
Fidelity bond coverage............................................................................................

5, 11

Fixed and miscellaneous assets. See Assets and liabilities of insured com­
mercial banks, examiners’ appraisal; Assets and liabilities of operating
banks; Receivership, insured banks placed in.
Forms and instructions issued by the Federal Deposit Insurance Corporation.. 110-113
Income of insured banks. See Earnings and expenses of insured banks.
Income of the Federal Deposit Insurance Corporation. See Federal Deposit
Insurance Corporation.
Insolvent banks. See Banks in financial difficulties.
Insurance, defalcation and fidelity.........................................................................
Insurance coverage:
All insured banks, semiannual call dates, 1934-1949......................................
All insured banks, special call dates:
Accounts and deposits, by class of bank, September 30, 1949.................
Accounts and deposits, by population of center, September 30, 1949...
Accounts and deposits, by size of bank, 1934-1949...................................
Accounts and deposits, total number and amount, September 30, 1949. .
Accounts fully and partially protected with coverages of $5,000, $10,000,
and $25,000, 1934-1949...........................................................................
Accounts fully protected, by size of bank, 1936-1949...............................
Accounts fully protected with maximum coverages of $5,000, $10,000,
and $25,000, accounts grouped by type of deposits, September 30,
1949..........................................................................................................
Accounts protected and deposits insured, 1934-1949................................
Accounts protected with coverages of $5,000, $10,000, and $25,000, banks
grouped by deposit size, September 30, 1949.......................................
Average size of account, by type of account, 1936-1949...........................
Deposit data from special survey compared with deposit data from
reports of condition, 1949......................................................................
Deposit insurance protection under coverages of $5,000, $10,000, and
$25,000, September 30, 1949..................................................................
Deposits, by size of bank, 1936-1949..........................................................
Deposits, by type of account, 1936-1949....................................................
Deposits insured and uninsured with coverages of $5,000, $10,000, and
$25,000, 1934-1949..................................................................................
Deposits insured with coverages of $5,000, $10,000, and $25,000, accounts
grouped by type of deposit, September 30, 1949.................................
Deposits insured with coverages of $5,000, $10,000, and $25,000, banks
grouped by deposit size of bank, September 30, 1949.........................
Deposits insured with coverages of $5,000, $10,000, and $25,000, banks
grouped by population of center, September 30, 1949.........................



5, 11
61
69
65-66
60-63
59
74
64-65
77
61
75
68
57-59
72-74
63-64
68
74
78
75
76

202

FEDERAL DEPOSIT INSURANCE CORPORATION
Page

Insurance coverage:—Continued
All insured banks, special call dates:—Continued
Growth in total and insured deposits, 1934-1949......................................
60
Information requested on special calls.......................................................
57
Insured deposits, by size of bank, 1936-1949.............................................
64
Number of accounts, by size of bank, 1936-1949......................................
62
Number of accounts, by type of account, 1936-1949................................
67
Number of insured banks, by size of banks, 1934-1949............................
62
Proportion of accounts protected and deposits insured, by size of bank,
September 30, 1949................................................................................
65
Insured commercial banks, special call dates:
Accounts distributed by size; banks grouped by amount of deposits,
population of center, percent of deposits insured, class of bank, and
type of account, September 30, 1949.................................................... 82-83
Accounts distributed by size; banks grouped by FDIC district and by
State, September 30, 1949..................................................................... 80-81
Accounts protected and deposits insured with coverages of $5,000,
$10,000, and $25,000; banks grouped by deposit size, population
of center, percent of deposits insured, class of bank, and type of ac­
count, September 30, 1949................................................................... 106-107
Accounts protected and deposits insured with coverages of $5,000,
$10,000, and $25,000; banks grouped by FDIC district and State,
September 30, 1949...............................................................................104-105
Demand accounts, business and personal, distributed by size of account;
banks grouped by deposit size, September 30, 1949...........................
88
Demand accounts, business and personal, distributed by size of account;
banks grouped by FDIC district and State, September 30, 1 9 4 9 .... 84-85
Demand deposits, business and personal, distributed by size of account;
banks grouped by deposit size, September 30, 1949...........................
98
Demand deposits, business and personal, distributed by size of account;
banks grouped by FDIC district and State, September 30, 1 9 4 9 .... 94-95
Deposits, by size of accounts, 1934-1949....................................................
70
Deposits, by type, in banks grouped by size of bank..................... .........
71
Deposits distributed by size of account; banks grouped by deposit size,
population of center, percent of deposits insured, class of bank, and
type of account, September 30, 1949............................................ .
92-93
Deposits distributed by size of account; banks grouped by FDIC district
and State, September 30, 1949.............................................................. 90-91
Effect of increased coverage distributed among banks by proportion of
deposits insured under the $5,000 limitation...................................... 78-79
Number of accounts, by size of account, 1934-1949.................................
69
Savings and time accounts, business and personal, distributed by size of
account; banks grouped by deposit size, September 30, 1 9 4 9 ......
89
Savings and time accounts, business and personal, distributed by size of
account; banks grouped by FDIC district and State, September 30,
1949.......................................................................................................... 86-87
Savings and time deposits, business and personal, distributed by size of
account; banks grouped by deposit size, September 30, 1949.........
99
Savings and time deposits, business and personal, distributed by size of
account; banks grouped by FDIC district and State, September 30,
1949.......................................................................................................... 96-97
Insured mutual savings banks, special call dates:
Accounts and deposits, grouped by size of account, 1945 and 1 9 4 9 ....
71
Accounts distributed by size of account; banks grouped by FDIC
district, State, deposit size of bank, population of center, and type of
account, September 30, 1949... .^
........................................................100-101
Accounts protected and deposits insured with coverages of $5,000,
$10,000, and $25,000; banks grouped by FDIC district, State,
deposit size of bank, and population of center; accounts by type of
account, September 30, 1949......................................................; . . . . 108-109
Deposits distributed by size of account; banks grouped by FDIC district,
State, deposit size of bank, population of center; accounts by type,
September 30, 1949.......................................................................... 102-103
Effect of increase in coverage......................................................................
79
Reports from banks................................................................................... 15, 110-113



IN D E X

203
Page

Insured commercial banks not members of the Federal Reserve System. See
Class of bank, banking data presented by.
Insured commercial banks submitting reports to the Corporation..................... 15-16
Insured deposits. See Deposits, insured and otherwise protected; Insurance
coverage.
Insured mutual savings banks. See Mutual savings banks.
Insured State banks members of the Federal Reserve System. See Class of
bank, banking data presented by.
Insured status, banks classified by:
Assets and liabilities of, June 30 and December 31, 1949............................ 140-143
Changes in number of, 1949............................................................................126-127
Deposits of, December 31, 1949......................................................................136-137
In each State.................................................................................................... 128-137
Mutual savings banks, number and deposits, by State, December 31, 1949..
52
Number of, December 31, 1949........................................................................
27
Percentage of banks insured, by State, December 31, 1949...........................
28
Interbank deposits. See Deposits, classified by type of deposit.
Interest. See Earnings and expenses of insured banks.
Investments of banks. See Assets and liabilities of insured commercial banks,
examiners’ appraisal; Assets and liabilities of operating banks;
Securities.
Law, violations of by insured banks. See Unsafe and unsound banking practices.
Legislation related to banking and deposit insurance:
Federal, enacted in 1949:
Salary increase for members of the board of directors, F D IC .............
16
Reorganization of the agencies in the Executive Department of the
Government............................................................................................
16
State, enacted in 1949......................................................................................117-122
Liquidation, banks placed in..................................................................................

126

Loans by banks. {See also Assets and liabilities of operating banks):
Agricultural, 1945-1949......................................................................................
34
Changes in composition of loan portfolio, 1945-1949...................................... 32-33
Commercial and industrial................................................................................ 32-33
Consumer, 1945-1949......................................................................................... 34-35
Expansion, by State, 1945-1949 .......................................................................
33
Guaranteed by Federal Government, by type, 1947-1949............................. 34-35
Income and charge-offs on............................................................................ 41, 43-44
On securities.......................................................................................................
33
Provision for losses.................................................................................... 43, 139, 159
Rate of income on......................................................... 42, 52-53, 163, 167, 171, 185
Real estate, 1945-1949.......................................................................................
34
Substandard..........................................................................................38-39, 152-155
Loans to insolvent or hazardous insured banks by Federal Deposit Insurance
Corporation. See Mergers of insured banks with financial aid of
the Corporation.
Losses:
Of banks charged off. See Earnings and expenses of insured banks.
Of depositors. See Banks in financial difficulties; Receivership, insured
banks placed in.
Of the Federal Deposit Insurance Corporation. See Federal Deposit In­
surance Corporation.
Provision for, in banks.............................................................................. 43, 159-185
Mergers. See Absorptions, consolidations, and mergers; Banks in financial
difficulties; Mergers of insured banks with financial aid of the
Corporation.



204

FEDERAL DEPOSIT INSURANCE CORPORATION
Page

Mergers of insured banks with financial aid of the Corporation (See also Banks
in financial difficulties):
Assets and liabilities at date of merger, 1934-1949....................................... 190-191
Banks cited for unsafe and unsound practices................................................
13
Deposits protected................................................................................... 3-8, 188-191
Disbursements by Corporation...........................................................3, 5-8, 188-192
Loans made and assets purchased by Corporation.........................................4-5, 24
Losses incurred by Corporation..................................................... 6-7, 9-10, 24, 192
Name and location of banks merged, 1949......................................................
191
Number of banks merged............................................................3, 6-9, 188-189, 192
Number of depositors affected b y .................................................. 5-7, 188-189, 191
Recoveries by the Corporation on assets purchased or held as collateral.9, 24, 192
Sources of data...................................................................................................
187
Methods of tabulating banking data:
Assets and liabilities of operating banks..........................................................
139
Deposit insurance disbursements.....................................................................
187
Earnings, expenses, profits, and dividends of insured banks.........................
159
Examiners’ evaluation of insured commercial banks......................................
151
Number, offices, and deposits of operating banks................................. ....... 124-125
Mutual savings banks (See also Insurance coverage):
Insured:
Assets and liabilities, December 31, 1948, June 30 and December 31,
1949........................................................................................................ 148-149
Number and deposits, December 31, 1948, June 30 and December 31,
1949........................................ .............................................................. 148-149
Earnings, expenses, profits, and dividends.................................. 52-53, 182-185
Insured and noninsured:
Assets and liabilities, June 30 and December 31, 1949........................... 140-143
Number and deposits, by State, December 31, 1949.................. 51-52, 136-137
Total:
Assets and liabilities, December 31, 1945, 1948, and 1949.......................
50
Number and deposits, by State, December 31, 1949................................
49
U. S. Government obligations held by, distribution by maturity, Decem­
ber 31, 1947-1949....................................................................................
51

National banks. See Class of bank, banking data presented by.
Net earnings of insured commercial banks. See Earnings and expenses of
insured banks.
Net profits of insured commercial banks. See Earnings and expenses of insured
banks.
Net sound capital of insured commercial banks. See Capital of banks.
New banks. See Banking offices, establishment of.
Noninsured banks. See Absorptions, consolidations, and mergers; Admission
to insurance; Assets and liabilities of operating banks; Capital of
banks; Class of bank, banking data presented by; Deposits; Number
of operating banks and branches.
Number of operating banks and branches:
A banks and branches *
.11
By class of bank, FDIC district and State, December 31,1949.128-137,144-145
By type and insurance status, December 31, 1949........................... .
27
June 30, 1949................................................................................................
141
Branches, by class of bank and State, December 31, 1949.................. ....... 128-135
Changes by type of change and class of bank during 1949................... 29, 126-127
Insured banks:
Admissions to insurance.......................................................................14, 126-127
Branches, approval of, by Corporation............................................. ......... 13-15
December 31, 1948, June 30 and December 31, 1949..................... ......... 27, 149
Grouped by amount of deposits, special call dates, 1934-1949.............
62
Termination of insurance........................................................................ 7, 13, 126



INDEX

205
Page

Number of operating banks and branches:—Continued
Insured commercial banks:
By FDIC district and State, December 31, 1949....................................136-137
By ratio of total capital accounts to total assets, December 31, 1949. ..
37
Examined in 1941-1949................................................................................
153
Examined in 1949, by amount of deposits.................................................
155
Examined in 1949, by FDIC district and State...................................... 156-157
Operating throughout 1949, by amount of deposits............................... 169, 171
Using reserve method of accounting for bad debt losses on loans, by
class of bank, December 31, 1948-1949................................................
43
Mutual savings banks. See Mutual savings banks.
Noninsured banks:
By class of bank, FDIC district, and State, December 31, 1949.......... 136-137
Failures during 1949.....................................................................................
187
Unit banks, by class of bank and State, December 31, 1949....................... 128-135
Officers, of insured banks. See Employees.
Officers and employees of the Federal Deposit Insurance Corporation.......... 16-17
Operating banks. See Number of operating banks and branches.
Payments to depositors in closed insured banks. See Receivership, insured
banks placed in.
Population of center, data on insurance coverage distributed according to size
of center.................................................. 65-66, 76, 82, 92, 101, 103, 106, 109
Possessions, banks and branches located in:
Assets and liabilities, December 31, 1949...................................................... 144-145
Deposits of, December 31, 1949......................................................................136-137
Earnings, expenses, profits, and dividends, 1949.......................................... 172-173
Number of, December 31, 1949........................................................................
135
Postal savings deposits. See Deposits, classified by type of deposit.
Preferred deposits. See Deposits, secured and preferred.
Profits. See Earnings and expenses of insured banks.
Protection of depositors. See Banks in financial difficulties; Deposits, insured
and otherwise protected; Insurance coverage; Mergers of insured
banks with financial aid of the Corporation.
Public funds. See Deposits, classified by type of deposit.
Publications of the Corporation.............................................................................

15

Purchase of bank assets by Corporation. See Assets purchased by the Federal
Deposit Insurance Corporation.
Real estate, loans on. See Loans by banks.
Receivership, insured banks placed in {See also Banks in financial difficulties):
Activities of the Corporation as receiver o f..................................................... 7, 24
Assets and liabilities of, at dates of suspension, cumulative, 1934-1949....
190
Depositors’ losses................................................................................................
6-8
Deposits:
Amounts, 1934-1949.................................................................................. 7, 8, 188
Insured, paid and unpaid by December 31, 1949......................................
8
Secured, preferred, and subject to offset....................................................
8
Disbursements by the Corporation..............................5, 6, 7-10, 188-189, 191, 192
Losses by the Corporation on disbursements.......................................... 6, 7-10, 192
Number of banks...................................................................6, 7, 9-10, 188-189, 192
Payments to depositors.....................................................................................
6-8
Recoveries by the Corporation on disbursements.......................................9-10, 192
Sources of data...................................................................................................
187



206

FEDERAL DEPOSIT INSURANCE CORPORATION

Reconstruction Finance Corporation, capital of insured banks held by:
Amount outstanding........................................ ..................................................
Decreases in RFC and other preferred capital................................................

Page

38
11

Recoveries:
By banks on assets charged off. See Earnings and expenses of insured banks.
By the Corporation on disbursements.............................................9-10, 18, 20, 192
Regulations and rulings issued by Federal Deposit Insurance Corporation. . . .

17

Reports from banks.................................................................................................

15-16

Reserves:
For bad debt losses on loans, ruling of Commissioner of Internal Revenue
..................... . .. . . . ............................................................. ........ 43, 139, 159
In bank assets and liabilities. See Assets and liabilities of operating banks.
Of Federal Deposit Insurance Corporation, for losses....................................
20
Surplus (deposit insurance reserve) of the Corporation....................... 17-21, 23-24
Salaries and wages:
Federal Deposit Insurance Corporation...........................................................
Insured banks. See Earnings and expenses of insured banks.

18

Savings and time deposits. See Deposits, classified by type of deposit.
Secured and preferred deposits. See Deposits, secured and preferred; Receiver­
ship, insured banks placed in.
Securities {See also Assets and liabilities of operating banks):
Charge-offs on securities held by insured commercial banks......................... 43-45
Held by Federal Deposit Insurance Corporation..................................18-20, 23-24
Held by insured banks placed in receivership or merged with financial
aid of the Corporation, 1934-1949.........................................................
190
Held by insured commercial banks. See Assets and liabilities of insured
commercial banks, examiners’ appraisal.
Held by operating banks. See Assets and liabilities of operating banks.
Interest on securities held by banks. See Earnings and expenses of insured
banks.
Profits on securities sold by insured banks. See Earnings and expenses of
insured banks.
United States Government obligations, held by:
Federal Deposit Insurance Corporation...........................................18-20, 23-24
Insured banks placed in receivership or merged with financial aid of
the Corporation......................................................................................
190
Insured commercial banks, amounts and percentage distribution by
maturities, December 31, 1941-1949................ ................................. .. 35-36
Mutual savings banks, amounts and percentage distribution by maturi­
ties, December 31, 1941-1949................................................................
51
Size of accounts. See Insurance coverage.
Size of banks, banks classified by. See Deposits, amount of, banks grouped by.
Sources of data.................................................................................. 15, 16, 139, 151, 159
State and local government obligations. See Assets and liabilities of operating
banks.
State bank supervisory authorities:
Data obtained from........................................................................................... 16,139
State legislation regarding.................................................................................
117
State, banking data classified by:
Accounts and deposits in insured banks, September 30, 1949.....................
....................................... 80-81, 84-87, 90-91, 94-97, 100, 102, 104-105, 108
Assets and liabilities of operating banks, December 31, 1949......................144-145
Capital, ratio to assets, insured commercial banks, December 31, 1949. .. 47-48
Deposits, December 31, 1949:
Commercial banks, insured and noninsured............................................ 136-137
Mutual savings banks, December 31, 1949................................................ 49, 52
Mutual savings banks, insured and noninsured...................................... 136-137



INDEX

207
Page

State, banking data classified by:—Continued
Deposits, percentage change in business and personal deposits of all banks,
December 31, 1945-1949........................................................................
32
Disbursements by the Corporation, cumulative, 1934-1949.........................188-189
Dividends as a proportion of total capital accounts, 1949.............................
47
Earnings and expenses of insured commercial banks, 1949 ....................... 172-183
Expansion of total loans in all banks, 1945-1949............................................
33
Insured commercial banks examined in 1949................................................ 156-157
Net additions to capital as a proportion of net profits, 1949......................... 46-48
Net earnings and net profits of insured commercial banks, rates of, 1949. . 172-181
Net profits after taxes as a proportion of total capital accounts, 1949. .. . 46-48
Number and deposits of mutual savings banks, December 31, 1949............
49
Number of operating banks or offices, December 31, 1949:
All banking offices, by class of bank and type of office......................... 128-135
Commercial banks, insured and noninsured............................................ 128-137
Mutual savings banks, insured and noninsured.......................... 51-52, 128-137
Proportion of banks insured, December 31, 1949.............................28, 52, 128-135
State banking legislation enacted in 1949............................................................117-122
State banks members of the Federal Reserve System. See Class of bank, banking
data presented by.
State banks not members of the Federal Reserve System. See Class of bank,
banking data presented by.
Stockholders of banks, net profits available for. See Earnings and expenses
of insured commercial banks.
Substandard assets of insured commercial banks. (See also Assets and liabilities
of insured commercial banks, examiners’ appraisal):
By type and percentage of total assets, 1939-1949.........................................
39
Changes in recent years....................... .............................................................
38
Fixed and miscellaneous........................................................................... 39, 152, 154
Loans.......................................................................................................... 39, 152, 154
Ratios to capital accounts:
By State, 1949............................................................................................156, 157
Change, 1939-1949........................................................................................
39
Relative to total assets............................................................................. 39, 153, 155
Securities.................................................................................................... 39, 152, 154
Supervision. See Bank supervision.
Suspensions. See Banks and branches ceasing operations; Receivership, insured
banks placed in.
Taxes paid by insured banks. See Earnings and expenses of insured banks.
Terminations of insurance for unsafe and unsound practices..............................

13

Time and savings deposits. See Deposits, classified by type of deposit.
Trust companies:
Classification o f ................................................................................................ 124-125
Noninsured, not engaged in deposit banking................................................ 126-143
Type of bank, banking data distributed by:
Assets and liabilities.........................................................................140-143, 146-149
Number of banks and total deposits, by FDIC district and State, December
31, 1949..................................................................................................136-137
Unit banks. See Number of operating banks and branches.
United States Government obligations. See Assets and liabilities of insured
commercial banks, examiners’ appraisal; Assets and liabilities of
operating banks; Securities.
United States Treasury Department, Commissioner of Internal Revenue,
Ruling on reserves for bad debt losses on loans..........................43, 139, 159



208

FEDERAL DEPOSIT INSURANCE CORPORATION
Page

Unsafe and unsound banking practices:
Actions of the Corporation................................................................................ 12-13
Number of banks cited...................................................................................... 12-13
Type of practice or violation.............................................................................
12
Unsecured deposits. See Receivership, insured banks placed in.
Valuation reserves. (See also Earnings and expenses of insured commercial
banks)............................................................................. 43, 139, 142, 147, 159
Violations of law or regulations, banks charged with. See Unsafe and unsound
banking practices.





Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102