View PDF

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

ANNUAL REPORT
OF THE

FEDERAL DEPOSIT INSURANCE CORPORATION




FOR THE YEAR ENDED
DECEMBER 31, 1951




L E T T E R OF T R A N S M IT T A L

.,

,

F e d e r a l D e p o sit In su r a n c e C o r p o r a tio n

Washington, D. C June 20 1952

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 h e P r e s id e n t
T he Speaker

of

of




the

the

H

Senate
o u se

of

R 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 i o n a l P r e s s B u ild in g — W a s h in g to n 25, D . C.

BOARD OF DIRECTORS
Chairman.............................................................................................M a p le T . H a r l
( H . E a r l C o ok

Directors............................................................................................ <
( P resto n D e l a n o

OFFICIALS—JUNE 20, 1952
Secretary.............................................................................................. E. F. Downey
Assistant to Chairman..................................................................... Lyle L. Robertson
Assistant to Director.........................................................................John N . Dinsmore
Associate General Counsel.............................................................. Norris C. Bakke
Chief, Division of Examination....................................................Vance L. Sailor
Chief, Division of Research and Statistics..................................Edison H. Cramer
Chief, Service Division.....................................................................Henry T. Ivey
Director of Personnel....................................................................... Floyd E. Tift
Chief, Division of Liquidation...................................................... Edward C. Tefft
Treasurer............................................................................................. Russell D . Miller
Chief, Audit Division.......................................................................Mark A. Heck
Budget Officer..................................................................................... Dana G. Messer




V

D IS T R IC T O F F IC E S
D is t . S u p e r v is in g
Ex a m in e r

No.

A ddress

S t a t e s i n d is t r ic t

1. Lundie W . Barlow

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

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

2. Neil G. Greensides

Room 1900, 14 Wall Street,
New York 5, N . Y .

New York, New Jersey,
Delaware, Puerto Rico,
Virgin Islands

3. Gilbert" E. Mounts
(Asst. Supervising
Examiner)

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

Ohio, Pennsylvania

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.

Illinois, Iowa

9. Charles F. Alden

1200 Minnesota Building,
St. Paul 1, Minn.

Minnesota, North Dakota,
South Dakota, Montana

10. Hugh Williams
(Asst. Supervising
Examiner)

901 Federal Reserve Bank
Building, Kansas City 6,
Missouri

Nebraska, Kansas,
Oklahoma, Colorado,
Wyoming

11. Linton J. Davis

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

Louisiana, Texas,
New Mexico, Arizona

12. William P. Funsten

Suite 1120, 315 Mont­
gomery Street, San
Francisco 4, Calif.

Idaho, Utah, Nevada,
Washington, Oregon, Cali­
fornia, Alaska, Hawaii




F E D E R A L DE 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

DISTRICTS

V^ v t * 0 $tot4

t\‘

,
C O ^*

DISTRICT 2 INCLUDES PUERTO RICO & VIRGIN ISLANDS
DISTRICT 4 INCLUDES DISTRICT OF COLUMBIA
DISTRICT 12 INCLUDES HAWAII & ALASKA







CONTENTS
Summary.....................................................................................................................................

Page
xvii

P A R T ONE
O PERATIO N S OF TH E C O R PO R ATIO N
Insured deposits and the deposit insurance fund..........................................................
Participation in deposit insurance.....................................................................................
Action to protect depositors in failing banks.................................................................
Supervisory activities.............................................................................................................
Legal developments.................................................................................................................
Personnel and financial statements of the Corporation..............................................

3
6
8
14
19
19

PART TW O
B A N K IN G DEVELOPM ENTS
Assets and liabilities of all banks.......................................................................................
Assets and liabilities of insured commercial banks......................................................
Income of insured commercial banks................................................................................
Mutual savings banks.............................................................................................................
Insured mutual savings banks.............................................................................................

31
34
40
50
54

P A R T THREE
D EPO SIT ACCO U N TS AN D INSURANCE CO VERAG E
Special calls for deposit information..................................................................................
Accounts and deposits, all insured banks, September 19, 1951.............................
Impact of increase in insurance coverage........................................................................
Changing distributions of insured banks and their accounts and deposits,
1934 to 1951...........................................................................................................................
Detailed tables..........................................................................................................................
Instructions and form .............................................................................................................

59
60
67
73
78
113

P A R T FO UR
LE G ISL A TIO N
State banking legislation.......................................................................................................

119

P A R T FIVE
S T A T IST IC S O F B A N K S AN D D EPO SIT IN SU RAN CE
Number, offices, and deposits of operating banks........................................................
Assets and liabilities of operating banks..........................................................................
Examiners’ evaluation of insured commercial banks...................................................
Earnings, expenses, and dividends of insured banks...................................................
Deposit insurance disbursements.......................................................................................




ix

126
140
152
160
186

LIST OF CHARTS
Page
Organization chart of the Federal Deposit Insurance Corporation........................

iv

Federal Deposit Insurance Corporation districts (m ap)............................................

vii

A.

Total and insured deposits, all insured banks, mid-year and year end,
1934-1951.......................................................................................................................

3

B.

Ratios of deposit insurance fund to total and insured deposits, all insured
banks, mid-year and year end, 1934-1951..........................................................

4

C.

Percentage of banks of deposit in each State which were insured, D e­
cember 31, 1951 (map)..................................................... ........................................

8

D.

Percentage of deposits in each State which were in insured banks, Decem­
ber 31, 1951 (m ap).....................................................................................................

E.

Distribution of assets of all banks, December 31, 1945 and 1951..................

32

F.

Percentage increase during 1951 in business and personal deposits, all banks
(m a p ).............................................................................................................................

33

G.

Insured or guaranteed residential real estate loans, December 31, 1951,
and increase in residential real estate loans, 1945 to 1951, insured
commercial banks..................................................................... .................................

37

H.

Ratio of total capital accounts to total assets, insured commercial banks,
December 31, 1951 (m ap)........................................................................................

39

I.

Banks grouped by ratio of total capital accounts to total assets, insured
commercial banks, December 31, 1951...............................................................

40

9

J.

Operating experience of insured commercial banks, 1950-1951.......................

41

K.

Sources and disposition of total income, insured commercial banks, 1951..

42

L.

Proportions of total current operating earnings derived from loans, U. S.
Government obligations, and other sources, insured commercial banks,
1945-1951.......................................................................................................................

44

M . Proportions of profits after taxes retained in capital accounts, 1951, insured
commercial banks grouped by size.......................................................................

49

N.

Rate of net profit after taxes on total capital accounts, insured commercial
banks, 1951 (map)......................................................................................................

49

Percentage of total bank deposits held by mutual savings banks in States
having mutual savings banks, December 31, 1951........ .................................

52

P.

Sources and disposition of total income, insured mutual savings banks, 1951

56

Q.

Proportion of accounts fully protected and deposits insured, all insured
banks, by size of bank, September 19, 1951.................... .......................... ..

62

Proportion of deposits insured and of accounts fully protected, all insured
banks grouped by percentage of deposits insured, September 19, 19 51 ..

64

Percentage distributions of insured deposits, September 19, 1951, by size
of bank, population of center, class of bank, and type of account. . . .

66

Total and insured deposits, special call dates, 1934-1951, and insured
amounts with coverage at $5,000 and at $10,000...........................................

69

Accounts fully protected and deposits insured with maximum coverage
for each depositor of $5,000, $10,000, $25,000, and all deposits, all in­
sured banks, September 19, 1951..........................................................................

71

Total number of accounts, accounts per 100 population, and average size
of account, all insured banks, special call dates, 1936-1951........... ........

74

O.

R.
S.
T.
U.

V.




X

LIST OF TABLES
P A R T ONE
O PERATION S OF TH E CO RPO R ATIO N S
Page
I n su red deposits a n d th e d epo sit in su r an c e f u n d :

1. Insured deposits and the deposit insurance fund, 1934-1951...........................

5

P ar t ic ip a t io n in deposit in s u r a n c e :

2. Number and deposits of operating banks in the United States and pos­
sessions, December 30, 1951....................................................................................

7

A c tion to protect d epositors in f a il in g b a n k s :

3. Losses to depositors and to the Federal Deposit Insurance Corporation in
insured banks in financial difficulties, by years, 1934-1951..........................

10

4. Number of depositors, amount of deposits, recoveries, and losses in insured
banks placed in receivership or absorbed with the financial aid of the
Corporation, 1934-1951.............................................................................................

11

5. Payment of deposits by the Corporation and by receivers in 245 insured
banks placed in receivership...................................................................................

12

6. Disbursements to protect depositors, recoveries, and losses by the Cor­
poration from insured banks placed in receivership or absorbed with
its financial aid, 1934-1951......................................................................................

13

7. Estimated losses to the Corporation compared with disbursements, by
year of estimate, 1944-1951.....................................................................................

14

S u p er v is o r y a c t iv it ie s :

8. Actions to terminate insured status of banks charged with engaging in
unsafe or unsound practices or violations of law or regulations, 1936-1951

17

P er so n n e l a n d f in a n c ia l st a t e m e n t s of th e c o rpo r at ion :

9. Number of officers and employees, Federal Deposit Insurance Corporation,
December 31, 1941, and December 31, 1951.....................................................

20

10. Assets, liabilities, and insurance fund of the Federal Deposit Insurance
Corporation, December 31, 1951, and December 31, 1950..........................

20

11. Assets acquired by the Federal Deposit Insurance Corporation through
bank suspensions and absorptions from beginning of operations to
December 31, 1951.....................................................................................................

21

12. Assets and liabilities of the Federal Deposit Insurance Corporation,
1934-1951.......................................................................................................................

22

13. Statement of operations of the Federal Deposit Insurance Corporation
for the year ended December 31, 1951................................................................

23

14. Determination and distribution of net assessment income, Federal Deposit
Insurance Corporation, December 31, 1951......................................................

23

15. Operating expenses of the Federal Deposit Insurance Corporation, year
ended December 31, 1951........................................................................................

24

16. Income and expenses of the Federal Deposit Insurance Corporation from
beginning of operations September 11, 1933, to December 31, 1951,
adjusted as of December 31, 1951............................................................ ..

25

17. Financial statements of the Federal Deposit Insurance Corporation—
from Auditors’ Report for the year ended June 30, 1951............................

27




xi

xii

FEDERAL DEPOSIT INSURANCE CORPORATION

PART TW O
B A N K IN G DEVELO PM ENTS
Page
A ssets a n d l ia b il it ie s of a l l b a n k s :

18. Assets and liabilities, all banks, United States and possessions, 1945-1951..

31

19. Principal types of loans, all banks, United States and possessions, 1945-1951

32

20. Types of deposits, all banks, United States and possessions, 1945-1950

33

A ssets a n d l ia b il it ie s of in su r e d co m m ercial b a n k s :

21. Assets and liabilities, insured commercial banks, United States and pos­
sessions, 1945-1951.....................................................................................................

34

22. Substandard assets, insured commercial banks, 1945-1951.................................

35

23. Maturities of United States Government obligations held by insured
commercial banks, 1945-1951.................................................................................

36

24. Capital accounts, insured commercial banks, United States and posses­
sions, 1934-1951.................................................................................................. .........

38

I n com e of in su r ed co m m ercial b a n k s :

25. Percentage distribution of sources and disposition of total income, insured
commercial banks, 1945-1951........................................................................ ........

42

26. Earnings, expenses, and profits, insured commercial banks, 1934-1951. .

43

27. Selected operating ratios, insured commercial banks, 1945-1951....................

45

28. Number and average salary of employees, insured commercial banks, 1951,
banks grouped by amount of deposits........................................................ ........

46

29. Insured commercial banks, United States and possessions, using reserve
method of accounting for bad-debt losses on loans in accordance with
ruling of Commissioner of Internal Revenue, 1948-1951.............................

48

M u t u a l sa v in g s b a n k s :

30. Assets and liabilities of mutual savings banks, United States, 1945-1951..

53

31. Number and deposits of insured and noninsured mutual savings banks,
by State, December 31, 1951..................................................................................

54

32. Sources and disposition of total income, insured mutual savings banks, 1951

55

P A R T TH REE
D EPO SIT AC C O U N TS AN D IN SU RAN CE COVERAG E
A c c o u n ts an d d ep osits, a l l in su r e d ba n ks, Septem ber 19, 1951:

33. Number of accounts and amount of deposits in insured banks, September
19, 1951
All insured banks grouped by amount of deposits, population of center,
class, and proportion of deposits insured; and accounts grouped by type

61

34. Ratios indicating the scope of deposit insurance, September 19, 1951
All insured banks grouped by amount of deposits, population of center,
class, and proportion of deposits insured; and accounts grouped by type

63

35. Ratios indicating distribution of contingent liability and concentration of
risk to the Federal Deposit Insurance Corporation, September 19, 1951
All insured banks grouped by amount of deposits, population of center,
class, and proportion of deposits insured; and accounts grouped by type

65




LIST OF TABLES

I m pact of in c r e a s e in in su r a n c e c o v e r a g e :

36. Fully protected accounts and insured deposits under insurance coverage
of $5,000 and $10,000 respectively, all insured banks, special call dates,
1938 to 1951..................................................................................................................
37. Change in accounts fully protected and deposits insured by raising the
coverage to $25,000 or to all deposits, compared with change in coverage
from $5,000 to $10,000
Data for September 19, 1951: all insured banks grouped by amount of
deposits, population of center, and class; and accounts grouped by type
38. Deposits insured with coverages for each depositor of $10,000, $25,000, and
all deposits, September 19, 1951
All insured banks grouped by amount of deposits, population of center,
and class; and accounts grouped by type......................................................
C h a n gin g d is tr ib u tio n s op in su red banks and t h e i r a c c o u n ts and de­
posits, 1934 t o 1951:

39. Number and percentage distribution of insured banks, special call dates,
1934 to 1951
All insured banks grouped by amount of deposits and class........................
40. Number of accounts, amount of deposits, accounts per 100 population,
and average size of account, all insured banks, special call dates, 1936
to 1951
B y type of account.................................................................................................
41. Insured commercial banks, special call dates, 1936 to 1951
Banks grouped by percentage of deposits insured...........................................
D e ta ile d t a b l e s : d istr ib u tio n of accounts a n d d eposits , a l l in su r ed
banks:

42. Accounts fully and partially protected and deposits insured, September
19, 1951
Banks grouped by Federal Deposit Insurance Corporation district and
State........................................................................................................................
43. Accounts fully and partially protected and deposits insured, all insured
banks, September 19, 1951
Banks grouped by amount of deposits, population of center in which located,
class, and percent of deposits insured; and accounts grouped by type. .
D e t a il e d t a b l e s : d istr ibu tio n of accounts of in su r ed com m ercial b a n k s
ACCORDING TO SIZE OF ACCOUNT:

44. Distribution of accounts according to size, insured commercial banks,
September 19, 1951
Banks grouped by Federal Deposit Insurance Corporation district and
State........................................................................................................................
45. Distribution of accounts according to size, insured commercial banks,
September 19, 1951
Banks grouped by amount of deposits, population of center in which
located, class, and percent of deposits insured; and accounts grouped
by type....................................................................................................................
46. Distribution of demand accounts of individuals, partnerships, and cor­
porations, according to size of account, insured commercial banks, Sep­
tember 19, 1951
Banks grouped by Federal Deposit Insurance Corporation district
and State................................................................................................................
47. Distribution of savings and time accounts of individuals, partnerships,
and corporations, according to size of account, insured commercial
banks, September 19, 1951
Banks grouped by Federal Deposit Insurance Corporation district
and State...............................................................................................................




xiv

FEDERAL DEPOSIT INSURANCE CORPORATION

D e t a il e d t a b l e s : d is t r ib u t io n s o f a c c o u n t s o f in 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

:— Continued

48. Distribution of demand accounts of individuals, partnerships, and cor­
porations, according to size of account, insured commercial banks,
September 19, 1951
Banks grouped by amount of deposits...........................................................
49. Distribution of savings and time accounts of individuals, partnerships, and
corporations, according to size of account, insured commercial banks,
September 19, 1951
Banks grouped by amount of deposits...............................................................

D e t a il e d t a b l e s : d is t r i b u t io n o f d e p o s it s in in s u r e d c o m m e r c ia l b a n k s
ACCORDING TO SIZE OF ACCOUNT:

50. Distribution of deposits according to size of account, insured commercial
banks, September 19, 1951
Banks grouped by Federal Deposit Insurance Corporation district
and State...............................................................................................................
51. Distribution of deposits according to size of account, insured commercial
banks, September 19, 1951
Banks grouped by amount of deposits, population of center in which
located, class, and percent of deposits insured; and accounts grouped
by type....................................................................................................................
52. Distribution of demand deposits of individuals, partnerships, and cor­
porations, according to size of account, insured commercial banks,
September 19, 1951
Banks grouped by Federal Deposit Insurance Corporation district
and State...............................................................................................................
53. Distribution of savings and time deposits of individuals, partnerships,
and corporations, according to size of account, insured commercial
banks, September 19, 1951
Banks grouped by Federal Deposit Insurance Corporation district
and State...............................................................................................................
54. Distribution of demand deposits of individuals, partnerships, and cor­
porations, according to size of account, insured commercial banks,
September 19, 1951
Banks grouped by amount of deposits................................................................
55. Distribution of savings and time deposits of individuals, partnerships, and
corporations, according to size of account, insured commercial banks,
September 19, 1951
Banks grouped by amount of deposits................................................................

D e t a il e d t a b l e s : d is t r i b u t io n o f a c c o u n t s a n d d e p o s it s b y s iz e
ACCOUNT, INSURED MUTUAL SAVINGS BANKS:

of

56. Distribution of accounts according to size, insured mutual savings banks,
September 19, 1951
Banks grouped by Federal Deposit Insurance Corporation district,
State, amount of deposits, population of center, and percent of deposits
insured; and accounts grouped by type..........................................................
57. Distribution of deposits according to size of account, insured mutual
savings banks, September 19, 1951
Banks grouped by Federal Deposit Insurance Corporation district,
State, amount of deposits, population of center, and percent of deposits
insured; and accounts grouped by type..........................................................




LIST OF TABLES

XV

Page
D e t a il e d t a b l e s : 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 in s u r e d w it h
SPECIFIED AMOUNTS OF COVERAGE:

58. Accounts fully protected and deposits insured with specified amounts of
maximum coverage, insured commercial banks, September 19, 1951
Banks grouped by Federal Deposit Insurance Corporation district
and State................................................................................................................

106

59. Accounts fully protected and deposits insured with specified amounts of
maximum coverage, insured commercial banks, September 19, 1951
Banks grouped by amount of deposits, population of center in which
located, class, and percent of deposits insured; and accounts grouped
by type....................................................................................................................

108

60. Accounts fully protected and deposits insured with specified amounts of
maximum coverage, insured mutual savings banks, September 19, 1951
Banks grouped by Federal Deposit Insurance Corporation district,
State, amount of deposits, population of center in which located, and
percent of deposits insured; and accounts grouped by type....................

110

61. Distribution of insured banks grouped by percentage of deposits insured
under specified amounts of maximum coverage, September 19, 1 9 5 1 ...

112

P A R T FIVE
S T A T IST IC S O F B A N K S AN D D EPO SIT IN SU RAN CE
N u m b e r , o ffices , a n d depo sits of o p er atin g b a n k s :

Explanatory note.....................................................................................................................

126

101. Changes in number and classification of operating banks and branches
in the United States and possessions during 1951........................................

128

102. Number of operating banks and branches, December 31, 1951
Grouped according to insurance status and class of bank, and by State
and type of office................................................................................................

130

103. Number and deposits of operating banks, December 31, 1951
Banks grouped according to insurance status and by district and State. .

138

A ssets a n d l ia b il it ie s of o p er a tin g b a n k s :

Explanatory note.....................................................................................................................

140

104. Assets and liabilities of operating banks in the United States and posses­
sions, June 30, 1951
Banks grouped according to insurance status and type of bank...............

142

105. Assets and liabilities of operating banks in the United States and pos­
sessions, December 31, 1951
Banks grouped according to insurance status and type of bank...............

144

106. Assets and liabilities of all operating banks in the United States and
possessions, December 31, 1951
Banks grouped by district and State................................................................

146

107. Assets and liabilities of operating insured banks, December 31, 1951,
June 30, 1951, and December 30, 1950.............................................................

148

E x a m in e r s ’ e v a l u a t io n of in su r ed co m m ercial b a n k s :

Explanatory note.....................................................................................................................

152

108. Examiners’ appraisal of assets, liabilities, and capital of insured com­
mercial banks examined in 1942-1951...............................................................

154

109. Examiners’ appraisal of assets, liabilities, and capital of insured com­
mercial banks examined in 1951
Banks grouped according to amount of deposits...........................................

156




xvi

FEDERAL DEPOSIT INSURANCE CORPORATION

Page
E x a m in ers’ e v a lu a tio n o f in su re d com m ercial b a n k s: — Continued

110. Examiners’ appraisal of assets, liabilities, and capital of insured com­
mercial banks examined in 1951
Banks grouped by Federal Deposit Insurance Corporation district and
State......................................................................................................................

158

E a r n in g s , e x p e n s e s , a n d d iv id en d s of in su r ed b a n k s :

Explanatory note......................................................................................................................

160

111. Earnings, expenses, and dividends of insured commercial banks, 1943-1951

162

112. Ratios of earnings, expenses, and dividends of insured commercial banks,
1943-1951.....................................................................................................................

164

113. Earnings, expenses, and dividends of insured commercial banks, 1951
B y class of bank............................................................................ ........................

166

114. Ratios of earnings, expenses, and dividends of insured commercial banks,
1951
B y class of bank............................................................................ ........................

168

115. Earnings, expenses, and dividends of insured commercial banks operating
throughout 1951
Banks grouped according to amount of deposits...........................................

170

116. Ratios of earnings, expenses, and dividends of insured commercial banks
operating throughout 1951
Banks grouped according to amount of deposits...........................................

172

117. Earnings, expenses, and dividends of insured commercial banks, by
State, 1951..................................................................................................................

174

118. Income, expenses, and dividends of insured mutual savings banks,
1951...............................................................................................................................

184

119. Ratios of income, expenses, and dividends of insured mutual savings
banks, 1951...................................................................................... ..........................

185

D eposit in su r an c e d is b u r s e m e n t s :

Explanatory note......................................................................................................................

186

120. Disbursements, deposits, and depositors in insured banks financially
aided by the Federal Deposit Insurance Corporation, 1934-1951
Banks grouped by class of bank, year of aidf amount of deposits, and
State......................................................................................................................

188

121. Assets and liabilities of insured banks placed in receivership and of insured
banks absorbed with the financial aid of the Federal Deposit Insurance
Corporation, 1934-1951
^4s shown by books of bank at date of closing................................................

190

122. Name, location, Federal Deposit Insurance Corporation disbursement,
and assets and liabilities of insured banks absorbed with the financial
aid of the Corporation during 1951...................................................................

191

123. Recoveries and losses by the Federal Deposit Insurance Corporation
in connection with insured banks financially aided by the Corporation,
1934-1951
A s shown by books of F D IC , December SI, 1951........................................

192







SUMMARY




Su m m ary

Deposits insured by the Federal Deposit Insurance Corporation at
the close of 1951 amounted to nearly $97 billion; in 1934 the amount
of insured deposits was approximately $17 billion. The surplus of the
Corporation, which is the deposit insurance fund, amounted to $1.3
billion at the end of 1951. This is 1.3 percent of the insured deposits and
about 0.7 percent of all deposits in insured banks. (Pp. 3-5.)
During 1951 the Federal Deposit Insurance Corporation disbursed
$2 million to protect depositors in two insured banks in financial diffi­
culty. The difficulty of one of these banks was attributed to a defalca­
tion, and of the other to a kiting operation. Since deposit insurance
became effective on January 1, 1934, disbursements have been made
by the Corporation to protect the depositors of 417 insured banks.
(Pp. 8-14.)
Bank assets and deposits showed a growth of 6 percent in 1951. At
the end of 1951 loans and United States Government obligations each
comprised about one-third of total bank assets. (P. 31.)
The capital accounts of insured banks have increased each year, but
have not kept pace with their total assets. The ratio of the capital ac­
counts of insured commercial banks to assets declined from over 13
percent in 1934 to less than 7 percent in 1951. (P. 38.)
Net profits of insured commercial banks, after taxes, were larger in
1951 than in any other year except 1950. The average rate of net profit
on total capital accounts, after taxes, was nearly 8 percent. (Pp. 47-48.)
On September 19, 1951, insured banks held 112 million deposit ac­
counts, of which 98.5 percent had balances of $10,000 or less. The amount
of deposits insured under the $10,000 limitation per depositor was
estimated at 54 percent of total deposits. It was estimated that the
increase in coverage in 1950 to $10,000 for each depositor had given
full protection to three million accounts which were only partially
protected under the $5,000 limitation, and had added $14 billion to
the amount of insured deposits. It was also estimated that expansion
of insurance coverage to $25,000 per depositor would add $14 billion
to the amount of deposits insured by the Corporation; and that extension
of coverage to all deposits would increase the amount of insured deposits
by an additional $64 billion. (Pp. 60, 70-71.)







PART ONE
OPERATIONS OF THE CORPORATION







I n s u r e d D e p o s it s a n d t h e D e p o s it I n s u r a n c e F u n d

Deposits insured by the Federal Deposit Insurance Corporation at
the close of 1951 were estimated at $96,713 million, or 54 percent of total
deposits in all insured banks. The amount of insured deposits was the
largest since the inception of Federal deposit insurance in 1934, re­
flecting both the growth in total deposits since that date and the 1950
increase in maximum coverage for each depositor. Chart A illustrates
changes in total and insured deposits between 1934 and 1951.
Chart A .

T o t a l and In su re d D e p o sits, A l l In su re d B a n k s,
M id -Y e a r and Y e a r E nd, 1934-1951

In 1934, when deposit insurance coverage was fixed at $5,000 for each
depositor, the amount of insured deposits was approximately $17 billion.1
From that time until the middle of 1942 insured deposits increased steadily
at an average rate of 7 percent per year. During the war and early postwar
years the increase was much more rapid, averaging 23 percent per year
from the middle of 1942 to the end of 1946. By the latter date the amount
1
Under the temporary insurance plan which went into force on January 1, 1934, the maximum
insurance for each depositor was $2,500. This was changed on July 1, 1934, to $5,000, except for some
of the mutual savings banks, which were permitted to retain the lower maximum. Under the permanent
insurance plan which became effective August 23, 1935, the insurance maximum for each depositor
became $5,000 in all insured banks.




3

4

FEDERAL DEPOSIT INSURANCE CORPORATION

of insured deposits had increased to nearly $74 billion; and until the
coverage was increased to $10,000 for each depositor in September 1950,
ranged between that figure and $77 billion. At the end of 1950, after the
change in coverage, $91 billion of deposits was insured; and this was
increased by 6 percent in 1951.
Most of the change in the amount of insured deposits, except in 1950
when coverage for each depositor was doubled, has been due to the growth
in total deposits in insured banks. However, some changes have occurred
in the proportion of total deposits in various types of account, and this
has altered the percentage of total deposits that are insured. During the
first few years of deposit insurance, approximately 45 percent of deposits
in insured banks were insured. In 1939 the percentage of deposits insured
began to decline, reaching a low figure of 36 percent in 1942; but in­
creased during the next few years, reaching 50 percent at the end of 1946
and remaining close to this figure until coverage was changed in September,
1950. Since that date the proportion of total deposits in the insured
banks protected by insurance has been approximately 54 percent.
Chart B shows the ratios of the deposit insurance fund of the Cor­
poration to insured deposits and to total deposits for each mid-year and
year-end date from 1934 to 1951.

C h art B.

R a t io s o f D e p o s it In s u ra n c e Fund t o T o t a l and In su re d D e p o s its ,
A l l In s u re d B a n k s, M id -Y e a r and Y e a r E nd, 1934-1951




5

INSURED DEPOSITS AND THE DEPOSIT INSURANCE FUND

The deposit insurance fund has increased from $289 million initial
capital at the beginning of deposit insurance to $1,282 million at the
close of 1951. However, the growth in the deposit insurance fund has not
kept pace with either the growth of insured deposits or of total deposits.
In the middle of 1934 the ratio of the deposit insurance fund to insured
deposits was 1.90 percent; at the close of 1951 it was 1.33 percent. The
ratio of the fund to total deposits was 0.87 percent in the middle of 1934,
and 0.72 percent at the close of 1951. Table 1 gives the amounts of insured
and total deposits and of the deposit insurance fund, and the indicated
ratios, for each mid-year and year-end date during the period, 1934-1951.

Table 1.

INSURED DEPOSITS AND THE DEPOSIT INSURANCE FUND, 1934-1951
Deposits in
insured banks
(in millions)

Date
Total

Insured1

Percent
of
deposits
insured

Deposit
insurance
fund
(in
millions)

Ratio of deposit
insurance fund to—
Total
deposits

Insured
deposits

.72%
.76
.74
.82
.77
.76

1.33%
1.39
1.36
1.66
1.57
1.53

1951 Dec.
June
1950 Dec.
June
1949 Dec.
June

31.....................
30......................
31......................
30......................
31......................
30......................

$178,540
164,608
167,818
156,120
156,786
148,657

$96,713
89,753
91,3592
76,891
76,589
74,212

1948 Dec.
June
1947 Dec.
June
1946 Dec.
June

31......................
30......................
31......................
30......................
31......................
30......................

153,454
148,562
154,096
145,597
148,458
151,628

75,320
73,705
76,254
74,097
73,759
70,486

49.1
49.6
49.5
50.9
49.7
46.5

1,065.9
1,007.4
1,006.1
1,133.7
1,058.5
992.7

.69
.68
.65
.78
.71
.65

1.42
1.37
1.32
1.53
1.44
1.41

1945 Dec.
June
1944 Dec.
June
1943 Dec.
June

31......................
30......................
31......................
30......................
31......................
30......................

158,174
143,953
134,662
122,415
111,650
97,321

67,021
60,373
56,398
50,542
48,440
38,437

42.4
41.9
41.9
41.3
43.4
39.5

929.2
868.5
804.3
752.3
703.1
658.8

.59
.60
.60
.61
.63
.68

1.39
1.44
1.43
1.49
1.45
1.71

1942 Dec.
June
1941 Dec.
June
1940 Dec.
June

31......................
30......................
31......................
30......................
31......................
30......................

89,869
73,027
71,209
67,419
65,288
59,853

32,837
28,873
28,249
27,398
26,638
24,708

36.5
39.5
39.7
40.6
40.8
41.3

616.9
583.9
553.5
523.4
496.0
469.6

.69
.80
.78
.78
.76
.78

1.88
2.02
1.96
1.91
1.86
1.90

1939 Dec.
June
1938 Dec.
June
1937 Dec.
June

31......................
30......................
31......................
30......................
31......................
30......................

24,650
24,237
23,121
22,540
22,557
22,544

42.9
45.2
45.5
46.5
46.8
46.2

452.7
424.5
420.5
402.0
383.1
364.1

.79
.79
.83
.83
.79
.75

1.84
1.75
1.82
1.78
1.70
1.62

1936 Dec.
June
1935 Dec.
June
1934 Dec.
June

31......................
30......................
31......................
30......................
31......................
30......................

57,485
53,573
50,791
48,469
48,228
48,832
S-«
a
50,281
47,637
45,125
41,378
40,060
36,873

22,330
21,139
20,158
18,954
18,075
16,831

44.4
44.4
44.7
45.8
45.1
45.6

343.4
323.8
306.0
335.0
291.7
319.0

.68
.68
.68
.81
.73
.87

1.54
1.53
1.52
1.77
1.61
1.90

54.2%
54.5
54.4
49.3
48.8
49.9

$1,282.2
1,243.8
1,243.9
1,277.1
1,203.9
1,134.2

1 Estimates for dates prior to the change in coverage in 1950 are based on $5,000 maximum for
each account; those for subsequent dates on $10,000 maximum. Estimated by applying to the deposits
in the various types of account (demand deposits of individuals, partnerships, and corporations; savings
and time deposits of individuals, partnerships, and corporations; government deposits; interbank de­
posits; and other deposits) at the regular call dates the percentages insured as shown by the reports
for the nearest special call date. For the 1951 special call, see Part Three of this report, particularly
Tables 59 and 60, pages 109 and 111.
2 Based on coverage reported in the 1951 special survey; differs from the estimate given in the
Annual Report of the Corporation for 1950, p. 29.




6

FEDERAL DEPOSIT INSURANCE CORPORATION

The ratio of the deposit insurance fund to total deposits and to in­
sured deposits has been affected by several factors. During the first two
years of deposit insurance, the ratios declined because of the admission
to insurance of banks which had been closed during the banking holiday
of 1933 and had not been rehabilitated by the time deposit insurance went
into effect on the first of January, 1934. During the period, 1936-1946,
with a deposit insurance assessment rate of 1/12 of 1 percent per year, and
with comparatively small losses to the fund on account of bank failures
and with the income of the Corporation from its investments exceeding
its administrative expenses, the deposit insurance fund increased at an
average rate of nearly 12 percent per year. Consequently, the fund
tended to grow more rapidly than insured deposits as long as the increase
in total deposits was less than 12 percent per year, but to lag behind when
the increase in total deposits was more rapid, as in the war years. In 1947
and 1948 the ratio of the fund to insured deposits did not increase, even
though the growth in total deposits was at a low rate, because of pay­
ment to the Treasury of the original capital of the Corporation. After
the capital was repaid, until the revision of the deposit insurance law
in 1950, the fund increased relative to the amount of insured deposits.
Under the 1950 law, the Corporation credits to insured banks threefifths of the assessment income after losses and expenses on account of
bank failures and the operating costs of the Corporation have been
deducted. Under this arrangement, and with payment to the Treasury
in 1950 and 1951 of interest on the original capital of the Corporation
for the period during which it was outstanding, there was little change
in the ratio of the deposit insurance fund to insured deposits or to total
deposits. In the future, the rate of increase in the deposit insurance fund
will be about 6 percent per year, provided that deposit insurance losses
and expenses are similar to those in the past. Under this condition, the
ratio of the fund to deposits will tend to rise when the rate of growth in
deposits is less than 6 percent per year and to fall when the rate of
growth in deposits exceeds 6 percent per year.
P a r t ic ip a t io n

in

D

e p o s it

Insurance

The number of banks participating in Federal deposit insurance con­
tinued to increase in 1951. At the close of the year there were 13,657
insured banks and trust companies, a net increase of 17 over the previous
year.1 These banks constituted more than 93 percent of all banks and
trust companies operating in the United States and possessions.
Of the insured banks, 13,455 were classified as commercial banks and
202 were mutual savings banks. The banks which are classified as com­
mercial banks include a few stock savings banks and some other banks,
1 For changes in the number of insured banks, see Table 101, p. 128.




7

PARTICIPATION IN DEPOSIT INSURANCE

such as the so-called “ industrial banks,” which specialize in certain
types of business, either with respect to their deposits or their assets.
The insured commerical banks were almost 96 percent of all operating
commercial banks and held over 98 percent of total deposits in this type
of bank. Fewer than two-fifths of all mutual savings banks were par­
ticipating in Federal deposit insurance at the close of 1951 but these
banks held more than seven-tenths of all deposits in mutual savings
banks. The number and deposits of all banks grouped by type of bank
and insurance status are given in Table 2.
T a b le 2 .

N u m ber and D e p o s its o f O p e ra tin g B a n k s in t h e U n ite d S t a t e s
and P ossession s, D e ce m b e r 31, 1951
Number or deposits
Item

Insured
banks

Total

Number of banks—total.
Banks of deposit..............................
Commercial...................................
Mutual savings.............................
Trust companies not regularly
engaged in deposit banking........
Deposits (in millions)— total.
Banks of deposit..............................
Commercial...................................
Mutual savings.............................
Trust companies not regularly
engaged in deposit banking!.......

Percentage of total

Noninsured
banks

Insured
banks

Noninsured
banks

14,661

13,657

1,004

14,596
lit,067
529

13,657
18,1*55
202

939
612
827

$186,604

$178,540

$8,064

95.7

4.3

186,526
165,611
20,915

178,540
168,172
15,868

7,986
2,1*39
5,51*7

95.7
98.5
73.5

4.3
1.5
26.5

65

78

93.2%
93.6
95.6
38.2

65

6.8%
6.4
u.u
61.8
100.0

78

100.0

1 Deposits of these companies consist of uninvested trust funds and special accounts.
Detailed data: See Table 103, pp. 138-39.

Participation by State. In ten states and the District of Columbia
all banks regularly engaged in deposit banking were insured. Seven of
the States were in the western part of the country, Arizona, Montana,
Nevada, New Mexico, South Dakota, Utah and Wyoming; three in the
eastern part, Alabama, Vermont and Virginia. Participation in deposit
insurance was nearly complete in many other States. In each of 13 States
there were fewer than five noninsured banks of deposit, while in each of
10 others the number without insurance did not exceed ten. In only 15
States were there more than ten noninsured banks of deposit. The per­
centage of banks of deposit insured in each State is shown in Chart C.
In only seven States was more than 10 percent of all deposits held by
noninsured banks. These States were Connecticut, Delaware, Maine,
Massachusetts, New Hampshire, North Dakota and Rhode Island. In
the New England States and in Delaware the deposits in noninsured
banks are chiefly in mutual savings banks which are not participating
in Federal deposit insurance. Only 14 of the 336 mutual savings banks in



8

FEDERAL DEPOSIT INSURANCE CORPORATION

these States were insured by this Corporation. In the case of North
Dakota the noninsured deposits were held by five commerical banks,
one of which is owned by the State and which accounted for a substantial
portion of the deposits in the noninsured banks. Chart D shows the
percentage of total deposits in each State which are in insured banks.
Chart C.

P e r c e n ta g e o f B a n k s o f D e p o s it in E a ch S t a t e W h ic h
W e r e In su re d , D e ce m b e r 31, 1951

A

c t io n

to

P rotect

D

e p o s it o r s

in

F a il in g

B anks

Disbursements for protection of depositors, 1951. During the
year 1951 the Federal Deposit Insurance Corporation provided financial
aid to protect the insured deposits of two banks which were in financial
difficulty. Each of the banks was absorbed by another insured bank. The
Corporation took over the assets of the failing banks which were un­
sound or otherwise unacceptable to the absorbing bank, and advanced
to each of the banks sufficient cash to equal the difference between its
deposit liabilities and its acceptable assets. Concurrently, the total
deposit liabilities of the failing bank were transferred to and assumed
by the absorbing bank, together with its acceptable assets, including
the cash provided by the Corporation. Near the end of the year notice
was received that a third bank was in financial difficulty, but the Cor­
poration's disbursement in this case was not made until early in 1952.



ACTION TO PROTECT DEPOSITORS
C h art D .

9

P e r c e n ta g e o f D e p o s its in E a c h S ta t e W h ic h W e r e in In su re d
B a n k s, D e ce m b e r 31, 1951

The two banks in which the Corporation made disbursements in 1951
had deposits totaling $3.4 million and the cash provided by the Corpora­
tion amounted to $1.9 million. As a result of the procedure followed in
these cases no depositor suffered any loss, nor was there any break in
continuity of banking service. The Corporation will recover a substantial
part of its disbursement from liquidation of the assets acquired from the
failing banks.
A defalcation of $600,000 caused the difficulty of one of the banks. A
large portion of the funds embezzled was used by the defaulter to buy
controlling stock interest in the bank. The bank had over $3 million
deposits in 4,909 deposit accounts. In the other bank, a kiting operation
by a depositor led to a loss to the bank of approximately $20,000. This
was a small bank, with 367 accounts and deposits of only $150,000.
Disbursements for protection of depositors, 1934-1951. From the
beginning of deposit insurance on January 1, 1934, to the end of 1951 the
Corporation made disbursements to protect depositors in 417 insured
banks. These banks had about 1,360,000 deposit accounts, totaling ap­
proximately $537 million. The Corporation disbursed to these banks or
their depositors $276 million, exclusive of payoff and liquidation expenses
and advances for the protection of collateral. The number of cases in each



10

FEDERAL DEPOSIT INSURANCE CORPORATION

of the 18 years with the number of depositors and their losses, and the
disbursements and estimated losses of the Corporation, are given in
Table 3.
Table 3.

L o ss e s to D e p o s it o r s a n d t o t h e F e d e r a l D e p o s it I n s u r a n c e

C o r p o r a t io n in I n s u r e d B a n k s in F in a n c ia l D if f ic u l t ie s ,
by

Number
of
depositors1

Amount
of
deposits
(in thousands)

Losses
to
depositors2
(in thousands)

Losses
to the
Corporation3
(in thousands)

Disbursements
by the
Corporation4
(in thousands)

417

1,359,406

$536,517

$1,952

$27,024

$275,751

2
4
4
3
5

5,276
6,224
5,660
18,311
10,618

3,408
5,467
4,977
10,455
6,966

285
1,400
377
643
139

1,884
3,986
2,558
3,027
1,777

1946
1945
1944
1943 .
1942 . .

1
1
2
5
20

1,404
12,484
5,488
27,372
60,602

316
5,695
1,915
12,535
19,011

3
24
8

40
124
686

292
1,874
1,519
7,250
11,154

1941
1940
1939 .
1938 .

15
43
60
74

73,046
256,373
392,723
203,970

29,721
142,389
157,777
59,724

40
37
1,002
49

613
4,166
7,216
2,432

23,930
74,447
67,780
30,479

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

75
69
25
9

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

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

147
183
437
22

3,554
2,412
2,730
207

19,163
14,800
8,890
941

Year

Num­
ber
of
banks

Y e a r s , 1934-1951

1934-1951..
1951
1950
1949
1948
1947

1 Number of depositors in receivership cases; number of deposit accounts in absorption cases as
shown on the books of the banks before absorption, excluding accounts subsequently discovered.
2 Includes losses due to failure of depositors to claim insured deposits.
8 Sum of losses in the cases in which the disbursement by the Corporation to protect depositors
was not repaid in full, including estimated loss in 7 cases not fully liquidated at the end of 1951. Excludes
interest in cases in which the disbursement by the Corporation was fully recovered, and gains or losses
on assets purchased by the Corporation from liquidations.
« Principal disbursements only. Does not include expenses and advances for protection of assets.
Detailed data: See Tables 120-123, pp. 188-92.

Of the banks in which the Corporation made disbursements, 245 were
placed in receivership and 172 were absorbed by other insured banks.
No insured bank has been placed in receivership since May 1944. Of the
245 insured banks placed in receivership from 1934 to 1944, all except five
had been fully liquidated by the beginning of 1951. Liquidation of the five
banks was completed during the year. Liquidation of the assets acquired
by the Corporation has been completed in 165 of the 172 absorption
cases. At the end of 1951 liquidation was in progress in the remaining 7
cases. This compares with 15 active cases at the beginning of the year.
Recoveries and losses of depositors. The total number of deposit­
ors in the 245 receivership cases was 382,722. Of these, 377,207 were
fully protected. These include 55,262 depositors with small accounts,
most of them under one dollar, who did not claim their deposits. Only
5,515 depositors were not fully protected because their accounts exceeded
the insurance maximum, or were ineligible for insurance. Of this number,



11

ACTION TO PROTECT DEPOSITORS

2,111, or about 3 2 of 1 percent of all the depositors, had unprotected
^
deposits in excess of the insurance maximum. This figure does not in­
clude depositors with accounts in excess of the insurance maximum
which were fully protected by security or preference. The remaining
3,404 depositors who were not fully protected were owners of deposits
that had been restricted or deferred prior to 1934 or were uninsured
because the bank’s insured status had been terminated for engaging in
unsafe and unsound banking practices and violations of law.1
In the 417 banks, the depositors retained or had restored to them
$535 million, or 99.6 percent of their deposits. In the 245 receivership
cases deposits totaled $110 million, of^which $108 million, or more than
98 percent, was paid. The remaining $2 million included $0.2 million of in­
sured deposits which the depositors failed to claim. In the 172 absorption
cases, deposits amounted to $427 million, all of which was retained by
the depositors. Further details regarding the payment of deposits in these
closed insured banks are given in Tables 4 and 5.
Table 4.

N u m b er o f D e p o s ito r s , A m ou n t o f D e p o sits, R e c o v e r ie s , and

L o sse s in In su re d B a n k s P la c e d in R e c e iv e rsh ip o r A b so r b e d w ith
th e F in a n c ia l A id o f t h e C o rp o r a tio n , 1934-1951

Item

Banks placed
in
receivership

Total

Banks absorbed
with financial
aid of the
Corporation

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

417

245

172

Number of depositors or accounts.........................

1,359,406

382,722

976.684

1,353,891
2,111

377,207
2,111

976.684

Fully protected1..........................................................
With deposits in excess of insurance maximum___
With deposits restricted or deferred prior to 1934
or otherwise ineligible for insurance protection...

3,404

3,404

$536,517

$109,590

$426,927

534,565
107,638
Deposits paid3.............................................................
1,952
1,952
Deposits unpaid3........................................................

426,927

Amount of deposits (in thousands)..........................

1 Includes 55,262 depositors who failed to claim their insured deposits.
2 Includes payments by receivers into a trust for depositors who failed to file claim, or as escheat,
in accordance with State laws.
* Includes insured deposits not claimed by depositors and not included in the items mentioned in
note 2. See Table 5.
Detailed data: See Tables 120-123, pp. 188-92.

In the absorption cases there were about 977,000 deposit accounts and
none of the depositors experienced any loss, as all deposit liabilities were
assumed by the absorbing banks.
i
The deposit insurance law provided that deposits restricted or deferred prior to the beginning of
deposit insurance, and not subsequently released to the depositors, were not eligible for insurance; and
that when a bank’s insured status is terminated by the Corporation because of the continuance of unsafe
and unsound practices or violations of law, insured deposits on the date of such termination, less all
subsequent withdrawals, continue to be insured for two years. Several insured banks placed in receiver­
ship had restricted or deferred deposits that never became insured; in one of the cases, the bank was
placed in receivership four months subsequent to termination of its insured status, and deposits received
by the bank during that interval were not insured.




12

FEDERAL DEPOSIT INSURANCE CORPORATION
T a b le

5.

Paym ent
in

245

of

D e p o s it s b y

Insured

the

C o r p o r a t io n

B a n k s P laced

in

and

by

R e c e iv e r s

R e c e iv e r s h ip

(In thousands)

Deposits paid
Status of deposits

Total
By
FDIC

Deposits— t o ta l....................................................
Insured deposits1.................................................
Deposits paid as secured, preferred, or offset..
Deposits in excess of insurance maximum not
otherwise protected........................................
Other uninsured deposits2..................................

By
receiver

Deposits
unpaid

$109,590

$87,044

$20,594

$1,952

87,697
11,272

87,044

478
11,272

175

7,950
894

1,735
42

9,685
936

1 Insured deposits paid by receivers are deposits for which the owners did not present claims to
the Corporation. This figure includes payments by receivers into trust for depositors who failed to file
claims, or as escheat, in accordance with State laws.
* For the character of these deposits, see the note on p. 11.

Recoveries and losses o f the Corporation. The Corporation has
recovered $247 million of the $276 million disbursed to protect depositors
in failing insured banks. Based upon the appraisal of the value of the
remaining unliquidated assets acquired from those banks, an additional
recovery of approximately $2 million can be expected, leaving an esti­
mated loss on principal of $27 million, or 10 percent.
In addition to the principal collections, the Corporation has been
reimbursed in full for advances made by it to protect the assets acquired
in these cases and for expenses incurred in liquidating them. These ad­
vances and expenses amounted to $45 million to December 31, 1951.
In some instances, proceeds from the liquidation of assets were sufficient
to reimburse the Corporation for all disbursements made by it, and, in
addition, were sufficient to pay $9 million of interest and allowable
return. The Corporation’s pay-off expenses in receivership cases, which
amounted to nearly $1 million, are not recoverable.
The Corporation has also purchased residual assets of receiverships
and absorption cases in order to facilitate the termination of the liquida­
tion proceedings. For such assets it has paid nearly $3 million. Over $2
million has been collected on these assets and additional collections of
over $1 million are expected.
A summary of the disbursements, recoveries, and losses of the Corpora­
tion in protecting the depositors of banks in financial difficulties is given
in Table 6. The table gives this information separately for the receiver­
ship cases and the absorption cases, and separately for active liquidation
cases and those in which liquidation has been completed.
In the 245 receivership cases the Federal Deposit Insurance Corpo­
ration paid out $87 million to the depositors who assigned their claims
against the receiverships to the Corporation. The Corporation received



13

ACTION TO PROTECT DEPOSITORS

dividends on the claims from the receivers in the total amount of $73
million, or almost 84 percent of the amount disbursed. The Corporation
also received interest amounting to $0.3 million on its claims against
some of the receiverships which paid out in full.
T a b le

6.

D is b u r s e m e n t s to

L osses b y

the

R e c e iv e r s h ip

P r o t e c t D e p o s it o r s , R e c o v e r ie s , a n d

C o r p o r a t io n

or

A bsorbed

from

w it h

Item

I nsured

it s

B a n k s P laced

F in a n c ia l

Total

A id ,

in

1934-1951

Liquidation
terminated

Liquidation
active

417
245
172

410
245
165

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

$275,751
87,044
188,707

$269,376
87,044
182,332

’ 6,375

Recoveries (in thousands)2
Receiverships..................
Absorptions....................

$246,822
72,866
173,956

$243,809
72,866
170,943

’ 3,013

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

$

Losses by the Corporation (in thousands)3.
Receiverships..................................................
Absorptions.....................................................

$ 27,024
14,178
12,846

Number of banks.
Receiverships. . . .
Absorptions.........

1,905

7
$6,375

$3,013

$1,905

1,905

1,905
$ 25,567
14,178
11,389

$1,457
’ 1,457

1 Includes only principal disbursements. Excludes advances for protection and maintenance of
collateral, liquidation expenses, and cost of assets purchased from receiverships and loan liquidations.
2 Represents net recoveries after payment of expenses of liquidation, etc.
3 Losses on principal disbursements: See note 3 to Table 3. Losses in terminated cases are established
losses; those in active cases are estimated.

The Corporation’s disbursements in the form of loans to banks in
difficulty or purchases of assets from such banks amounted to $189
million. Assets acquired by the Corporation in the absorption cases are
liquidated in such manner and during such period as may be necessary
to provide the largest recovery, with due regard to the condition of credit
in the locality. In cases where the Corporation recovers more than the
full amount of its disbursement plus advances, expenses, and an allow­
able return on its disbursement, the excess is delivered to the banks’
stockholders.
Collections on assets acquired in absorption cases, after allowance for
advances and liquidation expenses, amounted to $174 million as of
December 31, 1951. Additional recoveries in the seven active liquidations
are estimated at $2 million, making a total recovery of $176 million,
representing 93 percent of the principal disbursed.
The Corporation revises each year its estimate of its losses in banks
which are in the process of receivership, and of its losses on assets ac­
quired in absorption cases which are in the process of liquidation. Esti­
mates of losses are necessarily subject to revision, as it is impossible to



14

FEDERAL DEPOSIT INSURANCE CORPORATION

determine accurately the value of many of the assets acquired until after
careful and detailed analysis has been made or, in some cases, until
actual disposal.
In 1951 the total estimated losses to the Corporation increased because
of the disbursements to two additional banks during the year. Table 7
gives the figures of total losses to the Corporation as estimated at the end
of each of the past seven years.
Table 7.

E s t im a t e d L o ss e s to t h e C o r p o r a t io n C o m p a r e d w it h D is b u r s e m e n t s ,
by

Period

1934-1951...................................
1934-1950...................................
1934-1949...................................
1934-1948...................................
1934-1947...................................
1934-1946...................................
1934-1945...................................
1934-1944...................................

Y e a r o f E s t im a t e , 1944-1951

Number
of
banks

Disbursements
to end of
period
(in thousands)1

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

$275,751
273,203
269,961
266,976
264,184
262,133
261,717
259,696

$27,024
26,930
25,490
24,930
26,014
28,896
31,111
38,810

417
415
411
407
404
399
398
397

Estimated
losses as
percent of
disbursements
9.8%
9.8
9.4
9.3
9.8
11.0
11.9
14.9

1 Principal disbursements. See note 1 to Table 6.
2 Losses on principal disbursements. See note 3 to Table 3.

Total losses in insured banks in financial difficulty. The Cor­
poration’s losses in the 417 insured banks placed in receivership or ab­
sorbed with its financial aid are estimated at $27 million. D epositor
losses in the receivership cases are almost $2 million. In addition, losses
of the Reconstruction Finance Corporation on preferred stock invest­
ments in these banks are estimated at $41 million. That Corporation
had invested approximately $43 million in those banks, of which it will
recover only $2 million. The total losses to depositors, to the Federal
Deposit Insurance Corporation, and to the Reconstruction Finance
Corporation is therefore approximately $70 million, or 13 percent of
the total deposits of the 417 banks.
S u p e r v is o r y A

c t iv it ie s

Bank examinations. The policy of the Corporation from its establish­
ment has been to examine annually each insured State bank which is not
a member of the Federal Reserve System. National banks are examined
by representatives of the Office of the Comptroller of the Currency, and
State banks members of the Federal Reserve System by representatives
of that System. The information of the Corporation relating to these
banks is derived chiefly from the reports of examination furnished by
those agencies. Only under unusual circumstances does the Corporation
examine national banks or State banks which are members of the Federal
Reserve System.



SUPERVISORY ACTIVITIES

15

During 1951 the Corporation conducted 6,806 regular examinations,
and for the first time since 1940 completed its regular examination
schedule. It also conducted during the year 143 special examinations,
52 entrance examinations of operating banks, and 92 new bank in­
vestigations. The regular examinations involved examinations of 1,285
branches and 813 trust departments. In addition to reviewing and
analyzing the reports of these examinations, the Corporation reviewed
and analyzed 8,004 reports of examination made by examiners of the
Federal Reserve Banks and the Office of the Comptroller of the Currency.
The Corporation, through its field offices and its review sections in
Washington, maintains close contact with the various State banking
departments and with the Federal bank supervisory agencies. In this
manner, there is a continuous flow of supplemental information about
individual banks between the agencies affected.
In 1951 the Corporation continued its efforts to improve bank ex­
amining techniques including procedures designed to assist in the detec­
tion of irregularities before the safety of a bank is endangered.
Throughout the year the field examination force of the Corporation
was maintained close to the authorized numerical strength. This was
accomplished notwithstanding the exhaustion, in several Districts, of
the Civil Service registers of eligible candidates for appointment as
examiners, established in 1950. A new series of Civil Service examinations
is planned for 1952.
Educational program for examiners. The Corporation is continuing
the educational program for its examiners which it began in 1946. This
program consists primarily of correspondence courses given by the
American Institute of Banking, but also includes evening courses offered
by colleges or universities, and local chapters of the Institute, together
with special graduate courses at two universities. Total enrollment in
all educational projects numbered 350 at the year end, the largest active
participation since the program began.
The special graduate courses are made available to a limited number
of examiners each year through enrollment in The Graduate School of
Banking held at Rutgers University and sponsored by the American
Bankers Association, and The School of Banking at the University of
Wisconsin. These courses combine both resident and correspondence
study, and are designed by bankers primarily for junior bank executives.
Two years of intensive study are required for completion, including
three annual resident sessions, each of two weeks’ duration. To be selected
to attend these Schools, examiners must qualify by completion of other
educational work.
In the six years during which the program has been in operation,
examiners of the Corporation completed more than 1,000 educational



16

FEDERAL DEPOSIT INSURANCE CORPORATION

courses. Of those taking American Institute of Banking courses, 81
have qualified for the Pre-Standard Certificate, 41 for the Standard
Certificate, and 9 for the Graduate Certificate awarded by the Institute.
At the close of 1951, 31 examiners of the Corporation held diplomas
from the two graduate banking schools, and 33 were enrolled in those
schools. A number of others received college degrees for study completed
in whole or in part under the evening resident program, bringing to 242
the total number of such degrees held by Corporation examiners.
The cost of the educational program is paid by the Corporation al­
though students who attend the graduate summer schools must forego
ten days of their annual leave each year. The expenditure is believed
by the Corporation to be fully justified by increased effectiveness of
its examining staff. The program which the Corporation has pioneered
is having a beneficial effect on our entire banking system.
Unsafe and unsound banking practices and violations of law
or regulations. Section 8(a) of the Federal Deposit Insurance Act
charges the Corporation with the responsibility of keeping insured banks
within the bounds of safe and sound banking. Whenever the Board of
Directors finds that a bank has continued to engage in unsafe or unsound
practices or violations of the law, it is required to give to the appropriate
supervisory authority a statement with respect to such practices or
violations for the purpose of obtaining necessary corrections. In situa­
tions of this sort the Corporation works jointly with the supervisory
authority in the attempt to secure correction of the unsound practices
or violations of law. If they are not corrected the Corporation has the
authority to terminate the insured status of the bank. This power is
used only after every effort has been made to obtain corrections. Where
corrections do not appear to be obtainable, the Corporation prefers to
have the bank absorbed by another insured bank rather than to terminate
its insured status. Accordingly, formal action to terminate the insured
status has been taken in only a small number of cases.
During 1951, no proceedings were initiated under Section 8(a) of the
Federal Deposit Insurance Act. In five cases, proceedings with respect
to banking practices were pending at the beginning of the year. These
w
^ere banks previously charged with unsafe and unsound practices and
violations of law, with final action by the Corporation deferred in view
of proposed correction programs. In three of these cases, corrections
were made and the action dismissed. In the other two, progress was
made in the development of corrective programs, and further action
by the Corporation was deferred pending reexamination.
Since 1935, when the Corporation was given authority to terminate
the insurance of banks which continue to engage in unsafe or unsound
practices or violations of law or regulations, a total of 145 banks have



17

SUPERVISORY ACTIVITIES

been charged with such practices and violations. The disposition of
these cases is given in Table 8.
T a b le
w it h

8.

A c t io n s t o

E n g a g in g

in
of

T e r m in a t e
U nsafe

Law

or

or

Insured
U nsou nd

R e g u l a t io n s ,

Statu s

of

P r a c t ic e s

B anks
or

C h arged

V io l a t io n s

1936-1951

Disposition or status
Total banks against which action was taken.................................................................
Cases closed:
Corrections made...................................................................................................................
Banks absorbed or succeeded by other banks.....................................................................
With financial aid of the Corporation................................................................................
Without financial aid of the Corporation...........................................................................
Banks suspended prior to setting of date of termination of insured status by Corporation
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............................................................................................
Cases not closed December 31, 1951: Action deferred pending reexamination..............

1936-19511
145
35
66
61
5
32
10
7
3
2

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 latter action is included.
No case was started during 1951.
2 One of these suspended 4 months after its insured status was terminated.
Back data: See the Annual Report of the Corporation for 1950, p. 20, and earlier reports.

Approval of banks for insurance. During 1951 the Corporation
approved the applications of 90 noninsured banks for admission to
insurance. Of these, 58 were new banks, 31 were operating as noninsured
banks at the beginning of the year or were successors to such banks,
and 1 was a financial institution which had not engaged previously in
deposit banking. The Corporation also approved continuance of insurance
for one national bank which converted to a State bank and nine State
banks which withdrew from the Federal Reserve System. The Cor­
poration also approved the application of one trust company, which
is not engaged in deposit banking, for termination of its insured status.
Eight applications for admission to insurance were disapproved because
the conditions enumerated in the deposit insurance law were not met.
The number of applications for admission to insurance acted on by the
Corporation in prior years is given in the Annual Report of the Cor­
poration for 1950, page 20, and for 1949, page 14.
The number of banks admitted to insurance in a year differs from
the number approved 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 Corporation.
In addition, a bank approved for insurance may not be opened, or the
insurance may not become effective, in the calendar year in which the
approval was given. For the number of banks which became insured
during 1951 see Table 101, page 128.



18

FEDERAL DEPOSIT INSURANCE CORPORATION

Approval of applications from insured banks. During 1951 the
Corporation approved the establishment of 102 branches by insured
banks not members of the Federal Reserve System. Of these, 90 were
for the establishment of new banking offices, and 12 were banks to be
absorbed and converted into branches. The Corporation also approved
continuation of operation of twelve branches previously operated by
banks which were admitted to insurance or absorbed by insured banks.
The Corporation disapproved two applications for permission to estab­
lish branches. For Corporation actions regarding establishment of
branches in prior years, see the Annual Report of the Corporation for
1950, page 21, and for 1949, page 15.
During 1951 the Corporation approved the applications of eight
insured banks for permission to exercise trust powers, and disapproved
three such applications. The Corporation approved one bank’s applica­
tion for permission to change the business of a teller’s window to that
of a regular branch, and of another to convert from a cash depository
to a commercial bank.
The Corporation approved in 14 cases the assumption of deposit
liabilities of one bank by another bank. In 8 of these cases, deposits of
a noninsured bank were assumed by an insured bank; in 6 cases deposits
of one insured bank were assumed by another insured bank. In another
case, the Corporation approved the assumption by an insured bank of
the demand deposits of a branch of another insured bank, with the
branch to be closed and its time and savings deposits transferred to
the bank’s main office.
Reports from banks. Insured State banks not members of the
Federal Reserve System, other than those in the District of Columbia,
were required by the Corporation to report their assets, liabilities, and
capital accounts as of June 30 and December 31, 1951. Summaries of
corresponding data for other insured banks were furnished to the Corpora­
r
tion by the agencies to which those banks made reports. Through the
cooperation of State banking authorities and of officials of banking
institutions not under State or Federal supervision, mostly unincorpo­
rated banks, the Corporation obtained, as of June 30 and December 31,
reports of assets and liabilities of noninsured banks and trust companies
which do not file reports with a Federal agency. The insured banks also
reported to the respective Federal agencies statements of their earnings,
expenses, and disposition of profits for the calendar year 1951.
An analysis of the asset, liability, and capital data, and also of the
earnings and expense information, is given in Part Two of this report.
Detailed tabulations from the reports of assets, liabilities, and capital
accounts, for insured and noninsured banks in the entire United States
and for insured banks in each State, are given in the Corporation’s



19

SUPERVISORY ACTIVITIES

publication, “ Assets, Liabilities, and Capital Accounts, Capital and other
Ratios, Commercial and Mutual Savings Banks/7 Reports No. 35 and
36. Summary tabulations are given in Tables 103-107 of this report,
pages 138-51. Summaries of the reports of earnings, expenses, and dis­
position of profits are given in Tables 113-119, pages 166-85 of this report.
A special call for deposit information from all insured banks was made
by this Corporation on September 19, 1951. This call was made to assist
in estimating the contingent liability of the Corporation in insuring
bank deposits. The insured banks were asked to report the number of
deposit accounts and total deposit liabilities, with the accounts and
deposits grouped by size and type. An analysis of the data collected in
this call, as well as detailed tables, is given in Part Three, pages 59-116
of this report.
L egal D

evelopm ents

Federal legislation. No legislation directly affecting deposit insurance
or insured banks in general was enacted during the first session of the
82nd Congress.
State legislation. A summary of State banking legislation enacted
in 1951 is given in Part Four of this report, pages 119-23.

P ersonnel

and

F in a n c ia l St 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, Chairman of the
Board of Directors of the Corporation, and Mr. H. E. Cook, Director,
whose appointments expired on September 6, 1951, were reappointed
for six-year terms. Mr. Preston Delano, Comptroller of the Currency,
continued as ex officio member of the Board of Directors throughout
the year.
On December 31, 1951, the Corporation had 1,002 officials and em­
ployees compared with 1,075 at the beginning of the year. This is the
smallest number of employees at the year end since 1937, and is less
than half the 2,538 employees on December 31, 1941, when employment
in the Corporation was at its peak. The reduction in personnel during
the last ten years is due in large part to a reduced volume of work in
connection with the liquidation of assets acquired from closed banks.
Table 9 shows the number of employees in each division of the Corpora­
tion at the end of 1951 and also gives comparable data for the end of 1941.
Assets and liabilities. A comparative statement of the assets and
liabilities of the Corporation at the close of 1950 and of 1951 is given in
Table 10.



20

FEDERAL DEPOSIT INSURANCE CORPORATION

Table 9.
I nsurance

N um ber

of

O f f ic e r s a n d

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

E m p l o y e e s , F e d e r a l D e p o s it

31, 1941,

31, 1951

D ecem ber

and

Washington
office

Total

District and
field offices

Division
1951

1941

1951

1941

All divisions..................................................

1,002

2,538

303

531

Directors......................................................
Executive Division.....................................
Legal Division.............................................
Division of Examination............................
Division of Liquidation..............................
Division of Research and Statistics..........
Division of Finance and Accounts............
Audit Division............................................
Personnel Division......................................
Service Division..........................................

3
23
20
721
35
45
39
33
16
67

3
20
34
584
1,623
57

3
23
20
40
17
45
39
33
16
67

1951

3
20
34
34
166
57

217

]
[
f
]

1941

699

2,007

681
18

550
1,457

217

The statement for December 31, 1951, shows total assets of $1,360
million, of which $1,356 million consisted of United States Government
obligations. Assets acquired through bank suspensions and absorptions
were valued at $3 million. The other $1 million of assets consisted of
cash and miscellaneous accounts.
Table 10.

A sse t s, L ia b il it ie s , a n d

I nsurance

I nsurance

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

F und

31, 1951,

Item
ASSETS
Cash..........................................................................................
U. S. Government obligations and accrued interest re­
ceivable .................................................................................
Unliquidated assets acquired through bank suspensions
and absorptions, less reserve for loss (see Table 11)........
Furniture, fixtures, and equipment.......................................
Miscellaneous accounts receivable and other assets.............
Total assets.....................................................
LIABILITIES AND INSURANCE FUND
Liabilities:
Credits to insured banks’ assessment accounts.................
Accounts payable.................................................................
Accrued annual leave of employees...................................
Earnest money deposits and collections in suspense.......
Deferred credits..................................................................
Net balances of depositors in closed insured banks,
pending settlement or not claimed.............................
Total liabilities..............................................

of

and

the

F e d e r a l D e p o s it

Dec. 31, 1951

$

31, 1950

D ecem ber

750,085.03

Dec. 31, 1950

$

2,453,915.38

1,356,254,910.89

1,309,458,494.05

3,040,103.06
1.00
300,076.12

2,315,218.24
1.00
117,112.90

$1,360,345,176.10

$1,314,344,741.57

$

76,444,754.73!
468,819.90
946,750.02
292,886.17
4,016.90

$

68,734,447.072
467,854.782
903,958.46
236,455.70
37,325.52

$

78,157,227.72

$

70,397,712.18

17,670.65

Deposit insurance fund3 (see Table 13)............................

1,282,187,948.38

1,243,947,029.39

Total liabilities and insurance fund...............................

$1,360,345,176.10

$1,314,344,741.57

1 Consists of net assessment income credit for 1851 in the amount of $69,991,455.93 (see Table 14)
adjustments to net assessment income credit for 1950 amounting to $9,278.06 (se# Table 14); and
$6,444,020.74, representing unused net assessment income credit for 1950 and other assessment
adjustments.
2 The amounts originally reported under these captions have been adjusted to conform with revised
classifications of liabilities.
3 Capital stock issued in 1933 and 1934 to the United States in the amount of $150,000,000.00 and
to the Federal Reserve Banks in the amount of $139,299,556.99 was retired in 1947 and 1948 by payment
to the United States Treasury in accordance with the provisions of Public Laws 363 and 813, approved
August 5, 1947, and June 29, 1948, respectively.




21

FINANCIAL STATEMENTS OF THE CORPORATION

Table 11 gives the total amount of assets acquired by the Corporation
through bank suspensions and absorptions since the beginning of deposit
insurance, the collections and losses on these assets, and the book value
of those that remained. From the beginning of deposit insurance to
December 31, 1951, the Corporation disbursed a total of $324 million
to protect depositors in 417 closed or absorbed banks. During this same
period recoveries of $294 million were made, leaving an uncollected
balance of only $30 million. The actual known losses, less realized profits,
for the 18-year period were $25 million. It is estimated that additional
losses of about $2 million will be incurred, leaving a net book value of
remaining assets of $3 million. This is the book value of unliquidated
assets purchased from banks for the purpose of protecting depositors
or from receivers or liquidating agents to facilitate termination of the
liquidating procedure.

T a b le 11.

A s s e t s A c q u ir e d b y t h e F e d e r a l D e p o s it I n s u r a n c e

C o r p o r a t io n

T h r o u g h B a n k S u s p e n s io n s a n d A b s o r p t io n s f r o m B e g in n in g o f O p e r a t io n s
to

D ecember

31, 1951

(In thousands)
Assets acquired from insured banks in difficulties

Item

Disbursements— tota l...
Original disbursement...
Subsequent expenses for
protection of assets. . .
Field
liquidation
ex­
penses ..........................

Total

Absorption cases

Assets
acquired
from
liqui­
dators1

Total

Receiv­
ership
cases:
subrogated
claims2

Assets
purchased
under
agree­
ment4

Other
assets
pur­
chased5

$132,802
100,292

$99,612
87,204

$1,243
1,211
32

Loans3

$323,513
278,446

$2,812
2,695

$320,701
275,751

32,043

117

31,926

24,745

7,149

13,024

7,765

5,259

13,024

$87,044
87,044

Collections6......................

$293,949

$2,272

$291,677

$72,866

$127,013

$91,047

$ 751

Uncollected balance. . . .

$ 29,564

$ 540

$ 29,024

$14,178

$

5,789

$ 8,565

$ 492

$ 26,524

$ 5S57 $ 27,119

$14,178

$

5,789

$ 6,660

$ 492

5,789

5,203
1,457

492

Losses—estimated net
total............................
Losses incurred less real­
ized profits..................
Reserve for losses...........
Net book value of re­
maining assets........

25,050
1,474
$

3,040

612s
17
$1,135

25,662
1,457
$

1,905

14,178

$ 1,905

1 Assets purchased outright from liquidating officers in receivership and absorption cases in order to facilitate
the termination of the liquidations.
2 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 the Federal Deposit Insurance
Corporation.
3 Loans to absorbed insured banks are supported by collateral and are evidenced by demand notes bearing
interest at the rate of 4 percent per annum. Recoveries in excess of Corporation disbursements and interest
allowances are returned to stockholders.
4 Assets purchased under agreements with absorbed insured banks are evidenced by purchase agreements
allowing an interest return of 4 percent per annum on Corporation advances. Any excess recoveries are returned
to the stockholders of the selling bank in the form of an additional cash purchase price.
6 Assets purchased from absorbed insured banks without refund agreements.
6 Does not include net income on assets purchased outright, nor interest earned or allowable return on loans
and assets purchased under agreement.
7 Net profit.
8 Realized profits in excess of losses.




22

FEDERAL DEPOSIT INSURANCE CORPORATION

A condensed statement of assets and liabilities of the Corporation
as of December 31 of each year since commencement of operations is
furnished in Table 12. Both the total assets of the Corporation and the
deposit insurance fund increased steadily each year from 1934 to the
present, except in 1947 when the bulk of the capital stock issued to the
United States Treasury and to the Federal Reserve banks was retired.
The increase in liabilities in 1950 and 1951 over the amount shown for
prior years is due principally to the fact that the net assessment income
credit provided for in the Federal Deposit Insurance Act is recorded as
of the end of a year and is not available for use in paying assessments
by the banks until the following July.
T a b le 12.

A s s e t s and L ia b ilitie s o f t h 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 , 1934-1951
(In millions)

Dec. 31

Cash

Insurance
assets1

.7
2.4
1.4
2.3

$1,356.3
1,309.5
1,207.3
1,066.0

$ 3.0
2.3
2.8
3.6

1947
1946
1945
1944

4.6
7.3
15.7
17.8

1,022.5
1,047.7
900.0
762.0

1943
1942
1941
1940
1939 , ,

20.0
19.4
20.0
20.4
28.3

1938
1937
1936
1935
1934

22.2
20.6
9.1
33.5
16.0

1951
1950
1949
1948

$

U. S.
Government
obligations

..

,

Total
assets

Other
assets

$

Liabilities

Deposit
insurance
fund2

.3
.1
.2
.1

$1,360.3
1,314.3
1,211.7
1,072.0

$78.1
70.4
7.8
6.1

$1,282.2
1,243.9
1,203.9
1,065.9

3.6
5.6
15.1
26.1

.1
.1
.3
.3

1,030.8
1,060.7
931.1
806.2

24.7
2.2
1.9
1.9

1,006.1
1,058.5
929.2
804.3

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

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

1 Assets acquired in protecting depositors.
a Designated capital and surplus in Annual Reports of the Corporation prior to 1950.

Incom e and expenses. A statement of the income and expenses of
the Corporation for 1951, and of changes in its surplus or deposit in­
surance fund, is given in Table 13.
Total income of the Corporation during the year 1951 amounted to
$83 million, of which $54 million, or approximately two-thirds, was
derived from assessments. The remainder, $30 million, consisted of
interest earned on United States government obligations and other
income. The income from deposit insurance assessments represents
the difference between the assessments becoming due during the year
and the portion of the “ net assessment income for 1951” which was
credited to insured banks in accordance with the provisions of the Federal
Deposit Insurance Act.



23

FINANCIAL STATEMENTS OF THE CORPORATION

Table 13.

S ta te m e n t o f O p e ra tio n s o f t h e F e d e r a l D e p o s it I n su r a n c e
C o r p o r a tio n f o r t h e Y e a r E n ded D e c e m b e r 31, 1951

Surplus adju stm en ts:
Surplus (deposit insurance fund), as reported December
31, 1950...................................................................

$1,243,947,029.39

Adjustments applicable to years prior to January 1, 1951:
Interest on capital stock payable to U. S. Treasury...
Other adjustments (net credit).......................................

40,281,155.89
2,262,585.69

Net decrease..............................................................

38,018,570.20

Surplus (deposit insurance fund), December 31, 1950,
as adjusted......................................................

$1,205,928,459.19

Incom e:
Deposit insurance assessments..................................
Less: Net assessment income to be credited to insured
banks (see Table 14)..............................................

$ 123,889,459.68

Net deposit insurance assessments.......................
Interest earned on U. S. Government obligations.........
Other interest received......................................................
Other income......................................................................

$

53,898,003.75
29,379,211.40
131,493.82
87,813.35

Total income...........................................................

$

83,496,522.32

Losses and expenses:
Operating expenses (see Table 15)...................................
Provisions for insurance losses..........................................
Insurance losses in excess of reserves...............................

$

6,849,865.00
387,135.13
33.00

Total losses and expenses......................................

$

7,237,033.13
$

Net income for the year....................................................

76,259,489.19

$1,282,187,948.38

Surplus (deposit insurance fund), December 31, 1951. . .

The computation of net assessment income for 1951, the portion
retained by the Corporation, and the portion credited to insured banks
are shown in Table 14.

Table 14.

D e te r m in a tio n and D is tr ib u tio n o f N e t A ssessm en t Incom e,

F e d e r a l D e p o s it In su ra n ce C o rp o r a tio n , D e ce m b e r 31, 1951
C om putation of net assessment incom e for 1951
Total assessments which became due during the calendar
year....................................................................................
Less:
Operating costs and expenses for the calendar year.........
Net additions to reserves to provide for insurance losses.
Insurance losses in excess of reserves.................................

$123,889,459.68
$

6,849,865.00
387,135.13
33.00

Total deductions..........................................................

7,237,033.13

Net assessment income for 1951:
40 percent transferred to the Corporation’s capital
account..............................................................................
$ 46,660,970.62
Balance credited pro rata to insured banks
......................
69,991,455.93

$116,652,426.55

Net assessment income for 1951 credited to insured banks.
Adjustments to net assessment income credit for 1950.......

$ 69,991,455.93
9,278.06

Percent of total
assessments be­
coming due in 1951
56.49508
.00749

Total net assessment income credited to insured banks on
December 31, 1951..............................................................

$ 70,000,733.99

56.50257

D istribution to insured banks o f net assessment in ­
com e, December 31, 1951




24

FEDERAL DEPOSIT INSURANCE CORPORATION

Total expenses and losses of the Corporation amounted to approxi­
mately $7 million in 1951, resulting in a net operating income for the year
of $76 million.
Table 15.

O p e r a t in g

E xpenses

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

of

the

E nded

F e d e r a l D e p o s it I n s u r a n c e

D ecember

31, 1951

Salaries......................................................................................
Professional services................................................................
Services of other governmental agencies..............................
Transportation.........................................................................
Subsistence...............................................................................
Office rentals.............................................................................
Printing, stationery, and supplies..........................................
Postage, telephone, and telegraph.........................................
Insurance and fidelity bond premiums..................................
Subscriptions............................................................................
Equipment rental.....................................................................
Repairs and alterations...........................................................
Transportation of things.........................................................
Furniture, fixtures, and equipment.......................................
Miscellaneous............................................................................

$4 ,846,740.44
23,989.02

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

$6,900,795.51

Inter-departmental expense transfers..........................
Expenses recovered........................................................

34,127.77
16,802.74

Less:

T o ta l.........................................................................
Operating expenses for year ended December 31, 1951

20.00

263,377.07
969,510.43
333,546.87
239,749.62
44,021.19
7,376.08
14,293.65
24,130.11
25,194.41
16,506.38
59,842.01
32,498.23

50,930.51
$6,849,865.00

The deposit insurance fund increased approximately $38 million in
1951. This increase resulted from the net income of $76 million from the
year’s operations, plus adjustments of assessments for prior years and
other adjustments in the amount of $2 million, and minus $40 million
representing payment of the final instalment of interest on capital stock,
as provided for in the Federal Deposit Insurance Act. The deposit
insurance fund at the end of the year amounted to $1,282 million.
A summary of the income and expenses of the Corporation, and
additions to the deposit insurance fund, for each year since its organiza­
tion, adjusted as of December 31, 1951, is given in Table 16.
Audit. The audit of the financial transactions of the Corporation,
pursuant to the Federal Deposit Insurance Act of 1950, was made by
the Comptroller General of the United States for the year ended June
30, 1951. The auditor’s opinion and financial statements of the Corpora­
tion, constituting the short form audit report furnished to the Corporation
by the Comptroller General, are given on pages 26-28.




25

FINANCIAL STATEMENTS OF THE CORPORATION

Table 16.

I n 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 it I n s u r a n c e
C o r p o r a t io n f r o m B e g in n in g o f O p e r a t io n s ,
S e p t e m b e r 11, 1933, t o D e c e m b e r 31, 1951
ADJUSTED AS OF DECEMBER

31, 1951

(In millions)
Expenses

Income

Year
Total

Deposit Investment
and
insurance
other
assess­
income
ments

Total

Deposit
insurance
losses
and
expenses1

Interest
on
capital
stock2

Operating
expenses3

Net
income
added to
deposit
insurance
fund4

1933-1951....

$1,467.1

$333.0

$184.9

$27.3

$80.6

$77.0

$1,282.2

1951 ..........
1950...........
1949............
1948............

83.5
84.6
150.3
146.8

53.95
54.05
121.8
119.3

29.6
30.6
28.5
27.5

7.2
7.6
6.4
7.4

A
1.2
.3
.7

.6

6.8
6.4
6.1
6.1

76.3
77.0
143.9
139.4

1947............
1946............
1945............
1944............

157.7
130.9
121.2
99.5

114.4
107.1
93.7
80.9

43.3
23.8
27.5
18.6

10.4
10.4
9.8
9.7

.1
.1
.1
.1

4.8
5.8
5.8
5.8

5.5
4.5
3.9
3.8

147.3
120.5
111.4
89.8

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

10.3
10.2
10.1
13.6
16.6

.2
.5
.6
4.2
7.4

5.8
5.8
5.8
5.8
5.8

4.3
3.9
3.7
3.6
3.4

76.4
59.2
51.9
42.3
34.6

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

47.8
48.1
43.8
20.7
7.0

38.3
38.8
35.6
11.5
(6
)

9.5
9.3
8.2
9.2
7.0

11.2
12.0
10.8
11.2
10.0

2.4
3.5
2.5
2.7
.3

5.8
5.8
5.8
5.8
5.6

3.0
2.7
2.5
2.7
4.V

36.6
36.1
33.0
9.5
3.0&

$1,134.1

1 Includes nonrecoverable expenses incurred pursuant to the insurance of deposits in closed insured banks.
Total deposit insurance losses and expenses are therefore larger than the losses incurred and reserve for losses,
as given in Table 11. Figures for the various years adjusted on basis of losses incurred in liquidating assets ac­
quired.
2 Paid to the United States Treasury in 1950 and 1951 in accordance with Section 13(f) of the Federal Deposit
Insurance Act of 1950; allocated in this table to the years during which the capital stock was outstanding.
3 Includes furniture, fixtures, and equipment charged off.
4 As adjusted for adjustments in deposit insurance losses and allocations of interest on capital stock (see
notes 1 and 2).
5 Net after deducting portion of net assessment income credits apportioned to insured banks, pursuant to
provisions of the Federal Deposit Insurance Act.
6 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 on August 23, 1935, and were applied toward
payment of subsequent assessments becoming due under the permanent insurance fund, resulting in no inc®me
to the Corporation from assessments during the existence of the temporary insurance funds.
7 Net after deducting the portion of expenses and losses charged to banks withdrawing from the temporary
insurance funds on June 30, 1934.
8 Deduction.




26

FEDERAL DEPOSIT INSURANCE CORPORATION

C o m p t r o l l e r G e n e r a l o f t h e U n it e d S t a t e s
W a s h in g t o n 25

December 13, 1951
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, 1951, has been made by the General Accounting Office in accordance
with section 17(b) of the Federal Deposit Insurance Act, approved September 21, 1950.
There is transmitted herewith a short form report including statements of financial
position and operations, together with explanatory notes and auditors’ opinion, all
of which will be included in the detailed report to be submitted by the Comptroller
General to the Congress.
Very truly yours,
L in d s a y C. W a r r e n

Comptroller General
of the United States

A u d it o r s ' O p in io n

W e have examined the balance sheet of Federal Deposit Insurance Corporation
as of June 30, 1951, and the related statement of income and deposit insurance fund
for the year then ended. Our examination was made in accordance with generally
accepted auditing standards and accordingly included such tests of the accounting
records and such other auditing procedures as we considered necessary in the cir­
cumstances and appropriate in view of the effectiveness of the system of internal
control, including the work performed by the Corporation’s internal auditors.
In our opinion, the accompanying balance sheet and statement of income and
deposit insurance fund present fairly the financial position of Federal Deposit In­
surance Corporation at June 30, 1951, 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 and with applicable Federal laws.
During our examination we observed no program, expenditure, or other financial
transaction or undertaking which, in our opinion, was carried on or made without
authority of law.




S t e p h e n B. I v e s

Director
Corporation Audits Division
General Accounting Office

27

FINANCIAL STATEMENTS OF THE CORPORATION

TableT17.

F in a n c ia l S t a t e m e n t s o f t h e F e d e r a l D e p o s it I n s u r a n c e

C o r p o r a t io n — f r o m A u d it o r s ’ R e p o r t f o r t h e Y e a r E n d e d J u n e 30, 1951

Exhibit 1— B a l a n c e S h e e t — J u n e 30, 1951
ASSETS
$
United States Governm ent securities, at cost (market or
redemption value, $1,326,387,406)............................................
Accrued interest receivable.............................................................

$1,338,326,581
3,457,816

Assets acquired through m ergers and receiverships of
insured banks (note 1):
Equity in assets acquired under purchase agreements................
Assets purchased outright...............................................................

2,347,185
1,262,076

Less estimate for losses....................................................................

3,609,261
1,411,000

2,783,231

1,341,784,397

2,198,261

Deferred charges and sundry assets............................................
Furniture, fixtures, and equipm ent, at nominal value.............

205,196
1
$1,346,971,086

LIABILITIES
A ccounts payable and accrued liabilities..................................
Earnest m oney, escrow funds, and collections held for others
Em ployees’ accrued annual leave................................................
Deferred cred its................................................................................
Net assessment incom e credits due insured banks (note 2):
Available July 1, 1951....................................................................
Estimate for amount available July 1, 1952.................................

$

$66,752,932
34,680,000

Deposit insurance fund, representing accumulated inc me from
inception to June 30, 1951, available for future deposit in­
surance losses and related expenses (note 3 and exhibit 2 )..

488,392
221,527
984,800
4,056
101,432,932

1,243,839,379
$1,346,971,086

The notes following exhibit 2 are an integral part of this statement.

Exhibit 2— S t a t e m e n t
fo r th e

of

I n c o m e a n d D e p o s it I n s u r a n c e F u n d

Y e a r E n d e d J u n e 30, 1951

Deposit insurance assessments...........................................................
Interest on United States Government securities............................
Income from bank mergers and receiverships:
Interest and allowable return........................................................
Other.................................................................................................
Less estimated loss on merger cases acquired during the y ea r..

$ 125,422,858
29,087,081
$

3,495,536
48,520
3,544,056
1,266,351

2,277,705
156,787,644
6,567,278

Administrative and operating expenses.............................................

150,220,366
Deduct net assessment income credits due insured banks (note 2):
Six months ended December 31, 1950...........................................
Six months ended June 30, 1951, estimated.................................

34,629,021
34,680,000

Deduct:
Interest paid to the Secretary of the Treasury, pursuant to
section 13(f) of the Federal Deposit Insurance Act, on capital
stock retired in prior years.........................................................
Net assessment income credits due insured banks for prior
year (note 2 )................................................................................

192,276
1,358,479,560

80,562,311
34,077,870

Deposit insurance fund, June 30, 1951 (note 3 and exhibit 1 ) . . . .
Notes 2, 3, and 4 on the following pages are an integral part of this statement.




69,309,021
80,911,345
1,277,375,939

Net income for year transferred to deposit insurance fund............
Deposit insurance fund, June 30, 1950.............................................
Net adjustment of prior years’ estimate of losses restored to
deposit insurance fund................................................................

114,640,181
$1,243,839,379

28

FEDERAL DEPOSIT INSURANCE CORPORATION
T a b le

17.

F in a n c ia l

Statem ents

C o r p o r a t io n — f r o m

June

N o tes to

the

of

the

F e d e r a l D e p o s it I n s u r a n c e

A u d it o r s ’ R e p o r t

for

the

Y ear

E nded

30, 1951— Continued

F in a n c ia l

Statem ents— Jun e

30, 1951

1. Assets purchased under agreements with merged insured banks are evidenced by purchase
agreements 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 ac­
quires title to the assets which it liquidates, returning excess recoveries, if any, to the stockholders of
the closed banks involved.
Assets purchased outright represent collateral assets which have been purchased by the Corporation
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 acquired.
2. Section 7(d) of the Federal Deposit Insurance Act provides that as of December 31, 1950, and
as of December 31 of each year thereafter, the Corporation shall credit pro rata to the insured banks
60 percent of the net assessment income (as defined in the act) for the calendar year, the credit to be
applied toward the payment of assessments becoming due for the semiannual period beginning the next
July 1 and any excess credit to be applied to the assessment of the following period.
The net assessment income credits stated in the balance sheet ($101,432,932) are comprised of
credits for the calendar year 1950 and the first six months (ended June 30, 1951) of calendar year 1951
in the amounts of $68,706,891 (less $1,953,959 applied to effect recovery of assessments underpaid by
insured banks) and $34,680,000, respectively.
3. The deposit insurance fund is not a measure of the deposit insurance risk assumed by the Cor­
poration. The adequacy of the fund to meet future losses is dependent upon future economic conditions.
However, based upon the loss experience of the Corporation and a review of data compiled by the Cor­
poration with respect to banks which are potential loss cases, the fund appears to be adequate as of
June 30, 1951.
The Corporation may borrow from the Treasury 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, three billion dollars outstanding at any time. The Corporation has never used this bor­
rowing power.
4. Under existing law, the Corporation is not required to bear the Government’s share of the cost
of furnishing retirement, disability, and compensation benefits to the employees of the Corporation.
These costs are estimated to be approximately $290,000 for the fiscal year 1951.







PART TWO
BANKING DEVELOPMENTS




A ssets a n d

L ia b il it ie s o f A l l B a n k s

Assets of all banks increased 6 percent during 1951 to a record total of
$204 billion. Table 18 shows assets of all banks at the end of each year
from 1945 to 1951. The major changes in bank assets since 1945 are a
large increase in loans and a decline in holdings of United States Govern­
ment obligations. These components of bank assets are now nearly equal
in amount, each comprising about a third of total assets. Chart E shows
the difference between 1945 and 1951 in the types of assets held by the
banks.
Loans. Growth in loans amounting to $7 billion accounted for almost
two-thirds of the increase in bank assets during 1951. Over half of the
advance in loans was in commercial and industrial loans, which increased
18 percent, a rate somewhat less than in 1950. The next greatest advance
was in agricultural loans, which increased 17 percent in 1951 in contrast
with a 5 percent decline in the preceding year. The high rate of growth
since 1945 in real estate loans by banks tapered off somewhat in 1951
as they increased only 12 percent. Consumer instalment and single
payment loans to individuals advanced less than 4 percent in 1951,
compared with 26 percent during 1950. The only type of loan actually
to decline in volume between the 1950 and 1951 year ends was loans
for carrying securities, which were 10 percent lower. Amounts of the
different kinds of loans held by all banks at the end of each year since
1945 are presented in Table 19.
Table 18.

A s s e t s and L ia b ilitie s , A l l B a n k s, U n ite d S ta t e s and
P ossession s, 1945-1951
(Amounts in millions)
Dec. 31,
1951

Dec. 30,
1950

Dec. 31,
1949

Dec. 31,
1948

Dec. 31,
1947

Dec. 31,
1946

Dec. 31,
1945

T otal assets.................................... $203,863

$178,203

Asset, liability, or capital
account item

$192,241

$180,043

$176,075

$176,024

$169,256

45,717

41,236

36,676

39,635

38,560

35,185

35,585

71,595

73,188

78,754

74,462

81,637

87,032

101,822

9,392
6,599
68,001
2,559

8,249
6,568
60,711
2,289

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

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

5,362
5,398
43,231
1,836

4,471
5,046
35,810
1,712

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

T otal liabilities and capital
a cco u n ts.................................. $203,863

$192,241

$180,043

$176,075

$176,024

$169,256

$178,203

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

186,604
2,553
14,706

176,120
2,205
13,916

165,244
1,633
13,166

162,041
1,480
12,554

162,729
1,298
11,997

156,753
1,158
11,345

166,474
1,203
10,526

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

14,661

14,693

14,736

14,753

14,767

14,655

14,725

Cash and funds due from banks.
United States Government ob­
ligations....................................
Obligations of States and sub­
divisions ....................................
Other securities............................
Loans and discounts—net..........
Miscellaneous assets....................

1 Includes banks for which asset and liability data were not available, as follows: 25 in 1951, 27 in 1950,
31 in 1949, 18 in 1948, 12 in 1947, 104 in 1946, and 104 in 1945.
Detailed data for 1951: See Table 105, pp. 144-45.




31

32

FEDERAL DEPOSIT INSURANCE CORPORATION

C hart E.

D is t r ib u t io n o f A s se t s o f A ll B a n k s , D e c e m b e r

T a b le

19.

U n it e d

Dec. 31

Total
loans1

31, 1945

and

1951

P r in c ip a l T y p e s o f L o a n s , A l l B a n k s ,
St a t e s a n d

P o s s e s s io n s ,

Com­
mercial
and
industrial

Agri­
cultural
(ex­
cluding
real estate)

Real
estate

1945-1951

For
carrying
securities

Other
loans
to indi­
viduals

All
other

Amount
(in millions)
1951....................
1950...................
1948...................
1948...................
1947...................
1946...................
1945...................

$68,998
61,638
50,615
49,890
43,231
35,823
30,467

$26,040
22,068
17,195
19,055
18,295
14,237
9,600

$3,430
2,926
3,075
2,893
1,678
1,412
1,361

$24,648
21,925
18,350
16,703
14,302
11,675
8,980

$2,585
2,882
2,658
2,332
2,075
3,164
6,827

$10,596
10,243
8,159
6,960
5,791
4,109
2,419

$1,699
1,594
1,178
1,147
1,090
1,226
1,280

Percentage
distribution
1951...................
1950...................
1949...................
1948...................
1947...................
1946...................
1945...................

100.0%
100.0
100.0
100.0
100.0
100.0
100.0

37.7%
35.8
34.0
38.8
42.3
39.8
31.5

5.0%
4.7
6.1
5.9
3.9
3.9
4.5

35.7%
35.6
36.3
34.0
33.1
32.6
29.5

3.7%
4.7
5.2
4.8
4.8
8.8
22.4

15.4%
16.6
16.1
14.2
13.4
11.5
7.9

2.5%
2.6
2.3
2.3
2.5
3.4
4.2

1 Includes valuation reserves, which are excluded from net loans in Table 18.
Detailed data for 1951: See Table 105, p. 144.

Securities. The amount of bank investment in securities was little
changed in 1951, decreasing less than 1 percent. Holdings of United
States Government obligations declined moderately, but the decrease
was partly offset by an increase in holdings of obligations of States and
their political subdivisions. Since 1945 issues of the latter have increased
markedly and banks, attracted in part by their tax-free status, have



33

ASSETS AND LIABILITIES OF ALL BANKS

more than doubled their holdings of them. Other securities held by
banks, mostly those of business enterprises, were practically unchanged
in 1951.
Deposits. Deposits of all banks registered a 6 percent advance for
the year. Two-thirds of the $187 billion total at the year end was in demand
accounts and one-third in time and savings accounts. Annual figures of
deposits of all banks from 1945 to 1951 are given in Table 20.
Table 20.

T ypes

of

D e p o s it s , A l l B a n k s , U n it e d
P o s s e s s io n s ,

States an d

1945-1951

(In millions)
Business and personal
Total
deposits

Call dates

Dec.
Dec.
Dec.
Dec.
Dec.
Dec.
Dec.

31,
30,
31,
31,
31,
31,
31,

1951.............
1950.............
1949.............
1948.............
1947.............
1946.............
1945.............

$186,604
176,120
165,244
162,041
162,729
156,753
166,474

Total

De­
mand

Time

Cer­
tified
checks,
etc.

$157,670
149,455
140,241
138,674
140,357
133,956
121,776

$97,006
91,314
83,454
83,167
85,303
81,276
73,876

$57,472
55,203
54,416
53,355
52,454
50.284
45.285

$3,192
2,938
2,371
2,152
2,600
2,396
2,615

States
and
subdi­
visions

U. S.
Gov’t.

Inter­
bank^

$10,102
9,546
8,956
8,561
7,788
6,895
5,786

$3,700
3,059
3,318
2,515
1,534
3,164
24,770

$15,132
14,060
12,729
12,291
13,050
12,738
14,142

i Includes pestal savings deposits; prior to Dec. 31, 1947, also includes a small amount of unclassified
deposits.

Chart F.

P e r c e n t a g e I n c r e a s e D u r in g




1951

D e p o s it s , A l l B a n k s

in

B u s in e s s a n d P e r s o n a l

34

FEDERAL DEPOSIT INSURANCE CORPORATION

A substantial proportion of total deposits continued to be held within
a few States. At the end of 1951 banks in New York State alone held a
fourth of total deposits. Almost another fourth was held by banks in
the next three largest banking States—California, Illinois, and Penn­
sylvania, Of these four States, only California experienced a rate of
increase in deposits during 1951 which was greater than the national
average. As indicated in Chart F, every State showed growth in business
and personal deposits in 1951. The largest increases were in the South
and West, and the smallest were scattered among northern States from
Massachusetts to Washington.
Capital accounts. By the end of 1951 total capital accounts of all
banks approached the $15 billion mark. Since 1945 total capital accounts
have increased 40 percent which is almost three times as rapidly as
assets, which increased 14 percent. However, in 1951 the rate of increase
in capital accounts was about the same as that in assets.
A

ssets

and

L ia b il it ie s

of

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

Assets and liabilities of insured commercial banks from 1945 to 1951
are presented in Table 21. These banks include over nine-tenths of all
banks in the United States and possessions, and at the end of 1951
held 87 percent of the assets of all the banks. Since these banks sub­
stantially determine the dimensions of the assets and liabilities of all
banks, attention is focused in this section on banking developments
concerning which data are available only for the insured commercial
banks.
T a b le

21.

A ssets a n d
U n it e d

L ia b il it ie s , I n s u r e d

States an d

C o m m e r c ia l

B anks,

P o s s e s s i o n s , 1 9 4 5 -1 9 5 1

(Amounts in millions)
Dec. 31,
1951

Dec. 30,
1950

Dec. 31,
1949

Dec. 31,
1948

Dec. 31,
1947

Dec. 31,
1946

Dec. 31,
1945

T otal assets.................................... $177,449

Asset, liability, or capital
account item

$166,792

$155,319

$152,163

$152,773

$147,365

$157,582

44,242

39,864

35,222

38,097

36,936

33,704

34,303

60,599

61,047

65,847

61,407

67,960

73,575

88,933

9,016
4,058
57,371
2,163

7,959
4,192
51,809
1,921

6,403
3,574
42,499
1,774

5,511
3,421
41,979
1,748

5,131
3,621
37,592
1,533

4,301
3,593
30,740
1,452

3,875
3,258
25,769
1,444

T otal liabilities and capital
a cco u n ts................................. $177,449

Cash and funds due from banks.
United States Government ob­
ligations....................................
Obligations of States and sub­
divisions ...................................
Other securities............................
Loans and discounts—net..........
Miscellaneous assets....................

$166,792

$155,319

$152,163

$152,773

$147,365

$157,582

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

163,172
2,354
11,923

153,498
2,013
11,281

143,194
1,476
10,649

140,683
1,320
10,160

141,889
1,148
9,736

137,029
1,048
9,288

147,811
1,099
8,672

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

13,455

13,446

13,436

13,419

13,403

13,359

13,302

Detailed data for 1950 and 1951: See Table 107, pp. 148-51.




35

ASSETS AND LIABILITIES OF INSURED COMMERCIAL BANKS

Examiners’ appraisal of assets. At the time of examination during
1951 insured commercial banks showed assets of $164 billion. The value
of the assets as appraised by examiners was about $10 million less than
book value. In addition to assets deducted by examiners, $620 million
of assets were classified as substandard. Relative to total assets, sub­
standard assets were the lowest since 1946, and were markedly below
the proportion characteristic of the period prior to 1945. Amounts and
percentages of assets classified as substandard from 1945 to 1951 are
given in Table 22.
Table 22.

S u b s t a n d a r d A s s e t s , I n s u r e d C o m m e r c ia l B a n k s , 1945-19511

Substandard assets

Substandard
loans

Percentage of
Year

1951..............
1950..............
1949..............
1948..............
1947..............
1946..............
1945.............

Amount
(in
millions)3

$ 620
689
762
788
696
526
619

Total
assets

.38%
.45
.51
.53
.48
.36
.45

Total
capital
accounts
5.35%
6.35
7.32
8.00
7.42
6.02
7.58

Substandard
securities2

Amount
(in
millions)

Per­
centage
of total
loans

Amount
(in
millions)

$ 394
445
515
533
422
(4
)
263

.73%
.99
1.26
1.35
1.28
(4
)
1.23

$ 187
202
200
211
231
(4
)
259

Substandard fixed
and misc. assets

Per­
centage Amount
of total
(in
other
millions)
securities
1.52%
1.90
2.22
2.51
2.92
(4
)
4.17

$ 39
42
47
44
44
(4
)
97

Per­
centage
of total
fixed and
misc.
assets
1.19%
1.47
1.65
1.51
1.67
(4
)
4.07

1 Classified at time of examination.
2 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.
3 Components do not necessarily add to the total because of rounding.
4 Data not available.
Detailed data: See Table 108, pp. 154-55.

Improvement in the quality of assets applied to all types of assets.
Substandard loans, which comprised about two-thirds of all substandard
assets, amounted to 0.7 percent of total loans, the lowest percentage for
any year for which comparable data are available. Substandard securities
amounted to 1.5 percent of all securities other than United States Govern­
ment obligations, which was also a smaller percentage than in any previous
year. Only about 1 percent of fixed and miscellaneous assets were classi­
fied substandard, as compared with nearly 25 percent so classified in 1939.
Many banks have provided for possible losses by setting up valuation
reserves for loans and securities, which at the end of 1951 amounted to
$1,073 million. Substandard assets, one of the elements of possible loss
in banking operations, amounted in 1951, according to the examiners’
appraisal, to more than one-half of such reserves. Substandard assets in
1951 amounted to 5.4 percent of the total capital accounts of insured
commercial banks, the smallest proportion since 1939. These reserves
and accounts are not, of course, necessarily held by banks whose risk
T
from substandard assets is greatest. Moreover, it is possible that many
assets which now appear sound may be found vulnerable in the future.



36

FEDERAL DEPOSIT INSURANCE CORPORATION

Insured real estate loans. For the first time information concerning
bank holdings of residential real estate loans insured or guaranteed
by Federal Government agencies was obtained in the regular reports
of the banks to supervising agencies. At the end of 1951, over $6 billion,
or 56 percent, of total residential real estate loans held by insured com­
mercial banks was insured or guaranteed. Of these underwritten loans,
$3.4 billion was insured by the Federal Housing Administration and
$2.9 billion was insured or guaranteed by the Veterans Administration.
A special survey as of June 30, 1950, indicated that 51 percent of residen­
tial real estate loans of insured commercial banks was underwritten at
that time. Thus there was a modest increase during the year-and-a-half
interval in the use by these banks of Government insurance or guaranty.
The proportion of home loans at the end of 1951 which was guaranteed
varied considerably among banks in the different States. In general,
banks in the western States had relatively more, and banks in the south­
eastern States relatively less guaranteed loans. The percentage of total
bank holdings of residential real estate loans insured or guaranteed
ranged downward from 84 percent in Idaho to 20 percent in Mississippi.
These percentages and the rates of increase in residential loans from
1945 to 1951 are shown by States in Chart G.
T a b le

23.

M a t u r it ie s

of

Insured

U n it e d

St ate s

C o m m e r c ia l

G overnment

O b l ig a t io n s

H eld

by

B a n k s , 1 9 4 -5 -1 9 5 1

Marketable issues
Direct
Dec.
31

Total

Guar­
anteed
issues

Bonds maturing in—

.2

Bills1

Amount (in millions)
$7,223
1951 $60,599
4,122
1950 61,047
3,692
1949 65,847
2,822
1948 61,407
2,124
1947 67,960
1,272
1946 73,575
2,456
1945 88,933
Percentage
distribution
1951 100.0%
1950 100.0
1949 100.0
1948 100.0
1947 100.0
1946 100.0
1945 100.0

11.9%
6.7
5.6
4.6
3.1
1.7
2.8

Certifi­
cates1

Notes1

$ 7,536
1,937
12,488
10,068
7,555
12,293
19,075

12.4%
3.2
19.0
16.4
11.1
16.7
21.5

5 years
or less

5 to 10
years

$11,274
16,774
5,812
3,395
5,920
6,781
16,047

$19,645
22,594
27,278
19,374
18,341
12,728
9,030

$ 7,024
7,737
7,692
15,114

18.6%
27.5
8.8
5.5
8.7
9.2
18.0

32.4%
37.0
41.4
31.6
27.0
17.3
10.2

10 to 20
Over
20 years
years

29,700
32,230

$3,055
2,987
4,461
6,581
7,534
6,597
6,092

$2,335
2,554
2,409
2,059
2,654
3,008
2,787

11.6%
12.7
11.7
24.6
32.7
40.4
36.2

5.1%
4.9
6.8
10.7
11.1
9.0
6.9

3.9%
4.2
3.6
3.4
3.9
4.1
3.1

22,202

Nonmarketable
issues3

$21
11
6
8

14
15
22

(4
)
(4
)
(4
)
(4
)
(4
)
(4
)
(4
)

$2,486
2,331
2,009
1,986
1,616
1,181
1,194

4.1%
3.8
3.1
3.2
2.4
1.6
1.3

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.
4 Less than .05 percent.




ASSETS AND LIABILITIES OF INSURED COMMERCIAL BANKS

Chart G .

In s u re d o r G u a ra n te e d R e s id e n tia l R e a l E s ta te L oans,

D e c e m b e r 3 1 , 1 9 5 1 , a n d I n c r e a s e in R e s i d e n t i a l R e a l E s t a t e L o a n s ,
1 9 4 5 t o 1 9 5 1 , I n s u r e d C o m m e r c ia l B a n k s

PER C EN TA G E OF R E S ID E N T IA L R E A L ESTA TE
LOANS IN S U R E D OR GUARANT EED , 1951




PERCENTAGE IN C R E A S E IN R E S ID E N T IA L
R E A L EST A T E L O A N S , 1945 TO 1951

37

38

FEDERAL DEPOSIT INSURANCE CORPORATION

Maturities of United States Government obligations. Insured
commercial bank holdings of United States Government obligations
declined about $3.6 billion during the first half of 1951; purchases during
the second half raised holdings to $60.6 billion, only slightly below the
level at the beginning of the year. The amount and percentage distribu­
tion by type and maturity of United States Government obligations
held by insured commercial banks from 1945 to 1951 are given in Table 23.
The slight decline in holdings of United States Government obligations
was accompanied by increased investment in short-term issues, carried
out within the framework of Treasury redemptions and offerings. During
the year the Treasury offered certificates of indebtedness for $27 billion
of maturing notes and nearly $4 billion of maturing bonds. These Treasury
operations were reflected in the nearly $6 billion increase in certificates
and an equivalent decline in notes held by insured commercial banks.
At the same time maturities and sales reduced the banks* bond portfolio
by $4 billion, part of the proceeds going into Treasury bills, holdings of
which were $3 billion greater.
Table 24.

C a p it a l A c c o u n t s , I n s u r e d

U n it e d

States an d

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

P o s s e s s io n s ,

1934-1951
Ratio of total
capital accounts to—

Amount (in millions)
Dec. 31

Total
capital
accounts

Common
stock

Preferred
stock,
capital
notes,
and de­
bentures

1951.......................
1950.......................
1949.......................
1948.......................
1947.......................
1946.......................

$11,923
11,281
10,649
10,160
9,736
9,288

$3,631
3,437
3,305
3,163
3,079
2,994

1945.......................
1944.......................
1943.......................
1942.......................
1941.......................
1940.......................

8,672
7,990
7,454
7,056
6,845
6,673

2,837
2,660
2,567
2,506
2,469
2,441

195
252
308
342
380
431

2,563

1939.......................
1938.......................
1937.......................
1936.......................
1935.......................
1934.......................

6,524
6,435
6,404
6,329

2,432
2,428
3,030
3,081
3,300
3,349

482
553
0)
0 )
0)
0)

2,443
2,347
2,268
2,185
1,946
1,915

1

6 ,2 1 0

6,152

$

Surplus

68

82
91
101

116
148

Undivided
profits
and
reserves

$5,504
5,200
4,803
4,504
4,316
4,060

$2,720
2,562
2,450
2,392
2,225
2,086

3,785
3,402
3,090
2,802

1,855
1,676
1,489
1,406
1,308
1,238

2 ,6 8 8

Total
assets

6.7%
6 .8

6.9
6.7
6.4
6.3
5.5
5.9
6 .6

7.4
8.9
9.4

1,167
1,107
1,106
1,063
964

10.3
11.3

888

13.2

1 1 .8

11.3
1 2 .2

Assets
other than
cash and
U. S.
Gov’t,
obligations
16.6%
17.1
19.6
19.3
20.3
23.2
25.2
27.6
28.3
26.0
2 2 .8

24.4
25.4
25.6
25.0
24.6
26.1
26.1

Preferred stock, capital notes, and debentures included with common stock.

Capital accounts. Total capital accounts of insured commercial
banks maintained in 1951 the steady increase they have recorded each
year since the Corporation was organized. During the year they advanced
$0.6 billion to $11.9 billion, yet did not keep pace with the growth in
total assets and deposits. At the end of 1951, the ratio of total capital



ASSETS AND LIABILITIES OF INSURED COMMERCIAL BANKS

39

accounts to total assets was 6.7 percent. On that date the equity of
bank stockholders, relative to bank assets, was only about half what it
was in 1934. A summary of capital accounts and capital ratios from
1934 to 1951 is presented in Table 24.
The geographical distribution of capital ratios in 1951 resembled the
pattern of recent years. As may be noted in Chart H, the highest capital
ratios are in the New England and Middle Atlantic States while the
lowest ratios are in the West. The highest average capital ratio for
insured commercial banks, 9.6 percent in New Hampshire, was more
than twice that of the lowest, 4.4 percent in Montana.
C hart H .

R a t io o f T o t a l C a p it a l A c c o u n t s t o T o t a l A s s e t s ,

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

31, 1951

UNITED STATES AVERAGE 6 .7 %

These averages, of course, conceal wide variations in the capital ratios
of individual banks. The extent of these variations is indicated in Chart I,
in which the banks are grouped according to their individual ratios.
There it is shown that 306 insured commercial banks had capital ratios
of less than 4 percent; at the other extreme, 244 banks had ratios of 15
percent or more. Almost two-thirds of the banks had capital ratios
between 5 and 9 percent.
The preferred stock, capital notes, and debentures of insured commer­
cial banks, held chiefly by the Reconstruction Finance Corporation,
were further reduced in 1951. At the end of the year only $69 million
remained outstanding, and this amount was concentrated in a few banks.



40

FEDERAL DEPOSIT INSURANCE CORPORATION

Chart I.

B anks

G rouped

by

R a t io

T otal

of

A s s e t s , I n s u r e d C o m m e r c ia l

B

C a p it a l

A ccounts

nks,

D ecember

31, 1951

to

T otal

14.0%-14.9%

15.0% or more
1000
1500
N U M B E R OF B A N K S

Income

of

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

Total income of insured commercial banks reached a record high of
$4,564 million in 1951. Net income before income taxes also exceeded
that of any preceding year, but increased Federal and State taxes left
net income after taxes slightly below the 1950 high. Chart J illustrates
the operating experience of the insured commercial banks in 1951.
Total income is computed by adding to total current operating earnings
income of a nonrecurring character, such as transfers from reserve
accounts and profits from the sale of securities. The major components
of total income of insured commercial banks, and the disposition of that
income, are shown in Chart K. Almost three-fourths of the income came
from loans and United States Government obligations. The largest
expense item was wages and salaries.



41

INCOME OF INSURED COMMERCIAL BANKS

C hart

J.

O p e r a t in g

E x p e r ie n c e

of

I nsured

C o m m e r c ia l

B anks,

1950-1951

(In millions of dollars)

TOTAL CURRENT
OPERATING
EA R N IN G S
went up.

2.
CURRENT
OPERATING
EXPEN SES
advanced less
causing...

/
1950

1951

7
.
D IV ID EN D S
to stockholders
were larger
but...

1950

CHARGE-OFFS
increased,
RECOVERIES
declined
resulting in
larger net
charge-offs
in 1951.
1950

1951




1951

42

FEDERAL DEPOSIT INSURANCE CORPORATION

Chart

K .

S o u r c e s a n d D is p o s it io n o f T o t a l I n c o m e
Insured

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

SO URCES

Table 25.

1951

D IS P O S IT IO N

P e r c e n t a g e D is t r ib u t io n o f S o u r c e s a n d D is p o s it io n o f T o t a l I n c o m e ,
I nsured

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

1951

1950

1949

1 0 0 .0 %

1 0 0 .0 %

1 0 0 .0 %

5.5
5.0

48.1
24.3
5.4
5.1

43.6
27.5
5.2
4.7

38.2
32.1
5.3
4.4

1 1 .1

1 1 .2

46.1
26.5
5.3
5.1
11.4

1 1 .8

3.7

5.9

5.6

29.6
8.4

28.8
8 .2

1 .1
2 0 .1

2.7
18.9

8 .6

8 .8
1 0 .2

Item

T otal in c o m e ..............................................
Sources
Loans.........................................................
U. S. Government obligations.................
Other securities.........................................
Service charges on deposit accounts.......
Other current earnings.............................
Recoveries (including transfers from re­
serve accounts and profits on sale of
securities)...............................................
Disposition
Salaries and wages....................................
Interest on deposits..................................
Deposit insurance assessment..................
Other current expenses.............................
Charge-offs (including losses and trans­
fers to reserve accounts).......................
Income taxes.............................................
Dividends on capital.................................
Profits retained in capital accounts........

Detailed data: See Table 111, pp. 162-63.




1945-1951

53.1
2 1 .6

12.3
9.2
10.7

9.3
13.1

1948
1 0 0 .0

%

1947
1 0 0 .0

%

1946

1945

1 0 0 .0 %

1 0 0 .0 %

1 2 .2

29.1
37.3
5.4
3.8
11.9

24.3
37.9
5.6
3.7
11.5

7.2

7.8

12.5

17.0

29.1

28.5
8 .6

19.3

3.0
18.9

28.2
8.9
3.1
18.8

25.4

8 .6
2 .8

23.1
7.8
2.9
17.1

9.9
8.5
9.3
12.5

13.2
7.5
9.0
11.3

8.7
9.0
9.4
13.9

8 .2

3.0
17.3
8 .6

9.9
9.1
18.5

8 .8
1 0 .0

9.2
2 1 .1

43

INCOME OF INSURED COMMERCIAL BANKS

After deducting all expenses, charge-offs and taxes, about a fifth of
total income remained as net profits. Percentage distributions of the
sources and disposition of total income for each year from 1945 to 1951
are shown in Table 25.
Total current operating earnings. Total current operating earnings
in 1951 were $4,395 million, an increase of $464 million over 1950. Almost
90 percent of this increase represented earnings on loans, which rose to
$2,425 million. Interest on United States Government obligations
declined slightly to $984 million. Together, these two items accounted
for almost four-fifths of total current operating earnings. The remaining
one-fifth was made up of interest on other securities, service charges on
depositors’ accounts, and other current operating earnings, all of which
were higher in 1951 than during the previous year. A summary of earnings,
expenses, and profit data of insured commercial banks for each year
from 1945 to 1951 is given in Table 26.
Table 26,

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

P r o f it s , I n su red

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

1934-1951
(In millions)

Year

1951..
1950..
1949..
1948..
1947..
1946..
1945..

Total
current
operating
earnings

Total
current
operating
expenses1

$4,395
3,931
3,607
3,404
3,098
2,863
2,482

$2,701
2,445
2,284
2,164
1,982
1,763
1,523

Chargeoffs in
Net
excess of
current
recoveries
operating and profits
earnings1 on assets
sold2
$1,694
1,486
1,323
1,240
1,116
1 ,1 0 0

959

$226
121

167
219
| 32
1264
2454

Income
taxes3

$560
428
325
276
302
323
299

Net
profits
after
taxes

$908
937
831
745
782
903
905

Cash
dividends
declared
and
interest
paid on
capital
$419
391
354
332
315
299
274

Net
profits
retained
in
capital
accounts
$489
546
477
413
467
604
631

1 Figures for 1934-1941 are estimated 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.
4 Recoveries and profits on assets sold in excess of charge-offs.
Detailed data: See Table 111, pp. 162-63.

In recent years there has been a marked change in the relative im­
portance of the two largest sources of current operating earnings. In
1945 interest on United States Government obligations accounted for
46 percent of total current operating earnings, while loan income con­
tributed only 29 percent. However, in each of the succeeding years the
relative importance of interest on United States Government obliga­
tions declined while that of loan income increased. In 1951 only 22
percent of total current operating earnings was attributable to United
States Government obligations, whereas 55 percent was composed of
loan income. Chart L shows changes in the relative importance of the
two items since 1945.



44

FEDERAL DEPOSIT INSURANCE CORPORATION

The larger loan income reflects both a greater volume of loans and a
higher average rate of return. Between 1945 and 1951 loans held by
insured commercial banks increased by 132 percent and the average
rate of income on loans went from 3.09 percent to 4.45 percent. In 1951
the major part of the increase in loan income was due to the increase in
the volume of loans. The average rate of income on loans advanced
slightly. The average rates of income on loans and other operating ratios
for the years 1945 to 1951 are given in Table 27.

C hart L.

P r o p o r t io n s o f T o t a l C u r r e n t O p e r a t in g E a r n in g s D e r iv e d F r o m

L o a n s , U S. G o v e r n m e n t O b l ig a t io n s , a n d O t h e r S o u r c e s , I n s u r e d
C o m m e r c ia l B a n k s ,

1945-1951

The average rate of income on loans varied directly with size of bank.
In 1951 banks with deposits of $500,000 or less received a return of 7.19
percent on their loans; the average rate of return declined with increased
size of bank, amounting to 3.56 percent in banks with deposits of more
than $100 million.
The reduced income from United States Government obligations
was due to a reduction in the amount held. The rate of interest received
on these obligations was slightly higher in 1951, averaging 1.65 percent
compared with 1.59 percent in 1950.



45

INCOME OF INSURED COMMERCIAL BANKS

Table 27.

Selected

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

Operating ratio1
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 ac­
counts .........................................................

1951

1 .0 0 %

7.82

1950

.93%
8.51

C o m m e r c ia l

1949

.87%
7.98

1948

.82%
7.49

Banks,

1947

.75%
8 .2 0

1945-1951
1946

.72%
1 0 .0 1

1945

.6 6 %
10.87

3.61

3.55

3.40

3.33

3.31

3.32

3.29

4.21

4.96

4.58

4.16

4.89

6.69

7.58

4.45
Average rate of income on loans.................
1.71
Average rate of income on securities..........
Average interest paid on time and savings
1.03
deposits......................................................
Average service charges to demand deposits
.2 0
Income taxes to net profits before income
taxes........................................................... 38.15

4.34

4.22

1 .6 6

1 .6 8

4.04
1.64

3.79
1.60

3.43
1.56

3.09
1.46

.94
.19

.91
.18

.90
.17

.87
.14

.84

.87

.1 1

.1 0

31.35

28.11

26.98

27.89

26.38

24.80

i For data used in deriving these ratios, see Table 111, pp. 162-63.

Income from securities other than United States Government obliga­
tions increased 10 percent during 1951 to $249 million. These securities
yielded an average return of 1.99 percent in 1951, compared with 2.04
percent in 1950.
Among other items contributing to bank earnings, service charges on
deposit accounts advanced 9 percent in 1951 to $230 million, and earnings
of trust departments in the same period increased by 6 percent to a total
of $192 million. Service charges on deposit accounts have grown steadily
in importance; in 1951 income from such charges averaged $0.20 per
$100 of demand deposits, twice the 1945 average. The $12 million advance
in the earnings of trust departments brought such earnings to the highest
level on record.
All other current operating earnings in 1951, including miscellaneous
service charges, commissions, fees, and rentals, totaled $315 million.
Total current operating expenses. In 1951 total current operating
expenses amounted to $2,701 million, an advance of 11 percent over
1950. Expenditures for wages and salaries, which comprised one-half
of total current operating expenses, increased at the same rate. The
increase in wage and salary payments was the result of higher rates of
pay and a rise of almost 25,000 in the number of officers and employees.
Bank officers earned an average of $6,690 and other employees an average
of $2,671 in 1951, as compared with $6,327 and $2,438 respectively in
1950.
Table 28 shows marked differences in average salaries and wages paid
by banks in various size groups. Average salaries of officers in the largest
size group of banks were more than four times those in the smallest size
group of banks, and average wages of other employees were about twice
as high in the former group of banks as in the latter. However, salaries



46

FEDERAL DEPOSIT INSURANCE CORPORATION

and wages of an unknown number of part-time officers and other em­
ployees are included in the average, and there may be relatively more
part-time employees in small banks than in large banks.
Table 28.

N um ber

and

Insured

C o m m e r c ia l

A verage

Sa l a r y
B anks,

E m ployees,

of

1951

BANKS GROUPED B Y AMOUNT OF DEPOSITS

Number of
employees1

Total salaries
and wages
(in thousands)

Average yearly
salary per—

Size group
Officers

Others

Officers

Others

Officer

Other
em­
ployee1

All insured commercial banks2. . .

72,686

323,643

$486,300

$864,519

$ 6,690

$2,671

Banks with deposits of—3
$500,000 or less...............................
$500,000 to $1,000,000...................
$1 ,0 0 0 , 0 0 0 to $2 ,0 0 0 , 0 0 0 ................
$2,000,000 to $5,000,000................
$5,000,000 to $10,000,000..............
$10,000,000 to $50,000,000............
$50,000,000 to $100,000,000..........
More than $100,000,000.................

806
3,842
8,763
15,520
9,824
13,404
3,898
17,406

457
2,775
9,070
26,936
28,968
69,333
28,640
167,217

1,934
11,642
32,354
72,916
56,783
97,979
33,244
176,641

563
4,022
15,752
54,480
65,297
165,880
69,312
483,957

2,400
3,030
3,692
4,698
5,780
7,310
8,528
10,148

1,232
1,449
1,737
2,023
2,254
2,393
2,420
2,894

1 Includes an unknown number of part-time employees.
2 Data relate to average number of employees of insured commercial banks operating at beginning
and end of year. See Table 113, pp. 166-67 and the corresponding table in the Annual Report of the Cor­
poration for 1950, pp. 254-55.
3 Data relate to number of employees at end of year of insured commercial banks operating through­
out the year, and the banks are grouped according to deposits at end of year. See Table 115, pp. 170-71.
Figures will not add precisely to those given for all insured commercial banks because of the difference
in the character of the data.

Interest paid on savings and time accounts in 1951 totaled $385 million,
the largest amount ever paid by insured commercial banks. This com­
prised about one-seventh of total current operating expenses, a sub­
stantially smaller portion than in pre-war years when higher rates of
interest prevailed. However, the rate of interest paid on such deposits
in 1951, which averaged 1.03 percent, was slightly higher than in the
last few years.
Property and other taxes, except those on net income, advanced 6
percent in 1951 to $136 million. Since 1945 such taxes have risen about
37 percent.
All other operating expenses totaled $830 million. These include such
items as nonrecurring depreciation on fixed assets, rentals, interest on
borrowed money, deposit insurance assessments, and incidental expenses.
Net current operating earnings. The increase in expenses in 1951
was more than offset by the rise in earnings so that net current operating
earnings of the insured commercial banks advanced 14 percent to $1,694
million.



INCOME OF INSURED COMMERCIAL BANKS

47

The rate of net earnings on total assets rose from 0.93 percent in 1950
to 1.00 percent in 1951, the highest since the beginning of deposit in­
surance. The rate varied with size of bank. The average rate of net
earnings was highest for banks in the smallest size group, 1.26 percent
for banks with deposits of $500,000 or less, and declined progressively
with increased size of bank, averaging 0.93 percent for banks with deposits
of more than $100 million.
Charge-offs, recoveries, and transfers to and from reserves.
Income from other than current operations totaled $169 million in
1951, down 31 percent from the preceding year. About one-third of this
income, or $56 million, came from profits on the sale of securities. Re­
coveries on loans and securities previously written off amounted to $39
million and transfers from reserve accounts totaled $40 million. Miscel­
laneous recoveries and profits were $34 million.
Expenses not directly related to current operations of the insured
commercial banks increased in 1951, totaling $395 million. Over half,
or $204 million, represented additions to valuation reserves for loans.
Charge-offs and provision for reserves on securities amounted to $115
million, of which about three-tenths represented additions to valuation
reserves for securities and about seven-tenths consisted of direct losses
for which no reserve had been provided. The net amount of charge-offs
in excess of recoveries and profits on assets sold totaled $226 million in
1951, an advance of almost 87 percent over the preceding year.
By the end of 1951, about 45 percent of all insured commercial banks
had established valuation reserves against loans in accordance with the
December 8, 1947, ruling of the Commissioner of Internal Revenue.
This ruling permits banks to accumulate limited amounts of tax-free
reserves for bad-debt losses on loans. The number of banks making use
of this ruling has increased in each year since 1948, when only 38 percent
of the banks were doing so. The number of banks using the reserve
method and the amount of reserves held, for each of the past four years,
are given in Table 29.
Net profits and their disposition. Notwithstanding the increase
in total current operating expenses and net charge-offs in 1951, the
substantial rise in total current operating earnings gave the insured
commercial banks a record high of $1,468 million of net profits before
taxes. Net profits after taxes were $908 million, down 3 percent from the
peak attained in 1950, but still above the previous highs of 1945 and 1946.
The banks retained $489 million of net profits after taxes as additions
to their capital accounts. Although this was the principal source of
addition to bank equities during the year, it was 10 percent below the
amount of net profits retained in 1950.



48

FEDERAL DEPOSIT INSURANCE CORPORATION

T a b le

in

29.

U s in g

R eserve

I nsured

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

M ethod

of

A c c o u n t in g

for

State s a n d

B ad -D eb t

P o s s e s s io n s ,

L osses o n

L oans

A c c o r d a n c e w i t h R u l i n g o f C o m m i s s i o n e r o f I n t e r n a l R e v e n u e , 1 9 4 8 -1 9 5 1

Banks using reserve method

Total

National
banks
members
F. R.
System

State
banks
members
F. R.
System

Banks
not
members
F. R.
System1

N um ber o f banks:
1951..................................................................
1950..................................................................
1949..................................................................
1948..................................................................

6,013
5,796
5,580
5,123

2,493
2,422
2,336
2,135

962
947
937

2,558
2,427
2,307

888

2 ,1 0 0

Percentage o f banks:
1951..................................................................
1950..................................................................
1949..................................................................
1948..................................................................

45%
43
42
38

50%
49
47
43

51%
50
49
46

39%
37
35
32

$206,270
165,507
132,290
86,928

$80,610
66,285
50,761
34,367

A m ou nt o f reserves, Dec. 31 (in thousands) : 2
1951..................................................................
1950..................................................................
1949..................................................................
1948..................................................................

$716,445
590,560
464,034
320,658

$429,565
358,7683
280,983
199,363

1 Revised data for number of banks for years prior to 1951 and for amount of reserves in 1949.
2 Reserves for bad-debt losses on loans, set up in accordance with the ruling of the Commissioner
of Internal Revenue on December 8 , 1947, comprise the major portion of valuation reserves for loans;
the latter totaled $813,589,000 on December 31, 1951.
3 Revised.

The disposition of net profits after taxes varied with size of bank. On
the average, the smaller banks retained in their capital accounts about
seven-tenths of their net profits after taxes. There was a progressive
decline in this percentage so that banks with deposits of more than $100
million retained in capital accounts, on the average, only two-fifths
of net profits. Chart M illustrates differences in the disposition of net
income after taxes in the insured commercial banks grouped by size.
Lower net profits after taxes did not result in smaller dividends to
stockholders, as dividends and interest on capital advanced 7 percent
over the preceding year to a new high of $419 million. All but $4 million
of this consisted of cash dividends to holders of common stock. This
was the ninth consecutive year in which dividend payments were larger
than in the preceding year.
Variation in net profits by State and size of bank. The rate of
net profits after taxes on total capital accounts for all insured commercial
banks was 7.8 percent. However, considerable variation exists among
different geographical areas and among banks of various size groups.
The 12 States in which the banks averaged a return smaller than the
national average were the six New England States, five middle Atlantic
States, and Wisconsin. All of the 14 States in which the banks averaged
a return of 10 percent or more on total capital accounts were located
west of the Mississippi, or in the South. The rates for each State are
shown in Chart N.



INCOME OF INSURED COMMERCIAL BANKS

Chart

M .

P r o p o r t io n s o f P r o f it s A f t e r T a x e s R e t a in e d in C a p it a l A c c o u n t s ,
1 9 5 1 , I n s u r e d C o m m e r c ia l B a n k s G r o u p e d b y Siz e

C hart N .

R a t e o f N e t P r o f it A f t e r T a x e s o n T o t a l C a p it a l A c c o u n t s ,
I n s u r e d C o m m e r c ia l B a n k s , 1951

|

49

t «>•<>%-12.9%
UNITED ST AT ES AVERAGE 7 . 8 %




50

FEDERAL DEPOSIT INSURANCE CORPORATION

For banks grouped by size, the rate of net profits on total capital
accounts averaged highest for those with deposits of from $1 million to
$2 million. The lowest rate, 7.1 percent, was found in the largest size
group and, in general, the average rate of net profit was smaller the
larger the size group.
The differences among banks in the rate of net profit are in part a
reflection of differences in the relative capital positions of the banks,
but the variation is also related to location and size of bank.
M

utual

Sa v in g s B a n k s

After several years of study by a committee of the National Association
of Supervisors of State Banks and the Federal Deposit Insurance Cor­
poration, a new set of forms for gathering data relating to the condition
and earnings of insured mutual savings banks was made effective in
1951. These forms were designed principally to secure greater accuracy
in the reporting of loss experience and to provide more uniformity of
reporting by the banks operating under various State statutes.
In many respects the uniform statements represent a departure from
previous call report forms. The chief differences between the revised
forms and those which have been used in the past are discussed below.
Copies of the uniform report of condition and report of income and
dividends, as well as detailed instructions for the preparation of the
reports, may be obtained from the Division of Research and Statistics
of the Corporation.
Report of condition. Changes in the report of condition were con­
fined to a revised treatment of the write-down of assets and to more
detailed reporting of real estate loans.
Direct write-downs (except on abandoned assets)1 are now reported
each year on a cumulative basis and are referred to as “ Other asset
valuation provisions.” Instructions for the preparation of the report of
condition suggest that banks establish a continuous accounting control
of write-downs of book assets on a basis comparable with prevailing
treatment of valuation reserves. In the case of real estate owned, other
than bank premises, the amount of write-down is the difference between
book value and bank investment cost, the latter being the mortgage
principal at acquisition, plus property additions and betterments. On
securities the amount of “ Other asset valuation provision” is the amount
of write-down below par value when bought at a premium, and below
cost when bought at a discount (any charge-off of premium is considered
as a nonrecurring expense item).
1 Abandonment is considered to be a decision to take no further steps in the collection and protection
of the investment and to regard as contingent any possible realization. Such decision is ordinarily ac­
companied by the write-down of the asset to nominal value and transfer from the asset category to
miscellaneous assets.




MUTUAL SAYINGS BANKS

51

The new statement also shows additional security data and real
estate mortgage loans by type of contract. The individual security and
loan items are reported gross and the valuation reserves and “ Other
asset valuation provisions” (direct write-downs, except on abandoned
assets) are deducted from the book value of the relevant groups of assets.
Report of income and dividends. The objective of the treatment
of profit and loss called for in the report is to separate profits and losses
actually received or sustained from charges and credits representing
merely the adjustment of book value without disposal of the asset.
The report further distinguishes between actual realized profits and
losses on assets disposed of during the period on which: (a) no previous
loss provision had been made; and (b) previous loss provision had been
made by valuation reserves or write-downs. By “ actual realized profit
or loss” is meant the profit or loss based on the amount of “ bank in­
vestment” (unpaid balance of investment as adjusted only for normal
amortization or depreciation). The charge for realized loss at abandon­
ment of an asset is to be made to the profit and loss account or to the
“ valuation adjustment provisions,” whichever is applicable.
To accomplish the above objective, all realized losses for which previous
loss provision has been made either by establishment of valuation re­
serves or by direct write-down of assets (except on abandoned assets)
are reported in a section entitled “ Reconcilement of valuation adjustment
provisions.” Realized losses (at actual disposition) for which no previous
loss provision has been made are reflected in the profit and loss section.
Heretofore, loss data on real estate mortgage loans reported to the
Corporation have not been complete. When real estate was foreclosed
it was transferred to an “ Other real estate” account. Losses were thus
recorded as real estate losses which actually represented mortgage loan
losses. Under the new form “ Other real estate” losses are shown sepa­
rately and can be combined with “ Real estate mortgage loan” losses.
To eliminate excessive distortion of current operating income and
expense a number of items are reported net. Thus, mortgage income is
shown net of servicing fees and income on real estate other than bank
building is shown after deduction of expenses. Similarly, the expense item
“ Occupancy, maintenance, etc., of bank premises” is reported net; i.e.,
after deduction of income from expenses.
An “ Employee fringe benefit” item has been provided to cover pen­
sion, hospitalization and group insurance payments, and other employee
ber^fits. This item is considered significant inasmuch as such benefits
are now being provided by a considerable number of banks.
“ Nonrecurring income” and “ Nonrecurring expense” are now shown
separately instead of being included with current income and expense.



52

FEDERAL DEPOSIT INSURANCE CORPORATION

Excess or lump-sum charge-offs of depreciation on fixed assets and of
premium on securities and loans are considered as nonrecurring expense
and do not affect valuation adjustment provisions. Where lump-sum
charge-offs of security premiums have been made or securities are sold
before maturity, adjustments to an amortized basis are required for
report purposes in order to reflect actual profit or loss.
Number, deposits, and assets of all mutual savings banks.
Mutual savings banks, unlike most commercial banks, conduct a special­
ized type of business. Nearly all of their deposits are savings and time
deposits, and their loans and investments are largely in long-term obli­
gations. They are organized on the cooperative principle; depositors
supply the funds and are the beneficiaries of their operations. Mutual
savings banks comprise only 4 percent of all banks in the United States;
but they hold 11 percent of total bank deposits and 35 percent of the
nation’s savings and time deposits.
Chart O .

P ercentage

of

T otal

Bank

D e p o s it s

H eld

by

M utual

Sa v in g s

B a n k s in S t a t e s H a y in g M u t u a l Sa y in g s B a n k s , D e c e m b e r 3 1 , 1951




20

30
PERCENT

53

MUTUAL SAYINGS BANKS

Mutual savings banks are heavily concentrated geographically. All
but 17 of the banks are located in the New England and Middle Atlantic
States. Within this area the savings banks do a sizeable portion of the
total banking business. As shown in Chart O, a fourth to a half of all
bank deposits in each of the New England States and New York State
were in mutual savings banks. These banks in New England and New
York State held three-fourths of the savings and time deposits of all
banks in those States.
Deposits of all mutual savings banks totaled almost $21 billion at the
end of 1951 and their surplus accounts were over $2 billion. Approximately
equal amounts of almost $10 billion were invested in real estate loans
and United States Government obligations, while holdings of other
securities exceeded $2 billion. Assets and liabilities of all mutual savings
banks in the United States from 1945 to 1951 are presented in Table 30.

T a b le

30.

A ssets a n d
U n it e d

L ia b il it ie s o f

States an d

M utual

Sa v in g s

B anks,

P o s s e s s i o n s , 1 9 4 5 -1 9 5 1

(Amounts in millions)

Asset, liability, or capital
account item

Dec. 31,
1951

Dec. 30,
1950

Dec. 31,
1949

Dec. 31,
1948

Dec. 31,
1947

Dec. 31,
1946

Dec. 31,
1945

T otal assets....................................

$23,439

$22,385

$21,493

$20,474

$19,714

$18,704

$17,021

886

797

873

878

886

818

609

11,428

11,476

11,979

11,778

10,673

65
1,653
4,944
187

61
1,339
4,527
181

89
1,166
4,281
203

Cash and funds due from banks.
United States Government ob­
ligations ....................................
Obligations of States and sub­
divisions ....................................
Other securities............................
Real estate and other loans—net.
Miscellaneous assets....................

9,819

1 0 ,8 6 8

147
2,432
9,862
293

88

86

2,253
8,137
242

2,308
6,578

71
2,162
5,686

220

201

Total liabilities and surplus
a cco u n ts.................................

$23,439

$22,385

$21,493

$20,474

$19,714

$18,704

$17,021

Total deposits..............................
Miscellaneous liabilities..............
Surplus accounts..........................

20,915
117
2,407

20,032
106
2,247

19,293
78
2 ,1 2 2

18,405
69
1,999

17,763
62
1,889

16,869
51
1,784

15,385
43
1,593

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

529

529

531

532

533

541i

5421

1 Includes 8 guaranty savings banks in New Hampshire.
Detailed data for 1951: See Table 105, pp. 144-45.

During 1951 there was a noticeable change in type of investment.
While deposits and surplus accounts together increased only 5 percent,
loans advanced 21 percent, reflecting continued acquisition of real*estate
mortgages. This was made possible in part by using proceeds from the
maturity or sale of United States Government obligations, the banks’
holdings of which declined 10 percent during the year. The most pro­
nounced change in 1951 was a 67 percent advance in holdings of obliga­
tions of States and their political subdivisions; even so, such holdings
comprised less than 1 percent of total assets at the end of 1951.



54

FEDERAL DEPOSIT INSURANCE CORPORATION

In sured

M utual

Sa y in g s

B anks

Number, deposits, and assets of insured mutual savings banks.
During 1951 the number of mutual savings banks insured by the Federal
Deposit Insurance Corporation increased by 8 to a total of 202. Four
of the newly insured banks were located in Maryland, and one each in
Connecticut, Maine, Rhode Island, and Washington. These newly
insured banks had deposits of $352 million, accounting for a third of the
$1,048 million increase in deposits of insured mutual savings banks
during the year. Deposits of all insured mutual savings banks totaled
over $15 billion at the end of 1951, comprising 74 percent of deposits in
all mutual savings banks.
The proportion of mutual savings banks insured by the Corporation
varies widely among the States, as shown in Table 31. In eight of the
seventeen States having mutual savings banks all of them are insured
by the Corporation; in three States, on the contrary, none is insured
by the Corporation. Accordingly, comparison of the characteristics of
insured mutual savings banks with noninsured mutual savings banks
reflects also geographic differences. This factor is particularly applicable
to New York State, which has 79 percent of the deposits of insured
mutual savings banks; and to Massachusetts, w^hich has 62 percent of the
deposits of noninsured mutual savings banks.

Table 31.

N um ber

M utual

and

Sa v in g s

D e p o s it s o f I n s u r e d

B anks, by

Total

Insured
banks

Non­
insured
banks

327

$20,915

$15,368

$5,547

25
34

244
286
90
3,412
281
1,392

34

210

Insured

Total

Non­
insured

202

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

529

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

32
34
7
188

7

8

72

3
4

New Y ork...................
New Jersey.................
Pennsylvania..............
Delaware.....................
Maryland....................

130
23
7

130
23
7

9

6

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

3
4
4

3
3
3

7

188
5
68

90
100

77

12,194
663
1,137
90
410

1

1
1

252
32
15
175
19

4

252
45
15
175
19

4

210

210

2

2

3
1
1

Per­
centage
of
banks
insured

Per­
centage
of de­
posits
held by
insured
banks

38%

74%

22

14

100

100

38

36

286
3,412
181
1,315

90
40

6

6

100
100
100

12,194
663
1,137

1 Less than $500,000.
Detailed data: See Table 103, pp. 138-39.




N o n in s u r e d

31, 1951

Deposits (in millions) 1

Number of banks
State

and

Stat e , D ecem b er

100
100
100

13
0

)

67

90

100

370

100

75
75

71
98

100
100
100

100
100
100

INSURED MUTUAL SAVINGS BANKS

55

Information concerning the insurance or guaranty by Federal Govern­
ment agencies of loans held by insured mutual savings banks, as in the
case of insured commercial banks, is now given in the regular reports
of assets and liabilities. At the end of 1951, 53 percent of the residential
real estate loans held by these banks was insured or guaranteed by the
Federal Housing Administration or the Veterans Administration. This
represented an appreciable advance from the 39 percent so underwritten
at the time of the special call of June 30, 1950.
Income of insured mutual savings banks. The income and ex­
penses of insured mutual savings banks in 1951 are shown in Table 32.
About four-fifths of total income was attributable to current operations
and one-fifth to recoveries and other nonrecurrent items. Chart P illus­
trates the sources and disposition of total income. Because of changes
in the way in which income was reported comparison with data of previ­
ous years cannot be made.
T a b le

32.

Sources and

I nsured

D is p o s it io n

M utual

Sources

Sa v in g s

Amount
. (in
millions)

T otal in c o m e ...........................................

$643

Current operating income....................
Real estate mortgaqe loans..................
U. S. Government obligations .
..
Other securities...................................
Other current income..........................
Nonoperating income............................
Nonrecurring income..........................
Realized profits and recoveries1 ..........
Transfers from valuation adjustment
provisions........................................

514
279
171
50
1L
129
21
12
96

of

T otal Incom e,

B a n k s , 1951

Disposition

T otal expenses, dividends, and re­
tained p rofits.................................
Current operating expenses...............
Wages and salaries...........................
Other current expenses......................
State franchise or income taxes........
Dividends and interest on deposits:. .
Nonoperating expenses.......................
Nonrecurring expenses.....................
Realized losses1.................................
Transfers to valuation adjustment
provisions......................................
Net addition to surplus......................

Amount
(in
millions)

$643
107
56
51
6

282
125
25
26
7U
123

1 Excludes recoveries credited and realized losses charged to valuation adjustment provisions.
Detailed data: See Table 118, pp. 184.

The principal sources of current operating income in 1951 were real
estate mortgage loans and United States Government obligations.
Together, these two items provided almost nine-tenths of current
operating income. Income from other securities provided about 10 per­
cent of current operating income. The average rate of income on all
securities was 2.5 percent, up slightly from the preceding year.
Approximately one-half of the current operating expenses of insured
mutual savings banks in 1951 represented wage and salary payments.
The average salary of bank officers was $10,519 while the average wage
of other employees was $3,270. The substantial differences between
the average wage and average salary paid by insured mutual savings
banks and those paid by insured commercial banks are due in part to



56

FEDERAL DEPOSIT INSURANCE CORPORATION

the concentration of insured mutual savings banks in New York, in part to
differences in the average size of the banks, and in part to differences
in the reports respecting part-time employees.
C hart P.

S o u r c e s a n d D is p o s it io n o f T o t a l I n c o m e , I n s u r e d M u t u a l
Sa v in g s B a n k s , 1951

Dividends paid depositors were 9 percent above the 1950 amount
and represented the largest such payment in any year for which com­
parable data are available. These dividend payments, similar to interest
paid by other banks, afforded an average dividend to depositors of 1.9
percent on savings and time deposits. This is slightly more than the
1950 rate and may be compared with 1.0 percent paid on savings and
time deposits by the insured commercial banks.
Additions to surplus accounts, representing income in excess of ex­
penses, provision for losses, and dividends to depositors, amounted to
more than two-fifths of the dividends paid depositors. At the end of
the year the average ratio of total surplus accounts to assets, for the
insured mutual savings banks, was 9.8 percent, up slightly from 9.5
percent at the close of the preceding year.




PART THREE
DEPOSIT ACCOUNTS AND INSURANCE COVERAGE







Sp 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 19, 1951, and followed by one year the Act which increased
individual coverage from $5,000 to $10,000. The last previous call was
a year prior to the increase in coverage.
The reports for September 19, 1951, covered all deposit liabilities of
insured banks.1 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. Outstanding bank drafts, reciprocal demand balances with
other banks, and trust funds deposited in other banks, are included in
the deposit liabilities insured by the Corporation, but are excluded from
the definition of deposits in reports of condition. In addition, numerous
other items, relatively small in amount, are included by the banks in
their deposit liabilities in the reports pertaining to insurance coverage,
but are excluded from deposits in reports of condition.2
On the special call for September 19, 1951, the banks were asked to
report the difference between their total deposit liabilities, including the
foregoing items, and total deposits as defined for reports of condition.
On that date the former exceeded the latter by more than $2 billion,
or 1.5 percent. The two figures, and the reasons for the difference between
them, were reported as follows:
Total deposit liabilities on September 19, 1951....................................
Total deposits (on same date) as defined for reports of condition. .
Deposit liabilities not covered by definition for reports of condition.
Outstanding bank drafts not included with deposits for reports
of condition...................................................................................... ..
Reciprocal portion of demand bank deposits....................................
Trust funds held in cash in own trust department or deposited
in other banks..........................................................................................
Other deposits not included in reports of condition3......................

$170,499 million
168,036
”
2,463
1,285
669
370
139

”
”
”
”

”

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
1 The form and instructions for this report are shown on pp. 113-16.
2 Total deposit liabilities, as reported for the special call, and total deposits as defined for reports
of condition, both differ from deposits as reported by insured banks for computation of the deposit
insurance assessment. For that computation, the banks may exclude from total deposit liabilities certain
types of drafts and cash funds and may deduct reciprocal bank balances, trust funds redeposited in
another bank, and cash items determined by one of two methods. See subsection (a), Section 7, Federal
Deposit Insurance Act, 1950 (Annual Report of the Federal Deposit Insurance Corporation for 1950,
p. 109).
3 Only a small proportion of insured banks reported deposits in this category, but those which did
so listed a large variety of items. Among these were cash items drawn on other offices of the reporting
bank, cashiers’ checks issued for Federal funds purchased, mortgagors’ escrow accounts, income taxes
withheld from nonresident alien trust accounts, overdrafts of foreign banks and others, accounts payable,
deferred credits and suspense items, and dealers’ reserve.




59

60

FEDERAL DEPOSIT INSURANCE CORPORATION

of $10,000 or less and (b) $10,000 for each of the accounts in excess of
that amount. The total thus obtained is referred to here and in the
tables which follow as “ insured deposits/1 However, the amount com­
puted in this way does not conform precisely with the amount of deposits
insured by the Corporation when a bank is placed in receivership. In
an insured bank closed on account of inability to meet the demands of
its depositors, each depositor has insurance protection to a maximum of
$10,000 upon his deposits maintained in the same right and capacity.1
If a depositor has more than one account in one bank, for example a
checking account and a savings account, or an account in each of two
branches of a bank, the accounts are combined in determining what
amount shall be paid to him by the Corporation. The total balances
in all such accounts, after deducting the amount he owes the bank,
if any, is paid up to a maximum of $10,000.
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 deductions have been made for offsetting indebtedness. In conse­
quence, 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. The difference between the number of accounts and the
number of depositors may be considerable, for many owners of savings
and time accounts may also have demand accounts and in some cases
a person may have two accounts of the same type. However, the differ­
ence between the estimate of insured deposits computed without com­
bining accounts, and the figure that would be obtained by combining
accounts, is small.2
A c c o u n ts a n d D e p o sits, A l l

In s u r e d B a n k s, S e p tem b er

19, 1951

On September 19, 1951, the 13,652 insured banks reported 112 million
deposit accounts. Of these, 110 million, or 98.5 percent, had balances of
$10,000 or less and were therefore considered to be fully protected by
deposit insurance. Insured deposits, which include all the deposits in
the fully protected accounts plus $10,000 for each of the remaining ac­
counts, amounted to $93 billion, or 54.3 percent of total deposits.
In Table 33 the total number of accounts, the number of accounts
fully protected, the total amount of deposits, and the amount of insured
1 See subsection (m), Section 3, Federal Deposit Insurance Act, 1950 (Annual Report of the Federal
Deposit Insurance Corporation for 1950, p. 107).
2 On the survey date 95 percent of the demand accounts of individuals, partnerships, and corpora­
tions and 96 percent of the savings and time accounts, had balances of less than $5,000. Consequently,
most persons with an account of each type or two accounts of the same type must have had less than
$1 0 , 0 0 0 in the two accounts taken together.




61

ACCOUNTS AND DEPOSITS, ALL INSURED BANKS

deposits are shown for all insured banks, with the banks grouped in four
ways: by size of bank as measured by deposits, by population of the
center in which the bank or its head office is located, by class of bank,
and by the percentage of deposits insured. The table also gives the same
information regarding number of accounts and amount of deposits for
each of several types of account.

T a b le

33.

N u m b e r o f A c c o u n t s a n d A m o u n t o f D e p o s i t s in
I n s u r e d B a n k s, S e p te m b e r 19, 1951

a l l in s u r e d b a n k s g r o u p e d b y a m o u n t o f d e p o s it s , p o p u l a t io n o f c e n t e r ,

CLASS, AND PROPORTION OF DEPOSITS INSURED,* AND ACCOUNTS GROUPED BY TYPE

Category

Number
of
banks

Number of accounts
(in thousands)
Total

Fully
protected1

Amount of deposits
(in millions)
Total

Insured*

13,652

111,608

109,938

$170,499

$92,531

49
2,300
7,463
3,035
564

17

37
3

17
2,136
20,094
29,467
18,761
21,209
11,855
8,069

19,871
29,096
18,483
20,856
11,552
7,943

9
1,584
18,234
30,570
26,033
40,847
38,528
14,694

9
1,418
14,882
21,709
15,585
20,431
13,126
5,371

Banks in centers with population in
1950 of—
Less than 250.............................................
250 to 1,000...............................................
1,000 to 5,000............................................
5,000 to 25,000..........................................
25,000 to 100,000......................................
100,000 to 500,000....................................
500,000 to 2,500,000.................................
2,500,000 and over...................................

530
3,333
4,781
2,923
1,042
593
269
181

523
4,629
13,631
19,454
16,289
18,814
23,374
14,894

517
4,580
13,471
19,209
16,068
18,510
22,980
14,603

583
4,226
12,978
19,811
19,253
30,273
38,883
44,492

430
3,635
10,473
14,338
12,143
14,823
18,578
18,111

Banks classified as—■
Mutual savings banks...............................
Commercial banks—total.........................
National, members F. R. System..........
State, members F. R. System.................
Not members F. R. System....................

13,451
U,9U0
1,905
6,606

13,401
98,207
53,312
22,536
22,359

13,337
96,601
52,387
22,103
22,111

15,113
155,386
89,967
U,155
21,261*

14,895
77,636
U2,U0U
19,187
16M 5

Banks with percent o f deposits in ­
sured o f3
—
1 0 0 percent................................................
90 to 99 percent........................................
80 to 89 percent........................................
70 to 79 percent........................................
60 to 69 percent........................................
50 to 59 percent........................................
40 to 49 percent........................................
30 to 39 percent........................................
20 to 29 percent........................................
10 to 19 percent.........................................
0 to 9 percent............................................

41
3,273
4,784
3,113
1,426
526
235
143
76
31
4

27
19,566
18,072
19,462
22,534
11,183
6,948
6,965
5,075
1,661
115

27
19,461
17,890
19,221
22,228
10,987
6,811
6,773
4,902
1,542
96

15
19,732
15,606
19,200
24,809
16,666
12,260
18,914
21,358
17,526
4,413

15
19,207
13,189
14,398
15,944
9,205
5,578
6,727
5,434
2,542
292

59,491
44,114
304
124
750
828
5,997

59,135
43,031
229
41
718
807
5,977

49,391
88,887
12,724
13,538
2,356
1,310
2,293

46,425
41,422
1,242
959
874
537
1,072

All insured banks......................................
Banks with deposits o f—•
$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....................
$100,000,000 to $500,000,000..................
$500,000,000 to $2,500,000,000...............
Over $2,500,000,000.................................

Type of accoun t
Deposits of individuals, partnerships,
and corporations:
Savings and time...................................
Demand..................................................
Government deposits................................
Interbank deposits....................................
Uninvested trust funds.............................
Outstanding bank drafts..........................
Other deposits...........................................
1
2

201

201

2 ,1 2 0

Accounts of $10,000 or less.
Deposits in accounts of $10,000 or less, plus $10,000 for each account larger than $10,000.




62

FEDERAL DEPOSIT INSURANCE CORPORATION

Table 34 gives the percentages of the accounts which are fully pro­
tected and which are only partially protected by insurance, and the
percentages of the deposits which are insured and which are not insured,
for the same categories of banks and types of account.
The range in the percentage of accounts fully protected is slight,
regardless of how the banks are grouped. Chart Q shows the percentages
of accounts fully protected and of deposits insured in banks in various
size groups. For banks in every size group, every size of center group,
and every class, 97 percent or more of all accounts had balances of less
than $10,000, and are therefore shown in the table as fully protected.
Even in the banks which have so large a part of their deposits in very
large accounts that less than one-tenth of their deposits are insured,
84 percent of the accounts are fully protected.
C h art

Q.

P r o p o r t io n

of

A ccounts

F ully

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 ,

A l l I n s u r e d B a n k s , b y S iz e o f B a n k , S e p t e m b e r

| A C C O U N T S FULLY PROTECTED

19, 1951

D E P O SIT S IN SU R E D

$500 TO $2,500
M IL L IO N
S IZ E OF B A N K

OVER $2,500
M IL L IO N

(A M O U N T OF D E P O S IT S )

For accounts grouped by type, there is much more range in the per­
centage fully protected. Only one-third of interbank accounts and threefourths of government accounts are fully protected by deposit insurance,
while 99 percent of savings and time accounts of individuals, partnerships,
and corporations, and nearly as high a percentage of their demand
accounts, are fully protected.



63

ACCOUNTS AND DEPOSITS, ALL INSURED BANKS

Table 34.

R a t io s I n d ic a t in g

the

Septem b er

S cope

of

D e p o s it I n s u r a n c e ,

19, 1951

ALL INSURED BANKS GROUPED BY AMOUNT OF DEPOSITS, POPULATION OF CENTER,
CLASS, AND PROPORTION OF DEPOSITS INSURED,' AND ACCOUNTS GROUPED B Y TYPE

Accounts: Percent for
each category—
Category

Fully
protected1

Partially
protected

All insured banks..........................................

98.5%

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........................
$100,000,000 to $500,000,000......................
$500,000,000 to $2,500,000,000...................
Over $2,500,000,000.....................................

99.6
99.3
98.9
98.7
98.5
98.3
97.4
98.4

Banks in centers with population in
1950 of—
Less than 250.................................................
250 to 1,000...................................................
1,000 to 5,000................................................
5,000 to 25,000..............................................
25,000 to 100,000..........................................
100,000 to 500,000........................................
500,000 to 2,500,000.....................................
2,500,000 and over.......................................

98.9
98.9
98.8
98.7
98.6
98.4
98.3
98.0

2 .0

Banks classified as—
Mutual savings banks..................................
Commercial banks—total.............................
National, members F. R. System..............
State, members F. R. System.....................
Not members F. R. System........................

99.5
98.4
98.3
98.1
98.9

1.7
1.9
1.1

Banks with percent of deposits insured
of—
1 0 0 percent....................................................
90 to 99 percent............................................
80 to 89 percent............................................
70 to 79 percent............................................
60 to 69 percent............................................
50 to 59 percent............................................
40 to 49 percent............................................
30 to 39 percent............................................
20 to 29 percent............................................
10 to 19 percent............................................
0 to 9 percent................................................
Type of deposit
Deposits of individuals, partnerships, and
corporations:
Savings and time.......................................
Demand.....................................................
Government deposits....................................
Interbank deposits........................................
Uninvested trust funds.................................
Outstanding bank drafts..............................
Other deposits...............................................

1.5%
.4
.7
1 .1

1.3
1.5
1.7
2 .6
1 .6

1 .1
1 .1
1 .2

1.3
1.4
1 .6

1.7

.5
1 .6

Deposits: Percent for
each category—
Insured2

Not
insured

54.3%

45.7%

95.0
89.5
81.6
71.0
59.9
50.0
34.1
36.6

5.0
10.5
18.4
29.0
40.1
50.0
65.9
63.4

73.7
80.7
72.4
63.1
49.0
47.8
40.7

26.3
14.0
19.3
27.6
36.9
51.0
52.2
59.3

98.6
50.0
k7.1
U3.5
75.5

1.4
50.0
52.9
56.5
2^.5

8 6 .0

1 0 0 .0

1 0 0 .0

.5

99.5
99.0
98.8
98.6
98.3
98.0
97.2
96.6
92.8
83.6

3.4
7.2
16.4

99.4
97.5
75.2
33.3
95.8
97.6
99.7

2.5
24.8
66.7
4.2
2.4
.3

1 .0
1 .2

1.4
1.7
2 .0
2 .8

.6

6 .6

2.7
15.5
25.0
35.7
44.8
54.5
64.4
74.6
85.5
93.4

94.0
46.6
9.8
7.1
37.1
41.0
46.7

53.4
90.2
92.9
62.9
59.0
53.3

97.3
84.5
75.0
64.3
55.2
45.5
35.6
25.4
14.5

6 .0

1 Accounts of $10,000 or less.
2 Deposits in accounts of $1 0 , 0 0 0 or less, plus $10,000 for each account larger than $10,000.
Note: All percentages are computed from original data before rounding and may differ from com­
putations based on the rounded figures given in Table 33.

There is far more range in the percentage of deposits insured than
in the percentage of accounts fully protected. This results from the fact
that the accounts with very large balances are concentrated in the large
banks, and that such banks are located in the large cities. The percentage
of deposits insured ranges from 95 percent in the banks with a quarter
million dollars of deposits or less to only 35 percent in those with more



64

FEDERAL DEPOSIT INSURANCE CORPORATION

than half a billion dollars of deposits; and from 86 percent in banks in
places with a population of 250 to 1,000 to 41 percent in banks in the
cities of more than two and a half million. These differences are illustrated
in Chart R. By class of bank, the range in the percentage of deposits
insured is also considerable, varying from less than half of the deposits
in commercial banks which are members of the Federal Reserve System
to three-fourths of the deposits in insured commercial banks which are
not members of the Federal Reserve System and to 99 percent of deposits
in insured mutual savings banks.

C h art R .

P r o p o r t io n o f D e p o s it s I n s u r e d a n d o f A c c o u n t s F u l l y P r o t e c t e d ,
A l l I n s u r e d B a n k s G r o u p e d b y P e r c e n t a g e o f D e p o s it s
I n s u r e d , S e p t e m b e r 19, 1951

20

D EP O S IT S




IN S U R E D

3p

40

50

6p

7p

8p

wzmmr/A

ACCOUNTS FULLY PROTECTED

9(
0

l<j>0

TOTAL B A N K S 13,652

65

ACCOUNTS AND DEPOSITS, ALL INSURED BANKS

By type of deposit account, the range in percentage of deposits insured
is even larger than for the various groups of banks. Nearly half of the
demand deposits of individuals, partnerships, and corporations, and
94 percent of their savings and time deposits, are insured, whereas less
than 10 percent of government and interbank deposits are insured.
About two-fifths of other types of deposits are insured.
Table 35.

R a t io s I n d ic a t in g D is t r i b u t io n o f C o n t in g e n t L ia b i l i t y a n d

C o n c e n t r a t io n o f R is k to t h e F e d e r a l D e p o s it I n s u r a n c e C o r p o r a t io n
S e p t e m b e r 19, 1951
ALL INSURED BANKS GROUPED B Y AMOUNT OF DEPOSITS, POPULATION OF CENTER,
CLASS, AND PROPORTION OF DEPOSITS INSURED,* AND ACCOUNTS GROUPED B Y TYPE

Percentage distribution of—
Category-

All insured ba n ks..........................................

Number
of insured
banks
1 0 0 .0

%

Insured
deposits

1 0 0 .0

%

Number
of
accounts

Total
deposits

1 0 0 .0

%

Banks with deposits o f—
$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........................
$100,000,000 to $500,000,000......................
$500,000,000 to $2,500,000,000...................
Over $2,500,000,000.....................................

2 2 .2

Banks in centers with population in
1950 o f—
Less than 250................................................
250 to 1,000...................................................
1,000 to 5,000................................................
5,000 to 25,000..............................................
25,000 to 100,000..........................................
100,000 to 500,000........................................
500,000 to 2,500,000.....................................
2,500,000 and over.......................................

3.9
24.4
35.0
21.4
7.6
4.4

.5
3.9
11.3
15.5
13.1
16.0

2 .0

2 0 .1

1.3

19.6

26.1

Banks classified as—■
Mutual savings banks..................................
Commercial banks—total............................
National, members F. R. System..............
State, members F. R. System.....................
Not members F. R. System........................

1.5
98.5
36.2
13.9

16.1
83.9
1*5.8
20.7
17.U

8.9
91.1
52.7
25.9
12.5

.3
24.0
35.0

.0 2
2 0 .8

.0 1
1 1 .6

14.2
15.6
17.2
9.9

9.1
11.3
14.5
9.8
7.2

Banks with percent of deposits insured
of—
1 0 0 percent....................................................
90 to 99 percent............................................
80 to 89 percent............................................
70 to 79 percent............................................
60 to 69 percent............................................
50 to 59 percent................... .........................
40 to 49 percent............................................
30 to 39 percent............................................
20 to 29 percent............................................
10 to 19 percent............................................
0 to 9 percent................................................
Type o f deposit
Deposits of individuals, partnerships, and
corporations:
Savings and time.......................................
Demand.....................................................
Government deposits....................................
Interbank deposits........................................
Uninvested trust funds.................................
Outstanding banks drafts.............................
Other deposits...............................................




.4
16.8
54.7
4.1
1.5
.3
.0 2

2 2 .8

10.4
3.9
1.7
1 .1
.6
.2

.03

.0 1

.0 1

1 0 0 .0

%

.0 2

2 2 .1

.9
10.7
17.9
15.3
24.0

1.9
18.0
26.5
16.8
19.0

14.2
5.8

2 2 .6
8 .6

1 0 .6

1.5
16.1
23.5
16.8

6 .0

7.3
5.9
2 .8

.3
2.5
7.6
1 1 .6

11.3
17.8
2 2 .8

1 1 .1

12.5
10.3

7.2

.5
4.1
12.3
17.4
14.6
16.9
20.9
13.3
1 2 .0
8 8 .0

1*7.8
20.2
20.0

.0 2

17.5
16.2
17.4
2 0 .2
1 0 .0
6 .2

6.3
4.6
1.5

.3

2 .6

.1

50.2
44.8
1.3

29.0
52.1
7.5
7.9
1.4

53.3
39.5
.3

1 .0

.9
.6
1 .2

.8

1.3

.1

.7
.7
5.4

FEDERAL DEPOSIT INSURANCE CORPORATION

66

In Table 35 four types of ratios are given which relate to the distribu­
tion of the contingent liability and concentration of the risk which is
incurred by the Corporation in providing deposit insurance. These ratios
show the percentages of the total number of insured banks, total insured
deposits, total deposit liabilities of the insured banks, and total number
of accounts, in the various groups of banks and accounts given in the
preceding tables. The distributions of insured deposits among various
groups of banks and by type of account are shown in Chart S.
C hart S.

P e r c e n t a g e D is t r ib u t io n s o f I n s u r e d D e p o s it s , S e p t e m b e r
by

19, 1951,

S iz e o f B a n k , P o p u l a t io n o f C e n t e r , C l a s s o f B a n k ,
and

T ype of A ccount

IN BANKS WITH DEPOSITS OF
$1 MILLION
$25 M ILLION TO $ 5 0 0 M ILLIO N

Mil M O N TO 4 9 * M il I lAM

i 0R L E SS .

IN ACCOUNTS OF
SA V IN G S

IN D IV ID U A LS,
AND T IM E

P A R T N E R S H IP S , AND CORPORATIONS
,
D E M AN D

Nearly 6 percent of total insured deposits are in the three largest
insured banks. Slightly more than 42 percent of all insured deposits are
in less than 2 percent of the banks, those with deposits of more than
$100 million each. There is also a concentration of insured deposits in
the large cities. One-fifth of all insured deposits are in the banks located
in the two cities with more than two and a half million population.
There is also a concentration of insured deposits in banks which
are not subject to regular examination by the Corporation. Two-thirds
of the insured deposits are in banks which are members of the Federal
Reserve System: these banks are not examined by the Corporation except
in unusual circumstances.



ACCOUNTS AND DEPOSITS, ALL INSURED BANKS

67

The risks of the Corporation are not always in direct proportion to
the amount of insured deposits. Banks with a large proportion of their
deposits uninsured generally hold large amounts of interbank deposits: a
receivership of such a bank.will cause difficulties in other banks and
thus is likely to result in more loss to the Corporation than failure of a
smaller bank with the same amount of insured deposits. Consequently,
the distribution of total deposits in insured banks has an important
bearing on the potential liability and risk of the Corporation. Total
deposits are more highly concentrated than insured deposits in the large
banks, in banks in large cities, and in the banks w^hich are not regularly
examined by the Corporation.
The distributions of total deposits and of insured deposits also differ
when deposits are classified by type of account. One-half of the insured
deposits are in the savings and time accounts of individuals, partnerships,
and corporations, though only three-tenths of total deposits are of this
type. More than half of all deposits are in the demand accounts of in­
dividuals, partnerships, and corporations, but somewhat less than half
of the insured deposits. Government and interbank deposits, taken
together, make up 15 percent of all deposits, but the insured portions
of these accounts are only 2 percent of total insured deposits.
Distributions of the total number of deposit accounts among the
various groups of banks indicate the relative number of depositors whose
accounts are fully or partially protected. The accounts show less con­
centration in the large banks and the large cities than the total deposits
or the insured deposits.
Im pact

of

In cr ease

in

Insurance C overage

In the special call in 1951 and in four previous calls (1938, 1941, 1945,
and 1949) information regarding the number of accounts and the amount
of deposits was obtained for four size-groups of accounts: accounts of
$5,000 or less, $5,000 to $10,000, $10,000 to $25,000, and more than
$25,000. In the calls prior to 1951 the purpose of obtaining information
for accounts from $5,000 to $10,000 and for accounts from $10,000 to
$25,000 was to provide a basis for estimating the effect of increasing
deposit insurance coverage to $10,000 or to $25,000.
Information regarding accounts from $10,000 to $25,0C0 was collected
in 1951 for the same reason as for the previous call dates. However, since
insurance coverage had already been increased to $10,000, information
for accounts under $5,000, and for accounts from $5,000 to $10,000, was
obtained for the purpose of comparing the distribution of deposit ac­
counts by size in 1951 with that for preceding dates. The call in 1951
was made approximately one year after the increase in coverage to
$10,000 and the call in 1949 approximately one year prior to the increase.



68

FEDERAL DEPOSIT INSURANCE CORPORATION

In Table 36 a comparison is made of the number of accounts fully
protected and the amount of insured deposits under coverages of $5,000
and $10,000 for each depositor, as computed from the reports by the
banks for September 19, 1951, and for four preceding special call dates.
In Chart T the amount of insured deposits on each of the special call
dates is shown, together with the estimated amount that would have
been insured in 1951 with $5,000 coverage and the estimated amount
that would have been insured with $10,000 coverage at the time of
preceding call dates.
F u l l y P r o t e c t e d A c c o u n ts a n d In s u r e d D e p o s its U n d e r

T a b le 3 6 .

I n s u r a n c e C o v e r a g e o f $ 5 ,0 0 0 a n d $ 1 0 ,0 0 0 R e s p e c t i v e l y , A l l
In s u r e d B an k s, S p e c ia l C a l l D a te s , 1 938 t o

Item

Sept. 19,
1951

Sept. 30,
1949

Oct. 10,
1945

1951

Sept. 24,
1941

Sept. 21,
1938

Accounts
Number (in thousands):
Total...........................................................
Fully protected with—
$5,000 coverage1 ....................................
$1 0 , 0 0 0 coverage2 ..................................

111,608

104,003

92,334

69,494

62,731

106,640
109,938

99,564
102,559

88,989
91,159

68,165
68,933

61,690
62,299

Percent fully protected with—•
$5,000 coverage.....................................
$1 0 , 0 0 0 coverage...................................

95.5%
98.5

95.7%
98.6

96.4%
98.7

98.1%
99.2

98.3%
99.3

$170,499

$152,667

$140,603

$69,566

$49,224

78,811
92,531

74,533
86,109

65,859
75,169

27,639
31,718

22,610
25,792

46.2%
54.3

48.8%
56.4

46.8%
53.5

39.7%
45.6

45.9%
52.4

3.7%

3.2%

8 .2

3.6
3.6

3.0
3.1

7.6

5.9

2 .2

2.9
3.6

3.3
3.7

Deposits
Amount (in millions):
Total..........................................................
Insured with—
$5,000 coverage.....................................
$1 0 , 0 0 0 coverage...................................
Percent insured with—
$5,000 coverage.....................................
$1 0 , 0 0 0 coverage...................................
Average change per year from pre­
ceding call3
Total number of accounts........................
Accounts fully protected with—
$5,000 coverage.....................................
$1 0 , 0 0 0 coverage...................................
Total deposits............................................
Deposits insured with—
$5,000 coverage.....................................
$1 0 , 0 0 0 coverage...................................

%

3.6%

2.9%

8 .1

3.5
3.6

2.9
(4
)

25.5

13.8

2.9

34.6
34.3

7.4
7.7

4.6
(4
)

This was the maximum insurance for each depositor prior to 1950.
This is the maximum insurance for each depositor in effect since September 21, 1950.
Computed by dividing the percentage change from one call to the next by the number of years
between the call dates. Data for May 13, 1936, used in computing the 1936 to 1938 percentage change
are as follows: total number of accounts, 58,785 thousand; accounts fully protected, 57,817 thousand;
total deposits, $46,168 million; and insured deposits $20,456 million. On the first special call date,
October 1, 1934, total deposits were $37,026 million, and insured deposits $16,455 million.
4 Not available;
1
2
3

The figures for accounts show that with either coverage limit there
would have been an increase in the number of accounts fully protected
from each call date to the next, but a decrease in all cases in the per­
centage of accounts fully protected. When the changes are adjusted for
the number of years intervening between the successive special call



69

IMPACT OF INCREASE IN INSURANCE COVERAGE

dates, the changes from 1949 to 1951, as computed for either coverage
limit, were similar to those during the preceding 4-year period, and to
those during the 3-year period from 1938 to 1941.
The figures for deposits show that with either the $5,000 maximum
or the $10,000 maximum insurance for each depositor the percentage of
deposits insured would have decreased from 1938 to 1941, increased
from 1941 to 1949, and decreased from 1949 to 1951. In 1951, with
$10,000 coverage, 54.3 percent of deposits were insured, which compares
with 56.4 percent that would have been insured in 1949 under this
maximum.

C hart T .

T o t a l a n d I n s u r e d D e p o s it s , S p e c ia l C a l l D a t e s , 1934-1951, a n d
I n s u r e d A m o u n t s w it h C o v e r a g e a t $5,000 a n d a t $10,000

B ILL IO N S OF D O L L A R S

B IL L IO N S OF D O L L A R S

ISO----------------------------- -

---------------------------------- 180

INSURED
__ DEPOSITS _
WITH $10,000
COVERAGE ^

TOTAL D E P O S IT S -* /

------- /
___INSURED_
_
DEPOSITS
WITH $5,000
COVERAGE
INSURED^
DEPOSITS

o-j I
™j
1934

T r1935

i

1936

i
1937

i
1938

1939

i
1940

i
1941

1942

i
1943

i
1944

i
1945

1946

i
1947

i
1948

i
1949

1950

o
1951

Table 37 shows how many additional bank accounts would be fully
protected, and how large an amount of deposits would become insured,
as of the survey date in 1951, by raising the insurance coverage from the
present maximum to $25,000 for each depositor, or to all deposits, and
compares the results with the difference between $5,000 and $10,000
coverage. These effects are shown for all insured banks, and also for
banks grouped by amount of deposits, population of center where located,
and class, and for accounts grouped by type.



70

FEDERAL DEPOSIT INSURANCE CORPORATION

Table 37.
by

C hange
R a is in g

C om pared
DATA FOR SEPTEMBER

in
the

w it h

A ccounts F u lly P rotected
C overage
C hange

19, 1951:

in

$25,000

to

C overage

or

and

to

from

D e p o s it s

I nsured

A l l D e p o s it s ,

$5,000

to

$10,000

ALL INSURED BANKS GROUPED BY AMOUNT OF DEPOSITS,

POPULATION OF CENTER, AND CLASS; AND ACCOUNTS GROUPED B Y TYPE

Number of accounts
(in thousands)

Category-

All insured b a n k s.................
Banks with deposits o f—
$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
$100,000,000-$500,000,000..
$500,000,000-$2,500,000,000
Over $2,500,000,000............

Partially
protected
with
$5,000
coverage
but fully
protected
with
$1 0 , 0 0 0
coverage1

Partially protected
with $1 0 , 0 0 0
coverage which
would be fully
protected with
coverage of—
$25,000

All
deposits

3,298

1,082

1,670

(2
)

(2
)

(2
)

41
469
703
563
862
496
164

Banks in centers with p o p u ­
lation in 1950 o f—
Less than 250.......................
250 to 1,000.........................
1,000 to 5,000......................
5,000 to 25,000.....................
25,000 to 100,000.................
100,000 to 500,000...............
500,000 to 2,500,000...........
2,500,000 and over..............

14
115
336
461
397
490
636
849

Banks classified as—
Mutual savings banks.........
Commercial banks—total...
National, members F. R. S.
State, members F. R. S.. ..
Not members F. R. S........

883
2,415
1,317
59k
50k

T ype o f a c c o u n t....................
Deposits of individuals, part­
nerships, and corporations:
Savings and time.............
Demand............................
Government deposits...........
Interbank deposits...............
Uninvested trust funds.......
Outstanding bank drafts.. .
Other deposits......................

Amount of deposits
(in millions)

2,049
1,149
29
11

25
14
21

13
170
259
180

Not in­
sured
with
$5,000
coverage
but in­
sured
with
$1 0 , 0 0 0
coverage
$13,720
1

Not insured with
$1 0 , 0 0 0 coverage
which would be
insured with
coverage of—

$25,000

All
deposits

$13,953

$77,968

(3
)

(3
)
166
3,352
8,861
10,448
20,416
25,403
9,322

16
223
370
278
353
304
126

148
1,906
3,013
2,312
3,102
2,318
920

6

304
394
291

53
441
1,371
1,989
1,763
2,337
3,044
2,722

1,827
2,682
3,309
2,776

154
591
2,505
5,472
7,110
15,450
20,305
26,381

577
261
182

64
1,606
925
U33
2A8

1,594
12,126
6,86k
3,179
2,083

183
13,770
8,0U0
3,906
1,82k.

218
77,750
U7,563
2k,968
5,219

316
676
29
19
19

356
1,083
75
83
32

4,672
7,669
443
444

11
12

20
21

130
151

1,650
9,632
879
1,091
301
204
196

2,966
47,465
11,482
12,579
1,482
773

210

172
78

4
39
122

174
146
184
252
161
62
1 ,0 2 0

49
160
245
221

211

101

1,572
2,874
2,330
3,150
2,851
1,075

41
319
1,133
1 ,8 6 6

1 ,2 2 1

These are the accounts with balances from $5,000 to $10,000.
Less than 500 accounts.
8 Less than $500,000.
1

2

The reports for September 19, 1951, indicate that over three million
additional accounts were brought under full protection by increasing
the coverage from $5,000 to $10,000. An increase in coverage to $25,000
would add over a million accounts, and full insurance coverage less than
two million accounts, to those fully protected under the present coverage
of $10,000 for each depositor.



71

IMPACT OF INCREASE IN INSURANCE COVERAGE

The effect of raising the insurance coverage is more striking for the
amount of insured deposits than for the number of accounts fully pro­
tected. With $10,000 coverage about $14 billion of deposits were insured
which would have been uninsured with $5,000 coverage. Raising the
coverage to $25,000 would increase the amount of insured deposits by
another $14 billion, while coverage of all deposits would mean an increase
in insured deposits of $78 billion over the amount insured with the
$10,000 maximum.
The distribution by type of account of deposits which would become
insured under coverage of $25,000 or coverage of all deposits differs
considerably from the distribution of the deposits that were insured with
$10,000 coverage but would not have been insured with $5,000 coverage.
Of the $14 billion of deposits insured with the $10,000 coverage but not
with $5,000 coverage, nearly $5 billion was in savings and time accounts,
nearly $8 billion in demand accounts of individuals, partnerships and
corporations, and $1 billion in other types of account. Of the $14 billion
of deposits that would become insured if coverage were increased to
$25,000, less than $2 billion would be in savings and time accounts and
nearly $10 billion in demand accounts of individuals, partnerships, and
corporations.
Chart U .

A ccounts F u lly P r otected

C overage

E ach

for

D e p o s it o r

D e p o s it s , A l l I n s u r e d

ACCOUNTS

FU LLY

and

D e p o s it s I n s u r e d

PROTECTED

D E P O S IT S

M a x im u m

w it h

$5,000, $10,000, $25,000,
B a n k s , S e p t e m b e r 19, 1951

of

and

A ll

IN S U R E O

PERCENT
- m........ .

TT'

FORMER
COVERAGE
OF
$ 5 ,0 0 0

P R ESEN T
COVERAGE
OF
$10,000




WITH
COVERAGE
OF
$25 ,0 0 0

WITH
COVERAGE
OF A L L
D E P O SIT S

COVERAGE
OF
$ 5 ,0 0 0

coverage

co verage

OF

OF
$2 5 ,0 0 0

$ 10,000

co verage

OF A L L
D E P O S IT S

1
00

72

FEDERAL DEPOSIT INSURANCE CORPORATION

Table 38 gives the amount and percentage of deposits which would
be insured, with an insurance maximum of $25,000 or of all deposits, in
comparison with those under the present maximum of $10,000. These
data are shown for all insured banks and for the same groups of banks
and accounts as in the preceding table. The percentages for all insured
banks are shown in Chart U, and also similar percentages had the maxi­
mum coverage been $5,000.
T a b le

38.

D e p o s its In s u r e d

$ 1 0 ,0 0 0 , $ 2 5 ,0 0 0 , a n d

w ith C o v e r a g e s f o r E a c h D e p o s i t o r o f
A l l D e p o s its , S e p te m b e r 19, 1951

ALL INSURED BANKS GROUPED BY AMOUNT OF DEPOSITS, POPULATION
OF CENTER, AND CLASS,* AND ACCOUNTS GROUPED BY TYPE

Deposits (in millions)
insured with coverage of—

Percent of deposits
insured with coverage of—

1

Category
$1 0 ,0 0 0

$25,000

All
deposits

$92,531

$106,483

$170,499

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
$100,000,000-$500,000,000..
$500,000,000-$2,500,000,000
Over $2,500,000,000............

9
1,418
14,882
21,709
15,585
20,431
13,126
5,371

9
1,520
16,453
24,583
17,915
23,580
15,977
6,446

9
1,584
18,234
30,570
26,033
40,847
38,528
14,694

Banks in centers with p o p u ­
lation in 1950 of—
Less than 250.......................
250 to 1,000.........................
1,000 to 5,000......................
5,000 to 25,000....................
25,000 to 100,000.................
100,000 to 500,000...............
500,000 to 2,500,000...........
2,500,000 and over..............

430
3,635
10,473
14,338
12,143
14,823
18,578
18,111

471
3,954
11,605
16,205
13,971
17,504
21,887
2 0 ,8 8 6

583
4,226
12,978
19,811
19,253
30,273
38,883
44,492

14,895
77,636

15,077
91,406
50,UU
23,093
17,869

48,075
51,054

All insured banks.................

Banks classified as—
Mutual savings banks.........
Commercial banks—total. .
National, members F. R. S.
State, members F. R. S .. ..
Not members F. R. S........

19,187
16,0^5

T ype o f accoun t
Deposits of individuals, part­
nerships, and corporations:
Savings and time.............
Demand............................
Government deposits...........
Interbank deposits...............
Uninvested trust funds.......
Outstanding bank drafts. . .
Other deposits......................

46,425
41,422
1,242
959
874
537
1,072

1

2 ,1 2 1

2,050
1,175
741
1,267

$1 0 ,0 0 0

$25,000

All
deposits

54.3%

62.5%

1 0 0 .0

95.0
89.5
81.6
71.0
59.9
50.0
34.1
36.6

99.1
96.0
90.2
80.4
57.7
41.5
43.9

1 0 0 .0
1 0 0 .0
1 0 0 .0
1 0 0 .0
1 0 0 .0
1 0 0 .0
1 0 0 .0
1 0 0 .0

80.7
72.4
63.1
49.0
47.8
40.7

80.7
93.6
89.4
81.8
72.6
57.8
56.3
46.9

1 0 0 .0
1 0 0 .0
1 0 0 .0
1 0 0 .0
1 0 0 .0
1 0 0 .0
1 0 0 .0
1 0 0 .0

15,113
155,386
89,967
U,155
21,26U

98.6
50.0
U7.1
US.5
75.5

99.8
58.8
56.1
52.3
8U.0

100.0
100.0
100.0

49,391
88,887
12,724
13,538
2,356
1,310
2,293

94.0
46.6
9.8
7.1
37.1
41.0
46.8

97.3
57.4
16.7
15.1
49.9
56.6
55.3

1 0 0 .0
1 0 0 .0
1 0 0 .0
1 0 0 .0
1 0 0 .0
1 0 0 .0
1 0 0 .0

73.7
8 6 .0

6 8 .8

%

1 0 0 .0
1 0 0 .0

Percentages computed from original figures before rounding.

A change in coverage to $25,000 for each depositor would increase
the proportion of all deposits insured from 54.3 to 62.5 percent. The
effect of such an increase would be relatively greater in the larger banks
than in the smaller banks, and in banks in large cities than in those in
smaller places. It would be much more important in commercial banks



73

IMPACT OF INCREASE IN INSURANCE COVERAGE

than in mutual savings banks, and far more important for deposits in
demand accounts than for those in savings and time accounts. These
differences in the impact of raising the insurance coverage would be
even more striking with an increase in coverage to all deposits.
C h a n g in g

D

is t r ib u t io n s
and

of

D

Insured

B anks

1934

e p o s it s ,

to

and

T

h e ir

A

ccounts

1951

The data reported by insured banks for the special calls provide
information regarding the distribution of banks and of their accounts
and deposits that is not elsewhere available. A comparison of these
distributions at the special call dates since the beginning of deposit
insurance reveals trends in the operations of the banking system which
are not shown by information derived from any other source.
Since 1934 there has been a large shift in the distribution of all banks
and of insured banks by size, as measured by the amount of their de­
posits. The extent of this shift, as recorded at the seven special call
dates from 1934 to 1951, is shown in Table 39, particularly by the contrast
between the distributions in 1934 and in 1951.
T a b le

39.

N um ber

and

Percentage

D is t r ib u t io n

S p e c ia l C a l l D a t e s , 1 9 3 4 to

of

Insured

Banks,

1951

ALL INSURED BANKS GROUPED B Y AMOUNT OF DEPOSITS AND CLASS

Category

All insured ba n k s...........
Num ber with deposits
of—
$250,000 or less..................
$250,000 to $1,000,000___
$5,000,000 to $25,000,000.
$25,000,000-$100,000,000..
Over $100,000,000.............
P ercentage distribution
— total
Banks w ith deposits o f—
$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-$100,000,000..
Over $100,000,000.............
N um ber classified as—
Mutual savings banks. . .
Commercial banks— total
National, members F.R.
System.....................
State, members F. R. S.
Not members F. R. S ...
Percentage classified a sMutual savings banks---Commercial banks—total
National, members F.R.
System.....................
State, members F. R. S.
Not members F. R. S...




Sept. 19, Sept. 30,
1949
1951
13,652

13,631

Oct. 10,
1945

Sept. 24, Sept. 21,
1941
1938

13,481

13,487

49
77
89
2,300
2,477
2,901
$1,000,000 to $5,000,000. .
2,812
3,035
2,476
564
501
450 |
241
195
213
1 0 0 .0

%

1 0 0 .0

.4
16.8
54.7

18.2
55.4

2 2 .2

2 0 .6

4.1

%

3.7
1.5

1 .8

.6

1 0 0 .0

%

.7
21.5
54.7
18.4
3.3
1.4

13,754

1,838
6,219
7,463
963
290

3,163
6,124
3,483
7,551
758
226

1 0 0 .0

%

13.6
46.1
31.0
7.1
}

2 .2

1 0 0 .0

%

May 13,
1936

Oct. 1,
1934

14,148

14,128

3,954
6,060
3,231
7,370
694
209 |
1 0 0 .0

%

%

36.2
39.3
19.2

2 2 .8

4.9
1.5

754

1 0 0 .0

28.0
42.8

23.0
44.5
25.3
5.5
1.7

5,109
5,546
2,719
4,177

I
J

5.3

13,451

191
13,440

192
13,289

53
13,434

49
13,705

56
14,092

14,060

kf9k0
1,905
6,606

k,983
1,917
6,5U0

5,01k
1,8J+6
6,k29

5,125
1,U68
6,8!>1

5,239
1,101
7,365

5,367
1,01k
7,711

5,k51
970
7,639

1.5%
98.5

1.4%
98.6

1.4%
98.6

.4%
99.6

•4%
99.6

.4%
99.6

•5%
99.5

36.2
13.9
U8.U

36.5
U.1
1>8.0

37.2
13.7
U7.7

38.0
10.9
50.7

38.1
8.0
53.5

37.9
7.2
5k.5

38.6
6.9
5k.O

201

68

74

FEDERAL DEPOSIT INSURANCE CORPORATION

In 1934 more than 75 percent of the banks had deposits of $1 million
or less, and only 5 percent had deposits of more than $5 million. In 1951
only 17 percent had deposits of $1 million or less and 28 percent had
more than $5 million of deposits.
Chart V shows the total number of accounts, the number per 100
population, and the average size of account for each of the special call
dates from 1936 to 19511
.
C h art

V.

T o t a l N um ber o f A ccou n ts, A cco u n ts P e r

100

P o p u la tio n , a n d

A v e r a g e S iz e o f A c c o u n t , A l l 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 , 1 9 3 6 -1 9 5 1

N U M B E R OF A CCO U N T S
( IN M I L L I O N S )

N U M B E R OF A C C O U N T S
( IN M I L L I O N S )

,2 5 --------------------------------

----------------------------------125

-100

-7 5

-5 0

-2 5

I

|

)rm n-------11938 i 1939 i 1940
"
i
1936 1937
ACCOU N TS P ER
100 POPULATION
80

----------

A VERAG E S IZ E
OF A CCOU N T

I

ZT
1941

1942

1943

1944

1945

i------ 1
------1
------ r
1946

1947

1948

rO
1949

1950

1951

ACCOUNTS PER
100 P O P U L A T IO N
------------------------ 6 0

A V E R A G E S IZ E
O F ACCOUNT

1 In October 1934, insured banks reported the amount of their insured deposits, and the number of
depositors. Accounts belonging to a single depositor in the same right and capacity were combined, so
that the total number of accounts was not obtained.




75

DISTRIBUTIONS OF BANKS AND THEIR ACCOUNTS

At the survey date in 1951, insured banks reported a total of 112
million deposit accounts. This is an increase of 90 percent since May 1936,
the earliest date for which a comparable figure is available. The figures
for these dates, and for the intervening special call dates, are given in
Table 40. This table also gives a classification of accounts by type, with
the aggregate deposits in the accounts, the number of accounts per 100
population, and the average size of account.

T a b le

40.

N u m b er o f A c c o u n t s , A m o u n t o f D e p o s its , A c c o u n t s P e r 100

P o p u l a t i o n , a n d A v e r a g e S iz e o f A c c o u n t , A l l I n s u r e d B a n k s ,
S p e c ia l C a l l D a te s , 1936 t o

1951

B Y TYPE OF ACCOUNT

Category

Number of accounts— total
(in thousands)..................
Accounts of individuals, part­
nerships, and corporations:
Savings and time...............
Demand..............................
Government accounts...........
Interbank accounts................
Other accounts1 ......................
Percent of total accounts. .
Accounts of individuals, part­
nerships, and corporations:
Savings and time...............
Demand..............................
Government accounts...........
Interbank accounts................
Other accounts1 ......................
Amount of deposits— total
(in millions)......................
Accounts of individuals, part­
nerships, and corporations:
Savings and time...............
Demand..............................
Government deposits.............
Interbank deposits.................
Other deposits1 .......................
Percent of total deposits. .
Accounts of individuals, part­
nerships, and corporations:
Savings and time...............
Demand..............................
Government deposits............
Interbank deposits.................
Other deposits1 .......................
Number of accounts per 100
population—total.........
Accounts of individuals, part­
nerships, and corporations:
Savings and time...............
Demand..............................
All other accounts.................
Average size—all accounts.
Accounts of individuals, part­
nerships, and corporations:
Savings and time...............
D em an d .............................
Government deposits............
Interbank deposits.................
Other deposits1 .......................

Sept. 19,
1951

Sept. 30,
1949

111,608

104,003

59,491
44,114
304
124
7,575

Sept. 24,
1941

Sept, 21,
1938

92,334

69,494

62,731

58,785

56,971
40,699
293
127
5,913

51,509
35,622
292
103
4,808

39,875
26,293
274
104
2,948

35,630
23,772
267
97
2,965

33,915
22,109
259
115
2,387

100.0%

100.0%

100.0%

100.0%

100.0%

100.0%

53.3
39.5
.3

54.8
39.1
.3

55.8
38.6
.3

57.4
37.8
.4

56.8
37.9
.4

57.7
37.6
.4

.1
6 .8

Oct. 10,
1945

May 13,
1936

.1

.1

.2

.2

.2

5.7

5.2

4.2

4.7

4.1

$170,499

$152,667

$140,603

$69,566

$49,223

$46,168

49,391
88,887
12,724
13,538
5,959

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

38,263
71,887
13,163
12,999
4,291

16,555
34,199
4,999
11,056
2,757

14,611
21,973
3,956
6,798
1,885

13,536
19,738
4,526
6,316
2,052

100.0%

100.0%

100.0%

100.0%

100.0%

100.0%

29.0
52.1
7.5
7.9
3.5

30.7
51.0
7.7
7.4
3.2

27.2
51.1
9.4
9.2
3.1

23.8
49.1
7.2
15.9
4.0

29.7
44.7

29.3
42.8
9.8
13.7
4.4

8 .0

13.8
3.8

71

68

65

51

47

45

38
28
5

37
27
4

36
25
4

29
19
3

27
18

26
17

$1,528

$1,468

$1,523

$1,001

$785

$785

830
2,015
41,855
109,177
787

824
1,911
40,078
89,283
821

743
2,016
45,078
126,204
892

415
1,301
18,245
106,308
935

410
924
14,816
70,082
636

339
892
17,475
54,922
860

2

2

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
deposit accounts not elsewhere classified.




76

FEDERAL DEPOSIT INSURANCE CORPORATION

The number of accounts in insured banks for each 100 of the population
increased from 45 in 1936 to 71 in 1951. More than nine-tenths of all
bank accounts are those of individuals, partnerships, and corporations;
and most of the increase in number of accounts has been in those ac­
counts, divided about equally between demand accounts and savings
and time accounts. Each of these types of account has increased at the
rate of about 1 per 100 population each year.
Taking all accounts together, the average size in 1951 was very nearly
the same as in 1945, and almost twice that in 1936. The same is true of
the demand accounts of individuals, partnerships, and corporations,
which averaged less than a thousand dollars in 1934 and more than two
thousand dollars in 1951 and in 1945. The average size of savings and
time accounts has increased relatively more than that of the demand
accounts, rising from somewhat over three hundred dollars in 1936 to
more than eight hundred dollars in 1951.
The growth in the average size of bank accounts is reflected in a
declining percentage of the insured banks with all deposits or a very
high percentage of them insured, and in an increase in the number and
percentage of banks with a comparatively low percentage of deposits
insured. Table 41 shows the distribution of insured commercial banks
according to the percentage of deposits insured on the special call dates.

T a b le

41.

In s u r e d C o m m e r c ia l B a n k s, S p e c ia l C a l l D a t e s , 19 3 6 t o

1951

b a n k s g r o u p e d b y p e r c e n t a g e o f d e p o s its in s u r e d 1

Percent of
deposits insured

Sept. 19,
1951

Sept. 30,
1949

All ba n k s.................................

13,451

13,440

N um ber o f banks with per­
cent of deposits in ­
sured o f—
1 0 0 percent...........................
90 to 99 percent...................
80 to 89 percent...................
70 to 79 percent...................
60 to 69 percent...................
50 to 59 percent...................
40 to 49 percent...................
30 to 39 percent...................
20 to 29 percent...................
Less than 20 percent...........

41
3,075
4,781
3,113
1,426
526
235
143
76
35

9
755
3,568
4,355
2,773

Percentage d istribution—
t o ta l..................................
1 0 0 percent...........................
90 to 99 percent...................
80 to 89 percent...................
70 to 79 percent...................
60 to 69 percent...................
50 to 59 percent...................
40 to 49 percent...................
30 to 39 percent...................
20 to 29 percent...................
Less than 20 percent...........
1

1 0 0 .0

.3
22.9
35.5
23.2

%

1 ,2 0 1

398
218
103
60
1 0 0 .0
.1

5.6
26.6
32.4

%

Oct. 10,
1945

Sept. 24,
1941
13,434

13,705

14,085

11

228
4,190
4,420
2,431
1,129
512

456
4,602
4,508
2,335
995
395
187
126
59
42

580
4,419
4,362
2,567
1,194
491

1,697
4,729
3,640
1,796
768
300
165
110

73
1 0 0 .0
.1
1 2 .8

%

211

141
108
64
1 0 0 .0

%

1.7
31.2
32.9
18.1
8.4
3.8

3.9
1.7

8.9
3.0

1 .1
.6
.2

1 .6
.8

1 .2
.8

1 .6
1 .0
.8

.4

.5

.5

2 0 .6

$10,000 coverage for each depositor in 1951; $5,000 for the other dates.




May 13,
1936

13,289

35.6
27.4
13.5
5.8
2.3

1 0 .6

Sept. 21,
1938

1 0 0 .0 %

3.3
33.6
32.9
17.0
7.3
2.9
1.4
.9
.4
.3

221

144
67
40
1 0 0 .0

%

4.1
31.3
31.0
18.2
8.5
3.5
1 .6
1 .0

.5
.3

DISTRIBUTIONS OF BANKS AND THEIR ACCOUNTS

77

Some change in the distribution of insured banks according to the
percentage of deposits insured occurred between each of the special
call dates, but the greatest change was from 1941 to 1945.
The change in insurance coverage in 1950 increased the percentage
of banks with a high percentage of their deposits insured, and therefore
tended to reverse the change which had occurred during the war period
in the distribution of banks by percentage of deposits insured. However,
this did not fully restore the prewar situation. In 1951 the percentage of
banks with all deposits insured, and the percentage with more than
90 percent of deposits insured, were smaller than in 1941 or in the early
years of deposit insurance. In 1951, with insurance coverage of $10,000
per depositor, only 23 percent of insured commercial banks had ninetenths or more of their deposits insured, as compared with 33 percent
of such banks in 1941 under $5,000 coverage, and 35 percent in 1936.
In 1951, with $10,000 coverage, only 59 percent of insured commercial
banks had four-fifths or more of their deposits insured; whereas both
in 1941 and in 1936, with $5,000 coverage, 66 percent of the insured
banks had four-fifths or more of their deposits insured.
Deposits in the banking system have quadrupled since deposit in­
surance began on January 1, 1934. However, the total number of banks
is smaller than at that time, and the number of insured banks on the
special call date in 1951 was smaller than on the first such call in October
1934. The number of deposit accounts is now approximately twice the
number at the beginning of deposit insurance.
The largest portion of the increase in total deposits of all banks, and
consequently the greater part of the change in the distribution of insured
banks by size and in the average size of account, occurred between the
special call dates in 1941 and 1945, reflecting the result of the warfinancing process. It was the consequent increase in prices throughout
the economy which made necessary an increase in insurance coverage
if the real protection given bank depositors by deposit insurance was to
be maintained.




D

e t a il e d

T a b le

T ables: D

i s t r i b u t io n

of

A

ccounts

and

D

e p o s it s ,

A

ll

Insured B an k s

A c c o u n t s F u l l y a n d P a r t i a l l y P r o t e c t e d a n d D e p o s its I n s u r e d , S e p te m b e r 19, 1951

42.

00

b a n k s g r o u p e d b y 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 d is t r i c t a n d s t a t e
Percent of
accounts

Number of accounts
FDIC District and State

Insured

Uninsured
Not
In partially in partially Insured
protected
insured
protected
accounts
accounts

Fully
protected1

Partially
protected2

Fully
protected

United States and possessions.

13,652 111,608,248 109,938,178

1,670,070

98.5%

1.5% $170,498,846 $92,530,806 $75,830,106 $16,700,700 $77,968,040

United States...........................

13,638 111,372,243 109,704,513

1,667,730

98.5

1.5

170,252,268

92,404,410

75,727,110

16,677,300

77,847,858

54.3

45.7

Total

Partially
protected

Total

Total
insured

In fully
protected
accounts

54.3%

45.7%

233,665

2,340

99.0

1.0

246,578

126,396

102,996

23,400

120,182

51.3

48.7

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

477
1,127
1,606
1,031
I 961
1,450
1,440
1,484
1,087
1,406
1,094
489

5,752,914
24,992,226
14,795,481
7,959,978
4,842,442
6,437,711
9,421,851
8,239,166
3,377,195
4,183,944
6,354,836
15,250,504

5,669,829
24,643,782
14,588,439
7,864,104
4,768,019
6,341,277
9,295,930
8,076,637
3,327,754
4,106,510
6,235,112
15,020,785

83,085
348,444
207,042
95,874
74,423
96,434
125,921
162,529
49,441
77,434
119,724
229,719

98.6
98.6
98.6
98.8
98.5
98.5
98.7
98.0
98.5
98.1
98.1
98.5

1.4
1.4
1.4

7,950,838
49,737,924
20,327,939
9,049,575
6,031,882
9,025,698
12,424,857
15,487,947
4,582,680
6,335,815
9,958,659
19,585,032

4,098,235
25,280,806
11,501,158
5,131,618
3,446,094
4,785,327
7,579,613
7,603,817
3,018,739
3,537,721
4,904,908
11,642,770

3,267,385
21,796,366
9,430,738
4,172,878
2,701,864
3,820,987
6,320,403
5,978,527
2,524,329
2,763,381
3,707,668
9,345,580

830,850
3,484,440
2,070,420
958,740
744,230
964,340
1,259,210
1,625,290
494,410
774,340
1,197,240
2,297,190

3,852,603
24,457,118
8,826,781
3,917,957
2,585,788
4,240,371
4,845,244
7,884,130
1,563,941
2,798,094
5,053,751
7,942,262

51.5
50.8
56.6
56.7
57.1
53.0
61.0
49.1
65.9
55.8
49.3
59.4

48.5
49.2
43.4
43.3
42.9
47.0
39.0
50.9
34.1
44.2
50.7
40.6

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

226
223
192
146

1,235,899
363,674
687,721
11,553,879
800,021

1,220,126
357,513
677,216
11,381,231
784,124

15,773
6,161
10,505
172,648
15,897

98.7
98.3
98.5
98.5
98.0

1,318,011
483,621
799,871
14,517,236
1,303,018

768,852
298,477
509,074
8,448,535
718,604

611,122
236,867
404,024
6,722,055
559,634

157,730
61,610
105,050
1,726,480
158,970

549,159
185,144
290,797
6,068,701
584,414

58.3
61.7
63.6
58.2
55.1

41.7
38.3
36.4
41.8
44.9

1,313,729
248,980
697,414
1,301,477
1,492,800

18,211
5,053
12,263
27,728
20,784

98.6
98.0
98.3
97.9
98.6

950,706

336

1,331,940
254,033
709,677
1,329,205
1,513,584

42
879
476
605
466

320,509
6,470,638
2,550,950
1,768,528
1,151,776

314,699
6,336,830
2,514,106
1,739,807
1,131,454

5,810
133,808
36,844
28,721
20,322

98.2
97.9
98.6
98.4
98.2

Connecticut............................
Delaware.................................
District of Columbia..............
Florida.....................................
Georgia....................................
Idaho.......................................
Illinois......................................
Indiana....................................
Iowa.........................................
Kansas.....................................




11

95
37
19
201

1 .2

2 .0

1.5
1.9
1.9
1.5
1.3
1.7
1.5
1.5
2 .0

1.4
2 .0

1.7
2 .1

1.4
1 .8
2 .1

1.4
1 .6
1 .8

1,752,360
499,954
1,218,058
2,043,534
1,870,518

569,704
1,208,200
951,968

768,596
161,136
447,074
930,920
744,128

182,110
50,530
122,630
277,280
207,840

801,654
288,288
648,354
835,334
918,550

54.3
42.3
46.8
59.1
50.9

45.7
57.7
53.2
40.9
49.1

437,882
13,161,920
3,372,670
2,326,027
1,582,433

303,803
6,024,371
2,082,394
1,579,446
976,419

245,703
4,686,291
1,713,954
1,292,236
773,199

58,100
1,338,080
368,440
287,210
203,220

134,079
7,137,549
1,290,276
746,581
606,014

69.4
45.8
61.7
67.9
61.7

30.6
54.2
38.3
32.1
38.3

2 1 1 ,6 6 6

CORPORATION

236,005

INSURANCE

14

DEPOSIT

Possessions................................

1.5
1.5
1.3

FEDERAL

Number
of
banks

Percent of
total deposits

Deposits (in thousands)

1.3
1.5
0.9

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

416
663
198
575

4,359,175
2,238,156
763,754
2,794,454
372,692

4,302,591
2,209,264
753,616
2,748,028
364,671

56,584
28,892
10,138
46,426

1.3
1.3
1.3
1.7

8 ,0 2 1

98.7
98.7
98.7
98.3
97.8

Nebraska.................................
Nevada....................................
New Hampshire.....................
New Jersey.............................
New M exico............................

367
58
339
51

855,632
124,309
245,744
5,396,614
277,568

837,267
121,585
242,630
5,339,127
272,925

18,365
2,724
3,114
57,487
4,643

97.9
97.8
98.7
98.9
98.3

2 .1
2 .2

New Y ork...............................
North Carolina.......................
North Dakota........................
Ohio.........................................
Oklahoma................................

743
224
145
652
374

19,161,543
1,519,519
353,485
5,939,994
1,194,238

18,877,143
1,499,295
347,828
5,856,900
1,175,634

284,400
20,224
5,657
83,094
18,604

98.5
98.7
98.4
98.6
98.4

1.5
1.3

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

69
954
14
134
169

1,038,644
8,855,487
720,740
634,304
412,862

1,021,308
8,731,539
713,156
625,064
405,991

17,336
123,948
7,584
9,240
6,871

98.3
98.6
98.9
98.5
98.3

1.7
1.4
1.5
1.7

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

292
867
54
75
313

1,634,828
4,366,637
453,445
467,789
2,173,885

1,612,564
4,278,138
447,873
464,758
2,151,653

22,264
88,499
5,572
3,031
22,232

98.6
98.0
98.8
99.4
99.0

2 .0
1 .2
0 .6
1 .0

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

118
177
548
53

1,703,749
1,048,999
2,511,726
182,277

1,678,956
1,038,364
2,479,233
178,031

24,793
10,635
32,493
4,246

98.5
99.0
98.7
97.7

1.3
2.3

8

Accounts with balances of $10,000 or less.
Accounts with balances of more than $10,000.




1.9

2 .2

1.3
1 .1

1.7

1 .6

1.4
1 .6

1 .1

1.4

1.5
1 .0

938,735
348,991
1,250,657
1,869,880

766,345
663,812
292,781
1,037,857
1,414,640

172,390
204,210
56,210
212,800
455,240

600,752
962,183
132,052
805,742
2,481,664

61.0
47.4
72.5
60.8
43.0

39.0
52.6
27.5
39.2
57.0

5,861,113
3,045,911
799,819
4,642,536
563,371

3,386,727
1,876,830
517,074
2,233,413
376,113

2,820,887
1,587,910
415,694
1,769,153
295,903

565,840
288,920
101,380
464,260
80,210

2,474,386
1,169,081
282,745
2,409,123
187,258

57.8
61.6
64.6
48.1

42.2
38.4
35.4
51.9
33.2

1,375,043
196,017
240,371
5,598,157
362,022

832,047
121,225
159,074
4,011,681
214,105

648,397
93,985
127,934
3,436,811
167,675

183,650
27,240
31,140
574,870
46,430

542,996
74,792
81,297
1,586,476
147,917

60.5
61.8
71.7
59.1

39.5
38.2
33.8
28.3
40.9

43,473,447
1,946,661
448,244
8,248,024
1,804,949

20,977,774
978,952
362,039
4,610,819
833,755

18,133,774
776,712
305,469
3,779,879
647,715

2,844,000
202,240
56,570
830,940
186,040

22,495,673
967,709
86,205
3,637,205
971,194

48.3
50.3
80.8
55.9
46.2

51.7
49.7
19.2
44.1
53.8

1,469,745
12,079,915
769,175
741,980
525,154

972,021
6,890,339
459,043
435,205
403,757

798,661
5,650,859
383,203
342,805
335,047

173,360
1,239,480
75,840
92,400
68,710

497,724
5,189,576
310,132
306,775
121,397

6 6 .1

57.0
59.7
58.7
76.9

33.9
43.0
40.3
41.3
23.1

2,043,804
7,282,811
610,587
356,345
2,108,915

1,104,105
3,524,304
325,401
310,541
1,279,860

881,465
2,639,314
269,681
280,231
1,057,540

222,640
884,990
55,720
30,310
222,320

939,699
3,758,507
285,186
45,804
829,055

54.0
48.4
53.3
87.1
60.7

46.0
51.6
46.7
12.9
39.3

2,273,353
977,562
3,191,074
270,372

1,425,074
617,240
2,110,492
176,896

1,177,144
510,890
1,785,562
134,436

247,930
106,350
324,930
42,460

848,279
360,322
1,080,582
93,476

62.7
63.1

37.3
36.9
33.9
34.6

8 6 8 ,0 2 2

6 6 .8

6 6 .2

6 6 .1

65.4

BANKS

1
2

110

1 .1

1,539,487
1,830,205
481,043
2,056,399
4,351,544

INSURED

98.7
98.5
99.1
98.9
98.1

ALL

17,239
20,421
5,621
21,280
45,524

O
F

1,303,469
1,326,536
597,246
1,852,314
2,338,310

DEPOSITS

1,320,708
1,346,957
602,867
1,873,594
2,383,834

AND

360
165
61
164
174

ACCOUNTS

K entucky................................
Louisiana.................................
M aine......................................
Maryland................................
Massachusetts........................

•F
<
O

T a b le

43.

A c c o u n t s F u l l y a n d P a r t i a l l y P r o t e c t e d an d D e p o s it s I n s u r e d , A l l I n s u r e d B a n k s, S e p te m b e r 19, 1951
B AN K S GROUPED B Y AMOUNT OF DEPOSITS, POPULATION OF CENTER IN WHICH LOCATED,
CLASS, AND PERCENT OF DEPOSITS INSURED; AND ACCOUNTS GROUPED BY TYPE

Percent of
accounts

Number of accounts
Classification

Number
of
banks

Partially
protected2

Fully
protected

13,652 111,608,248 109,938,178

1,670,070

98.5%

Partially
protected

1,609
14,040
54,409
169,009

99.6
99.5
99.2
99.0
98.8

$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........
$100,000,000 to $250,000,000. . . .

1,894
1,141
373
191
147

13,461,064
16,005,757
9,997,876
8,762,921
12,363,272

13,297,137
15,799,414
9,853,537
8,629,697
12,163,684

163,927
206,343
144,339
133,224
199,588

98.8
98.7
98.6
98.5
98.4

$250,000,000 to $500,000,000. . . .
$500,000,000 to $1,000,000,000.. .
$1 ,0 0 0 ,0 0 0 , 0 0 0 to $2,500,000,000
Over $2,500,000,000......................

54
15
3

8,845,892
5,394,742
6,460,607
8,069,271

8,691,935
5,280,322
6.271,315
7,943,426

153,957
114,420
189,292
125,845

98.3
97.9
97.1
98.4

Banks in centers with popu­
lation in 1950 of—
Less than 250
250 to 500
500 to 1,000....................................
1,000 to 2,500.................................
2,500 to 5,000.................................

530
1,235
2,098
3,009
1,772

523,106
1,428,048
3,200,794
7,195,167
6,435,897

517,202
1,413,791
3,166,182
7,113,577
6,357,111

5,904
14,257
34,612
81,590
78,786

98.9
99.0
98.9
98.9
98.8

5.000 to 10,000...............................
10.000 to 25,000.............................
25.000 to 50,000.............................
50.000 to 100,000 ..........................
100.000 to 250,000.........................

1,596
1,327
632
410
376

8,348,795
11,104,780
8,530,837
7,758,590
10,379,358

8,246,754
10,962,313
8,418,262
7,649,675
10,220,564

102,041
142,467
112,575
108,915
158,794

98.8
98.7
98.7
98.6
98.5

1 .2

250.000 to 500,000.........................
500.000 to 1,000,000......................
1,000,000 to 2,500,000..................
2.500.000 and over........................

217
217
52
181

8,434,831
17,887,497
5,486,865
14,893,683

8,289,838
17,597,087
5,383,292
14,602,530

144,993
290,410
103,573
291,153

98.3
98.4
98.1
98.0

1.7

U50

38,268,01*5
11,934,739
2,958,944
2,260,300
1,743,034
1,483,531
1,034,964

37,582,909
11,722,492
2,880,038
2,217,072
1,708,215
1,458,005
1,021,552

685,136
212,247
78,906
43,228
34,819
25,526
13,412

98.2
98.2
97.3
98.1
98.0
98.3
98.7

Federal Reserve Bank of St. Louis

70
34
10
8

18

.4
.5
.8
1 .0
1 .2
1 .2

1.3
1.4
1.5
1 .6

1.7
2 .1

2.9
1 .6

1 .1

1.0
1 .1
1 .1
1 .2

1.3
1.3
1.4
1.5
1 .6

1.9
2 .0

1.8
1.8
2.7
1.9
2 .0

1.7
1.3

54.3%

45.7%

1 0 .8

5.0
8.5

9,006
185,065
1,399,391
4,687,629
13,546,139

8,554
169,343
1,248,882
3,999,204
10,882,427

7,874
153,253
1,108,482
3,455,114
9,192,337

680
16,090
140,400
544,090
1,690,090

452
15,722
150,509
688,425
2,663,712

95.0
91.5
89.2
85.3
80.3

14.7
19.7

13,234,787
17,334,778
12,810,998
13,221,779
22,032,133

9,860,870
11,848,022
8,058,034
7,527,189
11,173,265

8,221,600
9,784,592
6,614,644
6,194,949
9,177,385

1,639,270
2,063,430
1,443,390
1,332,240
1,995,880

3,373,917
5,486,756
4,752,964
5,694,590
10,858,868

74.5
68.3
62.9
56.9
50.7

25.5
31.7
37.1
43.1
49.3

18,814,545
13,748,472
24,780,346
14,693,778

9,257,906
6,513,868
6,611,703
5,371,539

7,718,336
5,369,668
4,718,783
4,113,089

1,539,570
1,144.200
1,892,920
1,258,450

9,556,639
7,234,604
18,168,643
9,322,239

49.2
47.4
26.7
36.6

50.8
52.6
73.3
63.4

583,312
1,271,709
2,954,217
6,715,228
6,262,464

429,696
1,112,694
2,521,988
5,580,257
4,892,508

370,656
970,124
2,175,868
4,764,357
4,104,648

59,040
142,570
346,120
815,900
787,860

153,616
159,015
432,229
1,134,971
1,369,956

73.7
87.5
85.4
83.1
78.1

26.3
12.5
14.6
16.9
21.9

8,214,017
11,596,804
9,584,559
9,668,575
15,668,226

6,193,016
8,145,586
6,398,807
5,744,432
7,851,092

5,172,606
6,720,916
5,273,057
4,655,282
6,263,152

1,020,410
1,424,670
1,125,750
1,089,150
1,587,940

2 ,0 2 1 , 0 0 1

75.4
70.2
59.4
50.1

24.6
29.8
33.2
40.6
49.9

14,604,768
28,552,755
10,330,636
44,491,576

6,971,930
13,631,831
4,946,108
18,110,861

5,522,000
10,727,731
3,910,378
15,199,331

1,449,930
2,904,100
1,035,730
2,911,530

7,632,838
14,920,924
5,384,528
26,380,715

47.7
47.7
47.9
40.7

52.3
52.3
52.1
59.3

83,37U,968
35,526,231
8,965,345
4,218,241
3,089,554
3,022,842
1,356,421

36,688,797
15,019,839
3,091,020
2,017,500
1,576,705
1,351,903
732,956

29,837,^37
12,897,369
2,301,960
1,585,220
1,228,515
1,096,643
598,836

6,851,360
2,122,470
789,060
432,280
348,190
255,260
134,120

U6,686,171
20,506,392
5,874,325
2,200,741
1,512,849
1,670,939
623,465

UU-0
42.3
34.5
47.8
51.0
44.7
54.0

56.0
57.7
65.5
52.2
49.0
55.3
46.0

3,451,218
3,185,752
3,924,143
7,817,134

6 6 .8

CORPORATION

16,903
292,171
1,827,905
5,429,344
14,441,388

111

Uninsured
Not
In partially in partially Insured
insured
protected
protected
accounts
accounts

INSURANCE

16,971
293,780
1,841,945
5,483,753
14,610,397

Banks in cities with -population
of 500,000 or more..............
New York
Chicago...................................
Philadelphia............................
Los Angeles.............................

Detroit
Baltimore................................
http://fraser.stlouisfed.org/

In fully
protected
accounts

DEPOSIT

49
465
1,835
3,202
4,261

22

Total
insured

1.5% $170,498,846 $92,530,806 $75,830,106 $16,700,700 $77,968,040

Banks with deposits of—
$250,000 or less..............................
$250,000 to $500,000.....................
$500,000 to $1,000,000..................
$1 ,0 0 0 , 0 0 0 to $2 ,0 0 0 , 0 0 0 ..............
$2,000,000 to $5,000,000..............

68

Total

FEDERAL

All insured banks.......................

Insured
Fully
protected 1

Total

Percent of
total deposits

Deposits (in thousands)

Cleveland................................
St. Louis.................................
Washington, D . C ..................
Boston.....................................
San Francisco.........................
Pittsburgh...............................

1,477,335
979,089
709,677
547,009
8,407,219
1,003,385

1,453,064
960,778
697,414
524,961
8,294,490
979,872

24,271
18,311
12,263
22,048
112,729
23,513

98.4
98.1
98.3
96.0
98.7
97.7

495,310
447,926
1,116,615
528,071
604,526
472,508

10,118
12,384
13,375
7,641
10,113
10,232

98.0
97.3
98.8
98.6
98.4
97.9

2 .0

11

505,428
460,310
1,129,990
535,712
614,639
482,740

4,940
1,905

53,311,665
22,536,058

52,387,154
22,103,158

924,511
432,900

6,606
201

22,359,606
13,400,919

22,110,727
13,337,139

248,879
63,780

Banks with percent o f de­
posits insured o f—
percent.....................................
90 to 99 percent.............................
80 to 89 percent.............................
70 to 79 percent.............................
60 to 69 percent.............................
50 to 59 percent.............................

41
3,273
4,784
3,113
1,426
526

27,522
19,566,296
18,072,366
19,462,480
22,533,741
11,182,987

27,522
19,460,855
17,890,265
19,220,642
22,227,644
10,987,367

105,441
182,101
241,838
306,097
195,620

99.5
99.0
98.8
98.6
98.3

40 to 49 percent.............................
30 to 39 percent.............................
20 to 29 percent.............................
10 to 19 percent.............................
0 to 9 percent.................................

235
143
76
31
4

6,947,811
6,964,773
5,074,659
1,660,598
115,015

6,811,270
6,773,136
4,902,058
1,541,248
96,171

136,541
191,637
172,601
119,350
18,844

98.0
97.2
96.6
92.8
83.6

3.4
7.2
16.4

44,114,286
59,490,907
124,344
304,343
749,678
827,377
5,997,313

43,030,884
59,135,168
41,415
228,878
717,965
807,247
5,976,621

1,083,402
355,739
82,929
75,465
31,713
20,130
20,692

97.5
99.4
33.3
75.2
95.8
97.6
99.7

66.7
24.8
4.2
2.4
.3




49.3
41.3
46.8
26.5
57.8
36.3

50.7
58.7
53.2
73.5
42.2
63.7

1 .6
2 .1

1,083,309
1,330,482
1,468,751
793,839
1,098,466
987,064

468,991
418,342
1,005,009
274,350
523,189
396,573

367,811
294,502
871,259
197,940
422,059
294,253

101,180
123,840
133,750
76,410
101,130
102,320

614,318
912,140
463,742
519,489
575,277
590,491

43.3
31.4
68.4
34.6
47.6
40.2

31.6
65.4
52.4
59.8

98.3
98.1

1.7
1.9

89,966,840
44,155,388

42,403,977
19,186,920

33,158,867
14,857,920

9,245,110
4,329,000

47,562,863
24,968,468

47.1
43.5

52.9
56.5

98.9
99.5

1 .1

21,263,976
15,112,642

16,045,107
14,894,802

13,556,317
14,257,002

2,488,790
637,800

5,218,869
217,840

75.5
98.6

24.5
1.4

14,568
19,732,503
15,605,602
19,200,320
24,809,067
16,665,592

14,568
19,207,277
13,188,956
14,398,374
15,944,009
9,205,030

14,568
18,152,867
11,367,946
11,979,994
12,883,039
7,248,830

1,054,410
1,821,010
2,418,380
3,060,970
1,956,200

525,226
2,416,646
4,801,946
8,865,058
7,460,562

97.3
84.5
75.0
64.3
55.2

2.7
15.5
25.0
35.7
44.8

12,259,691
18,913,962
21,358,219
17,525,934
4,413,388

5,577,830
6,726,695
5,433,655
2,542,010
292,402

4,212,420
4,810,325
3,707,645
1,348,510
103,962

1,365,410
1,916,370
1,726,010
1,193,500
188,440

6,681,861
12,187,267
15,924,564
14,983,924
4,120,986

45.5
35.6
25.4
14.5
6 .6

54.5
64.4
74.6
85.5
93.4

88,886,801
49,391,086
13,537,874
12,723,608
2,356,129
1,309,906
2,293,442

41,421,741
46,425,335
958,760
1,241,898
874,193
537,057
1,071,822

30,587,721
42,867,945
129,470
487,248
557,063
335,757
864,902

10,834,020
3,557,390
829,290
754,650
317,130
201,300
206,920

47,465,060
2,965,751
12,579,114
11,481,710
1,481,936
772,849
1,221,620

46.6
94.0
7.1
9.8
37.1
41.0
46.7

92.9
90.2
62.9
59.0
53.3

2.7
1 .2

1.4

.5

1 0 0 .0

.5
1 .0
1 .2

1.4
1.7
2 .0
2 .8

2.5
.6

56.7
6 8 .6

1 0 0 .0

53.4
6 .0

IN SU RED

Accounts with balances of $ 1 0 , 0 0 0 or less.
Accounts with balances of more than $1 0 ,0 0 0 .

1,325,994
1,117,713
648,354
1,765,453
4,059,696
1,704,793

ALL

1
2

242,710
183,110
122,630
220,480
1,127,290
235,130

O
F

Type of accoun t
Individual, partnership, and cor­
poration accounts:
Demand......................................
Savings and time.......................
Interbank accounts........................
Government accounts...................
Uninvested trust funds.................
Drafts..............................................
Other items.....................................

6

19

1,044,495
603,227
447,074
414,556
4,433,258
738,460

DEPOSITS

100

10

1,287,205
786,337
569,704
635,036
5,560,548
973,590

1.9
1.7
4.0
1.3
2.3

AND

Class and type of bank
National, members F. R. System.
State, members F. R. System ... .
Commercial, not members F. R.
System........................................
Mutual savings banks...................

19
26

2,613,199
1,904,050
1,218,058
2,400,489
9,620,244
2,678,383

1 .6

ACCOUNTS

Milwaukee..............................
Houston...................................
Buffalo.....................................
New Orleans...........................
Minneapolis............................
Cincinnati...............................

11

31
19
10
12
25

D

e t a il e d

T ables: D

T a b le

44.

is t r ib u t io n

D is t r ib u t io n

of

A

ccounts

of

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

to

S iz e

A

of

ccount

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 C o m m e r c ia l B a n k s , S e p t e m b e r 1 9 , 1 9 5 1

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

Number
of banks

Total

$5,000
or less

$5,000
to
$1 0 ,0 0 0

$1 0 , 0 0 0
to
$25,000

More
than
$25,000

$5,000
or less

$5,000
to
$1 0 , 0 0 0

$1 0 , 0 0 0
to
$25,000

More
than
$25,000

94,185,513

2,415,526

1,020,258

586,032

95.9%

2.5%

1 .0

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

13,437

97,971,324

93,955,157

2,412,217

1,018,746

585,204

95.9

2.5

1 .0

.6

Possessions.............................................

14

236,005

230,356

3,309

1,512

828

97.6

1.4

.6

.4

5,408,867
14,479,356
13,231,791
7,476,620
4,842,442
6,437,711
9,364,666
8,239,166
3,188,303
4,183,944
6,354,836
14,999,627

5,216,235
13,795,269
12,723,933
7,249,470
4,663,613
6,199,766
8,995,978
7,819,717
3,049,787
3,998,602
6,090,118
14,383,025

111,312
374,903
317,308
134,809
104,406
141,511
243,061
256,920
89,887
107,908
144,994
388,507

48,820
174,387
122,127
57,990
48,205
60,124
84,547
106,335
33,141
51,215
74,377
158,990

32,500
134,797
68,423
34,351
26,218
36,310
41,080
56,194
15,488
26,219
45,347
69,105

96.4
95.3
96.2
97.0
96.3
96.3
96.1
94.9
95.7
95.6
95.8
95.9

2 .1
2 .6

.9

.6

1 .2

District 11.............................................
District 12.................................. . . . .

457
974
1,596
1,025
961
1,450
1,434
1,484
1,086
1,406
1,094
484

State
Alabama................................................

226

Arkansas...............................................
California 1............................................
Colorado...............................................

223
192
146

1,235,899
363,674
687,721
11,553,879
800,021

1,197,625
348,001
662,347
11,088,190
761,548

22,501
9,512
14,869
293,041
22,576

10,308
4,287
6,832
121,521
10,562

5,465
1,874
3,673
51,127
5,335

96.9
95.7
96.3
96.0
95.2

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

92
37
19

1,286,377
254,033
709,677
1,329,205
1,513,584

1,242,531
243,084
682,328
1,261,221
1,466,059

26,077
5,896
15,086
40,256
26,741

11,166
3,168
7,415
18,713
12,436

6,603
1,885
4,848
9,015
8,348

96.6
95.7
96.2
94.9
96.9

FDIC D istrict
District 1 ...............................................
District 3 ...............................................
District 4 ...............................................
District 5 ...............................................
District 6 ...............................................
District 8 ...............................................
District 9 ..............................................

11




201

336

2.4

.9

1 .8
2 .2
2 .2
2 .6

.8
1 .0

3.1
2 .8
2 .6

2.3
2 .6

.9
.9
1.3
1 .0
1 .2
1 .2
1 .1

2.5

.8
1 .2
1 .0
1 .0

2 .8

1.3

1 .8
2 .6
2 .2

2.3

.9
1.3

2 .1

1 .0

2 .0

3.0

1.4

1 .8

.8

%

•%
6

.9
.5
.4
.5
.6

.4
.7
.5
.6

.7
.4
.5
.5
.5
.5
.7
.5
.7
.7
.7
.5

CORPORATION

98,207,329

INSURANCE

13,451

DEPOSIT

United States and possessions..............

FEDERAL

Percent of total accounts

Number of accounts
FDIC District and State

10,231
206,222
64,054
50,698
29,305

4,212
85,657
24,634
20,678
13,635

1,598
48,151

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

360
165
54
158
174

1,320,708
1,346,957
554,834
1,390,236
2,383,834

1,275,908
1,301,431
540,292
1,345,865
2,286,490

27,561
25,105
9,211
26,624
51,820

11,388
12,373
3,663
11,184
25,711

5,851
8,048

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

416
662
198
575

4,359,175
2,049,264
763,754
2,794,454
372,692

4,191,149
1,969,735
738,708
2,681,522
351,953

111,442
51,449
14,908
66,506
12,718

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

367
58
316
51

855,632
124,309
245,744
4,611,899
277,568

810,415
117,030
237,947
4,448,087
266,631

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

613
224
145
649
374

9,433,388
1,519,519
353,485
5,661,221
1,194,238

68

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

110

8

947
11

134
169

95.0
94.7
96.0
95.5
95.7

3.2
3.2
2.5
2.9
2.5
2 .1

6,563
19,813

96.6
96.6
97.4
96.8
95.9

37,591
17,895
6,748
28,061
5,756

18,993
10,185
3,390
18,365
2,265

96.1
96.1
96.7
96.0
94.4

2 .6

2.4
3.4

1 .0
1 .6

.6
.6

26,852
4,555
4,683
111,947
6,294

12,492
1,895
2,068
35,693
3,164

5,873
829
1,046
16,172
1,479

94.7
94.1
96.8
96.4
96.1

3.1
3.7
1.9
2.4
2.3

1.5
1.5
.9

.7
.7
.4
.4
.5

8,927,502
1,473,281
335,483
5,441,935
1,152,290

255,124
26,014
12,345
139,000
23,344

134,568
11,961
4,370
51,305
11,633

116,194
8,263
1,287
28,981
6,971

94.7
97.0
94.9
96.1
96.5

2.7
1.7
3.5
2.5
1.9

1.4

1,027,255
7,570,570
577,657
634,304
412,862

978,658
7,281,998
558,661
612,702
392,616

31,345
178,308
11,984
12,362
13,375

11,725
70,822
4,329
5,937
5,120

5,527
39,442
2,683
3,303
1,751

95.3
96.2
96.7
96.6
95.1

3.1
2.4

1,579,989
4,174,055
437,800
350,314
2,114,351

32,575
104,083
10,073
7,537
37,302

13,843
54,553
3,580
1,883
14,593

8,421
33,946
1,992
687
7,639

96.6
95.6
96.6
97.2
97.3

2 .0

1,403,119
1,020,943
2,382,983
172,200

37,889
17,421
67,565
5,831

15,503
6,900
22,322
2,893

7,750
3,735
10,075
1,353

95.8
97.3
96.0
94.5

292
867
54
313

1,634,828
4,366,637
453,445
360,421
2,173,885

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

114
177
545
53

1,464,261
1,048,999
2,482,945
182,277




68

8,043
6,687

1 ,6 6 8

1.9
1.7
1.9
2 .2

2.5
2 .0

2 .1
2 .0

3.2
2.4
2 .2
2 .1

1.7
2 .6

1.7
2.7
3.2

1.3
1.3

.5
.8

1 .0
1 .2
1 .2

.5
.4

.9
.9

.4

.6
.8
1 .1

.3
.5
.8

.9
.9
.9

.4
.5
.4

.8
1 .1

.6

.6

1 .2

1.3
.9

.5
.3
.5

1 .0

.6

1 .1

.5
.5
.5
.5
.4

.8

.9
.7
.9
1.3
.9

.5

1 .2
.8

.8

.5
.7

.2

1 .1

.7
.9
1 .6

.4
.3
.5
.3
.4
.7

BANKS

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

1 2 ,0 1 2

COMMERCIAL

304,468
6,130,608
2,421,846
1,689,109
1,102,149

INSURED

320,509
6,470,638
2,522,546
1,768,528
1,151,776

O
F

42
879
473
605
466

ACCOUNTS

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

T a b le

45.

D i s t r i b u t i o n 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 C o m m e r c i a l B a n k s , S e p t e m b e r 1 9 , 1 9 5 1
B AN KS GROUPED B Y AMOUNT OF DEPOSITS, POPULATION OF CENTER IN WHICH LOCATED,
CLASS, AND PERCENT OF DEPOSITS INSURED; AND ACCOUNTS GROUPED BY TYPE

Number of accounts
Classification

Number
of banks

$5,000
or less

$5,000
to
$ 1 0 ,0 0 0

$1 0 , 0 0 0
to
$25,000

More
than
$25,000

$5,000
or less

98,207,329

94,185,513

2,415,526

1,020,258

586,032

49
465
1,834
3,199
4,241

16,971
293,780
1,841,496
5,477,786
14,526,173

16,706
287,732
1,791,344
5,300,860
14,014,934

197
4,439
36,116
122,549
342,652

60
1,304
11,305
42,741
126,810

305
2,731
11,636
41,777

98.4
97.9
97.3
96.8
96.5

1 ,8 6 6

13,216,259
15,192,721
8,775,958
6,736,688
8,072,674

12,749,683
14,644,300
8,421,986
6,448,621
7,680,917

303,698
345,957
215,768
164,919
212,123

116,470
137,731
89,991
74,319
101,764

46,408
64,733
48,213
48,829
77,870

96.5
96.4
96.0
95.7
95.1

$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..............
$100,000,000 to $250,000,000............

1,095
341
162
120

8

95.9%

2.5%

1.5

.4
.5

2 .0
2 .2

.6
.8

1 .2

2.4

.9

2.3
2.3
2.5
2.5

.9
.9
1 .0
1 .1

%

6
•%

C)
1
.1
.1
.2
.2

.3
.4
.5
.7

1.3

1 .0

2 .8

1.3
1.7

1 .1
1 .2

1.4

2 .0

1 .6
1 .0

96.2
96.5
96.4
96.4
96.4

2.7
2.5
2.5
2.4
2.4

.9
.9
.9

27,947
42,636
35,801
39,329
61,346

96.4
96.4
96.3
96.3
96.1

2.4
2.3
2.3
2.3

1 .0

57,908
104,822
36,057
130,277

95.6
95.9
94.9
93.0

2.5
2.4
3.0
3.4

1.3
1.9

43
18
15
3

6,090,177
3,436,768
6,460,607
8,069,271

5,773,576
3,212,314
6,063,021
7,779,519

171,473
123,434
208,294
163,907

79,957
58,025
101,311
78,470

65,171
42,995
87,981
47,375

94.8
93.5
93.8
96.4

3.6
3.2

Banks in centers with population
in 1950 o f—
Less than 250.......................................
250 to 500.............................................
500 to 1,000..........................................
1,000 to 2,500.......................................
2,500 to 5,000.......................................

530
1,235
2,096
2,999
1,763

523,106
1,428,048
3,192,941
7,132,164
6,376,121

503,373
1,378,483
3,078,599
6,878,317
6,144,844

13,829
35,308
79,761
172,756
152,762

4,443
11,564
27,590
62,835
58,007

1,461
2,693
6,991
18,256
20,508

5,000 to 10,000.....................................
10,000 to 25,000...................................
25,000 to 50,000...................................
50,000 to 100,000.................................
100,000 to 250,000...............................

1,584
1,301
603
400
357

8,230,528
10,770,334
7,920,813
7,415,204
9,586,350

7,935,988
10,384,366
7,629,114
7,143,703
9,217,026

193,011
245,483
182,862
164,081
214,397

73,582
97,849
73,036
68,091
93,581

250,000 to 500,000...............................
500,000 to 1,000,000...........................
1,000,000 to 2,500,000........................
2,500,000 and over..............................

204
204
48
127

7,464,121
16,445,710
4,287,800
7,434,089

7,136,400
15,772,014
4,069,008
6,914,278

188,035
396,218
127,052
249,971

81,778
172,656
55,683
139,563

2 .2

.8
.8

.9
.9
.9
.9
1 .1
1 .1

.6

.3
.2
.2

.3
.3
.3
.4
.5
.6
.6
.8
.6
.8

1.7

CORPORATION

2 .6

$250,000,000 to $500,000,000............
$500,000,000 to $1,000,000,000.........
$1,000,000,000 to $2,500,000,000. . . .
Over $2,500,000,000............................




1 .0

More
than
$25,000

INSURANCE

13,451

Banks with deposits o f—
$250,000 or less....................................
$250,000 to $500,000...........................
$500,000 to $1,000,000........................
$1 ,0 0 0 , 0 0 0 to $2 ,0 0 0 , 0 0 0 ....................
$2,000,000 to $5,000,000....................

$1 0 , 0 0 0
to
$25,000

DEPOSIT

All insured com m ercia l b a n k s.............

$5,000
to
$1 0 ,0 0 0

FEDERAL

Total

Percent of total accounts

1,316,814
594,336
504,376

576,671
260,971
182,616

347,840
171,929
66,263

95.8
95.4
96.6

Banks with percent of deposits in­
sured of—
1 0 0 percent...........................................
90 to 99 percent...................................
80 to 89 percent...................................
70 to 79 percent...................................
60 to 69 percent...................................
50 to 59 percent...................................

41
3,075
4,781
3,113
1,426
526

27,522
6,382,964
17,854,779
19,462,480
22,533,741
11,182,987

27,164
6,201,248
17,257,932
18,761,731
21,714,808
10,701,029

358
138,687
416,114
458,911
512,836
286,338

37,372
140,375
173,194
210,873
125,826

5,657
40,358
68,644
95,224
69,794

98.7
97.1
96.7
96.4
96.4
95.7

235
143
76
31
4

6,947,811
6,964,773
5,074,659
1,660,598
115,015

6,642,640
6,575,604
4,742,329
1,470,981
90,047

168,630
197,532
159,729
70,267
6,124

81,366
105,096
87,542
52,218
6,396

55,175
86,541
85,059
67,132
12,448

44,045,275
46,600,507
124,316
302,567
748,478
682,779
5,703,407

41,812,909
45,140,817
30,414
197,972
691,783
649,758
5,661,860

1,149,092
1,167,089
10,988
29,260
25,008
13,018
21,071

676,401
254,496
18,994
29,008
18,738
10,699
11,922

406,873
38,105
63,920
46,327
12,949
9,304
8,554

40 to 49 percent.
30 to 39 percent.
20 to 29 percent.
10 to 19 percent.
0 to 9 percent.. .
Type of account
Individual, partnership, and corpora­
tion accounts:
Demand............................................
Savings and time.............................
Interbank accounts..............................
Government accounts.........................
Uninvested trust funds.......................
Drafts....................................................
Other items...........................................
1

Less than .05 percent.

8 8 .6

78.3

94.9
96.9
24.5
65.4
92.4
95.2
99.3

2 .6

1 .1
1 .2
.8

.6
.8

.3

1.3
2 .2

2.3
2.3
2.3

.6
.8

.1
.2

.9
.9

.4
.4

2 .6

1 .1

2.4

1 .2

.8

1.5
1.7
3.1
5.6

1.3
1.7
4.1

2 .8

3.1
4.2
5.3

2 .6

1 .6

2.5

.5
15.3
9.6
2.5

8 .8

9.7
3.4
1.9
.4

1 .6
.2

.6

1 0 .8

.9
.1

51.4
15.3
1.7
1.3
.1

B AN KS




95.6
94.4
93.5

2.5
2.3

COMMERCIAL

51,070,340
21,508,822
21,606,351

INSURED

53,311,665
22,536,058
22,359,606

O
F

4,940
1,905
6,606

ACCOUNTS

Glass of bank
National, members F. R . System---State, members F. R . System......... .
Not members F. R. System...............

oo

Ci

00

05
T a b le

46.

D is t r ib u t io n o f D em an d A c c o u n t s o f I n d iv id u a ls , P a r tn 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 i n 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 i a l B a n k s , S e p t e m b e r 1 9 , 1 9 5 1
b a n k s g r o u p e d b y 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 d i s t r i c t a n d s t a t e
Number of accounts of—
Total

$5,000
or less

$5,000
to
$1 0 ,0 0 0

$1 0 , 0 0 0
to
$25,000

More
than
$25,000

$5,000
or less

$5,000
to
$1 0 , 0 0 0

$1 0 , 0 0 0
to
$25,000

More
than
$25,000

1,149,092

676,401

406,873

94.9%

2.6%

1.6%

41,752,969

1,147,628

675,622

406,460

94.9

2.6

1.6

.9

Possessions.......................................................

62,596

59,940

1,464

779

413

95.8

2.3

1.2

.7

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

1,924,554
5,595,959
4,769,157
4,136,981
3,110,060
4,023,737
3,223,073
3,338,671
1,644,191
2,840,593
4,276,271
5,162,028

1,811,074
5,190,693
4,515,337
4,000,564
2,996,822
3,874,349
3,059,244
3,113,441
1,566,297
2,702,958
4,078,262
4,903,868

52,694
179,998
126,813
71,245
61,652
84,565
85,832
118,787
46,415
80,122
106,463
134,506

36,077
125,415
77,943
41,242
34,345
42,159
49,839
68,183
22,244
40,749
59,777
78,428

24,709
99,853
49,064
23,930
17,241
22,664
28,158
38,260
9,235
16,764
31,769
45,226

94.1
92.8
94.7
96.7
96.4
96.3
94.9
93.3
95.3
95.2
95.4
95.0

2.7
3.2
2.7
1.7

1.9

1.3

2 .2
1 .6
1 .0
1 .1
1 .0

1 .8
1 .0
.6

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

819,236
192,325
532,332
3,466,347
431,976

796,276
182,240
514,400
3,293,398
406,074

12,359
5,590
10,562
88,680
14,054

6,989
3,053
5,058
52,448
8,030

3,612
1,442
2,312
31,821
3,818

97.2
94.8
96.6
95.0
94.0

1.5
2.9

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

463,772
137,333
362,742
812,644
916,128

437,805
130,268
343,719
767,307
886,907

12,683
3,475
9,236
24,852
15,134

8,085
2,196
5,765
14,054
8,743

5,199
1,394
4,022
6,431
5,344

94.4
94.9
94.8
94.4
96.8

2.7
2.5
2.5
3.1

1 .8
1 .6
1 .6

1 .6

1 .0




2 .0
2 .1

2.7
3.6
2 .8
2 .8

2.5
2 .6

2 .0
2 .6

3.3

.9%

.5
.6

1.5

.9

2 .0

1 .1
.6
.6

1.3
1.4
1.4
1.5
.9
1 .6
1 .0

1.5
1 .8

1.7

.7
.9
.4
.7
.4
.9
.9
1 .1
1 .0
1 .1
.8
.6

CORPORATION

41,812,909

43,982,679

INSURANCE

44,045,275

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

DEPOSIT

United States and possessions.......................

FEDERAL

FDIC District and State

Percent of total accounts—

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

195,748
2,319,885
1,190,213
1,018,786
823,419

186,129
2,144,432
1,134,922
969,009
786,095

5,616
88,198
30,952
30,589
22,717

2,912
53,687
16,445
14,496
10,739

1,091
33,568
7,894
4,692
3,868

95.1
92.4
95.3
95.1
95.5

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

935,583
670,398
144,023
603,132
873,516

904,375
640,850
136,712
577,878
809,578

19,038
15,270
3,748
12,616
28,614

8,449
9,058
2,393
7,880
20,332

3,721
5,220
1,170
4,758
14,992

96.7
95.6
94.9
95.8
92.7

2 .0

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

1,231,023
891,728
562,052
1,573,179
228,499

1,165,691
854,588
546,332
1,501,592
213,358

31,871
20,732
9,307
39,713
9,002

20,308
10,699
4,559
20,216
4,564

13,153
5,709
1,854
11,658
1,575

94.7
95.8
97.2
95.5
93.4

2 .6

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

575,582
53,711
94,251
1,405,162
190,055

539,974
50,221
89,891
1,333,977
182,222

21,623
1,834
2,196
36,751
4,431

10,414
1,070
1,411
22,635
2,450

3,571
586
753
11,799
952

93.8
93.5
95.4
94.9
95.9

3.8
3.4
2.3

New Y ork..........
North Carolina..
North Dakota. . ,
Ohio....................
Oklahoma..........

4,015,046
961,896
235,354
1,901,081
895,299

3,689,511
932,681
223,926
1,799,115
863,339

138,944
15,141
7,510
49,987
17,932

100,159
8,776
3,057
31,311
9,415

86,432
5,298
861
4,613

91.9
97.0
95.1
94.6
96.4

2 .6
2 .0

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

495,553
2,868,076
246,851
467,045
288,610

468,119
2,716,222
237,948
451,055
274,425

14,830
76,826
3,832
8,857
9,171

8,273
46,632
2,909
4,795
3,924

4,331
28,396
2,162
2,338
1,090

94.4
94.7
96.4
96.6
95.1

3.0
2.7
1.5
1.9
3.2

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

982,643
3,223,493
177,978
102,141
1,154,539

953,982
3,072,950
170,716
99,140
1,123,434

15,252
81,172
3,713
1,621
16,828

8,436
45,216
2,189
947
9,339

4,973
24,155
1,360
433
4,938

97.1
95.3
95.9
97.1
97.3

1 .6

.8

2.5

1.4

2 .1
1 .6

1 .2

1.5

.8

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

748,513
587,627
801,837
114,317

712,282
571,797
758,631
107,476

19,197
8,567
23,009
3,796

11,182
4,687
13,086
2,151

5,852
2,576
7,111
894

95.1
97.3
94.6
94.0

2 .6

1.5

.8

1.5
2.9
3.3

.8
1 .6

.4
.9

3.0
2.7
2.3
2 .6
2 .1

3.3
2.3
1.7
2.5
3.9

1.5
2.3
1.4
1.4
1.3

.5
1.5
.7
.5
.5

.9
1.3
1.7
1.3
2.3

.4

1 .6
1 .2
.8

1.3
2 .0

2 .6

1 .6

2.3

1.3

3.5

2.5
.9
1.3
1.7

1 .6

3.2

.7
.3
.7
.7
.6
1 .1
.8

.9
.5
2 .1

.5
.4
1 .1

.5

1.7

.9

1 .6
1 .2
1 .0

1 .0

1.3

1.9

.5
.8
.8

.4
.4

BANKS

.9

.9
.5
.4

COMMERCIAL

1 .1

1 .1

INSURED

1.5

1.7

O
F

1 .8
2 .0

.8
.8
.8

ACCOUNTS




2 0 ,6 6 8

2.9
3.8
2 .6

.8

00

T a b le

47.

D is t r ib u t io n

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 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 i o 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 1 9 , 1 9 5 1

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

Number of accounts—

Total

$5,000
or less

$5,000
to
$1 0 ,0 0 0

Percent of total accounts—
$1 0 ,0 0 0
to
$25,000

More
than
$25,000

$5,000
or less

$5,000
to
$1 0 ,0 0 0

$1 0 , 0 0 0
to
$25,000

More
than
$25,000

1,167,089

254,496

38,105

96.9%

2.5%

.5%

.1%

44,994,330

1,165,631

254,039

37,982

96.9

2.5

.5

.1

Possessions.......................................................

148,525

146,487

1,458

457

123

98.6

1.0

.3

.1

FDIC District
District 1 ........................................................
District 2 ........................................................
District 3 ........................................................
District 4 ........................................................
District 5 ........................................................
District 6 ........................................................
District 7 ........................................................
District 8 ........................................................
District 9 ........................................................
District 10......................................................
District 1 1 ......................................................
District 12......................................................

3,130,774
7,867,981
7,709,594
3,051,017
1,565,448
2,163,900
5,585,622
4,197,481
1,349,056
1,112,542
1,781,757
7,085,335

3,070,356
7,658,596
7,491,861
2,978,461
1,518,317
2,102,311
5,404,898
4,035,975
1,302,469
1,083,864
1,741,642
6,752,067

52,073
175,121
179,029
58,408
37,150
49,585
149,280
128,575
38,788
22,558
31,193
245,329

7,694
30,386
34,000
12,237
8,647
10,512
27,875
29,258
7,101
5,315
7,409
74,062

651
3,878
4,704
1,911
1,334
1,492
3,569
3,673
698
805
1,513
13,877

98.1
97.3
97.2
97.6
97.0
97.1
96.7
96.1
96.5
97.4
97.7
95.3

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

384,719
145,223
121,256
5,485,398
319,895

373,113
140,473
116,827
5,209,645
309,980

9,020
3,598
3,422
198,422
7,670

2 ,2 2 0

366
161
146
12,634
322

97.0
96.7
96.4
95.0
96.9

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

753,862
104,556
315,796
459,373
552,176

740,651
101,762
308,961
442,016
539,622

11,388
2,082
5,350
13,782
10,052

65
97
263
416
341

98.3
97.3
97.8
96.2
97.7




991
861
64,697
1,923
1,758
615
1 ,2 2 2

3,159
2,161

1.7

.2

2 .2

.4
.4
.4
.5
.5
.5
.7
.5
.5
.4

2.3
1.9
2.4
2.3
2.7
3.1
2.9
2 .0
1 .8

3.5

2.3
2.5
2 .8

3.6
2.4
1.5
2 .0

1.7
3.0
1 .8

(*)
.1
.1
.1
.1
.1
.1
.1
.1

.1
.1
.2

1 .0

.6

.1
.1
.1
.2
.1

.7
.7
1 .2
.6
.2
.6

.4
.7
.4

0

)
.1
.1
.1
.1

CORPORATION

45,140,817

46,451,982

INSURANCE

46,600,507

United States..................................................

DEPOSIT

United States and possessions.......................

FEDERAL

FDIC District and State

1,023
25,294
6,123
3,964
1,155

140
3,313
722
360
156

95.1
96.1
96.9
96.7
97.7

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

335,456
601,925
388,244
720,848
1,307,679

326,806
591,557
382,018
704,612
1,284,901

7,000
8,248
5,122
13,268
19,934

1,469
1,815
976
2,593
2,609

181
305
128
375
235

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

2,818,686
1,031,902
169,180
1,104,188
125,960

2,725,780
998,900
163,566
1,076,267
121,660

76,175
27,815
4,296
23,227
3,367

14,553
4,720
1,107
4,238
840

2,178
467

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

239,106
64,031
136,714
3,039,344
73,412

234,059
60,588
134,066
2,954,904
71,334

4,103
2,604
2,181
72,490
1,543

856
729
437
10,864
444

88
110

30
1,086
91

New Y ork.........
North Carolina.
North Dakota. .
Ohio................. .
Oklahoma..........

4,600,346
493,227
93,771
3,421,013
220,484

4,479,388
481,659
88,547
3,318,037
215,381

99,767
9,385
4,194
84,532
4,081

18,598
1,881
936
16,122
877

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

488,537
4,288,581
307,351
145,796
97,423

469,746
4,173,824
298,232
142,234
93,362

15,663
94,497
7,831
2,850
3,412

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

603,000
961,197
259,884
236,924
949,750

582,411
938,278
252,602
230,488
925,650

Washington.......
West Virginia..
Wisconisn........
Wyoming.........

651,866
425,600
1,554,545
59,459

630,172
415,345
1,504,717
57,112

456
93

.9
.7
.5

2 .6
1 .8

.6

97.4
98.3
98.4
97.7
98.3

2 .1

1.5

.4
.3
.3
.4
.2

0

)

96.7
96.8
96.7
97.5
96.6

2.7
2.7
2.5

.5
.5
.7
.4

0

)

0

)

1.4
1.3
1 .8

2 .1

.1
.1
.1
.1
.1

.4

2.7
1.7
4.1
2 .1
2 .2

.4
.4

1 .8

.5
.4

2,800
17,878
1,179
604
605

328
2,382
109
108
44

96.1
97.3
97.0
97.6
95.8

3.2

.6

2 .2
2 .6

.4
.4
.4

15,936
17,804
6,023
5,617
19,264

3,944
4,159
1,135
735
4,208

709
956
124
84
628

96.6
97.6
97.2
97.3
97.5

2 .6

17,644
8,291
41,960
1,749

3,530
1,729
7,199
504

520
235
669
94

96.7
97.6
96.8
96.1

2.7
1.9
2.7
2.9

.1

.6

97.4
97.6
94.4
97.0
97.7

.1

1 .1

2,593
302
94
2,322
145

.1

.6

97.9
94.6
98.1
97.2
97.2

.1

(*)
)

0

1 .6

2.4

1.9
4.5
2.5

1.9
3.5
1.9
2.3
2.4
2 .0

.4
.3
.4

.1

C)
1
.2

(!)
C)
1
.1
0

)

0

)

.1
.1

1 .0

.1
.1
.1
0

)
.1
.1

.6

.7
.4
.4
.3
.4
.5
.4
.5
.8

O
F

1

211

3.9
3.1
2.5

.1
.1
.1

(l)
.1
.1
.1

BANKS

4,297
110,729
31,145
17,846
4,955

COMMERCIAL

105,369
3,387,407
1,174,401
648,568
267,332

INSURED

110,829
3,526,743
1,212,391
670,738
273,598

ACCOUNTS

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

( 1)
.2

Less than .05 percent.




00

C
O

T able 48.

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 iv id 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 ,

3
0
o

A c c o r d i n 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 1 9 , 1 9 5 1
banks

grou ped

b y a m o u n t o f d e p o s it s

Percent of total accounts—

Number of accounts—
Size Group

$5,000
or less

$5,000
to
$1 0 ,0 0 0

$1 0 , 0 0 0
to
$25,000

More
than
$25,000

1 .0

79,115
94,527
62,061
51,689
70,592

29,976
46,337
35,184
35,197
55,511

96.0
95.2
94.3
93.7
93.0

2.3

1 .2

68,280
56,414
88,564
60,168

50,697
39,367
65,077
40,913

45,171
31,839
63,665
32,546

92.7
91.6
90.3
93.6

3.0
3.7
4.0
2.9

100.0%

100.0%

100.0%

100.0%

(1)

(i)
.3
1.9
6.4
16.5

(x
)

( 1)
0)
.3
1.5
5.9

406,873

14,484
243,540
1,377,841
3,733,539
8,591,435

14,300
239,450
1,346,425
3,625,735
8,292,951

140
3,056
22,570
73,184
189,218

40
891
7,603
28,465
85,364

$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 $1 0 0 ,0 0 0 , 0 0 0 ............................
$100,000,000 to $250,000,000......................

6,436,394
6,261,504
3,435,815
2,596,885
3,267,980

6,175,848
5,959,395
3,240,234
2,434,327
3,041,087

151,455
161,245
98,336
75,672
100,790

$250,000,000 to $500,000,000..........................
$500,000,000 to $1,000,000,000.......................
$1,000,000,000 to $2,500,000,000....................
Over $2,500,000,000.........................................

2,242,630
1,515,539
2,232,547
2,095,142

2,078,482
1,387,919
2,015,241
1,961,515

DArpotif* /\f
1
Banks with deposits of—
(Ijo^n 0 0 0 nr fpcQ
<59^0 0 0 0 fn <£^00 0 0 0
<e0 0 0 0 0 fn
fc;
000 000
O O O O fn < 9 000 000
O O
fc
< 9 O O O O fn
£ O O
O OO O
O O

100.0%
.6

.6

3.1
8.5
19.5

3.2
8.7
19.8

< KO O O O fn $10 O O 000
& O O
O
<£10 O O O O fn $9^ O O O O
O O
O O
d»oc O O O O fn < O O 000
O O
£^0 O
< ^ O O O O fn ^100 O O 000
CO O O
O
^100 O O O O fn $9^0 O O 000
O O
O

14.6
14.2
7.8
5.9
7.4

14.8
14.3
7.7
5.8
7.3

5.1

5.0
3.3
4.8
4.7

1 Less than .05 percent.




5.1
4^7

13.2
14.0
8.5
6 .6
8 .8
6 .0

4.9
7.7
5.2

.1
1 .1

4.2
1 2 .6

11.7
14.0
9.2
7.7
10.4

7.4
11.4
8 .6

8.7
13.6

7.5
5.8
9.6

7.8
15.7

6 .1

8 .0

1 1 .1

•9%

1.6%
.3
.4
.6

•
S

C)
1
.1
.1
.1

.3
.5
.7

2 .6

1.5

2.9
2.9
3.1

1 .8
2 .0
2 .2

1 .0

2.3
2.9

2 .0
2 .1
2 .8

2 .0

1.5

2 .6

1.4
1.7

CORPORATION

1 .0
1 .2
1 .6
2 .0
2 .2

676,401

INSURANCE

98.7
98.3
97.7
97.1
96.5

1,149,092

More
than
$25,000

DEPOSIT

4
143
1,243
6,155
23,902

41,812,909

3^5

$1 0 , 0 0 0
to
$25,000

2.6%

44,045,275

Banks with deposits of—
$250,000 or less..................................................
$250,000 to $500,000.........................................
$500,000 to $1,000,000.....................................
$1 ,0 0 0 , 0 0 0 to $2 ,0 0 0 , 0 0 0 ..................................
$2,000,000 to $5,000,000..................................

O K O O O O fn $P\00 O O 000
O fi O O
O
djrno O O O O fn
O O
O OO O O O
O O O
O O O O O O fn < 9 ^00 000 000
O O O
£
fWor < 9 ^ 0 0 O O O O
£
O O

$5,000
to
$1 0 , 0 0 0

94.9%

Demand accounts— total.................................

(i)

$5,000
or less

FEDERAL

Total

T a b le

49.

D is t r ib u t io n

of

A c c o r d in g t o

Sa v in g s a n d

T im e

A ccounts of

S iz e o f A c c o u n t , I n s u r e d

I n d iv id u a l s , P a r t n e r s h ip s , a n d

C o m m e r c ia l B a n k s , S e p t e m b e r

19,

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

1951

BANKS GROUPED B Y AMOUNT OF DEPOSITS

Percent of total accounts—

Number of accounts—
FDIC District and State

More
than
$25,000

$1 0 ,0 0 0
to
$25,000

$5,000
to
$1 0 ,0 0 0

3,481
4,789
3,131
2,557
3,229

97.1
97.4
97.2
97.3
97.1

21,918
14,501
26,320
32,840

4,717
2,353
4,364
5,864

96.4
95.3
96.0
96.1

2,015
38,226
389,064
1,523,140
5,329,353

1,965
37,105
376,874
1,473,267
5,159,552

42
993
10,481
41,635
138,962

118
1,605
7,635
27,936

$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............................
$100,000,000 to $250,000,000..........................

6,140,355
8,177,729
4,849,333
3,757,330
4.279.934

5,965,640
7,964,875
4,714,625
3,656,740
4,155,757

142,423
173,730
110,051
81,946
100,092

$250,000,000 to $500,000,000..........................
$500,000,000 to $1,000,000,000.......................
$1,000,000,000 to $2,500,000,000....................
Over $2,500,000,000.........................................

3,421,046
1.693.934
3,476,361
3,522,687

3,299,153
1,614,585
3,335,669
3,385,010

95,258
62,495
110,008
98,973

$250 000 000 to $500 000,000
$500 000 000 to $1 000 000 000
$1 000 000 000 to $2 500,000,000
Over $2 500 000 000

1 Less than .05 percent.




1 0 0 .0 %

1 0 0 .0

(X
)

(1)

.1
.8

.1

.1

.8

3.3
11.4

3.3
11.4

.9
3.6
11.9

13.2
17.5
10.4

13.2
17.6
10.5

8 .1

9.2
7.4
3.6
7.4
7.6

0

)

%

1 0 0 .0

C)
1
C)
1
.6

3.0

%

10

1 0 0 .0

(*)
.3
1 .6

1 1 .0

7.6
9.1

8 .1

14.9
9.4
7.0

11.3
13.5
8.5
6.3

9.2

8 .6

8 .2

7.3
3.6
7.4
7.5

8 .2

8 .6

12.4

5.3
9.4
8.5

5.7
10.4
12.9

11.5
15.3

1 2 .2

1 2 .6
8 .2

6.7
8.5
6 .2

%

2.7
2.7
2 .6

2.3
2 .1

2.3
2 .2

2.3
2 .8

3.7
3.1
2 .8

)
C)
1
0

.1
.1

.5
.4
.4
.4
.5

.1
.1
.1
.1
.1

.7
.9

.1
.1
.1
.1

.8
1 .0

BANKS

$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
$100 000 000 to $250 000 000

%

8

.1%

COMMERCIAL

28,811
34,335
21,526
16,087
20,856

$250,000 to $500,000.........................................
$500,000 to $1,000,000.....................................
$1 ,0 0 0 , 0 0 0 to $2 ,0 0 0 , 0 0 0 ..................................
$2,000,000 to $5,000,000..................................

38,105

INSURED

.4
.3
.4
.5
.5

254,496

O
F

97.5
97.1
96.9
96.7
96.8

2 .1
2 .6

104
603
2,903

More
than
$25,000

•5%

1,167,089

1 0 0 .0

$1 0 , 0 0 0
to
$25,000

2.5%

45,140,817

Percent of total
Banks with deposits of—
$250 000 or less
$250 000 to $500 000
$500 000 to $1 000 000
$1 O non
ftO
*5 ftftft 000
12
$2 O 000 tr» $5 ftftO 00ft
ftft

$5,000
to
$1 0 , 0 0 0

96.9%

46,600,507

and times arrnunts— t o t a l. , . , __
Banks with deposits of—

$5,000
or less

ACCOUNTS

$5,000
or less

Total

CO
to

D

e t a il e d

T ables: D

T able 50.

is t r ib u t io n

D is t r ib u t io n

of

D

e p o s it 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 in g

to

S ize

of

A

ccount

o f D e p o s i t s A c c o r d i n 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 19, 1951

BAN KS GROUPED BY FEDERAL DEPOSIT INSURANCE CORPORATION DISTRICT AND STATE

FDIC District and State

$5,000
to
$1 0 , 0 0 0

$1 0 , 0 0 0
to
$25,000

More
than
$25,000

More
than
$25,000

United States and possessions....................... $155,386,204

$45,401,074

$16,172,030

$15,181,927

$78,631,173

29.2%

10.4%

9.8%

50.6%

United States..................................................

155,139,626

45,320,641

16,149,467

15,159,810

78,509,708

29.2

10.4

9.8

50.6

Possessions.......................................................

246,578

80,433

22,563

22,117

121,465

32.6

9.2

9.0

49.2

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

7,688,591
37,049,853
18,971,119
8,685,002
6,031,882
9,025,698
12,378,967
15,487,947
4,411,357
6,335,815
9,958,659
19,361,314

2,283,974
7,076,294
6,234,886
2,962,986
2,003,227
2,868,245
4,675,595
4,256,566
1,761,075
2,024,677
2,716,905
6,536,644

745,243
2,517,952
2,098,814
900,843
698,637
952,742
1,603,995
1,721,961
600,318
738,704
990,763
2,602,058

735,325
2,663,160
1,807,397
865,889
714,927
894,634
1,242,393
1,591,008
485,440
763,467
1,117,538
2,300,749

3,924,049
24,792,447
8,830,022
3,955,284
2,615,091
4,310,077
4,856,984
7,918,412
1,564,524
2,808,967
5,133,453
7,921,863

29.7
19.1
32.9
34.1
33.2
31.8
37.8
27.5
39.9
32.0
27.3
33.8

9.7

9.6
7.2
9.5

51.0
66.9
46.5
45.5
43.3
47.7
39.2
51.1
35.5
44.3
51.6
40.9

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

1,318,011
483,621
799,871
14,517,236
1,303,018

461,841
171,142
303,806
4,751,875
406,213

149,281
65,725
100,218
1,970,180
153,421

151,036
62,916
101,194
1,749,921
156,188

555,853
183,838
294,653
6,045,260
587,196

35.0
35.4
38.0
32.7
31.2

11.3
13.6
12.5
13.6

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

1,711,801
499,954
1,218,058
2,043,534
1,870,518

558,544
121,033
345,217
658,658
565,320

175,329
40,103
101,857
272,262
178,808

168,186
47,552
111,131
275,758
186,870

809,742
291,266
659,853
836,856
939,520

32.6
24.2
28.3
32.2
30.2

10.3




$5,000
or less

6 .8
1 1 .1

10.4
1 1 .6
1 0 .6

13.0
1 1 .1

13.6
11.7
9.9
13.4

1 1 .8

8 .0

8.4
13.3
9.6

1 0 .0

11.9
9.9
1 0 .0

10.3
1 1 .0
1 2 .0
1 1 .2

11.9
11.5
13.0
12.7
1 2 .1
1 2 .0

9.8
9.5
9.1
13.5
1 0 .0

42.2
38.0
36.8
41.6
45.0
47.3
58.3
54.2
41.0
50.2

CORPORATION

$1 0 , 0 0 0
to
$25,000

INSURANCE

$5,000
to
$1 0 ,0 0 0

DEPOSIT

$5,000
or less

Total

FEDERAL

Percent of total deposits—

Deposits (in thousands) in accounts of—

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

437,882
13,161,920
3,340,948
2,326,027
1,582,433

177,425
3,307,130
1,261,123
949,436
572,283

68,278
1,379,161
424,850
342,800
200,916

61,233
1,286,537
362,049
304,471
202,452

130,946
7,189,092
1,292,926
729,320
606,782

40.5
25.1
37.8
40.8
36.2

15.6
10.5
12.7
14.7
12.7

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

1,539,487
1,830,205
447,009
1,691,826
4,351,544

580,347
493,930
201,997
550,468
1,063,537

185,998
169,882
60,995
178,340
351,103

169,352
185,908
54,565
166,378
390,898

603,790
980,485
129,452
796,640
2,546,006

37.7
27.0
45.2
32.5
24.4

1 2 .1

1 0 .6
8 .1

9.8
9.0

39.2
53.6
29.0
47.1
58.5

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

5,861,113
2,874,588
799,819
4,642,536
563,371

2,087,024
1,083,482
317,408
1,320,588
209,395

733,863
341,492
98,286
448,565
86,508

554,928
263,033
101,263
419,958
84,999

2,485,298
1,186,581
282,862
2,453,425
182,469

35.6
37.7
39.7
28.4
37.2

12.5
11.9
12.3
9.7
15.3

9.5
9.2
12.7
9.0
15.1

42.4
41.2
35.3
52.9
32.4

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

1,375,043
196,017
240,371
4,946,198
362,022

464,532
63,824
96,379
2,138,715
124,899

183,865
30,161
31,555
728,365
42,776

184,900
27,473
30,575
522,883
46,318

541,746
74,559
81,862
1,556,235
148,029

33.8
32.6
40.1
43.2
34.5

13.4
15.4
13.1
14.7

13.4
14.0
12.7

1 1 .8

1 0 .6
1 2 .8

39.4
38.0
34.1
31.5
40.9

New Y ork.......................................................
North Carolina..............................................
North Dakota................................................
Ohio................................................................
Oklahoma.......................................................

31,437,335
1,946,661
448,244
8,000,554
1,804,949

4,765,409
602,815
223,161
2,670,721
486,968

1,735,976
173,897
82,308
914,102
160,747

2,078,696
180,209
62,911
754,530
176,486

22,857,254
989,740
79,864
3,661,201
980,748

15.2
31.0
49.8
33.4
27.0

5.5
8.9
18.4
11.4
8.9

9.3
14.0
9.4
9.8

72.7
50.8
17.8
45.8
54.3

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

1,451,355
10,970,565
670,173
741,980
525,154

573,336
3,564,165
213,933
259,550
245,037

207,783
1,184,712
77,935
83,255
90,010

172,304
1,052,867
64,029
89,663
74,497

497,932
5,168,821
314,276
309,512
115,610

39.5
32.5
31.9
35.0
46.7

14.3

11.9
9.6
9.6

34.3
47.1
46.9
41.7

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

2,043,804
7,282,811
610,587
267,693
2,108,915

663,504
1,926,934
204,030
149,584
808,972

217,961
712,380
65,651
48,326
248,568

204,130
822,396
53,072
27,072
216,654

958,209
3,821,101
287,834
42,711
834,721

32.4
26.4
33.4
55.9
38.3

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

2,068,025
977,562
3,176,906
270,372

736,858
395,964
1,327,448
94,681

250,950
114,926
445,282
39,755

228,658
101,854
325,416
43,441

851,559
364,818
1,078,760
92,495

35.6
40.5
41.8
35.0

1 2 .8
1 1 .0
1 0 .1
1 2 .2

1 0 .0

1 0 .8

18.1

11.3
8.7
1 0 .1

1 1 .8

10.3

1 2 .1
1 1 .8

1 1 .1

14.0
14.7

1 0 .2

10.4
16.1

2 2 .0

46.9
52.5
47.1
15.9
39.6
41.2
37.3
34.0
34.2

BANKS

14.2

10.7
9.8

COMMERCIAL

1 2 .1

17.1

INSURED

6 .6

I
N

1 0 .8
1 1 .6
1 1 .2

13.1

29.9
54.6
38.7
31.4
38.3

DEPOSITS




9.3
13.6

14.0
9.8
1 0 .8

C
O
CO

C
D

T able 51.

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 t o

Siz e

of

A ccount, Insured

C o m m e r c ia l B a n k s , S e p t e m b e r

19, 1951

B AN K S GROUPED B Y AMOUNT OF DEPOSITS, POPULATION OF CENTER IN W H ICH LOCATED,
CLASS, AND PERCENT OF DEPOSITS INSURED; AND ACCOUNTS GROUPED B Y TYPE

Percent of total deposits—

Deposits (in thousands) in accounts of—

Total

$5,000
to
$1 0 ,0 0 0

$1 0 ,0 0 0
to
$25,000

More
than
$25,000

$45,401,074

$16,172,030

$15,181,927

$78,631,173

$5,000
or less

$5,000
to
$1 0 , 0 0 0

$1 0 , 0 0 0
to
$25,000
9.8%

10.4%
15.1
16.2
17.3
17.6
17.0

9.4
10.4

15.5
13.9
12.3

13.1
12.3
11.5

1 0 .0
8 .0

1 0 .2

50.6%

9,006
185,065
1,398,870
4,682,615
13,471,315

6,513
123,294
865,616
2,628,447
6,836,718

1,361
29,959
242,393
822,129
2,286,844

848
19,257
162,752
621,111
1,843,129

284
12,555
128,109
610,928
2,504,624

72.3

$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............................
$100,000,000 to $250,000,000..........................

13,031,487
16,555,255
11,648,654
11,062,676
17,739,393

6,008,096
6,755,290
4,096,895
3,065,745
3,739,661

2,023,545
2,302,737
1,437,723
1,106,897
1,424,488

1,701,658
2,033,335
1,340,259
1,126,104
1,542,371

3,298,188
5,463,893
4,773,777
5,763,930
11,032,873

46.1
40.8
35.2
27.7

8.7

25.3
33.0
41.0
52.1
62.2

$250,000,000 to $500,000,000..........................
$500,000,000 to $1,000,000,000.......................
$1,000,000,000 to $2,500,000,000....................
Over $2,500,000,000..........................................

15,074,196
11,053,548
24,780,346
14,693,778

2,931,251
2,026,239
3,314,977
3,002,332

1,152,249
827,142
1,403,806
1,110,757

1,203,975
883,989
1,554,425
1,148,714

9,786,721
7,316,178
18,507,138
9,431,975

19.5
18.3
13.4
20.4

7.6
7.5
5.7
7.6

8 .0
8 .0

6 6 .2

6.3
7.8

74.6
64.2

Banks in centers with population of—
Less than 250.....................................................
250 to 500...........................................................
500 to 1,000.......................................................
1,000 to 2,500....................................................
2,500 to 5,000....................................................

583,312
1,271,709
2,947,840
6,624,767
6,190,963

277,747
733,571
1,634,710
3,522,302
3,014,726

92,909
236,553
535,180
1,157,703
1,021,814

63,821
166,130
399,360
911,095
846,372

148,835
135,455
378,590
1,033,667
1,308,051

47.6
57.7
55.5
53.2
48.7

15.9
18.6
18.2
17.5
16.5

1 1 .0

25.5

13.1
13.5
13.7
13.7

1 0 .6
1 2 .8

5,000 to 10,000..................................................
10,000 to 25,000................................................
25,000 to 50,000................................................
50,000 to 100,000..............................................
100,000 to 250,000............................................

8,105,771
11,284,159
9,020,483
9,318,376
14,884,926

3,788,774
4,795,304
3,543,444
3,233,098
4,096,738

1,282,753
1,639,305
1,215,291
1,092,818
1,432,861

1,073,841
1,440,534
1,077,383
1,019,146
1,404,699

1,960,403
3,409,016
3,184,365
3,973,314
7,950,628

46.7
42.5
39.3
34.7
27.5

15.8
14.5
13.5
11.7
9.6

13.3




6 6 .6

61.9
56.1
50.7

2 1 .1

1 1 .6

13.3
13.7

1 2 .8

11.9
10.9
9.5

3.2
6 .8

9 .2
13.0
18.6

64.9

15.6
2 1 .1

24.2
30.2
35.3
42.7
53.4

CORPORATION

Banks with deposits of—
$250,000 or less..................................................
$250,000 to $500,000.........................................
$500,000 to $1,000,000.....................................
$1 ,0 0 0 , 0 0 0 to $2 ,0 0 0 , 0 0 0 ..................................
$2,000,000 to $5,000,000..................................

INSURANCE

29.2%

More
than
$25,000

DEPOSIT

All insured commercial banks....................... $155,386,204

$5,000
or less

FEDERAL

Classification

3,520,680
6,862,381
2,245,748
4,131,851

1,258,223
2,657,535
849,523
1,699,562

1,218,989
2,543,166
838,652
2,178,739

7,795,318
15,092,588
5,401,157
26,859,786

25.5
25.3
24.1
11.9

9.1
9.8
9.1
4.9

8.9
9.3
9.0
6 .2

56.5
55.6
57.8
77.0

Class of bank
National, members F. R. System...................
State, members F. R. System.........................
Not members F. R . System.............................

89,966,840
44,155,388
21,263,976

24,333,598
10,871,260
10,196,216

8,825,269
3,986,660
3,360,101

8,588,978
3,936,894
2,656,055

48,218,995
25,360,574
5,051,604

27.0
24.6
48.0

9.8
9.0
15.8

9.6
8.9
12.5

53.6
57.5
23.7

Banks w ith percent o f deposits in ­
sured o f—
percent.........................................................
90 to 99 percent.................................................
80 to 89 percent.................................................
70 to 79 percent.................................................
60 to 69 percent.................................................
50 to 59 percent.................................................

14,568
4,752,385
15,473,078
19,200,320
24,809,067
16,665,592

3,083,674
8,504,820
8,927,058
9,450,108
5,326,731

2,447
914,622
2,760,695
3,052,936
3,432,931
1,922,099

524,671
2,021,924
2,531,778
3,092,795
1,881,266

229,418
2,185,639
4,688,548
8,833,233
7,535,496

83.2
64.9
55.0
46.5
38.1
32.0

16.8
19.2
17.8
15.9
13.8
11.5

1 1 .1

13.1
13.2
12.5
11.3

4.8
14.1
24.4
35.6
45.2

49 percent.................................................
39 percent.................................................
29 percent.................................................
19 percent.................................................
9 percent...................................................

12,259,691
18,913,962
21,358,219
17,525,934
4,413,388

3,076,752
3,477,759
2,628,538
852,937
60,576

1,135,668
1,332,566
1,079,107
495,573
43,386

1,230,258
1,613,270
1,351,732
831,637
102,596

6,817,013
12,490,367
16,298,842
15,345,787
4,206,830

25.1
18.4
12.3
4.9
1.4

9.3
7.1
5.1

T ype o f accou n t
Individual, partnership, and corporation
accounts:
Demand..........................................................
Savings and time...........................................
Interbank accounts...........................................
Government accounts.......................................
Uninvested trust funds.....................................
Drafts.................................................................
Other items........................................................

88,871,594
34,374,129
13,537,168
12,714,958
2,354,758
1,272,995
2,260,602

22,578,252
21,230,895
45,071
274,043
379,335
208,537
684,941

7,996,773
7,455,899
84,316
212,191
176,875
93,704
152,272

10,292,213
3,445,533
322,313
473,090
293,436
170,790
184,552

48,004,356
2,241,802
13,083,468
11,755,634
1,505,112
799,964
1,238,837

25.4
61.8
0.3

100

55.6
6 6 .0

2 .8
1 .0

8.5
6.3
4.7
2.3

9.0
21.7

1 1 .6
1 0 .0

0 .6

2.4
3.7
12.5
13.4

1.7
7.5
7.4
6.7

8 .2

76.3
87.6
95.3

54.0
6.5
96.7
92.5
63.9
62.8
54.8

BANKS




2 .1

16.1
16.4
30.3

1 0 .0

COMMERCIAL

0

to
to
to
to
to

INSURED

40
30
20
10

1 2 ,1 2 1

I
N

13,793,210
27,155,670
9,335,080
34,869,938

DEPOSITS

250.000 to 500,000............................................
500.000 to 1,000,000.........................................
1,000,000 to 2,500,000......................................
2.500.000 and over............................................

0
01

C
O
o

T able 52.

D is t r i b u t io n o f D e m a n d D e p o s it s of I n d iv id 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 19, 1951
banks

grouped

by

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

d is t r i c t a n d

Percent of total deposits—

Deposits (in thousands) in accounts of—

$5,000
to
$1 0 , 0 0 0

$1 0 , 0 0 0
to
$25,000

More
than
$25,000

$10,292,213

$48,004,356

25.4%

9.0%

11.6%

54.0%

7,986,661

10,280,569

47,971,337

25.4

9.0

11.6

54.0

32,589

10,112

11,644

33,019

37.3

11.6

13.3

37.8

4,571,940
22,824,977
10,301,691
4,992,715
3,646,836
5,279,312
6,050,265
8,564,843
2,401,192
4,109,531
6,530,515
9,597,777

944,323
3,233,958
2,502,107
1,623,600
1,292,650
1,841,048
1,713,687
2,019,053
936,533
1,484,949
2,023,571
2,962,773

370,706
1,269,901
882,032
493,842
422,589
582,845
595,170
827,198
319,530
555,582
742,181
935,197

556,279
1,958,021
1,184,339
626,029
514,146
634,937
755,706
1,036,414
328,947
606,705
900,667
1,190,023

2,700,632
16,363,097
5,733,213
2,249,244
1,417,451
2,220,482
2,985,702
4,682,178
816,182
1,462,295
2,864,096
4,509,784

14.2
24.3
32.5
35.4
34.9
28.3
23.6
39.0
36.1
31.0
30.9

1 2 .2
8 .6

59.1
71.7
55.6
45.1
38.9
42.1
49.4
54.7
34.0
35.6
43.8
47.0

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

801,760
298,442
533,226
6,781,504
802,101

292,295
107,851
232,316
1,988,204
248,567

84,079
40,143
72,373
618,915
97,812

102,472
45,898
75,051
796,346
120,425

322,914
104,550
153,486
3,378,039
335,297

36.4
36.1
43.5
29.3
31.0

10.5
13.5
13.6
9.1
1 2 .2

15.0

Connecticut....................................................
D elaw are.......................................................
District of Columbia.....................................
Florida
...................................................
Georgia...........................................................

1,040,963
288,826
833,775
1,268,170
1,120,564

239,151
78,526
201,495
427,029
352,291

88,609
24,184
64,007
172,271
104,145

125,427
33,488
87,432
210,332
132,144

587,776
152,628
480,841
458,538
531,984

23.0
27.2
24.1
33.7
31.4

8.5
8.4
7.7
13.6
9.3

1 2 .0
1 1 .6

$22,578,252

88,784,230

22,545,663

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

87,364

FDIC District
District 1
.
.......................................
District 2 ........................................................
District 3
.
...........................................
District 4
...................................................
District 5
...................................................
District 6
...................................................
District 7
...................................................
District 8 .....................................................
District 9
...................................................
District 1 0 ....................................................
District 11 ....................................................
District 12 ...................................................

Possessions




$5,000
or less

2 0 .6

8 .1

5.5
8 .6

9.9
1 1 .6
1 1 .0

9.8
9.6
13.3
13.5
11.4
9.7

11.5
12.5
14.1
1 2 .0

12.5
1 2 .1

13.7
14.8
13.8
12.4
1 2 .8

15.4
14.1
1 1 .8

10.5
16.6
1 1 .8

40.3
35.0
28.8
49.8
41.8
56.5
52.8
57.7
36.1
47.5

CORPORATION

$7,996,773

$88,871,594
United States..................................................

$5,000
to
$1 0 ,0 0 0

INSURANCE

More
than
$25,000

$5,000
or less

DEPOSIT

$1 0 , 0 0 0
to
$25,000

Total

FEDERAL

FDIC District and State

state

269,960
7,222,233
1,810,109
1,342,610
1,019,315

113,349
1,430,032
640,509
589,021
444,217

38,811
616,330
213,377

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

996,720
991,844
213,372
951,023
2,730,654

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

157,199

43,147
821,773
245,940
214,641
158,015

74,653
4,354,098
710,283
328,080
259,884

42.0
19.8
35.4
43.9
43.6

420,337
289,042
72,507
258,938
482,656

129,983
106,617
26,131
89,003
202,148

126,005
137,071
36,797
119,183
313,995

320,395
459,114
77,937
483,899
1,731,855

42.2
29.2
34.0
27.2
17.7

2,745,389
1,374,974
456,342
2,679,233
377,372

619,035
470,205
221,035
794,313
143,979

221,772
143,116
62,094
274,939
62,377

311,759
159,363
69,198
306,573
67,649

1,592,823
602,290
104,015
1,303,408
103,367

22.5
34.2
48.4
29.6
38.2

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

916,399
104,147
132,274
2,288,468
215,230

346,100
33,258
45,796
714,336
93,613

149,277
12,739
15,283
255,437
30,560

152,886
16,315
21,328
343,016
36,140

268,136
41,835
49,867
975,679
54,917

37.8
31.9
34.6
31.2
43.5

16.3

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

20,197,081
1,067,037
295,148
4,145,055
1,196,143

2,423,810
349,500
149,984
1,012,818
380,522

984,493
104,555
51,198
348,058
124,981

1,575,224
133,127
44,661
474,637
142,621

15,213,554
479,855
49,305
2,309,542
548,019

1 2 .0

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

875,976
6,156,636
363,107
512,002
353,698

325,596
1,489,289
64,163
193,472
172,365

102,268
533,974
27,151
60,937
62,839

125,876
709,702
44,408
72,630
57,274

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

1,070,133
5,024,999
312,957
91,570
1,087,153

394,082
1,533,065
89,323
40,050
406,763

105,550
564,861
25,950
11,384
116,896

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

1,216,471
541,725
1,494,767
175,573

397,740
213,432
454,143
65,543

132,189
58,444
160,021
26,313

15.7
15.4
13.0
10.7

16.0
11.4
13.6
16.0
15.5

27.6
60.3
39.2
24.4
25.5

1 2 .6

32.2
46.3
36.5
50.9
63.4

9.4
7.4

13.8
17.3
12.5
11.5

8 .1

11.4

1 2 .2

1 1 .6

58.0
43.8
2 2 .8

48.7
27.4

14.2

16.7
15.7
16.1
15.0
16.8

29.2
40.2
37.7
42.6
25.5

32.7
50.8
24.4
31.8

4.9
9.8
17.4
8.4
10.5

7.8
12.5
15.1
11.5
11.9

75.3
45.0
16.7
55.7
45.8

322,236
3,423,671
227,385
184,963
61,220

37.1
24.2
17.7
37.8
48.7

11.7
8.7
7.5
11.9
17.8

14.4
11.5
14.2
16.2

36.8
55.6
62.6
36.1
17.3

127,308
681,558
34,101
14,324
143,060

443,193
2,245,515
163,583
25,812
420,434

36.8
30.5
28.5
43.7
37.4

8.3
12.4
10.7

11.9
13.6
10.9
15.7
13.2

41.4
44.7
52.3
28.2
38.7

168,887
70,597
198,007
32,758

517,655
199,252
682,596
50,959

32.7
39.4
30.4
37.3

10.7
15.0

13.9
13.0
13.2
18.7

42.5
36.8
45.7
29.0

1 2 .2
1 1 .6
1 1 .2

10.9
1 0 .8

BANKS

9.9
1 1 .2

1 2 .2

COMMERCIAL

15.2
11.4
17.9

INSURED

10.4
13.6
10.3
16.5

I
N




2 1 0 ,8 6 8

14.4
8.5
1 1 .8

DEPOSITS

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

CD

T able 53.

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 iv id 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 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 19, 1951
B AN K S GROUPED B Y FEDERAL DEPOSIT INSURANCE CORPORATION DISTRICT AND STATE

Percent of total deposits—

Deposits (in thousands) in accounts of—
$5,000
to
$1 0 ,0 0 0

$1 0 , 0 0 0
to
$25,000

More
than
$25,000

$5,000
or less

$5,000
to
$1 0 , 0 0 0

$1 0 , 0 0 0
to
$25,000

More
than
$25,000

$34,374,129

$21,230,895

$7,455,899

$3,445,533

$2,241,802

61.8%

21.7%

10.0%

United States...................................................

34,303,232

21,189,812

7,446,305

3,439,258

2,227,857

61.8

21.7

10.0

6.5

Possessions.......................................................

70,897

41,083

9,594

6,275

13,945

57.9

13.5

8.9

19.7

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

1,696,956
5,388,470
5,422,469
1,924,632
1,067,585
1,481,319
4,334,224
3,484,204
1,116,759
722,480
991,121
6,743,910

1,237,730
3,536,037
3,536,532
1,260,772
640,112
942,424
2,830,782
2,082,340
745,811
468,877
602,208
3,347,270

327,371
1,106,071
1,134,230
369,529
235,908
316,320
951,365
825,225
247,041
144,334
195,301
1,603,204

98,035
407,203
459,244
166,301
116,356
139,401
376,270
409,680
94,536
72,480
100,446
1,005,581

33,820
339,159
292,463
128,030
75,209
83,174
175,807
166,959
29,371
36,789
93,166
787,855

72.9
65.6
65.2
65.5
60.0
63.6
65.3
59.8

19.3
20.5
20.9
19.2

5.8
7.6
8.5

2 .0

64.9
60.8
49.6

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

260,386
101,382
100,128
5,484,533
234,356

155,861
57,315
60,505
2,587,145
144,502

57,274
23,251
21,338
1,307,383
49,352

30,701
13,291
11,233
882,969
25,998

16,550
7,525
7,052
707,036
14,504

59.9
56.6
60.4
47.2
61.6

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

387,928
63,586
225,919
372,767
303,774

289,074
37,451
134,462
209,748
195,206

72,147
13,446
34,250
88,143
63,504

21,758
8,279
16,927
41,303
29,264

4,949
4,410
40,280
33,573
15,800

74.5
58.9
59.5
56.3
64.3




6 6 .8

2 2 .1

21.4
2 2 .0

23.7
2 2 .1
2 0 .0

19.7
23.8

8 .6

10.9
9.4
8.7
11.7
8.5
1 0 .0
1 0 .1

14.9

6.5%

6.3
5.4
6.7
7.0
5.6
4.0
4.8
2 .6

5.1
9.4
11.7

2 2 .0

1 1 .8

22.9
21.3
23.8

13.1
16.1

6.3
7.4
7.1
12.9

2 1 .1

1 1 .1

6 .2

18.6

5.6
13.0
7.5

1.3
6.9
17.8
9.0
5.2

2 1 .2

15.2
23.6
20.9

1 1 .2

1 1 .1

9.6

CORPORATION

United States and possessions.......................

INSURANCE

$5,000
or less

DEPOSIT

Total

FEDERAL

FDIC District and State

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

106,548
2,969,165
903,568
515,039
161,788

59,600
1,750,401
589,720
331,939
108,084

27,268
710,082
197,396
115,143
31,714

13,606
356,057
81,469
53,623
15,758

6,074
152,625
34,983
14,334
6,232

55.9
59.0
65.3
64.4

Kentucky..........
Louisiana...........
M aine................
Maryland..........
Massachusetts. . ,

213,990
278,496
174,652
418,176
700,169

141,828
186,229
124,277
279,736
528,742

44,849
51,945
32,433
83,933
125,344

19,944
24,662
13,199
35,608
31,819

7,369
15,660
4,743
18,899
14,264

66.3
66.9
71.1
66.9
75.5

2 1 .0

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

2,205,721
826,088
130,658
718,355
97,229

1,406,152
565,907
79,297
487,338
60,270

487,454
177,385
26,987
147,962
21,563

198,876
63,123
15,088
55,337
11,358

113,239
19,673
9,286
27,718
4,038

63.8
68.5
60.7
67.8
62.0

2 2 .1

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

143,179
60,291
68,339
2,032,651
47,858

101,795
28,371
47,055
1,381,500
26,854

26,122
16,498
14,049
453,311
9,937

11,858
9,617
5,770
144,762
6,041

3,404
5,805
1,465
53,078
5,026

71.1
47.0
68.9

18.2
27.4

6 8 .0

New Y ork..........
North Carolina..
North Dakota. . ,
Ohio...................
Oklahoma..........

3,247,160
332,381
104,119
2,462,905
134,613

2,088,066
231,612
61,719
1,580,941
88,922

633,985
58,505
26,535
533,709
25,752

249,815
25,429
12,330
218,088
11,864

275,294
16,835
3,535
130,167
8,075

64.3
69.7
59.3
64.2

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

381,562
2,959,564
213,645
89,400
89,323

231,950
1,955,591
144,654
57,459
57,915

99,347
600,521
48,516
17,589
21,558

35,817
241,156
15,913
8,412
7,725

14,448
162,296
4,562
5,940
2,125

60.8

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

448,846
563,385
182,443
152,223
597,135

252,753
331,810
108,682
103,928
384,616

102,171
110,168
37,232
34,882
122,885

52,887
56,452
14,842
9,576
56,581

41,035
64,955
21,687
3,837
33,053

56.3
58.9
59.6
68.3
64.4

2 2 .8

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

502,709
261,621
1,224,935
48,544

319,459
172,887
834,910
25,574

1 1 1 ,2 1 1

46,802
23,344
95,925
7,002

25,237
13,023
27,585
4,574

63.6

52,367
266,515
11,394

6 6 .1
6 8 .2

2 2 .1
2 0 .0
2 1 .8

52.7

23.5

67.7
64.3
64.8

2 .8

3.9

9.3
8.9
7.6
8.5
4.6

3.4
5.6
2.7
4.5

9.0
7.6
11.5
7.7
11.7

5.1
2.4
7.1
3.9
4.1
2.4
9.6

22.3

8.3
16.0
8.4
7.1

2 0 .8

1 2 .6

10.5

19.5
17.6
25.5
21.7
19.1

7.7
7.6
1 1 .8
8 .8
8 .8

8.5
5.1
3.4
5.3

18.6
18.6
2 0 .1

17.9
21.5
20.7
2 0 .6
2 2 .2

2 0 .6

26.0
20.3
22.7
19.7
24.1

2 0 .6

8 .1

2 .1
2 .6

6 .0

3.8
5.5

7.5
9.4
8.7

2 .1
6 .6

1 1 .8
1 0 .0
8 .1

9.1
11.5
11.9
2.5
5.5

6.3
9.5
9.3
8.9
7.8
14.4

2.4

5.0
5.0

BANKS

19.6
20.4
22.9

9.4

2 .0

COMMERCIAL

6 6 .1

22.4
19.6

5.7
5.1
3.9

INSURED

6 6 .1

9.0
10.4
9.7

I
N

56.1

1 2 .8
1 2 .0

2 1 .8

DEPOSITS




6 6 .8

25.6
23.9

2 .2

9.4

co
CO

Table 54.

D i s t r i b u t io n o f D e m a n d D e p o s it s of I n d iv id 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 19, 1951
BANKS GROUPED BY AM OUNT OF DEPOSITS

Deposits (in thousands) in accounts of—
Size group

$10,292,213

$48,004,356

5,203
94,150
607,963
1,716,672
4,062,924

938
20,659
153,134
500,432
1,295,923

554
12,571
108,136
412,296
1,250,207

137
5,658
51,640
282,361
1,240,094

7,119,356
8,896,215
6,258,544
6,042,217
9,850,668

3,110,749
3,118,745
1,823,935
1,365,042
1,747,872

1,046,746
1,119,122
685,358
533,242
708,037

1,179,267
1,428,799
948,046
802,554
1,095,105

1,782,594
3,229,549
2,801,205
3,341,379
6,299,654

43.7
35.0
29.1
17.7

7.2

$250,000,000 to $500,000,000..........................
$500,000,000 to $1,000,000,000.......................
$1,000,000,000 to $2,500,000,000....................
Over $2,500,000,000.........................................

8,449,210
6,847,787
15,299,453
8,286,492

1,177,122
1,014,544
1,415,749
1,317,582

486,740
395,466
630,956
420,020

782,743
611,741
1,037,166
623,028

6,002,605
4,826,036
12,215,582
5,925,862

13.9
14.8
9.3
15.9

5.8
5.8
4.1
5.1

Percent of total..............................................
Banks with deposits of—
$250,000 or less.................................................
$250,000 to $500,000........................................
$500,000 to $1,000,000.....................................
$1 ,0 0 0 , 0 0 0 to $2 ,0 0 0 , 0 0 0 ..................................
$2,000,000 to $5,000,000..................................

100.0%

100.0%

100.0%

100.0%

100.0%

(1)
.3
1.9

.1
1 .1

C)
1

$88,871,594

$22,578,252

Banks with deposits of—
$250,000 or less.................................................
$250,000 to $500,000.........................................
$500,000 to $1,000,000.....................................
$ 1 ,0 0 0 , 0 0 0 to $2 ,0 0 0 , 0 0 0 ..................................
$2,000,000 to $5,000,000..................................

6,832
133,038
920,873
2,911,761
7,849,148

$5,000,000 to $10,000,000................................
$ 1 0 ,0 0 0 , 0 0 0 to $25,000,000..............................
$25,000,000 to $50,000,000..............................
$50,000,000 to $100,000,000............................
$100,000,000 to $250,000,000..........................

( 1)

8 .8

0)
.4
2.7
7.6
18.0

16.2

1 2 .1

0 )
( 1)
.1
.6
2 .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............................
$100,000,000 to $250,000,000..........................

8 .0
1 0 .0

13.8
13.8

13.1
14.0

8 .1
6 .0

8 .6

11.5
13.9
9.2
7.8
10.7

3.7
6.7
5.8
7.0
13.1

$250,000,000 to $500,000,000..........................
$500,000,000 to $1,000,000,000.......................
$1,000,000,000 to $2,500,000,000....................
Over $2,500,000,000.........................................

9.5
7.7
17.3
9.3

1 Less than .05 percent.



.1
1 .0

3.3

7.1
6 .8
1 1 .1

6 .2

7.8

6.7
8.9

5.2
4.5
6.3
5.8

4.9
7.9
5.2

6 .1

4.0

7.6
5.9

1 0 .1

1 0 .0
6 .1

25.4
12.4

12.5

25.4%
76.2
70.8
6 6 .0

58.9
51.8

2 2 .6

$5,000
to
$1 0 , 0 0 0
9.0%
13.7
15.5
16.6
17.2
16.5
14.7
1 2 .6
1 1 .0
8 .8

$1 0 , 0 0 0
to
$25,000
11.6%

More
than
$25,000
54.0%

8 .1

2 .0

9.4

4.3
5.6
9.7
15.8

1 1 .8

14.2
15.9
16.6
16.1
15.1
13.3
1 1 .1

9.3
8.9
6 .8

7.5

25.0
36.3
44.8
55.3
64.0
71.0
70.5
79.8
71.5

CORPORATION

$7,996,773

Demand deposits— total...................................

$5,000
or less

INSURANCE

More
than
$25,000

$5,000
or less

DEPOSIT

$1 0 , 0 0 0
to
$25,000

Total

FEDERAL

$5,000
to
$1 0 ,0 0 0

Percent of total deposits—

T a b le 55.

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 i 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 i o n s ,
A c c o r d i n 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 19, 1951
BANKS GROUPED B Y AM OUNT OF DEPOSITS

Deposits (in thousands) in accounts of—
Size group

$1 0 , 0 0 0
to
$25,000

More
than
$25,000

$5,000
or less

$5,000
to
$1 0 , 0 0 0

$1 0 , 0 0 0
to
$25,000

More
than
$25,000

$7,455,899

$3,445,533

$2,241,802

1,414
31,312
312,452
1,208,088
3,958,216

1 ,0 0 2

$250,000 to $500,000........................................
$500,000 to $1,000,000.....................................
$1 ,0 0 0 , 0 0 0 to $2 ,0 0 0 , 0 0 0 ..................................
$2,000,000 to $5,000,000..................................

22,853
220,449
817,348
2,575,871

304
6,451
67,030
265,851
886,539

108
1,600
20,895
101,481
373,776

408
4,078
23,408
122,030

70.9
73.0
70.6
67.7
65.1

$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............................
$100,000,000 to $250,000,000..........................

4,185,252
5,249,262
3,318,252
2,479,412
2,983,273

2,732,365
3,444,801
2,145,763
1,588,211
1,829,389

906,056
1,103,655
698,949
520,329
634,569

385,832
461,642
288,989
217,473
279,625

160,999
239,164
184,551
153,399
239,690

65.3
65.6
64.7
64.0
61.3

2 1 .6
2 1 .0
2 1 .1
2 1 .0

9.2

21.3

9.4

6 .2
8 .0

$250,000,000 to $500,000,000..........................
$500,000,000 to $1,000,000,000.......................
$1,000,000,000 to $2,500,000,000...................
Over $2,500,000,000.........................................

2,822,495
1,676,462
3,156,235
2,992,004

1,643,386
943,000
1,761,439
1,505,018

608,303
399,231
703,134
655,498

302,311
205,379
357,714
448,708

268,495
128,852
333,948
382,780

58.2
56.2
55.8
50.3

2 1 .6

10.7
12.3
11.3
15.0

1 0 .6
1 2 .8

Percent of total...............................................
Banks with deposits of—
$250,000 or less.................................................
$250,000 to $500,000........................................
$500,000 to $1,000,000.....................................
$1 ,0 0 0 , 0 0 0 to $2 ,0 0 0 , 0 0 0 ..................................
$2,000,000 to $5,000,000..................................

100.0%

100.0%

100.0%

100.0%

100.0%

$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............................
$100,000,000 to $250,000,000..........................
$250,000,000 to $500,000,000..........................
$500,000,000 to $1,000,000,000.......................
$1,000,000,000 to $2,500,000,000...................
Over $2,500,000,000.........................................

1 Less than .05 percent.



0

)
.1

.9
3.5
11.5
1 2 .2

15.3
9.7
7.2
8.7
8 .2

4.8
9.2
8.7

(1)
.1
1 .0

3.9
1 2 .1

12.9
16.2
1 0 .1

7.5
8 .6

7.8
4.4
8.3
7.1

0

)

0

)

.9
3.6
11.9

2.9

0 )
.2
1 .0

1 0 .8

5.4

1 2 .1

1 1 .2

14.8
9.4
7.0
8.5

13.4
8.4
6.3

7.2
10.7

.1

8 .1

5.4
9.4
8 .8

.1
.6

8 .1
8 .8
6 .0

10.4
13.0

8 .2

6.9
10.7
1 2 .0

5.7
14.9
17.1

61.8%

21.7%
21.5
2 0 .6

21.4
2 2 .0

22.4

23.8
22.3
21.9

10.0%
7.6
5.1
6.7
8.4
9.4
8 .8

8.7
8 .8

6.5%

1.3
1.3
1.9
3.1
3.9
4.6
5.5

9.5
7.7

BANKS

$21,230,895

Banks with deposits of—

COMMERCIAL

$34,374,129

Savings and time accounts— total................

INSURED

$5,000
or less

I
N

Total

DEPOSITS

$5,000
to
$1 0 ,0 0 0

Percent of total deposits—

D

e t a il e d

T ables: D

T able 56.

is t r ib u t io n

A

of

ccounts a n d

D

e p o s it s b y

Siz e

of

A

ccount,

Insured M

utual

Sa v in g s B a n k s

D i s t r i b u t i o n o f A c c o u n t s A c c o r d in g t o S i z 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 19, 1951
B AN K S GROUPED B Y FEDERAL DEPOSIT INSURANCE CORPORATION DISTRICT, STATE, AM OUNT OF
DEPOSITS, POPULATION OF CENTER, AND PERCENT OF DEPOSITS INSURED,* AND ACCOUNTS B Y TYPE

Classification

More
than
$25,000

$5,000
or less

$5,000
to
$1 0 , 0 0 0

$1 0 , 0 0 0
to
$25,000

201

13,400,919

12,454,220

882,919

61,987

1,793

92.9%

6 .6

20

344,047
10,512,870
1,563,690
483,358
57,185
188,892
250,877

331,045
9,699,745
1,488,789
466,136
55,026
178,016
235,463

11,237
773,865
58,409
13,689
1,865
10,064
13,790

1,711
38,862
15,455
3,256
267
812
1,624

54
398
1,037
277
27

96.2
92.3
95.2
96.4
96.2
94.3
93.9

3.3
7.4
3.7

45,563
28,404
48,033
483,358

43,364
26,927
46,433
466,136

1,757
1,279
1,310
13,689

435
174
276
3,256

7
24
14
277

95.2
94.8
96.7
96.4

3.9
4.5
2.7
2 .8

.7

178,016
750,345
8,949,400
264,624
9,959

10,064
28,748
745,117
11,341
1,346

812
5,350
33,512
2,471
84

272
126
337

94.3
95.6
92.0
94.9
87.5

5.3
3.7
7.7
4.1

.4
.7
.3
.9
.7

1,224,165
138,397
102,851
225,504
28,099

47,068
4,114
4,056
12,444
586

12,984
561
439
1,540
93

153
10
6
6
1

5
3
3
7
6

Minnesota..
........................
New Jersey...........................................
New York.............................................
Ohio.......................................................
Oregon
.
....
....

23
130
3
1

188,892
784,715
9,728,155
278,773
11,389

Pennsylvania........................................
Rhode Island........................................
Vermont................................................
Washington
Wisconsin..............................................

7
3
7
4
3

1,284,917
143,083
107,368
239,488
28,781




$1 0 ,0 0 0
to
$25,000

1

700
11
22

3

95.3
96.7
95.8
94.2
97.6

2 .8

3.3
5.3
5.5

1 1 .8

3.7
2.9
3.8
5.2
2 .1

%

More
than
$25,000

•5%

«%

.5
.3

0)
C)
1
.1
.1

1 .0

.7
.5
.4

(x
)

.6

.9

C)
1

.6
.6

w

1 .0

.4
.4

.1
.1

C)
1
C)
1
.1

0)
C)
1
(*)

.6

.3

0

)

CORPORATION

State
Connecticut..........................................
Indiana..................................................
Maine....................................................
Maryland..............................................

$5,000
to
$1 0 ,0 0 0

INSURANCE

FDIC District
District 1 ..............................................
District 2 ..............................................
District 3 ..............................................
District 4 ..............................................
District 7 ..............................................
District 9
District 12
..

$5,000
or less

DEPOSIT

United States.............................................

Total

FEDERAL

Percent of total accounts

Number of accounts
Number
of banks

2
10

9
12

5
19
9
126

92.4
96.4
95.0
95.2
94.3

6.7
3.1
4.5
4.4
5.2

.9
.4
.5
.4
.5

1,153,114
1,895,876
4,031,080
2,508,069
1,780,298

62,669
120,281
239,564
238,817
164,276

5,978
9.782
19,093
8.782
13,125

157
294
861
47
275

94.4
93.6
94.0
91.0
90.9

5.1
5.9
5.6
8.7
8.4

.5
.5
.4
.3
.7

7,853
63,003
59,776
118,267

7,473
56,553
54,918
112,128

349
5,951
4,587
5,627

31
498
268
492

3
20

95.2
89.8
91.9
94.8

4.4
9.4
7.7
4.8

.4
.4

315,501
575,156
322,878
744,610

16,963
31,130
19,013
44,531

1,938
3,632
1,458
3,808

44
106
37
59

94.3
94.3
94.0
93.9

5.1
5.1
5.6
5.6

.4
.5

1

13
13
4
54

970,710
1,441,787
1,199,065
7,459,594

922,834
1,357,523
1,145,247
6,839,399

42,569
71,332
41,985
598,882

5,190
12,283
11,185
21,204

117
649
648
109

95.1
94.2
95.5
91.7

4.4
4.9
3.5
8 .0

.5
.9
.9
.3

13,183,332
217,587

12,243,156
211,064

877,764
5,155

60,829
1,158

1,583

92.9
97.0

6.7
2.4

.4
.5

69,011
12,890,400
28
1,776

68,655
11,945,611

228
881,651
7

109
61,527
9
65

19
1,611

99.5
92.7
21.4
89.0
95.1
99.4
99.9

25.0
3.7

than .05 percent.

66

33
710
224

22

95
160

65
4
32
56

.3
6 .8

2 .8

.5
.1

.2

.5
32.2
3.7
1 .8
.1

C)
1

0
0

)
)
.1

V)

C)
1
.1

C)
1
0)
21.4
3.6
.3
(*)
0)

103




1,580
1,141
143,761
293,466

6

0)
C)
1
C)
1
0)

BANKS

1 Less

1 ,2 0 0

144,598
293,906

6

.6
.6

i1
)
)
(r)
0

SAVINGS

250.000 to 500,000.......
500.000 to 1,000,000.. .
1,000,000 to 2,500,000.
2.500.000 and over. . . .

Type of account
Individual, partnership, and corpora­
tion accounts:
Demand............................................
Savings and time..............................
Interbank accounts..............................
Government accounts..........................
Uninvested trust funds.......................
Drafts....................................................
Other items...........................................

)

MUTUAL

19

334,446
610,024
343,386
793,008

210

0
0

INSURED

26
29

Banks with percent of deposits in­
sured of—
90 to 99 percent...................................
80 to 89 percent...................................

«
(x
)
C)
1

.4
.8

10.000 to 25,000...
25.000 to 50,000. . .
50.000 to 100,000..
100.000 to 250,000.

10

.1

(x
)
C)
1
i1
)

I
N

4
27
403
1,040
3,753

DEPOSITS

Banks in centers with population
in 1950 of—
500 to 1,000..........................................
1.000 to 2,500.......................................
2,500 to 5,000.......................................
5.000 to 10,000....................................

30
182
3,783
10,768
42,549

1,221,918
2,026,233
4,290,598
2,755,715
1,957,974

$25,000,000 to $50,000,000........
$50,000,000 to $100,000,000___
$100,000,000 to $250,000,000. .
$250,000,000 to $500,000,000. .
$500,000,000 to $1,000,000,000.

415
5,753
80,019
232,988
766,608

AD
N

449
5,967
84,224
244,805
813,036

ACCOUNTS

Banks with deposits of—
$1 ,0 0 0 , 0 0 0 or less.................
$1 ,0 0 0 , 0 0 0 to $2 ,0 0 0 ,0 0 0 . . .
$2,000,000 to $5,000,000. . .
$5,000,000 to $10,000,000. .
$10,000,000 to $25,000,000.

T able 57.

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 t o

S iz e

of

A ccount, I nsured

M utual

Sa v in g s

B a n k s , Septem ber

19, 1951

BAN KS GROUPED B Y FEDERAL DEPOSIT INSURANCE CORPORATION DISTRICT, STATE, AM OUNT OF
DEPOSITS, p o p u l a t i o n

of

center,

AND PERCENT OF DEPOSITS i n s u r e d ; a n d

accounts

grouped

$5,000
or less

$5,000
to
$1 0 ,0 0 0

$1 0 , 0 0 0
to
$25,000

More
than
$25,000

$5,000
or less

$1 0 , 0 0 0
to
$25,000

64.1
56.9
52.7
59.9
63.6
57.1
50.7

26.7
39.2
28.2
24.9
25.4
38.0
41.8

8.4
3.7
15.6
12.3
7.9
4.9
7.5

238
1,340
592
10,725

56.6
63.6
62.9
59.9

29.0
24.6
24.6
24.9

13.8
7.6

11,408
6,539
18,596

57.1
58.9
56.8
49.4
50.6

38.0
28.5
39.8
29.4
44.8

4.9
10.9
3.3
13.7
4.6

53.4
66.4
65.4
50.7
63.5

27.9
25.9
27.5
41.5
27.1

16.1
7.4
6.3
7.8
8.7

$5,689,847

$775,705

$79,935

262,247
12,688,071
1,356,820
364,573
45,890
171,323
223,718

168,020
7,225,237
714,931
218,445
29,177
97,874
113,471

70,148
4,976,883
382,107
90,604
11,636
65,062
93,407

22,117
468,004
211,918
44,799
3,640
8,387
16,840

State
Connecticut....................................................
Indiana...........................................................
M aine..............................................................
Maryland........................................................

40,559
31,722
34,034
364,573

22,946
20,185
21,416
218,445

11,777
7,796
8,373
90,604

5,598
2,401
3,653
44,799

Minnesota
New Jersey.....................................................
New Y ork.......................................................
Ohio.................................................................
Oregon
. ...

171,323
651,959
12,036,112
247,470
18,390

97,874
384,001
6,841,236
122,354
9,307

65,062
185,730
4,791,153
72,702
8,235

8,387
70,820
397,184
33,818
848

Pennsylvania..................................................
Rhode Island..................................................
Vermont..........................................................
Washington
.
................
Wisconsin........................................................

1,109,350
99,002
88,652
205,328
14,168

592,577
65,719
57,939
104,164
8,992

309,405
25,616
24,382
85,172
3,840

178,100
7,297
5,569
15,992
1,239

29,268
370
762
97

5.1%

1 0 .8

12.3

•5%
.8
.2

3.5
2.9
3.1

.6

4.2
1.7
2.9
1.7
.1

7.5
2 .6

.3
.8

.7

CORPORATION

1,962
17,947
47,864
10,725
1,437

$8,567,155

INSURANCE

37.7%

$15,112,642

FDIC District
District 1........................................................
District 2 ........................................................
District 3 ........................................................
District 4 ........................................................
District 7 ........................................................
District 9
District 12

More
than
$25,000

DEPOSIT

56.7%

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




$5,000
to
$1 0 , 0 0 0

FEDERAL

Total

type

Percent of total deposits—

Deposits (in thousands) in accounts of—
Classification

by

521
5,014
74,824
203,300
779,523

276
3,411
44,047
119,119
447,401

197
1,127
24,728
70,840
279,164

48
347
5,185
12,839
47,001

129
864
502
5,957

6 8 .0

58.9
58.6
57.4

37.8
22.5
33.0
34.8
35.8

9.2
6.9
6.9
6.3

2 .6
1 .2

6 .0

.8

$25,000,000 to $50,000,000..........................
$50,000,000 to $100,000,000........................
$100,000,000 to $250,000,000......................
$250,000,000 to $500,000,000......................
$500,000,000 to $1,000,000,000...................

1,162,344
2,159,103
4,292,740
3,740,349
2,694,924

669,830
1,234,445
2,477,188
2,103,247
1,468,191

410,196
787,862
1,536,048
1,531,589
1,048,096

76,190
125,349
236,572
103,379
168,855

6,128
11,447
42,932
2,194
9,782

57.6
57.2
57.7
56.2
54.5

35.3
36.5
35.8
40.9
38.9

6 .6

Banks in centers w ith p opu lation o f—
500 to 1,000....................................................
1.000 to 2,500................................................
2,500 to 5,000.................................................
5.000 to 10,000...............................................

6,377
90,461
71,501
108,246

3,697
44,542
37,557
64,861

2,281
39,810
30,551
36,218

399
6,080
3,279
6,298

29
114
869

58.0
49.2
52.5
59.9

35.8
44.0
42.7
33.5

10.000 to 25,000............................................
25.000 to 50,000.............................................
50.000 to 100,000...........................................
100.000 to 250,000.........................................

312,645
564,076
350,199
783,300

173,584
307,267
203,630
438,884

112,723
207,055
125,736
294,669

24,703
45,864
18,135
47,649

1,635
3,890
2,698
2,098

55.5
54.5
58.1
56.0

36.1
36.7
35.9
37.6

250.000 to 500,000.........................................
500.000 to 1,000,000.....................................
1,000,000 to 2,500,000..................................
2.500.000 and over........................................

811,558
1,397,085
995,556
9,621,638

463,419
733,076
539,780
5,556,858

279,678
474,739
275,327
3,811,060

62,347
159,687
153,331
247,933

6,114
29,583
27,118
5,787

57.1
52.5
54.2
57.7

34.5
34.0
27.7
39.6

Banks with percent of deposits insured
o f—
90 to 99 percent.............................................
80 to 89 percent.............................................

14,980,118
132,524

8,498,575
68,580

5,655,996
33,851

759,818
15,887

65,729
14,206

56.7
51.7

37.8
25.6

1 2 .0

Type of accou n t
Individual, partnership, and corporation
accounts:
Demand......................................................
Savings and time.......................................
Interbank accounts.......................................
Government accounts...................................
Uninvested trust funds.................................
Drafts..............................................................
Other items............... .....................................

15,207
15,016,957
706
8,650
1,371
36,911
32,840

11,106
8,499,987
27
554
643
28,738
26,100

1,590
5,681,164
56
460

1,678
768,534
144
1,076
347
1,424
2,502

833
67,272
479
6,560
171
1,971
2,649

73.0
56.6
3.8
6.4
46.9
77.9
79.5

10.5
37.8
7.9
5.3
15.3
12.9
4.8

5.1
20.4
12.4
25.3
3.9
7.6

.5
.5

2 .8

1 .0
.1

6.3

.3

6.7
4.6
5.8

.1
.2
.8

7.9

.5
.7

DEPOSITS

5.8
5.5

.3

AD
N

6 .2

8 .1

5.2
6 .1

.7
2 .1

2.7
.1

5.1

.4
10.7

1 1 .0

8 .1

SAVINGS

5.5
.5
67.9
75.9
12.5
5.3

MUTUAL

2 .6

INSURED

7.7
11.4
15.4

.8

.3

I
N
BANKS

105




210

4,778
1,589

53.0

ACCOUNTS

Banks with deposits o f—
$1 ,0 0 0 , 0 0 0 or less...........................................
$ 1 ,0 0 0 , 0 0 0 to $2 ,0 0 0 , 0 0 0 ..............................
$2,000,000 to $5,000,000..............................
$5,000,000 to $10,000,000............................
$10,000,000 to $25,000,000..........................

D

e t a il e d

T

ables

T able 58.

: A

ccounts

F

ully

P

rotected a n d

D

e p o s it s

Insured

w it h

Sp e c if ie d A

m o unts of

C

overage

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 t s o f M a x i m 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 19, 1951
B AN KS GROUPED B Y FEDERAL DEPOSIT INSURANCE CORPORATION DISTRICT AND STATE

Percent of accounts
fully protected with
maximum coverage of—

Deposits (in thousands) insured
with maximum coverage of—

Percent of deposits
insured with
maximum coverage of—

FDIC District and State
$5,000

$1 0 , 0 0 0

$25,000

$5,000

$1 0 , 0 0 0

$25,000

$5,000

$1 0 , 0 0 0

$25,000

$5,000

$1 0 , 0 0 0

$25,000

97,621,297

95.9%

98.4%

99.4%

$65,510,154

$77,636,004

$91,405,831

42.2%

50.0%

58.8%

United States.................................

96,367,374

97,386,120

95.9

98.4

99.4

65,401,476

77,509,608

91,260,018

42.2

50.0

58.8

Possessions.....................................

230,356

233,665

235,177

97.6

99.0

99.6

108,678

126,396

145,813

44.1

51.3

59.1

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

5,216,235
13,795,269
12,723,933
7,249,470
4,663,613
6,199,766
8,995,978
7,819,717
3,049,787
3,998,602
6,090,118
14,383,025

5,327,547
14,170,172
13,041,241
7,384,279
4,768,019
6,341,277
9,239,039
8,076,637
3,139,674
4,106,510
6,235,112
14,771,532

5,376,367
14,344,559
13,163,368
7,442,269
4,816,224
6,401,401
9,323,586
8,182,972
3,172,815
4,157,725
6,309,489
14,930,522

96.4
95.3
96.2
97.0
96.3
96.3
96.1
94.9
95.7
95.6
95.8
95.9

98.5
97.9
98.6
98.8
98.5
98.5
98.7
98.0
98.5
98.1
98.1
98.5

99.4
99.1
99.5
99.5
99.5
99.4
99.6
99.3
99.5
99.4
99.3
99.5

3,247,134
10,496,729
8,774,176
4,098,736
2,897,372
4,057,970
6,519,035
6,353,811
2,453,655
2,951,387
4,040,495
9,619,654

3,842,417
12,686,086
10,239,200
4,787,239
3,446,094
4,785,327
7,535,860
7,603,817
2,847,683
3,537,721
4,904,908
11,419,652

4,577,042
15,627,331
11,851,672
5,588,493
4,072,241
5,623,371
8,548,983
8,974,385
3,234,033
4,182,323
5,958,881
13,167,076

42.2
28.3
46.3
47.2
48.0
45.0
52.7
41.0
55.6
46.6
40.6
49.7

50.0
34.2
54.0
55.1
57.1
53.0
60.9
49.1
64.6
55.8
49.3
59.0

59.5
42.2
62.5
64.3
67.5
62.3
69.1
57.9
73.3

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

1,197,625
348,001
662,347
11,088,190
761,548

1,220,126
357,513
677,216
11,381,231
784,124

1,230,434
361,800
684,048
11,502,752
794,686

96.9
95.7
96.3
96.0
95.2

98.7
98.3
98.5
98.5
98.0

99.6
99.5
99.5
99.6
99.3

653,211
249,507
430,676
7,080,320
598,578

768,852
298,477
509,074
8,448,535
718,604

898,783
346,633
597,043
9,750,151
849,197

49.6
51.6
53.8
48.8
45.9

58.3
61.7
63.6
58.2
55.1

6 8 .2

71.7
74.6
67.2
65.2

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

1,242,531
243,084
682,328
1,261,221
1,466,059

1,268,608
248,980
697,414
1,301,477
1,492,800

1,279,774
252,148
704,829
1,320,190
1,505,236

96.6
95.7
96.1
94.9
96.9

98.6
98.0
98.3
97.9
98.6

99.5
99.3
99.3
99.3
99.4

777,774
175,778
481,962
998,578
802,945

911,563

1,067,134
255,813
679,405
1,432,053
1,139,698

45.4
35.2
39.6
48.9
42.9

53.3
42.3
46.8
59.1
50.9

62.3
51.2
55.8
70.1
60.9




2 1 1 ,6 6 6

569,704
1,208,200
951,968

6 6 .0

59.8
6 8 .0

c o r p o r a t io n

96,601,039

93,955,157

in s u r a n c e

94,185,513

d e p o s it

United States and possessions. . . .

federal

Number of accounts fully protected
with maximum coverage of—

98.2
97.9
98.5
98.4
98.2

99.5
99.3
99.5
99.5
99.4

257,630
5,007,280
1,764,623
1,346,531
820,418

303,803
6,024,371
2,052,433
1,579,446
976,419

346,886
7,176,603
2,348,322
1,797,782
1,142,826

58.8
38.0
52.8
57.9
51.8

69.4
45.8
61.4
67.9
61.7

79.2
54.5
70.3
77.3
72.2

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

1,275,908
1,301,431
540,292
1,345,865
2,286,490

1,303,469
1,326,536
549,503
1,372,489
2,338,310

1,314,857
1,338,909
553,166
1,383,673
2,364,021

96.6
96.6
97.4
96.8
95.9

98.7
98.5
99.0
98.7
98.1

99.6
99.4
99.7
99.5
99.2

804,347
721,560
274,707
772,323
1,550,257

938,735
316,302
906,278
1,869,880

1,0C1,972
1,050,920
359,257
1,059,261
2,300,863

52.2
39.4
61.5
45.7
35.6

61.0
47.4
70.8
53.6
43.0

70.3
57.4
80.4
62.6
52.9

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

4,191,149
1,969,735
738,708
2,681,522
351,953

4,302,591
2,021,184
753,616
2,748,028
364,671

4,340,182
2,039,079
760,364
2,776,089
370,427

96.1
96.1
96.7
96.0
94.4

98.7
98.6
98.7
98.3
97.8

99.6
99.5
99.6
99.3
99.4

2,927,154
1,481,127
442,638
1,885,248
313,090

3,386,727
1,705,774
517,074
2,233,413
376,113

3,850,640
1,942,632
601,707
2,648,236
437,527

49.9
51.5
55.3
40.6
55.6

57.8
59.3
64.6
48.1

65.7
67.6
75.2
57.0
77.7

Nebraska.......................................
Nevada..........................................
New Hampshire...........................
New Jersey...................................
New M exico..................................

810,415
117,030
237,947
4,448,087
266,631

837,267
121,585
242,630
4,560,034
272,925

849,759
123,480
244,698
4,595,727
276,089

94.7
94.1
96.8
96.4
96.1

97.9
97.8
98.7
98.9
98.3

99.3
99.3
99.6
99.6
99.5

690,617
100,219
135,364
2,957,775
179,584

832,047
121,225
159,074
3,385,730
214,105

980,122
142,183
184,659
3,794,263
250,968

50.2
51.1
56.3
59.8
49.6

60.5
61.8
68.5
59.1

71.3
72.5
76.8
76.7
69.3

New Y ork.....................................
North Carolina.............................
North Dakota..............................
Ohio...............................................
Oklahoma......................................

8,927,502
1,473,281
335,483
5,441,935
1,152,290

9,182,626
1,499,295
347,828
5,580,935
1,175,634

9,317,194
1,511,256
352,198
5,632,240
1,187,267

94.6
97.0
94.9
96.1
96.5

97.3
98.7
98.4
98.6
98.4

98.8
99.5
99.6
99.5
99.4

7,294,839
834,005
313,171
3,767,151
696,708

9,009,005
978,952
362,039
4,387,683
833,755

11,484,931
1,163,496
400,555
5,063,878
998,476

23.2
42.8
69.9
47.1
38.6

28.7
50.3
80.8
54.8
46.2

36.5
59.8
89.4
63.3
55.3

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

978,658
7,281,998
558,661
612,702
392,616

1,010,003
7,460,306
570,645
625,064
405,991

1,021,728
7,531,128
574,974
631,001
411,111

95.3
96.2
96.7
96.6
95.1

98.3
98.5
98.8
98.5
98.3

99.5
99.5
99.5
99.5
99.6

816,321
5,007,025
308,913
367,560
346,267

953,639
5,851,517
361,988
435,205
403,757

1,091,598
6,787,794
422,972
515,043
453,319

56.2
45.6
46.1
49.5
65.9

65.7
53.3
54.0
58.7
76.9

75.2
61.9
63.1
69.4
86.3

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

1,579,989
4,174,055
437,800
350,314
2,114,351

1,612,564
4,278,138
447,873
357,851
2,151,653

1,626,407
4,332,691
451,453
359,734
2,166,246

96.6
95.6
96.5
97.2
97.3

98.6
98.0
98.8
99.3
99.0

99.5
99.2
99.6
99.8
99.6

937,699
2,889,844
282,255
200,119
1,106,642

1,104,105
3,524,304
325,401
223,610
1,279,860

1,296,120
4,310,360
372,553
242,157
1,465,169

45.9
39.7
46.2
74.8
52.5

54.0
48.4
53.3
83.5
60.7

63.4
59.2
61.0
90.5
69.5

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

1,403,119
1,020,943
2,382,983
172,200

1,441,008
1,038,364
2,450,548
178,031

1,456,511
1,045,264
2,472,870
180,924

95.8
97.3
96.0
94.5

98.4
99.0
98.7
97.7

99.5
99.6
99.6
99.3

1,042,568
536,244
1,827,258
145,066

1,220,338
617,240
2,096,700
176,896

1,410,216
706,119
2,350,021
211,702

50.4
54.9
57.5
53.7

59.0
63.1

6 8 .2




8 6 8 ,0 2 2

6 6 .8

6 6 .2

6 6 .0

65.4

72.2
74.0
78.3

COVERAGE

95.0
94.7
96.0
95.5
95.7

SPECIFIED

318,911
6,422,487
2,510,534
1,760,485
1,145,089

WITH

314,699
6,336,830
2,485,900
1,739,807
1,131,454

PROTECTION

304,468
6,130,608
2,421,846
1,689,109
1,102,149

INSURANCE

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

T a b le 59.

A ccounts F u l l y P rotected and D eposits I nsured w it h S pecified A m ounts
I nsured C om m ercial B a n k s , Se p te m b e r 19, 1951

of

M ax im u m C o v e r a g e ,
o

B AN KS GROUPED BY AMOUNT OF DEPOSITS, POPULATION OF CENTER IN WHICH LOCATED,
CLASS, AND PERCENT OF DEPOSITS INSURED; AND ACCOUNTS GROUPED B Y TYPE

Number of accounts fully protected
with maximum coverage of—

Percent of accounts
fully protected with
maximum coverage of—

Deposits (in thousands) insured
with maximum coverage of—

Percent of deposits
insured with
maximum coverage of—

$5,000

$1 0 , 0 0 0

$25,000

$5,000

$1 0 , 0 0 0

$25,000

$5,000

$1 0 , 0 0 0

$25,000

$5,000

$1 0 , 0 0 0

$25,000

99.4%

$65,510,154

$77,636,004

$91,405,831

42.2%

50.0%

58.8%

97,621,297

95.9%

98.5%

Banks with deposits of—
$250,000 or less....................................
$250,000 to $500,000...........................
$500,000 to $1,000,000........................
$1 ,0 0 0 , 0 0 0 to $2 ,0 0 0 , 0 0 0 ....................
$2,000,000 to $5,000,000....................

16,706
287,732
1,791,344
5,300,860
14,014,934

16,903
292,171
1,827,460
5,423,409
14,357,586

16,963
293,475
1,838,765
5,466,150
14,484,396

98.4
97.9
97.3
96.8
96.5

99.6
99.5
99.2
99.0
98.8

1 0 0 .0

99.9
99.9
99.8
99.7

7,838
153,534
1,116,376
3,513,077
9,392,913

8,554
169,343
1,248,369
3,994,346
10,809,432

8,922
180,135
1,339,036
4,362,587
12,011,116

87.0
83.0
79.8
75.0
69.7

95.0
91.5
89.2
85.3
80.2

99.1
97.3
95.7
93.2
89.2

$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..............
$100,000,000 to $250,000,000............

12,749,683
14,644,300
8,421,986
6,448,621
7,680,917

13,053,381
14,990,257
8,637,754
6,613,540
7,893,040

13,169,851
15,127,988
8,727,745
6,687,859
7,994,804

96.5
96.4
96.0
95.7
95.1

98.8
98.7
98.4
98.2
97.8

99.6
99.6
99.5
99.3
99.0

8,340,976
9,497,395
5,866,755
4,506,080
5,698,446

9,660,421
11,082,667
6,916,658
5,404,122
6,960,489

10,893,499
12,709,687
8,080,202
6,519,471
8,653,270

64.0
57.4
50.4
40.7
32.1

74.1
66.9
59.4
48.9
39.2

83.6
76.8
69.4
58.9
48.8

$250,000,000 to $500,000,000............
$500,000,000 to $1,000,000,000.........
$1,000,000,000 to $2,500,000,000___
Over $2,500,000,000............................

5,773,576
3,212,314
6,063,021
7,779,519

5,945,049
3,335,748
6,271,315
7,943,426

6,025,006
3,393,773
6,372,626
8,021,896

94.8
93.5
93.8
96.4

97.6
97.1
97.1
98.4

98.9
98.7
98.6
99.4

4,514,256
3,148,509
5,302,910
4,451,089

5,534,780
3,863,581
6,611,704
5,371,538

6,916,750
4,812,245
8,472,735
6,446,176

29.9
28.5
21.4
30.3

36.7
35.0
26.7
36.6

45.9
43.5
34.2
43.9

Banks in centers with popu­
lation in 1950 of—
Less than 250.......................................
250 to 500.............................................
500 to 1,000..........................................
1,000 to 2,500.......................................
2,500 to 5,000.......................................

503,373
1,378,483
3,078,599
6,878,317
6,144,844

517,202
1,413,791
3,158,360
7,051,073
6,297,606

521,645
1,425,355
3,185,950
7,113,908
6,355,613

96.2
96.5
96.4
96.4
96.4

98.9
99.0
98.9
98.9
98.8

99.7
99.8
99.8
99.7
99.7

376,412
981,396
2,206,420
4,791,537
4,171,111

429,696
1,112,694
2,515,700
5,490,915
4,821,690

471,002
1,203,579
2,744,025
6,047,500
5,395,612

64.5
77.2
74.8
72.3
67.4

73.7
87.5
85.3
82.9
77.9

80.7
94.6
93.1
91.3
87.2

5,000 to 10,000.....................................
10,000 to 25,000...................................
25,000 to 50,000...................................
50,000 to 100,000.................................
100,000 to 250,000...............................

7,935,988
10,384,366
7,629,114
7,143,703
9,217,026

8,128,999
10,629,849
7,811,976
7,307,784
9,431,423

8,202,581
10,727,698
7,885,012
7,375,875
9,525,004

96.4
96.4
96.3
96.3
96.1

98.8
98.7
98.6
98.6
98.4

99.7
99.6
99.5
99.5
99.4

5,261,474
6,725,144
5,001,939
4,590,603
5,943,358

6,086,817
7,839,459
5,847,105
5,400,116
7,078,869

6,844,043
8,941,043
6,731,143
6,328,287
8,467,948

64.9
59.6
55.5
49.3
39.9

75.1
69.5
64.8
58.0
47.6

84.4
79.2
74.6
67.9
56.9

250,000 to 500,000...............................
500,000 to 1,000,000...........................
1,000,000 to 2,500,000........................
2,500,000 and over..............................

7,136,400
15,772,014
4,069,008
6,914,278

7,324,435
16,168,232
4,196,060
7,164,249

7,406,213
16,340,888
4,251,743
7,303,812

95.6
95.9
94.9
93.0

98.1
98.3
97.9
96.4

99.2
99.4
99.2
98.2

5,159,285
10,230,861
3,339,708
6,730,906

6,175,763
12,294,696
4,012,671
8,529,813

7,445,592
14,683,632
4,835,348
11,267,077

37.4
37.7
35.8
19.3

44.8
45.3
43.0
24.5

54.0
54.1
51.8
32.3




CORPORATION

96,601,039

INSURANCE

94,185,513

DEPOSIT

All insured commercial banks. . . .

FEDERAL

Classification

893,925
19,974,807
22,087,675
23,512,172
10,971,183
7,116,722

1 0 0 .0

1 0 0 .0

1 0 0 .0

98.4
97.3
96.8
96.4
96.2

99.3
99.0
98.8
98.6
98.3

99.8
99.7
99.6
99.4
99.2

75
340,380
3,975,880
10,874,130
12,501,090
14,420,703

14,568
4,428,586
13,072,845
14,398,374
15,944,009
9,205,030

613,577
16,112,016
18,493,560
19,069,590
10,761,621
7,248,288

1 0 0 .0

1 0 0 .0

1 0 0 .0

91.9
83.5
74.4
65.0
54.4

93.2
84.5
75.0
64.3
55.2

94.5
85.1
73.3
64.8
54.8

40 to 49 percent...................................
30 to 39 percent...................................
20 to 29 percent...................................
10 to 19 percent...................................
0 to 9 percent.......................................

11,735,880
7,650,511
5,942,404
3,288,025
536,267

6,811,270
6,773,136
4,902,058
1,541,248
96,171

6,203,969
4,965,805
1,292,826
595,086
7,127

95.6
95.4
93.8
92.0
83.5

98.0
97.2
96.6
92.8
83.6

98.8
98.4
97.0
93.7
74.6

8,460,315
5,481,101
5,211,605
3,331,044
913,831

5,577,830
6,726,695
5,433,655
2,542,010
292,402

7,328,078
7,125,244
2,515,147
2,057,586
81,124

45.2
34.0
24.9
15.9
6.9

45.5
35.6
25.4
14.5

45.1
34.0
25.6
17.4

6 .6

6 .6

Class o f bank
National, members F. R. System___
State, members F. R. System............
Not members F. R. System...............

51,070,340
21,508,822
21,606,351

52,387,154
22,103,158
22,110,727

52,963,825
22,364,129
22,293,343

95.8
95.4
96.6

98.3
98.1
98.9

99.3
99.2
99.7

35,540,223
16,007,440
13,962,491

42,403,977
19,186,920
16,045,107

50,443,845
23,093,039
17,868,947

39.5
36.3
65.7

47.1
43.5
75.5

56.1
52.3
84.0

T ype o f accou n t
Individual, partnership, and cor­
poration accounts:
Demand.............................................
Savings and time..............................
Interbank accounts..............................
Government accounts..........................
Uninvested trust funds.......................
Drafts....................................................
Other items...........................................

41,812,909
45,140,817
30,414
197,972
691,783
649,758
5,661,860

42,962,001
46,307,906
41,402
227,232
716,791
662,776
5,682,931

43,638,402
46,562,402
60,396
256,240
735,529
673,475
5,694,853

94.9
96.9
24.5
65.4
92.4
95.2
99.3

97.5
99.4
33.3
75.1
95.8
97.1
99.6

99.1
99.9
48.6
84.7
98.3
98.6
99.9

33,740,082
28,529,345
514,581
797,018
662,810
373,642
892,676

41,407,765
31,612,804
958,527
1,239,584
873,080
502,271
1,041,973

51,039,063
33,084,952
2,049,700
2,117,499
1,173,371
705,631
1,235,615

38.0
83.0
3.8
6.3
28.1
29.4
39.5

46.6
92.0
7.1
9.7
37.1
39.5
46.1

57.4
96.2
15.1
16.7
49.8
55.4
54.7

The number of banks in each category varies with the maximum coverage. For the number of banks, see Table 61, p. 112.

COVERAGE




SPECIFIED

1

WITH

27,522
6,339,935
17,674,046
19,220,642
22,227,644
10,987,367

PROTECTION

268
666,359
6,336,956
16,546,789
18,906,876
22,575,178

INSURANCE

Banks with percent o f deposits
insured o f — 1
percent...........................................
90 to 99 percent...................................
80 to 89 percent...................................
70 to 79 percent...................................
60 to 69 percent...................................
50 to 59 percent...................................
100

T a b le 60.

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 i t s I n s u r e d w i t h S p e c i f i e 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 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 19, 1951

banks
p o p u l a t io n

grouped

of

center

by
in

federal
w h ic h

d e p o s it

located,

in s u r a n c e
and

Number of accounts fully protected
with maximum coverage of—

c o r p o r a t io n

percent

of

d is t r ic t ,

d e p o s it s

Percent of accounts
fully protected with
maximum coverage of—

in s u r e d

1

state,

; and

amount
accounts

of

d e p o s it ,

grouped

Deposits (in thousands) insured
with maximum coverage of—

by

type

Percent of deposits
insured with
maximum coverage of—

1

Classification
$1 0 , 0 0 0

$25,000

$5,000

$1 0 , 0 0 0

$25,000

$5,000

$1 0 , 0 0 0

$25,000

$13,300,650

$14,894,802

$15,077,532

88.0%

98.6%

99.8%

233,030
11,290,862
1,089,436
304,555
39,972
152,254
190,541

255,818
12,594,720
1,261,958
344,379
43,753
171,056
223,118

261,635
12,680,074
1,334,881
360,773
45,128
171,323
223,718

88.9
89.0
80.3
83.5
87.1
88.9
85.2

97.5
99.3
93.0
94.5
95.3
99.8
99.7

1 0 0 .0
1 0 0 .0

33,941
27,570
29,416
304,555

39,143
29,961
32,689
344,379

40,496
30,982
33,792
360,773

83.7
86.9
86.4
83.5

96.5
94.4
96.0
94.5

99.8
97.7
99.3
99.0

152,254
555,851
10,735,011
193,099
16,457

171,056
625,951
11,968,769
223,136
18,382

171,323
647,351
12,032,723
237,299
18,390

88.9
85.3
89.2
78.0
89.5

99.8
96.0
99.4
90.2

1 0 0 .0

1 0 0 .0

1 0 0 .0

896,337
89,149
80,524
174,084
12,402

1,038,822
97,055
86,931
204,736
13,792

1,097,582
98,907
88,440
205,328
14,146

80.8
90.0
90.8
84.8
87.5

93.6
98.0
98.1
99.7
97.3

98.9
99.9
99.8

United States.....................................

12,454,220

13,337,139

13,399,126

92.9%

99.5%

100.0%

FDIC District
District 1 ..............................................
District 2 ..............................................
District 3 ..............................................
District 4 ..............................................
District 7 ...............................................
District 9 ...............................................
District 12............................................

331,045
9,699,745
1,488,789
466,136
55,026
178,016
235,463

342,282
10,473,610
1,547,198
479,825
56,891
188,080
249,253

343,993
10,512,472
1,562,653
483,081
57,158
188,892
250,877

96.2
92.3
95.2
96.4
96.2
94.3
93.9

99.5
99.6
98.9
99.3
99.5
99.6
99.4

1 0 0 .0
1 0 0 .0

State
Connecticut..........................................
Indiana..................................................
Maine....................................................
Maryland..............................................

43,364
26,927
46,433
466,136

45,121
28,206
47,743
479,825

45,556
28,380
48,019
483,081

95.2
94.8
96.7
96.4

99.0
99.3
99.4
99.3

1 0 0 .0

Minnesota.............................................
New Jersey...........................................
New Y ork.............................................
Ohio.......................................................
Oregon...................................................

178,016
750,345
8,949,400
264,624
9,959

188,080
779,093
9,694,517
275,965
11,305

188,892
784,443
9,728,029
278,436
11,389

94.2
95.6
92.0
94.9
87.4

99.6
99.3
99.7
99.0
99.3

1 0 0 .0
1 0 0 .0
1 0 0 .0
1 0 0 .0

Pennsylvania........................................
Rhode Island........................................
Vermont................................................
Washington...........................................
Wisconsin..............................................

1,224,165
138,397
102,851
225,504
28,099

1,271,233
142,511
106,907
237,948
28,685

1,284,217
143,072
107,346
239,488
28,778

95.3
96.7
95.8
94.2
97.6

98.9
99.6
99.6
99.4
99.7

1 0 0 .0
1 0 0 .0
1 0 0 .0
1 0 0 .0

Banks with deposits of—
$1 ,0 0 0 , 0 0 0 or less.................................
$1 ,0 0 0 , 0 0 0 to $2 ,0 0 0 , 0 0 0 ....................
$2,000,000 to $5,000,000....................
$5,000,000 to $10,000,000..................
$10,000,000 to $25,000,000................

415
5,753
80,019
232,988
766,608

445
5,935
83,802
243,756
809,157

449
5,962
84,205
244,796
812,910

92.4
96.4
95.0
95.2
94.3

99.1
99.5
99.5
99.6
99.5

1 0 0 .0

446
4,481
65,072
178,204
679,541

513
4,858
72,995
200,449
765,355

521
5,010
74,435
203,023
776,716

85.6
89.4
87.0
87.7
87.2

98.5
96.9
97.6
98.6
98.2

1 0 0 .0

1 0 0 .0
1 0 0 .0
1 0 0 .0

$25,000,000 to $50,000,000................
$50,000,000 to $100,000,000..............
$100,000,000 to $250,000,000............
$250,000,000 to $500,000,000............
$500,000,000 to $1,000,000,000

1,153,114
1,895,876
4,031,080
2,508,069
1,780,298

1,215,783
2,016,157
4,270,644
2,746,886
1,944,574

1,221,761
2,025,939
4,289,737
2,755,668
1,957,699

94.4
93.6
94.0
91.0
90.9

99.5
99.5
99.5
99.7
99.3

1 0 0 .0
1 0 0 .0
1 0 0 .0
1 0 0 .0
1 0 0 .0

1,013,850
1,886,230
3,774,778
3,341,477
2,356,571

1,141,376
2,123,067
4,212,776
3,723,126
2,650,287

1,160,141
2,155,006
4,271,333
3,739,330
2,692,017

87.2
87.4
87.9
89.3
87.4

98.2
98.3
98.1
99.5
98.3

99.8
99.8
99.5




99.9
99.9
1 0 0 .0
1 0 0 .0
1 0 0 .0

99.9
1 0 0 .0

99.9

99.9
99.9

99.9

99.8
1 0 0 .0

98.4
99.0
98.3

99.3
1 0 0 .0

95.9

1 0 0 .0

99.8

99.9
99.5
99.9
99.6

1 0 0 .0
1 0 0 .0

CORPORATION

$1 0 ,0 0 0

INSURANCE

$5,000

DEPOSIT

$25,000

FEDERAL

$5,000

Banks in centers with population in 1950 o f500 to 1,000..................
1.000 to 2,500...............
2,500 to 5,000...............
5.000 to 10,000.............

7,473
56,553
54,918
112,128

7,822
62,504
59,505
117,755

7,853
63,002
59,773
118,247

95.2
89.8
91.9
94.8

99.6
99.2
99.5
99.6

1 0 0 .0
1 0 0 .0
1 0 0 .0
1 0 0 .0

5,597
76,792
61,847
95,556

6,288
89,342
70,818
106,199

6,377
90,457
71,462
107,877

87.8
84.9
86.5
88.3

98.6
98.8
99.0
98.1

1 0 0 .0
1 0 0 .0

10.000 to 25,000...
25.000 to 50,000...,
50.000 to 100,000..
100.000 to 250,000.

315,501
575,156
322,878
744,610

332,464
606,286
341,891
789,141

334,402
609,918
343,349
792,949

94.3
94.3
94.0
93.9

99.4
99.4
99.6
99.5

1 0 0 .0
1 0 0 .0
1 0 0 .0
1 0 0 .0

268,309
481,607
306,170
680,874

306,127
551,702
344,316
772,223

312,110
562,836
348,426
782,677

85.8
85.4
87.4
86.9

97.9
97.8
98.3
98.6

99.8
99.8
99.5
99.9

250.000 to 500,000.......
500.000 to 1,000,000.. .
1,000,000 to 2,500,000.
2.500.000 and o v e r .. . .

922,834
1,357,523
1,145,247
6,839,399

965,403
1,428,855
1,187,232
7,438,281

970,593
1,441,138
1,198,417
7,459,485

95.1
94.2
95.5
91.7

99.5
99.1
99.0
99.7

1 0 0 .0
1 0 0 .0

702,799
1,154,396
808,870
8,657,833

796,167
1,337,135
933,437
9,581,048

808,369
1,383,727
984,638
9,618,576

8 6 .6

82.6
81.2
90.0

98.1
95.7
93.8
99.6

99.6
99.0
98.9

Banks with percent of deposits
insured of— 2
1 0 0 percent...........................................
90 to 99 percent...................................
80 to 89 percent...................................
70 to 79 percent...................................

4,670,850
7,119,814
663,556

13,120,920
216,219

93.7
92.3
94.7

99.5
99.4

4,898,176
7,899,385
503,089

14,778,691
116,111

91.5
86.7
77.1

98.7
87.6

99.7

68,655
11,945,611

68,883
12,827,262
13
1,646
1,174
144,471
293,690

99.5
92.7
21.4
89.0
95.1
99.4
99.9

99.8
99.5
46.4
92.7
97.8
99.9
99.9

1 2 ,8 8 6

13,976
14,812,531
233
2,314
1,113
34,786
29,849

84.7

91.9
98.6
33.0
26.8
81.2
94.2
90.9

97.6
99.8
53.4
42.9
94.8
96.8
96.2

22

78.6
96.3
99.7
1 0 0 .0
1 0 0 .0

13,223,932
137
1,534
938
32,923
28,300

14,849
14,989,960
377
3,715
1,300
35,740
31,591

1 0 0 .0

8 8 .1

19.4
17.7
68.4
89.2
8 6 .2

Because of rounding to tenths of 1 percent, percentages shown as 100.0 may represent either complete coverage or a coverage of 99.95 percent or more.
The number of banks in each category varies with the maximum coverage. For the number of banks, see Table 61, p. 112.

COVERAGE




SPECIFIED

1,711
1,196
144,566
293,850

1 0 0 .0
1 0 0 .0

3,657,491
11,420,041

WITH

1,580
1,141
143,761
293,466

68,992
12,888,789

1 0 0 .0
1 0 0 .0

1 0 0 .0

PROTECTION

1
2

6

1 0 0 .0

INSURANCE

Type of account
Individual, partnership, and cor­
poration accounts:
Demand.............................................
Savings and time.............................
Interbank accounts..............................
Government accounts.........................
Uninvested trust funds.......................
Drafts....................................................
Other items...........................................

3,270,562
10,128,564

99.9

99.9
99.7

D is t r ib u t io n o f In s u re d B a n k s g r o u p e d b y P e r c e n t a g e o f D e p o s its

12
1

T able 61.

I n s u r e d u n d e r S p e c i f i e d A m o u n t s o f M a x im u m C o v e r a g e , S e p t e m b e r , 19, 1951
Number of banks grouped by percent of
deposits insured with maximum coverage of—

Percentage of banks grouped by percent of
deposits insured with maximum coverage of—

Percent of deposits insured
$25,000

$ 1 0 ,0 0 0

$5,000

Banks with percent of deposits insured of—
1 0 0 percent......................................................................................................
90 to 99 percent..............................................................................................
80 to 89 percent..............................................................................................
70 to 79 percent.............................................................................................
60 to 69 percent..............................................................................................
50 to 59 percent..............................................................................................

2

483
2,864
4,372
3,331
1,580

41
3,273
4,784
3,113
1,426
526

916
6,847
3,529
1,414
490
223

40 to 49 percent.............................................................................................
30 to 39 percent..............................................................................................
20 to 29 percent..............................................................................................
10 to 19 percent..............................................................................................
Less than 10 percent......................................................................................

566
246
138
57
13

235
143
76
31
4

Insured commercial banks..........................................................................

13,451

Banks with percent of deposits insured of—
1 0 0 percent..................................................................................................
90 to 99 percent..........................................................................................
80 to 89 percent..........................................................................................
70 to 79 percent..........................................................................................
60 to 69 percent..........................................................................................
50 to 59 percent, . . ,
......................................................................

2

10 to 19 percent..........................................................................................
Insured mutual savings banks...................................................................
Banks with percent of deposits insured of—
1 0 0 percent
..............
...................................
80 to 89 percent
70 to 79 percent

1 Less than .05 percent.



. ..
. ..

.

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

100.0%
0

)

100.0%

100.0%

.3
24.0
35.0

6.7
50.2
25.8
10.4
3.6

3.5

2 1 .0

32.0
24.4

2 2 .8

1 1 .6

10.4
3.9

119
74
29
9

4.2

1.7

1 .8
1 .0

1 .1
.6
.2

2

.1

13,451

13,451

100.0

425
2,730
4,363
3,331
1,580

41
3,075
4,781
3,113
1,426
526

821
6,741
3,529
1,414
490
223

566
246
138
57
13

235
143
76
31
4

119
74
29
9
2

.1

201

201

201

100.0

100.0

58
134
9

198
3

28.9
66.7
4.4

98.5
1.5

95
106

.4

0

)

1 .6

.9
.5
.2
.1

C)
1

(0

100.0

100.0

.3
22.9
35.5
23.2

6 .1

1 1 .8

3.9

50.1
26.2
10.5
3.6
1.7

4.2

1.7

.9

1 .8
1 .0

1 .1
.6
.2

.6
.2
.1

3.2
20.3
32.4
24.8

1 0 .6

.4
C)
1

0

)

100.0
47.3
52.7

CORPORATION

13,652

INSURANCE

13,652

DEPOSIT

13,652

$25,000
FEDERAL

All insured banks...............................................................................................

40 to 49 percent..........................................................................................
30 to 39 percent..........................................................................................

$1 0 , 0 0 0

$5,000

INSTRUCTIONS FOR SUMMARY OF DEPOSITS

113

IN ST R U C TIO N S FOR PR E PARATIO N OF S U M M A R Y OF D EPO SITS,
F O R M 89— CALL N O . 6
A T TH E CLOSE OF BUSINESS ON SEPTEM BER 19, 1951

G e n e r a l I n s t r u c t io n s

Each bank operating a branch or branches is requested to submit only one report,
a combined report for the bank as a whole including deposits of all domestic branches
but excluding deposits of foreign branches. Do not include interbranch deposits
(amounts due to branches and head office) in making this consolidated report.
A n entry should be m ade in every space on the fo rm . Where there are no figures
to report, the word “ None” must be written or stamped.

N u m b e r o f A c c o u n t s a n d A m o u n t o f D e p o s it s

All deposit liabilities of the bank should be included at items 1 through 7 of this
statement even though some of these deposits may be: (a) permissible exclusions or
deductions for assessment purposes in preparing certified statements; or, (b) excluded
from deposits for report of condition purposes (as defined for items 13 to 19 of the
following reports of condition: 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). For the purpose of this report include all
commercial, checking, savings, time, thrift accounts, certificates of deposit, officers’
or cashiers’ checks, travelers’ checks, certified checks, outstanding drafts, letters of
credit, and trust funds held in the trust department or on deposit in any other de­
partment of the bank or redeposited in other banks.
The deposit classifications correspond with the usual ledger and condition report
items, with the exception of:
Item 5, “ Tru st fu n d s,” which is found only in banks having trust powers and
which is computed from the records of the trust department. The item “ Trust
funds” 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 departm ent 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;
Item 6, “ O utstanding bank d ra fts,” which is to be determined by the bank
as of September 19, 1951. Include outstanding drafts drawn on a correspondent
or a Federal Reserve bank, other than those issued for purposes of the bank’s
own transactions (i.e., for transfer of funds from one correspondent bank to
another, payment of expense items, or purchase of securities for the bank’s own
portfolio); and
Item 7, “ All 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) represented by authorizations (other
than outstanding drafts) to charge the reporting bank’s clearing balance or
reserve account.




114

FEDERAL DEPOSIT INSURANCE CORPORATION

Report in the column “ Amount of deposits” the bank’s deposit liabilities, by type
of deposit and size of account. Show in the column “ Number of accounts” 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 number of accounts with balances of $5,000 or less;
(b) the number of accounts with balances of $5,000.01 to $10,000.00;
(c) the number of accounts with balances of $10,000.01 to $25,000.00;
(d) the number of accounts with balances of $25,000.01 or more;
(e) the total number of deposit accounts;
(f) the sum of balances in accounts of $5,000.00 or less;
(g) the sum of the entire balance in all accounts of $5,000.01 to $10,000.00;
(h) the sum of the entire balance in all accounts of $10,000.01 to $25,000.00;
(i) the sum of the entire balance in all accounts of $25,000.01 or more; and
(j) the total amount of deposit balances.

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 (g) headed “ $5,000.01 to $10,000.00.” Do not enter $5,000.00 in subitem (f)
headed “ $5,000.00 or less” and $2,493.65 in subitem (g) headed “ $5,000.01 to
$10,000.00.” O nly those accounts the entire balance of which does not exceed $5,000.00
should be included in subitem (f) headed “ $5,000.00 or less.”
For the purposes of this report, kindly note that:
A ccounts should n ot be com bined. 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 dorm an t 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 re­
ported as one account.
R e c o n c il ia t io n w it h D e p o s it s f o r R e p o r t o f C o n d it io n P u r p o s e s

Include at item 9 of this section total deposits of the bank as of September 19, 1951,
as shown at item 8j of the preceding section.
Report against the appropriate classifications of item 10 the deposit liabilities of
the bank which would not be included with deposits for report of condition purposes
(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). It is assumed that items 10(a), 10(b), and 10(c) will account for all, or nearly
all, differences between deposits shown in items 1 through 7 and those for report of
condition purposes. However, if there are any such differences not included with
items 10(a), 10(b), and 10(c), they should be reported at item 10(d) and itemized.
Item 10(a), “ Reciprocal portion o f dem and bank deposits.” Reciprocal
interbank deposits arise when two banks maintain deposit accounts with each
other; i.e., each bank has both a “ due from” and a “ due to” account with the
other bank. In preparing reports of condition, reciprocal demand deposits due
to banks in the United States, except private banks and American branches of
foreign banks, are reported “ net,” i.e., the reciprocal portion is excluded. In this
report the reciprocal portion of such deposits must be reported at item 10(a);




INSTRUCTIONS FOR SUMMARY OF DEPOSITS

115

this is in effect an offset to item 4 of this report where all deposits due to banks
(including reciprocal accounts) must be reported “ gross.” Therefore, if Bank A
has a demand deposit of $1,000,000 with Bank B, and Bank B has a demand
deposit of $200,000 with Bank A, the reciprocal portion is $200,000 and must
be reported at item 10(a) of this form.
Deduct item 10(e) from item 9 to arrive at item 11 which should equal total deposit
liabilities as defined for report of condition purposes.




116

FEDERAL DEPOSIT INSURANCE CORPORATION

8

FDIC Form £-Call No.

6

DUPLICATE
Bank may retain this copy

8
9

Form , Summary of Deposits, is required to ascertain the Corporation’liability in insuring bank deposits (see accompanying instructions
s
for an explanation of bank deposits for the purpose of this report).
Include a deposit liabilities of the bank at items through of this report even though some of these deposits may be: (a) permissible ex­
ll
clusions or deductions for assessment purposes in preparing certified statements; or, (b) excluded from deposits for report of condition purposes.'

1

7

SU M R O D PO S O _______________ ____________________________________________________________
M A Y F E SIT F
(Legal title of bank)

of___________________________ _________________ _ AT THE CLOSE OF BUSINESS ON SEPTEMBER 19, »51.

0

(City) (P. .Zone No.)

(State)

_______________
TYPE OF DEPOSIT

FDIC Certificate No_______________
SIZE OP ACCOUNT

AMOUNT OP DEPOSITS

NUMBER OF ACCOUNTS

CTS.

DOLLARS

1 Demand deposits of individuals, partnerships, and
.

corporations (exclude trust funds of own trust
department)

2 Savings and time deposits of individuals, partner­
.
ships, and corporations (exclude trust funds of own
trust department)

3 Deposits of U. S. Government and of States and
.
political subdivisions (include postal savings)

4 Deposits of domestic and foreign banks (include
.
amounts “ to other banks”without deduction
due
of any amounts "due from other banks”
—exclude
amounts due to own branches or head office)

5 Trust funds as recorded in own trust department
.

( . . all trust funds held in cash in the trust de­
ie,
partment, deposited in own banking department,
or deposited in other banks)

6 Outstanding bank drafts
.

f,

500 1 1 000 h
0.0 0 0 0
1 00 1 2 00 0
0 0.0 5 0.0
h
.. .
2 00 1
5 0.0
i
j
$B,00 0nr Ipss
0.0
a................... f
$5 0.0 to $1, 0. 0.. h
, 01
0
0000...
h ......
$1, 0.0 to $2, 0.0
000 1 500 0
$2, 0.0 or more._____ d
500 1
i
Total............... e
j
$5 0 0 or
,00 0 .......
f
. .
$5 0.0 to $1, 0.0.. h
, 01
0
000 0
$1, 0.0 to $2, 0.0
000 1 500 0
h..........
$2, 0.0 or more...._... d
500 1
i
e
j
$5 0.0 or l w .... . a..... ........ ....... f.........
, 00
0
$5 0.0 to $1, 0. 0_.
, 01
0
0000...
K.........
$1, 0.0 to $2, 0.0 c_____________ _______ h..........
000 1 500 0
$2, 0.0 or more„.... d
500 1
Total............... e
j
$5 0.0 or less.------- a._........... ....... f . ,
, 00
0
$5 0.0 to $1, 0.0..
, 01
0
000 0
g.........
$1, 0.0 to $2, 0. 0. c.. .......... ....... h..._.......
000 1 5000...
$2, 0.0 or more...... d
500 1
i
Total............... e
i
.________ _______ f.........
$5 0.0 or less._______ a___ ..
, 00
0
b
$5 0.0 to $1, 0. 0
, 01
0
0000._„
h..........
$1, 0.0 to $2, 0.0
000 1 500 0
$2, 0.0 or more,.- — d
500 1
i
Total....... ..... _. e
..
j
f. ,
$6 0.0 or less.. ___
, 00
0
$5 0.0 to $1, 0.0
, 01
0
000 0 h ................. .
h..........
$1, 0.0 to $2, 0, 0.
000 1 5000...
$2, 0.0 or more_— . d
500 1
i
Total..... .. ....... e
j
a...... ............. f.........
$5 ^0 f nr
, ,t
00
$5 0.0 to $1, 0.0__ b ................. .
, 01
0
000 0
h
$1, 0.0 to $2, 0.0
000 1 500 0
d
i
$2, 0.0 or more....
500 1

$ ,
to $ , . .._„
$ ,
to $ ,
_ c...... .... ........
$ ,
or more._____ d
Total............... e

g..................

.....

g ________ __

7 All other deposits
.
8 Total deposits (total of items 1through 7
.
)

g ..................

Total_______ __ _____ e

j

RECONCILIATION WITH DEPOSITS FOR REPORT OF CONDITION PURPOSES*

9 Total deposits as of September 1,1 5 as shown at item 8 above------------------------ --------- $ — --------------.
9 91
j
1. Less deposits as of September 1 ,1 5 not included with deposit liabilities as defined for report of condition
0
9 91
purposes:
(a) Reciprocal portion of demand bank deposits-------------------- I-----------------------(b) Trust funds held in cash in own trust department or deposited in other
banka (exclude trust funds of own trust department deposited in
own bank)_________________________ ____ ______________
■ ■ ■ -- ----------—
(c) Outstanding bank drafts not included with deposits for report of
-----------------------condition purposes.------------------------------------(d) Any other deposits included in item above but not included with
deposits for report of condition purposes*------------------------------------------(e) Total (total of items (a) through (d))--------------------------- ------------- ------. Total deposit liabilities as defined for report of condition purposes* (item minus item (e) )............

1
0

1
1

8
1
0

■» >■
■■ ■
■

.

. .. .. , ■
.

9
1
0
«As defined for items 1 to 1 of the following reports of condition: Form 23-A for national banks; Form 15for State bank3
3 9
10
0
members of the
Federal Reserve System; and Form 6 for State banks not members of the Federal Reserve System.
4
•Itemize the types of these deposits on the reverse side of this form.
The above statement is correct to the beet of m y knowledge and belief............ ..... ................................
(Name and title of officer)




(Signature of above officer)




PART FOUR
LEGISLATION




STA TE B A N K IN G LE G ISL A TIO N
In 1951 the legislatures of forty-four States held regular sessions and fourteen 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 1951.

SUPERVISORY AUTHORITY

Authorization to require of banks current financial statements of specified borrowers . .
............................................................................................................................. Arizona (Ch. 137)
Approval of branch office..............................................................................Tennessee (Ch. 97)
Authorization to certify particular security as legal investment. . California (Ch. 480)
Control of common stock assessments................................................... California (Ch. 534)
Bank advisory board..................................................................................... Delaware (Ch. 259)
Matters to be considered in acting on application for charter. . . .Georgia (Act 214)
Examination fees..............................................Maine (Ch. 406); Massachusetts (Ch. 566);
Minnesota (Ch. 309); Missouri (S.B. 218); Texas (Ch. 139); Utah (H.B. 94)
Application fees...............................................................................................Minnesota (Ch. 67)
Assessments on national banks operating trust departments. . . . California (Ch. 489)
Report of earnings and dividends to banking department.. . Michigan (Acts 133, 236)
Private banks to be subject to State bank laws and supervision of State banking
department........................................................................................................Michigan (Act 1)
Check cashers.............................................................................................. New Jersey (Ch. 187)
Salaries of supervisory authority, deputy and examiners..................Missouri (S.B. 218)

ORGANIZATION AND CHARTER CHANGES

Authorization for national banks to become State banks by conversion, merger, or
consolidation...................................................................................California (Chs. 364, 501);
Colorado (Ch. 93); Connecticut (Act 87); Florida (Ch. 26540); Idaho (Ch. 71);
Maryland (Ch. 20); Minnesota (Ch. 99); Missouri (H.B. 424); Nebraska (Ch. 11);
New Hampshire (Ch. 182); New Jersey (Ch. 41); New York (Ch. 830); Ohio (S.B.
236); Oklahoma (H.B. 61); Oregon (Ch. 338); Tennessee (Ch 193); Utah (S B. 65)
Authorization for national banks to convert into State banks. . . .New Mexico (Ch. 37)
Authorization for national banks to merge or consolidate with a State bank...........
..................................................................................... Nevada (Ch. 213); Vermont (Ch. 184)
Authorization for State banks to become national banks by merger or consolidation
as provided by Federal law...........................................................................................................
California (Ch. 364); Colorado (Ch. 93); Florida (Ch. 26540); Idaho (Ch. 71);
Maine (Ch. 242); Maryland (Ch. 20); Minnesota (Ch. 99); Nebraska (Ch. 13); New
Hampshire (Ch. 182); New Jersey (Ch. 41); New Mexico (Ch. 37); New York
(Ch. 830); North Carolina (Ch. 1129); Ohio (S.B. 23G); Oregon (Ch. 338);
Pennsylvania (Act 26); Tennessee (Ch. 193); Utah (S.B. 65); Vermont (Ch. 184)




119

12 0

FEDERAL DEPOSIT INSURANCE CORPORATION
ORGANIZATION AND CHARTER CHANGES —

Continued

Authorization for State banks to become national banks by conversion:
(a)

as provided by Federal law ......................................................... California (Ch. 364);
Colorado (Ch. 93); Connecticut (Act 87); Florida (Ch. 26540); Maryland
(Ch. 20); Missouri (H.B. 424); New Jersey (Ch. 41); New York (Ch. 830);
Oregon (Ch. 338); Pennsylvania (Act 26); Utah (S.B. 65); Vermont (Ch. 184);

(b) with approval of holders of two-thirds of stock................Idaho (Ch. 71); Maine
(Ch. 242); Minnesota (Ch. 99); Nebraska (Ch. 13); New Hampshire (Ch. 182);
New Mexico (Ch. 37); North Carolina (Ch. 1129); Tennessee (Ch. 193);
(c)

with provision for dissenting shareholders......................................................................
................................. Connecticut (Act 87— “ unless otherwise required by Federal
law” ); Idaho (Ch. 71); Maine (Ch. 242); Minnesota (Ch. 99); Nebraska (Ch.
13); New Hampshire (Ch. 182); New Mexico (Ch. 37); Tennessee (Ch. 193)

Merger and consolidation.........California (Ch. 1190); Missouri (H.B. 405, 424, 426)
Sale of assets. . . .Missouri (H.B. 405, 426); New Mexico (Ch. 37); Oregon (Ch. 42)
Issuance of stock by banks without stock.............................................California (Ch. 377)
Industrial banks................................................................................................. Colorado (Ch. 91)
Branch offices and agencies................................................................................................................
...................................... Pennsylvania (Act 163); Tennessee (Ch. 97); Utah (H .B. 93)
Prohibitition against branch banks not applicable to facility authorized by U. S.
Treasury Department.................................................................................. Colorado (Ch. 89)
Modification of branch requirement of $1 million capital and surplus to permit a
bank with $500,000 to open two branches in place of main office and a bank with
$250,000 to open two limited branches in adjoining towns without a banking
office...........................................................................................................Connecticut (Act 140)
Change of location of banking office........................................................ New York (Ch. 93)
Names of banks and trust companies................................................ Pennsylvania (Act 22)
Issuance of capital stock for property other than money......................... Iowa (Ch. 183)

g e n e r a l o p e r a t in g

p r o v is io n s

Limitations on letters of credit................................................................. California (Ch. 534)
Withholding of money or property belonging to a decedent.......... California (Ch. 845)
Computation of earnings.................................................................New York (Chs. 376, 377)
Transfer of earnings to surplus before dividends.......................................................................
.................................................................................Nebraska (Ch. .10); New York (Ch. 591)
Rental of safe deposit boxes...................... Arizona (Ch. 127); South Carolina (Act 521)
Limitation on action on claims inconsistent with entries on bank’s records...........
....................................Montana (Ch. 77); Nebraska (Ch. 13); Pennsylvania (Act 165)
Retention and destruction of records..................................Florida (Ch. 26733); Montana
(Ch. 77); New Mexico (Ch. 33); North Carolina (Ch. 166); Pennsylvania (Act 165)
Admission in evidence of photographs or microphotographs of bank records...........
.........................................................................................................................................Florida (Ch.
26734); Kansas (Ch. 124); Montana (Ch. 77); New Mexico (Ch. 33); North Carolina
(Ch. 166); Pennsylvania (Act 165); Vermont (Ch. 187); Wisconsin (Ch. 39)




STATE BANKING LEGISLATION

121

Joint deposits. . . Arizona (Ch. 129); South Dakota (Ch. 13); Washington (Ch. 18)
Limitation on deposits of banks with depositaries....................................................................
..................................................................................... New York (Ch. 703); Oregon (Ch. 18)
Deposit of and security for public funds...........................Alabama (Act 741); California
(Chs. 437, 1190); Illinois (H.B. 552); Kansas (Ch. 449); New York (Ch. 289);
Pennsylvania (Acts 47, 152, 186); Rhode Island (Ch. 2730); West Virginia (Ch. 157)
Investment of sinking funds and township funds in deposits insured by Federal
Deposit Insurance Corporation authorized.......................Pennsylvania (Acts 47, 186)
Limitation on action on claim inconsistent with entries on bank’s records...........
................................. Montana (Ch. 77); Nebraska (Ch. 13); Pennsylvania (Act 165)
Recognition of rights of depositors in occupied countries........... California (Ch. 534)
Withholding of money or property belonging to a decedent........... California (Ch. 845)
Adverse claims to deposits or other property need not be recognized by a bank until
served with court process or order thereon........................................ Maryland (Ch. 79)
Escheat...................... Maryland (Ch. 417); Michigan (Act 161); New Jersey (Ch. 192)
Payment by savings banks of different rates of interest, bonuses, and benefits based
on different classifications of depositors........................................... Minnesota (Ch. 411)
Repeal of limitation on deposits in savings banks or departments in excess of $10,000
in three years............................................................................................ Connecticut (Act 41)
Increase of maximum deposit in a savings bank of any person to $10,000................
. .New York (Ch. 592); Oregon (Ch. 40— and to maximum of $12,500 by dividends)

loans

Financial statements of borrowers required for unsecured loans. . . .Arizona (Ch. 137)
Real estate loans.................................................................................................................. Colorado
(Ch. 92); Connecticut (Act 345); Massachusetts (Chs. 23, 103); New Jersey (Ch. 165)
Noninsured renovation and improvement loans up to $2,500 authorized....................
................................ ...................................................................................... Connecticut (Act 55)
Maximum maturity of residential and farm construction mortgage loans increased
from six to twelve months................................................................. Connecticut (Act 253)
Instalment loans...................................................................................., ...........Indiana (Ch. 159)
Instalment sales financing............................................................................Michigan (Act 171)

INVESTMENTS

In bank premises............................................................................................California (Ch. 457)
Limitations on alterations and improvements as well as acquisition of bank premises
..........................................................................................................Connecticut (Acts 182, 196)
In parking accommodations for customers of bank or trust company...............................
......................................Maryland (Ch. 80); Ohio (H.B. 160); Pennsylvania (Act 163)
By savings banks. . . . California (Ch. 480); Indiana (Chs. 144, 209); Maine (Chs. 97,
101); New Hampshire (Ch. 201); New Jersey (Chs. 167, 186); New York (Chs.
481, 558); Ohio (H.B. 373); Pennsylvania (Act 160); Rhode Island (Ch. 2825)
Limitations on purchases of investment securities................................. Georgia (Act 213)




1 22

FEDERAL DEPOSIT INSURANCE CORPORATION
RESERVES

Reserves equal to 10 percent of deposits, less secured public funds, for commercial
banks, and 5 percent for savings banks, to be maintained in cash or on deposit in
reserve depository, with Superintendent authorized to double such percentages
for banks not members of Federal Reserve System.................... Arizona (Ch. 109)
Reserve requirements up to those of Federal Reserve System may be imposed by
Superintendent of Banks............................... California (Ch. 549); Minnesota (Ch. 66)

TRUST ACTIVITIES

Investments of fiduciaries.............................................................................Alabama (Act 763)
Investment trusts expressly included in prudent man investment rule.............................
............................................................................................. Kansas (Ch. 209); Maine (Ch. 24)
Uniform fiduciary A c t..................................................... Arizona (Ch. 139); Utah (H.B. 52)
Common trust funds............................................................................................................................
. .Kansas (Ch. 123); Maine (Ch. 358); New Jersey (Ch. 46); Oklahoma (H.B. 355)
Common trust fund exempt from tax and income of participants subject to income
tax.......................................................................................Oregon (Ch. 120); Utah (H.B. 53)
Limitation on investment in common trust fund increased............................Connecticut
(Act 71— to $100,000 of any trust); Georgia (Act 322— to $150,000 of any estate
or lesser amount prescribed by Board of Governors of the Federal Reserve System)
Investment of fiduciary funds in mortgages acquired by commercial or banking
department for future trust investment authorized................Delaware (Ch. 226)
Corporation resulting from merger or consolidation authorized to act in same fiduciary
capacities as merged corporations........................................................ Delaware (Ch. 349)
Uniform Trusts A c t................................................................................. New Mexico (Ch. 193)
Registration in name of nominee of any investment held by fiduciary bank or trust
company................................................. Kansas (Ch. 122); Massachusetts (Ch. 76— or
by trustee appointed by, or accountable to, probate court); Wisconsin (Ch. 315)
Registration or transfer of securities to or by fiduciaries or their nominees................
.............................................................................................................................. Kansas (Ch. 217)
Minimum balance on which fiduciary trust company must allow interest after 60
days from receipt, increased from $100 to $1,000.........................New York (Ch. 349)
Notice on settlement of accounts of trustee of common trust fund....................................
......................................................................................................................New York (Ch. 2140)
Waiver of security requirements for trust deposits to extent insured by Federal
Deposit Insurance Corporation....................................................................Oregon (Ch. 19)

CHECKS AND COLLECTIONS

Payment, certification, or acceptance of check or other negotiable instrument after
banking hours or on legal holiday................................................................. Iowa (Ch. 197)
Deferred posting and delayed returns act....................................................................................
Montana (Ch. 19); New Jersey (Ch. 88); Tennessee (Ch. 96); Washington (Ch. 23)
Time limit on stop-payment orders on checks......................................Oregon (Ch. 16-six
months); South Carolina (Act 546-one year); South Dakota (Ch. 14-one year)
Authority to refuse payment of checks one year after date. . South Carolina (Act 520)




STATE BANKING LEGISLATION

123

DIRECTORS, TRUSTEES, OFFICERS, AND EMPLOYEES

Loans to corporations in which bank officer is officer, director, or stockholder or to
partnership in which bank officer is partner.................................... California (Ch. 456)
Limitations on plans for retirement benefits, disability benefits, or life insurance for
savings bank officers and employees. . . .Connecticut (Act 35); New York (Ch. 672)
Examination by three directors, certified public accountants, or clearinghouse ex­
aminers..............................................................................................................Colorado (Ch. 90)
Powers of trust committee of directors and officers....................... New Jersey (Ch. 124)
Savings bank officers required to report to trustees each month every loan in excess
of $20,000 or 1/10 of 1 percent of surplus and undivided profits....................................
........................................................................................................................ New York (Ch. 397)
Permitted amount of group insurance on life of an officer or employee of savings
bank increased to $10,000..................................................................... New York (Ch. 624)
Duties of loan committee................................................................. North Carolina (Ch. 167)

HOLIDAYS

Saturday holiday...................................................................................................................................
..Delaware (Ch. 49); Florida (H.B. 743-Palm Beach County); Maine (Ch. 215)
Saturday or Monday holiday............................................................................. Ohio (S.B. 164)
Five-day week..............................................................Kansas (Ch. 125); Vermont (Ch. 186)
Banks may determine any day holiday by notice near front door. .Nebraska (Ch. 204)
Bank holiday in event of public calamities authorized. . . . Pennsylvania (Act 167)
Transactions of bank after banking hours and on any legal holiday legalized. . . .
......................................Iowa (Ch. 197); Nebraska (Ch. 204); Pennsylvania (Act 167)

TAXATION

Income tax................................................................................................ Arizona (Chs. 106, 114)
Taxation of State and national banks on same basis.................................Georgia (Act 5)
Common trust funds exempted from tax and income participants subject to t a x .. . .
............................................................................................. Oregon (Ch. 120); Utah (H.B. 53)

LIQUIDATION

Stockholders’ liability................................................................................... California (Ch. 378)
Possession by Superintendent....................................................................California (Ch. 381)
Proofs of claim and limitation on actions.............................................New York (Ch. 719)

MISCELLANEOUS

Assignment of accounts receivable........................................................ California (Ch. 1280)
Escheat of unclaimed property..........................California (Ch. 1708); Kansas (Ch. 121)
Uniform Trust Receipts A c t.......................................................................Florida (Ch. 26730)
Community Currency Exchanges.......................................................Illinois (H.B. 436, 437)







PART FIVE
STATISTICS OF BANKS AND DEPOSIT INSURANCE




to
o

N u m b e r , O f f ic e s , a n d

D e p o s it s

of

O p e r a t in g

B anks




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.
Institutions included are classified in three groups: commercial and
stock savings banks, nondeposit trust companies, and mutual savings
banks. However, the second category does not apply to insured banks.

CORPORATION

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; and credit unions and savings and loan associa­
tions are excluded except in the case of a few which accept deposits
under the terms of special charters.

INSURANCE

Table 103. Number and deposits of operating banks, December 31, 1951
Banks grouped according to insurance status and by district and State

DEPOSIT

Table 102. Number of operating banks and branches, December 31, 1951
Grouped according to insurance status and class of bank, and by State and type
of office

FEDERAL

Table 101. Changes in number and classification of operating banks and branches in the United
States and possessions during 1951

C om m ercial 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 de­
posits and in practice do so, or the obligations of which are regarded
as deposits for deposit insurance;




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.

BANKS

N ondeposit tru st com pan ies 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.

Morris Plan companies, industrial banks, loan and investment
companies, and similar institutions except those mentioned in the
description of institutions included;

OPERATING

Branches of foreign banks which engage in a general deposit
business in the continental United States or in the possessions.

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);

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;

Banks which have suspended operations or have ceased to accept
new deposits and are proceeding to liquidate their assets and pay
off existing deposits;

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, 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 associations in
Pennsylvania; and the Savings Banks Trust Company in New York.

In stitutions excluded. Institutions in the following categories are
excluded, though such institutions may perform many of the same
functions as commercial and savings banks:

NUM BER, 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;

M u tu a l savings banks include all banks operating under State
banking codes applying to mutual savings banks.

to

T a b le

101.

C h a n g e s in
in

N um ber

the

U n it e d

and

C l a s s if ic a t io n

States and

of

O p e r a t in g

P o s s e s s io n s d u r in g

B anks and

Commercial and stock savings banks
and nondeposit trust companies

All banks

Members F. R.
System
Total
National State

Not
Non­
Banks deposit Total
trust
bers
of de­
F. R.
com­
posit
System
panies

Non­
In­
sured1 insured

14,661
14,693

13,657
13,640

13,455
1,004 14,132 T
1,053 14,164 13,446

4,939
4,958

1,898
1,912

6,618
6,576

612
653

-32

+ 17

-49

-32

+9

-19

-14

+ 42

53
51

12

64
60
4

52
51

9
9

2
2

41
40

9
7

Banks ceasing op era tion s.....................................................

97
3

76

96
3

76

29

2

2

2

2

1

79
13

70
4

9
9

78
13

*70
4

26

+ 40
+7
+ 31

-31

+ 33
+ 7
+ 24

+ 2

-2

+2

3

1

Net change during year ..............

Other liquidations3 . . .

....

. .

..........

N oninsured banks becom ing in su red . . . .
Successions to noninsured banks
Admissions to insurance, operating banks4
Admissions to F. R. System. . .
....

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

Other changes in classification
National banks succeeding state banks
State bank succeeding national bank..........
Admissions to F R. System
Withdrawals from F. R . System ..............

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

21

3

-40
-7

1

2
1

1

1

14

6

2

2
8

2

123

6

6

3

1

1

6
8

2
1

1

1

30
+ 31
+ 7
+ 24

+ 2

-4

-33

+ 7

-7

-7
-24
-2

+ 7

-7

4

5

+ 3
-2

+

2

126

17
3

2

+

....

127

-8

2

2

6
-1 0

6

8

1

+

2

+

33

14

-1

135

194

1

+ 1
+2
............

Changes n o t involving n u m ber in an y class:
Successions
.......................................................................
Changes in title, location, or name of location...................
Change in corporate powers




9
3

202

+

1
-6
10

2
11

19

93
6

2

1

9

CORPORATION

Suspended banks not reopened or succeeded
Merged with financial aid of FDIC— net decrease
Mergers, consolidations, and absorptions (without FDIC
aid)— net decrease...............................................................

2

327
335

1

-41

65
60
5

529
529

INSURANCE

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

Banks beginning op era tion s................................................
New banks
.
..........
Other additions to operating banks2 .
..........

65
65

DEPOSIT

BANKS
N um ber o f banks, D ecem ber 31, 1951.......................................
Num ber o f banks, D ecem ber 30, 1950.......................................

FEDERAL

In­
Non­
sured insured Total

Mutual savings banks

Noninsured

Insured
Type of change
Total

B ranches

1951

BRANCHES
N um ber o f branches, Decem ber 31, 1951.
N um ber o f branches, Decem ber 30, 1950.
Net change during year.

Branches d iscon tin u ed ................................................

5,322
4,984

172
174

5,264
4,945

5,157
4,832

2,370
2,230

1,467
1,359

1,320
1,243

+ 336

+338

-2

+ 319

+ 325

+ 140

+ 108

+ 77

360
39
59
5
254
3

345
37
58
5
243

334
37
58
5
232

165
33
23

97

72

2

2
10

2

11
1

342
39
58
5
237
3

2

1

1

24

23

1

23

23

15

6

+ 16
+ 5
+ 11

-16
-5

Other changes in classification am ong branches..........
Branches of noninsured banks admitted to insurance.......
Branches of noninsured banks admitted to F. R. System.
Facilities transferred as result of absorption or succession.
Branches transferred as result of absorption or succession.
Changes n ot involving nu m ber in any class:
Branches transferred as result of absorption or succession.
Sale of branch to another bank............................................
Change in title, location, or name of location....................
Change in powers...................................................................

15
2
1

1

107

+ 14
+3
+ 11

-1 1

25

-1 0

69

+ 17
+

+

6

12
1

12
1

7

3

172

171

52

80

1

1

1

20,155
19,851

18,979
18,624

1,176 19,396
1,227 19,109

18,612
18,278

12
1

177

1

N um ber o f offices, Decem ber 31, 1951.
N um ber o f offices, Decem ber 30, 1950.
Net change during y ea r......................

2

65
61

-6

+ 17

+ 13

+4

8
2

18

11

7

11

6

1
1

1

5

1

17

1

+ 7
+3

1

-14
-3

1

+
+

2
2

_2
-2

-1 1

+ 1
+ 3
2

1

39

1

7

6

1

66
66

759
742

367
346

392
396

1

ALL BANKING OFFICES
7,309
7,188

+ 355

-51

+ 287

+ 334

425
65
360

398
53
345

27
15

406
64
342

386
52
334

174
9
165

Offices clo se d .
Banks...........
Branches. . . .

121

99
76
23

22
21
1

119
96
23

99
76
23

44
29
15

+ 56
+ 40
+ 16

-56
-40
-16

+ 47
+ 33
+ 14

-9
+ 1

Changes in classification.
Among banks....................
Among branches...............

97
24

12

+

121

-1 0

7,938
7,819

718
765

+ 94

+ 119

-47

99

113
41
72

17
9

35
33

17
17

2

97
20

14
6

+ 15
-2

+ 17

8

2

+41
+ 34
+7

+ 17
3
3

-47
-33
-14

3
3

19
1

18

+

21
12
1
11

2
1
1

-4
7
7
2
1
1

+9
+7
+2

-9
-7
-2

1 Includes 3 mutual savings banks members of the Federal Reserve System, December 31, 1951, and December 30, 1950.
2 Includes 3 financial institutions becoming banks of deposit, and 2 noninsured institutions (1 bank of deposit and 1 nondeposit trust company) previously in operation but
not included in count as of December 30, 1950.
3 Includes 1 bank placed in liquidation in 1950, but included in count as of December 30, 1950. Also includes 2 noninsured banks replaced by branches of insured nonmember
banks.
4 Banks in operation at beginning of year. Five of these had been insured from January 1 to July 1, 1934, under the temporary insurance plan then in operation.
5 Facilities established in or near military installations at request of the Treasury or the Commanding Officer of the installation. In addition to the facilities opened during
1951, 2 offices formerly operated as branches were designated as facilities.
6 These 3 branches opened prior to beginning of year but were not included in count as of December 30, 1950.




BANKS

+ 304

Offices op en ed .
Banks.............
Branches........

3,365
3,271

O OPERATING
F

12
1

179

165
152

112

2

11

-1

-9

4
56

230
213

106

NUMBER, OFFICES, A D DEPOSITS
N

Branches opened for bu sin ess...................................
Facilities provided as agents of the government5. . . .
Absorbed banks converted into branches..................
Branches replacing banks relocated or placed in liquidation
Other branches opened.................................................
Branches not previously included6 .............................

5,494
5,158

LJ
N
cO

T a b le 102.

N u m ber

of

O perating B anks

and

B ran ch es , D ecem be r 31, 1951

G RO U PED AC C O R D IN G TO IN SU R A N C E STATUS AND CLASS OF B A N K , AN D B Y STATE AN D T Y P E OF O FFICE

Commercial and stock savings banks
and nondeposit trust companies

All banks

Non­
insured

Total

Members F. R.
System
Total
National State

Non­
Not
mem­ Banks deposit
bers
of de­
trust
com­
posit
F. R.
System
panies

3,365
1,898
1,668
230
1,467

7,938
6,618
5,915
703
1,320

718
612
578
3*
1
106

66

United S ta tes....................................... 20,003 18,920
All b a n k s ........................................... 14,618 13,641
Unit banks
................................. 13,131* 12,231*
1,1*07
Banks operating branches............... 1,1*81*
5,279
5,385
Branches.............................................

1,083 19,244 18,553
977 14,089 13,439
900 12,728 12,107
1,332
77 1,361
5,114
106
5,155

7,309
4,939
1*,533
1*06
2,370

3,365
1,898
1,668
230
1,467

7,879
6,602
5,906
696
1,277

630
590
562
28
40

61
60
59
1

59
16
9
7
43

88
22

759
529
1*06
123
230

36?

392
327
279
1
*8
65

94.5
93.6
93.5
91*.5
96.9

96.3
95.6
95.1*
97.5
98.0

48.4
38.2
31.3
61.0
71.7

392
327
279
1
*8
65

94.9
93.7
93.6
91.9
98.0

96.7
95.8
95.6
97.9
99.2

48.4
38.2
31.3
61.0
71.7

40.1
42.1
36.0
53.8
39.4

40.1
42.1
36.0
53.8
39.4

5
5
5

152
43
30
13
109

59
16
9
7
43

A labam a
All banks
Unit banks
Banks opcvatinQ bvanchcs
Branches

254
226
219
7
28

Arizona
All banks
Unit banks
Banks opcvatinQ bvanchcs
Branches

81
13
6
7

79

68

6
6
67

Arkansas
All banks
Unit banks
Banks opcvatinQ bvanchcs
Branches

251
230
211
19

245
224
205
19

21

21

152
43
30
13
109

59
16
9
7
43

254
226
219
7
28

254
226
219
7
28

97
70
6*
1
6
27

24
23
22
1

79

1

68

6
6
67

48
3
1
2
45

7

1

81
13
6
7

6
6

251
230
211
19

245
224
205
19

54
52
50
2

21

21

2

254
226
219
7
28

Possessions
b&nks
Unit banks
Banks opcvatinQ bvanchcs
Branches

93
27
21
6
66

16
6

65
6*
1
1
1

1

759
529
1*06
123
230

'2 0 2

127
.75
16^
367
202

127
75
165

66

State




12

2
1

6

12

133
133
133

1 0 0 .0
1 0 0 .0

1

2

1
1
5
16
16
16

1 0 0 .0
1 0 0 .0

100.0
100.0

100.0
100.0

1 0 0 .0
1 0 0 .0

1 0 0 .0
1 0 0 .0

100.0
100,0

100.0
100.0

1 0 0 .0

1 0 0 .0

98.0
97.8
97.6
100.0

98.0
97.8
97.6
100.0

1 0 0 .0

1 0 0 .0

1 0 0 .0

1 0 0 .0

24
7
U
3
17
175
156
139
17
19

2
1

1
1
5
5
5

1
1

1

CORPORATION

7,309
4,939
1*,533
1*06
2,370

INSURANCE

1,176 19,396 18,612
1,004 14,132 13,455
921 12,758 12,116
83
1,371* 1,339
5,264
5,157
172

All
Com­ Mutual
Non­ banks mercial savings
In­
sured2 insured of de­ banks banks
posit

DEPOSIT

United States and possessions........ 20,155 18,979
14,661 13,657
13,161* 12,21*3
1,1*97
1AU
5,322
5,494

Total

FEDERAL

Total Insured

Insured banks
as percentages of
banks of deposit1

Noninsured

Insured
State and type of bank or office

Mutual savings banks

1,193
190
11*1
1
*9
1,003

C olora d o................................
All banks.............................
Unit banks.......................
Banks operating branches
Branches.............................

161
157
153
U
4

151
147
11*3
U
4

C on n e cticu t..........................
All banks.............................
Unit banks.......................
Banks operating branches
Branches.............................

254
184
160
21*
70

159
98
79
19
61

D elaw are................................
All banks.............................
Unit banks.......................
Banks operating branches
Branches.............................

63
38
28
10
25

58
35
27
8
23

District o f C o lu m b ia ..........
All banks.............................
Unit banks.......................
Banks operating branches
Branches.............................

66

201

12
11

1,205

10
1

151
50
1,004

1,193
190
1U
1
1
*9
1,003

10

161
157
153
h
4

151
147
11*3
U
4

95

172

86

112

1
10
10

201

80
77
7*
1
3
3

16
16
16

55
54
53
1

75
48
39
9
27

41
15
9
6
26

38
31

17
17
17

11
11

14
4

33

2
1

2

2

1

1
1

1
1

1

1

1

2

1
1
1
10
10

10

1

60
36
27
9
24

58
35
27
8
23

66

66

66

19
U
15
47

19
U
15
47

19
h
15
47

19
A
15
47

34
9
1
8
25

F lorid a....................................
All banks.............................
Unit banks.......................
Banks operating branches
Branches.............................

217
208
199
9
9

213
204
195
9
9

4
4
U

217
208
199
9
9

213
204
195
9
9

70
63
56
7
7

11

G eorg ia..................................
All banks.............................
Unit banks.......................
Banks operating branches
Branches.............................

451
403
383
20
48

384
337
318
19
47

67

451
403
383
20
48

384
337
318
19
47

82
51
U
1
10
31

25
15
10
5
10

6

1

I d a h o ......................................
All banks.............................
Unit banks.......................
Banks operating branches
Branches.............................

100

1
1

100

42
33
9
58

99
41
32
9
58

42
33
9
58

62
13
8
5
49

14

1

99
41
32
9
58

23
18
16

1

Illin o is....................................
All banks.............................
Unit banks.......................
Banks operating branches.
Branches.............................

897
895
893
2

884
882
880
2

13
13
13

2

884
882
880
2
2

388
386
381*
2
2

126
126
126

2

897
895
893
2
2




65
1
1

11

U
10

18
6

2
U

20

16
U
13
14
4
1
3

12

132
130
128

68

63
5
9
3

1 0 0 .0

62.8
53.6
1*9.7
79.2
87.1

90.1
84.7
81.7
100.0

5.6
1*.5
16.7

1 0 0 .0

1 0 .0

92.1
92.1
96.1*
80.0
92.0

96.7
97.2
100.0
88.9
95.8

1 0 0 .0

1 0 0 .0
1 0 0 .0

I 0 0 .U
100.0
100.0

100.0
100.0

100.0

10

11
11

1

3

77

1 0 0 .0

99.1
99.0
99.0
100.0

10

8
2
4

2

67
66

65
1
1
1

85.1
83.6
83.0
95.0
97.9

99.0
97.6
97.0

2

1 0 0 .0

85.1
83.6
83.0
95.0
97.9

2
2

99.1
99.0
99.0
100.0

100.0

277
271
267
u

2
2

99.0
97.6
97.0
100.0

100.0

100.0

370
370
370

10
10

10

3
3
3

98.9
98.9
98.9
100.0

100.0

1 0 0 .0

98.9
98.9
98.9
100.0
1 0 0 .0

6 .1

BANKS

5
3
1
2
2

1

5
4
3
1

93.8
93.6
93.5
100.0

O OPERATING
F

9*
1
18
60

82
72
66
6
10

81
5
9

1
1

99.7
99.0
99.3
98.0
99.9

93.8
93.6
93.5
100.0

9
9
9

124
71
52
19
53

93
7*
1
19
793

154
94
76
18
60

66

99.7
99.0
99.3
98.0
99.9

1 0 0 .0

3

183
26
15
11
157

886

DEPOSITS

151
50
1,004

1,205

NUMBER, OFFICES, A D
N

C aliforn ia..............................
All banks.............................
Unit banks.......................
Banks operating branches
Branches.............................

T a b le 102.
g rouped

N u m b e r 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 , D e c e m b e r 31, 1951— Continued

a c c o r d in g t o

in s u r a n c e

s t a t u s a n d c l a ss o f b a n k , a n d

Insured
State and type of bank or office
Non­
Total
insured

594
474
U12
62

12
11

602
481
U18
63

Total

591
471
U09
62

o f o f f ic e

Mutual savings banks

168
125
107
18
43

133
107
5

Not
Non­
mem­ Banks deposit
of de­
trust
bers
posit
com­
F. R.
System
panies
10
9
8
1
1

1
1
1

4
4
4

All
Com­ Mutual
In­
Non­
banks mercial savings
sured2 insured of de­ banks banks
posit

3
3
3

1
1
I

1
1
1

120

766
606
U88
118
160

60
57
5U
3
3

826
663
51+
2
121
163

766
606
U88
118
160

97
97
97

63
63
63

606
446
328
118
160

59
56
53
3
3

Kansas...................................................
All banks.............................................
Unit banks.......................................
Banks operating branches...............
Branches.............................................

609
607
605
2

470
468
1+66
2

139
139
139

609
607
605
2

470
468
U66
2

41
41
U

253
253
253

2

2

2

Kentucky..............................................
All banks................................... .
Unit banks......................................
Banks operating branches...............
"Branches..........
..................

434
383
357
26
51

412
361
335
26
51

22

434
383
357
26
51

412
361
335
26
51

116
93
89
u
23

31

265
247
230
17
18

19
19
19

Louisiana..............................................
All banks.............................................
Unit banks......................................
Banks operating branches...............
Branches.............................................

249
166
126
U0
83

248
165
125
U
O
83

1
1
1

249
166
126
uo
83

248
165
125
uo
83

78
36
25
11
42

21

149
118
9U
2U
31

Maine.....................................................
All banks.............................................
Unit banks......................................
Banks operating branches..............
Branches.............................................

173
95
68
27
78

127
61
U
2
19

46
34
26
8

120
54
35
19

42
32
26
6

35

66

12

139
63
38
25
76

66

10




21

16
5
10

11

6
5
10

6

2
u
29

43
16
7
9
27

1

1

19
9
3
6
10

34
32
30
2
2

7
7
7

27
25
23
2
2

1 0 0 .0

95.6
95.0
91>.6
100.0
1 0 0 .0

99.6
99.4
99.2
100.0

1

22

22

77.2
77.1
77.0
100.0

95.6
95.0
91+.6
100.0

3
3
3

92.8
91.5
90.2
97.5
98.2

77.2
77.1
77.0
100.0

139
139
139

2

176
174
172
2
2

21

99.6
99.4
99.2
100.0
1 0 0 .0

73.4
64.2
61.8
. 70.U
84.6

86.3
85.7
92.1
76.0
8 6 .8

75.0
75.0
75.0

CORPORATION

121

826
663
5U2
121
163

92.8
91.5
90.2
97.5
98.2

1 0 0 .0

120

98.3
98.1
98.1
98.U
99.2

1 0 0 .0

121

Iowa........................................................
All banks.............................................
Unit banks......................................
Banks operating branches...............
Branches.............................................

98.2
97.9
97.9
98.U
99.2

INSURANCE

290
234
195
39
56

Total

1 0 0 .0

112

10
1
1

Banks operating branches...............
Branches.............................................

Insured banks
as percentages of
banks of deposit1

DEPOSIT

606
485
U22
63

type

Noninsured

Members F. R.
System
National State

Indiana..................................................

and

FEDERAL

Insured

state

Commercial and stock savings banks
and nondeposit trust companies

All banks

Total

by

20.6
21.9
23.3

M aryland...............................
All banks.............................
Unit banks.......................
Banks operating branches
Branches..............................

320

314

169
129
U
O
151

164
125
39
150

6

5
A
1
1

294

160
12 k
.
36
134

291

158
123
35
133

607

368
276
92
239

173
120
53
188

195
156
39
51

180
126
51,
190

173
120
53
188

M ich ig a n ...............................
All banks.............................
Unit banks.......................
Banks operating branches
Branches.............................

692

664

28

692

664

M in n esota.............................
All banks.............................
Unit banks.......................
Banks operating branches,
Branches..............................
M ississippi............................
All banks.............................
Unit banks.......................
Banks operating branches
Branches..............................
M issouri.................................
All banks.............................
Unit banks.......................
Banks operating branches
Branches..............................
M o n ta n a ................................
All banks.............................
Unit banks.......................
Banks operating branches,
Branches..............................

361

435
367
68
257

414
3U9
65
250

687

670

681
679
2

664
662
2

6

269

202

16U
38
71

198
160
38
71

600

576

21

18
3
7
17

599
598
1

575
57U
1

370

361

435
367
68
257

414
31,9
65
250

686

669

663
661
2

74

16
8
8
58

137

83
63
20
54

2
1

1

237

.. „

53

9

25
7
18
71

33
21
12

7
6
1

20

2

169

262

233

22

96

153
138
15
109

183
U7
36
50

184

28

457

178
176
2

28

457
457

9

6

6

273

269

29

24

24
21,

16 k
38
71

24
23
1
5

2

600

576

80

99

397

575
57U
1

79
78
1

1

1

1

1

110

110

110

39

110

110

110

110

110

110

N ebraska................................
All banks.............................
Unit banks.......................
Banks operating branches
Branches.............................

418

369

N evada....................................
All banks.............................
Unit banks.......................
Banks operating branches
Branches..............................

29

416
W
2
2

367
365
2

49

49
h9

418

416
4U
2

369

125

47.0
1,3.5
57.6
78.7
96.8

7
6
1

96.5
96.7
95.6
97.3
97.8

97.8
97.8
100.0

97.8
97.8
100.0
1 0 0 .0

98.5

98.0
97.6
100.0

98.0
97.6
100.0

1 0 0 .0

1 0 0 .0

96.6

397
397

45

26

20

96.6

45
U5

16

96.6
96.6
100.0
1 0 0 .0

100.0

26

100.0

1 0 0 .0

228

43

228

43
U
3

1 0 0 .0

100.0

100.0

89.6

89.6

89.5
89.5
100.0

89.5
89.5
100.0
1 0 0 .0

2

2

2

1 0 0 .0

29

29

20

100.0

5
2
3
15

1 0 0 .0

100.0
100.0

1 0 0 .0

1 0 0 .0

100.0
1 0 0 .0

100.0

1 0 0 .0

100.0
100.0

8

8

8

3
5

3
5

3
5

21

21

21

16
16

96.6
96.6
100.0
1 0 0 .0

99
99

1 0 0 .0

96.8

98.5

20
20

66.7
1,0.0
100.0

96.1
95.2
98.1
98.9

29

8

123
121
2

97.6

367
365
2
2

3
5
21

39
39

188
150
38
49

59.5

88.5

BANKS

110

237

97.8

1

110

17

99.4
100.0
97.2
99.3

15

15
15

167
131
36
64

599
598
1

99.3

97.6
97.7
97.5
99.3

1 0 0 .0

198
160
38
71

202

98.4

6

96.5
96.7
95.6
97.3

6

4
4
U

188
150

23

15
12
3
7

231

78
6U
U
91

26

9
5
h
17

115
92
23
97

212

680
678
2

110




21

17
17

6

273

246

59
52
7

NUMBER, OFFICES, A D DEPOSITS O OPERATING
N
F

M assachusetts.....................
All banks.............................
Unit banks.......................
Banks operating branches,
Branches.............................

80

100.0

C
O

CO

T a b le 102.

N um ber

o f

O p e r a t in g

Banks and

B ran ch es,

D ecem b er

31, 1951— Continued

G RO U PED A C CO RD IN G TO IN SU R A N C E STATUS AN D CLASS OF B A N K , AN D B Y STATE AN D TY PE OF OFFICE

Commercial and stock savings banks
and nondeposit trust companies

All banks

Insured
State and type of bank or office
Insured

Non­
Total
insured

Noninsured

Members F. R.
System
Total
National State

59
58
57
I
1

53
51
U
9
2
2

2

74
51
37
1U
23

74
51
37
U
23

74
51
37
1.4
23

1,686
749
567
182
937

1,674
740
560
180
934

12
9
7
2
3

1,452
619
lj.95
12U
833

North Carolina
All banks
Unit banks
Banks operating branches
Branches

460
225
159
66
235

457
224
159
65
233

3
1

North Dakota
All banks
Unit banks
Banks operating branches
Branches

172
150
135
15

167
145
130
15

22

22

New Mexico
All banks
Unit banks
Banks operating branches
Branches
New York. . . .
...
..............
All banks
.
...............................
Unit batiks
................................
Banks operating branches
..
Branches
. ..




1
2

5
5
5

w
490
314
255
59
JL7 6
74
51
37
n

1
1
1

6
6

18
17
16
1
1

278

150
70
U
7
23
80

62
42
33
9

1
1
1

202

175
27
76

1

3
3
3

20

31
26
22
-4
5

7
1
1

603
372
319
53
231

702
164
117
U
7
538

135
74
52
22
61

460
225
159
66
235

457
224
159
65
^233,

72
46
3U
12
26

34

351
170
121
U
9
181

172
150
135
15

167
145
130
15

40
40
uo

22

22

32
23
18
5
9

32
23
18
5
9

34
17
8
9
17

1,440
610
U88
122
,830

35
34
33
1
1

35
34
33
1

9
8

8

■
4
26
2
2

2

125
103
88
15
22

52.7
53.2
53.8
33.3
33.3

76.6
77.3
78.1
50.0
50.0

99.8
99.7
99.6
100.0

99.8
99.7
99.6
100.0

100.0
100.0

1 0 0 .0

1 0 0 .0

1 0 0 .0

100.0

52
51
50
1
1

6

All
Com­ Mutual
Non­ banks mercial savings
In­
sured2 insured of de­ banks banks
posit

100.0

1 0 0 .0

6

u
2
3
3
1
1
2

5
5
5

3
3
3

234
130
72
58
104

234
130
72
58
104

100.0
100.0

1 0 0 .0

9

1 0 0 .0

1 0 0 .0

100.0
100.0

100.0

1 0 0 .0

99.5
99.2
99.3
98.9
99.7

99.4
99.0
99.2
98.U
99.6

99.3
99.6
100.0
98.5
99.1

99.3
99.6
100.0
98.5
99.1

97.1
96.7
96.3
100.0

97.1
96.7
96.3
100.0

1 0 0 .0

1 0 0 .0

100.0
1 0 0 .0

100.0
100.0
1 0 0 .0

CORPORATION

522
337
273
6U
185

59
58
57
1

Total

INSURANCE

494
318
259
59
176

526
341
277
6U
185

New Jersey. .
........
All banks
.
................................
.................................
Unit banks
Banks operating branches
Branches

4
4
•
4

77
75
73
2

Not
Non­
mem­ Banks deposit
bers
trust
of de­
F. R.
posit
com­
System
panies

DEPOSIT

Banks operating branches
Branches

112
109
106
3
3

Insured banks
as percentages of
banks of deposit1

FEDERAL

Total

Mutual savings banks

O k lah om a..............................
All banks.............................
Unit banks.......................
Banks operating branches
Branches..............................

386
385
38U
1

375
374
373
1

11

O regon ....................................
All banks.............................
Unit banks.......................
Banks operating branches
Branches..............................

175
71
57
1U
104

173
69
55
n
104

P ennsylvania........................
All banks.............................
Unit banks.......................
Banks operating branches
Branches..............................

1,206
967
889
78
239

1,186
951
876
75
235

20
16
13
3
4

1,180
960
886
7h

R hode Isla n d ........................
All banks.............................
Unit banks.......................
Banks operating branches
Branches..............................

82

13

11
11
60

69
14
6
8
55

South C arolina....................
All banks.............................
Unit banks.......................
Banks operating branches
Branches..............................

203
149
131
18
54

188
134
116
18
54

15
15
15

South D a k o ta ......................
All banks.............................
Unit banks.......................
Banks operating branches
Branches.............................

219
169
1US
26
50

219
169
1U3
26
50

T enn essee..............................
All banks.............................
Unit banks.......................
Banks operating branches
Branches..............................

401
298
265
33
103

394
291
258
33
103

7
7
7

T exas.......................................
All banks.............................
Unit banks.......................
Banks operating branches
Branches..............................

926
914
901
13

882
870
857
13

44
44
U

12

12




1

22

1

895
649
588
61
246

320
239
218
21
81

315
180
161
19
135

260
230
209
21
30

7
7
7

386
385
381+
1

375
374
373
1

199
198
197
1

25
25
25

151
151
151

9
9
9

1

11

11

902
656
595
61
246

1

1

2

174
70
56
U
104

172

8

5
3
5

99.2

99.2

98.9

98.8

108

12

20

10

5.4
U
104

17
3

9
1

88

1,160
944
873
71
216

68
14
5
9
54
203
149
131
18
54

188
134
116
18
54

63
25
19
6
38

9
7
5
2

219
169
1U3
26
50

57
35
31
U

27
27
27

22

401
298
265
33
103

394
291
258
33
103

127
74
63
11
53

22

926
914
901
13

882
870
857
13

455
443
U30
13

12

12

100.0

100.0

100.0

100.0

2

97.7

97.7

2

97.7

97.7
100.0

100.0

97.6

2

1

99.4

99.4

1

1

1

1

1

1

1

1

98.6

98.6

2

751
619
577
U
2
132

166
106
92
lit.
60

243
219
20U
15
24

18
14
11
3
4

2
2

26
7
3
U
19

26
7
3
U
19

63

16

34

4

1

14

11

6

2

13
3

1

8

U
7
52

U
2

6
3
2
1
3

2
32

2

1

2

2

1

3

2

10

2

6

116

15
15
15

92
10
14

98.5

98.5

98.5

98.5

98.8
96.2
98.3

8
5
U
1
3

100.0
100.0

98.2

100.0

85.2

94.0

66.7

84.6
100.0

42.9
37.5
33.3
50.0
50.0

60.0
72.7

77.8

91.7

96.3

92.6
89.9

88.5

88.5

100.0

100.0

100.0

100.0

100.0
100.0

138
138
138

289
289
289

44
44
U

100.0

100.0

12

100.0

100.0
100.0

3
3
3

100.0

99.0

99.0

98.6

98.5

100.0
100.0

98.6

98.5

100.0
100.0

100.0

95.2

95.2

100.0

95.2

95.2

100.0

100.0
100.0

95.1

100.0

12
1

100.0
100.0

98.8
95.9

89.9

135
107
85
22
28

100.0
100.0
100.0

100.0
100.0

92.6

4
4
u

9
1

98.2

100.0

6
2

102

98.2

100.0

245
207
186
21
38

10

1

97.6

52
38
28
10
14

10

1

100.0

100.0

100.0

100.0

68

220

3
3
3

100.0

219
169
11+
3
26
50

2
2

3
3
3

95.1

135

7
7
7

BANKS

898
652
591
61
246

O OPERATING
F

905
659
598
61
246

NUMBER, OFFICES, A D DEPOSITS
N

O h io ........................................
All banks.............................
Unit banks.......................
Banks operating branches
Branches..............................

T a b le 102.

N um ber

o f

O p e r a t in g

B anks and

B ra n ch es,

D ecem ber

31, 1951— Continued

CO
o

G RO U PED A C C O R D IN G TO IN SU R A N C E STATUS AND CLASS OF B A N K , AN D B Y STATE AN D TY P E OF O FFICE

Commercial and stock savings banks
and nondeposit trust companies

All banks

Insured

Non­
insured

Total

Members F. R.
System
Total
National State

Branches

W&shin^ton
..
All banks
............
Unit banks
..............
Banks opctatinQ btanchcs
"Rrnnf*hp^
West Virginia
Al l K q h V g

Unit banks

95
75
66
9

20

20

435
315
259
56
120

280
121

103
18
159

1
1

1

177
177
177

709
557
1*65
92
152

699
548
1*57
91
151

38
29
23
6
9

80
69
61
8

79
60
8

40
38
36
2

11

2

435
315
259
56

90
71
60
11
19
22

68

11

9
2
19

1

120

273
117
100
17
156

270
114
97
17
156

175
35
25
10
140

16
1U
2
6

181
181
181

74
74
7*
1

35
35
35

68
68

4
4
U

705
553
1
*61
92
152

c ,
696
545
15 *
*1
91
151

75
69
65
U

510
381
299
82
129

68

3
3
3

1

1 0 0 .0

98.9
97.4
97.0
100.0

100.0
100.0

1 0 0 .0

4
4
U

100.0
100.0

98.9
97.5
97.1
100.0

7
4
3
1
3

1 0 0 .0

1 0 0 .0
1 0 0 .0

1 0 0 .0

1 0 0 .0

97.8
97.8
97.8

7
4
3
1
3

1 0 0 .0

1 0 0 .0

10

177
177
177

73
63
58
5

100.0
100.0

100.0
100.0

86
25
53

1 0 0 .0
1 0 0 .0

100.0
100.0

1 0 0 .0

111

1 0 0 .0
1 0 0 .0

100.0
100.0

16
7
6
1
9

1 0 0 .0

1 0 0 .0
1 0 0 .0

1 0 0 .0
1 0 0 .0

1

16
7
6
1
9

1 0 0 .0
1 0 0 .0

100.0
100.0

1 0 0 .0
1
1

164

120

3
3
3

1 0 0 .0
1 0 0 .0

100.0
100.0

2

181
133
113
20
48

435
315
259
56

120

181
181
181

1
1

30

11

435
315
259
56
277
118
100
18
159

26
24
22
2

84
54
1
*7
7
30

97.8
97.8
97.8

99.0
98.9
98.9
98.9
99.3

99.1
99.1
99.1
98.9
99.3

1 0 0 .0
1 0 0 .0

"Rvon r* iP
V fl
W iscon sin .............................................
All banks.............................................
Unit banks
...............................
Banks operating branches
Branches




10

9
8
1
1

111

95
90
5
16

6

6

5
1
*
1
1

3
3
3

4
4
U

3
3
3

1
1

1

75.0
75.0
75.0

CORPORATION

V irginia
A banks
.11
Unit banks
Banks opcvatinQ btanchcs
Branches

96
76
67
9

28
19
16
3
9

84
54
U
7
7
30

84
54
U
7
7
30

All
Com­ Mutual
Non­
banks mercial savings
In­
sured2 insured of de­ banks banks
posit

INSURANCE

V erm on t
..............
All banks
.............................
Unit banks
Bank* opcvating bvanchcs
Branches

84
54
U
7
7
30

Total

DEPOSIT

Utah

Not
Non­
mem­ Banks deposit
trust
of de­
bers
com­
posit
F. R.
System
panies

FEDERAL

Total

Insured banks
as percentages of
banks of deposit 1

Noninsured

Insured
State and type of bank or office

Mutual savingsibanks

Wyoming.................................
All banks...............................
Unit banks.........................
Banks operating branches.
Branches...............................

100.0
100.0
100.0

100.0
100.0
100.0

Possessions
40.7
30.0

40.7
30.0

20.0

20.0

60.0
71.4

60.0
71.4

American Samoa..................
Ail banks...............................
Unit banks.........................
Banks operating branches.
Branches...............................
Hawaii4.....................................
All banks...............................
Unit banks.........................
Banks operating branches.
Branches...............................

48

4.0
50.0

2

4.0
50.0

100.0

100.0

44
7
U
3
37

73.3
63.6
66.7
60.0
75.5

73.3
63.6
66.7
60.0
75.5

2
1

66.7
50.0

66.7
50.0

100.0
100.0

100.0

2

DEPOSITS

Mariana Islands5...................
All banks.............................
Unit banks.......................
Banks operating branches.
Branches5 ...........................

53
7
5
2
46

Puerto Rico5...........................
All banks...............................
Unit banks.........................
Banks operating branches.
Branches5 .............................

1 Percentages are based on totals for all banks, excluding nondeposit trust companies.
2 Includes 3 banks members of the Federal Reserve System: 1 in Indiana and 2 in Wisconsin.
3 Includes 5 national banks, 4 among insured banks not members of the Federal Reserve System, and 1 among noninsured
4 Includes, among noninsured banks, 1 national bank operating 2 1 branches.
5 Includes noninsured branches of insured banks in the United States: 2 in Mariana Islands (1 in Guam and 1 in Saipan),
6 Includes, among insured banks not members of the Federal Reserve System, 1 national bank operating 1 branch.

Back figures: See the Annual Report for 1950, pp. 218-225, and earlier reports.

100.0

banks.
4 in Panama Canal Zone, and

9

in Puerto Rico.

BANKS

Virgin Islands6......................
All banks...............................
Unit banks.........................
Bonks operating branches.
Branches...............................

O OPERATING
F

Panama Canal Zone5...........
All banks...............................
Unit banks.........................
Banks operating branches.
Branches3 .............................




NUMBER, OFFICES, A D
N

Alaska3.....................................
All banks...............................
Unit banks.........................
Banks operating branches.
Branches...............................

T a b le 103.

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 , D e c e m b e r 31, 1951

B A N K S G RO U PED ACCO RD ING TO IN SU R AN CE STATU S AN D B Y D IS TRIC T AN D STATE

Deposits (in thousands of dollars)

Number of banks
Commercial and stock savings
banks and nondeposit
trust companies
and State

N oninsured

All
banks1

In­
sured

Nonin­
sured

All
banks

N onin­
sured

Mutual savings banks

Nonin­
sured

14,132

13,455

612

65

529

202

327 186,603,665 165,688,336 163,171,949

2,516,387 20,915,329 15,368,037

5,547,292

United S ta te s ... 14,618

14,089

13,439

590

60

529

202

327 185,755,642 164,840,313 162,908,401

1,931,912 20,915,329 15,368,037

5,547,292

43

43

16

22

5

854
1,141
1,626
1,058
1,039
1,510
1,477
1,558
1,617
1,144
527

513
986
1,616
1,049
1,039
1,510
1,469
1,558
1,109
1,617
1,144
522

458
967
1,593
1,027
965
1,451
1,430
1,488
1,087
1,408
1,098
483

State
AInV m
iQ Ji
Arizona
.Arkansas
California
P nl fv iH
r£ a

226
13
230

226
13
230

226

201

201

157

157

Connecticut.........
Delaware
Dist. of Columbia
Florida
ri-pnT’O o
’i

184
38
19
208
403

112

36
19
208
403

94
35
19
204
337

Illinois
Indiana................

42
895
485
663
607

42
895
481
663
607

41
882
471
606
468

■ n i c H -r i r t 11
pf* 1 93

c t* i
sT

Kansas

1 ,1 1 0




12

224
190
147

52
13
21
21

72
48
29
66
20
201

848,023
320
2

9

10
6

3

10

8

6

2

2
8
1

1

1

5

5

4

45
24

15

5

341
155
10

1
1

2
10

9

17

1

1
2
66

72

4

2

68
2

2

1
10

9
56
139

3
1
1

4

3

1

848,023

263,548

14,015,569
53,146,316
21,051,679
9,611,052
6,458,841
9,737,407
12,845,090
16,147,918
4,944,105
6,789,030
10,987,950
20,868,708

8,310,441
40,199,305
19,663,522
9,200,648
6,458,841
9,737,407
12,784,858
16,147,918
4,769,403
6,789,030
10,987,950
20,639,013

8,004,085
39,579,619
19,587,784
9,065,459
6,425,960
9,684,709
12,600,775
16,015,255
4,641,189
6,577,147
10,900,479
20,089,488

1,377,952
532,942
880,043
15,173,300
1,313,510

21

153

3
6
2
1
2
11

Insured

1,377,952
532,942
880,043
15,173,300
1,313,510

1,377,952
530,305
877,010
15,115,123
1,307,881

3,264,974
623,872
1,258,416
2,210,971
1,990,491

1,873,390
534,076
1,258,416
2,210,971
1,990,491

1,795,829
531,061
1,258,416
2,203,425
1,973,564

77,561
3,015

475,677
13,753,798
3,542,027
2,394,120
1,840,601

475,677
13,753,798
3,496,618
2,394,120
1,840,601

466,624
13,710,103
3,476,189
2,305,152
1,680,829

9,053
43,695
20,429
88,968
159,772

Total

Insured

584,475
301,266
306,356 5,705,128
619,686 12,947,011 12,857,215
75,738 1,388,157 1,388,157
370,231
410,404
135,189
32,881
52,698
46,771
60,232
184,083
132,663
174,702
174,702
128,214
211,883
87,471
229,695
229,695
549,525

5,403,862
89,796
40,173
13,461

CORPORATION

FDIC District
District 1 .............
District 22 ............
District 3
District 4 .............
District 5
District 6
District 7 .............
District 8
District 9
District 10

Total

INSURANCE

United States and
possessions. . . 14,661

Total

DEPOSIT

Total

In­
sured

FEDERAL

Non­
Banks deposit
trust
of de­
com­
post1
panies

Commercial and stock savings
banks and nondeposit
trust companies

Mutual savings banks

2,637
3,033
58,177
5,629
1,391,584
89,796

76,771

1,314,813
89,796

45,409

32,324

13,085

7,546
16,927

361
165
54
158
173

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

435
681

435
680

202

202

110

110

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

416

416
8

8

75
318
51

58
314
51

New Y ork........
North Carolina.
North Dakota..
Ohio.................
Oklahoma........

749
225
150
659
385

619
225
150
656
385

610
224
145
649
374

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

71
967
22

149
169

70
960
14
149
169

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

298
914
54
76
315

298
914
54
69
315

291
870
54

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

121
181
557
52

117
181
553
52

1,777,826
2,021,944
444,666
1,714,170
4,480,225

19,931
831
40,586
87,951
102,368

6,016,806
3,022,656
879,427
4,855,179
615,325

5,861,877
3,007,213
871,019
4,830,897
615,325

154,929
15,443
8,408
24,282

1,446,780

1,406,670

40,110

2 0 2 ,0 2 2

2 0 2 ,0 2 2

583,007
5,756,998
403,335

296,701
5,093,917
403,335

241,246
5,087,945
403,335

46,462,919
2,113,442
601,051
8,609,130
1,882,274

34,268,785
2,113,442
601,051
8,357,487
1,882,274

33,786,495
2,087,897
488,280
8,348,270
1,875,902

1,514,028
12,442,549
1,080,164
796,775
530,371

1,494,683
11,306,035
799,158
796,775
530,371

1,486,703
11,239,514
768,772
787,727
530,371

7,980
66,521
30,386
9,048

2,204,428
8,028,898
653,583
273,347
2,209,801

2,198,976
7,944,895
653,583
273,347
2,209,801

114
177
545
52

2,304,602
1,020,093
3,286,257
305,865

2,094,252
1,020,093
3,271,434
305,865

2,076,003
1,007,448
3,262,709
305,865

18,249
12,645
8,725

116,401
1,185
384,326
19,009

116,401
1,185
384,326
19,009

65,142
24,288

24,575
297,765
4,762

169,356
4,762

174,702

174,702

286,306
663,081

663,081

210,097
40,173
3,411,932

51,259
1,185
360,038
19,009

24,575
297,765
4,762

34,163
370,231

5,452
84,003

315

2,204,428
8,028,898
653,583
363,387
2,209,801

244,260
410,404
3,411,932

944
11

134
169

68

23
130
'’‘3

130

34

2 0 2 ,0 2 2

55,455
5,972

286,306

482,290 12,194,134 12,194,134
25,545
112,771
9,217
251,643
251,643
6,372
19,345
1,136,514
281,006

19,345
1,136,514
100,292

90,040

90,040

210,350

210,350

14,823

’ 14,447

180,714

376

24,575
128,409

Includes 25 noninsured banks of deposit (17 in Georgia, 2 in Iowa, 5 in Texas, and 1 in the Virgin Islands) for which deposits are not available.
Includes Puerto Rico and the Virgin Islands.
Includes Alaska, American Samoa, Hawaii, Mariana Islands, and the Panama Canal Zone.
Includes deposit data for the following noninsured branches of insured banks in the U. S.: 2 in the Mariana Islands (Guam and Saipan); 4 in the Panama Canal Zone;
and 9 in Puerto Rico. Data for these branches are not included in the figures for the States in which the parent banks are located.
Back figures: See the Annual Report for 1950, pp. 226-227, and earlier reports.
1
2
3
4




BANKS

Possession
Alaska.................
American Samoa.
Hawaii.................
Mariana Islands4.
Panama Canal
Zone4 ................
Puerto Rico 4 ........
Virgin Islands

599

1,797,757
2,022,775
485,252
1,802,121
4,582,593

1,446,780

367

8

109
341
51

599

1,797,757
2,022,775
729,512
2,212,525
7,994,525
6,016,806
3,197,358
879,427
4,855,179
615,325

414
663
198
575
110

25
3
188

32
9
188

O NONINSURED
F

383
166
63
160
180

DEPOSITS

383
166
95
169
368

NUMBER, OFFICES, AND

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

00

C
D

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, 1951
jBanks 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, 1951
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, 1951
Banks grouped by district and State
Table 107. Assets and liabilities of operating insured banks, December 31, 1951, June 30,
1951, and December 30, 1950




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 and possession are also shown in the Corporation’s
publication, “ Assets, Liabilities, and Capital Accounts, Capital and
other Ratios, Commercial and Mutual Savings Banks,” as follows:
Report No. 35, pp. 8-9
Report No. 36, pp. 8-9

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.

Beginning with June 30, 1948, individual loan items have been
reported gross instead of net of valuation reserves. Accordingly, re­




Sources o f 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 M cN ally Bankers
Directory; Polk’s Bankers Encyclopedia; and reports from individual
banks.

BANKS

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.

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.

O OPERATING
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.”

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
exclusions which are permitted and deductions which may be claimed.

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.

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.

ASSETS A D
N

For June 30, 1951
For December 31, 1951

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.

T a b le 104.

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 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 i o n s , J u n e 30, 1951
B AN K S GROUPED ACCORDING TO INSURANCE STATUS AND TYPE OF BAN K

to

(Amounts in thousands of dollars)

Commercial and stock savings banks and
nondeposit trust companies

A ll

M u tu a l savings banks

Noninsured
Asset, liability, or capital account item

T ota l assets..........................................................

189,252,641 179,945,629

N on-

Total

Insured

9,307,012 166,417,678 163,351,016

Ban ks
of
deposit

2,865,905

N ondeposit
trust
com­
panies^

Total

Insured

0,757 22,834,963 16,594,613

Non­
insured

6,240,350

709,822

37,552,166

37,005,819

493,677

52,670

851,409

687,934

163,475

1,934,978
18,945,745
9,005,052
267,620
119,896
7,420,462

98,539

1,862,593
18,944,597
8,644,564
34,131
119,896
7,400,038

70,558

1,545

532,310
16,568
17,997
44,408

1,934,696
18,944,597
9,055,474
44,322
137,893
7,435,184

361,550
10,124
17,984
33,461

49,360
67
13
1,685

98,821
1,148
481,888
239,866

72,385
1,148
360.488
233.489

121,400
6,377

29,686

20,424

9,262

Securities— t o ta l................................................. 84,211,759
U. S. Gov’t, obligations (incl. guaranteed). . . 68,958,920
8,641,105
Obligations of States and subdivisions...........
6,021,372
Other bonds, notes, and debentures2 ..............
590,362
Corporate stocks................................................

78,757,980

5,453,779

71,534,757

69,919,107

1,514,652

100,998 12,677,002

3,838,129

64,650,522
8,419,864
5,348,478
339,116

4,308,898
221,241
672,894
251,246

58,754,202
8,559,867
3,834,093
386,595

57,481,868
8,344,250
3,763,261
329,728

1,212,547
197,387
64,800
39,918

59,787 10,204,718
18,230
81,23 8
6,032 2,187,279
16,949
203,767

8,838,873
7,168,654
75,614
1,585,217
9,388

64,218,091

61,236,868

2,981,223

55,198,234

54,407,525

28,884

6,829,343

2,190,514

Loans and discounts, net— t o ta l...................
Valuation reserves3 ................................................
Loans and discounts, gross— t o t a l................
Commercial and industrial loans.....................
Loans to farmers directly guaranteed by the
Commodity Credit Corporation..................
Other loans to farmers (excl. real estate). . . .
Loans to brokers and dealers in securities... .
Other loans for carrying securities..................
Real estate loans— total....................................
Farm land.......................................................
Residential properties.....................................
Other properties...............................................
Other loans to individuals................................
Loans to banks..................................................
All other loans (including overdrafts)............
M iscellaneous assets—t o t a l ............................
Bank premises owned, furniture and fixtures.
Other real estate— direct and indirect............
All other miscellaneous assets..........................




963,130

937,148

25,982

716,387

713,805

761,825
2,550

32

9,019,857
246,743

223,343

26,436

3,036,064
5,624
602,062
194,379
23,400

65,181,221

62,174,016

3,007,205

55,914,621

55,121,330

764,375

28,916

9,266,600

2,213,914

23,809,718

23,568,162

241,556

23,785,507

23,547,386

235,952

2,169

7,052,686

24,211

20,776

3,435

54,602
3,087,897
1,622,039
1,046,274
23,423,966

51,191
3,002,748
1,616,174
1,001,996
20,993,806

3,411
85,149
5,865
44,278
2,430,160

3,411
84,731
5,865
37,952
246,650

1,507

1,260

247

5,017
18,685

1,222
6,972,689

1,309
2,164,825

1,0^2,510
16,651 M l
3,299,855

1,007,260
10,707,81+9
2,306,008

2,531
9,137,514

1,076,922
18,737,810
3,609,23k

1,031,025
10 ,90k, m
2,351,006

51,191
3,001,488
1,616,174
1,000,774
14,021,117

171

3J>M2
2,086,369
309,379

54,602
3,086,390
1,622,039
1,043,743
14,286,452

10,492,211
156,196
1,488,318

10,345,207
155,224
1,439,508

147,004
972
48,810

10,401,362
156,196
1,478,330

10,295,847
155,224
1,432,129

i ilili

2,419,216

2,257,028

162,188

2,132,521

1,291,759
137,357
990,100

1,244,578
119,727
892,723

47,181
17,630
97,377

1,177,090
130,882
824,549

22,U59
180,727

1,306
15,8U5
1,53 k

k5,897
7,833,389
1,258,228

10,6k7
1,889,797
26k,381

1,130

35,250
5,9k3,592
993,8k7

90,849

49,360

41,489

972
44,457

1,744

9,988

7,379

2,609

2,018,565

95,751

18,205

286,695

238,463

48,232

1,155,090
116,022
747,453

16,915
6,563
72,273

5,085

8,297
4,823

114,669
6,475
165,551

89,488
3,705
145,270

25,181
2,770
20,281

C O R P O R A T IO N

37,693,753

2,033,517
18,945,745
9,537,362
284,188
137,893
7,464,870

IN S U R A N C E

38,403,575

D E P O S IT

Cash, balances with other banks, and cash
collection item s— t o ta l.............................
Currencjr and coin.............................................
Reserve with F. R . banks (member banks) . .
Demand balances with tanks in U. S.............
Other balances with banks in U. S.................
Balances with banks in foreign countries. . . .
Cash items in process of collection..................

Insured

FEDERAL

Total

T ota l liabilities and capital a c c o u n ts .............. 189,252,641 179,945,629

9,307,012 166,417,678 163,351,016

Deposits of individuals, partnerships, and
corporations— t o t a l................................... 141,907,459 134,590,696

7,316,763 121,519,773 119,681,093

D e m an d ...................................................
T im e .......................................................

86,012,863
55,894,596

84,777,324
49,813,372

1,235,539
6,081,224

86,000,181
35,519,592

84,766,177
34,914,916

2,865,905

200,757 22,834,963 16,594,613

1,766,386

72,294 20,387,686 14,909,603

5,478,083

71,255
12,682
11,147
1,039 20,375,004 14,898,456

1,535
5,476,548

1,162,749
603,637

6,240,350

2,260,684

24,592

2,281,265

2,256,734

24,452

79

4,011

3,950

61

16,501,219

16,149,930

6,201,003
214,402
8,488,587
1,597,227

351,289

16,490,523

6,112,588
212,900
8,313,214
1,511,228

16,140,401

350,018

104

9,529

88,415
1,502
175,373
85,999

6,198,810
214,378
8,487,447
1,589,888

10,696

1,167

6,110,988
212,876
8,312,091
1,504,446

87,822
1,502
175,252
85,442

2,193
24
1,140
7,339

1,600
24
1,123
6,782

593

ASSETS

104

17
557

AND

11,606,906
9,883,103
27,879
1,335,064
339,180
21,680

378,560

11,984,227

11,605,677

378,549

190,120
159,260
28,552

10,073,198
185,925
1,363,616
339,180
22,308

9,883,078
26,675
1,335,064
339,180
21,680

190,120
159,250
28,551

8,071,204 152,275,788 149,683,905
1,71+2,591 111+,I+0I+,51 7 112,66!+,132
6,328,613 37,871,271 37,019,773

2,519,405
1,668,91+6
850,159

United States Government— d em an d..........
United States Government— tim e...............
States and subdivisions— dem and...............
States and subdivisions— tim e....................

Interbank and postal savings deposits—
t o t a l............................................................... 11,985,466
Banks
Banks
Banks
Ban ks
Postal

in the United States— -demand..........
in the United States— tim e ...............
in foreign countries— dem and...........
in foreign countries— 'time................
savin gs...........................................

10,073,223
187,139
1,363,616
339,180
22,308

T otal d ep o sits............................................. 172,679,420 164,608,216
D e m a n d ............................................. HI>,U21+,568 112,681,977
T im e .................................................
58,25J
f.,852 51,926,239
2,255,719

2,113,820

141,899

78,258
2,177,461

68,881
2,044,939

9,377
132,522

T otal liabilities (excluding capital
a c c o u n t s ).................................................. 174,935,139 166,722,036
Capital accou n ts— t o ta l...................................

57,148

68,781
1,957,036

6,776
50,372

8,213,103 154,384,937 151,709,722

2,576,553

13,223,593

1,093,909

12,032,741

11,641,294

76,781
3,552,051
6,486,113
3,108,648

21,633
123,290
543,136
405,850

98,414
3,675,341
5,461,912
2,797,074

76,781
3,552,051
5,321,824
2,690,638

Num ber of bar kg5...........................................

14,680

13,652

1,028 i

14,151

13,451 1

72,478 20,403,632 14,924,311

71 ,1+39
20,051
17,81+5
1,039 20,383,581 1J ,906,1+66
+

5,479,321
2,206
5,U77,115

88,003

58,567

100
87,903

1,083
57,484

98,662 20,550,202 15,012,314

5,537,888

1

26,184
1,518
24,666

146,570
1,183
145,387

289,352
21,505
85,169
105,866
76,812

102,095

2,284,761

1,582,299

128
38,121
34,222
29,624

(4
)

(4
)

1,567,337
717,424

1,164,289
418,010

636

64

529

201

702,462
403,048
299,414

i

BANKS

Preferred capital.......................................
Common stock..........................................
Su rplu s....................................................
Undivided profits and reserves...................

14,317,502
98,414
3,675,341
7,029,249
3,514,498

10

10

628

2,025,817

2,109,149
77,075
2,032,074

1,229
25
1,204

1

OPERATING

M iscellaneous liabilities— t o ta l.....................
Rediscounts and other borrowed m o n ey......
A ll other miscellaneous liabilities................

628

1,239
25
1,214

O
F

2,285,276

Governm ent deposits— t o ta l...........................

LIABILITIES

Certified and officers’ checks, cash letters
of credit and travelers’ checks o u t­
standing, and am oun ts due to Federal
Reserve b a n k s.............................................

328

1 Am ounts shown as deposits are special accounts and uninvested trust funds, with the latter classified as demand deposits of individuals, partnerships, and corporations.
2 Includes obligations of United States Government corporations and agencies, not guaranteed by the United States Government.
3 Reserves for losses on loans authorized by the Bureau of Internal Revenue for income tax purposes and other valuation reserves.
4 N o t reported separately. Included with “Undivided profits and reserves.”
5 Includes 25 noninsured banks of deposit for which asset and liability data are not available.
B ack figures: See the Annual Report for 1950, pp. 230-231, and earlier reports.
^




60

T a b le 105*

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 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 i o n s , D e c e m b e r 31, 1951
BAN KS GROUPED ACCORDING TO INSURANCE STATUS AND TYPE OF B ANK

14
4

(Amounts in thousands of dollars)

Commercial and stock savings banks and
nondeposit trust companies

All banks

Mutual savings banks

N oninsured
Asset, liability, or capital account item
Total

Insured

Cash, balances with other banks, and cash
collection item s—t o t a l ............................. 45,716,618
2,890,421
Currency and coin.............................................
Reserve with F. R. banks (member banks). . 19,911,777
Demand balances with banks in U. S............ 12,553,034
233,489
Other balances with banks in U. S.................
53,694
Balances with banks in foreign countries. . . .
Cash items in process of collection.................. 10,074,203

44,937,079
2,776,754
19,911,777
11,954,486
224,865
48,929
10,020,268

Securities— t o ta l................................................. 87,586,263
U. S. Gov’t, obligations (incl. guaranteed).. . 71,595,087
9,392,508
Obligations of States and subdivisions...........
5,989,483
Other bonds, notes, and debentures2 ..............
609,185
Corporate stocks................................................

2,769,411

N ondeposit
trust
com­
panies1

Total

Insured

205,244 23,438,817 17,129,076
886,208
124,173
1,253
541,910
186,485

695,271
91,045
1,253
397,302
183,831

Non­
insured

6,309,741
190,937
33,128

44,241,808
2,685,709
19,910,524
11,557,184
41,034
48,929
9,998,428

532,574
79,260

56,028
1,279

598,548
8,624
4,765
53,935

44,830,410
2,766,248
19,910,524
12,011,124
47,004
53,694
10,041,816

400,225
5,907
4,752
42,430

53,715
63
13
958

32,387

21,840

id ,547

82,340,311
67,520,274
9,153,703
5,317,587
348,747

5,245,952
4,074,813
238,805
671,896
260,438

75,188,636
61,776,250
9,245,578
3,784,901
381,907

73,672,808
60,598,835
9,016,262
3,720,191
337,520

1,411,322
1,115,320
211,392
57,386
27,224

104,506 12,397,627
62,095 9,818,837
17,924
146,930
7,324 2,204,582
227,278
17,163

8,667,503
6,921,439
137,441
1,597,396
11,227

3,730,124
2,897,398
9,489
607,186
216,051

68,000,966
996,918
68,997,884
26,039,862

64,893,681
978,553
65,872,234
25,810,387

3,107,285
18,365
3,125,650
229,475

58,139,244
815,771
58,955,015
26,013,119

57,370,794
813,589
58,184,383
25,787,675

741,271
2,153
743,424
223,759

27,179 9,861,722
29
181,147
27,208 10,042,869
1,685
26,743

7,522,887
164,964
7,687,851
22,712

2,338,835
16,183
2,355,018
4,031

289,745
3,140,054
1,580,806
1,004,499
24,647,824
1,051,1+06

278,923
3,053,496
1,570,593
962,409
22,092,752
1,018,61+7

10,822
86,558
10,213
42,090
2,555,072
32,759

289,745
3,138,631
1,580,806
1.001,742
14,732,184
1,001+,1+53

278,923
3,052,222
1,570,593
961.293
14,487^412
982,711

10,822
86,231
10,213
35,171
227,520
20,61+0

178

1,423

1,274

149

5,278
17,252
1,102

2,757
9,915,640
1+6,953

1.116
7,605,340
35,936

1.641
2,310,300
11,017

5,987,190
J ,61+6,260
+
9,231,31+7
3,731,621
10,596,524
149,517
1,549,053

5,61+9,203
1 ,029,731+.
+
7,939,915
3,1+55,253
10,451,397
148,838
1,503,439

337,987
616,526
1,291,1+32
276,368
145,127
679
45,614

3,1+20,51+7
2,920,556
1 ,928,700
+
2,1+57,928
10,508,162
149,517
1,541,109

3,351+,1+37
2,882,086
l+,81+l+,730
2,1+23,1+1+8
10,399,389
148,838
1,498,038

271,877
61,682
l+,l+28 2,566,61+3 2,291+,766
578,056
2,823 1,725,701+ 1,11+7,61+8
35,61+7
76,1+31+
7,536 1 ,302,<61+7 3,095,185 1,207,1+62
+
21+1,888
33,117
1,363 1,273,693 1,031,805
36,354
52,008
107,758
1,015
88,362
679
41,271 ........1,800 ........7,944 ........5,401 ........2,543

2,558,776
1,330,901
141,342
1,086,533

2,407,156
1,285,335
125,572
996,249

151,620
45,566
15,770
90,284

2,265,516
1,212,076
136,559
916,881

2,163,741
1,192,647
123,003
848,091

779,539
113,667

84,244
13,951
5,860
64,433

17,531
5,478
7,696
4,357

293,260
118,825
4,783
169,652

243,415
92,688
2,569
148,158

144,608
2,654

49,845
26,137
2,214
21,494

CORPORATION




9,284,396 180,423,806 177,449,151

Banks
of
deposit

INSURANCE

M iscellaneous assets— t o t a l............................
Bank premises owned, furniture and fixtures.
Other real estate— direct and indirect............
All other miscellaneous assets..........................

Insured

DEPOSIT

Loans and discounts, net— to ta l...................
Valuation reserves3 ................................................
Loans and discounts, gross— t o ta l................
Commercial and industrial loans.....................
Loans to farmers directly guaranteed by the
Commodity Credit Corporation
Other loans to farmers (excl. real estate). . . .
Loans to brokers and dealers in securities. . . .
Other loans for carrying securities..................
Real estate loans— total....................................
Farm land.......................................................
Residential properties:
Insured by F H A .........................................
Insured or guaranteed by V A ....................
Not insured or guaranteed by FHA or VA.
Other properties...............................................
Other loans to individuals................................
Loans to banks...................................................
All other loans (including overdrafts)............

Total

FEDERAL

T otal assets.............................................................. 203,862,623 194,578,227

Non­
insured

T ota l liabilities and capital a c c o u n ts.............. 203,862,623 194,578,227

9,284,396 180,423,806 177,449,151

2,769,411

205,244 23,438,817 17,129,076

6,309,741

D eposits o f individuals, partnerships, and
corporations— t o t a l................................... 154,477,508 147,106,695
Demand.............................................................. 97,005,623 95,713,341
Tim e................................................................... 57,471,885 51,393,354

7,370,813 133,583,725 131,757,866
1,292,282 96,991,977 95,701,243
6,078,531 36,591,748 36,056,623

1,748,552
1,214,515
534,037

77,307 20,893,783 15,348,829
76,219
13,646
12,098
1,088 20,880,137 15,336,731

5,544,954
1,548
5,543,406

27,539

3,183,828

3,156,810

26,965

53

7,875

7,354

521

13,457,573
3,354,532
262,478
8,315,612
1,524,951

344,431
81,450
1,078
178,019
83,884

13,789,962
3,432,949
263,495
8,492,043
1,601,475

13,447,272
3,352,195
262,417
8,314,292
1,518,368

342,628
80,754
1,078
177,689
83,107

62

12,042
3,033
61
1,588
7,360

10,301
2,337
61
1,320
6,583

1,741
696

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

15,132,450
13,139,402
151,439
1,413,661
399,877
28,071

14,811,554
12,974,702
28,766
1,380,772
399,877
27,437

320,896
164,700
122,673
32,889

15,130,821
13,139,377
149,835
1,413,661
399,877
28,071

14,810,001
12,974,677
27,238
1,380,772
399,877
27,437

320,819
164,700
122,597
32,888

1

1,629
25
1,604

1,553
25
1,528

76

8,063,679 165,688,336 163,171,949
1,776,879 126,653,835 121+,879,989
6,286,800 39,031+,501 38,291,960

2,438,964
1,697,511
7 + ,U53
11

77,423 20,915,329 15,368,037
76,335
26,167
23,131+
1,088 20,889,162 15,31+1+,903

5,547,292
3,033
5,51+1+,259

Total d eposits.............................................. 186,603,665 178,539,986
Demand....................................................... 126,680,002 121^,903,123
Time............................................................ 59,923,663 53,636,863
M iscellaneous liabilities— to ta l.....................
Rediscounts and other borrowed m oney........
All other miscellaneous liabilities....................

2,552,690
44,008
2,508,682

2,437,677
38,436
2,399,241

T ota l liabilities (excluding capital
a c c o u n ts)...................................................... 189,156,355 180,977,663

634

115,013
5,572
109,441

2,436,140
42,485
2,393,655

62

268
777

76

1

634

2,354,385
37,986
2,316,399

57,734
3,640
54,094

8,178,692 168,124,476 165,526,334

2,496,698

24,021
859
23,162

116,550
1,523
115,027

83,292
450
82,842

33,258
1,073
32,185

101,444 21,031,879 15,451,329

5,580,550

14,706,268
90,554
3,749,452
7,261,640
3,604,622

13,600,564
68,936
3,630,093
6,720,891
3,180,644

1,105,704
21,618
119,359
540,749
423,978

12,299,330
90,554
3,749,452
5,635,767
2,823,557

11,922,817
68,936
3,630,093
5,503,601
2,720,187

272,713
21,490
79,846
94,437
76,940

103,800
128
39,513
37,729
26,430

Number of banks5 .....................................................

14,661

13,657

1,004

14,132

13,455

612

65

1 Amounts shown as deposits are special accounts and uninvested trust funds, with the latter classified as demand deposits of individuals,
2 Includes obligations of United States Government corporations and agencies, not guaranteed by the United States Government.
3 Reserve for losses on loans authorized by the Bureau of Internal Revenue for income tax purposes and other valuation reserves.
4 Not reported separately. Included with undivided profits and reserves.
6 Includes 25 noninsured banks of deposit for which asset and liability data are not available.

2,406,938
(4
)

1,677,747
(4
)

729,191

1,625,873
781,065

1,217,290
460,457

408,583
320,608

529

202

327

BANKS

Capital accoun ts— to ta l...................................
Preferred capital................................................
Common stock...................................................
Surplus................................................................
Undivided profits and reserves........................

O OPERATING
F

3,164,164

13,802,004
3,435,982
263,556
8,493,631
1,608,835

LIABILITIES

3,191,703

G overnm ent deposits— to ta l...........................
United States Government— demand.............
United States Government—tim e...................
States and subdivisions—demand...................
States and subdivisions—tim e.........................

ASSETS A D
N

Certified and officers’ checks, cash letters
of credit and travelers’ checks o u t­
standing, and am oun ts due to Federal
Reserve b a n k s.............................................

partnerships, and corporations.

Back figures: See the preceding table and the Annual Report for 1950, pp. 232-233, and earlier reports.




C3

T able 106.

A sse ts

and

L ia b ilitie s

of

A ll

O p e r a tin g

Banks

in

th e

U n ite d

S ta te s

and

P o s s e s s io n s ,

D ecem ber

31, 1951

BANKS GROUPED BY DISTRICT AND STATE

(Amounts in thousands of dollars)
Liabilities and capital accounts

Assets

Deposits
District and State

States and pos-

Possessions......................

U. S. Gov­
ernment
obligations

Loans, dis­
Other
securities counts, and
overdrafts

Miscel­
laneous
assets

Total
Business
and
personal2

Govern­
ment3

Inter­
bank 4

Miscel­
laneous
liabilities

Total
capital
accounts

14,661 45,716,618

71,595,087 15,991,176 68,000,966

2,558,776 203,862,623 157,669,211 13,802,004 15,132,450

2,552,690 14,706,268

14,618 45,530,855

71,342,915 15,917,958 67,608,117

2,503,535 202,903,380 157,056,829 13,586,185 15,112,628

2,524,593 14,623,145

43

854 2,359,994
1,141 12,048,084
1,626 4,871,030
1,058 2,590,932
1,039 1,949,148
1,510 2,989,738
1,477 3,020,046
1,558 4,253,194
1 ,1 1 0
1,215,687
1,617 2,104,048
1,144 3,824,523
527 4,490,194

6,215,729
19,337,438
8,409,696
3,915,632
2,421,138
3,34-9,429
5,822,065
6,765,077
1,976,016
2,548,848
3,519,817
7,314,202

392,849

55,241

959,243

612,382

215,819

19,822

28,097

83,123

1,403,884 5,457,484
4,668,257 22,509,849
2,461,895 7,032,796
752,348 3,022,294
528,471 1,963,216
614,102 3,422,431
985,840 3,773,959
1,345,106 4,845,141
413,249 1,661,620
491,178 2,080,879
660,362 3,559,948
1,666,484 8,671,349

197,604
953,840
265,566
132,848
85,792
88,132
117,612
115,326
40,030
49,864
175,321
336,841

15,634,695
59,517,468
23,040,983
10,414,054
6,947,765
10,463,832
13,719,522
17,323,844
5,306,602
7,274,817
11,739,971
22,479,070

12,892,301
45,323,160
18,591,961
7,907,815
5,099,953
7,443,981
11,268,432
13,326,898
4,051,454
5,373,995
8,304,933
18,084,328

648,568
2,523,101
1,362,098
920,599
791,672
813,999
1,054,906
1,244,206
480,296
806,103
1,206,435
1,950,021

474,700
5,300,055
1,097,620
782,638
567,216
1,479,427
521,752
1,576,814
412,355
608,932
1,476,582
834,359

150,461
1,397,401
153,805
86,466
49,248
59,959
79,747
112,346
34,138
34,672
92,140
302,307

1,468,665
4,973,751
1,835,499
716,536
439,676
666,466
794,685
1,063,580
328,359
451,115
659,881
1,308,055

10,960
6,831

73,218

FDIC District
District
District
District
District
District
District
District
District
District
District
District
District

1 ...........................
25 .........................
3 ...........................
4 ...........................
5 ...........................
6 ...........................
7 ...........................
8 ...........................
9 ...........................
10.........................
11..........................
12 6 .......................

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

157

422,800
126,301
297,633
3,120,113
380,541

487,816
170,178
340,558
5,274,046
527,288

135,491
40,901
82,180
1,230,562
51,652

424,890
224,074
220.691
6,523,012
436,852

16,770
11,392
5.833
231,973
9,053

1,487,767
572,846
946,895
16,379,706
1,405,386

1,116,923
456,234
721,406
13,219,609
1,112,258

166,623
70,060
90,169
1,330,638
99,557

94,406
6,648
68,468
623,053
101,695

262,641
7,811

98,855
33,073
64,641
943,765
84,065

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

184
38
19
208
403

570,283
140,572
352,513
624,137
639,813

1,513,082
231,823
550,466
990,932
643,405

410,111
103,056
50,766
157,667
101,094

1,059,731
216,699
372,607
561,045
741,192

47,706
6,932
21,173
33,148
27,232

3,600,913
699,082
1,347,525
2,366,929
2,152,736

3,083,575
561,450
1,133,696
1,784,730
1,519,738

130,733
56,870
34,415
262,038
229,144

50,666
5,552
90,305
164,203
241,609

21,422
4,721
9,313
12,816
21,763

314,517
70,489
79,796
143,142
140,482

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

42
895
485
663
607

106,746
3,673,045
914,943
580,149
562,836

202,860
5,911,041
1,675,152
854,036
664,092

15,710
1,122,180
220,019
222,926
163,392

174,748
3,944,129
941,690
901,012
565,229

4,171
99,212
29,525
16,114
10,455

504,235
14,749,607
3,781,329
2,574,237
1,966,004

402,283
11,313,600
3,010,049
2,013,298
1,388,002

65,746
993,754
389,303
250,452
338,062

7,648
1,446,444
142,675
130,370
114,537

2,634
107,807
17,031
4,539
5,076

222,271
175,578
120,327




226
13
230
201

2 ,2 1 1

25,924
8 8 8 ,0 0 2

CORPORATION

252,172

INSURANCE

185,763

DEPOSIT

United S ta tes.................

Cash and
due from
banks

FEDERAL

United

Number
of banks1

571,789
693,739
122,625
481,618
1,349,170

690,522
752,140
337,988
1,085,331
3.514.921

77,363
173,017
88,861
186,902
720,706

586,278
505,282
260,244
618,830
3,262,319

12,966
26,321
7,886
38.569
114,480

1,938,918
2.150.499
817,604
2,411,250
8,961,596

1,432,384
1,431,855
683,075
1,928,263
7,218,209

161,576
326,790
37,761
162,055
385.347

203,797
264,130
8,676
122,207
390,969

9,791
18,156
3,532
13.916
107,507

131,370
109,568
84,560
184,809
859,564

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

435
681

1,330,674
811,663
262,398
1,467,829
163,816

2,683,401
1,144,139
298,985
1,628,210
279,823

505,814
298,253
134,219
299,211
35,580

1,845,679
1,170,364
236,089
1,770,866
163,134

59,631
28,123
8,642
42,383
4,810

6,425,199
3,452,542
940,333
5.208.499
647.163

5,304,239
2,593,066
678,562
3,643,017
526,981

490,307
250,062
133,867
355,158
56,441

222,260
354,230
66,998
857,004
31,903

52,492
26,086
3,709
32.917
3,175

355,901
229,098
57,197
320,403
28,663

104,077
11,397
67,517
707,020
13,268

459,878
62,629
248,789
1,853,198
116,738

9,370
2,997
5,379
80,200
4,025

1,551,687
215,680
660,741
6,220,715
427.164

1,167,923
174,331
548,584
5,267,932
310,755

107,336
26,406
24,408
416,026
79,206

171,521
1,285
10,015
73,040
13,374

10,776
1,911
2,049
36,027
928

94,131
11,747
75,685
427,690
22,901

3,814,290 20,270,642
251,331
707,783
152,651
48,437
720,512 2,770,628
157,836
536,077

851,925
25.569
2,793
91,830
18,625

52,227,722
2,291,512
640,336
9,234,434
2,027,224

39,306,017
1.599.981
469,231
7,518,849
1,453,208

1,949,460
233,436
117.381
717,717
222.348

5,207,442
280,025
14,439
372,564
206,718

1,331,902
33,155
2,378
57,668
9,846

4,432,901
144,915
36,907
567,636
135,104

202

599

110

416

414,310
37,990
85,802
1,063,970
139,555

564,052
100,667
253,254
2,516,327
153,578

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

749 10,782,666
225
610,421
150
116,607
659 2,040,611
385
650,886

16,508,199
696,408
319,848
3,610,853
663,800

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

71
967

8

109
341
51

128,475
1,741,383
89,040
67,561
30,979

587,223
4,262,168
423,633
210.272
175,471

22,909
173,736
17,776
6,347
4,304

1,623,189
13,806,549
1,189,280
849,830
566.561

1,313,936
11,073,112
1,012,540
642,655
462,176

157,499
644.381
55,016
122,513
56,412

42,593
725,056
12,608
31,607
11,783

13,508
96,137
14,147
4,689
2,499

95,653
1,267,863
94,969
48,366
33,691

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

298
914
54
76
315

652,487
2,864,928
171,679
59,530
603,893

690,139
2.443.921
247,229
110,237
819,580

155,348
433,176
33,100
27,649
131,192

844,596
2,713,854
240,926
202,768
811,999

26,950
133,583
5,829
4,377
29,311

2,369,520
8,589,462
698,763
404.561
2,395,975

1,647,174
6,106,089
521,566
346,318
1,781,510

207,096
730,379
77,128
15,303
220,032

350,158
1,192,430
54,889
1,766
208,259

15,040
66,225
4,675
1,804
17,966

150,052
494,339
40,505
39,370
168,208

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

181
557
52

121

583,932
285,684
774,429
95,475

778,582
455,000
1,463,512
129,616

217,913
64,596
260,007
14,221

859.272
300,803
986,590
82,843

28,504
11,879
28,456
2,361

2,468,203
1,117,962
3,512,994
324,516

2.027.982
821,710
2,954,144
252,604

177,530
148,148
175,296
38,800

99,090
50,235
156,817
14,461

13,592
7,427
10,224
1,163

150,009
90,442
216,513
17,488

37,473
203
82,135
862
4,214
59,970
906

50,790
1,068
115,440

4,746
24,581

28,751
52
191,309
2,361
1,066
167,728
1,582

1,412
9
7,501
16,023
15,513
14,729
54

123,172
1,332
420,966
19,246
24,578
364,724
5,225

83,595
893
319,389
10,165
10,579
184,081
3,680

31,379
264
60,722
8,844
13,865
99,682
1,063

163
3
2,940
237
3
24,706
45

6,608
144
33,700

Possession
Alaska........................
American Samoa. . . .
Hawaii.......................
Mariana Islands7. . . .
Panama Canal Zone7.
Puerto Rico7.
Virgin Islands.

22

3,785
78,406
2,683

43,891

42,253
418

1 Includes 25 noninsured banks of deposit (17 in Georgia, 2 in Iowa, 5 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.
3 Deposits of the United States Government and of States and subdivisions.
4 Interbank deposits and postal savings deposits.
5 Includes Puerto Rico and the Virgin Islands.
6 Includes Alaska, American Samoa, Hawaii, Mariana Islands, and the Panama Canal Zone.
7 Includes asset, liability, and capital account data for the following noninsured branches of insured banks in the U. S.: 2 in the Mariana Islands (Guam and Saipan); 4 in
the Panama Canal Zone; and 9 in Puerto Rico. Data for these branches are not included in the figures for the States in which the parent banks are located.
Back figures: See the Annual Report for 1950, pp. 234-235, and earlier reports.




B AN KS

539,735
4,798,843
486,247
308,847
232,206

O OPERATING
F

149
169

344,847
2,830,419
172,584
256,803
123,601

LIABILITIES

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

AND

383
166
95
169
368

ASSETS

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

T a b le 107.

ASSETS AND LIABILITIES OF OPERATING INSURED BANKS, DECEMBER 31, 1951, JUNE 30, 1951, AND DECEMBER 30, 1950
(Amounts in thousands of dollars)
All insured banks
Assets

June 30,
1951

Dec. 30,
1950

Dec. 31,
1951

June 30,
1951

Dec. 30,
1950

Total assets............................................................................ 194,578,227 179,945,629 182,698,421 177,449,151 163,351,016 166,791,755
37,693,753
1,934,978
18,945,745

40,481,286
2,245,253
17,459,016

44,241,808
2,685,709
19,910,524

37,005,819
1,862,593
18,944,597

11,954,486
224,865
48,929
10,020,268

9,005,052
267,620
119,896
7,420,462

10,794,765
201,977
142,293
9,637,982

11,557,184
41,034
48,929
9,998,428

8,644,564
34,131
119,896
7,400,038

39,864,505
2,164,712
17,458,039

June 30,
1951

Dec. 30,
1950

17,129,076

16,594,613

15,906,666

695,271
91,045
1,253

687,934
72,385
1,148

616,781
80,541
977

360.488
352,398
10,442,367
397,302
233.489
163,396
38,581
183,831
142,293
9,618,513 ........21,840 ........20,424 ........19,469

64,650,522

68,534,185

60,598,835

57,481,868

61,046,880

6,921,439

7,168,654

7,487,305

3,921,620
3,135,065
14,861,113
3,633,548
20,992,424
7,237,202
8,084,157
2,773,530
11,863

4,151,784
1,939,816
16,864,878
2,645,898
22,925,694
7,798,588
7,486,490
4,708,884
12,153

7,222,718
7,535,527
11,273,671
2,486,509
19,644,837
7,024,142
3,055,244
2,334,965
2 1 ,2 2 2

3,819,658
3,115,886
14,782,929
2,470,732
20,719,606
7,169,243
3,050,375
2,342,675
10,764

4,121,692
1,936,936
16,774,383
2,330,550
22,594,053
7,737,024
2,986,472
2,554,454
11,316

59,434
16,872
52,020
1,230,369
214,740
72,450
4,917,800
352,407
5,347

101,962
19,179
78,184
1,162,816
272,818
67,959
5,033,782
430,855
1,099

30,092
2,880
90,495
315,348
331,641
61,564
4,500,018
2,154,430
837

Other securities—total...................................................
Obligations of States and subdivisions.........................
Other bonds, notes, and debentures3 ............................
Corporate stocks:
Federal Reserve banks...............................................
Other corporate stocks...............................................

14,820,037
9,153,703
5,317,587

14,107,458
8,419,864
5,348,478

13,678,717
8,039,590
5,303,150

13,073,973
9,016,262
3,720,191

12,437,239
8,344,250
3,763,261

12,151,070
7,958,929
3,868,699

1,746,064
137,441
1,597,396

1,670,219
75,614
1,585,217

1,527,647
80,661
1,434,451

236,665
112,082

231,298
107,818

224,773
111,204

236,612
100,908

231,247
98,481

224,723
98,719

53
11,174

51
9,337

50
12,485

Total securities.....................................................

82,340,311

78,757,980

82,212,902

73,672,808

69,919,107

73,197,950

8,667,503

8,838,873

9,014,952




CORPORATION

Obligations of the U. S. Government, direct and
guaranteed— total................................................ 67,520,274
Direct:
7,282,152
Treasury bills...............................................................
7,552,399
Treasury certificates of indebtedness........................
Treasury notes............................................................. 11,325,691
3,716,878
United States non-marketable bonds2 ......................
Other bonds maturing in 5 years or less.................. 19,859,577
7,096,592
Other bonds maturing in 5 to 10 years....................
7,973,044
Other bonds maturing in 10 to 20 years..................
2,687,372
Bonds maturing after 20 years..................................
26,569
Guarantee^ obligations (FHA debentures)..................

INSURANCE

44,937,079
2,776,754
19,911,777

Dec. 31,
1951

DEPOSIT

Cash, balances with other banks, and cash col­
lection items— total.................................................
Currency and coin...........................................................
Reserve with Federal Reserve banks (member banks)
Demand balances with banks in the United States
(except private banks and American branches of
foreign banks)..............................................................
Other balances with banks in the United States........
Balances with banks in foreign countries.....................
Cash items in process of collection...............................

Insured mutual savings banks

FEDERAL

Dec. 31,
1951

Insured commercial banks1

57,895,004
901,944
58,796,948

57,370,794
813,589
58,184,383

54,407,525
713,805
55,121,330

51,808,684
672,986
52,481,670

7,522,887
164,964
7,687,851

6,829,343
223,343
7,052,686

6,086,320
228,958
6,315,278

21,833,514

25,787,675

23,547,386

21,808,262

22,712

20,776

25,252

366,984

278,923

51,191

366,984

2,467,578
1,788,634

3,052,222
1,570,593

3,001,488
1,616,174

2,466,476
1,788,634

1,274

1,260

1 ,1 0 2

1,036,636
19,652,405
979,315

961,293
14,487,412
982,711

1,000,774
14,021,117
1,007,260

1,036,186
13,415,820
91+6,188

1,116
7,605,340
35,936

1 ,2 2 2

6,972,689
35,250

450
6,236,585
33,127

15,527,738

10,250,306
2,219,326
10,061,154
90,033
1,448,121

Total loans and securities................................. 147,233,992 139,994,848 140,107,906 131,043,602 124,326,632 125,006,634

1,364,305
1,028,893
215,685
25,418

1,313,131
996,946
196,878
23,123

1,315,650
964,355
228,292
24,814

1,271,112
942,128
212,962
21,713

1,219,007
914,362
194,561
20,155

98,189

94,309

96,184

98,189

94,309

89,929

Miscellaneous assets— total.........................................
Customers’ liability on acceptances outstanding........
Income accrued but not collected.................................
Prepaid expenses.............................................................
Other assets.....................................................................

996,249
330,275
344,443
41,780
279,751

892,723
239,204
325,551
48,889
279,079

796,098
217,165
330,515
35,720
212,698

848,091
330,275
283,164
39,438
195,214

747,453
239,204
264,899
45,939
197,411

24.9%
34.2
7.4
32.3

22.7%
35.2
7.6
33.3

926,026
47,219

5,401

7,379

4,670

16,190,390

15,668,216

15,101,272

95,257
89,709
2,979
2,569

93,193
86,765
2,723
3,705

94,124
82,584
2,317
2,968

(5
)

(5
)

6,255

701,609
148,158
145,270
94,489
217,165
277,022 ........61,279 ........60,652 ........53,493
30,987
2,342
4,733
2,950
176,435
84,537
36,263
81,668

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




23.1%
34.7
7.6
33.4
1 .2

7.0

2 1 .0

35.9
7.8
34.0
1.3
7.3

%

2 2 .2

37.5
7.5
31.7

%

1 .1

1 .2

1 .2

7.0

6.7

7.1

23.9%
36.6
7.3
31.1
1 .1
6 .8

4.1%
40.4

4.1%
43.2

1 0 .2

1 0 .1

43.9
1.4
9.8

41.2
1.4
9.5

3.9%
47.1
9.6
38.2
1 .2

9.5

BANKS

1,410,907
1,054,064
231,271
27,383

5,277,1+32

O OPERATING
F

Bank premises, furniture and fixtures, and other
real estate— total.....................................................
Bank premises.................................................................
Furniture and fixtures....................................................
Real estate owned other than bank premises.............
Investments and other assets indirectly representing
bank premises or other real estate...........................

2,291+,766 ]
1,11+7,61+8 \ 5,91+3,592
3,095,185 J
1,031,805
993,81+7
52,008
49,360

LIABILITIES

3,11+5,352
10,108,373
90,033
1,452,791

3,351+,1+37 I
2,882,086 \10,707,81+9
1+,8U,730 1
2,306,008
2,1+23,1+1+8
10,399,389 10,295,847
155,224
148,838
1,432,129
1,498,038

ASSETS A D
N

Loans and discounts, net— total................................ 64,893,681 61,236,868
Valuation reserves4 .............................................................
978,553
937,148
Loans and discounts, gross— total............................. 65,872,234 62,174,016
Commercial and industrial loans (including open
market paper)............................................................. 25,810,387 23,568,162
Loans to farmers directly guaranteed by the Com­
modity Credit Corporation.......................................
278,923
51,191
Other loans to farmers (excluding loans on real
3,053,496
estate) ..........................................................................
3,002,748
1,570,593
1,616,174
Other loans for the purpose of purchasing or carrying
962,409
1,001,996
securities......................................................................
Real estate loans—'total................................................. 22,092,752 20,993,806
Farm land....................................................................
1,018,61+7
1,01+2,510
Residential properties:
Insured by F H A ......................................................
5,61+9,203 1
Insured or guaranteed by V A .................................
1 ,029,731+ )16,651,1+1+1
+
Not insured or guaranteed by FHA or V A ............
7,939,915 1
Other properties............................................................
3,1+55,253
3,299,855
Other loans to individuals............................................. 10,451,397 10,345,207
148,838
155,224
All other loans (including overdrafts)..........................
1,503,439
1,439,508

Table 107. 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 31, 1951, J u n e 30, 1951, a n d D e c e m b e r 30, 1950— Continued
(Amounts in thousands of dollars)
All insured banks

Insured commercial banks1

Insured mutual savings banks

Liabilities and capital
Dec. 31,
1951

June 30,
1951

Dec. 30,
1950

Dec. 31,
1951

June 30,
1951

Dec. 30,
1950

June 30,
1951

Dec. 30,
1950

Total liabilities and capital accounts............................ 194,578,227 179,945,629 182,698,421 177,449,151 163,351,016 166,791,755

17,129,076

16,594,613

15,906,666

Deposits of individuals, partnerships, and cor­
porations— total....................................................... 147,106,695 134,590,696 138,881,057 131,757,866 119,681,093 124,575,069
Demand............................................................................ 95,713,341 84,777,324 90,004,198 95,701,243 84,766,177 89,992,776
Time................................................................................. 51,393,354 49,813,372 48,876,859 36,056,623 34,914,916 34,582,293

15,348,829
12,098
15,336,731

14,909,603
11.147
14,898^456

14,305,988
11,422
14,294,566

2,908,960

3,156,810

2,256,734

2,904,687

7,354

3,950

4,273

G overnm ent deposits—t o t a l .........................................
United States Government— demand...........................
United States Government— time.................................
States and subdivisions—demand.................................
States and subdivisions—time.......................................

13,457,573
3,354,532
262,478
8,315,612
1,524,951

16,149,930
6,112,588
212,900
8,313,214
1,511,228

12,271,185
2,795,933
185,507
7,917,149
1,372,596

13,447,272
3,352,195
262,417
8,314,292
1,518,368

16,140,401
6,110,988
212,876
8,312,091
1,504,446

12,261,835
2,794,060
185,282
7,915,894
1,366,599

10,301
2,337
61
1,320
6,583

9,529
1,600
24
1,123
6,782

9,350
1,873
225
1,255
5,997

Interbank and postal savings deposits—to ta l.........
Banks in the United States— demand..........................
Banks in the United States—tim e................................
Banks in foreign countries— demand............................
Banks in foreign countries— time..................................
Postal savings..................................................................

14,811,554
12,974,702
28,766
1,380,772
399,877
27,437

11,606,906
9,883,103
27,879
1,335,064
339,180
21,680

13,756,494
11,956,820
29,164
1,442,351
318,161
9,998

14,810,001
12,974,677
27,238
1,380,772
399,877
27,437

11,605,677
9,883,078
26,675
1,335,064
339,180
21,680

13,756,020
11,956,791
28,719
1,442,351
318,161
9,998

1,553
25
1,528

1,229
25
1,204

474
29
445

T ota l deposits........................................................... 178,539,986 164,608,216 167,817,696 163,171,949 149,683,905 153,497,611
Demand..................................................................... 121+,903,123 112,681,977 117,025,1+11 121+,879,989 112,661+,132 117,006,559
Time.......................................................................... 53,636,863 51,926,239 50,792,285 38,291,960 37,019,773 36,1+91,052

15,368,037
23,131+
15,3 1 1 ,903
++

14,924,311
17,81+5
11+,906,1+66

14,320,085
18,852
11+,301,233
73,568

2,437,677

2,113,820

2,086,850

2,354,385

2,025,817

2,013,282

83,292

88,003

38,436
357,487
75,339
326,836
625,081
1,014,498

68,881
269,383
69,354
304,307
528,995
872,900

87,072
248,705
72,107
314,630
504,433
859,903

37,986
357,487
67,559
324,788
617,748
948,817

68,781
269,383
57,190
302,210
517,982
810,271

87,072
248,705
65,313
312,810
493,784
805,598

450

100

7,780
2,048
7,333
65,681

12,164
2,097
11,013
62,629

6,794
1,820
10,649
54,305

T otal liabilities (excluding capital accounts) 180,977,663 166,722,036 169,904,546 165,526,334 151,709,722 155,510,893

15,451,329

15,012,314

14,393,653

M iscellaneous 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................................................................




CORPORATION

2,260,684

INSURANCE

3,164,164

DEPOSIT

Certified and officers’ checks, cash letters of credit
and travelers’ checks outstanding, and
am ounts due to Federal Reserve b a n k s............

FEDERAL

Dec. 31,
1951

Capital accounts— total.................................................
Capital stock, notes, and debentures...........................
Surplus.............................................................................
Undivided profits............................................................
Reserves...........................................................................

13,600,564
3,699,029
6,720,891
2,642,418
538,226

13,223,593
3,628,832
6,486,113
2,594,657
513,991

12,793,875
3,523,526
6,323,990
2,415,317
531,042

11,922,817
3,699,029
5,503,601
2,258,863
461,324

11,641,294
3,628,832
5,321,824
2,238,012
452,626

11,280,862
3,518,083
5,200,481
2,093,304
468,994

Pledged assets and securities loaned.........................

17,786,942

19,257,215

15,464,146

17,786,942

19,257,215

15,464,146

Capital stock, notes, and debentures:
Par or face value— total.............................................
Common stock.........................................................
Capital notes and debentures....................................
Preferred stock............................................................

3,705,417
3,630,781
23,783
50,853

3,635,678
3,552,747
26,680
56,251

3,525,906
3,436,556
27,391
61,959

3,699,717
3,630,781
18,083
50,853

3,629,528
3,552,747
20,530
56,251

3,518,806
3,436,556
20,291
61,959

Retireable value of preferred stock..............................

102,966

109,746

118,037

102,966

109,746

118,037

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

13,657

13,652

13,640

13,455

13,451

13,446

1,677,747
(6
)
1,217,290
383,555
76,902

1,582,299
(6
)
1,164,289
356,645
61,365

1,513,013
5,443
1,123,509
322,013
62,048

5,700

6,150

7,100

5,700

6,150

7,100

202

201

194

M EMORANDA

O OPERATING
F
BANKS




LIABILITIES

Eack figures: See the Annual Report for 1950, pp. 236-239, and earlier reports.

ASSETS A D
N

1 Includes stock savings banks.
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.
5 Not applicable to mutual savings banks. Amount as of December 30, 1950 should have been reported as “ Miscellaneous assets.”
6 Not reported separately. Included with “ Reserves.”

Ox

to

of

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

FEDERAL

E x a m in e r s ’ E v a l u a t io n

Table 108.

Examiners’ appraisal of assets, liabilities, and capital of insured commercial banks
examined in 1942-1951

DEPOSIT

Table 109

Examiners’ appraisal of assets, liabilities, and capital of insured commercial banks
examined in 1951
Banks grouped according to amount of deposits

INSURANCE

Table 110. Examiners’ appraisal of assets, liabilities, and capital of insured commercial banks
examined in 1951
Banks grouped by Federal Deposit Insurance Corporation district and State

CORPORATION




Exam iners’ dedu ctions (net) from total assets in Table 110 is




Book value o f 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.
A d ju sted 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

Exam iners’ dedu ction s from total assets represent the difference
between the appraised value and book value of assets shown on the
books.

A d ju sted liabilities include all liabilities shown on the books and
such others as have been determined by the examiners.

COMMERCIAL

Assets n o t on th e 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.

Evaluation o f liabilities and capital

O INSURED
F

B ook value of assets is the net value, after deduction of valuation
and premium reserves, at which the assets are carried on the books
of the banks at the time of examination.

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 following Annual Reports of the Corporation; 1938,
pages 61-78; and 1949, pages 10-11. 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.

EVALUATION

Evaluation o f assets

the difference between examiners’ deductions and the determinable
sound values of assets not shown on the books.

EXAMINERS

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 1951 include 13,390 insured commercial banks operating
at the close of the year and 23 banks which ceased operations or were
taken over by others during the year. Figures for 26 insured banks
operating at the close of the year were not included in the tabulations:
6 because they were engaged primarily in trust business, and 20 because
reports of examination were, for various reasons, not available for
tabulation. For 383 banks the figures are derived from reports of
examination made in the last six months of 1950.

Ox

00

C
n
T a b le 108.

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 i a l B a n k s E x a m in e d in 1942-1951
(Amounts in thousands of dollars)

Asset, liability, or
capital account item

1942

1943

1946

1947

1948

1949

1950

1951

147,828,793
16,017
25,095
147,819,715
lk 7,293,671
526,Okk

144,531,287
15,156
35,596
144,510,847
lkS,81k,520
696,327

147,679,494
16,056
40,775
147,654,775
1k6,866,522
788,253

149,150,139
13,252
34,009
149,129,382
lk8,367,106
762,276

154,799,121
10,464
26,699
154,782,886
15k,093,855
689,031

164,475,745
10,232
20,138
164,465,839
163,8k6,2k3
619,596

118,843,675
20,897
54,193
118,810,379
117,98k,985
825,39k

138,032,336
20,283
29,354
138,023,265
137,k0kf382
618,883

Cash and due from banks.........

24,618,882

25,342,868

26,036,187

29,215,660

0

)

31,790,001

33,487,233

33,021,350

32,894,750

36,931,187

U. S. Government obligations—
book value............................... 26,799,729
Appraised value2 .......................... 26,807,855

50,067,210
50,073,639

65,089,147
65,096,303

78,783,904
78,794,810

0
0

)
)

69,134,182
(3
)

63,438,109
(2
)

63,466,989
(3
)

63,481,873
(3
)

58,279,480
(3
)

6,682,798
6,651,951
6,03k,558
617,393

6,055,350
6,040,897
5,578,71*3
k62,15k

5,805,695
5,800,937
5,1*99,037
301,900

6,215,580
6,213,954
5,95k,653
259,301

0
0
0
0

)
)
)
)

7,890,527
7,888,268
7,657,623
230,6k5

8,435,320
8,432,640
8,221,268
211,372

9,047,781
9,045,770
8,8k5,376
200,39k

10,642,848
10,641,719
10,k39,625
202,09k

12,265,293
12,264,553
12,078,017
186,536

Loans
and
discounts— book
value......................................... 20,136,352
Appraised value........................... 20,071,927
Not criticized............................. 19,303,969
767,958
Substandard...............................

18,290,697
18,251,118
17,710,001
5U1,117

19,562,561
19,539,481
19,180,1U
359,337

21,436,642
21,424,482
21,161,567
262,915

0
0
0
0

)
)
)
)

33,100,496
33,075,357
32,653,390
k21,967

39,416,074
39,385,909
38,852,883
533,026

40,778,572
40,752,947
k0,238,0k5
51k,902

44,934,475
44,913,063
kk,k67,867
kk5,196

53,724,704
53,709,725
53,315,656
39k,069

0)
m
0)
0)

2,616,081
2,623,039
2,579,32k
k3,715

2,902,758
2,910,884
2,867,029
k3,855

2,835,447
2.842.326
2,795,3k6
k6,980

2,845,175
2,851,481
2,809,7kO
kl,7kl

3,275,081
3,280,894
3,2kl,903
38,991

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

143,936,354
141,411,203
2,525,151
3,557
143,939,911

152,887,150
149,802,457
3,084,693
3,177
152,890,327

Other securities— book value. . .
Appraised value...........................
Not criticized.............................
Substandard...............................

Fixed and miscellaneous as­
sets— book value...................
Appraised value...........................
Not criticized.............................
Substandard...............................

2,212,195
2,173,689
l,8kk,81k
328,875

2,265,613
2,242,418
1,985,592
256,826

2,350,085
2,337,471
2,173,31k
16k,157

2,380,550
2,374,359
2,277,692
96,667

Total liabilities— book value---Total deposits...............................
Other liabilities— book value. . . .
Liabilities not on the books........
Adjusted total liabilities.............

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

CORPORATION

80,449,956 102,021,738
20,089
26,346
145,741
97,144
80,324,304 101,950,940
78,610,078 100,690,8^3
1,260,097
1,71 k, 226

INSURANCE

Total assets— book value............
Assets not on the books..............
Examiners’ deductions. . . ..........
Appraised value...........................
Not criticized.............................
Substandard...............................

DEPOSIT

1945

FEDERAL

1944

Total capital accounts— book
value.........................................
Assets not on the books..............
Examiners’ deductions from total
assets.........................................
Liabilities not on the books........
Adjusted capital accounts..........

8,182,445
20,283

8,747,264
16,017

9,410,583
15,156

9,883,696
16,056

10,437,648
13,252

10,862,767
10,464

11,588,595
10,232

145,741
7,362
6,787,116

97,144
4,491
7,063,933

54,193
7,563
7,560,313

29,354
3,731
8,169,643

25,095
4,719
8,733,467

35,596
2,635
9,387,508

40,775
4,083
9,854,894

34,009
4,614
10,412,277

26,699
3,557
10,842,975

20,138
3,177
11,575,512

Adjusted capital accounts per
$100 of—
Book capital.................................
Appraised value of total assets. .

$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

$99.82
7.01

$99.89
7.04

Substandard assets per $100 of—
Appraised value of total assets. .
Adjusted capital accounts..........

2.13
25.26

1.24
17.84

.69
10.92

.45
7.58

.36

.48
7.42

.53

6 .0 2

8 .0 0

.51
7.32

.45
6.35

.38
5.35

Substandard loans and dis­
counts per $100 of—
Appraised value of loans and
discounts...................................

3.83

2.96

1.84

1.23

1.28

1.35

1.26

.99

.73

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

13,303

13,207

12,983

12,473

12,747

12,927

13,266

13,374

13,413

C)
1

12,493

1 Not available separately.
2 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.
3 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.

COMMERCIAL
BANKS




O INSURED
F

7,601,172
20,897

EVALUATION

7,139,222
26,346

EXAMINERS

6,920,130
20,089

Cri

Ox

T a b le 109.

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 1951
B A N K S GROUPED ACCORDING TO AM O U N T OF DEPO SITS

Or
O

Banks with deposits of—
All
banks

T ota l assets— book v alu e..................................
Assets not on the books....................................
Examiners’ deductions......................................
Appraised value.................................................
Not criticized...................................................
Substandard.....................................................

164,475,745
10,232
20,138
164,465,839
163,81+6,21+3
619,596

236,405
57
253
236,209
231,1+91
k, 718

1,592,315
404
1,253
1,591,466
1,568,511
22,955

Cash and due from ba n k s...............................

36,931,187

65,646

371,353

1,173,565

3,117,107

2,774,244

U. S. G overnm ent obligations— book value

58,279,480

73,082

577,799

2,024,439

5,620,087

5,402,607

Other securities— book v a lu e ..........................
Appraised value.................................................
Not criticized............................................ .
Substandard....................................................

12,265,293
12,264,553
12,078,017
186,536

9,183
9,176
8,618
558

81,403
81,369
80,009
1,360

309,326
309,268
301+,725
l+,51+3

1,124,986
1,124,793
1,108,386
16,1+07

1,206,347
1,206,272
1,187,288
18,981+

Loans and discou nts— book v a lu e ................
Appraised value.................................................
Not criticized...................................................
Substandard....................................................

53,724,704
53,709,725
53,315,656
39J+,069

86,223
85,997
81,951+
l+ +
,0J 3

548,636
547,513
526,231+
21,279

1,687,495
1,684,796
1,631+,122
50,671+

4,474,146
4,469,801
l+,371+,663
95,138

Fixed and m iscellaneous assets— book value
Appraised value.................................................
Not criticized...................................................
Substandard.....................................................

3,275,081
3,280,894
3,21+1,903
38,991

2,271
2,308
2,191
117

13,124
13,432
13,116
316

46,604
47,980
1+7,010
970

T otal liabilities— book value...........................
Total deposits....................................................
Other liabilities—book value............................
Liabilities not on the books.............................
Adjusted total liabilities...................................

152,887,150
149,802,457
3,084,693
3,177
152,890,327

207,624
206,574
1,050
31
207,655

1,439,610
1,434,723
4,887

T ota l capital accoun ts— book v alu e.............
Assets not on the books....................................
Examiners’ deductions from total assets........
Liabilities not on the books.............................
Adjusted capital accounts................................

11,588,595
10,232
20,138
3,177
11,575,512

28,781
57
253
31
28,554

152,705
404
1,253

$500,000
to
$1 ,0 0 0 ,0 0 0

$5,000,000
to
$1 0 ,0 0 0 , 0 0 0

$1 0 ,0 0 0 , 0 0 0
to
$50,000,000

(A-mounts in thoiisands of dolla rs)
13,630,670
28,823,507
14,480,022
5,241,429
2,718
1,913
1,704
1,614
4,052
4,985
3,196
2,995
28,821,159
13,629,387
14,477,755
5,240,048
28,696,299
11+,363,517
13,51+7,863
5,183,861
81,521+
121+,860
56,187
111+,2S8

$50,000,000 More than
to
$1 0 0 ,0 0 0 , 0 0 0
$ 1 0 0 ,0 0 0 , 0 0 0
11,647,827
928
1,243
11,647,512
11,608,182
39,330

88,823,570
894
2,161
88,822,303
88,61+6,519
175,781+

5,985,403

2,607,540

20,836,329

11,388,494

4,386,696

28,806,276

2,440,788
2,440,491
2,1+05,268
35,223

871,657
871,648
856,1+59
15,189

6,221,603
6,221,536
6,127,261+
91+,272

4,093,948
4,091,186
1 ,032,391
+
58,795

8,618,607
8,615,712
8,535,201+
80,508

3,605,672
3,605,398
3,585,112
20,286

30,609,977
30,609,322
30,51+5,976
63,3)+6

143,696
145,967
11+3,271+
2,693

153,524
155,078
151,333
3,71+5

390,215
391,059
381,930
9,129

176,262
176,230
172,375
3,855

2,349,385
2,348,840
2,330,671+
18,166

4,793,669
4,777,861
15,808
309
4,793,978

13,371,473
13,318,118
53,355
691
13,372,164

12,655,105
12,577,458
77,647
343
12,655,448

26,934,333
26,682,130
252,203
435
26,934,768

10,930,884
10,775,659
155,225
153
10,931,037

82,554,452
80,029,934
2,524,518
1,004
82,555,456

447,760
1,614
2,995
309
446,070

1,108,549
2,718
4,985
691
1,105,591

975,565
1,913
3,196
343
973,939

1,889,174
1,704
4,052
435
1,886,391

716,943
928
1,243
153
716,475

6,269,118
894
2,161
1,004
6,266,847

CORPORATION

211

151,645

$2 ,0 0 0 , 0 0 0
to
$5,000,000

INSURANCE

211

1,439,821

$1 ,0 0 0 , 0 0 0
to
$2 ,0 0 0 , 0 0 0

DEPOSIT




$500,000
or less

FEDERAL

Asset, liability, or capital account item

$99.89
7.04

$99.21
12.09

$99.31
9.53

$99.62
8.51

$99.73
7.64

$99.83
7.15

$99.85
6.55

$99.93
6.15

$99.96
7.06

Substandard assets per $100 of—
Appraised value of total assets..................
Adjusted capital accounts..........................

.38
5.35

2 .0 0

16.52

1.44
15.14

1.07
12.60

.79
10.33

.60
8.37

.43
6.62

.34
5.49

2.80

.73

4.70

3.89

3.01

2.13

1.44

.93

.56

.2 1

13,413

555

1,896

3,269

4,186

1,802

1,357

156

192

Substandard loans and discounts per
$100 of—
Appraised value of loans and discounts.

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

Back figures: See the Annual Report for 1950, pp. 244-245, and earlier reports.

O INSURED
F
COMMERCIAL
BANKS




.2 0

E X A M IN E R S ’ EVALUATION

Adjusted capital accounts per $100 of—
Book capital.................................................
Appraised value of total assets..................

ZJi

T a b le 110.

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 i a l B a n k s E x a m in e d in 1951

gg

B A N K S G R O U P ED B Y FE D E R A L DEPO SIT IN SU R AN CE CO RPO R ATIO N D IS TR IC T AN D STATE

(Amounts in thousands of dollars)
Total assets
Number
of
banks

Total capital
accounts

Appraised value
Book
value

Examiners’
deductions
(net) 1

Total

Not
criticized

Sub­
standard

Book
value

Adjusted
value

Book
value

Adjusted
value

Substandard assets
Adjusted
per $ 1 0 0 of—■
capital
accounts
per $ 1 0 0 of Appraised
Adjusted
appraised
value of
capital
value of
total
accounts
total
assets
assets

13,413 164,475,745

9,906 164,465,839 163,846,243

619,596 152,887,150 152,890,327 11,588,595 11,575,512

$7.04

$.38

United States....

13,398 164,218,676

9,392 164,209,284 163,596,045

613,239 152,649,468 152,652,637 11,569,208 11,556,647

7.04

.37

5.31

$5.35

257,069

514

256,555

250,198

6,357

237,682

237,690

19,387

18,865

7.35

2.48

33.70

FDIC District
District 1 .............
District 22 ...........
District 3 .............
District 4 .............
District 5 .............
District 6 .............
District 7 .............
District 8 .............
District 9 .............
District 1 0 ...........
District 1 1 ...........
District 123 ..........

455
973
1,592
1,024
955
1,449
1,426
1,484
1,086
1,408
1,084
477

8,162,928
41,544,914
20,117,606
8,914,275
6,332,626
9,214,257
12,770,369
16,034,198
4,631,716
6,475,872
10,205,956
20,071,028

741
2,661
1,078
1,361
537
970
U73
1,225
851
1,144
2,255
1,708

8,162,187
41,542,253
20,116,528
8,912,914
6,332,089
9,213,287
12,770,842
16,035,423
4,632,567
6,474,728
10,203,701
20,069,320

8,135,956
41,348,566
20,043,412
8,868,007
6,288,013
9,168,505
12,743,064
16,005,754
4,610,769
6,443,361
10,154,903
20,035,933

26,231
193,687
73,116
44,907
44,076
44,782
27,778
29,669
21,798
31,367
48,798
33,387

7,503,153
38,194,929
18,476,774
8,282,181
5,913,295
8,609,836
12,025,001
15,049,848
4,333,736
6,057,107
9,581,507
18,859,783

7,503,167
38,195,303
18,477,971
8,282,297
5,913,407
8,609,964
12,025,118
15,049,948
4,333,799
6,057,897
9,581,650
18,859,806

659,775
3,349,985
1,640,832
632,094
419,331
604,421
745,368
984,350
297,980
418,765
624,449
1,211,245

659,020
3,346,950
1,638,557
630,617
418,682
603,323
745,724
985,475
298,768
416,831
622,051
1,209,514

8.07
8.06
8.15
7.08
6.61
6.55
5.84
6.15
6.45
6.44

.32
.47
.36
.50
.70
.49

6.03

.19
.47
.48
.48
.17

3.98
5.79
4.46
7.12
10.53
7.42
3.72
3.01
7.30
7.53
7.84
2.76

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

225
223
189
146

1,361,779
521,546
861,309
15,111,395
1,335,171

363
13
153
695
41

1,361,416
521,533
861,156
15,110,700
1,335,130

1,352,206
518,017
856,832
15,091,519
1,329,979

9,210
3,516
4,324
19,181
5,151

1,264,782
495.659
799^139
14,195,399
1,254,180

1,264,801
495.660
799',151
14,195,405
1,254,237

96,997
25.887
62,170
915,996
80,991

96,615
25.873
62,005
915,295
80,893

7.10
4.96
7.20
6.06
6.06

.67
.50
.13
.39

Connecticut.........
Delaware.............
Dist. of Columbia
Florida.................
Georgia................

93
37
19
197
336

1,780,950
550,410
1,303,531
2,204,306
1,902,918

108
72
63
90
62

1,780,842
550,338
1,303,468
2,204,216
1,902,856

1,775,682
540,997
1,301,239
2,190,672
1,890,391

5,160
9,341
2,229
13,544
12,465

1,655,052
496,655
1,223,944
2,073,056
1,769,288

1,655,054
496,656
1,223,968
2,073,071
1,769,349

125,898
53,755
79,587
131,250
133,630

125,788
53,682
79,500
131,145
133,507

7.06
9.75

10




6 .1 0

6 .1 0

5.95
7.02

.2 2

.6 8

.29
1.70
.17
.61
.6 6

9.53
13.59
6.97
2 .1 0

6.37
4.10
17.40
2.80
10.33
9.34

CORPORATION

15

INSURANCE

Possessions..........

DEPOSIT

United States and
possessions........

FEDERAL

FDIC District
and State

Total liabilities

1,692,623
1,902,561
459,405
1,700,855
4,649,837

282
139
170
32
123

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

411
662
197
575

5,980,735
3,056,702
863,623
4,543,291
579,065

82
50J,

Nebraska.............
Nevada................
New Hampshire..
New Jersey..........
New M exico........

367
58
316
50

1,424,276
204,571
251,908
5,205,866
364,206

206
62

New Y ork............
North Carolina...
North Dakota___
Ohio.....................
Oklahoma............

612
224
145
647
374

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

67
945

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

290
861
52

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

125,263
108,956
40,807
114,776
386,662

7.40
5.73
8.89
6.75
8.32

.47
.51
.60
.32
.17

6.34
8.96
6.77
4.73
1.99

326,484
209,551
57,454
275,090
27,468

326,542
210,004
57,415
274,780
27,572

5.46
6.87
6.65
6.05
4.76

.16
.50
1.03
.43
.51

2.92
7.23
15.43
7.13
10.64

1,337,345
193,050
226,614
4,859,751
341,985

87,084
11,521
25,294
346,264
22,223

86,725
11,459
25,208
345,699
22,028

6.09
5.60
1 0 .0 1

.40
.60
.89
.75
.79

6.60
10.62
8.90
11.34
13.04

32,668,076
1,803,526
439,719
7,784,828
1,694,231

32,668,292
1,803,558
439,724
7,784,858
1,694,481

2,934,111
140,167
28,391
524,110
131,360

2,932,178
139,696
28,516
523,716
130,586

8.24
7.19
6.09
6.30
7.16

.39
.64
.30

4.78

.55

4.85
3.33
7.62

2,359
55,672
1,719
4,119
2,306

1,399,682
10,691,946
682,429
674,501
495,269

1,399,686
10,693,113
682,429
674,515
495,274

88,511
1,116,722
51,603
46,946
32,570

87,908
1,114,841
51,577
46,842
32,676

5.91
9.44
7.03
6.49
6.19

.16
.47
.23
.57
.44

4.99
3.33
8.79
7.06

2,103,821
7,383,086
627,985
279,931
2,188,792

12,931
32,647
2,870
6,637
14,011

1,975,448
6,950,517
591,910
257,589
2,039,681

1,975,477
6,950,539
591,916
257,590
2,039,695

141,586
467,126
39,115
29,207
163,618

141,275
465,194
38,939
28,978
163,108

6.67
6.27
6.17

.61
.44
.45
2.32
.64

9.15
7.02
7.37
22.90
8.59

2,118,501
1,034,469
3,290,696
267,763

5,649
6,740
8,238
1,348

1,995,806
954,496
3,089,319
252,664

1,995,811
954,514
3,089,379
252,693

128,458
86,954
209,319
16,513

128,339
86,695
209,555
16,418

.27
.65
.25
.50

4.40
7.77
3.93

416,850
12,782,208
3,281,431
2,267,640
1,518,840

416,852
12,782,244
3,281,464
2,267,704
1,519,141

24,112
820,751
209,565
163,599
102,817

24,102
820,909
209,627
164,566
102,209

6 .0 0

1,692,341
1,902,422
459,235
1,700,823
4,649,714

1,684,401
1,892,659
456,471
1,695,399
4,642,006

7,940
9,763
2,764
5,424
7,708

1,567,048
1,793,348
418,424
1,586,033
4,263,045

1,567,078
1,793,466
418,428
1,586,047
4,263,052

125,575
109,213
40,981
114,822
386,792

5,980,817
3,057,206
863,601
4,543,038
579,171

5,971,281
3,042,031
854,744
4,523,451
576,238

9,536
15,175
8,857
19,587
2,933

5,654,251
2,847,151
806,169
4,268,201
551,597

5,654,275
2,847,202
806,186
4,268,258
551,599

416
193

1,424,070
204,509
251,822
5,205,450
364,013

1,418,348
203,292
249,579
5,166,250
361,141

5,722
1,217
2,243
39,200
2,872

1,337,192
193,050
226,614
4,859,602
341,983

35,602,187
1,943,693
468,110
8,308,938
1,825,591

1,717
439
130
364
524

35,600,470
1,943,254
468,240
8,308,574
1,825,067

35,460,329
1,930,870
466,856
8,291,130
1,815,114

140,141
12,384
1,384
17,444
9,953

1,488,193
11,808,668
734,032
721,447
527,839

601
714
26
90
111

1,487,592
11,807,954
734,006
721,357
527,950

1,485,233
11,752,282
732,287
717,238
525,644

313

2,117,034
7,417,643
631,025
286,796
2,203,299

282
1,910
170
228
496

2,116,752
7,415,733
630,855
286,568
2,202,803

113
176
542
52

2,124,264
1,041,450
3,298,638
269,177

114
241
296

2,124,150
1,041,209
3,298,934
269,111

110

8

11

134
169

68

22

253
106

86

66

1 Examiners’ deductions (net) is net of assets not on the books. Figures in italics represent excess of appraised value of assets
2 Includes 7 banks in Puerto Rico and 1 national bank in the Virgin Islands, not members of the Federal Reserve System.
3 Includes 5 banks (3 national banks) in Alaska and 2 banks in Hawaii, not members of the Federal Reserve System.

Back figures: See the Annual Report for 1950, pp. 246-247, and earlier reports.




5.47
6.03

6.64
6.05

1 0 .1 1

7.40
6.04
8.33
6.35
6 .1 0

.2 1

8 .8 6

2 .6 8

8 .2 1

BANKS

361
163
52
158
173

3.15
1.42
4.77
10.93
8.99

759
11,683
10,004
17,986
9,193

COMMERCIAL

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

6.77
6.30

.17
.09
.29
.74
.57

440,195
13,591,470
3,481,087
2,414,284
1,612,157

8
440,954
19 U 13,603,153
95
3,491,091
1,031
2,432,270
307
1,621,350

O INSURED
F

440,962
13,602,959
3,490,996
2,431,239
1,621,657

EVALUATION

41
879
473
605
469

EXAMINERS

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

over book value.
Oi

i
—

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

and

D

iv id e n d s o f

Insured B an k s

Table 111. Earnings, expenses, and dividends of insured commercial banks, 1943-1951
Table 112. Ratios of earnings, expenses, and dividends of insured commercial banks, 1943-1951
Table 113. Earnings, expenses, and dividends of insured commercial banks, 1951
By class of bank
Table 114. Ratios of earnings, expenses, and dividends of insured commercial banks, 1951
By class of bank
Table 115. Earnings, expenses, and dividends of insured commercial banks operating through­
out 1951
Banks grouped according to amount of deposits
Table 116. Ratios of earnings, expenses, and dividends of insured commercial banks operating
throughout 1951
Banks grouped according to amount of deposits
Table 117. Earnings, expenses, and dividends of insured commercial banks, by State, 1951
Table 118. Income, expenses, and dividends of insured mutual savings banks, 1951
Table 119. Ratios of income, expenses, and dividends of insured mutual savings banks, 1951




C om m ercial ban k s
Reports of earnings, expenses, and dividends are submitted to the
Federal supervisory agencies on either a cash or an accrual basis.




A uniform report of income, expenses, and dividends for mutual
savings banks was adopted by the Corporation for the calendar year
1951. Summaries of these reports are given in Tables 118 and 119.
Historical data are omitted because of lack of comparability.
The new form attempts to present operations on a basis accurately
reflecting actual income and profit and loss, and provides more detailed
information regarding losses and valuation adjustments. For a dis­
cussion of the history and principles of this uniform report see pp.
50-52 in Part Two of this Report.
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.
State banks members of the Federal Reserve System: Board of
Governors of the Federal Reserve System.
Other insured banks: Federal Deposit Insurance Corporation.

DISBURSEMENTS

Averages of assets and liabilities shown in Tables 111-114 and 117
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

M u tu a l savings banks

INSURANCE

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, since 1947 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 com­
mercial banks was revised in 1948 to show separately for the first time
charge-offs and transfers to valuation reserves as well as recoveries
and transfers from valuation reserves. Also, the actual recoveries and
losses that are credited and charged to valuation reserves were reported
as memoranda items.

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, 1951, and for other banks, are averages of beginning, middle, and
end of the year.

DEPOSIT

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.

nificantly. Some further incomparability is also introduced into the
data by class of bank by shifts between those classes during the year.

T a b le 111.

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 , 1943-1951
(Amounts in thousands of dollars)

Earnings or expense item

1943

1945

2,482,278
2,214,905
(
1,090,253 ) 1,132,977
167,198
680,708
707,738
17,320
18,860
109,789
107,375

1946

1947

1948

1949

1950

1951

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

3,930,696
1,015,456
225,425
1,976,100
31,724
212,272

4,395,411
983,662
249,495
2,390,106
34,595
230,507

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

104,602
180,674
184,445

116,140
192,313
198,593

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

2,444,534
446,043
755,681

2,701,313
486,300
864,519

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

24,745
343,040
4,296
128,101

27,343
385,344
9,667
135,590

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

59,469
683,159

65,845
726,707

Net current operating earnings.....................

703,456

858,225

959,500

1,100,241

1,115,883

1,240,072

1,323,153

1,486,164

1,694,100

353,015

361,726

509,329

408,608

262,042

266,439

213,187

245,461

169,233

91,891
103,143

92,778
129,834

122,364
266,764

59,515
208,700

45,360
100,189

(
1

29,221
24,161
60,025

16,412
26,672
73,196

14,718
38,639
90,469

15,292
12,285
56,563

85,664
72,317

84,224
54,890

67,014
53,187

74,499
65,894

67,687
48,806

(
{

39,748
48,934
64,350

23,142
28,220
45,546

28,506
29,971
43,157

22,595
28,453
34,046

290,645

265,881

264,122

283,175

294,286

Recoveries, transfers from reserve accounts,
and profits— total.......................................
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— total...........................................
On securities:
Losses and charge-offs...................................
Transfers to reserve accounts...................... }
On loans:
Losses and charge-offs...................................
Transfers to reserve accounts...................... }
Ail other.............................................................




1 ,1 1 2

116,383

110,439

132,870

132,254

118,498

75,223
99,039

70,090
85,352

55,901
75,351

71,253
79,668

120,370
55,418

485,753

379,824

366,932

395,687

(
[

78,590
40,941

38,671
33,044

38,721
54,518

83,756
31,680

|
{

32,393
278,666
55,163

29,064
221,167
57,878

23,030
191,248
59,414

21,215
204,202
54,836

CORPORATION

1,256,025
225,142
356,958

INSURANCE

Current operating expenses— total...............
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 m oney. . .
Taxes other than on net income......................
Recurring depreciation on banking house,
furniture and fixtures....................................
Other current operating expenses....................

DEPOSIT

78,485
112,486
128,278

FEDERAL

1,959,481
Current operating earnings— total...............
Interest on U. S. Government obligations. . . |
861,412
Interest and dividends on other securities.. ..
692,305
Interest and discount on loans........................
13,513
Service charges and fees on bank’s loans.......
95,332
Service charges on deposit accounts...............
Other service charges, commissions, fees, and
67,533
collection and exchange charges..................
104,710
Trust department..............................................
124,676
Other current operating earnings....................

1944

Net profits before income taxes.....................

765,826

954,070

1,204,707

1,225,674

1,083,639

1,020,758

1,156,514

Taxes on net income— total............................
Federal................................................................
State....................................................................

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

1,364,690 |

1,467,645

427,776
402,582
25,194

559,475
530,810
28,664

751,249

905,912

902,346

781,397

745,336

831,364

936,915

908,175

233,490

253,193

274,438

298,983

315,215

331,833

354,144

391,249

418,860

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

4,333
386,916

3,876
414,984

Net additions to capital from profits...........

404,471

498,056

631,474

603,363

466,182

413,503

477,220

545,666

489,315

)
)

7,224
10,844

2,600
19,645

3,565
223,507

2,363
28,477

(x
)
C)
1

18,031
46,487

6,104
72,978

6,324
257,733

17,725
64,735

DIVIDENDS

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

(l)
0
0

)
)

(L
)
0)

0
0

)
)

0

)
)

0
0

)
)

0
0

0
0

)
(*)
)
)

0
0

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

158,986,894
36,006,423
63,846,830
11,043,342
46,250,272
1,840,027

169,207,394
40,373,273
59,711,922
12,554,632
54,533,221
2,034,346

Liabilities and capital— total.........................
Total deposits....................................................
Demand deposits.............................................
Time and savings deposits.............................
Borrowings and other liabilities......................
Total capital accounts......................................

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
10 b,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

158,986,894
146,269,294
109,822,638
36,1*1*6,656
1,710,204
11,007,396

169,207,394
155,460,465
118,189,1 71
37,271,291*
2,131,162
11,615,767

Number of active officers, December 31............
Number of other employees, December 31........

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

71,566
312,324

73,806
334,961

Number of banks, December 31.........................

13,274

13,268

13,302

13,359

13,403

13,419

13,436

13,446

13,455

Note: Due to rounding, earnings data of State banks for 1949 through 1951 may not add precisely to the indicated totals.

BANKS

123,168,863
28,042,727
67,231,161
6,088,482
20,310,112
1,496,381

INSURED

103,370,189
26,774,094
50,315,698
6,321,794
18,380,838
1,577,765

O
F

Average assets and liabilities3
Assets— total........................................................
Cash and due from banks................................
United States Government obligations..........
Other securities..................................................
Loans and discounts.........................................
All other assets..................................................

EXPENSES,

637,961

Dividends and interest on capital— total...
Dividends declared on preferred stock and
interest on capital notes and debentures.. .
Cash dividends declared on common stock ...

AD
N

EARNINGS,

Net profits after income taxes........................

1 Not available.
2 Revised.
3 Asset and liability

items are averages of figures reported at beginning, middle, and end of year.
Back figures: See the following Annual Reports: 1950, pp. 250-251, and 1941, pp. 158-159.




00

T ab le 112.

R a t i o s o f 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 i a l B a n k s , 1943-1951

Earnings or expense item

1945

1946

$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

1947

1948

3.45
11.70

3.54
10.87

3.65
10.28

3.42
10.27

3.14
10.06

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

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

2.04
18.29

1.89
17.66

1.62
17.93

Net current operating earnings.....................

35.90

38.75

1.90

1.80

1 .2 2
.6 8

1 .1 0

.70

.6 6

.34

.29

.28
.74
.62

.2 2

Amounts per $100 of total assets1
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.............................
Amounts per $100 of total capital
accounts1
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..................




1951

$100.00
28.10
5.59
48.79
5.38

$100.00
25.83
5.74
51.08
5.40

$100.00
22.38
5.68
55.17
5.24

2.65
9.49

2 .6 6

9.83

9.29

2.64
8.89

63.98
31.19
9.63
3.34

63.57
31.30
9.30
3.12

63.32
31.42
9.10
3.15

62.19
31.20
8.73
3.26

61.46
31.35
8.77
3.09

1.43
17.78

1.36
18.46

1.42
18.43

1.50
18.15

1.51
17.49

1.50
16.75

38.65

38.43

36.02

36.43

36.68

37.81

38.54

1.71
1.05

1 .8 8

1.16
.72

2.09
1.34
.75

2.26
1.44
.82

2.38
1.51
.87

2.47
1.54
.93

2.60
1.60

.35

.27

.18

.18

.14

.16

.1 0

.18
.81
.59

.2 0

.32

.77
.61

.18
.83
.62

.23
.8 6

.59

.23
.87
.54

14.58

(
I

2 .8 6

.73
.53

.49

.25
.76
.55

.6 8

1 .0 0

9.71

1 1 .1 2

11.51

1 2 .2 1

11.71

12.46

12.70

13.50

4.87

4.69

6 .1 1

4.53

2.75

2 .6 8

2.04

2.23

1.46

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

3.64

1 0 .0 1

8 .2 0

3.32
6.69

3.31
4.89

4.88
10.26
2.77
7.49
3.33
4.16

3.33
12.40
3.89
8.51
3.55
4.96

3.41
12.63
4.81
7.82
3.61
4.21

1 1 .1 0

3.12
7.98
3.40
4.58

CORPORATION

49.22
31.52
4.85

1950

INSURANCE

$100.00

43.96
36.02
4.87

1949

DEPOSIT

$100.00

|

FEDERAL

Amounts per $100 of current operating
earnings
Current operating earnings— total...............
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....................

1944

1943

a

Special ratios1
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...............................................................

3.85
1.52
.12

3.44
1.49
.12

3.09
1.46
.10

3.43
1.56
.11

3.79
1.60
.14

4.04
1.64
.17

4.22
1.68
.19

4.34
1.66
.19

4.45
1.71

.93

.87

.87

.84

.87

.90

.91

.94

1.03

Assets and liabilities per $100 of total
assets1
Assets— total........................................................
Cash and due from banks................................
United States Government obligations..........
Other securities..................................................
Loans and discounts.........................................
All other assets..................................................

100.00
25.91
48.70

100.00
22.77
54.59
4.94
16.49

100.00
21.51
56.76
4.56
16.18
.99

100.00
21.91
53.88
4.98
18.28
.95

100.00
23.14
47.40
5.61
22.85

100.00
24.05
42.65
5.89
26.31

100.00
23.55
41.62
6.19
27.49
1.15

100.00
22.65
40.16
6.94
29.09
1.16

100.00
23.86
35.29
7.42
32.23

Liabilities and capital—total.........................
Total deposits....................................................
Demand deposits.............................................
Time and savings deposits.............................
Borrowings and other liabilities......................
Total capital accounts......................................

100.00
92.39
75.39
17.00
.60
7.01

100.00
93.11
75.72
17.89
.62
6.27

100.00
93.62
75.01+
18.58
.64
5.74

100.00
93.37
72.3^
21.03
.70
5.93

100.00
92.82
69.62
23.20
.75
6.43

100.00
92.56
69.13
23.U
S
.84
6.60

100.00
92.21
68.52
23.69
.91
6.88

100.00
92.00
69.08
22.92
1.08
6.92

100.00
91.88
69.85
22.03
1.26
6.86

Number of banks, December 31.........................

13,274

13,268

13,302

13,359

13,403

13,419

13,436

13,446

13,455

1 .2 0

DIVIDENDS
O
F
INSURED
BANKS




1 .1 0

AD
N

Asset and liability items are averages of figures reported at beginning, middle, and end of year.

1 .0 0

EXPENSES,

1 .2 1

EARNINGS,

1

6 .1 1

17.75
1.53

.2 0

a
Oi

T able 113.

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 i a l B a n k s , 1951
BY CLASS OF BANK
(Amounts in thousands of dollars)
Members F . R. System

Earnings or expense item

Total
National

State

Not
members
F. R.
System

Operating
throughout
the year

Operating
less than
full year1

4,372,301
978,473
248,816
2,380,610
34,513
229,338

23,110
5,188
679
9,496
82
1,170

116,140
192,313
198,593

50,575
75,110
121,595

28,420
107,308
53,136

37,145
9,895
23,862

115,832
187,495
197,225

308
4,819
1,368

2,701,313
486,300
864,519

1,474,064
249,290
480,542

757,414
125,945
269,451

469,835
111,065
114,526

2,685,497
483,489
859,263

15,816
2,810
5,257

27,343
385,344
9,667
135,590
65,845
726,707

12,939
217,742
5,409
76,764
36,971
394,407

6,207
87,526
3,668
38,181
16,093
210,344

8,197
80,076
590
20,645
12,781
121,956

27,211
384,230
9,617
135,049
65,582
721,056

132
1,114
50
541
263
5,652

Net current operating earn in gs.....................................................................

1,694,100

972,057

464,634

257,409

1,686,807

7,294

Recoveries, transfers from reserve accoun ts, and profits—t o ta l..........
On securities:

169,233

95,172

53,440

20,621

167,762

1,471

15,292
12,285
56,563

5,614
7,058
39,700

7,917
3,877
12,180

1,761
1,350
4,683

15,254
12,259
56,413

39
26
150

22,595
28,453
34,046

11,760
12,129
18,911

5,817
13,483
10,165

5,018
2,841
4,970

22,416
28,286
33,136

179
167
911

395,687

230,443

108,404

56,840

393,493

2,194

83,756
31,680

51,095
17,127

21,006
11,291

11,655
3,262

83,369
31,521

388
158

21,215
204,202
54,836

9,556
125,339
27,326

3,999
54,695
17,413

7,660
24,168
10,097

20,942
203,655
54,009

274
547
827

Other service charges, commissions, fees, and collection and exchange
Other current operating earnings.....................................................................

Fees paid to directors and members of executive, discount, and other

Recurring depreciation on banking house, furniture and fixtures...............

On loans:

Losses, charge-offs, and transfers to reserve accou n ts—to ta l..............
On securities:
On loans:




CORPORATION

727,242
152,005
38,759
416,015
5,927
43,635

INSURANCE

1,222,048
264,473
62,782
638,042
9,746
58,140

DErOSIT

2,446,121
567,184
147,954
1,336,049
18,922
128,732

FEDERAL

4,395,411
983,662
249,495
2,390,106
34,595
230,507

Current operating earnings— to ta l................................................................

221,189

1,461,074

6,571

159,096
149,123
9,973

68,556
65,330
3,225

556,709
528,224
28,484

2,766
2,586
180

Net profits after income taxes.......................................................................

908,175

504,963

250,574

152,638

904,370

3,805

Dividends and interest on capital—total...................................................
Dividends declared on preferred stock and interest on capital notes and
debentures......................................................................................................
Cash dividends declared on common stock....................................................

418,860

247,304

123,200

48,356

417,144

1,716

3,876
414,984

612
246,692

1,975
121,225

1,289
47,067

3,869
413,275

7
1,709

Net additions to capital from profits..........................................................

489,315

257,659

127,374

104,282

487,226

2,089

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

2,363
28,477

1,098
19,670

987
5,384

278
3,423

2,363
28,421

56

17,725
64,735

6,355
44,314

9,564
11,267

1,806
9,154

17,707
64,618

18
118

Average assets and liabilities2
Assets—total......................................................................................................
Cash and due from banks................................................................................
United States Government obligations..........................................................
Other securities..................................................................................................
Loans and discounts.........................................................................................
All other assets..................................................................................................

169,207,394
40,373,273
59,711,922
12,554,632
54,533,221
2,034,346

97,943,593
23,970,698
34,538,327
7,587,965
30,660,009
1,186,594

48,607,310
12,033,927
16,482,336
3,080,837
16,378,262
631,948

22,656,491
4,368,648
8,691,259
1,885,830
7,494,950
215,804

Liabilities and capital— total.........................................................................
Total deposits..................................................................
Demand deposits.............................................................................................
Tim e and savings deposits.............................................................................
Borrowings and other liabilities......................................................................
Total capital accounts....................................................................................

169,207,394
155,460,465
118,189,171
37,271,29b
2,131,162
11,615,767

97,943,593
90,014,332
69,1+40,591+
20,573,738
1,439,008
6,490,253

48,607,310
44,581,848
34,908,121+
9,673,721+
550,592
3,474,870

22,656,491
20,864,285
13,81+0,1+53
7,023,832
141,562
1,650,644

Number of active officers, December 31............................................................
Number of other employees, December 31........................................................

73,806
334,961

35,125
183,174

15,418
99,074

23,263
52,713

73,463
333,396

343
1,565

Number of banks, December 31..........................................................................

113,455

4,939

1,898

6,618

13,386

69

INSURED
BANKS




O
F

Note: Due to rounding, earnings data of State banks may not add precisely to the indicated totals.
Includes banks operating less than full year and a few banks which engage primarily in fiduciary business.
Asset and liability items are averages of figures reported at beginning, middle, and end of year.
Back figures: See Table 111, p. 162-63. See also the Annual Report for 1950, pp. 254-255, and earlier reports.

1
2

DIVIDENDS

409,670

331,823
316,357
15,466

AD
N

836,786

559,475
530,810
28,664

EXPENSES,

1,467,645

Taxes on net income— total............................................................................
Federal.................................................................................................
State.................................................................................................

EARNINGS,

Net profits before income taxes.....................................................................

O

T a b le 114.

R a t i o s o f E a r n i n g s , E x p e n s e s , a n d D i v 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 , 1951
B Y CLASS OF B A N K

Total
National

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

61.46
31.35
8.77
3.09
1.50
16.75

60.26
30.37
8.90
3.14
1.51
16.34

61.98
32.86
7.16
3.13
1.32
17.51

64.61
32.15

Net current operating earnings.............................................................................................................

38.54

39.74

38.02

35.39

2.60
1.60

2.50
1.51
.99

2.51
1.56
.95

.1 0

.1 1
.2 2

3.21
2.07
1.14
.09
.25
,98
.67

Amounts per $100 of total assets1
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 before income t«xes...................................................................................................................
Net profits after income taxes......................................................................................................................

1 .0 0
.1 0

.23
,87
.54

.24
,85
.52

,84
.52

Memoranda
Recoveries credited to reserve accounts (not included in recoveries above):

6 .0 0

5.11
4.64

1 1 .0 1

2.84
1.76
16.85

On loans......................................................................................................................................................




(2
)

(2
)

(2
)

(2
)

.0 2

.0 2

.0 1

.0 2

.0 1

On loans. . . .
........................................................................................................................................
Losses charged to reserve accounts (not included in losses above):

.0 1

.05

.0 2
.0 2

.0 1

.04

.04

CORPORATION

$100.00
21.64
5.14
53.01
4.76
2.32
13.13

INSURANCE

$100 00
23.19
6.05
55.39
5.26
2.07
8.04

$100.00
20.90
5.33
58.02

Service charges on deposit accounts........................................................................................................
Other service charges, commissions, fees, and collection and exchange charges.................................
Other current operating earnings.............................................................................................................

$100.00
22.38
5.68
55.17
5.24
2.64
8.89

DEPOSIT

Amounts per $100 of current operating earnings
Current operating earnings— total........................................................................................................
Interest on United States Government obligations...............................................................................
Interest and dividends on other securities..............................................................................................

State

FEDERAL

Not
members
F. R.
System

Members F. R. System
Earnings or expense item

14.58
1.46
3.41
12.63
4.81
7.82
3.61
4.21

14.98
1.46
3.55
12.89
5.11
7.78
3.81
3.97

13.37
1.54
3.12
11.79
4.58
7.21
3.54
3.67

15.59
1.25
3.44
13.40
4.15
9.25
2.93
6.32

.0 2
.2 1

.15
.56

.1 0
.6 8

.28
.32

.55

Special ratios1
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.................................................................................

4.45
1.71
1.03

4.42
1.70
.19
1.06

3.96
1.67
.17
.90

5.63
1.80
.32
1.14

Assets and liabilities per $100 of total assets1
Assets— total..............................................................................................................................................
Cash and due from banks.........................................................................................................................
United States Government obligations...................................................................................................
Other securities...............................................................................................................
Loans and discounts....................................................................................................................
All other assets...............................................................................................................................

100.00
23.86
35.29
7.42
32.23

100.00
24.48
35.26
7.75
31.30

100.00
24.76
33.91
6.34
33.69
1.30

100.00
19.28
38.36
8.33
33.08
.95

Liabilities and capital— total..................................................................................................................
Total deposits.............................................................................................................................................
Demand deposits......................................................................................... ............................................
Time and savings deposits..................................................................................................................
Borrowings and other liabilities...............................................................................................................
Total capital accounts.................................................................................................................

100.00
91.88
69.85
22.03
1.26
6 .8 6

100.00
91.90
70.90
21.00
1.47
6.63

100.00
91.72
71.82
19.90
1.13
7.15

100.00
92.09
61.09
31.00
.62
7.29

Number of banks, December 31..................................................................................................................

13,455

4,939

1,898

6,618

.2 0

1 .2 0




BANKS

Asset and liability items are averages of figures reported at beginning, middle, and end of year.
Less than .005.
Back figures: See Table 112, pp. 164-65. See also the Annual Report for 1950, pp. 256-257, and earlier reports.
1
2

1 .2 1

.1 1

INSURED

.03
.15

O
F

.30

DIVIDENDS

.0 2

AD
N

.0 2

.25

EXPENSES,

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

EARNINGS,

Amounts per $100 of total capital accounts1
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...........................................................................................

O
C
O

T a b le

115.

E a r n i n g s , E x p e n s e s , a n d D i v i d 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 O p e r a t i n g T h r o u g h o u t 1951
B A N K S GROUPED ACCORDING TO AM O U N T OF DEPO SITS

Banks with deposits of—
Earnings or expense item

Other current operating earnings..................................

Recoveries, transfers from reserve accounts, and
profits— t o t a l.............................................................
On securities:
R ecoveries...................................................................
Transfers from reserve accounts...............................
Profits on securities sold or redeemed......................
On loans:
Recoveries....................................................................
Transfers from reserve accounts...............................
Losses, charge-offs, and transfers to reserve a c ­
cou n ts— 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 ,0 0 0 , 0 0 0 $50,000,000 More than
to
to
to
$1 0 ,0 0 0 , 0 0 0 $50,000,000 $1 0 0 ,0 0 0 , 0 0 0 $1 0 0 ,0 0 0 , 0 0 0

(Amountsi in thousand:3 of dollars''
400,601
417,606
152,261
94,663
97,134
33,742
23,662
22,503
6,358
223,914
242,215
90,702
2,639
1,928
700
27,802
24,850
8 ,2 0 2

323,308
70,763
15,992
174,406
2,792
18,604

2,180,318
473,500
129,686
1,165,559
20,106
87,130

22,644
36,384

8,194
14,178
18,378

41,833
145,865
116,639

256,078
56,783
65,297

550,704
97,979
165,880

207,085
33,244
69,312

1,281,899
176,641
483,957

6,545
42,536
225
12,876

4,823
42,596
258
12,591

6,135
86,323
864
27,337

1,547
26,387
646
10,601

4,718
169,300
7,490
65,672

2,427
23,123

7,992
64,517

8 ,2 2 2

65,510

16,583
149,600

6,039
59,312

23,576
350,545

17,040

58,189

155,521

144,523

294,652

116,223

898,419

217

1,273

3,890

9,403

9,143

21,620

12,074

110,143

6
6

16

49
13
94

311
29
390

837
249
1,305

1,203
313
1,621

3,035
1,276
4,388

585
1,723
2,564

9,230
8,647
46,034

22,416
28,286
33,136

142
4
42

818
29
271

1,896
257
1,006

3,679
1,097
2,236

2,415
1,224
2,366

3,891
2,972
6,060

1,469
2,813
2,920

8,107
19,890
18,235

393,493

362

2,803

9,107

28,218

31,264

70,595

30,610

220,534

6,907
1,988

42,912
22,683

1,335
15,355
5,025

2,427
128,545
23,967

4,372,301
978,473
248,816
2,380,610
34,513
229,338

6,656
970
218
4,343
82
317

46,199
9,006
1,515
28,858
247
2,316

115,832
187,495
197,225

581
3
144

3,461
786

9,274
155
3,128

17,703
1,320
9,953

12,787
3,322
11,813

2,685,497
483,489
859,263

4,415
1,934
563

29,159
11,642
4,022

94,073
32,354
15,752

262,086
72,916
54,480

27,211
384,230
9,617
135,049

110

360
225

792
3,418
28
1,281

2,543
13,312
98
4,466

65,582
721,056

91
1,125

653
7,323

1,686,807

2,241

167,762
15,254
12,259
56,413

8

8

83,369
31,521

34
6

268
31

20,942
203,655
54,009

218
45
60

1,357
685
463

845,355
198,693
48,884
450,612
6 ,0 2 1

60,117
2 2 ,0 0 2

300

5,856
949

7,700
1,309

18,590
4,256

3,114
2,743
1,846

5,176
10,756
5,481

3,611
13,006
5,639

3,706
32,516
11,528

1 ,1 0 2

CORPORATION

Net current operating earnin gs...................................

$2 ,0 0 0 , 0 0 0
to
$5,000,000

INSURANCE

.................................................
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 m oney..................
Taxes other than on net income
....................
Recurring depreciation on banking house, furniture
and fixtures..................................................................
Other current operating expenses.................................

$1 ,0 0 0 , 0 0 0
to
$2 ,0 0 0 , 0 0 0

DEPOSIT

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-

$500,000
to
$1 ,0 0 0 , 0 0 0

$500,000
or
less

FEDERAL

Interest on United States Government obligations. . .

All
banks1

2

Net profits before in com e taxes..................................

1,461,074

2,096

15,508

52,972

136,705

122,401

245,679

97,686

788,028

35,942
34,371
1,571

40,463
38,846
1,617

94,529
91,268
3,262

41,084
39,731
1,353

329,393
309,688
19,704

41,419

100,763

81,939

151,151

56,602

458,635

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

3,632

11,834

31,632

27,868

58,953

22,741

259,989

3,869
413,275

11

19
3,613

110

486

11,724

340
31,292

392
27,476

968
57,985

726
22,015

1,305
258,683

Net additions to capital from p ro fits........................

487,226

1,166

8,565

29,585

69,133

54,071

92,198

33,861

198,646

2,363
28,421

1

6

16

140

537

36
1,964

57
2,292

143
4,058

321
1,786

1,799
17,629

17,707
64,618

1

2

28

322

23
1,241

205
4,905

138
5,460

1,536
11,484

902
5,346

14,900
35,830

175,740,138
43,549,764
60,160,560
12,932,076
56,947,626
2,150,112

177,360
52,132
54,493
7,880
61,584
1,271

1,375,028
342,145
502,613
67,888
454,664
7,718

4,906,477
1,178,920
1,877,033
286,110
1,532,408
32,006

14,419,669
3,346,257
5,510,872
1,122,349
4,328,880
111,311

14,237,956
3,175,622
5,498,453
1,260,641
4,174,798
128,442

31,402,067
7,196,096
11,966,798
2,685,488
9,193,380
360,305

12,493,185
3,064,151
4,527,384
881,291
3,853,225
167,134

96,728,396
25,194,441
30,222,914
6,620,429
33,348,687
1,341,925

175,740,138
161,574,944
123,603,536
37,971,1+08
2,344,491
Total capital accounts.................................................... 11,820,703

177,360
155,870
127,251
28,619
585
20,905

1,375,028
1,243,782
91*5,1*78
298,301*
2,665
128,581

4,906,477 14,419,669 14,237,956 31,402,067
12,493,185
4,484,905 13,303,253 13,202,520 29,199,936
11,641,542
8,877,991* 20,071,503
3,268,939
9,267,1*61
8,809,161
1*,035,792
1,215,966
9,128,1*33
2,832,381
1*,321*,526
11,781
38,679
205,086
112,172
Borrowings and other 57,286
liabilities....................................
409,791
1,077,737
978,150
1,997,045
739,471

96,728,396
88,343,136
72,235,71*9
16,107,387
1,916,237
6,469,023

Number of active officers, December 31.........................
Number of other employees, December 31.....................

73,463
333,396

806
457

3,842
2,775

8,763
9,070

15,520
26,936

9,824
28,968

13,404
69,333

3,898
28,640

17,406
167,217

Number of banks, December 31.......................................

13,386

425

1,706

3,172

4,281

1,939

1,495

167

201

M em oranda
Recoveries credited to reserve accounts (not included in
recoveries above):
On loans...........................................................................
Losses charged to reserve accounts (not included in
losses above):
On securities....................................................................
On loans...........................................................................
Average assets and liabilities 3
Assets—t o ta l.....................................................................
Cash and due from banks..............................................
United States Government obligations........................
Other securities...............................................................
Loans and discounts.......................................................
All other assets................................................................
Liabilities and capital— t o ta l.......................................
Total deposits..................................................................
Demand deposits..........................................................
Time and savings deposits. .........................................

Note: Due to rounding, earnings data of State banks may not add precisely to the indicated totals.
This group of banks is the same as the group shown in Table 113 under the heading “ Operating throughout the year/'
Deposits are as of December 31, 1951.
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, 1951,
for banks not submitting reports to FDIC.
Back figures: See the Annual Report for 1950, pp. 258-259, and earlier reports.
h-*

1
2
8




BANKS

12,196

496

INSURED

1,664

O
F

904,370
417,144

DIVIDENDS

Net profits after in com e taxes.....................................

AND

3,312
3,086
227

EXPEN SES,

432
4.05
27

Taxes on net in com e— t o t a l.........................................

EARNINGS,

556,709
528,224
28,484

11,553
10,831
722

,
_

T a b le 116.

R a t i o s o f 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 i a 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 1951
B A N K S GROUPED ACCORDING TO AM O U N T OF D EPOSITS

Banks with deposits of—
Earnings or expense item

$500,000
or
less

$500,000
to
$1 ,0 0 0 , 0 0 0

$1 ,0 0 0 , 0 0 0
to
$2 ,0 0 0 , 0 0 0

$2 ,0 0 0 , 0 0 0
to
$5,000,000

$5,000,000 $1 0 ,0 0 0 , 0 0 0 $50,000,000 More than
to
to
to
$1 0 ,0 0 0 , 0 0 0 $50,000,000 $1 0 0 ,0 0 0 , 0 0 0 $ 1 0 0 ,0 0 0 , 0 0 0

$100.00
22.16
4.17
60.03
5.39

$100.00
23.26
5.39
58.46
5.95

$100.00
23.63
5.91
56.55
6.94

$100.00
23.51
5.78
54.02
7.11

$100.00
21.89
4.95
54.81
5.75

$100.00
21.72
5.95
54.38
3.99

2.65
8.80

8.72
2 .2 0

7.49
1.72

6.09
2.16

4.24
2.70

3.19
3.78

2.60
6.98

2.53
10.07

1.92
12.04

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

61.42
31.33
8.79
3.09

66.33
39.16
5.41
3.38

63.12
35.62
7.40
2.77

61.78
33.27
8.74
2.93

62.76
32.08
10.19
3.08

63.92
31.68
10.63
3.14

65.14
31.94
3.23

64.05
32.20
8.16
3.28

58.79
30.52
7.76
3.01

1.50
16.71

1.36
17.02

1.42
15.91

1.59
15.25

1.91
15.50

2.05
16.42

1.96
17.80

1.87
18.54

1.08
16.42

Net current operating earnings...................................

38.58

33.67

36.88

38.22

37.24

36.08

34.86

35.95

41.21

2.49
1.53
.96

3.75
2.49
1.26

3.36

3.11
1.92
1.19

2.90
1.82
1.08

2.82
1.80
1 .0 2

2.69
1.75
.94

2.59

2 .1 2

2.25
1.32
.93

.09

.1 2

.09

.08

.07

.06

.07

.1 0

.1 1

.2 2

.2 0

.2 0

.2 0

1.18
.94

1.13
.89

.19
1.08
.84

.2 2
.8 6

.23
.78
.48

.25
.78
.45

.23
.81
.47

Amounts per $100 of total assets3
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 before income taxes.........................................
Net profits after income taxes...........................................
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...........................................................................




.83
.51

(4
)

(4
)
.0 2

.0 1

.04

1.24

.0 1

(4
)
.0 2

.0 1

(4
)
.0 2

(4
)

.95
.70

(4
)

.58

(4
)

1 0 .2 1

(4
)

1 .6 6

.93

(4
)

(4
)

.0 1

.0 1

.0 2

.0 1

.0 1

.0 2

(4
)
.03

(4
)
.03

(4
)
.04

(4
)
.04

.0 1

.0 2

.04

.04

CORPORATION

$100.00
19.49
3.28
63.00
5.02

INSURANCE

$100.00
14.57
3.27
66.48
4.76

DEPOSIT

$100.00
22.38
5.69
55.24
5.24

FEDERAL

Amounts per $100 of current operating
earnings
Current operating earnings— total.............................
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..................................

All
banks1

2

14.27

10.72

13.25

14.20

14.43

14.78

14.75

15.72

1.42

1.04

.99

.95

.87

.93

1.08

1.63

13.89
1.70

3.33
12.36
4.71
7.65
3.53
4.12

1.73
10.03
2.07
7.96
2.38
5.58

2.18
12.06
2.57
9.49
2.83
6.66

2.22
12.93
2.82
10.11
2.89
7.22

2.62
12.68
3.33
9.35
2.94
6.41

3.20
12.51
4.13
8.38
2.85
5.53

3.53
12.30
4.73
7.57
2.95
4.62

4.14
13.21
5.56
7.65
3.07
4.58

3.41
12.18
5.09
7.09
4.02
3.07

.01
.23

.01
.20

.04
.24

.03
.27

.15
.55

(4
)
.13

(4
)
.25

.01
.30

.02
.46

.01
.56

.08
.58

.12
.72

.23
.55

Special ratios8
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. .. .

4.24
1.68
.19
1.01

7.19
1.90
.25
1.26

6.40
1.84
.24
1.15

5.96
1.85
.25
1.09

5.64
1.80
.27
1.05

5.43
1.75
.31
.98

4.97
1.69
.30
.95

4.60
1.60
.21
.93

3.56
1.64
.12
1.05

Assets and liabilities per $100 of total
assets1
Assets— total.....................................................................
Cash and due from banks..............................................
United States Government obligations........................
Other securities...............................................................
Loans and discounts.......................................................
All other assets................................................................

100.00
24.78
34.23
7.36
32.41
1.22

100.00
29.39
30.73
4.44
34.72
.72

100.00
24.88
36.55
4.94
33.07
.56

100.00
24.03
38.26
5.83
31.23
.65

100.00
23.21
38.22
7.78
30.02
.77

100.00
22.30
38.62
8.86
29.32
.90

100.00
22.91
38.11
8.55
29.28
1.15

100.00
24.53
36.24
7.05
30.84
1.34

100.00
26.05
31.24
6.84
34.48
1.39

Liabilities and capital— total.......................................
Total deposits..................................................................
Demand deposits...........................................................
Time and savings deposits...........................................
Borrowings and other liabilities....................................
Total capital accounts....................................................

100.00
91.94
70.SS
21.61
1.33
6.73

100.00
87.88
71.75
16.13
.33
11.79

100.00
90.46
68.76
21.70
.19
9.35

100.00
91.41
66.63
U-78
.24
8.35

100.00
92.26
6^.27
27.99
.27
7.47

100.00
92.73
62.36
30.37
.40
6.87

100.00
92.99
63.92
29.07
.65
6.36

100.00
93.18
70.51
22.67
.90
5.92

100.00
91.33
7^.68
16.65
1.98
6.69

Number of banks, December 31.......................................

13,386

425

1,706

3,172

4,281

1,939

1,495

167

201

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, 1951.
8 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, 1951,
for banks not submitting reports to FDIC.
4 Less than .005.
Back figures: See the Annual Report for 1950, pp. 260-261. and earlier reports.




BANKS

(*)
.18

INSURED

(4
)
.13

O
F

(<
)
.11

DIVIDENDS

.08

AD
N

.02
.24

EXPENSES,

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

EARNINGS,

Amounts per $100 of total capital accounts*
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...............................

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 ,

1951

(Amounts in thousands of dollars)
Possessions
Earnings or expense item

U. S. and
possessions

Puerto
Rico

Alaska

United
States

Other1

1,864
930
1,574

447
356
1,279

2,308
182
827

8,672
14,332
18,775

662
1,008
1,176

802
4,990
2,492

670
130
206

2,693,791
485,010
862,173

23,351
5,556
6,714

12,581
2,115
4,750

14,346
4,125
3,644

311,036
39,647
101,455

20,913
4,462
6,383

34,323
6,456
10,896

29
129

27,235
384,466
9,453
135,171

306
2,632

38
885

12

6

460

384

323
915
18
690

811
90,929
1,192
12,168

334
3,069
71
443

334
4,505
56
1,302

147

65,592
724,692

711
6,961

392
4,011

432
4,200

5,889
58,947

462
5,690

1,048
9,729

834

273

1,691,441

17,568

6,309

10,190

176,165

14,758

16,586

15

32

168,631

976

188

611

16,725

1,132

922

5

15,287
12,049
56,329

14
9
149

672
1,178
4,666

178

79

64

116
24
91

97

243

556

96

2

1

156

64

Current operating expenses— total.............
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 m oney. .
Taxes other than on net income....................
Recurring depreciation on banking house,
furniture and fixtures..................................
Other current operating expenses..................

2,701,313
486,300
864,519

5,417
877
1,552

1,435
283
588

27,343
385,344
9,667
135,590

74
646
214
363

5
103
38

18

65,845
726,707

196
1,496

45
372

12

Net current operating earnings...................

1,694,100

1,552

169,233

555

15,292
12.285
56,563

236
232

22,595
28,453
34,046

34
23
31

20
1

22,552
28,410
34,003

362
171
272

59
29
37

262

11

8
110

1,249
4,840
4,121

268
56
533

291
62
145

395,687

450

301

39

394,897

4,672

1,323

1,660

34,014

3,500

3,531

83,756
31,680

23
103

45
35

3

83,685
31,542

900
22

357
34

515
29

4,657
4,642

911
85

708
138

21,215
204,202
54,836

104
203
17

29
118
74

31

21,051
203,881
54,740

714
2,289
746

20

5

730
182

415
447
255

585
20,940
3,190

313
1,665
527

37
1,822
826

1,467,645

1,657

548

266

1,465,174

13,872

5,175

9,140

158,876

12,390

13,976

2

5

4

101

CORPORATION

10

114,574
192,310
198,363

914

1

51

INSURANCE

50,909
10,822
2,613
25,525
213
3,454

DEPOSIT

35,670
8,375
1,234
19,929
292
2,996

FEDERAL

487,201
83,191
24,288
300,071
7,624
30,249

116,140
192,313
198,593

Net FRASER
Digitized for profits before income taxes...................


Connec­
ticut

24,535
5,283
1,747
12,526
76
1,588

943
173
52
560

Losses, charge-offs, and transfers to re­
serve accounts— total..............................
On securities:
Losses and charge-offs.................................
Transfers to reserve a cco u n ts..................
On loans:
Losses and charge-offs.................................
Transfers to reserve accounts . .
....

Colorado

18,890
2,508
719
11,853
371
1,358

2,268
445
29
1,025
69
79

Recoveries, transfers from reserve ac­
counts, and profits—total......................
On securities:
Recoveries
.
........................
Transfprq from resprve accounts
Profits on securities sold or redeemed. . . .
On loans:
Recoveries.....................................................
Transfers from reserve accounts ..............
All other............................................................

California

40,919
7,407
2,385
24,346
146
2,268

6,969
403
685
4,521
163
125

Other current operating earnings..................

Arkansas

Arizona

4,385,231
982,641
248,729
2,384,000
34,362
230,252

4,395,411
983,662
249,495
2,390,106
34,595
230,507

Current operating earnings— total.............
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................

Alabama

5,295
4,636
660

2,428
2,277
152

2.652
2.652

63,810
58,556
5,254

5,371
4,896
475

5,336
4,813
523

Net profits after income taxes......................

908,175

1,524

313

194

906,144

8,578

2,746

6,489

95,065

7,019

8,641

Dividends and interest on capital— total. .
Dividends declared on preferred stock and
interest on capital notes and debentures. .
Cash dividends declared on common stock. .

418,860

646

102

55

418,057

3.359

1,195

2,218

57,557

2.636

4,334

3,876
414,984

646

3,873
414,184

1

3.359

35
1,160

6

102

3
52

2,213

318
57,237

2.636

4,332

Net additions to capital from profits.........

489,315

878

211

139

488,087

5,218

1,552

4,271

37,510

4,383

4,307

Memoranda
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............................................................

2,363
28,477

26

41

2,363
28,410

424

25
69

705
3,236

1

212

230

4
218

17,725
64,735

27
97

33

17,698
64,605

5
636

42
1,033

49
206

5,167
16,034

978

Average assets and liabilities2
Assets— total................................................
169,207,394
Cash and due from banks.............................. 40,373,273
United States Government obligations........ 59,711,922
Other securities................................................ 12,554,632
Loans and discounts......................................
54,533,221
All other assets................................................
2,034,346

180,966
31,374
26,350
35,520
79,119
8,603

59,950
17,309
26,087
1,997
14,064
493

31,108 168,935,370
5,490 40,319,100
10,641 59,648,844
3,072 12,514,043
11,649 54,428,389
256
2,024,994

1,397,635
373,546
452,782
125,602
429,911
15,794

526,884
103,184
165,252
38,360
210,995
9,093

892,673 15,503,184
268,644 2,844,560
324,893 5,091,227
76,697 1,193,679
216,765 6,153,098
5,674
220,620

1,320,242
352,787
513,474
49,786
395,915
8,280

1,824,184
432,725
665,985
171,654
529,922
23,898

Liabilities and capital— total........................ 169,207,394
Total deposits................................................... 155,460,465
Demand deposits.............................
118,189,171
Time and savings deposits............................ 37,271,294
Borrowings and other liabilities....................
2,131,162
Total capital accounts.................................... 11,615,767

180,966
155,191
80,537
74,654
10,877
14,898

59,950
57,216
35,927
21,289
106
2,628

31,108 168,935,370
28,782 155,219,276
14,946 118,057,761
13,836 37,161,515
65
2,120,114
2,261 11,595,980

1,397,635
1,291,247
1,028,330
262,917
9,861
96,527

526,884
492,574
389,327
103,247
5,788
28,522

892,673 15,503,184
828,677 14,340,309
727,448 8,249,840
101,229 6,090,469
2,187
251,809
61,809
911,066

1,320,242
1,233,806
995,271
238,535
6,470
79,966

1,824,184
1 ,6 8 6 , 1 0 2
1,302,768
383,334
12,605
125,477

2

20
2
1 ,1 1 1

73,806
334,961

159
940

41
182

19
83

73,587
333,756

981
2,978

282
1,973

833
1,743

5,334
33,108

732
2,745

817
4,540

Number of banks, December 31........................

13,455

7

6

3

13,439

226

12

224

190

147

94

Note: Due to rounding, earnings data of State banks may not add precisely to the indicated totals.
1 Includes 2 banks in Hawaii, and 1 national bank in the Virgin Islands, not members of the Federal Reserve System.
2 Asset and liability items are averages of figures reported at beginning, middle, and end of year.
Back figures: See the Annual Report for 1950, pp. 262-271, and earlier reports.




BANKS

Number of active officers, December 31..........
Number of other employees, December 31.. . .

INSURED

559,034
530,388
28,646

O
F

72
72

DIVIDENDS

236
235

AD
N

133
115
18

EXPENSES,

559,475
530,810
28,664

EARNINGS,

Taxes on net income— total..........................
Federal..............................................................
State..................................................................

Oi

Table 117.

E a r n i n g s , E x p e n s e s , a n d D i v id e n d s o f I n s u r e d C o m m e r c i a l B a n k s , b y S t a t e , 1951— Continued
(Amounts in thousands of dollars)

Earnings or expense item

Delaware

District of
Columbia

Florida

Georgia

Idaho

Illinois

Indiana

Iowa

Kansas

Kentucky

Louisiana

45,854
10,693

58,383
16,612
3,086
25,251
260
5,722

63,302
8,768
2,563
38,620
805
3,645

14,656
3,041
305
9,281
187
1,058

304,464
96,747
21,930
134,501
2,825
14,576

88,201
26,825
3,764
44,505
422
4,466

67,676
15,909
3,453
39,057
157
4,616

42,956
9,657
2,449
24,666
272
2,869

27,465
295
1,786

49,183
11,964
3,893
24,185
37
3,015

154
2,316
355

857
1,913
1,397

2,561
1,208
3,682

4,666
1,842
2,393

317
57
410

4,480
17,031
12,374

2,465
1,995
3,760

2,066
632
1,786

930
377
1,739

674
1,616
1,436

3,040
519
2,530

Current operating expenses— total.............
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 m oney. .
Taxes other than on net income....................
Recurring depreciation on banking house,
furniture and fixtures..................................
Other current operating expenses..................

8,291
1,924
2,491

19,863
3,356
7,507

36,466
6,897

40,696
8,360
11,024

9,484
2,076
2,641

183,981
32,670
55,928

57,012
11,407
15,617

39,828
11,206
9,650

24,881
7,585
5,993

26,462
6,574
7,112

31,479
6,138
9,119

158
813
36
235

238
1,580
33
1,323

404
3,811
54
1,261

556
3,522
118
2,952

81
1,802
17
224

1,518
30,552
558
9,146

798
8,690
16
4,677

464
5,516
31
1,346

417
1,757
15
1,165

474
2,055
73
2,272

474
3,059
2,838

264
2,371

657
5,168

1,624
11,315

1,075
13,089

327
2,315

3,326
50,285

1,308
14,498

925
10,690

518
7,429

678
7,225

885
8,956

Net current operating earnings...................

6,955

11,916

21,916

22,606

5,173

120,483

31,190

27,847

18,076

19,393

17,704

440

823

695

1,190

173

11,727

3,198

1,548

895

1,178

1,487

73

82

13

316

525

24

156
952
426

427
28
304

96

76

1,196
918
4,261

75

56
142
266

31
19
365

177
31
539

111

46

13
182

304
79
202

56
29
52

1,079
2,087
2,187

331
371
963

260
113
417

534
42
149

249
246
219

381
278
414

Recoveries, transfers from reserve ac­
counts, and profits— total......................
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— total..............................
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 income taxes...................




33
123
128
102
8

1 1 ,1 0 0

1 ,8 8 8

11

704

2,047

2,814

3,900

625

34,928

8,479

5,374

3,668

3,184

4,118

243
3

757

1,140

317

12,368
1,965

2,104

6

1,086
52

1 ,0 2 0

1,983
25

842
35

636
301

510
629

48
271
138

13
787
487

216
1,069
391

316
1,769

80
147
82

970
16,788
2,838

297
2,562
2,496

548
2,085
733

802

668

1,123

339
1,071
838

306
1,183
1,488

6,691

10,691

19,797

19,896

4,720

97,281

25,909

24,021

15,302

17,386

15,074

8

866

CORPORATION

31,778
8,648
1,093
15,173
160
2,538

INSURANCE

15,247
3,259
810
7,967
87
300

DEPOSIT

Current operating earnings— total.............
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..................

2.846
2.846

4.893
4.893

7.440
7.440

7.742
7.742

1,958
1,718
240

30.204
30.204

8.576
8.576

6.710
6.710

5.057
5.057

5.805
5.805

Net profits after income taxes......................

3,845

5,801

12,357

12,154

2,762

67,076

17,334

17,310

10,245

11,581

9,901

Dividends and interest on capital— total. .
Dividends declared on preferred stock and
interest on capital notes and debentures. .
Cash dividends declared on common stock. .

2,173

3,014

3,174

5,314

1,050

23,942

5,371

4,706

3,062

3,993

3,020

3,014

1,048

77
23,865

68

3,174

3
5,311

2

2,173

5,303

57
4,649

3
3,059

18
3,975

3,008

Net additions to capital from profits.........

1,673

2,787

9,183

6,840

1,711

43,135

11,962

12,604

7,184

7,588

6,881

Memoranda
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............................................................

136

131

412

28

18
2 ,2 0 1

15
595

8

46

167

252

207

4
85

461

17
731

18
928

65
820

12

74

612
2,281

2

246

548

657

266
635

17
351

AD
N

Average assets and liabilities1
Assets— total......................................................
Cash and due from banks..............................
United States Government obligations........
Other securities................................................
Loans and discounts........................................
All other assets.................................................

576,919
114,319
232,511
38,629
185,338

1,275,472
318,993
522,726
48,881
364,103
20,769

2,234,770
568,586
979,404
143,317
513,714
29,749

1,967,054
550,307
548,701
99,419
743,745
24,882

461,416 14,070,624
94,439 3,397,086
176,392 5,849,951
13,420 1,088,966
173,153 3,640,759
4,012
93,862

3,546,890
820,793
1,604,977
207,985
885,372
27,763

2,442,184
540,067
862,807
212,040
812,085
15,185

1,659,730
443,442
575,240
148,225
483,626
9,197

1,759,807
469,544
640,207
77,483
560,123
12,450

1,982,618
577,884
716,238
171,550
492,322
24,624

Liabilities and capital— total.......................
Total deposits...................................................
Demand deposits...........................................
Time and savings deposits............................
Borrowings and other liabilities.....................
Total capital accounts....................................

576,919
519,639
428,210
91 ,429
4,096
53,184

1,275,472
1,188,518
955,268
233,250
8,659
78,295

2,234,770
2,089,879
1,709,621
380,258
11,340
133,551

1,967,054
1,815,188
1,^98,209
316,979
19,868
131,998

461,416 14,070,624
434,492 13,158,038
328,1 U 9,892,873
106,351 3,265,165
2,453
81,762
24,471
830,824

3,546,890
3,322,644
2,416,978
905,666
15,365
208,881

2,442,184
2,276,990
1,759,170
517,820
3,892
161,302

1,659,730
1,553,033
1,389,533
163,500
4,312
102,385

1,759,807
1,625,768
1,394,437
231,331
9,045
124,994

1,982,618
1,862,290
1,575,339
286,951
14,022
106,306

DIVIDENDS

Taxes on net income— total..........................
Federal..............................................................
State..................................................................

Number of active officers, December 31..........
Number of other employees, December 31.. . .

271
1 ,1 0 2

383
2,861

1,147
4,883

1,439
4,728

310
1,090

4,350
21,029

2,108
6,901

2,134
4,487

1,583
2,820

1,424
3,548

921
3,825

Number of banks, December 31........................

35

19

204

337

41

882

471

606

468

361

165

6 ,1 2 2

BANKS




INSURED

1 Asset and liability items are averages of figures reported at beginning, middle, and end of year.
Back figures: See the Annual Report for 1950, pp. 262-271, and earlier reports.

O
F

Note: Due to rounding, earnings data of State banks may not add precisely to the indicated totals.

EXPENSES,

1

1

11

EARNINGS,

1

5.174
5.174

Table 117.

E a r n i n g s , E x p e n s e s , a n d D i v i d 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 , 1951— Continued
(Amounts in thousands of dollars)

Earnings or expense item

Maine

Maryland Massachusetts Michigan Minnesota Mississippi

Missouri

Montana

Nebraska

New
Hampshire

Nevada

8,058
1,566
393
4,701
18
737

158,821
41,721
8,342
88,794
1,503
7,956

90,895
18,188
4,746
49,944
427
5,238

25,700
4,703
2,869
12,471
79
1,417

118,026
23,899
5,845
73,320
570
4,559

16,338
4,444
618
8,428
166
1,349

35,512
8,717
1,617
19,832
62
2,349

3,342
135
334

221

427
392

958
1,135
1,487

3,263
9,579
8,348

3,934
2,338
4,233

7,022
2,387
2,945

3,228
154
779

2,789
2,954
4,089

616
55
664

1,085
348
1,502

175
258

Current operating expenses— total.............
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 m oney. .
Taxes other than on net income....................
Recurring depreciation on banking house,
furniture and fixtures..................................
Other current operating expenses..................

10,173
1,729
2,694

27,071
4,427
8,301

79,735
13,507
27,468

99,940
15,132
33,298

57,464
13,711
16,161

16,303
4,233
4,214

68,156
14,252
21,719

10,020
2,392
2,588

21,050
6,033
5,261

186
2,106

472
3,913
82
1,632

744
6,902
214
3,654

934
18,927
371
4,903

733
9,135
233
1,133

277
1,175
14
1,134

815
6,716
327
2,974

77
789
4
1,054

340
1,189
139
1,113

11

110

805

997
13

233

211

727
7,518

2,378
24,869

2,458
23,917

1,161
15,197

365
4,893

1,797
19,555

256
2,862

510
6,463

109
764

186
1,519

Net current operating earnings...................

4,684

14,906

48,483

58,881

33,431

9,397

49,870

6,319

14,462

2,190

2,656

389

765

5,724

2,918

1,896

858

4,066

1,298

717

18

304

57

141

210

163

978
701

388

109

245
30
917

395

132
53
107

458
271
466

414
97
117

91
155
122

2

50

90
26
109

163
157
141

759
1,948
1,127

425
306
997

607
55
445

190
106
270

615
423
1,833

450
150
72

143
35
173

3
12

60
18
106

1,267

2,469

15,667

12,874

5,256

2,791

12,710

2,269

2,896

158

677

336
18

758

6,403
1,130

1,285
258

812

2,975
904

339
915

722

11

22

3,088
1,275

143
597
173

74
1,158
456

186
8,653
2,465

457
3,722
1,162

819
1,560
1,333

703
4,389
3,738

388
483
144

199
1,056
700

11
101

35

180
59

3,806

13,203

38,539

48,925

30,070

41,227

5,349

12,283

2,048

2,282

Recoveries, transfers from reserve ac­
counts, and profits— total.....................
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— total..............................
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 income taxes...................




12

544
218
2 ,6 8 6

6

201

330
1,005
441
7,465 [

5,986
1,431
211

101

3,796
688

1,187

158
155
329
5,402
1,064
1,304

70

138
200

220

100

CORPORATION

128,217
27,266
5,780
65,615
682
7,685

INSURANCE

41,977
12,180
1,616
21,713
85
2,806

DEPOSIT

14,856
3,182
742
8,880
48
965

FEDERAL

Current operating earnings— total.............
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..................

18.154
18.154

11,911
10,066
1,845

1.940
1.940

16,195
15,563
633

2,099
2,040
58

3.641
3.641

909
909

639
639

2,550

8,535

22,932

30,771

18,159

5,525

25,031

3,251

8,641

1,139

1,644

1,256

3,922

13,682

11,637

6,916

1,725

10,487

1,391

2,825

432

598

12

1,245

26
3,895

18
13,665

11,436

40
6,876

52
1,673

54
10,434

15
1,375

3
2,822

432

598

1,294

4,613

9,250

19,134

11,243

3,801

14,543

1,860

5,816

707

1,046

31

160

28
384

7
925

17
258

9
180

518

132

180

31

61

Net profits after income taxes......................
Dividends and interest on capital— total. .
Dividends declared on preferred stock and
interest on capital notes and debentures. .
Cash dividends declared on common stock. .
Net additions to capital from profits.........
Memoranda
Recoveries credited to reserve accounts (not
included in recoveries above):

200

12

632

4
454

746
1,362

155

150
412

92

133

Average assets and liabilities1
Assets —total......................................................
Cash and due from banks...............................
United States Government obligations........
Other securities................................................
Loans and discounts........................................
All other assets.................................................

465,821
91,916
167,272
36,266
165,355
5,012

1,745,550
403,162
750,134
86,941
483,273
22,040

4,755,521
1,098,917
1,656,847
289,246
1,623,076
87,435

6,130,908
1,265,597
2,604,062
482,389
1,724,871
53,989

3,125,881
728,881
1,068,006
254,865
1,047,886
26,243

870,957
233,918
275,522
127,078
226,101
8,338

4,870,199
1,319,825
1,519,560
281,958
1,710,348
38,508

603,893
150,575
264,964
32,093
151,672
4,589

1,429,826
380,175
536,238
97,994
406,686
8,733

199,353
35,331
88,645
10,859
61,722
2,796

254,344
60,042
84,317
18,114
89,626
2,245

Liabilities and capital— total........................
Total deposits...................................................
Demand deposits...........................................
Time and savings deposits............................
Borrowings and other liabilities.....................
Total capital accounts....................................

465,821
421,480
247,U0
174,340
2,771
41,570

1,745,550
1,620,491
1,196,716
423,775
9,951
115,108

4,755,521
4,292,025
3,566,960
725,065
80,098
383,398

6,130,908
5,756,318
3,547,596
2,208,722
47,570
327,020

3,125,881
2,897,724
2,052,364
845,360
23,006
205,151

870,957
812,430
679,074
133,356
3,264
55,263

4,870,199
4,547,839
3,827,529
720,310
30,006
292,354

603,893
573,623
474,799
98,824
2,593
27,677

1,429,826
1,337,212
1,194,413
142,799
6,358
86,256

199,353
186,412
122,419
63,993
1,590
11,351

254,344
227,823
160,022
67,801
1,333
25,188

Number of active officers, December 31..........
Number of other employees, December 31. . . .

317
1,255

828
3,986

1,672
11,503

2 ,0 1 2

12,851

2,591
6,840

822
1,957

2,553
9,480

413
1,152

1,193
2,442

494

208
613

Number of banks, December 31........................

54

158

173

414

663

198

575

110

367

8

58

Note: Due to rounding, earnings data of State banks may not add precisely to the indicated totals.

2

111

BANKS

847
1,357

INSURED

403
2,218

O
F

54
222

DIVIDENDS

8

186

AD
N

On loans............................................................
Losses charged to reserve accounts (not in­
cluded in losses above):
On securities .
..................................
On loans............................................................

EXPENSES,

15,608
12,752
2,857

1.256
1.256

EARNINGS,

4.668
4.668

Taxes on net Income—total..........................
Federal..............................................................

1 Asset and liability items are averages of figures reported at beginning, middle, and end of year.
Back figures: See the Annual Report for 1950, pp. 262-271, and earlier reports.




C
O

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 i a l B a n k s , b y S t a t e , 1951— Continued
(Amounts in thousands of dollars)

Earnings or expense item

New
Jersey

New
York

New
Mexico

North
Carolina

North
Dakota

Ohio

South
Carolina

199
1,032
1,219

1,988
344
403

38,258

29,642
8,205
8,411

29,307
5,273
10,381

200,159
33,564
64,295

14,186
1,823
4,046

12,102
3,089
3,688

305
1,885
56
656

89
5,054
82
624

3,077
28,340
497
10,818

151
2,911
14
847

172
850

260

1,332
22,832
331
14,918

8
202

1,042
10,918

178
2,280

3,189
31,792

1,034
9,091

1 ,0 0 2

6,803

5,663
53,904

302
4,092

380
3,715

343,401

23,564

6,170

79,077

22,496

15,647

129,665

6,504

8,747

420

41,307

2,143

287

5,612

1,103

679

32,126

1,054

280

5
65

5,667
2,449
12,515

25
162
872

92
4
38

650
132
1,536

37

18

45

34

99

312

1,952
2,064
20,621

115

41

3,547
10,501
6,629

144
209
731

71
23
59

886

135

1,404
1,004

716
94
157

249

2,414
2,039
3,035

28
262
605

140

13,891

993

73,788

4,247

1,310

17,253

3,875

2,701

46,950

2,006

1,239

2,570
1,187

94

9,099
5,509

1,173
231

346
165

4,124

732
47

719

6,381
5,608

146
150

545
27

597
7,396
2,142

243
426
230

2,108
50,195
6,877

201

88

2,053
591

503
207

625
8,685
1,609

909
1,598
591

60
1,669
253

1,359
27,570
6,032

7
1,191
512

85
457
126

37,477

3,801

310,920

21,461

5,147

67,436

19,724

13,625

114,841

5,551

7,787

300
153
349

16,456
69,400
51,639

5,217
1,727
1,596

2,024
57
383

Current operating expenses—total.............
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 m oney. .
Taxes other than on net income....................
Recurring depreciation on banking house,
furniture and fixtures..................................
Other current operating expenses..................

97,763
15,070
29,498

7,666
1,665
2,401

484,607
72,587
195,620

36,621
8,363
10,006

8,233
2,341
1,960

132,851

66

369
4,632
134
1,159

1,104

5,636

3,278
34,239
3,873
18,556

101

611
19
423

3,372
24,451

223
2,257

7,966
148,488

Net current operating earnings...................

44,935

4,374

6,434
395
1 049
1,628

21

980
1,337
1,045

1,420
18,105
212

187
6

8

3,872
8,587
1 0 ,1 2 2

2 0 ,2 0 0

2 ,2 1 0

1 ,1 0 2

99
1

65

CORPORATION

4,485
23,497
17,763

1,857
4,748
5,310

52,138
10,425
2,695
30,914
147
3,585

INSURANCE

955
801
1,334

14,403
4,063
509
6,260
115
994

DEPOSIT

444
2,826

60,186
9,741
3,685
34,226
807
3,188

FEDERAL

20,848
4,343
1,177
10,935
40
1,620

828,008
172,529
48,393
428,511
7,488
33,594




Rhode
Island
20,690
5,554
464
11,339
9
875

12,040
2,223
239
7,891
186
700

Net profits before income taxes...................

Pennsylvania

329,825
78,424
27,853
165,304
1,467
11,032

142,698
38,901
10,493
71,798
474
9,118

Losses, charge-offs, and transfers to re­
serve accounts— total..............................
On securities:
Losses and charge-offs.................................
Transfers to reserve accounts....................
On loans:
Losses and charge-offs.................................
Transfers to reserve accounts....................
All other............................................................

Oregon

44,954
8,910
2,236
27,116
266
3,335

211,928
55,199
13,141
109,083
1,383
10,542

Current operating earnings-—total.............
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..................

Recoveries, transfers from reserve ac­
counts, and profits— total......................
On securities:
Recoveries.....................................................
Transfers from reserve accounts
Profits on securities sold or redeemed. . . .
On loans:
Recoveries.....................................................
Transfers from reserve accounts
All other............................................................

Oklahoma

Taxes on net income— total..........................
Federal..............................................................

11.204
11.204

1.507
1.507

133,476
120,890
12,586

8,735
8,323
411

1,816
1,729

24.220
24.220

8,156
7,506
650

86

5,268
4,239
1,029

42.938
42.938

2,502
2,268
234

3,033
2,787
245

2,294

177,444

12,726

3,332

43,217

11,568

8,357

71,904

3,049

4,755

9,334

816

109,718

4,008

1,263

15,472

4.485

3,055

36,286

1.505

1,670

1,083
8,251

1

10

3,998

4
1,259

106
15,366

1

815

1,198
108,520

4.485

3,053

65
36,221

1.505

7
1,663

Net additions to capital from profits.........

16,939

1,477

67,726

8,718

2,069

27,745

7,082

5,302

35,618

1,544

3,085

607

144

1,075
10,412

3
125

118

16
794

338

159

108
988

44

49

366
1,005

403

3,033
10,372

341
352

157

2,306
1,719

603

365

1,800
3,414

295

13
205

Average assets and liabilities1
Assets— total......................................................
Cash and due from banks..............................
United States Government obligations.........
Other securities................................................
Loans and discounts........................................
All other assets.................................................

5,265,561
923,983
2,212,889
541,971
1,514,225
72,493

392,189 36,579,843
120,280 9,372,392
135,045 11,157,479
12,826 2,547,789
120,277 12,936,431
3,761
565,752

2,056,075
530,537
595,337
212,984
692,981
24,236

483,867
88,146
237,701
28,823
126,379
2,818

8,556,184
1,884,084
3,392,572
681,984
2,509,500
88,044

1,879,453
568,803
621,089
148,195
525,151
16,215

1,521,545
318,797
507,549
128,325
544,528
22,346

12,098,325
2,579,163
4,392,996
1,229,805
3,743,134
153,227

770,350
134,635
332,056
24,427
265,691
13,541

751,332
207,839
269,494
62,237
205,661

392,189 36,579,843
369,314 32,532,415
318,871 28,221*,71*7
50,1*13 4,307,668
905 1,100,285
21,970 2,947,143

2,056,075
1,885,706
1,1*71,719
1*13,987
32,503
137,866

483,867
453,882
31*6,01*0
107,81*2
1,832
28,153

8,556,184
7,971,986
5,301,765
2,670,221
54,688
529,510

1,879,453
1,742,953
1,589,672
153,281
7,728
128,772

1,521,545
1,418,555
1,026,51*0
392,015
12,339
90,651

12,098,325
10,889,514
7,776,759
3,112,755
82,230
1,126,581

770,350
706,529
1*70,769
235,760
9,698
54,123

751,332
700,990
611,175
89,815
4,161
46,181

DIVIDENDS

Demand deposits...........................................
Time and savings deposits............................
Borrowings and other liabilities.....................
Total capital accounts....................................

5,265,561
4,889,397
2,81*2,906
2,01+6,1*91
31,217
344,947

Number of active officers, December 31..........
Number of other employees, December 3 1 ... .

2,198
12,028

284
1,072

7,106
65,197

1,350
4,391

487
966

3,192
15,324

1,529
3,702

906
3,953

5,030
24,958

269
2,041

571
1,649

Number of banks. December 31........................

314

51

610

224

145

649

374

68

944

11

134

211

Liabilities and capital— total........................
Total deposits.........................................

Back figures: See the Annual Report for 1950, pp. 262-271, and earlier reports.




BANKS

1 Asset and liability items are averages of figures reported at beginning, middle, and end of year.

INSURED

Note: Due to rounding, earnings data of State banks may not add precisely to the indicated totals.

6 ,1 0 1

O
F

On loans............................................................
Losses charged to reserve accounts (not in­
cluded in losses above):
On securities.
...
..............................
On loans............................................................

AD
N

Memoranda
Recoveries credited to reserve accounts (not
included in recoveries above):

EXPENSES,

26,274

Dividends and interest on capital— total. .
Dividends declared on preferred stock and
interest on capital notes and debentures. .
Cash dividends declared on common stock. .

EARNINGS,

Net profits after income taxes......................

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 , 1951— Continued

12
8

(Amounts in thousands of dollars)
Earnings or expense item

South
Dakota

Tennessee

Texas

Utah

Vermont

Virginia

Washington

West
Virginia

Wisconsin

Wyoming

19,576
3,453
572
12,294
380
1,033

10,057
1,656
516
6,748
54
522

66,270
12,986
2,504
41,206
538
3,491

63,526
10,948
4,337
37,473
502
5,466

29,398
7,924
1,074
16,562
231
1,145

81,499
24,254
4,751
41,576
475
4,460

8,220
1,811
287
4,797
70
551

1,719
54
444

2,341
1,140
2,230

5,050
3,066
10,768

688

442
714

134
160
269

1,518
2,284
1,745

1,675
1,381
1,744

581
748
1,134

1,817
1,193
2,973

263
49
394

Current operating expenses— total.............
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 m oney. .
Taxes other than on net income....................
Recurring depreciation on banking house,
furniture and fixtures..................................
Other current operating expenses..................

9,991
2,999
2,365

38,370
7,494
10,537

120,482
28,743
33,927

12,175
2,193
3,313

7,342
1,103
1,494

40,795

41,464
7,794
14,777

17,317
3,618
4,540

53,766
11,711
14,186

4,854
1,236
1,295

168
1,032
9
246

365
5,812
152
2,703

1,391
5,578
83
10,830

205
2,729
38
228

146
2,697
4
142

639
7,620
60

210

309
3,046
51
768

936
10,703
59
1,302

84
540

2 ,1 1 0

5,406
29
1,042

228

242
2,930

1,050
10,257

3,819
36,112

273
3,196

166
1,592

1,440
9,743

1,395
10,814

575
4,412

1,364
13,507

235
1,225

Net current operating earnings...................

6,867

25,141

83,910

7,401

2,715

25,475

22,062

12,081

27,733

3,367

233

1,958

6,530

291

276

1,244

669

881

2,005

241

35

92
761
402

475
70

32
1
68

62
39
265

17
96
216

68

1 ,0 0 1

19
3
67

125

137
70
1,114

16

250
77
377

2,035
440
2,509

146

92

56

114
29
31

429
141
310

140
29
172

278
59
351

244
46
395

136
24
57

1,100

6,482

21,041

1,171

571

3,711

6,255

1,463

6,694

580

160
49

1,629
105

3,462
509

274

129

1 ,1 1 1

347
8

1,463
397

189

272

2,090
932

101

638
152

332
3,201
1,215

3,584
9,730
3,756

233
296
369

310
44

228
1,514
586

171
2,611
451

204
434
470

203
3,901
731

194
114
83

5,999

20,617

69,400

6,521

2,421

23,008

16,478

11,500

23,045

3,029

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— total..............................
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 income taxes...................




38
66
2

2

88

8 ,2 2 1

10,963

12

7

CORPORATION

204,392
37,348
8,975
127,969
1,302
9,916

1 1 ,1 2 0

INSURANCE

3,226
41,168
351
1,936

63,511

DEPOSIT

16,857
3,822
610
8,879
74
1,256

FEDERAL

Current operating earnings— total.............
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..................

2,080

Net profits after in com e taxes......................
Dividends and interest on capital— t o ta l. .
Dividends declared on preferred stock and
interest on capital notes and debentures. .
Cash dividends declared on common stock. .

7,675
147

27.579

2,818

649

2,669
149

566
82

9.092

3,918

12,795

41,821

3,703

1,772

13,916

1,357

5,170

18,167

1,533

707

5,601

4
1,353

11

21

8

5,159

18,147

1,525

137
571

44
5,557

Net additions to capital from p rofits.........

2,561

7,625

23,654

2,171

1,066

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

82

220

84
1,330

80

237

784

96
6,505

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

538,434

2,227,698

113,475
230,516
30,942
159,373
4,128

595,882
649,358
148,258
809,076
25,124

2,530,332
2,267,732
397,595
2,582,994
1 1 0 ,8 8 8

155,694
218,905
28,986
238,682
5,576

L iabilities and capital— t o ta l........................
Total deposits...................................................
Demand deposits...........................................
Time and savings deposits...........................
Borrowings and other liabilities....................
Total capital accounts....................................

538,434

503,944
1+12,061+
91,880
2,109
32,381

2,227,698

2,072,301
1,606,21+1
1+66,060
14,057
141,340

7.889,541

647,843

Number of active officers, December 31..........
Number of other employees, December 3 1 ... .

628
1,131

Number of banks, December 31........................

169

1,946
135

7,822

27.579

1.123

1.123

7,089

16,071

1,906

4,187

2,567

5,645

528

2

8

4,184

2,560

138
5,507

7
523

8,315

6,972

4,522

10,426

1,378

5
105

1

2

336

335

119

372

153

90

15
174

312
766

852
942

9
287

49
816

174

647,843

290,793

2,235,712

2,156,399

1,053,648

3,352,209

47,861
84,804
24,466
130,730
2,932

290,793

536,463
762,911
115,605
792,250
28,483

2,235,712

525,403
663,823
205,098
737,295
24,780
2,156,399

2,017,376
1,1+97,031+
520,31+2
11,205
127,818

1,442
4,843

4,608
14,304

333
1,427

247
678

1,562
5,130

291

870

54

68

315

1 Asset and liability items are averages of figures reported at beginning, middle, and end of year.

1,053,648

3,352,209

293,830

961,328
703,098
258,230
5,850
86,470

3,135,180
1,901,093
1,231+,087
9,772
207,257

275,793
227,1+91+
1+8,299
1,229
16,808

1,115
5,509

649
1,950

2,080
6,049

232
520

114

177

545

52

BANKS

2,055,717
1,1+03,858
651,859
16,244
163,751

293,830
82,019
114,369
13,659
81,542
2,241

INSURED

260,426
105,191+
155,232
1,499
28,868

708,609
1,425,046
254,149
935,618
28,787

O
F

604,115
1+18,618
185,1+97
4,368
39,360

255,458
438,839
52,423
295,309
11,619

DIVIDENDS

11,159

N ote: Due to rounding, earnings data of State banks may not add precisely to the indicated totals.




6,974

6,776
197

7,379,284
6,692,309
686,975
44,121
466,136

Back figures: See the Annual Report for 1950, pp. 262-271, and earlier reports.

4.410

4.410

5.319

AD
N

7,889,541

5.319

EXPENSES,

2

9.092

EARNINGS.

Taxes on net in co m e —t o ta l..........................
Federal..............................................................
State..................................................................

Table 118.

I n c o m e , E x p e n s e s , a n d D i v i d 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 ,

1951

(Amounts in thousands of dollars)
00

Sources and disposition of income

Non-recurring expense, realized losses charged to profit and loss, and
transfers to valuation adjustment provisions— total......................
Non-recurring expense.....................................................................................
Realized losses (see memoranda) 2 ...................................................................
Transfers to valuation adjustment provisions1 (see memoranda)..............
Net additions to total surplus accounts from operations....................

1 Includes “ Valuation reserves" and “ Other asset valuation provisions (direct write-downs)."
2 Total realized losses for the year were $35,495,000, of which a portion was charged to valuation
3 Asset and liability items are averages of figures reported at beginning, middle, and end of year.

95,551
11,968
80,676
373
2,534

74,104
52,574
18,580
37
2,913

824
445
274

9,832
9,175
255
294
108

105

20
200

16.694.810
662,190
7,292,576
1,662,971
6,764,780
79,331
3,386
229,576
16.694.810
15,000,933
14,982,411
18,522
80,463
1,613,414
1,714
11,530

adjustment provisions (see memoranda).

Back figures: Data for prior years, which however are not comparable with figures for 1951, may be found in the following Annual Reports: 1950, pp. 272-273; and 1941, p. 173.




CORPORATION

Non-recurring income, realized profits and recoveries credited to profit
and loss, and transfers from valuation adjustment provisions— total
Non-recurring income........................................................................................
Realized profits and recoveries (see memoranda)..........................................
Transfers from valuation adjustment provisions1 (see memoranda)...........

25,663
25,264
179

INSURANCE

Net current operating income........................................................................
State franchise or income tax........................................................................
Net current operating income after taxes...................................................
Dividends and interest on deposits...............................................................
Net current operating income after taxes and dividends......................

12,194
8,567
484
300
2,843

rt*.

DEPOSIT

Current operating expense— total.................................................................
Salaries— officers................................................................................................
Salaries and wages—employees........................................................................
Pension, hospitalization and group insurance payments, and other employee
benefits............................................................................................................
Fees paid to trustees and committee members..............................................
Occupancy, maintenance, etc. of bank premises (including taxes and re­
curring depreciation)—net............................................................................
Occupancy, maintenance, etc. of bank premises (including taxes and re­
curring depreciation)—gross.......................................................................
Less: Income from bank building...................................................................
Deposit insurance assessments.........................................................................
Furniture and fixtures (including recurring depreciation)............................
All other current operating expense.................................................................

513,817
171,169
49,630
279,405
291,790
6.051 Realized profits and recoveries credited, or realized
losses charged, to profit and loss—total...................
6,334
Securities sold or matured.....................................................
3,878
Real estate mortgage loans...................................................
163
Other real estate.....................................................................
699
All other assets........................................................................
536
5.052 Transfers from (or to) valuation adjustment pro­
visions1
—total...................................................................
4,520
Securities..................................................................................
Real estate mortgage loans....................................................
106,654
Other real estate.....................................................................
18,030
All other assets........................................................................
37,707
Recoveries credited (or realized losses charged) to
valuation adjustment provisions1 (not included
8,939
in recoveries or losses above)— total...........................
1,872
Securities..................................................................................
11,589
Real estate mortgage loans....................................................
Other real estate.....................................................................
All other assets........................................................................
18,248
6,659
5,907
2,280
Average assets and liabilities3
20,330
Assets— total..................................................
Cash and due from banks..........................
407,163
United States Government obligations. . . .
6,094
401,069
Other securities............................................
Real estate mortgage loans........................
282,235
Other loans and discounts..........................
118,834
Other real estate..........................................
All other assets............................................
128,790 Liabilities and surplus accounts— total.
21,045
Total deposits..............................................
Savings and time deposits........................
12,194
Demand deposits.......................................
95,551
Other liabilities............................................
Total surplus accounts................................
124,491
24,724 Number of active officers, December 3 1 ...
25,663 Number of other employees, December 31.
74,104
123,133 Number of banks, December 31.

Realized
losses and
transfers to
valuation
adjustment
provisions

FEDERAL

Current operating income— total................................. ..
Interest on U. S. Government obligations............................
Interest and dividends on other securities.............................
Interest and discount on real estate mortgage loans— net. .
Interest and discount on real estate mortgage loans— gross.
Less: Mortgage servicing fees.................................................
Premium amortization.................................................
Interest and discount on other loans and discounts—net...
Income on real estate other than bank building— net.........
Income on real estate other than bank building— gross........
Less: Operating expense.........................................................
Income on other assets.............................................................
Income from service operations..............................................

Memoranda— realized profits and recoveries,
realized losses, and valuation adjustment
provisions1

Realized
profits and
recoveries,
and transfers
from valuation
adjustment
provisions

T a b le 119.

R a t i o s o f I n c o m e , E x p e n s e s , a n d D i v i d 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 , 1951

1.88

7.63

3.08 Liabilities and surplus accounts—total.
.64
2.44
Total deposits..............................................
Savings and time deposits........................
.04
Demand deposits.......................................
2.40
Other liabilities............................................
1.69
Total surplus accounts...............................
.71

100.00

.02

100.00

89.85
89.7U

INSURED

Average assets and liabilities1
2.26
1.15
Assets—total...............................................
.44
3.96
Cash and due from banks......................
United States Government obligations.
79.24
Other securities........................................
1.18
Real estate mortgage loans....................
78.06
54.93
Other loans and discounts......................
Other real estate......................................
23.13
All other assets........................................

O
F

3.97
43.68
9.96
40.52
.48
1.37

.11

.48
9.67

.77
.74 Number of banks, December 31.
.74

202

BANKS




4.89

1.74

Asset and liability items are averages of figures reported at beginning, middle, and end of year.
Includes “ Valuation reserves” and “ Other asset valuation provisions (direct write-downs).”
Back figures: Data for prior years, which however are not comparable with figures for 1951, may be found in the 1950 Annual Report, pp. 274-275.
1
2

4.13

DIVIDENDS

Amounts per $100 of total assets1
Current operating income— total............................................................................
Current operating expense— total......................... .................................................
Net current operating income................................! ...............................................
State franchise or income tax..................................................................................
Net current operating income after taxes..............................................................
Dividends and interest on deposits.........................................................................
Net current operating income after taxes and dividends.....................................
Non-recurring income, realized profits and recoveries credited to profit and
loss, and transfers from valuation adjustment provisions2 total.................
—
Non-recurring expense, realized losses charged to profit and loss, and transfers
to valuation adjustment provisions2 total.......................................................
—
Net additions to total surplus accounts from operations.....................................

20.76
3.51
7.34

$2.35
2.98

AND

Net current operating income................................................
State franchise or income tax.................................................
Net current operating income after taxes...........................
Dividends and interest on deposits.......................................
Net current operating income after taxes and dividends.

33.31
9.66
54.38
.75
1.02
.88

Special ratios1
Interest on U. S. Government obligations per $100 of U. S. Government
obligations....................................................................................... . ....................
Interest and dividends on other securities per $100 of other securities..............
Interest and discount on real estate mortgage loans per $100 of real estate
mortgage loans.......................................................................................................
Interest and discount on other loans and discounts per $100 of other loans
and discounts.........................................................................................................
Dividends and interest on deposits per $100 of savings and time deposits. . . .
Net additions to total surplus accounts from operations per $100 of total
surplus accounts.....................................................................................................

EXPENSES,

Current operating expense— total....................................................................
Salaries-—officers....................................................................................................
Salaries and wages—employees...........................................................................
Pension, hospitalization and group insurance payments, and other em­
ployee benefits...................................................................................................
Fees paid to trustees and committee members.................................................
Occupancy, maintenance, etc. of bank premises (including taxes and re­
curring depreciation)—net...............................................................................
Deposit insurance assessments............................................................................
Furniture and fixtures (including recurring depreciation)...............................
All other current operating expense....................................................................

$ 100.00

EARNINGS,

Amounts per $100 of current operating income
Current operating income—total.......................................
Interest on U. S. Government obligations..........................
Interest and dividends on other securities..........................
Interest and discount on real estate mortgage loans—net.
Interest and discount on other loans and discounts—net. .
Income on other assets...........................................................
Income from service operations............................................

i—
i

00

C71

D

e p o s it

Insurance D

isb u r s e m e n t s

Table 120, Disbursements, deposits, and depositors in insured banks financially aided by the
Federal Deposit Insurance Corporation, 1934-1951
Banks grouped by class of bank, year of aid, amount of deposits, and State
Table 121. Assets and liabilities of insured banks placed in receivership and of insured banks
absorbed with the financial aid of the Federal Deposit Insurance Corporation,
1934-1951
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 absorbed with the financial aid of the Corporation
during 1951
Table 123. Recoveries and losses by the Federal Deposit Insurance Corporation in connection
with insured banks financially aided by the Corporation, 1934-1951
As shown by books of FDIC, December 31, 1951







Three noninsured banks failed in 1950. The name and location of
these banks and their deposits and date of closing are given below.
Corbin State Bank, Corbin, Kansas, February 1951, deposits $165,000.
The Commercial Bank of Tolfree, Livingston and Company, West
Branch, Mich., July 1951, deposits $1,600,000.
Bank of Pickford, Pickford, Mich., October 1951, deposits $924,000.
For suspensions of noninsured banks in previous years, see the
Annual Reports of the Corporation as follows: 1943, p. 102; 1946,
p. 167; 1947, p. 159; 1949, p. 187; and 1950, p. 277.
Sources o f data
Insured banks; books of bank at date of closing; and books of FD IC,
December 31, 1951; noninsured banks, news reports.

DISBURSEMENTS

Deposits of insured banks placed in receivership as given in Table
120 are taken from the books of F D IC at the end of the year and 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.

N oninsured bank failures

INSURANCE

Detailed data for insured banks placed in receivership are omitted
since there has been no receivership since 1944. For such data, see
the Annual Reports of the Corporation for 1946, pages 167 and 171,
and 1950, page 280.

Details of the absorptions during 1951 are given in Table 122. The
disbursements by the Corporation were made to purchase assets from
r
the selling banks which were not acceptable to the purchasing banks.

DEPOSIT

D isbu rsem en ts by th e Federal Deposit Insurance Corporation
to protect depositors have been made when insured banks because of
financial difficulties are placed in receivership or are absorbed with the
aid of the Corporation. In receiverships the disbursement is the amount
pai(J by the Corporation on insured deposits. In absorptions the Corpora­
tion’s disbursement is the amount loaned to absorbed banks, or the
price paid for assets purchased from them.

oo

T a ble 120.

D i s b u r s e m e n t s , D e p o s i t s , a n d D e p o s i t o r s i n I n s u r e d B a n k s F i n a n c i a l l y A id e d b y
t h e F e d e r a l D e p o s i t I n s u r a n c e C o r p o r a t i o n , 1934-1951

BANKS GROUPED BY CLASS OF BANK, YEAR OF AID, AMOUNT OF DEPOSITS, AND STATE
Disbursements by FDIC
(in thousands of dollars)

Deposits
(in thousands of dollars) 1

Number of banks

Number of depositors1

Classification
Total

Absorp­
tions

Receiver­
ships

Total

27
25
24
28

43
15

19

2,865
6,744
7,119
21,387
41,583

1940.........................................
1941.........................................
1942 .......................................
1943.........................................
1944.........................................
1945

74,447
23,930
11,154
7,250
1,519
1,874

4,895
12,278
1,612
5,500
404

69,552
11,652
9,542
1,750
1,115
1,874

1946
1947
1948
1949
1950
1951

20

8
6

5

4

2
1

1

24
7
14
1
1
1

1,968
9,091
11,241
14,960
10,296
32,738

4,229
16,287
18,385
49,428
125,039

15,767
44,655
89,024
130,409
203,970
392,723

15,767
32,331
43,225
74,148
44,288
90,169

12,324
45,799
56,261
159,682
302,554

5,657
14,730
1,816
6,637
456

136,732
14,991
17,195
5,898
1,459
5,695

256,373
73,046
60,602
27,372
5,488
12,484

20,667
38,594
5,717
16,917
899

235,706
34,452
54,885
10,455
4,589
12,484

316
6,966
10,455
4,977
5,467
3,408

1,404
10,618
18,311
5,660
6,224
5,276

1,404
10,618
18,311
5,660
6,224
5,276

292
1,777
3,027
2,558
3,986
1,884

292
1,777
3,027
2,558
3,986
1,884

1

1

5
3
4
4

5
3
4
4

2

2

316
6,966
10,455
4,977
5,467
3,408

36

23
23
24

6,358
17,759
21,409

4,947
13,920
12,462

1,411
3,839
8,947

38,064
83,379
90,910

29,695
65,512
56,777

8,369
17,867
34,133

24
9
5

31
33
22

41,358
61,185
83,918

17,590
11,748
16,279

23,768
49,437
67,639

144,613
191,807
219,423

63,487
54,324
51,756

81,126
137,483
167,667

2

10
2

65,407
79,755
159,368

32,644

65,407
47,111
159,368

170,850
148,031
272,329

61,171

170,850
86,860
272,329

Banks w ith deposits o f—
$ 1 0 0 , 0 0 0 or less......................
$100,000 to $250,000.............
$250,000 to $500,000.............

4,946
12,909
15,211

4,308
11,554
10,223

638
1,355
4,988

106
109
60

$500,000 to $1,000,000..........
$1 ,0 0 0 , 0 0 0 to $2 ,0 0 0 , 0 0 0 ___
$2,000,000 to $5,000,000___

26,997
31,898
45,547

13,901
8,961
12,421

13,096
22,937
33,126

55
42
27

$ 5 ,0 0 0 , 0 0 0 to $1 0 ,0 0 0 ,0 0 0 .
$10,000,000 to $25,000,000.’ !
$25,000,000 to $50,000,000. .

23,680
40,910
73,653

23,680
15,234
73,653

10

25,676




1

456,365

4
4

83
86

4

CORPORATION

941
6,025
8,056
12,044
9,092
26,197

244,498

INSURANCE

9
24
42
50
50
32

941
8,890
14,800
19,163
30,479
67,780

700,863

109,590

DEPOSIT

9
25
69
75
74
60

Year
1934
1935 .....................................
1936.........................................
1937.........................................
1938.........................................
1939.........................................

285,643

173,525

142,389
29,721
19,011
12,535
1,915
5,695

237,104

69,707

234,676

82,818

1,968
13,320
27,528
33,345
59,724
157,777

104

51,302

55,406

368,461

63,579

218

121,009

290,082

92,330

322

22

Absorp­
tions2
976,684

161,072

187,609

73

80,342

Receiver­
ships
382,722

19,474

111,804

16

38,658

Total

26,537

52

6

14,808
20,934

Absorp­
tions

1,359,406

21

53,466
101,276

Class o f bank
National banks.......................
State banks members F. R.
System.................................
Banks not members F. R.
System.................................

245

Receiver­
ships

426,927

536,517

188,707

275,751

Total

172

417

87,044

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

Absorp­
tions

FEDERAL

Receiver­
ships

Florida.....................................
Georgia....................................
Illinois.....................................
Indiana....................................
Iowa.........................................

300
863
4,014
6,207
1,456

203
846
1,242
3,096
385

97
17
2,772
3,111
1,071

16

6

20
6

15
3

Kansas.....................................
Kentucky................................
Louisiana.................................
Maryland................................
Massachusetts........................

975
4,594

482
3,329

493
1,265

9
22

668

668

5
18
3

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

6,308
640
257
4,981
639

139
640
257
4,335
186

Nebraska.................................
New Hampshire.....................
New Jersey.............................
New York...............................
North Carolina.......................

469
118
80,929
67,781
2,387

25,103
10,835
1,156

North Dakota.........................
Ohio.........................................
Oklahoma................................
Oregon.....................................
Pennsylvania..........................

2,659
1,874
2,444
962
51,339

10,133

1,262
264
1,311
962
41,206

South Carolina.......................
South Dakota.........................
Tennessee................................
Texas.......................................
Vermont..................................

298
2,411
1,278
2,761
3,445

136
2,388
1,164
2,468
3,259

162
23
114
293
186

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

5,040
935
1,458
7,197

511

4,529
935

1
8

3,109
1 ,564

2
1
1
2

735 ........2,374
1,564
6,169

1,397
1,610
1,133

1,458
5,096

202

5

2
8

3
5

529
101
1,168
1,168
1,078
8 .............. 8
1,526
1,526

1

5
1
2
1

1

1
10

7

5
3

4
4

2

2
8

3
5
3
34
3

646
453

5
3
46
5

118
55,826
56,946
1,231

38
25
7

11
2

5

29
3

18

11

2

1

8
1

5

3

28

8

20

2

1
22
8

469

Data from books of FDIC, December 31, 1951.
Number of deposit accounts.




143
861

2 ,1 0 1
202

4

12

2

4

1

23
12

1

27

3

22

1

1
1

4

18
3

16
2

2
1

8
1

3

5

3
31

3

1

20

1
’

11
1

428
1,078

3,231
3,529
3,169

794
3,529

2,437
3,169

5,379

............1 0
5,379

274
29
7,925
9,304
5,018

1,642
8,094
20,034
30,011
13,666

448
7,773
5,372
12,549
1,676

1,194
321
14,662
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

13,531
818
334
7,149
1,007

160
818
334
5,116
215

928
2,650
1,651
26,760
849

30,621

2,033
792

31,549
2,650
1,651
34,929
1,488

538
296
192,431
138,826
3,266

30,915
13,286
1,421

296
161,516
125,540
1,845

2,224
1,781
520,384
259,905
10,409

101,614
28,440
3,677

2,278
742
2,492
1,114
60,020

14,109
8,541
10,564
2,105
164,537

43,828

7,349
956
4,690
2,105
120,709

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

26,063
2,964
4,181
8,346 ........8,346
26,896
18,739
3,197

23,099
4,181

491
1,027
9,562
13,236
5,516
1,233
7,951
1,652
4,569
3,019

10

217
998
1,637
3,932
498

538

3,830
3,087
4,151
1,114
74,360

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

13,371

1,552
2,345
1,659

629
2,006
5,966

686

350

••

10,117
1,538
3,537
1,991

2,224

6,760
7,585
5,874

15,926
9,062

8,169
639
1,781
418,770
231,465
6,732

D ISBU RSEM EN TS

8

1,242

94
841

INSURANCE

8

1,242

237
841
861

DEPOSIT

State
Alabama..................................
Arkansas.................................
California................................
Colorado.................................
Connecticut............................

8,157
3,197

00
CD

o

T able 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 l a 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 A b s o r b 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 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 , 1934-1951
AS SHOWN BY BOOKS OF B ANK AT DATE OF CLOSING

Year

U. S. Gov­
ernment
obligations

Other
securities

Loans,
discounts,
and
overdrafts

Banking
house,
furniture &
fixtures

Other

Other
real
estate

Total

Total
deposits

Other
liabilities

R. F. C.
capital

Private
capital
stock

Other
capital
accounts1

$122,829,688 $81,232,381 $74,374,358 $240,015,425 $22,533,522 $59,563,796 $13,645,183 $614,194,353 $534,301,281 $11,684,307 $25,155,114 $38,401,611 $4,652,040

RECEIVERSHIPS2
Total | $22,620,382 $10,154,078 $15,946,562

$65,569,217

$5,375,616 $12,293,686

608,467
1,277,605
562,181
2,873,257
5,142,882
4,553,388
798,028
759,861
274,331

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

1940
1941
1942
1943
1944
1945

30,227,874
3,167,243
4,159,617
1,216,987
368,633
2,440,786

17,183,076
801,273
3,547,766
2,903,771
585,251
1,371,925

17,987,527
2,835,309
2,275,392
555,383
230,282
55,504

60,687,428
8.178.623
7,731,137
1,675,734
367,086
2,435,488

1946
1947
1948
1949
1950
1951

126,764
2,769,014
6,864,201
2,616,025
1,548,158
886,937

114,326
2,201,186
1,013,657
647,349
335,163
625,657

30,236
318,322
178,720
217,903
89,643
6,450

77,049
1,452,370
2,015,414
1,336,785
1.965.624
1,484,869

1 Includes surplus,
2 No insured bank

2,369
56,630
112,200

61,705
40,500
34,502

$5,314,676 $473,904,305 $426,926,717

$5,896,246 $12,254,299 $4,642,916

$1,562,284 $19,258,868 $26,147,312 $

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

310,000
609,200
3,726,463
6,103,500

22,840,095
1,014,582
1,824,586
15,844
67,428
4,609

458,831
197,669
354.362
34,523
32,108
83,603

153,938,219
16,992,727
20,652,721
6,676,573
1,650,788
6,391,915

136,731,549
14,990,768
17,195,146
5,897,691
1,459,091
5,695,202

157,766
57,508
584

7,186,655
289,000
913,400
96,000

425
215
156,808
5,853
26,030
11,493

351,169
6,797,738
10,360,196
4,885,620
4,005,118
3,049,908

316,402
6,965,742
10,454,520
4,977,235
5,466,946
3,408,095

1

19,196

5,959
200,915
8,659

15,000
9,650

undivided profits, and reserve funds minus operating deficit, if any, as shown by books. Minus (-) indicates net operating deficit.
has been placed in receivership since 1944. For data by years see the Annual Report of the Corporation for 1950, p. 280.




9,124

315.000
1.664.000
1,808,400
2,697,650
6.381.000

373,772
685,333
21,006
-428,459
-614,475

8,666,162
1,111,250
1,748,200
300.000
200.000
331.500

1,196,087
544,201
795,391
382,882
-8,303
365,213

10,000
24,767
-365,504
197.500
-469,324
375,000
-255,074
142.500
114,150 -1,786,543
-451,846
85,000

CORPORATION

2,256,417
8,917,554
8,678,629
20,896,236
44,289,765

1,403,807
2,080,059
3,520,186
10,377,037
16,266,036

$8,330,507 $140,290,048 $107,374,564 $10,122,023

INSURANCE

ABSORPTIONS
Total $100,209,306 $71,078,303 $58,427,796 $174,446,208 $17,157,906 $47,270,110

DEPOSIT

Total

Cash and
due from
banks

FEDERAL

Liabilities and capital accounts

Assets

T a b le

1 2 2

.

N a m e , L o c a t i o n , 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 D is b u r s e m e n t , a n d 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 A b s o r b 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 t i o n D u r i n g 1951
Disbursement

Name and location

Number of
accounts1

Class of bank

Brazeau Bank,
Brazeau, Missouri

State bank not
member F. R. System

172

The Parnassus National Bank,
New Kensington, Pennsylvania

National bank

367
4,909

Amount2

January 22, 1951
August 25, 1951

$65,349
$1,818,692

Assets

Total
171
172

Cash and
due from
banks

$886,937
85,324
801,613

U. S. Gov­
ernment
obligations

$625,657
15,000
610,657

Other
securities

$6,450
6,450

Loans,
discounts,
and
overdrafts

$1,484,869
44,080
1,440,789

Mellon National Bank and Trust Co.
of Pittsburgh,
Pittsburgh, Pennsylvania
Liabilities and capital accounts

Banking
house,
furniture &
fixtures

$34,502

2

34,500

Other
real
estate

Other

$11,493
11,493

Total

$3,049,908
144,406
2,905,502

Total
deposits3

$3,408,095
147,862
3,260,233

Other
liabilities

$8,659
310
8,349

E. F. C.
capital

Private
capital
stock

$85,000
10,000
75,000

Other
capital
accounts4

$-451,846
-13,766
-438,080

Number of accounts as of December 31, 1951, from books of FDIC.
As of December 31, 1951; does not include preliminary and field liquidation expenses or advances for the protection of assets incident to the transaction.
As determined by FDIC agents after adjustment of books of bank for liabilities discovered subsequent to closing.
Includes surplus, undivided profits, and reserve funds minus operating deficit, if any, after adjustment for liabilities discovered subsequent to closing. Minus (-) indicates net
operating deficit.
1
2
3
4




DISBU RSEM EN TS

Case
number

Bank of Perry ville,
Perryville, Missouri

INSURANCE

171

Absorbing bank
Date

DEPOSIT

Case
number

T able 123.

R e c o v e r ie s an d L o sse s by t h 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 in C o n n e c tio n w ith
I n s u r e d B a n k s F in a n c ia lly A ided b y t h e C o r p o r a tio n , 1934-1951
AS SHOWN BY BOOKS OF FDIC, DECEMBER 31, 1951
(Amounts in thousands of dollars)

Re­
Estimated coveries Estimated
Estimated
FDIC
to
disburse­ December additional
recoveries
ment
31, 1951

Number
of
banks

FDIC
disburse­
ment

Re­
coveries

Losses

Number
of
banks

Re­
Estimated coveries Estimated
FDIC
additional Estimated
to
disburse­ December recoveries
ment
31, 1951

246,822

1,905

27,024

245

87,044

72,866

14,178

172

188,707

173,956

1.905

12,846

7
410

6,375
269,376

3,013
243,809

1,905

1,457
25,567

87,044

72,866

14,178

7
165

6,375
182,332

3,013
170,943

1.905

245

1,457
11,389

Year
193 4
193 5
193 6
193 7
193 8
193 9

941
8,890
14,800
19,163
30,479
67,780

734
6,160
12,388
15,609
28,047
60,564

207
2,730
2,412
3,554
2,432
7,216

941
6,025
8,056
12,044
9,092
26,197

734
4,274
6,596
9,517
7,908
20,399

207
1,751
1,460
2,527
1,184
5,798

1

27
25
24
28

2,865
6,744
7,119
21,387
41,583

1,886
5,792
6,092
20,139
40,165

979
952
1,027
1,248
1,418

194
194
194
194
194
194

0
1
2
3
4

70,281
23,317
10,468
7,126
1,479
1,874

4,166
613
686
124
40

4,895
12,278
1,612
5,500
404

4,313
12,065
1,320
5,376
364

582
213
292
124
40

69,552
11,652
9,542
1,750
1,115
1,874

65,968
11,252
9,148
1,750
1,115
1,874

3,584
400
394

5

74,447
23,930
11,154
7,250
1,519
1,874

194
194
194
194
195
195

6
7
8
9
0
1

292
1,777
3,027
2,558
3,986
1,884

292
1,399
2,384
2,181
1,988
531

292
1,777
3,027
2,558
3,986
1,884

292
1,399
2,384
2,181
1,988
531

24
7
14
1
1
1
1

239
598
1,068

139
643
377
1,400
285

5
3
4
4

2

239
598
1,068

139
643
377
1,400
285

CORPORATION

275,751

INSURANCE

417

Status
Active........
Terminated

DEPOSIT

Total.............

FEDERAL

Number
of
banks

Absorptions

Receiverships

All banks
Liquidation status
and year of
receivership or
absorption

1
Sum of losses in the cases in which the disbursement by the Corporation to protect depositors was not paid 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 liquidations. Does include net loss of funds in certain cases where Corporation
both made a loan to and purchased certain assets from a bank.







INDEX




I

n d e x

Absorptions:
Of insured banks with financial aid of the Corporation. {See Banks in
financial difficulties):
Of operating banks, 1951............................................................................................. 128-129
Accounts in insured banks:
Average size, special call dates, 1936 to 1951.......................................................... 74-76
Fully and partially protected by insurance. See Deposit insurance coverage.
Number, in all insured banks, September 19, 1951:
By FD IC district and State................................................................................... 78-79
By size of bank, by population of center, and by class of bank........... 61, 80-81
By type of account...............................................................................................61, 75, 81
Difference from number of depositors.................................................................
60
In banks grouped by percentage of deposits insured..................................... 61, 81
In cities with population over 500,000, by city............................................... 80-81
Percent distribution of banks grouped by size, percent of deposits insured,
population of center, and class; and accounts grouped by type...........
65
Number, in all insured banks, by type of account and per 100 population,
special call dates, 1936 to 1951....................................................................... 74, 75
Number and percent distribution, insured commercial banks, September
19, 1951:
By class of bank and size of account...................................................................
85
By population of center and size of account.....................................................
84
By size of account in each State and FD IC district...................................... 82-83
By size of bank and size of account.....................................................................
84
By type and size of account...................................................................................
85
In banks grouped by percentage of deposits insured, by size of account. .
85
Number and percent distribution, insured mutual savings banks, September
19, 1951:
By population of center and size of account.....................................................
103
By size of account in each State and FD IC district......................................
102
By size of bank and size of account.....................................................................
103
By type and size of account...................................................................................
103
In banks grouped by percentage of deposits insured, by size of account. .
103
Number and percent distribution, individual, partnership, and corporation
accounts, insured commercial banks, September 19, 1951:
Demand, by size of account in each State and FD IC district................... 86-87
Demand, by size of bank and size of account..................................................
90
Savings and time, by size of account in each State and FD IC district. . 88-89
Savings and time, by size of bank and size of account.................................
91
Admission of banks to insurance:
Applications approved..............................................................................................17-18, 128
B y class of bank, 1951.................................................................................................. 128-129
Appraised value of assets. See Assets and liabilities of operating banks, ex­
aminers’ appraisal.
Assessment on insured banks for deposit insurance. See Federal Deposit In­
surance Corporation.
Assets and liabilities of closed banks. See Banks in financial difficulties.
Assets and liabilities of operating banks (See also Capital of banks; Deposits;
Loans by banks; Securities):
All banks:
Amount and percentage distribution, by type, December, 1945-1951. . 31-32
By FD IC district and State, December 31, 1951......................................... 146-147
In banks grouped according to insurance status and type of bank,
June 30 and December 31, 1951...................................................................142-145
Percentage composition, December 1945 and 1951........................................
32
Commercial banks, June 30 and December 31, 1951......................................... 142-145




195

196

FEDERAL DEPOSIT INSURANCE CORPORATION
Page

Assets and liabilities of operating banks:— Continued
Examiners’ appraisal, insured commercial banks:
Banks examined in 1942-1951...................................................................... 35, 154-155
Banks examined in 1951, grouped by amount of deposits.........................156-157
Banks examined in 1951, grouped by FD IC district and State...............158-159
Definitions of terms: adjusted liabilities; appraised value; book value;
examiners’ deductions; assets not criticized; substandard assets........
153
Sources of data............................................................................................................
153
Substandard assets........................................................................................... 35, 154-159
Insured banks, December 30, 1950, June 30 and December 31, 1951..........148-151
Insured commercial banks:
Amount by type, December, 1945-1951..............................................................
34
Amount, December 30, 1950, June 30 and December 31, 1951.142-145, 148-151
Averages, by State, class of bank, and size of bank, 1951.........................
..................................................................................167, 171, 175, 177, 179, 181, 183
Averages of principal components, 1943-1951..................................................
163
Reports o f...................................................................................................................... 18-19
Insured mutual savings banks:
Amount, December 30, 1950, June 30 and December 31, 1951............... 148-151
Amount, June 30 and December 31, 1951....................................................... 142-145
Averages of principal components, 1951.............................................................
184
Mutual savings banks:
Amount, by type, December, 1945-1951............................................................
53
Amount, June 30 and December 31, 1951....................................................... 142-145
Noninsured banks, June 30 and December 31, 1951.......................................... 142-145
Sources of data...................................................................................................................
141
Assets and liabilities of the Federal Deposit Insurance Corporation........... 19-23, 27
Assets of insured banks, quality of. See Assets and liabilities of operating banks,
examiners’ appraisal.
Assets pledged to secure bank obligations................................................ ......................

151

Assets purchased by the Federal Deposit Insurance Corporation:
From banks absorbed with financial aid of the Corporation. See Banks in
financial difficulties.
From banks in receivership........................................................................ .9-13 , 20, 21, 27
Liquidation o f. . . ............................................................................................12-14, 20, 21, 27
Audits. See Federal Deposit Insurance Corporation.
Bank supervision {See also Examination of insured banks):
Activities of the Federal Deposit Insurance Corporation................................... 14-19
State legislation, 1951....................................................................................................119-123
Banking offices, establishment of:
Banks beginning operations, 1951...............................................................................
Branches, establishment approved by Corporation...............................................
Branches opened, 1951....................................................................................................

128
18
129

Banking offices, number of. See Number of operating banks and branches.
Banking practices. See Unsafe and unsound banking practices.
Banks, average size, historically.........................................................................................

74

Banks and branches ceasing operations:
All banks and branches, 1951.....................................................................................128-129
Branches of insured banks, 1951..................................................................................
129
Insured banks, 1951...................................................................................................... 128, 191
Noninsured banks, 1951............................................................................................... 128, 187
Banks in financial difficulties:
Absorptions of insured banks with financial aid of the Corporation:
Assets and liabilities at date of absorption, by years, 1934-1951. .. .190-191
Banks cited for unsafe and unsound practices................................................. 16-17
Deposits protected....................................................................................... 8-11, 188-191
Disbursements by the Corporation...................................... 8-11, 188-189, 191-192




INDEX

197
Page

Banks in financial difficulties:— Continued
Absorptions of insured banks with financial aid of the Corporation:— Continued
Loans made and assets purchased by Corporation............................... 8, 12-14, 21
Losses incurred by Corporation...................................................12-14, 21, 23, 27-28
Name and location of banks absorbed, 1951....................................................
191
Number of banks absorbed............................................. 10-11, 14, 17, 188-189, 192
Number of depositors affected b y ............................................... 10-11, 188-189, 191
Recoveries by the Corporation on assets acquired....................12-14, 21, 28, 192
Sources of data............................................................................................................
187
Depositors protected by the Corporation in closed banks..................................
9-11
Depositors sustaining loss in closed insured banks, number o f.........................
9-11
Insured banks closed:
Deposits of...................................................................................................... 9-14, 188-191
Disbursements by the Corporation in connection with. .9-13 , 188-189, 191-192
Loss to depositors....................................................................................................... 10-12
Loss to Federal Deposit Insurance Corporation...................................... 12-14, 192
Number, 1934-1951.............................................................................9-10, 188-189, 192
Noninsured bank suspensions, 1951.........................................................................128, 187
Receivership, insured banks placed in:
Activities of the Corporation as receiver o f......................................................
10
190
Assets and liabilities of, at dates of suspension, 1934-1951.........................
Depositors’ losses........................................................................................................ 10-12
Deposits, 1934-1951............................................................................................ 11-12, 188
Deposits insured, paid and unpaid by December 31, 1951..........................
12
Deposits secured, preferred, and subject to offset..........................................
12
Disbursements by the Corporation......................................9-14, 188-189, 191-192
Losses by the Corporation on disbursements..............................10, 12-14, 21, 192
Number of banks.....................................................................................11, 188-189, 192
Payments to depositors............................................................................................
9-14
Recoveries by the Corporation on disbursements....................................12-14, 192
Sources of data............................................................................................................
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.
Board of Directors of the Federal Deposit Insurance Corporation..................... iv, v, 19
Board of Governors of the Federal Reserve System, data obtained from. .. .141, 161
Book value of bank assets and liabilities. See 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
Department.
Business and personal deposits. (See also Deposits [items referring to type of
account]) .......................................................................................................33, 146-147

Call reports. See Assets and liabilities of operating banks; Reports from banks.
Capital of banks (See also Assets and liabilities of operating banks; Earnings
and expenses of insured commercial banks; Earnings and expenses
of insured mutual savings banks):
Examiners’ appraisal, insured commercial banks:
1942-1951.......................................................................................................................35,155
Banks grouped by amount of deposits, 1951..................................................156-157
Banks grouped by F D IC district and State, 1951........................................158-159
Definition of terms used...........................................................................................
153
Ratio of substandard assets to adjusted capital accounts, 1951. .155, 157-159
Growth..................................................................................................................................34, 38
Insured banks placed in receivership or absorbed with financial aid of the
Corporation..........................................................................................................190-191




198

FEDERAL DEPOSIT INSURANCE CORPORATION
Page

Capital of banks:— Continued
Net additions as a proportion of net profits, insured commercial banks. . . . 48-49
Ratios to total assets:
Insured commercial banks, 1951................................... 149, 155, 157-159, 169, 173
Insured commercial banks, 1934-1951.................................................................
38
Insured commercial banks, by State, December 31, 1951............................
39
40
Insured commercial banks, distributed by, December 31, 1951................
Ratios to assets other than cash and U. S. Government obligations, insured
commercial banks, 1934-1951..........................................................................
38
Retirement of capital invested in banks by the Reconstruction Finance
Corporation................................................................................... ........................
39
Total capital accounts:
Commercial and mutual savings banks, insured and noninsured, June 30
and December 31, 1951...................................................................................143, 145
38
Composition of, insured commercial banks, December 1934-1951............
Insured banks, December 30, 1950, June 30 and December 31, 1951. . .
151
Charge-offs by banks. See Earnings and expenses of insured commercial banks;
Earnings and expenses of insured mutual savings banks.
Class of bank, banking data presented by {See also Accounts in insured banks;
Deposit insurance coverage; Deposits):
Admissions to and terminations of insurance........................................................128-129
191
Banks absorbed with financial aid of the Corporation, 1951.............................
Earnings of insured commercial banks, 1951........................................................ 166-169
Insured banks financially aided by the Corporation, 1934-1951......................
188
Number of banks and banking offices, 1951.......................................................... 128-137
Ratios of earnings of insured commercial banks, 1951...................................... 168-169
Reserve method of accounting for bad-debt losses on loans, used by insured
commercial banks, 1948-1951..........................................................................
48
Classification of banks and banking offices...................................................................126-127
Closed banks. See Banks and branches ceasing operations; Banks in financial
difficulties.
Commercial banks. See Assets and liabilities of operating banks; Capital of
banks; Deposits; Earnings and expenses of insured commercial
banks; Deposit insurance coverage; Number of operating banks
and branches.
Commissioner of Internal Revenue, ruling on reserve for bad-debt losses on
loans.........................................................................................................47-48, 141, 161
Comptroller of the Currency:
Data obtained from....................................................................................................... 141, 161
Director of Corporation................................................................................................iv, v, 19
Comptroller General of the United States...................................................................... 24, 26
Consolidations. See Absorptions; Banks in financial difficulties.
Credit, bank, expansion of during 1951. See Deposits; Loans by banks.
Criticized assets. See Assets and liabilities of operating banks, examiners’
appraisal.

Defalcations in banks.............................................................................................................

9

Demand deposits. See Assets and liabilities of operating banks; Deposits (items
referring to type of account).
Deposit insurance coverage:
Accounts fully and partially protected, September 19, 1951:
Number and proportion of, all insured banks, banks grouped by size,
by percentage of deposits insured, by population of center, and by
class, and accounts grouped by type............................................... ............. 80-81
Number and proportion of, all insured banks, by FD IC district and
State................................................................................................................
78-79
Number and proportion of, cities with population over 500,000, by city. . 80-81




INDEX

199
Page

Deposit insurance coverage:— Continued
Accounts fully protected:
Definition o f.................................................................................................................
60
Difference from depositors fully protected........................................................
60
Effect of 1950 change in coverage on.................................................................. 69-70
Number of, all insured banks, banks grouped by size, by percentage of
deposits insured, by population of center, and by class; and ac­
counts grouped by type, September 19, 1951............................................
61
Proportion of, comparison with proportion of deposits insured in banks
grouped by percentage of deposits insured, September 19, 1951. . . .
64
Proportion of, comparison with proportion of deposits insured in banks
grouped by size, September 19, 1951............................................................
62
Special call dates, 1938-1951..................................................................................
68
Special call, September 19, 1951...........................................................................
60
Accounts fully protected, number and proportion, comparison with cov­
erages of $5,000 and $25,000, September 19, 1951:
By type of account, insured commercial banks...............................................
109
By type of account, insured mutual savings banks........................................
Ill
Discussion o f................................................................................................................ 67-73
Insured commercial banks, by FD IC district and State............................ 106-107
Insured commercial banks, by size of bank, by population of center,
and by class of bank.........................................................................................108-109
Insured commercial banks grouped by percentage of deposits insured. .
109
Insured mutual savings banks, banks grouped by FD IC district, by
State, by size of bank, by population of center, and by percent of
deposits insured.................................................................................................. 110-111
Banks grouped by percent of deposits insured:
Change in grouping between special call dates, 1934-1951.......................... 73-75
Under coverages of $5,000, $10,000, and $25,000, September 19, 1951. .
112
Deposits insured:
Amount of, all insured banks, banks grouped by size, by percentage of
deposits insured, by population of center, and by class, and accounts
61
grouped by type, September 19, 1951..........................................................
Definition o f.................................................................................................................
60
Effect of 1950 change in coverage on.................................................................. 69-71
Estimation of, method.............................................................................................. 59-60
Proportion of, comparison with proportion of accounts fully protected
in banks grouped by percentage of deposits insured, September 19,
1951.............................................................. ............................................................
64
Proportion of, comparison with proportion of accounts fully protected
in banks grouped by size, September 19, 1951........................................
62
Semiannual call dates, 1934-1951..........................................................................
3-5
Special call dates, 1938-1951................................................................................... 68-69
Special call, September 19, 1951............................................................................
60
Types o f.........................................................................................................................
59
Deposits insured, amount and proportion, comparison with coverage of
$5,000 and $25,000, September 19, 1951:
By type of account, insured commercial banks...............................................
109
By type of account, insured mutual savings banks........................................
Ill
Discussion o f................................................................................................................ 67-73
Insured commercial banks, by FD IC district and State.........................106-107
Insured commercial banks, by size of bank, by population of center,
and by class of bank.........................................................................................108-109
Insured commercial banks grouped by percentage of deposits insured. .
109
Insured mutual savings banks, banks grouped by FD IC district, by
State, by size of bank, by population of center, and by percent of
deposits insured.................................................................................................. 110-111
Deposits insured and uninsured, September 19, 1951:
Amount and proportion of, all insured banks, banks grouped by size, by
percentage of deposits insured, by population of center, and by
class, and accounts grouped by type............................................................ 80-81
Amount and proportion of, all insured banks, by FD IC district and
State......................................................................................................................... 78-79
Amount and proportion of, cities with population over 500,000, by city. . 80-81
Instructions and form, special call for deposit information, September 19,
1951........................................................................................................................ 113-116




200

FEDERAL DEPOSIT INSURANCE CORPORATION
Page

Deposit insurance coverage:— Continued
Risk of the Corporation in providing......................................................................... 65-67
Scope of, ratios indicating..............................................................................................
63
Depositors (See also Accounts in insured banks):
Claims against closed insured banks. See Banks in financial difficulties.
Losses. See Banks in financial difficulties.
Number of, difference from number of accounts....................................................
Protected in insolvent or hazardous banks suspended or absorbed. See
Banks in financial difficulties.

60

Deposits:
Amount of, all banks:
By class of bank in each State and FD IC district, December 31, 1951. . 138-139
By insurance status of bank and type of account, December 31, 1951. .
145
By insurance status of bank and type of account, June 30, 1951...........
143
By type of account, December 1945-1951......................................................... 33-34
By type of account in each State and FD IC district, December 31,1951.146-147
Amount of, all insured banks:
Average annual change, 1938-1951.......................................................................
68
Banks grouped by size, by population of center, by class, and by percent
of deposits insured, September 19, 1951................................................. 61, 80-81
By FD IC district and State, September 19, 1951.......................................... 78-79
By State, as percentage of deposits in all banks, December 31, 1951. . . .
9
By type of account, 1936-1951..............................................................................
75
145
By type of account, December 31, 1951............................................................
By type of account, December 30, 1950, June 30 and December 31, 1951
150
By type of account, June 30, 1951.......................................................................
143
By type of account, September 19, 1951............................................................
81
Semiannual call dates, 1934-1951.........................................................................
5
Amount of, banks receiving financial aid from the Corporation. .. .8-11, 188-191
Amount of, commercial banks:
By FD IC district and State, December 31, 1951......................................... 138-139
145
By type of account, December 31, 1951............................................................
143
By type of account, June 30, 1951......................................................... .............
Amount of, in individual, partnership, and corporation accounts, insured
commercial banks:
Demand, by size of account in each State and FD IC district, September
19, 1 9 5 1 ................................................................................................................ 96-97
Demand, by size of bank and size of account, September 19, 1 9 5 1 ....
100
Savings and time, by size of account in each State and FD IC district,
September 19, 1951............................................................................................. 98-99
Savings and time, by size of bank and size of account, September 19, 1951
101
Amount of, insured banks in cities with population over 500,000, by city,
September 19, 1951............................................................................................. 80-81
Amount of, insured banks placed in receivership or absorbed with financial
aid of the Corporation. See Banks in financial difficulties.
Amount of, insured by the Corporation. See Deposit insurance coverage.
Amount of, insured commercial banks:
At time of examination..........................................................................................154, 156
B y FD IC district and State, December 31, 1951......................................... 138-139
By size of account in each State and FD IC district, September 19, 1951 92-93
B y size of account and with banks grouped by FD IC district, by State,
by size of bank, by population of center, and by percent of deposits
insured, September 19, 1951............................................................................ 92-95
By type and size of account, September 19, 1951..........................................
95
By type of account, December 30, 1950, June 30 and December 31, 1951
150
Amount of, insured mutual savings banks:
As percentage of deposits of all mutual savings banks, December 31, 1951
54
By F D IC district and State, December 31, 1951......................................... 138-139
By size of account, and with banks grouped by FD IC district, by State,
by size of bank, by population of center, and by percent of deposits
insured, September 19, 1951.......................................................................... 104-105
By State, December 31, 1951.......................................................................54, 138-139
By type and size of account, September 19, 1951...........................................
105
By type of account, December 30, 1950, June 30 and December 31, 1951
150




INDEX

201
Page

Deposits:— Continued
Amount of, mutual savings banks:
By F D IC district and State, December 31, 1951......................................... 138-139
By State, December 31, 1951................................................................ 52, 54, 138-139
By type of account, December 31, 1951.............................................................
145
By type of account, June 30, 1951.......................................................................
143
Amount of, noninsured banks:
By FD IC district and State, December 31, 1951......................................... 138-139
By type of account and type of bank, December 31, 1951.........................
145
By type of account and type of bank, June 30, 1951....................................
143
Mutual savings banks, by State, December 31, 1951....................................
54
Insured. See Deposit insurance coverage.
Interest on............................................................................................. 42-43, 45-46, 162-182
Percent distribution of, all insured banks, by type of account, 1936-1951. .
75
Percent distribution of, insured commercial banks:
By size of account in each State and FD IC district, September 19, 1951 92-93
By size of account and with banks grouped by FD IC district, by State,
by size of bank, by population of center, and by percent of deposits
insured, September 19, 1951............................................................................ 92-95
By type and size of account, September 19, 1951..........................................
95
Percent distribution of, insured mutual savings banks:
By size of account, and with banks grouped by FD IC district, by State,
by size of bank, by population of center, and by percent of deposits
insured, September 19, 1951.......................................................................... 104-105
By type and size of account, September 19, 1951..........................................
105
Percent distribution of, in individual, partnership, and corporation ac­
counts, insured commercial banks:
Demand, by size of account in each State and FD IC district, September
19, 1 9 5 i..................................... ............................................................................. 96-97
Demand, by size of bank and size of account, September 19, 1951. .. .
100
Savings and time, by size of account in each State and FD IC district,
September 19, 1951............................................................................................. 98-99
Savings and time, by size of bank and size of account, September 19, 1951
101
Sources of data................................................................................................................141, 153
Dividends:
To depositors in insured mutual savings banks............................................56, 184, 185
To stockholders of operating insured commercial banks. See Earnings and
expenses of insured commercial banks.
Earnings and expenses of insured commercial banks:
Amounts of principal components:
Annually............................................................................................................... 43, 162-163
By class of bank, 1951............................................................................................166-167
By size of bank, 1951..............................................................................................170-171
By State, 1951........................................................................................................... 174-183
Charge-offs and recoveries:
Amounts, 1934-1951..................................................................................................
43
Banks using reserve method of accounting for bad-debt losses on loans,
by class of bank, 1948-1951..............................................................................
48
Recoveries and profits on sale of assets..............................................................
47
Current operating earnings and expenses, 1951.......................................... 40, 41, 43-46
Income, sources and disposition of total, 1945-1951............................................. 40-42
Net profits after taxes:
Amounts............................................................................43, 47, 163, 167, 171, 175-183
Disposition of, 1951.............................................................................................. 42, 48-49
Ratios of earnings items:
Rate of income on loans and securities.....................................44-45, 165, 169, 173
Rate of interest on time and savings deposits........................45-46, 165, 169, 173
Rate of net profit on total capital accounts, by State, 1951....................
49
Rate of service charges on demand deposits................................. 45, 165, 169, 173
To current operating earnings, total assets, and total capital accounts,
1 9 4 3 - 1 9 5 1 ................. . ......................................................................................
164
To current operating earnings, total assets, and total capital accounts,
by class and size of bank, 1951.................................................. 168-169, 172-173
Salaries and wages, 1951............................................................................................ 42, 45-46
Taxes 1951
42 46-47
Valuation reserves, transfers to and from. .47, 161-162, 166-167, 170-171, 174-182




202

FEDERAL DEPOSIT INSURANCE CORPORATION
Page

Earnings and expenses of insured mutual savings banks:
Amounts of principal components, 1951...................................................................55, 184
Dividends to depositors.................................................................................................. 56, 184
Income, sources and disposition of total, 1951........................................................ 55-56
Rates of income on loans and securities and dividends on deposits. . . .55-56, 185
Ratios of earnings and expense items to current operating earnings and
total assets, 1951..................................................................................................
185
Reporting method, change in ...................................................... ................................. 51-52
Salaries and wages, 1951................................................................................................. 55-56
Educational program for examiners. See Federal Deposit Insurance Corporation.
Employees:
Federal Deposit Insurance Corporation........................................................15-16, 19, 28
Insured commercial banks:
Average salary, 1951.................................................................................................. 45-46
Number and compensation, 1943-1951.............................................................162-163
Number and compensation, by class of bank, by size of bank, and by
State, December 31, 1951.......................................... 166-167, 170-171, 174-183
Insured mutual savings banks:
Average salary, 1951..................................................................................................
55
Number and compensation, 1951..........................................................................
184
Examination of insured banks (See also Assets and liabilities of operating
banks; Capital of banks):
Banks examined by the Federal Deposit Insurance Corporation, 1951. . . .
15
Data from reports of examination.....................................................................35, 154-159
Definition of terms............................................................................................................
153
Examination staff.............................................................................................................. 15-16
Expenses of banks. See Earnings and expenses of insured commercial banks;
Earnings and expenses of insured mutual savings banks.
Expenses of the Corporation. See Federal Deposit Insurance Corporation,
income and expenses.
Failures. See Banks and branches ceasing operations; Banks in financial
difficulties.
Federal bank supervisory authorities................................................................................

14

Federal Deposit Insurance Corporation:
Assessments on insured banks.............................................................. 6, 22-23, 25, 27-28
Assets and liabilities............................................................................................. 19-22, 27-28
Audits................................................. .................................................................................. 24-28
Banks examined by, and submitting reports to ...................................................... 14-15
Bank supervisory activities............................................................................................ 14-19
Board of Directors..........................................................................................................iv, v, 19
Borrowing power................................................................................................................
28
Capital stock.......................................................................................................................22, 24
Contingent liability................................................................................................... 3-6, 59-60
Deposit insurance fund (surplus)..................................................... .............4-6, 20, 22-28
Depositors protected by. See Banks in financial difficulties; Deposit in­
surance coverage.
Directors of the Federal Deposit Insurance Corporation....................................
19
Disbursements for protection of depositors............................. 8-14, 188-189, 191-192
Districts................................................................................................................................ vi, vii
Divisions............................................................................................................................... iv, 20
Educational program for bank examiners................................................................. 15-16
Employees, number o f.....................................................................................................
19
Examination of banks. See Examination of insured banks.
Federal Deposit Insurance Act, 1950.........................................................................
6, 16
Income and expenses........................................................................................... 22-25, 27-28
Insured banks receiving financial aid from. See Banks in financial difficulties.
Insured deposits. See Banks in financial difficulties; Deposit insurance
coverage.
Liabilities..................................................... ..................................................... .. .20, 22, 27-28
Loans to and purchase of assets from insured banks. See Banks in financial
difficulties.




INDEX

203

Federal Deposit Insurance Corporation:— Continued
Losses incurred, 1934-1951.......................................................................... 12-14, 21, 23-27
Methods of protecting depositors. See Banks in financial difficulties.
Organization and staff............................................................................................iv, v, 19-20
Payments to insured depositors..................................................................... 8-12, 188-189
Protection of depositors. See Banks in financial difficulties; Deposit In­
surance coverage.
Purchase of assets of banks in receivership....................................................8, 12-14, 21
Receiver for insured banks........................................................................................10-13, 21
Recoveries............................................................................................................. 12-14, 21, 192
Reports from banks.................................................................................................. 18, 19, 116
Reserves for losses on assets acquired........................................................................21, 23
Retirement of capital stock of the Corporation...........................................6, 20, 22, 25
Rules and regulations....................................................................................................... 16-17
Supervisory activities....................................................................................................... 14-19
Surplus (deposit insurance fund)...................................................................4-6, 20, 22-28
Federal Deposit Insurance Corporation districts, banking data classified by:
Accounts. See Accounts in insured banks; Deposit insurance coverage.
Assets and liabilities of all banks, December 31, 1951.........................................
Assets and liabilities, examiners’ appraisal, 1951...................................................
Deposits. See Deposit insurance coverage; Deposits.
Number and deposits of banks, by type of bank, December 31, 1951...........

146
158
138

Federal Reserve System. See Board of Governors of the Federal Reserve System.
Fixed and miscellaneous assets. See Assets and liabilities of operating banks;
Banks in financial difficulties.

General Accounting Office....................................................................................................

26

Government deposits. See Deposits (items referring to type of account).

Income of insured banks. See Earnings and expenses of insured commercial
banks; Earnings and expenses of mutual savings banks.
Income of the Federal Deposit Insurance Corporation. See Federal Deposit
Insurance Corporation.
Insolvent banks. See Banks in financial difficulties.
Insurance coverage. See Deposit insurance coverage.
Insurance status, banks classified by:
Assets and liabilities of, June 30 and December 31, 1951.................................142-145
Changes in number of, 1951........................................................................................128-129
Deposits of, December 31, 1951.................................................................................138-139
In each State, December 31, 1951............................................................................ 130-139
Mutual savings banks, number and deposits, by State, December 31, 1951. .
54
Number of, December 31, 1951....................................................................................
6, 7
Percentage of banks insured, by State, December 31, 1951...............................
7, 8
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..................

19

Insured deposits. See Deposit insurance coverage.
Insured loans.........................................................................................................................36-37, 55
Insured State banks members of the Federal Reserve System. See Class of
bank, banking data presented by.
Interbank deposits. See Deposits (items referring to type of account).
Interest. See Earnings and expenses of insured commercial banks; Earnings
and expenses of insured mutual savings banks.




204

FEDERAL DEPOSIT INSURANCE CORPORATION
Page

Interest on capital advanced to the Federal Deposit Insurance Corporation
.................................................................................................................. 6, 20, 24, 25, 27
Investments of banks.. See Assets and liabilities of operating banks; Securities.
Law, violations of by insured banks. See Unsafe and unsound banking practices.
Legislation relating to deposit insurance and banking:
Federal, enacted in 1951.................................................................................................
19
State, enacted in 1951................................................................................................... 119-123
Liquidation, banks placed in, 1951....................................................................................

128

Loans:
By banks (See also Assets and liabilities of operating banks):
Amount and percentage distribution in all banks, by type, 1945-1951. . 31-32
Income and charge-offs on..................................................................................43-44, 47
Insured or guaranteed real estate.................................................................... 36-37, 55
Provision for losses.................................................................................... 47-48, 141, 161
Rate of income on................................................................... 44-45, 165, 169, 173, 185
Residential real estate, change in, by State, 1945 to 1951........................... 36-37
Substandard amounts and ratio to total loans....................................... 35, 154-157
By Federal Deposit Insurance Corporation to insolvent or hazardous in­
sured banks. See Banks in financial difficulties.
Losses:
Of banks, charged off. See Earnings and expenses of insured commercial
banks; Earnings and expenses of insured mutual savings banks.
Of depositors. See Banks in financial difficulties.
Of the Federal Deposit Insurance Corporation. See Federal Deposit In­
surance Corporation.
Of the Reconstruction Finance Corporation on preferred stock investments
in banks...................................................................................................................
14
Provision for, in banks...................................................................... 47-48, 50-52, 161-185
Mergers. See Absorptions.
Methods of tabulating banking data:
Assets and liabilities of operating banks...................................................................
141
Deposit insurance disbursements.................................................................................
187
Earnings, expenses, profits, and dividends of insured banks.............................
161
Examiners’ evaluation of insured commercial banks............................................
153
Number, offices, and deposits of operating banks. .............. ...............................126-127
Mutual savings banks:
Insured:
Accounts. See Accounts in insured banks.
Assets and liabilities, December 30, 1950, June 30 and December 31,
1951................................................. ...................................................................... 148-151
Deposits insured by Federal Deposit Insurance Corporation. See Deposit
insurance coverage.
Earnings, expenses, profits, and dividends........................................ 55-56, 184-185
Number and deposits, December 30, 1950, June 30 and December 31,
1951..................................................................... .. .................................... .. .. .148-151
Number, September 19, 1951, by F D IC district, by State, by size of
bank, by population of center, and by percent of deposits insured. . 102-103
Insured and noninsured:
Assets and liabilities, June 30 and December 31, 1951................................ 142-145
Number and deposits, by State, December 31, 1951............................54, 138-139
Total:
Assets and liabilities, December, 1945-1951......................................................
53
Number and deposits, by State, December 31, 1951........ ............................. 52-54
National banks. See Class of bank, banking data presented by.
Net earnings of insured commercial banks. See Earnings and expenses of in­
sured commercial banks.




INDEX

205
Page

Net profits of insured commercial banks. See Earnings and expenses of insured
commercial banks.
New banks. See Banking offices, establishment of.
Noninsured banks. See Absorptions; Admission of banks 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 deposit accounts in banks. See Accounts in insured banks.
Number of operating banks and branches:
All banks:
By insurance status in each State and FD IC district................................. 138-139
By type and insurance status, December 31, 1951.........................................
7
In each state and FD IC district, with assets and liabilities....................... 146-147
June 30, 1951.......................................... . ..................................................................
143
All banks and branches, by class of bank in each State, December 31, 1951.130-137
Branches, by class of bank and State, December 31, 1951.............................. 130-137
Changes by type of change and class of bank during 1951..............................128-129
Insured banks:
Admissions to insurance..................................................................................17, 128-129
Branches, approval of, by Corporation..............................................................
18
December 30, 1950, June 30 and December 31, 1951....................................
151
September 19, 1951, by FD IC district, and State.......................................... 78-79
September 19, 1951, by size of bank, by population of center, by class,
and by percent of deposits insured............................................................ 61, 80-81
Special call dates, 1934 to 1951, by size of bank and by class...................
73
Termination of insurance.........................................................................................16,128
Insured commercial banks:
By F D IC district and State, December 31, 1951......................................... 138-139
By ratio of total capital accounts to total assets, December 31, 1951. .
40
Examined in 1942-1951.............................................................................................
155
Examined in 1951, by amount of deposits.........................................................
157
Examined in 1951, by FD IC district and State............................................ 158-159
Operating throughout 1951, by amount of deposits....................................171, 173
September 19, 1951, by FD IC district, by State, by size of bank, by
population of center, by class, and by percent of deposits insured. .. . 82-85
Special call dates, 1936 to 1951, by percent of deposits insured................
76
Using reserve method of accounting for bad-debt losses on loans, by
class of bank, 1948-1951....................................................................................
48
Mutual savings banks. See Mutual savings banks.
Noninsured banks:
By class of bank, FD IC district and State, December 31, 1951............. 138-139
Failures during 1951..................................................................................................
187
Unit banks, by class of bank and State, December 31, 1951.......................... 130-137
Officers of the Federal Deposit Insurance Corporation.........................................15-16, 19
Officers of insured banks. See Employees.
Offset, deposits subject to. See Banks in financial difficulties.
Operating banks. See Number of operating banks and branches.
Payments to depositors in closed insured banks. See Banks in financial
difficulties.
Personnel. See Employees.
Possessions, banks and branches located in:
Assets and liabilities, December 31, 1951...............................................................146-147
Deposits of, December 31, 1951.................................................................................138-139
Earnings, expenses, profits, and dividends, 1951................................................. 174-175
Number of, December 31, 1951....................................................................................
137
Postal savings deposits in banks............................................................................ 143, 145, 150
Preferred deposits. See Banks in financial difficulties.




206

FEDERAL DEPOSIT INSURANCE CORPORATION
Page

Profits. See Earnings and expenses of insured commercial banks.
Protection of depositors. See Banks in financial difficulties; Deposit insurance
coverage.
Public funds. See Deposits (items referring to type of account).
Publications of the Corporation.......................................................................................... 18-19
Purchase of bank assets by Corporation. See Assets purchased by the Federal
Deposit Insurance Corporation.
Receivership, insured banks placed in. See Banks in financial difficulties.
Reconstruction Finance Corporation, losses on capital of insured banks. . . .

14

Recoveries:
By banks on assets charged off. See Earnings and expenses of insured com­
mercial banks; Earnings and expenses of insured mutual savings
banks.
By the Corporation on disbursements.................................................... 9, 12-14, 21, 192
Reports from banks............................................................................................................ 18-19, 59
Reserves:
For bad-debt losses on loans, ruling of Commissioner of Internal Revenue. .
.............................................................................................................. ..4 7 -4 8 , 141, 161
In bank assets and liabilities. See Assets and liabilities of operating banks.
Of Federal Deposit Insurance Corporation, for losses on assets acquired. .
21
Surplus (deposit insurance fund) of the Corporation.........................4-5, 20, 22-28
Salaries and wages:
Federal Deposit Insurance Corporation....................................................................
Insured banks. See Earnings and expenses of insured commercial banks;
Earnings and expenses of insured mutual savings banks.

24

Savings and time deposits. See Deposits (items referring to type of account).
Secured and preferred deposits. See Banks in financial difficulties.
Securities (See also Assets and liabilities of operating banks):
Charge-offs on securities held by insured banks................................................47, 50-52
Held by Federal Deposit Insurance Corporation............................................. 20, 22, 27
Held by insured banks placed in receivership or absorbed with financial
aid of the Corporation, 1934-1951.................................................................
190
Held by operating banks. See Assets and liabilities of operating banks.
Interest on securities held by banks. See Earnings and expenses of insured
commercial banks; Earnings and expenses of insured mutual savings
banks.
Profits on securities sold by insured banks. See Earnings and expenses of
insured commercial banks; Earnings and expenses of insured mutual
savings banks.
United States Government obligations held by insured commercial banks,
amounts and percentage distribution by maturities, December
1945-1951.............................................................' .................................................
36
Size of accounts. See Accounts in insured banks.
Size of banks, data for banks classified by amount of deposits:
Accounts, number of. See Accounts in insured banks.
156
Assets and liabilities of insured commercial banks examined in 1 9 5 1 . . . .
188
Banks receiving financial aid from the Corporation, 1934-1951................
Deposits. See Deposits.
188
Disbursements for protection of depositors, 1934-1951...................................
Earnings data of insured commercial banks, 1951............................................ .170-171
Earnings ratios of insured commercial banks, 1951.......................................... .172-173
Employees, number and average salary, insured commercial banks, 1951 . . 45-46
Insured deposits. See Deposit insurance coverage.
49
Net profits retained in capital accounts, insured commercial banks, 1951
Number of banks. See Number of operating banks and branches.
44
Rate of income on loans, insured commercial banks, 1951.........................




INDEX

207
Page

Sources of data...................................................................................... 18-19, 141, 153, 161, 187
State and local government obligations. See Assets and liabilities of operating
banks.
State bank supervisory authorities:
Data obtained from.......................................................................................................... 18,141
State legislation regarding..............................................................................................
119
State, banking data classified by:
Accounts in insured banks, September 19, 1951:
All insured banks........................................................................................................ 78-79
Insured commercial banks.......................................................................82-83, 106-107
Insured mutual savings banks.............................................................................102, 110
Of individuals, partnerships, and corporations, insured commercial
banks........................................................................................................................ 86-89
Assets and liabilities of insured commercial banks examined in 1 9 5 1 . . . . 158-159
Assets and liabilities of operating banks, December 31, 1951.................... 146-147
Capital, ratio to total assets, insured commercial banks, December 31, 1951
39
Deposits:
All banks, business and personal, increase during 1951................................
33
All banks, December 31, 1951............................................................................. 146-147
All insured banks, September 19, 1951............................................................... 78-79
Commercial banks, insured and noninsured................................................... 138-139
Insured commercial banks, September 19, 1951..............................92-93, 106-107
Insured mutual savings banks, September 19, 1951........................... 104, 110-111
Mutual savings banks, December 31, 1951.......................................................
52
Mutual savings banks, insured and noninsured, December 31,1951. . 54,138-139
Of individuals, partnerships, and corporations, insured commercial
banks, September 19, 1951............................................................................... 96-99
Disbursements by the Corporation, cumulative, 1934-1951.............................188-189
Earnings and expenses of insured commercial banks, 1951..............................174-183
Net earnings and net profits of insured commercial banks, rates of, 1951. . 174-183
Net profits after taxes as a proportion of total capital accounts, 1 9 5 1 . . . .
49
Number and deposits of mutual savings banks, December 31, 1951..............
52
Number of operating banks or offices, December 31, 1951:
All banking offices, by class of bank and type of office............................. 130-137
Commercial banks, insured and noninsured................................................... 130-139
Mutual savings banks, insured and noninsured......................................54, 130-139
Proportion of banks insured, December 31, 1951............................... 7, 8, 54, 130-137
Proportion of deposits in all banks held by insured banks, December 31, 1951
7, 9
Residential real estate loans, growth of, 1945 to 1951.........................................
37
Residential real estate loans, insured or guaranteed, December 31, 1951. .
37
State banking legislation enacted in 1951..................................................................... 119-123
State banks members of the Federal Reserve System. See Class of bank, banking
data presented by.
State bank 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.
Supervision. See Bank supervision.
Suspensions. See Banks and branches ceasing operations; Banks in financial
difficulties.
Taxes paid by insured banks. See Earnings and expenses of insured com­
mercial banks; Earnings and expenses of insured mutual savings
banks.
Terminations of insurance for unsafe and unsound practices..................................
Time and savings deposits. See Deposits (items referring to type of account).




17

208

FEDERAL DEPOSIT INSURANCE CORPORATION
Page

Trust companies:
Classification o f................................................................................................................126-127
Noninsured, not engaged in deposit banking................................. 7, 128-139, 142-145
Trust powers, applications for.............................................................................................

18

Unit banks. See Number of operating banks and branches.
United States Government obligations. See Assets and liabilities of operating
banks; Securities.
United States Treasury Department, Commissioner of Internal Revenue,
ruling on reserves for bad-debt losses on loans......................... 47-48, 141, 161
Unsafe and unsound banking practices............................................................................

16-17

Unsound banking practices. See Unsafe and unsound banking practices.

Valuation reserves................................................................................ 47-48, 141, 144, 149, 161
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