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ANNUAL REPORT OF THE FEDERAL DEPOSIT INSURANCE CORPORATION FOR THE YEAR ENDED DECEMBER 31, 1955 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 s it I n s u r a n c e C o r p o r a t io n Washington, D. C., June 29, 1956 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. Part One of the report, separately submitted earlier in the year, is included in this volume. Respectfully, H. E. T he P r e s id e n t o f t h e T he Speaker of the Se n ate H o use of R e p r e s e n t a t iv e s C ook, Chairman FEDERAL DEPOSIT IN S U R A N C E CORPORATION FEDERAL DEPOSIT INSURANCE CORPORATION N at io n al P ress B uildin g — W ash in gton 25, D . C. BOARD OF DIRECTORS Chairman.................................................................... ........................ EL E. C o o k Comptroller of the Currency........................................................... R a y M . G id n e y Director..................................................................................................M a p le T . H a r l OFFICIALS—June 29, 1956 Assistant to Chairman (Acting).................................................... Neil G. Greensides Secretary.............................................................................................. Miss E. F. Downey General Counsel, Legal Division................................................... Royal L. Coburn Chief, Division of Examination.................................................... Vance L. Sailor Chief, Division of Liquidation. .................................................... Edward C. Tefft Chief, Division of Research and Statistics................................. Edison H. Cramer Chief, Audit Division.......................................................................Mark A. Heck Controller......................................................................... ................... William G. Loeffler Director of Publications and Information.................................. Forbes Campbell D IS T R IC T O F F IC E S D is t . No. S u p e r v is i n g E x a m in e r A ddress States in D is t r ic t 1. Lundie W. Barlow Room 1365, No. 10 P.O. Square, Boston 9, Mass. 2. Neil G. Greensides Room 1900, 14 Wall Street, New York, New Jersey, New York 5, N. Y. Delaware, Puerto Rico, Virgin Islands 3. Gilbert E. Mounts City National Bank Ohio, Pennsylvania Building, 20 East Broad Street, Columbus 15, Ohio 4. Robert N. McLeod 200 The Bank of Virginia Building, Fourth and Grace Streets, Richmond 19, Va. 5. John E. Freeman Fifth floor, 114 Marietta Georgia, Florida, Alabama, Mississippi St., N. W., Atlanta 3, Ga. 6. Charles M. Dunn 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 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. George M. Hirning 1201 Federal Reserve Bank Building, Kansas City 6, Mo. Nebraska, Kansas, Oklahoma, Colorado, Wyoming 11. Lloyd Thomas Federal Reserve Bank Building, Station K, Dallas 13, Texas Louisiana, Texas, New Mexico, Arizona 12. David A. Linder Suite 1120, 315 Mont gomery Street, San Francisco 4, Calif. Idaho, Utah, Nevada, Washington, Oregon, Cali fornia, Alaska, Hawaii Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, Connecticut District of Columbia, Mary land, Virginia, West Vir ginia, North Carolina, South Carolina FEDERAL DEPOSIT INSURANCE CORPORATION DISTRICTS DISTRICT 2 Includes PUERTO RICO a VIRGIN ISLANDS DISTRICT 4 Includes DISTRICT OF COLUMBIA DISTRICT 12 Includes HAWAII a ALASKA CONTENTS Summary................................................................................................................... Page xix PART ONE OPERATIONS OF THE CORPORATION Deposit insurance coverage..................................................................................... Supervisory activities.............................................................................................. Action to protect depositors in failing banks........................................................ Finances of the Corporation................................................................................... Legal developments.................................................................................................. Organization and personnel..................................................................................... 3 4 9 11 17 18 PART TWO BANKING DEVELOPMENTS Number of banks and their insurance status........................................................ Bank assets............................................................................................................... Bank deposits........................................................................................................... Bank capital............................................................................................................. Income of insured banks......................................................................................... 25 27 31 33 35 PART THREE DEPOSIT ACCOUNTS AND INSURANCE COVERAGE Special calls for deposit information....................................................................... Accounts and deposits, all insured banks, September 21, 1955........................... Changes in accounts and deposits in insured banks, special call dates, 1934-1955 Detailed statistics.................................................................................................... Instructions for preparation of summary of deposits........................................... Detailed tables.......................................................................................................... 47 48 54 57 59 62 PART FOUR LEGISLATION AND REGULATIONS Federal legislation.................................................................................................... Rules and regulations of the Corporation.............................................................. State banking legislation......................................................................................... 99 99 101 PART FIVE STATISTICS OF BANKS AND DEPOSIT INSURANCE Number, offices, and deposits of operating banks................................................. Assets and liabilities of operating banks................................................................ Earnings, expenses, and dividends of insured banks............................................ Deposit insurance disbursements............................................................................ IX 106 120 132 160 LIST OF CHARTS Organization chart of the Federal Deposit Insurance Corporation..................... Page iv Federal Deposit Insurance Corporation districts (map)....................................... vi i A. Percentage of banks of deposit in each State which were insured, December 31, 1955.......................................................................................................... 3 B. The deposit insurance fund and insured deposits, September 21, 1 9 5 5 .... 17 C. Capital ratios of all operating banks, 1926-1935 and 1946-1955.................. 35 D. Assets and income, insured commercial and mutual savings banks, 19471955................................................................................................................ 36 E. Loans and securities and income from them, insured banks, 1947-1955.. 37 F. Assets, capital, and net profits, insured commercial banks, 1947-1955.... 43 G. Proportion of accounts fully protected and deposits insured, all insured banks, by size of bank, September 21, 1955.............................................. 49 H. Proportion of accounts fully protected and deposits insured, all insured banks, by type of account, September 21, 1955..................................... 50 I. Selected percentage distributions of insured deposits and insured banks, September 21, 1955..................................................................................... . 52 J. Accounts fully protected and deposits insured with maximum coverage for each depositor of $10,000, $25,000, and $100,000, all insured banks, September 21, 1955....................................................................................... 53 K. Accounts in all insured banks, special call dates, 1936-1955........................ 56 L. Insured deposits, special call dates, 1934-1955.............................................. 57 L I S T OF T A B L E S PART ONE OPERATIONS OF THE CORPORATION S u p e r v is o r y a c t iv it ie s : 1. Bank examination activities of the Federal Deposit Insurance Corpo ration in 1954 and 1955............................................................................... 2. Unsafe or unsound banking practices and violations of law charged against seven banks by the Corporation during 1955............................................ 3. Actions to terminate insured status of banks charged with unsafe or unsound banking practices or violations of law or regulations, 1936-1955. 4. Applications acted upon by the Board of Directors of the Federal Deposit Insurance Corporation during 1955............................................................ A c t io n 4 5 6 7 t o p r o t e c t d e p o s it o r s i n f a i l i n g b a n k s : 5. Analysis of disbursements and recoveries of the Federal Deposit Insurance Corporation in transactions for protection of depositors and to facilitate termination of liquidations, 1934-1955....................................................... F in a n c e s of th e C o r p o r a t io n : 6. Income and expenses of the Federal Deposit Insurance Corporation and changes in the deposit insurance fund for the year ended December 31, 1955......................................................................................................... 7. Administrative and operating expenses of the Federal Deposit Insurance Corporation for the year ended December 31, 1955................................. 10 x 12 13 LIST OF TABLES xi Page 8. Determination and distribution of net assessment income of the Federal Deposit Insurance Corporation for the year ended December 31, 1955.. 9. Income and expenses of the Federal Deposit Insurance Corporation, by years, from beginning of operations, September 11, 1933 to December 31, 1955, adjusted to December 31, 1955................................................... 10. Assets and liabilities of the Federal Deposit Insurance Corporation, December 31, 1955....................................................................................... 11. Insured deposits and the deposit insurance fund, 1934-1955....................... O r g a n i z a t io n 13 14 15 16 and personnel: 12. Number of officers and employees of the Federal Deposit Insurance Corporation, December 31, 1955................................................................. 13. Results of the Corporation’s educational program for examiners, 1946-1955. 14. Audit report of the Federal Deposit Insurance Corporation for the year ended June 30, 1955..................................................................................... 19 20 20 PART TWO BANKING DEVELOPMENTS N umber of banks and t h e ir in su r a n c e status: 15. Number and changes in banking offices in the United States (continental U. S. and other areas), 1946-1955............................................................... 16. Analysis of changes in the number of banking offices in the United States (continental U. S. and other areas), 1947-1955......................................... 17. Number and deposits of all banks in the United States (continental U. S. and other areas), December 31, 1955.......................................................... Bank 26 27 assets: 18. Percentage changes in assets, all banks in the United States (continental U. S. and other areas), years and half-years, 1927-1935 and 1947-1955.. 19. Distribution of assets of all banks in the United States (continental U. S. and other areas), December 31, 1946 and 1955, and annual percentage changes, 1947-1955....................................................................................... 20. Distribution of loans of all banks in the United States (continental U. S. and other areas), December 31, 1946 and 1955, and annual percentage changes, 1947-1955....................................................................................... 21. Distribution of “ other loans to individuals” of insured commercial banks in the United States (continental U. S. and other areas), December 31, 1946 and 1955, and annual percentage changes, 1947-1955................. 22. Distribution of assets of all banks in the United States (continental U. S. and other areas), by type and insurance status of banks, December 31, 1955................................................................................................................ Bank 25 28 29 29 30 31 d e p o s it s : 23. Percentage changes in deposits of all banks in the United States (continental U. S. and other areas), years and half-years, 1927-1935 and 1947-1955.. 24. Distribution of deposits of all banks in the United States (continental U. S. and other areas), December 31, 1946 and 1955, and annual percentage changes, 1947-1955....................................................................................... 25. Deposits of all banks in the United States (continental U. S. and other areas), by type and insurance status of banks, December 31, 1955, and percentage changes during 1955 and from 1946 to 1955........................... 26. Total capital accounts of all banks in the United States (continental U. S. and other areas), by type and insurance status of banks, December 31, 1946 and 1955, average annual percentage change, 1947-1955, and ratios to assets and deposits, 1946, 1954, and 1955............................................. 32 32 34 34 XII FEDERAL DEPOSIT INSURANCE CORPORATION Page I ncome of banks: in s u r e d 27. Sources and disposition of total income, insured banks in the United States (continental U. S. and other areas), 1947, 1954, and 1955..................... 28. Average rates of income, insured banks, 1947-1955...................................... 29. Expense ratios and interest paid on deposits, insured banks, 1947-1955.. 30. Gains and allowance for losses on assets disposed of or revalued, insured commercial banks, 1948, 1954, and 1955.................................................... 31. Reserves for losses on loans and on securities, insured commercial banks in the United States (continental U. S. and other areas), 1948-1955.......... 32. Disposition of net profits, insured commercial banks in the United States (continental U. S. and other areas), 1947-1955......................................... 36 38 40 41 42 43 PART THREE DEPOSIT ACCOUNTS AND INSURANCE COVERAGE S p e c ia l calls for d e p o s it in f o r m a t io n : 33. Accounts and deposits, all insured banks, September 21, 1955.......... C hanges in accounts and d e p o s it s in in s u r e d banks: 34. Accounts and deposits in all insured banks, special call dates, 1934-1955.. D e t a il e d tables: D i s t r i b u t io n of accounts 48 and d e p o s it s , a l l 55 in s u r e d bank s: 35. Accounts fully and partially protected and deposits insured, September 21, 1955 Banks grouped by Federal Deposit Insurance Corporation district and State........................................................................................................ 36. Accounts fully and partially protected and deposits insured, all insured banks, September 21, 1955 Banks grouped by amount of deposit, population of center in which located, class, and percent of deposits insured; and accounts grouped by type.................................................................................................... D e t a il e d tables: d i s t r i b u t io n of accounts of in s u r e d 62 64 c o m m e r c ia l BANKS ACCORDING TO SIZE OF ACCOUNT*. 37. Distribution of accounts according to size, insured commercial banks, September 21, 1955 Banks grouped by Federal Deposit Insurance Corporation district and State........................................................................................................ 66 38. Distribution of accounts according to size, insured commercial banks, September 21, 1955 Banks grouped by amount of deposits, population of center in which located, class, and percent of deposits insured; and accounts grouped by type.................................................................................................... 68 39. Distribution of demand accounts of individuals, partnerships, and cor porations, according to size of account, insured commercial banks, September 21, 1955 Banks grouped by Federal Deposit Insurance Corporation district and State........................................................................................................ 70 40. Distribution of savings and time accounts of individuals, partnerships, and corporations, according to size of account, insured commercial banks, September 21, 1955 Banks grouped by Federal Deposit Insurance Corporation district and State........................................................................................................ 72 LIST OF TABLES 41. Distribution of demand accounts of individuals, partnerships, and cor porations, according to size of account, insured commercial banks, September 21, 1955 Banks grouped by amount of deposits....................................................... 42. Distribution of savings and time accounts of individuals, partnerships, and corporations, according to size of account, insured commercial banks, September 21, 1955 Banks grouped by amount of deposits....................................................... D e t a i l e d t a b l e s : d i s t r i b u t io n o f d e p o s it s i n i n s u r e d c o m m e r c ia l b a n k s ACCORDING TO SIZE OF ACCOUNT: 43. Distribution of deposits according to size of account, insured commercial banks, September 21, 1955 Banks grouped by Federal Deposit Insurance Corporation district and State........................................................................................................ 44. Distribution of deposits according to size of account, insured commercial banks, September 21, 1955 Banks grouped by amount of deposits, population of center in which located, class, and percent of deposits insured; and accounts grouped by type.................................................................................................... 45. Distribution of demand deposits of individuals, partnerships, and cor porations, according to size of account, insured commercial banks, September 21, 1955 Banks grouped by Federal Deposit Insurance Corporation district and State........................................................................................................ 46. Distribution of savings and time deposits of individuals, partnerships, and corporations, according to size of account, insured commercial banks, September 21, 1955 Banks grouped by Federal Deposit Insurance Corporation district and State........................................................................................................ 47. Distribution of demand deposits of individuals, partnerships, and cor porations, according to size of account, insured commercial banks, September 21, 1955 Banks grouped by amount of deposits....................................................... 48. Distribution of savings and time deposits of individuals, partnerships, and corporations, according to size of account, insured commercial banks, September 21, 1955 Banks grouped by amount of deposits...................................................... D e t a il e d tables: d i s t r i b u t io n of accounts and d e p o s it s by siz e of ACCOUNT, INSURED MUTUAL SAVINGS B AN KS: 49. Distribution of accounts according to size, insured mutual savings banks, September 21, 1955 Banks grouped by Federal Deposit Insurance Corporation district, State, amount of deposits1 population of center, and percent of deposits insured; and accounts by type................................................................ 50. Distribution of deposits according to size of account, insured mutual savings banks, September 21, 1955 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.................................................. D e t a i l 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 i n s u r e d w i t h SPECIFIED AMOUNTS OF COVERAGE: 51. Accounts fully protected and deposits insured with specified amounts of maximum coverage, insured commercial banks, September 21, 1955 Banks grouped by Federal Deposit Insurance Corporation district and State........................................................................................................ x iv FEDERAL DEPOSIT INSURANCE CORPORATION Page 52. Accounts fully protected and deposits insured with specified amounts of maximum coverage, insured commercial banks, September 21, 1955 Banks grouped by amount of deposits, population of center in which located, class, and percent of deposits insured; and accounts grouped by type..................................................................................................... 53. Accounts fully protected and deposits insured with specified amounts of maximum coverage, insured mutual savings banks, September 21, 1955 Banks grouped by Federal Deposit Insurance Corporation district, State, amount of deposit, population of center in which located, and percent of deposits insured; and accounts grouped by type................. 54. Distribution of insured banks grouped by percentage of deposits insured under specified amounts of maximum coverage, September 21, 1955.. 92 94 96 PART FIVE STATISTICS OF BANKS AND DEPOSIT INSURANCE N umber, 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 banks: Explanatory note...................................................................................................... 101. Changes in number and classification of operating banks and branches in the United States (continental U. S. and other areas) during 1955.. 102. Number of operating banks and branches in the United States (continental U. S. and other areas), December 31, 1955 Grouped according to insurance status and class of bank, and by State and type of office................................................................................... 103. Number and deposits of operating banks in the United States (continental U. S. and other areas), December 31, 1955 Banks grouped according to insurance status and by district and State.. A ssets and l ia b il it ie s of o p e r a t in g 107. Assets and liabilities of operating insured banks in the United States (continental U. S. and other areas), December 31, 1955, June 30, 1955, and December 31, 1954.............................................................................. expenses, and d iv id e n d s 108 110 118 banks: Explanatory note...................................................................................................... 104. Assets and liabilities of operating banks in the United States (continental U. S. and other areas), June 30, 1955 Banks grouped according to insurance status and type of bank.............. 105. Assets and liabilities of operating banks in the United States (continental U. S. and other areas), December 31, 1955 Banks grouped according to insurance status and type of bank......... 106. Assets and liabilities of operating banks in the United States (continental U. S. and other areas), December 31, 1955 Banks grouped by district and State........................................................ E a r n in g s , 106 of in s u r e d 120 122 124 126 128 bank s: Explanatory note...................................................................................................... 132 108. Earnings, expenses, and dividends of insured commercial banks in the United States (continental U. S. and other areas), 1947-1955............... 134 109. Ratios of earnings, expenses, and dividends of insured commercial banks in the United States (continental U. S. and other areas), 1947-1955.. 110. Earnings, expenses, and dividends of insured commercial banks in the United States (continental U. S. and other areas), 1955 By class of bank....................................................................................... 111. Ratios of earnings, expenses, and dividends of insured commercial banks in the United States (continental U. S. and other areas), 1955 By class of bank....................................................................................... 136 138 140 LIST OF TABLES XV Page 112. Earnings, expenses, and dividends of insured commercial banks operating throughout 1955 in the United States (continental U. S. and other areas) Banks grouped according to amount of deposits..................................... 11 3 . Ratios of earnings, expenses, and dividends of insured commercial banks operating throughout 1955 in the United States (continental U. S. and other areas) Banks grouped according to amount of deposits...................................... 114. Earnings, expenses, and dividends of insured commercial banks in the United States (continental U. S. and other areas), by State, 1 9 5 5 .... 115. Income, expenses, and dividends of insured mutual savings banks, 1951-1955..................................................................................................... 116. Ratios of income, expenses, and dividends of insured mutual savings banks, 1951-1955......................................................................................... D e p o s it in s u r a n c e 14 4 146 156 158 d isb u r s e m e n t s: Explanatory note...................................................................................................... 117. Disbursements, deposits, and depositors in insured banks placed in re ceivership and in insured banks of which deposits were assumed by another insured bank with the financial aid of the Federal Deposit Insurance Corporation, 1934-1955 Banks grouped by class of bank, year of receivership or deposit assump tion, amount of deposits, and State...................................................... 118. Assets and liabilities, at date of closing, of insured banks placed in re ceivership and of insured banks of which deposits were assumed by another insured bank with the financial aid of the Federal Deposit Insurance Corporation, 1934-1955............................................................ 119. Name, location, Federal Deposit Insurance Corporation disbursement, and assets and liabilities, insured banks placed in receivership or of which deposits were assumed by another insured bank with the financial aid of the Corporation, 1955..................................................................... 120. Recoveries and losses by the Federal Deposit Insurance Corporation on potentially recoverable disbursements for protection of depositors in insured banks placed in receivership and in insured banks of which deposits were assumed by another insured bank with the financial aid of the Corporation, 1934-1955................................................................... 142 160 162 164 165 166 SUMMARY Su m m a r y At the end of 1955 nearly 95 percent of the banks of deposit in the United States were insured by the Federal Deposit Insurance Corporation. The accounts in these banks numbered approximately 130 million, and about 98 percent of these were within the insurance limit of $10,000. The amount of deposits insured was estimated at $116 billion, or about 55 percent of total deposits in the insured banks. (P. 3). During 1955 the Corporation brought charges against seven banks for continuing to engage in unsafe or unsound practices or violations of law. During the year disbursements by the Corporation to protect depositors were made in five banks, bringing to 429 the total number of banks in which such disbursements have been made since the beginning of the Corporation’s operations in 1934. (Pp. 5 and 9). The deposit insurance fund, or assets of the Corporation in excess of its liabilities, amounted at the end of the year to $1,640 million. This was equal to 0.77 percent of the total deposits of insured banks, or 1.41 percent of insured deposits. (P. 16). Assets of all operating banks increased during 1955 by 4.5 percent and deposits by 4.4 percent. These percentage increases were slightly smaller than in the previous year, but were a little larger than the average annual increases since 1946. As in other years, there was a large variation in the change in holdings of different types of assets, some types increasing much more rapidly than total assets, and other types less rapidly or declining. (Pp. 27-31). The total income of insured commercial banks was about 3 percent larger, and that of mutual savings banks about 5 percent larger, than in the previous year. As in other years, income from loans and securities constituted about four-fifths of the current income of insured com mercial banks, and their current operating expenses were about twothirds of current operating earnings. Net profits of the insured commercial banks, after income taxes, were nearly 8 percent of the banks’ total capital accounts. About half of the net profits were used for dividends to stockholders. (Pp. 35, 37, 43). Reports from insured banks for September 21, 1955, show that all size groups of banks have about the same percentage of their accounts fully protected by insurance, but the small banks have a substantially larger percentage of their deposits insured than do the large banks. There is considerable range in the percentages of deposits in various types of accounts that are insured, with a coverage of more than 90 percent for savings and time deposits, but less than half for all other types of ac counts. (Pp. 49, 64-65). xix PART ONE OPERATIONS OF THE CORPORATION D e p o s it I n s u r a n c e C overage Participation of banks in Federal deposit insurance. At the end of 1955, 13,457 banks, or nearly 95 percent of the banks of deposit in the United States, were insured by the Federal Deposit Insurance Corporation. This percentage was slightly higher than at the end of 1954. In 36 States and the District of Columbia 95 percent or more of the banks of deposit were insured; and in 12 of these States and the District of Columbia all such banks were insured. The percentages of banks of deposit in each State insured by the Corporation are shown in Chart A. Chart A. W P e r c e n t a g e o f B a n k s o f D e p o s it i n E a c h S t a t e h ic h W e r e I n s u r e d , D e c e m b e r 31, 1955 Accounts and deposits of insured banks. Accounts in insured banks numbered approximately 130 million at the end of 1955. About 98 percent of these accounts were within the insurance limit of $10,000. Although Federal deposit insurance applies to individual depositors rather than to accounts, it is believed that the percentage of depositors fully protected was substantially the same. Deposits in insured banks totaled $212 billion on December 31, 1955. Despite the fact that 98 percent of the accounts were fully protected, there were substantial uninsured balances in the relatively few large accounts. As a result, insured deposits at the end of 1955 were estimated at $116 billion, or about 55 percent of total deposits. 3 4 FEDERAL DEPOSIT INSURANCE CORPORATION S u p e r v is o r y A c t iv it ie s Bank examinations. A vital part of the Corporation's activities in protecting depositors is the examination of insured banks. During 1955 the Corporation's examiners made 6,896 examinations, most of them of insured banks not members of the Federal Reserve System. Other insured banks were examined by examiners representing the Comptroller of the Currency or the Federal Reserve banks. The reports of these examinations, with those of the Corporation's examiners, were reviewed by the Washington staff of the Corporation. It is the policy of the Corporation to make an annual examination of each insured bank not a member of the Federal Reserve System. More frequent examinations are made where special problems or un sound conditions exist; and occasionally the Corporation examines an insured bank normally examined by another Federal supervisory agency. Along with these examinations, the Corporation conducts investigations of proposed new banks or branches; this phase of activity increased appreciably in 1955. The extent and types of activity of the Division of Examination in 1954 and 1955 are indicated in Table 1. T a b le 1 . B a n k E x a m i n a t i o n A c t i v i t i e s o f t h e F e d e r a l D e p o s i t I n s u r a n c e C o r p o r a t i o n in 195 4 a n d 195 5 Number Examination Activity 6,896 6,839 6,636 222 38 6,630 168 41 Investigations— to ta l.......................................................................................... New bank investigations................................................................................... New branch investigations................................................................................ 410 234 176 274 143 131 Review of reports of examination of insured banks— to ta l............... National banks.................................................................................................... State banks members of Federal Reserve System.................................... . State banks not members of Federal Reserve System............................ 13,520 4,862 1,901 6,757 14,897 5,665 2,131 7,101 Bank examina tions— to ta l............................................................................... Regular examinations of insured banks not members of Federal Reserve System................................................................................................................ Special examinations.......................................................................................... Entrance examinations of operating noninsured banks............................. Citations for unsafe and unsound banking practices and viola tions of law. When examination of a bank reveals unsafe or unsound banking practices or a violation of law or regulations, the examiner confers with the officials of the bank and its board of directors. The necessary corrections are usually forthcoming. However, where such practices or violations persist, the Corporation has a legal duty imposed upon it by Section 8(a) of the Federal Deposit Insurance Act to institute proceedings for the involuntary termination of the insured status of such bank. Proceedings are initiated only after every effort has been made through cooperation with the bank to obtain the observance of SUPERVISORY ACTIVITIES 5 sound and lawful procedures; for the primary purpose of such proceedings is to secure discontinuance of the unsound and unlawful practices. The charges brought against seven banks cited in 1955 are sum marized in Table 2. The charges cannot be completely categorized; for a practice specified in one case may in another case have been unspecified although implicit in a broader charge. Table 2. Law U n sa f e or U n so u n d B a n k in g C h a r g e d a g a in s t Se v e n B a n k s b y Type of practice or violation P r a c t ic e s a n d V i o l a t i o n s o f C o r p o r a t io n D u r i n g 1955 th e Number of banks charged Case identification letters Capital: Impaired capital or surplus............................................. Inadequate capital structure........................................... Loans and investm ents: Carrying of adversely classified assets approximating total book capital account............................................... Concentration of bank’s funds in large lines of credit to a single borrower.......................................................... Concentration of loans in a line of credit adversely classified by examiners..................................................... Continued carrying of large volume of overdue loans.. Excessive amount of criticized assets............................... Excessive volume of loans in relation to total assets.. Granting of credit in form of an overdraft..................... Improvident loans or loans involving undue credit risks................................................................................... Lax and hazardous credit and collection policies.. . Loans to borrowers whose loans have previously been adversely classified.......................................... . .............. Loans to financially involved borrowers ........................ M anagem ent: Dissipation of capital by unwarranted dividends.......... Failure to maintain proper bank records......................... Failure of Board of Directors to establish compre hensive loan policies or to employ capable credit executive in conformance with recommendations of supervisory authorities............................................ Failure to comply with corrective recommendations of supervisory authorities and their respective examiners............................................................................. Failure to maintain adequate credit files and support ing instruments on loans.................. ............ ................... Irresponsible, self-serving or hazardous management. . Operation of bank while shortages existed...................... Unwarranted annual salary and bonus payments to former president and controlling stockholder............. Unwarranted use of bank’s credit facilities by officers and directors................................................................... b b c c f d d e g g Violations of law: Change of location of main office without consent of the Corporation.................................................................. Extension of credit to directors, officers and employees through medium of cash items held to prevent overdrafts...................................................................... .. Failure to maintain legally required reserves.......... .. Illegal loans......................................................................... Official deposit insurance signs not properly displayed Operation of bank without a legally constituted board of directors...................................................................... Violations of other specific State laws......................... The disposition or status of all cases in which banks have been charged with unsafe and unsound banking practices or violations of law or regula tions is shown in Table 3. 6 FEDERAL DEPOSIT INSURANCE CORPORATION T a b le 3 . w it h A c t io n s t o T e r m i n a t e I n s u r e d S t a t u s o f B a n k s C h a r g e d U n s a f e o r U n s o u n d B a n k i n g P r a c t ic e s o r V i o l a t i o n s of L a w o r R e g u l a t i o n s , 1 9 3 6 -1 9 5 5 Disposition or status 1936-19551 Pending Jan. 1, 1955 Started during 1955 Total banks against which action was ta k e n ......................... 170 12 7 Gases 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 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 operationa...................................................... 161 50 67 62 5 9 7 1 1 Gases not closed December 31, 1955............................................ Correction period not expired......................................................... Action deferred pending analysis of examination....................... Date set for termination of insured status.................................. 32 12 2 9 3 2 9 5 2 2 3 1 1 1 6 4 1 1 1 No action to terminate the insured status of any bank was taken before 1936. In 5 cases where initial action was replaced by action based upon additional charges, only the latter action is included. 2 One of these suspended 4 months after its insured status was terminated. A bank which has been formally charged with unsafe and unsound practices is afforded a period of time, as prescribed by law, in which to discontinue such practices and make necessary corrections. At the end of this correction period the bank is reexamined. If it is determined that unsafe and unsound practices still persist, the Board of Directors of the Corporation sets the time and place for a hearing, at which the bank is afforded opportunity to show cause why its insured status should not be terminated. At such hearings the bank may present any pertinent evidence, which is then carefully considered by the Board in reaching its decision. During 1955, five such hearings were held, in each of which the charges against the bank were sustained. As of January 1, 1955, there were pending 12 involuntary termination proceedings; during the year seven additional proceedings were instituted. Of these 19 cases, seven were dismissed during the year when the banks involved made the required changes or corrections, and in one other case corrections made after the hearing resulted in dismissal of the pro ceedings by the Board. In two cases in which it was necessary to order hearings, the banks suspended on the effective date for termination of their insured status when the State supervisory authority placed them in receivership. In the other two cases in which hearings were ordered, the Board had ordered termination of insured status effective March 1, 1956, but at the end of 1955 it appeared that the banks would make the necessary corrections before the effective date for termination of their insured status. There remained seven other cases pending at the end of 1955. SUPERVISORY ACTIVITIES 7 Admission to insured status. Banks that become members of the Federal Reserve System are insured without application to the Corporation. National banks located outside the 48 States and the District of Columbia which are not members of the Federal Reserve System may become insured upon application by the bank and certification by the Comptroller of the Currency. Other banks of deposit may apply to the Board of Directors of the Corporation for admission to insurance. In the case of a new bank, the Board acts upon an application for admission to insurance only after the bank has obtained a charter, or a commitment for one, from the appropriate State banking authority. During 1955 the Board acted upon 148 applications for admission to insurance; 117 applications were from new banks and 31 from operating banks. Except for 14 applications, all from new banks, all were approved for admission to insurance. Of the 103 new banks approved for admission to insurance, there were 12 each in Florida and Texas, 10 in Illinois, and 5 or more in Iowa, Louisiana, Alabama, Georgia and Oregon. Twelve of the 31 operating banks admitted to insurance were in Kansas. T a b le 4 . A p p l ic a t io n s A c t e d U p o n F ederal D e p o s it b y th e B oard of I n s u r a n c e C o r p o r a t io n D Type of application D ir e c t o r s o f t h e u r in g Total acted upon 1955 Approved Dis approved A ll applications.................................................................................... 615 576 39 Admission to insurance......................................................................... New banks............................................................................................. Operating banks................................................................................... 148 1171 SI 134 103 31 14 1U Continuation of insurance of banks withdrawing from F R S. . . . 2 2 Change in type of business— total...................................................... To engage in trust business................................................................ To engage in commercial banking..................................................... 25 21 U 22 18 u Assumption of deposit liabilities......................................................... Of another insured bank..................................................................... Of a noninsured bank......................................................................... Of a financial institution not a bank................................................ 33 22 8 3 33 22 8 3 Establishment of branches— total...................................................... New branch offices................................................................................ New facility.......................................................................................... Conversion of absorbed bank or financial institution..................... Other branches....................................................................................... 187 1501 1 27 9 178 U1 1 27 9 9 9 Change of location of offices— total.................................... .............. Main offices........................................................................................... Branches................................................................................................ 168 129 39 164 125 39 4 4 Retirement of capital— total................................................................ Held by R FC ........................................................................................ Held by others....................................................................................... 42 2 ho 40 2 38 2 Payment of dividend............................................................................. 3 3 Service of persons convicted of breach of trust.............................. 7 1 Excludes actions which were changed or rescinded later in the year. 3 3 * 7 8 FEDERAL DEPOSIT INSURANCE CORPORATION Other applications from banks. In addition to the applications for admission to insurance, the Board of Directors acted upon 467 other applications from banks in 1955. Most of these applications were made pursuant to provisions of the Federal Deposit Insurance Act or rules and regulations of the Corporation. A few were for modification of agreements previously made by the bank with the Corporation. The various types of applications acted upon by the Board of Directors in 1955 and the Board’s decisions regarding them are presented in Table 4. Reports from banks. The reports which banks are required to submit to the Corporation provide information useful both to the banks and to the supervisory authorities. All insured banks were required to submit statements of their assets and liabilities as of June 30 and December 31, 1955, and statements of their earnings, expenses, and dividends for the calendar year 1955. National banks and all banks in the District of Columbia submitted the reports to the Comptroller of the Currency; State banks belonging to the Federal Reserve System sent their reports to the respective Federal Reserve banks; all other insured banks made their reports to the Federal Deposit Insurance Corporation. Each of the Federal agencies tabulates and summarizes the data reported to it and makes the results available to the other agencies. Supplementing the reports from insured banks, the Corporation, by inter-agency agreement, gathers and prepares statistics of assets and liabilities of noninsured banks and trust companies, and provides the only complete statistical series for assets and liabilities of all operating banks. Reports relating to noninsured banks as of June 30 and December 31, 1955, were obtained through the assistance of State banking au thorities and of officials of unincorporated banks or other banking institutions not under Federal or State supervision. In addition to the regular calls, a special request for deposit information from all insured banks was made by this Corporation on September 21, 1955. This was the first such request since September 19, 1951. Like that one, its primary purpose was to assist in estimating the contingent liability of the Corporation in insuring bank deposits. The data on assets and liabilities, and on earnings and expenses of banks, are discussed in Part Two of this report, and shown in the sta tistical tables of Part Five. Results and analysis of the special request for deposit information as of September 21, 1955, are presented in Part Three of this report. Tabulations of the reports of assets and liabilities of all banks and of insured banks classified by State and class of bank are published by the Corporation in separate reports. ACTION TO PROTECT DEPOSITORS IN FAILING BANKS A c t io n t o P r o t e c t D e p o s it o r s in F a il in g 9 B anks Disbursements for protection of depositors in 1955. Notwith standing all the measures taken to assure sound banks, some banks nevertheless experience financial difficulties sufficiently serious to require disbursements by the Corporation to protect depositors. During 1955 the Corporation made disbursements to protect depositors of five insured banks, one each in California, Maine, and Texas, and two in Idaho. In two of the banks there were serious financial irregularities; two others were the victims of large defalcations; and one of the banks discontinued operation because of a deteriorating asset situation resulting from adverse local economic conditions. The five banks together had about 18,000 depositors with deposits totaling $12.0 million. Four of the banks were closed by the appropriate supervisory au thority, and the Corporation moved in promptly and began to pay de positors the amount of their insured deposits. In all four cases the Corpo ration was appointed receiver. In the case of the fifth bank, the deposit liabilities were assumed by another insured bank, with the Corporation purchasing those assets of the discontinuing bank which were not ac ceptable for transfer to the assuming bank. For these assets the Corpo ration paid cash equal to the difference between the bank’s deposit liabilities and the acceptable assets. Disbursements in the five cases totaled $6.8 million at the end of 1955. The assets acquired by the Corporation, as receiver or purchaser, in the five cases are being liquidated as opportunities arise to minimize losses without undue disruption of credit conditions in the various communities. It was expected at the end of 1955 that losses to the Corpo ration in the five cases, exclusive of costs incurred in paying claims, would be slightly in excess of $600,000. Disbursements for protection of depositors, 1934-1955. From the beginning of deposit insurance to the end of 1955 the Corporation disbursed funds to protect depositors of 429 banks. The four banks placed in receivership in 1955 brought the number of receivership cases to 249. In the remaining 180 cases, the Corporation made loans to or purchased assets of the financially distressed banks, thereby facilitating assumption of their deposits by other insured banks. In all the cases combined there were over 1.4 million deposit accounts and $571.9 million of deposits. In fulfilling its responsibility to depositors in these cases, the Corpo ration had disbursed or provided for disbursements of $336.2 million by the end of 1955; an additional $1.6 million was disbursed to facilitate termination of liquidations. Except for certain administrative expenses 10 FEDERAL DEPOSIT INSURANCE CORPORATION totaling $1.0 million, all disbursements by the Corporation are subject to recovery from the proceeds of liquidation, insofar as this is possible. The different types of disbursements and related data concerning re coveries and losses by the Corporation are presented in Table 5. T a b le 5. A n a l y s is o f D is b u r s e m e n t s a n d R e c o v e r ie s of 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 i n T r a n s a c t i o n s f o r P r o t e c t io n o f D e p o s it o r s a n d t o F a c il i t a t e T e r m i n a t i o n o f L i q u i d a t i o n s , 1 9 3 4 -1 9 5 5 (In thousands) Transactions for protection of depositors Disbursements potentially recoverable Item Total Total (429 banks) Disbursem ents........................ Principal.................................. Liquidation expenses............ Advances for asset protection............................ Payoff expenses..................... Other deposit insurance expenses............................... $337,737 290,073 14,136 $335,110 288,727 13,960 $243,686 197,303 13,960 32,509 874 32,423 32,423 Estimated future recoveries of disbursem ents........... Deposit insurance losses. . . On potentially recoverable disbursements. .............. On other transactions.. . . $91,424 91,424 Disburse ments not re coverable $1,019 $1,608 1,346 176 874 145 Estimated additional dis bursements .................. Recoveries and income to December 31, 1955......... Recoveries of disbursements.................... Profit and net income........... Deposit Receiver assumption ship cases cases (180 (249 banks) banks) Trans actions to facilitate termi nation of liquida tions 145 107 79 $304,975 $302,740 $227,626 $75,114 $2,235 304,147 828 302,740 227,626 75,114 1,407 828 2,483 $ 1,858 $ 28,108 $ 13,577 $14,531 28,108 409 28,108 13,577 14,531 4,352 Interest and allowable re turn collected............. $ N et loss of fu n d s. $ 19,752 8,765 $ 4,341 $ 79 $ 28,517 $ $ $ 8,765 $ 8,418 $ $ 19,343 $ 5,159 $14,184 $ 28 $ 11 $1,047 $ -638i 1,047 -638i $1,047 $ -638i 347 1 Net profit and net income. In receivership cases the depositors who are paid by the Corporation assign to it equivalent claims against the receiver of the bank. These entitle the Corporation to receivers' dividends on a parity with similar claims. When the Corporation makes a loan to or purchases assets from an insured bank to facilitate assumption of its deposits by another insured bank, the Corporation is entitled to recover its principal dis bursement from liquidation of the assets thereby acquired. In addition, the Corporation may recover its liquidation expenses and advances made to protect the value of assets awaiting liquidation. From any further proceeds the Corporation retains an amount equal to interest or a return on investment of 4 percent on the amounts advanced. ACTION TO PROTECT DEPOSITORS IN FAILING BANKS 11 Finally, if the Corporation purchases the residual assets in order to realize economies from the early termination of a case, all subsequent recoveries on such assets accrue to the Corporation. At the end of 1955 the Corporation had recovered $305.0 million. Ex pected additional recoveries of $4.3 million, if realized, would reduce losses on total disbursements to $28.5 million. Allowing further for interest collected on loans and allowable return received on purchased assets, together amounting to $8.8 million, the Corporation's net loss of funds through 1955 is estimated at $19.7 million. Losses o f depositors. Approximately nine-tenths of the total deposits in the four banks which were placed in receivership in 1955 were protected by deposit insurance, enjoyed secured or preferred status, or were offset by debts. Owners of the remaining one-tenth of deposits in the four banks have participated ratably in dividends derived from liquidation of the assets of the banks, paid by the Corporation in its separate capacity as receiver. Further dividends will be paid as additional recoveries are made. All deposit accounts of the insured bank handled by the assumption method in 1955 were fully protected, including those in excess of $10,000. Since the establishment of the Corporation, over 99 percent of all de posits in the 429 distressed insured banks have been paid to or recovered by the depositors. In 223 cases, including the 180 assumption cases, no depositor suffered any loss; and in each of 186 other cases depositors as a group lost less than 5 percent. Of the remaining 16 cases which have been terminated, only six entailed losses to depositors greater than 10 percent; and the greatest loss was 24 percent in one of the banks placed in receivership in 1936. In four receivership cases, losses to depositors have not yet been determined. F in a n c e s o f t h e C o r p o r a t io n Sources o f incom e. To fulfill the continuing financial responsibilities of the Corporation, insured banks are required to pay regular assessments. The assessment rate is 1/12 of one percent annually of total deposits less certain authorized exclusions and deductions. Against current assessments the banks are allowed a credit, under terms of the Federal Deposit Insurance Act of 1950, amounting to 60 percent of net assess ment income; i.e., assessment income remaining after deduction of insurance losses and operating expenses. The Corporation retains 40 percent of net assessment income. Funds of the Corporation in excess of amounts needed for its opera tions have, in accordance with statute, been invested in United States 12 FEDERAL DEPOSIT INSURANCE CORPORATION Government securities. Interest on these obligations constitutes an im portant secondary source of income. In addition, the Corporation has received some income on assets acquired in connection with the financial assistance it has provided to depositors of distressed banks. Income and its disposition in 1955. Total income of the Corpo ration during 1955 was $191.0 million. Of this, $151.4 million represented assessments due; after deducting insurance losses and operating expenses of $9.5 million, net assessment income amounted to $141.9 million, before giving effect to applicable assessment adjustments of $0.3 million. Insured banks received credits for $85.3 million of this adjusted net assessment income, and $56.9 million was retained by the Corporation. This latter amount, together with investment income and adjustments totaling $40.0 million, resulted in an increase of $96.9 million in the deposit insurance fund, raising it to $1,639.6 million at the end of 1955. T a b le 6. I ncome and C o r p o r a t io n E xpenses and for th e Y of the C hanges ear F ederal D in t h e E nded D D e p o s it ecem ber e p o s it I n surance I nsurance F und 31, 1955 INCOME AN D EXPENSES Net income for the year ended December 31, 1955: Income: Deposit insurance assessments.................................................... Less— net assessment income credit due insured banks, (see table 8 ) ................................................................................. Income from U. S. Government securities. Other income..................................................... $151,412,379 85,303,489 $ 66,108,890 39,574,978 23,855 Total income. Expenses and losses: Administrative and operating expenses (see table 7). Provision for reserve for insurance losses.................... Other insurance losses and expenses............................. $ 105,707,723 8,668,047 772,841 94,855 Total expenses and losses. 9,535,743 N et income (addition to the deposit insurance fund) for the year ended December 31, 1955........................... $ 96,171,980 DEPOSIT INSURANCE FUND $1,542,697,382 Deposit insurance fund, December 31, 1954. . Adjustments applicable to periods prior to January 1, 1955 (increasing the fund): By reduction of reserves for insurance losses (net): Applicable to net assessment income................................ Not applicable to net assessment income........................ By additional assessments (net) . . By additional other income (net). Total adjustments.................................................... Deposit insurance fund, December 31, 1954 as adjusted Net income for the year ended December 31, 1955 (see above)addition to the fund................................................................ Deposit insurance fund, December 31, 19551. 1 See footnote 2, Table 10. 295,846 37,687 333,533 381,342 4,595 719,470 $1,543,416,852 96,171,980 $1,639,588,832 13 FINANCES OF THE CORPORATION T a b le 7 . A d m i n is t r a t i v e a n d O p e r a t i n g E x p e n s e s o f t h e F e d e r a l D I n s u r a n c e C o r p o r a t io n F o r t h e Y e a r E n d e d D e c e m b e r 3 1 , 1 9 5 5 e p o s it Personal services........................................................................................................................... Travel.............................................................................................................................................. Transportation of things............................................................................................................. Communication services.............................................................................................................. Rents and utilities........................................................................................................................ Printing and reproduction.......................................................................................................... Supplies and materials................................................................................................................. Equipment....................................................................................... .............................................. Other contractual services.......................................................................................................... $6,154,510 1,561,623 20,461 88,035 417,700 103,031 38,546 91,844 199,287 T o ta l...................................................................................................................... Less: Recoverable expenses and other credits...................................................................... $8,675,037 6,990 Net administrative and operating expenses.................................................................. $8,668,047 The net assessment income credit to banks of $85.3 million is allocated among the insured banks in proportion to their assessments which be came due in 1955, and becomes available to them on July 1, 1956, for use in paying current deposit insurance assessments. The credit received by each insured bank is equal to 56.37 percent of its 1955 assessment, approximately the same percentage as in each year since 1950. Income and expenses of the Corporation in 1955 are presented in Table 6. A breakdown of the administrative and operating expenses of the Corporation is shown in Table 7. The computation of net assess ment income and its allocation between the Corporation and insured banks are given in Table 8. T a b le 8 . D D i s t r i b u t io n o f N e t A s s e s s m e n t I n c o m 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 o r t h e Y e a r E n d e d D e c e m b e r 3 1 , 1955 e t e r m in a t io n a n d of th e Determination of net assessment incom e: Total assessments which became due during the calendar year................................................................................................ Less: Operating costs and expenses...................................................... Net additions to reserves to provide for insurance losses: Provided in 1955........................................................................ Adjustments to provisions made prior to 1955 (reduction) $151,412,379 $ $ 772,841 295,846 8,668,047 476,995 94,855 Other insurance losses and expenses......................................... $ Total deductions............................................................ 9,239,897 $142,172,482 Net assessment income for 1955..................................................... Distribution of net assessment income, December 31, 1955: Net assessment income for 1955: 40 percent transferred to deposit insurance fund.................. Balance credited to insured banks............................................. $ 56,868,993 85,303,489 $142,172,482 Total................................................................................. Credit for 1955.................................................................................... Adjustments of credits for prior years.......................................... $85,303,489 50,565 Percent of total assessments be coming due in 1955 56.34% .03 Total................................................................................. $85,354,054 56.37% Allocation of net assessment income credit insured banks, December 31, 1955: among 14 FEDERAL DEPOSIT INSURANCE CORPORATION Income and expenses of the Corporation in each year of its operation, and cumulative through December 31, 1955, are shown in Table 9. T a b le 9 . 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 , b y Y e a r s , f r o m B e g i n n i n g o f O p e r a t i o n s , S e p t e m b e r 11, 1933 t o D e c e m b e r 3 1 , 1 9 5 5 , A d ju st e d to D e c e m b e r 3 1 , 1955 (In millions) Income Year Total Deposit insurance assess ments Expenses In vestments and other sources Total Deposit Interest insurance on losses capital and stock8 expenses1 Adminis trative and operating expenses Net income added to deposit insurance fund* $1,856.3 $1,381.04 $475.3 $216.7 $28.5 $107.6 $1,639.6 1955 1954 105.7 99.6 66.14 62.34 39.6 37.3 9.5 7.8 .8 .1 8.7 7.7 96.2 91.8 1953 1952 1951 1950 1949 94.1 88.6 83.7 84.8 150.9 60.14 57.34 54.24 54.24 122.5 34.0 31.3 29.5 30.6 28.4 7.3 7.8 7.0 7.8 6.4 .1 .8 .1 1.4 .3 7.2 7.0 6.9 6.4 6.1 86.8 80.8 76.7 77.0 144.5 146.9 157.7 130.9 121.2 99.5 119.3 114.4 107.0 93.7 80.9 27.6 43.3 23.9 27.5 18.6 7.3 10.4 10.4 9.7 9.7 .7 .1 .1 .1 .1 .6 4.8 5.8 5.8 5.8 6.0 5.5 4.5 3.8 3.8 139.6 147.3 120.5 111.5 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 10.2 10.3 10.1 12.9 16.4 .2 .5 .6 3.5 7.2 5.8 5.8 5.8 5.8 5.8 4.2 4.0 3.7 3.6 3.4 76.5 59.1 51.9 43.0 34.8 1938 . ,, 1937 1936 1935 1 933-34.. 47.7 48.2 43.8 20.8 7.0 38.3 38.8 35.6 11.5 (6) 9.4 9.4 8.2 9.3 7.0 11.3 12.2 10.9 11.3 10.0 2.5 3.7 2.6 2.8 .2 5.8 5.8 5.8 5.8 5.6 3.0 2.7 2.5 2.7 4.2« 36.4 36.0 32.9 9.5 -3.07 1933-1955 1948 1947 1946 1945 1944 , ,. , , , ,. . , , $80.6 1 Includes nonrecoverable expenses incurred pursuant to the insurance of deposits in closed insured banks. 2 Paid in 1950 and 1951, but allocated among years to which it applies. Initial capital of $289 million was retired by payments to the United States Treasury in 1947 and 1948. * The amounts shown herein give effect to adjustments to the deposit insurance fund in the years to which they are applicable, whereas the amounts of the Fund shown in Table 11 represent the Fund as reported on the dates specified. Hence the deposit insurance fund reported in Table 11 cannot be computed by annual addition of income reported herein, except for the Fund as of December 31, 1955. 4 Net after deducting the portion of net assessment income credited to insured banks, pursuant to provisions of the Federal Deposit Insurance Act of 1950. 6 Assessments collected from insured banks, members of the temporary insurance funds which be came insured under the permanent plan, were credited to their accounts in total at the termination of the temporary funds, and were applied toward payment of subsequent assessments becoming due under the permanent insurance fund, resulting in no income to the Corporation from assessments during the existence of the temporary insurance funds. • Net after deducting the portion of expenses and losses charged to banks withdrawing from the temporary insurance funds on June 30, 1934. 7 Deduction. Assets and liabilities, December 31, 1955. The assets of the Corpo ration on December 31, 1955, totaled $1,734.1 million. Nearly all, or $1,725.5 million, consisted of United States Government securities and accrued interest thereon; $4.1 million was represented by cash and $4.5 million by assets acquired in receivership and deposit assumption trans actions and other assets. 15 F IN A N C E S OF T H E CO R PO R ATIO N Liabilities of the Corporation at the end of 1955 totaled $94.5 million and consisted principally of net assessment income credits due insured banks. The excess of the Corporation’s assets over its liabilities, amount ing at the end of 1955 to $1,639.6 million, constitutes the Corporation’s resources in fulfilling the deposit insurance obligation. It is authorized to borrow from the United States Treasury an amount not exceeding $3 billion outstanding at any one time, if needed for insurance purposes, a power so far unused. The assets and liabilities of the Corporation on December 31, 1955, are given in Table 10. T a b le 1 0. A ssets and L ia b il it ie s C o r p o r a t io n , D of th e F ederal D ecem ber e p o s it I nsurance 3 1 , 195 5 ASSETS Cash........................................................................................................... U. S. Government obligations: Securities at amortized cost (face value $1,724,900,000; market or redemption value, $1,690,591,781)........................ Accrued interest receivable.............................................................. 4,131,332 $1,719,725,554 5,747,065 Assets acquired in receivership and deposit assumption trans actions: Subrogated claims of depositors against closed banks......... Net insured balances of depositors in closed banks, to be subrogated when paid— contra............................................... Loans on assets............................................................................... Assets purchased under agreements to return any excess recovery to selling banks......................................................... Other purchased assets................................................................. 1,725,472,619 2,131,256 79,436 2,233,865 9,258,693 15,800 13,719,050 9,366,975 Less— reserves for losses............................................................... 4,352,075 Deferred charges and sundry assets............................................... Furniture, fixtures, and equipment............................................... 140,757 Total assets.............................................................. $1,734,096,784 1 LIABILITIES1 Accounts payable and miscellaneous accrued liabilities........... Earnest money, escrow funds, and collections held for others Accrued annual leave of employees............................................... Due insured banks: Net assessment income credits available July 1, 1956......... Other.................................................................................................. $ 85,354,054 7,365,266 $ 503,240 164,702 1,007,353 $ 92,719,320 5,948 79,436 27,953 Deferred credits.................................................................................. Net insured balances of depositors in closed banks— contra. . Reserve for deposit insurance expenses........................................ Total liabilities....................................................... $ 94,507,952 DEPOSIT INSURANCE FUND Fund (see Table 6)*.......................................................................... 1,639,588,832 T otal liabilities and fu n d .................................. $1,734,096,784 1 Capital stock was retired by payments to the United States Treasury in 1947 and 1948, pursuant to the Acts of August 5, 1947 (61 Stat. 773) and June 29, 1948 (62 Stat. 1,092). 2 The deposit insurance fund represents the cumulative net income (surplus) of the Corporation from its inception to December 31, 1955. For the protection of depositors, in addition to this fund, the Corporation is authorized to borrow up to three billion dollars from the United States Treasury when in the judgment of the Board of Directors such funds are required for insurance purposes. The insurance fund and insured deposits. The ratio of the deposit insurance fund to insured deposits has increased slightly in the last few FEDERAL DEPOSIT INSURANCE CORPORATION 16 years, but is smaller than at the beginning of deposit insurance in 1934. At the end of 1955 the fund amounted to 1.4 percent of insured deposits, as compared with 1.9 percent at mid-year 1934. The relationship of the deposit insurance fund to insured deposits and to total deposits for each mid-year and year-end date since 1934 is shown in Table 11. Table 11. I nsured D e p o s it s and the Deposits in Insured banks (in millions) Date Total D e p o s it I nsurance Percent of deposits insured Deposit insurance fund (in millions) Insured1 3 1 ............................... 3 0 ............................... 3 1 ............................... 3 0 ............................... $212,226 200,764 203,195 191,652 $116,380 110,437* 110,973* 105,0312 1953 Dec. 3 1 ............................... June 3 0 ............................... 1952 Dec. 3 1 ............................... June 3 0 ............................... 1951 Dec. 3 1 ............................... June 3 0 ............................... 1950 Dec. 3 1 ............................... June 3 0 ............................... 1949 Dec. 3 0 ............................... June 3 0 ............................... 193,466 181,740 188,142 176,703 178,540 164,608 167,818 156,120 156,786 148,657 105,610* 100,743* 101,842* 96,215* 96,713 89,753 91,359 76,891 76,589 74,212 54.6 55.4 54.1 54.4 54.2 54.5 54.4 49.3 48.8 49.9 1948 Dec. 3 1 ............................... June 3 0 ............................... 1947 Dec. 3 1 ............................... June 3 0 ............................... 1946 Dec. 3 1 ............................... June 3 0 ............................... 1945 Dec. 3 1 ............................... June 3 0 ............................... 1944 Dec. 3 1 .............................. June 3 0 .............................. 153,454 148,562 154,096 145,597 148,458 151,628 158,174 143,953 134,662 122,415 75,320 73,705 76,254 74,097 73,759 70,486 67,021 60,373 56,398 50,542 1943 Dec. June 1942 Dec. June 1941 Dec. June 1940 Dec. June 1939 Dec. June 3 1 ............................... 3 0 ............................... 3 1 ............................... 3 0 ............................... 3 1 ............................... 3 0 .............................. 3 1 .............................. 3 0 ............................... 3 1 .............................. 3 0 ............................... 111,650 97,321 89,869 73,027 71,209 67,419 65,288 59,853 57,485 53,573 1938 Dec. June 1937 Dec. June 1936 Dec. June 1935 Dec. June 1934 Dec. June 3 1 .............................. 3 0 ............................... 3 1 .............................. 3 0 ............................... 3 1 ............................... 8 0 ............................... 3 1 ............................... 3 0 ............................... 3 1 ............................... 3 0 ............................... 50,791 48,469 48,228 48,832 50,281 47,637 45,125 41,378 40,060 36,873 1955 Dec. June 1954 Dec. June 54.8% 55.0 54.6 54.8 F und, 1934-1955 Ratio of deposit insurance fund to— Total deposits Insured deposits .77% .79 .76 .78 1.41% 1.44 1.39 1.43 1,450.7 1,406.6 1,363.5 1,322.5 1,282.2 1,243.8 1,243.9 1,277.1 1,203.9 1,134.2 .75 .77 .72 .75 .72 .76 .74 .82 .77 .76 1.37 1.40 1.34 1.37 1.33 1.39 1.36 1.66 1.57 1.53 49.1 49.6 49.5 50.9 49.7 46.5 42.4 41.9 41.9 41.3 1,065.9 1,007.4 1,006.1 1,133.7 1,058.5 992.7 929.2 868.5 804.3 752.3 .69 .68 .65 .78 .71 .65 .59 .60 .60 .61 1.42 1.37 1.32 1.53 1.44 1.41 1.39 1.44 1.43 1.49 48,440 38,437 32,837 28,873 28,249 27,398 26,638 24,708 24,650 24,237 43.4 39.5 36.5 39.5 39.7 40.6 40.8 41.3 42.9 45.2 703.1 658.8 616.9 583.9 553.5 523.4 496.0 469.6 452.7 424.5 .63 .68 .69 .80 .78 .78 .76 .78 .79 .79 1.45 1.71 1.88 2.02 1.96 1.91 1.86 1.90 1.84 1.75 23,121 22,540 22,557 22,544 22,330 21,139 20,158 18,954 18,075 16,831 45.5 46.5 46.8 46.2 44.4 44.4 44.7 45.8 45.1 45.6 420.5 402.0 383.1 364.1 343.4 323.8 306.0 335.0 291.7 319.0 .83 .83 .79 .75 .68 .68 .68 .81 .73 .87 1.82 1.78 1.70 1.62 1.54 1.53 1.52 1.77 1.61 1.90 $1,639.6 1,590.5 1,542.7 1,496.7 1 Estimated by applying to the deposits in the various types of account at the regular call dates the percentages insured as determined from special reports secured from insured banks. * Differs from previously published estimate because of the availability of new information on the proportion of deposits insured, secured from a special call on September 21, 1955. The risk to the Corporation as an insurer of deposits is not adequately indicated by ratios of its fund to insured deposits. Specific areas of risk must also be considered. One type of risk is exemplified by those insured FINANCES OF THE CORPORATION 17 banks which have relatively thin capital margins, or which have large amounts of doubtful or substandard assets compared to their capital accounts, or which for other reasons appear especially vulnerable to adverse circumstances. Another type of risk results from the concentra tion of insured deposits in a relatively small number of banks, as illus trated in Chart B. As indicated there, insured deposits in six banks are almost six times the amount of the deposit insurance fund. C h art B. T h e D e p o sit In su ra n c e F und and In su red D e p o s it s , S e p te m b e r 2 1 , 1955 Audit. As required by the Federal Deposit Insurance Act, the Comp troller General of the United States makes an annual audit of the Corpo ration. The short form of the audit report for the year ended June 30, 1955, as furnished to the Corporation by the Comptroller General, is given in Table 14, on pages 20-22. L egal D evelopm ents Federal legislation. No legislation directly affecting deposit in surance or insured banks in general was enacted during the first session of the 84th Congress. Rules and regulations of the Corporation. The rules and regula tions of the Corporation were amended, and the amendments were published in the Federal Register of May 14, 1955 (20 F. R. 3328), with effective date of May 16, 1955, and in the Federal Register of December 18 FEDERAL DEPOSIT INSURANCE CORPORATION 6, 1955 (20 F. R. 8949), with effective date of December 7, 1955. Under the former amendment the term “ savings deposit” in paragraph (e) of Section 329.1 was enlarged to include a deposit of funds described in that paragraph, when evidenced by a written receipt or agreement although not by a passbook. Under the latter amendment the provisions of Part 329, relating to the payment of deposits and interest thereon by insured nonmember banks, were made inapplicable to guaranty savings banks operating in the State of New Hampshire so long as said guaranty savings banks operate substantially under and pursuant to the laws of the State of New Hampshire pertaining to mutual savings banks and do not engage in commercial banking.1 These amendments are given in Part Four of this report. Organization. Section 3 of the Description of Organization of the Corporation, relating to delegation of final authority, published in the Federal Register of March 27, 1954 (19 F. R. 1681), and set forth in the Annual Report for 1954 on pages 97-101, was amended and pub lished in the Federal Register of August 24, 1955 (20 F. R. 6198). It is reprinted in Part Four of this report. State legislation. A summary of State banking legislation enacted in 1955 is given in Part Four of this report. O r g a n iz a t io n and P erso nn el Directors and employees. Responsibility for administration of the Federal Deposit Insurance Corporation resides in a three-member Board of Directors. There were no changes in the membership of the Board during 1955. The directors and other Corporation officials are listed on page v, and an organization chart of the Corporation is shown on page iv. Names of the Corporation’s supervising examiners and locations of the district offices are given on pages vi and vii. The Corporation had a total of 1,131 employees on December 31, 1955, representing an increase of 44 over the previous year. Almost three-fourths of the Corporation’s personnel are employed in the Divi sion of Examination, and most of these are bank examiners working in the field. A distribution of the Corporation’s employees according to Division and location is presented in Table 12. During 1955 a total of 216 persons left the employ of the Corporation. These separations resulted in a turnover ratio of 19.3 per 100, or 14.1 per 100 if temporary personnel engaged in field liquidation activities are excluded. 1 Guaranty fund savings banks in New Hampshire are included in banking statistics in the category of "commercial and State savings banks and nondeposit trust companies." ORGANIZATION AND PERSONNEL Table 12. N 19 O f f ic e r s a n d E m p l o y e e s o f t h e F e d e r a l D I n s u r a n c e C o r p o r a t io n , D e c e m b e r 31, 1955 u m b er of Division Washington Office Total T o ta l................................................................................................... 1,131 294 Directors......................................................................................... Executive Offices.......................................................................... Legal Division............................................................................... Division of Examination............................................................ Division of Liquidation.............................................................. Division of Research and Statistics......................................... Audit Division............................................................................... Office of the Controller............................................................... 3 16 22 816 58 43 50 123 3 16 22 52 19 43 16 123 e p o s it District and other field offices 837 764 39 34 Employee benefits and programs. At the end of 1955, 97 percent of the Corporation’s employees were included in the United States Civil Service Retirement System; the remaining 3 percent, who were ineligible for that System, were covered by the Social Security Act. Almost 98 percent of the eligible employees had by December 31, 1955 availed themselves of the group life insurance benefits provided under the Federal Employees’ Group Life Insurance Act of 1954. Since 1952 the ization, surgical, ration bears the bearing the cost Corporation has provided for its employees a hospital and in-hospital medical benefits program. The Corpo cost of this program for its employees, who may by thereof extend it to cover dependents. The “ one package’’ plan for charitable contributions adopted by Washington office employees in 1954 continued in 1955 to command the generous support of employees. This plan has reduced the multi plicity and expense of charity appeals and at the same time has proven a convenience to employees, most of whom fulfill their pledge through regular payroll deductions. At the end of 1955 over 95 percent of the Washington office employees participated, and during the year contri butions exceeded those previously given to the various charities. Educational program. Since 1946 the Division of Examination has carried on an educational program for its examiners. In 1955 this program was extended to include auditors of the Audit Division. The program consists primarily of correspondence courses given by the American Institute of Banking and special graduate courses in banking at three universities. Costs of these courses are paid by the Corporation. The special graduate programs are conducted by The Graduate School of Banking at Rutgers University, the School of Banking at the University of Wisconsin, and The School of Banking of the South at Louisiana State University. Each of the graduate programs requires for completion three summer resident sessions, each of two weeks’ dura tion, and itwo years of intensive nonresident study. FEDERAL DEPOSIT INSURANCE CORPORATION 20 The results of this program in terms of more effective personnel are highly gratifying to the Corporation. The extent of examiner participa tion in the program, since its inception and in 1955, is indicated in Table 13. Table 13. R esults C o r p o r a t i o n ’ s E d u c a t io n a l P r o g r a m E x a m i n e r s , 1 9 4 6 -1 9 5 5 of th e for Number Activity Examiners participating in program on December 31, 1955— to ta l.................... In American Institute of Banking correspondence courses........................................... In other correspondence courses........................................................................................... In resident aourses............................................................................................ ....................... In graduate banking school courses..................................................................................... 388 340 1 12 35 Courses completed during 1955 All educational courses............................................................................................................ Graduate banking school diplomas received.............................................. ....................... 212 Courses completed 1946-1955 All educational courses............................................................................................................ Graduate banking school diplomas received..................................................................... 1,868 Certificates or diplomas received by examiners employed December 31, 1955 From American Institute of Banking Pre-Standard.......................................................................................................................... Standard.................................................................................................................................. Graduate................................................................................................................................. From graduate banking schools............................................................................................ 19 110 124 51 13 95 In addition to the regular Corporation educational program, certain Assistant Examiners employed by the Corporation have been afforded an opportunity to attend the sessions of the Inter-Agency Bank Ex amination School which is conducted in Washington by the three Federal bank supervisory authorities. During 1955, 24 Corporation employees were enrolled for the junior sessions of this school and 3 employees were enrolled for the senior session. The junior session is designed for newly employed Assistant Examiners and the senior session for Assistant Examiners who have demonstrated their capability. Table 14. A u d i t R e p o r t 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 o r t h e Y e a r E n d e d J u n e 3 0 , 1955 C o m p tr o lle r G e n e r a l of t h e U n ite d S t a t e s W a s h in g to n 25 B-l 14831 December 15, 195 5 Board of Directors Federal Deposit Insurance Corporation Gentlemen: The D ivision of Audits, General Accounting Office, has made an audit of 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 tio n , an independent Governm ent agency, for the fiscal year ended June 3 0 ,1 9 5 5 , in accordance with section 17 (b) of the Federal D eposit Insurance A ct (12 U.S.C. 1 8 2 7 ). This audit included an examination of the balance sheet of Federal Deposit Insurance Corporation as of June 3 0 , 195 5 , and the related statement of income and deposit insurance fund for the year then ended. The examination was made in accordance 21 AUDIT OF THE CORPORATION Table 14. A u d i t R e p o r t 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 o r t h e Y e a r E n d e d J u n e 30, 1955—Continued with generally accepted auditing standards and included such tests of the accounting records and such other auditing procedures as were 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 the opinion of the General Accounting Office, the accompanying balance sheet (exhibit 1) and statement of income and deposit insurance fund (exhibit 2) present fairly the financial position of Federal Deposit Insurance Corporation at June 30, 1955, 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. Sincerely yours, /s / J o s e p h C a m p b e l l Comptroller General of the United States Exhibit 1. 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 , B a l a n c e S h e e t , J u n e 30, 1955 ASSETS $ U. S. Government obligations: Securities, at amortized cost (face value, $1,711,200,000; market or redemption value, $1,693,632,109)........................ Accrued interest receivable.............................................................. $1,706,136,488 5,392,131 Assets acquired in deposit assumption and receivership transactions: Subrogated claims of depositors against closed insured banks. Net balances of depositors in closed insured banks, to be subrogated when paid— contra................................................... Loans to insured banks..................................................................... Equity in assets acquired under purchase agreements............. Assets purchased outright................................................................ Less estimate for losses..................................................................... 2,905,635 1,711,528,619 1,836,870 79,619 2,235,189 7,619,438 15,583 11,786,699 9,229,098 2,557,601 Accounts receivable, deferred charges, and sundry assets. 197,971 Furniture, fixtures, and equipm ent, less accumulated depreciation of $563,450............................................................... 1 $1,717,189,827 LIABILITIES AN D DEPOSIT INSURANCE FU ND Accounts payable and accrued liabilities................................. $ Earnest m oney, escrow funds, and collections held for oth ers............................................................................................... 685,767 181,637 Employees’ accrued annual leave................................................ 1,093,537 Deferred credits................................................................................... 22,707 N et balances of depositors in closed insured banks— contra 79,619 Net assessment income credits due insured banks (note 1): Available July 1, 1955...................................................................... Estimated amount available July 1, 1956, from net assess ment income for 6 months ended June 30, 1955.................... Total liabilities............................................................... Deposit insurance fund, representing accumulated income from inception to June 30,1955, available for future deposit insurance losses and related expenses (note 2 and exhibit 2). 82,007,137 42,578,756 124,585,893 126,649,160 1,590,540,667 $1,717,189,827 The notes following exhibit 2 are an integral part of this statement. 22 FEDERAL DEPOSIT INSURANCE CORPORATION Table 14. A u d i t R e p o r t 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 o r t h e Y e a r E n d e d J u n e 30, 1955—Continued Exhibit 2. and D 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 t a t e m e n t I n s u r a n c e F u n d f o r t h e Y e a r E n d e d J u n e 30, e p o s it of I ncome 1955 Deposit insurance assessments............................................................ $ 148,462,895 Deduct net assessment income credits due insured banks (note 1) 83,805,707 Income from U. S. Government securities 38,066,969 64,657,188 Other income................................................... 39,685 102,763,842 Deduct: Administrative and operating expenses: Salaries..................................................... Travel....................................................... Bents and utilities................................. Other......................................................... $5,864,702 1,500,738 408,194 514,804 8,288,438 Estimated deposit insurance losses and expenses on cases acquired during the year.............................................................. 787,234 9,075,672 Net Income for year transferred to deposit insurance fund.. . . 93,688,170 Deposit insurance fund, June 30, 1954............................................. 1,496,692,007 Net adjustment of prior year’s estimate of losses restored to deposit insurance fund.................................................................. 160,490 Deposit insurance fund, June 30, 1955 (note 2 and exhibit 1 )... $1,590,540,667 The notes below are an integral part of this statement. N o te s to t h e F in a n c ia l St a t e m e n t s — J u n e 30, 1955 1. Section 7(d) of the Federal Deposit Insurance Act (12 U.S.C. 1817(d)) 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 by 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. At June 30, 1955, the net amount due the banks for credits computed on the net assessment income of calendar year 1954, as adjusted, was $81,625,899; in addition, there was a liability of $381,238 repre senting adjustments of prior years' credits. The actual amount of credit due the banks from calendar year 1955 net assessment income is not determinable until after December 31, 1955. For statement purposes, however, an estimated credit for the first 6 months of 1955 has been computed to be $42,578,756. 2. At June 30, 1955, the deposit insurance fund was equivalent to 1.42 percent of the insured deposits in all banks, estimated by the Corporation at 112.2 billion dollars. This fund, however, is not a measure of the deposit insurance risk, and its adequacy to meet future losses will depend on future economic conditions which cannot be predicted. Based on data compiled by the Corporation, the fund appears to be adequate to cover any potential losses at June 30, 1955. The Corporation may borrow from the United States Treasury, at interest, such funds as in the judgment of the board of directors of the Corporation are required from time to time for insurance urposes, not exceeding, in the aggregate, three billion dollars outstanding at any time. The Corporation as never used this borrowing power. 3. Under existing law, the Corporation is not required to bear the Government’s share of the cost of providing retirement, disability, and compensation (including unemployment) benefits for the em ployees of the Corporation. These costs are estimated to be approximately $335,000 for the fiscal year 1955. E PART TWO BANKING DEVELOPMENTS N um ber of Banks and T h e ir Insu ran ce Status Changes in number of operating banks and branches. During 1955 the number of banking offices in the United States increased by more than 2 percent, totaling 21,675 at the year-end. As has been true during each year since 1947, the number of banks declined, with a more than offsetting increase in the number of branches. At the end of 1955 the number of operating banks was 14,284, down almost 1 percent from the end of the preceding year, while the number of branches totaled 7,391, up more than 9 percent from the same date. The number of banks and branches at the end of each year since 1946, and the increase or decrease during each year, are shown in Table 15. Table 15. N u m b e r a n d C h a n g e s U n i t e d S t a t e s (C o n t i n e n t a l U . S . Number at end of year or period Year or period Total banking offices Banks in B a n k i n g O f f ic e s Oth er A r e a s)r and Change in number Total Branches1 banking offices Banks in th e 1946-1955 Percentage change Total Branches1 banking offices 1947-1955.. 21,675 14,284 7,391 2,696 -475 3,171 1955........ 1954........ 1953 1952 1951........ 1950 . . . . 1949 1948 1947 , 1946 . . . 21,675 21,160 20,779 20,450 20,155 19,851 19,600 19,366 19,175 18,979 14,284 14,409 14,552 14,617 14,661 14,693 14,736 14,753 14,767 14,759 7,391 6,751 6,227 5,833 5,494 5,158 4,864 4,613 4,408 4,220 515 381 329 295 304 251 234 191 196 -125 -143 -6 5 -4 4 -32 —43 -1 7 -1 4 8 640 524 394 339 336 294 251 205 188 14.2% 2.4 1.8 1.6 1.5 1.5 1.3 1.2 1.0 1.0 Banks -3 .2 % - .9 -1 .0 - .4 - .3 - .2 - .3 - .1 - .1 .1 Branches1 75.1% 9.5 8.4 6.8 6.2 6.5 6.0 5.4 4.7 4.5 1 Includes “facilities” at military installations. Increases during 1955 in the number of branches were not restricted to any one section of the nation but were widespread, occurring in 37 States. The number of banks increased in 18 States and decreased in 23 States. Most of the States with an increase in the number of banks have relatively little branch banking; States in which substantial declines occurred in the number of banks were those experiencing large increases in the number of branches. Changes in the number of banks and branches, and thus in the total number of banking offices, occur for a variety of reasons, the significance of which may differ markedly. Table 16 summarizes the types of change which have occurred among banks and branches during each year be ginning with 1947. Most of the banks ceasing operations have been absorbed by, or consolidated or merged with, other banks. The number of such combinations has increased substantially in each of the last four years, and during 1955 was approximately three times the 1951 level. Since 1946 there has been some variation in the number of banks ceasing 25 26 FEDERAL DEPOSIT INSURANCE CORPORATION operation for other reasons, such as suspensions and other liquidations, but the numbers have been small and display no significant trend. T a b le 1 6 . A n a l y s i s o f C h a n g e s i n t h e N u m b e r o f B a n k i n g O f f ic e s i n t h e U n i t e d S t a t e s (C o n t i n e n t a l U . S. a n d O t h e r A r e a s ), 1 9 4 7 -1 9 5 5 Banks All banking of Year fices— Net net change change 1955 1954 1953 1952 1951 1950 1949 1948 1947 515 381 329 295 304 251 234 191 196 -125 -143 -65 -44 -32 -43 -1 7 -1 4 8 Branches Ceased operations Opened for Other Other business addi addi tions tions Dis to ( + ) to ( + ) Began or de Net con or de opera Suc letions change tinued— letions tions1 ceeded Other Ab Liqui from total6 from ab new sorbed2 dated3 (-) (-) sorbed branches5 count— count— banks net4 net4 116 72 65 69 63 69 72 78 113 231 207 115 99 78 89 76 77 82 10 9 12 16 18 15 20 15 15 + 1 -3 +2 + 1 -8 + 7 -8 640 524 394 339 336 294 251 205 188 206 181 97 84 59 73 61 59 55 483 378 323 278 298 231 195 162 165 50 37 29 21 24 22 8 20 31 + 1 +2 +3 -2 -f-3 + 12 +3 +4 -1 Detailed data: Table 101, Annual Reports of the Federal Deposit Insurance Corporation, 1947-1955. 1 Mostly new banks, but includes a few previously operating financial institutions which became banks of deposit. 2 Net decrease as a consequence of absorptions, consolidations, and mergers. 3 Suspensions and voluntary liquidations. Also includes in each year from one to four cases of banks, the deposits of which were assumed with FDIC aid. 4 Includes revisions in classification and changes occurring in prior years, but on which no informa tion was available until given year. 5 In each year includes: from one to five cases of branches established at places at which a bank had recently been liquidated; suspended, or removed; and from one to thirty-nine facilities established in or near military installations at the request of the Treasury or Commanding Officer of the installation. 6 In each year (except 1949, 1951, and 1952) includes from one to ten facilities discontinued at military installations. The increasing number of absorptions, consolidations, and mergers has had an effect on the formation of branches. Since 1946 about four out of five banks losingftheir identity in such combinations have been converted into branches of the absorbing banks. Branches formed in this way accounted for about 30 percent of all branches opened for business during 1955. Types of operating banks and their insurance status. At the end of 1955 almost all of the 14,284 banks operating in the United States were banks of deposit, classified as commercial banks or mutual savings banks. The commercial bank category, which includes a small number of stock savings banks, accounted for 96 percent of all banks of deposit. Table 17 shows the number of operating banks at the end of 1955, their deposits, and their insurance status. The 13,457 banks participating in Federal deposit insurance on De cember 31, 1955, comprised 94.6 percent of all banks of deposit, which percentage was slightly higher than at the close of the preceding year. Not participating in deposit insurance were a very small percentage of the commercial banks and about three-fifths of the 528 mutual savings NUMBER OF BANKS AND THEIR INSURANCE STATUS 27 banks. Also excluded were the trust companies not regularly engaged in deposit banking, which are not eligible for deposit insurance. Deposits in insured banks at the end of 1955 were 95.9 percent of deposits in all operating banks, a slightly higher percentage than at the end of 1954. Table 17. N u m b e r a n d D S t a t e s ( C o n t i n e n t a l U . S. o f A ll B a n k s in t h e U n it e d O t h e r A r e a s ), D e c e m b e r 31, 1955 e p o s it s and Number or deposits Item Insured banks Total N um ber of banks— to ta l.................. Banks of deposit................................. Commercial...................................... Mutual savings................................ Trust companies not regularly en gaged in deposit banking............. 14,284 14,225 13,697 528 Deposits (in m illions)— to ta l......... Banks of deposit................................. Commercial...................................... Mutual savings................................ Trust companies not regularly en gaged in deposit banking1............ $221,392 221,325 193,138 28,187 Percentage of total Non insured banks 13.457 13.457 13.237 220 827 768 A60 308 $212,226 212,226 190,989 21.237 $9,166 9,099 2,1 U9 6,950 59 Insured banks Non insured banks 94.2% 94.6 96.6 U1.7 59 67 5 .8 % 5.4 s.u 58.3 100.0 95.9% 95.9 98.9 75.3 67 4 .1 % 4.1 1.1 2k.7 100.0 1 Deposits of these companies consist of uninvested trust funds and special accounts. Detailed data: See Table 103, pp. 118-119. Bank A ssets Asset growth in 1955 and prior years. The assets of all banks increased $10 billion during 1955 and at the end of the year amounted to $243 billion. The 4.5 percent increase was slightly below that of the previous year. There is considerable variation in the annual rate of growth in bank assets. During the past nine years the range has been from a negligible increase in 1948 to a nearly 7 percent growth in 1950, with an average annual increase of 4.1 percent. However, this pattern of growth has not always existed. During the period 1927 through 1935 the range in the annual rate of asset change was from a decline of 12.8 percent during 1931 to a 13.1 percent increase during 1934. In 1955, as in other recent years, there was a substantial difference between the first and second halves of the year with respect to change in total bank assets. That is, there was a shrinkage during the first half, with all the annual growth occurring during the second half. This pattern of change during recent years differs somewhat from that which pre vailed prior to 1946. In most earlier years the change in bank assets was in the same direction during both halves of the year, although, generally, bank assets either increased less or decreased more during 28 FEDERAL DEPOSIT INSURANCE CORPORATION the first half of the year than in the second half. Data comparing rates of change in bank assets are given in Table 18. T a b le 1 8. P e r c e n ta g e C h a n g e s in A sse ts, A ll B a n k s in U n i t e d S t a t e s ( C o n t i n e n t a l U . S. a n d O t h e r A r e a s ), Y e a r s a n d H a l f - Y e a r s , 1 9 2 7 -1 9 3 5 a n d 1 9 4 7 -1 9 5 5 1947-1955 1927-1935 Year Year Full year Average1....................... 1955............................ 1954............................ 1953............................ 1952............................ 1951............................ 1950............................ 1949............................ 1948............................ 1947............................ th e First half Full year Second half 4 .1 % -1 .4 % 5.6 % A v e r a g e . 4.5 5.2 2.9 5.4 6.0 6.8 2.3 (a) 4.0 -.9 - .5 -2 .8 -.5 -1 .6 (*) -2 .5 -2 .9 -1 .2 5.4 5.8 5.9 5.9 7.7 6.8 4.9 3.0 5.2 1 9 3 5 ... 1 9 3 4 ... 1 9 3 3 ... 1 9 3 2 ... 1 9 3 1 ... 1 9 3 0 ... 1 9 2 9 ... 1 9 2 8 ... 1 9 2 7 ... (a) 8.2 13.1 -8 .7 -8 .8 -12.8 -3 .6 - .4 7.5 5.8 First half -1 .6 % 1.6 7.1 -10.4 -8 .7 -2 .7 -1 .0 -3 .9 1.6 2.1 Second half 1.6% 6.5 5.6 2.0 -.1 -10.4 -2 .6 3.7 5.8 3.7 1 Average (arithmetic mean) of the rates for the various years or half-years. 2 Increase of less than .05 percent. * Decrease of less than .05 percent. Components of bank assets and their annual growth rates. The growth of total assets is not spread evenly among the different types of assets held by the banks and varies from year to year. As stated in the report of the Corporation for 1954: “ The growth in total bank assets during any year may take place in a wide variety of ways. If the best lending or investing opportunities are found in loans to commercial and industrial enterprises, banks acquire assets of that type. If they lie in real estate lending, banks expand their mortgage holdings. Banks may also expand their assets by purchase of newly issued or previously ex isting securities, especially in situations when direct lending opportunities are less attractive. Such adjustment to the changing needs of the nation’s economy is likely to result in substantial differences in the annual rates of growth of various kinds of assets.” In 1955, loans of banks increased by 17 percent while their holdings of United States Government obligations decreased by 10 percent. For comparison, in 1954 loans increased by only 6 percent while holdings of United States Government obligations increased by 7 percent. Percentage changes in different types of bank assets for each year from 1947 to 1955 are shown in Table 19. The differences in growth among types of bank assets have resulted, over a period of years, in a substantial change in the percentage distribu tion of bank assets. At the end of 1955 over two-fifths of bank assets were loans and less than three-tenths were United States Government obligations; nine years earlier, only about one-fifth were loans and over half were obligations of the United States Government. BANK ASSETS 29 Table 19. D i s t r i b u t io n o f A s s e t s o f A l l B a n k s i n t h e U n i t e d S t a t e s ( C o n t i n e n t a l U . S. a n d O t h e r A r e a s ), D e c e m b e r 31, 1946 a n d 1955, a n d A n n u a l P e r c e n t a g e C h a n g e s , 1947-1955 Date or period Total assets A m ou n t (in m illion s): Dec. 31, 1955............... $243,105 169,255 Dec. 31, 1946............... Percent of total assets: Dec. 31, 1955............... Dec. 31, 1946............... 100.0% 100.0 Percentage change: 1947-1955 average2. .. 1955..................... 1954..................... 1953..................... 1952..................... 1951..................... 1950..................... 1949..................... 1948..................... 1947..................... 4.1 4.5 5.2 2.9 5.4 6.0 6.8 2.3 (2) 4.0 Cash and funds due from banks U. S. Govern ment obliga tions Obliga tions of States and sub divisions Other se curities Loans and dis counts1 Miscel laneous assets $47,979 35,185 $70,310 87,031 $13,395 4,471 $7,359 6,046 $100,575 35,810 $3,487 1,712 19.8% 20.8 28.9% 51.4 5.5 % 2.6 3 .0 % 3.0 41.4% 21.2 1.4 % 1.0 3.5 7.2 -2 .7 .5 .1 10.9 12.4 -7 .5 2.8 9.6 -2 .4 -9 .9 7.0 -.2 2.0 -2 .2 -7 .1 5.8 -8 .8 -6 .2 4.3 1.1 1.5 4.1 4.3 .5 9.0 5.4 5.9 7.0 12.2 16.9 6.3 6.6 11.7 12.0 21.8 2.8 12.1 20.7 13.0 1.1 17.4 6.8 12.5 13.9 23.9 15.7 7.3 19.9 8.2 4.1 15.6 8.1 4.7 11.8 8.8 2.4 11.9 7.2 i Net of valuation reserves. 3 Average annual rate of change computed by using compound interest formula. * Increase of less than .05 percent. Types of bank loans and their annual growth rates. The ir regularity in rates of growth among the various types of bank assets extends to the loans made by banks for various purposes. This is indi cated by the data in Table 20, which shows the annual rates of change for six categories of loans. Table 20. D i s t r i b u t io n o f L o a n s o f A l l B a n k s i n t h e U n i t e d S t a t e s ( C o n t i n e n t a l U . S. a n d O t h e r A r e a s ), D e c e m b e r 31, 1946 a n d 1955, a n d A n n u a l P e r c e n t a g e C h a n g e s , 1947-1955 Date or period Total loans1 A m ou n t (in m illions): Dec. 31, 1955............... $102,059 35,823 Dec. 31, 1946............... Percent of total loans: Dec. 31, 1955............... Dec. 31, 1946............... 100.0% 100.0 Percentage change: 1947-1955 average2. .. 1955..................... 1954..................... 1953..................... 1952..................... 1951..................... 1950..................... 1949..................... 1948..................... 1947..................... 12.3 16.9 6.4 6.6 11.6 11.9 21.8 3.1 13.6 20.7 Commercial and industrial For Agricultural carrying (except se real estate) curities $33,456 14,237 $4,495 1,412 $5,079 3,164 32.8% 39.8 4 .4 % 3.9 5 .0% 8.8 10.0 23.6 -1 .1 -2 .4 7.7 18.0 28.3 -9 .8 4.2 28.5 13.7 -14 .0 4.8 26.4 15.1 17.2 -4 .8 6.3 72.4 18.8 5.4 13.3 24.8 12.6 23.3 -10.3 8.4 14.0 12.4 -34.4 Real estate loans $38,461 $17,403 11,675 4,109 37.7% 32.6 17.0% 11.5 14.2 14.5 12.7 9.4 10.5 12.4 19.5 9.9 16.8 22.5 17.4 16.5 2.1 14.0 21.1 3.4 25.5 17.2 20.2 40.9 1 Includes valuation reserves, which are excluded from net loans in Table 19. * Average annual rate of change computed by using compound interest formula. Other loans to indi viduals All other $3,165 Ij226 3 .1 % 3.4 11.1 55.5 20.5 -3 .4 2.9 36.6 35.3 2.7 5.2 -11 .1 30 FEDERAL D EP O S IT IN SU R A N C E C O R PO R A T IO N In 1955, when all loans increased by 17 percent, agricultural loans, other than farm mortgage loans, decreased by 14 percent, while com mercial and industrial loans increased by 24 percent. The rates of change in the other major categories of loans were closer to the rate for all loans. The group of bank loans growing most rapidly over the past nine years is the category known as “ other loans to individuals.” Such loans are a smaller part of total bank loans than real estate loans or commercial and industrial loans. There are several kinds of “ other loans to indi viduals” for which information is available for insured commercial banks; and as is indicated in Table 21 the annual changes are often at quite diverse rates. Table 21. D is t r ib u t io n o f “ O t h e r L o a n s t o I n d iv id u a ls ” o f In s u r e d C o m m e r c ia l B a n k s in t h e U n i t e d S t a t e s ( C o n t i n e n t a l U . S. a n d O t h e r A r e a s ) , D e c e m b e r 31, 1946 a n d 1955, a n d A n n u a l P e r c e n t a g e C h a n g e s , 1947-1955 Date or period A m ou n t (in m illion s): Dec. 31, 1955................. Dec. 31, 1946................. Total “ Other loans to indi viduals” $17,266 4,031 Percent of tota l: Dec. 31, 1955................. Dec. 31, 1946................. 100.0% 100.0 Percentage change: 1947-1955 average1----1955........................ 1954........................ 1953........................ 1952........................ 1951........................ 1950....................... 1949....................... 1948....................... 1947........................ 17.5 16.6 2.1 14.0 21.6 3.4 25.7 17.6 20.4 40.3 Retail automobile instalment paper Other retail instalment paper Repair and modern ization instalment loans In stalment cash loans Single payment loans $5,833 514 $2,088 328 $1,739 311 $2,323 675 $5,283 2,203 33.8% 12.8 12.1% 8.1 10.1% 7.7 13.4% 16.7 30.6% 54.7 31.0 33.8 -2 .7 25.5 30.5 .9 38.2 36.2 48.6 87.9 22.8 8.3 -9 .2 18.8 32.5 -8 .8 44.1 28.4 44.6 68.0 21.1 2.9 -0 .5 15.1 28.1 7.0 16.5 26.7 30.6 79.4 14.7 7.7 9.8 10.4 20.2 9.7 14.0 8.3 14.4 39.9 10.2 12.9 10.5 3.0 9.6 6.9 18.4 6.1 4.9 19.7 1 Average annual rate of change computed by using compound interest formula. In 1955 retail automobile instalment paper, which is the largest segment of “ other loans to individuals” , held by insured commercial banks increased by 34 percent, in contrast with a decrease of 3 percent in 1954. The next largest segment, single-payment loans, increased by 13 percent, slightly more than during the year before. Assets of insured and noninsured commercial and mutual savings banks. At the close of 1955, insured commercial banks held 86 percent of the assets of all banks, with the remainder divided as follows: noninsured commercial banks, 1 percent; insured mutual savings banks, 10 percent; and noninsured mutual savings banks, 3 percent. Table 22 gives the amounts of the principal categories of assets on that date held by each of these groups of banks. BANK T a b le 2 2 . 31 ASSETS D i s t r i b u t io n o f A s s e t s o f A l l B a n k s i n t h e U n i t e d S t a t e s ( C o n t i n e n t a l U . S. a n d O t h e r A r e a s ) b y T y p e a n d I n s u r a n c e S t a t u s o f B a n k s , D e c e m b e r 31, 1955 Assets Insured com mercial banks All banks Non insured com mercial banks Insured mutual savings banks Non insured mutual savings banks A m ou n t (in m illion s): Total assets....................................... Cash and funds due from banks. Securities.......................................... U. S. Government obligations... Obligations of States and sub divisions ................................... Other securities............................ $243,105 47,979 91,064 70,310 $209,145 46,560 77,241 60,877 $2,686 454 1,382 974 $23,458 785 8,768 5,858 $7,816 180 3,673 2,601 13,395 7,359 12,501 3,863 258 150 534 2,376 102 970 Loans and discounts, net............. Valuation reserves........................... Loans and discounts, gross.......... Commercial and industrial. . . . Agricultural (excluding real estate) ........................................ For carrying securities............... Real estate.................................... Other loans to individuals......... All other loans............................. 100,575 1 ,U8U 102,059 33,456 82,360 1,268 83,628 33,210 758 2 760 213 13,563 190 13,753 29 3,894 2U 3,918 k A,495 5,079 38,461 17,403 3,165 A,411 h,97U 20,767 17,160 3,106 82 87 237 106 35 2 15 13,609 77 21 S 3,84.8 60 3 Fixed and miscellaneous assets. . 3,487 2,984 92 342 69 Number of banks, Dec. 31, 1955. . .. 14,284 13,237 519 220 308 Detailed data: See Table 105, pp. 124-125. Bank D e p o s it s Deposit growth in 1955 and prior years. Total deposits of all operating banks at the end of 1955 were $221 billion. The increase during 1955 was 4.4 percent. As in the case of assets, this was smaller than the rate of growth of the previous year, but a little above the average annual growth since 1946. Variation in the annual change in deposits is similar to that in bank assets. During the past nine years the annual change in deposits has ranged from a decrease of 0.4 percent in 1948 to an increase of 6.6 percent in 1950. During the period of similar length two decades earlier, the range was from a decrease of 14.8 percent in 1931 to an increase of 18.0 percent in 1934. As in the case of assets, deposits in recent years have been subject to substantial shrinkage during the first half of each year. All the annual growth, including an offset to the first-half decrease, has taken place during the second half of the year. Again, as in the case of assets, the differences between the first and second halves of the year are generally greater than those of two decades ago. Table 23 shows the annual and half-year changes for each of the years from 1947 to 1955 and from 1927 to 1935. 32 FED ER AL D EP O S IT IN SU R A N C E C O R PO R A T IO N Table 23. P e r c e n t a g e C h a n g e s in D e p o s i t s o f A l l B a n k s in t h e U n i t e d S t a t e s ( C o n t i n e n t a l U . S. a n d O t h e r A r e a s ) , Y e a r s a n d H a l f - Y e a r s , 1927-1935 a n d 1947-1955 1927-1935 1947-1955 Year Year Full year Average1 1955.. 1954.. 1953.. 1952.. 1951.. 1950.. 1949.. 1948.. 1947.. First half 3.9% - 4.4 5.0 - 2.8 5.3 6.0 6.6 2.0 -.4 3.8 1.8 % 1.1 0.8 -3 .3 -.9 - 2.0 -.4 -3 .0 -3 .4 - 1.6 Second half Full year 5.8% Average 5.5 5.8 6.3 6.2 8.1 7.0 5.1 3.1 5.5 1935.. 1934.. 1933.. 1932.. 1931.. 1930.. 1929.. 1928.. 1927.. First half Second half 1.6 % - 1. 1% .6 % 11.1 18.0 -8 .2 -7 .3 -14 .8 -2 .9 -2 .7 6.7 5.6 2.9 10.2 -9 .5 -8 .3 -2 .0 -.1 -5 .7 0.1 2.2 8.0 7.1 1.4 1.0 -13.0 -2 .9 3.3 6.4 3.3 1 Average (arithmetic mean) of the rates for the respective years or half-years. Components of bank deposits and their annual growth rates. At the end of 1955, 85 percent of bank deposits were in categories classi fied as business and personal, with the remainder divided about equally between government and interbank deposits. These proportions do not change much from year to year. Nevertheless, there are differences from year to year in the annual rates of change in the various types of deposits. Such variations are shown in Table 24. In the case of business and personal demand deposits the range was from a decrease of 3 percent in 1948 to an increase of 10 percent in 1950. Table 24. D i s t r i b u t i o n o f D e p o s i t s o f A l l B a n k s in t h e U n i t e d S t a t e s ( C o n t i n e n t a l U . S. a n d O t h e r A r e a s ) , D e c e m b e r 31, 1946 a n d 1955, a n d A n n u a l P e r c e n t a g e C h a n g e s , 1947-1955 Business and personal Date or period Total Government Demand1 Time and savings States and sub divisions United States Inter bank2 A m ou n t (in m illions): Dec. 31, 1955......................... Dec. 31, 1946......................... $221,392 156,751 $113,357 83,672 $74,444 50,283 $12,769 6,895 $4,129 3,163 $16,693 12,738 Percent of total deposits: Dec. 81, 1955......................... Dec. 31, 1946......................... 100.0% 100.0 51.2% 53.4 33.6% 32.1 5 .8% 4.4 1 .9 % 2.0 7 .5% 8.1 Percentage change: 1947-1955 average*.............. 1955................................ 1954................................ 1953................................ 1952................................ 1951................................ 1950................................ 1949................................ 1948................................ 1947................................ 3.9 4.4 5.0 2.8 5.3 6.0 6.6 2.0 -.4 3.8 3.4 5.9 3.5 .3 2.9 6.3 9.8 .6 -2 .9 5.1 4.5 4.8 7.1 7.2 7.7 4.1 1.4 2.0 1.7 4.3 7.1 2.5 7.0 9.0 5.8 5.8 6.6 4.6 9.9 13.0 3.0 -10.3 1.3 -15.1 44.5 21.0 -7 .8 31.9 64.0 -51.5 * Includes certified checks, letters of credit, etc. * Includes postal savings deposits, and for 1946 a small amount of unclassified deposits. * Average annual rate of change computed by using compound interest formula. 3.2 -1 .0 5.3 4.1 1.6 7.6 10.5 3.6 -5 .8 2.5 BANK D EP O SITS 33 Importance of deposit growth. Bank assets and bank deposits are both closely related to the economic life of the nation. The loans and investments of banks provide nearly one-third of the funds borrowed by enterprises, individuals, and governments. But, whereas this loaning function of banks is shared with many other institutions, the deposit function of banks is almost unique. This is because bank deposits are used as circulating medium and comprise about seven-eighths of the money supply used by enterprises and individuals in making payments. Changes in the aggregate amount of bank deposits owned by enter prises and individuals are rather closely related to changes in their expenditures for the goods and services which make up the aggregate output of the economy. If, for example, the aggregate amount of deposits is reduced, people can continue their former rate of spending only by changing their habits regarding the amount of deposits they hold relative to their expenditures. Such habits change slowly. Consequently, main tenance of growth in bank deposits is an essential ingredient of national economic policy directed toward the maintenance of prosperity and a growing economy. However, the rate of growth must be kept at a reason able rate, for a rapid increase in the circulating medium opens the door to price inflation and its disturbances to the economy. Deposits of insured and noninsured commercial and mutual savings banks. Bank deposits are distributed among insured and noninsured commercial and mutual savings banks in the same manner as assets. Table 25 gives the amounts of the principal categories of deposits held by each of these groups of banks. Percentage changes during the year 1955 and for the nine-year period from the end of 1946 to the end of 1955 are also shown in the table. Both in 1955 and for the period since 1946 the deposits in mutual savings banks increased more rapidly than those in commercial banks. Deposits of mutual savings banks are almost entirely savings accounts, and the growth in such deposits was substantially greater, percentage wise, than that of time and savings deposits in commercial banks. Bank C a p it a l Growth in capital accounts. In most recent years, capital accounts of banks have increased more rapidly than either bank assets or bank deposits, thus resulting in gradually rising ratios of capital accounts to assets and deposits. Table 26 shows the percentage changes in the banks’ total capital accounts in 1955 and the average annual change since 1946 for insured and noninsured commercial and mutual savings banks. Ratios of total capital accounts to assets and to deposits, as of the end of the year, for 1946 and for 1954 and 1955 are also given for each group of banks. 34 FEDERAL D EP O SIT IN S U R A N C E C O R PO R A T IO N Table 25. and D e p o s it s o f A l l B a n k s i n t h e U n i t e d S t a t e s ( C o n t i n e n t a l U . S. O t h e r A r e a s ), B y T y p e a n d I n s u r a n c e S t a t u s o f B a n k s , D e c e m b e r 31, 1955, a n d P e r c e n t a g e C h a n g e s D u r i n g 1955 a n d F r o m 1946 t o 1955 Deposits or percentage change A m ou n t (in m illion s): Total deposits.................................. Business and personal: Demand........................................ Time and savings....................... States and subdivisions................ United States Government......... Interbank......................................... Total demand deposits................... Total time deposits.......................... Non insured com mercial banks Insured com mercial banks All banks Insured mutual savings banks Non insured mutual savings banks $221,392 $190,989 $2,216 $21,237 $6,950 113,357 74,444 12,769 4,129 16,693 11*2,561* 78,828 112,214 45,891 12,505 4,066 16,313 11*1,037 1*9,952 1,097 440 242 60 377 1 ,1*71 71*5 45 21,168 19 2 3 53 21,18 1* 1 6,945 3 1 4.4 % 4 .2 % -6 .2 % 6.8 % 7 .4% 3 6,91*7 Percentage change during 1955: T otal deposits................................... Business and personal: Demand........................................ Time and savings....................... States and subdivisions............... United States Government......... Interbank......................................... 5.9 4.8 2.5 -10.3 -1 .0 Percentage change Dec. 31, 1946 to Dec. 31, 1955 T otal deposits.................................. Business and personal: Demand....................................... Time and savings....................... States and subdivisions................ United States Government......... Interbank......................................... 41.2% 39.4% -2 2 .3 % 35.5 48.0 85.2 30.5 31.1 36.4 40.1 88.5 33.5 32.4 -21.4 -34.4 -6 .8 -47.7 -8 .4 333.3 85.5 908.7 46.6 309.7 -39.0 27.7 573.5 115.6 64.7 Number of banks, Dec. 31, 1955. . . . 14,284 13,237 519 220 308 2.9 -6 .3 -3 .2 -16.2 -14.5 6.0 3.6 2.6 -10.2 -.4 -.5 6.8 2.4 -10.1 -3 .0 85.8% 6.8 7.4 -3 .1 -.3 -34.9 27.7% Detailed data: See Table 105, pp. 124-125. Table 26. T o t a l C a p it a l A c c o u n t s of A l l B a n k s in t h e U n it e d S t a t e s ( C o n t i n e n t a l U . S. a n d O t h e r A r e a s ), B y T y p e a n d I n s u r a n c e S t a t u s o f B a n k s , D e c e m b e r 31, 1946 a n d 1955, A v e r a g e A n n u a l P e r c e n t a g e C h a n g e , 1947-1955, a n d R a t i o s t o A s s e t s a n d D e p o s it s , 1946, 1954, a n d 1955 Date or period All banks Insured commercial banks Noninsured commercial banks and trust companies Insured mutual savings banks Noninsured mutual savings banks A m ou n t (in m illion s): Dec. 31, 1955............................ Dec. 31, 1946............................ $18,210 11,345 $15,009 9,288 $389 273 $2,006 1,173 $806 611 Percentage change: In 1955....................................... 1947-1955 average1.................. 4 .9 % 5.4 5 .1 % 5.5 - .7 % 4.6 4 .5 % 6.2 4 .2 % 3.1 Ratio total capital accounts to assets Dec. 31, 1955............................ Dec. 31, 1954............................ Dec. 31, 1946............................ 7.5 7.5 6.7 7.2 7.1 6.3 14.5 13.9 8.6 8.6 8.7 9.3 10.3 10.6 10.1 Ratio total capital accounts to deposits Dec. 31, 1955............................ Dec. 31, 1954............................ Dec. 31, 1946............................ 8.2 8.2 7.2 7.9 7.8 6.8 17.6 16.6 9.6 9.4 9.7 10.3 11.6 12.0 11.2 1 Average annual rate of change computed by using compound interest formula. BANK 35 C A P IT A L The ratios of the capital accounts of the banks to their assets and deposits are now substantially lower than they were two decades earlier. These ratios for all operating banks are shown in Chart C, for each year from 1926 to 1935 and from 1946 to 1955. C h art C . C a p it a l R a t io s of A l l O p e r a t in g B a n k s , Income of Insured 1926-1935 and 1946-1955 B anks Sources and disposition o f bank incom e. The total income of insured commercial banks in 1955 was about 3 percent larger than in 1954, and about twice as large as in 1947. The total income of insured mutual savings banks was 5 percent larger in 1955 than in the preceding year, and somewhat less than twice as large as in 1947. The sources of income, for insured commercial banks and for insured mutual savings banks, and the uses made of this income are shown in Table 27. Com parisons are also made with the preceding year and with 1947. Growth o f bank incom e, 1947 to 1955. In Chart D, the growth in bank income for the 1947-1955 period, for insured commercial banks and for insured mutual savings banks, is compared with the increase in the assets of the banks. This chart is on a ratio scale. On this kind of a chart, the same percentage change is shown by the same slope of the lines, even though there may be a great difference in the magnitudes of the amounts plotted. The rate of growth of income of insured com mercial banks, it will be noted, was considerably greater than the in crease in bank assets; but the growth of income of insured mutual savings banks has been at about the same rate as the increase in assets. 36 FED ERAL T a b le D EP O S IT IN S U R A N C E CO R PO R A T IO N 27. S o u r c e s a n d D i s 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 B a n k s in t h e U n it e d St a t e s ( C o n t i n e n t a l U . S. a n d O t h e r A r e a s ), 1947, 1954, a n d 1955 Amounts (in millions) Item T otal in co m e.......................... Sources Loans...................................... U . S. Government obli gations ................................ Other securities.................... Service charges on deposits. Other current income*........ Recoveries, etc.4.................. Disposition Salaries and wages.............. Interest and dividends on deposits.............................. Other current expenses*. . . Charge-offs, etc.6................. Income taxes6....................... Dividends to stockholders7. Additions to capital ac counts ................................. Percent of total, 1955* Insured mutual savings banks1 Insured commercial banks Com mercial banks Mutual savings banks 1955 1954 1947 $6,617 $6,405 $3,360 $846 $781 $475 3,697 3,263 1,282 536 454 153 55.9 63.3 1,334 351 340 656 240 1,273 325 312 601 631 1,080 179 148 409 262 151 99 156 96 185 24 17.8 11.7 28 33 28 47 13 100 20.2 5.3 5.1 9.9 3.6 1,896 1,762 947 75 71 45 28.7 8.9 678 1,386 707 794 566 618 1,258 553 907 517 298 737 295 302 315 536 83 56 9 466 83 51 11 181 49 112 6 10.2 20.9 10.7 12.0 8.6 63.4 9.8 6.6 1.1 590 790 466 87 99 82 8.9 10.3 1955 1954 1947 100.0% 100.0% 3.3 3.9 Note: Due to rounding differences, components may not add precisely to the totals. 1 Because of changes in 1951 in the method of reporting, data for 1954 and 1955 are not strictly comparable with those for 1947 nor with those for commercial banks. 2 Percentages are computed from unrounded data. * For mutual savings banks in 1954 and 1955 includes amounts classified as “ nonrecurring” income or expenses. 4 Recoveries from assets previously charged off except those credited to valuation reserve accounts, profits on assets sold, and transfers from valuation reserve accounts. 6 Losses and other charge-offs except those charged to valuation reserve accounts, and transfers to valuation reserve accounts. 6 For mutual savings banks, includes franchise taxes computed on an income basis. 7 Includes interest on capital notes and debentures. C h art D. A ssets M and utual I ncom e, I nsured Sa v in g s B a n k s , C o m m e r c ia l 1947-1955 and IN C O M E OF IN S U R E D 37 BANKS Chart E, also on a ratio scale, compares for the two groups of insured banks the change in holdings of the two major categories of assets, loans and securities, with the income from those assets. Income from loans, in the case of insured commercial banks, increased relatively more than the amount of loans held; while in the case of insured mutual savings banks, the income from loans increased less rapidly than the amount of loans. The amounts of securities held by both groups of banks remained comparatively steady during the nine-year period; the income from them increased relative to the amounts held, especially for the insured commercial banks after 1951 and for the insured mutual savings banks in 1955. Chart E. L o a n s a n d S e c u r i t i e s a n d In c o m e f r o m I n s u r e d B a n k s , 1947-1955 Them , Operating earnings and expenses, insured com m ercial banks, 1947 to 1955. In 1955, as in other years, income from loans and securities constituted about four-fifths of the current income of the insured com mercial banks. Their remaining income consists of such items as service charges on deposits, trust department earnings, and fees from mis cellaneous services. Current operating expenses of insured commercial banks are about two-thirds of current operating earnings. This proportion has remained comparatively steady throughout the 1947-1955 period. Salaries and wages constitute about half the current operating expenses of insured commercial banks. Other operating expenses include interest paid on time and savings deposits, interest and discount on borrowed money, fees to directors and members of committees, taxes other than on net income, rents, recurring depreciation on banking house and equipment, and various other items not specified in the reports. Of the total spent 38 FEDERAL D EP O S IT IN S U R A N C E C O R PO R A T IO N for these various types of expense, interest on time deposits constitutes about a sixth of total current operating expenses; this is about a tenth of current operating earnings. Operating earnings and expenses, and interest and dividends on deposits, insured mutual savings banks, 1947 to 1955. Nearly all of the income of insured mutual savings banks is derived from loans and securities. On the expense side, savings banks do not have the clerical cost of handling checking accounts, as their business is confined almost entirely to the handling of savings accounts, and amounts paid to depositors as interest or dividends are not included in current operating expenses. For these reasons, the current operating expenses of mutual savings banks, consisting of salaries and wages and miscellaneous ex penses, absorb a much smaller part of current operating earnings than in the case of commercial banks. For insured mutual savings banks, current operating expenses in 1955 were less than one-fifth of current operating earnings. Because the type of operations of savings banks permits smaller expenses relative to deposits than in the case of commercial banks, and because in mutual banks the depositors are also the owners, the mutual savings banks are able to use a larger part of their current operating earnings for dividends on deposits than the commercial banks use for interest on deposits. In 1955, the dividends on deposits of insured mutual savings banks amounted approximately to two-thirds of their current operating earnings. This proportion has increased in recent years, having risen from about half of current operating earnings in 1947. Rates of income. Table 28 shows for each year from 1947 to 1955 the average rate of income on loans, on United States Government obligations, and on other securities, by insured commercial banks and by insured mutual savings banks. T able 28. A verage R ates of I ncom e, I nsured B a n k s, Insured commercial banks Year On loans 1955..................... 1954..................... 1953..................... 1952..................... 1951..................... 1950..................... 1949..................... 1948..................... 1947..................... 4.88% 4.79 4.84 4.64 4.45 4.34 4.22 4.04 3.79 On U . S. Government obligations 2.09% 1.98 1.98 1.80 1.65 1.59 1.61 1.57 1.54 1947-1955 Insured mutual savings banks On other securities 2.15% 2.14 2.11 2.04 1.99 2.04 2.15 2.14 2.16 On loans1 4.25% 4.15 4.12 4.09 4.14 4.35 4.37 4.43 4.51 On U . S. Government obligations 2.51% 2.31 2.49 2.43 2.35 2.35 2.33 2.29 2.28 On other securities 3.30% 3.19 3.16 3.05 2.98 2.95 3.00 3.00 2.99 1 Because of changes in 1951 in the method of reporting by insured mutual savings banks, data for 1951-1955 are not strictly comparable with those for previous years nor with those for insured com mercial banks. IN C O M E OF IN S U R E D BANKS 39 Insured commercial banks have had a rise in the rate of income on loans during each of the past nine years, except for a slight decline in 1954. For the period as a whole the rise has been substantial; in 1955 the insured commercial banks received over a fourth more income for each $100 of loans than they did in 1947. Rates of income received by the insured commercial banks on their holdings of United States Govern ment obligations have also increased in most of the years during this period, and in 1955 were more than a third higher than in 1947. In con trast, there was a relatively small change in the rate of income on other securities, the 1955 figure being about the same as that in 1947, with lower rates for all of the intervening years. In 1955, and during the preceding four years, the average rate of income on loans received by insured mutual savings banks was lower than that of insured commercial banks. For the years from 1947 to 1950 the average rate of income on loans received by insured mutual savings banks had been higher than that of insured commercial banks. For the nine-year period as a whole, the insured mutual savings banks did not experience, as did the insured commercial banks, an increase in the rate of income from loans. This is due primarily to differences in the major types of loans held. The bulk of the loans of insured mutual savings banks are loans secured by real estate mortgages. The largest segment of the loans of insured commercial banks is the industrial and commercial group, on which interest rates have been rising; and another segment, that of instalment loans to individuals, on which rates of interest are generally higher than on other types of loans, has been increasing in relative importance. Expense ratios. Expense ratios of insured commercial banks, like their rates of income, increased steadily during the nine-year period from 1947 to 1955, whether measured in relation to the amount of assets of the banks or in relation to the amount of their deposits. Bank expenses are incurred in part in the handling of assets, but the major part of the cost of operations of commercial banks is incurred in the handling of deposit accounts. In Table 29, which gives the more important expense ratios, the expenses are related to deposits. In 1955 total operating expenses of the insured commercial banks amounted to $2.14 for each $100 of deposits, compared with $2.06 the previous year and $1.44 in 1947. Very close to half of these amounts, in each of the years, was wages and salaries. Interest paid on time and sav ings deposits rose from 0.87 percent in 1947 to 1.38 percent in 1955; and income from service charges on demand deposits from 0.14 percent to 0.25 percent. Expense ratios for insured mutual savings banks, which are also given in Table 29, are likewise related to deposits. The operating expenses of 40 FEDERAL D EP O S IT IN SU R A N C E C O R PO R A T IO N mutual savings banks represent the cost to their depositor-owners of having funds invested for them under the conditions prescribed by law for such banks. In 1955 total operating expenses of insured mutual savings banks amounted to $0.77 for each $100 deposits. This is about two-fifths of the corresponding ratio for insured commercial banks, reflecting primarily the absence of costs of handling checking accounts. Salaries and wages, as in the commercial banks, accounted for nearly half of total current operating expenses. It may be noted that in the insured mutual savings banks salaries and wages, and also total current operating expenses, were no higher relative to deposits than in 1947. Table 29. E x p e n s e R a t io s I n t e r e s t P a id and Insured B a n k s, Insured commercial banks Year Total current operating expenses to total deposits1 1955........... 1954........... 1953........... 1952........... 1951........... 1950........... 1949........... 1948........... 1947........... 2.14% 2.06 1.98 1.84 1.74 1.67 1.63 1.55 1.44 Salaries and wages to total deposits 1.03% 1.00 .97 .91 .87 .82 .79 .75 .69 Service charges on demand deposits 0.25% .24 .21 .20 .20 .19 .19 .17 .14 on D e p o s it s , 1947-1955 Insured mutual savings banks Interest on time and savings deposits 1.38% 1.32 1.24 1.15 1.03 .94 .91 .90 .87 Total current operating expenses to total deposits1 0.77% .78 .79 .87 .88 .82 .79 .80 .79 Salaries and wages to total deposits 0.36% .36 .37 .37 .37 .39 .39 .39 .38 Dividends on time and savings deposits 2.61% 2.37 2.35 2.27 1.88 1.84 1.79 1.57 1.53 1 For insured commercial banks includes interest on time and savings deposits, which is about one-sixth of total current operating expenses; for insured mutual savings banks excludes dividends on time and savings deposits and includes amounts reported for 1951-1955 as “ nonrecurring expenses” . Because of changes in 1951 in the method of reporting by insured mutual savings banks, data for 19511955 are not strictly comparable with those for previous years nor with those for insured commercial banks. The average rate of dividends on time and savings deposits paid by insured mutual savings banks has increased steadily during the nineyear period, rising from 1.53 percent in 1947 to 2.61 percent in 1955. These rates throughout the period have been nearly twice the average rate of interest paid on time and savings deposits by insured commercial banks. Allowance for losses and gains on assets disposed of or revalued. Banks make provision for losses on assets by direct charge-offs or by transferring earnings to valuation reserve accounts; and on the income side, recapture some of the values previously charged off and obtain profits on assets sold at prices higher than they had been carried on their books. Allowance for losses by insured commercial banks, through direct charge-offs and transfers to reserve accounts, was more than a fourth IN C O M E OF IN SU R ED 41 BANKS larger in 1955 than in the previous year; and was equal to 0.35 percent of the amount of assets held, or to 0.44 percent of such assets excluding cash and due from banks. The amounts for the two years, and the portion which related to loans and securities, respectively, are shown in Table 30, with similar data for 1948, the earliest year for which information is available in the same detail. The same table also shows the amounts of gains taken into the banks’ income accounts from profits on assets sold, recoveries on assets previously charged off, and transfers from reserve accounts. In 1955, as in most previous years but in contrast with 1954, the amounts taken into the income accounts from these sources were less than the allowance for losses. In 1954 profits on securities sold had been unusually large. Table 30. or G a in s a n d A l l o w a n c e f o r L o sses R e v a l u e d , I n s u r e d C o m m e r c ia l B a n k s , (In millions of dollars) Gains or cancellation of loss allowance Year Net gains ( + ) or loss allowance (-) Total Re coveries and profits1 on A ssets D 1948, 1954, is p o s e d and of 1955 Allowance for losses Transfers from reserve accounts Total | Losses 9 and I charge| offs* Transfers to reserve accounts On all assets 1955..................... 1954..................... 1948..................... $-468 +79 -219 $240 631 266 <*> (3) («) (») (*) (•) $707 553 486 (») (*) (*) (*) On loans 1955..................... 1954..................... 1948..................... -253 -160 -222 78 92 89 $ 27 34 40 $51 58 49 332 252 311 $ 28 29 32 $304 223 279 On securities 1955...... .............. 1954..................... 1948..................... -171 +299 -66 118 492 113 78 431 89 40 61 24 289 193 120 221 67 79 67 126 41 On other assets 1955..................... 1954..................... 1948..................... -43 -60 +9 44 48 64 (*) (*) (3) (*) («) (») 87 107 55 (•) (*) (*) (■) («) (*) (») Note: Due to rounding differences, components may not add precisely to the totals. 1 Recoveries from assets previously charged off excluding those credited to reserve accounts (see Table 31), and profits on assets sold. For securities, profits on sales were as follows: 1955, $57 million; 1954, $417 million; and 1948, $60 million. * Excluding those charged to reserve accounts (see Table 31). * Not reported separately. The net additions to reserve accounts by insured commercial banks brought the amounts of such reserves against loans and securities to 1.67 and 0.30 percent, respectively, of the amounts of such assets held. The amounts of such reserves, and the changes in them, for each year from 1948 to 1955, are shown in Table 31. Insured mutual savings banks also make provision for losses through charge-offs and transfers of earnings to other accounts, but the accounting and reporting procedures used are not identical with those used by 42 FEDERAL D EP O S IT IN SU R A N C E C O R PO R A T IO N commercial banks. In 1955, the allowance for losses of the insured mutual savings banks was equal to 0.25 percent of total assets. Their net addi tions to valuation reserves brought the amount of such reserves against loans and securities to 1.34 percent and 1.04 percent, respectively, of the amounts of such assets held. Table 31. R e s e r v e s fo r L o sse s on L o a n s a n d o n Se c u r it ie s , I n s u r e d C o m m e r c ia l B a n k s i n t h e U n i t e d S t a t e s ( C o n t i n e n t a l U . S. a n d O t h e r A r e a s ), 1948-1955 (Amounts in millions of dollars) Changes reported Year Amount of reserves end of year Computed net change during year1 Net transfers from earnings2 Net losses charged to reserve accounts3 On loans 1955........................ 1954........................ 1953........................ 1952........................ 1951........................ 1950....................... 1949........................ 1948....................... $1,268 1,072 964 906 818 674 549 410 $ 196 108 58 87 145 125 139 (5) $253 165 114 127 176 161 193 230 $49 49 56 33 36 34 53 36 On securities 1955........................ 1954........................ 1953........................ 1952........................ 1951........................ 1950........................ 1949........................ 1948....................... 239 277 235 243 254 250 238 233 -38 43 -8 -11 -4 + 12 -5 (5) 27 66 27 9 19 16 6 17 65 13 36 21 15 3 4 11 Ratio of reserves to loans or securities4 1.67% 1.57 1.48 1.51 1.50 1.46 1.32 1.03 .30 .35 .31 .33 .35 .33 .33 .32 Note: Due to rounding differences, components may not add precisely to the totals. 1 Difference from amount of reserves reported for end of the preceding year. Differs in some years from change reported for the year because of banks ceasing operations and not submitting earnings reports, or because of other adjustments. 2 Transfers to reserve accounts in excess of transfers from reserve accounts. 8 Losses charged to reserve accounts in excess of recoveries credited to reserve accounts. 4 Based on averages of loans or securities at beginning, middle, and end of year. 6 Not available. Profits o f insured com m ercial banks. Net profits of insured commercial banks, both before and after income taxes, were less in 1955 than in the previous year. This was due to the unusually large profits in 1954 on sales of securities. For the six years previous to 1955 the profits before income taxes of insured commercial banks rose at a much faster rate than the assets of the banks, as is indicated by the differences in the slopes of the lines on the left side of Chart F. In 1955, as in 1954, income taxes took about 41 percent of the net profits of the insured commercial banks before such taxes, in comparison with 43 percent in 1953. From 1947 to 1953, the rise in the profits of the banks before income taxes was accompanied by a relatively larger portion absorbed by income taxes, as is shown in Table 32. Consequently, profits after income taxes rose much less rapidly than profits before income taxes. IN C O M E OF IN S U R ED BANKS 43 Chart F. A s s e t s , C a p i t a l , a n d N e t P r o f it s , I n s u r e d C o m m e r c ia l B a n k s , 1947-1955 Table 32. D i s p o s it io n o f N e t P r o f it s , I n s u r e d C o m m e r c i a l B a n k s in U n i t e d S t a t e s ( C o n t i n e n t a l U . S. a n d O t h e r A r e a s ), 1947-1955 Year 1955 1954 1953........... 1952........... 1951........... 1950........... 1949........... 1 9 4 8 ...... 1947........... Net profits before income taxes (millions) $1,950 2,215 1,812 1,685 1,468 1,365 1,157 1,021 1,084 Proportion absorbed by taxes on net income 40.7% 41.0 43.4 41.2 38.1 31.3 28.1 27.0 27.9 Net profits ^after income taxes (millions) $1,156 1,307 1,026 990 908 937 831 745 781 Proportion used for— Dividends1 49.0% 39.6 46.2 44.6 46.1 41.8 42.6 44.5 40.3 Additions to capital accounts 51.0% 60.4 53.8 55.4 53.9 58.2 57.4 55.5 59.7 th e Ratios to total capital accounts Net profits after in come taxes 7.9% 9.5 7.9 8.1 7.8 8.5 8.0 7.5 8.2 Dividends 3.9 % 3.8 3.7 3.6 3.6 3.6 3.4 3.3 3.3 ^Including dividends on preferred stock and interest on capital notes and debentures. In the majority of recent years, net profits after taxes of insured commercial banks have increased less rapidly than the total capital accounts of the banks, as may be seen from the slopes of the lines on the right-hand side of Chart F. The conspicuous exception to this was in 1954, when the profits on securities sold resulted in a very large amount of profits, even after payment of income taxes. The use which the insured commercial banks made of their net profits after taxes, that is, the amounts of dividends to stockholders and of additions to capital accounts, are also shown in Table 32 for each year from 1947 to 1955. In 1955 almost half of the net profits after taxes were disbursed to stockholders, a larger proportion than in any other year during this period. 44 FEDERAL D E P O S IT IN SU R A N C E C O R PO R A T IO N Additions to surplus by insured m utual savings banks. Additions to surplus by insured mutual savings banks, representing the excess of income from all sources over operating expenses, dividends to depositors, provision for losses, and taxes, were somewhat less in 1955 than in 1954. The amounts for the two years are shown in the table on sources and disposition of income on page 36. PART THREE DEPOSIT ACCOUNTS AND INSURANCE COVERAGE S p e c ia l C a l l s for D e p o s it I n f o r m a t io n The Federal Deposit Insurance Corporation requested a report from each insured bank on its deposits as of September 21, 1955. The purpose of this request was to assist the Corporation in estimating its contingent liability in insuring bank deposits. Such requests have been made at intervals of from two to four years, the last being in 1951. Each insured bank was asked to report the number of its deposit accounts and the amount of deposits in those accounts, with accounts grouped by size. Four size groupings for accounts were used: $10,000 or less; $10,000 to $25,000; $25,000 to $100,000; and more than $100,000. Banks were also asked to report these data for each of several types of accounts: savings and time deposits of individuals, partnerships, and corporations; demand deposits of individuals, partnerships, and corpo rations; United States Government deposits; State and local government deposits; interbank deposits; uninvested trust funds; drafts; and other items. The special report requested information on some types of bank obligations which are not regularly included in deposits as reported in the statements of assets and liabilities called “ reports of condition” . The important differences are reciprocal demand balances with other banks, trust funds redeposited in other banks, and certain outstanding drafts. Because of these differences the total amount of deposits reported by banks for the special call exceeds by approximately one percent the total amount of deposits which banks would have reported on the same date had they been asked to submit reports of condition. The form and instructions used by the banks are shown on pages 59-61. Estimation of insured deposits. Insured deposits are estimated from the special reports by summing the deposits in all accounts of $10,000 or less and adding to this an amount equal to $10,000 for each account with a balance containing more than $10,000. This procedure yields an estimate for insured deposits which, in most banks, is some what different from the amount of deposits for which the Corporation would be responsible, under the law, if the bank should fail. The Federal Deposit Insurance Act provides insurance protection for each depositor to a maximum of $10,000 on deposits maintained by him in the same right and capacity, after allowing for any applicable offsets. If a depositor maintains several deposits in the same right and capacity in the same insured bank, such as a checking account and a savings account, these deposits would be combined in determining what amount shall be paid to the depositor by the Corporation if the bank 47 48 FEDERAL D EP O SIT IN S U R A N C E C O R PO R A T IO N were closed for liquidation. However, if the depositor maintains deposits in different rights or capacities, they are separately insured up to the $10,000 maximum in each right or capacity in which the funds are maintained. For example, if a county tax collector maintains in a custodial capacity deposits owned by several public units, the deposits of each public unit would be insured up to $10,000. Banks were not asked either to combine or to separate accounts for each of their depositors, nor were they asked to consider any possible offsets. However, it is believed that there is only a small difference between the amount of insured deposits estimated from these reports and the amount for which the Corporation would be responsible in the event of failure of an insured bank. Because the large majority of accounts are of small size it is probable that there is little difference between the proportion of accounts with balances of $10,000 or less (referred to as “ fully protected” ) and the proportion of depositors fully insured by the Corporation. However, the number of bank accounts as reported in these special calls is sub stantially larger than the actual number of bank depositors. A ccounts an d D e p o s it s , A l l In su red B a n k s, Septem ber 21, 1955 On September 21, 1955, the 13,498 banks insured by the Federal Deposit Insurance Corporation reported 130 million deposit accounts and total deposits of $203 billion. More than 98 percent of the deposit accounts had balances of $10,000 or less and were thus tabulated as fully protected by deposit insurance, while the remaining accounts, with balances in excess of $10,000, were protected up to the insurance maximum. Insured deposits on the survey date totaled $112 billion, or slightly over 55 percent of all deposits in insured banks. Table 33 shows accounts fully protected and deposits insured. Table 33. A ccounts and D e p o s it s , A ll I n su r e d B a n k s , Se p te m b e r Number or amount Item 21, 1955 Percent of total All insured banks Commer cial banks Mutual savings banks N um ber of accounts (in th o u sands)— to ta l.................................... 129,713 114,568 15,145 100.0% 100.0% Fully protected (balances of $10,000 or less).......................... Partially protected (balances of more than $10,000).............. 127,427 112,551 14,876 98.2 98.2 98.2 2,286 2,017 269 1.8 1.8 1.8 A m ou n t of deposits (in millions) — to ta l................................................. $202,787 $181,849 $20,938 100.0% 100.0% 100.0% Insured............................................. Uninsured........................................ 111,754 91,033 91,463 90,386 20,291 647 55.1 44.9 50.3 49.7 96.9 3.1 Number of banks................................... 13,498 13,278 220 All insured banks Commer cial banks Mutual savings banks 100.0% A C C O U N T S A N D D EP O SITS, A L L IN S U R E D B A N K S , S E P T E M B E R 21, 1955 49 Extent of deposit insurance. The results of the 1955 survey exhibit a characteristic of deposit insurance which has been observed in every special call since 1934, namely, that almost all deposit accounts are fully protected in all sizes and types of banks, but the proportions of deposits insured differ markedly among banks. This is simply a reflection of the fact that there are relatively few accounts with very large deposit balances, and such accounts are located in the larger banks. The similari ties and differences in insurance coverage for banks of various size groups are evident from Chart G, which shows that banks in both the smallest and largest size groups have more than 98 percent of their accounts fully protected, but that the percentage of deposits insured in small banks is substantially higher than the percentage of deposits insured in large banks. C h art G . P r o p o r t io n 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 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 i z e o f B a n k , S e p t e m b e r 21, 1955 The influence of large banks on the data is apparent even when banks are grouped other ways than by size. Examination of the detailed statistics in Tables 35 and 36 will show, for example, that banks in major cities tend to have a smaller proportion of their deposits insured than banks in smaller population centers, and that the same is true of banks which are members of the Federal Reserve System when compared with those not members of the System. Yet no matter how the banks are grouped, the 50 FEDERAL D EP O SIT IN SU R A N C E C O R PO R A T IO N proportion of accounts fully protected remains high. Even in those banks with such large accounts that a small percentage of their deposits are insured, accounts with balances of $10,000 or less comprise 90 percent of all accounts. Mutual savings banks have a much larger proportion of their deposits insured than do commercial banks. Also, there is no significant difference among the proportions of deposits insured when mutual savings banks are grouped by size. These banks, regardless of size, hold almost entirely savings and time accounts, and many of them are not permitted by State law to receive deposits in excess of $10,000 from a depositor. Chart H. P r o p o r t io n 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 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 T y p e o f A c c o u n t , S e p t e m b e r 21, 1955 ____ IT 100 ACCOUNTS FULLY PROTECTED 75 SO DEPOSITS INSURED 25 75 PE,CElo l SAVINGS AND TIME* DEMAND* INTERBANK U.S. GOVERNMENT (S T A T E AND POLITICAL SUBDIVISION C UNINVESTED TRUST FUNDS DRAFTS OTHER ITEMS 100 * PERCENT "Of INDIVIDUALS. PARTNERSHIPS. AND CORPORATIONS There is considerable range in the proportions of accounts fully pro tected and of deposits insured when these data are shown by type of account. This is illustrated by Chart H, which shows, for example, that less than one-third of the interbank accounts and less than three-fourths of the government accounts are fully insured. This compares with account coverage of from 95 to 99 percent for other types of accounts. The range is even greater for the proportion of deposits insured in the various types of accounts. Ninety percent of savings and time deposits are in sured but for no other type of account is more than half the deposits insured. Indeed, the estimates indicate that less than seven percent of A C C O U N T S A N D D EP O SITS, A L L IN S U R E D B A N K S , S E P T E M B E R 21, 1955 51 the deposits in interbank accounts and only five percent of United States Government deposits are protected by insurance. However, it should be remembered that government deposits are usually protected by surety bonds or by pledge of securities, in addition to deposit insurance. Concentration o f risk to the Corporation. The fact that a rela tively small number of banks holds a large proportion of all deposits means that the risk to the Corporation as an insurer of bank deposits is concentrated in certain groups of banks. Such concentrations differ in degree and significance. Four distributions of insured deposits shown by the recent survey are illustrated in Chart I. The degree of concentration of insured deposits, when banks are grouped by size, is indicated by the fact that more than 45 percent of these deposits were in only two percent of the banks. Indeed, the six banks falling in the largest size category, which constituted less than one-twentieth of 1 percent of all insured banks, held insured deposits amounting to about $9 billion; this was more than five times the amount in the Corporation’s deposit insurance fund. Another type of concentration may be observed when the insured banks are grouped according to the Federal supervisory authorities to which they are accountable. Banks that are members of the Federal Reserve System, which are examined by representatives of the Comp troller of the Currency or the Federal Reserve banks, constitute slightly less than half of all insured banks. On the report date these banks held about two-thirds of the insured deposits. Thus, although the Federal Deposit Insurance Corporation regularly examines the majority of insured banks, the greater proportion of the deposits it insures is in those banks not usually subject to its examination. The distribution of insured banks and insured deposits by location provides additional illustrations of the concentration of insured deposits. As would be anticipated from knowledge of the size distribution of banks, data secured from the 1955 survey show that insured deposits are con centrated in large cities. Cities with 100,000 population or more serve as the headquarters for less than 8 percent of all insured banks, but these banks hold well over half of the insured deposits. In fact, $18 billion of insured deposits, or about 16 percent of the total, were located in the banks in New York City. The concentration of insured deposits in large cities is reflected in the distribution of insured deposits among States. Banks in 16 States in the northeast and north central sections of the country held almost two-thirds of all insured deposits on the report date, but these banks constitute less than half of all insured banks. By way of contrast, insured banks in an equal number of States in the south and southwest had less 52 FEDERAL D EP O S IT IN SU R A N C E C O R PO R A T IO N than a fifth of the insured deposits, though they comprise one-third of all insured banks. C h art I. Se le c te d P e r c e n t a g e D and i s t r i b u t io n s o f I n su r e d B a n k s , Se p t e m b e r PERCENT OF ALL INSURED DEPOSITS 7 0 -------------------------------------------------------------- I nsured D e p o s it s 21, 1955 (j j jjjjjjjj PERCENT OF ALL INSUREO BANKS ---------------------------------------------------- 70 POPULATION OF CENTER L E S S THAN 5,000 STATES CLASS OF BANK SAVINGS 100.000 OR MORE -------------------------------------70 7 0 - ---------------------------------------------- M EMBERS F .R .S . 5,000 TO 100.000 M EMBERS F.R.S. SOUTH AND SOUTHWEST (16 S T A T E S . 0 . 0 WEST AND NORTHWEST (16 S T A T E S ) NORTHEAST AND NORTH CEN TRAL (16 S T A T E S ) A C C O U N T S A N D D EP O SITS, A L L IN S U R E D B A N K S , S E P T E M B E R 21, 1955 53 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 which are not regularly examined by the Corporation. Fully protected accounts and insured deposits with higher maximum insurance limits. From time to time inquiries are made about account and deposit protection which would prevail under higher coverage limits for each depositor. The reports for September 21, 1955, provided an opportunity to secure such information for assumed coverage limits of $25,000 and of $100,000. Of course, if either coverage had actually been in effect on the report date the distribution of deposits might have been different, but there is no evidence that this seriously distorts the estimates. Chart J shows the proportion of accounts fully protected and of deposits insured under the three coverage limits. C h art J. 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 i t h M C o v e r a g e f o r E a c h D e p o s it o r o f $10,000, $25,000, a n d $100,000, A l l I n s u r e d B a n k s , S e p t e m b e r 21, 1955 DEPOSITS INSURED ACCOUNTS FULLY PROTECTED PR ESEN T COVERAGE OF $10 ,0 0 0 WITH COVERAGE OF $ 2 5 ,0 0 0 PRESENT COVERAGE OF $ 10,000 WITH COVERAGE OF $ 2 5 ,0 0 0 WITH COVERAGE OF $ 100,000 a x im u m 54 FEDERAL D EP O S IT IN SU R A N C E C O R PO R A T IO N Under the insurance limit of $10,000 only about two million of the 130 million accounts in all insured banks, or 1.8 percent, were not fully protected by insurance. Thus higher maximum insurance coverage could not have much effect on the proportion of accounts now completely in sured. If insurance coverage had been $25,000 for each depositor an additional million and a half accounts would have been fully protected, raising the proportion of fully protected accounts from the present 98.2 percent to 99.5 percent. Had the maximum for each depositor been $100,000 on the report date, still another half million accounts would have been completely covered, leaving only one-tenth of 1 percent of all accounts not fully protected by insurance. A higher maximum coverage for each depositor would have more effect on the proportion of deposits insured than on the proportion of accounts fully protected. Whereas about 55 percent of total deposits were insured on the report date under the present limitation, this proportion would have been about 64 percent under $25,000 coverage and 75 percent under $100,000 coverage; the total of insured deposits would have been $128.8 billion and $152.6 billion respectively. C h a n g e s in A c c o u n t s a n d D e p o s it s in I n s u r e d B a n k s , S p e c ia l C a l l D a t e s , 1934-1955 The call of September 21, 1955, was the eighth request for special reports on deposits from all insured banks. The first such request was made as of October 1, 1934, at which time banks combined accounts to show the number of depositors and their deposit balances. Subsequent requests, beginning in 1936, asked only for the number of accounts and the deposits in those accounts. Table 34 summarizes the data secured from the eight special calls. Accounts in insured banks, 1936-1955. The number of bank accounts reported as of the most recent special call date was more than twice the number reported on the special call of 1936. Fully protected accounts, i.e., accounts with balances not exceeding the insurance maxi mum, have increased by almost the same extent between these two dates, so that the percentage of accounts fully protected in 1955 was only slightly lower than the comparable percentage in 1936. However, the number of fully protected accounts has increased relatively less than the number of all accounts during each of the periods between special call dates, except from 1949 to 1951. The 1950 statutory increase in maximum insurance coverage for each depositor from $5,000 to $10,000 brought enough additional accounts into the fully protected category to bring account protection in 1951 slightly above the 1936 percentage. CHANGES IN Table 34. Date ACCOUNTS D EP O S ITS A c c o u n t s a n d D e p o s it s S p e c ia l C a l l D a t e s , Number of banks Number of accounts (in thousands) Total Sept. 21, 1955____ Sept. 19, 1951____ Sept. 2 0 ,1 9 4 9 .. . . Oct. 10, 1945......... Sept. 2 4 ,1 9 4 1 ____ Sept. 21, 1938____ May 13, 1936____ Oct. 1, 1934........... AND 13,498 13,652 13,631 13,481 13,487 13,754 14,148 14,128 129,713 111,608 104,003 92,333 69,495 62,731 58,785 51,246i Fully protected 127,427 109,938 99,564 88,988 68,165 61,690 57,817 50,423i in IN IN S U R ED 55 BANKS A ll I nsu red B a n k s , 1934-1955 Amount of deposits (in millions) Total $202,787 170,499 152,667 140,603 69,566 49,224 46,168 37,026 Insured $111,754 92,531 74,533 65,859 27,639 22,610 20,456 16,455i Proportion of— Accounts fully protected 98.2% 98.5 95.7 96.4 98.1 98.3 98.4 98.4i Deposits insured 55.1% 54.3 48.8 46.8 39.7 45.9 44.3 44.41 Note: Maximum insurance coverage for each depositor was $10,000 on the 1951 and 1955 dates; on previous dates coverage was limited to $5,000 for each depositor. 1 Not strictly comparable with data for later years because accounts belonging to the same depositor were combined. The decline in the proportion of accounts fully protected, except when coverage for each depositor was changed in 1950, is a consequence of deposits increasing faster than the number of accounts. This has resulted in the number of accounts larger than the insurance maximum rising at a faster rate than the total number of accounts. The different rates of increase of accounts and deposits are reflected in changes in the average size of account, as shown in Chart K. It will be observed that during the late 1930’s and the years embracing World War II deposits grew so much more rapidly than the number of accounts that the average size of account approximately doubled. By 1945 it reached $1,500 and has since remained at about that level. The relative stability in size of account since 1945 has been due to offsetting changes in the sizes of the two types of individual, partnership, and corporation accounts, which together comprise more than 90 percent of all bank accounts. As shown in Chart K, demand accounts of indi viduals, partnerships, and corporations have declined slightly in average size since 1945, whereas the average size of savings and time accounts has continued to increase. Chart K also shows that the number of accounts has grown more rapidly than has the population. Whereas there were only 45 bank accounts for each one hundred population in 1936 the number has gone up on each special call date and on September 21, 1955, was equal to 77 ac counts. This growing utilization of banking services is a consequence of the economic prosperity which has characterized much of the period since 1936, and also is due to successful efforts by banks to make an increasing variety of deposit facilities available to the public. In addition, it may reflect efforts of depositors to give themselves more insurance protection by dividing what would otherwise be single accounts into two or more accounts and distributing them among two or more banks. 56 Chart K. FEDERAL A ccounts in D EP O S IT IN SU R A N C E C O R PO R A T IO N 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 ates, 1936-1955 Deposits in insured banks, 1934-1955. Deposits in insured banks on the 1955 special call date were more than five times the amount reported for the first special call in 1934. The relative increase in insured deposits between the first and most recent call dates has been even greater, so that the percentage of deposits insured in 1955 was sub stantially above that which prevailed at the beginning of deposit in surance. The factor which was most influential in raising the proportion of deposits insured to its present level was the statutory increase in coverage for each depositor in 1950. The percentage of deposits insured rose from about 49 percent to 54 percent between the 1949 and 1951 special call dates, although data available from the 1951 special call revealed that the percentage of deposits insured would have declined between 1949 and 1951 had insurance coverage remained at the old level. Table 34 shows changes in the amount of insured deposits and in the percentage of deposits insured. During the four years since the 1951 special call there has been a slight increase in the proportion of deposits insured. This is explained by the fact that demand deposits (of individuals, partnerships, and corporations) in accounts of $10,000 or less grew more rapidly than those in larger-sized demand accounts, resulting in an increase in the proportion of demand deposits insured. This was more than sufficient to offset a decline in the proportion of savings and time deposits insured. CHANGES IN ACCOUNTS AND D EP O S ITS IN IN S U R E D BANKS 57 The very considerable growth in deposits, coupled with the decline in the number of insured banks since 1934, has resulted in a large shift in the distribution of insured banks by size, as measured by the amount of their deposits. For example, in 1934 more than 75 percent of the banks participating in Federal deposit insurance had less than $1 million of deposits; in 1955 only 14 percent were in that size category. Chart L illustrates the changes which have occurred in the distribution of in sured deposits by size of bank. C h art L. I nsured D e p o s it s , S p e c ia l C a l l D ates, 1934-1955 As banks increase in size they tend to hold larger amounts of unin sured balances. Thus another consequence of the change in the size distribution of insured banks is seen when banks are grouped by the percent of their deposits insured. In 1955, with $10,000 coverage for each depositor, there were about 2,700 banks with 90 percent or more of their deposits insured, whereas there were more than 5,000 such banks in 1936 when the coverage limit was only $5,000 for each depositor. D e t a il e d S t a t is t ic s Data reported by insured banks for the special call provide information that is not available elsewhere. For those interested in more detailed information than has been presented in the preceding pages, these data are presented in tables to follow by type of account; and for all accounts 58 FEDERAL D EP O S IT IN SU R A N C E C O R PO R A T IO N with the banks grouped by State, by class, by size, by population of center in which located, and by percent of deposits insured. For detailed statistics on insured deposits and fully protected accounts, the reader should consult Tables 35-36 or Tables 51-53. The first set of tables contains such information for all insured banks combined. The data and banks are grouped in the ways previously described and, in addition, there is a special grouping of banks by cities with more than 500,000 population. The second set of tables (51-53) contains somewhat similar information (except for the special groupings of banks by major cities) for insured commercial banks and for insured mutual savings banks. In addition, Tables 51-53 provide information on accounts which would be fully protected and deposits which would be insured under maximum coverage of $25,000 and $100,000 for each depositor. Tables 37-50 contain the basic data from which computations of insured deposits and fully protected accounts were made. Each such table relates either to insured commercial banks or to insured mutual savings banks, and shows, for various groupings of banks, the distribu tion of accounts or deposits as reported on the survey date. IN S T R U C TIO N S FOR P R E P A R A T IO N OF SUM M ARY O F D EP O SITS 59 INSTRUCTIONS FOR PREPARATION OF SUMMARY OF DEPOSITS, FORM 89—CALL NO. 7 AT THE CLOSE OF BUSINESS ON SEPTEMBER 21, 1955 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 consolidated report for the bank as a whole including deposits of all domestic branches and of those branches in Puerto Rico, the deposits of which are accorded insurance coverage. Do not include interbranch deposits (amounts due to branches and head office) in making this consolidated report. An entry should be made in every space on the form . Where there are no figures to report, the word “ None” must be written or stamped. N umber of A ccounts and A mount of D e p o s it s All deposit liabilities of the bank—with certain exceptions noted for items 7 and 8 below—should be included at items 1 through 8 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. For the purpose of this report include 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 department of the bank or redeposited in other banks. The deposit classifications correspond with the usual ledger and condition report items, with the exception o f: Item 6, “ Trust funds,” 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, and trust department checks out standing. Do not deduct overdrafts, if any, unless such overdrafts may legally be offset by a cash balance in a related trust department account. Each trust department account reflecting trust funds (principal and/or income cash, in cluding cash deposited in savings and checking accounts), as shown in the records of the trust department, should be reported as a separate account; Item 7, “ Outstanding bank drafts,” which is to be determined by the bank as of September 21, 1955. 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 8, “ All other deposits,” which will include letters of credit issued for cash; bank money orders; certified and travelers’ checks outstanding; officers’ checks outstanding other than those issued for purposes of the bank’s own trans actions; 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. 60 FEDERAL D EP O S IT IN S U R A N C E CO R PO R A T IO N 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. The entire amount of an account should be included under the appropriate subitem. For example, the entire $17,493.65 of an account of $17,493.65 should be placed in subitem (g) headed “ $10,000.01 to $25,000.00.” Do not enter $10,000.00 in subitem (f) headed “ $10,000.00 or less” and $7,493.65 in subitem (g) headed “ $10,000.01 to $25,000.00.” Only those ac counts the entire balance of which does not exceed $10,000.00 should be included in subitem (f) headed “ $10,000.00 or less.” For the purposes of this report, kindly note that: Accounts should not be combined. Each account standing to the credit of a depositor, whether or not in the same capacity and the same right, should be considered a separate account. The number of accounts reported should agree with the number of accounts on the books of the bank. If school savings are carried as one account, one account should be reported; if school savings ac counts are entered individually the total number of such accounts should be reported. Each dormant and inactive account should be reported as a separate account. Report as a separate account each outstanding certificate of deposit, letter of credit sold for cash, outstanding draft, certified and officer’s check. However, all travelers’ checks outstanding in the same name should be combined and reported as one account. IN S T R U C T IO N S FOR FDIC Form 89— Call No. 7 P R E P A R A T IO N OF SUM M ARY OF 61 D EP O S ITS O R IG IN A L — Return this copy to Federal Deposit Insurance Corporation Please read carefully the accompanying “ Instructions for the Preparation o f Summary o f Deposits, F o r a 89— Call No. 7” fo r an explanation o f bank deposits for the purpose o f this report. Include at items 1 through 8 o f this report all deposit liabilities o f the bank even though some o f these deposits may be: (a ) permissible exclusions or deductions fo r assessment purposes in preparing Certified Statements; or, (b ) excluded from de posits fo r Report o f Condition purposes. SUMMARY OF DEPOSITS OF_________________________________________________________________________ (Legal title o f bank) o f__________________________________ . _________________ . A T THE C L O SE O F BUSINESS O N SEPTEMBER 21, 1*55. (C ity) (P . 0 . Zone N o.) (State) F D IC Certificate No.____________________ TYPE OF DEPOSIT SIZE OF ACCOUNT $10,000.00 or less ......... 1. Demand deposits of individuals, partnerships, and corporations (exclude trust funds of own trust department) trust department) 3. Deposits of TJ. S. Government (indude postal savings) $10,000,00 or less, . $10,000.01 to $25,000.00.... $25,000.01 to $100,000.00$100,000.01 or more.......... Total.................................. 5. Deposits of domestic and foreign banks (include amounts “ due to other banks” without deduction of any amounts “ due from other banks” —exdude amounts due to own branches or head office) 6. Trust funds as recorded in own trust department (i.e., all trust funds held in cash in the trust de> partment, deposited in own banking department, or deposited in other banks) AMOUNT OF DEPOSITS DOLLARS CTS. f a ............... $10,000.01 to $25,000.00— h $25,000.01 to $100,000.00., $100,000.01 or more......... d Total.......................... ...... e $10,000.00 or loss ........... 4. Deposits of States and political subdivisions n $10,000.01 to $25,000.00.. h $25,000.01 to $100,000.00- c ............. ........ ............ $100,000.01 or more.......... d e $10,000.00 or less 2. Savings and time deposits of individuals, partner ships, and corporations (exclude trust funds of own NUMBER OF ACCOUNTS g ...................... h i j f b i j f h c ........ ................................ d e a $10,000.01 to $25,000.00— b $25,000.01 to $100,000.00.. $100,000.01 or more_____ d Total.................................. e a $10,000.00 or less , , h i j f , h i j f z $10,000.01 to $25,000.00— h $25,000.01 to $100,000.00- o.____ ____ __ _ $100,000.01 or more..... .. d Total............................ — e $10,000.00 or less._______ a $10,000.01 to $25,000.00— h h i j t g„ ___ h i $25,000.01 to $100,000.00.. $100,000.01 or more.......... d Total........................... ...... e j f ........ z 7. Outstanding bank drafts $10,000.00 or less. ........... a .............................. $10,000.01 to $25,000.00.... h .............. ....... $25,000.01 to $100,000.00.. $100,000.01 or more......... d e $intftnn no « r ............ ... 8. All other deposits n, $10,000.01 to $25,000.00— h $25,000.01 to $100,000.00.. $100,000.01 or more— ..... d Total................................. e 9. Total deposits (total of items 1 through 8) $10,000.00 or less._______ $10,000.01 to $25,000.00— h $25,000.01 to $100,000.00.. $100,000.01 or more......... d Total........ ........................ e h i i f h i i f --------- _ i j The above statement is correct to the best of my knowledge and belief. (Name and title of officer) (Signature o f above officer) D e t a il e d Table 35. T ables: D is t r ib u t io n o f A ccounts F u lly and A ccounts a n d P a r t ia l l y P ro tec ted and D D e p o s it s , e p o s it s A ll I nsur ed B a n k s I n su r e d , Septem ber 21, 1955 B AN KS GROUPED B Y FEDERAL DEPOSIT INSURANCE CORPORATION DISTRICT AND STATE Percent of accounts Number of accounts Number of banks Insured Total Fully Partially Fully protected1 protected2 protected Partially protected Total Total insured In fully protected accounts Insured Not insured 44.9% T otal United States. . . 13,498 129,713,038 127,427,379 2,285,659 98.2% 1.8% $202,786,895 $111,754,737 $88,898,147 $22,856,590 $91,032,158 55.1% C ontinental U. S . . . . 13,476 129,308,717 127,027,264 2,281,453 98.2 1.8 202,395,427 111,534,451 88,719,921 22,814,530 90,860,976 55.1 44.9 404,321 400,115 4,206 99.0 1.0 391,468 220,286 178,226 42,060 171,182 56.3 43.7 FDIC District District 1 .................... District 2 .................... District 3 .................... District 4 .................... District 5 .................... District 6 .................... District 7 .................... District 8 ..................... District 9 .............. .. District 1 0 .................. District 1 1 .................. District 1 2 .................. 485 997 1,451 1,032 1,008 1,456 1,438 1,526 1,100 1,464 1,131 410 6,715,508 27,870,287 16,560,448 9,018,193 5,920,887 7,254,895 11,224,631 9,415,914 3,861,903 4,840,495 7,676,684 19,353,193 6,610,695 27,298,283 16,294,178 8,897,700 5,821,763 7,135,364 11,052,193 9,214,790 3,799,698 4,747,323 7,525,466 19,029,926 104,813 572,004 266,270 120,493 99,124 119,531 172,438 201,124 62,205 93,172 151,218 323,267 98.4 97.9 98.4 98.7 98.3 98.4 98.5 97.9 98.4 98.1 98.0 98.3 1.6 2.1 1.6 1.3 1.7 1.6 1.5 2.1 1.6 1.9 2.0 1.7 9,347,380 58,539,299 23,474,592 10,563,808 7,751,722 10,305,655 15,171,515 17,349,769 5,429,420 7,369,967 12,581,596 24,902,172 4,944,949 31,355,400 13,389,874 6,055,186 4,364,880 5,565,702 9,264,667 8,847,966 3,550,121 4,135,873 6,045,340 14,234,779 3,896,819 25,635,360 10,727,174 4,850,256 3,373,640 4,370,392 7,540,287 6,836,726 2,928,071 3,204,153 4,533,160 11,002,109 1,048,130 5,720,040 2,662,700 1,204,930 991,240 1,195,310 1,724,380 2,011,240 622,050 931,720 1,512,180 3,232,670 4,402,431 27,183,899 10,084,718 4,508,622 3,386,842 4,739,953 5,906,848 8,501,803 1,879,299 3,234,094 6,536,256 10,667,393 52.9 53.6 57.0 57.3 56.3 54.0 61.1 51.0 65.4 56.1 48.0 57.2 47.1 46.4 43.0 42.7 43.7 46.0 38.9 49.0 34.6 43.9 52.0 42.8 State Alabama...................... Arizona........................ Arkansas...................... California.................... Colorado...................... 238 10 228 144 154 1,395,869 510,446 799,148 14,842,251 981,785 1,376,414 500,809 786,440 14,600,109 960,919 19,455 9,637 12,708 242,142 20,866 98.6 98.1 98.4 98.4 97.9 1.4 1.9 1.6 1.6 2.1 1,573,648 703,751 931,759 18,648,234 1,611,677 919,550 415,981 598,886 10,308,578 888,165 725,000 319,611 471,806 7,887,158 679,505 194,550 96,370 127,080 2,421,420 208,660 654,098 287,770 332,873 8,339,656 723,512 58.4 59.1 64.3 55.3 55.1 41.6 40.9 35.7 44.7 44.9 Connecticut................ Delaware..................... District of Columbia. Florida......................... Georgia........................ 94 31 17 229 348 1,560,028 341,499 715,407 1,895,602 1,745,442 1,534,319 334,724 701,008 1,854,701 1,719,200 25,709 6,775 14,399 40,901 26,242 98.4 98.0 98.0 97.8 98.5 1.6 2.0 2.0 2.2 1.5 2,176,464 586,197 1,356,583 3,006,933 2,251,014 1,227,181 280,301 617,976 1,672,852 1,168,102 970,091 212,551 473,986 1,263,842 905,682 257,090 67,750 143,990 409,010 262,420 949,283 305,896 738,607 1,334,081 1,082,912 56.4 47.8 45.6 55.6 51.9 43.6 52.2 54.4 44.4 48.1 Idaho............................ Illinois.......................... Indiana........................ Iowa. ........................... Kansas......................... 36 908 470 618 501 385,549 7,413,248 2,992,533 2,002,666 1,349,015 377,443 7,244,856 2,945,400 1,969,934 1,324,319 8,106 168,392 47,133 32,732 24,696 97.9 97.7 98.4 98.4 98.2 2.1 2.3 1.6 1.6 1.8 526,833 14,758,045 4,019,751 2,591,724 1,888,074 365,876 7,086,680 2,464,460 1,761,286 1,149,042 284,816 5,402,760 1,993,130 1,433,966 902,082 81,060 1,683,920 471,330 327,320 246,960 160,957 7,671,365 1,555,291 830,438 739,032 69.4 48.0 61.3 68.0 60.9 30.6 52.0 38.7 32.0 39.1 CO R P O R A TIO N 22 INSURANCE Other areas................... DEPOSIT Uninsured In partially in partially protected protected accounts accounts FEDERAL FDIC District and State Percent of total deposits Deposits (in thousands) 1.4 1.6 1.0 1.4 1.9 1,725,908 2,389,408 585,030 2,421,569 4,680,475 1,077,703 1,089,013 418,355 1,494,922 1,934,372 867,833 823,223 346,875 1,209,672 1,440,052 209,870 265,790 71,480 285,250 494,320 648,205 1,300,395 166,675 926,647 2,746,103 62.4 45.6 71.5 61.7 41.3 37.6 54.4 28.5 38.3 58.7 Michigan..................... Minnesota................... Mississippi.................. Missouri...................... Montana..................... 418 668 193 585 112 5,401,735 2,568,218 883,974 3,110,054 428,801 5,317,607 2,531,654 871,448 3,053,709 418,437 84,128 36,564 12,526 56,345 10,364 98.4 98.6 98.6 98.2 97.6 1.6 1.4 1.4 1.8 2.4 7,454,166 3,624,453 920,127 5,217,740 677,152 4,396,557 2,231,754 604,376 2,564,184 443,597 3,555,277 1,866,114 479,116 2,000,734 339,957 841,280 365,640 125,260 563,450 103,640 3,057,609 1,392,699 315,751 2,653,556 233,555 59.0 61.6 65.7 49.1 65.5 41.0 38.4 34.3 50.9 34.5 Nebraska..................... Nevada........................ New Hampshire. . . . New Jersey................. New Mexico............... 380 8 75 318 52 938,124 197,134 476,133 5,860,656 359,369 919,075 192,813 468,662 5,781,581 353,097 19,049 4,321 7,471 79,075 6,272 98.0 97.8 98.4 98.6 98.3 2.0 2.2 1.6 1.4 1.7 1,459,409 300,638 515,983 6,705,185 492,106 884,838 173,230 392,426 4,735,593 275,328 694,348 130,020 317,716 3,944,843 212,608 190,490 43,210 74,710 790,750 62,720 574,571 127,408 123,557 1,969,592 216,778 60.6 57.6 76.1 70.6 55.9 39.4 42.4 23.9 29.4 44.1 New Y ork................... North Carolina.......... N orth Dakota............ Ohio.............................. Oklahoma................... 639 219 149 625 376 21,397,664 1,796,390 398,460 6,916,357 1,361,535 20,913,663 1,771,625 391,323 6,806,442 1,337,991 484,001 24,765 7,137 109,915 23,544 97.7 98.6 98.2 98.4 98.3 2.3 1.4 1.8 1.6 1.7 51,036,166 2,282,941 528,118 9,836,418 2,092,682 26,221,184 1,159,230 421,051 5,480,482 1,013,795 21,381,174 911,580 349,681 4,381,332 778,355 4,840,010 247,650 71,370 1,099,150 235,440 24,814,982 1,123,711 107,067 4,355,936 1,078,887 51.4 50.8 79.7 55.7 48.4 48.6 49.2 20.3 44.3 51.6 Oregon......................... Pennsylvania.............. Rhode Island............. South Carolina.......... South Dakota............ 49 826 13 142 171 1,224,663 9,644,091 902,645 785,878 466,424 1,199,950 9,487,736 892,268 774,937 458,284 24,713 156,355 10,377 10,941 8,140 98.0 98.4 98.9 98.6 98.3 2.0 1.6 1.1 1.4 1.7 1,821,514 13,638,174 972,421 865,996 599,697 1,172,656 7,909,392 618,609 505,972 453,719 925,526 6,345,842 514,839 396,562 372,319 247,130 1,563,550 103,770 109,410 81,400 648,858 5,728,782 353,812 360,024 145,978 64.4 58.0 63.6 58.4 75.7 35.6 42.0 36.4 41.6 24.3 Tennessee.................... Texas............................ U tah............................. Vermont...................... Virginia....................... 291 895 54 70 318 1,879,361 5,151,119 551,410 488,452 2,503,443 1,849,870 5,042,389 543,054 483,776 2,473,840 29,491 108,730 8,356 4,676 29,603 98.4 97.9 98.5 99.0 98.8 1.6 2.1 1.5 1.0 1.2 2,430,248 8,996,331 769,351 417,007 2,569,002 1,324,929 4,265,018 420,805 354,006 1,583,642 1,030,019 3,177,718 337,245 307,246 1,287,612 294,910 1,087,300 83,560 46,760 296,030 1,105,319 4,731,313 348,546 63,001 985,360 54.5 47.4 54.7 84.9 61.6 45.5 52.6 45.3 15.1 38.4 Washington................ West Virginia............ Wisconsin.................... Wyoming.................... 106 178 550 53 2,018,333 1,131,469 2,830,363 210,036 1,984,757 1,119,209 2,789,186 205,019 33,576 12,260 41,177 5,017 98.3 98.9 98.5 97.6 1.7 1.1 1.5 2.4 2,655,885 1,067,717 3,697,598 318,125 1,691,670 693,444 2,403,650 200,033 1,355,910 570,844 1,991,880 149,863 335,760 122,600 411,770 50,170 964,215 374,273 1,293,948 118,092 63.7 64.9 65.0 62.9 36.3 35.1 35.0 37.1 BANKS 1 Accounts with balances of $10,000 or less. 2 Accounts with balances of more than $10,000. INSURED 98.6 98.4 99.0 98.6 98.1 ALL 20,987 26,579 7,148 28,525 49,432 OF 1,445,345 1,629,171 685,753 2,057,081 2,545,917 DEPOSITS 1,466,332 1,655,750 692,901 2,085,606 2,595,349 AND 352 174 62 158 171 ACCOUNTS Kentucky.................... Louisiana.................... Maine........................... Maryland.................... Massachusetts........... O CO Table 36. A ccounts F ully and P a r t ia l l y P ro tec ted and D e p o s it s I n s u r e d , A ll I n su r e d B a n k s , Se p t e m b e r 21, 1955 B AN KS GROUPED BY 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 Total Percent of total deposits Deposits (in thousands) Insured Insured Not insured 98.2% 1.8% $202,786,895 $111,754,737 $88,898,147 $22,856,590 $91,032,158 55.1% 44.9% Partially pro tected Total Total insured In fully protected accounts 8,861 195,003 1,455,817 4,804,971 14,397,121 39 1,257 12,918 54,383 186,783 99.6 99.4 99.1 98.9 98.7 .4 .6 .9 1.1 1.3 4,678 124,579 1,148,624 4,323,163 13,994,529 4,296 112,761 1,009,435 3,637,019 11,141,550 3,906 100,191 880,255 3,093,189 9,273,720 390 12,570 129,180 543,830 1,867,830 382 11,818 139,189 686,144 2,852,979 91.8 90.5 87.9 84.1 79.6 8.2 9.5 12.1 15.9 20.4 2,099 1,338 444 222 163 14,504,595 18,447,653 11,526,496 10,236,590 14,661,302 14,307,652 18,182,439 11,329,501 10,048,944 14,377,865 196,943 265,214 196,995 187,646 283,437 98.6 98.6 98.3 98.2 98.1 1.4 1.4 1.7 1.8 1.9 14,764,901 20,395,957 15,259,025 15,584,569 25,651,254 10,901,505 13,980,844 9,614,907 8,987,605 13,911,979 8,932,075 11,328,704 7,644,957 7,111,145 11,077,609 1,969,430 2,652,140 1,969,950 1,876,460 2,834,370 3,863,396 6,415,113 5,644,118 6,596,964 11,739,275 73.8 68.5 63.0 57.7 54.2 26.2 31.5 37.0 42.3 45.8 $250,000,000 to $500,000,000. .. $500,000,000 to $1,000,000,000. . $1,000,000,000 to $2,500,000,000 $2,500,000,000 or more................ 70 29 12 6 11,994,792 8,142,074 5,910,245 13,172,138 11,724,725 7,924,243 5,737,369 12,932,868 270,067 217,831 172,876 239,270 97.7 97.3 97.1 98.2 2.3 2.7 2.9 1.8 24,703,972 19,798,359 20,157,866 26,875,419 12,988,251 9,764,532 6,621,442 9,078,611 10,287,581 7,586,222 4,892,682 6,685,911 2,700,670 2,178,310 1,728,760 2,392,700 11,715,721 10,033,827 13,536,424 17,796,808 52.6 49.3 32.8 33.8 47.4 50.7 67.2 66.2 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................................. 540 1,245 2,101 2,952 1,732 598,519 1,586,095 3,623,013 8,128,618 7,214,038 590,828 1,567,879 3,578,505 8,023,405 7,115,220 7,691 18,216 44,508 105,213 98,818 98.7 98.9 98.8 98.7 98.6 1.3 1.1 1.2 1.3 1.4 671,068 1,478,747 3,453,680 7,945,092 7,330,076 499,149 1,270,122 2,898,193 6,450,773 5,591,968 422,239 1,087,962 2,453,113 5,398,643 4,603,788 76,910 182,160 445,080 1,052,130 988,180 171,919 208,625 555,487 1,494,319 1,738,108 74.4 85.9 83.9 81.2 76.3 25.6 14.1 16.1 18.8 23.7 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......................... 1,579 1,285 630 409 375 9,604,872 12,858,483 10,170,413 9,149,837 12,128,543 9,473,920 12,672,373 10,015,823 9,006,093 11,920,457 130,952 186,110 154,590 143,744 208,086 98.6 98.6 98.5 98.4 98.3 1.4 1.4 1.5 1.6 1.7 9,923,701 14,150,383 11,985,066 11,735,541 18,424,248 7,284,739 9,729,738 7,880,298 6,970,365 9,481,480 5,975,219 7,868,638 6,334,398 5,532,925 7,400,620 1,309,520 1,861,100 1,545,900 1,437,440 2,080,860 2,638,962 4,420,645 4,104,768 4,765,176 8,942,768 73.4 68.8 65.8 59.4 51.5 26.6 31.2 34.2 40.6 48.5 250,000 to 500,000......................... 500,000 to 1,000,000..................... 1,000,000 to 2,500,000................. 2,500,000 or more.......................... 230 203 45 172 10,183,909 21,945,992 6,462,619 16,058,087 9,981,197 21,553,606 6,319,611 15,608,462 202,712 392,386 143,008 449,625 98.0 98.2 97.8 97.2 2.0 1.8 2.2 2.8 18,365,633 34,692,345 12,520,197 50,111,118 8,939,067 16,742,313 6,005,953 22,010,579 6,911,947 12,818,453 4,575,873 17,514,329 2,027,120 3,923,860 1,430,080 4,496,250 9,426,566 17,950,032 6,514,244 28,100,539 48.7 48.3 48.0 43.9 51.3 51.7 52.0 56.1 U20 99 73 22 15 8 16 U A 66,698 12,824,640 3,233,447 2,548,340 2,057,120 1,857,159 1,103,370 48,W , 679 12,473,052 3,135,410 2,492,027 2,008,992 1,818,592 1,085,934 985,019 351,588 98,037 56,313 48,128 38,567 17,436 97.8 97.3 97.0 97.8 97.7 97.9 98.4 2.2 2.7 3.0 2.2 2.3 2.1 1.6 97,823,657 40,441,834 9,669,282 4,912,313 3,880,422 3,727,461 1,517,504 U ,7 5 8 ,8 U 18,442,428 3,568,151 2,396,354 1,814,486 1,795,113 843,637 SA,908,65b 14,926,548 2,587,781 1,833,224 1,333,206 1,409,443 669,277 9,850,190 3,515,880 980,370 563,130 481,280 385,670 174,360 52,56k, 818 21,999,406 6,101,131 2,515,959 2,065,936 1,932,348 673,867 U6.0 45.6 36.9 48.8 46.8 48.2 55.6 5U.0 54.4 63.1 51.2 53.2 51.8 44.4 $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. .. Banks in cities with 'population of 500,000 or more............. New York................................ Chicago.................................... Philadelphia............................ Los Angeles............................. Detroit...................................... for FRASER Baltimore................................. Digitized CO R PO R ATIO N 8,900 196,260 1,468,735 4,859,354 14,583,904 25 314 1,490 2,944 4,342 INSURANCE 2,285,659 Banks with deposits of— Less than $250,000........................ $250,000 to $500,000.................... $500,000 to $1,000,000................ $1,000,000 to $2,000,000............. $2,000,000 to $5,000,000............. DEPOSIT 13,498 129,713,038 127,427,379 All insured b an k s....................... FEDERAL Uninsured In partially in partially protected protected accounts accounts Fully Partially Fully protected1 protected2 protected Cleveland................................. St. Louis................................... Washington, D. C.................. Boston...................................... San Francisco......................... Pittsburgh............................... 1,663,806 937,617 701,008 541,449 11,219,140 1,219,062 34,953 20,990 14,399 23,195 166,687 29,366 97.9 97.8 98.0 95.9 98.5 97.6 2.1 2.2 2.0 4.1 1.5 2.4 3,063,046 2,128,981 1,356,583 2,536,103 12,921,015 2,918,030 1,556,346 841,899 617,976 641,255 7,217,080 1,208,094 1,206,816 631,999 473,986 409,305 5,550,210 914,434 349,530 209,900 143,990 231,950 1,663,870 293,660 1,506,700 1,287,082 738,607 1,894,848 5,703,935 1,709,936 50.8 39.5 45.6 25.3 55.9 41.4 49.2 60.5 54.4 74.7 44.1 58.6 6 21 6 533,024 534,376 1,364,138 605,524 689,137 544,751 520,930 518,285 1,340,016 596,484 676,871 533,004 12,094 16,091 24,122 9,040 12,266 11,747 97.7 97.0 98.2 98.5 98.2 97.8 2.3 3.0 1.8 1.5 1.8 2.2 1,213,829 1,707,346 1,938,726 999,569 1,285,584 1,106,029 532,389 533,352 1,365,724 314,465 628,994 441,101 411,449 372,442 1,124,504 224,065 506,334 323,631 120,940 160,910 241,220 90,400 122,660 117,470 681,440 1,173,994 573,002 685,104 656,590 664,928 43.9 31.2 70.4 31.5 48.9 39.9 56.1 68.8 29.6 68.5 51.1 60.1 4,725 1,856 61,940,128 26,348,674 60,827,461 25,781,306 1,112,667 567,368 98.2 97.8 1.8 2.2 99,642,699 55,839,420 49,047,425 23,012,728 37,920,755 17,339,048 11,126,670 5,673,680 50,595,274 32,826,692 49.2 41.2 50.8 58.8 6,697 26,279,289 15,144,947 25,942,507 14,876,105 336,782 268,842 98.7 98.2 1.3 1.8 26,367,359 20,937,417 19,403,497 20,291,087 16,035,677 17,602,667 3,367,820 2,688,420 6,963,862 646,330 73.6 96.9 26.4 3.1 21 19 30 9 220 100.0 98.5 98.8 98.6 98.4 98.4 1.5 1.2 1.4 1.6 1.6 6,537 24,547,746 16,481,639 23,433,738 24,371,695 30,538,115 6,537 23,677,008 13,829,775 17,428,304 15,727,319 17,038,252 6,537 20,647,178 11,704,215 14,298,274 12,495,889 13,250,142 3,029,830 2,125,560 3,130,030 3,231,430 3,788,110 870,738 2,651,864 6,005,434 8,644,376 13,499,863 100.0 96.5 83.9 74.4 64.5 55.8 3.5 16.1 25.6 35.5 44.2 40 to 49 percent.............................. 30 to 39 percent.............................. 20 to 29 percent.............................. 10 to 19 percent.............................. 0 to 9 percent.................................. 246 140 59 22 2 8,709,893 8,885,418 4,909,404 1,885,151 104,593 8,523,226 8,638,783 4,705,635 1,780,425 91,227 186,667 246,635 203,769 104,726 13,366 97.9 97.2 95.8 94.4 87.2 2.1 2.8 4.2 5.6 12.8 16,037,506 24,445,028 24,728,198 15,177,998 3,018,695 7,024,792 8,532,540 5,813,877 2,466,778 209,555 5,158,122 6,066,190 3,776,187 1,419,518 75,895 1,866,670 2,466,350 2,037,690 1,047,260 133,660 9,012,714 15,912,488 18,914,321 12,711,220 2,809,140 43.8 34.9 23.5 16.3 6.9 56.2 65.1 76.5 83.7 93.1 52,211,707 67,245,952 123,575 51,368 50,982,477 66,458,476 36,827 38,443 1,229,230 787,476 86,748 12,925 97.6 98.8 29.8 74.8 2.4 1.2 70.2 25.2 100,165,958 64,845,965 15,167,039 3,782,460 47,185,610 59,018,811 1,013,001 201,298 34,893,310 51,144,051 145,521 72,048 12,292,300 7,874,760 867,480 129,250 52,980,348 5,827,154 14,154,038 3,581,162 47.1 91.0 6.7 5.3 52.9 9.0 93.3 94.7 289,181 1,009,159 863,720 7,918,376 204,071 967,321 845,020 7,894,744 85,110 41,838 18,700 23,632 70.6 95.9 97.8 99.7 29.4 4.1 2.2 .3 11,463,645 3,144,773 1,355,045 2,862,010 1,337,290 1,158,703 523,729 1,316,295 486,190 740,323 336,729 1,079,975 851,100 418,380 187,000 236,320 10,126,355 1,986,070 831,316 1,545,715 11.7 36.8 38.7 46.0 88.3 63.2 61.3 54.0 Type of account Individual, partnership, and cor poration accounts: Demand........................................ Savings and time....................... Interbank accounts........................ U. S. Government accounts. . . . State and political subdivision accounts........................................ Uninvested trust funds................. Drafts................................................ Other items...................................... 1 Accounts with balances of $10,000 or less. 2 Accounts with balances of more than $10,000. BANKS 302,983 212,556 313,003 323,143 378,811 INSURED 12,960 19,560,242 18,004,048 22,552,561 19,724,399 23,833,873 ALL 12,960 19,863,225 18,216,604 22,865,564 20,047,542 24,212,684 20 OF 2,735 4,581 3,468 1,587 638 DEPOSITS Banks with percent of de posits insured of— 100 percent...................................... 90 to 99 percent.............................. 80 to 89 percent.............................. 70 to 79 percent.............................. 60 to 69 percent.............................. 50 to 59 percent.............................. 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................... 1,698,759 958,607 715,407 564,644 11,385,827 1,248,428 ACCOUNTS Milwaukee............................... Houston................................... Buffalo...................................... New Orleans........................... Minneapolis............................. Cincinnati................................ 9 27 17 9 13 O Cn 05 o D e ta ile d T a b le s : D is tr ib u tio n T a b le 37. o f A c c o u n ts o f In su re 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 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 ia l B a n k s , S e p t e m b e r 2 1 , 1955 BAN KS GROUPED BY FEDERAL DEPOSIT INSURANCE CORPORATION DISTRICT AND STATE FDIC District and State Total $10,000 or less $25,000 to $100,000 More than $100,000 $10,000 or less $10,000 to $25,000 $25,000 t.0 $100,000 More than $100,000 .1% 114,568,091 112,551,274 1,334,096 513,690 169,031 98.2% 1.2% .5 % 13,256 114,163,770 112,151,159 1,331,264 512,616 168,731 98.2 1.2 .5 .1 Other areas................................................ 22 404,321 400,115 2,832 1,074 300 98.9 .7 .3 .1 447 844 1,441 1,025 1,008 1,456 1,432 1,526 1,099 1,464 1,131 405 6,028,065 16,334,351 14,702,089 8,496,825 5,920,887 7,254,895 11,161,169 9,415,914 3,650,486 4,840,495 7,676,684 19,086,231 5,932,421 15,977,475 14,465,974 8,382,886 5,821,763 7,135,364 10,989,442 9,214,790 3,589,888 4,747,323 7,525,466 18,768,482 59,358 211,688 157,579 74,188 65,282 77,386 120,249 136,702 42,364 63,747 95,939 229,614 27,278 101,511 59,037 30,222 26,351 31,928 39,998 48,375 14,278 22,932 42,028 69,752 9,008 43,677 19,499 9,529 7,491 10,217 11,480 16,047 3,956 6,493 13,251 18,383 98.4 97.8 98.4 98.7 98.3 98.4 98.5 97.9 98.3 98.1 98.0 98.3 1.0 1.3 1.1 .9 1.1 1.1 1.1 1.4 1.2 1.3 1.3 1.2 .5 .6 .4 .3 .5 .4 .3 .5 .4 .5 .5 .4 .1 .3 .1 .1 .1 .1 .1 .2 .1 .1 .2 .1 238 10 228 144 154 1,395,869 510,446 799,148 14,842,251 981,785 1,376,414 500,809 786,440 14,600,109 960,919 12,877 6,880 8,504 175,934 14,412 5,123 2,244 3,445 52,342 5,000 1,455 513 759 13,866 1,454 98.6 98.1 98.4 98.4 97.9 .9 1.4 1.1 1.2 1.5 .4 .4 .4 .3 .5 .1 .1 .1 .1 .1 89 30 17 229 348 1,481,650 321,514 715,407 1,895,602 1,745,442 1,457,727 315,183 701,008 1,854,701 1,719,200 16,072 3,999 8,926 27,596 16,199 6,040 1,787 4,136 10,495 7,551 98.4 98.0 98.0 97.8 98.5 1.1 1.2 1.2 1.5 .9 .4 .6 .6 .6 .4 .1 .2 .2 .1 .2 FDIC District District 1 .................................................. District 2 .................................................. District 3 .................................................. District 4 .................................................. District 5 .................................................. District 6 . ....................................... District 7 .................................................. District 8 .............................................. District 9 ................................................ District 10 .............................................. State Arkansas .................................... Connecticut.............................................. District of Columbia.............. .............. 1,811 545 1,337 2,810 2,492 ! C O R PO R ATIO N 13,278 Continental U. S ...................................... INSURANCE T otal United S tates.................................... DEPOSIT $10,000 to $25,000 FEDERAL Percent of total accounts Number of accounts Number of banks Idaho.......................................................... Illinois........................................................ Indiana...................................................... Iowa........................................................... Kansas....................................................... 36 908 467 618 501 385,549 7,413,248 2,961,709 2,002,666 1,349,015 377,443 7,244,856 2,915,061 1,969,934 1,324,319 6,096 113,033 32,258 23,669 17,147 1,716 41,047 11,170 7,328 5,970 294 14,312 3,220 1,735 1,579 97.9 97.7 98.4 98.3 98.2 1.6 1.5 1.1 1.2 1.3 •4 .6 .4 .4 .4 Kentucky.................................................. Louisiana.................................................. Maine......................................................... Maryland.................................................. Massachusetts.......................................... 352 174 53 151 171 1,466,332 1,655,750 627,140 1,564,238 2,595,349 1,445,345 1,629,171 620,619 1,542,267 2,545,917 14,233 16,645 4,520 14,444 27,952 5,356 7,387 1,623 5,647 15,729 1,398 2,547 378 1,880 5,751 98.5 98.4 99.0 98.6 98.1 1.0 1.0 .7 .9 1.1 .4 .4 .2 .4 .6 Michigan................................................... Minnesota................................................. Mississippi................................................ Missouri.................................................... Montana.................................................... 418 667 193 585 112 5,401,735 2,356,801 883,974 3,110,054 428,801 5,317,607 2,321,844 871,448 3,053,709 418,437 58,899 22,999 8,610 35,307 7,605 19,614 8,954 3,182 15,434 2,297 5,615 3,004 734 5,604 462 98.4 98.5 98.5 98.2 97.6 1.1 1.0 1.0 1.1 1.8 .4 .4 .4 .5 .5 .1 .1 .1 Nebraska................................................... Nevada...................................................... New Hampshire...................................... New Jersey............................................... New Mexico............................................. 380 8 63 295 52 938,124 197,134 271,745 5,019,825 359,369 919,075 192,813 267,895 4,954,842 353,097 13,170 2,961 2,634 45,934 4,197 4,523 1,108 977 15,171 1,670 1,356 252 239 3,878 405 98.0 97.8 98.6 98.7 98.2 1.4 1.5 1.0 .9 1.2 .5 .6 .3 .3 .5 .1 .1 .1 .1 .1 New York................................................. North Carolina........................................ North Dakota.......................................... Ohio............................................................ Oklahoma.................................................. 510 219 149 622 376 10,722,544 1,796,390 398,460 6,515,419 1,361,535 10,439,135 1,771,625 391,323 6,411,386 1,337,991 160,364 15,086 5,580 69,660 15,460 83,971 7,160 1,365 25,675 6,199 39,074 2,519 192 8,698 1,885 97.3 98.6 98.2 98.4 98.3 1.5 .8 1.4 1.1 1.1 .8 .4 .4 .4 .5 0) .1 .1 Oregon....................................................... Pennsylvania............................................ Rhode Island........................................... South Carolina........................................ South Dakota.......................................... 48 819 8 142 171 1,209,618 8,186,670 674,382 785,878 466,424 1,185,416 8,054,588 665,936 774,937 458,284 17,464 87,919 5,488 7,168 6,180 5,461 33,362 2,250 3,005 1,662 1,277 10,801 708 768 298 98.0 98.4 98.8 98.6 98.2 1.4 1.1 .8 .9 1.3 .5 .4 .3 .4 .4 .1 .1 .1 .1 .1 Tennessee.................................................. Texas.......................................................... U tah........................................................... Vermont.................................................... Virginia...................................................... 291 895 54 63 318 1,879,361 5,151,119 551,410 377,799 2,503,443 1,849,870 5,042,389 543,054 374,327 2,473,840 19,342 68,217 5,785 2,692 20,310 7,693 30,727 1,917 659 7,113 2,456 9,786 654 121 2,180 98.5 97.9 98.5 99.1 98.8 1.0 1.3 1.1 .7 .8 .4 .6 .3 .2 .3 .1 !i (i) .i Washington.............................................. West Virginia........................................... Wisconsin.................................................. Wyoming................................................... 102 178 547 53 1,766,416 1,131,469 2,797,725 210,036 1,737,847 1,119,209 2,756,774 205,019 19,933 8,254 29,092 3,558 6,716 3,161 9,214 1,240 1,920 845 2,645 219 98.4 98.9 98.6 97.6 1.1 .7 1.0 1.7 .4 .3 .3 .6 .i .i .i .i .1 .2 .1 .1 .1 .1 .1 .1 ACCOUNTS '.1 OF INSURED COMMERCIAL BANKS 1 Less than .05 percent. Oi Table 38. D is t r ib u t io n o f A c c o u n t s A c c o r d in g to Siz e , I n s u r e d C o m m e r c ia l B a n k s , Se p t e m b e r 21, 1955 B AN K S GROUPED B Y AMOUNT OF DEPOSITS, POPULATION OF CENTER IN W HICH LOCATED, CLASS, AND PERCENT OF DEPOSITS INSURED; AND ACCOUNTS GROUPED BY TYPE Percent of total accounts Number of accounts Number of banks Total $10,000 or less $10,000 to $25,000 $25,000 to $100,000 More than $100,000 112,551,274 1,334,096 513,690 169,031 25 314 1,489 2,941 4,330 8,900 196,260 1,468,209 4,850,387 14,537,804 8,861 195,003 1,455,307 4,796,046 14,351,521 33 1,019 10,402 43,005 142,366 6 235 2,393 10,352 38,648 $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............. 2,065 1,295 405 191 130 14,258,653 17,839,537 10,435,418 8,429,762 10,511,791 14,064,856 17,584,967 10,257,579 8,268,854 10,290,037 142,403 180,806 120,575 102,722 135,405 $250,000,000 to $500,000,000............. $500,000,000 to $1,000,000,000.......... $1,000,000,000 to $2,500,000,000. . . $2,500,000,000 or more......................... Banks in centers with popula tion in 1950 of— 52 24 11 6 7,701,771 5,799,976 5,357,485 13,172,138 7,516,655 5,627,791 5,200,929 12,932,868 250 to 500................................................. 500 to 1,000.............................................. 1,000 to 2,500.......................................... 2,500 to 5,000.......................................... 540 1,245 2,099 2,937 1,723 598,519 1,586,095 3,612,878 8,034,414 7,147,087 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................................. 1,567 1,252 600 395 354 250,000 to 500,000................................. 500,000 to 1,000,000.............................. 1,000,000 to 2,500,000.......................... 2,500,000 or more................................... 217 189 41 119 More than $100,000 .1 % 98.2% 1.2% .5 % 3 107 984 5,269 99.5 99.4 99.1 98.9 98.7 .4 .5 .7 .9 1.0 .1 .1 .2 .2 .3 42,942 59,441 45,603 44,639 62,932 8,452 14,323 11,661 13,547 23,417 98.6 98.6 98.3 98.1 97.9 1.0 1.0 1.2 1.2 1.3 .3 .3 .4 .5 .6 .1 .1 .1 .2 .2 107,029 108,343 90,531 149,457 54,737 44,562 44,035 63,165 23,350 19,280 21,990 26,648 97.6 97.0 97.1 98.2 1.4 1.9 1.7 1.1 .7 .8 .8 .5 .3 .3 .4 .2 590,828 1,567,879 3,568,493 7,931,594 7,049,506 5,888 14,680 35,571 79,835 73,348 1,421 3,290 8,031 20,493 20,872 382 246 783 2,492 3,361 98.7 98.9 98.8 98.7 98.7 1.0 .9 1.0 1.0 1.0 .2 .2 .2 .3 .3 .1 C1) 0) « 0) 9,472,673 12,410,967 9,489,894 8,606,123 11,166,730 9,343,458 12,231,888 9,347,936 8,471,233 10,975,475 95,205 128,013 98,220 88,327 120,510 28,430 41,519 34,955 36,204 53,001 5,580 9,547 8,783 10,359 17,744 98.6 98.6 98.5 98.5 98.3 1.0 1.0 1.0 1.0 1.1 .3 .3 .4 .4 .5 .1 .1 .1 .1 .1 9,151,675 20,228,014 5,087,988 7,975,034 8,965,734 19,863,554 4,966,021 7,677,675 115,197 239,419 78,316 161,567 51,098 91,846 31,913 90,617 19,646 33,195 11,738 45,175 98.0 98.2 97.6 96.3 1.2 1.2 1.6 2.0 .6 .4 .6 1.1 .2 .2 .2 .6 (x) 0) 0) 0) CO R PO R ATIO N 114,568,091 $25,000 to $100,000 INSURANCE 13,278 Banks with deposits of— Less than $250,000................................. $250,000 to $500,000............................. $500,000 to $1,000,000......................... $1,000,000 to $2,000,000...................... $2,000,000 to $5,000,000...................... $10,000 to $25,000 DEPOSIT All insured com m ercial b an k s.............. $10,000 or less FEDERAL Classification 728,747 354,034 251,315 287,399 154,254 72,037 96,521 59,080 13,430 98.2 97.9 98.7 1.2 1.3 .9 .5 .6 .3 .1 .2 .1 Banks with percent of deposits insured of— 100 percent........................................... 90 to 99 percent.................................. 80 to 89 percent.................................. 70 to 79 percent.................................. 60 to 69 percent.................................. 50 to 59 percent.................................. 20 2,521 4,575 3,468 1,587 638 12,960 5,373,646 17,561,236 22,865,564 20,047,542 24,212,684 12,960 5,329,839 17,358,346 22,552,561 19,724,399 23,833,873 38,310 161,171 232,069 226,698 261,556 5,384 37,792 68,059 77,874 92,004 113 3,927 12,875 18,571 25,251 100.0 99.2 98.9 98.6 98.4 98.4 .7 .9 1.0 1.1 1.1 .1 .2 .3 .4 .4 0) 0) .1 .1 .1 8,709,893 8,885,418 4,909,404 1,885,151 104,593 8,523,226 8,638,783 4,705,635 1,780,425 91,227 114,619 140,885 104,901 49,065 4,822 53,647 74,440 64,992 34,910 4,588 18,401 31,310 33,876 20,751 3,956 97.9 97.2 95.9 94.4 87.2 1.3 1.6 2.1 2.6 4.6 .6 .8 1.3 1.9 4.4 .2 .4 .7 1.1 3.8 52,129,072 52,799,718 123,042 49,772 50,900,334 52,279,285 36,341 36,868 768,666 460,004 20,885 4,396 359,328 54,481 34,228 5,023 100,744 5,948 31,588 3,485 97.6 99.0 29.5 74.1 1.5 .9 17.0 8.8 .7 .1 27.8 10.1 .2 (0 25.7 7.0 287,647 1,004,563 664,020 7,510,257 202,814 962,797 645,580 7,487,255 32,274 24,583 9,506 13,782 33,635 13,364 6,973 6,658 18,924 3,819 1,961 2,562 70.5 95.9 97.2 99.7 11.2 2.4 1.4 .2 11.7 1.3 1.1 .1 6.6 .4 .3 0) 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 corpo ration accounts: Demand................................................ Savings and time................................ Interbank accounts................................ U. S. Government accounts................. State and political subdivision ac counts .................................................... Uninvested trust funds......................... Drafts......................................................... Other items............................................... 1 Less than .05 percent. 22 2 BANKS 246 140 59 COMMERCIAL 60,827,461 25,781,306 25,942,507 INSURED 61,940,128 26,348,674 26,279,289 OF 4,725 1,856 6,697 ACCOUNTS Class of bank National, members F. R. System State, members F. R. System............. Not members F. R. System................. T a b le 39. D D is t r ib u t io n of A c c o r d in g to S iz e of emand A ccounts of I n d iv id u a l s , P a r t n e r s h ip s , and C o r p o r a t io n s , A c c o u n t , I n s u r e d C o m m e r c ia l B a n k s , S e p t e m b e r 2 1 , 1955 B ANKS GROUPED BY FEDERAL DEPOSIT INSURANCE CORPORATION DISTRICT AND STATE FDIC District and State Total $10,000 or less $10,000 to $25,000 $25,000 to $100,000 Percent of total accounts More than $100,000 $10,000 or less $10,000 to $25,000 $25,000 to $100,000 More than $100,000 768,666 359,328 100,744 97.6% 1.5% .7 % .2% C ontinental U. S ................................................. 50,790,684 767,152 358,738 100,638 97.6 1.5 .7 .2 Other areas............................................................ 111,860 109,650 1,514 590 106 98.0 1.4 .5 .1 2,352,004 6,582,202 5,561,250 4,692,138 3,799,638 4,548,801 4,056,028 3,873,647 1,888,074 3,258,156 4,997,179 6,519,955 2,285,156 6,339,922 5,419,006 4,617,832 3,735,717 4,475,614 3,961,669 3,757,150 1,852,597 3,194,646 4,890,708 6,370,317 39,846 136,276 86,920 47,217 42,153 47,505 60,116 74,301 24,887 44,912 69,274 95,259 21,197 77,523 42,897 21,945 17,972 20,458 27,192 32,687 8,733 15,539 30,079 43,106 5,805 28,481 12,427 5,144 3,796 5,224 7,051 9,509 1,857 3,059 7,118 11,273 97.2 96.3 97.4 98.4 98.3 98.4 97.6 97.0 98.1 98.0 97.9 97.7 1.7 2.1 1.6 1.0 1.1 1.1 1.5 1.9 1.3 1.4 1.4 1.4 .9 1.2 .8 .5 .5 .4 .7 .9 .5 .5 .6 .7 .2 .4 .2 .1 .1 .1 .2 .2 .1 .1 .1 .2 Colorado............................................................... 895,137 274,107 593,571 4,482,414 545,341 883,165 268,063 585,307 4,376,585 531,913 7,797 4,059 5,772 66,411 9,025 3,409 1,677 2,139 30,897 3,606 766 308 353 8,521 797 98.6 97.8 98.6 97.6 97.5 .9 1.5 1.0 1.5 1.7 .4 .6 .3 .7 .7 .1 .1 1 .2 .1 Connecticut......................................................... Delaware.................#........................................... District of Columbia......................................... Florida.................................................................. Georgia................................................................. 600,209 163,407 368,823 1,162,553 1,102,943 584,353 159,098 358,139 1,134,443 1,086,719 9,849 2,571 6,312 18,876 10,019 4,805 1,336 3,407 7,839 4,848 1,202 402 965 1,395 1,357 97.4 97.4 97.1 97.6 98.5 1.6 1.6 1.7 1.6 .9 .8 .8 .9 .7 .5 .2 .2 .3 .1 .1 FDIC District District 1 .............................................................. District 2 .............................................................. District 3 .............................................................. District 4 .............................................................. District 5 ............................................................. District 6 ............................................................. District 7 . ............................................................ District 8 ............................................................. District 9 ............................................................. State Arkansas.............................................................. C O R PO R ATIO N 50,900,334 INSURANCE 52,129,072 52,017,212 DEPOSIT Total United S tates............................................... FEDERAL Number of accounts 143 8,801 1,762 708 547 98.1 96.4 98.0 98.3 98.2 1.3 2.2 1.3 1.2 1.3 .5 1.1 .6 .4 .4 .1 .3 .1 .1 .1 Kentucky............................................................. Louisiana............................................................. Maine................................................................... Maryland............................................................. Massachusetts.................................................... 1,036,240 814,181 177,389 695,539 1,081,772 1,022,345 796,618 173,416 681,022 1,044,121 9,624 11,271 2,598 9,076 21,639 3,525 5,069 1,166 4,339 12,337 746 1,223 209 1,102 3,675 98.7 97.8 97.8 97.9 96.5 .9 1.4 1.5 1.3 2.0 .3 .6 .6 .6 1.2 .1 .2 .1 .2 .3 Michigan.............................................................. Minnesota............................................................ Mississippi........................................................... Missouri............................................................... Montana.............................................................. 1,687,687 1,054,900 639,005 1,779,011 258,647 1,644,777 1,036,557 631,390 1,742,697 251,165 26,163 11,763 5,461 22,944 5,554 13,089 5,136 1,876 10,366 1,719 3,658 1,444 278 3,004 209 97.5 98.3 98.8 97.9 97.1 1.5 1.1 .9 1.3 2.1 .8 .5 .3 .6 .7 .2 .1 0) .2 .1 Nebraska.............................................................. Nevada................................................................. New Hampshire................................................. New Jersey.......................................................... New Mexico........................................................ 637,113 82,537 121,397 1,693,028 232,111 622,916 80,047 118,909 1,653,381 228,117 10,585 1,541 1,634 25,700 2,722 3,019 813 724 11,561 1,130 593 136 130 2,386 142 97.7 97.0 98.0 97.7 98.2 1.7 1.9 1.3 1.5 1.2 .5 1.0 .6 .7 .5 .1 .1 .1 .1 .1 New York............................................................ North Carolina................................................... North Dakota.................................................... Ohio....................................................................... Oklahoma............................................................ 4,672,677 1,139,080 260,483 2,343,039 996,370 4,475,312 1,122,687 255,916 2,283,437 980,169 107,385 10,265 3,550 35,731 10,826 64,351 4,958 915 18,336 4,346 25,629 1,170 102 5,535 1,029 95.7 98.6 98.2 97.5 98.4 2.3 .9 1.4 1.5 1.1 1.4 .4 .4 .8 .4 .6 .1 0) .2 .1 Oregon.................................................................. Pennsylvania...................................................... Rhode Island...................................................... South Carolina................................................... South Dakota..................................................... 573,695 3,218,211 252,576 552,987 314,044 560,434 3,135,569 247,176 544,839 308,959 8,747 51,189 3,115 5,546 4,020 3,713 24,561 1,768 2,206 963 801 6,892 517 396 102 97.7 97.4 97.9 98.5 98.4 1.5 1.6 1.2 1.0 1.3 .7 .8 .7 .4 .3 .1 .2 .2 .1 0) Tennessee............................................................. Texas..................................................................... Utah...................................................................... Vermont............................................................... Virginia................................................................ 1,139,979 3,676,780 235,394 118,661 1,304,212 1,125,265 3,597,910 231,118 117,181 1,287,275 9,165 51,222 2,611 1,011 11,051 4,428 22,203 1,277 397 4,807 1,121 5,445 388 72 1,079 98.7 97.9 98.2 98.8 98.7 .8 1.4 1.1 .8 .8 .4 .6 .5 .3 .4 .1 .1 .2 .1 .1 Washington......................................................... West Virginia...................................................... Wisconsin............................................................. Wyoming.............................................................. 861,880 631,497 974,339 129,968 843,669 623,870 951,264 126,820 11,949 4,967 15,028 2,246 5,020 2,228 6,416 809 1,242 432 1,631 93 97.9 98.8 97.6 97.6 1.4 .8 1.5 1.7 .6 .3 .7 .6 .1 .1 .2 .1 1Less than .05 percent. BANKS 1,071 28,522 7,687 4,165 3,759 COMMERCIAL 3,106 60,333 18,925 13,968 12,230 INSURED 220,945 2,635,836 1,365,628 1,121,314 932,828 OF 225,265 2,733,492 1,394,002 1,140,155 949,364 ACCOUNTS Idaho..................................................................... Illinois.................................................................. Indiana................................................................. Iowa...................................................................... Kansas.................................................................. l>0 T a b le 4 0 . D is t r ib u t io n of A c c o r d in g t o S a v in g s S iz e of and T im e A ccounts of I n d iv id u a l s , P a r t n e r s h ip s , and C o r p o r a t io n s , A c c o u n t , I n s u r e d C o m m e r c ia l B a n k s , S e p t e m b e r 2 1 , 195 5 B AN KS GROUPED BY FEDERAL DEPOSIT INSURANCE CORPORATION DISTRICT AND STATE FDIC District and State Total $10,000 or less $10,000 to $25,000 Percent of total accounts $25,000 to $100,000 More than $100,000 $10,000 or less $10,000 to $25,000 $25,000 to $100,000 More than $100,000 460,004 54,481 5,948 99.0% .9% .1% 0 )% 52,020,186 458,996 54,289 5,925 99.0 .9 .1 0) Other areas............................................................ 260,322 259,099 1,008 192 23 99.5 .4 .1 0) FDIC District District 1 ............................................................. District 2 .............................................................. District 3 .............................................................. District 4 . . . . ...................................................... District 5 ............................................................. District 6 ............................................................. District 7 .............................................................. District 8 ............................................................. District 9 ............................................................. District 10........................................................... District 11........................................................... District 12........................................................... 3,208,675 8,612,470 8,251,482 3,476,798 1,900,690 2,408,602 6,410,732 4,662,806 1,562,911 1,348,206 2,277,006 8,679,340 3,194,763 8,551,622 8,185,478 3,452,233 1,881,911 2,384,134 6,354,161 4,604,923 1,548,582 1,333,102 2,255,862 8,532,514 12,882 55,091 59,165 21,666 16,571 21,553 51,250 52,032 13,154 13,360 17,815 125,465 931 4,887 6,208 2,599 2,001 2,688 5,007 5,532 1,113 1,609 2,773 19,133 99 870 631 300 207 227 314 319 62 135 556 2,228 99.6 99.3 99.2 99.3 99.0 99.0 99.1 98.8 99.1 98.9 99.1 98.3 .4 .6 .7 .6 .9 .9 .8 1.1 .8 1.0 .8 1.5 0) .1 .1 .1 .1 .1 .1 .1 .1 .1 .1 .2 C1) C1) 0) 0) f) 0) 0) 0) (9 C1) 0) 0) State Alabama............................................................... Arizona................................................................. Arkansas.............................................................. California............................................................. Colorado............................................................... 462,733 202,189 167,428 6,677,904 385,407 458,439 199,268 165,402 6,556,003 380,232 3,787 2,510 1,729 108,356 4,541 480 370 269 16,547 579 27 41 28 1,998 55 99.1 98.6 98.8 98.2 98.6 .8 1.2 1.0 1.5 1.2 .1 .2 .2 .3 .2 C1) 0) 0) C1) 0) Connecticut......................................................... Delaware.............................................................. District of Columbia......................................... Florida.................................................................. Georgia................................................................. 783,449 142,918 310,650 645,003 585,489 779,322 141,773 308,029 637,448 580,585 4,007 1,012 2,147 6,735 4,288 106 126 376 696 575 14 7 98 124 41 99.5 99.2 99.2 98.8 99.2 .5 .7 .7 1.1 .7 0) 0) 0) 0) 0) 0) CO R P O R A TIO N 52,279,285 52,539,396 INSURANCE 52,799,718 Continental U. S................................................. DEPOSIT T otal United S tates............................................... FEDERAL Number of accounts 20 299 63 20 18 97.9 98.7 99.1 99.0 98.9 1.9 1.2 .8 .9 1.0 .2 .1 .1 .1 .1 C1) C1) 0) 0) 0) Kentucky............................................................. Louisiana.............................................................. Maine.................................................................... Maryland............................................................. Massachusetts.................................................... 375,347 741,192 412,775 774,923 1,252,307 372,040 737,303 410,978 769,919 1,248,940 2,956 3,457 1,600 4,549 3,075 334 404 187 421 250 17 28 10 34 42 99.1 99.5 99.6 99.3 99.7 .8 .4 .4 .6 .3 .1 .1 (0 .1 0) 0) 0) 0) (!) 0) Michigan.............................................................. Minnesota........................................................ Mississippi........................................................... Missouri............................................................... Montana............................................................ 3,314,100 1,180,141 207,465 1,177,876 150,411 3,282,220 1,170,990 205,439 1,168,505 148,484 28,606 8,418 1,761 8,431 1,737 3,071 694 250 873 184 203 39 15 67 6 99.0 99.2 99.0 99.2 98.7 .9 .7 .9 .7 1.2 .1 .1 .1 .1 .1 0) 0) (1) 0) 0) Nebraska.............................................................. Nevada................................................................. New Hampshire............................................. New Jersey.......................................................... New Mexico................................................... 259,335 102,825 135,522 3,107,130 109,441 257,849 101,331 134,707 3,087,956 108,081 1,341 1,298 758 17,751 1,127 141 182 52 1,335 196 4 14 5 88 37 99.4 98.5 99.4 99.4 98.8 .5 1.3 .6 .6 1.0 .1 .2 0) (x) .2 C1) C1) (!) (*) 0) New York........................................................ North Carolina............................................... North Dakota..................................................... Ohio................................................................. Oklahoma............................................................ 5,163,870 592,941 107,282 3,723,009 292,195 5,124,077 589,211 105,647 3,690,168 288,581 35,764 3,275 1,509 29,290 3,186 3,277 422 122 3,243 388 752 33 4 308 40 99.2 99.4 98.5 99.1 98.8 .7 .5 1.4 .8 1.1 .1 .1 .1 .1 .1 0) 0) 0) 0) 0) Oregon.............................................................. Pennsylvania.................................................. Rhode Island................................................ South Carolina............................................... South Dakota................................................. 583,872 4,528,473 387,128 209,906 125,077 574,936 4,495,310 384,884 208,823 123,461 7,813 29,875 2,002 952 1,490 1,025 2,965 221 109 113 98 323 21 22 13 98.5 99.3 99.4 99.5 98.7 1.3 .6 .5 .4 1.2 .2 .1 .1 .1 .1 C1) 0) 0) (1) 0) Tennessee........................................................ Texas................................................................ Utah................................................................ Vermont......................................................... Virginia................................................................ 687,951 1,224,184 293,659 237,494 1,121,071 678,187 1,211,210 290,561 235,932 1,112,092 8,437 10,721 2,817 1,440 7,984 1,212 1,803 261 115 913 115 450 20 7 82 98.6 98.9 98.9 99.4 99.2 1.2 .9 1.0 .6 .7 .2 .2 .1 0) .1 0) 0) (x) C1) 0) Washington................................................... West Virginia...................................................... Wisconsin............................................................. Wyoming.............................................................. 817,687 467,307 1,670,563 70,290 809,748 464,159 1,658,033 69,092 7,063 2,759 11,542 1,011 798 358 940 169 78 31 48 18 99.0 99.3 99.2 98.3 .9 .6 .7 1.4 .1 .1 .1 .3 0) C1) 0) 0) BANKS 277 4,882 996 650 332 COMMERCIAL 2,674 44,703 11,102 7,329 3,281 INSURED 138,652 3,831,576 1,413,908 773,347 337,348 OF 141,628 3,881,460 1,426,069 781,346 340,979 ACCOUNTS Idaho..................................................................... Illinois.................................................................. Indiana................................................................. Iowa...................................................................... Kansas.................................................................. 1 Less than .05 percent. CO T a b le 41. D i s t r i b u t i o n o f D e m a n d A c c o u n t s o f I n d i v i d u a ls , 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 2 1 , 195 5 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 Percent of total accounts Number of accounts Size group $10,000 or less $10,000 to $25,000 $25,000 to $100,000 More than $100,000 $ 10,000 or less $ 10,000 to $25,000 $25,000 to $100,000 .7 % 97.6% 768,666 359,328 100,744 7,797 167,142 1,114,036 3,328,027 8,850,658 7,777 166,406 1,106,930 3,298,000 8,744,480 19 663 6,143 24,858 83,265 1 73 934 4,892 21,177 29 277 1,736 99.4 99.1 $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. . . 7,441,890 7,922,187 4,357,371 3,360,783 4,352,891 7,325,987 7,763,829 4,243,642 3,255,618 4,212,520 84,704 107,833 72,775 63,129 80,052 27,849 43,433 34,158 33,712 46,306 3,350 7,092 6,796 8,324 14,013 98.5 98.0 97.4 96.9 96.8 1.1 1.8 1.0 1.1 $250,000,000 to $500,000,000. . . $500,000,000 to $1,000,000,000.. $1,000,000,000 to $2,500,000,000 $2,500,000,000 or more................. 3,151,682 2,376,132 1,969,131 3,729,345 3,031,449 2,280,010 1,873,255 3,590,431 65,654 52,754 49,855 76,962 39,836 31,038 31,438 44,481 14,743 12,330 14,583 17,471 96.2 96.0 95.1 96.3 2.1 1.2 2.2 1.3 Percent of to ta l........................... Banks with deposits of— Less than $250,000........................ $250,000 to $500,000..................... $500,000 to $1,000,000................. $1,000,000 to $2,000,000............. $2,000,000 to $5,000,000.............. 100.0% 100.0% 100.0% 100.0% 100.0 % 0) .3 2.1 6.4 17.0 0) .3 2.2 6.5 17.2 0) .1 .8 3.2 10.8 0) C1) .3 1.4 5.9 (0 .3 1.7 $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 14.3 15.2 8.4 6.4 8.4 14.4 15.2 8.3 6.4 8.3 11.0 14.0 9.5 8.2 10.4 7.7 12.1 9.5 9.4 12.9 $250,000,000 to $500,000,000. . . $500,000,000 to $1,000,000,000.. $1,000,000,000 to $2,500,000,000 $2,500,000,000 or more................. 6.0 4.5 3.8 7.2 5.9 4.5 3.7 7.1 8.6 6.9 6.5 10.0 11.1 8.6 8.7 12.4 i Less than .05 percent. 99.8 3.3 7.0 6.8 8.3 13.9 14.6 12.2 14.5 17.4 .2 .4 .5 .8 1.0 1.4 1.7 1.9 2.5 2.0 0) 0) .1 .1 .2 .4 .5 .8 1.6 1.2 .2% (9 (’) 0) (*) .1 .1 .2 .3 .5 .5 CO R PO R ATIO N 50,900,334 INSURANCE 52,129,072 Banks with deposits of— Less than $250,000........................ $250,000 to $500,000..................... $500,000 to $1,000,000................. $1,000,000 to $2,000,000.............. $2,000,000 to $5,000,000............. DEPOSIT Dem and accounts— to ta l............. More than $ 100,000 FEDERAL Total T a b le 4 2 . D i s t r i b u t io n o f A c c o r d in g t o S a v in g s S iz e of and T im e A ccounts of I n d iv id u a l s , P a r t n e r s h ip s , and C o r p o r a t io n s , A c c o u n t , I n s u r e d C o m m e r c ia l B a n k s , S e p t e m b e r 2 1 , 195 5 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 Number of accounts Size group $10,000 or less $10,000 to $25,000 $25,000 to $100,000 More than $100,000 $10,000 or less $10,000 to $25,000 $25,000 to $100,000 More than $100,000 52,799,718 52,279,285 460,004 54,481 5,948 Banks with deposits of— Less than $250,000................................................ $250,000 to $500,000............................................ $500,000 to $1,000,000......................................... $1,000,000 to $2,000,000..................................... $2,000,000 to $5,000,000..................................... 785 21,295 295,657 1,319,207 5,112,690 776 21,148 293,321 1,307,207 5,064,386 9 139 2,216 11,291 44,572 7 116 690 3,592 1 4 19 140 98.9 99.3 99.2 99.1 99.0 1.1 $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............................ 6,161,147 9,035,287 5,463,988 4,533,096 5,483,595 6,108,301 8,966,167 5,418,624 4,497,066 5,433,395 47,958 62,214 40,349 31,784 44,052 4,598 6,396 4,597 3,754 5,472 290 510 418 492 676 $250,000,000 to $500,000,000............................ $500,000,000 to $1,000,000,000......................... $1,000,000,000 to $2,500,000,000..................... $2,500,000,000 or more........................................ 3,939,802 3,018,137 2,785,841 5,629,191 3,903,952 2,962,443 2,747,119 5,555,380 30,775 48,258 33,178 63,209 4,429 6,569 4,956 9,305 646 867 588 1,297 Percent of to ta l................................................... Banks with deposits of— Less than $250,000................................................ $250,000 to $500,000............................................ $500,000 to $1,000,000......................................... $1,000,000 to $2,000,000..................................... $2,000,000 to $5,000,000..................................... 100.0% 100.0% 100.0% 100.0% 100.0% 0) 0) .6 2.5 9.7 0) 0) .6 2.5 9.7 0) 0) .5 2.5 9.7 0) .2 1.3 6.6 0) .1 .3 2.3 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............................ 11.7 17.1 10.3 8.6 10.4 11.7 17.1 10.4 8.6 10.4 10.4 13.5 8.8 6.9 9.6 8.4 11.7 8.4 6.9 10.1 4.9 8.6 7.0 8.3 11.3 $250,000,000 to $500,000,000............................ $500,000,000 to $1,000,000,000......................... $1,000,000,000 to $2,500,000,000..................... $2,500,000,000 or more........................................ 7.5 5.7 5.3 10.6 7.5 5.7 5.2 10.6 6.7 10.5 7.2 13.7 8.1 12.1 9.1 17.1 10.9 14.6 9.9 21.8 .9 % .1% C1) .8 .8 .9 (i) (i) .1 .1 (i) ^i) (i) 0) 99.1 99.2 99.2 99.2 99.1 .8 .7 .7 .7 .8 .1 .1 .1 .1 .1 (1) 0) (1) (1) 0) 99.1 98.2 98.6 98.7 .8 1.6 1.2 1.1 .1 .2 .2 .2 0) (1) (1) 0) INSURED 1 Less than .05 percent. 99.0% OF Savings and tim e accounts— to ta l................. COMMERCIAL ACCOUNTS Total Percent of total accounts o> D e ta ile d T a b le s : T able 43. D D is tr ib u tio n is t r ib u t io n of D of e p o s it s D e p o s it s in A c c o r d in g to In su re d S iz e of 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 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 of A ccount 21, 1955 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 i n s u r a n c e c o r p o r a t io n d is t r ic t a n d s t a t e FDIC District and State Total Continental U. S ................................................. FDIC District District of Columbia......................................... More than $100,000 $71,295,480 $19,550,702 $23,912,350 $67,090,946 39.2% 10.8% 13.1% 71,117,254 19,508,290 23,860,805 66,971,661 39.2 10.8 13.1 36.9 119,285 45.5 10.8 13.2 30.5 $10,000 or less 36.9% 391,468 178,226 42,412 51,545 8,674,091 41,184,134 21,647,014 10,084,337 7,751,722 10,305,655 15,112,528 17,349,769 5,200,319 7,369,967 12,581,596 24,588,346 3,355,945 10,816,343 9,377,553 4,473,267 3,373,640 4,370,392 7,492,141 6,836,726 2,715,492 3,204,153 4,533,160 10,746,668 887,168 3,152,393 2,284,456 1,094,550 963,036 1,133,571 1,727,146 1,987,340 616,771 927,597 1,421,135 3,355,539 1,276,681 4,843,901 2,722,067 1,408,330 1,216,623 1,493,213 1,869,174 2,241,617 662,441 1,073,799 1,962,460 3,142,044 3,154,297 22,371,497 7,262,938 3,108,190 2,198,423 3,308,479 4,024,067 6,284,086 1,205,615 2,164,418 4,664,841 7,344,095 38.7 26.3 43.3 44.4 43.5 42.4 49.6 39.4 52.2 43.5 36.0 43.7 10.2 7.6 10.6 10.8 12.4 11.0 11.4 11.5 11.9 12.6 11.3 13.6 14.7 11.8 12.6 14.0 15.7 14.5 12.4 12.9 12.7 14.6 15.6 12.8 36.4 54.3 33.5 30.8 28.4 32.1 26.6 36.2 23.2 29.3 37.1 29.9 1,573,648 703,751 931,759 18,648,234 1,611,677 725,000 319,611 471,806 7,887,158 679,505 187,844 98,800 125,363 2,581,540 208,948 239,766 99,755 158,740 2,348,561 231,719 421,038 185,585 175,850 5,830,975 491,505 46.1 45.4 50.6 42.3 42.1 11.9 14.0 13.5 13.8 13.0 15.2 14.2 17.0 12.6 14.4 26.8 26.4 18.9 31.3 30.5 2,070,930 561,578 1,356,583 3,006,933 2,251,014 889,282 193,718 473,986 1,263,842 905,682 238,202 59,478 133,228 403,645 244,609 277,270 81,388 190,274 476,672 355,164 666,176 226,994 559,095 862,774 745,559 42.9 34.5 35.0 42.0 40.2 11.5 10.6 9.8 13.4 10.9 13.4 14.5 14.0 15.9 15.8 32.2 40.4 41.2 28.7 33.1 CO R P O R A TIO N State More than $100,000 $25,000 to $100,000 INSURANCE Other areas............................................................ 181,458,010 $25,000 to $100,000 $10,000 to $25,000 DEPOSIT T otal United S tates............................................... $181,849,478 $10,000 to $25,000 $10,000 or less FEDERAL Percent of total deposits in accounts of— Deposits (in thousands) in accounts of— Idaho..................................................................... Illinois................................................................... Indiana................................................................. 54.0 36.6 49.3 55.3 47.8 16.6 11.2 11.7 13.2 13.2 14.6 12.9 13.1 13.1 14.8 14.8 39.3 25.9 18.4 24.2 Kentucky............................................................. Louisiana.............................................................. Maine.................................................................... Maryland............................................................. Massachusetts.................................................... 1,725,908 2,389,408 534,828 1,942,098 4,680,475 867,833 823,223 305,847 832,683 1,440,052 209,600 248,731 65,683 214,600 427,000 245,100 345,797 73,093 261,926 745,809 403,375 971,657 90,205 632,889 2,067,614 50.3 34.4 57.2 42.9 30.8 12.1 10.4 12.3 11.0 9.1 14.2 14.5 13.6 13.5 15.9 23.4 40.7 16.9 32.6 44.2 Michigan.............................................................. Minnesota............................................................ Mississippi........................................................... Missouri............................................................... Montana.............................................................. 7,454,166 3,395,352 920,127 5,217,740 677,152 3,555,277 1,653,535 479,116 2,000,734 339,957 842,290 335,753 126,938 521,251 111,875 916,131 429,173 145,021 734,283 100,859 2,140,468 976,891 169,052 1,961,472 124,461 47.7 48.7 52.1 38.3 50.2 11.3 9.9 13.8 10.0 16.5 12.3 12.6 15.7 14.1 14.9 28.7 28.8 18.4 37.6 18.4 Nebraska.............................................................. Nevada................................................................. New Hampshire................................................. New Jersey.......................................................... New Mexico........................................................ 1,459,409 300,638 289,667 5,714,001 492,106 694,348 130,020 147,759 3,148,243 212,608 193,438 46,082 38,423 660,741 62,853 212,040 43,107 45,515 692,206 76,546 359,583 81,429 57,970 1,212,811 140,099 47.6 43.3 51.0 55.1 43.2 13.3 15.3 13.3 11.6 12.8 14.5 14.3 15.7 12.1 15.5 24.6 27.1 20.0 21.2 28.5 New York............................................................ North Carolina................................................... North Dakota.................................................... Oklahoma............................................................ 34,696,804 2,282,941 528,118 9,462,403 2,092,682 7,377,590 911,580 349,681 4,131,950 778,355 2,411,373 225,686 79,594 1,004,015 224,223 4,042,682 337,468 58,691 1,183,801 295,034 20,865,159 808,207 40,152 3,142,637 795,070 21.3 39.9 66.2 43.7 37.2 6.9 9.9 15.1 10.6 10.7 11.7 14.8 11.1 12.5 14.1 60.1 35.4 7*6 33.2 38.0 Oregon.................................................................. Pennsylvania...................................................... Rhode Island...................................................... South Carolina................................................... South Dakota ............................................... 1,792,135 12,184,611 790,097 865,996 599,697 901,575 5,245,603 357,803 396,562 372,319 246,622 1,280,441 80,624 106,980 89,549 249,514 1,538,266 104,985 141,763 73,718 394,424 4,120,301 246,685 220,691 64,111 50.3 43.1 45.3 45.8 62.1 13.8 10.5 10.2 12.3 14.9 13.9 12.6 13.3 16.4 12.3 22.0 33.8 31.2 25.5 10.7 Tennessee............................................................. Texas ................................................................... Utah...................................................................... Vermont............................................................... Virginia................................................................ 2,430,248 8,996,331 769,351 308,094 2,569,002 1,030,019 3,177,718 337,245 215,202 1,287,612 277,357 1,010,751 81,345 37,236 294,492 355,090 1,440,362 89,151 30,009 328,268 767,782 3,367,500 261,610 25,647 658,630 42.4 35.3 43.8 69.9 50.1 11.4 11.3 10.6 12.1 11.5 14.6 16.0 11.6 9.7 12.8 31.6 37.4 34.0 8.3 25.6 Washington......................................................... West Virginia...................................................... Wisconsin............................................................. Wyoming.............................................................. 2,371,438 1,067,717 3,678,641 318,125 1,124,420 570,844 1,976,033 149,863 291,146 119,564 419,311 51,648 310,812 148,631 432,217 55,743 645,060 228,678 851,080 60,871 47.4 53.5 53.7 47.1 12.3 11.2 11.4 16.2 13.1 13.9 11.8 17.5 27.2 21.4 23.1 19.2 BANKS 77,845 5,806,702 1,032,519 477,384 457,389 COMMERCIAL 76,979 1,903,732 520,826 337,885 279,263 INSURED 87,193 1,644,851 465,545 342,489 249,340 IN 284,816 5,402,760 1,960,831 1,433,966 902,082 DEPOSITS Kansas.................................................................. 526,833 14,758,045 3,979,721 2,591,724 1,888,074 *<r 00 Table 44. D is t r ib u t io n o f D e p o s it s A c c o r d in g to S iz e of A c c o u n t , I n s u r e d C o m m e r c ia l B a n k s , S e p t e m b e r 21, 1955 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 i n w h i c h l o c a t e d , c l a s s , a n d p e r c e n t o f d e p o s it s i n s u r e d ; a n d a c c o u n t s g r o u p e d b y t y p e Classification Total $10,000 to $25,000 $25,000 to $100,000 More than $100,000 $71,295,480 $19,550,702 $23,912,350 $67,090,946 $10,000 to $25,000 $25,000 to $100,000 More than $100,000 13.1% 363 15,111 154,589 972,476 83.5 80.4 76.6 71.5 66.2 9.8 11.8 13.1 14.3 14.6 6.7 7.5 9.0 10.6 12.2 .3 1.3 3.6 7.0 1,945,665 2,689,230 2,083,387 2,089,212 2,987,508 1,801,466 3,631,970 3,511,576 4,533,496 8,818,476 60.1 54.5 47.1 39.3 32.7 14.1 13.3 12.7 11.3 9.8 13.4 13.7 15.0 15.6 14.6 12.4 18.5 25.2 33.8 42.9 1,599,230 1,623,895 1,347,489 2,204,996 2,640,721 2,126,135 2,107,616 2,961,877 9,108,482 7,901,560 11,618,746 15,022,635 27.1 28.0 20.3 24.9 8.7 10.0 7.1 8.2 14.4 13.2 11.2 11.0 49.8 48.8 61.4 55.9 422,239 1,087,962 2,445,903 5,280,482 4,526,849 83,570 209,520 506,354 1,137,940 1,053,800 64,429 141,577 349,160 902,017 928,234 100,830 39,688 143,591 477,876 729,681 62.9 73.6 71.0 67.7 62.5 12.5 14.1 14.7 14.6 14.6 9.6 9.6 10.1 11.6 12.8 15.0 2.7 4.2 6.1 10.1 5,858,524 7,480,415 5,667,200 5,007,842 6,450,752 1,368,282 1,850,360 1,431,147 1,298,791 1,780,987 1,283,209 1,884,509 1,590,738 1,680,428 2,481,978 1,274,691 2,455,753 2,467,095 3,104,922 6,557,420 59.9 54.7 50.8 45.1 37.3 14.0 13.5 12.8 11.7 10.3 13.1 13.8 14.3 15.2 14.4 13.0 18.0 22.1 28.0 38.0 4,678 124,579 1,147,732 4,317,883 13,954,986 3,906 100,191 879,551 3,088,554 9,241,263 457 14,728 149,815 616,434 2,031,421 315 9,297 103,255 458,306 1,709,826 $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............................ 14,516,862 19,661,002 13,907,241 13,400,573 20,536,733 8,724,447 10,721,926 6,545,496 5,260,671 6,715,648 2,045,284 2,617,876 1,766,782 1,517,194 2,015,101 $250,000,000 to $500,000,000............................ $500,000,000 to $1,000,000,000......................... $1,000,000,000 to $2,500,000,000..................... $2,500,000,000 or more........................................ 18,302,582 16,187,608 18,911,600 26,875,419 4,954,149 4,536,018 3,837,749 6,685,911 Banks in centers with population in 1950 of— Less than 250.......................................................... 250 to 500................................................................ 500 to 1,000............................................................. 1,000 to 2,500......................................................... 2,500 to 5,000......................................................... 671,068 1,478,747 3,445,008 7,798,315 7,238,564 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................................................. 9,784,706 13,671,037 11,156,180 11,091,983 17,271,137 36.9% CORPORATION 10.8% INSURANCE 39.2% Banks with deposits of— Less than $250 000 ................. $250,000 to $500,000............................................ $500,000 to $1,000,000......................................... $1,000,000 to $2,000,000..................................... $2,000,000 to $5,000,000..................................... $10,000 or less DEPOSIT All insured com mercial b anks......................... $181,849,478 $10,000 or less FEDERAL Percent of total deposits in accounts of— Deposits (in thousands) in accounts of— 2,441,779 4,284,312 1,498,420 4,381,560 7,114,728 13,672,671 4,936,884 24,015,116 34.7 34.5 31.9 16.8 9.8 10.7 10.7 6.6 14.2 13.1 13.4 11.8 41.3 41.7 44.0 64.8 Class of bank National, members F . R . System..................... State, members F. R . System............................ Not members F. R . System............................... 99,642,699 55,839,420 26,367,359 37,920,755 17,339,048 16,035,677 10,664,401 5,282,139 3,604,162 13,399,708 7,280,458 3,232,184 37,657,835 25,937,775 3,495,336 38.1 31.1 60.8 10.7 9.4 13.7 13.4 13.0 12.2 37.8 46.5 13.3 Banks w ith percent of deposits in sured of— 100 percent.............................................................. 90 to 99 percent..................................................... 80 to 89 percent..................................................... 70 to 79 percent..................................................... 60 to 69 percent..................................................... 50 to 59 percent..................................................... 6,537 4,209,873 15,882,095 23,433,738 24,371,695 30,538,115 6,537 3,455,184 11,293,542 14,298,274 12,495,889 13,250,142 528,793 2,274,119 3,324,790 3,288,071 3,820,817 210,570 1,643,299 3,055,587 3,543,428 4,177,661 15,326 671,135 2,755,087 5,044,307 9,289,495 100.0 82.1 71.1 61.0 51.3 43.4 12.5 14.3 14.2 13.5 12.5 5.0 10.4 13.0 14.5 13.7 .4 4.2 11.8 20.7 30.4 40 30 20 10 0 16,037,506 24,445,028 24,728,198 15,177,998 3,018,695 5,158,122 6,066,190 3,776,187 1,419,518 75,895 1,761,066 2,117,709 1,602,983 753,451 78,903 2,550,436 3,571,434 3,198,703 1,722,688 238,544 6,567,882 12,689,695 16,150,325 11,282,341 2,625,353 32.2 24.8 15.3 9.4 2.5 11.0 8.7 6.5 5.0 2.6 15.9 14.6 12.9 11.3 7.9 40.9 51.9 65.3 74.3 87.0 Type of account Individual, partnership, and corporation accounts: Demand................................................................ 100,122,450 44,104,582 Savings and time............................................... 15,164,643 Interbank accounts............................................... 3,781,487 U . S. Government accounts............................... 11,442,115 State and political subdivision accounts......... 3,140,905 Uninvested trust funds........................................ 1,303,543 Drafts........................................................................ 2,789,753 Other items.............................................................. 34,867,618 33,674,023 144,096 71,630 484,380 737,919 289,925 1,025,889 11,709,039 6,136,858 354,408 72,145 529,710 382,171 151,853 214,518 16,491,258 2,255,021 1,863,954 260,245 1,767,003 613,419 345,346 316,104 37,054,535 2,038,680 12,802,185 3,377,467 8,661,022 1,407,398 516,419 1,233,242 34.8 76.4 1.0 1.9 4.2 23.5 22.3 36.8 11.7 13.9 2.3 1.9 4.6 12.2 11.6 7.7 16.5 5.1 12.3 6.9 15.5 19.5 26.5 11.3 37.0 4.6 84.4 89.3 75.7 44.8 39.6 44.2 to to to to to 49 percent..................................................... 39 percent..................................................... 29 percent..................................................... 19 percent..................................................... 9 percent........................................................ BANKS COMMERCIAL 1,692,792 3,491,867 1,201,672 2,443,620 INSURED 5,964,960 11,308,736 3,576,806 6,216,810 IN 17,214,259 32,757,586 11,213,782 37,057,106 DEPOSITS 250.000 to 5 0 0 ,0 0 0 ............................................. 500.000 to 1,000,000............................................. 1,000,000 to 2,500,000......................................... 2.500.000 or more.................................................. -<r co Table 45. D i s t r i b u t i o n o f D e m a n d D e p o s i t s o f I n d i v i d u a ls , 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 to S iz e of A c c o u n t , I n s u r e d C o m m e r c ia l B a n k s , S e p t e m b e r 21, 1955 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 i n s u r a n c e c o r p o r a t io n d is t r ic t a n d s t a t e FDIC District and State $10,000 to $25,000 $25,000 to $100,000 More than $100,000 More than $100,000 T otal United S tates............................................... $100,122,450 $34,867,618 $11,709,039 $16,491,258 $37,054,535 34.8% 11.7% 16.5% 37.0% Continental U. S................................................. 99,978,121 34,793,786 11,685,441 16,464,155 37,034,739 34.8 11.7 16.5 37.0 Other areas............................................................ 144,329 73,832 23,598 27,103 19,796 51.2 16.3 18.8 13.7 5,045,137 24,054,205 11,563,293 5,583,513 4,561,649 5,857,196 7,250,441 9,386,898 2,723,296 4,586,582 7,732,129 11,778,111 1,526,632 4,942,759 3,794,872 2,422,429 2,098,626 2,626,655 2,821,395 3,137,539 1,375,181 2,224,623 3,241,202 4,655,705 615,714 2,115,899 1,323,464 718,901 638,713 714,002 911,757 1,131,306 372,495 666,876 1,048,243 1,451,669 975,048 3,652,411 1,966,204 998,097 807,934 926,620 1,263,766 1,496,424 388,949 698,037 1,356,940 1,960,828 1,927,743 13,343,136 4,478,753 1,444,086 1,016,376 1,589,919 2,253,523 3,621,629 586,671 997,046 2,085,744 3,709,909 30.3 20.5 32.8 43.4 46.0 44.8 38.9 33.4 50.5 48.5 41.9 39.5 12.2 8.8 11.5 12.9 14.0 12.2 12.6 12.1 13.7 14.5 13.6 12.3 19.3 15.2 17.0 17.9 17.7 15.8 17.4 15.9 14.3 15.2 17.5 16.7 38.2 55.5 38.7 25.8 22.3 27.2 31.1 38.6 21.5 21.8 27.0 31.5 California............................................................. Colorado............................................................... 931,496 400,444 580,731 8,585,460 942,295 431,616 186,765 328,826 3,232,796 391,769 117,655 60,587 86,184 1,008,859 136,546 155,780 74,364 93,461 1,413,157 161,236 226,445 78,728 72,260 2,930,648 252,744 46.4 46.6 56.6 37.7 41.6 12.6 15.1 14.8 11.8 14.5 16.7 18.6 16.1 16.4 17.1 24.3 19.7 12.5 34.1 26.8 Connecticut......................................................... Delaware.............................................................. District of Columbia......................................... Florida.................................................................. Georgia................................................................. 1,214,821 363,164 882,709 1,795,761 1,307,258 408,165 120,104 276,828 816,813 535,639 151,578 39,205 97,451 284,699 155,671 217,151 61,237 156,532 347,288 223,328 437,927 142,618 351,898 346,961 392,620 33.6 33.1 31.4 45.5 41.0 12.5 10.8 11.0 15.9 11.9 17.9 16.9 17.7 19.3 17.1 36.0 39.2 39.9 19.3 30.0 FDIC District District 1 ............................................................. District 2 .............................................................. District 3 ............................................................. District 4 .............................................................. District 5 .............................................................. District District District District 7. ............................................................ 8 .............................................................. 9 . . . ........................................................ 10........................................................... District 12........................................................... State $10,000 or less CORPORATION $25,000 to $100,000 INSURANCE $10,000 to $25,000 DEPOSIT $10,000 or less Total FEDERAL Percent of total deposits in accounts of— Deposits (in thousands) in accounts of— 56.3 29.0 46.4 59.1 56.9 16.0 11.6 13.5 14.8 15.8 16.3 16.4 16.7 13.1 14.6 11.4 43.0 23.4 13.0 12.7 Kentucky............................................................. Louisiana.............................................................. Maine.................................................................... Maryland............................................................. Massachusetts.................................................... 1,103,355 1,225,701 256,061 1,064,400 2,922,055 602,496 481,892 116,812 417,207 772,127 143,592 172,985 39,862 138,174 336,255 156,496 229,621 52,258 197,679 572,789 200,771 341,203 47,129 311,340 1,240,884 54.6 39.3 45.6 39.2 26.4 13.0 14.1 15.6 13.0 11.5 14.2 18.8 20.4 18.6 19.6 18.2 27.8 18.4 29.2 42.5 Michigan.............................................................. Minnesota............................................................ Mississippi........................................................... Missouri............................................................... Montana.............................................................. 3,400,093 1,591,562 527,134 2,989,711 434,818 1,121,335 679,177 314,558 1,162,475 228,341 399,813 178,427 80,688 345,651 83,719 610,083 237,396 81,538 478,244 72,702 1,268,862 496,562 50,350 1,003,341 50,056 33.0 42.7 59.7 38.9 52.5 11.8 11.2 15.3 11.6 19.3 17.9 14.9 15.5 16.0 16.7 37.3 31.2 9.5 33.5 11.5 Nebraska............................................................ Nevada................................................................. New Hampshire................................................. New Jersey.......................................................... New Mexico........................................................ 969,941 151,395 158,273 2,687,900 262,460 530,322 67,016 71,237 1,116,593 143,294 154,577 27,051 24,609 391,691 42,573 138,203 29,339 32,933 521,398 48,905 146,839 27,989 29,494 658,218 27,688 54.7 44.2 45.0 41.5 54.6 15.9 17.9 15.6 14.6 16.2 14.3 19.4 20.8 19.4 18.6 15.1 18.5 18.6 24.5 10.6 New York............................................................ North Carolina.. . ............................................. North Dakota.................................................... Oklahoma............................................................ 20,936,381 1,204,994 340,312 4,842,972 1,347,812 3,674,808 534,928 228,274 1,592,812 559,136 1,675,395 156,988 51,727 546,659 161,917 3,057,215 225,633 37,836 842,262 197,309 12,528,963 287,445 22,475 1,861,239 429,450 17.6 44.4 67.1 32.9 41.5 8.0 13.0 15.2 11.3 12.0 14.6 18.7 11.1 17.4 14.6 59.8 23.9 6.6 38.4 31.9 Oregon.................................................................. Pennsylvania...................................................... Rhode Island...................................................... South Carolina................................................... South Dakota..................................................... 951,172 6,720,321 390,321 569,491 356,604 435,883 2,202,060 101,537 288,306 239,389 131,264 776,805 48,110 83,450 58,622 168,072 1,123,942 82,720 98,921 41,015 215,953 2,617,514 157,954 98,814 17,578 45.8 32.8 26.0 50.6 67.2 13.8 11.6 12.3 14.6 16.4 17.7 16.7 21.2 17.4 11.5 22.7 38.9 40.5 17.4 4.9 Tennessee............................................................. Texas..................................................................... Utah...................................................................... Vermont............................................................... Virginia................................................................ 1,183,399 5,843,524 382,976 103,606 1,282,283 532,858 2,429,251 133,577 56,754 606,621 138,575 772,098 39,795 15,300 167,952 198,419 1,004,050 59,265 17,197 216,815 313,547 1,638,125 150,339 14,355 290,895 45.0 41.6 34.9 54.8 47.3 11.7 13.2 10.4 14.8 13.1 16.8 17.2 15.5 16.6 16.9 26.5 28.0 39.2 13.8 22.7 Washington. . ...................................................... West Virginia...................................................... Wisconsin............................................................. Wyoming.............................................................. 1,339,465 579,636 1,736,467 186,533 580,630 298,539 718,461 95,009 184,293 74,886 226,940 33,430 229,066 102,517 301,579 35,267 345,476 103,694 489,487 22,827 43.3 51.5 41.4 50.9 13.8 12.9 13.1 17.9 17.1 17.7 17.3 18.9 25.8 17.9 28.2 12.3 BANKS 33,045 3,441,231 495,174 180,398 145,186 COMMERCIAL 47,387 1,314,691 352,104 181,733 166,022 INSURED 46,417 925,268 285,004 206,038 180,406 IN 163,225 2,318,241 981,599 819,298 648,387 DEPOSITS Kansas.................................................................. 290,074 7,999,431 2,113,881 1,387,467 1,140,001 Idaho..................................................................... Illinois................................................................... Indiana................................................................. oo Table 46. D i s t r i b u t i o n o f s a v in g s a n d A c c o r d in g t o S iz e of 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 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 and C o r p o r a t io n s , 21, 1955 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 i n s u r a n c e c o r p o r a t io n d is t r ic t a n d s t a t e FD IC District and State 76.4% 13.9% 5.1% 4.6% 2,033,285 76.4 13.9 5.1 4.6 92,314 13,762 8,780 5,395 76.8 11.4 7.3 4.5 1,900,282 6,919,289 6,462,041 2,403,457 1,497,203 2,034,254 5,382,164 4,408,240 1,443,395 1,127,834 1,645,166 8,881,257 1,645,606 5,336,053 5,261,726 1,918,284 1,139,812 1,588,261 4,431,186 3,425,434 1,214,226 862,499 1,110,930 5,740,006 166,458 707,198 776,333 288,887 216,347 284,027 671,397 689,083 172,955 172,862 227,591 1,763,720 39,514 205,861 252,356 108,148 81,524 112,863 205,191 216,398 44,813 66,335 126,042 795,976 F48,704 670,177 171,626 88,138 59,520 49,103 74,390 77,325 11,401 26,138 180,603 581,555 86.6 77.1 81.4 79.8 76.1 78.1 82.3 77.7 84.1 76.5 67.5 64.6 8.7 10.2 12.0 12.0 14.5 14.0 12.5 15.6 12.0 15.3 13.8 19.9 2.1 3.0 3.9 4.5 5.4 5.5 3.8 4.9 3.1 5.9 7.7 9.0 2.6 9.7 2.7 3.7 4.0 2.4 1.4 1.8 .8 2.3 11.0 6.5 339,327 176,727 161,978 7,068,304 359,557 266,477 121,593 123,510 4,387,385 265,613 49,286 33,353 22,454 1,477,184 58,839 19,411 15,468 11,283 689,811 24,804 4,153 6,313 4,731 513,924 10,301 78.6 68.8 76.2 62.1 73.9 14.5 18.9 13.9 20.9 16.4 5.7 8.7 7.0 9.8 6.9 1.2 3.6 2.9 7.2 2.8 487,860 83,862 274,324 561,259 426,165 425,491 64,587 181,167 405,028 335,275 52,566 13,715 28,363 85,671 57,130 4,604 4,596 16,783 29,135 22,149 5,199 964 48,011 41,425 11,611 87.2 77.0 66.1 72.1 78.7 10.8 16.4 10.3 15.3 13.4 .9 5.5 6.1 5.2 5.2 1.1 1.1 17.5 7.4 2.7 33,581,709 Other areas............................................................ 120,251 District 6 ............................................................ District 8 . . . ........................................................ District 9 ............................................................. District 10............................................................ State District of Columbia......................................... CORPORATION $2,038,680 2,246,241 $33,674,023 43,984,331 $10,000 or less INSURANCE $2,255,021 6,123,096 $44,104,582 Continental U. S ................................................ $10,000 to $25,000 DEPOSIT $6,136,858 Total United S tates............................................... FDIC District More than $100,000 More than $100,000 $10,000 or less $10,000 to $25,000 $25,000 to $100,000 $25,000 to $100,000 Total FEDERAL Percent of total deposits in accounts of— Deposits (in thousands) in accounts of— Idaho..................................................................... Illinois................................................................... Indiana................................................................. 69.6 76.9 82.5 81.8 79.1 21.7 15.9 12.8 14.1 15.3 6.6 5.2 3.5 3.7 4.6 2.1 2.0 1.2 .4 1.0 Kentucky............................................................. Louisiana.............................................................. Maine.................................................................... Maryland............................................................. Massachusetts. .................................................. 288,357 370,848 210,462 481,855 661,594 233,702 303,883 179,183 395,265 578,572 38,901 45,040 20,768 63,038 38,256 12,906 16,777 7,632 16,548 10,629 2,848 5,148 2,879 7,004 34,137 81.0 82.0 85.1 82.0 87.4 13.5 12.1 9.9 13.1 5.8 4.5 4.5 3.6 3.4 1.6 1.0 1.4 1.4 1.5 5.2 Michigan.............................................................. Minnesota............................................................ Mississippi........................................................... Missouri............................................................... Montana.............................................................. 2,862,343 1,047,792 170,452 933,964 133,521 2,309,573 901,111 133,032 764,595 102,704 376,072 110,559 24,260 112,478 22,764 129,199 28,748 10,829 38,554 7,173 47,499 7,374 2,331 18,337 880 80.7 86.0 78.0 81.9 76.9 13.1 10.6 14.2 12.0 17.0 4.5 2.7 6.4 4.1 5.4 1.7 .7 1.4 2.0 .7 Nebraska.............................................................. Nevada................................................................. New Hampshire................................................. New Jersey.......................................................... New Mexico........................................................ 162,309 85,451 83,563 2,254,067 94,246 138,227 57,978 70,590 1,953,414 62,092 18,457 17,117 10,006 229,318 14,695 5,122 7,491 2,383 52,200 8,776 503 2,865 584 19,135 8,683 85.2 67.8 84.5 86.7 65.9 11.4 20.0 12.0 10.2 15.6 3.1 8.8 2.8 2.3 9.3 .3 3.4 .7 .8 9.2 New York............................................................ North Carolina................................................... North Dakota..................................................... Oklahoma............................................................ 4,502,851 410,372 124,136 2,988,293 255,960 3,259,953 341,337 99,444 2,409,416 190,647 456,261 43,438 19,784 382,774 39,737 141,954 18,072 4,456 130,769 16,411 644,683 7,525 452 65,334 9,165 72.4 83.2 80.1 80.6 74.5 10.1 10.6 15.9 12.8 15.5 3.2 4.4 3.6 4.4 6.4 14.3 1.8 .4 2.2 3.6 Oregon.................................................................. Pennsylvania...................................................... Rhode Island...................................................... South Carolina................................................... South Dakota..................................................... 605,765 3,473,748 282,421 115,065 137,946 442,149 2,852,310 242,488 93,838 110,967 100,279 393,559 26,554 12,592 19,848 43,489 121,587 9,130 4,407 4,436 19,848 106,292 4,249 4,228 2,695 73.0 82.1 85.9 81.6 80.4 16.5 11.3 9.4 10.9 14.4 7.2 3.5 3.2 3.8 3.2 3.3 3.1 1.5 3.7 2.0 Tennessee............................................................. Texas..................................................................... Utah...................................................................... Virginia................................................................ 649,955 1,003,345 251,978 174,382 807,580 466,454 623,362 191,738 149,282 648,487 110,194 134,503 35,851 18,308 105,431 50,120 85,021 9,317 5,136 37,505 23,187 160,459 15,072 1,656 16,157 71.8 62.1 76.1 85.6 80.3 16.9 13.4 14.2 10.5 13.1 7.7 8.5 3.7 2.9 4.6 3.6 16.0 6.0 1.0 2.0 Washington......................................................... West Virginia...................................................... Wisconsin............................................................. Wyoming.............................................................. 663,989 314,261 1,395,523 73,528 512,339 258,190 1,193,945 49,389 91,865 36,025 151,685 13,466 33,360 14,833 36,350 7,206 26,425 5,213 13,543 3,467 77.2 82.1 85.5 67.2 13.8 11.5 10.9 18.3 5.0 4.7 2.6 9.8 4.0 1.7 1.0 4.7 BANKS 3,421 74,582 13,348 2,743 2,702 COMMERCIAL 10,839 191,139 39,642 25,259 12,792 INSURED 35,566 591,139 143,640 97,944 42,363 IN 114,202 2,858,011 927,668 567,423 218,623 DEPOSITS Kansas.................................................................. 164,028 3,714,871 1,124,298 693,369 276,480 00 CO Table 47. A D is t r i b u t i o n o f c c o r d in g t o S iz e D of emand 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 , and 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 C o r p o r a t io n s , 21, 1955 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 Percent of total deposits in accounts of— Deposits (in thousands) in accounts of— Size group More than $100,000 Demand deposits— to ta l.............. $100,122,450 $34,867,618 $11,709,039 $16,491,258 $37,054,535 Banks with deposits of— Less than $250,000........................ $250,000 to $500,000..................... $500,000 to $1,000,000................. $1,000,000 to $2 ,000,000.............. $2,000,000 to $5,000,000.............. 3,301 88,311 720,252 2,538,465 7,705,905 3.004 76,399 592,713 1,937,350 5,302,093 266 9,293 87,758 359,140 1,217,412 31 2,619 35,937 197,750 879,812 $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. . . 7,693,271 10,227,032 7,364,356 7,218,221 10,789,593 4,553,592 5,063,004 2,997,062 2,416,651 3,040,823 1,262,393 1,630,689 1,116,827 976,391 1,254,038 $250,000,000 to $500,000,000. . . $500,000,000 to $1,000,000,000.. $1,000,000,000 to $2,500,000,000 $2,500,000,000 or more................. 10,480,767 8,950,583 11,461,574 14,880,819 2,335,341 1,989,487 1,608,730 2,951,369 Percent of to ta l........................... Banks with deposits of— Less than $250,000........................ $250,000 to $500,000..................... $500,000 to $1,000,000................. $1,000,000 to $2 ,000,000.............. $2,000,000 to $5,000,000.............. 100.0 % $10,000 or less $10,000 to $25,000 $25,000 to $100,000 More than $100,000 37.0% 34.8% 11.7% 16.5% 3,844 44,225 306,588 91.0 86.5 82.3 76.3 68.8 8.1 10.5 12.2 14.2 15.8 .9 3.0 5.0 7.8 11.4 .5 1.7 4.0 1,196,224 1,926,975 1,541,121 1,554,127 2,173,403 681,062 1,606,364 1,709,346 2,271,052 4,321,329 59.2 49.5 40.7 33.5 28.2 16.4 16.0 15.2 13.5 11.6 15.5 18.8 20.9 21.5 20.1 8.9 15.7 23.2 31.5 40.1 1,022,801 806,725 777,976 1,187,330 1,895,700 1,480,644 1,507,363 2,099,552 5,226,925 4,673,727 7,567,505 8,642,568 22.3 22.2 14.0 19.8 9.7 9.0 6.8 8.0 18.1 16.6 13.2 14.1 49.9 52.2 66.0 58.1 100.0% 100.0 % 100.0% 100.0% 0) .1 .7 2.5 7.7 0) .2 1.7 5.6 15.2 0) .1 .8 3.1 10.4 0) 0) .2 1.2 5.3 0) .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. . . 7.7 10.2 7.4 7.2 10.8 13.1 14.5 8.6 6.9 8.7 10.8 13.9 9.5 8.3 10.7 7.3 11.7 9.3 9.4 13.2 1.8 4.4 4.6 6.1 11.7 $250,000,000 to $500,000,000. . . $500,000,000 to $1,000,000,000.. $1,000,000,000 to $2,500,000,000 $2,500,000,000 or more................. 10.5 8.9 11.4 14.9 6.7 5.7 4.6 8.5 8.7 6.9 6.7 10.1 11.5 9.0 9.2 12.7 14.1 12.6 20.4 23.4 i Less than .05 percent. CO R PO R ATIO N $25,000 to $100,000 INSURANCE $10,000 to $25,000 DEPOSIT $10,000 or less FEDERAL Total Table 48. D i s t r i b u t io n o f A c c o r d in g S a v in g s t o s iz e o f and 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 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 and C o r p o r a t io n s , 21, 1955 BANKS GROUPED BY AMOUNT OF DEPOSITS Percent of total deposits in accounts of— Deposits (in thousands) in accounts of— Size group 595 17,562 237,761 1,014,225 3,624,645 105 1,792 28,461 145,634 577,767 269 4,247 26,559 137,764 4,772,080 6,512,482 4,157,132 3,332,808 4,395,949 3,910,572 5,336,666 3,329,976 2,630,891 3,386,205 625,305 813,215 528,647 413,559 579,245 $250 000 000 to $500,000,000............................ $500 000,000 to $1,000,000,000......................... $1 000,000,000 to $2,500,000,000..................... $2 500,000,000 or more........................................ 3,163,667 3,632,805 2,947,358 5,344,796 2,370,081 2,363,920 2,060,489 3,390,435 Percent of total ............................................. Banks with deposits of— .................... Less than $250 000 $250 000 to $500,000 ........................ $500 000 to $1 000 000 ............................ $1 000 000 to $2 ,000,000..................................... $2 000 000 to $5 000 000 ... . 100.0% $250,000 to $500,000............................................ $500,000 to $1,000,000......................................... $1,000,000 to $2 ,000,000..................................... $2,000,000 to $5,000,000..................................... 700 19,758 271,172 1,189,108 4,364,767 $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............................ $25,000 to $100,000 More than $100,000 76.4% 13.9% 5.1% 135 703 2,690 24,591 85.0 88.9 87.7 85.3 83.0 15.0 9.1 10.5 12.3 13.2 1.3 1.6 2.2 3.2 .7 .2 .2 .6 183,186 262,099 187,475 162,801 228,197 53,017 100,502 111,034 125,557 202,302 82.0 81.9 80.1 78.9 77.0 13.1 12.5 12.7 12.4 13.2 3.8 4.0 4.5 4.9 5.2 1.1 1.6 2.7 3.8 4.6 406,909 699,376 447,932 868,911 196,144 276,030 204,601 385,649 190,533 293,479 234,336 699,801 74.9 65.1 69.9 63.4 12.9 19.2 15.2 16.3 6.2 7.6 6.9 7.2 6.0 8.1 8.0 13.1 100.0% 100.0% 100.0% 100.0% 0) 0) .6 2.7 9.9 0) .1 .7 3.0 10.8 0) 0) .5 2.4 9.4 0) .2 1.2 6.1 (l) 0) .1 1.2 $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 ................. 10.8 14.8 9.4 7.6 10.0 11.6 15.8 9.9 7.8 10.1 10.2 13.3 8.6 6.7 9.4 8.1 11.6 8.3 7.2 10.1 2.6 4.9 5.5 6.2 9.9 $250 000 000 to $500,000,000 ................... $500 000 000 to $1 000 000,000 $1 000 000 000 to $2,500,000,000 $2 500 000,000 or more ...................................... 7.2 8.2 6.7 12.1 7.0 7.0 6.1 10.1 6.6 11.4 7.3 14.2 8.7 12.3 9.1 17.1 9.4 14.4 11.5 34.3 Banks with deposits of— 1 Less than .05 percent. 4 .6% BANKS $2,038,680 $10,000 to $25,000 COMMERCIAL $2,255,021 $33,674,023 $10,000 or less INSURED $6,136,858 $44,104,582 $10,000 to $25,000 IN More than $100,000 $10,000 or less DEPOSITS $25,000 to $100,000 Total 00 o D e t a i l e d T a b l e s : D is t r i b u t i o 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 o f A c c o u n t , I n s u r e d M u t u a l S a y i n g s B a n k s Table 49. D is t r ib u t io n o f A c c o u n t s A c c o r d in g to Siz e , I n su r e d M utual Sa y i n g s B a n k s , S e p t e m b e r 21, 1955 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 i n 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 , s t a t e , a m o u n t o f d e p o s it s , p o p u l a t i o n o f c e n t e r , a n d p e r c e n t o f d e p o s it s i n s u r e d ; a n d a c c o u n t s b y t y p e Classification New Jersey............................................... $10,000 to $25,000 $25,000 to $100,000 More than $100,000 $10,000 or less $10,000 to $25,000 $25,000 to $100,000 More than $100,000 220 15,144,947 14,876,105 264,761 3,895 186 98.2% 1.8% 0 )% 0 )% 38 153 10 7 6 1 5 687,443 11,535,936 1,858,359 521,368 63,462 211,417 266,962 678,274 11,320,808 1,828,204 514,814 62,751 209,810 261,444 8,693 214,142 28,151 5,978 672 1,607 5,518 471 958 1,874 558 34 5 28 130 18 5 98.7 98.1 98.4 98.8 98.9 99.2 97.9 1.2 1.9 1.5 1.1 1.0 .8 2.1 .1 0) .1 .1 .1 0) 0) (x) 0) 0) 5 1 3 9 7 78,378 19,985 30,824 65,761 521,368 76,592 19,541 30,339 65,134 514,814 1,770 438 457 586 5,978 16 6 23 41 558 5 2.3 2.2 1.5 .9 1.1 0) C1) .1 .1 .1 0) 18 97.7 97.8 98.4 99.0 98.8 1 12 23 129 3 211,417 204,388 840,831 10,675,120 400,938 209,810 200,767 826,739 10,474,528 395,056 1,607 3,302 13,472 200,232 5,149 4 17 11 102 99.2 98.2 98.3 98.1 98.5 .8 1.6 1.6 1.9 1.3 1 7 5 7 4 3 15,045 1,457,421 228,263 110,653 251,917 32,638 14,534 1,433,148 226,332 109,449 246,910 32,412 511 23,002 1,901 1,134 5,007 215 96.6 98.3 99.2 98.9 98.0 99.3 3.4 1.6 .8 1.0 2.0 .7 315 603 349 631 1,243 30 69 11 28 1 .2 .1 0) .2 0) 0) C1) 0) .1 C1) .1 0) 0) (!) c o r p o r a t io n State $10,000 or less in s u r a n c e FDIC District District 1 ................................................... District 2 .................................................. District 3 ................................................... District 4 ................................................... District 7 ................................................... Total d epo sit United S tates................................................. Number of banks federal Percent of total accounts Number of accounts 17 7 43 1 98.8 97.5 98.2 98.7 1.2 2.5 1.8 1.3 0) C1) 0) C1) 6,870 12,322 8,590 16,745 160 302 250 82 1 8 14 4 98.4 98.2 98.4 98.3 1.6 1.8 1.6 1.7 C1) 0) 0) C1) I1) 0) 0) 0) 1,015,463 1,690,052 1,353,590 7,930,787 16,455 26,576 19,836 151,945 307 1,237 1,179 311 9 113 26 10 98.4 98.4 98.5 98.1 1.6 1.5 1.4 1.9 C1) .1 .1 0) V1) 0) 0) 0) 14,489,579 655,368 14,230,403 645,702 256,158 8,603 2,958 937 60 126 98.2 98.5 1.8 1.3 0) .2 C1) w 82,635 14,446,234 533 1,596 82,143 14,179,191 486 1,575 345 263,518 36 15 119 3,406 11 6 28 119 99.4 98.2 91.2 98.7 .4 1.8 6.7 .9 .2 (*) 2.1 .4 I1) 0) 1,534 4,596 199,700 408,119 1,257 4,524 199,440 407,489 172 62 229 384 73 10 31 239 32 81.9 98.4 99.9 99.8 11.2 1.4 .1 .1 4.8 .2 (>) .1 2.1 18,663 26,225 60,902 83,606 44,999 16,256 477 498 746 1,240 645 60 Banks in centers with popula tion in 1950 of— 500 to 1,000............................................. 1.000 to 2 ,500.......................................... 2,500 to 5,000.......................................... 5.000 to 10,000........................................ 10,135 94,204 66,951 132,199 10,012 91,811 65,714 130,462 123 2,376 1,230 1,693 10.000 to 25,000. . . 25.000 to 50,000. . . 50.000 to 100,000. . 100.000 to 250,000. 447,516 680,519 543,714 961,813 440,485 667,887 534,860 944,982 1,032,234 1,717,978 1,374,631 8,083,053 250.000 to 500,000____ 500.000 to 1,000,000. . 1,000,000 to 2,500,000. 2.500.000 or more......... Banks with percent of deposits insured of— 90 to 99 percent.................................. 80 to 89 percent.................................. Type of account Individual, partnership, and corpo ration accounts: Demand............................................ Savings and time............................ Interbank accounts............................ U. S. Government accounts............ State and political subdivision ac counts ................................................ Uninvested trust funds..................... Drafts.................................................... Other items.......................................... 214 6 7 O1) C1) h 0) 0) 0) BANKS 0) 0) 0) 0) 0) C1) 1,071,922 1,780,090 4,087,828 4,208,070 2,296,452 536,440 SAYINGS 1.7 1.5 1.5 2.0 1.9 2.9 1,091,078 1,806,828 4,149,511 4,293,021 2,342,098 552,760 MUTUAL 98.3 98.5 98.5 98.0 98.1 97.1 $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. . . 0) C1) INSURED 16 15 35 105 2 4 4 30 77 118 OF 0) .1 0) 0) 16 38 470 3,067 10,519 DEPOSITS 3.0 .4 1.0 1.3 1.7 510 8,925 45,600 242,796 597,472 AND 2 7 97.0 99.6 98.9 98.7 98.3 526 8,967 46,100 245,942 608,116 ACCOUNTS Banks with deposits of— $500,000 to $1,000,000.............. $1,000,000 to $2 ,000,000......... $2,000,000 to $5,000,000......... $5,000 000 to $10,000,000____ $10,000,000 to $25,000,000___ 1 Less than .05 percent. 87 00 oo Table 50. D is t r ib u t io n o f D e p o s it s A c c o r d in g t o S iz e of A ccount, I n sured M utual Sa v in g s B a n k s , Se p t e m b e r 21, 1955 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 , s t a t e , a m o u n t o f Percent of total deposits in accounts of— Deposits (in thousands) in accounts o fClassification $25,000 to $100,000 More than $100,000 United States— total $20,937,417 $17,602,667 $3,146,533 $139,494 $48,723 FDIC District District 1 ............... District 2 .............. District 3 .............. District 4 .............. District 7 .............. District 9 .............. District 12............ 673,289 17,355,165 1,827,578 479,471 58,987 229,101 313,826 540,874 14,819,017 1,349,621 376,989 48,146 212,579 255,441 113,780 2,497,218 373,543 78,636 8,449 16,522 58,385 18,067 33,649 66,105 20,306 1,367 State Connecticut.......... Delaware............... Indiana.................. Maine.................... Maryland.............. 105,534 24,619 40,030 50,202 479,471 80,809 18,833 32,299 41,028 376,989 24,155 5,579 5,709 7,630 78,636 570 207 997 1,544 20,306 Minnesota............. New Hampshire.. New Jersey........... New York............. Ohio.. ................... 229,101 226,316 991,184 16,339,362 374,015 212,579 169,957 796,600 14,003,584 249,382 16,522 43,660 173,275 2,318,364 67,166 Oregon. : ............... Pennsylvania. . . . Rhode Island. . . . Vermont................ Washington.......... Wisconsin.............. 29,379 1,453,563 182,324 108,913 284,447 18,957 23,951 1,100,239 157,036 92,044 231,490 15,847 5,428 306,377 24,290 14,045 52,957 2,740 $10,000 or less $10,000 to $25,000 84.1% 15.0% 5,281 38,309 3,540 1,025 80.3 85.4 73.9 78.6 81.6 92.8 81.4 16.9 14.4 20.4 16.4 14.3 7.2 18.6 1,025 3,540 76.6 76.5 80.7 81.7 78.6 12,241 17,790 15,652 24,823 458 3,519 1,762 32,644 41,282 998 2,714 5,665 370 110 $25,000 to $100,000 .7 % More than $100,000 2% 2.7 .2 3.6 4.3 2.3 .1 0) 2.1 .7 1.8 22.9 22.7 14.3 15.2 16.4 .0 2.5 3.1 4.2 2.5 92.8 75.1 80.4 85.7 66.7 7.2 19.3 17.5 14.2 18.0 5.4 1.8 .1 6.6 .2 .3 0) 8.7 81.5 75.7 86.1 84.5 81.4 83.6 18.5 21.1 13.3 12.9 18.6 14.5 2.8 .6 2.5 .4 1.9 .8 .1 C O R PO R ATIO N $10,000 or less INSURANCE Total DEPOSIT $10,000 to $25,000 FEDERAL d e p o s it s , p o p u l a t i o n o f c e n t e r , a n d p e r c e n t of d e p o s it s i n s u r e d ; a n d a c c o u n t s g r o u p e d b y t y p e 231,004 313,507 718,203 989,709 539,509 188,203 16,843 17,604 27,406 45,957 20,625 2,595 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................................................... 8,672 146,777 91,512 138,995 7,210 118,161 76,939 116,695 1,462 28,016 14,271 20,346 10.000 to 25,000................................................. 25.000 to 50,000................................................. 50.000 to 100,000.............................................. 100.000 to 2 5 0 ,0 0 0 ......................................... 479,346 828,886 643,558 1,153,111 388,223 667,198 525,083 949,868 250.000 to 5 00,000............................................ 500.000 to 1,000,000......................................... 1,000,000 to 2,500,000..................................... 2.500.000 or more.............................................. 1,151,374 1,934,759 1,306,415 13,054,012 Banks with percent of deposits in sured of— 90 to 99 percent................................................. 80 to 89 percent................................................. Type of account Individual, partnership, and corporation accounts: Demand........................................................... Savings and time........................................... Interbank accounts........................................... U . S. Government accounts......................... State and political subdivision accounts. . . Uninvested trust funds.................................... Drafts................................................................... Other items.......................................................... .2 .1 4,476 2,411 6,951 32,292 413 535 81.3 84.7 85.3 83.3 84.5 84.6 17.1 14.4 14.1 15.5 14.9 15.1 1.3 .8 .5 .7 .6 .2 .3 .1 .1 .5 0) .1 600 302 1,651 303 83.1 80.5 84.1 84.0 16.9 19.1 15.6 14.6 .4 .3 1.2 .2 85,290 150,336 105,092 199,822 5,643 10,029 9,853 2,585 190 1,323 3,530 836 81.0 80.5 81.6 82.4 17.8 18.1 16.3 17.3 1.2 1.2 1.5 .2 (5) .2 .6 .1 946,987 1,509,717 999,067 11,297,519 193,362 344,666 262,734 1,741,136 9,022 46,572 39,160 14,077 2,003 33,804 5,454 1,280 82.2 78.0 76.5 86.6 16.8 17.8 20.1 13.3 .8 2.4 3.0 .1 .2 1.8 .4 0) 20,337,873 599,544 17,191,994 410,673 3,032,505 114,028 102,828 36,666 10,546 38,177 84.5 68.5 14.9 19.0 .5 6.1 .1 6.4 43,508 20,741,383 2,396 973 21,530 3,868 51,502 72,257 25,692 17,470,028 1,425 418 1,810 2,404 46,804 54,086 5,067 3,128,060 551 261 2,354 1,004 3,213 6,023 5,461 117,248 420 294 3,205 460 1,485 10,921 7,288 26,047 59.0 84.2 59.5 43.0 8.4 62.1 90.9 74.9 11.6 15.1 23.0 26.8 10.9 26.0 6.2 8.3 12.6 .6 17.5 30.2 14.9 11.9 2.9 15.1 16.8 .1 14,161 1.227 65.8 1.7 BANKS 1,099,461 1,850,474 4,361,961 5,333,432 3,050,204 1,054,933 2.6 2.8 1.1 .6 SAVINGS 1,351,784 2,183,996 5,114,521 6,401,390 3,610,751 1,246,266 21.1 9.6 15.1 15.0 16.7 MUTUAL $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................. 493 1,152 78.9 87.8 82.1 83.7 82.6 INSURED 140 1,119 2,685 4,520 OF 188 505 5,967 37,233 122,505 DEPOSITS 704 4,635 32,457 207,628 606,778 AND 892 5,280 39,543 248,039 734,955 ACCOUNTS Batiks with deposits of— $500,000 to $1,000,000.................................... $1,000,000 to $2 ,000,000................................. $2,000,000 to $5,000,000................................. $5,000,000 to $10,000,000.............................. $10,000,000 to $25,000,000............................ 1Less than .05 percent. 89 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 I n s u r e d w i t h S p e c if ie d A m o u n t s o f C o v e r a g e T a b le 51. 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 if ie d A m o u n t s o f M a x im u m C o v e r a g e , I n s u r e d C o m m e r c ia l B a n k s , S e p t e m b e r 21, 1955 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 i n 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 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 $10,000 $25,000 $100,000 $10,000 $25,000 $100,000 $10,000 $25,000 $100,000 T otal United S tates............................ 112,551,274 113,885,370 114,399,060 98.2% 99.4% 99.9% 50.3% 59.3% Continental U. S ............................. 112,151,159 113,482,423 113,995,039 98.2 99.4 99.9 91,243,364 107,659,219 131,359,449 50.3 59.3 72.4 Other areas........................................ 400,115 402,947 404,021 98.9 99.7 99.9 220,286 254,988 302,183 56.3 65.1 77.2 5,932,421 15,977,475 14,465,974 8,382,886 5,821,763 7,135,364 10,989,442 9,214,790 3,589,888 4,747,323 7,525,466 18,768,482 5,991,779 16,189,163 14,623,553 8,457,074 5,887,045 7,212,750 11,109,691 9,351,492 3,632,252 4,811,070 7,621,405 18,998,096 6,019,057 16,290,674 14,682,590 8,487,296 5,913,396 7,244,678 11,149,689 9,399,867 3,646,530 4,834,002 7,663,433 19,067,848 98.4 97.8 98.4 98.7 98.3 98.4 98.5 97.9 98.3 98.1 98.0 98.3 99.4 99.1 99.5 99.5 99.4 99.4 99.5 99.3 99.5 99.4 99.3 99.5 99.9 99.7 99.9 99.9 99.9 99.9 99.9 99.8 99.9 99.9 99.8 99.9 4,312,385 14,385,103 11,738,703 5,612,657 4,364,880 5,565,702 9,209,411 8,847,966 3,321,472 4,135,873 6,045,340 13,924,158 5,150,263 17,598,436 13,625,409 6,561,592 5,182,726 6,557,588 10,506,237 10,434,616 3,788,113 4,867,375 7,336,270 16,305,582 6,420,594 23,180,337 16,333,976 7,929,047 6,302,399 8,018,876 12,236,461 12,670,383 4,390,304 5,854,849 9,241,855 19,082,551 49.7 34.9 54.2 55.7 56.3 54.0 60.9 51.0 63.9 56.1 48.0 56.6 59.4 42.7 62.9 65.1 66.9 63.6 69.5 60.1 72.8 66.0 58.3 66.3 74.0 56.3 75.5 78.6 81.3 77.8 81.0 73.0 84.4 79.4 73.5 77.6 1,376,414 500,809 786,440 14,600,109 960,919 1,389,291 507,689 794,944 14,776,043 975,331 1,394,414 509,933 798,389 14,828,385 980,331 98.6 98.1 98.4 98.4 97.9 99.5 99.5 99.5 99.6 99.3 99.9 99.9 99.9 99.9 99.9 919,550 415,981 598,886 10,308,578 888,165 1,077,294 487,336 702,269 12,123,898 1,049,803 1,298,110 569,466 831,809 14,203,859 1,265,572 58.4 59.1 64.3 55.3 55.1 68.5 69.2 75.4 65.0 65.1 82.5 80.9 89.3 76.2 78.5 1,457,727 315,183 701,008 1,854,701 1,719,200 1,473,799 319,182 709,934 1,882,297 1,735,399 1,479,839 320,969 714,070 1,892,792 1,742,950 98.4 98.0 98.0 97.8 98.5 99.5 99.3 99.2 99.3 99.4 99.9 99.8 99.8 99.9 99.9 1,128,512 257,028 617,976 1,672,852 1,168,102 1,323,759 311,496 744,039 2 ,000,112 1,401,366 1,585,854 389,084 931,188 2,425,159 1,754,655 54.5 45.8 45.6 55.6 51.9 63.9 55.5 54.8 66.5 62.3 76.6 69.3 68.6 80.7 77.9 FDIC District District District District District District District District District District District District 2 .......................................... 3 .......................................... 4 .......................................... 5 .......................................... 6 .......................................... 7 .......................................... 8 .......................................... 9 .......................................... 10........................................ 11........................................ 12........................................ State District of Columbia..................... 72.4% c o r p o r a t io n $100,000 in s u r a n c e $25,000 depo sit $10,000 $91,463,650 $107,914,207 $131,661,632 federal Number of accounts fully protected with maximum coverage of— 99.5 99.3 99.5 99.5 99.4 99.9 99.8 99.9 99.9 99.9 365,876 7,086,680 2,427,311 1,761,286 1,149,042 422,259 8,431,586 2,786,126 2,003,030 1,340,147 478,388 10,382,543 3,269,202 2,287,840 1,588,585 69.4 48.0 61.0 68.0 60.9 80.2 57.1 70.0 77.3 71.0 90.8 70.4 82.1 88.3 84.1 Kentucky......................................... Louisiana.......................................... Maine................................................ Maryland.......................................... Massachusetts................................. 1,445,345 1,629,171 620,619 1,542,267 2,545,917 1,459,578 1,645,816 625,139 1,556,711 2,573,869 1,464,934 1,653,203 626,762 1,562,358 2,589,598 98.5 98.4 99.0 98.6 98.1 99.5 99.4 99.7 99.5 99.2 99.9 99.8 99.9 99.9 99.8 1,077,703 1,089,013 371,057 1,052,393 1,934,372 1,246,283 1,320,304 421,555 1,235,458 2,404,052 1,462,333 1,672,451 482,423 1,497,209 3,187,961 62.4 45.6 69.4 54.2 41.3 72.2 55.3 78.8 63.6 51.4 84.7 70.0 90.2 77.1 68.1 Michigan........................................... Minnesota......................................... Mississippi........................................ Missouri............................................ Montana........................................... 5,317,607 2,321,844 871,448 3,053,709 418,437 5,376,506 2,344,843 880,058 3,089,016 426,042 5,396,120 2,353,797 883,240 3,104,450 428,339 98.4 98.5 98.5 98.2 97.6 99.5 99.5 99.6 99.3 99.4 99.9 99.9 99.9 99.8 99.9 4,396,557 2,003,105 604,376 2,564,184 443,597 5,028,292 2,288,238 703,954 3,047,935 520,807 5,875,198 2,718,861 824,475 3,816,668 598,891 59.0 59.0 65.7 49.1 65.5 67.5 67.4 76.5 58.4 76.9 78.8 80.1 89.6 73.1 88.4 Nebraska........................................... Nevada.............................................. New Hampshire.............................. New Jersey....................................... New Mexico..................................... 919,075 192,813 267,895 4,954,842 353,097 932,245 195,774 270,529 5,000,776 357,294 936,768 196,882 271,506 5,015,947 358,964 98.0 97.8 98.6 98.7 98.2 99.4 99.3 99.6 99.6 99.4 99.9 99.9 99.9 99.9 99.9 884,838 173,230 186,259 3,798,073 275,328 1,034,761 210,102 216,582 4,285,209 327,336 1,235,426 244,409 255,597 4,888,990 392,507 60.6 57.6 64.3 66.5 55.9 70.9 69.9 74.8 75.0 66.5 84.7 81.3 88.2 85.6 79.8 New York......................................... North Carolina................................ North Dakota................................. Ohio................................................... Oklahoma......................................... 10,439,135 1,771,625 391,323 6,411,386 1,337,991 10,599,499 1,786,711 396,903 6,481,046 1,353,451 10,683,470 1,793,871 398,268 6,506,721 1,359,650 97.3 98.6 98.2 98.4 98.3 98.9 99.5 99.6 99.5 99.4 99.6 99.9 100.0 99.9 99.9 10,211,680 1,159,230 421,051 5,172,280 1,013,795 12,865,088 1,379,241 468,200 5,995,290 1,204,678 17,739,045 1,726,634 507,166 7,189,566 1,486,112 29.4 50.8 79.7 54.7 48.4 37.1 60.4 88.7 63.4 57.6 51.1 75.6 96.0 76.0 71.0 Oregon............................................... Pennsylvania................................... Rhode Island................................... South Carolina................................ South Dakota.................................. 1,185,416 8,054,588 665,936 774,937 458,284 1,202,880 8,142,507 671,424 782,105 464,464 1,208,341 8,175,869 673,674 785,110 466,126 98.0 98.4 98.8 98.6 98.2 99.4 99.5 99.6 99.5 99.6 99.9 99.9 99.9 99.9 99.9 1,143,595 6,566,423 442,263 505,972 453,719 1,316,647 7,630,119 512,377 597,867 510,868 1,525,411 9,144,410 614,212 722,105 565,386 63.8 53.9 56.0 58.4 75.7 73.5 62.6 64.8 69.0 85.2 85.1 75.0 77.7 83.4 94.3 Tennessee......................................... Texas................................................. Utah................................................... Vermont............................................ Virginia............................................. 1,849,870 5,042,389 543,054 374,327 2,473,840 1,869,212 5,110,606 548,839 377,019 2,494,150 1,876,905 5,141,333 550,756 377,678 2,501,263 98.5 97.9 98.5 99.1 98.8 99.5 99.2 99.5 99.8 99.6 99.9 99.8 99.9 100.0 99.9 1,324,929 4,265,018 420,805 249,922 1,583,642 1,561,101 5,201,294 482,865 271,938 1,814,429 1,908,066 6,607,431 573,141 294,547 2,128,372 54.5 47.4 54.7 81.1 61.6 64.2 57.8 62.8 88.3 70.6 78.5 73.4 74.5 95.6 82.8 Washington...................................... West Virginia.................................. Wisconsin......................................... Wyoming.......................................... 1,737,847 1,119,209 2,756,774 205,019 1,757,780 1,127,463 2,785,866 208,577 1,764,496 1,130,624 2,795,080 209,817 98.4 98.9 98.6 97.6 99.5 99.6 99.6 99.3 99.9 99.9 99.9 99.9 1,410,110 693,444 2,385,543 200,033 1,631,466 790,558 2,691,819 237,986 1,918,378 923,539 3,092,061 279,154 59.5 64.9 64.8 62.9 68.8 74.0 73.2 74.8 80.9 86.5 84.1 87.7 COVERAGE 97.9 97.7 98.4 98.3 98.2 SPECIFIED 385,255 7,398,936 2,958,489 2,000,931 1,347,436 WITH 383,539 7,357,889 2,947,319 1,993,603 1,341,466 PROTECTION 377,443 7,244,856 2,915,061 1,969,934 1,324,319 INSURANCE Idaho................................................. Illinois............................................... Indiana.............................................. Iowa................................................... Kansas............................................... CO T a b le 52. 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 if ie d A m o u n t s o f M a x im u m C o v e r a g e , I n s u r e d C o m m e r c ia l B a n k s , S e p t e m b e r 2 1 , 1 9 5 5 BAN KS GROUPED B Y AMOUNT OF DEPOSITS, POPULATION OF CENTER IN W HICH LOCATED, CLASS, AND PERCENT OF DEPOSITS INSURED J AND ACCOUNTS GROUPED B Y TYPE Number of accounts fully protected with maximum coverage of— Deposits (in thousands) insured with maximum coverage of— Percent of deposits insured with maximum coverage of— Classification 50.3% 5 9.3% 72.4% 4,678 124,516 1,143,321 4,261,694 13,509,410 91.8 90.5 87.9 84.1 79.6 96.5 97.0 95.1 92.4 88.6 100.0 99.9 99.6 98.7 96.8 12,054,581 15,183,902 9,743,878 8,232,515 10,889,474 13,560,596 17,461,332 11,561,765 10,221,777 14,059,957 73.4 67.5 59.9 51.3 43.5 83.0 77.2 70.1 61.4 53.0 93.4 88.8 83.1 76.3 68.5 6,805,309 6,257,868 5,403,309 9,078,611 8,505,554 7,755,963 6,835,863 11,136,232 11,529,100 10,214,048 9,491,854 14,517,584 37.2 38.7 28.6 33.8 46.5 47.9 36.1 41.4 63.0 63.1 50.2 54.0 99.9 100.0 100.0 100.0 100.0 499,149 1,270,122 2,889,753 6,308,682 5,502,659 550,884 1,385,882 3,172,607 6,993,047 6,186,474 608,438 1,463,659 3,379,717 7,569,639 6,844,983 74.4 85.9 83.9 80.9 76.0 82.1 93.7 92.1 89.7 85.5 90.7 99.0 98.1 97.1 94.6 99.6 99.6 99.5 99.5 99.4 99.9 99.9 99.9 99.9 99.8 7,150,674 9,271,205 7,086,780 6,356,742 8,363,302 8,077,056 10,607,425 8,191,797 7,470,708 10,000,364 9,068,015 12,169,984 9,567,385 9,022,961 12,488,117 73.1 67.8 63.5 57.3 48.4 82.5 77.6 73.4 67.4 57.9 92.7 89.0 85.8 81.3 72.3 99.2 99.4 99.1 98.3 99.8 99.8 99.8 99.4 7,824,370 14,953,336 4,796,476 9,190,400 9,426,352 17,926,628 5,869,753 12,055,230 12,064,131 22,404,415 7,450,698 17,559,490 45.5 45.6 42.8 24.8 54.8 54.7 52.3 32.5 70.1 68.4 66.4 47.4 $10,000 A ll insured com m ercial b an k s___ 112,551,274 113,885,370 114,399,060 98.2% 99.4% Banks with deposits of— Less than $250,000................................. $250,000 to $500,000............................. $500,000 to $1,000,000.......................... $1,000,000 to $2,000,000...................... $2,000,000 to $5,000,000...................... 8,861 195,003 1,455,307 4,796,046 14,351,521 8,894 196,022 1,465,709 4,839,051 14,493,887 8,900 196,257 1,468,102 4,849,403 14,532,535 99.5 99.4 99.1 98.9 98.7 99.9 99.9 99.8 99.8 99.7 100.0 100.0 100.0 100.0 100.0 4,296 112,761 1,008,571 3,631,964 11,104,093 4,513 120,869 1,091,866 3,988,388 12,370,609 $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............. 14,064,856 17,584,967 10,257,579 8,268,854 10,290,037 14,207,259 17,765,773 10,378,154 8,371,576 10,425,442 14,250,201 17,825,214 10,423,757 8,416,215 10,488,374 98.6 98.6 98.3 98.1 97.9 99.6 99.6 99.5 99.3 99.2 99.9 99.9 99.9 99.8 99.8 10,662,417 13,267,626 8,323,886 6,869,751 8,933,188 $250,000,000 to $500,000,000............. $500,000,000 to $1,000,000,000.......... $1,000,000,000 to $2,500,000,000___ $2,500,000,000 or more......................... 7,516,655 5,627,791 5,200,929 12,932,868 7,623,684 5,736,134 5,291,460 13,082,325 7,678,421 5,780,696 5,335,495 13,145,490 97.6 97.0 97.1 98.2 99.0 98.9 98.8 99.3 99.7 99.7 99.6 99.8 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.......................................... 590,828 1,567,879 3,568,493 7,931,594 7,049,506 596,716 1,582,559 3,604,064 8,011,429 7,122,854 598,137 1,585,849 3,612,095 8,031,922 7,143,726 98.7 98.9 98.8 98.7 98.7 99.7 99.8 99.8 99.7 99.7 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................................. 9,343,458 12,231,888 9,347,936 8,471,233 10,975,475 9,438,663 12,359,901 9,446,156 8,559,560 11,095,985 9,467,093 12,401,420 9,481,111 8,595,764 11,148,986 98.6 98.6 98.5 98.5 98.3 250,000 to 500,000................................. 500,000 to 1,000,000.............................. 1,000,000 to 2,500,000.......................... 2,500,000 or more................................... 8,965,734 19,863,554 4,966,021 7,677,675 9,080,931 20,102,973 5,044,337 7,839,242 9,132,029 20,194,819 5,076,250 7,929,859 98.0 98.2 97.6 96.3 $25,000 $100,000 99.9% $10,000 $25,000 $100,000 $91,463,650 $107,914,207 $131,661,632 CO R PO R ATIO N $100,000 $100,000 INSURANCE $25,000 $25,000 DEPOSIT $10,000 $10,000 FEDERAL Percent of accounts fully protected with maximum coverage of— 100.0 99.2 98.9 98.6 98.4 98.4 100.0 99.8 99.6 99.5 99.5 99.2 100.0 99.9 99.9 99.9 99.7 99.5 6,537 3,893,254 13,322,442 17,428,304 15,727,319 17,038,252 536,571 16,233,840 21,757,709 19,100,475 19,442,654 8,126,786 9,383,968 36,865,078 23,423,836 24,636,957 12,584,639 12,719,707 100.0 92.5 83.9 74.4 64.5 55.8 100.0 93.8 84.3 74.3 65.1 54.2 100.0 94.9 84.8 75.1 64.7 55.1 40 to 49 percent...................................... 30 to 39 percent...................................... 20 to 29 percent...................................... 10 to 19 percent.................................... 0 to 9 percent........................................... 8,523,226 8,638,783 4,705,635 1,780,425 91,227 8,023,474 3,989,988 3,500,336 134,724 2,407,466 1,886,801 130,527 97.9 97.2 95.9 94.4 87.2 98.8 98.1 97.7 90.5 99.2 99.2 97.0 7,024,792 8,532,540 5,813,877 2,466,778 209,555 9,775,799 6,417,026 5,889,176 634,171 6,106,792 5,113,848 826,807 43.8 34.9 23.5 16.3 6.9 45.1 35.2 25.3 14.2 43.8 37.6 26.2 Class of bank National, members F. R. System___ State, members F. R . System............. Not members F. R. System................ 60,827,461 25,781,306 25,942,507 61,556,208 26,135,340 26,193,822 61,843,607 26,289,594 26,265,859 98.2 97.9 98.7 99.4 99.2 99.7 99.8 99.8 99.9 49,047,425 23,012,728 19,403,497 58,183,156 27,954,537 21,776,514 71,636,964 35,809,645 24,215,023 49.2 41.2 98.4 58.4 50.1 82.6 71.9 64.1 91.8 50,900,334 52,279,285 36,341 36,868 51,669,000 52,739,289 57,226 41,264 52,028,328 52,793,770 91,454 46,287 97.6 99.0 29.5 74.1 99.1 99.9 46.5 82.9 99.8 100.0 74.3 93.0 47,154,998 38,878,353 1,011,106 200,670 58,078,457 41,321,606 2,143,904 356,475 73,142,315 42,660,702 5,521,258 752,520 47.1 88.2 6.7 5.3 58.0 93.7 14.1 9.4 73.1 96.7 36.4 19.9 202,814 962,797 645,580 7,487,255 235,088 987,380 655,086 7,501,037 268,723 1,000,744 662,059 7,507,695 70.5 95.9 97.2 99.7 81.7 98.3 98.7 99.9 93.4 99.6 99.7 100.0 1,332,710 1,155,579 474,325 1,255,909 2,328,065 1,549,665 665,128 1,470,907 4,673,493 2,115,409 983,224 1,812,711 11.6 36.8 36.4 45.0 20.3 49.3 51.0 52.7 40.8 67.4 75.4 65.0 Type of account Individual, partnership, and cor poration accounts: Demand................................................. Savings and time................................ Interbank accounts................................ U. S. Government accounts................ State and political subdivision ac counts .................................................... Uninvested trust funds......................... Drafts......................................................... Other items............................................... 1 The number of banks in each category varies with the maximum coverage. For the number of banks, see Table 54, p. 96. COVERAGE SPECIFIED 10,864,013 38,263,564 21,751,794 24,553,891 8,246,112 6,294,892 WITH 746,674 19,323,842 25,293,760 21,072,732 23,622,977 8,176,863 PROTECTION 12,960 5,329,839 17,358,346 22,552,561 19,724,399 23,833,873 INSURANCE Banks with percent of deposits insured of— 1 100 percent............................................... 90 to 99 percent...................................... 80 to 89 percent...................................... 70 to 79 percent...................................... 60 to 69 percent...................................... 50 to 59 percent...................................... Table 53. A ccounts F u ll y P rotected and I nsured M D e p o s it s utual I nsu red w it h S p e c if ie d A m o u n t s S a v in g s B a n k s , S e p t e m b e r of M a x im u m C overage, 21, 1955 BANKS GROUPED B Y FEDERAL DEPOSIT INSURANCE CORPORATION DISTRICT, STATE, AMOUNT OF DEPOSIT, POPULATION OF CENTER IN W H ICH LOCATED, 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— 1 ^ Percient of deposits irisured with maxiimim coverage of— 1 Classification $25,000 $100,000 $10,000 $25,000 $100,000 15,144,761 98.2% 100.0% 100.0% $20,291,087 $20,851,225 $20,907,294 96.9% 99.6% 99.9% 686,967 11,534,950 1,856,355 520,792 63,423 211,417 266,962 687,438 11,535,908 1,858,229 521,350 63,457 211,417 266,962 98.7 98.1 98.4 98.8 98.9 99.2 97.9 99.9 100.0 99.9 99.9 99.9 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 632,564 16,970,297 1,651,171 442,529 55,256 228,649 310,621 666,554 17,340,885 1,773,264 470,025 57,570 229,101 313,826 673,221 17,352,684 1,802,269 477,731 58,462 229,101 313,826 94.0 97.8 90.3 92.3 93.7 99.8 99.0 99.0 99.9 97.0 98.0 97.6 100.0 100.0 100.0 100.0 98.6 99.6 99.1 100.0 100.0 76,592 19,541 30,339 65,134 514,814 78,362 19,979 30,796 65,720 520,792 78,378 19,985 30,819 65,761 521,350 97.7 97.8 98.4 99.0 98.8 100.0 100.0 99.9 99.9 99.9 100.0 100.0 100.0 100.0 100.0 98,669 23,273 37,149 47,298 442,529 105,364 24,562 38,708 49,683 470,025 105,534 24,619 39,505 50,202 477,731 93.5 94.5 92.8 94.2 92.3 99.8 99.8 96.7 99.0 98.0 100.0 100.0 98.7 100.0 99.6 209,810 200,767 826,739 10,474,528 395,056 211,417 204,069 840,211 10,674,760 400,205 211,417 204,384 840,814 10,675,109 400,836 99.2 98.2 98.3 98.1 98.5 100.0 99.8 99.9 100.0 99.8 100.0 100.0 100.0 100.0 100.0 228,649 206,167 937,520 16,009,504 308,202 229,101 221,592 985,375 16,330,948 334,873 229,101 226,258 989,365 16,338,700 351,571 99.8 91.1 94.6 98.0 82.4 100.0 97.9 99.4 99.9 89.5 100.0 100.0 99.8 100.0 94.0 14,534 1,433,148 226,332 109,449 246,910 32,412 15,045 1,456,150 228,233 110,583 251,917 32,627 15,045 1,457,393 228,263 110,652 251,917 32,638 96.6 98.3 99.2 98.9 98.0 99.3 100.0 99.9 100.0 99.9 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 29,061 1,342,969 176,346 104,084 281,560 18,107 29,379 1,438,391 182,076 107,839 284,447 18,862 29,379 1,450,698 182,324 108,903 284,447 18,957 98.9 92.4 96.7 95.6 99.0 95.5 100.0 99.0 99.9 99.0 100.0 99.5 100.0 99.8 100.0 100.0 100.0 100.0 Banks with deposits of— $500,000 to $1,000,000.......................... $1,000,000 to $2 ,000,000...................... $2,000,000 to $5,000,000...................... $5,000,000 to $10,000,000.................... $10,000,000 to $25,000,000.................. 510 8,925 45,600 242,796 597,472 526 8,963 46,070 245,863 607,991 526 8,967 46,100 245,940 608,109 97.0 99.6 98.9 98.7 98.3 100.0 100.0 99.9 100.0 100.0 100.0 100.0 100.0 100.0 100.0 864 5,055 37,457 239,088 713,218 892 5,240 39,174 246,836 732,408 892 5,280 39,543 247,746 734,503 96.9 95.7 94.7 96.4 97.0 100.0 99.2 99.1 99.5 99.7 100.0 100.0 100.0 99.9 99.9 $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.......... Digitized$1,000,000,000 for FRASERto $2,500,000,000----- 1,071,922 1,780,090 4,087,828 4,208,070 2,296,452 536,440 1,090,585 1,806,315 4,148,730 4,291,676 2,341,451 552,696 1,091,062 1,806,813 4,149,476 4,292,916 2,342,096 552,756 98.3 98.5 98.5 98.0 98.1 97.1 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 1,291,021 2,117,854 4,978,791 6,182,942 3,506,664 1,218,133 1,342,790 2,176,806 5,099,689 6,356,766 3,605,888 1,244,736 1,348,908 2,183,085 5,111,070 6,379,598 3,610,538 1,246,131 95.5 97.0 97.3 96.6 97.1 97.7 99.3 99.7 99.7 99.3 99.9 99.9 99.8 100.0 99.9 99.7 100.0 100.0 14,876,105 15,140,866 678,274 11,320,808 1,828,204 514,814 62,751 209,810 261,444 Delaware................................................... Indiana...................................................... Maine......................................................... Minnesota................................................. New Hampshire...................................... New Jersey............................................... New York................................................. United States........................................ FDIC District District 12................................................. State Vermont .................................................. CO R PO R ATIO N $10,000 INSURANCE $100,000 $100,000 DEPOSIT $25,000 $25,000 FEDERAL $10,000 $10,000 98.8 97.5 98.2 98.7 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 8,440 142,091 89,309 134,065 8,672 146,602 91,385 138,141 8,672 146,777 91,512 138,792 97.3 96.8 97.6 96.5 100.0 99.9 99.9 99.4 100.0 100.0 100.0 99.9 10.000 to 25,000...................................... 25.000 to 50,000...................................... 50.000 to 100,000.................................... 100.000 to 250,000.................................. 440,485 667,887 534,860 944,982 447,355 680,209 543,450 961,727 447,515 680,511 543,700 961,809 98.4 98.2 98.4 98.3 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 458,533 793,518 613,623 1,118,178 477,538 825,284 636,775 1,151,840 479,256 828,363 641,428 1,152,675 95.6 95.7 95.3 97.0 99.6 99.6 98.9 99.9 100.0 99.9 99.7 100.0 250.000 to 500,000.................................. 500.000 to 1,000,000.............................. 1,000,000 to 2,500,000.......................... 2.500.000 or more................................... 1,015,463 1,690,052 1,353,590 7,930,787 1,031,918 1,716,628 1,373,426 8,082,732 1,032,225 1,717,865 1,374,605 8,083,043 98.4 98.4 98.5 98.1 100.0 99.9 99.9 100.0 100.0 100.0 100.0 100.0 1,114,697 1,788,977 1,209,477 12,820,179 1,148,249 1,888,133 1,291,926 13,046,680 1,150,271 1,912,255 1,303,561 13,053,732 96.8 92.5 92.6 98.2 99.7 97.6 98.9 99.9 99.9 98.8 99.8 100.0 14,230,403 645,702 4,540,990 10,251,412 348,464 10,289,552 4,855,209 98.2 98.5 100.0 100.0 99.8 100.0 100.0 19,783,753 507,334 6,565,041 13,977,600 308,584 14,327,827 6,579,467 97.3 84.6 100.0 99.6 89.4 100,0 99.5 82,143 14,179,191 486 1,575 82,488 14,442,709 522 1,590 82,607 14,446,115 533 1.596 99.4 98.2 91.2 98.7 99.8 100.0 97.9 99.6 100.0 100.0 100.0 100.0 30,612 20,140,458 1,895 628 34,434 20,686,213 2,251 829 39,020 20,727,236 2,396 973 70.4 97.1 79.1 64.5 79.1 99.7 93.9 85.2 89.7 99.9 100.0 100.0 1,257 4,524 199,440 407,489 1,429 4,586 199,669 407,873 1,502 4.596 199,700 408,112 81.9 98.4 99.9 99.8 93.2 99.8 100.0 99.9 97.9 100.0 100.0 100.0 4,580 3,124 49,404 60,386 6,789 3,658 50,792 66,259 10,569 3,868 51,502 71,730 21.3 80.8 95.9 83.6 31.5 94.6 98.6 91.7 49.1 100.0 100.0 99.3 Banks with percent of deposits insured of— 2 100 percent............................................... 90 to 99 percent...................................... 80 to 89 percent...................................... 70 to 79 percent.................................. Type of account Individual, partnership, and cor poration accounts: Demand................................................ Savings and time................................ Interbank accounts................................ U . S. Government accounts................ State and political subdivision ac counts .................................................... Uninvested trust funds.......................... Drafts......................................................... Other items............................................... COVERAGE 1 ®ecause of rounding to tenths of 1 percent, percentages shown as 100.0 may represent either complete coverage or a coverage of 99.5 percent < 2 lh e number of banks m each category varies with the maximum coverage. For the number of banks, see Table 54, p. 96. SPECIFIED 10,135 94,204 66,951 132,198 WITH 10,135 94,187 66,944 132,155 PROTECTION 10,012 91,811 65,714 130,462 INSURANCE Banks in centers w ith popu lation in 1950 of— 500 to 1,000.............................................. 1.000 to 2,500.......................................... 2,500 to 5,000.......................................... 5.000 to 10,000........................................ CO Q~i Table 54. I nsured D i s t r i b u t io n o f under I nsured B a n k s G rouped S p e c if ie d A m o u n t s of M a x im u m by P ercentage of C o v e r a g e , Se p t e m b e r Number of banks grouped by percent of deposits insured with maximum coverage of— D CD O e p o s it s 21, 1955 Percentage of banks grouped by percent of deposits insured with maximum coverage of— Percent of deposits insured 1 Q ‘n o T P o n f ..................................................... Insured com m ercial banks ............................................................................... Banks with percent of deposits insured of— t . ............ .............................................. 13,498 13,498 100.0% 100.0% 100.0% 20 2,735 4,581 3,468 1,587 638 772 6,315 3,844 1,560 561 239 5,699 5,811 1,308 401 169 72 .2 20.3 33.9 25.7 11.8 4.7 5.7 46.8 28.5 11.5 4.2 1.8 42.2 43.0 9.7 3.0 1.3 .5 246 140 59 22 2 119 56 29 3 24 9 5 1.8 1.0 .4 .2 0) .9 .4 .2 0) .2 .1 0) 13,278 13,278 13,278 100.0 100.0 100.0 20 2,521 4,575 3,468 1,587 638 664 6,204 3,843 1,560 561 239 5,512 5,778 1,308 401 169 72 .2 19.0 34.4 26.1 12.0 4.8 5.0 46.7 29.0 11.8 4.2 1.8 41.5 43.5 9.9 3.0 1.3 .5 246 140 59 22 2 119 56 29 3 24 9 5 1.9 1.0 .4 .2 .9 .4 .2 0) 220 220 220 100.0 100.0 100.0 214 6 108 111 1 187 33 97.3 2.7 49.1 50.5 .4 85.0 15.0 Banks with percent of deposits insured of— i Less than .05 percent. 0) .2 .1 0) COR PO R ATIO N 1 A f a "1Q 13,498 INSURANCE fn $100,000 DEPOSIT 1H $25,000 FEDERAL Banks with percent of deposits insured of— $10,000 $100,000 $25,000 $10,000 PART FOUR LEGISLATION AND REGULATIONS F e d e r a l L e g is l a t io n No Federal legislation directly affecting the Federal Deposit Insurance Corporation, or applicable to insured banks by virtue of their insured status, was enacted during 1955. R u l e s a n d R e g u l a t io n s o f t h e C o r p o r a t io n Paym ent of D e p o s it s a n d Insured Interest thereon N onm em ber By B anks The amendments of the rules and regulations of the Corporation, referred to on pages 17 and 18, are as follows: 1. Section 329.0 of the rules and regulations of the Corporation was amended, effective December 7, 1955, to read as follows: § 329.0 Scope. The regulation contained in this part relates to the payment of deposits and interest thereon by insured nonmember banks. This part is not applicable to banks which are members of the Federal Reserve System. Regulation Q (Part 217 of this title), prescribed by the Board of Governors of the Federal Reserve System for banks which are members of that System, is not applicable to insured banks which are not members of the Federal Reserve System, except to the extent that the State law of a particular State provides otherwise. The provisions of this part do not apply to mutual savings banks, or to guaranty savings banks operating in the State of New Hampshire so long as said guaranty savings banks operate substantially under and pursuant to the laws of the State of New Hampshire pertaining to mutual savings banks and do not engage in commercial banking, or to any deposit in a bank located outside of, or payable only at a bank’s office which is located outside of, the States of the United States and the District of Columbia. 2. Paragraph (e) of Section 329.1 of the rules and regulations of the Corporation was amended, effective May 16, 1955, by the addition of the following subparagraph: (5) The term “ savings deposit” also means a deposit evidenced by a written receipt or agreement although not by a pass book, consisting of funds of the kind described above in this paragraph and in respect to which deposit the depositor is required, or may at any time be required, by the bank to give notice in writing of an intended withdrawal not less than thirty (30) days before such withdrawal is made, and with drawals are permitted only through payment to the depositor himself but not to any other person whether or not acting for the depositor.5* 6a Payment may be made to the depositor over the counter, through the mails or otherwise. A s s e s s m e n t D e c is io n s Assessment decisions, which are interpretative rulings of the Federal Deposit Insurance Act and rules and regulations of the Corporation, were published in the Federal Register of May 14, 1955 (20 F.R. 3306-3328). Copies of these assessment decisions have been furnished to each insured bank. 99 100 FEDERAL D e s c r ip t io n D EP O S IT of IN S U R A N C E O r g a n iz a t io n of C O R PO R A T IO N the C o r p o r a t io n Section 3 of the Description of Organization of the Corporation, which was published in the Federal Register of March 27, 1954 (19 F.R. 1681), was amended and published in the Federal Register of August 24, 1955 (20 F.R. 6198), as follows: S e c . 3. Delegation of final authority— (a) General. Except as otherwise provided by rule, or to the extent that there is involved any function of the Corporation re quiring confidentiality in the public interest or any matter relating solely to the internal management of the Corporation, or with respect to matters which generally involve conditions or circumstances requiring prompt action in the field for the better protection of the interests of the Corporation and to achieve flexibility and expedition in its operations and in the exercise of its functions, such as arise in connection with the Corporation’s litigation and liquidation matters and with the payment of claims for insured deposits, delegations of final authority by the Board of Directors within the statutory meaning of that phrase are set forth in this section. Any person having a proper and direct concern therein may ascertain the scope of authority of any officer, agent, or employee of the Corporation by communicating with the Secretary of the Corporation. (b) Reports of condition. Authority is delegated to the Chairman of the Board of Directors to designate the date as of which each insured State bank, which is not a member of the Federal Reserve System or a District bank, shall make a report of its condition as required by the Board of Directors pursuant to section 10 (e) of the Federal Deposit Insurance Act (12 U. S. C. 1820 (e) ). (c) To assure continuous performance of functions. For the purpose of assuring the performance of and continuity in the management functions and activities of the Corporation, the Board of Directors has delegated, to the extent deemed necessary, authority with respect to the management of the Corporation’s affairs to certain designated persons, such authority to be exercised only in the event of an emergency, involving an enemy attack on the continental United States or other warlike occur rence, which renders the Board of Directors unable to perform the management functions and activities normally performed by it. (d) Assessment decisions. Authority is delegated to the Controller and the General Counsel jointly to promulgate and to amend assessment decisions as interpretative rulings of the Corporation with reference to provisions of the Federal Deposit In surance Act and the Corporation’s rules and regulations relating to assessment and from time to time to publish such assessment decisions and amendments thereof in the F e d e r a l R e g i s t e r . (e) Extension of time in which to establish a branch or change location of main office or branch. Authority is delegated to the Chief of the Division of Examination to extend the time given a bank by the Board of Directors in which to establish a branch or change the location of its main or branch office, but such extension shall not exceed two periods of the same duration each as that prescribed originally by the Board of Directors. (f) Exclusion from insured bank advertisements of the official advertising statement. Authority is delegated to the General Counsel to consent, pursuant to § 328.2 (d) (10) of Title 12, Code of Federal Regulations, to the exclusion of the Official ad vertising statement from advertisements which are of the type or character making it impractical to include such statement therein. STATE B A N K IN G LE G ISLA TIO N 101 St a t e B a n k in g Le g is l a t io n In 1955 the legislatures of forty-five States held regular sessions and thirteen 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 1955. SUPERVISORY AUTHORITY State Banking Department................................................................ Alabama (Act 204) State Banking Board.................................................... Missouri (Laws 1955, H.B. 212) Revisions of savings banks law.......................................................................................... ..................... Maine (Ch. 380), Massachusetts (Ch. 432), Washington (Chs. 13, 80) Banks and trust companies code.................................................... Washington (Ch. 33) Authorization by Superintendent of nondepartmental banks. . . . California (Ch. 729) Matters to be determined by State bank commissioner in granting certificate of authority to conduct banking business........................................... Colorado (Ch. 82) Examination fees.................................................................................................... Indiana (Ch. 94), Kansas (Ch. 65), Maine (Ch. 92), Minnesota (Ch. 820), Missouri (Laws 1955 H.B. 22), Nebraska (Ch. 15), North Carolina (Ch. 640), Vermont (Act 123) Compensation of supervisory authority and examiners................................................. .....................................................................................Missouri (Laws 1955, H.B. 22) Retention and disposition of records. .Ohio (Laws 1955, S.B. 15), Wisconsin (Ch. 421) ORGANIZATION AND CHARTER CHANGES Branch offices and agencies................................................................ Alabama (Acts 39, 70, 76, 133, 376; Acts 21, 40 of Second Special Session), Connecticut (Act 126), Florida (Ch. 29984), Indiana (Ch. 21), Maryland (Ch. 628), Pennsylvania (Act 284) Minimum capital requirements.......................................................................................... Arkansas (Act 150—suburban banks), Connecticut (Act 70—industrial banks) Par value of stock..............................................................................California (Ch. 219) Merger or consolidation......................................................................................California (Ch. 234), Connecticut (Act 31), Massachusetts (Ch. 275), Pennsylvania (Act 179) Conversion of mutual savings bank into capital stock bank..........Oregon (Ch. 690) Bank certificate of incorporation may empower directors to make, alter or repeal by-laws....................................................................... Delaware (Laws 1955, S.B. 393) Examination and investigation fee to be paid by applicants for charter..................... ............................................................................................................Georgia (Act 103) Limitation on ownership or control of voting shares in two or more banks by any company......................................................................... Illinois (Laws 1955, S.B. 600) Amendment of certificate of incorporation...................................New Jersey (Ch. 118) Certificate of authority to commence business of banking___ New Mexico (Ch. 98) Establishment of trust department............................................. New Mexico (Ch. 279) Preferred stock............................................................................. South Dakota (Ch. 10) Publication of notice of application for charter to carry on banking business.......... ...........................................................................................................Wyoming (Ch. 40) Authorization for national banks to become State banks by conversion, merger or consolidation....................................................... Texas (Ch. 234), Wyoming (Ch. 65) Authorization for State banks to become national banks by conversion, merger or consolidation.....................................................................................Wyoming (Ch. 65) Filing of record of merger, consolidation or conversion of State bank into national bank with State Bank Commissioner and County Clerk required............................. ..........................................................................................................Arkansas (Act 245) 102 FEDERAL D EP O S IT IN S U R A N C E C O R PO R A T IO N GENERAL OPERATING PROVISIONS Finality of bank’s statement of account to depositor after four years..................... .........................................................................................................California (Ch. 245) Industrial bank powers....................................................................Connecticut (Act 70) Savings bank authorized to act as collecting agent for public utility bills................. ..................................................................................................... Connecticut (Act 169) Preservation of bank records................. Michigan (Act 91), Pennsylvania (Act 259) Payment of interest or dividends by savings banks......................New Jersey (Ch. 88) Payment of dividends on capital stock.........................................New Jersey (Ch. 118) Access to safe-deposit boxes...........................................................New Jersey (Ch. 151) Safekeeping and servicing of securities owned by State..............Tennessee (Ch. 235) Charitable contributions................................................................... Wisconsin (Ch. 113) DEPOSITS Deposits of and security for public funds.........................................................California (Chs. 259, 281, 297), Idaho (Ch. 85), Maine (Ch. 419), New Mexico (Ch. 140), Ohio (Laws 1955, H.B. 562, S.B. 97), Pennsylvania (Act 102), South Carolina (Act 164), Texas (Ch. 425), Washington (Chs. 198, 220), Wyoming (Ch. 113) Pledge of deposits in savings banks and departments..................Connecticut (Act 52) Escheat of deposits.............................................................................................................. Connecticut (Act 127), Delaware (Laws 1955, H.B. 634), Washington (Ch. 385) Limitation of $20,000 on deposits in savings banks and departments......................... ..................................................................................................... Connecticut (Act 328) Adverse claims to bank deposits.................................................. Connecticut (Act 297) Deposits of minors............................. Florida (Chs. 29848, 29939), Tennessee (Ch. 16) Payment of deposit of deceased depositor.......................................... Georgia (Act 104) Joint deposits..............................................................Illinois (Laws 1955, H.B. No. 585) Issue of duplicates of lost deposit books.................................New Hampshire (Ch. 14) Tentative trust deposits................. New Hampshire (Ch. 319), Washington (Ch. 347) Restrictions on use of word “ savings” ............................................New York (Ch. 170) Restrictions on receipt of deposits by societies for savings. .Ohio (Laws 1955, H.B. 813) LOANS Real estate loans............................................... New York (Ch. 454), Oregon (Ch. 315) Insured or guaranteed loans................................................ Ohio (Laws 1955, H.B. 530) Acquisition of loans and other stated activities in connection therewith by foreign banking corporations or investor companies not considered engaging in business in State.............................................................................................Arkansas (Act 349) Loan limits. . . . California (Ch. 729), Oregon (Ch. 310), South Carolina (Act 260) Loans to directors..............................................................................California (Ch. 972) Advancements on mortgage loans by savings banks and departments..................... ....................................................................................................... Connecticut (Act 40) Construction loans........................................................................... Connecticut (Act 35) Home improvement loans by savings banks and departments. . . . Connecticut (Act 38) Loans to development credit corporation................. Connecticut (Act 441), Kansas (Ch. 144), New York (Ch. 863), North Carolina (Ch. 1146), Wisconsin (Ch. 656) Open-end mortgages...........................Connecticut (Act 543), North Dakota (Ch. 100) Participation loans..........Connecticut (Act 14, 2nd Sess.), Massachusetts (Act 197) Instalment loans..........Iowa (Ch. 248), Michigan (Act 177), Minnesota (Ch. 616), New Jersey (Chs. 117, 129), South Carolina (Act 250), South Dakota (Ch. 11) Unlimited loans............................................................................... New Jersey (Ch. 110) STATE B A N K IN G LE G ISLA TIO N 103 INVESTMENTS Real estate............................................................................. Connecticut (Act 30), Iowa (Ch. 247), Minnesota (Ch. 104), New Jersey (Ch. 107), North Dakota (Ch. 99) Real estate for banking house or for parking lot for customers. . . . Arkansas (Act 244) Stock of corporation owning bank building.................................Washington (Ch. 302) Stock of Federal National Mortgage Association in connection with sale of mortgage loans thereto...................................................................................Arkansas (Act 376), Kansas (Ch. 64), Michigan (Act 66), Missouri (Laws 1955, S.B. 139), New Mexico (Ch. 109), New York (Ch. 409), South Dakota (Ch. 231), Texas (Ch. 244) Obligations of Federal National Mortgage Association................................................ .....................................Missouri (Laws 1955, S.B. 139), Ohio (Laws 1955, S.B. 275) Stock of safe deposit corporation..................................................Washington (Ch. 302) By nondepartmental banks.............................................................. California (Ch. 729) Obligations of International Bank for Reconstruction and Development................. ................................................................................................ South Carolina (Act 216) Savings bank investments: General limitations............. Connecticut (Act 28), New Hampshire (Chs. 214, 318) Real estate.................................................................................... Connecticut (Act 29) Mortgage loans.......................................New Jersey (Ch. 170), New York (Ch. 159) Municipal obligations.................................................................. Connecticut (Act 58) Insured or guaranteed loans outside State................................ Connecticut (Act 57) Public utility preferred stock......................................................Connecticut (Act 59) Obligations of Dominion of Canada or its provinces................Connecticut (Act 60) Revenue bonds...................................... Connecticut (Act 37), New Jersey (Ch. 251) FHA insured loans....................................................................... Connecticut (Act 39) Stock of investment companies................................................ Connecticut (Act 402) r eserves Banks and trust companies........................................................... Washington (Ch. 356) Nondepartmental banks....................................................................California (Ch. 729) Industrial banks............................................................................... Connecticut (Act 70) Cash balances of savings banks.....................................................New Jersey (Ch. 229) TRUST ACTIVITIES Common trust funds........................................................................... Illinois (H.B. 894), Massachusetts (Ch. 63), Missouri (Laws 1955, S.B. 138), Montana (Ch. 64), Nevada (Ch. 21), New Mexico (Ch. 66), South Carolina (Act 396), Wyoming (Ch. 17) Securities eligible for deposit by trust companies with State Controller.................. .........................................................................................................California (Ch. 130) Investment of trust funds..............................................Connecticut (Act 149), Indiana (Ch. 302), Nebraska (Ch. 82), North Dakota (Ch. 101), Pennsylvania (Act 211), South Carolina (Acts 159, 165, 216), West Virginia (Ch. 4), Wyoming (Ch. 122) Registration in name of nominee of any investment held by a fiduciary bank or trust company......................................................... Connecticut (Act 155), Maine (Ch. 90) Waiver of security requirements for trust company deposits of uninvested trust funds to extent deposit is insured by Federal Deposit Insurance Corporation.............. ............................................................................Florida (Ch. 29871), Idaho (Ch. 199) Authorization for foreign corporations to act in fiduciary capacity............................. .....................................................................................Missouri (Laws 1955, S.B. 137) National banks acting as guardian exempted from giving bond. .New Mexico (Ch. 70) Liability of bank or trust company acting as trustee of partnership interest for minor beneficiaries limited to assets in the trust......................... South Carolina (Act 335) 104 FEDERAL D EP O SIT IN SU R A N CE C O R PO R A T IO N CHECKS AND COLLECTIONS Drawee bank authorized to pay draft representing payment of cash letters covering checks charged to accounts of drawer bank after failure of drawer bank.............. ............................................................................................................... Kansas (Ch. 66) Circumstances deemed final payment of item upon which a stop payment order has been given......................................................................................... Minnesota (Ch. 6) Restrictions on sale of money orders, traveler’s checks, cashier’s checks, drafts, registered checks and certified checks........................................ Minnesota (Ch. 555) DIRECTORS, TRUSTEES, OFFICERS, AND EMPLOYEES Loans to ............................................................... California (Ch. 972), Indiana (Ch. 25) Compensation by savings banks.....................................................Connecticut (Act 41) Payment of retirement benefits to employees of savings banks.. Connecticut (Act 120) Receipt of commissions or gifts for procuring loans prohibited..........Maine (Ch. 117) Qualification of directors... .Missouri (Laws 1955, H.B. 425), New Mexico (Ch. 283) Payment of part or all of costs of group-plan life insurance for active officers and employees.................................................................................... Washington (Ch. 296) HOLIDAYS Legal holidays.......................................................................................Arkansas (Act 29), Colorado (Ch. 163), Idaho (Ch. 19), Indiana (Ch. 6), Michigan (Act 93), Minnesota (Chs. 603, 783), Montana (Ch. 209), Nevada (Ch. 155), West Virginia (Ch. 100) Payment or presentment of negotiable instruments on optional bank holiday.......... .........................................................................................................California (Ch. 599) Saturday or Wednesday holiday.......................................................Florida (Ch. 29847) Saturday holiday................................Idaho (Ch. 197—June, July, August), Maryland (Chs. 49, 97, 158, 179, 471), Minnesota (Ch. 787), Montana (Ch. 124), Nevada (Ch. 114), New Mexico (Ch. 34), North Carolina (Chs. 546, 1220), Texas (Ch. 16) TAXATION Capital stock tax.................................................................................................................. Arkansas (Act 396), Georgia (Act 239), Nebraska (Ch. 293), Wyoming (Ch. 139) Income tax..................................................................................................Utah (Ch. 122) LIQUIDATION Double liability on stockholders barred except on stockholders of State banks whose deposits are not insured by Federal Deposit Insurance Corporation..................... ................................................................................................ Minnesota (Chs. 14, 335) PART FIVE STATISTICS OF BANKS AND DEPOSIT INSURANCE N u m b e r , O f f ic e s , a n d D e p o s it s o f O p e r a t in g B anks Table 103. Number and deposits of operating banks in the United States (continental U. S. and other areas), December 31, 1955 Banks grouped according to insurance status and by district and State 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. The tabulations for all banks and trust companies are prepared in accordance with an agreement among the Federal bank supervisory agencies. Deposit 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. CO R PO R ATIO N Number of operating banks and branches in the United States (continental U. S. and other areas), December 31, 1955 Grouped according to insurance status and class of bank, and by State and type of office INSURANCE Table 102. DEPOSIT Changes in number and classification of operating banks and branches in the United States (continental U. S. and other areas) during 1955 FEDERAL Table 101. The postal savings system. BANKS 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; OPERATING Nondeposit trust companies include institutions operating under trust company charters which are not regularly engaged in deposit banking but are engaged in fiduciary business other than that incidental to real estate title or investment activities. Building and loan associations, savings and loan associations, credit unions, personal loan companies, and similar institutions, chartered under laws applying to such institutions or under general incorporation laws, regardless of whether such institutions are au thorized to accept deposits from the public or from their members and regardless of whether such institutions are called “ banks” (a few institutions accepting deposits under powers granted in special charters are included); Morris Plan companies, industrial banks, loan and investment companies, and similar institutions except those mentioned in the description of institutions included; Branches of foreign banks, and private banks, which confine their business to foreign exchange dealings and do not receive “ deposits” as that term is commonly understood; Institutions chartered under banking or trust company laws, but operating as investment or title insurance companies and not en gaged in deposit banking or fiduciary activities; OF 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 Institutions excluded. Institutions in the following categories are excluded, though such institutions may perform many of the same functions as commercial and savings banks: AND National banks; 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; 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; 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; the Savings Banks Trust Company in New York; and four branches of foreign banks which engage in a general deposit business in the continental United States or in Puerto Rico. OFFICES, Mutual savings banks include all banks operating under State banking codes applying to mutual savings banks. N U M BER , Commercial and stock savings banks include the following categories of banking institutions: T able 101. in C hanges the in N umber and C l a s s if ic a t io n U n i t e d S t a t e s (C o n t i n e n t a l U . S. and of O p e r a t in g B a n k s O th er A reas) D and Commercial and stock savings banks and nondeposit trust companies All banks In Non sured insured Total Members F. R . System Total State In Nonsured* insured DEPOSIT National Non Not mem Banks deposit Total bers of de trust F. R. posit com System panies1 BAN KS 14,284 14,409 13,457 13,541 827 868 13,756 13,881 13,237 13,323 4,692 4,789 1,847 1,867 Net change during yea r.................................................................. 6,698 6,667 460 497 59 61 -2 -84 -41 -125 -86 -9 7 -20 31 -37 116 103 13 115 103 28 4 71 12 Banks ceasing operations.......................................................... Suspended banks not reopened or succeeded Absorbed with financial aid of FDIC Absorptions, consolidations, and mergers (without FDIC aid) . ......................................................................... Other liquidations .. 241 4 1 230 4 1 11 240 4 1 230 4 1 127 2 38 65 2 1 8 231 5 221 4 10 1 230 5 221 4 124 1 38 59 3 7 1 +43 + 5 + 37 + 1 -43 -5 -37 -1 +41 + 5 +35 + 1 + 1 + 1 + 1 +39 +4 +35 -41 -5 -35 -1 + 1 + 7 -6 + 13 -2 +2 + 15 -2 Noninsured banks becoming insured Successors to operating noninsured banks Admission to insurance operating banks® Arlmiescirvn in F R nnprnHnff hnnk Other changes in classification National banks succeeding state banks State banks succeeding national banks Admissions to F R. System Withdrawals from F. R System . .. . .. .. Changes not involving num ber in any class: Successions • Absorptions of nonbsnking fin3.ncinl institutions Changes in title location or name of location ............... Changes in corporate powers..................................................... 3 4 167 25 2 4 164 25 1 3 3 4 163 25 2 4 161 25 + 1 29 4 22 220 218 308 310 + 2 -2 1 1 2 1 1 2 1 1 +2 -2 +2 -2 3 1 -1 4 -5 +4 -15 +2 2 1 110 25 2 4 CO R PO R ATIO N -125 .............................. Banks beginning operations 528 528 INSURANCE Num ber of banks, December 31, 1955........................................... Num ber of banks, December 31, 1954........................................... FEDERAL Total Mutual savings banks Noninsured Insured Type of change B ranches 1955 u r in g BRANCHES 7,199 6,567 192 184 7,062 6,443 6,965 6,346 3,364 3,056 1,938 1,731 1,663 1,559 N et change during y e a r................................................................. +640 +632 +8 +6 1 9 +619 +308 + 207 + 104 Branches opened for business................................................. Facilities provided as agents of the government4................ Absorbed banks converted into branches.............................. Branches replacing banks relocated or placed in liquida tion or receivership.................................................................. Other branches opened5 ............................................................ Branch restored to count........................................................... 690 20 206 677 19 205 13 668 4 459 1 4 448 1 Branches discontinued............................................................... Facilities......................................................................................... Branches......................................................................................... 50 4 46 47 4 43 3 +2 329 308 234 221 95 87 ! 1 -f171 £1 + 13 +8 1 22 13 9 2 1 2 20 12 1 3 1 1 20 204 664 19 204 11 4 439 4 436 1 1 1 230 1 101 2 105 49 4 45 47 4 43 18 4 14 17 12 2 17 12 2 -2 + 2 -37 + 1 + 1 + 57 -2 + 1 + 1 -1 -1 + 1 + 1 -39 + 51 -18 -1 -1 -7 + 1 + 1 -11 1 46 1 420 1 1 44 1 418 2 1 44 1 412 1 18 1 251 21 5 2 2 1 46 1 414 106 55 2 1 N um ber of offices, December 31, 1955......................................... 21,675 N um ber of offices, December 31, 1954.......................................... 21,160 20,656 20,108 1,019 1,052 20,818 20,324 20,202 19,669 8,056 7,845 3,785 3,598 8,361 8,226 553 591 63 64 + 515 +548 -3 3 +494 +533 + 2 11 + 187 + 135 -38 Offices opened...................................................................... Banks......................................................................................... Branches.......................................................................... 806 116 690 780 103 677 26 13 13 783 115 668 767 103 664 391 28 363 171 4 167 205 71 134 15 12 Q O Offices closed................................................................................... Banks............................................................................................... Branches......................................................................................... 291 241 50 277 230 47 14 11 3 289 240 49 277 230 47 145 127 18 55 38 17 77 65 12 10 +45 +43 +2 -45 -43 -2 +43 +41 +2 -35 +2 -37 + 71 + 14 + 57 +7 +25 -18 -43 -41 _2 1 1 134 2 25 + 7 -1 1 O O J 1 -1 -1 DEPOSITS Changes not involving num ber in any class: Facility transferred as result of bank suspension............... Branches transferred as result of absorption or succession. Sale of branch to another bank................................................ Changes in title, location, or name of location.................... Change in powers......................................................................... 167 2 63 AND Other changes in classification am ong branches........... Branch of national bank succeeding facility of state bank. Branch of national bank succeeding branch of state bank. Branches of insured banks admitted to F. R. System. . . . Branch of insured bank withdrawing from F. R. System .. Facility transferred as result of absorption or succession.. Branches transferred as result of absorption or succession. 3 1 363 15 116 4 3 93 94 OFFICES, 7,391 6,751 N U M BER , N um ber of branches, December 31, 1955................................... N um ber of branches, December 31, 1954................................... 6 6 857 836 454 AZQ ^07 0 7 / _ j - 171 j-z i + 15 +6 i 71 Zo ALL B A N K IN G OFFICES 1X 09 2 2 2 1L A J U 1Q lo A y 11 JL 1 1 I X +2 +2 z 0 BANKS 1 Includes 1 trust company member of the Federal Reserve System, December 31, 1955, and December 31, 1954. 2 Includes 3 mutual savings banks members of the Federal Reserve System, December 31, 1955, and December 31, 1954. 3 Banks in operation at beginning of year, except three which opened noninsured and were admitted to insurance later in the year. 4 Facilities established in or near military installations at request of the Treasury or Commanding Officer of the installation. 6 Includes 1 branch in operation prior to beginning of year but not included in count as of December 31, 1954. g 2 1i 1 *2 15 OPERATING Changes in classification........................................................... Among banks................................................................................. Among branches........................................................................... OF N et change during ye a r.................................................................. i—i O ^ Table 102, 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 in t h e U n i t e d S t a t e s ( C o n t i n e n t a l U . S. a n d O t h e r A r e a s ) , D e c e m b e r 31, 1955 g r o u p e d a c c o r d i n g t o in s u r a n c e s t a t u s a n d c l a s s o f b a n k , a n d b y s t a t e a n d t y p e o f o f f i c e Commercial and stock savings banks and nondeposit trust companies All banks Non In Total sured insured Members F. R . System Total National State Not mem bers F .R .S. Non Banks deposit Total of de trust posit com panies2 Non In sured3 insured f All banks of de posit Com mercial banks Mutual savings banks 8,056 4,692 Jf.,083 609 3,364 3,785 1,847 l,5h0 307 1,938 8,361 6,698 5,886 812 1,663 553 460 US6 2U 93 63 59 57 2 4 857 528 373 155 329 454 220 126 9U 234 403 308 21*7 61 95 95.6 94.6 9U.5 95.5 97.4 97.3 96.6 96.3 98.6 98.7 52.9 41.7 33.8 60.6 70.9 Continental United S tates............. 21,494 All banks............................................... 14,242 Unit banks........................................ 12,853 Banks operating branches.............. 1,889 7,252 Branches............................................... 20,557 13,435 11,629 1,806 7,122 937 20,638 20,103 807 13,715 13,215 72U 11,981 11,503 83 1,7 3U 1,712 6,888 6,923 130 8,055 4,691 U,082 609 3,364 3,785 1,847 l,5h0 307 1,938 8,263 6,677 5,881 796 1,586 477 446 %26 20 31 58 54 52 2 4 856 527 372 155 329 454 220 126 H 234 402 307 2h6 61 95 95.9 94.7 9U.5 95.7 98.2 97.7 96.7 96.U 98.8 99.6 53.0 41.7 33.9 60.6 70.9 181 42 22 20 139 99 22 6 16 77 98 21 5 16 77 76 14 10 U 62 5 5 5 1 1 1 1 1 1 56.3 59.5 35.3 80.0 55.4 56.6 61.1 37.5 80.0 55.4 284 237 221 16 47 284 237 221 16 47 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 106 11 3 8 95 103 10 3 7 93 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 98.4 98.3 98.1 100.0 100.0 98.4 98.3 98.1 100.0 100.0 H t l m r A r p c iQ A ll T^qti Itq TT'M'ii hnyiTfSt . , 82 20 16 -4 62 180 41 21 20 139 99 22 6 16 77 1 1 1 284 237 221 16 47 284 237 221 16 47 112 69 56 13 43 28 25 23 2 3 144 143 1U2 1 1 106 11 3 8 95 103 10 3 7 93 65 3 1 2 62 6 1 32 6 2 A 26 253 228 206 22 25 58 54 50 U 4 State T7<* 3 1 2 ’v; 258 233 211 22 25 253 228 206 22 25 5 5 5 258 233 211 22 25 --- 1 5 17 17 17 178 157 139 18 21 3 1 1 2 4 4 u 1 1 1 CO R PO R ATIO N 1,019 20,818 20,202 827 13,756 13,237 7U0 12,002 11,509 1,7 5 U 1,728 87 6,965 7,062 192 INSURANCE 20,656 13,457 11,635 1,822 7,199 DEPOSIT T otal United S tates............................ 21,675 All banks............................................... 14,284 Unit banks........................................ 12,875 Banks operating branches.............. 1,909 7,391 Branches............................................... FEDERAL Total Insured banks'as percentages of banks.of^deposit1 Noninsured Insured State and type of bank or office Mutual savings banks C alifornia................................. All banks................................ Unit banks......................... Banks operating branches, Branches................................. 1,349 140 96 53 1,212 89 51 1,209 170 165 159 154 160 5 11*9 5 12 9 7 1,361 149 1,349 140 963 57 234 35 152 48 2 96 53 89 51 1,212 1,209 18 17 33 15 3 38 19 906 199 104 11 11 170 165 159 154 18 17 61 60 11 160 5 80 77 71* 3 59 1 1 3 16 1 1 C onnecticut............................ All banks................................ Unit banks......................... Banks operating branches, Branches................................ 293 169 197 92 96 77 201 98 190 87 87 39 51 14 52 34 127 1*2 59 33 68 9 67 31 56 31 105 19 103 v 103 6 8 25 9 124 25 u 48 Delaw are................................... All banks................................ Unit banks......................... Banks operating branches, Branches................................ 71 32 66 30 5 2 68 30 65 29 9 9 23 9 23 7 22 8 22 7 9 2 36 3 38 36 5 39 5 37 18 18 2 38 18 16 13 5 20 11 11 11 10 10 10 2 1 1 1 14 4 54 1 U 13 1 3 10 F lorid a....................................... All banks................................ Unit banks......................... Banks operating branches Branches................................ 250 238 245 233 5 5 250 238 245 233 92 82 226 12 12 221 12 5 226 12 221 12 11 11 11 138 12 12 72 10 G eorgia...................................... AH banks................................ Unit banks......................... Banks operating branches Branches................................ 468 407 410 349 58 58 468 407 410 349 90 51 26 13 294 285 58 58 386 21 328 21 58 386 21 8 5 58 61 61 61 U1 10 279 61 328 21 Id a h o .......................................... All banks................................ Unit banks......................... Banks operating branches Branches................................ 103 36 103 36 103 36 103 36 28 8 28 8 28 8 67 67 28 8 67 Illin o is....................................... All banks................................ Unit banks......................... Banks operating branches Branches................................ 923 919 917 913 6 6 923 919 915 U 909 U 6 915 U 67 4 54 54 12 4 4 142 140 10 39 13 69 11 7 13 9 7 U 2 21 16 U 2 58 4 5 917 913 395 391 127 127 395 395 909 U 387 U 127 395 4 4 1 95.0 89.7 81*.8 100.0 100.0 93.0 93.8 100.0 77.8 92.3 95.6 96.7 100.0 87.5 94.7 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 99.2 99.1 99.1 100.0 100.0 99.2 99.1 99.1 100.0 100.0 87.6 85.7 85.0 100.0 100.0 87.6 85.7 85.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 99.7 99.7 99.7 100.0 100,0 99.7 99.7 99.7 100.0 100.0 7.6 7.0 5.0 18.2 9.5 33.3 50.0 100.0 BANKS 18 5 1 7 31 .. y 67.5 54.8 1*6.8 78.6 84.7 OPERATING 39 8 3 U 2 1 93.5 93.3 93.1 100.0 100.0 OF 71 17 3 U 19 93.5 93.3 93.1 100.0 100.0 DEPOSITS 71 17 3 U 85 66 57 9 99.8 98.6 98.9 98.1 99.9 AND 71 17 3 U 54 60 11 21 3 71 17 District of C o lu m b ia ........... All banks................................ Unit banks......................... Banks operating branches Branches................................ 92 71 99.8 98.6 98.9 98.1 99.9 OFFICES, 5 11*9 5 ^ 5 3 2 1 1 1 N U M BER , Colorado................................... All banks................................ Unit banks......................... Banks operating branches, Branches................................. 1,361 149 Table 102. N u m b er of O p e r a t in g B a n k s and B ranches in th e U n it e d S t a t e s ( C o n t i n e n t a l U. S. and O t h e r A r e a s ), D ecem ber 31,1955— C o n t, GROUPED ACCORDING TO INSURANCE STATUS AND CLASS OF B AN K , AND B Y STATE AND TYPE OF OFFICE Commercial and stock savings banks and nondeposit trust companies All banks NonIn Total sured insured Members F . R . System Total Non Banks deposit Total trust of de com posit panies2 All banks of de posit Com mercial banks 94.1 92.9 91.7 98.3 98.8 94.1 92.9 91.7 98.3 98.8 99 99 99 83.6 83.5 83.5 100.0 100.0 83.6 83.5 83.5 100.0 100.0 14 14 n 96.9 96.2 95.7 100.0 100.0 96.9 96.2 95.7 100.0 100.0 i 99.7 99.4 99.2 100.0 100.0 99.7 99.4 99.2 100.0 100.0 77.7 67.0 64.5 72.4 87.6 89.0 88.1 96.9 77.8 89.4 635 469 390 79 166 8 8 8 639 473 394 79 166 632 466 387 79 166 707 123 97 26 84 131 112 104 8 19 294 231 186 45 63 6 6 6 1 1 1 All banks ................... Unit banks ............... Banks operating branches.............. Branches •. .... 829 667 546 121 162 779 619 500 119 160 50 48 U6 2 2 829 667 546 121 162 779 619 500 119 160 95 95 95 75 71 68 3 4 609 453 337 116 156 49 47 45 2 2 1 1 1 K&I183S All banks . Unit banks . .. Banks operating branches. Branches ................... 603 601 599 2 2 504 502 500 2 2 99 99 99 603 601 599 2 2 504 502 500 2 2 172 170 168 2 2 42 42 42 290 290 290 Kentucky ... ........................ All banks ...................... Unit banks .................... Banks operating branches.............. Branches .................... 451 367 829 88 84 437 353 315 38 84 14 14 U 451 367 329 38 84 437 353 315 38 84 127 89 78 11 38 40 20 14 6 20 270 244 223 21 26 Louisiana ................... All banks ..... .... Unit banks , .......................... Banks operating branches.............. Branches . ........................ 292 175 125 50 117 291 174 124 50 117 1 1 1 292 175 125 50 117 291 174 124 50 117 105 41 25 16 64 23 10 5 5 13 163 123 94 29 40 M aine ...................................................... All banks............................................... Unit banks........................................ Banks operating branches. . ......... Branches............................................... 188 91 62 29 97 146 61 uo 21 85 42 30 22 8 12 154 59 32 27 95 137 52 31 21 85 55 31 22 9 24 40 6 2 4. 34 42 15 7 8 27 4 4 4 3 3 3 1 1 1 i i 17 7 1 6 10 34 32 30 2 2 9 9 9 25 23 21 2 2 75.0 75.0 75.0 CO R P O R A TIO N 99.1 98.7 98.5 100.0 100.0 643 477 398 79 166 Mutual savings banks INSURANCE 98.9 98.5 98.2 100.0 100.0 All banks............................................... Unit banks........................................ Banks operating branches Branches ................. .. In Non sured3 insured DEPOSIT National State Not mem bers F .R .S. FEDERAL Total Insured banks as percentages of banks of deposit1 Noninsured Insured State and type of bank or office Mutual savings banks 26.5 28.1 30.0 66 13 5 8 53 151 81 59 22 70 1 2 34 8 3 5 26 M assachusetts.......................... All banks.................................. Unit banks........................... Banks operating branches. Branches4................................. 695 366 252 11U 329 430 170 105 65 260 265 196 U7 A9 69 439 177 111 66 262 430 170 105 65 260 240 110 79 31 130 121 25 6 19 96 69 35 20 15 34 9 7 6 1 2 256 189 HI U8 67 M ic h ig a n :................................... All banks.................................. Unit banks........................... Banks operating branches. Branches.................................. 796 420 325 95 376 788 412 317 95 376 8 8 8 796 420 325 95 376 788 412 317 95 376 216 76 58 18 140 319 154 12U 30 165 253 182 135 U7 71 3 3 3 5 5 5 M inn esota.................................. All banks.................................. Unit banks........................... Banks operating branches. Branches................................... 687 681 679 2 6 676 670 668 2 6 11 11 11 686 680 678 2 6 675 669 667 2 6 184 178 176 2 6 28 28 28 463 U68 U68 10 10 10 1 1 1 M ississippi................................. All banks.................................. Unit banks........................... Banks operating branches. Branches................................... 295 197 1U8 U9 98 292 194 1U5 U9 98 3 3 3 295 197 1U8 U9 98 292 194 1U5 U9 98 39 27 21 6 12 13 7 6 1 6 240 160 118 U2 80 3 3 8 M issou ri...................................... All banks.................................. Unit banks........................... Banks operating branches. Branches................................... 606 603 600 3 3 588 585 582 3 3 18 18 18 606 603 600 3 3 588 585 582 8 3 78 76 7U 2 2 100 99 98 1 1 410 410 u io 14 14 U M o n ta n a ..................................... All banks.................................. Unit banks........................... Banks operating branches. Branches.................................. 113 113 113 113 113 113 113 113 113 113 113 US 40 40 UO 44 44 U 29 29 29 N ebraska.................................... All banks.................................. Unit banks........................... Banks operating branches. Branches.................................. 421 420 U 9 1 1 380 379 378 1 1 421 420 U9 1 1 380 379 378 1 1 124 123 122 1 1 16 16 16 240 240 2U0 N evad a......................................... All banks.................................. Unit banks........................... Banks operating branches. Branches................................... 35 6 1 5 29 35 6 1 5 29 35 6 1 5 29 35 6 1 5 29 21 3 1 2 18 9 2 5 1 2 7 1 4 41 41 U 3 1 35 35 35 4 4 It 6 6 6 1 1 1 33 7 2 5 26 1 1 1 1 1 1 98.9 98.8 99.1 98.0 99.0 99.1 99.3 100.0 97.8 98.8 256 189 1U1 U8 67 61.8 46.4 U1.7 57.0 78.8 97.9 96.0 91>.6 98.5 99.2 99.6 99.3 99.1 100.0 100.0 99.6 99.3 99.1 100.0 100.0 98.5 98.5 98.5 100.0 100.0 98.5 98.5 98.5 100.0 100.0 99.0 98.5 98.0 100.0 100.0 99.0 98.5 98.0 100.0 100.0 97.7 97.7 97.7 100.0 100.0 97.7 97.7 97.6 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 91.6 91.5 91.5 100.0 100.0 91.6 91.5 91.5 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 97.1 87.5 66.7 100.0 100.0 100.0 100.0 100.0 BANKS 100 57 U2 15 43 OPERATING 317 151 106 U5 166 OF 320 152 106 1*6 168 DEPOSITS 4 2 1 1 2 AND 350 158 108 50 192 OFFICES, 354 160 109 51 194 N U M BER , M aryland .................................... All banks.................................. Unit banks........................... Banks operating branches. Branches................................... Table 102. N u m b e r o f O p e r a t in g B a n k s a n d B r a n c h e s in t h e U n it e d St a t e s ( C o n t in e n t a l U . S. a n d O t h e r A r e a s ), D e c e m b e r grouped a c c o r d in g to in s u r a n c e status and class of bank 35 35 35 78 76 7k 2 2 Total ^anr IftrQPV ...................... All ha nIra .... Unit banks .. ...... Banks opctatinQ bfanchcs PrnnnhPQ ... 595 320 219 101 275 592 317 216 101 275 3 3 3 558 297 203 9L 261 81 51 3k 17 30 81 51 3U 17 30 1,801 638 US8 200 1,163 1,787 628 U31 197 1,159 14 10 7 3 4 546 220 13k 86 326 542 219 131*. 85 323 4 1 178 154 138 16 24 173 149 133 16 24 r<!of*Allno TTm'it Tirt'ViTfSt T^i*qn/* oci Flol/Af"C| Z*() D/v/vi7*a n Twrtwt*np.q 1 3 5 5 5 65 63 61 2 2 tpww 555 294 200 9k 261 Not mem bers F.R .S. 52 51 50 1 1 1 1 1 12 11 10 1 1 323 188 139 k9 135 160 64 32 32 96 72 42 29 13 30 Mutual savings banks 37 25 18 35 18 9 9 17 Non Banks deposit Total trust of de com posit panies2 13 13 13 3 3 3 81 51 3A 17 30 81 51 3k 17 30 12 9 8 7 1 1 1,548 509 376 133 1,039 1,534 499 369 130 1*035 589 304 2k3 61 285 827 139 87 52 688 118 56 39 17 62 10 6 3 3 4 546 220 13 U 86 326 542 219 13k 85 323 101 46 27 19 55 50 7 2 5 43 391 166 105 61 225 4 1 178 154 138 16 24 173 149 133 16 24 38 38 38 2 2 2 133 109 93 16 24 7 31,1955— Cont. o f f ic e Insured banks as percentages of banks of deposit1 1 3 5 5 5 4 4 k Non In sured3 insured 35 34 33 1 1 13 12 11 1 1 37 23 16 7 14 37 23 16 7 14 253 129 62 67 124 253 129 62 67 124 22 22 22 All banks of de posit Com mercial banks Mutual savings banks 69.0 68.1 67.3 100.0 100.0 83.3 82.9 82.k 100.0 100.0 37.1 35.3 33.3 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 99.4 99.1 99.3 98.5 99.7 99.4 98.8 99.2 97.7 99.6 99.3 99.5 100.0 98.8 99.1 99.3 99.5 100.0 98.8 99.1 97.2 96.8 96.k 100.0 100.0 97.2 96.8 96.k 100.0 100.0 100.0 100.0 100.0 100.0 100.0 CORPORATION 78 75 72 3 3 of INSURANCE 113 110 107 3 3 type DEPOSIT ......................................... All banks Unit banks ............. ................ TtnvtTra n'nomliYifl Branches • • ........... and FEDERAL In Non Total sured insured Members F . R. System National State New York .............................................. All banks ....................................... Unit bunks........................................ p/iMI*o t\'f\DTn/itin rivnvL^nfist Branches4 .................... state Noninsured Insured State and type of bank or office TVT/\tir A11 KqtiItq h/rt) IfSi A/n/Jl'/l/'itin "Rtqn/>1ioq by Commercial and stock savings banks and nondeposit trust companies All banks Total , and 336 171 U7 n 165 O k la h om a................................. All banks................................ Unit banks......................... Banks operating branches Branches................................ 388 385 S82 8 3 380 377 374 S 3 8 8 8 388 385 382 3 3 380 377 374 3 3 201 198 195 3 3 25 25 25 O regon....................................... All banks................................ Unit banks......................... Banks operating branches Branches4............................... 195 50 89 11 145 193 48 87 11 145 2 2 2 194 49 38 11 145 192 47 36 11 145 145 13 11 2 132 10 7 6 1 3 37 27 19 8 10 1 1 1 1 1 1 1 1 1 1 1 1 99.5 98.0 97.4 100.0 100.0 1,327 825 688 142 502 1,310 811 671 140 499 17 14 12 2 3 1,289 818 680 138 471 1,272 804 668 136 468 796 522 4U1 81 274 224 93 65 28 131 252 189 162 27 63 14 11 9 2 3 3 3 3 38 7 3 4 31 38 7 3 4 31 98.9 98.7 98.7 98.6 99.4 Rhode Isla n d .......................... All banks................................ Unit banks......................... Banks operating branches Branches................................ 103 18 8 10 85 91 13 5 8 78 12 5 3 2 7 79 10 3 7 69 76 8 * 6 68 43 5 2 8 38 16 1 17 2 2 1 1 1 1 24 8 5 8 16 15 5 3 2 10 South C arolina...................... All banks................................ Unit banks......................... Banks operating branches, Branches................................ 235 149 122 27 86 225 139 112 27 86 10 10 10 235 149 122 27 86 225 139 112 27 86 South D a k o ta ......................... All banks................................ Unit banks......................... Banks operating branches, Branches................................ 225 171 142 29 54 225 171 142 29 54 225 171 142 29 54 T ennessee................................. All banks................................ Unit banks......................... Banks operating branches, Branches................................ 437 299 253 46 138 430 292 246 46 138 7 7 7 T e xas.......................................... All banks................................ Unit banks......................... Banks operating branches, Branches................................ 954 935 915 20 19 918 899 879 20 19 36 36 36 Pennsylvania.......................... All banks................................ Unit banks......................... Banks operating branches, Branches4............................... 3 I............. 3 1 154 154 154 7 7 7 14 3 1 2 11 99.7 99.5 99.4 100.0 100.0 14 3 1 2 11 1 1 1 98.2 98.2 98.2 100.0 100.0 2 15 1 1 86 26 16 10 60 129 106 91 15 23 10 10 10 225 171 142 29 54 58 34 30 4 24 140 110 85 25 30 437 299 253 46 138 430 292 246 46 138 153 77 59 18 76 23 9 7 * 14 254 206 180 26 48 4 4 4 954 935 915 20 19 918 899 879 20 19 465 446 4 26 20 19 134 134 134 319 319 319 36 36 36 9 3 2 1 6 89.2 76.5 714 80.0 91.8 95.7 93.3 91.8 100.0 100.0 100.0 100.0 100.0 100.0 100.0 1 3 3 3 99.1 98.6 98.4 100.0 100.0 96.2 96.1 96.1 100.0 100.0 99.7 99.5 99.4 100.0 100.0 100.0 100.0 100.0 100.0 100.0 98.2 98.2 98.2 100.0 100.0 99.5 97.9 97.8 100.0 100.0 98.9 100.0 100.0 100.0 100.0 98.7 100.0 98.7 98.6 100.0 100.0 100.0 99.4 97.4 88.9 100.0 85.7 98.5 95.7 93.3 91.8 62.5 62.5 60.0 66.7 62.5 100.0 100.0 100.0 100.0 100.0 100.0 100.0 99.1 98.6 98.4 100.0 100.0 96.2 96.1 96.1 100.0 100.0 115 261 1 219 184 1 BANKS 392 230 183 47 162 OPERATING 989 620 514 106 369 OF 992 623 517 106 369 DEPOSITS 3 3 3 AND 1,003 623 515 108 380 OFFICES, 1,006 626 518 108 380 NUMBER, O h io ............................................ All banks................................ Unit banka......................... Banks operating branches Branches................................ 116 Table 102. N u m b e r o f O p e r a t in g B a n k s a n d B r a n c h e s in t h e U n it e d St a t e s (C o n t in e n t a l U. S. a n d O t h e r A r e a s ), D e c e m b e r 31,1955— C o n t. GROUPED ACCORDING TO INSURANCE STATUS AND CLASS OF BAN K, AND BY STATE AND TYPE OF OFFICE Commercial and stock savings banks and nondeposit trust companies All banks Non In Total sured insured Members F. R. System Total 32 7 6 1 25 34 19 13 6 15 30 25 20 5 5 77 62 52 10 15 76 61 51 10 15 39 34 30 1* 5 2 1 1 1 35 26 21 5 9 492 316 237 79 176 492 316 237 79 176 215 132 102 30 83 110 73 57 16 37 167 111 78 33 56 3 3 3 311 103 82 21 208 308 100 79 21 208 217 30 17 13 187 22 12 9 3 10 69 58 53 5 11 3 3 3 177 177 177 4 4 It. 181 181 181 177 177 177 75 75 75 36 36 36 66 66 66 4 4 •4 699 550 1*61 89 149 8 7 6 1 1 703 553 1*63 90 150 696 547 1*58 89 149 110 95 91 U 15 78 71 67 h 7 508 381 300 81 127 4 3 2 1 1 ................. Verm ont All banks Unit banks Banks opcvatinQ bvanchcs Branches 94 69 57 12 25 93 68 56 12 25 A11 Tiiinlrc Unit banks TZn'YilfQ fi*n0rnf'>tYtn hvnnrhps 'Rrii'n AQ 492 316 237 79 176 492 316 237 79 176 320 107 81* 23 213 317 104 81 23 213 181 181 181 707 557 1*67 90 150 ■RronpVtoq W ashington All banks ....................................... Unit banks Banks ojpctatinQ btanchcs Branches4 • •. •• All Unit banks W isconsin............................................... All banks............................................... Unit banks...................................... , Banks opcvatinQ bvanchcs T^ronniloc 1 1 1 1 1 1 17 7 5 2 10 9 4 2 2 5 3 3 3 4 4 U 17 7 5 2 10 9 4 2 2 5 3 3 3 1 1 1 All banks of de posit Com mercial banks 100 0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 99.1 97.2 96.1* 100.0 100.0 99.0 97.0 96.3 100.0 100.0 97.8 97.8 97.8 97.8 97.8 97.8 99.3 99.3 99.1* 98.9 99.3 99.4 99.5 99.6 98.9 99.3 Mutual savings banks 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 75.0 75.0 75.0 CORPORATION 96 51 39 12 45 96 51 39 12 45 TT'Yt'ii Yin'nlfa Non In sured3 insured INSURANCE 96 51 39 12 45 96 51 89 12 45 U tah Non Banks deposit Total trust of de posit com panies2 DEPOSIT National State Not mem bers F .R .S. FEDERAL Total Insured banks as percentages of banks of deposit1 Noninsured Insured State and type of bank or office Mutual savings banks W y o m in g .................................... All banks.................................. Unit banka........................... Banks operating branches. Branches................................... 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 75.0 55.6 33.3 100.0 100.0 75.0 55.5 33.3 100.0 100.0 11.7 60.0 11.7 60.0 60.0 7.3 60.0 7.3 Puerto R ic o ............................... All banks.................................. Unit banks........................... Banks operating branches. Branches4................................. 90.1 70.0 66.7 71.h 93.4 90.1 70.0 66.7 71.U 93.4 Virgin Islands7.......................... All banks.................................. Unit banks........................... Banks operating branches. Branches................................... 80.0 66.7 100.0 100.0 100.0 100.0 Other area 51 DEPOSITS Mariana Island s...................... All banks.................................. Unit banks........................... Banks operating branches. Branches4 ................................ OF Panam a Canal Z o n e ............. All banks.................................. Unit banks.......................... Banks operating branches. Branches4 ................................ OPERATING BANKS 100.0 100.0 1 Percentages are based on totals for all banks, excluding nondeposit trust companies. 2 Includes 1 trust company in Missouri member of the Federal Reserve System. 3 Includes 3 banks members of the Federal Reserve System: 1 in Indiana and 2 in Wisconsin. 4 Includes branches operated by banks located in other states or areas as follows: 1 noninsured branch in Massachusetts operated by a New York bank; 2 insured branches in New York operated by a Puerto Rico bank; 1 insured branch in Oregon operated by a California bank; 1 insured branch in Pennsylvania operated by a New Jersey bank and 1 noninsured branch in Pennsylvania operated by a New York bank; 2 insured branches in Washington operated by a California bank; 3 noninsured branches in the Mariana Islands operated by a California bank; 4 noninsured branches in the Panama Canal Zone operated by 2 New York banks; and 9 insured branches in Puerto Rico operated by 2 New York banks. 5 Includes 6 insured national banks, not members of the Federal Reserve System, s Includes, among noninsured banks, 1 national bank operating 22 branches. ^Includes, among insured banks not members of the Federal Reserve System, 1 national bank operating 1 branch. Back figures: See the Annual Report for 1954, pp. 110-117, and earlier reports. AND Hawaii6........................................ All banks.................................. Unit banks........................... Banks operating branches. Branches................................... OFFICES, Am erican S a m o a .................... All banks.................................. Unit banks........................... Banks operating branches. Branches................................... NUMBER. Alaska5......................................... All banks.................................. Unit banks........................... Banks operating branches. Branches................................... l“-4 l_"t Table 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 in t h e U n i t e d S t a t e s ( C o n t i n e n t a l U . S . a n d O t h e r A r e a s ) , D e c e m b e r 3 1 , 1955 B AN KS GROUPED ACCORDING TO INSURANCE STATUS AND B Y DISTRICT AND STATE Deposits (in thousands of dollars) Number of banks Commercial and stock savings banks and nondeposit trust companies FDIC District and State Noninsured T otal United S ta te s................. Non Banks deposit trust of de compost1 All banks Total In sured Nonin sured Total Insured Nonin sured Total Insured Nonin sured DEPOSIT Total In sured Mutual savings banks FEDERAL All banks1 Commercial and stock savings banks and nondeposit trust companies Mutual savings banks 13,237 460 528 220 308 221,391,573 193,204,839 190,988,628 2,216,211 28,186,734 21.237.020 6,949,714 14,242 13,715 13,215 446 527 220 307 220,435,585 192,249,049 190,506,715 1,742,334 28,186,536 21.237.020 6,949,516 Other areas.......... 42 41 22 14 1 1 955,988 955,790 481,913 473,877 198 FDIC District District 1 ................. District 22............... District 3 ................. District 4 ................. District 5 ................. District 6 ................. District 7 ................. District 8 ................. District 9 ................. District 10 .............. District 11 .............. District 123............. 823 1,003 1,451 1,043 1,079 1,502 1,454 1,586 1,119 1,624 1,172 428 482 848 1,441 1,035 1,079 1,502 1,446 1,586 1,118 1,624 1,172 423 441 831 1.424 1,019 1,013 1,458 1.425 1,532 38 10 14 16 63 36 341 155 10 303 2 16,744 ,356 62,988 ,408 24,145 ,448 10,998 ,537 8,325 638 11,100 ,427 15,749 ,615 18,232 ,212 5,610 ,690 7,690 ,369 13,849 ,539 25,956 ,334 9,220,642 45,314,749 22,272,858 10,507,814 8,325,638 11,100,427 15,674,946 18,232,212 5,378,891 7,690,369 13,849,539 25,636,754 8,956,086 44,702,370 22,223,640 10,354,546 8,293,957 11,061,076 15,652,033 18,115,012 5,245,693 7,534,542 13,745,620 25,104,053 264,556 612,379 49,218 153,268 31,681 39,351 22,913 117,200 133,198 155,827 103,919 532,701 7,523,714 17,673,659 1,872,590 490,723 237 237 237 4,245 2,664 62,618 4,263 C ontinental U .S . 1,465 1,134 393 12 50 15 152 37 17 10 7 11 11 10 233 149 165 233 149 165 228 140 154 1.681.554 754,415 1,044,667 19,128,107 1.598.522 1.681.554 754,415 1,044,667 19,128,107 1.598.522 1,681,554 750,170 1,042,003 19,065,489 1,594,259 Connecticut............ Delaware................. Dist. of Columbia. Florida..................... Georgia.................... 169 32 17 238 407 30 17 238 407 87 29 17 233 349 4,021,885 727,804 1,376,350 3.294.523 2.332.554 2.178.554 610,455 1,376,350 3.294.523 2.332.554 2,149,293 605,194 1,376,350 3,284,743 2,319,735 Idaho........................ Illinois...................... Indiana.................... Iowa......................... Kansas..................... 36 919 477 667 601 36 919 473 667 601 36 913 466 619 502 542,520 15,549,885 4,211,746 2,682,327 2,028,317 542,520 15,549,885 4,156,975 2,682,327 2,028,317 542,520 15,515,476 4,151,369 2,599,536 1,909,454 3 6 47 99 29,261 5,261 685,949 17,580,959 1,872,590 486,098 6,837,765 92,700 14,624 4,625 74,669 60,045 231,799 231,799 319,580 319,580 1,843,331 117,349 106,806 24,847 1,736,525 92,502 54,771 40,773 13,998 CO R PO R ATIO N State Alabama.................. Arizona.................... Arkansas................. California................ Colorado.................. 1,102 38 153 198 9,780 12,819 34,409 5,606 82,791 118,863 INSURANCE 13,756 14,284 367 175 59 152 177 353 174 52 151 170 Michigan.......... Minnesota........ Mississippi Missouri............ Montana.......... 420 681 197 603 113 420 680 197 603 113 Nebraska............ Nevada................ New Hampshire. New Jersey........ New Mexico. . . . 420 6 110 320 51 New York......... North Carolina. North Dakota. . Ohio................... Oklahoma......... 1,993,710 2,571,132 525,437 1,968,229 4,855,663 13,067 862 41,978 111,643 112,305 412 669 194 585 113 7,808,050 3.704.474 1,017,007 5.410.995 701,703 7,808,050 3,472,675 1,017,007 5.410.995 701,703 7,797,252 3,461,445 1,007,925 5.393.593 701,703 10,798 11,230 9,082 17,402 420 6 76 297 51 379 6 63 294 51 1,499,084 290,625 746,781 6,849,632 526,867 1,499,084 290,625 351,760 5.839.263 526,867 1,470,854 290,625 295,773 5,839,249 526,867 28,230 638 509 220 220 499 219 149 620 377 55,058,064 2,446,038 615,294 10,200,430 2,231,143 38,512,321 2,446,038 615,294 9,824,765 2,231,143 1,855,666 13,945,018 1.224.475 853,129 589,219 154 626 385 154 623 385 129 129 315,578 490,723 4,482,130 50,562 486,098 231,799 231,799 55,987 14 395,021 1,010,369 231,525 1,010,369 37,943,958 2,422,299 493,326 9,820,382 2,226,672 568,363 23,739 121,968 4,383 4,471 16,545,743 16,545,743 375,665 375,665 1,825,923 12,448,093 847,403 853,129 589,219 1,816,901 12,403,258 822,378 848,104 589,219 9,022 44,835 25,025 5,025 29,743 1,496,925 377,072 29,743 1,496,925 186,474 110,582 110,582 289,837 289,837 19,898 19,272 50 825 18 149 171 49 818 149 171 47 804 8 139 171 Tennessee............... Texas........................ Utah......................... Vermont.................. Virginia................... 299 935 51 69 316 299 935 51 62 316 51 61 316 2,637,988 9,996,263 820,981 418,124 2,661,049 2,637,988 9.996.263 820,981 307,542 2,661,049 2,631,770 9,897,451 820,981 307,542 2,661,049 6,218 98,812 Washington.......... West Virginia Wisconsin............. Wyoming.............. 107 181 557 53 103 181 553 53 100 177 547 53 2,715,355 1,091,376 3,729,819 333,303 2,425,518 1,091,376 3,709,921 333,303 2.399.593 1,078,515 3,703,412 333,303 25,925 12,861 6,509 10 151,525 1,429 405,712 23,532 20,882 340,138 12,770 151,525 1,429 405,712 23,532 20,882 340,138 12,572 129,118 22,407 1,429 366,886 23,532 20,882 38,741 ' 38,826 198 626 198 1 Includes 19 noninsured banks of deposit (1 in Colorado, 12 in Georgia, 2 in Iowa, and 4 in Texas) for which deposits are not available. 2 Includes Puerto Rico and the Virgin Islands. 8 Includes Alaska, American Samoa, Hawaii, Mariana Islands, and the Panama Canal Zone. 4 Includes deposit data for the following branches of insured banks in continental United States: 3 noninsured branches in the Mariana Islands (2 in Guam and 1 in Saipan); 4 nomnsured branches in the Panama Canal Zone; and 9 insured branches 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 1954, pp. 118-119, and earlier reports. BANKS 301,397 12,572 190,598 OPERATING Other area Alaska........................ American Samoa. . . Hawaii....................... Mariana Islands*. .. Panama Canal Zone4 Puerto Rico4............. Virgin Islands.......... 10 163,496 OF Oregon............... Pennsylvania. . Rhode Island. . South Carolina. South D akota.. 265,016 4,625 4,482,130 DEPOSITS 2,006,777 2.571.994 567,415 2,079,872 4,967,968 23 1 18S AND 2,006,777 2.571.994 882,993 2,570,595 9,450,098 32 8 189 OFFICES, 367 175 91 160 366 NUMBER, Kentucky......... Louisiana.......... Maine................ Maryland......... Massachusetts. 120 A T a b le 1 0 4 . A sse ts and ssets and L ia b il it ie s of O p e r a t in g B a n k s li 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 ite d S ta tes (c o n tin e n ta l U . S . FEDERAL a n d o th e r a r e a s ), J u n e 3 0 , 1 9 5 5 Banks grouped according to insurance status and type of bank T a b le 1 0 5 . A sse ts and 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 ta te s S. (c o n tin e n ta l U . S. DEPOSIT (c o n tin e n ta l U . a n d o th e r a r e a s ), D e c e m b e r 3 1 , 1 9 5 5 Banks grouped according to insurance status and type of hank A sse ts and li 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 ite d S ta te s a n d o th e r a r e a s ), D e c e m b e r 3 1 , 1 9 5 5 Banks grouped by district and State 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 in t h e U n i t e d S t a t e s ( c o n t i n e n t a l U . S . a n d o th e r a r e a s ), D e c e m b e r 3 1 , 1 9 5 5 , J u n e 3 0 , 1 9 5 5 , a n d D e c e m b e r 3 1 , 1 9 5 4 The data in these tables relate to banks operating in the United States (continental U. S. and other areas). Data from the same tabu lations for all operating banks in each State and other area are also shown in the Corporation’s publication, “ Assets, Liabilities, and Capital Accounts, Commercial and Mutual Savings Banks,” as follows: For June 30, 1955 For December 31, 1955 Report No. 43, pp. 4-5. Report No. 44, pp. 4-5. CO R P O R A TIO N T a b le 1 0 7 . INSURANCE T a b le 1 0 6 . 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. Other insured banks: Federal Deposit Insurance Corporation. Noninsured banks: State banking authorities; Rand McNally Rankers Directory; Polk’s Bankers Encyclopedia; and reports from individual banks. BANKS State banks members of the Federal Reserve System: Board of Governors of the Federal Reserve System. OPERATING National banks and State banks in the District of Columbia not members of the Federal Reserve System: Office of the Comptroller of the Currency. OF Individual loan items are reported gross instead of net of valuation reserves. Accordingly, reserves for losses on loans are shown separately. S ou rces o f d a ta LIABILITIES 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. AND 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.” Branches outside the continental United States of insured banks in the United States are treated as separate entities but as in the case of other branches are not included in the count of banks. Data for such branches are not included in the figures for the States in which the parent banks are located. Asset and liability data for nine branches in Puerto Rico of two banks in New York are included with insured bank figures for Puerto Rico and for all insured banks. 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. ASSETS 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. Table 104. A ssets and L ia b il it ie s of O p e r a t in g B a n k s in the U n it e d S t a t e s ( C o n t i n e n t a l U . S. and O t h e r A r e a s ), J u n e 30, 1955 BANKS GROUPED ACCORDING TO INSURANCE STATUS AND TYPE OF BANK (Amounts in thousands of dollars) to to Commercial and stock savings banks and nondeposit trust companies All banks Mutual savings banks Noninsured Asset, liability, or capital account item Total 220,326,911 10,358,836 Banks of deposit 200,303,849 197,565,834 2,530,229 41,201,787 Total Insured Non insured 207,786 30,381,898 22,761,077 7,620,821 Nondeposit trust com panies1 388,755 48,206 988,812 808,409 49,388 1,828 ‘464,627 11,625 12,562 47,151 289,634 5,027 11,963 32,743 41,247 119,120 1,482 533,209 297,582 180,403 2,682,964 17,940,586 10,234,687 39,288 102,498 9,764,803 88,937 1,482 399,463 292,342 133,746 5,240 37,419 26,185 11,234 88,001,536 5,247,035 80,430,593 78,951,432 1,367,028 112,133 12,817,978 68,451,960 13,135,937 5,728,141 685,498 3,762,864 364,967 724,578 394,626 63,539,334 12,844,748 3,586,731 459,780 1,020,664 238,042 80,781 27,541 64,777 23,757 4,044 19,555 8,675,490 656,156 2,865,988 620,344 3,767,874 72,214,824 13,500,904 6,452,719 1,080,124 62,453,893 12,582,949 3,501,906 412,684 9,050,104 5,998,067 552,988 2,226,235 272,814 2,677,423 103,168 639,753 347,530 91,826,835 87,497,152 4,329,683 75,654,994 74,930,595 27,353 16,171,841 12,566,557 3,605,284 81,399 Securities— to ta l..................................................... U . S. Gov’t, obligations (incl. guaranteed). .. Obligations of States and subdivisions............ Other bonds, notes, and debentures................. Corporate stocks.................................................... 93,248,571 Loans and discounts, net— to ta l..................... Valuation reserves...................................................... Loans and discounts, gross— to 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 FH A ........................................... Insured or guaranteed by V A ...................... Not insured or guaranteed by FH A or V A . Other properties................................................... Other loans to individuals................................... Loans to banks.. : : ............. ........... .. .................. All other loans (including overdrafts).............. 1,331,027 1,305,255 25,772 93,157,862 88,802,407 4,355,455 29,081,384 28,867,731 213,653 886,567 3,530,661 2,858,738 1,640,544 36,112,258 874,222 3,465,856 2,834,399 1,594,532 32,325,896 1,321,815 8,361,162 8,577,101 12,528,131+ 5,321*,01+6 697,046 2,136 181,160 23,594 12,747,717 3,628,878 208,302 930 39,617 35,196 4,421 874,222 3,464,296 2,834,399 1,591,377 19,713,060 12,345 64,500 24,339 39,232 207,603 157 1,708 1,560 148 4,519 18,979 5,416 16,172,616 3,155 12,612,836 2.261 3,559,780 1,262,917 1,21*3,322 18,757 838 58,898 1*1+,097 11+,801 1*,361,1*78 3,600,611 7,165,71*0 3,51*8,896 1*,308,937 3,562,1*13 7,086,127 3,512,261 50,1*95 35,696 68,81*0 33,815 2,01*6 2,502 10,773 2,820 3,999,681* 1*,976,1*90 5,362,391* 1,775,150 3,561*,933 3,859,989 3,720,921 1,1*22,896 l+Sl+,751 1,116,501 1,61*1,1*73 352,251+ 29,041,767 28,832,535 12,345 64,805 24,339 46,012 3,786,362 886,567 3,528,953 2,858,738 1,635,128 19,939,642 1,287,1*19 31*,396 7,873,870 7,1+22,1*02 10,807,01*8 1*,935,157 1+87,292 1,151+,699 1,721,086 388,889 3,419,742 3,254,988 1,737,216 144,668 1,373,104 204,754 16,376,595 699,182 16,406,554 418 366 2,014,851 42 27,395 1,126,273 76,054,690 16,577,566 418,448 2,051,696 1,795,346 159,724 1,464,672 1,124,095 1,358 599 3,174 30,183 76,781,267 171,012 82 36,845 16,444,444 418,448 2,027,580 16,333,245 418,366 1,993,190 109,870 82 32,909 1,329 133,122 1,481 24,116 21,661 2,455 164,754 3,016,475 2,918,981 77,400 20,094 403,267 336,007 67,260 1,602,278 142,102 1,174,601 13,624 5,211 58,565 6,545 7,132 6,417 172,899 5,279 225,089 134,938 2,566 198,503 37,961 2,713 26,586 58,130 15,056 91,568 1,622,447 154,445 1,239,583 73,309 59,813 CO R PO R ATIO N 617,364 2,771,901 17,942,068 10,634,150 331,630 102,498 9,790,988 INSURANCE 40,764,826 41,573,235 2,853,300 17,942,068 11,098,777 343,255 115,060 9,838,139 Insured 2,734,180 17,940,586 10,565,568 45,673 115,060 9,800,720 42,190,599 M iscellaneous assets— to ta l............................... Bank premises owned, furniture and fixtures. Other real estate— direct and indirect............. All other miscellaneous assets............................ Total DEPOSIT Cash, balances with other banks, and cash collection item s— to ta l................................ Currency and coin................................................. Reserve with F. R. banks (member banks).. Demand balances with banks in U . S.............. Other balances with banks in U . S................... Balances with banks in foreign countries. . . . Cash items in process of collection................... 230,685,747 Non insured FEDERAL Total a ssets......................................................... Insured 22,761,077 7,620,821 87,043 27,306,762 20,566,201 6,740,561 98,924,533 1,017,075 99,901,459 98,885,201 930,385 85,873 40,149 39,332 817 65,778,435 7,195,179 45,713,016 45,257,057 454,903 1,056 27,260,598 20,521,378 6,739,220 3,148,963 30,554 3,173,502 3,143,472 29,916 114 Governm ent deposits— to ta l............................. United States Government— demand.............. United States Government— time..................... States and subdivisions— demand..................... States and subdivisions— time............................ 18,382,824 5,158,887 352,668 10,351,680 2,519,589 18,072,974 5,090,847 350,392 10,202,458 2,429,277 309,850 68,040 2,276 149,222 90,312 18,358,365 5,155,726 352,583 10,346,808 2,503,248 18,051,430 5,088,649 350,383 10,197,986 2,414,412 306,935 67,077 2,200 148,822 88,836 Interbank and postal savings deposits— to ta 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......................................................... 15,293,595 11,918,203 354,079 1,579,931 1,409,305 32,077 14,839,370 11,808,666 63,390 1,535,162 1,400,718 31,434 454,225 109,537 290,689 44,769 8,587 643 15,291,037 11,917,843 351,881 1,579,931 1,409,305 32,077 14,836,893 11,808,306 61,273 1,535,162 1,400,718 31,434 453,849 109,243 290,608 44,768 8,587 643 295 294 Total deposits.................................................. Demand............................................................ Time.................................................................. 209,771,158 132,129,826 77,61*1,332 200,764,275 130,710,629 70,053,61*6 9,006,883 1,419,197 7,587,686 182,437,379 132,075,269 50,362,110 180, 174,053 130,658,776 49,515,277 2, 175,988 1,330,211 845,777 Miscellaneous liabilities— to ta l........................ Rediscounts and other borrowed money......... All other miscellaneous liabilities...................... 3, 154,662 156,226 2,998,436 2,990,302 138,166 2,852,136 164,360 18,060 146,300 2,863,465 155,726 2,707,739 2,784,366 137,666 2,646,700 66,084 15,051 51,033 T otal liabilities (excluding capital accounts)....................................................... 212,925,820 203,754,577 9, 171,243 185,300,844 182,958,419 Capital accounts— to ta l....................................... Preferred capital.................................................... Common stock........................................................ Surplus...................................................................... Undivided profits and reserves.......................... 17,759,927 70,264 4,528,154 9,055,703 4,105,806 16,572,334 48,891 4,408,378 8,451,182 3,663,883 1, 187,593 21,373 119,776 604,521 441,923 15,003,005 70,264 4,528,154 7,114,952 3,289,635 14,607,415 48,891 4,408,378 6,976,016 3,174,130 Number of banks*.......................................................... 14,350 13,505 845 13,821 13,287 6,015 5,491 524 24,459 3,161 85 4,872 16,341 21,544 2,198 9 4,472 14,865 2,915 963 76 400 1,476 2,558 360 2,198 2,477 360 2,117 81 87,338 86,282 1,056 27,333,779 54,557 27,279,222 20,590,222 51,853 20,538,369 6,743,557 2,704 6,740,853 13,015 3,009 10,006 291,197 500 290,697 205,936 500 205,436 85.261 2,242,072 100,353 27,624,976 20,796,158 6,828,818 288,157 21,373 80,965 99,890 85,929 107,433 1,964,919 (2) 792,003 38,811 39,046 29,576 2,756,922 (2) 1,940,751 816,171 1,475,166 489,753 465,585 326,418 473 61 529 218 311 81 1 85.261 1 Amounts shown as deposits are special accounts and uninvested trust funds, with the latter classified as demand deposits of individuals, partnerships, and corporations. * Not reported separately. Included with “ Undivided profits and reserves.*’ 3 Includes 17 noninsured banks of deposit for which asset and liability data are not available. Back figures: See the Annual Report for 1954, pp. 122-123, and earlier reports. BANKS 30,381,898 1,415,204 OPERATING 207,786 147,285,730 OF 2,530,229 148,787,977 LIABILITIES 197,565,834 8,242,808 AND 200,303,849 167,851,931 230,685,747 ASSETS 220,326,911 10,358,836 Business and personal deposits— to ta l......... 176,094,739 Deposits of individuals, partnerships, and 99,941,608 corporations— demand..................................... Deposits of individuals, partnerships, and corporations— time............................................ 72,973,614 Certified and officers* checks, cash letters of credit and travelers’ checks outstanding, 3,179,517 and amounts due to Federal Reserve banks. T otal liabilities and capital a c c o u n ts............... Table 105. A ssets and L ia b il it ie s of O p e r a t in g B a n k s banks grouped in t h e a c c o r d in g to U n it e d S t a t e s ( C o n t i n e n t a l U . S. in s u r a n c e statu s and type of and O t h e r A r e a s ), D ecem ber 31, 1955 bank 124 (Amounts in thousands of dollars) Commercial and stock savings banks and nondeposit trust companies All banks Mutual savings banks Noninsured Asset, liability, or capital account item Total 243, 105,011 Non insured 180,270 31,274,112 23,458,080 7,816,032 416,689 52,806 37,188 1,865 31,595 143 1,638 1,947 785.480 100,670 1,309 432.481 220,871 179,921 33,944 311,631 7,819 2,948 41,485 965,401 134,614 1,309 562,367 224,363 Banks of deposit 232,602,859 10,502,152 211,830,899 209, 144,779 2,505,850 633,798 88,615 46,559,853 2,683,954 18,721,112 11,732,460 45,208 98,017 13,279,102 Nondeposit trust com panies1 47,979,131 2,873,239 18,722,421 12,638,053 277,533 102,603 13,365,282 47,345,333 2,784,624 18,722,421 12,164,941 266,079 98,017 13,309,251 473,112 11,454 4,586 56,031 47,013,730 2,738,625 18,721,112 12,075,686 53,170 102,603 13,322,534 42,748 30,149 12,599 Securities— to ta l..................................................... U . S. Gov’ t, obligations (incl. guaranteed). .. Obligations of States and subdivisions............ Other bonds, notes, and debentures................. Corporate stocks.................................................... 91,063,728 70,309,691 13,395,431 6,234,204 1,124,402 86,008,652 66,734,713 13,034,895 5,517,344 721,700 5,055,076 3,574,978 360,536 716,860 402,702 78,621,769 61,850,177 12,758,672 3,543,900 469,020 77,240,419 60,876,637 12,500,910 3,441,695 421,177 1,282,902 924,601 231,603 98,403 28,295 98,448 48,939 26,159 3,802 19,548 12,441,959 8,459,514 636,759 2,690,304 655,382 8,768,233 5,858,076 533,985 2,075,649 300,523 3,673,726 2,601,438 102,774 614,655 354,859 Loans and discounts, net— to ta l..................... 100,575,185 1,483,585 Valuation reserves...................................................... Loans and discounts, gross— to ta l................. 102,058,770 33,455,594 Commercial and industrial loans....................... Loans to farmers directly guaranteed by the 1,168,606 Commodity Credit Corporation................ 3,326,487 Other loans to farmers (excl. real estate). . 3,263,182 Loans to brokers and dealers in securities.. 1,815,412 Other loans for carrying securities................ 38,460,919 Real estate loans— total.................................. 1,355,467 Farm land....................................................... Residential properties: 8,709,494 Insured by F H A ........................................ 9,483,106 Insured or guaranteed by V A ................. 13,262,400 Not insured or guaranteed by FH A or V A . 5,650,452 Other properties................................................... 17,403,150 Other loans to individuals................................... 574,723 Loans to banks...................................................... 2,590,697 All other loans (including overdrafts).............. 95,923,415 1,457,247 97,380,662 33,238,262 4,651,770 26,338 4,678,108 217,332 83, 118,526 1,269,957 84,388,483 33,423,420 82,360,421 1,267,677 83,628,098 33,209,723 732,512 2,234 734,746 212,656 25,593 46 25,639 1,041 17,456,659 213,628 17,670,287 32,174 13,562,994 189,570 13,752,564 28,539 3,893,665 24,058 3,917,723 3,635 1,146,742 3,266,323 3,229,525 1,759,572 34,375,911 1,322,578 21,864 60,164 33,657 55,840 4,085,008 32,889 1,168,606 3,324,755 3,263,182 1,797,385 21,004,261 1,296,991 1,146,742 3,264,723 3,229,525 1,744,381 20,767,275 1,278,753 21,864 59,872 33,657 48,407 219,803 17,293 160 1,732 1,600 132 4,597 17,183 945 18,027 17,456,658 58,476 15,191 13,608,636 43,825 2,836 3,848,022 14,651 8,178,227 8,217,482 11,419,564 5,238,060 17,237,082 572,826 2,554,419 531,267 1,265,624 1,842,836 412,392 166,068 1,897 36,278 4,560,085 3,710,583 7,617,449 3,819,153 17,265,859 574,723 2,566,292 4,506,346 3,670,740 7,538,257 3,773,179 17,159,640 572,826 2,533,263 51,840 36,995 70,600 43,075 104,627 1,897 31,963 1.899 2,848 8.592 2.899 1.592 4,149,409 5,772,523 5,644,951 1,831,299 137,291 3.671.881 4,546,742 3,881,307 1.464.881 77,442 477,528 1,225,781 1,763,644 366,418 59,849 1,066 24,405 21,156 3,249 3,486,967 1,898,262 170,529 1,418,176 3,325,459 1,838,983 155,812 1,330,664 161,508 59,279 14,717 87,512 3,076,874 1,719,244 166,240 1,191,390 2,984,086 1,700,036 154,132 1,129,918 73,747 13,571 4,996 55,180 19,041 5,637 7,112 6,292 410,093 179,018 4,289 226,786 341,373 138,947 1,680 200,746 68,720 40,071 2,609 26,040 Miscellaneous assets— to ta l............................... Bank premises owned, furniture and fixtures. Other real estate— direct and indirect............. All FRASER other miscellaneous assets............................ Digitized for 129,886 3,492 CO R P O R A TIO N Gash, balances with other banks, and cash collection item s— to ta l................................ Currency and coin................................................. Reserve with F. R . banks (member banks). . Demand balances with banks in U . S.............. Other balances with banks in U . S ................... Balances with banks in foreign countries. . . . Cash items in process of collection................... INSURANCE Insured Insured DEPOSIT Total Total Insured FEDERAL Total a ssets......................................................... Non insured T otal liabilities and capital accou n ts............... 243,105,011 232,602,859 10,502,152 211,830,899 209,144,779 2,505,850 180,270 31,274,112 23,458,080 7,816,032 179,317,302 8,483,909 159,642,135 158,104,999 1,470,171 66,965 28,159,076 21,212,303 6,946,773 108,365,703 1,068,759 109,394,215 108,326,298 1,002,317 65,600 40,247 39,405 842 67,058,281 7,385,673 46,330,850 45,890,648 438,865 1,337 28,113,104 21,167,633 6,945,471 28 28,989 16,872,662 3,784,425 341,095 10,340,336 2,406,806 16,570,473 3,726,758 339,003 10,182,708 2,322,004 302,189 57,667 2,092 157,628 84,802 Interbank and postal savings deposits— to ta 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....................................................... 16,692,728 13,524,819 267,611 1,548,195 1,320,746 31,357 16,315,786 13,397,581 53,439 1,516,423 1,317,629 30,714 376,942 127,238 214,172 31,772 3,117 643 16,690,042 13,524,484 265,260 1,548,195 1,320,746 31,357 16,313,156 13,397,246 51,144 1,516,423 1,317,629 30,714 376,885 127,238 214,116 31,771 3,117 643 T otal deposits.................................................. Demand............................................................ Time.................................................................. 221,391,573 11*2,562,881 78,827,692 212,225,648 11*1,090,077 71,135,571 9,165,925 1,1+73,801* 7,692,121 193,204,839 11*2,508,725 50,696,111* 190,988,628 11*1,037,1*86 1*9,951,11*2 2,149,245 1,1*05,610 71*3,635 Miscellaneous liabilities— to ta l........................ Rediscounts and other borrowed money......... All other miscellaneous liabilities...................... 3,503,132 174,195 3,328,937 3,362,435 151,618 3,210,817 140,697 22,577 118,120 3,227,858 170,296 3,057,562 3,147,093 150,318 2,996,775 66,539 16,488 50,051 T otal liabilities (excluding capital accounts)....................................................... 224,894,705 5,725 5,265 460 24,972 3,683 86 5,166 16,037 22,087 2,780 10 4,806 14,491 2,885 903 76 360 1,546 2,686 335 2,351 2,630 335 2,295 56 66,966 65,629 1,337 28,186,734 55,156 28,131,578 2 f, 237,020 52,591 21,181*,1*29 6,949,714 2,565 6,91*7,11*9 14,226 3,490 10,736 275,274 3,899 271,375 215,342 1,300 214,042 59,932 2,599 57,333 1 56 1 9,306,622 196,432,697 194,135,721 2,215,784 81,192 28,462,008 21,452,362 7,009,646 18,210,306 71,497 4,635,473 9,327,118 4,176,218 17,014,776 50,124 4,517,265 8,723,412 3,723,975 1,195,530 21,373 118,208 603,706 452,243 15,398,202 71,497 4,635,473 7,340,925 3,350,307 15,009,058 50,124 4,517,265 7,208,545 3,233,124 290,066 21,373 81,427 97,921 89,345 99,078 2,005,718 (2) 806,386 36,781 34,459 27,838 2,812,104 (2) 1,986,193 825,911 1,514,867 490,851 471,326 335,060 Number of banks3........................................................... 14,284 13,457 827 13,756 13,237 460 59 528 220 308 B, 215,588,083 Capital accounts— to ta l....................................... Preferred capital.................................................... Common stock........................................................ Surplus...................................................................... Undivided profits and reserves.......................... OPERATING 3,888,053 305,074 58,570 2,168 157,988 86,348 OF 3,917,070 16,592,560 3,729,538 339,013 10,187,514 2,336,495 LIABILITIES 29,477 16,897,634 3,788,108 341,181 10,345,502 2,422,843 AND 3,893,318 Governm ent deposits— to ta l............................. United States Government— demand.............. United States Government— time..................... States and subdivisions— demand..................... States and subdivisions— time........................... ASSETS Business and personal deposits— to ta l......... 187,801,211 Deposits of individuals, partnerships, and corporations— demand..................................... 109,434,462 Deposits of individuals, partnerships, and 74,443,954 corporations— time............................................ Certified and officers’ checks, cash letters of credit and travelers’ checks outstanding, 3,922,795 and amounts due to Federal Reserve banks. 1 Amounts shown as deposits are special accounts and uninvested trust funds, with the latter classified as demand deposits of individuals, partnerships, and corporations. 2 Not reported separately. Included with “ Undivided profits and reserves.” 8 Includes 19 noninsured banks of deposit for which asset and liability data are not available. Back figures, 1931*-1951*: See the preceding table and the Annual Report for 1954, pp. 124-125, and earlier reports. to Ox Table 106. 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 ( C o n t i n e n t a l U . S. a n d O t h e r A r e a s ) , D e c e m b e r 3 1 , 1955 BANKS GROUPED B Y DISTRICT AND STATE h* OS (Amounts in thousands of dollars) Assets Deposits Cash and due from banks U . S. Gov ernment obligations Other securities Loans, dis counts, and overdrafts Miscel laneous assets Total Business and personal2 Govern ment3 Inter bank4 Miscel laneous liabilities Total capital accounts DEPOSIT Num ber of banks1 FEDERAL FDIC District and State Liabilities and capital accounts T otal United S ta te s ... 14,284 47,979,131 70,309,691 20,754,037 100,575,185 3,486,967 243,105,011 187,801,211 16,897,634 16,692,728 3,503,132 18,210,306 C ontinental U . S___ 14,242 47,801,990 70,050,239 20,670,260 100,054,919 3,425,488 242,002,896 187,088,256 16,671,020 16,676,309 3,455,202 18,112,109 259,452 83,777 520,266 61,479 1,102,115 712,955 226,614 16,419 47,930 98,197 823 1,003 1,451 1,043 1,079 1,502 1,454 1,586 1,119 1,624 1,172 428 2,344,191 12,520,321 5,033,462 2,561,530 2,288,682 3,112,332 3,306,326 4,193,100 1,146,499 2,093,895 4,321,762 5,057,031 5,651,196 16,897,668 7,967,343 3,826,995 2,660,720 3,419,831 6,418,805 6,904,705 1,977,546 2,617,445 3,811,662 8,155,775 1,862,933 6,008,060 2,800,953 977,993 760,168 854,294 1,259,290 1,755,245 550,463 695,283 951,659 2,277,696 8,571,300 33,649,068 10,477,807 4,474,773 3,194,100 4,551,930 5,795,864 6,744,496 2,363,292 2,888,936 5,602,881 12,260,738 227,551 1,263,518 352,933 195,606 129,367 122,002 181,058 140,216 57,875 70,794 274,041 472,006 18,657,171 70,338,635 26,632,498 12,036,897 9,033,037 12,060,389 16,961,343 19,737,762 6,095,675 8,366,353 14,962,005 28,223,246 15,454,491 53,943,722 21,572,945 9,158,545 6,542,210 8,655,067 13,820,230 15,254,926 4,602,916 6,055,828 10,315,010 22,425,321 731,516 2,871,676 1,449,417 1,064,309 1,037,610 977,526 1,407,420 1,426,060 606,759 1,018,415 1,752,810 2,554,116 558,349 6,173,010 1,123,086 775,683 745,818 1,467,834 521,965 1,551,226 401,015 616,126 1,781,719 976,897 204,819 1,573,723 302,212 132,960 86,612 96,604 152,387 145,547 52,267 66,046 139,494 550,461 1,707,996 5,776,504 2,184,838 905,400 620,787 863,358 1,059,341 1,360,003 432,718 609,938 972,972 1,716,451 State Alabama........................ Arizona.......................... Arkansas........................ California...................... Colorado........................ 237 11 233 149 165 452,600 147,506 299,116 3,689,338 415,497 523,987 215,436 313,392 5,994,400 554,459 194,636 68,676 116,495 1,668,333 79,273 634,727 370,079 395,501 9,140,388 669,266 21,678 23,845 10,068 336,789 14,026 1,827,628 825,542 1,134,572 20,829,248 1,732,521 1,374,652 635,954 866,882 16,610,967 1,345,562 201,247 105,002 103,481 1,725,551 137,110 105,655 13,459 74,304 791,589 115,850 13,783 13,785 3,987 473,332 15,005 132,291 57,342 85,918 1,227,809 118,994 Connecticut.................. Delaware....................... District of Columbia.. Florida............................ Georgia.......................... 169 32 17 238 407 560,566 101,314 343,585 899,187 667,229 1,381,979 271,296 473,525 1,218,256 627,410 570,850 113,576 69,927 258,146 156,927 1,866,769 319,454 579,680 1,116,512 1,067,649 61,258 10,118 26,461 58,284 37,391 4,441,422 815,758 1,493,178 3,550,385 2,556,606 3,831,142 675,871 1,237,662 2,527,134 1,831,063 134,983 45,960 45,127 441,242 256,795 55,760 5,973 93,561 326,147 244,696 40,186 6,960 15,234 35,092 32,925 379,351 80,994 101,594 220,770 191,127 Idaho.............................. Illinois............................ Indiana........................... Iowa................................ Kansas............................ 36 919 477 667 601 99,450 3,632,135 956,736 560,965 503,876 201,911 5,975,066 1,827,002 929,639 706,904 28,708 1,498,980 272,544 256,265 247,029 240,988 5,594,424 1,431,692 1,150,072 722,781 6,683 120,045 43,059 20,171 14,871 577,740 16,820,650 4,531,033 2,917,112 2,195,461 451,137 13,020,716 3,594,467 2,234,210 1,498,735 84,304 1,117,965 489,283 308,095 423,816 7,079 1,411,204 127,996 140,022 105,766 2,622 138,495 34,552 7,052 8,123 32,598 1,132,270 284,735 227,733 159,021 C O R PO R AT IO N 177,141 INSURANCE 42 FDIC District District 1 ....................... District 26...................... District 3 . . . . ............... District 4 ....................... District 5 ....................... District 6 ....................... District 7 ....................... District 8 ....................... District 9 ....................... District 10 ..................... District 11..................... District 126................... Other areas. 367 175 91 160 366 568,059 745,634 127,355 479,331 1,357,259 715,379 906,056 334,747 1,012,989 3,180,623 107,417 233,757 122,189 248,244 898,378 779,751 846,844 392,440 1,004,467 5,013,319 17,193 35,586 11,905 64,316 123,019 2,187,799 2,767,877 988,636 2,809,347 10,572,598 1,642,349 1,762,290 825,186 2,255,417 8,544,776 169,600 518,631 46,171 210,523 444,519 194,828 291,073 11,636 104,655 460,803 15,538 37,140 7,347 22,790 131,695 165,484 158,743 98,296 215,962 990,805 Michigan....................... Minnesota..................... Mississippi.................... Missouri......................... Montana........................ 420 681 197 603 113 1,621,204 788,932 269,666 1,480,998 153,053 3,104,312 1,179,759 291,067 1,665,227 260,214 661,211 380,233 150,459 433,375 60,081 2,926,943 1,652,157 375,212 2,235,871 265,522 97,494 38,357 12,014 56,411 8,368 8,411,164 4,039,438 1,098,418 5,871,882 747,238 6,872,086 3,049,395 809,361 4,150,401 586,161 690,889 305,456 138,326 456,541 86,508 245,075 349,623 69,320 804,053 29,034 100,288 38,187 4,812 49,776 6,125 502,826 296,777 76,599 411,111 39,410 Nebraska.. : ................. Nevada.......................... New Hampshire.......... New Jersey................... 420 6 110 320 51 376,435 49,360 88,049 1,112,092 156,567 547,914 118,249 258,681 2,342,973 184,548 135,232 18,868 85,530 956,770 19,816 567,507 120,874 404,707 2,917,214 190,850 12,721 6,019 7,997 107,219 7,043 1,639,809 313,370 844,964 7,436,268 558,824 1,201,699 238,073 704,441 6,268,501 385,862 144,943 50,832 29,458 491,304 124,143 152,442 1,720 12,882 89,827 16,862 16,873 3,785 7,861 64,678 2,852 123,852 18,960 90,322 521,958 29,105 New York..................... North Carolina. . : . . North Dakota.............. Ohio................................ Oklahoma...................... 638 220 154 626 385 11,251,735 626,144 94,124 2,190,014 708,485 14,213,583 700,680 284,758 3,777,772 671,592 4,897,703 294,636 70,935 837,417 212,525 30,154,279 1,030,337 215,720 4,090,056 820,902 1,125,313 36,268 5,448 125,626 25,876 61,642,613 2,688,065 670,985 11,020,885 2,439,380 46,750,676 1,865,692 468,072 8,971,865 1,743,987 2,239,004 284,551 135,885 833,361 259,054 6,068,384 295,795 11,337 395,204 228,102 1,460,251 49,764 4,429 94,863 24,254 5,124,298 192,263 51,262 725,592 183,983 AND Oregon. : ........................ Pennsylvania................ Rhode Island................ South Carolina............ South Dakota............... 50 825 18 149 171 329,797 2,843,448 156,965 227,957 110,390 633,193 4,189,571 377,996 296,041 252,815 191,837 1,963,536 154,504 87,242 39,214 834,559 6,387,751 637,837 305,458 229,893 31,411 227,307 17,813 10,188 5,702 2,020,797 15,611,613 1,345,115 926,886 638,014 1,594,143 12,601,080 1,153,560 696,227 499,288 229,113 616,056 55,870 127,309 78,910 32,410 727,882 15,045 29,593 11,021 27,058 207,349 14,255 6,727 3,526 138,073 1,459,246 106,385 67,030 45,269 Tennessee...................... Texas.............................. U tah................................ 299 935 51 69 316 764,159 3,272,055 191,848 53,997 620,177 725,833 2,505,622 274,923 117,170 874,581 197,007 629,410 48,412 31,482 204,238 1,140,807 4,195,108 355,274 256,228 1,161,303 38,330 207,567 10,752 5,559 43,859 2,866,136 10,809,762 881,209 464,436 2,904,158 1,995,435 7,530,904 644,999 395,386 2,180,644 247,904 1,005,034 122,642 20,515 280,262 394,649 1,460,325 53,340 2,223 200,143 27,303 85,717 7,796 3,475 27,774 200,845 727,782 52,432 42,837 215,335 LIABILITIES 107 181 557 53 575,277 264,336 728,386 89,602 743,463 469,179 1,487,491 136,576 277,772 73,706 325,535 21,224 1,306,510 393,528 1,437,229 108,480 39,741 14,514 40,505 3,300 2,942,763 1,215,263 4,019,146 359,182 2,421,721 922,903 3,353,677 265,845 210,468 116,537 227,248 53,492 83,166 51,936 148,894 13,966 29,772 10,671 17,547 1,791 197,636 113,216 271,780 24,088 18 1 10 29,797 509 85,520 1,350 4,785 53,288 1,892 69,725 963 117,213 12,654 31,112 160,801 1,618 450,793 24,021 20,886 430,203 13,793 99,381 718 343,052 11,135 9,995 240,604 8,070 50,354 661 56,991 12,397 10,803 90,712 4,696 578 16 5,009 489 4 41,671 163 8,698 173 40,072 40,003 8 2,693 13 10,348 14,318 13,239 20,709 159 1,790 50 5,669 1,735 63,013 6,803 45,932 133 206,600 8,353 1,127 253,190 4,931 Wyoming....................... Other area 10 3 84 8,822 4 48,394 860 1 Includes 19 noninsured banks of deposit (1 in Colorado, 12 in Georgia, 2 in Iowa, and 4 in Texas) 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. * Deposits of the United States Government and of States and subdivisions. 4 Interbank deposits and postal savings deposits. 6 Includes Puerto Rico and the Virgin Islands. 8 Includes Alaska, American Samoa, Hawaii, Mariana Islands, and the Panama Canal Zone. 7 Includes asset and liability data for the following branches of insured banks in continental United States: 3 noninsured branches in the Mariana Islands (2 in Guam and 1 in Saipan); 4 noninsured branches in the Panama Canal Zone; and 9 insured branches 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, 191*5-1951*: See the Annual Report for 1954, pp. 126-127, and earlier reports. BANKS American Samoa......... Hawaii........................... Mariana Islands7......... Panama Canal Zone7 Puerto Rico7................. Virgin Islands. . : ......... OPERATING Washington. : : : ........... West Virginia............... OF Virginia.......................... ASSETS Kentucky...................... Louisiana....................... Maine............................. Maryland...................... Massachusetts.............. Table 107. A ssets and L ia b il it ie s of D O p e r a t i n g I n s u r e d B a n k s i n t h e U n i t e d S t a t e s (C o n t i n e n t a l U . S. 31, 1955, J u n e 30, 1955, a n d D e c e m b e r 31, 1954 (Amounts in thousands of dollars) and O t h e r A r e a s ), to 00 ecem ber Insured commercial banks1 All insured banks Insured mutual savings banks Assets June 30, 1955 Dec. 31, 1954 Dec. 31, 1955 June 30, 1955 Dec. 31, 1954 232,602,859 220,326,911 222,569,263 209,144,779 197,565,834 200,588,294 23,458,080 22,761,077 21,980,969 47,345,333 2,784,624 18,722,421 41,573,235 2,771,901 17,942,068 44,067,192 2,570,819 18,734,993 46,559,853 2,683,954 18,721,112 40,764,826 2,682,964 17,940,586 43,235,072 2,471,431 18,733,765 785.480 100,670 1,309 808,409 88,937 1,482 832,120 99,388 1,228 12,164,941 266,079 98,017 13,309,251 10,634,150 331,630 102,498 9,790,988 12,280,362 310,535 118,374 10,052,109 11,732,460 45,208 98,017 13,279,102 10,234,687 39,288 102,498 9,764,803 11,842,267 44,850 118,374 10,024,385 432.481 220,871 399,463 292,342 438,095 265,685 30,149 26,185 27,724 66,734,713 68,451,960 74,237,957 60,876,637 62,453,893 68,120,866 5,858,076 5,998,067 6,117,091 4,212,896 2,322,688 14,072,973 3,696,038 13,107,027 21,488,954 7,208,743 605,712 19,682 3,048,798 1,692,520 16,673,947 3,767,695 10,806,924 23,525,113 8,368,432 545,279 23,252 4,960,450 5,298,918 14,694,348 3,804,641 12,686,271 24,121,214 8,509,786 135,614 26,715 4,112,240 2,295,833 13,878,904 2,493,775 12,908,772 20,529,312 4,364,924 282,548 10,329 3,001,321 1,667,331 16,504,965 2,542,136 10,634,538 22,512,074 5,305,282 270,955 15,291 4,907,080 5,282,353 14,544,500 2,557,883 12,486,186 22,978,695 5,286,088 56,842 21,239 100,656 26,855 194,069 1,202,263 198,255 959,642 2,843,819 323,164 9,353 47,477 25,189 168,982 1,225,559 172,386 1,013,039 3,063,150 274,324 7,961 53,370 16,565 149,848 1,246,758 200,085 1,142,519 3,223,698 78,772 5,476 Other securities— to ta l.............. ..................................... Obligations of States and subdivisions. . : ................... Other bonds, notes, and debentures............................. Corporate stocks: Federal Reserve banks.................................................. Other corporate stocks.................................................. 19,273,939 13,034,895 5,517,344 19,549,576 13,135,937 5,728,141 19,082,849 12,896,494 5,549,123 16,363,782 12,500,910 3,441,695 16,497,539 12,582,949 3,501,906 16,020,905 12,387,053 3,241,610 2,910,157 533,985 2,075,649 3,052,037 552,988 2,226,235 3,061,944 509,441 2,307,513 302,678 419,022 295,144 390,354 287,518 349,714 302,608 118,569 295,075 117,609 287,450 104,792 70 300,453 69 272,745 68 244,922 T otal securities........................................................ 86,008,652 88,001,536 93,320,806 77,240,419 78,951,432 84,141,771 8,768,233 9,050,104 9,179,035 Total assets................................................................................ Cash, balances with other banks, and cash col lection item s— to ta l................................................... 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................................ Obligations of the U . S. Governm ent, direct and guaranteed— to ta l...................................................... Direct: Treasury bills................................................................... Treasury certificates of indebtedness........................ Treasury notes................................................................ United States non-marketable bonds........................ Other bonds maturing in 5 years or less.................. Other bonds maturing in 5 to 10 years.................... Other bonds maturing in 10 to 20 years.................. Other bonds maturing after 20 years........................ Guaranteed obligations (FHA debentures)................. CO R PO R ATIO N Dec. 31, 1955 INSURANCE Dec. 31, 1954 DEPOSIT June 30, 1955 FEDERAL Dec. 31, 1955 70,341,295 1,070,973 71,412,268 13,562,994 189,570 13,752,564 12,566,557 181,160 12,747,717 11,651,115 175,411 11,826,526 33,238,262 28,867,731 26,858,847 33,209,723 28,832,535 26,823,376 28,539 35,196 35,471 1,146,742 874,222 2,234,381 1,146,742 874,222 2,234,381 3,266,323 3,229,525 3,465,856 2,834,399 2,894,076 2,906,509 3,264,723 3,229,525 3,464,296 2,834,399 2,892,563 2,906,509 1,600 1,560 1,513 1,759,572 34,375,911 1,822,578 1,594,532 32,325,896 1,287,419 1,505,776 30,047,263 1,181,968 1,744,381 20,767,275 1,278,753 1,591,377 19,713,060 1,248,822 1,502,690 18,347,430 1,139,804 15,191 13,608,636 48,825 3,155 12,612,836 44,097 3,086 11,699,833 42,664 8,178,227 8,217,482 11,419,564 5,288,060 17,237,082 572,826 2,554,419 7,873,870 7,422,402 10,807,048 4,935,157 16,406,554 418,366 2,014,851 7,453,776 6,558,085 10,211,454 4,641,980 14,789,580 239,932 1,762,430 4,506,346 3,670,740 7,538,257 8,778,179 17,159,640 572,826 2,533,263 4,308,937 8,562,413 7,086,127 8,512,261 16,333,245 418,366 1,993,190 4,052,582 8,311,980 6,614,370 3,229,244 14,720,160 239,932 1,745,227 8.671.881 4,546,742 3,881,807 1.464.881 77,442 3,564,983 8,859,989 8,720,921 1,422,896 73,309 3,401,194 8,246,155 3,597,084 1,412,786 69,420 ’ * ’ ‘ 21,156 .........21,661 ........ 17,203 181,932,067 175,498,688 175,313,216 159,600,840 153,882,027 154,483,066 22,331,227 21,616,661 20,830,150 1,994,795 1,480,921 358,062 37,731 1,881,884 1,393,921 343,295 31,958 1,776,857 1,328,833 322,326 27,393 1,854,168 1,349,122 350,914 36,051 1,744,380 1,265,259 337,019 29,392 1,646,516 1,205,790 316,830 25,591 140,627 131,799 7,148 1,680 137,504 128,662 6,276 2,566 130,341 123,043 5,496 1,802 118,081 112,710 98,305 118,081 112,710 98,305 1,330,664 426,937 487,055 61,016 355,656 1,373,104 440,311 488,062 83,074 361,657 1,411,998 583,099 456,970 55,526 316,403 1,129,918 426,937 394,103 55,739 253,139 1,174,601 440,311 400,404 75,974 257,912 1,223,640 583,099 374,497 50,644 215,400 200,746 198,503 188,358 92,952 .........87,658 5,277 7,100 102,517 103,745 ........ 82,473 4,882 101,003 20.4% 28.7 8.3 41.2 1.4 7.3 18.9% 31.0 8.9 39.7 1.5 7.5 19.8% 33.4 8.6 36.8 1.4 7.3 22.3% 29.1 7.8 39.4 1.4 7.2 20.6% 31.6 8.4 37.9 1.5 7.4 21.5% 34.0 8.0 35.1 1.4 7.1 3 .3 % 25.0 12.4 57.8 1.5 8.6 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...................................................... 3.8% 27.8 13.9 53.0 1.5 8.7 129 3.5% 26.4 13.4 55.2 1.5 8.6 BANKS 74,930,595 1,124,095 76,054,690 OPERATING 82,360,421 1,267,677 83,628,098 OF Miscellaneous assets— to ta l........................................... Customers’ liability on acceptances outstanding. . . . Income accrued but not collected.................................. Prepaid expenses................................................................. Other assets......................................................................... 81,992,410 1,246,384 83,238,794 LIABILITIES Bank premises, furniture and fixtures, and other real estate— to ta l........................................................ Bank premises..................................................................... Furniture and fixtures........................... ........................... Real estate owned other than bank premises............. Investments and other assets indirectly representing bank premises or other real estate............................ 87,497,152 1,305,255 88,802,407 AND T otal loans and securities.................................. 95,923,415 1,457,247 97,380,662 ASSETS Loans and discounts, net— to ta l.................................. Valuation reserves.................................................................. Loans and discounts, gross— to ta l.............................. Commercial and industrial loans (including open market paper)................................................................. Loans to farmers directly guaranteed by the Com modity Credit Corporation......................................... Other loans to farmers (excluding loans on real estate) ............................................................................... Loans to brokers and dealers in securities................... Other loans for the purpose of purchasing or carrying securities........................................................................... Real estate loans— total................................................... Farm land......................................................................... Residential properties: Insured by F H A ......................................................... Insured or guaranteed by V A .................................. Not insured or guaranteed by FH A or V A ........... Other properties................................................................ Other loans to individuals................................................ Loans to banks.................................................................... All other loans (including overdrafts).......................... 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 in t h e U n i t e d S t a t e s ( C o n t i n e n t a l U . S . a n d O t h e r A r e a s ) , D e c e m b e r 31, 1955, J u n e 30, 1955, a n d D e c e m b e r 31, 1954— Continued (Amounts in thousands of dollars) All insured banks Insured commercial banks1 Insured mutual savings banks Liabilities and capital June 30, 1955 Dec. 31, 1954 Dec. 31, 1955 June 30, 1955 Dec. 31, 1954 232,602,859 220,326,911 222,569,263 209,144,779 197,565,834 200,588,294 23,458,080 22,761,077 21,980,969 Business and personal deposits— to ta l...................... 179,317,302 Deposits of individuals, partnerships, and cor porations— demand........................................................ 108,365,703 Deposits of individuals, partnerships, and cor porations— time.............................................................. 67,058,281 Certified and officers' checks, cash letters of credit and travelers’ checks outstanding, and amounts due to Federal Reserve banks..................................... 3,893,318 167,851,931 170,037,691 158,104,999 147,285,730 150,177,045 21,212,303 20,566,201 19,860,646 98,924,533 102,755,402 108,326,298 98,885,201 102,715,265 39,405 39,332 40,137 65,778,435 64,091,963 45,890,648 45,257,057 44,276,220 21,167,633 20,521,378 19,815,743 3,148,963 3,190,326 3,888,053 3,143,472 3,185,560 5,265 5,491 4,766 Governm ent deposits— to ta l. . ; ...........; ....................... United States Government— demand........................... United States Government— time.................................. States and subdivisions— demand.................................. States and subdivisions— time........................................ 16,592,560 3,729,538 339,013 10,187,514 2,336,495 18,072,974 5,090,847 350,392 10,202,458 2,429,277 16,739,173 4,181,378 347,195 9,811,119 2,399,481 16,570,473 3,726,758 339,003 10,182,708 2,322,004 18,051,430 5,088,649 350,383 10,197,986 2,414,412 16,717,221 4,178,286 347,184 9,807,800 2,383,951 22,087 2,780 10 4,806 14,491 21,544 2,198 9 4,472 14,865 21,952 3,092 11 3,319 15,530 Interbank and postal savings deposits— to ta 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.. ; ................................................................ 16,315,786 13,397,581 53,439 1,516,423 1,317,629 30,714 14,839,370 11,808,666 63,390 1,535,162 1,400,718 31,434 16,417,667 13,398,448 77,024 1,497,722 1,412,924 31,549 16,313,156 13,397,246 51,144 1,516,423 1,317,629 30,714 14,836,893 11,808,306 61,273 1,535,162 1,400,718 31,434 16,414,957 13,398,097 74,665 1,497,722 1,412,924 31,549 2,630 335 2,295 2,477 360 2,117 2,710 351 2,359 T otal deposits............................................................... Demand......................................................................... Time............................................................................... 212,225,648 1 U ,090,077 71,135,571 200,764,275 130,710,629 70,053,6^6 203,194,531 13^,83^,395 68,360,136 190,988,628 1U1,037,U86 U9,951,11*2 180,174,053 130,658,776 1*9,515,277 183,309,223 13^,782,730 J+8,526,1*93 21,237,020 52,591 21,18U,h29 20,590,222 51,853 20,538,369 19,885,308 51,665 19,833,61+3 Miscellaneous liabilities— to ta l..................................... Bills payable, rediscounts, and other liabilities for borrowed money............................................................. Acceptances outstanding.................................................. Dividends declared but not yet payable...................... Income collected but not earned.................................... Expenses accrued and unpaid......................................... Other liabilities.................................................................... 3,362,435 2,990,302 3,176,449 3,147,093 2,784,366 3,000,402 215,342 205,936 176,047 151,618 456,058 104,954 781,944 796,940 1,070,921 138,166 461,609 93,473 684,317 629,056 983,681 22,937 611,820 94,891 589,287 967,362 890,152 150,318 456,058 94,243 766,686 787,582 892,206 137,666 461,609 73,421 671,845 614,622 825,203 22,887 611,820 90,344 576,723 955,679 742,949 1,300 500 50 10,711 15,258 9,358 178,715 20,052 12,472 14,434 158,478 4,547 12,564 11,683 147,203 T otal liabilities (excluding capital accounts). 215,588,083 203,754,577 206,370,980 194,135,721 182,958,419 186,309,625 21,452,362 20,796,158 20,061,355 T otal liabilities and capital accou n ts............................ CO R PO R ATIO N Dec. 31, 1955 INSURANCE Dec. 31, 1954 DEPOSIT June 30, 1955 FEDERAL Dec. 31, 1955 17,014,776 4,567,389 8,723,412 3,143,900 580,075 16,572,334 4,457,269 8,451,182 3,098,021 565,862 16,198,283 4,286,916 8,299,672 3,019,315 592,380 15,009,058 4,567,389 7,208,545 2,776,533 456,591 14,607,415 4,457,269 6,976,016 2,724,922 449,208 14,278,669 4,286,916 6,856,548 2,653,218 481,987 Pledged assets and securities loaned......................... 21,972,415 22,411,309 21,622,201 21,972,415 22,411,309 21,622,201 Capital stock, notes, and debentures: Par or face value— to ta l............................................... Common s t o c k .............................................................. Capital notes and debentures..................................... Preferred stock ............................ .......................... 4,570,999 4,517,665 33,001 20,333 4,461,019 4,408,878 27,929 24,212 4,291,136 4,238,667 28,105 24,364 4,567,789 4,517,665 29,791 20,333 4,457,769 4,408,878 24,679 24,212 4,287,416 4,238,667 24,385 24,364 Retirable value of preferred stock................................. 30,884 46,440 49,181 30,884 46,440 49,181 Number of banks....................................................................... 13,457 13,505 13,541 13,237 13,287 13,323 Capital accounts— to ta l................................................... Capital stock, notes, and debentures........................... Undivided profits................................................................ 2,005,718 (2) 1,514,867 367,367 123,484 1,964,919 (2) 1,475,166 373,099 116,654 1,919,614 (2) 1,443,124 366,097 110,393 M EM OR AND A 3,720 220 218 218 LIABILITIES 3,720 3,250 AND OF OPERATING BANKS 3,250 ASSETS 1 Includes stock savings banks. 2 Not reported separately. Included with “ Reserves.” Back figures, 193U-195U: See the Annual Report for 1954, pp. 128-131, and earlier reports. 3,210 3,210 00 E a r n in g s , E x p e n s e s , a n d D iv id e n d s of Insured B anks Table 108. Earnings, expenses, and dividends of insured commercial banks in the United States (continental U. S. and other areas), 1947-1955 Table 109. Ratios of earnings, expenses, and dividends of insured commercial banks in the United States (continental U. S. and other areas), 1947-1955 Table 110. Earnings, expenses, and dividends of insured commercial banks in the United States (continental U. S. and other areas), 1955 By class of bank Table 111. Ratios of earnings, expenses, and dividends of insured commercial banks in the United States (continental U. S. and other areas), 1955 By class of bank Table 112. Earnings, expenses, and dividends of insured commercial banks operating through out 1955 in the United States (continental U. S. and other areas) Banks grouped according to amount of deposits Table 113. Ratios of earnings, expenses, and dividends of insured commercial banks operating throughout 1955 in the United States (continental U. S. and other areas) Banks grouped according to amount of deposits Table 114. Earnings, expenses, and dividends of insured commercial banks in the United States (continental U. S. and other areas), by State, 1955 Table 115. Income, expenses, and dividends of insured mutual savings banks, 1951-1955 Table 116. Ratios of income, expenses, and dividends of insured mutual savings banks, 1951-1955 Commercial banks Reports of earnings, expenses, and dividends are submitted to the Federal supervisory agencies on either a cash or an accrual basis. Earnings data are included for all insured banks operating at the end of the respective years, unless indicated otherwise. In addition, appro priate adjustments have been made for banks in operation during part of the year but not at the end of the year. Data for 9 insured branches in Puerto Rico of insured banks in New York are not available. The uniform report of earnings and dividends for commercial 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. Averages of assets and liabilities shown in Tables 108-111 and 114 are based upon figures at the beginning, middle, and end of each year, as reported by banks operating on those dates, adjusted to exclude asset and liability figures for insured branches in Puerto Rico of insured banks in New York. 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 significantly. Some further in comparability is also introduced into the data by class of bank by shifts between those classes during the year. Assets and liabilities shown in Table 112, and utilized for computation of ratios shown in Table 113, are for the identical banks to which the earnings data pertain. The assets and liabilities are as of December 31, 1955. Mutual savings banks A uniform report of income, expenses, and dividends for mutual sav ings banks was adopted by the Corporation for the calendar year 1951. Summaries of these reports for 1951-1955 are given in Tables 115 and 116. Data prior to 1951 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 discussion of the history and principles of this uniform report see pp. 50-52 in Part Two of the 1951 Annual Report. Sources of 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. Table 108. 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 in t h e U n i t e d S t a t e s ( C o n t i n e n t a l U . S. a n d O t h e r A r e a s ) , 1947-1955 (Amounts in thousands of dollars) Earnings or expense item 1947 1948 1949 1950 1951 1952 1953 ^ 1954 1955 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 4,931,688 1,099,059 276,993 2,742,100 42,295 244,696 5,483,954 1,206,965 297,739 3,107,885 47,850 271,444 5,773,787 1,272,731 324,823 3,205,894 57,550 311,806 6,377,705 1,333,690 351,041 3,625,528 71,048 339,975 FEDERAL 97,264 144,734 166,794 97,456 156,678 178,016 95,420 160,430 182,030 104,602 180,674 184,445 116,140 192,313 198,593 121,868 204,967 199,713 132,978 217,996 201,101 144,140 246,223 210,621 155,004 281,841 219,579 Current operating expenses— to ta l........................... Salaries— officers............................................................... Salaries and wages— employees.................................... Fees paid to directors and members of executive, discount, and other committees............................... Interest on time and savings deposits........................ Interest and discount on borrowed money............... Taxes other than on net income................................... Recurring depreciation on banking house, furniture and fixtures.................................................................... Other current operating expenses................................ 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 3,028,575 530,035 965,197 3,375,552 582,405 1,069,890 3,638,087 622,862 1,139,013 3,960,173 666,152 1,229,756 DEPOSIT 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 30,871 458,059 20,921 139,290 34,591 534,493 24,171 148,783 37,197 618,341 8,556 166,452 39,563 678,237 23,093 176,840 42,276 569,000 48,271 623,767 53,988 651,219 59,469 683,159 65,845 726,707 74,953 809,252 84,085 897,137 94,720 950,945 108,306 1,038,228 N et current operating earnings.................................. 1,115,883 1,240,072 1,323,153 1,486,164 1,694,100 1,903,112 2,108,398 2,135,700 2,417,533 Losses, charge-offs, and transfers to reserve accounts— to ta l......................................................... On securities: Losses and charge-offs................................................ } Transfers to reserve accounts................................... On loans: Losses and charge-offs................................................ } Transfers to reserve accounts................................... DigitizedAll forother.............................................................................. FRASER 266,439 213,187 245,461 169,233 144,146 152,373 631,496 239,598 f \ 29,221 24,161 60,025 16,412 26,672 73,196 14,718 38,639 90,469 15,292 12,285 56,563 11,191 20,492 33,806 11,454 27,545 38,865 14,912 60,555 416,520 20,586 39,930 57,085 f \ 39,748 48,934 64,350 23,142 28,220 45,546 28,506 29,971 43,157 22,595 28,453 34,046 22,004 27,330 29,324 28,423 18,292 27,794 34,014 57,965 47,530 27,379 50,899 43,722 262,042 45,360 100,189 67,687 48,806 485,753 379,824 366,932 395,687 362,444 448,323 552,606 707,155 118,498 f \ 78,590 40,941 38,671 33,044 38,721 54,518 83,756 31,680 97,512 29,531 155,969 54,160 66,670 126,173 221,232 67,276 120,370 55,418 ( \ 32,393 278,666 55,163 29,064 221,167 57,878 23,030 191,248 59,414 21,215 204,202 54,836 23,637 154,510 57,253 31,774 132,127 74,291 29,269 222,998 107,497 28,159 303,600 86,886 294,286 CO R PO R ATIO N Recoveries, transfers from reserve accounts, and profits— to ta l..................................................... On securities: Recoveries...................................................................... | Transfers from reserve accounts.............................. Profits on securities sold or redeemed.................... On loans: Recoveries...................................................................... J Transfers from reserve accounts.............................. All other.............................................................................. INSURANCE Current operating earnings— to ta l........................... Interest on U . S. Government obligations................ Interest and dividends on other securities................ Interest and discount on loans..................................... Service charges and fees on bank’s loans................... Service charges on deposit accounts............................ Other service charges, commissions, fees, and collection and exchange charges............................... Trust department............................................................. Other current operating earnings................................. 1,083,639 1,020,758 1,156,514 1,364,690 1,467,645 1,684,813 1,812,451 2,214,591 1,949,976 302,242 283,046 19,196 275,422 258,490 16,932 325,148 304,572 20,576 427,776 402,582 25,194 559,475 530,810 28,664 694,883 662,277 32,606 786,490 750,796 35,693 907,560 862,065 45,495 793,737 753,883 39,855 N et profits after incom e taxes..................................... 781,397 745,336 831,364 936,915 908,175 989,931 1,025,963 1,307,032 1,156,240 Dividends and interest on capital— to ta l.............. Dividends declared on preferred stock and interest on capital notes and debentures.............................. Cash dividends declared on common stock.............. 315,215 331,833 354,144 391,249 418,860 441,971 473,866 516,977 566,124 5,981 309,234 5,230 326,603 5,093 349,052 4,333 386,916 3,876 414,984 3,675 438,298 2,979 470,888 2,912 514,066 2,581 563,543 N et additions to capital from profits...................... 466,182 413,503 477,220 545,666 489,315 547,961 552,097 790,055 590,118 M em oranda 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.............................................................................. 0) 0) 7,224 10,844 2,600 19,645 3,565 223,507 2,363 28,477 4,355 31,508 2,232 33,612 3,154 40,384 3,146 39,794 0) (x) 18,031 46,487 6,104 72,978 6,324 257,733 17,725 64,735 25,598 64,607 38,480 89,186 15,841 89,495 68,140 88,417 AND 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 2,034,346 179,803,463 42,952,808 61,065,059 13,562,462 59,999,743 2,223,391 185,685,283 43,192,523 60,868,295 14,082,070 65,213,144 2,329,251 193,339,614 42,976,798 64,372,065 15,209,165 68,148,039 2,633,547 202,331,676 43,510,745 63,808,049 16,294,075 75,800,688 2,918,119 DIVIDENDS Liabilities and capital— to ta l...................................... 148,170,261 Total deposits.................................................................... •137,537,907 Demand deposits............................................................ 103,159,254 Time and savings deposits........................................... 34,378,653 Borrowings and other liabilities.................................. 1,104,386 Total capital accounts.................................................... 9,527,968 150,726,513 139,517,461 104,195,063 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 36,446,656 1,710,204 11,007,396 169,207,394 155,460,465 118,189,171 37,271,294 2,131,162 11,615,767 179,803,463 165,031,495 125,213,842 39,817,653 2,501,055 12,270,913 185,685,283 170,075,888 127,028,332 43,047,556 2,667,917 12,941,478 193,339,614 176,865,497 130,023,191 46,842,306 2,712,778 13,761,339 202,331,676 184,734,232 135,422,891 49,311,341 2,965,764 14,631,680 69,439 296,308 71,566 312,324 73,806 334,961 76,754 358,325 79,574 376,750 82,167 386,625 84,931 408,791 Number of banks, December 3 1 ....................................... 13,403 13,419 13,436 13,446 13,455 13,439 13,432 13,323 13,237 Note: Due to rounding differences, data for 1949 through 1955 may not add precisely to the indicated totals. 1 Not available. 2 Revised. * Asset and liability items are averages of figures reported at beginning, middle, and end of year. Back figures, 1934-1946: See the following Annual Reports: 1950, pp. 250-251, and 1941, pp. 158-159. BANKS 67,609 292,015 INSURED 65,740 284,072 OF Number of active officers, December 3 1 ........................ Number of other employees, December 3 1 ................... EXPEN SES, Average assets and liabilities3 Assets— to ta l........................................................................ Cash and due from banks.............................................. United States Government obligations...................... Other securities................................................................. Loans and discounts........................................................ All other assets.................................................................. E AR N IN G S, N et profits before incom e taxes.................................. Taxes on n et income— to ta l......................................... Federal................................................................................ State..................................................................................... qj\ Table 109. R E a r n in g s , E x p e n s e s , a n d D iv id e n d s o f I n s u r e d C o m m e r c ia l B a n k s U n i t e d S t a t e s (C o n t i n e n t a l U. S . a n d O t h e r A r e a s ), 1947-1955 a t io s of Earnings or expense item 1955 1954 1953 1952 1951 1950 1949 1948 I—* oo 05 th e $100.00 25.83 5.74 51.08 5.40 $100.00 22.38 5.68 55.17 5.24 $100.00 22.29 5.62 56.46 4.96 $100.00 22.01 5.43 57.55 4.95 $100.00 22.04 5.63 56.52 5.40 $100.00 20.91 5.51 57.96 5.33 3.14 10.06 2.86 9.83 2.65 9.49 2.66 9.29 2.64 8.89 2.47 8.20 2.42 7.64 2.50 7.91 2.43 7.86 Current operating expenses— to ta l........................... Salaries, wages, and fees................................................ Interest on time and savings deposits........................ Taxes other than on net income................................... Recurring depreciation on banking house, furniture and fixtures.................................................................... Other current operating expenses................................ 63.98 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 61.41 30.95 9.29 2.82 61.55 30.76 9.75 2.71 63.01 31.16 10.71 2.88 62.09 30.35 10.63 2.77 1.36 18.46 1.42 18.43 1.50 18.15 1.51 17.49 1.50 16.75 1.52 16.83 1.53 16.80 1.64 16.62 1.70 16.64 N et current operating earnings.................................. 36.02 36.43 36.68 37.81 38.54 38.59 38.45 36.99 37.91 2.09 1.34 .75 2.26 1.44 .82 2.38 1.51 .87 2.47 1.54 .93 2.60 1.60 1.00 2.74 1.68 1.06 2.96 1.82 1.14 2.98 1.88 1.10 3.15 1.96 1.19 A m ounts 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........................................... A m ounts per $100 of total capital ac counts1 Net current operating earnings......................................... Recoveries, transfers from reserve accounts, and Losses, charge-offs, and transfers to reserve ac counts— total..................................................................... Net profits before income taxes........................................ Taxes on net income............................................................ Net profits after income taxes........................................... Cash dividends declared...................................................... Net additions to capital from profits.............................. .18 .18 .14 .16 .10 .08 .08 .33 .12 .20 .73 .53 .32 .68 .49 .25 .76 .55 .23 .86 .59 .23 .87 .54 .20 .94 .55 .24 .98 .55 .28 1.15 .68 .35 .96 .57 11.71 12.46 12.70 13.50 14.58 15.51 16.29 15.52 16.52 2.75 2.68 2.04 2.23 1.46 1.17 1.18 4.59 1.34 3.09 11.37 3.17 8.20 3.31 4.89 4.88 10.26 2.77 7.49 3.33 4.16 3.64 11.10 3.12 7.98 3.40 4.58 3.33 12.40 3.89 8.51 3.55 4.96 3.41 12.63 4.81 7.82 3.61 4.21 2.95 13.73 5.66 8.07 3.60 4.47 3.46 14.01 6.08 7.93 3.66 4.27 4.02 16.09 6.59 9.50 3.76 5.74 4.83 13.33 5.43 7.90 3.87 4.03 CO R PO R ATIO N $100.00 28.10 5.59 48.79 5.38 INSURANCE $100.00 29.62 5.57 47.01 5.11 DEPOSIT $100.00 34.85 5.79 41.39 4.77 FEDERAL A m ou n ts per $100 of current operating earnings Current operating earnings— to ta l........................... Interest on U . S. Government obligations................ Interest and dividends on other securities................ Income on loans................................................................ Service charges on deposit accounts............................ Other service charges, commissions, fees, and collection and exchange charges............................... Other current operating earnings................................. 1947 in 4.34 4.45 4.64 4.84 4.79 4.88 1.61 2.15 .19 .91 1.59 2.04 .19 .94 1.65 1.99 .20 1.03 1.80 2.04 .20 1.15 1.98 2.11 .21 1.24 1.98 2.14 .24 1.32 2.09 2.15 .25 1.38 Assets and liabilities per $100 of total assets1 Assets— to ta l........................................................................ Cash and due from banks.............................................. United States Government obligations...................... Other securities................................................................. Loans and discounts........................................................ All other assets.................................................................. 100.00 23.14 47.40 5.61 22.85 1.00 100.00 24.05 42.65 5.89 26.31 1.10 100.00 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 1.20 100.00 23.89 33.96 7.54 33.37 1.24 100.00 23.26 32.78 7.58 35.12 1.26 100.00 22.23 33.29 7.87 35.25 1.36 100.00 21.51 31^54 8.05 37.46 1.44 Liabilities and capital— to ta l....................................... Total deposits.................................................................... Demand deposits........................................................... Time and savings deposits........................................... Borrowings and other liabilities................................... Total capital accounts.................................................... 100.00 92.82 69.62 23.20 .75 6.43 100.00 92.56 69.13 23.43 .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 6.86 100.00 91.78 69.64 100.00 91.59 22.14 1.39 6.83 23.18 1.44 6.97 100.00 91.48 67.25 24.23 1.40 7.12 100.00 91.30 66.93 24.37 1.47 7.23 Number of banks, December 3 1 ....................................... 13,403 13,419 13,436 13,446 13,455 13,439 13,432 13,323 13,237 1 Asset and liability items are averages of figures reported at beginning, middle, and end of year. Back figures, 1934-1946: See the following Annual Reports: 1950, pp. 252-253, and 1941, pp. 160-161. OF INSURED BANKS 68.41 DIVIDENDS 4.22 1.57 2.14 .17 .90 AND 4.04 1.54 2.16 .14 .87 EXPENSES, 3.79 E AR N IN G S, Special ratios1 Income on loans per $100 of loans................................... Income on U . S. Government obligations per $100 of U . S. Government obligations................................. Income on other securities per $100 of other securities. Service charges per $100 of demand deposits............... Interest paid per $100 of time and savings deposits.. CO Table 110. E a r n in g s , E x p e n s e s , a n d D iv id e n d s U n i t e d S t a t e s ( C o n t i n e n t a l U . S. op I n s u r e d C o m m e r c ia l B a n k s O t h e r A r e a s ), 1955 in th e and BY CLASS OP BANK (Amounts in thousands of dollars) Members F. R . System Total National State Not members F. R . System Operating throughout the year1 Operating less than full year2 1,035,960 215,895 55,504 604,089 9,690 65,951 45,260 14,886 24,685 6,319,292 1,324,434 348,897 3,603,971 70,497 336,745 153,976 265,978 214,796 58,413 9,256 2,144 21,557 551 3,230 1,028 15,863 4,783 Salaries and wages— employees................................................................................. Fees paid to directors and members of executive, discount, and other committees Interest on time and savings deposits............................................................................. Interest and discount on borrowed money..................................................................... Taxes other than on net income....................................................................................... Recurring depreciation on banking house, furniture and fixtures........................... Other current operating expenses..................................................................................... 3,960,173 666,152 1,229,756 39,563 678,237 23,093 176,840 108,306 1,038,228 2,097,243 333,902 652,274 18,264 372,331 12,413 101,267 59,357 547,435 1,167,194 177,744 407,321 8,919 170,373 9,529 47,701 27,476 318,132 695,736 154,506 170,161 12,380 135,533 1,151 27,872 21,473 172,661 3,917,913 659,114 1,215,230 39,183 674,105 23,056 175,564 107,243 1,024,420 42,260 7,038 14,526 380 4,132 37 1,276 1,063 13,808 N et current operating earnings....................................................................................... 2,417,533 1,327,993 749,315 340,225 2,401,380 16,153 Recoveries, transfers from reserve accounts, and profits— to ta l..................... On securities: Recoveries........................................................................................................................... Transfers from reserve accounts................................................................................... Profits on securities sold or redeemed......................................................................... On loans: 239,598 134,917 77,587 27,094 235,929 3,669 20,586 39,930 57,085 13,651 29,235 35,769 4,665 8,312 14,898 2,270 2,383 6,418 20,534 39,249 56,872 52 681 213 27,379 50,899 43,722 14,574 18,822 22,866 6,165 28,906 14,642 6,640 3,171 6,214 27,163 50,205 41,908 216 694 1,814 Service charges on deposit accounts................................................................................. Other service charges, commissions, fees, and collection and exchange charges.. Other current operating earnings...................................................................................... Current operating expenses— to ta l................................................................................ Transfers from reserve accounts................................................................................... Losses, charge-offs, and transfers to reserve accounts— to ta l.......................... On securities: Losses and charge-offs...................................................................................................... Transfers to reserve accounts........................................................................................ On loans: Losses and charge-offs...................................................................................................... Transfers to reserve accounts........................................................................................ 707,155 376,341 237,614 93,200 702,481 4,674 221,232 67,276 121,980 36,312 73,511 26,774 25,741 4,190 218,705 67,272 2,527 4 28,159 303,600 86,886 14,197 158,141 45,711 3,646 107,491 26,191 10,316 37,968 14,984 27,953 302,294 86,254 206 1,306 632 CO R PO R ATIO N 1,916,509 362,915 100,575 1,073,261 21,707 85,956 44,481 163,959 63,656 INSURANCE 3,425,236 754,880 194,962 1,948,178 39,651 188,068 65,263 102,996 131,238 DEPOSIT 6,377,705 1,333,690 351,041 3,625,528 71,048 339,975 155,004 281,841 219,579 Current operating earnings— to ta l................................................................................ Interest on U. S. Government obligations..................................................................... Interest and dividends on other securities..................................................................... Interest and discount on loans.......................................................................................... FEDERAL Earnings or expense item N et profits heforp. Inrnmft taxfts........... ....................... 1,949,976 1,086,569 589,289 274,118 1,934,829 15,147 793,737 753,883 39,855 444,863 427,249 17,614 245,900 228,106 17,795 102,974 98,528 4,446 786,543 747,229 39,315 7,194 6,654 540 N et profits after incom e taxes......................................................................................... 641,706 343,388 171,146 1,148,287 7,953 566,124 309,075 191,835 65,214 561,222 4,902 2,581 563,543 203 308,872 1,527 190,308 851 64,363 2,572 558,650 9 4,893 Net additions to capital from profits........................................................................... 590,118 332,631 151,554 105,933 587,066 3,052 3,146 39,794 2,107 24,704 612 8,885 427 6,205 3,143 39,214 3 580 68,140 88,417 30,753 54,446 34,749 21,223 2,638 12,748 68,140 87,708 709 Average assets and liabilities3 Assets— to ta l............................................................................................................................ Cash and due from banks.................................................................................................. United States Government obligations........................................................................... Other securities...................................................................................................................... Loans and discounts............................................................................................................ All other assets...................................................................................................................... 202,331,676 43,510,745 63,808,049 16,294,075 75,800,688 2,918,119 112,329,247 24,750,088 35,881,262 9,255,997 40,854,733 1,587,167 61,425,098 13,844,536 17,789,363 4,459,246 24,318,901 1,013,052 28,577,331 4,916,121 10,137,424 2,578,832 10,627,054 317,900 Liabilities and capital— to ta l........................................................................................... Total deposits........................................................................................................................ Demand deposits................................................................................................................ Time and savings deposits............................................................................................... Borrowings and other liabilities........................................................................................ Total capital accounts......................................................................................................... 202,331,676 184,734,232 135,1*22,891 1*9,311,31*1 2,965,764 14,631,680 112,329,247 102,796,397 75,700,297 27,096,100 1,628,168 7,904,682 61,425,098 55,739,401 1*2,791,312 12,91*8,089 1,108,333 4,577,364 28,577,331 26,198,434 16,931,282 9,267,152 229,263 2,149,634 Number of active officers, December 3 1 .......................................................................... .. Number of other employees, December 3 1 ........................................................................ 84,931 408,791 39,941 213,960 18,667 128,193 26,323 66,638 84,348 405,862 583 2,929 Number of banks, December 3 1 ........................................................................................... 13,237 4,692 1,847 6,698 13,117 120 EXPENSES, 1,156,240 Dividends and interest on capital— to ta l................................................................... Dividends declared on preferred stock and interest on capital notes and debentures........................................................................................................................... Cash dividends declared on common stock................................................................... EA R N IN G S, .............................................. Taxes on net income— to ta l............................................................................................. Federal..................................................................................................................................... State......................................................................................................................................... Memoranda Recoveries credited to reserve accounts (not included in recoveries above): AND On loans.................................................................................................................................. Losses charged to reserve accounts (not included in losses above): On securities........................................................................................................................... On loans.................................................................................................................................. DIVIDENDS OF INSURED BANKS Note: Due to rounding differences, earnings data of State banks may not add precisely to the indicated totals. 1 Adjusted to include data for 6 large national banks which were taken over by State banks during the year. 2 Includes banks operating less than full year, except 6 large national banks which were taken over by State banks during the year, and a few banks which engage primarily in fiduciary business. 3 Asset and liability items are averages of figures reported at beginning, middle, and end of year. i—* Back figures, 1931*-1951*: See Table 108, pp. 134-135, the Annual Report for 1954, pp. 142-143, and earlier reports. CO CO Table 111. R a t io 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 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 U n i t e d S t a t e s ( C o n t i n e n t a l U . S. a n d O t h e r A r e a s ) , 1 955 in th e BY CLASS OF BANK State Losses charged to reserve accounts (not included in losses above): $100.00 18.94 5.25 57.13 4.48 2.32 11.88 $100.00 20.84 5.36 59.25 6.36 4.37 3.82 62.09 30.35 10.63 2.77 1.70 16.64 61.23 29.32 10.87 2.96 1.73 16.35 60.90 30.99 8.89 2.49 1.43 17.10 67.16 32.54 13.08 2.69 2.07 16.78 37.91 38.77 39.10 32.84 3.15 1.96 1.19 .12 .35 .96 .57 3.05 1.87 1.18 .12 .33 .97 .57 3.12 1.90 1.22 .13 .39 .96 .56 3.63 2.44 1.19 .09 .32 .96 .60 (2) .02 (2) .02 (2) .01 (2) .02 .03 .04 .03 .05 .06 .03 .01 .04 CO R PO R ATIO N M em oranda Recoveries credited to reserve accounts (not included in recoveries above): $100.00 22.04 5.69 58.03 5.49 1.91 6.84 INSURANCE A m ou n ts per $100 of total assets1 $100.00 20.91 5.51 57.96 5.33 2.43 7.86 DEPOSIT A m ou n ts per $100 of current operating earnings Not members F. R. System Total National FEDERAL Members F. R. System Earnings or expense item A m ounts per $100 of total capital accounts1 16.80 1.71 4.76 13.75 5.63 8.12 3.91 4.21 16.37 1.69 5.19 12.87 5.37 7.50 4.19 3.31 15.83 1.26 4.34 12.75 4.79 7.96 3.03 4.93 .02 .27 .03 .31 .01 .19 .02 .29 .47 .60 .39 .69 .76 .46 .12 .59 Special ratios1 Income on loans per $100 of loans................................................................................................................................... Income on U . S. Government obligations per $100 of U. S. Government obligations....................................... Income on other securities per $100 of other securities.......................................................................................... Service charges per $100 of demand deposits............................................................................................. Interest paid per $100 of time and savings deposits...................................................................... 4.88 2.09 2.15 .25 1.38 4.87 2.10 2.11 .25 1.37 4.50 2.04 2.26 .20 1.32 5.78 2.13 2.15 .39 1.46 Assets and liabilities per $100 of total assets1 Assets— to ta l.......................................................................................................................................................... Cash and due from banks............................................................................................................................................. United States Government obligations....................................................................................................................... Other securities................................................................................................................................................. Loans and discounts......................................................................................................................................................... All other assets................................................................................................................................................................... 100.00 21.51 31.54 8.05 37.46 1.44 100.00 22.04 31.94 8.24 36.37 1.41 100.00 22.54 28.96 7.26 39.59 1.65 100.00 17.20 35.47 9.03 37.19 1.11 DIVIDENDS Liabilities and capital— to ta l................................................................................................................................... Total deposits....................................................................................................................................... ... D e m a n d d e p o s i t s ............................................................................................................................... T i m e d e p o s i t s ................................................................................................................. . ... Borrowings and other liabilities.................................................................................................................................... Total capital accounts........................................................................................................... 100.00 91.30 100.00 91.51 100.00 90.74 100.00 91.68 OF 6 6 .9 3 6 7 .3 9 2 4 .3 7 2 4 .1 2 6 9 .6 6 2 1 .0 8 5 9 .2 5 3 2 .4 3 1.47 7.23 1.45 7.04 1.81 7.45 .80 7.52 Number of banks, December 3 1 ...................................................................................................................................... 13,237 4,692 1,847 6,698 . Net profits after income taxes............................................................................................................................................ Cash dividends declared...................................................................................................................................................... Net additions to capital from profits............................................................................................................................... Memoranda Recoveries credited to reserve accounts (not included in recoveries above): On securities....................................................................................................................................................................... INSURED BANKS AND » Asset and liability items are averages of figures reported at beginning, middle, and end of year. 3 Less than .005. B a c k f i g u r e s , 1 9 3 4 - 1 9 5 4 : See Table 109, pp. 136-137, the Annual Report for 1954, pp. 144-145, and earlier reports. E X P E N S E S, Losses charged to reserve accounts (not included in losses above): On securities....................................................................................................................................................................... E AR N IN G S, 16.52 1.64 4.83 13.33 5.43 7.90 3.87 4.03 Recoveries, transfers from reserve accounts, and profits— total.......................................................................... .. Losses, charge-offs, and transfers to reserve accounts— total.................................................................... Table 112. 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 O p e r a t i n g T h r o u g h o u t 1 9 5 5 i n t h e U n i t e d S t a t e s ( C o n t i n e n t a l U . S. a n d O t h e r A r e a s ) BANKS GROUPED ACCORDING TO AMOUNT OF DEPOSITS Banks with deposits of— 2 Earnings or expense item All banks1 Less than $1,000,000 $1,000,000 to $2,000,000 $2 ,000,000 to $5,000,000 $5,000,000 $10,000,000 $25,000,000 $50,000,000 $100,000,000 $500,000,000 or to to to to to more $10,000,000 $25,000,000 $50,000,000 $100,000,000 $500,000,000 2,122,712 408,831 129,026 1,210,285 36,112 84,079 17,790 12,625 20,246 10,949 12,463 17,404 10,070 18,367 17,183 27,755 84,865 56,407 42,556 132,789 79,034 340,488 74,008 83,512 475,765 85,899 133,660 305,140 50,058 92,349 299,801 46,067 95,998 824,104 115,320 281,244 1,208,042 148,400 442,900 9,163 63,196 368 14,772 6,811 65,875 356 15,329 6,704 88,616 776 20,430 2,835 55,301 1,006 13,551 2,323 45,650 1,408 13,614 4,172 118,229 6,994 38,755 3,184 215,075 12,017 53,165 2,868 23,198 10,798 74,520 12,219 82,380 17,116 122,564 10,355 79,686 9,131 85,610 20,949 238,442 23,027 310,274 16,447 55,649 174,350 177,320 239,743 159,631 161,596 501,977 914,670 235,929 1,595 3,860 11,352 11,972 16,434 12,401 15,312 59,049 103,955 20,534 39,249 56,872 57 123 208 75 460 1,035 334 2,148 1,140 663 3,064 2,315 2,123 4,396 1,119 1,754 3,134 2,007 1,010 3,646 4,049 15,204 12,558 8,603 18,086 27,344 27,163 50,205 41,908 1,115 102 197 2,219 221 677 4,681 862 2,292 3,338 1,535 2,232 2,375 1,487 3,737 1,050 2,587 2,758 1,128 4,045 3,476 3,407 10,714 13,117 7,848 28,653 13,423 502,293 115,866 27,743 298,577 2,327 28,305 153,976 265,978 214,796 3,333 35 738 8,371 169 2,672 18,676 1,109 9,689 14,476 3,557 11,424 Current operating expenses— to ta l.............. Salaries— officers.................................................. Salaries and wages— employees....................... Fees paid to directors and members of execu tive, discount, and other committees........ Interest on time and savings deposits........... Interest and discount on borrowed money. . Taxes other than on net income...................... Recurring depreciation on banking house, furniture and fixtures..................................... Other current operating expenses.................... 3,917,913 659,114 1,215,230 33,235 13,508 4,246 103,394 35,833 16,217 327,944 90,023 65,104 39,183 674,105 23,056 175,564 950 4,589 40 1,383 3,043 17,576 92 4,568 107,243 1,024,420 776 7,747 N et current operating earnings..................... 2,401,380 Recoveries, transfers from reserve ac counts, and profits— to ta l........................ On securities: Recoveries......................................................... Transfers from reserve accounts................. Profits on securities sold or redeemed. . . . On loans: Recoveries......................................................... Transfers from reserve accounts................. All other................................................................. Losses, charge-offs, and transfers to re serve accounts— to ta l................................. On securities: Losses and charge-offs.................................... Transfers to reserve accounts...................... On loans: Losses and charge-offs.................................... Transfers to reserve accounts...................... All other................................................................. thousand.8 of 715,507 159,439 38,661 405,838 6,691 54,218 702,481 3,357 10,766 38,530 46,271 67,775 49,590 52,927 171,570 261,696 218,705 67,272 300 53 1,414 288 10,176 1,035 14,820 1,714 24,578 2,061 18,509 2,632 18,492 3,729 54,663 21,105 75,752 34,656 27,953 302,294 86,254 1,772 780 452 4,117 3,082 1,865 7,475 13,324 6,520 5,126 18,288 6,323 3,236 28,793 9,107 703 22,026 5,719 1,114 22,799 6,793 1,043 70,625 24,134 3,369 122,577 25,342 CO R PO R ATIO N 1,326,080 274,032 65,177 744,087 11,868 61,890 159,043 35,307 6,618 97,406 707 7,796 INSURANCE 461,396 97,902 23,492 260,743 4,633 29,008 49,682 10,129 1,654 31,194 296 2,302 DEPOSIT dollars) 464,769 105,879 25,618 255,192 4,371 32,894 6,319,292 1,324,434 348,897 3,603,971 70,497 336,745 FEDERAL (Amounts in 517,808 117,048 30,910 300,648 3,490 36,255 Current operating earnings— to ta l.............. Interest on U . S. Government obligations.. . Interest and dividends on other securities.. . Interest and discount on loans........................ Service charges and fees on bank’s loans----Service charges on deposit accounts............... Other service charges, commissions, fees, collection and exchange charges.................. Trust department................................................ Other current operating earnings.................... 14,686 48,743 147,171 143,021 188,401 122,442 123,980 389,456 756,930 786,543 747,229 39,315 4,367 4,189 179 14,584 13,986 598 48,807 47,128 1,679 55,366 53,627 1,740 80,454 77,837 2,617 52,730 51,184 1,547 53,011 50,919 2,092 167,025 160,264 6,762 310,197 288,097 22,100 N et profits after incom e taxes........................ 1,148,287 10,318 34,159 98,365 87,654 107,948 69,713 70,969 222,431 446,733 Dividends and interest on capital— to ta l.. Dividends declared on preferred stock and interest on capital notes and debentures.. Cash dividends declared on common stock.. 561,222 3,701 11,788 35,957 33,491 43,361 29,806 32,006 111,040 260,073 2,572 558,650 6 3,694 24 11,764 128 35,829 139 33,352 276 43,085 205 29,601 545 31,461 1,244 109,796 4 260,069 N et additions to capital from profits.......... 587,066 6,616 22,371 62,408 54,162 64,587 39,907 38,963 111,392 186,660 3,143 39,214 220 2 845 40 3,533 121 4,112 52 4,638 69 2,351 114 3,111 824 6,399 1,921 14,006 68,140 87,708 1 511 20 1,732 210 7,103 448 7,913 2,182 9,854 1,737 5,515 3,625 7,418 15,001 14,278 44,914 33,386 AND Assets and liabilities2 Assets— to ta l........................................................... 208,505,686 Cash and due from banks................................. 46,407,454 United States Government obligations......... 60,657,844 Other securities.................................................... 16,327,587 Loans and discounts........................................... 82,155,244 2,957,557 1,370,657 298,271 480,106 74,719 509,610 7,951 4,598,653 943,417 1,641,700 303,696 1,676,056 33,784 15,269,948 3,006,136 5,398,209 1,342,035 5,385,946 137,622 15,783,665 3,029,231 5,490,622 1,561,585 5,532,518 169,709 21,713,803 4,149,916 7,492,230 1,987,596 7,800,800 283,261 14,697,204 2.920.630 5.002.631 1,293,409 5,279,412 201,122 14,722,134 3,197,319 4,592,727 1,189,053 5,535,603 207,432 44,560,321 10,856,730 12,512,753 3,056,260 17,497,929 636,649 75,789,301 18,005,804 18,046,866 5,519,234 32,937,370 1,280,027 DIVIDENDS Liabilities and capital— to ta l.......................... 208,505,686 190,466,725 Demand deposits............................................... HO,666,121 Time and savings deposits.............................. 1+9,800,601+ 3,113,553 Borrowings and other liabilities...................... Total capital accounts........................................ 14,925,408 1,370,657 1,221,019 926,1+52 291+,567 3,360 146,278 4,598,653 4,153,291 2,951,825 1,201 ,1+66 13,943 431,419 15,269,948 13,958,962 9,4.87,831 It,521,131 61,602 1,249,384 15,783,665 14,529,957 9,552,1+08 U,977,51+9 94,302 1,159,406 21,713,803 20,042,774 13,108,91+2 6,933,832 184,567 1,486,462 14,697,204 13,590,861 9,271,220 1+,319,61+1 149,255 957,088 14,722,134 13,601,417 9,992,011+ 3,609,1+03 171,784 948,933 44,560,321 41,055,660 32,229,129 8,826,531 568,560 2,936,101 75,789,301 68,312,784 53,196,300 15,116,1+81+ 1,886,180 5,610,337 Number of active officers, December 3 1 ........... Number of other employees, December 3 1 ... . 84,348 405,862 3,976 2,674 7,988 8,217 16,260 28,018 10,905 32,394 10,760 49,140 5,701 33,064 4,823 33,724 10,837 93,059 13,098 125,572 Number of banks, December 3 1 .......................... 13,117 1,736 2,827 4,330 2,074 1,320 398 197 192 43 N et profits before incom e taxes.............. .. Losses charged to reserve accounts (not in cluded in losses above): INSURED BANKS OF Note: Due to rounding differences, components may not add precisely to the indicated totals. 1 This group of banks is the same as the group shown in Table 110 under the heading “ Operating throughout the year." 2 Asset and liability items are as of December 31, 1955. Back figures, 191+1-1951+: See the Annual Report for 1954, pp. 146-147, and earlier reports. EXPENSES, Memoranda Recoveries credited to reserve accounts (not included in recoveries above): EAR N IN G S, 1,934,829 Taxes on net income— to ta l............................ T a b le 113. 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 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 1955 i n t h e U n i t e d S t a t e s (C o n t i n e n t a l U . S. a n d O t h e r A r e a s ) B AN K S GROUPED ACCORDING TO AMOUNT OF DEPOSITS Banks with deposits of— 2 Earnings or expense item $100.GO 20.39 3.33 63.38 4.63 $5,000,000 $10,000,000 $25,000,000 $50,000,000 $100,000,000 $500,000,000 or to to to to to more $10,000,000 $25,000,000 $50,000,000 $100,000,000 $500,000,000 $1,000,000 to $2,000,000 $2 ,000,000 to $5,000,000 $100.00 22.20 4.16 61.69 4.90 $100.00 23.07 5.52 59.91 5.63 $100.00 22.60 5.97 58.74 7.00 $100.00 22.28 5.40 57.66 7.58 $100.00 22.78 5.51 55.85 7.08 $100.00 21.22 5.09 57.52 6.29 $100.00 20.66 4.92 57.01 4.67 $100.00 19.26 6.08 58.72 3.96 5.26 1.79 3.72 2.15 2.80 2.89 2.49 4.59 2.35 6.43 2.18 7.70 2.09 10.65 2.00 9.98 Current operating expenses— to ta l.............. Salaries, wages, and fees. . . . ........................ Interest on time and savings deposits........... Taxes other than on net income...................... Recurring depreciation on banking house, furniture and fixtures..................................... Other current operating expenses.................... 62.00 30.28 10.67 2.78 66.90 37.65 9.24 2.78 65.01 34.64 11.05 2.87 65.29 32.71 12.58 2.94 65.76 31.74 12.72 2.96 66.49 31.62 12.38 2.86 65.65 31.25 11.90 2.91 64.98 31.29 9.90 2.95 62.15 30.22 8.92 2.92 56.91 28.01 10.13 2.50 1.70 16.57 1.56 15.67 1.80 14.65 2.15 14.91 2.36 15.98 2.39 17.24 2.23 17.36 1.98 18.86 1.58 18.51 1.09 15.18 N et current operating earnings..................... 38.00 33.10 34.99 34.71 34.24 33.51 34.35 35.02 37.85 43.09 3.03 1.88 1.15 3.62 2.42 1.20 3.46 2.25 1.21 3,29 2.15 1.14 3.28 2.16 1.12 3.29 2.19 1.10 3.16 2.07 1.09 3.13 2.03 1.10 2.98 1.85 1.13 2.80 1.59 1.21 .11 .12 .08 .07 .08 .08 .08 .10 .13 .14 .33 .93 .55 .25 1.07 .75 .23 1.06 .74 .25 .96 .64 .29 .91 .56 .31 .87 .50 .34 .83 .47 .36 .84 .48 .39 .87 .50 .35 1.00 .59 (*) .02 .02 (3) .02 (s) .02 (3) .03 (*) .02 (8) .02 (s) .02 (*) .01 (3) .02 .03 .04 (8) .04 (3) .04 (3) .05 (3) .05 .01 .05 .01 .04 .02 .05 A m ounts per $100 of total assets2 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................... M em oranda Recoveries credited to reserve accounts (not included in recoveries above): On securities.......................................................... j On loans............................................................. Losses charged to reserve accounts (not in cluded in losses above): On securities.......................................................... DigitizedOn forloans................................................................. FRASER .03 ! .03 j .06 .04 CORPORATION 6.71 1.56 INSURANCE 2.43 7.61 DEPOSIT $100.00 20.96 5.52 58.15 5.33 Less than $1,000,000 FEDERAL A m ou n ts per $100 of current operating earnings Current operating earnings— t o t a l.. . ......... Interest on U. S. Government obligations. . Interest and dividends on other securities. . . Income on loans................................................... Service charges on deposit accounts............... Other service charges, commissions, fees, and collection and exchange charges......... Other current operating earnings.................... All banks1 12.90 13.95 15.30 16.13 16.68 17.03 17.10 1.09 .89 .91 1.03 1.10 1.29 1.62 2.01 1.85 4.71 12.96 5.27 7.69 3.76 3.93 2.29 10.04 2.99 7.05 2.53 4.52 2.49 11.30 3.38 7.92 2.73 5.19 3.08 11.78 3.91 7.87 2.88 4.99 3.99 12.34 4.78 7.56 2.89 4.67 4.56 12.67 5.41 7.26 2.92 4.34 5.18 12.79 5.51 7.28 3.11 4.17 5.58 13.07 5.59 7.48 3.37 4.11 5.85 13.26 5.69 7.57 3.78 3.79 4.66 13.49 5.53 7.96 4.63 3.33 .02 .26 .15 .20 (3) .28 .01 .35 (3) .31 .01 .25 .01 .33 .03 .22 .03 .25 .46 .59 (3) .35 (s) .40 .02 .57 .04 .68 .15 .66 .18 .58 .38 .78 .51 .49 .80 .60 6.18 5.85 5.59 5.50 5.29 4.92 4.79 4.32 3.78 2.11 2.15 2.15 2.13 2.13 2.12 2.13 2.19 2.27 2.14 .24 2.21 .25 2.18 .26 2.07 .30 1.98 .38 1.95 .41 1.98 .35 1.98 .29 2.13 .19 2.34 .16 1.40 1.32 1.28 1.28 1.26 1.34 1.42 100.00 22.26 29.09 7.83 39.40 1.42 100.00 21.76 35.03 5.45 37.18 .58 100.00 20.52 35.70 6.60 36.45 .73 100.00 19.69 35.35 8.79 35.27 .90 100.00 19.19 34.79 9.89 35.05 1.08 100.00 19.11 34.50 9.15 35.93 1.31 100.00 19.87 34.04 8.80 35.92 1.37 100.00 21.72 31.19 8.08 37.60 1.41 100.00 24.36 28.08 6.86 39.27 1.43 100.00 23.76 23.81 7.28 43.46 1.69 Liabilities and capital— to ta l.......................... Total deposits....................................................... Demand deposits............................................... Time deposits..................................................... Borrowings and other liabilities....................... Total capital accounts........................................ 100.00 91.35 67.1*6 23.89 1.49 7.16 100.00 89.08 67.59 21.1*9 .25 10.67 100.00 90.32 61*.19 26.13 .30 9.38 100.00 91.42 61.81 29.61 .40 8.18 100.00 92.06 60.52 31.51* .60 7.34 100.00 92.30 60.37 31.93 .85 6.85 100.00 92.47 63.08 29.39 1.02 6.51 100.00 92.39 67.87 21*.52 1.17 6.44 100.00 92.13 72.32 19.81 1.28 6.59 100.00 90.14 70.19 19.95 2.46 7.40 Number of banks, December 31 .......................... 13,117 1,736 2,827 4,330 2,074 1,320 398 197 192 43 1 This group of banks is the same as the group shown in Table 110 under the heading “Operating throughout the year.” These ratios differ slightly from the ratios for all insured commercial banks shown in Tables 109 and 111. 2 Asset and liability items are as of December 31, 1955. * Less than .005. Back figures, 191*1-195!*: See the Annual Report for 1954, pp. 148-149, and earlier reports. BANKS 1.46 INSURED 1.56 OF 1.35 Assets and liabilities per $100 of total assets2 Assets— to ta l........................................................... Cash and due from banks................................. United States Government obligations......... Other securities.................................................... Loans and discounts........................................... All other assets..................................................... DIVIDENDS 4.47 2.18 AND Special ratios2 Income on loans per $100 of loans...................... Income on U. S. Government obligations per $100 of U . S. Government obligations___ Income on other securities per $100 of other other securities................................................. Service charges per $100 of demand deposits. . Interest paid per $100 of time and savings deposits............................................................... 11.24 1.58 E X P E N SE S , M em oranda Recoveries credited to reserve accounts (not included in recoveries above): On securities.......................................................... On loans................................................................. Losses charged to reserve accounts (not in cluded in losses above): On securities.......................................................... On loans................................................................. 16.30 16.09 E AR N IN G S, A m ounts per $100 of total capital accounts2 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 114. E a r n i n g s , E x p e n s e s , a n d D iv i d 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 U n i t e d S t a t e s (C o n t i n e n t a l U . S. a n d O t h e r A r e a s ), b y S t a t e , 1955 (Amounts in thousands of dollars) U . S. (continental U . S.and other areas) Other current operating earnings.................... Recoveries, transfers from reserve ac counts and profits— t o t a l....................... On securities: Recoveries.......................................................... Transfers from reserve accounts................. Profits on securities sold or redeemed. . . . On loans: Losses, charge-offs, and transfers to reOn securities: On loans: Transfers to reserve accounts................ .. N et before income taxes.................... Digitized forprofits FRASER Colorado Connec ticut 6,377,705 1,833,690 351,041 3,625,528 71,048 339,975 5,259 1,170 196 2,505 280 400 10,133 610 716 6,856 206 206 2,045 385 102 1,207 24 136 6,360,268 1,331,525 350,027 3,614,960 70,538 339,233 56,782 10,604 3,699 33,939 337 3,224 33,174 4,818 1,534 20,620 982 2,486 33,240 6,760 2,468 18,497 93 1,965 713,945 131,870 34,638 419,639 20,015 51,186 56,760 11,927 1,618 33,349 784 4,797 77,968 13,852 3,943 43,012 429 5,087 155,004 281,841 219,579 567 37 104 1,306 6 227 146 45 152,985 281,798 219,203 2,161 1,321 1,497 753 678 1,303 2,203 354 902 13,251 21,670 21,678 1,150 1,805 1,331 1,501 7,013 3,131 3,960,173 666,152 1,229,756 3,751 741 1,315 8,184 1,260 2,421 1,566 238 460 3,946,672 663,913 1,225,560 34,047 7,620 9,698 21,640 3,346 7,469 20,970 5,559 4,975 455,110 55,454 146,581 35,540 6,788 10,596 52,262 9,132 16,763 39,563 678,237 23,098 176,840 16 435 114 111 1,483 65 568 40 329 1 38 39,396 675,990 23,027 176,120 448 4,509 49 622 54 3,050 32 523 508 2,571 25 869 1,076 131,950 955 18,850 506 6,504 195 740 512 7,164 264 1,703 108,306 1,038,228 181 950 304 1,972 50 411 107,771 1,034,895 1,233 9,869 829 6,338 701 5,763 9,389 90,856 709 9,501 1,557 15,169 2,417,533 1,508 1,950 479 2,413,596 22,734 11,535 12,270 258,836 21,221 25,706 239,598 248 172 85 239,093 1,648 341 1,062 17,868 1,753 1,311 21 134 474 1,683 3,114 4,760 546 173 21 167 328 311 56 64 296 1,769 1,140 5,402 570 57 270 215 323 356 20,586 39,930 57,085 1 39 88 42 3 20,586 39,841 57,001 27,379 50,899 43,722 78 116 14 2 4 35 45 30 8 27,254 50,749 43,665 433 305 283 162 341 60 147 707,155 662 434 205 705,854 6,712 3,266 3,376 58,892 5,981 8,978 10,670 16,489 1,555 1 1,964 523 5 221,232 67,276 102 22 5 4 8 221,121 67,246 2,839 113 1,628 1,172 176 28,159 303,600 86,886 120 388 30 14 283 132 54 130 9 27,971 302,799 86,715 359 2,815 586 120 1,205 313 754 825 449 606 22,081 9,046 777 2,854 793 104 3,969 2,419 1,949,976 1,094 1,687 359 1,946,836 17,671 8,609 9,957 217,812 16,993 18,039 CORPORATION N et current operating earnings..................... California INSURANCE Salaries— officers.................................................. Salaries and wages— employees........................ Fees paid to directors and members of execu tive, discount, and other committees.. . . Interest on time and savings deposits........... Interest and discount on borrowed money.. Taxes other than on net income. ................. Recurring depreciation on banking house, furniture and fixtures..................................... Other current operating expenses.................... Other1 Alabama Earnings Arizona or expense Arkansas item DEFOSIT Other service charges, commissions, fees, and collection and exchange charges......... Continental United States FEDERAL 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. . . Alaska the 1 Other areas Puerto Rico in Taxes on net incom e— to ta l.......................... Federal.................................................................... State........................................................................ 793,737 753,883 39,855 N et profits after incom e taxes........................ 436 426 10 169 72 97 99 99 793,033 753,286 39,748 6,579 5,900 680 3,625 3,384 242 3.668 3.668 97,548 89,672 7,876 7,601 6,915 686 7,793 6,795 997 11,092 4,984 6,288 120,264 9,393 10,246 565,014 4,474 2,138 2,741 73,054 3,950 6,173 2,581 563,543 203 802 105 2,581 562,433 4,474 2,138 2,741 53 73,002 3,950 6,173 N et additions to capital from profits......... 590,118 456 716 156 588,790 6,618 2,846 3,549 47,209 5,442 4,073 M em oranda Recoveries credited to reserve accounts (not included in recoveries above): On securities.......................................................... On loans.................................................................. Losses charged to reserve accounts (not in cluded in losses above): On securities.......................................................... On loans.................................................................. 3,146 39,794 115 50 3,146 39,629 442 422 8 161 636 7,096 779 48 355 68,140 88,417 194 46 68,140 88,103 10 1,016 760 24 279 15,781 10,219 1 1,605 1,018 1,007 Average assets and liabilities2 Assets— to ta l........................................................... 202,331,676 Cash and due from banks................................. 43,510,745 United States Government obligations......... 63,808,049 Other securities..................................................... 16,294,075 Loans and discounts............................................ 75,800,688 All other assets...................................................... 2,918,119 125,257 23,948 55,022 10,537 33,751 1,999 220,380 36,289 31,369 29,968 113,656 9,098 53,737 201,932,302 9,487 43,441,021 16,846 63,704,812 4,052 16,249,518 22,150 75,631,131 1,202 2,905,820 1,721,054 411,136 521,199 188,428 579,241 21,050 780,220 130,874 230,142 67,999 333,380 17,825 1,068,359 20,018,157 283,030 3,468,077 323,057 6,235,808 107,951 1,651,543 345,033 8,319,632 343,097 9,288 1,677,047 397,916 585,301 75,062 606,193 12,575 2,228,316 447,527 688,838 229,115 831,510 31,326 Liabilities and capital— to ta l.......................... 202,331,676 Total deposits........................................................ 184,734,232 Demand deposits............................................... 135,422,891 Time and savings deposits.............................. 49,811,341 Borrowings and other liabilities....................... 2,965,764 Total capital accounts........................................ 14,631,680 125,257 118,953 72,926 46,027 528 5,776 220,380 195,574 103,068 92,506 6,425 18,381 53,737 201,932,302 49,097 184,370,608 26,571 135,220,826 22,526 49,150,282 419 2,958,392 4,221 14,603,302 1,721,054 1,580,027 1,286,689 848,838 13,120 127,907 780,220 718,472 539,628 178,844 11,971 49,777 1,068,359 20,018,157 981,578 18,388,213 819,665 10,829,321 161,913 8,058,892 3,573 455,534 83,208 1,174,410 1,677,047 1,554,201 1,175,270 878,981 12,796 110,050 2,228,316 2,041,508 1,554,057 487,451 24,191 162,617 74 84,931 408,791 77 355 223 1,160 39 183 84,592 407,093 1,108 3,696 416 2,654 952 2,076 6,595 42,983 909 3,739 986 5,967 Number of banks, December 3 1 .......................... 13,237 10 7 5 13,215 237 10 228 140 154 87 BANKS Note: Due to rounding differences, data may not add precisely to the indicated totals. 1 Includes 3 banks in Hawaii, and 2 banks 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, adjusted for “ U. S. (continental U . S. and other areas)” and for “ Puerto Rico” to exclude data for 9 insured branches in Puerto Rico of insured banks in New York; earnings data of these branches are not available. Back figures, 1946-1954: See the Annual Report for 1954, pp. 150-159, and earlier reports. INSURED Number of active officers, December 3 1 ........... Number of other employees, December 3 1 . . . . OF 1,153,803 105 DIVIDENDS 261 802 AND 1,518 203 E X P E N S E S, 658 566,124 E AR N IN G S, 1,156,240 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.. I—* Table 114. 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 i n t h e U n i t e d S t a t e s ( C o n t i n e n t a l U . S. a n d O t h e r A r e a s ), b y S t a t e , 1955— Continued (Amounts in thousands of dollars) Earnings or expense item Other service charges, commissions, fees, and collection and exchange charges......... Recoveries, transfers from reserve ac counts and profits— to ta l........................ On securities: n^i*onofai«o frAm T*0a0T*l7D JJPPmiTltfl Profits on securities sold or redeemed. . . . On loans: Losses, charge-offs, and transfers to re serve accounts— to ta l................................. On securities: Losses and charge-offs.................................... On loans: Losses and charge-offs .................................. Transfers to reserve accounts...................... N et profits before incom e taxes.................... Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana 23,056 3,955 885 12,717 336 469 45,705 10,702 1,505 24,009 349 3,297 106,473 26,677 5,280 54,537 1,005 9,288 91,370 12,742 4,049 56,089 1,149 5,628 21,011 4,698 524 13,185 256 1,414 434,482 130,411 29,816 207,587 4,037 18,973 130,993 38,250 5,010 70,333 613 6,187 91,272 22,284 4,710 53,019 238 5,684 61,010 14,607 4,471 33,711 398 4,090 62,492 14,296 2,471 38,125 473 2,421 75,080 17,798 4,984 40,218 396 4,395 232 4,198 265 1,598 2,921 1,325 3,314 2,507 3,865 5,348 2,681 3,683 385 106 441 6,302 25,819 11,537 3,216 3,196 4,191 2,504 871 1,964 1,212 557 1,965 753 2,379 1,576 3,514 753 3,022 12,478 2,671 4,155 29,465 4,686 10,029 68,250 11,932 21,091 60,889 11,856 15,961 13,253 2,799 3,495 260,597 45,273 80,293 83,906 15,969 23,785 57,029 15,365 12,735 37,803 10,521 9,054 37,289 8,874 9,938 48,473 8,996 13,760 204 1,245 61 337 310 4,729 203 1,567 909 8,745 336 1,996 844 7,014 427 3,895 107 3,012 31 277 2,526 46,496 2,227 11,371 1,232 13,454 62 6,021 660 10,665 148 1,878 656 4,661 66 1,628 727 4,080 203 2,379 742 5,464 423 4,138 475 3,332 922 7,019 3,447 19,795 2,050 18,843 470 3,061 5,270 67,144 2,084 21,297 1,446 14,131 833 10,385 963 10,123 1,450 13,500 10,579 16,240 38,222 30,481 7,757 173,884 47,088 34,243 23,206 25,204 26,607 539 608 1,743 2,165 115 19,425 8,776 2,190 1,667 2,284 4,093 52 1,004 807 82 19 5,082 1,894 7,608 175 3,008 1,001 218 123 650 95 90 262 40 247 1,037 907 2,071 1,864 353 406 3,835 346 81 772 710 173 337 228 494 239 261 1,582 389 179 301 126 403 421 19 215 126 93 27 186 127 157 510 2,773 2,609 9,799 8,373 3,923 51,523 20,872 8,417 5,665 5,336 7,652 408 45 509 50 3,497 265 4,124 2,814 23,202 4,276 5,917 4,366 3,568 78 1,507 55 1,219 494 1,034 2,802 34 1,890 396 141 1,542 368 362 5,019 656 557 2,749 943 80 899 130 1,083 16,617 6,345 395 4,432 5,762 695 2,712 1,365 1,086 1,767 1,249 300 2,243 1,080 412 2,403 1,001 8,344 14,239 30,166 24,273 3,949 141,786 34,992 28,016 19,210 22,152 23,048 1 1,011 39 499 118 455 34 22 CORPORATION N et current operating earnings.............. .. Georgia INSURANCE Salaries and wages— employees....................... Fees paid to directors and members of execu tive, discount, and other committees. . . . Interest on time and savings deposits........... Interest and discount on borrowed money. . Taxes other than on net income. .................... Recurring depreciation on banking house, furniture and fixtures..................................... Other current operating expenses.................... Florida DEPOSIT Other current operating earnings.................... District of Columbia FEDERAL 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.. . Delaware 6.851 6.851 12.699 12.699 9.595 9.595 2,045 1,783 262 Net profits after incom e taxes........................ 4,328 7,388 17,467 14,679 Dividends and interest on capital— to ta l. . Dividends declared on preferred stock and interest on capital notes and debentures, , Cash dividends declared on common stock. . 3.376 3.941 5,535 6,895 3.376 3.941 10 5,525 N et additions to capital from profits......... 951 3,447 56.230 56.230 15.393 15.393 11.269 11.269 6.890 6.890 9.434 9.434 7.868 7.868 1,904 85,556 19,600 16,746 12,320 12,720 15,181 1.264 32,856 7,086 6,406 3,898 4,800 4.205 2 6,894 1.264 68 32,788 13 7,073 30 6,376 1 3,897 29 4,772 1 4.205 11,931 7,783 639 52,700 12,515 10,340 8,422 7,919 10,974 123 5 2,279 3 977 1 335 648 14 425 470 81 889 219 214 1,182 35 1,505 206 2,432 2,790 205 1,672 133 1,098 915 176 637 1,583 860 Average assets and liabilities1 Assets— to ta l........................................................... Cash and due from banks................................. United States Government obligations......... Other securities..................................................... Loans and discounts........................................... All other assets..................................................... 639.008 98,049 234,118 25,499 272,227 9,115 1,461,868 333,984 490,296 71,090 540,787 25,711 3,338,980 817,386 1,253,047 243,264 973,841 51,442 2,426,730 598,947 632,022 155,936 1,004,758 35,067 562,745 16,268,537 92,541 3,381,492 205,506 6,259,390 24,010 1,422,706 234,690 5,095,111 5,998 109,838 4,339,693 912,466 1,819,895 261,487 1,306,493 39,352 2,805,548 537,960 942,701 247,710 1,057,856 19,321 2,039,581 474,733 681,567 227,063 642,649 13,569 2,078,219 520,881 708,404 101,525 730,831 16,578 2,632,721 689,947 909,645 221,803 778,220 33,106 Liabilities and capital— to ta l.......................... Total deposits....................................................... Demand deposits............................................... Time and savings deposits.............................. Borrowings and other liabilities...................... Total capital accounts........................................ 639,008 571,727 167,088 104,639 6,598 60,683 1,461,868 1,351,709 1,037,348 314,361 14,108 96,051 3,338,980 3,108,867 2,455,608 653,259 27,702 202,411 2,426,730 2,212,817 1,774,616 438,201 31,628 182,285 562,745 16,268,537 527,262 15,079,760 361,177 11,004,509 166,085 4,075,251 3,246 121,498 32,237 1,067,279 4,339,693 4,037,079 2,897,383 1,139,696 31,396 271,218 2,805,548 2,585,706 1,889,388 696,318 6,757 213,085 2,039,581 1,890,877 1,611,982 278,895 7,581 141,123 2,078,219 1,904,482 1,578,328 326,154 14,581 159,156 2,632,721 2,457,299 2,065,649 391,650 23,698 151,724 Number of active officers, December 3 1 ........... Number of other employees, December 3 1 .. . . 282 1,483 438 3,182 1,622 8,029 1,690 5,963 365 1,338 5,137 25,014 2,280 8,498 2,378 5,168 1,798 3,620 1,583 4,154 1,125 4,934 Number of banks, December 3 1 .......................... 29 17 233 349 36 913 466 619 502 353 174 Note: Due to rounding differences, data may not add precisely to the indicated totals. 1 Asset and liability items are averages of figures reported at beginning, middle, and end of year. Back figures, 1946-1954: See the Annual Report for 1954, pp. 150-159, and earlier reports. BANKS 708 INSURED 3 331 OF 151 DIVIDENDS 55 AND On loans.................................................................. Losses charged to reserve accounts (not in cluded in losses above): On securities........................................................ On loans.................................................................. EXPENSES, M em oranda Recoveries credited to reserve accounts (not included in recoveries above): EARNINGS, 4.018 4.018 Taxes on net in com e— t o t a l.......................... Federal.................................................................... t— i Table 114. 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 i n t h e U n i t e d S t a t e s ( C o n t i n e n t a l U . S. a n d O t h e r A r e a s ) , b y S t a t e , 1955— Continued (Amounts in thousands of dollars) Oi o Earnings or expense item Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska New Hampshire Nevada 259,661 68,299 13,021 144,633 2,354 13,102 128,113 25,455 6,673 72,456 1,012 7,549 34,430 6,107 3,406 18,603 70 1,781 166,152 37,201 9,086 100,634 712 7,116 24,476 6,086 1,151 13,129 317 1,953 48,122 11,509 2,444 27,841 91 2,969 11,873 2,449 383 6,974 397 598 11,749 1,870 530 7,574 41 1,010 364 575 425 1,571 1,751 2,025 4,950 14,893 7,816 5,988 7,211 5,053 8,172 3,401 3,394 3,233 272 960 3,107 4,001 4,298 862 139 839 1,154 577 1,538 230 334 510 209 154 363 Current operating expenses— to ta l........ Salaries— officers............................................ Salaries and wages— employees..................... Fees paid to directors and members of execu tive, discount, and other committees. . . Interest on time and savings deposits......... Interest and discount on borrowed money. Taxes other than on net income.................... Recurring depreciation on banking house furniture and fixtures............................... Other current operating expenses............. 14,530 2,279 3,926 40,203 5,935 12,776 104,424 17,332 37,250 163,803 22,981 54,975 83,252 18,505 21,888 23,019 5,738 5,864 97,199 19,063 28,837 15,428 3,431 3,923 28,738 8,662 7,299 7,302 1,298 2,645 7,934 1,464 1,873 222 3,346 20 635 603 6,740 155 2,140 933 7,905 555 4,043 1,404 30,351 708 8,626 1,087 16,203 1,023 1,626 425 2,283 45 1,463 1,243 12,892 952 3,893 138 1,623 51 1,573 534 1,673 260 1,035 15 1,160 352 148 1,683 16 278 352 3,751 1,264 10,591 3,557 32,851 4,878 89,879 1,486 21,436 596 6,605 2,712 27,607 413 4,276 795 8,481 248 1,583 224 2,249 6,507 22,971 68,313 95,859 44,862 11,412 68,954 9,047 19,385 4,571 3,815 967 2,646 16,286 6,219 3,508 952 5,413 1,734 1,717 162 524 41 25 135 166 495 1,208 430 3,584 7,120 419 71 1,207 831 488 696 158 78 126 1,183 1,055 1,245 455 51 415 449 11 417 32 88 165 157 145 487 135 208 156 413 596 2,949 1,606 274 2,246 2,002 989 35 469 271 60 259 684 889 358 557 163 94 271 189 380 125 50 32 32 2,387 8,051 28,805 25,000 9,996 3,853 18,505 3,352 4,723 520 1,121 655 129 4,550 102 10,769 2,543 7,787 2,658 4,112 139 1,191 202 9,031 2,215 686 488 902 598 74 568 40 176 723 705 112 2,174 1,113 416 10,781 4,297 520 11,556 2,481 920 3,289 1,537 322 1,580 558 949 4,898 1,412 568 1,311 299 479 1,708 1,035 5 254 188 69 381 62 5,086 17,565 55,794 77,077 38,374 8,510 55,862 7,429 16,379 4,213 3,218 N et current operating earnings.............. Recoveries, transfers from reserve ac counts, and profits— to ta l........................ On securities: Recoveries.......................................................... Transfers from reserve accounts.................. Profits on securities sold or redeemed. . . . On loans: Recoveries.......................................................... Transfers from reserve accounts................. All other................................................................. Losses, charge-offs, and transfers to re serve accounts— to ta l................................. On securities: Losses and charge-offs.................................... Transfers to reserve accounts...................... On loans: Losses and charge-offs.................................... Transfers to reserve accounts...................... All other................................................................. N et profits before incom e taxes. 5 CO R PO R ATIO N 172,737 29,768 7,433 95,652 999 11,226 INSURANCE 63,174 15,484 2,694 34,746 189 4,715 DEPOSIT 21,036 3,790 789 13,649 110 1,334 FEDERAL Current operating earnings— to ta l............ Interest on U. S. Government obligations. Interest and dividends on other securities. Interest and discount on loans...................... Service charges and fees on bank’s loans.. Service charges on deposit accounts............. Other service charges, commissions, fees and collection and exchange charges. . Trust department.......................................... Other current operating earnings............. 6,628 6,628 22,689 18,587 4,102 29.788 29.788 15.042 13.043 1,999 N et profits after incom e taxes........................ 2,944 10,937 33,105 47,289 Dividends and interest on capital— to ta l. . Dividends declared on preferred stock and interest on capital notes and debentures. . Cash dividends declared on common stock. . 1,493 5,052 18,797 16,319 5 1,488 15 5,037 15 18,782 N et additions to capital from profits......... 1,451 5,886 M em oranda Recoveries credited to reserve accounts (not included in recoveries above): On securities.......................................................... On loans.................................................................. Losses charged to reserve accounts (not in cluded in losses above): On securities.......................................................... On loans.................................................................. 3 133 1.174 1.174 23,333 5,946 32,314 4,020 10,153 2,220 2,044 9,759 2,422 12,748 2,018 3,668 1,108 803 125 16,194 5 9,754 18 2,404 36 12,712 2,018 1 3,667 1,108 803 14,309 30,970 13,574 3,524 19,566 2,002 6,485 1,112 1,242 10 153 633 15 1,594 5 434 11 255 125 1,372 179 4 594 78 59 2 418 105 587 690 3,087 5,324 3,132 5 1,029 9 571 1,272 1,957 404 566 988 196 112 Average assets and liabilities1 Assets— to ta l........................................................... Cash and due from banks.................................. United States Government obligations......... Other securities..................................................... Loans and discounts............................................ All other assets..................................................... 561,086 100,877 181,131 37,792 233,067 8,219 2,073,509 424,480 758,620 141,900 718,721 29,788 5,162,970 1,095,966 1,467,117 353,405 2,151,688 94,794 8,007,073 1,470,916 3,117,629 666,371 2,662,557 89,600 3,711,142 752,063 1,174,182 318,572 1,431,024 35,301 1,033,077 249,493 286,439 143,995 341,088 12,062 5,666,421 1,357,155 1,742,196 410,554 2,103,024 53,492 723,417 154,416 276,931 55,668 229,470 6,932 1,588,471 358,928 551,477 131,004 535,411 11,651 305,566 50,468 118,989 17,638 112,923 5,548 311,235 63,766 88,041 23,478 132,677 3,273 Liabilities and capital— to ta l.......................... Total deposits....................................................... Demand deposits............................................... Time and savings deposits.............................. Borrowings and other liabilities....................... Total capital accounts........................................ 561,086 507,521 296,225 211,296 4,698 48,867 2,073,509 1,915,160 1,400,581 514,579 15,874 142,475 5,162,970 4,621,569 8,890,501 731,068 93,845 447,556 8,007,073 7,443,184 4,438,675 3,004,509 91,890 471,999 3,711,142 3,409,672 2,328,105 1,081,567 37,683 263,787 1,033,077 954,525 782,821 171,704 4,944 73,608 5,666,421 5,238,161 4,286,520 951 M l 46,883 381,377 723,417 681,258 548,062 183,196 5,318 36,841 1,588,471 1,460,769 1,297,182 168,587 12,523 115,179 305,566 284,546 191,989 92,557 3,220 17,800 311,235 277,589 193,432 84,157 2,217 31,429 Number of active officers, December 3 1 ........... Number of other employees, December 3 1 . . . . 373 1,630 940 5,012 1,970 13,651 2,485 17,318 2,849 8,093 911 2,367 2,863 10,757 497 1,539 1,367 2,884 178 931 245 782 Number of banks, December 3 1 .......................... 52 151 170 412 669 194 585 113 379 6 63 N ote: Due to rounding differences, data may not add precisely to the indicated totals. 1 Asset and liability items are averages of figures reported at beginning, middle, and end of year. Back figures, 1946-1954: See the Annual Report for 1954, pp. 150-159, and earlier reports. BANKS 1.994 1.994 INSURED 6,226 6,226 OF 3,410 3,329 82 DIVIDENDS 23,549 . 22,883 666 AND 2.564 2.564 EXPENSES, 2.143 2.143 E AR N IN G S, Taxes on net incom e— to ta l............................ Federal.................................................................... State........................................................................ T a b le 1 1 4. 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 i n t h e U n i t e d S t a t e s ( C o n t i n e n t a l U . S. a n d O t h e r A r e a s ), b y S t a t e , 1955—Continued (Amounts in thousands of dollars) New Jersey Earnings or expense item New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina 87,384 14,567 5,410 50,443 1,124 4,615 19,309 4,729 765 9,821 143 1,264 307,855 77,728 16,699 165,843 2,816 15,937 74,524 13,964 4,100 45,478 248 5,256 67,162 12,576 4,109 40,531 614 5,225 446,579 88,011 33,793 255,423 2,913 15,648 30,270 5,442 1,113 17,986 3 1,255 30,109 6,394 1,575 16,520 64 2,411 2,696 6,545 6,210 461 209 464 27,767 96,833 56,731 6,267 2,659 2,303 2,073 79 437 5,227 11,847 11,759 1,256 710 3,513 1,166 1,378 1,564 6,465 29,538 14,788 343 2,445 1,682 2,211 420 514 Current operating expenses— to ta l.............. Salaries— officers.................................................. Salaries and wages— employees....................... Fees paid to directors and members of execu tive, discount, and other committees . . . . Interest on time and savings deposits........... Interest and discount on borrowed money. . Taxes other than on net income...................... Recurring depreciation on banking house, furniture and fixtures..................................... Other current operating expenses.................... 141,535 20,388 43,629 11,884 2,401 3,607 701,284 92,768 262,185 54,565 11,643 15,280 11,622 3,236 2,629 197,085 27,863 55,462 44,020 11,068 11,767 43,647 7,361 13,179 267,977 43,060 84,763 20,709 2,672 6,357 18,311 4,386 5,707 1,876 27,099 421 7,620 119 1,569 1 585 4,094 92,211 7,584 19,998 494 7,767 536 1,666 141 1,969 20 315 1,948 41,146 991 17,990 493 4,680 348 909 155 11,635 181 983 4,121 42,499 1,497 12,462 212 4,598 64 1,220 274 1,435 27 328 5,323 35,180 535 3,067 13,766 208,678 1,880 15,301 279 3,034 4,851 46,832 1,681 13,075 1,438 8,714 8,463 71,109 633 4,954 642 5,512 Net current operating earnings..................... 62,236 6,143 499,726 32.820 7,687 110,772 30,504 23,515 178,603 9,561 11,798 7,495 379 61,536 3,265 556 11,606 1,565 997 16,619 1,258 332 157 1,130 1,381 2 92 3 238 25 15 207 1,924 2,783 1,836 25 220 275 10 25 1,498 11,416 9,305 996 1,738 6,306 360V 177 844 2,401 1,583 130 120 104 7,440 22,014 9,862 301 1,675 956 91 93 125 672 3,337 1,055 797 50 198 214 171 1,122 3,922 2,536 20 266 435 111 17 89 22,794 2,177 165,382 8,108 1,872 33,792 6,142 3,105 52,321 4,776 2,775 6,082 783 249 75 48,732 9,574 2,165 12 296 8,333 7,368 2,536 16 901 13,773 5,301 2,218 1,153 186 548 11,243 4,140 249 1,301 303 4,265 92,462 10,350 313 4,171 1,446 93 1,076 406 886 14,620 2,585 1,366 1,741 483 45 1,658 501 822 22,539 9,887 29 1,355 1,175 186 816 434 46,937 4,344 395,879 27,978 6,372 88,585 25,927 21,407 142,900 6,042 9,354 Recoveries, transfers from reserve ac counts, and profits— to ta l........................ On securities: Recoveries........................................................ Transfers from reserve accounts................. Profits on securities sold or redeemed. . . . On loans: Recoveries.......................................................... Transfers from reserve accounts ........... All other................................................................. Losses, charge-offs, and transfers to re serve accounts— to ta l................................. On securities: Losses and charge-offs.................................... Transfers to reserve accounts...................... On loans: Losses and charge-offs.................................... Transfers to reserve accounts...................... All other................................................................. Net before income taxes. Digitized forprofits FRASER .................. 603 55 1 59 CORPORATION 1,201,009 215,039 67,496 680,822 12,096 44,225 INSURANCE 18,026 3,911 325 10,918 224 1,515 DEPOSIT 203,771 45,071 15,368 113,184 1,168 13,529 FEDERAL Current operating earnings— to ta l.............. Interest on U. S. Government obligations. . Interest and dividends on other securities. . Interest and discount on loans......................... Service charges and fees on bank’s loans. . . Service charges on deposit accounts............... Other service charges, commissions, fees, and collection and exchange charges......... Trust department................................................ Other current operating earnings.................... Taxes on net incom e— to ta l............................ Federal.................................................................... 15.178 15.178 1.997 1.997 163,414 145,622 17,792 11,671 11,224 447 2,832 2,718 114 31.815 31.815 10,267 9,610 658 9,819 8,155 1,664 58.144 58.144 2,143 1,913 280 4,125 3,818 308 15,660 11,588 84,757 3,899 5,228 21,963 5.407 5.893 46,732 2.365 2.441 722 12,953 1 919 1,198 146,377 1 5,535 1.720 20 21,943 5.407 5.893 21 46,711 2.365 2.441 Net additions to capital from profits......... 18,084 1,429 84,890 10,771 1,821 34,808 10,253 5,695 38,025 1,534 2,787 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................................................................. 29 897 308 1.961 6,746 182 157 148 1,579 664 252 46 2,012 90 94 1,003 2,060 568 15,134 23,294 1 741 391 13,946 2,243 1,191 572 4,252 6,303 374 63 288 Average assets and liabilities1 Assets— to ta l........................................................... Cash and due from banks................................. United States Government obligations......... Other securities..................................................... Loans and discounts........................................... All other assets..................................................... 6,143,571 1,002,448 2,086,324 741,440 2,221,990 91,369 533,860 41,474,039 15] ,222 9,599,279 185,650 10,797,422 17,352 3,091,825 173,282 17,135,974 6,354 849,539 2,509,684 583,346 683,463 265,886 943,012 33,977 527,518 10,261,077 82,186 2,021,523 215,546 3,759,376 40,004 786,463 185,048 3,577,763 4,734 115,952 2,349,132 675,364 675,154 207,052 766,901 24,661 1,908,314 335,187 600,718 189,692 752,942 29,775 13,642,781 2,663,132 4,077,211 1,433,573 5,271,776 197,089 864,955 129,910 270,237 60,324 389,134 15,350 889,895 216,291 295,940 80,602 287,247 9,815 Liabilities and capital— to ta l.......................... Total deposits....................................................... Demand deposits............................................... Time and savings deposits.............................. Borrowings and other liabilities...................... Total capital accounts........................................ 6,143,571 5,666,017 3,386,631 2,279,386 54,064 423,490 533,860 41,474,039 502,939 36,820,654 404,397 30,261,943 98,542 6,558,711 2,505 1,218,374 28,416 3,435,011 2,509,684 2,277,304 1,736,329 540,975 48,905 183,475 527,518 10,261,077 485,671 9,493,300 355,375 6,211,893 130,296 3,281,407 4,128 86,976 37,719 680,801 2,349,132 2,158,798 1,881,714 277,084 15,390 174,944 1,908,314 1,752,242 1,108,633 643,609 24,394 131,678 13,642,781 12,184,328 8,534,784 3,649,544 160,719 1,297,734 864,955 788,065 498,609 289,456 11,940 64,950 889,895 818,324 700,176 118,148 6,693 64,878 Number of active officers, December 3 1 ........... Number of other employees, December 3 1 .. . . 2,457 14,588 326 1,330 8,007 74,407 1,601 5,726 537 1,126 3,531 18,423 1,741 4,545 1,043 4,165 5,420 28,858 284 2,330 679 2,242 Number of banks, December 3 1 .......................... 294 51 499 219 149 620 377 47 804 8 139 Note: Due to rounding differences, data may not add precisely to the indicated totals. 1 Asset and liability items are averages of figures reported at beginning, middle, and end of year. Back figures, 1946-1954: See the Annual Report for 1954, pp. 150-159, and earlier reports. BANKS 56,771 1.720 INSURED 3,541 5,536 OF 16,307 147,575 DIVIDENDS 232,466 920 AND 2,347 13,675 EXPENSES, 31,759 E AR N IN G S, N et profits after incom e taxes........................ Dividends and interest on capital— to ta l. . Dividends declared on preferred stock and interest on capital notes and debentures. . Cash dividends declared on common stock. . Ox oo T a b le 114. 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 in t h e U n i t e d S t a t e s ( C o n t i n e n t a l U . S. a n d O t h e r A r e a s ) , b y S t a t e , 1 9 5 5 — C o n tin u e d (Amounts in thousands of dollars) _____________________________________________________________________________ ____________________________________________________________ Earnings or expense item South Dakota Tennessee Texas Vermont Utah Virginia Washington West Virginia Wisconsin Wyoming 29,618 5,656 913 18,063 1,147 1,652 12,834 2,009 599 8,703 119 758 98,092 18,365 4,221 61,703 726 5,477 91,811 14,608 5,594 54,685 1,231 8,765 39,403 10,326 1,537 22,704 338 1,356 114,947 32,148 6,489 62,519 865 5,851 11,202 2,631 435 6,396 115 787 1,809 126 441 2,508 1,697 2,799 4,639 5,575 15,164 931 687 571 165 216 265 1,985 3,339 2,276 2,593 2,308 2,029 826 1,113 1,202 1,983 1,890 3,202 382 57 399 Current operating expenses— to ta l.............. Salaries— officers.................................................. Salaries and wages— employees....................... Fees paid to directors and members of execu tive, discount, and other committees. .. . Interest on time and savings deposits........... Interest and discount on borrowed money. . Taxes other than on net income...................... Recurring depreciation on banking house, furniture and fixtures..................................... Other current operating expenses.................... 14,123 4,067 3,173 57,821 10,448 14,750 188,834 40,200 50,814 18,747 2,952 4,999 9,639 1,405 1,990 63,694 11,570 16,639 61,472 10,267 19,960 22,749 4,552 5,943 75,078 16,391 19,279 7,051 1,689 1,822 271 2,404 14 296 544 12,635 301 3,407 2,224 17,927 741 15,984 263 4,971 32 349 190 3,546 11 186 954 14,372 245 2,917 264 11,927 155 1,450 448 4,238 89 946 1,407 14,915 261 1,750 127 1,281 15 304 357 3,541 1,786 13,950 7,134 53,812 443 4,738 259 2,052 2,370 14,627 2,290 15,159 894 5,639 2,133 18,940 264 1,549 N et current operating earnings..................... 8,353 32,118 118,780 10,872 3,194 34,398 30,340 16,654 39,870 4,150 553 2,952 9,077 513 308 2,733 2,264 1,103 5,816 450 29 5 245 414 1,066 700 269 955 992 45 76 34 2 11 62 46 916 460 702 114 525 12 2 477 1,837 2,760 624 12 132 11 133 264 215 292 2,935 1,222 2,704 135 122 102 69 17 147 301 602 410 103 78 743 264 85 263 197 93 306 154 1 225 1,621 8,750 31,403 3,436 916 9,148 8,520 2,926 14,517 916 234 3,574 926 6,475 270 1,942 303 3 3,103 2,443 1,812 1,233 1,093 12 7,968 200 229 192 915 281 425 3,097 729 4,674 16,590 3,395 101 1,302 92 64 422 124 418 2,418 766 194 3,368 1,913 293 1,281 246 138 5,417 793 266 340 81 7,285 26,320 96,454 7,949 2,586 27,983 24,084 14,831 31,170 3,684 Losses, charge-offs, and transfers to re serve accounts— to ta l................................. On securities: Losses and charge-offs.................................... HTtqr*afora fn rPQAfVA On loans: Losses and charge-offfe.................................... Transfers to reserve accounts...................... All other................................................................. Net profits before income taxes.................... 59 COR PO R ATIO N 307,612 53,102 15,073 192,804 5,622 15,636 INSURANCE 89,939 15,842 4,429 59,393 607 2,665 DEPOSIT 22,476 5,143 771 12,549 178 1,461 FEDERAL Current operating earnings— to ta l.............. Interest on U. S. Government obligations.. Interest and dividends on other securities. . Interest and discount on loans......................... Service charges and fees on bank’s loans. . . Service charges on deposit accounts............... Other service charges, commissions, fees, and collection and exchange charges......... Trust department................................................ Other current operating earnings.................... Recoveries, transfers from reserve ac counts, and profits— to ta l........................ On securities: Recoveries.......................................................... Troncfora from taqafva Profits on securities sold or redeemed. . . . On loans: Recoveries.......................................................... Transfers from reserve accounts................. All other................................................................. Cn ^ 3,084 2,924 160 11,009 10,817 192 39.831 39.831 3,189 3,057 131 972 874 98 10.507 10.507 9.909 9.909 N et profits after incom e taxes........................ 4,201 15,311 56,624 4,760 1,615 17,476 Dividends and interest on capital— to ta l.. Dividends declared on preferred stock and interest on capital notes and debentures.. Cash dividends declared on common stock. . 1,757 6,661 27,721 2,171 818 7,463 2 1,755 6,661 27,720 5 2,165 38 780 N et additions to capital from profits......... 2,444 8,650 28,903 2,590 6,280 6,280 10,922 10,557 365 1,621 1,621 14,175 8,552 20,248 2,063 5.923 3,012 7,562 723 45 7,417 5.923 2 3,011 94 7,468 6 717 797 10,014 8,253 5,539 12,685 1,340 2 394 462 148 7 493 91 284 378 899 47 5,744 401 2 127 2,300 1,036 1,301 686 321 37 1,146 11 99 Average assets and liabilities1 Assets— to ta l........................................................... Cash and due from banks................................. United States Government obligations......... Other securities..................................................... Loans and discounts............................................ All other assets..................................................... 628,722 113,519 249,998 35,813 224,033 5,359 2,757,349 710,987 755,910 187,680 1,064,940 37,832 10,260,753 3,063,452 2,553,969 580,742 3,869,998 192,592 846,272 183,458 274,115 44,630 334,646 9,423 330,963 47,013 92,189 28,097 159,595 4,069 2,808,329 607,761 873,424 191,966 1,093,340 41,838 2,519,914 525,945 668,256 241,625 1,048,215 35,873 1,180,715 253,198 468,283 70,636 374,640 13,958 3,913,947 714,966 1,502,943 311,606 1,346,264 38,168 349,762 85,360 134,996 19,942 106,289 3,175 Liabilities and capital— to ta l.......................... Total deposits........................................................ Demand deposits............................................... Time and savings deposits.............................. Borrowings and other liabilities...................... Total capital accounts........................................ 628,722 582,086 486,638 145,458 3,207 43,429 2,757,349 2,539,570 1,860,012 679,558 25,995 191,784 10,260,753 9,508,908 8,198,805 1,310,608 73,067 678,778 846,272 787,443 528,260 259,183 7,318 51,511 330,963 296,632 119,241 177,391 2,511 31,820 2,808,329 2,571,804 1,674,237 897,567 26,878 209,647 2,519,914 2,329,511 1,655,775 673,736 24,682 165,721 1,180,715 1,062,040 754,201 807,839 10,401 108,274 3.913,947 3,634,821 2,213,158 1 , 421,668 19,207 259,919 349,762 324,613 248,226 76,887 1,965 23,184 Number of active officers, December 3 1 ........... Number of other employees, December 3 1 . . . . 688 1,336 1,644 5,764 5,350 18,634 395 1,905 239 764 1,810 6,510 1,229 6,718 711 2,231 2,306 7,389 252 640 Number of banks, December 3 1 .......................... 171 292 899 51 61 316 100 177 547 53 N ote: Due to rounding differences, components may not add precisely to the indicated totals. 1 Asset and liability items are averages of figures reported at beginning, middle, and end of year. Back figures, 1946-1954: See the Annual Report for 1954, pp. 150-159, and earlier reports. BANKS 28 INSURED 123 OF 67 2,896 DIVIDENDS 581 AND 195 EXPENSES, 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.................................................................. E AR N IN G S, Taxes on net incom e— to ta l............................ Federal.................................................................... Oi Oi Table 115. I ncom e, E xpen ses, D iv id e n d s of I n s u r e d M (Amounts in thousands of dollars) and S a v in g s B a n k s , 1951 1952 1951-1955 1953 1954 1955 801,682 150,657 99,190 528,426 51+5,81+1 15,623 1,792 7,322 -17 21+7 261+ 8,171 7,933 Current operating expense— to ta l...................................................................................................................... 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 recurring depreciation)— net. Occupancy, maintenance, etc. o f bank prem ises (including taxes and recurring depreciation) — gross. L e ss : In com e from bank bu ild in g ....................................................................................................................... Deposit insurance assessments.............................................................................................................................. Furniture and fixtures (including recurring depreciation)............................................................................. All other current operating expense..................................................................................................................... 106,654 18,030 37,707 8,939 1,872 11,589 IS,2 US 6,659 5,907 2,280 20,330 116,763 19,249 40,996 10,648 2,123 12,162 19,10U 6,91,2 6,203 2,387 22,995 127,336 21,142 44,351 11,566 2,303 13,521 20,926 7,1+05 6,837 2,445 25,171 139,931 22,870 48,074 12,623 2,526 15,019 22,1+95 7,1+76 7,562 2,755 28,502 147,678 24,200 50,879 13,544 2,697 15,094 22,793 7,699 7,979 2,790 30,495 Net current operating in co m e............................................................................................................................. 407,163 451,735 519,731 581,392 654,004 6.094 6.094 9,189 6,962 2,227 8,569 6,459 2,110 10,643 7,231 3,412 9,047 7,818 1,229 Net current operating income after taxes. 401,069 442,546 511,162 570,749 644,957 Dividends and interest on deposits............. 282,235 365,481 414,951 466,119 536,256 118,834 77,065 96,211 104,630 108,701 128,790 21,045 57,917 14,893 36,962 12,372 59,228 12,334 44,430 11,586 8,567 484 300 2,843 5,243 155 216 240 5,287 783 304 1,489 23,914 389 219 943 18,070 481 3,179 977 11,968 80,676 373 2,534 12,223 24,692 111 144 6,132 9,965 275 355 10,858 8,450 126 1,995 1,878 7,710 157 392 Interesl and discount on real estate mortgage loans— L e ss : M ortgage servicing f e e s ................................................. P rem iu m amortization ................................................. Interest and discount on other loans and discounts— net Income on real estate other than bank building— net In com e on real estate other than bank building — gross. . . L e ss : Operating exp e n se ......................................................... Income on other assets.............................................................. Income from service operations............................................ Franchise and incom e taxes— to ta l. State franchise and income taxes . . . . Federal income taxes............................. N et current operating income after taxes and dividends............................................................................. Non-recurring incom e, realized profits and recoveries credited to profit and loss, and transfers from valuation adjustm en t provisions— to ta l....................................................................................................... Non-recurring income..................................................................................................................................................... Realized profits and recoveries on: Securities sold or matured........................................................................................................................................ Real estate mortgage loans....................................................................................................................................... Other real estate.......................................................................................................................................................... All other assets............................................................................................................................................................. Transfers from valuation adjustment provisions1 on: Securities........................................................................................................................................................................ Real estate mortgage loans....................................................................................................................................... Other real estate.......................................................................................................................................................... Digitized for AllFRASER other assets............................................................................................................................................................. C O R PO R ATIO N 721,323 155,869 96,205 447,022 1+61,769 11,922 2,825 6,642 86 292 206 7,746 7,753 INSURANCE 647,067 164,630 82,003 381,895 396,26k 9,1+83 1+,886 5,184 77 338 261 7,171 6,107 DEPOSIT 568,498 163,879 62,958 326,785 31+0,1+97 7,666 6,01+6 4,068 102 5S3 1+31 5,833 4,873 FEDERAL 513,817 171,169 49,630 279,405 291,790 6.051 6,331+ 3,878 163 699 536 5.052 4,520 Current operating incom e— to ta l.............................. Interest on U. S. Government obligations................ Interest and dividends on other securities................ Interest and discount on real estate mortgage loans- -net. 156 Sources and disposition of incom e utual N et additions to total surplus accounts from operations. 25,264 179 20 200 25,875 176 12,773 112 21,673 636 62 28,333 152 39 106 49 551 823 52,574 18,580 37 2,913 14,359 15,474 63 4,100 10,639 17,005 11 2,066 12,403 20,380 7 4,496 10,630 19,219 42 3,174 123,133 50,959 62,666 98,808 86,746 445 274 135 69 15 33 10 1 220 41 23 50 110 1 101 105 218 9,175 255 294 108 14,581 882 206 616 12,523 469 7,527 166 234 45 4,250 326 180 326 16.694.810 662,190 7,292,576 1,662,971 6,764,780 79,331 3,386 229,576 17.905.674 728,979 6,755,471 2,064,761 8,012,488 85,996 2,675 255,304 19.625.429 744,369 6,620,535 2,591,176 9,288,364 102,768 2,432 275,785 21.872.622 874,215 6,755,391 3,015,662 10,802,477 120,350 2,957 301,570 22.740.783 809,152 5,993,243 3,008,656 12,467,355 130,165 2,019 330,193 24 17.905.674 16,102,806 19.625.429 17,718,957 21.872.622 19,738,300 22.740.783 20,577,403 1 6 ,0 8 0 ,0 1 5 22 ,791 1 7 ,6 8 8 ,7 7 7 3 0 ,1 8 0 1 9 ,6 9 4 ,9 8 1 4 3 ,3 1 9 80,463 1,613,414 93,253 1,709,615 119,359 1,787,113 159,912 1,974,410 2 0 ,5 2 5 ,6 2 9 5 1 ,7 7 4 1,714 11,530 1,810 11,932 1,908 12,525 1,999 13,227 2,042 13,618 219 218 220 202 199,228 1,964,152 1 Includes “ Valuation reserves” and “ Other asset valuation provisions (direct write-downs)” . 2 Asset and liability items are averages of figures reported at beginning, middle, and end of year. Back figures, 1 9 3 4 -1 9 5 0 : Data for 1934-1950, which however are not comparable with figures for 1951-1955, may be found in the following Animal Reports: 1950, pp. 272-273, and 1941, p. 173. BANKS 16.694.810 15,000,933 1 4 ,9 8 2 ,4 1 1 1 8 ,5 2 2 INSURED Number of banks, December 31. 66,385 10,087 OF Number of active officers, December 31. . . Number of other employees, December 31. 65,050 14,279 DIVIDENDS Liabilities and surplus accounts— total. Total deposits.................. ................................ Savings and time d eposits .......................... D em an d d eposits ........................................... Other liabilities................................................ Total surplus accounts................................... 70,507 12,156 AND Average assets and liabilities2 Assets— to ta l.................................................... Cash and due from banks.......................... United States Government obligations. . Other securities.............................................. Real estate mortgage loans........................ Other loans and discounts.......................... Other real estate............................................ All other assets.............................................. 84,023 23,804 E X P E N S E S, Mem oranda Recoveries credited to valuation adjustm en t provisions1 (not included in recoveries above) on : Securities. Real estate mortgage loans..................................................................................................................................................... Other real estate........................................................................................................................................................................ All other assets........................................................................................................................................................................... Realized losses charged to valuation adjustm en t provisions1(not included in realized losses above) on Securities. Real estate mortgage loans. Other real estate.................... All other assets....................... 124,491 24,724 EAR N IN G S. Non-recurring expense, realized losses charged to profit and loss, and transfers to valuation ad ju stm e n t provisions— to ta l......................................................................................................................................... Non-recurring expense............................................................................................................................................................ Realized losses on: Securities sold....................................................................................................................................................................... Real estate mortgage loans............................................................................................................................................... Other real estate.................................................................................................................................................................. All other assets..................................................................................................................................................................... Transfers to valuation adjustment provisions1 on: Securities................................................................................................................................................................................ Real estate mortgage loans............................................................................................................................................... Other real estate.................................................................................................................................................................. All other assets..................................................................................................................................................................... Oi Table 116. R a t io s of In com e, E xpen ses, and D iv id e n d s of I nsured M Sources and disposition of incom e utual 1951 S a v in g s B a n k s , 1952 1951-1955 1953 1954 1955 $100.00 21.61 13.34 61.97 .92 1.09 1.07 $100.00 18.79 12.37 65.92 .91 1.02 .99 Current operating expense— to ta l....................................................................................................................................... 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 recurring depreciation)— net................. Deposit insurance assessments............................................................................................................................................... Furniture and fixtures (including recurring depreciation).............................................................................................. All other current operating expense...................................................................................................................................... 20.76 3.51 7.34 1.74 .36 2.26 1.15 .44 3.96 20.54 3.39 7.21 1.87 .37 2.14 1.09 .42 4.05 19.68 3.27 6.85 1.79 .35 2.09 1.06 .38 3.89 19.40 3.17 6.67 1.75 .35 2.08 1.05 .38 3.95 18.42 3.02 6.35 1.69 .34 1.88 .99 .35 3.80 Net current operating in co m e.............................................................................................................................................. 79.24 79.46 80.32 80.60 81 58 Franchise and incom e taxes— to ta l.................................................................................................................................... State franchise and income taxes........................................................................................................................................... Federal income taxes................................................................................................................................................................. 1.18 1.18 1.62 1.23 .39 1.32 1.00 .32 1.47 1.00 .47 1.13 .98 .15 N et current operating incom e after taxes....................................................................................................................... 78.06 77.84 79.00 79.13 80.45 Dividends and interest on deposits.................................................................................................................................... 54.93 64.29 64.13 64.62 66.89 Net current operating income after taxes and dividends........................................................................................ 23.13 13.55 14.87 14.51 13.56 CO R PO R ATIO N $100.00 25.44 12.67 59.02 .80 1.12 .95 INSURANCE $100.00 28.83 11.07 57.48 .72 1.04 .86 DEPOSIT 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.............................................................................................................................................. $100.00 33.31 9.66 54.38 .75 1.02 .88 FEDERAL A m ounts per $100 of current operating incom e 2.35 2.98 4.13 4.89 1.88 7.63 2.43 3.05 4.08 4.73 2.27 2.98 Assets— to ta l........................................................................................................................................... Cash and due from banks................................................................................................................. United States Government obligations......................................................................................... Other securities. .*................................................................................................................................ Real estate mortgage loans............................................................................................................... Other loans and discounts................................................................................................................. Other real estate.................................................................................................................................. All other assets..................................................................................................................................... 100.00 3.97 43.68 9.96 40.52 .48 1.37 .01 .01 1.43 1.41 1.38 1.45 Liabilities and surplus accounts— to ta l.................................................................................... Total deposits....................................................................................................................................... Savings and time deposits............................................................................................................... Demand deposits............................................................................................................................... Other liabilities..................................................................................................................................... Total surplus accounts....................................................................................................................... 100.00 100.00 100.00 90.28 90.13 .15 .61 9.11 100.00 90.24 90.0U .48 9.67 89.93 89.80 .13 .52 9.55 .73 9.03 100.00 90.49 90.26 .23 .87 8.64 Number of banks, December 3 1 .......................................................................................................... 202 206 219 218 220 .19 .27 .19 .36 .32 .30 .45 .29 .38 2.49 3.16 4.11 5.04 2.35 3.51 2.31 3.19 4.14 5.52 2.37 5.00 2.51 3.30 4.24 5.63 2.61 4.42 100.00 100.00 4.07 37.73 11.53 44.75 .48 3.79 33.74 13.20 47.33 .52 100.00 4.00 30.88 13.79 49.39 .55 100.00 3.56 26.36 13.23 54.82 .57 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 Assets and liabilities per $100 of total assets1 .02 89.85 89.7 U .11 .01 .20 .01 1 Asset and liability items are averages of figures reported at beginning, middle, and end of year. 5 Includes “ Valuation reserves” and “ Other asset valuation provisions (direct write-downs)” . Back figures, 193U and 19U1-1950: Data for 1934 and 1941-1950, which however are not comparable with figures for 1951-1955, may be found in the following Annual Reports: 1950, pp. 274-275, and 1947, pp. 156-157. BANKS .47 .28 2.11 INSURED .74 .74 .49 .05 2.61 2.13 .48 3.53 .65 2.88 .04 2.84 2.36 .48 2.66 OF .32 3.30 .64 DIVIDENDS .77 3.30 .65 2.65 .05 2.60 AND 3.17 .65 2.52 .05 2.47 2.04 .43 EXPEN SES, 3.08 .64 2.44 .04 2.40 1.69 .71 E A R N IN G S, Am ounts per $100 of total assets1 Current operating income— total.......................................................................................................................................... Current operating expense— total......................................................................................................................................... Net current operating income................................................................................................................................................ State franchise and income taxes.......................................................................................................................................... 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 pro visions2— total............................................................................................................................................................................. Net additions to total surplus accounts from operations.................................................................................................... D e p o s it Insurance D is b u r s e m e n t s Table 117. Disbursements, deposits, and depositors in insured banks placed in receivership and in insured banks of which deposits were assumed by another insured bank with the financial aid of the Federal Deposit Insurance Corporation, 1934-1955 Banks grouped by class of bank, year of receivership or deposit assumption, amount of deposits, and State Table 118. Assets and liabilities, at date of closing, of insured banks placed in receivership and of insured banks of which deposits were assumed by another insured bank with the financial aid of the Federal Deposit Insurance Corporation, 1934-1955 Table 119. Name, location, Federal Deposit Insurance Corporation disbursement, and assets and liabilities, insured banks placed in receivership or of which deposits were assumed by another insured bank with the financial aid of the Corporation, 1955 Table 120. Recoveries and losses by the Federal Deposit Insurance Corporation on potentially recoverable disbursements for protection of depositors in insured banks placed in receivership and in insured banks of which deposits were assumed by another insured bank with the financial aid of the Corporation, 1934-1955 DEPOSIT No noninsured bank failed in 1955. 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; 1950, p. 277; 1951, p. 187; 1952, p. 139; 1953, p. 131; and 1954, p. 165. Sources o f data Insured banks: books of bank at date of closing; and books of FDIC, December 31, 1955. D IS B U R S E M E N T S Noninsured bank failures INSURANCE Disbursem ents by the Federal Deposit Insurance Corporation to protect depositors are made when insured banks in financial difficulties are placed in receivership, or when the deposits of a failing bank are assumed by another insured bank with the financial aid of the Corporation. In receiverships the disbursement is the amount paid by the Corporation on insured deposits. In deposit assumption cases the principal disbursement is the amount loaned to failing banks, or the price paid for assets purchased from them; additional disbursements are made in those cases as advances for protection of assets in process of liquidation and for liquidation expenses. Table 117. D is b u r s e m e n t s , D e p o s it s , a n d D e p o s it o r s in I n s u r e d B a n k s P l a c e d i n R e c e i v e r s h i p a n d i n I n s u r e d B a n k s o f w h ic h D e p o s i t s w e r e A s s u m e d b y A n o t h e r I n s u r e d B a n k 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 , 1 9 3 4 -1 9 5 5 BAN KS GROUPED B Y CLASS OF B A N K , YEAR OF RECEIVERSHIP OR DEPOSIT ASSUMPTION, AMOUNT OF DEPOSITS, AND STATE Disbursements by FDIC (in thousands of dollars) Deposit ass umption cases Classification Deposits (in thousands of dollars)1 Number of banks Re ceiver ships Deposit assump tion cases Receiver ships Deposit assump tion cases Number of depositors1 Receiver ships Deposit assump tion cases4 197,303 46,383 429 249 180 571,907 116,088 455,819 1,410,609 390,808 1,019,801 Class of bank 61,894 State banks members F. R . S. 120,473 Banks not members F. R . S .. 152,822 17,759 20,934 52,810 38,075 80,271 78,957 6,060 19,268 21,055 75 22 332 23 6 220 52 16 112 117,153 187,656 267,098 24,079 26,537 65,472 93,074 161,119 201,626 295,992 368,424 746,193 61,049 82,818 246,941 234,943 285,606 499,252 Year 1934 1935............................................. 1936............................................. 1937............................................. 1938............................................. 941 9,162 15,715 20,042 35,381 941 6,025 8,056 12,044 9,092 2,865 6,725 7,116 21,387 272 934 882 4,902 9 25 69 75 74 9 24 42 50 50 1 27 25 24 1,968 13,320 27,508 33,349 59,684 1,968 9,091 11,241 14,960 10,296 4,229 16,267 18,389 49,388 15,767 44,655 89,018 130,387 203,961 15,767 32,331 43,225 74,148 44,288 12,324 45,793 56,239 159,673 1939............................................. 1940............................................. 1941............................................. 1942............................................. 1943............................................. 85,373 91,366 25,356 11,901 7,244 26,197 4,895 12,278 1,612 5,500 41,573 69,239 11,602 9,213 1,672 17,603 17,232 1,476 1,076 72 60 43 15 20 5 32 19 8 6 4 28 24 7 14 1 157,772 142,430 29,717 19,185 12,525 32,738 5,657 14,730 1,816 6,637 125,034 136,773 14,987 17,369 5,888 392,718 256,361 73,005 60,688 27,371 90,169 20,667 38,594 5,717 16,917 302,549 235,694 34,411 54,971 10,454 1944............................................. 1945 1946 1947 1948 1949 1,540 1,865 276 2,003 3*188 2/717 404 1,099 1,768 265 1,724 2,990 2,552 37 97 11 279 198 165 2 1 1 5 3 4 1 1 1 1 5 3 4 1,915 5,695 347 7,040 10,674 5,475 456 1,459 5,695 347 7,040 10,674 5,475 5,487 12,483 1,383 10,637 18,540 5,671 899 4,588 12,483 1,383 10,637 18,540 5,671 1950 1951 1952 1953 1954 1955............................................. 4,414 2,002 1,547 5,333 975 6,848 4,459 3,986 1,885 1,369 5,017 913 2,343 428 117 178 316 62 46 4 2 3 2 2 5 4 4 2 3 2 2 1 5,502 3,408 3,171 18,262 997 11,963 6,498 5,502 3,408 3,171 18,262 997 5,465 6,365 5,276 6,752 24,469 1,807 17,808 8,086 6,365 5,276 6,752 24,469 1,807 9,722 Banks with deposits of— $100,000 or less........................ $100,000 to $250,000.............. $250,000 to $500,000.............. $500,000 to $1,000,000........... 5,145 13,056 15,179 35,440 4,308 11,554 10,223 16,232 690 1,352 4,365 17,201 147 150 591 2,007 107 109 59 M 83 86 36 27 24 23 23 36* 6,426 17,759 20,976 52,618 4,947 13,920 12,462 20,374 1,479 3,839 8,514 32,244 38,350 83,370 89,949 162,577 29,695 65,512 56,777 67,217 8,655 17,858 33,172 95,360 $1,000,000 to $2 ,000,000. . .. $2,000,000 to $5,000,000. . -. nnn non ^in Ann , vnon ^OiU UUjU UU lO ^lU^Uvv U v. . • $10,000,000 to $25,000,000. . $25,000,000 to $50,000,000. . 34,356 54,422 28 175 51 >45 98,371 8,961 14,549 22,179 34,392 23,4.00 2ojo71 73,653 3,216 5,481 4,775 5,298 24,718 42 30 i1> ' *0Z. 5 4 9 6 83 24 10 3 4 60,554 92,047 65,397 96,712 159,418 11,748 19,993 48,806 72,054 65,397 64,068 159,418 193,531 229,544 170,841 170,119 272,328 54,324 56,112 139,207 173,432 170,841 108,948 272,328 25,676 2 !i Total 32,644 Total 61,171 C O R PO R ATION 91,503 Total INSURANCE 335,189 All b anks...................................... Liquidation Principal* expenses and advances DEPOSIT Re ceiver ships2 FEDERAL Total Florida............... Georgia............. Idaho................. Illinois................. Indiana............... 313 941 1,507 9,903 6,580 203 846 1,507 1.242 3,096 7,983 3,101 678 Iowa.................... Kansas.............. . Kentucky......... Louisiana.......... Maine................ 1,569 1,046 5,579 668 2,389 385 482 3,329 1,071 492 2,126 Maryland......... Massachusetts. . Michigan.......... Minnesota.......... Mississippi. 3,480 2,594 7,036 640 257 735 Missouri............ Montana........... Nebraska............ New Hampshire New Jersey. 5,058 660 469 125 100,913 4,335 186 469 646 453 25,103 118 55,657 New York........ North Carolina. North Dakota. . Ohio..................... Oklahoma......... 78,128 2,559 2,859 1,882 2,547 10,835 1,156 1,397 1,610 1,133 Oregon............... Pennsylvania. . . South Carolina. South D akota... Tennessee........... 1,043 60,722 284 2,421 1,303 10,133 136 2,388 1,164 Texas................... Vermont............. Virginia............... Washington........ West Virginia. .. 3,629 3,467 5,412 1,447 1,458 * 1,458 Wisconsin........... Wyoming............ 7,500 5,096 8 221 995 144 861 81 48 138 3 6 2 1 2 1 5 1 1 2 2,286 1,764 4,792 8 1,526 101 1,168 3,714 2 9 2 18 20 1 7 2 6 15 491 1,089 1,892 27,321 13,594 217 998 1,892 1,637 3,932 113 72 124 6 9 23 3 1 3 5 18 3 5,516 1,233 8,886 1,652 5,465 498 539 3,954 1,652 371 1,030 747 5 2 8 5 3 2 4,566 3,019 13,531 818 334 828 7 20,153 46 5 4 1 38 34 3 4 11 7,149 1,095 538 296 192,417 56,499 1,231 1,259 258 1,311 10,794 172 203 14 103 25 7 29 3 8 3 2 18 2 5 962 41,159 138 24 114 81 9,430 1 29 2 23 12 8 1 22 8 2,343 139 640 257 3,292 3,259 511 2,374 1,564 6,150 293 186 4,396 935 2,092 202 10 9 25 44 3 5 3 505 512 19 3 8 1 3 17 2 3 312 19 31 1 20 22 3 1 Adjusted to December 31, 1955. 2 Includes estimated additional disbursements. * Excludes excess collections turned over to banks as additional purchase price at termination of liquidation. 4 Number of deposit accounts. 8 2,185 596 1,078 7,906 4,433 7,525 10 1,526 794 3,529 4,356 10 7,112 904 3,169 5,379 5,379 1,642 8,387 2,443 43,291 30,006 448 7,773 2,443 5,372 12,549 13,665 5,145 36,134 6,087 9,722 1,676 2,254 18,490 6,087 3,738 3.019 13,371 22,567 9,046 31,663 2.650 1.651 6,643 5,116 215 538 2,033 880 1,169 651 296 161,502 26,760 849 2,224 30,915 34,929 1,500 2,224 1,780 520,380 101,614 1,780 418,766 138,811 3,266 3,830 3,139 4,371 13,286 1,421 1,552 2,345 1,659 125,525 1,845 2,278 794 2,712 259,889 10,408 14,103 8,544 10,795 28,440 3,677 6,760 7,585 5,874 231,449 6,731 7,343 959 4,921 1,302 75,746 850 2,988 1,942 14,340 136 2,862 1,620 1,302 61,406 714 126 322 2,209 166,893 1,848 12,515 12,358 43,828 403 11,412 9,993 2,209 123,065 1,445 1,103 2,365 686 350 10,127 1,536 21,149 11,057 26,041 4,179 8,346 3,545 2,033 26,898 3,212 4,817 3,725 10,756 1,536 2,006 9,511 2,033 274 91 25,684 9,662 5.018 694 4,932 ‘ 5,465 160 818 334 4,131 3,375 629 ’ 2,006 5,966 1,194 614 37,919 17,457 11,989 2,891 17,644 ' 9,722 928 2.650 1.651 19,621 8,687 2,964 ' 8,346 18,739 15,924 9,046 30,735 1,528 2,370 23,077 4,179 D IS B U R S E M E N T S 1,242 94 841 2,128 8 1.242 INSURANCE 1,170 1,033 3,127 DEPOSIT State Alabama........... Arkansas.......... California......... Colorado............. Connecticut. . . . 8,159 3,212 a 03 164 Table 118. A s s e t s a n d L i a b i l i t i e s , a t D a t e o f C l o s i n g , o f I n s u r e d B a n k s P l a c e d i n 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 o f w h i c h D e p o s i t s w e r e A s s u m e d b y A n o t h e r I n s u r e d B a n k w i t h t h e F i n a n c i a l A i d 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 , 1934-1955 Year $132,064,456 $92,943,183 RECEIVE RSHIP CASI lS $ 24,205,175 $12,015,898 T otal Total 1934-19504 1955 22,620,382 1,584,793 10,154,078 1,861,820 DEPOSIT ASSUMPTKON CASES $107,859,281 $80,927,285 T otal 99,322,369 886,937 552,710 4,485,650 88,414 2,523,201 70,452,646 625,657 781,093 8,326,289 141,600 600,000 Other real estate $75,312,261 $251,089,926 $22,912,474 $59,581,863 $16,101,189 $ 67,760,615 Loans, discounts, and overdrafts $ 5,479,914 $12,293,686 65,569,217 2,191,398 5,375,616 104,298 12,293,686 $59,211,072 $183,329,311 $17,432,560 $47,288,177 17,123,404 34,502 35,121 141,556 1,306 96,671 47,270,110 15,946,562 154,627 58,421,346 6,450 40,728 660,548 2,000 80,000 172,461,339 1,484,869 924,419 4,878,142 884,925 2,695,617 18,067 Other liabilities Capital stock Other capital accounts1 $14,112,814 $648,016,977 $568,522,233 $11,723,520 $64,218,7252 $3,552,499 $ 8,383,170 $146,239,647 $113,872,482 $10,129,736 $18,290,5453 $3,946,884 107,374,564 6,497,918 10,122,023 7,713 18,150,545 140,000 4,642,916 -696,032 $ 5,729,644 $501,777,330 $454,649,751 $ 1,593,784 $45,928,1805 $-394,385 423,518,622 3,408,095 3,006,036 18,262,055 990,283 5,464,660 1,553,625 8,659 8,908 22,339 13 240 45,321,180 85,000 62,000 250,000 50,000 160,000 -39,030 -451,846 -688,553 276,823 97,380 410,841 Other assets 8,330,507 52,663 5,303,183 11,493 54,320 319,032 19,431 22,185 Total 140,290,048 5,949,599 470,354,397 3,049,908 2,388,391 18,811,217 1,137,676 6,035,741 Total deposits 1 Includes surplus, undivided profits, and reserve funds, minus deficit, if any, as determined after adjustment of books of banks for liabilities discovered by agents of the FDIC. 2 Includes R .F .C . capital of $25,180,114. 3 Includes R .F .C . capital of $5,896,246. 4 No insured bank was placed in receivership from 1944 through 1954. For data by years see Annual Report of the Corporation for 1950, p. 280. 6 Includes R .F .C . capital of $19,283,868. 6 For data by years see Annual Report of the Corporation for 1954, p. 168. CORPORATION 1935-19506 1951 1952 1953 1954 1955 Banking house, furniture & fixtures Other securities INSURANCE U. S. Gov ernment obligations DEPOSIT Cash and due from banks FEDERAL Liabilities and capital accounts Assets Table 119. in N a m e , L o c a t io n , F e d e r a l D e p o s it I n s u r a n c e C o r p o r a t io n D is 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 il it ie s , I n s u r e d B a n k s P l a c e d R e c e i v e r s h i p o r o f w h i c h D e p o s i t s w e r e A s s u m e d b y A n o t h e r I n s u r e d B a n k w i t h t h e F i n a n c i a l A i d o f t h e C o r p o r a t i o n , 1955 Case number Name and location Receivership 246 Number of depositors or accounts1 Class of bank Date of closing or deposit assumption First payment to depositors, or disbursement by FDIC 1,239 January 27,1955 February 7, 1955 247 Rathdrum State Bank, Rathdrum, Idaho State bank not member F. R . System 1,157 April 30, 1955 248 Bank of North Idaho, Priest River, Idaho State bank not member F. R. System 1,300 249 Joshua Monument National Bank of Twentynine Palms, Twentynine Palms, Calif. National Frontier Trust Company, Fort Fairfield, Maine State bank not member F. R. System Deposit assumption 180 $823,948 Federal Deposit Insurance Corporation May 10, 1955 713,095 Federal Deposit Insurance Corporation April 30, 1955 May 11,1955 794,509 Federal Deposit Insurance Corporation 4,381 July 25, 1955 August 8, 1955 2,127,769 Federal Deposit Insurance Corporation 9,722 October 3, 1955 October 3, 1955 2,343,167 Northern National Bank of Presque Isle, Maine Assets3 T o ta l___ Receivershiip 246 Cash and due from banks U. S. Gov ernment obligations $4,107,994 $2,461,820 Other securities Loans, discounts, and overdrafts $234,627 $4,887,015 Liabilities and capital accounts3 Banking house, furniture & fixtures $200,969 Other real estate $18,067 Other assets $74,848 Total Deposits $11,985,340 $11,962,578 Other liabilities $7,953 Capital stock Other capital accounts $300,000 $-285,191 134,072 300,000 14,800 248,737 6,338 17,009 720,956 891,548 25,000 -195,592 247 212,370 153,000 63,828 563,027 11,060 13,398 1,016,683 909,443 1,676 25,000 80,564 248 115,900 135,000 73,899 748,835 22,295 5,385 1,101,314 983,013 2,468 40,000 75,833 249 1,122,451 1,273,820 2,100 630,799 64,605 16,871 3,110,646 3,713,914 3,569 50,000 -656,837 Deposit assumpt on 180 2,523,201 600,000 80,000 2,695,617 96,671 22,185 6,035,741 5,464,660 240 160,000 410,841 s 18,067 At date of closing. Number of depositors in receivership cases; number of deposit accounts in deposit assumption case, a ^ece^ve^s^P cases includes disbursements made to December 31, 1955, plus estimated additional disbursement. As determined by FDIC agents after adjustment of books of bank for liabilities discovered subsequent to closing. D IS B U R S E M E N T S Case number INSURANCE National DEPOSIT First National Bank of Lewisville, Lewisville, Texas Receiver or assuming bank Disburse ment2 T a b le 12 0 . D R e c o v e r i e s a n d L o s s e s b y t h e F e d e r a l D e p o s it I n s u r a n c e C o r p o r a t io n o n P o t e n t i a l l y R e c o v e r a b l e P r o t e c t i o n o f D e p o s it o r s i n I n s u r e d B a n k s P l a c e d i n R e c e i v e r s h i p a n d i n I n s u r e d B a n k s o f w h i c h D e p o s i t s w e r e A s s u m e d b y A n o t h e r I n s u r e d B a n k w it 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 , 1 9 3 4 -1 9 5 5 is b u r s e m e n t s for (Amounts in thousands of dollars) All cases Deposit assumption cases FDIC disbursement3 Num ber of banks FDIC disburse ment Re Estimated coveries additional Losses1 to Dec. recoveries 31, 1955 Num ber of banks FDIC disburse ment2 Num ber of banks Re Estimated coveries additional to Dec. 31,1955 recoveries Liquida tion ex Principal penses and advances Re Estimated coveries additional Losses1 to Dec. recoveries 31, 1955 4,341 28,108 249 91,503 75,114 1,858 14,531 180 197,303 46,383 227,626 2.483 13,577 139,855 195,334 126,130 176,610 4,341 9,384 18,724 4 245 4,459 87,044 2,248 72,866 1,858 353 14,178 35 145 108,993 88,310 26,403 19,980 123,882 103,744 2.483 390 9,031 4,546 Year 193 4 193 5 193 6 193 7 193 8 941 9,162 15,715 20,042 35,381 734 6,425 13,249 16,490 32,956 207 2,716 2,459 3,552 2,425 941 6,025 8,056 12,044 9,092 734 4,274 6,596 9,517 7,908 207 1,751 1,460 2,527 1,184 1 27 25 24 2,865 6,725 7,116 21,387 272 934 882 4,902 2,151 6,653 6,973 25,048 21 7 965 999 1,025 1,241 193 194 194 194 194 9 0 1 2 3 85,373 91,366 25,356 11,901 7,244 78,200 87,215 24,696 7,157 3,892 595 689 124 26,197 4,895 12,278 1,612 5,500 20,399 4,313 12,065 1,320 5,376 5,798 582 213 292 124 28 24 7 14 1 41,573 69,239 11,602 9,213 1,672 17,603 17,232 1,476 1,076 72 57,801 82,902 12,631 9,892 1,744 16 259 65 1,359 3,310 382 397 194 194 194 194 194 194 4 5 6 7 8 9 1,540 1,865 276 2,003 3,188 2,717 1,500 1,865 276 1,741 2,548 2,345 40 404 364 40 1,099 1,768 265 1,724 2,990 2,552 37 97 188 1 1 1 5 3 4 279 198 165 1,136 1,865 276 1,741 2,548 2,345 188 74 640 369 195 195 195 195 195 195 0 1 2 3 4 5 4,414 2,002 1,547 5,333 975 6,848 2,999 1,909 651 5,326 562 2,721 25 83 76 6 118 3,474 4 3,986 1,885 1,369 5,017 913 2,343 428 117 178 316 62 46 2,999 1,909 651 5,326 562 473 25 83 76 6 118 1,616 11,212 16 259 65 7,120 74 640 1,390 10 2 820 295 653 3 2 4,459 2,248 1,858 353 2 1 11 3 1,390 10 820 N o te : Because of rounding, components may not add precisely to totals. 1 Includes estimated losses in active cases. Not adjusted for interest or allowable return, which was collected in some cases in which the disbursement was fully recovered. 2 Includes estimated additional disbursements. 3 Excludes excess collections turned over to banks as additional purchase price at termination of liquidations. 295 300 CO R P O R A TIO N 302,740 INSURANCE 335,189 Status Active. Terminated DEPOSIT 429 T o ta l.......... FEDERAL Liquidation status and year of receivership or deposit assumption Receivership cases I n d e x Page Page Accounts Expenses..................................... 146 Insured banks.............................3, 110 3, 47-58, 62-75, 86-87, 90-95 Admission to insured status. See Liabilities.................................... 126 Insured status. Arkansas: Accounts................. 62, 66, 70, 72, 90 Alabama: Accounts............... 62, 66, 70, 72, 90 Assets.......................................... 126 Assets.......................................... 126 Bank(s), operating................. 110, 118 Bank(s), operating................. 110, 118 Bank branches............................ 110 Deposits Bank branches............................ 110 Deposits 62, 76, 80, 82, 86, 90, 118, 126 62, 76, 80, 82, 86, 90, 118-126 vi District office.............................. Dividends.................................... 146 District office.............................. vi Earnings...................................... 146 Dividends.................................... 146 Examiner..................................... vi Earnings...................................... 146 Examiner..................................... vi Expenses..................................... 146 Insured banks............................ 3, 110 Expenses..................................... 146 Legislation...............................101-104 Insured banks.............................3, 110 Liabilities.................................... 126 Legislation................................... 101 Liabilities.................................... Receiverships.............................. 163 126 Assessment decisions................... 99, 100 Receiverships.............................. 163 Assets. See Bank(s), commercial; Alaska: Bank(s), operating; Bank(s), 127 Assets.......................................... placed in receivership; Bank(s), Bank(s), operating..................... 117 savings; Federal Deposit In Bank branches............................ 117 surance Corporation. Deposits.................................. 119, 127 Audit Division: District office.............................. vi Educational program................. Dividends.................................... 146 19 Employees................................... 19 Earnings...................................... 146 Examiner..................................... vi Audit report (FDIC, 1955) ........... 20-22 Automobile instalment paper. Expenses..................................... 146 Insured banks............................ 3, 117 See Loan(s). Liabilities.................................... 127 Bank(s), all. See Bank(s), All banks. See Bank(s), operating. operating. American Institute of Banking, correspondence courses..............19, 20 Bank(s), commercial: American Samoa: Assets and liabilities...............122-127 127 Assets.......................................... Categories............................... 106-107 Deposit(s) Bank(s), operating..................... 117 Bank branches............................ 117 33-34, 118-119, 123, 125-127 Insured...................122, 124, 128, 130 Deposits.................................. 119, 127 accounts.................................. 90, 91 Liabilities.................................... 127 distributions........................66-75 Applications: (for) Insured status.................... 7-8 assets and liabilities............123-131 deposits Other........................................... 8 33-34, 118-119, 123, 125-127, 130 Types.......................................... 7-8 distributions........................76-85 Areas outside Continental United States: interest on........... 38, 40, 134-155 Assets and liabilities.................. 127 earnings and expenses........ 134-155 Deposits...................................... 119 expense ratios..........39-40, 134-155 Earnings and expenses.......... 146, 147 income, sources and Number................... 108, 110, 117, 119 disposition........................... 35-36 number Arizona: Accounts................. 62, 66, 70, 72, 90 108, 110, 112, 114, 116, 118-119 Assets.......................................... 126 profits....................... 42-43, 134-155 Bank(s), operating..................... 110 salaries and wages........ 40, 134-155 (by) States. See Names of Bank branches............................ 110 Deposits individual States. 62, 76, 80, 82, 86, 90, 118, 126 Noninsured: District office.............................. vi assets and liabilities. . .31, 122, 125 Dividends.................................... 146 capital accounts............34, 123-125 Earnings...................................... 146 deposits......................... 34, 123-125 Examiner.................................... vi Number........................... 108, 110-119 169 170 FEDERAL D EP O S IT IN S U R A N C E Bank(s), insured: Accounts............................... 48, 62-65 changes, 1934-1955.................54-58 Assessment rate paid b y .......... 11 Assets and liabilities..........8, 128, 130 Bank examinations..................... 4 Deposit(s)............. 3, 27, 48, 51, 62-65 changes, 1984-1955.................54-58 Deposit information request, (1955)............................8, 47, 59-61 Disbursements for protection of depositors. .9-11, 162-163, 165-166 Earnings.....................37-38, 132-159 Examination reports, review of 4 Expenses..................... 37-38, 132-159 Income.........................35-44, 132-159 Growth, 1947-1955................. 35-37 Income credit, (for) adjusted net assessment income...........12, 13 Insurance coverage.....................47-48 Insured status termination........ 4 actions, 1936-1955.................. 6 Legislation concerning. .17-18, 99-104 Main office, change of location................... 100 Number insured............... 48, 108-119 Official advertising statement. . 100 Receivership. See Bank(s), placed in receivership. Termination proceedings, invol untary, 1955........................... 6 See also Areas outside the Con tinental United States; Names of individual States. Bank(s), national: Assets and liabilities statements .8,121 Dividends........................... 8, 138-141 Earnings..............................8, 138-141 Examination reports, review. . . 4 Expenses............................. 8, 138-141 Number................................... 108-117 Bank(s), new: Admission to insured status. . . 7, 108 Proposed, investigation o f......... 4 Bank(s), noninsured: Assets..................... 8, 30-31, 122, 124 Capital accounts......................... 34 Deposits............................ 34, 118-119 Liabilities..........................8, 123, 125 Number...........................108, 110-119 Trust companies, non-deposit 27, 107-119, 122-125 Bank(s), operating: Absorption.................................. 25-26 Admission to insured status, application for......................... 7 Assets.......................................... 120 components................... 28, 122-125 gro vvth..................................... 27-29 statistics..................................8, 120 Capital accounts........ 33-35, 123, 125 Classification.................. 106, 108, 109 Classification changes................ 108 Consolidations............................ 25-26 Deposits............................27, 106, 118 components................... 32, 123-125 C O R PO R A T IO N Page growth..................................... 31-33 statistics..................................8, 120 (by) FDIC District................118, 126 Insurance status......................... 26-27 Loans...........................29-30, 122, 124 Mergers....................... 25-26, 162-165 Number...... 25-26, 106, 108, 109, 118 Offices.......................... 25-26, 108-117 (by) State................................110-120 Bank(s), placed in receivership: 1955.............................................9, 165 1934-1955 ...................... 9-11, 162-164 Disbursements by FDIC 9-10, 162-163, 165-166 Losses of depositors................... 11 Bank(s), savings: Deposits, insured........................ 50 Guaranty (New Hampshire) “ savings deposit” , amended 18 meaning............................... Mutual: Insured....................................108, 110 accounts.......................86-87, 94-95 additions to surplus................ 44 assets.............30, 122, 124, 128, 130 losses on...............................41-42 deposits.........33, 88-89, 94-95, 118 dividends on....... 38, 40, 156, 158 earnings and expenses. .38, 156-157 expense ratios................. 39-40, 158 income..................... 35, 38, 156-157 surplus accounts...............33, 36, 44 Noninsured............................. 108-119 assets.......................30, 31, 122, 124 deposits......... 33, 118-119, 123, 125 liabilities............................. 123, 125 surplus accounts...........33, 123, 125 Bank(s), State: Assets statements....................... 8 Dividends........................... 8, 138, 140 Earnings and expenses. . . . 8, 138, 140 Examination reports review. . . . 4 Liabilities statements................. 8 Number................................... 108-117 Bank branches............................109-117 Classification changes................ 109 Discontinued............................ 26, 109 Number.............................25, 109-117 Opened for business................. 26, 109 Proposed, examination o f .......... 4 (by) States.............................. 110-117 Bank capital. See Capital accounts. Bank examinations......................... 4 Bank examiners..................... vi, 18-20 Bank failures.................... 9-11, 161-165 Bank management: Unsafe and unsound practices, citation for.............................. 5 Bank of North Idaho, Priest River, Idaho............................... 165 Bank statements....................8, 121, 133 Banking legislation. . . . . 17-18, 101-104 Charter changes......................... 101 Checks......................................... 104 Collections................................... 103 Deposits...................................... 102 IN D EX Page Directors..................................... 104 Employees................................... 104 Federal........................................17, 99 Holidays...................................... 104 Investments................................ 102 Loans........................................... 102 Officers........................................ 104 Operating provisions, general. . 102 Organization changes................. 101 Reserves...................................... 103 (by) States.............................. 101-104 Supervisory authority................ 101 Taxation...................................... 104 Trust activities........................... 103 Trustees....................................... 104 Banking offices: classification............................106-109 number changes..........25-26, 108-109 Banking practices, unsafe and unsound: citations for................................. 4-6 Board of Directors......................... v, 18 Branches. See Bank branches. California: Accounts.................. 62, 66, 70, 72, 90 Assets.......................................... 126 Bank(s), operating................. I l l, 118 Bank branches............................ I l l Deposits.. .62, 76, 80, 82, 86, 118, 126 District office.............................. vi Dividends.................................... 146 Earnings...................................... 146 Examiner..................................... vi Expenses..................................... 146 Insured banks............................ 3, 111 Legislation...............................101-104 Liabilities.................................... 126 Receiverships......................... 163, 165 Capital, citations for inadequate. . 5 Capital accounts and ratios 33-35, 123, 125, 131, 136, 141, 145 Checks, legislation concerning. . . . 104 City (ies): Insured accounts............64-65, 68, 87 Insured banks.......................51, 64-65 Insured deposits 17, 51, 53, 64-65, 78, 89 Civil Service Retirement System.. 19 Collections, legislation concerning 104 Colorado: Accounts.................. 62, 66, 70, 72, 90 Assets.......................................... 126 Bank(s), operating.................I l l, 118 Bank branches............................ I l l Deposits 62, 76, 80, 82, 86, 90, 118, 126 vi District office.............................. Dividends.................................... 146 Earnings...................................... 146 Examiner.................................... vi Expenses..................................... 146 Insured banks............................ 3, 111 Legislation.............................. 101, 104 Liabilities.................................... 126 Receiverships.............................. 163 171 Page Commercial banks. See Bank(s), commercial. Connecticut: Accounts............ 62, 66, 70, 72, 86, 90 Assets.......................................... 126 Bank(s), operating................. I l l, 118 Bank branches............................ I l l Deposits 62, 76, 80, 82, 88, 90, 118, 126 District office.............................. vi Dividends.................................... 146 Earnings...................................... 146 Examiner..................................... vi Expenses..................................... 146 Insured banks............................ 3, 111 Legislation...............................101-104 Liabilities.................................... 126 Receiverships.............................. 163 Controller’s Office, employees....... 19 Credit and collection policies, lax and hazardous, citations for. . . . 5 Delaware: Accounts............ 62, 66, 70, 72, 86, 90 Assets.......................................... 126 Bank(s), operating................. I l l, 118 Bank branches............................ I l l Deposits.. .62, 76, 80, 82, 88, 118, 126 vi District office.............................. Dividends.................................... 148 Earnings...................................... 148 Examiner..................................... vi Expenses..................................... 148 Insured banks............................ 3, 111 Legislation.............................. 101, 102 Liabilities.................................... 126 Deposit(s). See Bank(s), insured; Bank(s), operating; Bank(s), savings; Names of individual States. Deposit accounts............................45-58 Coverage limit............................47, 54 “ fully protected” 48-50, 53-55, 62-65, 90-95 55 Growth........................................ Size.............................................. 56 Deposit insurance fund. 12, 15-17, 21-22 Depositor (s): Accounts in different rights and capacities.................................47-48 Disbursements for protection 9-10, 160-163, 165-166 Insurance protection..................47-58 Losses o f...................................... 11 Number o f.............................48, 54-56 Directors. See Board of Directors. Directors, legislation concerning.. 104 District of Columbia: Accounts.................. 62, 66, 70, 72, 90 Assets.......................................... 126 Bank(s), operating..................... I l l Bank branches............................ I l l Deposits.. .62, 76, 80, 82, 86, 118, 126 District office.............................. vi Dividends.................................... 148 172 FEDERAL DEPOSIT INSURANCE CORPORATION Page Earnings...................................... Expenses..................................... Insured banks............................3, Liabilities.................................... 148 148 111 126 Earnings. See Bank(s), commer cial, earnings and expenses; banks, savings, mutual, insured. Employees, legislation concerning. 104 Employee benefits and programs of F D IC ...................................... 19-20 Examination(s). See Bank exa minations. Examination Division: Activities, 1954-1955.................. 4 Educational program................. 19-20 Employees...................................18-19 Examiners. See Bank examiners. 19 Executive Offices, employees........ Expenses. See Bank(s), commer cial, earnings and expenses. FDIC. See Federal Deposit In surance Corporation. Federal Deposit Insurance Act 4, 11, 17, 47 Audit........................................... 17 Credit to insured banks............ 11, 22 Federal Deposit Insurance Corporation: Actions to terminate insured status....................................... 4-6 Address........................................ v Administration....................... iv, v, 18 Administrative expenses............ 13 Admission to insured status. . . . 7 Applications acted upon............ 7-8 Assessment income.....................11-14 Assets.................................... 14-15,21 Audit........................................... 17 Audit report................................20-22 Authority, delegation o f ..........18, 100 Board of Directors...............iv, v, 18 Disbursements to protect de positors. . . .9-10, 160-163, 165-166 District office (s )......................... vi Districts (map)........................... vii Districts: Bank(s), operating, grouped by: assets................................... 126 deposits............................118-126 liabilities.............................. 126 number............................ 118-126 Employees...................................18-19 benefits and programs.. . . 19-20, 22 Examinations.............................. 4 Expenses..................................... 12-14 Income.......................... 11-14, 22, 166 Insurance protection provided b y ........................................ 3, 47-49 Legal developments. . . . 17-18, 99-100 Liabilities.............................. 14-15, 21 Officials................................... v, vi Organization..........................iv, 18-19 Risk concentration......... 16-17, 51-53 Rules and regulations: amendments..............17-18, 99-100 assessment decisions............... 99 100 delegation of authority.......... payment of deposits............... 99 Supervisory activities................ 4-8 Federal deposit insurance fund. See Deposit insurance fund. Federal Employees Group Life Insurance Act (1954)................. 19 Federal legislation......................... 17, 99 Federal Register, Amended FDIC rules and regulations. . . 17-18, 99-100 Federal Reserve System: Members: dividends................................. 139 earnings and expenses........ 138-141 insured without application. . 7 national....................... 108, 110-117 State............................ 108, 110-117 First National Bank of Lewisville, Lewisville, Texas........................ 165 Florida: Accounts.................. 62, 66, 70, 72, 90 Assets.......................................... 128 Bank(s), operating............... . Ill Bank branches............................ I l l Deposits.. .62, 76, 80, 82, 90, 118, 126 District office.............................. vi Dividends.................................... 148 Earnings...................................... 148 Examiner..................................... vi Expenses..................................... 148 Insured banks............................ 3, 111 Legislation...............................101-104 126 Liabilities.................................... Receiverships.............................. 163 Frontier Trust Company, Fort Fairfield, Maine.......................... 165 Georgia: Accounts.................. 62, 66, 70, 72, 90 Assets.......................................... 126 Bank(s), operating..................... Ill Bank branches............................ I l l Deposits.. .62, 76, 80, 82, 90, 118, 126 District office.............................. vi Dividends.................................... 148 Earnings...................................... 148 Examiner..................................... vi 148 Expenses..................................... Insured banks............................ 3, 111 Legislation...................... 101, 102, 104 Liabilities.................................... 126 Receiverships.............................. 183 Guaranty savings banks. See Bank(s), savings. Hawaii: Assets.......................................... Bank(s), operating................. 117, Bank branches............................ Deposits.................................. 119, District office.............................. 127 119 117 127 vi 173 IN D EX Page Examiner..................................... Liabilities.................................... Holidays, legislation concerning. . vi 127 104 Idaho: Accounts.................. 62, 67, 71, 73, 91 Assets.......................................... 126 Bank(s)....................................... I ll Bank branches............................ I l l Deposits.. .62, 77, 81, 83, 91, 118, 126 District office.............................. vi Dividends.................................... 148 Earnings...................................... 148 Examiner..................................... vi Expenses..................................... 148 Insured banks............................ 3, 111 Legislation...............................102-104 Liabilities.................................... 126 Receiverships..........................163, 165 Illinois: Accounts.................. 62, 67, 71, 73, 91 Assets.......................................... 126 Bank(s), operating..................... I l l Bank branches............................ I l l Deposits.. .62, 77, 81, 83, 91, 118, 126 vi District office.............................. Dividends.................................... 148 Earnings...................................... 148 Examiner..................................... vi Expenses..................................... 148 Insured banks............................ 3, 111 Legislation...............................101-103 Liabilities.................................... 126 Receiverships.............................. 163 Indiana: Accounts............ 62, 67, 71, 73, 86, 91 Assets.......................................... 126 Bank(s), operating..................... 112 Bank branches............................ 112 Deposits.62, 77, 81, 83, 88, 91, 118, 126 District office.............................. vi Dividends.................................... 148 Earnings...................................... 148 Examiner..................................... vi Expenses..................................... 148 Insured banks............................ 3, 112 Legislation.............................. 101, 104 126 Liabilities.................................... Receiverships.............................. 163 Insured status: Admission t o ............................... 7 Termination proceedings, 1955. . 6 Investments: Citation for unsound................. 5 Legislation concerning........... 102-103 Iowa: Accounts.................. 62, 67, 71, 73, 91 Assets.......................................... 126 Bank(s), operating..................... 112 Bank branches............................ 112 Deposits.. .62, 77, 81, 83, 91, 118, 126 District office.............................. vi Dividends.................................... 148 Earnings...................................... 148 Examiner..................................... vi Expenses..................................... 148 Insured banks.............................3, 112 Legislation...............................102-103 Liabilities.................................... 126 Receiverships.............................. 163 Joshua Monument National Bank, Twentynine Palms, California. . 165 Kansas: Accounts.................. 62, 67, 71, 73, 91 Assets.......................................... 126 Bank(s), operating..................... 112 Bank branches............................ 112 Deposits.. .62, 77, 81, 83, 91, 118, 126 vi District office.............................. Dividends.................................... 148 Earnings...................................... 148 Examiner..................................... vi Expenses..................................... 148 Insured banks............................ 3, 112 Legislation...............................101-104 Liabilities.................................... 126 Receiverships.............................. 163 Kentucky: Accounts.................. 63, 67, 71, 73, 91 Assets.......................................... 127 Bank(s), operating..................... 112 Bank branches............................ 127 Deposits.. .63, 77, 81, 83, 91, 119, 127 District office.............................. vi Dividends.................................... 148 Earnings...................................... 148 Examiner..................................... vi 148 Expenses..................................... Insured banks.............................3, 112 Liabilities.................................... 127 Receiverships.............................. 163 Law violations: Actions to terminate insured status, 1986-1955.................... 6 Citations for............................... 4-6 Legal Division, employees............. 19 Legislation. See Banking legislation. Liquidation, legislation concerning 104 Liquidation Division, employees. . 19 Loan(s): Agricultural................................ 29, 30 Automobile instalment.............. 30 Citations for unsound................ 5 Commercial................................. 30 (and) Discounts............. 122, 124, 129 Distribution o f............................29-30 Income rate on. .38-39, 137, 141, 159 30 Increase (1955)........................... Industrial.................................... 30 Instalment................................ 30, 121 102 Legislation concerning............... “ other loans to individuals” . . . . 30 Real estate....... 29, 39, 122, 124, 129 Losses on assets 40-42, 134-135, 138-139, 142-143, 157 Louisiana: Accounts.................. 63, 67, 71, 73, 91 Assets.......................................... 127 174 FEDERAL D EP O SIT IN SU R A N C E Page Bank(s), operating..................... 112 Bank branches............................ 112 Deposits.. .63, 77, 81, 83, 91, 119, 127 District office.............................. vi Dividends.................................... 148 Earnings...................................... 148 Examiner.................................... vi Expenses..................................... 148 Insured banks............................ 3, 112 Liabilities.................................... 127 Receiverships.............................. 163 Louisiana State University, School of Banking of the South, courses 19 Maine: Accounts............ 63, 67, 71, 73, 86, 91 127 Assets.......................................... Bank(s), operating..................... 112 Bank branches............................ 112 Deposits 63, 77, 81, 83, 88, 91, 119, 127 District office.............................. vi Dividends.................................... 150 Earnings...................................... 150 Examiner.................................... vi Expenses..................................... 150 Insured banks............................ 3, 112 Legislation...............................101-104 Liabilities.................................... 127 Receiverships.............................. 163 Mariana Islands: Assets.......................................... 127 Bank(s), operating................. 117, 119 Bank branches............................ 117 Deposits.................................. 119, 127 Liabilities.................................... 127 Maryland: Accounts............ 63, 67, 71, 73, 86, 91 Assets.......................................... 127 Bank(s), operating..................... 113 Bank branches............................ 113 Deposits 63, 77, 81, 83, 88, 91, 119, 127 District office.............................. vi Dividends.................................... 150 Earnings...................................... 150 Examiner..................................... vi Expenses..................................... 150 Insured banks.............................3, 113 Legislation.............................. 101, 104 Liabilities.................................... 127 Receiverships.............................. 163 Massachusetts: Accounts.................. 63, 67, 71, 73, 91 Assets.......................................... 127 Bank(s), operating..................... 113 Bank branches............................ 113 Deposits.. .63, 77, 81, 83, 91, 119, 127 vi District office.............................. Dividends.................................... 150 Earnings...................................... 150 Examiner..................................... vi Expenses..................................... 150 Insured banks.............................3, 113 Legislation...............................101-103 C O R PO R A T IO N Liabilities.................................... 127 Receiverships.............................. 163 Mergers. See Banks, operating. Michigan: Accounts.................. 63, 67, 71, 73, 91 127 Assets.......................................... Bank(s), operating..................... 113 Bank branches............................ 113 Deposits.. .63, 77, 81, 83, 91, 119, 127 vi District office.............................. Dividends.................................... 150 Earnings...................................... 150 Examiner..................................... vi Expenses..................................... 150 Insured banks............................ 3, 113 Legislation...............................102-104 Liabilities.................................... 127 Receiverships.............................. 163 Minnesota: Accounts............ 63, 67, 71, 73, 86, 91 Assets.......................................... 127 Bank(s), operating..................... 113 Bank branches............................ 113 Deposits 63, 77, 81, 83, 88, 91, 119, 127 vi District office.............................. Dividends.................................... 150 Earnings...................................... 150 Examiner..................................... vi Expenses..................................... 150 Insured banks............................ 3, 113 Legislation...............................101-104 127 Liabilities.................................... Receiverships.............................. 163 Mississippi: Accounts.................. 63, 67, 71, 73, 91 127 Assets.......................................... Bank(s), operating..................... 113 Bank branches............................ 113 Deposits.. .63, 77, 81, 83, 91, 119, 127 District office.............................. vi Dividends.................................... 150 Earnings...................................... 150 Examiner..................................... vi Expenses..................................... 150 Insured banks.............................3, 113 127 Liabilities.................................... Receiverships.............................. 163 Missouri: Accounts.................. 63, 67, 71, 73, 91 Assets.......................................... 127 Bank(s), operating..................... 113 Bank branches............................ 113 Deposits.. .63, 77, 81, 83, 91, 119, 127 District office.............................. vi Dividends................................ .. 150 Earnings.................................. . . 150 Examiner................................... vi Expenses..................................... 150 Insured banks............................ 3, 113 Legislation.......................101, 103-104 Liabilities.................................... 127 Receiverships.............................. 163 Montana: Accounts.................. 63, 67, 71, 73, 91 Assets........................................... 127 IN D E X Page Bank(s), operating..................... 113 Bank branches............................ 113 Deposits.. .63, 77, 81, 83, 91, 119, 127 vi District office.............................. Dividends.................................... 150 Earnings...................................... 150 Examiner..................................... vi Expenses..................................... 150 Insured banks............................ 3, 113 Legislation...............................103-104 Liabilities.................................... 127 Receiverships.............................. 163 Mutual savings banks. See Bank(s), savings. National banks. See Bank(s), national. Nebraska: Accounts.................. 63, 67, 71, 73, 91 127 Assets.......................................... Bank(s), operating..................... 113 Bank branches............................ 113 Deposits.. .63, 77, 81, 83, 91, 119, 127 District office.............................. vi Dividends.................................... 150 Earnings...................................... 150 Examiner..................................... vi 150 Expenses..................................... Insured banks............................ 3, 113 Legislation.............................. 101, 104 Liabilities.................................... 127 Receiverships.............................. 163 Nevada: Accounts.................. 63, 67, 71, 73, 91 Assets.......................................... 127 Bank(s), operating..................... 113 Bank branches............................ 113 Deposits.. .63, 77, 81, 83, 91, 119, 127 District office.............................. vi Dividends.................................... 150 Earnings...................................... 150 Examiner..................................... vi 150 Expenses................................. Insured banks............................ 3, 113 Legislation...............................103-104 Liabilities.................................... 127 New Hampshire: Accounts............ 63, 67, 71, 73, 86, 91 Assets.......................................... 127 Bank(s), guaranty savings........ 6, 18 Bank(s), operating..................... 114 Bank branches............................ 114 Deposits 63, 77, 81, 83, 88, 91, 119, 127 vi District office.............................. Dividends.................................... 150 Earnings...................................... 150 Examiner.................................... vi Expenses..................................... 150 Insured banks............................ 3, 114 Legislation...............................102-103 Liabilities.................................... 127 Receiverships.............................. 163 New Jersey: Accounts............ 63, 67, 71, 73, 86, 91 Assets.......................................... 127 175 Page Bank(s), operating..................... 114 Bank branches............................ 114 Deposits 63, 77, 81, 83, 88, 91, 119, 127 vi District office.............................. Dividends.................................... 152 Earnings...................................... 152 Examiner.................................... vi Expenses..................................... 152 Insured banks............................ 3, 114 Legislation...............................101-103 Liabilities.................................... 127 Receiverships.............................. 163 New Mexico: Accounts.................. 63, 67, 71, 73, 91 Assets.......................................... 127 Bank(s), operating..................... 114 Bank branches............................ 114 Deposits.. .63, 77, 81, 83, 91, 119, 127 vi District office.............................. Dividends.................................... 152 Earnings...................................... 152 Examiner.................................... vi Expenses..................................... 152 Insured banks.............................3, 114 Legislation...............................101-104 Liabilities.................................... 127 New York (City): Insured deposits.........................51, 64 New York (State): Accounts............ 63, 67, 71, 73, 86, 91 127 Assets.......................................... 114 Bank(s), operating..................... Bank branches............................ 114 Deposits 63, 77, 81, 83, 88, 91, 119, 127 District office.............................. vi Dividends.................................... 152 Earnings...................................... 152 Examiner..................................... vi Expenses..................................... 152 Insured banks............................ 3, 114 Legislation.............................. 102, 103 Liabilities.................................... 127 Receiverships.............................. 163 Noninsured banks. See Bank(s), noninsured. North Carolina: Accounts.................. 63, 67, 71, 73, 91 Assets.......................................... 127 114 Bank(s), operating..................... Bank branches............................ 114 Deposits.. .63, 77, 81, 83, 91, 119, 127 District office.............................. vi Dividends.................................... 152 Earnings...................................... 152 Examiner..................................... vi Expenses..................................... 152 Insured banks.............................3, 114 Legislation...................... 101, 102, 104 Liabilities.................................... 127 Receiverships.............................. 163 North Dakota: Accounts.................. 63, 67, 71, 73, 91 Assets.......................................... 127 Bank(s), operating..................... 114 176 FEDERAL DEPOSIT INSURANCE CORPORATION Bank branches............................ 114 Deposits.. .63, 77, 81, 83, 91, 119, 127 District office.............................. vi Dividends.................................... 152 Earnings...................................... 152 Examiner..................................... vi Expenses..................................... 152 Insured banks.............................3, 114 Legislation.............................. 102, 103 Liabilities.................................... 127 Receiverships.............................. 163 Officer(s), legislation concerning. . 104 Ohio: Accounts............ 63, 67, 71, 73, 86, 91 Assets.......................................... 127 Bank(s), operating..................... 115 Bank branches............................ 115 Deposits 63, 77, 81, 83, 88, 91, 119, 127 District office.............................. vi Dividends.................................... 152 Earnings...................................... 152 Examiner..................................... vi Expenses..................................... 152 Insured banks............................ 3, 115 Legislation...............................101-103 Liabilities.................................... 127 Receiverships.............................. 163 Oklahoma: Accounts.................. 63, 67, 71, 73, 91 Assets.......................................... 127 Bank(s), operating..................... 115 Bank branches............................ 115 Deposits.. .63, 77, 81, 83, 91, 119, 127 District office.............................. vi Dividends.................................... 152 Earnings...................................... 152 Examiner..................................... vi Expenses..................................... 152 Insured banks............................ 3, 115 Liabilities.................................... 127 Receiverships.............................. 163 Operating banks. See Bank(s), operating. Operating earnings and expenses. See Bank(s), commercial; Bank(s), savings, mutual, insured. Oregon: Accounts............ 63, 67, 71, 73, 86, 91 127 Assets.......................................... Bank(s), operating..................... 115 Bank branches............................ 115 Deposits 63, 77, 81, 83, 88, 91, 119, 127 vi District office.............................. Dividends.................................... 152 Earnings...................................... 152 Examiner..................................... vi Expenses..................................... 152 Insured banks.............................3, 115 Legislation...............................101-102 127 Liabilities.................................... Receiverships.............................. 163 Page Panama Canal Zone: Assets.......................................... 127 Bank(s), operating................. 117, 127 Bank branches............................ 117 Deposits.................................. 119, 127 Liabilities.................................... 127 Pennsylvania: Accounts............ 63, 67, 71, 73, 86, 91 Assets.......................................... 127 Bank(s), operating..................... 115 Bank branches............................ 115 Deposits 63, 77, 81, 83, 88, 91, 119, 127 District office.............................. vi Dividends.................................... 152 Earnings...................................... 152 Examiner..................................... vi Expenses..................................... 152 Insured banks.............................3, 115 Legislation...............................101-103 127 Liabilities.................................... Receiverships.............................. 163 Profit (s)........... 42-43, 135-136, 139-145 Puerto Rico: Assets...................................... 121, 127 Bank(s), operating................. 117, 127 Bank branches............................ 117 Deposits.................................. 119, 127 District office.............................. vi Dividends.................................... 146 Earnings...................................... 146 Examiner..................................... vi Expenses...................................... 146 Insured banks.............................3, 117 Liabilities................................ 121, 127 Rathdrum State Bank, 165 Rathdrum, Idaho....................... Receivership. See Bank(s), placed in receivership. Reports from banks: Assets and liabilities 8, 106-107, 120-121 Earnings 8, 106-107, 133 Insured accounts and deposits 8, 47, 59-61 Research and Statistics Division, employees.................................... 19 Reserves, legislation concerning. . 103 Reserves for losses 31, 40-42, 122, 124, 129 Rhode Island: Accounts............ 63, 67, 71, 73, 86, 91 Assets.......................................... 127 Bank(s), operating..................... 115 Bank branches............................ 115 Deposits 63, 77, 81, 83, 88, 91, 119, 127 District office.............................. vi Dividends.................................... 152 Earnings...................................... 152 Examiner..................................... vi Expenses..................................... 152 Insured banks.............................3, 115 Liabilities.................................... 127 IN D E X Page Page 19 Accounts.................. 63, 67, 71, 73, 91 Assets.......................................... 127 Bank(s), operating..................... 115 Bank branches............................ 115 Deposits.. .63, 77, 81, 83, 91, 119, 127 District office.............................. vi Dividends.................................... 154 Earnings...................................... 154 Examiner..................................... vi Expenses...................................... 154 Insured banks.............................3, 115 Legislation...............................101-104 127 Liabilities.................................... Receiverships..........................163, 165 Treasury U. S., borrowing power. . 22 Trust activities, legislation con cerning ......................................... 103 Trust companies. See Banks, operating. Trustees, legislation concerning. . 104 Rutgers University, Graduate School of Banking, courses. . . . Savings banks. See Bank(s), “ savings deposit,” amended meaning...................................... 18, 99 Securities. .28-29, 37, 122, 124, 126-128 Size of bank, deposit: Earnings data......................... 142-145 Insured accounts and deposits 49-52, 57, 64, 68, 74-75, 78, 84-85, 89, 92, 94 Social Security A ct........................ 19 South Carolina: Accounts.................. 63, 67, 71, 73, 91 Assets.......................................... 127 Bank(s), operating..................... 115 Bank branches............................ 115 Deposits.. .63, 77, 81, 83, 91, 119, 127 vi District office.............................. Dividends.................................... 152 Earnings...................................... 152 Examiner..................................... vi Expenses..................................... 152 Insured banks............................ 3, 115 Legislation.............................. 102, 103 Liabilities.................................... 127 Receiverships.............................. 163 South Dakota: Accounts.................. 63, 67, 71, 73, 91 Assets.......................................... 127 Bank(s), operating..................... 115 Bank branches............................ 115 Deposits.. .63, 77, 81, 83, 91, 119, 127 District office.............................. vi Dividends.................................... 154 Earnings...................................... 154 Examiner..................................... vi 154 Expenses..................................... Insured banks.............................3, 115 Legislation...............................101-103 127 Liabilities.................................... Receiverships.............................. 163 State (s): Banking legislation.................101-104 Banks of deposit, insured. .3, 110-117 See also names of individual States. State banks. See Bank(s), State. Taxation, legislation concerning.. Tennessee: Accounts.................. 63, 67, 71, 73, Assets.......................................... Bank(s), operating..................... Bank branches............................ Deposits.. .63, 77, 81, 83, 91, 119, District office.............................. Dividends.................................... Earnings...................................... Examiner.................................... Expenses..................................... Insured banks............................ 3, Legislation................................... Liabilities.................................... R eceiverships.............................. 177 104 91 127 115 115 127 vi 154 154 vi 154 115 102 127 163 Unsafe and unsound banking practices. See Banking practices. Utah: Accounts...................63, 67, 71, 73, 91 Assets.......................................... 127 Bank(s), operating..................... 116 Bank branches............................ 116 Deposits.. .63, 77, 81, 83, 91, 119, 127 District office.............................. vi Dividends.................................... 154 Earnings...................................... 154 Examiner..................................... vi Expenses..................................... 154 Insured banks.............................3, 116 Legislation................................... 104 Liabilities.................................... 127 Valuation reserves. See Reserves for losses. Vermont: Accounts............ 63, 67, 71, 73, 86, 91 127 Assets.......................................... Bank(s), operating..................... 116 Bank branches............................ 116 Deposits 63, 77, 81, 83, 88, 91, 119, 127 District office.............................. vi Dividends.................................... 154 Earnings...................................... 154 Examiner..................................... vi Expenses..................................... 154 Insured banks.............................3, 116 Legislation................................... 101 Liabilities.................................... 127 Receiverships.............................. 163 Violation(s). See Law violations. Virgin Islands: Assets.......................................... 127 Bank(s), operating................. 117, 127 Bank branches............................ 117 Deposits.................................. 119, 127 District office.............................. vi Examiner..................................... vi Liabilities.................................... 127 178 FEDERAL D E P O S IT IN SU R A N CE C O R PO R A T IO N Page Page Virginia: Accounts...................63, 67, 71, 73, 91 127 Assets.......................................... Bank(s), operating..................... 116 Bank branches............................ 116 Deposits.. .63, 77, 81, 83, 91, 119, 127 District office.............................. vi Dividends.................................... 154 Earnings...................................... 154 Examiner..................................... vi Expenses..................................... 154 Insured banks.............................3, 116 Liabilities.................................... 127 Receiverships.............................. 163 Earnings...................................... 154 Examiner..................................... vi 154 Expenses..................................... Insured banks.............................3, 116 Legislation...............................103-104 127 Liabilities.................................... Receiverships.............................. 163 Wisconsin: Accounts............ 63, 67, 71, 73, 86, 91 Assets.......................................... 127 Bank(s), operating................... . 116 Bank branches............................ 116 Deposits 63, 77, 81, 83, 88, 91, 119, 127 District office.............................. vi Dividends.................................... 154 Earnings...................................... 154 Examiner..................................... vi Expenses..................................... 154 Insured banks.............................3, 116 Legislation...............................101-102 127 Liabilities.................................... Receiverships.............................. 163 Wisconsin, University of, School 19 of Banking, courses.................... Wyoming: Accounts.................. 63, 67, 71, 73, 91 Assets.......................................... 127 Bank(s), operating..................... 117 Bank branches............................ 117 Deposits.. .63, 77, 81, 83, 91, 119, 127 District office.............................. vi Dividends.................................... 154 Earnings...................................... 154 Examiner.................................... vi Expenses..................................... 154 Insured banks.............................3, 117 Legislation...............................101-104 Liabilities.................................... 127 Receiverships.............................. 163 Washington: Accounts............ 63, 67, 71, 73, 86, 91 Assets.......................................... 127 Bank(s), operating..................... 116 Bank branches............................ 116 Deposits 63, 77, 81, 83, 88, 91, 119, 127 District office.............................. vi Dividends.................................... 154 Earnings...................................... 154 Examiner.................................... vi Expenses..................................... 154 Insured banks............................ 3, 116 Legislation...............................101-104 127 Liabilities.................................... Receiverships.............................. 163 West Virginia: Accounts.................. 63, 67, 71, 73, 91 Assets.......................................... 127 Bank(s), operating..................... 116 Bank branches............................ 116 Deposits.. .63, 77, 81, 83, 91, 119, 127 District office.............................. vi Dividends.................................... 154
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