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FE D E R A L R E S E R V E BANK
O F NEW YORK
r Circular N o. 3 4 2 7 * 1
M arch 24, 1949

L

J

Operating Ratios of Member Banks in the Second Federal
Reserve District for the Year 1948
To all Member Banks in the
Second Federal Reserve District:

For all member banks in the Second Federal Reserve
District, net profits after all charges, but before dividend
payments, averaged 7.0 per cent of total capital accounts
in 1948. The comparable figure was 8.1 per cent in 1947.
The return on capital funds was unchanged (at 6.1 per
cent) in the largest New York City banks, but was lower
in all other groups, with the heaviest declines occurring
in the largest banks outside the City. In all groups, how­
ever, net profits were reduced by substantial charges to
earnings for the creation or enlargement of reserves for
bad debt losses on loans, as allowed under a Treasury
ruling in December 1947. The reserve for bad debt losses
on loans is similar to the valuation reserves against loans
previously employed by many banks, in that increases in
both types of reserves involve charges against current
earnings. The added feature of deductibility from
income subject to taxation, according to a Treasury
formula, however, has caused rather widespread adoption
of reserves for bad debt losses, and the resulting charges
against 1948 earnings of banks have been relatively
heavy.1 The wide acceptance of the principle involved
(namely, the accumulation of tax-free reserves in
prosperous years, when actual loan losses are small, for
use in years when actual loan losses may be heavy), while
it reduces net profits currently, augurs well for a greater
degree of stability of bank earnings in the future.
TABLE I
S econd Federal R eserve D istrict
Per Cent o f A ll M em ber Banks in V arious Groups H aving R eserves for
Bad D ebt L osses as o f D ecem ber 3 1 , 1948
Banks having specified percentages
of loans to total assets
Group
Under 10 10-19.9
Banks outside New York
City with deposits of:
Under $2,000,000..
$2 to $5,000,000...
$5 to $20,000,000..
Over $20,000,000..
B a n k s in N ew Y o r k
All member banks........

7 .7 %
21.1
62.5
66.7

15.4%
34.6
66.3
68.8

20-29.9

18.6%
50.8
74.7
74.2

30-39.9 40and up

53.1%
45.1
77.4
87.5

42.9%
56.3
89.7
83.3

All
member
banks

zation (at the end of 1948) of the principle of setting up
valuation reserves for possible losses, on either loans or
securities, is shown in Table III on the back page of the
circular. This table shows that 486 banks, or 62 per cent
of all members, had some form of valuation reserves
against loan losses while only 211 banks, or 27 per cent,
had set up reserves for possible security losses.
Table II indicates the relative amounts charged against
current earnings, for losses on loans and on securities in
1948, by various groups of banks and the extent to which
such charges represented actual losses taken during the
year (net losses excluding transfers to bad debt and other
valuation reserves). Net charge-offs for losses on loans,
including transfers to reserves for losses, averaged 4.8
per cent of total earnings for all member banks and were
generally greatest in the larger baDks of the District. The
upward trend in total charge-offs on loans by size of bank
generally reflected variations in the amount of transfers
to reserves for bad debt losses on loans, rather than differ­
ences in losses actually sustained during the year. These
transfers averaged 4.5 per cent of total earnings for all
member banks, and ranged rather steadily upward from
an average of 2.1 per cent in the smallest size banks, with
deposits of less than $2,000,000, to 12.3 per cent in the
largest central reserve New York City banks. This varia­
tion was due principally to the fact that the relative
number of banks setting up bad debt reserves for loan
losses increased with the size of the banks, rather than
to variations among the individual banks in the pro­
portions of income set aside.
Net recoveries and transfers from other valuation
reserves on loans, averaged only 0.3 per cent of total
T A B L E II
Second Federal R eserve D istrict
N et C harge-offs for L osses on Loans and Securities for M em ber Banks
A djusted fo r T ransfers T o or From R eserves in 1948

2 8.4 %
42.9
73.2
76.4

100.0

83.3

84.6

87.5

100.0

86.8

35.8

47.6

58.0

64.9

64.6

55.7

Net charge-offs for losses Net losses or recoveries (+ )
on loans
on securitiest
(In per cent of total earnings) (In per cent of total earnings)

Group

* Banks in Manhattan, The Bronx, and Brooklyn.

Table I shows that the proportion of banks having
bad debt reserves mounts steadily with the size of the
bank. It also indicates that banks with relatively
small loan portfolios have been less apt to set up such
reserves than banks with relatively large portfolios. The
proportion of loans to total assets, as a factor in deter­
mining whether to set up loan reserves, becomes less
important as the dollar volume of loans, with the atten­
dant risk of loss, increases. Consequently, a high per­
centage of all large banks set up such reserves regardless
of whether their ratio of loans to total assets was large
or small.
The broad picture of the extent of member bank utili­

Banks outside New York City
with deposits of:
Under $2,000,000............
$2 to $5,000,000..............
$5 to $20,000,000............
Over $20,000,000............

Including
transfers to
reserves for
bad debt
losses and
other valua­
tion reserves

Excluding
transfers to
reserves for
bad debt
losses and
other valua­
tion reserves

Including
transfers
to or from
valuation
reserves

+ 0 .2 %
0 .8
0 .6
+ 0 .2

10.7
9.1
4.9

1.2
0 .5
—

2 .0
+ 0 .3
+ 1 .2

2 .0
2 .0
+ 1 .2

4 .8

Banks in New York City* with
deposits of:
Under $100 million.........
$100 million to $1 billion.
Over $1 billion................

1.5%
0.4
0.2
0.7

0 .6

0 .4

0 .6

3 .6 %
3.4
5.5
7.7

All member banks, weighted

t Recoveries on securities include profits on securities sold.

0 .6 %
0 .5
0 .5
0.9

* Banks in Manhattan, The Bronx, and Brooklyn.
Note: Ratios for individual groups are based on aggregate dollar figures for each
group; ratios for all member banks are averages of the individual groups
weighted by the number of banks in each group.

1 Batios 2, 3, 7, 20, 21, 22, and 27 are all affected this year by transfers to reserves for bad debt losses on loans.




Excluding
transfers
to or from
valuation
reserves

Second Fede
Average Operating Ratios of Member Banks Grouped According
All ratios are expressed in percentages and are arithmetical averages of the ratit

Loans to Total Assets, Per cent

Group

Average Under 10 10-19.9

20-29.9

30-39.9

155

39

43

5.6

9 .0

10.3

5 .5

9.1

9.2

7.4

4 .6

7.3

1.9

1.6

1.8

Loans to Total Assets, I
Group
40 and up Average Under 10 10-19.9 20-29.9 3C

32

10.4

Number of Banks..

13

9.3

SUMMARY RATIOS

BANKS LOCj
GROUP II—Deposits $2,000,000 to

GROUP I— Deposits under $2,000,000

YOUR
BAN K

28

245

19

12.4

12.7

11.2

10.6

10.3

9 .6

7.2

8 .5

8.0

7.4

5.1

7 .0

7.4

1.9

2 .2

1.9

2.1

1.3

2 .1

2.2

78

65

7.1

9.4

11.2

6.3

8.7

9 .5

Percentage of Total Capital Accounts

1. Net current earnings before income taxes.............

J

Percentage of Total Assets
2.81

1.99

2.46

2.75

3.06

3.48

2.68

2.03

2.39

2.65

0.94

0.54

0.79

0.92

1.11

1.20

0.86

0.53

0.75

0.85

0.67

6. Net current earnings before income taxes.............

0.46

0.64

0.66

0.75

0.74

0.58

0.38

0.56

0.57

SOURCES AND DISPOSITION OF EARNINGS
Percentage of Total Earnings

8. Interest on U. S. Government securities— .........

33.7

52.7

44.9

33.7

26.7

17.0

35.4

58.9

43.6

36.3

9 Interest and dividends on other securities...............

7 .4

15.3

10.6

7.2

3 .8

3 .6

6 .8

11.4

9 .5

5.3

49.6

20.9

35.1

48.9

60.0

72.4

46.5

17.2

35.4

47.1

5.6

7 .1

5.9

5.7

5.6

4 .5

6.6

7.5

6 .8

6.7

3.7

4 .0

3 .5

4.5

3.9

2 .5

4.7

5.0

4.7

4.6

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

1.5

1.1

1.4

1.4

29.0

30.0

29.0

29.2

11. Service charges on deposit accounts......................
13.
Total earnings .......................................................
14. Trust department earnings1 ( included in item 12)

100.0

2 .1

-

-

-

-

-

<

i<

✓

29.2

34.0

29.4

29.9

27.7

14.1

15.0

16.4

13.0

12.8

13.6

16.5

21.4

18.1

15.6

23.4

24.0

22.2

23.7

23.2

24.6

22.7

22.6

21.9

23.0

:

66.7

73.0

68.0

66.6

63.7

65.5

68.2

74.0

69.0

67.8

•

19. Net current earnings before income taxes.............

33.3

27.0

32.0

33.4

20. Net recoveries and profits3 (or losses - ) ...............
21. Taxes on net income.................................................
22.
Net profits ............................................................

-2 .8

0 .2

0 .4

-2 .7

16. Interest on time deposits.........................................

27.3

36.3
-

5 .5

34.5
-

6.1

31.8
-

3 .8

26.0
-

3.1

31.0
-

2.1

32.2
-

4.7

6.3

4 .0

6 .4

6.7

6 .4

6.6

6 .3

4.2

5.4

6.1

24.2

23.2

26.0

24.0

24.4

21.8

21.7

18.7

23.5

:
-

21.4

RATES OF RETURN O N SECURITIES AND LOANS
Return on Securities

23. Interest on U. S. Government securities.................

2 .0

1.8

2 .0

2 .0

2 .0

2 .0

1.9

1.8

1.9

1.9

24. Interest and dividends on other securities.............

2 .7

2 .5

3.2

2.7

2 .0

3.1

2.3

2 .4

2 .4

2 .0

t

t

t

t

t

0 .1

t

0.1

t

t

25. Net recoveries and profits (or losses - ) on total
securities ................................................................

-

Return on Loans

26. Earnings on loans1.....................................................

5 .5

5 .3

0 .2

0 .5

45.7

57.2

55.9

46.8

40.7

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

7 .8

12.6

9 .4

8 .0

6 .1

30. Loans ..........................................................................

26.9

7 .7

15.4

24.7

31. Cash assets ................................................................
32. Real estate assets....................................................................

18.9

21.8

18.7

0 .6

0.6

0 .5

33. Capital accounts to total assets, less Gov’ts and
cash assets ..............................................................................

31.1

55.6

34. Capital accounts to total deposits.................................

10.8

11.6

35. Time deposits to total deposits........................................

46.3

40.2

27. Net recoveries (or losses - ) on loans.....................

-

5.6
-

5.5

5 .4

5.2

5.5

0 .3

0.3

29.9

48.3

65.5

55.7

4 .8

8 .3

10.2

10.4

7.1

34.1

47.2

25.3

6.4

16.0

24.6

19.6

18.4

17.3

17.1

17.3

17.0

17.1

0 .8

0 .6

0 .7

0 .9

0.5

0 .8

0 .9

40.9

28.7

23.2

18.8

27.4

55.7

32.5

25.4

10.8

10.7

10.4

11.2

8 .9

8.3

9.1

8.9

47.2

42.5

47.4

52.7

52.9

55.9

53.1

51.7

0.1

-

0 .2

-

0 .6

5.3
-

0 .5

-

5.3
-

0 .2

5.1
-

0.4

DISTRIBUTION OF ASSETS
Percentage of Total Assets

28. U. S. Government securities....................................
29. Other securities

50.2

CAPITAL AND DEPOSIT RATIOS — in Percentage

1 Interest and discount on loans plus service charges and other fees on loans.
2 Banks not reporting this item or reporting zero amounts were excluded in computing this average, and averages
are not shown where there were fewer than 3 banks in a group.
3 Profits on securities sold or redeemed and recoveries on securities and on loans, less all charge-offs other than

recurring depreciation on banking house and fixtures (which is included in item 17).



I

* Includes Manhattan, The Bi
these three groups the subgn
been omitted from Group \
t Less than 0.1 per cent,

erve District
e of Deposits and Proportion of Loans to Total Assets — 1 9 4 8
ividual banks in each group, rather than ratios based on aggregate dollar figures
JTSIDE N EW YO RK C ITY
GROUP III— Deposits $5,000,000 to <20,000,000

BANKS IN NEW YO R K C IT Y *
GROUP V GROUPVI GROUP VII

GROUP IV—Deposits over $20,000,000

Deposits
over
$1 billion

16

92

53

79

29

72

16

3

31

16

6

18

1947

1948

9

Deposits
Deposits
Loans to Total Assets, Per cent
Loans to Total Assets, Per cent
Group
Group
$100 million
under
Average Under 10 10-19.9 20-29.9 30-39.9 40 and up $100 million to $1 billion
up Average Under 10 10-19.9 20-29.9 30-39.9 40 and up
269

ALL BANKS

792

779

11

1

12.0

8 .8

10.0

12.0

13.0

18.2

10.5

6 .8

8 .6

10.1

11.5

16.6

10.0

8 .5

9 .0

10.9

11.2

1

I

9 .8

8 .2

8 .6

9 .4

11.3

13.0

8 .1

7.3

6.4

8 .1

9 .6

9 .8

6 .0

4 .8

8 .1

11.4

9.3

2

J

6 .9

5 .8

6 .4

6 .7

8 .0

7 .8

6 .2

6 .2

4 .9

6.3

7 .5

5 .8

4 .0

3.6

6 .1

8 .1

7 .0

3

I

2 .2

1.9

2 .1

2 .2

2.3

2 .6

2 .8

2.7

2 .8

2 .7

2 .9

3.1

1.9

3.1

3 .5

2 .2

2.2

4

>1

2.67

2.01

2.32

2.58

2.90

3.96

2.53

1.94

2.18

2.46

2.74

3.58

2.34

2.03

1.71

2.46

2.66

5

JO

0.82

0.58

0.69

0.82

0.91

1.20

0.72

0.43

0.57

0.68

0.84

1.15

0.68

0.67

0.70

0.78

0.84

6

13

0.48

0.38

0.44

0.47

0.56

0.50

0.42

0.39

0.33

0.42

0.54

0.41

0.28

0.38

0.47

0.58

0.54

7

I

35.3

59.2

46.3

32.4

25.0

13.7

32.5

52.3

43.5

32.2

24.7

15.7

26.5

34.7

30.8

40.5

34.5

i

6 .0

9 .5

6 .8

7.0

4 .7

1.6

6 .4

14.8

7 .5

6.1

5.2

4.1

5.2

3 .2

4 .7

6.6

6.5

9

44.5

17.4

32.0

46.1

57.0

72.0

43.8

16.0

28.6

44.7

55.7

62.5

47.2

35.2

42.1

40.3

46.0

10

>

8

J

7 .5

7 .8

7 .3

7 .9

7 .3

6 .8

6 .0

6 .9

6 .4

6 .0

5.6

5 .1

9.6

5.5

2 .5

6.1

6 .6

11

5

6 .7

6 .1

7 .6

6 .6

6 .0

5.9

11.3

10.0

14.0

11.0

8 .8

12.6

11.5

21.4

19.9

6 .5

6.4

12

>

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

13

5

2 .7

2 .5

3 .0

3 .1

1.9

1.4

4 .8

3 .9

5.6

4 .8

4 .2

4.9

9.0

15.4

9.7

3 .5

3.6

14

29.4

28.2

29.3

29.8

30.1

28.5

32.5

34.7

33.5

32.7

31.0

30.9

39.9

40.1

34.8

29.2

30.0

15

1

15.6

20.1

17.8

15.1

13.6

11.3

13.4

17.5

14.7

12.8

13.0

11.6

4.2

2 .1

1.4

15.8

14.7

16

I

24.3

22.9

23.5

23.5

24.9

28.2

26.2

25.6

25.8

26.9

25.9

25.5

27.0

25.1

22.7

23.6

23.9

17

i

6 9.3

71.2

70.6

68.4

68.6

68.0

72.1

77.8

74.0

72.4

69.9

68.0

71.1

67.3

58.9

68.6

68.6

18

30.7

28.8

29.4

31.6

31.4

32.0

27.9

22.2

26.0

27.6

30.1

32.0

28.9

32.7

41.1

31.4

31.4

19

5.9

1.4

4 .5

-1 1 .1

-1 1 .7

-1 0 .9

3 .8

1.8

4 .6

20

(

-

5 .1

-

1.7

-

3.9

-

6 .5

-

3 .9

-

9 .6

-

-

6 .0

-

6 .4

-

-

-

1

7 .3

7 .9

6 .4

7 .0

8 .1

9.1

5 .0

3 .6

4 .7

4 .4

5.6

7.3

5.6

5.5

9 .4

9 .4

6 .5

21

i

18.3

19.2

19.1

18.1

19.4

13.3

17.0

20.0

15.3

16.8

20.0

13.6

11.6

16.3

27.9

23.8

20.3

22

1.8

1.8

1.6

1.7

1.7

1.7

1.7

1.7

1.7

1.4

1.5

1.5

1.8

1.8

23

2 .5

2 .3

2.7

2 .4

2 .5

2 .9

2.3

2 .3

2.1

2 .5

2.9

2 .6

2.7

2 .4

24

-

0 .1

t

0 .1

t

t

-

0 .1

t

0 .1

t

-

0 .2

t

0.1

0 .1

t

25

-

0 .6

-

0 .5

-

0 .8

1

1.8

1.8

1.8

2 .4

2 .0

2 .4

t

t

t

4 .9
1

-

0 .5

4 .8
-

0 .4

4 .8
-

0 .5

4 .8

0 .4

4 .4

5.9

4 .8
-

-

0 .8

-

3.8

0 .6

1.2

4.1

4.4
-

0 .7

5 .0

4 .5
-

0 .8

-

1.2

4.1

2 .9
-

0 .9

2.3
-

t

5.0

5.0

0 .4

-

26

0.4

27

28

49.2

59.0

47.6

40.5

-2 9 .1

46.8

59.4

56.6

47.3

39.5

31.4

39.7

45.2

36.2

53.2

47.6

9 .7

7 .5

8 .9

7.1

3 .0

7 .4

11.4

7 .9

7 .4

6 .7

6.2

5.5

2 .8

3 .6

6.7

7 .6

29

25.0

7 .5

15.7

24.8

34.1

48.8

25.8

8 .3

15.4

24.8

34.3

44.7

26.9

23.7

31.2

21.1

25.7

30

17.2

16.7

16.7

17.6

17.0

17.9

18.4

19.5

18.5

18.8

18.3

15.8

27.0

27.1

27.4

17.9

18.1

31

0 .9

0 .7

0 .9

0 .9

1.1

1.0

1.2

1.0

1.3

1.3

0 .9

1.4

0.4

0 .6

0 .7

0 .9

0 .8

32

24.6

42.9

31.7

21.9

17.1

12.8

21.6

30.9

28.2

20.8

17.8

13.1

26.7

31.0

22.9

31.5

26.6

33

7 .8

7 .6

7 .8

8 .0

7 .8

7.3

7 .6

6 .8

7 .5

7 .5

8 .1

7 .6

8.4

9 .4

9 .3

8.4

8 .8

34

51.3

i

65.2

7 .5

53.9

53.6

49.6

49.7

50.4

42.9

44.5

43.9

40.4

44.3

48.4

15.7

11.0

5 .6

47.7

48.1

35

oklyn only. Because of the small number of banks in
s to Total Assets” has been omitted. Two banks have
' extreme ratios due to particular types of business.




Note: Balance sheet figures used as a basis for the ratios are averages of amounts
reported for December 31, 1947, June 30, 1948, and December 31, 1948.

earnings for all member banks during 1948, and ranged
from zero in the smallest banks to 7.4 per cent in the
largest New York City banks. In the New York City
banks, a sizable part of the recoveries and transfers from
other valuation reserves on loans was used to build up
reserves for bad debts on loans, although a part was
added to net current earnings because it was no longer
deemed necessary as a protection against possible loan
losses. Actual net losses charged off on loans by all mem­
ber banks averaged only 0.6 per cent of total earnings,
but losses were sustained in some degree by all groups
of banks except the largest New York City banks. Rela­
tive to total outstanding loans, actual net losses in 1948
represented a virtually negligible fraction, while bad
debt reserves, accumulated through December 31, 1948,
were 0.9 per cent of average outstanding loans and all
other valuation reserves on loans represented an addi­
tional 0.4 per cent.
Charge-offs for net losses on securities averaged only
0.4 per cent of total earnings for all member banks during
1948, but this average included recoveries from valuation
reserves averaging 0.2 per cent, so that actual net losses
on securities equaled 0.6 per cent of total earnings. Among
the various groups of banks the changes in valuation
reserves on securities were irregular, but actual net losses
on securities were sustained by all but the largest New
York City banks, which had a moderate volume of recov­
eries and profits on security sales.
Total earnings of all groups of member banks in the
District increased, the over-all average ratio of gross earn­
ings to total assets (ratio 5) rising from 2.46 per cent in
1947 to 2.66 per cent in 1948. Generally, the widest yearto-year increases in this ratio were shown by the smallest
banks, and the gains narrowed as the size of the banks
increased. This relationship generally reflected [the
greater growth of loans (high-income assets) in the
smaller banks and the slightly larger reduction in such
banks ’ holdings of lower income-producing United States
Government securities.
The continued rise in loan volume, during 1948,
greatly increased the number of Second District member
banks with ratios of loans to total assets of over 30 per
cent, and it was deemed advisable to subdivide the group
into banks with ratios up to 40 per cent and banks with
ratios of 40 per cent or higher. The banks with the high­
est proportion of loans, 40 per cent and up, had the high­
est ratio of net current earnings (before income taxes) to
total assets in all size groups, but their net profits, in per
cent of total assets, were slightly lower than the groups
with the next highest proportion of loans, indicating the
effect of higher taxes and higher charge-offs, either for
creation of reserves or for actual losses.

Net current earnings before income taxes generally
showed a slight dollar increase over 1947 in about two
thirds of the member banks of the District. Relative
to total (gross) earnings, however, net current earnings
before taxes (ratio 19) remained unchanged at 31.4 per
cent, indicating that the average growth in expenses was
equal to the average growth in total earnings. Net cur­
rent earnings before income taxes increased slightly
relative to capital accounts in most groups of banks,
owing to a greater percentage gain in earnings than in
capital funds.
Among expense items, the amounts paid for salaries
and wages increased at most banks in the District and,
except in the two largest size groups of New York City
banks, rose proportionately more than total earnings.
For all member banks, salary and wage payments in­
creased from 29.2 per cent of total earnings in 1947 to
30.0 per cent in 1948. The growth in interest payments
on time deposits lagged behind the increase in total earn­
ings, and the share of total earnings paid out in this
form was lower than in 1947 in most groups of banks.
Largely reflecting the effect of deductions from taxable
income for setting up bad debt reserves on loans, the
average ratio of income taxes to total earnings (ratio 21)
declined by nearly one third from 9.4 per cent in 1947,
to 6.5 per cent in 1948.
The growth in loans and the reduction in Government
security holdings of member banks of the District, dur­
ing 1948, are reflected in a fairly sharp decline, from
31.5 per cent to 26.6 per cent, in the ratio of capital
accounts to total assets less Government securities and
cash assets. In effect, bank assets carrying a relatively
larger degree of risk increased more than the capital
funds out of which realized losses, in excess of reserves,
would have to be met. Banks which have set up bad debt
reserves presumably have sought additional protection
through this device. The ratio of capital accounts to
deposits rose slightly from 8.4 per cent to 8.8 per cent,
in 1948, because of a proportionately greater rise in
capital funds than in deposit liabilities.
Dividend payments were maintained at the conserva­
tive levels of recent years at most member banks of the
District, and averaged about one third of the amounts
available for distribution. Relative to capital accounts,
dividend payments remained unchanged at 2.2 per cent
(ratio 4 ). Retained earnings, while substantial, dimin­
ished further, and the growth in capital accounts was at
a lower rate than in any of the previous three years.
A

llan

S proul,

President.

T A B L E III
Second Federal R eserve D istrict
The N um ber o f M em ber Banks in V arious D eposit Size Groups w ith D ifferent
K inds o f V aluation R eserves on D ecem ber 31, 1948
The number of banks having

Group

Reserves
for bad debt
losses and other
Reserves for
valuation
Other valuation
Total number bad debt losses
reserves on
reserves on
of banks
on loans only
loans
loans only

N o valuation
reserves on
loans

Valuation
reserves on
securities

No valuation
reserves on
securities

18
48
83
41

137
197
186
31

6

8

10
5

7

2

211

568

Banks outside New York City with deposits of
Under *2,000,000............................................
$2 to $5,000,000...............................................
$5 to *20,000,000.............................................
Over $20,000,000.............................................

155
245
269
72

38
84
137
29

6

11

100

60
26

12

18

122
60

9

8

Banks in New York City* with deposits of:
Under $100 million.........................................
$100 million to $1 billion...............................
Over $1 billion.................................................

18
11
9

8
2

7
7

1
1
0

2

All member banks...................................................

779

299

* Banks in Manhattan, The Bronx, and Brooklyn.




1

21

8
135

52

1
0
293


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102