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1969

operating ratios
of second district member banks




FEDERAL RESERVE BANK of NEW YORK

F E D E R A L R E S E R V E BAN K
O F N EW Y O R K

November 23, 1970

To All Member Banks in the
Second Federal Reserve District:

We are pleased to send you this report on the 1969 operating ratios
of 361 member banks in the Second Federal Reserve District, although
we regret the delay in its publication.
W e believe you will find this report useful in analyzing your operat­
ing performance and comparing it with the results for banks o f similar size
and deposit structure. The data are not comparable with results for prior
years because o f the 1969 revisions in the underlying reports submitted by
member banks, as well as other changes in the ratios. In the future, however,
you will again be able to make year-to-year comparisons for your bank,
and we hope that the new set of ratios will become an increasingly useful
management tool.
Because o f the revisions and processing delays, we have not presented
our usual summary analysis o f the composite income data for Second
District banks. We have instead included a discussion o f some of the major
changes that are reflected in this year’ s operating ratios.
If you have any questions about this report, or desire additional copies,
you may contact our Banking Studies Department.




A l f r e d H ay es,

Presiden t

Revisions in the Operating R a t io s ...................................................................................................
Tables
1969 Average Operating Ratios of Member Banks in the Second Federal Reserve District
1969 Average Operating Ratios of Second District Member Banks —
With Deposits under $5 Million ............................................................................................
W ith Deposits of $5 Million to $10 M illio n ........................................................................
With Deposits of $10 Million to $50 M illio n ......................................................................
With Deposits of $50 Million to $150 M illio n ....................................................................
With Deposits of $150 Million and O v e r .............................................................................
Notes to ta b le s ......................................................................................................................................




Revisions in the Operating Ratios

A number o f major revisions were made in both the

Changes in the operating ratios

Report o f Condition and the Report o f Income in

The new terminology used to label many o f the

1969. These changes required many modifications in
the computation of operating ratios and provided an
opportunity to revise our annual publication o f the

ratios reflects the changes made in the underlying
statements. But other changes and additions are less
apparent. Profitability (ratios 1 and 2 ) is now shown

ratios of member bafiks in the Second Federal Reserve
District. The new set o f ratios includes more detailed
and relevant information for analyzing member bank
operations. Because o f the revisions, few o f the 1969

as the return on equity capital, which is defined

ratios are comparable with those o f previous years.
The major changes in the condition and income
reports, the revisions in the ratios themselves, and the
new format o f this publication are discussed below.

to include all reserves since reserves are essentially
a segregation of net worth. Cash dividends declared
as a percentage of net income (ratio 3) shows the
“ pay-out ratio.”
In the section showing the sources and disposition
of income, several expense items are included as
percentages of total assets (ratios 4 -1 1). For making

Changes in the Reports of Condition and Income
In both the condition and income reports for 1969,
banks with total assets o f $50 million or more were
required to report on an accrual accounting basis.
Previously banks had been allowed to submit reports
on either a cash or an accrual basis. (Effective in
1970, accrual accounting is required o f banks with
total resources o f $25 million or more.) Moreover,
banks were required, for the first time, to submit their
condition and income statements on a consolidated
basis, including their bank premises subsidiaries and

comparisons between banks o f similar size, ratios
based on total assets may prove more useful than
those based on total operating income — as in past
years — because the latter may be subject to wider
variation.
The greater detail provided for portfolio securities
is reflected in a number o f ratios. Interest income
on each type of security is given as a percentage o f
total operating income (ratios 12-15) and the rates
of return are given in ratios 35-38. Also, each cate­
gory is shown as a percentage o f total assets (ratios
41-44). A new section shows the distribution o f loans
by type (ratios 48-52). A new ratio— income taxes

other domestic subsidiaries that are majority-owned.

to pre-tax income (ratio 5 6 )— indicates the effective
tax rate paid by member banks.

The new reports also require banks to provide
several new breakdowns, such as the segregation of
trading account securities and the division o f port­

Revised classification of banks
As in prior years, average ratios are presented for
groups o f banks divided by deposit size and sub­
divided by the proportion o f time deposits to total

folio securities into four accounts. On the condition
report, loans and securities are now reported on a
gross basis rather than net o f reserves. The income
report has been substantially affected by the inclusion

deposits. This year most o f these statistical classes
have been revised in an attempt to group banks more

of loan losses and interest on capital notes and deben­
tures as operating expenses. Finally, income taxes

homogeneously. To the extent that size and deposit

must be allocated between operating earnings and
such non-operating accounts as net securities gains

structure differences are minimized within the vari­
ous groups o f banks, differences between the operating

or losses.

results of an individual bank and the averages o f its




1

group will reflect primarily factors within the control

ability, using the ratio o f net income to total assets

o f management. Variations may be explained, for
example, by policy decisions as to the structure of

(ratio 1 1 ). The averages o f the ratios of those banks
ranking in the top 25 per cent of this array are shown

the loan or security portfolios, by the rates o f interest

in the Highest Quartile column.

paid on deposits or borrowed money, or by the num­
ber o f employees and their salaries.

“Highest Quartile” column
An innovation in this year’ s report is the addition
o f a column headed “ Highest Quartile” for each
group o f banks. Within each deposit size and struc­
ture class, the banks were arranged in order of profit­




Comparison o f a bank’ s ratios with the results o f
the higher-earning banks in its deposit size and struc­
ture group may prove useful in pointing out the areas
in which bank management can work to improve prof­
itability. It should be noted, however, that there are
many possible explanations for differences in individ­
ual bank results. Comparisons with high-earning
banks should include careful consideration o f any
special circumstances faced by an individual bank.

1 9 6 9 A verage O p eratin g R atios o f M em ber B an k s in th e S econ d F ed eral R eserv e D istrict
All
Second
District
Member
Banks*

PR O FITA B ILITY

Number of banks........

All other banks with deposits of—

361

Under
$5
Million

$5-$10
Million

$10-$50
Million

$50-$150
Million

Over
$150
Million

44

Money
Market
B anks**

46

161

55

YOUR
B A NK

46

9

P e rce n ta g e o f Equity C a p ita l Including All R e se rv es
10.48
10.06

9 11
7.95

7.75
7.18

9.84
9.79

10.81
10.22

11.23
11.09

11.99
11.68

33.66

67.54

28.24

39.70

28.82

37.19

38.91

5 83
1 36
1 99
21
98
4 55
89
85

5.17
1 12
85
17
1.87
4.02
69
.60

5.68
1.49
1.78
.17
1.11
4.56
.75
.68

5.76
1.39
1.93
.19
.92
4.44
.91
.90

5.82
1.30
2.11
.20
.90
4.53
.90
.85

5.99
1.37
2.15
.25
.94
4.72
.94
.93

6.04
1.43
1.81
.26
1.14
4.66
.96
.94

12 17
2.43
8.29
.52
68.29
8.26

5.40
.53
5.85
.35
71.98
15.87

19.17
2.44
4 .9 6
.74
66.30
6.37

15.89
3.42
5.92
.61
67.23
6.91

12.10
3.00
8.42
.49
68.38
7.58

8.43
1.67
11.35
.43
67.88
10.21

7.76
.77
10.24
.49
70.70
10.01

100.00
4.88
2.26
20.44
2.95
34.13
1.06
3.72
1.87
13.81
78.01
1.25
21.98
15.64
.80

100.00
1.09
8.45
18.26
3.17
16.66
13.32
3.49
1.18
21.99
78.10
1.00
21.89
13.33
- 1.65

100.00
4.91
23.82
2.69
31.36
.37
3.15
4.39
14.19
79.99

100.00
4.76
.96
21.45
2.83
33.59
.08
3.47
1.38
14.22
77.04
22.95
15.85
.35
+
-24
15.74

100.00
5.12
1.14
19.68
2.77
36.48
.25
3.59
1.69
13.28
77.77
1.38
22.22
15.98
- 1.05
.03
14.89

100.00
5.24
2.79
19.70
3.23
36.06
.74
4.23
1.20
13.48
78.69
1.20
21.30
16.06
.33
+
.05
15.78

100.00
4.38
2.91
20.14
3.56
30.21
3.55
4.41
1.50
13.69
77.08
1.23
22.91
16.17
.43
+
.09
15.82

5.15
2.83
3.43
4.73

5.14
4.69
3.57
7.42

4.94
5.01
3 .73
7.14

5.27
5.07
3.78
6.22

P e rce n ta g e of N et Incom e

SO U RCES A N D D ISP O S IT IO N OF INCO M E
P e rce n ta g e o f Total A ssets

P e rce n ta g e of Total O p e ra tin g Incom e
13. In terest on secu rities o f U . S. G o v t, ag en cies & c o rp o ra tio n s.........
14. In terest on o b lig a tio n s o f S ta te s and p olitical s u b d iv is io n s ..........

17. A ll oth er op era tin g in c o m e '...........................................................................

29. Interest on capital notes and debenturesd (part of item 27) ..................
32. N e t secu rities gains ( + ) or lo sses ( —) a fter ta x e ffe c t...................
33. A ll oth er a d d itio n s and su b tra ctio n s ( n e t ) ' ..........................................
34. N e t in c o m e ............................................................................................................

14.84

D ISTRIBU TIO N OF A SSETS
P e rce n ta g e of Total Assets
41 U . S. T reasury securities-^.......................................................................
42. Securities of oth er U . S. G o v t, a gencies & corporations-^...............
43. O bligations of S ta te s and political subdivisions-^................................

11.68

5.13
4.33
3.60
6.61

5.56
8.82
4.51
6.63

-

__

5.07
2.03
3.32
5.32

+

t

RATES OF RETURN O N SECURITIES A N D LO A N S
Return on Se cu ritie s/
35. In terest on U . S. T reasurv se c u r itie s .......................................................
36. In terest on securities of U . S. G o v t, a gen cies & c o r p o r a tio n s .. . .
37. In terest on oblig a tio n s of S ta te s and p olitical su b d iv isio n s..........
38. In terest and d iv id en d s on all oth er s e c u r itie s .....................................
Return on Loans#
39. In terest and fees on lo a n s ..............................................................................
40. N e t losses ( —) or recoveries ( + ) on lo a n s ...........................................

_

20.00
13.56
- 1.17
.20
12.17

7.50
.12

-

8.15
.12

-

7.48
.15

-

7.70
.05

-

7.39
.12

-

7.52
.13

-

7.56
.14

13.44
2.96
13.40
.49
56.91
10.85
1.45

10.27
1.39
17.57
.35
55.98
11.89
1.38

8.92
.72
16.05
.42
57.98
12.91
1.48

.55

.27

1.41

30 33
.92

53 00
12 43
1.16

17 08
3.20
9.71
77
55.54
11.87
1.53

37 08
3 30
20 00
28.20
11.38

6 31
03
57 39
7.49
28.75

35 99
10 60
14 48
28 55
10.35

36.48
6 12
14.80
28.67
13.91

40.57
2 39
17.16
29.03
10.84

38.01
.78
22.23
30.49
8.47

31 42
37
30 50
25.86
11.82

9.31
56.47
4.05
20.45
7.02

8 03
21.73
5.64
26.43
7.22

12.04
55.06
3.64
22.68
7.14

9.60
55.89
3.91
25.96
6.89

8.67
60.47
3.94
20.27
6.87

8.75
58.09
4.29
13.87
7.13

9.60
49.29
4.37
20.18
7.34

$244,089
$ 26,093

$6,528,982
$ 732,265

$3,262
$ 443

$7,345
$ 790

$23,818
$ 2,256

$96,324
$ 9,479

$429,158
$ 41,062

13.58
2.36

4.98
.53

21.22
2 57
8 41

DISTRIBUTION OF LO A N S
P e rce n ta ge of G ross Loans*7

OTHER RA TIO S

55. In terest on tim e and savings d ep o sits to to ta l tim e d ep o sits. . . .

D O LLA R AM OUNTS IN TH O U SAN D S

N o te s are on page 10.




100.00

M em ber B an k s w ith D ep osits u n der $ 5 M illion
Time deposits to total deposits

Group
Average

PR O FITA B ILITY

8

Number of banks........

P e rce n ta g e of Equity C a p ita l Inclu din g A ll R e se rv e s
1. Incom e after ta x es and before secu rities g a in s (lo sses) 0 ..................

6

21

Highest
Quartile
4

15

11.29
11.20

7.09
6.45

13.08
12.24

33.89

22.44

27.21

23.52

26.68

20.70

5.23
1.58
1.06
.21
.95
3.82
.98
.90

5.38
1.49
.88
.23
.78
3.38
1.48
1.25

5.60
1.47
1.80
.17
.97
4.42
.85
.80

5.90
1.60
1.70
.16
.77
4.24
1.31
1.30

6.04
1.47
2.15
.13
1.40
5.17
.47
.39

6.19
1.07
2.39
.05
.81
4.33
1.54
1.44

24.29
.75
3.41
.39
63.44
7.68

18.50
.96
3.19
.48
71.58
5.27

17.12
2.87
5.75
.85
66.83
6.56

15.00
.98
7.05
.51
69.71
6.72

19.32
2.73
4.68
.77
67.08
5.39

15.31
1.22
8.12
.16
70.84
4.32

100.00
6.46

100.00

100.00
5.05

100.00
5.16

100.00
3.98

100.00
3 .1 7

10. Incom e a fter ta x es a nd before secu rities g a in s (lo sses) 0 .................
P e rce n ta g e of Total O p e ra tin g Incom e
12. In te r est on U . S. T rea su ry s e c u r itie s ........................................................
13. In te r est on secu rities o f U . S. G o v t, a g en cies & c o rp o ra tio n s..........
14. In terest on o b lig a tio n s of S ta te s and political s u b d iv isio n s ............
15. In terest and d iv id en d s on all o th er s e c u r itie s ......................................
17. A ll oth er o p era tin g in c o m e '...........................................................................
19. Service charges on deposit accountsd (part of item 17) .........................
20. Trust department incomed (part of item 17) ............................................

—
—

—

24. In te r est on borrow ed m o n e y .........................................................................
25. N e t o ccu p a n cy ex p en se o f b a n k p r e m ises..............................................
27. A ll o th er o p era tin g e x p e n s e s .........................................................................

Interest on capital notes and debentures'1 (part of item 2 7) ..................

—

25.10
2.92
15.90
.18
4.32
.86
13.23
62.53

28.44
2 .69
19.70
.53
4 .40
1.65
14.97
72.41

22. Officer a nd em p lo y e e b e n e fits .......................................................................

—

—

23.71
2.48
32.70
.28
3.24
2.47
14.07
78.98

—

—

—

—

21.50
2.98
35.71
.41
2.35
8.55
13.93
85.46

23.80
2.84
29.52
.05
2.81
.53
12.14
71.71

—

16.33
1.13
38.74
1.10
.92
.63
10.90
69.78

—

—

27.58
19.04
- 1.19
.16
17.68

37.46
27.76
- 3.66
.44
23.66

21.01
15.05
.65
.22
14.17

28.28
22.56
+ .56
.77
22.35

14.53
8.55
- 1.90
.21
6.42

30.21
25.12
- 1.04
.48
23.59

4.92
1.16
2.80
5.88

5.80
1.09
2.50
9.61

4.90
1.92
3.48
5.05

5.68
1.88
3.53
6.52

5.39
2.66
3.36
5.41

5.42
1.97
3 .77
5.13

RATES O F RETURN O N SECU RITIES A N D LO A N S
Return on S e cu ritie s/
35. In te r est on U . S . T reasury se c u r itie s........................................................
36. In terest on secu rities o f U . S. G o v t, a g en cies & c o rp o ra tion s. . . .
37. In terest on o b lig a tio n s o f S ta te s and political su b d iv isio n s..........
38. In terest and d iv id en d s on all o th er s e c u r itie s ......................................
Return on Loans£

D ISTRIBU TIO N OF A SSETS
P e rce n ta g e of Total A ssets
41. U . S. T reasury s e c u r itie s '...............................................................................
42. S ecu rities o f o th er U . S. G o v t, ag en cies & c o r p o r a tio n s'...............
43. O b ligation s o f S ta te s and p olitical s u b d iv isio n s'............................

Group
Average

7.52
7.14

7. N e t o ccu p a n cy ex p en se o f ban k p r e m ises...............................................

40. N e t lo sses ( —) or recoveries ( + ) on lo a n s ............................................

3

Highest
Quartile

14.84
12.04

SO U RCES A N D D ISP O S IT IO N O F INCO M E
P e rce n ta g e o f Total A ssets
4. T o ta l op era tin g in c o m e ....................................................................................
5. Salaries, w ages a nd fringe b e n e fits .............................................................

In com e before ta x es and secu rities ga in s (lo s s e s )..............................
Incom e a fter ta x es and before secu rities g a in s (lo sses) 0 .................
N e t secu rities g a in s ( + ) or lo sses ( —) a fter ta x e ffe c t...................
A ll oth er a d d itio n s and su b tra ctio n s (net)®......................... .................

Group
Average

9.63
8.67

P e rce n ta g e of N et Incom e
3. C ash d iv id en d s d e c la r e d ..................................................................................

29.
30.
31.
32.
33.

Highest
Quartile

YOUR

Over 60 per cent

50-60 per cent

Under 50 per cent

-

8.00
.14

-

8.29
.14

-

7.10
.21

-

6.88
.05

-

7.73
.06

-

7.63
.06

26.26
1.10
5.64
.62
46.88
18.32
.93

16.82
2.17
6.38
.41
51.70
21.64
.71

19.02
2 .9 6
9.78
.98
53.90
12.11
1.07

14.96
1.79
11.51
.66
58.06
11.82
1.04

21.60
2.82
7.98
1.18
54.99
9.76
1.41

16.17
.94
14.14
.20
58.21
9.55
.59

29.26
6.62
24.00
20.58
19.53

30.06
2.04
11.41
23.08
33.39

38.65
11.63
12.09
32.41
5.20

34.48
12.67
12.12
33.43
7.29

35.87
11.29
12.74
27.41
12.67

43.83
13.71
11.41
25.98
5.05

11.86
33.82
2.98
26.86
6.84

10.99
26.28
2.92
17.87
6.62

11.13
55.46
3.72
19.04
6.94

11.87
54.11
3.64
20.30
7.04

13.42
65.81
3.86
25.56
7.58

11.86
69.46
4.04
17.87
7.54

$3,396
$ 474

$3,620
$ 417

$3,275
$ 413

$2,956
$ 386

$3,171
$ 469

$3,292
$ 454

D ISTRIBU TIO N OF L O A N S
P e rce n ta g e of G ro ss Lo an s b

50. C om m ercial and ind ustrial lo a n s ................................................................
51. C onsum er loans to in d iv id u a ls.....................................................................
OTHER RA TIO S
53. T o ta l capital a cco u n ts and reserves to total a sse ts '1...........................
54. T im e and sav in g s d ep o sits to to ta l d e p o s its .........................................
55. In terest on tim e and sav in g s d ep o sits to to ta l tim e d ep o sits. . . .
56. Incom e taxes to net incom e plus incom e ta x e s ...................................
57. In terest and fees on loans exclu d in g Federal fu n d s ..........................
D O LLA R AM OUNTS IN TH O U SAN D S
59. A verage eq u ity capital inclu ding all r ese rv e s......................................

Notes are on page 10.




4

100.00

M em ber B an k s w ith D ep osits o f $ 5 M illion to $ 1 0 M illion
Time deposits to total deposits
Under 50 per cent

50-60 per cent

Over 60 per cent

Group
Average

PR O FITA BILITY

Highest
Quart ile

Group
Average

Highest
Quartile

Group
Average

Highest
Quartile

9

3

17

5

20

5

Number of banks........

P e rce n ta g e of Equity C a p ita l Including A ll R e se rv e s
1. Incom e after ta x es and before securities gains (lo sses)" .................
2. N e t in c o m e ............................................................................................................
P e rce n ta g e of N et Incom e
3. C ash d iv id en d s d e c la r e d .................................................................................
SO U RCES A ND D ISP O S IT IO N O F INCOM E
P e rce n ta g e of Total A ssets
4. T o ta l o p era tin g in c o m e ...................................................................................
5. Salaries, w ages and fringe b e n e fits ............................................................
6 . In terest on d e p o s its ...........................................................................................
7. N e t occu p an cy expense of bank p rem ises..............................................
8 . A ll other operating e x p e n se s.........................................................................
9. Total operating e x p e n se s................................................................................
10. Incom e after taxes and before securities gains (losses)" .................
1 1 . N e t in c o m e ............................................................................................................
P e rce n ta g e of Total O p e ra tin g Incom e
12. In terest on U . S. T reasury se c u r itie s.......................................................
13. In terest on securities of U . S. G o v t, a g en cies & c o rp o ra tio n s.........
14. In terest on o b lig a tio n s of S ta te s a nd p olitical su b d iv isio n s............
15. In terest a nd d iv id en d s on all o th er s e c u r itie s .....................................
16. In terest and fees on lo a n s6 ............................................................................
17. A ll o th er op era tin g in co m e0..........................................................................
18.
T o ta l operating in c o m e ..............................................................................
19. Service charges on deposit accounts'1 (part of item 17) ........................
20. Trust department income4 (part of item 17) ............................................
21. Salaries a nd w a g e s .............................................................................................
22. Officer and em p lo y ee b e n e fits......................................................................
23. In terest on d e p o s its ..........................................................................................
24. In terest on borrow ed m o n e y ........................................................................
25. N e t o ccu p an cy expense of bank p rem ises..............................................
26. Provision for loan losses ( n e t ) .....................................................................
27. A ll oth er operating e x p e n se s.........................................................................
28.
Total operating e x p e n se s...........................................................................
29. Interest on capital notes and debenturesd (part of item 2 7) .................
30. Incom e before ta x es and secu rities ga in s (lo s s e s )..............................
31. Incom e after taxes and before securities gains (lo sses)0 .................
32. N e t secu rities gains ( + ) or lo sses ( —) after ta x e ffe c t...................
33. A ll o th er a d d itio n s and su b tra ctio n s (n et)* ..........................................
34. N e t in c o m e ............................................................................................................
RATES O F RETURN O N SECURITIES AN D LO A N S
Return on Se cu ritie s/
35. In terest on U. S. T reasury sec u r ities.......................................................
36. In terest on securities of U . S. G o v t, a gencies & corp orations. . . .
37. Interest on oblig a tio n s of S ta te s and political su b d iv isio n s..........
38. In terest and d iv id en d s on all oth er s e c u r itie s .....................................
Return on Lo an s 8
39. In terest and fees on lo a n s ..............................................................................
40. N e t losses ( —) or recoveries ( + ) on lo a n s ............................................

11.01
10.75

10.62
10.86

9.11
9.10

13.28
13.42

9.94
9 .9 5

13.12
13.07

39.65

19.51

60.45

24.81

2 2.08

25.04

5.67
1.60
1.27
.22
1.03
4.14
1.00
.98

5.84
1.70
.80
.28
1.10
3.89
1.21
1.23

5.59
1.41
1.85
.17
.86
4.30
.84
.84

5.57
1.15
1.77
.12
.57
3.62
1.30
1.31

5 .95
1.28
2.30
.19
.91
4.70
.92
.91

5.93
1.19
2.22
.14
.81
4 .3 7
1.23
1.22

19.71
2.32
4.94
.42
65.08
7.50

14.35
2.33
5.61
.43
68.55
8.71

16.26
.70
6.45
.35
69.18
7.03

21.07
.8 4 .
8.05
.11
64.24
5.66

13.84
6.23
5.90
.91
66.54
6.54

16.15
7 .05
5.66
57
63.85
6.70

100.00
5.20

100.00
5.56

100.00
4.74
.51
22.45
2.93
33.21
.06
3 .26
1.58
13.44
76.96

100.00
4.5 9

100.00
5.09

—

—

24.71
3.80
22.63
.05
4.04
1.63
16.14
73.03

24.10
5.35
13.62
—

5.03
1.10
17.76
66.97

—

—

—

100.00
4.10

—

—

18.32
2.53
31.90
.05
2.21
.18
9.86
65.08

19.13
2.31
38.84
.10
3 .38
1.10
14.03
78.92

—
34.91
23.41
+
.31

17.26

21.12

23.03
15.03
+
.01
+
.01
15.06

5.00
3.96
3.24
6.00

5.08
5.52
3.50
3.92

5.09
2.11
3.72
4 .27
7.52
-01

—

5.36
2.39
3.79
3 .7 6
7.89

26.96
17.64
.37

33.02
20.67
+
.45

—

8.45
.14

-

—

+

7.60
.03

+

18.61
1.63
37.56
.10
2.49
.62
12.81
73.83

__
26.16
20.92
.10

23.73

21.07
15.74
.65
+
.54
15.63

5.28
2.93
3.2 7
4 .54

5.57
3.31
3.38
5.43

—

+
+

-

7.51
.07

20.81

-

7. 73
.05

D ISTRIBU TIO N OF A SSETS
P e rce n ta g e of Total A ssets
41. U . S. T reasury s e c u r itie s '...............................................................................
42. Secu rities o f o th er U . S. G o v t, ag en cies & c o rp o ra tio n s'...............
43. O b lig a tio n s o f S ta te s and p olitical su b d iv isio n s'................................
44. A ll oth er se c u r itie s '............................................................................................
45. G ross lo a n s6 ...........................................................................................................
46. C ash a s s e t s .............................................................................................................
47. R eal e sta te a s s e t s ...............................................................................................

21.14
2.16
7.92
.56
50.82
15.41
1.68

16.32
1.60
8.32
.66
54.03
16.88
2.02

17.78
.58
10.39
.50
56.52
12.41
1.56

21.87
.92
12.74
.19
50.57
12.84
.74

14.66
5.90
9.94
1.08
56.84
9 .82
1.44

D ISTRIBU TIO N O F LO A N S
P e rce n ta g e of G ro ss Lo an s h
48. R eal e sta te lo a n s .................................................................................................
49. L oans to fa rm ers.................................................................................................
50. C om m ercial a nd industrial lo a n s ................................................................
51. C onsum er loans to in d iv id u a ls ....................................................................
52. A ll oth er loans6 ........................................................................................

22.69
1.83
22.89
35.41
17.16

8.50
1.04
26.23
49.41
14.80

35.48
7.75
14.25
27.59
14.91

32.51
10.93
11.16
30.23
15.15

43.53
6.67
11.62
26.55
11.60

OTHER RA TIO S
53. T o ta l capital a cco u n ts and reserves to total a ssets* ...........................
54. T im e and savings d ep osits to to ta l d e p o sits.........................................
55. In terest on tim e and sav in g s d ep o sits to to ta l tim e d e p o sits. . . .
56. Incom e taxes to net incom e plus incom e t a x e s ...................................
57. In terest and fees on loans exclu d in g Federal fu n d s..........................

9.21
35.23
4.07
29.66
7.06

11.43
22.58
4.12
34.14
6.87

9.45
54.91
3.79
32.82
6.73

10.08
53.23
3.79
30.83
6.92

9.91
66.01
3.94
18.47
6.96

65 10
3 81

D O LLA R AM OUNTS IN TH O U SAN D S
58. A verage total d e p o s its .....................................................................................
59. A verage e q u ity capital including all reserv es......................................

$6,917
$ 709

$6,502
$ 861

$8,136
$ 859

$8,335
$ 955

$6,864
$ 767

$6,712
$ 716

Notes are on page 10.




YOUR
BANK

5

17.38
7.13
9.70
.62
9 14
1.20

13.47
10.96

6.91

100.00

M em ber B an k s w ith D ep osits
Time deposits to total deposits
Under 50 per cent
Group
Average

P R O FITA B ILITY

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

Highest
Quartile

19

P e rce n ta ge of Equity C a p ita l Inclu din g A ll R e se rv es
1 . Incom e a fter ta x e s an d before secu rities ga in s (losses)“ .............................................

50-55 per cent
Highest
Quartile

22

5

Group
Average

6

10.26
10.15

11 44
14 49

10.34

12.99
12.88

31.93

19.33

23.69

15.11

5.80
1.57
1.43
.30
1.07
4 .3 9
.93
.92

6.09
1.54
1.38

1.34

5.60
1.41
1.76
.23
.95
4.36
.91
.83

1.18
1.73
.17
.80
3.89
1.28
1.26

10.84
2 .16
8 .53
.97
67.66
9.82

9 10
49
8 17
2.41
69.95
9 .86

13.58
4 .3 5
9 .02
.43
64.11
8 .48

11.81
2.41
11.42
.52
65.41
8 .40

100.00
6.06
2.38
23.50
3.46
2 5.15
.68
5.31
2.21
15.16
75.51

100.00
5.74

100 00
5 75
1 23
2 2.40
2.71
31.59
.15
4 20
2 20
14 33
77 60

100.00
6 .00

24.48
17.35
- 1.25
+
-01
16.11

29.04
22.38
+
.13

22 39
16 61

2 2.52

— .31
15.19

5.25
3 79
3 47
6.40

5.20
2.78
3 .5 2
6.74

7.58
.19

8 .4 9
.15

P e rce n ta ge o f N e t Incom e
SO U RCES A ND D IS P O S IT IO N OF INCO M E
P e rce n ta ge o f Total A sse ts

1.15
4 39

P e rce n ta ge of Total O p e ra tin g Incom e

17. All o th er o p era tin g in co m e* ......................................................................................................

20

Trust department incomed (part of item 1 7 ) ........................................................................

__

22.04
2 .6 8
2 3.02
.31
5.06
3.12
14.70
70.95

18.87
2.61
31.<

11.
7 0 ..

+

2 9.75
2 3.33
.49
.10
22.94

RATES OF RETURN O N SECU RITIES A N D L O A N S
Return on Se cu ritie s )
4.85

4.62
3.40
3.67
6.40

Return on Lo an s £
-

-

.08

-

8.08
.10

DISTRIBU TIO N OF A SSETS
P e rce n ta ge o f Total A ssets
42

Secu rities o f oth er U S G o v t, a g en cies & corporations-^..........................................

11 56
2 30
13.34
67
55 73
14.16
1.54

12.05

15.43
4 .35
14.37

14.53
2.01
17.64

oO. 38

JLi£ZO
<.
1.56

1.60

DISTRIBUTION OF LO A N S
P e rce n ta ge o f G ro ss Loans b

33.51

41.59
1.64
19.63
25.92

OTHER RATIO S
53 T otal ca p ita l a cco u n ts and reserves to to ta l a sse ts* .....................................
4.02
20.98
6.99

*1

3.76
20.29
6.90

D O LLA R AM OUNTS IN TH O U SA N D S
$18,260
$ 2,090

Notes are on page 10.




6

$ 1 0 M illion to $ 5 0 M illion
Time deposits to total deposits
55-60 per cent

^

60-65 per cent

65-70 per cent

Over 70 per cent

32

Highest
Quartile

Group
Average

Highest
Quartile

Group
Average

Highest
Quartile

Group
Average

Highest
Quartile

8

Group
Average

33

9

23

6

32

YOUR
BA NK

8

11.76
11.27

13.77
13.32

10.69
10.40

11.44
12.41

10.59
9.91

11.95
12.29

10.77
9 .7 0

12.79
12.54

1.
2.

26.23

16.79

29.60

25.95

35.75

31.27

27.30

23.12

3.

5.87
1.33
2.02
.20
.87
4.44
.98
.95

6.09
1.22
2.00
.19
.78
4.20
1.30
1.26

5.85
1.25
2.18
.18
.87
4.50
.89
.86

5.52
1.04
2.02
.16
.69
3.93
1.01
1.10

5.84
1.21
2.35
.19
.93
4.7 0
.84
.80

5.82
1.13
2.25
.16
.85
4.41
1.05
1.08

5.88
1.17
2.58
.15
.81
4.73
.84
.77

5.81
.96
2 .49
.13
.60
4.19
1.13
1.11

4.
5.
6.
7.
8.
9.
10.
11.

13.62
1.46
7.79
.55
68.48
8.08

11.72
.63
8.37
.13
71.81
7.31

10.15
2.65
8.64
.20
71.19
7.14

11.69
4.34
10.64
.19
66.05
7.06

11.52
5.27
8.24
.37
67.26
7.31

10.17
6.81
11.58
.82
61.96
8 .6 4

12.77
2.82
8.47
.58
69.56
5.77

16.62
2.70
9.48
.86
65.46
4 .8 6

12.
13.
14.
15.
16.
17.

100.00
5.88
.43
20.01
2 .66
34.75
.17
3.55
1.26
13.25
75.68
1.34
24.31
16.85
.69
+
.03
16.19

100.00
5.50
.51
18.02
1.95
32.92
.34
3.23
.75
11.47
68.70
—
31.29
21.56
.62
.09
20.85

100.00
4.83
1.28
18.59
2 .87
37.39
.21
3.31
1.32
12.95
76.67
—
23.32
16.33
- 1.31
+
.05
15.07

100.00
5.14
.81
18.36
2.4 0
40.55
.28
3.39
2.0 4
13.30
80.34
1.68
19.65
14.60
.69
.08
13.83

100.00
5.82
1.52
16.54
2 .9 6
38.83
.25
2.92
1.27
12.96
75.76
—
24.23
18.15
+
.58
—
18.74

100.00
3.65
.73
17.27
2.68
44.43
.14
2 .6 5
1.61
11.79
80.60
1.19
19.39
14.49
- 1.25
.01
13.22

100.00
3 .2 0
1.16
14.57
2 .0 9
43.15
.19
2 .33
.35
9.61
72.33
—
2 7.66
19.62
.42
.06
19.12

5.33
3 .09
3 .37
6.04

5.30
3.94
3.30
3.40

4.88
7.30
3.73
5.26

5.38
4.82
3.47
5.03

4.89
6.29
3.66
7.31

5.17
4.18
3.89
7.54

5.23
3.69
3.52
9.40

35.
36.
37.
38.

7.10
.07

39.
40.

100.00
4.56
1.50
16.49
2 .53
36.69
.05
3.04
1.08
11.28
71.18
—
28.81
20.51
.37
+
4
20.14

100.00

18.
19.
20.
21.
22.
23.
24.
25.
26.
27.
28.
29.
30.
31.
32.
33.
34.

.

}

-

7.38
.11

7.59
.09

-

-

7.22
.08

5.00
5.29
3.81
5.43

-

6.79
.10

-

7.57
.20

-

8.01
.16

-

7.26
.10

-

14.91
1.57
12.61
.62
56.96
11.49
1.37

11.99
2.19
13.37
.29
60.05
10.07
1.56

12.95
3.86
15.66
.20
55.33
10.41
1.31

12.43
5.14
13.87
.45
56.12
10.23
1.33

12.01
6.27
18.25
.70
51.47
9.79
.96

13.96
2.9 9
13.24
.54
59.03
8.52
1.36

16.73
3 .2 7
15.48
.65
53.69
8.8 4
1.02

41.
42.
43.
44.
45.
46.
47.

40.73
2.08
18.51
29.10
9.55

40.61
3.49
17.75
29.44
8.69

39.31
2.36
17.26
29.94
11.10

45.79
1.14
15.93
23.64
13.47

45.05
2.0 6
15.78
28.83
8.26

44.32
.04
15.73
31.91
7.99

45.14
4.17
10.21
29.24
11.22

4 7.25
8.6 3
9.67
27.68
6.74

48.
49.
50.
51.
52.

8.61
57.71
3 .9 6
24.15
6.87

9.81
57.96
3.95
25.52
7.01

8.52
62.17
3.98
21.98
6.82

8.96
62.18
3.69
23.68
6.41

8.56
67.62
3.93
18.58
6.95

10.12
66.96
3 .8 6
20.87
6.90

8.41
72.87
3.97
17.02
6.79

10.21
73.11
3.87
25.83
6.84

53.
54.
55.
56.
57.

$23,201
$ 2,199

^

13.35
.59
12.81
.23
61.07
9.94
1.38

$21,903
$ 2,356

$24,279
$ 2,333

$25,478
$ 2,564

$20,690
$ 1,862

$23,266
$ 2,325

$23,350
$ 2,043

$16,645
$ 1,845

58.
59.

Notes are oil page 10.




M em ber B an k s w ith D ep osits o f $ 5 0 M illion to $ 1 5 0 M illion
Time deposits to total deposits
Under 50 per cent

YOUR
BA NK

Over 60 per cent

50-60 per cent

Group
Average
PROFITABILITY

Number of banks........

Highest
Quartile

Group
Average

Highest
Quartile

Group
Average

Highest
Quartile

6

3

22

6

27

7

Percentage of Equity Capital Including All Reserves

12.90
12.81

12.94
12.99

11.02
10.65

13.14
13.00

11.02
11.08

13.28
13.43

36.13

29.17

39.53

40.63

35.52

35.62

6.01
1.49
1.61
.23
.99
4.32
1.18
1.17

5.37
1.17
1.48
.21
.85
3.72
1.37
1.37

5.96
1.42
1.94
.28
.92
4.58
.99
.95

6.13
1.43
1.86
.23
.79
4.32
1.26
1.25

6.02
1.31
2.43
.22
.94
4.91
.86
.86

5.95
1.18
2.36
.19
.83
4.57
1.07
1.08

9.11
.71
12.82
.38
63.21
13.75
100.00
6.14
5.99
20.77
3.94
26.73
1.00
3.98
1.28
14.29
72.02

8.86
.93
20.82
.28
59.05
10.05
100.00
7.13

9.18
1.54
11.44
.45
65.96
11.40
100.00
5.72
3.66
20.52
3.39
32.82
.80
4.89
1.07
13.45
76.97

8.72
1.88
13.11
.70
62.75
12.81
100.00
5.50
5.88
19.75
3.60
30.51
.56
3.90
.99
11.20
70.54

7.67
1.99
10.95
.43
70.48
8 .44

27.97
20.42
+
.05
.13
20.34

30.82
25.88
+
.09
25.98

23.02
16.81
.68
.01
16.11

29.45
20.69
.13
.04
20.50

100.00
4.45
1.50
18.80
2.94
40.79
.63
3.7 6
1.29
13.33
81.57
1.24
18.42
14.48
.13
+
.15
14.50

8 .1 6
.64
14.18
.80
67.84
8 .3 6
100.00
4 .4 0
1.67
16.72
3.02
3 9.97
1.04
3.26
.79
11.73
76.56

5 04
3 .5 6
3 .7 4
11 16

4.82
3.15
4.29
5.54

5.11
5.09
3.73
7.31

5 00
6.12
3.74
8 97

4 77
5.26
3 .74
6 10

Percentage of Net Income

SOURCES AND DISPOSITION OF INCOME
Percentage of Total Assets

Percentage of Total Operating Income

13. In terest on secu rities o f U ,S . G o v t, agen cies & c o rp o ra tio n s.........

17. A ll oth er op era tin g in co m e0...........................................................................

_

18.24
3.84
27.48
1.56
4.02
.47
13.55
69.18

_

_

_

_

_

23.43
18.30

j

+

.20
18.51

RATES OF RETURN ON SECURITIES AND LOANS
Return on Securities/

36. In terest on secu rities o f U . S. G o v t, ag en cies & co rp o ra tio n s. . . .
37. In terest on o b lig a tio n s of S ta te s an d p o litica l su b d iv isio n s ..........

2 .9 5
3.82
8 09

Return on Loans £

-

7.38
.16

-

7.19
.09

7.57
-

.11

8 28
-

.11

-

7 51
.14

-

7 91
.07

DISTRIBUTION OF ASSETS
Percentage of Total Assets

10.48
.92
16.72
.23
50.94
18.31
1.01

9.23
1.37
25.28
.27
45.92
15.76
1.11

10 72
1 46
18 13
.39
54.71
11.87
1.40

21.63
.13
36.87
24.85
16.50

28.05
.26
17.47
33.97
20.24

39.99
.57
22 05
29 19
8.18

9.84
35 99
5.27
24.20
7.16

10 66
35 86
5.05
14 25
6.59

$96,059
$10,334

$86,059
$11,224

1.91
21.33
47
52.71
11.06
1.18

1.44
17.30

9.76
.72
22.11

33

33

58 12
10.49
1.45

53.17
11.99
.98

34 93
4.25

40 04
1 11
19 12
32 80
6.91

32 81
1 56
23 43
33.54
8.64

9 13
54 88
4.10
18.35
7.09

4.09
26 50
7.09

8 20
65 62
4.2 3
7 92
7.16

8.33
62.76
4.34
18.14
7.26

$107,058
$ 11,216

$120,347
$ 13,459

$87,637

$ 7,874

$108,702
$ 10,382

DISTRIBUTION OF LOANS
Percentage of Gross Loans

b
36 84
31

OTHER RATIOS

55. In terest on tim e a nd sa v in g s d ep o sits to to ta l tim e d e p o sits. . . .
57. In terest a nd fees on lo a n s ex clu d in g Federal fu n d s ..........................
DOLLAR AMOUNTS IN THOUSANDS

Notes are on page 10.




100.00

M em ber B an k s w ith D ep osits o f $ 1 5 0 M illion and O ver
Time deposits to total deposits
Under 50 per cent

50-60 per cent

Over 60 per cent

YOUR
B A NK

Group
Average
PROFITABILITY

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

Highest
Quartile

Group
Average

Highest
Quartile

Group
Average

Highest
Quartile

22

6

18

5

6

3

Percentage of Equity Capital Including All Reserves

1.

Incom e after ta x es and before securities ga in s (lo sses)0 .................

12.36
12.09

12.42
12.39

11.58
11.29

11.99
12 76

11 86
11 35

11.39
11 46

36.40

33.18

42.35

45.58

37.82

42.08

6 07
1 49
1 51
26
1 21
4.49
1.04
1.02

5.99
1.29
1.40
.23
1.00
3.94
1.34
1.33

6.04
1.40
2.00
.27
1.15
4.83
.90
.88

5 98
1.39
1.89
.29
.92
4 .5 0
1.06
1.15

5 92
1.30
2.37
.21
.89
4.77
.85
.82

5.87
1.22
2 .4 3
. 19
.87
4.72
.88
.89

6.74
.73
9.79
.30
71.41

7.41
.27
12.57
.42
70.41
8.90

8.79
.95
10.74
.58
69.61
9.29

11.90
.11
11.04
1.03
66.89
9.00

8.44
.37
10.41
.89
71.34
8.52

10.32
.07
11.45
.24
70.12
7.78

100.00
3.31
2.72
18.02
3.63
23.62
3.80
4.02
1.89
10.61
65.62

100.00
4.43
2.31
19.80
3.50
31.69
1.03
4.92
.65
13.51
75.12

100.00
4.03
2.91
18.76
3.06
40.21
1.06
3.65
1.23
12.47
80.46

100.00
4.71
1.14
18.15
2.63
41.40
.72
3.39
1.24
12.83
80.38

24.87
18.08
+ 1.65
19.73

19.53
14.67
.59
+ .02
14.10

19.61
15.32
+ .06
+ .04
15.43

5.60
1.51
3.64
6.52

5.28
8.69
3.56
7.87

5.53
12.90
3.57
6.75

Percentage of Net Income

SOURCES AND DISPOSITION OF INCOME
Percentage of Total Assets

10. Incom e a fter ta x es a nd before secu rities gains (losses)®.................
11. N e t in c o m e ............................................................................................................
Percentage of Total Operating Income

12. In terest on U . S. T reasury se c u r itie s .......................................................
13. In terest on securities of U . S. G o v t, a gencies & co rp o ra tio n s.........
15.
16.
17.
18.
19.
20.
21.
22.
23.
24.
25.
26.
27.
28.
29.
30.
31.
32.
33.
34.

In terest and d iv id en d s on all o th er s e c u r itie s.....................................
In terest and fees on lo a n s6 .....................................
A ll o th er op era tin g in com e0...........................................................................
T o ta l o p era tin g in c o m e ..............................................................................
Service charges on deposit accounts'^ (part of item 17) ........................
Trust department income4 (part of item 17) ............................................
Salaries and w a g e s .............................................................
Officer and em p lo y ee b e n e fits....................................................................
In terest on d e p o s its ................................................................
Interest on borrow ed m o n e y .........................................................................
N e t o ccu p an cy expense of ban k p rem ises..............................................
P rovision for loan losses ( n e t ) ...................................................................
A ll oth er operating e x p e n se s..............................................
T o ta l operating e x p e n se s................................................
Interest on capital notes and debentures'i (part of item 2 7 ) ...............
Incom e before ta x es and secu rities g a in s (lo s s e s )..............................
Incom e after ta x e s a nd before secu rities g a in s (lo sses)0.................
N e t secu rities gains ( + ) or lo sses ( —) a fter ta x e ffe c t...................
A ll oth er a d d ition s and subtraction s ( n e t ) '..............................
N e t in c o m e ........................................................................

11.00
100.00
4 .3 6
3.46
20.94
3.61
25.00
4.29
4.48
1.69
13.84
73.87
1.81
26.12
17.43
.57
+ .20
17.06

34.37
22.78
.07
+ .05
22.75

100.00
4.52
2.22
19.63
3.65
33.24
3.47
4.57
1.36
13.92
79.87
1.15
20.12
15.12
.20
.02
14.88

4.84
3 .8 5
5 86

4 76
4.73
4.11
6 45

5 60
4 .14
3 .77
6 12

__

_

—

RATES OF RETURN ON SECURITIES AND LOANS
Return on Securities/

35.
36.
37.
38.

In terest
In terest
In terest
In terest

on U . S. T reasurv se c u r itie s............................
on secu rities o f U . S. G o v t, a g en cies & co rp o ra tion s. . . .
on o b lig a tio n s o f S ta te s and p olitical s u b d iv isio n s ..........
and divid en d s on all oth er s ec u r ities.............

Return on Loans#

39. In terest and fees on lo a n s ....................................................
40. N e t lo sses ( —) or recoveries ( + ) on lo a n s .....................

7.80
.17

-

-

7.97
.19

-

.13

-

.05

-

7 14
.09

-

7.29
.14

DISTRIBUTION OF ASSETS
Percentage of Total Assets

41.
42.
43.
44.
45
46.
47.

U . S. T reasury s e c u r itie s '.........................................................
Secu rities o f oth er U . S. G o v t, a g en cies & c o rp o ra tio n s'...............
O b ligation s o f S ta te s and p olitical s u b d iv isio n s'................................
A ll oth er s e c u r itie s '..........................................................................
G ross lo a n s6............................................................................
C ash a s s e t s ......................................................................................
R eal e sta te a s s e t s ...............................................................

11 13
.05
18.75
20
56 94
10.82
1.15

9.78
23
17 29
38
54.76
15 11
1.06

9.79
89
16 98
48
57.54
11 38
1.50

12.57
08
17 80
59
55 51
11 20
1.16

14.77

24
47 99
22 93
9.38

39
24 62
27 57
9.93

38 50
29
20 95
31 17
9.06

11 06
40 04
4.51
27.92
7.49

11.04
35.36
4.84
32.09
7.57

8 48
55 74
4 .26
10 93
7.27

9 14
55 85
3.91
23 04
7.10

4.19
19 55
7.00

7.84
63.65
4.27
18.55
7.15

$480,687
$ 47,036

$415,581
$ 52,666

$424,462
$ 40,217

$254,464
$ 25,474

$254,306
$ 21,690

$289,402
$ 25,444

8.06
69
14 99
57.89
14 96
1.50

.35
17 14
76
10 01
1.38

DISTRIBUTION OF LOANS
Percentage of Gross Loans*7

48
49
50

Real e sta te lo a n s .........................................................................................
L oans to fa rm ers.........................................................................................
C om m ercial and industrial lo a n s ........................................................

23.66
38 42

92
19 10
6.67

1 61
21 33
30.43
6.65

OTHER RATIOS

S3
54
55.
56
57

T o ta l capital a cco u n ts and reserves to total a ssets* ...........................
T im e and savin gs d ep osits to to ta l d e p o sits.................................
In terest on tim e and savin gs d ep o sits to total tim e d ep o sits. . . .
Incom e taxes to net incom e plus incom e ta x e s ...................................
In terest and fees on loans ex cludin g Federal fu n d s.........................

7 60

DOLLAR AMOUNTS IN THOUSANDS

59

A verage e q u itv ca p ita l inclu ding all r ese rv e s......................................

Notes are on page 10.




9

100.00




N O T E S TO T A B L E S
a Excludes m inority interest in operating income, if any.
b Loans include Federal funds sold and securities pur­
chased under agreements to resell.
c Includes net income on trading account securities.
d Averages exclude banks not reporting these items, or
reporting negligible amounts. Ratios are not shown when
fewer than three banks comprise the group.
e Net of tax effect. Includes m inority interest in operat­
ing income, if any.
f Excludes trading account securities.
s Denominator is average of total loans for the 15 cal­
endar days ending with each call date. Loans include Fed­
eral funds sold and securities purchased under agreements
to resell.
h Total capital accounts include capital notes and deben­
tures, and all valuation reserves.
* Less than .01 per cent.
Excludes two member banks whose ratios would have
distorted the averages.
Banks headquartered in M anhattan with deposits over
$1 billion.

Ex p la n atory Remarks

All ratios are expressed in percentages and are arithmetic
averages of the ratios of individual banks in each category,
rather than ratios based on aggregate dollar figures. Ratios
may not add to totals because of rounding. Condition report
figures used are averages of amounts reported for June 30,
1969 and December 31, 1969.
The column headed “Highest Quartile"’ indicates average
ratios for those banks in the top 25 per cent (rounded up)
when ranked by the ratio of net income to total assets (ratio
11). To m aintain confidentiality, the quartile consists of at
least three banks.

10

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