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ANNUAL REPORT OF THE Comptroller of the Currency DECEMBER 11, 1925 WASHINGTON GOVERNMENT PRINTING OFFICE 1926 TREASURY DEPARTMENT Document No. 2965 Comptroller of the Currency TABLE OF CONTENTS Page Submission of the reports._-„ „.... _.«.. 1 General conditions .-_ . . 1 Legislation recommended ._ .-... _ 1 National bank failures . 5 Bank failures other than national8 Public debt, United States bonds, national bank, and other circulation June 30, 1925 8 United States circulation bond transactions year ended October 31,1925. 9 Redemption of national and Federal reserve bank circulation June 30t 1925_ . ... ... .. 11 National banks of issue April 6, 1925 . « 12 Profit on national bank circulation 12 Organization and liquidation of national banks year ended October 31, 1925, and since establishment of the system— 13 Domestic branches of national banks, list of 14 National banks, with number of additional local offices and dates of approval of their establishment, October 31, 1925..-16 Condition of national banks at date of each report called for during year ended October 31, 1925 . . ..... . 19 Condition of national banks September 28, 1925: Comparison of principal items of resources and liabilities of 20 Principal items of resources and liabilities of, by States 22 National bank liabilities on account of bills payable and rediscounts since December 31, 1924 . 24 Loans and discounts of national banks June 30, 1925: Statement relative to -..„ 25 Classification of, for the last three fiscal years „ . 25 Classification of, by reserve cities and States 26 Comparative statement of, for the last three fiscal years, banks in central reserve and other reserve cities, all reserve cities and elsewhere..™ 32 Comparative changes in demand and time deposits, loans and discounts, United States Government and other bonds and securities7 and the amount of lawful reserve of national banks since June 30, 1921 32 United States Government securities held by national banks in reserve cities and States June 30, 1925: Classification of, by reserve cities and States „ 33, 34 Investments of national banks: Comparison of, years ended June 30, 1924-25 36 United States Government, domestic, and foreign bonds, securities, etc., owned by national banks June 30, 1925: Classification of, by reserve cities and States . 37 Savings depositors and deposits in national banks June 30, 1925: Statement showing, by reserve cities and States, number of banks reporting savings deposits, number of banks maintaining separate savings departments, number of sayings depositors, amount of savings deposits, and average rate of interest paid . 42 Per capita individual and savings deposits in all reporting banks June 30, 1925: Statement showing, by States, approximate population, individual deposits, per capita individual deposits, savings deposits, and per capita savings deposits „ » ._-_ 44, 45 Earnings, expenses, and dividends of national banks, year ended June 30, 1925: Statement relative to 46 Comparison of, years ended June 30, 1924-25 . . 47 Abstract of, by reserve cities and States, June 30, 1925 48 Abstract of, by Federal reserve districts, June 30, 1925 56 in TV CONTENTS Page. National bank investments in United States Government and other bonds and securities, etc., loans and discounts and losses charged off on account of bonds and securities and loans and discounts, years ended June 30, 1918 to 1925 58 Number of national banks, capital, surplus, dividends, net addition to profits, and percentage ratios, years ended June 30, 1914 to 1925 58 National banks classified according to capital stock June 30, 1925: Statement relative to and classification of 58 National bank examiners, list of October 31, 1925 59 Convictions of national bank officers and others for violations of the national banking laws during the year ended October 31, 1925, list of__ 65, 66 Federal reserve system: Statement relative to, year ended October 28, 1925 69 Resources and liabilities of, at end of each month, November, 1916 to 1920, and October, 1921 to 1925 70 Principal assets and liabilities of Federal reserve banks at the close of each month from January 28, 1921, to October 28, 1925 71 Percentage of bills discounted secured by United States Government obligations to total bills discounted and purchased by Federal reserve banks at the end of each month, year ended October 31, 1925 72 Federal reserve bank discount rates in effect October 31, 1925 72 Discount rates prevailing in Federal reserve bank and branch cities, weeks ended October 1.5, 1924, and September and October 15, 1925 73 Rates for money in New York: Range of, monthly in the year ended October 31, 1925__ 74, 75 Comparison of range of, annually from January, 1916, to October 31, 1925 76 New York clearing house: Transactions of, year ended September 30, 1925 77 Clearing-house associations in the 12 Federal reserve bank cities, and elsewhere year ended September 30, 1925 77 Banks, other than national, June 30, 1925: State (commercial) banks, statement and summary relative to 77 Loan and trust companies, statement and summary relative to 79 Principal items, of resources and liabilities of loan and trust companies in June of each year, 1914 to 1925 81 Stock savings banks, statement and summary relative to 81 Mutual savings banks, statement and summary relative to 83 Depositors and deposits in mutual and stock savings banks, by States, June 30, 1924 and 1925 85-87 Number of sayings banks (mutual and stock), number of depositors, amount of individual deposits, and average amount due each depositor in years ended June 30, 1914 to 1925 88 Private banks, statement and summary relative to 88 All reporting banks other than national, statement and summary relative to 90 Resources and liabilities of each class of 92 Principal items of resources and liabilities of, on or about June 30, 1920 to 1925 , 92 Resources and liabilities of all reporting banks, June 30, 1925: Statement relative to, and abstract by States 93, 94 Condensed statement of 104 Individual deposits in, classification of 105 Years ended June 30, 1920 to 1925 106 Assets and liabilities of, including Federal reserve banks 106 Cash, classification of, held by_ 107 Money in the United States: Stock of, June 30, 1925, statement relative to 108 Stock of, years ended June 30, 1914 to 1925 108 United States circulation statement, July 1, 1925 109 Imports and exports of merchandise, gold and silver, calendar years 1914 to 1924, and from January 1 to September 30, 1925 110 Banking power of the United States, June 30, 1925: Classification of 110, 111 CONTENTS Banks in the District of Columbia: Number, capital, individual deposits, and aggregate resources of, June 30, 1925 „ 111 Earnings, expenses, and dividends of banks other than national in, statement relative to and comparison of, in years ended June 30, 1924-25 . 112,113 Building and loan associations in the District of Columbia: Statement relative to, in the year ended June 30, 1925- „ 113 Number of, loans, installments on shares, and aggregate resources, years ended June 30, 1909 to 1925 114 Building and loan associations in the United States: Statistics relating to, in. the year 1924-25 114,115 Monetary stocks in the principal countries of the world: Statistics relating to, at the end of the calendar year 1924 115 Federal land banks, condition of, September 30, 1925 120 Joint-stock land banks, condition of, September 30, 1925 121 Federal intermediate credit banks, condition of, September 30, 1925 122 National agricultural credit corporations: Provisions of the law authorizing incorporation of 123 Report of first association organized 127 United States postal savings system: Statistics relating to activities of, years ended June 30, 1924-25 127 School savings banks: Statistics relative to, in each State, in the school year 1924-25__ 132 Savings banks in principal countries of the world: Statistics relative to, as of various dates 133 Resources of leading foreign banks of issue: Statement relative to, on or about June 30, 1925 136 Expenses of the Currency Bureau: Summary of, in the fiscal year ended June 30, 1925 137 APPENDIX Digest of decisions relating to national banks . *_^ 141 TABLES No. 1. Comptrollers and Deputy Comptrollers of the Currency No. 2. Names and compensation of officers and clerks in the office of the Comptroller of the Currency, October 31, 1925 No. 3. Number of national banks organized since February 25, 1863; number passed out of the system, and number in operation October 31, 1925 1 No. 4. Authorized capital stock of national banks on the 1st day of each month from January 1, 1914, to November 1, 1925, bonds on deposit to secure circulation, circulation secured by bonds, lawful money on deposit to redeem circulation, and national-bank notes outstanding : : No. 5. National banks reported in liquidation from November 1? 1924, to October 31, 1925, names (where known) of succeeding banks in cases of succession, with date of liquidation and capital No. 6. Capital stock, surplus, undivided profits, and aggregate resources of national banks consolidated under act of November 7, 1918, for year ended October 31, 1925, as shown by their last reports of condition prior to consolidation No. 7. National banks consolidated under act of November 7, 1918, their capital, surplus, undivided profits, and aggregate assets, year ended October 31, 1925 . No. 8. Number and capital of State.banks converted into national banking associations in each State and Territory, from 1863 to October 31, 1925 No. 9. Conversions of State banks and primary organizations as national banks since March 14, 1900, to October 31, 1925 No. 10. Number of national banks increasing their capital, together with with the amount of increase monthly, for years ended October 31, since 1921 _" No. 11. Number and authorized capital of national banks chartered and the number and capital stock of banks closed in each, year ended October 31, since 1913, with the yearly increase or decrease No. 12. Number of national banks organized, consolidated under act of November 7, 1918, insolvent, in voluntary liquidation, and in operation on October 31, 1925 No. 13. Changes of corporate title of national banks, year ended October 31,1925 No. 14. Changes of title incident to consolidations of national banks, year ended October 31, 1925 No. 15. National banks chartered during the year ended October 31, 1925_ No. 16. National banks, by States and geographical divisions, organized, failed, and reported in voluntary liquidation during the year ended October 31, 1925 No. 17. Number and classification of national banks chartered monthly during the year ended October 31, 1925 No. 18. Classification of national banks, by reserve cities and States, according to capital stock, June 30, 1925 No. 19. United States bonds on deposit to secure circulating notes of national banks in years ended October 31, from 1900 to 1925-_ No. 20. Profit on national-bank circulation, based upon deposit of $100,000 United States consols of 1930, etc., for each month during the year ended October 31, 1925 No. 21. Investment value of United States bonds and Panama Canal bonds, 4's of 1925 and 2's of 1930 No. 22. United States bonds, monthly range of prices in New York, November, 1924, to October, 1925_ VI 183 183 185 186 188 192 193 193 194 194 194 195 196 197 197 202 203 204 214 215 216 216 APPENDIX VII Page No. 23. Number, capital stock, and circulating notes outstanding of national banks in each State issuing circulation, and number and capital stock of banks not issuing circulation, December 31, 1924, and April 6, 1925 No. 24. Number, capital stock, and circulating notes outstanding of national banks in each Federal reserve district, issuing circulation and number and capital stock of banks not issuing circulation, December 31, 1924, and April 6, 1925 No, 25. National-bank notes issued, redeemed, and outstanding, by denominations, and amounts, on October 31, in each year from . 1914 to 1925, inclusive No. 26. National-bank currency issued to banks monthly, from November 1, 1924, to October 31, 1925, and since 1863 No. 27. National-bank notes received monthly for redemption by the Comptroller of the Currency, during year ended October 31, 1925" No. 28. National-bank notes received at Currency Bureau and destroyed yearly since establishment of the system No. 29. National-bank notes issued and destroyed, etc., account of active, insolvent, and liquidated banks, years ended October 31, 1914 to 1925 No. 30. Amount, denomination, and cost of national-bank currency received from Bureau of Engraving and Printing, year ended October 31, 1925 No. 31. Vault account of currency received and issued by Currency Bureau during the year, and the amount on hand October 31, 1925_ No. 32. Vault account of currency received and destroyed during year ended October 31, 1925 No. 33. Amount of currency received for redemption, by months, during the year ended June 30, 1925, and counted into the cash of the National Bank Redemption Agency No. 34. Amount of currency received by National Bank Redemption Agency for redemption during year ended June 30, 1925, from principal cities and other sources No. 35. Classification of national and Federal reserve currency redemptions, the amount of each class redeemed, the rate per $1,000, and the amount assessed on account of expenses, year ended June 30, 1925 ' No. 36. Cost of redemption of Federal reserve and national currency for year ended June 30, 1925 No 37. Taxes assessed on national-bank circulation, years ended June 30, 1864, to 1925; cost of redemption 1874 to 1925; cost of plates and examiners' fees, 1883 to 1925 No. 38. Federal reserve notes outstanding according to weekly statement (amount issued by Federal reserve agents to the banks, less "unfit" notes returned for redemption), amount secured by gold, and amount secured by commercial and other eligible paper, from Movember 5, 1924, to October 28, 1925 No. 39. Federal reserve notes printed, issued to banks, retired, and destroyed since organization of the banks, with the balance in vaults and amount outstanding October 31, 1925 No, 40 Aggregate amount of Federal reserve bank notes printed, issued, canceled, and redeemed, by denominations, since the inauguration of the Federal reserve system, and amount on hand and outstanding October 31, 1925 No. 41. Taxes assessed on Federal reserve bank currency, cost of redemption, and cost of plates for years ended June 30, 1915, to 1925 No. 42. National banks in charge of receivers year ended October 31, 1925, capital and surplus at date of organization and at date of failure, causes of failure, dividends paid while solvent, and circulation outstanding, etc No. 43. National banks in charge of receivers year ended October 31, 1925, dates of organization, appointment of receiver and closing, with amounts of nominal and additional assets, amounts collected from all sources, loans paid, and losses on assets, etc _ 213 220 222 223 223 224 224 225 225 225 225 226 226 226 227 228 229 230 230 231 240 VIII APPENDIX No. 44. National banks restored to solvency after having been placed in charge of receivers No. 45. Dividends paid to creditors of insolvent national banks during the last year, with the total dividends in each case, up to November 1, 1925 No. 46. Dates of reports of condition of national banks from 1914 to 1925No. 47. Condition of foreign branches of National City Bank and Chase National Bank, New York, N. Y., and First National Bank, Boston, Mass., June 30, 1925 No. 48. Number, capital stock paid in, circulation outstanding, and aggregate assets of national banks at date of each report from January 13,1914, to September 28,1925, money in the United States, etc No. 49. Abstract of resources and liabilities of national banks in New York, in the two central reserve cities, in other reserve cities, elsewhere, and the aggregate, at close of business September 28, 1925 No. 50. Classification of loans by national banks in central reserve cities, etc., at date of midsummer report, June 30, 1920, to June 30, 1925 No. 51. Classification of deposits of national banks in reserve cities and States, at date of each report during year ended September 28, 1925 No. 52. Cash in vaults of national banks in reserve cities and States, at date of each report during year ended September 28, 1925 No. 53. Circulation of national banks in reserve cities and States, at date of each report during year ended September 28, 1925 No. 54. Gold, silver, coin certificates, legal tenders, and other currency held by national banks at date of each report from January 13, 1914, to September 28, 1925 No. 55. Specie held by national banks in the city of New York at date of each report from January 13, 1914, to September 28, 1925 No. 56. Reserve held by national banks at date of each report from September 11, 1917, to September 28, 1925 No. 57. Reserve computation of national banks in reserve cities and States at date of each report during year ended September 28, 1925 1 No. 58. Aggregate resources and liabilities of national banks at date of each report from January 13, 1914, to September 28, 1925 No. 59. Abstract of reports of condition of national banks in reserve cities and States at date of each report during year ended September28, 1925 No. 60. Abstract of reports of condition of national banks in each Federal reserve district at date of each report during year ended September 28,1925 No. 61. Classification of loans, investments, and deposits of national banks in June of each year, 1914 to 1925, inclusive No. 62. Principal items of resources and liabilities of national banks arranged alphabetically by counties in each State, April 6, 1925 No. 63. Principal items of resources and liabilities of national banks arranged alphabetically by counties in each State, by Federal reserve districts, April 6, 1925 No. 64. Abstract of reports of savings and State banks in the District of Columbia at date of each report during year ended September 28, 1925 No. 65. Abstract of reports of loan and trust companies in the District of Columbia at date of each report during year ended September 28, 1925 No. 66. Principal items of resources and liabilities of each savings and State bank in the District of Columbia, September 28, 1925__ No. 67. Principal items of resources and liabilities of each loan and trust company in the District of Columbia, September 28, 1925 No. 68. Principal items of resources and liabilities of loan and trust companies in the District of Columbia on or about October 1, 1914 to 1925 Page 260 261 266 267 271 272 274 277 293 301 305 308 310 311 319 333 449 457 460 520 584 585 586 588 589 APPENDIX IX Page No. 69. Principal items of resources and liabilities of savings and State banks in the District of Columbia on or about October 1, 1914 to 1925 No. 70. Summary of resources and liabilities, receipts and disbursements of building and loan associations in the District of Columbia for the six months' period ended on or about December 31, 1924 . No. 71. Summary of resources and liabilities, receipts and disbursements of building and loan associations in the District of Columbia for the six months' period ended on or about June 30, 1925 No. 72. Abstract, by States, of resources and liabilities of State (commercial) banks, June 30, 1925 No. 73. Abstract, by States, of resources and liabilities of loan and trust companies, June 30, 1925 No. 74. Abstract, by States, of resources and liabilities of stock savings banks, June 30, 1925 No. 75. Abstract, by States, of resources and liabilities of mutual savings banks, June 30, 1925 .---.-.-.No. 76. Abstract, by States, of resources and liabilities of private banks, June 30, 1925 No. 77. Abstract, by States, of resources and liabilities of all reporting banks other than national, June 30, 1925 No. 78. Abstract, by States, of resources and liabilities of national banks, June 30, 1925 No. 79. Aggregate resources and liabilities of State (commercial) banks, June, 1921 to 1925 No. 80. Aggregate resources and liabilities of loan and trust companies, June, 1921 to 1925 No. 81. Aggregate resources and liabilities of stock savings banks, June, 1921, to 1925 No. 82. Aggregate resources and liabilities of mutual savings banks, June, 1921, to 1925 No. 83. Aggregate resources and liabilities of private banks, June, 1921 to 1925 No. 84. Gold, silver, etc., held by banks other than national, June, 1914 to 1925, inclusive No. 85. Chartered banks of Canada, condition of, September 30, 1925 No. 86. Chartered banks of Canada, monthly statement showing principal items of resources a id liabilities, year ended September 30, 1925 No. 87. Comparative statemen; of the transactions of the New York Clearing House in ea( h year ended September 30, 1854 to 1925_ No. 88. Comparative statemen of the clearings, etc., of the New York Clearing House, year i ended September 30, 1925 and 1924 No. 89. Exchanges, balances, percentages of balances to exchanges, and percentages of funds ised in settlement of balances by the New York Clearing House in each year, 1893 to 1925, inclusive No. 90. Comparative statement, of the exchanges of the clearing houses of the United States for years ended September 30, 1925 and 1924 No. 91. Comparative statement of transactions of clearing-house associations in the 12 Federal reserve bank cities and in other cities with transactions of $1,000,000,000 and over in years ended September 30, 1925 and 1924 1 No. 92. Number and liabilities of State, private and national banks, which failed in each State, year ended June 30, 1925 No. 93. Number, assets, and liabilities of State (commercial) savings banks, loan and trust companies, private and national banks which failed in years ended June 30, 1914, to June 30, 1925- __ No. 94. Showing individual statements of resources and liabilities of each national bank (States, Territories, and towns arranged alphabetically) at close of business September 28, 1925, is omitted from this report and published as a separate table. 589 590 591 592 600 608 612 616 620 628 636 636 637 637 638 638 639 639 640 641 641 642 645 646 648 REPORT OF THE COMPTROLLER OF THE CURRENCY TREASURY DEPARTMENT, OFFICE OF THE COMPTROLLER OF THE CURRENCY, Washington, December 11, 1925, I have the honor to submit the following annual report, in accordance with the provision of section 333, of the United States Revised Statutes, covering activities of the Currency Bureau, in the year ended October 31, 1925. This is the sixty-third report made to the Congress since the organization of the bureau. DEAR SIR: GESTEEAL CONDITIONS The continued upward trend of business, generally, is reflected in the increasing volume of clearings, rising to over $505,299,000,000 in the year ended September 30, 1925, about $62,605,000,000 higher than during the prior year. In the same period loans and discounts of national banks increased from $12,210,000,000 to $13,134,000,000, total loans and investments from $17,844,000,000 to $19,105,000,000, and aggregate resources from $23,323,000,000 to $24,570,000,000. From statements relative to State incorporated banks, an even greater development is shown. The gross earnings of national banks in the year ended June 30, 1925, were $1,124,000,000 and exceeded by $49,000,000 gross earnings for the prior year, net earnings, after payment of all expenses, were $365,000,000 compared with $343,000,000 in the preceding year, total losses charged off were $141,000,000, a reduction of $6,000,000 and net addition to profits, after charging off ail losses, amounted to $224,000,000 exceeding by $28,000,000 the amount in 1924. Dividends declared by these banks to the amount of $165,000,000 exceeded the amount in the previous year by $1,000,000 and were equal to 6.63 per cent on their capital and surplus. kECHSLATIQIff RECOMMENDED In the last two annual reports of the Comptroller of the Currency my predecessor strongly recommended certain amendments to the national banking laws, the purpose of which was to improve the operating powers of national banks in several particulars to the end that the national banking system might be able to meet the modern requirements for banking services. These recommendations formed the substance of the bill H. It. 8887, Sixty-eighth Congress, second 1 2 REPORT OF THE COMPTROLLER OF THE CURRENCY session, which passed the House by a large majority but which failed to be reached in the Senate. The principal features of this bill and the reasons in detail why each proposed amendment is necessary are set forth in the reports of the Comptroller of the Currency for 1923 and 1924. I most urgently recommend the prompt reintroduction and enactment of this legislation. The bill as it passed the House contained certain provisions (embodied in sec. 9) which in effect would prohibit the further spread of State-wide branch banking within the Federal reserve system. Under them it would be unlawful for State member banks to establish branches outside of the city in which the parent bank is located, and nonmember banks having such outside branches *could become members only upon the condition that they relinquish such branches. These provisions follow the recommendations made by the Comptroller of the Currency for the past two years. These recommendations were based upon the assumption, in the first place, that Statewide branch banking is wrong in principle and that as a national policy the national banks should not be permitted to engage therein, and in the second place upon the absolute necessity of protecting the national bank members of the Federal reserve system from the encroachment of this form of branch banking within the Federal reserve system itself. With this position I am in complete accord. The national banks in those communities where State member banks of the Federal reserve system are now engaged in state-wide branch banking have found themselves in an intolerable situation. This form of branch banking in the United States is a recent development and has made headway in only a few localities. The enactment of the provision above referred to would have a strong tendency toward restoring the equilibrium between the State and national banks within the Federal reserve system in branch banking territory and would undoubtedly have the further effect of preserving the stability and permanence of the Federal reserve system itself. It is a misnomer to call this bill a branch banking bill. The measure proposes to amend the national banking laws in some 18 particulars, only 4 of which relate in any way to branch banking. The other provisions of the bill, such as the authority to lend one-half of the savings deposits upon the security of first mortgages upon improved real estate, the authority to hold their charter powers for an indeterminate period subject to the will of Congress, the regulation of the investment security business, and other provisions of this measure will enable the national banks to carry on a modern banking business along the lines already approved by many State laws. The amendments proposed in the bill have had a most thorough and expert investigation and analysis and have been reduced to the minimum. They are based upon sound principles of banking. Their enactment into law would enable all national banks to meet more readily the competition from State banks and trust companies which have for a number of years had the authority to do what it is now proposed to confer upon the national banks. This proposed legislation has the approval generally of the banking fraternity. Apart from the question of the restrictions upon branch banking proposed by section 9 of the House bill, which section was stricken out by the Senate Committee on Banking and Currency, that com REPORT OF THE COMPTROLLER OF THE CURRENCY 3 mittee in reporting the bill to the Senate proposed a number of valuable amendments to the House measure. While practically no new substantive legislation was proposed in these amendments, they nevertheless had the effect of giving greater clarity and precision to the provisions of the bill. The Senate committee also restored to the bill a number of proposed provisions which would penalize the commission of crimes against member banks of the Federal reserve system and against national banks in particular. These provisions were included in the bill as reported to the House but were stricken out on the floor. It is recommended that serious consideration be given to the question of including these criminal provisions in the bill. The need for the immediate enactment of this proposed legislation is greater now than ever. Not only has there been a continuance of serious withdrawals, but many national banks have become restive on account of being compelled to operate under certain archaic provisions of the national bank act. They prefer to remain national banks, but in the final analysis the attractiveness of a modern State charter may prove controlling. The number of losses of national banks to the various State systems within the past two years is formidable enough to arouse the serious attention of the Government of the United States. Many of these banks had been in the national system for more than 50 years. From October 21, 1923, to October 17, 1925, 166 national banks left the national system to engage in the banking business under State charter. These carried with them total resources of $566,600,000. They include 25 national banks in California, with total resources of $136,000,000; 9 national banks in Illinois, with total resources of $128,000,000; 6 national banks in New York, with total resources of $121,000,000; 8 national banks in Ohio, with total resources of $54,000,000; 25 national banks in Oklahoma, with total resources of $10,000,000; 13 national banks in Pennsylvania, with total resources of $22,000,000, and a scattered number of banks in all of the other States. In comparison with these figures consideration may properly be given to the question of the conversion of State banks, into national banks during the last two years. The total number of such conversions was 113, with total resources of $245,000,000. The number of national banks entering the State systems being 166, with total resources of $566,600,000, there was a net loss to the national system in numbers of 53 banks and a net loss in resources of $321,600,000. However, of these State banks converting into national banks attention must be called to the fact that 64 of them, with total resources of $38,000,000, were located in the State of Texas. They converted into national banks en masse in order to escape the operations of the State guaranty of deposit laws. This is an abnormal development and should the State law be favorably amended, undoubtedly many of these banks will return to the State system. Outside of Texas, only 49 State banks during the past two years converted into national banks. These had total resources of $207,000,000; 4 of these were banks in New York Citv, with total resources of $131,800,000. Deducting the resources of the 4 New York banks and the Texas banks the aggregate resources of converting State banks in all other parts of the Union were $74,800,000. 4 BEPOET OF THE COMPTROLLER OE THE CURRENCY The above figures, however, do not tell the whole story. I t is a well-known fact that many other national banks are anxiously awaiting the enactment of such a bill as that which failed at the last session of Congress. If they can not at this time obtain some such amendments to their charter powers as are therein proposed there will be a still greater exodus from the national system. Although the total resources of national banks has steadily increased year by year and the condition of individual national banks is strong, nevertheless the relative increase in total resources of national banks has been slowly falling off year by year as compared with the resources of the State banks and trust companies, In the last annual report of this office my predecessor called your attention to the fact that during the 40-year period, ending with the fiscal year 1924, the total resources of national banks had fallen from 75 per cent of the total banking resources to about 47 per cent. The total banking resources of State and national banks, exclusive of savings banks, at the present time are about $52,057,000,000, of which about $24,351,000,000 are in the national banks and $27,706,000,000 are in the State banks and trust companies which are engaged in the commercial banking business in competition with national banks. In addition the savings banks have total resources of about $10,000,000,000, but these figures are not included in this comparison. The percentage, therefore, of the resources of the national banks to the total resources of all banks engaged in carrying on the business of commercial banking has during the past year dropped a fraction below 47 per cent. These facts present a serious situation for the consideration of the Congress and I am directing your attention thereto at this time chiefly for the purpose of showing that the adverse conditions of national bank operations, as to which my predecessor so urgently recommended remedial legislation, are becoming daily accentuated. The national banking system is a time-honored Federal instrumentality. The charter powers of 'the individual national banks are derived solely from the Congress. Twice in the history of the United States, namely, immediately after the Civil War and immediately preceding the World War, the Federal Government was able to enforce a banking policy at a time of great financial stress through its authority to use the national banking system as an instrument for the public benefit. The individual national bank is always ultimately able to take care of itself in meeting the competitive conditions due to more favorable State laws by giving up its national charter and going into the State system. But the gradual loss of national banks and the consequent decrease in relative resources of the national banking system is of primary concern to the National Government, not only because the national banks form the logical and permanent basis of the Federal reserve system but also because only through the national banking system can there be maintained throughout the United States a standardized system of banking subject to the visitorial powers of the Federal Government and subservient at all times to the will of the Congress. REPORT OF THE COMPTROLLER OF THE CURRENCY 5 NATIONAL BANK FAXLTJEES The number of national bank failures during the current year shows a considerable decrease from that of last year. During the comptroller's report year ended October 31, 1925, 98 national banks became insolvent as compared with 138 national banks for the year ended October 31, 1924. The last half of the present report year has shown a decided decrease in the number of failures compared with the first half, the proportion being 35 to 63. Nine of these failed banks have been succeeded by new national bank organizations that purchased their assets and assumed the payment to creditors of part or all of their liabilities, The total amount of assets of the 98 insolvent banks was $47,837,945. Only one of these failed banks had total assets as high as $3,400,000, and only 15 had assets in excess of $1,000,000. The aggregate capitalization $6,420,000, was distributed as follows: Thirty-eight at $25,000 each, 37 at from $25,000 to $50,000, 12 at $100,000, and 11 in excess of $100,000, namely, 3 at $150,000, 6 at $200,000, 1 at $250,000, and 1 at $400,000. It will be observed that a large majority of these failures were small banks and that the total assets of all were materially less than assets of any one of many of the urban national banks. Seventy-one of these insolvent banks were located west of the Mississippi River, 51 of which were in the grain country north of Kansas and 20 in the cattle country of the Southwest. There were 15 failures in the three States of North Carolina, South Carolina, and Georgia. The remaining 12 failures were in various other States. While unfavorable agricultural conditions have contributed in a large measure to the closing of a number of these banks, still it must be borne in mind that the greater number of failures occurred where the territories have had too many banks per capita and where too many bank charters were issued during the boom period of the war and immediately after peace was declared. Not only was there insufficient business for the support of these banks but their organization resulted in hazardous and unwarranted competition. Upon an analysis of the cause of these failures, it appears that 49 were due to economic conditions, crop failures caused by drought, and the fall in market prices for livestock. Thirty-nine were caused by inexperience and mismanagement by officers and directors and only 10 by the defalcation of an officer or employee of a bank. The first two named causes might be consolidated and attributed to strong competitive banking without the proper banking experience and banking ability, for, after all, the fact remains that there are many solvent banks remaining in these territories where the failures have been most prolific and that such banks are in charge of and have been managed by capable and experienced men who, under the strongest pressure of competition, have been able to loan and invest the bank's funds without incurring disastrous losses. Economic conditions in the territories where the largest number of failures have occurred are much improved and the banking industry is rapidly adjusting itself to normal conditions. It is believed that the experience gained by bankers in the past 10 years will be of great value to the banking business of the future and out of it will come better qualified bankers, more conservative management, and greater safety to depositors. 6 BEPORT OF THE COMPTROLLER OP THE CURRENCY In the year ended October 31, 1925, 98 national banks, with aggregate capital of $6,420,000, were placed in charge of receivers. The date each bank was authorized to commence business, date of appointment of the receiver, the capital stock, and the circulation outstanding at date of failure are shown in the appendix of this report. From date of the first failure of a national bank in 1865 to October 31, 1925, the number of banks placed in charge of receivers was 947. Of this number, however, 61 were subsequently restored to solvency and permitted to resume business. The total capital of all insolvent banks at date of failure was $119,300,920, while the book or nominal value of the assets administered by receivers under the supervision of the comptroller aggregated $614,982,469 and the total cash thus far realized from the liquidation of these assets amounted to $282,989,284. In addition to this, there has been realized from assessments levied against shareholders the sum of $31,418,330, making the total cash collections from all sources $314,407,614, which have been disbursed as follows: In dividends to creditors on claims proved, amounting to $327,253,141, the sum of $188, 697, 889 In payment of secured and preferred liabilities 84, 967, 657 In payment of legal expenses incurred in the administration of such receiverships 6, 940, 375 In payment of receivers' salaries and other expenses of receiverships 15, 449, 753 There has been returned to shareholders in cash 4, 141, 830 Leaving a balance with the comptroller and receivers of_~ 14, 210, 110 Assets have been returned to agents for shareholders, to be liquidated for their benefit, having a nominal value of $16,000,653. The book value of the assets of the 318 national banks that are still in charge of receivers amount to $218,927,454. The receivers had realized from these assets at the close of business on October 31, 1925, the sum of $79,649,962 and had collected from the shareholders on account of assessments levied against them to cover deficiencies in assets the further sum of $6,692,124, making the total collected from all sources in the liquidation of active receiverships the sum of $86,342,086, which amount has been distributed as follows: Dividends to creditors (to Sept. 30, 1925) $28, 907, 387 Secured and preferred liabilities paid „ Legal expenses J Receivers' salaries and all other expenses of administration Amount returned to shareholders in cash Leaving a balance with the comptroller and the receivers of 37,607,818 897, 790 4, 368, 981 350, 000 14, 210, 110 Receiverships of 17 national banks were closed during the year, making a total of 629 closed receiverships. Collections from the assets of the 629 national banks, the affairs of which have been finally closed, amounted to $203,339,322, and together with the collections of $24,726,206 from assessments levied against shareholders make a total of $228,065,528, from which on claims aggregating $205,263,410 dividends were paid amounting to $159,790,502. Average rate of dividends paid on claims proved was 77.84 per cent, but including offsets allowed, loans paid, and other disbursements with dividends, creditors received on an average 84.24 per cent. Expenses incident to the administration of these 629 trusts—that is, receivers7 salaries and legal and other expenses—amounted to $17,123,357 or 4.32 per cent of the nominal value of the assets and REPORT OF THE COMPTROLLER OF THE CURRENCY 7.50 per cent of the collections from assets and from shareholders. The outstanding circulation of these banks at the date of failure was $31,133,466, which was secured by United States bonds on deposit in the Treasury of the face value of $33,478,100. The assessments against shareholders averaged 52.03 per cent of their holdings, while the collections from the assessments levied were 48.87 pjer cent of the amount assessed. The total amount disbursed in dividends during the current year to the creditors of insolvent banks was $15,073,057. In the table following is summarized the condition of all insolvent national banks, the closed and active receiverships being shown separately: Items Closed receiverships, 629 i Active receiverships, 318 $396, 055, 015 $218, 927,454 203, 339,322 35,923, 977 140,791,063 16,000,653 79, 649, 962 14,129, 734 13,854,637 Total assets taken charge of by receivers... Disposition of assets: Collected from assets Offsets allowed and settled Loss on assets compounded or sold under order of court. Nominal value of assets returned to stockholders Nominal value of remaining assets. Total. 396,055,015 Collected from assets as above Collected from assessments from shareholders.. Total collections.. Disposition of collections: Secured and preferred liabilities paid Dividends paid Legal expenses _ Receivers' salary and other expenses Amount returned to shareholders in cash. Balance with comptroller and receiver TotalCapital stock at date of failure _ United States bonds held at failure to secure circulating notes Amount realized from sale of United States bonds held to secure circulating notes _ Circulation outstanding at failure_ A mount of assessment upon shareholders Claims proved __. 1 Total, 947 $614, 982, 469 111, 293,121 50,053,711 154,645, 700 16, 000, 653 111, 293.121 218,927,454 614,982,469 203,339, 322 24, 726, 206 79,649,962 6, 692,124 282,989, 284 31,418, 330 228,065, 528 86, 342,086 314,407, 614 47,359,839 159,790, 502 6,042, 585 11,080, 772 3,791,830 37,607,818 28,907,387 897, 790 4, 368, 981 350,000 14, 210,110 84,967, 657 188, 697, 889 6,940,375 15,449, 753 4,141, 830 14,210,110 228,065, 528 86,342,086 314,407,614 2 97, 225,920 22,075,000 119,300,920 33,478,100 13,323,010 46,801,110 35,120,712 31,133,466 50, 591, 240 205,263,410 4,433,467 11,697, 852 19, 320,000 121,989, 731 39,554,179 42,831, 318 69, 911, 240 327,253,141 Includes 61 banks restored to solvency. 2 includes capital stock of 61 banks restored to solvency. Statistics relative to the capital, date of appointment of receiver, and per cent of dividends paid to creditors of 13 insolvent national banks, the affairs of which were closed during the year ended October 31, 1925, appear in the following table: Location Title Mount Vernon National Bank First National Bank Commonwealth National Bank Emmetsburg National Bank First National Bank Farmers National Bank . Fi<*st National Bank Silver City National Bank First National Bank Citizens National Bank National Border Bank First National Bank First National Bank 1 Includes 100 per cent of interest. fi774fi°—2fif 2 Mount Vernon, N . Y . _ . Newman, Calif Reedville, Va Emmetsburg, Iowa . Sidney, Nebr Big Sandy, Mont Coiquitt, Ga Silver City, N. Mex ,„._ Alexandria, 3. Dak C enterville, T e n n . . _ El Paso, Tex Dodge, Nebr Savoy, Mont . - _ Date receiver appointed Apr, Jan. Feb. Mar. May Jan. Aug. May June Oct. Oct. Nov. Jan. Per cent Capital dividendf paid to creditors 19,1911 $200,000 58. 85 31,1920 50,000 49.50 16,1921 25,000 88.67 11,1921 50,000 60.7o 27,1921 50,000 43.25 3,1922 25,000 10. 50 14,1923 50,000 1 109. 30 14,1924 100,000 50. 23,1924 25,000 82. 4f> 28,1924 30,000 92. 49 30,1924 200,000 75. 22,1924 50,000 100. 3,1925 25,000, » 104. 8 REPORT OF THE COMPTROLLER OF THE CURRENCY BANK FAILURES OTHER THAN NATIONAL In the fiscal year ended June 30, 1925, information was received from the banking departments of the several States, with respect to the failure of 440 State and private banks, with liabilities of $118,728,046. These figures show a reduction in the number of failures, as compared with the year ended June 30, 1924, of 337 banks, and a reduction in the amount of liabilites of $104,459,954. Statistics relative to the failure of banks other than national and national banks in each State, in the year ended June 30, 1925, and for years ended June 30, 1914 to 1925, are published in the appendix of this report. PUBLIC DEBT, UNITED STATES BONDS, NATIONAL BANK, AND OTHER CIRCULATION In the table following relating to the public debt of the United States on June 30, 1925, and Government bonds on deposit with the Treasurer of the United States on the same date, it will be observed that the total net public debt was $20,439,234,256.19, all of which with the exception of $228,328,005 is interest bearing. The net debt is shown to be less by $738,811,015 than at the close of the prior fiscal year. By reason of the call for redemption at maturity (February 1 last) of the outstanding 4 per cent loan of 1925 amounting to $118,489,900, bonds eligible as security for national-bank circulation were reduced in amount to $674,625,630, consisting of $599,724,050 consols of 1930 and $74,901,580 Panama Canal 2's. Of these bonds the Treasurer held as security for national-bank circulation $665,061,330, as security for public deposits $495,500, and for postal savings $213,700. This leaves only $8,855,100 bonds of these classes held otherwise than by the Treasurer as security for circulation and deposits. National-bank circulation outstanding at the close of the fiscal year aggregated $733,366,074, of which $660,501,393 was secured by bonds and $72,864,681 secured by lawful money held by the Treasurer of the United States to provide for the redemption of the notes of banks retiring circulation and on account of those in liquidation. The combined paper currency, United States notes, Federal reserve bank and national bank notes amounted to $5,585,944,967, the issues of national bank notes representing approximately 14 per cent, Federal reserve notes 35 per cent, legal tenders 6 per cent, and gold and silver certificates 45 per cent. The aggregate stock of money was $8,221,000,000, hence the paper currency, excluding the coin certificates, was 36.9 per cent of the total circulating medium. The paid-in capital of the national banks in existence at the close of the last fiscal year was roundly $1,376,000,000, and as the amount of bonds eligible as security for circulation had been reduced to some $674,625,000, it is evident that the amount of national bank circulation issuable has been reduced to approximately 50 per cent of the maximum amount authorized by law, the paid-in capital stock being the measure of that maximum. This condition has resulted in the reduction in the percentage of currency-issuing banks from 90 in 1924 to 85 in 1925. 9 BEPOET OF THE COMPTROLLER OF THE CURRENCY Statements hereinbefore referred to relative to the public debt and securities held in trust by the Treasurer of the United States are as follows: Statement of the public debt of the United States, June 80, 1925 DETAILS OF INTEREST-BEARING DEBT Bonds eligible as security for national-bank circulation: 2 per cent consols of 1930 $599, 724, 050. 00 2 per cent Panama Canal loan of . 1916-1936 48, 954? 180. 00 2 per cent Panama Canal loan of 1918-1938-.... .... 25, 947, 400. 00 Other bonds, etc.: 3 per cent Panama Canal loan of 1961 3 per cent conversion bonds of 1946-47 i 2J^j per cent postal-savings bonds (first to twenty-eighth series) First Liberty loan, 1932-1947, 3J^, 4? and 4>i per centSecond Liberty loan, 1927-1942, 4 and m per cent___ Third Liberty loan, 1928, 4M per cent Fourth Liberty loan, 1933-1938, 434 P ^ cent Treasury bonds, 1947-1952, 4 34 per cent Treasury bonds, 1944-1954, 4 per cent__. Treasury notes, 1925-1927 (including adjusted service series) Certificate's of indebtedness. 1925-26 (including adjusted service series) __ Treasury (war) savings securities, series 1921-1923 (including thrift and Treasury savings stamps, unclassified sales, etc.) . . „__ $674, 625, 630. 00 49, 800? 000. 00 28, 894, 500. 00 11, 995. 880. 00 1, 951, 519, 650. 00 3, 104, 558? 750. 00 2, 885, 377, 350. 00 6, 324, 481; 200. 00 763, 948, 300. 00 1, 047, 088, 500. 00 2, 404, 241, 400. 00 578, 685, 000. 00 385, 690, 091. 35 Total interest-bearing debt outstanding Matured debt on which interest has ceased Debt bearing no interest-. _ 20, 210, 906, 251. 35 30, 242, 930. 26 275, 122, 993. 12 Total gross debt Matured interest obligations, etc_ 20, 516, 272, 174. 73 142, 941, 522. 28 Balance held by Treasurer of the United States, etc_ 20, 659, 213, 697. 01 219, 979, 440. 82 Net debt, including matured interest obligations, etc_ 20, 439, 234, 256. 19 United States Government securities held in trust I June SO, 1925 To secure national bank circulation Issues Consols, 1930 Panama 2's „._. Total Other bonds, notes and certificates Total _ Treasurer of the United, States, To secure public deposits To secure postal-savings funds Total held _ $591,157,950 73, 898,380 $433,500 62,000 $170,200, 00 43, 500.00 $591, 761, 650, 00 74,003,880. 00 _ 665,056,330 5,000 495, 500 46, 760, 650 213,700. 00 141,139, 485. 86 665, 765, 530, 00 187,905,135. 8fl 665,061,330 47, 256,150 141,353,185.86 853,670,665.86 TTHITED STATES CI&CULATIO¥—BOND TRANSACTIONS In the year ended October 317 1925, the withdrawal of bonds held by the Treasurer of the United States in trust as security for national bank circulation amounted to $109,401,560, of which $89,820,310 10 REPORT OF THE COMPTROLLER, OF THE CURRENCY were 4 per cent bonds of 1925? which, were called for redemption in February last. The withdrawals by reason of liquidation of banks amounted to $16,222,750, and on account of banks placed in charge of receivers $3,358,500. Bonds held by the Treasurer in trust as security for circulation were augmented to the extent of $35,743,800 on account of deposits made by newly organized banks and by those increasing their circulation, The transactions of the year by months in each account named are shown in the following statement: United States bonds deposited as security for circulation by banks chartered and by those increasing their circulation, together with the amount withdrawn by banks reducing their circulation, and by those closed, during each month, year ended October 31, 1925 Date 1924 November December January.... February March April May June July August September-., October... Total.. 1925 _-. - Bonds deposited by banks chartered and those increasing circulation during the year 1 Bonds withdrawn by banks reducing circulation $1, 952,000 1,714,100 2, 252,900 1, 532, 750 3,112, 500 8,815, 500 1,675, 300 2, 396, 200 2,003, 550 7, 347, 500 1,024, 000 1,912, 500 35, 743, 800 Bonds withdrawn by banks in liquidation $3,171,600 7, 661, 280 6, 535, 500 59, 214, 200 3, 215, 000 1, 977, 250 1, 401, 750 1, 986, 000 1,168, 000 1, 433, 350 1, 251, 500 805, 000 89,820, 310 Bonds withdrawn by banks in insolvency $265,000 75,000 $722,500 2,128,000 157,000 762, 500 6, 305,000 537,750 6,500 387, 750 5, 273, 250 40,000 285,000 31, 250 390,000 470,000 131, 250 243, 250 845, 250 287,000 58,000 16, 222,750 180, 000 3, 358, 50*3 i Includes $2,535,000 deposited by 33 of the 251 banks chartered during the year. Monthly statement of capital stock of national banks, national bank notes, and Federal Reserve Bank notes outstanding, bonds on deposit, etc. Nov. 2, 1925 Authorized capital stock of national banks.. Paid-in capital stock of national banks Oct. 1, 1925 $1,381,978, 215 $1, 381, 983, 215 1, 381,321, 609 1,381,186,036 Increase or decrease since above date Increase of authorized capital stockDecrease of authorized capital stock _ Increase of paid-in capital stock Decrease of paid-in capital stock $1,335,766,215 1,335,105. 913 Increase or decrease since above date $46,212.000 $5,000 135,573 Nov. 2, 1925 National bank notes outstanding secured by United States bonds.._ _. National bank notes outstanding secured by lawful money. _ _ Total national bank notes outstanding Nov. 1, 1924 Oct. 1, 1925 46, 215, 096 Nov. 1, 1924 $735, 602, 435 $662, 538, 483 $661,380, 320 51,264,261 56, 543, 569 38,679,189 713,802,744 717,923, 889 774,281, 624 EEPOBT OF THE COMPTEOLLEB OF THE CUBEENCY n Monthly statement of capital stock of national banks, national bank notes, and Federal Reserve Bank notes outstanding, bonds on deposit, etc.—Continued Increase or decrease since above date Increase secured by United States bonds.. Decrease secured by United States bonds_ Increase secured by lawful money Decrease secured by lawful money Increase or decrease since above date $1,168,163 $73,063,952 12,585,072 5,279,308 Net increase., Net decrease . 4,121,145 Nov. 2, 1925 Federal reserve bank notes outstanding secured by United States bonds _.„ . Federal reserve bank notes outstanding secured by lawful money— „ „ 60,478,880 Oct. 1, 1925 Nov. 1, 1924 $6,582,203 $6,815,523 $9,134,170 6,582,203 6,815,523 9,134,170 Total Federal reserve bank notes outstanding. _. Increase or Increase or decrease since decre:sase since above date above date Increase secured by United States bonds.. Decrease secured by United States bonds_ increase secured by lawful money Decrease secured by lawful money. __ $233,320 Net increase.. Net decrease. 233,320 On deposit On deposit to secure secure Kinds of bonds on deposit Federal re- to national serve bank bank notes notes United States consols of 1930 (2 per cent) United States Panama of 1938 (2 per cent)... United States Panama of 1933 (2 per cent) .... Total-. J$591, 792,150 48,622,660 25, 770,320 I 666,185,130 National-bank notes of each denomination outstanding One dollar _____ Two dollars.—,. Five dollars-_. Ten dollars Twenty dollars Fifty dollars One hundred dollars Five hundred dollars One thousand dollars Fractional parts Less i 1 $2, 551,9 2, 551, 967 Federal reserve bank notes of each denomination outstanding $341,447 162, 894 134,091, 605 298,974,200 232,411,390 25,466, 750 24,987, 500 87, 500 21,000 _ 61,118 $3,313, 612 1,307,876 1,071,935 341,840 515, 440 31,500 Total- 716,605, 404 2,802, 660 6, 582,203 Total. 713, 802, 744 6, 582, 203 Notes redeemed but not assorted by denominations. REDEMPTION OF NATIONAL ADO) FEDEEAL EESEEVE BAHK OIECULATIOjf In the year ended June 30, 1925, national-bank notes, Federal reserve notes, and Federal reserve bank notes aggregating $1,869,091,049 were redeemed at the United States Treasury at an aggregate expense of $608,406. Included in these redemptions were Federal 12 REPORT OF THE COMPTROLLER OF THE CURRENGT reserve notes amounting to $1,312,361,850; Federal reserve bank notes redeemed on retirement account in the amount of $3,420,137; an4 national-bank notes to the amount of $553,309,062, the latter amount including $65,558,260 redeemed on retirement account. The average expense per $1,000 for the redemption of Federal reserve notes was $0.46, for Federal reserve bank notes $1.33, and for national-bank notes $0.83. Statements showing the amount of the various issues of bank currency received monthly for redemption in the year ended June 30, 1925, the source whence received, and the classification of redemptions, with the cost per $1,000 for each class redeemed, are published in the appendix to this report. NATIONAL BANKS OF ISSUE On April 6, 1925, the number of reporting national banks was 8,016, with capital stock of $1,361,444,000, of which number 1,147 banks, with capital of $232,521,000, were not taking advantage of the provision of the national bank act, authorizing the issuance of circulating notes collateraled by deposits of United States bonds. The circulating note liability of 6,869 banks of issue, on the date indicated, amounted to $649,447,000, or an average of $94,548 per bank. On December 31, 1924, the number of national banks was 8,049, with capital of $1,334,836,000, of which number 986 banks, with capital of $189,372,000, were not banks of issue. The liability for circulating notes outstanding of the 7,063 banks of issue on this date amounted to $714,844,000, or an average of $101,210 per bank. The reduction in the amount of national bank circulation outstanding between December 31, 1924, and April 6, 1925, due principally to the calling for redemption by the Secretary of the Treasury of 4 per cent bonds of 1925, in the early part of the current year, was $85,397,000, and the reduction in the number of banks of issue in the period stated was 194. Tables showing the number of national banks, the capital, the amount of circulation outstanding, as well as the number of banks not issuing circulation, with the amount of capital, in each State and Federal Reserve District, are published in the appendix of this report. PBOFIT ON NATIONAL BANK CIRCULATION The reduced profit on national bank circulation is reflected in the relatively high cost and nearing maturity date, 1930, of the 2 per cent consols as shown in the computation of the Government Actuary of the profit on the issuance of circulation secured by the consols. In November, 1924, the cost of $100,000 consols was $103,989, the highest figure of the year. Upon deposit with the department of that amount of bonds a bank is entitled to receive a like amount of circulating notes. As a redemption account of 5 per cent is required the amount of loanable funds on this account would be reduced to $95,000, which loaned at 6 per cent would produce $5,700. Adding to the latter amount $2;000 interest on REPORT OF THE COMPTROLLER OF THE CURRENCY 13 the bonds measures the gross receipts. By deducting from this $7,700, the tax on circulation, expenses of redemption, etc., and the sinking fund to provide for the liquidation of the premium paid for the bonds, the net receipts are shown to be $6,503.10. With the cost of the bonds invested otherwise, and at 6 per cent, the receipts would be $6,239.34, or less by $263.76 than the net receipts from the circulation; hence, there would be a profit on circulation under these conditions of 0.254 per cent. By October, 1925, the bond cost had been reduced to $103,659, and thereby resulting in an increase in the profit on note issues to 0.442 per cent. In the year the cost of 2 per cent Panama Canal bonds dropped from $103,473 to $101, resulting in a calculated increase in the profit on circulation secured by these bonds from 0.699 to 1.001 per cent. Elsewhere in this report will be found the computations of the Actuary showing the profit on national bank circulation based upon the deposit of $100,000 United States consols of 1930, and 2 per cent Panama Canal bonds at the average net price monthly during the year ended October 31, 1925. Incidentally, there also appears a statement showing the monthly range of prices in New York from November, 1924, to October, 1925, inclusive, of bonds eligible as security for national bank circulation, and also the investment values of the consols and Panama Canal bonds based upon the average price net quarterly, January to October. 0BGAinZATI0¥ AHD LIQUIDATION OF HATTOBTAL BA2TKS * From the date of the establishment of the national banking system up to and including October 31, 1925, there have been authorized to begin business 12,841 national banking associations, of which 3,837 were voluntarily closed to discontinue business or amalgamated with other banks, State or national, together with those consolidated with other national banking associations under authority of the act of November 7, 1918. Exclusive of banks which failed but subsequently restored to solvency the loss to the system by banks liquidated through receiverships was 886, the number of these receiverships being a fraction less than 6.9 per cent of the total number of banks organized. As a result of liquidations and failures the number of national banking associations in existence at the close of the current year stood at 8,118. In November, 1914, when the Federal reserve banks began their operations, there were in existence 7,578 national banks with capital of $1,072,500,000. Since that date the net increase in the number of banks was 540 and an increase in capital of $309,500,000. The capital of the banks in existence on October 31, 1925, was roundly $1*382,000,000. In this 11-year period 2,189 banks were chartered with capital of $217,000,000. During this period, however, 1,653 associations were closed voluntarily or otherwise. In the current year applications to organize national banks and to convert State banks into national banking associations were received to the number of 372, with proposed capital stock of $42,092,200. Of the applications pending 247 were approved, 85 rejected and 42 abandoned. National banking associations to the number of 251, with capital of $26,040,000, were authorized to begin business, of which 3 were located in the New England States, 52 in the Eastern, 14 EEPOET OF THE COMPTROLLER, OF THE CURRENCY 115 in the Southern, 32 in the Middle Western, 25 in the Western, and 24 in the Pacific States. The greatest activity as indicated by the number of banks organized was in the following States: New York 17 banks, New Jersey 26, Pennsylvania 8, Texas 94, Missouri 8, and California 19. In other States the number ranged from 1 to 7 banks. It further appears that of the total number of charters issued 86 were the result of conversions of State banks, 25 reorganizations of State or national banks, and 140 primary organizations. In this connection it is of interest to note that the organization of 19 banks was incident to the reorganization of liquidated national banking associations; 9 to succeed failed national banks, acquiring incidentally their assets and assuming the liabilities to depositors and other creditors, and 8 organized in localities where failures had occurred, to enable the communities to have necessary banking facilities, In the year in question 30 national banking associations were consolidated into 15 under authority of the act of November 7, 1918, the capital of the consolidated banks being $33,810,000. In some instances there were reductions in capital and in others increases, but the net result by reason of consolidations was an iricrease in capital stock of $990,000. The voluntary liquidation of 123 associations represented a capital of $14,467,500, while the capital of the 98 insolvent banks was $6,420,000. The net result of the changes hereinbefore mentioned was an increase for the year in the number of active banks by 20, and in capital stock of $46,212,000, It appears that during tho year 203 banks increased their capital in the aggregate sum of $43,410,000. Of this number 85 banks effected the increase by stock dividends, the amount of the increase in this manner being $7,680,300. DOMESTIC BRANCHES OF FATX0¥AL BAHKS Under authority of section 5155 of the Revised Statutes of the United States the following national banks, formerly State banks, continue to operate the branches indicated: California: Bank of California, National Association, San Francisco; capital, $3,500,000. Branch at Portland, Oreg.; capital, $300,000. Branch at Seattle, Wash.; capital, $200,000. Branch at Tacoma, Wash.; capital, $200,000. Louisiana: Calcasieu National Bank of Southwestern Louisiana, Lake Charles; capital^ $1,000,000. Branch at De Quincy; capital, $40,000. Branch at Jennings; capital, $120,000. Branch at Kinder; capital, $30,000. Branch at Lake Arthur; capital, $40,000. Branch at Oakdale; capital, $120,000. Branch at Sulphur; capital, $40,000. Branch at Vinton; capital, $50,000. Branch at Welsh; capital, $60,000. Massachusetts: Federal National Bank of Boston; capital, $1,500,000. Four1 branches in Boston, with capital-of $50,000 assigned to each, Safe Deposit National Bank of New Bedford; capital, $500,000. Branch in New Bedford; capital, $50,000. 1 One of which was acquired by consolidation under act Nov. 7,1918. REPORT OF THE COMPTROLLER OF THE CURRENCY 15 Michigan: City National Bank of Battle Creek; capital, $500,000. Branch in Battle Creek; capital, $25,000. National Union Bank of Jackson; capital, $400,000. Branch in Jackson; capital, $100,000. Mississippi: Pascagoula National Bank of Moss Point; capital, $75,000. Branch in Pascagoula; capital, $25,000. New York: Chatham Phoenix National Bank & Trust Co., New York; capital, $13,500,000. Thirteen branches in the city of New York, with capital of $100,000 assigned to each. Public National Bank of New York; capital, $4,000,000. Five branches in the city of New York, with capital of $100,000 assigned to each. Seaboard National Bank of the city of New York; capital, $5,000,000. Two branches in the city of New York, with capital of $100,000 assigned to each. North Carolina: American Exchange National Bank of Greensboro; capital, $750,000. Branch in Greensboro; capital, $150,000. Farmers National Bank & Trust Co. of Winston-Salem; capital, $300,000. Branch in Winston-Salem; capita,!, $50,000. Oregon: First National Bank of Milton; capital, $50,000. Branch at Freewater; capital, $10,000. Washington: Dexter Horton National Bank of Seattle; capital, $2,200,000. Two branches in Seattle, with capital of $50,000 assigned to one and $200,000 assigned to the other. Wisconsin: American National Bank of Milwaukee; capital, $1,000,000. Two branches in the city of Milwaukee, with capital of $50,000 assigned to each. Under the consolidation act of November 7, 1918, converted State banks having branches were consolidated with the following banks and the branches continued: California: The First National Bank of Lemoore; capital, $150,000, Branch at Stratford; capital, $25,000. District of Columbia: The Riggs National Bank of Washington, D. C ; capital, $2,500,000. Four branches in the city of Washington, with capital of $10,000 assigned to each. Georgia: The Fourth National Bank of Atlanta; capital, $1,200,000. Three branches in the city of Atlanta, with capital of $50,000 assigned to each. Branch at Decatur; capital, $25,000. Atlanta & Lowry National Bank, Atlanta; capital, $4,000,000. Two branches in Atlanta, with capital of $50,000 assigned to each. Massachusetts: The Atlantic National Bank of Boston; capital, $5,000,000. Three branches in Boston, with capital of $100,000 assigned to each. The First National Bank of Boston; capital, $20,000,000. Seven branches in Boston, with capital of $50,000 assigned to each. Chapin National Bank of Springfield; capital, $500,000. Two branches in Springfield, with capital of $50,000 assigned to each. Michigan: Grand Rapids National Bank of Grand Rapids; capital, $1,000,000. Nine branches in the city of Grand Rapids, with capital of $10,000 assigned to each. 16 REPORT OF THE COMPTROLLER OF THE CURRENCY New Jersey: Union Trust & Hudson County National Bank, Jersey City; capital, $750,000. Branch in Jersey City; capital, $50,000. Branch at Bayonne; capital, $50,000. New York: National Commercial Bank & Trust Co. of Albany; capital, $1,500,000. Branch in Albany; capital, $100,000. American Exchange-Pacific National Bank, New York; capital, $7,500,000. Six branches in the city of New York, with capital of $100,000 assigned to each. Chase National Bank of New York; capital, $20,000,000. Seven branches in the city of New York, with capital of $100,000 assigned to each. East River National Bank of the city of New York; capital, $2,500,000. Two branches in the city of New York, with capital of $100,000 assigned to each. Mechanics & Metals National Bank, New York; capital, $10,000,000. Twelve branches in the city of New York, to which is assigned $50,000 capital each to eight, and $100,000 each to four of the branches. National City Bank of New York; capital, $50,000,000. Three branches in the city of New York, with capital of $100,000 assigned to each. South Carolina: The Peoples National Bank of Charleston; capital, $1,000,000. Two branches in Charleston, with capital of $200,000 assigned to one and $100,000 assigned to the other. Tennessee: Unaka & City National Bank of Johnson City; capital. $400,000. Branch in Johnson City; capital, $25,000. Virginia: First National Bank of Abingdon; capital, $200,000. Branch in Abingdon; capital-, $25,000. Peolpes National Bank of Leesburg; capital, $100,000. Branch at Upperville; capital, $10,000. Seaboard National Bank of Norfolk; capital, $1,000,000. Branch in Norfolk; capital, $50,000. National hanks, with number of additional local offices and dates of approval of their establishment, October SI, 1925 California: Crockett Fresno Huntington Park Inglewood. Long Beach Los Angeles First National Bank First National Bank in Fresno National Bank _ »» First National Bank California National Bank First National Bank __ _ . _ Do Do NumDate of ber of approval of addi- establishment tional of additional offices offices Title of bank Location »_ _ «. Commercial National Trust & Savings Bank _ Merchants National B a n k . . . . . . . . . . . Do Pacific National Bank Do United States National Bank _ .......... 1 1 2 1 1 1 16 4 8 7 Nov. Dec. May Mar. Nov. July June Oct. Jan. June Dec. Mar. July Oct. Aug. Oct. Mar. June Feb. Jan. Jan. Oct. Mar. July Nov. Aug. 28,1923 19,1923 3,1924 7,1923 8,1923 1,1922 13,1922 31,1923 29,1924 4,1924 18,1924 24,1925 22,1925 20,1925 1,1922 11,1922 15,1924 4,1924 5,1924 3,1925 8,1925 16,1925 1,1924 29,1924 21,1924 3,1925 17 REPORT OF THE COMPTROLLER OF THE CUREEHCY National banks, with number of additional local offices and dates of approval of their establishment, October 81, 1925—Continued Date of approval of establishmen of additional offices California— C ontinued. Alhambra Bakersfield Oakland Pasadena» Sacramento San Diego Santa Cruz District of Columbia: Washington *_. Do. Do Do Georgia: Atlanta . Kentucky: Louisville Do. Do Maine: Portland-_ Maryland: Baltimore. Do DoDo Massachusetts: Adams Boston _ Do Do Do. DoDo . Fitchburg Maiden New Bedford.. Palmer Springfield Wellesley— Michigan: Detroit Do Flint Jackson Ludington Muskegon Saginaw Nebraska: South Omaha_ Do New York: First National Bank _ ._. First National Bank in Bakersfield. Central National Bank _ Pasadena National Bank _ California National Bank United States National Bank First National Bank Second National Bank District National Bank Franklin National Bank Lincoln National Bank Atlanta & Lowry National Bank. Citizens Union National Bank Louisville National Bank National Bank of Kentucky. Chapman National Bank Citizens National Bank Drovers & Mechanics National Bank.. Farmers & Merchants National Bank.. Merchants National Bank First National Bank Atlantic National Bank.. I Citizens National Bank.. Federal National Bank-. First National Bank National Rockland Bank National Shawmut Bank . Safety Fund National Bank_ First National Bank Merchants National Bank... Palmer National Bank Chapin National Bank. Wellesley National Bank First National Bank in Detroit_. National Bank of Commerce.. First National Bank Peoples National Bank First National Bank__ Union National Bank Second National Bank Live Stock National Bank. Packers National Bank Buffalo.. Community-South Side National Bank. Dp Flushing Ithaca New York Manufacturers & Traders National Bank. Flushing National Bank First National Bank Bronx National Bank Do Capitol National Bank.. i Established under authority of the Millspaugh Act, Apr, 26,1922 _. Dec. Apr. Aug. June Sept. Apr. Nov. 18,1924 22,1922 Nov. /May \Aug. Dec. Dec. 18,1922 l',1923 25,1924 30,1922 4,1922 1,1925 2,1922 1,1925 6.1922 9.1923 Sept. 22,1922 Nov. (July ^Aug. [Nov. Dec. 20,1922 20,1922 15,1922 28,1923 18,1922 Nov. 18,192-1 July June fAug. [Feb. Aug. 29,1924 17,1925 18,1922 11.1925 1,1922 Dec. Aug. Jan. Mar. Jan. [Jan. Oct. Uuly 7,1923 23,1922 2, J924 3,3923 18,1924 18,1924 16.1924 June /Dec. \Feb. Jan. Feb. Nov. May Jan. /Nov. \Mar. 28.1925 6,1925 3,1923 28,1925 30,1924 17,1925 28.1924 22.1925 10,1924 18.1922 30.1923 (Jan. 4 Apr. [June July Dec. Nov. Sept. Jan. Jan. 2,1924 7,1924 14,1924. 19,1922 15,1923 22,1922 8,1922 23,1924 13,1923 Dec. 3,1923 Jan. 18,1924 Aug. 18,1922 Jan. 18.1923 •i M a r . 2,1925 Mar. [Sept. Dec. July Nov. July [Jan. Apr. [Aug. 11,1925 23,1925 21,1922 18,1925 9.1922 17.1924 9.1923 28,1923 18.1925 18 REPORT OF THE COMPTROLLER OF THE CURRENCY National banks, with number of additional local offices and dates of approval of their establishment, October 81, 1925—Continued Location Title of bank New York—Continued. New York Do Chase National Bank_ -„- Chemical National Bank.. Do I East River National Bank. Do Do Do Do Do—-I i)oZIIIIIIIIIIIII- -I First National Bank of the City of Brooklyn.. Hamilton National BankHarriman National Bank. Mechanics & Metals National Bank. - National American Bank. Bank of Far Rockaway National Butchers & Drovers Bank- Do-_ National City Bank. Do.. Do.. National Park Bank Ozone Park National Bank.. Do.. Public National Bank. Do. Richmond Hill National Bank.... Rockaway Beach National Bank. Seventh National Bank.. Manufacturers National Bank Jefferson Co. National Bank First National Bank _ .». Do. Troy__ Watertown Yonkers Do. North Carolina: Greensboro. _ Ohio: Cleveland... ._ —— Columbus Findlay Lockland Pennsylvania: Altoona... Chester Do Johnstown McKees Rocks. PhiladelphiaDo Do Do Do Do Do Do Do Do Do Do ! Yonkers National Bank & Trust Co. American Exchange National Bank Brotherhood of Locomotive Engineers Co-Operaativo National Bank. City National Bank American-First National Bank First National Bank .do. ..do. Pennsylvania National Bank. First National Bank do -do. Broad Street National Bank Central National Bank Corn Exchange National Bank Drovers & Merchants National Bank. Fourth Street National Bank Franklin National Bank Northern National Bank Overbrook National Bank Philadelphia National Bank Southwark National Bank Tenth National Bank Reading Reading National Bank Williamsport. York West Branch National Bank.. York National Bank NumDate of ber of approval of addi- establishment tional of additional offices offices 1 Aug. 31,1925 12 Apr. 28.1923 IfJan. 18.1924 i Jan. 16.1925 9 l-JMay 28,1925 June 27,1925 I Sept, 23,1925 July 19,1924 root, 29, 1 924 \Oct. 30.1924 Apr. 28,1923 July 15.1921 Apr. 14.1925 Sept. 4,1925 May 6.1924 (Oct. 26.1923 I Jan. 30.1924 jMar. 13.1925 iMar. 25,1925 /Mar. 19,1924 \Oct. 16,1924 Feb. 5.1925 (July 18.1922 Aug. 29.1922 Dec. 8,1922 Feb. 28.1923 19 Jan. 26.1921 July 31.1924 Dec. 31,1924 May 19.1925 .Oct. 23,1925 /Aug. 1,1922 \Nov. 28.1924 Mar. 8.1924 Sept. Nov. Oct. rApr. [June roct. [Sept. July 9.1925 19,1923 13.1922 8,1925 17.1925 24,1922 26,1925 24,1922 Sept. 8,1922 Mar. 17,1925 Jan. 2,1923 Nov. 28,1923 June 12,1925 Sept. 22,1922 May 24,1924 Apr. 28.1924 Oct. 24,1922 TJuly 25.1922 [Sept. 30.1925 Nov. 13.1923 July 24,1922 July 18,1922 Jan. 18.1924 Aug. 17, J9-2 July 8,19-25 Apr. 2, ifc'.V, Sept. 2,19J4 Apr. 30. !*"'] Mar. 18.1/.^ Mar. 3, iO2:; (Aug. 24, 1«;'»J {Feb. 15, i9-4 IMar. : Aug. 31,192? July 25, i&? 19 BEPOR.T OF THE COMPTEOLLEK OF THE CURRENCY National banks, with number of additional local offices and date of approval of their establishment, October 81, 1925—Continued Date of Number of approval of addi- establishment tional of additional offices onices Location South Carolina: Charleston Greenville Tennessee: Chattanooga... Knoxville Nashville Do Do Virginia: Charlottes ville. Norfolk Richmond Do Do -- Bank of Charleston, National Banking Association. Norwood National Bank 2 Aug. 30,1922 1 Dec. 15,1923 First National Bank City National Bank._ __ American National Bank Broadway National Bank Fourth and First National Bank Peoples National Bank... _ Virginia National Bank American National Bank Merchants National Bank Planters National Bank _ 9 Z Oct. Jan. /Feb. Ung. 1 July 3 May 29,1925 3,1924 20,1924 1,1924 8,1925 5,1925 1 Jan. 1 Apr. 4 July o /July \Feb. 1 July 9,1923 29,1924 20,1922 21,1922 2,1924 19,1922 1 1 _ CONDITION" OF UATIO^AL BAHKS AT DATE OF EACH EEPOET CALLED FOE DUEIFG THE YEAE Under authority of section 5211, Revised Statutes, national banks were called upon to submit four reports of condition during the year ended October 31, 1925, as of various dates specified by the comptroller. The resources and liabilities of reporting banks at the date of each report during the year are shown in the following statement: Abstract of reports of condition of national banks on dates indicated [In thousands of dollars] Dec. 31, 1924—8,049 banks Apr. 6, 1925—8,016 banks J u n e 30, 1925—8,072 12,319,680 9,802 244, 728 12,468, 836 11,410 240,962 12,674,067 9,352 176,583 2, 586, 697 3, 075,999 2, 614,185 3,139,255 2,538,767 I 3,193, 677 2, 512, 025 3, 242, 620 Total loans and investments 17,8U, ^86 18,236,906 18,47A, 648 Banking house, furniture, and fixtures 551, 371 541, 852 564,103 Other real estate owned 107,459 108,966 112,481 Lawful reserve with Federal reserve banks. 1,303, 631 1,394, 386 1, 273, 274 Items with Federal reserve banks in pro- j cess of collection ____ 411, 539 427,894 486,933 Cash in vault... _ 409, 566 360,101 361, 671 Amount due from national banks 1,349,859 1, 412, 807 1,192,049 Amount due from other banks, bankers, 439,356 431, 043 395, 655 and trust companies 575, 360 996, 615 665, 288 Exchanges for clearing house 53,871 85, 225 67, 708 Checks on other banks in the same place.-I 54,541 70, 635 Outside checks and other cash items Redemption fund and due from TJ. S. j 36, 310 33,120 Treasurer 36, 726 166,820 223,466 Other assets _ _ .._ 226, 386 18,590,446 585,267 I 111,191 i 1,326,864 I 19,105,089 593,178 114, 677 1, 324, 326 486, 787 359, 605 1,096, 768 456, 656 362, 341 1,120, 925 403, 366 988, 294 80, 727 69,517 393,869 733,816 58, 326 54,094 33,038 238,993 32,876 219, 346 24, 350,883 24, 569, 527 Oct. 10, 1924—8,074 banks banks I Sept. 28, 1925—8,085 banks RESOURCES Loans and discounts (including rediscounts) i__ 12,210,148 Gverdrafts. 12, 242 Customers' liability account of acceptances145, 666 United States Government securities owned „ 2, 579,190 Other bonds, stocks, securities, etc 2, 897,040 Total. 1 J 23,323,061 Includes customers' liability under letters of credit. 24, 381, 281 23, 832, 463 13,134.461 14, GOO 201, 083 20 REPORT OF THE COMPTROLLER OF THE CURRENCY Abstract of reports of condition of national banks on dates indicated—Continued [In thousands of dollars] Oct. 10, Dec. 31, Apr. 6, J u n e 30, Sept. 28, 1924—8,074 1924—8,049 1925—8,016 1925—8,072 1925—8,085 banks banks banks banks banks LIABILITIES Capital stock paid in 1,332,527 Surplus fund 1,074,268 Undivided profits, less expenses and taxes paid •__ 556,792 Reserved for taxes, interest, etc., accrued.. National-bank notes outstanding _. 723, 530 Due to Federal reserve banks 27,342 Amount due to national banks 1, 338,309 Amount due to other banks, bankers, and 1,933, 857 trust companies 147, 404 Certified checks outstanding 217, 231 Cashier's checks outstanding 9, 795, 580 Demand deposits Time deposits (including postal savings)... 5,460,677 188,398 United States deposits Total deposits 19,108,798 United States Government securities borrowed. 28,729 Bonds and securities (other than United States) borrowed 3,581 Agreements to repurchase United States Government or other securities sold Bills payable (including all obligations representing borrowed money other than rediscounts) 123,611 Notes and bills rediscounted (including acceptances of other banks and foreign bills of exchange or drafts sold with indorsement).— 170,419 Letters of credit and travelers' checks out6,135 standing Acceptances executed for customers and to furnish dollar exchange less those pur140, 574 chased or discounted __. 18,435 Acceptances executed by other banks 35, 662 Liabilities other than those stated above... Total.. 23, 323,061 1,334,836 1,361,444 1,106, 544 1,369,435 1,118,928 1,375,009 1,125,495 442,484 60,784 714,844 33,188 1, 239, 923 490, 457 60,224 649, 447 29, 323 1,147, 628 481,711 60, 078 648,494 30, 740 1,028,168 543, 564 69, 792 649, 221 31,820 1,068, 420 2, 029, 671 184, 363 415, 260 10, 363, 250 5, 581, 287 153, 266 1,827, 492 1,839,935 224, 089 197, 508 204,447 336,167 9,923, 243 10,430, 254 5, 785, 211 5,924, 658 255, 652 108,101 1,766, 708 251, 505 214, 594 10,427,544 5,994, 374 175, 097 20, 000,208 19,882,947 19,909,669 19,930,062 21,747 21,684 24,479 3,821 3,530 3,976 3,413 4,057 3,405 202,304 219,198 245,107 316, 627 196,396 226,597 233,874 245,537 6,124 6,537 12,127 9,065 235, 232 26,564 40, 290 232, 761 29,502 41,237 164,569 28, 773 49,471 191, 873 28, 542 52, 228 24, 381, 281 23, 832, 463 24,350, 863 24, 569, 527 CONDITION OF NATIONAL BANKS SEPTEMBER 28, 1925 The resources of 8,085 national banks September 28, 1925, amounted to $24,569,527,000, and exceeded the resources of 8,074 banks October 10, 1924, by $1,246,466,000. Comparison of the principal items of resources and liabilities follows: RESOURCES Loans and discounts aggregated $13,134,461,000, and exceeded the amount in October, 1924, by $924,313,000. The percentage of loans and discounts to total deposits was 65.90, compared with 63.90 in October, 1924. United States Government securities held by these banks to the amount of $2,512,025,000, declined since October, 1924, $67,165,000, and other bonds, stocks, and securities, etc., amounting to $3,242,620,000 were increased in this period $345,580,000. Banking houses, furniture and fixtures valued at $593,176,000 exceeded the amount a year ago by $51,324,000, and other real estate REPORT OF THE COMPTROLLER OF THE CURRENCY 21 owned to the amount of $114,677,000 showed an increase of $7,218,000 in the year. Balances due from correspondent banks and bankers, including lawful reserve and items in process of collection with Federal reserve banks of $1,780,992,000, aggregated $3,295,786,000, and showed a reduction in the year of $287,902,000. Cash in vault of $362,341,000 exceeded the amount a year ago by $2,240,000. LIABILITIES Paid-in capital stock of $1,375,009,000 exceeded the amount a year ago by $42,482,000, and surplus and undivided profits of $1,669,059,000 were $37,999,000 more than a year ago. Liabilities for circulating notes amounted to $649,221,000 and were $74,309,000 less than at the corresponding period in 1924. Deposit liabilities aggregated $19,930,062,000 and showed an increase in the ye&r of $821,264,000. In the classification of these liabilities, deposits due to correspondent banks and bankers of $3,333,047,000 showed a reduction of $331,096,000; demand deposits, including TJnited States deposits, amounted to $10,602,641,000, or. $618,663,000 more than a year ago, and time deposits, including postal savings, amounted to $5,994,374,000, and showed an increase of 8533^697,000. Liabilities for money borrowed amounted to $562,164,000 and exceeded the amount in October, 1924, by $268,134,000. Of the total liabilities for money borrowed, these banks had rediscounted paper with Federal reserve banks to the amount of $148,712,000, and had bills payable with these banks to the amount of $254,474,000. Statement showing the principal items of resources and liabilities of these banks in each State, Alaska and Hawaii, at the close of business September 28, follows: Principal items of resources and liabilities of national banksy September 28, 1925 to [In thousands of dollars] United Num- Loans, in- States ber of cluding Governbanks overdrafts ment securities States, etc. Maine New Hampshire.. Vermont Massachusetts Rhode Island Connecticut Total New States. . . New York New Jersey Pennsylvania Delaware • Maryland. District of Columbia. Total Eastern States Virginia West Virginia... North Carolina. South Carolina.. Georgia Florida Alabama Mississippi Louisiana Texas Arkansas Kentucky Tennessee Total Southern States Ohio Indiana Illinois Michigan... Wisconsin.. Due from Cash in banks and Capital vault other cash items Surplus Profits 4,871 3,240 2,317 Circulation outstanding Total deposits 785 775 031 700 678 723 13,928 12,432 6,033 92, 369 9,164 30,935 43,669 14,361 17, 568 162, 654 15, 931 39, 618 1,979 972 16, 739 1,846 6,251 13,211 9,094 5,803 173,849 6,986 32,073 7,370 5,240 5,060 73,243 6? 320 20,002 5, 716 4,642 2,908 61, 637 5,340 16, 709 31,008 4,519 10, 385 5,591 118, 677 4,631 58, 236 4,289 48, 661 19, 615 1, 075, 346 5,165 59,007 9,693 216, 333 392 1,148, 692 164, 861 293, 801 29, 816 241,016 117,235 i 96, 952 56,340 48,984 538 2, 823, 921 426, 782 1,451, 279 11, 998 158, 422 79, 243 635, 322 74, 456 326, 305 2, 384 28, 748 19,170 774,053 238, 498 643, 412 6,639 48, 073 13, 570 48, 058 1,130,450 14, 489 72, 361 44,924 396, 880 405 2,055 3,461 45,459 3,249 21, 211 244, 431 41, 464 144,139 1, 735 I 17,339 | 9,427 ! 292,921 38, 740 215, 262 2,052 17,122 5,913 148, 645 18, 841 80,935 1,083 7,876 2, 8.18 1,789 4,951, 645 181 124 82 76 88 57 103 37 33 652 87 139 106 285, 206 128, 743 132, 288 81, 045 136, 407 175, 018 105, 330 51, 952 82,112 561, 641 63, 228 175, 064 158,192 1, 765 2,136, 226 58 54 46 155 17 62 England ___. Other bonds, stocks, etc. 354 246 504 126 157 67, 37, 33, 808, 45, 155, 515, 226, 979, 285, 249, 616 527 966 234 258 1, 724, 245 114, 586 I 1, 668,416 31, 748 19, 462 15, 522 11, 888 21, 781 28, 703 16, 562 6,376 9,100 104, 572 10, 480 26, 461 18, 080 22,195 15,981 4,116 7,955 5,608 48, 524 17, 769 12, 075 4,591 37, 358 4,599 26, 776 11,218 320, 735 I 218, 785 105, 651 48, 079 143, 988 43, 409 37, 941 137, 375 53, 148 167,115 93, 960 59, 562 6, 400 | 58, 771 4,104 j 22, 306 3,617 j 32, 879 2, 720 21, 526 3, 512 45,289 5,337 96, 225 4,508 36, 848 1, 766 18, 287 2,321 22, 876 20,938 233,122 2,466 25, 693 4,037 33, 810 4,381 41, 825 66,107 19, 457 16, 884 121, 658 10, 831 55, 863 25, 023 304, 932 8, 032 I 78, 852 7,165 ! 59, 928 458, 535 | 572, 010 260,198 30, 379 13, 505 14,185 11, 294 15, 510 10, 740 13,120 5,410 9,175 81, 771 7,925 18, 596 17, 519 249,129 62, 215 31,948 94, 648 26, 183 ! 27, 005 | 1,576,260 Bills payable Rediscounts 424 1,931 868 8,805 80 2,543 645 199 776 31, 041 224 404 14, 651 Total assets 143,682 78,278 65,116 1,340, 043 81, 215 278,196 1,9 65, 557 4,595,195 131, 861 716, 719 11,831 20, 820 82, 231 2, 370, 724 47,009 18, 032 1,129 110 232, 711 9,560 6, 644 4,449 119, 026 3,517 75, 726 I 5,736, 729 2, 730 855, 874 10.651 2,978,123 '200 24, 380 1,460 294,908 147, 204 200,972 183, 746 | 8, 052, 407 91, 035 I 10,037,218 9,092 23,935 5,472 11, 733 3,920 8,959 5,457 | 2,112 4,222 10,857 4,098 6,479 5,450 8,357 1,195 3,204 1,654 4,855 37, 782 20,186 2,193 3,355 6,716 13,866 3,456 10,150 19, 864 10, 289 9,532 6,760 8,207 5,350 9,270 2,932 4,237 40, 008 3,764 15, 833 13,144 312, 336 150, 462 143, 977 104, 075 179, 973 329, 946 145, 210 74, 959 103,131 810, 013 88,065 206, 216 187, 783 8, 351 5,962 4, 753 1,497 1,540 43 3,039 1,598 534 7,436 1,657 4,174 4,294 13, 327 1,452 11, 038 2,482 1,181 147 1,507 3,101 4,592 3,941 2,928 5,727 5,031 421, 290 199,988 199,105 137, 635 224, 034 360,181 187, 327 93, 277 130,986 1,007, 428 110, 523 274, 804 244,104 148, 989 69, 766 149, 190 2, 836,146 44, 878 56, 454 3, 590, 682 44,131 16,484 63, 503 18, 843 14, 761 26, 314 8,590 35, 402 9,971 8, 092 72, 827 321, 093 1, 431, 197 452. 013 359, 319 11, 253 2,442 9,864 3,942 1,250 I 12, 506 6,185 8,307 5,204 3,162 939, 384 415, 984 1, 696, 786 533,175 430, 923 40, 25, 30, 13, 14, 902 075 560 749 428 Minnesota . . •_ Iowa Missouri rt. Total Middle Western 2q States ife0 North Dakota South Dakota _ _ Nebraska to Kansas ^ Montana Wyoming Colorado __., _ New Mexico w Oklahoma Total Middle Western States __ Washington. _ . _ Oregon California _ Idaho Utah.. . Nevada __ Arizona Total Pacific States.. Alaska (nonmember banks) Hawaii (nonmember banks) Total (nonmember banks) Total United States, A laska and Hawaii 318 •339 135 349, 649 234, 807 348, 343 83, 626 41, 584 51, 670 80,922 34,957 54,244 8,671 7,896 6, 300 116, 734 54, 743 126,925 \- 37, 633 26, 520 42,093 2,179 3,189,400 555,948 681, 283 90, 802 919, 635 348,245 209, 031 158 112 170 259 84 32 135 31 386 53, 712 46,098 144, 891 128,363 41,460 23,150 132, 836 15, 211 206,630 13, 540 11, 759 17,800 27,346 10,667 5,654 35, 535 4,007 4.8, 725 12,200 7,863 18, 870 24,972 9,885 3,491 40,492 978 29,217 1,628 1,848 3, 857 5,303 2,660 1,444 7,372 903 7,817 17,477 14, 971 49, 892 50, 771 17, 288 8,652 55,151 3,781 89,244 6.390 5,094 16,215 18,188 5,745 2,725 12, 565 2,135 27,095 2,932 2,326 8,434 9,004 2, 522 1, 701 9,453 914 7,195 1,367 792,351 175,033 147,968 32, 832 307, 227 96,152 113 99 271 56 20 10 18 156, 544 109,124 578,982 29,444 28, 740 9,540 14,876 42,926 32,413 112, 511 7,053 5,878 2,749 2,713 38,440 27, 259 96,290 3,634 5,091 1,863 1,956 5,817 4,241 13, 832 1,272 630 401 1,075 58,401 41,110 183, 463 12, 017 11, 712 3,316 4,289 17,965 14,020 62, 833 3,760 3,450 1,385 1,500 587 927,250 206, 243 174, 533 27, 268 314, 308 1,226 2,571 1,045 1, 775 403 1,622 264 666 2,025 4 2 6 3,797 2,820 8,085 13,149, 361 2, 512, 025 21, 262 8,397 12,973 4,307 17, 074 • 11,060 14, 531 17, 533 16, 765 572, 295 325, 752 507, 472 1,795 1,929 778 2,010 5,937 2,773 9QR QOQ 112,133 173, 543 4, 697,417 33, 253 46,084 5,679,955 690 647 3, 747 3,017 1,157 456 3,372 192 2,946 4,192 2, 812 8,301 9,935 2,450 1,731 5,120 1,112 8,315 90, 590 74,800 206, 600 207, 721 73, 645 37, 648 245,986 21, 826 350,256 322 280 888 115 312 41 544 142 1,949 503 1,099 2,302 675 412 75 1,214 283 3,072 105, 654 87,162 247,410 249, 504 86, 336 44, 413 278, 711 26, 629 401,945 44,481 16, 224 43,968 1,309,072 4,593 9,635 1, 527, 764 7,255 5,807 35,949 1, 643 1,391 645 622 4,421 3, 283 19, 237 573 775 167 252 9,547 3,259 30,161 2,309 2,256 1,192 564 271,438 194, 519 851,955 46,924 46,104 15, 328 22, 746 1,593 1,627 13, 354 779 60 867 1,461 1,687 4,754 367 197 78 496 315, 869 225, 551 1,036, 587 56, 451 54, 583 18, 819 27,491 104,913 53,312 28, 708 49, 288 1,449,014 18, 280 9,040 1, 735, 351 937 1,026 200 600 120 600 56 139 60 442 3,532 6,214 3,968 8,059 930 1,963 800 720 195 502 9,746 12, 027 3, 242,820 p 362, 341 4,142, 022 1, 375,009 1,125,495 543, 564 649, 221 19, 930, 062 316, 627 245, 537 664, 011 602, 763 1 o fcrj a Q O o 24, 569, 527 a .3a 24 EEPORT OF THE COMPTROLLER OF THE CURRENCY NATIONAL BANK LIABILITIES ON ACCOUNT OF BILLS PAYABLE AND REDISCOUNTS The total liabilities of national banks for money borrowed, represented by bills payable and rediscounts, amounted to $582,164,000, September 28, 1925, and show an increase at the date of each report called for since December 31, 1924, or during the year covered by this report. The increase in bills payable in this period was $114,323,000 and the increase in rediscounts was $49,141,000. The liabilities referred to, of national banks in each Federal reserve district, at the date of each report since December 31, 1924, are shown in the following statement: Total borrowings of national banks on account of bills payable and rediscounts in each Federal reserve district at date of each report during year ended September B8t 1925 [In thousands of dollars] District No. 1 District No. 2 District No. 3 District No. 4 District No. 5 District No. 6 Dee. 31,1924: Bills payable Rediscounts 22,762 39,568 63,328 67,830 27,320 10,868 32,254 15,348 23,321 18,526 6,049 9,356 11,548 15,869 District No. 7 Total 62,330 131,158 38,188 47,602 41,847 15,405 27,417 Apr. 6,1925: Bills payable Rediscounts 18,156 35,425 98,443 72,022 26,307 7,937 20,297 18,748 18,788 23,091 5,304 8,672 11,878 42,074 Total. 53,581 170,485 34,244 39,045 41,879 13,976 53,852 17, 706 35,271 89,446 70,007 34,109 10,407 24,482 13,901 25,989 29,355 5,465 14,420 24,520 29,051 52,977 159,453 44,516 38,383 55,344 19,885 53,571 14.603 33,289 139,720 77,359 34,692 10,579 31,098 15,058 29,158 29,935 9,295 12,680 17,825 28,030 47,892 217,079 45,271 46,156 59,093 21,975 45,859 District No. 8 District No. 9 District No. 10 District No. 11 District No. 12 4,734 3,684 1,819 3,951 1,479 4,513 3,743 1,919 3,947 4,904 202,304 196,396 8,418 5,770 5,992 5,662 8,911 398,700 4,972 3,729 1.280 3,760 3,078 3,680 1,987 1,018 8,708 6,441 219,198 226,597 8,701 5,040 6,758 3,005 15,149 445,795 3,683 7,133 2,385 3,838 1,922 6,406 6,102 - 4,278 9,298 9,807 245,107 233,874 10,816 8,223 8,328 10,380 19,105 478,981 7,965 13,924 2,836 4,049 3,321 7,041 8,374 4,742 316,627 245,537 21,889 6,885 10,362 13,116 17,740 8,851 28,591 June 30,1925: Bills payable.._ Rediscounts _ __ Total Sept. 28, 1925: Bills payable Rediscounts m Total Dec. 31,1914: Bills payable Rediscounts „ Total Apr. 6,1925: Bills payable Rediscounts ... Total June 30,1925: Bills payable Rediscounts Total Sept. 28,1925: Bills payable Rediscounts Total.... - __ Total 562,164 25 BEPORT OF THE COMPTROLLER OF THE CURHEKOY LOANS AST) DISCOUNTS OF MATIOFAL BA1TXS JIT1TE 80, 1925 The loans and discounts of national banks amounted to $12,674,067,000, June 30, 1925, and exceeded the amount June 30, 1924, by $695,339,000. Time loans not secured by collateral, but bearing the indorsement of one or more individual or firm names, amounted to $6,132,318,000? or 48.39 per cent of the total. Fourteen and fifty-four hundredths per cent of the total loans were on demand paper secured by stocks and bonds, and amounted to $1,843,167,000; loans on time paper secured by stocks and bonds, aggregated $1,817,730,000, or 14.34 per cent of the total. A classification of the loans and discounts of national banks in the fiscal years ended June 30, 1923, to 1925, inclusive, is shown in the following statement, supplemented by similar information reported by these banks in reserve cities and States, June 30, 1925. Classification of loans and discounts for the last three fiscal years [In thousands of dollars] June 30, 1923 Class 3 or more indiOn demand, names (not secured by vidual or collateral) „ On demand, secured by stocks and bonds.. On demand, secured by other personal securities, including merchandise, warehouse receipts, etc.On time, paper with one or more individual or firm names (not secured by collateral) On time, secured by stocks and bonds On time, secured by other personal securities, including merchandise, warehouse receipts, etc Secured by improved real estate under authority of sec. 24, Federal reserve act, as amended: 1. On farm land_ . — . 2. On other real estate -.-. Secured by real-estate mortgages or other liens on realty not in accordance with sec. 24, Federal reserve act, as amended: 1. For debts previously contracted (sec. 5137, R. S. U. S.)— (a) Farm lands .„ _. (6) Other real estate 2. All other real-estate loans— (a) Farm lands —...... (&) Other real e s t a t e — . — — . Acceptances of other banks discounted.... Acceptances of reporting banks purchased or discounted Customers' liability on account of drafts paid under letters of c r e d i t . . . . . . . . , Total. June 30,1924 June 30, 1925 Amount Per cent Amount Per Amount 733,538 1,463,203 6.21 12.38 737,559 1,545,625 6.16 12,90 726,100 1,843,167 278,090 2. Si 263,618 8,176,743 1,519,817 52.27 12.86 8,123,604 1, 559,698 51.12 13.02 6,132,318 1,317,730 14.34 1, HI, 27: 9.40 1,087,096 9,08 1,062; 755 8,89 108,892 125,070 1.06 116,000 188,897 ,97 1.53 122, 214 269, 247 .96 % 12 1.08 .57 .09 .19 ,51 120,122 ! 74,536 1. 00 .62 123,332 81,874 .07 .65 9.031 26, 543 91,026 .08 .22 .70 10,334 29,797 107,767 .24 .85 .10 33,998 43,766 .35 .02 1,367 3,105 .02 127,339 67,942 10,393 23,101 60,874 11,392 2,506 11,817,6771 100.00 2.20 .01 300,561 Per cent 5.T3 14.54 2.87 11,978,728 I 100. 00 12,674,067 i 100.00 Loans and discounts of national banks June SO, 1925 a* tin thousands of dollars] On demand Secured by improved real estate under authority of section 24, Federal reserve act, as amended On time Secured by real estate mortgages or other liens on realty not in accordance with section 24, Federal reserve act, as amended 1. For debts previously contracted (sec. 5137, R. S., U. S.) 2. All other real estate loans Cities, States, and Territories & 111 Pi Sal 112 !!! 2 5 o CENTRAL RESERVE CITIES New York Chicago Total central reserve cities 30,193 30,614 582,472 48,185 156,641 43,030 837,112 237,908 410,402 96,336 73,865 36,954 60,807 739,113 91,215 1,075,020 506,738 110,819 78,245 2,589 3,503 3,107 59,420 14,410 111 366 66 14,349 84 588 9 21 250 1,549 333 23 67,126 31,463 4,027 4,608 979 2,084,305 610,617 56 438,336 183,846 31, 674 16,533 597 271 1,643 356 71,153 36,071 1,035 2,694,922 622,182 48,207 961 406 143 2 1,825 300 1 233 10,560 493,695 61,715 55,546 17,160 34,660 11,955 42,007 11,120 459,927 138,110 6,990 366 911 402 4,592 OTHER RESERVE CITIES Boston Albany Brooklyn and Bronx Buffalo __ _ Philadelphia 35,525 1,073 141 3,017 21,718 76,382 22,818 25,171 1,388 6,528 770 17,998 850 87,459 12,465 236, 564 23,241 22, 959 14,262 257,086 442 15,697 269 2,696 1,443 746 1,045 17 2,220 167 Pittsburgh Baltimore _ Washington Richmond Atlanta Jacksonville Birmingham New Orleans Dallas El Paso Fort Worth Galveston Houston .._ San Antonio Waco _ Little Rock „ Louisville Memphis Nashville Cincinnati Cleveland Columbus Toledo Indianapolis Chicago Peoria Detroit Grand Rapids.. Milwaukee Minneapolis St. Paul Cedar Rapids Des Moines Dubuque Sioux City Kansas City, Mo.. St. Joseph St. Louis. Lincoln Omaha Kansas City, Kans. Topeka Wichita Helena Denver Pueblo Muskogee.... Oklahoma City Tulsa Seattle Spokane Portland Los Angeles 16,132 3, 758 3/612 3,428 2,104 1,103 254 3,826 1,917 78 989 171 2,783 628 1,012 235 1,457 90 70,488 19,114 20,991 3,841 2,876 7,959 1,169 6,423 3,579 3, 952 1,039 1, 9471 1,583| 1, 676| 1,895 19,523 8,126 7,993 1,951 1,736 4,116 4,154 3.722 401 259 8,147 11, 669 1,268 331 1,426 374 5661 4,098i 519 14,929 429 1,956 29 614 79 258 294 16 188 699 1,940 2,226 344 402 7,209 2,622 2,506 4,296 2,066 838 1,514 302 216 1,759 13,453 2,070 57 1,631 5,411 14,454 586 482 458 5,067 2,296 35 319 626 133 8,593 1,317 709 542 376 1,004 383 9,741 21,150 8,488 1,428 1,147 298 1,129 2,233 472 11 580 762 597 573 242 1,976 6,741 32 938 68 475 1,803 7, 576 3,722 1,725 406 31. 696 8,230 '276 29 5,138 1,438 883 239 3,442 30 5,944 309 159 46 242 47 83 40 6,828 4,521 3,034 2, 470 163 1,310 23,331 1,110 294 365 516 4,170 81,482 58, 655 37,946 35,461 36, 813 25,349 20,840 14,104 34,365 9,589 16,470 5,514 29,485 15,886 6,405 4,339 31, 654 4,918 25,052 30,414 24,620 19, 966 1,416 31,081 13, 773 7, 243 72, 530 11, 320 54, 612 50,120 33,736 5,830 7,835 1,256 10,080 24,176 12, 559 72,951 11, 647 21.505 1,807 4,370 5,674 1,731 22,443 3,363 4,326 11, 487 22,981 33, 855 17, 274 26,949 91,620 24,956 6,713 5,117 13,436 12,322 8,808 2,519 1,797 10,396 2,977 8,045 1,230 16, 611 4,029 1,199 632 13, 718 2,612 5, 655 18,449 9,052 15, 637 664 5,870j 8,045 2?239 48, 655 5,229 17,413 12,470 9,130 4,034 5,978 1, 255 1,437 13,699 1,712 37, 537 2,688 12,590 720 995| 1,650 662 17,009 600 1,494 4,874 10,238 9,080 4,064 6,854 31,463 2,377 6,680 3,478 8,925 6,185 8,183 2,605 595 14, 941 1,052 9,142 574 5,441 1,312 1,106 6,247 2,244 5,371 4,214 3,835 1,952 19 6,042 2,616 1, 5,799 690 9,232 20, 375 2,452 238 4,767 823 2,987 26,327 1,099 17,951 1,142 19,921 2,638 1,368 3,945 759 21, 489 1,546 1,441 9,212 6,734 8,390 4,180 7,736 19,140 9 191 12 75 366 264 82 29 10 2 161 33 69 608 155 1,494 195 347 135 1,492 14 57 83 246 30 11 66 71 689 5,499 504 429 24 "6 17 976 30 315 133 40 150 102 83 285 329 3 94 32 41 315 726 436 691 13 577 341 268 275 147 4 372 900 422 72 226 83 \ 11 63 53 203 21 372 261 217 7 104 154 7 96 50 2 80 152 99 6 64 28 1 7 245 619 23 318 655 24 1 196 510 10 2 3 21 381 27 307 4,960 289 214 497 498 14 6 733 1,100 723 8 352 54 251 26 10 104 507 134 161 69 16 1,772 132 135 25 18 41 54 120 84 5,554 594 176 694 176 78 49 22 47 207 3 457 59 36 81 320 107 8 956 345 429 106 23 47 1,640 36 189 22 656 480 913 773 20 18 69 785 82 52 458 20 650 2 393 234 260 179 440 426 1,931 6 188 130 283 182 35 461 494 260 142 10 323 20 722 53 448 16 288 248 124 2,249 313 244 37 35 15 1,549 995 351 275 3 674 101 912 12 16 337 114 19 72 12 279 107 85 1,061 162 219 1,212 652 301 804 1,476 25 40 1 17 33 304 15 7 2,135 68 32 199, 774 97, 729 77,671 67,754 61, 644 53,524 27,019 24,489 79,302 14,639 37, 974 18, 219 76,072 28,442 12, 616 6,685 63,192 11,586 40,347 80,823 63,235 50,884 5,556 47, 822 31, 392 18,029 139, 671 19, 622 101, 605 126, 602 56,903 12,896 23,265 4,928 18,928 81,190 18,069 186, 480 16,453 65, 111 6,416 8,614 15,951 3,530 72, 331 5,574 8,375 35,144 48,651 fift Ov<± V)A DU, 27,195 45,105 184,303 53,004 24,694 9,876 19,452 18,125 18,371 15,263 4,501 23,781 4,750 14,444 7,969 16,473 11,581 4,814 2,006 19,660 2,700 13,100 19,179 13, 943 9,436 1,500 14,205 10,023 8,965 17, 245 4,280 32, 690 27,034 21,981 3,950 10,443 2,420 7,573 26,085 9,050 53,893 6,080 25,001 1,878 4,632 7,694 1,700 24,368 2,054 2,145 10,773 7,891 o o cton jL/Of D o U 9,399 23,218 32,349 2,091 971 726 624 244 647 582 210 1,126 443 249 72 228 27 1,147 88 342 3,110 260 2,151 159 1,227 1,115 247 988 71 749 808 632 110 123 325 150 653 279 5,540 27 516 124 141 54 20 663 23 46 171 278 1,238 102 463 4,123 Loans and discounts of national banks June SO, 1925—Continued oo [In thousands of dollars] Secured by improved real estate under authority of section 24, Federal reserve act, as amended On time On demand Secured by real estate mortgages or other liens on realty not in accordance with section 24, Federal reserve act, as amended 1. For debts previously contracted (sec. 5137, R. S., U. S.) a 2. All other real estate loans 1 o Cities, States, and Territories II 1 OS I 1 -a I 2 I © OTHER RESERVE CITIES— continued Oakland San Francisco Ogden Salt Lake City 7,033 78,431 2,629 3,301 420 13,124 797 2,711 68 872 3,871! 618,114|ll5,746|l,911,418 640,909 365,122 9,212 46,459 12,583 19,603) 27,79 J273,603]l,357,227|206,98l|2,98B»_438[:1,147,647 != 475,941 9,296] 47,056 12,854] 21,246 98,951 41,966 2,960| 6,689,568 33,495 176 2,027j Total other reserve cities 1212,796 Total all cities 343 211 410 52 reserve 619 ao 217 108 94 1,532 17,707 177,856 5,048 18,475 44,993 1,475 6,283 35 2,528 30 232 5,895 1,925) 3,994,646j 1,060,752 52,904 1,411 682,9341 101,111 COUNTRY BANE.3 Mains New Hampshire Vermont Massachusetts Khode Island Connecticut. 7,722 5,879 __» « _„. 5,883 13,894 _« 1,528 10,199 Total New England States New York.. . N e w Jersey „ Pennsylvania Delaware „ . Maryland........ 45,105 , __..._ 45,636 „ . _ . . 38,920 08,561 . . . . 1,523 6,263 Total Eastern States. 188,903 Virginia . . 6,910 4,437 West Virgipfa 2 923 No r th Carolina 2,748 South Carolina . . 2,674 Georgia 2,085 Florida Alabama ._ „ __„_ 2,839 Mississippi 560 878 Louisiana Texas 13,417 779 Arkansas 7,525 Kentuckv. .... _ „__„_ 2,738 Tennessee....... Total Southern States. 50,493 Ohio Indiana Illinois .„ Michigan Wisconsin Minnesota Iowa___ . . . . "Missouri . .. 43,297 8,481 28,647 3,957 4,808 8,832 8,874 5,054 9,419 7,855 3,015 29,472 2,639 25,202 759 ©23 1,214 5,674 1,361 1,839 77,602 11,775 157' 359 26,033 74,388 6,818 8,084 2,404 54,194 7,377 27,165 2,172 1,026 1,317 9,130 1,480 2,790 804 254 758 597 13G 3,541 735 967 14,347 1,044 5,918 31, 758 16,832 404 44 219 391 7 114 818 269 297 1,964 4 1,361 6 4 105 19 28 76 03 554 3,330 58 701 50 IIIIIIIII-II-I 4 16 64,473 37,120 82,715 290,756 41,633 149,903 11,609 7,889 7,553 77,672 12,739 37,054 1,371 761 485 3,697 445 2,168 616,600 322,338 101,042 17,915 2,543 26,552 1,179 4,713 162 4,782 822 70 154,576 8,927 7,298 6,459 7,079 284 508 269,382 218,143 363, 277 5,785 29,010 49, 277 32,150 88,489 557 7,639 11,956 4,605 10,911 45 1,386 3.739 867 4,778 568 1,384 22,505 29,069 49,800 235 2,239 2,023 559 1,012 83 533 5,855 3,038 5,298 118 299 516 36 722 13 231 2,580 4,936 4,329 23 292 1,084 242 821 100 79 33 1 12! 7! 4 486,768 406,680 739,368 11.085 54,459 147,911 94,851 130,651 3,850 10,684 4,927 4,782 8,682 179 566 245,184 21,628 1,518 12,160 2,147 212 23| 1,698,360 387,047 19,136 30 201, 233 128.641 129,806 80,842 62,050 87, 806 72,686 48,316 49, 511 272, 567 50,320 106, 710 98, 258 61,700 19,086 41,019 30,901 25,704 30, 805 31, 478 15,910 15, 634 118, 779 20,320 24,329 37, 573 2,488 1,496 1 703 553 401 600 418 347 111 1,180 417 1,074 881 64,837 69, 565 104,251 1,847 4,084 885,577 178,112 28,903 2,272 1,027 1,247 1,707 2,038 1,128 1,675 426 342 4,822 535 872 364 126, 550 79, 308 83, 786 36, 269 32, 545 43,939 32,621 23,342 25,717 119,735 27,027 65, 784 67, 200 36,185 28, 430 22,195 14,114 5,679 10,377 4,601 & 737 5,947 14,936 4,641 12, 550 15,415 12,667 2,888 12, 649 16,392 9,543 13,915 19,559 10, 318 9,528 85, 042 m 293 5,385 6,434 3, 356 902 1,729 2,206 2,544 1, 019 1,239 1,494 822 3, 719 1,421 2,775 1,166 55, GG6 18,455 764,423 180,807 214,613 24,392 35,651 4,165 14,216 10,912 4,365 11,097 1,118 1,647 134,984 113,733 189,023 65,519 92, 539 67,173 107,935 25, 9C2 33,727 24,782 25,528 25,284 •21,817 12, 517 10,231 4,718 6,362 6,015 14,688 4,789 9,393 29,892 18,976 7, 501 7,408 6,376 8,893 4,877 5,511 11,178 4,451 1,312 TM, 868 158,604 97, 616 50,006 49,325 4,142 6,459 1,328 2,669 1,546 10,993 5,322 139 2, 560 11,871 1,332 5, 538 1,167 4,534 1,045 3,483 1,504 1,349 5,712 2,106 2,722 11, 336 103,839 4,210 14,608 2,007 1,435 856 1,094 1,424 654 951 524 623 3,907 507 1,293 1,547 235 63 52 91 63 33 60 469 17 808 33 171 35 26,810 27,957 16,822 13,245 6,677 4,251 12, 717 4,990 4,455 1,786 1,204 3,793 3,715 6,095 593 1,607 7,537 14,656 1,521 3,286 2,105 2,862 931 1,301 1,479 2,318 "S971 39,517 14,679 2,795 5.044 3.314 1,791 1,484 976 3,113 1,475 2,103 663 2,181 1,208 2,221 1,039 1,580 242 1,137 1,824 2,891 320 1,993 978 2,231 9,649 1,901 2,138 1,073 255 136 113 105 39 164 96 226 141 401 9 441 79 1,845 29 1 1 236 7 2,128 2,205 2,038 667 70 1,386, 748 473, 298 11,667 222 427 384 45 160 618 876 63 1,205 262 270 155 397 278 253 50 3 64 1,238 37 168 7 2 55,168 54, 521 90,390 30,341 46,427 54, 297 69, 635 18,039 4,727 E,079 2,928 1,206 1,208 703 392 507 418,818 14,750 „„._. Total Middle West109,925 orn States. 126 147 14 38i 102 52 83,171 22,435 135 27 4 88 86 218 12 42 ______ 16 434 236 300 31 417 22 16 287,754 177,995 297, 566 131,291 148,668 161,421 173,902 52,198 2,306 669 7 1,430,793 2 6 O O 3 fed O ,, 2,870 IO Loans and discounts of national banks June SO, CO O 1925—Continued [In thousands of dollars] On demand Secured byimproved real estate under authority of section 24, Federal reserve act, as amended On time Secured by real estate mortgages or other liens on realty not in accordance with section 24, Federal reserve act, as amended 1. For debts previously contracted (sec. 5137, R. S., U. S.) 2. All other real estate loans xi '% Cities, States, and Territories "38 o O 1 w oa © 'd & «_ >> ible «8 S COUNTRY BANKS—COntd. North Dakota South Dakota Nebraska Kansas Montana _._ Wyoming -_._ Colorado New Mexico.Oklahoma 2,462 850 3,215 5, 3,748 373 1,461 508 3,454 565 543 160 2,281 4,228 774 1,462 63 1,915 Total Western States. 21,369 11,991 1,080 689 673 1,313 993 73 1,169 400 877 7,267 17,166 20,311 35,810 46, 6521 12,345 8,016 20,814 6,627 37,821 205, 562 2,250 1,747 1,661 2,773 3,619 1,056 4, f 25,138 18, 832 15,529 16,968 28,657 10,084 11, 650 5,317 48,567 169,484 3,328 1,475 1,253 2,197 1,222 448 1,475 257 1,651 1,425 458 317 1,009 443 283 417 233 1,271 4,732 515 3,604 578 3,258 615 3,717 980 1,512 404 1,435 472 2,290 628 387 237 4,047 1,391 13,306 5,856 24,980 5,820 312 162| 197 203 12 3 51 29 232 1,201 115 173 68 169 49 23 56 95 116 106 65 1 864 256 34 45 52,223 46,622 64,288 97,925 36,729 22,553 51,201 15,274 106,420 19,943 21,218 28,005 39,646 11,975 7,741 11, 674 6,027 47,424 47 53 255 773 117 68 150 84 367 45 493,235 193, 653 1,914 Washington _ Oregon California. _ Idaho Utah Nevada -Arizona Total Pacific States. . 3,034 8,160 21, 771 637 54 2,166 155 Alaska (nonmember banks) The Territory of Hawaii (nonmember banks). 251 12 474 35,977 Total (nonmember 725 banks) Total Country banks. 452,497 Total United States, 2,007 922 6,618 206 115 702 509 2,514 2,411 5,042 886 14 988 122 35.131 18,304 89,162 14,144 2,984 2,685 7,834 4,600 1,416 17,124 1 316 765 384 766 13, 554 9,653 19, 684 9 649 1,134 903 3,519 1,517 709 7,096 954 395 496 160 750 440 7,810 244 155 151 217 1,747 2,006 4,505 1 818 452 763 1,344 321 648 2,212 340 128 159 178 117 241 354 177 4 18 17 260 112 569 41 22 80 12 52 117 813 11,079 11,977 170,244 26,371 58,096 11,327 9,767 12, 635 3,986 928 1,096 1, 247 14 783 8 71 3 149 1,835 49 85 1 116 5 93 2,658 1,847 63 868 9 187 8 242 3,949 485,940 93,600 3,145,880 670,083 Alaska, and H a w a i i . 726,100 1,843,167 300,561 6,132,318 586,814 112,918 222,191 110,478 60, 628 i 1,817,730 1, 062, 755 83 65,605 45,141 182,843 30 412 6,222 9,495 15,098 22, 754 13, 791 41,603 13 341 2,336 2,437 4,977 435 258 729 141 19 43 47 86 354,816 101, 239 1,672 1,291 432 I 265 4 I o 8,732 23,977 8,816 1,800 432 10 145 5,984,499 1,729,963 58,076 122,214 269,247 123,332 81,874 10,334 29, 797 107, 767 43, 766 3,105 12,674,067 3,412,897 159,187 HrJ Q O w o o 82 REPORT OF THE COMPTROLLER. OF THE CURRENCY COMPARATIVE STATEMENT OF LOANS AND DISCOUNTS, INCLUDING REDISCOUNTS, MADE BY NATIONAL BANKS DURING LAST THEEE FISCAL YEARS The percentage of loans and discounts of national banks in the central reserve cities of New York and Chicago to the total loans and discounts of all national banks in the United States June 30, 1925, as well as similar information with respect to banks in other reserve cities, etc., is shown in the following statement, in comparison with like information for the fiscal years ended June 30, 1923 and 1924. [In thousands of dollars Loans June 30, 1923 Banks i n - .. - - Per cent Amount Per cent Amount 1, 827,033 15.46 2,009,100 16.77 2,084,305 16.45 - ]> 2,375,398 3,740,783 20.10 31.65 2,603,764 3,614,971 21.73 30.18 2,694,922 3,994,646 21.26 31.52 6,116,181 5, 701,490 51.75 48.25 6,218,735 5, 759, 993 51.91 48.09 6,689,568 5,984,499 52.78 47.22 11, 978, 728 100.00 12,674,067 100.00 ;- All reserve cities . _ States (exclusive of reserve cities) Total United States COMPARATIVE LOANS AND AND OTHER OF LAWFUL 30, 1921 June 30,1925 Amount New York Do Chicago Other resorv© cities June 30,1924 . . . 11,817, 671 100.00 Per cent CHANGES IN DEMAND AND TIME DEPOSITS, DISCOUNTS, UNITED STATES GOVERNMENT BONDS AND SECURITIES, AND THE AMOUNT RESERVE OF NATIONAL BANKS SINCE JUNE Demand and time deposits held by national banks June 30, 1925, were at the highest point during the existence of the national banking system. Demand deposits show an increase since June 30, 1924, of 8.72 per cent and time deposits an increase of 12.64 per cent. Loans and discounts show an increase of 5.8.0 per cent in the year; investments in United States bonds and other miscellaneous bonds and securities, an increase of 11.44 per cent; and the amount of lawful reserve with Federal reserve banks shows an increase of 10.69 per cent in the year. EEPOBT OF THE COMPTROLLER OF THE CITBEENCST 33 The percentage of increase or reduction of each of the resource and liability items referred to between fiscal years since June 30, 1921, is shown in the following statement: [In thousands of dollars] Per cent increase June 30, 1921 (+) Per cent increase (+) Per cent increase (+) Per cent increase (+) June 30, or de- June SO, or de- June 30, or de- June 30, or de1923 1924 1925 crease crease crease crease 1022 (-) (~) (-) since since since smee June June June June 30, 30, 30, eo, 1921 1924 1922 1923 I Demand deposits _ 8,709,825 9,152,415 +5.08 . 9,593,250 +3. zo 28 10,430,254! . +1.48 y, oya, xov i~<5. IU, <±ov» zot\+8. i - o72 . #a Time deposits. _. _ 3,695,806 4, 111, 951 +11. 26 4, 755,162 +15. 64 5, 259,933 +10. 62 5,924,658i+12,64 Loans and discounts *_ 12,004,515 1L "1,248,214 -6.3011,817,671 +5.06 11,978,728 +1.36112,674,067 +5.80 United States and other bonds, stocks, \ etc 4,025,081 4,563,325 +13.37 5,069,703 +11.10 5,142,328 + 1 . 43 5,730,444 4-11,44 Lawful reserve with \ Federal reserve ; banks j 1,040,205 1,151,605 +10. 71 1,142,736] - . 7 7 1,198,67 +4.89 1,326,864 +10. m i Includes rediscounts and customers' liability under letters of credit, XJFITED STATES GOYEEFMEFT SEOFBITIES HELD BY FATIOHAL BAFKS I F RESEBVS CITIES AND STATES Investments by national banks in United States Government securities June 30, 1925, aggregated $2,536,767,000, and exceeded the amount June 30, 1924, by $54,989,000. Exclusive of Victory notes held by these banks to the amount of $1,102,000, which are noninterest bearing, the holdings of these banks in Government securities were equal to 12.55 per cent of the interest-bearing debt of the United States on that date. Liberty loan bonds show an increase in the year of $37,519,000; war-savings certificates and thrift stamps, a reduction of $194,000; United States certificates of indebtedness, a reduction of $19,358,000; short-term Treasury notes, a reduction of $157,733,000; and all other issues of United States bonds, including 2 per cent consols of 1930 and Panama Canal bonds to the amount of $674,626,000, deposited to secure circulating notes5 show in increase in the year of $194,438,000. The amount of these securities held by national banks in reserve cities and States on the date indicated is shown in the statement following: 34 REPORT OF THE COMPTROLLER OF THE CURRENCY United States Government securities owned by national banks June 30, 1925 [In thousands of dollars] War savings Liberty certifiVictory cates loan bonds, notes and all issues thrift stamps Cities, States, and Territories United States Short- All other of certifi- term issues cates of Treasury United States indebt- notes bonds edness Tota CENTRAL RESERVE CITIES New York. Chicago «« . >_ . Total central reserve cities 217, 632 17,683 1 4 43,889 10 105,590 29,814 164, 568 9,830 531,679 57,342 235,315 1 4 43,899 135,404 174,398 589,021 2,365 274 4,921 511 159 51 5,326 29, 952 290 821 9,635 2,930 1,145 5,552 17,557 23,130 8,734 8,237 1,297 4,498 3,164 1,750 3,052 7,491 1,207 3,393 1,574 4,511 2,909 1,700 220 4,180 1,147 2,782 8,137 5,194 3,918 2,115 6,710 2,648 2,980 2,032 3,183 5,123 11,063 3,202 1,041 2,354 400 1,076 4,159 866 13, 606 770 2,891 1,000 1,386 40,917 9,057 5,904 12,047 46,501 119,552 26,330 18,682 3,449 10,797 7,982 2,966 4,815 18,552 2,784 8,380 4,098 11,351 4,849 2,455 419 7,412 1,443 3,709 19,947 16,128 7,794 3,600 9,733 11,634 5,620 17,689 4,367 10, 667 27,648 26,116 2,570 5,571 2,318 3,806 14,714 1,637 22,639 1,795 5,566 1,920 3,087 875 769 23,408 2,058 2,849 9,343 6,937 24,387 3,513 20,226 34, 716 4,705 40,175 1,210 3,912 OTHER RESERVE CITIES Boston Albany Brooklyn and Bronx _ Buffalo Philadelphia Pittsburgh Baltimore Washington . . Richmond Atlanta Jacksonville .. Birmingham New Orleans Dallas El Paso Fort Worth Galveston Houston ___ _ _ San Antonio Waco Little Rock Louisville .__ ._ Memphis . Nashville Cincinnati Cleveland Columbus. Toledo Indianapolis Chicago Peoria „ Detroit Grand Rapids Milwaukee Minneapolis St. Paul Cedar Rapids bes Moines Dubuque Sioux City Kansas City, Mo «.__ . St. Joseph St. Louis Lincoln . Omaha Kansas City, Kans *. Topeka WTichita Helena Denver Pueblo Muskogee. Oklahoma City Tulsa Seattle Spokane Portland Los Angeles Oakland San Francisco Ogden Salt Lake City i _ _ 23,996 5,342 4,600 6,294 21,586 65,465 14,728 9,349 2,012 6,217 2,380 1,114 750 5,525 1,427 4,721 1,462 2,738 1,772 755 174 2,902 296 927 7,938 7,240 3,532 1,435 1,897 7,227 1,872 13,710 785 3,185 10,139 10, 559 266 2,786 1,502 2,152 5,142 557 4,247 847 2,419 756 1,298 793 307 8,382 861 1,710 8,374 5,157 9,357 682 13,730 13,634 2,876 20,849 321 1,522 1 149 2,032 1,005 2,578 274 140 1 904 2 997 2,251 150 82 1, 534 100 16 3,285 893 40 266 1,058 3,204 128 8 25 25 297 4 923 1,169 166 4 5 5 337 187 325 350 9 444 3,595 1,900 100 1 949 ' 8 260 55 223 132 291 82 488 10 866 4,389 6 283 6,565 600 1,404 814 2, 944 2,525 174 50 789 1,563 443 1,597 399 1,915 2,851 10,455 1,263 331 416 577 4,464 214 4,526 123 33 32 112 941 7,256 98 6,090 101 456 272 6,593 541 960 558 905 7,809 2,825 5,272 7,261 1,131 11,832 788 1,120 190 7,937 646 179 411 9 2,832 Total other reserve cities 366,578 11 34 40,993 116,968 255,516 780,100 Total all reserve cities 601,893 | 12 38 84,892 252,372 429,914 1,369,121 REPORT OF THE COMPTROLLER OF THE CURRENCY 35 United States Government securities owned by national banks June 30, 1925—Con. War savings Liberty certifiVictory cates loan bonds, notes and all issues thrift stamps Cities, States, and Territories United other States Short- All of certifiterm issues United cates of Treasury States indebt- notes bonds edness Total COUNTRY BANKS Maine New Hampshire Vermont Massachusetts Rhode Island C o unecticut . . . 6,039 4,802 1,289 25,201 3,506 13,462 Total Eastern States.. 44,269 36,385 72,966 969 3,410 65 25 442 157,999 532 • Virginia West Virginia North Carolina South Carolina Georgia Florida Alabama Mississippi Louisiana Texas Arkansas Kentucky Tennessee „_ . . . . . ^_ . _ . . . . .._. __ - 64,233 Total Southern States Ohio Indiana --_Illinois _._ Michigan Wisconsin Minnesota Iowa _. Missouri - .... - _ - * . ._ Total Middle Western States..... North Dakota _ South Dakota .._ Nebraska _ Kansas. Montana Wyoming Colorado New Mexico.- . Oklahoma. _._„.. . _ „ ..... .... . . — Total United States, Alaska, and , ., .. . 6,601 6,267 4,625 21,607 6,124 12,870 13,869 11,885 6,015 54,887 9,961 29,383 6 1,504 12,097 58,094 126,000 4 49 31 3,854 1,515 5,470 111 243 6,443 7,906 15,148 77 563 41,129 29,694 76,890 1,227 4,570 95,764 75,574 170,947 2,384 8,786 84 11,193 30,137 153,510 353,455 834 814 55 173 550 686 811 68 452 4,314 903 918 81 19,647 11,064 9,492 7,003 5,934 4,037 8,953 3,259 3,015 29,400 4,701 12,886 10,959 27,956 19,513 15,390 11,378 8,382 14,105 12,790 6,146 4,154 52,048 10,826 18,938 12,825 •— 50 128 17 1 10 447 74 98 62 227 1,312 665 339 358 3,705 696 257 555 256 158 8,795 10,659 130,350 214,451 18 16 53 9 14 9 10 1 760 1,226 2,528 1,092 1,678 1,712 973 657 2,365 1,560 3,822 1,063 1,911 2,689 1,088 1,057 31,864 22,378 30,849 12,861 13,574 14,309 16,832 6,129 54,107 38,297 71,667 24,310 25,748 30,887 29,341 12,144 130 10,626 15,555 148,796 286,501 522 356 559 1,097 186 4,963 3,742 6,992 10, 025 3,149 2,548 4,629 1,345 8,138 14,106 10,925 11,220 18,987 10,076 5,574 11,571 3,674 27.095 71 114 4 48 205 25 1 279 1 4 14 2 10 1 1 3 17 120 8 487 777 607 446 763 1,230 205 1,078 144 1,126 7 27 3,335 6,376 45, 531 113,228 15 4 5 5 216 163 502 21 2,189 476 1,613 248 175 268 226 136 5,322 3,695 15,760 2,515 638 1,259 759 16,027 9,601 32,102 6,758 1,166 2,719 2, 637 1,345 4,888 29,948 71,010 1 16 785 14 262 1,049 201 515 1,952 201 :'- — = 36,798 79,913 777 3,001 567,006 1,167,646 996,920 2,536,767 2 1,236 2,021 Total (nonmember banks) TTfrwpii . , 7,844 6,220 3,223 7,090 5,511 2, 820 5,743 2,177 17, 324 34,799 Total Pacific States Alaska (nonmember banks)The Territory of Hawaii (nonmember 111,115 8,296 5,262 14, 207 3,974 527 1,059 1,474 . Total country banks-- 19,100 13,069 34,210 9.285 8,571 12,143 10,437 4,300 57,952 Total Western States Washington Oregon California Idaho.- . . . Utah Nevada Arizona-. 7,028 7,490 5,631 4,140 1,670 8,066 2,347 2,476 329 14,451 4,526 4,876 1,203 1,223 711 81 6,890 302 2,890 4 54,299 Total New England States New York New Jersey Pennsylvania.Delaware Maryland 5 104 20 1,185 29 161 1 1 2 - 482,418 1,090 421 1,084,311 1,102 459 121,690 332,285 86 REPORT OF THE COMPTROLLER OF T H E INVESTMENTS OF NATIONAL BANKS United States Government and other miscellaneous bonds and securities held by national banks June 30,1925, amounted to $5,730,444,000 and exceeded the amount in June, 1924, by $588,116,000. State, county, or other municipal bonds showed an increase in the year of $89,172,000; railroad bonds, an increase of $100,379,000; other public service corporation bonds, an increase of $97,679,000; and all other miscellaneous bonds, including claims, warrants, judgments, etc., showed an increase of $141,341,000. Foreign government bonds show an increase of $61,292,000; miscellaneous foreign bonds and securities, an increase of $37,108,000; and domestic stocks, including Federal reserve bank stock, increased $6,156,000. Comparison of the investments of these banks in the years ended June 30, 1924 and 1925, and classification of miscellaneous bonds and securities, with the total of Government securities, held by banks in reserve cities and States June 30, 1925, are shown in the following statements: [In thousands of dollars] June 30, 1924 Domestic securities: State, county, or other municipal bonds Railroad bonds Other public-service corporation bonds All other bonds „ Claims, warrants, judgments, etc Collateral trust and other corporation notes Foreign government bonds _ Other foreign bonds and securities. Stock, Feder&l reserve banks Stocks, all other Total United States Government securities.. Total bonds of all classes June 3®, 1925 505, 528 573,571 397,560 575,743 90,594 105,933 179,470 85,055 72,318 74,778 594,709 673,95® 496,239 698,235 90,548 124,828 240,762 122,163 74,488 78,764 2,660,550 2,481,778 3,193,677 2,536,767 5,142,328 5,730,444 United States Government, domestic, and foreign bonds3 securities, etc., owned by national banks June SO, 1925 [In thousands of dollars] Foreign government bonds Domestic securities Cities, States, and Territories United States Government securities State, county, or municipal bonds Railroad bonds Other public service corporation bonds 531,679 57, 342 97? 977 9,231 "312,639 2,915 589,021 107,208 40, 917 9, 057 5, 904 12,047 46, 503. 119 5*2 28,330 18, 682 8,449 10, 797 7, 982 2,966 4, 815 18,552 2,784 8,380 4,098 11,351 4,849 2,455 419 2,340 4,701 1,506 722 10, 256 3, 291 4,628 1,127 558 690 6,445 521 180 452 505 358 2B0 1,970 169 20 Stock Stock Claims, of other war- Judgcorpor rants, ments rations etc. Collateral 1 trust an d other corporation notes Bonds of Russian, German, or Austrian Governments Bonds of other foreign governments Other foreign bonds and securities, including those of municipalities Total bonds, stocks, securities, etc., other than United States Total all bonds and securities other bonds All of Federal reserve bank 30,940 2.799 74,592 15, 506 12. 525 2,543 21,535 1,571 404 1,489 18,988 2,118 2S924 40 25, 516 12,085 20,418 1,760 418, 508 52,007 950,187 109,349 115,604 33, 739 90,09S 15,068 23,106 1,843 21,106 2,964 37,601 22,178 470, 515 1,059,536 7,522 1. 583 3J167 1,494 29, 538 22,006 2.105 2,874 1,425 417 1,755 790 26 119 162 9,575 1, 774 1, 334 1,098 13, 672 6,324 % 039 2,714 103 101 1,597 247 8,375 3, 961 1,370 3, 715 14,502 28,469 4,185 3,944 826 1 145 1 517 983 242 1,544 9 787 508 1,847 1G5 580 2,482 225 131 144 2,751 1,749 688 465 376 315 109 99 144 447 56 207 72 356 194 74 29 14,838 665 98 20 2 184 328 377 1,683 146 1,738 * 709 3 266 1,137 124 109 401 118 2 24 10 71 12 3 327 300 284 255 83 12 15 29 1,015 173 126 5 14 3 2 6,956 2,298 537 1,023 11,347 15,271 614 382 347 14 20 6 108 116 311 193 2 720 59 379 8 3 60 5,027 625 258 796 4,133 3, 926 2,830 311 93 123 845 248 2,309 1,229 350 581 2,830 1,923 312 475 88 100 128 223 208 98 60,103 16,534 8,845 10,386 90,980 85, 795 17, 871 13,555 4,342 8,011 13,213 3,241 983 3,545 1,350 2,166 1.294 7, 699 1,247 995 115 101, 020 25, 591 14, 749 22,433 137, 481 205,347 44,201 32,237 7,791 13, 808 21,195 6,207 5,798 22,097 4,134 10,546 5,392 19,050 6,096 % 450 534 CENTRAL RESERVE CITIES New York Chicago.-. ____. __ Total central reserve cities OTHER RESERVE CITIES Boston _ .. Albany. _ Brooklyn and Bronx _ Buffalo _ Philadelphia _ Pittsburgh Baltimore „__ . Washington Richmond.... A tlanta Jacksonville Birmingham New Orleans Dallas „ _ El Paso.____ Fort Worth Galveston Houston.. _„_„ San Antonio ._ Waco . Little Rock._____ __. . __ . ... _. _ 140 533 223 120 339 30 266 171 359 139 SO 81 78 10 16 3 1 52 16 25 616 33 11 180 43 617 25 172 45 347 United States Government, domestic, and foreign bonds, securities, etc., owned by national banks June SO, 1925—Continued CO 00 [In thousands of dollars] Foreign government bonds Domestic securities Cities, States, and Territories \ United State, States county, Governor ment municsecuriipal bonds Railroad bonds Other public service corporation bonds 2,398 1,264 337 2,514 4,502 1,515 421 412 315 1,789 Stock Stock Claims, All of other warJudgother Federal ofcorpoments bonds reserve rations tants, etc. bank Other foreign bonds Bonds and seCollat- of Ruscurities, eral sian Bonds includtrust Gerof ing and man, other those other or Aus- foreign of corpo- trian govern- municiration Gov- ments palities notes ernments Total bonds, stocks, securities, etc., other than United States Total all bonds and securities OTHER RESERVE CITIES—continued Louisville.Memphis _ Nashville...Cincinnati Cleveland Columbus Toledo Indianapolis Chicago Peoria.. Detroit Grand Rapids _._ _ Milwaukee _ _. Minneapolis St. Paul _ Cedar Rapids__ DesMoines.-Dubuque Sioux City Kansas City, Mo St. Joseph St. Louis Lincoln Omaha Kansas City, Kans Topeka __ Wichita Helena ._. 7,412 1,443 3,709 19,947 16,128 7,794 3,600 9,733 11,634 5,620 17,689 4,367 10, 667 27,648 26,116 2,570 5,571 2,318 3,806 14,714 1,637 22, 639 1,795 5,566 1,920 3,087 875 1,363 344 605 7,152 1,135 3,588 203 1,424 5,446 1,297 9,738 281 1,479 4,805 538 1,169 704 933 521 3,604 15 15,316 329 3,085 290 2,728 6,955 797 3,212 396 1,461 4,642 2,577 234 565 135 179 530 216 6,004 406 2,660 41 10 7 17 3,156 904 238 978 5,745 639 1,998 353 2,373 911 742 2,235 686 390 71 400 43 4,858 405 724 24 13 47 2,397 51 694 3,171 4,621 2,259 430 1,587 5,772 1,278 2,757 1,191 2,390 2,091 2,272 689 1,443 667 665 2,176 200 5,897 843 1,509 291 41 14 77 268 63 206 601 238 319 45 281 175 160 510 102 464 581 282 51 117 30 82 356 62 1,113 77 288 39 55 110 23 183 4 60 53 81 179 61 543 117 22 95 65 371 80 7 25 618 4,729 2 25 133 423 32 1,340 199 48 5 1 206 221 22 1,366 277 84 118 370 2,600 7 894 121 22 24 67 308 297 396 200 300 157 104 1,764 15 1,684 160 33 621 205 91 314 115 178 23 26 19 4 69 53 1 10 219 58 208 2,874 2,264 555 167 185 1,063 869 5,511 451 607 2,531 1,192 112 105 2 5 9 149 30 255 310 451 2,508 548 523 235 114 28 552 300 47 25 43 3 271 143 23 595 254 130 105 426 419 312 50 212 307 1,199 924 25 9 50 37 212 1,866 75 596 22 33 13,157 522 2,941 21,663 16,373 9,927 1,850 24,511 5,415 25,648 3,331 9,994 17,768 9,368 4,543 4,490 2,205 2,230 1,050 40,735 3,236 9,813 755 3,099 7,138 1,036 20,569 1,965 6,650 41,610 32,501 17,721 5,450 16,623 36,145 11,035 43,337 7,698 20,661 45,416 35,484 7,113 10,061 4,523 6,036 23,012 2,687 63,374 5,031 15,379 2,675 6,186 8,013 1.805 2 to Denver Pueblo_ _ Muskogee Oidahoma City Tuisa Seattle Spokane Portland Los Angeles Oakland . San Francisco Ogdem . -. Salt Lake City Total other reserve cities Total all reserve cities 1 _. _ _. 23,408 2,058 2,849 9,343 6,937 24,387 3,513 20,226 34,716 4,705 40,175 1,210 3,912 10- 672 i; 171 55 3,755 630 5,609 376 5,590 6,113 1,295 5,015 119 917 2,596 798 780,100 3,782 932 209 222 592 348 1,155 119 250 521 6 345 1,129 59 23 21, 214 34,333 18,545 234,992 36,282 57,439 16,324 4,998 5,281 33,647 7,194 8,921 8,976 3,002 4 206 28,958 2,331 6,980 389 296 231 1,550 342 1,091 142 84 106 1,157 160 475 50 96 2,661 530 2,018 1,157 • 55 1,271 116 440 1,889 888 24264 222 1,068 690 763 1,052 174 785 85 305 3,461 434 48 313 897 1,283 448 2,279 4,750 33 3,997 203 560 302 53 37 165 191 268 106 286 708 82 1,086 35 84 157,038 127,823 81,432 144,894 1,369,121 264, 246 243,427 115,171 13,869 11,885 6,015 54,887 9,961 29,383 2,699 430 152 4,438 1,876 1,883 6,047 2,481 2,958 17,365 1,571 11,248 454 13 50 266 137 141 288 1,296 22 50 116 34 12 35 1,065 38 6 24 16 36 15 6 19 10 15 390 117 106 199 149 2,366 450 2,062 599 58 1,607 1,315 57 94 324 161 1,424 387 20 902 12 20 23,104 3,765 579 5,520 2,963 14,877 3,040 14,997 16,633 1,723 18,925 570 3,704 46,512 5 823 3,428 14,8C3 9,900 39, 264 6,553 35, 223 51,349 6 428 59,300 1 780 7,616 48 87 16 151 1,226 50,493 2,449 52,362 23,847 715, 656 1,495, 756 20,388 1,226 71,599 5,413 89, 963 46,025 1,186,171 2,555, 292 17 42 168 199 40 94 1 25 1,799 520 781 5,957 2,501 1,616 35 27 73 134 5 63 3,738 790 1,592 6,507 585 4,172 42,476 13,182 16,727 104,476 17, 219 38, 335 56,345 25,067 22 742 159,363 27,180 67,718 COUNTRY BANKS Maine New Hampshire— _ Vermont Massachusetts Rhode Island Connecticut Total New England States New York New Jersey.. . Pennsylvania Delaware Maryland Total Eastern States Virginia „ West Virginia North Carolina South Carolina Georgia _ ._ Florida Alabama Mississippi « . Louisiana Texas „ „ „ Arkansas Kentucky ._ Tennessee . Total Southern States-- _- _, 2,309 512 1 179 4,539 614 1,792 126,000 11,478 41,670 76,365 54,453 3,899 2,124 560 26 13,174 337 17,384 10,945 232,415 358,415 95,764 75, 574 170,947 2,384 8,786 26,841 37,625 30,478 775 2,282 95,354 73,370 145,852 2,007 6,657 68,490 41,684 88,401 2,036 7,987 70, 234 45,404 118, 681 1,005 8,394 2,878 2,340 6,049 114 335 1,963 1,096 3,865 46 199 1,211 1,002 814 53 36 2,294 86 155 9,103 3,521 11,055 359 614 826 406 1,007 22 86 27, 792 15,380 28,755 556 2,253 16,815 8,191 18,151 149 1,048 321, 560 230,055 455, 402 7,069 30,096 417,324 305, 629 626, 349 9,453 38,882 353,455 98,001 323, 240 208,598 243,718 11,716 7,169 3,113 2,538 24,652 2,347 74,736 44, 354 1,044,182 1,397,637 27,956 19, 513 15,390 11,378 8,382 14,105 12,790 6,146 ^ 154 52,048 10,826 18,938 12,825 3,771 1,229 1,753 2, 111 343 8,083 3,849 7,736 1,529 3,729 1,863 1,613 1,506 1,369 1,772 53 828 263 3,992 1,927 752 14 900 12 1,863 283 1,649 2,635 67 656 311 4,556 859 395 117 971 57 1,794 442 5,179 6,160 870 1,476 439 4,393 2,685 1, 238 457 3,120 914 3,286 1,927 1,256 742 686 499 412 39 72 159 353 702 725 450 241 2,050 1,061 1,376 843 48 124 56 6 4 813 91 486 237 74 32 349 540 239 278 2,201 311 701 557 902 504 342 681 248 589 242 60 617 371 82 168 205 77 205 72 42 84 91 47 215 24 298 105 623 101 131 57 6 31 15 11 84 26 14 106 21 9 1,398 1,705 67 232 319 2,825 913 700 21 855 68 1,128 545 343 803 16 203 57 879 120 195 2 392 30 183 193 16,944 16,007 4,062 6,914 2,835 27,283 12,082 12,006 3,391 15,198 4,575 12, 798 6,695 44,900 35, 520 19, 452 18,292 11, 217 41,388 24, 872 18,152 7,545 67, 246 15 401 31,736 19,520 214,451 39,115 14,028 14,509 32,144 8,842 5,011 8,483 1,622 2,333 511 10,776 3,416 140,790 355, 241 United States Government domestic^ and foreign bonds, securities, etc., owned by national banks June SO 1925—Continued [In thousands of dollars] Foreign government bonds Domestic securities State, United States county, Governor ment municsecuriipal ties bonds Other foreign bonds Bonds and seCollat- of Russian, Bonds curities, eral includGertrust of ing man, and other other or Aus- foreign those of corpo- trian govern- municiGov- ments palities ration ernnotes ments Total bonds, stocks, securities, etc., other than United States Total all bonds and securities Railroad bonds Other public service corporation bonds All other bonds Stock of Federal reserve bank 30,590 8,441 24,325 21, 575 11,110 14,093 2,407 3,882 8,859 7,959 7,409 6,604 4,739 5,735 1,193 586 6,640 9,378 13,356 10,221 11,363 6,086 3,557 753 27,433 9,665 19,150 17,788 12,702 10,736 4,312 1,472 1,988 1,170 1,818 724 789 917 914 324 940 348 978 149 320 209 717 142 327 313 6,088 721 447 7,309 2,884 459 217 182 975 150 69 365 836 44 2,161 1,670 4,286 952 1,432 881 127 19 353 141 282 98 129 139 32 16 7,159 3,678 47163 4,584 3,011 3,974 1,011 505 3,810 1,206 2,145 3,000 1,252 1,704 487 96 190,477 44,151 84, 975 66, 566 47,363 52,148 18, 477 8,298 144,584 82,448 156, 642 90,876 73, 111 83,035 47,818 20,442 Total Middle Western States.... 286, 501 116,423 Cities, States, and Territories COUKTRY BANKS—Continued Ohio Indiana •_ Illinois Michigan _ Wisconsin. Minnesota Iowa Missouri .. Wyoming Colorado.. New Mexico . Oklahoma . i . . North Dakota , South Dakota Nebraska. „ Kansas __ Montana . . . . . Total Western States Washington.. Oregon California. _ . Idaho Utah Stock Claims, of other war- Judgcorpo^ rants, ments rations etc . . 54,107 38,297 71,667 24,310 25,748 30,887 29,341 12,144 43,084 61,354 103,258 8,644 3,803 18,548 2,838 11, 528 1,190 28,085 13,700 412, 455 698,956 14,106 10,925 11,220 18,987 10,076 5,574 11,571 3,674 27,095 1,502 686 634 6,032 1,932 649 3,864 281 8,177 976 576 561 354 697 288 798 17 233 2,076 1,183 705 325 $79 359 1,804 47 675 1,953 1,482 1,478 1,151 917 651 2,996 243 952 294 228 395 629 238 134 331 05 658 58 48 75 224 139 78 639 38 138 2,292 2,019 1,030 2,259 2,494 707 1,667 205 7,236 146 122 244 238 110 64 106 17 4S3 15 98 54 240 50 10 302 154 7 4 20 9 1,288 693 495 685 760 283 373 25 9 499 669 85 129 86 263 49 68 17 71 11,423 7,227 5,804 12,243 8,433 3,272 13,011 960 19,156 25,529 18,152 17,024 31,230 18, 564 8,846 24, 582 4,634 46,251 113,228 23,757 4,500 8,113 11,820 3,002 1,437 19,909 1,530 794 204 o,08X 1,437 81,584 194,812 16,027 9,601 32,102 6,758 6,456 4,658 27,156 781 227 1,598 305 1,816 27 13 2,177 705 7,872 169 79 5,390 1,130 9,629 302 91 373 291 1,098 170 85 140 101 1,025 169 21 1,800 2,260 2,509 1,933 61 120 202 46 217 7 398 64 207 45 7 19 6 2,055 722 1,630 125 14 1,131 311 715 28 3 21,683 10,756 53, 722 3,927 556 37,710 20,357 85,82410,685 1,722 1 'Nevada. __ Arizona Total Pacific States Alaska (nonmember banks) The Territory of Hawaii (nonmember banks) Total (nonmember banks) Total country banks __ Total United States, Alaska, and Hawaii . 2,719 2,637 818 576 117 80 55 22 384 262 61 75 157 168 •9 535 71,010 40,672 3,956 11,079 17,188 2,103 1,781 9,112 1,049 32 45 50 147 1,952 976 14 I 23 629 68 14 88 10 1,771 1,844 4,490 4,481 77 4,628 2,288 94,259 165,269 5 25 79 748 26 515 304 1, 353 1,517 3,469 1,821 3,001 1,008 45 50 662 5 25 1,167,646 330,454 430, 523 380,068 463,243 38,206 21,325 59,751 9,183 53,229 4,671 140, 715 76,138 2,007,506 2,536,767 594,700 673,950 495,239 698, 235 74,488 78,764 80,139 10,409 124,828 10, 084 230,678 122,163 3,193,677 26 4,822 3,175,152 I 5,730,444 n o o Q 3 42 REPORT OF THE COMPTROLLER OF THE CURRENCY SAVINGS DEPOSITOES AND DEPOSITS I F NATIONAL BANKS Savings deposits reported by national banks June 30, 1925, aggregated $4,558,899,000 and exceeded the amount in June, 1924, by $319,691,000. The number of depositors was increased in the year from 11,070,223 to 11,867,948, the number of banks reporting these deposits was 3 less than a year ago, and the number of banks maintaining separate savings departments showed an increase of 93. The average rate of interest paid on these deposits, 3.64 per cent, compares with 3.68 per cent a year ago. The number of savings depositors, the amount of savings deposits, and other related data reported by banks in reserve cities and States are shown in the following statement: Savings depositors and deposits in national banks June 80, 1925 Cities, States, and Territories Number of banks Number maintainAmount of Average of banks ing sepa- Number savings of rate of reporting deposits rate savings interest savings savings (000 depositors paid deposits departomitted) ments CENTRAL RESERVE CITIES New York Chicago Total central reserve cities OTHER RESERVE CITIES Boston Albany Brooklyn and Bronx Buffalo Philadelphia Pittsburgh Baltimore Washington.... Richmond Atlanta — Jacksonville...— Birmingham Dallas El Paso Fort W o r t h . . . Galveston Houston San Antonio Waco.._ Little Rock.... Louisville.. Memphis.. Nashville.. Cincinnati Cleveland Columbus Toledo.. Indianapolis Chicago Peoria Detroit Grand Rapids Milwaukee Minneapolis _ St. Paul Cedar Rapids Des Moines Dubuque _ Sioux City Kansas City, Mo St. Joseph St. Louis Lincoln Omaha. __. Kansas City, Kans .___ ._ _ _ _ 26 10 26 7 467,503 81,638 159,116 15,112 3.45 3.00 36 33 649,141 174,228 3.23 12 3 2 4 24 13 10 12 6 3 3 2 5 3 6 4 10 4 5 3 4 2 5 7 3 7 1 4 18 4 3 3 7 7 4 2 1 2 5 6 3 10 5 7 1 9 3 2 2 24 8 10 12 6 3 3 2 5 3 6 4 10 4 4 2 4 2 5 7 2 7 1 3 14 4 3 2 7 6 4 2 2 4 5 3 9 4 6 1 190,722 10,292 6,752 37,455 144, 789 95,387 33,068 84,066 72, 218 59,681 42,962 39,662 27,090 13,727 24,765 18,164 53, 305 4,875 8,274 3,586 54, 743 8,608 26,630 40, 293 64,286 32,585 4,914 8,229 174,776 22,793 7,190 35,764 98,150 135, 605 50,172 13, 561 10,072 8,955 22,075 20,701 8,971 158, 548 20, 791 65,200 2,400 97,431 11, 541 3,399 22,905 55, 416 60,917 17,056 29,880 20,508 15, 418 24, 510 13,803 13, 261 5,504 8,784 11,420 25,109 3,815 4,541 1,115 15,248 3,379 13, 011 21,978 34,433 6,588 4, 352 2,741 42,653 8,265 34, 528 12,336 29,828 37,956 19,524 6,219 3,232 3,743 5,006 3, 278 5,778 39,949 3,717 7,615 539 3.98 3.42 3.50 4.00 3.75 4.00 3.90 3.15 3.00 3.50 3.25 4.00 3.90 3.00 4.00 4.00 4.00 3.63 4.00 4.00 3.25 3.00 3.50 4.00 4.00 3.00 3.00 3.00 3.00 3.00 3,00 3.25 2.93 3.50 3.38 4.00 4 00 3! 50 3.70 3.00 400 3.03 4.00 3.14 3.00 REPORT OF THE COMPTROLLER OF THE CURRENCY 43 Savings depositors and deposits in national banks June 80, 1925—Continued Number of banks Number maintainAmount of Average of banks ing sepa- Number savings of rate of reporting deposits rate savings interest savings savings (000 depositors paid deposits departomitted) ments Cities, States, and Territories OTHER RESERVE CITIES—continued 3 4 1 9 2 3 8 6 8 4 6 12 2 3 2 3 Topeka Wichita Helena Denver Pueblo Muskogee Oklahoma City. Tulsa Seattle Spokane _ Portland Los Angeles Oakland „ San Francisco Ogden Salt Lake City 3 4 1 9 1 2 7 6 8 4 5 5 1 3 1 2 3,456 13,167 2,275 100,937 4,410 5,815 21,394 23,738 84,503 37,155 92,119 57, 926 5,230 25,941 3, 591 16,973 351 2,233 1,177 48,920 3,725 1,936 6,401 7,922 28,314 14,567 37,904 70,420 2,727 22,266 1,081 4,224 3.00 4.00 4.00 3.61 4.00 4.00 4.00 4.00 3.00 4.00 3.50 3.50 4.13 4.00 4.00 4.00 Total other reserve cities 331 291 2, 565,482 1,066,397 3.59 Total all reserve cities 367 324~ 3,114,623 1, 240,625 3.41 51 23 39 115 5 40 45 16 27 106 5 35 170,144 46,753 60,524 447,306 23,516 148,849 75,213 14,210 28,149 175,715 13,141 65,170 3.94 3.00 4.00 4.01 4.17 4.00 273 234 897,092 371,598 3.85 451 262 766 15 72 374 235 541 12 64 969,121 757,498 1,633,674 11,515 109,727 477,855 331,888 622,817 7,012 59,482 3.87 3.75 3.50 3.98 3.72 1,566 1,226 3,481,535 1,499,054 3.76 169 115 75 72 66 53 80 23 26 162 56 86 79 135 89 59 59 47 43 53 20 14 87 36 66 49 273,793 169, 560 135,078 92,267 61,734 80,601 78,123 36,575 35,532 70,134 36,277 80,128 107,841 103,592 55; 879 42,933 48,346 20, 587 34,419 33,625 17,873 15,450 29,123 15,137 31,233 40,343 3.75 3.75 4.00 4.25 4.00 4.00 4.00 4.00 4.00 3.93 4.00 3.69 3.75 1,062 757 1,257,643 488,540 3.93 199 393 118 147 293 233 68 206 157 239 92 91 175 166 39 460,664 261,275 469,210 347,276 326,880 245,217 168,036 54,412 132,747 79,407 142,229 125,299 91,218 65,950 49,590 11,331 4~00 3.58 3.46 3.25 3.26 3 90 4.22 3.38 1,742 1,165 2,332,970 697,771 3.63 COUNTRY BANKS Maine New Hampshire Vermont.. Massachusetts Rhode Island Connecticut . Total New England States New York New Jersey Pennsylvania Delaware Maryland _ - Total Eastern States Virginia West Virginia North Carolina South Carolina Georgia Florida Alabama Mississippi Louisiana Texas > Arkansas Kentucky Tennessee __. „ _ Total Southern States Ohio.... Indiana Illinois-_> Michigan Wisconsin Minnesota Iowa Missouri Total Middle Western States 29T _?__ . 44 REPORT OF THE COMPTROLLER OF THE CURRENCY Savings depositors and deposits in national banks June SO, 1925—Continued Number of banks reporting savings deposits Cities, States, and Territories Number of banks maintain- Number of ing sepasavings rate savings depositors departments Amount of savings deposits (000 omitted) Average rate of interest paid COUNTRY BANKS—continued North Dakota South Dakota Nebraska Kansas Montana Wyoming Colorado New Mexico Oklahoma _ _ - - -- Total Western States Washington Oregon.. California Idaho - . _ . Utah Nevada . Arizona . -. _ Total Pacific States . Alaska (nonmember banks) The Territory of Hawaii (nonmember banks) Total (nonmenber banks) Total country banks „ ... . Total United States, Alaska, and Hawaii. __ 118 97 104 158 64 27 114 21 179 68 5o 72 111 42 16 77 21 107 46,779 35,347 44,229 70,623 34,148 22,047 59,360 9,797 44,738 13,691 9,730 6,078 10,618 15,874 8,249 19,414 3,016 8,326 4.50 4.42 4.25 3.78 4.43 4.24 4.09 4.1® 4.03 882 570 367,068 94,996 4,19 99 75 213 55 14 8 17 60 52 111 33 7 5 11 107, 237 51,450 189, 544 32, 795 10,997 6,906 14, 661 38,272 16,124 87,426 8,793 3,051 5,707 5,740 4.0* 3.5® 4.08 4. Of 4.0* 4.0t 4.0« 481 279 413, 590 165,113 3.9S 3 1 2 1 1,387 2,040 864 338 3.63 4.0* 4 3 3,427 1,202 3.8* 6,010 4,234 8,753,325 3,318,274 3.8* £,377 4,558 i 11,867,948 4,558,899 3.64 PER CAPITA INDIVIDUAL AND SAVINGS DEPOSITS IN ALL REPORTING BANKS The total individual deposits in all reporting banks in the continental United States, Alaska, and the insular possessions were $46,765,942,000, June 30, 1925, of which amount $18,008,576,000 were savings deposits or deposits in the interest or savings departments of the banks. The per capita individual deposits, based upon an approximate population of 126,691,000, were $369.13, and the per capita savings deposits were $142.15. Statement showing the population, amount of individual deposits, per capita individual deposits, amount of sayings deposits, and per capita savings deposits reported by all banks in each State, the District of Columbia, Alaska, and the insular possessions follows: 45 REPORT OF THE COMPTROLLER OF THE CURRENCY Per capita individual and savings deposits in all reporting banks, June S0} States and Territories Maine New Hampshire.. VermontMassachusetts Rhode Island Connecticut Total New England States New York New Jersey _. Pennsylvania Delaware Maryland District of ColumbiaTotal Eastern States.. Virginia West Virginia.-. North Carolina. South CarolinaGeorgia Florida Alabama.--. Mississippi Louisiana Texas Arkansas Kentucky Tennessee Total Southern States. Ohio Indiana Illinois-_... Michigan... Wisconsin.. Minnesota.. Iowa Missouri Total Middle Western States.. North Dakota.. South Dakota. Nebraska....... Kansas Montana Wyoming Colorado New Mexico.... Oklahoma,. Total Western StatesWashington . Oregon. California... Idaho__ Utah „_ Nevada Arizona. Total Pacific States.. Alaska The Territory of Hawaii. Porto Rico Philippines Total Alaska and insular possessions Population (approx.) Individual deposits Per capita individual deposits 778, 000 $355, 332, 000 $456. 72 452, 000 508.99 230, 063,000 355, 000 564.63 200,443, 000 771.37 4,205, 000 3,243,612,000 433., 584, 000 670.11 647, 000 952, 984, 000 620.84 1, 535, 000 7,972, 000 j 5,415,988, 000 Savings deposits $263, 619, 000 188, 806, 000 172, 585, 000 1,890,126, 000 282, 510, 000 671,371, 000 $338.8i 417. 71 486.15 449,49 436.6S 437.38 679.38 ! 3,469,017,000 435.1$ II, 650, 000 12, 012, 743,000 1, 031.14 3, 740, 000 1,809, 731, 000 483.89 9, 200, 000 4,309,154,000 468.39 96, 540,000 414, S3 233, 000 419.43 668,988, 000 1, 595, 000 438.39 479, 000 209,990, 000 4, 290,447, 000 1,021,917,000 1,964,216,000 49, 094,000 377, 776,000 74, 327, 000 26,897, 000 19,107,146, 000 710.38 7, 777,777. 000 411,651,000 331,441,000 318,353. 000 194, 328; 000 308,408, 000 514, 207,000 234, 506, 000 189, 201,000 358,194,000 863,690, 000 194,027,000 386, 905,000 366,390, 000 168.71 205.39 113.90 107.96 103.75 469.60 96.11 105.64 190. 53 171. 54 105.11 155.57 152.09 155, 589,000 99, 618, 000 85, 0(53, 000 81,663,000 86.142, 000 108, 709,000 86, 239,000 41,619,000 94, 533,000 108,686, 000 36,964,000 80,808,000 124,322,000 2,440,000 1, 5G5, 000 2, 795, 000 1,800, 000 3, 081,000 1, 095,000 % 440, 000 1, 791, 000 1,880, 000 5,035,000 1,846, 000 2,487, 000 2,409, 000 30,614, 000 6, 255, 000 3,075,000 6, 960, 000 4,105,000 2,885,000 2, 578, 000 2,513, 000 3,434,000 Per capita savings deposits 868.2$ 273,24 213.5« 210,7§ 236.86 155.IT 63. 7T 63.61 30.41 45. m 28.4B 99. SI 35.34 23.24 50.28 21.59 20. If 32.41 51.61 4,661,301, 000 152. 26 1,189,955,000 2,271,164, 000 770, 647, 000 3,225,451, 000 1, 596, 308,000 797, 534, 000 916, 268,000 894,315, 000 1,140, 647,000 363.10 250.62 463.43 388.87 276.44 355. 42 355. 88 332.16 982,351, 000 210, 074,000 i 1, 057,172, 000 171, 807, 000 252, 718,000 244, 222. 000 442, 529,000 61,317,000 157. fS 68.31 151. 89 41.8* 87.61 94. n 176.It 17.8* 3,422,190,000 38.8T 31,805,000 11,612,334,000 682,000 667,000 1, 344,000 1, 845,000 638,000 222,000 1,013, 000 380,000 2, 240, 000 160,512, 000 178, 446, 000 438, 553, 000 413,911,000 128, 222, 000 53,249, 000 289,146, 000 28, 575, 000 376, 562, 000 235.35 267. 54 326. 30 224. 34 200. 97 239. 86 285.44 75.20 168.11 12, 624,000 13,467,000 27, 70S, 000 12, 736,000 23,162,000 9, 525, 000 91,614,000 3,196, 000 34,451, 000 107. i t 18. SI 20. I t 20.03 6.9i 36. 3t 42,9i 90. U 8,41 15.3$ 9, 031, 000 I 2, 007,176, 000 228.90 228,483,000 I 25.3t 5.11 1, 487, 000 840,000 3, 996, 000 485, 000 493, 000 77, 000 407, 000 7, 785, 000 I 3, 723, 550, 000 478. 30 1, 873, 262,000 240.62 91, 000 281, 000 1,345, 000 10, 870, 000 9, 674, 000 64,129, 000 36, 729, 000 67, 905, 000 106.31 228. 22 27.31 6. 25 3, 421, 000 24, 011, 000 11,843,000 8. 617,000 37.51 85. 4S 8.81 .79 12, 587, 000 178, 437, 000 14.18 47, 892,000 3.8t 46, 705, 942, 000 | 369,13 18, 008, 576,000 142. IS Total United States, Alaska, and insular possessions j 126, 691, 000 NOTE.—Individual deposits include postal savings and all other demand and time deposits. Savings deposits include only deposits in the interest or savings departments of banks and do not include postal savings. 46 EEPORT OF THE COMPTBOLLER OF THE CURRENCY EARNINGS, EXPENSES, AND DIVIDENDS OF NATIONAL BANKS The gross earnings of national banks in the year ended June 30, 1925, amounting to $1,124,097,000, were $49,538,000 in excess of the earnings in the year ended June 30, 1924. Interest and discount collected in the last year exceeded the amount in the prior year by $10,582,000; domestic exchange and collection charges showed an increase of $1,426,000; foreign exchange department profits, an increase of $5,351,000; trust department profits, an increase of $892,000; and other miscellaneous earnings, an increase of $31,287,000. Total expenses incident to operation of these banks showed an increase over the prior year of $32,670,000. The principal item of expense was on account of salaries and wages, which exceeded the amount a year ago by $7,758,000; interest and discount paid on account of borrowed money showed a reduction of $12,830,000; interest on deposits, an increase of $35,646,000; taxes paid, a reduction of $550,000; and other miscellaneous expenses, an increase of $2,646,000. Losses charged off during the year amounted to $141,134,000 and were less than the amount charged off in the prior year by $6,170,000. Losses on loans and discounts showed a reduction in the year of $7,262,000; on bonds and securities, an increase of $659,000; trust department losses were reduced $233,000 and other miscellaneous losses were increased $666,000. After payment of all expenses the net earnings during the year, plus recoveries on charged off assets, amounted to $365,069,000, and exceeded the net earnings of the previous year by $22,059,000. After charging off the losses enumerated the net addition to profits during the year was $223,935,000, or $28,229,000 greater than in the previous year. Dividends declared in the year amounted to $165,033,000, exceeding the amount in the prior year by $1,350,000. The percentage of dividends to capital was 12.05, dividends to capital and surplus was 6.63, and net addition to profits to capital and surplus was 9. Comparison of the net earnings, expenses, and dividends of national banks m fiscal years ended June 30, 1924 and 1925, and summaries showing this information with respect to banks in reserve cities and States and by Federal reserve districts in the year ended June 30, 1925, follow: BEPOBT OF THE COMPTROLLER OF THE CURRENCY 47 Earnings, expenses, and dividends of national banks for the fiscal years ended June 30, 1924 and 1925 [In thousands of dollars] June 30, 1924 (8,085 banks) Capital stock Total surplus fund Dividends declared _ June 30, 1925 (8,070 banks) 1,334,011 1,080,578 163,683 1,369,385 1,118,953 165,033 965,876 15,402 7,222 976,458 16,828 12,573 994 5,059 80,006 1,158 5,951 111, 129 1,074,559 1,124,097 210,315 26, 537 338,345 66,348 124,499 218,073 13,707 373,991 65,798 127,145 766,044 798,714 Net earnings during the year Recoveries on eharged-off assets. Total. 308,515 34,495 325,383 39,686 343,010 365,069 Losses charged off: On loans and discounts On bonds, securities, etc — On trust department operationsOther losses.. On foreign exchange 102,814 24,642 855 17,543 1,450 95,552 25,301 622 17,876 1,783 147,304 141,134 195,706 223,935 _ _ _ Gross earnings: Interest and discount .-. Domestic exchange and collection charges Profits of foreign exchange department Commissions and earnings from insurance premiums and the negotiation of real estate loans _ , Trust department profits Other earnings Total. Expenses paid: Salaries and wages Interest and discount on borrowed moneyInterest on deposits Taxes _ Other expenses Total. Total Net addition to profits during the year.. Abstract of reports of earnings and dividends of national banks for the year ended June SO, 1925 00 [In thousands of dollars] Expenses Gross earnings Number of Capital banks Surplus Capital and surplus 58 54 46 144 12 17 62 7,370 5,240 5,060 28,767 45,450 6,320 20,002 5,716 4,637 2,908 25, 381 37, 275 5,340 16, 679 13,086 9,877 7,968 54,148 82, 725 11, 660 36,681 6,379 3,179 3,029 23,107 25,943 3,280 11,321 393 118, 209 97,936 216,145 76,23S 488 3 5 4 33 265 821 32 14 18 74 10 13 52,490 3,350 2,200 2,950 180, 3f;0 40,973 85,484 29,105 28, 550 1,735 5,179 12,100 9,427 44,415 4,150 2,200 1, 950 236,135 38,180 119, 989 63, 280 29, 750 2,052 6,251 10, 830 5,913 Total E astern States 1,780 453,893 565,095 1,018,988 371,702 23, 979 6,300 13, 416 14, 003 4,179 9,768 Location Maine New Hampshire... Vermont Massachusetts Boston •Rhode Island Connecticut Total New England States New York Albany Brooklyn and Bronx. Buffalo New York City New Jersey Pennsylvania - -. Philadelphia JPittshurph Delaware M. ar viand.. Baltimore Washington, D. C Virginia. Richmond West Virginia 175 6 124 17, 786 6,240 11, 756 ExInterest changes and and coldis- lection count charges 96,905 48, 27S 3,861 7, 500 2,500 4,400 3,255 4,900 416, 485 133,650 79,153 36, 560 205, 473 75,120 92, 385 28,932 58,300 20,715 1,071 3,787 5,340 11,430 6,830 22,930 5,590 15,340 41,765 12, 540 25,172 Commissions and Profits earnings from of for- insurance eign ex- premiums change and the depart- negotiament tion of real estate loans 31 54 21 163 140 18 77 3 5 6 24 865 12 25 504 Other Total exexpenses penses paid Total gross earnings 153 734 457 280 2,911 7,338 442 1,347 7,154 3,701 3,838 26, 253 34, 676 3,752 12,923 1,006 815 595 4,424 5, 751 584 2,598 68 104 86 262 341 16 72 3,258 798 1,154 10,205 11, 831 1,403 4,172 325 193 268 1, 200 1,244 175 838 669 567 317 2,960 3,683 414 1,409 91, 797 .7 6 o Interand Sala- estdisInterries count est on Taxes and on bor- deposits wages rowed money Trust depart- Other ment earnprofits ings • 46 390 5,326 2,477 2,420 19,051 22, 850 2,592 9,089 940 2 604 13,509 15,773 949 32,821 4,243 10,019 63, 805 21 * 377 19 15 31 10 3,202 7,979 149 66 487 106 104 607 61 232 7 20 64 24 51 9 196 58 22 4 65 5,904 288 287 361 23, 050 4,765 7,868 2,536 4,485 46 316 699 924 54. 785 9,130 644 4,228 582 2,829 527 3,657 170,097 28,805 7,202 41,820 83,860 13, 641 5,569 32,216 25,493 3,634 233 1,133 918 5,679 1,352 7,621 1,499 6,639 478 11 27 42 1,666 393 825 268 200 17 102 112 21,022 1,677 849 1,578 53, 834 15,471 28, 648 11, 697 9,770 371 2,364 2, 418 1, 721 2,645 196 122 122 8,195 1, 648 3,849 1,401 1,283 63 308 540 565 5,039 360 359 306 17,787 4,379 7,325 3, 541 2, 713 90 473 846 662 38, 314 2,888 1,939 2,575 110, 287 29,093 54, 288 22, 476 17, 600 774 4,165 5,268 4,504 4,587 9,061 15 3,163 51, 529 440,057 73,736 4,198 151,420 168 71 61 13 14 10 1 14, 892 4, 615 10, 59S 2,877 948 2,010 2 3 2,216 278 276 37 1 9 2 1 74 71 26 635 280 735 57 553 122 334 20,937 43,880 294,171 4, 823 1, f>20 884 356 3,180 806 1,507 515 1,094 10,644 3,461 7,424 North Carolina South Carolina Georgi a Atlanta Florida Jacksonville Alabama _ ----- TVXi^sissiDDi Louisi&ii£L New Orleans Texas Dallas El Paso Fort Worth Galveston TTonston San Antonio Waco Arkansas Little Rook Kentucky Louisville Tennessee M^emphis Nashville Total S o u t h e r n States Ohio Cincinnati Cleveland Columbus Toledo Ind^ ana _ Indianapolis Illinois Chicago, c e n t r a l reserve Chicago, other reserve Peoria Michigan. „ _. Detroit Grand Rapids Wisconsin Milwaukee . _. Minnesota Minneapolis,.. St. P a u L . _ ..-.. 83 75 86 3 54 3 100 2 36 32 1 598 8 3 6 4 10 8 5 83 3 135 4 98 22,891 8,826 5,446 16,676 6,464 16,179 4,550 10,500 4,369 12,223 1,350 4,000 6,799 18,119 1 550 3 300 8,399 3 114 9,069 2,844 2,000 4,8Q0 25,091 72,028 . 15,050 3,150 1,870 370 2,500 6,850 610 2,410 3,945 11,995 1,715 6,465 515 2,465 3,082 10,287 270 970 9,427 23,523 4,450 8,950 6,129 18,498 1,050 2,150 2,950 6,850 340 232 188 84 199 252 263 8,919 6,466 5/097 3,924 6,445 3,473 6,367 1,934 4,219 3,831 1,598 24, 095 5,325 1,105 2,922 1,282 5,277 2,268 904 4,575 447 8,002 4,699 7,415 725 2,666 244 85 87 1,042 286 28 119 177 192 63 67 164 11 41 7 157 68 162 395,994 151,925 1 9 2 1 o 3 4 13 1 5 14, 065 11, 230 9,715 5,950 7,854 2 650 11,320 1 750 5 285 6,225 2,800 46, 937 11,900 1,500 4,350 1,800 8 050 4,750 1 950 7,205 700 14,096 4,500 12, 369 1,100 3,900 1,752 247, 646 148,348 4,856 130 338 3 7 1 242 4 465 38,880 13,100 4,800 5,000 500 25,298 6,650 36,973 27,432 6,950 3,040 5,650 1,000 13,690 2,725 24,355 66,312 20,050 7,840 10,650 1,500 38,988 9,375 61,328 25,580 6,141 4,638 3,855 600 14,947 3,224 25,254 199 93 10 23 8 178 58 289 32 43 41 3 14 38 4 120 3 3 150 7 309 7 4 ; 50, 750 4,225 2,100 15,021 9,000 2,100 17,605 9,400 20,369 11,650 5,700 34,005 1,655 3,250 9,505 8,000 1,300 8,730 6,050 9,922 7,700 3,700 84,755 5,880 5,350 24, 526 17,000 3,400 26,335 lf>, 450 30,291 19,350 9,400 31,391 3,232 1,347 12,421 7,596 1,582 12,325 6,152 15,091 8,260 4,629 989 34 48 163 22 27 140 73 384 542 149 1,001 27 8 436 658 400 461 753 312 401 212 312 292 532 1,253 410 67 169 56 704 417 130 317 37 549 182 359 163 168 9,712 7,380 5,691 4,487 7,455 4,039 7,063 2,164 4,791 4, 213 2,259 26,415 6,057 1, 207 3,215 1,518 6.175 2,756 1,101 5,095 495 8. 655 4,938 7,936 956 3,004 2,051 1,399 1,270 1,033 1,440 636 1,518 370 1, 033 1, 010 483 6,763 1,239 309 710 196 1,338 632 209 1,167 145 1,869 927 1,681 192 546 619 274 218 4 39 3 153 6 169 138 17 479 38 39 37 32 32 46 26 137 11 149 49 236 4 56 2,832 2,451 1,405 1,644 1, 995 1,549 1,654 765 1, 238 1,173 523 4,966 1,684 389 1,125 784 1,955 621 281 1,419 133 2, 348 1,534 2,507 276 927 604 686 482 371 463 124 506 170 456 331 213 2, 230 368 61 239 62 349 250 79 312 29 820 363 590 107 256 1,138 1,266 674 630 933 587 872 170 614 598 218 3,600 647 168 385 110 977 393 153 708 99 934 522 834 123 345 7 ; 244 6, 058 4, 049 3, 682 4,870 2,899 4, 709 1, 481 3,510 3, 250 1, 454 18, 038 3,976 968 2,496 1,184 4,651 1, 942 748 3,743 417 6,120 3,395 5,848 702 2,130 531 11,400 168,880 36,001 4,026 47, 701 12, 547 20, 814 12L 089 1,906 953 1,086 977 48 1,330 1,583 1,833 27, 812 7,305 5,883 4,897 660 16, 568 4,844 27,544 5,437 1,413 1,007 982 108 3,564 830 6,325 507 30 52 61 10 199 53 93 75 108 39 4 57 17 54 9,139 2,403 2, 529 1,371 237 5,044 918 7, 753 2, 202 599 346 338 44 1, 557 371 2,041 2,916 622 703 710 65 1,772 426 3,250 20, 201 5^067 4, 637 3,462 464 12,136 2, 545 19, 769 1,853 629 3 86 1 2 152 35,320 3,923 1, 513 14,086 8,726 1,916 13, 525 6.834 16,803 9,511 5,197 6,453 995 287 2, 558 1,485 362 % 845 1,372 3,481 2,172 1,063 13,349 1,205 428 5, 297 3,369 542 4,628 2,195 7,179 3,220 1,910 160 130 887 536 121 925 458 1,144 702 216 4,186 608 146 1,674 1, 215 320 1,684 975 1,831 1,074 671 26, 594 3, 07(5 989 10, 501 6, 663 1, 348 10,242 5,027 13, 855 7,191 3,877 1 42 10 3 14 1 18 51 2 18. 18 15 5 12 36 3 2 3 1 14 — 5 3 2 7 13 26 2 56 47 5 18 12 11 11 60 7 9 25 7 112 33 38 2 38 27 315 95 30 1 55 9 1,336 1,048 300 994. 583 950 588 291 400 115 48 85 53 3 160 27 220 23 17 CD Abstract of reports of earnings and dividends of national banks for the year ended June SO, 1925— Continued Ox O [In thousands of dollars] Gross earnings Number of banks Capital Surplus Capital and sur, plus 327 2 3 2 5 106 10 4 11 20,045 1,000 2,700 700 2,050 7,492 7,200 1,100 26,331 10,203 700 1,200 300 705 3,381 3,022 950 9,532 30,248 1,700 3,900 1,000 2,755 10,873 10,222 2,050 35,863 Total Middle Western States-2,176 347,739 208,652 Location Iowa . »> Cedar Rapids. _ Des Moines Dubuque ._ Sioux City Missouri Kansas City _ St. Joseph St. Louis North Dakota South Dakota Nebraska LincolnOmaha Kansas Kansas City Topeka... Wichita Montana Helena Wyoming Colorado. _ DenverPueblo New Mexico Oklahoma Muskogee 160 111 159 5 8 247 2 5 4 83 2 32 126 9 2 31 375 3 6,440 5,105 8,455 1,725 6,150 13,588 800 1,400 2,400 5,335 450 2,725 6,865 5,400 600 2,135 16,830 950 2,922 2,356 4,643 837 3,050 7,030 320 425 1,265 2,236 325 1,701 4,002 4,374 1,150 912 4,555 305 InterExest changes and and coldis- lection count charges Commissions and Profits earnings from of for- insurance eign ex- premiums change and the depart- negotiament tion of real estate loans Expenses Total gross earnings 1,111 92 104 22 69 151 521 62 1,177 15,718 1,176 1,978 512 1,523 4,606 6,590 1,313 13,946 3,331 195 411 87 383 1,096 1,509 305 2,730 469 3 12 961 21,713 260,229 6,143 4,879 5,944 1,267 4,995 9,341 560 591 1,686 3,807 357 2,532 6,021 7,223 784 1,705 13,578 905 1 155 6 1 3 9 1 1 117 14,291 1,064 1,862 486 1,420 4,419 5,882 1,230 12,399 154 20 12 4 33 25 67 21 258 60 556,391 231,318 4,023 1,517 697 195 99 62 7 87 95 1 7 51 88 5 32 59 65 5 33 479 37 1 1 17 108 94 35 9 4 3 9 1 32 8 2 40 1 9 2 2 3 11 5 3 32» 49 204 2 4 1 8 3 5 5 9,362 7,461 13,098 2,562 9,200 20,618 1,120 1,825 3,665 7,571 775 4,426 10,867 9,774 1,750 3,047 21,385 1,255 5,474 4,442 5,533 1,136 4,476 8,621 517 551 1,394 3,363 334 2,294 5,495 6,494 694 1,502 12,254 821 Interand Sala- estdisInterries count est on Taxes and on bor- deposits wages rowed money Trust depart- Other earnment ings profits 52 356 239 294 124 423 584 42 32 232 312 18 167 412 449 85 164 828 42 Other Total exexpenses penses paid 10 95 2 8 88 6,246 571 828 253 579 1,281 2,327 611 4,978 997 60 119 37 61 345 385 52 565 1,798 135 229 40 251 571 867 175 1,390 12,841 964 1,599 417 1,284 3,388 5,090 1,151 9,751 52,786 2,702 90,448 17,889 30,304 194,129 1,415 1,153 1,424 286 1,209 2,446 114 159 326 958 90 634 1,602 1,436 120 431 3,666 193 122 85 127 3 23 90 4 2,650 2,092 2,135 449 1,671 2,568 182 201 616 1,300 123 791 1,676 2,856 285 434 3,231 258 310 195 345 85 160 881 48 56 93 236 29 156 534 398 97 97 1,014 69 823 627 695 166 773 1,309 68 66 262 510 37 335 797 852 57 293 2,390 125 5,320 4,152 4,726 989 3,836 7,294 416 482 1,299 3,062 279 1,937 4,738 5,551 559 1,285 10,510 662 2 58 21 129 9 30 209 17 Oklahoma City. Tulsa 8 6 4,600 4,950 1,105 1,310 1,378 96,903 100 8 4 93 6 249 12 2 5 57 14 3 4 10 18 585 8,665 6,000 2,900 6,420 7,000 24,985 16,950 1,500 19, 500 3,840 800 850 1,900 1,385 1,500 104,195 Alaska ( n o n m e m b e r banks) Hawaii ( n o n m e m b e r banks). __ 4 200 120 320 146 14 2 600 590 1,190 366 Total ( n o n m e m ber banks) „_ 6 800 710 1,510 512 Total W e s t e r n States Washington Seattle Spokane Oregon... Portland California Los Angeles Oakland San Francisco __ Idaho _ Utah Ogden Salt Lake City. Nevada. _ Arizona 5,705 6,260 3,078 3,450 101 19 1 44,823 141,726 71,923 1,527 54 326 3,578 2,945 642 3,253 2,553 10.882 7,210 1,227 16,700 1,642 330 250 910 645 622 12,243 6,599 8,945 5,487 3,542 1,846 9,673 4,385 9,553 4,198 35,867 16.635 24,160 12, 746 2,727 1,121 36,200 12,466 5,482 2,762 1,130 512 1,100 456 2,810 1,461 2,030 812 2,122 1,354 5 59 4 1 53 27 138 23 53,389 157,584 72,840 150 276 62 82 189 218 63 2 94 40 2 5 24 10 74 1,291 1 34 564 1 1 5 8 7 6 6 868 75 26 3 5 40 3 5 Total United States, Alaska, and 8,070 1,369,385 1,118,953 2,488,338 976,458 16,828 12,573 Hawaii.. „_. 1,158 Total Pacific States 31 802 490 4,012 3,960 755 973 365 13 17 1,334 1,346 178 300 571 592 2,851 3, 228 959 26,198 5,281 11, 348 63,176 80 7 21 67 5 345 50 20 143 87 5 3 8 485 421 118 393 307 1,001 588 46 955 213 45 46 89 07 106 1,035 894 333 643 718 2,676 1,782 146 1,207 467 70 67 198 126 340 6,095 80,290 19,390 46 648 43 700 3 165 2 310 14 577 50 1,827 25 . 750 83 • 27 114 1,124 187 1 47 1 42 115 85 170 7,471 6,565 2,080 4,781 5,031 18, 791 13,722 1,233 14,362 2,996 563 503 1,600 921 1,611 1,821 1,801 476 1,305 1,252 5,282 3,142 346 2,594 826 124 117 373 193 576 326 6,830 82, 230 20, 228 873 25,268 1 35 196 53 40 8 35 136 W 18 418 106 95 13 43 - g 53 614 159 135 21 78 393 W 1 32 2,103 1,729 724 1,159 1,483 4, 873 4,968 309 5,509 857 196 161 559 269 369 4,880 10, 702 5,524 4,852 W 1,672 fej 3,567 hj 3,765 O 14,177 & 10,530 n 867 o 10,408 fe 2,450 440 394 1 227 655 1,423 61,951 F3 tl 5 Q O ^ o 5,951 111, 129 1,124,097 218,073 13, 707 373,991 65,798 127,145 798,714 H c B a Abstract of reports of earnings and dividends of national banks for the year ended June SO, 1925—Continued to [In thousands of dollars] Ratios Losses charged off Total net Recov- earnings Net and reeries on On earnings charged- coveries On On trust On Total during loans bonds, departon off Other foreign losses year secuassets charged- and charged ment o ses exdisrities, operaoff assets counts off change etc. tions Location Maine.. New Hampshire-. Vermont. Massachusetts. Boston... Rhode Island Connecticut.. 1,828 1,224 918 _ Total New England States New York. Albany. . Brooklyn and Bronx Buffalo New York City New Jersey . Pennsylvania Philadelphia Pittsburgh.. _ Delaware Maryland.. Baltimore . . Washington, D . C ... _ .. . Total Eastern States Virginia RichmondWest Virginia North Carolina South Carolina Georgia,. Atlanta _ «. ._._ 313 204 103 1 8 1,719 5,775 2,312 47 380 7,749 13,161 1,207 4,214 152 504 166 247 25 2,731 30,723 8,770 3,868 52 1,281 7,202 11,826 1,160 3,834 1,335 27,992 16,471 1,340 1,339 44 890 272 35 1,082 59, 810 10,829 12,727 761 29,572 1,626 9,740 489 7,893 372 359 2,034 1,361 137 34 25 343 516 11 215 206 137 79 547 1,514 2,353 2,135 32 159 355 133 145,886 16,446 4,248 1,154 3,172 2,468 1,324 1,642 299 90 93 104 307 259 77 997 17,810 1,384 1,162 1,117 70,639 13,488 31,198 10,229 8,285 1,835 351 620 469 13,839 1,346 2,216 1,185 316 176 83 568 18 1,319 88 11 6,795 904 1,645 400 2 101 84 1,038 16 1 3 238 39 12, 787 90 71 12 264 395 31, 798 5,437 12, 337 5,092 3,165 10.82 5.92 7.61 13.92 11.93 14.09 12.00 13. 39 17. 63 13.27 14.43 17.50 11.09 37.18 12.94 13.06 11.02 6.46 6.29 6.00 8.06 7.63 6.87 6.00 5.51 5.43 17.03 5.86 6.89 6.77 13.95 12.39 8.41 11.27 11.44 13.21 12.49 9.21 11.94 9.72 11.72 8.96 9.71 25.75 27.73 16.82 18.71 2a 42 25.53 30.01 29.25 24.39 21.21 25.87 16.98 15.80 2 1,340 2,055 1,489 1,580 1,039 943 42,476 119,856 69,158 15. 24 6.79 11.76 26.41 19 1,568 2,979 1,039 2,533 1,922 1348 568 2, 650 11.05 11.32 14.36 11.33 7.39 9.71 8.64 6,35 5.69 7.65 6.96 4.98 5.83 4. SO 7.13 8.29 10.06 8.40 i 2.09 S. 51 .46. 12.42 16.49 18.88 13. 67 i 3.10 5.85 .81 158 25 181 113 130 170 5S 1 6,264 472 370 552 Per cent Per cent Percent Percent 9.58 5.40 9.68 17.19 17.90 11.20 5.94 9.50 10.18 9.83 15.47 6.46 10.17 18.90 5.41 8.98 12.09 9.94 6.64 5.46 5.S7 7.53 13.89 9.91 16.01 9.66 5.27 8.73 23 333 653 779 3 14 13,517 929 792 565 Net addition to profits to capital 47,646 10,460 25, 655 8,513 6,962 5,374 7§2 4,293 455 Net adDivi- dition to Divi- dends profits to dends to capital to capital capital and surplus and surplus 22, 993 3,028 5,543 1,716 1,303 2 1,792 1,103 626 16, 451 426 84 488 516 2,927 5,494 14, 272 162,332 23, 281 12,452 138 96 65 21 56 60 878 301 ' 12 1,250 4,863 4,519 329 706 587 515 1,932 90 94 6 70 83 263 4,547 1,244 3,265 2,572 1,631 1,001 U2 2,886 8,642 938 783 3,203 423 602 12 101 247 131 1,673 2,708 2,268 1,267 1,011 1,195 776 1,660 561 5 150 323 381 767 423 214 Dividends 20 11 391 Net addition to profits during year 764 11 18 46 205 732 650 1,979 1,333 S3* 368 4§ 645 670 713 1,926 1,594 830 943 514 Florida _ Jacksonville Alabama. _ Birmingham Mississippi Louisiana, _,„„ New Orleans _. Texas _ Dallas El Paso.. -. Fort Worth Galveston Houston San Antonio ._.._. Waco Arkansas Little Rock .... Kentucky „___ Louisville Tennessee.._ Memphis... Nashville Total Southern States Ohio__ Cincinnati Cleveland Columbus Toledo.. Indiana T Indianapolis Illinois Chicago, central reserve. Chicago, other reserve.. Peoria _. Michigan Detroit Grand Rapids Wisconsin Milwaukee Minnesota Minneapolis. St. Paul Iowa-... Cedar Rapids. _ _. Des Moines__ Dubuque Sioux City 2,585 1,140 2,354 683 1,281 963 805 8,377 2,081 241 719 334 1,524 814 353 1 352 78 2,535 1,543 2,088 254 874 375 70 172 96 125 135 10 1,522 74 167 80 12 184 78 30 151 2 177 100 130 95 54 47, 791 5,068 52,859 16, 625 7,611 2,238 1,246 1,435 196 4,432 2,299 7,775 8,726 847 524 3,585 2,063 568 3,283 1,807 2,948 2,320 1,320 2,877 212 379 95 239 558 569 57 61 85 330 268 569 2,007 32 48 242 62 165 370 145 415 191 271 662 37 162 10 29 8,169 2,807 1,303 1,496 281 4,762 2,567 8,344 10, 733 879 572 3,827 2,125 733 3,653 1,952 3,363 2,960 1,210 2,526 779 1,406 1 098 815 9,899 2,155 408 799 346 1,708 892 383 1,503 80 2,712 1,643 2,218 349 928 2,511 1,591 3,539 249 Ml 105 258 127 991 204 382 316 92 4,646 188 127 264 23 357 334 140 718 12 493 44 561 180 175 1,512 333 226 435 26 1,036 405 2,207 4,594 58 35 886 230 113 1,138 911 2,180 918 510 3,513 86 293 4 526 83 21 4" 49 118 23 24 17 16 19 63 8 16 1 88 16 59 1 2 1 1 1,144 582 33 315 198 74 386 156 507 623 49 14 214 163 67 250 391 167 64 101 206 10 18 1 61 2 11 2 4 40 1 1 2 99 47 106 5 145 68 207 887 60 108 154 20 206 157 40 103 2 121 30 130 20 40 31 3,590 750 94 21 17 167 285 54 648 114 56 38 290 13 75 251 26 200 20 230 340 10 16 27 51 471 199 1.150 '2J0 647 386 349 5,652 271 259 435 59 583 554 188 837 15 735 90 751 200 216 2,489 1,011 1,376 569 759 712 466 4. 247 1^884 149 364 287 1,125 338 195 666 65 1,977 1, 553 1,467 149 712 878 325 1,027 280 541 689 476 4.323 2^418 136 806 208 923 364 243 695 60 1, 554 918 1,477 136 580 11.18 12.26 9.07 16.00 10.24 11.07 17.00 9.21 20.32 9.07 18. 53 11.56 11.47 7.66 12. 46 9. 65 8.57 11.02 20.40 11. 94 12.36 14.87 7.18 8.13 5.67 8.48 6.44 7.60 9.92 6.00 16.07 7.27 J1. 77 8.63 7.69 5.63 9.86 6.76 6.19 6.61 10.26 7.98 6.33 8.47 138 21,558 31,301 28, 227 11.40 11 1 12 2,855 461 574 650 267 1,719 615 3,383 5,335 165 87 1,395 406 255 1,691 1,331 2,551 1,014 847 4,062 108 309 49 578 5,314 2.346 '729 846 14 3,04S 1,952 4,961 5,398 714 485 2,432 1,719 478 1,962 621 812 1.497 '744 1523 141 232 56 1310 4,479 1,644 476 581 60 25410 580 4,290 5,403 384 309 1,803 1,070 4S2 1,821 880 1.462 1,328 584 1,274 80 280 72 ISO 11.52 12.55 9.92 11.62 12.00 9.53 8.72 11.60 10.65 9.09 14.71 12.00 11.89 22.95 10.34 9.36 7.18 11.40 10.25 6.36 8.00 10.37 10.29 6.34 6 — 50 1 31 10 10 4 1 12 3 3 12 6 2 20.36 25.28 7.59 17.24 9.04 7.85 9.71 5.90 12. 52 7.97 5.3J 11. 91 9.38 5.23 7.91 6. 47 6. 70 8.40 17.35 7. 93 6.93 10.39 31.69 38.15 12.16 32. 51 14.36 11.44 16. 64 9.05 3 5. 83 19. 93 8.37 15. 94 13.98 7.12 7.0. 0C 9.24 9.29 14. 03 34.51 11. 86 13. 55 18.26 7.13 7.80 12.64 6.75 8.20 6.07 5.46 4.00 6.18 6.19 7.00 6.37 6.63 5.78 7.35 6.29 14. IS 8.01 11.70 9.30 7.94 .93 7.80 20.82 8.09 6.37 12.14 9.07 9.92 10.11 14.00 7.45 4.02 2.68 7.74 7.91 1 1.73 8.29 5.95 5.60 1 11.25 13.67 17.91 15.19 16.92 2.80 12.03 29.35 13.42 10. 64 16. 90 23.10 6.91 5.70 4.83 6.86 6.21 4.21 4.71 7.18 7.20 4.72 16.19 19.10 22.76 11.14 6.61 3.99 12.85 13.05 12.61 14.10 8.59 8.00 1 15.12 i Deficit. QP Abstract of reports of earnings and dividends of national banks for the year ended June 80% 1925—Continued [In thousands of dollars] Losses charged off Location Missouri— Kansas City.. St. Joseph St. Louis Total Middle Western States.. North Dakota South Dakota Nebraska Lincoln Omaha Kansas Kansas City Topeka — Wichita Montana Helena Wyoming. _ Colorado Denver Pueblo New Mexico.— Oklahoma Muskogee Oklahoma City.. Tulsa Total Western States.. Washington.. Seattle. _. Spokane.. RecovNet eries on earnings cnargedduring off year assets 1,218 1,600 162 4,195 56 401 1,357 1,729 218 4,596 724 1,063 66,100 8,170 727 1,218 278 1,159 2,047 144 109 387 745 78 595 1,283 1,672 225 420 3,068 243 1,161 732 253 205 349 28 263 433 7 21 21 309 65 205 482 141 35 97 783 46 177 394 17,114 1,947 1,713 408 922 188 1 61 56 116 11 75 74,270 24,958 4,867 4,051 1,076 932 1,567 306 1,422 2,480 151 130 408 1,054 143 800 1,765 1,813 260 517 3,851 289 1,338 1,126 1,094 916 1,190 64 848 1,531 103 51 75 904 116 947 1,312 419 13 456 2,950 162 515 895 4,314 21,428 266 242 67 2,213 1,955 475 139 Ratios Total net earnings and reOn On On Net coveries loans trust On Total bonds, departaddition on Other foreign and secuto profits charged- disment excharged rities, operaduring off assets counts change off etc. year tions 4 114 7 17 58 157 87 94 65 148 48 92 309 3 21 4 97 "3O6" Dividends Net adDivi- dition Divi- dends to dends to profits to capital to capital and capital surplus and surplus Net addition to profits to capital Per cent Per cent Per cent Per cent 8.22 5.67 5.04 7.31 6.92 4.87 3.52 5.00 7.09 3.80 6.44 12.00 11.10 8.15 9.87 13.44 2,922 1,369 86 1,058 548 360 , 132 3,538 34,029 40,241 35, 996 10.35 6.47 7.23 11.57 1,282 1,041 1,370 1206 1 109 197 193 454 605 33 52 325 133 20 1262 285 869 225 1 98 465 114 633 49 216 225 606 169 477 1,108 76 88 192 288 3.35 2.31 3.02 4.63 6.60 5.18 5.37 6.79 4.82 5.24 3.80 6.45 2.62 6.53 8.00 9.14 1.87 5.64 8.76 11.17 12.20 1 1.46 1.50 7.53 4.93 2.93 2.95 2.85 8.87 1.44 2.58 15.92 2.62 8.89 12.86 13.22 2.17 9.08 11.10 .78 1 3.20 1 2.14 2.33 11.19 7.38 4.45 113 968 1,875 118 78 83 1,087 123 1,062 1,480 944 35 615 616 498 78 50 116 710 782 160 57 1,207 110 637 60 4.41 7.17 9.80 7.76 8.15 9.50 6.29 8.00 5.40 11.11 4.26 10.34 14.48 26.67 2.67 7.17 11.58 13.85 1.21 4.13 3.71 13.54 1 .62 4.44 19.61 4.15 16.09 37.50 14.59 2.76 12.00 13.76 .99 58 117 5 142 47 13 94 318 8 48 135 175 705 1,077 14,561 1,001 1,731 17,617 3,811 7,334 7.57 5.17 2.69 3.93 919 308 122 146 101 6 170 189 64 1,236 601 191 977 1,354 284 1,191 858 180 13.75 14.30 6.21 9.73 9.59 5.08 7.98 15.14 8.02 11.28 22.57 9.79 9 :r 3 Oregon Portland California Los Angeles ^ Oakland -<i San Francisco *<f Idaho . ft Utah o Ogden Salt Lake City ^ Nevada . Oi Arizona Total Pacific States . . . Alaska fnonmember banks) Hawaii (nonmember banks) Total nonmember banks _. Total United States, Alaska and Hawaii -... i Deficit. 1,214 1,266 4,614 3,192 366 3,954 546 123 109 373 266 188 306 512 584 386 17 312 140 9 3 11 31 65 1,520 1,778 5,198 3,578 383 4,266 686 132 112 384 297 253 709 637 1,870 712 96 620 779 70 16 121 92 257 50 385 165 63 14 908 56 7 2 13 40 3 20,279 2,951 23,230 7,328 1,958 60 161 6 66 161 11 18 11 221 6 227 29 11 325,383 39,686 365,069 95, 552 25,301 1 2 622 170 122 510 194 36 74 94 13 2 41 33 127 2 1,839 5 931 1,144 2,546 969 146 1,602 929 90 20 175 165 387 589 634 2,652 2,609 237 2,664 1 243 42 92 209 132 i 134 1,499 616 2,629 1,819 95 1,960 158 49 50 115 121 11,132 6 4 10 17,876 1,783 77 23.35 8.80 10.52 10.73 6.33 10.05 4.11 6.13 5.88 6.05 8.74 5.13 15.50 6.45 7.33 7.53 3.48 5.41 2.88 4.34 4.55 4.09 5.96 3. 63 6.09 6.64 7.39 10.80 8 69 7.36 14.43 3.72 8.36 7.44 6.50 1 6.31 9.17 9.06 10.61 15.39 15.80 13.66 1 6.33 5.25 10.82 11.00 9.53 18.93 12, 098 11,417 10.96 7.25 7.68 11.61 17 33 49 128 51 63 2f>. 50 10.50 15.94 5.29 15.31 10. 76 24.50 21.33 50 177 114 14.25 7.55 11.72 22.13 141,134 223,935 165,033 12.05 6.63 9.00 16.35 s n fed G § O w wfed o Cnt C7T Earnings, expenses, and dividends of national banks by Federal reserve districts, year ended June 80, 1925 Of C [In thousands of dollars] District District District District District District District District District District District District NonNo. 10 No. 11 No. 12 member No. 1 No. 2 No. 4 No. 9 No. 3 No. 5 No. 6 No. 7 No. 8 (.580 banks (6 (1,014 (382 (720 (748 (761 (711 (671 (549 (380 (1,056 (492 banks) banks) banks) banks) banks) banks) banks) banks) banks) banks) banks) banks) banks) Capita! Surplus Capital and surplus 114,676 94,444 209,120 Gross earnings: Interest and discount ._ Domestic exchange and collection charges. Profits of foreign exchange department... Commissions and earnings from insurance premiums and the negotiation of real estate loans Trust department profits _ Other earnings „ Total Expenses paid: Salaries and wages Interest and discount on borrowed money. Interest on deposits _. Taxes Other expenses Total _ Net earnings during year Recoveries on charged-off assets Total Losses charged oS: On loans and discounts On bonds, securities, etc On trust department operations. — Other losses On foreign exchange.. Total — 275,996 99,934 317,881 160,682 593,877 260,616 127,710 118,635 246,345 94,026 71,593 165,619 95, 079 579 422 59,924 998 80 63,344 181,712 39, 521 113,127 102,865 294,839 70,383 34,618 105,001 62,259 33,212 95,471 86, 783 40,967 127,750 87,942 40,574 128,516 103,820 52,989 156,809 42,779 776 65 47,374 1,546 165 64,653 1,164 54 47,724 2,155 23 72,293 1,234 861 800 710 1,510 Grand total (8,070 banks) 1,369,385 1,118,953 2,488,338 976,458 16,828 12, 573 73, 790 221,219 494 3,759 936 8,030 86,934 490 654 11 2,770 33,757 75 5 263 136 326 13,190 9,061 12,501 4,627 3,897 11,846 2,943 3,173 5,623 3,691 6,767 1 53 1,158 5,951 111, 129 88,983 269, 596 97,425 109,002 65,897 48,757 136, 776 46,783 52,998 72,047 53,663 81,556 614 1,124,097 15,251 943 31,851 4,085 9,709 45,618 2,426 92,138 12, 567 27,490 16,186 1, 076 32,640 4, 536 9,333 18,934 1,244 38,627 6,746 11,110 12, 872 2,129 20,851 4,625 7,392 10,065 866 14,247 3,601 5,914 27,537 1,381 46,888 9, 516 16,636 9,769 682 14,830 3,043 5,084 11,639 569 20,768 3,318 6, 351 17, 326 647 22,743 4,915 10,174 12, 725 883 13,184 3,983 7,287 19,992 861 25,089 4,842 10,587 159 21 78 218, 073 13, 707 373,991 65,798 127,145 61,839 180,239 63,771 76,661 47,869 34,693 101,958 33,408 42,645 55,805 38,062 61,371 393 798,714 27,144 2,657 89,357 13,187 33,654 2,043 14,064 1,413 34,818 4,709 13,375 1,238 10,353 1,859 16, 242 3,682 15,601 2,362 20,185 2,918 221 6 325,383 39,686 29,801 102, 544 35,697 32,341 2,082 34,423 18,028 1,530 19, 558 15, 477 39,527 14,613 12, 212 19,924 17,963 23,103 227 365,069 8,574 3,780- 18,388 9,229 2,712 1,680 4,387 2,433 4,937 4,620 7,188 12, 346 6,831 322 54 3,775 706 2 784 23 883 17 329 2 95, 552 25,301 1,594 1,812 307 10 2 7,295 1,958 2 1,743 5 29 11 2 835 6 14,470 2,774 9 17,876 1,783 8,703 15,147 8,976 11,003 50 141,134 2 571 2 284 4 417 5 43,089 1,561 59 15 121,088 2,032 1,171 262 377 29 191 52 413 1.248 2,949 1,306 1,847 1,014 1,014 1,913 300 855 20 110 33 87 39 361 5 642 2 13,954 31,834 5,727 8,779 6,825 6,097 19,254 4,785 58 659 81 86 467 3 67 512 40 3 135 622 Net addition to profits from operations during year _ _ — 15,847 Total dividends declared since June 30,1924.. 12,472 Ratios: Dividends to capital per cent.. Dividends to capital and surplus do Net addition to profits, to capital, and surplus —.-.-percent... 70,710 43,280 29,970 15,629 25,644 IS, 705 12,733 10,816 9,380 7,110 20,273 18,731 9,828 7,835 3,509 4,915 4,777 7,212 8,987 9,815 12,100 11,399 177 114 223,935 165,033 10.88 5.96 15.68 7.29 15.64 6.00 12.30 6.38 11. 50 6.53 11.22 6.91 10.31 6.35 11.13 7.46 7.89 5.15 8.31 5.65 11.16 7.64 10.98 7.27 14.25 7.55 12.05 6.63 7.58 11.90 11.50 10.41 7.69 9.12 6.8S 9.36 3.68 3.74 6.99 7.72 11.72 9.00 fei 1 o § fed a o H 58 EEPORT OF THE COMPTROLLER OF THE CURRENCY National-bank investments in United States Government securities and other bonds and securities, etc., loans and discounts (including rediscounts), and losses charged off on account of bonds and securities, etc., and loans and discountst years ended June 80, 1918 to 1925, inclusive [In thousands of dollars] Year ended June 30— 1918 1919 1920 1921 1922 1923 1924 1925 United States Government securities Losses Total Loans and charged Other and discounts off on bonds and bonds (including loans securities securities, etc. rediscounts) and discounts 1,840,487 1,875,609 1,916,890 2,005,584 2,277,866 2,375,857 2,660,550 3,193,677 2,129,283 3,176,314 2,269, 575 2,019,497 2,285,459 2,693,846 2,481,778 2,536,767 3,969,770 5,051,923 4,186,465 4,025,081 4,563,325 5,069,703 5,142,328 5,730,444 10,135,842 11,010,206 13,611,416 12,004,515 11,248,214 11,817,671 11,978,728 12,674,067 33,964 35,440 31,284 76,210 135,208 120,438 102,814 95, 552 Losses charged off on bonds and securities, etc. Percent- Percentage of age of losses losses charged charged off on off on account bonds loans and seand dis- curities counts to total to total bonds loans and seand dis- curities counts 44,350 27,819 61,790 76,179 33,444 21,890 24,642 25, 301 0.34 .32 .23 .63 1.20 1.02 .86 .75 1.12 .55 1.48 1.89 .73 .43 .48 .44 Number of national banks, capital, surplus, dividends, net addition to profits, and ratios, years ended June SO, 1914 to 1925 Percentages Year ended June 30— 1914 1915 1916 1917 1918 1919 1920 1921 1922 1923... 1924 1925 Number of banks Capital 7,453 $]1,063,978,175 7,560 ] , 068,577,080 7,571 ] , 066,208,875 7,589 1,081,670,000 7,691 1,098,264,000 7,762 L, 115, 507,000 8,019 1,221, 453,000 8,147 t, 273,237,000 8,246 1,307,199,000 8,238 1,328,791,000 8,085 1,334,011,000 8,070 I, 369,385,000 Surplus Dividends Net addition to profits $714,117,131 726,620, 202 731,820,365 765,918,000 816,801,000 869, 457,000 984,977,000 1,026,270,000 1,049,228,000 1,070,600,000 1,080,578,000 1,118,953,000 $120, 947,096 113, 707,065 114, 724, 594 125,538,000 129, 778,000 135, 588,000 147, 793,000 158,158,000 165,884,000 179,176,000 163,683,000 165,033,000 $149,270,171 127,094, 709 157,543,547 194,321,000 212,332,000 240,366,000 282,083,000 216,106,000 183, 670,000 203,488,000 195,706,000 223,935,000 Dividends to capital 11.37 10.63 10.76 11. 61 11.82 12.15 12.10 12.42 12.69 13.48 12.27 12.05 Net Divi- addidends tion to to cap- profits ital and to capsurplus ital and surplus 6.80 6.33 6.38 6. 79 6.78 6.83 6.70 6.88 7.04 7.47 6.78 6.63 8.39 7.08 8.76 10.52 11.09 12.11 12.78 9. 40 7.79 8.48 8.11 9.00 NATIONAL BANKS CLASSIFIED ACCORDING TO CAPITAL STOCK The total loans and discounts of the 8,072 national banks reporting on June 3.0, 1925, were $12,674,067,000; total resources, $24,350,863,000; aggregate paid-in capital stock, $1,369,435,000, and total deposits, $19,909,669,000. Two thousand four hundred and thirty-four of these banks, 'with loans and discounts of $493,470,000, total resources of $931,438,000, paid-in capital of $65,012,000, and deposits of $754,347,000, were capitalized with individual paid-in capital stock of less than $50,000. The number of banks having capital stock of $50,000 but less than $200,000 was 4,277. Total loans and discounts amounted to •59 REPORT OF THE COMPTROLLER OF THE CURRENCY $2,645,598,000; total resources, $5,140,015,000; aggregate capital, $344,779,000, and deposits, $4,101,234,000. Banks capitalized at $200,000 but less than $500,000 numbered 884, and had loans and discounts of $1,900,261,000, resources of $3,619,092,000, paid-in capital of $220,719,000, and deposits of $2,944,632,000. There were 244 banks with individual capital of $500,000 but less than $1,000,000. The total loans and discounts of this class of banks was $1,199,791,000; resources, $2,159,923,000; aggregate capital, $135,875,000, and deposits, $1,755,905,000. The number of banks with individual capital of $1,000,000 but less Ithan $5,000,000 was 206; loans and discounts amounted to $3,188,438,000; total resources, $5,791,150,000; aggregate capital, $307,550,000, and deposits, $4,828,669,000. There were 27 banks with individual capital of $5,000,000 or more. The total loans and discounts of these banks was $3,246,509,000; aggregate resources, $6,709,245,000; capital, $305,500,000; and their deposits amounted to $5,524,882,000. A tabulation of the information referred to is shown in the following statement, arid tables showing the number of banks in reserve cities and States, classified according to capital stock, with the amount of aggregate loans and discounts^ aggregate resources, aggregate paid-in capital, and aggregate deposits, are published in the appendix of this report. National banks classified according to capital stock June 80, 1925 [In thousands of dollars] Capital of less than $50,000— Capital of $50,000 but less than $200,000 Capital of $200,000 b u t less than $500,000 Capital of $500,000 but less than $1,000,000 Capital of $1,000,000 but less than $5,000,000 Capital of $5,000,000 or more Total United States Number of banks Loans and discounts 2,434 4,277 884 244 206 27 493,470 2, 645, 598 1,900, 261 1,199, 791 3,188, 438 3, 246, 509 8,072 _ Aggregate resources Total deposits Capital 931,438 5,140, 015 3,619,092 2,159,923 5, 791,150 6, 709, 245 65,012 334, 779 520, 719 135, 875 307,550 305,500 754,347 4,101,234 2,944, 632 1, 755,905 4, 828,669 5,524,882 12, 674, 067 24,350, 863 1, 369,435 19,909,669 NATIONAL BANK EXAMINERS The following is a list of the examiners in the service on October 31, 1925: CHIEF NATIONAL BANK EXAMINER Pole, J. W., Office Comptroller of Currency, Washington, D. C. ASSISTANT CHIEF NATIONAL BANK EXAMINERS Office of Comptroller of Currency, Washington, D. C. Districts assigned Districts assigned McBryde, W. W Proctor, John L , „-- 5 and 6. 8 and 10. Gough, E. H__ Luce, Frank H 11 and 12. 7 and 9. 60 BEFORE OF THE COMPTROLLER OF THE CURRENCY DISTRICT CHIEF NATIONAL BANK EXAMINERS Federal reserve district No. Address Bean, Norwin S_ Reeves, Owen T., jr: Newnham, Stephen L Thomas, Thomas C Folger, William P. Robb, Ellis D Sims, Howard M Wood, John S_ Patterson, B. K 10 Roberts, L. K 1:1 12 ColUer,, Richard H Harris, Thomas E Federal Reserve Bank Building, Boston, Mass. 72Q United States Customhouse, New York, N. Y. 1413 Jefferson Building, Philadelphia, Pa. 715 Federal Reserve Bank Building, Cleveland, Ohio, 710-715 Bond' Building, Washington, D. C, 504 Post-Qmce Building, Atlanta, Ga. 1203 Federal Reserve Bank Building, Chicago, 111. 1310 Federal Commerce Trust Building, St. Louis, Mo. 1334 First National Soo Line Building, Minneapolis, Minn. 800 Federal Reserve Bank Building, Kansas City, Mo. 312 Magnolia Building, Dallas, Tex. 1103 Alexander Building, San Francisco, Calif. NATIONAL BANK EXAMINERS 3 10 7 2 Allanson, Edward A. Allen, Edgar F__ Allsup, A. S. Alvey, John C Amrhein, Joseph A 10 5 3 12 3 6 9 Anderson, E. F. (Rec) Armstrong, George E Ashwood,. Cecil Baker, William B Baldridge, William H Barrett, John W Basham, A. A Bina, J. C 7 2 3 10 10 9 4 10 Bly, J. Garver Boldin, B. E Boysen, Alfred Brennan, F. P. (JG). Brown, S. H Bryan, Charles A Byers, R. W___ Campbell, George EL Carolan, William B__ Carson, Thomas D__ Carter, Aubrey R. (U) 10 Chapman, Edward L 11 Chapman, F. A. (Rec) 1414; Jefferson Building, Philadelphia, Pa. Post-office box 154&, Muskogee, Okla. 1428 North Main Street, Decatur, 111. j 720 United States Customhouse, New York, I N. Y. | 510 Virginia Railway and Power Building, Richmond, Va. First National Bank, Abbeville, Ala. 1226 Downing Street, Denver, Colo. 710-715 Bond Building, Washington, D. C. 1414 Jefferson Building, Philadelphia^ P&. 403 Empire State Building, Spokane, Wash. 1414 Jefferson Building, Philadelphia, Pa. Post-office box 940, Knoxville, Tenn. 201. Security National Bank Building, Sioux Falls, S. Dak. 326 South Fifteenth Street, Richmond, Ind. Post-Office Building, Troy, N. Y. Post-Office Building, Wilkes-Barre, Pa. Post-office box 574, Hutchinson, Kans. Post-office box 462, Coffeyville, Kans. 17 Magill Block, Fargo, N. Dak. Post-office box 1058, Pittsburgh, Pa. 800 Federal Reserve Bank Building, Kansas City, Mo. Federal Reserve Bank Building, Boston, Mass. 510 Virginia Railway and Power Building, Richmond, Va. Room 214, Treasury Department, Washington, D. C. 800 Federal Reserve Bank Building, Kansas City, Mo. Care of State National Bank, Albuquerque, N. Mex. BEPOBT OF THE COMPTROLLER OF THE CTJRREHOT 61 National Bank Examiners—Continued Federal reserve district No. 12 Address Chorpening, I. I Clarke, A. A__ _ 11 8 4 Cloe, William B Coffin, George M (Rec). Coffin, Gilbert S Colley, L. H ... Collins, L. C_ Conner, Joseph H Cooney, Dan H 1 6 11 Cooper, T. A Cottingham, T. J__ Cowan, David (Rec) 12 Crawley, William C 5 1 12 4 4 2 5 10 3 1 10 11 9 11 6 12 Crossen, Gail W Culver, William A Cutts, Arthur D Dalton, John W— Davenport, H. B Davis, Thomas H Denton, Frank R_ _ Derr, Ralph H Dooley, Thomas E Donahue, W. H Drexel, Charles F Dwyer, Thomas R Dye, Samuel W__ Elkins, Lewis R Embry, Jacob Evans, Clyde J Evans, W. C 11 Farmer, T. P .._-... 4 Faris, A. B 9 Fiman, C. F - . — ~ 9 Fraser, Jesse A 1 Freeman, O. M 7 Fuller, Harry R. (JG) —. Funsten, James B Funsten, William P Furbee, Ernest M Garrett, Robert D 11 12 9 Gilbert, H. B__ Glazier, Charles A. (Rec) Goodhart, R. W. (Bee)... 1103 Alexander Building, San Francisco, Calif. 715 Federal Reserve Bank Building, Cleveland, Ohio. Post-office box 1185, Huntington, W. Va. 71 College Street, New Haven, Conn. 2817 Eye Street, Sacramento, Calif. 715 Federal Reserve Bank Building, Cleveland, Ohio. 312 Magnolia Building, Dallas, Tex. 214 Federal Building, Evansville, Ind. 7JU> Federal Reserve Bank Building, Cleveland, Ohio. 40 Chapel Street, Augusta, Me. 823 Age-Herald Building, Birmingham., Ala. Care of Citizens National Bank, Silver City, N. Mex. 436 EL W. Heilman Building, Los Angeles, Calif. Post-office box 463, Columbus, Ohio. Davison Place, Baldwin, Long Island, N. Y. Office of Comptroller of the Currency, Washington, D. C. Post-office box 958, Charlotte, N. C. Post-office box 61, Lancaster, Pa. Columbia S. C, 213 Palmetto Building. 8€K) Federal Reserve Bank Building, Kansas City, Mo. 1414 Jefferson Building, Philadelphia, Pa. Federal Reserve Bank Building, Boston* Mass. Post-office box 186, Clinton, Okla. 332 Post-Office Building, Amarillo, Tex. 1334 First National Soo Line Building, Minneapolis, Minn. 422 West Jackson Street, Carbondale, 111. 732 New Street, Springfield, Mo. 312 Magnolia Building, Dallas, Tex. Post-office box 828, Atlanta, Ga, 436 H. W. Heilman Building, Los Angeles, Calif. 312 Magnolia Building, Dallas, Tex. Post-ofHce box 506, Richmond, Ky. 1334 First National Soo Line Building, Minneapolis, Minn. Do. 26 Laurel Avenue, Providence, R. I. 1203 Federal Reserve Bank Building, Chicago, 111. 720 United States Customhouse, New York* N. Y. Post-office box 425, Evans-ton, 111. Post-office box 1058, Pittsburgh, Pa. Care of Division of Insolvent National Banks, Office of Comptroller of the Currency, Washington, D. C. 318 Post-office box, Wichita Falls, Tex. First National Bank, Rexburg, Idaho, Care of Merchants National Bank, Crookston, Minn. 62 KEPOBT OF THE COMPTROLLER OF^ THE CUEEEKCT National Bank Examiners—Continued Federal reserve district No. Address 509 National Bank Building, Wheeling. W. Va. First National Bank, Joseph, Oreg. Gray, W. M. (Rec) Federal Reserve Bank Building, Boston, Green, A. W. (JG) Mass. Do. Greene, Thomas M 201 Federal Building, Peoria, 111. Greenfield, James B 800 Federal Reserve Bank Building, Kansas Griffey, O. A City, Mo. 720 United States Customhouse, New York, Griffin, Roy H___ N. Y. 213 IJederal Building, Des Moines, Iowa. Hadlock, Gerald B__ Post-office box 151, Lima, Ohio. Haneke, Edward C 1414 Jefferson Building, Philadelphia, Pa. H artman, Charles H Harwood, Edward G. (JG) Federal Reserve Bank Building, Boston, Mass. 312 Magnolia Building, Dallas, Tex. Hedrick, Gilbar C Care of City Insurance Agency, Bismarck, Hess, Grant H N. Dak. 720 United States Customhouse, New York, Hill, Roger W N....Y. 800 Federal Reserve Bank Building, Kansas Hodgson, R. M City, Mo. 238 Central Building, Seattle, Wash. Hooper, Marshall •1334 First National Soo Line Building, Minneapolis, Minn. Hoover, Paul E. (JG) Post-office box 606, Norman, Okla. Homer, H. N 326 Ten Eyck Street, Watertown, N. Y. Hotchkin, Paul L Care of. First National Bank, Bisbee, N. Dak. Hughes, John P. (Rec) Federal Reserve Bank Building, Boston, Hurley, Michael J . Mass. Sherman, Tex. Hutt, William E Johnson, A.W. (Rec.) (J.G) First National Bank, Lidgerwood, N. Dak. 331 Federal Building, Milwaukee, Wis. Johnson, C. E. H Johnson, Robin M. (Rec)_ First National Bank, Hearne, Tex. Joseph, Edward M Keegan Apartments, l l j ^ West Madison Street Danville, 111. Kane, Thomas F 715 Federal Reserve Bank Building, Cleveland, Ohio. 1310 Federal Commerce Trust Building, St. Kane, W. W. (JG) Louis, Mo. First National Bank, Torrington, Wyo. Kelly, Burdette (Rec) 875 South Williams Steet, Denver, Colo. Kennedy, L. G 440 Catawissa Avenue, Sunbury, Pa. Ketner, John H Post-office box 361, Ottumwa, Iowa. King, Frank L 407 West One hundred and forty-sixth Klein, Benton__ Street, New York, N. Y. 504 Post Office Building, Atlanta, Ga. Krippel, F. W 800 Federal Reserve Bank Building, Kansas Lahman, H. S. (Rec) City, Mo. Post-office box 321, Austin, Tex. Lamb, Ernest 120 United States Customhouse, New OrLammond, W, H leans, La. 1117 East Broad Street, Columbus, Ohio. Lanum, H. L 1203 Federal Reserve Bank Building, ChiLeyburn, A. P cago, 111. Post-office box 296, Salina, Kans. Libby, Harry C Post-office box 442, Albanjr, Ga. Lifsey, W. P Loewer, Charles H. (JG) _ _ 1414 Jefferson Building, Philadelphia, Pa. Graham, H. A 12 1 1 7 10 7 4 3 1 11 9 2 10 12 10 2 9 1 11 9 7 9 10 3 7 2 10 11 6 4 7 10 6 3 REPORT OF THE COMPTROLLER OF THE CURRENCY 63 National Bank Examiners—Continued Federal reserve district No. 12 2 1 9 10 11 3 7 Address Logan, J. M Lorang, Peter J Luiken, John B Lytle, Frank S McCandless, George T__. McCans, A. B McConaughy, R. C _. McCreight, Harry A 3 McGarvey, Frank S_ 4 McGinnis, Francis J.(JG) McGrath, John C McKee, Joel S___ McLean, Charles H Macdonald, F. G Madland, L. L Maguire, Edward J 7 12 2 9 2 8 11 11 2 6 10 7 5 12 10 1 2 10 7 6 6 12 1 Mann, Stuart H_ Mansfield, Fred S Marcom, Roy Marcuse, Benjamin Miles, A. F Millard, Samuel T Miller, Louis A Moon, Earl W Moore, George M Morgan, Clarence E. (JG) Mueller, Arthur M. (JG) Murphy, D. F Nieman, R. E Nelson, Nels (JG) Noone, D. L. (Rec.) Norman, Harry A Northcutt, V. H Oglesby, H. E Otto, Charles C Parker, Edward F 10 Pearson, Herbert (Rec) _ 7 Peterson, F. R Potter, Fulton F 436-437 H. W. Hellman Building, Los Angeles, Calif. Lenox Hotel, Buffalo, N. Y. Apartment 18, 250 North Main Street, Concord, N. H. Care of Paul C. Keyes, Federal Building, Aberdeen, S. Dak. 800 Federal Reserve Bank Building, Kansas City, Mo. Post-office box 1584, Waco, Tex. 1414 Jefferson Building, Philadelphia, Pa. 1203 Federal Reserve Bank Building, Chicago, 111. 1334 First National Soo Line Building, Minneapolis, Minn. 1414 Jefferson Building, Philadelphia, Pa. Post-office box 592, Indianapolis, Ind. 733 Federal Reserve Bank Building, Cleveland, Ohio. 406 Customhouse, Portland, Oreg. Post-office box 926, Buffalo, N. Y. 1334 First National Soo Line Building, Minneapolis, Minn. 720 United States Customhouse, New York> N. Y. 1310 Federal Commerce Trust Building, St. Louis, Mo. Post-office box 1067, Fort Worth, Tex. 3521 Eutopia Street, Greenville, Tex. 560 West One hundred and forty-fourth Street, New York, N. Y. No. 4 Thornton Apartment, Redgate Avenue, Norfolk, Va. Post-office box 822, Nashville, Tenn. 800 Federal Reserve Bank Building, Kansas City, Mo. 335 Federal Building, Rock Island, 111. Post-office box 752, Cumberland, Md. 238 Central Building, Seattle, Wash. 800 Federal Reserve Bank Building, Kansas City, Mo. Brock House, Rutland, Vt. 720 United States Customhouse, New York, N. Y. 1334 First National Soo Line Building, Minneapolis, Minn. 224 Federal Building, Salina, Kans. 1203 Federal Reserve Bank Building, Chicago, 111. Post-office box 1175, Lakeland, Fla. Post-office box 1246, Montgomery, Ala. 406 Customhouse, Portland, Oreg. Federal Reserve Bank Building, Boston, Mass. First National Bank of Hayward, Hayward, Wis. 800 Federal Reserve Bank Building, Kansas City, Mo. 110 North Adams Avenue, Mason City, Iowa. 64 EEPOET OF THE COMPTROLLER OF THE CURKE25TCT National Bank Examiners—Continued 10 12 5 2 8 10 12 11 7 1.1 9 1 8 7 12 11 9 9 6 3 4 9 2 5 2 9 2 11 4 5 62 South Dale Street, St. Paul, Minn. 800 Federal Reserve Bank Building, Kansas City, Mo. 1103 Alexander Building, San Francisco, Calif. 710-715 Bond Building, Washington, D. C. Ramsdell, Paul C 720 United States Customhouse, New York, Rasmussen, Frank E.. N. Y. St. Regis Apartment, 4954 Lindell BouleReinholdt, Carl A vard, St. Louis, Mo. 314 West Twenty-fifth Street, Cheyenne, Riley, Jay M Wyo. Ritt, Charles J. (JG).-- 1103 Alexander Building, San Francisco, CaKf. Roberts> Joseph H. (JG). _ 312 Magnolia Building, Dallas, Tex. 651 Kellogg Street SE., Grand Rapids, Mich. Robinson, E. Robert Care of Federal Reserve Bank, Houston, Tex, Roots, J. O 17 Magfll Block, Fargo, N. Dak. Ross, M. A Federal Reserve Bank Building, Boston, Ryan, Frank J Mass. 130 West Adams Street, Kirkwood, Mo. Sailor, Vance L Post-office box 96, Spencer, Iowa. Sanders, J. L 436-437 H. W. Hellman Building, Los Sawyer, L. M., jr.. Angeles, Calif. 1812 Burns Avenue, Detroit, Mich. Schechter, William J Schofield, John W. (U) - _. 1539 Hayworth Avenue, Hollywood, Calif. 519 Bedell Building, San Antonio, Tex. Sellers, W. B 17 Magill Block,. Fargo, N. Dak. Sevison, Henry 104 Torrey Building, Duluth, Minn. Sheehan, W. F Smith, Clarence F. (WFC) Care of Atlanta agency, Atlanta,. Ga. Post-office box 981, Harrisburg, Pa. Smith,, George g F Post-office box 336, West Newton, Pa. S i t h George G H Smith, Weiser, Idaho. Smith, John H. (Rec) 720 United States Customhouse, New York, Smith, Robert F N. Y. Care of First National Bank, Sterling, Colo. Smith, Roy E. (Rec)_ 720 United States Customhouse, New York, Smouse, Murray C _ N. Y. 710-715 Bond Building, Washington, D. C. Snapp, John W Post-office box 231, Sunbury, Pa. Snyder, Vernon G_ 1334 First National Soo Line Building, Stevens, Lyle T___ Minneapolis, Minn. Room 217, Office of Comptroller of the CurStewart, Adelia Mrency, Treasury Department, Washington, D. C. Post-office box 63, East Falls Church, Va. I Stewart, Charles A_. 720 United States Customhouse, New York, ! Stillman, William P_ N. Y. Post-office box 313, Honolulu, Hawaii. Stobie, CVA „ Storing, Charles C. (Rec). Lock box 450, Mandan, N. Dak. Post-office box 536, Waterloo, Iowa. Stuart, Robert K 715 Federal Reserve Bank Building, CleveSwenson, Loren T land, Ohio. ! Swords, George W. (Rec) _ 1334 First National Soo Line Building, Minneapolis, Minn. 425 Summer Avenue, Newark, N. J. Thompson, K. W_ 1851 North Eighth Street, Abilene, Tex. Thorn, Leslie D__ Post-office box 466, New Castle, Pa. Tripp, Homer S__ Post-office box 332, Raleigh, N. C. Tucker, G. H Power, R . E Preussner, Don A. Price, Albert E. (JG) REPORT OF THE COMPTROLLER OF THE CUREE^CY; 65 National Bank Examiners—Continued Federal reserve district No. 10 6 2 12 7 7 2 2 12 4 10 2 12 9 12 Address 800 Federal Reserve Bank Building, Kansas, City, Mo. Vann, John R. (Rec) (JG) Care of First National Bank, Colquitt, Ga. 720 United States Customhouse, New York, Von Arb, E. A N. Y. 1107 A. Mattei Building, Fresno, Calif. Waldron, Walter J_ 1203 Federal Reserve Bank Building, ChiWalker, Harry W. .„ cago, 111. 1203 Federal Reserve Bank Building, ChiWanberg, J. F cago, 111. 720 United States Customhouse, New York, Watson, Ernest H N. Y. 720 United States Customhouse, New York. Watts, John L. (JG) N. Y. 327 Federal Building, Pocatello, Idaho. Weigand, Charles P_ Post-office box 1058, Pittsburgh, Pa. White, A. J Room 2, King Building, Norfolk, Nebr. White, O. W 720 United States Customhouse, New York,. Whitney, Harold S N. Y. 238 Central Building, Seattle, Wash. Wilde, M. C Care of Commercial National Bank, WilWilliams, C. L. (Rec)_._ mington, N. C. Care of First National Bank of Fergus Williams, F. D; (Rec)___ County, Lewistown, Mont. 1103 Alexander Building, San Francisco^ Williams, T.. M Calif. Office of Comptroller of the Currency, WashWilson, C. F - r ington^ D:. C. Pulaski National Bank Building, Pulaski, Wood, D.-R Va. 2619 Broadway, Little Rock, Ark. Woodside, Hal 1334 First National Soo Line Building, JMinneapolis, Minn. Wright, Irwin D General delivery, Reading, Pa. Wylie, Robert W Post-office box 477, Council Bluffs, Iowa. Wilson, E. B Young, William R______. 407 Central State National Bank Building, Memphis, Tenn. Turner, John W (Rec)=Acting as receiver of a national bank. (JG)-National bank examiner, junior grade. (WFC)=Detailed for temporary duty to War Finance Corporation. (U) =* Unassigned. CO.HTICTIOSS OF NATIONAL EAFK OFFICERS AMD OCTEKS FOE VIOLATIONS OF THE NATIONAL BANKING LAWS DUEIKS THE- YBAB EMBED 0CT0SEE 31, 19-25 Information furnished by the Department of Justice relative to convictions during the year ended October 31? 1925, of officers and employees of national banks, and others, for violations of the national banking laws, is shown in the following statement: Criminal cases under the national banking laws resulting in conviction during the year ended October SI, 1925 Name of officer and others C. B. Tambakis M.C.Wright Forest P. Hyatt Pasquale Garcia.. « T. T.Hyde George L. Dick.. Arthur Applegate J. L. McAdams Title and location of the bank Offense Commercial National Bank, Youngstown, Ohio. Embezzlement Citizens National Bank, Sumter, S. C do ..... Citizens Union National Bank, Louisville, Ky.. False entries and misapplication. Manager foreign department Citizens National Bank, Vandergrift, Pa False entries and embezzlement. Bookkeeper National Butchers & Drovers Bank, New York, Stealing. N. Y. .do. Aider and abettor.. None.. do do. .do.. ..dp., do ! do. .do.. do. do First National Bank, Watts, Calif _. Embezzlement President False entries do _ Assistant cashier Old National Bank, Evansville, Ind._ _. Embezzlement General bookkeeper.. Iron County National Bank, Crystal Falls, Embezzlement and false Cashier Mich. entries. President. Commercial National Bank, Charleston, S. C... False entries,. _ do Cashier... Conspiracy to make false statement. Abstraction and false entries. Peoples National Bank, Lakewood, N. J Clerk Farmers & Merchants National Bank, Redon- Abstraction Teller do, Calif. Employee Teller do Oscar Kameninski John Horton John Middleton Stephen Breese George Urlner Othar Jensen J. B. Deisenroth Alvin Steckler James J. Gaffney Position E. E. Chivers Richard Belisle George W. Hunter.. Assistant teller.. Cashier do Leo. A. Mergen Mont Berg Victor J. Seidel T. E. Cameron William B. Cooper Thomas E. Cooper. Jordan W. Richardson William M. Jeter Harold Wallace.. H. P. Beckwith do President Clerk..... Assistant cashier.. Former president.. President Vice president _do_-. Cashier. _. President. James S. Archdeacon Alfree W. Glynn Robert G. Gore John H. Smethers Teller Employee Transit clerk.. Paying teller.. Sentence 15 years 15 months 10 months in jail. 1 year and 1 day. 3 years On probation 5 years.. do .do., .do.. 2% years $500 fine. 4 years 1 year and 1 day. do.... $200 fine.. 1 year and 1 day 10 months in jail and $1,500 fine. 3 years and 3 days., Abstraction State National Bank, Ardmore, Okla $800 fine Embezzlement. First National Bank, Morris, Okla 1 year and 1 day... do Williamstown National Bank, Williamstown, W. Va. 5 years •False entries. _. Union National Bank, Beloit, Kans. $250 fine.... Perjury First National Bank, Quincy, Calif $100 fine Abstraction First National Bank, Altoona, Pa... 1 year and 1 day. Embezzlement. Home National Bank, Cleburne, Tex _ Commercial National Bank, Wilmington, N. C. False entries and abstraction 18 months 3 years. .do .do. Perjury and misapplication.. 6 months in jail. . State National Bank, Ardmore, Okla do _ 3 months in jail.. do.. do.... - . . — 12 months in jail. do — Misapplication and false en- 1 year and 1 day. Northern National Bank, Fargo, N. Dak tries. 13 months Security National Bank, Pasadena, Calif Embezzlement On probation pr suspended American National Exchange Bank, New York, do..... sentence, 1 year and 1 day. N.Y; Misapplication.. $200 fine First National Bank, Muskogee, Okla 90 days in jail and $500 fine.. Exchange National Bank, Tulsa, Okla ,._, Embezzlement.. Date of sentence 1924 Nov. 3 Nov. 5 Nov. 8 Nov. 14 Nov. 17 Do. Do. Do. Do. Do. Do. Nov. 20 Dec. 9 Dec. 10 Do. Dec. 15 Dec. 22 1925 Jan. 12 Jan. 30 Do. Jan. 31 Feb. 10 Feb. 11 Feb. 17 • Feb. 18 Do. Feb. 25 Do. Do. Mar. 2 Do. Mar. 9 Do. Do. William Stryker George Adair Grover O. Davies John Brodie S. L. Whitson Thomas B. Wright H. R. Parker A. B. Richardson President.. Clerk Employee.. do.. Cashier Assistant cashier.. Teller Bookkeeper George C. Hudspeth. Cashier.. Vice president.. F. H. Brown H. G. Arnold O. W. Armell Paul Wong Russell Neltner.. E. C. Aiken W. B. Morris.... E. F. Strain Thomas H. Lang.. Clifford S. Heller.. David G. Wilson. W. K. Robinson.. George D. Rich. Elmer Gwinner. S. A. Summers._ A. R. Steele Earl Fowler. S. J. Doyle.. Paul F. Reinking. L. J. Brian K. C. Hempstead.-. Charles W. Pardew. C. E. Hadsell-. William H. Camp... W. G. Baugh Maurice Wilkins Sam Hicks, jr Ivan Glavadanovic. Cashier TellerAssistant exchange teller Employee.. Receiver.. . Cashier President... Teller Assistant cashier.. do Cashier.. Employee .. Individual bookkeeper.. Bookkeeper do. _ do_. Cashier . do. Vice President. Employee _. Cashier Bookkeeper Cashier and vice president.. Assistant cashier Bookkeeper Employee Manager foreign department. Embezzlement and misapplication. Embezzlement. False entries... Embezzlement. Forgery, embezzlement, false entries, etc. Embezzlement, do Embezzlement, false entries, and abstraction. Misapplication, false entries, First National Bank, Goree, Tex and embezzlement. Abstraction and misapplicaFirst National Bank, Warroad, Minntion. Embezzlement. First National Bank, Grady, N. Mex First National Bank, Hanford, Calif. do Northwestern National Bank, Portland, Oreg... Abstraction and embezzlement American National Bank, Newport, Ky Embezzlement First National Bank, Sipe Springs, Tex...* .do. First National Bank, Farmville, Va .do. First National Bank, Gregory, S. Dak Embezzlement, misapplication, and false entries. Embezzlement and abstracFirst National Bank, Westville, N. J tion. Mount Holly National Bank, Mount Holly, Embezzlement Lumbermen's National Bank, Menominee, doMich. First National Bank, Volant, Pa Embezzlement and abstraction. , First National Bank, Mounds, HI Abstraction and false entriesSecond National Bank, Toledo, Ohio Misapplication Embezzlement Jackson State National Bank, Jackson, Miss National Bank of Commerce, Asheville, N. C... False entries Security National Bank, Arkansas City, Kans^.. First National Bank, Oakland, Calif First National Bank, Lakeland, Fla -... Philadelphia National Bank, Philadelphia, PaCitizens National Bank, Centerville, Tenn Citizens National Bank, Vicksburg, Miss First National Bank, St. Anthony, Idaho Edisto National Bank, Orangeburg, S. C Abstraction and false entries. Misapplication and false entries. Misapplication _. Misapplication, embezzlement, and false entries. First National Bank, Oklahoma City, Okla Embezzlement First National Bank, Monette, Ark. _ _ Misapplication __. First National Bank, Fort Wayne, Ind Embezzlement __. Commercial National Bank, Greenville, Tex... do Farmers National Bank, Tazewell, Va ._—do_: First National Bank, Alexandria, Va do ._ American National Bank, Nashville, Tenn Abstraction .. Merchants National Bank, Los Angeles, Calif.. False entries _ Growers National Bank, Fresno, Calif.. First National Bank, Poteau, Okla Perry National Bank, Perry, IowaFirst National Bank, Caddo, Tex—, $500fineand costs 2 years 1 year and 1 day. 3 months in jail. _ 5 years $500 fine— 18 months.. 2 years 4 months in jail. 5 years 2 years, on probation.. 1 year, on probation... 2 years $335 fine. I year and 1 day.. 3 years II months in jail- | Mar. 10 Do. Mar. 14 Mar. 21 Mar. 23 Do. Mar. 24 Mar. 25 Mar. 26 Apr. 1 Apr. ipr. 7 Do. Apr. 8 Apr. 10 Apr. 11 Apr. 13 Do. On probation Do. 1 year and 1 day Do. $1,000 fine... Apr. 14 2*4 years Apr. 15 5 years and $5,000 fine. Apr. 20 $100 fine. Apr. 23 3 months in jail $1fineand make restitution. May 4 Do. 2 years, on probation May 5 18 months and $100 fine May 8 1 year and 1 day May 12 14 months _ Do. 2 years May 13 1 year and 1 day. _ May 18 2 years and $1,000 fine _ May 23 2 years May 27 2 years and 6 months May 24 12 months in jail June 1 1 hour in custody of marshal- June 3 On probation, report quar- June 7 terly to United States attorney. Criminal cases under the national banking laws resulting in conviction during the year ended October 81, 1925—Continued Name of officer and others Walter Harbottle.. Floyd Bosserdet... J. C. Hale... Position Assistant cashier. Employee Cashier , Title and location of the bank Offense Sentence New First National Bank, Hartford,, Ark iVEisapplicatiqn --- 2 years and $.250 fine.First National Bank, Detroit, Mich— Embezzlement and false en- j 3 years, on probation. Farmers & Merchants National Bank, Farmers- Misapplication tries. " • ville, Tex. ' " 15 months .... Seventh Avenue National Bank, New York, Embezzlement. Employee. T. J. McNamara. 1 year, on probation... Embezzlement and false enBookkeeper. Fourth National Bank, Macon, Ga J. H. Rigdon ' tries. ' 1 year a$d 1 day Cashier J. M. Tapager Embezzlement First National Bank, Lake Mills,, Iqwa $500 fine and costs.. A. B. Anderson do. First National Bank, Ruthven, Iowa 1 Bookkeeper .doHerbert E. Clark.__ Cashier-_.5 years. First National Bank, Matoaka, W. Va -do_ F. W. L. Hageman.. Vice president1 year and 1 day_ Lincoln National Bank, Cincinnati, Ohio _ J. H. McNeill. Mis^pplication and con- $500 fine—.-.— Director Citizens First National Bank, Albany, Ga spiracy. J. E. Foy _ Cashier :.do_do_ -doE mbezzlement A. J. Pohlman do First National Bank, Iron River, Mich2 years and 6 months .._. First National Bank, Roosevelt, N. Y__. 2 years. Louis Steiner._ do .-..do do_. 2Vz years _ T. Smith Buckman ...I None Aider and abettor. 12 months in jail B. J. McGurl _ Cashier. _ First National Bank, Jessup, Pa M isappllcation 2 years. W. S. MaheiNone.. _ do Aider and abettor. 6 months in jail, $1,500 fine F. L. Butzloff I President City National Bank, Tipton, Iowa. Embezzlement and costs. Frank W. Quaite ! Assistant Cashier WaxahachieNational B.ank, Waxahachie, Tex.. Abstraction and false entries 1 year and 1 day Embezzlement On probation._. H. J. Vaniman I Vice president and cashier — First National Bank, La Ver4e, Gaiif Morris H. Rothston _. Teller. Fourth Street National Bank, Philadelphia, Pa. Thft Oh probation, report monthly. Embezzlement. $100 fine.. Allen D. Boggs Employee - Commercial National Bank, Shreve.pq.rt, La 2 years _ _.. Clinton N. Franklin... _do | Washington Park National'Ba,nk, Chicago, 111. _.I.dQ_——-... do 2 years, on probation L. B. Wpoters Assistant vice president j National Bank of Commerce, Houston, Tex.., Date of sentence 1925 June 8 Do. June 9 June 10 I Po. June 16 Do. June 17 July 1 July 4 Do. July 24 Sept. 10 Do. Sept. 17 Sept.* 23 Sept. 26 Oct. 5 Oct. 3 Oct. 10 Oct. 14 Oct. 20 O O H W O § w § OF THE COMPTROLUEB OF THE CTJEEESTCir 6# FEDERAL EESEEVE SYSTEM The resources of the 12 Federal reserve hanks amounted to $4,960,423,000 October 28, 1925, and exceeded the amount October 29, 1924, by $63,154,000. In this period the gold holdings of these banks showed a reduction of $261,277,000; bills discounted and bought an increase of $480,742,000; and holdings of United States Government securities, a reduction of $259,443,000. Capital stock amounted to $116,602,000, an increase in the year of $4,649,000, and surplus funds of $217,837,000 showed a reduction of $3,078,000. Member bank deposits showed an increase of $64,865,000, and collection items, an increase of $50,840,000. Statement showing the assets and liabilities of these banks at the dates of fall reports, since November 24, 1916, to October 28, 1925, and principal items of resources and liabilities at the close of each month since January 28, 1921, follow: [In thousands of dollars Nov. 16, 1917 Nov. 22, 1918 Nov. 28, 1919 Nov. 26, 1920 Oct. 26, 1921 Oct. 25, 1922 Oct. 31, 1923 Oct. 29, 1924 Oct. 28, 1925 1,584,328 52,525 681,719 241,906 1,273 2,060,265 55,992 2,078,219 177,314 27 2,093,641 66,025 2,709,804 314,937 2,023,916 171,364 2,983,133 320,614 2,786,239 150,909 1,371,075 190,946 3,085,083 126,835 727,090 408,636 27 3,111,078 119,219 1,088,498 91,837 317 3,043,826 130,068 437,969 584,200 2,782,549 163,443 918,711 324,757 3,121 428,544 22,111 819,010 28,700 1,013,426 32,208 709,401 36,152 540,067 55,679 653,493 63, 931 611,271 69,047 611,709 89,497 684,027 86,936 735,060 3,012,406 5,219,527 6,230,041 6,244,580 5,094,915 5,065,095 5,091,267 4,897,269 4,960,423 55,711 66,691 218,887 80,025 1,134 113,174 87,001 81,087 98,157 99,020 164,745 15,909 1,734,691 103,007 213,824 46,624 1,669,059 106,277 215,398 23,659 1,799,931 109,726 218,369 40,334 1,895,265 111,953 220,915 28,266 2,162,347 116,602 217,837 38,670 2,227,212 1,501,423 1,718,000 1,943,232 22,873 27,351 18,180 23,061 12,408,779 12,298,536 12,224,865 11,766,622 88,024 37,995 523 466,044 539,773 555,914 566,510 76,681 25,346 23,210 13,305 31,382 11,694,771 Nov. 24, 1916 ASSETS Gold Other lawful money..... Bills discounted and bought . _ United States securities . . Municipal warrants Federal reserve notes—net . . Due from Federal reserve banks—net Qncollected items All other assets ..« 459,935 17,9^4 122,593 50,594 22,166 15,414 43,263 . Total LIABILITIES Capital paid in . Surplus Government deposits Member bank deposits—net Due to member and nonmenber banks All other deposits. _ Federal reserve notes—net . . Federal reserve bank notes in circulation Collection items All other liabilities Total * In actual circulation. 26,319 637,072 .. 14,296 1,028 634 735,060 1 972,585 i 2,555,215 i 2,852,277 13,325,629 214,610 80,504 256, 793 8,000 582,442 620,608 861,436 240,437 107,534 50,867 50,058 4,383 3,012,406 5,219,527 6,230,041 6,244,580 5,094,915 5,065,095 5,091,267 4,897,269 617,350 16,599 3 S o o 3 o p 4,960,423 M BEPORT OF THE COMPTROLLER OF THE CURRENCY 71 The principal assets and liabilities of the 12 Federal reserve banks at the close of business each month, from January 28, 1921, to October 28, 1925, are shown in the statement following: [In millions of dollars] Assets Year Gold 1921 Liabilities dis- United Other Bills States cur- counted securiand rency bought ties Capital Surplus Gross Circudeposits lation 2,106 2,140 2,211 2,318 2,393 2,462 2,531 2,619 2,726 2,786 2,849 2,870 214 217 211 187 165 164 154 147 153 151 140 123 2,622 2,567 2,410 2,167 1,957 1,803 1,670 1,531 1,442 1,371 1,255 1,294 287 287 283 268 306 257 249 239 224 191 205 241 5,862 5,861 5,753 5,504 5,380 5,242 5,150 5,053 5,107 5,095 5,044 5,151 100 101 101 101 102 102 102 103 103 103 103 103 202 202 202 202 202 202 214 214 214 214 214 214 2,239 2,279 2,295 2,157 2,131 2,098 2,108 2,071 2,159 2,205 2,206 2,223 3,293 3,241 3,106 2,983 2,880 2,767 2,663 2,599 2,559 2,497 2,442 2,528 1922 Jan. 25 Feb. 2 1 . . . . . . . . Mar. 29 Apr. 26 May 31 June 28 July 26 Aug. 30 Sept. 27 Oct. 25 Nov. 29 Dec. 27 2,904 2,947 2,975 2,995 3,008 3,021 3,055 3,063 3,077 3,085 3,073 3,040 155 134 128 130 123 127 127 132 126 127 130 108 933 804 739 583 590 623 536 576 658 727 909 876 250 355 441 567 603 557 541 498 451 409 304 458 4,781 4,789 4,816 4,860 1 4,847 I 4,905 4,863 4,849 4,970 5,065 5,081 5,305 103 104 104 104 105 105 105 106 106 106 107 107 215 215 215 215 215 215 215 215 215 215 215 215 2,177 2,198 2,214 2,333 2,293 2,370 2,331 2,297 2,336 2,382 2,381 2,479 2,269 2,255 2,262 2,237 2,212 2,192 2,190 2,207 2,288 2,337 2,351 2,47S 1923 Jan. 31 Feb. 28 Mar. 28 Apr. 25.. May 29 June 27 July25 Aug. 29 Sept. 26 Oct. 31 Nov. 2 8 . . . Dec. 26 3,076 3,073 3.0C4 3,085 3,109 3,111 3,114 3,121 3,117 3,111 3,112 3,071 206 175 178 165 148 164 160 149 150 117 144 136 786 803 954 911 989 979 937 989 1,034 1,088 1,083 1,194 354 363 249 194 189 135 96 94 92 92 84 104 5,014 5,087 5,068 5,041 5,073 5,038 4,953 4,967 5,078 5,091 5,098 5,169 108 109 109 109 109 109 110 110 110 110 110 lip 218 2,471 218 2,499 218 2,492 218 2,473 218 2,476 218 2,462 218 2,410 218 2,393 218 • 2,481 218 2,515 218 2,498 218 2,473 2,307 2,250 2,235 2,225 2,252 2,229 2,196 2,226 2,248 2,225 2,247 2,341 3,143 3,123 3,123 3,120 3,118 3,156 3,155 3,115 3,069 3,044 3,046 2,937 180 158 151 152 143 169 155 132 130 130 122 173 794 795 685 572 516 395 318 312 352 438 502 701 121 156 257 302 333 430 505 542 575 584 582 540 4,842 4,890 4,851 4,811 4,725 4,791 4,740 4,704 4,812 4,897 4,960 5,096 110 111 111 111 111 111 111 112 112 112 112 112 221 221 221 221 221 221 221 221 221 221 221 218 2,475 2,522 2,521 2,539 2,486 2,599 2,634 2,618 2,737 2,784 2,203 2,311 2,021 2,023 1,983 1,926 1,891 1,844 1,762 1,741 , 730 ,767 7845 2,939 2,894 2,867 2,851 2,838 2,811 2,791 2,762 2,760 2,783 218 192 197 197 196 204 202 177 154 1G3 581 751 685 667 692 697 679 781 901 919 394 365 344 349 349 325 330 332 343 325 4,800 4,942 4,787 4,750 4,757 4,749 4,680 4,728 4,906 4,960 112 114 114 115 116 116 116 116 116 117 218 218 218 218 218 218 218 218 218 218 2,265 2,270 2,184 2,187 2,202 2,210 2,201 2,237 2,268 2,297 Jan. 28 F,eb. 25 Mar. 25 Apr. 27 May 25 June 29 July27 Aug. 24 Sept. 28 Oct. 26, Nov. 30 Dee. 28 Jan.30 Feb.27 Mar. 26 Apr. 30 May 28 June 25 July 30 Aug.27.._ Sept. 24 Oct. 29 Nov. 26 Dec. 31 Jan. 28... Feb. 25 Mar. 25 Apr. 29 May27 June 24 July 29 Aug.26 Sept. 30 Oct. 28 1924 1925 67746°—261 6 ,729 ,709 ,684 ,671 ,634 ,598 6U ,6 ,691 72 REPORT OF THE COMPTROLLER OF THE CURRENCY Percentage of bills discounted secured by United Stales Government obligations to total bills discounted and purchased by Federal reserve banks at the end of each month, year ended October 31, 1925 [In thousands of dollars] Discounted bills secured by United States Government obligations Date 1924 Nov. 29 Dee. 31 - _ ! Percentage j of discounted bills secured by GovTotal ernment holdings of obligations discounted and purto total chased bills holdings of discounted and purchased bills 112,694 186,840 555, sm 701,228 20.3 26,0 169,539 263,107 207,594 233,921 228.244 245,321 272, 258 308,990 316, 794 299,431 624,891 731,184 710,757 691,063 739,233 733,975 713, 618 789, 241 901, 498 963,076 27.1 38.0 29.2 33. 8 30.9 33.4 38.2 39.2 35.1 31.1 1925 Jan. 31 Feb. 28 Mar. 31 Apr. 30 May 31 June 30— July 31. Aug. 31 Sept. 30 Oct. 31 - - - FEDERAL RESERVE BA3TK DISCOUNT RATES The discount rates of each of the 12 Federal reserve banks, in effect October 31,1925, with relation to each class of paper, are shown in the following statement: Discount rates of Federal reserve banks in effect October SI, 1925 Paper maturing— After 90 days but within 9 months Within 90 days Federal reserve bank Commercial, agricultural, and livestock paper, n. e. s. Boston NewYork___. Philadelphia.. Cleveland Bichmond Atlanta Chicago St. Louis Minneapolis.Kansas CityDallas San Francisco. Secured by United States Bankers' Government acceptances obligations Agricultural» d tk *£ acceptances ! paper 3* 4 4 4 4 4 4 m f 4 4 4 4 3,4 i Including bankers' acceptances drawn for an agricultural purpose and secured by warehouse receipts, etc. REPORT OF THE COMPTROLLER OF THE CUEBEKCY 73 DISCOUNT BATES PEEVAXLIHG Iff FEBEKAL EESEEVE EA¥K A3TO BEAFCH CITIES Customary rates charged on various classes of loans and discounts in the cities in which Federal reserve banks and their branches are located, as reported by representative banks to the Federal Reserve Board, for weeks ended October 15, 1924, and September and October 15, 1925, are shown in the following statement. In publishing this information, the Federal Reserve Board called attention to the fact that the rates given are not averages, but are those at which the bulk of paper of each class, was handled by the reporting banks. In instances where reports did not indicate clearly the rate covering the bulk of paper handled, a range of rates most commonly charged, was given. Discount and interest rates prevailing in various cities during iveeks ended October 15, 1924, and September and October 15, 1925 Customer's prime commercial paper Interbank loans District and city 30-90 days Loans secured by Liberty bonds 4-6 months Oct., Sept., Oct., Oct., Sept., Oct., Oct., Sept., Oct., Oct., Sept., Oct., 1925 1925 1924 ! 1925 1925 1924 1925 1925 1924 1925 1925 1924 4 -5 1—Boston 4f-5 2^-New York 5 -6 Buffalo.. 5 3—Philadelphia 54-6 4—Cleveland Pittsburgh 6 Cincinnati _. 6 5H* 5— Richmond 4J-5J Baltimore 5-6 6—Atlanta Birmingham 6 Jacksonville 6-8 New Orleans 5 -6 Nashville _ 5f-6 7—Chicago 4*-5 Detroit _ _ 41-5 8—St. Louis6 Louisville „ 5-6 Little Rock 9—Minneapolis 8 Helena 5 10— Kansas City Omaha _. 5 Denver 6 Oklahoma City _ 5 -7 11—Dallas 41-6 El Paso 4$-8 Houston 5 -6 4*-64 12—San Francisco 6-7 Portland 6 Seattle 5-7 Spokane Salt Lake City 5-6 Los Angeles 6 4i-5 5 -6 4|-5 5*-6 5-6 5-8 5f--6 4*-6* 5 -6 6 5-8 5 -S « 5 -6 4*-4* 8 5 4 -6 6 5 -7 4i-6 44-8 5 -6: 5~5^ 6-7 6 5 -7 5 -6 6 3^-5 5-6 4-4* 5-6 5 -6 54-6 5 -5* 4f-5i 5 -6 5-8 3*-8 5 -6 6 4 -5 4§-6 3^5 6 -i 5 2 6 6 5 -6 44-54 5 -6 6 4 -8 5 -7 5 4*-5* 5 -6 54-6 6 4-6 6 4f-6 6-7 7 4 -6 V 8 5 -6 4^5 5 -6 6 6 5 -7 6 6 H 4i~5 6 4*-5 5*-6 5 -6 5 -6 5 -5| 4£54 5 -6 6 4*-8 5 -7 i 5 4 4 -5 5 44; 5 -8 5 5 -6 5 -6 5 -54 4*-e* 5 44-51 4 4 - 5 ! 5 -6 5 -6 5 - 6 6 -7 5-6 5 - 6 3|-7 5-6 5 - 6 3J-6 6 4 -44 5 -6 5 -6 6 54-6 4*-6* 5 -54 4^6 4*-6 44-5 6"5* 3 6 6 5 6 54-6 6 44-5* 64 8 6 -r 5 -54 5 -6 4 -6 j 44-6 6 4* 6-64 5-7 6-7 6 -7 4*-6 4 -6 5 -6 4|-8 8 6-7 5-6 5-6 4J-5 6 6-6f 6-7 5 -64 4-6 6-7 6-7 6 -7 i 5-6 5f-6 52 5-54 5 54-6 6* 6 -3 6 5*-6 6 -f> 6 -7 5 -6 6-7 4*-6 5 -6 6 5 -6 6-7 6-7 6 4f 4 - 4 | 4-5 5 -6 5*-6 4-4* 5 4* 5-6 5 -6 5-6 5 -54 5-54 5 -6 5-6 5 5-5* 44-6 41-6 6 6 4 - 8 5-8 5 -6 5-6 5 -6 44-54 4i4 i4 5 -6 44-6 5 -5 5 -54 6 5 6 5-6' 5 -6 4f 4i 5 -6 4^-5 5 -6 6 6* 54-6 5 4|-6 6 4 -8 5 -6 31 5-6 5 6 5 -6 5-6 7 -8 6 5-6 6 -7 6 6-7 6 -8 6-7 5 -6 5 -6 5-6 6 6 6 -7 6-7 5-6 4-6 7 -8 7-8 5-6 5-6 54-6 5-3 6 -7 6-7 6 6 6 -7 & 6 6 6-7 6-7 74 REPORT OF THE COMPTROLLER OF THE CURRENCY Discount and interest rates prevailing in various cities during weeks ended October 15, 1924, and September and October 15, 1925—Continued Loans secured by stocks and bonds Demand District and city Loans secured by warehouse receipts Time Cattle los Oct., Sept., Oct., Oct., Sept., Oct., Oct., Sept., Oct., Oct., Sept., Oct., 1925 1925 1924 1925 1925 1924 1925 1925 1924 1925 1925 1924 5 1—Boston 2—New York - . 44-5 Buffalo 5 -6 3—Philadelphia 5 4—Cleveland -_ _- - ._ 54-6 Pittsburgh 6 Cincinnati 54 5—Richmond _ _ _ 54-6 Baltimore 5 -5| 6—Atlanta 5 -6 Birmingham 6 Jacksonville 44-8 New Orleans 5 -6 Nashville 54-6 7—Chicago 44-5 Detroit -.. 4 -6 8-^St Louis Louisville Little Rock 9—M inneapolis 44-5 Helena . 6 10—Kansas City Omaha Denver Oklahoma City 6 5 -6 11—Dallas 7 -8 El Paso Houston _44-6 5 -6 12—San Francisco 6 -7 Portland 6 Seattle 8 Spokane 6 -7 Salt Lake City 6 -7 Los Angeles 5 5*-6 44 54-6 5 -6 5 -54 54-6 5 -54 5 -6 6 5-8 5 -6 64-6 44-5 5 -6 3 5 -6 34-5 6 5 -6 54 5 -6 44-54 5 -6 6 6 -7 5 -6 54-6 4 -6 44-6 4 -54 6 6 6 44-54 5 -6 5 -6 4J-6 5 -6 6 -7 6 2 -7 5 -6 5 -7 8 8 5 -6 5 -6 5 -6 5 -6 6 -7 6 -7 6 6 8 8 6 6 6 -7 6 -7 43-5 44-5 6 5 -6 5 44 54-6 54-6 6 5 -6 54 54-6 54-5f 5 -7 6 6 44-8 5^-6 5 -6 54-6 44-5 4 4f 44-5 6 5 54-6 6 6 54-6 6 5 -6 6 44-8 5 -6 54T6 54-6 44-5 44-5 5 -6 4-54 3 2 6 6 6 -7 6 44-6 8 5 -6 5 -6 6 6 -7 6-7 6-7 5 -8 5 -6 8 8 5 -6 5 -6 5 -6 6 6 -7 6 -7 7 6 -7 7 7 -8 7 5 -7 7 7 52-6 34-4 6 5 -6 54-6 5 -6 44-54 -6 65 -7 6-8 5 -6 111 fcfi 44-5 44-54 6 6 44-54 '6 -8 6 41-6 5 -6 6-8 5 -6 8 5 -6 5 -6 6 -7 6 7 6-7 6 6-7 5 -6 6 -8 6 -6 6 6 -7 6 6 -8 6 -7 6 -7 6 44-54 54-6 6 5 -7 54 6 5 -6 6 44-8 5 -6 54-6 5-6 5 -6 4-i-54 6 6 5 -6 6 6 -7 6-7 5 -8 8 5 -6 6 6 -7 7 6 -7 6 -7 6 -7 4 -5 6 44-6 54-6 6 6 -7 5| 5 -6* 6 44-7 5 -7 5|-6 5-6 5 -54 5 - 6 5 -6 5-6 5-6 6 -7 5 -6 6 -7 6 -8 6-8 5 -7 8 5 -6 6 6 -7 6 -7 7 7 7 6 6 g 6 -7 7 6 -7 6-8 7 -8 8 6 -8 8 6 -7 54-7 6-8 6 -8 6 -8 8 7 -8 5-6 6 6-7 Q 6-7 6-7 6-8 7-8 7 -8 8-10 6 -8 6 -64 6 -64 6 7 6 -7 6-7 7-8 7-8 7 1 7 7 1 RATES FOR MONEY IN N E W YORK The range of rates for various classes of paper in the New York money market, in the year ended October 31, 1925, supplemented by information relative to the range of rates annually since 1916, is shown in the statements following furnished by the Financial and Commercial Chronicle. The low point in the rate of call loans, was 2 per cent, the high point was 6, and the range during the month of October last, was from 4 to 6 per cent. The high point for 60-day paper was 5 per cent, the low point, 3)4, and the range during October was 4)^ to 5 per cent. The nigh point for double-name commercial paper was 4J^ per cent, the low point, 3J^, with rates during the month of October which ranged from 4}£ to 4y%. The rates for sterling bills, 60-day, sight, and cable transfers, ranged from $4.50% in November, 1924, to $4.85 in October, 1925. REPORT OP THE COMPTROLLER OF THE CURRENCY 75 Rates for money in New York 1924 November Call loans, stock exchange: Range Time loans: 60 days 90 days 4 months 5 months 6 months Commercial paper: Double names— Choice, 1 4 to 6 months. Single names— Prime, 1 4 to 6 months. Good, 4 to 6 months... 2 1925 December February January March April Septem- October -4 1925—Continued May July June August Call loans, stock exchange: Range Time loans: 60 days 90 days 4 months 5 months 6 months _ Commercial paper: Double n a m e s Choice,1 4 to 6 months Single names— Prime, 1 4 to 6 months. Good, 4 to 6 months. _ 4 -4M 4- 4H I 1 Rates for choice double and prime single names are identical. NOTE.—60 and 90 day paper nolonger quoted, aslittle or no paper of these short maturities is now being made. As rates previously, however, for 60 to 90 day paper were identical with those for 4 to 6 months paper, present rates are properly comparable with previous rates, the standard for all recent years being 4 to 6 months paper. Rates for sterling bills [Range for month] 60-day November December January February March April May June July August September October _ 1924 1925 , $4.50^-4.6 4.60%-4.7 Sight $4.5334-4.63J> 4. 63^-4. 73^ Cable transfers $4.53K-4.64i« 4.63^-4.73J> Comparison of the range of rates for call loans, 60-day time loans, and two-name commercial paper loans in New York annually for 1916 to 1925 is shown in the statement following: Range of rates for money in New York annually, 1916 to 1925 1917 1916 1919 1918 1920 Range Range Range Range Range Range Range Range Range High Low for DeHigh Low for Defor for High Low for Defor High Low for Defor for High Low for December cember January cember January cember January cember January January Call loans Time loans (60 days) Commerieal (2-name)... 1343 234-2^ 3 -3H 15 10 53^-25 6 - 7 &K- 6 3 -6 5 -5 5 -5 4k 4H 1921 1922 7 ~V a o H W O 1925 1924 1923 w 6-20 7- 8 Range Range Range Range Range Range Range Range Range Range High Low for OcHigh Low for DeHigh Low for Defor High Low for Defor for for for High Low for December January tober cember January cember January January cember January Call loans Time loans (60 days) Commercial (2-name)... -8 9 a -iy2 7K-S 8 6 3H 5 5 434-6 5 -5}4 3 -6 6 3^-4 if 2M 3M-5M 3 ^ 4^-5 4H-4^ 33^-5^ 4^-5 4>/2-4H 6 5M : 3K 4K 434-6 4^-5 4M-S 3^-6 4)4-5 4^-5 6 5 5 2 234-5 2 -53/2 2 2 -3M 3 ^ - 3 ^ 3M-3M 3M-3% 6 5 43^ 4 -6 3K 43/2-5 3M 4M~4}^ w 8 REPORT OF THE COMPTKOL*LEB OF THE CUBKEHCY 77 NEW YORK CLEAEJHG HOUSE The number of banks comprising the New York Clearing House Association was reduced from 40 to 36, in the year ended September 30, 1925, as disclosed by statistics furnished by Mr. W. J. Gilpin5 manager of the New York Clearing House Association. The capital of these banks was $326,350,000; the aggregate clearings in the year amounted to $276,873,935,000 and showed an increase over the prior .year of $41,375,286,000. Aggregate balances amounted to $29,721,103,000; average daily clearings were $913,775,000, and the average daily balances were $98,089,000. The percentage of balances to clearings was 10.73. CLEARING HOUSE ASSOCIATION IH THE 12 FEDERAL RESERVE BAITK CITIES, AffD ELSEWHERE The transactions of the clearing house associations in the 12 Federal reserve bank cities in the year amounted to $404,498,906,000 and exceeded the amount in the prior year by $53,803,053,000. The total clearings of associations in 24 other principal cities, each of which had clearings in excess of $1,000,000,000, amounted to $65,752,142,000, and showed an increase of $5,140,756,000. The aggregate clearings of all associations reported amounted to $505,298,883,000, and exceeded the amount in the year ended September 30, 1924, by $62,605,097,000. The clearings of associations in the 12 Federal reserve bank cities, equaled 80.05 per cent of the total clearings of all associations in the United States, and the increase in the clearings during the year, of the associations in these cities, was 85.94 per cent of the total increase. Tables showing the following information are published in the appendix of this report: Comparative statement of the New York Clearing House, annually since 1854; comparative statement of the transactions of the New York Clearing House in years ended September 30, 1925 and 1924; exchanges, balances and percentages of balances to exchanges, etc., by the New York Clearing House annually since 1893; comparative statement of the exchanges of clearing houses of the United States by cities, for years ended September 30, 1925 and 1924; and comparative statement of transactions of clearing house associations in the 12 Federal reserve bank cities and elsewhere, in years ended September 30, 1925 and 1924. BANKS OTHEE THAN NATIONAL Due to the cooperation of officials of banking departments of the several States, the comptroller is enabled to present in this report, as required by section 333, Revised Statutes, statistics with respect to each class of reporting banks other than national. STATE (COMMERCIAL) BAHXS The total resources of 16,983 State (commercial) banks amounted to $15,979,238,000 June 30, 1925, and showed an increase in the year of $1,163,227,000, notwithstanding a reduction in the number of reporting banks of 453. 78 EEPORT OF THE COMPTKOLLEB OF THE CURBENCY Loans and discounts were $9,282,839,000, an increase in the year of $416,871,000; overdrafts were reduced $4,270,000, and investments in United States Government securities and other miscellaneous bonds and securities aggregated $3,052,172,000 and showed an increase of $334,017,000. Banking house, furniture, and fixtures, showed an increase in the year of $29,645,000, and other real estate owned was increased $23,494,000. Balances due from correspondent banks and bankers, including lawful reserve with Federal reserve banks, amounted to $1,851,068,000 and showed an increase of $212,183,000; checks and other cash items were increased $50,222,000; exchanges for clearing house showed an increase of $43,377,000, and cash on hand, an increase of $11,319,000. Other resources showed an increase of $46,369,000. The capital stock of these banks was $1,062,264,000, an increase of $645,000; surplus funds amounted to $644,420,000, an increase of $41,634,000, and undivided profits were $226,988,000, and showed an increase of $18,232,000. Aggregate deposit liabilities were $13,402,017,000, an increase in the year of $1,089,304,000. The increase in individual deposits (demand and time), was $927,520,000; in deposits to the credit of correspondent banks, $140,120,000; in certified checks and cashiers' checks outstanding, $12,628,000 and in United States deposits $9,036,000. Paper rediscounted with Federal reserve banks and elsewhere amounted to $59,124,000 and showed a reduction in the year of $46,353,000, and other obligations for money borrowed, represented by bills payable, totaled $244,782,000 and showed an increase of $11,853,000. Other liabilities were increased to the extent of $47,912,000*. A summary of the resources and liabilities of State (commercial) banks, on the date indicated, follows: Summary of'reports of condition of 16,983 State (commercial) banks in the United States and island possessions at the close of business June SO, 1925 [In thousands of dollars] RESOURCES Loans and discounts (including rediscounts): On demand (secured by collateral other than real estate) 284,743 On demand (not secured by collateral) . 84, 693 On time (secured by collateral other than real estate) 303, 840 On time (not secured by collateral) 586, 475 Secured by farm land 165, 496 Secured by other real estate 152, 243 Not classified 7, 705, 349 Total 9, 282, 839 Overdrafts _ 35,819 Investments (including premiums on bonds): United States Government securities 525, 233 State, county, and municipal bonds 221, 495 Railroad bonds 68, 589 Bonds of other public service corporations (including street and interruban railway bonds) 145, 055 Other bonds, stocks, warrants, etc 2, 091, 800 Total 3, 052, 172 BEPOBT OF THE COMPTROLLER OF THE CURRENCY 79 Banking house (including furniture and fixtures) 430, 278 Other real estate owned 144, 660 Due from banks 1, 243, 607 Lawful reserve with Federal reserve bank or other reserve agents__ 607, 461 Checks and other cash items 323, 365 Exchanges for clearing house 198, 869 Cash on hand: Gold coin 13, 244 Silver coin 15, 511 Paper currency 167, 794 Nickels and cents 1, 122 Not classified 160, 289 Total Other resources 357, 960 302, 208 Total resources 15, 979, 238 LIABILITIES Capital stock paid in 1, 062, 264 Surplus 644,420 Undivided profits (less expenses and taxes paid) 226, 988 Due to all banks.-.. „ 606, 493 Certified checks and cashiers7 checks . 95, 845 Individual deposits (including dividends unpaid and postal savings): Demand deposits— Individual deposits subject to check 4, 447, 178 Demand certificates of deposit 342, 678 Dividends unpaid 9, 952 Time deposits— Savings deposits, or deposits in interest or savings department 2, 946, 336 Time certificates of deposit 1, 264, 818 Postal savings deposits 4, 807 Not classified 3, 666, 984 Total . 12, 682, 753 United States deposits (exclusive of postal savings) 16, 926 Notes and bills rediscounted 59, 124 Bills payable (including advances received from War Finance Corporation and certificates of deposit representing money borrowed) _ 244, 782 Other liabilities. _._ 339, 643 Total liabilities 15, 979, 238 LOAN AND TRUST COMPANIES The returns from 1,680 loan and trust companies June 30; 1925, with total resources of $11,565,549,000, showed an increase of 16 companies and an increase in resources of $1,241,772,000, since June, 1924. Loans and discounts of $6,122,785,000 showed an increase of $828,965,000; overdrafts were reduced $1,474,000 and investments in bonds and securities amounting to $2,801,346,000 showed an increase of $52,921,000. Banking houses, furniture, and fixtures were valued at $11,459,000 more than a year ago, and holdings of other real estate were increased $5,353,000. Balances due from correspondent banks* and bankers, including lawful reserve with Federal reserve banks, amounted to $1,249,093,000 and showed an increase of $175,119,000; checks and other cash items were increased $21,866,000; exchanges for clearing house 80 BEPOBT OF THE COMPTROLLER OF THE CURRENCY $4,112,000 and cash on hand $13,743,000. Other resources showed an increase of $129,708,000. Capital stock was $643,451,000 and showed an increase of $22,436,000; surplus funds were increased $50,944,000, and undivided profits increased $18,088,000. Balances due to correspondent banks totaled $871,720,000 and showed an increase of $233,372,000; certified checks and cashiers' checks were increased $11,034,000; individual deposits (demand and time) were $8,536,860,000, an increase of $751,529,000, and United States deposits were reduced $1,041,000. The net increase in deposit liabilities was $994,894,000. Liabilities incident to the rediscount of paper with Federal reserve banks and elsewhere were $34,244,000, and showed an increase of $12,162,000; bills payable amounted to $95,787,000, an increase of $18,211,000. Other liabilities increased $125,037,000. The resources and liabilities of loan and trust companies., June 30r 1925, are shown in the following statement: Summary of reports of condition of lT6S0 loan and trust companies in the United States at-the close of business June SOr 1925 [In thousands of dollars] Loans and discounts (including rediscounts): On demand (secured by collateral other than real estate)-. ;683, 943 On demand (not secured by collateral) 167, 806 On time (secured by collateral other than real estate) 294, 197 On time (not secured by collateral) 793, 457 Secured by farm land 18, 353 Secured by other real estate 681, 177 Not classified _ 3, 483, 852 Total &, 122, 7M Overdrafts _ 3, 722 Investments (including premiums on bonds): United States Government securities 349, 144 State, county, and municipal bonds 88, 314 Railroad bonds 291, 901 Bonds of other public service corporations (including street and interurban railway bonds) _ _ 181, 989 Other bonds, stocks, warrants, etc. _ 1, 889, 998 Total 2,801,346 Banking house (including furniture and fixtures) 248, 221 Other real estate owned 46, 776 Due from banks 499, 984 Lawful reserve with Federal reserve bank or other reserve agents. _ 749, 109 Checks and other cash items ^ 467, 969 Exchanges for clearing house «.----_ 35, 017 Cash on hand: Gold coin 4, 225 Silver coin 5, 566 Paper currency 94f 815 Nickels and cents 735 Not classified. . __ 54, 764 Total Other resources Total resources _--__-> _ - 160, 105 430, 515 11, 565, 549 ftEPOBT OF T H E COMPTROLLER OF T H E CURRENCY 81 LIABILITIES Capital stock paid in „ _. Surplus _ Undivided profits (less expenses and taxes paid) . Due to all banks Certified checks and cashiers' checks Individual deposits (including dividends unpaid and postal savings): Demand deposits-— Individual deposits subject to check 2, 615, 515 Demand certificates of deposit 65, 774 Dividends unpaid 6, 470 Time deposits— Savings deposits, or deposits in interest or savings department 1, 659, 180 Time certificates of deposit 176, 547 Postal savings deposits 5, 18© Not classified 4, 008, 188 64S> 451 723, .209 159; 03# 871, 720 41, 307 Total . 8, 536 r 86! United States deposits (exclusive of postal savings) 15, 741 Notes and bills rediscounted 34, 244 Bills payable (including, advances received from. War Finance Corporation and certificates of deposit representing money borrowed) 1 95, 787 Other liabilities 444, 194 Total liabilities 11, 565, 54t PRINCIPAL ITEMS OF RESOURCES AND LIABILITIES OF LOAH AND TRUST COMPANIES IN JUNE OF EACH YEAR, 1 9 1 4 TO 1925 The principal items of resources and liabilities of loan and trust companies for years ended June 30, 1914 to 1925, inclusive,, shown in the statement following: [In millions of dollars] Year I Number Loans * I 1914. 1&1S. 1918. 1U7. 1918. 1919. 1920. 1921. 1922. 1923. 1924. 3925. 1 1,564 1,664 1,606 1,608 1,669 1,377 1,408 1,474 1,550 1,643 1,664 1,680 2, 905. 7 3,048. 6 3, 704. 3 4,311. 7 4,403. 8 4,091. 0 4, 601. 5 4, 277,1 4,345. 4 5,064.1 o, 239. 0 6,126. & Investments 1,261.3 1,349. 6 1,605. 4 1, 789. 7 2,115.6 2,069. 9 1,902.1 1,942.6 2, 311.1 2,423. 8 2, 748. 4 2,801.3 Capital Surplus ind profits 462.2 476.8 4-75.8 505.5 525.2 450. 4 475.7 515. 5 532.3 591.4 621. 0 843,4 564.4 577.4 605.5 641.8 646. # 588. 6. 612.1 649. 5 680.2 739.9 813. 2 8S2.2 Total deposits 4, 289.1 4, 604. 0 5, 732. 4 6,413.1 6,493. 3 6,157.2 6, 518. 0 6,175. 0 6,861. 2 6,831. 0 7, 785. 3 9,465. 6 Aggregafct j resources J 5, 48§. S 5,873. I ' 7,028. 2 7,8m 8 8,317. 4!\ 7, 959. 9 8v 320.9 . 8,181.§ 8, 533. 8 9, 499. 2 10,323. 8 11,565.8 Includes overdrafts. STOCK SAVINGS BASTES The returns from 972 stock savings banks, June 30, 1925, showed total resources of $2,093,125,000. The increase in resources in the year was $169,741,000 and the reduction in the number of banks was 18. « Loans and discounts of $1,364,721,000, showed an increase of $62,611,000; overdrafts exceeded the amount a year ago by $90,000,! and investments in United States Government and other bonds and] 82 KEPORT OF THE COMPTROLLER OF THE CLTRRENCY securities amounted to $429,834,000, being $62,591,000 greater than on June 30, 1924. Banking houses, furniture, and fixtures showed an increase of $038,000 and other real estate owned an increase of $4,459,000. Balances due from correspondent banks and bankers showed an increase of $21,109,000; checks and other cash items, an increase of $2,128,000; exchanges for clearing house, a reduction of $388,000 and cash on hand, an increase of $312,000. Resources other than those enumerated showed an increase of $15,291,000. The paid-in capital stock of these banks amounted to $83,758,000, a reduction of $2,629,000; surplus funds of $44,893,000 showed an increase of $563,000 and undivided profits of $21,487,000 an increase of $2,444,000. Individual deposits, which constitute the major deposit liabilities of these banks, amounted to $1,918,230,000, and showed an increase of $171,621,000. The total of all other deposit liabilities was $8,106,000, the increase being $2,013,000. Liabilities for money borrowed totaled $8,773,000, and showed a reduction of $6,399,000. Other liabilities showed an increase of $2,128,000. Summary of the resources and liabilities of these banks follows: Summary of reports of condition of 972 stock savings banks in the United States at the close of business June 80, 1926 In thousands of dollars] RESOURCES Loans and discounts (including rediscounts): On demand (secured by collateral other than real estate) 7,063 On demand (not secured by collateral) 1, 156 On time (secured by collateral other than real estate) 8, 191 On time (not secured by collateral) 14, 119 Secured by farm land 4, 717 Secured by other real estate 32, 857 Not classified 1, 296, 618 Total Overdrafts Investments (including premiums on bonds): United States Government securities State, county, and municipal bonds Railroad bonds Bonds of other public service corporations (including street and interurban railway bonds) Other bonds, stocks, warrants, etc 1,364,721 536 161, 532 5,246 11, 567 7, 529 243, 960 Total Banking house (including furniture and fixtures) Other real estate owned Due from banks . Lawful reserve with Federal reserve bank or other reserve agents Checks and other cash items Exchanges for clearing house 429,834 56, 148 21, 535 123, 867 32, 137 11, 051 4, 368 &EPORT OF THE OOMPTKOLIiEB OF THE CURRENCY Gash on hand: Gold coin. Silver coin-.... Paper currency Nickels and cents Not classified...' 83 3, 054 13 1, 196 64 25, 098 , Total 29,425 Other resources 19, 503 Total resources 2, 093, 125 LIABILITIES Capital stock paid in * 83, 758 Surplus44,893 Undivided profits (less expenses and taxes paid) 21, 487 Due to all banks 958 Certified checks and cashiers' checks 696 Individual deposits (including dividends unpaid and postal savings): Demand deposits— Individual deposits subject to check 17, 101 Demand certificates of deposit 646 Dividends unpaid 74 Time deposits-— Savings deposits, or deposits in interest or savings department 1, 784, 668 Time certificates of deposit 5, 846 Postal savings deposits , 143 Not classified . . 109, 752 Total . „„ _-. 1, 918, 230 United States deposits (exclusive of postal savings) 6, 452 Notes and bills rediscounted „ 41 Bills payable (including advances received from War Finance Corporation and certificates of deposit representing money borrowed) 8, 732 Other liabilities.-_ 7, 878 Total liabilities , ... - 2,093,125 MUTUAL SAVINGS BAHKS The aggregate resources of 611 mutual savings banks June 30, 1925, amounted to $7,913,039,000, an increase since June 30, 1924, of $548,383,000. Investments in United States bonds and other securities amounted to $3,351,162,000, an increase of $133,619,000 in the year; Banking houses, furniture, and fixtures showed an increase in value of $9,969,000, and other real estate owned, an increase of $538,000. Balances due from correspondent banks and bankers amounted to $201,797,000, showing a reduction of $6,750,000; checks and other cash items showed an increase of $114,000; exchanges for clearing house, a reduction of $273,000 while cash on hand to the amount of $40,359,000, showed an increase of $62,000. Other resources amounted to $53,230,000, and exceeded the amount a year ago by $3,781,000. The surplus funds of these banks aggregated $833,176,000, showing an increase in the year of $74,390,000, and undivided profits of $116,523,000, an increase of $16,669,000. Total deposit liabilities amounted to $7,151,803,000, and exceeded the amount June 30, 1924, by $458,408,000. Of these liabilities 84 REPOBT OF THE COMPTROLLER OF THE CURRENCY Individual deposits of $7,146,951,000 showed an increase of $453-,705,000; balances due to banks, an increase of $4,134,000 and certified checks and cashiers checks, an increase of $569,000. Bills payable amounted to $518,000, exceeding the amount a year ago by $270,000, and other liabilities of $11,019,000; showed a reduction of $1,354,000. Summary, of reports of condition of 611 mutual savings banks in the United States at the close of business June 80, 1925 [In thousands of dollars] RESOURCES Loans and discounts (including rediscounts): On demand (secured by collateral other than real estate) 4,39* On time (secured by collateral other than real estate) ' 7,241 On time (not secured by collateral) 6,* 998 Secured by farm land 52$ Secured by other real estate 349, 405 Not classified _ 3, 814, 508 Total. -_. 4,183,071 Investments (Including premiums on bonds): United States Government securities 603, 750 State, county, and municipal bonds_. .__ 156, 48S Railroad bonds 634, 512 Bonds of other public service corporations (including street and interurban railway bonds) 233, 56& Other bonds, stocks, warrants, etc 1, 722, 844 Total Banking house (including, furniture and Other real estate owned Due from banks Checks- and other cash items . Exchanges for clearing house Cash on hand: Gold coin Silver coin Paper currency Nickels- and cents Not classified Total Other resources _ Total resources 3, 351, 162 76, 290 6r 017 201, 797 901 212 fixtures) 994 6S 3, 874 15 35, 406 - - - _ . 40,359 53, 230 7, 913,039 . 633,176 116, 523 4, 265 587 r > LIABILITIES Surplus Undivided profits (less expenses and taxes paid) Due to all banks Certified cheeks an4 cashiers' checks,—»•-...-.•--.«.......•. ,- REPORT OF THE COMPTROLLER OF THE CURRENCY 85 Individual deposits (including dividends unpaid and postal savings): Demand deposits— Individual deposits subject to check 7, 096 Time deposits-— Savings deposits, or deposits in interest or savings department 7, 139, 110 Time certificates of deposit 400 Not classified 345 Total-.-. ---7, 146, 951 Bills payable (including advances received from War Finance Corporation and certificates of deposit representing money borrowed) 518 Other liabilities 11,019 Total liabilities 7,913,039 DEPOSITOES AND DEPOSITS IB" MUTUAL AJTD STOCK SAVIFGS BAffKS The total individual deposits in mutual and stock sayings banks June 30, 1925, were $9,065,181,000 and exceeded the amount in June, 1924, by $625,326,000. The number of depositors was 14,539,947, or 568,154 more than a year ago. The average amount due each depositor in the mutual savings banks was $673.21, compared with $642.98 in June, 1924, and the average amoiant due each depositor in the stock savings banks was $488.88, compared with $490.34 a year ago. Statements showing information relative to the number of mutual and stock savings banks in each State, the number of depositors, the amount of deposits, the average amount due each depositor, and the per cent rates of interest paid by banks in each State, June 30, 1924 and 1925, with related data for each year, from 1914 to 1925, follow: Number of mutual savings banks, number of depositors, individual deposits, and average deposit account, by States, June 80, 1924 and 1925 1925 1924 States Number Depositors of banks Maine__ _ _ New Hampshire Vermont __ _ _ Massachusetts __ . Rhode Island Connecticut Total New England States 37 42 19 196 U4 78 231,844 237,541 125,987 2,784, 227 212,945 796,586 386 NewYork__ New Jersey., Pennsylvania _ Delaware._ Maryland . Total Eastern States. — 148 27 9 2 17 203 . Ohio Indiana Wisconsin >. . Minnesota.. Total Middle Western States. _ Washington California Total Pacific States ._ Total United States 1 Information as of June 27. Deposits Average Per cent due each rate of in- Number Depositors depositor .terest paid of banks $107,470,000 135,665,000 78,758,000 1,509,775,000 140,305,000 480,728,000 $463.54 571.12 625.13 542. 26 658.88 603.49 4,389,130 2,452,701,000 558.81 4,311,954 396,180 527, 735 44,715 295,885 3,372,854,000 206,405, OOO 337,588,000 21,054,000 146,785,000 759. 25 520.99 639. 69 470.85 496.09 5, 576,469 3,985,686,000 714. 73 734.64 543. 67 354. 68 379. 50 4.00 4.07 4.45 4.58 4.17 4.37 4.16 3.92 3.93 4.00 4.00 3.81 4.25 4.00 4.00 Deposits $108,715,000 141,092,000 84,047,000 1,608,380,000 146,491,000 505,394,000 Per cent Average due each rate of indepositor terest paid $468.65 587.67 660.41 569.83 661.95 622. 75 138 42 19 196 2 14 76 231,977 240,089 127,264 2,822,571 221,301 » 811,550 385 4,454, 752 2,594,119,000 582. 33 147 27 9 2 16 4,476,950 421,534 505,157 45,343 305,550 3,531,458,000 218,605,000 356,197,000 21,804,000 154,156,000 788.81 518. 59 705.12 480.87 504.52 201 5, 754, 534 4,282,220,000 744.15 3 5 7 5 97,830 33,387 15,675 131,194 77,346,000 19,524,000 5,764,000 56,985,000 790.62 584.78 367. 72 434.36 20 278,086 159,619,000 573. 99 4 1 60,866 67,977 35,099,000 75,894,000 576. 66 1,116. 47 3 5 6 7 97,859 33, 241 14, 757 145,884 71,891,000 18,072,000 5,234,000 55,363,000 21 291, 741 150,560,000 516.06 2 1 83,684 68,752 29,054,000 75,245,000 347.19 1, 094. 44 3 152,436 104,299,000 684.21 5 128,843 110,993,000 861. 46 613 10,409, 776 6, 693, 246,000 642.98 611 10,616,215 7,146,951,000 673. 21 8 00 C 5.00 4.00 Includes business of branches. «Sept. 30,1924. 4.00 4.13 4.43 4.58 4.17 4.40 4.11 3.93 3.84 4.00 4.00 4.00 4.50 3.75 4.25 5.00 4.00 I H O o o g H fcd O r* w o o d w S Number of stock savings banks, number of depositors, individual deposits, and average deposit account, by States, June 30y 1924 1924 States^ Number Depositors of banks Deposits 1925 1925 Average due each depositor Per cent rate of in- Number Depositors terest paid of banks Deposits Average due each depositor Per cent rate of interest paid 11 36,577 $16,922,000 $462. 64 4.00 11 37,069 $17,627,000 $475. 52 4.00 1 1 25 45,419 4,235 105,442 21,958,000 2, 086,000 29,505,000 483. 45 492. 56 279. 82 3.50 3.00 3.00 1 1 24 43, 027 4,139 100, 609 22,909,000 2,146, 000 32,848, 000 532.43 518. 48 326. 49 4.00 3.00 3.30 27 155,096 53, 549,000 345. 26 26 147. 775 57,903,000 391. 83 Florida 2 2 2,550 1, 333,000 522. 75 4.00 3 Michigan. Minnesota Iowa.. ._ 4 21,035 20,296 2 983,400 12, 577,000 11,364,000 386, 787, 000 597. 91 559.91 393. 32 3.75 3.79 4.00 1, 024, 731 410, 728,000 400.82 2 1 1,956 1,202 1,271, 000 255,000 649. 80 212.15 3 483. 22 New Hampshire... _ New Jersey Pennsylvania.. .... District of Columbia . Total Eastern States _„ _ v. 2 855 __ Total Middle Western States 861 Nebraska Wyoming New Mexico Total Western States... Oregon.. _ California.. Utah Nevada Arizona . . Total Pacific States Total United States _ ._ _ 1, 713,000 328.16 4.00 14, 463. 000 11,949, 000 385, 500, 000 727. 95 2,956. 21 290. 50 3.75 4,25 4.00 831 1, 350,910 411,912, 000 304.91 15 15, 856 4, 348,000 274. 22 15 15,856 4,348, 000 274. 22 12, 666 2,378, 082 56,402 3,400 16,352 4,621, 000 1, 389,393, 000 20, 247, 000 3, 754, 000 6, 712, 000 364. 83 584. 25 358.98 1,104.12 410. 47 1,424, 727, 000 577. 54 3,923, 732 1,918, 230, 000 488. 88 4.00 4.00 3,158 1, 526,000 59 6 69 3 17,900 2, 237,781 68,426 8,982,000 1, 228,356,000 19,129,000 501. 79 548. 92 279. 56 4.00 4.00 3.81 5 15,798 6,084,000 385.11 4.00 6 6 71 3 1 5 86 2,339,905 1,262, 551,000 539. 57 86 990 3,562,017 1, 746, 609,000 490. 34 972 1 No separate returns received from stock savings banks in any other States. 28 Estimated. Information as of May 1. 5,220 4 19, 868 2 4,042 3 825 * 1,327, 000 2,466,902 W o o H O 4.00 3.50 4.00 4.00 4.00 4.00 o cj *8 Estimated by superintendent of banks. Includes trust companies. 6 Includes savings business of departmental banks. OO 88 BEPOBT OF THE COMPTUOLIiER OF THE Number of savings banks (mutual and stock) in the United States, number of depositors, amount of individual deposits, and average amount due each depositor in years ended June 80, 1914, to 1925, inclusive. Year 1914—Mutual savings banks.. Stock savings banks 1915—Mutual savings banks.. Stock savings banks 1916—Mutual savings banks.. Stock savings banks 1917—Mutual savings banks,. Stock savings banks 1918—Mutual savings banks. Stock savings banks 1919—Mutual savings banks. Stock savings banks 1920—Mutual savings banks. Stock savings banks 1921—Mutual savings banks. Stock savings banks 1922—Mutual savings banks. Stock savings banks 1923—Mutual savings banks. Stock savings banks 1924—Mutual savings banks. Stock savings banks 1925—Mutual savings banks. Stock savings banks.... Banks Depositors 1,466 630 1,529 622 1,242 622 1,185 625 1,194 622 1,097 620 1,087 623 978 619 1,066 618 1,029 613 990 611 972 Deposits * 8,277,359 $3,915,555,286 2,832,140 1,018,330,071 8,307,787 3,950,585,631 2,977,968 1,046,096,917 8,592,271 4,187,916,941 2,556,121 901,936,188 8,935,055 4,422, 489,344 2,431,958 996,165,031 9,011,464 4,422,092,991 1,049, 694, 890 4,751,300,000 1,152,127,000 2,486,073 9,445, 327 5,186,952,000 1,982, 229 1,351,242,000 9,619, 260 5,575,147,000 1,118, 583 442, 851,000 9,655,861 5,779,506,000 2,883,136 1,401, 742,000 10,057,436 6,288,551,000 3, 282, 897 1,609, 358,000 10,409,776 6,693, 246,000 1,746, 609,000 3,562,017 10, 616,215 7,146, 951,000 3,923, 732 1,918, 230,000 Average due each depositor $473.04 359.56 475.53 351.28 487.40 352.85 494.96 409.61 490.72 443.27 530.94 463.43 549.16 681.68 579,58 395.90 598.55 486.19 625.26 490.22 642.98 490.34 673.21 488.88 i Dividends unpaid included. PRIVATE BANKS Private banks in the States of Texas, Michigan, and Iowa, are not subject to State supervision, and incomplete returns from these States account for a reduction in the number of such banks reporting in the year ended June 30, 1925, of 37. The total resources of 523 private banks, June 30, 1925, were $155,223,000, an increase in the year of $4,280,000. Loans and discounts amounted to $79,667,000, an increase of $4,151,000; overdrafts showed an increase of $302,000, and investments in bonds and securities, amounting to $35,155,000, showed an increase of $104,000; banking houses, furniture, and fixtures, were valued at $4,895,000, or $118,000 in excess of the amount a year ago, and other real estate owned showed an increase of $655,000. Balances due from correspondent banks and bankers amounted to $22,645,000, and declined $1,354,000 in the year; checks and other cash items increased $206,000; exchanges for clearing house increased $45,000, and cash on hand was reduced $36,000. Other resources showed an increase of $89,000. Capital of $10,803,000, showed a reduction of $368,000 and surplus and undivided profits of $10,402,000, showed an increase of $315,000. Individual deposits (demand and time), amounted to $126,236,000, and exceeded the amount June 30, 1924, by $5,717,000; balances due to banks of $1,073,000 showed a reduction of $409,000, and other deposit liabilities, a reduction of $20,000. The net increase in deposit liabilities in the year, was $5,288,000. Liabilities for money borrowed showed a reduction of $803,000, and other liabilities, a reduction of $152,000. Summary of the resources and liabilities of these banks follows: REPORT OF THE COMPTROLLER OF THE CURRENCY 89 Summary of reports of condition of 528 private banks in the United States at the close of business June 80, 1925 [In thousands of dollars] RESOURCES Loans and discounts (including rediscounts): On demand (secured by collateral other than real estate) __ On demand (not secured by collateral) On time (secured by collateral other than real estate) On time (not secured by collateral) Secured by farm land Secured by other real estate Not classified 1, 187 993 5, 482 7, 355 4, 113 1, 656 58, 881 Total 79,667 Overdrafts 830 Investments (including premiums on bonds): United States Government securities 5, 736 State, county, and municipal bonds „ 967 Railroad bonds 440 Bonds of other public service corporation (including street and interurban railway bonds) 560 Other bonds, stocks, warrants, etc 27, 452 Total „ 35,155 Banking house (including furniture and fixtures) 4,895 Other real estate owned 5, 307 Due from banks 19, 306 Lawful reserve with Federal reserve bank or other reserve agents 3, 339 Checks and other cash items, 647 Exchanges for clearing house 200 Cash on hand: Gold coin 238 Silver coin 175 Paper currency 2, 241 Nickels and cents 29 Not classified... 1, 149 Total Other resources 3,832 2, 045 Total resources 155,223 LIABILITIES Capital stock paid in _• 10, 803 Surplus . 8, 708 Undivided profits (less expenses and taxes paid) 1, 694 Due to all banks 1, 073 Certified checks and cashiers' checks 170 Individual deposits (including dividends unpaid and postal savings): Demand deposits— Individual deposits subject to check 42, 636 Demand certificates of deposit 12, 912 Dividends unpaid. 15 Time deposits— Savings deposits, or deposits in interest or savings department 12, 681 Time certificates of deposit 21, 724 Not classified 36, 268 Total 126, 236 Notes and bills rediscounted 616 Bills payable (including advances received from War Finance Corporation and certificates of deposit representing money borrowed) 2, 451 Other liabilities 3,472 Total liabilities . 155,223 90 REPORT OF THE COMPTROLLER OF THE CURRENCY ALL REPOBTIffG BANKS OTHER THAN NATIONAL The combined resources of 20,769 reporting banks, other than national, June 30, 1925, amounted to $37,706,174,000, and exceeded the reported amount, June 30, 1924, by $3,127,403,000. Loans and discounts aggregated $21,033,083,000, and were $1,719,923,000 greater than a year ago; overdrafts of $40,907,000 showed a reduction of $5,352,000, and investments in bonds and securities of $9,669,669,000 showed an increase of $583,252,000. Banking houses, furniture, and fixtures valued at $815,832,000 showed an increase of $52,729,000. Other real estate owned amounted to $224,295,000, an increase of $34,497,000. Balances due from correspondent banks and bankers, including lawful reserve with Federal reserve banks of member State banks and trust companies, aggregated $3,480,607,000, an increase in the year of $400,307,000. Checks and other cash items showed an increase of $74,536,000; exchanges for clearing house, an increase of $46,873,000; and cash on hand, an increase of $25,400,000. Other resources totaled $807,501,000 and exceeded the amount June 30, 1924, by $195,238,000. The combined paid-in capital was $1,800,276,000, or $20,084,000 more than a year ago; surplus funds of $2,054,406,000 showed an increase of $167,625,000; and undivided profits of $525,728,000, an increase of $55,654,000. Deposit liabilities aggregated $32,073,263,000, and were $2,721,528,000 more than in June, 1924. All deposit liabilities showed increases. The increase in bank balances was $377,218,000; in certified checks and cashiers' checks $24,083,000. The increase in individual deposits was $2,310,092,000; and in United States deposits $10,135,000. Liabilities incident to paper rediscounted amounted to $94,025,000 and showed a reduction in the year of $34,477,000, and bills payable of $352,270,000 showed an increase of $23,418,000. Other liabilities of $806,206,000 showed an increase of $173,571,000. Summary of the resources and liabilities of these banks follows: Summary of reports of condition of 20,769 State, savings, private banks, and loan and trust companies in the United States, Alaska, and insular possessions at the close of business, June SO, 1925 [In thousands of dollars] RESOURCES Loans and discounts (including rediscounts): On demand (secured by collateral other than real estate) 981,335 On demand (not secured by collateral) 254, 648 On time (secured by collateral other than real estate) . 618,951 On time (not secured by collateral) 1, 408, 404 Secured by farm land 193, 199 Secured by other real estate 1, 217, 338 Not classified 16, 359, 208 Total Overdrafts - 21, 033, 083 40,907 REPORT OF THE COMPTROLLER OF THE CURBENCY Investments (including premiums on bonds): United States Government securities State, county, and municipal bonds Railroad bonds Bonds of other public service corporation (including street and interurban railway bonds) Other bonds, stocks, warrants, etc 91 1, 645, 395 472, 510 1, 007, 009 568, 701 5, 976, 054 Total 9, 669, 669 Banking house (including furniture and fixtures) . 815, 832 Other real estate owned 224, 295 Due from'banks 2, 088, 561 Lawful reserve with Federal reserve bank or other reserve agents 1, 392, 046 Checks and other cash items 803, 933 Exchanges for clearing house 238, 666 Cash on hand: Gold coin 21, 757 Silver coin 21, 333 Paper currency 269,920 Nickels and cents 1, 965 Not classified 276, 706 Total 591,681 Other resources 807, 501 Total resources 37, 706, 174 LIABILITIES Capital stock paid in 1, 800, 276 Surplus 2,054,406 Undivided profits (less expenses and taxes paid) 525, 728 Due to all banks 1, 484, 509 Certified checks and cashiers' checks 138, 605 Individual deposits (including dividends unpaid and postal savings): Demand deposits— Individual deposits subject to check 7, 129, 526 Demand certificates of deposit 422, 010 Dividends unpaid 16, 511 Time deposits— Savings deposits, or deposits in interest or savings department 13, 541, 975 Time certificates of deposit 1, 469, 335 Postal savings deposits 10, 136 Not classified 7, 821, 537 Total 30, 411, 030 United States deposits (exclusive of postal savings) 39, 119 Notes and bills rediscounted 94, 025 Bills payable (including advances received from War Finance Corporation and certificates of deposit representing money borrowed) _ 352, 270 Other liabilities _ 806,200 Total liabilities 37, 706, 174 92 REPORT OF THE COMPTROLLER OF THE CURRENCY The resources and liabilities of each class of reporting banks, June 30, 1925, are shown in the following statement: Resources and liabilities of 20,769 State {commercial) banks, loan and trust companies, savings and private banks, June 30, 1925 [In thousands of dollars] 16,983 loan State (com- 1,680 and trust mercial) companies banks 611 mutual savings banks 972 stock savings banks 523 private banks 20,769 total banks RESOURCES Loans and discounts _. Overdrafts Investments (including premiums on bonds).Banking house (including furniture and fixtures) Other real estate owned Due from banks Lawful reserve with Federal reserve bank or other reserve agents _. Checks and other cash items Exchanges for clearing house Cash on hand _. Other resources Total resources.. _ 9,282,839 35,819 6,122, 785 3,722 4,183,071 1,364, 721 536 79,667 830 3,052,172 21,033,083 40,907 2,801,346 3,351,162 429,834 35,155 9, 669, 669 430, 278 144, 660 1, 243, 607 248, 221 46, 776 499,984 76,290 6,017 201,797 56,148 21, 535 123, 867 4,895 5,307 19,306 815,832 224, 295 2,088, 561 607,461 323,365 198, 869 357, 960 302, 208 749,109 467, 969 35, 017 160,105 430, 515 901 212 40,359 53,230 32,137 11,051 4,368 29,425 19, 503 3,339 647 200 3,832 2,045 1,392,046 803, 933 238, 666 591, 681 807, 501 15,979, 238 11, 565, 549 7,913,039 2,093,125 155,223 37, 706,174 643,451 723, 209 633,176 83,758 44,893 10, 803 8,708 159,036 871, 720 116, 523 4,265 21,487 958 1,694 1,073 1, 800, 276 2, 054,406 525,728 1,484,509 170 138, 605 1,918,230 126,236 30, 411,030 6,452 41 616 39,119 94,025 LIABILITIES 1,062,264 Capital stock paid in 644,420 Surplus _ Undivided profits (less expenses and taxes paid) _... 226, 988 606,493 Due to all banks Certified checks and cashiers' 95,845 checks Individual deposits (including dividends unpaid and postal 12, 682, 753 savings) _ United States deposits (exclusive of postal savings) 16,926 59,124 Notes and bills rediscounted Bills payable (including advances received from War Finance Corporation and certificates of deposit representing money borrowed) 244, 782 339,643 Other liabilities Total liabilities 15,979,238 41,307 8, 536,860 7,146,951 15, 741 34,244 95, 787 444,194 518 11,019 8,732 7,878 2,451 3,472 352, 270 806,206 11, 565,549 7,913,039 2,093,125 155,223 37,706,174 PRINCIPAL ITEMS OF RESOURCES AND LIABILITIES OF ALL REPORTING BANKS OTHER THAN NATIONAL, ON OR ABOUT JUNE 30, 1920-1925 The principal items of resources and liabilities of reporting banks other than national, for years ended on or about June 30, 1920, to 1925, are shown in the statement following: 93 REPORT OP THE COMPTROLLER OF THE CURRENCY Consolidated returns from State (commercial), savings, private banks, and loan and trust companies [In thousands of dollars] Items Loans 1_._ Investments 1920 17, 263, 796 7, 201, 060 626, 027 Cash _ 1,478, 473 Capital — Surplus and undivided profits. 1, 853, 435 23, 609, 798 Deposits (individual) 29, 667, 855 Resources 1 1921 1922 1923 1924 16, 761, 088 7, 356, 842 572, 218 1, 630, 081 1, 930, 364 22, 438, 941 29,153, 528 16, 501, 393 7,984, 242 503, 711 1, 636, 734 2,090, 012 23, 929, 952 29, 719, 357 18, 459, 327 8, 602, 844 505, 993 1, 723, 476 2, 206, 818 25, 990, 735 32, 523,145 19, 359, 419 9, 086, 417 566, 281 1, 780,192 2, 356, 855 28,100, 938 34, 578, 771 1925 21, 073, 990 9, 669, 669 591, 681 1, 800, 276 2, 580,134 30, 411,030 37, 706,174 Including overdrafts. RESOURCES AND LIABILITIES OF ALL REPORTING BANKS IN EACH STATE, ALASKA, AND INSULAR POSSESSIONS The combined resources of 28,841 reporting banks in the Continental United States, Alaska, and the insular possessions, June 30, 1925, were $62,057,037,000 and showed an increase in the year of $4,912,347,000. The reduction in the number of reporting banks in the year due to voluntary and involuntary liquidations was 507. Loans and discounts amounted to $33,883,733,000, and exceeded the amount a year ago by $2,456,016,000. Overdrafts showed a reduction of $6,075,000. Investments in Government securities and other miscellaneous bonds and securities totaled $15,400,113,000 and exceeded the amount in June, 1924, by $1,171,368,000. Banking houses, furniture, and fixtures were valued at $1,401,099,000 or $105,268,000 more than a year ago, and other real estate owned amounted to $335,486,000, an increase of $41,058,000. Balances due from correspondent banks and bankers, totaled $6,774,392,000, and showed an increase of $653,299,000; checks and other cash items of $954,177,000 showed an increase of $79,168,000; exchanges for clearing house of $1,226,960,000 an increase of $109,599,000, and cash on hand of $951,286,000, an increase of $39,786,000. Other resources showed an increase of $262,860,000. Paid-in capital stock amounted to $3,169,711,000 and showed an increase of $55,508,000; surplus funds of $3,173,334,000 exceeded the amount a year ago by $205,975,000, and undivided profits of $1,007,439,000 showed an increase of $35,709,000. Aggregate deposit liabilities were $51,982,932,000 or $4,283,360,000 greater than a year ago. With the exception of United States deposits, which declined $5,082,000 in the year, all other deposit liabilities increased. Balances due to banks of $4,370,909,000 increased $442,617,000; certified checks and cashiers' checks of $698,861,000 were increased $34,004,000 and individual deposits aggregated $46,765,942,000, an increase in the year of $3,811,821,000. Obligations for money borrowed on account of rediscounts amounted to $327,899,000 and exceeded the amount a year ago by $2,619,000, and bills payable of $597,377,000 showed an increase of $124,678,000. Other liabilities increased $285,690,000. The population of each State, number of reporting banks, resources and liabilities, and classifications of loans and discounts, investments, cash, and deposits, June 30, 1925, with a recapitulation by classes of banks, is shown in the following statement: Assets and liabilities of all reporting banks in the United States, Alaska, and insular possessions, June, 1925 CO [Includes national, State (commercial) banks, loan and trust companies, savings, and private banks] Resources (in thousands of dollars) Loans and discounts, States and Territories, etc. Population including (approxi- Numredisber of counts mate) and banks accept- Maine New Hampshire Vermont Massachusetts Rhode Island Connecticut Total New England States _ 778,000 452,000 355,000 4,205,000 647,000 1,535,000 149 122 105 447 45 224 175,922 126,403 148,983 2,444,340 233,101 557,753 Overdrafts 145 32 68 360 10 212 Due from banks Lawful reserve with Federal reserve banks or other reserve agents Checks and other cash items 1,002 114 1,226 2,973 1,306 4,240 15,366 8,799 8,940 143,546 9,522 36,484 5,078 3,372 2,252 132,689 18,412 11,865 472 567 463 20,045 470 5,082 Banking house, furniture, and fixtures Other real estate owned 207,512 129,448 68,481 444,294 223,239 451,830 5,558 4,076 2,569 67, 533 5,051 23,382 Investments Exchanges for clearing house 176 2 28,328 2,628 2,562 Cash on Other re- Aggregate sources hand 5,075 2,708 2,240 34,890 9,726 24,549 7,972,000 1,092 3,686, 502 817 2,124,804 108,169 10,861 222,657 173,668 27,099 34,319 79,188 11,650,000 3,740,000 9,200,000 233,000 1,595,000 479,000 1,128 509 1,652 58 245 44 8,512,236 1,130, 504 2,799,054 63,779 429,307 158,118 2,397 201 748 31 190 4,303,646 746,416 2,132,064 48,43( 29060) , ) 61,405 . 210,304 51,201 169,506 3,603 20,524 18,922 6,397 7,557 32,799 1,364 2,720 1,857 507,619 93,024 267, 547 2,915 44,202 19,624 966,172 66,782 317,099 6,252 41,439 8,123 727,233 6,289 21,581 173 2,991 2,657 746, 400 10,449 68,342 545 14,205 6,601 144, 216 35,613 96,682 1,732 10,070 5,636 Total Eastern States. 26,897,000 3,636 13,092,998 3,650 7, 582,573 474,060 52,694 934, 931 1,405,867 760,924 846,542 293,949 449,074 291 301,069 412 345,284 I 447 184,133 729 319, 948 569 335,176 173 205,858 157 151, 932 693 321,074 1,225 737, 691 2,067 174,874 563 69,708 59,759 36,139 31,062 41,118 101,413 42,784 40,768 50,269 158,524 25,969 19,274 17,539 17,606 8,058 16,476 12,520 8,554 5,136 22,718 42,794 7,011 4,548 2,485 3,417 4,922 9,015 2,049 3,750 1,942 4,744 17,541 4,414 48,303 33,564 49,295 27,690 53, 724 165,942 35, 364 33,574 51,847 146,520 40,599 15,635 7,828 6,573 4,469 17,935 15,868 7,309 3,498 16,453 93,725 7,729 3,410 943 1,654 1,355 1,472 7,165 2,409 656 3,994 4,718 1,625 2,551 1,649 3,089 1,084 4,645 2,157 590 631 8,488 7,802 169 10,570 9,084 10,083 4,860 8,700 14,660 8, 561 4,741 New York New Jersey...* Pennsylvania. Delaware. _ _ Maryland District of Columbia Virginia... West Virginia. __ North Carolina. _ South Carolina. __ Georgia Florida... Alabama. Mississippi Louisiana.. __ . _ Texas Arkansas... _. _ _ ,___ 2,440,000 1,565,000 2,795,000 1,800,000 3,031,000 1,095,000 2,440,000 1,791,000 1, 880,000 5,035,000 1,846,000 517 345 590 373 632 318 354 359 247 1,514 482 28,589 5,788 820 326 4,114 44,042 4,851 2,041 417,573 276,021 239,328 3,963,040 508,316 1,120,000 56,194 6, 524,278 520,019 16,646,639 15,579 2,163,615 54,558 5,959,980 1,351 130,181 t J 5,740 8 6 1 , 9 a r # <* 1,551 284,577 598,798 26,046,986 17,446 1,422 1,602 4,520 57760 1,212 1,721 4,987 9,309 18,667 1,511 640,810 435,754 475,189 272,882 479,362 658,335 317,057 248,538 498,604 1,258,638 270,252 Kentucky Tennessee Total Southern States. Ohio Indiana-. Illinois Michigan Wisconsin Minnesota Iowa Missouri Total Middle Western States North Dakota South Dakota Nebraska. Kansas Montana Wyoming Colorado New Mexico Oklahoma Total Western States. Washington Oregon California Idaho Utah Nevada Arizona Total Pacific States... Alaska, The Territory of Hawaii Porto Rico Philippines Total Alaska and insular possessions 2,487,000 % 409,000 609 550 355, 771 326,697 30,614,000 6,890 1,099 1,097 1,900 786 990 1,375 1, 624 1,558 88,827 46,148 12,398 18,056 2,172 4, 583 55,228 67,094 11,532 10, 923 1,900 6,059 3,285 1)645 9,756 9,197 4,208,581 741 886 8,953 792,488 208,140 65,582 808,744 219,477 37,360 37,785 1,763,908 615,396 2,486,760 754,802 601,825 629,905 800,203 901,252 812 725 1,885 540 611 890 1,466 932 601,692 187,322 870,911 832,534 211,180 302,006 104, 956 317,417 95,198 37,134 92, 720 57,679 26,702 23,105 30,249 33,231 16,003 8,044 15,035 7,536 6,867 21, 665 28,851 12,650 104, 636 105,985 463,461 149,867 40,140 112, 839 117,857 216,303 168,662 17, 519 203, 047 71,492 76, 659 35,445 17,847 35,229 4,723 7,479 15,347 12, 066 4,708 9,118 1,740 18,194 55,094 2,963 115, 056 30, 074 6,847 7,974 1,917 12,169 10,429 8,554,051 7,861 3,428,018 396,018 116,651 1,311,088 625,900 73,375 232,094 279, 599 682,000 667, 000 1, 344, 000 1,845,000 638,000 222,000 1,013, 000 380,000 2,240,000 658 526 1,087 1,279 235 96 334 66 773 117, 548 136,393 366,203 325,008 78,337 38,073 177, 918 21, 427 246, 756 237 559 1,378 931 486 79 343 22 633 35,166 26, 546 56,908 75,658 39, 364 10,990 92, 913 5,762 88, 527 6,100 6,104 14, 605 17,150 4,825 2,133 7,231 1,468 16, 761 9,713 9,239 15,328 9,232 3,468 865 2,963 742 6,178 9,292 30,418 94,061 92,962 22, 576 9,393 34,947 4,495 97, 597 14,949 3,632 15, 007 12,978 3,884 2,085 32,418 1,289 22,465 558 416 2,210 1,426 780 276 3,501 264 1,901 256 872 3,131 3,011 191 175 4,123 3,219 3,275 4,207 13, 697 11,281 5,773 2,291 9,769 1,376 9,119 1,021 1, 510 2,099 4,296 899 135 835 159 874 198,115 219, 896 584, 627 553, 933 160, 583 66,495 366,961 37,004 494,030 9,031,000 5,054 1, 507, 663 4,668 431, 834 76,377 57,728 395, 741 108, 707 11, 332 14,978 60,788 11,828 2, 681, 644 364 279 662 161 115 34 57 251,241 161,683 2,062, 757 50,317 100,191 25,083 45,554 212 324 2,190 100 339 96 89 128,918 81, 385 729, 733 19,093 28, 628 6,967 13,456 16,102 11, 726 95,425 3,002 3,897 1,480 2,126 3,504 2,712 15,383 2,191 3,277 501 3,071 34,180 28,606 243,063 10,444 15, 765 5,796 9,291 32,307 20,394 120,229 3,037 5,333 779 3,176 1,925 1,371 36,444 448 563 123 320 6,178 3,412 46, 626 134 1,515 110 452 10,075 7,914 54, 612 2,462 1,913 1,509 3,583 2,424 3,429 55, 239 672 679 234 978 487,066 322, 956 3,461, 701 91,900 162,100 42, 678 82,196 7,785,000 1,672 2,696,826 3,350 1,008,180 133,758 30, 639 347,245 185, 255 41,194 58,427 82,068 63,655 4, 650, 597 91,000 281,000 1,345,000 10,870,000 17 23 17 11 4,557 21 44, 772 1,287 60 32,985 54, 798 19,592 3,767 17,274 4,606 6,569 304 1,835 1,091 1,347 124 549 338 320 1,758 9,909 5,134 18,275 37 36 51 1,269 1,145 428 1,500 1,278 924 4,410 4,259 13,029 10 5,110 1,620 30,904 11, 553 86,415 52,774 146, 540 12, 587,000 68 137,112 20,960 32,216 4,577 1,331 35,076 36 2,893 2,815 22,622 37,644 297,282 6,255,000 3,075,000 6, 960, 000 4,105, 000 2,885, 000 2,578,000 2,513,000 3,434,000 31,805,000 1,487,000 840,000 3, 996, 000 485,000 493,000 77,000 407,000 Total United States, Alaska, and insular possessions 126, 691,000 28,841 33,883, 733 50, 259 15,400,113 1,401,099 335,486 4, 055,482 2, 718, 910 954,177 4,348 12,456 545, 958 503, 741 133,072 84,941 6,605,123 54,411 25,227 69, 076 33, 088 18,003 29,419 25,998 24,377 41,802 72,434 50,346 28,556 2,634 7,594 2,615 20,491 2, 906,941 L, 080,228 1,383,644 L, 978, 234 996,176 L, 179,960 L, 133, 699 1,592, 245 1,226, 960 951,286 226,472 15,251,127 1,079,532 62,057,037 Assets and liabilities of all reporting banks in the United States, Alaska, and insular possessions, June, 1925—Continued CO RECAPITULATION Resources (in thousands of dollars) States and Territories, etc. National banks State (commercial) banks. Mutual savings banks Stock savings banks Trust companies Private banks Grand total... Loans and discounts Num- including Overber of rediscounts drafts banks and accept' ances 8,072 12, 850, 650 9,352 9, 282,839 35, 819 611 4,183,071 972 1, 364, 721 536 6,122, 785 3,722 1,680 79, 667 523 830 28,841 Investments 5, 730,444 3,052,172 3,351,162 429, 834 2,801, 346 35,155 Banking Other house, fur- real niture, and estate fixtures owned Lawful reserve with Checks Exchanges Cash on Federal reand Due from serve for clearbank other banks ing house hand or other cash reserve -items agents 585,267 111, 191 1, 966,921 1, 326, 864 150,244 430,278 144, 660 1, 243, 607 607,461 323, 365 76,290 6,017 201, 797 901 56,148 21,535 123,867 32,137 11,051 248, 221 46, 776 749,109 467,969 4,895 3,339 5,307 647 19, 306 33,883,733 50,259 15,400,113 1, 401,099 335, 486 4, 055, 482 2, 718,910 954,177 Other Aggregate resources 1 272,031 24,350,863 302, 208 15,979, 238 53,230 7,913, 039 19, 503 2,093,125 430, 515 11, 565, 549 155, 223 2,045 o 1, 226,960 951,286 | 1,079,532 62,057,037 O 988, 294 359, 605 198,869 357, 960 212 40,359 4,368 29,425 35,017 160,105 200 3,832 E m a cj g o Liabilities (in thousands of dollars) States and Territories, etc. Capital stock paid in Maine New Hampshire _ Vermont Massachusetts. __ Rhode Island C onnecticut Total New England States New York • -Jersey.. New Pennsylvania Delaware Maryland District of Columbia.. Total Eastern States. Virginia West Virginia. __ North Carolina_ South Carolina.. Georgia Florida Alabama Mississippi Louisiana * Reported by national banks only. 12,836 7,812 7,726 113,035 15,720 Bills payable (including advances Individual Undivided Reserved received deposits profits for taxes, Certified (including Notes from War (less checks dividends United and interest, National bills Finance Other and States Surplus expenses etc., ac- bank cir- Due to all Corpora- liabilities unpaid redisand culation cashiers' deposits counted banks tion and crued i and taxes checks certificates postal paid) of deposit savings) representing money borrowed) 16,552 15,038 11,846 178,473 22,675 59,292 13,458 9,559 8,113 118,267 11,816 38,384 43 3,433 389 1,046 5,570 4,651 4,299 20,253 5,101 9,699 3,886 4,135 1,456 145,803 8,304 11,930 __ 193,697 303,876 199,597 5,343 49,573 175,514 I 528,036 1,081,125 104,357 514,948 9,587 57,147 13,867 137,327 35,914 147, 647 4,939 13,556 6,112 17,249 1,189 6,031 31 665 258 65,374 20,602 1,768,340 31,270 354,059 4,973 45,567 14,102 1,017,065 1,781,031 345,495 25,423 96,107 320,007 9,323 40,214 23,378 57,880 34,805 36,946 25,060 46,336 25,997 17,130 32, 539 39,475 25,616 20,875 12,183 26,370 12,317 15,261 9,351 18,444 12,628 10,841 8,015 4,496 11,555 6,854 9,182 2,706 6,200 1,3 536 375 408 334 218 390 1,124 9,505 4,426 182,014 2,218,311 19,744 10,259 9,490 6,461 8,277 5,239 9,200 2,920 4,076 38,527 10,022 26, 692 10,616 46,400 72, 432 7,100 8,453 46,609 760 396 557 20, 687 1,989 1,740 355,332 230,063 200,443 3,243,612 433,564 952,984 26,129 255 399 105 ',868 522 715 1,627 656 882 45,188 367 513 5,880 1,925 3,202 14,742 405 5,968 1,048 1,324 656 51,679 7,464 1,161 5,415,998 9,864 49,233 32,122 63,332 405,531 12,012,743 11,062 1,809,731 30,009 4,309,154 96,540 314 1,824 2,419 209,990 12,012 5,178 29,785 520 3,901 3,295 76,212 6,619 15,676 301 2,057 582 126,964 21,679 76,273 867 10,887 2,953 415,726 19,907 75,408 1,662 7,683 3,195 451,159 54,691 101,447 239,623 523,581 13,961 4,523 16,150 5,145 8,878 278 4,221 4,921 2,407 16,854 13,308 26,865 9,047 14,771 1,075 6,882 7,645 8,384 21,967 1,191 5,591 3,155 3,926 3,557 1,694 4,599 17,257 4,394 2,400 4,916 1,361 1,958 14,948 479 1,028 3,071 19,107,146 411,651 321,441 318,353 194,328 308,408 514,207 234,506 189,201 358,194 2,390 812 604 701 2,108 1,023 1,300 366 1,033 Assets and liabilities of all reporting banks in the United States, Alaska, and insular possessions, June, 1925—Continued CO 00 Liabilities (in thousands of dollars) States and Territories, etc. Capital stock paid in Texas Arkansas Kentucky Tennessee Total Southern States... Ohio Indiana Illinois _._ Michigan Wisconsin Minnesota Iowa._ Missouri . _ Total Middle Western States North Dakota South Dakota.. Nebraska Kansas-.. Montana. . Wyoming Colorado New Mexico Oklahoma. . _ _ Total Western States . __ - __ Surplus Undivided profits (less expenses and taxes paid) Eeserved Certified for taxes, National interest, bank cir- Duo to all checks and etc., ac- culation banks cashiers' crued checks Individual deposits (including United dividends States unpaid deposits and postal savings) Bills payable (including advances received irom War Notes and bills Finance redisCorporacounted tion and certificates of deposit representing money borrowed) Other liabilities 119,000 24,186 41,597 41,973 49,246 9,575 28,516 22,912 22,695 4,604 9,543 2,641 1,645 117 1,311 600 39,635 3,757 15,851 13,187 118,043 19,868 30,145 26,445 12,000 1,693 5,538 1,121 863,690 194,027 386,905 366,390 7,866 338 590 707 5,507 3,412 2,418 4,408 10,780 7,152 5,044 6,668 8,531 1,523 18,500 16,692 530,347 290,141 111, 960 8,294 148,096 461,352 54,907 4,661,301 19,838 76,229 134,475 108,183 175,726 79,413 254,072 96,812 62,309 68,458 78,881 123,672 125,422 38,963 174,985 72,582 30,771 35,282 35,572 63,506 45,488 19,533 99,480 26,086 17,482 11,398 14,935 26,928 1,488 457 6,321 1,180 1,225 2,754 615 1,552 40,826 25,074 30,483 13,637 14,360 14,774 17,744 16,884 125,314 50,002 449,286 57,006 48,735 97,957 54,037 153,842 19,065 5,531 42,759 11,921 4,922 14,743 2,721 12,345 2,271,164 770,647 3,225,451 1, 596,308 797, 534 916, 268 894,315 1,140,647 13,553 1,768 4,866 10,809 2,408 3,429 1,109 2,992 14,391 9,026 16,403 7,550 5,169 2,512 6,998 5,389 23,302 9,487 22,361 27,928 5,352 8,864 17,974 19,617 51,202 70,327 57,177 56,415 5,909 3,521 8,798 24,871 939,343 577,083 261,330 15,592 173,782 1,036,179 114,007 11,612,334 40,934 67,438 134,885 278,220 15,221 14,311 40, 254 44,556 12,800 4,685 19, 671 3,460 34, 844 5,843 5,915 15, 595 22,901 4,413 2,558 12, 735 1,249 8,712 711 684 5,223 6,743 1,574 565 4,165 211 2,990 20 103 874 502 81 36 735 5 358 4,319 2,879 8,434 9,961 2,486 1,738 5,527 1,113 8,525 4,791 9,355 67, 001 42, 460 6,886 2,392 26, 323 947 47,484 1,472 1,438 2,685 3,490 1,393 470 4,456 468 6,950 160, 512 178, 446 438, 553 413, 911 128, 222 53. 249 289,146 28, 575 376,562 211 344 524 1,284 233 116 669 133 1,047 604 2,094 1,012 3,559 586 359 1,489 523 4,627 4,332 3,863 3,202 1,523 1,507 325 1,488 293 1,175 79 464 1,270 3,043 402 2 557 27 756 189, 802 79,921 22,866 2,714 44,982 207, 639 22, 822 2,067,176 4, 561 14,853 It, 708 6,600 29,948 23, 788 189, 255 7,042 11, 603 3,096 5,304 12,156 9,681 98,060 2,522 5,787 1,20? 2,887 4,857 4,522 47, 692 739 1,694 389 919 669 264 1,328 82 279 49 31 9,402 3,349 30, 282 2,358 2,391 1,198 567 28,418 17,475 194,049 2,105 10,879 1,756 2,302 6,450 2,870 15,339 836 1,417 787 1,142 382, 468 252, 797 2, 803, 910 72,082 112, 292 33, 780 66, 221 2,534 292 11, 768 130 34 93 115 2,701 2,951 7,873 1,502 1,338 36 591 3,644 2,662 23, 648 2,233 1 928 155 1,513 3,819 2,305 38,497 269 12,458 130 604 270,036 132,302 60,812 2,702 49, 547 256, 984 28,841 3, 723, 550 14,966 16, 992 35, 783 58,082 830 8,006 8,310 12, 275 260 4,104 1,296 3,320 184 1,801 879 2,515 1 9 50 450 107 1,598 1,237 11,988 45 309 354 288 9,674 64,129 36, 729 67, 905 389 1,455 522 6 77 1,624 121 15 2,645 7 4,356 1,808 45, 604 29,421 8,980 5,379 10 500 14, 930 996 178,437 2,366 1,707 2,781 51, 775 Total United States, Alaska, and in3,169, 711 3,173,334 sular possessions 1,007,439 60,078 648,494 4,370,909 698,861 46,765,942 147, 220 327,899 597,377 1,089,773 Washington Oregon California Idaho Utah . Nevada Arizona _ __„ Total Pacific States AlaskaThe Territory of Hawaii Porto Rico Philippines __ Total Alaska and insular possessions.__ H Hi O RECAPITULATION National banks State (commercial) banks _ Mutual savings banks Stock savings banks Trust companies Private banks Grand total- 1,369,435 1,118,928 1, 062, 264 644, 420 633,176 83, 758 44, 893 643,451 723, 209 10,803 8,708 481, 711 226, 988 116, 523 21,487 159, 036 1,694 60,078 3,169, 711 3,173,334 1,007, 439 60,078 648,494 o 2,886,400 606, 493 4,265 958 871, 720 1,073 648, 494 4, 370, 909 560, 256 16, 354,912 95,845 12, 682, 753 587 7,146, 951 696 1,918, 230 41,307 8, 536, 860 170 126, 236 108,101 16,926 233,874 59,124 6,452 15, 741 8, 861 46, 765,942 147, 220 41 34, 244 616 245,107 244, 782 518 8,732 95, 787 2,451 283, 567 339, 643 11, 019 7,878 444,194 3,472 327,899 597, 377 1, 089, 773 a o CD Assets and liabilities of all reporting banks in the United States, Alaska, and insular possessions, June, 1925—Continued, O O [In thousands of dollars] Loans and discounts States and territories, etc. Maine New Hampshire _ Vermont Massachusetts Rhode Island Connecticut _. Total New England States. New York New Jersey Pennsylvania Delaware _ _ Maryland District of Columbia Total Eastern States Virginia West Virginia North Carolina South Carolina Georgia Florida Alabama Mississippi Louisiana Texas.._ _ Arkansas Kentucky Tennessee Total Southern States On demand, secured by collateral other than real estate On demand, not secured by collateral On time, secured by collateral other than real estate 1C, 178 8,783 4,229 226, 511 17,902 27,041 294, 644 755,497 210, 879 684, 680 18,863 82,214 51,375 7,722 5,879 5,883 10,657 4,110 3,721 76,409 5,382 10,199 35,626 29, 955 111,474 1 323,357 80, 960 555,908 64,731 325,429 6,182 58,001 14,909 12,321 7,486 6,975 4,376 7,298 21, 594 7,515 565 6,731 72,185 2,035 16,320 5,053 170, 454 253, 612 3,893 25,280 6,106 433, 790 1,025,160 3,997 71,213 31,318 78,291 30,506 33,729 41,283 29,284 16,055 17,867 278,296 16,672 37,900 37,731 82, 707 720,145 10, 338 4,437 7,074 2,748 4,778 3,168 3,093 560 4,704 27,814 1,014 On time, not secured by collateral 31,758 16,832 15,968 581,382 82,934 74,388 803,262 1,166,936 465,863 1,032,272 17,093 158,734 55,309 2,896,207 162,011 79,308 207,017 Investments Secured by farm lands Secured by other real estate 1,214 302 1,082 1,449 7 272 4,435 71,402 91,833 182,976 91,082 7,980 449,708 36,891 4,326 6,325 3,413 16,196 2,506 2,163 231 30,834 469,889 15,238 14,676 29,604 874,366 69,358 69,288 53,461 23,342 39,821 287,722 31,966 97,438 97,170 5,285 1,207 2,918 4,121 5,581 1,372 3,399 2,941 3,070 28,519 3,429 5,245 2,616 2,853 1,742 31,605 1,853 3,990 3, 623 1,254,171 69, 703 73,882 7,789 4,885 2,760 2,683 2,862 4,539 Not classified 109,958 19,095 26,267 1,136,325 168 407,918 1, 699, 731 5,909,719 13, 611 16,976 4 584 6,029,133 180,117 172,428 40, 249 103,430 196,342 193, 932 106,408 105, 616 247,139 11,550 117,905 185,896 176,507 1,837, 519 United States Government securities 46,706 32, 746 17,099 456,518 70,129 81, 676 704,874 654,451 159,210 592, 690 7,002 76,474 25,270 1,515,097 31,405 24,967 23, 549 11,378 19,179 22,087 16, 769 10,043 16,170 114,509 15,965 26, 350 17,977 350,348 State, county, and municipal bonds 7,936 5,078 3,437 8,169 9,292 29, 680 63,592 j Railroad bonds Bonds of other public service corporations (including street and interurban railway bonds) 24,931 24, 429 5,175 261,270 36,836 115,336 40,970 35,813 28,203 132,994 72,338 27,385 Other bonds, stocks, warrants, etc. 31,382 14,567 185,343 34,644 197,753 467,977 337,703 550,658 131,747 116,075 137,769 6,332 26,015 2,253 214,287 227,371 533,230 13,074 79,146 9,019 3,199,525 165,176 631,413 12,414 66,457 17,425 420,191 4,329 1,229 4,337 2,111 1,033 14, 528 4,370 7,736 1,739 10, 524 1,863 2,976 2,455 1,076,127 2,794 1,772 53 1,157 680 5,747 2,717 752 40 2,197 538 4,261 620 103,636 78,584 236,962 9,614 42,516 7,436 478,748 4,092,410 1,752 2,635 96 656 412 6,153 1,106 395 117 3,208 57 3,058 757 29,428 29,156 7,775 16,089 19,814 52,898 17,822 21,842 32,203 27,560 8,072 52,182 24,339 59,230 23,328 20,402 1 339,180 81, 623 7, 526 226,979 17, 523 36,146 53, 218 9,872 57, 724 58,290 10,408 60, 520 4,900 31,579 21,769 12,041 24,600 93,911 42, 709 187,902 91,327 108,758 86,836 51,899 110,544 211,400 144,814 447,947 150,844 304,777 151,029 138,052 135, 648 11,495 10, 539 16,223 6,320 104,337 22,077 26,125 4,110 26,242 9,375 8,096 20,983 7,163 7,800 5,853 4,269 1, 280,947 390,025 1,539,093 462,905 9,065 287,176 556,361 564,357 197,835 73,134 354,172 46,404 66,223 117,430 44,644 51,134 128, 321 9,865 142,366 31, 749 33,113 19,436 5,826 22,817 Total Middle Western States . North Dakota South Dakota Nebraska.. Kansas Montana Wyoming Colorado New Mexico Oklahoma. 490,611 1,645 1,232 13,054 173,744 10,028 1.285 8,864 540 15, 668 224,107 773,886 1,684, 511 17,166 20,311 160,513 58,503 21,692 11,215 46,620 8,923 76,615 89,781 2,055 1,209 11,562 3,117 6,949 778 2,421 1,528 5,254 950,976 17,961 10,925 26,276 35,284 19,060 6,605 43,433 4,440 46,224 393, 493 20,518 17,779 100,870 45,321 29,428 18,743 61,913 8,482 87,558 201,226 8,372 5,241 29,977 38,202 2,782 1,886 6,347 1,198 7,134 5,089,929 2,462 850 19,248 6,020 7,421 543 1,771 581 6,281 Total Western States Washington Oregon California Idaho Utah Nevada Arizona 226,060 10, 553 5,159 83,346 1,092 5,925 9,517 5,421 45,177 5,604 8,562 52,789 637 2,159 3,174 1,160 390, 612 43,868 25, 659 123,999 10,965 27,834 3,573 12,902 421, 558 101,139 4,059 3,436 14,485 2,949 7,574 3,972 4,342 34, 873 288,244 98,451 71, 563 1, 506,090 19,905 1,459 210,208 43,927 37,669 333,990 6,758 9,875 3,230 6,105 55,554 2,446 2,051 15,747 625 25,364 2,144 6,306 121,013 248,800 79 8,360 5,762 3,275 40,817 3 289 690 52 54, 683 1,(597,875 2,384 367 193 45,054 441,554 26 13, 630 2,577 2,540 74,085 251 4,696 4,199 262 18,773 9,408 17,476 21,460 1,034 20,963 47,998 3,125,063 980, 748 3,499,436 7, 540,722 449,079 1,598,256 16,690,429 Ohio Indiana Illinois Michigan Wisconsin Minnesota Iowa Missouri - _ . Total Pacific States Alaska The Territory of Hawaii Porto Rico Philippines Total Alaska and insular possessions Total United States, Alaska, and insular possessions 86,260 45,253 266,301 14,144 29,876 2,703 15,016 459, 553 783 2,259 16,860 1,558 1,031 15,171 2,704 2,057 65,330 89,771 30,979 101 37 3,623 49,982 175 48,246 407 17,811 8,371 14,969 10,228 12, 522 12,954 2,328 7,336 86, 519 976 576 4,477 412 714 309 4,192 45 379 190,711 2,076 1,183 3,739 362 926 435 4,641 61 1,185 12,080 4,789 2,323 4,299 27 1,685 175 377 14, 608 3,935 1,468 9,883 217 2,770 181 797 139,384 12,441 10,248 39,579 781 4,441 1,460 1,992 70,942 554 2,594 1,040 20 13,675 221 678 120 234 19, 251 284 2,158 462,758 9,105 4,208 1,253 2,517 15,133 4,182,162 1,067,210 1,680, 959 1,063, 940 7. iO5,842 2, 536, 767 525,233 603, 750 161,532 349,144 5,736 594,700 221,495 156,488 5,246 88,314 967 673,950 68,589 634, 512 11,567 291,901 440 495,239 145,055 233, 568 7,529 181, 989 560 1,429,788 2,091,800 1,722,844 243,960 1, 889, 998 27,452 4,182,162 1,067,210 1, 680,959 1,063,940 7,405,842 1,926 5,652 1,308 219 1,502 686 5,955 16,005 1,935 779 15,707 368 12,617 12, 727 10,356 98,040 12, 782 35,996 7,739 7,017 6,054 75 244,998 85,596 261,364 731,371 63,326 144,447 45,141 230,076 1,806,319 12, 651 13,176 16,461 23,595 16,729 2,862 24,940 848 28,122 63,826 29,677 341, 982 11,310 9,857 1,921 4,185 782 6,192 9. 13S fi' O^T RECAPITULATION National banks State (commercial) banks. Mutual savings banks Stock savings banks __ Trust companies Private banks Grand total. 2,143,728 284,743 4,399 7,063 683,943 1,187 726,100 84, 693 3,125,063 1,156 167, 806 993 2,880,485 303,840 7,241 8,191 294,197 5,482 6,132,318 586,475 6,998 14,119 793,457 7,355 255,880 165,496 520 4,717 18,353 4,113 380,918 152,243 349,405 32,857 681,177 1,656 980, 748 3,499,436 7,540, 722 449,079 1,598,256 331,221 7, 705,349 3, 814, 508 1,296, 618 3,483, 852 58, 881 16, 690, 429 Assets and liabilities of all reporting banks in the United States, Alaska, and insular possessions, June, [In thousands of dollars] Cash Maine. _ New Hampshire ._ Vermont Massachusetts. . _ __ Rhode Island Connecticut Total New E ngland States New York New Jersey Pennsylvania. __ _ _. ... Delaware Maryland District of Columbia . __ Total Eastern States Gold coin .__ __ 81 107 62 445 615 200 Silver coin 150 174 92 1,345 477 411 Paper Nickels currency and cents 1,784 1,658 873 16,149 7,865 5,483 Time deposits D e m a n d deposits V' States and Territories, etc. 61 1,510 2,649 33,812 1,200 1,609 5,829 66 444 120 3,274 2,167 7,019 133 866 241 106,118 31, 516 83, 380 1,517 8,675 5,126 265 454 16 5 149 9,268 13, 700 236, 332 889 5, 267 3,094 8,207 4,040 2,601 4,976 3,137 3,737 6,946 22, 851 4,562 3,206 3,421 61 1925—Continued V Savings deV Demand posits or DiviT i m e cercertifi- dends deposits in uncates of interest or tificates of paid deposit deposit savings department Deposits not classified Cash not classified Individual deposits subject to check 3,060 769 1, 213 16, 951 70S 18, 455 67,239 37,304 26,141 1, 213, 309 126,137 270,839 2,292 1,594 898 14,352 6,065 3,504 307 184 271 2,805 162 891 263, 619 188,806 172, 585 1, 890,126 282, 510 671, 371 1,914 1,425 434 72, 272 18,040 4,720 41,156 1, 740, 969 28, 705 4,620 3,469,017 98,805 33, 624 56 2,485,134 744, 540 2,028,883 46, 268 272,621 123,157 15, 602 17,067 24,626 1 374 1,249 4,478 2,955 8,308 188 1,185 353 4, 290, 447 1.021,917 1, 964, 216 49,094 377, 776 74, 327 83, 526 14, 377 213,958 834 7,514 4,754 33, 760 5, 700, 603 58,919 17, 467 7, 777, 777 324,963 27, 840 5,199, 577 4,155 5,478 5,863 5,039 180,014 162, 354 159, 226 79, 591 159,879 340,030 137,864 75,415 213, 795 636,282 95, 223 205,048 75, 212 8,048 2,674 10,849 793 14, 302 1,280 1,346 1,369 4,763 11,599 8,245 1,353 133,092 2,068 1,127 787 554 710 588 307 233 882 1,694 258 575 459 155, 589 99, 618 85,063 81, 663 86,142 108, 709 86, 239 41, 619 94, 533 108, 686 36, 964 80, 808 124, 322 61, 397 50, 767 57,147 29,600 45,478 38, 568 6,575 40, 476 28; 515 54, 830 28,070 35, 943 30, 651 173 213 61 172 137 932 292 44 121 1,078 192 519 122 4,362 4,688 5,220 1,955 1,760 24,100 1,883 30,045 15, 585 49, 521 25,075 62, 659 2,532 80 Postal savings deposits 99 282 76 4,793 650 1,078 H O 19,862 468 38 45,955 581 Q O 6, 978 66,904 K 13, 390 2,667 10, 302 147 495 839 5,120,166 6,208 58,861 8 9,023 5,311 Virginia West Virginia. __ _ __ North Carolina South Carolina Georgia • _ Florida Alabama . _ Mississippi Louisiana Texas. _ Arkansas Kentucky Tennessee Total Southern States.. _ . 383 196 570 155 155 128 293 245 357 1,356 333 253 218 765 316 1,306 665 428 392 464 759 1.1.80 4,088 893 434 519 4,642 12, 209 76,045 156 40,020 2, 519,933 199, 713 10, 242 1,189, 955 508,017 4,056 229, 385 Ohio Indiana Illinois. 3,201 940 3,791 3, 645 1.021 6,430 46,973 9,238 58, 855 512 80 14,028 818,994 359, 509 1,760,851 40,089 113,186 61.194 3,120 1,208 6,547 982, 351 210, 074 1,057, 172 179, 205 48, 764 251,013 2,442 611 3,465 244,903 37, 295 85, 209 _ __ _ 5,516 9,164 4,667 156 138 I O E o H w o cj Q Michigan- _ Wisconsin... Minnesota. Iowa Missouri... Total Middle Western States North DakotaSouth DakotaNebraska. Kansas. Montana.. 477 ,807 506 597 352 11, 671 695 1,962 1,195 1,112 717 7,130 14,014 7,113 6,335 5,168 16, 777 | 154,826 83 75 266 962 395 146 1,834 51 274 355 312 610 2,232 1,712 '297 1.028 212 1.151 1,274 1,406 2,942 8,037 3,066 1. 840 6,907 1,108 5,269 4,086 j 7,959 32,449 390 585 6,794 86 413 259 319 985 I 4.585 574 2,615 1,985 | 10,132 248 ' 852 392 1,108 166 1,083 385 2,856 Total Pacific States. 8,846 4,735 j 23,231 j Alaska The Territory of Hawaii. Porto Rico.. Philippines __ 150 135 209 97 Wyoming.. Colorado... New Mexico. Oklahoma... Total Western StatesWashington.. Oregon. California.,.. Idaho Utah Nevada Arizona 75 330 420 63 Total Alaska and insular possessions...; Total United States, Alaska, and j insular possessions j 40,614 58,917 20, 605 17, 949 18,140 198, 960 296, 499 318, 946 122, 832 237, 790 14, 879 23,242 10, 436 12, 384 9,395 940 1,129 839 343 656 95, 583 4,114, 381 2S4. 305 14 782 1, 563 2,414 9,879 24, 781 220 742 171, 807 252, 718 244, 222 442, 529 61,317 39,853 j 199, 263 289,936 89, 287 ! 27,556 1,203 1,078 2,373 1,377 1,359 3, 422, 190 1,124, 937 ) 13,5 2,425 16,281 993,070 4,115 4,140 35,701 1,276 13 149,280 127,970 1,007,298 38,165 46,670 14, 759 36, 580 147, 951 83, 057 1. 513, 378 12,117 50, 709 15,674 I 20,376 27, 511 20,883 30,350 12,056 9,874 1,543 5,417 45, 245 1,420,722 1,873,262 j 107,634 j 687 3,735 3,528 8,439 10 202 37 4, 412 5,06G 27, 589 20,850 20,018 3,42i I 24,011 11,843 8,617 420 6,979 1,667 9,680 16,389 4, 661 73, 523 47,892 18, 746 50,739 18,008,576 2, 747,034 77,784 1,277,699 1,264,818 400 5,846 176, 547 21,724 67,648 4,807 5,186 3,666,984 345 109,752 4,008,188 2,747,034 | 77,784 8,656,620 573,084 11 1,965 276, 706 9, 525 91,614 3,196 34,451 1,148 i 16, 563,201 228, 483 82,859 88,027 185,058 108,826 28,474 10,315 22,758 3,767 33,848 ! ! I j | I I I | 2, 637,331 54, 825 67,487 199,465 235, 259 63,075 26,449 150,939 16, 750 178,821 i3 i 12, 624 13,467 27, 708 12, 736 23,162 1,168, 666 23,605 49,516 225, 563 802, 574 372 647 399 913 3,943 1,039 1,904 269 1,797 4,706 4,315 10,200 32,611 6,472 4,530 15,131 3,178 119,778 563,932 i 11,283 200,921 6,039 1.922 ].; 590 1,366 578 240 638 48,066 13, 748 213,202 6,444 2,871 1,148 2,823 12,373 288,302 636 22 26 4,750 685 28,739 34,200 8,656,620 RECAPITULATION National banks.._ State (commercial) banks _ Mutual savings banks Stock savings banks Trust companies Private banks „._ Grand total. 18,857 13,244 996 3,054 4,225 238 37,584 15,511 68 13 5,566 175 303,164 167,794 3,874 1,196 94,815 2,241 1,122 15 64 735 29 160,289 35,406 25,098 54,764 1,149 9,433,675 4,447,178 7,096 17,101 2,615,515 42,636 239,978 342,678 34,228 9,952 646 65,774 12,912 74 6,470 15 4,466,601 2,946,336 7,139,110 1,784,668 1,659,180 12,681 40,614 58,917 573,084 1,965 276, 706 16,563,201 661,988 50, 739 18,008, 576 104 REPORT OF THE COMPTROLLER OF THE CURRENCY SUMMARY OF THE COMBINED RETURNS FROM ALL REPORTING BANKS IN THE UNITED STATES, ALASKA, AND INSULAR POSSESSIONS, JUNE 30, 1925 Condensed statement of the resources and liabilities of all reporting banks, June 30, 1925, follows: Summary of reports of condition of 28,841 reporting banks in the United States, Alaska, and insular possessions at the close of business June SO, 1925 [In thousands of dollars] RESOURCES Loans and discounts (including rediscounts): On demand (secured by collateral other than real estate) 3, 125, 063 On demand (not secured by collateral) 980, 748 On time (secured by collateral other than real estate) 3, 499, 436 On time (not secured by collateral) 7, 540, 722 Secured by farmland 449, 079 Secured by other real estate 1, 598, 256 Not classified 16? 690, 429 TotalOverdrafts Investments (including premiums on bonds): United States Government securities State, county, and municipal bonds Railroad bonds Bonds of other public service corporations (including street and interurban railway bonds) Other bonds, stocks, warrants, etc 33, 883, 733 50,259 4, 182, 162 1, 067, 210 1, 680, 959 1, 063, 940 7, 405, 842 Total Banking house (including furniture and fixtures) Other real estate owned Due from banks Lawful reserve with Federal reserve bank or other reserve agents... Checks and other cash items Exchanges for clearing house Cash on hand: Gold coin 40, 614 Silver coin 58, 917 Papeir currency 573, 084 Nickels and cents 1, 965 Not classified.. 276, 706 Total 15,400, 113 1, 401, 099 335, 486 4, 055, 482 2, 718, 910 954, 177 1, 226, 960 951,286 Other resources 1, 079, 532 Total resources 62, 057, 037 LIABILITIES Capital stock paid in Surplus . Undivided profits (less expenses and taxes paid) Reserved for taxes, interest, etc., accrued National bank circulation Due to all banks Certified checks and cashiers' checks 3, 169, 711 3, 173, 334 1, 007, 439 60, 078 648, 494 4, 370, 909 698, 861 REPORT OF THE COMPTROLLER OF THE CURRENCY Individual deposits: Demand deposits— Individual deposits subject to check Demand certificates of deposit Dividends unpaid Time deposits— Savings, deposits,, or deposits in interest or savings department Time certificates of deposit Postal savings deposits Not classified 105 16, 563, 201 661, 988 50, 739 18, 008, 576 2,747,034 77, 784 8, 656, 620 Total 46,765,942 United States deposits (exclusive of postal savings) 147, 220 Notes and bills rediscounted 327, 899 Bills payable (including advances received from War Finance Corporation and certificates of deposit representing money borrowed) 597,377 Other liabilities 1, 089, 773 Total liabilities 62,057,037 INDIVIDUAL DEPOSITS IN ALL KEPORTING BANKS The total individual deposits of all reporting banks, including demand, tinie, and postal savings deposits, but exclusive of United States deposits, were $46,765,942,000, June 30, 1925, and showed an increase in the year of $3,811,821,000. Individual deposits subject to check showed an increase of $1,501,257,000; demand certificates of deposit, an increase of $124,065,000; dividends unpaid, an increase oi $374,000; savings deposits, an increase of $1,627,862,000; time certificates of deposit, an increase of $112,946,000; postal savings deposits, an increase of $2,417,000; and deposits not classified, an increase of $442,900,000. Classification of the deposits of each class of reporting banks follows: Individual deposits in each class of banks June 30, 1925 [ID thousands of dollars] Number of I banks Demand DiviIndicervidual Savings deposits tifi- dends un- deposits subject cates paid to check of deposit Time Postal Deposits certifi- savnot cates of ings de- classified deposit posits Total State (commercial) banks... 16,983 4,447,178 342,678 9,952 2,946,336 1,264, 818 4, 807 3, 666,984 12, 682, 753 1, 784,668 5,846 143 109,752 1,918,230 972 17,101 646 Stock savings banks 7,139,110! 400 345 7,146,951 611 7,096 Mutual savings banks Loan and trust companies.. ,680 2,615, 515 65,774 6,470 1, 659,180| 176,547 5,186 4,008,188 8,536,860 12,681! 21,724 15 36,268 126, 23§ 523 42, 636 12,912 Private banks Total National banks.. Grand total 1 !, 541,975|l, 469,33510,136 7,821,537 30,411,030 20,769 7,129, 526 422,01016, 51113, ' j 1,277,699 67,648 835,083 16,354,912 8,072 9,433,675 239,97834,228' 4,466,601 28,84116,563,201 661,988 50, 739 18,008,576J2,747,034 77,784|8,656,620 46,765,942 Reported as other time deposits. 106 BEPOBT OF THE COMPTROLLER OF THE RESOURCES AND LIABILITIES OF ALL REPORTING BANKS, The principal items of resources and liabilities of all banks other than Federal reserve banks> for the six years 1920 to 1925, are shown in the following statement: [In thousands of dollars] Clarification 1920(30,139 1921 (30,812 1922 (30,389 1923 (30,178 1924 (29,348 1925 (28,841 banks) banks) banks) banks) beaks) banks) RESOURCES Loans and discounts, (ineiwiing rediscounts) 1 31,208,142 28,932,011 27,860,443 30,416. 677 31,427,717 Overdrafts 109,186 81,849 74,600 57,982 66*334 11,387, 526 11,381,923 12; 547, 567 13,672,547 14,258,745 Investments'Due from2 other banks and bankecs 5,833, 241 4, 794, 205 5, 414, 241 5,597,15$ 6,121,093 Real estate, furniture, etc.3 1,000,976 1,147, 521 1,276,631 1,432,217 1,590,259 Checks and other cash items *.. 1,457, 778 1,290, 667 1,574, 608 1,196,075 1, 992,370 Cash on haoiL _._ 1,03^,378 946,567 829; 892 797»iai 911,580 Other resources __ ' 1,005,88? 1,096, 647 816, 672 847,385 865, 282 Total , 53,079,108 40,671^390 50,425,367 54,034,911 3^883,733 50,259 16,400,113 6,774,392 1,736, 585 2,181,137 951,286 1,079, 532 57,144,690 62,057,037 I 2,702,eaff 2,903,961 2,943,960 3i.052r367 3,M4»203 Capital stoek paid i n _ 2,410, 346 2,542,032 2,697,409 2,799*494 2,967,359 Surplus fund 983,843 954, MS Undivided profits.. 910, 743 971,730 976, 261 BeservecL for taxes, interest, etc., accrued 8 CirciiktLoii (national b a n k s ) . . 688,178 725,748 704>I47 720,,001 729,686 Certified checks and cashiers' 358,110 664,857 514,862 552,666 checks .. . 614,583 Individual deposits _ „ 37,315,123 34,844,572 37,194,31& 40,034^195 42,954,121 152,302 United States deposits 175, 788 390,230 128,887 238,439 Due* tc* other banks and bankers , 3,.208r302 2,809,414 3,244,386 3,610,211 3,928,292 4,587,609 3,951,70& 2,004,321 % 267,949 1,662,140 Other liabilities • 3,169,711 3,173,334 1,007,439 LIABILEBIH& Total 53,079,108 49, 671,390 50,425,-387' 54,034,911 57,144,690 60,078 648^494 698,861 46,765,942 147,220 4,370,909 % 015,049 62,057,037 12 Includes acceptances reported by national banks. Includes lawful reserve with Federal reserve banks. * Includes real estate owned other than banking house. * Includes exchanges for clearing house. • Reported by national banks only. • Includes bills payable and rediscounts. ASSETS AND LIABILITIES OF ALL BANKS, INCLUDING FEDERAL RESERVE BANKS The total resources of 28,853 banks, including the 12 Federal reserve banks, amounted to $66,806,496,000, June 30, 1925, and showed i n inefease in the year of $4,871,025,000. Loans and discounts were increased in the year $3*1§3>627,,0O©, and investments in United States Government and other bonds and securities were increased $1,066,183,000. Capital stock amounted to $3,285,272,000, exceeding the amount a year ago by $59,649,000, and surplus funds and undivided profits showed an increase of $238,606,000. Total deposit liabilities showed an increase in the year of $4,451,631,000. Statement showing the resources and liabilities of all reporting banks other than the Federal reserve banks, the 12 Federal reserve banks, and the grand total follows: REPORT OP THE COMPTROLLER OF THE CURRENCY 107 Statement of resources and liabilities of 28,853 reporting banks, including Federal reserve banks, June, 1925 [In thousands of dollars] 28,841 reporting banks, June 30, 1925 ! ! 12 Federal j reserve ' banks | Total, 28,853 banks RESOURCEI3 Loans and discounts, including rediscounts__ 133, 883,733 707,611 Overdarfts. _ _ | 50,259 Investments __ 15,400,113 324,609 Banking house (including furniture and fixtures)... 1,401,099 60,173 Other real estate owned _ _. _._ ___ 335,486 Due from banks _ _ 4,055,482 619,112 Lawful reserve with Federal reserve bank or other reserve agents ._ 2,718,910 Checks and other cash items... 954,177 Exchanges for clearing house 1,226,960 Cash on hand 951,286 3,014,552 Other resources _ 1,079,532 23,402 Total resources_._ I 62,057,037 ! 4,749,459 34,591,344 50,259 15,724,722 1,461,272 335,486 4,674,594 2,718,910 954,177 1,226,960 3,965,838 1,102,934 66,806,496 LIABILITIES Capital stock paid in. Surplu Undivided profits (less expenses and taxes paid) _. Reserved for taxes, interest, etc., accrued National bank circulation Federal reserve note circulation... Due to all banks _ Certified checks and cashiers' checks Individual deposits __ United States deposits (exclusive of postal savings) _ Notes and bills rediscqunted Bills payable (including all obligations representing money borrowed) Other liabilities Total liabilities j 3,169,711 3,173,334 1,007,439 60,078 648,494 4,370,909 698,861 46, 765, 942 147, 220 597,377 1,089,773 62,057,037 115,561 217,837 1,634,235 2,696,852 3,285,272 3,391,171 1,007,439 60,078 648,494 1,634,235 7,067,761 24,428 46,207 46,790,370 193,427 327,899 14,339 4,749,459 597,377 1,104,112 66,806,496 1 2 Includes acceptances of nationa 1 banks. Uncollected items. ' Due to members, reserve account, and deferred availability items. CASH IN ALL REPORTING BANKS The total cash holdings of all banks, June 30, 1925, including the 12 Federal reserve banks, aggregated $3,965,838,000 and showed a reduction of $271,071,000 in the year. Of this total, $359,605,000 was held by 8,072 national banks, $591,681,000 by 20,769 banks other than national, and $3,014,552,000 by the 12 Federal reserve banks. Classification of cash in all banks follows: Cash in banks June 80, 1925 [In thousands of dollars] 8,072 national banks Classification Gold coin... . Gold certificates Silver coin Silver certificates Legal tender notes National bank notes Federal reserve notes 4>_ Nickels and cents Cash not classified _ Total Cash in Federal reserve banks June 24,1925: Gold coin and certificates (reserve) Reserves other than gold _ _ _. . Nonreserve cash Grand total__ 1 Number of banks includes 12 Federal reserve banks. 'Includes clearing-house certificates. *jlncludes nickels and cents. 18,857 »52,929 3 37,559 28,666 25,501 67,609 128,484 _ 359, 605 20,769 State, etc., banks 21, 757 21,333 «269,920 1,965 276, 706 591, 681 Total, 28,853 banks 1 40,614 52,929 58,892 28,666 25, 501 337, 529 128, 484 1,965 276, 706 951, 286 2,810,764 148,049 55,739 3, 965,838 * Includes Federal reserve bank notes. « Includes all paper currency 108 BEPOBT OF THE COMPTROLLER OF THE CURRENCY MONEY IN THE UNITED STATES The total stock of coin and other money in the United States June 30, 1925, was $8,221,200,000 and showed a reduction in the year of $525,300,000, which was due principally to the retirement of Federal reserve notes, Federal reserve bank notes, and national-bank notes. Of the total stock of money, $362,000,000, or 4.40 per cent, represented coin and other money held in the Treasury as assets; reporting banks held $938,300,000, or 11.41 per cent; Federal reserve banks or their agents held $3,122,700,000, or 37.99 per cent; and the remainder, $3,798,200,000, or 46.20 per cent, was in general circulation. The per capita money in general circulation was $33.29, compared with $34.20 a year ago. Statements showing the stock of money in the United States in the years ended June 30, 1914 to 1925; the classification of money in circulation July 1, 1925; and imports and exports of merchandise, gold, and silver in the calendar years 1914 to 1924 and the nine months ended September 30, 1925, follow: Stock of money in the United States, in the Treasury, in reporting banks, in Federal reserve banks, and in general circulation, years ended June SO, 1914 to 1925 Year ended June 30 1914 . 1915 1916 1917 1918 1919 1920 1921 1922 1923 1924 „ 1925. . Held by or Coin and other Coin and other for Federal Coin and money in Treas- money in reportreserve banks l other ing banks* ury as assets and agents3 money in the United Per Per Per States Amount cent Amount cent Amount cent Millions Millions 336. 3 3,738.3 345.4 3,989.4 298.2 4,482.9 268.4 5, 408.0 360.3 6,741.0 584.2 7, 518.8 489.7 7, 894. 5 461.2 8,096.0 402.5 8,177.5 383.5 8,603. 7 356.6 8, 746. 5 362.0 8, 221. 2 9.00 8.66 6.65 4.96 5.34 7.77 6.20 5.70 4.92 4.46 4.08 4.40 Millions 1,630.0 1,447.9 1,472.2 1,487.3 882.7 981.3 1,047.3 926.3 814.0 777.1 900.8 938.3 43.60 36.29 32.84 27.50 13.10 13.05 13.27 11.44 9.95 9.03 10.30 11.41 Millions 386.2 592.7 1,280.9 2,018.4 2,167. 3 2,021. 3 2,795. 2 3,401.0 3, 490. 8 3,635.1 3,122. 7 9.68 13.22 23.69 29.94 28.83 25.60 34.52 41.59 40.57 41.56 37.99 In general circulation, exclusive of amounts held by reporting banks and Federal reserve banks Amount Per cent Millions 1,772. 0 l,S09.9 2,119. 8 2, 371. 4 3,479. 6 3,786. 0 4,336. 2 3,913. 3 3,560.0 3,952. 3 3,854.0 3,798.2 47.40 45.37 47.29 43.85 51.62 50.35 54.93 48.34 43.54 45.94 44.06 46.20 Per capita $17.89 17.97 20.69 22.77 32.87 35.67 40.47 36.21 32.44 36.52 34.20 33.29 1 Public money in national-bank depositories to the credit of the Treasurer of the United States not included. 2 Includes national banks and all reporting State banks with exception of banks in island possessions. 3 Includes gold reserve held by banks against issues and gold or other funds deposited by banks with Igents to retire Federal reserve notes in circulation and own Federal reserve notes held by Federal reserve banks. NOTE.—Population estimated at 105,869,000 in 1918, 106,136,000 in 1919,107.155,000 in 1980,108,087,000 in 1921,109,743,000 in 1922,111,268,000 in 1923,112,686,000 in 1924, and 114,104,000 in 1925. United States circulation statement, July 1, 1925 Money outside of the Treasury Money held in the Treasury Kind of monty Stock of money 1 Reserve against United Total Amount held in trust against gold and silver certificates notes (and (and Treasury Treasury of notes of 1890) notes 1890) Population of continental United States Per capita (estimated) In circulation Held for Federal reserve banks and agents • All other money Total Held by Federal reserve banks and agents Amount $694,995, 640 $271,135,134 $423,860, 506 $3. 71 Gold coin and bullion $4,386,195,841 $3, 691, 200, 201 $1, 609, 687, 619 $153,620,986 $1, 752, 744, 435 $175,147,161 1,609,687,619 604,864,317 1, 004,823, 302 8.81 (1,609,687,619) Gold certificates 69, 550,866 522, 061,078 15, 262, 236 Standard silver dollars 452, 510, 212 450, 111, 077 .48 2,~399,~135 3 (448, 724,195) 448, 724,195 Silver certificates 65,943,944 382, 780, 251 3.35 3 L 386,882 1,386,882 Treasury notes of 1890 (1, 386,882) .01 Subsidiary silver__ 283,471,971 13,925,004 262,009,199 2.30 7, 537, 768 275,934,203 7, 537,768 United States notes 61,909, 990 282, 577, 651 2.48 2,193, 375 344,487, 641 346, 681.016 2,193,375 Federal reserve notes 1,474, 263 1,940,765,267 304,657,196 1, 636,108,071 14.34 1, 942, 239, 530 1,474,263 6, 920,857 Federal reserve bank notes 7,088,143 167, 286 .06 87,890 7,176,033 87,890 National bank notes. 32,061,955 681, 708,888 5.97 19, 595, 231 713, 770,843 733,366,074 19, 595,231 Total July 1,1925 8, 221,191, 543 14,174,598,940 2,059,798, 696 153, 620, 986 1, 752, 744,435 208,434,823 6,106,391,299 1, 369,927, 062 4, 736,464, 237 41. 51 114,104,000 Comparative totals: June 1,1925 8, 274, 924, 217 * 4,172, 727, 726 2,020,824, 616 153, 620,986 1, 781, 769,335 216, 512, 789 6,123,021,107 1,348, 708,508 4, 774,312, 599 41. 113,985,000 July 1,1924 8i 746, 513,527 * 4, 245, 699,033 1, 628,138, 695 152,979,026 2, 260,891, 035 203, 690, 277 6,128,953,189 1,374,180,435 4, 754, 772, 754 42.19 112, 686, 000 Nov. 1,1920 8,326,338, 267 * 2,406,801, 772 987,962,989 5, 628,427, 732 52. 36 107, 491, 000 696,854,226 152, 979, 026 1, 206,341,990 350, 626, 530 6, 616,390, 721 Apr. 1,1917 105, 219,416 5,053,910,830 953,320,126 4,100,590,704 39.54 103, 716,000 5,312,109, 272 * 2,942,998,527 2,684,800,085 152, 979,026 July 1,1914 186, 273,444 3,402, 015,427 3, 738, 288,871 « 1,843,452,323 1, 507,178,879 150,000,000 3, 402,015,427 34.35 99, 027, 000 90,817, 762 816, 266, 721 1,007,084,483 816, 266, 721 16.92 48; 231, 000 Jan. 1,1879 « 212,420,402. 21, 602, 640 100,000,000 1 Includes United States paper currency in circulation in foreign countries and the amount held by the Cuban agencies of the Federal reserve banks. *3 Does not include gold bullion or foreign coin outside of vaults of the Treasury, Federal reserve banks, and Federal reserve agents. These amounts are not included in the total since the money held in trust against gold and silver certificates and Treasury notes of 1890 is included under gold coin and bullion and 4standard silver dollars, respectively. The amount of money held in trust against gold and silver certificates and Treasury notes of 1890 should be deducted from this total before combining it with total money outside of the Treasury to arrive at the stock of money in the United States. s This total includes $20,778,312 of notes in process of redemption, $160,367,334 of gold deposited for redemption of Federal reserve notes, $7,442,555 deposited for redemption of national bank notes, $4,740 deposited for retirement of additional circulation (act of May 30,1908), and $6,640,640 deposited as a reserve against postal savings deposits. 6 Includes money held by the Cuban agencies of the Federal Reserve Banks of Boston and Atlanta. NOTE.—Gold certificates are secured dollar for dollar by gold held in the Treasury for their redemption; silver certificates are secured dollar for dollar by standard silver dollars held in the Treasury for their redemption; United States notes are secured by a gold reserve of $153,620,986 held in the Treasury. This reserve fund may also be used for the redemption of Treasury notes of 1890, which are also secured dollar for dollar by standard silver dollars, held in the Treasury. Federal reserve notes are obligations of the United States and a firstlien on allthe assets oftheissuingFederalreserve bank. Federal reservenotes aresecured bythe deposit with Federal reserve agents of alike amount of gold or of gold and such discounted or purchased paper as is eligible under the terms of the Federal reserve act. Federal reserve banks must maintain a gold reserve of at least 40 per cent, including the gold redemption fund which must be deposited with the United States Treasurer, against Federal reserve notes in actual circulation. Lawful money has been deposited with the Treasurer of the United States for retirement of all outstanding Federal reserve bank notes. National bank notes are secured by United States bonds except where lawful money has been deposited with the Treasurer of the United States for their retirement. A 5 per cent fund is also maintained in lawful money with the Treasurer of the United States for the redemption of national bank notes secured by Government bonds. n o o o o o o 110 EEPOKT OF THE COMPTROLLER OF THE CURRENCY Imports and exports of merchandise, calendar years 1914 to 1924, inclusive, and from January 1 to September 80, 1925 1914 19151916 1917 191& 1919 1920 1921 1922 1923_ 1924 . . . ._ . . —_ _ .__ 1925 (9 months) .. Total, 11 years and 9 months Excess of exports over imports Imports of merchandise Exports of merchandise $1,789,276,001 1,778,696,696 2,391,635,336 2,952,465,955 3,031,304,721 3,904,364,932 5,278,481,490 2,509,147,570 3,112,746,833 3,792,065,963 3,609,962, 579 3,078, 549,084 $3,113,624,050 3, 554, 670;&47 5,482,641,101 6,226,255,654 6,149,241,951 7,920,426,990 8,228,016,307 4,485,031,366 3,831,777,409 4,167,498,*)80 4,590,983,346 3, 504, 828,^15 $1,324,348,049 1,776,074,152 3,091,005,766 3,273,789,699 3,117,937,230 4,016,061,058 2,949,534,817 1,975,883,786 719,030,636 375,427,117 981,021,266 426,278,931 37,228, 597,158 61,254,989,665 24,026,392,607 Gold and silver imports and exports in period indicated GOLD Imports 293.4 1915 _ _ 1916 _ 1917 __ _ 1918 — -— - 1919 . _._ 1920 _ 1921 _ 1922 1923 . ._ _.1924 1925 (9 months) _ Total, 11 years a n d 9 m o n t h s -- $57,387,741 451,954, 500 685,090,234 552,464,374 62,042,748 76,534,046 417,068,273 691,248,297 275,169,785 322, 715,812 319,720,91859,830,123 Exports Excess of exports over imports $222,616,156 31,426,918 155,792,927 371,888,884 41,069,818 368,185,248 322,091,208 23,891,377 36,874,894 28,643, 417 61,648,313 204,272,802 $165,228,415 1,868,395,962 601,322,296 $25,959,187 34,483,954 22,263, 289 53,340,477 71,375, 699 89,410,018 88,060,041 63,242,671 70,806,653 74,453,530 73,944,902 49,194,076 $51, 603,060 53,698,884 70,595,037 84,130,876 252,846, 464 239,021,051 113,616, 224 51,575,399 62,807,286 72,468,789 109,891,033 74,636,128 $25, 643, 873 19,114, 930 38,331,748 30,790,399 181,470,765 149,611,033 25,556,183 726,534,497 1,236,790,231 531,907,114 3,972,116,941 Excess of imports over exports $420,528,672 530,197,307 180,570,490 20,972,930 •291,651,202 94,^77,065 667,356,920 238,294,891 294,072,395 268,072, 605 144,442,679 2, 705,043,275 SILVER 1914 1915 1916 1917 S918 1919 1920 1921 1922 1923 1924 _ . _ 1925 (9 months) Total, 11 years and 9 months $11, 667,272 7,999,367 1,984,741 35,946,131 25,442, 052 21,651,380 BACKING POWER OF THE UNITED STATES The combined banking power of all banks in tlie United States, including 8,072 national banks, 20,769 banks other than national, the 12 Federal reserve banks, and estimated figures for 437 iionreporting private banks, was $60,4{)9,4€0,00Q, and exceeded the amount June 30, 1924, by $4,O22790O;GOO. REPORT OF THE COMPTROLLER OF THE CURRENCY 111 The banking power of the country consists of the capital, surplus funds and undivided profits, and certain classes of deposits of all banks, with the addition of national and Federal reserve bank circulation. Of the total banking power June 30, 1925, national banks contributed $20,641,800,000, or 34.14 per cent; banks other than national, $35,092,500,000, or 58.03 per cent; and Federal reserve banks, $4,735,100,000, or 7.83 per cent. The banking power of each class of banks in June, 1925, and comparison with the figures for June, 1924, is shown in the following statement: Banking power of the United States June 80, 1926 [Money columns in millions] Number of banks National banks _..... 8,072 L Reporting State banks, savings banks, trust companies, and private banks.- 20,769 Nonreporting private banks 437 (estimated) Total ederal reserve banks Grand total Capital Surplus and paid in profits Deposits i National bank circulation, Federal reserve notes, and Federal reserve bank notes 1,369.4 1,600.6 17,023.3 648.5 1,800.3 2,680.1 30,588.8 34,969.2 8.7 105.6 123.3 9.0 29,278 3,178.7 a 12 115.6 29,290 3,294.3 Total June, 1925 Total June, 1924 20, 641. 8 19,172. 7 Increase over 1924 1,409.1 32,381. 5 2, 587. 7 116.9 6.4 4,189.4 47,717. 7 217. 8 2,767. 5 648.5 1,634.2 55,734. 3 4,735.1 51, 671.1 4,775.4 4,063.2 2 40.3 4,407.2 2,282. 7 60,469.4 56,446. 5 | A, 022.9 50,485. 2 1 Includes dividends unpaid, postal savings and United States deposits, certified checks and cashiers' checks outstanding, but not amounts due to other banks, except deposits of Federal reserve banks, which are reported gross. 2 June 24,1925. a Decrease. NOTE.—Information for nonreporting private banks lias been estimated by using as a basis for the calculation statements of reporting private banks. Only such institutions as are performing the functions of a bank are included in the total number of private banks. Concerns whose business is confined to the selling of investments are not included in the list of private bankers. BANKS IN THE DISTRICT OF COLUMBIA The aggregate resources of 68 banking institutions in the District of Columbia, June 30, 1925, including national banks, loan and trust companies, savings banks, and building and loan associations, were $328,554,000, and showed an increase since June, 1924, of $32,428,000. The combined capital of these institutions was $23,378,000, an increase of $25,000 in the year, and individual deposits of $248,664,000 showed an increase in the year of $25,748,000. 112 REPORT OF THE CO1\ -/TROLLER OF THE CURRENCY Classification of these banks follows: Number $9, 427,000 11, 400,000 2, 551,000 National banks Loan and trust companies Savings banks Building and loan associations Total.. 68 i Amounts due to banks not included. Capital 23,378,000 Individual deposits 1 Aggregate assets 38, 674,000 $146, 679,000 99, 665,000 38, 233,000 43,977,000 248, 664, 000 I 328, 554,000 $104, 339,000 72,803,000 32,848,000 2 > Share payments mainly. EARNINGS, EXPENSES, AND DIVIDENDS OF BANKS OTHER THAN NATIONAL IN THE DISTRICT OF COLUMBIA The gross earnings of 31 trust companies and savings banks in the District of Columbia in the year ended June 30, 1925, were $8,016,000 and exceeded the earnings of the previous year by $546,000. The principal earnings of these banks, interest and discount, amounted to $6,185,000, exceeding the earnings in the prior year by $144,000. Other earnings were from domestic exchange and collection charges, which showed an increase of $10,000; foreign exchange department profits, which showed an increase of $2,000; trust department profits, an increase of $149,000; and other miscellaneous earnings, a net increase of $241,000. The total expenses for the year, incident to the operation of these banks, were $5,434,000, exceeding expenses for the previous year by $172,000. Salaries and wages showed an increase of $88,000; interest and discount on borrowed money, a reduction of $15,000; interest on deposits, an increase of $116,000; taxes, a reduction of $5,000; and other miscellaneous expenses, a reduction of $12,000. After payment of all expenses the net earnings for the year, with the addition of $108,000 recovered on charged-off assets, were $2,690,000, which showed an increase over the prior year of $365,000. After charging off losses on bonds and securities and other assets aggregating $421,000, which showed a reduction of $17,000 in comparison with losses charged off in the previous year, the net addition to profits were $2,269,000, out of which dividends were declared to the amount of $1,337,000. The amount of net addition to profits in the last year was $382,000 in excess of the amount during the previous year, and the increase in amount of dividends was $182,000. Detail statement of the earnings, expenses, and dividends of these banks for years ended June 30 1924 and 1925, follows: BEPOET OF THE COMPTROLLER OF THE CtTEBEKCT 113 Earnings, expenses, and dividends of trust companies and savings banks in the District of Columbia I In thousands of dollars] June 30, June 30, 1924, 1925, 32 banks 31 banks Capital stock__ _ Total surplus fund Dividends declared- _ __ _ _ _ _ Gross earnings: Interest and discount.. _ _ Domestic exchange and collection charges _ Profits of foreign exchange department _ _ _ Commissions and earnings from insurance premiums and the negotiation of realestate loans Trust department profits Other earnings. __ _ Total. Expenses paid: Salaries and wages Interest and discount on borrowed money.. Interest on deposits Taxes... 0 ther expenses _ Total. Net earnings during the year Recoveries on charged-off assets , Total. Losses charged off: On loans and discounts On bonds, securities, etc On trust department operations.. Other losses On foreign exchange Total Net addition to profits during the year.. 13,826 7,496 1,155 13,951 7,954 1,337 6,041 25 22 6,185 35 24 187 448 747 597 1,093 7,470 8,016 1,809 52 1,871 660 870 1,897 37 1.987 '655 858 5,262 5,434 2,208 117 % 582 108 2,325 2,690 131 158 131 18 203 82 10 110 16 438 421 1,887 2,269 BUILDING AND LOAN ASSOCIATIONS IN THE DISTEICT OF COLUMBIA The aggregate resources of the 24 building and loan associations in the District of Columbia, under the supervision of the Comptroller of the Currency, June 30, 1925, were $43,977,000, compared with resources of 23 associations, June 30, 1924, amounting to $40,467,000. The loans made by these associations increased during the year from $38,968,000 to $42,482,000, and installment payments on shares increased from $35,452,000 to $38,653,000. Eighteen of these associations operate on the permanent plan, 5 on the serial plan, and 1 on the terminating plan. Twenty-two associations require installment dues or payments of $1, one requires payments of $2, and one payments of $2.50. The number of borrowing members June 30, 1925, 15,562, showed an increase since June 30, 1924, of 768, and the number of nonborrowing members, 41,873, was increased in this period 2,433. Information relative to these associations in the fiscal years ended June 30, 1909 to 1925, is shown in the following statement, and summaries of resources and liabilities, supplemented by statements of 114 REPORT OF THE COMPTROLLER OF THE CURRENCY receipts and disbursements, in six-month periods ended December 31, 1924, and June 30, 1925, are published in the appendix of this report. Number of associations Years June 30— 1909 1910 1911 1912 1913 1914 1915 1916 1917 1918 1919 1920 1921 1922 1923 1924 1925 _ -._ _.. _ . . - . . 22 19 19 20 20 20 20 19 19 20 20 21 24 22 23 23 24 Loans $13, 511, 587 14,415,832 14,965,220 16,004, 700 17,398, 010 18,582,156 19, 524,065 20,186, 662 20,951, 089 21, 507,904 23, 654, 000 27, 398, 000 29, 520, 000 33, 233, 000 36,157, 000 38,968, 000 42, 482, 000 Installments on shares $11,996,357 13,213, 644 13,324, 217 14, 529,977 16,453,044 17,113,899 17,866, 337 18,668, 808 19,413,266 20, 252, 005 22, 463, 000 25, 373, 000 27, 593, 000 30, 506, 000 32, 858, 000 35,452,000 38, 653, 000 Aggregate resources $14,393,927 15,250,731 16,017,405 17,100, 293 18,438,294 19,029,260 20,655, 614 21,611,007 22,264, 005 23,215, 027 25,699, 000 29,322, 000 31,683, 000 34,879,000 37, 589,000 40,467,000 43,977, 000 BUILDING AND LOAN ASSOCIATIONS IN TEE UNITED STATES The total number of building and loan associations in the United States, as disclosed by statistics furnished by Mr. H. F. Cellarius, secretary United States League of Local Building and Loan Associations, in the year 1924-25 was 11,844, and the total membership of these associations was 8,554,352, an increase over the preceding year of 18.76 per cent; and aggregate assets were $4,765,937,197, an increase of $822,997,317, or 20.87 per cent. The growth of these associations in the last year far exceeded the growth in the preceding year. New Jersey's increase in assets was $197,084,169, which represents the growth for a year and a half, as the figures in the 1924 table are as of December 31, whereas the totals heretofore have been for the fiscal year ended June 30 annually. Ohio's growth was $117,145,131 for the fiscal year ended June 30, 1924, while the increase in Pennsylvania was $115,000,000 for the last calendar year. Other increases in assets in States showing more than 10,000,000 last year areMassachusetts, $47,207,279; Illinois, $41,233,691; New York, $34,557,688; Wisconsin, $25,190,245; Indiana, $24,042,967; California, $23,416,684; Texas, $21,943,756; Louisiana, $19,034,544; Missouri, $18,181,767; Nebraska, $14,223,064; Washington, $12,301,435; Kansas $12,239,953; North Carolina, $12,049,626; Oklahoma, $11,977,388; and Michigan, $11,536,832. Statistics relative to building and loan associations in each State and the District of Columbia are shown in the following statement: REPORT OP THE COMPTROLLER OF THE CURRENCY States Pennsylvania * 4,300 1,000 1, 364 Ohio New Jersey 2 Massachusetts Illinois New York. Indiana Nebraska.-. Wisconsin California Louisiana. _ Missouri Michigan Kansas Oklahoma _ North Carolina 1 Kentucky Washington District of ColombiaTexas Iowa _ Colorado Arkansas.. W est Virginia Utah Minnesota Florida. South Carolina * Rhode Island Maine Connecticut Oregon Montana New Hampshire _ Delaware North Dakota^ South Dakota Tennessee Mew Mexico i Arizona Vermont Other States 217 814 301 380 82 155 138 94 241 80 144 86 247 136 59 24 102 74 55 59 57 25 79 25 164 8 39 37 20 30 28 40 16 24 17 12 3 7 1,061 Total. 1 Estimated. Number of associations Total membership 1, 600, 000 >,686 927, 495 3S2, 274 572. 000 408, 996 317, 055 192, 200 168,113 116, 389 135, 360 154, 780 158, 597 152, 615 121, 442 85,000 116, 400 151,043 55, 654 66,994 65, 000 53,042 39,267 52,300 45, 075 42, 880 18,150 24, 000 26,685 25,600 32,677 28,800 34,400 14,221 12, 650 12, 360 8,160 7,550 5,750 5,550 3,012 425,130 11,844 | 8,554,352 2 Total assets Increase in assets 115 Increase in membership $860,000, 000 $115,000,000 765, 306, 091 117,145,131 599, 812, 925 197,084,169 311, 962, 911 47,207, 279 273,326, 625 41,233, 691 217, 007,141 34, 557, 688 192, 025, 913 24,042, 967 123,021, 650 14,223, 064 118,182, 354 25,190, 245 108,687,143 23,416,684 106, 931, 401 19,034, 544 93,557, 805 18,181,767 80,302, 267 11,536,832 78,850, 057 12,239, 953 77, 788, 006 11, 977, 388 70,000, 000 12,049, 626 55,196, 457 196,457 53, 242, 311 12,301,435 42, 032, 000 3,261,000 33, 980, 086 21,943, 756 33, 309, 995 4,314,609 25, 672, 269 5,425,383 24f 848, 268 3,436,170 23,256, 758 5, 274,006 22,550, 620 3,312, 530 20,839, 954 4, 839, 954 15,450, 000 15,000,000 8. 475, 758 14,887,675 2,326,511 14, 335, 323 1, 677,382 14,193,310 2,492,112 11,802, 437 1, 802,437 11, 649. 272 1, 202, 085 7,330, 534 748, 899 6,201, 339 831, 669 6,169, 397 744, 225 5, 078. 532 678, 532 4,477, 899 601,164 2.550, 000 250, 000 2,378, 893 450,956 1.353, 951 306, 759 22i; 387, 628 11,982, 600 200,000 313, 718 239,908 25,638 122, 000 48, 902 19, 054 29,200 24,653 28,350 24,288 29,935 32,110 21, 615 19,131 8,214 400 32,594 2,794 36,904 8,500 12,522 5,058 9,800 6,625 9,680 (3) 3,600 3,542 3,050 3, 565 3,810 2,400 916 1,850 1,485 1,160 1,100 300 550 581 11, 970 4, 765, 937,197 822, 997, 317 1,351,472 As "Dec. 31, 1924,figuresheretofore as of June 30. 3 Included in other States. MONETARY STOCKS IN THE PRINCIPAL COUNTRIES OF THE WORLD Statistics compiled by the Mint Bureau for the calendar year 1924 with respect to the monetary stock of principal countries of the world, show a total gold stock of $9,669,359,000, of which amount $9,578,829,000 was in banks and public treasuries, and the remainder, $90,530,000, was in circulation. The silver stock amounted to $2,668,317,000. In comparison with revised figures for the calendar year 1923, the stock of gold showed an increase of $530,960,000 ana the stock of silver showed a reduction of $81,322,000. The following statement shows the monetary stocks in the principal countries of the world, as compiled by the Mint Bureau: Monetary stock of principal countries of the world, end of calendar year 1924 [Stated in United States money (OOO omitted), except paper stock, which is stated in monetary unit of issuing country (000 omitted)] Gold stock Monetary unit Monetary standard Country Name Metallic stock United unclassiIn banks In cirStates fied and public culation equivatreasuries Per capita Total Silver stock lent North America: United States Canada IVTfvxipo British Honduras 1 Costa 1Rica. Cuba D<vrmrrirt£vn KApnhlio 1 Guatemala2 Haiti Honduras Newfoundland6 Nicaragua Panama * Salvador Virgin Islands British West IndiesBarbados • Jamaica Trinidad Dutch West Indies French West IndiesGuadeloupe •\Tartiniou© South America: Argentina Bolivia Brazil Chile Ecuador* Guiana— British Dutch French« Paraguay G o l d - Dollar do do . _ do Peso Dollars do Colon dodo Peso do Dollar do Quetzal do Gourde Silver Peso Gold.... Dollar Cordoba do do Balboa _ — d o - Colon Dollar do do do Pound do Dollar do . . . d o - _ Guilder —do—_ Franc do Peso —do. __ Boliviano do do ' Milreis— do Peso __ do do __ —do.. _ Sucre Pound do do.. - Guilder —do—- Franc Peso $1.00 $4, 547,407 $4,547,407 192,504 192,504 1.00 .4985 i $236,503 90 1.00 90 684 .25 684 37,105 1.00 8,033 $29,072 114 114 1.00 208 208 1.00 1300 1300 .20 30 30 1,000 1,000 1.00 1.00 440 40 400 1.00 3,369 .50 3,369 86 .965 86 1.0138 4.8665 1.0138 .402 .193 .193 --,,55- 4.8665 .402 .193 .9648 190 247 16,368 247 3 32 420 2,300 315 325 75~ 109 109 951 888 654 242 1324 1324 194 453,175 8,225 54,498 io 34,108 .9648 .3893 .5462 .365 .9733 .4867 $818,609 i 27, 964 4,682 79 600" i 3,181 ii 7,617 1,657 453,175 8,225 54,498 34,108 7,617 6,339 2,957 u 9, 519 2,006 79 "31 333 i 3, Isi 17 Paper circulation in monetary Populaunit of issu- tion ing country 12,048 2,500 110,922 8,967 14, 463 45 485 2. 899 897 2,005 1,631 662 265 638 434 1,526 25 22 223 2,602 1,480 156 858 391 166 35,000 • 20,000 230 240 1,319,798 41,944 3,007,874 i 271,252 n 29,121 16,119 8,699 2,890 30,636 3,819 6,300 2,000 1,633 2,400 9,000 " 262, 707 298 108 26 1,000 5, 320,946 426,985 318 20,554 331, 821 1,276 25,339 11, 775 5 1,250 2,000 3,268 7 9 Unclassified stock Gold Silver $41.00 21.47 $7.32 3.19 $47. 97 47.62 2.00 1.41 ! 12.80 ! .13 .10 .18 ; .05 3.77 4.22 .51 5.65 .28 .02 7.07 42.38 114. 46 1.42 12.64 7.22 1.89 7.55 5.12 Paper $16.35 ! 1.01 2.21 3.44 .63 8.68 .49 .75 3.00 7.89 100.00 .66 6.10 1.03 1.67 1.46 .14 .26 6.65 8.92 1.41 .41 152.17 83.33 2.92 52.10 2.85 1.79 8.94 1.21 3.17 .77 1.51 1.00 .73 .10 3.08 23.08 3.18 .01 151. 72 14.51 98.18 71.03 4.62 8.06 5.47 22.22 346.15 262.71 Peru.. Uruguay ,__ ~.. ....• Venezuela 9 Europe: Austria 151 5 Belgium .. _. Bulgaria..-. CzechoslovakiaDanzig _ Denmark18 Esthonia Finland1 9 _•_ _ _ France .., Germany d o , . . . Pound .do...,-! Peso do Bolivar 4. 8665 ! 1. 0342 - 1Q3 1 H 20. 337 .w' mv 15,000 20, 337 57,002 15 000 t 2.950 9 ; 000 " 5,838 68,500 40, 000 7,300 1,529 2S 412 2.79 37.28 6.22 1 93 3.73 .80 44.80 16. 58 Schilling • 1407 6,423 1,558 838, 777 84 1,558 .24 130. 59 .01 16 Franc .193 52, 543 7. 674, 216 14, 289 52, 543 7.08 1,027. 89 7.466 1.91 Lev .193 7, 652 4, 400, 000 3,281 7,652 1.57 905. 16 67 4, 861 (17) Krone . 2026 -"360,"Il5~ 11,78 13, 611 8, 810, 400 647. 29 Gulden .195 1,947 31, 912 400 79.78 Gold 4.87 .268 do Krone 5, 569 56,145 478, 256 56,145 3, 290 17. 07 1.69 145. 37 .268 . . . d o . . . . Kroon 16 1,390 35, 627 1, 390 1,111 1.25 .01 I 32.07 Mark .193 -do 193 8,379 1, 249,946 8,379 3,403 2.46 367. 31 06 1 .193 59,008 40, 603,965 710, 394 ...do Franc 710, 394 39, 210 .18. 12 1, 035. 55 1.50 . 2382 62,483 145, 692 do R eichs6, 356, 743 145, 692 59, 856 2.43 1.04 106. 20 mark. Great Britain and Irish Free . . . d o 4. 8665 173,235 Pound 760, 874 481, 517 302,368 47, 262 760,874 3.66 16.10 10.19 6.40 State. Drachma,. _ .193 Greece 18 .. ...do 7,720 7,720 4, 866, 000 5,950 81.7. 82 1.30 Hungary „„,, ,. ,'. . . . d o — . Krone- .2026 7,951 5 000 5,000 .63 ; 567, 726. 02 4,513,989,561 .268 *tio do Iceland 603 603 96 6.28 93. 62 ...doLira .193 83, 608 Italy . . 83, 608 38. 835 2.15 116,831 20, 514, 200 528. 23 3.01 do Lat . 193 3,026 Latvia 3,026 1,851 3.20 5,930 1.63 114 Lithuania ,.do 114 Litas . 10 .02 4,651 19.99 610 .13 Malta _ ...do. 4. 8665 184 20 219 4.07 Pound 750 1.18 Netherlands do .402 Guilder 202, 854 49,282 202, 854 139. 06 970, 025 6,977 29.07 7.06 .268 Norway21._ do 3,511 39, 456 39,456 Krone 2,632 148. 67 391, 300 14.99 1.33 5,308 Zloty . .193 ...do19,956 Poland 19,956 27,179 24. 38 675, 800 .72 .19 4,941 Portugal _ do Escudo 1. 0805 10, 483 10, 483 6,041 291. 78 1, 762, 625 1.73 .82 22 2, 651 19, 356, 438 Rumania, T ., . ^ 26. 020 .193 -..do.. Leu 26, 020 16. 262 1.62 1,190. 29 .16 23 34, 504 Chervonetz 5.1455 73,047 Kussia -..! 73,047 131, 299 .48 62,406 .do . 56 .26 125,691 ! 489. Ifi4 .193 Peseta. 489,164 do 21, 338 213.08 4, 546, 658 22.92 5.89 Spain - . . - 1,098 .268 Sweden 63, 741 Krona 63, 741 5,988 89.73 do 537, 293 10.64 . 18 33, 838 .193 148, 385 Switzerland. 235. 18 do 913, 912 96, 319 52,066 38.18 Franc 3, 886 8.71 2 73, 548 .044 345, 526 Piaster 345, 526 14, 549 10.91 4 158, 749 do 23.75 Turkey 2 4 5.06 3,369 .193 13,965 Yugoslavia., 894 13, 965 12, 017 .07 499. 42 6, 001, 504 ...do Dinar 1.16 .28 Asia: British North Borneo .5678 do Dollar 1,889 258 7.32 .3244 4,504 47,994 14 i Ceylon.. ._ _ ...do 10, 687 Rupee 2.37 10.66 14 1 « I n October, 1924. Last year's figures. 2 H At the end of January, 1925. Gold standard established Nov. 26, 1924. 3 Stock in banks. » Stock in National Bank. 16 4 Including minor coins. Fluctuates with the price of silver. 17 « Stated in United States dollars, and including $800,000 in United States bills. Monetary standard not established6 18 Estimated on basis of data considered fairly reliable. Gold standard established Juno 20, 1924. 7 19 Stated in francs. In Bank of France on Dec. 24, 1924. 80 s9 Stock held by one of three banks. Including bronze coins. 21 Including amount held in banks. Gold standard established July 1, 1924. 22 «11 At the mint. Including other coin. 23 On Dec. 1, 1924. In circulation on June 30, 1924. 24 12 On Jan. 31, 1924. Paper circulation stated in Turkish pounds ($4.3965). Amount in circulation. do ...do __.do O W H O o o H o W O Monetary stock of principal countries of the world, end of calendar year 192If—Continued OO [Stated in United States money (000 omitted), except paper stock, which is stated in monetary unit of issuing country (000 omitted)) Monetary unit Country Monetary standard Asia—Continued. China 2« Silver..Cyprus Island Gold.... Federal Malay States ...do India, British do Indo-China, French Silver. Japan (including Taiwan)... Gold Netherlands, East I n d i e s . . . . . . d o Palestine do Silver . Persia 1 Gold Philippine Islands Sarawak do Siam do Straits Settlements do Syria do Africa: Abyssinia * Silver Algeria _ . Gtold . . Belgian Congo do Egypt " _ ...do do Eritrea do Gambia Gold Coast _ —do Kenya Colony and Uganda.. —do Madagascar do Moiocco, French do Nigeria do Nyasaland . . . d o Portuguese East Africa l ._ . - d o Portuguese West Africa * do Reunion Island * do Rhodesia- . do . . Senegal do Sierra Leone do Somaliland— British French I...do Name Dollar Pound Dollar Rupee Piaster Yen Guilder Pound.. Kran Peso Dollar Tical Dollar Pound $4. 8665 .5678 .4867 (4) .4985 .402 4.9431 (4) .50 .5678 3709 .5678 3.860 Thalari Franc do Pound Lira do do Shilling Franc do Pound do Escudo do Franc Pound Franc Pound (4) .193 193 4. 9431 193 4. 8665 4. 8665 2433 .193 .193 4. 8665 4. 8665 1.0805 1. 0805 .193 4. 8665 .193 4.8665 Rupee Franc Gold stock Metallic stock United unclassiIn banks In cirStates fied and public culation equivatreasuries lent (<) .3244 .193 Silver stock Total $292 $292 $15,000 Per capita $135,957 711 67 399,231 16,495 108,609 108,609 585,738 53,667 585,738 53, 667 3,406 3,406 168,272 494 18, 654 19,007 1,682 44, 710 11,503 1,682 13, 857 340 16,508 292 241 300 6,593 344 206 8,531 1,900 37 122 6 830 33 $78 6 830 33 225 1,099, 684 26a 109, 950 42,000 56 9,422 13, 703 395 410 431,480 317 1,390 318,942 18, 982 78, 575 47,204 700 9,500 10,906 600 9,322 935 2,140 150 16, 508 1,692 395 332 100,949 525 4,174 1, 792,087 65,872 1, 745,357 319,934 1,250 51,296 2 « 157,193 156 114, 387 104,916 7,930 8,000 5,806 15,000 13,551 450 210 2,299 2,529 3,382 6,000 18,588 1,176 3,120 4,000 174 1,867 1,225 1,541 18,197 1,747 Paper circulation in Populamonetary tion unit of issuing country 6,621 422 49 690 119 1,309 1,194 261,000 280,100 294 88,224 11,300 33,000 6 10,000 183,107 Unclassified stock Gold $0.92 .34 $0.19 7.45 1.14 Silver $0.32 2.24 .05 1.25 .87 .31 3.56 .711.95 1.73 1.80 4.78 12.30 6.48 .04 3.31 .13 1.22 Paper 0.23 1.66 3.00 5.62 3.47 22.21 6.78 1.79 5.39 14.34 .26 12.27 112.20 3.71 .03 189.40 7.33 3.10 3 76 3.73 4.05 1.42 10.89 .07 .95 .57 .47 77.17 46.68 .02 .34 .13 .36 .36 .02 .44 .05 .10 28.28 2.83 189. 64 5.36 149.43 .04 .16 .85 1.17 .87 32.00 Italian Tanganyika Tunis6 . . Union of South Africa 28 West Africa French ^ Zanzibar Oceania: a* Australia N e w Zealand Fiji Islands 1 Society Islands _ _ do do ...do ...do .... do do Rupee Bhillinsr Franc Pound Franc Rupee .P244 . 2433 .193 4.8665 .193 .3244 ...do ___do ...do do Pound do do Franc 4.8665 4.8665 4.8665 .193 Total * Last year's figures. Fluctuates with the price of silver. • Estimated on basis of data considered fairly reliable, is Stock in National Bank. 2* Incomplete. 4 3~000~ 3,000 52,437 3,000 52,437 1, 863 3, 528 800 243 945 107,928 37, 581 121,218 121,218 494 494 755 9,669,359 2,668,317 779, 910 9,578,829 90, 530 2,000 9,259 175,000 11,456 190,000 4,854 1,000 7,200 2,094 6,929 11 464 197 57,094 6,750 430 19, 723 5, 635 1,266 164 28 19.15 29. 60 21. 51 3.01 4.60 1, 770, 701 .4.4 5.46 1.51 26 1.43 7.57 1.8(5 .49 .38 .03 4 80 2.00 1.29 83.57 1.65 16 57 24 64 10.13 5.33 2.62 704. 39 26 Exclusive of 2,614,688 pesos in United States Federal reserve bank notes. 26*Oct. 31, 1924. Stock of gold and silver in Northern Rhodesia On Dec. 27, in South African reserve bank. 27 28 NOTE.—Figures given represent each country's stock at the end of the year, except when otherwise indicated. Population figures are from the Statistical Abstract of the United States, 1923. Blanks indicate no figures available, rather than no stock. Gold held abroad as follows, not included in the above figures (presumably reported by the country having actual possession): Canada, $12,640,714; Brazil, $2,433,250; Peru, $5,158,490; Czechoslovakia, $52,716,520 (including silver); Esthonia, $142,708,487; France, $359,813,953; Germany, $49,334,078; Latvia, $1,529,139; Lithuania, $2,963,802; Rumania, $82,630,958; Spain, $6,370,970; Switzerland, $1,322,986; Japan, $156,529,000; Philippine Islands, $52,528,097; Straits Settlements, $3,763,686 i 3 tei Q O w t3 w S3 SI 120 REPOBT OF THE COMPTROLLER OF THE CURRENCY FEDEEAI LAEfD BA^KS The resources of the 12 Federal land banks amounted to $1,059,486,000, September 30, 1925, and showed an increase in the year of $75,700,000. Net mortgage loans which constitute the principal assets of these banks increased in the year from $905,536,000 to $989,960,000. United States Government securities owned were reduced in the year from $43,146,000 to $29,283,000, and cash on hand and in banks was reduced from $11,080,000 to $9,062,000. The capital stock of these banks was $52,784,000, of which amount $1,332,000 was held by the United States Government; $50,978,000 was held by national farm loan associations; $472,000 was held by borrowers through agents, and $2,000 by individual subscribers. The amount of capital stock of these banks originally subscribed for by the United States Government was $8,892,000, of which amount $7,560,000 has been retired to date. The principal liabilities of these banks represent farm loan bonds outstanding, which aggregated $973,344,000, September 30 last, and showed an increase in the year of $66,129,000. Undivided profits were increased from $4,056,000 to $5,262,000, and legal reserve was increased from $5,734,000 to $7,545,000. Surplus funds and other reserves showed an increase of $3,000. Consolidated statement of the resources and liabilities of these banks, September 30. 1925, follows: Consolidated statement of condition of the 12 Federal land banks at close of business September 30, 1925 Assets: Net mortgage loans _•. Interest accrued but not yet due on mortgage loans United States Government bonds and securities Interest accrued but not yet due on bonds and securities.. Other interest accrued but not yet due Cash on hand and in banks Notes receivable, acceptances, etc Accounts receivable Installments matured (in process of collection) Banking houses . Furniture and fixtures Sheriffs' certificates, judgments, etc. (subject to redemption) Other assets Total assets . „ . . 4, 291, 36L 90 567, 493. 85 1,059,486, 378. 11 Liabilities: Farm loan bonds outstanding Interest accrued but not yet due on farm loan bonds Notes payable Accounts payable Other interest accrued but not yet due Due borrowers on uncompleted loans Amortization installments paid in advance Farm loan bond coupons outstanding (not presented) Dividends declared but unpaid Other liabilities _ Total liabilities $989, 960, 218. 89 18, 387, 586. 32 29, 283, 375. 49 195, 007. 36 32, 685. 47 9, 062, 213. 59 3, 527, 922. 14 746, 137. 74 1, 121, 955* 42 2, 046, 493. 50 263, 926. 44 973, 343, 685. 00 15, 541, 386. 88 431, 956. 45 475, 848. 57 12, 462. 45 357, 595. 24 1, 364, 142. 16 770, 944. 55 753, 378, 62 738, 378. 46 ... 993,789,778.38 REPORT OF THE COMPTROLLER OF THE CURRENCY Net worth: Capital stock United States Government National farm loan association Borrowers through agents Individual subscribers Total capital stock Reserve (legal) Surplus, reserves, etc Undivided profits Total liabilities and net worth Memoranda: Net earnings to Sept. 30, 1925 Less—• Dividends paid Carried to suspense account Real estate charged off Carried to surplus, reserve, etc Carried to reserve (legal) Carried to undivided profits 121 $1, 331, 930. 00 50, 978, 052. 50 472, 265. 00 1, 585. 00 52, 783, 832. 50 7, 544, 700. 00 105, 828. 23 5, 262, 239. 00 . $65, 696, 599. 73 1, 059, 486, 378. 11 32, 913, 780. 91 $13, 209, 071. 10 1, 323, 953. 38 5, 037, 769. 23 • 536, 048. 20 7, 544, 700. 00 5, 262, 239. 00 Total carried to surplus, reserve and undivided profits._ Capital stock originally subscribed by United States Government . Amount of Government stock retired to date Capital stock held by United States Government 19, 570, 793. 71 13, 342, 987. 20 8, 892, 130. 00 7, 560, 200. 00 1, 331, 930. 00 JOINT-STOCK LAKD BANKS The resources of joint-stock land banks amounted to $580,810,000, September 30, 1925, and exceeded the amount a year ago by $105= 618,000. Like Federal land banks, the principal resources of these banks are represented by mortgage loans, which amounted to $519,237,000 September 30? and exceeded the amount a year ago by $89,171,000. United States Government securities amounted to $26,550,000 compared with $14,671?000 a year ago, and cash on hand and in banks was increased from $13,442,000 to $14,094,000. The paid-in capital stock of these banks was $40,804,000 or $6,725,000 more than a year ago. Legal reserves of $3,661,000 compared with $2,384,000 in September, 1924, and undivided profits of $2,347,000 showed an increase in the year of $1,136,000. Liabilities of these banks incident to the issuance of farm loan bonds, were $507,686,000, compared with $419,745,000 a year ago. Consolidated statement of the resources and liabilities of these banks follows: Consolidated statement of condition of the joint-stock land banks at the close of business September 30, 1925 Assets: Net mortgage loans .__. . . $519, 237,214, 59 Interest accrued but not yet due on mortgage loans 9, 525, 580. 66 United States Government bonds and securities 28, 550, 481. 12 Interest accrued but not yet due on bonds and. securities,_ 270, 122. 29 Other interest accrued but not yet due 93, 021. 53 Cash on hand and in banks.—"—.-. ~ 14, 093, 836. 40 122 REPORT OF THE COMPTROLLER OF THE CURRENCY Assets—Continued. Notes receivable, acceptances, etc Accounts receivable Installments matured (in process of collection) Banking houses.. Furniture and fixtures Sheriffs' certificates, judgments, etc., subject to redemption Real estate Other assets Total assets Total liabilities and net worth 1, 446, 718. 33 2, 145, 373. 83 47, 131. 34 580,809, 511. 19 Liabilities: Farm loan bonds outstanding Interest accrued but not yet due on farm loan bonds Notes payable... Accounts payable Other interest accrued but not yet due Due borrowers on uncompleted loans Amortization installments paid in advance Farm loan bond coupons outstanding (not presented) Dividends declared but unpaid Other liabilities.. Total liabilities Net worth: Capital stock paid in Surplus paid in Surplus earned Reserve (legal) Other net worth accounts Undivided profits $3, 559, 072. 59 1, 307, 556. 71 1, 341, 834, 77 1, 006, 985. 00 184, 582. 03 507, 685, 600. 00 8, 995, 071. 59 7, 305, 862. 21 3, 076, 790. 96 80, 032. 57 1, 538, 665. 74 831, 193. 93 741, 099. 75 198, 543. 50 51, 660. 48 530, 504, 520. 73 $40, 804, 060. 53 1, 359, 830. 83 942, 174. 03 3, 660, 653. 65 1, 190, 881. 38 2, 347, 390. 04 50, 304, 990. 46 580, 809, 511. 19 FEDERAL INTERMEDIATE CREDIT BANKS The resources of the 12 Federal intermediate credit banks showed a gain in the year ended September 30, 1925, of $7,634,000, and amounted, on the latter date, to $112,659,000. Direct loans and rediscounts aggregated $64,318,000, and showed an increase in the year of $12,039,000. Holdings of United States Government securities amounted to $5,166,000, and showed an increase of $2,866,000. Cash on hand and in banks showed a reduction of $2,412,000. The subscribed capital stock of these banks, $60,000,000 showed no change in the year. Surplus funds showed an increase of $529,000 and undivided profits, a reduction of $76,000. Outstanding debentures amounted to $43,768,000, compared with $35,112,000 a year ago. Notes and bills payable were increased from $375,000 to $3,800,000 and notes and bills rediscounted were reduced from $7,450,000 in September, 1924, to $1,906,000 in September, 1925. Consolidated statement of the resources and liabilities of these banks follows: REPORT OF TUB COMPTROLLER OF THE CURRENCY 123 Consolidated statement of condition of the 12 Federal intermediate credit banks as of the close of business September 30, 1925 Assets: Direct loans ........ ._ . . $33, 756, 897. 04 Rediscounts . 30, 560, 889. 14 Accrued interest on loans and rediscounts 247, 972. 02 United States Government bonds and securities 5, 165, 635. 16 Accrued interest on United States Government bonds and securities . 39, 032. 78 Other securities 1, 100, 000. 00 Other accrued interest 1, 677. 12 "Rediscounts for other Federal intermediate credit banks.. 925, 000. 00 Cash on hand and in banks 4, 750, 821. 21 Capital stock callable from United States Treasury 36, 000, 000. 00 Furniture and fixtures 18,099. 33 Documentary stamps _ Other assets „ 92, 822. 43 Total-assets „_ 112, 658, 846. 23 Liabilities: Capital stock subscribed. . Surplus.. . «..„__. ._ .... Undivided profits Other reserves Debentures outstanding ._„._„___ Accrued interest on debentures outstanding Notes and bills payable . Notes and bills rediscounts. __ „ Deferred rediscounts . Interest collected not earned „__„. Cash capital rediscount agencies . Other accrued interest . . „. Other liabilities . . Total liabilities. ... .._„„ . 60, 000, 000. 00 680, 584. 46 907, 691. 82 109, 574. 73 43, 767, 910. 00 565, 183. 10 3, 800, 000. 00 1, 906, 100. 00 298, 499. 94 416, 314. 85 152, 933. 31 10, 241. 34 43, 812. 68 112, 658, 846. 23 FATIOFAL AGKRICTJLTTTKAL CEEDIT COKPORATIOtfS Under Title II of the agricultural credits act of 1923, provision is made for the incorporation of national agricultural credit corporations with a paid in capital of not less than $250,000, and also for the organization of rediscount corporations with capital of not less than $1,000,000, the course of procedure in either case being practically identical with that provided by law for the organization of national banks. Provision is also made for the conversion of State chartered agricultural and livestock financing corporations into national agricultural credit corporations following procedure similar to that incident to the conversion of State banks to national banking associations. Consolidation of two or more national agricultural credit corporations is also contemplated and provided for. Supervision of the incorporation, together with that of the business of such corporations, is imposed by law upon the Comptroller of the Currency. The powers of these corporations are enumerated in sections 203, 204, 205, 206, and 207 of the act as follows: SEC. 203. (a) That each national agricultural credit corporation shall have power, under such rules and regulations as the Comptroller of the Currency may prescribe— (1) To make advances upon, to discount, rediscount, or purchase, and to sell or negotiate, with or without its indorsement or guaranty, notes, drafts, or bills of exchange, and to accept drafts or bills of exchange, which— 124 REPORT OF THE COMPTROLLER OF THE CURRENCY (A) Are issued or drawn for an agricultural purpose, or the proceeds of which have been or are to be used for an agricultural purpose; ' (B) Have a maturity, at the time of discount, purchase, or acceptance, not exceeding nine months; and (G) Are secured at the time of discount, purchase, or acceptance by warehouse receipts or other like documents conveying or securing title to nonperishable and readily marketable agricultural products, or by chattel mortgages or other like instruments conferring a first and paramount lien upon live stock which is being fattened for market. (2) To make advances upon or to discount, rediscount, or purchase, and to sell or negotiate with or without its indorsement or guaranty, notes secured by chattel mortgages conferring a first and paramount lien upon maturing or breeding live stock or dairy herds, and having a maturity at the time of discount, rediscount, or purchase not exceeding three years. (3) To subscribe for, acquire, own, buy, sell, and otherwise deal in Treasury certificates of indebtedness, bonds or other obligations of the United States to such extent as its board of directors may determine. (4) To act, when requested by the Secretary of the Treasury, as fiscal agent of the United States, and to perform such services as the Secretary of the Treasury may require in connection with the issue, sale, redemption or repurchase of bonds, notes, Treasury certificates of indebtedness, or other obligations of the United States. (5) To purchase, hold, acquire, and dispose of shares of the capital stock of any corporation organized under the provisions of section 207, of this title, in an amount not to exceed at any time 20 per centum of its paid in and unimpaired capital and surplus. (6) To purchase, hold, and convey real estate for the following purposes, and for no others: (A) Such as shall be necessary for its accommodation in the transaction of its business. (B) Such as shall be mortgaged to it in good faith by way of security for debts previously contracted. (C) Such as shall be conveyed to it in satisfaction of loans or advances made or debts previously contracted in the course of its dealings. (D) Such as it shall purchase at sales under judgments, decrees, or mortgages held by the corporation or shall purchase to secure debts due to it. (7) To act as custodian, trustee, or agent for holders of notes, drafts, or bills of exchange sold or negotiated under paragraphs (1) and (2) of subdivision (a) of this section or under section 207. (8) To issue, subject to such regulations as the Comptroller of the Currency may prescribe, collateral trust notes or debentures, with a maturity not exceeding three years, and to pledge as security for such notes or debentures any notes, drafts, bills of exchange, or other securities held by the corporation under the terms of this title. The regulations of the Comptroller of the Currency may prescribe the form of notes or debentures, and of notes, drafts, bills of exchange, warehouse receipts, chattel mortgages, or other instruments which may be pledged as security therefor, the provisions which may be made with regard to release, substitution, or exchange of such securities, and with regard to protection, supervision, inspection, and reinspection of the agricultural commodities or live stock pledged or mortgaged as security therefor. (b) The United States Government shall assume no liability, direct or indirect, for any debentures or other obligations issued under this title, and all such debentures and other obligations shall contain conspicuous and appropriate language, to be prescribed in form and substance by the Comptroller of the Currency and approved by the Secretary of the Treasury, clearly indicating that no such liability is assumed. (c) Any obligation referred to in paragraphs (1) or (2) of subdivision (a) of this section, which is secured by chattel mortgage upon live stock of an estimated market value at least equal to the face amount of such obligation, may be additionally secured by mortgage or deed of trust upon real estate or by other securities, under such regulations as may be made by the Comptroller of the Currency. LIMITATIONS SEC. 204. Except as hereinafter provided in section 207 of this title, no national agricultural credit corporation shall incur liabilities, whether direct or contingent, in excess of ten times its paid-in and unimpaired capital and surplus; nor shall any such corporation make advances to or hold notes or other direct REPORT OF THE COMPTROLLER OF THE CTJBBENCY 125 obligations of any person or corporation, or have outstanding acceptances for any person or corporation, in an amount exceeding 20 per centum of the paid-in and unimpaired capital and surplus of such corporation, unless such advances, notes, acceptances, or other obligations are adequately secured by warehouse receipts representing readily marketable and nonperishable agricultural commodities, in which event the amount of such advances to, or notes or other direct obligations of, or acceptances for, such one person, association, or corporation shall not exceed 50 per centum of such paid-in and unimpaired capital and surplus. No such corporation shall purchase, own, or deal in any live stock except live stock taken in the course of liquidation of obligations held by it. INTEREST RATES SEC. 205. (a) Any national agricultural credit corporation may charge on any loan or discount made, or upon any note, bill of exchange, or other evidence of debt, interest at the rate allowed by the laws of the State in which such corporation is located. (b) The taking, receiving, reserving, or charging a rate of interest greater than is allowed by subdivision (a), when knowingly done, shall be deemed a forfeiture of the entire interest which the note, bill, or other evidence of debt carries with it or which has been agreed to be paid thereon. In case the greater rate of interest has been paid, the person by whom it has been paid, or his legal representative, may recover back in an action in the nature of an action for debt twice the amount of the interest thus paid from the corporation taking or receiving the same, provided such action is commenced within two years from the time the usurious interest was collected. CAPITAL STOCK SEC. 206, (a). That no national agricultural credit corporation shall be permitted to commence business with a paid-in capital of less than $250,000; and no permit to begin business shall be issued to any such corporation by the Comptroller of the Currency until there shall have been filed with him a certificate signed by the president or treasurer and. by individuals comprising a majority of the board of directors of such corporation showing that at least 50 per centum of the authorized capital stock of such corporation has been paid in in cash; and the remainder of the capital stock of such corporation shall be paid in installments of at least 10 per centum each on the whole amount of the capital, and the entire authorized capital stock shall be paid in within six months from the date upon which such corporation shall be authorized by the Comptroller of the Currency to commence business. The payment of each installment shall be certified to the Comptroller of the Currency under oath by the president or cashier of such corporation. (b) The capital stock of any such corporation may be increased at any time with the approval of the Comptroller of the Currency by a vote of two-thirds of the holders of its issued and outstanding capital stock, or by written consent of all of its shareholders without a meeting and without a formal vote; and may be reduced in like manner: Provided, That in no event shall such capital stock be reduced to an amount less than one-tenth of its then outstanding indebtedness, direct or contingent, or to an amount less than $250,000, nor without at the same time reducing proportionately outstanding liabilities. No national agricultural credit corporation, except as herein provided, shall withdraw or permit to be withdrawn, either in the form of dividends or otherwise, any portion of its paid-in capital, and section 5204 of the Revised Statutes, prohibiting the payment of unearned dividends or the withdrawal of capital of national banks, shall be held to apply to national agricultural credit corporations. (e) The provisions and limitations contained in section 5139 of the Revised Statutes, relative to transfer of the shares of the capital stock of national banks, shall apply to national agricultural credit corporations. (d) Whenever any shareholder or his assign fails, upon demand of the Comptroller of the Currency, to pay his subscription or any part thereof on stock of any national agricultural credit corporation subscribed to by him, the directors of the corporation, after 15 days' notice, shall proceed in the manner prescribed by section 5141 of the Revised Statutes for the collection of unpaid subscriptions to stock of national banks. (e) Section 5144 of the Revised Statutes, which relates to the right of shareholders of national banks to vote by proxy, shall be held to apply to shareholders of national agricultural credit corporations. 126 EEPORT1 OF THE COMPTROLLER OF THE CURRENCY REDISCOUNT CORPORATIONS SEC. 207. (a) That national agricultural credit corporations having an authorized capital stock of $1,000,000 or over may be organized under the provisions of this title, to exercise all the powers enumerated in section 203, except that in lieu of the powers conferred in paragraphs (1) and (2) of subdivision (a) of such section, such corporations shall have powers— (1) Upon the indorsement of any national agricultural credit corporation, or of any bank or trust company which is a member of the Federal reserve system, to rediscount for such corporation, bank, or trust company, notes, drafts, bills of exchange, and acceptances, which conform to the requirements of paragraphs (1) and (2) of subdivision (a) of section 203. Such indorsement shall be deemed to be a waiver of demand notice and protest by such corporation as to its own indorsement exclusively. (2) To discount or purchase notes, drafts, or bills of exchange issued or drawn by cooperative associations of producers of agricultural products, provided such notes, drafts, or bills of exchange are secured at the time of discount or purchase by warehouse receipts or other like documents conveying or securing title to nonperishable and readily marketable agricultural products, and have a maturity at the time of discount or purchase not exceeding nine months. (3) To sell or negotiate with or without recourse any note, draft, or bill of exchange discounted or purchased hereunder. (b) National agricultural credit corporations organized under the provisions of this section, shall not be subject to the limitations contained in section 204, but the Comptroller of the Currency may, by general regulations, from time to time prescribe the amount of indebtedness, direct or contingent, which such corporations may incur, and the aggregate amount of paper of different types which such corporations may rediscount for any one corporation. (c) Corporations with powers limited, as provided in this section, shall not ...be subject to the requirements as to deposit of bonds or other obligations of the United States, as provided in section 208 of this title. Section 210 of the act authorizes the investment in the capital stock of these national agricultural credit corporations by members of the Federal reserve system to the extent of 10 per cent of the capital and surplus of the subscribing member banks. These corporations, supplemented by the organization of rediscounting corporations, will, it is believed, round out the rural credits scheme supervised by the Government. Early in 1923 a number of applications were received for authority to organize national agricultural credit corporations—one in Iowa, one in Kansas, and one in Texas. There was also received application for authority to convert an Indiana cattle loan company. None of these cases, however, was pursued to a conclusion, the reason therefor being the fact that paragraph 1 of section 202 of the agricultural credit act as originally enacted did not authorize an intermediate credit bank to discount the paper of an agricultural credit corporation organized under the laws of the United States, but only authorized them to discount such paper when the agricultural credit corporation was organized under tne laws of a State. On March 4, 1925, this section was amended so as to authorize the discounting of the paper of agricultural credit corporations organized under the laws of any State or the Government of the United States. In May, 1925, an application was made for the organization of the Pacific National Agricultural Credit Corporation, at Fresno, Calif., and later for the conversion of the Atlantic Grovers Corporation of South Carolina. The California corporation having complied with all conditions precedent was authorized to begin business under date of July 27, 1925, with capital of $500,000 and with the following staff of officers and directors: BEPOB.T OF THE COMPTROLUEB OF THE CUEEEISTCY 127 President, T. H. Ramsay; vice president, Harry M. Creech; cashier, Gerald D. Kennedv; directors, Charles F. Stern, W. E. Wilcox, I. W. Hellman, G. D." Kennedy, H. M. Creech, T. H. Ramsay, EL Russell, R. M. Hagen, and A. B. Nordling. On September 28, the date upon which reports of condition were made by national banks, the Pacific National Agricultural Credit Corporation made its initial report. The only existing liability was the paid in capital stock, amounting to $500,000. The assets were as follows: Cash on hand and in bank.,. United States bonds Loans . Furniture and fixtures Other assets „_„_-____„ „_„______„ __„„_ . -_-_ $321, 324. 35 130, 439. 67 . 44, 165. 82 __..-395. 10 3, 675. 06 500, 000. 00 The only other case pending in connection with this legislation is the South Carolina case, the conversion of a State corporation into the Atlantic Growers National Agricultural Credit Corporation. UHITED STATES POSTAL SAVINGS SYSTEM Statistics furnished by the Third Assistant Postmaster General, with respect to the Postal Savings System, in years ended June 30, 1924-25, showed total resources on the latter date of $138,271,619.82, which exceeded the amount in 1924 by $801,554.56. At the close of the year 1924 the balance to the credit of depositors was $132,814,135. Deposits during the year 1925 amounted to $92,000,349, and withdrawals aggregated $92,641,273, leaving a balance to the credit of 402,325 depositors, June 30, 1925, of $132,173,211. Statements showing the financial operations of the Postal Sayings System in years ended June 30, 1924 and 1925, and the activities of the system in the several States in the year ended June 30, 1925, follow: Comparative balance sheet for June SOi 1925, and June 30, 1934 oo June 30,1925 Items June 30> 1924 Increase Decrease RESOURCES Working cash: Depository banks. Postmasters * $97,759,025.37 131,101,44 . _ _. Special funds: Treasurer of United StatesReserve fund Miscellaneous (working) funds. i - 6,640,635.18 393,267.54 , , 358,112.16 15,677. 77 Par value $9,752,940 26,676,750 9,752,940.00 23, 220,860. 36 36,429, 690 $1,532,355.05 $48,714.39 *fcOfi /lftfi /iRfi 1 ^ , , , 870,806. 48 854,271.89 7 QQQ 1 <7A fil 9,504,780.00 23, 220,880. 36 _ . 32,973,800.36 _ _ 188,271,619. 82 B 3 § 3,102.00 355,010.16 14.49 94, 739.49 ...,.,._. 373,789.93 1,483, HO, 66 16,534. 59 6,624,100.59 1, 264,074.02 7,033,902.72 Accounts receivable: Accrued interest on bond investments _ _ Due from discontinued depository banks Due from late postmasters . . . Investments, carried at cost price: United States bondsPostal Savings 2^'s_ .__ Fourth Liberty 4J£'s $97,890,126.81 $96, 226, 670. 32 179,815.83 14.49 79,061. 72 75,974. 21 410 764 Id 3w 248,160.00 725, 640. 36 248,160.00 137,470,065. 26 801, 554. 56 32? a Q o1 r LIABILITIES AND SURPLUS FUNDS Due depositors: Outstanding principal, represented by certificates of deposit Accrued interest on certificates of deposit Outstanding savings stamps Accounts payable: Due Postal Service—-Interest and profits Due discontinued depository banks _ • Total liabilities Surplus funds: Interest and profits (undistributed earnings) subject to future allocation of maturing interest charges 132,173, 211.00 3,696,455. 68 61, 231. 90 640,924.00 132,814,135.00 3, 587,872. 23 62,890. 80 108, 583.45 2,129,359.00 1,362. 24 780,039.05 1, 349, 319. 95 1, 362. 24 1,350, 6S2.19 137,244,937.08 816, 682. 74 780,039,05 2,130, 721. 24 138,061, 619.82 - — • >• •• • r 210,000.00 138, 271,619. 82 1, 658. 90 533, 999. 45 136,464, 898.03 135,930,898. 58 '••—• 225,128.18 ,. 137,470,065.26 15,128.18 801, 554. 56 w Comparative statement of interest-earning resources and interest-bearing liabilities for June SO, 1925, and June SO, 1924 Items June 30,1925 June 30,1924 Increase Decrease EESOUECES—INTEREST-EARNING Working cash: Depository banks Investments, carried at cost price __ $97,759,025.37 32,973,800. 36 $96,228,670.32 32,725,640. 36 $1, 532,355.05 248,160.00 1,780, 515.05 $130, 732,825.73 $128,952,310. 68 132,173,211.00 132,814,135. 00 $640,924.00 1,440,385. 27 3, 861,824. 32 2,421,439.05 LIABILITIES—INTEREST-BEARING Due depositors: Outstanding principal, represented by certificates of deposit.. Excess of liabilities. o o Comparative statement of interest and profits for the fiscal years ended June SO, 1925, and June SO, 1924 Items Credits: Interest on bank deposits _ Interest on bond investments Miscellaneous receipts Profit realized on sale of investments Debits: Interest credited to depositors Allowances to postmasters' Losses by fire, burglary, etc Erroneous payments, uncollectible items, etc. Excess of income. Fiscal y e a r 1925 Fiscal year 1924 Increase Decrease o $2,442,110.48 1,375,161.52 159.84 $1,746, 691.89 2, 764,373.44 2.70 5, 743,206. 92 $3,817,431.84 $695,418. 59 $1,389,211.92 157."l4" 5,743,206. 92 6,436,843.11 $10, 254, 274.9 2,413,517.17 3,048,631.07 158.10 69,564.80 43.70 635,113. 90 H3 tei w 114.40 69, 564.80 2,483, 240.07 3,048, 674. 77 565,434. 70 1,334,191.77 7, 205, 600.18 5,871,408.41 o 3 a CO Summary of postal savings business for the fiscal year ended June SO, 1925, by States State United States. Alabama.Alaska Arizona Arkansas California Colorado Connecticut Delaware District of ColumbiaFlorida Georgia Hawaii Idaho...: Illinois-Indiana Iowa. Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York—_ North Carolina North Dakota..— Ohio Oklahoma .__. Oregon „.._. Balance to the credit of depositors June 30, 1924 Deposits * $132,814,135 $92,000,349 388,091 599,554 538, 704 162,126 2,645,051 1,514,017 2,014,963 186,933 342,175 875, 722 271,906 36, 601 1,030, 749 7,985, 524 773, 266 836,356 717,353 287,365 318,557 192,100 183,631 9,080,356 2,649, 662 2,032,915 69,478 2,962,394 2,827,103 301,297 274,943 423,933 3,985,827 282,041 55,804,296 54,430 161, 790 3,141,941 1,092, 748 1,870,997 447, 293 732,799 137,925 2,213,544 1,475,306 1,058, 645 94,364 319, 931 1,563,839 355,472 33,488 1,931,182 4,185,290 435,085 1,513,002 751, 513 159, 365 199, 691 83,511 136,331 5,237, 225 1,458,097 1,761,897 41,552 2,340,384 3,792,187 236,466 210,733 2,542,997 888,194 33,336,478 88,036 402,532 1,526,736 1,937,311 1,405,047 Withdrawals 1 Balance to the credit of depositors June 30, 1925 $92,641,273 I $32,173,211 367,298 418,028 568,918 106,693 2,214,023 1,034,690 1,311,616 124,038 286,104 1,291,087 258,651 48,320 1,366,145 4,611,015 466,723 712,509 429,143 186,205 215,120 114, 524 147,918 5,924,156 1,842,486 1,377,477 36,783 1,954,323 2,580,859 164,180 224,607 231,061 3,018,229 466,419 38,521,286 70,173 167,094 1,698,533 1,122,460 1,256,259 371,455 628,819 702, 585 193,358 2,644,572 1,954,633 1,761,992 157,259 376,002 1,148,474 368,727 21,769 1,595, 786 7,559,799 741,628 1,636,849 1,039,723 260, 525 303,128 161,087 172,044 8,393,425 2,265,273 2,417,335 74,247 3,348,455 4,038,431 336,007 403, 605 3,510,595 703,816 50,619,488 72,293 397,228 2,970,144 1,907,599 2,019,785 Increase in balances to the credit of depositors a -384,389 384,420 4,769 386,061 1,211,328 34,710 11,859 -20,328 -475,232 421,775 -5,184,808 17,863 235,438 -171,797 814,851 148,788 Amount at interest in banks June 30,1925 Interest received from banks Interest paid depositors Amount of deposits surrendered for bonds $53,547 $97,898,485.83 $2,442,110.48 $2,304,933. 72 $102,120 48 321,276. 76 640,522. 65 Savings stamps Sold -$640,924 | $51,888.10 —16,636 29,265 163,881 31,232 -479 440,616 -252,971 - 2 9 , 674 33,827 272,752 98,821 -14,832 565,037 - 4 2 5 , 725 -31,638 800,493 322,370 -26,840 —15,429 -31,013 - 1 1 , 587 OS O 84.60 -0.80 23.40 40.80 1,090. 60 269.10 1,230. 50 26.60 318.00 106.00 133. 60 46.10 1,316.80 50.20 45.20 70.50 32.20 16.90 118.90 111. 10 2, 773.00 127. 20 129. 50 20.10 297.20 64.80 161. 20 10.90 320. 70 2,630.40 18.50 19,891.50 4.10 12.10 722.10 81.90 114.10 Redeemed 20 23 775 302 1,450 38 353 113 142 41 1,677 82 43 62 33 17 149 79 2,950 92 138 24 333 58 157 2,812 13 20,622 2 14 722 82 113 183,255.04 2.330,967.86 1,894,126.09 1,207,889.88 149,088. 51 840,872.11 1,033,622. 34 342,997.75 22,265.08 1, 621,371. 72 5,295,579.82 661,577.11 1, 626, 743. 32 952,176. 87 221,144.07 251,579. 50 135,647. 55 112,042.06 6,699,149.41 2,151,369.95 2,382,984.05 81,151. 79 2,978, 622. 28 4,121,290. 51 288,604.18 240,796. 61 305,563.90 2,666,368.08 328,356.47 26,572,182.94 72, 665.01 402,756.42 2.461,457.87 1,896,777.88 1,923,797.98 8,177. 52 15, 642. 44 14,115. 20 4,506. 62 58,531. 36 42,578. 73 33,423. 58 4,169.92 23, 564. 99 22,008.45 7,315.43 703.84 36,092.39 136, 822. 70 15,998.94 29, 651. 76 19,041.03 5, 696.13 6,326. 48 3,639. 65 2,938. 40 174,430. 73 57,444. 95 56,240. 22 1,929.14 65,299. 65 89,871.62 6,848. 49 5,845. 96 7,836.69 71,491. 71 5,997.12 717,516. 64 1,533.06 7,515. 63 61,937.83 38, 514. 66 46,537. 76 6,060. 37 9,159. 65 7,750. 96 3,299. 83 46,371. 49 23,761. 45 38, 748. 23 3,205. 08 5,417. 43 14,743. 76 4,215. 21 560.32 13,380.98 141,803. 80 16,004. 93 11,389. 93 12,285. 25 4,929. 48 5,493. 34 4,476. 24 3,283.98 153,447.64 50,515. 27 26, 520. 53 1,247. 78 48,933. 63 34,426. 75 4,888.07 6,104.50 7,913. 73 69,617.13 2,900.41 997,040. 72 841. 76 1,527. 20 63.098.94 11,512. 52 31,542.86 7,500 2,540 4,000 4,940 5,600 1,700 800 2,300 2,340 1,000 2,000 6,100 2,500 12,020 6,000 400 1,000 700 2,240 9,200 7,500 ~1~84G Pennsylvania.. Porto Rico Rhode IslandSouth Carolina South Dakota. Tennessee Texas..Utah Vermont Virginia Virgin Islands. Washington . . . West Virginia.. Wisconsin Wyoming--—. 1 11,564,165 155,302 935, 311 120,031 327,980 199,119 851, 787 561,289 97,480 268,028 3,114 317,711 1,129,892 467,114 6,011,125 217, 292 540,113 221,963 718,238 188,449 1,304,580 420,873 31,917 166,715 9,757 4,135,928 193,034 565,300 6,908, 769 I 10,666, 521 164, 463 208,131 804,097 671,327 212,425 129,569 656,723 389,495 237,566 150,002 836,436 1,319,931 387,024 595,138 46,616 82,781 200,409 234,334 6,325 6,546 6,898,572 4,136,273 290,285 220,460 1,091,001 604,191 811,093 1,348,086 -897, 644 9,161 -131,214 92,394 328,743 38,447 468,144 These totals include the amount of $2,292,358 transferred between depository offices. - 3 3 , 694 3,432 -345 -27,426 -38,891 880,972 2,455,10 15, 615.80 667. 50 22.40 36.70 27.80 99.90 10.60 35.80 183.50 93.80 16.90 85.10 27.60 2,759 15,585 739 12 36 19 116 11 30 161 9,300,007. 67 141, 111. 67 654,520. 34 606,091. 72 205,084.14 1,125,482. 68 580,537. 23 77,670.81 230,287.51 235,619. 28 3, 373. 86 17,450. 29 3,651. 42 10,817.49 4,506. 47 21,245. 65 15,098.09 2,140, 70 6,277.78 88 16 51 28 6,317,342. 50 247,316.89 1,078, 792. 25 1,067,241. 42 159, 530. 5,999. 27, 749. 20,912. 39 55 76 33 209,548. 62 2,079.16 17,397. 50 1, 733. 21 3,196.39 3,995. 73 12, 507. 54 9,536. 78 1,427. 44 5,778.19 23.85 116,844. 95 5,583. 95 20,729. 56 6,131. 70 3,860 '4~866 4~480 ...... '""leo 2,"l65 2,100 # ""d o g o *1 * A minus sign denotes decrease. O O K w m a 3 O Co 132 BEFOET OF THE COMPTROLLER OF THE CUR&EFCY SCHOOL SAVINGS BAHKS Statistics compiled by the savings bank division of the American Bankers' Association disclosed a remarkable increase in the enrollment of school children in school savings banks throughout the 39 States and the District of Columbia from which returns were received as well as a noticeable increase in the number of participating members and in the amount of deposits in the school year 1924-25« The number of schools represented by the returns for the year 1924-25 was 10,183, indicating an increase over the previous year of 11.93 per cent; the enrollment was 3,848,632, an increase of 24.35 per cent; the number of students participating was 2,869,497, an increase of 28.31 per cent; deposits of $16,961,560 were increased 13.14 per cent; and balances with banks of $25,913,531 were increased 26.81 per cent. Statistics relative to school savings banks in the 39 States listed and the District of Columbia for the year 1924-25, with total figures for prior years since 1919-20, are shown in the following table: School savingSj hy States, for Num- Enroll- Particiber of schools ment pating Alabama Arkansas California Colorado Connecticut Delaware District of Columbia.. Florida Georgia Illinois..Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska New Jersey New York North Carolina Obio Oklahoma Oregon Pennsylvania Rhode Island South Carolina Tennessee Texas. Vermont Virginia Washington West Virginia Wisconsin Totals, United States: 1924-25 1923~24_ 1922-23 1921-22 1920-21 1919-20 1,619 12 371 35 60 42 93 515 238 265 77 183 85 57 70 846 411 386 3 106 7 70 346 931 43 588 124 28 1,380 308 2 60 20 17 123 212 102 314 3,119 1,933 411,803 4,349 112,650 15,524 28,922 19,014 63,796 176,535 90,543 96,073 27,207 61,888 47, 968 15,275 53,275 343,403 144,388 157,486 1,000 64,506 2,602 40,678 142,326 201,368 15,606 269, 262 44,771 2,545 729,001 83,062 840 33,904 20,000 5,084 67,380 99,545 51,963 98,038 2,776 1,879 196,661 2,384 70,407 20,176 "I2,"O22 42,661 130,328 68,161 49,278 21,942 44,494 36,772 10,641 31,197 166,387 96,746 133,248 1,000 44,922 1,872 16,879 105,057 460,073 12,486 212,090 30,665 1,690 486,306 81,921 400 34,419 2,129 1,875 50,205 86,035 72,617 Deposits Interest Net savings $13,814.96 $196. 61 $3, 656. 94 $10, 426, 08 8,629.77 64.97 2,509.18 4,935.96 995,072. 43 93,373.70 659,476.05 3,339,880.77 11,849.30 4,461.04 125.81 50,278.04 606,303.46 12,959.01 405,519.02 992,433. 45 143,352. 76 4,365.41 59.284.98 177,903.01 39,889.30 39,889.30 39,889.30 47, 664. 90 35,105. 71 34,818. 29 156,456. 01 2,684.53 59,539.83 200,954.15 1,002,433.16 18,284.41 317,310.03 1,138,221.79 429,488. 43 10,527.14 159,415.34 538,903. 78 375,453. 01 12,671.95 125,603.98 544,742.76 73,428.18 1,333.70 27,534. 75 79,889.31 222,102. 92 4,974.90 45,119. 42 270,120.05 57,153. 28 12,156. 33 113.940.02 25,562. 85 1,131.12 17.850.99 45.110.11 332.36 68,109. 03 99,381. 65 86,080. 82 981,090.19 15,771. 52 617,130. 28 1,514,009.12 656,881.23 16,901.77 207,380.63 945,806. 23 522,010. 75 2,651.91 385,007.58 936,105.14 8,205. 89 4, 682. 61 4,682, 61 212,845.58 1,713.67 98,425. 08 190,942. 78 3,120. 76 4,258.32 2,129.88 232,096.15 1,960.18 37,781.52 321,619.48 821,921.20 20,772.92 458,450.12 1,245,888.43 2,285,869.32 37,657. 55 1, ,489,125.36 2,783,250.61 699.00 13,398.28 34,685. 64 39, 505. 63 1,168,699.49 37,553.74 338,642. 07 1,799,740. 89 759. 26 178,497.84 193,583.46 594.646.03 370.89 9,233.71 16,106.48 3,720.52 3,222,872. 48 94,056.391, 013,815.44 4,745,931.52 789,095.74 23,974.63 252,359.74 1,080,040.98 891. 56 26.06 457. 84 1,779.47 77,489.66 3,210.02 28,467.39 201,674.30 6,778.80 6,778.80 6,778.80 6,476.43 498.71 15.494.12 7,470.54 222,086. 71 217,925.13 4,663,57 48,433.69 704,540. 97 557,137.891 17,781.18 326,119.14 224,692. 66 140,066.97 3,230.81 49,547.30 503,572.21 10,793.41 170,840. 51 645,134.96 10,163 3,848,632 2,869, 497 „.,. „ 16,961,560.721458,072.81 , 7,779,922. 55 25,913,531.15 9,080 3,095,012 2,236,326 14,[, 991,535.40 310,865.918,556,991.27 20,435,144.64 6,6M 3,061,05311,907,851 10, '" C31,838. 69!184,645.27 11,807, 085. 59 4,78512,241,7051,295,607 5,775,122.32L 6,479,286. 99 3,3161,829,475 802,900 4,158,050.151 5,185,280.93 2,7361,015,653 462,651 % 800,301.1S| — 4,200,872.32 BEPOBT OF THE COMPTROLLER OF THE CURRENCY 188 SAVXFGS BAFKS IH PEIMCIPAL COUHTEIES OF THE WOELB Statistics compiled by the Bureau of Foreign and Domestic Commerce, Department of Commerce, relative to savings banks, including postal savings banks, in the principal countries of the world, on specified dates, supplemented by information obtained from reports received in the Currency Bureau from other sources are shown in the following statement: Savings banks, including postal savings banks, number of depositors, amount of deposits, average deposit per deposit account and per inhabitant, by specified countries (Source: Official reports of the respective countries Country Argentina Austria 2 Belgium Brazil.Bulgaria Chile 8 C zechoslovakia_ _ Denmark * Egypt Finland FranceAlgeria . Tunis. _ Italy Japan Formosa... Chosen.... Netherlands Dutch East I n d i e s Dutch Guiana Dutch West Indies.. Norway Spain Sweden Switzerland United Kingdom.. British India «. Australia New Zealand.. Population (000 Date of report omitted)i Dec. 31,1922 6,240 Dec. 31,1924 7,666 Dec. 31,1923 30,636 Sept. 30,1923 5,915 Dec. 31,1924 3,870 Dec. 31,1923 13,611 do 3,348 Mar. 31,1923 13,885 Dec. 31,1923 3,435 /....do t—do 31,1922 39,210 /Dec. L.-.do 5,564 Dee. 31,1918 2,095 Dec. 31,1923 31,1924 39,660 /Dec. \____do JDec. 59,460 \Mar. 31,1922 31,1923 .do. 3,614 17,208 do 31,1921 7,213 /Dec. \Dec. 31,1923 49,351 Dec. 31,1922 95 Dec. 31,1921 55 .do. 2,714 Dec. 31,1923 rDec. 31,1922 21,658 do. •ec. 31,1924 6,036 ...do >ec. 31,1918 44,677 /Nov. 20,1924 \ D e c 31,1923 247,003 Mar. 31,1924 5,874 Dec. 31,1924 31,1925 1,325 /Mar. {....do Form of savings bank Postal „... Communal and private General Federal Postal Public _ Communal and private Communal and corporatePostal Private...Postal Private.. „ Postal Municipal Postal Communal and corporate. . Postal.. Private. Postal... .do— .....do.. Private. Postal... .do... ..do.. ..do.. Communal and private. Private PostalCommunal and trustee— Postal Communal and private. Trustee Postal— .do.. Government and private.. Postal Private , Number of depositors (thousands) 681 1,254 2,797 1,589 115 544 129 8,922 7,189 21 5 7,883 27,066 458 1,590 656 1,947 240 14 5 1,861 1,827 423 2,430 717 2,818 2,296 18,404 2,089 735 125 Deposits (thousands of dollars) $15,164 34,134 88,301 41,039 1,917 39,779 303,310 341,614 7,072 38,092 3,138 571,300 223, 980 886 1,396 466, 735 404, 728 151, 271 483,359 3,970 9,655 88,743 115, 930 7,862 400 82 367, 581 229,108 16, 552 642,908 39,905 545, 738 494,886 1,180, 568 74, 018 818,402 224, 288 27,422 Average Average deposit deposit, per inaccount habitant $22.28 22.58 31.72 108.43 214.99 61.60 70.06 24.24 64.03 31.16 43.19 292.58 19.19 17.88 8.67 6.07 135.19 59.54 32.75 28.57 16.46 197.47 125.39 39.16 264. 57 55.62 193. 68 215. 59 64.15 35.43 210. 59 305.09 219.85 $1.74 5.47 11.52 1.34 .32 10.28 22.28 102.03 .51 11.09 .91 14.57 5.71 .16 .67 11.77 10.20 2.54 8.13 1.10 .56 12.30 16.07 .16 4.20 1.50 135.44 10.58 .76 106.51 6.61 140.44 11.08 26.42 .30 139.34 169. 27 20.70 CO Canada Union of South Africa British West Indies British colonies, n. e. S Foreign countries, total... United States and possessions. Philippines Grand total 9.227 1924 I Mar. 31,1924 7,175 \Mar. 31,1923 1,749 Dec. 31,1921 44,464 1921 Government, postal, and special,. Postal ___ Private Government and post office do 10.59 292 17 115 330 97,710 22,475 4,820 7,584 14,604 76.86 277, 28 65.86 44.25 31.32 6.72 4.34 716,619 (Postal Savings System. 115,821 June 30,1925 \Mutual and stock do 10,870 Postal 105,381 402 14,540 171 8,252,432 132,173 9,065,181 2,764 68.38 32S. 79 623.46 16.16 11.51 1.14 78.27 .25 843,310 120,494 17,452,550 144.84 20.70 i Thefiguresof population are for the nearest date to which the statistics of savings banks relate. s Exclusive of the Burgenland. 8 Includes savings deposits in ordinary banks, * Exclusive of the Faroe Islands. 6 Exclusive of the feudatory States. The average deposit for the total has been calculated on the amount of $7,206,169,000, the total for the countries showing the number of depositors (exclusive of Austria, Brazil, Bulgaria, Italy, and Canada). The amounts in original currencies have been converted at the New York rate of exchange prevailing on date of report. The Canadian dollar has been taken at par. 8 O hj H w a w B Co 186 BEPOET OF THE COMPTKOLLEB OP THE CURRENCY EESOUECES OF LEADING- FOBEIGUT BAffKS OF ISSUE The combined resources of 26 foreign banks of issue, converted at the existing rates of exchange, on or about June 30, 1925, amounted to $12,040,233,000, compared with resources of 22 banks of issue, on or about June 30, 1924, amounting to $10,733,463,000. During the year ended June 30, 1925, two new currency units were created—the German reichsmark, equivalent to the pre-war mark, worth 23.82 cents, and the Austrian schilling, equivalent to 14.07 cents, which replaced at the rate of 1 to 10,000 the crown whoso par value had been 20.26 cents. Among the countries listed below the currencies of England, South Africa, the Netherlands, and Switzerland returned to gold parity. In the case of a number oi countries whose currencies are below parity the statements of the central bank make no distinction be™ tween gold assets and paper assets. When these statements are converted into dollars at the current rate of exchange the resulting figure undervalues the bank's resources. A statement prepared by the Federal Reserve Board, showing total assets of 26 banks of issue on or about June 30, 1925, the par of exchange, and conversions into dollars at par of exchange and at prevailing rates of exchange follows: Total assets oj principal central banks about June 80, 1925 [In thousands of local currency and of dollars] Date, 1925 Austria Belgium.™ _ Bulgaria Czechoslovakia Denmark England-_ Finland.. France.Germany _ Greece Hungary Italy (3 banks) Netherlands Norway Poland Rumania Russia Spain. Sweden SwitzerlandYugoslavia Peru. Japan. _ Java South Africa Portugal-_ -.» - „ . . __ _._„ ., __. «. .. — „ ..»—— Total- „ June 30 June 25 June 30 ...do.-., do. _.._ July 1 June 30 ... June 25 June 30 .do — ...do--.. ...do June 29 -. June 30 . . . —do—.. June 20 July 1 June 27 June 30 do. ^_._ ...do ...do--.. June 27 d ..do. July — Local currency Total Rate of exchange on given date Cents Schilling 1,346, 562 14.051 Franc 7,871, 200 4.60 Lev._. 7, 639, 373 .7314 Krone 8,975, 957 2.9623 .do. 662,134 20.16 Pound 320, 207 486.04 Mark 2,105,250 2. 5218 Franc 48,272, 491 4.65 Eeichsmark. 4, 251,142 23.80 9, 438, 678 Drachma 1. 6783 Krone. ), 647, 426, 862 .0014 Lira 26,218, 555 3.51 Florin 994, 727 40.07 Krone 623, 581 17. 88 Zloty_ 723, 635 19.18 .4618 Lev 27,526, 622 Cherwonetz. 271,610 5.141 Peseta 6, 256, 017 14. 52 Krona 848, 652 26.80 Franc. 995, 213 19.42 Dinar 8,945, 802 1. 7459 Pound 7,659 4.130 Yen 2, 241, 435 40.65 Florin 380,320 41.00 Pound 17,135 485. 00 4,102, 788 5.10 Escudo Total assets converted at rate of exchange on given date 189,205 362, 075 55, 874 i 265, 895 133, 486 1, 556, 331 53, 090 2,244, 071 1, 011, 772 158, 221 135, 084 825,884 398, 587 111, 496 138, 793 127,118 1,396, 347 908, 374 227, 439 193, 270 156,185 31, 632 911,143 155, 931 83,105 209, 242 i 12,040,23.8 1 The apparent reduction compared with last year is due to the separation of certain treasury accounts since the beginning of the current year. REPORT OF THE COMPTROLLER OF THE CURRENCY 137 EXPENSES OF THE CUEEElSrCY BUBEATJ By reference to the table following, showing in detail expenses relating to the maintenance of the Currency Bureau for the fiscal year ended June 30, 1925, it will be noted that the aggregate expenses were $4,954,164.86, of which $1,140,444.97 were paid from appropriations and $3,813,719.89 reimbursements by the banks. The salary rolls aggregated $412,613.12, of which $223,909.40 were paid from appropriations and the remainder from a fund reimbursed by the banks. Taxes paid by national banks on circulating note issues amounted to $3,661,819,45. Deducting from this amount the expenses of the bureau paid from congressional appropriations, $1,140,444.97, leaves the net income to the Government on account of the tax on circulation at $2,521,374.48. Expenses incident to maintenance of Currency Bureau and net income derived by Government from taxes on national-bank notes, fiscal year ended June 30, 1925 Expenses Expenses paid from ap- reimbursed propriation by banks Salaries: Regular roll, including retirement fund „ National currency reimbursable roll, including retirement fund _ _.„ Federal reserve issue and redemption division, including salary of comptroller as member of Federal Reserve Board___ _ _ _ Insolvent national-bank division __...-.._._, .Total salaries General expenses: Printing and binding... ..._„.._.„ Stationery „ Amount expended for light, heat, telephone, telegraph, furniture, labor-saving machines, etc., partially esti« mated „ Special examination of national banks, repairs to macerator, etc Total general expenses .__„ Currency issues: National-bank notes— Paper ._ „ ,_-_ Printing, etc __„_ _ Plates (reimbursed) Federal reserve n o t e s Paper _ Plates, printing, etc Total currency issues .__. Expenses on account of national-bank examining service paid by banks _ __ Postage on shipments of national-bank notes _ _. Postage on shipments of Federal reserve notes _ Insurance on shipments of national-bank notes Insurance on shipments of Federal reserve notes Total expenses paid from appropriations Total expenses reimbursed by banks— Total expenses _ _._ _ Total expenses $223, 909. 40 $67,903. 99 59, 845. 55 GO, 954.18 24,013. 81 7, 961.47 4, 683.18 1, 520.18 3,986. 51 5,195. 01 $412,613.12 1,932. 26 49,292. 42 113,817. 43 764,824. 09 22,133. 00 242, 694. 53 947,590. 72 2,199,807. 4.6 79, 820.18 48,145. 92 24, 785. 03 48, 640. 96 1,140,444. 97 3,813,719.89 Tax paid by national banks on circulating notes Total expenses of Currency Bureau paid from congressional appropriations , Net income to Government from taxes on circulation >« . 2, 091, 059. 77 2,199,807. 43 79.820.18 48,145. 62 24,785. 03 48, 640. 96 4,954,164.88 $3,661,819.45 1,140,444.97 - . — - 2,521,374.48 Respectfully submitted. J. W. MCINTOSH, Comptroller of the Currency* To the SPEAKER OF THE HOUSE OF REPRESENTATIVES* APPENDIX 139 DIGEST OF DECISIONS BELAIIM TO NATIONAL BANKS [The following Federal cases were reported in vois. 263-267, and pages 1 to 485, vol. 268, United States Reports and vols. 1 to 6 Federal Reporter, second series. In addition to the Federal cases, 23 selected State cases have been taken from the Atlantic, Pacific, Northeastern, Northwestern, Southern, and Southeastern Reporters, and one from the New York Supplement] CAPITAL STOCK RESTORATION OF IMPAIRED CAPITAL Bank selling stockholder's stock to collect assessment ordered to strengthen capital held not entitled to personal deficiency judgment against stockholder. (N. C. Sup. 1925.) Bank which assessed its stockholder pursuant to Banking Law, 1921, section 25a, as added by Public Laws Extra Session, 1921, chapter 56, section 3 (similar to National banking act (U. S. Comp. St. sec. 9767)) to strengthen its impaired capital, held not entitled to personal judgment against stockholder for amount of assessment in excess of sum realized from sale of his entire stock pursuant to section 3; its remedy being restricted to a sale of stockholder's stock. (Elon Banking & Trust Co. v. Burke, 126 S. E. Rep. 163; 89 N. C. 69.) Phrase "payable in cash" as found in amendment to general banking act construed. (N. C. Sup. 1925.) Under Banking Law, 1921, section 25a, as added by Public Laws Extra Session, 1921, chapter 56, section 3, providing that the assessment levied against the stockholder to strengthen impaired capital is "payable in cash," the quoted phrase means the amount of the assessment is presently due, and its payment presently enforceable, but only by the methods the statute specifies, to wit, a sale of the stock. (Ib.) CHECKS Bank is liable for knowingly permitting agent to control funds of principal. (U. S. C. C. A. 1925.) A bank which, with knowledge that funds belong to a principal, permits an agent to deposit them to his own credit and withdraw them by his individual checks for his own uses, is liable to the principal if the agent embezzles the funds, unless he acted within the apparent scope of his authority, or the principal, with knowledge of his acts, permitted or ratified the same. (Oklahoma State Bank v. Gallon Iron Works & Mfg. Co., 4 Fed. Rep., 2d series, 337.) Estoppel—Requisites of equitable "estoppel," stated. (U. S. C. C. A. 1925.) To constitute an "estoppel," in the absence of false representations by the party sought to be estopped, he must have been guilty of such conduct as to have given the person pleading the estoppel reason to believe that a state of facts existed inconsistent with those now asserted against him and in reliance on which he acted. (Ib.) Plaintiff held, not estopped to assert liability of bank for sums embezzled by its agent through unauthorized acts of the bank. (U. S. C. C. A. 1925.) Evidence held to show that plaintiff had no knowledge that defendant bank was discounting warrants payable to plaintiff on indorsement by its agent, placing the proceeds to-fche credit of the agent, and permitting him to withdraw the same on his personal checks, and that plaintiff was not estopped to assert defendant's liability for the amount in that manner embezzled by the agent. (Ib.) Interest—On recovery for money converted or due on an implied contract, plaintiff is entitled to interest. (U. S. C. C. A. 1925.) On recovery on an implied contract for payment of money or for conversion of money, plaintiff is entitled to interest. (Ib.) 141 142 REPORT OF THE COMPTROLLER OF THE CURRENCY Bankruptcy trustee held not entitled fo recover fund which had legally vested in another before bankruptcy. (U. S. D. C. 1924.) Where a bank received and credited to a depositor a check given by another depositor which had funds sufficient to pay it, and which, so far as the bank knew, was solvent, though in fact insolvent, the transaction between the parties was completed and the bank was required to apply so much of the drawer's funds as necessary to the payment of the check, and the fact that it failed to do so does not entitle the trustee of the drawer, on its subsequent bankruptcy, to claim the fund. (In re Smith, Lockhart & Co., trustee in bankruptcy, v. Mercantile Trust & Deposit Co., 3 Fed. Rep., 2d series, 444.) Bank held to have made illegal disbursement of funds of bankrupt estate. (U. S. D. C. 1924.) On the day of bankruptcy but before the filing of the petition and without knowledge of its insolvency, the bank in which bankrupt was a depositor received checks given by it through the clearing house and charged the same to its account. By the clearing-house rules it had the riglrt>to return the checks at any time before 12 o'clock, and by custom the time limit might be waived and return permitted up to the time of closing of the exchange for the day. Learning of bankrupt's embarrassment and fearing that it might not have sufficient funds of bankrupt because of uncollected checks deposited, the bank sought and received permission to return the checks and duly credited them to bankrupt's account. This was after 12 o'clock and after filing of the petition. Later, finding that it had sufficient funds, the bank refunded the amount of the checks to the presenting banks. Held, that the waiver of the time limit by the presenting banks and acceptance of return of the checks put the parties in the same position as when the checks were first presented; that the bank was not legally bound to make the refund and was without right to do so from funds which then belonged to the bankrupt estate. (Ib.) CERTIFICATION OF CHECKS Drawer discharged of liability on check, where payee caused it to be certified by bank on which it was drawn. (U. S. C. C. A. 1925.) Drawer was discharged of liability on check given in payment of goods, in view of General Laws, Massachusetts, chapter 107, sections 210, 211, where payee caused check to be certified by bank on which it was drawn, which deducted and charged drawer's account wjlth amount thereof and then closed its doors, and drawer lost any dividends to which he would have been entitled on amount of check. (Linsky v. United States, 6 Fed. Rep., 2d series 869.) Drawer of check, certified at his request before delivery, may stop payment to payee obtaining check by fraud. (N. J. App. 1924.) A drawer of a check, which has been certified at his request before delivery, may recall the same and require the certifying bank to refuse payment to the payee named therein, if such payee is not a bona fide holder for value, but has obtained the check by fraud perpetrated by him upon the maker. (Sutter v. Security Trust Co., 126 Atl. Rep. 435.) Rule stated as to defenses open to bank sued by payee of check, certified at request of drawer, but who has stopped payment. (N. J. App. 1924.) Upon suit by the payee named in the check against the certifying bank upon its refusal to pay, after notice from the drawer to stop payment, for reasons showing the payee not to be a bona fide holder thereof for value, the bank can urge and have the benefit of any defense that the drawer could have against such payee, establishing that such payee obtained the instrument, or any signature thereto, by fraud, duress, or force and fear, or other unlawful means, or for an illegal consideration. (Ib.) Rule stated as to right of drawer of check, certified at his request, to stop payment as against indorsee not in due course. (N. J. App. 1924.) The right of the maker of a check, certified at his request before delivery, is the same against an indorsee holder, who is not a holder in due course, as is his right to stop payment against the payee who is not a bona fide holder for value. (Ib.) REPORT OF THE COMPTROLLER OF THE CURRENCY 143 Drawer of check, certified at his request before delivery, can not stop payment as against bona fide holder; drawer of check, certified after delivery at request of payee or holder, can not slop payment. (N. J. App. 1924.) Such rule has no application to a certified check held by a payee who is a bona fide holder for value, nor to a holder in due course, although certified at the request of the drawer before delivery, nor where the check, after delivery, is certified at the request of the payee or holder, db.) CLEARING HOUSE Time of payment-of checks presented through clearing house. (U. S. D. C. 1924.) In contemplation of law, payment of checks presented through a clearing house has not been made until expiration of the time within which, under the clearing-house rules, the presenting banks are bound, on demand, to accept their return. (In re Smith Lockhart & Co., Trustee in Bankruptcy v. Mercantile Trust & Deposit Co., 3 Fed. Rep. 2d series, 444.) Clearing-house rules may be waived. (U. S. D. C. 1924.) The rules made by the members of a clearing house for their mutual convenience and protection may be waived by the bank which they aim to protect. (Ib.) Clearing-house rules may have a bearing on rights of outside parties. (U. S. D. C. 1924.) While the rules of a clearing house are not of their own force binding on persons not members, such rules and the practice under them may have a bearing on rights of third persons. (Ib.) COLLATERAL SECURITIES Maker not entitled by virtue of his equitable right of set-off as against payee to have action stayed until indorsee has exhausted other collateral held by it as security for debt. (U. S. Sup. 1925.) A note made to the order of a bank in which the maker had a deposit was indorsed by the payee to another bank as partial security for a larger indebtedness owed by the first bank to the second. The payee bank became insolvent and the indorsee sued the maker on the note. Held that the maker was not entitled, merely in virtue of his equitable right of set-off as against the payee, to have the action stayed until the indorsee had exhausted other collateral held by it as security for the debt owed it by the payee—at all events, not in the absence of the payee as a party. 294 Fed. 798, affirmed. (Sowell v. Federal Reserve Bank of Dallas, 268 U. S. R. 449.) Factors.—One advancing money to pay for property and taking title is owner as to third parties. (U. S. C. C. A. 1925.) Where one pays for and takes title to goods bought, he acquires the rights of an owner thereof, though the goods were bought at the instance of and for the ultimate use and profit of another, who by agreement is entitled to acquire ownership by complying with stated conditions. (Sugarland Industries et al. v. Old Colony Trust Co., Old Colony Trust Co. v. Sugarland Industries, 6 Fed. Rep., 2d series, 203.) Factors.—Trust certificates held to recognize ownership of bank. (U. S. C. C. A. 1925.) Defendant, a sugar refiner, contracted with an importer of raw sugar to receive and make advances on sugar imported, refine and market the same, and account for the proceeds, less its advances, and refining, handling, and selling charges. Complainant bank advanced the money to pay for certain cargoes imported, and took title thereto, which it transferred to defendant, on payment by it of the agreed advances, taking a trust receipt for each cargo, providing that it should be refined and sold by defendant, and the proceeds accounted for to complainant, after deducting the charges in accordance with defendant's contract with the importer. Held, that as to each cargo there was a separate contract, that as between complainant and defendant complainant was the owner of the sugar, and that defendant was without right to deduct from the proceeds any indebtedness due it from the importer arising out of the contract between them. (Ib.) 144 REPORT OF THE COMPTROLLER OF THE CURRENCY Contract that security given for a debt should be held for any other indebtedness of the debtor held valid. (U. S. C. C. A. 1925.) Where complainant bank advanced money to pay for cargoes of sugar imported, taking title thereto as security, a provision of the contract with the importer that it should also hold such title as security for any other indebtedness of the importer to it held valid and enforceable, as against a third party having claims against the importer. (Ib.) COLLECTIONS Effect of waiver or presentment, notice of nonpayment and diligence in collecting stated. (U. S. Sup. 1925.) Failure to present a promissory note for payment at the payee bank, where it was payable and where the maker had sufficient funds, or to give notice of dishonor, held not a defense to an action against the maker by the indorsee holder, in view of provision in the note waiving "protest, notice thereof and diligence in collecting," and the negotiable instruments law in Texas, giving effect to such provisions. (Sowell v. Federal Reserve Bank of Dallas, 268 U. S. R. 449.) Indorsement of checks in blank and deposit for transmission and collection held not to transfer title to bank. (U. S. C. C. A. 1925.) Where checks were indorsed in blank and deposited for transmission and collection, and bank credited customer's account, subject to right to charge checks back if payment was not received, title to checks was not transferred to bank. (First Nat. Bank of Denver v. Federal Reserve Bank of Kansas City, Mo., 6 Fed. Rep., 2d series, 339.) Bank accepting check for collection undertakes collection as independent contractor, and there is no privity between owner of check and correspondent bank. (U. S. C. C. A. 1925.) Initial bank, accepting check for collection, undertakes collection as independent contractor, in absence of statute or contract to contrary, and there is no privity of contract between owner of check and initial bank's correspondent. (Ib.) Bank may agree to receive check for transmission, and become responsible only for good faith and discretion in choice of its agent. (U. S. C. C. A. 1925.) Duties and responsibilities of bank receiving check for collection depend on contract with owner of check, and it may agree to receive check solely for transmission to its correspondent, and thus become responsible only for good faith and due discretion in choice of agent. (Ib.) Distinction between accepting check ufor collection" and "to be transmitted for collection" stated. (U. S. C. C. A. 1925.) Where bank receives check "for collection," it undertakes as independent contractor to collect check by all proper means, and its responsibility extends to such means, by whomsoever used; but, where it agrees to transmit for collection, its sole responsibility is to select and transmit to a competent agent with proper instructions. (Ib.) First bank to accept bill of exchange for collection becomes agent of and liable to owner thereof. (U. S. C. C. A. 1925.) Where owner of bill of exchange indorses and delivers it to bank to transmit for collection, first bank accepting it for collection becomes agent of, and liable to, owner. (Ib.) Correspondent presumed to have accepted checks for collection without limiting liability, burden being on it to prove contrary. (U. S. C. C. A. 1925.) Correspondent bank to which checks were transmitted for collection, is presumed to have accepted them for collection without limitation as to its liability, and burden is on it to show contrary, and it was therefore immaterial whether correspondent bank knew that transmitting bank had limited its liability, since its liability for its negligence was same, whether it acted as agent for transmitting bank or for owner. (Ib.) REPORT OF THE COMPTROLLER OF TEE CURRENCY 145 Principal and agent—Agent's contract inures to benefit of undisclosed principal. (U. S. C. C. A. 1925.) Where agent, acting within his authority, enters into simple contract in his own name for benefit of undisclosed principal, contract inures to. principal's benefit, and principal may sue in his own name for breach thereof or of legal duty growing out of it. (Ib.) Principal and agent—Defenses available against agent are available against undisclosed principal. (U. S. C. C. A. 1925.) Defenses available against agent to person contracting with him without knowledge of agency are available against undisclosed principal. (Ib.) Correspondent bank held liable to owner of checks transmitted to it for collectionm (U. S. C. C. A. 1925.) Where checks were indorsed in blank, to be transmitted for collection under agreement that "this bank will observe due diligence in its endeavor to select responsible agents, but will not be liable in case of their failure or negligence," correspondent to which bank sent checks for collection, and which did not limit its liability, was liable to owner of checks for breach of its legal duties in collecting checks. (Ib.) Collecting bank held liable to owner of checks for loss sustained in accepting drawee's draft on another bank. (U. S. C. C. A. 1925.) Federal reserve bank, to which checks were transmitted for collection, which accepted draft of drawee on another bank in payment, was liable to owner of checks for loss sustained, in absence of authority to accept anything other than monev in payment of checks. (ib.) Regulation of Federal Reserve Board held not to authorize Federal reserve bank to accept draft in payment of check. (U. S. C. C. A. 1925.) Regulation of Federal Reserve Board, authorizing Federal reserve bank to act as agent for collection of cheeks on other banks and to send checks to drawee banks, held not to authorize Federal reserve bank, in collecting check, to accept from drawee bank a draft in payment thereof. (Ib.) Stipulation in bank book held to entitle bank to charge back against depositor's account amount of dishonored checks. (U. S. C. C. A. 1924.) Stipulation in bank book, "All out of town items credited subject to final payment/' gives bank right to charge back against depositor's account checks for which credit is entered, if dishonored. (City of Douglas v. Federal Reserve Bank of Dallas, 2 Fed. Rep., 2d series, 818.) Depositor7s right of action for negligence in collection of check is exclusively against initial bank of deposit, and not negligent bank, to which it is sent for collection. (U. S. C. C. A. 1924.) Depositor, who deposited check on out of town bank, forwarded for collection to third bank, could not sue third bank for negligence in collection of check, but his right of action was exclusively against initial bank, notwithstanding stipulation in his bank book, "All out of town items credited subject to final payment," there being no privity of contract between depositor and third bank. (Ib.) Bills and notes—Payment of check by drawee discharges drawer. (U. S. C. C. A. 1924.) (Ib.) Payment of check by drawee discharges drawer. Credit of checks received by reserve bank; regulation of Reserve Board held valid. (U. S. D. C. 1924.) The provision of Regulation J of the Federal Reserve Board that checks received by a Reserve bank from member banks will be counted as reserve or become available for withdrawal only from a date fixed by a time schedule based on experience of the average time required to collect checks, and that reserve bank acts only as agent, is not in violation of Federal reserve act, section 16 (12) being Compiled Statutes, section 9799, providing that "every Federal reserve bank shall receive on deposit at par from member banks or from Federal reserve banks checks and drafts drawn upon any of its depositors," especially in view of the provision of section 19, as amended in 1917 (Comp. St. 1918, Comp. St. Ann. Supp., 1919, sec. 9801), that the reserve of member banks shall be an "actual net balance." (Pascagoula Nat. Bank v. Federal Reserve Bank of Atlanta et al., 3 Fed. Rep., 2d series, 465.) 146 REPORT OF THE COMPTROLLER OF THE CURRENCY Check received for collection not received on "deposit." (U. S. D. C. 1924.) A check received by bank only as agent and without assuming any liability except for its own negligence, and guaranty of prior indorsements, is received for collection and not on "deposit" in the common sense of the word, as in a general deposit the check becomes at once the bank's property who owes the depositor the face of the check or other agreed sum. (Ib.) "Net" and "actual" as applied to reserve defined. (XL S. D. C. 1924.) Within Federal reserve act, section 19, as amended in 1917 (Gomp. St. 1918, Comp. St. Ann. Supp. 1919, sec. 9801), providing that reserve of member banks must be an actual net balance, "net" means that all proper charges and deductions have been made from the account, and "actual" excludes what is merely fictitious or supposed. (Ib.) Reserve bank not chargeable with excnange on remittance from member bank in payment of check. (U. S. D. C. 1924.) The provision of Federal reserve act, section 13 (1), as amended in 1917 (Comp. St. 1918, Comp. St. Ann. Supp. 1919, sec. 9796), permitting banks to make reasonable charges for collection or payment of checks and drafts and remission thereof, but providing that "no such charges shall be made against the Federal reserve banks," is valid, and prohibits a member bank from cha/.-ging exchange on checks drawn on itself and received for payment and remission from a Federal reserve bank. (Ib.) Reserve bank may collect from member banks checks received from outside its district. (XL S. D. C. 1924.) Under Federal reserve act, section 13 (1), as amended in 1917 (Comp. St. 1918, Comp. St. Ann. Supp. 1919, sec. 9796), Federal reserve banks may collect for other Federal reserve banks checks and drafts drawn on its members or checks sent to it by a member bank of another district by the authority and for the account of reserve bank of that district. (Ib.) Constitutional law—Provision of Federal reserve act held not to deprive bank of property without due process of law. (XL S. D. C. 1924.) The Federal reserve act, in requiring a member bank to pay without deduction checks drawn on it when presented by its reserve bank, whether paid over its counter or by check on its own deposit elsewhere, does not compel such payment by check, and does not deprive it of any property or right without due process of law. (Ib.) Under agreement with collecting bank, its correspondents held agents of depositor. (U. S. D. C. 1925.) Where a check was deposited in a bank for collection and credit, subject to an agreement that "this bank acts only as collecting agent and assumes no liability on account of delay or loss while items are in transit or until it receives final actual payments from its correspondents," the correspondents through which it sends the check for collection are not its agents, but agents of the depositor, and any right of action against them for delay or default is in the depositor. (Capital Grain & Feed Co. v. Federal Reserve Bank of Atlanta, 3 Fed. Rep., 2d series, 614.) Duty of collecting bank primarily governed by local law and usage. (U. S. D. C. 1925.) The duty of a correspondent bank receiving a check for collection is primarily regulated by the law and the custom of banking at the place where it does business, but may be affected by special instructions given or agreements made. (Ib.) Collecting bank not negligent in forwarding check direct to drawee. (U. S. D. C. 1925.) Under Acts, Georgia, 1919, page 207, section 36, and Acts, Alabama, 1919, page 856, section 1, similar statutes providing that checks drawn on a bank in another city, within or without the State, may be sent for payment by the collecting bank direct to the drawee bank without incurring liability, provided it has used due diligence in other respects, a collecting bank located in either of those States is not chargeable with negligence for following such practice. (Ib.) REPORT OF THE COMPTROLLER OF THE CURRENCY 147 Special circumstances may require extra effort by collecting bank. (U. S. D. C. 1925.) If a collecting bank has knowledge that the drawee bank is in failing condition and liable at any time to suspend, due diligence may require that some extra effort at collection be made. (Ib.) Collecting bank accepting draft in payment takes the risk of its being paid. (V. S. D. C. 1925.) It is the general rule of law that a collecting bank, which accepts in payment of the check to be collected the draft of the drawee on another bank, takes the risk of the draft being paid. (Ib.) Payment—State law permitting banks to pay checks in exchange held unconstitutional. (IT. S. D. C. 1925.) Act, Alabama, September 30, 1920 (Acts, 1920, p. 36), providing that, when a check is presented or forwarded to the payee bank for payment through another bank or agency, it may at its option pay or remit the same in money or in exchange drawn on its reserve agent, is unconstitutional and void as an attempt by the State to make a class of debts payable at the option of the debtor in something other than gold or silver coin. (Ib.) Pleading—Judicial notice will not be taken of regulations of Federal Reserve Board. (U. S. D. C. 1925.) A regulation of the Federal Reserve Board is not such departmental action as will be judicially noticed without pleading. (Ib.) General indorsement carries title to paper. (U. S. D. C. 1925.) General indorsement for transmission of checks and county certificates of indebtedness carries title, and transmittee becomes owner. (Nyassa-Arcadia Drainage Dist. v. First National Bank of Vale et al., 3 Fed. Rep., 2d series, 648.) Paper indorsed "for collection" "for account/' etc., remains property of indorser. (U. S. D. C. 1925.) Checks and certificates of indebtedness indorsed "for collection," "for collection only," "for account," and for "collection and returns," remain property of indorser. (Ib.) Indorsement for "collection and returns" creates relation of principal and agent; indorsement "collection and credit" indicates relation of debtor and creditor. (U. S. D. C. 1925.) Draft transmitted for "collection and returns" creates relation of principal and agent, and within itself is not declaration of trust respecting funds involved, but indorsement for "collection and credit" indicates relation of debtor and creditor. (Ib.) Indorsement "for collection and credit I returns" held ambiguous, requiring extraneous proof. (U. S. D. C. 1925.) Indorsement of checks "for collection and credit/ returns" is ambiguous, but in view of further advice not to remit until actually paid, and a possible custom existing between banks concerned, ambiguity may be susceptible of satisfactory interpretation. (Ib.) Rule as to tracing misapplied funds stated. (U. S. D. C. 1925.) Where insolvent has misapplied funds intrusted to it, which have been impounded for distribution to insolvent's creditors, it is not necessary that such funds be actually identified to give owner priority over other creditors, but it is necessary only to show that such funds were commingled and went to swell impounded assets. (Ib.) Payment of certificates of indebtedness and checks sent to insolvent bank for collection by check on such bank held not to entitle owner to priority. (U. S. D. C. 1925.) Where certificates of indebtedness and checks sent to insolvent bank for collection were paid by checks on such bank, there was mere shifting of bank's liability, bank's funds not being increased or decreased thereby, and owner of such certificates and checks was not entitled to priority over other creditors. (Ib.) Owners of checks sent to insolvent bank for collection resulting in balance against bank held not entitled to priority. (U. S. D. C. 1925.) Checks sent to insolvent bank for collection, which after being cleared in usual way resulted in balance against insolvent bank in favor of drawee bank, did not increase funds of insolvent bank and did not entitle owners of checks to priority over other creditors. (Ib.) 148 REPORT OF THE COMPTROLLER OF THE CURRENCY Owners of checks sent to insolvent bank for collection resulting in increasing hank's assets held entitled to priority. (U. S. D. C. 1925.) Where checks sent to insolvent bank for collection, on being cleared, resulted in balance in bank's favor, which was paid by draft, and draft was credited to collecting bank by bank on which drawn, its funds were increased by amount of such balance, entitling owners of checks to priority over other creditors. (Ib.) Deposit of check presumed deposit for collection, in absence of special agreement. (Mont. Sup. 1924.) One depositing with bank check drawn on another is presumed to deposit it for collection, in absence of special agreement. (Jensen v. Laurel Meat Co., 230 Pac. Rep. 1081.) Title to check deposited for collection remains in depositor. (Mont. Sup. 1924.) Title to check deposited for collection remains in depositor, though depositor is given credit therefor and permitted to draw against it provisionally. (Ib.) Federal Reserve Bank, in accepting check for collection for payee, became latter's agent (Mont. Sup. 1924.) Federal Reserve Bank, in accepting check forwarded to it for collection by bank in which it was deposited by payee, became latter's agent. (Ib.) Mere delivery of check by debtor does not discharge debt to creditor. (Mont. Sup. 1924.) Mere delivery of check by debtor does n<5t dicharge debt since a check is only an order for money, the acceptance of which, in absence of any agreement to contrary, is conditional upon its payment. (Ib.) Federal Reserve Bank held not negligent in sending check directly to drawee bank for collection. (Mont. Sup. 1924.) Federal Reserve Bank, to which check was sent for collection, held not negligent in sending check directly to drawee bank for collection, in view of Revised Code 1921, section 6108. (Ib.) Forwarding check for payment in usual course of business held to constitute due diligence. (Mont. Sup. 1924.) A check was presented for payment with due diligence under express provisions of Revised Code 1921, section 6109, where it was forwarded for payment to drawee bank in usual course of business. (Ib.) Bills and notes—First due presentment of check for payment fixes rights and liabilities of parties. (Mont. Sup. 1924.) First due presentment, within Revised Code 1921, section 8468, of a check for payment fixes rights and liabilities of the parties. (Ib.) Holder of check permitting funds to remain in hands of drawee, or accepting drawee1 s draft on third bank, acts at his peril. (Mont. Sup. 1924.) Where drawee is ready, able, and willing to pay check when due presentment for payment is made, holder acts at his peril in permitting funds to remain in hands of drawee, or in accepting in lieu of money the drawee's draft on another bank. (Ib.) Act of Federal Reserve Bank in sending check direct to dravjee bank effected u due presentment for payment." (Mont. Sup. 1924.) Where check was sent to Federal Reserve Bank for collection, its act in sending check direct to drawee bank was a "due presentment" for payment within Revised Code, 1921, section 8468 (Uniform Negotiable Instruments Law, sec. 61). (Ib.) Drawer's liability held discharged. (Mont. Sup. 1924.) Where drawee bank, to which check had been forwarded for payment by Federal Reserve Bank, canceled the check, charged amount thereof to drawer's sufficient account, and delivered its draft on third bank to Federal Reserve Bank in payment of check, pursuant to custom sanctioned by latter bank, the check was paid so far as drawer was concerned, and the unauthorized crediting back of amount of cheek to drawer's account when drawee's draft was dishonored did not retract the payment. (Ib.) REPORT OF THE COMPTROLLER OF THE CURRENCY 149 Amount charged to drawer's account in payment of check received from collecting bank was held by drawee bank to credit of latter bank. (Mont. Sup. 1924.) Where drawee bank received check for payment from collecting bank, and charged check to drawer's account, drawee bank thereby reduced its indebtedness, under Revised Code, section 7701, to drawer, and amount was no longer subject to withdrawal by drawer, but was held by drawee bank to credit of collecting bank. (Ib.) Deposit of check for collection authorizes bank to employ subagents who become directly responsible to depositor. (Mont. Sup. 1924.) Deposit of check for collection authorizes bank to employ subagents who thereupon become agents of owner and directly responsible to him for their defaults, in view of Revised Code, 1921, section 6109. (Ib.) Generally, bank accepting check for collection becomes liable to owner on nonpayment of draft accepted in lieu of money. (Mont. Sup.. 1924.) Generally, bank accepting check for collection is authorized to receive money only and has no implied authority to receive draft instead, and, if it does so, it assumes risk that draft will be paid, and becomes liable to owner for amount of check. (Ib.) Collecting bank liable to payee when it accepted draft in payment. (Mont. Sup. 1924.) Collecting bank, in surrendering check to drawee bank; and accepting latter's draft in payment of check, made that draft its own, and on nonpayment became liable to payee. (Ib.) Payment—Payment of check operated to discharge indebtedness for which it was given. . (Mont. Sup. 1924.) Payment of check operated to discharge indebtedness for which it was given. (Ib.) Bank receiving check upon itself from correspondent agent to make presentation to itself. (Va. Sup. 1924.) When bank receives from its correspondent a check upon itself, it is an agent for its correspondent to make a presentation to itself. (Federal Reserve Bank of Richmond v. Peters et al., 123 S. E. Rep. 379.) Proceeds of check cashed for correspondent bank held trust funds. (Va. Sup. 1924.) Where remittance method was used by two banks when one bank cashed check drawn upon itself for its correspondent, proceeds were impressed with a trust, and relation of debtor and creditor did not arise, though bank retained actual cash and sent draft to correspondent bank upon deposit in another bank. (Ib.) Principal and agent—Authority to do specific thing authorizes doing whatever necessary to accomplish. (Va. Sup. 1924.) An authority to do a specific thing authorizes by implication doing of whatever is necessary to accomplish thing authorized, but not doing of another and separate thing. (Ib.) Trusts—Mingling of trust fund with general fund does not destroy trust. (Va. Sup. 1924.) Where bank holds money in trust for an other bank, mingling of trust fund with general fund does not destroy trust, but serves to extend trust or lien to whole mass of money. (Ib) Equity—Equity regards that as done which ought to have been. done. (Va. Sup. 1924.) Equity regards that as done which ought to have been done. (Ib) Assignme?its—Equity—Draft on bank held equitable assignment of fwids. (Va. Sup. 1924.) Where collecting and paying bank remitted to other bank by draft on third bank, such draft was an equitable assignment of funds in latter bank on theory that equity regards that as done which ought to have been done. (Ib.) 150 REPORT OF THE COMPTROLLER OF THE CURRENCY In determining whether failed bank debtor or trustee, court may look to intention. (Va. Sup. 1924.) In determining whether or not failed bank is debtor or trustee of correspondent bank for whom it has collected from itself a check, court may well look to intention of parties, and if forwarding bank intends to leave money in hands of collecting bank to be used in usual course of business it accepts bank as debtor, but, if it demands that proceeds of checks be immediately returned to it, collecting bank merely becomes trustee. (Ib.) DEPOSITS GENERAL DEPOSITS Courts—Whether banks are chargeable with interest on checking accounts paid to depositor after service of trustee process is determined by local law. (U. S. D. C. 1925.) Whether banks served with trustee process are chargeable with interest on checking account paid to depositor after service of writ must be determined, if possible, by local law. (United States Shipping Board Emergency Fleet Corporation v. Atlantic Corporation, 5 Fed. Rep., 2d series, 529.) Title to money in general deposit in commercial bank passes to bank, and bank's contract is to honor depositor's checks. (U. S. D. C. 1925.) Title to money deposited in general deposit in commercial bank passes to bank, and relation of debtor and creditor is created; bank's contract being to honor depositor's checks so long as it has sufficient funds to do so. (Ib.) Special deposit subject to depositor's check remains property of depositor. (U. S. D. C. 1925.) Fund, deposited in bank for special purpose subject* to depositor's check, remains property of depositor. (Ib.) Garnishment—Bank served with trustee process held not liable for interest on checking account subsequently paid to depositors; " absolutely and without any contingency." (U. S. D. C. 1925.) Where interest was paid on daily balances of checking accounts at rates subject to modification or termination a t any time by bank, and dependent on whether depositor was borrower, interest was not part of original debt nor due "absolutely and without any contingency," within General Laws, Massachusetts, chapter 246, section 32, and bank was not liable for interest paid to depositor after service of trustee process. (Ib.) • DEPOSITS—WHEN DEPOSITOR BECOMES BANKRUPT Evidence held to show bankrupt's deposit in bank general, and not special deposit to protect particular investors. (IT. S. C. C. A. 1925.) Evidence held to show that money deposited in bank by bankrupt when insolvent was general deposit, and not special deposit to protect particular investors. (Cunningham v. Merchants' National Bank of Manchester, N. H. In re Ponzi, 4 Fed. Rep., 2d series, 25.) Understanding depositor should keep deposit sufficient to satisfy claims of local investors held not to prevent deposit from being general. (IT. S. C. C. A. 1925.) Understanding between bank and depositor that depositor should keep deposit in bank sufficient to satisfy claims of local investor held not to prevent deposit from being general deposit, subject to check. (Ib.) That bank suspected depositor's business not legitimate held not to show it knew of his insolvency. (IT. S. C. C. A. 1925.) That bank had suspicion, or that its officer realized, that bankrupt depositor's business was not legitimate, was insufficient to show that bank knew depositor was insolvent. (Ib.) Duty of bank to inquire into depositor's financial condition before closing his account and holding deposits for future bankruptcy trustee. (IT. S. C. C. A. 1925.) I t would be duty of bank to inquire very carefully into financial condition of depositor before closing his account and holding deposits for future bankruptcy trustee, even if bank had right to take such action. (Ib.) REPORT OF THE COMPTROLLER OF THE CURRENCY 151 Bank can not question legitimacy of depositor's disbursements. (U. S. C. C. A. 1925.) Under ordinary circumstances it is duty of bank receiving money on deposit to pay it out on depositor's order, and it can not question legitimacy of his disbursements. (Ib.) Bank may decline to pay check exceeding amount deposited. (U. S. C. C. A. 1925.) Where there are not sufficient funds to pay check, bank may legally decline to pay what it has on deposit as partial payment of check. (Ib.) Banks under no legal duty to warn investing public as to financial condition of depositors. (U. S. C. C. A. 1925.) Banks are under no legal duty to warn investing public as to financial condition of their depositors. (Ib.) Persons securing unlawful preference and bank aiding therein held not guilty of hindering, delaying, or defrauding creditors. (U. S. C. C. A. 1925.) That persons in whose favor bank paid bankrupt's checks and vouchers obtained unlawful preference would not necessarily show that such persons and bank hindered, delayed, or defrauded creditors, within bankruptcy act, section 67e (Comp. St., sec. 9651), or render bank liable, since bank received no money or benefit from bankrupt. (Ib.) Bankrupt's creditors not guilty of securing fraudulent preference, without distinct, intent so to do. (U. S. C. C. A. 1925.) Bankrupt's creditors are not guilty of securing fraudulent preference, without distinct intent so to do. (Ib.) Bankrupt's deposit in bank not fraud on creditors; "fraudulent transfer." (U. S. C. C. A. 1925.) Bankrupt's deposit in bank of money to his own credit is not "fraudulent transfer" of property as against creditors, in violation of bankruptcy act, section 67e (Comp. St., sec. 9651). (Ib.) In absence of fraud or collusion by bank in paying bankrupt's checks and vouchers while he was insolvent, bank not liable. (U. S. C. C. A. 1925.) Where there wras no fraud or collusion by bank in paying bankrupt's checks and vouchers while he was insolvent, to investors from whom money had been obtained by bankrupt's fraud, bank was not liable to trustee in bankruptcy, under bankruptcy act, section 67e (Comp. St., sec. 9651). (Ib.) Bank not liable, as participating in fraudulent transfer of bankrupt's deposit to defrauded investors, without actual fraud. (U. S. C. C. A. 1925.) Bank, in absence of actual fraud, would not be liable for paying bankrupt depositor's checks and vouchers to defrauded investors, even though bankrupt thereby made transfer, in violation of bankruptcy act, section 67e (Comp. St., sec. 9651). (Ib.) Appeal and error—Findings in equity case should not be disturbed, unless clearly wrong. (U. S. C. C. A. 1925.) Trial court's findings in equity case should not be disturbed, unless clearly wrong. (Ib.) Check protested because in excess of deposit held not revocation of depositor's order to pay vouchers. (U. S. C. C. A. 1925.) Drawing of check, which was protested because for sum greater than deposit, did not in itself revoke bank's authority t@ pay smaller checks afterwards presented, or depositor's order to bank t@ pay certain vouchers, so long as there were funds in depositor's account sufficient to pay them. (Ib.) Bankruptcy act does not authorize recognition of fraud not denounced therein, nor impose penalties on persons who received no benefits. (U. S. C. C. A. 1925.) Bankruptcy act (Comp. St., sees. 9585-9656) does not authorize recognition of any fraud not distinctly denounced* therein, nor does it impose penalties on persons who have received n© benefits from bankrupt's transfers of property. (Ib.) 67746°—261 11 152 REPORT OF THE COMPTROLLER OF THE CURRENCY Trusts—Depleted trust funds mingled with other moneys can not be treated as reap" pearing in sums subsequently, deposited. (XL S. C. O. A. 1925.) Where one has deposited trust funds in his individual ba,nk account and mingled fund is at any time wholly depleted, trust fund is thereby dissipated and can not be treated as reappearing in sums subsequently deposited to credit of same account. (In re Ruskav et al. Petition of Crellin, 5 Fed, Rep., 2d series, 143.) Bankruptcy—Whether bankrupts7 bank balance should include checks deposited after banking hours on that day held question of law reviewable by petition to revise. (U. S. C. C. A. 1925.) Whether bankrupts' deposit, in their bank account after banking hours, of checks received from claimant for purchase of stock, should be included in balance of their account for that day for purpose of determining whether fund was depleted, was question of law re viewable by petition to revise. (Ib.) "Deposit slip" defined. (U. S. C. C. A. 1925.) "Deposit slip" is acknowledgment that amount named therein has been received by bank; it is receipt intended to furnish evidence as between depositor and depositary that on given date there was deposited sum named therein, time of deposit, and amount deposited. (Ib.) Issuance of deposit slip admits relation of debtor and creditor for amount stated therein. (U. S. C. C. A. 1925.) Issuance of deposit slip is admission by bank that relation of debtor and creditor has been created as "to amount stated therein, and creation of that relationship does not depend on whether bank's agent, whose duty it is to do so, thereafter enters deposit in depositor's account, but rights of parties must be determined by real state of accounts. (Ib.) Bank clerk whose duty it is to enter deposits is agent of bank, and not of depositor. (U. S. C. C. A. 1925.) Bank clerk whose duty it is to enter deposits is agent of bank, and not of depositor. (Ib.) Mule that banks close at 8 o'clock does n&k prevent receipt or payment of money after that hour, nor affect legal relations of parties. (U. S. C. C. A. 1925.) Rule that banks close at 3 o'clock is merely regulation for convenience of bank, and does not prevent receipt or payment of money after that hour, nor affect legal relations of parties if money is received or paid out, though transaction does not appear on books of bank until subsequent day. (Ib.) Crediting of checks indicates that bank receives checks deposited as cash. (U. S. C. C. A. 1925.) Intention of parties as to effect of deposit controls, and presentation of deposit slip with cash and checks for deposit in general account, and crediting thereof to depositor's account, indicates intention of parties that bank receives checks as cash, in absence of contrary recital. (Ib.) In New York, deposit of checks or drafts in ordinary course transfers title and creates relation of debtor and creditor. (U. S. C. C. A. 1925.) In New York, deposit in ordinary course of business of money, or drafts, or checks received and credited as money, vests title thereto in bank and creates relation of debtor and creditor. (Ib.) Burden is not on depositor to show when bank entered deposits on its books. (U. S. C. C. A. 1925.) Burden is not on depositor to show when bank entered deposit on its books, since it is receipt of deposit, and not time of its entry, which binds bank. (Ib.) ' In construing deposit sli2>s, court may consider practical interpretation given thereto by parties. (U. S. C. C. A. 1925.) In construing deposit slips, court may consider practical interpretation given thereto by parties before any controversy arose. (Ib.) EEPOKT 0 1 THE GOMPTROLIiEK 03? THE GXJRSMKCX Bank's entry of deposit and depositor's withdrawals held to show thai cJiecks were received as cash. (U.S. C. G. A. 1925.) Bank's entry of deposit of checks, made after banking; hours, and depositor's checking out amount in excess of his credit balance if deposit had not been counted as cash, held to show that parties regarded deposit as cash. (Ib.) Bankruptcy—Title to claimant's checks deposited by bankrupts after banking hours vested in bank on day of receipt of checks. (U. S. C. C. A. 1925.) Where bankrupt, after banking hours, deposited checks received from claimant for stock to be purchased for claimant, held, in tracing fund on bankrupts' failure to carry out their fiduciary obligation to purchase stock, that title to checks vested in bank on date of deposit, and not on following day when checks were entered. (Ib.) SPECIAL DEPOSITS Bond securing deposit of bankrupt estates held "security for specific fund," within bank deposit guaranty statute; "specific"; "generic." (U. S. D. C. 1924.) Undertaking conditioned that bank designated as depository for bankrupt estates shall account for such funds held specific security, making deposit ineligible to participate in guaranty fund, under Laws Washington, 1917, page 308, section 1 (Rem. Comp. S-tat. 1922, Sec. 3293); words "specific" and "generic" being relative, "generic" having reference to class of related things, and "specific" being limited to particular, definite, or precise thing. (Republic Casualty Co. et al. v. Scandinavian-American. Bank et al., 2 Fed. Rep., 2d series, 113..) Whether bank exercised due care in caring for bonds left with it jury question. (Iowa Sup. 1924.) Whether bank, as bailee of Government bonds left with it by purchaser, exercised due care legally required of it, held a jury question, to be determined under proper instructions. (Kubli v. First Nat. Bank of Pleasantville, 200 N. W. Rep* 434.) Care required as gratuitous bailee of Government bonds. (Iowa Sup. 1924.) Bank is not insurer of Government bonds left with it as gratuitous bailee, but is required to exercise that care which business men of prudence would exercise in keeping property of like value under similar circumstances. (Ib.) Motive or intent immaterial as respects duty of bank caring for bonds left with it. (Iowa Sup. 1924.) In determining care to be exercised by bank with which Government bonds have been left, there is no question of good or bad faith on part of bailee, and motive or intent is not essential ingredient, nor is care to be exercised measured by care which bank used in respect to its own property of like kind under like circumstances. (Ib.) Bank held gratuitous bailee of Government bonds. (Iowa Sup. 1924.) Bank, caring for Government bonds after purchaser had paid therefor, held gratuitous bailee, in absence of showing of direct or indirect benefit to it. (Ib.) Bank, as gratuitous bailee of Government bonds, liable only for want of ordinary care. (Iowa Sup. 1924.) Bank, as gratuitous bailee of Government bonds, was liable only 5 for want of ordinary care, and mere failure to return bonds on demand would not constitute conversion, where they were lost without its fault. (Ib.) Bailment—Degrees, of negligence and care not applied. (Iowa Sup, 1924.) Division of "slight, ordinary, and great care," with corresponding degrees of negligence, "slight, ordinary, and gross," no longer find application in definition of bailments as classified under common law. (Ib.) 154 REPORT OF THE COMPTROLLER OF THE CURRENCY Trial—Instruction as to care as gratuitous bailee of bonds held erroneous, and not cured by another. (Iowa Sup. 1924.) Instruction that whether bank was negligent in care of bonds gratuitously cared for might be determined and measured by care it took of its own property or that of its officers of like kind and value held erroneous, where evidence disclosed that like property belonging to bank and its officers was kept in same receptacle and was stolen at same time, and not cured by instruction as to matters to be considered. (Ib.) Bank not insurer of securities left in its care without compensation. (N. J. Sup. 1925.) Bank is not insurer of securities left in its care without compensation, being liable only for negligence. (Holmes v. First Nat. Bank of Wrightstown, 128 Atl. Rep. 150.) Bank not liable for bonds left for safekeeping and stolen by cashier, unless negligent. (N. J. Sup. 1925.) Where bonds were deposited with bank for safekeeping and stolen by cashier, without knowledge of bank or board of directors, bank held not liable, unless negligent in employment or retention of cashier. (Ib.). Securities in safety deposit box held by bank as bailee and not as trustee. (Pa. Sup. 1924.) Securities stolen from safety deposit box and converted into money by cashier and placed to bank's credit were not held by bank as trustee for owners, within the rule that beneficiary unable to trace funds is not entitled to prefererence over trustee's general creditors, but bank was merely a bailee. (In re Conneautville Bank's Assigned Estate, 124 Atl. Rep. 745.) Owners of securities stolen by cashier from safety deposit box held entitled to fund realized as against bank's assignee for benefit of creditors. (Pa. Sup. 1924.) Where securities were stolen from safety deposit box and converted into money by cashier, owners were entitled to amount realized from sale on deposit to bank's credit as part of larger sum in other bank, as against bank's assignee for benefit of creditors, and were not required to share pro rata with general creditors on failure to follow funds. (Ib.) Proceeds of sale of securities stolen by cashier from safety deposit box held sufficiently earmarked. (Pa. Sup. 1924.) Where securities were stolen from safety deposit box and converted into money by cashier and proceeds were deposited as a part of a larger sum on deposit in other bank to credit of cashier's bank, the funds were sufficiently earmarked to entitle owners thereto as against bank's general creditors upon insolvency. (Ib.) ESCHEAT OF BANK DEPOSITS TO STATE Savings deposits, intangible property. (U. S. Sup. 1923.) Savings deposits, in a State banking corporation having its place of business within the State of its creation, are intangible property subject, like tangible property, to the dominion of the State. (Security Savings Bank v. State of California, 263 U. S. R. 282.) Escheat of unclaimed deposit in State bank not violation of the Federal Constitution. (U. S. Sup. 1923.) A State law requiring a bank, through appropriate procedure, to pay over such deposits, when long unclaimed, to the State as depositary or by way of escheat, violates no right of the bank under the contract clause of the Constitution or the due process clause of the fourteenth amendment, since the bank's contracts with the depositors merely give it the use of the money until called for by proper authority, and payment to the State in obedience to a valid law discharges its obligation to them. (Ib.) Essentials of jurisdiction in a proceeding to effect escheat of unclaimed deposit. (U. S. Sup. 1923.) The two essentials of jurisdiction in a proceeding by the State to effect an escheat of such unclaimed deposits, in order that the depositors may be bound and the bank protected, are seizure of the res at the beginning of the suit and reasonable notice and opportunity to be heard accorded the depositors. (Ib.) REPORT OF THE COMPTROLLER OF THE CURRENCY 155 California law; service of summons. (U. S. Sup. 1923.) Under the California statutes here involved, seizure of the res is accomplished by personal service on the bank, in a suit brought by the Attorney General in Sacramento County, and due notice is given the depositors by publication in that county of a summons, with a notice, also, to all other persons to appear and show cause why the money should not be deposited with the State treasurer. (Ib.) Impossibility of personal service on depositors. (U. S. Sup. 1923.) Proof by affidavit that personal service on depositors is impossible or impracticable is not a constitutional prerequisite to service by publication in such an escheat proceeding, where the depositors impleaded are only those who are not known to the bank officials to be alive, whose accounts have not been added to or drawn upon for twenty years, and who have not filed with the bank, within that time, any notice or claim giving their then residences. (Ib.) Publication of summons in particular county. (U. S. Sup. 1923.) In view of other statutes requiring sayings banks in California to publish at their several locations annual notices of deposits not added to or drawn upon during the preceding ten years, with the name, last known residence and other particulars concerning the depositor, this court can not say that the escheat statute, in providing for publication of summons in escheat proceedings in Sacramento County only, was unreasonable. 186 Cal. 419, affirmed. (Ib.) ACTIONS BY DEPOSITORS Trading with the enemy act; claims against seized property; suit against United States. (U. S. Sup. 1924.) A suit in equity brought under section 9 of the trading with the enemy act, against the Alien Property Custodian, the Treasurer of the United States, and a foreign corporation, to establish a debt of the corporation to the plaintiff, as a claim against its property seized under the act and held by the Custodian and the Treasurer, is in effect a suit against the United States, and can therefore be maintained only under the conditions laid down in the act. (Banco Mexicano De Commercio E Industria et al. v. Deutsche Bank; Miller, Alien Property Custodian, et al. 263 U. S. R. 591.) il Debt arising with reference to property held." (U. S. Sup. 1924.) Where money was lent by liquidators of a Mexican bank, at New York, to a German bank, and deposited by the borrower to its general credit with a trust company in that city, and, after the outbreak of the late war, before the loan fell due, the deposit with other assets of the borrower was taken over by the Alien Property Custodian, heldy that suit to collect the loan could not be maintained by the Mexican bank under the above statute, since the debt was not one that " arose with reference to the money or other property held," (Ib.) Attachment under State law. (U. S. Sup. 1924.) The fact that, under the law of New York, the debt, when due, might have been collected by attachment of the property, had this not been seized under the statute, did not alter the case. (Ib.) Construction—Legislative history. (U. S. Sup. 1924.) Legislative history of this statute, including remarks of a Congressman explaining the bill, held not to determine its construction. 289 Fed. Rep. 924, affirmed. (Ib.) 156 REPORT OF THE COMPTBQLLEB OF THE Bank's certificate held representation that it had on deposit mortgage indebtedness* described in loan company's certificate; "said." (U. Sv Cv C A. 1925.) Where loan company issued "certificate of ownership in fk'st mortgage indebtedness,;" reciting: that it was owner, as agent, for holder of such certificate, of first mortgage indebtedness in certain sum,, secured by deed of trust on described property, and that "said mortgage note and securities" had been deposited with named bank for benefit of holders of certificates, bank's certificate, following loan company's certificate, as part of same document, that it had "said: securities" 01. deposit "as herein provided," held representation that it had on deposit first mortgage: indebtedness secured by deed of trust,, referred to in loan company's ceirtifieate on, the property described therein, since the word '' said'' retes: to something that has been mentioned above in the -document. (Greeley Nat. Bank v. Wolf, 4 Fed. Rep,, 2d series, 67.) Bank, being sued for deceit, could not invoke doctrine of ultra vires. (U. S. C. C. A. 1925.) In action against bank for deceit, inducing plaintiff to purchase certificate of ownership in mortgage indebtedness,, the bank could not invoke the doctrine of ultra vires as a defense; such doctrine being inapplicable to a corporation's torts. (Ib.) Fraud—"Negligence" and "fraud" distingtiished. (U. S. C C. A.. 1925.) Negligence and fraud are not identical, either in their nature or effect, since "negligence" is the absence of proper attention to duty while "fraud" is always a positive and willful device, resorted to with intent to in some manner injure another, in which the mind concurs with the act. (Ib.) Bank, which aided loan company to sell certificate of ownership in mortgage indebtedness by false representation, liable for damages, regardless of whether it vjas a trustee or a gratuitous bailee, (U. S. C. C. A. 1925.) Bank, which aided loan company to sell certificate of ownership in first mortgage indebtedness by false representation that it held on deposit deed of trust securing indebtedness, held liable for damages in action for deceit by purchaser of certificate, regardless of whether it was a trustee or gratuitous bailee. (Ib.) LIMITATION OF ACTIONS Until demand for balance of American's deposit in Austrian bank, balance not due and payable. (U. S. D. C. 1924.) Until demand for payment of balance of American's deposit: in Austrian bank, balance was not due and payable, (Zimmermann et al. v.. Miller^ Alien Property Custodian et al., 2 Fed* Rep., 2d series, 629.) War-—During1 World War and until July 14, 1919, American depositor could not lawfully demand payment of* deposit in Austrian bank, except on Alien Property Custodian to fix maturity- date. (U. S. D. C. 1924.) During World War and thereafter to July 14, 1919, when trade relations between United States and Austria were resumed, American depositor could not lawfully make demand for payment of deposit in Austrian bank, even if bank had agent in United States, and though bank during war continued to make payments on depositor's outstanding orders, but depositor could mature deposit by making demand on Alien Property Custodian under trading with emeny act, section 8 (Comp. St. 1918, Comp. St. Ann. Supp. 1919, sec. Zll&nd&h (Ib.) Wax—Fall in rate @f Austrian exchange at risk of American depositors failing to demand payment from Alien Property Custodian. (U. S. D. C. 1924.) Where American depositors in Austrian bank failed to demand payment of deposit from Alien Property Custodian under trading with enemy act. Section 8 (Comp. St. ¥918, Comp. St. Ann. Supp. 1919, sec. 3115J^dd), during period of World War, fail in rate of Austrian exchange was at their own risk. (Ib.) REPORT OF THE COMPTROLLER OF THE CURRENCY 157 War—Cable to Austrian bank, though lacking requirement of legal demand, held sufficient to fix maturity date of depositor's account. (U. S. D. C. 1924.) Cable by American depositor to Austrian bank requesting bank's consent to payment of balance of deposit account out of bank's funds in hands of Alien Property Custodian to obviate lawsuit, though lacking some requirements of legal demand, apprised bank that depositor wanted money and fixed date as of which account should be settled. (Ib.) War—Austrian bank's deposit of balance of American's account-with Austrian court held not to discharge it of further liability and risk of decline in Austrian currency. (U. S. D. C. 1924.) American depositor's remedy under trading with enemy act (Comp. St. 1918, Comp. St. Ann. Supp. 1919, sec. 3115-^a3115^j) can not be frustrated by Austrian bank's deposit of balance of his account with Austrian court under Austrian law, and did not discharge its obligation, and cast risk of further decline of Austrian currency on depositor, whose previous demand for payment had been refused. (Ib.) Bank receiving deposit impliedly agreed to repay same on demand. (Vt. Sup. 1924.) Defendant bank in receiving deposit by plaintiff's ward impliedly agreed to repay same on demand. (Holman v. Randolph Nat. Bank, Randolph Nat. Bank v. Holman, 126 Atl. Rep. 500.) Demand for repayment of deposit held integral and essential part of contract of deposit. (Vt. Sup. 1924.) Where bank in receiving deposit agreed to repay same on demand, demand for repayment was an integral and essential part of contract. (Ib.) Limitation of actions—Statute of limitations held not to begin to run against action for deposit until demand therefor was refused. (Vt. Sup. 1924.) Where bank received deposit and agreed to repay same on demand, statute of limitations did not begin to run against right to recover money deposited until pavment was demanded by depositor and refused by bank. (Ib.) Facts held not to support defense of estoppel in action against bank to recover money deposited 82 years prior to action. (Vt. Sup. 1924.) In action by guardian to recover deposit of ward made in defendant bank 32 years previous, facts pleaded held not to support defense of estoppel. (Ib.) Some of incidental powers of national bank stated. (Vt. Sup. 1924.) Discounting and negotiating promissory notes, drafts, bills of exchange, and other evidences of debt, buying and selling exchange, loaning money, etc., and receiving of money of others on general deposit, are among the incidental powers of a national bank in carrying on its business. (Ib.) EXCHANGE Bank's letter of credit held to define its liability and render erroneous consideration of contract aside from it. (TJ. S. C. C. A. 1924.) In action by foreign bank on draft drawn in its favor by foreign consignor of goods against American bank which had issued an irrevocable letter of credit to consignee, based on defendant's refusal to honor the draft, held, the letter of credit limited the undertaking and obligations of defendant, and contract between consignor and consignee was improperly admitted, (Bank of Taiwan, Limited, v. Union Nat. Bank of Philadelphia, 1 Fed. Rep., 2d series, 65.) Grounding refusal to pay draft on particular ground constitutes waiver of all others, (II. S. C. C. A. 1924.) Bank, grounding its refusal to pay draft drawn under letter of credit on one ground, must be held to have waived all others. (Ib.) 158 REPORT OF THE COMPTROLLER OF THE CURRENCY Defense that 'plaintiff is not bona fide holder not available in action on draft, where nonpayment was grounded on another theory. (TJ. S. C. C. A. 1924.) Where a bank, having issued a letter of credit to a consignee which required draft to be accompanied by bills of lading dated during September or October, 1920, refused payment of a draft on sole ground that shipment had not been made as required, it can not subsequently defend on ground that plaintiff was not bona fide holder for value of the draft. (Ib.) That actual transportation not commenced as indicated by bill of lading accompanying draft is not good defense unless holder knew thereof. (U. S. C. C. A. 1924.) A bank, having issued a letter of credit to a consignee of goods which required drafts to be accompanied by bills of lading dated during September or October, 1920, may not refuse payment on ground that bill of lading, dated October 30, 1920, did not truthfully represent date of beginning of actual transportation, unless plaintiff, holder of draft, knew such fact when it acquired it. (Ib.) Letter of credit held complied with as to ubill of lading" "shipment." (U. S. C. C. A. 1924.) Letter of credit, requiring drafts to be accompanied by bills of lading "dated during September or October, 1920, * * * for shipment to P.," was complied with, if goods were delivered to transportation company for transportation on October 30, when bills of lading were dated, though vessel did not clear on that date, as "shipment" does, not mean clearance, and "bill of lading" is acknowledgment of receipt of goods for carriage on terms stated. (Ib.) Question of negligence held for jury. (U. S. C. C. A. 1925.) Whether defendant bank was negligent in failing to obtain possession of gold coin, shipped to a third party, subject to defendant's orders for sale by defendant and placing of proceeds to plaintiff's credit, during a period of 14 days and before the failure of the third party and the loss of the coin, held, under that evidence, a question for the jury. (First Nat. Bank, Del Rio, Tex., v. Compania Occidental De Almacenaje, S. A., 4 Fed. Rep., 2d series, 109.) Contracts—Name given by parties to their contract does not determine its legal effect. (U. S. C. G. A. 1925.) The legal effect of what men do is not determined by the names they affix to their deeds, but the essential nature of their acts determines, and the law has its own names for the results they achieve. (Pan-American Bank & Trust Co. et al. v. National City Bank of New York, 6 Fed. Rep., 2d series, 762.) Guaranty—Agreement by one bank to reimburse another for the amount paid out on a letter of credit issued on request of promisor held not a "guaranty." (U. S. C. C. A. 1925.) A contract between two banks, made by correspondence, held, not one of guaranty, though that term was used, but an agreement by one to reimburse the other for the amount paid out on a letter of credit issued at the promisor's request. (Ib.) Bank which procured issuance of letter of credit by another held bound to reimburse the latter for the amount paid out thereon. (U. S. C. C. A. 1925.) Where defendant bank, wishing to issue a letter of credit to a customer, available to a shipper in Brazil, but, being unknown there, procured its issuance by plaintiff bank, which had a branch in Brazil, it was bound to reimburse plaintiff for the amount paid out thereon, which amount was recoverable in assumpsit. (Ib.) Agreement to reimburse another bank for amount paid out on a letter of credit issued at its request held not ultra vires. (U. S. C. C. A. 1925.) Such transaction was in legal effect the issuance of the letter of credit by defendant itself, which was clearly within its powers, and its agreement to reimburse plaintiff was not ultra vires. (Ib.) Bills and notes—"Negotiation" of instrument defined. (U*. S. C. C. A. 1925.) An instrument is "negotiated" when it is transferred from one person to another in such manner as to constitute the transferee the holder thereof. (Ib.) EEFOKT OF THE COMPTROLLER OF THE CURRENCY 159 In business transactions between a national bank and its foreign branch, they deal as separate entities. (U. S. C. C. A. 1925.) A national bank and its foreign branch, organized underact December 23,1913, section 25 (Comp. St., sec. 9745), are separate entities as relates to business transactions between them, and a branch bank, which negotiates a draft drawn against a letter of credit issued by the parent bank, becomes the legal holder thereof, and their respective rights in relation thereto are governed by the same rules as between unrelated banks. (Ib.) Insurance policies required to be attached to drafts drawn against a letter of credit may be in foreign money. (U. S. C. C. A. 1925.) The fact that a letter of credit is in dollars does not necessarily require that policies of insurance required to be attached to drafts drawn against it must also be in dollars. (Ib.) Conditions of letter of credit; laws and usages of place of use may be followed. (U. S. C. C. A. 1925.) Where, at the request of defendant bank, plaintiff bank issued a letter of credit against which drafts were to be drawn by a shipper in Brazil, in the absence of any requirement otherwise, it was permissible for plaintiff to. accept documents required to be attached to the drafts which complied with Brazilian law and usage. (Ib.) Letter of credit held irrevocable without seller's consent, (U. S. C. C. A. 1925.) Letter of credit, after notice to the person for whose use it was issued, held irrevocable without his consent. (Ib.) International law—Possibility of acts and decrees of unrecognized de facto government being valid if justice or public policy demand. (N. Y. App. 1924.) While unrecognized government may be viewed juridically as no government, if power withholding recognition so chooses, government de facto, though formally unrecognized because deemed unworthy of place in society of nations, may possibly gain quasi'governmental validity for its acts and decrees, if violence to fundamental principles of justice or public policy might otherwise be done. (Sokoloff v. National City Bank of New York, 145 N. E. Rep. 917; 239 N. Y. 158.) Liability of bank for amount deposited in Russian branch held not affected by acts of Russian Government. (N. Y. App. 1924.) Liability of national bank, under executory contract to repay Russian rubles as demanded in amount paid it with which to open account in Russian branch bank, held unaffected by decrees of Russian Government nationalizing banks and confiscating deposits as revolutionary tax. (Ib.) Liability to repay amount deposited in Russian branch bank held not defeated by implied condition. (N. Y. App. 1924.). National bank's liability to repay amount paid it with which to open account in Russian branch upon its failure to carry out contract to pay in rubles on demand held not defeated by implied condition that latter's business would be permitted to continue by Russian Government: consideration failing to extent that performance was frustrated. (Ib.) Undisclosed intent that performance of agreement with depositor should be governed by decrees of Russian Government no defense to action for restitution. (N. Y. App. 1924.) Undisclosed intent by parties to contract for deposit in bank's Russian branch that performance should be governed by laws of Russia, and orders or decrees of any government thereof, held insufficient to exempt bank from liability to make restitution on Russian Government's nationalization of banks and confiscation of deposits, in absence of agreement varying parties' obligations; especially as such decrees did not regulate, but thwarted, performance. (Ib.) Measure of recovery from bank refusing to pay rubles in amount paid it for deposit in Russian branch stated. (N. Y. App. 1924.) Measure of recovery on theory of rescission, with right to restitution of amount paid bank under contract to repay Russian rubles in amount of deposit in Russian branch, is amount paid, for which no equivalent has been received, and, on theory of breach of contract by refusal to pay, is value of rubles, but doctrine of frustration is inapplicable in either case, where plaintiff makes no claim for profits. (Ib.) 160 KEPORT OF THE COMPTEOLLER OF THE CURRENCY Bank's uxe of money regarded as equivalent of benefit to depositor. (N. Y. App. 1924.) On bank's refusal to pay in Russian rubles amount paid it for deposit in Russian branch as agreed, where interest is not demanded for any period before date of dishonoring depositor's drafts, its use of money paid without interest must be regarded as full equivalent of any benefit to depositor from enjoyment of banking facilities while accountwas running. (Ib.) FEDERAL RESERVE BANKS JURISDICTION OF SUITS BROUGHT BY FEDERAL RESERVE BANKS Action brought on promissory note by Federal reserve bank one arising under the laws of the United States. (U. S. Sup. 1925.) An action brought on a promissory note by a Federal reserve bank, a Federal corporation, is an action "arising under the laws of the United States" within the meaning of Judicial Code section 24, " First" (a). (Sowell v. Federal Reserve Bank of Dallas, Tex., 268 U. S. R. 449.) Federal reserve bank not a national bank. (U. S. Sup. 1925.) A Federal reserve bank is not a national bank, subject to the provisions of Judicial Code section 24 "Sixteenth." (Ib.) Assignee clause does not apply where action arises under the laws of the United States. (U. S. Sup. 1925.) The assignee clause, Judicial Code section 24, "First" (a), which forbids the district court to take cognizance of an action on a chose in action by an assignee which could not have been prosecuted in that court if no assignment had been made, applies where the sole ground of jurisdiction is diversity of citizenship, but not where the ground is that the action arises under the laws of the United States. (Ib.) STATE BANKS AS MEMBERS Trust company held to have power to invest in stock of Federal reserve bank as personal security. (U. S. C. C. A. 1924.) Under Burns' Annotated Statutes, Indiana, 1914, section 4953, authorizing trust companies to invest in "personal securities," such a company held to have power to purchase stock of a Federal reserve bank. (Hiatt v. United States, 4 Fed. Rep., 2d series, 374.) Power of trust company to become a member of the Federal reserve system, can not be questioned collaterally. (U. S. C. C. A. 1924.) The action of a trust company in becoming a member of the Federal reserve system, though it might have been questioned by the State of its incorporation, was not such an ultra vires act as made the tranaction void, so that it can be questioned collaterally, and its affiliation was validated by a legislative act expressly extending the power to such companies. (Ib.) Evidence—Federal court will take judicial notice of Federal reserve banks. (U. S. C. C. A. 1924.) A Federal court will take judicial notice of the existence, due incorporation, and functions of a Federal reserve bank. (Ib.) Making false entry in report of member bank to Federal reserve bank with intent to deceive an officer of the latter is an offense. (U. S. C. C. A. 1924.) Under Revised Statutes, section 5209, as amended September 26,1918 (Comp. St. Ann. Supp., 1919, sec. 9772), the making of a false entry by an officer of a member bank in a report to the Federal reserve bank, with intent to deceive any officer of the latter, is an offense. (Ib.) Provision of Federal reserve act permitting State banks to become members of Federal reserve system held constitutional. (U. S. C. C. A. 1924.) The provision of Federal reserve act, section 9 (Comp. St. sec. 9792), permitting State banks to become members of the Federal reserve system, is within the powers of Congress and constitutional. (Ib.) REPOKT OF THE COMPTROLLER, OF THE CURRENCY. 161, Provision of Federal reserve act held not unconstitutional as affecting power of Siate$ over State banks. (U. S. C. C. A. 1924.) Federal reserve act, section 9 (4), being Compiled Statutes, section 9792, making member banks of the Federal reserve sysitem and their officers, agents,, and employees subject to the provisions of Revised Statutes, section 5209 (Comp. St., sec. 9772), as applied to State banks, deals only with their relations to the Federal reserve system, and is not unconstitutional as affecting the powers of the States over such banks. (Ib.) GUARANTY Bank held not liablet wider contract, for debt of another bank. (U. S. C. C. A. 1924.) An agreement under which defendant bank lent to another bank a stated sum, to be held on deposit by defendant and used in payment of certain specified claims against the borrower and checks drawn by its depositors, as shown by its books, held not to render defendant liable for certificates of deposit issued by the borrower, not mentioned in the agreement, and especially in- the absence of an allegation that any part ©f the sum lent remained in its hands unexpended. (Federal Bank & Trust Co, v. Vaughn etal.,. 1 Fed. Rep., 2d series 979.) Agreement by. bank to hold deposit during, life of charter party, held not a guaranty. (U. S. C. (X A. 1924.) An agreement by a national bank to hold a deposit made by a charterer during the life of the charter, which deposit was required by the charter party to secure fulfillment of its terms by the charterer, can not be construed as a guaranty by the bank that the money would be paid over to the shipowner on the charterer's default. (Coal & Iron Nat. Bank of the City of New York v. Suzuki et al., 3 Fed. Rep., 2d series, 764.) Agreement of bank to hold deposit, under a contract between plaintiff and the depositor, held not to gwe plaintiff a right of action at law against it to recover the deposit, (IT. S. C. C. A. 1924.) A charter party required the charterer to deposit with plaintiff, the owner, a bank guaranty covering one-half a. month > hire, as a guaranty of his fulfillment of his obligations under the charter. Defendant bank notified plaintiff that it held a deposit made by the charterer, to be retained during the life of the charter party. Held> that the bank, which had no power to execute a guaranty, did not thereby assume any obligation to pay the money to plaintiff on breach of the charter by the charterer, which gave plaintiff a right of action at law against It. (Ib.) Bank not party to paper may bind itself as guarantor. (U. S. I>. C. 1924.) A bank m&y become guarantor of commercial paper to which it is not otherwise a party, but to be valid such guaranty must not only have been made for a valuable consideration, but it must in some way have been a part of and incident to its banking business. (Allis.Chaimers Mfg. Co. v. Citizens' Bank <fe Trust Co., 3 Fed. Rep., 2d series, 316.) Guaranty, by bank held within the scope of Us authority.. (XL S.. IX C* 1924.) Plaintiff held aa account against a milling company foi past o# tke price of the machinery installed in its mall, to which plaintiff *e&aured title as. security. The milling company because largely indebted, defendant and another bank being its principal creditors. Alter a conference of creditors* the company executed a. mortgage to the two banks as trustees, subject to plaintiff s claim, which plaintiff extended, taking the company's note, guaranteed by defendant bank; the other bank having failed. The removal of the machinery would have made it impossible to continue the mill in operation, and from such operation by a lessee* defendant realized as trustee more than sufficient to pay the note*. HeM that, un-de? the circumstances, the guaranty was not only a reasonable-, but a necessary incident to defendant's banking business, and was within the scope of its power to execute. (Ib.) 162 REPORT OF THE COMPTROLLER OF THE CURRENCY President held to have authority to execute guaranty. (U. S. D. C. 1924.) Where a bank took a mortgage to secure an existing indebtedness to it of over $100,000, on property subject to a prior claim of less than $20,000, enforcement of which would have seriously imperiled the security, its president, who had been its active business manager for eight years, and accustomed to act for it without formal authority from the directors, held to have authority, acting in good faith and in its interest, to execute a guaranty of such claim on behalf of the bank to secure its renewal. (Ib.) INSOLVENCY AND RECEIVERS POWER OF RECEIVER TO DISPOSE OF ASSETS AND COMPOUND CLAIMS District court1 s order approving sale of national bank's assets by receiver not reviewable by circuit court of appeals at instance of bank's creditors. (U. S. C. C. A. 1925.) District court's order approving sale of national bank's assets, on receiver's application, under Revised Statutes section 5234 (Comp. St., sec. 9821), is not reviewable by circuit court of appeals, on appeal, under Judicial Code, section 128 (Comp. St., sec. 1120), by bank's creditors, since such proceeding is an ex parte proceeding to which the bank's creditors are not entitled to be parties and in which they have no right to be heard, and not a suit, and since funds to be collected from sale are not subject to disbursement by court, but by Comptroller, by whom receiver was appointed and is controlled. (Fifer et al. v. Williams, 5 Fed. Rep., 2d series, 286.) National bank receiver does not submit himself a7id bank's assets to control of court by application for approval of sale of assets. (U, S. C. C. A. 1925.) Application by receiver of national bank appointed by Comptroller of Currency, under Revised Statutes, section 5234 (Comp. St., sec. 9821), to district court for approval of sale of assets, does not subject the receiver and the affairs of the bank to the jurisdiction of, or place assets of bank under control of, the court in the sense that receiver appointed by court and assets in his possession are under court's control. (Ib.) Court has duty to refuse order to sell property of defunct bank, if objections of creditors are well founded. (U. S. D. C. 1925.) The ex parte application of a receiver appointed under Revised Statute, section 5234 (Comp. St., sec. 9821), by Comptroller of Currencj', for order of sale of assets of defunct bank, is not a judicial controversy, notwithstanding opportunity for objecting creditors to be heard, but it is duty of court to refuse to order sale if objections are well founded. (Ex parte Moore, in re Sale of Assets of First Nat. Bank of Florence, 6 Fed Rep., 2d series, 905.) That proposed sale of assets of insolvent bank includes debts not objectionable; (i personal property." (U. S. D. C. 1925.) In view of statute authorizing receiver to sell bad and doubtful debts and all real and personal property, a proposed sale of assets of insolvent bank, including debts due it, is not objectionable for failure to distinguish bad or doubtful from good debts, in view of meaning of "personal property," which includes everything subject of ownership not coining under denomination of real estate, and includes debts and choses in action (citing Words and Phrases, "Personal Property"). (Ib.) Provision in proposed sale of assets of insolvent bank for payment of small claims in full held illegal. (U. S. D. C. 1925.) In view of Revised Statute, section 5236 (Comp. St., sec. 9823), requiring comptroller to make a ratable dividend of proceeds from insolvent bank's assets, proposed sale of assets of insolvent bank providing for payment in full of certain small claims, amounting in all to approximately $20,000, held illegal. (Ib.) REPORT OF THE COMPTROLLER OF THE CURRENCY 163 Proposed sale of assets of insolvent bank, requiring creditors to accept certificates of deposit from purchasing hanky illegal. (U. S. D. C. 1925.) A receiver under national banking act can not compel a creditor to accept a new debtor for whole or part of his debt, and proposed sale of assets of insolvent bank requiring creditors to receive certificates of deposit of purchasing bank in lieu of their claims against insolvent bank held illegal as to objecting creditors. (Ib.) Proposed sale of assets of insolvent hanky allowing purchaser to collect and compound certain assets, held illegal. (U. S. D. C. 1925.) A proposed sale of assets of insolvent bank, giving purchasing bank power to sell, collect, or compound certain assets, without submitting to court such proposition, and where neither receiver nor comptroller would have any further power, held illegal as amounting to abdication by receiver of duties. (Ib.) Terms of sale prescribed by court must not he illegal. (U. S. D. C. 1925.) Although court has full power to prescribe terms of sale of assets of insolvent corporations, it may not prescribe illegal terms which practically nullify provisions of statute, though terms be favored by a very large majority, and would in all probability be for benefit of creditors. (Ib.) ACTIONS AGAINST RECEIVERS Courts—Action against superintendent of insurance to impress fund in his hands with trust, held not ll action against State." (U. S. D. C. 1923.) Where proceeds of bonds and securities stolen from bank were paid to insurance company, and came into hands of State superintendent of insurance as official liquidator, held, action against insurance superintendent by receiver of bank to impress such fund with trust in favor of bank was not an " action against the State," nor a constitutional officer of it. (Bean v. Stoddard, State Superintendent of Insurance, et al. 2 Fed. Rep., 2d series, 62.) Trusts—Adequate remedy at law held not to preclude suit to impress fund in hands of superintendent of insurance with trust. (U. S. D. C. 1923.) Suit by receiver of bank against superintendent of insurance to impress trust on proceeds of stolen bonds and securities, which had been paid to an insurance company and had come into defendant's hands as official liquidator, held not improper, though an adequate remedy at law might exist under insurance law, New York, section 63. (Ib.) Complaint Jield to sufficiently disclose receiver's capacity to sue. (U. S. D. C. 1923.) Complaint in suit by receiver of national bank to impress with trust a fund in hands of State superintendent of insurance, which alleged plaintiff's appointment and assumption of duties as receiver, held to show sufficient capacity to sue, in absence of specific denial of such appointment. (Ib.) Specific instructions to commence action not essential to receiver's capacity to sue. (U. S. D. C. 1923.) Under Revised Statute, section 5234 (Comp. St., sec. 9821),it is the duty of receiver of national bank to collect assets and debts, and he is not required, as affecting his capacity to sue, to obtain specific instructions before commencing action for such purpose. (Ib.) CLAIMS FOR DEPOSIT OF COUNTY FUNDS State statute held ineffectual to give county preference in distribution of assets of national hank. (Iowa Sup. 1924.) Distribution of assets of insolvent national bank being governed by United States Revised Statutes, section 5236 (U. S. Comp. St., sec. 9823), which prevails over State statute, Code Supplement 1913, section 3825a (Code 1924, sec. 12719), is ineffectual to give county preference. (Palo Alto County v. Ulrich et al. 201 N. W. Rep. 132.) 164 REPOBT OF THE COMBTBOIJ^EB OF THE Counties—Board of supervisors.could not by present designation of county depository bind subsequent board. (Iowa: Sup. 1924.) While board of county supervisors is continuous body, it could not by present designation and approval of depository bond bind board- as thereafter constituted; (Ib..) Depositories—Approval1 of bank as county depository held to authorize deposits therein until approval revoked or new depository named. (Iowa Slip. 1924.) Where board of county supervisors had designated and approved bank as county depository under Code 18.97, section 1457, such approval- was effective, and constituted, authority for deposit therein of county, funds until revoked or new depository named. (Ib.) Deposit of check by county treasurer in depository bank held to create relation of debtor and creditor. (Iowa Sup. 1924.) Deposit of foreign check by county treasurer in depository bank held under evidence to create relation of debtor and creditor, and not to. constitute trust fund. (Ib.) Relation of debtor and or editor- held to arise when bank receives paper and credits proemds; to customer's checking account. (Iowa Sup» 1924,) Where customer indorses to bank's order checks or drafts, and is given credit for amount thereof on his account as cash, and may check against credit given, in absence of agreement or understanding to contrary, or proof of circumstances from which it may be inferred, presumption is that title to paper passes to bank, and relation of debtor and creditor arises. (Ib.) CLAIMS OF UNITED STATES Evidence held insufficient: to show insolvency. (U. S. D^ C. 1924.) Under Revised Statutes section 3466 (Comp. St. Sec, 6372),, giving a preference to debts due by insolvent debtor to United States, insolvency of bank held not shown by proof that balance disclosed by daily statement was incorrect or that certain bills receivable were without value, where the statement showed excess of resources over indebtedness. (United States Fidelity & Guaranty Co. n. Porter, Conrmissioner of Finance of Idaho, 3 Fed. Rep.., 2d series, 57.) Capital stock not "debt" in determining^insolvency. (U. S. ID', C. 1924.) In determining question of insolvency, capital stock and .surplus* in no sense constitute indebtedness of bank, its obligation to a stockholder not being a debt, but latterJs right being to receive ratable share of assets after all debts are paid. (Ib.) Idaho State finance commissioner held not shoion to have taken over bank assets under assignment. (U. S. D. C. 1924.) In suit by surety to ha/ve declared a preference its claims against insolvent State bank within Revised Statutes, sections 3466, 3468; (Comp. St., sec. 6372, 6374), giving a priority to debts due United States, evidence held insufficient to show that Idaho State finance commissioner took charge of affairs of bank under an assignment by resolution, of board of directors, where such resolution did not purport to be an assignment, but simply a determination to discontinue business. (Ib.) Right of surety's preference as for debt due United States; wholly.dependent on, statute. (U..S. Di G. 1924>) The right of a surety to a- preference under Revised Statutes, sections 3466,. 3468 (Comp. St. sees, 6372, 6374), giving pref^ erence to debts due the United States, is a creature of statutory law and exists only in cases where the facts fall strictly within provisions of statute. (Ib.) Claim against /insolvent bank based on cashier's checks purchased with Government funds held entitled to priority. (U. Sv D;. C. 1925.) A claim against an insolvent bank, based on cashier's checks purchased by a: poatmistress with fumlfe. belonging to the Government, held; one*in favor of the United; States:with-right to priority of payment- under* Revised Statutes, section 3466 (Comp. St., sec. 637.2.), which right .-was not affected; by the fact'that the claim was,filed?by, and- allowed to, the postmistress and afterwards assigned to the United States. (United States v. Brock, State Bank Com'r. of Louisiana, et al., 5 Fed. Rep., 2d series, 265.) BEPORT OJP THE COMPTROLLER OF THE. GUBBBKOY 165 OFFSETS Surety not entitled to set off claim against insolvent bank; debtor bank can not acquire right of set-off by acquiring claim against, the bank. (U. S.. Sup. 1924.) Where a guaranty company executed a bond guaranteeing the xktelity of the president, of a national bank, and another to a depositor of the bank insuring payment of deposits, and the bank thereafter became insolvent through the frauds of the president and the guarantor paid the depositor and took an assignment of the depositor's claim against the bank with approval of the bank's receiver. Held, that this claim could not be set off by the guarantor as assignee or subrogee in an action by the receiver upon the bond first mentioned. The doctrine of relation is a legal fiction invented to promote justice? and never allowed to defeat the collateral rights of third persons. 295 Fed* 847 affirmed. (United States Fidelity & Guaranty Co. v. Wooldridge, Receiver of the National Bank of Clebuxn, 2.68 U. &.. R. 234.) Set-off and counterclaim—One of two defendants severally liable held entitled to interpose counterclaim as against objection of want of mutuality. (XL S. C. C. A. 1924.) In action by receiver of bank on drafts deposited with it by payee, against latter and drawer, either defendant might set up as counterclaim any claim pn contract held by it at time bank became5 insolvent; cause of action being several and doctrine of mutuality therefore being inapplicable. (Richmond Ins. Co. et al. v.. Litteer, 1 Fed. Rep., 2d series, 311.) Claim against bank held to arise after Us insolvency, and therefore not subject of set-off. (U.. S. C. C. A. 1924.) Where a bank on which check was drawn honored and paid it in regular course of business by delivery of draft,, and its receiver thereafter stopped payment on draft to enable him to distribute bank's estate equitably among creditors, claim of maker of check by reason of stopping payment of draft could not be interposed as set-off in receiver's action against maker, since maker's right had inception after insolvency of bank. (Ib.) INSOLVENCY OF STATS BANK Courts—Defendant, by failing to object to form of proceeding, waived right of court to proceed. (HI. S, C. C. A. 1925.) Where insolvent State bank was placed under receivership hy order of district court, although cMmants to fund drawn into court by petition of receiver were residents of State, and no claim was for as much as $3,000, by failing to object to form of proceeding, defendant waived' right of court to proceed, and final adjudication that receiver had no interest in fund did not affect' jurisdiction theretofore rightfully attached, (George. ©. Harter Bank of Canton, Ohio,«?. Inglis, § Fed. Rep., 2d. series.. 841,) Ordinarily bank may,- mt off agmmi deposit debt ckm by depositor. (U. S. C. C, A.. 1.92:5*) Ordinarily a bank may set. off. a, deposit against a debt, due it from the depositor, right thereto not r however, being absolute or paramount to superior equities. (Ib.) Equity has extended rigki of hank to set off deposit o@ainst debt on theory that one should not puy- debt ta creditor if he can not compel creditor to pay.. (U. S. C. O. A. 1925.) Where insolvency has intervened, equity has extended right of. bank to set off deposit against debt of depositor to unma~ tured note, on theory that in good conscience one ought not pay debt, to creditor if he can not ultimately compel creditor to pay debt due him; right, however, not being paramount to* superior equities. (Ib.) Equities of claimants- ta deposit of insolvent bunk held superior to right of set-off ef bank. (U.. S.. €. : Cl A.. 1*925.).- Wmere company engaged in general banking business was? pi&£@dl imder receivership,, and bank, after learning thereof, applied its deposit; in, paymen t of qaaoaatturedb note, equities of claimant to deposit as--par©ceeds of/sale of shapes of stock and f tracts- intrusted to insolvent, bank, which were traceable to deoosit, held superior to right of set-off in the bank. (Ib.) 166 EEPORT OF THE COMPTROLLER OF THE CURRENCY Collateral held inapplicable to preexisting debt of another bank which absorbed creditor bank. (U. S. C. C. A. 1925.) Where collateral was deposited by debtor with C. bank to secure payment of debt or any of debtor's liabilities to C. bank, due or to become due, or that may thereafter be contracted, after existing debt was paid, collateral can not be applied to payment of a preexisting and unmatured obligation to H. bank, which absorbed C. bank. (Ib.) INTEREST AND USURY Penalties imposed on national bank for violating State usury law are forfeiture of interest and liability for twice amount of interest; remedy under Federal statute exclusive. (Ala. Sup. 1924.) Under Revised Statutes of United States, sections 5197, 5198 (U. S. Comp. St., sees. 9758, 9759), national bank charging or receiving higher rate of interest than allowed by law of State where bank is located, forfeits entire interest, and, if interest has been paid, person making payment may sue for twice amount of interest paid, and this remedy is exclusive. (Jones v. Moore, 102 So. Rep. 200.) Cause of action for interest paid national bank does not accrue until all payments exceed principal. (Ala. Sup. 1924.) Cause of action under Revised Statutes of United States, section 5198 (U. S. Comp. St., sec. 9759), for twice interest paid to national bank does not accrue, and lender may purge transaction of usury, until all payments exceed principal. (Ib.) Mere renewal of note not payment cutting off defense of usury under national banking act. (Ala. Sup. 1924.) Mere renewal of note by national bank, including therein usurious interest, is not such payment as cuts off defense of usury in action thereon, or limits borrower to his action for penalty for usury paid, under Revised Statutes of United States, section 5198 (U. S. Comp. St., sec. 9759). (Ib.) Rule as to effect of part payments on note including usurious interest, as respects penalties under national banking act, stated. (Ala. Sup. 1924.) As respects penalties imposed by national banking act (Rev. St., U. S., sec. 5198 (U. S. Comp. St., sec. 9759)), part payments of note generally, including therein usurious interest, without application thereof by agreement of parties, are not regarded as applied first to payment of interest, but if parties by agreement make such application thereof, it will be treated as if usurious interest had been separately paid, intent of parties being controlling. (Ib.) Entire usurious contract not void, but voidable as to interest only. (Ala. Sup. 1924.) Under national banking law and laws of Alabama, entire usurious contract is not void, but is voidable as to interest only. (Ib.) Bills and notes—Usury—Assignee of usurious nonnegotiable paper takes subject to defenses; renewal binds debtor for full amount. (Ala. Sup. 1924.) Assignee of usurious nonnegotiable paper without notice of usury, who pays its full value, takes subject to all defenses available against payee, but renewal of debt, including usury, binds debtor for full amount. Lib.) Usury—Debtor can not set up usury against assignee induced to pay usurious debt. (Ala. Sup. 1924.) Debtor can not set up usury against assignee of security induced by him to advance money to pay usurious debt. (Ib.) Principal and surety—Rights of surety to protection against loss grow out of contract with principal. (Ala. Sup. 1924.) Though surety who pays debt is subrogated to remedies and securities of payee under Code 1907, sections 5385, 5388, he is not in position of assignee when he enters into obligation, but his right to be protected against loss grows out of contract with principal. (Ib.) BEPORT.OF THE COMPTROLLER OF THE CURRENCY 167 Principal and surety—Surety paying usurious obligation without notice not to do sa, held entitled to recover amount paid. (Ala. Sup. 1924.) Where surety pays obligation after maturity .without notice from principal not to do so, he is entitled to recover amount paid though he had notice of usury in debt, but any collusion with payee to cut off debtor's right to purge it of usury would place surety in like position with payee. (Ib.) Usury—Contract not "usurious" if lender receives something of uncertain value for loan, unless palpably in excess of legal interest. (Ala. Sup. 1924.) Contract is not >l usurious" where lender receives something of uncertain value for his loan, even though its probable value is greater than legal interest, unless so palpably in excess of legal rate as to show intent to violate usury laws. (Ib.) Usury—Where stock given as compensation for loan highly speculative, transaction held not usurious. (Ala. Sup. 1924.) Where stock given as compensation for loan was highly speculative, and without real market value, transaction held not usurious. (Ib.) Evidence—Receipt and contract held to show third party's notes transferred to secure plaintiff's note, and not as payment thereof. (Ala. Sup. 1924.) Receipt and contract reciting that transfer of third party's notes was contribution toward plaintiff's note, that such note and collateral was held as security that third party would pay his notes, that plaintiff note was to be paid from proceeds of third party's notes, etc., held to show that notes were merely transferred to secure plaintiff's note and not as absolute payment thereof. (Ib.) Pledges—Sale of collateral note held not payment of debt. (Ala. Sup. 1924.) Sale of note held as collateral under conditions whereby holder may and does reclaim it and stands ready to surrender it% is not payment of principal debt; Code 1907, section 3302, not being applicable/ (Ib-) Pledges—Plaintiff took nothing by delay in prosecution of action on note securing plaintiff's note not due to holder's fault. (Ala. Sup. 1924.) Where notes of third party given to defendant to secure plaintiff's note were not paid at maturity, and defendant sued thereon, plaintiff took nothing by delay in prosecuting action not due to defendant's fault. (Ib.) Congress has exclusive power to determine penalty for usury by national bank. (Idaho Sup. 1924.) It is within the exclusive power of Congress to determine the penalty that may be exacted of a national bank for taking, receiving, reserving, or charging an usurious rate of interest. (Curtis v. Western Reporting & Credit Co. et al., 230 Pac. Rep. 771.) Penalty for usurious contracts of national banks limited to forfeiture of interest where it has not been paid. (Idaho Sup. 1924.) Congress has limited the penalty for the usurious contracts of national banks to a forfeiture of the interest, where the interest has not been paid. (Ib.) No greater penalty than forfeiture of interest can be imposed on national bank in action on usurious contract. (Idaho Sup. 1924.) No other or greater penalty can be imposed on a national bank in an action on an usurious contract than a forfeiture of the interest. (Ib.) Evidence—Evidence of alleged usurious transactions other than pleaded as defense to action on note inadmissible. (Idaho Sup. 1924.) In an action on a promissory note, where usury is pleaded as a defense, evidence with respect to other alleged usurious transactions is not admissible. (Ib.) 67746°—261 -12 168 REPORT OF THE COMPTROLLER OF THE CURRENCY Charge of interest by national bank exceeding 6 per cent was usurious to extent State law applied. (Md. App. 1925.) Charge of interest by national bank exceeding 6 per cent was usurious to extent State law applied. (Penrose v. Canton Nat. Bank of Canton, 127 At. Rep. 852.) Where national banh charges excessive interest for loan, either on original or on renewal note, indorser may be relieved of all interest up to time of suit. (Md. App. 1925.) Where national bank charges excessive interest for loan, either on original or on renewal note, indorser may be relieved of all interest up to time of suit, in view of Revised Statutes of United States, sections 5197, 5198 (U. S. Comp. St., sees. 9758, 9759). (Ib.) Usury—Pleas alleging usury held sufficient against demurrer interposed for noncompliance with statutory requirements. (Md. App. 1925.) Pleas alleging usury held sufficient against demurrer interposed for noncompliance with code, article 49, section 5, where the pleas specifically stated the amounts and dates of the original loans, though they did not give the details of the renewal notes actually sued on. (Ib.) National banks may charge corporations any rate of interest agreed upon without violoMon of usury law. (Md. App. 1925.) National banks may charge corporations any rate of interest agreed upon without violation of usury law, in view of code (vol, 4), article 23, section 100a; hence, in suit "by such bank as payee .against defendant as accommodation indorse? on corporation note, defendant could not set up usury. (ID.) Usury—Exclusion of questions pertaining to usury held not error, usury not being available defense. (Md. App. 1925.) In action on note, against accommodation indorser, exclusion of questions pertaining to usury held not error; usury not being available defense. (Ib.) Testimony as to other possible ways of payee bank to obtain additional interest held properly excluded. (Md. App. 1925.) Assuming usury was an issue in action bv national bank as payee on a note on which defendant was accommodation indorser, where it appeared that interest in addition to the amount named in the note was collected by the bank in a certain way, exclusion of testimony as to other possible ways of plaintiff to obtain additional interest held not error, where such testimony had no appreciable effect on the case, and the method suggested was not adopted by plaintiff, and there seemed to be no need of the comparison suggested by way of explanation of the transaction as it was. (Ib.) JURISDICTION Jurisdiction over a suit to administer the assets of an insolvent firm of stockbrokers does not empower the district court to entertain as dependent or ancillary a controversy between a customer of the firm and a national bank (citizens of the same State) over money paid the firm by the customer to buy stocks, (U. S. Sup. 1925.) A controversy is not dependent or ancillary unless it has direct relation to property or assets drawn into the court's possession or control by the principal suit. Jurisdiction over a suit to administer the assets of an insolvent firm of stockbrokers does not empower the district court to entertain as dependent or ancillary a controversy between a customer of the firm and a national bank (citizens of the same State) over money paid the firm by the customer to buy stocks and deposited by the firm in the bank, and which the bank has set off against notes owing it by the firm, but which the customer claims as equitably his, free from the firm's obligations. 295 Fed. Oil reversed. (Fulton National Bank of Atlanta v. Hozier, Intervener, and Smith, et al., as Receivers of Imbrie & Co., 267 U. S. R. 276.) REPORT OF THE COMPTROLLER OF THE CURRENCY 169 LIQUIDATION National bank is creature of Federal law. (Colo. Sup. 1925.) A national bank is a creature of Federal law. (McClelland v. Merchants' & Miners' Nat. Bank of Idaho Springs, 238 Pac. Rep. 774.) Federal banking act as to transfer of stock of national bank held to control over State statute. (Colo. Sup. 1925.) Federal banking act as to transfer of stock of national bank held to control Colorado C. L., section 2268, notwithstanding stock was transferred after bank ceased to function as such, and while it was in the process of voluntary liquidation. (Ib.) Adoption by national bank of policy^ of voluntary liquidation definitelyfixedas of such time liability of each stockholder to bank. (Colo. Sup. 1925.) Adoption by national bank of policy of voluntary liquidation definitely fixed as of such time liability of each stockholder to bank. (Ib.) National bank's adoption of voluntary liquidation precluded stockholders frotri thereafter avoiding liability on stock by transfer thereof. (Colo. Sup. 1925.) National bank's adoption of voluntary liquidation precluded stockholders from thereafter avoiding liabilit}^ on stock by transfer thereof. (Ib.) Equitable assignment by stockholder in national bankf of his certificate of stock, after bank goes into liquidation, does not affect his status as stockholder with its attendant liabilities. (Colo. Sup. 1925.) An equitable assignment by a stockholder in a national bank, of his certificate of stock, after bank goes into liquidation, does not affect his status as stockholder with its attendant liabilities; the status of such stockholder remaining unchanged from the date when the bank goes into liquidation. (Ib.) National bank going into liquidation has lien for indebtedness upon dividends in hands of receiver, 'which equity may enforce by set-off. (Colo. Sup. 1925.) A national bank going into liquidation has lien upon dividends in hands of receiver, and may properly set off dividends accruing upon shares of stockholder against his indebtedness to bank, and equity will enforce set-off, when necessary to prevent one of the parties from losing his payment on account of insolvency of the other. (Ib.) Trusts—Indebtedness to trust fund of insolvent person, entitled to share in distribution of trust fund, may in equity be set off against his distributive share. (Colo. Sup. 1925.) Indebtedness to trust fund of insolvent person, entitled to share in distribution of trust fund, may in equity be set off against his distributive share. (Ib.) Act of receiver of liquidating national bank, in setting off accumulated dividends against stockholder's judgment debt to bank held proper. (Colo. Sup. 1925.) Act of receiver of liquidating national bank, in setting off accumulated dividends on shares of insolvent stockholder against latter's judgment debt to bank, held proper. (Ib.) Pledgees of certificate of stock in national bank, becoming such during liquidation of bank, held to acquire rights of assignor subject to cross demands of bank against assigning insolvent stockholder. (Colo. Sup. 1925.) As against a judgment creditor, purchasing at execution sale debtor's certificate of shares of national-bank stock while bank waa in process of liquidation, prior pledgees of such stock, by assignment and delivery during such liquidation, held to have acquired all rights of the assignor with respect to dividends, subject to the cross demands of the bank against such assigning insolvent stockholder, and the bank's right in equity to enforce set-off. (Ib.) 170 REPORT OF THE COMPTROLLER OF THE CURRENCY Assets turned over to bank upon organization deemed good when subsequently paid, (111. Sup. 1924.) Where a national bank was converted into a State savings bank, through stockholders' agreement to take stock in the State bank, and a trust company furnished money to be exhibited to the auditor's agent as the cash capital of the State bank and it was then returned to the trust company, in an accounting to determine its liability to creditors by way of estoppel measured by the impairment of the national bank's capital and surplus, assets turned over to the State bank should be considered good and collectible where they were subsequently paid, notwithstanding an accountant could not place any value on them at the time of the transfer. (Chicago Title & Trust Co. v. Central Trust Co. of Illinois, 144 N. E. Rep. 165.) Trust company assisting in illegal organization not to be prejudiced by failure of savings bank and receiver to collect assets. (111. Sup. 1924.) In such case the trust company should not be prejudiced by any failure of the savings bank or its receiver to use proper diligence in the collection of the assets turned over to them by the national bank, and, if a debt transferred was as gqod on that day as cash for banking purposes, it must be regarded as a good debt. (Ib.) Valuation placed on notes turned over to bank upon organization as regards liability of trust company. (111. Sup. 1924.) In such case notes or claims transferred held to be valued as of the date of transfer to the savings bank, and, where a note or claim was afterwards paid in part only, the present worth on the date of transfer of the payment afterwards made must be taken as the amount collected thereon. (Ib.) "Surplus" and "undivided profits" defined. (111. Sup. 1924.) The item designated as "surplus" in a bank statement represents permanent surplus or a liability that is carried permanently on the books, and is rarely ever decreased or increased except by necessity in case of loss to the bank, or in case of an increase by reason of a new declaration of a permanent fund to be carried under that designation, and "undivided profits'' are the funds usually drawn to pay the declared dividends of the bank. (Ib.) Estoppel—Trust company assisting in illegal organization of bank held not liable to stockholders of bank through estoppel by reason of cash secured from it exhibited as capital of bank. (111. Sup. 1924.) Where national bank was converted into a State savings bank through stockholders' agreement to take stock in the State bank, and a person interested secured cash from a trust company which was exhibited to the auditor's agent as the cash capital of the State bank, and then returned to the trust company, the trust company, though liable by estoppel to the creditors of the State bank which became insolvent, was not liable to its stockholders. (Ib.) Undivided profits not treated as liability in accounting against trust company assisting in illegal organization of State savings bank to succeed national bank. (111. Sup. 1924.) Where national bank was converted into State sayings bank, and a person interested secured cash from a trust company which was exhibited to the auditor's agent as the cash capital of the State bank, and then returned to the trust company, in an accounting to determine the liability of the trust company to the creditors of the State bank, on the theory of estoppel, undivided profits of the national bank should not be treated as a liability. (Ib.) When liability to stockholders of dissolved national bank deemed to cease in determining liability of one assisting in illegal reorganization as State bank. (111. Sup. 1924.) In such case, in determining the liability of the trust company under the theory of estoppel, the entire amount of the national bank's liability to its stockholders is deemed to have ceased the very moment they accepted stock in the savings bank, and, as to dissenting stockholders, the very moment that an interested person purchased their stock. (Ib.) REPORT OF THE COMPTROLLER OF THE CURRENCY 171 Taxation—Stockholders and not bank liable for tax on stock. (111. Sup. 1924.) Under Revenue Law, sections 35, 39, assessing shares of stock, and making it the duty of every bank and its managing officers to retain so much of any dividends belonging to stockholders as shall be necessary to pay taxes levied upon the shares, the liability is that of the stockholders and not the bank, and the bank is not primarily liable. (Ib.) Trust company assisting in illegal organization not liable for attorney's fee paid by bank holding note against attorney which could have been set off. (111. Sup. 1924.) Where a national bank was converted into a State sayings bank and a trust company furnished cash to be exhibited to auditor's agent as the cash capital of the State bank, and then returned to the trust company, in an accounting to determine its liability to creditors of the State bank on the theory of estoppel, it could not be charged with fees paid an attorney by the State bank at a time when it held a note of the attorney due on demand, which could have been set off against the claim for services. (Ib.) Trust company assisting in illegal organization not liable for expenses of bank or its receiver. (111. Sup. 1924.)- In such case, the trust company can not be charged with the expenses of the savings bank or the expenses of a receiver in winding up its affairs. (Ib.) Salary relinquished not considered in determining liability of trust company to creditors of bank which it helped to organize without required capital. (111. Sup. 1924.) In such case, salary relinquished by president of the national bank though subsequently claimed should not be considered as a liability of savings bank. (Ib.) Trust company assisting in illegal organization of bank not liable for loss caused by want of diligence. (111. Sup. 1924.) In such case, the trust company is not bound by action of receiver of savings bank in selling assets for less than their value through want of due diligence in finding out their value. (Ib.) Contracts—Third party may maintain action on promise made for his benefit. (111. Sup. 1924.) A third party may maintain an action on a promise made to another for his benefit. (Ib.) When indirect liability charged in determining solvency right of indemnity should be credited. (111. Sup. 1924.) Where a national bank was converted into a State savings bank, and cash was furnished by a trust company to be exhibited to the auditor's agent as the cash capital of the State bank, and then returned to the trust company, in an accounting to determine the liability of the trust company, charged, under the theory of estoppel to the creditors of the State bank, when indirect liability of debtor of the national bank was charged in determining his solvency, credit should have been given because of his right to be made good by party primarily liable. (Ib.) * Payment—Deposit properly applied to oldest note by receiver of bank. (111. Sup. 1924.) A receiver of a bank holding several notes of a depositor, in the absence of direction by debtor, properly applied the deposit to the oldest note. (Ib.) Payment—Rule as to application of payments. (111. Sup. 1924.) A debtor has the right to have a payment applied to the debt he directs, but, if he makes no direction, then the creditor may apply the credit as he sees fit, in case no third party is unjustly prejudiced. (Ib.) Corporations—Organizers of foreign holding corporation remained owners of stock of domestic corporation. (111. Sup. 1924.) A syndicate owning shares of stock of a domestic corporation remained the owners thereof though they formed a foreign corporation as a holding company for the stock, as a foreign corporation can not lawfully hold stock in a resident corporation. (Ib.) 172 REPORT OF THE COMPTROLLER OF THE No credit because worthless claims transferred to subsidiary in accounting to determine liability of trust company assisting in illegal organization of bank. (III. Sup. 1924.) Where a national bank was converted into a State sayings bank, and a trust company furnished cash to be exhibited to auditor's agent as the cash capital of the State bank and then returned to the trust company, in an accounting to determine its liability to creditors, under the theory of estoppel, it is. not entitled to credit because worthless claims were transferredfc>ythe State bank to subsidiaries unless these claims were collected or partially collected after they went into the hands of the subsidiaries. (Ib.) Bank could apply deposit on demand note though trust fundr when without notice. (111. Sup. 1924.) A bank could apply a deposit on a demand note though the depsoit was a trust fund, where it was without notiee as to the trust. (Ib.) Evidence—Bank boohs held admissible in action involving accounting, and to be prima facie evidence as to items marked paid. (111. Sup. 1924.) Where persons in control of national bank desired to convert it into a State bank, and secured cash from a trust company which was exhibited to the auditor's agent and then returned to the trust company, in an action wherein it was sought to hold the trust company liable to creditors of the State bank under the theory of estoppel the books of national and State bank were competent evidence as to assets and payment of bills receivable, etc., and established prima facie that items marked paid were paid. (Ib.) Evidence—Positive uncontradicted evidence of owner as to value of real estate can not be ignored. (111. Sup. 1924.) Positive and uncontradicted evidence of owner of real estate as to its value can not be ignored. (Ib.) Evidence—Uncontradicted testimony as to accounts entitled to consideration though not itemized. (111. Sup. 1924.) Positive testimony that there was owing to witness personally by parties living near a certain place good accounts amounting to from $50,000 to $75,000, and that he likewise owned good notes owed by parties in and near such place amounting to the further sum of from $50,000 to $75,000, uncontradicted of record, is entitled to consideration on question of solvency, though he could not itemize the accounts or the notes, his further testimony showing that all of his books of account were in the hands of State or Government officials who were prosecuting him for certain alleged crimes, and that it was not possible for him to consult the books. (Ib.) Payment—Note presumed paid by parties primarily liable. (111. Sup. 1924.) When a note is shown by record evidence to be paid, but it does not appear who paid it, the presumption is indulged that it was paid by parties primarily liable theron, and not by one agreeing to see it paid^ (Ib.) Evidence—Amount paid for land as evidence of value. (111. Sup. 1924.) In determining the value of real estate on a certain date, consideration should be given to the amount paid for it shortly before that time. (Ib.) "Good will".to be considered asset determining liability of one assisting in organization without sufficient capital. (111. Sup. 1924.) Good will, which is the probability that old customers will resort to the old place, is a species of property and is to be considered in determining the value of the assets of a solvent bank transferred to a new savings bank, in determining the liability of one participating in the organization of the new bank with insufficient capital, on the theory of estoppel. (Ib.) EEPORT OF THE COMPTROLLER OF THE CURRENCY 178 Bills and notes-—Mortgages—Note indorsed in blank negotiable by delivery; validity of contract whereby bank took over assets of another bank and of transfer of note in blank could not be litigated by makers of note; "delivery." (N. Y. Sup. 1924.) Where assets of C. bank were transferred to R. bank, which in consideration assumed liabilities of C. bank, note secured by mortgage which was indorsed in blank by C. bank, under negotiable instruments law, sections 2, 60, 64, 90, became payable to bearer and negotiable by "delivery," which is transfer of possession, and R. bank was entitled to sue thereon 'in own name and makers could not litigate validity of transfer of note or of contract. (National Bank of Rochester v. ErionHaines Realty Co. #b al., 206 N. Y. Supp. 452.) Bills and notes—Statute of national bank taking over assets of another bank stated; bank could not recover on note without surrendering security. (N. Y. Sup. 1924.) Under act Congress, November 7, 1918, sections 1, 2 (U. S. Comp. St. Ann. Supp. 1919, sections 9696a, 9696b), where national bank took over assets and assumed liabilities of another bank, it became holder of note ransferred under blank indorsement in same manner and to same extent as transferor and could not recover thereon without surrendering security held by transferor. (Ib.) MUTUAL LOAN COMPANIES State regulation of business akin to banking. (U. S. Sup. 1924.) Business so nearly akin to banking as to be equally clothed with a public interest may be brought under State supervision by confinement to corporations. (D.illingham, as President, et al. v. McLaughlin, as Superintendent of Banks of the State of New York, et al.; McLaughlin, as Superintendent of Banks of the State of New York, et al. v. Dillingham, as President, et al., 264 U. S. R. 370.) Mutual loan business. (U. S. Sup. 1924.) So held of a business, conducted by a common-law trust, of soliciting and receiving loans in small monthly payments under loan contracts which entitled the respective lenders, when they had paid in a stated percentage, to borrow the face value of their contracts in the order of their applications therefor on real estate security, or, upon sale of this borrowing right, to receive the amounts paid in on their contracts with a problematical ' t bonus," or, by paying up ?;contracts in full, to receive back their face value with a share in a "surplus, with provisions as to forfeiture, etc. (Ib.) Fixing minimum of loans. (U. S. Sup. 1924.) A law of New York forbidding any individual, partnership, or unincorporated association to engage in the business of receiving deposits or payments of money in installments, for cooperative, mutualloan, savings or investment purposes, in sums of less than $500 each, held not violative of the equal-protection clause in not applying to the business of receiving larger deposits, in view of the greater protection needed by small investors and the elements of chance, risk and delay to investors existing in this case. (Ib.) NEGOTIABLE PAPER * Husband and wife-—Evidence of transactions with parties other than plaintiff held insufficient to establish course of dealing estopping wife from denying husband's authority. (U. S. C. C. A. 1925.) In action involving husband's authority to deal for wife, evidence of transactions with banks other than plaintiff held insufficient to show course of dealing relied on by plaintiff or to estop wife from denying husband's authority. (First Nat. Bank of Duncan, Okla., v. Staley et al., 4 Fed. Rep., 2d series, 324.) 174 REPORT OF THE COMPTROLLER OF THE CURRENCY Bank, consolidating with another and acquiring notes from it, does not take as innocent purchaser. (U. S. C. C. A. 1925.) Bank, consolidating with another and acquiring from it notes, does not take as innocent purchaser, but steps into shoes of bank with which it consolidates. (Ib.) Husband and wife—Bank, accepting husband's pledge of wife's notes with knowledge that husband had indoresed them in wife's name, held not innocent holder. (U. S. C. C. A. 1925.) Where bank, at time of accepting husband's pledge of notes belonging to wife, knew that husband had signed wife's name to indorsement, it was not an innocent holder, fcut chargeable with burden of proving that wife had consented or authorized husband's act. (Ib.) Husband and wife—Wife held not precluded from asserting ownership of notes pledged by her husband. (U. S. C. C. A. 1925.) # Where bank, accepting husband's pledge of wife's notes, knew that her indorsement thereon had been written by husband, held, mere fact that wife, after learning of facts, permitted bank to retain possession for short time before insolvency of husband was insufficient to preclude her from subsequently asserting ownership. (Ib.) Evidence—Question as to disposition of proceeds of note held objectionable, as calling for conclusion. (U. S. C. C. A. 1924.) In. action by bank against correspondent bank, question asked witness as to whether plaintiff bank received any part of proceeds of certain note held to call for a conclusion of witness, and properly excluded, in view of other evidence as to disposition actually made of such proceeds. (Hirning, Supt. of Banks of South Dakota, et al. v. Live Stock Nat. Bank. 1 Fed. Rep., 2d series, 308.) Evidence tending to show who received proceeds of sale of notes held admissible in action between banks. (U. S. C. C. A. 1924.) In action by bank to recover of another bank amounts charged against plaintiff's account for unpaid notes alleged by defendant to have been sold by plaintiff to defendant, evidence that plaintiff by checks and drafts drew proceeds of the note credited to it at the time of acquisition by defendant held admissible, as tending to show who received the benefit of such proceeds. (Ib.) Evidence held admissible on issue whether bank, purchasing note of another, knew its true owner. (U. S. C. C. A. 1924.) In action by bank, which claimed that it had been wrongfully charged by another bank with amount of unpaid notes alleged by defendant to have been sold it by plaintiff, evidence that defendant was never notified that plaintiff had credited others than itself with the proceeds of the note at the time of its acquisition by defendant held admissible on the issue whether defendant knew the note was not the property of plaintiff, but of others. (Ib.) Appeal and error—Proof of custom of dealing between banks held not erroneously admitted. (U. S. C. C. A. 1924.) In action by bank against another to recover amounts wrongfully charged to its account on notes alleged by defendant to have been purchased from plaintiff, proof of the custom or manner of doing business between the two banks held admissible on issue of collusion between plaintiff's president and defendant, and otherwise harmless, where judgment was not based on such existing custom. (Ib.) Evidence that parties to notes involved in action between banks were directors and stockholders of plaintiff held immaterial, (U. S. C. C. A. 1924.) In action by bank against another, which it was alleged had wrongfully charged plaintiff with the amount of unpaid notes alleged to have been bought from it, minutes of a stockholders' meeting of plaintiff bank, adduced for the purpose of showing that parties to the notes were directors, and one of them a large stockholder of plaintiff bank, held properly excluded as immaterial. (Ib.) REPORT OF THE COMPTROLLER OF THE CURRENCY 175 OFFICERS DIRECTORS—TERM OF OFFICE—SALARY Director held not entitled to salary as chairman of board of directors after his term as director expires. (Minn. Sup. 1923.) Plaintiff, a director in the defendant bank, was elected chairman of the board of directors for a specified length of time. His term as director expired and he was dismissed as chairman of the board before the end of the term for which he was elected. Held, that he is not entitled to recover his salary for the unexpired term of service. (Van Slyke v. Metropolitan Nat. Bank. 193 N. W. Rep. 470.) National bank can not legally hire any one of its officers for specified time. (Minn. Sup. 1923.) A national bank can not legally hire any one of its officers for a specified time. (Ib.) Attorney and client—Evidence held not to show that attorney intended to render services to bank without compensation. (Md. App. 1924.) Evidence held not to show that it was intention of an attorney, rendering services to a bank prior to its insolvency, and bank's intention, that he was not to be compensated for his services and that his claim for compensation was an afterthought for purpose of meeting bank's receiver's claim against him on his guaranty of a loan which he secured for bank. (Penrose v. Page, 125 Atl. Rep. 549.) Attorney's right to accept employment from bank not affected by being a stockholder in corporation interested in bank. (Md. App. 1924.) That an attorney rendering services to a bank prior to its insolvency was an officer of another corporation which was interested as a stockholder in bank did not deprive him of right to accept employment by bank as special counsel, nor, even in absence of express employment, justify inference that services were rendered without any intention on his part to charge, or expectation by bank to pay, for same. (Ib.) Attorney's right to accept employment from bank not affected by being guarantor of mortgage loan by bank. (Md. App. 1924.) That an attorney rendering services to bank prior to its insolvency was guarantor of a mortgage loan by bank did not warrant inference that in serving bank as counsel he was serving his own interest, for his obligation under guaranty could not have been affected by success or failure of bank. (Ib.) Attorney rendering services to bank prior to insolvency held entitled to reasonable compensation. (Md. App. 1924.) An attorney rendering services to bank prior to insolvency held entitled to a fair and reasonable compensation for services he rendered between date of his employment and the time the State bank commission took charge of bank. (Ib.) POWERS OF AND REPRESENTATION OF BANK BY OFFICERS False representations by cashier held not binding on the bank. (U. S. C. C. A. 1925.) False representations made by the cashier of a bank as to the character and standing of a third person held not binding on the bank, in the absence of evidence that it knew, or should have known in the exercise of due care, of the dishonesty of the cashier. (Citizens' Trust & Savings Bank v. Herr. 4 Fed. Rep., 2d series, 483.) Cashier can not bind bank by representations as to standing or solvency of third persons. (U. S. C. C. A. 1925.) In the absence of evidence that he is authorized to do so, the cashier of a bank has no authority by virtue of his position to make any representations on behalf of the bank as to the standing or solvency of a third person. (Citizens' Trust & Savings Bank v. Falligan, 4 Fed. Rep., 2d series, 481.) Evidence held insufficient to charge bank with liability for fraudulent acts of cashier. (U. S. C. C. A. 1925.) Evidence held insufficient as matter of law to charge a bank with liability for fraudulent acts of its cashier in aiding swindlers to defraud plaintiff. (Ib.) 176 REPORT OF THE COMPTROLLER OF THE CURRENCY Corporations—Plaintiff had burden of proving president's authority. (U. S. C. C. A. 1924.) Where a bank charged to bankrupt corporation sums advanced to its president, claiming that it was by his direction, which sums bankrupt did not receive, the bank had the burden of proving the president's authority. (Wallace v. Ohio Valley Bank. In re Star Car & Foundry Co., 2 Fed. Rep., 2d series, 53.) Creditor hank held, required to credit bankrupt with a payment misappropriated, (U. S. C. C. Ar 1924.) Where the president of bankrupt corporation and its treasurer, who was also vice president of a bank which held the president's personal note, without authority signed a check of bankrupt in payment of the note, for which bankrupt received no consideration, its vice president in such transaction acted for the bank, which is chargesable with notice of the facts, and must be required to credit the payment on an indebtedness of bankrupt to it. (Ib.) Fraud of creditor, not affecting other creditors generally, not ground for disallowance of claim. (U. S. C. C. A. 1924.) That a creditor made false statements as to bankrupt's financial condition to one who afterward became a creditor does not entitle the trustee, representing creditors generally, to insist on postponement of the first creditor's claim until all others are paid. (Ib.) Evidence held to warrant finding bank ratified act of officer in agreeing to honor drafts. (U. S. C. C. A. 1924.) Evidence held sufficient to warrant finding that private bank governed by Burns' Annotated Statute, Indiana, 1914, sections 3402-3417, ratified act of its vice president in agreeing that bank would honor drafts drawn thereon. (Muentzer et al. v. Los Angeles Trust & Savings Bank, 3 Fed. Rep., 2d series, 222.) Act of bank officer may be ratified after its commission, as well as authorized beforehand. (U. S. C. C. A. 1924.) Unsanctioned act of bank officer may be ratified after its commission, as well as authorized beforehand; bank's liability in each case being same. (Ib.) Bank can not escape liability for acts of its officer, knowledge of which is imputable to bank. (U. S. C. C, A. 1924.) Bank can not escape liability for acts of its officer when knowledge of officer's conduct is imputable to bank, any more than when actual formal notice is given to it. (Ib.) Thai drafts called for "exchange and collection charges," while bank's agreement to honor drafts did not mention such charges} held not to affect bank's liability. (U. S. C. C. A. 1924.) That drafts drawn on defendant bank called for "exchange and collection charges/' while bank's telegram agreeing to honor drafts did not mention such charges, did not relieve bank from liability on drafts, where course of dealing between parties showed that drafts were paid without exchange, especially as, drafts being drawn on and payable at defendant's bank, there would be no exchange. (Ib.) That bank paid many drafts drawn by corporation held sufficient to lull suspicion arising from knowledge that bank officer interested in corporation. (XJ. S, C. C. A. 1924.) That bank had promptly paid many drafts drawn by corporation was sufficient to lull any suspicion that holder of draft might have had because of knowledge that bank official who agreed to honor drafts was financially interested in corporation, and, at most, any issue as to holder's being innocent holder was for trial court to determine. (Ib.) Corporation liable for tort of officer acting within the scope of his authority, (U. S. D. C. 1924.) The declaration in an action against a bank and one of its officers, which alleges the felonious stealing of property of plaintiff, and that the individual defendant, acting as such officer and within the scope of his employment; aided and abetted such stealing, held to state a cause of action against both defendants. (Blumenthal v. Commercial Bank of St. Augustine et al., 1 Fed. Rep., 2d series, 64.) BEPORT OF THE COMPTROLLER OF THE CURRENCY 177 Bank and officer held properly joined in action for tort. (U. S. D. C. 1924.) A bank and one of its officers held properly joined in an action charging both with liability for an act of the officer alleged to have been committed while acting for the bank and within the scope of his authority. (Ib.) National hank cashier liable for loss from loom of bank funds in excess of 10 per cent of bank's capital and unimpaired surplus. (Idaho Sup. 1925.) The cashier of a national bank is liable for any loss that results to the bank from the making by him of a loan to any person from the funds of the bank of a sum in excess of 10 per cent of the bank's capital and unimpaired surplus. (First Nat. Bank of Hagerman v. Stringfield et al., 235 Pac. Rep. 897.) Bank is not liable to depositor for making excess loan through lending money withdrawn from depositor'& account with his authority. (Idaho Sup. 1925.) The lending of money withdrawn from the accoun* of a depositor, with the authority of the depositor, does not constitute the making of an excess loan under United States Revised Statutes, section 5200 (U. S. Comp. St., Sec. 9701), and the bank is not liable to the depositor in an action to recover the deposit. (Ib.) National bank not liable for act of cashier in lending money for depositor nor on guaranty of payment of such loan. (Idaho Sup. 1925.) A national bank can not be held for the act of its cashier in lending money for a depositor, nor is the bank liable on a guaranty of the payment of such a loan. (Ib.) OFFICERS, CRIMINAL LIABILITY OF Indictment against employee of national bank for abstracting checks held not duplic~ itous. (U. S. C. C. A. 1925.) An indictment against an employee of a national bank, under Revised Statutes, section 5209 (Comp. St., sec. 9772), for abstracting checks from the funds and credits of the bank, held not duplicitous because it charged that he embezzled, abstracted, and willfully misapplied the checks. (Theobald v. United States, 3 Fed. Rep., 2d series, 601.) Indictment held to show sufficiently that abstraction was without authority. (U. S. C. C A. 1925.) Indictment charging employee of national bank with abstracting travelers' checks held to show sufficiently that the act charged was done without authority. (Ib.) Travelers1 checks held by bank for issuance to customers held "credits" within mean-, ing of embezzlement statute. (U. S. C. C. A. 1925.) The word "credits," as used in Revised Statutes, section 5209 (Comp. St., sec. 9772), making it an offense for an officer or employee of a national bank to embezzle, abstract, or misapply any of the money, funds, or credits of the bank, includes papers intended to represent, and which could perform and were intended to perform the function of, credits, such as travelers' checks kept for issuance to purchasers. (Ib.) Evidence held to sustain conviction of employee for abstracting credits of bank. (U. S. C. C. A. 1925.) Evidence that an employee absconded, and that he cashed travelers' checks belonging to the bank, held sufficient to sustain a conviction for abstracting the checks. (Ib.) Indictment against officer held not to charge misapplication of funds. (U. S. C. C. A. 1925.) An averment, in an indictment against an officer of a national bank, that a fund to his credit in a special account was transferred to his general account and applied on an overdraft, held not to state facts constituting a willful misapplication of funds of the bank, under Revised Statutes, section 5209, as amended September 26, 1918 (Comp. St., Ann. Supp. 1919, sec. 9772); no loss to the bank or depletion of its funds being shown. (Craig i1. United States, 5 Fed. Rep., 2d series, 275.) 178 REPORT OF THE COMPTROLLER OF THE CURRENCY Criminal law—Motion for directed verdict necessary to review of evidence. (U. S. C. C. A. 1924.) Where a motion by defendant for directed verdict at the close of the Government's case is denied, with reserved exceptions, and defendant proceeds to introduce evidence without renewing the motion on the close of all the evidence, the sufficiency of the evidence can not be reviewed by the appellate court. (Deupree v. United States, 2 Fed. Rep., 2d series., 44.) Criminal law—Improper remarks by prosecuting attorney must be objected to. (U. S. C. C. A. 1924.) When no objection is taken to remarks of the prosecuting attorney during the trial, it is too late to raise the question in the appellate court. (Ib.) Criminal law—Objection and exception essential to review. (U. S. C. C. A. 1924.) Judicial Code, section 269, as amended (Comp. St. Ann. Supp. 1919, sec. 1246), is intended to prevent reversals for technical errors, which, though properly preserved, do not affect substantial rights, and does not dispense with the necessity of objection and exceptions. (Ib.) Criminal law—An instruction is not reviewable, in the absence of objection or request for other instruction. (U. S. C. C. A. 1924.) Where an instruction given was not objected to, and no request was made for other or further instruction, it is not assignable as error. (Ib.) Criminal law—An instruction held not prejudicial. (U. S. C. C. A. 1924.) An instruction held not prejudicial where, on defendant's own theory of the law, the evidence was ample to sustain a conviction. (Ib.) Instruction in prosecution for misapplication of funds not erroneous. (U. S. C. C. A. 1924.) In the prosecution of the cashier of a national bank for willful misapplication of its funds, an instruction that restoration or securing of the amount admittedly due the bank, after indictment and a few days before the trial, was not of great, if any, weight as bearing on the question of intent, held not erroneous. (Ib.) Witnesses—Cross-examination bank's funds, held proper. of defendant, prosecuted for misappropriation of (U. S. C. C. A. 1924.) In the prosecution of the cashier of a national bank for misappropriation of its funds, permitting defendant to be asked on cross-examination if he was not later joined in a distant city by a woman to whom some of the funds were diverted, held proper as bearing on the question of intent. (Ib.) POWERS IN GENEKAL Some of incidental powers of national bank stated. . (Vt. Sup. 1924.) Discounting and negotiating promissory notes, drafts, bills of exchange, and other evidences of debt, buying and selling exchange, loaning money, etc., and receiving of money of others on general deposit, are among the incidental powers of a national bank in carrying on its business. (Holman v. Randolph Nat. Bank, Randolph Nat. Bank v. Holman, 126 Atl. Rep. 500.) PURCHASE OF NEGOTIABLE PAPER National bank can not trade negotiable paper held by it for other paper. (Utah Sup. 1923.) National bank has no right to deal in negotiable paper except in manner provided by law, which is limited to discounting such paper, and i t can not trade negotiable paper held by it for other paper. (National Bank of the Republic v. Price, 234 Pac. Rep. 232.) Government alone can complain that transaction by national bank is ultra vires. (Utah Sup. 1925.) That transaction whereby national bank exchanged notes held by i t for others is beyond its powers is no defense to maker of note traded to bank, but Government alone can complain. (National Bank of the Republic v. Price, 234 Pac. Rep. 232.) REPORT OF THE COMPTROLLER OF THE CURRENCY 179 POWER TO HOLD OR ACCUIRE REAL ESTATE National bank can not lease land. (Calif. App. 1924.) Although a national bank has right to take conveyance of land to secure a pre-existing debt, land so obtained may not be retained as an investment, and a lease of land by bank is wholly invalid, under Revised Statutes of the United States, sections 5133, 5137 (U. S. Comp. St., sees. 9658, 9674). (Standard Livestock Company v. Bank of California National Association, 227 Pac. Rep. 962.) National banks can exercise only powers expressly granted and incidental powers. (Calif. App. 1924.) National banks can rightfully exercise only powers expressly granted by Revised Statutes of the United States, section 5133 et seq. (U. S. Comp. St., sec. 9658 et seq.), or such incidental powers as are necessary to carry on national bank business. (Ib.) Ultra vires contract can not be enforced against national bank. (Calif. App. 1924.) Ultra vires contract can not be enforced against a national bank, such as warranty of quiet enjoyment in lease of land held as security by bank. (Ib.) Frauds, statute of—Assistant cashier must have written authority to bi?id bank by signing lease. (Calif. Sup. 1924.) Assistant cashier of a bank had no authority to bind bank by making lease in his own name as lessor in absence of written authority, and bank can not be held as undisclosed principal in view of Code Civil Procedure, sections 1967, 1971, 1973. (Standard Livestock Company v. Bank of California National Association, 227 Pac. Rep. 962.) WHEN NATIONAL BANK MAY TAKE MORTGAGE Assignment of real-estate mortgage to bank, incompetent by charter to take title to real estate, is only voidable; assignment of real-estate mortgage to bank, incompetent by charter to take title to real estate, is valid until assailed in direct proceeding by sovereign. (Okla. Sup. 1924.) When a bank is incompetent by its charter to take a title to real estate, an assignment to it of a real-estate mortgage is not void, under section 5137 of the Revised Statutes of the United States (U. S. Comp- St., sec. 9674), but only voidable. It is valid until assailed in a direct proceeding instituted for that purpose by the sovereign. (Melton et al. v. First Nat. Bank of Miami et al., 233 Pac. Rep. 441.) POWER TO ACT AS EXECUTOR OR TRUSTEE Right of national bank to act as executor under Federal reserve act. (U. S. Sup. 1924.) The act of September 26, 1918, chapter 177, section 2, 40 Statutes, 967, amending section 11 (k) of the Federal reserve act, authorizes a national bank haying the permit of the Federal Reserve Board to act as executor if trust companies competing with it have that power by the law of the State in which the bank is located, whether the exercise of such power by the national bank is contrary to the State law or not. (State of Missouri at the relation of the Burns National Bank of St. Joseph v. Duncan, Judge of the Probate Court of Buchanan County, Mo., 265 U. S. R. 17.) Power of Congress to grant accessory functions to national banks. (U. S. Sup. 1924.) The power of Congress to grant such accessory functions to national banks, to sustain them in the competition of the banking business, can not be controlled by State laws. (First National Bank v. Fellows, 244 U. S. 416.) The authority given by the act is independent of regulations adopted by the State to secure the trust funds in the hands of its trust companies. 302 Mo. 130, reversed. (Ib.) 180 REPORT OF THE COMPTROLLER OF THE CURRENCY Executors and administrators—-National bank converted from trust company named as executor not entitled to issuance of letters testamentary. (Mass. Sup. 1924.) A national bank is not entitled to issuance of letters testamentary to it as person named as executor in will where testator named a State trust company which thereafter became converted into a national bank, and still later effected a consolidation with petitioner under General Laws, chapter 172, section 52; chapter 192, section 4; act Congress September 26, 1918, section 2; amending Federal reserve act, section 11 (k) (U. S. Compt. St. Ann. Supp. 1919, sec. 9794), Revised Statutes of United States, section 5154 (U. S. Comp. St., sec. 9694); act November 7, 1918 (U. S. Compt. St. Ann. Supp. 1919, sees. 9696a, 9696b), whether or not national bank into which trust company was converted was granted special permit to act as executor. (Petition of Common wealth-Atlantic Nat. Bank of Boston; petition of First Nat. Bank of Boston. In re Babbidge's Estate, 144 N. E. Rep. 443.) No authority from State necessary to enable bank to change to national bank. (Mass. Sup. 1924.) No authority from the State was necessary to enable State bank or trust company to change into a national bank, power conferred by Revised Statutes of United States, section 5154 (U. S. Comp. St., sec. 9694), being ample. (Ib.) Executors and administrators—Designation as executor not property or asset passing when trust company converted into national bank and consolidated. (Mass. Sup. 1924.) Naming of trust company as executor in will was not a thing which, under Revised Statutes of United States, section 5154, as amended by act December 23, 1913, section 8 (U. S. Comp. St., sec. 9694); act Congress November 7, 1918, section 2 (U. S. Comp. St. Ann. Supp. 1919, sec. 9696b), passed as property or an asset when trust company was converted into national bank, or when that bank was consolidated into another national bank; designation as executor not conferring any property right. (Ib.) Courts—Final determination of constitutional validity of congressional action is in . Federal Supreme Court. (R. I. Sup. 1924.) The final determination of the constitutional validity of congressional action is in the Federal Supreme Court. (Carpenter, Atty. Gen., v. Aquidneck Nat. Bank, 125 Atl. Rep. 358.) National bank authorized to act as trustee where competing trust companies have right to so act. (R. I. Sup. 1924.) Under Federal reserve act, December 23, 1913, section 11, subsection k, as amended by act of Congress, September 26, 1918, section 2 (U. S. Comp. St. Ann. Supp. 1919, sec. 9794), a national bank authorized by Federal Reserve Board to act as a trustee, executor, administrator, or in other fiduciary capacity has a right to so act in view of similar right of trust companies under General Laws, 1923, sections 3990-3999. (Ib.) SHAREHOLDERS ASSESSMENTS • Shareholder's payment to receiver of national bank to enable bank to resume business • held no defense in action to enforce assessment (TJ. S. C C. A. 1924.) In suit by receiver appointed by Comptroller of Currency under act June 30, 1876, and act May 15, 1916 (Comp. St., sec. 9821), against shareholder to enforce payment of assessment under act December 23, 1913 (Comp. St., sec. 9689), payment by shareholder of an amount to enable bank to resume business, after appointment of receiver, in reliance on representations by receiver made with acquiescence of comptroller that payment would discharge liability of shareholder, held no defense. * (Huff v. Page, Huff et al. v. same, 2 Fed. Rep. 2d series, 544.) Banking officer of State may sue anywhere to enforce assessment on stockholders of insolvent bank. (U. S. C. C. A. 1925.) The banking officer of a State is the statutory successor of an insolvent State bank, and may sue in any State to enforce assessment on stockholders. (Gile v. Duke, Supervisor of Banking of Washington, et al.; Jenks v, same. 5 Fed. Rep. 2d series, 952.) REPORT OF THE COMPTROLLER OF THE CUKEEKCY 181 Determination of banking officer of State of necessity of assessment conclusive. (U. S. C. C, A. 1925.) Determination of the banking officer of a State that an assessment on stockholders of a State bank is necessary is conclusive on the courts and can not be controverted by stockholders sued on the assessment. (Ib.) Appeal and error—Successors in office pending appeal may be substituted as parties. (U. S. C. C. A. 1925.) Where plaintiffs sued as banking officers of the State to enforce assessment on stockholder, and pending his appeal their offices were abolished, and the powers and duties thereof vested in other officers, they may be substituted. (Ib.) Evidence held insufficient to prove fraud inducing purchase of bank stock. (U. S. D. C 1924.) In action under Federal reserve act December 23, 1913, section 23 (Comp. St., sec. 9689) and Revised Statutes section 5220 (Comp. St., sec. 9806), to enforce shareholders' liability, by bank's officers and directors as bank's creditors, who had guaranteed bank's indebtedness to other bank, testimony held insufficient to prove fraud inducing purchase of stock. (Taylor v. American Nat. Bank of Wichita Falls, Tex., et al., 2 Fed. Rep., 2d series, 479.) Purchaser of stock subject to stockholders' liability, notwithstanding fraud inducing purchase of slock. (U. S. D. C. 1924.) Subscription of stock in national bank, obtained by false representations, is not void, but only voidable, and shareholder, who permits name to be shown on books of bank as shareholder, is subject to stockholders' liability under Federal reserve act December 23, 1913, section 23 (Comp. St., sec. 9689), and Revised Statutes, section 5220 (Comp. St., sec. 9806). (Ib.) Stockholders in national bank, being sued for stockholders9 liability, can not bring cross-action. (U. S. D. C. 1924.) In action against stockholders in national bank to enforce stockholders' liability under Federal reserve act December 23, 1913, section 23 (Comp. St., s*ec. 9689), and Revised Statutes, section 5220 (Comp. St., sec. 9806), by a plaintiff who appears as trustee for bank's creditors, cross-action by stockholders is not permitted. (Ib.) Stockholders' liability available to guarantors of bank's indebtedness to other bank. (U. S. D. C. 1924.) Liability of stockholders of national bank held available to guarantors of bank's indebtedness to other bank. (Ib.) Levy of assessment does not absolve shareholders from suit at instance of creditors. (U. S. D. C. 1924.) That comptroller had previously levied assessment on shareholders of national bank did not absolve shareholders from suit to enforce stockholders' liability, at instance of creditors, tinder Federal reserve act, December 23, 1913, section 23 (Comp. St., sec. 9689), and Revised Statutes, section 5220 (Comp. St., sec. 9806.) (Ib.) Married woman, holding stock in national bank, liable for assessments. (U. S. D. C. 1924.) Married woman, who held stock in national bank in her own right, under State law entitling her to so do, was liable for assessments in creditor's action, under Federal reserve act, December 23, 1913, section 23 (Comp. St., sec. 9689), and Revised Statutes, section 5220 (Comp. St., sec. 9806). (Ib.) One who ivas shown as shareholder on books of bank, and who voted stock, held liable in creditor's action to enforce stockholder's liability. (TJ. S. D. C. 1924.) One in whose name stock stood on books of national bank, who participated in stockholders* meetings on several occasions, and voted stock, and who was shown on bank's books as stockholders, and who voted stock when indebtedness was contracted, held liable in creditor's action to enforce stockholders' liability, under Federal reserve act, December 23r 1913, section 23 (Comp. Stv, sec. 9689), and Revised Statutes, section 5220 (Comp. St., sec. 9806), though a pledgee. (Ib.) National bank's settlement with debtor, who was stockholder, did not preclude enforcement of stockholder's liability against other stockholders. (U. S. D. C. 1924.) Settlement of national bank's claim against former stockholder for substantial sum did not preclude enforcement of stockholder's liability against all the stockholders in creditor's action under Federal reserve act, December 23, 1913, section 23 (Comp. St., sec. 9689), and Revised Statutes, section 5220 (Comp. St., sec. 9806). (Ib.) 182 BEPORT OF THE COMPTROLLER OF THE CURRENCY Liability of stockholder of national bank for assessment slated. (U. S. D. C. 1925.) Under Federal reserve act, section 23 (Comp. St., sec. 9689), providing that stockholders in a national bank, who transfer their stock within 60 days prior to its failure, shall be liable "to the same extent as if they had made no such transfer, to the extent that the subsequent transferee fails to meet such liability," the liability of the transferror is primary, and it is not necessary to its enforcement that legal proceedings should first be taken against the transferee. (Karraker v. Ernest, 4 Fed. Rep., 2d series, 404.) Guaranty—An absolute guarantor is liable immediately on failure of principal debtor to perform his contract. (U. S. D. C. 1925.) An absolute guarantor is liable immediately on the failure of the principal debtor to perform his contract, without preceding legal proceedings against the principal debtor. (Ib.) WAREHOUSE Under Canadian statute, innocent purchaser for value of warehouse receipts held to have title to goods as against pledgee bank. (U. S. D. C. 1924.) Bank act Canada, 3-4 George V, chapter 9, sections 88, 89, does not vest in bank fee title to goods pledged with it to secure loan, and on pledgor's removal of such goods to United States with bank's consent, innocent purchasers of warehouse receipts for value obtained title thereto. (Standard Bank of Canada v. Lowman et al., 1 Fed. Rep., 2d series, 935.) Warehousemen—Cases of canned salmon held "fungible" goods, and warehouse receipts for specified number of cases out of larger mass were valid. (U. S. D. C. 1924.) Under Rem. Compiled Statutes, Washington, 1921, section 3644, cases of canned salmon are fungible goods, each unit of which is equal to others, and under section 3609 warehouse receipts for specific number of cases out of larger mass is valid. (Ib.) Warehousemen—Requisities of warehouse receipts stated. (U. S. D. C. 1924.) Under Rem. Compiled Statutes, Washington, 1921, section 3588, warehouse receipt need not be of particular form, but must show location of warehouse, date of issue, consecutive number of receipt, whether goods shall be delivered to bearer, or named person, or his order, rate of storage charges, description of goods or package containing them, signature of warehouse, warehouseman's interest, if any, statement of advances or incurred liability, etc. (Ib.) Warehousemen—Under holders for "value." Washington statutes, pledgee of warehouse receipts held (U. S. D. C. 1924.) Where salmon pledged to secure loan by Canadian bank were, with bank's consent, snipped to United States by pledgor under bill of lading not containing words " nonnegotiable," bill was negotiable under Rem. Compiled Statutes, Washington, 1921, section 3657, and subsequent pledgees of warehouse receipts were innocent holders for value; "value" being anything that will support simple contract. (Ib.) Canadian pledgee, by intrusting goods to pledgor for shipment to United States, represented that title was in pledgor. (U. S. D. C. 1924.) Canadian bank by intrusting pledgor of salmon securing loan with salmon for shipment to United States, represented that title was in pledgor, and pledgor's negotiation of warehouse receipts to purchaser for value without notice precludes bank from questioning purchaser's title, irrespective of Canadian Bank Act. (Ib.) Under Canadian statutes, pledgee of goods to secure loan had "security title," and pledgor had "residue ownership title." (U. S. D. C. 1924.) Under bank act Canada, 3-4 George V, chapter 9, sections 88, 89, where salmon was pledged to bank to secure loan, bank had "security title," which did not have any extraterritorial force as against innocent purchasers for value in foreign jurisdiction, and pledgor had "residue ownership title," and bank having consented to removal of salmon to State of Washington, property was thereby submitted to law of that jurisdiction. (Ib.) 183 REPORT OF THE COMPTROLLER OF THE CURRENCY TABLE NO. 1.—Comptrollers and Deputy Comptrollers of the Currency, dates of appointment and resignation, and States whence appointed Date of appointment Name No. Date of •esignation State COMPTROLLERS OF THE CURRENCY MeCulloch, Hugh Clarke, Freeman... Hulburd, Hiland R Knox, John Jay—Cannon, Henry W Trenholm, William L._ Lacey, Edward S. Hepburn, A. Barton Eckels, James H Dawes, Charles G___ Ridgely, William Barret Murray, Lawrence O Williams, John Skelton Crissinger, D. R Dawes, Henry M . . . Mclntosh, Joseph W ---1— _ ...- May Mar. Feb. Apr. May Apr. May Aug. Apr. Jan. Oct. Apr. Feb. Mar. May Dec. 9,1863 Mar. 8,1865 21,1865 July 24,1866 1,1867 Apr. 3,1872 25,1872 Apr. 30,1884 12,1884 Mar. 1,1886 20,1886 Apr. 30,1889 1,1889 June 30.1892 2,1892 Apr. 25.1893 26,1893 Dec. 31,1897 1,1898 Sept, 30,1901 1,1901 Mar. 28,1908 28,1908 i Apr. 27,1913 2,1914 Mar. 2,1921 17,1921 Apr. 30.1923 1,1923 Dec. 17.1924 20,1924 Indiana. New York. Ohio. Minnesota. Do. South Carolina. Michigan. New York. Illinois. Do. Do. New York Virginia. Ohio. Illinois. Do. DEPUTY COMPTROLLERS OF THE CURRENCY Howard, Samuel T Hulburd, Hiland R Knox, John Jay Langworthy, John S Snyder, V. P Abrahams, J. D Nixon, R. M Tucker, Oliver P Coffin, George M Murray, Lawrence O Kane, Thomas P _ Fowler, Willis J Mclntosh, Joseph W Collins, Charles W Stearns, E. W.._. 1 Aug. Jan. Apr. Jan. Jan. May Mar. Mar. Apr. June Mar. New York. Ohio. Minnesota. New York. Do. Virginia. Indiana. Kentucky. South Carolina. 27,1899 New York. 2,1923 District of Columbia. July 1,1908 Indiana. May 21,1923 Dec. 19,1924 Illinois. July 1,1923 Do. Jan. 6,1925 Virginia. May Aug. Mar. Aug. Jan. Jan. Aug. Apr. Mar. Sept. June 9.1863 1,1865 12,1867 8,1872 5,1886 27,1887 11,1890 7,1893 12,1896 1,1898 29,1899 Term expired. 11,1865 31,1867 24,1872 3.1886 3.1887 25,1890 16,1893 11,1896 2 Died Mar. 2, 1923. TABLE NO. 2.—Names and compensation of officers and clerks in the office of the Comptroller of the Currency October 31, 1925 Designation Name Quinn, Edmund F Herndon, John G_ Gross, Clyde E_ Yeatman, John P Schreiner, Edmund E . _. Burton, Russell O A very, Antoinette Davenport, William S . . . Thompson, George. Kane, William A Fuller, Jane L . . . Wanamaker, William H . Frye, Ruby M Reese, William H Bock, Carl Johnston, Edna E Ellis, Harrie B Pennock, Carrie L Poultney, William W_ _.. Sithens, Charles H Verrill, Harry M Wilson, Gordon K Bulger, John C Lovelly, Laura F Lewis, John O Marble, George R O'Mara, Vera L Spencer, Norma H WTilcox, Ephraim S 67746°—26f A dministratiye officer Senior administrative assistant.. Administrative assistant doJunior administrative assistantdo do._ ..do. ..do. ..doPrincipal clerk. do _. do ..do. _do. _doSenior clerk, do...... do .do. Senior clerk-stenographer. do_ Clerk. Head operator, office devices. Clerk.: do. Clerk-stenographer. Clerk. do -13 Salary $4,400 3,300 3,00® 3,00@ 3,000 3,00G 2,80© 2,70Q 2,50§ 2,500 2,50© 2,400 2,400 2,40® 2,4m 2,30§ 2,300 2,300 2,100 2,100 2,100 2,100 2,040 2,040 2,048 2,040 2,046 2,040 2,040 184 REPORT OF THE COMPTROLLER OF THE CURRENCY TABLE NO. 2.—Names and compensation of officers and clerks in the office of the Comptroller of the Currency October 31, 1925—Continued Name Hanlon, Margaret T Herndon, John W Tucker, Samuel M Whelan, Marjorie B Allred, Nell H Bentley, Thomas B O'Brien, May F._ Friedrichs, Minna K___ Hunt, Hermon Jones, Margaret E Jump, Mollie C Moyer, Alta T Murphy, Desmond F__. Pumphrey, Carrie B _. _ Reed, Samuel E Davies, Frances S Murphy, Maud V Kestler, Mabel F Andrews, Etta F Baldwin, Wallace N Beall, Clara M Buckley, Regina C Burlingarne, Delia J Deal, Jessie F Erickson, Bertha V Haley, John R Heizer, Nannie B Hewson, Ella Hiileary, Rua Jamieson, William G— Johns, Francis W Jorgenson, John A Kelly, George™, Lavoie, Raymond E Lowell, Harriet P Mortimer, Mary H - - —. Mannerlyn, Joseph A—. Murx>hy, Clara M McBride, Olga Mae Nolan, Lida A . . Schiller. Ernestine H — Smith, Helen M Griffiths, Dolly S Walker, Johanna Su Young, Grace E Heizer, Helen V Trumbull, Annette Crocker, Henry A. D . Nichols, Sada C Wigginton,.Norval P . . . Barry, Gertrude I Bates, Mary E . Chisnolm, Elizabeth.-.. Clagett, Dorothy L Bailey, William Elmore, Annie L Magruder,. Edith P Mallet, Katberine H_._ Mueller, Pauline MeCrone, Clara G'B— Stewart, Walter H Taylor, Mathilda S Wilson, Mildred C Tylor, Gertrude I Ogden, Nellie M Chiles, Charles R Phillips, L e n a B . Weeks, Katherine Anderson, Gunbilde C . Bales, Anna S BeH, Juliet P Bullis, Sadie C CoHburn, Nellie A C ook, George M _. Dillaxd, John Dodge, Victor H Frock, Annie C Gleason, Josephine Baymon, N. Mabel Hopkins, Edna I__...... Moncure, Frances W_._: McKinney, Elva L Designation Senior clerk Senior clerk-stenographer_ do. Clerk-stenographer .. Assistant clerk-stenographer.. Senior operator, office devices. Assistant clerk..,..', ,-,-..do Clerk. do Clerk-stenographer, do. doClerk. _ ... Senior stenographer _ Clerk. Assistant clerk-stenographer_ Junior clerk.. Senior typist „___. Senior operator, office devices. Junior clerk..._, _do_. Senior operator, office devices. Junior clerk ..____, do_. .-..do. Clerk . Junior operator, office devices... Clerk-sfeenographer Junior clerk d Clerk-stenographer Junior clerk Assistant clerk-atenographer. Junior clerk..do Clerk. Junior clerk Assistant clerk Junior clerk-typist _ Senior stenographer Senior operator, ©Sic© devices _ Junior clerk. Assistant clerk Senior stenographer Assistant clerk doSenior stenographer. Junior clerk Under clerk. Junior clerk Junior stenographer. _ _. _ _ Assistant clerk Underclerk. Junior clerk... Junior operator, office devices . Junior clerk. __ do.. Junior operator, office devicesJunior clerk Assistant clerk Junior stenographer do.. UnderclerkSenior operator, office devices. Assistant clerk Underclerk. Junior clerk Underclerk.. do Junior clerk. Underclerk-. do.. Junior stenographer. Underclerk Junior clerk .da.. .do,. .do.. .do.. Salary $2; 000 2,000 2,000 2,000 1,860 1,860 1,860 1,860 1,860 1,860 1,860 1,860 1,860 1,860 1,860 1,860 1,800 1,740 1,680 1,680 1,680 1,680 1,680 1,680 1,680 1,680 1,680 1,680 1,680 1,680 1,680 1,680 l s 680 1,680 1,680 1,680 1,680 1,680 1,680 1,680 1,680 1,680 1, 68a 1,680 1,680 1,620 1,620 1,560 1,560 1,560 1,500 I, SQft 1,500 1,509. 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1, 500. 1,500 1,500 1, 500 1,500 1,440, 1,440 1,440 1,440 1,440 1,440 1,440 1,440 1,440 1, 440 1,440 1,440 1,440 1,440 185 BEPOET OF THE COMPTROLLER OF THE GUBBEXGY NO. 2.—Names and compensation of officers and clerks in the office of tlie Comptroller of the Currency October 31, 1925—Continued Designation Name Parsons, Edith N Tschiffely, Lacey B. R Wood, Kathleen Yarborough, Eva M Marks, Gra<3e J Brumbaugh, Delia L. Gurtin, Anna E Remether, Eva C Koontz, Clara E Watts, Metta F Smith, Charles AChamberlain, Robert J Chapman, Mae Davidson, Julia. Easterday, William A Hueter, Marion R Keim, Charles G G'Donnell, Josephine A Qiiaekenbush,, Dorothy yS Ratisch,, t icile-Mi.__. lMi ce H l Hessler, Grace E Dickson, Martha L Brown, Edith L_. _ Burke, Madeline V__ Dillon, Minnie L Dowden, Eleanor C Du Rant, Anna K____ Dutrow, Mary H _ Duvall, Grace N Harleston, Catherine A Kellam, Margaret M Kermett, Edna Miller, Bellum Pennock, Emily E_ Reese, Aline;. Roberts, VictoriaSettle, May C. W_ Sheward, Adelaide H White, Grace M Wolfe, Alice M Zoll,.Theresa. Shelby, Magnus J. Braxtoa, Henry. Simms, Harry E Blount, Silas A __ Cover, Thomas A Mann, Harry G. Carroll, John I_ Hall, James Taylor, John H Whiteman, Edgar Holland, Thomas. _ Minis, Alvin E Blount, Joseph T__ Mundle, James F Ledbetterj Thomas J__ Taylor, Mary F_. Powell, Queen Salary Junior typist Junior clerk Underclerk Junior clerk _ do. __ do do Junior operator, office devices. Junior clerk do do... do Junior operator, office devices _ Junior clerk Undermechanie Junior operator, office devices _ Junior clerk _do__ Junior stenographer. do.. _.. do. _. Underclerk. do _ do .....do do Underclerk do. do. do do. do do. do. do. s_ ._ _ _ _. _ _ Under clerk-typist Underclerk do. do.. ___» Messenger, CU 3-1 do. . ....do. do. do. do... do—.: .._ do; dodo do i messenger, CU 1-1 Junior Minor mechanic. Minor domestic attendant. do. _ $1, 440 1, 440 1, 440 1, 440 1, 440 1.380 1,380 1,380 1, 380 1, 380 1,320 A, 320 /1,320 1,320 1,320 1, 320 1,320 1,320 1,320 1,320 1,320 1,320 1,260 1,260 1, 260 1, 260 1,250 1,280 1,280 1,290 1,260 1,260 1,260 1,260 1, 266 1,289 1,260 1,260 1, 260 1,260 1,260 1, 260 1,260 1,260 1,200 1,200 l>200 1,140 1,140 1,14© 1,140 1,080 1,080 1,020 1,029 1,020 366 366 TABLE NO. 3.—Number of national banks organized since February 25, 1868, number passed out of the system, and number in operation October 31, 1925 Under Under Under Under act of Feb. 25,1863. ___ act of June 3, 1864 _ gold currency act of July 12,1870.. act of March 14, I960 _ Total number of national-banks-organized _ _ Number reported in voluntary liquidation Number passed into liquidation upon expiration of corporate existence Number consolidated under act of Nov. 7,1918 ___ Number placed in charge of receivers 1 _ Total number passed out of the system Number now in operation. i Exclusive of those restored to solvency. _ _ 456 7,832 10 4,543 3,493 208 136 886 12,841 .___ 4,723 _ 8,118 186 REPORT OF THE COMPTROLLER OF THE CURRENCY TABLE N O . 4.—Authorized capital stock of national banks on the first day of each month from January 1, 1914, to November 1, 1925, United States bonds and miscellaneous securities (act May 30, 1908) on deposit to secure circulation, circulation secured by bonds on deposit, circulation secured by miscellaneous securities, the amount of lawful money on deposit to redeem circulation^ and national-bank notes outstanding, including notes of national gold banks. [For prior years see annual report 1920] Date Number of banks Authorized capital stock Circulation United secured States bonds by United on deposit States to secure bonds circulation Circulation secured by miscellaneous securities a9i4 January.._ February March April. May June._ July August^ September...October November December 7,509 7,501 7,500 7,500 7,519 7,528 7,539 7,548 7,551 7,561 7,578 7,584 $1,070,139,175 1,069,684,675 1,069,864,675 1,069,969,675 1.069, 706,675 1,075,711,675 1,074, 239,175 1,073, 734,175 1,073,524,175 1,075,684,175 1, 072,492,175 ], 074,074,675 $743,066,500 $740,633,645 741,645,500 736,194,233 741,445,500 736, 509,838 740,603,400 735,445, 281 741,213,210 736,180,040 740,818,360 735,423,425 740, 796,910 735,528,960 740,220,660 735,222,801 870,289, 600 735,851,383 , 089,281, 290 737,109,983 ,109,989,665 739,716, 693 L, 017,177,241 740,500,821 $17, 209,316 17,828, 533 16,658,993 16. 605,018 15,585.726 16,131, 271 15,142,939 15, 684.220 5126, 241, 760 15,447,138 325. 007,900 15,766,893 361,119,940 20,632,278 270,078,236 101,420,019 1915 January February March April. May June JulyAugust September October. November December 7,593 1,074,382,175 7,603 1,074,959,175 7,610 1,076,434,175 7,606 1,075,359,175 7,612 1,075,186,175 7,613 1,077,436,175 7,614 1,076,301,175 7,613 1,076,421,175 7,623 1,077,016,375 7,629 1,078, 566,375 7,632 1,079,321,375 7,632 1, 077,601,375 897,146,922 810,508,055 770,139,524 751,289, 635 742,687,871 738,666,230 736,743,751 735,867, 775 735,698, 808 735,793,393 735,146, 743 731,496, 540 720,332, 713 150,836,692 723,174,853 67,307,165 716,818.068 31,133, 734 718,984,138 15,154, 695 722,193,808 6, 582. 581 725,677,969 2,508,940 725,313,141 719, 561 723, 617,314 185, 245 722,978,831 181, 778 722, 769,381 172,203 722,754,924 171,203 720. 633^61 55,492 Lawful money on deposit to redeem circulation 168,541,616 191,724,115 190,078,639 165,409,147 139,016, 678 112,101,038 93,240,891 80, 798,814 70, 626,198 63, 794, 876 56,991,554 55, 677,100 Total nationalbank notes outstanding $757,842,961 754,022,766 753,168,831 752,050,299 751,765,766 751, 554,696 750,671,899 750,907,021 877, 540,281 1,077,884,776 [,121,468,911 L, 111, 999,076 , 039,711,021 982,206,133 938,030,441 899, 547,980 867,793,067 840,287,947 819,273,593 804,601,373 793,786,807 786,736.460 779,917,681 776,365,653 1916 January _ 7,621 7,609 February 7,607 March 7,593 April 7,587 May 7, 596 June 7,588 July 7,588 August 7,597 September 7,6t)4 October 7,608 November 7,604 December 1,077,501,375 1,074, 111, 375 1,073,831,375 1,072, 838,375 1,071, 025,875 1,070, 713,375 1,070,858.375 1,071,380,875 1,071,870,875 1, 069, 763,375 1,074,853,375 1,076,038,375 730,337,740 724,194,340 715,256,090 706,454, 690 696,750, 590 690,044,040 690,440, 930 689, 774, 660 689,739,180 687,931,240 687,957,990 682,853,740 719,571,758 718,923,490 711,129,418 702, 730,413 693,132,610 686,634,103 686,583,635 685,996,918 683,786, 698 684,409,881 679,650,913 675,006, 203 51, 765,450 771,337,208 47,468, 578 766,392,068 51, 866,895 762,996,313 55, 706,278 758,436,691 60, 622, 296 753,754,906 62,045,070 748,679,173 57, 591,025 744,174,660 54,324, 278 740,321.196 50,707,153 734,493,851 48,900,332 733,310,213 46,418,377 726,069,290 49,199,416 724,205,619 1917 7,597 January 7,593 Febiuary 7,602 March 7,600 April . 7,607 May. 7,616 June 7,635 July 7,641 August 7,661 September October ._ 7,664 7,671 November 7,676 December 1,075, 733,375 1,075,438,375 1,078,037,875 1,078, 577,865 1,083,307,865 1, 085, 662,865 1,087,287,865 1,091,197,865 1,094, 627,865 1,094,952, 865 1,096, 637,865 1,097,270,065 677,315,840 675,415,840 674,992,080 664, 526,370 667, 587,120 669,392, 710 671,333, 060 673,121, 730 677,818,430 678,134,370 679,440, 210 681,565, 810 674,659,613 670, 717,615 671,001, 858 661,371,468 664,245,448 666,344, 773 667, 670,433 670,367,175 674, 514, 656 675,182,077 676, 703,103 678,948, 778 52,165,627 50,540,476 47,118,057 56,191,132 53,245,374 50,241,202 47,749,577 45,416, 747 43,223,059 41,396,305 39, 573,272 38,103,287 726,825,240 721,258,091 718,119,915 717,562,600 717,490,822 716,585,975 715,420,010 715,783,922 717, 737,715 716, 578,382 716,276,375 717,052,065 1918 7,688 1,097, 555. 065 683, 581,260 681,814,981 January 37,397,649 719,212,630 7,687 1, 098,240,065 684, 508, 260 681, 521,546 February 36,311, 669 717,833,215 7,688 1, 095, 700, 065 685, 349,410 680,992, 731 March. 37,047,274 718,040,005 7,696 1,097, 015,065 688, 060, 510 684,667,148 April 36, 252,359 720,919,507 7,703 1.097, 505, 065 688, 969, 710 May 36,189,817 722,288,177 June__ _ 7,707 1.098, 215, 065 691,579,160 687,998, 070 35,989, 575 723,987,645 7,718 1.099, 170, 065 690,384,150 687, 326, 508 July 36, 878. 977 724,205,485 7,730 1,101, 840,065 690,831, 260 687, 577, 695 August 36,150,417 723,728,112 September... 7,745 1,104, 675, 065 682,411,730 680,209,970 44,108, 682 724,318,652 7,764 1,107, 364,065 683, 026, 300 678,465, 863 October 43,467, 307 721,933,170 November... 7,765 1,108,124, 065 684,446,440 679, 637, 575 41, 833, 562 721,471,137 December. _. 7,776 1,110, 761,165 684, 468, 950 676,431,533 40,421,622 716,853,155 * Subsequent to this date, and to December, 1916, miscellaneous securities included with United States bonds. REPORT OF THE COMPTROLLER OF THE CURRENCY 187 TABLE NO. 4.—Authorized capital stock of national banks on the first day of each month from January 1, 1914) to November 1, 1925\ United States bonds and miscellaneous securities (act May 8Q, 1908) on deposit to secure circulation, circulation secured by bonds on deposit, circulation secured by miscellaneous securities, the amount of lawful money on deposit to redeem circulation, and national-bank notes outstanding, including notes of national gold banks—Contd. [For prior years see annual report 1920] Num- Authorized ber of banks capital stock United Circulation Circulation States bonds secured secured on deposit by United by miscelto secure States laneous circulation bonds securities 7,781 7,781 7,777 7,785 7,792 7,803 7,824 7,829 7,860 7,865 7,900 7,916 11,110,936,165 1,108,259,165 1,107,404,165 1,110,104,165 1, 111, 809,165 1,115, 054,165 1,123,819,165 1,135,149,165 1,141,329,165 1,143,299,165 1,155,139,165 1,157,229,165 $684,648,950 683, 004,450 683,342,450 688,183, 250 889,878, 300 691,052,300 692,252, 950 693,343, 210 694,621,710 696, 288,160 695,822, 060 698,196,300 .683, 661,878 680,025,471 679, 799,125 684, 292,440 686,157,475 685,612,243 683,086, 600 686,278, 555 689,235, 005 687,460, 223 687, 666, 753 688,995,580 1920 7,948 1,161,439,165 January 7,955 1,177, 719,165 February March_ _ 7,978 1,184,809,165 8,009 1,195,309,165 April May__ - 8,031 1,217,074,265 8,072 1,223,278,265 June. 1,229,429,765 July.... 8,111 1,242, 084, 765 August 8,130 1,252,519,765 September 8,144 1,255,929, 765 October 8,157 1,273,949,765 November 8,166 1,274,859,765 December 699,357, 550 699,936,250 701,469,450 702, 846,200 704,884,000 706,307,750 707,963,400 709,436,400 711,000,900 711,839, 000 712,066,500 714,888,640 691,689,258 699, 866,398 689, 748,578 691,498,920 692,104.195 686,225; 000 689,327,635 698,099,990 698, 592,128 699,461,435 704, 732,185 706, 600,480 32,649,434 33,241, 792 32,892,677 32,439,832 31,288, 577 31,039,887 29,710,095 28,363, 714 27,403, 924 27, 015,647 27,817,444 27,410,317 724,338, 692 733? 108,190 722,641,255 723,938, 752 723,392, 772 717,264,887 719,037,730 726,463, 704 725,996,052 726,477,082 732,549, 629 734,010, 797 1921 January February March April May June July August September October November December 8,173 8,179 8,185 8,181 8,184 8,179 8,178 8,181 8,187 8,187 8,179 8,188 1,272,464,765 1,272, 670, 565 1.276, 780, 565 1,271, 285, 565 1.277, C75, 565 1, 274, 445, 565 1,276, 720, 565 1,281, 770, 565 1,283,035, 565 1,285,120, 565 1,281,995,565 1,283, 755,565 715,325,440 714,973,190 716,966,190 719,049,440 720,012.440 722,491, 590 722,898,440 723, 675,190 724, 770,490 727, 002,490 727, 512,490 728,351,240 695, 900, 770 689, 592, 883 697, 728, 580 702, 948, 007 69.1, 643, 480 709, 657,145 712, 763, 865 702, 570,407 711, 000, 205 715, 836, 355 716,304. 820 723,023,965 27,376,452 30.061,044 30,065,284 29, 870,477 32.172, 872 30, 936,214 30, 526, 509 29,848, 772 28,148, 669 27,402, 759 26, 984,027 26,283,132 723,277,222 719,653,927 727, 793,864 732, 818,484 723, 816, 362 740, 593,359 743, 290,374 732,419,179 739,148,874 743, 239.114 743, 288, 847 749,307,097 1922 January February Marchl April May June July August September October November December 8,207 8,213 8,217 8,231 8,250 8,263 8,274 8,265 8,265 8,262 8,262 8,264 1,286,265,565 1,288,220, 565 1,296,345,565 1,298, 961, 565 1,303,031,565 1,305, 931,565 1,315,476,565 1,317,271,415 1,316,017,915 1,314,938,715 1,316, 968, 715 1,317,668, 715 728.523,240 729,425,740 729. 702, 240 730,016,940 731, 693,690 733,876, 590 734, 546, 300 735,160, 690 735,460,690 737, 501,940 737,660, 690 739,018,690 724,235, 815 724,480, 758 727,465, 523 727,838,900 729,526,135 730,203,870 732, 585, 640 732,467, 585 733, 623,525 734,465,283 734,520,475 736,065,365 25,932,109 25,130,609 24,569,959 24,840,522 25,096,414 25,696,832 25, 616,387 25,603,977 26,082,024 26, 285, 914 26,158,712 25,433,762 750,167, 924 749, 611,367 752, 035,482 752, 679,422 754, 622, 549 755, 900, 702 758, 202,027 758, 071, 562 759, 705, 549 760, 751,197 760,679,187 761,499,127 1923 January 8,261 February . 8,258 8,260 March_ 8,259 April 8,268 May._ 8,275 June 8,276 July 8,273 August 8.273 September 8,275 October, _. 8,264 November 8,247 December 1,328,558,715 1,321,718,715 1,325,058, 715 1,327, 216, 215 1,330,171,215 1,333,526,215 1,338, 571,215 1.341, 286,215 1.342, 911, 215 1,342, 071,215 1,342,728,715 1,342,473,715 738,257,440 739,329, 840 741, 077, 590 742,879,540 742, 823, 590 744, 034,190 744, 654, 990 744, 848,940 745, 585, 080 746,780,830 746,562,330 746,778,030 735,281,275 734, 541,173 738,423,517 739,984, 523 740,099, 541 742,178,351 719,103, 625 740,986, 663 740, 323,568 742,184,915 743,806.385 743,984,275 26,846,81.2 29, 209, 789 28, 620,187 27,197,981 27,868, 731 27, 829,641 28,336,094 28, 823, 714 28, 621, 244 28,137,092 28, 799. 884 29,450; 769 762,128,087 763, 750,962 767,043,704 767,182, 504 767, 968, 272 770,007,992 747,439, 719 769, 810, 377 768, 944, 812 770,322,007 772, 606, 289 773,435,044 Date 1919 January February March April -__ May . June July August------September October November December Lawful Total money on nationaldeposit to bank notes redeem outstandcirculation - ing $39, 867.332 $723,529,210 41, 903, 027 721,928,498 42,080, 347 721, 879,472 40,194, 752 724,487,192 38, 973, 647 725,131,122 37,152, 677 722, 764.920 36,190, 333 719, 276, 933 34, 629,207 720,907, 762 35,328, 665 724, 563, 670 34, 024,987 721,485, 210 34, 727,572 722,394,325 33,146, 580 722,142,160 REPORT OW THE COMPTROLLER OF THE TABLE N O . 4,—Authorized capital stock of national banks on the first day of each month from January ly 1914, to November 1, 1925y United States bonds and miscellaneous securities (-act May 30, p908) on deposit to secure circulation, circulation secured by bonds on deposit, circulation secured by. miscellaneous securities^ the amount of lawful money on deposit to redeem circulation, and national-bank notes outstanding, including notes of national gold banks-—Contd. [For prior years see annual report 1920] ! Date Num- Authorized ber of banks capital stock 1924 8,234 January February . 8,219 ; March, April. __- s>iss8, J.64: May___ •8,153June. 8* 137 July. 8;-125 August. September.. __ 8yll7 8,109 October November."... 8,108 8,098 December 8,:092' 1925 January. _*__. February March Aprils May:.. June— July... August. September. . . . October , November.. _ 8; 090 8,078 8*068 8,066 8,084 8,103 i8;l!2 8;1_7 .8,115 8,120 8,118 Circulation United secured States bonds by United on deposit States to secure bonds circulation $1,338; 513,715 $746,577,780 $740,521,752 1,336,133,715 747,256,230 742,670,537 1,339,378; 715 748,875,180 743,454,758 1,341, 776,215 749,974,180 745, .171, .676 1; 342, 071,215 750,676,680 745,795,653 1,340,916*215 750,113,430 745,029,518 1,340,141,215 750,858,930 744,953,710 l,342,096;215 746,611,640 740,549,740 1,341,636,215 742,462,390 737", 141,058 • 1,342,606,215 741,239*890 736,557,660 1,335,766,215 739,842,890' 735;602^435 1,334,891,215 737,635,790 733,995,581 1,339,093,715 1,342,563,715 1,356, 043, 715 1,359, 768,715 1,369, 553, 715 1,372,738,715 1; 376,973, 715 1,377,358, 715 1,379, 623, 715 1,381,983,215 1, 381, 978, 215 731,613,630 725,171,780. 666,943,330 665,608,330 666,010,330 665;502,880 665,061,330 665; 227,130 665,810,130 665,542,630 666,185,130 727,175,641 722,092,263 663,324y91I: 661*613,281 ; 661* 397,558 061*293,895 660, 501, 393 660,341,413 662>186;083 661,380,320: 662,538,; 483 Circulation Lawful secured . money on by misceldeposit to laneous redeem securities circulation Total nationalbank notes outstanding $31,045*227 $77-1,566,-979 30,126; 232: 772,796,769 30,964*444 774,419,202 31,162,366 776,334,042 31,611,339 777,406,992 32,460,689 777,490,-127 33,058,069 778; 011,779 36; 537; 849 777; 087, 589 40/052,136 777,193,194 39,269*18# 775,826,844 38,67^,189 774,281,624 40,152,976 774,148,557 772,046,817 769,840,402 763*857,277 755,210,687 747,425,819 739*569*469 733,366,074 726,555,684 723,662>997 717,923,889 713; 802,744 44,87*, 176 47,748yl8& 100,532>366 93,597,406 86,028:281; 78,275,574 72,864*68! 66,214,271 61,476; 914: 56,543,569 51,264*261 NOTE.—Notes redeemed but not assorted not included in circulation outstanding. TABLE NO. 5.—National banks reported in liquidation from November 1, 1921$, to •October 81, 1925, the names, where known, of succeeding banks in cases of sion, with date of liquidation and capital Name and location of bank Stock Growers National Bank of Rawlins, Wyo. (9557)* absorbed by First National Bank of Rawli_s.-_ _ .__._ -_,.._. ._. Farmers National B a n t of Americus, Kans; (10902), absorbed by Americus State Bank, Americus ... -_.„..____ First National Bank of Shelburn, Ind.,. (7513), succeeded by First State Bank ofShelburm.___ _ ...-_ >_ First National Bank of Fullerton, Calif. (5654), absorbed by Pacific-Southwest Trust & Savings Bank, Los Angeles, CaliL .. First National Bank of Lankershim, Calif; (11991), absorbed by California Bank, IJOS Angeles, Calif ___ Peoples National:Bank of Hagerstown, Md» (4856), succeeded by NicodemusNa* tional Bank of Hagerstown _ First National Bank of Reform, Ala. (11233) National Mechanics Bank of Newport News, Va. (11364), absorbed by Schmelz National Bank of Newport News . __._ Farmers National Bank of Shenandoah, Iowa (11588), absorbed by Shenandoah National Bank, Shenandoah. First National Bank of Watts, Calif. (12210). _, Dakota National Bank of Webster, S. Dak. (12374) First National Bank of Oakland, Calif. (2248), absorbed by American Bank of San Francisco, Calif _... American National Bank of Augusta, Kans. (10888), absorbed by First National Bank of Augusta: First National Bank of Shoshoni, Wyo; (7978), succeeded by First State Bank, ShoshoniL.— ,. Date of liquidation Capital 1924 Oct. 28 $75,000 Sept> 29 25,000 Oct. 21 25,000 Nov. 1 100,000 Oct. 25 25; 000 Nov. 1 Nov. 4 100,000 25,000 Nov. 5 100,000 Oct. 2 Oct. 31 Oct. 25 100,000 50,000 25,000 Oct. 11 1,000,000 2s 25,009 Dee. Nov. 29 25,000 189 REPORT OF THE COMPTROLLER OS' THE CTJKEElifGY TABLE N O . 5.—National banks reported in liquidation from November 1, 192^} to October Sly 1925, the names, where known, of succeeding banks in cases of succession, with doie of liquidation and capital-—Continued * Name and location of bank First National Bank of Carbondale, 111. (4904),. absorbed by Carbondale Trust & Savings Bank of Carbondale, which converted into First National Bank in Carbondale (12596) . First National Bank of Centrahorna, Okla. (12116), absorbed by First National Bank in Coalgate, Okla... Westmoreland National Bank of Greensburg, Pa. (4974), absorbed by Merchants Trust Co. of Greensburg _ Merchants National Bank of Harrisburg, Fa. (3713), absorbed by Central Trust Co., Hareisburg First National Bank of Ada, Okla. (5620), succeeded by First National Bank in Ada. Mill Creek National Bank, Mill Creek, Okla. (12188), absorbed by First National Bank of Mill Creek .___ ___ Corn Exchange National Bank of Omaha, Nebr. (9730), absorbed by Omaha National Bank, Omaha._ ___ _ _ Nampa National Bank, Nampa, Idaho (11821) ^succeeded by Nampa State Bank of _ Nampa __ First National Bank of Drumright, Okla. (10595), absorbed by Drumright State Bank, Drumright .._ Merehants: & Planters National Bunk of Porter, Okla. (12394), absorbed by First National Bank of Porter „ —_-... First National Bank of Telluride, Colo. (4417), absorbed by Bank of Telluride Clifton National Bank, Clifton, Tex. (11930), absorved by First Guaranty State Baakcf Clifton... American National Bank of Lewiston, Idaho (11745),; succeeded by American Bank & Trust Co. of. Lewiston.. _ _ Hope National Bank, Hope, Ark, (8594), succeeded by First National Bank of Hope,. First National Bank of Kemp City, P. O. Hendrix, Okla. (12161), absorbed by Farmers & Merchants National B ank of Aclifile*Okla -. _ American National Bank of Boynton, Okla. (12265), succeeded by American State Bank, Boynton Standard National Bank of Washington, D. C. (12139), absorbed by District National!Bank of Washington _ _ First National Bank ©f Fall River, Mass. (256), absorbed by B. M. C. Duri'ee Trust Co., Fall River.... American National Bank of Durant, Okla. (12126), absorbed by Durant National Bank, Durant . _. .__ First National Bank of Hartford^ Ark. (11748), absorbed by Farmers & Miners National'Bank of Hartford __ _._. First National Bank in Bokchito, Okla. (12211), absorbed by Durant National Bank, Durant, Okla First National Bank of Elbert, Colo. (11681), absorbed by Elbert Co. Bank, Elbert.. Security National Bank of Blackwelly Okla. (12040), succeeded by Security State Bank of Blackwell Farmers National Bank of Hollis, Okla. (12237), absorbed by National Bank of Commerce of Hollis . Railroad National Bank of Roseville, Calif. (11992),.absorbed' by Farmers & Merchants Bank of Sacramento, Calif „ Southern National Bank of Memphis, Tenn. (12348), absorbed by Fidelity Bank & Trust Co., Memphis.___ First National Bank of Portland, Conn. (1013), succeeded by Portland Trust Co., Portland Copper National Bank of East Ely, Nev. (5578), absorbed by Ely National Bank,, Ely. Peoples National Bank of Lancaster, Fa. (3650), absorbed by Peoples Trust Co. of Lancaster First National Bank of Thermopolis, Wyo. (5949), succeeded by First National Bank in Thermopolis ^____ American National Bank of Byars, Okla. (11498), absorbed by Byars State Bank, Byars_ Stater National Bank of Comanche, Okla. (11771),succeeded by Security State Bank of Comanche .„_ First National Bank of Camden, Tenn. (8506), absorbed by Commerce Union Bank of Nashville, Tenn, _..__>_ .._ First National Baak of Molt, Mont. (11013), absorbed by Midland"National Bank of Billings, Mont___ First National Bank of Booker, Tex. (11400) absorbed by First State Bank of Booker Western National Bank of Caldwell, Idaho (8225), absorbed by C aid well Commercial Bank, CalciweH _ First National Bank of Luverne, Minn. (3428), succeeded by First and Farmers National Bank in Luverne Farmers National Bank of Luverne, Minn. (7770), succeeded by First and Farmers National Bank in Luverne. — First National Bank of Madisonville, Ohio (8557), absorbed by Union Trust Co. Cincinnati, Ohio Boone National Bank^Boone, Iowa (6838),.absorbed by Boone State Bank, Boone. Date of liquidation 1924 Dec. 9 Dee. Capital $50,000 1 25,000 Dec. 31 100,000 .doDec. 22 100,000 100,000 Dec. 27 25,000 300,000 Dec. 31 100,000 6 50,000 .do.. Dec. 27 Nov. 29 1925 Jan. 10 Jan. 13 1924 Dec. 29 25,000 75,000 Dec. 25,000 100,000 100,000 25,000 Dee. 24 25,000 Oct. 29 1925 Jan. 13 1924 Dec. 27 200,000 400,000 100,000 Nov. 29 1925 Jan. 28 Jan. 15 1924 Dec. 22 1925 Jan. 27 1924 Dec. 23 1925 Feb. 5 100,009 Mar. 21 100,006 Jan. 13 Feb. 32,500 25,000 25,000 25,000 50,000 300,000 75,000 m 200,000 Feb. 21 100,000 1024 Dec. 22 25,000 Dec. 31 1925 Jan. 13 25,000* Jan. 17 1924 Dec. 31 25,000 1925 Mar. 25 100, GOO 50,000 25,000 50,000 -do.. Mar. 26 Mar. 24 50,009 50,000 100,009 190 REPORT OF THE COMPTROLLER OF THE CURRENCY TABLE NO. 5.—National banks reported in liquidation from November 1, 1924, to October 8}, 1925, the names, where known, of succeeding banks in cases of succession, with date of liquidation and capital—Continued Name and location of bank Date of liquidation First National Bank of Creston, Iowa (2586), succeeded by First National Bank in 1925 Creston, Iowa... _ __ _ Mar. 26 Bogata National Bank, Bogata, Tex. (10639), absorbed by First National Bank of Bogata _ _ . Mar. 28 First National Bank of Loco, Okla. (12221), succeeded by First State Bank, Loco.. Feb. 11 Cmnami.nson National Bank of Riverton, N. J. (8484), succeeded by Cinnaminson Bank & Trust Co Apr. 1 Citizens National Bank of Longview, Tex. (6043) absorbed by Commercial Guar1924 anty State Bank of Longview •___ Dec. 31 First National Bank of Firth, Idaho (11198), absorbed by First National Bank of 1925 Blackfoot, Idaho _ Jan. 5 Citizens National Bank of Belington, W. Va. (6618), absorbed by First National Bank of Belington Mar. 28 First National Bank of Walden, Colo. (11248). . _ . , . _ _ Mar. 30 Garfield National Bank of Enid, Okla. (12039), succeeded by Garfield Co. Bank of Enid ..._ Apr. 10 First National Bank of Blackduck, Minn. (9147), succeeded by Farmers State Bank of Blackduck. _ _ Apr. 28 First National Bank of Vinton, Va. (11911), absorbed by Peoples Bank of Vinton.. Apr. 30 First National Bank of Littlefork, Minn. (11863), succeeded by State Bank of Littlefork Apr. 25 Francis National Bank, Francis, Okla. (10454), succeeded by First State Bank of Francis .__ _ Apr. 30 Merchants National Bank of Massillon, Ohio (4286), absorbed by Ohio Banking & Trust Co., Massillon . May 1 First National Bank of Froid, Mont. (11061), absorbed by First State Bank of May 2 Froid First National Bank of Morrill, Nebr. (9653), succeeded by First National Bank Mar. 31 in Morrill First National Bank of El Centro, Calif. (9350), absorbed by Bank of Italy, San Apr. 23 Francisco, Calif _ Enid National Bank, Enid, Okla. (10202), succeeded by Enid Bank & Trust Co., Apr. 13 Enid _. _ -._ First National Bank of Savannah, Mo. (5780), absorbed by First Trust Co. of Apr. 18 Savannah. __. _ _ First National Bank of Fannersburg, Ind. (11035), succeeded by Farmersburg Mar. 1 State Bank, Farmersburg ___•_ First National Bank of Mitchell, Nebr. (7026), succeeded by First National Bank Mar. 31 in Mitchell American National Bank of Santa Ana, Calif. (11869), absorbed by Bank of Italy, Apr. 22 San Francisco, Calif _ _ Farmers & Merchants National Bank of Benton, Ark. (11225), absorbed by Benton May 15 Bank & Trust Co., Benton __ First National Bank of East Conemaugh, P. O. Conemaugh, Pa, (6979), absorbed Jan. 24 by United States Trust Co. of Johnstown, Pa Citizens National Bank of Kingfisher, Okla. (12068), absorbed by Peoples National May 20 Bank of Kingfisher _ _ First National Bank of Fairfax, S. C. (10979), succeeded by National Security May 15 Bank of Fairfax _._ First National Bank of Edmond, Kans. (9160), succeeded by Edmond State Mar. 10 Bank, Edmond. _ _ First National Bank of Arco, Idaho (11794), absorbed by Butte Co. Bank of Arco_. Mar. 9 Fifth National Bank of the City of New York, N . Y. (341), absorbed by ManuMay 28 facturers Trust Co., New York, N. Y _ First National Bank of Blue Jacket, Okla. (10627), absorbed by Blue Jacket State May 14 Bank. ._ _ First National Bank of Clio, S. C. (11153), absorbed by Peoples Saving Bank of June 22 Clio Golden State National Bank of Anaheim, Calif. (11823), absorbed by Bank of June 18 America, Los Angeles, Calif ___ Glenside National Bank, Glenside, Pa. (9668), absorbed by Glenside Bank & June 30 Trust Co., Glenside First National Bank of Scottsblufi, Nebr. (6240), absorbed by Scottsbluff National July 1 Bank, Scottsbluff Farmers & Merchants National Bank of Fullerton, Calif. (9538), absorbed by June 15 Bank of America, Los Angeles, Calif__ Gotham National Bank of New York, N. Y. (9717), absorbed by Manufacturers Trust Co., New York, N. Y . . . May 29 American National Bank of Sayre, Okla. (12486), absorbed by First National Bank Mar. 12 of Sayre --City National Bank of McAlester, Okla. (6406), absorbed by McAlester Trust Co.. June 29 July 6 First National Bank of Payette, Idaho (5906), succeeded by Payette State Bank__ Mount Vernon National Bank, Mount Vernon, Ind. (7786), succeeded by Mount June 30 Vernon National Bank & Trust Co Rupert National Bank, Rupert, Idaho (10517), succeeded by Rupert State Bank._. Jan. 31 -Peoples National Bank of Prosperity, S. C. (6994), succeeded by Citizens National July 9 Bank of Prosperity Capital $50,000 50,000 25,000 100,000 100,000 25,000 40,000 25,000 100,000 25,000 50,000 25,000 25,000 500,000 25,000 25,000 200,000 100,000 50,000 25,000 50,000 200,000 25,000 50,000 50,000 50,000 25,000 50,000 1,200,000 25,000 25,000 75,000 125,000 50,000 50,000 1,500,000 25,000 50,000 80,000 50,000 50,000 25,000 REPORT OF THE COMPTROLLER OF THE CURRENCY 191 TABLE N O . 5.—National banks reported in liquidation from November 1, 19&4, to October 31, 1925, the names, where known, of succeeding banks in cases of succession, with date of liquidation and capital—Continued Name and location of bank Exchange National Bank of Kome, Ga. (10303), absorbed by National City Bank of Rome Wabash National Bank of St. Paul, Minn. (11770), liabilities assumed by the Clearing house banks of St. Paul ._ Dayton National Bank, Dayton, Ohio (898), absorbed by City National Bank of Dayton Commercial National Bank of Ogden, Utah (3139), succeeded by Commercial Security Bank of Ogden . National Bank of Methuen, Mass. (1485), succeeded by Methuen National Bank, Methuen — First National Bank of Norristov/n, Pa. (272), absorbed by Montgomery Trust Co. of Norrristown First National Bank of Slick, Okla. (11982), absorbed by Slick National Bank, Slick. First National Bank of Afton, Okla. (10339), absorbed by Farmers State Bank of Afton. First National Bank of Nixon, Tex. (10682), succeeded by Nixon National Bank, Nixon . First National Bank of San Fernando, Calif. ((9575), absorbed by Bank of Italy, San Francisco, Calif Slick National Bank, Slick, Okla. (12388) First National Bank of Fairmount, N. Dak. (6255), absorbed by National Bank of Fairmount _.. Guaranty National Bank of Talequah, Okla. (11485), absorbed by Liberty National Bank of Talequah Clayton National Bank, Clayton, N. Mex. (11136), absorbed by Farmers & Stockmens Bank of Clayton Drovers National Bank of Kansas City, Mo. (9500), succeeded by Drovers National Bank in Kansas City First National Bank of Mussellshell, Mont. (11269), absorbed by Miners & Merchants Bank of Roundup, Mont First National Bank of Watonga, Okla. (5804), absorbed by First Bank and Trust Co., Watonga.__._ First National Bank of Putnam, Okla. (12086), succeeded by First State Bank, Putnam First National Bank of Lahoma, Okla. (9974), succeeded by First Bank of Lahoma. First National Bank of Tecumseh, Okla. (5378), absorbed by Tecumseh National Bank, Tecumseh First National Bank of Laurel, Nebr. (9793), absorbed by Laurel National Bank, Laurel Elston National Bank of Crawfordsville, Ind. (7773), succeeded by Elston Bank & Trust Co., Crawfordsville Blaine County National Bank of Hailey, Idaho (11053), succeeded by First National Bank in Hailey Peoples National Bank of Custer City, Okla. (12185), succeeded by Peoples Bank of Custer City _ First National Bank of Bridgeport, W. Va. (11877), absorbed by Bridgeport Bank, Bridgeport * National Union Bank of Boston, Mass. (985), absorbed by State Street Trust Co., Boston. City National Bank of Watertown, N. Y. (4296), absorbed by Jefferson County National Bank of Watertown _ Total (123 banks) _ Date of liquidation Capital 1925 July 11 $150,000 July 10 200,000 July 13 300,000 July 31 100,000 Aug. 1 100,000 .do.. Feb. 21 200,000 25,000 Aug. 5 25,000 Aug. 11 Aug. 12 Aug. 3 50,000 50,000 25,000 Aug. 28 25,000 Aug. 6 25,000 June 6 25,000 Aug. 25 1,000,000 Feb. 25 25,000 July 21 50,000 Aug. 38 Aug. 27 25,000 25,000 Sept. 22 25,000 Sept. 18 40,000 Oct. 1 100,000 Oct. 22 50,00 Sept. 11 25,000 Oct. 21 50, 000 Oct. 13 1, 000,000 Oct. 31 200,000 14, 467, 500 TABLE NO. 6.—Capital stock, surplus y undivided profits, and aggregate resources of national banks consolidated under ad of November 7, 1918, for the year elided October 31, 1925, as shown by their last reports of condition prior to consolidation Closing banks Charter No. Title and location 8532 The National City Bank of Chicago. 10220 The 876 12313 11718 12632 Central National Bank of Waco. The Merchants National Bank of Newton. The South Side National Bank of Buffalo. The Peoples National Bank of Marion. Metropolitan National Bank & Tr. Co. of the City of New York. 8775 The City National Bank of Altus. 12721 The NorthwestNational Bank of Washington. State 111 Continuing banks UnCharter Capital Surplus divided Aggregate resources No. profits $2,000,000 $100,000 $817, 735 $42,125,222 Tex 500,000 100,000 79,029 4,887,25Q N.J.__ 200,000 200,000 37,500 3, 215,488 N. Y... 300,000 100,000 90,853 6,176,327 70,000 7,500 2,833 365,818 Va 50,000 D. C._. 200,000 0) 5046 200,000 (0 2044 Bank of Charleston. 3949 The American National Colo... 100,000 20,000 5138 The New England Na- Mo.... 1,000,000 505,000 6652 Ohio... Bank of Leadville. 12757 tional Bank of Kansas City. The Woodruff National Bank of Dunkirk. Pacific National Bank in New York. N. Dak. 2317 The Centennial Nation- Pa al Bank of the City of Philadelphia. 25,Q00 16,000 N. Y... 1,000,000 1, 500,000 9631 The Ellendale National Bank, Ellendale. 25,000 10,000 1,322,770 12155 780,346 3746 23,355 18,283,308 12686 8,605 6,990 287,536 216,847 43,778,773 148 267, 295 300,000 700,000 2.18,924 7,970,000 3, 288,500 1, 506, 700 129,949,8,21 Total (15 banks)... i Did not report prior to consolidation. 6839 Okla— 12702 The Exchange National Undivided profits Aggregate resources Date of reports Date of consolidation 1924 1924 Dec. 20 Bank of Newtqn. 25,824 6,318,132 ...do Community Na250,000 150,000 tional Bank of Buffalo. 15, 200 1,197,669 . . d o . . . The Marion National 100,000 100,000 Bank, Marion. T h e C h a t h a m a n d 10,500,000 7,000, 000 2, 318,465 226, 913, 910 . . d o . . . Phoenix National Bank of the. City of New York. 50,000 35,000 15, 477 1,630, 741 — d o — Altus National Bank, Altus. 1925 T h e Riggs N a t i o n a l 2, 500,000 1,250,000 647,443 39,691,153 Apr. 6 Blank of Washington, D. C. 227,408 11, 583,106 The Bank of Charleston 1,000,000 500,000 National Banking Association, Charleston. 3,878 1,091,021 June 30 100,000 20,000 The Carbonate National Bank of Leadville. Apr. 6 New England National 1,000,000 (0 Bank and Tr. Co. in Kansas City. 13, 577 . 391,814 June 30 25,000 The First National Bank of Dunkirk. 4, 516,035 227,821, 735 ...do 5,000,000 5 000,000 The American Exchange f National Bank, New York. 242,622 ...do 25,000 2, 740 10,000 The. Farmers National Bank of Eitendale. The -First National Bank 1,500,000 2,500,000 1,160,584 54, 319, 225 —do...of Philadelphia, 11768 The 10778 3,881 Surplus $1,311, 250 $54, 332,474 Oct. 10 1,000, T h e National B a n k of $2,000,000 $1,000,000 t h e Republic of Chicago. 600,000 200,000 66,855 8,530,551 ..do 2139 T h e FirstNational B a n k of Wa.eo. 37,881 2, 639,166 Dec. 31 925 The Sussex National 200,000 200,000 ,000,000 35,000 Capital 460i N. Y._. 0) Title a n d location 6628 1394 9521 Total (15 banks) _ _ . 24,850,00017,965,000 10> 362,6.17163ft7Q3,319 Dec. 31 1925 Jan. 2 Mar. 2 Mar. 11 Mar. 16 Mar. 21 June 10 June 20 J«ly 13 July 14 July 15 Aug. 1 Aug. 7 Oct. 3 CD to 199 REPORT OF THE COMPTROLLER. OF THE CtTRRENG'E TABLE N O . 7.—National banks consolidated under act of November 7<f 1918, their capital, surplus, undivided profits, and aggregate assets, year ended October SI, 1925 Consoli- Chardater tion No. No. Title and location of bank State 120 4,605 The National Bank of the 111 Tex Republic of Chicago. 121 2,189 The First National Bank of Waco. 122 925 The Sussex and Merchants National Bank of Newton. 123 11,768 Community-South Side Na124 125J10, 778 126<12,155 127 5,046 128 2,044 129 3,746 130 12,-686 131 6,628 132 1,394 133 9,521 134 tional Bank of Buffalo. The Marion National Bank, Marion. Chatham Phenix National Bank and Trust Co., New York. Altus National Bank The Rigfs National Bank of Washington, D. C. The Bank of Charleston National Banking Association, Charleston. The Carbonate American National Bank of Lead* ville. New England National Bank and Trust Co. in Kansas City. The First National Bank of Dunkirk. The American Exchange-Pacific National Bank, New York. The Farmers National Bank of Ellendale. The First National Bank of Philadelphia. Date of consolidation Capital Surplus 1924 Dec. 20 $4,000,000 $1,000,000 Dec. 31 1,000,000 200,000 1925 N.J—. Jan. 2 400,000 400,000 N.Y Mar. 2 550,000 250,000 Mar. 11; 135,000 135,000 Undivided profits Aggregate assets $706,325 $90, 643, 227 100,000 12,194,719 87, 670 5, 760, 590 140,000 12,623, 038 16,858; 1,411,102' Mar. 16 13,500,000 9,000,000 3,537,798 266,774,595 Okla... Mar. 21 D.C_. June 10 Colo — Mo June 20 1,000,000 500,000 July 13 100,000 20,000 July 14 1,000,000 500,000 50,000 10,000 OMo... July 15 N..Y_._ Aug. 1 N. Dak Aug, 7 Pa Oct. Total (15 banks) _ 100,000 25,000 2,500,000 1,250,000 3 90,013! 2,265,928 292,039 40,152,870 263,794 12,189,873 1,703,112 33,018 18,137,301. 638,485 ' 7,500,000 8,500,000 3,726,385 212,496,249. 25,000 25,000 461, 001 1,6 1,950,000 3,250,000 1,584, 520 63, 822,191 33,810,000 25,065,000 10,885,116 741,274,28T TABLE N O . 8.—Number and capital of Slate banks converted into national banking associations in each State and Territory from 1863 to October 81, 1925 State or Territory MaineNew Hampshire Vermont. Massachusetts „_.. Rhode Island Connecticut.. New England States New York New Jersey— Pennsylvania Delaware. Maryland District of Columbia E astern States. Virginia _ West Virginia North Carolina South Carolina._. Georgia.. ____ Florida Alabama «__ _.. Mississippi _ Louisiana. Texas ___ Arkansas Kentucky Tennessee Southern States Number of banks 34 28 22 189 52 65 390 230 49 112 6 36 439 66 33 37 47 28 18 27 16 126 40 40 49 539 Capital State or Territory Ohio. Indiana Illinois MichiganWisconsin L. Minnesota.. Iowa 116,571,510 Missouri 111,481,291 Middle Western States. 9,520,450 32, 274,095 North Dakota 585,010 South Dakota .. 10,249; 372 Nebraska _ _ 1, 080,000 Kansas..-.Montana 165,190; 218 Wyoming 5,912,100 Colorado 2,208,900 New Mexico __-. •_•> 3,511,000 Oklahoma. 4,312; 006 Western States _ 2,937, 000 1,815,060 Washington. _._ 2;760,0GG Oregon,. . 1,290,000 California. ._ 3, 575,000 Idaho 9,452, 500. Nevada __ 2,407,500 Arizona 5,831,9€0 Pacific States-. 4, 515, 000 $4, 605, 000 2, 595, 000 2, 029,.990 71, 691, 200 16,.717,55G 18,932,770 50, 527, 900 United States _„— Number of Capital banks 24 25 39 24 33 106 42 44 337 48 72 78 37 9 34 7 191 559 59 28 108 26 i j I | j 5 ! 227 I 2,491 $2, 890,000 1; 608, 000 4j 130,000 % 820, 000 3,395, GOO 6, 746, 000 i; 935, 000 14,951, 800 38,475, 800 2, 735,0091,650,000 3, .600.006 3,877,000 1,485, 009 320,003 2, 655. 009 400,009 7, 870, 000 24, 592,000 5, .600, 009 1, 651, 090 22, 097, 800 1, 080, GOO 50,000 300.00030, 778, 8 426,136,228 194 REPORT OF THE TABLE COMPTROLLER OF THE N O . 9.—Conversions of State banks and primary organizations as national banks since March 14, 1900, to October SI, 1925 Reorganizations from State and private banks and national banks Conversions of State banks Classification Number Total... Capital Number Primary organizations Number Capital Capital Total Number Capital 857 715 $22,803,300 1,141 124,112, 800 717 $30,222,000 2,545 114,185,000 1,602 $65, 535, 500 4,543 $118,560,800 209,755,000 3,034 448,052,800 1,572 146,916,100 1,858 144,407,000 4,147 275,290, 500 7,577 Capital less than $50,000— Capital $50,000 or over TABLE CURRENCY 566,613,600 N O . 10.—Number of national banks increasing their capital, together with the amount of increase monthly for years ended October 31, since 1921 1921 Months Number November. _December January February March April May June _ July August September-_. October Total Capital Number 1924 1923 1922 Number Capital Capital $985,000 1,580,000 5,605,800 4,575, 000 1,495, 000 5, 700, 000 1, 090, 000 2, 765, 000 1, 760, 000 295,000 1, 510, 000 475, 000 7 $2,690,000 7 425,000 24 3,320,000 25 7,420,000 16 1, 286,000 23 3, 030,000 17 2,055,000 23 4,040, 000 39 6,074,850 21 1,821, 500 12 1, 200, 000 15 1, 665, 000 11 49 57 28 30 22 15 22 29 16 10 13 $880,000 11,165,000 6,835,000 3,605,000 3,870,000 2, 505,000 2, 540,000 2, 700,000 3, 200,000 1,485, 000 1, 045, 000 3,037, 500 259 27,835,800 229 35, 027,350 1302 i 42,867,500 22 22 65 38 23 26 9 16 15 6 10 7 Number 9 12 34 25 24 22 6 11 26 5 9 13 3 196 1925 Capital Number $1, 740,000 1,475, 000 4,100, 000 5,935, 000 3,487, 500 2,115, 000 675,000 485, 000 2,165, 000 410,000 1,040,000 1,325, 000 8 13 21 19 18 22 12 22 26 13 14 15 Capital $590,000 3, 287,500 2,000.000 14, 687, 500 2,950,000 7,220,000 1,465,000 3,570,000 2,185, 000 2,160,000 2,240,000 1,055,000 2 24,952,500 3 203 8 43,410,000 1 Of these cases, 165 were effected wholly or in part b y stock dividends aggregating $24,749,000. 2 Of these cases, 78 were effected wholly or in part b y stock dividends aggregating $7,093,583. » Of these cases, 85 were effected wholly or in part b y stock dividends aggregating $7,680,300. TABLE N O . 11.—Number and authorized capital of national banks chartered and the number and capital stock of banks closed in each year ending October 31, since 1913, with the yearly increase or decrease Closed Chartered Consolidated under act N o v . 7, 1918 Year No. 1914.... 1915.... 1916—. 1917.... 1918 1919.._. 1920.._. 1921.... 1922.... 1923 1924.... 1925.... 144 122 176 164 245 361 169 232 190 135 251 Capital $18,675,000 9,689,500 6, 630, 000 11, 590, 000 13,400, 000 21,780,000 31,077,500 20,005,000 24,890,800 30, 522, 500 21, 375, 000 26, 040, 000 No. Loss to capital In voluntary liquidation No. Capital Insolvent No. Capital N e t 3^early Net yearly increase decrease (exclusive of (exclusive of existing banks existing banks increasing decreasing their capital) their capital) No. Capital 113 $26,487,000 21 $1,810,000 61 14 1,830,000 82 13, 795,000 48 13 135 14, 828,000 805,000 7 1,230,000 107 14, 367,500 62 2 68 16,165,000 250,000 94 1 83 16, 380,000 25,000 135 $2,155,000 26 i $3,220,000 c 84 14, 730,000 205,000 257 14,492, 500 15 i 1,650,000 93 37,075,000 18 24 34 1,870,000 i 850, 000 77 21 1 3, 275,000 103 18,910,000 31 2, 015,000 690,800 19 i 2, 575, 000 121 39, 290,000 53 3,405,000 16 1 1, 255, 000 155 40, 745, 000 138 9, 635, 000 15 i 1, 660, 000 123 14, 467, 500 3 98 6,420, OOi a 15 3,492, 500 No. Capital $9, 622,000 5,935, 500 26 9,003, 000 4,007, 500 3, 015, 000 19, 790,000 3 14,747, 500 174 30, 260,000 1 Amount of capital stock reductions incident to consolidations. 2 Includes 1 bank with capital of $25,000 restored to solvency. There were also 3 banks restored with aggregate capital of $125,000, for which receivers had been appointed prior to Nov. 1,1924. Also includes 1 bank with capital of $200,000 which had been placed in voluntary liquidation by its shareholders during the year 1923. 3 There was an increase of 20 banks, considering the 4 banks restored to solvency and the 1 which was in FRASER voluntary liquidation. for Digitized 195 REPORT OF THE COMPTROLLER. OF THE CURRENCY TABLE NO. 12.—Total number of national banks organized, consolidated under act November 7, 1918, insolvent, in voluntary liquidation, and in operation on October SI, 1925 Consoli- dated Organunder ized act Nov. States Insolvent In liqui- In operadation tion 7,1918 Maine _ New Hampshire Vermont. Massachusetts. Rhode Island Connecticut _____ „ _ .. 113 72 76 344 65 Total New England States New York _. New Jersey Pennsylvania Delaware Maryland District of Columbia Total Eastern States Virginia. West Virginia North Carolina South Carolina. Georgia Florida.. Alabama _. Mississippi Louisiana ... Texas Arkansas Kentucky Tennessee _ Total Southern States 58 64 46 155 17 6 43 62 784 11 34 347 392 51 250 861 18 336 1,107 28 9 10 48 127 30 3 2 3 2,489 37 233 163 126 5 2 2 3 4 542 44 182 10 275 86S 18 41 11 84 13 114 538 1,800 7 6 13 40 31 29 181 124 82 7 16 14 12 2 8 26 76 57 26 88 58 40 103 290 23 660 87 28 39 37 33 119 54 8 227 191 5 2 6 10 2,750 34 163 779 1,774 630 395 696 9 5 2 34 17 24 233 128 166 354 245 504 427 490 265 2 3 6 32 28 13 77 119 111 316 340 135 3, 396 31 175 1,009 2,181 238 1 34 _ 193 343 41 _ 430 189 4 2 . . . 1__ 256 237 _. _ _. - 2 2 Total Alaska and insular possessions___ 128 159 162 43 37 38 136 112 170 42 58 124 46 260 83 1 2 24 38 21 282 31 387 2,438 10 316 740 1,372 197 3 27 54 113 8 12 14 2 23 3 2 3 16 29 Total United States, Alaska, and Insular possessions _ 110 65 139 106 76 709 106 38 _ 16 11 77 73 12 21 57 203 134 452 Alaska The Territory of Hawaii Porto Rico 54 13 22 168 47 2 8 1 Ohio Indiana. . Illinois Michigan Wisconsin.. Minnesota Iowa Missouri. Total Middle Western States Washington Oregon . California Idaho Utah Nevada ArizonaTotal Pacific States.... 5 4 7 16 1 3 165 98 155 67 82 1 012 North Dakota. _ South Dakota _ Nebraska _ Kansas Montana. __ . Wyoming Colorado _ New Mexico Oklahoma Total Western States 1 1 114 112 _ 1 972 13 84 5 12 47 33 134 23 154 99 276 4 7 10 19 27 13 56 20 282 593 1 4 2 6 \ 4 1 12 6 6 3,701 8,118 12,841 136 886 196 REPORT OF THE COMPTROLLER Off THE CURRENCY TABLE NO. 13.-—Changes of corporate title of national banks, year ended October 81, 1935Charter No. 5981 8323 11158 12507 1928 5846 10(51 1199 1006 11074 11P30 2678 11734 390 402 9339 11751 12698 1239 1326 3922 9905 615 12220 12749 3063 6802 10114 11600 9867 9409 12761 1308 6864 9544 6604 10526 12019 11689 12435 11844 8701 11188 11708 Title and loeation Date The First National:Bank of Paul&boro, N. X., to " T h e First National Bank and Trust Company of Paulsboro"---* The First National Bank-of Merchantville, N J., to " T h e First National Bank and Trust Company of Merchantville" The Farmers National Bank of Follett, Tex:, to •" The First-National Bank-of Darrousett," Darrousett, T!ex _ The National Bank of Wadena, Minn., to " T h e First National Bank in Wadena" The Farmers & Mechanics NationaPBank of Georgetown, Washington, D . C , to " T h e Farmers <fe; Mechanics National Bank of Washington," The Suffern National Bank, Suffern, N . Y., to " T h e Suflern National Bank and Trust Company" The Citizens National Bank of Piqua, Ohio, to " The Citizens National Bank & Trust : Company of P i q u a " . -. The First National Bank of Woodfcrury, N . J., to •" The First National Bank and Trust Company of W o o d b u r y " . . __ The Piqua National Bank of Piqua, Ohio, to " The Piqua National Bank and Trust Company" _ w. The First National Bank of Plevna, Mont., to "Baker National Bank," Baker, MontTrie Farmers and Miners National Bank of Hartford, Ark., to "New First National Bank of Hartford" The Third National Bank of Dayton, Ohio, to " T h e Third National Bank and Trust Company of Dayton"— The Woodstown National Bank, Woodstown, N . J., to " T h e Woodstown National Bank & Trust Company" ..'. -. T h e First National Bank of Marquette, Mich., to " T h e First National Bank and Trust Company of Marquette" The First National Bank of Port Chester, N . Y., to " T h e First National Bank and Trust Company of Port Chester".. The First National Bank of Montdair, N . J., to " The First National Bank and Trust Company of Montclair"--. __ _ The Aberdeen-National Bank, Aberdeen, Wash., to " First National Bank in Aberdeen" The Kilgore National Bank of Kilgore, Tex., to " The Kilgore National Bank J1 The Phillipsburg National Bank, Phillipsburg, N . J., to " T h e Phillips-burg National Bank and Trust Company" __ __ T h e Salem National Banking Company, Salem, N . J:, to " T h e Salem-National Bank & Trust Company" _._ The City National Bank of Salem, N . J . , to " T h e City National Bank and Trust Company of Salem" ___ _ _ The Ardmore National Bank, Admore, Pa., to "Ardmore National Bank and Trust Company" _„_ The National Rockland Bank of ROxbury at Boston; Mass., to "National Rockland Bank of Boston" _ _ The Missouri National Bank of St. Louis, Mo., to " The Grand Avenue National Bank of St. Louis" The Hamilton National Bank of the Town of Union, Union C i t y , N . J . , to " T h e Union City National B a n k " . _ The Peoples National Bank of Langhorne, Pa., to " The Peoples National Bank-and Trust Company of Langhorne"___ .... Arcadia National Bank of Newark, N . Y., to "Arcadia National Bank and Trust Company o f N e w a r k " . . The Red Bluff National Bank, Red Bluff, Calif:, to " T h e First National Bank of Red Bluff" The First National Bank of Roberts, Idaho, to " T h e Rigby National Bank," Rigby Idaho.. The National Bank of North Hudson at West Hoboken, N . J., to " T h e National Bank of North Hudson at Union City," N . J _. The Midland National Bank of Minneapolis, Minn., to " Midland National Bank and Trust Company of Minneapolis"The Quinlan National Bank of Quinlan, Tex., to " T h e Quinlan National Bank" The Utica City National Bank, Utica, N . Y., to " Utica National Bank and Trust Corntan; The Commercial National Bank of Los Angeles, Calif., to " T h e Commercial National Trust and Savings Bank of Los Angeles". _ The First National Bank of Town of Union, N . J., to " T h e First'National Bank of Union City," N . J _ T h e Old-Commercial National Bank of Oshkosh, Wis., to-"First National Bank in Osftkosh"., _ _ The; First National Bank of Pearl River, N . Y., to "First National Bank and Trust Company of Pearl River" _ The Peoples National'Bank of Belleville, N . J., to "Peoples National Bank & Trust Company of'Belleville";. _ The Farmers National Bank of South Shore, S. Dak., to " T h e Farmers National Bank of Strandburg," 8. Dak____ _• _ New First National Bank in Burbank, Calif., to " First National Bank in Burbank " Seventh Avenue National Bank of New York, N . Y., to "Seventh National Bank of New York" ___, The Old National Bank of Lima, Ohio, to " The Old National-City Bank of Lima" The Broad Top National Bank of Coaldale, pa,, to " Farmers National Bank of Bedford," Pa __ _ The Scarsdale National Bank, Scarsdale, N . Y., to "Scarsdale National Bank and Trust C o m p a n y " . . __ 1924 Nov. 1 Nov. 10 1925 Jan. 6. Jan. 8 Jan. 14 Jan. 21: Jan. 31 Feb. 2 Feb. 3 Feb. 4~ Feb. 17Mar. 2 Mar. 23 Apr. 9V Apr. 10: Apr. 11 Apr. 14? May 5 May 25 May 26 Do. June 3 June 6' June 8 June 10 June 11 June 25 lJuly 1 Do. July 14: July 17 July 28 Aug. 5 Aug. 19 Aug. 29 Sept. 15: Sept. 17 Sept. 24 Sept. 28 Sept, 29, Oct. 10 Oct. 12 Oct. 21 Oct. 22 REPORT OF THE COMPTROLLER OF THE CURBENCl' 197 TABLE NO. 14.—Changes of title incident to consolidations of national banks, pear ended October 31, 1925 The Merchants National Bank of Newton, N. J. (876), and The Sussex National Bank of Newton (925) consolidated: under the charter of the latter, with title: The Sussex and Merchants National Bank of Newton. The South Side National Bank of Buffalo, N. Y. (12313), and The Community National Bank of Buffalo (11768) consolidated under the charter of the latter, with title: Community-South Side National Bank of Buffalo. The Metropolitan National Bank & Trust Co. of the City of New York, N. Y. (12632), and The Chatham and Phenix National Bank of the City of New York (10778) consolidated under the charter of the latter, with title: Chatham Phenix National Bank arid Trust Co. The American National Bank of Leadville, Colo. (3949), and The Carbonate National Bank of Leadville, (3746) consolidated under the charter of the latter, with title: The Carbonate American National Bank of Leadville. Pacific National Bank in New York, N. Y. (12757), and The American Exchange National Bank, New York (3394), consolidated under the charter of the latter, with title: The American Exchange-Pacific National Bank. TABLE N"O. 15.—National banks chartered during the year ended October 31, 1925 12642 First National Bank of Monroeville.. 12813 First National Bank of Eudora... 12624 12640 12647 12665 12673 1267& 12693 12735 12754 12755 12764 12786 12787 12797 12802 12804 12807 12819 12833 Florence National Bank, Florence First National Bank in San Rafael Beverly National Bank of Beverly Hills New First National Bank in. Oakland _. Graham National Bank, Gxabam-New First National Bank in VisaliaCitizens National Bank of Claremont National Bank of Commerce in Pasadena Commercial National Bank of Bellflower Peoples National Bank of Los Angeles New First National Bank of Fullerton Temple National Bank, Temple American. National of. Santa Monica First National Bank in South Pasadena San Leandro National Bank, San Leandro__National Bank of Hollywood in Los Angeles_ South, Gate National Bank, South. Gate Seaside National Bank of Long Beach First National Bank of Atascadero $50,0(30 ARKANSAS 40,000 CALIFORNIA Total (19 banks) _ 12716 50,000 100,000 100,000 500,000 50, 000 100,000 50,000 200,000 25,000 500, 000 100,000 25,000 100,000 100,000 100, 000 200,000 50,000 300,000 25,000 2,675. 000 First National Bank of Genoa.. 25,800 CONNECTICUT 12594 12637 Citizens National Bank of Putnam Plants ville National Bank, Plantsville. Total (2 banks) 120,000 25,000 145,000 DISTRICT OF COLUMBIA 12721 Northwest National Bank of Washington 1 200,000 FLORIDA 12600 Palm Beach National Bank, Palm Beach... 12623 Alexander National Bank of St. Petersburg. 12751 American National Bank of Sarasota 12841 First National Bank of Boynton Total (4 banks) 50, 000 200,000 100,000 50,000 400,000 GEORGIA 12635 | Carters ville National Bank, Carters ville 1 100,000 With one branch in Washington. Consolidated on June 10, 1925, with The Kiggs National Bank of Washington, D. C , under act Nov. 7,1918. 198 REPORT OF THE COMPTROLLER OF THE CURRENCY TABLE NO. 15.—National banks chartered during the year ended October SI, 1925—Continued 12832 First National Bank in Hailey. 12596 12605 12615 12630 12653 12658 12779 First National Bank in Carbondale.. Roseland National Bank of Chicago,. Guardian National Bank of Chicago. First National Bank of Wilsonville... First National Bank of La Grange.. _ First National Bank of Plymouth First National Bank of Blue Island.. $50,000 100,000 200,000 1,000,000 25,000 100,000 25,000 200,000 Total (7 banks) 1,650,000 INDIANA 12780 Mount Vernon National Bank and Trust Company, Mount Vernon_ 50,000 IOWA 12610 First National Bank in Hamburg.. 12636 First National Bank in Creston 12645 First National Bank of Lake Park _ 12656 Hedrick National Bank, Hedrick__ 50,000 100,000 25,000 40,000 Total (4 banks). 215,000 12694 12740 12791 12821 Hoisington National Bank, Hoisington.. National Bank of Topeka First National Bank of Cunningham First National Bank of Tonganoxie Total (4 banks) 50,000 400,000 25,000 25,000 _ 500,000 KENTUCKY 12649 Lynch National Bank, Lynch. 50,000 MASSACHUSETTS 12800 Methuen National Bank, Methuen ._, 100,000 MICHIGAN 12616 First National Bank of Wyandotte 12657 First National Bank of Royal Oak 12661 First National Bank of L'Anse Creuse_ 12697 Dart National Bank of Mason 12793 First National Bank of Almont 12826 First National Bank of Utica Total (6 banks). 150,000 100,000 50,000 25,000 25,000 25,000 375,000 MINNESOTA National Bank of Grey Eagle. _ First and Farmers National Bank in Luverae.. Total (2 banks). 25,000 100,000 12822 First National Bank in Columbus.. 100,000 12643 12674 12686 12770 12781 12794 12815 12820 Cherokee National Bank of St. Louis Farmers National Bank of Ridgeway New England National Bank and Trust Company in Kansas CityNew First National Bank in Springfield First National Bank in Webster Groves Drovers National Bank in Kansas City First National Bank of Parkville First National Bank of Brookfield 12607 12634 Total (8 banks). 125,000 200,000 25,000 1,000,000 125,000 100,000 600,000 25,000 100,000 2,175,000 REPORT OF THE COMPTROLLER OF THE CURRENCY 199 TABLE NO. 15.—National banks chartered during the year ended, October 1925—Continued 12608 12679 MONTANA National Bank of Lewistown Richland National Bank of Sidney $150,000 25,000 Total (2 banks). 175,00® NEBRASKA 12625 12626 First National Bank in Merrill. First National Bank in Mitchell-.. 25,000 50,000 _•____ Total (2 banks) 75,000 NEW 12598 12603 12604 12606 12609 12617 12618 12621 12631 12646 12660 12663 12675 12690 12706 12726 12732 12749 12750 12771 12806 12823 12828 12829 12830 12834 JERSEY First National Bank of Highland Park First National Bank of Midland Park Forest Hill National Bank of Newark _ Yardville National Bank, Yardville. First National Bank of Glen Rock Atco National Bank, Atco Mount Ephraim National Bank, Mount Ephraim Oaklyn National Bank, Oaklyn South Side National Bank and Trust Company of Newark First National Bank of Hamilton Square First National Bank of Bloomingdale First National Bank of Hawthorne Peoples National Bank of Montclair Clifton National Bank, Clifton First National Bank of Allendale_. Broadway National Bank of Paterson First National Bank of North Bergen Hamilton National Bank of Town of Union 2 Franklin National Bank of Nutley Labor Co-Operative National Bank of Newark Liberty National Bank of Quttenberg Alpha National Bank, Alpha Citizens National Bank of Rahway _ Hamilton National Bank of Weehawken _. First National Bank of SpringfieldAmerican National Bank of Passaic - _. Total (26 banks) 2, 535,000 NEW 12710 MEXICO New First National Bank in Silver City NEW 12592 12593 12601 12632 12659 12705 12746 12757 12773 12785 12788 12810 12811 12818 12825 12836 12837 50,000 25,008 200,006 25,006 60,000 25,009 25,008 50,008 200,008 50,000 50,008 100,009 200,000 100,00® 50,00© 200.008 ioo;ooe 100,008 100,008 250,000 100,008 25,000 100,008 100,008 50,00© 200,000 100,008 YOKK National Bank of Port Byron.. Citizens National Bank of East Northport.. First National Bank of Harrison _ Metropolitan National Bank & Trust Company of the City of New York First National Bank of Great Neck at Great Neck Station Hartsdale National Bank, Hartsdale Chappaqua National Bank, Chappaqua Pacific National Bank in New York • National Bank of Rensselaer Broadway National Bank, Newburgh Peoples National Bank of Patehoguo _ National Bank of Savannah _ First National Bank of Pleasantville East Rockaway National Bank, East Rockaway Fordham National Bank in New York Lyons Falls National Bank, Lyons Falls Bowery National Bank of New York „ Total (17 banks) 25,006 25,00® 25,008 2,000,000 50,000 50,00® 50,000 1,000,000 100,00® 100,006 100,008 25,00§ 75,000 50,000 250,000 25,006 250,000 4,200,006 NORTH CAROLINA 12614 First National Bank of Benson 12633 National Bank of La Grange 12772 National Bank of Snow Hill Total (3 banks) „_ 100,008 25,008 50,008 175,000 J 8 Title changed to "The Union City National Bank." With one branch in New York City. Consolidated on Mar. 16,1925, with Chatham Phenix National Bank & Trust Co., under act Nov. 7, 1918. 4 With 6 branches in New York City. Consolidated on Aug. 1, 1925, with The American Exchange^ Pacific National Bank, under act Nov. 7,1918. 67746°—26f 14 200 BEPOET OF THE COMPTROLLER OF THE CURRENCY TABLE NO, 15.—National hanks chartered during the year ended October 31, 1925—Continued NORTH DAKOTA 12743 12776 12817 Farmers National Bank in Lidgerwood _ _ _ First National Bank in Lidgerweod First National Bank in Valley City $25, 000 25,000 100, 000 Total (3 banks) 150,000 OKLAHOMA 12591 12629 12801 12S12 nm 12613 12655 First National Bank in Ada.. Peoples National Bank of Henryetta National Bank of Commerce at Hugo First National Bank in Diinean First National Bank in Wilson ,_ , Total (5 banks) 100,000 100, 000 50,000 50,009 25,000 325,000 Brotherhood Co-operative National Bank of Portland. Prineville National Bank, Prmeville . Total (2 banks). 200,000 50,000 25.0,000 PENNSYLVANIA 12595 12597 12602 12688 12695 12720 12805 Narberth National Bank, Nar berth First National Bank of Monroeton National Bank of Webrum Hershey National Bank, Hershey Bala-CyB.wy<i National Bank, Bala-Cynwyd. First National Bank of Cassandra. West En4 National Bank oi" Shamokin First National Bank of Yukon,. Total (8 banks). 50,000 25,000 25,000 125,000 50,000 50.000 125,000 30/000 480,000 SOUTH CAROLINA 12668 National Security Bank of Fairfax 5 12702 Exchange National Bank of Charleston _ 12774 Citizens National Bank of Prosperity 12799 First National Bank in Florence Total (4 banks). 25,000 200,000 50,000 100, 000 375,000 SOUTH DAKOTA 12611 First National Bank in Alexandria. _ _ _ . . . 12€20 National Bank of Wessington Springs 12662 Oldham National Bank, Oldham 12777 Onida National Bank, Onida 12784 McCook County National Bank of Salem.. 12338 Security National Bank of Brookings Total (6 banks). 129 First National Bank of Springfield 12780 National Bank of Commerce of Jackson- Total (2 banks) - 50,000 25,000 25,000 25,000 25,000 50,000 200,000 50,000 100,000 150,000 25,000 12S12 First National Bank of Bishop 25,000 22819 First National Bank of Amherst 6©,G0Q 12622 Farmers National Bank in Piano 25,000 12627 First National Bank of Wheeler 25,000 12641 First National Bank of Weslaco 25,000 12648 Fort Bend National Bank of Richmond500,000 12650 Central National Bank in Dallas 150,000 12651 Liberty National Bank of Paris , 25,000 126S2 First National Bank of Oglesby 25,000 12654 First National Bank of R owlett........... * Consolidated on June 20,1925, with The Bank of Charleston National Banking Association u a d e i a c t Nov. 7,1918. BEPOBT OF THE -COMPTROLLER 03? THE CURRENCY 201 TABLE NO. IB.—National banks chartered during the year ended October 31, 1925— Continued Char- ! ter I No. ! Title Capital TEXAS—continued 12664 12666 First National Bank of Alvord First National Bank in Childress _._ State National Bank of Mineral W ells State National Bank of Wills Point Alvord TNational Bank, Alvord City 2\ ational Bank in Cbiidress City National Bank of OIney First National Bank of Clint ,„.. City National Bank of Georgetown,, Como National Bank, Corno__ First National Bank in Lubbock... „ Lubbock National Bank, Lubbock... _ First National Bank of Sylvester...._ _ First National .Bank of Milford . First National Bank of Millsap _ State National Bank of Karnes City First National Bank of W i n d o m . . . Floyd County National Bank of Floydada,,. First National Bank of Handley 6 Kilgore National Bank of Kilgore . State National Bank of B o n h a m . . Farmers & Merchants National Bank of Hamlin.. Farmers National Bank of Italy State National Bank of Marshall Mercantile National Bank in Pallas Tarrant County National Bank of Grapevine First National Bank of Odell Valley View National Bank, Valley View State National Bank of West Farmers National Bank of Thornton City National Bank of Grand Prairie First National Bank of Reagan First National Bank in Clifton First National Bank of Needville First National Bank in Cumby First National Bank of Blackwell First National Bank of Bronte.._ _ _ First National Bank of Josephine First National Bank of Sudan Moran National Bank, Moran _ Citizens National Bank of Denison___ State National Bank of Robstown Farmers-First National Bank of Stephensville Security National Bank of Bowie State National Bank of Terrill _ .City National Bank of Mineral Wells North Texas National Bank in Dallas „__ Citizens National Bank of Marlin Security National Bank of Collinsville ___ First National Bank of Evant First National Bank of Bailey State National Bank of Groom First National Bank of Hale Center , State National Bank of Grand Saline „.,. First National Bank of La Feria.... Security National Bank of Paducah._„__.„„ _ First National Bank of Melvin. , Gouger National Bank of Robstown _ First National Bank of Rosenberg Farmers National Bank of D u b l i n . . , -. First National Bank of Emhouse Citizens National Bak of Lone Oak Quinlan National B ank of Quinlan ? Parker County National Bank of Weatherford-... Citizens National Bank in Kaufman State National Bank of Lamesa..,. State National Bank of Santa Anna._. _ El Paso National Bank, El Paso ---,. Strawn National Bank, Strawn. „_„„..,...-. Citizens National Bank of Commerce..,, Nixon National Bank, Nixon _ Farmers and Merchants National Bank of Celina. First National Bank of Ireland First National Bank of Raymondville,,,, . First National Bank in Brownsville ._. $25,000 60,000 100,000 100,090 SO, 000 100,000 €0,000 25,000 50,000 25,000 200,000 100,000 35,000 25,000 25,000 25,000 40,000 50,000 25,000 25,000 200,000 40,000 40,000 100,000 500,000 50,000 25,000 25,000 50,000 25,000 40,000 25,000 40,000 50,090 50,000 25,000 25,000 30,000 25,000 25,000 100,000 50.000 100, 000 100, 000 200,000 100,000 1,000,000 100, 000 25, 000 25, 000 25,000 25,000 25,000 40, 000 50, 000 50, 000 25,000 50, 000 25,000 50,000 30,000 25, 000 25, 000 125, 000 100,000 60,000 35,000 200,000 50,000 50,000 25,000 25,000 25, 000 50,000 200,009 202 REPORT OF THE COMPTROLLER OF THE CURRENCY TABLE N O . 15.—National banks chartered during the year ended October 81, 1925—Continued Charter No. Title Capital TEXAS—continued First National Bank in Cisco. ; Rochelle National B ank, Rochelle First National Bank of Loveland State National Bank of Lovelady First National Bank in Conroe _ First National Bank of Littlefleld 12831 First National Bank of O'Donnell..... 12835 First National Bank of Lakeview 12840 Harrisburg National Bank, Harrisburg 12795 12796 12798 12803 $50,000 25,000 25,000 25/ 000 50,000 25,000 25,000 25,000 50,000 Total (94 banks) i, 900,000 VIRGINIA 12599 Wythe County National Bank of Wytheville __..-.-.. 50,000 WASHINGTON 12667 Brotherhood Co-Operative National Bank of Tacoma 12704 Grays Harbor National Bank .of Aberdeen._ , Total (2 banks) 200,000 100,000 .... 300,000 WEST "VIRGINIA 12765 Milton National Bank, Milton J2$39 Matoaka National Bank, Matoaka - Total (2 banks) 50,000 25,000 _ 75,000 _ WISCONSIN 12028 12644 Grand and Sixth National Bank of Milwaukee 12814 Peoples National Bank of Hay ward „ 12816 Crandon National Bank, Crandon 200,000 25,000 25,000 200,000 Mechanics National Bank of Milwaukee Total (4 banks) 450,000 =, . ... , WYOMING 12638 First National Bank in Thermopolis 50,000 _ 26,040,000 Total United States (251 banks) TABLE N O . 16.—National banks, by States and geographical divisions, organized, failed, and reported in voluntary liquidation during the year ended October 81, 1925 Failed Organized States Number Massachusetts C onnecticut. Total New England States New York New Jersey Pennsylvania Mar viand District of Columbia.__ Total Eastern States.. Virginia 1 2 Authorized Numcapital ber Capital Voluntary liquidation Assets Number Capital Gross assets $100,000 145,000 3 1 $1,500,000 100,000 $20,947,064 430,058 3 245,000 4 1,600,000 *21,377,122 17 26 8 4, 200,000 2, 535, 000 480, 000 $275,000 l $4,542,432 3 1 6 1 1 2,900,000 100,000 775,000 100,000 200,000 46,674,402 1,423,132 13,463,060 2,093,154 1,271,399 4, 542. 432 12 4, 075, 000 64,925,147 2 2 150, 000 90,000 1,288,570 554,662 1 200,000 52 7, 415,000 1 2 3 50, 000 75,000 175, 000 4 4 275,000 1 50,000 West Virginia ..._ 571, 071 4 155,000 1, 413, 784 North Carolina 1 Includes one bank with capital of $25,000 and assets of $200,732 restored to solvency. 203 REPORT OF THE COMPTROLLER OF THE CURRENCY TABLE N O . 16.—National banks, by States and geographical divisions, organized, failed, and reported in voluntary liquidation during the year ended October 81, 1925— Continued Organized States Number South Carolina Georgia Florida Alabama Mississippi Texas Arkansas Kentucky _. Tennessee Total, Southern States Ohio Indiana Illinois Michigan Wisconsin Minnesota Iowa' Missouri Authorized capital 4 1 4 1 1 94 1 1 2 $375,000 100,000 400,000 50,000 100,000 6,900,000 40,000 50, 000 150,000 115 8, 465, 000 1 7 6 4 2 4 8 50,000 1,650,000 375, 000 450, 000 125, 000 215,000 2,175, 000 32 3 6 2 4 2 1 1 1 5 Failed Number Voluntary liquidation Assets Capital 6 5 1 1 $570, 000 2$4,413,940 4,175, 207 625,000 581, 522 100,000 281,864 100,000 5 2, 008, 960 485, 000 North Dakota South Dakota Nebraska Kansas Montana Wyoming Colorado . . New Mexico Oklahoma __ 3 1 Capital Gross assets $100,000 150,000 $881,337 1,363,246 1 25,000 174,624 5 3 250, 000 157, 500 809,730 1, 203,536 1 80,000 241, 589 2 325, 000 1,966,063 24 2,165, 000 13, 687, 937 19 1, 247, 500 8, 241,658 1 25,000 213,968 3 4 1 850, 000 200,000 50,000 9,650,261 2,445, 744 658,667 2 12 8 1 75, 000 735,000 525,000 25,000 808,095 9,137,061 4,014,679 251, 224 5 3 2 400,000 250, 000 1,050,000. 4, 046, 217 2,478, 922 12,039,378 5,040, 000 24 1, 385, 000 14,425, 027 18 2, 800, 000 31, 319,189 150,000 200,000 75,000 500,000 175,000 50,000 25,000 100,000 325,000 7 9 2 175,000 420,000 125, 000 1, 658, 924 4,440, 783 1, 394, 092 6 1 4 2 9 215,000 50,000 475, 000 250,000 555, 000 948, 788 361, 445 3, 681, 983 1, 371, 252 3, 778, 626 1 1 5 3 3 3 3 1 30 25,000 25,000 465,000 7.5,000 75,000 200,000 125,000 25,000 1,250,000 263,958 108,^77 5,970,979 472,055 439,160 2, 079,892 834,762 133, 455 11, 088, 817 2, 265, 000 17,633, 893 sa; . 2,265,000 21,391,855 10 8 1 1 1, 800, 000 505,000 100,000 75,000 20, 847, 089 3, 711,673 1, 541. 534 370, 278 rr Total Middle Western States Number Total, Western States. 25 1,600,000 40 Washington Oregon ._ California Idaho. Utah Nevada Total, Pacific States.. 2 2 19 1 300, 000 250, 000 2, 675, 000 50,000 1 25,000 268, 578 5 305,000 2, 642,474 24 3, 275, 000 6 330,000 2,911,052 20 2,480, 000 26,470,574 Total, United States.. 251 26, 040, 000 98 6, 420, 000 53, 200, 341 123 14, 467, 500 173, 725, 545 2 Includes one bank with capital of $200,000 and assets of $1,361,347 previously reported in voluntary liquidation. TABLE N O . 17.—Number and classification of national banks chartered monthly during the year ended October 81, 1925 Conversions Number November December January February. March April May June July August September October.__ .__ _. . ... . « Total Capital 1 2 3 1 4 19 29 12 8 3 1 3 $100,000 125,000 2, 085, 000 100,000 625,000 1,915.000 2,030,000 2,100, 000 625,000 105,000 100,000 325,000 86 10,235,000 Reorganizations Number Capital 1 1 4 8 7 $25,000 100,000 600,000 400,000 245,000 2 1 1 100,000 100,000 25,000 25 1,595,000 Primary organizations Number Capital Total Number Capital 12 10 14 13 10 14 10 12 12 7 16 10 $570, 000 1,960, 000 1,150, 000 825,000 690,000 2, 050, 000 1,975, 000 950,000 1, 375, 000 650,000 1, 415, 000 600,000 13 12 18 15 18 41 46 24 22 11 18 13 $670,000 2,085,000 3,260,000 1,025,000 1,915,000 4,365,000 4,250,000 3, 050, 000 2,100, 000 855,000 1,540, 000 925,000 140 14, 210, 000 251 26,040, 000 204 REPORT OF THE COMPTROLLER OF THE CURRENCY No. 18.—Classification of national banks, according to capital slock, June SO, 1925 [In thousands of dollars] CAPITAL STOCK OF LESS THAN $50,000 Cities, States, and Territories Aggregate Aggregate Num- loans and paid-in ber of discounts, resources, capital including banks including rediscounts stock rediscounts; Aggregate deposits OTHER RESERVE CITY Chicago. 296 1,149 $1,160 882 693 4Q3 412 $2,268 1,383 1,371 1,064 1,217 $100 125 75 100 75 COUNTRY BANKS Midue. 'N«w Hampshire.. •Vermont Connecticut Tofal:New England States Isl&w York Mew Jersey iPennsyhrani a., -Delaware ;. Maryland.,.-. Total Eastern States. Virginia .... •W«st Virginia. - Merth Carolina. _ Bou^h Carolina. _ Georgia .-..-. F lod id Alabama Louisiana.. "Texas Arkansas.. Kentucky.. -Tejmessee.. Total Southern States.. Ohio Indiana , Illinois Michigan—. Wisconsin.. Mmaesota. Iowa Missouri.-. _ $1,873 1,423 1, 091 764 1,029 19 3,550 128 51 206 2 22 32,156 17,012 42,259 360 6,248 80,575 34,404 105,-080 803 13, 393 3,295 .1,314 5,320 50 409 98,035 234,255 10, 564 194, 520 43 40 5 10 15 6 25 1 5 191 30 32 23 11,806 10,833 1,131 1,908 1,219 1,13.0 .155 ,260 445 165 .680 25 125 5,350 765 840 12,733 X33©8 1,286 4,708 89 1,023 26,249 5,189 9,542 5,020 17, 081 lfc867 1,490 2,816 4, 297 2,197 7,772 514 1,330 43,268 8,495 15, 301 7,885 426 82,480 129,313 11,779 96,6,24 17,428 14,377 27,947 4,205 7,466 47, 361 2,298 2,105 3,990 520 975 4,929 3,170 1, 017 2,7§6 18, 523 40,090 6,565 11,537 J4,866 3.2,862 8,499 47.5 651 11,462 2,004 .2/81.0 1,763 5,739 1,020 30,i506 6,498 12,681 fi246 6,435 33,914 24,511 50,366 7,879 13, 520 86,814 42,162 11,174 699 152, 218 270, 340 18,964 219, 70S 115 60 59 113 48 10 63 11 244 22, 016 14,679 13,458 19, 684 5,392 1,612 12,422 1, 215 38,057 38,866 24,087 21, 522 35,090 9,946 3,630 20,408 2,233 76,313 2,930 • 1,610 1~~~ 1,265 295 1,720 285 6,325 31,882 20,161 17,t)39 28,332 7,658 2,966 16,169 1,638 63,479 723 128,535 232,095 19,098 189,315 6,205 5,217 10,774 4,011 962 790 397 11,843 10,942 22,302 7,104 1,341 2,104 847 -845 865 1,487 635 100 75 100 10,075 @,172 18,703 S,584 Total Pacific States.. 56,483 4,107 1,919 679 47,075 Total country banks. 930,289 65,012 754,347 Total Middle Western States. North Dakota. South DakotaNebraska Kansas Montana. Wyoming Colorado New Mexico Oklahoma-.-,. Total Western States. 78 144 19 37 187 112 36 Washington. Oregon California.._ •Idaho Utah Nevada Arizona Total United States.. 2,434 931,438 mt EEPORT OF THE COMPTROLLER OF THE CURRENCY 205 TABLE N O . 18,—Classification of national banks, according to capital stock, Jims 80, 1925—Continued [In thousands of dollars] CAPITAL STOCK OF $50,000 BUT LESS THAN $200,000 Aggregate Aggregate Aggregate resources, paid-in capital including stock rediscounts rediscounts Num- loans and ber of discounts, banks including Cities, States, and Territories Aggregate deposits OTHER RESERVE CITIES Dallas-. _Waco -. - Little Rock—„„__,. Chicago „_...,. St. Louis _ Topeka Pueblo . Ogden „ „ ,..-,, . ...— „ „ „„.;. , - - -—, ..»,,.,.,--- Total, all other reserve cities 1 1 1 1 1 2 1 1 2,349 283 422 526 200 692 1,129 868 4,770 733 615 2,272 710 2,385 2,348 1,411 150 100 100 100 181 200 100 100 4,200 458 498 2,077 494 1, 947 1,995 1,104 9 6,469 15, 244 1,031 12, 773 39 43 38 «9 8 25 21. 357 27,161 23, 696 68, 363 3, 476 11,371 50, 821 56, 512^ 49, 510 151,889 7,061 .27, 819 2,670 3,915 3,385 8,677 870 2,245 41,047 41, 642 38,924 122, 240 4, 70S 20, 709 COUNTRY BANKS Maine..-.-._>. New Hampshire , „„Vermont ._ _ „ „ Massachusetts.-,,, ,„-,., .„„,....,...Bhode Island-^. „- __ _„.. Connecticut „ . „ - - __„„„„„».,.,....,.,,.„..,-„......Total New England States isew York N«w Jersey— Pennsylvania Delaware Maryland.^, 242 155, 424 343, 812 21, 762 2G9, 330 280 154 491 13 48 202, 979 130, 980 362, 529 6 126 37,162 482, 095 291,831 791, 997 13, 271 77, 661 23,005 13, 259 40, 589 1,022 3,692 401,412 246, 481 626,41 f> 9 603 63,788 986 739, 785 1,656,855 81,567 1,347,690 _ _. -.*....,- -- -,- 358 43 88 60 67, 530 53, 524 46, 408 26,928 32, 061 27, 403 32, 348 21,408 10. 454 148. 783 20, 928 58, 526 32, 687 97, 645 82, 434 65, 763 38, 571 48,820 . ,.__,.. 101 67 54 44 56 37 57 24 53, 534 38,192 17, 262 252, 297 36, 736 94, 728 49, 639 7, 860 4,986 4.860 3,645 5,170 2,839 4,990 2,300 1,600 26, 937 3,140 7,331 4, 399 71 055 63, 302 47, 358 27, 7Oi 32, 595 58, 445 37,231 ,31, 011 12,854 185. 560 28, 572 71, 577 37. 414 1,008 578, 988 941, 873 80,057 705,278 195 130 282 81 82 108 203 63 116,843 76, 729 176, 379 61, 414 57,126 64, 992 116, 663 29, 530 225,122 136, 65S 328, 764 127, 268 108, 589 126, 370 188, 764 52,042 16, 482 10,918 21,123 6,951 6,505 7,165 13, 650 4,525 170.140 104,442 262, 273 106,840 90, 438 108, 786 150^ 193 39,046 1,144 699,676 1, 293, 577 87,319 1,032,1.58 42 50 97 124 26 19 60 18 123 22,993 29,438 47,696 58, 530 12,965 14, 852 30,650 9,653 56, 266 46, 273 55, 667 80,380 107,854 24,386 27,511 62, 479 16, 552 120,225 2,810 3,245 6,075 8,400 2,070 1,580 4,345 1,200 8,480 39, 728 47,399 63, 728 87,188 20,094 22,911 51,153 13,641 102, 984 559 283, 043 541, 327 38,205 448,824 _ _ . . .__ _ _ Total Eastern States Virginia^. _ , West Virginia North CarolinaSouth Carolina Georgia - _ _. „„,, Florida Alabama MississiORi Louisiana Texas Arkansas Kentucky Tennessee __ „ __ „ _ ,. .. _ „„»..«.« Total Southern States Ohio Indiana Illinois , MiciiiEran Wisconsin Minnesota Iowa, __ _ . __ Missouri ,. , , _ . „ _,„,. . ,„,..,._ ,.„,.„..,.„, Total Middle Western States North Dakota __ South Dakota Nebraska ._ Kansas „.,..,, Montana. _„„.., Wyoming. .,_„ Colorado New Mexico,— Oklahoma...... „_„ „__ _- .. .-,,,. _, ,-..-„ Total*Western States __ -, _-„«__ _- -„—.- m, 252 206 REPOET OF THE COMPTROLLER OF THE CURRENCY TABLE NO. 18.—Classification of national banks, according to capital stocky June SO, 1925—Continued [In thousands of dollars] CAPITAL STOCK OF $50,000 BUT LESS THAN $200,000— Continued Aggregate Num- loans and ber of discounts, banks including rediscounts Cities, States, and Territories Aggregate Aggregate resources, paid-in capital including stock rediscounts Aggregate deposits COUNTKT BANKS—continued Washington _. Oregon California Idaho "Utah . Nevada Arizona _ ._ Total Pacific States .. _ Alaska _ _ Hawaii. . Total nohmernber banks Total country banks Total United States _ _ _ 59 54 154 30 10 5 12 30, 539 28, 518 85,148 17, 539 5,260 4,429 8,845 64, 233 55,767 159, 723 29,913 8,219 7,089 16,841 4,370 4,005 11,898 2,155 700 410 1,000 54,532 45, Ihl 129,804 23,810 6,368 5,882 13,913 324 180, 278 341,785 24,538 280,060 1,291 644 3,603 2,139 200 100 3,196 1,916 4 1 5 1,935 5,742 4,268 2,639,129 5,124, 771 333,748 4,088,461 4,277 2,645, 598 5,140,015 334,779 4,101,234 300 5,112 CAPITAL STOCK OF $200,000 BUT LESS THAN $500,000 CENTRAL RESERVE CITIES New York Chicago ~ _-v Total central reserve cities OTHER RESERVE CITIES Bostdn -.Brooklyn and Bronx Buffalo.. Philadelphia Pittsburgh . Baltimore ._.. Washington Richmond Birmingham! SI Paso. _ Fort Worth., Galveston--.'.. Houston _ San Antonio— Waco _Little Rock . Nashville ... Cincinnati. Columbus __ __. Indianapolis Chicago Peoria . Grand Rapids _.. Milwaukee Minneapolis __ St. Paul Dubuque _ Sioux City _ Kansas City, Mo St. Joseph St. Louis Lincoln Omaha. _ Kansas City, Kans Topeka Wichita _ Helena Denver.._ __ Pueblo Muskogee 13 9,187 5,706 17, 248 13,633 1,450 1,300 14,376 11,090 14,893 30,881 2, 750 25,466 2,793 7,754 1,654 62, 301 3,241 6,666 13,196 1,496 2,001 6,335 5.864 3,822 20, 582 3,499 188, 611 7,465 10,474 23, 230 2,212 4, 254 11, 450 9,596 17,136 5,736 7, 645 10, 495 8,966 9, 238 13,375 14, 271 5,042 67,956 6,808 5,727 1, 553 6r483 17,242 5,175 21, 414 14, 731 23, 245 12,948 13, 401 200 700 400 3,655 500 800 1,327 300 250 500 600 800 750 650 850 600 900 600 600 400 3,300 300 300 400 650 700 2Q0 1,050 700 600 950 700 400 200 200 400 450 850 500 450 3,137 18,395 2,633 87,136 5,908 8,401 18,850 1,813 3,558 10,675 7,825 15,082 4,551 6,195 8,348 7,8167,323 10,998 ll,078i > 4,294 60,797 5,583 4,710 994 4,979 16, 035 4,480 18,937 13,421 21*339 11,131 11,717 7,826 2,632 3,771 2,955 6,733 8,022 13,810 6,437 10; 831 3,484 4,157 6,412 6,263 6,999 4,274 8,833 3,169 25,378 3,454 1,101 681 2,991 8,867 1,877 11,007 7,438 14,126 3,182 7,596 3,565 1,761 1,726 1,680 3,530 6,031 4,445 4,670 8,560 3,317 4,214 3,425 7,773 9,599 15, 792 7,985 REPORT OF THE COMPTROLLER OF THE CURRENCY 207 TABLE N O . 18.—Classification of national banks, according to capital stock, June SO, 1925—Continued [In thousands of dollars] CAPITAL STOCK OF $200,000 BUT LESS THAN $500,000—Continued Cities, States, and Territories Aggregate Num- loans and resources, Aggregate paid-in ber of discounts, including banks including rediscounts capital stock rediscounts Aggregate deposits OTHER RESERVE CITIES—continued Oklahoma City Tulsa Seattle.__ Spokane Portland Los Angeles Ogden.. Salt Lake City 4,797 4,032 7,405 158 2,879 716 1,690 4,392 „___ Total other reserve cities. 128 Total all reserve cities 141 11,992 8,875 16, 521 2,572 7,213 1,141 2,595 750 450 800 200 700 200 250 300 11,060 8,230 14,879 2,104 6,198 900 2,044. 5,974 612,025 32,332 521, 714 823, 791 642,906 35,082 547,180 32, 622 9,077 5,614 97,371 6,305 36, 624 69, 319 16, 793 8,927 174, 553 10,907 71, 350 3,400 1,200 1,100 9,140 850 4,982 57,185 11,816 5,051 144,285 7,549 55,913 81 186, 613 351, 849 20,672 281,799 67 41 102 163, 975 92? 271 225, 211 4,599 11, 049 331, 518 191, 579 464,819 10,071 16,375 16,240 9,850 25, 575 663 902 276,094 159,423 361,772 7,396 13,466 217 497,105 1,014,362 COUNTRY BANKS Maine New Hampshire.. Vermont..., Massachusetts Rhode Island Connecticut Total New England States. New York New Jersey PennsylvaniaDelaware Maryland Total Eastern StatesVirginia West Virginia... North Carolina. South Carolina.. Georgia Florida Alabama Mississippi Louisiana Texas Arkansas __. Kentucky Tennessee ... Total Southern States. 179 Ohio Indiana Illinois _ Michigan... Wisconsin.. Minnesota. Iowa... Missouri.... Total Middle Western States.. 173 North Dakota.. South DakotaNebraska Kansas. Montana Wyoming Colorado New Mexico.-_ Oklahoma Total Western States.. 43 818,151 49, 356 29,518 36,153 31,388 15,999 14,063 27, 810 23,003 6, 338 69,199 14, 812 22, 082 13, 337 73, 476 44,815 50, 937 49, 315 25, 038 28, 781 47. 336 39', 114 10, 017 122, 383 27, 759 33,376 22,456 5,000 2,800 4,100 3,825 3,100 1,450 4,150 2,460 900 9,850 1,800 2,825 2,250 55,290 34,703 34,742 39,473 15,602 25,393 35,573 30,540 7,896 97,835 23,504 24,524 16,017 353, 058 574,803 44, 510 441,192 108, 630 45,113 61,084 46, 663 53, 753 14, 887 30, 240 196, 908 84, 964 128,075 95,480 96,633 31,203 53,245 24,926 13,000 5,975 8,150 4,700 6,325 2,175 3,250 1,450 156.17G 68,240 105,413 81,332 81,022 26,379 44,350 21, 536 373,358 711,434 45,025 584,448 7,214 2,505 3,134 19, 711 18, 372 8,129 4, 406 12,097 14,527 5,943 6,024 36, 546 40,673 11, 895 17,995 8,500 27,708 700 250 700 2,200 2,000 850 800 650 2,050 12, 737 5,457 4,491 30,979 35,629 10,466 16,074 7,220 24,327 il, 657 169,811 10,200 147,380 208 REPORT OF THE COMPTROLLER OF THE CURRENCY TABLE N O . 18.—Classification of national banks, according to capital stock, June 30, 1925—Continued [In thousands of dollars] CAPITAL STOCK OF $200,000 BUT LESS T H A N $500,000—Continued Aggregate Aggregate Num- loans and Aggregate paid-in ber of discounts, resources, including banks including rediscounts capital stock rediscounts Cities, States, and Territories Aggregate deposits COUNTRY BANKS—continued Washington Oregon _ California Idaho Nevada Arizona _ _. _ , Total Pacific States „ 6 7 30* 4 1 2 10,623 11,406 48, 833 8,862 1,099 5,856 20, 296 18,676 84,406 16, 819 3,607 10,123 84,679 1,450 1,550 7,350 1, 050 200 400 16,788 14,054 67,081 14,198 8,101 9,259 153, 927 12,000 124,482 Total country banks.. - 743 1, 576, 470 . 2,976,186 185, 637 2,397,452 Total United States 884 1,900,261 220,719 2,944, 632 50 3, 619, 092 I C A P I T A L S T O C K OF $500,000 B U T LESS T H A N $1,000,000 CENTRAL RESERVE CITIES New York ,__. Chicago. _ ___• _ Total central reserve cities _-- 2 1 8,110 5,448 12,824 9,279 1,400' 600 3 13, 558 22,103 2,000 3 1 1 1 7 6 4 13. 745 7,674 12, 008 7,650 35, 622 40,425 22,314 22, 612 29, 053 7, 705 11, 035 4,496 19, 228 5,423 11,333 11, 586 4,583 13,564 5,556 5,192 14, 575 10, 783 12, 322 5,942 2,723 12,896 3,051 15,298 3,943 1,069 8,857 12,008 4,655 6,196 17, 389 3,705 10,613 3,439 12,172 3,118 10,443 1,876 2,490 14, 083 20,894 15,033 18,026 13,167 56,148 72, 505 39,176 40, 207 60,506 12, 582 17, 593 9,035 29,431 9,624 21, 845 18, 386 10,403 26,739 13, 784 13,006 29, 251 15, 752 23, 502 10,294 6,069 26,487 6,123 23,416 7,295 5,962 15, 894 17, 262 9,418 15, 021 35,155 7,332 24,936 5,805 22,271 5,152 16, 671 3,295 5, 649 28, 549 1,750 600 500 550 3,500 3,550 2,800 2,350 1,250 1,600 5,116 13,766 14, 842 7,918 13,303 31,545 6,179 21,958 5,095 19,245 4,263 13, 764 2,580 4,285 24,122 9,3S5 7,87S 17, 213 OTHER EESERVE CITIES Boston Albany - Brooklyn and Bronx y~ Buffalo - - Philadelphia Pittsburgh Baltimore ,___ . Washington „ _ Jacksonville.., Atlanta Dallas, Fort Worth Houston San Antonio Louisville-__ Memphis , Cincinnati Columbus-._ . , Toledo Chicago. Peoria Grand Bapids Milwaukee... Minneapolis Des Moines ___.,_ Dubuque _ Kansas City, Mo St. Joseph St. Louis Omaha. , Kansas City» Kans Topekar » Denve Muskogee Oklahoma City Tulsa Seattle _ ... Spokane _ ._„„, Los Angeles Oakland 4 2 1 3 1 3 2 2 2 1 3 1 1 3 1 2 1 1 2 1 3 1 1 rm - - .,,. - „ ,. , -- __ .-- Salt Lake City 2 2 1 2 2 1 3 1 2 1 3 1 1 3 750 1,750 750 1,800 1,100 1,000 1,100 500 1,600 500 800 1,800 800 1,000 500 500 1,000 500 1,500 500 500 1,025 1,400 600 1,000 1,050 500 1,850 500 1,000 500 1,750 500 500 16,836 12,858 15,081 11,355 43,451 57,409 30,745 32, 656 §6,512 10,7 IS 15,330 8,060 25,158 7,045 18,497 15,6S9 . ;7,79i) 21,973 10,539 11, 227 22, 221 12, 888 18,6-37 9^254 4,104 23,423 5,313 20,175 Mil Total all other reserve cities 90 484, 450 884, 651 50,875 739,163 Total all reserve cities 93 498,008 906,754 52,875 756,376 REPORT OF THE COMPTB0LL.ER OF THE CUBBENCY 209 TABLE N O . 18.—Classification of national hanks, according to capital stock, June 30, 1925—Continued [In thousands of dollars] CAPITAL STOCK OF $500,000, BUT LESS THAN $1,000,000— Continued Aggregate Num- loans and ber of discounts, banks including rediscounts Cities, States, and Territories Aggregate Aggregate paid-in resources, capital including stock rediscounts Aggregate deposits COUNTRY BANKS Maine . , „„ Vermont Massachusetts ._ ._ Rhode Island _ _ Connecticut Total, New England States New York NewJersey Pennsylvania Total, Eastern States..Virginia . West Virginia North Carolina South Carolina, Georgia _„ Florida Alabama Mississippi Louisiana Texas Arkansas Kentucky . Tennessee., - - . . . . . _ . . Total, Southern States— Ohio Indiana Illinois Michigan : ..„ __ >____._ _ Wisconsin Minnesota Missouri ... Total, Middle Western States Washington California .. _ Nevada . Total, Pacific States . -__ Hawaii (nonmember bank)_._ Total, country banks, Total, United States - — 2 1 12 4 6 9,334 2,712 71, 718 15, 970 28, 753 15,268 4,079 115,938 27,195 49,091 1,200 500 6,350 2,350 3,350 11,914 2,241 95,258 18,389 40,920 25 128, 487 211, 571 13,750 168,702 8 12 19 40,408 75, 090 86, 250 61,319 155, 095 166,469 4,500 7,000 10,000 48,398 131,833 128,750 39 201, 748 382,883 21, 500 308,981 7 5 7 3 2 4 1 1 1 5 3 3 3 25, 703 21,517 35,227 8,957 10, 994 33,602 3,906 1,816 2,647 13, 822 9,391 12,149 17,438 40, 063 34,800 53,709 17,819 15,885 72, 592 6.475 2,982 4,978 26,874 16, 333 18, 533 25,474 45 197,169 336, 517 24,650 257,890 5 9 7 3 7 2 1 21,102 32, 856 32,156 11, 892 30, 321 6, 938 3,245 37,941 65,889 54.845 23, 581 52,322 12, 373 5,289 2,600 5,300 3,750 1,600 3,800 1,100 500 29,326 52,674 46,870 19,722 43,398 9,969 4,539 34 138, 510 252, 240 18, 650 206,498 2 4 1 8,323 22, 355 3,177 16, 095 41,889 5,684 1.000 2,250 700 14, 050 34, 534 4,150 7 33,855 63,668 3,950 52, 734 1 2,014 6, 290 500 4, 724 151 701, 783 1, 253,169 83,000 999, 529 244 1,199, 791 2,159, 923 135,875 1, 755,905 3, 700 2,500 3,950 1,500 1,000 2,400 •• 500 500 600 2,800 1,500 2,100 1,600 27,893 25,107 36.065 13,692 13,091 66,948 5,172 1,530 3,435 20,155 12,485 12,417 19,000 CAPITAL STOCK OF $1,000,000, BUT LESS THAN $5,000,000 CENTRAL RESERVE CITIES New York. Chicago __-_ -. 19 Total central reserve cities 314,394 138, 620 600,978 218,761 24,000 11,350 497,222 190, 298 453,014 819, 739 35,350 687,520 116, 553 47, 872 14,898 32, 703 273, 598 67, 586 68, 749 187, 360 97, 573 22,139 67, 242 510, 097 115, 748 143, 069 8,500 2,750 1,000 2,000 10, 950 6,000 8,500 150,878 87,329 18,651 60,080 419,230 90,316 112,142 OTHER EESERVE CITIES Boston. _ Albany -, Brooklyn and Bronx Buffalo Philadelphia--..-™ , Pittsburgh ___-— Baltimore » —— -— 210 REPORT OF THE COMPTROLLER OF THE CURRENCY TABLE N O . 18.—Classification of national banks} according to capital stock, June SO, 1925—Continued [In thousands of dollars] CAPITAL STOCK OF $1,000,000, BUT LESS THAN $5,000,000-Continued Cities, States, and Territories Aggregate Num- loans and ber of discounts, banks including rediscounts Aggregate Aggregate paid-in resources, capital including stock rediscounts deposits OTHER RESERVE ciTiEa—continued Washington Richmond-Atlanta.Jacksonville-_ Birmingham. _ New Orleans-_ _ DallasEl Paso__ Fort Worth—— Galveston.Houston _ San Antonio-:_ _ Waco— Louisville-NashvilleCincinnati Cleveland « Columbus Indianapolis Detroit „ _ Grand Rapids Milwaukee-_ --l^iimeapolis---^-. St. Paul. „--Des Moines Sioux City _ Kansas City, Mo .__ St. Louis.4 Omaha • Wichita Denver.-Oklahoma City Tulsa__ _ Seattle Spokane— PortlandLos Angeles Oakland San Francisco Total all other reserve citiesTotal all reserve cities 24,471 25, 018 24,489 65,918 8,304 27,614 7,388 53,360 18,862 6,921 51,859 33,348 47,304 63,235 28,487 44,653 63,804 7,738 18,282 64,979 48,036 20,542 7,921 58,454 39,197 49, 538 14, 271 48,911 19,734 41,180 40,817 23,919 42,226 173,144 15,831 48, 707 83,242 97,604 94,015 46, 655 39, 214 42, 649 116,441 14,506 54,400 12,927 97,427 34,686 10,187 85,664 53,361 81. 587 115, 051 51,345 85, 573 111, 519 14,885 27,075 110,640 105, 893 36,819 12,505 113,866 66,545 97, 010 35, 510 112, 767 38,220 72,978 96,461 35,385 100, 543 296,693 26,479 93,394 126 2,161, 481 3, 964, 949 199,650 3,342,916 145 2,614,495 4,784,688 235,000 4,030,436 52,901 16,882 72,743 82,638 34,138 123,124 4,500 2,250 9,350 65,965 26,473 93,837 142,526 239,900 16,100 186,275 47,250 91,318 23,119 85, 704 168, 620 65,346 5,450 9,550 4,000 141,305 51,102 161,687 319,670 19,000 262,340 46,838 13,249 10,887 11,661 11,452 3,914 29,049 13, 814 4,411 29, 776 68,565 18,750 15,813 20, 992 19, 233 8,495 42,664 25, 715 6,780 45,427 6,200 2,000 1,000 2,000 1,000 1,000 3,000 2,000 1,000 3,500 47,929 12,384 10,816 15,925 17,245 6,933 35,755 21,230 4,429 36,042 175, 051 272,434 22,700 41,863 66,258 5,750 6,000 5,200 1,400 1,500 2,800 10,000 1,000 3,000 1,000 5,500 3,000 1,000 3,500 3,000 6,000 4,800 2,800 6,250 4,000 1,000 2,000 5,000 5,000 2,200 1,000 5,000 4,700 4,350 2,000 3,500 2,000 4,000 4,200 2,200 6,300 15,000 1,000 6,000 68,378 77,670 80,200 43,594 32, 550 33,856 96,624 11,355 46,823 10,796 84,164 29,017 7,858 71,169 41,418 62,823 92,738 39,449 68,398 93,695 12,235 22,230 100,509 92,901 32,975 11,006 102,829 53,017 87,585 31,898 104,110 35,575 66,881 84,833 29,327 90,158 259,701 22,281 71,664 COUNTRY BANKS Massachusetts Rhode Island.. Connecticut. _-. 14 Total New England States New York New Jersey Pennsylvania _ 15 - Total Eastern States Virginia West Virginia _ North Carolina South Carolina_ Florida Alabama.-__ Louisiana Texas Kentucky Tennessee Total Southern States.. -. BEPOET OF THE COMPTROLLER OF THE CTJBBENCY 211 TABLE N O . 18.—Classification of national banks, according to capital stock, June 30, 1925— Continued [In thousands of dollars] CAPITAL STOCK OF $1,000,000 B U T LESS T H A N $5,000,000— Continued Aggregate Num- loans and ber of discounts, banks including rediscounts Cities, States, and Territories Aggregate Aggregate paid-in resources, capital including stock rediscounts Aggregate deposits COUNTRY BANKS—continued Ohio Indiana Michigan Minnesota . -. .' - --- Total Middle Western States Washington California 3 1 1 3 23,751 8,920 7,117 27,243 39,119 16,185 15,335 51,744 4,500 1,000 1,250 5,000 28,840 13,337 11,787 41,175 8 67, 031 122,383 11, 750 05,139 1 2 9,915 17, 733 19,514 32, 561 1,000 2,000 17,314 28,477 Total Pacific States 3 27,648 52, 075 3,000 45,791 Total country banks 61 573,943 1,006, 462 72,550 798,233 Total United States 206 3,188, 438 5, 791,150 307,550 4,828,669 C A P I T A L STOCK OF $5,000,000 OR M O R E CENTRAL BESERVE CITIES New York Chicago-- . --.. 12 Total central reserve cities $1,752,614 460,843 $3, 962,574 777, 283 $153, 500 37,500 $3,235,930 673,193 2,213,457 4, 739,857 191,000 8,909,123 619, 779 154,209 328,469 53, 808 135,403 107, 518 102, 655 240,198 227,349 35,000 5,000 18,500 6,000 5,000 6,000 5,500 20,000 13,500 486.745 129,692 274,063 41,745 115,034 91,714 89,207 201,987 185,672 OTHER RESERVE CITIES Boston . Philadelphia...^.. Pittsburgh Cincinnati .Detroit ..._.-. Milwaukee _ Minneapolis...._ St. Louis San Francisco Total all other reserve cities Total all reserve cities and United States - 3*60,604 88,406 88, 522 24,662 75,867 70,320 52, 690 142,832 129,149 27 1,033, 052 1,969,388 114, 500 1,615,759 3,246,509 6, 709,245 305, 500 5,524,882 $2,084,305 610,617 $4, 593,624 1,018, 956 $180,350 50, 750 $3, 756,863 882,459 2,694,922 5,612,580 231,100 4,639,322 45,450 3,350 2.200 2,950 29,105 28,550 12,100 9,427 6,300 5,950 2,650 1,750 2,800 11,900 1,500 657,596 100,187 52,127 74,069 679,409 427,696 151,288 119,884 79,483 90,918 100,106 36,108 33,856 116,154 22,030 GRAND TOTAL CENTRAL RESERVE CITIES New York.. Chicago.... Total central reserve cities. _ 47 OTHER RESERVE CITIES Boston Albany.... Brooklyn and Bronx.. Buffalo Philadelphia Pittsburgh..... Baltimore Washington Richmond Atlanta Jacksonville Birmingham New Orleans, Dallas.... El Paso.... 493, 695 55, 546 34,660 42,007 459,927 199. 774 97; 729 77,671 67, 754 61,644 53,524 27, 019 24,489 79, 302 14, 639 831,855 112, 606 60, 747 83,908 829,065 524,187 192, 719 146, 679 99, 816 106, 597 107,161 43,468 42,649 138,804 25,956 212 REPORT OF THE COMPTROLLER OF THE TABLE N O . 18,—Classification of national banks, according to capital slock, June 80, 1926—Continued [In thousands of dollars] GRAND TOTAL—Continued Cities, States, and Territories Aggregate Num- loans and ber of discounts, banks including rediscounts Aggregate Aggregate resources, paid-in including capital rediscounts •stock Aggregate deposits OTHER RESERVE CITIES—continued Fort Woith...., Qalveston.. Houston , San Antonio.. „ ,. Waco Little Rock... _„_ ,. Louisville , Memphis. , .-...-_ . Nashville -__ Cincinnati ,._. Cleveland.. Columbus Toledo—.—.-..„ ,. Indianapolis „,.„„, _..._.., .-Chicago' *.. + Peoria. I ... Detroit Grand Rapids , „ Milwaukee Minneapolis „. St. Paul Cedar Rapids Des Moines. „ IMtmque .... Sioux City.,_T „._ , Kansas City, Mo. St. Joseph---,. .—, St. Louis--. Lincoln.>Omaha I Kansas City, Kans-— --— Topeka -.... _Wicfcita.Helena Denver Pueblo... , -.-. Muskogee .-. , Oklahoma City..,. ,„ Tulsa ,. ,-.., Seattle r Spokane^ , , Portland ,.--.. Los Angeles . Oakland San Francisco _ Ogden .. Salt Lake City 37,974 18,219 76,072 28,442 12, 616 6,685 63,192 11, 586 40,347 80,823 63, 235 50,884 5, 556 47, 822 31, 392 18,029 139,671 19,622 101,605 126,602 56,903 12, 896 23,265 4,928 18,928 81,190 18,069 186,480 16,453 65, 111 6,416 8, 614 15,951 3,530 72,331 5,574 8,375 35,144 48,651 60,394 27,195 45,105 184,303 17,707 177,856 5,048 18,475 73,031 30,063 132, 594 51, 955 21,415 9,581 107, 509 18,386 62, 599 159,173 115,051 92,355 13, 784 90, 615 84,383 36, 059 246,922 36,364 153,648 230,072 123,135 157,521 18,140 15,317 75,148 87, 658 135,253 43,109 107, 756 314,505 29, 774 320,743 9,655 35, 218 4,350 1,800 8,050 4,750 1,950 700 4,500 1,100 3,900 13,100 4,800 5,000 500 6,650 4,225 2/100 9,000 2,100 9,400 11,650 5,700 1,000 2,700 700 2,050 7,200 1,160 26,331 1,725 6,150 '800 1,400 2,400 450 5,400 600 950 4,600 4,950 6,000 2, §00 7.000 16,960 1,500 19,500 850 1,900 42, 888 11,298 33,919 152,013 30,540 326,363 29,295 122,832 12,735 21,620 38,935 7,773 62,708 25,^78 113,873 42, 257 16,664 8, 314 89, 666 •16,. 05® 4S, 741 123,358 92, 738 72, 500 10, 539 72, 692 75, 026 27.804 208,72-9 29,833 133,625 203,9.19 108,936 23,423 37,070 %m 29,943 136, 425 27, 550 271,745 25, 483 110, 253 10,550 19,026 34,853 6, 733 143,677 15,805 12,616 £8,593 80,206 118,957 35, 694 96, 350 274, 365 24,861 257,336 7,434 30,096 6, 233, 254) Total all other reserve cities... 369 3, 994, 646 7,447,406 393,413 Total all reserve cities 416 6,689, 568 13, 059,986 629,513 10,872,572 112,019 54,881 47, 307 428,512 57,1,59 COUNTRY BANKS Maine-,-,—New Hampshire., Vermont __ Massachusetts—. Rhode Island..—. ConnecticutTotal New England States. New York New Jersey Pennsylvania.. Delaware Maryland Total Eastern States.. 58 54 46 144 17 62 64,473 37,120 32,715 290, 756 41, 633 149. 903 137,676 75,188 63,887 526,082 79, 301 272,601 7,370 5,240 5,069 28, 767 6,320 20,002 381 616,600 1,154, 735 72,759 JM&286 265 821 18 74 486, 768 406, 680 739, 368 11,085 54,459 1,041, 211 841, 529 1, 593, 711 24,145 107,429 52.490 40', 973 85, 484 1,735 5,179 3, 603, 025 185, 861 •863,799 708,998 1,25.2,828 I7,d50 88,416 2,931,691 1,666 2X2, m REPORT OF THE COMPTROLLER OF THE CUKRENCT 213 TABLE NO. 18.—Classification of national banks, according to capital stock, June 30r 19%5—Continued [In thousands of dollars] GRAND TOTAL—Continued Number of banks Aggregate loans and discounts, including rediscounts 175 124 83 75 86 54 100 36 32 598 83 135 98 201,233 128,641 129,806 80,842 62,050 87,806 72,686 46, 316 49. 511 272,567 50.320 100, 710 98,258 296,830 197,666 187,712 129, 513 94,040 189,055 123, 612 80,802 76, 251 470, 537 89. 323 168, 718 150,881 23,979 13,416 14,065 11,230 9,715 7,854 11, 320 5, 285 6,225 46,937 7, 205 14, 096 12, 369 214,900 148,864 130, 748 98, 798 64,098 169, 794 90, 648 64,170 60,960 355,386 71,059 125, 528 114,719 -~. 1,679 1,386, 746 2, 254,940 183, 696 1, 709, 672 338 242 465 120 150 309 328 106 287, 754 177, 995 297, 568 131, 291 148, 666 161,421 173,902 52,198 533,004 328,207 562, 050 269, 543 271,064 308, 504 284,171 93, 431 38, 880 25, 298: 36, 973 15, 021 17,605 20,369 20,070 7,492 411,248 257,210 454,646 226,246 226,395 261,175 227,405 73,6$) 2,058 1, 430, 793 2, 649, 974 181, 708 2,137,951 160 111 159 247 83 32 126 31 376 52, 223 46, 622 64, 288 97, 925 36, 72S 22, 553 51,201 15, 274 106,420 99,666 85,697 107, 926 179,490 75,005 43,036 100,882 27,285 224,246 6,440 5.105 8,455 13, 588 5, 335 2,725 6,865 2,135 16,855' 84,345 73,017 85, 249 146. 499 63, 381 36, 343 83,396 22,499 190, 790 1, 325 493, 235 943,233 67,503 * 785, 519 100 93 249 57 14 10 18 65, 605 45.141 182, 843 30,412 6,222 % 495 15,098 131,981 85,385 340, 881 53,836 9,560 18, 484 27,811 8,665 6,420 24,985 3,840 800 1,385 1,500 112, 757 68,977 278,599 43, 572 7,331 15,055 23,851 541 354,816 667,938 47, 595 550,142 4 2 1,291 2,658 3,603 8,429 200 600 3,196 6,640 Cities, States, and Territories Aggregate Aggregate resources, paid-in including capital rediscounts stock Aggregate deposits COUNTRY BANKS—continued Virginia.,,.. „.,-.., West Virginia. North Carolina South Carolina Georgia Florida Alabama _ Mississippi Louisiana Texas Arkansas Kentucky „ Tennessee. -.—,., _ —„-» ,. Total Southern States Ohio.._ Indiana Illinois. Michigan Wisconsin Minnesota Iowa Missouri r . ,. „„,_,. „_ *mmm ,.„.„. ... _ „ „., Total Middle Western States North Dakota South Dakota Nebraska Kansas Montana Wyoming Colorado New Mexico Oklahoma „ „ „_ ' . . . Total Western States Washington „ Oregon California Idaho Utah Nevada.,, Arizona, _ ,.. Total Pacific States Alaska (HonmeTBfoer banks) Hawaii (nonmember banks) _ 6 3,949 12,032 800 9,836 Total country banks 7,656 5, 984, 499 11, 290, 877 739,922 9, 037,097 Total United States 8,072 12, 674, 067 24, 350, 863 1,369, 435 19, 909, 669 Total nonmember banks _ 214 REPORT OF THE COMPTROLLER OF THE CURRENCY TABLE NO. 19.—United States bonds on deposit to secure circulating notes of national banks in years ended October §1, from 1900 to 1925 United States bonds held as security for circulation NumYear ber of banks 2 per cent consols of 1930 1900- 3,871 1901- 4,221 1902- 4, 601 1903.. 5,147 1904,. 5,495 1905-, 5,858 W0£- 6,225 1907. 6,620 1908 6,873 1909. 7,025 1910. 1911J9121913. 1914. 1915. 1916. 1917_ 19181919. 1920. 1921_ 19221923. 1924. 1925. 7,218 7,331 7,428 7; 514 7,578 7,632 7,608 7,671 7,765 7,900 8,157 8,179 8,262 8,264 8,098 8,118 4 per cent bonds 3 per cent bonds 6 per cent bonds Total of 1907, I $1,019,950 (Consols$13, of 1898, 3 Loan of 1904, 5 544,100 I Loan Consols of 1930, per cent, per cent, $301,123,580 Loan of 1895, : 270,006,600 $7, 756,580 $1,293,000 7,503,350 Consols of 1907, f 12,500 6,032,000 Consols of 1930, 268,900 329,833,930 [ 316,625, 650 Loan of 1895, 2,911,100 Consols of 1907, 8, 248,450 6,056,720 1,100,900 338,352,670 320,738, 000 Loan of 1895, I 2, 208,600 (Consols of 1907, 979,200 1,797,580 718,650 382,726,830 376,003,300 Loans of 2,1895, 1,410,100 (Consols of i907, 5,857,500 1,922,940 416,972,750 1 Loan of 1895, 426,544,790 1 1, 791,600 (Consols of 1907, 4,050,350 2,215,540 483,181,900 II Loan of 1895, 493,912,790 I. 4,465,000 (Consols of 1907, [2 per cent Panama Canal, 492,170,650 1I Loan of 25,124,650 3,273,700 539,653,180 1895, [ 14,482,080 I 4,602,100 of 1895, 532,543, 550 /Loan 17,245,380 567,011,910 6,490,080 \ 10,732,900 38,558,680 13,936, 500 10,468, 520 Certificates of in- 632,624,850 554,700,700 14,960,450 debtedness 3 per cent.. per cent 1936 [4 per cent loan of 3 per cent 1908- 2 and 1938, Pan- 679,545,740 573,328,450 1918, 1925, ama Canal, 14,575,560 [ 15,463,050 76,178,680 580,145,400 15,337, 540 21,022, 650 78,420,480 694,926,070 18,199, 380 593, 006, 600 22,854,300 80,110,040 714,170,320 20,419, 220 601,762,600 26,817, 000 81,258,460 730,257,280 22, 245,100 604,264, 950 35,302, 700 81, 701, 240 743, 513,990 21,447,180 606, 622,300 34,699,300 81,971, 820 744,740,600 20,377, 720 600, 678, 600 32,304, 800 81, 614,420 734,975,540 15,984,680 567, 690, 250 26,214, 400 78.068, 660 687,957, 990 17,715, 220 555, 514, 950 34, 743, 900 71,466,140 679,440,210 32,240 561,848,600 50, 240, 800 72,324,800 684,446,440 565,094, 950 58,055, 050 72,672,060 570,372,500 68, 578,000 73,116,000 712,066,500 676, 522, 950 77,257,400 73,732,140 727, 512,490 581,493,950 82, 509, 900 73,656,840 737,660,690 586,801,800 85,823,150 73,937,380 746,562,330 589,086, 200 76,687,050 74.069, 640 739,842,890 591,792,150 74,392,980 666,185,130 TABLE NO. 20.—Profit on national-bank circulation, based upon a deposit of $100,000 United Stales consols of 1930 and Panama Canal bonds, at the average net price, monthly, during the year ended October 31, 1925 CONSOLS OF 1930 1 Receipts Date November December Januan^ February March April May___June July August . September October Cost of bonds 1924 $103,989 103,308 1925 103,070 103, 367 103,301 103, 028 103,053 103, 202 103, 207 102, 981 102, 840 102, 659 Circulation obtainable Interest on circulation Gross Interest less 5 on bonds per cent receipts redemption fund $100,000 100,000 $2,000 2,000 $5,700 5,700 100,000 100,000 100,000 100,000 100,000 100,000 100, 000 100,000 100,000 100,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 5,700 5,700 5,700 5,700 5,700 5,700 5,700 5,700 5,700 5,700 Profit on circulation in excess of 6 per cent on the investment Deductions $7,700 7,700 7,700 7, 700 7,700 7,700 7,700 7,700 7,700 7,700 7,700 7,700 Net receipts Tax Expenses Sinking fund $500 500 $62. 50 62.50 500 500 500 500 500 500 500 500 500 500 62.50 62.50 62.50 62. 50 62.50 62.50 62.50 62.50 62.50 62.50 $634. 40 535. 77 506.50 566. 01 565. 56 528. 88 543. 78 581. 75 594. 51 564. 03 548. 64 524. 63 Total $1,196. 90 1,098. 27 $6,503.10 6, 601. 73 1,069. 00 1,128. 51 1,128. 06 1,091. 38 1,106. 28 1,144. 25 1,157. 01 1,126. 53 1, 111. 14 1,087.13 6, 631. 00 6,571. 49 6,571. 94 6,608. 62 6,593. 72 6,555. 75 6,542. 99 6,573.47 6, 588. 86 6,612. 87 Interest on cost of bonds at 6 per cent $6,239. 34 6,198. 48 Amount Per cent $263. 76 403.25 0.254 .390 6,184. 20 6,202.02 6,198. 06 6,181. 68 6,183.18 6,192.12 6,192.42 6,178. 86 6,170. 40 6,159. 54 446. 80 369.47 373. 88 426. 94 410. 54 363. 63 350. 57 394. 61 418. 46 453. 33 .433 .357 .362 .414 .398 .352 .340 .383 .407 .442 $6, 208. 38 6,136.44 $722. 83 874. 40 0.699 .855 6,054. 60 6, 060. 66 6,068. 34 6,062. 40 6,072. 60 6,079. 92 6.079. 32 6.080. 46 6, 067. 50 6, 060. 00 1, 027. 66 1,014. 85 998. 62 1,010. 04 988. 43 972. 53 972. 90 971. 40 995. 91 1, 010. 95 1.018 1. 005 . 987 1.000 .977 P A N A M A T W O S , 1916-1936 1924 November December $103,473 102, 274 $100,000 100,000 $2,000 2,000 $5,700 5,700 $7,700 7,700 $500 500 $62. 50 62.50 $206.29 126.66 100,910 101,011 101,139 101, 040 101,210 101, 332 101, 322 101, 341 101,125 101, 000 100,000 100,000 100,000 100, 000 100,000 100,000 100,000 100, 000 100, 000 100, 000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 5,700 5,700 5,700 5,700 5,700 5,700 5,700 5,700 5,700 5,700 7,700 7,700 7,700 7,700 7,700 7,700 7,700 7,700 7,700 7,700 500 500 500 500 500 500 500 500 500 500 62.50 62.50 62.50 62.50 62.50 62.50 62.50 62.50 62.50 62.50 55.24 61.99 70.54 65.06 76.47 85.05 85.28 85.64 74.09 66.55 $768. 79 689.16 $6,931.21 7,010.84 1925 January February March April May June July August September October 617. 74 624. 49 633. 04 627. 56 638. 97 647. 55 647. 78 648.14 636. 59 629. 05 7,082. 26 7,075. 51 7,066. 96 7,072.44 7,061. 03 7,052. 45 7,052. 22 7,051. 86 7,063. 41 7,070. 95 .985 1.001 216 REPORT OF THE COMPTROLLER OF THE CURRENCY TABLE NO. 21.-—Investment value of United States bonds—Panama Canal bondsf 4's of 1925 and 2Js of 1930 Panama Canal bonds, 2's of 1916-1938 Date Average price, net January:.April.. July October..- 1925 _ 100.9099 101.0400 101. 3221 101.0000 _. Rate of interest realized by investors 4 per cent bonds of 1925 2 per cent bonds of 1930 Average price, net Per cent 1.912 1.898 1.868 1. 898 100.0607 Rate of interest realized by investors Per cent 103. 0697 103, 0275 103. 2067" 102. 6587 8 8 0) 0) Rate of interest realized by investors Average price, net Per cent 1. 388 1. 368. 1. 297 1.3S4 i Matured Feb. 1,1925. TABLE No. 22.—United States bonds^—Monthly range of prices in New. York, November, 19@4, to October, 19£&, inclusive' Coupon bonds Registered bonds Date 4's of 1925 1924 November: Opening Highest.,... Lowest. fc.._w—. Closing.,-,. December: Opening .... Highest Lowest Closing1925 January: Opening: _.._._. Highest.—. Lowest Closing February: Opening-.. Highest. Lowest Closing March: Opening; Highest..... Lowest . Closing— April: Opening Highest.^... Lowest.._ Closing Mas- 2's-of 1930 103%@104% 103M@104>i @10©& ©lOQffc @10sV @100& 103K@l03^i Not quoted':, do .do.. .do.. .do., .do., .do.. do. .do., .do.. ..do.. .... . . . . . d o do. do do ..do-, .do,. d .....do.. I 0) (0 Panama 2's of 1916-1936 103 @104 103^@04 101 101 102 102 ..do.. ..do., -do., -do. -do., -do,, .do.. _do_. -._ 101 ©101% 101 ©101 % IOOM©IOIM -do., .do.. ..do.. ..do.. _. -. 2's of 1930 Not quoted. .do do. 100 100 100 100 Opening Highest. _.-Lowest__ Closing. June: Opening __ Highest _ Lowest Closing. July: Opening. Highest Lowest __ Closing. i Matured Feb. 1,1925. 4's of 1925 103 ..do., .do.. .do.. ..do.. 103 103 103 103 ..do., .do.. ..do., .do:. 103 103 .do.. _do. _do_. -do_. 101 ®ioi34 H@OIK 101 101% 100 0% 101 101 101 @ 1 % 100%@101%. 100^@101% 217 KEPOUT OF THE COMPTROLLER OF THE CXJREENCY ABLE N O . 22.—United States bonds—Monthly range of prices in New November, 1924, to October, 1925, inclusive—Continued Coupon bonds Registered bonds Dtte 4's of 1925 August: Opening Highest lowest, (losing SepUia'K-r: Opening Fli ghost r-ov,W, fir-sing Oc'cior: spoiling. KUtt 2's of 1930 4's of 1925 2's of 1930 Not quoted, .do -do.. _do_. .do.. ..do.. ..do.. ..do.. 102 @103 102^©102j York, _do .do .do. Panama 2's of 1916-1936 100?4^i! 101 @101^; 101 @IQ1% ioi @ioiH TABLE NO. 23.—Number, capital stock, and circulation outstanding of national banks in each State issuing and not issuing circulating notes, December 81, 1924, and April 6, 1925 [In thousands of dollars] Dec. 31, 1924 Apr. 6, 1925 00 ^ hr States Number of banks Capital Circulation outstanding Banks not issuing circulation Number of banks Maine. New Hampshire Vermont Massachusetts Rhode Island Connecticut 5,828 4,845 4,345 23,016 4,691 11,971 Total New England States 394 112,094 533 253 868 18 84 13 227,169 38, 980 141,939 1,735 16, 954 9,327 Total Eastern States. 1,769 . Total Southern States Capital Circulation outstanding Capital 7,370 5,240 5,060 73,017 6, 320 19, 993 5,578 4,632 4,318 19,143 4 710 9,983 Banks not issuing circulation Number of banks 2 C W Q Capital 250 ^ te 14 32,150 5 2,330 58 54 46 156 17 62 54, 696 19 34, 480 393 117,000 48, 364 34 43,386 £E 79, 644 20,740 94,442 1,131 9,432 5,097 43 48 34 32, 475 5,973 16,035 E fe hj 400 13 65,066 20,852 81, 221 1,137 9,388 4,491 38,560 6,661 20,295 3,000 242, 030 39, 938 142, 339 1, 735 17,029 9,327 55 58 41 1 2 533 258 866 18 84 1 3 400 3,200 Q ^ 436,104 210,486 128 57, 883 1,772 452; 398 182,155 158 69,116 tj 182 124 84 79 93 55 102 36 33 572 87 138 106 29,992 13, 426 13, 595 11, 530 16,190 10,190 13,070 5,185 8,875 74,127 7,930 18, 496 17, 249 21,075 10, 584 9,589 7,227 9,666 5,859 10,305 2,929 4,170 42,118 4,100 16,369 13,183 17 8 7 17 10 8 6 7 7 104 22 2 6 2,083 30, 322 13, 361 14,066 11,175 16,140 10,330 13,070 5, 285 8, 875 77,312 7, 930 18, 571 17, 356 19, 683 10,339 9, 523 6,594 8,496 5,221 9,227 2,892 4,076 40,073 3, 751 15, 799 13,251 20 9 8 18 13 9 8 5,148 560 W - 2, 140 & 7 7 122 25 6 7 1,440 1,885 1,275. 325 12,840 2,520 300 547 a S 5 3 75 510 182 123 84 74 91 56 102 36 33 579 87 139 105 1, 691 239, 855 157,174 221 23, 875 1,691 243, 793 148, 925 259 31. 616 58 54 46 157 17 62 New York New Jersey Pennsylvania Delaware.. Maryland District of Columbia Virginia West Virginia North Carolina South Carolina Georgia Florida Alabama Mississippi Louisiana Texas _ Arkansas Kentucky Tennessee _ 7,370 5,240 5,060 68,067 6,320 20,037 Number of banks 535 715 1,905 1,340 1,300 625 1,275 325 11,192 1,995 2 200 22 39,600 2 8 3,336 Jt 736 1,900 O w 2 S ^ Ohio Indiana Illinois Michigan Wisconsin Minnesota Iowa Missouri ,Total Middle Western States North Dakota South Dakota Nebraska Kansas Montana.. Wyoming Colorado New Mexico : Oklahoma Total Western States Washington. -Oregon California Idaho Utah_ Nevada Arizona Total Pacific States.-. Alaska (nonmember banks) Hawaii (nonmember banks) Total (nonmember banks) Total United States.. 358 247 499 122 156 330 344 131 62, 285 31, 873 92, 515 25, 360 26,815 38, 443 26, 630 41, 713 45, 841 27, 300 33. 873 13, 978 15, 381 18, 750 18, 596 14 9 35 8 15 30 19 13 1,080 1,545 21,185 2,486 2,545 4,800 1,940 2,255 357 246 501 124 158 327 341 131 62, 280 31, 948 93, 953 25,827 27,040 38, 333 26, 443 41, 796 41,129 25, 318 30, 536 13, 557 14, 354 14,828 17, 664 17,018 16 10 47 13 20 34 28 17 1,305 2,045 23, 500 4, 727 3,225 5,075 2,793 2,554 2,187 165 114 173 257 91 32 140 33 407 345, 634 189,900 143 37,835 2,185 347, 620 174, 404 185 45, 224 6,590 5,230 16,420 17, 633 5,985 2,675 13,065 2,310 27,845 4,468 3,512 8,552 10, 380 2,932 1,831 5,880 1,335 9,590 22 18 13 51 39 5 28 12 151 730 550 3,225 4,515 1,395 160 2,405 775 9,025 161 113 172 256 85 32 13*7 33 401 6,490 5,170 16, 370 17, 658 5,785 2,725 12, 865 2,310 27, 700 4,337 2,939 8,425 9,956 2,475 1,728 5,539 1,329 8,641 23 24 13 54 37 5 31 12 162 755 965 3,225 4,740 1,395 160 2,605 775 10,945 1,412 97, 753 48,480 339 22, 780 1,390 97,073 45, 369 361 25, 565 111 98 263 67 21 11 19 17,190 13, 220 61,031 4,545 3,550 1,460 1,600 9,323 3,751 32, 533 2,679 3.176 1,218 917 34 20 52 20 1 1 5 2,545 1,280 7,044 1,000 100 25 325 111 99 263 57 21 10 18 17,490 13,389 61, 531 3,915 3,550 1,385 1,500 9,392 3,399 30, 205 2,330 2,669 1,180 567 35 24 62 17 2 1 6 2,545 3,580 9,269 770 600 25 625 590 102, 596 53, 597 133 12, 319 579 102, 760 49, 742 147 17, 414 4 2 200 600 61 450 2 1 100 100 4 2 200 600 51 437 2 1 100 100 16,181 6 800 511 3 200 6 800 488 3 200 8,049 1,334,836 724,844 986 189,372 8,016 1,361. 444 649,447 1,147 232,521 W o o 3 o CO 220 REPORT OP THE COMPTROLLER OP THE CURRENCY TABLE NO. 24.—Number, capital stock, and circulation outstanding of national banks in each Federal reserve district issuing and not issuing circulating notes December 31, 1924, ^nd April 6, 1925 [In thousands of dollars] Dec. 31, 1924 Federal reserve districts Number of banks District No. 1: Banks not issuing circulation B anks issuing circulation.., Total— District No. 2: Banks not issuing circulation Banks issuing circulation Total w - District No. 3: Banks not issuing circulation.-. B anks issuing circulation Total v District No. 4: Banks not issuing circulation.^ Banks issuing circulation Total District No. 5: Banks not issuing circulation Banks issuing circulation., Total -..- ... — - District No. 6: Banks not issuing circulation.. Banks issuing circulation. Total — - District No. 7: Banks not issuing circulation... Banks issuing circulation.__. Total District No. 8: Banks not issuing circulation Banks issuing circulation _. _ Total District No. 9: Banks not issuing circulation Banks issuing circulation Total _— District No. 10: Banks not issuing circulation. __— Banks issuing circulation... Total _ District No. 11: Banks not issuing circulation B anks issuing circulation. ._ ,--. Total District No. 12: Banks not issuing circulation Banks issuing circulation Total ... Circulating notes Number of outstand- banks ing Capital Circulating notes outstanding 52,444 32 350 42, 236 71, 231 46,342 383 33,330 75, 231 108, 561 52, 444 382 113,467 46,342 78 633 39,099 220, 984 96, 453 96 618 45,674 230,130 81, 746 711 260,083 96,453 714 275, 804 81,746 44 622 16,234 82; 324 57,914 53 614 17,092 81, 714 55, 263 666 98, 558 57,914 667 98, 806 55,263 20 732 1, 405 126,160 98, 881 25 726 5,280 122, 605 83, 898 752 127, 565 98, 881 751 127,885 83,898 52 503 8,638 84, 516 61, 374 59 '• 490 11,944 81, 666 58, 384 555 93,154 | 61,374 549 93, 610 58, 384 39 343 4,750 58,410 ; 42,610 46 335 6, 987 56, 495 39, 720 382 63,160 42, 610 381 63, 482 39, 720 66 989 1,055 28, 395 150, 908 90, 285 33, 910 147, 361 83, 597 179,303 90,285 91 965 1, 056 181, 271 83, 597 45 447 3,880 66, 043 42,492 58 434 5,454 64,552 39, 566 492 69,923 42,492 492 70,006 39,566 118 667 7,825 55,618 32,744 131 641 9,040 53,983 29, 735 785 63,443 32,744 772 63,023 29, 735 244 789 1,033 20, 805 66,123 40,534 261 762 23,205 63,483 38,053 86,928 40,534 1, 023 86, 688 38,053 128 517 12, 592 68,645 45, 279 146 503 14,185 70,032 43,088 645 81, 237 45 r 279 649 84,217 43,088 132 452 12, 219 89, 902: 53,323 146 428- 17,314 85, 071 49, 567 102, 121 53,323 574 102,385 49, 567 17' 366 - Capital Apr. 6, 1925 584 : 221 REPORT OP THE COMPTROLLER OP THE CURRENCY TABLE NO. 24.—Number, capital stock, and circulation outstanding of national banks in each Federal reserve district issuing and not issuing circulating notes December 31, 1924, and April 6, 1925—Continued [In thousands of dollars] Dec. 31, 1924 Federal reserve districts Nonmember national banks (Alaska and Hawaii): Banks not issuing circulation Banks issuing circulation __ Total Total United States, all national banks: B anks not issuing circulation Banks issuing circulation Total Number of banks Capital Apr. 6, 1925 Circulating notes Number of outstand- banks ing Capital Circulating notes outstanding 3 3 200 600 511 3 3 200 600 488 e 800 511 6 800 488 7,063 189,372 1,145,464 1,147 714, 844 6,869 232, 521 1,128, 923 649,447 8,049 1,334,836 714,844 1, 361,444 649,447 8,016 TABLE NO. 25.—National-bank notes issued redeemed, and outstanding, by denominations and amounts, on October 31, in each year from to to 1914 to 1925, inclusive to [For prior years see annual report 1920] Year Ones $23,169,677 1914. Issued ._ 22,826,918 Redeemed-_ Outstanding 342, 759 Issued _ 23,169,677 1915 22,827,374 Redeemed. Outstanding 342,303 Issued . . 23,169,677 1916 Redeemed . _ 22,827,540 Outstanding 342,137 Issued -1917 23,169, 677 Redeemed 22,827, 605 Outstanding 342,072 1918 Issued - . 23,169, 677 Redeemed 22,827, 605 Outstanding 342,072 23,169, 677 1919 Issued . 22,827,605 Redeemed 342,072 Outstanding 23,169, 677 1920 Issued 22.827, 771 Redeemed 341,906 Outstanding 23,169,677 1921 Issued 22,827,833 Redeemed 341,814 Outstanding 23,169, 677 1922 Issued 22,827,833 Redeemed 341,844 Outstanding 23,169,677 1923_... Issued 22,827,833 Redeemed 341,844 Outstanding 23,169, 677 1924._._ Issued 22.828, 230 Redeemed 341,447 Outstanding. __ _ 1 9 2 5 . . . . Issued 23,169, 677 . Redeemed . 22,828,230 Outstanding 341,447 Twos $15,495,038 15,331,256 163,782 15,495,038 15,331,486 163,552 15,495,038 15,331, 570 163,468 15,495,038 15,331, 646 163,392 15,495,038 15,331, 646 163,392 15,495,038 15,331,646 163,392 15,495,038 15,331, 750 163,288 15,495,038 15,331,848 163,190 15,495,038 15,331,848 163,190 15,495,038 15,331,848 163,190 15,495,038 15,332,144 162,894 15,495,038 15,332,144 162,894 Fives $1,878,699,460 $2,895,206,210 1,664,207,600 2,418,848,790 214,491,860 476,357,420 1,953,573,660 3,068,708,690 1,827, 511,370 2,732,775,070 335, 933,620 126,062,290 2,031,826,880 3,235, 914,290 1,919,643,440 2,926,062,500 112,183,440 309,851, 790 2,108,123,060 3,385,973,520 1,998, 613,640 3,086,402,180 299, 571,340 109, 509,420 2,180,457,660 3,499,038,440 2,062,530,045 3,208,165,630 117, 927,615 290,872,810 2, 277,156,200 3,652,918,890 2,134,883,895 3,370,458,280 142, 272,305 282,460,6C0 2,383,521,060 3,863, 905,000 2,257,861,600 3,558,475,410 125,659,460 305,429,590 2, 530,964,740 4,141, 546,970 2,399,196,590 3,826,073,620 131, 768,150 315,473,350 2,685,116,700 4,395,016,970 2,544,935,255 4,072,078,350 140,181,445 322, 938,620 2,839,923,800 4,647,494,460 2,692,170,185 4,323,779, 650 323, 714,810 147,753, 615 2, 986,182,620 4,894,019,390 2,836,525,360 4, 568, 745,090 325, 274,300 149,657, 260 3,116,207,920 5,114,836,580 2,982,116,315 4,815,862,380 134,091,605 298,974,200 N O T E 1. First issue Dec. 21,1863; first redemption, Apr. 5,1865. N O T E 2. Gold notes included since 1915. N O T E 3. Fractions a n d nonassorted notes not included. Tens Twenties Fifties $1,699,697,920 $268,555,450 1,402,446,080 200,356,100 297,251,840 68,199,350 1,800,204, 940 278,464,450 1,555, 221,880 247,251,800 31,212,650 244,983,060 1,895,074,220 287,566, 300 1,657,346,840 257,870,000 29,696,300 237, 727,380 1,980, 572, 240 295,589,900 1,738,203,080 265,712,200 242,369,160 29,877, 700 2,046,661,760 300,579, 200 1,798,100, 720 270,694,800 29,884,400 248, 561,040 2,134, 771, 820 311,156,350 1,900,338, 700 280,299,9C0 234,433,120 30,856,450 2,256, 235,520 321,370,450 2.012,790,440 291,508,450 '243,445,080 29,862,000 2,415,643,670 332,564, 950 2,173,273,160 304,103, 200 242, 370, 510 28,461, 750 2,561, 245,350 342,216,050 2,312,253,700 315,487, 700 248, 991, 650 26,728,350 2,705, 631, 630 353,112,650 2,456,824,520 325,072,850 28,039,800 248, 807,110 2,847,074,790 362,802, 750 335,219,0C0 2, 599,117, 260 247, 957, 530 27,583, 750 2,975, 540, 250 370,484,550 2,743,128, 860 345,017,800 232,411,390 25,466,750 One hundreds $403,231,450 337,694,300 65,537,150 411,536,200 369,129,900 42,406,300 418,407,000 381,368,900 37,038,100 424,100,400 389,040,200 35,060,200 427,777, 200 393,559, 500 34,217,700 435,249,100 402,042,300 33,206,800 442,267,100 411,724,400 30,542, 700 449,880,5C0 421,019,300 28,861, 200 456,449,900 429,753,200 26,696, 700 463,738, 500 436,442,500 27,296,000 470,320,400 443,579,000 26,741,400 475,141,600 450,454,100 24,987, 500 One thouFive hundreds sands $11,947,000 $7,379,000 11,860,500 7,357,000 86,500 22,000 12,289,500 7,454,000 12,201,000 7,432,000 88, 500 22,000 12,289, 500 7,454,000 12,201, 500 7,432,000 22,000 88,000 12,289, 500 7,454,000 12,201,500 7,433,000 88,000 21,000 12,289, 500 7,454,000 12,201, 500 7,433,000 88,000 21,000 12,289, 500 7,4.54,000 12,201,500 7,433,000 21,000 88,000 12,289, 5C0 7,454,000 12,202,000 7,433,000 21,000 87, 500 12,289, 500 7,454,000 12,202,000 7,433,000 87, 500 21,000 12,289, 500 7,454,000 12,202,000 7,433,000 87,500 21,000 12,289, 500 7,454,000 12,202,000 7,433,000 87,500 21,000 12,289, 500 7,454,000 12,202,000 7,433,000 21,000 87, 500 12,289, 500 7,454,000 12,202,000 7,433,000 87,500 21,000 Total $7,203,381,205 6,080,928,544 1,122,452,661 7,570,896,155 6,789,681,880 781,214,275 7,927,196,905 7,200,084, 290 727,112,615 8,252,767,335 7,535, 765,051 717,002,284 8,512,922,475 7,790,844,446 722,078,029 8,869,660, 575 8,145,816, 836 723,843, 739 9,325,707, 345 8,590,154, 821 735,552, 524 9,929,009,045 9,181,460,551 747,548,494 10,498,453,185 9,732,302, 886 766,150,299 11,068,309, 255 10,292,084,386 776, 224,869 11,618,808,165 10,840, 981,084 777,827,081 12,110, 919,115 11,394,374,829 716,544,286 Issued during current year w $818,227,830 ^ O o "364,"049,"7l6 H a 356,300,750 fcrj "" o 325,570,430 O ^ »TJ H 260,155,140 ._ 356,738,100 - W o £ - £ 456,046,770 — ^ O "663,"36I,"7OO _ "569,"444,"l40 ^ H M M 569,856,070 Cj ..__ w 550,498,910 W- W; IZI: O' 492,110, 950 Kj REPORT OF THE COMPTROLLER OF TH3 CUBEBNCY 223 TABLE NO. 26.—National-bank currency issued to banks monthly from November 1, 1924, to October 31, 1925, and since 1863 Issued on account of redemptions Total issued Grand total issued 1924 November December January February March April May... June. July August September October Issued on bonds $37, 392,970 40, 607, 310 1925 ,_.. ___ . _ ... __.. Total $1, 777,150 1, 643, 000 $39,170,120 $11, 657, 978, 285 42, 250,310 11, 700, 228, 595 46, 762, 040 34, 636,030 38, 736, 240 37,673, 200 40, 991, 070 40, 727, 210 39, 548, 820 37, 334, 420 35,404, 730 40,329, 450 1,419, 700 1,491,250 2, 473, 670 2,094, 380 2,165, 740 1,908, 410 2, 060, 200 2, 310, 250 971, 750 1,651,960 48,181, 740 36,127, 280 41,209,910 39, 767, 580 43,156, 810 42, 635, 620 41, 609, 020 39, 644, 670 36,376, 480 41,981, 410 470,143 3 490 21,967, 460 492,110, 950 11,748,410,335 11, 784, 537,615 11,825,747,525 11,865,515,105 11,908,671,915 11,951,307,535 11,992,916,555 12, 032, 561, 225 12, 068, 937, 705 12,110, 919,115 TABLE NO. 27.—National-bank notes received monthly for redemptionl by the Comptroller of the Currency during year ended October 31, 1925 Received by the Comptroller of the Currency From national From the redemption agency banks in connection with reduction of circulation J For replaceRetirement and replacement with account ment with new notes new notes Months November December January February.March April.. May..__ June July..... August. September October 1924 _ $2,217 6,850 $36,809,530 41,402,150 $2, 491, 440 2, 943, 050 $39, 303,187 44,352,050 19,150 7,345 2,800 260 3,950 3,100 3,900 4,550 10, 550 36,000 46, 621,470 34,150, 465 • 39, 213, 850 37,881, 098 41,172, 440 40, 681, 625 40, 265, 700 36, 209, 363 35, 903, 997 39, 734, 650 3, 747, 570 7,952, 595 10, 639, 850 9, 671, 090 9,836, 770 8,154, 290 8,149, 810 6, 323, 445 6,201, 040 6,331,905 50, 388,155 42,110, 405 49,856 500 1925 _ , 1 . Total _ .... Received from June 20, 1874, to Oct. 31, 1924 _ Grand total 1 Total 100, 637 470, 046, 338 58, 343, 363 ), 053,144,320 1, 569,829,910 10, 681, 317, 594 58, 444, 000 i, 523,190, 658 1, 652, 272, 765 11, 233, 907, 424 Notes of gold banks not included in this table. 82,442,855 47, 552,448 51,013,160 48, 839, 015 48, 419,410 42, 537, 358 42,115. 587 46,102, 555 552, 589,830 224 REPORT OF THE COMPTROLLER OE TEE CURRENCY TABLE NO. 28.—National-bank notes received at currency bureau and destroyed yearly since the establishment of the system Date Prior to Nov. 1,1865 During the year ended Oct. 31— 1860 1867 1868 1869 1870 1871 1872 1873 1874 1875 1876 1877 1878 1879 1880 1881 1882 1883 1884 1885 1886 1887 1888 1889 1890 1891 1892 1893 1894 1895 1896 1897 . - Date Amount _ - __. . $175,490 1,050,382 3,401,423 4,602, 825 8,603, 729 14,305, 689 24,344,047 30.211,720 36,433,171 49, 939, 741 137,697, 696 98,672, 716 76,918,963 57,381, 249 41,101, 830 35, 539, 660 54,941,130 74,917, 611 82,913, 766 93,178,418 91,048,723 59, 989, 810 47, 726, 083 59, 568, 525 52, 207, 627 44,447,467 45,981, 963 43,885, 319 44,895,466 62,835,395 46, 997, 527 53,613,811 83,159,973 Amount During the year ended Oct. 31— 1898 1899 1900 1901 1902 1903 1904. . 1905 1906 1907 1908 1909 1910.. 1911 1912 1913 1914 1915 1916 1917 1918 1919 1920 1921 1922 1923 1924L 1925: $66, 683,467 59, 988, 303 71, 065, 968 90,848,100 107, 222,495 140,306, 990 167,118,135 195,194, 785 191,102, 985 197, 932,847 231,128, 140 348,159, 995 359,496, 000 409, 835, 965 428, 399, 608 426, 282, 840 435,904,280 362, 551,125 351,717,477 298,468,107 238,184,520 330,106, 555 424, 542, 837 570,887, 902 537,153, 570 542,194, 707 522, 241, 817 470,146, 975 - . -. Additional amount of insolvent and liquidating national-bank notes destroyed Gold notes .__ Total 1,662, 991, 092 3, 390, 560 11, 394, 605, 995 I n addition $46,115 destroyed in t r a n s i t . TABLE NO. 29.—National-bank notes issued during each year from 1914 to 1925, inclusive, national-bank notes of active, insolvent, and liquidated banks destroyed, total destructions for each year, and percentage of destructions to issues [For prior years, see annual report 1920] Destroyed Year ended T A Oct. 31— 1914 1915 1916 1917 1918 1919 1920 1921 1922 1923 1924 1925 $818, 227,830 364, 049, 710 356,300, 750 __ 325, 570,430 260,155,140 356, 738,100 456, 046, 770 603, 301, 700 569, 444,140 569, 856, 070 550,498. 910 __ 492,110, 950 insolvent Active banks and liquidated banks $435, 904,280 362, 551,125 351, 374,597 298, 468,107 236,296,660 330,106, 555 424, 542, 837 570,887, 902 537,153, 570 542,194, 707 522, 241,817 470, 950, 865 $20, 246,418 342,807,352 59, 026,804 38, 901, 595 20, 238, 717 24,864, 635 19, 794, 540 20, 417, 025 13, 688, 630 17, 586, 750 26,654, 568 82,442,855 Total $456,150, 698 705, 358, 657 410,401,401 337, 369, 702 256, 535, 377 354,971,190 444, 337, 377 591, 304, 927 550, 842, 200 559, 781, 457 548, 896, 385 553, 393, 720 Per cent destructions active banks to Total outstanding issues $1,121,468,911 781, 268, 793 726,069, 290 716, 276,375 721,471,137 722,394,325 732,549,629 743, 288, 847 760, 679,187 772, 606, 269 774, 281, 624 713, 802, 744 r 53.27 99.59 98.62 91.68 90.83 92.53 93.09 94.62 94.33 95. 14 94.86 95.70 Percent destructions to issues 55.75 193. 75 115.18 103. 62 98. 61 99.50 97. 43 98.01 96. 73 98. 23 99. 73 112. 45 225 KEPQB.T OP THE COMPTROLLER OF THE CTJEEENCY NO. 30.—Amount, denomination, and cost of national-bank currency received from Bureau of Engraving and Printing, year ended October 31, 1925 D enoffiin at ions 5, 5, 5, 5. 10, 10, 10, 10 H), 10, 10, 20L 50, 50, 50, 100; __ Amount _ . Cost of Cost of paper printing, etc. Total cost $131, 470, 740 27? 002.000 328,301,750 _. 12,607,000 $51,015.61 5, 249. 35 49, 707. 89 391. 09 $352, 034. 02 36,056. 95 343, 281. 82 2, 703. 00 $403,049. 63 41,306. 30 392, 989. 71 3,094. 09 491, 441, 490 106, 363. 94 734,075. 79 840, 439. 73 Total TABLE N O . 31.—-Vomit account of currency received and issued by currency bureau during the year and the amount on hand October 31, 1925 NationaRmnk currency in vaults at the close of business, Oct. 31,1924__.,__i.__.._ $231,680,020 National-bank currency received from Bureau of Engraving and Printing during the year ended Oct. 31,1925., _ ._._ 491,441,490 Total to be accounted for _ Amount issued to banks during year Amount withdrawn from vaults and canceled-_. $492,110,950 11,046,840 Total withdrawn 723,121,510 503,157,790 Amount in vaults at close of business, Oct. 31, 1925 219,963,720 TABLE NO. 32.—Vault account of currency received and destroyed during year ended October 31, 1925 Amount in vault of redemption division of currency bureau, awaiting destruction at close of business Oet, 31, 1924 ^-_. . . $3, 606, 550 Amount received during year ended Oct. 31, 1925 . 552,589,830 Total. -____._.-_ — . Withdrawn from vault and destroyed during the year... Balance in vaults Oct. 31, 1925 .„ _ .___..___ 556,196,380 553,393, 720 2,802,660 TABLE NO. 33.—Amount of currency received for redemption by months, during the year ended June 30, 1925, and counted into the cash of the National Bank Redemption Agency Months July August September October. November December January February March April May June ._ 1924 1925 --. . Total National-bank notes Federal reserve reserve- Federal notes bank notes $47,819, 451.00 43,122, 333. 50 43, 593,159. 00 44, 402, 216. 00 37, 080, 555. 00 43, 682,160. 00 $402, 625.00 391,829. 00 347, 049. 00 315, 089. 00 243,066. 00 315, 511. 00 53,173, 590. 00 42,112,397.00 48, 374; 911. 00 49,568,576.50 51,185, 532. 00 50, 635.164. 00 216, 064. 00 283, 419. 00 219, 581. GO 205, 044: 00 204, 354. 00 170, 998. 00 554, 750, 045. 00 3,314,629.00 United States currency Total $1,824,840.00 $10, 816. 02 $50,057,732.02 1, 602, 477. 50 7, 493. 21 45,124,133. 21 886,090.00 9, 675. 61 44,835,973. 61 598, 550. 00 7, 556. 02 45, 323, 411. 02 9,169; 34 38, 591, 030. 34 1,258,240.00 2, 064, 305. 00 2,979.96 46, 064, 955. 96 1, 823,980. 00 1,249,130. 00 1, 533,910.00 1, 378, 870.00 1, 214, 055. 00 1, 294, 405. 00 10, 096. 86 10, 915. 04 4,563. 25 10, 782.14 10, 209. 69 3, 924. 19 55, 223,730.86 43, 655, 861.04 50,132,965. 25 51,163, 272. 64 52, 614,150. 69 52,104, 491.19 16, 728, 852. 50 «, 181. 33 574,891, 707. 83 226 REPORT OF THE COMPTROLLER OF THE CURRENCY TABLE NO. 34.—Amount of currency received by National Bank Redemption Agency for redemption during year ended June 80, 1925', from principal cities and other sources. Boston New York Philadelphia Cleveland Richmond Atlanta Chicago. St. Louis Minneapolis $43,185,300.00 101,834,400.00 47,396,753.50 19, 740, 500. 00 27,928,460.00 14,159,255. 00 62,721,217.50 13,956, 900. 00 .._ 11,678,550. 00 _ . Kansas City Dallas San Francisco Cincinnati Baltimore New Orleans Other sources. __ ______ $13,183,500.00 13,497,885.00 17,024,901.00 14,294,000. 00 10,702,400.00 6,575,970.00 157,039,806.02 Total. 574,919,798. 02 NOTE.—The difference of $28,090.19 between the totals shown by this table and Table No. 33 represents the net adjustments for overs, shorts, and supurious issues found in remittances received. The total amount of currency of all issues received by the national bank redemption agency and counted into cash from June 30,1874, to June 30, 1925, exclusive of deductions for shortages and spurious issues, is $15,940,080,927.09. TABLE NO. 35.—Classification of national and Federal reserve currency redemptions , the amount of each class redeemed, the rate per $l,000t and the amount assessed on account of expenses, year ended June 803 1925 Classes Federal reserve notes: Redeemed in regular course of businessFit for use Unfit for use Received from Federal reserve banks and branchesCanceled and uncanceled Federal reserve bank notes: Redeemed on retirement account _ National bank notes: Redeemed out of 5 per cent f u n d Fit for use -Unfit for use Redeemed on retirement account.__ Total Rate per $1,000 Amount redeemed $851,800.00 15,088,000.00 Amount of expenses $0. 63672223 . 44968451 $542. 36 6, 784.84 1,296,422,050.00 . 10546505 136,727. 22 3, 420,137.00 1. 33362201 4, 561.17 1,538,000.00 486, 212, 802. 50 65, 558, 260. 00 .84488296 . 85590463 . 64582571 1, 299. 43 416,151. 79 42, 339. 21 1, 869, 091, 049. 50 . 32550903 608, 406. 02 NOTE.—The average cost per $1,000 for all notes redeemed through cash was $0.82. Average cost for redemption of national-bank notes, $0.83; Federal reserve bank notes, $1.33; and Federal reserve notes $0.46. Canceled Federal reserve notes amounting to $1,296,422,050 received direct from Federal reserys banks and their branches were not counted into cash, and therefore were not taken into consideration in arriving at the average cost of redemption. The average rate per $1,000 for expense of redemption on t h e . latter class was $0.11. TABLE NO. 36.—Cost of redemption of Federal reserve and national currency for year ended June 80, 1925 Charges for transportation, including postage, insurance, and express charges.. Other charges: Office of Treasurer of the United S t a t e s Salaries $383,178.17 Printing, binding, and stationery 5,998.77 Contingent expenses 5,070.65 Office of Comptroller of the Currency— Salaries.... Printing, binding, and stationery Contingent expenses Total 67,903.99 1,772.03 490.38 $143,992.03 $394,247.59 70,166.40 464,413.99 608,406.02 227 REPORT OF THE COMPTROLLER OF THE CURRENCY TABLE NO. 37.—Taxes assessed on national-bank circulation, years ended June1 SO, 1864, to 1925; cost of redemption, 1874 to 1925; cost of plates and examiners fees, 1883 to 1925 Year 1864-1882. 1874-1882. 1887. 1889_. 1890_. 1891.. 1892 1893.. 1894.. 1895.. 1896.. 1897.. 1898.. 1899.. 1900_. 1901.. 1902.. 1903. 1904. 1905.. 1906. 1907.. 1908.. 1909. 1910. 1911 . 1912. 1913.. 1914. 1915. 1916. 1917. 1918. 1919. 1920. 1921.. 1922 1923.. 1924. 1925. Total Semiannual duty on circulation Cost of redemption of notes by the United States Treasurer Assessment for cost of plates, new banks Assessment for cost of plates, extended banks Assessment for cost of plates, additional or duplicate $52, 253,518. 24 $1,971, 587.10 147, 592. 27 3,132, 006. 73 160, 896. 65 3,024, 668. 24 181,857.16 2, 794, 584. 01 168,243. 35 2, 592, 021. 33 138, 967. 00 2,044, 922. 75 141,141. 48 1,616, 127. 53 131,190. 67 1,410,331.84 107, 843. 39 1,254, 839. 65 99, 366. 52 1,216,104. 72 100, 593. 70 1,331, 287. 26 103,032.96 1,443, 489. 69 107,445.14 1, 721,095.18 100,352. 79 1, 704, 007. 69 114,085.63 1,851, 676.03 125,061. 73 2,020,703.65 125,924. 35 1,901,817.71 121,291. 40 1,991,743.31 122,984. 76 1,881, 922. 73 146, 236.18 1, 599, 221. 08 153, 796. 33 1,633, 309.15 174,477.62 1, 708, 819. 92 219,093.13 1,928, 827. 49 247, 973. 26 2,163, 882. 05 250, 924. 24 2, 509, 997. 80 233,650. 52 2,806, 070. 54 270,840. 21 3,090, 811. 72 396, 743.15 3,190, 543. 04 434,093.10 3, 463, 466. 68 443. 380.12 3, 567,037. 21 505, 735. 21 3, 690, 313. 53 517,842. 93 3,804, 762. 29 529,013. 36 3,889, 733.17 r 1 3, 901, 541.18\ 498, 328. 60 L 2,977,066.73 450,150. 22 3, 744, 967. 77 420,160. 42 3, 533, 631. 28 412, 785. 92 3, 656, 895. 34 528,424. 24 3,627,060.80 974, 058.11 3, 706, 901.15 1,115,146. 00 3,806, 590.02 3, 941, 461.17 2 594,168. 70 514, 598. 55 4,030, 336. 30 527,979. 90 4,063, 708. 32 459, 790. 43 3, 661, 819. 45 170,885,643. 47 1 2 15, 288,848. 50 $25,980 $34,120 18,845 1, 950 13,150 97, 800 14,810 24, 825 18,850 1,750 14,100 3, 900 12, 200 575 24,175 725 18, 575 7,200 8,100 15, 700 14, 225 5,200 4,375 4,050 4,950 6,875 5,450 3, 750 3,050 1,700 5,275 1,775 8,200 2,850 29, 200 15,050 85,975 13, 500 43,200 14,425 54, 475 40,325 45, 500 12,600 47,825 64, 800 54,150 31, 450 76, 275 12, 975 48,450 10,025 31,475 10,800 55,125 17, 500 27,875 22, 375 22,740 28,190 28,560 19, 805 11, 560 8,500 16, 660 13, 855 9,700 10, 085 6,000 9,200 16, 770 11,120 15,600 15,340 31,850 28, 990 31,070 82,160 18, 244 52, 780 23,464 5,850 18, 756 3,556 22,133 1,097,802 759,141 $4,130 6,975 6,300 11,175 3,420 6,460 9,100 7,590 20, 770 12, 670 17,226 25, 262 31, 388 162, 466 Assessment for examiners' fees and salaries (sec. 5240, U. S. R. S.) Total $52, 253, 518. 24 1, 971, 587. 10 3, 434,305.16 3,306,001.94 3,195,172. 90 2, 907,172. 51 2,314, 709. 63 1, 897,046. 87 1, 685,023. 30 1, 524,355. 75 1480,215.63 1^617,664.64 1, 728, 392. 24 2,088,932.11 2,054, 437. 75 2,212,765.17 2,373, 374. 30 2, 260, 237. 33 2,368, 988. 33 2,308, 322. 35 2,122, 748. 33 2,152,027.11 2,302, 696. 51 2, 552, 915. 94 2, 912, 787. 70 3,243, 288. 27 3, 554,128. 71 3,849, 524. 68 4,140, 489. 26 4,494,223. 81 4, 552,936. 38 4, 777,278. 50 4, 934,155. 44 4,965,713.99 7,954,926. 21 536, 299. 70 577, 762. 64 4, 796,085. 63 849, 815. 96 4,825, 267. 66 994, 626. 18 5,101,297. 44 5,24-4, 992.42 1,050, 977. 38 5,946, 596.04 1,184, 026. 78 6,817,030.81 1, 769,394. 79 6, 783, 389.86 2,159, 509.99 6, 744, 902. 70 2,145, 391. 85 6, 938, 932. 76 2,293, 544. 54 6,343, 560. 34 2,199, 807. 46 $94, 606. 16 99, 642,05 107, 781. 73 107,272. 83 110,219.88 121, 777. 86 130, 725. 79 136, 772. 71 138, 969. 39 161,983. 68 162, 444. 59 251,966. 79 238, 252. 27 237,803. 51 222,858. 92 225,445. 27 244,903. 62 259,164. 86 277,816.07 307,296. 63 324, 598. 97 346,895. 32 388,307.39 396, 766. 23 425,157. 65 429,397. 75 510,928.07 524,039. 03 492, 269. 05 526,169. 76 556, 210. 22 520, 607. 46 24,840, 208. 78*7'213,034,109. 75 Tax collected on additional circulation under act May 30,1908. Average cost per $1,000 for national-bank notes redeemed in 1922, $0.95; in 1923, $0.95; in 1924, and in 1925, $0.83. 228 EEPOET OP THE COMPTTtOLLEK OF T H E CTJEEE-KCY TABLE NO. 38.—Federal reserve notes outstanding according to weekly statement (amount issued by Federal reserve agents to the banks, less "unfit" notes returned for redemption), amount secured by gold, and amount secured by commercial and other eligible paper, from November 5, 1924, to October 28, 1925 [In thousands of dollars] Date Federal reserve notes outstanding Amounts secured by gold Amounts secured b y commercial and other paper 1924 Nov. 5 12 19 26 Dec. 3 10 17 24 31 _ $2, 252, 367 2,255,532 2,254,425 2,248,213 2,. 262, 896 2 r 200,892 % 216,729 2,253,234 2,244,961 _ — — 1925 Jan. 7 * _ 14 - - . 21 28-_ Feb. 4 11 18 25 Mar. 4 ..... 11 18 25. Apr. !_„.._„.„.._....._....„. 15 22 29 May 6 13 20 27 June 3 . 10 17 24 July 1--615. 22._ 2<L . ,_. -... - - --. Au %5::::::::::::::::::::::::::: 19 26 Sept. 2__9 ^•15 23 m*. !^n 30 Oct. 7 14 21__. 28 -. 2,202,002 2,144,712 2,099,962 2,073,168 2,055,967 2,055,638 2,057,731 2,052,673 2,050,319 2,040,508 2,031, 838 2,018, 223 2,019, 963 2, 020,173 2,025,361 2,017,175 2,000,685 2,000,009 1,986,076 1,985,011 1,973,093 1,963,638 1,969, 808 1,955, 308 1,941,511 1,935, 111 1,927,102 1,932, 080 1,921,942 I, &Wf 648 1,913,243 1,909,113 1,966,941 1,915, 606 1,925, 589 1,95&, 543 1,975,628 1,987,159 1,980, 294 1,994,942 2, 010, 747 2,012, 503 2,007,072 $.1,989,213 1,970,011 1,933,981 1,926,215 1,905,730 1,836,288 1,822,424 1,747,218 1,702,306 1,729,267 1,744,250 1,744,722 1,730,679 1,726,231 •t, 712,416 :t,701,939 1,603,443 t, 597,655 •L, 612, 227 L, 623, 983 L, 600,051 L, 588, 385 L, 518,503 t, 554,000 L, 563,377 t, 547,198 1,564,821 [, 581, 014 L 531,216 1,521,237 1,504,694 1,516,627 1, 500,333 1,473,117 1,459,127 1,461,028 1,472,241 1,45(1802 1,447>58 1,436,480 1,447, 740 1,437,985 1,444,444 1,441,993 1,451,175 1,489, 568 i, 405,694 1,381,941 1,365, 341 1,372,943 1,3W, 178 1,377,127 • $263,154 285, 521 320,444 321,998 357,166 364,604 394,305 506, 016 542,655 472,735 400,462 355,240 342,489 329,736 343,228 355, 792 449,230 452,604 428, 281 407, 855 418,172 431, 578 506', 670 471,361 453,798 453,487 435,188 405,062 453, 795 451, 856 458,944 453,181 454, 9-75 468,394 475,984 466,074 459, 839 465,140 468, 690 476, 763 461, 373 468,956 471,162 483,5% 502, 368 486, 060 581,465 598,353 629,601 637, 804 613,325 629,945 TABLE NO. 39.—Federal reserve notes printed, shipped, and canceled, issued to banks, retired, and destroyed since organization of the banks, with the balance in vaults and amount outstanding October 31, 1925 VAULT BALANCE OCTOBER 31, 1925 Fives Total printed Total shipped and canceled Tens Twenties Fifties One hundreds Five hundreds One thousands Five thousands .Ten thousands Total $4, 099, 500, 000 $4, 784, 720,000 $5,177,440,000 $1,099,400,000 $786,400, 000 $161, COG, 000 $325,600,000 $108,000,000 $184,000,000 $16,726,060, 000 3, 793,460, 000 4,424,160,000 4,768,480,000 998, 000, 000 700,400, 000 107,800,000 234,800,000 76,000,000 184, 000,000 15, 287,100, 000 Total on hand... _ _ 306,040, 000 360,560,000 408,960,000 101,400,000 86,000,000 53, 200,000 90,800,000 32, 000, 000 1,438,960, 000 O $40,010, 000 33, 565,000 $62, 6$0, 000 | $16, 595,118, 930 48,430, 000 I 14, 590, 804,100 © fcrj ISSUED, R E T I R E D , A N D OUTSTANDING OCTOBER 31, 1925 $4,116, 520, 500 $4, 819,335, 540 $5,299,838,040 $1,066,109,550 $787,974,800 $108, 205, 500 $294,445,000 3,633,782, 000 4,394, 701,800 4,707,921, 500 75,189,500 206,035,000. 891,291,800 599,887, 500 Total issued Total retired Total outstanding. 482,738, 500 424, 633,740 591,916, 540 174,817,750 188, 087,300 33,016, 000 88,410,000 6,445,000 14,250,000 2,004,314,830 MUTILATED FEDERAL RESERVE NOTES, BY DENOMINATIONS, RECEIVED AND DESTROYED i5INCE ORGANIZATION OF BANKS AND ON HAND IN VAULT OCTOBER 31, 1925 Boston New York. Philadelphia Cleveland Richmond Atlanta __ Chicago _. St. Louis Minneapolis.-Kansas City Dallas .. San Francisco _ _._ Total received __ Total destroyed. _. Balance on hand $262, 511,885 856, 926, 725 295, 706,195 195, 989, 905 160, 267, 550 155, 802, 680 460, 449, 960 153,403, 265 92, 867,175 137, 083, 490 82,998,115 281, 614, 355 $470,314, 600 1,152,895. 670 360,409, 540 244,988, 780 182,220,450 156,839, 270 550, 553, 610 160, 272,890 87,889,360 102,864,18:0 82,333, 020 239,825, 290 $355,155,140 795,391, 080 430,428,040 476,222, 540 227,076, 300. 181,888, 820 633,532, 500 160,077,040 69,704, 220 115,622, 740 83,646,080 403,757,180 $32,397, 200 158,802,400 107,332,400 173,046,100 52,357, 30.Q 15, 802,150 122,970,100 18,806, 750 3,161, 750 6, 577, 650 6,480,400 36,209,150 $36,465,900 167,776, 200 37,639,600 3i, 751,100 25,861, 500 12, 579, 500 40,779, GOO 9,039, 400 4, 271,400 7, 829, 700 5, 598,400 50,404, 500 $2, 532, 500 28, 934, 000 1, 245, 000 2,442, 500 257, 000 872, 500 4,663, 500 858,500 323, 500 685, 000 317, 000 2,711, 500 $10, 292, 000 64, 073, 000 5, 218, 000 2, 698, 000 4,627, 000 2,315, 000 6,005, 000 1, 760, 000 660, 000 739, 000 652 000 5,045,000 $240,000 365,000 $340, 000 1,870,000 40,000 10, 000 140, 666 30,000 so, bob 10,000 230,000 100, 000 90,000 $1,170, 249, 225 3, 227,034,075 1, 237, 978, 775 1,127, 318, 925 652, 707.100 526, 099', 920 1, 819, 033. 670 504,457, 845 258, 877,405 371, 401, 760 262, 024, 695 \, 019, 756,' 975 3,135, 621, 300 3,133, 899, 050 3, 791,406, 660 3, 789,924,910 3,932,501, 660 3,930,610,660 733,943, 350 733,463,350 429, 996,200 429, 603, 700 45, 842,500 45,801,000 104,084,000 104,037,000 845, 000 845, 000 2, 700, 000 2, 700, 000 12,176,940, 670 12,170, 884, 670 1,722, 250 1,481, 750 1,891, 000 392,500 41, 500 47,000 480,000 j o d w fed O l 6, 056, 000 NOTE.—During the year burned, badly mutilated, and fractional parts of Federal reserve notes amounting to $25,694.00 have been identified, valued, and to the bank of issue determined. NOTE.—Total new notes canceled and destroyed, $168,000,000. o CO TABLE NO. 40.—Aggregate amount of Federal reserve bank notes printed, issued, canceled, and redeemed, by denominations, since the inaugura- to CO tion of the Federal reserve systein, and amount on hand and outstanding October SI, 1925 o VAULT BALANCE OCTOBER 31, 1925 Ones Total printed Total issued and canceled Total on hand - $478,892,000 478, 892,000 ... . Twos _ __ Tens Fives $136, 232,000 136, 232,000 Twenties Fifties Total $132, 500, 000 121, 460,000 $24, 040, 000 16, 440, 000 $14,080,000 9, 760,000 $2, 600,000 200,000 $788, 344,000 762, 984,000 11,040,000 7, 600, 000 4, 320, 000 2, 400, 000 25, 360, 000 _ o % ISSUED, R E D E E M E D , AND OUTSTANDING OCTOBER 31, 1925 Total issued Total redeemed _ $478,892, 000 475, 578, 000 $135,192, 000 133,884, 000 $121, 460,000 120, 388,000 $16, 440, 000 16, 098, 000 $9, 760, 000 9, 245, 000 $200,000 169, 000 $761,944,000 755, 362,000 3, 314, 000 1, 308, 000 1, 072,000 342,000 515,000 31,000 6, 582,000 Total outstanding o o TABLE NO. 41.—Taxes assessed on Federal reserve bank currency, cost of redemption, and cost of plates for years ended June 30, 1915 to 1925 Semiannual taxes on circulation Year 1915 _ . 1916-1917 1918 1919 _ 1920 1921 1922 1923 1924 1925 _ „ _ _ _ . __ _ ._ - . Total . . _. . Cost of redemption of notes by the United States Treasurer -- _ $2, 325. 18 3, 590. 86 38, 750. 70 463,195. 96 1, 023, 344. 76 947, 405. 00 445, 944. 01 113,837. 32 2, 890. 88 . 3, 041, 284. 67 Assessment for cost of original plates 759, 629. 35 Total § H $1,800.00 2,200.00 $947.93 2, 353. 41 34, 419. 62 263, 616. 78 243, 517. 97 145, 890. 53 53,011. 08 11, 310. 86 4, 561. 17 Assessment for cost of additional or duplicate plates 23,810.00 390. 00 $540. 00 720.00 180.00 138,530. 00 88, 270. 00 136, 570. 00 2,140. 00 28, 200. 00 366, 950. 00 $1,800.00 5,065.18 5, 258. 79 41, 284.11 659, 955. 58 1, 375, 621. 54 1, 327, 492.97 593, 974. 54 166, 848. 40 14, 201. 74 4,561.17 4,196,064.02 B feJ a d TABLE N O . 42.—National banks in charge of receivers, year ended October 31, 1925, capital at date of organization and at date of failure, causes of failure, dividends paid while solvent, circulation outstanding at date of failure, lawful money deposited with Treasurer of the United States to redeem emulation, and total deposits at date of suspension Organization Name and location of banks Farmers and Drovers National Bank, Waynesburg, Pa First National Bank, Billings, Mont Mount Vernon National Bank, Mount Vernon, N. Y Second National Bank, Clarion, Pa Traders National Bank, Lowell, Mass Mesa County National Bank, Grand Junction, Colo First National Bank, Pensacola, Fla First National Bank, Sutton, W. Va First National Bank, Uniontown, Pa First National Bank, St. Cloud, Fla First National Bank, Bluffton, Ohio First National Bank, Newman, Calif :____. First National Bank, Eureka. S. Dak First National Bank, Fairneld, Idaho First National Bank, Medina, N. Dak First National Bank, Towner, N. Dak First National Bank, Hearne, Tex Farmers National Bank, Cooper, Tex First National Bank, Gridley, Calif-First National Bank, Cut Bank, Mont Commonwealth National Bank, Reedville, Va._. Picher National Bank of Picher, Okla First National Bank of Ranger, Tex Emmetsburg National Bank of Emmetsburg, Iowa :___:___. First National Bank, Beaver, Pa ... Corn Belt National Bank of Scotland, S. Dak First National Bank of Ambia, Ind First National- Bank of Desdemona, Tex First National Bank of Sipe Springs, Tex....... First National Bank, Marcus, Iowa First National Bank, Sidney, Nebr First National Bank of Bridgeport, Nebr Bannock National Bank of Pocatello, Idaho Charter No. Date Capital Total dividends paid during existence as a national banking association Failures Capital Receiver appointed Lawful Circulation Total outstanding deposits at at date of date of suspension failure money Cause deposited of failure $200,000 150,000 Dec. 12,1906 July 2,1910 A AB $100,000 37,500 $100,000.00 37, 500.00 $1,047,580.00 1,908,841.00 16,000. 00 92, 000. 00 245, 000.00, 200,000 50, 000 200, 000 Apr. 19,1911 June 21,1912 Oct. 20,1913 A A AB 200,000 49, 000 190,197 200,000.00 49,000.00 190,197.00 482,843. 00 376, 639. 00 2,978,922. 00 May 31,1905 Aug. 10,1880 Apr. 17,1902 Feb. 20,1864 Mar. 24,1910 Nov. 19,1900 May 25,1910 Nov. 28,1919 Mar. 30,1912 Apr. 24,1914 Sept. 29.1905 July 5,1894 Sept. 24,1914 Mar. 14,1918 Oct. 5,1909 6,1916 Jan. Feb. 3,1920 Jan. 26.1906 100,000 86,000. 00 50, 000 1,036, 343.00 35,000 31, 500. 00 60,000 1, 308,000.00 50.000 29, 500. 00 25,000 48, 500. 00 50,000 25, 500. 00 50,000 7, 500. 00 25, 000 26, 500. 00 25,000 20, 750. 00 25,000 20, 500. 00 50,000 178, 000. 00 50, 000 40, 000 25, 000 24, 250. 00 25, 000 6, 000. 00 100, 000 50, 250. 00 25. 000 100,000 500, 000 50,000 100,000 50, 000 50, 000 50, 000 50,000 25,000 25, 000 25, 000 50, 000 50, 000 40, 000 50, 000 25. 000 100, 000 200,000 Nov. 29,1913 Jan. 22,1914 Aug. 29,1914 Jan. 19,1915 Jan. 2,1918 Nov. 17,1919 Jan. 31,1920 Aug. 20,1920 Aug. 26,1920 Dec. 20,1920 Dec. 28,1920 Jan. 21,1921 Jan. 28,1921 Jan. 29,1921 do. Feb. 16,1921 Feb. 21,1921 Mar. 2,1921 A A A A A A A A A A A C C B A A B C 100,000 489, 900 50, 000 100, 000 17,100 46,700 12, 500 100,000.00 489,900. 00 50,000. 00 100,000. 00 17,100. 00 46, 700. 00 12, 500.00 22, 400 22,400.00 444, 609. 00 1, 673, 245. 00 364, 021. 00 1,452, 581. 00 380, 776. 00 597, 357. 00 943, 689. 00 823, 254. 00 353, 781. 00 170, 529. 00 247,015. 00 128, 566. 00 541, 562. 00 210,855. 00 245, 675. 00 210, 663. 00 208,053. 00 1, 283, 599. 00 Dec. Feb. May July Sept. Nov. June Mar. Feb. July 50, 000 50,000 25,000 25,000 25,000 25, 000 100, 000 25, 000 25,000 50,000 50,000 50,000 25,000 25,000 25, 000 25, 000 50,000 50,000 25,000 100,000 Mar. 11,1921 Mar. 26,1921 Mar. 28,1921 Apr. 5,1921 Apr. 7,1921 Apr. 18,1921 May 18,1921 May 27,1921 d B A A A A A B B A A 22,000 47,900 22,000. 00 47,900.00 3097 Feb. 25,1865 Dec. 27,1883 $150,000 75,000 8516 3044 4753 Dec. 11,1906 Sept. 12,1883 June 10,1892 200,000 50,000 200,000 7766 2490 6213 270 9707 5626 9760 11527 10162 10581 7955 4976 10626 11164 9574 10827 11624 8072 8035 3850 11031 9510 11452 11525 9819 6201 9711 6347 23,1905 10,1888 28,1917 30.1909 2, 1919 6,1919 22.1910 12,1902 23,1910 15,1902 $597,750.00 321,350.00 77,000. 192,750. 1, 750. 11,250. 00 00 00 00 56, 500. 00 40,125.00 21, 500. 00 49,000. 00 June 11,1921 5,850 5,850.00 10, 900 21, 500 36, 000 5,800 23,700 24,995.00 10, 900.00 21, 500.00 36,000. 00 5,800. 00 23,700. 00 24, 600.00 23, 200 25, 000.00 23, 200. 00 21,100. 00 12,100. 00 424,812. 00 671,077. 00 264,775.00 24, 796. 00 112,917. 00 95, 627. 00 144, 284.00 265, 763. 00 112,121. 00 842, 093. 00 TABLE NO. 42.—National banks in charge of receivers, year ended October 81, 1925, capital at date of organization and at date of failure, causes of failure, dividends paid while solvent, circulation outstanding at date of failure, lawful money deposited with Treasurer of the oo United States to redeem circulation, and total deposits at date of suspension—Continued Organization Name and location of banks First National Bank, Crawford, Tex First National Bank, Moran, Tex The Havre National Bank of Havre, Mont First National Bank of Joplin, Mont _. National Bank of Cleburne, Tex Peoples National Bank, National City, Calif United States National Bank, Vale, Oreg First National Bank, Vale, Oreg ._ First National Bank, Burley, Idaho.-. _ Edwards National Bank, Booker, Tex Farmers National Bank, Big Sandy, Mont First National Bank, Wendell, Idaho Stockmen's National Bank, Poplar, Mont Still water National Bank, Absarokee, Mont First National Bank, Seeley, Calif National City Bank, Salt Lake City, Utah Second National Bank, Elkton, Md First National Bank, Myton, Utah State National Bank, Ardmore, Okla _. Corydon National Bank, Corydon, Ind First National Bank, Oak Grove, La _._ Farwell National Bank, Farwell, Tex First National Bank, Spencer, Nebr First National Bank, Ingomar, M!ont American National Bank, Billings, Mont First National Bank, Fresno, Mont Merchants National Bank, Wimbledon, N. Dak. First National Bank, Hope, N. Mex First National Bank, Mountainair, N. Mex First National Bank, Lawton, Okla First National Bank Colusa, Calif Commerical National Bank, Great Falls, MontSterling National Bank, Sterling, Colo Payette National Bank, Payette, Idaho First National Bank, Highwood, Mont Citizens National Bank, Laurel, Mont j Charter No. Date 10400 10874 9782 10929 4035 9512 9496 8528 10341 11408 11063 9491 11027 11066 10462 10308 4162 11702 10394 7760 11650 12005 7325 11465 11696 11096 8717 9441 11329. 5914 10072 10530 11972 8075 11131 8716 May 19,1913 June 5,1916 May 18,1910 Nov. 11,1916 May 6,1889 June 21,1909 July 8,1909 Jan. 14,1907 Feb. 20,1913 May 4,1918 July 25,1917 June 30,1909 Feb. 17,1917 Aug. 11,1917 Sept. 5,1913 Nov. 19,1912 Aug. 12,1889 Apr. 10,1920 May 6,1913 May 23.1905 Mar. 2,1920 Aug. 5,1921 June 18,1904 Aug. 16,1919 Apr. 5,1920 Oct. 3,1917 Sept. 17,1907 May 3,1909 Apr. 3,1919 July 18,1901 July 1,1911 Apr. 20,1914 May 2,1921 Jan. 9,1906 Dec. 29,1917 May 3,1907 Capital $30,000 25,000 50,000 25.000 75,000 25,000 75,000 25,000 30,000 25,000 50,000 25,000 25,000 25,000 25,000 250,000 50,000 25,000 100,000 125,000 50,000 25,000 25,000 25,000 150,000 25,000 30.000 25; 000 30,000 25,000 75,000 200,000 150,000 50,000 25,000 35,000 Total dividends paid during existence as a national banking association $5,400.00 6,250.00 30,500.00 429,375.00 6,500. 00 52,500. 00 20,000. 00 12,450.00 7,000.00 14,000.00 6,000.00* 122,500. 00 78,000.00 70,000.00 216,250.00 280,750.00 2, 500. 00 15,000.00 25,000.00 4, 500. 00 185y 250. 00 34,500.00 106,000.00 76* 750.00 7,500.00 7,700.00 Failures Capital $30,000 25,000 50,000 25,000 150,000 25,000 75,000 60,000 30,000 25,000 25,000 25,000 25,000 25,000 25,000 250,000 50,000 25,000 200,000 125,000 50,000 25,000 100,000 25,000 150,000 25,000 25,000 25,000 30,000 200, 000 150, 000 200,000 •150,000 75,000 25,000 35,000 Receiver appointed July 16,1921 Aug. 29,1921 Sept. i6,1921 do Oct. 27,1921 N o v . 7,1921 Nov. 15,1921 .do. Nov. 30,1921 Dec. 12,1921 Jan. 3,1922 Jan. 5,1922 Jan. 28,1922 Jan. 30,1922 .do. Feb. 3,1922 Feb. 18,1922 Feb. 24,1922 Mar. 4,1922 Mar. 8,1922 May 13,1922 June 26,1922 July 14,1922 Aug. 14,1922 Sept. 23,1922 Oct. 26,1922 Oct. 27,1922 Oct. 30,1922 Nov. 2,1922 Nov. 18,1922 Nov. 2% 1922 pec. 9.1922 Dec. 11,1922 Dec. 13,1922 Dec. 29,1922 Jan. 4.1923 Circulation Lawful outstanding money Cause deposited at date of failure of failure A B B B NA A B B B B B B A A B B C A A B C A AB A AC B B A B A B B A A A C $7,500.00 49,600.00 75,000.00 25,000.00 68, 750.00 11,900.00 24,300.00 $243,300 6, 250.00 243,300.00 99, 995 125, 000 2, 500. 00 99,995.00 125,000. 00 99,995.00 14,500. 00 10,000.00 17,750.00 147, 500 147, 500. 00 25,000.00 200,000.00 75, 000. 00 25,000. 00 35,000.00 Total deposits at date of suspension o $37,367.00 73,916.00 366,887.00 28,214.00 2,787,817.00 346, 714.00 279,326.00 122,449. 00 503,626. 00 52,387.00 30,033. 00 91,984.00 39,430. 00 170,037.00 36, 307.00 1,383,447.00 282,995.00 35, 888. 00 975, 659.00 984,671.00 32? 062.00 47,916.00 550,133.00 174,230. 00 499, 259. 00 27,357. 00 60,490.00 82,308.00 205,020.00 906,443.00 306,802. 00 1,067,638 475,881 201, 514 139, 808 215,807 H3 o i o H w o d First National Bank, Magdalena, N. Mex First National Bank, Broadview, Mont Commercial National Bank, Wilmington, N. C_. First National Bank, Winner, S. Dak First National Bank, Wessington Springs, S Dak First National Bank, Rupert, Idaho First National Bank, Warren, Mass First National Bank, Harlowton, Mont First National Bank, American Falls, Idaho First National Bank, Clifton, Ariz Springfield National Bank, Springfield, Ohio... First National Bank, Roundup, Mont First National Bank, Gregory, S. Dak__. First National Bank, Bottineau, N. Dak Llano National Bank, Llano, Tex _._ Farmers and Merchants National Bank, Jefferson, Iowa City National Bank, Jerome, Idaho First National Bank, Nampa, Idaho First National Bank, Rock River* Wyo First National Bank, Highland, Wis First National Bank, Joseph, Oreg Peoples National Bank, Salisbury, N. C First National Bank, Big Sandy, Mont First National Bank, Willow City, N. Dak First National Bank, Granfield, Okla First National Bank, Sapulpa, Okla First National Bank, Chester, Mont First National Bank, Henryetta, Okla First National Bank, Carroll, Nebr First National Bank, Colquitt, Ga First National Bank, Shelby, Mont Fairfield National Bank, Fairfield, Iowa Howard National Bank, Howard, S. Dak Roundup National Bank, Roundup, Mont First National Bank, Oswego, Mont First National Bank, Lovington, N. Mex First National Bank, Wells, Minn First National Bank, Mitchell, S. Dak Cavalier County National Bank, Langdon, N Dak American National Bank, Three Forks, Mont.. Lehigh National Bank, Lehigh, Okla__ City National Bank, Coalgate, Okla.. First National Bank, Grey Eagle, Minn First National Bank, Fairview, Mont First National Bank, Carter, Mont First National Bank, Hemingford, Nebr Union National Bank, Bel ait, Kans Texas County National Bank, Guymon, Okla.. 10268 10809 12176 11119 Aug. 27,1912 N o v . 26,1915 Apr. 17,1922 Dec. 15,1917 50,000 25, 000 200,000 30,000 17, 500. 00 11,500.00 9,000.00 50,000 Jan. 18,1923 Jan. 30,1923 25, 000 200 0G0 Jan. 31,1923 .do 30,000 6446 10429 11567 9270 8869 5821 2620 9165 8600 6085 5853 Sept. 25,1902 '< July 20,1913 Nov. ]14,1919 Oct. 27,1908 Aug. 1,1907 May :14,1901 Jan. 17,1882 May :22,1908 Feb. 22,1907 Dec. 17,1901 June 5,1901 25,000 25,000 50,000 50,000 25,000 30,000 100,000 25,000 25,000 25,000 25,000 75,250. 00 20,000. 00 2,000. 00 18, 500. 00 48,250.00 157,750. 00 161, 500. 00 34,750. 00 89,490.00 66,000.00 105,000. 00 50, 000 Feb. 5 1923 25,000 Feb. 7,1923 50, 000 Feb. 23,1923 50,000 Mar. 7,1923 50,000 Mar. 26,1923 100,000 Apr. 2,1923 100,000 Apr. 5,1923 50, 000 . _.do 50,000 Apr. 12,1923 50,000 do .. 50,000 do _._ B 12,100. 00 25, 000. 00 46,400. 00 94, 750. 00 21,400. 00 25, 000. 00 35,800. 00 4, 700. 00 10123 11578 8370 11342 10880 8048 9076 11004 6766 10006 5951 11105 6867 5957 6498 10953 8986 10780 10675 11134 11029 4669 2645 Dec. Dec. Sept. Apr. June Dec. Mar. May Apr. Apr. Aug. Nov. June Aug. Oct. Dec. Dec. Aug. Oct. Jan. May Dec. Feb. 28,1911 22,1919 15.1906 24,1919 14.1916 11,1905 10,1908 9.1917 18,1903 24,1911 19,1901 15.1917 29,1903 21,1901 3,1902 14.1916 24.1907 13,1915 26.1914 8.1918 28.1917 12,1891 8,1882 40,000 30,000 25,000 25,000 25,000 25,000 100,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 60,000 25, 000 25,000 25,000 30,000 50,000 50,000 29,600. 00 40,000 Apr. 27,1923 30,000 M a y 24,1923 200,000 June 1,1923 50,000 June 14,1923 25,000 do 25,000 do 100, 000 July 3,1923 25,000 July 7,1923 25,000 July 12,1923 50, 000 July 21,1923 100, 000 July 30,1923 25, 000 do 50,000 July 31,1923 50, 000 Aug. 13,1923 50,000 Aug. 14,1923 25,000 Aug. 27,1923 60,000 Aug. 30,1923 25, 000 Sept. 1,1923 25,000 Sept. 6,1923 25,000 Oct. 5,1923 30, 000 Oct. 8,1923 100, 000 Oct. 22,1923 100,000 Oct. 23,1923 C A B A A A 9075 10996 5755 11676 8729 12015 10995 10242 6701 12179 Jan. Apr. Feb. Mar. May Aug. Apr. July Mar. Mar. 28,1908 30,1917 14,1901 10,1920 28,1907 26,1921 25,1917 27,1912 24,1903 24,1922 25, 000 40,000 25,000 50, 000 25, 000 40, 000 25,000 25, 000 25,000 25,000 126, 563. 00 32,000. 00 136,000. 00 10,000.00 44,750. 00 45,000. 00 177,550.00 75,555.55 73,750.00 73,427. 00 2, 505. 00 4,500. 00 9, 000. 00 213, 750. 00 167, 500. 00 52,000. 00 4,000. 00 99,250. 00 38,65Q. 00 18,300. 00 149,875. 00 5,000.00 25, 000 25, 000 35, 000 50,000 25,000 40, 000 25,000 25, 000 50,000 25, 000 Oct. 29,1923 do Nov. 8,1923 .do _ do. do Nov. 9,1923 Nov. 10,1923 Nov. 13,1923 B 50, 000. 00 AB A 100 000 00 20, 000. 00 AB A A 50, 000. 00 25, 000. 00 B A A C B AB A c A AB B C AB B C C C A AB AB C B A 94, 750 40,000.00 105, 500. 00 13,700.00 24, 300. 00 94,700. 00 24,300. 00 5, 650. 00 45,800. 00 24, 500. 00 24,600. 00 25,000. 00 9, 700. 00 AB 97,000. 00 99,000. 00 c 23, 200. 00 C B A A A A 12, 250.00 A A A 6, 2O5. 00 25,000. 00 5, 950. 00 49,300. 00 344, 244 74, 657 1,991, 806 186,104 336, 320 140,968 292, 995 334,115 265, 380 260, 527 1, 772, 465 487, 252 176, 708 333,101 271, 311 99, 553 67, 061 S75, 788 158, 539 77, 396 141, 638 893, 613 37, 800 150, 665 182,035 038, 227 104, 352 967,732 883, 573 27, 312 227, 849 332, 323 143, 305 211, 204 46, 982 126, 305 745, 030 562, 553 353, 645 63. 477 159, 610 158, 720 90, 443 146, 213 33, 989 203, 317 545, 591 173, 519 fed W 8 b H W fed fed o bO CO CO TABLE N O . 42.—National banks in charge of receivers, year ended October SI, 1925, capital at date of organization and at date of failure, causes of failure, dividends paid while solvent, circulation outstanding at date-of failure, lawful money deposited with Treasurer of the United States to redeem circulation, and total deposits at date of suspension—Continued. Organization Name and location of banks r Tucson National Bank, Tucson, Ariz National Bank of Barnesville, Ohio Citizens National Bank, Roswell, N. Mex First National Bank, Lancaster, Minn First National Bank, Tolley, N. Dak Citizens National Bank, Crosby, N. Dak First National Bank, Turtle Lake, N. Dak First National Bank, Soper, Okla First National Bank, Springfield, S. Dak Farmers National Bank, Tishomingo, Okla First National Bank, Seale, Ala First National Bank, Manville, Wyo First National Bank, Woodworth, N. Dak First National Bank, Lenapah, Okla _ First National Bank, Poplar, Mont First National Bank, Lansford, N. Dak First National Bank, Forsyth, Mont Condon National Bank, Condon, Oreg First National Bank, Moore, Mont Miners National Bank, Henryetta, Okla 1° First National Bank, Schulter, Okla... 43 Merchants National Bank, Mandan, N. Dak.__ 44 First National Bank, Webster, S. Dak 1*1 First National Bank, Dodson, Mont 46 Sioux Falls National Bank, Sioux Falls, S. Dak._. 17 First National Bank, Sentinel Butte, N. Dak._. 48 First National Bank, Beach, N. Dak 49 First National Bank, Bisbee, N. Dak 51 National Bank of Carlsbad, N. Mex 52 Dakota National Bank, Dickinson, N. Dak 53 First National Bank, Lusk, Wyo _ _ 54 First National Bank, St. John, Wash "— 55 First National Bank, Warroad, Minn 56 First National Bank, Brookings, S. Dak 57 First National Bank, Bonan, Mont 21 22 23 24 25 ?fi 27 28 29 31 3? 33 S4 S5 36 37 38 39 40 41 Charter No. 11159 6621 6777 11356 7810 10519 8821 10366 8942 10431 10654 11352 11353 11436 10885 8187 7320 8261 8539 10349 10967 10604 6502 11086 2823 10706 9484 6733 6884 7663 11390 11172 11815 3087 9864 Date Feb. Jan. Apr. May May Apr. June Apr. Oct. July Sept. May Apr. Aug. July Mar. June Mar. Jan. Feb. Mar. Aug. Nov. Aug. Nov. Feb. May Apr. July Mar. June Mar. Aug. Nov. Aug. Capital $100,000 21,1918 100,000 29,1903 50,000 20,1903 25, 000 14,1919 25,000 17,1905 25, 000 14,1914 25,000 8,1907 30,000 15,1913 25, 000 2,1907 30,000 23,1913 60,000 28,1914 25,000 1,1919 25,000 26,1919 25,000 18,1919 25,000 28,1916 25,000 16,1906 50,000 10,1904 50,000 24,1906 50, 000 7,1907 25, 000 20,1913 25,000 5,1917 : 50, 000 24,1914 25, 000 19,1902 25, 000 23,1917 50, 000 14,1882 25, 000 10,1915 25, 000 26,1909 25,000 1,1903 , 30,000 8,1903 50,000 4,1905 50, 000 23,1919 40,000 11,1918 25, 000 4,1920 50, 000 15,1883 25,000 31,1910 Total dividends paid during existence as a national banking association $133,000. 00 373,500. 00 5, 000. 00 66, 250. 00 27, 500. 00 30,125. 00 22,950. 00 22,105. 00 14, 750. 00 28,800. 00 1, 250. 00 3, 750. 00 1, 500. 00 63,000.00 136, 500.00 12, 500. 00 22, 750. 00 42, 250.00 12, 500. 00 5, 000. 00 32, 500. 00 ' 240,500.00 10, 000. 00 52, 500. 00 57,750.00 142,900.00 68,000.00 16, 000.00 270, 500. 00 22, 250.00 CO Failures Lawful Capital money deposited Receiver . Cause of appointed failure $100,000 Nov. 14,1923 100,000 do 200,000 Nov. 16,1923 25,000 Nov. 19,1923 25,000 Nov. 21,1923 25,000 do 25,000 do 30,000 Nov. 22,1923 25,000 Nov. 28,1923 25,000 Dec. 6,1923 25,000 Dec. 10,1923 25,000 Dec. 11,1923 25,000 do 25,000 Dec. 14,1923 25,000 Dec. 17,1923 25,000 do... 75,000 Dec. 18,1923 50,000 do_ 25,000 Dec. 20,1923 50,000 Dec. 21,1923 25,000 do 50,000 Dec. 26,1923 25,000 Jan. 2,1924 25,000 Jan. 21,1924 150,000 Jan. 24,1924 25, 000 do 50,000 ____.do 25, 000 Jan. 28,1924 100,000 Feb. 6,1924 50,000 Feb. 7,1924 50, 000 . __do 40,000 do._ . . . . 25, 000 Feb. 9,1924 100,000 . . . . . d o 25,000 do B A B BC B B C B C C B C B B B B A B B B A A B B C B B B B C B C A B B Circulation outstanding at date of failure $67,300. 00 100,000. 00 188, 200. 00 24, 700. 00 6, 250. 00 9, 700. 00 17, 750. 00 24,400. 00 25, 000. 00 6, 500. 00 33, 700. 00 11,800. 00 24, 500. 00 25, 000. 00 25,000.00 24, 700.00 74, 250. 00 25?000, 00 23,300.00 11, 800. 00 47,100. 00 , 48,500.00 ; 99,200.00 5,950. 00 Total deposits at date of suspension $588, 287 877,090 497,195 179, 618 87,434 146, 380 134, 961 98, 891 150, 326 132, 277 39,634 64,463 47, 881 77, 797 106,628 124; 405 352,127. 00 121,155. 00 144,127. 00 434,161. 00 51,164. 00 315, 054. 00 224, 512.00 72,899.00 1, 514, 456.00 102,160.00 389,152.00 216,114.00 446, 659.00 176,986. 00 82, 343.00 98,542.00 159, 329.00 623,164.00 102, 643.00 o o B 3 H W o d Q First National Bank, Harrison, Nebr First National Bank? Clarkston, Wash First National Bank, Carthage, S. Dak First National Bank, Onida, S. Dak_ Commercial National Bank, Miles City, Mont. Nowata National Bank, Nowata, Okla First National Bank, Castlewood, S. Dak First National Bank, Clovis, N. Mex First National Bank, Charlo, Mont First National Bank, Sidney, Mont Stockmens National Bank, Fort Benton, MontFirst National Bank, Fort Simmer, N. Mex Wells National Bank, Wells, Minn First National Bank, Gering, Nebr Western National Bank, Mitchell, S. Dak. First National Bank, Coalgate, Okla.__ ___ First National Bank, Mclntosh, S. Dak First National Bank, Clayton, N. Mex First National Bank in Deming, N. Mex First National Bank, St. Anthony, Idaho _ First National Bank, Huron, S. Dak Farmers & Merchants National Bank, Fairbury, Nebr First National Bank, Golva, N. Dak... __. First National Bank, Lingle, Wyo. Torrington National Bank, Torrington, Wyo.._. Citizens National Bank, Jamestown, N. Dak.__. First National Bank, Poison, Mont Farmers National Bank, Parsons, Kans Merchants National Bank, Crookston, Minn Citizens National Bank, Sisseton, S. Dak First National Bank, Bristow, Nebr First National Bank, Lake Preston, S. Dak First National Bank, Hayward, Wis First National Bank, Plentywood, Mont First National Bank, Sterling, Colo First National Bank, Rocky Ford, Colo First National Bank of Fergus County, Lewistown, Mont State National Bank, Albuquerque, N. Mex First National Bank, Marysville, Kans First National Bank, Alexander, N. Dak First National Bank, Pilger, Nebr First National Bank, Wilsall, Mont National Bank of Commerce, Shawnee, Okla Citizens National Bank, Hankinson, N. Dak City National Bank, El Paso, Tex. Silver City National Bank, Silver City, N. Mex. First National Bank, Carlsbad, N. Mex First National Bank, Baker, Mont Farmers National Bank, Burlington, Kans 8888 6742 10833 11585 5015 6367 6000 8784 11165 9004 4194 8617 6788 8062 7455 5647 9283 5713 6974 5^64 2819 June Mar. Mar. Jan. Aug. July Oct. June Feb. Dec. Dec. Feb. Apr. Dec. Sept. Dec. Oct. Dec. Aug. Dec. May 28,1907 16,1903 20,1916 17,1920 15,1895 23,1902 2,1901 14,1907 26.1918 23,1907 24,1889 28.1907 6,1903 28,1905 12.1904 8,1900 16.1908 29,1900 5.1903 31,1900 19,1882 50, 000 I 109, 000. 00 25, 000 38, 500. 00 25, 000 23, 500.00 25,000 80,000 277, 000.00 25, 000 112, 000. 00 25, 000 42, 500.00 35, 000 50,100.00 25, 000 1, 500. 00 25,000 103, 250. 00 100,000 802,000. 00 25,000 45, 500.00 30,000 75,000.00 50,000 59,750.00 50,000 126, 221.00 25, 000 175, 850. 00 25,000 32,076. 84 25,000 150, 500. 00 25,000 55, 400.00 25,000 207, 625. 00 50,000 166, 350.00 10340 11346 11231 11309 7820 9449 11537 3262 6395 9448 10758 7831 10438 5624 7082 Feb. Apr. Aug. Feb. June Mar. Nov. Oct. Aug. June July June May Oct. Oct. 8,1913 14.1919 19.1918 3,1919 16.1905 26.1909 18.1919 25,1884 18.1902 5,1909 24,1915 9,1905 12,1913 29,1900 23.1903 60,000 25,000 25,000 35, 000 50, 000 25,000 100, 000 75,000 50,000 25,000 25,000 25,000 25, 000 25,000 50,000 7274 7186 2791 11297 5937 11335 12441 8084 7514 3539 5487 10443 6955 May Mar. Aug. Jan. Aug. Apr. Aug. Jan. Oct. June May Aug. Sept. 9.1904 17.1904 25,1882 22,1919 2,1901 11,1919 18,1923 18.1906 14,1904 24,1886 19,1900 19,1913 10,1903 100, 000 100,000 50, 000 25, 000 25, 000 25, 000 100, 000 30, 000 100, 000 50, 000 25, 000 25, 000 25, 000 23,400.00 8,750.00 60, 500. 00 26, 250.00 3, 000. 00 155, 250. 00 173, 000. 00 53,625. 00 22, 500.00 58,750.00 22, 500.00 342,986. 05 78,800. 00 485, 000. 00 474, 377. 32 221,625.00 1,000. 00 77,750.00 31, 900.00 471, 000. 00 255, 500. 00 430, 000. 00 7,500. 00 81, 750. 00 50, 000 50, 000 25, 000 25,000 250, 000 25,000 25. 000 100', 000 25, 000 50,000 200,000 25, 000 75,000 25,000 100, 000 100, 000 25,000 75,000 40,000 50,000 65,000 60,000 25,000 25, 000 35, 000 50, 000 25, 000 100,000 75,000 50,000 40, 000 25, 000 50,000 50,000 100, 000 60, 000 300, 000 200, 000 75, 000 25, 000 50, 000 25, 000 100, 000 30, 000 500, 000 100, 000 100, 000 25, 000 55,000 Feb. 12,1924 do do do Feb. 15,1924 Feb. 19,1924 do. Feb. 20,1924 do Feb. 26,1924 do do .-...do do Feb. 27,1924 Mar. T,"l924 .--do Mar. 4,1924 Mar. 14,1924 Mar. 15,1924 Mar. 18,1924 Mar. 19,1924 -_..do Mar. 21,1924 Mar. 22,1924 Mar. 24,1924 do —do._ _ Mar. 28,1924 Mar. 29,1924 Mar. 31,1924 Apr. 5,1924 do Apr. 12,1924 Apr. 14,1924 Apr. 15,1924 do. Apr. 22,1924 do Apr. 28,1924 Apr. 30,1924 May 8,1924 May 14,1924 do May 20,1924 May 21,1924 C c A cC B A B B C C B C A B C B B B C B A A B C B B C A C C B A B B C A C A B £ B A B C B A C C 15, 000. 00 50, 000.00 25, 000.00 25,000.00 98, 500.00 16, 797. 50 24,600.00 62,500.00 39,000.00 191,895. 00 5, 850.00 75,000.00 11,500.00 93, 400.00 27, 300. 00 23,700.00 50,000. 00 25,000.00 48, 600.00 30,000.00 60,000.00 24, 400.00 24,700.00 100,000. 00 75,000. 00 40, 000. 00 25, 000. 00 24, 200. 00 9, 600. 00 6, 250. 00 100,000. 00 14,100.00 124,500.00 167, 400. 00 74, 200. 00 24, 400. 00 48, 600.00 100, 000.00 30,000. 00 42,100. 00 24, 597. 50 21, 900. 00 49,300. 00 353, 806. 00 188, 453. CO 228, 933. 00 112, 045. 00 1, 588, 243. 00 459, 448.00 164, 542. 00 64, 864. 00 46, 276. 00 395, 764. 00 467,119. CO 79,155. CO 745, 030. 00 265, 790. 00 289, 727. 00 493, 803. CO 103, 496. GO 197, 525. 00 307, 368. 00 236, 777. 00 1, 099, 420. 00 o 223, 363. 00 50, 234. 00 54, 763. 00 67, 468. 00 284, 231. 00 114, 786. 00 305, 556. 00 1,170, 960. 00 450, 944. 00 138, 960. 00 275, 947. 00 568, 838. 00 243, 877. 00 712, 005. 00 239, 527. 00 ft 2,866, 963. 00 1, 645, 675. 00 591, 816. 00 202, 272. 00 202, 998. 00 23, 019. CO 936, 087. 00 206, 864. 00 3, 384, 059. 00 659, 678. 00 361, 326. 00 150,340. 00 316, 452. 00 ft M ft o o o ft ft o d w w ft % a i CO TABLE NO. 42.-—National banks in charge of receivers, year ended October* 31, *1925, capital at date of organization and at date of failure,to causes of failure, dividends paid while solvent, circulation outstanding at date of failure, lawful money deposited with Treasurer of the CO c United States to redeem circulation, and total deposits at date of suspension-—Continued Organization Name and location of banks 813 814 815 816 817 818 819 820 821 822 823 824 825 826 8?7 829 830 831 832 833 834 835 836 837 838 839 840 841 842 843 844 845 846 847 848 Drovers National Bank, East St. Louis, III First National Bank, Sehuyler, Nebr _ First National Bank, Morristown, S. Dak City National Bank of Huron, Huron, S. Dak___ First National Bank, Newcastle, Wyo___. Citizens National Bank, Julesburg, Colo First National Bank, Basin, Wyo__ First National Bank, Lidgerwood, N , Dak__-___ First National Bank, Galata, Mont Citizens National Bank, Worthington, Minn First National Bank, Poteau, Okla___. National Bank of Commerce of Rochester, N . Y_ First National Bank, Alexandria, S. Dak_ First National Bank, Walhalla, N . Dak__ __ Weiser National Bank, Weiser, Idaho Citizens National Bank. Ness City, Kans..______ First National Bank, Cheyenne, Wyo _ First National Bank, Lambert, Mont First National Bank, Bridgewater, S. Dak Citizens National Bank, Cheyenne, Wyo_ Bristow National Bank, Bristow, Okla _____ First National Bank, Harrington, Wash First National Bank, Minnesota Lake, Minn First National Bank, Rexburg, Idaho First National Bank, Ririe, Idaho____ First National Bank, Putnam, Conn^ _______ State National Bank, Carlsbad, N . Mex__ Northwestern National Bank of Livingston, Mont First National Bank in Clovis, N . Mex __ First National Bank, Beaver Creek, Minn First National Bank, Rudyard, Moht____. First National Bank, Groom, Tex __ First National Bank, Ozark, Ala •_ _ _ First National Bank, Ulen, Minn __ Citizens National Bank, Centerville, Tenn Charter No. Date 10399 2788 9817 8781 7198 9603 10858 5772 11089 5910 7118 8111 5918 9133 8139 8081 1800 11176 6925 8089 10115 9210 6204 7133 10920 448 10962 11000 12522 9321 11203 11447 7629 7081 9827 Apr. 30,1913 Sept. 4,1882 May 11,1910 June 8,1907 Mar. 23,1904 Sept. 29,1909 May 15,1916 Mar. 29,1901 Oct. 10,1917 June 7,1901 Jan. 14,1904 Feb. 1,1906 July 16,1901 Mar. 14,1908 Feb. 19,1906 Feb. 3,1906 Dec- 29,1870 Apr. 20,1918 July 23,1903 Jan. 15,1906 Nov. 23,1911 July 10,1908 Apr. 5,1902 Jan. 19,1904 Oct. 9,1916 Mar. 23,1864 Feb. 8,1917 Mar. 27,1917 Feb. 28,1924 Jan. 4, 1909 May 29,1918 Aug. 16,1919 Feb. 13,1905 Dec. 12,1903 May 31,1910 Capital Total dividends paid during existence as a national banking association Failures Capital Receiver appointed $200,000 M a y 22,1924 $57,000.00 $200,000 50,000 M a y 24,1924 214,750.00 50,000 do 12,500.00 25,000 25,000 44,760. 00 50,000 78,750.00 25,000 25,000 June 12,1924 55,125.00 25,000 25,000 _ do 17,500. 00 25,000 35,000 June 14,1924 190,000. 00 50,000 50,000 June 17,1924 7,000. 00 25,000 26,000 June 18,1924 50, 500.00 25,000 25,000 June 19,1924 38, 750. 00 25,000 25,000 500,000 1,222, 500. 00 1,500, 000 June 21,1924 76,500. 00 25,000 25,000 June 23,1924 18,500. 00 25.000 25,000 ---- do 118,584. 67 50,000 75,000 do ___ 70, 950. 00 30, 000 45,000 July 3,1924 949,000.00 100,000 200,000 July 9,1924 25,000 25,000 July 16,1924 25, 000 25,000 July 18,1924 86, 750. 00 100,000 100,000 July 21,1924 79,000. 00 25,000 25,000 do. _ 34,050. 00 50,000 50,000 Aug. 6,1924 46,500.00 25,000 25,000 do _ 71,500. 00 50,000 50,000 Aug. 11,1924 120,500.00 25,000 25,000 do 6,750,00 100,000 150,000 Aug. 13,1924 814,000.00 75,000 75,000 Aug. 25,1924 22, 500. 00 100,000 100, 000 Aug. 30,1924 8,000.00 50,000 50,000 Sept. 4,1924 25,000 30,000 Sept. 20,1924 36,500.00 25,000 25,000 Oct. 4,1924 25,000 25,000 Oct. 6,1924 25, 000 35,000 Oct. 23,1924 85,737.22 25,000 25, 000 Oct. 28,1924 30, 000 1 42,500.00 30.000 do ___ 37.800.00 1 Circulation Lawful outstanding money at date of Cause* deposited failure of failure B C A B BC A B B C B AB B B BA B B B B B A B A A B B A B A AB A A A Total deposits at date of suspension $47, 200.00 25,000.00 $433, 685. 00 524, 922. 00 98,667.00 24,300. 00 24, 600. 00 35,000. 00 50,000. 00 442, 668. 00 164, 286. 00 174, 795. 00 611,146.00 18, 000. 00 22, 700, 00 459, 897. 50 24,400.00 25,000. 00 65,000.00 421, 059. 00 238, 357. 00 198, 498. 00 456, 206.00 162, 432, 00 574,368. 00 200,000.00 4,498,121. 00 63, 973.00 228, 891. 00 1, 214, 862. 00 6, 500. 65 99,995. 00 3, 850. 00 19,200. 00 25,000. 00 50,000. 00 16, 250. 00 50,000. 00 25,000.00 32,800.00 24,700.00 7, 700.00 198,499. 00 324,105.00 215, 772. 00 72,350.00 1,478,076.00 159, 533. 00 168, 795. 00 114, 075. 00 16, 520.00 16, 974. 00 158,618.00 197,067.00 129,318,00 o 8 g H pi) o t w o H W tel 3 Q 4 National Border Bank of El Paso, Tex First National Bank, Alma, Wis Merchants National Bank, Grinnell, Iowa First National Bank, Morgan, Tex_ First National Bank, Abbeville, Ala First National Bank, Dodge Nebr __ First National Bank, Algona, Iowa First National Bank, Boise City, Okla First National Bank, Allendale, S. C First National Bank, Barnwell, S. C First National Bank, Center, Tex Farmers National Bank, Dodge Center, Minn_._ First National Bank, Torrington, Wyo Parkesburg National Bank, Parkesburg, Pa First National Bank, Buffalo, O k l a . . . __ First National Bank, Oldham, S. Dak First National Bank, Savoy, Mont First National Bank, Spring Hope, N . C Stoekmans National Bank, Columbus, Mont First National Bank, Alexandria, Minn First National Bank, Townsend, Mont First National Bank, Rigby, Idaho Peoples National Bank, H o t Springs, S. Dak First N a t i o n a l B a n k , Sylvester, Ga First N a t i o n a l B a n k , Salem, S. D a k Jefferson C o u n t y National Bank, Rigby, I d a h o . Neoga National B a n k . Neoga, 111 First N a t i o n a l B a n k , Mohall, N . Dak_ _ First National Bank, Excelsior Springs, Mo Logan County National Bank, Sterling, Colo First National Bank, Buena Vista, Ga First N a t i o n a l B a n k , H a m p t o n , Ga Perry National Bank, Perry, Iowa Farmers National Bank, Hempstead, Tex First National Bank, Crystal, N . Dak National B a n k of Abbeville, S. C _ Commercial National Bank, Charleston, S. C First National Bank, Quincy, Fla National B a n k of Commerce, Pierre, S. Dak Black H a w k National Bank, Waterloo, Iowa Lebanon National Bank, Lebanon, Tenn First National Bank, Shelley, Idaho First National Bank, Brinsmade, N . Dak First National Bank, Atwater, Minn First National Bank, Renville, Minn First National Bank, Idabel, Okla First National Bank, Pleasantville, Iowa First N a t i o n a l B a n k , Cavalier, N . Dak First National Bank, Stevensville, Mont First National Bank. Wapanucka, Okla First National Bank, Matoaka, W. Va 12487 Jan. 17,1924 8338 May 16,1906 2953 Apr. 28,1883 6247 May 3,1902 5987 Aug. 17,1901 7333 June 18,1904 3197 M a y 15,1884 11084 Aug. 30,1917 11111 Nov. 30,1917 11287 Jan. 9,1919 5971 Sept. 10,1901 6623 Feb. 4,1903 9289 Oct. 6,1908 Feb. 27,1880 Sept. 2,1907 Aug. 30,1912 10256 11199 M a y 29,1918 M a y 6,1919 11431 11220 July 12,1918 June 9, 1883 2995 9982 Jan. 31,1911 June 13,1919 11385 9166 May 23,1908 6180 Mar. 11,1902 5898 July 5,1901 11458 June 9,1919 7841 July 11,1905 7008 Sept. 17,1903 7741 M a y 5,1905 7973 Oct. 11,1905 7963 Oct. 12,1905 10089 July 13,1911 10130 Jan. 2,1912 4905 Apr. 15,1893 7918 Sept. 12,1905 3421 Oct. 16,1885 10543 M a y 5,1914 7253 M a y 4,1904 4279 Feb. 13,1890 6854 Apr. 17,1903 8714 Apr. 13,1907 11434 July 15,1919 8502 Dec. 11,1906 10570 June 15,1914 6583 Dec. 19,1902 Dec. 10,1906 8486 Aug. 2,1900 5564 Nov. 24,1911 10116 Feb. 4,1915 10709 Aug. 8,1901 5950 i Nov. 7,1918 11264 200 000 25, 000 50,000 35,000 27,500 25,000 50,000 25,000 50,000 50,000 30,000 30,000 25,000 50,000 25,000 25,000 25,000 50,000 50,000 60,000 50,000 30, 000 25,000 25,000 25,000 50,000 25,000 25,000 25,000 50,000 25,000 30,000 50,000 50,000 25,000 50,000 200,000 50, 000 75,000 100. 000 30,000 25,000 25, 000 25, 000 25,000 25, 000 25, 000 25, 000 25, 000 25,000 25, 000 52, 500.00 422, 500.00 40, 750.00 153,600.00 68,750. 00 142, 750. 00 6,000.00 20,000. 00 7,000. 00 31,000.00 43,500. 00 90,000. 00 171,865.00 40,250. 00 31,750.00 9,000.00 264,600. 00 26,000. 00 4,800. 00 27,916.00 49,000. 00 114,000. 00 12,500.00 86,250. 00 17,000.00 147,000.00 70,100. 00 27, 200.00 54, 250. 00 133,000. 00 36,300. 00 209, 500. 00 140,000. 00 127,000. 00 139,048. 00 145,600. 00 110,300. 00 38,000. 00 31,000. 00 88,000. 00 99,000. 00 23, 750. 00 29, 250. 00 10, 750. 00 82,250. 00 16,250. 00 200,000 25,000 100,000 35,000 100, 000 50,000 50,000 25,000 50,000 50, COO 50,000 30,000 50,000 50,000 25,000 25,000 25,000 50,000 50,000 60,000 50,000 80,000 25,000 50,000 25,000 50,000 25,000 25, 000 25,000 150,000 50,000 60,000 75,000 60,000 25,000 75,000 200,000 100, 000 100,000 200, 000 80,000 25,000 25,000 25,000 25, 000 80, 000 25, 000 25, 000 25, 000 25,000 50, 000 Oct. 30,1924 Nov. 7,1924 Nov. 12,1924 Nov. 13,1924 Nov. 14,1924 Nov. 22,1924 Nov. 24,1924 Nov. 25,1924 Dec. 3,1924 do . do_ _ Dec. 9,1924 Dec. 16,1924 Dec. 26,1924 Dec. 27,1924 Jr5n. 3,1925 -do Jan. 7,1925 do Jan. 8,1925 _.do — Jan. 12,1925 Jan. 15,1925 do Jan. 16,1925 Jan. 17,1925 Jan. 21,1925 Jan. 22,1925 Jan. 24,1925 Jan. 26,1925 do Jan. 27,1925 Feb. 5,1925 Feb. 7,1925 ,___do._ . __ do do . Feb. 11,1925 do Feb. 13,1925 do ._ do ___do „ . Feb. "(4,1925 do Feb. 18,1925 Feb. 21,1925 do Mar. 2,1925 do Mar. 3,1925 A A B c C C A A A-B A A A B A A B B A B C A C B B A A B A B B B A-C A B C C A A C B-C B B A B A A B C B A 24, 995. 00 100, 000. 00 25, 000. 00 $98, 500 6, 250 6, 250. 00 49, 600. 00 10, 000. 00 9,600. 00 48, 800. 00 48,900.00 29, 500.00 6,100.00 42,600.00 9, 700.00 25,000.00 59,400.00 12,500.00 5, 950.00 29,300. 00 24,500. 00 1, 375, 409. 00 203, 589. 00 998, 975. 00 51, 912. 00 145,412. 00 401,430. 00 656, 090. 00 136, 521. 00 185, 016. 00 96, 628. 00 245,341. 00 611,756.00 254, 693. 00 329,404.00 144, 088. 00 250, 588. 00 7,652. 00 264,867.00 137, 464. 00 843, 235. 00 80, 721. 00 466, 517. 00 156,143.00 53, 289. 00 158,184. 00 tel i o o o g fcd 24, 700. 00 24,700. 00 25,000.00 100,000. 00 48,400. 00 20,000. 00 72,300.00 49,197. 50 24, 600. 00 16,850,00 189,800 79, 500. 00 1895 800. 00 78,600. 00 19,600. 00 24,600. 00 10,000. 00 24,600.00 24, 700. 66 25, 000. 00 10, 000. 00 5, 550, 00 50, 000. 00 123, 243. 00 90,934. 09 212,086. 00 508, 452. 00 8L 597. 00 33, 214. 00 645, 027. GO 177, 720.00 256, 939. 00 413, 542. 00 1,003, 982. 00 348, 671. 00 683, 098,00 84, 724. 00 118, 712. 00 488, 436. 00 400, 700. 00 264, 653. 00 213, 392. 00 368, 224. 00 76, 421. 00 161,142. 00 571, 934. 00 o I o a to CO TABLE No. 42.—National banks in charge of receivers, year ended October 31, 1925, capital at date of organization and at date of failure, causes of failure, dividends paid while solvent, circulation outstanding at date of failure, lawful money deposited vrith Treasurer of the United States to redeem circulation, and total deposits at date of suspension—Continued Organization Name and location of banks 900 901 902 903 904 905 906 907 908 909 910 911 )12 913 914 915 916 917 918 919 920 921 922 923 924 925 926 927 ^8 qoq 930 931 932 933 First National Bank, Volant, Pa _ ._ City National Bank, Clarksville, Tex First National Bank, Montpelier, Idaho First National Bank, Buhl, Idaho . Ficst National Bank, Lemmon, S. Dak Commercial National Bank, Greenville, Tex _. Farmers National Bank, Chandler, Okla First National Bank, Bamberg, 8. C First National Bank, Bandon, Oreg Georgia National Bank, Athens, Ga Osceola National Bank, Osceloa, Iowa First National Bank, Wimbledon, N. Dak First National Bank, Hedrick, Iowa First National Bank, Jasper, Minn First National Bank, Las Vegas, East Las Vegas, N. Mex. First National Bank, Conyers, Ga Hugo National Bank, Hugo, Okla First National Bank, Carnegie, Pa _ Burgettstown National Bank, Burgettstown, PaFirst National Bank, Selma, N. C First National Bank, Madison, S. Dak Farmers National Bank, Louisburg, N. C First National Bank, Florence, S. C. First National Bank, Clear Lake, S. Dak First National Bank, Crandon, Wis _. City National Bank, Hugo, Okla First National Bank, Springer, N. Mex_ Merchants National Bank, Detroit, Minn First National Bank, St. Cloud, Minn First National Bank, Simla, Colo First National Bank, Abercrombie, N. Dak First National Bank, Wausa, Nebr First National Bank, Redwood Falls, Minn First National Bank, Lumberton, N. C Charter No. Date Capital 11834 10643 7381 11065 9269 7510 12060 11704 9718 6525 6033 6712 5540 6523 2436 June Oct. Aug. Aug. Oct. Nov. Nov. Apr. Feb. Oct. Oct. Feb. Aug. Oct. Aug. 14,1920 8,1914 9,1904 10,1917 16,1908 24,1904 25,1921 19,1920 25,1910 14,1902 8,1901 7,1903 11,1900 7,1902 25,1879 $25,000 25,000 25,000 50,000 25,000 100,000 25,000 30,000 25,000 100,000 25,000 25,000 25,000 25,000 50,000 11255 7747 4762 2408 10739 3149 10260 9747 6357 9387 12136 11565 8122 2790 11354 8419 9994 5826 7398 Sept. Apr. May Jan. May Mar. Aug. Mar. June Mar. Feb. Oct. Feb. Sept. May Aug. Mar. Mar. July 3,1918 11,1905 16,1892 25,1879 7,1915 29,1884 1,1912 23,1910 28,1922 16,1909 10,1922 18,1919 9,1906 25,1882 10,1919 25,1906 27,1911 11,1901 21,1904 75,000 50,000 50,000 50,000 30,000 50,000 50,000 100,000 25,000 25,000 100,000 50,000 50,000 50,000 25,000 25,000 50,000 25,000 25,000 Total dividends paid during existence as a national banking association $95,000.00 75,250. 00 25,000. 00 35, 750. 00 158,000.00 7, 500. 00 12,750.00 716,000. 00 15,000. 00 39,500. 00 51,750. 00 94,600. 00 506,500.00 145,, 100. 00 466, 750. 00 444,500.00 11,400.00 216,355.00 11,000.00 167,000.00 65,000.00 49,125.00 9,500.00 110, 500. 00 401,000.00 11, 750. 00 87,500. 00 94,550. 00 72,250. 00 GO OO Failures Capital Receiver appointed Circulation Lawful outstanding money Cause deposited at date of of failure failure $25,000 200, 000 50,000 100,000 50,000 150,000 25,000 45,000 25,000 400,000 25,000 25,000 25, 000 30,000 200,000 Mar. 7,1925 Mar. 9,1925 Mar. 13,1925 Mar. 26,1925 Apr. 2,1925 Apr. 6,1925 Apr. 10,1925 do Apr. 13,1925 Apr. 17,1925 Apr. 22,1925 Apr. 23,1925 Apr. 24,1925 May 1,1925 May 4,1925 A B B B B C A-B A-B A B A C B B A 75,000 200,000 100,000 100,000 30,000 50,000 25,000 150,000 25,000 50,000 100,000 50,000 60,000 250,000 25,000 25,000 75,000 70,000 50,000 May 12,1925 _____do do__. May 14,1925 May 16,1925 May 21,1925 May 22,1925 do May 25,1925 May 29,1925 June 5,1925 June 15,1925 June 22,1925 June 24,1925 June 25,1925 June 30,1925 July 9,1925 July 29,1925 Aug. 4,1925 B B A A B B-C A A B A C C C A A' B B A A $11,800.00 49,400. 00 25,000.00 149,995.00 $19,800 124,000 15,000.00 200. 000.00 25,000.00 25,000.00 19,800. 00 29, 500. 00 200,000. GO 27,700.00 19,800.00 95, 000. 00 98,400. 00 8,800.00 30,900. 00 23, 200. 00 124,000. 00 25,000. 00 45, 200.00 56,700.00 24,100. 50,000. 24,400. 46,600. 00 00 00 00 Total deposits at date of suspension $178,107.00 108, 596. 00 335, 821. 00 237,493. GO 418,4 £3. 00 638,350.00 319.134.00 54,107. 00 181, 264.00 1,200, 239.00 129, 258. 00 161,727.00 147,483. 00 374,936. 00 828, 256.00 133,181. 00 968, 533.00 1,448, 397. 00 1,698, 546. 00 181, 216.00 399, 861.00 76, 255. 00 1,137, 989.00 384, 311.00 350,144. 00 235, 854.00 150,655. 00 491, 438. 00 1,682, 525.00 67, 344. 00 224, 370. 00 511,612.00 377,128. 00 392,492.00 Si o o H O H o o 934 First National Bank, Walters, Okla 936 937 940 941 942 943 944 945 946 947 First National Bank, Lake Park, Minn First National Bank, Sheyenne, N. Dak First National Bank, Devol, Okla First National Bank, Dell Rapids, S. Dak..__ Globe National Bank, Denver, Colo First National Bank, Libby, Mont First National Bank, Warren, Minn First National Bank, Winifred, Mont First National Bank, Hallock, Minn First National Bank, Buffalo, Minn. Manilla National Bank, Manilla, Iowa___ Loveland National Bank, Loveland, Colo Winner National Bank, Winner, S. Dak 6612 7143 8886 11535 3508 11623 9594 5866 11006 6934 11023 6041 8116 12024 .) an. Feb. Aug. Nov. Apr. Feb. Oct. May May Aug. June Nov. Feb. Sept. 10.1903 10.1904 28,1907 4.1919 21.1880 5.1920 25,1909 18,1901 17,1917 5,1903 7,1917 12,1901 14,1906 20,1921 25, 000 25, 000 25,000 25,000 50,000 200,000 25,000 25,000 25,000 25,000 25,000 25,000 100,000 60,000 62, 250. 00 33, 500. 00 28, 750. 00 198, 775. 00 66, 000. 00 52, 800. 00 81, 250. 00 8,000.00 84,450. 00 14,000.00 41,875. 00 133,000. 00 15,452,500 30,412,020.10 Total-. A=Fraudulent management. B=Localfinancialconditions. C=Closed by run. 50,000 | Aug. 6,1925 25,000 I Aug. 24,1925 25,000 • Sept. 8,1925 25,000 Sept. 17,1925 60,000 Sept. 26,1925 200,000 Oct. 1,1925 40,000 Oct. 6,1925 50,000 Oct. 10,1925 25,000 Oct. 15,1925 60,000 Oct. 16,1925 50,000 Oct. 17,1925 25,000 Oct. 20,1925 100,000 Oct. 22,1925 60,000 Oct. 24,1925 23,105,000 B A B B B A C B B C A A-B B B 25,000.00 24,500.00 9,600 59, 500.00 24, 700.00 24,600. 00 24,600: 00 34,600.00 18,450.00 100, 000.00 159,040.00 \ 309,344.00 142,503.00 29,765.00 498,219.00 4,020,485.00 218,272. 00 382,775. 00 62,483.00 350,056. 00 668, 508.00 127,950.00 490,791.00 71,852.00 2,770, 642 12,158,802.00 135,994,732.00 AB = Fraudulent management and localfinancialconditions. AC = Fraudulent management and closed by run. BC=Localfinancialconditions and closed by run. 8 o W 9 o bo CO CD 240 REPORT OF THE COMPTROLLER OF THE CURRENCY TABLE N O . 43.—National banks in charge of receivers, dates of organization, amounts collected from all sources, loans paid and other disbursements, losses on assets returned to stockholders to year ended October SI, 1925 Title and location of banks Farmers & Drovers National Bank, Waynesburg, Pa.. First National Bank, Billings, Mont. _ Mount Vernon National Bank, Mount Vernon, N. Y__ Second National Bank, Clarion, Pa Traders National Bank, Lowell, Mass Mesa County National Bank, Grand Junction, Colo— First National Bank, Pensacola, Fla First National Bank, Sutton, W. Va_ First National Bank, Uniontown, Pa_ First National Bank, St. Cloud, Fla.First National Bank, Bluffton, Ohio First National Bank, Newman, Calif --First National Bank, Eureka, S. Dak_-_First National Bank, Fairfleld, Idaho. .-First National Bank, Medina, N. Dak___ First National Bank, Tower, N. Dak First National Bank, Hearne, Tex „ Farmers National Bank, Cooper, Tex First National Bank, Gridley, Calif First National Bank, Cut Bank, Mont Commonwealth National Bank, Reedville, Va Picher National Bank, Picher, Okla... First National Bank, Ranger, Tex Emmetsburg National Bank, Emmetsburg, Iowa First National Bank, Beaver, Pa Corn Belt National Bank, Scotland, S. Dak First National Bank, Ambia, Ind__ First National Bank, Desdemona, Tex First National Bank, Sipe Springs, Tex First National Bank, Marcus, Iowa First National Bank, Sidney, Nebr First National-Bank, Bridgeport, Nebr Bannock National Bank, Pocatello, Idaho First National Bank, Crawford, Tex_. First National Bank, Moran, Tex Havre National Bank, Havre, Mont First National Bank, Joplin, Mont National Bank of Cleburne, Tex Peoples National Bank, National City, Calif United States National Bank, Vale, Oreg. First National Bank, Vale, Oreg— First National Bank, Burley, Idaho Edwards National Bank, Booker, Tex__ Farmers National Bank, Big Sandy, Mont First National Bank, Wendell, Idaho Stockmans National Bank, Poplar, Mont Stillwater Valley National Bank, Absarokee, Mont First National Bank, Seeley, Calif _. National City Bank, Salt Lake City, Utah Second National Bank, Elkton, Md First National Bank, Myton, Utah State National Bank, Ardmore, Okla Corydon National Bank, Corydon, Ind__. First National Bank, Oak Grove, La Farwell National Bank, Farwell, Tex _ First National Bank, Spencer, Nebr First National Bank, Ingomar, Mont _ .,,_ American National Bank, Billings, Mont First National Bank, Fresno, Mont _ Merchants National Bank, Wimbledon, N. Dak _. First National Bank, Hope, N. Mex _ First National Bank, Mountainair, N. Mex First National Bank, Lawton, Okla. _ First National Bank, Colusa, Calif. Commercial National Bank, Great Falls, Mont Sterling National Bank, Sterling, Colo Payette National Bank, Payette, Idaho * First National Bank, High wood, Mont _ Citizens National Bank, Laurel, Mont.. First National Bank, Magdalena, N. Mex First National Bank, Broadview, Mont Commercial National Bank, Wilmington, N. C _ First National Bank, Winner, S. Dak ._ First National Bank, Wessington Springs, S. Dak First National Bank, Rupert, Idaho First National Bank, Warren, Mass 469 513 515 523 531 533 542 549 554 589 590 591 593 594 596 597 598 599 600 601 603 605 606 607 610 611 612 613 615 616 617 619 620 621 623 625 626 628 630 632 633 634 635 638 640 642 643644 645 646 648 649 650 652 653 654 655 656 657 658 659 660 661 662 663 664 665 666 667 668 669 670 671 672 673 674 Date of organization Feb. 25; 1865 Dec. 27,1883 Dec. 11,1906 Sept, 12,1883 iTune 10,1892 May 31,1905 Aug. 10,1880 Aug, 17,1902 Feb. 20,1844 Mar. 24,1912 Nov. 19,1900 May 29,1910 Nov. 28,1919 Mar. 30.1912 Apr. 24,1914 Sept. 29.1905 July 5,1894 Sept. 24,1914 Mar. 14,1918 Oct. 5,1900 Jan. 6,1916 Feb. 3,1920 Jan. 26.1906 Dec. 23,1905 Feb. 10,1888 May 28,1917 July 30.1909 Sept. 2,1919 Nov. 6,1919 June 22.1910 Mar. 12,1902 Feb. 23,1910 July 15,1902 May 19.1913 June 5,1916 May 18,1910 Nov. 11,1916 May 6,1889 June 21,1909 July Jan. 14.1907 Feb. 20.1913 May 4.1919 July 25,1917 June 30,1909 Feb. 17,1917 Aug. 11,1917 Sept. 5,1913 Nov. 19,1912 Aug. 12,1889 Apr. 10,1920 May 6,1913 May 23,1905 Mar. 2.1920 Aug. 5.1921 Jan. 18,1904 Aug. 16,1919 Apr. 5.1920 Oct. 3,1917 Sept. 17,1907 May 3,1909 Apr. 3,1919 July 18.1901 July 1,1911 Apr. 20.1914 May 2.1921 Jan. 9,1906 Dec. 29,1917 May 3,1907 Aug. 27.1912 Nov. 26.1915 Apr. 17; 1922 Dec. 15,1917 Sept. 25.1902 July 20.1913 Nov. 14,1919 Capital stock $200,000 150, 000 200,000 50, 000 200,000 100, 000 500,000 50,000 100, 000 50, 000 50,000 50,000 50,000 25,000 25,000 25,000 50,000 50,000 40,000 50,000 25,000 100,000 200, 000 50,000 50,000 25,000 25,000 25,000 25, 000 50, 000 50,000 25,000 100,000 30,000 25,000 50,000 25,000 150,000 25,000 75,000 50,000 30,000 25,000 25,000 25,000 25,000 25,000 25,000 250,000 50,000 25,000 200, 000 125,000 50,000 25, 000 100, 000 25,000 150, 000 25,000 25,000 25,000 30,000 200,000 150,000 200,000 150,000 75,000 25,000 35,000 50,000 25,000 200, 000 30, 000 50,000 25,000 50,000 Receiver appointed Dee. 12,1906 July 2,1910 Apr. 19,1911 June 21,1912 Oct. 20,1913 Nov. 29,1913 Jan. 22,1914 Aug. 29,1914 Jan. 19,1915 Jan. 2,1918 Nov. 17,1919 Jan. 31,1920 Aug. 20,1920 Aug. 26,1920 Dec. 20,1920 Dec. 28,1920 Jan. 21,1921 Jan. 28,1921 Jan. 29,1921 do. Feb. 16,1921 Feb. 21,1921 Mar. 2,192i Mar. 11,1921 Mai\ 26.1921 Mar. 28,1921 Apr. 5,1921 Apr. 7,1921 Apr. 18,1921 M a y 18,1921 M a y 27,1921 M a y 28,1921 June 11,1921 June 16,1921 Aug. 29,1921 Sept. 16,1921 do. Oct. 27,1921 Nov. 7,1921 Nov. 15,1921 do. Nov. 30,1921 Dec. 12,1921 Jan. 3,1922 Jan. 5,1922 Jan. 28,1922 Jan. 30,1922 do Feb. 3,1922 Feb. 18,1922 Feb. 24,1922 Mar. 4,1922 Mar. 8,1922 M a y 13,1922 June 26.1922 July 14,1922 Aug. 14,1922 Sept. 23,1922 Oct. 26,1922 Oct. 27,1922 Oct. 30,1922 Nov. 2,1922 Nov. 18,1922 Nov. 22,1922 Dec. 9,1922 Dec. 11,1922 Dec. 13,1922 Dee. 29,1922 Jan. 4,1923 Jan. 18,1923 Jan. 30,1923 Jan. 31,1923 do. Feb. 5,1923 Feb. 7,1923 Feb. 23,1923 REPOET OF THE COMPTROLLER OF THE CURRENCY 241 appointment of receiver, and closing, with amounts of nominal oMd additional assets, expenses of receiverships, claims proved, dividends paid, and remaining Nominal assets at date of suspension Estimated good $814,783 •1,087,304 158, 243 126,110 1,610, 082 200,412 1,488, 390 310, 050 1,080, 785 98, 696 453, 226 260, 893 750, 777 279, 978 236, 201 40,132 84,309 633, 714 133, 615 91,852 260, 982 177, 077 741, 218 390,4.67 426, 383 217, 255 91,391 49, 505 33,994 147,933 203,698 91,326 678,103 9,467 54, 232 298, 018 , 13, 361 1,337, 969 269, 826 184, 455 29,968 486, 036 40, 627 14, 794 140, 281 15, 898 101,355 46,108 2,146, 734 144, 713 40, 431 C40, 092 930, 940 39, 333 31, 362 559,918 48, 652 165, 067 6,164 57,132 121, 564 308, 039 300, 994 128, 697 447, 804 241,183 63, 743 27,638 63, 740 101, 460 40, 657 926, 972 141, 052 106, 852 33, 782 129, 794 Estimated doubtful $2,013,406 505,016 413, 533 294, 805 1,603,429 248, 785 507,052 80, 899 2,388. 710 138, 332 121, 751 454,549 192,169 78,894 124, 538 66,665 273, 349 109,437 27,037 280, 553 20,154 133,918 1,864,464 251, 835 220, 623 198, 069 38,298 55,484 99,097 139, 231 215,324 72,899 735, 340 167, 320 40,987 238, 211 8,751 483, 862 100,137 590, 820 286, 691 412, 057 99, 544 22, 211 26,883 102,418 139,877 44, 581 1,367, 227 182, 485 36,120 913, 996 394, 591 75, 957 21, 278 413, 718 137, 880 270, 200 39, 358 118, 292 • 9,461 22, 802 408, 661 405, 565 1,189, 442 463,971 123, 049 187, 644 102, 694 354,749 74,842 1,226, 912 149, 236 223, 691 198, 932 17,771 Estimated worthless $130,499 552, 201 199, 574 19,305 30,913 165, 264 401,445 27, 210 47,999 210,960 6,352 510, 587 32, 303 125, 972 1,553 222, 960 144,913 149,358 372, 056 59,651 238 67,741 264,810 35, 790 75,048 50,999 18,935 56, 700 30,441 227, 297 20, 660 34,264 307,421 38, 667 34,323 189,443 63,552 764, 506 83. 608 154; 190 76,745 195, 347 40,852 41. 507 32,406 41, 613 14, 313 31,417 80, 930 98, 732 19, 985 26,058 351, 628 19, 564 93, 956 247, 210 119, 042 309, 219 22,935 21, 981 37, 766 802 646, 628 402, 098 424, 765 270, 603 168,413 37,428 205,526 54, 724 39, 793 548,872 53,935 382,175 186, 403 2,118 Additional assets received since d a t e ©f Total assets Offsets allowed a n d settled Loss on assets compounded or sold u n d e r suspension $2,061,287 635, 679 225,464 54, 821 129, 702 51,957 1, 072, 631 35,403 971, 020 37, 527 96, 831 195,438 • 172,182 72, 763 43,444 53, 364 81, 282 11,160 68, 265 41, 948 43,458 15, 291 78, 245 26,961 82,856 59, 873 68, 111 11, 308 7,250 105, 724 53,604 28,425 261,312 4,729 4,138 53, 637 7,824 122, 671 48,480 104, 479 59,845 48,443 27, 350 2,465 17, 524 6,421 12, 971 10, 676 508, 979 21,188 14,106 58,010 128, 275 22, 036 21,493 45, 276 19, 617 63,371 2,978 26, 399 26,344 15, 441 94,915 105, 937 179, 033 59,486 44,161 15,920 13,413 22, 860 5,243 140, 610 28,062 42, 451 13, 546 3,448 $5,019,975 2, 780, 200 996, 814 495, 041 3,374,126 666,418 3,469, 518 453, 562 4,488, 514 485, 515 678,160 1,421,467 1,147, 431 557, 607 405, 736 383,151 583, 853 % 903,667 600, 973 474,004 324, 832 394,027 2,948,737 704, 053 804, 910 526,196 216, 735 172, 997 170,782 620,185 493, 286 226, 914 1,982,176 220,183 133, 680 779, 309 93, 488 2,709,008 502, 051 1,033, 944 453, 249 1,141, 883 208, 373 80, 977 217, 094 166, 350 268, 516 132, 782 4,103, 870 447,118 110, 642 1,638,156 1,805, 434 156, 890 168, 089 1,266,122 325,191 807, 857 71,435 223,804 195,135 347, 084 1,451,198 1,042, 297 2, 241,044 1, 035, 243 399, 3fi6 268. 630 385, 373 533, 793 160, 535 2,843, 366 372, 285 755,169 432, 663 153,131 $546,299 218, 280 39,047 49,067 148, 383 32,124 647,368 12,883 330, 370 46,714 117,703 195,196 96,311 175,417 25,087 57, 561 20,192 794,387 30,651 37,971 32,640 11,372 276,996 23,304 73,110 53, 991 38,133 4,165 7,422 10,633 19, 598 12, 292 89, 996 4,668 3,556 27, 322 1,095 247, 725 74,453 17,383 12, 774 101,936 13,493 1,490 14, 947 768 4,015 •7,685 149, 915 7,128 5,415 112, 952 81, 094 35, 352 27, 296 46, 392 12,409 13,460 2,424 14,156 26, 203 18, 551 42, 620 25, 548 192,070 60, 931 24,117 " 3.814 10; 247 40. 839 534 679,038 21,466 9,368 5, 884 12, 733 $1,422,733 131,667 594; 714 94,935 379,443 208, 279 690, 699 36,668 199,098 27,629 77,275 579, 534 23,818 191,118 227,181 132,945 111,955 56, 346 99,152 25,888 17,669 70,338 410, 050 239,477 29,080 16,136 67,422 44,269 20,552 53, 585 232,302 26,109 247,839 120, 953 16, 052 20,130 3,963 388, 076 70, 650 18,123 29.703 51,895 8,233 49,127 32, 953 2, 823 469 513 515 523 531 533 542 549 554 589 590 591 593 594 596 597 598 599 600 601 603 605 606 607 610 611 612 613 615 616 617 619 620 621 623 625 626 628 630 632 633 634 635 638 640 642 643 24, 864 644 132, 741 645 39, 686 646 11,129 648 35, 082 649 36, 083 650 31,455 652 26,160 653 219, 939 654 11,498 655 656 27,160 657 3, 211 658 78, 032 659 660 727, 256 661 112, 083 662 56,616 663 59, 016 664 28,135 665 4,415 666 667 668 75 669 146, 968 670 671 61,184 672 18, 720 673 9,706 674 242 REPORT OF THE COMPTROLLER OF THE CURRENCY TABLE N O . 43.—National banks in charge of receivers, dates of organization, amounts collected from all sources, loans paid and other disbursements, losses on assets returned to stockholders to year ended October 31, 1925—Continued Nominal value of remaining uncollected assets 469 513 515 523 531 533 542 549 554 589 590 591 593 594 596 597 598 599 600 601 603 .605 606 607 610 611 612 613 615 616 617 619 620 621 623 625 626 628 630 632 633 634 635 638 640 642 643 644 645 646 648 649 650 652 653 654 655 656 657 658 659 660 661 662 663 664 665 666 667 Assets returned to stockholders' agent $1,454,409 558,696 51,871 157, 781 105,652 318, 593 29, 255 572, 540 253, 426 234,920 93, 793 230,881 46,883 199,147 164,793 754,168 255,480 213,448 81,511 93, 552 191,218 75,640 706, 329 48, 532 416, 474 52,102 907,935 89, 851 530, 540 237, 876 685,000 67, 567 51, 605 118, 539 145, 331 32,172 1, 284, 384 130, 414 65, 532 766,950 502, 254 41, 224 40, 771 580, 209 199,125 630,926 23, 803 146, 344 6,990 235, 739 172, 289 390,930 1, 316, 345 520, 564 218,893 180,538 268, 856 331, 493 123,186 1, 623, 677 194, 016 396, 520 279,529 3,348 Collected from assets $1, 596,534 1,871,557 363,053 299,168 2,688, 519 320,363 1,812,858 394, 756 3,386, 506 157, 746 483,182 646,737 792, 382 191, 072 153,468 98,852 220, 825 6,051, 272, 023 127, 259 274, 523 147, 524 1, 507, 523 441, 272 447, 240 242,621 111, 180 43, 052 49, 256 364, 749 241, 386 112,873 938,012 94, 562 64,940 315, 383 Collected Total from assessment collections all upon share- from sources holders Secured and preferred liabilities paid Dividends paid $283,600 $1,286,325 $149, 271 $1,745,805 1,387,675 301,469 7,500 1,879, 057 281, 231 445,783 92, 561 82,730 269, 707 29,271 328,439 8,107 2, 660, 220 91,072 2, 779, 591 31, 588 35,135 355, 498 239, 033 28,192 73, 748 1, 886, 606 1, 472, 354 293, 584 25,180 419,936 315, 272 24,132 3, 386, 506 1,029, 350 1,665, 598 202,906 139, 774 25, 282 " 45,160 531, 082 422, 775 32, 792 47, 900 691, 558 ' 415,511 224,189 44, 821 821,132 301, 442 423,101 28, 750 200,306 99, 016 9,234 34, 042 159, 688 6,220 117, 040 22,040 115, 052 16,200 53, 238 33, 396 255,171 34, 346 126, 569 63,642 46, 900 52,951 46,900 19, 798 291,821 46,467 200, 727 5,150 132,409 73,895 17, 470 156,131 291,993 109, 967 29,188 176,712 55,246 70,989 17,120 1, 524,643 1,188, 008 222, 015 30, 528 258, 060 471,800 181,875 40, 613 380,926 487,853 57,821 15,314 257,935 53,985 97,855 130,446 47,400 19, 266 51, 477 46, 776 12, 312 3,724 21, 794 62,247 22, 820 12,991 385, 023 297, 630 43, 850 20, 274 132, 529 251, 205 86, 464 9,819 3,000 115, 873 33, 695 53, 433 114, 572 40, 409 978,421 783,157 2,745 3,600 98,162 84,128 28,000 10, 318 75,258 29, 501 50, 946 12, 975 328, 358 213,169 5,006 6,258 42, 586 22, 973 1,165, 272 147, 603 46, 546 1, 211, 818 1, 007, 795 267, 097 172, 416 10,000 277, 097 67, 210 467, 898 38, 024 9,200 477, 098 398,159 172, 896 15, 476 11, 759 184, 655 142, 830 303,052 11,348 314, 400 242, 300 129,080 21,315 9,613 138, 693 93,012 30,360 5,404 10, 048 40, 408 19, 961 12, 419 117, 589 5,176 122, 765 85, 662 44, 220 614 44, 834 37,136 119,170 3,625 122, 795 95, 693 68, 061 8,799 9,854 77, 915 56, 581 2, 536, 830 950, 250 185,330 2,722,160 1,683,456 269, 890 151,149 21, 600 291, 490 102, 328 28, 566 12,466 41,032 16, 766 723,172 72,596 795, 768 489, 675 235,080 1,186, 003 29,546 1,215, 549 512, 049 662,095 10, 308 48, 859 59,167 25,194 8,596 73, 862 77, 822 3,960 57,123 419, 582 427, 228 7,646 304, 818 102,159 106, 956 4,797 92, 922 209, 379 163, 471 45,908 79, 644 57, 990 18,048 7,812 25, 860 8,028 4,746 60, 093 10, 397 44, 802 70, 490 83,910 8, 350 63, 640 92, 260 15, 508 92, 794 7,900 47, 506 100, 694 509, 033 181, 857 523, 833 14,800 152, 940 447, 041 513, 736 649, 948 136, 212 107, 595 433, 581 676, 013 847, 082 171, 069 216,879 384, 259 394, 732 453, 413 58, 681 168, 634 128, 221 40, 413 80, 273 46,426 79, 863 3,428 83, 291 46, 240 17,173 106, 270 3,900 110,170 64,717 9,692 161, 461 171,153 127,101 36, 740 12, 500 49, 240 26,438 393, 683 84,382 128,142 478, 065 150,166 156, 803 14,000 144,461 170, 803 288, 097 2,400 290, 497 200, 909 128, 530 3,369 131,899 94,692 127,344 19, 500 146,844 1,610 111, 702 Legal expenses $51, 748 26,404 41,396 9,228 15,851 6,383 32, 454 39,166 62, 013 4, 454 10,631 10, 395 37, 922 9,868 2,758 5,450 9,440 3,152 6,537 3,071 2,018 4,046 34, 073 6, 653 2,555 13,462 6,148 1,131 3,689 9,297 6,487 4, 718 13, 489 804 842 5,243 589 10, 581 285 ' 2,864 2,824 3,160 2,967 739 765 265 1,007 2,037 10,473 5,846 461 3,500 7,078 974 932 7,723 994 6,001 1,312 1,387 572 4,393 4,354 3,492 6,804 5,968 5,471 568 1,189 2,040 133 15,639 1,553 . 2,105 433 9,677 243 REPORT OF THE COMPTROLLER OF THE CURRENCY appointment of receiver, and closing, with amounts of nominal and additional assets, assets, expenses of receiverships, claims proved, dividends paid, and remaining Balance i n Receivers' hands of salary comptroller a n d other and expenses receiver $68,434 143,152 30, 595 23, 476 68,124 30, 321 68, 592 25, 864 135 279 22, 420 32, 653 41,463 53, 350 31, 243 9,737 17, 830 22, 412 2.854 23', 766 23, 502 23, 877 24, 233 40,113 25,212 16,615 39,904 19, 743 9,930 19,930 27, 309 25, 725 13, 612 62,196 9,922 11, 243 29,430 13,135 35,453 25 289 23,397 18 517 21,158 19,906 14, 304 16,491 2,438 15, 359 9 677 39 944 23,647 15, 326 48, 022 24,306 11 533 11,064 31 921 12,950 25,144 3,674 8,245 8,237 20,750 -29,646 24 362 38, 786 24, 555 20 413 5,634 11 587 17 186 10, 395 27 994 14, 229 33, 058 13 395 10, 552 Amount returned to shareholders i n cash $200, 000 150,000 200, 000 50, 000 200, 000 100, 000 500, 000 50, 000 $55.698 20; 357 17, 921 3, 808 51, 569 19, 622 15, 502 144 266 10,976 32, 231 5,317 26,137 8,113 5, 138 33?108 45 14, 324 31, 941 22, 198 40, 434 29, 936 52. 729 5,678 1,609 15, 808 5,937 10,415 15,007 563 5,672 29, 570 883 10,386 11,897 14,654 5,008 47, 782 1,493 7,428 4,995 10, 736 821 38,037 8,520 8,479 19,491 10,021 12 870 8,703 82, 766 90 40,600 8,100 16,056 4,303 28,045 155,036 67 458 151,032 38, 631 16 051 13, 676 32,677 24 826 12,274 156 124 10, 560 54, 425 23 379 13, 303 A m o u n t of assessment upon shareholders $350 000 50, 000 50, 000 50,000 50, 000 25, 000 25, 000 25, 000 50, 000 50, 000 40, 000 50, 000 25, 000 100. 000 100, 000 50, 000 50. 000 25, 000 25, 000 25, 000 25, 000 50, 000 50, 000 25, 000 100,000 30, 000 200, 000 50,000 25, 000 150,000 25, 000 75, 000 50 000 30, 000 25,000 25, 000 25, 000 25, 000 25, 000 25, 000 250 000 50, 000 25,000 200, 000 125, 000 50 000 25,000 100,000 25,000 150,000 25,000 25,000 25, 000 30, 000 200,000 150 000 200, 000 150, 000 75 000 25, 000 35 000 50 000 25,000 200 000 30,000 50, 000 25 000 50,000 Amount of claims proved $1, 570, 643 1, 850,300 ' 447, 891 323, 761 2, 830, 343 478. 085 1, 882, 658 350, 303 1 395, 738 346, 509 497,496 839, 436 801,165 325, 939 308, 005 295, 775 315, 777 850, 574 439, 651 243, 528 176, 039 249, 6.13 1, 230,185 421, 293 634, 867 352,119 94, 800 123,129 111, 962 146,167 306,189 112,324 1, 527,475 137, 258 70, 054 510, 631 44, 650 2,960, 568 172,416 759, 704 310, 432 887, 338 57, 865 51,487 83, 814 79, 789 99, 714 43, 717 1, 583,927 251,911 783' 612 946, 850 41, 654 55, 770 699, 851 200,947 580,405 47,458 170, 564 155, 098 188, 504 1,019, 606 484 764 1,452, 421 444,978 204, 732 228, 990 208 179 330, 052 82, 762 1,477 466 291, 886 64, 084 296, 450 279, 255 Interest Dividividends Finally closed (per cent) dends (per cent) 75 75 58. 85 82 94 50 77.50 90 100 40 85 49. 50 50 30 6.67 18 42 Sept. 30,1925 469 513 M5 531 533 542 549 554 589 100 nQO Dec. 31,1924 593 594 10 Oct. 27,1925 88.67 30 17 60.75 60 15 50 10 Oct. 28,1925 30 43.25 30 7.50 2 40 10 10 5 50 5 5 Jan. 13,1925 597 598 599 600 601 603 605 606 607 610 611 612 613 615 817 619 620 621 623 625 mn 628 630 632 633 634 635 20 10.50 15 Sept. 30,1925 20 60 60 30 75 20 640 642 643 644 645 646 648 649 650 652 654 655 656 657 658 16 10 10 660 661 15 20 15 663 664 665 666 667 20 7.50 10 40 t 669 670 671 67? 673 674 244 REPORT OF THE COMPTROLLER OF THE CURRENCY TABLE NO. '43.—National banks in charge of receivers, dates of orgoAiization, amounts collected from all sources, loans paid and other disbursements, losses on assets returned to stockholders to year ended October 31, 1925—Continued Title and location of banks Date of organization First National Bank, Harlowton, Mont First National Bank, American Falls, Idaho First National Bank, Clifton, Ariz Springfield National Bank, Springfield, Ohio First National Bank? Roundup, Mont First National Bank, Gregory, S. Dak — First National Bank, Bottineau, N. Dak Llano National Bank, Llano, Tex Farmers & Merchants National Bank, Jefferson, Iowa_. City National Bank, Jerome, Idaho First National Bank, Nampa, Idaho First National Bank, Rock River, Wyo First National Bank, Highland, Wis First National Bank, Joseph, Oreg-Peoples National Bank, Salisbury, N. C First National Bank, Big Sandy, Mont _ First National Bank, Willow City, N. Dak. First National Bank, Grandfield, Okia _ First National Bank, Sapulpa, Okla First National Bank, Chester, Mont.-First National Bank, Henryetta, Okla First National Bank, Carroll, Nebr First National Bank, Colquitt, Ga___ First National Bank, Shelby, Mont Fairiield National Bank, Fairneld, Iowa_._ Howard National Bank, Howard, S. Dak___ Roundup National Bank, Roundup, Mont First National Bank, Oswego, Mont First National Bank, Lovington, N. Mex___ First National Bank, Wells, Minn _-. First National Bank, Mitchell, S. Dak Cavalier County National Bank, Langdon, N. Dak American National Bank, Three Forks, Mont Lehigh National Bank Lehigh, Okla City National Bank, Coalgate, Okla First National Bank, Grey Eagle, Minn _„_ First National Bank, Fair view, Mont First National Bank, Carter, Mont First National Bank, Hemingford, Nebr Union National Bank, Beloit, Kans Texas County National Bank, Guymon, Okla Tucson National Bank, Tucson, Ariz National Bank of Barnesville, Ohio Citizens National Bank, Roswell, N. Mex First National Bank, Lancaster, Minn___ First National Bank, Tolley, N. Dak Citizens National Bank, Crosby, N. Dak First National Bank, Turtle Lake, N. Dak First National Bank, Soper, Okla First National Bank, Springfield, S. Dak Farmers National Bank, Tishomingo, Okla First National Bank, Seale, Ala First National Bank, Manville, Wyo__. First National Bank, Woodworth, N . Dak First National Bank, Lenapah, Okla First National Bank, Poplar, Mont First National Bank, Lansford, N. Dak First National Bank, Forsyth, Mont Condon National Bank, Condon, Oreg First National Bank, Moore, Mont Miners National Bank, Henryetta, Okla First National Bank, Schulter, Okla Merchants National Bank, Mandan, N. Dak First National Bank, Webster, S. Dak First National Bank, Dodson, Mont Sioux Falls, National Bank, Sioux Falls, S. Dak First National Bank, Sentinel Butte, N. Dak__ First National Bank, Beach, N. Dak First National Bank, Bisbee, N. Dak National Bank of Carlsbad, N. Mex Dakota National Bank, Dickinson, N. Dak First National Bank, Lusk, Wyo _„„ First National Bank, St. John, Wash First National Bank, Warroad, Minn -_ „.._ First National Bank. Brookings, S. Dak—_ Oct. 27,1908 Aug. 1,1907 May 14,1901 Jan. 17,1882 May 22,1908 Feb. 22.1907 Dee. 17,1901 Jan. 5.1901 Dec. 28,1911 Dec. 22,1919 Sept. 15.1906 Apr. 24.1919 June 14,1916 Dec. 11,1905 Mar. 10.1908 May 9.1917 Apr. 18,1903 Apr. 24.1911 Aug. 19.1901 Nov. 15i1917 June 29,1903 Aug. 21,1901 Oct. 3.1902 Dec. 14.1916 Dec. 24,1967 Aug. 13.1915 Oct. 26,1914 Jan. 8.1918 May 26.1917 Dec. 12,1891 Feb. 8,1882 Jan. 28.1908 Apr. 30,1917 Feb. 14.1901 Mar. 10.1920 May 28.1907 Aug. 26.1921 Apr. 25,1917 July 27.1912 Mar. 24,1903 Mar. 21,1923 Feb. 21,1918 Jan. 29,1903 Apr. 20.1903 May- 14,1919 May 17.1905 Apr. 14,1914 June 8,1907 Apr. 15.1913 Oct. 2,1907 July 23.1913 Sept. 28.1914 May 1,1918 Apr. 26,1919 Aug. 18,1919 July 28.1916 Mar. 16.1906 June 10.1904 Mar. 24,1906 Jan. 7,1907 Feb. 20.1913 Mar. 5,1917 Aug. 24.1914 Nov. 19.1902 Aug. 23.1917 Nov. 14.1882 Feb. 10.1915 May 26.1909 Apr. 1.1903 July 8,1903 Mar. 4,1905 June 23,1919 Mar. Aug. 11.1918 4,1920 Nov. 15.1883 Capital stock $50,000 50, 000 100, 000 100, 000 50,000 50,000 50, 000 50,000 40, 000 30, 000 200, 000 50, 000 25,000 25,000 100,000 25,000 25,000 50, 000 100, 000 25,000 50. 000 50', 000 50, 000 25,000 60,000 25.000 25, 000 25,000 30, 000 100,000 100,000 25,000 25. 000 35, 000 50, 000 25,000 40, 000 25,000 25, 000 50,000 25,000 100,000 100, 0C0 200, 000 25,000 25, 000 25, 000 25,000 30,000 25, 000 25, 000 25,000 25,000 25, 000 25,000 25, 000 25,000 75,000 50,000 25,000 50,000 25,000 50,000 25,000 25, 000 150, 000 25, 000 50, 000 25,000 100, 000 50,GOO 50,000 40,000 25,000 100,000 Receiver appointed Mar. Mar. Apr. Apr. 7,1923 26,1923 2,1923 5,1923 do. Apr. 12,1923 do Apr. 18,1923 Apr. 27,1923 May 24,1923 June 1,1923 June 14,1923 do. do July 3,1923 July 7,1923 July 12,1923 July 21,1923 July 30,1923 do July 31,1923 Aug. 13,1923 Aug. 14,1923 Aug. 27,1923 Aug. 30,1923 Sept. 1,1923 Sept. 6,1923 Oct. 5,1923 Oct. 8,1923 Oct. 22,1923 Oct. 23,1923 Oct. 29.1923 .do Nov. 8,1923 — .do do____do Nov. 9,1923 Nov. 10,1923 Nov. 13,1923 do Nov. 14,1923 do Nov. 16,1923 Nov. 19,1923 Nov. 21,1923 do do Nov. 22,1923 Nov. 28,1923 Dee. 6,1923 Dec. 10,1923 Dec. 11,1923 . — . d o - —_. Dec. 14,1923 Dec. 17,1923 do Dec. 18,1923 do Dec. 20,1923 Dec. 21,1923 dO--_-_. Dec. 26,1923 Jan. 2,1924 Jan. 21,1924 Jan. 24,1924 do do Jan. 28,1924, Feb. 6,1924 Feb. 7,1924 do .__do Feb. 9,1924 __do REPORT OF THE COMPTROLLER OF THE CURRENCY 245 appointment of receiver, and closing, with amounts of nominal and, additional assets, assets, expenses of receiverships, claims proved, dividends paid, and remaining Nominal assets at date of suspension Estimated good $81, 571 30, 701 210, 374 1,314,132 213, 681 45, 299 182, 688 112, 936 63, 691 58,182 94, 366 88, 029 108,961 478, 878 15, 951 80, 630 4.1, 304 219, 280 35, 274 547, 977 153, 317 88, 996 79,131 13, 338 75, 257 56,176 58, 678 112,400 166, 679 458, 659 404, 632 38, 395 79, 658 107, 244 13, 849 47, 361 15, 858 69, 998 321, 654 180, 421 413*. 189 457, 554 123, 511 89,131 22, 707 19, 745 95, 358 46, 632 80, 056 57, 574 12, 830 60, 365 31, 237 40[923 37 830 19' 849 242, 350 103, 031 46, 657 357, 810 38, 086 45,048 125, 681 33, 605 1, 748, 843 98, 731 297,840 86, 439 731,798 17. 446 36, 597 100, 653 117, 758 337,212 Estimated doubtful $90,142 371, 762 194, 391 167,913 112, 832 257, 777 230,932 172. 844 117', 029 37, 312 31,174 122, 998 17, 833 114, 303 255,458 30, 367 143, 859 129, 679 566, 071 105, 392 516, 671 257, 311 156,148 218, 301 48, 353 150, 855 31, 316 48,843 113, 607 652, 820 846, 395 171, 990 50, 025 149, 623 103,050 57, 799 74,354 56, 628 159, 664 169,837 48, 653 174* 932 53, 910 847, 636 156.379 103, 412 119,835 41, 582 129, 292 95,280 119, 943 145, 551 29, 928 99, 313 Si', 959 111 276 94' 211 299,147 103. 632 138.147 190, 573 24,320 175, 697 113, 962 63 939 746,' 250 48,156 160,685 143, 983 220, 201 153, 683 76, 268 67, 235 102, 560 428, 037 Estimated worthless $405, 582 191, 894 211,101 43, 730 451,201 63, 798 36,049 141,126 33, 066 42, 676 179, 530 66,034 28,640 138,678 575, 563 41,592 42,626 170, 847 235, 987 115. 343 201, 869 194,165 45, 040 57, 715 231, 384 65, 710 318,478 15 588 79', 202 297,201 57, 902 54, 696 33, 574 86, 078 76,102 60, 287 171, 967 16. 553 48, 663 233, 227 54. 570 320* 416 520, 999 672, 204 77,025 60, 218 72. 757 84, 886 142,062 59, 725 86, 292 36,977 35,676 27,321 22,'085 74,294 75'580 140,196 75,577 53, 270 111, 563 25, 831 211, 368 74,918 69, 802 458, 547 43,647 96, 317 41, 049 215, 322 91,909 46, 111 47,400 30,083 381, 524 Additional assets received since Total assets date of suspension $41,383 26. 658 40, 401 263,112 35,112 11,617 25,198 152,944 23, 847 13,738 23, 234 16, 341 29,596 21,946 43,165 2,615 8,238 5,429 109, 856 27,290 67, 612 17, 354 52, 849 .15, 049 4,466 7,536 5,672 12,112 37,990 84, 077 35,442 19,142 9, 776 4,914 77, 470 4.292 9,119 7, 540 26,758 43. 199 27,076 34^ 805 123, 218 71,647 22, 307 13, 079 33,698 21, 793 11,934 6,475 6,410 1,094 6,118 2, 401 13^ 744 11,327 9^715 33, 377 22,108 18,855 78, 470 6,475 32, 886 17, 625 138' 021 13,061 39,100 21,198 73, 786 23,162 7,672 20, 566 31,984 95, 713 Offsets allowed and settled $618, 678 621, 015 656, 267 1, 788, 887 812, 826 378, 491 474, 867 579, 850 237, 633 151, 908 233,938 299, 739 164, 098 383, 888 1, 353, 064 90, 525 275, 353 347, 259 1,131,194 283, 299 1, 334,129 622,147 343, 033 370,196 297, 541 299, 358 411, 642 135, 221 343,199 1, 200, 777 1,398, 398 650, 460 131, 770 320, 273 363, 866 136, 227 302, 801 96, 579 304, 983 767, 917 310, 720 94.3. 342 1,165) 081 1, 714, 998 344, 842 199, 416 246, 035 243, 619 329, 920 241. 536 270, 219 196, 452 132,087 160, 272 158,711 234, 727 199; 355 715,070 304, 343 256, 929 738,416 94, 712 464, 999 332,186 175,109 3,091,'661 203, 595 593, 942 292, 669 1, 241,107 286, 200 166, 648 235, 854 283, 285 1,242,486 $20, 643 2,047 54, 355 218, 567 44, 972 20,221 30, 804 159,195 7,904 14,224 160 24,803 10, 257 3,979 111, 171 3,771 6,534 94. 570 238,448 215 60,368 22,353 16, 682 28,173 4,589 22, 488 9,440 43, 676 48, 586 37,899 4,112 8,183 1,767 12,145 1,778 5, 410 1. 498 10C297 39, 261 45, 16 J 13,051 119, 398 25,147 15,796 25,110 48, 023 8,110 18,881 7,417 5,429 413 23,630 297 3,018 2. RSO 8; 879 56, 653 5,856 7,255 200, 453 24, 704 15,053 14,986 2,282 367,066 % 907 20,169 13,040 105, 617 5, 863 6,273 10,846 26,968 40,311 Loss on assets compounded 01 SOICL IHlUCr OlClei OI U u u l I $154, 715 13, 366 192,817 77,122 675 676 677 678 679 500 680 43,872 681 148, 676 683 28,961 684 685 7, 541 686 19,138 687 68S 9,456 689 80,997 691 2,249 693 11, 642 694 149, 807 635 119,901 696 37, 369 697 698, 015 698 142, 536 699 3,750 700 1,650 701 5, 875 702 27, 414 703 704 706 80, 841 707 11, 840 708 18,965 709 710 911 711 1, 329 713 15, 237 714 92, 382 715 19, 620 710 2, 783 717 14, 210 718 30, 879 719 720 4, 000 721 13, 474 722 15, 596 723 7, 111 724 9,749 725 2,523 726 1.730 727 190, 366 728 25,184 729 13,211 731 4, 782 732 3, 569 733 734 9,809 735 736 17,141 737 28, 548 738 739 7, 985 740 6. 898 741 '325 742 1,533 743 907 744 745 116, 083 74C 29, 885 747 10, 770 748 12 749 188, 513 751 6,802 752 375 753 4,410 754 5,258 755 65,371 756 246 REPORT OF THE COMPTROLLER OF THE CURRENCY TABLE N O . 43.—National banks in charge of receivers, dates of organization, amounts collected from all sources, loans paid and other disbursements, losses on assets returned to stockholders to year ended October 31, 1925—Continued Nominal value of remaining uncollected assets 675 678 677 678 679 680 681 683 684 685 686 687 688 689 691 693 694 695 696 697 698 699 700 701 702 703 704 706 707 708 709 710 711 713 714 715 716 717 718 719 720 721 722 723 724 725 726 727 728 729 731 732 733 734 735 736 737 738 739 740 741 742 743 744 745 746 747 748 749 751 752 753 754 755 756 $312,308 396 306 177,162 150, 521 533. 397 261,227 241,467 146, 601 95, 592 49, 520 181, 382 169, 601 71, 786 209, 725 662,076 57 756 191, 827 12, 789 481, 215 186 190 15,369 261, 585 187, 813 263 163 161 487 305, 632 72, 619 112 545 770, 343 788, 022 487 418 82, 949 235.612 2-51 915 Assets returned to stockholders' agent $182,645 220, 324 08, 787 155,713 415,405 99, 978 451, 670 548, 956 1,048, 081 239, 540 113 5G3 127, 585 135, 649 72 130,954 179, 914 178 504 74, 307 123 236 90. 690 174, 703 95,158 406, 704 172, 750 139, 648 361, 513 54, 081 300,214 216, 572 135,181 1,455,311 128, 491 390, 420 206,167 574, 015 197, 027 100,082 101, 750 145, MO 835,139 Collected from assets $131, 012 209, 296 231, 933 1,342,677 234,457 96, 543 158, 724 125, 378 105,176 88,164 44, 855 86,197 82, 055 160, 728 498, 820 26, 749 65. 350 90. 093 291, 630 59, 525 560, 377 195, 673 139,956 152, 560 28, 503 105, 868 83, 522 53,162 106,137 370, 008 553, 512 158, 930 39, 727 81, 565 84, 569 42, 067 57, 447 23, 511 124, 763 282,372 165, 581 474, 621 473, 853 626,174 82,395 50 994 67, 904 98,130 120, 601 77, 981 71,665 12, 753 30, 581 36 739 55,194 57, 394 78,177 225,165 125, 742 102, 041 169, 552 15, 602 148,199 99, 721 37, 646 1,152, 601 42, 312 172, 583 73,450 372, 962 76, 508 59. 918 118; 848 105, 749 281, 665 • Collected Total from assessment collections from all upon share- sources holders $29,969 10,700 48,183 100, 000 16,264 5, 048 9,075 21, 600 5,272 3,400 19,809 6,300 10, 975 62, 256 500 2, 525 8.452 42, 000 2,000 27, 373 4,000 2,478 58,425 13, 660 5, 369 8, 659 13,137 26,492 31,449 2, 74 *> 7, 346 3,800 2,780 7,800 21, C00 11, 660 11,000 28, 6C0 18,429 25, 846 98,400 38, 824 5, 225 9 000 11,824 4,500 10, 977 500 1,000 1 000 6,409 10 950 9,505 6,608 6,350 13, 204 24, 260 8,091 12, 035 979 6, 800 6,152 1,750 43,500 8,500 12, 880 12,000 19, 955 18, 775 10, 600 14, 903 16, 047 74,623 $160,981 219,996 280,116 1,442,677 250, 721 96, 543 163, 772 134,453 126, 776 93, 436 48, 255 106, 006 88,355 171, 703 561, 076 27, 249 67, 875 98, 545 333, 630 61, 525 587, 750 199, 673 139, 956 155, 038 86, 928 119, 528 88, 891 61, 821 119, 274 396, 500 584, 961 161, 676 47, 073 85, 365 87, 349 495 867 79,347 35,171 135, 763 310, 972 18-1, 010 500,467 572, 253 664, 998 87, 620 59, 994 79, 728 102, 630 131, 578 78,481 72, 665 13, 753 36, 990 47. 689 64; 699 64,002 84, 527 238,369 150, 002 110,132 181, 587 16, 581 154, 999 105, 873 39, 396 1,196,101 50, 812 185,463 85,450 392, 917 95, 283 70, 518 133, 751 121, 796 356, 288 Secured and preferred liabilities paid $97, 855 163, 822 208, 088 238, 577 177, 739 68,429 45,134 61,417 65, 635 53, 932 11.161 53,683 . 20,473 132,802 207,800 17, 802 35, 976 55, 280 171,612 49, 590 277,920 152, 648 103,104 57,112 78, 223 77, 042 59,438 31, 712 82, 585 201, 903 451, 902 135, 662 30, 613 54, 373 55, 897 17, 883 42, 529 13, 823 26, 694 100, 931 108, 675 412,063 79, 509 508, 548 40, 992 35, 651 34,009 62,044 75, 685 33,105 46,344 Dividends paid $30,157 44, 555 1,072, 668 47, 901 94, 956 40, 578 46, 844 22, 700 20,170 50, 508 244, 902 33, 648 61,933 225, 074 20,977 62,022 10, 522 88, 778 $692 3,628 1,205 2,009 431 1,653 850 3,168 1,212 687 3,637 3,180 592 1,025 5,885 60 903 1,426 9,866 1,214 5,684 130 2,951 594 3,267 850 496 103 45 1,891 13,998 66 290 362 9,964 12,226 90,594 93, 017 43,423 407,288 28, 902 16, 736 12,119 184 10,407 34,201 44,166 41,513 41, 626 137, 600 111,099 42,418 117,536 4,507 61, 701 47, 850 29, 558 595,360 28, 824 98,090 66, 582 193, 556 30, 595 34,187 70, 084 58, 378 212, 674 Legal expenses 8,810 23,153 66,474 23,415 19,545 31,379 4,415 51, 559 36, 882 463,427 44, 893 78.216 2i; 357 13,478 31, 885 32, 084 778 825 507 123 2,404 8,946 1,023 4,774 3, 841 4,204 759 383 499 225 599 763 47 1,658 385 1,594 50 354 158 25 573 25 3,354 319 893 19,106 148 1,521 1,242 2,559 1,206 1,003 1,953 3,970 1,505 REPORT OF THE COMPTEOLLEB OP THE CUBBENCY 247 appointment of receiver, and closing, with amounts of nominal and additional assets, assets, expenses of receiverships, claims proved, dividends paid, and remaining in Amount Receivers' Balance hands of returned salary to sharecomptroller and other holders in and expenses cash receiver $17, 599 21, 857 15, 548 32, 205 15,929 11, 511 15,120 13, 740 9,110 10, 891 6,505 13, 734 11, 470 12, 719 20, 453 6,029 10, 609 7,184 28,550 4,684 25, 068 19,981 10,173 20, 445 659 13, 700 12, 994 6,269 8,710 22, 804 35, 910 25, 032 7,301 10, 447 8,939 8,385 7,576 1,744 11,763 16,802 14,418 36, 991 14.212 25, 333 9,442 6,240 9,551 11, 276 8,041 9,176 9,036 3,880 6,954 3,120 8,440 7,810 8,571 12,240 12,158 7,229 12,839 3,410 21,846 13, 506 5,442 64,010 6,291 12, 236 13, 340 16, 900 12,076 6,912 8,007 11, 627 23,833 $14, 678 30, 689 10, 720 97, 218 8,721 14,950 7,712 15, 550 3,975 5,226 26,952 15, 239 5,312 25,157 82, 036 3,358 20, 387 997 61, 669 6,037 54,004 26,914 14, 865 4,779 27,936 15,963 13, 215 27, 934 81,124 83,151 916 8,869 20,183 21, 735 12,810 28, 735 7,255 4,308 91,2-76 16, 471 46, 639 67,343 126, 913 36, 427 18,103 6,883 12,075 35,508 35,601 16, 522 9,642 9,161 9,983 10,499 14,629 10,823 22,055 3,172 40,915 19,260 4,224 16, 539 7,316 3,503 54,198 15,549 28, 723 4,286 101,686 30,049 14,938 21,822 15, 737 118, 276 $2, 751 67746°—26t 17 Amount of assessment upon shareholders $50, 000 50, 000 100,000 100, 000 50, 000 50, 000 50, 000 50, 000 40, 000 30, 000 200, 000 50, 000 25, 000 25, 000 100, 000 25, 000 25,000 50,000 300,000 25,000 50, 000 50,000 25, 000 60,000 25, 000 25, 000 25, 000 30, 000 100, 000 100, 000 25, 000 25, 000 35, 000 50,000 25,000 40,000 25,000 25,000 50, 000 25,000 100,000 100,000 200,000 25,000 25,000 25,000 25,000 30,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 75,000 50,000 25,000 50,000 25,000 50,000 25,000 25,000 150,000 25,000 50,000 25,000 100,000 50,000 50,000 40,000 25,000 100,000 Amount of claims proved $458,148 396, 434 445, 636 1,929, 410 621, 005 226, 621 379, 824 162, 364 92, 712 57,119 307, 000 202, 707 91, 837 300, 050 803,119 38, 598 224, 741 146, 293 545, 792 236, 302 899, 630 351, 840 20, 977 206, 739 27, 536 242, 720 213, 793 70, 447 205, 843 908,120 702, 234 362, 906 54, 042 250, 384 176, 760 99, 646 163, 099 <U', 131 229, 862 638, 747 173, 745 796,187 905,106 834,106 261, 819 128, 407 144, 516 126, 828 211,436 189,196 202, 878 173, 246 58,190 45, 684 58, 279 159,387 115, 770 444, 892 234,192 196, 826 314,015 44,128 327, 344 245,869 79, 450 1,853, 707 106, 412 448, 930 172,171 822, 674 151, 376 85, 764 98,347 160,422 1,009,285 Interest Dividividends dends Finally closed (per cent) (per cent) ex 675 676 677 678 679 680 10 55. 833 8 25 25 45 40 683 684 685 686 687 10 55 30 23 10 24 100 30 15 10 10 20 45 15 25 45 20 10 5 15 20 15 10 10 10 10 15 15 25 10 10 15 15 20 20 100 Mar. 23,1925 6SH 689 691 693 694 695 696 697 698 699 700 701 702 703 704 706 707 708 709 710 711 713 714 715 716 71-7 718 719 7?0 721 722 723 724 795 726 728 739 731 732 733 734 735 736 737 73K 739 740 741 743 743 744 745 746 747 748 749 751 752 753 754 755 756 248 BEFOBT OF THE COMPTROLLER OF THE CURRENCY TABLE N O . 43.—-National banks in charge of receivers, dates of organization, amounts collected from all sources, loans paid and other disbursements, losses on assets returned to stockholders to year ended October 31, 1925—Continued Title aad location of banks Date of organization Capital stock Receiver appointed _ Aug. 31,1910 757 First National Bank, Ronan, Mont__ $25,000 Feb. 9,1924 758 First National Bank, Harrison, Nebr June 28,1907 60,000 Feb. 12,1924 760 First National Bank, Clarkston, Wash Mar. 16.1903 50,000 . do. 761 First National Bank, Carthage, S. Dak Mar. 20,1916 25,000 . do762 First National Bank, Onida, S. Dak Jan. 17,1920 25,000 do 763 Commercial National Bank, Miles City, Mont_ Aug. 15,1895 250,000 Feb. 15,1924 __. Aug. 23,1902 764 Nowata National Bank, Nowata, Okla 25,000 Feb. 19,1924 765 First National Bank, Castlewood, S. Dak.__ Oct. 2,1901 25,000 . do. 767 First National Bank of Clovis, N . Mex _ _. June 14,1907 100,000 Feb. 20,1924 768 First National Bank, Charlo, Mont Feb. 26.1918 25,000 . do. 770 First National Bank, Sidney, Mont „ Dec. 23,1907 50,000 Feb. 26,1924 771 Stoekmans National Bank, Fort Benton, Mont Dec. 24,1889 200,600 - do772 First National Bank, Fort Sumner, N . Mex Feb. 28.1907 25.000 . do. 773 Wells Nat ional B ank, Wells, M inn _ Apr. 6,1903 75,000 -__do774 First National Bank, Gering, Nebr_ _. Dec. 28.1905 25,000 . do. 775 Western National Bank, Mitchell, S. Dak._. _ . Sept. 12.1904 100,000 Feb. 27,1924 776 First National Bank, Coalgate, Okla _ _ Dec. 8,1900 100,000 . do777 First National Bank, Mclntosh, S. Dak_ Oct. 16,1908 25,000 Mar. 1,1924 778 First National Bank, Clayton, N . Mex Dec. 29,1900 75,000 . . . d o 779 First National Bank in Deming, N. Mex_ Aug. 5,1903 40,000 Mar, " 4,1924" 780 First National Bank, St. Anthony, Idaho. _ Dec. 31,1900 50,000 do 781 First National Bank, Huron, S. Dak May 19,1882 6-5,000 Mar. 14,1924 782 Farmers & Merchants National Bank, Fairbury, Nebr_. Feb. 8,1913 60,006 Mar. 15,1924 783 First National Bank, Golva, N . Dak__ 25,000 Mar. 18,1924 _ Apr. 14.1919 784 First National Bank, Lingle, Wyo 25,000 Mar. 19,1924 __ Aug. 19.1918 785 Torrington National Bank, Torrington, Wyo 35,000 . do. Feb. 3,1919 786 Citizens National Bank, Jamestown, N . Dak.* 50,000 Mar. 21,1924 _. June 16.1905 787 First National Bank, Poison, Mont 25,000 Mar. 22,1924 ._ Mar. 26.1909 788 Farmers National Bank, Parsons, Kans Nov. 18.1919 100,000 Mar. 24,1924 789 Merchants National Bank, Crookston, Minn.. Oct. 25,1884 75,000 -__do. 790 Citizens National Bank, Sisseton, S. Dak. 1 Aug. 18.1902 50,000 ...do-.791 First National Bank, Bristow, Nebr June 5,1909 40,000 ...do 794 First National Bank, Lake Preston, S. Dak July 24.1915 25,000 Mar. 28,1924 795 First National Bank, Hayward, Wis June 9,1905 50,000 Mar. 29,1924 7% First National Bank, Plentywood, Mont May 12,1913 60,000 Mar. 31,1924 797 First National Bank, Sterling, Colo Oct. 29,1900 100,000 Apr. 5,1924 First National Bank, Rocky Ford, Colo Oct. 23.1903 60, 000 do First National Bank-of Fergus County,Lewistown,Mont May 9,1904 300,000 Apr. 12,1924 801 State National Bank, Albuquerque, N . Mex Mar. 17.1904 200,000 Apr, 14,1924 802 First National Bank, Marysville, Kans Aug. 25,1882 75,000 Apr. 15,1924 do. 803 First National Bank, Alexander, N . Dak Jan. 22,1919 25,000 804 First National Bank, Pilger, Nebr Aug. 2,1901 SO, 000 Apr. 22,1924 do 805 First National Bank, Wiisall, Mont Apr. 11,1919 25,000 806 National Bank of Commerce, Shawnee, Okla Aug 18,1923 100,000 Apr. 28,1924 807 Citizens National Bank, Hankmson, N . Dak Jan. 18.1906 30,000 Apr. 30,1924 808 City National Bank, El Paso, Tex Oct. 14,1904 500,000 May 8,1924 809 Silver City National Bank, Silver City, N . Mex June 24,1886 100,000 May 14,1924 do. 810 First National Bank, Carlsbad, N . Mex May 19.1900 100,000 811 First National Bank, Baker, Mont Aug. 19,1913 25,000 May 20,1924 812 Farmers National Bank, Burlington, Elans Sept. 10.1903 55,000 May 21,1924 813 Drovers National Bank, East at. Louis, 111 Apr. 30,1913 200,000 May 22,1924 814 First National Bank, Schuyler, Nebr.. Sept. 4,1882 50,000 May 24,1924 do 815 First National Bank, Morristown, S.2 Dak May 11.1910 25,000 do 816 City National Bank, Huron, S. Dak. _ June 3,1907 25,000 June 12,1924 817 First National Bank, Newcastle, Wyo_ Mar. 23,1904 25,000 818 Citizens National Bank, Julesburg, Colo Sept. 29,1909 do 35,000 June 14,1924 819 First National Bank, Basin, Wyo May 15.1916 50,000 June 17,1924 820 First National Bank, Lidgerwood, N2. Dak May 29.1901 25,000 821 First National Bank, Galata, Mont. ._ Oct. 10.1917 25,000 June 18,1924 822 Citizens National Bank, Worthington, Minn June 7.1901 25,000 June 19,1924 823 First National Bank, Poteau, Okla Jan. 14.1904 824 National Bank of Commerce, Rochester, N . Y Feb. 1,1906 1,500,000 June 2~M924~ 25,000 June 23,1924 825 First National Bank, Alexandria, S. Dak1 July 16,1901 25,000 826 First National Bank, Walhalla, N . Dak. ... do Mar. 14.1908 75,000 827 Weiser National Bank, Weiser, Idaho do Feb. 19.1906 2 45,000 July 3,1924 829 Citizens National Bank, Ness City, Kans. Feb. 3,1906 830 First National Bank, Cheyenne, Wyo 200,000 July 9,1924 Dec. 29,1870 . 831 First National Bank, Lambert, Mont 25,000 July 16,1924 Apr. 20.1918 832 First National Bank, Bridgewater, S. Dak 25,000 July 18,1924 July 23.1903 833 Citizens National Bank, Cheyenne, Wyo July 21,1924 100,000 Jan. 15,1906 834 Bristow National Bank, B ristow, Okla .2 do. 25,000 __ Nov. 23.1911 835 First National Bank, Harrington, Wash 50,000 Aug. 6,1924 July 10,1908 836 First National Bank, Minnesota Lake, Minn 25, 000 Apr. 5.1902 do 837 First National Bank, Rexburg, Idaho 50,000 Aug. 11,1924 Jan. 19.1904 838 First National Bank, Ride, Idaho 25,000 Oct. 9,1916 do Mar. 23,1864 150,000 Aug. 13,1924 First National Bank, Putnam, Conn.. 1 3 Receiver appointed to complete unfinished liquidation. Restored to solvency. REPORT OP THE COMPTROLLER OF THE CURRENCY 249 appointment of receiver, and closing, with amounts of nominal and additional assets, assets, expenses of receiverships, claims proved, dividends paid, and remaining Nominal assets at date of suspension Estimated Estimated good doubtful Estimated worthless Additional assets received since date of suspension Total assets Offsets allowed and settled 2,521 290,148 453.156 20,170 15, 871 113, 727 261,195 161, 521 48,945 93,915 156, 092 218, 988 265, 511 14S, 925 35,842 67, 224 50,498 $10,990 28,059 18, 773 '9,349 W, 724 55,891 56,474 17,429 243 3,554 37, 539 38,730 5,421 64,286 36, 208 52, 892 50,764 17, 881 18,151 13, 241 35, 241 88, 995 25, 620 792 5, 639 7,449 $231,742 588, 860 303,136 362, 030 214, 706 2,485, 213 700,681 304, 563 28, 243 85,975 830.831 1,542', 023 173,065 1,375, 781 453, 792 %, 02G, 194 1,021. 700 229, 645 405, 621 528, 633 654, 470 2,094, 776 428, 430 136, 002 172. 838 153, 203 5,178 10,329 19,030 10, 236 66, 058 31, 609 16, 399 31, 224 14,490 9, 607 4, 781 5, 321 74, 341 27, 804 1, 625 3,485 8,110 109, 949 112, 264 557, 258 51, 548 107,480 344, 707 42, 929 55, 269 70,405 260,826 588, 286 1, 724, 814 18, 308 29, 348 150,687 97,071 79, 237 181,021 133, 898 269,033 162,213 1,473, 857 1,086,248 128,028 98, 263 116, 055 4,544 498, 560 61, 532 1, 595, 305 238, 727 229,143 89,083 187,375 365, 514 183,098 10,602 85,731 109,207 161, 661 191,366 566, 659 152,393 2,307,203 905, 692 414,224 112,856 138, 972 33,162 449, 972 107, 787 3,381, 887 384, 564 691,804 110, 292 218, 309 351,033 331, 264 100,832 50,038 201,387 295,107 58, 241 282,733 76,017 833, 221 581, 873 297,133 87,299 74,016 47,363 264, 224 97,130 357, 977 616, 748 71, 372 58,529 77, 534 164, 452 164, 900 109, 723 " 15,581 10,022 23, 521 8,030 45, 457 108,660 227, 261 94,507 120,948 13,817 42,101 2,702 105, 617 10,177 1, 254, 9T3 127, 250 276,132 22,053 30, 866 13, 898 11,156 6,091 248,421 399, 853 661,310 391, 535 1,163, 882 499, 283 4,841, 542 2, 668, 320 960, 333 312, 235 371,144 87, 771 1,318, 373 276, 626 6, 580. 082 1, 367, 289 1, 268, 451 279, 957 514,084 894, 897 690, 418 227, 253 8, 237 5, 678 67,131 3, 567 88,92;0 23,117 S53,039 192, 571 60,257 12,600 5,395 525 90.382 2,746 484, 733 172, 886 30,110 14, 906 19,289 26,945 42,844 3,179 231,640 90, 751 181, 300 152, 343 320, 876 97, 738 116,219 504, 763 143,383 86, 930 44, 739 200, 587 45, 960 15, 6.22 28, 736 42,104 741, 859 291,041 370, 994 899, 797 29,926 18, 345 33, 686 19,335 225,236 105, 664 67,500 377, 651 214, 643 99,147 1, 337,085 12$, 306 102, 413 166,441 2,271,292 64,035 41, 471 10,668 141, 402 12,841 533, 763 381, 920 3,817, 279 583, 833 43,617 31, 781 131,765 433, 357 551,491 34, 505 1,151,118 15, 326 2, 797, 972 34,053 153, 794 1,020, 533 1, 050 242^ 774 93, 395 132, 278 23,120 1,883, 750 2,820,497 27, 599 133, 845 843,631 585,842 76,034 35, 202 75, 833 29,402 45, 246 503, 666 188, 481 182, 201 6,419, 957 139, 789 330,905 1,999, 087 8 ^8 402, 493 370, 513 831, 992 247, 221 2- 357,009 453, 960 2,-945 22.028 170; 362 120,621 181, 730 184, 316 34, 286 186, 081 215,646 2,103 8,064 £8, 770 2,198 9. 696 59,1,42 11, 7S2 1,334 104,977 $30; 884 205, 675 98, 887 58, 572 69,633 806,234 288,368 168, 897 27,339 470, 454 252,126 85, 609 393, 700 50, 628 196, 375 463,871 59, 230 75, 621 106, 843 193, 783 938, 783 162, 379 22,914 47, 111 48, 570 $155, 788 247, 817 170,037 165, 098 79,432 946,948 240. 028 53; 246 28, 000 52, 561 32, 690 798, 011 61,865 901,924 253, 229 509, 732 345, 544 103, 589 217, 934 252,457 206, 458 851, 487 91, 506 76,454 52,914 46, 686 56,400 313, 273 752,444 $34,080 107,309 15,439 129, 011 54, 917 677,140 115, 811 64,991 $9,092 50, 554 10,820 10,466 2. 065 89; 009 58, 903 1,908 28,737 6,173 27,027 17, 594 •1,101 172,472 Loss on assets compounded or sold u n d e r orcicr 01 court $8,443 22,195 19, 776 5, 803 29, 689 U, 529 1,400 546 563 67, 006 11,344 11,939 6,108 9,780 35, 300 78, 668 900 1, 819 34,123 3, 885 124 757 758 760 761 762 763 764 765 767 768 770 771 772 773 774 775 776 777 778 779 780 781 782 783 784 785 787 788 789 790 40,166 791 19, 227 794 376,136 795 796 """774" 797 •48, 868 798 28, 771 799 68,404 801 50,119 802 2,310 803 30,468 804 1,199 •805 38,052 808 20,868 807 151, 965 808 536,352 809 34, 626 810 25 811 4, 570 812 27,449 813 18,404 814 40 815 816 7,989 817 2,280 818 819 370,118 820 821 28,112 822 10, 398 823 156, 069 824 116, 571 825 826 827 829 63,253 830 1, 246 831 6,103 832 12, 336 833 834 835 25 836 75, 242 837 17, 515 838 4,096 839 5, 738 82. 609 76, 257 250 REPORT OF THE COMPTROLLER OF THE CURRENCY TABLE N O . 43.—National banks in charge of receivers, dates of organization, amounts collected from all sources, loans paid and other disbursements, losses on assets returned to stockholders to year ended October 31, 1925—Continued Nominal value of remaining uncollected assets 757 758 760 761 762 763 764 765 767 768 770 771 772 773 974 775 776 777 778 779 780 781 782 783 784 785 786 787 788 789 790 791 794 795 796 797 798 799 801 802 803 804 805 806 807 808 809 810 811 812 813 814 815 816 817 818 819 820 821 822 823 824 825 826 827 829 830 831 832 833 834 835 836 837 838 839 Assets returned to stockholders' agent Collected from assets $148,145 315,326 158, 554 237, 986 151, 849 642,155 354, 652 193, 048 16, 800 48, 519 529, 612 1,123, 071 84, 990 661,167 304,999 603, 979 695, 736 157, 802 283, 999 293, 650 519, 911 1,480,479 138,160 105, 662 111, 887 110, 079 $66,062 222, 980 111, 567 93, 802 60, 792 749,186 257, 437 98, 078 11, 443 32, 278 289,490 399, 376 77, 276 581, 550 105, 840 387, 877 288, 632 47, 573 76, 715 151, 534 128,338 538,137 228, 343 28, 715 53, 631 34, 890 180, 324 122, 372 572, 330 110, 645 254, 889 67,283 343.134 650,126 214, 571 2, 943, 889 1,143, 974 454, 534 232, 743 241.135 51, 660 679, 624 137, 880 3, 214, 685 734, 775 140, 566 296, 579 426, 345 390,055 157, 493 451, 732 177, 924 185, 830 316, 081 209, 220 3,143,827 859, 316 3, 735, 216 79, 274 171,374 976,654 1,944 259,928 99, 673 589,610 199,103 822,627 Collected Total from assessment collections from all upon share- sources holders Secured and preferred liabilities 13, 900 6,284 44, 675 4,700 4,000 11, 859 5,548 16, 391 14,100 32, 209 1,850 1, 650 14, 625 $32, 752 67, 516 25, 764 62, 985 43, 066 548, 246 139, 529 58,311 509 13, 461 205, 713 346,983 54, 378 167, 326 58, 852 317,896 223, 599 26, 979 51, 616 86,426 88, 495 352, 992 96, 864 18, 703 34, 767 31,847 56, 456 353, 957 925, 540 7,375 80, 200 13, 957 63, 831 434,157 939, 497 33, 795 138, 972 35, 825 89,439 120, 059 150, 760 44, 834 424,062 212, 727 1, 515, 843 1,263, 371 395, 423 64, 582 94,146 34, 387 510, 315 115,132 2, 738, 699 658,051 468, 940 124,460 193, 646 414,158 239,115 66, 541 35,060 1,932 2,000 8,000 24,650 16, 700 123, 686 139,167 9,367 7,215 7,150 1,844 43, 691 69,061 32, 738 27,028 6,337 296,461 43, 263 76, 475 14, 970 26, 499 65, 980 18,000 10, 725 124, 499 121, 991 152, 760 52,834 448, 712 229, 427 1, 639, 529 1,402, 538 404, 790 71, 797 101, 296 36, 231 % 510,315 121, 469 3,035,160 701, 314 545, 415 139,430 220,145 480,138 257,115 77, 266 237,016 75,153 545, 837 697, 260 165, 594 33, 695 75,152 25,925 299, 481 38,180 1,684, 948 345,174 289, 534 68, 591 71, 444 208, 085 71,287 49, 600 252, 212 92,492 151,478 510, 344 5,760 10,015 11, 650 22, 305 257, 972 102, 507 163,128 532, 649 137, 655 71,125 37,280 176, 819 8,750 8,500 101, 557 90, 401 500, 801 80,694 7,460 20,450 100, 275 14, 600 953 521 383 525 10,600 204, 703 139, 021 517, 383 449,125 ~276,~476 "16," 425 286, 901 185,495 2,167, 528 56,324 131,400 839, 715 1,304 136,392 252, 788 149, 546 29,502 1,357,814 65, 399 2,250 16,025 51,559 4,200 31,150 25,000 12, 619 7,994 136,912 2, 232, 927 58, 574 147. 425 891, 274 5,504 167, 542 277, 788 162,165 37,496 1,494, 726 1,024, 275 42, 976 46, 826 152,423 392 122,4S6 14,388 110,184 24,481 353, £95 195, 130, 517, 438, Legal expenses paid $67,324 246, 980 120,113 104,995 66, 792 790, 590 279, 960 107, 953 11, 443 39, 738 309, 940 499, 651 91,876 595,450 112,124 432, 552 293, 332 51, 573 88, 574 157, 082 144, 729 552, 237 260, 552 30, 565 55, 281 49, 515 $1, 262 24,000 8,546 11,193 6,000 41,404 22, 523 9,875 Dividends paid $12,396 147, 994 69, 688 149, 649 31, 361 16, 783 26,177 153,325 32, 654 105, 734 249, 688 743, 254 47, 085 27, 498 84, 879 100, 271 437, 907 213, 429 176, 406 60,685 789, 379 340, 704 164, 739 59, 233 72, 578 247, 941 124, 392 $1, 286 1,534 805 450 436 3,008 4,696 1, 743 640 2,236 634 844 4,979 1,520 178 5 650 954 3,133 339 2,238 10,371 185 1,626 741 1,167 4,971 6,048 2,800 2,835 2,196 221 3,713 752 8,878 4,351 2,582 748 1,811 258 1, 825 1, 788 14,694 414 1,254 354 1,289 2,584 624 249 2,771 827 27, 706 328,403 82,919 21, 836 356, 766 3,225 1,191 405 3,014 2,340 2,219 812,976 84,277 675, 260 3,591 193,135 918,605 1,611 316 1.474 2,974 7 2,251 401 511 6,301 REPORT OF THE COMPTROLLER OP THE CURRENCY 251 appointemnt of receiver, and closing, with amounts of nominal and additional assets, assets, expenses of receiverships, claims proved, dividends paid, and remaining Receivers' salary and other expenses Balance in hands of omptroller and receiver Amount Amount of returned assessment to shareupon holders in sharecash holders $7,847 7,052 13,423 11,156 8,194 31,091 17, 722 11,693 366 4,371 10,461 15,853 6,560 20, 800 10,716 26,677 18,454 8,411 14,698 15,988 19, 753 25,404 13,809 3,659 7,527 8,593 $13,043 22,884 10,433 30,404 15,096 58, 596 86,652 36, 206 10, 568 4,483 91, 530 136,181 3,917 249,020 8,382 87,801 51,274 15, 533 21,306 51, 535 36,142 171,603 33,774 8,018 11,361 8,334 $25,000 50,000 50,000 25,000 25,000 25,000 25,000 25,000 100,000 25,000 50,000 200, 000 25,000 75,000 25,000 100,000 100,000 25,000 75,000 50,000 50,000 65,000 60,000 25,000 25,000 35,000 $123,964 477,795 174, 210 298,192 123, 271 1,482,412 376,160 245,413 7,518 16, 750 31,108 21,351 23, 776 123, 262 25,000 100,000 75, 000 164,054 277,431 1,351, 361 7,254 11,151 11,005 7,701 19, 546 17,475 54, 580 37,244 14, 857 7,146 10, 275 5,220 17, 518 11, 372 66,940 15,022 18, 233 7, 798 10, 308 15, 064 12,237 7,845 23, 669 11,386 106, 821 17,884 103, 558 35, 776 1,030, 234 225,776 8,328 30, 208 14, 058 4,828 15, 085 9,444 479,199 40,000 25, 000 50,000 50,000 100,000 60, 000 300,000 200,000 75, 000 25, 000 50, 000 25,000 100, 000 30, 000 500,000 100,000 100,000 25,000 55,000 200, 000 50,000 25,000 140, 035 274, 982 621, 017 319,170 667, 600 226, 838 2,657,111 1,457, 555 533, 601 143, 304 190, 430 41,377 705, 659 205, 572 3, 617, 082 453, 432 463, 371 132, 253 362, 394 450, 814 496, 926 87, 792 30 10 13,136 12,203 11, 263 24,202 23, 430 18, 352 86, 879 25,000 25,000 35, 000 50, 000 504, 774 162, 218 201, 590 606, 793 15 15 54 8,683 12,108 12, 224 9,325 10, 353 14, 271 1,344 25, 000 25,000 392, 699 262, 956 20 10 18,147 81, 040 75, 000 941, 685 50,332 7,249 9,389 33, 719 175 7,944 8,338 9,243 4,422 23,636 343, 733 8,033 5,459 26,898 1,346 37,105 59,676 42, 337 8,082 192, 589 200,000 25,000 25,000 200,000 25,000 50,000 25,000 50,000 25,000 150,000 3, 251, 935 25 210, 696 1,350, 533 3,413 262, 757 324, 529 656,312 200, 247 1,601,094 40 50 100 Amount of claims proved 41,653 620, 931 359, 563 74, 297 1,026, 997 324, 466 597,393 662,274 164, 765 292,114 361, 764 538, 518 893, 835 211,326 47,510 65, 857 102,101 Divi- Interest dividends dends (per cent) (per cent) Finally closed 10 40 10 10 40 35 15 10 " "1 50 Oct. 71, 645 3, 454 64, 526 6,464 48, 575 19 572 7,1925 Dec. 16,1924 iI 10 45 30 40 25 30 20 50 40 45 20 55 25 A p r . 30, 1925 J a n . 15,1925 A p r . 20,1925 82.45 25,000 90 55 100 60 55 [ 757 758 760 761 762 663 764 765 767 768 770 771 772 773 774 775 776 777 778 779 780 781 782 783 784 785 786 787 788 789 790 791 794 795 796 797 798 799 801 802 803 804 805 806 807 808 809 810 811 812 813 814 815 816 817 818 819 820 821 822 823 824 825 826 827 829 830 831 832 833 834 835 836 837 i 838 ! 839 252 REPORT OF THE COMPTROLLER OF THE CURRENCY TABLE N O . 43.—National banks in charge of receivers, dates of organization, amounts collected from all sources, loans 'paid and other, disbursements, losses on assets returned to stockholders to year ended October 81, 1925—Continued Title and location of bank State National Bank, Carlsbad, N . M e x . 2 . . . Northwestern National Bank, Livingston, Mont__ First National Bank in Clovis, N . Mex__ First National Bank, Beaver Creek, Minn___ First National Bank, Rudyard, Mont _ First National Bank, Groom, Tex ; First National Bank, Ozark, Ala First National Bank, Ulen, Minn Citizens National Bank, Centerville, Tenn National Border Bank, El Paso, Tex _ First National Bank, Alma, Wis Merchants National Bank, Grinnell, Iowa First National Bank, Morgan, Tex __ First National Bank, Abbeville, Ala First National Bank, Dodge, Nebr _ First National Bank, Algona, Iowa _ First National Bank, Boise City, Okla First National Bank, Ailendale, S. C First National Bank, Barnwell, S. C First National Bank, Center, Tex Farmers National Bank, Dodge Center, Minn First National Bank, Torrington, Wyo Parkesburg National Bank, Parkesburg, Pa First National Bank, Buffalo, Okla _ . First National Bank, Oldham, S. Dak First National Bank, Savoy, Mont First National Bank, Spring Hope, N . C Stockmans National Bank, Columbus, Mont. First National Bank, Alexandria, Minn First National Bank, Townsend, Mont _ First National Bank, Rigby, Idaho Peoples National Bank, Hot Springs, S. Dak First National Bank, Sylvester, Ga._ First National Bank, Salem, S. Dak _ Jefferson County National Bank, Rigby, Idaho 2 Neoga National Bank, Neogo, 111 First National Bank, Mohall, N . Dak First National Bank, Excelsior Springs, Mo Logan County National Bank, Sterling, Colo First National Bank, Buena Vista, Ga First National Bank, Hampton, Ga.__ Perry National Bank, Perry, Iowa _ Farmers National Bank, Hempstead, Tex First National Bank, Crystal, N . Dak___ The National Bank of Abbeville, S. C Commercial National Bank, Charleston, S. G._ First National Bank, Quincy, Fla National Bank of Commerce, Pierre, S. Dak__ Black Hawk National Bank, Waterloo, Iowa 2 Lebanon National Bank, Lebanon, Tenn_ First National Bank, Shelley, Idaho First National Bank, Brinsmade, N. Dak First National Bank, Atwater, Minn __ First National Bank, Renville, Minn.. __. First National Bank, Idabel, Okla... First National Bank, Pleasantville, Iowa First National Bank, Cavalier, N. Dak _ First National Bank, Stevensville, Mont First National Bank, Wapanucka, Okla.. _ First National Bank, Matoaka, W. Va First National Bank, Volant, Pa. 1 City National Bank, Clarksville, Tex First National Bank, Montpelier, Idaho.. First National Bank, Buhl, Idaho First National Bank, Lemmon, S. Dak _ Commercial National Bank, Greenville, Tex Farmers National Bank, Chandler, Okla First National Bank, Bamberg, S. C First National Bank, Bandon, Oreg Georgia National Bank, Athens, Ga Osceola National Bank, Osceola, Iowa First National Bank, Wimbledon, N.2 Dak First National Bank', Hedrick, Iowa First National Bank, Jasper, Minn * Receiver appointed to complete unfinished liquidation. Date of organization Feb. 8,1917 Mar. 27.1917 Feb. 28,1924 Jan. 4,1909 May 29.1918 Aug. 16.1919 Feb. 13.1905 Dec. 12.1903 May 31.1910 Jan. 17,1924 May 16.1906 Apr. 28.1883 May 3.1902 Aug. 17,1901 June 18.1904 May 15.1884 Aug. 30,1917 Nov. 30.1917 Jan. 9,1919 Sept. 10.1901 Feb. 4.1903 Oct. 6,1908 Feb. 27,1880 Sept. 2,1907 Aug. 30,1912 May 29.1918 May 6,1919 July 12.1918 June 9,1883 Jan. 31.1911 June 13.1919 May 23?1908 Mar. 11,1902 July 5', 1901 June 9,1919 July 11,1905 Sept. 17,1903 May 5,1905 Oct. 11.1905 Oct. 12,1905 July 13,1911 Jan. 2,1912 Apr. 5,1893 Sept. 12.1905 Oct. 16.1885 May 5,1914 May 4.1904 Feb. 13,1890 Apr. 17.1903 Apr. 13.1907 July 15.1919 Dec. 11,1906 June 15,1914 Dec. 19.1902 Dec. 10.1906 Aug. 2,1900 Nov. 24,1911 Feb. 4,1915 Aug. 8,1901 Nov. 7,1918 June 14.1920 Oct. 8,1914 Aug. 9,1904 Aug. 10,1917 Oct. 16.1908 Nov. 24.1904 Nov. 25.1921 Apr. 19,1920 Feb. 25,1910 O< 14,1902 Oct.. 8.1901 Feb. 7,1903 Aug. 11,39.00 Oct. 7.1902 Capital stock Receiver appointed $75,000 Aug. 25,1924 100,000 Aug. 30,1924 50,000 Sept. 4,1924 30,000 Sept. 20,1924 25,000 Oct. 4,1924 25,000 Oct. 6,1924 35, 000 Oct. 23,1924 25, 000 Oct. 28,1924 do. 30, 000 200,000 Oct. 30,1924 25,000 N o v . 7,1924 100,000 N o v . 12,1924 35, 000 N o v . 13,1924 100,000 N o v . 14,1924 50,000 N o v . 22,1924 50,000 N o v . 24,1924 25,000 N o v . 25,1924 50,000 Dec. 3,1924 do. 50,000 50,000 do 30,000 Dec. 9,1924 | 50,000 Dec. 16,1924 : 50,000 Dec. 26,1924 25,000 Dec. 27,1924 25,000 Jan. 3,1925 25,000 do 50,000 Jan. 7,1925 50,000 do. 60,000 Jan. 8,1925 50,000 .do. 80,000 Jan. 12,1925 25,000 Jan. 15,1925 50,000 do. 25,000 Jan. 16,1925 50,000 Jan. 17,1925 25,000 Jan. 21,1925 25,000 Jan. 22,1925 25,000 Jan. 24,1925 150,000 Jan. 26,1925 do. 50,000 50,000 Jan. 27,1925 75,000 Feb. 5,1925 50,000 Feb. 7,1925 do 25,000 do. 75,000 do 200,000 100,000 Feb. 11,1925 do. 100,000 200,000 Feb. 13,1925 80,000 .do. 25,000 do 25,000 do. 25,000 Feb. 14,1925 25,000 .do. 80,000 Feb. 18,1825 25,000 Feb. 21,1925 25,000 .do. 25,000 Mar. 2,1925 25,000 .do 50,000 Mar. 3,1925 25,000 Mar. 7,1925 200,000 Mar. 9,1925 50,000 Mar. 13,1925 100,000 Mar. :16,1925 50,000 Apr. 2,1925 150,000 Apr. 6,1925 25, 000 Apr. 10,1925 45,000 do 25,000 Apr. 13,1925 400/000 i Apr. 17,1925 25, 000 ' Apr. 22,1925 25, 000 Apr, 23,1925 25, 000 Apr. 24,1925 30,000 May 1,1925 REPORT OF THE COMPTROLLER OP THE CURRENCY 253 appointment of receiver, and dosing, with amounts of nominal and additional assets, assets, expenses of receiverships, claims proved, dividends paid, and remaining Nominal assets at date of suspension Estimated good Estimated doubtful Estimated worthless Additional assets received since date of suspension Total assets $9,844 6.298 8; 526 199 512 38,978 13, 862 119, 459 44, 944 6,795 45,312 3,153 3,594 3,959 23, 667 12,205 7,802 2,345 9,346 8,970 9,086 74,012 51, 808 4,794 3,408 3,233 2,196 29,092 8,444 23, 800 13,829 10, 844 5,653 $351,154 410, 632 199, 658 56, 428 57, 077 410, 907 336, 723 339, 904 1,915,928 296. 476 1,510, 846 99,543 285, 459 618, 409 827, 449 245, 788 423, 027 263, 438 279,149 866, 254 392, 580 451,144 362, 886 311,850 33,876 359,988 198, 619 1,078, 760 194, 254 981, 789 286,060 300, 095 253,428 $27,828 15,144 2,324 23 261 12,084 18,174 15,815 258, 033 11, 484 17, 313 16,844 5, 854 12, 739 19,222 15,174 8,959 6,884 25,102 8,863 47,233 50,089 22,783 16, 389 1,154 22, 717 3,624 41, 558 1,401 16,794 21,765 56, 534 6,962 216, 853 161,392 276, 580 934,833 209,835 152, 700 872,600 275,639 344,234 551, 723 1,368,722 593,434 1,189,994 6,702 243,446 166,450 169,436 543,501 485, 239 394,462 405,240 406, 250 151,895 343,876 837, 750 13,842 2,566 23,153 86,925 690 3,974 11,073 24,477 1,699 36,172 37 18,282 45, b38 4,635 648 11,470 22,975 37,698 3,189 7,903 9,536 2,005 156, 521 Loss on assets Offsets compounded allowed or sold under and settled order of court $122, 629 78,105 66, 588 13, 044 33, 340 209, 287 76, 607 171, 843 915, 858 100, 759 728, 525 62, 562 81, 215 194, 730 510, 551 89, 453 85, 653 95, 679 157,173 69, 229 258,131 234, 591 78,464 86, 664 6,986 171, 583 39, 730 226,188 26, 919 340,171 73,979 317,882 73,357 $145, 815 240, 590 89, 377 31, 565 9, 824 93, 641 146, 581 40, 589 754, 488 75, 474 286, 488 13, 671 114,117 295, 553 212, 738 120, 273 200, 411 97,131 66, 323 417, 626 25, 546 66,923 146, 527 114, 512 20, 625 102, 568 75,311 330,013 52, 930 342, 825 101,441 105,566 106,969 $72,866 85,639 35,167 11, 620 13,401 69, 001 99, 673 8,013 200,838 113, 448 450, 521 20,157 86, 533 124,187 80, 493 23, 857 129,161 68,283 48, 307 370,429 99, 817 75,818 86,087 105,880 2,857 82, 604 81.382 493; 467 105, 961 275,193 96,811 65,803 67,459 98, 536 11, 592 132, 279 282,949 108,643 46, 072 462,489 121,388 158,311 276, 265 231,376 187, 303 597,405 6,600 19,861 58, 555 27.301 105,342 202,858 109,006 98,188 183,494 34,155 59,946 566, 624 66,307 60, 558 99, 534 351,688 44, 232 61, 249 214,831 126,969 105,849 153, 733 643,034 259,814 223,923 49,126 85,300 19,411 284, 520 55, 780 44,929 172,325 21,142 76,571 113,575 486,938 134,405 351,952 131,385 50,830 128,634 173, 594 118, 611 156,439 114, 209 147,202 102,570 147, 713 5,820 90,342 49,602 12,127 255,420 148,063 125,051 130,451 72,374 4,616 130,588 27 2,884 3,942 25,356 15,676 1,180 450 22,955 6,140 3,503 8,150 7,374 11,912 16,714 102 1,853 7,463 1,374 9,145 15,707 3,966 62,392 3,180 10, 554 6,631 265,279 114,952 77,160 121,723 308,378 438, 483 113, 950 45,073 108, 324 1,916, 328 85, 818 39, 580 210,730 117,326 92,454 154,731 263, 743 153, 301 117, 240 108, 699 743, 757 56, 263 104,974 118, 252 382.089 441,139 147,372 227,107 101,382 25,056 53, 555 585, 896 70,156 44,317 6,128 10,886 7,242 5,077 29,749 2,033 1,088 10,815 20,099 5,665 6,951 450,062 587,461 662,558 615.558 959; 082 370, 666 - 188,457 279, 393 3,266,080 217,902 195, 822 16, 217 9,509 5,350 30,982 37,359 10,001 1,008 11,906 155, 762 2,478 5,173 1,617 810 124,796 84,230 225,61(3 206, 922 6,175 522, 343 7,627 514 $4,469 168, 795 798 121,028 484, 351 36,163 741 23,589 67,182 16,178 3,000 1, 664 787 3,450 23, 742 18,066 786 59, 660 3,000 10,488 837 640 189,658 379 1,313 3,668 23,504 7,071 1,870 2,515 840 841 842 843 844 845 848 847 848 849 850 851 852 853 854 855 856 857 858 859 860 861 862 863 804 8G5 886 867 863 869 870 871 872 873 874 875 876 877 878 879 880 881 882 883 884 885 888 887 888 889 890 891 892 893 894 895 897 898 899 900 901 902 903 904 905 906 907 908 909 910 911 912 913 254 REPORT OF THE COMPTROLLER OF THE CURRENCY TABLE N O . 43.—National banks in charge of receivers, dates of organization, amounts collected from all sources, loans paid and other disbursements, losses on assets returned to stockholders to year ended October 31, 1925—Continued Nominal value of remaining uncollected assets 840 841 842 843 844 845 846 847 848 849 850 851 852 853 854 855 856 857 858 859 860 861 862 863 864 865 866 867 868 869 870 871 872 873 874 875 876 877 878 879 880 881 882 883 884 885 886 887 888 889 890 891 892 893 894 895 896 897 898 899 900 901 90? 903 904 905 906 907 908 909 910 911 912 913 Assets returned to stockholders' agent $Oftl 975 Collected from assets Collected Total from assessment collections all upon share- from sources holders $150,312 272,479 68, 782 6,674 20, 672 38,003 59,945 223, 521 1,2G0, 824 49,186 383,303 28,147 146, 071 588,488 258, 509 75, 767 106,825 86, 682 116, 526 130,370 133, 221 275,622 102, 218 112, 790 14, 656 137,196 38, 275 311, 985 35, 088 264, 502 55, 836 38,100 78, 347 $74,832 192,369 40, 655 3,996 10, 848 26, 318 33,124 35, 623 91, 538 6,351 192,309 9, 365 11,446 128, 737 137,340 59,852 53,311 39,944 26, 500 77, 547 27,920 70,415 36, 396 30, 731 6,644 10, 641 10,237 72, 019 18, 994 180, 620 5,942 17,158 35, 515 47, 761 4,031 1,788 188, 741 30, 410 5, 577 65, 297 29, 284 22. 923 20, 784 60. 995 113, 253 38,902 94,974 34, 450 85, 261 14, 838 125, 568 324, 970 42, 292 26, 549 205, 111 87, 894 42, 972 313, 860 193,050 252, 657 444, 204 101, 676 73, 508 60, 894 18, 914 88, 819 190, 709 71, 482 103, 372 83, 615 52, 967 28, 247 284, 855 55, 890 124, 848 165, 286 213, 540 259, 659 42, 642 29,947 96, 878 764, 531 44,103 21,191 43, 750 40, 894 5,125 1,800 52,825 4,425 12,340 16, 580 5,800 7,259 7,225 99, 640 165, 742 170, 411 215, 340 312,484 47,067 42, 287 113,458 770, 331 51,362 28,416 27,126 69, 843 93, 726 870 51,163 63 28, 692 59,116 628,993 18, 570 35 92,138 6,728 98,866 52,338 $116,882 226,693 62, 957 5,124 14,197 37,700 53, 665 203, 061 1,173, 544 35, 845 308,234 27,347 98,171 538,488 228, 009 71, 517 94,750 73,157 100, 326 123,196 128, 871 241,604 100, 718 97, 229 14, 656 97,763 25, 625 271, 055 29, 595 224,183 43, 999 32,300 76,147 $33,430 45,786 5,825 1,550 6,475 303 6,280 20,460 87, 280 13,341 75,069 800 47.900 50,000 30,500 4,250 12,075 13, 525 16,200 7,174 4,350 34, 018 1,500 15, 561 69, 611 13, 838 121, 068 252, 435 39,442 7,699 181, 081 65, 519 37, 222 266, 293 94,950 194, 093 405, 854 6,702 10,133 44, 990 17, 914 82,119 189, 709 70, 432 95, 872 66, 565 45, 867 28, 247 250, 405 15, 650 1,000 4,500 72, 535 2,850 18, 850 24, 030 22, 375 5,750 47, 567 98,100 58, 564 38, 350 94, 974 63, 375 15,904 1,000 6,700 1,000 1,050 7,500 17, 050 7,100 376, 338 452, 294 367,126 371, 036 654,993 318, 023 157, 502 168, 739 2,343,272 171, 321 169,458 422,064 134,377 51,281 42, 619 360,325 264,884 249,147 1,149,136 54, 611 157,845 564,040 159, 097 316,318 183,397 153, 721 732,531 216,476 158, 664 235, 935 174,490 238, 722 169,370 706,487 160, 258 740, 812 220, 296 211, 261 159, 841 133, 400 144, 988 131, 522 595, 473 169, 703 141,027 680, 446 185, 003 305, 313 249, 258 1, 084, 077 380, 680 738, 802 233, 313 115, 512 150, 874 449, 912 268, 887 262, 828 306,179 331, 782 96, 492 313, 624 430,824 ----- Secured and preferred liabilities paid 39,433 12, 650 40, 930 5,493 40, 319 11, 837 5,800 2,200 30, 500 9,321 366 39, 354 41, 595 62, 076 1,589 22, 428 11, 852 45, 838 Dividends paid $56,679 51, 3 01 Legal expenses $266 3,653 991 47 18 178, 628 1,136,115 9,276 109, 246 456, 678 58, 203 70,493 171, 541 52, 876 7,035 77, 864 82,160 333 645 2, 757 3,069 734 1,837 258 562 257 857 57 90 25 942 • 1, 522 205 458 439 51 2,880 2,038 1, 772 208 903 381 122 ! 15, 991 82, 792 110 88 242 484 26 479 647 274, 568 579 824 65, 719 309 2,716 12, 292 40 128,152 2 1,067 34 33 140 68 551 120 1,609 68 222 13 REPORT OF THE COMPTROLLER OP THE CURRENCY 255 appointment of receiver, and closing, with amounts of nominal and additional assets, assets, expenses of receiverships, claims proved, dividends paid, and remaining Balance in Receivers' hands of salary comptroller and other and expenses receiver $9,294 10,152 5,540 790 3,651 5,908 6,279 6,513 30,102 7,723 9,399 3,850 6,799 2, 816 11,297 4,246 3,773 3,181 6,999 8,184 5,668 11, 530 5,431 5,878 926 8,418 4,431 10, 558 3,545 9,272 4,781 2,098 5,486 Amount returned to shareholders in cash Amount of claims Droved 37, 407 21,569 145,476 12,341 73, 707 44, 732 18,844 37, 224 $100,000 50,000 30,000 25,000 25,000 35,000 25,000 30,000 200,000 25,000 100, 000 35, 000 100,000 50,000 50,000 25,000 50, 000 50,000 50,000 30, 000 50,000 50,000 25,000 25,000 25,000 50,000 50, 000 60,000 50,000 80,000 25,000 50,000 25,000 $144,653 128, 253 105, 717 16, 526 32,400 262, 961 251, 890 190, 080 658, 013 255, 519 1,057,671 46,437 145, 661 6, 023 700, 944 108,134 295, 890 175,434 233, 729 568,415 201, 388 343, 358 131, 819 224, 099 5,995 283, 276 63, 251 821, 596 71,317 607, 111 150,330 51,821 141,833 25,000 25,000 25,000 150,000 50,000 50,000 75,000 50,000 25,000 75,000 200,000 100,000 100,000 200,000 80,000 25,000 25,000 25,000 25,000 80,000 25,000 25,000 25,000 25,000 50,000 106, 604 65,477 186,199 429,410 105,038 94,097 531,841 160, 781 249,191 392,244 923,116 275, 738 891, 628 3,020 2,829 3,726 4,867 8,542 4,331 5,024 3,017 3,903 5,260 17,601 7,986 116,156 45, 578 7,327 18,053 130,332 53,335 16,275 11,436 122,700 68, 392 390, 886 6,702 73, 508 15,042 6,764 84,725 18,336 20,278 36,931 77,002 27,522 12,459 233, 757 8,981 6,126 4,364 5,870 10,836 4,431 1,332 3,134 12, 971 2,352 1,498 63,393 89, 705 71, 770 208,480 248,876 42,505 12, 263 50, 986 128, 354 30,440 26,883 200,000 50,000 100,000 50,000 150,000 25,000 45,000 25,000 400,000 25,000 25,000 118,801 249,950 233,036 517, 785 390, 895 207, 996 102,197 145,052 7,410 188,168 72,096 3,762 42, 766 30,000 288,420 3,798 2,733 7,382 7,375 4,529 2,919 9,003 4.628 3^774 6,493 8,531 4,984 11, 700 $9,241 15,004 21, 596 1,841 6,155 5,446 19,897 Amount of assessment upon shareholders 34, 378 179, 758 5,398 18, 018 109,015 11,612 49,651 43, 532 23,882 43,117 28,935 22,136 59,933 22, 866 137,000 123,226 111,031 452, 631 366,359 168,975 235,479 332,945 75,308 90,576 459, 551 Interest Dividividends Finally closed (per cent) dends (per cent) 40 40 92. 496 75 Sept. 30,1925 June 28,1925 20 75 100 Mar. 31,1925 25 35 50 25 100 30 100 Sept. 30,1925 10 15 20 70 25 10 35 894 895 897 July 15,1925 841 842 843 844 845 846 847 848 849 850 851 852 853 854 855 858 857 858 859 860 861 862 883 864 885 866 8G7 808 869 870 871 872 873 874 875 876 877 878 879 880 881 882 883 884 885 900 901 902 903 904 905 906 907 908 909 910 911 912 913 256 REPORT OF THE COMFT&QIuLEE OF THE CURIfcEN€Y TABLE: No. 43.—National banks in charge of receivers, dates- of g ^ amounts collected from all sources, loans paid and other disbursements, losses on assets returned to stockholders to year ended October 31, 1925—Continued 914 915 916 917 918 919 920 921 922 923 924 925 925 927 928 931 932 933 934 935 936 937 938 939 940 941 942 943 944 945 946 947 Title and location of banks Date of organization Capital stock First National Bank of Las Vegas, East Las Vegas, N. Mex „. First National Bank, Conyers, Ga . Hugo National'Bank, Hugo, Okla_ ___ First National Bank, Carnegie, Pa Burgettstown National Bank, Burgettstown, P a . . First National Bank, Selma, N. C First National Bank, Madison, S. Dak Farmers National Bank. Louisburg, N. C _ First National Bank, Florence, S. C _ First National Bank, Clear Lake, S. Dak._. ___, First National Bank, Grand on, Wis City National Bank, Hugo, Okia First National Bank, Springer,. N. Mex Merchants National Bank, Detroit, Minn First National Bunk, St, Cloud, Minn First National Bank, Simla, Colo First National Bank, Abercrombie, N. Dak ._ First National Bank, Wausa, Nebr. First National Bank, Redwood Falls, Minn _ First National Bank, Lumberton, N. C First National Bank, Walters, Okia First National Bank, Lake Park, Minn First National Bank, Sbeyenne, N. Dak First National Bank, Devol, Okia _ First National Bank, Dell Rapids, S. Dak Globs National Bank, Denver,. Colo.. _ First National Bank, Libby, Mont. First National Bank, Warren, Minn. _ .___ First National Bank, Winifred, Mont __ First National Bank, Hallock, Minn_ ___ First National Bank, Buffalo, Minn _ Manilla National Bank, Manilla, Iowa Love!and National Bank, Loveland,. Colo. __ Winner National Bank, Winner, S» Dak Aug. 25,1879 Sept. 3,1918 Apr. 11,1905 May 16,1892 Jan. 25,1879 May 7,1915 Mar. 29; 1884 Aug. 1,1912 Mar. 23,1910 June 28,1922 Mar. 16,1909 Feb. 10,1922 Oct. lS,i919 Feb. 9,1905 Sept. 25,1882 May 10,1919 Aug; 25,1906 Mar. 27,1911 Mar. 11,1901 July 21,1904 Jan. 10,1903 Feb. 10; 1904 Aug. 28,1907 Nov. 4,1919 Apr. 21,1880 Feb. 5,1920 Oct. 25,1909 May 18,1901 May 17,1917 Aug. 5,1903 June 7,1917 Nov. 12,1901 Feb. 14,190(5 Sept. 20,1921 $200,000 75,000 200,000 100, 000 100,000 30,000 50,000 25,000 150; ooo 25,000 50,000 100,000 50,000 60,000 250,000 25,000 25,000 75,000 70,000 50,000 50,000 25,000 25,000 25,000 60,000 200,000 40,000 50,000 25,000 60,000 50,000 25,000 100, 000 60,000 Total.. 23,105,000 Receiver appointed May 4,1925 May 12,1925 do-. .do. May 14,1925 May 16,1925 May 21,1925 May 22,1925 .do May 25,1925 May 29,1925 June 5,1925 June 15,1925 June 22,1925 June 24,1925 June 25,1925 June 30,1925 July 9,1925 July 29,1925 Aug. 4,1925 Aug.. % 1925 Aug. 24,1925 Sept.. 8,1925 Sept. 17,1925 Sept. 26,1925 Oct. 1,1925 Oct. 6,1925 Oct. 10,1925 Oct. 15,1925 Oct. 16,1925 Oct. 17,1925 Oct. 2U, 1925 Oct. 22,1925 Oct. 24,1925 REPORT OF THE COMPTROLLER OP THE CURRENCY 257 appointment of receiver, and closing, with amounts of nominal and additional assets, assets, expenses of receiverships, claims proved, dividends paid, and remaining Nominal assets at date of suspension Estimated good $432,119 69,206 462,972 1,138, 223 975, 738 165, 454 237,384 70,087 1,360, 861 146, 042 242, 760 105, 551 183,276 151,253 686,888 44, 508 106, 552 221,012 88, 616 398, 701 94,835 Estimated doubtful $321,751 155,373 397,029 511,485 497.425 104,954 207,006 50,269 87,000 165,713 232,165 107,021 30, 540 273,838 1,451, 826 35, 681 89, 517 253,375 303,046 105, 297 138,374 Estimated worthless $353,190 56,230 494,309 317, 405 524, 290 29,654 279,242 208,973 158, 704 43,489 167, 571 50.267 204; 814 398,048 36,148 58, 524 305, 255 127,066 124,823 63,640 Additional assets received since date of suspension Total assets $21,403 1,093 39,250 10,628 11,719 1,409 3,492 1,661 14,934 10,160 8,839 7,841 2,240 3,517 27,096 632 4, 593 5,256 7,805 2,953 718 $1,128,463 281,902 1,393, 560 1,977, 741 2,009,172 301.471 727,124 131,017 1,671,768 480, 609 527, 253 387,984 266, 323 633, 422 2, 563, &38 116. 967 259,187 784,898 526, 533 631, 779 297, 567 Loss on assets Offsets compounded allowed or sold under and settled order of court $90,351 179 86,283 80,021 39,976 183 8,549 3,222 108, 945 3,643 7,957 6, 423 4. 397 15, 249 38, 433 2,848 5,804 5,654 5,820 1, 386 $16, 236 68,425 914 915 916 917 918 919 920 921 922 923 924 926 927 928 930 931 932 933 QQt- 936 987 939 940 941 942 943 944 945 946 947 79, 534,09& 82,287,038 48,870,768 17,459,251 228,151,155 14, 947,055 16, 914, 760 258 REPORT OF THE COMPTROLLER OF THE CURRENCY TABLE N O . 43.—National banks in charge of receivers, dates of organization' amounts collected from all sources, loans paid and other disbursements, losses on assests returned to stockholders to year ended October 31, 1925—Continued Nominal value of remaining uncollected assets 914 915 916 917 918 919 920 921 922 923 924 925 926 927 928 929 930 931 932 933 934 935 936 937 938 939 940 941 942 943 944 945 946 947 Assets returned to stockholders' agent $811,687 263,041 1, 050, 796 1,008, 239 1, 262, 883 265,167 645,158 115,195 502,761 443,449 383, 783 336, 505 199, 200 533, 925 2,305, 088 90, 658 193,305 722, 911 458, 001 469, 766 295,112 111, 293,121 $182,645 Collected from assets Collected Total from collections assessment from all upon sharesources holders $210,189 18,682 256,481 889,481 706,313 36,121 73,417 12,600 991, 637 33, 517 135,513 45, 056 62, 726 84, 248 220, 337 23,461 60, 078 56,333 62, 712 160, 627 2,455 $19,150 1,803 24,006 500 500 5,487 9,475 275 84,813,574 7,099,143 1,725 14, 890 3,098 2, 000 19, 883 13,325 5,575 4,100 5,500 1,016 6,640 Secured and preferred liabilities paid $229,339 20,485 280,487 889,981 706, 813 41, 608 82, 892 12,875 991, 637 35, 242 150, 403 48,154 64, 726 104,131 233, 662 29,036 64,178 61, 823 63, 728 167, 267 2,455 $37,835 17,291 164,552 111,119 70,460 20,264 41,257 3,208 325,321 5,440 49, 527 13,173 40, 282 52,378 111,512 4,904 137 22,537 15,215 80,054 91,912,717 39,114,349 Dividends paid Legal expenses $373 301 $566,481 589 646, 758 53 40 176 343 88 457 17 12 7 32,653,156 977,317 REPORT OF THE COMPTROLLER OF THE CXJEEENCY 259 appointment of receiver, and closing, ivith amounts of nominal and additional assets, assets, expenses of receiverships, claims proved, dividends paid, and remaining Receivers' salary and other expenses Balance in hands of comptroller and receiver $6,047 1,409 4,738 7,232 8,173 2,514 3,238 1,602 5,767 3,271 4, 437 1,076 1, 536 3,381 6,600 2,014 2,224 2,064 2,115 2,770 820 $185,084 1,785 110,896 205,149 628,180 18,241 38, 397 8,012 13, 751 26, 355 96,096 33,817 22,908 48, 372 115,093 22,101 61,805 37,232 46,398 84, 436 1,635 4,605,034 14,210,110 Amount returned to shareholders in cash Amount of assessment upon shareholders $200,000 75,000 200,000 100,000 100,000 30, 000 50,000 25,000 Amount of claims proved $658,156 154,682 454, 605 1, 420, 415 709, 644 272, 914 Interest Dividividends Finally closed dends (per cent) (per cent) 40 62, 247 60 $352, 751 25,000 50,000 100,000 50,000 60,000 250JJ00 25*000 25,000 75,000 70,000 50,000 50,000 273,095 48, 370 208,294 20,150,000 125, 566,586 175, 937 106, 702 59,003 447, 709 163,356 914 915 916 917 918 919 920 921 922 923 924 925 926 927 <m 929 930 931 932 933 934 935 936 937 938 939 940 941 942 943 944 945 946 947 260 BEPORT OF THE COMPTROLLER OF THE CURRENCY TA<6LE NO* 44.—National banks restored to solvency after having been pfa&ed in charge of receivers Title and location of bank Abington National Bank, Abington, Mass Farley National Bank, Montgomery, Ala. First National Bank, Arkansas City, Kans City National Bank, Brownwood, Tex Citizens National Bank, Spokane Falls, Wash First National Bank, Pbilipsburg, Mont Bozeman National Ban-k, Bozeman, Mont Montana National Bank, Helena, Mont First National Bank, Great Falls, Mont First National Bank, Kankakee, 111 First National Bank, Orlando, Fla _ _ Citizens National Bank, Muncie, Ind First National Bank, Port Angeles, Wash.. State National Bank, Denver, Colo_ American National Bank, Denver, Colo , First National Bank, Sioux City, Iowa> Hampshire County National Bank, Northampton, Mass Seventh National Bank, New York, N Y First National Bank, Austin, Tex _ Bolivar National Bank, Bolivar, Pa _ _. Federal National Bank, Pittsburgh, Pa •_ First National Bank, Allegheny, Pa__ First National Bank, Brooklyn, N. Y Union National Bank, Sommerville, Pa First National Bank, Burnside, Ky___. First-Seeond National Bank, Pittsburgh, Pa Marion National Bank, Marion, Kans First National Bank, Gallatin, Term.. _. American National Bank, Pensacola, Fla _ First National Bank, Islip, N. Y._.._ __ Farmers and Merchants National Bank, Mount Morris, Pa_ Union National Bank, Providence, Ky First National Bank, Perry, Ark____ _ Third National Bank? Fitzgerald, Ga Wharton National Bank, Wharton, Tex First National Bank, Casselton, N. Dak First National Bank, Daytona, Fla _._ First National Bank, Killeen, Tex First National Bank, Streeter, N. Dak State National Bank, Carlsbad, N. Mex Nocona National Bank, Nocona, Tex__ First National Bank, Tombstone, Ariz _ First Rational Bank, Lafayette, Colo First National Bank, Poplar, Mont First National Bank, Lawton, Okla. National Bank of Hastings, Hastings, Okla First National Bank, Mohall, N. Dak First National Bank, Ackerman, Miss Merchants National Bank, Ada, Okla __ First National Bank, Watts, Calif First National Bank, Wetumka, Okla First National Bank, Tower City, N. Dak Milnor National Bank, Milnor, N* Dak First National Bank, Spanish Fork, Utah Citizens National Bank, Jamestown, N. Dak Citizens National Bank, Sisseton. S. Dak Farmers National Bank, Red Oak, Iowa Powell National Bank, Powell, Wyo _ First National Bank, Walhalla, N. Dak__ City National Bank, MeAloster, Okla First National Bank, Volant, Pa Receiver appointed Aug. .,. Oct. 7,1891 June 15,1893 June 20,1893 July 1,1893 July 8,1893 July 23,1893 Aug. 2,1893 Aug. ^1893 do. Aug. 14,1893 do— Got. 5,1893 Aug. 24,1895 July 26,1896 Jan. ?, 1897 May 23,1898 June 27,1901 Aug 3,1901 Oct. 1,1903 Oct. 21,1903 Oct. 22,1903 Oct. 25,1907 Oct. 16,1908 Sept. 17,1909 July 7,1913 Jan. 12,1914 Mar. 25,1914 Sept. 2,1914' Dee. 30,1914 Feb. 4,1915 Feb. 12,1915 May 17,1915 June 3,1915 July 29,1915 Dec. 6,1915 Apr. 16,1917 Nov. 16,1920 Feb. 16,1921 Mar. 19,1921 Mar. 25,1921 Aug. 25,1921 Sept. 16,1921 Nov. 9,1921 Dec. 12,1921 Dec. 22,1921 Jan. 4,1922 Jan. 12,1922 Feb. 20,1922 June 20,1923 Oct. 2,1923 Nov. 7,1923 Nov. 28,1923 Jan. 28,1924 Mar. 21,1924 Mar. 24,1924 Mar. 27,1924 do June 23,1924 June 24,1924 Mar. 7,1925 Total, 61 banks.. Capital stock $150,000 100.000 125,000 150,000 150,000 50,000 50,000 600,000 250,000 50,000 150,000 200,000 50,000 300,000 500, 000 100,000 250,000 500, 000 100, 000 30, 000 2,000, 000 350, 000 300, 00Q 50, 00Q 25,000 3,400, OQQ 25,000 50,000 300, 000 25,000 25, 000 25,000 25, 000 50, 000 30, 000 50,0C0 50,000 50,000 25,000 75, 000 50,000 25,000: 25,000 25, 000 200, 000 25,000 25,000 25. 000 100, 000 50, 000 40, 000 50, 000 30,000 25,000 50,000 50, 000 GO, 000 40,000 25,000 50,000 25,000 11,680,000 NATIONAL BANKS WHICH FAILED SUBSEQUENT TO SOLVENCY Citizens National Bank, Spokane Falls, Wash.1 First National Bank, Port Angeles,1Wash.1 First National Bank, Orlando, Fla. First National Bank, Arkansas City, Kans.1 Ben Hill National Bank, Fitzgerald, Ga.12 State National Bank, Carlsbad, N. Mex.i 1 First National Bank, Mohall, N. Dak. First National Bank, Lawton, Okla.11 First National Bank, Poplar, Mont. Dec. Apr. Nov. Oct. Mar. Aug. Jan. Nov. Dec. 3,1894 26,1895 29,1895 19,1899 6,1916 25.1924 22.1925 18.1922 17.1923 Total, 9 banks.. 1 Second failure. 150,000 - 50, 000 85,000 100,000 50,000 75,000 25, 000 200, OCX) 25, 000 760,000 2 Formerly ''Third National -Bank." REPORT OP THE COMPTROLLEB OP THE CURRENCY 261 TABLES NO. 45.—Dividends paid to creditors of insolvent national banks during the last year, with the total dividends in each case up to November 1,1925 Dividends paid during the year Name and location of bank Date of appointment of receiver First National Bank, Abbeville, Ala Nov. 14,1924 National Bank of Abbeville, Abbeville, B.C. Feb. 7,1925 State National Bank, Albuquerque, N. Mex. Apr. 14,1924 Date Amount Mar. 18,1925 June 16,1925 May 13,1925 June 18,1925 July 8,1925 Aug. 13,1925 Aug. 31,1925 Feb. 4,1925 $106, 517. 68 i 2, 727. 83 194, 617. 57 1 1, 307. 05 39,184. 50 i 235.13 39, 223. 69 408, 625. 72 Apr. 9,1925 July 24,1925 June 23,1924 Jan. 6,1925 Jan. 8,1925 Sept. 15,1925 Nov. 7,1924 Oct. 28,1925 Dec. 5,1922 Jan. 5,1925 Feb. 11,1925 Mar. 14,1925 do Sept. 11,1925 Oct. 27,1925 First National Bank, Baker, Mont. May 20,1924 Mar. 11,1925 Aug. 13,1925 do The National Bank of Barnesville, Ohio_. Nov. 14,1923 Dec. 24,1924 do First National Bank, Basin, Wyo June 14,1924 Aug. 13,1925 Jan; 24,1924 Mar. 21,1925 First National Bank, Beach, N. Dak July 24,1925 Union National Bank, Beloit, Kans Nov. 13,1923 May 21,1925 June 3,1925 July 24,1925 Oct. 23,1925 Farmers National Bank, Big Sandy, Jan. 3,1922 Sept. 30,1925 1 23, 714. 38 i 5, 567. 07 10, 586. 66 82,159. 58 24, 561. 68 i 1, 882. 42 i 3, 315. 65 39,092. 72 19.87 l 881. 02 1 51. 41 45, 729. 67 13,162. 88 i 340. 44 1 8,195. 12 135, 760. 62 27, 706. 16 43, 399.12 i 1, 526. 35 80, 244. 65 1 12, 857. 55 * 1, 589, 45 1 1, 200. 00 5,404. 03 First National Bank, Alexandria, S. Dak.2 First National Bank, Alexandria, Minn__ First National Bank, Alma, Wis _ State National Bank, Ardmore, Okla Mont. American National Bank, Billings, Mont- Sept. 23,1922 Mar. 7,1925 Edwards National Bank, Booker, Tex . . Dec. 12,1921 June 10,1925 First National Bank, Bottineau, N. Dak_. Apr. 12,1923 Jan. 15,1925 Apr. 27,1925 Apr. 28,1925 First National Bank, Bridgewater S. Dak. July 18,1924 Jan. 27,1925 Bristow National Bank, Bristow, Okla... July 21,1924 First National Bank, Bristow, Nebr. Mar. 24,1924 Farmers National Bank, Burlington, Kans May 21,1924 First National Bank, Carlsbad, N. Mex.. Apr. 28,1924 National Bank of Carlsbad, N. Mex First National Bank, Carnegie, Pa Feb. 6,1924 May 12,1925 First National Bank, Carter, Mont_. First National Bank, Center, Tex._. Nov. 9.1923 Dec. 3.1924 Citizens2 National Bank, Centerville, Tenn. Farmers National Bank, Chandler, Okla__ First National Bank, Charlo, Mont Oct. 28,1924 Apr. 10,1925 Feb. 20,1924 Feb. 13,1925 Apr. 10,1925 June 18,1925 July 9,1925 June 5,1925 July 31,1925 Mar. 14,1925 do Nov. 28,1924 Jan. 29,1925 Apr. 6,1925 do July 9,1925 May 28,1925 Aug. 17,1925 Oct. 15, 1925 Aug. 13,1925 ---.:do Sept. 22,1925 Oct. 27,1925 do July 29,1925 July 6,1925 Aug. 5,1925 Sept. 4,1925 Oct. 15,1925 Sept. 10,1925 Oct. 29,1925 Jan. % 1925 Mar. 31, 1925 Apr. 21,1925 Per cent 75 50 10 10 30 70 30 2.4 10 10 10 10 30 35 10 45 15 10 10 10.5 l 1,391. 97 5,796.11 1 63. 76 1 354. 34 37, 840. 70 10 51, 238. 24 25 1 1,064. 04 i 169. 39 31, 482. 20 i 323. 59 3,474. 92 100 1 115. 72 1 132. 76 21,007. 24 15 35, 592. 93 10 1 435. 49 36, 224. 97 10 i 197. 54 i 127. 24 163,107. 87 40 i 1, 630. 88 1 20, 616. 97 78, 215. 99 488, 653. 59 40 1 77, 827. 01 142, 398. 45 10 1 3,109, 28 12, 225. 90 20 56, 204. 56 25 1 1,770.11 1 240. 56 1263.45 139,182,25 66.67 "16""" 38, 381. 37 10,342. 39 i 146. 84 6, 293. 53 Total dividends paid to creditors (per cent) 15 25 15 10.5 10 20 25 40 30 20 40 10 50 20 25 15 1 Represents payments made during the year on additional claims on account of dividends previously declared. 2 See page 266. 262 REPORT OF THE COMPTROLLER OF THE CURRENCY TABLE N O . 45.—Dividends paid to creditors of insolvent national banks during the last year, with the total dividends in each case up to November 1, 1925—Con. Dividends paid during the year Name and location of bank Date of appointment of receiver Date Citizens National Bank, Cheyenne, Wyo July 21,1924 May 22,1925 July 31,1925 Sept. 16,1925 June 3,1925 July 9,1924 First National Bank, Cheyenne, Wyo __. June 30,1925 Sept. 16,1925 First National Bank, Clarkston, Wash... Feb. 12,1924 Apr. 13,1925 June 4,1925 Oct. 27,1925 Aug. 13,1925 Oct. 27,1921 National Bank of Cleburne, Tex Nov. 24.1924 Apr. 2,1923 First National Bank, Clifton, Ariz. Apr. 10,1925 First National Bank in Clovis, N. Mex._ Sept. 4,1924 Sept. 16.1925 Aug. 14,1923 Feb. 24,1925 First National Bank, Colquitt, Ga Nov. 22,1922 Dec. 15,1924 First National Bank, Colusa, Calif Feb. 25,1925 Condon National Bank, Condon, Oreg.. Dec. 18,1923 Feb. 16,1925 Corydon National Bank, Corydon, Ind_. Mar. 8,1922 Jan. 8,1925 First National Bank, Cotton Plant, Ark_. Apr. 7,1922 Sept. 2,1925 July 16,1921 Sept. 26,1925 First National Bank, Crawford, Tex Merchants National Bank, Crookston, Mar. 24,1924 Nov. 13,1924 Nov. 25.1924 Minn. Jan. 2,1925 Jan. 28,1925 Mar. 10.1925 May 19,1925 Citizens National Bank, Crosby, N. Dak. Mar. 21,1923 June 4,1925 Dakota National Bank, Dickinson, Feb. 7,1924 Jan. 14,1925 Oct. 15,1925 N. Dak. do._____ First National Bank, Dodge, Nebr.* Nov. 22,1924 Mar. 19,1925 Drovers National Bank, East St. Louis, May 22,1924 Dec. 5,1924 Feb. 3,1925 111. Second National Bank, Elkton, Md City National Bank, El Paso, Tex Feb. 18,1922 May 8,1924 National Border Bank, El Paso, Tex.* Emmetsburg National Bank, Emmitsburg, Iowa. First National Bank, Eureka, S. Dak Farmers <fe Merchants National Bank, Fairbury, Nebr. Aug. 20,1920 First National Bank, Fairfield, Idaho Aug. 26,1920 Oct. 30,1924 Mar. 11,1921 Mar. 15,1924 First National Bank, Forsyth, Mont First National Bank. Fort Sumner, N. Mex. Dec. 18,1923 Feb. 26,1924 First National Bank, Qering, Nebr First National Bank, Grandfield, Okla do July 21,1923 May 14,1925 May 28,1925 Aug. 27,1925 Apr. 20,1925 May 13,1925 Jan. 28,1925 Feb. 7,1925 Mar. 23,1925 June 16,1925 June 29,1925 Sept. 15,1925 June 20,1925 Mar. 5,1925 June 23,1925 Jan. 29,1925 May 14,1925 Dec. 24,1924 July 7,1925 do Jan. Aug. Oct. Oct. Mar. Feb. Mar. Apr. May June June Aug. Mar. June Mar. July Aug. Jan. Commercial National Bank, Great Falls, Dec. 9,1922 Mont. First National Bank, Grey Eagle, Minn__ Nov. 8,1923 Jan. 27,1925 31,1925 21,1925 23,1925 6,1925 4,1925 16,1925 17,1925 25,1925 18,1925 27,1925 17,1925 5,1925 26,1925 23,1925 27,1925 13,1925 30,1925 6,1925 Feb. 25,1925 Amount Per cent $585,978.82 50 1 16,130. 62 1 73,150. 45 734,465.99 ~25~ 1 33, 288. 43 145,221.12 34,842.10 174.34 115,540.26 43,658.65 Total dividends paid to cred itors (per cent) 50 ' 25~ 20 40 5 10 51,301.09 40 20,976.89 100 i 290.14 48,473.80 10 23,415.01 10 94.604.11 15 11, 787.23 2,745.19 1 260.07 138.50 201,356. 90 15 1 3,058. 77 134,817. 66 16" 11,207.00 28,902.37 20 21,356. 92 15 U,347.54 15,135. 88 10 49.869.12 12.5 154,051.24 35 i 2,649. 54 i 680. 22 89,927.48 20 1632.88 75,541.20 16" i 66.42 330,187.23 "16" 1 28,573.02 i 30, 543.46 i 3,733.25 389,120.32 i 6,669. 92 10 75,481.75 118,181.81 20.75 87,416.51 5 40,055.61 5 40,055.61 25 50,030.32 25 52,679.63 1 215.69 11,443.70 10 40 100 20 10 75 100 2 55 20 25 55 20 60.75 "56""" 50 i 7,270.33 25,094.26 1 61.90 66,014.85 17,817.89 i 587.38 i 180. 21 U1.06 117.53 7,420.44 126.48 31,600.60 11,053.88 1 409. 77 1 66. 69 19,018.10 18,007.57 1124.15 1 367.20 7.7 15 25 37.7 15 35 "16" 13 23 15 10 1 Represents payments made during the year on additional claims on account of dividends previously declared. 263 REPORT OP THE COMPTROLLER OP THE CURRENCY TABLE N O . 45.—Dividends paid to creditors of insolvent national banks during the last year, with the total dividends in each case up to November 1} 1925—Con. Dividends paid during the year Name and location of bank Date of appointment of Date Amount Per cent Merchants National Bank, Grinnell, Iowa. Texas County National Bank, Guymon, Okla. Citizens National Bank, Hankinson, N. Dak. Nov. 12,1924 Oct. 23,1925 Nov. 13,1923 First National Bank, Harlowton, Mont.. Havre National Bank, Havre, Mont Mar. 7,1923 Sept. 16,1921 First National Bank, Hearne, Tex Jan. 21,1921 Apr. 6,1925 July 24,1925 June 10,1925 Sept. 23,1925 do. Jan. 2,1925 Jan. 17,1925 Apr. 13,1925 Nov. 3,1924 Jan. 27,1925 May 17,1925 Mar. 19,1925 do. Oct. 28,1925 Nov. 14,1924 Jan. 24,1925 Mar. 26,1925 June 5,1925 July 29,1925 do. Apr. 2,1925 May 23,1925 June 12,1925 July 31,1925 Oct. 23,1925 July 20,1925 do. June 4,1925 Jan. 29,1925 July 13,1925 Oct. 21,1925 42,444.32 1978.49 40,127. 92 1 1,018.56 20, 572.34 1 64. 78 1 388. 97 1 8, 417. 25 i 69. 76 1 1, 543. 01 8,104. 27 40, 263. 91 i 570. 81 48,185. 09 95,187. 07 i 2, 456. 50 i 821. 59 i 789. 92 1 99. 38 31, 435. 85 27, 778. 57 i 2, 914. 74 1 161. 07 i 524. 68 i 1,125. 45 i 245. 96 9,182. 75 17,172. 97 15, 285. 42 i 254. 21 37, 646. 94 City National Bank, Jerome, Idaho First National Bank, Lake Preston, S. Dak. First National Bank, Lansford, N. Dak.. First National Bank, Lawton, Okla First National Bank, Lidgerwood, N. Dak.2 Northwestern National Bank, Livingston, Mont. Feb. 7,1925 June 26,1925 July 6,1925 Sept. 9,1925 May 24,1923 Jan. 15,1925 Mar. 11,1925 Mar. 28,1924 July 31,1925 1 61. 96 13.99 18, 527. 44 i 32. 05 11, 349. 81 i 69.16 27,497. 96 Dec. 17,1923 Apr. 15,1925 Nov. 18,1922 June 26,1925 June 17,1924 Oct. 7,1925 23,153.92 i 398. 87 24, 325. 98 20 Aug. 30,1924 30 Llano National Bank, Llano, Tex.. First National Bank, Lovington, N. Mex. Traders National Bank, Lowell, Mass Apr. 18,1923 Oct. 8,1923 Oct. 20,1913 First National Bank, Lusk, Wyo Merchants National Bank, Mandan, N. Dak. First National Bank, Manville, Wyo Feb. 7,1924 41, 843. 78 i 665. 23 14,169. 67 i 1,182. 32 i 1,816.43 20, 582. 53 i 236.07 1 6.40 i 319. 69 13,478. 24 i 232. 42 51, 558. 70 Apr. 30,1924 First National Bank, Hemingford, Nebr_- Nov. 10,1923 Farmers National Bank, Hempstead, Tex. Feb. 7,1925 First National Bank, Henryetta, Okla.... July 31,1923 Miners National Bank, Henryetta, Okla.. Dec. 21,1923 First National Bank, Highland, Wis June 14,1923 First National Bank, Highwood, Mont... First National Bank, Hope, N. Mex Dec. 29,1922 Oct. 30,1922 Peoples National Bank, Hot Springs, S. Dak. Farmers & Merchants National Bank, Jefferson, Iowa. Jan. 15,1925 Apr. 27,1923 Dec. 26,1923 Mar. 2,1925 July 7,1925 do. Oct. Feb. Oct. Dec. Jan. May Apr. Oct. Apr. 23,1925 17,1925 23,1925 18.1924 15.1925 28,1925 10,1925 23,1925 9,1925 $105,759.65 10 Total dividends paid to creditors (per cent) 10 25 25 20 10 30 6.5 10 7 20 30 10 14 10 42 45 30 24 10 10 7.5 10 55 7.5 25 10 25 20 45 20 10 4 40 10 20 15 16 10 40 25 10 94 15 15 15 15 8, 512. 74 15 Dec. 24,1925 13.35 Oct. 23,1925 11, 642. 51 35 20 Oct. 28,1925 14, 616. 72 30 10 M a y 18,1921 May 7,1925 First National Bank, Marcus, Iowa 24,1925 25 130,062. 66 First National Bank, Marysville, Kans_. Apr. 15,1924 Jan. i 2, 701. 45 Feb. 25,1925 i 465. 47 Mar. 27,1925 i 86. 07 May 25,1925 79, 989. 44 June 16,1925 15 i 123. 34 Aug. 25,1925 40 6.67 6.67 20, 530. 76 First National Bank, Medina, N. Dak.__ Dec. 20,1920 June 30,1925 1 Represents payments made during the year on additional claims on account of dividends previously declared. 67746°—26f- 18 Dec. 11,1923 2:64 REP0BT OP THE- OOMPTRQIJuBxl OF THE CUBREJSfCY TABLE N O . 45.-—Dividends paid to creditors of insolvent national banks during the last year, with the total dividends in each case up to November i, 1925—Cora. Dividends paid during the year Name and location of bank Commercial National Bank, Miles City, Mont. First National Bank, Minnesota Lake, Minn. First National Bank, Moore, Mont First National Bank, Morgan, Tex Date of appointment of receiver Date Feb. 15,1924 May 2,1925 June 3,1925 Aug. 13,1925 Aug. 6,1924 May 27,1925 Oct. 15,1925 Dec. 20,1923 Jan. 24,1925 Mar. 16,1925 Oct. 23,1925 Nov. 12,1924 Jan. 29,1925 May 14,1925 3,1925 Apr. 19,1911 J Mount Vernon National Bank, Mount Vernon, N. Y. Neoga National Bank, Neoga, I1L_ Jan. 21,1925 Aug. 28,1925 Oct. 23,1925 June 12,1924 Jan. 7,1925 First National Bank, Newcastle, Wyo Feb. 11,1925 May 19,1925 July 13,1925 Jan. 31,1920 Nov. 4, 1924 First National Bank, Newman, Calif Feb. 19,1924 Mar. 13,1925 Nowata National Bank,. Nowata, Okla... Oct. 27,1925 May 13,1922 Mar. 10,1925 First National Bank, Oak Grove, La Aug. 13,1925 Jan. 3,1925 July 30,1925 First National Bank, Oldham, S. Dak.... Sept. 16,1925 Oct. 5,1923 June 30,1925 First National Bank, Oswego, Mont Parkesburg National Bank, Parkesburg, Dec. 26,1924 May 19, 1925 June 23,1925 Pa. Aug. 6,1925 Oct. 23.1925 Farmers National Bank, Parsons, Kans._ Mar. 24,1924 Dec. 18.1924 Feb. 9,1925 Apr. 6,1925 May 15.1925 June 17,1925 Sept. 3,1925 Payette National Bank, Payette, Idaho.. Dec. 13,1922 Jam. 14,1925 Bannock National Bank, Pocatello, Idaho. June 11,1921 Jan. 7,1925 Jan. 16,1925 Oct. 27,1925 First National Bank, Poteau, Okla June 19,1924 May 7,1925 June 11,1925 July 24,1925 First National Bank, Putnam, Conn Aug. 13,1924 Jan. 16,1925 Apr. 29,1925 Apr. 30,1925 June 10,1925 Aug. 31,1925 Sept. 4,1925 Oct. 15,1925 First National Bank, Quiney, Fla Feb. 11,1925 Aug. 13,1925 Aug. 23,1925 Commonwealth National Bank, Reed- Feb. 16,1921 Feb. 7,1925 yille, Va. Feb. 14,1925 Aug. 20,1925 First National Bank, Renville, Minn Sept. 15,1925 Oct. 5,1925 3,1924 7,1925 Feb. 25, 1925 June 26,1925 Oct. 2? 1925 July 30,1925 Mar. 7,1925 Apr. 23,1925 Oct. 27,1925 Jan. 3,1925 Jan. 29,1925 Feb. 4,1925 Mar. 26,1925 do May 7,1925 Nov. 29,1924 May 8,1925 Sept. 4,1925 First National Bank, Bock River, Wyo. June 14,1923 Nov. First National Bank, Rocky Ford, Colo. Apr. 5,1924 Jan. First National Bank, Ronan, Mont First National Bank, Roundup, Mont Feb. 9,1924 Apr. 5,1923 First National Bank, St. John, Wash Feb. 7,1924 Peoples' National Bank, Salisbury, N. C. July 3,1923 National City Bank, Salt Lake City, Feb. 3,1922 Utah. First National Bank, Sapulpa, Okla July 30,1923 Amount Per cent $126, 432.14 i 4, 726. 56 11% 504.32 193,135. 59 i 1,588, 91 15,360.56 i 4,184. 74 1 141. 96 7,772. 71 1 1,5Q3.41 8,834.13 10 10 60 "16" 60 20 2& 58.85 15, 990. 54 1 894.13 70, 258. 25 i 7,920. 71 11,098. 70 ii,. 688. or i 9. 20 31, 360. 90 10 i 6, 305. 94 8, 214. 45 ~20~ i 382. 05 52,876.15 ~25~ i 3,148. 45 10, 501. 06 15 169, 865. 56 50 i 846. 76 i 828. 77 1 209. 82 213,076. 70 80 18,367.14 i 359. 30 1 76. 88 27, 735. 08 i 72. 94 t 1,174.. 24 1 80. 72 i 39,187. 64 165. 32 21,049. 26 10 i 787.08 i 369. 84 656, 849.44 40 114,173.28= 232,358.13 "IB" i 445.12 i 23, 576. 68 i 6, 051. 83 1 2,094. 49 65, 719. 21 25 i 3, 520.17 38,493. 48 ~22~ 127,976. 85 i 175.15 i 140. 00 1 569. 79 97,910. 13 i 2,120. 45 i 240. 05 1 1, 806. 31 12, 396. 44 46, 784. 46 i 1,116. 30 1 1, 812. 21 32,359. 74 i 1,935.20 80, 356. 51 158. 371. 99 'i 50. 22 110. 04 i 83L 01 11 127. 83 58. 91 Total dividends paid to creditors (per cent) 15 10 ~20~ 25 15 50 20- I© 55 25 8a 67 35 35 10 45 10 15 10 20 8 20 10 10 30 60 1 Represents payments made during the vcar on additional claims on account of dividends- previously s declared. 265 REPORT OP THE COMPTROLLER OF THE CURRENCY TABLE NO. 45.—Dividends paid to creditors of insolvent national banks during the last year, with the total dividends in each case up to November lf 1925—Con. Dividends paid during the year Date of appointment of receiver Name and location of bank Date Jan. 3,1925 July 7,1925 Sept. 9,1925 Dec. 21,1923 Feb. 21,1925 May 9,1925 June 11,1925 Aug. 31, 1&25 First National Bank, Sebuyler, Nebr May 24,1924 Feb. 7,1925 July 7,1925 Corn Belt National Bank, Scotland, Mar. 28,1921 May 15,1925 S. Dak. The National Bank of Commerce in May 20,1924 Feb. 2,1925 Shawnee, Okla. Jan. 17,1925 May 7,1925 Jun© 3, 1925 Jan. 3,1925 Aug. 27,1923 First National Bank, Shelby, Mont Apr. 20,1925 Feb. 13,1925 June 18,1925 First National Bank, Shelley, Idaho July 30,1925 First National Bank, Sidney, Nebr May 27,1921 Jan. 24,1925 Silver City National Bank, Silver City, May 14,1924 Apr. 1,1925 N. Mex.2 Sioux Falls National Bank, Sioux Falls, Jan. 24,1924 Nov. 21,1925 F e b . 25,1925 S. Dak. First National Bank, Savoy, Mont First National Bank, Schulter, Okla First National Bank, Soper, Okla Nov. 22,1923 First National Bank, Spring Hope, N. C_ Jan. First National Bank, Sterling, Colo. 7,1925 Apr. 6,1924 Logan County National Bank, Sterling, Colo. First National Bank, Torrington, Wyo--First National Bank, Turtle Lake, N. Dak. First National Bank, Uniontown, Pa First National Bank, Warroad, Minn Jan. 26,1925 Dec. 6,1924 Nov. 21,1923 Jan. 19,1915 Feb. 9,1924 First National Bank, Webster, S. Dak First National Bank, Wells, Minn Jan. 2,1924 Wells National Bank, Wells, Minn Feb. 26,1924 Oct. 22,1923 Jan. 5,1922 First National Bank, Wendell, Idaho Commercial National Bank, Wilmington, Jan. 31,1923 N.C. I Citizens National Bank, Worthington, June 19,1924 Minn. Total dividends paid by comptroller's checks Apr. 4, 1925 J u n e 18,1925 .do July 27,1925 Aug. 28,1925 Jan. 20,19.25 Feb. 2,1925 Mar. 26,1925 July 30,1925 Sept. 5,1925 Sept. 19, 1925 Sept. 30,1925 Nov. 24.1924 Jan. 5,1925 Jan. 6,1925 Apr. 21.1925 Sept. 17,1925 Oct. 2,1925 Aug. 13,1925 Aug. 27,1925 Apr. 1,1925 July 27,1925 Sept. 5,1925 Feb. 3,1925 Apr. 13,1925 May 25,1925 Jan. 3,1925 Apr. 24.1925 June 2, 1925 Oct. 24,1925 Dec. 10, 1924 Feb. 12,1925 Apr. 20, 1925 July 24,1925 Sept. 25, 1925 Oct. 23, 1925 Mar. 7,1925 Jan. 3,1925 Jan. 9,1925 Feb. 3,1925 Mar. 2,1925 Apr. 14,1925 Mar. 23,1925 May 25,1925 Sept. 17, 1925 Amount Per cent $6,148.11 1 85. 67 3, 831. 42 * 441. 80 i 12. 57 U30.05 124,194. 87 * 196. &7 l 450. 00 100 68,275. 24 i 443. 81 i 1, 842. 43 105, 844.11 20, 353. 43 * 961. 34 11, 785. 55 * 501.17 i 113. 74 43, 262. 55 10 * 16,216.80 1 2,023. 94 182, 228.13 1 776.83 1 517. 89 i 290. 34 1 6, 271.42 l 467. 47 1 13. 62 l 228.61 72,132.38 113.50 1 5,716.91 I 6,074. 03 77,022. 81 i 6, 365. 31 i 886, 83 i 604. 98 1 217. 35 66, 759. 99 82, 812. 48 70,492. 83 16, 735. 93 1.50 1 518. 96 15,950. 06 i 92. 14 16, 042.19 36, 716, 52 i 165. 89 88, 778. 43 i 3,699. 29 148,089. 92 i 3, 337. 22 i 1, 357. 90 i 540. 34 1 737. 25 i 87. 39 12, 418. Q7 i 7, 553. 84 1 51. 40 1 2,927. 28 i 149. 68 1 12. 73 40, 852. 05 1 2, 333. 42 i 464. 05 39, 269. 90 Total dividends paid to creditors (per cent) 100 10 10 25 25 15 15 10 25 30 10 6.35 10 43.25 10 30 SO 10 10 20 20 20 35 10 ! 35 10 116.12 10 15 20 16 15 15 10 10 10 11, 971, 714. 33 1 Represents payments made during the year on additional claims on account of dividends previously declared. 266 • REPORT OF THE COMPTROLLER OF THE CURRENCY TABLE N O . 45.—Dividends paid to creditors of insolvent national banks during the last year, with the total dividends in each case up to November 1,1925—Con. Amount 2 Dividends paid by purchasing banks to creditors of insolvent national banks, assets of which were sold by order of court: First National Bank, Alexandria, S. Dak Citizens National Bank, Centerville, Tenn First National Bank, Dodge, Nebr. National Border Bank, El Paso, Tex._ First National Bank, Lidgerwood, N . Dak Silver City National Bank, Silver City, N . Mex First National Bank, Florence, S. C $346,179.18 39,445. 46 406,808.05 1,060,633. 35 304, 076. 71 297,441. 79 646, 758.18 Total dividends paid to creditors (per cent) Per cent 25.83 87.5 65 50 43.65 60 82.45 92.49 100 75 54 50 60 3,101,342.72 Total dividends paid by comptroller's checks and purchasing banks. 15,073, 057.05 TABLE 46.—Dates of reports of condition of national banks from 1914 t° 1925 Year 1914 1915 1916 1917 1918 1919 1920 1921 1922 1923 1924 1925 Jan. Feb. 4 4 7 5 4 4 13 . _ Mar. Apr. May 28 21 June July Aug. Sept. Oct. Nov. Dec. 30 1 1 1 10 12 4 28 10 23 30 20 29 30 30 30 5 3 30 30 6 30 30 31 12 2 12 11 31 31 12 8 6 15 14 31 27 31 31 31 29 31 10 28 31 10 17 20 1 17 15 29 31 31 31 TABLE N O . 47.—Condition of foreign branches of National City Bank and Chase National Bank, New York, N. Y., and First National Bank, Boston, Mass., June 30, 1925 RESOURCES [In thousands of dollars] Country and city Loans and Letters discounts, including of credit and overdrafts and re- acceptances discounts Furniture Bonds and fixtures Due from Due from and home office branches real estate owned Due from other banks Checks and cash items Other assets Aggregate Cash g NATIONAL CITY BANK OF NEW YORK, N. Y. Cuba: Bavama Caibarien Camaguey Cardenas Ciego de Avila Cienfuegos * Cuatro Caminos Florida Guantanamo Habana Habana (Galiano St.) Habana (La Lonja) Manzanillo Miantanzas Neuvitas Pinar del Rio Remedios Sacua La Grande Sancti Spiritus Santa Clara Santiago de Cuba Vertientes Yaquajay _Brazil: Pernambuco (Recife) Rio de Janeiro _ Sao Paulo Argentina: Buenos Aires Rosario Belgium: Antwerp Brussels 269 734 472 384 598 750 954 1 853 312 32 828 1,249 374 261 650 250 230 88 582 758 542 2,106 8 483 92 674 1,055 575 781 476 44 387 248 164 771 894 6 341 23 3,265 17, 783 13, 272 577 63 2,046 45 5,787 306 727 1 856 90 52 6 36,886 5,489 249 298 240 9 6 19 15 10 17 4,750 5,282 229 279 217 11 714 4 1 1 4 5 12 72 87 776 2,384 12,163 9,887 52 154 26,816 4,978 25 1,706 2,407 1,531 597 1,816 535 986 1,613 315 7 16 2 1 69 29 5,466 833 39 1,421 86 41 370 712 157 138 238 142 202 122 2,263 176 65 154 110 57 115 60 93 186 226 703 38 63 53 1,073 1,036 6,507 24 81 80 127 33 09 166 11 89 2,412 29 68 46 * 28 24 37 8 93 183 16 5 181 87 667 3 27 2 27 1 7 10 114 343 1,391 1,266 856 781 2, 334 2,301 2, 269 592 47,136 6,900 1,300 483 832 356 605 456 948 968 936 3,195 109 853 176 329 J 3 1 2 3 3 203 295 6 1 2 2 1 3 4 3 14 o o g H W O w o ft Q fcO TABLE N O . 47.—Condition of foreign branches of National City Bank and Chase National Bank, New York, N. F., and First National Bank, Boston, Mass., June 30, 1925—Continued RESOURCES—Continued [In thousands of dollars] Loans and discounts, Letters including of credit overdrafts and and re- acceptances discounts Country and city Bonds Furniture and fixtures Due from Due from and home office branches real estate owned Due from other banks 874 67 56 170 396 195 30 100 46 6 20 12,777 7,008 23 8 36 6,329 4,664 37 81,060 3 6,235 17 5,241 7 9,548 N 4,262 301,0C1 Checks and cash items Other assets Aggregate Cash NATIONAL CITY BANK OF NEW YORK, N. Y.— Chile: continued N SantiagoValparaiso _ . Italy: Genoa- _ Milan England: London Peru: Lima Porto Rico: * San Juan. _ _ Uruguay: Montevideo. Venezuela: Caracas _ Total 12,128 5,586 111 2,770 2,038 579 443 1,474 919 200 826 290 52 983 344 2 2 51,956 12,342 4,100 299 4,544 7,692 39 3,936 32 131 971 8 198 221 2,224 14 2,261 204 1 205 198 4,801 30 195,184 16,856 39 24,041 1,775 51 735 117 217 648 39 801 5,385 27 19,297 358 20,409 86 5,863 525 11,089 12 1,162 1,028 2,958 213 109 110 15 60 153 332 400 1,732 4,821 861 213 288 507 223 3,986 298 1,346 400 15,301 13, 607 945 554 3,588 2,384 4 248 CHASE NATIONAL BANK OF NEW YORK, N. Y. Canal Zone: Cristobal Panama Cuba: Habana.Total . . _ 411 745 _ 16 3 300 8,748 7,017 59 8,173 59 3 316 43,827 134 6,852 140 3, 583 473 17 90 197 491 2 4,853 47, 410 607 6,852 157 13, 697 1,142 1,045 2 70, 912 FIRST NATIONAL BANK OF BOSTON, MASS. Argentina: Buehos Aires. _ Cuba: Habana.. 1 Total 66,059 00 TABLE NO. 47,—Condition of foreign branches of National City Bank and Chase National Bank, New York, N. Y,, and First National Bank, Boston, Mass., June SO, 1925—*'Continued LIABILITIES [In thousands of dollars] Profits, including Country a.nd city Capital amount reserved for taxes and interest accrued Due to home offioe Due to branches DUG to other banks Individual deposits Rediscounts Letters of credit and acceptances executed by reporting bank Acceptances executed by other banks Other liabilities NATIONAL CITY BANK OF NEW YQBK, N. Y. Cuba: Bayama __ Caibarien. Camaguey Cardenas _ __ CiegodeAvila Cienfuegos Cuatro Caminos Florida _ Guantanamo Habana. , Habana (Galiano St.) Habana (La Lonja) Manzanillo Matanzas Neuvitas Pinar del Rio Remedios Sagua La Grande Sancti Spiritus Santa Clara Santiago de Cuba Vertientes Yaguajay__ Brazil: Pernambuco (Recife) Rio de Janeiro Sao Paulo.. ,„.„ Argentina: Buenos Aires. _ Rosario Belgium: Antwerp Brussels . __ 1 __ . _ _ _ 1,000 I 25 2 1 1 1 61 2 1,709 3,497 1 1 1 1 1 1 140 3 1,000 960 238 • ___ 7,815 37 20 x 1 ,_ 723 149 624 967 733 712 2 161 2,229 504 503 20,117 6,866 1 256 432 678 292 559 433 876 798 910 2,948 103 126 182 256 240 1 , 10 104 53 120 33 79 53 55 8J 6, 554 11 13 49 109 43 44 19 58 26 25 75 6 4 I 223 60 1 170 2 1 10 90 13 5,758 1 2,267 18 29 13 1 3 1 2 5 18 49 3 2 1 7 1 3 n 2 3 107 2 7 15 31 26 190 675 1,042 134 347 L912 . 112 1,147 991 1 969 6 786 .4,033 263 3 451 1,739 274 12 6,331 286 6,849 1,333 4,897 404 9,788 3 184 3 921 125 8 3,741 24 23 39 615 281 189 556 94 1,110 1,202 1,225 1, 075 2 1 , 453 1 538 608 14 10 2 96 144 76 575 4,250 3,309 TABLE N O . 47.—Condition of foreign branches of National City Bank and Chase National Bank, New York N. Y.} and First National Bankt Boston, Mass., June 80, .1925—Continued LIABILITIES [In thousands of dollars] Country and city Capital NATIONAL CITY BANK OF NEW YORK, N. Y.—COntd. Chile: Santiago.. Valparaiso Italy: Genoa Milan England: London Teru: Lima Porto Rico: San Juan Uruguay: Montevideo Venezuela: Caracas Total Profits, including amount reserved for taxes and interest accrued Due to home office Due to branches Individual deposits Rediscounts Letters of credit and acceptances executed by reporting bank Acceptances executed b y other banks Other liabilities 581 10 23 3,082 15 651 146 1,765 129 2,742 1,116 2,473 1,591 48 24 2,006 3,383 27 8 507 413 1,305 1,341 2,398 1,000 1,217 408 2 262 197 582 446 31 24 218 19,154 1,141 22, 612 16,201 12,445 11 9 210 2,305 490 50 _ 820 2 10 . __ Due to other banks 469 52 4,546 6,068 1J03 40,643 8,339 722 14,604 558 756 1,618 19 21 538 451 3,258 113,855 161 221 28, 537 411 31, 551 39,486 19,141 22 114 411 1, 583 4,359 151 4,801 68 4 676 10, 743 68 15 17 194 48 2,430 1,024 190 18 827 3 301 20,376 59 59 87 62 CHASE NATIONAL BANK OF NEW YORK, N. Y. Canal Zone: Cristobal Panama _Cuba: Habana Total 13 40 _ :._.. 11 24 3, 554 77 3, 554 353 12,208 17,122 22,849 .. 2 12,926 281 258 14 1,387 126 2,821 11 29 456 367 13, 595 17, 248 25, 670 12, 937 310 723 22 87 FIRST NATIONAL BANK OF BOSTON, MASS. Argentina: Buenos Aires Cuba: Habana Total -- i Includes $15,000 United States deposits. 2 Includes bills payable. 62 -a o REPORT OF THE COMPTBOLLER OF THE CURRENCY 271 TABLE NO. 48.-—Number, capital stock paid in, circulation outstanding, and aggregate assets of national banks at date of each report from January 18, 1914, to September 28, 1925, together with the total amount of money in the United States on June 80 of each year, and the percentage of national-bank circulation to capital, to assets, and to money in the country [For prior years see annual report 1920] [Amounts in millions of dollars] Percentage of circulation to— Date Number of banks Paid-in capital 1914 Circulation Aggregate assets Capital Money in United States 68.4 67.9 68.1 86.6 95.6 79.6 6.4 6.3 6.3 8.0 8.8 7.4 19.3 3, 989. 5 69.9 68.2 67.6 67.2 66.8 6.4 6.1 6.1 5.8 5.4 5.3 18.1 4, 482. 9 65.2 63.9 63.4 63.1 62.1 62.2 5.0 4.8 4.9 4.7 4.3 4.3 15.1 5, 408. 0 61.6 60.8 61.0 61.0 61.3 61.7 4.1 4.0 4.1 4.0 3.6 3.6 12.2 6, 741.0 61.4 62.0 62.0 61.2 61.0 61.0 3.6 3.6 3.7 3.6 3.3 3.3 10.1 7, 518. 8 60.9 60.9 60.5 59.9 59.0 59.2 3.3 3.2 3.2 3.1 2.9 2.9 9.0 7, 894. 5 697.9 693.9 22, 959. 0 23, 252. 9 23, 411. 3 23,175. 8 23, 535.1 22, 799. 4 58.2 56.7 56.2 55.5 55.0 54. 5 3.0 3.0 2.9 3.0 3.0 3.0 2 4 9 2 4 684.4 679.6 704.1 704.7 717.5 21, 451, 7 20, 560. 3 20, 517. 9 19, 719. 2 19, 943. 7 8, 096. 0 53.8 53.5 55.3 55.2 55.9 3.2 3.3 3.4 3.6 3.6 8.7 1, 289. 5 1,296.2 1, 307. 2 1, 307.1 1, 317. 0 719.6 721.0 725.7 726.8 723.8 19, 850. 4 20,176. 6 20, 706. 0 20, 926.1 21,975.0 8,177. 5 55.8 55.6 55.5 55.6 55.0 3.6 3.6 3.5 3.5 3.3 8.9 7,493 7,493 7,525 7,538 7,571 7,581 1,057. 6 1, 056. 4 1,058.1 1,060. 3 1,063.1 1,065. 9 725.3 720.6 722.5 918.2 1,018.1 11, 296. 3 11, 564. 5 11,482.2 11,483. 5 11, 492. 4 11, 357. 0 1915 Mar. 4. M a y 1..June 23.. Sept. 2 . . Nov. 10. Dec. 31__ 7,599 7,604 7,605 7,613 7,617 7,607 1,066. 5 1,065. 8 1,068. 5 1,068.8 1,068. 6 1, 068. 0 746. 5 727.7 722.7 718.4 713.4 713.3 11, 566. 8 11, 842. 3 11, 795. 6 12, 267.0 13, 236. 3 13, 467. 8 1916 Mar. 7. M a y l._. June 30.. Sewt. 12. Nov. 17. Dec. 27.. 7,586 7,578 7,579 7,589 7, 584 7,584 1,067. 2 1,067. 4 1,066.0 1,067. 5 1,071.1 1, 070. 8 695.8 682.2 676.1 674.1 665. 2 666. 4 13,838. 6 14,195. 5 13,926. 8 14,464. 9 15, 568. 8 15, 388. 2 1917 Mar. 5. May 1 - . June 2 0 Sept. 11. N o v . 20. Dec. 3 1 . . 7,581 7, 589 7,605 7,638 7,656 7,662 1,073. 9 1,079. 7 1,082. 8 1,090. 3 1, 092. 2 1, 092. 6 661.1 656.1 660.4 665.6 669.7 674.3 16,028. 2 16, 202. 4 16, 290. 4 16, 712. 9 18, 800. 4 18, 548. 7 M a r . 4_ M a y 10. June 29.. Aug. 3 1 . Nov. 1 . . Dec. 31.. 7,670 7,688 7,705 7,728 7,754 7,767 1,094. 3 1,096. 9 1,098. 5 1,101. 9 1,107. 8 1,109. 7 672.2 680.4 681.6 674.2 675.7 676.8 18, 436. 4 18, 719.1 18, 354. 918, 646. 7 20, 450. 6 20, 544. 2 1919 Mar. 4. M a y 12.. J u n e 30.. Sept. 12. N o v . 17.. Dec. 3 1 . . 7,761 7,773 7,785 7,821 7,865 7,890 1,106. 6 1,111.5 1,118. 6 1,138. 0 1,153. 8 1,158, 3 673.9 676.9 677.2 681.6 680.9 685.8 20, 406. 7 21,173. 2 21, 234. 9 22,056. 3 23,125. 5 23, 684.9 1920 Feb. 28.. M a y 4__ June 30. _ Sept. 8 . . N o v . 15. Dec. 29.. 7,933 7,990 8,030 8,093 8,123 8,130 1,182.1 1, 214. 8 1, 224. 2 1, 248. 3 1, 269. 9 1, 272. 3 687.6 688.5 688.2 Feb. 21. Apr. 28.. June 30.. Sept. 6 . . Dec. 31.. 8,143 8,152 8,154 8,155 8,169 1, 1, 1, 1, 1, 1922 Mar. 10. May 5 - . June 3 0 Sept. 15. Dec. 29.. 8,197 8,230 8,249 8,240 8,225 1921 Assets 3, 738. 3 Jan. 13. Mar. 4. June 30.. Sept. 12. Oct. 3 1 . . Dec. 31_. 1918 Money in United States 273. 271. 273. 276. 282. 8.7 272 EEPORT OE THE COMPTKOLLEB, OF THE CUBRENCY TABLE NO. 48.—Number, capital stock paid iny circulation outstanding, and aggregate assets of national banks at date of each report from January 13, 1914, to September 28, 19251 together with the total amount of money in the United States on June SO of each year, and the percentage of national-bank circulation to capital, to assets, and to money in the country—Continued [For prior years see annual report 1920] [Amounts in millions of dollars] Percentage of circulation t o Date Apr. 3 June 30 Sept. 14 Dec. 31 Mar. 31 June 30 Oct. 10. Dec. 31 Apr. 6 June 30 Sept. 28 1924 1925 Number of banks Paid-in capital Aggregate assets Circulation Money in United States Capital Assets Money in United States 8,229 8,241 8,239 8,184 1,319.1 1,328. 9 1, 332. 4 1, 325. 8 728.1 720.0 731.5 725.9 21, 612. 7 21, 511. 8 21, 712. 9 22, 406.1 8,603.7 55.2 54 2 54.9 54.8 3.4 3.3 3.4 3.2 8.4 8,115 8,085 8,074 8,049 1, 335. 6 1, 334. 0 1,332. 5 1,334.8 726. 5 729.7 723.5 714.8 22,062. 9 22, 565.9 23,323.1 24,381. 2 8,746. 5 54.4 54.7 54.3 53.6 3.3 3.2 3.1 2.9 8.3 8,016 8,072 8,085 1,361.4 1,369.4 1,375.0 649.4 648.4 649.2 23, 832.4 24, 350. 8 24, 569. 5 8, 221. 2 47.7 47.3 47.2 2.7 2.7 2.6 7.9 TABLE NO. 49.—Abstract of the resources and liabilities of national banks in New York, in the two central reserve cities, in other reserve cities, and elsewhere at close of business September 28, 1925 [In thousands of dollars] New York (32 banks)i New York Other and reserve city Chicago banks (47 banks) (366 banks) Country banks (7,672 banks) RESOURCES Loans and discounts (including rediscounts) Overdrafts Customer'sliability account of acceptances. United States Government securities owned Other bonds, stocks, securities, etc Banking house, furniture, and fixtures Other real estate owned— Lawfulreserve with Federal reserve banks Items with Federal reserve banks in process of collection. _ Cash in vault™ Amount due from national banks Amount due from State banks, bankers, and trust companies in the United States. Exchanges for clearing houses Checks on other banks in the same place-. Outside checks and other cash items Redemption fund and due from United States Treasurer. Other assets _ Total-. % 195,431 573 123, 595 2,825,393 695 130,024 4,168,509 2,833 64,217 6,140,559 11,372 6,842 13,134,461 14,900 201,083 764,041 723,137 188,421 20,499 422,027 I,179,375 2,066,806 346,433 93,805 477,327 2, 512,025 3,242, 620 593,176 114,677 290,721 88,662 355,218 71,585 235,241 456,668 362,341 1,120,925 5,191 37,821 564, 736 25,979 7,373 207,650 142,045 11,164 27,258 148,398 27,035 21,183 19,463 733,816 58,326 54,094 1,450 125,036 1,497 147,254 7,354 51,347 24,025 20,745 32,876 219,346 4,431, 255 5,445, 542 7,535,1G3 11,588,882 24, 569,527 511,657 41,756 214 338,069 75,230 27,859 14,290 16, 561 526, 569 24,429 452,677 373 424,972 94,360 38,438 67,019 i Figures in this column included with New York and Chicago in the next column. REPORT OF THE COMPTROLLER OF THE CURRENCY 273 TABLE N O . 49.—Abstract of the resources and liabilities of national banks in New York, in the two central reserve cities, in other reserve cities, and elsewhere at close of business September 28, 1925—Continued [In thousands of dollars] New York (32 banks) New York I Other and reserve city Chicago (47 banks) (366 banks) Country banks (7,672 banks) Aggregate (8,085 banks) LIABILITIES Capital stock paid in Surplus fund Undivided profits less expenses and taxes paid Reserved for taxes, interest, etc., accrued.. National-bank notes outstanding _. Amount due to Federal reserve banks Amount due to national banks Amount due to State banks, bankers, and trust companies in the United States and foreign countries Certified cheeks outstanding C ashiers' checks outstanding _ Demand deposits * ,„ Time deposits „__ United States deposits United States Government securities borrowed . Bonds and securities other than United States borrowed _ _. Agreements to repurchase United States Government or other securities sold Bills payable, including all obligations representing money borrowed other than rediscounts Notes and bills rediscounted Letters of credit and travelers' checks sold for cash and outstanding Acceptances executed for customers and to furnish dollar exchange less those purchased or discounted Acceptances executed by other banks. Other liabilities Total- 182,850 239,675 233,800 273, 730 397,932 306. 715 743, 277 545,050 1,375.009 1,125,495 113,802 18, 307 28, 570 131,678 22, 417 29,505 289,399 397,814 142,041 24,840 145,176 7,121 552,373 269, 845 22, 535 474, 540 24, 699 118,233 543, 564 69, 792 649, 221 31,820 1,068,420 510, 729 211. 293 108', 509 2,024,512 318,576 37,158 670, 744 218, 639 116, 475 2, 548,059 385,142 39,963 808,277 17, 218 54, 844 3,330, 316 1,390,056 88,431 287, 687 15, 648 43, 275 4, 549,169 4. 219,176 2,910 11, 654 1,535 745 46,703 9,915 3,231 1, 766, 708 251, 505 214, 594 10, 427, 544 5,994,374 175,097 24,479 3,976 150 150 1,485 117,650 71,680 82,419 82,787 2,552 109,118 85,123 316, 627 245,537 3,570 125,090 77,627 6,260 253 9,065 114,233 19,449 21, 608 121,196 21,114 23,229 64,767 6,137 17,237 5,910 1,291 11,762 191.873 28,542 52, 228 4,431, 255 5,445, 542 7,535,103 11, 588, 882 24, 559,527 2,442 4,057 TABLE NO. 50.—Classification of loans by national banks in the central reserve cities (New York, Chicago, and St. Louis) and other reserve cities together with country banks, at date of midsummer report for past six years JUNE 30, 1920 [In thousands of dollars] On time On demand Paper with Num- one or more ber of individual Secured b y banks or firm stocks and names (not bonds secured by collateral) New York Chicago St. Louis Other reserve city banks Country banks. Total _ Secured by other per- Paper with sonal securi- one or more ties, includ- individual ing meror firm chandise, names (not warehouse secured by receipts, collateral) etc. Secured by stocks and bonds Secured by real estate Secured by mortgages improved or other real estate Secured by liens on under other personal securi- realty not authority ties, includ- in accord- of sec. 24, ance with Federal ing merchandise, sec. 24, Fed- reserve act, as warehouse eral reserve act, as amended receipts, amended etc. 31 9 5 373 7,612 33,036 34,298 14, 681 195, 850 429,364 355,335 86,926 23,481 411, 073 385,169 88, 864 53, 966 9,202 132, 568 107, 677 1,590, 502 388, 423 103, 020 2, 260,187 3, 262, 839 429,796 90, 633 36,879 647, 323 651, 275 188,164 73,192 22, 697 429, 446 676, 623 1,871 605 151 17, 805 73, 495 8,030 707, 229 1, 261,984 392, 277 7, 604,971 1, 855, 906 1, 390,122 93,927 g Acceptances of Acceptreporting ances of banks other banks discounted purchased or discounted Total W p 10, 569 123,121 50,748 1,573 897 58, 902 34, 718 5,928 432 190 7,223 8,487 2, 744, 244 732, 260 211,198 4,170, 946 5, 752, 768 135,902 146, 838 22,280 13, 611, 416 2,212 5 o .w B a TABLE NO. 50.—Classification of loans by national banks in the central reserve cities (New York, Chicago, and St. Louis) and other reserve cities together with country banks, at date of midsummer report for past six years—Continued JUNE 30, 1921 [In thousands of dollars] On time On demand Paper with one or more Number of individ- Secured ual or banks b y stocks firm and names bonds (not secured by collateral) New York Chicago St Louis Other reserve city banks Country banks Total Secured by improved real estate under authority of sec. 24, Federal reserve act, as amended Secured > Secured by other Paper by other personal with personal securione or securities, ties, inmore Secured including cluding individual by stocks merchanmeror firm a n d dise, channames bonds waredise, (not seFarm house ware- cured by receipts, lands house collateral) etc. receipts, etc. 30 11 5 66,549 31, 959 13,070 311,049 82,617 18,938 108,017 48,591 7,132 1, 222,380 311, 301 73, 982 287,420 77,100 26, 072 176, 955 78, 606 17, 718 374 7,734 179, 771 388, 355 363, 719 374, 791 89, 688 88, 966 1, 886, 252 3,070, 529 541, 201 616, 260 394, 290 652, 754 4,939 88,103 8,154 679, 704 1,151,114 342, 394 6, 564, 444 1, 548, 053 1, 320, 323 93, 042 Secured by real estate mortgages or other liens on realty not in accordance with sec. 24, Federal reserve act, as amended For debts previously contracted (sec. Other real .estate Acceptances of reporting banks purchased or discounted 20,732 393 924 3,736 2,084 1,143 4,008 25 1,832 2, 202, 265 633,156 160, 925 3,162 152 3, 523,178 5, 484,991 All other real estate loans 5137, U. S. R. S.) Farm lands Other real estate Farm lands Customer's liability on account of drafts paid under letters of credit Acceptances of other banks discounted Total Other real estate 451 139 60 561 341 54 7,873 52,151 5, 614 54, 631 13, 529 31, 210 539 5,360 4,888 7,555 22, 791 49, 630 4,922 4,544 60, 024 60, 895 45, 695 5,899 14, 682 94, 470 16,429 7,347 12, 004, 515 966 251 61 793 121 207 83 2,120 41, 024 730 1,036 25, 856 337 481 1,248 38 14 2,062, 213 531, 599 161, 253 1,706 117 3, 222,921 5, 270, 228 407 J U N E 30, 1922 New York Chicago St. Louis Other reserve city banks Country banks Total 31 9 9 52, 635 42, 764 12, 736 488,014 92, 570 26, 375 58, 230 33, 544 6,702 929, 342 242, 614 66,400 368, 111 63, 851 29,321 95,994 54, 779 15, 717 373 7,827 169, 824 379, 339 438, 640 362, 770 93, 032 79, 075 1, 660, 593 2, 919, 258 461,143 576, 666 322,168 623, 776 5, 477 96. 318 10, 835 76,200 10, 581 89,875 16, 944 42,129 625 5,814 2,800 9,091 25, 056 8,060 3,497 1,740 657, 298 1, 408, 369 270, 583 5,818, 207 1, 499, 092 1,112,434 101, 795 87, 035 100, 784 60, 351 6,522 14, 804 75, 906 31,911 __ 8,249 3,123 11, 248, 214 TABLE NO. 50.—^Classification of loans by national banks in the central reserve cities {New York, Chicago, and St. Louis' and other reserve cities together with country banks, at date of midsummer report for past six years—Continued JUNE 30, 1923 [In thousands of dollars] On demand Paper with one or more Num- individSecured ber of ual or by stocks banks firm and names bonds (not secured by collateral) New York.. Chicago ._ Other reserve city banks. . Country banks Total.. On time Secured by other Paper personal with securione or ties, inmore cluding individual Secured by stocks meror firm and channames bonds dise, (not sewarecured by house receipts, collateral) etc. 31 12 51, 518 31,913 450,671 104,977 54,029 33,587 375 7,823 8,241 227, 879 422,226 481,680 425,875 105,479 82,995 733, 536 1, 463, 20b 276, 090 34 15 41,314 34,255 537,209 127,286 44,781 31,101 363 7,673 8,085 219, 111 442,879 467,833 413,297 100,654 87,082 263,618 857, 867 263, 669 300,520 65,839 Secured by other personal securities, including merchandise, warehouse receipts, etc. Secured by improved real estate under authority of sec. 24, Federal reserve act, as amended Farm lands Farm lands 81,442 46,450 532,800 351,899 1,930,426 620,158 631, 482 3,124,781 6,176, 743 1, 519,317 1, 111, 273 Other real estate Secured by real estate mortgages or other liens on realty not in accordance with sec. 24, Federal reserve act, as amended Acceptances of other For debts prebanks viously conAll other real distracted (sec. estate loans counted 5137, U.S. R.J3.) 8,508 100,384 108, 892 Other real estate Farm lands Other real estate Cus-> tomer's Accept- liability ances on acof reporting count of banks drafts purpaid chased under or discounted letters of credit 136 1 118 273 987 201 229 26,210 1,171 2,476 189 18,529 106,404 24,381 102, 567 17,595 49,159 9,433 13, 439 22,388 11,105 5,312 3,415 125, 070 127,339 23,101 60,874 I 11,392 125 27 115 255 978 411 36,359 152,386 188,897 13, 330 106,422 16, 564 56, 582 1,507 7,524 7,526 15,849 21, 528 ' 6,076 7,936 2,381 20,122 74,535 9,031 26,543 91,026 33,998 333 23 67,126 4,027 31,463 4,608 5,464 23, 977 27, 798 8,816 5,895 1,800 3,095 7,298 67,942 | 10,393 830 95 Total 1,827,033 548,365 1,379 3,740, 783 202 5, 701, 490 2,506 11,817, 671 JUNE 30, 1924 New YorkChicago Other reserve city banks C ountry banks Total 737, 559 1, 545, 625 873,387 277,098 344,407 73,209 81,464 45,736 1,852,649 519,079 343,091 623, 003 3,120, 470 616, 805 6,123,604 1,559,698 1, 087, 096 8,848 107,161 116,009 3,168 59,299 2,263 22, 551 2,990 302 33 2,009,100 594, 664 816 3,614,971 216 5, 759,993 1,367 11,978, 728 J U N E 30, 1925 New York Chicago Other reserve city banks. Country banks Total 33 14 30,193 30, 614 582,472 156,641 48,185 43,030 837,112 237,908 410,402 96,336 73,865 36,954 17 67 588 9 21 250 1,549 94 369 7,656 8,072 212, 796 452,497 618,114 485, 940 115, 746 93, 600 1,911,418 3,145,880 640,909 670, 083 365,122 586,814 9,212 112,918 122, 214 46,459 222,191 12, 583 110, 478 19, 603 60, 628 726,100 I, 843,167 300, 561 6,132, 318 1,817, 730 1,062, 755 269, 247 NOTE.—St. Louis terminated as a central reserve city and designated ottier reserve city July 1,1922, 123,332 81,874 1,602 8,732 10, 334 29, 797 107,767 43, 766 979 56 27 084, 305 610, 617 1,925 145 3,994, 646 5,984,499 3,105 12, 674,067 TABLE 51.—Classification of deposits in national banks at date of each report during year ended September 28, 1925 DECEMBER 31, 1924 [In thousands of dollars] Demand deposits Cities, States, and Territories New York Chicago Individual deposits subject to __ Total central reserve cities. Boston OTHER RESERVE CITIES --_-_ ___ _ __ Albany Brooklyn and Bronx Buffalo Philadelphia Pittsburgh . ______ Baltimore Washington _ Richmond Atlanta ___ Jacksonville Birmingham _ New Orleans Dallas El PasoFort Worth Gaiveston Houston San Antonio Waco Little Rock Louisville Memphis Nashville Cincinnati Cleveland - 1_ ____ ___ _ _ -. _ - - - Dividends unpaid Other demand deposits Total Certificates of deposit due on or after 30 d a y s State and other municipal deposits Other time deposits Postal savings deposits Total 17,976 9,125 17,194 13,807 1,352 3,255 1,902 47,416 1,670 2,181,010 520, 822 43,238 6,153 378 6,215 269,018 33, 069 12,495 1,710 325,129 47,147 2,588,135 27,101 31,001 1,352 5,157 49,086 2, 701, 832 49, 391 6,593 302,087 14, 205 372, 276 401,150 23,923 40,187 30,949 391, 216 216,832 80, 316 69,085 33, 735 44,376 21,787 20,005 26, 755 53,850 11, 766 21, 785 6,812 54,633 23,888 9,656 1,147 58 305 80 1,520 4,498 247 486 298 1,258 15 372 40 167 230 218 296 1,463 580 88 36 482 595 14 260 120 SO 2,425 1,165 75 108 83 810 538 464 253 231 127 31 60 143 215 14 143 42 255 71 167 2,595 9,453 569 408, 532 44,695 41,548 31, 738 403, 240 229, 326 85, 562 71,503 35,968 46,642 23, 7$t3 21, 028 27, 255 54,480 12,490 23, 320 7,265 57,161 24, 870 10,860 3,136 42, 040 7,992 20,136 60, 656 28,152 12,413 850 311 2,462 4,344 1,365 2,556 2,446 283 95 6,012 1,130 1,222 491 712 598 344 2,407 1,287 82,476 10,323 3,251 20,263 70,040 65,474 16,735 29,549 19,169 22,044 17,066 13, 509 4,028 849 8,055 1,719 3,685 2,271 3,294 145 300 6,850 4,Q46 24 1,549 97 1,818 1,169 70 875 76 36 207 99 82 122 29 78 22 53 81 3 11 134 62 33 251 61 98, 935 11, 107 5,111 23, 912 76, 202 58,026 20, 201 33,370 19, 528 22,175 25, 86.5 14, 738 2, 076 13, 490 6, 585 7,705 11, 007 23, 472 10, 948 4,186 1,989 22, 091 5,182 12, 412 21, 267 37, 435 41, 251 7,339 18,191 55,065 22,193 '379 616 4,318 2,767 4,388 1,327 i, 618 865 1,821 91 317 198 480 1,170 754 331 951 4,913 1,014 350 9 82 225 58 46 186 41 1,852 5,164 4,221 463 3,677 147 352 86 16 69 500 50 4 115 56 33 1 1,577 1,090 18 840 500 2,508 772 1,674 106 I • 2,093,817 494,318 2,741 - - State Deposit Certifior cates of subject other deposit to notice due in municiof less pal less than than 30 days deposits 30 days Time deposits 11, 203 5,738 7,029 10, 641 21, 012 5,552 4,070 1,129 13, 902 3, 401 8, 549 18, 445 27, 230 o o % 2 I W o to TABLE 51.—Classification of deposits in national banks at date of each report during year ended September 28, 1925—Continued k3 DECEMBER 31, 1924—Continued [In thousands of dollars] 00 Demand deposits CertifiState Deposit or subject Individual cates of deposit other to notice deposits subject to due in munici- of less pal less than check than 30 days deposits 30 days Cities, States, and Territories Time deposits Dividends unpaid Other demand deposits 83 15 106 117 90 376 76 98 457 176 19 20 32 24 65 24 282 31 83 14 10 Total Certificates of deposit due on or after 30 days State and other municipal Other time deposits Postal savings deposits Total OTHER RESERVE CITIES—continued Columbus.. Toledo Indianapolis Chicago Peoria Detroit Grand Rapids Milwaukee Minneapolis St. Paul Cedar Rapids Des Moines Dubuque Sioux City Kansas City, Mo St. Joseph St. Louis Lincoln.,. _ Omaha Kansas City, Kans Topeka Wichita Helena... Denver Pueblo Muskogee Oklahoma City— Tulsa. __. Seattle Spokane Portland Los Angeles Oakland San Francisco ._ _ _ _ _ _ .-. _ _. 32,058 3,270 42,456 22,463 11,114 117,481 13,143 65,200 78,844 54,927 5,113 15,029 2,717 9,309 57,855 9,224 151,905 8,939 48,115 3,780 5,934 11,752 3,015 60,723 8,263 5,845 21,904 28,574 52,818 11, 620 38,041 123,413 12,153 130,972 875 143 318 442 93 3,214 258 1 811 4,091 168 99 506 826 5,383 289 1,582 464 1,260 213 325 869 100 793 141 958 1,366 857 32 489 874 14 1,511 9,608 178 6,340 1,831 155 4,905 100 5,325 5,172 5,031 278 2,242 187 500 2,156 2,184 1,600 2,715 1,687 2,283 2,744 468 4,513 186 555 4,707 2,713 6,552 1,676 4,837 12,440 2,275 4,886 70 219 110 18 159 5 55 20 20 224 26 136 295 45 377 270 157 19 7 249 49 53 26 35 325 21 106 745 268 42,704 2,808 49,220 24,923 11,474 125,976 13, 577 70,894 85,441 64,244 5,797 17,398 3, £42 10,666 65,708 9,537 156,002 11,034 52,187 5,697 8,568 15,389 3,605 66,200 8,595 6,508 27,615 32, 708 60, 776 13, 375 43, 719 137, 767 14,487 138,014 3,639 1,176 4,201 4,255 3,740 9,156 8,475 5,735 1,296 1,417 1,379 2,073 1,736 1,468 9,716 159 4,254 632 206 2,886 376 2,180 1,035 1,641 2,314 3,426 2,620 4,156 1,299 5,707 374 11, 790 628 900 368 5 400 3,128 515 325 7 1,718 636 772 30 5,046 ~~~560~ 6,892 2,916 1,329 41,683 5,631 25,097 8,452 22,238 37,275 16,811 4,874 3,265 3,702 5,350 2,735 5,387 49,033 3,547 7,418* 520 75 2,325 1,110 46,442 2,307 1,805 10,332 8,225 28,983 13, 278 35, 974 55,364 1,951 38, 218 56 107 551 27 498 30 607 563 1,214 10 295 13 382 621 20 408 14 225 181 124 98 70 747 215 16 989 34 3,278 80 1,034 371 184 427 10, 666 3,872 5,075 43, 778 9,864 30, 250 12, 222 32,001 49, 441 23, 760 6,180 5,093 5,094 7,805 5,092 6,875 59, 672 3,720 12, 222 1,340 405 5,309 1,556 51, 087 3,557 4,098 14,407 12,178 34, 911 17, 514 38, 307 66, 488 2,509 50,995 Ogden __ _._ 4,215 15,106 3,016,776 393 627 45, 256 834 1,867 151, 026 8, 758 5, 604,911 72,357 182, 027 10,110 14, 336 | 71, 315 32,626 33,684 15,810 209,860 36, 529 127,363 455,872 774 1,533 351 3,222 2,708 3,752 12,340 8 3 130 3,112 9 59 47 1,036 141 3,112 302 201 218 733 138 577 2,169 306, 526 321,664 427,016 10,102 22,395 1,087, 703 7,229 6,490 11,702 29,452 650 9,248 77 1,451 10,844 190 25,611 2,609 41,959 79 12,451 Virginia... West VirginiaNorth Carolina.. South Carolina— Georgia.. Florida Alabama Mississippi Louisiana Texas Arkansas. Kentucky Tennessee Total Southern States 83,225 69, 782 65,510 38,972 33,453 52,875 55,840 30,933 34, 775 258, 752 38,185 70,200 50,218 882, 720 5,137 2,010 377 391 2,383 1,433 1.527 l'f 418 1,680 9,258 4,931 1,138 1,020 32, 703 1,757 2,806 2,838 332 453 7,908 U71 2,998 3,293 17,191 1,068 923 278 43,016 3 Ohio Indiana Illinois Michigan. Wisconsin Minnesota ._ Iowa Missouri Total Middle Western States. 180,919 112, 660 193,393 64,200 74,688 72,942 80,149 38,813 817,764 13,432 7,163 12,017 5,142 3,947 10, 712 11, 775 2,793 66,981 22, .245 8,141 5,607 4,887 3,630 7,889 5,127 1,946 59,472 Salt Lake City Total other reserve cities Total all reserve cities 11 9,179 22, 229 5,442 17, 611 968 1,804 3, 253, 224 171,411 34, 650 1,003, 507 25, 086 1, 234,654 5, 955,056 220,802 41, 243 1,305, 594 39, 291 1,606,930 33, 719 35,480 16,426 218,093 39,375 132,175 475, 268 5,866 1,670 570 7,041 1,362 4,727 21, 236 2 67,498 12,409 27,367 165,144 12,346 59,883 344,647 100 1,107 4,056 18 153 2,093 8,113 COUNTRY BANKS Maine-New Hampshire __ __ Vermont ___ Massachusetts Rhode Island _ Connecticut Total New England States... New York. New Jersey Pennsylvania.. Delaware Maryland Total Eastern States 1,651 1,781 3,647 81 230 7,390 1 3 1,235 654 543 343 328 272 355 217 215 1,361 193 350 337 344 6,403 512 6 177 32 250 7 121 1 1,155 713 1,153 516 659 507 298 148 1,106 5,149 4 333 483 1,634 1,688 375 8,421 2 411 415 1,585 934 6,354 107 283 82 1,075 224 1,181 2,952 73,473 14,362 28,021 173, 671 13, 932 65,791 369,250 346, 623 332,411 470, 878 10,183 25, 618 1,185, 713 40, 248 5,829 114,609 155 2,483 163,324 555 9,428 415,119 307,985 612,458 5,944 56,359 1, 397,865 88 701 1,370 334 249 3,249 91,443 75,458 69, 282 40, 059 36,673 62,492 59,017 35, 566 40,051 287,597 45,747 72,946 52,105 968,435 31,350 19,433 26,453 11, 266 10, 228 5,835 6,314 9,488 2,123 17,164 6,754 25, 558 23,251 195, 217 1,356 126 688 1,035 464 2,454 17 35 1,112 4,155 103 473 366 12, 384 78,823 44,996 28,306 42,624 15, 620 25,692 25,666 13,629 12,744 22,060 12,395 21, 712 25,260 369, 527 116 227 244 114 79 502 100 42 36 415 127 56 19 2,077 111, 645 64, 782 55, 691 55,039 26,391 34,483 32,097 23,194 16,015 43, 794 19,379 47,799 48,896 579, 205 487 799 1,239 427 112 373 397 31 3,865 218, 750 129,482 213, 586 75,204 83,286 92,430 97, 867 43, 732 954,337 54,226 43, 749 68, 634 25,353 47,847 86, 733 74,000 11, 720 412,262 5,260 355 2,045 394 636 969 631 100 10,390 109, 506 55, 675 114,359 105, 779 74,949 56,309 36,128 7, 350 560,055 666 521 1,212 681 390 447 228 170 4,315 169, 658 100, 300 186, 250 132,207 123, 822 144, 458 110, 987 19, 340 987,022 115 10, 599 86 206 14 21 56 4 120 981 457,933 1,718 316,466 5,478 738,899 632 6,731 14 59,411 8,823 1,579,440 TABLE 51.—Classification of deposits in national banks at date of each report during year ended September 28} 1925—Continued oo o D E C E M B E R 31, 1924—Continued [In thousands of dollars] fc -•" - 1 — —""'' Time deposits Demand deposits Cities, States, and Territories Individual deposits subject to CertifiState Deposit cates of or subject deposit other to notice due in municiof less less than pal than 30 days deposits 30 days Dividends unpaid Other demand deposits Total Certificates of deposit due on or after 30 days State and other municipal deposits Other time deposits Postal savings deposits 1 Total H W COUNTRY BANES—continued North Dakota South Dakota Nebraska Kansas Montana ---Wyoming Colorado New Mexico. __ Oklahoma,- _ _ _ Total Western States. Washington Oregon California Idaho Utah. Nevada,.. Arizona _ _ _ _ Total Pacific S t a t e s . . . . . . . A ... . Alaska (nonmember banks) .... T h e Territory of Hawaii (nonmember b a n k s ) . 33,043 25,736 30,975 77,700 27,298 16,913 45,187 13,763 122,346 4,583 4,205 6,485 9,524 2,564 1,784 4,651 1,250 5,417 3,262 3,388 2,654 7,466 7,121 4,899 3,151 2,457 19,949 9 77 3 256 5 392,961 40,463 54,347 46,140 33,829 137,750 22,446 3,258 5,915 13,428 1,811 4,188 4,672 1,825 249 385 210 262,766 1,695 2,379 272 394 34 278 2,138 782 568 163 510 43,665 32,284 34,849 36,493 24,580 12,457 29,881 5,604 37,279 74,149 5,139 257,092 818 35,217 13,785 80,820 7,991 2,891 4,997 4,930 2,348 583 566 1,381 39 183 247 47,844 22, 659 97,429 15,519 4,018 5,583 7,781 8,571 150,631 5,347 200,833 681 315 121 2 8C5 650 67 57 39 46 338 87 20 66 12 237 85 72 136 221 246 318 383 40 174 41,039 33,517 40,299 95,505 37,321 23,934 53,438 17,522 148,190 32,896 24,837 30,851 28,029 12,169 4,848 12,395 3,141 22,615 1,196 251 105 345 59 293 430 222 3,122 417 902 1,675 490,765 171,781 6,023 10,352 6,371 22,216 7,019 1,147 990 1,817 31 13 87 338 269 148 681 52 9 18 12 44 44 759 25 2 14 37 58,647 44,593 166,165 31,705 4,665 7,322 15,504 8,313 8,127 10, 647 5,988 1,020 403 1,786 1,966 164 5,396 159 68 13,340 49,912 469 1,189 925 328,601 36,284 20 17 27 921 1 14 1 1,744 3,331 63 333 9,301 6,802 3,859 7,841 10,214 6,534 16,488 2,078 11,032 4,074 37 948 1 5,075 396 996 123 1,515 Total country banks. 3,903,860 191,475 249,795 17,899 23,217 | 21,948 4,480,194 1,000,500 47,211 2,897,870 28,776 3,974,357 Total United States 9, 508, 771 263,832 431,822 28,009 37,553 93,263 10,363,250 1,221,302 88,454 4,203,464 68,067 5,581,287 Total (nonmember banks) _ 15 O o g 3 I APRIL 6, 1925 CENTRAL RESERVE CITIES New York _ Chicago Total, central reserve cities.. 1,803,661 447,232 15,142 10,406 11,720 21,265 2,250,893 25,548 32,985 93 363,811 23,734 38,358 30,710 377,990 218, 712 71,923 69,623 31,438 46,146 27,320 18,726 21,510 59,775 11,353 30, 720 5,451 6 50 11,819 377 681 13,306 4,520 3,112 1,326 1,415 442 2,842 184 550 1,105 641 2,168 70 649 331 43,967 183 1,875, 221 479, 428 47,583 10,072 1,376 10,620 281,822 36,618 12,025 1,570 44,150 2, 354, 649 57, 655 11, 996 318,440 13,695 1,073 16,074 531 370,658 51, 704 39,351 31, 470 397,379 235,528 76,330 72,048 33,315 47,912 30,191 19,834 22,364 61,156 12,355 33,101 7,160 59,267 26,213 10,760 3,808 43, 001 7,345 19, 548 60,603 33,373 46,616 3,530 42,050 25, 573 12,058 116, 307 12, 835 68, 534 84,055 60, 760 6, 361 19,372 3,313 21,955 2,253 360 2,767 5,538 2,904 2,632 2,321 335 132 18 840 500 90,448 10,980 3,644 22,277 67,907 56,136 19,486 28,318 20,232 22,468 17, 589 13,026 1,443 2,384 161 13,058 5,250 3,833 27 1,310 83 1,837 1,076 70 2,562 70 39 260 102 78 137 28 90 33 53 102 5 6 136 60 32 262 52 363 36 126 551 30 465 35 494 537 1,260 15 530 9 342,806 OTHER RESERVE CITIES Boston Albany Brooklyn and Bronx Buffalo Philadelphia. Pittsburgh... _ Baltimore Washington _ Bichmond Atlanta Jacksonville Birmingham New Orleans Dallas__ El Paso Port Worth. _ Galveston Houston _ San Antonio Waco Little Rock.. Louisville Memphis Nashville Cincinnati Cleveland Columbus _ Toledo.... ___ Indianapolis Chicago _ Peoria. _ Detroit Grand Rapids Milwaukee Minneapolis ._ St. Paul Cedar Rapids Des Moines. _ Dubuque ___ _._ _._ _ ___ _._ .... 56,343 24,177 8,853 3,022 42,519 7,075 17, 757 55,208 22,803 34,822 3,240 36,540 23,528 10,596 107,158 11,963 59,826 ^76,849 51, 550 5,479 16, 756 2,363 1,839 7,721 509 638 379 1,308 16 424 288 168 361 207 348 1,376 513 24 25 361 269 14 330 111 803 131 401 443, 103 3,969 364 1 527 3,634 134 394 404 3,717 964 494 3,569 731 204 66 12 5 500 59 2 422 1,475 1,510 1,882 668 87 1,737 5,034 9,032 10,869 157 5,091 1,431 235 5,103 500 8,626 6,422 5,535 507 2,218 546 203 71 5 10 S3 42 55 256 17 4 8 70 77 4 239 2 1 2 34 1 6 29 14 15 18 27 101 77 8 17 62 19 2 11 91 34 2 1,413 37 67 23 64 195 18 705 852 355 539 634 493 3,033 1,352 184 1,102 8,427 2,013 3,763 3,483 3,983 3,432 2,687 1,142 4,484 4,359 3,774 8,094 8,796 3,845 1,170 1,170 1,572 1,370 4,329 28 300 9,235 3,489 2,400 323 15 2,400 2,518 11,059 22,345 3,943 4,299 1,055 14,189 3,307 9,473 19,676 28,625 7,387 2,778 1,302 41,948 5,730 28,836 9,027 22,983 37,813 19, 068 5,069 3,749 3,574 116,236 13,260 5,314 26,497 75,282 60,134 23,028 33,701 20,637 22,639 26,320 13,833 2,373 15,934 5,978 9,319 11,585 25,431 9,726 4,488 2,163 22, 752 5,380 13,296 23, 721 41, 895 14, 671 5,214 4,115 43,964 10, 259 36,060 12,836 31, 571 49, 664 24,173 6,254 5,467 5,165 to to TABLE 51.—Classification of deposits in national banks at date of each report during year ended September 28, 1925—Continued 00 APEIL 6, 1925—Continued [In thousands of dollars] Demand deposits Cities, States, and Territories CertifiDeposit State Individual cates of subject or deposit deposits other to notice subject to due in munici- of less less than check than pal 30 days deposits 30 days Time deposits Dividends unpaid Other demand deposits Total Certificates of deposit due on or after 30 days State and other municipal deposits § Other time deposits Postal savings deposits Total W 1 OTHER RESERVE CITIES—continued Sioux City Kansas City, Mo St. Joseph St. Louis Lincoln Omaha ___ Kansas City, Kans Topeka Wichita Helena Denver Pueblo Muskogee Oklahoma City Tulsa Seattle Spokane Portland Los Angeles ___ Oakland San Francisco Ogden Salt Lake City 9,133 56,695 8,371 136, 751 9,572 48,842 _ > _ 6,400 11,900 2,578 60,175 7,491 5,099 24, 579 38,570 49, 739 10, 430 36, 307 120,387 13,800 125, 325 3,622 13,974 734 5,574 325 988 472 1,408 251 379 977 102 762 154 1,344 2,583 822 531 31 586 1,054 91 2,106 433 595 5,647 1,430 2,294 637 1,139 1,667 289 8,721 375 787 6,239 6,268 11, 763 4,210 4,789 14,223 2,444 7,837 696 1,593 30, 359 3,221, 534 74, 509 5, 576,183 ""80 56 16 27 354 32 190 1,909 24 264 7 18 Total other reserve cities 2,931,074 53,184 200,178 5,159 Total, all reserve cities 5,181, 967 78, 732 233,163 5,252 144, 246 11,479 52, 685 5,188 7,920 14, 548 2,969 69, 682 8,020 5,951 31,501 45, 692 62,434 14, 704 41,965 137, 613 16, 359 135, 537 4,758 16,180 2,072 1,788 1,231 10,399 193 3,940 630 192 2,395 399 2,050 1,113 1,472 2,573 4,125 3,205 4,258 1,446 6,566 488 10, 527 983 2,284 12 184 800 2,560 11,223 65,043 5,339 1,780 ""275" 1,374 5 906 833 393 50 9,698 '"""560" 5,301 42,043 3,548 7,439 526 79 2,739 1,135 46,963 2,444 2,053 10,811 27,919 11,897 36,179 60,581 2,527 385 661 22 412 15 205 112 82 813 218 19 1,076 43 84 977 395 175 475 12 150 7,796 5,277 6,554 54, 634 3,756 11,880 1,364 476 5,246 1,616 51,200 3.780 4,450 15,293 13,529 34,262 16,239 77,240 3,190 50,151 i a d 7,957 W ft 1,031, 784 26, 657 1,296,926 o 1, 350,224 40,252 I,406 1,104 4,123 187, 557 50,928 245, 212 62, 924 } { COUNTRY BANKS MaineVermont.. Massachusetts. Rhode Island.. Connecticut Total New England States New York New Jersey. - . Pennsylvania. Delaware Maryland Total Eastern States. = Virginia West Virginia North Carolina.. South Carolina... Georgia _. Florida _. Alabama Mississippi _. Louisiana Texas Arkansas Kentucky Tennessee _. Total Southern States Ohio Indiana Illinois Michigan.. Wisconsin.. Minnesota. Iowa Missouri... Total' Middle Western States North Dakota.. South Dakota... Nebraska Kansas Montana 2, 032 58 35 2,187 31,656 31,902 14,266 202,510 35, 598 120,564 720 1,474 317 2,962 2,698 3,443 436,496 11,614 70 55 303,609 301,655 418,380 9,113 6,446 6,692 11,494 36,289 562 13,203 88 1,913 9,866 22,377 145 2,174 | 52 24, 777 52,228 I 11,919 , 190 5,939 454,364 16,328 123 361,047 2,847 380,345 199 144 384 2,747 630 9,019 45, 706 6,990 115,424 164 2,830 1,442 618 5,076 477 425, 744 318,793 631,918 6,718 57,152 1,348 2,340 4,667 100 13 474,240 155 349,378 311, 596 462,346 9,119 24,909 739 12, 551 1,157,348 171,114 7,613 1,440,325 8,468 1,627,520 264 92 32 186 189 7 80 84 621 1,382 160 481 87,099 75,784 67, 848 37,006 34,084 88,990 56,372 35,047 37, 779 281,181 43, 050 71,105 52,145 32,287 20,590 25,177 10,364 10,949 10,038 6,470 2,424 10,421 20,175 8,496 26,683 24,565 1,521 103 563 514 433 2,731 11 1,089 2,323 5,772 130 389 5 80,360 45,548 29,447 43,237 16,093 29,230 26,613 12,987 13,493 22,821 12, 760 23,178 25,291 114 207 54 149 79 659 97 39 43 520 545 59 19 114, 282 66,448 55,241 54,264 27,554 42,658 33,191 16, 539 26,280 49,288 21,931 50,309 49,880 48 1,055,134 . 11 1,627 34,441 33,453 14, 626 207, 857 38,309 125,678 ,907 1,666 645 7,767 1,352 3,991 72, 563 12,969 27,450 171, 733 12,856 63,476 104 296 82 1,040 203 1,122 73,661 14,931 28,178 180,575 14,411 68, 589 328, 741 757,085 6,982 60,472 = = 50,519 5,157 1,550 325 388 1,942 770 1,213 1,451 1,393 7,294 3,438 1,052 789 874,499 26, 762 61,918 390 343 3,578 967,490 208,639 15,584 381,058 180,325 106,514 207,454 63,170 77,334 70,274 85,105 36, 709 11, 793 6,605 11,897 4,994 3,626 9,114 • 10, 852 2,451 29,038 7,377 6,549 12,893 11,619 8,547 8,935 2,184 253 69 46 64 53 47 10 21 4 718 773 1,244 478 82 316 446 34 222,198 121,315 227,347 81, 589 92,912 88, 272 105,460 41,437 54,287 43,623 71,159 24,693 48,254 89,733 72,921 12,137 5,740 954 1,560 1,185 1,737 1,786 510 139 109,950 56,892 116,138 108,044 74,450 57,029 35, 840 7,500 2,584 703~ 476 1,300 704 408 504 867 190 826,885 61,332 87,142 314 4,091 980, 528 416,807 13,611 565,843 5,152 1,001,413 29,522 25, 654 33, 769 75,098 26,004 4,000 4,070 6,392 9,312 2,385 5,299 3,692 97 87 162 189 251 38,987 33, 519 42, 604 90, 730 33, 607 34, 068 25,105 30, 599 29,586 13,070 1,156 269 98 228 63 9,695 7,157 4,064 8,104 10, 619 355 513 36 377 2,273 45,274 33,044 34, 797 38,295 26.025 80,529 70,428 64,081 35,922 31,613 78,237 54,027 27,062 33,120 243,597 36,365 1,085 3,665 3,396 500 319 9,961 1,031 6,529 3,155 29,240 1,854 861 322 2,267 5,792 4,962 6 382 139 1 204 11 101 55 63 2 4 337 4 607,865 170, 680 101,945 190,157 134,626 124,849 149,052 110,138 19,966 TABLE 51.—Classification of deposits in national banks at date of each report during year ended September 88t 1925—Continued to APRIL 6,1925—Continued [In thousands of dollars] Time deposits Demand deposits Cities, States, and Territories CertifiState Individual cates of or deposit deposits other subject to due in municicheck less than pal 30 days deposits Deposit subject to notice of less than 30 days Dividends unpaid Other demand deposits Total Certificates of deposit due on or after 30 days State and other municipal deposits Other time deposits Postal savings deposits Total COUNTRY BANKS—continued Wyoming Colorado New Mexico Oklahoma _. __ . 10 134 140 14 140 19,783 52,882 16,199 141,408 5,171 12,615 3,191 25,999 284 406 236 3,505 6,318 16,445 2,155 11,824 933 597 171 577 12,706 30,063 5,753 41,905 57 1,214 469,719 179,404 6,245 76,381 5,832 267,862 4, 17 24 1 1 1 5 30 63 619 8 2 14 24 63,126 44,103 155,942 24,669 3,349 6,659 15,126 8,799 8,336 10,463 6,819 922 570 1,847 1,644 141 5,649 140 107 6 612 33,956 13,746 80,739 7,833 3,032 5,155 5,203 2,323 312 531 1,355 42 166 272 46,722 22,535 97,382 15,147 4,103 5,897 7,934 53 760 312,974 36, 756 8,299 149,664 5,001 199,720 1 1,692 2,945 69 565 751 340 147 2 967 907 14,751 42,887 12,925. 114,453 1,368 4,065 1,127 4,424 3,530 5,687 2,133 22,346 89 35 375,063 37,143 55,708 534 _ 43,432 33,214 130,444 18,399 2,490 5,590 13,461 1,580 3,755 4,231 1,508 273 297 100 18,014 7,037 20,537 4,411 583 757 1,536 66 17 87 342 Total Pacific States 247,030 11,744 52,875 512 1,649 2,299 17 23 25 623 3,948 40 648 1 4,637 634 1,091 149 1,874 Total country banks. 3,819,055 173,412 310, 589 14,174 28,134 4,347,060 1,029,682 51r475 ~ 9 7 5 , 4 0 9 30,033 4,086,599 Total United States 9,001,022 252,144 543,752 19,426 102,643 9,923,243 1,274,894 70,285 5,785,211 _ _ _ Total Western States Washington Oregon . California-_Idaho, .,. Nevada... Arizona.» . Alaska (nonmember banks). . _. Tb© Territory of Hawaii (nonmember banks). Total (nonmember banks) 14 4,256 114, 399 4,325,633 O o o 3 O a 4 J U N E 30, 1925 CENTRAL RESERVE CITIES New York Chicago . . . _ Total central reserve cities 2,070,500 452,991 8,340 8,656 12,952 57,987 302 2,609 2,046 48,645 562 2,143,348 522, 242 2, 523,491 16,996 70,939 302 4,655 49, 207 2,665, 590 403,690 22,387 38,802 41,287 399,410 228,120 77,418 66,882 32,911 45,439 28,923 17,436 22,096 64,975 12,007 32,428 5,612 57, 332 23,678 8,077 2,783 37, 739 6,402 19,217 57,699 25,638 36, 598 3,898 39,515 24,801 11, 712 118, 896 12, 676 58,014 87,701 46,124 5,144 16, 474 2,849 2,512 6 101 128 1,703 4,624 240 840 301 1,257 50 14,889 397 452 4,250 5,358 2,472 1,330 1,184 544 4,325 152 405 1,085 200 1,375 38 63 57 728 548 476 233 229 127 2,800 28,638 532 28 59 500 410,627 65,958 39,895 41,924 410,033 243,169 81, 324 69, 521 34,686 47,441 33,350 18,427 22,674 66,434 12, 810 34,945 6,288 61,280 25, 742 9,694 3,907 38,442 6,967 21,463 62, 978 35,605 45,996 4,639 45,634 27, 673 12,428 131, 825 14, 082 70,720 96, 250 56, 237 5, 708 17,226 3,444 34, 739 6,488 41, 227 299 12,640 279,627 43, 519 10,912 1,576 325,577 64,223 12,939 323,146 12,488 389,800 98, 516 11, 541 3,639 22, 569 70, 218 60,398 26,001 31, 567 . 20,553 23, 361 21,080 13, 730 3,793 28 1,341 76 1,968 1,090 68 779 63 56 270 104 76 127, 724 14,030 5,582 27, 743 76,961 68,454 31, 597 34, 818 20, 979 23, 589 30,800 13, 838 2,996 17,428 6,610 9,903 11, 891 26,565 9,489 4,651 2,046 24, 305 5,574 14,034 24, 800 45, 243 14, 285 4,391 5,201 45,101 9,860 45,218 13, 022 32,485 49, 261 24,051 6,236 5,014 5,220 OTHER RESERVE CITIES Boston Albany Brooklyn and Bronx Buffalo Philadelphia Pittsburgh . Baltimore Washington Richmond Atlanta Jacksonville "Birmingham New Orleans Dallas . El Paso Fort Worth Galveston "Houston Ban Antonio Waco Little Rock Louisville Uv^emphis Nashville Cincinnati _ Cleveland Columbus Toledo Indianapolis Chicago Peoria Detroit Grand Rapids Milwaukee Minneapolis _. St. Paul Cedar Rapids Des Moines Dubuque___ 15 279 72 109 341 2,174 280 2,444 1,471 1,446 1,097 92 516 14 416 2,651 125 913 4,697 8,860 8,337 122 604 259 50 150 38 39 48 75 70 350 4,477 800 74 17 890 4 15 7,330 7,713 9,010 181 442 2 32 92 74 140 319 76 115 295 151 19 14 36 199 6 14 45 1 113 90 530 496 3,464 718 236 61 74 211 49 96 165 5,417 2,260 8,133 398 939 112 295 559 60 101 398 191 346 1,391 528 96 27 400 589 447 3,446 1,055 252 75 27 5,261 143 13 1 25,415 2,461 602 3,726 4,775 6,741 4,688 1,972 363 172 5,936 4 1,370 891 435 808 432 3,410 1,189 119 893 9,164 2,131 3,712 3,593 4,227 3,282 3,011 1,158 3,955 9,042 3,909 8,678 9,499 3,278 1,280 1,180 1,417 1,372 225 840 500 3,514 1,550 1,473 675 4,156 28 300 9,608 3,228 1,435 298 15 1,400 572 1,265 95 14,931 5,439 11,' 433 23,102 4,040 4,525 1,148 15, 016 3,379 10,260 20, 631 31, 369 7,441 2,917 2,069 43, 087 5,861 34, 286 9,080 22, 771 37, 956 19, 524 4,939 3,232 3,784 133 61 101 26 53 104 7 5 125 64 34 276 39 334 39 121 558 29 490 33 464 541 1,249 17 507 19 TABLE 51.—Classification of deposits in national banks at date of each report during year ended September 28, 1925—Continued to 00 JUNE 30, 1925—Continued [In thousands of dollars] Time deposits Demand deposits Cities, States, and Territories CertifiDeposit State subject Individual cates of or deposit deposits other to notice due in subject to municiof less less than pal than check 30 days deposits 30 days Dividends unpaid Other demand Total Certificates of deposit due on or after 30 days State and other municipal deposits Other time deposits Postal savings deposits Total H W OTHER RESERVE CITIES—continued Sioux C i t y . . Kansas City, M o . . . St. Joseph _ St. Louis ... Lincoln _.. Omaha Kansas City, Kans.. Topeka._ Wichita Helena Denver _. Pueblo Muskogee Oklahoma City Tulsa... _ Seattle Spokane Portland Los Angeles Oakland.. San Francisco Ogden Salt Lake City O 9,149 57,324 6,939 135,516 9,363 50, 707 3,082 9,002 12, 749 2,727 62, 769 8,555 4,622 24,945 43, 524 51, 293 10,244 36, 567 125,011 604 5,512 354 1,122 452 1,215 246 281 878 104 1,270 151 181 2,462 35 33 14 478 43 72 16 26 13 19 123 5 28 42 2,048 4,111 2,050 3,612 2,536 350 6,504 163 835 6,870 5,173 9,381 3,297 5,530 U, 186 3,106 9,602 372 1,170 14,411 129,336 3,417 13, 737 789 1,823 419 6 569 1,043 14 1,653 538 662 Total other reserve cities. 3,067,779 49, 519 195,017 5,039 8,818 Total, all reserve cities 5, 591, 270 66, 515 265,956 5,341 13,473 204 15 137 294 50 374 6,491 2,984 5,789 44,325 3,717 7,352 562 351 3,233 1,177 46,298 2,633 2,096 11, 214 9,383 28, 314 12,259 37, 630 63,438 2, 557 38, 547 1,081 4,224 362 722 24 414 16 233 200 214 111 85 864 202 19 1,109 43 3,073 82 1,001 386 170 447 13 137 8,200 5,501 7,050 58,314 3,934 12,030 1,382 1,505 5,462 1,671 50,401 3,927 4,470 15, 395 13, 659 34,401 16,465 40, 286 78,069 3,622 51,426 1,768 7,078 141, 639 17, 610 141, 660 4,330 15, 574 2,347 1,795 1,237 11,839 201 4,055 620 940 2,118 409 1,627 1,087 1,608 2,611 3,841 2,934 4,124 1,655 7,574 895 11,572 674 1,917 48,810 3,374,982 206,598 1,089,042 25,068 1, 367,011 98,017 6,040, 572 247,825 1,412,188 37,556 1,756,811 9 298 70 375 256 11 60 11 29 480 37 159 2,105 29 695 3 9,978 7,307 140,820 11,906 56,480 5,650 12,921 16,176 3,200 70,677 8,874 5,545 32, 657 50, 549 61, 792 13, 599 42, 963 1,736 1,612 5 747 461 392 80 6,671 800 o g Pi O a 3 COUNTRY BANKS Maine. New Hampshire. Vermont Massachusetts... Rhode Island Connecticut Total New England States-. New York New Jersey... Pennsylvania _ Delaware Maryland Total Eastern States. Virginia West Virginia. „ North Carolina. South Carolina.. Georgia Florida Alabama Mississippi Louisiana Texas.__ Arkansas Kentucky. Tennessee Total Southern States.. Ohio Indiana Illinois Michigan. , WisconsinMinnesotaIowa Missouri..Total Middle Western States. North Dakota.. South D a k o t a Nebraska Kansas Montana. Wyoming „ 31,621 33,385 16,186 217,611 36,105 127,162 792 1,594 389 3,360 3,013 3,504 462,070 12,652 56 312,158 327,088 415,384 9,863 23,609 7,027 6,530 10,708 34,930 709 16,343 134 2,373 1,088,102 24,399 54,355 79,173 67,812 58,514 32,731 29,430 84,526 49,019 26,264 31,730 236,717 34,764 65, 728 49,593 4,846 1,766 750 243 1,777 1,265 1,067 1,369 1,253 8,003 3,053 953 840 1,069 2,805 3,522 1,249 376 11,365 1,151 846, 001 27,185 58,113 185,389 111, 631 208,267 65, 600 75, 288 70,407 82,024 38,011 11, 228 6,749 11,361 4,791 3,524 8,776 10,188 2,407 29,088 10,900 8,290 9,370 "132 15,513 3,160 2,146 836,617 59, 024 26,471 23,981 31,975 76,411 25,255 15,573 4,560 4,048 6,142 9,587 2,545 1,289 1,101 1,425 434 7, 736 1,479 4,720 184 204 780 135 531 35 233 581 32, 720 35,631 16,814 222, 069 39,253 131,778 40 2,132 1,315 478, 265 16,895 197 1,830 9,664 1,711 1, 571 3,655 68 231 1, 757 1,484 8,254 ' 2 110 357, 780 339,212 464, 008 9,933 26,543 41,998 7, 753 115,933 157 2,826 11,777 7,236 11,607 1,197,476 168,667 11 1,176 621 120 282 250 247 177 142 744 101 364 314 146 95 38 55 244 16 74 38 784 1,282 1,582 13 86.421 73,099 63,304 34,611 32,229 97.422 51, 558 32,638 35,778 271,682 41,942 69, 547 51,097 31,686 20, 538 23,580 10,443 10,186 12,529 6,571 9,854 2,650 21,392 8.880 26; 779 24,808 1,891 83 513 651 402 2,574 6 3,024 890 5,767 146 52 18 81,028 46,653 28,623 44,097 15,624 30,702 27,378 14,136 14,114 25,051 13,402 24,460 26,861 110 213 61 172 81 662 99 44 45 593 140 394 24 114, 715 67,487 52, 777 55,363 26,293 46, 467 34,054 27,058 17, 699 52,803 22, 568 51,685 51,711 5,231 4,367 941,328 209,896 16, 017 392,129 2,638 620,680 216 19 141 228 1,023 758 970 516 558 351 239 131 526 912 1,160 938 102 435 471 17 227, 723 130,950 230,180 81, 215 88,027 95, 501 96,223 42,940 54,290 45, 753 73,130 25,887 47,336 86,833 73,918 12,685 236 1,413 899 1,785 1,761 123 171 490 1,302 680 400 536 472 199 172, 245 105, 581 194, 966 137, 998 126, 376 145,436 112, 581 21, 274 86,806 1,205 4,546 4,561 992,759 419,832 12,011 579,839 3,075 4,077 2,921 7,686 5,787 4,215 1 2 54 482 4 19 9 39 258 42 31 118 236 218 119 34,192 32,200 41,249 94,660 33,851 21,227 33,289 24,855 31, 730 30,025 12, 589 4,899 1,175 153 183 199 113 196 9,790 7,178 4,010 8,590 11,131 6,433 40 2,615 25,134 2,742 920 337 300 469 74,996 13,273 28,128 76,196 14,980 28, 641 187,107 15,027 69,407 178, 225 13,358 63,609 282 76 1,000 190 1,078 149 371, 589 2,725 391,358 3,111 504 6,306 290 441,613 333,115 638,939 6,859 57,389 1,033 1,583 5,153 86 427 487,755 342,955 766,331 7,102 60,932 10,211 1,477,915 111, 636 59,102 119,121 110, 532 76, 855 56, 306 8,219 8,282 1, 665,075 4,775 1,016,457 372 558 150 388 2,283 1,039 44, 626 32, 744 36, 073 39, 202 26,116 12, 567 3, 1925—Continued TABLE 51.—Classification of deposits in national banks at date of each report during year ended September to OQ QO JUNE 30,1925—Continued [In thousands of dollars] Demand deposits CertifiDeposit State Individual cates of subject or deposit deposits to notice other subject to due in municiof less check less than than pal 30 days deposits 30 days Cities, States, and Territories COUNTRY BANKS—continued Colorado . New Mexico Oklahoma Total Western States Washington Oregon . California Idaho Utah Nevada Arizona Total Pacific States . Alaska (nonmember banks) JIawaii (nonmember banks) > Total (nonmember banks) Total country banks Total United gtates . . . Time deposits Dividends unpaid Other demand deposits Total Certificates of deposit due on or after 30 days State and other municipal deposits Other time deposits 40,592 11,998 105,730 3,976 1,253 5,066 3,488 2,869 24,417 93 10 48 74 5 119 130 11 216 48,353 16,146 135,596 13,100 2,595 25, 788 422 228 3,749 17,383 1,842 11, 758 357,986 38,466 58,535 694 596 1,197 457,474 178,870 6,418 43,265 32,522 133,155 17,912 2,387 5,782 12,741 1,599 3,607 4,059 1,708 36 11 74 347 180 131 605 31 6 20 21 50 73 703 16 33 13 48 61,104 44,152 161,358 25,952 3,094 7,137 14,601 8,461 8,073 10,309 5,607 982 433 1,452 1,402 166 5,981 101 87 105 15,974 7,808 22,762 5,938 406 969 1,686 247,764 11,693 55,543 468 994 936 317,398 35,317 1,713 2,152 16 28 25 1,027 3 17 20 1 1,758 3,224 75 322 • Postal savings deposits o w Total 646 194 626 •31,551 4,859 41,921 78,115 6,256 289,659 925 35,252 14,046 82,984 7,959 2,990 6,311 5,157 2,257 541 587 1,366 40 181 286 47,372 22,826 99,861 15,033 4,099 5,925 7,820 8,662 153,699 5,258 202,936 789 338 156 2 1,020 662 3,865 44 1,052 1 4,982 397 1,127 158 1,682 3,842,405 173,463 314,460 14,615 20, 755 23,984 4,389,082 1,029,874 53,468 3,054,413 30,092 4,167,847 9,433,675 239,978 580,416 19,956 34,228 122,001 10,430,254 1,277,699 112,710 4,466,601 67,648 5,924,058 o SEPTEMBER 28, 1925 CENTRAL RESERVE CITIES New York Chicago _ ,_ __ .- Total central reserve cities_- 1,963,549 489,309 5,481 6,710 7,478 26,303 767 719 45 46, 518 1,180 2,024,512 523,547 23,991 5,381 299 12,640 283,963 47,017 10,323 1,528 318,576 66, 566 2, 452,858 12,191 33,781 767 764 47,698 2,548,059 29,372 12,939 330,980 11,851 385,142 50 10,428 487 464 4,675 4,751 4,809 1,290 794 808 4,409 202 476 174 307 1,535 106 789 1,198 1,009 205 276 1 30 1 504 182 12 203 1 4 1 2,031 9,000 551 99,774 12,838 3,744 22,893 78,905 58, 585 24,024 30,989 20,144 22,128 20,412 13,425 3,610 33 1,421 91 2,022 1,154 59 777 61 71 289 110 65 141 47 115 28 53 114 7 122,405 14, 594 5,838 27,853 85, 495 70,436 28,237 34,466 20,821 22, 265 33, 052 13,540 2,867 16,774 6,402 9,666 11,424 26,868 9,419 4,761 1 775 22, 658 5,397 14,137 25,935 45, 275 16, 890 5,819 5,641 44,946 9,905 37, 735 12,876 32,857 48,964 28,000 6,375 4,852 5,133 OTHER RESERVE CITIES Boston Albany.Brooklyn and Bronx __ Buffalo Philadelphia Pittsburgh .. .. Baltimore Washington Richmond Atlanta Jacksonville New Orleans Dallas-El Paso Fort Worth Galveston Houston San Antonio Waco !Little Rock L/Ouisville Memphis - Nashville Cincinnati Cleveland.. ColumbusToledo Indianapolis Chicago Peoria__ . Detroit Grand Rapids Milwaukee Minneapolis St. Paul Cedar Rapids Des Moines Dubuque_ „, _. „ _- _ _ _ _ 394,373 24,290 39,488 33,768 396,858 230,181 73,455 67,805 41,708 47,599 34,782 18,612 20,024 66,443 11,609 31,649 5,535 55,371 24,302 7,379 2,344 42,761 7,127 19,512 57,751 23,958 35,708 3,812 37,315 23, 524 11,013 110, 794 14, 285 63,748 83,188 50,816 5, 500 15,173 2,680 2,337 6 118 31 3,791 4,653 799 586 299 1,255 15 278 6 377 233 253 : 236 1,329 498 76 38 320 608 14 924 122 878 84 609 539 160 8,403 588 462 687 85 294 453 4,948 1,046 4 4 1 1 383 261 1,925 6,317 13, 337 9,699 2 19 70 522 75 600 35 1 30 63 10 12 47 5 1,103 ' 6 3 3,130 2,646 525 2,300 300 4,418 5,487 5,346 1,190 2 5 2 3 602 3,300 900 370 60 233 31 50 62 27 43 22 24 11 2 379 129 10 1 1 2* 399,272 43,725 40,674 34,264 409,378 244,113 79,975 70,254 42,852 49,666 39,282 19,592 20,510 67,013 12,049 33,438 5,907 57,553 26,008 8,465 2,765 43, 344 7,766 21,500 65,002 38, 522 46,363 4,418 41, 057 26, 783 11,770 121, 559 15,200 68, 569 89,277 56, 861 5,818 16, 659 J 3,135 19,021 1,723 673 4,029 4,568 10,572 3,814 2,200 616 66 8,367 5 1,371 640 515 1,006 532 3,190 1,319 820 125 340 500 3,984 1,431 1,176 617 3,902 142 586 7,462 1,937 3,511 4,726 4,565 3,678 102 3,275 1,283 4,089 9,422 4, 044 8,940 9, 553 7,153 1,340 1,13l 1,458 300 10,434 5,022 2,400 413 65 1, 381 55 14, 817 5,223 8,545 10,864 23,625 4,084 4,612 1,178 15, 074 3,398 10, 589 20, 634 30,236 7,879 3,285 2,254 42,721 5,722 27,788 8,803 23, 483 37, 479 19, 508 5,019 3,135 3,656 11 122 62 37 275 40 311 32 112 529 29 525 29 434 551 1,339 16 531 19 [ to QO o TABLE 51.—Classification of deposits in national banks at date of each report during year ended September 28, 1925—Continued CO o SEPTEMBER 28, 1925—Continued [In thousands of dollars] Demand deposits Cities, States, and Territories State CertifiDeposit or subject Individual cates of other to notice deposits deposit subject to due in munici- of less check pal less than than 30 day deposits 30 days Time deposits Dividends unpaid Other demand deposits Total Certificates of deposit due on or after 30 days State and other municipal deposits •-d o Other time deposits Postal savings deposits Total § OTHER RESERVE CITIES—continued Sioux City Kansas City, Mo St. Joseph St. Louis Lincoln Omaha Kansas City, Kans._ Topeka Wichita Helena Denver Pueblo Muskogee..-Oklahoma City Tulsa Seattle Spokane. _ Portland...Los Angeles Oakland San Francisco..—-... Ogden. Salt Lake City 197 9,150 57,736 7,198 133,177 10,272 46,966 3,257 10,798 12,607 3,033 59,286 7,211 5,311 25,843 51,912 53,161 11,687 49, 371 126,149 14, 538 130, 725 3,379 14,828 1,050 439 7 633 1,165 12 2,044 506 469 2,063 3,713 9,818 2,610 6,879 137 Total other reserve cities. 3,083, 735 49,931 164, 201 6,514 1,874 Total all reserve cities 5, 536, 593 62,122 197, 982 7,281 2,638 553 5,485 397 1,366 465 1,661 250 290 531 100 1,223 142 2,428 1,759 1,162 13, 667 199 3,321 623 978 1,338 404 2,083 1,029 1,641 2,506 3,043 2,582 3,955 2,732 8,195 558 10,060 692 1,829 "loo 2,989 53, 244 610 4,223 24, 061 3,330,316 209, 408 47,843 1,107,172 25, 633 1, 390, 056 71, 759 5, 878, 375 238,780 60, 782 1, 438,152 37; 484 9,906 3,370 1,231 3,401 900 1,068 1,807 190 6,879 214 731 8,263 4,077 219 1 31 85 10 148 57 100 40 159 2,085 31 12 8,201 5,475 6,166 59, 810 3,928 11, 256 1,414 1,542 5,538 1,656 52,765 3,756 4,247 12,890 14, 477 34, 677 16,201 49,185 77, 777 3,715 65, 448 1, 315 6,284 7,595 138, 217 11,969 52,069 4,555 12,156 14,949 3,329 67,455 7,567 6,099 34,905 57,066 60, 516 13,797 53, 960 139, 219 17,191 140, 322 4,025 16,282 419 1,700 ~~~290 1,158 5 929 443 200 81 5,422 2,966 4,977 44,037 3,712 7,419 572 344 4,085 1,166 48,579 •2,527 1,664 11,190 12,153 45,183 8,312 "l,~660" 351 750 27 406 17 226 219 220 115 86 945 195 13 1,135 44 3,075 93 1,270 377 168 484 13 132 1,775,198 o d a COUNTRY BANKS Maine New Hampshire Vermont Massachusetts., Rhode Island Connecticut Total New England States New York New Jersey . _ Pennsylvania Delaware Maryland Total Eastern States _ Virginia West Virginia . North Carolina South Carolina -Georgia Florida Alabama Mississippi _ __ _ Louisiana Texas Arkansas __»__ Kentucky Tennessee Total Southern States.. Ohio Indiana Illinois Michigan Wisconsin _ _ ___ _ Minnesota. Iowa , Missouri Total Middle Western States North Dakota South Dakota Nebraska Kansas Montana - .__ _ 36,968 36, 463 17, 643 226,115 37,300 127,166 752 1,601 355 3,635 3,710 4,123 30 1 37 481, 655 14,176 331,992 329, 690 428, 787 10, 233 23, 780 6,981 6,455 11, 676 132 2,699 1,124, 482 25, 244 53, 287 82, 577 68,889 62,234 33, 783 36, 086 114,239 60, 248 33, 335 35,922 263, 921 38,685 64,704 52, 467 4,784 1,635 473 464 1,812 1,094 1 032 378 1,182 7,899 2,348 869 874 1,535 2,804 5,246 1,724 401 10,254 790 3,902 2,183 21,965 2,463 628 200 947, 090 24,844 54,095 188, 706 112,339 ' 204,476 67,139 77,056 73, 285 85, 699 39, 656 10,430 6,387 11,460 5,314 3,729 8,830 10,146 3,133 31,479 8,493 7,845 8,467 6,088 7,288 2,039 1,424 848,356 59,429 32,136 26, 717 31,496 80,746 28, 765 4,647 4,244 5,956 9,641 2,509 4 35 76,295 14,318 28, 218 181, 060 13, 803 66,165 100 289 73 954 154 1,042 77,668 15, 767 28, 954 189, 557 15, 585 73, 047 18,068 39 379, 859 2,612 400, 578 41,628 9,391 117, 297 156 2,901 3,439 50 4,924 449 454, 561 341, 880 637, 899 7,069 58, 794 912 1, 601 4,235 80 21 500, 540 352, 922 764, 355 7,305 62,165 8,862 1, 500, 203 6,849 1,687, 287 32, 003 21,141 24, 263 10, 303 10,466 14,435 6 517 10, 574 3,056 20,996 10,257 27,243 25, 769 1,628 74 807 551 949 3,814 141 3,035 593 5,306 55 46 357 81, 795 46, 267 28, 961 43, 605 15, 327 33,641 26 845 15,430 14,165 25,000 13,559 24,142 26,970 108 240 59 1,218 88 755 102 43 45 694 144 367 29 115, 534 67, 722 54, 090 55, 677 26, 830 52, 645 33 605 29, 082 17, 859 51, 996 24,015 51, 798 53,125 1,031, 799 217, 023 17, 356 231, 579 128, 290 225,191 81, 662 87, 233 89, 802 98, 537 44, 222 56, 846 46, 492 74, 758 26,989 47,820 84,973 73, 812 13,387 4,587 986, 516 425, 077 89 107 96 297 238 39,540 33,880 39,891 96, 573 36,456 33,197 24,144 30,981 30, 602 12, 500 54 8 10 12 69 2 10 599 37, 802 38,142 18 175 230, 482 41, 012 131, 898 68 62 111 1,439 497, 511 34, 525 657 15,406 40 1,525 8,939 38 148 84 193 1 5 1,813 780 9,925 2 34 375, 499 339,191 474, 926 10, 236 26, 688 10, 542 431 12, 554 1,226, 540 171, 373 61 20 9 7 5 9 37 2 13 36 5 10 11 112 102 34 61 80 1,186 80 17 159 684 1,421 137 3 89,069 73, 650 67,996 36,062 38, 384 126, 782 62 187 38, 623 39,459 294, 762 44,922 66, 348 53, 555 1,469 225 4,076 352 230 3 132 1 53 39 35 15 20 3 24 3 559 1,032 1,264 727 110 393 497 5 73,123 829 192 2,665 2,807 2,136 5,669 4,933 1 2 206 218 11 2 3 1 2 8 200 23 989 257 111 44 59 165 572 1,273 1,160 659 7,508 1,628 5,840 395, 707 3,892 633, 978 * 111, 753 56, 694 120, 904 110, 687 77, 757 56,417 38,088 8,540 661 404 1,844 675 401 571 515 195 173, 106, 198, 138, 126, 143, 112, 22, 12,887 580,840 5, 266 1,024, 070 1,207 165 88 219 170 9,832 7,257 4,485 8,491 11,227 420 628 42 395 2,442 44,656 32,194 35, 596 89, 707 26,339 4,560 3,405 1,465 317 832 1,870 282 156.. 820 995 971 668 810 831 697 278 TABLE 51.—Classification of deposits in national banks at date of each report during year ended September 28, 1925—Continued SEPTEMBER 28, 1925—Continued fin thousands of dollars] Time deposits Demand deposits Cities, States, and Territories CertifiState Individual cates of or deposits deposit other subject to due in municicheck less than pal 30 days deposits Deposit subject to notice of less than 30 days Dividends unpaid Other demand deposits Total Certificates of deposit due on or after 30 days State and other municipal deposits Other time deposits Postal savings deposits Total # COUNTRY BANKS—continued Wyoming Colorado _ New Mexico Oklahoma Total Western States. _ Washington... Oregon. California Idaho Utah Nevada Arizona. Total Pacific States __ Alaska (nonmember banks) The Territory of Hawaii (nonmember banks) 16,855 42,024 11,525 109,203 1,249 3,893 903 4,878 4,034 5,016 3,164 20,646 35 379,467 37,920 51,070 473 49,434 37,137 142, 778 21,617 2,833 6,767 12,398 1,595 3,594 3,899 1,751 198 323 177 12,555 6,245 20,041 4,450 270 755 1,376 19 18 100 383 272,964 11,537 45,692 520 2,001 2,071 11 188 27 491 518 1 7 121 105 12 366 22,259 51,041 15,604 135,135 4,981 12,888 2,700 24,426 82 471 165 3,743 18 1,431 470,379 176,419 1 17 15 214 66 504 6 38 13 45 63,818 47,077 167,337 28,207 3,340 7,859 13,996 8,248 7,946 10, 502 5,383 982 444 1,361 886 331, 634 34,866 1 2,040 2,750 79 154 3 1 1 35 6,547 16,922 1,749 11,817 1,084 643 269 654 12,694 30,924 4,883 40,640 6,310 78,327 6,577 267,633 1,017 199 5,825 127 69 6 919 35,949 14,387 83,497 8,006 3,032 5,372 5,084 2,247 557 919 1,438 41 188 293 47,461 23,089 100,743 14,954 4,124 6,010 7,657 8,162 155, 327 5,683 204,038 840 340 177 2 1,096 496 1,180 179 1,592 4,072 199 4,760 233 Total country banks 4, 058,086 173,349 277,853 13,895 1,012 24, 974 4, 549,169 1,043, 059 53, 616 3,091, 443 31, 058 4,219,178 Total United States 9,594,679 235,471 475,835 21,176 3,650 96,733 10,427, 544 1, 281,839 114,398 4,529, 595 68, 542 5, 994,374 Total (nonmember banks) __ __ 8 o 3 n REPORT OF THE COMPTROLLER OF THE CURRENCY 293 TABLE NO. 52.—Cash in vaults of national banks at date of each report during year ended September 28, 1925 DECEMBER 31, 1924 [In thousands of dollars] Paper curSilver and rency (other Gold Gold coin certificates minor coin than gold Total cash certificates) Banks in— CENTRAL RESERVE CITIES New York Chicago , Total central reserve cities___ OTHER RESERVE CITIES Boston. - . . . _ „._ 755 1,725 7,505 4,058 1,962 1,373 25,369 10,478 35, 593 17,634 2,480 11,565 3,335 35,847 53, 227 137 26 26 20 215 169 65 86 18 47 17 11 10 27 50 28 53 35 128 7 3 17 4 10 36 18 51 3 423 96 67 10 55 101 27 19 2 49 43 21 44 55 30 17 47 12 14 43 93 287 372 13 360 767 10 1,668 6 36 45 14 8 548 86 174 63 1,144 618 201 240 89 128 96 55 41 141 106 136 34 166 184 94 16 73 26 82 136 181 151 13 254 157 70 168 88 264 305 201 15 114 41 78 144 83 228 79 179 27 53 49 11 294 43 42 147 146 443 100 254 579 67 356 57 8,311 1, 209 1,755 922 12,329 6,729 2,471 3,353 889 1,269 901 723 639 1,247 375 1,168 588 1,905 1,927 489 98 882 389 378 2,483 927 2,505 264 4,320 2,052 832 1,263 898 2,436 2,098 1,698 201 1,112 312 776 1,387 715 2,486 499 1,595 251 342 602 103 3,099 616 361 787 1,109 2,195 468 1,223 4,118 472 2,806 226 284 2 71 7, 533 810 1,183 826 10, 610 5,175 2,195 1,359 776 1,058 743 643 580 1,079 218 1,002 473 1,679 1,538 371 75 756 344 271 2,225 718 2,190 248 3,073 1,446 640 580 568 1,751 1,640 1,452 146 683 143 484 1,110 521 2,176 402 1,333 196 272 505 85 1,460 326 266 680 802 1,650 356 905 2,916 343 2,278 137 185 Total other reserve cities 4,660 7,990 10,129 78,088 100, 867 Total all reserve cities 7,140 19,555 13,464 113,935 154,094 Albany Brooklyn and Bronx Buffalo Philadelphia _-. Pittsburgh Baltimore - - Washington. _ Richmond Atlanta Jacksonville Birmingham New Orleans Dallas El Paso Fort Worth Galveston Houston San Antonio. _ _ Waco Little Rock Louisville Memphis Nashville Cincinnati— _ Cleveland Columbus Toledo Indianapolis Chicago Peoria Detroit -Grand Rapids Milwaukee. M inneapolis St. Paul Cedar Rapids Des Moines Dubuque Si out City Kansas City, Mo St Joseph St. Louis _Lincoln Omaha Kansas City, Kans Topeka Wichita Helena Denver _ _,. „ Pueblo Muskogee Oklahoma City Tulsa Seattle Spokane Portland Los Angeles Oakland San Francisco Ogden Salt Lake City_ . _ __ _- - -._ - -. - - .- . - -,__ ,..»-. , .- - ---- - _ _ _ 5 1,078 157 6 40 14 86 10 60 537 52 65 32 26 i Includes items reported as clearing-house certificates. 1 2 28 25 77 17 4 36 15 15 86 110 113 570 353 55 505 187 320 126 26 38 266 85 193 89 56 52 1 36 16 3 5 2 267 90 47 20 147 16 2 4 86 10 107 294 REPORT OF THE COMPTROI^LER OF THE CURRENCY TABLE NO. 52.—Cash in vaults of national banks at date of each report during year ended September 28, 1925—Continued DECEMBER 31, 1924—Continued [In thousands of dollars] Paper cur- Gold Silver and rency (other Gold coin certificates minor coin than gold Total cash Banks in— certificates) COUNTRY BANKS Maine New Hampshire Vermont . M assachusetts Rhode Island Connecticut Total New England States New York New Jersey Pennsylvania Delaware Maryland Total Eastern States ___ _ _ Virginia. . . West Virginia North Carolina South Carolina Georgia Florida _. Alabama Mississippi Louisiana > Texas Arkansas Kentucky Tennessee ^ Total Southern States Ohio __Indiana Illinois Michigan _ _ _ _ Wisconsin Minnesota _ ,. Iowa Missouri Total Middle Western States North Dakota South Dakota . . Nebraska . Kansas Montana. Wyoming Colorado New Mexico Oklahoma 131 439 2,051 1,977 1,154 12,903 2,016 7,212 1,490 1,976 22,937 27,313 3,792 3,128 2,464 27 1,519 1,243 2,939 66 17,761 17,282 33,949 581 1,880 63 402 73 206 388 34 897 910 582 667 99 50 180* 185 107 *934 1,728 1,635 947 11,179 1,778 - 5,670 80 58 50 95 217 175 11,868 12,244 26,790 462 1,393 3,126 9,628 5,942 52, 757 71,453 295 167 121 45 111 92 260 37 47 410 87 221 215 343 203 137 73 34 153 162 71 16 173 106 271 338 621 307 442 331 313 275 407 187 170 1,693 300 336 331 5,052 3,713 3,674 2,376 2,204 3,297 3,227 1,357 1, 713 9,900 1,937 2,683 3,241 6,311 4,390 4,374 2,825 2,662 3,817 4,056 1,652 1,946 12,176 2,430 3,511 4,125 2,108 2,080 5,713 44,374 54,275 451 485 663 335 322 427 438 200 795 1,305 1,639 1,017 1,031 331 925 140 1,230 876 1,202 513 590 845 846 342 10,762 6,627 8,830 3,942 3,730 4,247 3,314 1,451 13,238 9,293 12,334 5,807 5,673 5,850 5,523 2,133 3,321 7,183 6,444 42,903 59,851 83 68 159 246 148 125 387 344 367 272 336 2,257 2,036 1 911 3,970 2,802 1,998 3 010 1,756 26 127 85 256 !305 194 423 706 34 167 1,541 1,476 1,260 2,656 2,233 1,635 2,050 34 266 140 914 4,603 5,950 1,285 1,623 3,780 18,236 24,924 341 393 445 75 37 47 64 32 51 78 36 2 7 17 539 414 1,198 299 34 75 231 2,330 1,733 5,358 1,038 122 439 922 3,242 2,591 7,079 1 448 195 568 1,234 > 1,402 223 2,790 11,942 16,357 Alaska (nonmember banks) The Territory of Hawaii (nonmember banks) „_. 68 5 11 vn 255 53 983 1,044 1,154 194,303 308,238 1,299 255,472 409,566 Total Western States Washington Oregon California - Idaho Utah Nevada Arizona Total Pacific States Total (nonmember banks) Total country banks Total United States 137 .84 281 8 76 5 64 12,228 19,368 22,232 41, 787 26,709 40,173 i Includes items reported as clearing-house certificates. 782 990 BEPORT OF THE COMPTROLLER OF THE CURRENCY 295 TABLE N O . 52.—^Cash in vaults of national banks at date of each report during year ended September 28, 1925—Continued APRIL 6, 1925 [In thousands of dollars] Paper cur- Gold Silver and rency (other Gold coin certificates minor coin than gold Total caste Banks in— certificates) CENTRAL RESERVE CITIES New York Chicago Total central reserve cities 535 615 1,150 6,868 2,680 9,548 11, 576 90 18 24 15 146 142 55 68 16 30 23 19 6 30 85 354 225 49 334 242 5 1,737 13 35 26 8 22 2 3 1 22 465 83 116 63 808 524 162 199 62 103 88 59 69 114 86 119 49 141 157 115 21 81 35 72 150 66 114 20 214 174 65 93 73 222 236 173 18 101 36 64 142 69 186 78 14JT 15 3d 82 9 241 32 35 133 115 376 110 248 493 69 383 62 50 2,844 21,910 9,516 31,426 30,88§ 14,07t 44,968 6,053 965 1,116 739 7,241 6,024 1 928 1,481 731 913 666 530 520 1 385 6,693 1 42$ 1,481 861 OTHER RESERVE CITIES Boston Albany Brooklyn and Bronx Buffalo Philadelphia Pittsburgh Baltimore Washington _ Richmond Atlanta _ .. Jacksonville __ Birmingham New Orleans.. _ Dallas El Paso Fort Worth Galveston _ Houston San Antonio.>_ __ . . Waco . ... Little Rock _ Louisville Memphis Nashville Cincinnati Cleveland Columbus Toledo Indianapolis Chicago _ ._ Peoria Detroit Grand Rapids Milwaukee Minneapolis St. Paul Cedar Rapids Des Moines . __ Dubuque Sioux City Kansas City, Mo St. Joseph St. Louis „ Lincoln Omaha. _ Kansas City, Kans__ _ . Topeka. Wichita Helena _ .. Denver. Pueblo Muskogee _. ._ Oklahoma City Tulsa Seattle.. . . Spokane. Portland Los Angeles _ Oakland _ San Francisco _ ... __ 51 __ _. . 29 58 40 156 13 4 21 6 12 69 26 78 6 463 98 77 14 45 58 33 22 58 9 9 61 23 4 145 218 93 137 333 36 675 128 259 22 22 5 68 40 212 16 67 161 ' 25 35 71 15 47 23 73 45 32 1 53 14 7 21 2 277 91 39 18 125 73 22 17 49 16 15 48 5 __ 31 1,118 120 5 8 125 604 12 54 39 31 4 14 75 17 38 265 847 361 1 663 1,463 315 64 680 290 469 1,577 723 1,938 173 2,044 1,148 597 616 608 1,719 1,614 1 288 254 658 139 493 1,137 371 1,689 289 6*932 2 15® 3| 485 822 1 08i 803 616 m 1'405 531 996 490 l|834 452 98 833 354 557 1,911 1 033 2,223 19f 2,858 1,753 77S 1,398 864 2,258 1 90S 1 50S 317 1,03? 258 743 1,387 556 1,922 385 1,186 106 319 375 1,431 151 37? 526 74 1,472 327 213 3,108 57® 551 700 1,750 330 1,160 2,586 408 2,263 749 963 2,221 452 1,547 3,758 506 2,738 104 244 205 326 90 292 Ogden. _ Salt Lake City Total other reserve cities 4,695 6,865 8,697 69,952 90,209 Total all reserve cities. _. 5,845 16,413 11,541 101,378 135,177 i Includes items reported as clearing-house certificates. 67746°—26t- -20 1 296 KBPORT OF THE COMPTROLLER OF THE CTURRESFCY TABLE. N O . 52.—Cash in vaults of national banks at date of each report during pear ended September 28y 19%5—Continued A P R I L 6, 1925—Continued [In thousands of dollars] Paper curSilver and rency (other Gold Gold coin certificates minor coin than gold Total cash certificates) Banks in— COrETOSfTRY B A N K S Main®Vermont Massachusetts Rhode Island . . . . Connecticut Total New England States New York , New Jersey ^_. _ - __ _ -_ PennsylvaniaDelaware _ . „ . Maryland Total Eastern States.. - • . Indiana .,.-» Illinois Miehigan Wisconsin ;.» Minnesota Iowa _. Missouri .... Total Middle Western States North Dakota.. South Dakota Nebraska Kansas Montana Wyoming Colorado . N e w Mexico Oklahoma --- _ . . _ _. „ Total Western States^ 47,998 93 236 183 2,354 534 292 379 262285 250" 373 153 1681,764 264 333 294 5, 351 4,343 3,488 2-,887 1,848 1,855 3,290 2, 514 1,107 1,379 8; 378 1,488 2; 482 2,373 37,430 10; 787 1,923 3r24S 3,07:9 4f6,976 543 S4G 773 384 384 454 475 2$2 3>765 652 1,117 1,538. 726 933 331 1,063 171 6,531 1,053 756 1,146 447 504 754 811 265 b; 736- 8, 922 5,892 7*478 2,, 981 2,883 3,882 3,825 1,273 ; 37,136 11,170 8,305 10,935 4,538 4 704 5,421 6,174 1,921 53,168 81 187 147 124 23 305 385 325338 6422592-16 374 124 848- 2 139 1,940 1,891 3,65d 2 537 1, 561 2 788 1,610 3,511 1 486 1,394 1,260 2,380 2 ©23 1,165 1 843 784 3,447 i 15,782 431 378 1,135 265 27 78 193 1,861 1V488 4^336 803 102 357 654 2,640 2. 298 ass 116 91 . 27 43 67 ; 27 2 2 21 : M 004 31,571 4101,64© 64,902 5,583 4,134 3,561 2,240 3,808 3,324 1,355 4,779 22,259 1,179 161 481 950 1', 4Q7 189 % 507 9,604 13,707 80 3 17 186 285 80 297 380 3 Total (nonmember banks) Total United States 5, 074 352 159 137 77 35 164 158 42 28 183 80 197 229 % 841 460 81 30 44 82 Alaska (nonmember banks) The Territory of Hawaii (nonmember banks) .._ Total comtfiTr terafcs 11^072 10*612 24,841 311 1,162 1,356 Washington Oregon. _. . . __.._ California 1 ..„ . . Idaho Utah---- . . . . . Nevada __„ ._ Arizona _ „ Total Pacific States. ! 1,655 5,413 2,072 1,942 933 11 486 1,870 6, 513 24,. 8M 21*332 74. 169 27/7 139 89 309 39 179 _ 1 1,525 $54 195 158 53 125 104 27/9 53 39 » 1,783 1,613 744" 1,259 1,047 2,568 49 151 130 3y5H Virginia _ _ West Virginia _ North Carolina South Carolina. . . . ___ _ _.Georgia - Florida . ... _ Alabama Mississippi m . . . Louisiana , Texas .» .__ Arkansas Kentucky Tennessee _ _ ~ Total Southern States, 148 166 91 1667 110 343 3,184 2,707 2,186 26 216 8,319 7/53; 638 1,926 . __«..-~- Oiiio 58 57 37 243 39 540 974 106 ftl 392 66 217 925 83 3 97 483 666 13,401 19, 467 23,801 169, 825 226,494 19, 246 35,880 35,342 271, 203 361,671 1 Includes items reported as clearing-house certificates. BEPOET OF THE COMPTKOLLEE OF THE CURRENCY 297 TABLE N O . 52.—Cash in vaults of national banks at date of each report during year ended September 28, 1925—Continued JUNE 30, 1925 [In thousands of dollars] Gold StandGold certifiard coin cates silver dollars Banks in-~ Federal Subsidiary Silver Legal Na- reserve and silver certifi- tender tional Federal Total and cash bank minor cates notes notes reserve bank coin notes CENTRAL RESERVE CITIES New York Chicago,-. Total central reserve caties. 8 77 85 11,536 1,296 2,832 2,075 742 2,635 1,395 1,923 697 2,817 4,030 2, £20 521 95 191 76 SOO 512 179 229 105 468 126 142 86 1,219 312 346 347 94 111 79 24 29 182 9 70 38 156 178 37 13 54 44 62 207 42 138 11 252 99 105 96 63 180 110 151 15 76 24 39 158 42 194 22 75 10 31 19 1,158 93 108 486 322 144 92 566 1,026 303 635 541 128 785 355 795 83 50 40 157 53 229 169 76 85 11 88 28 58 82 9 386 109 42 51 212 39 2 19 209 16 101 2 2 9,671 8 1 2 1 94 42 8 8 3 15 10 5 6 20 25 18 22 23 76 24 1 21 3 9 13 5 24 1 50 5 10 5 6 45 185 81 11 45 12 32 29 35 12 21 57 5 28 61 6 105 16 16 38 54 164 42 51 193 32 126 24 23 2,113 2 3 134 19 32 26 138 29 10 13 187 17 48 1 2 5, 210 21,438 2,198 424 232 7,357 4,410 656 11,767 12,157 3,464 15,621 28,115 12,313 40,428 OTHEB BESEBVE CITIES Boston „ Albany Brooklyn and Bronx . Buffalo Philadelphia Pittsburgh- v _ Baltimore . Washington RichmondAtlanta „ . . Jacksonville Birniingh&m New Orleans Dallas _ El Paso Fort Worth Galveston _San Antonio. . Waco Little Rock __ __ Louisville.. Memphis Nashville 80 14 16 10 168 148 57 17 31 23 16 3 36 36 33 66 44 113 15 .. _ Cleveland.. Columbus.*.-.. . Toledo Indianapolis.. Chicago _ Peoria. . _ Detroit . Grand Rapids Milwaukee-. Minneapolis St. PauL _ Cedar Rapids . Des Moines Dubuque Sioux City Sansas City, Mo.. _ St. Joseph St. Louis Lincoln Omaha Kansas City, Kans Topeka Wichita. - Helena . . . Denver Pueblo jMuskogee.. Oklahoma City Tulsa Seattle . _ Spokane _ Portland Los Angeles _ Oakland _. San Francisco Ogden Salt Lake City Total other reserve cities- Total all reserve cities 1 7 19 5 11 49 8 49 10 380 89 80 12 54 77 24 21 5 44 17 24 42 76 15 24 59 14 48 37 6 1,005 136 7 53 29 56 8 186 658 34 39 25 25 4,554 615 251 228 67 474 237 29 1,369 12 24 67 40 4 16 2 24 21 28 97 5 9 73 36 17 118 49 112 101 99 60 44 129 69 78 44 139 121 71 9 54 43 77 159 66 95 12 Iffi 156 54 146 66 184 115 51 22 51 28 37 115 *43 187 50 121 17 54 43 3 147 19 33 77 78 222 71 144 272 78 140 37 42 7,247 10,079 Includes items reported as clearing-house certificates. 48 13 35 47 152 38 8 17 166 5 49 5 5 6,975 9,792 543 463 111 298 64 62 115 85 10 69 4 18 27 32 29 78 22 65 52 35 210 87 221 20 149 108 55 78 22 106 58 85 10 63 27 22 73 21 154 16 83 11 20 27 5, 982 10,012 221 395 107 241 9 548 57 356 250 603 745 154 12 117 34 157 471 161 488 57 622 251 152 148 129 395 352 191 87 186 61 148 179 130 372 67 246 51 163 65 35 512 132 63 156 97 195 181 101 562 65 382 62 57 14,826 2,711 472 674 487 4,980 2,755 1,191 747 372 265 280 201 507 510 197 327 157 569 571 81 12 263 97 90 781 370 938 45 737 375 140 157 172 431 977 739 70 185 34 124 765 193 1,000 205 764 50 136 218 34 1,147 109 78 246 361 1,403 196 857 1,606 184 1,562 27 103 35,985 17,446 51,606 6,047 1,374 1,505 825 8,844 5,495 2,224 3,178 888 1,004 780 672 612 1,510 399 924 625 1,594 1,930 465 85 666 314 458 2,008 788 2,065 156 2,991 1,624 724 1,427 867 2,213 1,904 1,369 260 807 256 655 1,530 616 2,019 416 1,493 186 538 542 98 3,484 553 306 694 1,121 2,146 518 1,388 3,853 431 2,447 183 259 87,353 127, 781 298 REPORT OF THE COMPTROLLER OF THE CURRENCY TABLE N O . 52.—Cash in vaults of national banks at date of each report during year ended September 28, 1925—Continued JUNE 30, 1925—Continued [In thousands of dollars] Banks in— Federal Subsidiary Silver Legal Na- reserve and Gold StandGold certifitional ard silver certifiTotal bank Federal coin cates silver and cates tender reserve cash notes notes dollars minor bank coin notes COUNTRY BANES Maine 81 New Hampshire . . _. . 107 62 Vermont 365 M assachusetts Rhode Island _ _ 99 200 Connecticut. Total New England States. 914 736 New York 694 New Jersey . 2,022 Pennsylvania „ 24 Delaware 117 Maryland.. .__ 3,593 Total Eastern States 366 Virginia _ 196 West Virginia 172 North Carolina :__ 65 South Carolina.. 124 Georgia . 105 Florida 277 Alabama..! __ 54 Mississippi 60 Louisiana 480 Texas.. „ _. 89 Arkansas... Kentucky... 234 202 Tennessee 2,424 Total Southern States 576 Ohio 560 Indiana 762 Illinois . 400 Michigan 372 Wisconsin Minnesota _.. _ . 461 486 Iowa .. 219 Missouri Total Middle Western 3,836 States North Dakota83 75 South Dakota 183 Nebraska 280 Kansas 135 Montana 98 Wyoming 310 Colorado.. . _. 37 New Mexico 185 Oklahoma.^ 1,386 Total Western States 326 Washington _. 399 Oregon 453 California 86 Idaho 28 Utah. 45 Nevada 82 Arizona 1,419 Total Pacific States... 73 Alaska (nonmember banks) The Territory of Hawaii (non2 member banks) 75 Total (nonmember banks). 13,647 Total country banks.. 18,857 Total United States 6 11 9 30 2 11 144 163 83 i 786 137 400 167 197 99 865 140 581 135 197 74 1,139 191 474 486 359 270 1,511 265 895 69 65 43 300 3 8 1,713 1,299 1,100 12,299 53 154 2,049 1,549 1,530 2,956 44 299 2,210 1,077 1,126 2,170 51 122 3,786 419 4,905 582 285 342 281 264 256 314 162 123 1,381 193 301 305 4,789 977 627 939 380 365 452 503 190 6,378 75 31 103 36 48 27 85 40 57 540 72 58 82 1,254 155 178 236 71 136 311 332 106 4,546 351 234 240 109 196 519 288 200 89 354 223 277 256 3,336 1,036 555 911 455 266 300 312 162 10, 587 227 292 163 487 138 98 316 38 429 1,525 4,433 4,695 146 134 156 295 129 102 168 65 275 209 178 205 1407 156 102 197 73 580 57 69 73 204 46 26 58 22 316 2,188 65 91 221 35 3 22 31 468 1,470 218 138 359 101 13 45 87 961 2,107 268 241 785 147 16 40 99 1,596 871 3 9 13 1 14 4 23 5,721 171 166 116 1,424 239 1,240 3,356 4,864 3,949 3,205 41 220 12,279 420 195 159 94 66 518 195 71 35 241 178 227 185 2,584 861 1,789 2,684 1,575 1,514 583 1,375 206 31,466 52,904 7,919 i Includes items reported as clearing-house certificates. 825 739 314 5,772 889 2,293 10,832 2,015 1,939 1,027 11,892 1,962 6,094 2,550 1,971 6,261 57 279 11,118 1,665 1,113 1,123 806 678 717 1,059 231 325 4,188 487 1,138 1,142 14, 672 4,968 5,303 11,193 191 461 22,116 17,108 15,716 30,406 464 1,660 65,354 1,460 1,205 1,102 655 571 2,197 695 400 622 2,721 407 689 842 13, 666 3,049 1,981 2,604 1,006 1,005 1,299 1,359 542 4,200 1,731 2,479 1,453 1,131 1,848 1, 111 478 5,527 3,606 3,608 2,270 2,180 4,716 3,222 1,305 1,469 10, 735 1,852 3,227 3,386 47,103 12, 017 8,208 11,731 5,768 5,166 5,541 5,846 2,072 3,997 61 89 64 260 45 42 142 29 253 12,845 4,853 502 492 1,283 227 44 101 208 2,857 12 56,349 1,712 1,793 1,909 3,809 2, 716 1,387 3,049 944 4,573 21,892 400 1 985 38 33 260 27 1 11 15 385 2 14, 431 502 614 486 986 1,828 623 1,252 422 1,319 8,032 1,828 959 2,947 541 53 248 628 7,204 3,296 2,386 6,570 1,186 161 518 1,173 15,290 167 280 2 28 20 32 608 347 367 224 233 377 309 147 158 830 203 303 372 4,478 1,163 787 1,116 428 377 287 368 169 51 33 262 22 3 6 23 30 3 43 19, 586 18, 874 29,665, 28,666 30 15, 489 25,501 427 342 579 890 239 296 606 258 1,216 50,163 67,609 530 24,929 627 697 907 76,878 231,824 128,484 359, 605 REPORT OF THE COMPTROLLER OP THE CURRENCY 299 TABLE N O . 52.—Cash in vaults of national banks at date of each report during year ended September £8, 1925—Continued S E P T E M B E K 28, 1925 [In thousands of dollars] United Silver and States and Gold coin minor coin bank currency Banks in—• Total cash CENTRAL RESERVE CITIES New York Chicago 703 213 1,574 1,137 25,582 9,229 27,859 10,579 916 2,711 34,811 38,438 77 19 21 11 180 157 57 64 8 403 75 176 58 763 527 144 198 108 4, 663 1,066 1,013 897 7,271 5,309 1, 665 2,997 721 114 88 41 -- 5 29 59 155 908 779 615 5,143 1,160 1,210 966 8,214 5,993 1,866 3,249 837 1,053 465 1,434 529 1,618 64 - __ 37 64 117 46 266 262 801 532 380 955 648 - Total central reserve cities OTHER RESERVE CITIES Boston Albanv - _ Brooklyn and Bronx Buffalo PhiladelDhia Pittsburgh Baltimore Washington Richmond Atlanta _ Jacksonville Birmingham _ New Orleans Dallas El Paso Fort Worth Gal veston Houston San Antonio Waco Little Rock Louisville Memphis Nashville Cincinnati Cleveland Columbus Toledo Indianapolis Chicago .- _« - __ -- - - -- - - ,8 -- - - - -- -- - - Peoria _ __ Detroit Grand Rapids _ Milwaukee [Minneapolis St Paul -- Cedar Rapids Df"3 IVfoines Dubuque Sioux Citv - - 70 38 113 12 - - 31 25 18 - -- - - -- Kansas City, Mo - --- --- - -- - 77 39 78 168 70 72 10 390 81 29 7 38 80 32 19 11 51 22 23 149 31 213 153 61 144 84 253 302 162 17 69 41 84 €6 Kansas City, Kans Tonpkft Wichita -'- - - - Pueblo Oklahoma City Tulsa -- Seattle Portland Los Ancreles -- ; - -- San Francisco Ogden Salt Lake City -- - - -- 13 19 6 15 71 17 37 71 18 27 St Louis 234 128 94 741 386 569 2,086 924 2,029 179 220 2,455 1,481 3,058 1,715 1,232 1,383 1,734 1,616 1,196 2,067 1,950 1,377 550 790 287 687 184 718 640 912 315 807 247 825 1,414 503 1,544 1,586 111 178 331 469 23 99 39 150 104 14 285 41 56 10 274 695 6 39 13 25 383 127 241 452 71 407 33 81 8 49 34 73 645 342 476 1,847 837 1,808 1,906 2,153 541 135 66 182 12 49 7 1,039 1,602 1,806 401 892 674 49 147 111 640 1,744 1,255 117 528 1,499 441 72 152 676 584 93 2,428 3,752 308 653 1,035 1,739 1,180 2,178 1,345 2,833 1,860 3,980 2,252 2,698 417 346 406 104 195 608 365 849 483 483 150 301 Total other reserve cities 4,740 9,312 74,610 88,662 Total all reserve cities 5,656 12, 023 109, 421 127,100 300 EEP0RT OF THE COMPTROLLER OF THE TABLE N O . 52.-—Cash in vaults of national bunks at date of each report dwing year ended September 28, 1925—Continued SEPTEMBER 28, 192S—CoEtmued [In thousands of dollars] United Silver and States and Gold coin minor bank coin Banks in— currency Total cash COUNTET BANKS Maine__ New Hampshire Vermont . ___ Massachusetts Rhode Island Connecticut-- ._. „ „. - 86 111 63 - „ 369 90 221 Total New England States New York New Jersey Pennsylvania Delaware „ Maryland _. . _ _ _ - . . «-^_^ _ _, ^ Total Eastern States Virginia.. West Virginia North Carolina South Carolina Georgia-. « Florida Alabama » . - _ _ . . _. « _ . . -_ _ „ . _ Mississippi Louisiana Texas _ - Arkansas __ Kentucky _ _.__ _ _ Illinois „ __ . North Dakota.South Dakota Nebraska Kansas Montana Wyoming _ Colorado New Mexico „Oklahoma _ _ _ , ,_ . - Oregon _ _ California _ Idaho Utah _ Nevada Arizona Total Pacific States „ Alaska (nonmeniber banks) . The Territory of Hawaii (nonmember banks) Total (nonmember banks) Total country banks Total United States 24,373 14',48S 30,717 124 3,681 5,450 54,938 V595 #4,069 382 204 164 71 133 106 280 55 66 239 203 586 308 403 402 311 292 358 191 180 1,770 285 362 350 4,595 3,592 3,050 2,247 2,015 4,047 3,196 1,520 1,546 10,465 2,002 2,695 2,873 M63 4,184 3,617 2,720 2,419 4,445 3,834 1,766 1,792 12,737 2,372 3,296 3,426 2,490 5,798 43,843 52,131 583 1,088 719 1,204 498 5Q8 733 832 374 9,954 6,486 10,076 4,813 4,201 4,132 4,413 1,744 11,625 7,773 12,089 S,737 5,956' 45,819 55,698 l t 207 1,460 1,328 2,902 2,171 1,188 2,315 1 848 1 889 3 891 2,567 1,444 3 012 54 193 336 304 373 690 257 158 388 114 893 4,337 5,423 1,449 3>513 17,643 22,605 345 394 444 93 2,366 1,591 5,149 963 3,156 2 381 6, 671 I 272 28 23 61 445 396 1,078 216 30 59 164 121 319 850 1,075 1,388 2,388 11,359 15,135 71 2 24 88 169 576 264 666 139 98 309 Total Western States Washington— 21,974 14, €66 12,660 25,992 328 1,292 85 84 188 299 ._ ... ., _ ~ 1,979 972 11,596 1,846 6,251 1, 759 3,923 . 10,465 1,628 5,613 1,408 1,145 2,666 52 179 479 457 212 _. _ 2,029 789 684 2,059 25 568 809 426 389 __ __ «. Michigan __ __ __ . Wisconsin Minnesota _ _ Iowa Missouri Total Middle Western States-- 1,774 1,689 940 502 85 „ . Tennessee Total Southern Stages Ohio. Indiana.- - 169 179 104 762 128 417 735 m 5 344 5,702 2,330 903 179 401 73 112 745 930 13,944 24,976 196, 321 235, 241 19,600 36,999 305, 742 362,341 TABLE NO. 53.—Circulation of national banks at date of each report during year ended September 28, 1925 {In thousands of dollars] Dec. 31,1924 Banks in— June 30, 1925 Apr. 6, 192£ Received from On hand Comp* troller Sept. 28,1925 Received from OutComp- On hand standing troller Received from On hand Comptroller Received from On hand Comptroller Outstanding 40,685 2,850 801 7 39,884 2,843 27,706 950 804 8 26,902 942 28,579 950 399 6 28,180 944 29,001 950 431 15 28,570 935 43,535 808 42,727 28,656 812 27,844 29,529 405 29,124 29,951 446 29, 505 4,949 1,850 1,050 2,300 6,857 28,265 5,511 5,173 1,577 2,700 1,902 1,650 1,520 4,508 755 2,000 1,355 3,600 4,050 '. 1,300 . 200 1 4,180 200 2,470 7,708 4,600 3,330 500 6,337 a, 198 80 168 10 41 80 726 62 76 4,869 1,682 1,040 2,259 6,777 22,539 5,449 5,097 1,577 2,662 1,877 1,624 1,504 4,476 755 1,981 1,336 3,565 3,980 1,242 196 4,145 200 2,456 7,694 4,584 3,317 488 6,315 2,189 2,300 1,750 850 2,300 6,782 12,450 5,511 4,573 1,151 2,500 1,460 1,650 1.520 4,105 755 2,000 1,355 3,500 3,000 1,700 200 3,610 200 2.630 5, 828 3,600 3,005 500 5,178 1,810 11 68 1 51 65 210 133 82 19 39 26 4 15 28 12 31 41 44 32 28 2,289 1,882 849 2,249 6,717 12,240 5,378 4,491 1,132 2,461 1,434 1,646 1,505 4.077 743 1,969 1,314 3,456 2,968 1,672 200 3,610 199 2, 623 5,817 3,539 2,994 492 5,178 1,792 3,510 1,750 850 2,300 6,835 12,450 5,710 4,523 1,151 2,500 1,460 1,650 1,520 4,005 755 2,000 1,355 3.600 2,500 1,700 200 3,610 200 2,630 5,837 3,600 3,005 £00 5,028 1,810 47 108 9 91 168 225 116 97 3,463 1,642 841 2,209 6,667 12,225 5,594 4,426 1,151 2,442 1,460 1,613 1,499 3,974 745 1,981 1,320 3,521 2,475 1,690 200 3,605 200 2,600 5,821 3,487 2,992 482 4,937 1,802 3,185 1,750 850 2,300 6,907 13,400 5,810 4,523 1,151 2,500 1,460 1, 650 1,520 4,755 755 2,000 1,355 3,600 2,500 1,700 200 3,610 200 2, 630 5,837 3,600 3,005 500 5,028 1,810 43 72 9 32 102 133 150 74 2 53 29 38 19 42 3,142 1,678 841 2,268 6,805 13,267 5,660 4,449 1,149 2,447 1,431 1.612 1,501 4,713 755 1,991 1,336 3, 550 2,471 1,687 200 3,606 200 2,610 5,810 3,532 2,972 482 4,983 1,801 Outstanding Outstanding CENTRAL RESERVE CITIES New York. Chicago __ _ ._ Total central reserve cities OTSER RESERVE CITIES Boston AlbanyBrooklyn and Bronx Buffalo.. ._ _ Philadelphia Pittsburgh. Baltimore Washington Richmond Atlanta Jacksonville Birmingham. New Orleans Ballas El Paso Port Worth _ Galveston . Houston San Antonio Waco Xfittle Rock . Louisville Memphis Nashville Cincinnati Cleveland Columbus Toledo. . Indianapolis Chicago _ _ __ _ __ _ __ __ . __ r , „ .... 38 25 26 16 32 19 19 35 70 58 4 15 14 14 16 13 12 22 9 1 7 11 61 11 8 18 58 37 21 31 10 19 35 79 25 10 5 30 16 113 13 18 91 8 9 19 50 29 13 4 20 27 68 33 18 45 9 TABLE N O . 53.—Circulation of national banks at date of each report during year ended September 28, CO 1925—Continued o to [In thousands of dollars] Dec. 31,1924 Banks at— Apr. 6,192*> June 30,1925 [ Sept. 28,1925 Received Received Received Received Outfrom Outfrom from OutOutfrom Comp- On hand standing Comp- On hand standing Comp- On hand standing Comp- On hand standing troller troller troller troller OTHER RESERVE CITIES—continued Pebria Detroit Grand Rapids Milwaukee Minneapolis. >. St Paul Cedar Rapids . ._ Des Moines _. Dubuaue Sioux City ... Kansas City, Mo . St. Joseph __ St. Louis Lincoln Omaha - Kansas City, Kans Topeka Wichita Helena Denver Pueblo Muskogee Oklahoma City Tulsa Seattle Spokane Portland Los Angeles Oakland San Francisco Ogden _Salt Lake C i t y . . . _. _ .. _ _ __ _. _ - . - -- - -- Total other reserve cities Total all reserve cities .- .. 1,850 1,277 2,000 3 730 3,615 810 1,000 755 400 1,020 1,838 844 10,168 571 1,200 800 600 36 1,814 1,277 2,000 3 722 3,538 803 986 755 400 1,011 1,815 836 10,142 567 1,200 788 591 1,850 1,132 2*000 3 430 2,741 600 1,000 556 400 1,075 1,624 520 9,624 570 1,200 800 600 131 21 46 1 36 300 896 393 842 591 738 3,357 2,475 160 5,994 979 9,204 774 1,814 200 930 400 775 300 738 3,357 2,600 110 6,125 1,000 9,250 775 1,330 170,861 2,224 168,637 145,385 1,632 214,396 3,032 ^211,364 174,041 2,444 300 900 400 850 600 738 3,357 2,503 160 6,125 1,000 9,250 775 1,850 g 77 7 14 9 23 8 26 4 12 9 4 7 8 9 28 24 32 31 2 13 28 12 2 9 78 2 5 12 6 4I 3 1 23 156 15 91 7 18 1,830 1,132 2,000 3,541 2,648 588 972 553 396 1,064 1,098 50 9,449 565 1,190 793 593 1,845 1,132 1,953 3,521 2,706 599 967 553 396 1,070 1,444 513 9,499 566 1,194 796 597 1,850 1,132 2,000 3,555 2,741 600 1,000 556 400 1,075 1,100 520 9,623 571 1,200 800 600 89 10 13 200 930 397 771 295 733 3,356 2,606 160 6,012 1,100 9,161 765 1,037 200 830 400 750 300 750 3,357 2,650 160 6,125 1,100 9,250 675 1,050 143,753 ' 146,027 2,089 143,938 147,011 1,835 145,176 171,597 2,494 173,062 176,962 2,281 174,681 1^826 1,100 1,969 3 430 2,739 587 972 556 400 1,063 1,622 511 9,546 568 1,195 788 594 1,850 1,132 2,000 3 555 2,741 600 1,000 556 400 1,075 1,449 520 9,624 571 1,200 800 600 200 930 399 771 300 735 3,356 2,577 110 5,969 985 9,159 768 1,312 200 930 400 775 300 738 3,357 2,650 160 6,125 1,100 9,250 775 1,050 175, 556 5 47 34 35 .1 33 3 4 5 5 7 125 5 6 4 3 3 4 5 5 1 44 113 20 14 93 12 28 3 4 11 2 14 174 6 10 7 7 11 10 1 1 19 118 11 110 7 200 819 390 750 300 749 3,356 2,631 160 6,007 1,089 9,140 668 1,050 COUNTEY BANKS Maine New Hampshire Vermont Massachusetts Rhode Island Connecticut -- — Total New England States... New York New Jersey Pennsylvania Delaware Maryland. _. *_ Total Eastern States Virginia West Virginia North Carolina South Carolina. Georgia Florida... Alabama Mississippi Louisiana Texas. ____ Arkansas Kentucky... Tennessee _. _ Total Southern States Ohio Indiana Illinois Michigan Wisconsin Minnesota Iowa Missouri i Total Middle Western States North Dakota South Dakota Nebraska Kansas Montana - 5,900 4,893 4,375 18,395 4,773 12,113 72 48 30 248 82 142 5,828 4,845 4,345 18,147 4,691 11, 971 5,710 4,693 4,369 17,102 4,772 10,333 132 61 51 248 62 350 5,578 4,632 4,318 16,854 4,710 9,983 5,710 4,692 4, 349 17,067 5,172 9,923 140 41 50 277 71 224 5, 570 4,651 4,299 16, 790 5,101 9,699 5,710 4,693 4,349 16,817 5,272 9,888 119 62 60 344 107 195 5,591 4,631 4,289 16, 473 5,165 9,693 50,449 622 49,827 46,979 904 46,075 46, 918 803 46,110 46,729 887 45, 842 35,178 21,028 65,749 1,153 4,012 399 288 623 22 29 34,779 20,740 65,126 1,131 3,983 33,869 21,207 63,064 1,153 4,062 485 355 800 16 52 33,384 20,852 62,264 1,137 4,010 32,941 21,096 63,102 1,153 3,960 439 494 1,011 29 49 32, 502 20,602 62,091 1,124 3,911 32,802 21, 251 63,114 1,153 3,936 602 431 955 24 36 32, 200 20,820 62,159 1,129 3,900 127,120 1,361 125, 759 123, 355 1,708 121, 647 122, 252 2,022 120,230 122, 256 2,048 120, 208 19,618 10,682 9,703 7,314 7,045 4,030 8,753 2,969 2,693 25,054 3,926 12, 302 10, 574 120 98 114 87 41 48 72 40 27 271 22 78 47 19,498 10,584 9,589 7,227 7,004 3,982 8,681 2,929 2,666 24,783 3,904 12,224 10, 527 18, 733 10,477 9,667 6,738 6,092 3,859 7,659 2,929 2,618 24,180 3,591 12, 325 10,503 182 138 144 144 57 72 78 37 47 306 40 136 74 18, 551 10, 339 9,523 6, 594 6,035 3,787 7,581 2,892 2,571 23,874 3,551 12,189 10,429 18, 727 10,427 9,633 6,632 5,912 3,810 7,709 2,954 2,618 24,125 3,591 12,315 10,433 134 168 143 171 77 31 122 34 41 196 34 69 46 18, 593 10, 259 9,490 6,461 5,835 3,779 7,587 2,920 2,577 23,929 3,557 12, 246 10,387 18,897 10,427 9,633 6,849 5,822 4,024 7,784 2,979 2,769 23,740 3, 591 12, 374 10, 433 182 138 101 89 62 105 126 47 33 235 27 147 99 18, 715 10,289 9,532 6,760 5,760 3,919 7,658 2, 932 2,736 23, 505 3,564 12,227 10, 334 124, 663 1,065 123, 598 119, 371 1,455 117,916 118,886 1,266 117, 620 119,322 1,391 117, 931 29,993 21,138 27,234 10,842 11, 733 11,919 15,699 5,829 235 153 207 141 74 79 101 26 29,758 20,985 27,027 10, 701 11,659 11,840 15, 598 5,803 28, 631 20,355 26, 260 10,689 11,040 11, 618 14,801 •5,384 344 215 284 201 116 116 128 45 28,287 20,140 25, 976 10,488 10,924 11, 502 14, 673 5,339 28,431 20,359 26,199 10, 726 10,940 11,538 14,867 5,454 387 222 307 174 101 69 109 26 28,044 20,137 25,892 10, 552 10,839 11,469 14, 758 5,428 28, 554 20,323 26,262 10,855 10,990 11, 392 14,647 5,754 448 231 268 238 103 97 99 42 28,106 20,092 25,994 10,617 10,887 11,295 14, 548 5,712 134,387 1,016 133, 371 128,778 1,449 127, 329 128,514 1,395 127,119 128, 777 1,526 127, 251 4,492 3,528 6,822 9,062 2,648 24 16 37 61 16 4,468 3, 512 6,785 9,001 2,632 4,390 2,955 6,716 8,641 2,292 53 16 54 67 17 4,337 2,939 6,662 8,574 2,275 4,345 2,898 6,724 8,626 2,292 26 19 50 58 6 4, 319 2,879 6,674 8,568 2,286 4,244 2,839 6,594 8,616 2,267 52 27 48 67 17 4,192 2,812 6,546 8,549 2,250 TABLE NO. 53.—Circulation of national banks at date of each report during year ended September 28, 1925—Continued [Iii thousands of dollars] Dec. 31,1924 Received from OutComp- On hand standing troller Banks in— Sept. 28,1925 June 30, 1925 Apr. 6, 1925 Received Received Received Out* from from from OutGomp- On hand standing Comp- On hand standing Comp- On hand standing trollei* troller troller o COUNTRY BANES—continued Wyoming Colorado.. New Mexico Oklahoma. Totai Western States Washington Oregon California Idaho ._ Utah Nevada Arizona. . ^ Total Pacific States. Alaska (nonmember banks) The Territory of Hawaii (nonmember banks) 1,849 4,624 i 844 7,479 18 33 9 60 1,831 4,591 1,335 7,419 1,749 4,247 1,345 6,899 21 37 16 64 1,728 4,210 1,329 6,835 1,749 4,225 1,120 6,762 11 25 7 36 1,738 4,200 1,113 6,726 1,749 3,952 IS 41 6/584 68 3', 911 1,112 6,616 41,848 274 41,574 39,234 345 38>889 38,741 238 38,503 37,964 345 37,619 3,1303 3,626 16,563 % 712 595 1,229 922 112 35 207 3,514 3,325 14,295 2,374 595 1,204 570 55 36 203 44 6 24 3 3,459 3,289 14,092 2^0 50 36 201 41 6 6 3 3, 615 1,180 567 3,490 3,225 14,210 2,399 595 1,204 570 3,440 3,189 14,009 1ii 3,491 3,591 16,356 2^79 588 1,218 '586 1,198 567 14,085 2,339 545 1,204 670 31 160 30 7 12 6 3, 5€0 3,0S9 13,925 2,309 538 1,192 564 29,250 410 28,840 25,877 371 25,506 25,693 343 25,350 25,488 301 25,18? 63 450 2 61 450 63 450 12 13 437 63 450 13 50 450 62 450 2 8 60 442 5 513 2 5ii 513 25 488 513 13 500 m 10 502 Total country banks 508, 230 4,750 503,480 484,107 6,257 477, S50 481,512 6,080 4?5,432 481,048 6,508 474,540 Total United States 722, 626 7,782 714,844 658,148 8,701 649,447 657,068 8,574 648,494 658,010 8,789 649,221 Total (nonmember banks) . o o © •a TABLE NO. 54,—Gold, silvery coin certificates} legal tenders, and other currency held by national banks at date of each report from January IS,1914, to September 28, 1925 [For prior years see annual report 1920] [In thousands of dollars] Date Jan. 1 3 Mar. 4_. June 30.. Sept. 12.. Oct. 31... Dec. 3 1 Mar. 4J_ May l._ June 23_. Sept. 2__ Nov. 10. Dec. 31._ Mar. 7_. May 1-.. June 30.. Sept. 12.. Nov. 17. Dec. 27.. 1914 1915 1916 Gold coin Gold Treasury certificates United Clearing cerhouse cer- States tificates tificates for gold (sec. 5192) deposited 1 Silver dollar Silver Treasury Fractional2 Legal-tencertificates silver coin der notes Total lawful money n o 153,386 153,438 149, 295 156, 234 162, 564 124,484 314,810 333, 612 321, 729 308, 005 315, 862 200,179 79,413 87, 933 84, 326 73,906 44,196 45,150 55, 670 54,875 38,820 39, 230 19,255 15,180 14V 536 14,293 12,692 12,810 14,009 148,197 126, 321 129,824 128,445 128,450 109,210 24,354 22,184 21, 605 19, 677 20,430 23, 544 201,429 176, 373 177,490 157, 508 172, 301 128,371 981,919 968, 067 969, 075 903, 707 925, 553 663, 228 124,191 117, 611 121,173 119,950 127,118 118,416 205,095 224, 056 276, 046 327, 673 349, 984 295,410 64,848 70,932 74,059 64,569 59, 568 83,964 45,935 61,910 63,115 56,170 51,605 54,960 13, 514 12,001 12,427 12,094 11,473 11, 778 115> 736 100, 544 110> 529 118, 528 111, 074 103,860 22,534 20,195 21,192 20, 860 20, 975 21, 375 127, 091 128, 000 111, 240 122, 765 114,978 118,117 718, 944 735, 249 789, 781 842, 609 846, 775 807,880 119,897 117,114 117,199 122, 079 127, 599 120,396 310, 064 281,170 284, 089 286, 418 320, 574 310, 627 87, 749 78,801 66,971 77, 546 65,623 67, 259 56,170 44,365 40, 735 43, 684 41,738 38,636 11,897 11, 737 11, 812 11, 762 11,991 13,083 101,293 109, 365 98,505 100, 664 97, 921 104,600 21, 710 21, 013 21,168 124,833 113,890 117, 524 105,101 101, 496 108,847 833, 613 777,455 758, 003 763,123 788, 344 785,946 97,240 102, 612 105, 336 23, 378 23, 9S0 23, 738 107,994 103, 828 105,147 (*) (4) 813,992 763, 329 661, 833 493, 609 516,120 532,126 1917 67, 315 18,025 343, 784 118,433 42,823 Mar. 5 . . 59, 746 13, 339 37, 270 116,897 305, 597 May 1_._ 55,985 16,695 13, 434 116, 983 224, 515 June 20.. 5 6,697 39, 445 79, 549 Sept. 11. (4) 5 15, 431 42,007 70,002 Nov. 20. 13,661 5 45,122 61, 560 Dec. 31.. 1 Beginning Sept. 11,1917, included with gold Treasury certificates. 2 Beginning Dec. 31,1914, includes minor coin. 3 Beginning Sept. 11,1917, includes all United States paper currency and bank notes except on the dates when shown 4 Included with paper currency on these dates. 6 Fractional silver and minor coin included with silver dollars on these dates. Paper currency% 21,402 22,498 under the respective headings. 367, 918 388, 680 411, 783 o o N w o p m o 3 TABLE N O . 54.—Gold, silver, coin certificates, legal tenders, and other currency held by national banks at date of each report from 18, 1914, to September 28, 1925—Continued January [For prior years see annual report 1920] [In thousands of dollars] Bate Mar. 4 . . May 10. June 29.. Aug. 31. Nov. 1.Dec. 31.. Mar. 4 . . May 12.. June 30— Sept. 12. Nov. 17. Dec. 31.. Feb. 28.. May 4... June 30.. Sept. 8 . . Nov. 15. Dec. 29.. Feb. 21... Apr. 28... June 30.. Sept. 6... Dec. 31.. Mar. 10. May 5 . . . June 30.. Sept. 15. Dec. 29.. 1918 1919 1920 1921 1922 Gold coin 52,394 44,202 34, 261 30,417 27,671 24,725 25,590 25,348 25,893 25,130 24,336 21,236 22,234 22,357 21,532 22, 516 23,510 21,745 21,433 21,183 20,819 19,360 20,347 20,851 20,7.62 19,054 United Clearing States Gold cercerTreasury house tificates tificates certificates (sec. for gold 5192) deposited 58,348 (4) 42,910 (44) ( ) 34,467 8 28,201 (4) () 27,259 (4) Silver Treasury certificates Paper Fractional Legal-tensilver coin der notes currency 12,359 12,098 11,639 11,884 11,530 11,425 «41,653 «43, 759 11,170 «37, 978 * 42, 521 12,110 74,850 (4) 53,317 (44) () 59,781 28,581 (68) () 32,073 11,229 11,151 10,940 10,872 10,859 10,878 «46, 018 «43, 515 11, 025 8 43, 358 «43, 473 8 45,431 () 42,564 (4) 31,328 (*8) () 10,862 10,836 9,865 8,858 9,658 3,813 »40,839 8 43, 215 10,424 * 42, 350 6 44, 003 «47, 991 () 30,917 8 8 8 33,193 («) 34,300 (4) () 31,331 () 26,957 * 43, 880 « 43, 735 9,099 * 36, 790 •36,949 () 22,951 19,333 17,389 17,013 17,520 18,359 17, 269 15,044 Silver dollar 25 12 5 7 108 »36,182 « 35,153 7,771 «34,341 «37,265 (*) (4) 39,034 (4) (4) 45,104 () CO 8 24,195 (4) 8 23,012 (4) () 27,114 8 24,421 (4) Total lawful money 210,115 363, 435 161, 789 283, 857 362,106 302,378 449, 719 463,494 382, 701 364,136 443,828 522,063 353, 002 375, 355 359, 851 371, 373 431,060 435,839 455, 369 424,455 439, 211 450, 041 508,605 302, 816 379,875 282, 861 397, 822 370, 866 421, 910 376,751 456,283 450, 351 471, 546 448,037 494,400 332,138 337,035 238,.561 280, 801 268,104 397,773 402, 223 374,349 357, 798 341,811 262,498 260, 968 205,061 259, 572 320, 369 336,065 334, 504 326,181 331, 951 391,840 00 O 1923 Apr. 3 June 30 Sept. 14 Dec. 31 _ \ Mar. 31 June 30 Oct. 10.-_ Dec. 31 1924 1925 Apr. 6 June 30 Sept. 28 4 . Included with paper currency. 19,995 19,811 20,070 18,169 16,903 19, 308 20,422 23,787 19,121 19,253 19,678 19,368 27,095 37,484 37,288 41,787 19,246 18,857 19,600 35,880 52,904 182 56 55 5 «34, 868 6,910 « 35,975 «39, 002 () 23,004 (4) () 25, 598 (s) 21,272 (*) () 26,662 () 28,277 23,879 50 35, 629 7,254 35, 293 * 40,123 8 «35,334 7,919 (0 8 () 29,640 (5) 0) 287,199 I 175,149 I 284, 963 305.465 I 359,147 291,108 361,485 386,428 <) 0) (4) 261,119 202,372 267, 776 342,969 345, 219 360,101 409,566 () 271,203 196,093 305,742 361,671 359,605 362,341 0) 25, 501 (4) 1 o M * Fractional silver and minor coin included with silver dollars on these dates. a o a O o TABLE NO. 55.—Specie held by national banks in the city of New York at date of each report from January 18, 1914, to September 28, 1925 [For prior years see annual report 1920] [In thousands of dollars] Date Jan. 13 Mar. 4 June 30 Sept. 12 Oct. 31 Dec. 31 Mar 4 May 1 June 23 Sept.2._ Nov. 10 Dec. 31 1914 _ _ _ 1915 ..„_ 1916 Mar. 7... May 1___ June30._ Sept. 12....._ Nov. 17 Dec. 27 __. _ _ 1917 Mar. 5 May 1... June 20 Sept. 11 Nov. 20 Dec. 31 Mar. 4____ May 10. June 29 Aug. 31 Nov.! Dec. 31 1918 .. Gold ClearingGold Treasury house Treasury ceritficates certificates certificates payable (sec. 5192) to order Silver dollars Silver Treasury certificates Fractional silver coin Paper currency n 135,709 158,776 142,616 112,464 128,981 85,791 17,420 26,740 31,940 17,100 17,420 8,410 44, 055 52, 830 60, 545 46, 910 39, 390 20,020 50, 674 37, 111 39, 413 47, 321 52, 534 41,318 1,358 1,230 1,218 1,142 1,172 1,233 254,099 282,971 281,229 229,950 245,087 162,037 4,501 4,125 3,970 7,095 82,110 101,105 145,144 190,450 209,547 154,263 31, 580 48, 000 50,150 42,960 38,370 39,890 41,950 49, 230 53, 270 43, 090 41, 890 64,370 47,898 36,371 37, 302 49, 432 38,009 33,167 1,054 1,109 1,057 1,138 1,551 1,275 209,138 239,989 290,945 333,222 338,876 300,101 6,004 6,361 6,422 4,324 5,966 5,199 162,042 127,628 140,655 124,877 156,330 148,326 65,740 60, 770 49, 880 63,210 48,090 53,070 25,902 31, 205 25,904 26,104 22,976 23, 545 1,243 1,284 1,382 1,454 1,455 1,411 300,493 258,646 250,902 238,162 262,140 256,671 6,957 5,655 5,384 177,507 136,178 64,078 1,343 1,672 1,659 64,421 69,702 67,513 282,710 234,541 142,890 72,845 86,214 86,174 22.638 69,802 24,022 47> 922 54,795 37,273 70,178 76,046 66,191 63,324 70,144 76,678 2,218 2,367 1,990 2,153 2,246 1,745 0) 0) 0) 15,448 0) 14,988 C1) 0) 13,820 31,360 28,150 27,280 25,070 28,540 22,980 r° 8 46,370 45, 050 42, 370 3,400 11, 270 11,010 48 47 46 * 3,741 2 2,029 2 4,572 22,946 22,959 24,603 11,360 11,150 10,855 11,220 10j 800 10,800 21,854 2 2,727 21 * 2,029 2 2,303 49 16, 660 O 00 Total 4,834 6,229 5,444 4,953 5,532 5,208 3,123 30^9 __ __ Gold coin O5 w 8 K H I 9 o j 0) 12, 593 0) 0) 11,422 1,722 ~I~569" 1919 Mar 4 M a y 12 June 30 Sept. 12 Nov. 17 Dec. 31 „.,,.•, - 1920 Feb. 28 - Feb 21 Apr 28 June 30 Sept 6 Dec. 31 Mar. 10 May 5 June 30 Sept. 15 Dec. 29 Apr. 3 June 30 Sept; 14 Dec 31 Mar. 31 June 30 Get 10 Dec 31 Apr. 6 June 30 Sept. 28 1. 289 „,... June 30 Sept. 8 Nov 15 Dec. 29 . „--1921 1923 - _ . 1924 _,„- _, 1925 __ _ * Included with paper currency. 1 C ) 11,910 (0 0) \ 3 () 0) 0) 0) C1) (0 (1 (1) 13,186 h (3 C1) 0) 0) (i (i (l ) 0) 0) s 12, 503 10,359 8,763 2 2,175 2 2,084 60 2 2,060 2 2, 528 2 2,330 10, $00 10,800 10, 803 10,800 10,800 10,800 10,800 10,800 9,814 8,800 9,630 3,800 21,993 2,152 2 43 2 2,424 2 2,496 2 3,052 2 2,069 2 2,537 17 1 , 516 2 1,791 (3) 2 (3 21,789 2 1,825 936 642 614 621 689 7,218 6,328 6,383 6,401 (3) (3j 471 429 426 755 6,757 8,282 8,922 7,507 (3) (3) (3) 535 424 6,868 7,357 (3) 703 3 (i) 8,677 8,653 8,576 8,106 5,003 942 999 764 729 „„- _ 1,162 ,134 ,296 930 ]1,430 1,141 L, 103 I. 053 945 934 - 1922 1.981 l) 872 1,860 1,770 1,556 1,322 h 18 (3 (3 21,701 2 1,801 (3 21,420 11 1,606 2 1,495 2 2 1,381 5 7 21,479 2 1,962 4 21,572 8 2 1 , 574 4 (1) Includes fractional silver and minor coin. 3 1,504 52,389 54,158 29,322 52,865 55,430 62,057 67,345 68,914 64,843 67,495 70,314 76,509 2,319 47,096 50, 601 36, 661 59,438 53,498 58,702 61,178 64,715 68,965 71,958 67, 554 66,984 1,758 47,119 52,710 31,989 33,194 33,424 50,329 56,350 53,093 46,014 44,912 1,690 33,091 31,442 25,539 28,068 31,214 44,499 42,919 40,351 38,604 38,954 1/314 23,901 14,793 19,109 21,834 33,181 25,698 27,719 30,419 1,570 19,618 15,092 19,450 25,369 28, 227 28,070 30,277 35, 593 1,532 21,910 16,715 25,582 30,889 28,115 27,859 0m 9,384 0) 0) (*) h5,808 C1) 0) 0) 0) 0) 5,773 C1) (l3,764 ) 8 0) * 2,638 0) 0) 2,685 0) (i) 2,075 Included with gold Treasury certificates. N O T E . Beginning with reports for Sept. 11, 1917, national bank notes, legal tender notes, Federal reserve notes, and Federal reserve bank notes not included in previous clasei» fication of specie, are now included in paper currency and total. Paper currency includes all United States paper currency and bank notes except on the dates when shown under the respective headings. Fractional silver coin includes minor coin beginning Dec. 31,1914. OO O ZQ 310 REPORT OF THE COMPTROLLER OF THE CURRENCY TABLE N6. 56.—Reserve held by national banks at date of each report from September 11, 1917, to September 28, 1925 [In thousands of dollars] Date Sept. 11,1917... Nov. 20, 1917... Dec. 31,1917.... Mar. 4,1918.... May 10,1918—. June 29,1918—. Aug. 31,1918—. Nov. 1,1918.... Dec. 31,1918.... Mar. 4,1919.... May 12, 1919. _. June 30,1919—. Sept. 12,1919... Nov. 17,1919... Dec. 31,1919.... Feb. 28,1920—. May 4,1920.... June 30,1920... Sept. 8,1920-... Nov. 15,1920... Dec. 29, 1920— Feb. 21,1921.... Apr. 28, 1921... June 30, 1921... Sept. 6, 1921.... Dec. 31,1921... Mar. 10, 1922.. May 5, 1922 June 30, 1922... Sept. 15,1922... Dec. 29,1922... Apr. 3, 1923 June 30,1923— Sept. 14,1923.. Dec. 31,1923... Mar. 31,1924... June 30,1924— Oct. 10,1924-.. Dec. 31, 1924... Apr. 6, 1925 June 30, 1925— Sept. 28,1925.. Number of banks 7,638 7,656 7,662 7,670 7,688 7,705 7,728 7,754 7,767 7,761 7,773 7,785 7,821 7,865 7,890 7,933 7,990 8,030 8,093 8,123 8,130 8,143 8,152 8,154 8,155 8,169 8,197 8,230 8,249 8,240 8,225 8,229 8,241 8,239 8,184 8,115 8,085 8,074 8,049 8,016 8,072 8,085 Net amount on which reserve is computed 10,082,779 10,348,806 10,556, 545 10,462,409 10,310,417 10,127,916 10,456,659 10,767, 510 11,562, 483 11, 283, 710 11, 718, 095 11,576,140 12,274,272 12, 721,467 12,825,314 12,994,198 12,806,588 12, 727, 792 12,693, 655 12,493,179 12,078, 661 11,654,918 11,134,115 11,016,794 10,822,861 11,141, 891 11,271,100 11,471,231 11,816,544 12,051,224 12,349,018 12,221,916 12,186, 055 12, 277, 560 12,458,042 12,341,069 12,800,802 13,429, 246 13,881,648 13,516, 688 13, 774, 795 13,960, 502 Amount of reserve required 964,528 985,004 1,008,104 998,291 992,194 977,268 1,006,632 1,032, 256 1,113,142 1,074,164 1,121,319 1,107,719 1,170,205 1,204, 920 1,211,602 1,225,025 1,207,584 1,204, 501 1,193,947 1,172,175 1,138,132 1,093,956 1,045,687 1,038,195 1,015,469 1,056,976 1,069,126 1,090,215 1,124,026 1,136, 691 1,161, 292 1,132,927 1,129, 755 1,135,859 1,152, 295 1,145, 588 1,203, 824 1,265, 621 1,306,709 1,260, 747 1, 289,009 1,300,635 of amounts due from Amount due Federal refrom Federal serve banks reservel to amount banks on which reserve is computed 1,048,425 1,080,075 1,114, 081 1,074,211 1.106,862 1,131, 674 1,113,667 1,101,629 1,182, 608 1,151,145 1,180, 961 1,211,079 1,229, 533 1,264,482 1,314,302 1,288,169 1,267,823 1,247,096 1,232,039 1,220,152 1,187, 251 1,130,402 1,078,730 1,041, 760 1,031, 468 1,145,074 1,126, 793 1,152, 111 1,152,833 1, 233, 717 1,222, 464 1,181,428 1,144, 516 1,171, 274 1.182,863 1,162, 061 1,200, 250 1,305, 542 1,397, 532 1,275,496 1,329,081 1,326,534 10.40 10.44 10.55 10.27 10.74 11.17 10.65 10.23 10.23 10.20 10.08 10.46 10.02 9.94 10.25 9.91 9.90 9.80 9.71 9.77 9.83 9.70 9.69 9.46 9.53 10.28 9.91 10.04 9.76 10.24 9.90 9.67 9.39 9.54 9.49 9.42 9.38 9.72 10.07 9.44 9.65 9.50 * Includes cash in vault and due from approved reserve agents of nonmember national banks in Alaska and Hawaii. TABLE NO. 57.—Reserve computation of national banks at date of each report during year ended September 28, 1925 [In thousands of dollars] ( Dec. 31, 1924 Net amounts due from Net amount on which banks not reserve is included computed in reserve 1 calculation Banks in— New York. Chicago.. Amount of reserve required Apr. 6,1925 Amount of lawful reserve with Federal reserve banks Per cent to net amount on which reserve is computed Net amounts amount due from Net on which banks not reserve is included computed in reserve 1 calculation Amount of reserve required Amount of lawful reserve with Federal reserve banks Per cent to net amount on which reserve is computed CENTRAL RESERVE CITIES Total central reserve cities. 25,332 11W 2, 780,022 686,929 361,403 89,301 384,464 95,300 13.83 13.87 12. 740 904 2,497,192 644* 699 324,635 83,811 307,431 90,340 12. 31 14.01 26,446 3,466,951 450,704 479, 764 13.84 13,644 3,141,891 408,446 397,771 12. 66 5,621 476,352 58,828 46,001 38,912 490,873 325,592 95,398 82,476 50,201 53,295 33,801 25,449 29,423 78,174 14,465 47,241 19,215 79,425 29,348 12,623 5,340 57,029 10,025 28,948 77,101 47,635 5,883 4,600 3,891 49,087 32, 559 9,540 5,248 5,020 5,329 3,380 2,545 2,942 7,817 1,447 4,724 1,922 7,942 2,935 1,262 534 5,703 1,003 2,895 7,710 53,015 5,983 4,530 4,049 51,787 32,647 9,526 8,254 5,174 5,645 3,380 2,190 2,718 8,320 1,549 5,066 1,658 9,177 3,294 1,270 536 5,925 1,032 2,977 8,617 11.13 10.17 9.85 10.41 10.55 10.03 9.99 10.01 10.31 10.59 10.00 8.61 9.24 10.64 10.71 10.72 8.63 11.55 11.22 10.06 10.04 10. 39 10.29 10.28 11.18 45, 536 6,793 4,222 3,944 40,875 34, 235 9,139 8,443 4,442 5,264 5,006 2,269 2,960 7,121 1,422 5,116 2,079 8,427 3,068 1,378 610 5,722 1,031 2,857 8,517 10. 03 10. 30 9.41 10.01 8.42 10.56 10.03 9.95 8.94 9.31 10.33 9.46 11.82 9.26 10.05 10.92 11. 55 10.88 10.20 10.93 9.89 9.63 10.80 9.97 10.48 OTHER RESERVE CITIES Boston Albany Brooklyn and Bronx Buffalo Philadelphia Pittsburgh Baltimore Washington Bichmond Atlanta Jacksonville Birmingham New Orleans Dallas E l Paso Fort Worth Galveston Houston San Antonio Waco. Little Rock Louisville Memphis Nashville Cincinnati 1,618 7,678 1,263 4,037 5,624 258 6,749 18 2,141 -. 749 1,781 1,373 1,854 1,099 1,455 384 754 461 443 2,327 1,118 1,893 454 1,887 4,973 24 5,475 1,6 284 1,359 722 424 1,049 990 197 4 482 1,536 453, 774 65,930 44,874 39,419 485, 733 324,249 91,103 84,859 49,663 56,552 48,446 23,984 25, 050 14,149 46,834 18,001 77,429 30,092 12,604 6,165 59,418 9,550 28,661 81,280 45,377 6,593 4,488 3,942 48, 573 32,425 9,110 8,486 4,967 5,655 4,845 2,398 2,505 7,693 1,415 4,683 1,800 7,743 3,009 1,261 616 5,942 955 2,866 8,128 1 This amount represents the net amount due from banks as shown by the reports of those banks whose balances due from exceed the balances due to banks and must be deducted from the amount in the second column in order to prove the apparent amount of liabilities upon which reserve is required* Certified cheeks and eashier'g cheeks are now included with amount due to banks in the reserve calculation. CO CO TABLE NO. 57.—Reserve computation of national banks at date of each report during year ended September 28, 1925—Continued to [In thousands of dollars] Dec. 31,1924 Net amounts amount due from Net on which banks not reserve is included computed in reserve calculation Banks in— Amount of reserve required Apr. 6,1925 Amount of lawful reserve with Federal reserve banks Per cent to net amount on which reserve is computed Net amounts amount due from Net on which banks not reserve is included computed in reserve calculation Amount of reserve required Amount of lawful reserve with Federal reserve banks Per cent to net amount on which reserve is computed OTHER RESERVE CITIES—continued Cleveland Columbus ___ Toledo Indianapolis Chicago Peoria... Detroit Grand Rapids Milwaukee Minneapolis St. Paul Cedar Rapids Des Moines Dubuque I Sioux City Kansas City, Mo St. Joseph St. Loilis__ Lincoln .Omaha...... Kansas City, Kans Topeka Wichita Helena Penver Pueblo Muskogee Oklahoma City Tulsa Seattle . _ _ __ . 1,010 1,055 047 5,748 _. _.__ __ _. __. 1 / "". .. _ • _ '____ ._ Portland Los Angeles... Oakland 41,210 51,866 5,039 53,710 16,535 11,899 924 1,923 241 214 477 61 94 2,850 368 380 47 1,606 349 1,439 1,925 740 8,291 75 2,312 934 17,652 86,678 142,629 89,955 15,572 24,579 5,532 19,213 110,995 19,012 204,784 16,093 71,149 7,041 9,798 23,637 4,914 90,405 9, 662 9,214 39,001 46,474 72,066 20,464 55, 716 162,873 15,240 4,121 5,187 504 5,371 3,827 1,654 13,590 1,765 8,668 14,263 8,996 1,557 2,458 553 1,921 11,099 1,901 20,478 1,609 7,115 704 980 2,364 491 9,041 986 922 3,900 4,647 7,207 2,046 5,572 16,287 1,524 3,661 6,271 545 4,159 3,996 1,693 11,749 1,756 9,227 12,734 8,966 2,112 2,959 591 1,909 13,234 2,430 21,943 1,728 8,403 760 1,002 2,194 654 11,770 1,016 943 3,472 4,388 7,674 2,130 6,060 18,319 1,432 8.88 12.09 10.82 7.74 10.44 10.24 8.65 9.95 10.65 8.93 9.97 13.56 12.04 10.68 9.94 11.92 12.78 10.71 10.74 11.81 10.79 10.22 9.28 13.31 13.02 10.52 10.23 8.90 9.44 10.65 10.41 10.88 11.25 9.40 344 1,542 5,173 1,322 1,460 901 271 175 424 171 113 2,442 44 262 1,322 59 2,777 596 163 2,313 2,723 113 558 3,686 39 46,924 54,731 5,495 48,760 39,004 17,539 130,009 16,686 92,475 133,273 80,488 16,950 30,510 5,412 21,248 102,284 17,420 191,690 17,939 73,566 7,914 10,052 22,384 4,232 92,004 9,154 8,502 41,677 53,271 74,357 20,780 54,925 168,165 18, 335 4,692 6,473 560 4,876 3,900 1,764 13,001 1,669 9,247 13,327 8,049 1,695 3,051 641 2,125 10,229 1,742 19,169 1,794 7,357 792 1,005 2,238 423 9,200 915 850 4,168 5,327 7,436 2,078 5,492 16,816 1,834 4,593 5,882 872 3,882 3,963 1,807 13,845 1,707 9,290 12,801 8,460 1,573 2,431 570 2,180 11,509 1,818 20,223 1,832 6,879 646 1,023 2,«82 412 9,950 993 829 3,782 5,503 8,060 2,145 5,377 16,75g 1,959 9.79 10.75 16.87 7.96 iai6 10.30 10.65 10.23 10.05 9.61 10.51 9.28 7.97 10.53 10.26 11.25 10.44 10.55 10.21 9.35 8.16 10.17 10.64 9.74 MX 81 10.85 9.75 9.07 10.33 10.84 10.32 9.79 9.97 10.68 San Francisco.., Ogden... Salt Lake City,. 3,105 251 88.0 186,990 6,101 23,155. 18,699 010 2,216 20, 688 644 2, 211 11.06 10.56 9,98 2, 434 150 465 175, 528 5,628 20,825 17, 553 563 2,082 Total other reserve eities_ 101,902 4,213,656. 421,366 443, 742 10 53 58,086 4,184, 885 418, 488 416, 67$ 9,95 Total all reserve cities 128,348 7,680,607 872,070 923,506 12.02 71, 730 7,326, 776 826, 984 814,450 11.12 5,871 2,376 1,858. 12,426 3,160 16,153 65,324 42,217 29,072 294,707 46,009 160,758 4,573 2,955 2,035 20,629 3,221 11,253 4,813 3,464 2,318 21,298 3,314 10,8.06 7,37 a 21 7,97 7.23 7. 20. 6,72 4,270 2,137 1,533 8,922 1,864 10,018 66, 292 40, 522 27, 611 288, 855 44,990 15Q, 119 4,640 2, 837 1,933 20,220 3,149 10,928 4,727 3,198 2,033 20,37Q 3,318 11,081 7.13 7.89 7.36 7.05 7.37 7.10 41,844 638,087 44,666. 46,013 7.21 28,744 624, 389 43,707 44,727 7.16 35,381 28, 899 67,2.45 984 3,410 544,097 470,026 788,921 13,068 51,211 38,087 32,902 55,224 915 3,585 41,19$ 7.57 7.98 7.60 9.31 7. 54 35,292 21, 586 65,684 419 3,641 554,113 455, 704 788,087 50,849 38, 788 31,899 55,166 848 3, 559 41 287 33 163 59,408 889 3,805 7.45 7.28 7.54 7.34 7.49 135,919 1,867,323 130, 713 143, 749 7.70 126,622 1,860,864 130,26Q 138, 552 7.45 10,418 6,709 8,918 7,669 6,135 11,664 12,255 5,991 5,383 67, 675 10,942 10,474 6,195 140,908 105, $08 99,2§3 65,&12 49,776 79,227 73,027 46,153 47,493 311,978 54, 621 93,977 74, 705 9,864 7,407 6,950 4,572 3,484 5,546 5,112 3,231 3, 325 21,838 3,823 6,578 5,229 10,910 8,359 8,053 5,291 4,029 6,089 5,897 3,621 3,381 24, 224 4,282 6,784 6,543 7.74 7.90 8.12 8.10 a 09 7.69 8,562 7,569 7,972 7, # 7 5,422 22,368 a os H , 432 7.85 7.12 7.76 7.84 7.22 8.76 5, 876 3,836 62, 251 9,926 10,152 6,616 136,674 106, 812 96, 522 61,299 47,546 111, 409 70, 887 46,841 46,187 310, 848 53, 073 93,309 75,915 9,567 7,477 6,757 4,291 3,328 7,799 4,962 3 f 279 3,233 21, 759 3,715 6,532 5,314 10,460 8,193 6,427 4,739 3,625 8,633 5,630 3,341 3,348 23, 650 3,982 7,092 6,022 7.65 7.67 6.66 7.73 7.62 7.75 7.94 7.13 7.25 7.61 7.50 7.60 7.93 170,428 1,242,273 86,959 97,468 7.85 169,409 1, 257,322 88,013 95,142 7.57 25, 615 14,781 31, 559 13, 587 16, 346 17, 576 16,407 5,835 292,198 176,653 305, 357 132, 216 138>694 160, 007 151, 862 54, 077 20,454 12,366 21, 375 9,255 ; 9,709 11, 201 10,630 3, 785 21,964 13,409 22, 795 9,763 9,891 11, 836 11,426 4,Q93 7.52 7.59 7.47 7.38 7.13 7.40 7.52 7. 57- 24, 729 11,980 32,865 14, 085 15, 970 13, 472 15, 231 4,074 295, 877 170, 274 317, 853 140, 493 150, 019 158,141 158, 722 51, 99.8 20,711 11, 919 22, 250 9,834 10, 501 11, 070 11, 111 3,640 21, 643 12,419 23,177 10, 506 11,096 11,879 11, 716 3,779 7.31 7.29 7.29 7.48 7.40 7.51 7.38 7.27 141, 7C6 1,411,064 105,177 7.45 132, 406 1,443, 377 101, 036 106, 215 7.36 COUNTRY BANKS Maine... New Hampshire. Vermont. Massachusetts Rhode Island Connecticut . Total New England States.. New York New Jersey.__ Pennsylvania. Delaware Maryland Total Eastern States. Virginia West Virginia... North Carolina. South Carolina.. Georgia Florida.... Alarms Mississippi^ Louisiana. Texas , Arkansas Kentucky Tennessee Total Southern States.. Ohio Indiana Illinois Michigan.. Wisconsin. _ Minnesota. Iowa Missouri... Total Middle Western States. i 98, 775 37, # 9 59,988 1,217 3,860 12, m 17, 630 . 577 2,060 10.04 10.25 9,89 TABLE N O . 57.—Reserve computation of national banks at date of each report during year ended September 28, 1925—Continued [In thousands of dollars] Dec. 31, 1024 Banks in— Apr. 6, 1925 Net amounts due from banks not included in reserve calculation Net amount on which reserve is computed Amount of reserve required 12,098 6,390 7,275 23,541 10, 951 12, 324 12, 445 4,008 44, 355 61,193 50,243 57,033 112,835 48,123 35,067 66,492 19,924 165,167 4,283 3,517 3,992 7,898 3,369 2,455 4,654 1,395 11,562 4,784 3,856 4,408 8,393 3,845 2,496 4,981 1,510 13,059 133,387 616, 077 43,125 10,323 6,821 21,160 6,711 2,161 1,568 2,991 79,165 54,595 211, 026 38, 380 6,955 10,182 18,839 5,541 3,822 14,772 2,686 487 713 1,319 51, 735 419,142 29,340 11 2,602 4,473 390 671 11 7,075 1,061 2 675,030 6,201, 041 803,378 13,881,648 Amount of lawful reserve with Federal reserve banks Per cent to net amount on which reserve is computed Net amounts amount due from Net on which banks not reserve is included computed in reserve calculation Amount of reserve required Amount of lawful reserve with Federal re-serve banks Per cent to net amount on which reserve is computed COUNTRY BANKS—continued North Dakota South Dakota Nebraska * Kansas Montana Wyoming Colorado New Mexico Oklahoma _ . . _ _ _ __ . . Total Westrn States Washington Oregon California Idaho.. Utah Nevada Arizona ._ Total Pacific States _ . __ Alaska (nonmember banks) Hawaii (nonmember banks) Total nonmember banks Total country hanks Total United States 3 _ 7.82 7,67 7.73 7.44 7.99 7.12 7.49 7.58 7.91 6,472 5,951 7,481 17,561 6,662 3, 251 12, 559 2,226 37, 975 59, 755 50,586 59, 659 109, 712 44,887 25, 404 65,980 18, 691 160,178 4,183 3,541 4,176 7,680 3,142 1,778 4,619 1,308 11, 213 4,524 3,789 4,594 8,194 3,455 1,983 4,885 1,387 12,127 7.57 7.49 7.70 7.47 7.70 7.81 7.40 7.42 7.57 47, 332 7.68 100,138 594, 852 41,640 44,938 7.55 5,941 4,065 15, 576 2,891 513 744 1,411 7.50 7.45 7.38 7.53 7.38 7.31 7.49 9,466 6,970 17,493 3,401 538 901 2,822 83,228 53, 951 200,797 31, 257 5,107 9,722 18, 553 5,826 3,777 14,056 2,188 357 680 1,299 6,081 3,934 14,599 2,271 393 696 1,276 7.31 7.29 7.27 7.27 7.70 7.16 6.88 31,141 7.43 41,591 402, 615 28,183 29,250 * 1,009 2 2,137 38.79 47. 78 8 419 2,619 3,874 393 581 696 2 1,526 26.58 39.39 3,146 44. 47 427 6,493 974 2 34. 22 434, 639 474,026 7.64 599,337 6,189, 912 433, 813 461, 046 7.45 1,306, 709 1, 397, 532 10.07 671,067 13, 516, 688 1,260,747 1,275,496 9.44 T h e cash in vault (exclusive of national-bank notes) and due from approved reserve agents. 2 2,222 7.27 Sept. 28,1925 June 30,1925 Banks in— Net amounts due from Net amount banks not on which included in reserve is reserve 1 computed calculation Amount of reserve required Amount of lawful reserve with Federal reserve banks Net amounts Per cent to due from Net amount net amount banks not on which on which included in reserve is reserve 1 computed reserve is computed calculation Amount of reserve required Amount of lawful reserve with Federal reserve banks Per cent to net amount on which reserve is computed CENTRAL RESERVE CITIES New York Chicago Total central reserve cities _. 24,745 1,183 2,620,743 668, 781 340,697 86,941 334,034 88,406 12.75 13.22 5,578 2,106 2,566,459 691,920 333,639 89,950 338,069 86,903 13.17 12.56 25,928 3,289, 524 427,638 422,440 12.84 7,684 3, 258,379 423,589 424,972 13.04 1,470 476, 233 47,623 48,436 10.17 1,544 465,664 46,566 45,986 9.88 OTHER RESERVE CITIES Boston - 56,747 5,675 4,799 8.37 8.46 3,541 72,326 7,233 6,057 Albany 44,842 4,484 4,560 9.83 104 10.17 203 44,175 4,417 4,343 Brooklyn and Bronx 42,614 4,261 4,139 7.73 9.71 1,266 3,100 50,247 5,025 3,886 Buffalo 49, 517 5,228 495,166 49,955 10.09 5,789 10,90 49,060 53,496 490,603 Philadelphia 32,274 11.20 482 322, 747 36,132 9.76 317,393 31, 739 30,975 Pittsburgh _ _. 330 9,534 1,520 95,339 10,715 11.24 7,641 8.08 1,949 9,455 94,547 Baltimore _ 82,076 8,208 8,269 7,979 9.93 3,159 10.07 2,569 8,032 80,321 Washington 57,324 5,732 5,671 4,488 9.17 9.89 104 4,895 93 48,950 Richmond _ 65,459 6,546 6,172 9.43 5,936 3,680 56,660 5,666 Atlanta 11.94 6,738 5,475 6,539 67,377 7,060 10.48 54,751 Jacksonville 23,654 2,365 8.62 9.75 2,306 2,258 1,946 2,013 2,594 22, 578 Birmingham _ 24, 730 2,473 2,121 2,474 2,672 9.26 8.58 26,724 New Orleans 85,626 8,563 8,397 7,839 10.12 405 9.81 7,935 932 78,390 Pallas 2,221 1,397 1,334 13,970 1,479 1,845 12.47 9.55 14, 793 943 El Paso 39, 592 3,959 4,494 3,816 11.12 225 9.64 4,040 40,397 Fort Worth 14,845 1,484 1,022 307 6 14,067 1,407 1,288 6.88 9.16 Galveston 75,495 10.94 738 7,550 8,261 7,489 7,618 10.17 74, 895 1,773 Houston - 2,944 3,086 1,407 29,443 10.48 28,964 3,231 11.16 1,521 2,896 San Antonio 1,092 1,015 385 10,150 10.76 1,118 1,258 11.26 11,177 446 Waco 4,609 461 11.22 609 517 341 6,104 9.98 236 611 Little Rock 244 9.52 56,149 5,615 5,347 4,672 8.25 804 5,661 56,608 Louisville 1,002 122 10,118 1,012 9.90 9,052 877 9.69 905 Memphis 394 29,885 2,989 2,887 13.08 3,988 9.66 3,048 296 30,480 Nashville 86,429 8,938 7,994 9.45 1,748 8,643 10.34 8,462 84, 618 1,723 Cincinnati 589 5,244 4,642 8.73 52,436 49, 835 8.85 4,349 4,983 1,978 Cleveland - -432 54,704 5,969 5,471 10.87 10.91 5,308 5,771 53,078 1,357 Columbus 1 This amount represents the net amount due from banks as shown by the reports of those banks whose balances due from exceed the balances due to banks and must be deducted from the amount in the second column in order to prove the apparent amount of liabilities upon which reserve is required. Certified checks and cashiers' checks are now included with amount due to banks in the reserve calculation. H H w Q o g 3 o cj a CO TABLE N O . 57,—Reserve computation of national banks at date of each report during year ended September 28, 1925—Continued [In thousands of dollars] Sept. 28,1925 June 30,1025 Net amounts due from Net amount banks not on which included m reserve is reserve computed calculation Banks in— Amount of reserve required amounts Amount; of Per cent to Net due from Net amount net amount banks lawful not on whieh reserve with on which included in reserve is Federal re* reserve is reserve computed serve hanks computed calculation Amount of reserve required Amount of Per cent to net amount lawful reserve with on which reserve. Is Federal reserve banks computed OTHER BESERVE CITIES—continued Toledo IndianapolisChicago.. _-_._ ..._. Peoria.. Petroit— Grand Rapids Milwaukee.._____ Minneapolis St. Paul Cedar Rapids. _ Peg Moines,_. ____ Dubuque ______ Sioux City Kansas City, Mo.. St. Joseph St. Louis.. Lincoln Omaha Kansas City, Kans__. Topeka .__ Wichita Helena Denver Pueblo Muskogee Oklahoma City Tulsa. Seattle 140 ~5~27Q" , Portland Los Angeles Oakland San Francisco.. 2,943 1,740, 1,350 229, 204 ,12 75 1,404 1,006 1,023 2,087 1,800 27 2,170 1,643 123 1,908 2,226 132 814 fi.%833 41,262 18,034 146,022 17,88$ 9^481 136,693 4,700 nm 28,272 5,419 \% 693 100,456 16,046 184,215 18,429 76,112 7,159 14,370 22, 508 3,989 87,119 10,082 7,631 40,819 55,550 73,007 19,354 55, 229 170,461 19, 773 179,471 5,384 ,m 14,602 1,799 13,669 7,343 1,476 2,827 542 1^604 18,421 1,843 7,611 '716 1,437 2,251 399 8,712 1,008 763 4,082 5,555 7,301 1,936 5,523 17,046 1,977 17,947 576 4,078 4,382 1,831 2\,m 1,785 8,917 IS, 179 1,362 2,831 m 1,998 11, 682 1,901 17,639 i, 817 715 1,460 2,286 602 9,397 1,069 663 4,194 5,842 6,812 1,945 5,284 17,730 2,088 15, 750 7.5S 122 10.6.2 '"§,"733' iai5 14 4Q 9.9.2 9,86 11.10 9.6.1 9.23 7,380 1,096 67Q 465 an mo* ia80 iai 11.63 11.85 9,58 9.86 U,41 9,9? lft 16 10.16 15.09 10.79 10.60 8.69 10.27 10.52 9,33 10.05 9.57 l(X40 10.56 8.78 18 1,27a ""las" 958 635 2,517 5.28 38 580 1,706 2,737 201 2,897 2,328 194 9,386 0,164 48,618 40,431 *6,533 ,m 81,288 134036 75, §96 15,084 27,049. 18,751 97,082 15,668 185,054 18,255 70.189 7,181 14,604 20,957 4,227 86,847 8,722 % 141 41,6.55 63*382 72,331 19,406 69,434 168,798 20.190 186, 891 616 4,8? 4,043 1,653 13,382 1,954 13,604 7,559 1,509 2,706 503 1,875 9,708 1,567 is, m 1,826 7,019. 713 1,460 2,096 423 8,685 872 814 4,165 6,838 7,233 1,941 6,943 16,880 2,019 18,689 «9 % m 4,046 1,735 10,317 *978 ^,7 14,279 7., 621 J,4Q8 2,287 528 1,850 10,341 1,511 17,557 1,778 1,443 1,894 595 9,005 896 765 a, 772 7,217 7,465 1,991 5,933 16,949 2,111 16,801 10.04 $.20 10. 01 10.49 7.63 10.13 9.92 lft 50 10.08 9.33 8.46 lft 49 H O H w o o g &8,f 10.65 9.64 9,49 9.74 9.88 9.04 14.08 10.37 10. 27 9.40 9.06 11.39 10.32 10.26 8.54 10.04 10.46 8.99 a el i 112 696 68,240 5,051 20,440 506 2,044 534 2,i59 10.57 10.56 355 4,661 20,803 466 2,080 402 2,117 4, 227,079 422,708 431,989 10.22 65,192 4, 245, 560 424, 556 422,027 94,168 7, 516,603 850,346 854,429 11.37 72,876 7, 503,939 848,145 1,766 1, 931 9,614 1,610 13,831 42,927 29,501 304,564 46,087 181,946 4,587 3,005 2,065 21,524) 3,226 11,336 5,078 3,372 2,252 23,031 8,278 11,173 7.75 7.86 7.63 156 7.11 4,962 2,525 2,169 11,293 1,865 10,158 71, 269 45,931 30, 933 315,379 48,040 163,387 4,989 3,215 2,165 22,077 3,363 11,437 5,244 3,546 2,395 22,445 3,377 11,743 7.36 7.72 7.74 7.12 7.03 7.19 31,787 650, 556 45,539 48,184 7.41 32,967 674, 939 47,246 48,750 7.22 31,449 24,723 57,265 616 4,193 568,371 488,020 793,4S8 1% 977 52", 712 39,786 34,162 55,544 44,572 3?, 148 60,793 1,109 4,078 7.84 7.66 8.55 7.74 34,348 19,348 61,181 621 3,916 592,666 498, 585 804,168 13, 367 63, 488 41,486 34, 551 56,292 936 3,744 35,515 58,761 1,014 3,975 7.61 7.20 7.31 7.59 7.43 118,246 1,915, 568 134,090 147,700 7.71 119,404 I 1, 957, 274 137,009 144,354 7.3 136,140 108,773 89,564 59, 669 44,677 122,325 9,530 7,264 6,269 4,170 3,127 8,563 20,850 3, 664 6,443 - 5,238 8.19 7.54 7.34 7.50 7.10 7.63 8.04 7.78 7.73 7.39 7.50 7.45 8.10 7,455 8,606 6,614 7,040 26,250 11,637 7,804 2,636 56,294 9,162 6,542 5,343 139, 609 104,498 96,251 61,769 52", 225 156,325 76,798 51,468 60,435 321, 787 57,135 89, 369 77, 518 9,773 7,315 6,738 4,324 3, 656 10,943 6,376 3,602 3, 510 22,525 10,988 7,784 7,452 44,945 44,131 297,860 52,337 92,051 74,825 11,147 7,828 6,573 4,469 £, 173 9,829 5,363 3,498 8,410 22,019 3,925 6,860 6,058 80,022 93, 652 7.62 16S, 010 1, 335,182 Qgden Salt Lake CityV Total other reserve cities Total all reserve cities 8.63 10.18 9.94 11.29 COUNTRY BANKS Maine. New Hampshire. Vermont^ ___.___. Massachusetts... Rhode Island Connecticut...... Total New England States.. New Jorfc New Jersey Pennsylvania. Delaware Maryland..... Total Eastern States. r Virginia.. West Virginia.. _ North Carolina.. South CarolinaFlorida Alabama Mississippi. Louisiana... Texas Arkansas— Kentucky., _. Tennessee... Total Southern States.. Ohio Indiana Illinois Michigan.. Wisconsin.. Minnesota. Iowa. _ Missouri Total Middle Western States • "- 7,461 6,741 6,327 6,762 4,771 20,491 8,437 5,200 2,998 45, 928 8,668 9,095 6,452 3,146 5,426 4,177 11,312 6,158 3,985 8,779 24,090 4,381 6,455 6,183 7.43 7.74 8.13 8.06 7.24 8.02 7.74 7.49 7.49 7.67 7.22 7.98 93,463 101,697 7; 62 27, 877 14,741 30,691 12, 913 12, 885 15, 926 14, 671 4,096 301,857 181,489 327,058 140, 708 145, 308 163,232 151, 271 54,321 21,130 12, 704 22,894 9,850 10,172 11,426 10, 589 3,802 22,104 13,441 24, 905 10,609 10, 798 12, 021 10,978 4,007 7.32 7.41 7.61 7.54 7.43 7.36 7.26 7.38 28, 511 12,725 28,577 10,508 14,170 12,496 13,401 4,910 306, 562 179,927 323, 363 142, 069 145, 571 156, 052 153,443 57, 073 21, 459 12, 595 22, 635 9,945 10,190 10, 92(4 10, 741 3,995 22, 111 13, 412 23,158 10,757 10, 537 11,202 11,153 4,120 7.21 7.45 7.16 7,57 7.24 7.18 7.27 7.22 133, 800 1,465, 244 102, 567 108, 863 7.43 125, 298 1,464, 060 102, 484 106, 450 7.27 139, 331 1, m I o Wo TABLE N O . 57.—Reserve computation of national banks at date of each report during year ended September 28, 1925—Continued CO [In thousands of dollars] oo S«pt. 28, 1825 JojQi 30,1925 Net amounts due from Net amount banks not on which included in reserve is reserve computed calculation Banks in— COUNTRY BANKS—continued North Pftlrnta South Dakota Nebraska Kansas Montana Wyoming _ Colorado New Mexico Oklahoma . Total Washington Oregon California Idaho Utah Nevada Arizona Total Pacific States Alaska (nonmember banks) The Territory of Hawaii (non- 3,9*8 3,632 4,507 8,517 3,282 2,085 4,842 1,273 11,766 7.35 7.44 7.63 7.57 7.26 7.83 7.75 6.98 7.63 6,861 5,204 6,707 16,622 7, 749 4,271 8,937 1,288 25,056 59,065 50,126 57,821 115,397 47, 748 28,029 64, 533 17,704 153,912 4,135 3,509 4,048 8,078 3,342 1,962 4,517 1,239 10, 774 4,496 3,738 4,352 8,869 3,486 2,037 4,804 1,233 11, 593 7.61 7.46 7.53 7.69 7.30 7.27 7.44 6.96 7.53 87,987 581,500 40, 705 43,892 7.55 82, 695 594,335 41,604 44,608 7.51 8,291 6,608 18,473 3,355 390 1,135 1,723 81,441 54,142 207,725 32,417 4,868 10, 514 17,953 5,701 3,790 14, 541 2,269 341 736 1,256 6,000 4,064 14,998 2,510 395 779 1,398 7.37 7.51 7.22 7.74 8.12 7.41 7.79 10,805 7,854 20,830 5,474 524 1,362 2,031 84,184 57, 567 214, 729 34,616 5,107 10,642 17,303 5,893 4,030 15, 031 2,423 357 745 1,211 6,141 4,236 16,008 2,727 362 785 1,209 7.29 7.36 7.46 7.88 7.09 7.38 6.99 409,060 28,634 30,144 7.37 48,880 424,148 29,690 31, 468 7.42 • • — '•' 10 551,136 rig.-.. .. ., 645,304 2,749 412 4,624 694 7,373 1,106 a 772 28.08 14 3,107 466 2 1 , 111 35.76 1,445 31.25 93 3,518 528 2 1,097 31.18 * 2,217 30.07 107 6,625 994 2 33.33 452,490 479, 535 7.43 1,300,635 1,326,534 9.50 2 6,258,192 438,663 474,652 7.58 574,361 6,456, 563 13,774,795 1,289,009 1,329,081 9.65 647,237 13,960, 502 2,208 : * The cash in vault (exclusive of national-bank notes) and due from approved reserve agents. Amount of Per cent to lawful net amount reserve with on which Federal rereserve is serve banks computed 3,800 3,419 4,135 7,873 3,163 1,865 4,375 1,276 10,799 10 Total country banks_.. Total United States... Amount of reserve required 54,281 48,849 59,067 112,478 45,187 26,643 62,496 18,231 154,268 Tn«mbf r barks) Total (nonmember banks).. amounts Amount of Per cent to Net Net amount due from lawful net amount banks on which not reserve with on which reserve is included in Federal rereserve is computed reserve serve banks computed calculation 4,674 5,278 8,010 17,273 6,096 3,685 9,517 1,969 31,485 39,975 - • ' Amount of reserve required W m o o 3 O F 5 O cj 9 REPORT OF THE COMPTROLLER OF THE CURRENCY 319 TABLE NO. 58.—Aggregate resources and liabilities of national banks from January, 1914, to September, 1925 [For prior years see annual report 1920] 1914 Jan. 13 (7,493 banks) Resources Mar. 4 (7,493 banks) June 30 (7,525 banks) Sept. 12 (7,538 banks) Loans and discounts $6,175,404,961.53 $6,357,535,898.41 $6,430,069,214. 47 5,400,767,386.01 Overdrafts 21,838,399.48 21, 335,628. 89 15,485,641.14 17,142,637.10 United States bonds to secure circulation 736,600,910. 00 733,564,382.00 734,897,425.81 736,685,849.72 Miscellaneous securities to secure circulation 392,663,116.72 United States bonds to secure United States deposits * 50,342,980. 00 50,285,032. 00 48,405,573.20 48,311,495.63 Other bonds to secure United States deposits.._ _ 67,878,130. 32 59,332,288. 52 56,781,241.53 72,372,019. 72 United States bonds on hand 5,112,910. 00 5,476, 718. 00 311,955,298. 58 6,423,780.87 Premiums on United States bonds... 5,071,681. 95 4,859,610.88 4,058,150. 56 3,921,759.63 Bonds, securities, etc 1,020,494,711.08 1,027,326,660.58 1,015, 981,897.19 941, 723,232. 07 Stock 3 42,809,011.19 42,032,851.94 Banking house, furniture, and fixtures 256,995,908. 53 268,042,022. 88 257,520,014.18 269,661,511.46 32,625,254,39 Other real estate owned.. 33,981,161. 55 39,042,865. 78 40,787,222.13 Due from national banks (not reserve agents).. 482,036,437.64 421,754,572.17 513, 728,136.83 410,376,729.94 Due from State banks and bankers 251,113,818.01 230,776,241.19 191,921,682.48 191,968,078.31 Due from approved reserve 802,786,844.06 777,498,700. 76 881,702,559.68 agents 673,958,901.01 37, 244,268.10 40,184,406. 94 48,559,951.65 Checks and other cash items 34, 204,681,42 263,295,798.41 309, 321,303. 07 282,343,800.66 Exchanges for clearing house. 118,588,403.08 51,797,179.00 48,177,045. 00 49,659, 728. 00 Bills of other national banks. 73,546,639.00 Fractional currency, nickels and 3,964,617.42 3,959,837.04 3,828,925.17 3, 591,586. 83 cents .. 792, 694,095.14 780,490,209. 56 791, 584, 566. 61 746,198, 917.43 Specie.__ 175,373,021. 00 177,490,396.00 201,429,211. 00 157, 508,431. 00 Legal-tender notes 35, 509, 539. 22 35,402,097. 42 44, 323,990.14 35, 371,589. 64 Five per cent redemption fund.. _ Due from Treasurer United 8,933,843.97 7,533,063.14 14,464,098.96 3,952, 273. 52 States 52,818,000. 00 Clearing-houseloan certificate. __ Total-. 11,296,355,138.70 11,564,497,260.26 11,482,190,770.60 11,483,529,494.68 Resources Loans and discounts Overdrafts. United States.bonds to secure circulation Miscellaneous securities to secure circulation United States bonds to secure United States deposits.. Other bonds to secure United States deposits United States bonds on handPremiums on United States bonds Bonds, securities, etc Stocks Banking house, furniture, and fixtures Other real estate o w n e d . . . - . Due from national banks (not reserve agents) Due from State banks and bankers Due from Federal reserve bank Due from approved reserve agents Due from banks and bankers Checks on banks in same place. Exchange for clearing house. Outside checks, cash items, etc Checks and other cash items Bills of other national banks. _ Fractional currency, nickels and cents ._ Federal-reserve notes Specie Legal-tender notes _ Five per cent redemption fund Due from Treasurer United States Clearing-house loan certificate Amount paid on account of $100,000,000 gold fund Total 1 Oct. 31 (7,571 banks) $6, 316,478,470.67 18, 797,351. 32 739,586, 391. 26 504,514,045. 49 47,873, 491.40 69, 365, 717. 26 4,549,007. 26 3, 661,325. 74 905,277,164. 35 50,804, 335.13 268, 509, 856. 77 42,313, 332. 01 392,847,274.13 174, 235, 702.92 634,166,049.02 150,112,100. 24 42,947,630.06 87, 382,691.00 3, 575, 689. 54 753, 252, 764. 40 172, 300, 611. 00 52, 349, 623. 24 5, 377, 379. 92 35, 654,000. 00 16, 520, 718. 25 11,492,452,722.38 Includes District of Columbia and island possession bonds. a Includes $5,310,500 United States bonds loaned by New York City banks. *Includes $899,668 erroneously shown on face of banks' reports as bonds, etc. Dec. 31 (7,581 banks) $6, 347, 636,510. 27 15, 798,224. 76 739,160,346. 66" 209,400,603.20 47,830,427. 39 72,885,060. 35 5,003,963. 63 3,084,194.96 988,157, 510.40 61, 394,185. 49 271,464,956. 07 43,258,037.97 261,459,775.05 583, 664,900. 21 575,324, 679.14 31,781, 266.03 262,433,419. 95 33,867,431.58 69,466,353.00 2,013, 685. 00 534,857,113.00 128,370,974. 00 43, 752,166. 74 12,616,157. 05 12,404,075.77 11,357,086,017. 67 320 REPORT OF THE COMPTROLLER OF THE CURRENCY TABLE NO. 58.—Aggregate resources and liabilities of' national banks from January9 1914, to September, 1925—Continued [For prior years see annual report 1920] 1914 Liabilites Jan. 13 (7,493 banks) Mar. 4 (7,493 banks) June 30 (7,525 banks) Sept. 12 (7,538 banks) Capital stock paid in $1,057,676,054.00 $1,056,482,120. 00 $1,058,192,335.00 $1,060, 332,072. 50 731,273,096.28 732,442, 759. 67 723,338,266. 50 Surplus fund _ 724,138,519.46 Undivided profits, less ex268,184,165.18 25$, 664,337.83 272,703,334.17 penses and taxes 287,343,679.28 National-bank notes outstand720,640,334.00 722, 554, 719.00 725,326,161.50 ing _ _ 918,270,315.50 27, 698.00 27, 698. 00 27, 693.00 State-bank notes outstanding. _ _ 27,693.00 1,061,260,991.82 1,201,467, 775.86 1,017,820,892.71 Due to other national banks 904,331,571.01 561, 006, 715.14 607, 331, 628. 52 515,742,709.18 Due to State banks and bankers. 521,901, 865.51 Due to trust companies and 619,704,372.92 60S, 678,412.65 544, 604,116.11 483, 794,109.17 savings banks 43, 630, 770. 30 42,660, 616.15 43,937,637. 70 39,871,080.85 Due to approved reserve agents. 4, 264,129. 89 18, 660, 220. 51 1,250,322.87 1,337,166.00 Dividends unpaid. 6,072,064,752.60 6, 111, 328,457.16 6, 268, 692, 429.72 6,139,081,279.77 Individual deposits__ 76,815,818.69 66,654,582. 55 69, 712,446.13 58,609,788.39 United States deposits. 22, 243,089. 21 23,841,062.65 27,626,325.06 Postal-savings deposits 23, 568,198.75 Deposits of United States dis7,482,388.89 7, 773,084.98 bursing officers. 46, 673,867.97 47,123,180.09 Bonds borrowed 34,461,34a 00 United States bonds borrowed.. 34,407, 245.99 «, 025,690.49 53,862, 878.42 Other bonds borrowed 8, 772,534.57 11, 701,475.41 25,981,950.00 13,436, 527.21 Notes and bills rediseounted 60,905,190. 66 45, 372, 735. 52 124,089,118.73 Bills payable 77,775>401.26 6,155, 905.52 8,284,933.48 4,701,635.23 7,926,918,00 Reserved for taxes Clearing-house loan certificates (net balance) 52,779,000.00 Liabilities other than those ,2,408,915.49 2,342,482.12 6,443,087.95 3,516,788.84 above stated Total . 11,296,355,138.70 11,564,497,260.26 11,482,190,77a 60 11,483,529,494.68 Liabilites Capital stock paid in Surplus fund Undivided profits, less expenses and taxes National-bank notes outstanding State-bank notes outstanding... Due to other national banks Due to State banks and bankers Due to trust companies and savings banks... Due to Federal reserve bank Due to approved reserve agents Due to banks and bankers Dividends unpaid Individual deposits United States deposits Postal-savings deposits _ Demand deposits. _ .»_ Time deposits...United States bonds borrowed. _.. Other bonds borrowed . Securities borrowed Notes and bills rediseounted _ Bills payable Reserved for taxes Clearing-house loan certificates (net balance). Liabilities other than those above stated Total. Oct. 31 (7,571 banks) $1,063,162,597.50 724,947,101.26 293,261,154.09 1,018,193,636. 50 27, 693.00 838,651,946.54 517,062,823. 64 498, 490, 484. 64 37,523,774.92 4,342,374.67 6, 078, 894,617.69 69,744, 237.53 31,232, 267.75 34, 250, 290.00 54,126,345.87 3,085,024.40 26, 562, 259. 66 136,055,212.70 9,642,443. 73 49,911,000.00 3, 285, 436. 29 11,492,452,722.38 Dec. 31 (7,581 banks) $1, 065, 951, 505.00 726, 935, 755. 25 281, 924, 667. 96 848,806, 773.50 48, 932.32 *29,306, 505.17 1,840,416,214.68 20,334, 471.83 5,175,140. 032.45 1,171,222,217.91 34, 586, 272. 43 26,308,909.94 774,066.75 35, 586, 864. 95 96,855,492. 53 2,887,335.00 11,357,086,017.67 TABLE NO. 58.—Aggregate resources and liabilities of national banks from January, 1914, to September, 1925 1915 In thousands of dollars Mar. 4 (7,599 banks) June 23 (7,605 banks) Sept. 2 (7,613 banks) $6,643, 887, 951. 95 5, 904, 374. 54 $6, 659, 971, 463.44 5,173, 586. 07 $6, 756, 680,004.10 5,060, 626.77 7, 233, 929 7,211 7,357, 732 6,709 783,994, 426.03 783,453, 730.42 781,726,220.41 777, 765 774, 639 May 1 (7,604 banks) Nov. 10 (7,617 banks) Dec. 31 (7,607 banks) RESOURCES $6,499,964, 605.26 Loans and discounts 7,046> 534.16 Overdrafts 733,138,268.64 United States bcsnds to secure circulation Total United States bonds 44,160, 285.13 Miscellaneous securities to secure circulation 41, 829, 758. 3Q United States bond to secure United States deposits 78, 887, 896. 00 Other bonds to secure United States deposits., 3,670, 569. 76 United States bonds on hand 2,555,314.22 Premiums on United States bonds 1,056,388,707.62 Bonds, securities, etc Other bonds, securities, etc -. 77,463,940.79 Stocks ,_._ Stocks other than Federal reserve bank stock Stock of Federal reserve bank Banking house, furniture and fixtures ., 272,436,174.50 Banking house , _._ Furniture and fixtures 43,772, 597.11 Other real estate owned Due from Federal reserve bank___ „_ 290,678,432.15 747,156, 893. 66 Due from approved reserve agents 598,816, 796.92 Due from banks and bankers—, ,„ 18,361,862.09 Cheeks on, banks in same place _ 194,977,980.69 Exchanges for clearinghouse- „_ _,_ 22, 566, 644. 58 Outside checks, cash items, etc __. 60,961, 750. 00 Bills of other national 3, 698, 200. 00 Federal reserve notes banks.. _ 591,852 t 399.40 Specie 127,091,112.00 Legal-tender notes _ 36,500, 616. 60 Five per cent redemption fund ,7,686*564.99 Due from Treasurer United States Redemption fund and due from Treasurer United States. 5,182,100.00 Bonds loaned . Customer's liability under letters of credit Customer's liability account of acceptance Other assets . ___ Total 11, 566, 846,004. 57 W a a 1,158,108,945. 79 85,762,039.33 1,191,127,717.22 93,787,521.06 1,219,214, 503. 87 92,594,892.32 269,417,032.84 277,804,754. 22 278,392,205.47 49,487, 321. 08 29Q, 412, 690.11 748,541, 471. 73 565,792,955. 73 41,948,205.55 335,128,23& 93 30,242,625.09 50, 747, 743. 00 3, 652, 635. 00 607,249,414.29 127, 999, 550. 00 43, 971, 595. 32 312,657,647.43 737,894, 995.04 538,425,712.84 16,409,445,98 213,005,965.71 20,870, 932.37 61, 557, 498. 00 6, 418,130. 00 678, 540, 967.99 111, 240, 250. 00 44,077,373.12 43,373,243. 77 11, 842, 354, 995.11 11, 795, 685,156. 88 1, 343, 8 22 1, 375,149 43,953,871.52 315,409,198, 79 811,379, 5 i a 47 597,832, 441,63 21,792, 640,87 287,289,183.13 23,003,077.40 57, 618, 958. 00 6,779, 935. 00 719, 843, 506. 62 122, 765, 379. 00 89, 273 53,518 249,288 31,808 44,113 366,185 895,830 707,394 23,189 847,418 33,585 62,446 11,160 731,797 114,978 251,551 31,424 45,122 403,985 834, 392 698,921 38,588 449, 828 43,809 63, 933 10, 669 689>762 118,117 41,392,715.64 42,535 45,939 52, 321, 053. 57 16, 461, 341. 58 15, 579,155. 05 74,195 37, 435 7,457 86,212 39,764 7,917 12, 267, 090, 429. 00 13, 236, 331 13,467, 887 40,036 53,689 o 8 a d w Q 3 CO to TABLE NO. 58.—Aggregate resources and liabilities of national banks from January, 1914, to September, 1925—Continued fcO fcO 1915—Continued In thousands of dollars M»r.4 (7,599 banks) Mayl (7,604 banks) Jun« 23 (7,605 banks) Sept. 2 (7,613 banks) Nov. 10 (7,617 banks) Dec. 31 (7,607 banks) 1 LIABILITIES Capital stock paid in Surplus fund Undivided profits, less expenses and taxes.. National-bank notes outstanding State-bank notes outstanding_ Due to Federal reserve bank Due to approved reserve agents Due to banks and bankers _ Dividends unpaid _>_ Demand deposits Time deposits _.. United States bonds borrowed-_ . Other bonds borrowed. _ Securities borrowed _ Notes and bills rediscounted Bills payable Letters of credit Acceptances based on imports and exports _. Liabilities other than those above stated Total.. $1,066,689,307.50 724,307,901.61 288,682,310.67 746,517,138.75 $1,065,891,977.50 719,329,463. 39 293,683,'959. 21 727,793,361.50 $1,068,519,105.00 722,089,210.17 314,755,321. 77 722, 703,856. 50 6,345.35 7,090,458.56 2,236,647,932.10 1,332,887. 56 5,149,701, 825. 27 1,199,188, 335. 32 8,093. 56 6,415,996.67 2,220,110,108.38 3,932,185.98 5,407,211,478.11 1,254,369,875.46 33,536, 806.11 8,132, 515.48 78,049.49 37,568, 342. 27 52,965,176.96 500.36 6,289, 592. 84 2,201,716,024.16 1,953, 817.90 5,325,853,421.84 1,285,428, 400. 06 33,336,164.20 8,436,963.18 98, 556.99 39,918, 987. 31 58,200, 677.00 5,650,814. 64 11,327,605.04 6,384, 557. 60 $1,068,863,507.70 722,577,738. 63 300,018,297.47 718,496,591.50 22,860.00 39,855. 20 6,407,832. 20 2,459,607,984.33 1,277,906.28 5,426,610,208.84 1,335,572, 505. 70 33,822, 390.00 5,997, 557.42 84,983. 65 45,550,405. 57 60,169, 307.64 55,137,152. 61 13,077, 388. 22 13,755,956. 04 11,566,846,004.57 11,842,354,995.11 11,795,685,156.88 12,267,090,429.00 33,602,940.00 11,549,476.41 317,943. 54 38,534,087.67 57,126, 299.62 1,068,649 722,877 317, 236 713,467 23 20 7,287 2, 702,366 1,624 6,070, 219 1,375,956 32,151 4,999 76 42,888 60,567 75,471 26,808 13,647 1,068,049 725,554 294,267 713,314 23 8 11,256 2,727,168 22, 695 6,223,842 1,417,417 31, 775 4,735 73 42, 530 55,886 87, 859 31, 985 9,451 13,236, 331 13,467, 887 a o o K o P w O 9 O } REPORT OF THE COMPTROLLER OP THE CURRENCY 323 TABLE NO. 58.—Aggregate resources and liabilities of national banks from January, 1914, to September, 1925—Continued 1916 [In thousands of dollars] Mar. 7 (7,586 banks) May 1 (7,578 banks) June 30 (7,579 banks) Sept 12 (7,589 banks) Nov. 17 (7,584 Dec. 27 (7,584 banks) BESOUBCES Loans and discounts l 7,490, Oil 7, 606, 428 7, 679,167 7,859,837 8, 345, 784 8,340,626 6,994 5,493 6,168 Overdrafts 9,317 10,403 Customers' liability under letters of credit. 102,386 100,326 83, 761 77! 512 29,001 32,443 43,829 Customers' liability account of acceptances 59,072 77,879 101, 581 66,034 98,192 753, 913 738, 830 731, 205 729, 777 724,473 716,950 United States bonds Other bonds, securities, etc -. 1, 464, 787 1, 525, 567 1, 527,832 1, 624, 627 1, 709,956 1,725,347 Stocks other than Federal reserve bank 39,979 40,075 39, 272 stock.39,366 37, 39,144 53, 628 Stock of Federal reserve bank 53, 701 54,126 53, 651 53,923 54,112 252, 982 255, 378 255, 977 259, 427 261,464 262,489 Banking house 31, 505 32,068 31,800 31,654 31,908 Furniture and fixtures. 32,392 47,320 48,221 47, 787 47, 736 47, 627 Other real estate owned --. 48,064 1, 022, 642 954, 822 843,390 936, 339 1,035,107 945,812 Due from approved reserve agents 772, 979 766,200 694,926 780,600 983, 659 898,890 Due from banks and bankers __. 319,430 596,895 444,033 392, 684 516,705 402,591 Exchanges for clearing house_.22, 874 28,292 42, 435 Other checks on banks in the same place.. 36,007 25, 570 28,386 30, 019 37, 233 45,972 Outside checks and other cash items 41,884 32, 817 38,550 61,908 56,003 Notes of other national banks 59,196 54,120 62,238 77,049 1,377 1,634 Federal reserve bank notes 2,083 3 3 12,549 8,940 9,077 Federal reserve notes 7,480 13,190 16,623 708, 780 663,565 640, 479 663,022 Coin and certificates 677,099 124,833 113,890 117, 524 105,101 101,496 108,847 Legal-tender notes 431,195 428,191 476,103 531,028 649,171 707,497 Due from Federal reserve banks Bedemption fund and due from United 41, 730 40,850 States Treasurer 42, 346 43,024 43,851 48,301 8,544 4,614 Other assets .. 14,912 15,246 21,652 7,518 13, 833, 68114,195, 595 13,926,868 14,411, 537 15, 520,205 15, 333, 552 Total. LIABILITIES Capital stock paid in Surplus fund Undivided profits, less expenses and taxes paid. Amount reserved for taxes accrued Amount reserved for all interest accrued.. National-bank notes outstanding Due to Federal reserve bank Due to approved reserve agents Due to banks and bankers Dividends unpaid Demand deposits .-. Time deposits United States bonds borrowed Other bonds borrowed Securities borrowed Notes and bills rediscounted Bills payable, including obligations representing money borrowed Bills payable, other than with Federal reserve bank Bills payable, with Federal reserve bank.. State bank circulation outstanding Letters of credit and traveler's checks outstanding3. Acceptances4 Liabilities other than those above stated.. _ Total. Liabilities for rediscounts, including those with Federal reserve bank ... 1 1,067,289 1,067,481 1,066,049 1,0G7,565 1,071,116 1,070, 793 724, 664 724,697 731,389 731, 409 739,336 744, 653 306, 614 317,473 305,850 682,245 676,116 695,835 2 11 7,842 9,383 10,184 3,066, 233 2,985,959 2, 702, 756 1,300 3,960 21, 099 6, 221, 226 6, 549, 583 6,473, 361 1,495,153 1. 586, 435 1, 669, 687 27,948 27, 538 27,053 4,437 4,133 4,856 178 115 180 31,489 31,083 33,286 317,050 332,458 343,139 9,274 9,556 9,453 7,568 9,424 9,586 674,115 665, 259 666,409 17 3 5 7,134 9,124 12,686 2,908, 512 3, 339, 628 3,248,929 1,029 1,390 2,184 6, 708, 883 7, 322, 688 7,148,302 1,736, 766 1,816, 446 1,854,740 26, 359 26,588 25,985 3,984 4,513 5,070 322 145 458 30,873 32,231 35,332 38,499 23 23 23 23 24,539 578 23 27,008 8,123 23 105,171 42, 677 10,597 102,653 59,836 9,886 85,943 69, 303 14,401 81,182 76,608 14, 709 31,372 98,231 18,317 35,009 100,342 20,655 13,838,68114,195, 595 13,926,868 14,411,537 15, 520,205 15,333,552 53,394 48,554 54,627 Commencing Sept. 12,1916, notes and bills rediscounted not included in loans and discounts, but shown as2contingent liabilities. Includes Federal reserve bank notes. 8 Prior to May 1 this item read "Letters of credit." 4 Prior to Nov. 17 this item read "Acceptances based on imports and exports.*? 324 OF THE COMPTROLLER OE THE NO. 58.—Aggregate resources and liabilities of national banks from January^ 1914, to September, 19%5—Continued 1917 [In thousands of dollars] Mar. 5 (7,581 banks) Mayl (7,689 banks) June 20 (7,604 banks) Sept. 11 (7,038 banks) Nov. 20 (7,066 banks) Dec. 31 (7,662 banks) BESOtTKCfiS Loans and: discounts OverdraftsCustomers? liability Under letters of credit. C ustomers!liability account of acceptances United:States bonds.*-.....;-..--..—-• -Payment on account subscription for Libt y l of ne fd e . Liberty loan bonds ___ _ ©thet bonds, securities, etc.. Steel other than Federal reserve bank stock... Stock of Federal reserve banks Banking house -,-_._._.. __ Furniture and fixtures.^--* e t h e r real estate owned B>ae from Federal reserve banks Lawful reserve with Federal reserve banks. Kerns with Federal reserve &anfes in process of collection — Motes of o t i w national banks Federal reserve bank notes .-.._-__ Federal reserve notes. Coin and certificates^.—. LegaL-tender notes Gash,in vault. _, . Net amount due from;national banks. B « e from approved reserve agent. Net amounts due from other banks, bankers, and trast companies _ -* Exchanges for clearing house . Checks on other banks in the same place. Outside checfes and other cash items. Redemption fund and; due from U. S. Treasurer Interest earned but not collected._ Other assets. _ -__ Total. ______ 8,712,862 8,751,679 8,818,312 ), 055,248 9,535, 527 8,069 9,619 9,607 15, 044 7,666 21,135 24,512 23; 43$ 26,944 26,703 105, 653 135, 734 1 132, 948 147, 992 94, 421 768,114 * 905,127 941,082 1,651,262 714,523 15,073 25,052 211, 458 01^903 171,129 217,900 702,921 609, 626 1,770,083 1,856,983 1,843,047 1,863,621 1,906,782 1,870,967 39,074 54,695 266, 880 32,179 47, 212 761,995 54,827 269,947 32,594 46, 656 820, 584 61, 352 2,049 17, 08Q 705, 998 107,994 59,734 1,617 16, 376 659, 501 103,828 65, 657 2*248 22, 973 556, 686 105,147 1,077,727 948,009 827,943 939,054 419, 204 30, 919 37,906 890,592 578,145 58,564 45,878 809,233 3 341,412 445,471 401, 742 39, 647 47,958 36,335 37,031 39,182 54,329 262,815 31, 798 48, 277 750,202 42,134 55,480 272,190 32,611 46, 273 42,837 273,941 32,917 46, i r 41,730 55,933 273,695 32,298 46; 063 1,046,102 1,077,701 1,110,204 126,708 493,609 1, 292,192 165,118 158,658 516,120 53-V126 36959i 1,42§,O10 400;593 399, 974 43, 615 42,689 43,498 40,407 39,547 41,363 31, 981 27, 431 25, 779 25,884 18,304 23, 721 15, 979,122 16,144,403 16,151, 040 16,543,499 IS,-553,197 41,199 377,576 655,037 72,589 59,664 42,649 17,121 31,045 LIABILITIES Capital stock paid in ___ Surplus fund. .._ Undivided profits, less expenses and taxes paid ._ Interest and discount collected but not eariied---:... Amount reserved for taxes accrued. Amount reserved; for all:interest accrued... National-bank notes outstanding. Due to Federal:reserve banks Due to approved reserve agents Net amounts due to national banks Net amounts due to other banks, bankers, and trust companies Dividends unpaid ^ Demand deposits Time deposits _ United States deposits Postal-savings deposits United States bonds borrowed Other bonds borrowed•„.... Securities borrowed Bills payable* other than with Federal reserve banks ___. Bills payable with Federal reseryo banks., State bank: circulation outstanding Letters of credit and travelers' checks outstanding Acceptances Liabilities other than those above stated.. Total... Liabilities for rediscounts, including those with Federal reserve banks 1 1,073,875 1,079, 669 1,082, 779 1,090,318 l,.082,2O7 1,092,606 774,575 754, 621 761, 654 769,050 7£23€7 784*065 317,412 5,862 8,562 661,157 8 7,873 329,712 7,772 10,997 656,100 1 8,579 353,407 7, II, 405 660,431 48 11,233 354,023 11, 569 10,142 665, 642 3,757 323,126 3^52© 14,434 13,530 669, 662 4*223 28,926 15,721 9,880 674, 254 3,180 1,196,330 1,257,587 1,288,7*. 3,675, 384 3,370, 558 3,014,333 1,848,463 1,845; 707 1,901,803 1,155 4,741 2,464 7,289,110 7,618,011 7,431,029 7,679,370 8,056,948 8,436,395 1,984, 650 2,078,448 2,090, 619 2, 295, 982 2, 281, 865 2,,298,282 1,352,006 517,315 « 132,965 6 89,142 210,395 28,445 110,190 26, 871 32,758 65,415 4,904 4,949 65,674 17,661 33,591 182 77 363 276 347 17,660 2,999 23 25,460 8*827 23 48,926 184,736 23 51,880 63,790 17 29,476 23,620 36,752 27,082 101, 485 110, 549 144,414 138, 231 16,151 15, 913 45,175 31,076 15, 979,122 16,144,403 16,151,04016, 543, 499 18, 49,068 58,027 139,3€6 169,434 57,200 295,532 17 67,183 199,249 17 39,688 37,639 153, 645 217,190 58,901 45,130 553,197 18,073,308 247,213 475,416 Includes United States certificates of indebted* Included with demand deposits. ness and excludes Liberty loan bonds. 8 Prior to June 20, 1917, included with demand 2 Included under heading " Cash in vault." deposits. 3 6 This item formerly included amounts due from Included with time deposits. national banks other than approved reserve agents. REPORT OP THE COMPTROLLER OF THE CUESEKCY 325 TABLE N O . 58.-~-Aggregateresources and liabilities of national hanks from January\ 1914, to. September, 1985—Continued [In thousands of dollars] Mar. 4 (7,670 banks) M a y 10 (7,688 banks) June 29 (7,705 banks) Aug. 31 (7,728 banks) Nov. 1 (7,754 banks) Dec. 31 (7,767 banks) RESOURCES Loans and discounts -•_— fy 139, 2259,260,041 9,620,402 9,493,666 10,096,9401 9,918,294 Overdrafts: ___ _.— ., 13,586 11,662 12,497 14,306 16,8141 1;2,968 Customers' liability under letters of credit. 25,022 23,324 16,284 15,275 12,563 13,204 Customers' liability account of acceptances. _-____._. 222,176 239j 102 221,397 231,673 310,593 291,502 United States bonds,, other than Liberty loan bonds-*_ ____-_. 1,645,118 1,796,194 1,386,251 1,787,378 1,781,993 1,735,889 475, 531 861, 329 730, 534 Liberty loan bonds 668,048 3,374,319 1, 213,9891,815,340 1,757,588 1,740,845 1,695,070 1,660,465 1,683,071 Other bonds, securities,, etc S&fcs> other than Federal reserve bank sfofcfc 42,412 42,753 39,213 47,461 48*177 Sloefe of Federal reserve banks 56, 756 56,219 56,982 57,259 57,427 58,100 Banking: house 276,502 277,315 277,941 280,615 282,012 281,904 Furniture and fixtures. 33,340 32,689 33,495 34, 027 34,653 34,518 Otnet real estate owned. 45, 871 45, 639 46,306 46,642 46, 765 45,034 Lawful reserve with Federal reserve banks. l,07i;i55 1,129,557 1,111,432 1,099,208 1,180,163 Items with; Federal reserve Bankstoprocess o& colJeetion 171,876 172,451 183,892 196,315 260,425 286,384 449,719 463,494 382,701 364,136 443,828 522,063Net amount duet from national banks 1,441, ~ 1,162,750 1,147,877 1,196,409 1,177,169 1,303,145 Net amount due from other banks-, bankers, and trust companies 388,693 314,536 331,387 356,137 349,385 Exchanges for clearing house 509, 539 435,926 310,227 293, 572 533', 435 816,455 Chec&s on other, banks in the same place.. 42,973 68,718 52,318 46,545 46,262 69,877 Outside checks and other cash items 64,037 44,206 57,698 52,080 51,697 71,320 ^Redemption fund and due from U. S. Treasurer.-. __. ..—_.. .._ „ 41.984 39,271 39,064 39,637 40,011 45,596 Interest earned but not collected 14,261 14,335 12,683 13,558 12,987 34,817 War-savings certificates- and; thrift stamps actually owned. 5,955 12,498 5,440 10,180 10,842 6,516 Other assets-.___-_. 21,524 15,052 30,427 20,869 24,288 20,569 Total. 18,014,91118