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EIGHTY-FIRST ANNUAL REPORT
OF THE

Comptroller of the Currency
1943

UNITED STATES
GOVERNMENT PRINTING OFFICE
WASHINGTON : 1944




TREASURY

DEPARTMENT

Document No. 3130
Comptroller of the Currency
ii




LETTER OF TRANSMITTAL
TREASURY DEPARTMENT,
O F F I C E OF THE C O M P T R O L L E R OF THE C U R R E N C Y ,

Washington,

D. GJanuary

10,1944-

SIRS: l a accordance with the provisions of section 333 of the
United States Revised Statutes, I have the honor to submit the
following report covering the activities of the Bureau of the Comptroller of the Currency for the year 1943.
Respectfully,
PRESTON

DELANO,

Comptroller of the Currency.
T H E P R E S I D E N T OF THE S E N A T E .
T H E S P E A K E R OF THE H O U S E OF

REPRESENTATIVES.
in




ANNUAL REPORT
OF THE

COMPTROLLER OF THE CURRENCY
In offering to the Congress a review of the developments in the
National Banking System during the past year, it is necessary to
consider the banks as an integral part of the war effort which is absorbing all elements of the business life of the Nation. A second year of
operation has now elapsed since the full impact of war conditions has
been felt. It is pertinent to examine the extent to which banks have
adjusted themselves to the emergency, and to give some consideration
to those readjustments which will be necessary with the advent of
peace.
National banks are well managed. The ability and competence of
the officers and directors of the banks under the supervision of this
office have shown a steady improvement in the last few years. Those
who are responsible for the management and policies of small banks
as well as large, of the country institutions as well as those in the city,
exhibit a satisfying comprehension of the techniques and principles
of banking, both as they apply to the operation of their own institutions and as they relate to the entire banking and business field. This
ability and competence have been placed unreservedly at the disposal
of the Federal Government during the present great crisis. In the
sale of war bonds, in the handling of ration coupons, in lending
operations, and in multitudinous other ways, the national banks have
been, and are, an important factor in the war effort. Their contribution has been made in spite of the difficulties inherent in the loss of
trained personnel to the armed forces and a resulting manpower
shortage.
The close of 1943 finds the national banks holding assets of unusually
high quality. During the last few years there has been a steady
shrinkage in the volume of loans which the examiners have found it
necessary to criticize. Substandard investments have been advantageously replaced. Through the consistent policy of amortization,
the carrying value of banking premises has been regularly reduced.
The amount invested in real estate other than banking premises has
shown a remarkable decline. Considered as a group, the earnings of
national banks are at a satisfactory level and show a tendency to
increase under war conditions. Except in rare instances, returns to
shareholders through dividend declarations are steady and consistent
with the individual bank's financial position.
Two years of war activity have seen deposits in national banks
increase over 20 billion dollars while total capital accounts increased
310 millions after giving effect to the retirement of 41 million of preferred stock. It is significant that 72 percent of the increase in capital
1




2

EE

PORT OF THE COMPTROLLER OF THE CURRENCY

accounts occurred during the year 1943 and was occasioned both by
the conservation of earnings and the sale of new common capital.
There is evidence that many bankers are taking advantage of the
present opportunity to build up their capital structures by sale of new
common stock, thereby placing themselves in position to take advantage of the type and volume offinancingwhich may be expected during
the reconversion and rehabilitation period following the war.
In summary, as to the current situation, it may properly be emphasized that the national banks are in very strong position and are
contributing their strength willingly and competently toward prosecution of the war. It is when we turn to the consideration of post-war
conditions that an analysis in the banking field becomes much more
difficult and uncertain. The economic dislocation caused by this war
poses problems for which no precedents exist. The dimensions are
out of line with previous experience.
Under the compelling necessities of the present situation, all fiscal
policy is directed toward implementing the manufacture and distribution of war materials and the utilization of these materials on the
fighting fronts. Under such conditions the economy operates under
tension—outside its normal incentives and controls. The transition
from this condition to a peace-time competitive economy responding
to personal initiative and subject to the compulsions and restraints
of markets, will be a difficult and trying time. The National Banking
System will find itself very much a part of this transition and obligated
to play an important role in it.
The unprecedented expenditures demanded by modern totalitarian
war have greatly increased the volume of money in the country represented by bank deposits and circulation. More than fifty percent of
the deposits held by commercial and savings banks are in the national
system, and today they stand at an all time peak. Since these
deposits are represented largely on the asset side by government bonds,
government guaranteed paper, and other liquid assets, the banks are
well secured against a repetition of the difficulties which they encountered after World War I, when they found themselves loaded
with inventory, agricultural and industrial loans in a period of deflation, unemployment and rapidly falling prices. Yet there remain
fundamental problems.
The heavily increased volume of deposits in the banks of the country will be one of the more important factors in determining the
course of the postwar economy. They promise to be here a long time.
These deposits may be considered from two points of view. From
the standpoint of the depositors they represent a huge volume of
liquid assets, the use of which may determine the character of the
whole postwar period. If they are spent recklessly during the reconversion period, they can spell inflation; if employed judiciously, yet
venturesomely, they can contribute greatly toward full employment
and prosperity for years to come; if they are hoarded or used only
sluggishly, the result may be unemployment and depression. The
responsibility for these decisions, however, will rest with the depositors,
not with the banks.




3

EE

PORT OF THE COMPTROLLER OF THE CURRENCY

On the banks will rest the responsibility for handling prudently
the assets in which these deposits are invested, and by the purchase
of which they were largely created. In terms of dollar value, a major
concern of the banks in the postwar period will be the handling of
federal obligations in their security portfolios. Bank management in
this department will demand thoughtful consideration of the national
viewpoint as well as the individual situation of each institution involved. But the major responsibility of the banking system, once the
economy is released from the bondage of war, will be the search for
lending opportunities in a society of free enterprise and personal
initiative. Much depends on a successful campaign in this field for
by it the banks will assist in creating a sound postwar economy and in
assuring their own position in it. There is interesting evidence that
the critical nature of the task before them is appreciated and understood by banking leaders. The formation of credit pools to facilitate
term loans to business, and an active campaign by the American
Bankers Association for the education of its members in their approach
to the problems of transition are healthy signs of determination to
meet the issue.
It again seems appropriate during this war period to omit from this
report some of the statistical material heretofore included; also to
postpone suggestions for legislation.
At the end of 1943, the National Banking System was composed of
5,046 active national banking associations operating 1,603 branches,
making a total of 6,649 banking offices.
A comparison of the assets and liabilities of the banks in the National Banking System as of December 31,1942, and June 30, October
18, and December 31, 1943, reported pursuant to calls for condition
statements by the Comptroller of the Currency, is shown in the
following table:
Assets and liabilities of national banks on dates indicated
[In thousands of dollars]
Dec. 31,
1942 (5,087
banks)

June 30,
1943 (5,066
banks)

Loans and discounts, including overdrafts
Ü . S. Government securities, direct obligations
Obligations guaranteed by U. S. Government
Obligations of States and political subdivisions—
Other bonds, notes, and debentures
Corporate stocks, including stock of Federal Reserve
banks

10,200,798
22,261,410
1,563,941
2,022,493
1,441,184

9,190,143 10,775,316
10,133,532
28,514,634 }35,709,814 Í 32,552,251
\ 1,626,304
1,675,768
1,984,169
2,026,333
1,933,187
1,340,099
1,266,527
1,243,450

193,760

171,744

145,811

149,061

Total loans and securities
Cash, balances with other banks, including reserve balances, and cash items in process of collection1
Bank premises owned, furniture and fixtures
Real estate owned other than bank premises.
Investments and other assets indirectly representing
bank premises or other real estate
Customers' liability on acceptances outstanding
Interest, commissions, rent, and other income earned or
accrued but not collected
Other assets
—

87,683,586

42,918,721

49,881,687

47,687,785

16,250,270
580,476
61,060

15,227,391
566,697
47,530

15,423,238
564,415
40,748

16,080,664
547,470
33,990

51,340
23,294

49,285
30,509

47,769
34,411

47,275
26,207

74,926
56,026

86,079
46,140

107,788
56,978

101,664
56,862

54,780,978

58,972,352

66,156,984

64,531,917

Oct. 18,
1943 (5,058
banks)

Dec. 31,
1943 (5,046
banks)

ASSETS

Total assets *
Footnote at end of table.




7EEPORT OF THE COMPTROLLER OF THE CURRENCY

Assets and liabilities of national banks on dates indicated—Continued
[In thousands of dollars]
Dec. 31,
1943 (5,046
banks)

Dec. 31,
1942 (5,087
banks)

June 30,
1943 (5,066
banks)

Oct. 18,
1943 (5,058
banks)

26,730,691

30,518,146

30,901,323

33,254,837

8,307,519
4,842,182
2,695,194
7,401,534
671,696

8,971,178
4,589,354
2,900,361
7,156,360
633,962

9,501,379
10,853,187
2,603,884
7,313,763
613,519

9,926,259
5,951,128
2,934,654
7,160,133
929,170

LIABILITIES

Demand deposits of individuals, partnerships, and corporations
_
Time deposits of individuals, partnerships, and corporations
Deposits of U . S. Government and postal savings
Deposits of States and political subdivisions
Deposits of banks 1
Other deposits (certified and cashiers' checks, etc.)

50,648,816

54,769,361

61,787,055

60,156,181

41,970,784
Demand deposits1
8,678,082
Time deposits...
Bills payable, rediscounts, and other liabilities for bor3,516
rowed money_
__
Mortgages or other liens on bank premises and other
69
real estate
Acceptances executed by or for account of reporting
26,008
banks and outstanding—.
Interest, discount, rent, and other income collected but
30,118
not earned _
75,197
Interest, taxes, and other expenses accrued and unpaid258,899
Other liabilities

45,429,851,
9,889,510

51,918,952
9,868,103

49,847,504
10,808,677

4,231

36,718

8,155

67

66

61

34,390

37,836

31,642

25,622
98,816
214,460

26,442
111,884
238,413

23,881
118,469
234,086

51,042,623

55,146,947

62,238,414

60,572,475

1,503,682
1,438,645
540,524
255,504

1,498,008
1,474,673
584,169
268,555

1,496,455
1,510,737
635,839
275,539

1,531,515
1,619,769
541,595
266,563

Total deposits1

—-

Total liabilities i
CAPITAL ACCOUNTS

Capital stock (see memoranda below)
Surplus
Undivided profits
Reserves and retirement account for preferred stock

3,738,355

Total liabilities and capital accounts1

3,825,405

3,918.570

3,959,442

54,780,978

58,972,352

66,156,984

64,531,917

133,910
12,137
1,358,794

Total capital accounts

126,199
10,877
1,361,604

122,287
9,839
1,364,937

118,053
9,551
1,404,492

1,504,841

1,498,680

1,497,063

1,532,096

178,014
14,085

168,944
12,645

164,350
11,606

159,903
11,258

192,099

181,589

175,956

171,161

7,610,039

8,887,463

14,613,515

10,889,550

507,682

475,922

449,279

427,818

92.811
10,477

94,353
11,603

94,679
20,873

97,745
14,365

8,221,009

9,469,341

15,178,346

11,429,478

7,260,044

7,171,671

13,075,738

8,627,686

3,485
510

4,075
629

22,543
293

8,155
330

7,264,039

7,176,375

13,098,574

8,636,171

327,657

360,484

MEMORANDA

Par value of capital stock:
Class A preferred stock
Class B preferred stock
Common stock
Total__

-

Retirable value of preferred capital stock:
Class A pre/erred stock.
Class B preferred stock
Total-Pledged assets and securities loaned:
U. S. Government obligations, direct and guaranteed, pledged to secure deposits and other liabilities __
Other assets pledged to secure deposits and other
liabilities, including notes and bills rediscounted
and securities sold under repurchase agreementAssets pledged to qualify for exercise of fiduciary or
corporate powers, and for purposes other than to
secure liabilities.
Securities loaned
Total.Secured liabilities:
Deposits secured by pledged assets pursuant to requirements of law
Borrowings secured by pledged assets, including
rediscounts and repurchase agreements—
—
Other liabilities secured by pledged assets.
—
Total-Reciprocal balances with banks in the United S t a t e s —

349,306 j

i Excludes reciprocal interbank demand balances with banks in the United States.




5

EE

PORT OF THE COMPTROLLER OF THE CURRENCY
TRENDS IN BANKING

The following table shows the striking changes that have occurred
in recent years in the relationships of the major asset and liability
accounts of national banks to the aggregates ol assets and liabilities.
Distribution of assets and liabilities of national banks, Dec. 81, 1940-43
1940
ASSETS
Securities:
U. S. Government, direct and guaranteed
Obligations of States and political subdivisions
Stock of Federal Reserve banks
Other bonds and securities

1941

1942

1943

Percent
43.49
3.69
.16
2.83

Percent
52.96
3.00
.15
2.01

36.49

50.17

58.12

25.24
17.95
20.10
1.50
.27
.54

26.99
17.46
16.99
1.36
.19
.52

18.62
14.60
15.06
1.06
.11
.38

15.70
11.97
12.95
.85
.05
.36

100.00

Total assets

Percent
27.73
4.65
.20
3.91

34.40

Total securities
Loans and discounts
Cash and balances with other banks, excluding reservesReserve with Reserve banks
...
Bank premises, furniture and fixtures..
Other real estate
All other assets.

Percent
24.55
5.05
.21
4.59

100.00

100.00

100.00

45.15
20.02
1.23
5.93
16.55
1.35

47.04
18.29
2.59
5.95
15.60
1.38

48.80
15.17
8.82'
4.92
13.51
1.24

51.53
15.38
9.21
4.55
11.10
1.45

90.23

90.85

92.46

93.22

68.95
21.28
.87

71. U
19.41
.77

76.62
16.84
.72

77.25
15.97
.64

3.84
3.30
1.76

3.48
3.19
1.71

2.74
2.63
1.45

2.38
2.51
1.25

LIABILITIES

Deposits:
Demand of individuals, partnerships and corporations
Time of individuals, partnerships and corporations .
U . S. Government
.
States and political subdivisions
Banks
Other deposits (including postal savings).
Total deposits
Demand deposits
Time deposit*
Other liabilities
Capital funds:
Capital stock
Surplus
Undivided profits and reserves.
Total capital funds
Total liabilities and capital funds

8.90

8.38

6.82

6.14

100.00

100.00

100.00

100.00

EARNINGS, EXPENSES, AND DIVIDENDS OF NATIONAL BANKS
FOR YEAR ENDED DECEMBER 31, 1943

Gross earnings of national banks in the year ended December 31,
1943, were $1,062,000,000, or $99,000,000 more than those of the
preceding year. Interest and dividends on securities equaled $504,000,000. and interest and discount on loans $366,000,000. Expenses
were $52,000,000 more than in the preceding year, amounting to
$747,000,000. Of this, salaries, wages, and iees accounted for
$315,000,000, interest on deposits and borrowed money $85,000,000,
taxes including income taxes $131,000,000, and recurring depreciation
on banking house, furniture, and fixtures $24,000,000. Net operating earnings were $315,000,000, which were increased by $187,000,000 of recoveries. Recoveries on securities were $59,000,000;
profits on securities sold or redeemed, $54,000,000; and recoveries
on loans $53,000,000. Losses and charge-offs of $152,000,000 were
$6,000,000 more than in the previous year. Losses on securities
were $66,000,000, and losses on loans $43,000,000. Net profits before dividends were thus $350,000,000, and were $107,000,000 more
than in the previous year. The ratio of net profits to capital funds




6

EE PORT OF THE COMPTROLLER OF THE CURRENCY

was 9.08 percent. Cash dividends declared on common and preferred
stock in 1943 totaled $131,000,000, which was $3,000,000 more than
the amount of dividends declared in the previous year.
Interest and dividends on securities were approximately 47 percent
of total earnings in the year ended December 31,1943, with the banks
in Federal Reserve district No. 11 showing the smallest ratio of 37
percent and those in district No. 2 the largest ratio of 56 percent.
Interest and discount on loans accounted for 34 percent of the gross
earnings, varying in ratios from 27 percent in district No. 7 to 43
percent in district No. 12. Salaries, wages, and fees were 30 percent
of total earnings, ranging from 27 percent in district No. 3 to 34
percent in district No. 10. The net operating earnings to gross
earnings showed averages of from 25 percent in district No. 5 to 32
percent in districts Nos. 2, 3, and 7.
Interest and discount on loans to the average total of loans in the
year were less than 4 percent and varied from nearly 3 percent in
district No. 2 to about 4% percent in district No. 12. Interest and
dividends on securities averaged nearly 1% percent of total securities
held, the banks i*i district No. 2 showing the lowest ratio of \}{ percent, while the banks in district No. 3 showed the highest ratio of
almost 2 percent.
Net operating earnings were 8 percent of average total capital
funds, the lowest ratio being 6K percent in district No. 4, and the
highest ratio over 11 percent in district No. 12. The net profits
before dividends for the period were 9 percent of average capital
funds, the ratios ranging from more than 5% percent in district No. 1
to nearly 11 percent in districts Nos. 2, 9, and 12.
The proportion of net profits (before dividends) to gross earnings
was better among the larger banks than among the smaller ones for
the calendar year 1943. For banks with deposits of more than
$100,000,000 the ratio of net profits to gross earnings was 37 percent,
while for banks of $500,000 deposits or less it was about 23% percent.
A comparison of earnings, expenses, and dividends of national
banks for the years ended December 31, 1942, and December 31,
1943, is shown in the following table:
Earnings, expenses, and dividends of national banks for years ended Dec. 81, 1942
and 1943
[In millions of dollars]
1942
Number of banks *
Capital stock (par value) 2 .
Capital funds 2
Earnings from current operations:
Interest and dividends on securities .
Interest and discount on loans
Other current earnings
.
TotalCurrent operating expenses:
Salaries, wages, and fees
Interest on deposits and borrowed money
Taxes...
Recurring depreciation on banking house, furniture, and fixtures.
Other current operating expenses
Total..

1943

5,087
1,511
3,685

5,046
1,508
3,860

354
433
176

504
366
192

963

1,062

297
90
100
24
184

315
85
131
24
192

695 1

747

1 At end of period.
2 Average of amounts shown by reports of condition for each call date in the year and the final call date
in the preceding year.




7EEPORT OF THE COMPTROLLER OF THE CURRENCY
Earnings, expenses, and dividends of national banks for years ended Dec. SI, 19^2
and 194S—Continued
[In millions of dollars]
1943

1942
268

Recoveries and profits:
Recoveries on securities
Profits on securities sold or redeemed __
Recoveries on loans
All other
__
Total
Losses and charge-ofls:
On securities
On loans
All other

—

315

36
30
41
14

Net earnings from current operations

59
54
53
21

121

187

73
43
30

66
43
43

146

152

Net profits before dividends.

243

350

Dividends:
On preferred stock
On common stock:
Cash dividends
Stock dividends

7

6

121
9

125
42

Total

Total
Ratios:
Expenses to gross earnings
Net profits before dividends to capital funds
Cash dividends to capital stock
Cash dividends to capital funds

137

173

Percent
72.19
6.60
8.46
3.47

Percent
70.30
9.08
8.72
3.41

STRUCTURAL CHANGES IN THE NATIONAL BANKING SYSTEM

The authorized capital stock of the 5,049 national banks in existence
at the close of business on December 31, 1943, including 3 inactive
banks, consisted of common capital stock aggregating $1,404,077,240,
a net increase during the year of $45,450,582, and preferred capital
stock aggregating $128,811,576, a net decrease during the year of
$18,182,689.
During the year ended December 31, 1943, in addition to 4 applications with proposed capital stock of $1,750,000 carried over from
the previous period, 22 applications were received to organize national
banks and to convert State banks into national banking associations,
with proposed capital stock aggregating $4,850,000. Of these applications, 13 with proposed capital stock aggregating $3,700,000 were
approved; 6 with proposed capital stock aggregating $850,000 were
rejected; and the remainder were still pending or had been abandoned
on December 31, 1943. From the applications carried over from the
previous period and the 13 applications approved during the current
year, 12 national banking associations with common capital stock
aggregating $2,175,000 were authorized to commence business. Of
the 12 charters issued, 9 with common capital stock aggregating
$1,950,000 were the result of the conversions of State banks.
During the year ended December 31, 1943, three national banks
and one state bank, were consolidated into two national banking associations, under authority of the act of November 7, 1918, as amended,
the common capital stock of the consolidated banks being $775,000.
Additional assets of approximately $1,632,602 were brought into the




8

EE PORT OF THE COMPTROLLER OF THE CURRENCY

national banking system by reason of the State bank consolidating
with the national bank. Also, during this period national banks
reported the purchase of the business of eight State banks, with
aggregate capital stock of $291,000 and aggregate assets of approximately $4,590,983.
During the year ended December 31, 1943, 50 national banks with
common capital stock of $4,162,175, among which were 10 with
preferred capital stock aggregating $966,980, went into voluntary
liquidation in the manner provided by sections 5220 and 5221, U. S.
R. S. Of these banks, 10 with common capital stock of $590,000 and
assets of $6,600,254, including 2 with preferred capital stock of
$45,000, paid their depositors and quit business; 20 with common
capital stock of $1,284,000 and assets aggregating $32,061,988, including 5 with preferred capital stock of $632,000, were succeeded by
other national banks; and 20 with common capital stock of $2,288,175
and assets aggregating $64,595,489, including 3 with preferred capital
stock of $289,980, were succeeded by State banks.
Changes in the number and capital stock of national banks during
the year ended December 31,1943, are shown in the following summary:
Organization, capital stock changes, and liquidations of national banks during the
year ended Dec. 81, 1948
Number
of banks

Charters issued:
Conversions of State banks
.
Primary organizations
Increases of capital stock:
Preferred: 4 banks, by new issues
Common:
68 banks, by regular cash increases
67 banks, by regular stock dividends under sec. 5142, U. S.
R. S
365 banks, by stock dividends under provisions of their
articles of association
6 banks, by conversion of preferred capital stock
2 banks, by consolidation under act Nov. 7, 1918, as
amei * "

Common

Preferred

$1,950,000
225,000
$510,000
6,720,650
35,214,300
5,922,817
753,990
275,000
12

Total increases-

Capital stock

510,000

1,284,000
2,288,175
590,000
625,000

Voluntary liquidations:
Succeeded by national banks
Succeeded by State banks
Quit business
—
Receiverships: Banks in active operation
—
Decreases of capital stock:
Preferred:
740 banks, by retirement
2 banks, by decrease of par value
Common: 9 banks, by reduction
Closed under consolidation (act Nov. 7,1918, as amended).

51,061,757

632,000
289,980
45,000
25,000

824,000

16,900,709
800,000

53

Total decreases
Net change
Charters in force Dec. 31,1942, and authorized capital stock..
Charters in force Dec. 31, 1943, and authorized capital stock..

5,611,175

18,692,689

-41

+45,450,582
1,358,626,658

-18,182,689
146,994,265

1,404,077,240

128,811,576

BRANCHES

On December 31, 1943, 218 national banks were operating 1,603
branches. This total includes 7 branches temporarily discontinued
for the duration of the emergency and 4 seasonal offices.




9

EE

PORT OF THE COMPTROLLER OF THE CURRENCY

During the year ended December 31,1943,12 branches were brought
into the national banking system, all of which were de novo branches.
Of these branches 6 were authorized under the Banking Act of 1933
to operate in places other than the city in which the parent bank is
located. During the same period 13 branches were relinquished, of
which number 11 were discontinued through action of the boards of
directors of the parent banks and 2 through voluntary liquidation of
the parent banks.
Of the 12 branches authorized 10 were operating on December 31,
1943; 3 branches authorized, in 1942 did not begin operations until
1943. As a net result of these operations there was no change for
the system in the total number of branches operating during the year.
NATIONAL BANK NOTES OUTSTANDING

There were, as of December 31, 1943, $130,017,625 of national bank
notes outstanding.
DISTRIBUTION OF ALL BANKS

On December 31, 1943, there were 14,621 banks in the United States
and its possessions, of which 5,040, or 34 percent, were national
banks, members of the Federal Reserve System. Of these, 13,458,
or 92 percent, were insured banks. All banks had deposits of $118,336,126,000, 51 percent of which was in member national banks and
94 percent of which was in insured banks. There were 537 mutual
savings banks which had $11,717,080,000 of deposits.
Classification of all banks, Dec. 81, 19Iß
Banks

Number

5,040
—

Total insured banks
Nonmember uninsured banks:
State commercial and private 3 —
Mutual savings
Total

-

34.47

1,695
3

11.59
.02

6,539
181

National banks
State member banks:
Commercial
Mutual savings
Nonmember insured banks:
State commercial1
Mutual savings

Percent
of grand
total

44.73
1.24

13,458

92.05

810
353

5.54
2.41

14,621

100.00

Deposits
Change in
12 months
(percent
of grand
total)

Percent
of grand
total

Change in
12 months
(percent
of grand
total)

—0.04 $59,960,668

50.67

+0.34

+.75
0

32,291,511
10,181

27.29
.01

-.44
0

-.58
+.88

11,863,598
7,523,879

10.02
6.36

+.49
+4.33

+1.01 111,649,837
-.15
-.86

Amount
(000
omitted)

94.35

+4.72

2,503,269
4,183,020

2.12
3.53

+.32
-5.04

118,336,126

100.00

i Includes 3 nonmember insured national banks and 1 insured private bank,
a Includes 3 nonmember uninsured national banks.

ASSETS AND LIABILITIES OF ALL ACTIVE BANKS IN THE UNITED
STATES AND POSSESSIONS

The assets of all classes of active banks in the United States and
possessions on December 31, 1943, reached a new high level of
$128,122,000,000, exceeding by $18,579,000,000, or 16.96 percent, the
total assets held at the end of 1942.
Loans and discounts of $23,675,000,000 declined $326,000,000 due
principally to the decreased amount of real estate loans outstanding.




10

EE PORT OF THE COMPTROLLER OF THE CURRENCY

Holdings of United States Government obligations on December 31,
1943, of $66,259,000,000 increased in the year $20,200,000,000. This
class of investments was 51.72 percent of the total assets. Obligations
of States and political subdivisions decreased in the year $362,000,000
to $3,564,000,000, and other bonds, notes, and debentures of
$3,352,000,000 were $403,000,000 less than the year before. Cash
and balances with other banks including reserve balances were
$28,612,000,000, a decline of $224,000,000, and real estate owned
other than banking premises of $332,000,000 showed a decline of
$198,000,000.
The deposits of all banks were also at a new high peak, amounting
to $118,336,000,000 at the end of 1943, an increase of $18,070,000,000,
or 18.02 percent, over the deposits at the end of 1942. The major
increases m deposits were in demand funds of individuals, partnerships
and corporations, which increased $11,416,000,000, and in time
deposits of individuals, partnerships and corporations which increased
$4,021,000,000. United States Government and postal savings deposits of $10,532,000,000 increased in the year $2,025,000,000.
The aggregate of capital accounts at the end of 1943 was $9,046,000,000, compared to $8,605,000,000 at the end of 1942.
A comparison of the assets and liabilities of all classes of active
banks in the country on December 31, 1942 and 1943 is shown in the
following statement:
Assets and liabilities of all active banks in the United States and possessions,
Dec. 81, 1942 and 1943
[In millions of dollars]
1942

1943

1 14,722

Total loans..
U . S. Government obligations, direct and guaranteed—
Obligations of States and political subdivisions
—
Other bonds, notes, and debentures
Corporate stocks, including stocks of Federal Reserve banksTotal securities..
Currency and coin
—
—
Balances with other banks, including reserve balances2
Bank premises owned, furniture and fixtures
Real estate owned other than bank premises,
—
Investments and other assets indirectly representing bank premises or other real
6St&t6
_ _
_
_
__ „_
_
Customers' liability on acceptances outstanding
Interest, commissions, rent, and other income earned or accrued but not collected.
Other assets
Total assets.

8,941
7,879
6,855
23,675

46,059
3,926
3,755
631

66,259
3,564
3,352
551
73,726

1,464
27,372
1,190
530

1,612
27,000
1,128
332

123
46
173
273

102
49
220
278

109,543

Loans on real estate
Commercial and industrial loans (including open-market paper).
Other loans, including overdrafts
.

9,373
7,880
6,748

54,371

ASSETS

114,621

24,001

Number of banks

128,122

47,969
26,704
8,507
4,523
11,324
1,239

59,385
30,725
10,532
4,972
11,032
1,690

100,266

118,336

LIABJLITIES

Deposits of individuals, partnerships, and corporations:
Demand
Time
U . S. Government and postal savings deposits
Deposits of States and political subdivisions
Deposits of b a n k s 2 —
Other deposits (certified and cashiers' checks, etc.)
Total deposits 2_.
1 Excludes banks in Guam and the Philippines on account of the war.
Excludes reciprocal interbank demand balances with banks in the United States.

2




11EEPORT OF THE COMPTROLLER OF THE CURRENCY
Assets and liabilities of all active banks in the United States and possessions
Dec. 31y 1942 and 194S—Continued
[In millions of dollars]
1942

1943

LIABILITIES—continued
Bills payable, rediscounts, and other liabilities for borrowed money
Acceptances executed by or for account of reporting banks
Interest, discount, rent, and other income collected but not earned
Interest, taxes, and other expenses accrued and unpaidOther liabilities
Total liabilities

-

52
60
45
208
375

100,938

—

19
52
58
138
405

119,076

281
2,605
3,770
1,323

90
254
2,668
4,105
1,370

CAPITAL ACCOUNTS

Capital notes and debentures
Preferred stock
Common stock
Surplus
Undivided profits
Reserves and retirement account for preferred stock and capital notes and debentures
—

Total liabilities and capital accounts

—

527

559

8,605

Total capital accounts

9,046

109,543

128,122

REPORTS FROM BANKS

National banks in the continental United States, Alaska, the Territory of Hawaii, and the Virgin Islands of the United States were, in
accordance with the provisions of section 5211 of the Revised Statutes,
called upon to submit three reports of condition during the year ended
December 31, 1943. Reports were required as of June 30, October 18,
and December 31. Summaries from all condition reports, by States,
are published in pamphlet form. National banks were also required
by the statute to obtain reports of their affiliates and holding-company
affiliates other than member banks and to submit such reports to the
Comptroller as of the three dates for which condition reports of the
banks were obtained.
Under the general powers conferred upon him by law, the Comptroller required from each national bank during the period indicated
semiannual reports of earnings, expenses, and dividends; also reports
of condition of foreign branches of national banks as of December
31, 1943.
National banking associations authorized to act in a fiduciary
capacity were called upon to submit reports of their trust departments
as of the close of business on December 31, 1943.
In accordance with section 298 of the Code of Law for the District
of Columbia, banks other than national in the District were required
to make to the Comptroller condition reports and reports of earnings,
expenses, and dividends identical with those obtained from national
banks during the year. Building and loan associations and credit
unions in the District of Columbia under the supervision of the Comptroller were required to submit reports of their assets and liabilities as
of December 31, 1943, and reports of receipts and disbursements for
the year ended December 31, 1943.
Detailed figures for reports of condition and earnings and dividends
will be found in the appendix of this report.




REPORT OF THE COMPTROLLER OF THE CURRENCY
EXAMINATION OF NATIONAL BANKS

The National Bank Act requires that each national bank be examined at least twice each year in order that the Comptroller may
be kept currently informed of its condition and require such corrections as are deemed necessary with a view to maintaining each bank
in sound condition. In addition to the regular examinations, special
examinations are conducted of banks the condition of which is regarded as unsatisfactory.
During the year ended December 31, 1943, 10,219 examinations of
banks, 3,164 examinations of branches, 2,130 examinations of trust
departments, and 151 examinations of affiliates were conducted.
Fifteen State banks were examined in connection with conversions to
or consolidations with national banks. Investigations were also conducted in connection with applications for 7 new charters and 10
new branches.
LIQUIDATION OF INSOLVENT NATIONAL BANES

During the year ended December 31, 1943, there were 2 failures of
national banks with total deposits of $5,007,320. The number of receiverships in process of liquidation has been reduced from 54 to 26.
Of the 26, 11 are in charge of the Federal Deposit Insurance Corporation. Of the remaining 15, 6 are in process of paying final dividends and can be closed in the immediate future, 7 are involved in
litigation and 2 have assets to be liquidated before final dividends
can be paid.
LIQUIDATION OF JAPANESE-OWNED BANKS

In February 1942 the Secretary of the Treasury, acting under the
Trading with the Enemy Act and the First War Powers Act, designated the Comptroller of the Currency to supervise the liquidation
of three Japanese-owned banks in Honolulu, T. H. Liquidation of
the banks had proceeded to the point where distribution of 100 percent had been made to the depositors and creditors of two of them
when, on May 10, 1943, the assets of the three banks were delivered
to the Agent for the Alien Property Custodian pursuant to the terms
of Supervisory Orders issued by the Custodian on April 29, 1943, and
all supervision by the Comptroller of the Currency ceased.
ISSUE AND REDEMPTION OF NOTES

One thousand five hundred sixty-six shipments of Federal Reserve
currency were made from Washington, D. C., during the year ended
December 31, 1943, to Federal Reserve agents and Federal Reserve
branch banks, aggregating $6,487,420,000 and, in addition, 57 deliveries were made to the Treasurer of the United States aggregating
$182,260,000.
Three thousand three hundred twenty-five lots of unfit Federal
Reserve currency were received for verification and certification for
destruction consisting of 167,574,683 notes aggregating $1,609,783,773.
Thirty-five lots of national bank notes were received for verification and certification for retirement and destruction consisting of
433,482 notes aggregating $5,963,587.




13

EE

PORT OF THE COMPTROLLER OF THE CURRENCY

Ten thousand two hundred forty-six fragments or charred Federal
Reserve and national bank notes aggregating $173,404 were presented by the Treasurer of the United States for identification and
approval.
ORGANIZATION AND STAFF

On December 31, 1943, the personnel of the Office of the Comptroller of the Currency consisted of 996 persons, of whom 282 were
located in the Washington office, there having been a reduction of
119 during the year in the total number employed, due largely to
inductions into the armed forces.
During the calendar year 1943, 12 national bank examiners and
116 assistant national bank examiners left the service. Of these, 5
examiners and 50 assistant examiners were placed on military furlough. In the same period 5 assistant examiners were promoted to
examiners and 68 persons were given appointments as assistant examiners, 66 of these being for the duration of the war and 6 months
thereafter.
As of December 31, 1943, 190 field employees and 40 Washington
office employees, a total of 230, were serving in the armed forces.
More than 98 percent of the active employees were purchasing war
bonds on the pay-roll allotment plan for an average of more than 11
percent of gross salary. In addition the employees of the Office made
cash purchases of war bonds in the Third War Loan Campaign in an
amount substantially exceeding their quota.
EXPENSES OF THE BUREAU

The expenses of the Office are met largely by fees assessed against
the banks supervised. This figure for the calendar year 1943 was
$3,974,510.39.
This amount was supplemented by Congressional appropriations
totaling $289,812.99.
The expenses of the Division of Insolvent National Banks are
paid from assessments against the banks in process of liquidation.
Such expenses for the calendar year 1943 were $423,516.09.
The expenses of the division of Federal Reserve Issue and Redemption are paid by the Federal Reserve banks. This item for 1943
was $57,665.81.

588768—44

2







APPENDIX
15







CONTENTS
TABLES

No. 1. Principal items of assets and liabilities of national banks, by size
of banks according to deposits, December 31, 1942 and 1943
No. 2. Earnings, expenses and dividends of national banks, by States, for
the year ended December 31, 1943
No. 3. Earnings, expenses and dividends of national banks, by Federal
Reserve districts, for the year ended December 31, 1943
No. 4. Earnings, expenses, and dividends of national banks, by size of
banks, for the year ended December 31, 1943
No. 5. Earnings, expenses, and dividends of national banks, years ended
December 31, 1942 and 1943
No. 6. Number of national banks, capital stock, capital funds, net profits,
dividends and ratios, years ended December 31, 1929-43
No. 7. National bank investments in U. S. Government securities and
other bonds and securities, loans and discounts (including overdrafts) , and losses charged off on account of bonds and securities
and loans and discounts, years ended December 31, 1929-43 . .
No. 8. Foreign branches of American national banks, December 31, 1943No. 9. Consolidated statement of assets and liabilities of foreign branches
of national banks, December 31, 1943
No. 10. Total number of national banks organized, consolidated under act
November 7, 1918, as amended June 16, 1933, insolvent, in
voluntary liquidation, and in existence on December 31, 1943__
No. 11. Number and authorized capital stock of national banks chartered
and the number and capital stock of national banks closed in
each year ended October 31, from 1935 to 1941, inclusive, for the
fourteen month period from November 1, 1941, to December 31,
1942, inclusive, and for the year ended December 31, 1943
No. 12. National banks chartered during the year ended December 31,1943.
No. 13. National banks chartered which are conversions of State banks
during the year ended December 31, 1943
No. 14. National banks reported in liquidation during the year ended
December 31, 1943, the names, where known, of succeeding
banks in cases of succession, with date of liquidation and capital.
No. 15. National and State banks consolidated during the year ended
December 31, 1943, under act, November 7, 1918, as amended.
No. 16. Number of domestic branches of national banks authorized during
the year ended December 31, 1943
No. 17. Number and class of domestic branches of national banks closed
during the year ended December 31, 1943
No. 18. Assets and liabilities of banks in the District of Columbia, by
classes, December 31, 1943
No. 19. Earnings, expenses, and dividends of banks in the District of
Columbia, years ended December 31, 1943 and 1942
No. 20. Summary of assets and liabilities December 31, 1943, and receipts
and disbursements in year ended December 31, 1943, of the 26
building and loan associations in the District of Columbia
No. 21. Summary of assets and liabilities December 31, 1943, and receipts
and disbursements in year ended December 31, 1943, of the 23
District of Columbia credit unions
No. 22. Assets and liabilities of all active banks in the United States and
possessions, by classes, at the close of business December 31,
1943
No. 23. Assets and liabilities of all active banks in the United States and
possessions, by States and Territories, December 31, 1943
17

Page

19
20
26
28
30
31

32
33
33
34

35
35
36
36
37
38
38
39
41
42
43
44
46




18

EE PORT OF THE COMPTROLLER OF THE CURRENCY

No. 24. Per capita demand and time deposits of individuals, partnerships,
and corporations in all active banks, December 31, 1943
No. 25. Officials of State banking departments and number of each class
of active banks under their supervision in December 1943
No. 26. Summary of status, progress and results of liquidation of all
national banks placed in charge of receivers from the date of
the first national bank failure, April 14, 1865, to December 31,
1943
No. 27. Number and deposits of national and District of Columbia nonnational banks placed in receivership period April 14, 1865, to
December 31, 1943, by groups according to percentages of dividends paid to December 31, 1943
No. 28. Liquidation statement, 56 receiverships in liquidation during the
the year ended December 31, 1943
No. 29. Liquidation statement, 30 administered receiverships completely
liquidated and finally closed, during the year ended December
31, 1943
No. 30. Liquidation statement, 26 active receiverships as of December 31,
1943
No. 31. National banks in charge of receivers during year ended December
31, 1943, dates of organization, appointment of receivers and
final closing, with nominal amounts of total assets and total
liabilities at date of failure, capital stock and stock assessments,
amounts collected from all sources, including offsets allowed
and earnings, together with the disposition of such collections,
and various other data indicating the progress and results of
liquidation to December 31, 1943
No. 31-A. District of Columbia State chartered banks, and banks incorporated under the laws of the District of Columbia, under
the supervision of the Comptroller of the Currency, in charge
of receivers during year ended December 31, 1943, dates of
organization, appointment of receivers, and final closing,
with nominal amounts of total assets and total liabilities at
date of failure, capital stock and stock assessments, amounts
collected from all sources, including offsets allowed and earnings, together with the disposition of such collections, and
various other data indicating the progress and results of
liquidation to December 31, 1943
No. 32. Summary of progress and results of liquidation of Japanese-owned
banks liquidated under the supervision of the Comptroller of
the Currency, February 28, 1942, to December 31, 1943
No. 33. Japanese-owned banks in charge of receivers during year ended
December 31, 1943, dates of appointment of receivers, with
capital stock, nominal amounts of total assets and total liabilities at date of failure, amounts collected from all sources, including offsets allowed and earnings, together with the disposition of
such collections, and various other data indicative of the progress
and results of liquidation to December 31, 1943
No. 34. Bank suspensions, by States, in the year ended December 31, 1943
No. 35. Bank suspensions since inauguration of Federal Deposit Insurance,
years ended December 31, 1934 to 1943
No. 36. Fiduciary activities of national banks as of Dec. 31, 1943
No. 37. Classification of investments in living and court trust accounts
under administration by the active national bank trust departments, Dec. 31, 1943

Page

54
56

58

60
61
62
63

64

76
82

83
84
85
86
87




TABLE N O .

1.—Principal items of assets and liabilities of national banks, by size of banks according to deposits, Dec. 31, 1942 and 1943
[In thousands of dollars]
Loans and securities
Number of
banks

m% 1
Banks with deposits of—
$500,000 and under
$500,001 to $750,000.
$750,001 to $1,000,000
$1,000,001 to $2,000,000....
$2,000,001 to $5,000,000....
$5,000,001 to $10,000,000...
$10,000,001 to $25,000,000..
$25,000,001 to $50,000,000..
$50,000,001 to $100,000,000..
$100,000,001 to $500,000,000.
$500,000,001 and over.
Total
Banks with deposits of—
$500,000 and under.
$500,001 to $750,000..
$750,001 to $1,000,000
$1,000,001 to $2,000,000....
$2,000,001 to $5,000,000
$5,000,001 to $10,000,000...
$10,000,001 to $25,000,000..
$25,000,001 to $50,000,000..
$50,000,001 to $100,000,000.
$100,000,001 to $500,000,000.
$500,000,001 and over
Total
1

Total

Loans and
discounts,
including
rediscounts
and overdrafts

TJ. S. Government obligations—
direct and
guaranteed

Cash, balances with
other banks
including
reserves
Other
with
bonds and Federal
securities
Reserve
banks

Deposits
Real
estate

Total

Capital
stock

Surplus,
profits
and

Total

Demand

Time

476
542
511
1,365
1,235
460
280
84
67
54
10

121,770
240,846
317,810
1,411,685
2,771,665
2,332,598
2,988,945
2,072,080
3,232,172
7,701,221
14,490,101

58,991
105,793
127,710
529,107
885,813
685,052
812,784
571,922
930,750
2,020,614
3/472,221

45,264
17,515
99,296
35,757
141,318
48,782
658,570
224,008
1,434,032
451,820
1,289,295
358,251
1,797,264
378,897
1,328,315
171,843
2,010,713
290,709
5,173,338
507,269
9,845,430 1,172,450

72,304
135,535
172,559
721,944
1,373,187
1,114,454
1,526,865
1,140,606
1,701,741
3,540,982
4,749,965

5,842
8,099
35,626
71,538
65,913
77,087
47,159
65,368
123,185
189,694

197,547
382,417
499,046
2,171,183
4,221,186
3,518,637
4,602,906
3,267,285
5,016,378
11,410,000
19,491,556

16,622
24,135
26,545
101,838
165,570
131,093
146,481
86,535
123,318
268,521
411,299

10,668
20,748
26,778
113,807
216,813
171,668
184,253
118,788
162,428
431,373
776,615

170,011
124,160
337,139
236,611
445,108
305,718
1,952,844 1,305,143
3,832,122 2,546,241
3,207,506 2.191.362
4,261,074 3.201.363
3,051,222 2,537,855
4,713,060 4,151,278
10,662,033 9,319,071
18,016,697 16,051,982

45,851
100,528
139,390
647,701
1,285,881
1,016.144
1,059,711
513,367
561,782
1,342,962
1,964,715

5,084

37,680,893

10,200,757

23,822,835 3,657,301

16,250,142

692,873

54,778,141

1,501,957

2,233,939

50,648,816 41,970,784

8,678,032

255
377
401
1,368
1,434
590
357
109
74
69
10

69,254
177,816
1,489,178
3,422,290
3,162,401
4,171,520
2,851,161
3,961,391
11,222,041
16,851,798

23,734
54,433
72,322
378.941
761,702
609,661
813,323
538,883
853.942
2,386,337
3,640,226

38,105
7,415
104,624
18,759
155,698
28,313
942,525
167,712
2,266,734
393,854
2,222,687
330,053
2,959,447
398,750
2,120,882
191,396
2,836,553
270,896
8,321,152
514,552
12,207,688 1,003,884

40,698
83,610
125,445
647,734
1,351,998
1,170,547
1,537,647
1,136,345
1,517,314
3,974,765
4,494,420

1,392
3,211
4,272
26,312
57,452
57,217
75,687
48,721
57,357
128,127
168,986

111, 378
264,728
386,221
2,164,712
4,835,989
4,396,253
5,796,474
4,045,886
5,556,169
15,369,162
21,602,189

8,261
15,632
18,504
85,876
158,577
129,807
158,076
91,639
115,642
307,615
440,186

5,490
12,548
18,487
99,690
217,497
190,359
208,861
136,352
173,421
523,761
840,729

77,028
97,481
170,586
236,002
251,830
348,555
1,976,578 1,393,334
4,452,044 3,097,721
4,067,827 2,838,201
5,417,554 4,047,577
3,803,797 3,124,519
5,245,758 4,484,928
14,482,306 12,716,371
20,028,279 17,645,409

20,453
65,416
96,725
583,244
1,354,323
1,229,626
1,369,977
679,278
760,830
1,765,935
2,382,870

5,044

47,635,183

10,133,504

34,176,095 3,325,584

16,080,523

628,734

64,529,161

1,529,815

2,427,195

Excludes 3 banks without deposits.

2

60,156,181 49,847,504 10,308,677

Excludes 2 banks without deposits.
CO

TABLE NO.

2.—Earnings, expenses, and dividends of national banks for the year ended Dec.31,1943—Continued
[In thousands of dollars]
Earnings from current operations

Location

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

Number
of
banks

35
52
39
124
11
51

Interest
and dividends on
securities

Interest
and discount on
loans

Service
charges
and other
fees on
banks'
loans

Service
charges on
deposit
accounts

Other service
charges, commissions, fees,
and collection
and exchange
charges

Trust department

2,080
1,272
825
21,375
1,746
4,931

1,253
1,228
1,371
16,023
1,131
3,665

3
6
13
399
17
33

214
291
100
1,927
181
634

117
80
43
1,192
36
202

185
54
51
1,495
106
1,082

umer
current
earnings

172
234
108
4,566
98
940

Total earnings from
current
operations

4,024
3,165
2,511
46,977
3,315
11,487

312

32,229

24,671

471

3,347

1,670

2,973

6,118

71,479

409
222
667
13
63
9

93,673
15,955
51,894
313
6,931
3,294

46,521
10,566
29,459
316
2,489
2,156

1,264
93
434
2
23
21

5,330
2,020
2,972
22
278
506

2,446
463
1,412
14
158
69

5,846
1,035
2,116
11
212
219

10,325
2,009
5,395
18
456
355

165,405
32,141
93,682
696
10,547
6,620

1,383

172,060

91,507

1,837

11,128

4,562

9,439

18,558

309,091

130
77
44
22
47
55
66
22
30
439
51
94
69

6,158
2,397
1,950
1,607
4,380
6,662
4,678
1,167
5,604
19,196
2,047
4,387
7,255 1

6,907
3,045
1,876
1,567
5,200
3,476
4,125
896
3,777
22,046
1,635
3,765
6,463

52
27
29
7
65
16
48
3
24
118
11
25
27

875
385
503
489
908
1,069
843
209
724
3,250
455
456
741

372
151
257
438
1,075
866
688
360
627
1,869
379
143
1,095

624
152
100
115
452
389
320
26
222
788
82
116
338

711
521
223
103
898
1,514
960
193
1,297
4,781
399
398
1,050

15,699
6,678
4,938
4,326
12,978
13,992
11,662
2,854
12,275
52,048
5,008
9,290
16,969

1,146 1

67,488 |

64,778 |

452 |

10,907

8,320

3,724

13,048

168,717

Ohio
Indiana
Illinois
Michigan. _
Wisconsin . .
Minnesota .
Iowa..
Missouri

241
125
345
75
97
185
101

136,686

Total Middle Western StatesNorth DakotaSouth DakotaNebraska
Kansas
Montana
Wyoming
Colorado
New Mexico...
Oklahoma
Total Western StatesWashington..
Oregon
California
Idaho
Utah
Nevada
Arizona
Total Pacific States
Total United States (exclusive of possessions).
Alaska (nonmember banks)
The Territory of Hawaii (nonmember bank)
Virgin Islands of the United States (nonmember bank).
Total possessions (nonmember banks)
Total United States and possessions
New York City (central Reserve city)
Chicago (central Reserve city)
Other Reserve cities
Country banks (member banks)
Possessions (nonmember banks).




18,026
9,250
58,638
16,125
10,134
11,977
3,938
8,598

42
36
129
177
41
26
77
22
200
750
41
25
93
16
12
6
5

.877
1,042
4,401
3,638
1,312
574
3,565
681
5,619
21,709 1
9,738
7,843
49,639
1,644
1,432
820
1,017

14,500
5,257
29,583
9,265
4,422
8,478
3,579
7,230

302
88
1,245
311
104
155
14
75

2,133
1,056
4,742
1,388
685
1,408
716
735

423
1,521
1,211
508
1,983
389
592

1,763
278
6,365
827
306
1,154
155
545

3,276
1,204
6,460
1,294
1,053
1,312
455
576

82,314 I

2,294

12,863

7,460

11,393

15,630 I

30
21
217
129
13
24
395
31
180

233
206
935
793
314
114
517
152
1,392

1,040

4,656

58,718

525
350
4,710
23
31
60
37

953
572
7,145
178
305
134
313

21,986
14,076
133,246
3,755
3,237
1,866
3,456

869
1,269
4,213
4,115
866
857
3,369
1,028
7,145

28
23
20
35
9
3
45
13
63

142
290
717
877
190
199
706
165
1,220

456
312
467
375
220
81
283
70
573

23,731

239

4,506

2,837 1

8,249
3,925
60,613
1,411
1,125
718
1,682

115
39
961
9
21
11
92

1,579
944
7,172
342
250
88
208

827
403
3,006
148
73
35
107

5,736

9,600 j

2,635
3,163
10,970
9,962
2,924
1,852
8,880
2,140
16,192

181,622

198

72,133

77,723

1,248

10,583

4,599 !

5,040

502,305

364,724

6,541

53,334

29,448 1

4
1
1

128
1,609
27

130
712
31

3

18
241
1

186
274
35

2

6

1,764

873

3

260

495 j

2

99

3,496
1,061,763
128,470
74,448
433,862
421,487
3,496

34,305 |

67,610 |
40
58
1

5,046

504,069

365,597

6,544

53,594

29,943 1

34,307

67,709

8
9
242
4,781
6

77,291
43,642
203,874
177,498
1,764

31,996
18,693
153,063
160,972
873

1,046
837
3,024
1,634
3

2,703
694
20,592
29,345
260

1,652
268
11,726
15,802
495

5,131
5,685
14,258
9,231
2

8,651
4,629
27,325
27,005
99

i Number of banks as of end of year butfiguresof earnings, expenses, etc., include those of first six months for banks which were inactive at close of year.

1,058,267
504
2,897
95

-Continued
2.—Earnings, expenses, and dividends of national banks for the year ended Dec.31,1943—Continued

TABLE N O .

to
fcO

[In thousands of dollars]
Recoveries and profits

Current operating expenses

Employees
other than
officers

Location

a
Maine
New Hampshire
Vermont
Massachusetts
Rhode Island.
Connecticut

^

523
501
346
4,547
364
1,581




-

Total Southern States

8 S3 8
420
416
258
5,313
359
1,464

54
43
39
247
39
103

Ss

Is

C
IH
à

408
267
311
6,801
527

2,:

155
1,080

13,100

8,230

525

17,171
3,589
9,175
60
919
922

733
375
1,000
8
83
50

6,854
4,056
10,544
98
1,066

6,110

54,762

31,836

1,954
861
737
610
1,422
1,475
1,287
411
1,173
7,687
805
1,226
1,643

548
252
191
149
297
100
212
2,033
221
386
385

2,478
1,136
838
792
2,222
2,416
2,025
508
2,429
9,228
802
1,520
2,493

1,850
793
641
608
1,612
1,752
1,443
379
1,581
6,773
637
1,240
1,791

21,291

5,459

28,887

21,100

1
,
<

5,032

31,459
5,446
14,836
74
1,386
1,561

23,011
133
61
27
21

289
48
70

o

8

622
294
512

30,239

—

-

636
530
355
8,667
498
2,414

©
V
J I«

1,541

-

Total Eastern States
Virginia
West Virginia
North Carolina—South Carolina
Georgia
Florida
Alabama—
Mississippi
LouisianaTexas
Arkansas
Kentucky
Tennessee.

143
163
128
746

!

'O g

2,356
956
2,397
39
233
129

Total New England States
New York
New Jersey..
Pennsylvania
Delaware
Maryland
District of Columbia.

S
<

gig
i s "

§
o

S
a

'S"®

Salaries and wages

Officers

I

3 A

9,413

1,8
785
345
210
652
620
234
754

i,:
10,228

681
369
8,641
717
2,149

2,997
2,394
1,959
32,484
2,332
8,802

1,027
771
552
14,493
983
2,685

1,792

13,237

50,968

20,511

1,852

4,037

54,356
9,007
29,839
240
2,177

32,713

1,—

5,466
38
519
469

19,687
2,056
6,132
74
585
488

97,215

40,231

29,022

19,786

5,136

94,175

264
208

504
205
96
66
400
1,128
481
71
353
1,282
157
912
929

798
308
134
71
302
141
570
113
242
2,931
118
280
467

198
42
124
172
185
420
143
231
1,714
141
108
171

1,834
919
281
299
894
1,746
1,518
411
1,043
6,791
514
1,549
1,650

56

6,584

6,475

3,917

19,449

39,414

7,074

55,035 211,876

2,028
620
498
452
1,554
1,590
943
280
1,877
7,455
465
1,348
2,363

92

h

74
78
27
1,209
30
374

3,216
1,128
2,430
22
115
163

372
200
134
94
300
493
247
51
508
1,209
109
158
437

2,567
1,197
1,049
924
3,115
3,142
2,170
606
2,515
10,676
1,045
1, 716
3,134

21,473

4,312

33,856 121,086

195
163
73
822
71
528

1,026

20
292
47
84
217
864
98
249

7,
2,119
9,319
38,226
3,562
6,712
11,376
47,631

n

2,473

259
207
131
2,934
197

162
128
274
4,045

76
70
1,218
93
295

723
608
402
7,566
635
1,818

1,818

o
o
K

11,752

S

w
o
N

2,111
621

1,

13
834
31

H
w
»
0

1
o

Ohio
Indiana
Illinois
Michigan...
Wisconsin—
Minnesota..
Iowa
Missouri....
Total Middle Western States.
North DakotaSouth Dakota..
Nebraska
Montana
Wyoming
Colorado
New Mexico..
Oklahoma
Total Western States.
Washington. 1.
Oregon.
California
Idaho
Utah.
Nevada
Arizona
Total Pacific States..
Total United States (exclusive of possessions)

4,477
1,903
9,661
2,786
3,290
1,377
2,193

1,085
593
1,758
476
450
827
389
445

6,585
2,837
18,738
6,409
3,478
4,738
1,390
3,619

4,280
2,056
11,257
3,814
2,209
3,287
1,119
2,492

110
371
107
123
192
55
79

4,014
1,742
6,933
3,061
2,116
* 2,432
768
971

2,250
15,207
3,192
1,023
2,620
743
2,165

1,074
379
1,489
544
426
390
157
316

7,820
3,146
19,115
5,733
3,085
5,138
1,711
3,676

27,697

6,023

47,794

30,514

1,330

22,037

32,689

4,775

49,424 185,752

443
682

153
181
467
605
136
102
328
86
816

378
467
1,656
1,525
498
333

428
2,689

337
397
1,270
1,173
398
230
1,276
301
1,993

17
35
72
88
16
17
62
12
70

254
241
522
378
168
131
695
138
541

212
241
1,202
1,200
343
209
936
291
1,674

9,743

7,375

2,010

1,

1,797
462
358
1,302
330
2,616
9,574

1,

2,486
1,440
12,240
550
348
210
385
17,659

3,781

39,023

114,322

22,037

2,119
1,407
15,747
393
334
270
200
20,470

21,955

507
638
2,433
1,929
624
307
1,729
427
3,136

1,879
2,280
7,""
7,167
2,189
1,423
6,674
11,202

756
883
3,134
2,795
735
429
2,206
453
4,990

42,337

1,885

12,790

6,034

10
667
344
21
36
134
21
228

170
96
522
549
391
93
446
260
1,052

113
34
282
335
36
35
151
25
165

1,494

3,579

1,176

396
4,845
73
54
14
91

213
136
2,050
57
12
101
15

4,090

6,172

2,584

16,381

1,—

105
34
1,306
161
117

1
1

630
35
360

27,946 131,689

49,933

2,217

6,121
2,

532
714

270
905

54,112

15
434

63

312

Total United States and
possessions

114,756

25,851

131,564




6,203
13,019

10,108

2,457
62
146
20
336

18,800

1,245
779
3,702
1,152
670
480
209
648

121,092

Total possessions (nonmember banks)

1 Number at end of period.

4,241

1,409
570

947
353
5,466
299
499
1,675
101
768

665
300
!, 002
92
70
28
84

Alaska (nonmember banks)
The Territory of Hawaii (nonmember bank)
Virgin Islands of the United States
(nonmember bank)

New York City (central Reserve
city)
Chicago (central Reserve city)
Other Reserve cities..
Country banks (member banks)...
Possessions (nonmember banks). _.

11,080
5,188
37,038
8,589
4,951
7,667
3,043
5,332

11,730

74
265
249
78
68
181
61
476

3,068
15
277

29,753
12,368
71,516
21,832
12,261

618
729
2,281
473
772
616
157

20,665

39

2

312

9,707
4,755
38,039
61,821
434

16

6,123
18,443

25,315
12,489
87,808
67,697
765

12,758
6,472
51,474
50,388
367

1,632
3,850
30,511
47,853
760

19,087
12,442
59,642
40,081
312

75

2,726

770

12

10

23,789 191,594 746,434 315,329

59,652

54,122

52,900

20,669

2,274
727
9,160
11,553
75

31,061
4,810
10,609
13,160
12

17,274
2,346
16,486
18,006
10

12,738
5,134
15,822
19,153
53

8,409
9,494
4

2 Number of full-time and part-time employees at end of period.

24,895 83,257
12,432 46,799
78,449 304,781
75,452 308,871
2.726

1,142

1,6

TABLE

NO.

2.—Earnings, expenses, and dividends of national banks for the year ended Dec. 31, 1943—Continued

to

[In thousands of dollars]

Location

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 securities

394
267
145
2,777
203
643

On loans All other

Ratios

Dividends

Losses and charge-offs

Total
losses
and
chargeoffs

Net
profits
before
dividends

On common stock
On preferred
stock

191
129
138
3,900
158
379

85
81
56
3,978
331
358

670
477
339
10,655
692
1,380

4,429

4,895

4,889

14,213

18,050

431

13,657
2,292
8,550
31
1,179
641

17,662
1,400
4,234
32
139
133

3,287
1,222
5,343
26
109
498

34,606
4,914
18,127
89
1,427
1,272

89,095
9,099
28,221
288
2,827
1,425

560
950
387
2
68
25

26,350

23,600

10,485

60,435

130,955

1,992

622
176
94
70
150
652
1,332
209
597
2,031
158
918
1,409

407
189
45
24
934
319
387
53
377
1,534
52
256
805

420
356
44
29
252
319
683
177
346
1,638
60
172
434

1,449
721
183
123
1,336
1,290
2,402
439
1,320
5,203
270
1,346
2,648

4,665
2,011
1,407
1,399
3,201
4,624
3,181
707
2,679
15,410
1,690
2,781
4,595

21
27
5
26
23
4
105
37
76
197
22
64
140

8,418

'5,382

4,930

18,730

48,350

747

1,080
902
615
11,404
926
3,123

49
41
25
162
6
148

Cash
dividends

Stock
dividends

Total
dividends

Capital
funds 1

Net
profits
before Expenses
to gross
dividends to earnings
capital
funds

80
13
14
117
93
120

540
349
225
7,258
657
1,344

• 18,499
15,395
10,442
213,913
17,546
45,193

Percent
5.84
5.86
5.89
5.33
5.28
6.91

9,505

437

10,373

320,988

5.62

71.30

28,529
1,551
12,140
138
1,452
677

626
583
1,428
2

29,715
3,084
13,955
142
1,520
702

787,413
117,401
456,121
4,615
34,724
22,931

11.31
7.75
6.19
6.24
8.14
6.21

57.14
71.98
68.15
65.52
79.36
75.89

44,487

2,639

49,118 1,423,205

9.20

68.55

1,968
670
524
443
1,589
1,075
1,092
191
885
6,524
612
1,116
1,660

167
19
31
31
125
1
100
2
685
264
91
2

2,156
716
560
469
1,643
1,204
1,198
328
963
7,406
898
1,271
1,802

57,545
26,054
16,219
12,282
37,367
42,201
38,548
8,751
35,598
172,735
16,034
33,858
51,298

8.11
7.72
8.68
11.39
8.57
10.96
8.25
8.08
7.53
8.92
10.54
8.21
8.96

72.74
72.85
73.49
71.73
71.93
70.21
65.14
74.25
75.92
73.44
71.13
72.25
67.04

18,349

1,518

20,614

548,490

8.82

71.77

411
295
186
6,979
558
1,076

Percent
74.48
75.64
78.02
69.15
70.35
76.63

hj
O

n
o
g

»
o
o

£
§
g
w

o
H
tt
Ö
0

1
g
o

Ohio
Indiana
Illinois
Michigan..
Wisconsin. _
MinnesotaIowa
Missouri. __
Total Middle Western StatesNorth DakotaSouth DakotaNebraska
Montana
Wyoming
Colorado
New Mexico .
Oklahoma
Total Western StatesWashington..
Oregon
California
Idaho
Utah
Nevada
Arizona
Total Pacific States.
Total United States (exclusive of possessions).

1,480
701
11,302
1,013
570
1,895
348
941

383
342
1,286
416
204
466
96
246

958
1,028
11,713
782
365
547
310
316

2,821
2,071
24,301
2,211
1,139
2,908
754
1,503

12,478
5,548
30,307
8,834
6,467
9,799
3,026
6,538

454
160
167
365
33
56
22
55

3,655
1,287
13,039
2,283
1,506
2,676
601
2,411

877
661
31,913
37
229
205
312
189

4,986
2,108
45,119
2,685
1,768
2,937
935
2,655

155,877
62,333
365,229
88,450
61,188
89,143
29,590
64,743

18,250

3,439

16,019

37,708 1

82,997

1,312

27,458

34,423

63,193

73
60
1,429
343
164
39
635
58
196

35
66
111
147
160
60
116
113
489

126
74
184
201
39
6
72
38
177

234
200
1,724
691
363
105
823
209
862

943
857
4.187
3,493
937
499
2,744
585
5,933

5
10
24
27
3
8
13
7
30

184
171
1,240
1,054
452
219
964
203
1,958

126
121
676
491
5
5
116
6
225

315
302
1,940
1,572
460
232
1,093
216
2,213

2,997

1,297

917

5,211

20,178

127

6,445

1,771

285
762
4,104
128
13
41
191

276
186
3,877
20
6
11
83

544
299
4,502
62
178
22
232

1,105
1,247
12,483
210
197
74
506

6,151
4,285
35, 781
897
978
613
469

53
2
1,457
10
1

1,815
772
15,179
311
310
147
216

5,524

4,459

5,839

15,822

49,174

1,544

18,750

587

65,968

43,072

43,079

152,119

349,704

6,153

124,994

41,375

7
4

25
4

16
10

48
18

168
590

1

30

25

5

2

3

27

96

753

5

363

3

152,215 i

350,457

6,158

125,357

29,034
20,611
51,098
51,376
96

78,394
20,948
129,309
121,053
753

4
27
2,714
3,408
5

Alaska (nonmember banks).
The Territory of Hawaii (nonmember bank)
Virgin Islands of the United States (nonmember
bank)

29

Total possessions (nonmember banks).

40

29

66,008

43,101

43,106 1

• 11,510
8,815
22,287
23,356
40

15,511
790
12,477
14,294
29

2,013
11,006
16,334
13,726
27

Total United States and possessions
New York City (central Reserve city)..
Chicago (central Reserve city)
Other Reserve cities
Country banks (member banks)
Possessions (nonmember banks),..

21

72.87
70.45
65.88
71.77
71.24
71.03
67.09
70.94

916,553

9.06

69.15

7,020
7,773
33,315
32,604
9,455
6,669
32,216
5,047
58,602

13.43
11.03
12.57
10.71
9.91
7.48
8.52
11.59
10.12

71.31
72.08
71.43
71.94
74.86
76.84
75.16
78.83
69.18

8,343

192,701

10.47

72.10

1,868
799
16,683
836
311
147
237

52,052
31,541
338,815
8,935
8,902
3,896
5,113

11.82
13.59
10.56
10.04
10.99
15.73
9.17

73.92
70.01
72.14
76.43
71.42
71.06
85.27

20,881

449,254

10.95

72.51

172,522 3,851,191

9.08

70.28

1,071
7,943

15.69
7.43

63.49
80.60

10

238

2 2.10

74.74

371

9,252

8.14

77.97

41,378

172,893 : 3,860,443

9.08

70.30

30,500
2,740
8,135
3

639,835
25,886
262,881
41,174
55,663 1,433,072
49,799 1,515,403
9,252
371

12.25
7.97
9.02
7.99
8.14

64.81
62.86
70.25
73.28
77.97

25
47
515

93
268

25,882
10,647
50,209
38,256 «
363

i Represents aggregate book value of capital stock, surplus, undivided profits, reserves and retirement fund for preferred stock.
condition for 4 call dates from Dec. 31, 1942, to Dec. 31, 1943, inclusive.
* Deficit.




8.00
8.90
8.30
9.99
10.57
10.99
10.23
10.10

93
268

Figures are averages of amounts from reports of

cO
Oi

TABLE NO.

to

3.—Earnings, expenses, and dividends of national banks, &?/ Federal Reserve districts, /or the year ended Dec.
[In thousands of dollars]
District District District District District District District District District
No. 9
No. 8
No. 7
No. 5
No. 4
No. 6
No. 1
No. 3
No. 2

Earnings from current operations:
Interest and dividends on securities
Interest and discount on loans
Service charges and other fees on banks'
loans.
Service charges on deposit accounts
Other service charges, commissions, fees,
and collection and exchange charges.
Trust department
Other current earnings
Total earnings from current operationsCurrent operating expenses:
Salaries and wages:
Officers
Employees other than officers
Number of officers1
Number of employees other than
officers
Fees paid to directors and members of
executive, discount and advisory committees
Interest on time deposits (including savings deposits)
Interest and discount on borrowed
money.
Taxes, including income taxes.
Recurring depreciation on banking house,
furniture and fixtures
Other current operating expenses
Total current operating expenses




Nonmember
banks

Grand
total

31,284
23,743

106,750
55,396

38,540
24,627

37,087
24,162

22,048
17,683

26,176
20,143

92,001
46,987

17,884
15,195

16,830
12,748

21,167
22,931

20,426
23,453

72,112
77,656

1,764
873

504,069
365,597

466
3,192

1,329
6,962

292
2,635

485
3,198

157
3,016

159
4,061

1,694
7,825

159
1,883

241
2,251

183
4,194

128
3,539

1,248
10,578

3
260

6,544
53,594

1,634
2,839
5,863

2,804
6,810
11,790

1,062
1,714
4,129

1,398
2,454
5,656

1,438
1,396
2,321

3,830
1,540
5,131

3,589
7,800
9,591

2,000
605
2,098

3,127
1,240
2,281

1,894
1,347
4,048

2,089
824
5,116

4,583
5,736
9,586

495
2
99

29,943
34,307
67,709

69,021

191,841

72,999

74,440

48,059

61,040

169,487

39,824

38,718

55,764

55,575

181,499

7,543
12,540
1,473

18,320
36,105
3,088

7,445
11,228
2,019

8,142
12,226
2,012

5,807
8,091
1,473

6,512
10,473
1,492

15,679
31,098
2,947

4,945
6,512
1,361

5,399
6,579
1,491

8,725
9,622
2,484

8,177
9,834
2,174

17,628
39,001
3,774

434
765
63

114,756
194,074
25,851

7,874

20,186

7,242

7,693

5,658

7,473

18,968

4,940

4,818

7,023

7,195

22,022

367

121,459

3,496 1,061,763

1,014

950

511

367

301

620

258

300

338

313

392

14

5,882

10,463

8,145

7,716

4,587

3,859

12,971

2,856

3,650

2,603

1,819

20,457

760

84,606

7
9,172

83
24,032

g
8,303

g
9,274

4
7,522

4
37 *
21,223
7,052

10
4,972

2
3,634

3
6,207

2
7,923

3
21,938

312

169
131,564

1,706
12,776

4,065
36,536

1,898
11,437

2,091
13,172

1,062
8,433

1,713
12,688

2,687
30,338

834
7,762

720
7,546

1,344
11,137

1,353
11,471

4,241
27,932

75
366

23,789
191,594

130,618

49,414

53,138

35,873

42,635

114,620

28,149

27,830

39,979

40,892

131,592

2,726

20,053

61,223

23,585

21,302

12,186

18,405

54,867

11,675

10,888

15,785

14,683

1,768
3,946
3,961
1,755
—

504
4,720

48,968

Net earnings from current operations
Recoveries and profits:
Recoveries on securities
Profits on securities sold or redeemed
Recoveries on loans
All other
Total recoveries and profits.

District District District
No. 12
No. 10
No. 11

33,570
21,523
15,865
2,610

3,836
5,118
2,338
1,213

3,004
2,768
2,943
1,217

1,487
1,913
1,543
1,478

584
2,987
1,604
1,238

6,431
5,924
7,702
4,115

1,040
2,115
1,410
830

2,059
689
3,107
869

2,665
1,679
3,178
1,009

989
1,365
3,040
1,749

11,430 I 73,568

12,505

9,932

6,421 !

6,413 I 24,172

5,395

6,724

8,531 1

7,143

49,907 |
2,207
4,085
6,156
2,582
15,030 j

746,434

770

315,329

12
10
53
4

59,652
54,122
52,900
20,669

79

187,343

Losses and charge-offs:

On securities
On loans
_
All other
Total losses and charge-offs
Net profits before dividends. _
Dividends:
On preferred stock
On common stock:
Cash dividends
Stock dividends.
Total dividends
Number of banks 1
Loans
Securities
ZZZZZZZZZZZZZI
Capital stock (par value)
Capital funds
Ratios to gross earnings:
Interest and dividends on securities..
Interest and discount on loans
Service charges on deposit accounts..
All other current earnings
Total gross earnings
Salaries, wages and fees
Interest on time deposits
All other current expenses.
Total current expenses
Net current earnings
Ratios to loans:
Interest and discount on loans
Recoveries on loans.
Losses on loans
Ratios to securities:
Interest and dividends on securitiesRecoveries on securities
Profits on securities sold
Losses on securities
Ratios to capital stock (par value):
Net current earnings
Net profits before dividends
Cash dividends.
Ratios to capita] funds:
Net current earnings
Net profits before dividends
Cash dividends

4,327
4,833
4,738
13,898
17,585

15,324
18,672
4,134
38,130
96,661

6,564
4,229
4,697
15,490
20,600

4,454
956
2,310
7,720
23,514

381

1,261

573

577

9,389
437
10,207
301
733,917
2,211,139
115,564
312,647
Percent
45.33
34.40
4.62
15.65
100.00
29.83
6.84
34.28
70.95
29.05

29,827
1,194
32,282
565
2,071,879
8,116,950
316,791
880,377
Percent
55.64
28.88
3.63
11.85
100.00
28.90
5.46
33.73
68.09
31.91

2,748
3,327
920
2,580
1,403
2,152
5,071
8,059
13.536 1 16,759
171

9,916
5,633
6,919
839
214
1,496
11,328
8,992
6,018
564
337
493
585,753 626,045 409,335
2,031,817 2,322,779 1,454,225
68,071
125,793 130,121
331,831 335,303 165,739
~Percent ~Percent Percent
45.88
52.79
49.82
36.79
33.74
32.46
6.28
3.61
4.30
11.05
9.86
13.42
100.00
100.00
100.00
26.88
28.05
WW
11.16
10.36
9.54
29.65
32.97
35.42
67.69
74.64
71.38
32.31
28.62
25.36

384

23,080
2,032
13,934
29,046
49,993
654

5,449
17,681
261
32,854
6,094
51,189
26Ô"
537"
538,896 1,500,722
1,697,845 6,352,237
85,104 222,303
185,217 561,106
Percent Percent
42.88
54.28
33.00
27.72
6.65
4.62
17.47
13.38
100.00
100.00
28.32
2797"
6.32
7.65
35.21
32.01
69.85
67.63
30.15
32.37

2,949
2,323
2,306
3,050
872
1,094
1,601
825
725
633
1,682
832
4,454 i 3,963 • 4,869 j 5,606
I
13,649 1 19,447
12,616
16,220
175
4,741
728
5,644
3lT
427,234
1,176,408
54,912
131,820
Percent
44.91
38.15
4.73
12.21
100.00
WW
7.17
34.09
70.68
29.32

94
3,754
479
4,327
358"
332,255
1,142,482
53,509
125,252
Percent
43.47
32.93
5.81
17.79
100.00
31.71
9.43
30.74
71.88
28.12

140
6,099
1,595
7,834
637"
526,423
1,553,553
77,528
190,641
Percent
37.96
41.12
7.52
13.40
100.00
33.50
4.67
33.52
71.69
28.31

199
6,856
691
7,746
Ì73"
563,384
1,425,905
77,758
182,231
Percent
36.75
42.20
6.37
14.68
100.00
32.97
3.27
37.34
73.58
26.42

5,516
4,458
5,839
15,813
4% 124 _
1,544

40
29
27
96
753

66,008
43,101
43,106
152,215
350,457

5

6,158

18,730
363
125,357
587
3
41,378
20,861
371
172,893
W
6
5,046
1,742,023
17,081 10,074,947
4,864,488 105,657 34,455,485
3,800 1,508,170
176,916
9,252 3,860,443
449,027^
Percent Percent Percent
47.48
50.46
39.73
34.43
24.97
42.79
5.05
7.44
5.83
13.04
17.13
11.65
100.00
100.00
100.00
3L42~
29.64
34~6T
7.97
11.27
21.74
32.69
21.54
29.81
72.50
77.97
70.30
29.70
27.50
22.03

3.24
.54
.66

2.67
.77
.90

4.20
.40
.72

3.86
.47
.15

4.32
.38
.22

3.74
.30
.48

3.13
.51
.14

3.56
.33
.20

3.84
.94
.25

4.36
.60
.21

4.16
.54
.28

4.46
.35
.26

5.11
.31
.17

3.63
.53
.43

1.41
.08
.18
.20

1.32
.41
.27
.19

1.90
.19
.25
.32

1.60
.13
.12
.19

1.52
.10
.13
.19

1.54
.03
.18
.20

1.45
.10
.09
.21

1.52
.09
.18
.25

1.47
.18
.06
.20

1.36
.17
.11
.20

1.43
.07
.10
.16

1.48
.05
.08
.11

1.67
.01
.01
.04

1.46
.17
.16
.19

17.35
15.22
8.45

19.33
30.51
9.81

18.75
16.38
8.34

16.37
18.07
5.76

17.90
19.89
8.53

21.63
19.69
6.85

24.68
22.49
8.25

21.26
22.97
8.95

20.35
25.51
7.19

20.36
25.08
8.05

18.88
20.86
9.07

28.21
27.77
11.46

20.26
19.82
9.68

20.91
23.24
8.72

6.41
5.62
3.12

6.95
10.98
3.53

7.11
6.21
3.16

6.35
7.01
2.24

7.35
8.17
3.50

9.94
9.05
3.15

9.78
8.91
3.27

8.86
9.57
3.73

8.69
10.90
3.07

8.28
10.20
3.27

8.06
8.90
3.87

11.11
10.94
4.52

8.32
8.14
3.98

8.17
9.08
3.41

* Number at end of year. Remainingfiguresinclude earnings, expenses, etc., of those banks which reported for thefirsthalf of the year only.
NOTE.—The figures of loans, securities, capital stock, and capital funds are averages of the amounts reported for each call date in the current year and thefinalcall date in the
preceding year.




fcO

TABLE N O .

4.—Earnings, expenses, and dividends of national banks,

&?/ SIZE 0 /

banks, for the year ended Dec.

SI,

to

00

TOTAL UNITED STATES A N D POSSESSIONS
[In thousands of dollars]
Banks operating throughout entire year1 with deposits on Dec. 31,1943, of—
$600,000 $500,001 $750,001 $1,000,001 $2,000,001 $5,000,001
and
to
to
to
to
to
under2 $750,000 $1,000,000 $2,000,000 $5,000,000 $10,000,000
Number of banks
Total deposits3
Capital stock, par value3.
Capital funds3

254
97,035
8,216
13,689

Earnings from current operations:
Interest and dividends on securitiesInterest and discount on loans
Service charges and other fees on
banks' loans
Service charges on deposit accountsOther service charges, commissions,
fees, and collection and exchange
charges
...
Trust department
Other current earnings
Total earnings
operations

from

current

Current operating expenses:
Salaries and wages:
Officers
Employees other than officers..
Fees paid to directors and members
of executive, discount and advisory committees....
Interest on time deposits (including
savings deposits)
Interest and discount on borrowed
money
Taxes, including income taxes.
Recurring depreciation on banking
house, furnit
liture and fixtures.
Other current operating expenses....
Total current operating expenses.
Net earnings from current operations . . .




376
235,463
15,582
28,115

778
1,637

2,014
3,411

2,985
4,537

17,083
22,318

11
155

29
351

32
561

150

361
3

2,830

191

1,434
400
1,365
347,647 1,972,716 4,452,044
18,454
158.853
85,777
36,870
376,074
185,237

$10,000,001 $25,000,001 $50,000,001 $100,000,001 $500,000,001
to
to
to
to
$25,000,000

$50,000,000 $100,000,000 $500,000,000

4,062,730
129,881
319,945

354
5,378,847
156,976
364,794

107
3,741,892
90,739
225,147

74
5,245,758
115,642

39,811
42,013

36,745
31,599

45,869
36,004

30,656
21,065

217
3,042

388
7,540

310
6,675

483
8,720

539
7

2,438
162
2,188

4,222
730
5,231

3,279
1,950
5,474

6,435

9,029

47,448

99,935

1,621
498

2,166
784

9,622
5,189

16,758
14,139

and over

i
Total

14,482,306
307,615
831,376

10
20,028,279
440,186
1,280,915

5,032
60,044,717
1,527,921
3,951,225

41,435
29,185

115,831
70,292

170,221
103,006

503,428
365,067

385
4,564

308
4,435

1,297
8,617

3,077
8,775

6,537
53,435

3,303
3,108
7,442

1,731
2,301
5,503

2,786
3,542
6,695

6,197
9,552
13,557

4,871
12,862
20,789

29,877
34,217
67,612

86,032

104,929

66,205

225,343

323,601

1,060,173

11,971
14,852

12,795
20,547

7,326
13,219

19,026
45,618

61,745

114,528
193,782

n
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w
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1-3

9,074
17,000

101

155

745

1,342

852

810

376

379

618

453

5,876

1,146

6,344

12,826

10,402

10,593

4,943

5,898

13,286

17,853

779

7
4,107

6
8,924

13
7,447

6
9,871

29

54

16
30,395

37
50,163

169
131,455

1,701
13,729

2,061

5,725
53,000

23,763
191,248

d
g

84,391

1

253

11,628

85
514

180
1,142

257
1,498

1,283
7,912

2,875
16,810

2,400
15,639

2,611
20,212

17,823

4,585
42,969

2,201

4,914

6,786

35,209

73,680

63,576

77,445

48,659

63,917

156,513 I

212,312 I

745,212

1,521 I

2,243 I

12,239

27,484

17,546 j

24,469

68,830 i

111,289 j

314,961

629

tei

O

820

45

w

6,255 I

1,456 I

d

Recoveries and profits:
Recoveries on securities
Profits on securities sold or redeemed
Recoveries on loans
All other

44

180

246

1,539

3,203

3,119

3,657

1,935

2,279

6,613

36,697

59,512

67
218
50

171
383
135

226
484
185

1,470
2,350
1,006

3,971
4,407
2,213

3,699
3,752
2,246

4,515
4,421
2,329

3,633
2,751
1,182

5,204
2,292
1,500

8,549
10,544
5,231

22,522
21,197
4,556

54,027
52,799
20,633

Total recoveries and profits

379

869

1,141

6,365

13,794

12,816

14,922

9,501

11,275

30,937

84,972

186,971

74
159
104

165
265
163

253
368
216

2,123
1,781
1,441

5,350
3,374
3,251

5,545
2,797
3,292

6,536
3,312
3,048

3,057
1,863
2,555

4,706
1,825
1,687

16,462
6,960
7,601

21,537
20,355
19,723

65,808
43,059
43,081

337

593

837

5,345

11,975

11,634

12,896

7,475

8,218

31,023

61,615

151,948

671

1,797

2,547

13,259

28,074

23,638

29,510

19,572

27,526

68,744

134,646

349,984

22

39

69

277

554

845

934

321

779

1,239

1,067

6,146

281
74

647
182

951
130

4,744
857

9,769
1,712

7,510
1,852

8,601
2,854

5,626
1,524

7,023
1,205

24,521
750

55,622
30,000

125,295
41,140

377

868

1,150

5,878

12,035

10,207

12,389

7,471

9,007

26,510

86,689

172,581

11
9
2
3

17
13
4
5

23
17
6
6

35
26
9
10

70
52
18
20

146
108
38
40

296
219
77
83

619
455
164
183

1,194
864
330
372

3,266
2,268
998
996

32,360
21,231
11,129
13,465

211
148
63
70

$0.65
.69

$0.65
.76

$0.65
.73

$0.62
.67

$0.59
.63

$0.55
.58

$0.51
.55

$0.47
.52

$0.47
.52

$0.48
.47

$0.56
.67

$0.52
.58

4.59
4.90
2.21

5.41
6.39
2.44

6.08
6.91
2.77

6.61
7.16
2.71

6.98
7.47
2.74

7.02
7.39
2.61

7.53
8.09
2.61

7.79
8. 69
2.64

8.46
9. 52
2.70

8.28
8.27
3.10

8.69
10. 51
4.43

7.97
8.86
3.33

Number of officers at end of pe; iod
Number of employees other than officers at end of period

516

874

1,061

3,992

5,525

3,005

2,512

1,187

1,396

2,575

3,139

25,782

324

666

948

5,066

11,234

10,696

14,019

8,802

11,050

26,521

31,789

121,115

Net profits before dividends to Rross
earnings

Percent
23.71

Percent
27.92

Percent
28.21

Percent
27.94

Percent
28.09

Percent
27.48

Percent
28.12

Percent
29.56

Percent
31.14

Percent
30. 51

Percent
41.61

Percent
33.01

o
H

Excludes 2 banks with no deposits.
Includes 21 banks with deposits of less than $250,000 each, a size group classification published separately in the previous year.
3 The deposits, capital stoc v , ani capital funds shown in this table are as of end of period. The latter represents the aggregate book value of capital stock, surplus, undivided
profits, reserves and retirement fund for preferred stock.

fcO
CD

Losses and charge-offs:
On securities
On loans
All other
Total losses and charge-ofTs
Net profits before dividends
Dividends:
On preferred stock
On common stock:
Cash dividends
Stock dividends
Total dividends
Average per bank:
Gross earnings from current operations
Current operating expenses
Net earnings from current orerations
Net profits before dividends
Per $100 of deposits:
Net earnings from current operations
Net profits before dividends
Per $100 of capital funds:
Net earnings from current operations
Net profits before dividends
Cash dividends .




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30

EE

TABLE

NO.

PORT OF THE COMPTROLLER OF THE CURRENCY
5.—Earnings, expenses, and dividends of national banks, years ended
Dec. 81, 1942 and 1948

[in thousands of dollars.

Figures for previous years, beginning 1917, published in reports for 1938, p. 100;
1940, p. 17, and 1942, p 34]
1943

1942
Number of b a n k s . . .

-

5,087

5,046

1,504,841
3,738,355

-

Capital stock, par value

1,532,096
3,959,442

Amount
Earnings from current operations:
Interest and dividends on securities
Interest and discount on loans
Service charges and other fees on banks' loans
Service charges on deposit accounts
Other service charges, commissions, fees, and collection and exchange charges
Trust department.
Other current earnings
-

Percent to
total

Amount

Percent to
total

354,306
432,388
5,626
46,429

Number of employees other than officers2
Fees paid to directors and members of executive,
discount, and advisory committees
Interest on time deposits (including savings deposits)
Interest and discount on borrowed money
Taxes, including income t a x e s —
Recurring depreciation on banking house, furniture, and fixtures..
Other current operating expenses

2.54
3.42
6,93

29,943
34,307
67,709

2.82
3.23
6.38

100.00

1,061,763

100.00

111,937
179,532
25,367
114,923

Employees other than officers

47.47
34.43
.62
5.05

962,837

Current operating expenses:
Salaries and wages:

504,069
365,597
6,544
53,594

24,416
32,981
66,691

Total earnings from current operations

36.80
44.91
.58
4.82

16.11
25.83

114,756
194,074
25,851
121,459

15.37
26.00

5,822

5,882

.79

12.93
.01
14.38

84,606
169
131,564

11.33
.02
17.63

24,280
183, 588

3.49
26.41

23,789
191,594

3.19
25.67

695,034

Total current operating expenses..

.84

89,867
64
99,944

100.00

746,434

100.00

267,803

Net earnings from current operations
Recoveries and profits:
Recoveries on securities.
Profits on securities sold or redeemed
Recoveries on loans
All other

315,329

36,170
30,474
40,659
14,283

31.84
28.89
28.24
11.03

100.00

187,343

100.00

73,253
43,134
29,659

50.16
29.53
20.31

66,008
43,101
43,106

43.36
28.32
28.32

146,046

Total losses and charge-offs

59, 652
54,122
52,900
20,669

121,586

Total recoveries and profits
Losses and charge-offs:
On securities
On loans
All other

29.75
25.06
33.44
11.75

100.00

152,215

100.00

243,343

Net profits before dividends
Dividends:
On preferred stock
On common stock:
Cash dividends
Stock dividends

350,457

6,683

Total dividends

6,158

121,177
8,944

125,357
41,378

136,804

172,893
Percent
30.88
9.33
31.98

Ratios to gross earnings:
Salaries, wages, and fees
Interest on time deposits
All other current expenses
Total current expenses

72.19

Net current earnings..

27.81 I —

Percent
29.64
7.97
32.69

Ratio of cash dividends to capital stock (par value)
Ratio of cash dividends to capital funds

1
J

|

70.30
29.70

8.50 |
I
8.58
3.42 !
1
3.32
1 Represents aggregate book value of capital stock, surplus, undivided profits, reserves, and retirement
account for preferred stock.
2 Number on pay roll at end of period.
NOTE—The number of banks, capital stock and capital funds used in this table are as of end of period;
but figures of earnings, expenses, etc., include those of first six months for banks which were inactive at
close of year.

TABLE NO.

6.—Number of national banks, capital stock, capital funds, net profits, dividends and ratios, years ended Dec. 31, 1929-43
[In thousands of dollars.

Figures for previous years published in report for 1938, p. 115]

Capital stock (par value) »
Number of
banks

1929.
1930.
1931.
1932.
1933.
1934.
1935.
1936.
1937.
1938.
1939.
1940
1941.
1942.
1943

7,408
7,038
6,373
6,016
* 5,159
4 5,467
5,392
5,331
5,266
5,230
5,193
5,150
5,123
5,087
5,046

Preferred

92,469
349,470
510,511
447,501
305,842
267,495
241,075
204,244
182,056
156,739
135,713

Common

1,650,574
1,724,028
1,680,780
1,597,037
1,507,834
1,359,573
1,280,813
1,259,027
1,285,946
1,310,243
1,320,446
1,328,071
1,341,398
1,354,384
1,372,457

Total

1,650,574
1,724,028
1,680,780
1,597,037
1,600,303
1,709,043
1,791,324
1,706,528
1,591,788
1,577,738
1,561,521
1,532,315
1,523,454
1, 511,123
1,508,170

Dividends

Capital
funds 12

3,754,398
3,919,950
3,753,412
3,323, 536
2,981,678
2,982,008
3,084,092
3,143,029
3, 206,194
3,281,819
3,380,749
3,463,862
3,596,865
3,684,882
3,860,443

Net
profits
before On predividends ferred
stock

291,944
158,411
3 54,550
s 164,737
3 286,116
3 153,451
158,491
313,826
228,021
198,649
251,576
241,465
269, 295
243,343
350,457

i Figures for capital stock and capital funds are averages of amounts from reports of
condition for all calls made in each year and the last call made in the preceding year;
I. e., from December to December, inclusive.




558
10,103
18,862
18,166
11,532
9,378
8,911
8,175
7,816
6,683
6,158

Ratios

On common
stock

Cash

226,662
211,272
193,196
135,381
71,106
80,915
94,377
101,850
110,231
113,347
122,267
125,174
124.805
121,177
125,357

Stock

21,235
5,015
827
560
1,207
4,409
16,019
26,572
19,795
8,309
12,009
14,965
8,944
41.378

Cash dividends on
preferred
stock to
preferred
capital

Percent

.60
2.89
3.69
4.06
3. 77
3.51
3.70
4.00
4.29
4.26
4.54

Cash dividends on
common
stock to
common
capital

Total cash
dividends
to capital
funds

Percent
13.73
12.25
11.49
8.48
4.72
5.95
7.37
8.09
8. 57
8. 65
9.26
9.43
9.30
8.95
9.13

Percent
6.04
5.39
5.15
4.07
2.40
3.05
3.67
3.82
3.80
3.74
3.88
3.85
3.69
3.47
3.41

Net profits before
dividends
To
capital
stock

To
capital
funds

Percent
17.69
9.19
3 3.25
310.32
317.88
3 8.98
8.85
18.39
14.32
12.59
16.11
15.76
17. 68
16.10
23. 24

Percent
7.78
4.04
3 1.45
3 4.96
3 9.60
3 5.15
5.14
9.98
7.11
6.05
7.44
6.97
7.49
6.60

Represents aggregate of capital stock, surplus, undivided profits, aud reserves
Deficit.
^Licensed banks, i. e., those operating on an unrestricted basis.

2
3

8

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7.—Notional-bank investments in U. S. Government securities and other bonds and securities, loans and discounts (including 00
to
overdrafts), an<h losses charged off on account of bonds and securities and loans and discounts, years ended Dec. 81, 1929-48

TABLE NO.

[In thousands of dollars. Figures for previous years published in report for 1938, p. 113]
W
tì
»i
T

Percentage of losses
charged off—
U. S. Government
securities1

1929..
1930..
1931..
1932..
1933..
1934..
1935..
193619371938..
19391940..
1941..
1942 .
1943-




2,845,261
2,712,172
3,113,913
3,488,174
4,093,314
5,866,033
7,311,843
8,182,752
8,285,714
8,266,999
8,774,784
9,227,258
10,937,077
.15,902,368
30,976,030

Other bonds
and securities i

3,906,407
4,111,428
4,346,085
3,868,027
3,486,875
3,419,850
3, 575,737
3,899,553
3,942,442
3,719,867
3,775.196
3,815,824
3,883,710
3,757,470
3,479,455

Total bonds
and securi-

6,751,668
6,823,600
7,459,998
7,356,201
7,580,189
9,285,883
10,887,580
12,082,305
12,228,156
11,986,866
12,549,980
13,043,082
14,820,787
19,659,838
34,455,485

Loans and
discounts
(including
overdrafts)1

15,020,482
14,749,952
13,139,634
10,496,358
8,583,467
7,767,047
7,434,095
7,744,609
8,593,056
8,513,452
8,667,826
9,327, 731
10,919,954
11,105,924
10,074,947

charged off
on bonds
and securities

63,390
71,399
184,305
184,797
244,924
206,740
116,309
91,764
92,343
115,281
109,378
107,960
92,134
73,253
66,008

charged off
on loans
and discounts

93,720
135,294
212,770
261,567
305,234
299,189
160,121
154,614
71,844
80,290
67,171
58,249
51,989
43,134
43,101

On bonds
and securities to
total bonds
and securities
0.94
1.05
2,47
2.51
3.23
2.23
1.07
.76
.76
.96
.87
.83
.62
.37
.19

O

On account
loans and
discounts
to total
loans and
discounts
0.62
.92
1.62
2.49
3.56
3.85
2.15
2.00
.84
.94
.77
.62
.48
.39
.43

i Figures for securities and loans and discounts are averages of amounts from reports of condition for all calls made in each year and the last call made in the preceding year;
, December to December, inclusive.

S

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33EEPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE

NO.

8.—

Foreign branches of American national banks, Dec. 81, 1948
NATIONAL CITY BANK OP NEW YORK, N . Y . — C o n .
Canal Zone:
Balboa.
Cristobal.
Chile:
Santiago.
Valparaiso.
Columbia:
Barranquilla.
Bogota.
Medellin.
Cuba:
Caibarien.
Cardenas.
Habana.
Habana (Cuatro Caminos).
Habana (Galiano).
Habana (La Lonja).
Manzanillo.
Matanzas.
Santiago de Cuba.
England:
London.
London (West End).
India:
Bombay.
Mexico:
Mexico City.
Panama:
Panama City.
Peru:
Lima.
Puerto R i c o :
Arecibo.
Bayainon.
Caguas.
Mayaguez.
Ponce.
San Juan.
Uruguay:
Montevideo.
Venezuela:
Caracas.

BANK OF AMEBICA NATIONAL TRUST AND SAVINGS
ASSOCIATION, SAN FRANCISCO, CALIF.:
England:
London.
FIRST NATIONAL BANK OF BOSTON, MASS.:
Argentina:
Avellaneda.
Buenos Aires.
Buenos Aires (Alsina).
Buenos Aires (Constitución).
Buenos Aires (Once).
Rosario.
Cuba:
Cienfuegos.
Habana.
Habana (Avenida de Italia).
Habana (Avenida Maximo Gomez).
Saneti Spiritus.
Santiago de Cuba.
CHASE NATIONAL BANK OF NEW YORK, N . Y . :
Canal Zone:
Balboa.
Cristobal.
Cuba:
Habana.
England:
London (Berkeley Square).
London (Bush House, Aldwych).
London (Lombard).
Panama:
Colon.
Panama C i t y .
Puerto R i c o :
San Juan.
NATIONAL CITY BANK OF N E W Y O R K , N .

Argentina:
Buenos Aires.
Buenos Aires (Flores).
Buenos Aires (Plaza Once).
Rosario.
Brazil:
Pernambuco.
Rio de Janeiro.

Y.:

Sao Paulo.
NOTE.—Consolidated staten ect of the assets and liabilities of the above-named branches as of Dec.
31, 1943, appears in tne following taole.
TABLE

N O . 9.

Consolidated statement of assets and liabilities of foreign branches of
national banks, Dec. 81, 1948

Number of branches

[In thousands of dollars]

60

ASSETS
Loans and discounts, including overdrafts
Securities
— —
Currency and coin
Balances with other banks and cash items in process of collection
Due from home office and branches
Real estate, furniture and
fixtures
Customers' liability on account of acceptances
Other assets
Total assets

-

—
-

129,055
109,478
103,846
123,838
164,219
4,503
4,014
3,834
642,787

LIABILITIES
Demand deposits of individuals, partnerships, and corporations
.Time deposits of individuals, partnerships, and corporations
Deposits of U . S. Government (including Postal Savings)
State and municipal deposits
Deposits of banks
Other deposits (certified and cashiers' checks, etc.)
Total deposits
Due to home office and branches
Bills payable and rediscounts
Acceptances executed by or for account of reporting branches and outstanding
Other liabilities
Total liabilities

-

-

362,068
65,463
40,113
56,849
70,969
8,478
60S, 9*0
28,067
700
4,165
—.
4» 463
641,335

CAPITAL ACCOUNTS
Undivided profits, including reserve accountsTotal liabilities and capital accounts
_
NOTE.—For location of foreign branches see preceding table.

1,452
642; 787




34

EE PORT OF THE COMPTROLLER OF THE CURRENCY

N O . 1 0 . — Total number of National banks organized, consolidated under
act Nov. 7, 1918, as amended, insolvent, in voluntary liquidation, and in existence
on Dec. 31, 1943

TABLE

Maine
New Hampshire
Vermont
-Massachusetts
Rhode island
Connecticut

13
5
17
28
2
7

74
21
28
197
52
58

35
52
39
124
11
51

72

430

312

53
16
43
1
4

129
59
211
1
17
7

399
120
355
16
59
11

410
222
667
13
63
9

2,885

117

424

960

1,384

248
190
149
120
181
139
172
76
102
1,165
144
245
205

17
11
4
6
8
1
2
4
3
32
1
9
7

28~
38
44
43
42
42
45
16
16
140
39
37
36

73
64
57
49
84
41
59
34
53
554
53
105
93

130
77
44
22
47
55
66
22
30
439
51
94
69

3,136

105

566

1,319

1,146

691
434
872
314
271
485
544
290

24
11
15
10
9
6
4
9

112
98
227
77
54
116
204
58

314
200
285
152
111
178
235
141

241
125
345
75
97
185
101
82

3,901

88

946

1,616

1,251

259
219
402
447
193
59
218
82
739

3
12
1
4
3

12

100
93
83
76
76
12
55
25
84

114
. 78
189
190
73
21
82
35
443

42
36
129
177
41
26
78
22
200

j

---

2,618

38

604

1,225

751

17
2
12

!

221
148
509
110
38
17
31

3
1
1

51
30
64
35
6
4
6

112
90
340
59
17
6
19

41
26
93
16
12
6
5

!

1,074

36

196

643

199

1
4
1

4
1

6

6

3 6,199

5,049

-

--

-

-r

-

Total Southern States..

-

Total Middle Western States

- - -

Total Western States
Washington
Oregon
California
Idaho
Utah
Nevada
Arizona

In existence

35

--

North Dakota
South Dakota
Nebraska
Kansas
Montana
-Wyoming
Colorado
New Mexico
Oklahoma
- --

5
2

In liquidation

991
417
1.276
30
140
31

Total Eastern States

Ohio -Indiana
Illinois..
Michigan
Wisconsin _
Minnesota
Iowa
Missouri

21
2
4

849

Total New England States

Virginia . .
West Virginia
North Carolina
South Carolina..
Georgia..
Florida
- ..
Alabama
Mississippi
Louisiana
Texas
Arkansas
Kentucky
Tennessee

Insolvent

127
80
85
370
67
120

-

New York
New Jersey
Pennsylvania
Delaware
.
Maryland
District of Columbia

Consolidated
under
act Nov.
7, 1918

Organized

States

-

Total Pacific States
Alaska
Territory of Hawaii
Puerto Rico
Virgin Islands
Total possessions
Total United States and possessions

i

3

1

5
6 j
1
1
13

1
j

! 1 14,476 I

1
1
420 1

!
2 2,808

i

1

11ncludes 456 organized under act of Feb. 25. 1863, 9,258 under act of June 3, 1864, as amended, 10 under
Gold Currency Act of July 12,1870, and 4,752 under act of Mar. 14» 1900.
2 Exclusive of those restored to solvency.
3 Includes 208 passed into liquidation upon expiration of corporate existence.




35

EE

PORT OF THE COMPTROLLER OF THE CURRENCY

Number and authorized capital stock of national banks chartered and
the number and capital stock of national banks closed in each year ended Oct. 81,
from 1985 to 1941, inclusive, for the fourteen month period from Nov. 1, 1941, to
Dec. 81, 1942, inclusive, and for the year ended Dec. 81, 1948

TABLE NO. 11.—

Closed
Chartered
Year

No.j
1935
1936
1937
1938
1939
1940
1941
1942
1943

Capital

49 $7,780,000
20 2,465,000
29 5,355,000
8
875,000
19 2,925,000
19 3, 282,000
15 5, 545,000
9 1,177,089
12 2,175,000

Consolidated
under act
Nov. 7,1918

No.
13
3
8
3
1
4
6
1
1

Loss to
capital

In voluntary
liquidation

No.

Capital

Insolvent

No.

1 $447,100 189 $19,615,250
1 215,00C 76 7,680,000
1 302,875 98 11,049, 540
47 4,550,500
1 2 75,000 56 7,066,000
1 582,500 53 5,178,250
1 25,000 41 5,319,180
1 42,000 48 6,604,100
50 3 5,129,155

Capital

25 $4,305,020
o
6 10,200, O O
11 1,987,150
50,000
2
745,000
6
3
2
2

4

282,000
160,000
650,000

Net yearly
increase
(exclusive of
existing banks
increasing
their capital)

Net yearly
decrease
(exclusive of
existing banks
decreasing
their capital)

No.

No.

Capital

Capital

i

158 $14. 827. 370
59 5,230,000
82 7, 269,565
43 3, 700,500
42 4,436,000
38 2,478, 750
35
81,180
42 5,629,011
41 3, 604,155

1 Amount of capital reductions incident to consolidations.
2 Preferred capital stock reductions.
3 Includes $966,980 preferred capital stock.
4 Includes $25,000 preferred capital stock.
TABLE NO.

12.—National banks chartered during the year ended Dec. 81, 1948
Capital stock

Charter
No.

Title
Common
FLORIDA

14472

American National Bank of Miami

$400,000

ILLINOIS

14466
14467
14469
14470
14471
14474
14475

Farmers National Bank of Griggsville._
University National Bank, Chicago
Metamora National Bank, Metamora—
First National Bank of Maywood
Riverside National Bank, Riverside
National Bank of Austin, Chicago
Lake Shore National Bank, C h i c a g o —

50,000
300,000
50,000
125,000

100,000

200,000
400,000
1,225,000

Total
INDIANA

14468

400,000

Gary National Bank, Gary
OHIO

14473

The First National Bank of Nelsonville

50,000

OREOON

14465

50,000

First National Bank in Vale
TEXAS

14476

First National Bank of Grand Saline...
Total United States (12 banks)...

50,000
2,175,000 I

Preferred




EE PORT OF THE COMPTROLLER OF THE CURRENCY

36
TABLE

Charter
No.

14465
14467
14468
14471
14472
14473
14474
14475

No. 13.—National banks chartered which are conversions of State banks
during the year ended Dec. 81, 1948

Title and location

First National Bank in Vale
..
University National Bank, Chicago.
Gary National Bank, Gary
Metamora National Bank, Metamora _
Riverside National Bank, Riverside
American National Bank of Miami
The First National Bank of Nelsonville
National Bank of Austin, Chicago
Lake Shore National Bank, Chicago.._

State

OregonIllinois. .
Indiana.
Illinois..
do...
Florida.
Ohio
Illinois..
..-do...

ApproxiAuthor- mate sur- Approxiplus and
mate
ized
capital undivided
assets
profits

Date of
charter

1943
Jan. 11
Apr. 30
Aug. 17
Aug. 24
Sept. 30
Oct. 14
Oct. 14
Nov. 26
Nov. 30

$50,000
300,000
400,000
50.000
100,000
400,000
50,000
200,000
400,000

Total (9 banks) —

1,950,000

$41,107
364,793
1,141,143
40, 566
100,189
319,660
71,065
272,822
580,621

$1,138,093
9,777,826
31,174,223
970,765
5,194,108
11,565,388
926,392
12,537,577
29,158,092

2,931,966 102,442,464

No 14.—National banks reported in liquidation during the year ended
Dec. 81, 1948, the names, where known, of succeeding banks in cases of succession,
with date of liquidation and capital

TABLE

Name and location of bank

The National Bank of Port Byron, N. Y . (12592), absorbed by
Auburn Trust Co., Auburn, N. Y
The Jerome National Bank, Jerome, Idaho (11135), absorbed by
First Security Bank of Idaho, National Association, Boise,
Idaho
The Union National Bank of Wilmington, Del. (1390), absorbed
by Wilmington Trust Co
First National Bank of Fawn Grove, Pa (9385), absorbed by The
York National Bank & Trust Co., York, Pa
The First National Bank of Brigham City, Utah (6036), absorbed
by First Security Bank of Utah, National Association, Ogden,
Utah
The Hamilton National Bank of Weehawken, N. J. (12829),
absorbed by Commonwealth-Merchants Trust Co., Union
City, N . J
The National Whaling Bank of New London, Conn. (978)
The Pascagoula National Bank of Moss Point, Miss.1 (8593), succeeded by Pascagoula-Moss Point Bank
The First National Bank of Etna, Pittsburgh, Pa. (6453), absorbed by Peoples-Pittsburgh Trust Co
The First National Bank of Kane, Pa. (5025), absorbed by Kane
Bank <c Trust Co
f
The First National Bank of Bellerose, N. Y. (13234), absorbed by
The Franklin Square National Bank, Franklin Square, N. Y .
First National Bank in Blair, Okla. (12130), absorbed by The
National Bank of Commerce of Altus, Okla
The National Bank of Commerce at Hugo, Okla. (12801), absorbed by The Security State Bank, Hugo
The American National Bank of Apache, Okla. (12120), absorbed
by Anadarko Bank & Trust Co., Anadarko, Okla
The First National Bank of Hume, 111. (11108)
The First National Bank of Mill Creek, Okla. (7197), absorbed by
First State Bank, Tishomingo, Okla
The First National Bank of Temecula, Calif. (10556), absorbed by
The Citizens National Trust & Savings Bank of Riverside,
Calif.
The Grange National Bank of Tioga, Pa. (8092), absorbed by The
First National Bank of Wellsborough, Wellsboro, Pa
The Citizens National Bank of Tobias, Nebr. (13474)
The Bliss National Bank, Bliss, N. Y . (10754), absorbed by The
Citizens Bank of Arcade, N. Y
The City National Bank of Albany, Ga. (13223), succeeded by
First State Bank of Albany
—
Albany Exchange National Bank, Albany, Ga. (5512), succeeded
by The Citizens and Southern Bank of Albany
The Central National Bank and Trust Company of York, Pa.
(9706), absorbed by The York National Bank & Trust Co
The First National Bank of Ocilla, Ga. (8580), succeeded by The
First State Bank of Ocilla
1 With 1 branch in Pascagoula.

Capital

Date of liquidation

Common , Preferred

$25,000

Dec. 31,1942
— .do

.

50,000

Jan. 15,1943

203,175

Dec. 31,1942

25,000

Jan.

4,1943

54,000

$46,000

Dec. 31,1942
Feb. 11,1943

150,000
150,000

97,500

Jan. 26,1943

100,000

Feb. 20,1943

150,000

Feb. 11,1943

125,000

125,000

Feb. 23,1943

50,000

85,000

Jan. 30,1943

25,000

Feb.

6,1943

50,000

Mar. 6,1943
Apr. 5,1943

25,000
30,000

Mar. 27,1943

25,000

May

1,1943

25,000

Apr. 30,1943
May 10,1943

25,0C0
25,000

May 24,1943

25,000

May 31,1943

100,000

June

1,1943

do
May 31,1943

150,000
250,000
50,000

175,000




37EEPORT OF THE COMPTROLLER OF THE CURRENCY

banks reported in liquidation during the year ended
Dec. 81, 1948, the names, where known, of succeeding banks in cases of succession,
with date of liquidation and capital—Continued

T A B L E N O . 14.—National

Date of liquidation

Name and location of bank

The Farmers National Bank of Greenville, Ohio (1092), absorbed
by The Second National Bank of Greenville
The First National Bank of Rondout, Kingston, N. Y. (2493)...
The Citizens National Bank of Frankfort, Kans. (11738), absorbed
by The First National Bank of Centralis, Kans
The First National Bank of Pleasantville, N. Y. (12811), absorbed
by County Trust Co. of White Plains, N. Y
The Peoples National Bank of East Brady, Pa. (5356), absorbed
by The Butler County National Bank & Trust Co. of Butler..
The Wellston National Bank, Wellston, Okla. (12078)..
The First National Bank of Stockton, Calif. (2412), absorbed by
American Trust Co., San Francisco, Calif
The First National Bank of Snohomish, Wash. (3887), absorbed
by The First National Bank of Everett, Wash
The First and Farmers National Bank of Portland, N. Dak.
(13594), succeeded by The First & Farmers Bank, Portland....
The Le Flore County National Bank of Poteau, Okla. (12135),
absorbed by The Central National Bank of Poteau..
The Marshall National Bank of Unionville, Mo. (3068)
The First National Bank of Monroe, Wash. (9372), absorbed by
The First National Bank of Everett, Wash
The State National Bank of Grand Saline, Tex. (12745)
The First National Bank of Hampton, Nebr. (8285)
The Mechanics National Bank of Providence, R. I. (1007), absorbed by Industrial Trust Co., Providence
The First National Bank of Lisle, N. Y. (10816), absorbed by
The First National Bank of Whitney Point, N. Y
The Tradesmen's National Bank of Conshohocken, Pa. (2671),
absorbed by The First National Bank of Conshohocken
The, Jefferson County National Bank of Watertown, N. Y.»
(1490), absorbed by The Watertown National Bank
The First National Bank of Biloxi, Miss. (10576), succeeded by
First Bank of Biloxi
The First National Bank of Benedict, Nebr. (8105), absorbed by
The First National Bank of York, Nebr
The First National Bank of Butte, Nebr. (9623)
The First National Bank of Austin, Pa. (12562), absorbed by The
First National Bank of Coudersport, Pa
The First National Bank in Fennimore, Wis. (13599), succeeded
by The First State Bank, Fennimore
The Commercial National Bank and Trust Company of Emporia,
Kans. (11781), absorbed by The Citizens National Bank of
Emporia
The First National Bank of Parker, S. Dak. (3675)
The First National Bank of Remsen, Iowa (6975), absorbed by
First Trust & Saving Bank, Remsen

June 24,1943
July 31,1943

Capital
Common

Preferred

$100,000
200,000

June 26,1943

50,000

July 17,1943

200,000

Aug. 28,1943
Sept. 10,1943

130,000
25,000

Sept. 20,1943

200,000

Sept. 25,1943

50,000

Aug. 28,1943

" 25,000

do
Sept. 3 1,1943
C

25,000
30,000

Oct. 2,1943
Oct. 11,1943
Oct. 18,1943

25,000
50,000
30,000

Oct. 23,1943

500,000

do

25,000

$20,000

30,000

Oct. 30,1943

100,000

Sept. 28,1943

100,000

296,000

Nov. 3,1943

75,000

67,480

Sept. 25,1943
Dec. 1,1943

25,000
25,000

25,000

Dec. 10,1943

50,000

Dec.

4,1943

50,000

Dec. 21,1943
Dec. 9,1943

100,000
25,000

Dec. 27,1943

Total (50 banks).

60,000
4,162,175 I

3 With 1 branch in Watertown.

and State banks consolidated during the year ended Dec.
81, 1948, under act Nov. 7, 1918, as amended

T A B L E N O . 15.—National

Capital stock
Surplus
Common
The Home Savings Bank of Columbus,
Ga., with
and The First National Bank of Columbus,
Ga. (No. 2338), which had
consolidated Jan. 18, 1943, under charter and
title of the latter bank (No. 2338). The
consolidated bank at date of consolidation
had.
National Spraker Bank in Canajoharie, N. Y.
(No. 13876), with.
and The Canajoharie National Bank, N. Y.
(No. 1122), which had...
consolidated Oct. 30,1943, under charter of the
latter bank (No. 1122) and title "First National Bank of Canajoharie," N. Y. The
consolidated bank at date of consolidation
had

Undivided
profits

Preferred

Total
assets

$75,000

$25,000

$35,184

632,602

200,000

114,000

68, 635

238, 740

275,000

139,000

109,685

8,266,278

100,000

100,000

20,659

1,939,998

200,000

200,000

155,356

3,875,036

500,000

200,000

75,654

7,792,479




EE PORT OF THE COMPTROLLER OF THE CURRENCY

38
TABLE NO.

Number of domestic branches of national banks authorized during
the year ended Dec. 31, 1943

16.—

Branches authorized under act
Feb. 25,1927, as amended

Charter
No.

Title and location
Local

Other
than
local

Total

HAWAII
5550

Bishop National Bank of Hawaii at Honolulu..
INDIANA

14468

Gary National Bank

13955
2657

First National Bank of New Rochelle
The Watertown National Bank.

NEW YORK
—

PENNSYLVANIA
4374
5000

The Butler County National Bank and Trust Company of
Butler
First National Bank of Wilmerding
SOUTH CAROLINA

14425

The Citizens and Southern National Bank of South Carolina,
Charleston

1

VIRGINIA
10618

1

National Bank and Trust Company at Charlottesville-..
WASHINGTON

4686

2

The First National Bank of Everett
Total (9 banks).

TABLE

NO.

17.—

12

Number and class of domestic branches of national banks closed
during the year ended Dec. 81, 1943
Branches closed
Branches under act
of Feb. 25, 1927,
as amended

Charter
No.

Manner of closing

Title and location

Additional
offices
which
became
branches
Feb. 25,
1927

State
bank
branches
in operation
Feb. 25,
Branches
1927,
authorwhich
ized
were consince
verted
Feb. 25,
or con1927
solidated

MISSISSIPPI
The Pascagoula National Bank of
Moss Point.

Shareholders.

NEW YORK"
2370
1461
11034
1490

The Chase National Bank of the
City of New York.
The National City Bank of New
York.
The Public National Bank and
Trust Company of New York.
The Jefferson County National
Bank of Watertown.

Board of Directors.
.—do
....do..Shareholders

OREGON
1553

The First National
Portland.

Board of directors.

Bank

of

Bank

of

do

Bank,

do

PENNSYLVANIA
The First National
Philadelphia.

VIRGIN ISLANDS
14335

Virgin Islands National
St. Thomas.
Total (8 banks)

12

Total




39EEPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO.

18.—Assets and liabilities of banks in the District of Columbia, by classes,

Dec.' 81, 194$ 1

[In thousands of dollars]
Total all
banks

Nonnational
banks

National
banks

22

Number of banks

9

13

26,551

19,129

7,422

250
5
1,167

250
5
521

646

3,292

1,671

1,621

55
35,386
14,394

24
14,342
4,425

31
21,044
9,969

25,659
30

11,145
22

14,514
8

106,789

51,534

55,255

60,471
64,342
69,235
532
30,326
124,699
47,770
9,393

42,382
42,544
54,104
239
19,884
71,358
29,357
3,801

18,089
21,798
15,131
2?3
10,442
53,341
18,413
5,592

406,768
9,491

263,669
4,274

143,099
5,217

416, 259
708
15,260
1,136
331

267,943
318
7,707
491
36

148,316
390
7,553
645
295

433,694

276,495

157,199

23, 548

16,035

7, 513

51,606

32,118

19,488

16

2

14

58

51
8,202

ASSETS

Loans and discounts:
Commercial and industrial loans (including open-market paper).
Loans secured by agricultural commodities, covered directly or
indirectly by purchase agreements of Commodity Credit Corporation (including participations in such loans, drafts, etc.)-.
Other agricultural loans (including loans secured by livestock)..
Loans to brokers and dealers in securities
Other loans for the purpose of purchasing or carrying stocks,
bonds and other securities
Real-estate loans:
Secured by farm land (including improvements)
Secured by residential properties (other than farm)
Secured by other properties
Loans to banks
. -.
All other loans
Overdrafts
Total loans and discounts
Securities:
U. S. Government obligations, direct and guaranteed:
Direct obligations:
Treasury bills
Treasury certificates of indebtedness
Treasury notes
.
United States savings bonds
Other bonds maturing in 5 years or less
Other bonds maturing in 5 to 10 years
Bonds maturing in 10 to 20 years
Bonds maturing after 20 years
Total
Obligations guaranteed by United States Government
Total
Obligations of States and political subdivisions
Other bonds, notes, and debentures
Stock of Federal Reserve bank
Other stocks
Total securities

_

_

Cash, balances with other banks, including reserve balances, and
cash items in process of collection:
Cash items in process of collection, including exchanges for clearing house..
Demand balances, excluding reciprocal balances, with banks in
the United States (except private banks and American
branches of foreign banks)
Other balances with banks in the United States (including private banks and American branches of foreign banks)
Balances with banks in foreign countries (including balances
with foreign branches of other American banks)
Currency and coin
Reserve with Federal Reserve bank and approved reserve agencies
Total cash, balances with other banks, etc
Bank premises owned, furniture and fixtures
Real estate owned other than bank premises
Investments and other assets indirectly representing bank premises
or other real estate
Customers' liability on acceptances outstanding
Income earned or accrued but not collected
Other assets
~
Total assets .
i Exclusive of the Export-Import Bank of Washington.

13,949

70,020

7
5,747

113,522
202,699

126,428

43,502
76,271

14,816
205

6,657
74

8,159
131
2,100

2,100
715
702

251
341

464
361

761,720

461,780

299,940




EE PORT OF THE COMPTROLLER OF THE CURRENCY

40
TABLE NO.

18—Assets and liabilities of banks in the District of Columbia by classes,

Dec. 81, 1948— Continued
[In thousands of dollars]

Total all
banks

National
banks

Nonnational
banks

LIABILITIES

Demand deposits:
Deposits of individuals, partnerships, and corporations
..
Deposits of United States Government
Deposits of States and political subdivisions
Deposits, excluding reciprocal balances, of banks in the United
States (including private banks and American branches of
foreign banks)
Deposits of banks in foreign countries (including balances of
foreign branches of other American banks).
Certified and cashiers' checks (including dividend checks),
letters of credit and travelers' checks sold for cash, and amounts
due to Federal Reserve bank (transit account)
Total demand deposits..
Time deposits:
Deposits of individuals, partnerships, and corporations
Deposits of United States Government
Postal savins®
Deposits of States and political subdivisions.
Deposits of banks in the United States (including private banks
and American branches of foreign banks)..
_..
Deposits of banks in foreign countries (including balances of
foreign branches of other American banks)

455,528
62,531
79

290,172
41,408
73

165,356
21,123
6

38,911

37,097

1,814

385

373

12

8,722

6,446

2,276

566,156

375,569

190,587

141,085
344
27

61,951

79,134
344
2

75

Total deposits
Bills payable, rediscounts, and other liabilities for borrowed money.
Mortgages or other liens on bank premises and on other real estate
Acceptances executed by or for account of reporting banks and outstanding
Income collected but not earned
Expenses accrued and unpaid
Other liabilities

141,531

62,051

79,480

707,687

437,620

270,067

279
1,242
733

45
573
300

234
669
433

438,538

Total time deposits.

271,403

8,300
8,140
6,146

277
10,400
12,310
4,387

51,779

23,242

28,537

761,720

461,780

299,940

750
17,950

600
7,700

150
10,250

18,700

8,300

10,400

752

600

152

101,245

66,787

34,458

Total liabilities.
CAPITAL ACCOUNTS

Capital notes and debentures
Capital stock (See memoranda below)
Surplus..
Undivided profits
Reserves and retirement account for preferred stock and capital notes
and debentures
Total capital accounts
Total liabilities and capital accounts..
Par value of capital stock:
Preferred stock..
Common stock.

1,819

1,163

MEMORANDA

Total
Retirable value of preferred stock
Pledged assets (and securities loaned):
U . S. Government obligations, direct and guaranteed, pledged to
secure deposits and other liabilities
Other assets pledged to secure deposits and other liabilities (including notes and bills rediscounted and securities sold under
repurchase agreement)
Assets pledged to qualify for exercise of fiduciary or corporate
powers, and for purposes other than to secure liabilities
Securities loaned
Total
Secured liabilities:
Deposits secured by pledged assets pursuant to requirements of
Borrowings secured by pledged assets, including rediscounts and
repurchase agreements
Other liabilities secured by pledged assets
Total.

277
18,700
20,450
10,533

22
5,673

3,367

106,940

70,176

36,764

73,293

47,016

26,277

73,293

47,016

26,277




41EEPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE

No. 19.—Earnings, expenses, and dividends of banks in the District of
Columbia, years ended Dec. 81, 1948 and 1942 1
[In thousands of dollars]
Years ended Dec. 31—
National
banks

Nonnational
banks

Total

1943

13
10,597
28,270

22
18,977
51,779

22
19,047
50,938

2,229
2,682
19
408

2,527
2,705
28
636

1,919
3,105
42
561

5,821
4,861
49
1,142

4,148
5,787
61
969

70
274
310

309
705
727

245
670
732

378
924
1,082

315
944
1,042

5,992

7,637

7,274

14,257

13,266

776
1,414

803
1,845

812
1,758

1,611
3,406

1,588
3,172

58

108

m
m

50
393

1942

m
m
m
187 m
896 1,186 1,109 2,058 9,004
52

58
620

110

1,511

934

892
865

1,013
1,723

150
1,194

253
1,374

227
1,292

416
2,634

377
2,486

5,024

4,945

5,887

5,904

10,911

10,849

1,596

1,047

1,750

1,370

3,346

2,417

469
488
113
31

199
440
147
77

121
148
184
67

63
45
204
109

590
636
297
98

1,101

863

520

421

1,621

262
485
351
186
1,284

641
133
498

271
112
250

129
104
994

195
113
324

770
237
1,492

466
225
574

633

1.227

632

2,499

1,265

1,277

1,043

1,159

2,468

2. K
Ì
6

17
6

11
8

17
31

11
38

789

Recoveries and profits:
Recoveries on securities
Profits on securities sold or redeemed
Recoveries on loans
—
All other
Total recoveries and profits
r osses and charge-offs:
On securities
On loans...
All other _

619
740

163
1,260

Total current operating expenses

1,272 !

Total losses and charge-ofis

1,425

Net profits before interest and dividends
—

1,605

25

30

677

694

755
125

745
25

1,432
125

1,439
25

702

Total interest and dividends

724

903

789

1,605

1,513

Percent Percent Percent Percent Percent Percent
36.71
35.95
35.43
36.13
36.54
37.42
11.39
7.10
8.12
12.26
5.94 i 10.33
33.68
33.48
33.54
32.78
33.41
34.78

Ratios to gross earnings:
Salaries, wages, and fees
Interest on time deposits
All other current expenses

75.89

82.53

77.09

81.17

76.53

81.78

S 24.11

17.47

22.91

18.83

23.47 1

18.22

8.57
3.19

7.29
2.73

7.21
2.70

Total current expenses
Net current earnings

13
10,677
28,537

808
1,561

Not earnings from current operations

[nterest and dividends:
On capital notes and debentures .
On preferred stock —
On common stock:
Cash dividends
Stock dividends

9
8,450
22,668

6,620

Total earnings from current operations

1943

69
219
355

Current operating expenses:
Salaries and wages:
Officers
Employees other than officers
Number of officers3
Number of employees other than offictrs3
Fees paid to directors and members of executive
discount and advisory committees
Interest on time deposits (including savings deposits) _.
Interest and discount on borrowed money
Taxes, including income taxes
Recurring depreciation on banking house, furniture, and fixtures
Other current operating expenses

1942

3,294
2,156
21
506

Earnings from current operations:
Interest and dividends on securities
Interest and discount on loans.
Service charges and other fees on banks' loans
Service charges on deposit accounts
Other service charges, commissions, fees, and collection and exchange charges
Trust department
Other current earnings

1943

9
8,300
23,242

Number of banks. .
Capital stock, capital notes and debentures
Capital funds 3 . .

1942

Ratio of interest and caph dividends to capital stock,
capital notes and debentures .
. ..
..
.. i
Ratio of interest and cash dividends to camtal funds

8.46
3.02

7.80
2.86

7.81
2.92

1 Excludes the Export-Import Bank of Washington.
* Represents aggregate book value of capital, surplus, undivided profits, reserves, and retirement fund
for preferred stock, capital notes and debentures.
» At end of period.

NOTE.—The number of banks, capital stock, capital notes and debentures and capital funds used in this
table are as of end of period.




42

EE

PORT OF THE COMPTROLLER OF THE CURRENCY

N O . 20.—Summary of assets and liabilities Dec. 31, 1943, and receipts and
disbursements in year ended Dec. 31, 1943, of the 26 building and loan associations
in the District of Columbia

TABLE

[In thousands of dollars]
Liabilities

Amount

Assets
Real estate loans
Stock loans
Federal Home Loan Bank stock
Other securities
Cash and bank balances
..
Real estate sold on contract.
Office building, furniture and fixtures
Other real estate owned
Interest accrued, not collected
Other assets
...

149,943
210
1,272
14,362
8,418
97
787
68
60
78

Investment shares, unpledged
Mortgage pledged shares
Incomplete loans
Bills payable
Other liabilities
Total liabilitiesCAPITAL ACCOUNTS

Surplus fund
Net undivided profits
Reserves
Total capital accounts.

175,295

Total assets.

Total liabilities and capital accounts

R E C E I P T S A N D D I S B U R S E M E N T S I N Y E A R E N D E D D E C . 31, 1943
Capital Disbursements

Capital Receipts
Real estate loans
Stock loans
Bonds, securities, etc
Investment shares, unpledged.
Mortgage pledged shares
Incomplete loans
Bills payable
Interest accrued, not collected
Other receipts
Total capital receipts

.

EARNINGS

Interest on loans
Commission on loans
Premium on loans
Fees and fines
Commission on insurance
Rent received
Profit on sale of assets
Recoveries on charged off assets.
Other earnings
Total earnings.
Cash and bank balances beginning of
period:
Grand total.

42,697
231
2,597
29,954
1,917
4,103
2,334
4,215
4,264
92,302
8,085
12
4
26
55
43
27

1

183
8,436
6,044

106,782

Amount

Real estate loans
Stock loans
Bonds, securities, etc..
Investment shares, unpledged
Mortgage pledged shares.
Incomplete loans
Bills payable
Interest accrued, not collected
Other disbursements
Total capital disbursements
EXPENSES

Salaries and fees paid officers and directors
Salaries paid employees
Taxes and insurance
Rent paid...
Interest on borrowed money
Dividends
Losses and depreciation charged off
Other expenses
Total expenses
Cash and bank balances at end of period.
Grand total..

NOTE.—Number of borrowing members, 38,357, nonborrowing, 112,513. Number of associations members
of Federal Home Loan Bank System, 19. Number of associations with shares insured by the Federal
Savings and Loan Insurance Corporation, 8.




43

EE

PORT OF THE COMPTROLLER OF THE CURRENCY

N O . 21.—Summary of assets and liabilities Dec. 81, 1948, and receipts and
disbursements in year ended Dec. 81, 1948, of the 28 District of Columbia credit
unions

TABLE

Assets
Loans
Building association investments.
Other investments
Deposits in banks
Cash on hand
Furniture and fixtures
Other assets
Total assets

Liabilities

Amount
$828,233
460,627
654,652
230,541
57,251
7,952
762

Shares paid in
Surplus fund
Net undivided profits
Reserve fund for bad debts
Bills payable
Other liabilities

$2,003,708
39,382
83,829
110,105
2,299

2,240,018

Total liabilities

2,240,018

R E C E I P T S A N D D I S B U R S E M E N T S I N Y E A R E N D E D D E C . 31,1943
Capital receipts

Amount

Loans repaid.
$1,676,858
Payments on shares
755,882
Building association shares redeemed.
17,000
Other investments sold
33.154
Bills payable
2,468
Entrance fees
1,355
Fines
942
Recoveries on loans to reserve f u n d 14,270
Depreciation on furniture and fixtures.—
1,265
Other receipts
6,665
Total capital receipts

2,509,859

Total earnings
Transferred to reserve fund for bad debts.
Transferred to surplus
Cash on hand at beginning of period
Deposits in banks at beginning of periodGrand total

Capital disbursements
Loans made
Shares withdrawn
Building association shares purchased
Other investments purchased
Bills payable
Loans charged against reserve fund....
Other disbursements

Total capital disbursements
EXPENSES

EARNINGS

Interest on loans
Building association dividends
Other income

Amount

92,887
14,777
17,347

125,011
17,009
8,369
34,520
377,418
3,072,186

Salaries
General expenses
Interest on borrowed money
Dividends
Depreciation on furniture and fixturesTotal expenses
Transferred to reserve fund for bad debts.
Transferred to surplus
Cash on hand at end of period
Deposits in banks at end of period
Grand total

NOTE.—Number of borrowing members, 7,617; nonborrowing, 12,136.

TABLE NO.

22.—Assets and liabilities of all active banks in the United States and possessions, by classes, Dec. 81, 19481
[In thousands of dollars]

Total all
banks

14,621

Number of banks

National
banks

5,046

All banks
other than
national

9,575

Banks other than national
State (commercial) 2

Mutual savings

8,989

537

»
tei
rç
o

Private

49

O

ASSETS

Loans and discounts:
Commercial and industrial loans (including open-market paper)
Loans secured by agricultural commodities, covered directly or indirectly by purchase
agreements of Commodity Credit Corporation. _.
Other agricultural loans
...
Loans to brokers and dealers in securities.
Other loans for the purpose of purchasing or carrying stocks, bonds, and other securities.
Real-estate loans:
Secured by farm land
Secured by residential properties
.
Secured by other properties
Loans to banks
All other loans, including overdrafts.
...
Total loans and discounts

.

.

...

—

Currency and coin
—
Balances with other banks, including reserve balances, and cash items in process of collection ».
Bank premises owned, furniture and fixtures
Real estate owned other than bank prejnises.
Investments and other assets indirectly representing bank premises or other real estate
Customers' liability on acceptances outstanding.
Interest, commissions, rent, and other income earned or accrued but not collected
Other assets (including securities borrowed, insurance and other expenses prepaid, and cash
items not in process of collection)




Total assets

7,878,473

4,758,746

3,119,727

3,088,226

610,889
940,800
1,428,556
946,515

393,323
452,745
517,307
432,146

217,566
488,055
911,249
514,369

217,540
487,759
902,844
504,020

466,985
7,616,389
857,691
59,352
2,868,889

173,770
1,546,794
350,264
24,804
1,483,633

293,215
6,069,595
507,427
34,548
1,385,256

288,754
1,707,729
451,234
33,298
1,328,483

4,142
4,360,118
56,052

23,674,539

.

Securities:
U. S. Government obligations—
Direct..
Guaranteed
Obligations of States and political subdivisions.
Other bonds, notes, and debentures....
Corporate stocks, including stocks of Federal Reserve banks
Total securities

W
H

10,133,532

13,541,007

9,009,887

4,474,574

56,546

63,690,025
2,569,359
3,564,275
3,351,967
550,620

32,552,251
1,626,304
1,933,187
1,243,450
149,061

31,137,774
943,055
1,631,088
2,108,517
401,559

25,015,389
904,269
1,417,571
1,167,583
238,489

6,049,558
38,383
200,560
929,288
157,632

72,827
403
12,957
11,646
5,438

73,726,246

37,504,253

36,221,993

28,743,301

7,375,421

103,271

1,612,252
26,999,933
1,128,014
332,110
101,589
49,488
220,194

807,969
15,272,695
547,470
33,990
47,275
26,207
101,664

804,283
11, 727,238
580,544
298,120
54,314
23,281
118,530

716,583
10,969,532
472,954
100,092
40,024
18,571
80,145

85,249
710,480
106,992
197,433
14,262

2,451
47,226
598
595
28
4,710
406

277,613

56,862

220,751

198,834

21,466

451

50,349,923

13,023,856

216,282

128,121,978

64,531,917 1

63,590,061 |

2,339

29,162

10
62
148

26
286
8,343
10,201

-------

37,"979"

319
1,748
141
1,250
5,070

H
H
tei

o

o
S

w
o
F
F
H
W
O
H
w
tei

o
§
tel

o
H

LIABILITIES

Demand deposits:
Deposits of individuals, partnerships, and corporations
Deposits of U. S. Government.-..oi
Deposits of States and political subdivisions
go
Deposits of banks in the United States 3
1
Deposits of banks in foreign countries
gg
Certified and cashiers' checks, etc
^

Total demand deposits3

-

Time deposits:
Deposits of individuals, partnerships, and corporations
^
Deposits of U. S. Government
Postal savings deposits
—
Deposits of States and political subdivisions
Deposits of banks in the United States
Deposits of banks in foreign countries
—
Total time deposits

-

-

-

-

-

CAPITAL ACCOUNTS

-

Capital notes and debentures
Preferred stock
—
Common stock
Surplus.
Undivided profits
Reserves and retirement account for preferred stock and capital notes and debentures...




26,129,788
4,553,415
1,794,835
3,138,745
500,145
'761,019

49,847,504

20,798,993
23,358
4,230
242,592
232,818
7

7,747

170,234

9,075,107
23,358
4,230
241,331
232,452
7

11,708,002

15,884

1,055
276

206
90

11,709,333

36,877,947

9,926,259
93,844
5,782
239,749
38,990
4,053

564

129,502
377
2,614
11,020
24,420
2,301

25,994,556
4,552,136
1,791,749
3,127,646
475,725
758,154

5,730
902
472
79

16,180

31,610,675

-

Total deposits3
Bills payable, rediscounts, and other liabilities for borrowed money
Acceptances executed by or for account of reporting banks and outstanding
Interest, discount, rent, and other income collected but not earned
Interest, taxes, and other expenses accrued and unpaid
Other liabilities (including securities borrowed and dividends declared but not payable).
Total liabilities

33,254,837
5,851,502
2,694,905
6,693,091
423,999
929,170

30,725,252
117,202
10,012
482,341
271,808
4,060

-

59,384,625
10,404,917
4,489,740
9,831,836
924,144
1,690,189
86,725,451

-

Total capital accounts
Total liabilities and capital accounts
i Excludes banks in Guam and the Philippines on account of the war.
3 Includes trust companies and stock savings banks.
3 Excluding reciprocal demand bank balances.

10,308,677

21,301,998

9,576,485

118,336,126
51,650
60,157
45,390
208,391
374,573

60,156,181
8,155
31,642
23,881
118,469
234,147

58,179,945
43,495
28,515
21,509
89,922
140,426

46,276,451
40,268
23,377
21,166
82,263
115,017

11,717, C
308
7,575
25,109

186,414
3,227
5,138
35
84
300

119,076,287

60,572,475

58,503,812

46,558,542

11,750,072

195,198

90,142
253,545
2,667,913
4,105,016
1,370,352
558,723

127,604
1,403,911
1,619,769
541,595
266,563

90,142
125,941
1,264,002
2,485,247
828,757
292,160

85,269
125,941
1,257,542
1,571,854
502,772
248,003

4,873

9,045,691 j

3,959,442

5, C

3,791,381

1,273,784

21,084

50,349,923

13,023,856

216,282

128,121,978 j

64,531,917

63,590,061 I

901,169
325,602
42,140

6,460
12,224
383
2,017

i
O

H*

OX

TABLE NO.

2Z.—Assets and liabilities of all active banks in the United States and possessions, Dec. 31, 1943 (includes National, State comO
mercial, savings, and private banks) 1
ASSETS
[In thousands of dollars]

Location

Securities
guaran- Obligateed
tions
U. S.
Loans
by
Other
of
and
Govern- U. S.
bonds,
disment
Popula- NumGovnotes,
and
counts, securiber
tion
ernand
politiincludties,
of
(approximent
debencal
ing
direct
mate) 2 banks
as to
tures
suboverobligaindividrafts
tions
terest
sions
and
principal

Corporate
stocks
including
stocks
of
Federal
Reserve
banks

Balances
with
other
Curbanks,
rency includand
ing recoin
serve
balances 3

Bank
premises
owned,
furniture
and
fixtures

Investments
and
other

CustomReal
ers'
estate
indiowned rectly liability on
other reprethan senting
anees
bank
bank
outpremrem- standises
les or
ing
other
real
estate

25 3 76 2
, 3 98 1 4,784 1 , 1 8 , 4 4,290 2,290
8 , 2 2 37 5 6,892 80 3 4 , 2
31 7 9 , 8
7 13 2
8,8
86
9 4 73 8
4 84 4 1 7 9 , 1 1 43 6 85 4 1 , 9 3536 1 , 09 4,564 4 , 4 3,647 4,'—
4,2
0 62 2 6 , 9 , 1 75 0 1 , 49 2,63 3,663 3 , 9 3,255 l,i
57
,
89 6 12 2
3 79 9 80 8 , 7 9 , 1 2, " 4,614 3 263 6 , 4 82,772 8 1, 96 5 , 5 3 , 7
1,8
4
64
6 84 8
43
18 6 87 4 0 , 9
4,103, 7 3 3 41,629,2643,338,630 5 , 2 5 , 8 5 ,9 9 292 1 1 , 5 1 08 7 12,268 005
9 8
80
2
50
2
8 4 41 8 0 , 1
,
4 4 , 7 3 , 0 48 6
6 04 4 3 1 43 9 4 18 8 2 , 0
9,2
3 24 7 2 , 9 1 , 9
7 , 9 57 5 09 8
63 4 16 4
9 8 , 5 , 9 , 6 29 5 7 2 1 , 5
1,731,260 1 9 4 42 211 87 8 2 , 3 5^ 2 01 96 8 3 , 7 4 , 6
0 , 1 08 9
1 08 6 5 24 0 1 87 9 1 93 41,503,668 1 77 3 5 , 9
5,7 8,6 5,8 5,3
1,5
0
8,073,272 9 22,526,2105,518,599 1 76 6
2,2 5,2
2 83 46,421,526 3 16 11 54 5
1,4
6 49 3 7 59 6
7,6 3,9
1 , 0 , 9 10 61 1
97 46 0 , 4 . 2
1,7,2
26 74 4
New York
77 6 48 0
6 , 7 621,086 5 , 5 2 , 4
34 3
1,930,826 5 , 8 1 02 3 1 40 7
88 6 4 , 6 5 , 8
4,049,982
New Jersey
3 , 5 93 3
1 67 41,710,180 1 33 9 5 , 1
3,5
4,593,081 1 09 5 2 34 4 6 35 0
5,8 2,8 8,5
9,442,986 1,047
Pennsylvania
5,043 7 , 2 3 !
42 9
2 42 6 1 , 9 1 , 8 4 , 4
5 , 7 02 5 27 7 78 1
2 83 5 4
6,0
3
Delaware
8
2 , 9 3 18 7 U, 4 9
65 9 3 , 0
10 01 0 1 , 7 1 , 6 5 , 5
, 3 , 8 06 9 45 2 89 9
1,940,070 186
Maryland
0 52 0
1 , 4 1 87 0 1 , 1 2 5
39 9 8 , 5 48 6 0
4 67 8 9,491 7 8 1 , 6
0,6
8 84 4
2,0
District of Columbia.
4,3 4,7
2 83 5 4 41 29,347,578 5 54 42 55 0
5,3 6,6
0
2
92 71 1 5 05 36 1 79 98 1 , 64 7 , 67 7
Total Eastern States.. 2 , 0 , 7 2, 171 , 0 , 3 2 , 1 , 2 1 8 , 5 1 6 , 6
1,258
3,547
6 46 7 2 , 7
1 , 1 22 8
1
2,732,793 3 3 282,
Virginia
1,600
1,772
2 85 6 1 , 3
6 , 3 26 4
0,
1,720,670 180 1 4
West Virginia
69
1
1,925
5 15 9 3 , 9
1 , 6 58 4
9,
3,361,151 226 1 8
North Carolina
226
51
5
1 41 2 64 1 1 , 5
6 , 7 , 5 80 1
1 6 70,
4
8 7
South Carolina
— 1, 12, 23
1,
2,534
4 24 4 1 , 8 3 , 9
9 , 4 64 4 35 5
9
2,977,210 2 2 282,
Georgia
78
4
60 1
1,372
5 43 3 18,268 4 , 7
3,5
14 1 3
7 4,
0 0
Florida.
— 2, 31, 00
1,129
1,835
3 85 4 2 , 4 5 , 7
6 , 1 48 8 86 7
4,
2,742,206 216 1 5
Alabama
63
0
49
6
, 5 34 2
1 60 3 39 4 6 , 5
6,7
2,004,429 201 82,
Mississippi.
62
4
2.197
4 67 3 1 , 8 7 , 4
5 , 2 82 5 42 3
2,319,824 1 7 166,
4
Louisiana
1,523
6,681
15 5
6,256,434 8 0 7 0 1,539,095 6 , 2 118,106
3 0,
Texas—
25
3
54
7
1 13 6 1 , 2 2 , 5
9 , 5 48 9 91 2
1,786,139 211 78,
Arkansas
1,110
1,555
5 15 0 1 , 1 2 , 9
2 , 3 09 2 49 0
2,546,871 3 4
9
Kentucky.
1,325
4.198
2,827,009 2 4 2 93 7 5 27 0 2 , 5
9 4 , 3 6 , 3 08 5
Tennessee.
5 , 3 26 2
2
92 0 1 , 3
6
3
6 6 4 3 7 2 72 7 5 , 9 4 , 0 2 , 1 3 03 1 4,676,0941 2 3 J 1 , 1
1 4
Total Southern States. 35, 18, 59 3, 24 2, 93, 32 6, 91, 12 6 , 1 6 6 5 1 6 9

Maine
New Hampshire
Vermont—.
Massachusetts
Rhode Island
ConnecticutTotal New England
States.




E

Income
earned
or ac- Other
crued
but
not
collected

§
O
Total

5
o

H
w

tel

9 5,6
2 3 5 1 5 53 5 o
8
1,314
1 1 4 4 56 9 O
7 8 0,7
17
2
2 4,7
2 9 2 4 2 89 2 6
1
2,661
3
77 5 5 35
1,527 4,248 7,361 1 , 4 6,8 1,,3 7
5
7 2 39
4
4,075 6 0 1,357 2 6 2,380,880 w
1,055 9,396
28
3
o1
Ir
02 2 84 6 09 97 2
9,942 4,918 1 , 9 2 , 1 1 , 2 , 7 S
2,2 3,0,4 S
93 4 77 53 3 3
1,5 3,0
77 3 03 5
3,821 3,722,542
5
3,387 2 3
1 , 6 9,208,404
75 7
1 , 9 3,920
38 3
1 5 4 93 2
2 7,0
9
66 5
9
4,170 1,711,460
18
5
60
7 2 7 17 0
0 6,2
2,100
3 , 8 3 , 9 1 70 0 5 , 0
78 9 46 5 2 , 3 57 9
1,048 18
71
6
2 70
5 8
14
3
8
7
40
4
1
1,149 5 3
3,328 1,745
1
3,286 5 4
5
5
5
1
6
31 32
1
3
1 , 5 4,129 1 , 5 2 , 7 1 , 8 , 1
04 7
47 8 11 6 53 64 0

Ohio
Indiana
Illinois
Michigan. _
Wisconsin..
Minnesota..
Iowa.—
Missouri

6,774,028
3,363,188
7,596,707,
5,202,789;
2,930,446!
2,512,524'
2,265,176 i
3,537,060;

684 985, 756 2, 712,533
500 291,619 1,024, 512
828 1,397,632 4,734, 645
431, 505,057 2,152, 136
562 296,460 1,040, 088
673 362,865 1,066, 844
643 281,139 688, 646
575,976 1,371, 769 !

108.214
61,037
161,779
96,567
48,212
39,310
20,7641
54,1191

210,172 139,329
75,832 55,246
285,304 231,240
126,076 105,423
64,846 68,722
61,234 47,037
75,417 20,632
82,571 51,060

I

Total Middle Western
States
34,181,918! 4,917;4,696.504 14,791,173 ! 590,002 981,452 718,689
North Dakota.
South Dakota.
Nebraska
Kansas
Montana
Wyoming
Colorado
New Mexico...
Oklahoma
Total Western States .
WashingtonOregon
California
Idaho
Utah
Nevada
Arizona
Total Pacific States

529,726
545,739
1,183,052
1,685,!""
466,620
226,023
1,044,600
483,884
2,076,888

46,
157
162
47,
404 134,
627 165,
110 . 45,
56
22,
140 100,
41
23,
384 169,

166,388
121,017
396,732
462,076
162,898
54,768
351,501
74,061
360,491

7,753
9,944
32,037
33,861
6,253
3,520
12,931
4,270
67,867

2,173
1,320
10,899
8,653
3,798
1,326
13,210
1,462
5,269

72,720 178,436

3,500
3,953
7,511
22,738
4,674




Total possessions *

1,243, 917
45', 877 551, 516
93,441 2,080,307,
65,
890,923
28,679 460,447,
20,482 480,220
23,972 391, 226:
31,3371

187
241
842
1,175

87,482
67,025
285,635
379,640
106,166
57,856
259,358
59,136
345,288

160
1,412

48,110

5,390

63,944 1,647,1

1,819,800
1,126,650
7,403,922
461,744
576,586
131,412
566,625

131 263,690 898,392
57,416 17,697
7,.
72 111,037 569,451
5,1
6,479 25,206
208 1,880,005 4,652,419 171,912 401,279 122,650
47
830
7t~" 5,790
38,435 135,867
57
2,470
68,000 189,370 12,196 11,070
10
59,004
3,661
363
1,851
15,530
12
3,001
1,770
45,628 106,389 14,108

1, 712
853
12,576
225
467
83
173

12,086,739

537 2,422,325 6,610,892 222,179 507,423 150,848

16,089 152,684 2,752,264

8, 242,441

2,081

755,114 2,149,932

13,078
1,913
13,689

78,370
56,656
444,845
1,996,444
14,025

4,855
228
37,779
33,875

26,013
2,616,353

563
43

77,323

22,394
194,362
88,534

136
12,128
10,398

7,585
4
5

13,128

22,662

9,777

672

109

1,870
307,

1,

26,105 370,323
15,083 209,450
92,291 1,904,181
74,532
5,057
5,596 114,452
21,226
2,241
58,100
6,311

1,

13,067

5,847
5,792
25,161
15,764
292

19,314
904
64,804
19,554
522

3571
17;
1, 201 ! 2,043
711
296!
98
1,209!
47
5,973!
35
2,164
437

32,226

501

2,385
13

937
1,553

131
75
8,173
20
95
12
117

95,652

8,623

6,991
73,637
1,629

2,216

415
68
3,905
2,005

1

1,063
106,161

6,404

529
7

1
135

4,077

124
320,050
148
256,958
859
883, 593
1,119 1,097,057
24
337,801
38
146,253
801
765,765
13
169, 307
495
3,621 4,964,177

44

2,946
206 1,655,188
2,285 1,041
953,049
16,462 38,841 9,402,028
21
327
270,542
9
97
407,162
301
85
105, 295
510
264
237,968

26,398

2,460 22,534 40,861 13,031,232

25,2Ì6
1,124

1

101,571 49,351 219,519 170,954 127,416,339
81
42,356
447 8,552
168 55,667
2

55, 279
49,348
368,913
226, 415
1,581

675 106,659

705,639

40

18

10

53,201

299
342
973
482
470
53
691

31
628
178

2,422 5,581,447
1,830, 2,130,178
8,856 ; 9,078,096
2,407! 3,979,830
2,126 2,033,179
576 ! 2,101,229
267 i 1,514,932
2,6871 3,097,086

3,014 40,828 ; 21,171 29,515,977

2
1,846

1,

7,512
2,003
16,601
5,209.
2,057!
3,427 i
656 i
3,363!

te!

14,500

3,208
843
7,979

345
760

28 1
,11

79
42
25
126
34
5
79
75
36

2,149
5,574
6,940
2,591

549,860 1,559,051 26,893,772 1,121,610 331,272

2,074

12,852
268

54,381! 4,700
17,020 ; 1,
39,844!
282
25,478
607
17,437!
197
10,653!
455
8,454
15,085 4,131

868,026:
I408,596 I
i
82,047i
6,966,582 188,352
3,413
3,717
7,939
14,632
4,
3,081
9,995
3,714
12,815

Total United States
(exclusive of possessions)..
126,910,000 14,578 23,597,216 63,382,129 2,556,231 3,541,613 3,342,190
Alaska
Canal Zone (Panama)
The Territory of Hawaii
Puerto Rico
American Samoa
Virgin Islands of the United

10,446
2,003
23,817
4,085
2,191
2,364
1,105!

20

137

o
H
a
te)

o
O
w

o
f

F
tel
S
u
O
H
W
tel

o
d
g

4,103

117
18

s
§

Total United States
and possessions
129,526,353 14,621 23,674,539 63,690,025'2,569,359 3,564,275 3,351,967 550,620 1,612,252 !26,999,933 1,128,014 332,110 101,589 49,488 220,194 277,613 128,121,978
1 Includes also loan and trust companies and stock savings banks, but excludes private banks which do not report to State banking departments.
2 Civilian population only; excludes approximately 10,500,000 men estimated to be in the armed forces as of Dec. 31, 1943.
3 Excludes reciprocal demand balances with banks in the United States.
4 Excludesfiguresfor Guam and the Philippines because of the war.

o

M

TABLE NO.

23.—Assets and liabilities of all active banks in the United States and possessions, Dec. 81, 1948 (includes National, State commercial, savings, and private banks)—Continued
00
LIABILITIES
[In thousands of dollars]

Demand
deposits 1

Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut
Total New
States

England

New York
New Jersey
Pennsylvania.
Delaware
Maryland _
.
District of Columbia
Total Eastern States.

Total
deposits1

287,095
250,423
151,200
2,820,281
384,639
1,155,028

499,175
361,953
219,773
5,920,155
745,913
2,172,145

4,870,448

5,048,666

25,592,457
1,963,559
5,698,166
330,224
1,050,850
566,156

AcceptMortgages
ances exeor other
cuted by
Income
liens on
bank prem- or for ac- collected
count of
but not
ises and on
reporting
earned
other real
banks and
estate
outstanding

100

Other
liabilities

Capital
stock 2

Surplus

Undivided
profits

55
12
123
1,900
427
442

315
81
247
8,637
1,971
3,276

366
193
426
12,272
2,095
2,775

15,936
7,254
15,287
108, 111
20,274
43,445

21,830
22,645
5,048
287,615
48,021
97,593

15,436
10,547
4,727
134,969
5,677
53,980

2,252
2,894
3,341
30,556
312
6,945

210,307

482,752

225,336

46,300

146

103

9,919,114

4,281

103

5,966

2,959

14,527

18,127

8,693,786
1,464,816
2,515,326
96,883
534,612
141,531

34,286,243
3,428,375
8,213,492
427,107
1,585,462
707,687

39,518
636
169
275
380

19
1,031

37,850
253
4,327
59
158

9,111
2,341
2,695
140
455
279

68,607
3,370
16,442
744
2,836
1,242

271,729
3,181
9,744
410
1,967
733

780,449 1,645,649
121,101
109,125
285,513
503,670
11,553
23,766
34,734
50,439
18,977
20,450

448,095
28,530
113,646
6,967
28,599
10,533

118,073
25,630
57,675
8,281
6,430
1,819

35,201,412 13,446,954

48,648,366

40,978

1,050

42,647

15,021

93,241

287,764 1,252,327 2,353,099

636,370

217,908

18

6
332

1,599
137
1,610
127
2,159
418
353
57
379
488
149
423
962

2,535
651
2,223
508
1,463
1,242
860
431
1,555
4,509
126
1,419
1,945

1,094
298
1,705
206
960
414
436
682
1,646
1,730
437
3,468
721

44,753
24,214
24,623
10,104
33,162
26,643
25,417
15,407
25,267
93,232
13,512
35,177
35,789

34,371
20,548
27,313
7,692
25,012
24,539
18,250
12,519
21,943
73,512
9,870
30,979
26,809

14,224
6,858
9,921
3,183
10,453
6,689
8,930
1,273
7,798
33,585
5,501
9,639
11,413

7,490
2,081
6,760
1,605
5,973
3,590
3,753
1,437
3,963
12,423
1,748
3,541
4,658

4,576

8,861

19,467

13,797

407,300

333,357

129,467

59,022

341,410
138,787
163,240
45,850
164,957
145,217
141,665
79,795
142,620
255,682
53,084
130,721
221.849
'

Total Southern States.. 12,384,078

2,024,877

1,254,802
545,870
1,136,188
394,033
1,186,882
1,062,305
841,576
485,971
1,061,774
3,636,291
483,446
1.021.857
1.297.960 .
'
'
i
14,408,955 |

4,035

Expenses
accrued
and
unpaid

Reserves
and retirement account for
preferred
stock and
capital
notes and
debentures

5.287
649
30

913,392
407,083
972,948
348,183
1,021,925
917,088
699,911
406,176
919,154
3,380,609
430,362
891,136
1,076, 111

Virginia _
West Virginia
North Carolina
South Carolina
Georgia
Florida
Alabama..
Mississippi
Louisiana
Texas
Arkansas
Kentucky
Tennessee..




Time
deposits

212,080
111, 530
68,573
3,099,874
361,274
1,017,117

Location

Bills payable, rediscounts, and
other liabilities for
borrowed
money

240
100
213
126
13
47
60

1
4

30
69
702
1

2

1,601

7

780
134
87
513
2,192
514

g

TJ
O
§

o

s
te)
o
o
s

o
p
tei

.w

o
H

w

tei

3
o
H

Ohio
Indiana..
Illinois
Michigan
Wisconsin
Minnesota
Iowa
Missouri

3,663,869
1,534,237
7,180,333
2,656,194
1,260,481
1,441,978
1,128,484
2,534,719

Total Middle Western
States
21,400,295
North Dakota..
South Dakota
Nebraska
Kansas
Montana
Wyoming
Colorado
New Mexico
Oklahoma-

Total Pacific States
Total United States (exAlaska
Canal Zone (Panama)
...
The Territory of Hawaii
Puerto Rico
American Samoa.
Virgin Islands of the United
States




Total possessions

6,311,!

5,220,147
1,997,025
8,530,227
3,778,053
1,897,911
1,961,500
1,424,310
2,902,520
27,711,6

266
17
2,267
71
98
47
35
437

ö0ö"|ZIZIIII
3Ì0"bl,""."
2,886

1,904
555
2,589
2,222
615
1,823
215
748

3,238

76

10,671

1,935
861
3,807
2,160
1,033
647
3,556
1,163
3,993

1,755
944
17,925
86
170
1,131
33

26,173
14,322
192, 591
5,275
9,195
1,810
3,497

23,170
16,623
190,865
3,844
7,963
1,310
3,229

12,906
6,730
56,142
2,056
3,501
1,686
1,023

3,281
54,694
1,072
1,698
50
221

3,429

25
165

190

6,977

27,192

22,044

252,863

247,004

84,044

9,314

49,936

59,991

45,312

207,771

371,810 2,998,052 4,094,347 1,367,074

37

1,197

1,714

135 ;

51,650

166

20 !

1,217

60,157
2

o
w
tel

a

o
K

o
tr
w

1

g

W

o

955

677

349

8,840
3,548
25

7,488
2,178
25

2,171
395
19

4,475
400
3

150

23

16

47

tei

3,278

5,274

Ct

45,390 j 208,391 | 373,356 3,011,600 4,105,016 1,370,352

558,723

20

20

24
65
319
1,129

446
173

146
1,714 I

I
8

553,449

37

3,710

i Excludes reciprocal balances with banks in the United States.

3,123
2,951
6,407
11,334
3,352
1,931
9,320
250
14,620

2,876
1,828
20,919
302
560
176
531

12,318,365

668,726

4,289
4,760
15,954
22,687
5,721
3,716
14,475
2,528
22,861

591
155
5,892
17
57
34
231

3,959,910

249,720

8,254
7,319
22,559
29,424
8,265
3,802
14,725
3,100
28,985

19,155

8,358,455

419,006

141,750

64
50
173
527
40
50
164
14

53,288

53
30
3,346

Total United States
and possessions.
86,725,451 31,610,675 118,336,126

238,569

96,991

1,579,366
909,136
8,859,654
257,890
384,018
99,098
229,203

1,483

581,144

!

126,433

412,838
220,290
3,106,728
49,010
100,060
26,237
44,747

2,227

748,822

28,658

1,420

1,166,528
688,846
5,752,926
208,880
283,958
72,861
184,456

52,289
49,283
345,148
216, 787
1,509

20,768
8,078
59,324
17,082
12,886
9,144
6,273
8,195

4,798

4,660,907

12,036
4,601
135,893
94,941
766

41,959
21,687
56,419
29,520
18,407
21,203
14,358
35,016

823

569,150

40,253
44,682
209,255
121,846
743

48,546 !

118,123
43,236
186,956
58,763
37,060
51,284
31,172
54,550

7,299
161,483
1,443
56,010
9,890
208,235
3,040
86,004
600
63,110
628 ;
51,699
129 ! 37,917
5,629 I
84,364

323
641
808
289
46
1,233
8
1,191

301,999
240,626
833,921
1,029,822
319,059
136,008
722,127
162,239
915,106

86,306,445 31,360,955 117,667,400

9,498
2,051
22,189
5,075
1,992
3,901
523
3,317

38
31
101
130
42
53
160
5
263

64,617
39,404
77,970
92,831
48,019
25,276
130,160
19,964
70,909

237,
201,
755,
936,
271,
110,
591,
142,
844,

Total Western States.._ 4,091,757
Washington
Oregon...
California
Idaho
Utah
Nevada
Arizona

1,556,278
462,788
1,349,894
1,121,859
637,430
519,522
295,826
367,801

78 !

620

1,546

Includes capital notes and debentures.

13,548 I

10,669 !

(See classification on pp. 52 and 53.)

o
d

H

CO

T A B L E N O . 23.—Assets

Oi
and liabilities of all active banks in the United States and possessions, Dec. 81, 1948 (includes National, State commer©
cial, savings, and private banks)—Continued
[In thousands of dollars]
Loans and discounts

Location

Maine
New HampshireVermont
Massachusetts„ _
Rhode Island
Connecticut

---

-.

Total New England States
New York
New Jersey.
PennsylvaniaDelaware.
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—..




Commercial and
industrial
loans (including
openmarket
paper)

1,9
86 3
1,4
36 8
6,888
3 87 8
8,0
3,7
25 6
5,4
54 8
5 59 1
1,6
2,759,905
1 61 5
1,3
5 18 3
4,8
1,6
36 3
4,6
78 5
2,5
65 1
3,506,002
7,3
94 4
1,1
76 5
7,8
91 9
2,6
42 2
1 82 9
0,7
61,218
4,9
84 4
1,5
45 9
7,9
86 7
2 15 3
4,6
12,868
5,9
77 6
1 33 0
1,2
9 72 4
3,9

Real-estate loans
Loans secured
Other loans
by agricultural
for the purcommodities
Loans to
pose of purcovered directly Other
Secured
or indirectly
agricul- brokers and chasing or
Secured
by residealers in
carrying
Secured
by purchase
tural
by other
by farm
dential
securities stocks, bonds,
agreements of
loans
properland
properand other
Commodity
ties
ties
securities
Credit Corporation

69
7
6
4
1
3
3,1
44 9

2,218
682

3,691
1,679
19
6
1,886

3,8
51 1
2,4
23 4
2
3
17 5
,1
13
2
96
0
20
5
2,6
53 1
5
4
1,4
02 6
1,5
40 0
4,9
99 1
10 6
,3
2,7
44 8
1,5
34 4
91 6
,2
1 29 8
7,7
2,7
22 5
12 3
,6
1,9
20 1
3 41 5
3,3

1,2
03 5
2,5
26 5
3,230
1,9
33 4
87
6
3,004
5
4,5
31 5
1,4
10 1
2,088
6,279
2,745
1,1
12 5
5,210
9,275
1,0
93 0
6,878
8,7
78 0
1,7
11 1
1,5
62 1
1,3
47 5
2 40 8
0,5

18
9
24
2
6
5
2,4
59 0
35
0
41
5
2,8
71 3
1,085,522
7,507
5,0
42 6
3,416
3,771
1,167
1,155,589
2,728
34
3
3,163
44
5
1,874
2,780
1,416
1,108
4.287
3,766
51
7
93
8
3.288
2,5
67 2

3,535
1,045
1,292
2,9
52 1
1,784
9,242
4,8
21 9
4 37 4
0,3
1,6
76 9
5,7
27 5
2,788
2,8
49 9
3,292
5 52 7
0,4
7,209
8,347
1,7
31 0
1,797
1,1
93 2
16,222
4,011
3,522
5,321
4,9
40 1
2,297
9,834
1,4
31 9
1 82 2
4,8

1,454
3,4
52 0 7,400
801
6,9
47 8 4,570
6,950
5,9
53 4 4,777
85 4
1,100
9 91 1 3 , 6
5,3
86 4
85
4
7,4
26 6 1 , 9
24 8
1,367 3 55 6 1 , 7
5,7
1 , 1 1,542,785 8 , 8
25 7
64 3
0,4
1 , 5 3,049,538 1 45 3
29 8
45 0
2,8
4,180 3 33 6 6 , 0
36 9
7,1
2,7
34 7 3 00 9 8 , 9
2,5
24 6 5,247
3,004
48 8
5,6 2,1
02 4
9,156
43 4
3,8
53 6 1 , 9
5
5
9,0
3,851,049 2 72 1
5,3
28 0
65 3
1,2
34 1
6,3
33 1 1 , 3
4,643
3,1
05 9 9,493
1,7
04 2
1,2
54 3 8,978
1,586
6,460 2,711
6,722
2,2
76 1 6,363
2,702
1,5
15 5 8,905
4,085
1.0
46 7 8,946
5,239
7,038 2,655
4,970
1,3
40 7 6,666
49 8
1,7
03 5
2,6
51 6 1 , 7
3,107
5,637 2,571
2,4
04 7
2,0
49 4 7,937
12,010
1.0
76 8 7,055
0,9
9,7
97 9 2 39 6 1 37 1
6,0

B

All other
Loans to loans, including
banks
overdrafts

60

1,517
3
0
1,607
4,3
33 4
4,048
47,382
87
3
100
162

21
5
7
8
221

1,007
17
6
12
54
0
16
5
3,495

1,5
36 0
1,8
03 0
9,906
1 29 5
5,1
1,5
73 4
4,7
77 4
2 19 9
5,7
5 10 6
8,6
9,9
88 8
2 65 0
5,4
1,7
43 7
4,4
32 5
2,8
56 9
1,019,815
8,3
45 1
3,5
10 4
5,3
13 7
16,288
5,2
10 7
3,2
35 9
2,5
98 5
1,4
58 2
3,8
52 6
9,9
95 9
1,9
76 0
4,7
99 7
5,2
59 5
5 19 0
7,4

n

O

o

tel
o
o
g

I1
t-

tel

W
O

H
w

tel

o
d

tel
o
Hi

Ohio
Indiana
Illinois
Michigan...
Wisconsin..
Minnesota..
Iowa
Missouri. _.
Total Middle Western StatesNorth DakotaSouth Dakota..
Nebraska.
Kansas
Montana
Wyoming
Colorado
New Mexico....
Oklahoma
Total Western StatesWashington.
Oregon
California. _.
Idaho
Utah
Nevada
Arizona
Total Pacific States
Total United States (exclusive of possessions).
Alaska..
Canal Zone (Panama)
The Territory of Hawaii
Puerto Rico
American Samoa
Virgin Islands of the United States.




Total possessions.
Total United States and possessions.

285,626
71,634
865,463
173,955
96,553
120,846
47,608
239,959

2,669
2,415
7,771
1,428
501
5,679
5,011
14,615

20,356
20,675
51,197
16,615
22,161
46,201
92,900
50,891

77,187
353
102,772
6,851
489
2,962
786
5,847

49,476
11,289
67,653
12,106
7,709
7,774
7,135
19,615

36,718
28,752
20,665
16,478
24,930
17,650
41,461
21,820

271,774
98,349
129,151
160,831
88,368
84,833
43,416
105,664

52,257
15,203
21,415
31,161
17,764
6,070
8,355
22,795

156
54
766
70
205
3,928
12
1,347

189,537
42,895
130,779
85,562
37,780
66,922
34,455
93,423

1,901,644

40,089

320,996

197,247

182,757

208,474

982,386

175,020

6,538

681,353

5,550
4,264
25,797
36,074
7,830
2,338
30,308
5,029
69.424

24,996
6,358
14,013
24,495
16,574
1,914
7,198
2,361
23,464

8,179
24,365
55,937
55,160
12,309
10,079
30,472
7,381
29,114

4
1
257
1,718

710
1,920
5.756
9,816
856
786
1,924
610
4,141

2,843
4,479
6,184
11,465
3,396
4,390
11,724
4,308
15,613

492
1,179
2,305
2,134
644
962
3,272
773
1,867

42

613

259
725
6,088
2,911
944
437
2,161
483
1,730

1

3,606
3,769
18,186
21,238
3,327
1,806
12,436
2,705
23,444

186,614

121,373

232,996

3,159

15,738

26,519

64,402

13,628

168

90,517

122,445
51,755
591,825
9,826
14,112
2,516
11,223

16,998
8,423
17,103
3,418
1,858

10,828
7,101
72,774
10,041
10,483
2,382
9,410

1,527
787
15,844
4
464

6,168
1,295
36,779
244
2,968
288
437

5,104
1,398
53,740
1,109
2,575
342
506

49,514
10,368
787,844
8,673
20,941
6,179
11,782

20,635
4,655
144,533
1,631
6,252
1,531
667

8

30,463
25,255
159,503
3,489
8,313
2,232
5,095

803,702

54,308

123,019

18,626

48,179

64,774

895,301

179,904

162

234,350

7,851,217

610,447

934,549

1,428,556

942,392

464,893

7,599,829

856,027

59,352

2,849,954

73

442

1
2
3,392
728

1,671

591
5,656

252
1,783

12,820
1,864

1,027
462

57

205

102

2,622
226
6,881
9,158
1
47

27,256

442

6,251

4,123

2,092

16,560

1,664

18,935

7,878,473

610,889

940,800

946,515

466,985

7,616,389

857,691

59,352 1 2,868,889

6,508

566

488
12,816
13,782
22
148

4

1,428,556

39
75
1
10

60
34
60

B

*

O

S
0
H

M
a

1
**
H

w
o
F
S
w

o
^

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w
tel

0

1
g
a

K|

Oi

T A B L E N O . 23.—Assets

O
and liabilities of all active banks in the United States and possessions, Dec. 81, 1948 (includes National, State com- l
to
mercial, savings, and private banks)—Continued
[In thousands of dollars]
Capital

Location

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
LouisianaTexas
Arkansas...
Kentucky..
Tennessee..




Total Southern States

Capital
notes
Preand de- ferred
benstock
tures

414
3,752

Demand deposits

IndividuCommon als, part- < U. S.
Governnerships
stock
ment
and corporations

3,807
1,037
4,973
6,546
1,301
5,762

11,715
6,217
6,562
101,565
18,973
37,683

164,101
81,590
58,491
2,124,715
276,981
788,728

15,773
10,154
2,893
439,140
50,673
121,980

19,301
9,915
4,588
136,905
16,810
43,666

10,115
7,394
1,378
344,388
11,774
46,280

231,185

421,329

4,166

23,426

182,715

3,494,606

640,613

41,207
552

36,827
42,445
23,608
34
2,205
750

702,415 16,421,287
78,104 „1,473,251
261,905 4,231,747
11,447
245,789
28,932
725,462
17,950
455,528

4,008,464
234,032
636,998
66,339
154,879
62,531

72
3,597
277

45,705 105,869 1,100,753 23,553,064

188
1,302
20
10
964

40,866
22,109
22,023
8,877
31,191
26,082
21,386
10,609
21,639
86, 543
11,957
31,396
29,345

3,887
412
2,600
1,039
669
561
4,031
4,778
3,618
5,725
1,555
3,781
6,444

4,177 ' 39,100

1

603,214
287,515
601,620
261,721
653,802
612,914
485,194
287,660
583,121
!, 338,035
305,159
636,945
631,003

Banks in
United
States (exand political sub- cludlngredivisions ciprocal ,
bank balances)

Time deposits

Banks
inforeign
countries

17,063
435

364,023 ! 8,287,903 ! 1,070,610

2,781
2,477
1,223
37,663
4,601
16,463

285,920
249,501
149,474
2,817,634
383,443
1,152,531

States
Banks
and po- Banks in forin
litical United eign
subdicounvisions States tries

325
309
169
1,389
427
1,957

16
60
14
203
50
65
408

823
205
1; 495
609
519
441

11
348
48
446
200
34

4,092

1,087

17,507

65,208

5,038,503

4,576

590,671 2,962,891 838,834
240
37,164
182,641
6,911
573, 578
180,997
4, 258
9,429
110,573
204
53,534
38,911
385
79

770,310
36,231
67,935
4,409
6,198
8,722

8,417,471
1,452,826
2,440,860
94,788
526,746
141,085

15,397
4,659
1,648
15
1,764
344

2,557

1,186

44,767 213,594
6,761
570
64,199
7,433
2,065
15
2,704
3,361
75

893,805 13,073,776

23,827

1,250 120,496 225,048

2,557

5,163,243 1,017,351 3,727,375 846,574
104,668
43,718
76,260
21,904
118,099
82,283
68,615
22,343
69,521
257,122
23,725
76,500
105,852

Certified Individuand
als, partcashiers' nerships
checks, and corpoment
etc.1
rations

54,990
35,360
101,058
42, 539
62, 289
88,388
76,013
58,231
80,441
175,695
46,181
47,883
79,520

129,348
31,217
182,155
18,601
176,567
121,429
63,526
35,809
175,374
521,154
52,590
123,673
249,121

948,588 1,880,564

93

24
,039
231
3,316
4,262
4

8,9

21,079
9,273
11,855
3,418
11,144
11,035
6,332
2,133
7,381
84,341
2,703
6,105
10,615
187,414

7,301
412
3,921
699
1,953
4,783
1,468
3,152
4,364
5,841
853
2,344
3,877

484
240
366
17
189
195
70
122
340
573
54
32
114

1,924,044 ! 40,968

2,796

321,788
137,107
155,333
44,179
161,871
131,083
139,012
76,289
135,263
230, 551
51,876
127,631
212,061

10,781
375
2,185
806
373
7,511
565
2
2,628
17,850
151
622
1,617
!

1,056
653
1,435
149
571
1,645
550
230
25
867
150
92
4,180

45,466

11,603 1

Ohio..
Indiana
Illinois
Michigan. .
Wisconsin __
Minnesota .
Iowa
Missouri...

17,275
6,407
1,058

2,498

Total Western States-

47,800

666,927 14,729,531

129
298
530
1,458
235
713
718
371
916

485
143
462

Total Pacific States

1,090

Total United States (exclusive of possessions)
Alaska.
Canal Zone (Panama)
The Territory of Hawaii
Puerto Rico.
American Samoa...
Virgin Islands of the United States.
Total possessions
United

States

7,683
6,757
21,881
27,966
7,975
3,089
14,007
2,729
28,069

181,295
150,639
509,117
643,093
199,036
80,690
445,180
103,355
537,124

404,145
141,952
874,848
300, 507
150,008
152,138
92,375
205, 578

170,012
154,818
274,518
184,162
74,121
113,553
126,945
141,010

274,963
1, 774
108,285
91
1,097,889 13,815
166,578
2,018
111, 467
203
256,106
2,166
114.276
674,399 "1,319

2,321, 551 i 1,239,139 j 2,803,963
30,959
27,335
41,799
129,755
30,095
13,679
23,771
21,182
95,018

13,
49,
67,
15,
5,
40,
7,
71,

13,335
8,149
150,459
89,791
22,976
9,816
76.182
8; 006
118,558
497, 272

21,386 !

37

1,467,963
454,287
1,319,660
1,112,979
633,653
512.454
293,851
361,541

306
2,264
3,498
2,316
123
911
1,773
3,850

284, 725 6,156,388

15,041

73,273
23,360
69,811
38, 259
21,516
20,804
13,969
23,733

2,021
1,482
5,103
7,254
3.062
1,259
6.063
1,884
22, 296

45,424
38.112
77,621
91,367
47.113
24,282
126.730

83,774
88
26,454
5,146
2, 512
5,039
38
2,063

3,732
5,647
14
1,313
993
829
7
113

2,207 125,114

12,648

503
502
268
105
149
289
157
234

19,124
1,240
47
117
520
614
179

65,769

25
258
1,051
327
117
304
104
1,355

11
19
36
75
24
32
5
34
166

1,267

n

221
35
231
2,942
6
2,352

536,238

w
tel
hj
O

1 ; 80
9 2

55

120,156

2,849,529

280,902

413, 593

37

50.424

3,544

402

23,108

867,
487,
4,317,
166,
189,
53,
139,

123,144
81,081
573,463
13,112
16,561
5,752
17,400

78,239
70,737
358,061
21,028
28,935
10,431
21,664

1,719
360
21, 353
20

407,
213,
2,977,
47,
97,
26,
44,

4,191
1,651
19,996
1,462
1,795
151

22
15
402
17
25

109
4,680
93,606

728
317
14,058
105
110

487

14.953
16; 495
155,480
2,105
3,391
1,467
3,421

31,870

219,903

6,221,657

830, 513

589,095

495,939 « 23.939

197,312

3,814,665

29,246

o

§
tel

o
o
K

5,858

24,471
14,127
163,225
4,906
8,597
1,780
2,797

90,142 253,433 2,654,477 59,136,290 10, 307,432 4,438,951 9,826,442 918,442 1,678,888 30,543,614 117,202

8,840
3, 548
25
38
13,436

and

2,739,702
1,105,731
4,849,452
1,964,670
903,166
897,211
780,919
1,488,680

1,217
52
29,366
369
136
30
700

909

Washington.
Oregon
California
Idaho
Utah..
Nevada
Arizona




34,095
442
264
148

Total Middle Western States

1

133,433
46,173
204,023
64,617
54,895
49,033
35,523
79,230

5,923
934

North Dakota..
South DakotaNebraska
Kansas
Montana
Wyoming
Colorado.
New Mexico
Oklahoma

Total

10,775
3,430
3,154
21,387
2,292
1,732
2,394
2,636

35,
16,
116,
78,

1,
248, 3

2,837
28,170
58,927
7,357
194
97,485

90,142 253,545 12,667,913 | 59,384,625 10,404,917

695
29,436
19,373
287

2,182
2,526

50,789

5,394

1

58
34
5,599
11
5,702

630
49
1,844
8,766

1,1
20 2

12

4,601
132,890
29,971
766
1,398

11,301

181,638

132
27
92

1,500

15

n
o
t<
S
w

15,333

1,500

o

7,583 416,922 271,577

4,057

3
tel

98,646

24
2,374
31

64,734

2,429

65,419

56"

0

205

1

26
231

1,740 ! 9,831,836 924,144 1,690,189 30,725,252 117,202 10,012 482, 341 271,808

4,060

ÎJ
2
H

O

Includes dividend checks, letters of credit and travelers' checks sold for cash, and amounts due to reserve agents (transit account)

Oi
00




54

EE

PORT OF THE COMPTROLLER OF THE CURRENCY

capita demand and time deposits of individuals, partnerships,
and corporations in all active banks, Dec. 31, 1943

TABLE NO. 24.—Per

Location

Population
(approximate) 1

Deposits of individuals, partnerships and corporations
(in thousands)
Total

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
Ohio
Indiana
Illinois
Michigan
Wisconsin
Minnesota
Iowa
Missouri
Total M i d d l e Western
States
North Dakota
South Dakota.
Nebraska
Kansas.
Montana
Wyoming
Colorado
New Mexico
Oklahoma

Demand

781,382
448,424
317,989
4,103,793
690, 424
1,731,260

$450,021
331,091
207,965
4.942,349
660, 424
1,941, 259

$164,101
81,590
58,491
2,124,715
276,981
788,728

8,073,272

8,533,109

3,494, 606

12,677,424 24,838,758 16,421,287
4,049,982 2,926,077 1,473,251
9,442,986 6,672,607 4,231,747
268,305
340, 577
245,789
1,940,070 1,252,208
725, 462
828,404
596,613
455, 528

Time

Per capita

Total

Demand

$285,920 $575.93 $210.01
249, 501
738,34 181.95
149,474
654.00 183.94
2,817, 634 1,204.34 517.75
383,443
956.55 401.18
1,152,531 1,121.30 455. 58
5,038,503 1,056.96

Time
$365.92
556.39
470.06
686. 59
555.37
665.72

432.86

624.10

8,417, 471 1,959.29 1,295.32
1,452,826
722. 49 363.77
2,440,860
706,62 448.14
94,788 1,269.37 916.08
526,746
645. 44 373.93
141,085
720. 20 549.89

663.97
358.72
258.48
353.29
271. 51
170. 31

29,207,171 36,626,840 23,553,064 13,073,776 1,254.04

806. 42

447. 62

220. 73
167.10
178.99
144.38
219. 60
301.78
176.94
143.51
251.36
373.70
170.85
250.09
223. 21

117. 75
79.68
46.22
24.37
54. 37
64.54
50.69
38.06
58.31
36.85
29.04
50.11
75.01

925,002
424,622
756,953
305,900
815,673
743,997
624.206
363.949
718, 384
2,568.586
357,035
764, 576
843,064

603,214
287,515
601,620
261. 721
653,802
612,914
485,194
287.660
583,121
2,338,035
305,159
636,945
631,003

321,788
137,107
155,333
44,179
161,871
131,083
139,012
76,289
135,263
230,551
51,876
127,631
212,061

338.48
246. 78
225.21
168.75
273.97
366.32
227.63
181. 57
309.67
410.55
199.89
300.20
298.22

35,118,459 10,211,947

8,287,903

1,924,044

290.79

236.00

54.79

2, 739,702
1,105,731
4,849,452
1,964,670
903,166
897,211
780,919
1,488,680

1,467,963
454,287
1,319,660
1,112,979
633,653
512,454
293,851
361,541

621.15
463. 85
812.08
591.54
524.43
561.06
474.48
523.10

404.44
328.77
638:36
377.62
308.20
357.10
344.75
420.88

216.71
135.08
173.72
213.92
216.23
203.96
129.73
102.22

34,181.918 20,885,919 14. 729, 531

6,156,388

611.02

430.91

180.11

45,424
38.112
77,621
91,367
47.113
24,282
126, 730
19,820
65,769

427.99
345.86
495.95
435. 65
527. 51
464. 43
547.49
254. 55
290.29

342.24
276.03
430.34
381. 45
426. 55
357.00
426.17
213.59
258.62

85.75
69.83
65.61
54.20
100.96
107.43
121. 32
40.96
31. 67

2,732,793
1,720,670
3,361,151
1,812,723
2,977,210
2,031,000
2,742,206
2,004,429
2,319,824
6, 256. 434
1,786,139
2, 546,871
2,827,009

6,774,028
3,363,188
7,596,707
5,202,789
2,930,446
2,512, 524
2, 265,176
3, 537,060

4,207, 665
1, 560,018
6,169,112
3,077, 649
1, 536,819
1,409,665
1.074,770
1,850, 221

529,726
545, 739
1,183,052
1,685,909
466, 620
226,023
1,044,600
483,884
2,076,888

226, 719
188, 751
586, 738
734.460
246,149
104,972
571,910
123,175
602,893

181, 295
150, 639
509.117
643,093
199.036
80, 690
445,180
103, 355
537,124

8, 242, 441

3,385,767

2.849, 529

536, 238

410.77

345. 71

65.06

1,819,800
1,126, 650
7,403, 922
461, 744
576, 586
131,412
566, 625

1, 275,493
867. 705
701,335
487, 708
7, 295,025 4,317,859
213,839»
166, 413
287,043
189,045
79,966
53,907
183. 621
139,020

407.788
213,627
2,977,166
47,426
97,998
26,059
44.601

700.90
622. 50
985.29
463.11
497.83
608.51
324.06

476.81
432.89
583.18
360.40
327.87
410. 21
245. 35

224.09
189.61
402.11
102.71
169.96
198.30
78.71

3.814,665

830. 36

514.75

315.61

Total United States (exclusive of possessions)
126.910,000 89,679,904 59,136,290 30, 543,614

706.64

465.97

240.67

Total Western States
Washington.
Oregon
California
Idaho
Utah
Nevada
Arizona
Total Pacific States

12,086, 739 10,036,322

6, 221,657




55EEPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE

capita demand and time deposits of individuals, partnershipst
and corporations in all active banks, Dec. 31, 1943—Continued

NO. 24.—Per

Location

Population
(approximate) 1

Deposits of individuals, partnerships and corporations
(in thousands)
Total

Alaska
Canal Zone (Panama)
The Territory of Hawaii
Puerto Rico
American Samoa
Virgin Islands of the United
States

78,370
56,656
444,845
1,996,444
14,025

47,418
21,006
249,722
108,196
1,21 i

Demand
35,. 406
16.405
116.832
78,225
445

Per capita

Time

Total

Demand

12,012
4,601
132,890
29,971
766

605.05
370.76
561.37
54.19
86.35

451.78
289. 55
262.64
39.18
31.73

Time
153.27
81.21
298.73
15.01
54.62

26,013

2,420

1,022

1,398

93.03

39.29

53.74

2,616,353

429,973

248,335

181,638

164.34

94.92

69.42

Total United States and
129, 526,353 90,109,877 59,384,625 30, 725,252
possessions

695.69

458. 48

237.21

Total possessions2

1 Civilian population only; excludes approximately 10,500,000 men estimated to be in the armed forces as
of Dec. 31, 1943.
2 Omitsfiguresfor Guam and the Philippines on account of the war.

TABLE NO.

25.—Officials of Slate banking departments and number of each clastt of active banks under their supervision in December 1943 Cn

o>

Mutual savings

State (commercial) i
Insured
Location

Names of officials

Titles

Total
, number
i of banks
!

Members
Federal
Reserve
' System

Private

Insured

Not
members
Federal
Reserve
System

Noninsured

Members
Federal
Reserve
System

Not
members
Federal
Reserve
System

hi
Noninsured

Noninsured

1

O
h3

Homer E. Robinson.
Clyde M . Davis
Charles E. Burns
Joseph Earl Perry
Thomas J. Meehan. _
Richard Rapport

Maine
New HampshireVermont
Massachusetts
Rhode Island
Connecticut
Total New
States.

Bank Commissioner
— ..do
Commissioner of Banking and Insurance
Commissioner of Banks
Director of Business Regulation
Bank Commissioner

England

New York
New Jersey
Pennsylvania
Delaware
Maryland
District of Columbia.

Superintendent of Banks
Commissioner of Banking and Insurance
Secretary of Banking
State Bank Commissioner
Bank Commissioner

Virginia
West Virginia...
North Carolina
South Carolina..
Georgia
Florida
Alabama
Mississippi
Louisiana
Texas
Arkansas
Kentucky
Tennessee
Total Southern States.

Milton R. Morgan
A . W . Locke
Gurney P. Hood
W . Royden Watkins.
John C. Beasley
J. M . Lee
Addie Lee Farish
Joseph W . Latham
W . J. Begnaud
John Q. McAdams
Thomas W . Leggett-..
Hiram Wilhoit
H . B. Clarke

Commissioner of Banking
. . . . do .. . . .
Commissioner of Banks
Chief Bank Examiner
Superintendent of Banks
Comptroller, State of Florida
Superintendent of Banks
State Bank Comptroller
State Bank Commissioner
Commissioner, Department of Banking
State Bank Commissioner.
Director, Division of Banking .
Superintendent of Banks

tel

1

4
10
25
127

430
158
380
30
123
13

177
70
98
4
16

108
55
252
23

1,134

Elliott V . B e l l . . . . . . .
Eugene E. Agger
William C. Freeman.
John C. Darby
John W . D o w n i n g . . .

M

9
2 16

49

Total Eastern States .




63
55
41
260
23
148

374

535

183
103
182
124
245
119
150
179
117
391
100
300

63
28
10
6
17
5
18
3
8
94
12
18
7

120
70
165
89
211
106
127
171
108
252
141
253
209

289

2.022

65

0

191
9
70
16

1

330

132
13
7

5

O
g

"Ì5

o

9
29

155

21

20

1-3
tt
tel

t
a
o

K!

166

Illinois
Michigan...
Wisconsin..
MinnesotaIowa .
Missouri...

Arthur C. Lueder..
E. William Nelson.
James B. M u l v a . . .
F. A. Amundson—
V . W . Ellis
I). Ross Harrison..

J. A. Graham
Krling Haugo
Wade R. Martin
B. A. Welch
W . A. Brown . . .
__•
Norris E. Hartwell
**aple T. Harl
Woodlan P. Saunders.__
Carl B. Sebring

State Examiner
Superintendent of Banks...
Director of Banking..
Bank Commissioner
Superintendent of Banks.._
State Examiner..
State Bank Commissioner_
State Bank Examiner.
Bank Commissioner

Total Western States.
Washington.
Oregon
California.
Idaho
Utah
Nevada
Arizona

J. C. Minshull
A. A. Rogers
Benjamin C. Corlett...
O. L. Jenkins
R. F. Starley
D. G. La Rue...
George G. Williams

Supervisor of Banking
Superintendent of Banks..
do
.
Commissioner of Finance_
Bank Commissioner
Superintendent of Banks. .
... do




0 scar G. Olson-

Secretary, Territorial Banking Board.
Bank ExaminerTreasurer

Total possessions 6
Total United States
and possessions.
1
2
3

1

483
356
465
488
542
514

119
152
50
24
61
85

353
187
401
428
426
397

11
17
10
35
55
32

2

1
1

760

2,693

178

3

7

23
16
36
28
10
15
5
13

105
102
205
238
41
20
42
14
161

10
1
54
175

146

928

256

15
7
19
10
22
2
2

69
35
76
20
23
2
5

4
4
20
1

77

230

29

3

1

Includes loan and trust companies and stock savings banks.
Includes 8 guaranty savings banks.
Includes 1 private bank.

11
12

2
1

13
2
7
13
1

339

Total Pacific States _
Alaska..
Canal Zone (Panama)
The Territory of Hawaii
Puerto Rico
....
American Samoa

7
11

90
47
115
31
45
4
7

Total Middle Western
States.
North DakotaSouth DakotaNebraska
Kansas.
Montana
Wyoming
Colorado
New Mexico...
Oklahoma

3
2

249
«252

115
126
275
450
69
30
63
19
184

Superintendent of Banks
...
Director, Department of Financial Institutions.
Auditor of Public Accounts
Commissioner, State Banking DepartmentChairman, Banking Commission
Commissioner of Banks
Superintendent of Banking.
Commissioner of Finance

173
96

1,331

H. Earl C«ok___
A . J . Stevenson.

443
375

3,666

Ohio
Indiana.

13
*2
8
5 13
1

1,695

1

I

2

23

1

6

759

hrj
^

w
H

1

O
£
"d
¡3
O
t*
g
w

o

«

a

36

6, 536

I
O
O

10

1

37
9, 575

1

3

181"

353

48

îzî

o
« Branches of 2 American national banks.
«Includes 2 American national banks having branches in Puerto Rico.
• Excludes figures for Guam and The Phillipines because of the war.

<1

TABLE NO.

26.—Summary of status, progress, and results of liquidation of all national banks 1 placed in charge of receivers from the date of the

first national bank failure, Apr. 14f 1865, to Dec. 81, 1948
National and District of Columbia nonnational banks
Completely
liquidated
and finally
closed

Number of receiverships

3 2,796

Disposition of assets:
Collections from assets (including, earnings collected from 1,155 banks completely liquidated
to Oct. 31, 1933, and for accounting purposes,
dividends paid secured creditors of all trusts
finally closed Oct. 1,1924, to Oct. 31,1929)
Offsets allowed and settled (against assets)
Losses on assets compounded or sold under order
of court
Book value of assets returned to shareholders'
agents
Book value of remaining assets




U4

1

Total

«15

Completely
liquidated
and finally
closed
«2,782

In process of
liquidation

25

468,814,264
55,890,498

2,213,929,904
253,839,306

16,261,102
1,922,467

2,298,266
167,427

18,559,368
2,089,894

1,708,854,538
196,026,341

136,671,924

1,222,431,204

6,123,423

274,237

6,397,660

1,079,635,857

9,067,947

42,772,290
9,067,947

26,486

87,969

26,486
87,969

42,745,804

3,071,596,018

670,444,633

3,742,040,651

24,333,478

2,827,899

27,161,377

1,745,115,640
152,788,091

468,814,264
26,078,130

2,213,929,904
178,866,221

16,261,102
607,036

2,298, 266
4,778

106,961,731
197,948,808

54,516,725
55,890,498

161,478,456
253,839,306

1,113,823
1,922,467

42,772,290

Total

5 2,807

$2,827,899 $27,161,377 $3,047,262,540 $667,616,734 $3,714,879,274

1,085,759,280

—

Disposition of collections:
Dividends paid by receivers to unsecured creditors (including dividends paid to secured creditors for 815 banks completely liquidated to
Oct. 31, 1929)
,

3 2,822

Completely
In process
liquidated
of liquiand finally
dation
closed

National banks

1,745,115,640
197,948,808

Collections:
Collections from assets as above
Collections from stock assessments
Earnings collected: Interest, premiums, rents, etc.
(unavailable as separate item for 1,155 banks
completely liquidated to Oct. 31, 1933)
Offsets allowed and settled (against assets)
Unpaid balance Reconstruction Finance Corporation loans
Total

26

Total

$3,071,596,018 $670,444,633 $3,742,040,651 $24,333,478

Total assets taken charge of by receivers

Total.

In process of
liquidation

District of Columbia nonnational banks 2

466,515,998
55,723,071
136,397,687

2,195,370,536
251,749,412
1,216,033,544
42,745,804
8,979,978

3,047,262,540

""8,"979,"978"
667,616,734

3,714,879,274

18,559,368
611,814

1,728,854,538
152,181,055

466,515,998
26,073,352

2,195,370,536
178,254,407

312,843
167,427

1,426,666
2,089,894

105,847,908
196,026,341

54,203,882
55,723,071

160,051,790
251,749,412

233,649

1,500

235,149

233,649

1,500

235,149

- 2,203,047,919

605,301,117

2,808,349,036

19,904,428

2,783,314

22,687,742

2,183,143,491

602,517,803

2,785,661,294

1,022,476,223

379,050,471

1,401,526,694

9,098,148

1,631,588

10,729,736

1,013,378,075

377,418,883

1,390,796,958

Dividends paid by receivers to secured creditors
(unavailable as separate item for 815 banks completely liquidated to Oct. 31,1929)

Distributions by conservators to unsecured creditors

33,650,205

859,161

34,509,366

35,202

35,202

33,615,003

859,161

34,474,164

2,838,102
10,750

165,680,350
1,361,256

40,605,587

206,285,937
1,361,256

Distributions by conservators to secured creditors.
Payments to secured and preferred creditors (including disbursements for the protection of assets for 597 banks completely liquidated to Oct.
31, 1926)
Offsets allowed and settled (against liabilities)
Disbursements for the protection of assets (unavailable as separate item for 597 banks completely
liquidated to Oct. 31,1926)
Payments of receivers' salaries, legal and other ex-

168,518,452
1,372,006

40,605,587

209,124,039
1,372,006

2,838,102
10,750

619,149,104
197,948,808

85,635,827
55,890,498

704,784,931
253,839,306

4,305,534
1,922,467

595,113
167,427

4,900,647
2,089,894

614,843,570
196,026,341

85,040,714
55,723,071

699,884,284
251,749,412

hj
O

7,655,348

525,230

8,180,578

17,032

2,362

19,394

7,638,316

522,868

8,161,184

Payments of conservators' salaries, legal and other
expenses
—
Amounts returned to shareholders in cash
Cash balances in hands of Comptroller and receivers

135,260,524
10,057,929

33,106,455
958,223

168,366,979
11,016,152

1,502,007
167,236

244,459
33,774

1,746,466
201,010

133,758,517
9,890,693

32,861,996
924,449

166,620,513
10,815,142

o

6,959,320

6,959,320

7,950

7,950

6,951,370
8,561,074

8,561,074

602,517,803

2,785,661,294

8 360,214,675

40,345,000

176,392,631

161,510,631

14,882,000

176,392,631

14,882,000
14,495,780
38,225,000
493, 852,889

176,392,631
170,552,785
329,073,807
2,379,461,698

1,812,920
17,350,589

100,000
1,796,607

1,912,920
19,147,196

161,510,631
156,057,005
289,035,887
1,868,258,220

14,882,000
14,495,780
38,125,000
492,056,282

176,392,631
170,552,785
327,160,887
2,360,314,502

50, 772,819

514,505,751

4,598,285

596,653

5,194,938

459,134,647

50,176,166

509,310,813

15,695,466
412, 523,244

95,859,824
2,115,462,059

763,906
16,218,453

45,964
1,631,230

809,870
17,849,683

79,400,452
1,686,720,362

15,649,502
410,892,014

95,049,954
2,097,612,376

71.99

101.94

77.83

73.88

100.02

76.27

71.98

101.94

77.85

84.10

100.31

87.13

80.18

98.15

81.92

84.13

100.32

87.18

6.94

5.63

8.47

10.00

6.93

5.61

6.64

2,203,047,919

605,301,117

2,808,349,036

« 362,467,595
Capital stock at date of failure
United States bonds held at failure to secure circulating
161,510,631
notes
United States bonds held to secure circulation, sold
161,510,631
and circulation redeemed
156,057,005
Circulation outstanding at date of failure
290,848,807
Assessments upon shareholders
1,885,608,809
Deposits at date of failure
Borrowed money (bills payable, rediscounts, etc.) at
463,732,932
date of failure
I
—
Additional liabilities established subsequent to date
80,164,358
of failure
1,702,938,815
Claims proved (both secured and unsecured)

40,445,000

e 402,912,595

14,882,000

108,591

108,591

19,904,428

2,783,314

22,687,742

' 2,252,920

100,000

7 2,352,920

8,669,665

Average percent dividends paid to claims proved
Average percent total payments to creditors to total
liabilities established
Average percent total costs of liquidation to total collections including offsets allowed...

1 Including District of Columbia nonnational banks and building and loan associations.
2 Including building and loan associations.
5 Does not include 159 banks restored to solvency.
* Does not include 1 bank restored to solvency.




n

H
w

tel

a

8 400,559,675

8,669,665

Total _

6,951,370

§

2,183,143,491

Does not include 158 banks restored to solvency,
e Includes $23,100,000 capital stock of 159 banks restored to solvency.
7 Includes $50,000 capital stock of 1 bank restored to solvency.
8 Includes $23,050,000 capital stock of 158 banks restored to solvency.
5

o
S

o
W
f
t*
a
w

o

s
tel
o
d

g
tel

o

Cn
O




TABLE NO.

a>
1 placed in receivership period Apr. 14, 1865,
o
to Dec. 81, 1948, by groups according to percentages of dividends paid to Dec. 81,1948

27.—Number and deposits of national and District of Columbia nonnational banks
Liquidation banks
Dividends
paid,
100 percent and
over

Periods and bank groups

Number of
banks
Receiverships completely liquidated and finally closed or restored to solvency, 1865 to 1943
(2,955 banks):
Apr. 14, 1865 to Oct. 31, 1930,
(Data for individual annual
report years unavailable; deposits prior to 1880 unavailable for 84 banks) (974 banks)
Nov. 1, 1930 to Oct. 31,1931 .
N'ov. 1, 1931 to Oct. 31, 1932
Nov. 1, 1932 to Oct. 31,1933..
Nov. 1, 1933 to Oct. 31, 1934 .
Nov. 1, 1934 to Oct. 31, 1935
Nov. 1, 1935 to Oct. 31, 1936
Nov. 1, 1936 to Oct. 31, 1937.
Nov. 1, 1937 to Oct. 31, 1938
Nov. 1, 1938 to Oct. 31, 1939.
Nov. 1,1939 to Oct. 31,19^0
Nov. 1, 1940 to Oct. 31, 1941
Nov. 1, 1941 to Dec. 31, 1942
Jan. 1,1943 to Dec. 31,1943 .

Grand total (2,981 banks)

Number of
banks

Deposits

Number of
banks

208
.
.
.

.
.
.
..

Total 1931-43 (1,981 banks)
Active receiverships as of Dec. 31,
1943 (26 banks)

Deposits

.

$77,296,606

163

$64, 572, 547

211

6
11
8
8
28
40
86
»76
26
19
*7
14
6

1,994,080
15,873,316
4,412,925
4.431,721
5; 083.636
14,723,916
50, 715,003
33,477,651
20,910,457
17,397,983
18,147,843
77,234,820
16,260,257

16
16
13
18
29
46
80
110
61
36
39
46
8

5,323,140
5,549, 989
5,826, 514
8, 517,835
11,801,668
12,246, 387
38,690,969
54,346, 379
58,631,031
43,639.246
68,673,118
248,608,395
75,837,758

22"
33
21
17
34
56
85
106
42
38
4 42
26
8

335 t 280,663,608
!
2 1 400,594,613 !
515

758, 554,827

Deposits

Number of
banks

$66,952,690
8,334,115"
14,038,797
9,692,212
10,532, 532
13,854,445
18,483,929
38,027,988
56,203,459
32,056,684
43,319,262
76,497,725
72,320,682
39,828,007

156
29~
27
15
8
30
43
52
48
21
15
«10
14
5

Deposits

Number of
banks

$45,465,025
8,497,657
10,027,603
6,902,413
1,451,334
9,062,628
12, 556, 918
19, 900,033
16,991,046
10,103,204
9,332,899
10, 540, 731
52,025,720
24,606,118

Deposits

159 $30,828,899
18~
10
12
13
31
29
38
24
9
4
4
4
3

5, 589,946
2,250,071
3,095,192
1,657,228
4,319,951
4,452,292
7,420,214
6,158,246
2,269,805
8,005,471
8,201,086
1, 584,920
1,944,442

518 i 637,692,429

530

433,189,837

317

191,998,304

199

56,948,864

11 1 56,417,814

7

31,508,205

2

324,937

4

5,007,320

692

758,682, 790 1

748

531,650,732 1

1 Including building and loan associations.
Deposits for banks restored to solvency unavailable.
»Exclusive of 1 receivership finally closed during the year ended Oct. 31, 1933, but
reopened as a receivership and again closed during the year ended Oct. 31, 1938.
* Exclusive of 1 receivership finally closed during the year ended Oct. 31, 1928, but reopened as a receivership during the year ended Oct. 31, 1940, and again closed during the
year ended Oct. 31, 1941.
2

Dividends paid,
less than 25 percent

Dividends paid,
25 to 49.9 percent

Dividends paid,
50 to 74.9 percent

Dividends paid,
75 to 99.9 percent

475

237,788,266 i

Total banks

Number of
banks

897
91~
97
69
64
152
214
341
364
159
112
. 102
104
30

Deposits

Number of
banks
restored to
solvency 2

$285,115,767
29,738,938
47,739,776
29,929,256
26,590,650
44,122,328
62,463,442
154,754,207
167,176, 781
123,971,181
121,694,861
182,060, 503
451, 774, 537
158,476,582

Total
number of
'all
banks

77

974

8~
25
9
28
11
1
0
0
0
0
0
0
0

99
122
78
92
163
215
341
364
159
112
102
104
30

1,899 1,600,493,042

82

493,852,889

0

26

362 1 92,785,083 1 2,822 12,379,431,698 1

159 1

1,981
26
2,981

5 Exclusive of 1 receivership finally closed during the year ended Oct. 31, 1936, but reopened as a receivership during the year ended Oct. 31,1937, and again closed during the
year ended Oct. 31, 1938. (Data relative to reopening and second final closing included
in report for year ended Oct. 31,1941.)




61EEPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO.

28.—Liquidation statement, 56 receiverships in liquidation during year
ended Dec. 31, 1943

Total all receiverships

Number of banks

56

.

Collections:
Cash balances in hands of Comptroller and receivers at
beginning of period
Collections from assets
Collections from stock assessments
Earnings collected
—
Offsets allowed and settled (against assets)

Dividends paid by receivers to secured creditors.
Distributions by conservators to unsecured creditors
Distributions by conservators to secured creditors
Payments to secured and preferred creditors, other than
through dividends
Offsets allowed and settled (against liabilities)
Disbursements for the protection of assets
.
Payments of receivers' salaries, legal and other expensesPayments of conservators' salaries, legal and other expenses.
Amounts returned to shareholders in cash
Decrease in unpaid balance of Reconstruction Finance
Corporation loans
Cash balances in hands of Comptroller and receivers at
end of period

$21,066,917
1,870,072
270,766
765,963
609,262

$94,885
8,967
4,778
2,352
126

24,582,980

Total.
Disposition of collections:

111, 108

13,815,965
58,951

24

83,963
609,262
' 537, m
1,781,247
' 108
84,509

'1
126

* 888

2,705

1

16,748

' Credit items (deductions) as reported by receivers.

ft

8,669,665

108,591

24,582,980

Total.

588768—44

District of
Columbia
nonnational
bank receiverships

111, 108




62

EE

TABLE

PORT OF THE COMPTROLLER OF THE CURRENCY
29.—Liquidation statement, SO administered receiverships completely
liquidated and finally closed, during year ended Dec. 81, 1948

NO.

Total all receiverships

District of
Columbia
nonnational National bank
receiverships
bank receiverships

30
Total assets taken charge of by receivers
Disposition of assets:
Collections from assets
Offsets allowed and settled (against assets)
Losses on assets compounded or sold under order of court..
Book value of assets returned to shareholders' agents
Total
Collections:
Collections from assets
Collections from stock assessments
Earnings collected
Offsets allowed and settled (against assets)
Unpaid balance of Reconstruction Finance Corporation
loans
Total.
Disposition of collections:
Dividends paid by receivers to unsecured creditors.
Dividends paid by receivers to secured creditors
Distributions by conservators to unsecured creditors
Distributions by conservators to secured creditors
Payments to secured and preferred creditors other than
through dividends
Offsets allowed and settled (against liabilities)
Disbursements for the protection of assets
Payments of receivers' salaries, legal and other expenses - _
Payments of conservators' salaries, legal and other expenses
Amounts returned to shareholders in cash
Total

30

$293,712,726

$293,712,726

162.481,357
16,686,928
114,461,012
83,429

162,481,357
16,686,928
114,461,012
83,429

293,712,726

293,712,726

162,481,357
11,105,188
15.955.328
16,686,928

162,481,357
11,105,188
15,955,328
16,686,928

102,764

102,764

206,331,565

206,331,565

59,576,303
1,871.337
33,370,859
531,717

59,576,303
1,871,337
33,370,859
531,717

78,765,973
16,686,928
361,524
12,710,593

78,765,973
16,686,928
361,524
12,710,593

2,256,822
199,509

2,256,822
199,509

206,331,565

206,331,565

Capital stock at date of failure
United States bonds held at failure to secure circulating notes..
United States bonds held to secure circulation, sold and circulation redeemed
Circulation outstanding at date of failure.
Amount of assessments upon shareholders.
Deposits at date of failure.
Borrowed money (bills payable, rediscounts, etc.) at date of
failure
Additional liabilities established subsequent to date of failure..
Claims proved (both secured and unsecured)

28,075,020
8,175,000

28,075,020
8,175,000

8,175,000
8,081,365
27,525.020
158,476,582

8,175,000
8,081.365
27,525,020
158,476,582

61,032,287
7,091,563
132,916,043

61,032,287
7,091,563
132,916,043

Average percent dividends paid to claims proved.
Average percent total payments to creditors to total liabilities
established
_
Average percent total costs of liquidation to total collections
including offsets allowed
Average number of years required to complete liquidation

71.74

71.74

84.20

84.20

7.43
9.0

7.43
9.0




63EEPORT OF THE COMPTROLLER OF THE CURRENCY
TABLE NO.

30.—Liquidation statement, 26 active receiverships as of Dec. 31, 1948

Total all receiverships

Total assets taken charge of by receivers
Disposition of assets:
Collections from assets
Offsets allowed and settled (against assets)
Losses on assets compounded or sold under order of court.
Book value remaining assets. —
Total

Corporation

Total
Disposition of collections:
Dividends paid by receivers to unsecured creditors
Dividends paid by receivers to secured creditors.
Distributions by conservators to unsecured creditors
Distributions by conservators to secured creditors
Payments to secured and preferred creditors, other than
through dividends
Offsets allowed and settled (against liabilities)
Disbursements for the protection of assets...
Payments of receivers' salaries, legal and other expenses. __
Payments of conservators' salaries, legal and other expenses.
Amounts returned to shareholders in cash
Cash balances in hands of Comptroller and receivers
Total
Capital stock at date of failure
United States bonds held at failure to secure circulating notes..
United States bonds held to secure circulation, sold and circulation redeemed
Circulation outstanding at date of failure.
Amount of assessments upon shareholders.
Deposits at date of failure
Borrowed money (bills payable, rediscounts, etc.) at date of
failure
Additional liabilities established subsequent to date of failure..
Claims proved (both secured and unsecured)
Average percent dividends paid to claims proved
Average percent total payments to creditors to total liabilities
established
Average percent total costs of liquidation to total collections
including offsets allowed

1

25

$2,827,899

$667,616,734

468,814,264
55,890,498
136,671,924
9,067,947

2,298,266
167,427
274,237
87,969

466,515,998
55,723,071
136,397,687
8,979,978

670,444,633

-

26
$670,444,633

Number of banks

Collections:
Collections from assets.
..
Collections from stock assessments
Earnings collected
Offsets allowed and settled (against assets)
Unpaid balance Reconstruction Finance
loans

District of
Columbia
National bank
nonnational
receiverships
bank receiverships

2,827,899

667,616,734

468,814,264
26,078,130
54,516,725
55,890,498

2,298,266
4,778
312,843
167,427

466,515,998
26,073,352
54,203,882
55,723,071

1,500

1,500

605,301,117

2,783,314

602,517,803

379,050,471
859,161
40,605,587

1,631,588

377,418,883
859,161
40,605,587

85,635,827
55,890,498
525,230
33,106,455
958,223

595,113
167.427
2,362
244,459
33,774

85,040,714
55,723,071
522,868
32,861,996
924,449

8,669,665

108,591

8,561,074

605,301,117

2,783,314

602,517,803

40,445,000
14,882,000

100,000

40,345,0C0
14,882,0C0

14,882,000
14,495,780
38.225,000
493; 852,889

166,000
1,796,607

14,882,000
14,495,780
38,125,000
492,056,282

50,772,819
15,695,466
412,523,244

596,653
45,964
1,631,230

50,176,166
15,649,502
410,892,014

101.94

100.02

101.94

100.31

98.15

100.32

5.63

10.00

5.61




64

EE

PORT OF THE COMPTROLLER OF THE CURRENCY

N O . 31.—National banks in charge of receivers during year ended Dec. 81,
nominal amounts of total assets and total liabilities at date of failure, capital
offsets allowed and earnings, together with the disposition of such collections,
Dec. 81, 1948

TABLE

Organization

Name and location of banks
Charter
No.

Date

Failure

Capital
stock at
date of

Date receiver
appointed

CONNECTICUT

2958

Plantsville National Bank, Plantsville 4 .

12637

Jan.

16,1925

$50,000

June 26,1939

1470

City National Bank in Miami.

13159

Dec. 23,1927

500,000

Dec. 23,1930

1715
2069

Waukegan National Bank, Waukegan
Calumet National Bank, Chicago.
Peoples National Bank & Trust Co. of
Chicago.

10355
3102

Mar. 7,1913
Dec. 20,1883

250,000
400,000

June 22,1931
Oct. 7,1931

13311

Apr.

2,1929

1,000,000

June 27,1932

First National Bank, G a r y . .
Old-First National Bank & Trust Co., Fort
Wayne. 7
First National Bank in Lowell 1

8426
3285

Oct. 9,1906
Dec. 20,1884

250,000
1, 750,000

Jan. 27,1932
Nov. 2,1933

5931

July 11,1901

50,000

Feb. 21,1934

National Bank of Kentucky, Louisville
The Taylor National Bank, Campbellsville. « 4

5312
6342

Apr. 23,1900
July 17,1902

4,000,000
100,000

Nov. 17,1930
Aug. 24,1937

Commercial National Bank, Shreveport

3600

Nov. 18,1886

1,000,000

Feb. 21,1936

Mar. 30,1923
Nov. 28,1864

200,000
8,950,000

Feb. 3,1932
Mar. 18,1936

Apr. 22,1914
Jan.
2,1885

25,000,000
1.000,000

M a y 11,1933
Sept. 25,1933

ILLINOIS

INDIANA

1931
2524
2738

KENTUCKY

1424
2947

LOUISIANA

MASSACHUSETTS

1946
2935

Middlesex National Bank, Lowell.
Atlantic National Bank, Boston

2299
2397

First National Bank-Detroit, Detroit 7
Grand Rapids National Bank, Grand
Rapids.7
Capital National Bank, Lansing 7

MICHIGAN

2766

10527
3293

16,1906

600,000

8148

Jan.

9912

Nov. 17,1910

2,800,000

June 11,1932

13592
9955

Jan. 15,1932
Mar. 2,1911

250,000
2,000,000

Jan. 16,1933 !
Oct. 16,1933 j

11655
1287
653
6427
5411

Feb.
May
Dec.
Aug.
May

17,1920
20,1865
9,1864
18,1902
28,1900

400,000
800,000

1,000,000
500,000
150,000

Nov. 14,1933 1
Jan. 22,1934
Jan. 23,1934
Feb. 1,1934
Feb. 2,1934

13336

June 10,1929

500,000

Aug. 14,1937

Sept. 3,1913

60,000

Nov.

June 21,1900

25,000

Sept. 21,1934

50,000

Jan. 17,1941

200,000

Oct. 24,1933

Mar. 13,1934 j

NEW JERSEY

2045

New Jersey National Bank & Trust Co.,
Newark.
NEW YORK

2232
2459
2565
2697
2702
2711
2719
2946
2962

First National Bank in Mamaroneck
Harriman National Bank & Trust Co. of
the City of New York, N . Y . 7
Richmond National Bank, New Y o r k 7
Salt Springs National Bank, Syracuse 7 ..
First National Bank & Trust Co., Yonkers 7
National City Bank, New Rochelle 7
First National Bank & Trust Co., Mamaroneck.1
Fort Greene National Bank in New York,
N. YA
First National Bank, Forestville 4 .

10444

OHIO

First National Bank,

Bethesda 7 -

5602

1,1941

OKLAHOMA

2960

First National Bank, Anadarko 4

5905

June 20,1901

OREGON

2463

First National Bank in

Salem 7

Ì footnotes at end of table.

3405

Oct.

8,1885




65

EE

PORT OF THE COMPTROLLER OF THE CURRENCY

194$, dates of organization, appointment of receivers and final closing, with
stock and stock assessments, amounts collected from all sources, including
and various other data indicating the progress and results of liquidation to
Circulation

Liabilities
Borrowed
money (bills Total depayable, re- posits at
discounts,
date of
etc.) at
failure
date of
failure

Additional Total liabilLawful
liabilities ities estabmoney
established lished to
deposited
to date of
date of
to retire
report
report

Assets and assessments

Outstand- Book value Additional
assets reof assets
ing at
ceived
at date of
date of
since date
failure
failure
of failure

$421,461

$51,906

3,367

$380,181

$104,266

2958

$362,960

5,996,970

133,086

6,493,016

7,336,197

829,958

1470

163,501
482,691
2,061,344

2,870,921
2,299,269
3,729,097

98,685
144,220
267,805

3,133,107
2,926,180
6,058,246

$250,000
99,520

$250,000
99,520

3,477,495
3,506,809
7,281,242

140,590
222,353
350,702

1609
1715

875,000
7,782,834

2,703,458
14,443,693

35,138
!, 205,260

3,613,596
25,' 431,787

244,240
1,750,000

244,240
1,750,000

4,060,502
25,020,700

421,889
3,603,381

1931
2524

766

35,071

69,945

14,807

2738

931,827
46,978

34,981,838
1,576,099

40,301,411
1,651,199

4,055,017
140,846

1424
2947

219,493

3,481,422

4,979,086

394,630

2934

32,382
388,819

4,988,664
11,765,032

176,960

5,198,605
29,580,801

72,424
98,173

1946
2935

3,062,933 418,110,939
134,960 15,429,335

1,351,060
500,000

9,351,060 468,615,208 36,160,643
500,000 16,721,890
596,752

2299
2397

34,305

7,083,021
50,000

26,966,990
1,479,121

3,261,929

114,210
11,376,213

4,842,072

16,250,000 398,798,006
2,456,322 12,838,053

2,500,000

600,000

1,160,675

12,446,482

174,913

13,782,070

5,703,466

7,946,632

206,822

13,856,920

1,410,856
1,388,500

1,944,442
23,760,278

195,586
644,346

3,550,884
25,793,124

49,700
300,000

1,030,954
1,144,260
4,459,262
3,119,707
1,852,011

3,156,024
4,165,850
12,746,547
7,127,736

112,416
82,117
657,267
294,039
243,801

4,299,394
5,392,227
17,863,076
10,541,482
2,095,812

125,000

2,015,717

33,276

303,850
70,137

509,047
721,282

210,639

1,420,988

2,500,000

176,960

600,000

16,355, 303

1,263,289

2766

16,935,633

840,738

2045

49,700
300,000

3,764,480
28,772,185

210,222
3,920,426

2459

335,480

335,480

"295,"700

"295,750

4,824,249
6,365,136
18,058,725
11,097,488
1,861,308

62,058
292,354
492,337
642,532
207,704

2565
2697
2702
2711
2719

2,173,993

2,475,163

333,075

2946

2,172

306,022

328,150

41,350

2962

31,655

610,839

647,532

23,872

2890

297,390

1,018,672

822,042

75,704

2960

61,308

1,692,935

1,903,881

82,502

2463

1,026,600 1,026,600

25,000

100,000

25,000

100,000




REPORT O f THÈ C0MPTRÓLLÈR OP THÈ CURRENCY

66

banks in charge of receivers during year ended Dec. 81,
nominal amounts of total assets and total liabilities at date of failure, capital
offsets allowed and earnings, together with the disposition of such collections,
Dec. 81y 1948—Continued

T A B L E N O . 31.—National

Assets and assessmentsContinued

Progress of liquidation to date of this report

Total assessments upon
shareholders

Total assets
and stock
assessments

Cash collections from

Cash collections from
stock

Receivership
earnings, cash
collections
from interest,
premium,
rent, etc.

2958

$25,000

$509,447

$358,547

$1,770

$5,887

$36,261

1470

500,000

8,666,155

4,076,157

870,611

714,164

1609
1715
2069

250,000
400,000.

1,000,000

3,868,085
4,129,162
8,631,944

1,778,424
4,401,796

147,714
225,658
328,615

210,951
171,751
387,529

366,407
218,150
229,567

1931
2524

250,000
1,750,000

4,732,391
30,374,081

2,932,979
20,097,376

149,224
802,442

218,901
2,241,329

218,531
4,662,522

2738

50,000

134,752

22,657

8,883

1424
2947

4,000,000
100,000

48,356,428
1,892,045

26,829,301
1,448,492

1,062,488
22,204

5,373,716

3,441,704

1,862,801

Unpaid
balance,
R. F. C.
loans

Offsets
allowed
and
settled

$1,500

1,022,809
39,059

4,557,823
85,136

470,831

1946
2935

200,000
8,950,000

5,471,029
38,628,974

2,646,265
10,507,631

27,579
902,059

250,914
398,522

158,237

2299
2397

25,000,000

1,000,000

529,775,851
18,318,642

370,174,154
11,494,648

19,723,652
400,000

46,416,545
1,061,338

38,079,391
1,106,392

2766

600,000

18,218,592

11,497,385

240,000

923,675

2045

2,800,000

20,576,371

11,940,718

1,268,683

692,112

2232
2459

2,000,000

250,000

4,224,702
34,692,611

1,831,959
20,490,771

98,433
1,148,760

108,230
1,216,109

2565
2697
2702
2711
2719

1,000,000

400,000
800,000

500,000
150,000

5,286,307
7,457,490
19,551,062
12,240,020
2,219,012

3,080,841
4,488,080
11,695,672
6,659,969
516,876

182,238
503,777
741,617
249,414
72,697

414,614
485,165
1,047,886
815,225
57,939

345,225
286,346
1,231,233
667,764
65,381

2946

350,000

3,158,238

1,812,925

108,953

71,087

121,384

4,663

23,018

40,256

48,508

20,110

279,884

71,151

117,663

369,500

2962
25,000

696,404
897,746

2463

200,000

2,186,383

See footnotes at end of table.

"

266,203
436,048

15,717

516,713
1,548,780

140,015

102,764

249,291
2,034,322




67

EE

PORT OF THE COMPTROLLER OF THE CURRENCY

194Sj dates of organization, appointment of receivers and final closing, with
stock and stock assessments, amounts collected from all sources, including
and various other data indicating the progress and results of liquidation to

Progress of liquidation to date of this report—Continued
Total collecLosses on
tions from all
assets comsources includ- pounded or
ing offsets
sold under
allowed and
order of
unpaid balance
court
R. F. C. loans

Book value
of uncollected assets

Disposition of proceeds
of liquidation-

Distributions by.
Book value
Book value
conservators—
of remaining
of assets
uncollected returned to
stock
shareholders' To secured To unsecured
creditors
creditors

$23,230

2958

160,902

$402,465

1470

1609
1715
2069

6,000,030

3,375,834

2,587, S73
2,393,983
5,347,507

1,372,057
1,710,599
2,632,061

$16,820
21,989
368,520

102,286
174,342
671,385

3,519,635
27,803,669

1,330,881
3,531,607

332,576

100,776
947,558

35,023

28,499

33,596

41,117

2738

33,472,421
1,594,891

11,774,578
258.417

1,194,726

2,937,512
77,796

1424
2947

3,912,535

1,890,373

41,639

11,808,212

3,082,995

2,466,527
19,171,343

172,421
8,047,941

474,393,742
14,062,378

96,522,306
4,717,602

5,276,348
600,000

13,260,146

5,522,121

360,000

14,991,182

4,745,984

1,531,317

2,390,677
24,889,962

1,893,452
10,167,518

151,567
851,240

4,022,918
5,763,368
14,716,408
8,392,372
712,893

1,460,241
1,656,399
5,543,226
4,412,287
1,486,755

226,665
80,931

217,762
296,223
258,383
250,586
77,303

2,114,349

172,317

701,612

241,047

293,884

4,321

540,529

186,848

816,707

319,940

1931
2524

23«
94
1946
2935

31,570,752
5,524,318
$805

2397

4,360,038

2766

2045

391,375

7,778,174

4,506,756
1,804,470

2459
2565
2697
2702
2711
2719

2962

75,958

101,149

1,877,609

$4,363,554

9,283

164,525

2890
2960

59,985

5 76 4
6,1

2463




68

EE PORT OF THE COMPTROLLER OF THE CURRENCY

banks in charge of receivers during year ended Dec. 81,
nominal amounts of total assets and total liabilities at date of failure, capital
offsets allowed and earnings, together with the disposition of such collections,
Dec. 81, 1948—Continued

T A B L E N O . 31.—National

Disposition of proceeds of liquidation—Continued
Dividends paid by
receivers—
On secured
claims

On unsecured
claims

Secured and
preferred liabilities paid
except through
dividends, in-

Receivers'
salaries, legal
and other
expenses

allowed

$297,816

2958

Cash advanced Conservators'
salaries, legal
in protection
and other
of assets

$39,674

$20,044

1470

$18,260

2,610,133

2,578,810

$7,477

785,350

1609
1715
2069

51,177

1,582,685
1,006,613
2,075,622

602,872
979,521
2,708,924

31,634
3,103
780

256,634
265,972
477,567

1931
2524

44,425
255,257

1,380,629
5,700,422

1,852,339
14,063,735

6,450
7,488

$186,871

24,105

2738

17,209,972
752,414

1424
2947

235,792
1,449,130
10,287

2766

805

2045

100,909

2,485,960
11,871

300,032
10,833,386

16,504

280,499
43,180

83,877,270
4,229,395

6,702

450,099
86,866

24,227,488
816,917

5,639,108

2,614,053

128

25,165

620,044

,796,263

2299
2397

64,372

333,128,056
3,398,180

919,775

101,717

3,746,476

1946

12,148,348
688,384

8,556,306

1,055

4,406

637,558

2232

2,502
94,617

76,001
6,075,886

1,978,214
8,695,636

46,503
1,066

304,146

2565
2697
2702
2711
2719

2,800

57,887

2,018,897
3,567,754
1,361,209
1,211,258
1

1,475,206
1,737,128
6,163,031
4,388,307
630,928

8,300
15,461
221,380
83,973

69,340
45,597
218,477
105,536

2946

2,068

1,130,012

660,565

2962

206,603

42,823

2890

86,223

196,648

391,791

400,537

2463
See footnotes at end of table.

877,871

2,647,757
73,599

287,457
1,549,062
448,375
374,274
1,246,905
798,828
24,077
167,964
9,986

19,000

34,873
24,379

843

20,493

72,430




69EEPORT OF THE COMPTROLLER OF THE CURRENCY

1948, dates of organization, appointment of receivers and final closing, with
stock and stock assessments, amounts collected from all sources, including
and various other data indicating the progress and results of liquidation to
Disposition of proceeds of
liquidation—Continued

Cash in hands
of Comptroller
and receivers

$44,931

Amount returned to
shareholders
in cash

Amount of
claims proved

Dividend
(percent)

$425,431

Interest
dividend
(percent)

Date finally
closed

70

3,825,900

8.7

114,048
87,597
84,614

2,509,728
1,877,465
3,292,421

53.5

1,777,212

1,763,681
11,028,514

80.8
90

462

35,071

1,364,627
76,088

22,261,782
885,193

Sept. 30,1943

1609
1715
2069

July 26,1943

1931
2524
2738

8 77
85

1424
2947

778

2934

4,681,657
931,646

1,140,077

1470

333,166,432
11,183,877

53.1
100

7.565

11,132,980

5,277,486

100

«9.83

1946
2935

Sept. 7,1943

2299
2397

Jan. 20,1943

8 100
»79.78

Mar. 22,1943
Mar. 27,1943

2766

e
Jan.

9,1943

2045

1,570,060
17,217,015
23,154
998,650

152,042

5
83.29

June 30,1943
Apr. 30,1943

2232
2459

2,831,508
3,638,740
11,619,835
6,157,060
2,042,084

71.4
97.5
8 50
8 48.98
2.8538

Mar. 13,1943

2565
2697
2702
2711
2719

Feb. 27,1943
Apr. 30,1943

75

2946

260,156
39,260

1,510,034

80

2962

412,692
63.928

612,863
841,512

8

100

July 14,1943
•7.6

2960

Feb.

2463

6,1943




70

EE

PORT OF THE COMPTROLLER OF THE CURRENCY

31.—National banks in charge of receivers during year ended Dec. 81,
nominal amounts of total assets and total liabilities at date of failure, capital
offsets allowed and earnings, together with the disposition of such collections,
Dec. 31, 1943—Continued

TABLE NO.

Failure

Organization

Name and location of banks
Charter
No.

Date

Capital
stock at
date of

PENNSYLVANIA

National Bank of Fayette County» Uniontown.
Uniontown National Bank & Trust Co.,
Uniontown. 19
Jefferson County National Bank, Brookville.7
First National Bank, Darby 7
First National Bank, Johnstown
County National Bank, Clearfield 7 1 0
Bethlehem National Bank, Bethlehem *
Commercial National Bank, Philadelphia 7 .
Northwestern National Bank & Trust Co.,
Philadelphia.7
Sixth National Bank, Philadelphia 7 _.
Reading National Bank & Trust Co.,
Reading.7
Farmers National Bank & Trust Co.,
Reading.7
Penn National Bank & Trust Co., Reading7.
Commercial National Bank, Bradford 4
Lehigh Valley National Bank, Bethlehem 1.
Keswick National Bank of Glenside
First National Bank & Trust Co., Easton «.

681
12500

Dec. 19,1864
Feb.

4,1924

$500,000
250,000

July 27,1878

125,000

4428
51
855
3961
3604
3491

July 15,1890
June 15,1882
Feb. 6,1865
Dec. 10,1888
Dec. 7,1886
Apr. 3,1886

250,000
400,000
500.000
300,000

352
4887

Mar. 18,1864
Jan. 28,1893

300,000
600,000

Dec. 31,1864

1,000,020

4199
2050
13141
1171

Mar.
Jan.
1,1890
Sept. 6,1872
Nov. 7,1927
M a y 3,1865

1,000,000
300,000
400,000
150,000
600,000

13654
1606

Dec. 30,1932
Oct. 25,1865

1,500,000
2,500,000

12731

Jan.

28,1925

50,000

14234

June 26, 1934

50,000

3515

M a y 18,1886

700,000

9635
6246

Oct. 25,1909
Mar. 8,1902

25,000
85,000

9462

June 19,1909

400,000

2,000,000
500,000

TENNESSEE

Chattanooga National Bank, Chattanooga7.
First National Bank, Chattanooga 2
TEXAS

Security National Bank, Bowie
VERMONT

Poultney National Bank, Poultney *
VIRGINIA

First National Bank & Trust Co., Petersburg.7
National Bank of Herndon*
Parksley National Bank, Parksley<.__
WEST VIRGINIA

National Bank of Fairmont 7 ___
WISCONSIN

First National Bank of Dodgeville

Mar. 14,1903

100,000

Grand total (55 receiverships),
Total
Total
Total
Total

68,420,020

active (25 receiverships).
finally closed (30 receiverships).
1943 failures (2 receiverships)
activity 1943 (55 receiverships)-

40,345,000
28,075,020
650,000
700,000

jSee footnotes at end of table,




71

EE

PORT OF THE COMPTROLLER OF THE CURRENCY

1948, dates of organization, appointment of receivers and final closing, with
stock and stock assessments, amounts collected from all sources, including
and various other data indicating the progress and results of liquidation to
Circulation

Liabilities
Borrowed
money (bills Total depayable, re- posits at
discounts,
date of
etc.) at
failure
date of
failure

$1,107,600

$8,931,863

Additional Total liabilliabilities ities estabestablished lished to
to date of
date of
report
report

$241,821 $10,281,184
84,832

295,941

Lawful
money
to retire

Assets and assessments

Additional
Outstand- Book value assets reof assets
ing at
ceived
at date of since date
date of
failure
failure
of failure

$200,000 $11,033,619

$582,789

1722

639,480

$200,000

21,230

2543

380,773

162,622

1,470,625

137,388

1,770,635

50,000

50,000

1,862,878

90,846

2552

1,229,964
2,372,076
1,175,007
1,484,873
4,892,140
3,043,562

2,967,666
11,011,789
3,428,707
4,335,044
8,150,620
3,820,635

147,847
191,879
100,204
119,867
471,975
280,136

4,345,477
13,575,744
4,703,918
5,939,784
13,514,735
7,144,333

100,000
397,650
495,237
50,000
950,000
197,400

100,000
397,650
495,237
50,000
950,000
197,400

4,823,681
15,528,795
6,076,149
6,608,564
16,744,710
9,002,916

197,047
816,025
107,859
275,091
997,777
1,005,945

27C0
2725
2741
2781

2,622,010
3,021,681

3,426,956
7,263,125

252,479
1,059,673

6,301,445
11,344,479

149,998
590,900

149,998
590,900

6,376,803
12,372,997

315,552
875,436

2894
2904

2,336,093

6,809,523

333,152

9,478,768

575,000

575,000

11,112,987

1,002,618

2910

1,278,302

3,463,930
4,613,782

243,922
1,313,127
154,832
1,452

4,986,154
5,926,909
1,048,051
1,205,610
4,141,226

100,000

100,000

6,111,687
5,159,344
1,295,824
1,306,808
1 4,766,843
3

369,249
350,696
672,106
61,800

2916
2932
2954
2961
2965

893,"2Ï9

Ï,2Ô4,Ï58
« 4,141,226

2,944,618
6,003,349

9,883,045

246,444
5,136,316

13,074,107
11,139,665

17,118,352
7,506,036

135,733
4,244,078

2544
2659

87,033

141,119

5,252

233,404

281,229

59,879

1709

866,094

38,229

904,323

919,184

75,217

2964

,147,880

3,061,875

133,626

4,343,381

692,200

692,200

5,089,954

955,437

2571

10,000

312,860
183,818

76,349
185

389,209
194,003

24,500

24,500

362,793
279,379

18,893
75,197

2921
2956

1,070,786

4,478,625

178,301

5,727,712

400,000

400,000

6,337,230

212,833

2562

411

912,204

940,956

63,789

2963

911,793
111,208,453 650,532,864

22,741,065 784,482,382 22,577,145 22,577,145 892,051,744 69,277,716

50,176,166 492,056,282
61,-032,287 158,476,582
5,007,320
5,007,320

15,649,502 557,881,950 14,495.780 14,495,780 615,714,173 51,902,561
7,091,563 226,600,432 8,081,365 8,081,365 276,337,571 17,375,155
5,686,027
75,217
5,045,549
38,229
5,686,027
823,565
5,396,322
389,002




72

EE PORT OF THE COMPTROLLER OF THE CURRENCY

banks in charge of receivers during year ended Dec. 81,
nominal amounts of total assets and total liabilities at date of failure, capital
offsets allowed and earnings, together with the disposition of such collections,
Dec. 81, 1948—Continued

T A B L E N O . 31.—National

Assets and assessmentsContinued

Total assessments upon
shareholders

Total assets
and stock
assessments

Progress of liquidation to date of this report

Cash collections from

Cash collections from
stock

Receivership
earnings, cash
collections
from interest,
premium,
rent, etc.

Unpaid
balance,
R. F. C.
loans

Offsets
allowed
and
settled

29
84
20
94
21
90
21
96
23
92
25
94
26
91
26
95

$ 0 , 0 $ 21 64 8
5 00 0 1 , 1 , 0
9 07 0
1,1
2 00 0
5,0
1 50 0 2,078,724
2,0
2 00 0 5,270,728
5,0
4 00 0 16,744,820
0,0
6,184,008
3 00 0 7,183,655
0,0
97 24 7
2,000,000 1 , 4 , 8
5 00 0 10,508,861
0,0
3 00 0 6,992,355
0,0
13,848,433
600,000
1,000,020 13,115,625
1,000,000 7,480,936
3 00 0 5,810,040
0,0
4 00 0 2,367,930
0,0
1,368,608
4,766,843

$7,480,508
2 28 7
3,4
1,101,243
2,131,550
7,736,969
4,801,593
4,638,211
8,543, 2 7
7
4,446,821
3,593,661
6,573,329
6,687,044
3,664,688
3,585,617
6 06 8
7,3
1,047,173

$9,2
3 22 8
1 09 2
4,1
6,3
19 7
1 30 5
6,3
2 24 0
1,6
1 01 4
7,3
1,152,818
4 18 2
3,8
2 05 9
2,9
4 31 2
4,0
6 27 6
9,4
8 17 8
3,3
2 98 0
6,2
2 94 8
5,0

$3,7
9 06 2
3,5
95 7
1 28 7
0,1
4 41 6
4,2
1,765,415
4 72 7
6,6
7 57 5
3,6
7 47 0
4,7
3 22 4
0,2
2 97 1
1,9
8 08 4
4,3
7 99 7
4,4

24
54
25
69

1,500,000
2,500,000

18,754,085
14,250,114

10327,07
,
0
3,354,669

3 67 6
6,1
1,667,086

1,041,247
3 60 5
2,4

1,448,654
3,476,301

10
79

5,0
00 0

3 11 8
9,0

1 88 6
3,3

29,602

1,8
50 8

1,4
68 7

9 44 1
9,0

6 01 9
2,2

12
72
24
53
25
52
20
70
22
75
24
71
28
71
23
82

26
94

122,212

4 15 4
0,6
7 15 7
4,1
2 67 2
2,5
1 96 7
5,6
1,503,590
7 26 8
7,8
4 95 7
7,2
1,220,947
8 76 2
0,2
3 77 2
2,0
4,3
69 1

1,4
45 8

27
51
22
91
25
96

7 00 0
0,0
2,0
50 0

6,745,391
4 66 6
0,8
3 45 6
5,7

3,465,455
3 18 9
0,4
1 13 2
2,8

4 90 3
4,0

26
52

4 00 0
0,0

6,950,063

4,125,269

26
93

1 48 2
7,8
7,7
90 6
5,7
75 9

$0,2
6 54 0
5

2 93 2
4,3
2,6
38 6
7,573

3 65 5
4,6
29,762
6,309

2 04 8
9,9

4 73 5
2,1

4 23 7
8,0

7 16 5
5,5
1,004,745
2,9,5
65,650,020 1,026,979,480 6 89 73 5 37,178,540
0,4,3
6,1,9
38,125,000 7 57 17 4 4 65 59 8 26,073,352
2,3,4
6,8,5
27,525,020 3 12 77 6 1 24 13 7 11,105,188
5,761,244
6 01 9
2,2
6,509,592 1,861,105
2 59 8
6,8

3,9
58 8
70,159,210
54,203,882
1,5,2
59 53 8
1,4
45 8
7 36 1
6,1

3,9
27 5
$ 0 , 6 72,409,999
1 42 4
1,500 55,723,071
1 27 4 16,686,928
0,6
68,600
« 16,748
6 91 6
0,3

21,126




73

EE

PORT OF THE COMPTROLLER OF THE CURRENCY

1943, dates of organization, appointment of receivers and final closing, with
stock and stock assessments, amounts collected from all sources, including
and various other data indicating the progress and results of liquidation to
Disposition of proceeds
of liquidation-

Progress of liquidation to date of this report—Continued
Total collections from all
sources including offsets
allowed and
unpaid balance
R. F. C. loans

Losses on
assets compounded or
sold under
order of
court

Book value
of uncollected assets

$9,408,828

$3,414,234

$116,246

413,321

344,429

Distributions by
Book value
Book value
conservators—
of remaining
of assets
uncollected
returned to
To unsestock
shareholders'
To secured
cured
agents
creditors
creditors

$107, 772
109,

1722
$83,429

2543

63,063

1,388,209

730,269

3,140,275
10,456,361
5,495,612
5,703,777
11,944,455
5,953,615

2,487,614
7,866,334
1.155,663
2,085,777
7,695,620
4,789,352

4,513,578
9,078,212

2,619,167
5,454,157

79, 401
156,

37,946

610,268
1,320,321

2894
2904

8,937,359

4,620,939

307,274

47,591

1,901,770

2910

5,450,522
5,524,679
1,009,122
1,151,683

2,488,546
430,063
1,297,292
38,752

168,

733,199

2916

13,183,687
8,824,101

5,478,361
4,777,402

200,373

185,424

703,277

2552

187,
129,
847,

235,752
4,766,843

141,742

$54,000

$1,664,259
1,533,304
604,005

30,
140,

2961
2965

1,133,284
832,914

3,140,333

20,398

2964

48,402
97,634

5,325,389

250,997

2,233,371

376,603
135,264

1,942,487

1,673
129,251

1,164,465

664,321

820,348

32,529

187,766

808,849,368

250,858,699

8,979,978

28,471,480

83,429

531,717

73,976,446

602,517,803
206,331,565
703,277
3,483,092

136,397,687
114,461,012

8,979,978

12,051,648
16,419,832

83,429

531,717

40,605,587
33,370,859

"265,988

"83,"429"

10,791,773

2571
2921
2956

3,874

109,502

~~~5,~Ô72,~5Î5
u 6,885,851

2544
2659

1709

305,672

4,510,355

2700
2725
2741
2781
2832

2562

2963




EE PORT OF THE COMPTROLLER OF THE CURRENCY

74

31.—National banks in charge of receivers during year ended Dec. 81,
nominal amounts of total assets and total liabilities at date of failure, capital
offsets allowed and earnings, together with the disposition of such collections,
Dec. 81, 1948—Continued

TABLE NO.

Disposition of proceeds of liquidation—Continued

On unsecured
claims

Secured and
preferred liabilities paid
except through
dividends, including offsets
allowed

Cash advanced
in protection
of assets

$7,057

Dividends paid byreceivers—
On secured
claims

1722

$466,675

$2,824,464

$4,487,307

2543

124,023

6,904

251,753

2552

23,083

894,147

336,879

2700
2725
2741
2781
2832
2860

165,747
799

685,137
5,811,670
1,674,836
1,847,266
3,415,185
784,654

1,819,878
3,660,947
1,638,664
1,893,893
7,374,875
4,111,002

319,185
1,608,859

3,196,631
5,252, 708

2910

2,440,347

2916
2932
2954
2961
2965

2,311,581
3,163,748

Conservators'
salaries, legal
and other
expenses

2894
2904

$655,490
24,132

18,059

44,759
237,718

9,779

$15,016

119,084

27,082
10,340
3,268
35
4,528
8,428

59,575
121,067
59,039
53,611
325,910
117,593

382,856
851,538
262,546
258,960
. 751,734
327,933

5,973
28,210

144,090
222,569

237,431
589,540

3,778,203

50,807

193,007

502,746

27,028
9,319

117,595

996,225

1,948,700
1,677,906
745,218
83,813

312,419
237,893
26,186

3,744,050
1,307,866

62,708
72,223

2544

1709

Receivers'
salaries, legal
and other
expenses

5,253,328
6,545,338

15,201
45,013

925,080
436,842

417

44,720

847

13,225

44,949

75,482

2964

2571

1,165,482

1,958,185

1,622

2921
2956

29,446

226,049
60,966

57,750
18,535

2,138
2,306

2562

3,018

1,432,664

2,821,017

689,215

39,182

1,792

2,730,498

436,995,186

236,216,686

884,392

859,161
1,871,337

377,418,883
59,576,303
13,815,941

361,524
847

58,951

140,763,785
95,452,901
75,482
693,100

39,006

181,595
28,320
25,122

71,502

1*686,884

23,525
3,181,271

45,572, 589

924,449
2,256,822

32,861,996
12,710,593
13,225
1,778,542

« 109

» Receiver appointed to levy and collect stock assessment covering deficiency in value of assets sold or
to complete unfinished liquidation (6 banks).
2 Suspended under terms of banking holiday proclamation without subsequent appointment of conservator (Chattanooga, Tenn.).
3 Conservator appointed June 30, 1937 (Campbellsville, K y . ) .
4 Federal Deposit Insurance Corporation appointed as receiver in accordance with Banking Act of 1933
112 banks).
5 loo percent principal and interest in full paid to creditors (2 banks).
• 100 percent principal and partial interest paid to creditors (3 banks).




75EEPORT OF THE COMPTROLLER OF THE CURRENCY

194S, dates of organization, appointment of receivers and final closing, with
stock and stock assessments, amounts collected from all sources, including
and various other data indicating the progress and results of liquidation to
Disposition of proceeds of
liquidation—Continued

Cash in hands
of Comptroller
and receivers

Amount returned to
shareholders
in cash

Amount of
claims proved

Dividend
(percent)

$5,728,500

$967,835
$6,509

100

1,434,292

28.83
58.78
8 100
8 86.45
56.9
»45.8

1722
»38.176

63.95

2,951,384
9,888,515
3,046,536
4,045,434
6,129,012
3,032,007
3,091,993
6,155,021

» 193,000

Date finally
closed

55

94,754

Interest
dividend
(percent)

8 30.06
8 48.5

5,779,432

33,087

8 100
75
22.787
89

489,042

7.844.557
4,594,323

8 87.76
98.44

1,540

122,181

613,723

25,1943
11,1943
30,1943
20,1943
18,1943
9,1943

2700
2725
2741
2781

June 5,1943
June 29,1943

»9.603

2552

Mar.
Mar.
June
Aug.
Dec.
Sept.

2894
2904

815,557

391,054

2.397.558
301,297
174,188

32,900
28,335

2,872,781

872,429

66,634
8,561,074
8,561,074
6i§,~723~
1212,410,958

199,509

Jan. 30,1943
«.15

2910

Jan. 21,1943
May

8,1943

2916
2932
2954
2961
2965

Mar.

6,1943

2544

36

1709

2964

8 97. 18

Mar. 20,1943

75
35

873.1

2571
2921
2956

Feb, 19,1943

79

543,808,057

199,509

2543

Jan. 28,1943

8 76.35

3,040,220
4,240,671
1,043,218
1,119,374

Mar. 18,1943

410,892,014
132,916,043
815.557
12 7,041,764

84,509

1 Formerly in conservatorship (25 banks).
8 Including dividends paid through or by purchasing bank (18 banks).
• Shareholders' agent elected to continue liquidation after payment by receiver of principal and interest
in full to creditors (Uniontown, Pa.).
w Receiver elected by shareholders to continue liquidation after payment of principal and interest in full
to creditors (Clearfield, Pa.).
" Pro rata distribution to shareholders of 38.6 percent, pursuant to election for continuance of receivership
(Clearfield, Pa.).
13 Preliminary figures, subject to revision.
12 Decrease.




76

EE PORT OF THE COMPTROLLER OF THE CURRENCY

N O . 31-A.—District of Columbia State chartered banks, and banks incor
Comptroller of the Currency, in charge of receivers during year ended Dec. 31, 1948,
amounts of total assets and total liabilities at date of failure, capital stock and stock
earnings, together with the disposition of such collections, and various other data

TABLE

Name and location of banks

Date of organization

DISTRICT OP COLUMBIA NONNATIONAL BANKS
12-A

United States Savings Bank, Washington i
Grand total (1-receivership)
Total activity 1943 (1-receivership)

See footnotes at end of table.

M a y 16,1906




77

EE

PORT OF THE COMPTROLLER OF THE CURRENCY

porated under the laws of the District of Columbia, under the supervision of the
dates of organization, appointment of receivers, and final closing, with nominal
assessments, amounts collected from all sources, including offsets allowed and
indicating the progress and results of liquidation to Dec. 81, 1948
Failure—
Continued

Assets and
assessments

Liabilities

Date receiver
appointed

Borrowed
money (bills
payable,
rediscounts,
etc.) at date of
failure

Total deposits
at date of
failure

Additional
liabilities
established to
date of report

Feb. 10,1934

$596,653

$1,796,607

$45,964

$2,439,224

$2,750,398

596,653

1,796,607

45,964

2,439,224

2,750,398

588768—44

6

Total liabilities Book value of
established to assets at date
of failure
date of report

12-A




78

EE

PORT OF THE COMPTROLLER OF THE CURRENCY

N O . 31-A.—District of Columbia State chartered banks, and banks incor
Comptroller of the Currency, in charge of receivers during year ended Dec. 81, 1948,
amounts of total assets and total liabilities at date of failure, capital stock and stock
earnings, together with the disposition of such collections, and various other data

TABLE

Assets and assessments—Continued

Additional assets received
since date of
failure

Total assessments upon
shareholders

Progress of liquidation to date of this report

Total assets
and stock assessments

Cash collections from
assets

Cash collections from
stock assessments

Receivership
earnings, cash
collections
from interest,
premium, rent,
etc.

$77,501

$100,000

$2,927,899

$2,298,266

$4,778

$312,843

77,501

12-A

100,000

2,927,899

2,298,266

4,778

312,843

9,094

8,967

4,778

2,352

9,094
See footnotes at end of table.




79

EE

PORT OF THE COMPTROLLER OF THE CURRENCY

porated under the laws of the District of Columbia, under the supervision of the
dates of organization, appointment of receivers, and final closing, with nominal
assessments, amounts collected from all sources, including offsets allowed and
indicating the progress and results of liquidation to Dec. 81, 1948—Continued
Disposition of
proceeds of
liquidation

Progress of liquidation to date of this report—Continued

Total collections from all
sources includOffsets allowed
ing offsets
and settled
allowed and
unpaid balance
R. F. C. loans

Losses on
assets compounded or
sold under
order of court

Book value
of uncollected
assets

$167,427

$2,783,314

$274,237

$87,969

$95,222

167,427

2,783,314

274, 237

87,969

95,222

126

16,223

1

Book value
of remaining
uncollected
stock
assessments

H, 778

Distributions
by conservators
To secured
creditors

12-A




80

EE

PORT OF THE COMPTROLLER OF THE CURRENCY

N O . 31-A.—District of Columbia State chartered banks, and banks incor
Comptroller of the Currency, in charge of receivers during year ended Dec. 31, 1948,
amounts of total assets and total liabilities at date of failure, capital stock and stock
earnings, together with the disposition of such collections, and various other data

TABLE

Disposition of proceeds of liquidation—Continued

Distributions
by conservators—Con.

Dividends paid by receivers

To unsecured
creditors

Un secured
claims

On unsecured
claims

Secured and
preferred liaCash advanced
bilities paid
except through in protection
of assets
dividends, including offsets
allowed

Conservators'
salaries, legal
and other expenses

$762,540

$2,362

$33,774

762,540

2,362

33,774

24
1 Formerly in conservatorship.
2 Decrease.

$1,631,588
1,631,588

12-A

125

2 888

1




81

EE

PORT OF THE COMPTROLLER OF THE CURRENCY

porated under the laws of the District of Columbia, under the supervision of the
dates of organization, appointment of receivers, and final closing, with nominal
assessments, amounts collected from all sources, including offsets allowed and
indicating the progress and results of liquidation to Dec. 81, 1948—Continued
Disposition of proceeds of
liquidation—C ontinued

Receivers' sal- Cash in hands
aries, legal and of Comptroller
other expenses and receivers

Amount of
claims proved

Dividend
(percent)

$244,459

$108,591

$1,631,230

100

244,459

108,591

1,631,230

100

2,705

13, 706

24

Interest dividend (percent)

Date finally
closed




82

EE

PORT OF THE COMPTROLLER OF THE CURRENCY

32.—Summary of progress and results of liquidation of Japanese-owned
banks liquidated under the supervision of the Comptroller of the Currency, Feb. 28,
19421 to Dec. 81, 1948

TABLE NO.

In process of
liquidation

Total

5

Disposition of assets:
Collections from assets
Offsets allowed and settled (against assets)
—
Losses on assets compounded or sold under order of courtBook value remaining assets.
Book value of assets transferred to Alien Property Custodian

$18,922,568

11,358,176
793,344
180,522

11,358,176
793,344
180,522

-

-

—
-

Disposition of collections:
Dividends paid by receivers to unsecured creditors
Payments to secured and preferred creditors, other than
through dividends
Offsets allowed and settled (against liabilities)
Disbursements for the protection of assets
Payments of receivers' salaries, legal and other expenses..
Amount transferred to Alien Property Custodian in cash.
Cash balances in hands of Comptroller and receivers
-

-

Capital stock at date of failure
Total deposits at date of failure
Additional liabilities established subsequent to date of failureClaims proved (both secured and unsecured)

6,590,526
18,922,568

11,358,176
431,554
793,344

11,358,176
431,554
793,344

12,583,074

Collections:
Collections from assets
Earnings collected _
Offsets allowed and settled (against assets)

6,590,526
18,922,568

Total

Total

5

$18,922,568

Number of banks.
Total assets taken charge of by receivers

Total

Transferred
to the Alien
Property
Custodian

12,583,074

7,103,491

7,103,491

320,039
793.344
44
153.345
4,212,811

320,039
793.344
44
153.345
4,212,811

12,583,074

12,583,074

880,000
16,963,163
71,140
9,845,892

880,000
16,963,163
71,140
9,845,892

N O . 33.—Japanese-owned banks in charge of receivers during the year ended Dec. 81, 1948, dates of appointment of receivers, with
capital stock, nominal amounts of total assets and total liabilities at date of failure, amounts collected from all sources, including offsets
allowed and earnings, together with the disposition of such collections, and various other data indicative of the progress and results of liquidation
to Dec. 81, 1948

TABLE

Failure
Name and location of banks

1
2
3

Capital
stock at
date of

Pacific Bank, Honolulu, T . H
The Sumitomo Bank, Honolulu, T . H
The Yokohama Specie Bank, Ltd., Honolulu, T . H

$200,000
200,000
280,000

Liabilities

Date
Receiver
appointed

Feb. 28,1942
do
do

Total
deposits
at date of
failure

Additional
liabilities
established
to date of
report

i

Assets
Total
liabilities
established
to date of
report

Book value
of assets
at date of
failure

Additional
assets
received
since date
of failure

Total assets

$3,452,792
4,665,736
2,989,842

$15,764
19,088
33,390

$3,468,556
4,684,824
3,023,232

$3,778,572
5,293,041
3,413,543

$8,617
2,559
255,123

$3,787,189
5,295,600
3,668,666

Grand total (3 receiverships)

680,000

11,108,370

68,242

11,176,612

12,485,156

266,299

12,751,455

Total transferred to Alien Property Custodian (3 receiverships)

680,000

11,108,370

68,242

11,176,612

12,485,156

266,299

12,751,455

Name and location of banks

Cash collections from
assets

Receivership
earnings,
cash collections from
interest,
premium,
rent, etc.

Offsets
allowed and
settled

Total
collections
from all
sources,
including
offsets
allowed

Losses
on assets
compounded Book value
of uncollected
or sold
assets
under
order of
court

Book value
of assets
transferred
to Alien
Property
Custodian

O

tei
o
§

Dividends paid by receivers

§
o
s
o

On unsecured
claims

s
tel

Disposition of Proceeds of
Liquidation-

Progress of Liquidation to date of this report

i

On secured
claims

0

cj
1
2
3




Pacific Bank, Honolulu, T . H
The Sumitomo Bank, Honolulu, T . H
The Yokohama Specie Bank, Ltd., Honolulu, T . H

$3,178,462
5,040,396

$99,930
213,177

$484,265
131,748

$3,762,657
5,385,321

$18,392
115,877

$106,070
7.579

$2,631,420
4,472,071

1,686,122

82,291

175,519

1,943,932

46,253

1,760,772

Grand total (3 receiverships)

9,904,980

395,398

791,532

11,091,910

180,522

1,874,421

7,103,491

Total transferred to Alien Property Custodian (3 receiverships)

9,904,980

395,398

791,532

11,091,910

180,522

1,874,421

7,103,491

1
o
H
00
00

N O . 33.—Japanese-owned banks in charge of receivers during the year ended Dec. 31, 1943, dates of appointment of receivers, with
capital stock, nominal amounts of total assets and total liabilities at date of failure, amounts collected from all sources, including offsets
allowed and earnings, together with the disposition of such collections, and various other data indicative of the progress and results of liquidation
to Dec. 31, 1943—{Continued

82

TABLE

g
*

Disposition of Proceeds of Liquidation—Continued
Secured and
preferred
liabilities
paid except
through
dividends,
including
offsets
allowed

Name and location of banks

Pacific Bank, Honolulu, T . H
The Sumitomo Bank, Honolulu, T . H
The Yokohama Specie Bank, Ltd., Honolulu, T . H

O
Receivers'
salaries,
legal and
and other
expenses

Cash advanced in
protection
of assets

Cash in
hands of
Comptroller
and
receivers

Amount
transferred
to Alien
Property
Custodian
in cash

Amount of
claims
proved

$801,976
131,894

$42,208
50,748

$287,051
730,585

$2,631,420
4,472,071

175,806

39,992

1,728,115

Dividend
(percent)

Date transferred to
Alien
Property
Custodian

Interest
dividend
(percent)

Grand total (3 receiverships)

1,109,676

44

132,948

2,745,751

44

132,948

2,745,751

100
100

M a y 10,1943
Do.
Do.

9,204,506

1,109,676

9,204,506

TABLE

NO.

34.—Bank

suspensions, by States, in the year ended Dec. 31, 1943
Capital (in thousands of dollars)

Number

Deposits (in thousands of dollars)

Location
All banks National
1
1
1
1

IllinoisNorth Carolina
Pennsylvania
Vermont




Total United States. -

-

1
1

4

2

Private

State

All banks National

1
1

25
33
600
50

600
50

2

708

650

State

Private

s
tel

0

2,101,015

Total transferred to Alien Property Custodian (3 receiverships)

S

o

All banks National

25
33

474
767
4,141
866

4,141
866

58

6,248

5,007

State
474
767

1,241

Private

1
O
F
g
W
O
tel
o
tel
o
H

TABLE NO.

3 5 . — B a n k suspensions since inauguration of Federal Deposit Insurance, years ended Dec. 81, 1984 to 1948
Number

Year ended Dec. 31—

Member banks
All
banks

National

State

Capital (in thousands of dollars)1

Insured

1934..
1935..
1936..
1937..
1938..
1939..
1940..
1941..
1942..
1943..




Not insured
48

Total.

334

21

Member banks

Nonmember banks

218

All
banks

3,822
1,518
1,961
3,435
2,467
5,309
1,587
2 496
327
708
21,630

i Indicates capital notes and debentures, if any, outstanding at date of suspension.
8 Revised.
NOTE.—Figures for banks other than national compiled by Board of Governors of the

National

25
405
88
685
25
220
82
2 360

State

671
25
3,600

650
2,540

4,296

Deposits (in thousands of dollars)
Member banks

Nonmember banks

Insured

Not insured

All
banks

416
633
1,678
2,004
2,052
1,204
1,452
118
272
58

3,381
480
195
75
365
285
53
18
55

10,101
11,323
16,169
13,837
34,980
5,944
3,723
1,702

9,887

4,907

140,966

National

42
5,399
524
3,825
36
1,323
257
3,141

State

1,708
211
24,629

5,007
19,554

26,548

Nonmember banks

Insured

Not insured

1,912
3,763
10,207
10,156
11,721
6,589
5,341
503
1,375
1,241

34,985

52,808

42,056

480
1,869
2,439
346
79
327

Federal Reserve System, and represent associations closed to the public, either temporarily or permanently, by supervisory authorities or directors of the banks on account of
financial difficulties. In the case of national bank suspensions, these represent actual
failures for which receivers were appointed.

n
O

o
H
§
o

o
K

o

E
»

o
3

tel

o
d

%
H

O.

K

00

Ol

TABLE NO.

36.—Fiduciary activities of national banks as of Dec. 81, 1943
Banks with capital of—
$25,001 to
$50,000

$25,000

Number of national banks with trust powers but not administering
trusts
Number of national banks with trust powers administering
trusts

Total assets of national banks with trust powers but not administering trusts.
Total assets of national banks with trust powers administering
trusts
Total assets of national banks authorized to exercise trust
powers
TRUST ASSETS

Total
Private trusts
Court trusts. -

—
TRUST LIABILITIES

-

Total..
Total volume of bond issues outstanding for which banks are
acting as trustee
Number of national banks administering private trusts
Number of national banks administering court trusts
Number of national banks administering corporate trusts




$100,001 to
$200,000

$200,001 to
$500,000

$500,001 and
over

Total

17

64

109

69

34

12

305

10

58

283

459

396

288

1,494

27

122

392

528

430

300

1,799

$21,462,263

$111,259,546

$329,384,364

$361,871,381

$381,919,362

$1,878,874,436

$3,084,771,352

10,153,772

108,966,635

985,317,385

2,538,223,904

4,934,632,524

43,756,410,934

52,333,705,154

31,616,035

220,226,181

1,314,701,749

2,900,095,285

5,316,551,886

45,635,285,370

55,418,476,506

$186,861
2,650
15,605
537

Total number of national banks authorized to exercise trust
powers

Investments
Savings deposits
Demand deposits
Other assets

$50,001 to
$100,000

$4,419,155
164,098
1,511,529
37,550

$43,154,098
1,679,436
4,592,364
2,121,599

$240,613,227
4,235,144
17,824,060
37,086,940

$662,475,374
10,449,956
41,452,966
63,584,995

$8,759,206,742
71,875,372
382,999,355
2,075,772,261

$9,710,055,457
88,406,656
448,395,879
2,178,603,882

205,653

6,132,332

51,547,497

299,759,371

777,963,291

11,289,853,730

12,425,461,874

$27,157
178,496

$950,979
5,181,353

$23,852,906
27,694,591

$172,940,793
126,818,578

$477,540,776
300,422,515

$9,465,385,141
1,824,468,589

$10,140,697,752
2,284,764,122

205,653

6,132,332

51,547,497

299,759,371

777,963,291

11,289,853,730

12,425,461,874

$93,200
3
8
1

$269,140
31
49
8

$11,723,186
201
255
88

$80,877,537
370
424
185

$199,559,989
369
366
224

$8,396,852,249
280
275
250

$8,689,375,301
1,254
1,377
756

Number of living trusts being administeredNumber of court trusts being administered

3
19

Total number of individual trusts being administered
Number of corporate trusts being administered
Total number of trusts being administered

TABLE NO.




with
with
with
with
with
with

Total.

capital
capital
capital
capital
capital
capital

of
of
of
of
of
of

6,337
11,573

14,585
17,237

50,339
33,264

72,751
65,264

462
10

4,196
201

17,910
754

31,822
1,482

83,603
17,853

138,015
20,301

23

472

4,397

18,664

33,304

101,456

158,316

$105,730
$13,273
$80

$182,147
$12,285
$80

$653,071
$16,737
$79

$1,964,554
$24,447
$99

$39,200,881
$135,041
$286

$8,316,909
$90, u30
$216

$239

$817

$1,387

$3,446

$8,598

$101,873

$24,364

37.—Classification of investments in living and court trust accounts under administration by the active national bank trust
departments, Dec. 81, 1948

Trust investments classified according to capital of
banks administering trusts
Banks
Banks
Banks
Banks
Banks
Banks

1,380
2,816

$20,565
$9,348
$83

—

Average volume of individual trust assets in each bank
Average volume of trust assets in each individual trust
Average gross earnings per trust for year ended Dec. 31,1943
Average gross earnings per trust department reporting trust
earnings for year ended Dec. 31, 1943

107
355

22
1

—
-

$25,000
$25,001 to $50,000
$50,001 to $100,000
$100,001 to $200,000
$200,001 to $500,000...
$500,001 and over...

Bonds

Percent

Stocks

Percent

Real-estate
mortgages

Percent

Real
estate

Percent

Miscellaneous

Percent

Total investments

$121,339
1,936,641
20,857,903
97,794,176
283,935,399
5,435,860,012

64.94
$13,195
43.82
1,455,674
48.33
11,664,982
40.64
78,681,009
42.86
221,282,305
62.06 2,302,142,492

7.06
$22,800
32.94
333,631
27.03
3,545,553
32.70 27,641,109
33.40 67,740,301
26.28 307,211,200

12.20
$25,350
7.55
523,257
5,380,620
8.21
11.49 27,913,155
10.23 58,495,554
3.51 409,545,539

$4,177
13.57
169,952
11.84
1,705,040
12.48
8,583,778
11.60
8.83 31,021,815
4.67 304,447,499

2.23
3.85
3.95
3.57
4.68
3.48

$186,861
4,419,155
43,154,098
240,613,227
662,475,374
8,759,206,742

5,840,505,470

60.15 2,615,239,657

26.93 406,494,594

4.19 501,883,475

5.17 345,932,261

3.56

9,710,055,457

00
M







INDEX
All banks (see also Banks; Mutual savings banks; National banks; Private Page
banks; State commercial banks):
Assets and liabilities of:
Comparison of, December 31, 1942 and 1943
10-11
December 31, 1943, by States
46-53
December 31, 1943, summary by classes of banks
44r-45
Distribution of, December 31, 1943
9
Per capita demand and time deposits of individuals, partnerships, and
corporations in, December 3i, 1943, by States
54-55
Suspensions. (See Failures of banks.)
Assessments:
Account of examining service paid by national banks
13
Upon shareholders of insolvent national banks in United States, and
nonnational banks in District of Columbia
59, 62-81
Assets and liabilities of banks:
All banks *
Comparison of, December 31, 1942 and 1943
10-11
December 31, 1943, by States
46-53
44-45
December 31, 1943, summary by classes of banks
National banks:
December 31,1942, June 30, October 18, and December 31, 1943_ _
3-4
December 31, 1943, classification of principal items
44-45
Percentage distribution of, December 31, 1940-43
5
Principal items of, according to size of banks (deposits), December
31, 1942 and 1943
19
State banks (see also District of Columbia):
All banks combined: December 31, 1943, classification of principal items
44-45
Mutual savings: December 31, 1943, classification of principal
items
44-45
Private: December 31, 1943, classification of principal items
44-45
State commercial: December 31, 1943, classification of principal
items
44-45
Bank currency. (See Federal Reserve notes; National bank circulation.)
Bank examinations. (See Examination of national banks.)
Banks (see also All banks; Assets and liabilities of banks; Mutual savings
banks; National banks; Private banks; State commercial banks):
All banks:
Distribution of, December 31, 1943
9
Insured and uninsured, December 31, 1943
9
Member banks of Federal Reserve System, December 31, 1943__
9
Number of: December 31, 1943, by States
46-47
Suspensions. (See Failures of banks.)
Insured commercial banks: Number of, December 31,1943, by classes9
National banks:
Branches. (See Branches of national banks.)
Examination of. (See Examination of national banks.)
Failures. (See Failures of banks.)
Number of:
Call dates, December 31, 1942, to December 31, 1943
3
Nonmember banks of Federal Reserve System, December
31, 1943
9
State and private banks:
Number of: December 31, 1943
44
Supervisors of, name and title of in each State, December 31,
1943
56-57
Suspensions. (See Failures of banks.)
Uninsured, December 31, 1943
„
9, 56-57
89




90

INDEX

Pa £ e
Bank suspensions. (See Failures of banks.)
Borrowings. (See Assets and liabilities of banks.)
Branches of national banks:
Domestic:
Number and class of, closed in year ended December 31, 1943,
by States
38
Number and kind authorized and closed in year ended December
31, 1943, and number in existence December 31, 1943
8-9
Number authorized in year ended December 31, 1943, by States,
38
Foreign:
Location and summary of assets and liabilities of, December 31,
1943
33
Number in operation December 31, 1943
33
Building and loan associations. (See District of Columbia.)
Capital accounts. (See Assets and liabilities of banks; Earnings, expenses,
and dividends of national banks: Ratios.)
Capital stock of banks:
All banks: December 31, 1943, by States
48-49, 52-53
National banks:
By size of banks (deposits) December 31, 1942 and 1943
19
Call dates, December 31, 1942, to December 31, 1943
4
Chartered, consolidated, in voluntary liquidation, insolvent,
1935-43
35
Chartered in each State, in year ended December 31, 1943
35
Failed banks in charge of receivers, in year ended December 31,
1943
59,62-75
Incident to consolidations with State and national banks, in year
ended December 31, 1943
37
Liquidated banks in year ended December 31, 1943
8, 36-37, 62, 63
Preferred stock:
Issued and retired
7, 8
Retirable value of, December 31, 1942, June 30, October 18,
and December 31, 1943
4
Total outstanding, December 31, 1943
7
State and private banks: December 31, 1943, by classes of banks
45
Cash in banks. (See Assets and liabilities of banks.)
Charters of national banks. (See Organization of national banks.)
Circulation. (See Federal Reserve notes; National bank circulation.)
Claims proved. (See Failures of banks: National banks.)
Closed banks. (See Consolidations of banks; Failures of banks; Liquidation of national banks.)
Commercial banks. (See National banks; Private banks; State commercial
banks.)
Comptroller of the Currency, Office of :
Examination of national banks
12
Expenses of, calendar year 1943
13
Issue and redemption of notes
12
Liquidation of insolvent national banks
12, 58-75
Liquidation of Japanese-owned banks
12, 82-84
Organization and staff
13
Personnel
13
Condition of banks. (See Assets and liabilities of banks.)
Consolidations of banks:
Changes in capital, surplus, undivided profits, and total assets of
national banks incident to, in year ended December 31, 1943
37
Changes of title of national banks incident to, in year ended December 31, 1943
37
37
List of, in year ended December 31, 1943
Number of, in each State
34
Number of, and decrease in capital incident to, 1935-43
35
Credit unions of the District of Columbia. (See District of Columbia.)
Demand deposits. (See Deposits.)
Deposits (see also Assets and liabilities of banks) :
Demand and time in all active banks, by States, December 31, 1943- 52-53
Insured commercial banks, December 31, 1943
9
National banks, at date of failure
59, 60, 62-75
Per capita demand and time of individuals, partnerships, and corporations in all active banks, December 31, 1943, by States
54-55




INDEX

91

1>a&e
Deposits—Continued.
Postal savings:
In all banks, by States, December 31, 1943
52-53
In each class of banks, December 31, 1943
45
Secured deposits in national banks, December 31, 1942, June 30,
October 18, and December 31, 1943
4
Size of national banks, according to, December 31, 1942 and 1943
19
Suspended banks. (See Failures of banks.)
Uninsured banks, December 31, 1943
9
United States Government:
In all banks, by States, December 31, 1943
52-53
In each class of banks, December 31, 1943
45
District of Columbia:
Assets and liabilities of all banks in, by classes, December 31,1943
39-40
Building and loan associations in:
Reports required from, in year ended December 31, 1943
11
Summary of assets and liabilities of, December 31, 1943
42
Summary of receipts and disbursements of, year ended December
31, 1943
42
Credit unions of:
Reports required from, in year ended December 31, 1943
11
Summary of assets and liabilities of, December 31, 1943
43
Summary of receipts and disbursements of, year ended December *
31, 1943
43
Earnings, expenses, and dividends of banks in:
Losses charged off on loans and securities, years ended December
31, 1942, and 1943, by classes of banks
:
41
Ratios, years ended December 31, 1942 and 1943, by classes of
banks
41
Years ended December 31, 1942 and 1943, by classes of banks. __
41
Receiverships of banks in, to December 31, 1943
58-81
Reports required from banking associations in, in year ended December 31, 1943
11
Dividends. (See Earnings, expenses, and dividends of national banks;
Failures of banks.)
Earnings, expenses, and dividends of national banks:
According to size of banks (deposits), year ended December 31,1943
28-29
By Federal Reserve districts, year ended December 31, 1943
26-27
By States, year ended December 31, 1943
20-25
Losses charged off on loans and securities:
Years ended December 31, 1929-43
32
Year ended December 31, 1943, according to size of banks (deposits)
29
Ratios:
Dividends to capital stock and capital funds, years ended December 31, 1929-43
31
Net profits before dividends to capital stock and capital funds,
years ended December 31, 1929-43
31
Net earnings from current operations and net profits before
dividends per $100 of deposits, year ended December 31, 1943_ _
29
Net earnings from current operations, net profits before dividends, and cash dividends per $100 of capital funds, year
ended December 31, 1943
29
Salaries and wages of officers and employees:
By size of banks (deposits), calendar year 1943
28
Years ended December 31, 1942 and i943
30
Summary, years ended December 31, 1942 and 1943
30
Employees. (See Comptroller of Currency, Office of; Officers and employ- ees of national banks.)
Examination of national banks: Number of bank examinations during
year ended December 31, 1943
12
Examiners and assistant examiners: Changes in number, during the
calendar year 1943
13
Expenses. (See Comptroller of the Currency, Office of; Earnings, expenses, and dividends of national banks; Failures of banks; National
banks.)




92

INDEX

Failure of banks:
Page
All banks:
Number, capital and deposits of suspended banks:
By States, year ended December 31, 1943
84
Since inauguration of Federal Deposit Insurance, years
ended December 31, 1934-43
85
National banks:
Assessments against stockholders
59, 62-75
Banks in charge of receivers in year ended December 31,1943__ 12, 58-75
Capital at date of failure
59, 62-75, 84, 85
Circulation outstanding at date of failure
59, 62-75
Closed and active receiverships to December 31, 1943
58-75
Costs of liquidation of receiverships terminated
59, 62
Deposits at date of failure of banks in charge of receivers in year
ended December 31, 1943
59, 62-75, 84, 85
Dividends paid to creditors during year ended December 31,
1943, and total dividends to December 31, 1943
59-75
Number and capital of, 1935-43
35
Number, capital, and deposits:
By States, year ended December 31, 1943
84
Since inauguration of Federal Deposit Insurance, years ended
December 31, 1934r-43
85
Number of, by States, since beginning of system
34
Receipts and disbursements of division of insolvent national
banks to December 31, 1943
61-63
Receivership liquidation to December 31, 1943
58-75
Receiverships terminated, 1865-1943
58-59
Receiverships terminated in 1943
62
State banks:
In District of Columbia to December 31, 1943
58-63, 76-81
Number, capital, and deposits of:
By States, year ended December 31, 1943
84
Since inauguration of Federal Deposit Insurance, years ended
December 31, 1934-43
85
Federal Deposit Insurance Corporation (see also Failures of banks) : Classification of insured and uninsured banks, December 31, 1943
9
Federal Reserve notes: Issue and redemption of, in year ended December
31, 1943
12
Fiduciary activities of national banks:
Classification of investments in living and court trust accounts under
administration segregated according to capital of banks, December
31, 1943
87
December 31, 1943, segregated according to capital groups
86-87
Foreign branches of national banks, location, and summary of assets and
liabilities of, December 31, 1943
33
Government bonds. (See Investments; United States Government
Securities.)
Insolvent banks. (See Failures of banks.)
Insured banks. (See Failures of banks; Federal Deposit Insurance
Corporation.)
Interbank deposits. (See Assets and liabilities of banks.)
Interest. (See Earnings, expenses, and dividends of national banks.)
Investments of banks:
All banks :
December 31, 1943, by States
46-47
December 31, 1943, by classes of banks
44
National banks:
By size of banks (deposits), December 31, 1942 and 1943
19
Call dates, December 31, 1942, to December 31, 1943
3
Losses charged off on:
According to size of banks (deposits), year ended December
31, 1943
29
Years ended December 31, 1929-43
32
State and private banks: December 31, 1943
44
Japanese-owned banks, liquidation of
12, 82-84
Liabilities. (See Assets and liabilities of banks.)




INDEX

93

Liquidation of national banks (see also Failures of banks):
Page
Capital and number of banks, 1935-43
35
Capital, date, and title of banks, in year ended December 31, 1943,
with names, where known, of succeeding banks in cases of succession
_ 36-37
Number of banks, in each State, since beginning of system
34
Summary, in year ended December 31, 1943
7-8
Loans and discounts of banks:
All banks:
December 31, 1943, classification of, by States
50-51
December 31, 1943, classification of, by classes of banks
44
National banks:
By size of banks (deposits) December 31, 1942 and 1943
19
Call dates, December 31, 1942, to December 31, 1943.
3
Interest and discount earned on:
According to size of banks (deposits), year ended December
31, 1943
28
Years ended December 31, 1942 and 1943
30
Losses charged off on:
According to size of banks (deposits), year ended December
31, 1943
29
Years ended December 31, 1929-43
32
Real estate loans of, December 31, 1943
44, 50-51
State and private banks: December 31, 1943, classification of
44
Losses. (See Earnings, expenses, and dividends of national banks; Failures
of banks.)
Mergers. (See Consolidations of banks.)
Municipal bonds. (See Investments of banks.)
Mutual savings banks:
Assets and liabilities of: December 31, 1943
44r-45
Insured, December 31, 1943
9
Uninsured, December 31, 1943
9
National bank circulation:
Outstanding at date of failure, and lawful money deposited to secure
circulation of national banks in charge of receivers in year ended
December 31, 1943
59, 62-75
Outstanding December 31, 1943
9
National Bank Examiners. (See Examiners and assistant examiners.)
National banks:
Assets and liabilities of:
Call dates, December 31, 1942, to December 31, 1943
3-4
Principal items of, according to size of banks (deposits), December
31, 1942 and 1943
_
19
Branches. (See Branches of national banks.)
By size of banks, on basis of deposits, December 31, 1942 and 1943-_
19
Capital stock. (See Capital stock of banks.)
Charters granted, in year ended December 31, 1943
35
Consolidations. (See Consolidations of banks.)
Conversions of State banks to, in year ended December 31,1943, list of36
Deposits. (See Deposits.)
Dividends. (See Earnings, expenses, and dividends of national banks;
Failures of banks.)
Earnings and expenses. (See Earnings, expenses, and dividends of
national banks.)
Failures of. (See Failures of banks.)
Fiduciary activities. (See Fiduciary activities of national banks.)
Insolvent. (See Failures of banks.)
Investments. (See Investments of banks.)
Liquidation of, in year ended December 31, 1943
7-8, 12, 36-37
Loans and discounts. (See Loans and discounts of banks.)
Number of:
Call dates, December 31, 1942, to December 31, 1943
3
Chartered and closed:
1935-1943
35
Since February 25, 1863
34
In existence, by States, December 31, 1943.
34
588768—44

7




94

INDEX

National Banks—Continued.
Page
Officers and employees, number and salaries of:
By size of banks (deposits), December 31, 1943
28-29
Years ended December 31, 1942 and 1943
30
Reports required from, in year ended December 31, 1943
11
Trust functions. (See Fiduciary activities of national banks.)
United States Government securities owned by. (See United States
Government securities.)
Officers and employees of national banks:
Number and salaries of, by size of banks (deposits), calendar
year 1943
28-29
Number and salaries of, years ended December* 31, 1942 and
1943
30
Organization of national banks:
Charters granted, which were conversions of State banks, in year
ended December 31, 1943
36
Charters granted, in year ended December 31, 1943, list of, by States»
35
Number and authorized capital of, 1935-43
35
Number of, by States, from February 25, 1863, to December 31, 194334
Summary, in year ended December 31, 1943
7-8
Per capita demand and time deposits of individuals, partnerships, and
corporations, in all active banks, December 31, 1943, by States
54r-55
Personnel. (See Comptroller of the Currency, Office of.)
Population, United States, by States, December 31, 1943
46-47
Possessions:
Assets and liabilities of all banks in, December 31, 1943
46-53
Per capita demand and time deposits of individuals, partnerships,
and corporations, of all banks in, December 31, 1943*.
'55
Postal savings. (See Deposits.)
Private banks:
Assets and liabilities of: December 31, 1943
44-45
Suspensions. (See Failures of banks.)
Profits. (See Assets and liabilities of banks.)
Public funds. (See Assets and liabilities of banks.)
Real estate held by banks. (See Assets and liabilities of banks.)
Real estate loans. (See Loans and discounts of banks.)
Receivers of national banks. (See Failures of banks.)
Reports from national banks in year ended December 31, 1943
11
Reserve with Federal Reserve banks. (See Assets and liabilities of banks.)
Salaries and wages of officers and employees of national banks. (See
Earnings, expenses, and dividends of national banks.)
Savings banks. (See Mutual savings banks.)
Secured liabilities (see also Failures of Banks: National banks): In national
banks, December 31, 1942, June 30, October 18, and December 31, 19434
Securities. (See Investments of banks; United States Government securities.)
State bank failures. (See Failures of banks.)
State banking officials: Name and title of, in each State, December 31,
1943
56-57
State commercial banks:
Assets and liabilities of: December 31, 1943
44-45
Insured, December 31, 1943
9, 56-57
Member banks of the Federal Reserve System, December 31, 1943. 9, 56-57
Nonmember banks of the Federal Reserve System, December 31,
1943
9,56-57
Suspensions. (See Failures of banks.)
Uninsured, December 31, 1943
9, 56-57
Stock savings banks. (See State commercial banks.)
Supervisors of State banks, name and title of, in each State, December
31, 1943
56-57
Suspensions. (See Failures of banks.)
Taxes. (See Earnings, expenses, and dividends of national banks.)
Time deposits. (See Deposits.)
Titles of national banks. (See Changes of title of national banks; Consolidations of banks ; Organization of national banks.)
Trends in banking, 1940-43
5
Trust companies. (See District of Columbia; State commercial banks.)




INDEX

95
Page

Trust powers of national banks. (See Fiduciary activities of national
banks.)
United States Government deposits. (See Deposits.)
United States Government securities:
All banks:
December 31, 1943, by States
46-47
December 31, 1943, by classes of banks
44
National banks:
By size of banks (deposits), December 31, 1942 and 1943
19
Call dates, December 31, 1942, to December 31, 1943
3
State and private banks: December 31, 1943
44
Voluntary liquidation of national banks. (See Liquidation of national
banks.)

o

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