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EIGHTY-SIXTH ANNUAL REPORT
OF THE

Comptroller of the Currency




1948

WASHINGTON : 1949

TREASURY DEPARTMENT

Document No. 3161
Comptroller of the Currency

II




LETTER OF TRANSMITTAL
TREASURY DEPARTMENT,
OFFICE OF THE COMPTROLLER OF THE CURRENCY,

Washington, D. C, June 10, 1949.
SIRS: In 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 1948.
Respectfully,
PRESTON DELANO,

Comptroller of the Currency.
THE PRESIDENT OF THE SENATE.
THE SPEAKER OF THE HOUSE OF REPRESENTATIVES.




Ill

ANNUAL REPORT
OF THE

COMPTROLLER OF THE CURRENCY
The Comptroller of the Currency has the honor to present herewith
to the Congress of the United States his Annual Report for the calendar
year 1948.
In the pages that follow appear summaries of significant data
regarding resources, liabilities, and operations of the National Banking
System during 1948, as well as detailed tabulations of these and other
related banking data. However, it is not inappropriate to mention
specifically a few of these figures, which, in their own right and as
contrasted with comparable figures for previous years, indicate major
trends.
The National Banking System apparently has stabilized numerically,
for the time being at least, the number of banks in the System having
remained in the neighborhood of five thousand for some five years.
(Branches in operation in December 1948 were somewhat less than
two thousand.) Although these banks constituted, at the end of 1948,
only 35 percent of the 14,200 commercial banks of the Nation, they
continued to hold substantially over one-half of the commercial banking resources of the United States ($88 billion out of $156 billion).
Total outstanding loans of national banks continued to increase
during the year, rising from $21.5 billion to $23.8 billion. In order
to provide available credit for this expansion in loans, national bank
investment in United States government securities continued the downward trend of recent years, although at a somewhat slower rate—from
$39 billion to $35 billion. Cash and balances with other banks rose
from $22 billion to $23 billion, due to an increase of about $1.8 billion
in required reserves.
As in the preceding year, national banks' capital accounts (capital,
surplus, undivided profits and capital reserves) increased by a little
over $250 million—from $5.4 billion to $5.7 billion. Outstanding
preferred stock continued its decline, being less than $25 million
(retirable value: $35 million). In relation to total common stock of
$1.8 billion and total capital accounts of $5.7 billion, the aggregate
preferred stock is now a negligible amount. This is in accordance with
our understanding of Congressional policy, and our administrative conviction, that it is most desirable for national banks to have a capital
structure based solely upon a uniform type of common stock, and that
issuance of preferred stock should be limited almost entirely to emergency situations, with retirement at as rapid a rate as is feasible.
Total deposits of all types in national banks, as well as the major




Z

REPORT OF THE COMPTROLLER OF THE CURRENCY

category of demand deposits, dropped slightly during the year 1948.
Nevertheless, as indicated above, the capital cushion provided by the
investment of stockholders, plus accumulated and undistributed earnings
thereon, continued to increase, with the approval and encouragement
of this bureau. This increase in capital accounts seemed to be called
for primarily because of the increase of over $2 billion in outstanding
loans, previously commented upon. As indicated hereinafter, the
changed picture of American banking in the past quarter century has
made the ratio of capitalization to total deposits, formerly used as a
rough rule-of-thumb, far less significant than the question of the amount
of capital funds needed in view of the amount and character of so-called
"risk assets" held by the particular bank.
In the Comptroller's Annual Report for the year 1944, attention was
called to the great changes which had occurred during the years of
World War II in the nature and functions of American banking. At
that time national banks' holdings of Federal government securities
were almost four times their oustanding loans, and many of the loans
also were covered in whole or in part by government guaranties. It
was pointed out at that time that the main functions of the National
Banking System had become the handling of the Nation's current
funds, the investment of those funds in government securities and
government-guaranteed loans, the direct creation of credit for governmental use, and the performance of quasi-governmental services. In
that Report, the Comptroller of the Currency strongly endorsed a
vigorous and courageous policy for commercial banks—a policy which
would meet all legitimate demands for credit accommodation without,
however, moving into the basically risk sector of the economy.
It is gratifying to observe the extent to which the National Banking
System has performed its major function as creator and distributor of
credit during the post-war years. At the end of 1945, the last war year,
United States government securities were still well over one-half of the
resources of national banks; three years later such securities constituted
less than 40 percent of all resources. Even more striking has been the
increase in lending activities. In December 1945 loans accounted for
barely 15 percent of national bank resources, but three years later 27
percent of those resources consisted of outstanding loans.
Paralleling these changes, and called for by them, there has been a
substantial increase in capital funds, derived chiefly from the retention
of earnings. Over the three-year period referred to, capitalization rose
from 5.1 percent of all resources to 6.4 percent—in other words, an increase in the capital cushion of 25 percent, relative to the deposits and
other liabilities protected thereby. Elsewhere in this discussion mention is made of the importance of determining the adequacy of capital
structure in the light of the volume and quality of loans and comparable
assets, rather than in relation to deposit liabilities, although the latter
factor should not be disregarded in view of the potentialities it affords
for future increase in "risk assets."
In our economy, a banking system—like any other economic organism
—remains healthy only as long as it yields returns commensurate with
the investment of its owners, and the degree of risk necessarily involved




REPORT OF THE COMPTROLLER OF THE CURRENCY

3

in the undertaking. On the other hand, returns which seem patently
excessive, when contrasted with returns in comparable sectors of the
economy, may reflect an absence of the competitive factor which is also
essential in an optimum economic climate. Consequently, it is appropriate to examine with care the sources, amount, and use of national
bank earnings.
In 1948, for the first time since 1942, earnings from lending operations
($890 million) exceeded aggregate income from investments in government and other securities ($690 million), and did so by the wide margin
of $200 million. Operating expenses continued to increase, and many
national banks adopted the reserve method of accounting for bad debt
hazards, so that despite an increase over the preceding year of $175
million in gross earnings, net profits before dividends actually were $30
million less than in 1947. As a result, net profits amounted to 7.6 percent
of capital funds, compared with 8.6 percent the previous year. Less
than half of net profits was distributed as cash dividends, the remainder
being retained to strengthen the capital position.
The facts thus briefly presented justify the conclusion that the
National Banking System on the whole ended the year 1948 in sound
condition. Nevertheless, it must be recognized that during the year
and also presently, economic and political forces were at work, both at
home and abroad, which could affect adversely both banks and the
economy of the country generally.
The year witnessed readjustments in prices and corresponding changes
of the purchasing power of the dollar, at a time when liquid assets at
the disposal of the American people were at record levels. This is7
another way of saying that we are emerging from a sellers' into a buyers
market, a transition which is usually accompanied by increased competition, lower prices and profits, and increased unemployment.
This readjustment in our economy calls for the exercise of prudent
judgment on the part of bankers and bank supervisors alike. Through
its willingness to extend credit for productive purposes, the banking
system of the Nation played an important part in expediting and easing
this transition. During the post-war period the volume of bank loans
increased approximately 76 percent, with many small banks experiencing
increases ranging up to ten times pre-war volume. To an important
degree business enterprises have relied upon bank borrowings for working capital and for expansion of plant facilities. Perhaps contrary to
general opinion, the greater number of loans were made to borrowers
with net worth of less than $50,000. This evidences not only a willingness but an affirmative effort on the part of banks to aid small business.
The resurgence of commercial bank lending activities has required
bank supervisors to reexamine previous concepts of the adequacy of
bank capitalization. Up to less than a quarter century ago there was a
general feeling that, subject t6 exceptions, a ratio of $1 of capital
structure to $10 of deposits was about "right"—that a lower relative
capitalization was dangerous and a higher capitalization usually unnecessary. It is believed that this principle was based on an economic
system in which most of the available funds of commercial banks were




4

REPORT OF THE COMPTROLLER OF THE CURRENCY

fully utilized, for substantial periods, in their lending activities. In
other words, a l-to-10 capital-deposit ratio might generally be tantamount to a l-to-5 or l-to-7, for example, ratio of capital to loans plus
investments other than federal government obligations.
In the circumstances described, a capital-deposit ratio was a useful
rule-of-thumb, for it was actually merely an indirect and rough method
for gauging a relationship of a bank's capital cushion to the amount of
its loans and investments necessarily and properly involving an element
of banking risk. Today, capital-deposit ratios generally lack this
validity and justification as tools for bank supervision. The rapidly
changing character of bank assets, adverted to in this and previous
reports, is such that the ratio of capital to deposits is not a reliable
measure of the magnitude of the risk element in the banks' activities,
and it is the function of the capital structure to protect the bank and its
depositors from that element of risk. To take an example, a l-to-10
capital-deposit ratio would be more than adequate for a bank with
90 percent of its resources in cash and United States government securities, whereas the same ratio might be dangerously insufficient for a bank
with 70 percent of its deposits concentrated in a few high-risk loan
fields.
For these reasons, our bureau in recent years has placed less stress
upon the relationship between capital structure and deposits, emphasizing instead adequacy of capital in relation to several factors, particularly competence of management, and volume and quality of assets
which necessarily involve some element of uncertainty, however slight.
In order to expedite our procedures and perform our duties ^efficiently
as possibTeTweliaye a^pfed_certi^
...preliminary
screening. Une o O ^ m o s j useful of these is a ratio of capital funds'to
Ioans~"and investments other tEaF United StMe^^oveTnment "securities".
WSIOM^ capitalipblTpn of a particular bank, checked in this manner,
apparentlyy falls far short of the average,
g , this is a signal
g for close analysis
y
F ff Ta l T
th character
harate of
investment
T T^^
as the
of the
the Jonahs
Jonahs and
and investments,
IEe aBIIity of management, local and~ regional economic conditions and
^ d ^ l i e l i k e . Even if loans and investments appear high in
or "corrective
^ t K ^ n g jnJjO
ae of
J O! !. .. II s a
ascertained that loans and investments are,,
high quality under the supervision of careful and intelligent management, and appropriate in the economic situation in which the particular
bank is operating.
~~
""Xn example of the principles which govern our action in these fields
arises in the analysis of a bank's holdings of "revenue" obligations of
municipalities and other governmental units. Our basic standard with
respect to all securities is credit soundness. While there are both
general obligations and special revenue obligations of governmental units
which have a place in bank portfolios, neither type is universally suitable or unsuitable. Even the fact that "general obligations of any State
or of any political subdivision thereof" are exempt from the usual statutory limitations and restrictions regarding investment securities of
national banks does not mean that any and all such general obligations
are appropriate bank investments.




REPORT OF THE COMPTROLLER OF THE CURRENCY

5

The fact that Congress has evidenced confidence in such general
obligations by exempting them from the statutory limitations upon
amount is not equivalent to a blanket approval of investment in such
securities without regard to their inherent qualities and their suitability
for the investment portfolio of a particular bank. It has been necessary
to stress these points to a small segment of banks with the suggestion
that they fully evaluate all factors affecting quality before acquisition,
including the effect of the supply-demand factor on liquidity and price
structure.
General obligations do not submit readily to a simple clarifying
formula designed to evaluate fully the favorable and adverse factors
affecting such securities, but banks have been urged to procure and
maintain the information necessary to determine the degree of protection
existing in each issue held; also to study and relate the general character
of such bonds to other earning assets and the composition of deposits
in order to determine the suitability of a particular issue.
There has been a definite tendency on the part of many banks to place
special revenue securities on the same plane with the general obligations
of municipalities. Undoubtedly there are some special revenue obligations which are to be preferred over certain general obligations, but,
broadly speaking, general obligations are inherently on a higher plane of
credit soundness because they are supported by the full taxing power
of the governmental unit rather than by the net operating revenue of
a particular project. In other words, revenue obligations are substantially similar to corporate securities of comparable type, and the
acquisition of such securities for the investment of bank funds should
be based on their general suitability and credit soundness.
The credit soundness of obligations issued by a municipality to finance
a public facility on a special revenue basis is no better than the fundamental financial and management soundness of the facilities which they
have financed. There is only one way to determine credit soundness
and that is by means of a careful appraisal of all relevant financial facts.
To the extent the financial facts are not available, the weight of the
intangibles increases. Consequently, national bankers are being urged
to maintain and utilize the credit information necessary to enable them
to acquire obligations on an informed and intelligent basis—obligations
which are demonstrably sound.
Similar principles are applicable in the field of loans, and it is fitting
to refer briefly to bank loans secured by real estate. Real-estate values
today are at a very high level and the expansion in real-estate debt
during the post-war period has been substantial. The rise in individual
income, the increase in population, and the spreading out of families have
combined forces to generate a real-estate demand unique in banking
history. It has resulted in a high level of transfers of ownership and a
substantial increase in unit debt. It has resulted also in a shift of realty
"investment" from the realty owner to the lender, who is now assuming
a proportion of the risk much greater than in the past. By adhering to
the fundamental principles of realistic appraisals and adequate amortization, banks can with safety discharge their duties in a constructive
program of adequate housing and economically sound home ownership.




D

REPORT OF THE COMPTROLLER OF THE CURRENCY

The National Banking System, together with the other banks of the
Nation, have resumed and aggressively strengthened their position as
the leading source of credit and other services without which our economy inevitably would collapse. They have done this during a period of
exceptional economic conditions, in circumstances which demanded
judgment and courage tempered by prudence. With few exceptions, the
banking fraternity has served the Nation during the post-war years in a
manner which has satisfied all legitimate credit needs and other requirements, while at the same time it has served as a brake when the machine
threatened to get out of control. American banking will deserve the
Nation's respect and praise if it continues to bear its responsibilities
with the same intelligence, foresight, and devotion to the general welfare.
A comparison of the assets and liabilities of the banks in the National
Banking System as of December 31,1947, April 12, June 30, and December 31, 1948, reported pursuant to calls for condition statements by the
Comptroller of the Currency, is shown in the following table.




REPORT OF THE COMPTROLLER OF THE CURRENCY

Assets and liabilities of national banks on dates indicated
[In thousands of dollars]
Dec. 31, 1947 Apr. 12, 1948 June 30, 1948 Dec. 31, 1948
(5,011 banks) (5,014 banks) [5,004 banks) (4,997 banks)
ASSETS

21,480,457
Loans and discounts, including overdrafts
U. S. Government securities, direct obligations 38,819,276
6,159
Obligations guaranteed by U. S. Government-_
3,028,607
Obligations of States and political subdivisions
2,000,094
Other bonds, notes, and debentures
Corporate stocks, including stocks of Federal
155,830
Reserve banks

21,816,341

Total loans and securities
Cash, balances with other banks, including reserve balances and cash items in process of
collection
22,075,590
Bank premises owned, furniture and fixtures
534,266
Real estate owned other than bank premises-_
8,124
Investments and other assets indirectly representing bank premises or other real estate._
43,970
Customers' liability on acceptances outstanding
87,522
Interest, commissions, rent, and other income
earned or accrued but not collected
142,281
Other assets
-.
64,824

64,064,680

Total assets.

§,447,000

22,303,042
36,955,647 J36,226,156
5,251
3,172,597
3,207,888
1,962,559
1,943,659
157,536

158,271
',844,267

23,818,513
34,977,410
2,853
3,190,189
1,898,185
159,716
64,046,8

19,923,421
545,857
8,864

20,465,498
553,887
8,635

23,024,269
573,557
9,559

44,561
95,075

45,337
112,554

43,794
113,097

142,281
103,159

143,780
167,154

152,578
171,332

84,927,898

85,341,112

88,135,052

45,134,137

45,203,667

47,004,636

18,767,225

18,830,881

18,828,056

1,529,023
4,907,268
7,034,821

1,367,862
5,175,811
7,305,787

1,504,408
5,230,758
7,843,607

LIABILITIES

Demand deposits of individuals, partnerships,
and corporations
48,079,210
Time deposits of individuals, partnerships,
and corporations
18,764,017
Deposits of U. S. Government and postal
902,426
savings
Deposits of States and political subdivisions _ _ 4,726,333
8,411,473
Deposits of banks
Other deposits (certified and cashiers' checks,
1,391,897
etc".)
Total deposits.
Demand deposits
Time deposits
Bills payable, rediscounts, and other liabilities
for borrowed money
Mortgages or other liens on bank premises and
other real estate
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
Total liabilities.

1,094,772

1,115,980

1,236,551

82,275,356

78,467,246

78,999,988

81,648,016

62,835,410
19,489,946

58,899,657
19,567,589

59,320,782
19,679,256

61,937,877
19,710,139

45,135

152,315

42,871

41,330

316

282

278

291

101,182

105,657

125,465

127,337

86,704

97,138

99,644

108,995

203,694
313,289

220,350
346,242

207,388
319,710

216,222
321,973

83,025,676 79,389,230

79,795,344

82,464,164

1,804,803
2,451,488
971,091

1,828,759
2,510,495
1,009,365

CAPITAL ACCOUNTS

Capital stock (see memoranda below)
Surplus
Undivided profits
Reserves and retirement account for preferred
stock
Total capital accounts
Total liabilities and capital accounts. _

1,779,766
2,399,520
893,232

1,799,948
2,419,482
961,790

348,806

357,448

318,386

322,269

5,421,324

5,538,668

5,545,768

5,670,888

85,341,112

88,135,052

88,447,000

84,927,8

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 preferred stock
Class B preferred stock
TotalAssets pledged or assigned to secure liabilities
and for other purposes (including notes and
bills rediscounted and securities sold with
agreement to repurchase)




25,037
2,403
1,752,409

23,048
2,187
1,774,789

21,811
2,087
1,780,964

22,130
1,915
1,804,714

1,779,849

1,800,024

1,804,862

1,828,759

35,070
3,491

32,701
3,275

31,465
3,100

31,757
2,927

38,561

35,976

34,565

34,684

7,774,608

8,557,620

8,666,323

8,926,898

8

REPORT OF THE COMPTROLLER OF T H E CURRENCY

TRENDS IN BANKING

The following table shows the changes that have occurred in recent
years in the relationships of the major asset and liability accounts of
national banks to the aggregates of assets and liabilities.
Distribution of assets and liabilities of national banks, Dec. SI, 1945-48
1945

1946

1947

Percent
56.85
2.59
.12
1.87

Percent
49.32
3.13
.14
2.38

Percent
43.90
3.42
.14
2.30

Percent
39.69
3.62
.14
2.19

61.43

54.97

49.76

45.64

15 41
10.74
11.54
55
.01
.32

20 40
11.11
12.54
.60
.01
.37

24 29
11.74
13.22
.60
.01
.38

27 03
10.94
15.18
.65
.01
.55

_ ___

100.00

100.00

100.00

100.00

Deposits:
D e m a n d of individuals, partnerships, a n d corporations.
T i m e of individuals, partnerships, a n d corporations
U. S. G o v e r n m e n t
S t a t e s a n d political subdivisions _ _
. . .
_
Banks
Other deposits (including postal s a v i n g s ) . .
. . .

45.25
17.63
15.64
3.85
10 20
1.58

53.65
21.25
2.17
4.86
9 63
1.60

54.36
21.21
1.02
5.34
9.51
1.58

53.33
21.36
1.70
5 94
8.90
1.41

__..

94.15

93.16

93.02

92.64

...

76.05
18.10
.71

71.26
21.90
.77

71.04
21.98
.85

70.28
22.36

. . .
. . . .

1 83
2.22
1.09

2 07
2.68
1.32

2.01
2.71
1.41

2.07
2.85
1.51

.

5.14

6.07

6.13

6.43

100.00

100.00

100.00

100.00

1948

ASSETS

Securities:
U. S. Government, direct and guaranteed .
Obligations of States and political subdivisions. _ _
Stock of Federal Reserve banks __
_
Other bonds and securities
....
_
_
Total securities
Loans and discounts
Cash and balances with other banks, excluding reserves
Reserve with Reserve banks
_ __ . _ _ _
_.
Bank premises furniture and fixtures
Other real estate owned. _
All other assets. _
_.
Total assets

__ _
LIABILITIES

T o t a l deposits-_

. .

. . .

Demand deposits
Time deposits, __
...
Other liabilities
__ _
Capital funds:
Capital stock
Surplus
_ __
Undivided profits and reserves. __
Total capital funds.Total liabilities and capital funds

_._

.93

EARNINGS, EXPENSES, AND DIVIDENDS OF NATIONAL BANKS FOR
YEAR ENDED DECEMBER 31, 1948

The net operating earnings of national banks in the year ended December 31, 1948, were $716,000,000, an increase of $72,000,000 over the
amount reported for the preceding year.
Gross earnings were $1,900,000,000. This was an increase of $176,000,000 over the gross earnings for the year 1947. The principal items of operating earnings in 1948 were $891,000,000 from interest and discount on
loans, an increase of $184,000,000 over 1947, and $579,000,000 from
interest on United States Government obligations, a decrease of
$42,000,000 compared to the year 1947. Other principal items of operating earnings were $111,000,000 from interest and dividends on securities
other than United States Government obligations, an increase of
$6,000,000 over the previous year, and $98,000,000 from service charges
on deposit accounts, an increase of $14,000,000. Operating expenses,
excluding taxes on net income, were $1,184,000,000 as against $1,081,


REPORT OF THE COMPTROLLER OF THE CURRENCY

9

000,000 in 1947. Principal operating expenses were $576,000,000 for
salaries and wages of officers and employees and fees paid to directors,
an increase of $55,000,000 over 1947, and $176,000,000 expended for
interest on time and savings deposits, an increase of $12,000,000.
Adding to the net operating earnings of $716,000,000 profits on
securities sold of $37,000,000 and recoveries on loans and investments,
etc. (including recoveries of reserves previously charged out) of $124,000,000, and deducting therefrom losses and charge-offs (including current charge-offs for reserve purposes) of $277,000,000, and taxes on net
income of $176,000,000, the net profits before dividends for the year
1948 amounted to $424,000,000, which amounts to 7.47 percent of capital
funds. This is an apparent reduction in net profits before dividends of
$29,000,000 from the year 1947, but a comparison of the results of 1948
with the year 1947 and previous years is not practical because of reserve
accounts amounting to $184,000,000 charged out of current earnings in
1948, largely reserve for bad debts used by more than 2,000 national
banks under the provisions of Mimeograph 6209 issued by the Bureau
of Internal Revenue in December 1947.
Cash dividends declared on common and preferred stock in 1948
totaled $194,000,000, in comparison with $184,000,000 in 1947. The rate
of cash dividends was 3.50 percent of the average capital funds during
the year. The cash dividends in 1948 were 46 percent of the net profits
available for the year. The remaining 54 percent of net profits, or
$230,000,000, was retained by the banks in their capital funds.
Interest and dividends on securities was 36 percent of gross earnings
in the year 1948, with the banks in Federal Reserve district No. 12 showing the smallest ratio of 26 percent and those in district No. 3 the largest
ratio of 46 percent. Interest and discount on loans accounted for 47
percent, varying in ratio from 39 percent in district No. 7 to 58 percent
in district No. 12. Salaries, wages, and fees were 30 percent, ranging
from 28 percent in districts Nos. 3 and 4 to 32 percent in districts Nos.
1, 2 and 9. The net operating earnings before income taxes were 38
percent of gross earnings, with averages ranging from 35 percent in
district No. 1 to 41 percent in districts Nos. 10 and 11.
Interest and discount on loans to the average total of loans in 'the
year was 4 percent and varied from 3 percent in district No. 2 to almost
5 percent in districts Nos. 10 and 12. Interest and dividends on securities was more than iy2 percent on average total securities
held, the
banks in district No. 10 showing the lowest ratio, nearly l1/^ percent,
while the banks in district No. 3 showed the highest ratio of 2 percent.
Net operating earnings before income taxes were 13 percent of average
total capital accounts, the lowest ratio being 9 percent in district No. 1,
and the highest ratio 21 percent in district No. 12. Net profits before
dividends for the period were 8 percent of average capital accounts, the
ratios ranging from 5 percent in district No. 1 to 12 percent in district
No. 12.
Summaries of the earnings, expenses, and dividends of national banks
for the years ended December 31, 1947, and December 31, 1948, are
shown in the following table.




10

REPORT OF THE COMPTROLLER OF T H E CURRENCY
Earnings, expenses, and dividends of national banks for years ended Dec. 31,
1947 and 1948
[In millions of dollars]

Number of banks1
Capital stock (par value)2.
Capital accounts2

_

__
_

_

Earnings from current operations:
Interest and dividends on—
U. S Government obligations
Other securities __
Interest and discount on loans
Service charges on deposit accounts
Other current earnings
__ _ _

_

_ _

Total
Current operating expenses:
Salaries, wages, and fees_ _ _
_
Interest on time deposits (including savings deposits)
Taxes other than on net income
Recurring depreciation on banking house, furniture and fixtures.
Other current operating expenses
__
Total
Net earnings from current operations
Recoveries, transfers from reserve accounts, and profits:3
On securities:
Recoveries
_
__
__
Transfers from reserve accounts
Profits on securities sold or redeemed
On loans:
Recoveries
Transfers from reserve accounts . . .
Allother
Total

Total

.

Profits before income taxes
Taxes on net income:
Federal
State

-_-

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

_

1947

4,997
1,804.5
5,546.0

5,011
1,769.2
5,293.3

+35.3
+252.7

578.7
110.9
890 6
97.7
222.6

620.5
105.1
706 3
83.3
209.5

-41.8
+5.8
+184 3
+14.4
+13.1

1,900.5

1,724.8

+175.7

575.8
175.5
61.3
27.7
344.1

520.7
163.3
59 1
24.1
313.6

1,184.4

1,080.7

+55.1
+12.2
+2.2
+3.6
+30.5
+103.7

716.1

644.1

+72.0

_

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

_ _

-14

19.7 }
11 3
37.5

25.6

+5.4

61.4

-23.9

24.6 }
23.9
44.5

43.6
160.6

+4.9
+14.5
+ .9

46.6 }
23.6

69.8

+ .4

19.6
160.6 }
27.0

73.5

161.5

-

Losses, charge-offs, and transfers to reserve accounts:4
On securities:
Losses and charge-offs
__
_
__
Transfers to reserve accounts
On loans:
Losses and charge-offs _
Transfers to reserve accounts
Allother

Change
since 1947

1948

30.0

277.4

169.0

+106.7
+1.4
+108.4

600.1

635.7

-35.6

166.7
9.7

172.6
10.1

-5.9
-.4

25.6

176.4

182.8

-6.4

423.8

453.0

-29.2

1.3

1.4

192.6
36.7

182.1
23.5

-.1

+10.5
+13.2

230.6

207.0

+23.6

Percent
62.32
7.64
10.75
3.50

Percent
62.66
8.56
10.37
3.47

Percent
-.34
-.92

+ .38
+ .03

1 Number at end of period. Remaining figures include earnings, expenses, etc., of those banks which
were
in operation a part of the year but were inactive at the close of the year.
2
Figures are averages of amounts reported for the June and December call dates in the current year
and
the December call date in the previous year.
3
Not including recoveries credited to reserve accounts.
4 Not including losses charged to reserve accounts.
NOTE.—Figures are rounded to the nearest tenth of a million and may not equal totals.




REPORT OF THE COMPTROLLER OF THE CURRENCY

11

STRUCTURAL CHANGES IN THE NATIONAL BANKING SYSTEM

The authorized capital stock of the 5,002 national banks in existence
at the close of business on December 31,1948, including 5 inactive banks,
consisted of common capital stock aggregating $1,805,086,597, a net
increase during the year of $52,580,500, and preferred capital stock
aggregating $24,283,028, a net decrease during the year of $3,763,265.
During the year ended December 31, 1948, in addition to 18 applications with proposed capital stock of $1,810,000 carried over from the
previous year, 48 applications were received to organize national banks
and to convert State banks into national banking associations, with proposed capital stock aggregating §7,405,000. Of these applications, 22
with proposed capital stock aggregating $3,905,000 were approved; 17
with proposed capital stock aggregating $1,965,000 were rejected; and
the remainder were still pending or had been abandoned on December 31,
1948. From the applications carried over from the previous period and
the 22 applications approved during the current year, 21 national*
banking associations with common capital stock aggregating $3,420,000
were authorized to commence business. Of the 21 charters issued, 4
with common capital stock aggregating $1,800,000 were the result of
the conversions of State banks; and 2 with common capital stock of
$125,000 were organized for the purpose of acquiring the business of 2
liquidating national banks.
During the year ended December 31, 1948, 12 national banks and 3
State banks were consolidated into 7 national banking associations,
under authority of the act of November 7,1918, as amended, the common
capitaj stock of the consolidated banks being $12,900,000, and the preferred capital stock being $1,500,000. Additional assets of approximately
$17,279,946 were brought into the national banking system by reason
of the 3 State banks consolidated with the national banks. Also, during
this period national banks reported the purchase of the business of 15
State banks, with aggregate capital stock of $1,310,000 and aggregate
assets of approximately $48,945,870. The latter figure does not include
aggregate assets of $11,026,103, which were brought into the system by
the purchase of a State bank incident to the consolidation of two national
banks.
During the year ended December 31, 1948, 27 national banks with
common capital stock of $4,080,000, among which were 2 with preferred
capital stock aggregating $138,635, went into voluntary liquidation in
the manner provided by sections 5220 and 5221, United States Revised
Statutes. Of these banks, 19 with common capital stock of $3,550,000
and assets aggregating $150,829,121, including 1 with preferred capital
stock of $25,000, were succeeded by other national banks; and 8 with
common capital stock of $530,000 and assets aggregating $24,490,075,
including 1 with preferred capital stock of $113,635, were succeeded by
State banks.
Changes in the number and capital stock of national banks during the
year ended December 31, 1948, are shown in the following summary.




12

REPORT OF THE COMPTROLLER OF THE CURRENCY

Organization, capital stock changes, and national banks closed as reported
during the year ended Dec, 81, 1948
Number
of banks

Capital stock
Common

Increases:
Banks newly chartered:
Primary organizations
Reorganizations
Conversions of State banks
Capital stock:
142 cases by statutory sale
154 cases by statutory stock dividend
50 cases by stock dividend under articles of association
3 cases by conversion of preferred stock
5 cases by statutory consolidation
Total increases.

$1,495,000
125,000
1,800,000
16,241,780
34,391,400
1,599,820
115,000
1,950,000
21

Decreases:
Banks ceasing operations:
Voluntary liquidations:
Succeeded by national banks..
Succeeded by State banks
Statutory consolidations
Receiverships
Capital stock:
126 cases by retirement
3 cases by statutory reduction
2 cases by statutory consolidation _
1 case by decrease in par value

57,718,000

$1,500,000
1,500,000

3,550,000
530,000

25,000
113,635

282,500
775,000

Net change
Charters in force Dec. 31, 1947, and authorized capital stock __
Charters in force Dec. 31, 1948, and authorized capital stock __

4,824,630
300,000

32

Total decreases..

Preferred

5,137,500
-11 +52,580,500
5,013 1,752,506,097

5,263,265
-3,763,265
28,046,293

5,002 1,805,086,597

24,283,028

BRANCHES

On December 31, 1948, 277 national banks were operating a total of
1,934 branches, including 4 seasonal offices.
During the year ended December 31, 1948, 108 branches were brought
into the national banking system. Of the 108 branches, 48 were authorized to operate in places other than the city in which the parent bank
is located. During the same period 14 branches were discontinued, 7
through actions of the boards of directors of the parent banks and 7
through voluntary liquidation of the parent banks.
Of the 108 branches authorized, 100 were operating on December 31,
1948. Seven branches authorized in 1947 did not begin operations until
1948. There was a net gain in the system of 93 operating branches
in the year.
NATIONAL BANK NOTES OUTSTANDING
There were as of December 31,1948, $97,636,341.00 of National Bank
notes outstanding.
DISTRIBUTION OF ALL BANKS

On December 31, 1948, there were 14,735 commercial and savings
banks in the United States and possessions with deposits of $162,041,389,000. Of these banks 13,612, or 92 percent, with 95 percent of the



REPORT OF THE COMPTROLLER OF THE CURRENCY

13

deposits, were insured banks. The 4,991 national banks, members of
the Federal Reserve System, represented 34 percent of all banks and held
50 percent of the total deposits. The 532 mutual savings banks, of which
193 were insured banks, held $18,404,850,000 of deposits.
Classification of all banks, Dec. 81, 1948
Banks

Deposits

Change in
Number Percent 12 months
of
of grand (percent
banks
total
of grand
total)
4,991

33.87

-0.05

1,924
3

13.06
.02

6,504
190

44.14
1.29

+ .08
0
+ .20
0

Total insured banks
13,612
Nonmember uninsured banks: 2
State commercial and private .. _
784
Mutual savings
339

92.38

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

Total
1
2

14,735

5.32
2.30
100.00

Amount
(000
omitted)

total)

50.24

-0.17

39,938,798
16,241

24.65
.01

-.23
0

19,336,886
12,755,286

+ .02
+ .38

+ .23 153,454,048

11.93
7.87
94.70

2,954,018
5,633,323

1.82
3.48

-.06
+ .06

162,041,389

100.00

-.23
0

81,406,837

Change in
Percent 12 months
of grand (percent
total
of grand

0

Includes 4 nonmemb r insured national banks.
Includes 2 nonmember uninsured national banks.

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

The total assets of all classes of active banks in the United States and
possessions on December 31, 1948, amounted to $176,075,000,000, an
increase of $51,000,000 since December 31, 1947.
The total deposits at the end of 1948 amounted to $162,041,000,000, a
decrease of $688,000,000 since 1947. Included in the recent deposit
figures are deposits of individuals, partnerships, and corporations of
$136,521,000,000, a decrease of $1,236,000,000 in the year. Deposits of
the United States Government, including postal savings deposits, were
$2,521,000,000, an increase of $982,000,000, or 64 percent, since December 1947; deposits of States and political subdivisions amounting to
$8,562,000,000 showed an increase of $774,000,000, or 10 percent, in the
year, and deposits of banks of $12,285,000,000 were $760,000,000, or 6
percent, less than in December 1947.
Loans and discounts amounted to $48,453,000,000 in December 1948
after deducting reserves of $638,000,000 for possible future losses. The
net loans were $5,222,000,000, or 12 percent, over the amount reported
as of the end of 1947. Commercial and industrial loans of $19,055,000.000 at the end of 1948 were 4 percent greater than at the end of 1947;
consumer loans of $6,960,000,000 increased 20 percent in the year; real
estate loans of $16,704,000,000 were up 17 percent, and all other loans of
$6,372,000,000 increased 32 percent in the year.
The banks held obligations of the United States Government, direct
and guaranteed, of $74,462,000,000 in December 1948, a decrease of
$7,175,000,000, or 9 percent, since December 1947. Obligations of States
and political subdivisions held amounted to $5,754,000,000, an increase
of $392,000,000, and other securities held amounted to $5J17,000,000, an



14

REPORT OF THE COMPTROLLER OF THE CURRENCY

increase of $319,000,000. The aggregate of all securities held at the
end of December 1948 was $85,933,000,000, and represented 49 percent
of the banks' total assets. At the end of the previous year the ratio
was 52 percent.
Cash and balances with other banks, including reserve balances, in
December 1948 were $39,635,000,000, a decrease of 3 percent since 1947.
Total capital accounts on December 31, 1948, were $12,554,000,000,
compared to, $11,997,000,000 at the end of 1947. The total of surplus,
profits, and reserves at the end of 1948 was $9,131,000,000, an increase
of $476,000,000, or 6 percent in the year.
In order to avoid duplication of work, an agreement was reached by
the Comptroller's Office, the Board of Governors of the Federal Reserve
System and the Federal Deposit Insurance Corporation in the early
part of 1947 whereby a single tabulation of the assets and liabilities of
all operating banks in the United States and possessions would be made
semiannually by the Corporation beginning June 30, 1947, instead of
following the practice pursued previously when each of these three
Federal bank supervisory agencies tabulated such figures independently.
Therefore, the assets and liabilities for all banks for 1948 published by
the Comptroller in the current annual report have been supplied by the
the Corporation. The figures for all banks published in subsequent
annual reports will be obtained from the same source. The Comptroller's
Office, however, will continue to tabulate the returns of national banks
and make them available to the Corporation for inclusion in the all-bank
figures.
A statement of the assets and liabilities of all classes of active banks
in the country at the end of December 1947 and 1948 follows:
Assets and liabilities of all banks in the United States and possessions, 1947 and 1948
[In millions of dollars]
Dec. 31,
1948

Dec. 31,
19471

Number of banks.

14,735

14,755

-20

Loans on real estate
Commercial and industrial loans (including open-market paper). _.
Loans to brokers and dealers in securities and other loans for the
purpose of purchasing or carrying securities
Other loans, including overdrafts

16,704
19,055

14,302
18,295

+2,402
+760

2,332
11,000

2,075
8,559

+257
+2,441

48,453

43,231

+5,222

74,462
5,754
5,200
517

81,637
5,362
4,898
500

-7,175
+392
+302
+17

85,933

92,397

-6,464

2,145

2,393

-248

37,490
1,123
32

36,167
1,060
34

+1,323
+63
-2

78
205
616

67
167
508

+11
+38
+ 108

176,075

176,024

+ 51

Total gross loans
Less valuation reserves.
Net 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 banks.
Total securities.
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 premises
Investments and other assets indirectly representing bank premises
or other real estate
Customers' liability on acceptances outstanding
Other assets
Total assets _




Change
since 1947

249,091
638

15

REPORT OF THE COMPTROLLER OF THE CURRENCY

and liabilities of all banks in the United States and possessions,
1947 and 1948—Continued
[In millions of dollars]
Dec. 31,
1948

Dec. 31,
19471

Change
since 1947

83,166
53,355
2,521
8,562
12,285
2,152

85,303
52,454
1,539
7,788
13,045
2,600

-2,137
+901
+982
+774
-760
-448

162,041

162,729

-688

64

75

-11

228
1,188

191
1,032

+37
+156

163,521

164,027

-506

48
79
3,296
6,008
2,506

62
87
3,193
5,735
2,246

LIABILITIES

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

__

_

_

Bills payable, rediscounts, and other liabilities for borrowed money. _
Acceptances executed by or for account of reporting banks and
outstanding
_
_
Other liabilities
Total liabilities

__ _ __

___

_

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 capital accounts
Total liabilities and capital accounts. _

__

-14
-8

617

674

12,554

11,997

+103
+273
+260
-57
+557

176,075

176,024

+51

1
2

Revised.
Beginning in 1948, figures for various loan items are reported gross, i.e., before deduction of valuation
reserves,
and are not entirely comparable with prior figures.
3
Not available.

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, 1948. Reports were required as of April 12, June 30, and
December 31. Summaries from all condition reports, by States, are published in pamphlet form. National banks were also required by
statute to obtain reports of their affiliates and holding company affiliates
other than member banks as of the three dates for which condition
reports of the banks were obtained and to submit such reports to the
Comptroller.
Under the general powers conferred upon him by law, the Comptroller
obtained 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, 1948.
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, 1948.
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



16

REPORT OF THE COMPTROLLER OF THE CURRENCY

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, 1948, and reports of receipts and disbursements for the
year ended December 31,1948.
Detailed figures from reports of condition and earnings and dividends
will be found in the appendix of this report.
AFFILIATES AND HOLDING COMPANY AFFILIATES OF NATIONAL
BANKS
The Federal statute requires each national bank to obtain and submit
to the Comptroller periodically reports of its affiliates, as defined in
sections 2(b) and (c) of the Banking Act of 1933, as amended, unless
waived by the Comptroller. At the end of December 1948, 863 of the
national banks reported 11,907 affiliates and holding company affiliates,
of which 10,247 were duplications reported by 240 banks. The actual
number of affiliates, or 1,660, included 23 holding company affiliates
which controlled 194 active national banks. The number of banks in each
holding company group varied from 1 to 48. At the end of 1947 there
were 22 holding company affiliates which controlled 192 national banks,
varying in number from 1 to 47 associations. Under the waiver of requirement for reports of affiliates, it was necessary for only 354 banks
to submit and publish 393 reports of affiliates and holding company
affiliates. Of the latter number 177 were duplications of reports of affiliates and holding company affiliates by 177 banks.
LIQUIDATION OF INSOLVENT NATIONAL BANKS
During the year ended December 31, 1948, there were no failures of
national banks. The liquidation of three insolvent national banks was
completed during the year, leaving a total of six receiverships in process
of liquidation as of December 31, 1948. Of these six banks, three were
in charge of the Federal Deposit Insurance Corporation as receiver and
the remaining three banks were involved in/ litigation.
ISSUE AND REDEMPTION OF NOTES
Nine hundred and seven shipments of Federal Reserve currency were
made from Washington, D. C., during the year ended December 31,
1948, to Federal Reserve agents and Federal Reserve branch banks,
aggregating $4,073,240,000, and in addition, 20 deliveries-were made to
the Treasurer of the United States aggregating $78,580,000.
Four thousand eight hundred and thirty-five lots of unfit Federal
Reserve currency were received for verification and certification for
destruction consisting of 426,973,899 notes aggregating $5,265,080,510.
Twenty-four lots of national bank notes were received for verification
and certification for retirement and destruction consisting of 471,537
notes aggregating $7,069,459.
One hundred fifty-two thousand three hundred and fifty-three fragments or charred Federal Reserve and national bank notes aggregating



REPORT OF THE COMPTROLLER OF THE CURRENCY

17

$2,195,322 were presented by the Treasurer of the United States for
identification and approval.
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, 1948, 9,616 examinations of
banks, 3,143 examinations of branches, 1,882 examinations of trust
departments, and 81 examinations of affiliates were conducted. Thirteen
State banks were examined in connection with conversions to or consolidations with national banks. Investigations were also conducted in
connection with applications for 38 new charters and 140 new branches.
ORGANIZATION AND STAFF
The personnel of the Office of the Comptroller of the Currency on
December 31,1948, consisted of 1,086 persons. Two hundred and twelve
were assigned to the Washington office, which included 24 in the Division
of Insolvent National Banks and 31 in the Federal Reserve Issue and
Redemption Division, which is an expense of the Federal Reserve
banks. One hundred and twenty-six clerical employees were stationed
in the 12 field offices located in the 12 Federal Reserve districts. There
was a net decrease of 3 in the Washington office, and a net increase of
50 in the field force, the result of our effort to bring our examining staff
up to present requirements.
During the year 13 national bank examiners and 64 assistant national
bank examiners left the service. In the same period 25 assistant examiners were promoted to examiners, and 124 new assistants were appointed,
leaving a total of 252 national bank examiners and 496 assistant
examiners in the service at the year end.
EXPENSES OF THE BUREAU
The expenses of the office incident to the supervision of national banks
are met largely by fees assessed against the banks. Such expenses paid
from these assessments for the calendar year 1948 aggregated
$6,107,202.22.
Expenses of the Division of Insolvent National Banks are paid from
assessments against insolvent national banks in process of liquidation.
Such expenses for the calendar year 1948 totaled $102,132.69.
Expenses of the Federal Reserve Issue and Redemption Division are
paid by the Federal Reserve banks. These expenses for the calendar
year 1948 amounted to $90,388.10.







APPENDIX

19

CONTENTS
TABLES
No. 1. Total number of national banks organized, consolidated under act
November 7, 1918, as amended, insolvent, in voluntary liquidation,
and in existence on December 31, 1948
No. 2. 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 14-month
period from November 1, 1941, to December 31, 1942, inclusive, and
for the years ended December 31, 1943 to 1948
No. 3. National banks chartered during the year ended December 31, 1948 __
No. 4. National banks chartered which were conversions of State banks during
the year ended December 31. 1948
No. 5. National banks reported in voluntary liquidation during the year ended
December 31, 1948, the names of succeeding banks in cases of succession, with date of liquidation and capital stock
No. 6. National and State banks consolidated during the year ended December
31, 1948, under act November 7, 1918, as amended
No. 7. Number of domestic branches of national banks authorized during the
year ended December 31, 1948
No. 8. Number and class of domestic branches of national banks closed during
the year ended December 31, 1948
No. 9. Principal items of assets and liabilities of national banks, by size of
banks, according to deposits, December 31, 1947 and 1948_
No. 10. Number of national banks in United States and possessions with surplus
fund equal to or exceeding common capital stock, and the number
with surplus fund less than common capital stock 1942 to 1948
No. 11. Dates of reports of condition of national banks, 1914 to 1948
No. 12. Assets and liabilities of national banks on April 12, June 30, and
December 31, 1948, by States and Territories
No. 13. Earnings, expenses, and dividends of national banks, by States, for
the year ended December 31, 1948
No. 14. Earnings, expenses, and dividends of national banks, by Federal
Reserve districts, for the year ended December 31, 1948
No. 15. Earnings, expenses, and dividends of national banks, by size of banks,
for the year ended December 31, 1948 _
No. 16. Earnings, expenses, and dividends of national banks, years ended
December 31, 1946 to 1918
No. 17. Number of national banks, capital stock, capital funds, net profits,
dividends and ratios, years ended December 31, 1929-48
No. 18. Total loans of national banks, losses and recoveries on loans, and ratio
of net losses or recoveries to loans, by calendar years 1929-48
No. 19. Total securities of national banks, losses and recoveries on securities,
and ratio of net losses or recoveries to securities, by calendar years
1929-48
No. 20. Foreign branches of American national banks, December 31, 1948
No. 21. Consolidated statement of assets and liabilities of foreign branches
of national banks, December 31, 1948
No. 22. Assets and liabilities of banks in the District of Columbia, by classes,
December 31, 1948
No. 23. Assets and liabilities of all banks in the District of Columbia at date
of each call during year ended December 31, 1948
No. 24. Assets and liabilities of nonnational banks in the District of Columbia
at date of each call during year ended December 31, 1948
No. 25. Earnings, expenses, and dividends of banks in the District of Columbia,
 years ended December 31, 1948 and 1947
No. 26. Number of banks, capital stock, capital funds, net profits, interest
http://fraser.stlouisfed.org/
and ratios, all banks in the District of Columbia,
Federal Reserve Bankand
of St.dividends,
Louis

Page

23

24
24
25
26
27
28
30
31
32
33
35
89
97
100
102
104
105
105
106
107
108
110
111
112

22

REPORT OF THE COMPTROLLER OF THE CURRENCY
Page

No. 27. Total loans of banks in the District of Columbia, losses and recoveries
on loansr and ratio of net losses or recoveries to loans, by calendar
years 1929-48
No. 28. Total securities of banks in the District of Columbia, losses and
recoveries on securities, and ratio of net losses or recoveries to
securities, by calendar years 1929-48
No. 29. Summary of assets and liabilities December 31, 1948, and receipts and
disbursements in year ended December 31, 1948, of the 22 building
and loan associations in the District of Columbia
No. 30. Summary of assets and liabilities December 31, 1948, and receipts
and disbursements in year ended December 31, 1948, of the 19
District of Columbia credit unions
No. 31. Assets and liabilities of all active banks in the United States and
possessions, by classes, December 31, 1948
No. 32. Assets and liabilities of all active banks in the United States and
possessions, by States and Territories, December 31, 1948
No. 33. Assets and liabilities of active national banks, by States and Territories, December 31, 1948
No. 34. Assets and liabilities of all active banks other than national, by States
and Territories, December 31, 1948
No. 35. Assets and liabilities of active State commercial banks, by States and
Territories, December 31, 1948
No. 36. Assets and liabilities of active mutual savings banks, by States,
December 31, 1948
No. 37. Assets and liabilities of active private banks, by States, December 31,
1948
No. 38. Per capita demand and time deposits of individuals, partnerships,
and corporations in all active banks, by States, December 31, 1948
No. 39. Officials of State banking departments and number of each class of
active banks in December 1948
No. 40. Assets and liabilities of all active banks, 1936 to 1948
No. 41. Assets and liabilities of all active national banks, 1936 to 1948
No. 42. Assets and liabilities of all active banks other than national, 1936 to 1948_
No. 43. 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, 1948
No. 44. Number and deposits of national and District of Columbia nonnational
banks placed in receivership period April 14, 1865, to December 31,
1948, by groups according to percentages of dividends paid to
December 31, 1948
No. 45. Liquidation statement, 9 receiverships in liquidation during year
ended December 31, 1948
No. 46. Liquidation statement, 3 administered receiverships completely liquidated and finally closed, during year ended December 31, 1948__
No. 47. Liquidation statement, 6 active receiverships as of December 31,1948_ _
No. 48. National banks in charge of receivers during year ended December 31,
1948, 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 31,1948.
No. 49. Bank suspensions since inauguration of Federal deposit insurance,
years ended December 31, 1934 to 1948
No. 50. Fiduciary activities of national banks as of December 31, 1948
No. 51. Fiduciary activities of national banks by Federal Reserve districts as
of December 31, 1948
No. 52. Classification of investments in living and court trust accounts under
administration by the active national bank trust departments,
December 31, 1948
No. 53. Fiduciary activities of national banks by States as of December 31,1948



115
116
117
118
lljL,
121
130
138
146
154
158
162
164
166
167
168
169

172
173
174
175

176
;

182
183
184
185
186

23

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE NO. 1.—Total number of national banks organized, consolidated under act
Nov. 7, 1918, as amended, insolvent, in voluntary liquidation, and in existence
Dec. 31, 1948

States

Organized

127
M!aine
80
New Hampshire
Vermont
85
371
Massachusetts
67
Rhode Island
121
Connecticut_
_ _ _
851
Total New England States
_ _
991
New York
_ _ __
417
New Jersey
1,282
Pennsylvania
_
_ __
30
Delaware
141
Maryland
32
District of Columbia
_ _ _
2,893
Total Eastern States_.
____
249
Virginia
West Virginia-- -_ _ __ _
190
152
North Carolina- _ _ - _
_
____
122
South Carolina
186
Georgia
146
Florida
178
Alabama
_ _ _
79
Mississippi
106
Louisiana
__ _ _
1,176
Texas _
146
Arkansas
246
Kentucky
Tennessee
_
208
3,184
Total Southern States
__
Ohio.
_____
696
Indiana
437
Illinois
__
914
Michigan
___
__
318
Wisconsin
273
Minnesota
__ _ _
489
Iowa
546
293
Missouri __
3,966
Total Middle Western States
North Dakota
259
219
South Dakota_
403
Nebraska
_ _
447
Kansas
193
Montana __ __ _
61
Wyoming
218
Colorado
84
New Mexico
743
Oklahoma
2,627
Total Western States- __
Washington
225
148
Oregon
516
California
110
Idaho __
38
Utah
Nevada
17
Arizona _ __ __
31
Total Pacific States-__ __
1,085
5
Alaska
The Territory of Hawaii
6
1
Puerto Rico
_
_ _
Virgin Islands of the United States
1
Total possessions ___
_ _
13
Total United States and possessions
•14,619
1

Consolidated
under
act Nov.
7, 1918
5

Insolvent

13

In liqui- In existence
dation

76

33

2
1
24
3

5
17
28
2

51
39
120
9

4
39

22
28
199
53

7
72

59
437

51
303

54
20
2
4

129
59
211
1
17
7

126

424

422
127
388
16
61
12
1,026

386
211
637
13
61
9
1,317

73

131

46

17

11
5
6
8
2
2
4
3
35
1
9
7

28

38
44
43
42
42
45
16
16
140
39
37

65
57
49
86
41
62
34
53
563
55
108

110

36
566

25
12
17
10
9
7
4
10

112
98
227
77
54
116
204
58

94

946

1,339
318
202
288
153
114
188
240
146
1,649

3

100

115

12
1
4
3

93

93
83
76
76
12

79
193
193
75
23

12
38

55
25
84
604

83
35
447

17
2
12

51
30
64

4
1
1
37

35
6
4
6
196

3

60
17

1

22,808

72

. 1,169
241
125
382
78
96
178
98
79
1,277
41

35
126
174
39
26
77
24
200
742

37
22
95

6

15
11
5
3
188
4
1
0
1
6

36,364

5,002

7

21
664
1
4
1

1

445

1,243
120
94
345

76
46
24
50
61
69
25
34
438
51
92

Includes 456 organized under act Feb. 25, 1863; 9,401 under act 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.




24

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE NO. 2.—Number and authorized capital stock of national banks chartered and the
number and capital stock of national banks closed in each year ended Oct. 31, from
1935 to 1941, inclusive, for the 14-month period from Nov. 1, 1941, to Dec. 31, 1942,
inclusive, and for the years ended Dec. 31, 1943 to 1948 inclusive
Closed
Chartered
Year

No.
1935 _
1936
1937
1938
1939
1940
1941 . .
1942
1943
1944
1945
1946
1947
1948 .

Capital

Consolidated
under act
Nov. 7, 1918

No.

Loss to
capital

In voluntary
liquidation

No.

Capital

Insolvent

No.

Capital

49 $7,780,000 13 i$447,100 189 $19,615,250 25 $4,305,020
3
1215,000 76
7,680,000 6 10,200,000
?,Q 2,465,000
1302,875 P8 11,049,540 11 1,987,150
?9 5,355,000 8
875,000 3
47
4,550,500 2
50,000
8
2,925,000 1
1275,000 56
7,066,000 6
19
745,000
3,282,000 4
1582,500 53
5,178,250
19
125,000 41
. . 15 5,545,000 6
5,319,180 3
282,000
q
142,000 48
6,604,100 ?
1,177,089 1
160,000
2,175,000 1
50
12
5,129,155 2
650,000
3,815,000 3 i 2125,655 30
3,229,750
21
5,110,000 5 11,700,000 43
3,513,000
39
150,000 35
36
8,475,000 10
4,535,000
5,400,000 2
30
5,422,300
26
3,420,000 5
1775,000 27
34,218,635
21

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

No.

Capital

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

No.

Capital

158 $14,827,370
59
5,230,000
8?
7,269,565
3,700,500
43
4,436,000
4?
2,478,750
38
81,180
35
5,629,011
42
41
3,604,155
$460,250 12
103,000
9
3,890,000 Q
22,300
6
11
1,573,635

1 Amount of capital stock reductions incident to consolidations.
2
Preferred capital stock reduction.
3 Includes $138,635 preferred capital stock.

TABLE NO. 3.—National banks chartered during the year ended Dec. 31, 1948

ALABAMA

14600
14614

Loop National Bank of Mobile
First National Bank of Eufaula

$200,000
100,000
300,000

Total (2 banks)
ARKANSAS

14606

150,000

Peoples National Bank of Jonesboro
CALIFORNIA

14609
14612

Long Beach National Bank, Long Beach

200,000
50,000

Joshua Monument National Bank of Twenty nine Palms.

250,000

Total (2 banks)
GEORGIA

14599

100,000

West Georgia National Bank of Carrollton
14605
14607
14610
14617
14618

ILLINOIS

Wauconda National Bank, Wauconda
National Bank of Petersburg
National Bank of Joliet
National Bank of St. Anne
First National Bank of Evergreen Park
Total (5 banks)




60,000
100,000
150,000
60,000
50,000
420,000

REPORT OF THE COMPTROLLER OF THE CURRENCY

25

TABLE NO. 3.—National banks chartered during the year ended Dec. 31,1948—Continued
Charter
No.

Capital
stock
(common)

Title

IOWA

14608
14613

Eagle Grove National Bank, Eagle Grove

$50,000
75,000

First National Bank of Tipton

125,000

Total (2 banks)
NORTH

14603

CAROLINA

100,000

Lincoln National Bank of Lincolnton
OHIO

14601

50,000

First National Bank of Sebring
OKLAHOMA

14615

50.000

American National Bank in Pryor
TENNESSEE

14611
14619

American National Bank and Trust Company of Chattanooga
First National Bank of Pulaski

1,500,000
100,000

Total (2 banks)

1,600,000
TEXAS

14602
14604

First National Bank of Borger

100,000
75,000

First National Bank in Lockney

175,000

Total (2 banks)
WISCONSIN

14616

100,000

Superior National Bank, Superior

3,420,000

Total United States (21 banks)

TABLE NO. 4.—National banks chartered which were conversions of State banks during
the year ended Dec. 31, 1948
Charter
No.

14399
14611
14616
14619

Title and location

West Georgia National Bank of Carrollton
American National Bank and Trust Company of
Chattanooga
Superior National Bank, Superior
First National Bank of Pulaski
Total (4 banks)..




State

Georgia

Effective
date af
charter

Authorized
capital

Approximate
surplus
and undivided
profits

$100,000

Approximate

$55,038

$1,436,782

Tennessee _ Oct. 1 1,500,000 2,300,125
100,000
32,702
Wisconsin _ Nov. 15
100,000
77,754
Tennessee _ Dec. 31

66,464,627
2,519,115
3,366,814

1,800,000 2,465,619

73,787,338

Jan.

2

26

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE NO. 5.—National banks reported in voluntary liquidation during the year ended
Dec. 31, 1948, the names of succeeding banks in cases of succession, with date of
liquidation and capital stock
Name and location of bank

Date of
liquidation

Capital stock
Common

The Farmers National Bank of Aitkin, Minn. (10783), succeeded by The Security State Bank of Aitkin
First National Bank in Harrisville, Pa. (13812), absorbed by
The Butler County National Bank of Butler, Pa
The Peoples National Bank of Long Prairie, Minn. (7080),
absorbed by The Bank of Long Prairie
The National Bank of Watervliet, N. Y. (1265), absorbed by
State Bank of Albany, N. Y
The First National Bank of Port Jefferson, N. Y. (5068),
absorbed by The Bank of Port Jefferson, which changed its
title to "The Bank of Northern Brookhaven", Port Jefferson.
The First National Bank of Valley View, Tex. (7731), absorbed
by The Valley View National Bank, Valley View
Dover National Bank, Dover, Pa. (14049), absorbed by The
York National Bank and Trust Company, York, Pa
The First National Bank of Lind, Wash. (9101), absorbed by
Seattle-First National Bank, Seattle, Wash
The First National Bank of Lockney, Tex. (9126), succeeded by
First National Bank in Lockney
The First National Bank of Tully, N. Y. (5746), absorbed by
The Syracuse Trust Company, Syracuse, N. Y
The National Branch Bank of Kentucky Frankfort, Frankfort,
Ky. (5376), absorbed by Farmers Bank and Capital Trust
Company, Frankfort
The Mangum National Bank, Mangum, Okla. (5811), absorbed
by The Guarantee State Bank, Mangum
The Butler County National Bank of Butler, Pa.1 (4374),
absorbed by Mellon National Bank and Trust Company,
Pittsburgh, Pa
First National Trust and Savings Bank of Fullerton, Calif.
(12764), absorbed by Bank of America National Trust and
Savings Association, San Francisco, Calif
Liberty National Bank in Guttenberg, N. J. (14014), absorbed
by Hudson County National Bank, Jersey City, N. J
The Logan National Bank and Trust Company of New
Kensington, Pa. (13571), absorbed by Mellon National Bank
and Trust Company, Pittsburgh, Pa
The National Bank of Charleroi and Trust Company, Charleroi,
Pa. (13585), absorbed by Mellon National Bank and Trust
Company, Pittsburgh, Pa
The Citizens National Bank of Ashland, Nebr. (14174), absorbed by The Farmers & Merchants National Bank of Ashland __
The Union National Bank of Donora, Pa. (13644), absorbed by
Mellon National Bank and Trust Company, Pittsburgh, Pa._.
First National Bank in Latrobe, Pa. (13700), absorbed by
Mellon National Bank and Trust Company, Pittsburgh, Pa.
The First National Bank in Ligonier, Pa. (13658), absorbed by
Mellon National Bank and Trust Company, Pittsburgh, Pa.__
First National Bank of East Point, Ga. (14587), succeeded by
The Citizens and Southern Bank of East Point
The Amwell National Bank of Lambertville, N. J. (2339), absorbed by The Hunterdon County National Bank of Flemington, N. J.
The American National Bank of Pryor Creek, Okla. (12117),
succeeded by American National Bank in Pryor, Okla
The Citizens National Bank of Washington, Pa.* (3383). abssorbed
o b e by Mellon National Bank
a aand Trust
s Company,
p y , Pittss
burgh,
Pa.
bh
P
The Union National Bank of Zelienople, P a . (14215), absorbed
by Mellon National Bank and Trust Company, Pittsburgh,
Pi

The Mountville National Bank, Mountville, Pa. (3808), absorbed by The Fulton National Bank of Lancaster, Pa.____
Total (27 banks)
1
2

Jan. 1, 1948

Preferred

$25,000

Dec. 29, 1947

50,000

Jan. 31, 1948

50,000

Apr. 2, 1948

40,000

Apr. 30, 1948

125,000

M a y 20, 1948

25,000

May 31, 1948

75,000

May 10, 1948

35,000

June 10, 1948

25,000

June 11, 1948

60,000

June 19, 1948

100,000

M a y 29, 1948

30,000

July 10, 1948

600,000

July 15, 1948

175,000

July 30, 1948

100,000

July 30, 1948

300,000

Aug. 20, 1948

200,000

Aug. 31, 1948

50,000

Sept. 10, 1948

200,000

Oct.

1, 1948

300,000

Oct. 22, 1948

100,000

Nov. 19, 1948

100,000

Nov. 16, 1948

150,000

Nov. 22, 1948

25,000

Nov. 20, 1948

1,000,000

Dec. 11, 1948

65,000

Dec. 21, 1948

75,000
4,080,000

$113,635

25,000

138,635

With 5 branches, 1 in Chicora, 1 in Lyndora, 1 in East Brady, 1 in Saxonburg and 1 in Harrisville, Pa.
With 2 branches, 1 in Claysville and 1 in Burgettstown, Pa.




REPORT OF THE COMPTROLLER OF THE CURRENCY

27

TABLE NO. 6.—National and State banks consolidated during the year ended Dec. 31,
1948, under act Nov. 7, 1918, as amended
Capital
stock
The First National Bank of Salt Lake City, Utah
(No. 2059), with
$1 000,000
and First Security Bank of Utah, National Asso200,000
ciation, Ogden, Utah (No. 2597), which had__
consolidated Apr. 30, 1948, under charter and
title of the latter bank (No. 2597). The con,000,000
solidated bank at date of consolidation had
50,000
Miners and Merchants Bank, Charleston, S.C. with
and The First National Bank of Columbia, S.C.
300,000
(No. 13720), which had
consolidated May 31, 1948, under charter of the
latter bank (No. 13720) and title "The First
National Bank of South Carolina of Columbia".
The consolidated bank at date of consolidation
500,000
had
Industrial National Bank of Chicago, 111. (No.
1,000,000
14442), with
^
and Chicago Terminal National Bank, Chicago,
111. (No. 13659), which had
750,000
consolidated July 3, 1948, under charter of the
latter bank (No. 13659) and title "Chicago
National Bank". The consolidated bank at
13,250,000
date of consolidation had
The Westminster Savings Bank, Westminster,
100,000
Md., with
The Farmers and Mechanics National Bank of
100,000
Westminster, Md. (No. 1526), with
and The First Natipnal Bank of Westminster,
125,000
Md. (No. 742), which had
consolidated Sept. 30, 1948, under charter of the
last-named bank (No. 742) and title "Carroll
County National Bank of Westminster". The
consolidated bank at date of consolidation had_
400,000
Webster and Atlas National Bank of Boston, Mass.
(No. 1527), with
1,000,000
and The National Rockland Bank of Boston,
1,500,000
Mass. (No. 615), which had
consolidated Oct. 15, 1948, under charter of the
latter bank (No. 615) and title "RocklandAtlas National Bank of Boston". The consolidated bank at date of consolidation had
2,225,000
The Second National Bank of Paterson, N. J. (No.
810), with
1,500,000
and First Paterson National Bank and Trust
C
o p a y , Paterson,
a e s , N. J. (No. 39)
Company,
329) w
which had. 2,000,000
consolidated
off th
the
l i d t d Oct.
O t 29,
29 1948,
1948 under
d charter
ht
latter bank (No. 3*29) and title "First National
Bank and Trust Company of Paterson". The
consolidated bank at date of consolidation had. 3,000,000
The Fountain Square State Bank, Indianapolis,
Ind., with
100,000
and The Merchants National Bank of Indianapolis, Ind. (No. 869), which had
1,250,000
consolidated Nov. 17, 1948, under charter and
title of the latter bank (No. 869). The consolidated bank at date of consolidation had
2,025,000
i Includes $1,500,000 of preferred capital stock.




Surplus

Undivided
profits

Total
assets

1,800,000

$1,065,846 $57,454,661
1,894,519 68,810,600

,000,000
40,000

2,460,365 134,083,644
22,144
1,001,000

$1,500,000

300,000

244,236

17,881,434

300,000

248,647

18,886,417

1,250,000

1,254,140

25,251,512

650,000

412,826

36,958,451

1,500,000

692,669

62,301,441

200,000

40,615

6,138,976

250,000

40,122

4,878,155

150,000

39,024

3,430,056

550,000

71,324

14,423,750

1,000,000

331,506

33,254,722

2,500,000

690,449

59,330,888

3,775,000

1,117,013

92,364,868

1,500,000

616,096

49,855,813

2,000,000

2,056,855

78,108,951

3,000,000

3,023,447

127,964,765

100,000

176,036

10,139,970

2,000,000

2,965,799

123,655,453

2,100,000

2,466,835

133,795,423

28

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE NO. 7.—Number of domestic branches of national banks authorized during the
year ended Dec. 31, 1948
Branches authorized under act
Feb. 25, 1927, as amended

Charter
No.

Title and location

Local
ALABAMA

3185

The First National Bank of Birmingham
ARIZONA

14324

The Valley National Bank of Phoenix

2491
10167
9174
13044

Security-First National Bank of Los Angeles
Union National Bank of Pasadena
The Anglo California National Bank of San Francisco
Bank of America National Trust and Savings Bank, San
Francisco

13042
2

First National Bank in Greenwich
The First National Bank and Trust Company of New Haven _

14550

Anacostia National Bank of Washington..

CALIFORNIA

CONNECTICUT

DISTRICT OF COLUMBIA

IDAHO

1668

The Idaho First National Bank, Boise
INDIANA

14468
984
869

Gary National Bank, Gary
The Indiana National Bank of Indianapolis
The Merchants National Bank of Indianapolis.

9830
742

Suburban National Bank of Silver Spring
Carroll County National Bank of Westminster _

615
2152

Rockland-Atlas National Bank of Boston _
The Home National Bank of Brockton

MARYLAND

MASSACHUSETTS

14443
13738
13671
14032
13874

Industrial National Bank—Detroit
The Manufacturers National Bank of Detroit.
National Bank of Detroit.-.---.
Michigan National Bank, Lansing
The National Bank of Wyandotte

13708

Capital National Bank in Jackson

MISSISSIPPI

NEW JERSEY

892
1182
329

The Hunterdon County National Bank of Flemington
Hudson County National Bank, Jersey City
First National Bank and Trust Company of Paterson
NEW MEXICO

13814

First National Bank in Albuquerque
13334
2370
12892
1461

NEW YORK

The Bayside National Bank of New York
The Chase National Bank of the City of New York
Lafayette National Bank of Brooklyn in New York
The National City Bank of New York




Other
than
local

Total

29

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE NO. 7.—Number of domestic branches of national banks authorized during the
year ended Dec. 81, 1948—Continued
Branches authorized under act
Feb. 25, 1927, as amended

Charter
No.

Title and location

Other
than
local

Local

NEW YORK

Total

CONTINUED

13149
13295
7612

The Springfield Gardens National Bank of New York
Sterling National Bank & Trust Company of New York
The National City Bank of Troy

13721

First National Bank and Trust Company in Asheville

1
1

1

1
1
1

NORTH CAROLINA
1

1

1
2
1
1
1

1
2
1
1
1

OHIO

4318
786
5065
13920
13586

Central National Bank of Cleveland
The National City Bank of Cleveland
The Ohio National Bank of Columbus
_ __
The Mansfield Savings Trust National Bank, Mansfield
The Union National Bank of Youngstown
OREGON

1553
4514

The First National Bank of Portland
The United States National Bank of Portland.

1
2

1
2

2
4

1

1

PENNSYLVANIA

2634
542
6301
252
1946
13196
4879
604

The Fulton National Bank of Lancaster
Corn Exchange National Bank and Trust Company, Philadelphia
Mellon National Bank and Trust Company, Pittsburgh
Peoples First National Bank & Trust Company, Pittsburgh__
Third National Bank and Trust Company of Scranton
Upper Darby National Bank, Upper Darby
The Warren National Bank, Warren
The York National Bank and Trust Company, York _

13901

Rhode Island Hospital National Bank of Providence _

1

1
14
1
1
1
1
1

1

1

1
1

1
2

1

14
1

1
1

1

RHODE ISLAND

SOUTH CAROLINA

2044
13720

The South Carolina National Bank of Charleston __
The First National Bank of South Carolina of Columbia

14611
14485
13539
13681
13103

American National Bank and Trust Company of Chattanooga.
Commercial National Bank, Knoxville
The Hamilton National Bank of Knoxville
National Bank of Commerce in Memphis
Third National Bank in Nashville

2597

First Security Bank of Utah, National Association, Ogden__ __

1

TENNESSEE

4
1
1
1
2

4
1
1
1
2

UTAH
1

2

3

2
1

2
1

VIRGINIA

1985
9343
1558
2760
10080

The First National Bank of Danville._
American National Bank & Trust Company of Danville __ __
The First National Bank of Lynchburg
_ __
The Peoples National Bank of Lynchburg
The Central National Bank of Richmond -

4375
11280
4668

The National Bank of Commerce of Seattle
Seattle-First National Bank, Seattle
The Old National Bank of Spokane

1
1
1
1
1

WASHINGTON

Total (67 banks)




60

1

1

48

108

30

REPORT OF THE COMPTROLLER OF THE CURRENCY

T A B L E N O . 8.—Number and class of domestic branches of national banks closed during
the year ended Dec. 81, 1948
Branches closed
Branches under act
Feb. 25, 1927, as
amended
Charter
No.

Title and location

7038

First National Bank of Nevada,
Reno _

Manner of
closing

Additional
offices
which
became
branches
Feb. 25,
1927

Branches
authorized
since
Feb. 25,
1927

State
bank
branches
in operation
Feb. 25,
1927,
which
were converted
or consolidated

Total

NEVADA

Board of
Directors

1

I

NEW JERSEY

14145
329

The National Bank of Ocean City_
First Paterson National Bank
and Trust Company, Paterson -

1

1

1

1

1

1

1

1

NEW YORK

2370
11034

The Chase National Bank of the
City of New York
The Public National Bank and
Trust Company of New York_.
PENNSYLVANIA

4374
3383

The Butler County National
Bank of Butler
The Citizens National Bank of
Washington

Shareholders

The South Carolina
Bank of Charleston

National

TENNESSEE

13349

2
Board of
Directors

1
1

Union Planters National Bank &
Trust Company of Memphis .
Total (9 banks)




5
2

SOUTH CAROLINA

2044

5

1
141

14

TABLE NO. 9.—Principal items of assets and liabilities of national banks, by size of banks, according to deposits, Dec. 81, 1947 and 1948
[In thousands of dollars]
Loans and securities
Number of
banks

Cash, balances with
other banks,
including
reserves
with
Federal
Reserve
banks

Deposits
Surplus,
profits
and
reserves

Loans and
discounts,
including
rediscounts
and overdrafts

U.S.
Government obligations—
direct and
guaranteed

Other
bonds and
securities

40
11,274
101
51,497
179
125,181
895 1,092,781
1,875 4,969,491
959 5,535,304
568 7,007,113
192 5,083,448
90 4,902,183
96 14,181,017
16 22,531,134

4,388
16,189
34,949
308,050
1,318,751
1,487,113
1,869,836
1,390,275
1,515,194
5,134,317
8,401,395

5,726
31,008
78,899
691,168
3,168,448
3,451,480
4,478,050
3,248,713
3,016,356
8,209,357
12,446,230

1,160
4,300
11,333
93,563
482,292
596,711
659,227
444,460
370,633
837,343
1,683,509

6,966
20,056
46,224
368,253
1,542,011
1,635,390
2,115,364
1,736,652
1,844,809
5,709,297
7,030,568

128
18,387
424
72,030
1,111
172,668
8,196 1,470,317
38,139 6,554,727
45,248 7,223,875
73,127 9,210,734
51,165 6,888,512
54,040 6,820,889
141,915 20,103,699
172,867 29,911,162

1,432
3,487
7,120
43,532
149,960
146,276
187,349
128,134
122,810
379,482
610,184

15,740
13,863
1,182
64,946
50,131
3,357
157,199
115,105
8,063
970,483
66,880 1,356,904
278,591 6,113,207 4,193,911
298,714 6,759,239 4,469,270
362,258 8,627,724 5,711,521
242,934 6,488,843 4,682,741
254,406 6,407,897 4,938,924
753,366 18,862,807 15,688,178
1,371,807 27,420,850 22,001,283

1,877
14,815
42,094
386,421
1,919,296
2,289,969
2,916,203
1,806,102
1,468,973
3,174,629
5,419,567

5,011 65,490,423

21,480,457

38,825,435

5,184,531

22,075,590

586,360 88,447,000

1,779,766

3,641,558 82,275,356 62,835,410

19,439,946

Banks with deposits of—
$500,000 and under
.
43
12,503
$500,001 to $750,000
109
56,561
$750,001 to $1,000,000..
186
132,467
$1,000,001 to $2,000,000
904 1,107,538
$2,000,001 to $5,000,000
1,836 4,859,674
$5,000,001 to $10,000,000
942 5,332,923
$10,000,001 to $25,000,000 .
587 7,111,703
$25,000,001 to $50,000,000..-.
190 5,083,423
$50,000,001 to $100,000,000 .
87 4,782,477
$100,000,001 to $500,000,000. _
98 14,538,028
$500,000,001 and over _
15 21,029,569

6,112
21,322
47,590
394,337
1,563,202
1,688,015
2,168,260
1,579,644
1,587,600
5,724,309
9,038,122

5,231
30,655
73,702
618,177
2,798,604
3,058,594
4,231,2%
3,014,183
2,805,042
7,909,364
10,435,470

1,160
4,584
11,175
95,024
497,868
586,314
712,207
489,591
389,835
904,355
1,555,977

7,278
21,548
47,739
376,5ft9
1,529,551
1,648,067
2,265,656
1,787,414
1,844,513
6,043,315
7,452,619

19,952
156
78,707
506
181,629
1,301
9,415 1,494,558
40,651 6,434,822
47,855 7,037,291
77,455 9,471,220
55,626 6,944,672
57,711 6,706,157
157,079 20,824,319
179,155 28,941,725

1,532
3,880
7,461
44,918
150,271
143,835
194,553
131,380
126,889
397,357
626,683

15,092
17,157
1,228
54,465
70,320
4,276
119,865
164,288
9,374
975,968
75,986 1,370,121
299,945 5,971,932 4,082,363
310,151 6,565,532 4,351,332
386,604 8,855,954 5,883,955
263,432 6,512,056 4,718,684
251,741 6,294,768 4,826,099
820,623 19,466,681 16,067,712
1,418,769 26,359,207 20,842,342

2,065
15,855
44,423
394,153
1,889,569
2,214,200
2,971,999
1,793,372
1,468,669
3,398,969
5,516,865

23,818,513

34,980,263

5,248,090

23,024,269

626,910 88,135,052

1,828,759

3,842,129 81,648,016 61,937,877

19,710,139

Total

Real
estate
assets

Total
assets

Capital
stock

Total

Demand

Time

1947
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
1948

Total

. . 4,997 64,046,866




32

REPORT OF THE COMPTROLLER OF T H E CURRENCY

TABLE NO. 10.—Number of national banks in United States and possessions with surplus
fund equal to or exceeding common capital stocky and the number with surplus fund
less than common capital stock 19^2 to 1948

Number
of
banks

Banks with surplus
equal to or exceeding
common capital stock
Number

June 30, 1942
Dec. 31, 1942 - _
_
June 30, 1943 _ _ __ _
Dec. 31, 1943
June 30, 1944 , _ _ .
Dec. 30, 1944
June 30, 1945
_
_ _
Dec. 31, 1945
June 29, 1946
Dec. 31, 1946
_ __ ___
June 30, 1947
Dec. 31, 1947 __ __
June 30, 1948
Dec. 31, 1948
__




5,107
5,087
5,066
5,046
5,042
5,031
5,021
5,023
5,018
5,013
5,018
5,011
5,004
4,997

2,115
2,205
2,275
2,434
2,576
2,749
2,946
3,180
3,318
3,531
3,637
3,773
3,820
3,963

Percent
41.41
43.35
44.91
48.24
51.09
54.64
58.67
63.31
66.12
70.44
72.48
75.29
76.34
79.31

Banks with surplus
less than common
capital stock
Number
2,992
2,882
2,791
2,612
2,466
2,282
2,075
1,843
1,700
1,482
1,381
1,238
1,184
1,034

Percent
58.59
56.65
55.09
51.76
48.91
45.36
41.33
36 69
33.88
29.56
27.52
24.71
23.66
20.69

33

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE NO. 11.—Dates of reports of condition of national banks, 1914 to 1948
[For dates of previous calls see report for 1920, vol. 2, table No. 42, p. 150]

1914
1915
1916
1917
1918
1919
1920
1921
1922
1923
1924
1925
1926
1927
1928
1929
1930
1931
1932
1933
1934
1935
1936
1937
1938
1939
1940
1941
1942
1943
1944
1945
1946
1947
1948

Jan.

Feb.

13

Mar.

Apr.

4
4
7
5
4
4
28
21

May

June

1
1
1
10
12
4
28

10

5
3

31
6
12

23
_

28

__

27
27
25
5
4
4
31
7
29
26

_

4
4
___

13
__
_ __

20

_

12

30
23
30
20
29
30
30
30
30
30
30
30
30
30
30
29
30
30
30
30
30
29
30
30
30
30
29
30
30
30
30
30
29
30
30

July

Aug.

Sept.

Oct.

12
2
12
11

31

Nov.

10
17
20
1
17
15

31
12
8
6
15
14

10
28
10
3
4
24
29
30
25
17

1
28
2
24
00

Year

30
6

Dec.
31
31
27
31
31
31
29
31
29
31
31
31
31
31
31
31
31
31
31
30
31
31
31
31
31
30
31
31
31
31
30
31
31
31
31

NOTES

Act of Feb. 25, 1863, provided for reports of condition on the first of each quarter, before commencement of business.
Act of June 3, 1864—First Monday of January, April, July, and October, before commencement of
business, on form prescribed by Comptroller (in addition to reports on first Tuesday of each month
showing condition at commencement of business in respect to certain items; i. e., loans, specie, deposits,
and circulation).
Act of Mar. 3, 1869, not less than 5 reports per year, on form prescribed by Comptroller, at close of
business on any past date by him specified.
Act of Dec. 28, 1922, minimum number of calls reduced from 5 to 3 per year.
Act of Feb. 25, 1927, authorized a vice president or an assistant cashier designated by the board of
directors to verify reports of condition in absence of president and cashier.
Act of June 16, 1933, requires each national bank to furnish and publish not less than 3 reports each
year of affiliates other than member banks, as of dates identical with those for which the Comptroller
shall during such year require reports of condition of the bank. The report of each affiliate shall contain
such information as in the judgment of the Comptroller shall be necessary to disclose fully the relations
between the affiliate and the bank and to enable the Comptroller to inform himself as to the effect of
such relations upon the affairs of the bank.
Sec. 21 (a) of the Banking Act of 1933 provided, in part, that after June 16, 1934, it would be unlawful
for any private bank not under State supervision to continue the transaction of business unless it submitted to periodic examination by the Comptroller of the Currency or the Federal Reserve bank of the
district, and made and published periodic reports of condition the same as required of national banks
under section 5211, U. S. R. S. Sec. 21 (a) of the Banking Act of 1933, however, was amended by section
303 of the Banking Act of 1935, approved Aug. 23, 1935, under the provisions of which private banks
are no longer required to submit to examination by the Comptroller or Federal Reserve bank, nor are
they required to make to the Comptroller and publish periodic reports of condition. (Five calls for
reports of condition of private banks were made by the Comptroller, the first one for June 30, 1934,
and the last one for June 29, 1935.)




TABLE NO. 12
ASSETS AND LIABILITIES OF NATIONAL BANKS ON
APRIL 12, JUNE 30, AND DECEMBER 31, 1948
BY STATES AND TERRITORIES




35

REPORT OF THE COMPTROLLER OF THE CURRENCY

37

Assets and liabilities of national banks, by States, at date of each call during year ended
Dec. 31, 1948
ALABAMA
[In thousands of dollars]

Loans and discounts (including overdrafts)
U. 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 bank..
Reserve with Federal Reserve bank
Currency and coin
Balances with other banks, and cash items in process of collectionBank 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 _

Apr. 12,
1948

June 30,
1948

Dec. 31,
1948

68 banks

68 banks

69 banks

246,959
368,764
70,711
17,441
1,270
131,791
18,704
98,047
6,936
189

243,922
358,459
2
69,779
18,551
1,273
129,499
19,250
89,882
6,856
187

272,212
351,991
2
70,778
18,779
1,312
161,874
18,044
108,011
7,011
170

838
791
1,365
989

880
915
1,694
916

661
1,337
1,807
957

964,795

942,065

1,014,946

537,074
197,201
10
12,327
90,035
59,238
5,140
901,025
701,900
199,125

555,582
192,936
10
14,458
108,172
70,854
7,049
949,061
753,739
195,322

200

524,001
195,804
10
11,671
88,896
52,457
5,807
878,646
681,025
197,621
162
200

791
1,399
1,890
201

1,055
1,368
1,926
423

1,478
1,506
2,260
593

905,506

883,780

955,098

135
18,484
18,619
23,523
11,269
5,878

135
18,609
18,744
23,802
11,389
4,350

19,105
19,105
24,768
11,638
4,337

LIABILITIES

Demand deposits of individuals, partnerships, and corporations
Time deposits of individuals, partnerships, and corporations
Postal savings deposits
Deposits of U.,S. Government
Deposits of States and political subdivisions
Deposits of banks
Other deposits (certified and cashiers' checks, etc.)
Total deposits
Demand deposits
Time deposits
Bills payable, rediscounts, and other liabilities for borrowed money..
Mortgages or other liens on bank premises and 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
Total liabilities _

200

CAPITAL ACCOUNTS

Capital stock:
Preferred stock
Common stock
Total capital stockSurplusUndivided profits
Reserves and retirement account for preferred stock
Total capital accounts
Total liabilities and capital accounts

59,289

58,285

59,848

964,795

942,065

1,014,946

130,805

127,203

138,879

MEMORANDUM

Assets pledged or assigned to secure liabilities and for other purposes.




38

REPORT OF THE COMPTROLLER OF THE CURRENCY

Assets and liabilities of national banks, by States, at date of each call during year ended
Dec. 31, 1948—Continued
ALASKA
[In thousands of dollars]

Loans and discounts (including overdrafts)
U . S . Government securities, direct obligations
Obligations guaranteed by U. S. Government
Obligations of States and political subdivisions
Other bonds, notes, and debentures
Reserve with approved national banking associations
Currency and coin
Balances with other banks, and cash items in process of collection_
Bank premises owned, furniture and fixtures
Real estate owned other than bank premises
Income earned or accrued but not collected
Other assets
Total assets.

Apr. 12,
1948

June 30,
1948

Dec. 31,
1948

4 banks

4 banks

4 banks

5,886
13,232
165
173
5,948
2,941
812
169
18

6,424
12,969

6,568
13,682

179
163
,267
,752
857
194
17

12

134

192
162
8,554
2,195
731
159
25
2
45

29,356

29,956

32,315

16,245
6,918
5
2,828
1,058
105
416
27,575
20,627
6,948

17,782
7,067
5
2,062
853
46
288
28,1Q3
21,002
7,101

18,391
7,233
5
2,324
2,161
40
272
80,426
23,116
7,810

27,576

28,119

30,431

400
775
352
253

400
775
399
263

400
775
388
321

LIABILITIES

Demand deposits of individuals, partnerships, and corporations
Time deposits of individuals, partnerships, and corporations
Postal savings deposits.
Deposits of U. S. Government
Deposits of States and political subdivisions
Deposits of banks
Other deposits (certified and cashiers' checks, etc.)
Total deposits
Demand deposits
Time deposits
Bills payable, rediscounts, and other liabilities for borrowed money..
Other liabilities
Total liabilities.

16

CAPITAL ACCOUNTS

Capital stock: Common stockSurplus.
Undivided profitsReserves
Total capital accounts
Total liabilities and capital accounts

1,780

1,837

1,884

29,356

29,956

32,315

6,249

6,249

6,894

MEMORANDUM

Assets pledged or assigned to secure liabilities and for other purposes




REPORT OF THE COMPTROLLER OF THE CURRENCY

39

and liabilities of national banks, by States, at date of each call during year ended
Dec. 31, 1948—Continued
ARIZONA
[In thousands of dollars]

Loans and discounts (including overdrafts)
U. 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 bank
Reserve
Currencywith
and Federal
coin. Reserve bank
Balances with other banks, and cash items in process of collection..
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
Income earned or accrued but not collected
'_.
O ther assets
Total assets.

Apr. 12,
1948

June 30,
1948

Dec. 31,
1948

3 banks

3 banks

3 banks

129,758
111,311

131,376
98,600

146,276
85,101

7,507
6,626
316
39,156
5,245
20,835
2,285
1

7,707
11,388
316
34,950
5,612
21,718
2,372
1

8,737
6,957
316
41,218
6,179
23,186
2,687
136

204
952
524

277
1,172
798

222
1,119
1,126

324,720

316,287

323,260

198,028
60,619
5
4,443
37,518
3,682
4,842
809,137
248,053
61,084

190,340
60,031
5
3,779
37,226
3,992
4,877
300,250
239,754
60,496

192,408
62,195
5
3,398
39,752
3,434
5,183
806,375
243,715
62,660

1,949
873
52

1,932
873
244

1,921
1,066
339

312,011

303,299

309,701

LIABILITIES

Demand deposits of individuals, partnerships, and corporations
Time deposits of individuals, partnerships, and corporations
Postal savings deposits
Deposits of U. S. Government
Deposits of States and political subdivisions
Deposits of banks
Other deposits (certified and cashiers' checks, etc.)
Total deposits
Demand deposits
Time deposits
Bills payable, rediscounts, and other liabilities for borrowed money.
Income collected but not earned
Expenses accrued and unpaid
Other liabilities
Total liabilities.
CAPITAL ACCOUNTS

Capital stock:
Preferred stock
Common stock
Total capital stockSurplus.
Undivided profits
Reserves and retirement account for preferred stock
Total capital accounts
Total liabilities and capital accounts

700
4,150
4,850
5,675
1,426
758

700
4,150
4,850
5,675
1,678
785

700
4,150
4,850
5,675
2,125

12,709

12,988

13,559

324,720

316,287

323,260

52,925

55,598

56,242

MEMORANDUM

Assets pledged or assigned to secure liabilities and for other purposes




40

REPORT OF THE COMPTROLLER OF THE CURRENCY

Assets and liabilities of national banks, by States, at date of each call during year ended
Dec. 81, 1948—Continued
ARKANSAS
[In thousands of dollars]

Loans and discounts (including overdrafts)
U. 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 bank
Reserve with Federal Reserve bank
Currency and coin
Balances with other banks, and cash items in process of collection..
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
Income earned or accrued but not collected
Other assets
Total asset;

Apr. 12,
1948

June 30,
1948

Dec. 31,
1948

50 banks

50 banks

51 banks

86,641
165,543
31,094
7,883
597
50,217
6,631
55,925
1,974
30

94,123
156,040
1
31,612
7,027
598
47,844
6,780
55,111
1,966
29

109,062
153,839
1
31,130
7,190
609
59,906
7,147
65,767
2,050
44

30
182
113

45
249
79

30
275
116

406,860

401,504

437,166

252,015
56,659
19
5,975
29,519
34,001
2,715
380,903
323,954
56,949

245,582
56,601
24
4,059
35,536
31,437
2,035
375,274
318,380
56,894

267,743
56,807
24
4,541
31,652
45,196
3,945
409,908
352,746
57,162

626
479
1

632
471
186

344
224

382,009

376,563

411,172

150
8,030
8,180
9,910
5,859
902

150
8,030
8,180
9,930
5,971
860

150
8,180
8,330
10,386
6,294
984

LIABILITIES

Demand deposits of individuals, partnerships, and corporations
Time deposits of individuals, partnerships, and corporations
Postal savings deposits
Deposits of U. S. Government
Deposits of States and political subdivisions
Deposits of banks
Other deposits (certified and cashiers' checks, etc.)
Total deposits
Demand deposits
Time deposits
'
Bills payable, rediscounts, and other liabilities for borrowed money _
Income collected but not earned
Expenses accrued and unpaid
Other liabilities
Total liabilities_
CAPITAL ACCOUNTS

Capital stock:
Preferred stock
Common stock
Total capital stockSurplus.
Undivided profits
Reserves and retirement account for preferred stock
Total capital accounts
Total liabilities and capital accounts

24,851

24,941

25,994

406,860

401,504

437,166

18,112

16,755

17,393

MEMORANDUM

A ssets pledged or assigned to secure liabilities and for other purposes.




REPORT OF THE COMPTROLLER OF THE CURRENCY

41

and liabilities of national banks, by States, at date of each call during year ended
Dec. 31, 1948—Continued
CALIFORNIA
[In thousands of dollars]

Loans and discounts (including overdrafts)
U. 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 bank
Reserve with Federal Reserve bank
Currency and coin
Balances with other banks, and cash items in process of collection
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.

Apr. 12,
1948

June 30,
1948

Dec. 31,
1948

94 banks

93 banks

94 banks

3,605,986

3,648,303
/3,958,916
3,990,215
\
841
369,333
395,089
98,800
95,280
12,448
12,450
1,220,654
1,205,118
77,563
81,035
612,933
668,251
63,583
66,109

3,925,509
3,635,027
121
388,438
110,752
12,464
1,435,916
77,798
715,644
70,453

118

129

357

23,848
10,090
23,841
5,627

23,993
15,909
27,290
7,031

24,282
15,493
27,797
10,682

10,111,521

10,209,262

10,450,733

4,552,068
3,737,115

4,549,728
3,736,319

4,658,058
3,716,278

357

356

357

149,910
603,885
248,397
167,735
9,459,467
5,503,030
3,956,437

130,145
708,065
279,984
181,437
9,586,034
5,603,414
3,982,620

133,930
780,203
314,866
201,445
9,805,137
5,794,520
4,010,617

LIABILITIES

Demand deposits of individuals, partnerships, and corporations _
Time deposits of individuals, partnerships, and corporations
Postal savings deposits
Deposits of U. S. Government
Deposits of States and political subdivisions
Deposits of banks
Other deposits (certified and cashiers' checks, etc.)
Total deposits
Demand deposits
Time deposits
Bills payable, rediscounts, and other liabilities for borrowed
money
Acceptances executed by or for account of reporting banks and
outstanding
Income collected but not earned
Expenses accrued and unpaid
Other liabilities
Total liabilities.

600

4,500
13,008
19,612
46,586
54,710

21,345
18,502
37,242
26,184

18,676
18,455
48,408
28,034

9,597,883

9,689,307

9,919,310

1,107
192,182
193,289
197,631
100,362
22,356

674

664

192,852
193,526
198,643
107,701
20,085

193,012
193,676
199,101
117,221
21,425

CAPITAL ACCOUNTS

Capital stock:
Preferred stock
Common stock
Total capital stock_
Surplus _
Undivided profits
Reserves and retirement account for preferred stock
Total capital accounts
Total liabilities and capital accounts
MEMORANDUM
Assets pledged or assigned to secure liabilities and for other
purposes




513,638

519,955

531,423

10,111,521

10,209,262

10,450,733

1,132,762

1,212,366

1,239,248

42

REPORT OF THE COMPTROLLER OF THE CURRENCY

Assets and liabilities of national banks, by States, at date of each call during year ended
Dec. 31, 1948—Continued
COLORADO
[In thousands of dollars]

Loans and discounts (including overdrafts)
U.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 bank
Reserve with Federal Reserve bank
Currency and coin
Balances with other banks, and cash items in process of collection.
Bank premises owned, furniture and fixtures
Real estate owned other than bank premises
Customers' liability on acceptances outstanding
Income earned or accrued but not collected
Other assets
Total assets.

Apr. 12,
1948

June 30,
1948

Dec. 31,
1948

77 banks

77 banks

77 banks

169,601
403,998
23,136
18,653
961
114,882
10,929
118,157
2,475

172,199
391,207

191,322
389,463

23,612
18,355
994
110,833
10,649
110,687
2,483

25,111
17,516
1,008
136,308
9,788
114,819
2,570

1,248
539

5
1,390
695

1,509
427

864,579

843,109

889,857

516,572
169,614
5
14,736
39,166
68,205
6,992
815,290
642,980
172,310
200

552,129
165,477
5
16,277
29,078
67,981
6,678
837,625
670,692
166,933

359
1,540
151

515,075
164,762
5
11,190
31,001
63,694
6,983
792,710
625,244
167,466
200
5
387
1,729
71

817,540

795,102

840,182

13,898
13,957
18,006
11,454
3,622

59
13,923
13,982
19,282
11,060
3,683

LIABILITIES

Demand deposits of individuals, partnerships, and corporations
Time deposits of individuals, partnerships, and corporations
Postal savings deposits
Deposits of U. S. Government
Deposits of States and political subdivisions
Deposits of banks
Other deposits (certified and cashiers' checks, etc.)
Total deposits
Demand deposits
Time deposits
Bills payable, rediscounts, and other liabilities for borrowed money.
Acceptances executed by or for account of reporting banks and
outstanding
Income collected but not earned
Expenses accrued and unpaid
Other liabilities
Total liabilities.

8
397
2,018
134

CAPITAL ACCOUNTS

Capital stock:
Preferred stock
Common stock
Total capital stock
Surplus
Undivided profits
tleserves and retirement account for preferred stock
Total capital accounts
Total liabilities and capital accounts

47,039

48,007

864,579

843,109

68,203

68,508

39
14,085

14J24
19,870
11,888
3,793

MEMORANDUM

Assets pledged or assigned to secure liabilities and for other purposes




73,797

43

REPORT OF THE COMPTROLLER OF THE CURRENCY

Assets and liabilities of national banks, by States, at date of each call during year ended
Dec. 31, 1948—Continued
CONNECTICUT
[In thousands of dollars]

Loans and discounts (including overdrafts)
U. 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 bank
Reserve with Federal Reserve bank
Currency and coin
Balances with other banks, and cash items in process of collection-.
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 _

Apr. 12,
1948

June 30,
1948

Dec. 31,
1948

51 banks

51 banks

51 banks

166,418
39,949
20,649
1,408
72,773
17,714
93,118
8,142
152

169,696
343,983
12
40,034
22,624
1,385
75,490
18,539
90,356
8,161
150

177,392
340,391
12
38,998
23,805
1*370
90,114
15,935
94,383
8,279
146

935
617

2
57
930
411

4
28
972
361

771,752

771,830

792,190

449,136
179,039
15
13,705
27,218
19,083
21,520
709,716
529,149
180,567
2,175

447,509
176,758
15
16,640
33,836
19,369
17,091
711,218
532,676
178,542
115

475,281
175,290
15
15,884
25,793
22,420
16,415
731,098
553,676
177,422
140

979
1,655
371

57
1,060
1,820
630

28
1,142
1,901
682

714,902

714,900

734,991

285
20,821
21,106
22,844
9,901
2,999

285
20,821
21,106
23,004
9,769
3,051

280
20,826
21,106
23,072
10,179
2,842

349,871

LIABILITIES

Demand deposits of individuals, partnerships, and corporations
Time deposits of individuals, partnerships, and corporations
Postal savings deposits
Deposits of U. S. Government
Deposits of States and political subdivisions
Deposits of banks
Other deposits (certified and cashiers' checks, etc.)
Total deposits
Demand deposits
Time deposits
Bills payable, rediscounts, and other liabilities for borrowed money _.
Acceptances executed by or for account of reporting banks and
outstanding
Income collected but not earned
Expenses accrued and unpaid
Other liabilities
Total liabilities CAPITAL ACCOUNTS

Capital stock:
Preferred stock
Common stock
Total capital stock.
Surplus
Undivided profits
Reserves and retirement account for preferred stock
Total capital accounts
Total liabilities and capital accounts

56,850

56,930

57,199

771.752

771,830

792,190

51,458

58,117

60,350

MEMORANDUM

A ssets pledged or assigned to secure liabilities and for other purposes.




44

REPORT OF THE COMPTROLLER OF THE CURRENCY

Assets and liabilities of national banks, by States, at date of each call during year ended
Dec. 31, 1948—Continued
DELAWARE
[In thousands of dollars]

Loans and discounts (including overdrafts)
U. 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 bank
Reserve with Federal Reserve bank
Currency and coin
Balances with other banks, and cash items in process of collection.
Bank premises owned, furniture and fi xtures
Income earned or accrued but not collected
Other assets
Total assets_

Apr. 12,
1948

June 30,
1948

Dec. 31,
1948

13 banks

13 banks

13 banks

12,614
18,521
904
1,882
150
4,257
964
2,889
483

12,813
18,394

13,130
18,548

34

899
1,961
143
4,680
1,104
2,843
479
3
22

853
1,931
143
5,157
874
2,476
478
2
27

42,698

43,341

43,619

22,535
13,054
499
185
335
313
36,921
23,845
13,076
250

22,748
13,156
455
498
330
452
37,639
24,460
13,179
150

23,367
12,942
403
536
290
407
37,945
24,991
12,954
50
2
2
48

37,172

37,834

38,047

25
1,644
1,669
3,078
707
72

25
1,644
1,669
3,081
678
79

1,710
1,710
3,083
709
70

LIABILITIES

Demand deposits of individuals, partnerships, and corporations
Time deposits of individuals, partnerships, and corporations
1
Deposits of U. S. Government
Deposits of States and political subdivisions
Deposits of banks
Other deposits (certified and cashiers' checks, etc.)
Total deposits
Demand deposits
Time deposits
Bills payable, rediscounts, and other liabilities for borrowed money.
Income collected but not earned
Expenses accrued and unpaid
Other liabilities
Total liabilities _
CAPITAL ACCOUNTS

Capital stock:
Preferred stock
Common stock
Total capital stocks
Surplus.
Undivided profits
Reserves and retirement account for preferred stock
Total capital accounts
Total liabilities and capital accounts

5,526

5,507

5,572

42,698

43,341

43,619

1,911

1,844

1,675

MEMORANDUM

Assets pledged or assigned to secure liabilities and for other purposes




REPORT OF THE COMPTROLLER OF THE CURRENCY

45

and liabilities of national banks, by States, at date of each call during year ended
Dec. 31, 1948—Continued
DISTRICT OF COLUMBIA
[In thousands of dollars]
Apr. 12,
1948

June 30,
1948

Dec. 31,
1948

9 banks

9 banks

9 banks

139,549
287,923
1,560
26,644
794
98,349
13,543
53,543
6,467
118
471
1,029

143,711
279,936
21
1,660
25,723
795
99,115
12,443
56,907
6,525
117
352
711

145,299
280,562

629,990

628,016

635,923

412,125
106,326
25
12,604
126
39,626
21,097
591,929
485,078
106,851
2,000
317
942
495

416,659
104,905
25
15,077
117
41,119
12,348
590,250
484,820
105,430

423,358
100,933
25
13,135
92
47,008
13,898
598,449
496,991
101,458

356
1,311
1,768

407
1,547
834

595,683

593,685

601,237

11,300
14,700
6,764
1,543

11,300
14,775
6,944
1,312

11,400
14,850
7,218
1,218

ASSETS

Loans and discounts (including overdrafts)
U. 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 bank
Reserve with Federal Reserve bank
Currency and coin
*_
Balances with other banks, and cash items in process of collection-.
Bank premises owned, furniture and fixtures
Real estate owned other than bank premises
Income earned or accrued but not collected
Other assets
Total assets

1,237
25,662
787
109,200
10,928
54,777
6,623
106
342
400

LIABILITIES

Demand deposits of individuals, partnerships, and corporations
Time deposits of individuals, partnerships, and corporations
Postal savings deposits
Deposits of U. S. Government
Deposits of States and political subdivisions
Deposits of banks
Other deposits (certified and cashiers' checks, etc.)
Total deposits
Demand deposits
Time deposits
Bills payable, rediscounts, and other liabilities for borrowed money _.
Income collected but not earned
Expenses accrued and unpaid
Other liabilities
Total liabilities
CAPITAL ACCOUNTS

Capital stock: Common stock
Surplus
Undivided profits
Reserves
Total capital accounts
Total liabilities and capital accounts

34,307

34,331

34,686

629,990

628,016

635,923

30,577

35,050

33,121

MEMORANDUM

Assets pledged or assigned to secure liabilities and for other purposes




46

REPORT OF THE COMPTROLLER OF THE CURRENCY

and liabilities of national banks, by States, at date of each call during year ended
Dec. 31, 1948—Continued
FLORIDA
[In thousands of dollars]

Loans and discounts (including overdrafts)
U.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 bank
Reserve with Federal Reserve bank
,.
Currency and coin
Balances with other banks, and cash items in process of collection. _
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
O ther assets
Total assets.

Apr. 12,
1948

June 30,
1948

Dec. 31,
1948

61 banks

61 banks

61 banks

231,969
632,750

226,901
608,100

239,045
541,322

58,840
19,137
1,811
158,299
23,738
198,699
12,561
324

60,115
18,165
1,828
140,087
22,312
156,395
12,697
286

58,048
17,469
1,848
158,842
21,942
176,157
12,772
466

91

90

2,397
870

2,427
674

87
15
2,314
779

1,341,486 1,250,077

1,231,606

LIABILITIES

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

Bills payable, rediscounts, and other liabilities for borrowed money. _
Acceptances executed by or for account of reporting banks and
outstanding
Income collected but not earned
Expenses accrued and unpaid
Other liabilities
Total liabilities _

781,410
199,174
56
18,380
141,015
112,149
11,198
,263,382
,043,560
219,822

719,453
195,380
61
15,096
127,089
104,334
10,224
,171,637
954,300
217,337

700,517
190,325
61
12,173
129,917
108,808
9,910
,151,711
950,751
200,960
35

1,327
3,000
219

1,394
2,854
586

15
1,486
2,804
555

1,267,928 1,176,471

1,156,606

CAPITAL ACCOUNTS

Capital stock: Common stock.
Surplus.
Undivided profits .
Reserves
Total capital accounts
Total liabilities and capital accounts

27,100
32,020
9,688
4,750

27,100
32,843
9,532
4,131

73,558

73,606

75,000

1,341,486 1,250,077

1,231,606

27,100
34,241
9,344
4,315

MEMORANDUM

Assets pledged or assigned to secure liabilities and for other purposes.




266,540

265,567

262,888

REPORT OF THE COMPTROLLER OF THE CURRENCY

47

Assets and liabilities of national banks, by States, at date of each call during year ended
Dec. 31, 1948—Continued
GEORGIA
[In thousands of dollars]
Apr. 12,
1948

June 30,
1948

Dec. 31,
1948

51 banks

51 banks

50 banks

311,771
345,662
30,930
16,896
1,336
131,879
16,209
121,380
7,389
236
19
1,323
769

311,141
340,013

320,781
321,256

33,941
16,434
1,336
134,959
16,064
134,725
7,467
239
11
1,457
678

30,876
16,456
1,343
159,825
13,767
154,363
7,827
333

985,799

998,465

1,028,755

548,985
165,964
30
17,447
71,025
118,222
3,554
925,227
757,449
167,778
800

555,130
165,874
30
14,831
82,718
114,377
4,907
937,867
770,428
167,444
879

556,667
160,323
30
15,629
77,807
146,722
10,652
967,830
806,145
161,685

19
2,221
2,569
151

11
2,162
2,651
816

2,349
2,620
1,029

930,987

944,386

973,828

19,272
20,946
8,175
6,419

19,272
21,118
8,292
5,397

19,172
21,583
8,137
6,035

ASSETS

Loans and discounts (including overdrafts)
U. 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 bank
Reserve with Federal Reserve bank
Currency and coin
Balances with other banks, and cash items in process of collection.
Bank premises owned, furniture and fixtures
•_.
Real estate owned other than bank premises
Customers' liability on acceptances outstanding
Income earned or accrued but not collected
Other assets
Total assets

1,446
482

LIABILITIES

Demand deposits of individuals, partnerships, and corporations
Time deposits of individuals, partnerships, and corporations
Postal savings deposits
Deposits of U. S. Government
Deposits of States and political subdivisions
Deposits of banks
Other deposits (certified and cashiers' checks, etc.)
Total deposits
Demand deposits
Time deposits
Bills payable, rediscounts, and other liabilities for borrowed money_
Acceptances executed by or for account of reporting banks and
outstanding
Income collected but not earned
Expenses accrued and unpaid
Other liabilities
Total liabilities
CAPITAL ACCOUNTS

Capital stock: Common stock
Surplus
Undivided profits
^
Reserves
Total capital accounts
Total liabilities and capital accounts

54,812

54,079

54,927

985,799

998,465

1,028,755

114,780

123,268

129,219

MEMORANDUM

Assets pledged or assigned to secure liabilities and for other purposes




48

REPORT OF THE COMPTROLLER OF THE CURRENCY

Assets and liabilities of national banks, by States, at date of each call during year ended
Dec. 31, 1948—Continued
THE TERRITORY OF HAWAII
[In thousands of dollars]

Loans and discounts (including overdrafts)
U. S. Government securities, direct obligations
Obligations guaranteed by U. S. Government
Obligations of States and political subdivisions
Other bonds, notes, and debentures
Reserve with approved national banking associations
Currency and coin
Balances with other banks, and cash items in process of collection _
Bank premises owned, furniture and fixtures
Real estate owned other than bank premises
Customers' liability on acceptances outstanding
Income earned or accrued but not collected
Other assets
Total assets.

Apr. 12,
1948

June 30,
1948

Dec. 31,
1948

1 bank

1 bank

1 bank

48,591
131.909

52,327
124,941

58,972
111,904

3,453
2,628
11,350
14,651
7,185
2,222
48
694
294

3,548
2,531
19,492
13,272
6,778
2,105
85
49
547
423

4,457
2,431
16,557
13,182
8,172
2,109
76
9
535
289

223,025

226,098

218,693

58,819
115,177
10
20,279
13,265
1,603
2,218
211,371
96,090
115,281

53,012
107,768
10
35,718
15,181
1,180
2,069
214,938
103,556
111,382

54,184
105,053
10
28,562
15,045
1,264
3,016
207,134
99,229
107,905

48
33
320
265

49
37
218
30

47
334
19

212,037

215,272

207,543

4,000
3,600
804
2,584

4,000
4,000
642
2,184

4,000
4,000
965
2,185

LIABILITIES

Demand deposits of individuals, partnerships, and corporations-__
Time deposits of individuals, partnerships, and corporations
Postal savings deposits
Deposits of tJ. S. Government
Deposits of States and political subdivisions
Deposits of banks
Other deposits (certified and cashiers' checks, etc.)
Total deposits
Demand deposits
Time deposits

Bills payable, rediscounts, and other liabilities for borrowed money.
Acceptances executed by or for account of reporting banks and
outstanding
Income collected but not earned
Expenses accrued and unpaid
Other liabilities
Total liabilities _
CAPITAL ACCOUNTS

Capital stock: Common stock_
Surplu
Undivided profits _
Reserves
Total capital accounts
Total liabilities and capital accounts

10,988

10,826

11,150

223,025

226,098

218,693

99,341

82,489

75,789

MEMORANDUM

Assets pledged or assigned to secure liabilities and for other purposes




49

REPORT OF THE COMPTROLLER OF THE CURRENCY

Assets and liabilities of national banks, by States, at date of each call during year ended
Dec. 81, 1948—Continued
IDAHO
[In thousands of dollars]

Loans and discounts (including overdrafts)
U. 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 bank
Reserve with Federal Reserve bank
Currency and coin
Balances with other banks, and cash items in process of collectionBank premises owned, furniture and fixtures
Income earned or accrued but not collected
Other assets
Total assets _

Apr. 12,
1948

June 30,
1948

Dec. 31,
1948

15 banks

15 banks

15 banks

77,132
4,637
1,041
300
39,067
4,918
28,296
2,215
16
185

80,964
174,590
35
4,995
985
302
37,676
4,713
21,493
2,316
23
214

98,119
163,680
8
6,513
910
335
44,894
5,072
29,453
2,464
25
142

343,647

328,306

351,615

205,682
73,853
11
7,017
36,851
3,315
2,129
328,858
254,252
74,606

191,378
71,384
11
4,926
39,979
3,294
2,303
313,275
241,163
72,112

207,246
71,282
11
4,321
46,003
4,216
3,068
336,147
264,141
72,006

203
472
141

241
609
182

268
530
162

329,674

314,307

337,107

5

5
4,680
4,685
5,421
3,045
848

5
5,680
5,685
5,613
2,616
591

185.840

LIABILITIES

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

Bills payable, rediscounts, and other liabilities for borrowed money.
Income collected but not earned
Expenses accrued and unpaid
Other liabilities
Total liabilitiesCAPITAL, ACCOUNTS

Capital stock:
Preferred stock
Common stock
Total capital stockSurplus.
Undivided profits
Reserves and retirement account for preferred stock
Total capital accounts
Total liabilities and capital accounts

4,680
4,685
5,370
2,723
1,195
13,973

13,999

14,508

343,647

328,306

351,615

60,943

64,864

67,916

MEMORANDUM

Assets pledged or assigned to secure liabilities and for other purposes.




50

REPORT OF THE COMPTROLLER OF THE CURRENCY

Assets and liabilities of national banks, by States, at date of each call during year ended
Dec. 31, 1948—Continued
ILLINOIS
[In thousands of dollars]
Apr. 12,
1948

June 30,
1948

Dec. 31,
1948

378 banks

378 banks

381 banks

1,984,921
3,976,173
314,978
192,747
12,488
1,245,702
77,305
734,340
28,621

2,049,159
4,008,176
7
284,257
193,109
12,652
1,333,086
81,609
784,442
28,852
925

2,161,148
3,957,029-

1,175
3,093
16,502
7,065

1,179
4,662
16,637
6,533

1,099
6,434
18,197
6,099

8,595,798

8,805,285

9,134,363

4,600,139
1,781,953
74
158,673
445,148
978,482
58,991
8,023,460
6,110,388
1,913,072

4,633,080
1,808,901
74
141,284
561,166
1,015,990
69,384
8,229,879
6,288,597
1,941,282

4,900,156
1,862,615
74
179,300
503,044
1,025,858
69,913
8,540,960
6,547,180
1,993,780

ASSETS

Loans and discounts (including overdrafts)
U. 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 bank
Reserve with Federal Reserve bank
Currency and coin
Balances with other banks, and cash items in process of collection
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
Demand deposits of individuals, partnerships, and corporations_
Time deposits of individuals, partnerships, and corporations
Postal savings deposits
Deposits of U. S. Government
Deposits of States and political subdivisions
Deposits of banks
Other deposits (certified and cashiers' checks, etc.)
Total deposits
Demand deposits
Time deposits

Bills payable, rediscounts, and other liabilities for borrowed
money
Acceptances executed by or for account of reporting banks and
outstanding
Income collected but not earned
Expenses accrued and unpaid
Other liabilities
Total liabilities.

7
299,683
190,34a
13,436
1,541,221
75,760
833,673
29,495
739

3,890

75

3,755
7,644
23,823
6,336

5,318
7,824
19,544
7,058

6,854
8,760
19,833
7,546

8,068,908

8,269,698

8,583,953

64
15
189,190
189,269
214,635
72,599
50,387

64
15
189,865
189,944
226,470
71,849
47,324

CAPITAL ACCOUNTS

Capital stock:
Class A preferred stock
Class B preferred stock
Common stock
Total capital stock

Surplus
Undivided profits
Reserves and retirement account for preferred stock
Total capital accounts
Total liabilities and capital accounts

1,554
15
205,765
207,334
234,735
61,304
47,037

526,890

535,587

550,410

8,595,798

8,805,285

9,134,363

738,920

765,187

770,712

MEMORANDUM

Assets pledged or assigned to secure liabilities and for other
purposes




REPORT OF THE COMPTROLLER OF THE CURRENCY

51

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1948—Continued
INDIANA
[In thousands of dollars]
Apr. 12,
1948

June 30,
1948

Dec. 31,
1948

125 banks

125 banks

125 banks

315,694
813,532
62,358
37,406
1,967
194,758
30,061
166,020
9,531

318,882
813,526
22
63,497
38,234
1,986
196,555
33,175
185,545
9,569
105

336,095
804,950
22
66,237
40,2562,114
230,728
32,574
191,996
9,912
7

98
35
2,162
1,332

98
90
2,340
1,090

94
33
2,690
1,038

1,635,042

1,664,714

1,718,746

833,164
400,967
290
37,713
164,789
85,651
18,716
1,51>1,29O
1,136,113
U05,177

835,813
402,030
290
31,743
189,208
88,744
22,120
1,569,9^8
1,163,976
U05,972

899,266
412,644
134
29,783
159,030
98,69&
21,179
1,620,732
l,20U,637
A16,095
50

35
1,446
2,333
279

90
1,552
2,582
673

33
1,783
2,647
779

1,545,383

1,574,845

1,626,024

130
75
27,410
27,615
37,478
19,211
5,355

55
75
27,710

55
75
28,73528,865
39,847
18,637
5,373

ASSETS

Loans and discounts (including overdrafts)
U. 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 bank
Reserve with Federal Reserve bank
Currency and coin
Balances with other banks, and cash items in process of collection.
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
LIABILITIES

Demand deposits of individuals, partnerships, and corporations. _
Time deposits of individuals, partnerships, and corporations
Postal savings deposits
Deposits of U. S. Government
Deposits of States and political subdivisions
Deposits of banks
Other deposits (certified and cashiers' checks, etc.)
Total deposits
Demand deposits
Time deposits
Bills payable, rediscounts, and other liabilities for borrowed money
Acceptances executed by or for account of reporting banks and
outstanding
Income collected but not earned
_.
Expenses accrued and unpaid
Other liabilities
Total liabilities
CAPITAL ACCOUNTS

Capital stock:
Class A preferred stock
Class B preferred stock
Common stock
Total capital stock
Surplus
Undivided profits
Reserves and retirement account for preferred stock
Total capital accounts
Total liabilities and capital accounts

27,81*0

38,262
18,673
5,094

89,659

89,869

92,722

1,635,042

1,664,714

1,718,746

73,720

77,407

82,141

MEMORANDUM

Assets pledged or assigned to secure liabilities and for other
purposes




52

REPORT OF THE COMPTROLLER OF THE CURRENCY

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1948—Continued
IOWA
[In thousands of dollars]
Apr. 12,
1948

June 30,
1948

Dec. 31,
1948

96 banks

96 banks

98 banks

ASSETS

Loans and discounts (including overdrafts)
U. 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 bank
Reserve with Federal Reserve bank
Currency and coin
Balances with other banks, and cash items in process of collection_
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
Income earned or accrued but not collected
Other assets
Total assets

161,361
342,633
60,824
19,329
917
96,404
10,924
92,314
3,366
21

158,325
340,695
466
60,297
19,056
920
100,062
11,160
96,962
3,375
21

180,498
302,682
142
59,169
17,186
935
110,939
10,243
102,954
3,431
18

1,201
851
314

1,186
874
278

1,240
926
289

790,459

793,677

790,652

388,658
147,248
52
33,758
85,037
88,246
4,510
7U7,509
597,812
U9,697

392,061
146,545
52
24,781
86,671
96,066
4,821
750,997
601,896
11*9,101

402,307
144,917
52
19,456
73,664
94,528
11,172
71*6,096
599,167
11*6,929
200
545
692
170

LIABILITIES

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

Bills payable, rediscounts, and other liabilities for borrowed money
Income collected but not earned
Expenses accrued and unpaid
Other liabilities
Total liabilities
Capital stock:
Preferred stock
Common stock

498
725
27

539
681
45

748,759

752,262

747,703

CAPITAL ACCOUNTS

Total capital stock

Surplus
Undivided profits
Reserves and retirement account for preferred stock
Total capital accounts

__

Total liabilities and capital accounts

30
12,669

30
12,669

30
12,794

12,699

12,699

12,821*

17,874
7,901
3,226

18,054
8,099
2,563

18,698
8,825
2,602

41,700

41,415

42,949

790,459

793,677

790,652

51,865

50,055

45,573

MEMORANDUM

Assets pledged or assigned to secure liabilities and for other
purposes




53

REPORT OF THE COMPTROLLER OF THE CURRENCY

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1948—Continued
KANSAS
[In thousands of dollars]
Apr. 12,
1948

June 30,
1948

Dec. 31,
1948

174 banks

174 banks

174 banks

179,288
390,546
37,924
30,870
1,016
116,429
9,555
113,428
3,660
39

184,019
384,049
79
39,063
30,143
1,017
118,914
10,408
114,741
3,686
38

114
98
580
739

103

103

657
985

763
789

884,286

887,902

954,199

541,845
76,021
38
27,198
114,984
68,558
7,963
836,607
757,89k
78,713
150
5

548,753
75,512
36
14,607
115,732
76,958
8,204
839,802
761A99
78,303
100
5

587,715
76,387
36
14,160
135,896
80,179
10,091
90k,h6U
825,199
79,265
135
5

98
473
1,017
188

531
1,117
245

585
1,183
238

838,538

841,800

906,610

23
15,987
16,010
17,748
10,297
1,693

23
15,997
16,020
18,019
10,524
1,539

23
16,772
16,795
19,121
10,182
1,491

ASSETS

Loans and discounts (including overdrafts)
U.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 bank
Reserve with Federal Reserve bank
Currency and coin
Balances with other banks, and cash items in process of collection.
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

234,633
360,681
81
44,929
25,796
1,069
139,322
9,045
133,114
3,814
60

LIABILITIES

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

Bills payable, rediscounts, and other liabilities for borrowed money
Mortgages or other liens on bank premises and 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
Total liabilities
CAPITAL ACCOUNTS

Capital stock:
Preferred stock
Common stock
Total capital stock
Surplus
Undivided profits
Reserves and retirement account for preferred stock
Total capital accounts
Total liabilities and capital accounts

45,748

46,102

47,589

884,286

887,902

954,199

138,712

133,344

148,587

MEMORANDUM
Assets pledged or assigned to secure liabilities and for other
purposes




REPORT OF THE COMPTROLLER OF THE CURRENCY

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. SI, 1948—Continued
KENTUCKY
[In thousands of dollars]
Apr. 12,
1948

June 30,
1948

Dec. 31,
1948

93 banks

92 banks

92 banks

ASSETS

Loans and discounts (including overdrafts)
U.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 bank
Reserve with Federal Reserve bank
Currency and coin
Balances with other banks, and cash items in process of collection.
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
Income earned or accrued but not collected
Other assets
.
Total assets

151,270
295,008
21,936
18,325
982
79,346
12,185
61,728
3,574
24

152,679
278,248
4
21,490
17,800
994
73,512
11,873
56,196
3,560
22

164,336
274,777
4
20,667
14,867
994
93,120
12,462
95,546
3,971
24

39
720
335

76
619
281

16
787
347

645,472

617,354

681,918

418,046
109,915
16
10,646
27,702
31,422
4,215
601,962
1*91,077
110,885
1,013
630
773
195

378,553
109,915
16
9,050
27,798
32,136
17,629
575,097
U6U,070
111,027
211
665
717
461

443,457
108,344
16
6,244
28,832
46,674
5,601
639,168
529,809
109,359

604,573

577,151

641,141

420
13,615
1U,O35
18,845
6,387
1,632

390
13,545
13,935
19,027
5,864
1,377

300
13,635
13,935
19,329
6,310
1,203

LIABILITIES

Demand deposits of individuals, partnerships, and corporations_
Time deposits of individuals, partnerships, and corporations
Postal savings deposits
Deposits of U. S. Government
Deposits of States and political subdivisions
Deposits of banks
Other deposits (certified and cashiers' checks, etc.)__
Total deposits
Demand deposits
Time deposits

-

Bills payable, rediscounts, and other liabilities for borrowed money
Income collected but not earned
Expenses accrued and unpaid
Other liabilities
Total liabilities

666
775
532

CAPITAL ACCOUNTS

Capital stock:
Preferred stock
Common stock
Total capital stock
Surplus
Undivided profits
[Reserves and retirement account for preferred stock
Total capital accounts
Total liabilities and capital accounts

40,899

40,203

40,777

645,472

617,354

681,918

45,809

45,083

44,632

MEMORANDUM
Assets pledged or assigned to secure liabilities and for other
purposes




REPORT OF THE COMPTROLLER OF THE CURRENCY

55

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1948—Continued
LOUISIANA
[In thousands of dollars]

Loans and discounts (including overdrafts)
U . 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 bank
Reserve with Federal Reserve bank
Currency and coin
Balances with other banks, and cash items in process of collection.
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-

Apr. 12,
1948

June 30,
' 1948

Dec. 31,
1948

34 banks

34 banks

34 banks

232,084
518,629
57,855
10,429
1,827
170,774
15,020
140,007
8,969
243

231,708
541,186

271,312
514,900

59,329
9,085
1,840
153,531
14,227
133,164
8,967

56,795
8,231
1,852
193,959
14,486
160,561
8,799
288

185
2,669
2,083
1,650

185
2,389
2,842
1,453

108
3,991
3,145
1,177

1,162,424

1,159,995

1,239,604

601,548
192,468
59
14,147
144,454
141,286
6,934
1,100,896
903,^12
197, h8h

602,652
190,775
59
14,488
148,693
133,928
6,844
l,097,U39
902,039
195,400
300

623,238
187,169
59
13,436
160,633
175,859
13,040
1,173 A3U
981,779
191,655

3,680
579
2,351
673

3,046
606
3,180
517

5,707
686
3,147
717

1,108,179

1,105,088

1.183.69J

47
17,323
17,370
25,559
10,147
1,169

47
17,323
17,370
26,022
10,108
1,407

17,498
17,U98
26,470
10,601
1,344

LIABILITIES

Demand deposits of individuals, partnerships, and corporations._
Time deposits of individuals, partnerships, and corporations
Postal savings deposits
Deposits of U. S. Government
Deposits of States and political subdivisions
Deposits of banks
Other deposits (certified and cashiers' checks, etc.)
Total deposits
Demand deposits
Time deposits
Bills payable, rediscounts, and other liabilities for borrowed money
Acceptances executed by or for account of reporting banks and
outstanding
Income collected but not earned
Expenses accrued and unpaid
Other liabilities
Total liabilities
CAPITAL ACCOUNTS

Capital stock:
Preferred stock
Common stock
Total capital stock
Surplus
Undivided profits
Reserves and retirement account for preferred stock
Total capital accounts
Total liabilities and capital accounts

54,245

54,907

55,913

1,162,424

1,159,995

1,239,604

195,728

211,489

227,540

MEMOBANDUM

Assets pledged or assigned to secure liabilities and for other
purposes




56

REPORT OF THE COMPTROLLER OF THE CURRENCY

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1948—Continued
MAINE
[In thousands of dollars]
Apr. 12,
1948

June 30,
1948

Dec. 31,
1948

33 banks

33 banks

33 banks

ASSETS

Loans and discounts (including overdrafts)
U. 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 bank
Reserve with Federal Reserve bank
Currency and coin
Balances with other banks, and cash items in process of collectionBank premises owned, furniture and fixtures
Real estate owned other than bank premises
Investments and other assets indirectly representing bank premises or other real estate
Income earned or accrued but not collected
Other assets
Total assets

64,458
112,988
5,693
8,551
564
23,063
5,393
21,858
1,078
27

65,591
111,885
11
6,650
8,516
565
23,642
6,374
19,360
1,074
26

74,963
99,695
11
5,110
7,545
570
27,671
5,057
21,821
1,046
26

275
196
361

265
225
272

290
231
303

244,505

244,456

244,339

111,767
90,961
7
4,040
6,860
6,261
1,009
220,905
129,156
91,7U9
475
337
288
26

111,913
90,007
7
4,268
7,303
5,901
1,890
221,289
130,U2
90,84.7
400
365
286
203

114,280
88,636
6
3,831
7,485
5,196
1,805
221,239
131,723
89,516

222,031

222,543

222,172

7,765
8,671
4,793
1,245

7,790
8,714
4,537
872

7,790
8,893
4,634
850

LIABILITIES

Demand deposits of individuals, partnerships, and corporations__
Time deposits of individuals, partnerships, and corporations
Postal savings deposits
Deposits of U. S. Government
Deposits of States and political subdivisions
Deposits of banks
Other deposits (certified and cashiers' checks, etc.)
Total deposits
Demand deposits
Time deposits
Bills payable, rediscounts, and other liabilities for borrowed money
Income collected but not earned
Expenses accrued and unpaid
Other liabilities
Total liabilities

380
303
250

CAPITAL ACCOUNTS

Capital stock: Common stock
Surplus
Undivided profits
Reserves

Total capital accounts
Total liabilities and capital accounts

22,474

21,913

22,167

244,505

244,456

244,339

14,238

14,798

14,667

MEMORANDUM

Assets pledged or assigned to secure liabilities and for other
purposes




57

REPORT OF THE COMPTROLLER OF THE CURRENCY

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1948—Continued
MARYLAND
[In thousands of dollars]
Apr. 12,
1948

June 30,
1948

Dec. 31,
1948

62 banks

62 banks

61 bank

ASSETS

Loans and discounts (including overdrafts)
U. 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 bank
Reserve with Federal Reserve bank
Currency and coin
Balances with other banks, and cash items in process of collection.
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

128,744
387,491

141,077
368,252

8,950
14,351
1,096
84,033
12,295
75,682
4,634
34

128,101
382,023
7
9,658
15,384
1,098
90,482
13,389
78,891
4,659
52

4
282
1,386
711

4
303
876
568

4
129
951
655

719,693

725,495

741,018

373,695
169,359
8
12,496
49,937
59,945
2,697
668,137
A95J79
172,358
400

373,120
168,050
8
13,657
48,445
67,911
2,700
673,891
502,920
170,971

395,859
169,114
5
14,056
40,501
66,205
2,514
688,254.
516,156
172,098

7
12,731
16,382
1,121
103,878
12,002
78,910
4,879
40

LIABILITIES

Demand deposits of individuals, partnerships, and corporations. _
Time deposits of individuals, partnerships, and corporations
Postal savings deposits
Deposits of U. S. Government
Deposits of States and political subdivisions
Deposits of banks
Other deposits (certified and cashiers' checks, etc.)
Total deposits
Demand deposits
Time deposits
Bills payable, rediscounts, and other liabilities for borrowed money
Acceptances executed by or for account of reporting banks and
outstanding
Income collected but not earned
Expenses accrued and unpaid
Other liabilities
Total liabilities

282
209
540
70

303
212
555
461

129
261
484
848

669,638

675,422

689,976

14,195
22,180
9,219
4,461

14,195
22,368
8,874
4,636

14,470
22,966
9,125
4,481

CAPITAL ACCOUNTS

Capital stock: Common stock
Surplus
Undivided profits
Reserves
Total capital accounts
Total liabilities and capital accounts

50,055

50,073

51,042

719,693

725,495

741,018

103,121

102,021

103,292

MEMORANDUM

Assets pledged or assigned to secure liabilities and for other
purposes




58

REPORT OF THE COMPTROLLER OF THE CURRENCY

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1948—Continued
MASSACHUSETTS
[In thousands of dollars]
Apr. 12,
1948

June 30,
1948

Dec. 31,
1948

121 banks

121 banks

120 banks

ASSETS

Loans and discounts (including overdrafts)
U. 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 bank
Reserve with Federal Reserve bank
Currency and coin
_—
Balances with other banks, and cash items in process of collection.
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

900,514
912,063
1,282,737 / 1,243,479
198
69,329
50,535
51,187
51,085
5,761
5,962
419,081
398,975
55,260
49,222
231,761
232,724
23,827
24,101
60
53

889,736
1,269,739
44
37,478
46,726
5,777
479,007
44,990
257,442
23,972
79

250
18,890
6,549
13,706

244
23,895
5,691
9,941

245
24,419
6,598
8,838

3,046,852

3,040,228

3,095,090

1,774,851
504,681
76
46,927
117,640
267,195
35,356
2,7^6,726
2,238,075
508,651
4,495

1,770,621
500,534
76
49,169
98,162
283,618
36,707
2,738,887

1,778,788
483,848
69
61,182
144,791
284,373
38,876
2,791,927
2,302,790
U89,137
800

19,815
4,354
9,995
9,385

25,011
4,453
9,082
10,881

25,193
4,720
9,500
9,262

2,794,770

2,789,194

2,841,402

LIABILITIES

Demand deposits of individuals, partnerships, and corporations._
Time deposits of individuals, partnerships, and corporations
Postal savings deposits
Deposits of U. S. Government
Deposits of States and political subdivisions
Deposits of banks
Other deposits (certified and cashiers' checks, etc.)
Total deposits
Demand deposits
Time deposits
Bills payable, rediscounts, and other liabilities for borrowed money
Acceptances executed by or for account of reporting banks and
outstanding
Income collected but not earned
Expenses accrued and unpaid
Other liabilities
Total liabilities

50U,U85
880

CAPITAL ACCOUNTS

Capital stock:
Preferred stock
Common stock
Total capital stock
Surplus
Undivided profits
Reserves and retirement account for preferred stock
Total capital accounts
Total liabilities and capital accounts

104
74,193
7U,297
116,664
41,100
20,021

104
74,193
7^,297
116,794
41,945
17,998

104
73,942
7U,0U6
120,786
40,473
18,383

252,082

251,034

253,688

3,046,852

3,040,228

3,095,090

127,428

128,939

140,518

MEMORANDUM

Assets pledged or assigned to secure liabilities and for other
purposes
^




REPORT OF THE COMPTROLLER OF THE CURRENCY

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. SI, 1948—Continued
MICHIGAN
[In thousands of dollars]
Apr. 12,
1948

June 30,
1948

Dec. 31,
1948

78 banks

78 banks

78 banks

ASSETS

Loans and discounts (including overdrafts)
U.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 bank
Reserve with Federal Reserve bank
Currency and coin
Balances with other banks, and cash items in process of collection.
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

602,938
600,968
1,204,245 / 1,220,185
\
19
85,731
88,765
70,597 • 74,375
3,598
3,608
314,366
315,607
41,981
44,720
211,076
217,085
11,069
11,635
39
14

607,868
1,223,178
19
89,020
72,307
3,621
384.922;
40,896
235,210
12,604
152

30
5,642
2,127

1,093
43
5,183
2,209

1,160
95
5,815
2,005

2,554,437

2,585,509

2,678,872

1,252,811
820,411
35
84,843
99,635
124,006
21,602
2,1*03,3^3
1,575,1*87
827,856

1,287,449
1,354,802
817,025
818,861
35
35
97,229
80,293
103,711
92,057
130,550
131,729
19,549
25,818
2,1*36.21*2 2,522,901
1,699,708
1,611,201
823,19 S
825,01*1

LIABILITIES

Demand deposits of individuals, partnerships, and corporations. _
Time deposits of individuals, partnerships, and corporations
Postal savings deposits
Deposits of U. S. Government
Deposits of States and political subdivisions
Deposits of banks
Other deposits (certified and cashiers' checks, etc.)
Total deposits
Demand deposits
Time deposits
Bills payable, rediscounts, and other liabilities for borrowed money
Acceptances executed by or for account of reporting banks and
outstanding
Income collected but not earned
Expenses accrued and unpaid
Other liabilities
Total liabilities

30
5,571
7,817
770

95
6 248

6,658-4,092

2,417,531

2,449,598

2,539,994

1,000
10
39,685
U0,695
65,489
18,091
12,631

1,000
10
39,745

39,805

CAPITAL ACCOUNTS

Capital stock:
Class A preferred stock
Class B preferred stock
Common stock
Total capital stock
Surplus
Undivided profits
Reserves and retirement account for preferred stock

1*0,755
65,808
19,545
9,803

Total capital accounts

1,000

1*0,805
66,18Q
22,406
9,487
138,878

Total liabilities and capital accounts

2,6787872

MEMORANDUM

Assets pledged or assigned to secure liabilities and for other
purposes




149,803

149,772

163,020

60

REPORT OF THE COMPTROLLER OF THE CURRENCY

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1948—Continued
MINNESOTA
[In thousands of dollars]

Loans and discounts (including overdrafts)
U. 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 bank
Reserve with Federal Reserve bank
Currency and coin
Balances with other banks, and cash items in process of collection.
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

Apr. 12,
1948

June 30,
1948

Dec. 31,
1948

178 banks

178 banks

178 banks

505,474
865,449

514,730
883,998

533,487
861,565

58,646
59,750
2,723
249,095
19,906
217,376
6,450
579

59,478
56,616
2,732
257,375
19,561
253,667
6,575
578

61,291
57,796
2,775
295,310
17,894
272,211
6,767
529

4,144
451
4,269
613

4,168
277
4,388
796

3,987
422
4,624
2,526

1,994,925

2,064,939

2,121,184

875,008
500,614
120
37,797
152,870
257,119
17,272
1,8^0,800
1,336,27%
50U,526
18,650

904,780
496,950
113
30,075
183,552
293,759
20,696
1,929,925
l,U28r308
501,617

983,415
502,511
100
30,684
159,056
284,024
19,872
1,979,662
1,1*69,600
510,062

LIABILITIES

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

Bills payable, rediscounts, and other liabilities for borrowed money
Acceptances executed by or for account of reporting banks and
outstanding
Income collected but not earned
Expenses accrued and unpaid
Other liabilities
Total liabilities

451
4,480
6,054
320

277
5,101
6,182
800

422
6,725
5,972
1,979

1,870,755

1,942,285

1,994,760

1,168
25
36,163
37,356
53,513
19,379
13,922

1,118
25
36,223
37,366
54,178
19,494
11,616

1,118
25
36,553
37,696
55,750
20,809
12,169

CAPITAL ACCOUNTS

Capital stock:
Class A preferred stock
Class B preferred stock
Common stock
Total capital stock

Surplus
Undivided profits
Reserves and retirement account for preferred stock
Total capital accounts
Total liabilities and capital accounts

124,170

122,654

126,424

1,994,925

2,064,939

2,121,184

335,258

322,350

333,484

MEMORANDUM

Assets pledged or assigned to secure liabilities and for other
purposes




61

REPORT OF THE COMPTROLLER OF THE CURRENCY

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1948—Continued
MISSISSIPPI
[In thousands of dollars]
Apr. 12,
1948

June 30,
1948

Dec. 31,
1948

25 banks

25 banks

25 banks

ASSETS

Loans and discounts (including overdrafts)
U. 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 bank
Reserve with Federal Reserve bank
Currency and coin
_ _ _.
Balances with other banks, and cash items in process of collection
Bank premises owned, furniture and fixtures
Real estate owned other than bank premises
Income earned or accrued but not collected
Other assets
Total assets

44,166
95,137
26,084
1,969
327
24,110
4,605
29,932
1,516
1
11
193

45,551
86,729

49,333
84,666

27,410
1,861
327
24,038
4,467
29,276
1,505

28,527
1,963
329
28,979
4,648
35,834
1,626

16
185

26
180

228,051

221,365

236,111

110,568
46,592
5,629
32,556
19,822
650
215,817
168,510
1>7,SO7

110,257
46,575
3,964
29,353
18,112
808
209,069
161,779
U7,290

121,185
46,695
3,699
29,054
21,762
1,284
223,679
176,277

66
221
13

73
253
67

75
298
126

216,117

209,462

224,178

138
4,310

138
4,310

138
4,310

6,413
741
301

6,971
332
182

LIABILITIES

Demand deposits of individuals, partnerships, and corporations-_
Time deposits of individuals, partnerships, and corporations
Deposits of U. S. Government
Deposits of States and political subdivisions
Deposits of banks
Other deposits (certified and cashiers' checks, etc.)
Total deposits
Demand deposits
Time deposits
Bills payable, rediscounts, and other liabilities for borrowed money
Income collected but not earned
Expenses accrued and unpaid
Other liabilities
Total liabilities

U

CAPITAL ACCOUNTS

Capital stock:
Preferred stock
Common stock
Total capital stock
Surplus
Undivided profits
.:
Reserves and retirement account for preferred stock
Total capital accounts

UM8

6,248
886
352
,

Total liabilities and capital accounts

UM8

11,934

11,903

11,933

228,051

221,365

236,111

46,986

42,474

41,727

MEMORANDUM

Assets pledged or assigned to secure liabilities and for other
purposes




62

REPORT OF THE COMPTROLLER OF THE CURRENCY

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1948—Continued
MISSOURI
[In thousands of dollars]

Loans and discounts (including overdrafts)
U. 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 bank
Reserve with Federal Reserve bank
Currency and coin
Balances with other banks, and cash items in process of collection.
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

Apr. 12,
1948

June 30,
1948

Dec. 31,
1948

79 banks

79 banks

79 banks

463,028
613,318
40,874
38,926
2,503
214,663
15,201
230,285
7,289
959

469,883
608,252
32
43,474
40,073
2,543
226,487
15,623
231,101
7,461
934

496,230
615,157
31
45,708
37,331
2,638
281,302
13,835
251,059
8,113
1,027

340
587
2,390
836

327
1,295
2,102
729

358
512
2,144
980

1,631,199

1,650,316

1,756,425

876,852
222,423
123
26,815
66,556
333,990
9,226
1,535,985
1,307,256
228,729
200

892,791
222,765
126
23,472
63,583
341,847
9,770
1,55U,85U
1,325,70%
228,650
50

938,922
221,286
125
33,398
78,884
373,396
12,168
1,658,179
1,U31,886
226,8U3
50

LIABILITIES

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

Bills payable, rediscounts, and other liabilities for borrowed money
Acceptances executed by or for account of reporting banks and
outstanding
Income collected but not earned
Expenses accrued and unpaid
Other liabilities
Total liabilities

632
1,004
2,906
229

1,305
1,088
2,456
1,129

655
1,240
2,603

1,540,956

1,560,382

1,663,596

32,003
32,563
22,326
3,351

32,053
33,743
21,052
3,086

32,193
33,925
24,139
2,572

CAPITAL ACCOUNTS

Capital stock: Common stock
Surplus
Undivided profits
Reserves
Total capital accounts
Total liabilities and capital accounts

90,243

89,934

92,829

1,631,199

1,650,316

1,756,425

147,183

134,059

162,678

MEMORANDUM

Assets pledged or assigned to secure liabilities and for other
purposes




63

REPORT OF THE COMPTROLLER OF THE CURRENCY

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1948—Continued
MONTANA
[In thousands of dollars]
Apr. 12,
1948

June 30,
1948

Dec. 31,
1948

39 banks

39 banks

39 banks

ASSETS

Loans and discounts (including overdrafts)
U. 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 bank
Reserve with Federal Reserve bank
Currency and coin
Balances with other banks, and cash items in process of collection
Bank premises owned, furniture and fixtures
Real estate owned other than bank premises
Income earned or accrued but not collected
Other assets
Total assets

39,020
164,145
5,308
5,028
280
35,276
3,750
25,393
1,637
18
595
105

45,188
150,372

56,364
153,864

5,122
5,029
280
34,104
3,994
24,302
1,694
18
621
147

6,435
4,313
283
43,186
4,188
33,712
1,866

280,555

270,871

304,970

176,086
49,095
5
5,837
25,316
9,107
2,707
268,153
218,7 U9
U9U0b

166,890
48,548
5
3,376
27,647
8,641
2,845
257,952
209,070
1*8,882

189,285
49,393
5
3,683
31,672
14,434
2,828
291,300
HI ,5A9
U9,751

725
34

LIABILITIES

Demand deposits of individuals, partnerships, and corporations._
Time deposits of individuals, partnerships, and corporations
Postal savings deposits
Deposits of U. S. Government
Deposits of States and political subdivisions
Deposits of banks
Other deposits (certified and cashiers' checks, etc.)
Total deposits
Demand deposits
Time deposits
Bills payable, rediscounts, and other liabilities for borrowed money
Income collected but not earned
Expenses accrued and unpaid
Other liabilities
Total liabilities

244
288
17

288
455
12

354
531
12

268,702

258,707

292,197

CAPITAL ACCOUNTS

Capital stock:
Preferred stock
Common stock
Total capital stock
Surplus
Undivided profits
Reserves and retirement account for preferred stock
Total capital accounts
Total liabilities and capital accounts

60
4,605
U,665
4,636
2,113
439

60
4,615
U.675
4,640
2,412
437

60
4,765
U,825
4,655
2,844
449

11,853

12,164

12,773

280,555

270,871

304,970

40,995

41,592

45,884

MEMORANDUM

Assets pledged or assigned to secure liabilities and for other
purposes




64

REPORT OF THE COMPTROLLER OF THE CURRENCY

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1948—Continued
NEBRASKA
[In thousands of dollars]

Loans and discounts (including overdrafts)
U. 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 bank
Reserve with Federal Reserve bank
Currency and coin
Balances with other banks, and cash items in process of collection.
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
Income earned or accrued but not collected
Other assets

Total assets.

Apr. 12,
1948

June 30,
1948

Dec. 31,
1948

127 banks

126 banks

126 banks

180,291
421,151
38,279
21,990
1,049
123,957
9,179
110,932
4,391
4

179,450
412,117
4
39,557
21,263
1,052
123,848
9,144
119,051
4,414
3

220,333
387,150
4
42,865
18,993
1,075
146,825
8,607
127,925
5,016
3

1,197
534

1,109
539

6
1,213
662

912,954

911,551

960,677

543,207
104,369
22
27,617
42,384
133,586
7,440
858,625
75U,1U2
3,500
416
1,043
114

553,993
103,502
22
15,172
38,194
142,688
6,026
859,597
755,98k
103,613
1,750
492
1,093
217

594,878
102,771
23
13,759
41,399
143,325
6,185
902,340
799AU
102,896
6,500
478
863
275

863,698

863,149

910,456

31
17,339
17,870
17,104
9,689
5,093

31
17,339
17,370
17,346
9,898
3,788

29
17,866
17,895
17,728
10,769
3,829

LIABILITIES

Demand deposits of individuals, partnerships, and corporations. _
Time deposits of individuals, partnerships, and corporations
Postal savings deposits
Deposits of U. S. Government
Deposits of States and political subdivisions
Deposits of banks
Other deposits (certified and cashiers' checks, etc.)
Total deposits
Demand deposits
Time deposits
Bills payable, rediscounts, and other liabilities for borrowed money
Income collected but not earned
Expenses accrued and unpaid
Other liabilities
Total liabilities
CAPITAL ACCOUNTS

Capital stock:
Preferred stock
Common stock
Total capital stock
Surplus
Undivided profits
Reserves and retirement account for preferred stock
Total capital accounts
Total liabilities and capital accounts

49,256

48,402

50,221

912,954

911,551

960,677

109,751

112,393

106,438

MEMORANDUM

Assets pledged or assigned to secure liabilities and for other
purposes




65

REPORT OF THE COMPTROLLER OF THE CURRENCY

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1948—Continued
NEVADA
[In thousands of dollars]

Loans and discounts (including overdrafts)
U. 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 bank
Reserve with Federal Reserve bank
Currency and coin
Balances with other banks, and cash items in process of collection
Bank premises owned, furniture and fixtures
Income earned or accrued but not collected
Other assets
Total assets-

Apr. 12,
1948

June 30,
1948

Dec. 31,
1948

5 banks

5 banks

5 banks

40,398
69,779
7,390
523
117
15,067
2,364
7,989
765
443
188

42,216
65,602

42,904
64,296

7,356
659
117
15,323
2,567
11,805
765
466
83

7,245
832
118
17,264
2,494
7,563
895
446
193

145,023

146,959

144,250

70,319
45,230
2,032
16,401
883
1,633
136,^98
88,330
1*8,168

73,511
44,647
1,860
15,514
1,075
1,747
138,351*
90,869
U7,U85

69,038
45,538
1,811
16,656
946
1,820
135,809
88,125
1*7,681*

LIABILITIES

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

Bills payable, rediscounts, and other liabilities for borrowed money
Income collected but not earned
Expenses accrued and unpaid
'1
Other liabilities
Total liabilities_

177
594
931

180
472
932

210
546
197

138,200

139,938

136,762

1,810
2,100
2,905

1,810
2,100
3,104
7

1,810
2,128
3,535
15

CAPITAL ACCOUNTS

Capital stock: Common stock.
Surplus.
Undivided profitsReserves
Total capital accounts
Total liabilities and capital accounts

6,823

7,021

7,488

145,023

146,959

144,250

22,618

23,941

23,225

MEMORANDUM

Assets pledged or assigned to secure liabilities and for other
purposes




66

REPORT OF T H E COMPTROLLER OF T H E CURRENCY

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1948—Continued
NEW HAMPSHIRE
[In thousands of dollars]

Loans and discounts (including overdrafts)
U. 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 bank
Reserve with Federal Reserve bank
Currency and coin
Balances with other banks, and cash items in process of collection.
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

Apr. 12,
1948

June 30,
1948

Dec. 31,
1948

51 banks

51 banks

51 banks

65,274
64,541
6,490
6,614
412
21,356
6,344
19,424
1,623
3

67,511
63,348
36
7,047
6,315
413
20,133
6,799
21,074
1,623
5

64,982
63,945
36
6,550
5,822
434
24,156
4,765
23,106
1,667
1

60
17
1
152

59
14
163

59
16
1
109

192,311

194,540

195,649

105,961
42,675
20
3,797
9,883
5,425
3,942
171,703
128,528
U3,175
1,198

108,152
42,428
20
4,529
9,316
6,148
4,052

106,878
41,447
20
3,777
12,772
6,302
4,403
175,599
133,6^0
U ,959
100

LIABILITIES

Demand deposits of individuals, partnerships, and corporations__
Time deposits of individuals, partnerships, and corporations
Postal savings deposits
Deposits of U. S. Government
Deposits of States and political subdivisions
Deposits of banks
„
Other deposits (certified and cashiers' checks, etc.)
Total deposits
Demand deposits
Time deposits
Bills payable, rediscounts, and other liabilities for borrowed money
Acceptances executed by or for account of reporting banks and
outstanding
Income collected but not earned
Expenses accrued and unpaid
Other liabilities
Total liabilities

171>,6U5
131,725
U2,920
500

17
128
86

14
129
176
117

16
136
165
119

173,135

175,581

176,135

15
5,670
5,685
7,857
4,311
1,323

5,685
7,872
4,276
1,126

15
5,670

14
5,771
5,785
8,372
4,190
1,167

CAPITAL ACCOUNTS

Capital stock:
Preferred stock
Common stock
Total capital stock
Surplus
Undivided profits
Reserves and retirement account for preferred stock
Total capital accounts.

_

Total liabilities and capital accounts

19,176

18,959

19,514

192,311

194,540

195,649

9,923

10,287

8,778

MEMORANDUM

Assets pledged or assigned to secure liabilities and for other
purposes




REPORT OF THE COMPTROLLER OF THE CURRENCY

67

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1948—Continued
NEW JERSEY
[In thousands of dollars]

Loans and discounts (including overdrafts)
U. 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 bank
Reserve with Federal Reserve bank
Currency and coin
Balances with other banks, and cash items in process of collection.
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

Apr. 12,
1948

June 30,
1948

Dec. 31,
1948

214 banks

214 banks

211 banks

493,024
471,176
1,181,110 / 1,163,521
354
127,062
133,003
87,520
85,881
3,577
3,568
218,382
213,429
42,121
40,241
155,029
144,451
19,484
19,452
190
222

504,163
1,162,097
287
130,747
85,088
3,573
262,264
38,128
145,621
19,865
170

1,783
80
3,963
1,851

1,663
33
4,293
1,518

1,576
134
4,504
1,374

2,294,269

2,323,712

2,359,591

917,012
984,949
34,458
140,890
23,966
24,959
1,13^,777
991, U57
3,290

928,464
988,987
35,485
153,866
22,490
26,646
2,155,938
l,160,b3U
995,50U
2,130

968,494
977,199
38,009
160,078
23,788
24,324
2,191,892
1,207,679
98^,213
200

80
3,001
3,971
740

33
3,330
3,592
1,062

134
3,702
3,522
1,084

2,137,316

2,166,085

2,200,534

4,946
1,080
51,397

4,946
980
51,547
57,U73
60,993
26,662
12,499

4,763
951
50,940
56,65U
62,580
27,662
12,161

LIABILITIES

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

Bills payable, rediscounts, and other liabilities for borrowed money
Acceptances executed by or for account of reporting banks and
outstanding
Income collected but not earned
Expenses accrued and unpaid
Other liabilities
_
Total liabilities
CAPITAL ACCOUNTS

Capital stock:
Class A preferred stock
Class B preferred stock
Common stock
Total capital stock
Surplus
Undivided profits
Reserves and retirement account for preferred stock
Total capital accounts
Total liabilities and capital accounts

57,1*23

59,999
26,581
12,950

156,953

157,627

159,057

2,294,269

2,323,712

2,359,591

98,953

102,010

109,392

MEMORANDUM

Assets pledged or assigned to secure liabilities and for other
purposes




REPORT OF THE COMPTROLLER OF THE CURRENCY

and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1948—Continued
NEW MEXICO
[In thousands of dollars]

Loans and discounts (including overdrafts)
U.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 bank
Reserve with Federal Reserve bank
Currency and coin
Balances with other banks, and cash items in process of collection.
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
Income earned or accrued but not collected
Other assets
Total assets

Apr. 12,
1948

June 30,
1948

Dec. 31,
1948

24 banks

24 banks

24 banks

65,623
79,714

68,988
80,596

7,241
1,197
227
24,671
4,185
27,430
1,308
249

7,622
1,086
241
29,703
4,361
40,549
1,527
140

1
156
157

183
79

161
38

213,740

212,107

235,012

127,504
29,679
11
4,241
32,533
6,967
2,324
203,259
173,061
30,198
500
158
59
19

123,193
29,211
11
4,264
34,809
6,762
3,759
202,009
170,785
31,22k

138,930
28,927
11
4,849
37,877
10,584
3,212
22U,390
193, U50
30,91*0

202
46
243

210
34
196

. 203,995

202,500

224,830

3,741
3,569
697
1,738

3,781
3,857
502
1,467

4,306
3,967
331
1,578

62,899
79,641
7,446
1,209
218
24,640
4,241
31,606
1,381
145

LIABILITIES

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

.,

Bills payable, rediscounts, and other liabilities for borrowed money
Income collected but not earned
Expenses accrued and unpaid
Other liabilities
Total liabilities.
CAPITAL ACCOUNTS

Capital stock: Common stock.
Surplus
Undivided profitsReserves
Total capital accounts
Total liabilities and capital accounts

9,745

9,607

10,182

213,740

212,107

235,012

43,950

44,580

49,642

MEMORANDUM

Assets pledged or assigned to secure liabilities and for other
purposes
.




REPORT OF THE COMPTROLLER OF THE CURRENCY

69

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1948—Continued
NEW YORK
[In thousands of dollars]

Loans and discounts (including overdrafts)
U. 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 bank
Reserve with Federal Reserve bank
Currency and coin
Balances with other banks, and cash items in process of collection.
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.

Apr. 12,
1948

June 30,
1948

Dec. 31,
1948

388 banks

386 banks

386 banks

3,353,270
3,562,108
5,288,727
5,749,252 /
I
1,733
486,824
442,792
333,465
329,484
42,450
42,204
2,085,558
2,206,483
97,398
90,803
790,883
833,573
85,680
86,540
398
435

3,740,862
4,965,983
1,665
426,427
326,069
41,729
2,592,224
83,800
854,329
86,177
408

1,386
45,740
25,019
37,030

1,602
53,713
22,775
103,418

1,524
45,383
24,803
105,876

13,134,353

13,066,390

13,297,259

LIABILITIES

Demand deposits of individuals, partnerships, and corporations. _ 7,453,140
Time deposits of individuals, partnerships, and corporations
1,599,320
Deposits of XT. S. Government
197,407
Deposits of States and political subdivisions
321,032
Deposits of banks
1,725,931
Other deposits (certified and cashiers' checks, etc.)
364,305

7,408,479
7,568,300
1,666,538
1,663,338
174,095
216,927
329,228
272,068
1,750,724
1,824,009
321,698
319,885
Total deposits
11,661,135 11,650,762 11,86^,527
Demand deposits
9,991,196 9,919,360 10,1 Ul, 182
Time deposits
1,669,939 l,731,U02 1,723,31*5
Bills payable, rediscounts, and other liabilities for borrowed money
87,097
30,367
27,835
Mortgages or other liens on bank premises and other real estate. _
30
30
10

Acceptances executed by or for account of reporting banks and
outstanding
Income collected but not earned
Expenses accrued and unpaid
Other liabilities
Total liabilities.

49,777
14,066
39,348
258,296

57,114
13,653
41,231
247,085

51,506
14,867
37,532
243,615

12,109,749

12,040,242

12,239,892

3,454
654
283,250
287,358
528,913
170,649
37,684

3,432
654
284,370
288,U56
529,831
173,648
34,213

2,969
549
284,914
288,U32
541,841
191,913
35,181

CAPITAL ACCOUNTS

Capital stock:
Class A preferred stock
Class B preferred stock
Common stock
Total capital stock
Surplus _
Undivided profits
Reserves and retirement account for preferred stock _
Total capital accounts
Total liabilities and capital accounts

1,024,604

1,026,148

1,057,367

13,134,353

13,066,390

13,297,259

1,003,318

898,329

918,371

MEMORANDUM

Assets pledged or assigned to secure liabilities and for other
purposes




70

REPORT OF THE COMPTROLLER OF THE CURRENCY

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1948—Continued
NORTH CAROLINA
[In thousands of dollars]

Loans and discounts (including overdrafts)
U. 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 bank
Reserve with Federal Reserve bank
Currency and coin
Balances with other banks, and cash items in process of collection.
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

Apr. 12,
1948

June 30,
1948

Dec. 31,
1948

46 banks

46 banks

46 banks

127,175
200,063
16,305
3,083
636
53,826
10,155
67,589
3,655
20

131,467
198,651

130,556
214,298

16,374
3,300
649
54,734
11,859
63,783
3,684
17

16,462
4,837
660
69,147
11,619
71,247
3,782
40

1
55
513
335

1
47
577
321

1
23
698
334

483,411

485,464

523,704

282,791
90,011
1
10,500
45,629
18,343
6,299
U53,57U
361,6U1
91,933

280,402
88,830
1
10,193
49,629
18,669
7,830
555U
36^,291
91,263

311,995
89,123
1
9,020
51,006
24,334
7,463
U92,9U2
U00,076
92,866

55
795
772
50

47
737
741
353

23
797
928
203

455,246

457,432

494,893

8,525
12,761
4,833
2,046

8,525
13,218
4,569
1,720

8,525
13,820
4,489
1,977

LIABILITIES

Demand deposits of individuals, partnerships, and corporations. _
Time deposits of individuals, partnerships, and corporations
Postal savings deposits
Deposits of U. S. Government
Deposits of States and political subdivisions
Deposits of banks
Other deposits (certified and cashiers' checks, etc.)
Total deposits
Demand deposits
Time deposits
-_
Bills payable, rediscounts, and other liabilities for borrowed money
Acceptances executed by or for account of reporting banks and
outstanding
Income collected but not earned
Expenses accrued and unpaid
Other liabilities
Total liabilities
CAPITAL ACCOUNTS

Capital stock: Common stock
Surplus
Undivided profits
Reserves
Total capital accounts
Total liabilities and capital accounts

28,165

28,032

28,811

483,411

485,464

523,704

76,715

80,425

85,040

MEMORANDUM

Assets pledged or assigned to secure liabilities and for other
purposes




71

REPORT OF THE COMPTROLLER OF THE CURRENCY

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1948—Continued
NORTH DAKOTA
[In thousands of dollars]

Loans and discounts (including overdrafts)
U. 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 bank
Reserve with Federal Reserve bank
Currency and coin
Balances with other banks, and cash items in process of collection.
Bank premises owned, furniture and fixtures
Income earned or accrued but not collected
Other assetsTotal assets

Apr. 12,
1948

June 30,
1948

Dec. 31,
1948

41 banks

41 banks

41 banks

34,877
158,092
6,063
5,771
244
28,206
2,844
20,420
1,211
603
49

37,390
154,028
9
6,105
4,961
245
28,978
3,113
24,649
1,235
619
33

50,146
154,509
9
7,497
4,820
261
36,457
3,112
22,077
1,166
676
44

258,380

261,365

280,774

157,262
65,771
6
5,700
7,661
8,140
1,538
21*6,078
179,876
66,202

161,524
65,614
6
3,863
7,143
9,311
1,433
182,875
66,019

177,505
68,396
6
4,665
6,592
8,684
1,920
267,768
199,022
68,7U6

173
591
6

210
667
27

243
635
53

246,848

249,798

268,699

3,940
4,328
2,270
994

3,940
4,363
2,409
855

3,990
4,755
2,545
785

LIABILITIES

Demand deposits of individuals, partnerships, and corporations._
Time deposits of individuals, partnerships, and corporations
Postal savings deposits
Deposits of U. S. Government
Deposits of States and political subdivisions
Deposits of banks
Other deposits (certified and cashiers' checks, etc.)
Total deposits
Demand deposits
Time deposits
Bills payable, rediscounts, and other liabilities for borrowed money
Income collected but not earned
Expenses accrued and unpaid
Other liabilities
Total liabilities
CAPITAL ACCOUNTS

Capital stock: Common stock
Surplus
Undivided profits
Reserves
Total capital accounts

_•

Total liabilities and capital accounts

11,532

11,567

12,075

258,380

261,365

280,774

19,319

18,903

19,228

MEMORANDUM

Aasets pledged or assigned to secure liabilities and for other
purposes




72

REPORT OF THE COMPTROLLER OF THE CURRENCY

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1948—Continued
OHIO
[In thousands of dollars]

Loans and discounts (including overdrafts)
U.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 bank
Reserve with Federal Reserve bank
Currency and coin
____
Balances with other banks, and cash items in process of collection.
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

Apr. 12,
1948

June 30,
1948

Dec. 31,
1948

241 banks

241 banks

241 banks

864,974
854,412
1,504,470 / 1,526,090
24
160,263
170,124
82,973
87,858
5,324
5,290
419,429
403,680
60,443
56,582
319,385
315,309
28,671
28,081
1
10

873,645
1,575,746
24
160,323
83,140
5,431
500,253
57,059
331,487
29,976
9

948
1,246
4,694
1,979

1,006
757
4,309
1,722

841
989
4,902
1,430

3,424,822

3,485,232

3,625,255

1,725,489
942,086
169
70,840
232,468
169,486
41,785
3,182,323
2,165,771
1,016,552
5,415

1,760,844
948,081
170
64,577
255,167
175,668
44,394
3,2U8,901
2,222,365
1,026,536
270

1,873,449
963,225
170
85,731
235,433
184,817
43,100
3,385,925
2,339,911
1,OU6,O1U
50

LIABILITIES

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

Bills payable, rediscounts, and other liabilities for borrowed money
Acceptances executed by or for account of reporting banks and
outstanding
Income collected but not earned
Expenses accrued and unpaid
Other liabilities
Total liabilities
Capital stock:
Preferred stock
Common stock

1,246
3,255
7,913
2,157

757
3,596
1,952

4,136
6,239
2,552

3,202,309

3,263,564

3,399,891

7,092
76,321

7,000
76,521
83,521
93,647
35,817
8,683

7,000
76,776
83,776
97,311
35,899
8,378

CAPITAL ACCOUNTS

Total capital stock

Surplus
Undivided profits
Reserves and retirement account for preferred stock
Total capital accounts.-1
Total liabilities and capital accounts

91,813
36,125
11,162
222,513

221,668

225,364

3,424,822

3,485,232

3,625,255

428,916

453,381

478,660

MEMORANDUM

Assets pledged or assigned to secure liabilities and for other
purposes




REPORT OF THE COMPTROLLER OF THE CURRENCY

73

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1948—Continued
OKLAHOMA
[In thousands of dollars]
Apr. 12,
1948

June 30,
1948

Dec. 31,
1948

201 banks

200 banks

200 banks

290,026
554,978
71,249
10,637
1,678
177,888
15,304
212,050
5,870
1

302,703
568,861
20
72,249
8,572
1,682
182,980
16,361
253,465
5,846
4

330,498
525,152
20
84,095
10,224
1,708
212,420
15,559
238,105
5,903
6

940
345
1,267
601

995
469
1,189
694

325
282
1,338
782

1,342,834

1,416,090

1,426 417

847,702
88,683
95
24,850
157,266
125,245
11,245
1,255,086
1,158,866
96,220

878,494
89,425
96
18,866
162,142
157,127
21,302
1,327,U52
1,230,902
96,550

889,936
90,082
95
25,690
163,577
148,081
17,840
1,335,301
1,21+0,11*0
95,161

ASSETS

Loans and discounts (including overdrafts)
U. 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 bank
Reserve with Federal Reserve bank
Currency and coin
Balances with other banks, and cash items in process of collection.
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
LIABILITIES

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

Bills payable, rediscounts, and other liabilities for borrowed money
Acceptances executed by or for account of reporting banks and
outstanding
Income collected but not earned
Expenses accrued and unpaid
Other liabilities
Total liabilities.

345
754
2,231
209

469
799
2,507
609

282
802
2,824
882

1,258,625

1,331,836

1,340,091

25,448
30,323
22,111
6,327

25,618
30,951
22,094
5,591

25,843
31,748
23,141
5,594

CAPITAL ACCOUNTS

Capital stock: Common stock_
Surplus.
Undivided profits.
Reserves
Total capital accounts
Total liabilities and capital accounts

84,209

84,254

86,326

., _ 1,342,834

1,416,090

1,426,417

230,521

245,040

MEMORANDUM

Assets pledged or assigned to secure liabilities and for other
purposes




229,191

74

REPORT OF THE COMPTROLLER OF THE CURRENCY

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1948—Continued
OREGON
[In thousands of dollars]

Loans and discounts (including overdrafts)
U. 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 bank
Reserve with Federal Reserve bank
Currency and coin
Balances with other banks, and cash items in process of collection.
Bank premises owned, furniture and fixtures
Real estate owned other than bank premises
Customers' liability on acceptances outstanding
Income earned or accrued but not collected
Other assets
Total assets-

Apr. 12,
1948

June 30,
1948

Dec. 31,
1948

22 banks

22 banks

22 banks

287,781
547,932

304,409
518,130

335,985
516,742

92,883
10,709
1,192
164,911
15,164
112,784
11,852
2
462
2,770
2,088

91,184
8,355
1,193
157,990
16,913
99,019
12,410
2
622
3,919
2,236

83,235
7,885
1,197
185,129
15,308
94,241
13,107

1,250,530

1,216,382

1,259,288

699,125
337,149
15
18,815
72,765
32,626
18,378
1,178,873
835,811
31*3,062

682,739
686,806
330,973
333,736
15
15
14,237
14,083
64,612
103,194
30,657
31,434
17,231
17,042
1,11*3,227 1,183,51*7
803,557
81*6,1*80
337,067
339,670

483
3,688
2,288

LIABILITIES

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

,.

Bills payable, rediscounts, and other liabilities for borrowed money
Acceptances executed by or for account of reporting banks and
outstanding
Income collected but not earned
Expenses accrued and unpaid
Other liabilities
Total liabilities

462
1,663
3,750
1,759

622
2,137
3,614
1,181

483
2,494
3,332
1,057

1,186,507

1,150,781

1,190,913

16,360
23,381
18,991
5,291

16,385
23,488
20,272
5,456

16,385
23,531
22,996
5,463

CAPITAL ACCOUNTS

Capital stock: Common stock
Surplus
Undivided profits
Reserves
Total capital accounts
Total liabilities and capital accounts

64,023

65,601

68,375

1,250,530

1,216,382

1,259,288

201,200

201,208

225,211

MEMORANDUM

Assets pledged or assigned to secure liabilities and for other
purposes




REPORT OF THE COMPTROLLER OF THE CURRENCY

75

and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1948—Continued
PENNSYLVANIA
[In thousands of dollars]
Apr. 12,
1948

June 30,
1948

Dec. 31,
1948

647 banks

646 banks

637 banks

1,651,953
3,193,419
200,082
414,301
25,344
830,542
114,082
556,531
59,371
514

1,691,917
3,161,375
377
217,609
407,055
26,063
858,398
115,441
556,604
59,414
485

1,796,656
2,980,962
209
214,924
380,542
25,950
991,396
106,659
568,515
60,215
385

357
7,070
10,002
6,753

371
3,927
10,732
9,068

414
4,497
10,457
7,184

7,070,321

7,118,836

7,148,965

3,546,004
1,908,590
395
100,032
255,689
470,358
47,549
6,328,617
U,SU,589
1,98^,028
4,402

3,551,366
1,910,740
395
112,558
245,508
503,202
54,139
6,377,908
J>,378,593
1,999,315
1,135

3,633,917
1,883,856
346
102,266
233,048
487,133
66,953
6,U07,519
UM2,U65
l,965,05U
1,710

ASSETS

Loans and discounts (including overdrafts)
U. 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 bank
Reserve with Federal Reserve bank
Currency and coin
Balances with other banks, and cash items in process of collection.
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
LIABILITIES

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

Bills payable, rediscounts, and other liabilities for borrowed money
Acceptances executed by or for account of reporting banks and
outstanding
Income collected but not earned
Expenses accrued and unpaid
Other liabilities
Total liabilities

7,906
5,852
16,568
3,571

5,295
6,252
17,045
6,309

4,847
7,514
16,563
5,270

6,366,916

6,413,944

6,443,423

66
70
215,220
215,356
342,037
105,480
40,532

66
70
215,445
215,581
344,009
105,763
39,539

46
70
213,015
213,131
345,679
108,337
38,395

CAPITAL ACCOUNTS

Capital stock:
Class A preferred stock
Class B preferred stock
Common stock
Total capital stock

Surplus
Undivided profits
Reserves and retirement account for preferred stock
Total capital accounts
Total liabilities and capital accounts

703,405

704,892

705,542

7,070,321

7,118,836

7,148,965

618,210

669,954

656,816

MEMORANDUM

Assets pledged or assigned to secure liabilities and for other
purposes




76

REPORT OF THE COMPTROLLER OF THE CURRENCY

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1948—Continued
RHODE ISLAND
[In thousands of dollars]
Apr. 12,
1948

June 30,
1948

Dec. 31,
1948

9 banks

9 banks

9 banks

ASSETS

Loans and discounts (including overdrafts)
U. 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 bank
Reserve with Federal Reserve bank
Currency and coin,
Balances with other banks, and cash items in process of collection.
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

66,747
128,124
2,690
4,578
633
29,840
5,674
18,898
774
381

66,593
130,773

68,646
124,512

3,120
4,849
634
28,702
5,761
17,037
1,166

3,663
4,397
636
32,537
4,670
20,941
1,185

20
174
553
121

20
155
518
82

67
214
552
50

259,207

259,410

262,070

182,041
24,020
50
5,080
9,403
6,997
1,987
229,578
205,059
2^,519
3,200

185,486
23,882
50
5,047
9,550
6,959
1,734
232,708
208,328
2^,380
200

185,853
24,200
50
4,162
9,327
9,746
1,976
235,31 U
210,665

LIABILITIES

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

Bills payable, rediscounts, and other liabilities for borrowed money
Acceptances executed by or for account of reporting banks and
outstanding
Income collected but not earned
Expenses accrued and unpaid
Other liabilities
Total liabilities

174
232
837
11

155
258
801
200

214
297
844
189

234,032

234,322

236,858

9,570
11,263
4,078
264

9,570
11,330
3,806
382

9,570
11,370
3,934
33S

CAPITAL ACCOUNTS

Capital stock: Common stock
Surplus
„
Undivided profits,
Reserves
_
Total capital accounts
Total liabilities and capital accounts

25,175

25,088

25,212

259,207

259,410

262,070

16,748

15,958

16,556

MEMORANDUM

Assets pledged or assigned to secure liabilities and for other
purposes.-




77

REPORT OF THE COMPTROLLER OF THE CURRENCY

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1948—Continued
SOUTH CAROLINA
[In thousands of dollars]

Loans and discounts (including overdrafts)
U. 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 bank
Reserve with Federal Reserve bank
Currency and coin
Balances with other banks, and cash items in process of collection.
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
Income earned or accrued but not collected
Other assets
Total assets.

Apr. 12,
1948

June 30,
1948

Dec. 31,
1948

24 banks

24 banks

24 banks

91,624
202,509
12,037
9,981
443
47,301
10,285
60,063
2,112
1

92,672
194,528

108,143
187,006

12,530
9,199
452
52,328
11,146
47,963
2,181

12,970
8,716
455
60,090
9,825
53,859
2,437

362
1,108

368
244

21
405
243

437,826

423,611

444,170

277,244
53,441
7
11,730
54,460
14,514
4,473
U15,869
361,159
54,710
200
403
851
292

269,486
53,386
7
8,824
49,864
13,396
5,265
U00,228
31*5,573
5^,655
1,100
423
908
345

291,365
52,491
7
8,004
47,508
16,523
5,430
1*21,328
367,116
5!>,212

417,615

403,004

423,167

6,600
7,996
3,633
1,982

6,900
8,103
3,789
1,815

6,900
8,280
3,924
1,899

LIABILITIES

Demand deposits of individuals, partnerships, and corporations. _
Time deposits of individuals, partnerships, and corporations
Postal savings deposits
Deposits of U. S. Government
Deposits of States and political subdivisions
Deposits of banks
Other deposits (certified and cashiers' checks, etc.)
Total deposits
Demand deposits
____
Time deposits
Bills payable, rediscounts, and other liabilities for borrowed money
Income collected but not earned
Expenses accrued and unpaid
Other liabilities
Total liabilities

417
914
508

CAPITAL ACCOUNTS

Capital stock: Common stock
Surplus
Undivided profits
Reserves
Total capital accounts
Total liabilities and capital accounts

20,211

20,607

21,003

437,826

423,611

444,170

64,410

65,385

63,793

MEMORANDUM

Assets pledged or assigned to secure liabilities and for other
purposes




78

REPORT OF T H E COMPTROLLER OF T H E CURRENCY

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1948—Continued
SOUTH DAKOTA
[In thousands of dollars]

Loans and discounts (including overdrafts)
XL S. Government securities, direct obligations.
Obligations guaranteed by U. S. Government. _
Obligations of States and political subdivisionsOther bonds, notes, and debentures.
Corporate stocks, including stock of Federal Reserve bank.
Reserve with Federal Reserve bank
Currency and coin
Balances with other banks, and cash items in process of collection.
Bank premises owned, furniture and fixtures
Real estate owned other than bank premises
Income earned or accrued but not collected
Other assets
Total assets.

Apr. 12,
1948

June 30,
1948

Dec. 31,
1948

35 banks

35 banks

35 banks

53,707
135,523
9,489
6,546
265
30,348
3,016
21,580
1,261

55,463
126,921
4
9,033
5,865
269
31,170
3,037
25,931
1,261

693
225

677
225

64,609
128,799
4
9,780
5,723
274
36,450
3,046
24,859
1,303
2
684
323

262,653

259,856

275,856

162,067
46,355
2
8,309
23,546
7,484
1,803
249,566
201,970
47,596
31
221
705
57

160,236
46,089
2
5,644
23,921
9,221
1,810
246,923
199,591
47,332
150
31
270
708
44

177,734
47,074
2
5,705
21,819
8,484
1,687
262,505
214,188
48,323
75
30
287
641
57

250,580

248,126

263,595

3,663
5,172
1,827
1,411

3,663
5,302
1,987
778

3,663
5,500
2,377
721

LIABILITIES

Demand deposits of individuals, partnerships, and corporations. _
Time deposits of individuals, partnerships, and corporations
Postal savings deposits
Deposits of U. S. Government
Deposits of States and political subdivisions
Deposits of banks
Other deposits (certified and cashiers' checks, etc.)
Total deposits
Demand deposits
Time deposits
Bills payable, rediscounts, and other liabilities for borrowed money
Mortgages or other liens on bank premises and other real estate__
Income collected but not earned
Expenses accrued and unpaid
Other liabilities
Total liabilities
CAPITAL ACCOUNTS

Capital stock: Common stock
Surplus
Undivided profits
Reserves
Total capital accounts

—

Total liabilities and capital accounts

12,073

11,730

12,261

262,653

259,856

275,856

37,024

35,688

35,235

MEMORANDUM

Assets pledged or assigned to secure liabilities and for other
purposes




REPORT OF THE COMPTROLLER OF THE CURRENCY

79

and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1948—Continued
TENNESSEE
[In thousands of dollars]

Loans and discounts (including overdrafts)
U. 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 bank
Reserve with Federal Reserve bank
Currency and coin
Balances with other banks, and cash items in process of collection.
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

Apr. 12,
1948

June 30,
1948

Dec. 31,
1948

70 banks

70 banks

71 banks

389,962
479,879
65,492
15,720
2,280
174,847
21,781
162,213
10,112
282

370,037
477,587
36
68,141
16,843
2,296
164,832
21,053
155,314
10,154
287

469,135
471,315
28
72,107
16,217
2,454
221,190
23,103
188,413
11,685
547

317
322
1,449
953

350
391
1,558

55
737
1,607
1,110

1,325,609

1,289,775

1,479,703

LIABILITIES

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

Bills payable, rediscounts, and other liabilities for borrowed money
Acceptances executed by or for account of reporting banks and
outstanding
Income collected but not earned
Expenses accrued and unpaid
Other liabilities
Total liabilitiesCapital stock:
Preferred stock
Common stock
Total capital stock.
SurplusUndivided profits
Reserves and retirement account for preferred stock _
Total capital accounts
Total liabilities and capital accounts

623,409
700,987
615,280
269,906
268,581
281,481
57
58
199
22,234
18,088
17,248
106,983
113,951
102,714
212,946
183,829
277,240
10,224
9,959
12,892
1,2I>5,759 1,209,71*6 1,392,761
967,388
1,102,881
932,619
278,371
289,880
277,127
36
25
322
2,399
1,812
387

391
2,487
1,654
522

737
2,672
2,022
610

1,250,715

1,214,825

1,398,802

435
23,022

435
23,022

435
24,522

23,1*57

23,1*57

21*,957

35,164
13,041
3,232

35,516
13,555
2,422

40,288
12,851
2,805

74,894

74,950

80,901

1,325,609

1,289,775

1,479,703

133,879

134,976

146,480

MEMORANDUM

Assets pledged or assigned to secure liabilities and for other
purposes




80

REPORT OF THE COMPTROLLER OF THE CURRENCY

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1948—Continued
TEXAS
[In thousands of dollars]
Apr. 12,
1948

June 30,
1948

Dec. 31,
1948

439 banks

438 banks

437 banks

1,406,473
1,802,008
184,511
46,060
6,625
698,615
62,337
777,310
40,883
2,005

1,411,053
1,818,816
3
186,651
45,326
6,673
695,879
65,434
874,242
41,998
1,977

1,569,336
1,785,937
3
195,995
47,496
6,861
833,026
62,229
943,568
44,528
2,314

3,342
2,180
2,924
2,668

3,516
2,060
3,028
2,629

3,320
7,084
3,846
2,280

5,037,941

5,159,285

5,507,823

Demand deposits of individuals, partnerships, and corporations. _ 3,228,838
402,678
Time deposits of individuals, partnerships, and corporations
369
Postal savings deposits
Deposits of U. S. Government
70,045
406,190
Deposits of States and political subdivisions
Deposits of banks
580,686
43,784
Other deposits (certified and cashiers' checks, etc.)

3,284,978
407,052
369
60,469
416,495
639,034
47,968
4,856,365
4,367,858
488,507

3,374,907
413,790
369
62,725
464,399
759,190
115,954
5,191,334.
4,683,945
507,389

2,251
1,554
9,068
676

2,107
1,550
9,947
1,656

8,466
1,924
10,619
2,128

4,746,626

4,871,625

5,214,471

1,104
106,004
107,108
111,673
53,538
18,996

569
107,032
107,601
113,678
51,684
14,697

519
108,232
108.751
116,564
51,448
16,589

Loans and discounts (including overdrafts)
U. 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 bank___
Reserve with Federal Reserve bank
Currency and coin
Balances with other banks, and cash items in process of collection.
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
LIABILITIES

Total deposits
Demand deposits
Time deposits

Bills payable, rediscounts, and other liabilities for borrowed money
Acceptances executed by or for account of reporting banks and
outstanding
Income collected but not earned
Expenses accrued and unpaid
Other liabilities
Total liabilities
Capital stock:
Preferred stock
Common stock

U,7S2,590
U,255,lll
U77,U79
487

CAPITAL ACCOUNTS

,.

Total capital stock

Surplus
.
Undivided profits
Reserves and retirement account for preferred stock
Total capital accounts
Total liabilities and capital accounts

291,315

287,660

293,352

5,037,941

5,159,285

5,507,823

594,325

609,322

640,387

MEMORANDUM

Assets pledged or assigned to secure liabilities and for other
purposes
,




81

BEPORT OF THE COMPTROLLER OF THE CURRENCY

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1948—Continued
UTAH
[In thousands of dollars]
Apr. 12,
1948

June 30,
1948

Dec. 31,
1948

12 banks

11 banks

11 banks

ASSETS

Loans and discounts (including overdrafts)
U.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 bank
Reserve with Federal Reserve bank
Currency and coin
Balances with other banks, and cash items in process of collection
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
Income earned or accrued but not collected
Other assets
Total assets

81,916
126,156
5,558
637
317
32,981
2,370
24,420
1,602
30

87,792
119,790
193
5,435
1,152
332
36,822
3,001
21,084
1,733

90,627
115,726
3
6,113
1,016
332
54,285
2,736
24,344
1,897

795
4

773
10
281

794
5
156

276,885

278,398

298,034

154,270
59,513
20
2,345
20,128
24,518
1,259
262,053
201,968
60,085

156,971
63,089
20
2,348
17,406
21,957
1,579
263,370
199,708
63,662

159,141
63,282
20
2,373
28,099
26,705
2,647
282,267
218, AH
63,856

LIABILITIES

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

Bills payable, rediscounts, and other liabilities for borrowed money
Income collected but not earned
Expenses accrued and unpaid
Other liabilities
Total liabilities

347
665
53

353
652
269

391
814
240

263,118

264,644

283,712

4,275
5,827
2,184
1,481

5,075
5,585
1,867
1,227

5,075
5,632
2,383
1,232

CAPITAL ACCOUNTS

Capital stock: Common stock
Surplus
Undivided profits
Reserves
Total capital accounts
Total liabilities and capital accounts

13,767

13,754

14,322

276,885

278,398

298,034

6,331

4,905

5,211

MEMORANDUM
Assets pledged or assigned to secure liabilities and for other
purposes




82

REPORT OF THE COMPTROLLER OF THE CURRENCY

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1948—Continued
VERMONT
[In thousands of dollars]

Loans and discounts (including overdrafts)
U. 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 bank
Reserve with Federal Reserve bank
Currency and coin
Balances with other banks, and cash items in process of collection.
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
Income earned or accrued but not collected
Other assets
Total assets

__

Apr. 12,
1948

June 30,
1948

Dec. 31,
1948

39 banks

39 banks

39 banks

51,415
44,322
6,589
7,198
305
11,714
2,216
10,329
1,157
17

53,161
42,350
142
7,000
6,248
307
14,216
2,770
10,322
1,286
17

51,536
43,980
32
5,718
5,493
306
15,406
2,196
10,643
1,359
18

5
133
73

10
154

87

23
157
96

135,473

138,070

136,963

50,321
64,630
3
1,462
2,804
813
1,039
121,072
55,971
65,101
275
430
92
168

52,245
64,365
3
1,125
2,660
1,257
1,879
123,53 U
58,688
125
319

51,796
63,693
3
1,215
3,552
952
1,297
122,508
58,117
6b,S91
100
375
173
334

122,037

124,708

123,490

40
83
4,588
U,711
4,462
2,898
1,365

40
83
4,588
U711
4,574
2,699
1,378

LIABILITIES

Demand deposits of individuals, partnerships, and corporations. _
Time deposits of individuals, partnerships, and corporations
Postal savings deposits
Deposits of U. S. Government
Deposits of States and political subdivisions
Deposits of banks
Other deposits (certified and cashiers' checks, etc.)
Total deposits
Demand deposits
Time deposits
Bills payable, rediscounts, and other liabilities for boi rowed money
Income collected but not earned
Expenses accrued and unpaid
Other liabilities

Total liabilities.

6U,8U6
330
400

CAPITAL ACCOUNTS

Capital stock:
Class A preferred stock
Class B preferred stock
Common stock
Total capital stock
Surplus.

Undivided profits
Reserves and retirement account for preferred stock.
Total capital accounts
Total liabilities and capital accounts

40
80
4,608
U,728
4,620
2,778
1,347

13,436

13,362

13,473

135,473

138,070

136,963

4,890

4,730

4,892

MEMORANDUM

Assets pledged or assigned to secure liabilities and for other
purposes




REPORT OF THE COMPTROLLER OF THE CURRENCY

83

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1948—Continued
VIRGINIA
[In thousands of dollars]
Apr. 12,
1948
131 banks

Loans and discounts (including overdrafts)
U.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 bank
Reserve with Federal Reserve bank
Currency and coin
Balances with other banks, and cash items in process of collection.
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
z.
Total assets

341,441
427,100

June 30,
1948

Dec. 31,
1948

131 banks 131 banks

28,396
21,493
1,903
119,606
23,729
111,378
9,310
589

346,035
414,382
77
29,310
19,251
1,877
118,952
24,666
121,857
9,378
669

354,242
412,551
17
30,600
17,188
1,953
142,067
22,329
136,145
9,994
291

725
50
1,006
1,470

710
110
927
1,555

731
149
1,022
1,598

1,088,196

1,089,756

1,130,877

535,389
297,006
15
29,805
50,477
77,664
11,772
1,002,128
686,806
315,322
2,267
12

540,908
297,571
15
21,722
54,547
77,281
13,506
1,005,550
690,U07
S15,1US
1,392
12

544,341
295,688
15
22,712
64,093
98,707
19,498
l,0U5,05U
731,126
313,928
300

LIABILITIES

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

Bills payable, rediscounts, and other liabilities for borrowed money
Mortgages or other liens on bank premises and 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
Total liabilities

50
992
2,635
121

110
1,019
2,154
814

149
1,048
2,368
1,020

1,008,205

1,011,051

1,049,939

25
26,496
26,521
33,258
15,120
5,092

25
26,585
26,610
33,519
14,729
3,847

25
27,006
27,031
34,487
15,340
4,080

CAPITAL ACCOUNTS

Capital stock:
Preferred stock
Common stock
Total capital stock
Surplus
Undivided profits
Reserves and retirement account for preferred stock
Total capital accounts
Total liabilities and capital accounts

79,991

78,705

80,938

1,088,196

1,089,756

1,130,877

139,288

134,893

140,520

MEMORANDUM

Assets pledged or assigned to secure liabilities and for other
purposes




84

REPORT OF THE COMPTROLLER OF THE CURRENCY

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1948—Continued
VIRGIN ISLANDS OF THE UNITED STATES
[In thousands of dollars]
Apr. 12,
1948

June 30,
1948

Dec. 31,
1948

1 bank

1 bank

1 bank

ASSETS

Loans and discounts (including overdrafts)
U. S. Government securities, direct obligations
Obligations guaranteed by U. S. Government
Other bonds, notes, and debentures
Reserve with approved national banking associations
Currency and coin__
Balances with other banks, and cash items in process of collection
Bank premises owned, furniture and fixtures
Income earned or accrued but not collected
Other assets
Total assets

962
2,182
20
458
372
18
9
7
10

994
2,181

1,082
2,181

20
447
308
18
9
26
10

20
427
234
18
13
29
5

4,038

4,013

4,009

987
1,700
245
720
15
8
3,675
1,883
1,792

907
1,758
258
695
17
5
3,6U0
1,806
1,83U

973
1,669
245
698
20
14
3,619
1,862
1,757

4
12
6

4
14
5

3,701

3,662

3,642

100
50
150
60
26
101

100
50
150
60
28
113

100
50
150
75
30
112

LIABILITIES

Demand deposits of individuals, partnerships, and corporations._
Time deposits of individuals, partnerships, and corporations
Deposits of U. S. Government
Deposits of States and political subdivisions
Deposits of banks
Other deposits (certified and cashiers' checks, etc.)
Total deposits
Demand deposits
Time deposits
Bills payable, rediscounts, and other liabilities for borrowed money
Income collected but not earned
Expenses accrued and unpaid
Other liabilities
Total liabilities
CAPITAL ACCOUNTS

Capital stock:
Preferred stock
Common stock
Total capital stock
Surplus
Undivided profits
Reserves and retirement account for preferred stock
Total capital accounts
Total liabilities and capital accounts

337

351

367

4,038

4,013

4,009

320

320

320

MEMORANDUM

Assets pledged or assigned to secure liabilities and for other
purposes _




REPORT OF THE COMPTROLLER OF T H E CURRENCY

85

and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1948—Continued
WASHINGTON
[In thousands of dollars]
Apr. 12,
1948

June 30,
1948

Dec. 31,
1948

38 banks

37 banks

37 banks

ASSETS

Loans and discounts (including overdrafts)
U . 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 bank
Reserve with Federal Reserve bank
Currency and coin
Balances with other banks, and cash items in process of collection
Bank premises owned, furniture and fixtures
Real estate owned other than bank premises
Customers' liability on acceptances outstanding
Income earned or accrued but not collected
Other assets
Total assets

483,922
699,457
101,202
22,397
2,136
210,513

494,071
663,232

540,160
620,710

187,919
9,132
191
174
3,896
550

106,704
16,602
2,144
222,700
27,420
163,445
9,387
127
288
2,772
474

102,663
17,564
2,150
257,421
25,224
170,840
9,979
180
152
2,786
1,435

1,747,185

1,709,366

1,751,264

938,907
454,717
14
34,425
137,608
70,956
17,364
1,658,991
1,196,825
U57,166

928,149
452,433
14
26,011
120,759
72,230
17,458
1,617,05U
1,161,622
U55,U82

989,835
452,527
13
26,878
95,271
75,446
15,860
1,655,880
1,196,881*
1*58,91*6

25,696

LIABILITIES

Demand deposits of individuals, partnerships, and corporations__
Time deposits of individuals, partnerships, and corporations
Postal savings deposits
Deposits of U. S. Government
Deposits of States and political subdivisions
Deposits of banks
Other deposits (certified and cashiers' checks, etc.)
Total deposits
Demand deposits
Time deposits
Bills payable, rediscounts, and other liabilities for borrowed money
Mortgages or other liens on bank premises and 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
Total liabilities

251
2,280
3,538
1,127

368
2,547
2,469
381

160
2,883
2,813
617

1,661,191

1,622,819

1,662,303

24,795
30,561
18,008
12,630

24,835
30,805
18,862
12,045

24,835
31,479
20,373
12,274

CAPITAL ACCOUNTS

Capital stock: Common stock
Surplus
Undivided profits
Reserves
Total capital accounts
Total liabilities and capital accounts

85,994

86,547

88,961

1,747,185

1,709,366

1,751,264

261,164

283,136

256,611

MEMORANDUM

Assets pledged or assigned to secure liabilities and for other
purposes




86

REPORT OF THE COMPTROLLER OF THE CURRENCY

Assets and liabilities of national banks, by States, at date of each call
ended Dec. SI, 1948—Continued

year

WEST VIRGINIA
[In thousands of dollars]

Loans and discounts (including overdrafts)
U. 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 bank
Reserve with Federal Reserve bank
Currency and coin
Balances with other banks, and cash items in process of collection
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
Income earned or accrued but not collected
Other assets
Total assets

Apr. 12,
1948

June 30,
1948

Dec. 31,
1948

76 banks

76 banks

76 banks

119,056
257,482
15,430
10,848
855
61,456
13,420
62,846
4,503
50

126,076
254,224
224
15,811
9,746
855
62,831
14,664
61,004
4,400
45

129,241
253,314

15
151
530

14
187
516

14
167
501

546,642

550,597

566,087

298,242
138,728
30
12,520
28,587
23,339
6,859
508,305
367,599
HO,706
500

302,513
137,941
30
9,642
32,401
23,105
7,213

15,616
9,444
900
70,922
13,300
68,063
4,416
189

LIABILITIES

Demand deposits of individuals, partnerships, and corporations__
Time deposits of individuals, partnerships, and corporations
Postal savings deposits
Deposits of U. S. Government
Deposits of States and political subdivisions
Deposits of banks
Other deposits (certified and cashiers' checks, etc.)
Total deposits
Demand deposits
Time deposits
.---.-.-7
Bills payable, rediscounts, and other liabilities for borrowed money
Mortgages or other liens on bank premises and other real estate
Income collected but not earned
Expenses accrued and unpaid
Other liabilities
Total liabilities.

203
627
105

162
738
269

293,566
134,993
30
13,678
41,540
29,295
12,897
525,999
389,209
136,790
400
46
164
765
309

509,740

514,014

527,683

12,290
15,577
6,719
2,316

12,290
16,024
6,266
2,003

12,690
17,954
5,663
2,097

512,8U5
37 8,00 U
139,8U1

CAPITAL ACCOUNTS

Capital stock: Common stockSurplus _
Undivided profits.
Reserves
Total capital accounts
Total liabilities and capital accounts

36,902

36,583

38,404

546,642

550,597

566,087

59,009

59,127

64,031

MEMORANDUM

Assets pledged or assigned to secure liabilities and for other
purposes




REPORT OF THE COMPTROLLER OF THE CURRENCY

87

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1948—Continued
WISCONSIN
[In thousands of dollars]

Loans and discounts (including overdrafts)
U. 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 bank
Reserve with Federal Reserve bank
Currency and coin
Balances with other banks, and cash items in process of collection.
Bank premises owned, furniture and fixtures
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.

Apr. 12,
1948

June 30,
1948

Dec. 31,
1948

95 banks

95 banks

95 banks

259,647
782,400
34,581
38,443
1,738
158,269
18,151
161,674
8,616

261,844
787,572
258
36,153
41,131
1,758
154,176
18,589
144,001
8,654

275,227
759,384

32
71
3,003
1,890

32
68
2,649
1,981

33
29
2,517
2,086

1,468,515

1,458,866

1,488,791

627,056
492,698
34
37,965
93,209
106,069
19,674
1,376,705
86U,100
512,605
750

642,168
491,852
34
33,695
72,601
115,148
14,955
l,870,U53
861,979
508,U7U

683,206
494,661
34
38,231
59,879
102,171
18,356
1,396,538
896,667
U99,871
2,000

40,892
41,805
1,772
185,591
16,232
154,382
8,841

LIABILITIES

Demand deposits of individuals, partnerships, and corporations__
Time deposits of individuals, partnerships, and corporations
Postal savings deposits
Deposits of U. S. Government
Deposits of States and political subdivisions
Deposits of banks
Other deposits (certified and cashiers' checks, etc.)
Total deposits
Demand deposits
Time deposits
Bills payable, rediscounts, and other liabilities for borrowed money
Acceptances executed by or for account of reporting banks and
outstanding
Income collected but not earned
Expenses accrued and unpaid
Other liabilities
Total liabilities.

71
880
3,030

68
894
2,496
239

29
968
2,454
317

1,381,525

1,374,150

1,402,306

150
25
26,905
27,080
30,318
20,086
9,506

150
25
26,905
27,080
30,687
19,886
7,063

27,130
27,180
31,191
21,130
6,984

CAPITAL ACCOUNTS

Capital stock:
Class A preferred stock
Class B preferred stock
Common stock
Total capital stock
Surplus
Undivided profits
Reserves and retirement account for preferred stock
Total capital accounts
Total liabilities and capital accounts

50

86,990

84,716

86,485

1,468,515

1,458,866

1,488,791

111,270

112,396

114,656

MEMORANDUM

Assets pledged or assigned to secure liabilities and for other
purposes




88

REPORT OF THE COMPTROLLER OF THE CURRENCY

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1948—Continued
WYOMING
[In thousands of dollars]

Loans and discounts (including overdrafts)
U . 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 bank
Reserve with Federal Reserve bank
Currency and coin
___.
Balances with other banks, and cash items in process of collection
Bank premises owned, furniture and fixtures
Income earned or accrued but not collected
Other assets

Total assets.

Apr. 12,
1948

June 30,
1948

Dec. 31,
1948

26 banks

26 banks

26 banks

32,553
76,507
6,371
2,301
195
17,736
3,224
21,141
658
112
56

35,261
74,685

36,044
82,118

6,370
2,598
187
17,973
3,351
19,740
717
130
47

6,932
2,706
197
23,845
3,237
28,280
847
147
42

160,854

161,059

184,395

94,118
29,900
17
3,097
14,202
8,813
1,412
151,559
121,281
30,278

96,049
29,366
17
2,605
15,468
6,879
1,335
151,719
121,689
30,030

113,200
29,974
17
2,749
15,695
10,858
2,066
17^,559
1U3,836
30,723

195
96
3

232
90
41

272
138
58

151,853

152,082

175,027

90
2,360
2,U50
3,785
2,057
709

90
2,425
2,515
3,769
2,102
591

70
2,445
2,515
4,252
1,981
620

LIABILITIES

Demand deposits of individuals, partnerships, and corporations.
Time deposits of individuals, partnerships, and corporations
Postal savings deposits
Deposits of U. S. Government
Deposits of States and political subdivisions
Deposits of banks
Other deposits (certified and cashiers' checks, etc.)
Total deposits
Demand deposits
Time deposits
Bills payable, rediscounts, and other liabilities for borrowed mone;
Income collected but not earned
Expenses accrued and unpaid
Other liabilities
Total liabilities.
CAPITAL ACCOUNTS

Capital stock:
Preferred stock
Common stock
Total capital stock
Surplus .
Undivided profits
Reserves and retirement account for preferred stock.
Total capital accounts
Total liabilities and capital accounts

9,001

8,977

9,368

160,854

161,059

184,395

22,526

23,107

24,489

MEMORANDUM

Assets pledged or assigned to secure liabilities and for other
purposes




TABLE NO. 13.—Earnings, expenses, and dividends of national banks for the year ended Dec. SI, 1948
[In thousands of dollars]
Earnings from current operations
Number
of
banks 1

Location

Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut.

_

51

977

34

272

303

31,907

4,636

48,332

548

6,433

2,293

4,528

7,508

106,185

________

386
211
637
13

16,950
4,291
16,952
81

9,833
3,419
5,402
29

4,134
716
2,368
18

9,058
1,619
5,914
17

23,442
1,969
7,323
13

557
410

103,903
21,717
64,787
601
5,136
5,157

2,459
109
679
2

61
9

82,713
20,731
56,798
355
6,342
4,408

34
21

486
894

227
179

316
413

545
447

252,492
54,571
160,223
1,116
13,643
11,929

1,317

171,347

39,241

201,301

3,304

20,063

7,642

17,337

33,739

493,974

131
76
46
24
50
61
69
25
34
437
51
92

1,243
573
448
379
831
1,853
1,668
598
1,383
5,354
946
914
1,967

15,745
6,937
5,588
3,986
12,619
9,424
12,199
2,307
9,475
63,761
4,645
7,157
16,894

80
72
56
8
72
32
43
3
32
370
21
84
59

1,293
577
851
797
1,422
2,454
1,383
341
1,394
5,234
667
626
1,068

534
236
451
641
1,880
1,087
1,048
555
912
3,164
590
162
1,340

1,249
315
308
303
909
802
643
45
286
1,761
131
224

71

7,455
4,341
3,283
2,753
5,338
9,042
5,284
1,525
7,988
27,981
2,489
4,467
7,689

615

936
633
514
190
1,035
2,176
1,234
183
1,845
7,868
521
510
1,435

28,535
13,684
11,499
9,057
24,106
26,870
23,502
5 557
23,315
115,493
10,010
14,144
31,067

1,167

89,635

18,157

170,737

932

18,107

12,600

7,591

19,080

336,839

241
125
_ _ -- __ - 381
78
95
178
_

23,884
12,842
64,860
18,502
12,850
14,485

4,522
1,875
11,139
2,729
1,519
2,174

33,482
13,581
65,271
25,381
9,408
19,441

210
152
1,550
480
122
199

3,668
1,849
7,922
2,444
1,269
2,227

1,329
602
2,461
1,171
625
2,417

3,094
640
8,761
1,548
513
1,788

4,804
2,005
9 511
2,006
1,764
2,179

74,993
33,546
171 475
54,261
28,070
44,910

_
_ __
_

_
-

-

__
_ -

_____
____

__

.

_ _

-

_____

___

Total Southern States
Ohio
Indiana
Illinois
Michigan
Wisconsin.
Minnesota

__
_

_ _

-




Total
earnings
from
current
operations

_ _ _ _ _ _ __

____

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

317
279
2,573
170

Other
current
earnings

105
75
2,291
231
1,567

-

_

320

Other service
comService charges,
Trust
missions,
charges
departfees,
and
on deposit
collection
accounts and exchange ment
charges
564
243
3,661
280
1,341

-

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

Other
securities

Service
charges
and other
fees on
banks'
loans

3,128
3,123
2,790
29,567
2,137
7,587

_

_

U. S.
Government
securities

Interest
and
discount
on loans

2,045
1,231
869
20,295
2,046
5,421

33

_

Interest and dividends
on securities

_ _ _ _ _
_
_ _ __

51
39
120
9

11

9
17
464
13

344

97

110
57
1,716
41

259

207

293
140
5,682
135
1,051

6,411
5,752
4,470
66,249
5,053
18,250

TABLE NO. 13.—Earnings, expenses, and dividends of national banks for the year ended Dec. 81, 1948—Continued
[In thousands of dollars]
Earnings from current operations

Location

Iowa
Missouri
Total Middle Western States
North Dakota
.
__
South
Dakota
NebraskaKansas
Montana
Wyoming- _
Colorado
New Mexico
Oklahoma— _
Total Western States
Washington
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)

Number
of
banks

98
79
1,275
41
35
126
174
39
26
77
24
200
742
37
22
94
15
11
5
3
187
4,991
4
1
1
6
4,997
8
10
228
4,745
6

Interest and dividends
on securities
U.S.
Government
securities

Other
securities

5,353
8,966
161,742
2,386
1,967
6,416
5,789
2,503
1,116
5,639
1,177
7,900
34,893
10,815
9,587
59,120
3,276
1,676
1,108
1,202
86,784
576,308
237
2,090
34
2,361
578,669
62,324
36,215
219,355
258,414
2,361

1,172
1,861
26,991
201
274
965
1,023
257
183
839
166
1,717
5,625
2,870
1,863
10,577
157
127
156
294
16,044
110,694
10
196
1
207
110,901
13,149
6,382
40,168
50,995
207

Interest
and
discount
on loans

6,893
15,873
189,330
1,890
2,896
8,257
8,512
2,295
1,888
8,059
3,716
16,774
54,287
22,853
14,265
170,018
4,093
4,062
2,173
6,792
224,256
888,243
401
1,924
60
2,385
890,628
68,979
38,547
398,917
381,800
2,385

Service
charges
and other
fees on
banks'
loans
25
80
2,818
42
32
15
48
23
5
85
11
93
354
202
78
3,029
21
110
32
316
3,788
11,744
15
15
11,759
1,731
799
6,066
3,148
15

Other service
comService charges,
Trust
missions,
charges
departfees, and
on deposit collection
accounts and exchange ment
charges
1,062
1,111
21,552
488
472
1,189
1,279
480
328
1,549
290
1,984
8,059
3,342
2,154
15,630
616
442
132
797
23,113
97,327
32
322
1
355
97,682
5,064
1,322
39,320
51,621
355

552
419
9,576
579
469
609
417
256
161
360
157
754
3,762
1,147
688
4,536
173
224
59
195
7,022
42,895
288
202
50
540
43,435
2,611
603
17,052
22,629
540

305
959
17,608
46
41
279
206
32
26
593
69
291
1,583
950
589
8,758
76
62
137
155
10,727
59,374
9
9
59,383
8,047
7,452
27,064
16,811
9

Other
current
earnings

651
932
23,852
288
339
1,155
1,110
355
218
693
283
1,830
6,271
1,362
1,012
13,644
284
313
207
580
17,402
107,852
112
1
162
108,014
21,550
6,297
43,293
36,712
162

Total
earnings
from
current
operations
16,013
30,201
453,469
5,920
6,490
18,885
18,384
6,201
3,925
17,817
5,869
31,343
114,834
43,541
30,236
285,312
' 8,696
7,016
4,004
10,331
389,136
1,894,437
1,041
4,846
147
6,034
1,900,471
97J617
791,235
822,130
6,034

1
Number of banks as of end of year, but figures of earnings, expenses, etc., include those banks which were in operation a part of the year but were inactive at the close of
the year.




TABLE NO. IS.—Earnings, expenses, and dividends of national banks for the year ended Dec. 31,1948—Continued
[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
Ohio _____
_
Indiana
__
Illinois
Michigan. _
Wisconsin
__
Minnesota
Iowa
Missouri-_
_ _
_
Total Middle Western States




Current operating
Fees paid
Salaries and wages
to directors Interest
and memon time
bers of
Employees other
deposits
Officers
executive, (including
than officers
discount,
savings
and
deposits)
1
Amount Number Amount Numbed advisory
committees
892
816
155
70
560
1,096
804
509

6,721
466

2,390
11,706
23,075
5,999
15,598
154
1,396
1,309
47,531
3,384
1,475
1,371
1,127
2,606
2,890
2,489
838

2,251
14,393
1,418
1,760
3,076
39,078
7,525
3,574
16,357
5,071
3,187
5,503
2,221
3,382
46,820

186
134
914
76
350

1,815
2 833
1,079
2,836
43
264
171

7,226
681
301
244
199
405
487
405
150
305

2,515
267
410
558

6,927
1,339
678
2,317
612
513
988
433
553

7,433

957
686

14,256
753

508
355

6,521
507

4,103
21,851
57,784
9,986
28,050
138
2,258
2,648
100,864
4,350
2,006
1,959
1,603
4,467
5,344
4,118

1,885
10,336
22,569
4,756
11,681
77
1,140
1,117
41,340
2,275

933

478

4,464
19,082
1,451
2,245
5,275
57,297
12,506
5,707
33,677
12,278
5,915
9,205
2,591
6,219
88,098

970
939
877

2,145
2,507
1,647
2,077
9,042
809

1,277
2,750
27,793
5,961
2,807
13,770
5,252
2,784
4,329
1,340
3,027
39,270

75
63
352
38
141
739

1,072
671

1,518
17
151
91

3,520
235
124
66
46
139
110
107
64
151
608
89
128
116

1,983
523
209
735
202
182
287
101
136

2,375

506
851

4,268
234

1,555
8,306
13,263
8,037
17,663
126
1,608
664

41,361
3,267
1,387
722
466

1,456
1,666
1,777

expenses
Interest
and discount on
borrowed
money

Taxes
other
than on
net
income

Recurring
depreciation on
banking
house,
furniture
and
fixtures

Other
current
operating
expenses

Total
current
operating
expenses

6
10
5
50
4
17
92

240
194
84

53
105
75

1,277
1,197

1,181

14,152
1,017
3,643
22,054
50,901
9,797
26,370
152
2,293
2,221
91,734
4,440
2,107
2,216
1,895
5,827
5,620
4,625
1,241
4,587
21,432
1,915
2,493
5,494
63,892
13,483
6,099
32,953
9,748
5,521
8,493
3,186
5.849
,85,332

4,450
3,848
3,041
42,866
2,653
12,740
69,598
154,372
37,872
96,981
642
8,631
7,702
306,200
17,217
7,725
6,861
5,377
16,178
17,182
13,717
3,906
15,203
68,086
5,750
8,355
18,517
204,074
49,609
21,931
108,109
36,083
19,530
29,534
9,994
18,683
293,473

496
45

150
3

46
3
743
33
6
6
9
23
28
8

424

1,845
3,984
457
860

2,610
20,921
8,038
3,638
16,323
6,285
3,853
4,822
1,308
1,812
46,079

4
28
4
17
30
196

48
5
401
59
21
40
6
24
604

1,886'
84
480

57
411

2,968
5,090
2,195
5,130
31

1,882
2,691
1,142
2,502
21

709
566

170
200

13,721

6,726

968
319
302
83

540
301
219
148
356
724
358
90
562

1,304
800
235
316

1,339
6,748
298
622

1,811
118
230
502

1,414
14,748
6,244
2,093
5,785
1,757
484
618

5,959
1,242
606
1,878
683
367
566

386
776

195
485

18,143

6,022

768

Net
earnings
from
current
operations
1,961
1,904
1,429
23,383
2,400
5,510
36,587
98,120
16,699
63,242
474
5,012
4,227
187,774
11,318
5,959
4,638
3,680
7,928
9,688
9,785
1,651
8,112
47,407
4,260
5,789
12,550
132,765
25,384
11,615
63,366
18,178
8,540
15,376
6,019
11,518
159,996

TABLE NO. 13.—Earnings, expenses, and dividends of national banks for the year ended Dec. 31,1948—Continued
[In thousands of dollars]

CO

to

Current operating expenses
Salaries and wages
Location

Employees other
than officers

Officers

Fees paid
to directors Interest
and mem- on time
bers of
deposits
executive, (including
discount,
savings
and
deposits)
advisory
committees
615
44
474
54
791
139
605
144
324
31
219
26
1,266
120
256
25
804
127
5,354
710
4,215
125
2,892
52
42,870
414
716
22
663
38
602
6
502
10
52,460
667

Amount

Number 1

Amount

Number2

734
North Dakota
923
South Dakota
2,745
Nebraska
2,904
Kansas
753
M on tana
605
Wyoming
2,090
Colorado
_ __
718
New Mexico
4,361
Oklahoma
_
Total Western States
15,833
5,010
Washington
_
3,195
Oregon
24,385
California
- - -1,143
Idaho
703
Utah
377
Nevada
- 1,104
Arizona
-- - 35,917
Total Pacific States
Total United States (exclu196,885
sive of possessions)
Alaska (nonmember banks) _ _ _
The Territory of Hawaii (non563
member bank) - _
Virgin Islands of the United States
15
(nonmember bank)
_
Total possessions (non690
member banks)
Total United States andpossessions__
_ 197,575
14,477
New York City (central Reserve city)
6,946
Chicago (central Reserve city)
70,060
Other Reserve cities
105,402
Country banks (member banks)
690
Possessions (nonmember banks) _ _

167
210
533
693
155
127
375
130
922
3,312
735
582
3,885
180
104
65
166
5,717

828
992
3,067
2,612
983
647
3,329
1,152
4,947
18,557
10,020
6,741
57,227
1,616
1,370
669
2,472
80,115

494
562
1,564
1,355
532
303
1,556
565
2,524
9,455
4,208
3,035
21,181
757
669
326
1,137
31,313

32,430
15

366,782
223

159,507
65

9,994
5

174,481
49

56

1,142

351

9

950

2

33

18

73

1,398

434

14

1,026

32,503
1,132
544
9,088
21,666
73

368,180

159,941
16,473
7,307
68,407
67,320
434

10,008
326
125
1,880
7,663
14

175,507
4,267
7,836
74,762
87,616
1,026

1
2

20,294
167,815
133,182
1,398

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




Interest
and discount on
borrowed
money
1
4
63
7
1
1
9
1
17
104

13
6
42
4
10
75

1,814

Recurring
depreciation on
banking
house,
furniture
and
fixtures

Other
current
operating
expenses

Total
current
operating
expenses

138
101
626
567
423
147
345
179
420
2,946
572
481
7,026
128
84
153
208
8,652

71
94
217
256
103
80
208
79
547
1,655
742
578
3,491
168
106
43
168
5,296

1,048
1,221
3,940
3,697
1,082
640
3,167
1,125
5,930
21,850
7,443
4,855
38,757
1,454
1,224
493
2,481
56,707

3,479
3,863
11,588
10,792
3,700
2,365
10,534
3,535
17,153
67,009
28,140
18,800
174,212
5,251
4,198
2,343
6,945
239,889

2,441
2,627
7,297
7,592
2,501
1,560
7,283
2,334
14,190
47,825
15,401
11,436
111,100
3,445
2,818
1,661
3,386
149,247

61,178
15

27,540
42

341,569
137

1,180,243
583

714,194
458

135

86

584

3,469

1,377

1

15

91

56

150

129

736

4,143

1,891

61,328
3,674
3,567
26,510
27,427
150

27,669
1,443
776
10,249
15,072
129

342,305
37,240
18,813
140,220
145,296
736

1,184,386
107,313
58,723
492,113
522,094
4,143

716,085
76,142
38,894
299,122
300,036
1,891

Taxes
other
than on
net
income

27

1,814
395
366
617
436

Net
earnings
from
current
operations

o

w
o

W

H
O

i

TABLE NO. 13.—Earnings, expenses, and dividends of national banks for the year ended Dec. 81, 1948—Continued
[In thousands of dollars]
Recoveries, transfers from reserve accounts, and profits1
On securities

On loans

Location
Recoveries
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 Middle Western Stat<




77
158
42
508
3
122
910

8,151
141
16
107
1
17
108
22
91
325
457
76
33
317
1,711
350
1,221
840
79
445
2,792
61
977
6,765

Transfers Profits on
Transfers
from
securities Recovfrom
reserve
sold or
eries
reserve
accounts redeemed
accounts
123
71
83
59
3
85
76
1
947
2,520
3,095
1,635
55
147
151
380
226
50
1,700
1,519
6,094
4,161
15,726
100
891
19
2,066
1,051
137
13
137
67
7,245
13,820
7,335
15,899
268
466
61
63
214
117
52
29
11
123
125
28
319
135
7
298
352
65
109
72
31
194
216
21
5
1,074
433
1,564
310
86
7
113
13
185
2
102
16
300
435
137
15
838
3,300
516
3,559
1,434
455
214
750
50
100
357
7
6,500
5,893
3,175
23
865
348
19
34
724
260
10
535
736
13
15
287
132
1
631
285
"731
927
11,726
8,466
3,522

All
other

48
18
116
1,283
124
644
2,233j
10,083
1,089
4,785
4
69
147
16,177
373
273
194
77
275
411
1,205
65
859
1,198
89
224
305
5,548
1,267
917
11,236
901
188
677
404
531
16,121

Losses, charge-offs, and transfers to reserve accounts2

Total
On securities
recoveries,
transfers
:rom reserve Losses Transfers
and
to
accounts
charge- reserve
and
offs
accounts
profits
319
321
320
9,988
480
1,487
12,915
44,666
3,719
18,828
50
910
454
68,627
1,337
573
475
118
568
980
1,942
368
1,620
5,036
384
562
1,509
15,472
3,777
3,395
27,651
2,235
1,651
4,763
899
3,156
47,527

194
350
232
1,513
99
507
2,895
5,606
2,024
6,033
29
765
44
14,501
598
320
342
94
255
505
410
229
135
3,045
340
364
1,773
8,410
2,503
1,509
3,805
1,938
821
1,180
550
1,089
13,395

12

1,930
"231
2,173
2,941
424
7,935
40

11,340

On loans
Losses Transfers
and
to
charge- reserve
offs
accounts
85
101
128
315
44
35
708

1,309
273
832
5
62
25
2,506

42,003

4,283
295
118
5,276
1,156
212
442
100
173

2,550
1,259
684
806
2,111
1,855
2,432
390
1,266
11,915
255
1,156
3,702
30,381
7,256
2,162
22,085
3,919
3,965
4,602
1,602
1,641

7,772

47,232

22
"206
497

81
28
110
109
1,088
936
329
2,458
200
10
1,527
10
680
6,150

655
330
342
9,790
498
2,450
14,065
24,346
3,825
11,955
32
683
1,162

All
other

120
61
42
1,044
57
383
1,707
3,394
550
2,453
8
74
79
6,558

5,327
1,241
1,426
3,251
657
302
1,015
251
252
8,395

Total
losses,
charge-offs,
and transfers to
reserve
accounts
1,066
842
744
14,592

o

698
3,606

21,548
37,596
7,096
29,208
74
1,624
1,310
76,908
3,705
1,948
1,302
1,003
2,783
3,050
3,838
752
3,673
18,439
935
1,909
6,152
49,489
12,231
5,544
36,875
7,870
5,310
8,766
2,513
3,835
82,944

O
O

d

CO
CO

TABLE NO. 13.—Earnings, expenses, and dividends of national banks for the year ended Dec. SI, 1948—Continued
[In thousands of dollars]
Losses, charge-offs, and transfers to reserve accounts 2

Recoveries, transfers from reserve accounts, and profits1

Recoveries

Transfers
Transfers Profits on
from
from
securities Recovreserve
eries
reserve
sold or
accounts
accounts redeemed

63
North Dakota ._
South Dakota
20
Nebraska
290
140
Kansas
25
159
Montana.
53
118
Wyoming
28
Colorado. _ .
22
222
New Mexico
3
Oklahoma . _
_ _ _ _ __.
410
390
1,163
Total Western S t a t e s . . . _.
Washington _
150
361
Oregon
56
California _ _
46
524
Idaho
2
28
Utah
Nevada _
Arizona. ._
_
__
9
Total Pacific States
__.
980
196
Total United States (exclusive of possessions) _ _
19,680
11,296
Alaska (nonmember banks) __
The Territory of Hawaii (non1
member bank) _ _
Virgin Islands of the United States
(nonmember bank) _
_
1
Total possessions (nonmem2
ber banks)
__
Total United States and
19,682
11,296
possessions _ _ _
New York City (central Reserve
5,972
city)...
_ _
296
4
Chicago (central Reserve city).. .
418
4,121
Other Reserve cities
12,662
Country banks (member banks)
6,304
1,199
Possessions (nonmember banks) _ 2
1
Not including recoveries credited to reserve accounts.
2
Not including losses charged to reserve accounts.




Total
On securities
recoveries,
transfers
from reserve Losses Transfers
to
accounts
and
and
charge- reserve
accounts
profits
offs

On loans

On securities
Location

25
32
442
119
31
6
134
22
273

39
28
189
181
203
108
280
198
388

1,084
2,289
142
15

1,614
203
83
1,630
21
11

34
28

2
97

671

6
1
108
14
10
13
3
161
26
342

All
other

76
151
730
162
59
75
275
163
621

140
49

2,088
1,615
679
1,989
940
64

40
35

76
169

10
14

313
46

815

4,291

2,047

362

37,474

24,540

23,941

17

66

660
474
230
936
547

50
42
383
487
214
90
385
62
375

1,718
6,905
2,819
1 106
5,350
305
106

2,312
680
296

3

209
232

1,899

44
597
6
144

137
928
788

1,083
5

Total
losses,
charge-offs,
and transfers to
reserve
accounts

On loans
Losses Transfers
to
and
charge- reserve
accounts
offs
32
33
326
317
256
96
351
309
487

390

1,049
1,757
839
157
204
693
759

All
other

160
78
710
300
361
46
180
105
995

676

1,202
3,773
1,949
1,132
436

34
14

1,724
7,572
4,466
322
12,356
864
591

2,935
442
181
1,264
22
27

1,609
1,235
3,718
15,730
7,985
1,831
17,167
1,860
701

2
49

101
641

23
73

136
777

2,207
674
649
475

2,055

9,931

5,311

1,876

1,897

19,341

2,032

30,457

44,446
2

161,377
10

46,600

23,555

19,373
39

160,594

26,954
9

277,076
98

7

91

15

31

267

1

1

9

102

16

17

74

37,491

24,614

23,941

44,455

161,479

46,616

6,902
5,704
15,092
9,776
17

3,064
5,448
5,652
10,376
74

15,624
2,960
3,649
1,708

8,917
10,608
12,540
12,381
9

40,775
25,142
53,716
41,744
102

4,255
1,289
16,576
24,480
16

50

221

1

2

260

50

41

367

23,555

19,633

160,644

26,995

277,443

2,745
1,836
14,545
4,429

211
4,193
4,845
10,124
260

18,713
16,978
65,574
59,329
50

2,695
1,920
10,452
11,887
, 41

28,619
26,216
111,992
110,249
fen i367

I

si
o

TABLE NO. 13—Earnings^egcpenses, and dividends of national banks for the year ended Dec. 31, 1948—Continued
[In \ housands of dollars]
Taxes on net income
Profits
before
income
taxes

Location

MaineNew 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 Middle Western States. _ _




Federal

1,214
1,383
1,005
18,779
2,182
3,391

415
422
284
4,080
777
1.058

27,954

State

Ratios

Dividends
Net
profits
before
dividends

On
preferred
stock

On common stock
Cash
dividends

Stock
dividends
25
1
20

Total
dividends

651
433
313
8,759
906
1,934

Capital
funds1

22,016
19,059
13,309
251,155
25,038
56,978

Net
profits
before
dividends
to capital
funds
Percent
3.63
5.04
5.11
5.42
5.21
3.81

Expenses
to gross
earnings
Percent
69.41
66.90
68.03
64.70
52.50
69.81

41
1,097
101
163

799
961
680
13,602
1,304
2,170

11

626
431
287
8,750
906
1,603

7,036

1,402

19,516

27

12,603

366

12,996

387,555

5.04

65.54

105,190
13,322
52,862
450
4,298
3,371

23,375
3,650
14,467
136
1,119
1,387

3,230

78,585
9,672
38,395
314
3,179
1,984

392
390
6
1

35,730
3,078
20,685
178
2,028
1,320

685
645
318

36,807
4,113
21,009
179
2,123
1,320

1,032,123
157,080
701,921
5,503
50,096
34,313

7.61
6.16
5.47
5.71
6.35
5.78

61.14
69.40
60.53
57.53
63.26
64.57

179,493

44,134

3,230

132,129

789

63,019

1,743

65,551

1,981,036

6.67

61.99

8,950
4,584
3,811
2,795
5,713
7,618
7,889
1,267
6,059
34,004
3,709
4,442
7,907

2,788
1,318
1,165
871
2,161
2,477
2,283
270
1,964
10,446
877
1,187
2,292

582
100

422

5
4
1
42
5
11
13

2,861
1,062
876
856
2,372
1 819
2,043
389
1,519
11,459
944
1,270
2,404

161
2,618
199
90
50

3,443
1,162
876
856
2,372
1,819
2,468
393
1,681
14,119
1,148
1,371
2,467

79,017
36,862
27,842
20,158
53,740
73,438
58,040
11,739
54,265
285,880
24,882
40,086
76,508

7.80
8.86
9.50
8.86
6.61
7.00
8.93
8.49
7.55
8.24
11.38
8.12
7.34

60.34
56.45
59.67
59.37
67.11
63.94
58.37
70.29
65.21
58.95
57.44
59.07
59.60

98,748

30,099

560

68,089

81

29,874

4,220

34,175

842,457

8.08

60.59

16,930
9,466
54,142
12,543
4,881
11,373
4,405
10,839

5,397
2,517
15,025
3,454
1,291
2,995
1,023
2,692

212
7
35
46
6
37
1

5,790
2,195
16,899
4,740
2,273
3,697
1,105
3,324

610
1,050
15,340
20
221
268

203

11,533
6,949
39,117
9,089
3,587
7,709
3,382
7,944

1,215

6,612
3,252
32,274
4,806
2,500
4,002
1,106
4,539

221,671
89,773
536,641
136,296
85,501
123,850
41,614
90,325

5.20
7.74
7.29
6.67
4.20
6.22
8.13
8.79

66.15
65.38
63.05
66.50
69.58
65.76
62.41
61.86

124,579

34,394

875

89,310

344

40,023

18,724

59,091

1,325,671

6.74

64.72

138

3
669

6 162
3,266
2,646
1,786
3,552
5,141
5,184
997
4,095
23,558
2,832
3,255
5,615

1
6
9

320

95

420

TABLE NO. 13—Earnings, expenses, and dividends of national banks for the year ended Dec. 81, 1948—Continued
[In thousands of dollars]

CO
OS

Taxes on rLet income
Profits
before
income
taxes

Location

Federal

State

Ratios

Dividends
Net
profits
before
dividends

On
preferred
stock

On common stock
Cash
dividends

Stock
dividends

1,974
1,657
5,423
6,303
1,843
1,354
6,610
1,646
12,190

530
490
1,395
1,661
523
373
1,914
557
3,254

39,000

10,697

10,235
10,711
99,283
1,890
2,223
1,601
2,778

2,288
2,322
32,399
727
781
464
894

Total Pacific States. _

128,721

39,875

Total United States (exclusive of
possessions) _ -

598,495

166,235

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

370
1,201

166
280

55

12

43

3

5

Total possessions (nonmember banks)

1,626

458

1,168

3

393

Total United States and possessions

600,121

166,693

9,671

423,757

1,304

192,603

36,691

88,298
37,820
240,846
231,531
1,626

19,048
10,006
72,407
64,774
458

2,498
4,015
3,158

66,752
27,814
164,424
163,599
1,168

33
276
992
3

31,220
12,585
86,315
62,090
393

15,000
11,185
10,506

North Dakota
South Dakota
Nebraska
Kansas
Montana
Wyoming
Colorado.
Now IVIexico
Oklahoma _

_ __

Total Western States
Washington
Oregon
California
Idaho
Utah
Nevada
Arizona

_

______

New York City (central Reserve city)
Chicago (central Reserve city) _
Other Reserve citiesCountry banks (member banks)
Possessions (nonmember banks)

31
54

Total
dividends

Expenses
to gross
earnings

1
1
2
2
2

382

1,413
1,113
4,028
4,642
1,320
981
4,439
1 089
8,554

406
381
1,590
1,397
611
273
1,299
328
3,042

1,289
867
175
85
272
615
365

456
381
2,880
2,265
788
360
1,573
943
3,407

11,505
11,843
48,851
46,010
12,341
9,000
47,598
9,678
83,829

12.28
9.40
8.25
10.09
10.70
10.90
9.33
11.25
10.20

58 77
59.52
61 36
58.70
59 67
60 25
59.12
60.23
54.73

724

27,579

8

9,327

811
1,894
6
54
115

7 947
7,578
64,990
1,157
1,388
1,137
1,769

2,880

85,966

9,671

422,589

257

50

3,718

13,053

280,655

9.83

58.35

110
6,560
1,000
250

21

2,948
1,697
30,228
419
1,385
149
538

2,948
1,807
36,819
1,419
1,635
149
559

86,500
65,521
516,115
14,094
13,863
7,003
12,507

9.19
11 57
12.59
8 21
10.01
16.24
14.14

64.63
62 18
61.06
60 38
59.83
58.52
67.22

52

37,364

7,920

45,336

715,603

12.01

61.65

1,301

192,210

36,691

230,202

5,532,977

7.64

62.30

68
320

1,825
10,841

11.18
8.50

56.00
71.58

8

350

12.29

61.90

396

13,016

8.97

68.66

230,598

5,545,993

7.64

62.32

31,220
27,618
97,776
73,588
396

835,356
371,056
2,185,148
2,141,417
13,016

7 99
7.50
7.52
7.64
8.97

58 50
60.16
62.20
63.51
68.66

31

68
320

204
921

1
Represents aggregate book value of capital stock, surplus, undivided profits, reserves, and retirement fund for preferred stock,
for Dec. 31, 1947, June 30, 1948, and Dec. 31, 1948.




Capital
funds1

Net
profits
before
dividends
to capital
funds

Figures are averages of amounts reported

TABLE NO. 14.—Earnings, expenses, and dividends of national banks, by Federal Reserve districts, for the year ended Dec. 81,1948
[In thousands of dollars]
District
No. 1
Earnings from current operations:
Interest and dividends on:
U. S. Government obligations
Other 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 operations
Current operating expenses:
Salaries and wages:
Officers
Employees other than
officers
1

Number of officers
Number ofl 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 other than on net income
Recurring depreciations on banking house,
furniture and fixtures
Other current operating expenses
Total current operating expenses
Net earnings from current operations
Recoveries, transfers from reserve accounts and
profits:
On securites:
Recoveries
Transfers from reserve accounts
Profits on securities sold or redeemed. _.
On loans:
Recoveries
Transfers from reserve accounts
All other
Total recoveries, transfers from reserve
accounts and profits




District
No. 2

District
No. 3

District
No. 4

District
No. 5

District
No. 6

District
No. 7

District
No. 8

District
No. 9

District
No. 10

District
No. 11

District
No. 12

Grand
total

Nonmember

30,702
4,422
46,171
534
6,095

99,382
20,220
121,923
2,560
12,681

39,679
10,567
46,712
329
4,423

49,194
12,642
61,743
598
5,878

28,243
3,533
41,932
265
4,856

32,633
7,112
53,482
203
7,359

105,349
16,547
109,007
2,234
13,378

19,540
5,182
35,030
245
2,719

23,747
3,251
29,325
339
4,099

31,229
5,392
51,187
271
7,024

29,826
5,782
67,475
378
5,702

86,784
16,044
224,256
3,788
23,113

2,361
207
2,385
15
355

578,669
110,901
890,628
11,759
97,682

2,226
4,299
7,226

4,710
10,484
25,080

1,649
2,720
4,019

2,351
6,854
9,121

2,260
2,868
3,197

5,863
3,007
6,931

4,787
11,482
14,800

2,104
1,109
2,630

3,919
1,976
3,460

2,499
2,025
5,617

3,505
1,823
8,369

7,022
10,727
17,402

540
9
162

43,435
59,383
108,014

101,675

297,040

110,098

148,381

87,154

116,590

277,584

68,559

70,116

105,244

122,860

389,136

11,147
20,818
1,731

28,137
66,238
3,653

10,991
18,799
2,284

14,696
25,545
2,504

9,927
14,673
1,832

12,372
21,291
2,033

26,849
56,804
3,723

8,197
11,548
1,639

8,916
12,868
1,729

14,387
17,820
2,886

15,349
20,263
2,699

35,917
80,115
5,717

690
1,398
73

197,575
368,180
32,503

9,835

26,526

8,126

11,483

7,235

10,057

24,103

5,977

6,402

8,834

9,616

31,313

434

159,941

707

1,549

1,460

914

696

622

1,138

501

480

598

662

667

14

10,008

7,842
89
2,859

20,183
532
6,780

12,960
114
3,395

15,052
105
8,954

7,979
101
2,909

8,737
79
4,692

28,183
479
9,397

5,177
63
2,531

7,301
46
1,460

4,372
100
2,498

4,235
31
7,051

52,460
75
8,652

1,026
150

175,507
1,814
61,328

1,784
21,186

3,533
59,205

1,940
18,175

2,364
25,391

1,547
14,963

2,135
23,905

3,357
52,993

1,058
12,586

911
12,977

1,555
20,491

2,060
22,990

5,296
56,707

129
736

27,669
342,305

6,034 1,900,471

66,432

186,157

67,834

93,021

52,795

73,833

179,200

41,661

44,959

61,821

72,641

239,889

4,143 1,184,386

35,243

110,883

42,264

55,360

34,359

42,757

98,384

26,898

25,157

43,423

50,219

149,247

1,891

716,085

902
1,690
3,164

864
6,204
9,214

6,000
781
1,853

1,320
343
3,752

610
61
1,055

313
321
1,203

2,520
111
8,798

1,228
538
1,153

3,032
81
684

1,184
537
1,178

727
433
1,129

980
196
4,291

2
17

19,682
11,296
37,491

1,475
3,300
2,112

4,834
15,745
10,923

1,814
26
3,286

1,043
326
3,193

933
56
1,118

950
145
2,314

6,777
3,257
13,407

497
32
974

1,139
52
1,042

1,397
305
2,127

1,634
335
1,895

2,047
•362
2,055

74
9

24,614
23,941
44,455

12,643

47,784

13,760

9,977

3,833

5,246

34,870

4,422

6,030

6,728

6,153

9,931

102

161,479

TABLE NO. 14.—Earnings, expenses, and dividends of national banks, by Federal Reserve districts, for the year ended Dec. 31,1948—Continued
CO

[In thousands of dollars]
District
No. 1
Losses, charge-offs and transfers to reserve
accounts:
On securities:
Losses and charge-offs
Transfers to reserve accounts _,
On loans:
Losses and charge-offs
Transfers to reserve accounts
All other
Total losses, charge-offs and transfers to
reserve accounts
Profits before income taxes.

-

—

Taxes on net income:
Federal
State
Total
Net profits before dividends...
Dividends:
On preferred stock
On common stock:
Cash dividends
Stock dividends
Total dividends

Number of banks1
Loans
Securities
Capital stock (par value)
Capital funds




District
No. 3

District
No. 4

District
No. 5

District
No. 6

District
No. 7

District
No. 8

District
No. 9

District
No. 10

District
No. 11

District
No. 12

Nonmember

Grand
total

7,194
3,424

4,639
5,645

4,653
3,373

2,142
87

2,284
426

7,!
2,788

706
13,631
1,657

1,548
27,196
3,787

537
11,178
2,798

634

9,820
1,254

1,275
9,477
2,086

6,667
32,099
5,615

20,816

43,149

22,040

22,539

10,782

15,548

27,070

115,518

33,984

42,798

27,410

32,455

6,718

26,241
3,269

9,953

11,859

8,578
138

10,142
422

8,081

29,510

9,953

11,859

8,716

10,564

21,407

5,524

5,719

18,989

86,008

30,939

18,694

21,891

56,690

15,878

12,802

611

189

212

84

23

43

42

52

3

1,304

12,359
46

38,171
1,350

13,196
493

15,081
735

9,097
631

25,434
16,173

6,552
734

5,577
671

8,544
4,328

11,948
2,833

37,364
7,920

393

192,603
36,691

12,421

40,132

13,878

16,028

8,887
777
9,664

9,751

41,691

7,309

6,291

12,878

14,823

45,336

396

230,508

538
2,220

73

316

4,463
278

2
317

261

385
676

37
140

97

19
467

310

1,339

5,582
6,519

45
1,798

3,247
7,315

79
1,049

2,030
1,356

19
984

240
1,090

927
3,609

497
705

75
527

428
1,047

67
2,290

1,099
9,079

8,753
30,849

279
292
532
469
339
565
323
346
473
556
187
1,271,074 3,942, 155 1,098,464 1,662,082 951,464 1,250,628 3,196,632 892,221 714,464 1,113,892 1,524,303 4,856,956
7
312 2,,602,288 3,509,215 ,916,973 2,,476,361 7,535,877 1,491,294 ,666,443 2,,464,672 2,227,894 6,342,090
2,099, 716 ^,447,
333,542 127,403 196,387 78,149 97,632 281,674
60,811
89,096 112,033 248,866
55,779
118,568
346 1,156,114 421,030 575,832 243,422 285,259 823,319 183,790 176,184 275,743 300,335 715,603
376,

4,997
6
59, 669 22,534,004
146,380 41,926,515
4,550 1,804,490
13,016 5,545,993

_ _.

Memoranda items:
Recoveries credited to reserve accounts (not
included in recoveries above):
On securities
On loans
Losses charged to reserve accounts (not included in losses above):
On securities
On loans

District
No. 2

00

24,031

2,434
859
517
5,438
670

1,587
1,851

2,383
766

3,156
467

5,311
1,876

16

46,616
23,555

804
6,772
1,652

1,862
6,178
2,442

2,244
12,371
2,135

1,897
19,341
2,032

260
50
41

19,633
160,644
26,995

55,157

9,918

12,666

13,631

20,373

30,457

367

277,443

78,097

21,402

18,521

36,520

35,999

128,721

21,405
2

5,368
156

4,964
755

9,955
676

11,177
10

39,875

10,631

11,187

42,755

458

176,364

25,889

24,812

85,966

1,168

423,757

600,121
458

166,693
9,671

Ratios:
To gross earnings:
Interest and dividends on securities
Interest and discount on loans
Service charges on deposit accounts
All other current earnings

34.55
45.41
5.99
14.05

40.26
41.05
4.27
14.42

45.64
42.43
4.01
7.92

41.68
41.61
3.96
12.75

36.46
48.11
5.57
9.86

34.09
45.871
6.31
13.73

43.91
39.27
4.82
12.00

36.06
51.09
3.97
8.88

38.50
41.82
5.85
13.83

34.80
48.64
6.67
9.89

28.98
54.92
4.64
11.46

26.42
57.63
5.94
10.01

42.56
39.53
5.88
12.03

36.29
46.86
5.14
11.71

Total gross earnings

100.00

100.00

100.00

100.00

100.00

100.00

100.00

100.00

100.00

100.00

100.00

100.00

100.00

100.00

Salaries, wages and fees
Interest on time deposits
All other current expenses

32.14
7.71
25.49

32.29
6.80
23.58

28.38
11.77
21.46

27.74
10.14
24.81

29.02
9.16
22.40

29.41
7.49
26.43

30.55
10.15
23.86

29.53
7.55
23.69

31.75
10.41
21.96

31.17
4.15
23.42

29.53
3.45
26.15

29.99
13.48
18.18

34.84
17.00
16.82

30.30
9.23
22.79

65.34

62.67

61.61

62.69

60.58

63.33

64.56

60.77

64.12

58.74

59.13

61.65

68.66

62.32

34.66

37.33

38.39

37.31

39.42

36.67

35.44

39.23

35.88

41.26

40.87

38.35

31.34

37.68

3.63

3.09

4.25

3.71

4.41

4.28

3.41

3.93

4.10

4.60

4.43

4.62

4.00

3.95

1.67

1.61

1

1.76

1.66

1.60

1.62

1.66

1.62

1.49

1.60

1.62

1.75

1.64

Total current expenses
Net current earnings
To loans: Interest and discount on loans
To securities: Interest and dividends on
securities
To capital stock (par value):
Net current earnings
Net profits before dividends
Cash dividends
To capital funds:
Net current earnings
Net profits before dividends
Cash dividends

29.72
16.02
10.44

33.24
25.79
11.63

33.17
18.86
10.51

28.19
15.75
7.79

43.97
23.92
11.37

43.79
22.42
9.34

34.93
20.13
9.06

44.23
26.11
10.81

45.10
22.95
10.08

48.74
29.06
9.60

44.83
22.15
10.70

59.97
34.54
15.03

41.56
25.67
8.70

39.68
23.48
10.75

9.36
5.05
3.29

9.59
7.44
3.35

10.04
5.71
3.18

9.61
5.37
2.66

14.11
7.68
3.65

14.99
7.67
3.20

11.95
6.89
3.10

14.64
8.64
3.58

14.28
7.27
3.19

15.75
9.39
3.10

16.72
8.26
3.99

20.86
12.01
5.23

14.53
8.97
3.04

12.91
7.64
3.50

1
Number at end of year. Remaining figures include earnings, expenses, etc., of those banks which were in operation a part of the year but were inactive at the close of the year.
NOTE:—The figures of loans, securities, capital stock, and capital funds are averages of amounts reported for Dec. 31, 1947, June 30, 194S, and Dec. 31, 1948.




O

W
O
O

F

TABLE NO. 15.—Earnings, expenses, and dividends of national banks, by size of banks, for the year ended Dec. 31, 1948

O

TOTAL UNITED STATES AND POSSESSIONS

o

[In thousands of dollars]
Banks operating throughout entire year with deposits on Dec. 31, 1948, ()f$500,000 $500,001 $750,001 $1,000,001 $2,000,001 $5,000,001 $10,000,001 $25,000,001 $50,000,001 $100,000,001 $500,000,001
and
to
to
to
to
to
to
to
to
to
and
over
under $750,000 $1,000,000 $2,000,000 $5,000,000 $10,000,000 $25,000,000 $50,000,000 $100,000,000 $500,000,000
Number of banks
41
Total deposits
16,429
Capital stock, par value
1,407
Capital funds._
2,565
Earnings from current operations:
Interest and dividends on:
U. S. Government obligations
111
30
Other securities _
404
Interest and discount on loans
Service charges and other fees on banks' loans..
4
Service charges on deposit accounts
31
Other service charges, commissions, fees, and
24
collection and exchange charges
23
Trust department
Other current earnings
16
643
Total earnings from current operations
Current operating expenses:
Salaries and wages:
179
Officers
46
Employees other than officers
Fees paid to directors and members of executive,
8
discount, and advisory committees
Interest on time deposits (including savings
23
deposits)
Interest and discount on borrowed money
Taxes other than on net income
26
Recurring depreciation on banking house, furni10
ture and fixtures
115
Other current operating expenses
407
Total current operating expenses
236
Net earnings from current operations
.
Recoveries, transfers from reserve accounts, and
profits:
On securities:
Recoveries
Transfers from reserve accounts
Profits on securities sold or redeemed
16
On loans:
Recoveries
25
Transfers from reserve accounts




105
67,988
3,560
7,646

Total

15
4,978
26,359,206 81,563,916
626,683 1,825,489
2,045,452 5,664,020

899
184
1,831
162,459 1,362,659 5,958,579
7,211
149,770
44,343
449,316
120,033
16,450

942
6,565,532
143,835
453,987

587
8,855,954
194,554
581,156

190
6,512,056
131,380
394,811

86
6,236,373
125,389
374,622

98
19,466,681
397,357
1,217,982

11,699
2,347
20,915
106
2,355

50,382
10,836
77,651
498
9,673

53,634
11,714
81,880
807
11,495

70,961
13,544
100,167
764
15,158

48,048
9,088
66,874
912
10,603

42,998
6,969
59,914
866
8,128

126,006
18,291
191,338
1,626
17,216

170,865
37,271
284,514
6,098
22,271

576,732
110,472
887,538
11,703
97,352

70

1,445
264
2,575
15
306
187

48
2,248

133
4,925

1,453
36
1,069
39,980

5,168
634
4,716
159,558

4,903
1,897
6,097
172,427

5,579
5,228
10,395
221,796

3,947
4,549
9,042
153,063

3,345
5,635
8,745
136,600

9,983
17,924
23,576
405,960

8,658
23,191
43,940
596,808

43,317
59,117
107,777
1,894,008

522
161

1,049
410

7,499
3,859

25,121
19,486

23,021
25,570

25,808
39,473

16,341
30,992

14,225
28,800

37,748
89,009

45,221
129,155

196,734
366,961

583
118
1,306
7
116

37

74

615

2,275

1,827

1,800

854

592

1,194

686

9,962

161
4
64

431
5
155

3,920
41
1,215

17,808
103
5,250

19,762
95
5,526

24,810
96
7,604

14,159
119
5,141

11,788
112
4,905

28,204
415
15,334

53,582
820
15,937

174,648
1,810
61,157

32
394
1,375
873

95
858
3,077
1,848

759
6,557
24,465
15,515

2,956
25,618
98,617
60,941

2,975
29,419
108,195
64,232

4,058
39,249
142,898
78,898

2,521
30,777
100,904
52,159

2,638
28,233
91,293
45,307

5,786
81,808
259,498
146,462

5,736
97,890
349,027
247,781

27,566
340,918
1,179,756
714,252

11

12

170

20

40

349

909
81
1,600

1,643
471
1,805

2,102
425
2,420

983
368
2,189

982
438
2,701

6,195
2,673
8,430

6,105
6,750
17,530

19,112
11,206
37,100

57
3

87
1

620
21

2,222
198

2,189
288

2,556
275

2,055
816

1,357
270

3,307
1,925

10,066
20,113

24,541
23,910

All other
Total recoveries, transfers
accounts and profits

from

1

11

42

257

1,365

1,798

3,321

3,204

4,174

8,854

20,888

43,915

42

102

182

1,417

6,375

8,194

11,099

9,615

9,922

31,384

81,452

159,784

7

44
3

81
12

903
210

4,501
847

6,176
909

5,196
1,121

5,099
1,244

5,511
771

11,795
4,817

6,544
13,596

45,857
23,530

40
1
5

138
53
17

132
87
49

944
1,158
396

2,752
6,486
2,129

2,329
10,882
2,496

1,965
17,461
3,218

1,638
14,733
2,858

1,600
14,485
2,816

2,546
41,657
7,485

5,443
53,223
5,400

19,527
160,226
26,869

reserve

Losses, charge-offs, and transfers to reserve accounts:
On securities:
Losses and charge-offs
Transfers to reserve accounts
On loans:
Losses and charge-offs
Transfers to reserve accounts
Allother
Total losses, charge-offs and transfers to
reserve accounts
._.

53

255

361

3,611

16,715

22,792

28,961

25,572

25,183

68,300

84,206

276,009

225

720

1,669

13,321

50,601

49,634

61,036

36,202

30,046

109,546

245,027

598,027

33
3
36

138
7
145

270
20
290

2,464
167
2,631

11,235
616
11,851

14,315
622
14,937

18,538
820
19,358

11,859
390
12,249

10,031
419
10,450

32,947
2,338
35,285

64,347
4,254
68,601

166,177
9,656
175,833

189

575

1,379

10,690

38,750

34,697

41,678

23,953

19,596

74,261

176,426

422,194

2

6

16

80

249

265

66

344

276

70
10
80

208
30
240

427
34
467

3,286
196
3,498

12,438
2,211
14,729

12,909
1,285
14,443

16,438
3,171
19,874

11,107
2,339
13,512

9,635
3,240
13,219

40,200
3,175
43,651

85,521
21,000
106,521

192,239
36,691
230,234

6

2

1
73

15
330

99
480

41
556

39
528

60
508

688
1,269

4,639
2,732

5,582
6,484

1

1
12

4
16

71
256

271
1,209

250
1,969

186
2,717

517
1,961

208
1,937

2,187
7,364

4,972
13,373

8,667
30,815

16
10
6
5

21
13
8
5

27
17
10
7

44
27
17
12

87
54
33
21

183
115
68
37

378
244
134
71

806
531
275
126

1,588
1,061
527
228

4,142
2,648
1,494
758

39,787
23,268
16,519
11,762

380
237
143
85

$1.44
1.15

$ 1.28
.85

$ 1.14
.85

$ 1.14
.78

$ 1.02
.65

...

9.20
7.37
2.73

11.42
7.52
2.75

11.23
8.38
2.63

12.93
8.91
2.75

13.56
8.62
2.V9

14.15
7.64
2.90

13.58
7.17
2.87

13.21
6.07
2.83

12.09
5.23
2.66

12.02
6.10
3.32

12.11
8.63
4.18

12.61
7.45
3.42

Number of officers at end of period
Number of employees other than officers at end of period

95
45

228
147

433
333

2,442
2,726

6,525
11,265

4,707
12,954

4,242
19,225

2,241
14,630

1,794
13,439

4,389
37,121

5,339
47,850

32,435
159,735

Profits before income taxes
Taxes on net income:
Federal
State
Total
Net profits before dividends
Dividends:
On preferred stock .
On common stock:
Cash dividends
Stock dividends
Total dividends
Memoranda items:
Recoveries credited to reserve accounts (not
included in recoveries above):
On securities
On loans
Losses charged to reserve accounts (not included
in losses above):
On securities __
_
On loans
_ _
Average per bank:
Gross earnings from current operations. ._
Current operating expenses
Net earnings from current operations
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

_

$

.98
.53

$

.89
.47

$

.80
.37

$

.73
.31

$

.75
.38

1,304

$

.94
.67

$

.88
.52

NOTE:—The deposits, capital stock, and capital funds shown in this table are as of end of period. Capital funds represents the aggregate book value of capital stock, surpLus, undivided profits, reserves
and retirement fund for preferred stock.




102

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE NO. 16.—Earnings, expenses, and dividends of national banks, years ended
Dec. 81, 1946-1948
[In thousands of dollars. Figures for previous years, beginning 1917, published in reports for 1938,
p. 100; 1940, p . 17; 1942, p . 34; 1943, p . 30, and 1946, p . 98]

Number of banks1 _
Capital stock,2 par value2
Capital funds

____
_.

___.

Earnings from current operations:
Interest and dividends on:
U.S. Government obligations
Other 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
_ _ __

1946

1947

1948

5,013

5,011

4,997

1,699,833
4,893-038

1,769,205
5,293267

1,804,490
5,545-993

Amount Percent
to total

Amount Percent
to total

Amount Percent
to total

701,612
102,614
507,212
7,707
69,387

44.59
6.52
32.23
.49
4.41

620,531
105,120
706,319
9,943
83,342

35.98
6.09
40.95
.58
4.83

578,669
110,901
890.628
11,759
97,682

30.45
5.84
46.86
.62
5.14

45,059
50,399
89,524

2.87
3.20
5.69

43,323
55,063
101,193

2.51
3.19
5.87

43,435
59,383
108,014

2.29
3.12
5.68

100.00 1,900,471

100.00

1,573,514

Total earnings from current operations
Current operating expenses:
Salaries and wages:
Officers
-.
... . _ .
Employees other than
officers
Number of officers1
_
Number of employees other than officers1
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 other than on net income
Recurring depreciation on banking house, furniture,
and fixtures
Other current operating expenses
Total current operating expenses
Net earnings from current operations

158,789
284,834
29,690
147,617

16.69
29.93

178,354
333,143
81,625
155,654

16.50
30.82

197,575
368,180
82,508
159,941

16.68
31.09

8,206
144,514
1,101
54,319

.86
15.19
.12
5.71

9,182
163,286
1,354
59,071

.85
15.11
.13
5.47

10,008
175,507
1,814
61,328

.84
14.82
.15
5.18

23,265
276,544

2.44
29.06

24,146
312,204

2.34
28.90
100.00

951,572

100.00 1,080,740

2.23
27,669
28.89 342,305
100.00 1,184,386

621,942

644,094

716,085

Recoveries, transfers from reserve accounts, and profits:3
On securities:
Recoveries
] 33,816
Transfers from reserve accounts
110,518
Profits on securities sold or redeemed
On loans:
Recoveries
| 41,313
Transfers from reserve accounts
29,010
All other
Total recoveries, transfers from reserve accounts
214,657
and profits
Losses, charge-offs, and transfers to reserve accounts:
On securities:
Losses and charge-offs
Transfers to reserve accounts
On loans:
Losses and charge-offs
Transfers to reserve accounts
All other

100.00 1,724,834

19,682
11,296
37,491

12.19
7.00
23.22

18.67

24,614
23,941
44,455

15.24
14.82
27.53

100.00

161,479

100.00

46,616
23,555

16.80
8.49

19,633
43.53J 160,644

15.92J

15.75
51.49

25,571
61,421

19.25
13.51

43,629
29,991

100.00

160,612

} 74,620

47.92

69,785

41.3o{

} 44,520
36,569

28.59
23.49

73,542
25,639

155,709

100.00

38.24

27.17J

4

Total losses, charge-offs and transfers to reserve
accounts

168,966

15.17

26,995

7.08
57.90
9.73

100.00

277,443

100.00

Profits before income taxes

680,890

635,740

600,121

Taxes on net income:
Federal
State

174,454
11,538

172,614
10,143

166,693
9,671

Total taxes on net income
Net profits before dividends




185,992

182,757

176,364

494,898

452,983

423,757

103

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE NO. 16.—Earnings, expenses, and dividends of national banks, years ended
Dec. 31, 1946-1948—Continued
p. 100; 1940, p. 17; 1942, p. 34; 1943, p. 30, and 1946, p 98J

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

___.
__

_

___

_-

Total current expenses
Net current earnings
Ratio of cash dividends to capital stock (par value)
Ratio of cash dividends to capital funds

1947

1948

Amount Percent
to total

Amount Percent
to total

Amount Percent
to total

2,427

1,372

1,304

167,702
28,165

182,147
23,450

192,603
36,691

198,294

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

1946

-

206,969
Percent
28.71
9.18
22.58

230,598
Percent
30.19
9.47
23.00

Percent
30.30
9.23
22.79

60.47

62.66

62.32

39.53

37.34

37.68

10.01
3.48

10.37
3.47

10.75
3.50

1
Number at end of period. Remaining figures include earnings, expenses, etc., of those banks which were in operation
a part
of the year but were inactive at the close of the year.
2
Figures are averages of amounts reported for the June and December call dates in the current year and the December
call
date in the previous year.
3
Not including recoveries credited to reserve accounts.
4
Not including losses charged to reserve accounts.




TABLE NO. 17.—Number of national banks, capital stock, capital junds, net profits, dividends, and ratios, years ended Dec. 31,1929-48
[In thousands of dollars. Figures for previous years published in report for 1938, p . 115]
Capital stock (par value)1
Number
of banks

1929
1930
1931
1932
1933
1934
1935
1936
1937
1938 .
1939
1940
1941
1942
1943
1944
1945
1946
1947
1948 .

7,408
7,038
6,373
6,016
3 5,159
3 5,467
5,392
5,331
5,266
5,230
5,193
5,150
5,123
5,087
5,046
5,031
5,023
5,013
5,011
4,997

Preferred

92,469
349,470
510,511
447,501
305,842
267,495
241,075
204,244
182,056
156,739
135,713
110,597
80,672
53,202
32,529
25,128

Common

1,650,574
1,724,028
1,680,780
1,597,037
1,507,834
1,359,573
1,280,813
t.259.027
1,285,946
1,310,243
1,320,446
1,328,071
1,341,398
1,354,384
1,372,457
1,440,519
1,536,212
1,646,631
1,736,676
1,779,362

Total

1.ftSO.fi74
,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
1,551,116
1,616,884
1,699,833
1,769,205
1,804,490

1
Averages of amounts from reports of condition made in each year.
23 Deficit.
Licensed banks, i. e., those operating on an unrestricted basis.




Dividends
Capital1
funds

3,754,398
3,919,950
3,753,412
3,323,536
2,981,678
2,982,008
3,084,092
3,143,029
3,026,194
3,281,819
3,380,749
3,463,862
3,596,865
3,684,882
3,860,443
4,114,972
4,467,718
4,893,038
5,293,267
5,545,993

Net
profits
before
dividends

291,944
158,411
2 54,550
2
164,737
2 286,116
2 153,451
158,491
313,826
228,021
198,649
251,576
241,465
269,295
243,343
350,457
411,844
490,133
494,898
452,983
423,757

On
preferred
stock

558

10,103
18,862
18,166
11,532
9,378
8,911
8,175
7,816
6,683
6,158
5,296
4,131
2,427
1,372
1,304

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
139,012
151,525
167,702
182,147
192,603

Stock
21,235
5,015

Cash divi- Cash diviNet profits before
dends on dends on Total cash
dividends
preferred common dividends
stock to to capital
stock to
preferred common
funds
To capital To capital
capital
stock
capital
funds
Percent

827
560

1,207
4,409
16,019
26,572
19,795
8,309
12,009
14,965
8,944
41,378
33,900
77,308
28,165
23,450
36,691

60

2.89
3.69
4.06
3.77
3.51
3.70
4.00
4.29
4.26
4.54
4.79
5.12
4.56
4.22
5.19

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
9.65
9.86
10.18
10.49
10.82

Percent
6.04
5 39
5.15
4 07
2.40
3.05
3.67
3.82
3.80
3.74
3.88
4.85
3.69
3.47
3.41
3.51
3.48
3.48
3.47
3.50

Percent
17.69
9 19
2
3.25
2
10
32
2
17.88
2 8.98
8.85
18.39
14.32
12.59
16.11
15.76
17.68
16.10
23.24
26.55
30.31
29.11
25.60
23.48

Percent
7.78
4 04
2
1 45
2
4
96
2
9 60
25.15
5.14
9.98
7.11
6 05
7.44
6 97
7.49
6.60
9.08
10.01
10.97
10.11
8 56
7.64

W

w
o

a

REPORT OF THE COMPTROLLER OF THE CURRENCY

105

TABLE NO. 18.—Total loans of national banks, losses and recoveries on loans, and
ratio of net losses or recoveries to loans, by calendar years 1929-48
[In thousands of dollars]
Net losses
or recoveries (+)

Year

Total loans
end of year

Losses and
charge-offs

Recoveries

1929
_
_____
1930
1931
1932
1933
_ _ __ __ _ _
1934
1935
1936
1937
_ _
1938__ ___
_ ___ ___
1939
1940 _ _ . _ _ _ _
1941
1942
1943
1944
1945__ __ _
__ _.
1946
_ _ _ _
1947
__
1948

15,160,227
14,369,427
11,926,828
9,847,724
8,104,209
7,491,967
7,508,784
8,271,210
8,813,547
8,489,120
9,043,632
10,027,773
11,751,792
10,200,798
10,133,532
11,497,802
13,948,042
17,309,767
21,480,457
23,818,513

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
41,039
29,652
44,520
73,542
50,482

16,675
16,124
16,679
17,490
18,851
32,045
47,375
69,658
50,342
32,152
39,927
36,751
43,658
40,659
52,900
50,348
37,392
41,313
43,629
31,133

77,045
119,170
196,091
244,077
286,383
267,144
112,746
84,956
21,502
48,138
27,244
21,498
8,331
2,475

36,755

77,121

11,959,758

Average for 1929-48.
1
2

1

2

113,876

+9,799
+9,309
+ 7,740
3,207
29,913
19,349

Ratio of
losses (or recoveries + )
to loans
Percent

.51
.83
1.64
2.48
3.53
3.57
1.50
1.03
.24
.57
.30
.21
.07
.02

+ 10
+ .08
+ .06
.02
.14
.08
.64

Excludes transfers to valuation reserves.
Excludes transfers from valuation reserves

TABLE NO. 19.—Total securities of national banks, losses and recoveries on securities,
and ratio of net losses or recoveries to securities, by calendar years 1929-48
[In thousands of dollars]

Total securities end of
year

Losses and
charge-offs

6,457,843
7,092,066
7,201,425
7,583,436
__
7,870,772
10,455,932
_
11,477,536
12,780,044
_ _ _
11,763,004
12,459,193
12,811,576
13,668,040
15,887,508
27,482,788
_ __ _ _ __ _
37,504,253
47,022,329
__ _ -_ 55,611,609
46,642,816
_ _ _ _ _ _ 44,009,966
40,228,353

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
67,574
74,627
74,620
69,785
2
55,369

8,485
6,801
9,924
29,393
1
51,050
1
120,096
1
180,545
120,534
33,777
33,453
33,631
40,993
48,157
36,170
59,652
50,302
54,153
33,816
25,571
3
25,264

54,905
64,598
174,381
155,404
193,874
86,644
+64,236
+28,770
58,566
81,828
75,747
66,967
43,977
37,083
6,356
17,272
20,474
40,804
44,214
30,105

21,800,524

108,098

50,088

58,010

Year

1929
1930
1931
1932
1933_
1934
1935
1936
1937
1938
1939
1940
1941
1942
1943
1944
1945 _
1946
1947
1948

___

Average for 1929-48
1
2
3

_

Includes profits on securities sold.
Excludes transfers to valuation reserves.
Excludes transfers from valuation reserves.




Recoveries

Net losses or
recoveries

(+)

Ratio of
losses (or
recoveries
+ ) to securities
Percent

.85
.91
2.42
2.05
2.46
.83

+ .56
+ .23
.50
.66
.59
.49
.28
.13
.02
.04
.04
.09
.10
.07
.27

106

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE NO. 20.—Foreign branches of American national banks, Dec. 31, 1948
BANK OF AMERICA NATIONAL TRUST AND SAVINGS
ASSOCIATION, SAN FRANCISCO, CALIF.:

NATIONAL CITY BANK OF N E W YORK, N.Y.—Con.

Brazil:
Pernambuco (Recife).
Porto Alegre.
Rio de Janeiro.
Santos.
Sao Paulo.
Canal Zone:
Balboa.
Cristobal.
Chile:
Santiago.
FIRST NATIONAL BANK OF BOSTON, MASS.:
Valparaiso.
Argentina:
China:
Avellaneda.
Shanghai.
Buenos Aires.
Columbia:
Buenos Aires (Alsina).
Buenos Aires (Constitucion).
Barranquilla.
Buenos Aires (Once).
Bogota.
Rosario.
Medellin.
Brazil:
Cuba:
Rio de Janeiro.
Caibarien.
Santos.
Cardenas.
Sao Paulo.
Havana.
Havana (Cuatro Caminos).
Cuba:
Havana (Galiano).
Cienfuegos.
Havana (La Lonja).
Havana.
Manzanillo.
Havana (Avenida de Italia).
Matanzas.
Havana (Avenida Maximo Gomez).
Santiago de Cuba.
Sancti Spiritus.
Santiago de Cuba.
England:
London.
London (West End).
CHASE NATIONAL BANK OF N E W YORK, N. Y.:
Hong Kong:
Canal Zone:
Hong Kong.
Balboa.
India:
Cristobal.
Bombay.
Cuba:
Calcutta.
Havana.
Japan:
England:
Osaka.
London (Berkley Square).
Tokyo.
London (Bush House, Aldwych).
Yokohama.
London (Lombard).
Mexico:
Germany:
Mexico City.
Frankfurt am Main.
Panama:
Heidelberg.
Stuttgart.
Panama City.
Peru:
Japan:
Lima.
Tokyo.
Philippines:
Panama:
Cebu.
Colon.
Clark Field.
Manila.
Panama City.
Manila (Port Area Branch).
Puerto Rico:
Puerto Rico:
San Juan.
Arecibo.
Bayamon.
Caguas.
NATIONAL CITY BANK OF N E W YORK, N. Y.:
Mayaguez.
Ponce.
Argentina:
San Juan.
Buenos Aires.
Bueno3 Aires (Flores).
Singapore:
Buenos Aires (Plaza Once).
Singapore.
Rosario.
Uruguay:
Montevideo.
Venezuela:
Caracas.
NOTE.—Consolidated statement of the assets and liabilities of the above-named branches as of Dec.
31, 1948, appears in the following table.
England:
London.
Japan:
Kobe.
Tokyo.
Yokohama.
Philippines:
Manila.




REPORT OF THE COMPTROLLER OF THE CURRENCY

107

TABLE NO. 21.—Consolidated statement of assets and liabilities of foreign branches
of national banks, Dec. 31, 1948
[In thousands of dollars]

Number of branches

83
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

407,551
128,121
163,423
320,187
226,479
6,428
33,701
11,870
1,297,760

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.)

714,723
143,323
111,668
22,721
129,723
26,797

Total deposits
1,148,955
Due to home office and branches
69,641
Bills payable and rediscounts
6,987
Acceptances executed by or for account of reporting branches and outstanding
34,017
Other liabilities
35,790
Total liabilities

1,295,390
CAPITAL ACCOUNTS

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




2,370
1,297,760

108

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE NO. 22.—Assets and liabilities of banks in the District of Columbia, by classes,
Dec. 31, 1948
[In thousands of dollars]
Total all
banks
Number of banks.

National
banks

19

Nonnationa
banks
10

ASSETS

Loans and discounts:
Commercial and industrial loans, including open-market paper..
Loans to farmers directly guaranteed by the Commodity Credit
Corporation
Other loans to farmers
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
Other loans to individuals (consumer loans)
Loans to banks
All other loans
Overdrafts
Total gross loans
Less valuation reserves.
Net loans
Securities:
U. S. Government obligations, direct and guaranteed:
Direct obligations:
Treasury bills
Treasury certificates of indebtedness
Treasury notes
Savings bonds, investment series A-1965 bonds, and
depositary bonds
Other bonds maturing in 5 years or less
Other bonds maturing in 5 to 10 years
Other bonds maturing in 10 to 20 years
Bonds maturing after 20 years
Total
Obligations guaranteed by U. S. Government (Federal
Housing Administration debentures)
Total
Obligations of States and political subdivisions
Other bonds, notes, and debentures
Corporate stocks, including stock of Federal Reserve bank

___

Total securities

96,832

65,148

31,684

24
612

24
397

215

2,892

2,087

805

139
66,037
28,324
62,669

78
26,687
15,246
28,739

61
39,350
13,078
33,930

14,790
33

7,829
19

6,961
14

272,352
1,389

146,254
955

126,098
434

270,963

145,299

125,664

46,976
67,437
16,618

20,449
53,687
14,499

26,527
13,750
2,119

24,767
152,652
125,105
26,743
6,929

11,448
84,507
83,553
9,602

2,817

13,319
68,145
41,552
17,141
4,112

467,227

280,562

186,665

467,234
3,568
37,022
1,721

280,562
1,237
25,662
787

186,672
2,331
11,360
934

509,545

308,248

201,297

22,916

24,478

31,846
1
14
10,928

18,096

7

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
47,394
Demand balances with banks in the United States (except pri49,942
vate banks and American branches of foreign banks)
1
Other balances with banks in United States
22
Balances with banks in foreign countries
18,843
Currency and coin
.__
Reserve with Federal Reserve bank and approved reserve
179,031
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
Interest, commissions, rent, and other income earned or accrued but
not collected
Other assets
Total assets.




7

8
7,915

109,200

69,831

295,233

174,905

120,328

14,714
401

6,623
106

8,091
295
1,350

1,350
1,011
1,054

342
400

669
654

1,094,271

635,923

458,348

109

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE NO. 22.—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

715,812
20,237
98
48,116
4,491

423,358
12,635
92
43,137
3,871

Nonnational
banks

LIABILITIES

Demand deposits:
Individuals, partnerships, and corporations
U. S. Government. _
States and political subdivisions
Banks in United States
_
_ __
Banks in foreign countries
_
_
Certified and cashiers' checks (including dividend checks),
letters of credit and travelers' checks sold for cash, and
amounts due to Federal Reserve bank and agents (transit
account)
_
_
_
_
Total demand deposits
Time deposits:
Individuals, partnerships, and corporations
U. S. Government
Postal savings__
States and political subdivisions
Total time deposits
Total deposits__

_

_

Bills payable, rediscounts, and other liabilities for borrowed money
Interest, discount, rent, and other income collected but not earned-_
Interest, taxes, and other expenses accrued and unpaid
Other liabilities
_
Total liabilities

292,454
7,602
6
4,979
620

17,773

13,898

3,875

806,527

496,991

309,536

209,988
2,250
25
970

100,933
500

109,055
1,750

213,233

101,458

111,775

1,019,760

598,449

421,311

1,499
2,745
2,012

407
1,547
834

1,092
1,198
1,178

1,026,016

601,237

424,779

21,000
32,225
12,369
2,661

11,400
14,850
7,218
1,218

9,600
17,375
5,151
1,443

25
970

CAPITAL ACCOUNTS

Capital stock (see memoranda below)
Surplus
Undivided profits
Reserves
_
_

__

Total capital accounts _
Total liabilities and capital accounts-_

68,255

34,686

33,569

1,094,271

635,923

458,348

21,000

11,400

9,600

70,950

33,131

37,819

MEMORANDA

Par value of common capital stock _

_

Assets pledged or assigned to secure liabilities and for other purposes
(including notes and bills rediscounted and securities sold with
agreement to repurchase) _
_




110

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE NO. 23.—Assets and liabilities of all banks in the District of Columbia at date
of each call during year ended Dec. 31, 1948
[In thousands of dollars]
Apr. 12,
1948

June 30,
1948

Dec. 31,
1948

19 banks

19 banks

19 banks

ASSETS

Loans and discounts (including c verdrafts)
U.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 bank
Reserve with Federal Reserve bank and approved reserve agencies
Currency and coin
Balances with other banks, and cash items in process of collection
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
Income earned or accrued but not collected
Other assets
Total assets

2,777
38,409
1,722
164,477
23,573
82,837
14,079
373

263,214
496,285
28
4,086
37,120
1,723
165,918
21,180
86,507
14,351
376

270,963
467,227
7
3,568
37,022
1,721
179,031
18,843
97,359
14,714
401

1,400
1,141
1,856

1,400
1,027
1,349

1,350
1,011
1,054

1,094,834

1,094,564

1,094,271

707,551
219,458
25
22,509
131
45,013
26,078
,020,765
799,782
220,983
2,000
1,031
2,013
1,394

714,963
216,494
25
24,124
124
46,257
17,398
,019,385
801,366
218,019

715,812
209,988
25
22,487
1,068
52,607
17,773
,019,760
806,527
213,233

1,107
2,513
3,821

1,499
2,745
2,012

1,027,203

1,026,826

1,026,016

20,900
31,750
11,633
3,348

20,900
31,975
11,909
2,954

21,000
32,225
12,369
2,661

253,682
508,508

LIABILITIES

Demand deposits of individuals, partnerships, and corporations__
Time deposits of individuals, partnerships, and corporations
Postal savings deposits
Deposits of U. S. Government
Deposits of States and political subdivisions
Deposits of banks
Other deposits (certified and cashiers' checks, etc.)
Total deposits
Demand deposits
Time deposits
Bills payable, rediscounts, and other liabilities for borrowed money
Income collected but not earned
Expenses accrued and unpaid
_.
Other liabilities
Total liabilities..
Capital stock: Common stock,
plus.
Undivided profits.
Reserves
Total capital accounts
Total liabilities and capital accounts

67,631

67,738

68,255

1,094,834

1,094,564

1,094,271

66,040

71,383

70,950

MEMORANDUM

Assets pledged or assigned to secure liabilities and for other
purposes
•




REPORT OF THE COMPTROLLER OF THE CURRENCY

111

TABLE NO. 24.—Assets and liabilities of nonnational banks in the District of
Columbia at date of each call during year ended Dec. SI, 1948
[In thousands of dollars]
Apr. 12,
1948

June 30,
1948

Dec. 31,
1948

10 banks

10 banks

10 banks

ASSETS

Loans and discounts (including overdrafts)
U. 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 bank
Reserve with Federal Reserve bank and approved reserve agencies
Currency and coin
Balances with other banks, and cash items in process of collection
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
Income earned or accrued but not collected
Other assets
Total assets

114,133
220,585
1,217
11,765
928
66,128
10,030
29,294
7,612
255

119,503
216,349
7
2,426
11,397
928
66,803
8,737
29,600
7,826
259

125,664
186,665
7
2,331
11,360
934
69,831
7,915
42,582
8,091
295

1,400
670
827

1,400
675
638

1,350
669
654

464,844

466,548

458,348

295,426
113,132

298,304
111,589

292,454
109,055

9,905
5
5,387
4,981
U28,836
31 4,70%
11U,132

9,047
7
5,138
5,050
1*29,135
316,5A6
112,589

9,352
976
5,599
3,875
1*21,311
309,536
111,775

LIABILITIES

Demand deposits of individuals, partnerships, and corporations__
Time deposits of individuals, partnerships, and corporations
Postal savings deposits
Deposits of U. S. Government
Deposits of States and political subdivisions
Deposits of banks
Other deposits (certified and cashiers' checks, etc.)
Total deposits
Demand deposits
Time deposits
Bills payable, rediscounts, and other liabilities for borrowed money
Income collected but not earned
Expenses accrued and unpaid
Other liabilities
Total liabilities.

714
1,071

751
1,202
2,053

1,092
1,198
1,178

431,520

433,141

424,779

9,600
17,050
4,869
1,805

9,600
17,200
4,965
1,642

9,600
17,375
5,151
1,443

CAPITAL ACCOUNTS

Capital stock: Common stock.
Surplus,
Surph
Undivided
profits.
[Jndiv
Reserves
Total capital accounts
Total liabilities and capital accounts

33,324

33,407

33,569

464,844

466,548

458,348

35,463

36,333

37,819

MEMORANDUM

Assets pledged or assigned to secure liabilities and for other
purposes




112

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE NO. 25.—Earnings, expenses, and dividends of banks in the District of
Columbia, years ended Dec. 81,1948 and 1947
[In thousands of dollars]
Years ended Dec. 31—
National
banks

Total

Number of banks
Capital stock 22_ _
Capital funds

1

__

_

1948

1947

1948

1947

1948

19

19

9

9

10

_ _ 20,933 20,750 11,333 11,067 9,600
_ _ 67,653 65,468 34,312 32,828 33,341

Earnings from current operations:
Interest and dividends on:
U S Government obligations
Other 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 operations
Current operating expenses:
Salaries and wages:
Officers
Employees other than
officers
Number of officers 1
__
Number of employees other than officers l
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 other than on net income. _
Recurring depreciation on banking house, furniture, and fixtures
Other current operating expenses.

7,584
800
10,117
57
1,910

8,310
852
7,745
31
1,660

_

4,408
410
5,157
21
894

4,781
397
3,951
15
784

1947
10

9,683
32,640

3,176
390
4,960
36
1,016

3,529
455
3,794
16
876

179
497
174
413
450
985
849
389
447
23,838 21,760 11,929 10,941 11,909

452
900
797
10,819

676
1,398
1,296

626
1,350
1,186

2,578
5,771
338
2,5U3

2,391
5,420
32U
2,5U5

1,309
2,648
171
1,117

1,202
2,518
161

1,269
3,123
167
1U26

1,189
2,902
163

200

198

91

113

109

85

1,487
9
1,258

1,547
8
1,167

664
3
566

694
4
546

823
6
692

853
4
621

466

425

4,555

3,958

16,324 15,114

Total current operating expenses—
Net earnings from current operations._

Nonnational
banks

7,514

6,646

200

266

178

2,221

247

1,981

2,334

7,702

7,236

8,-622

7,878

4,227

3,705

3,287

2,941

268

95

1,977

Recoveries, transfers from reserve accounts, and
profits:
On securities:
Recoveries
Transfers from reserve accounts
Profits on securities sold or redeemed. _ _
On loans:
Recoveries
Transfers from reserve accounts
All other

254

83 /
479

159

173 \
1
248

529
121

147

230 (
50

101

71

Total recoveries, transfers from reserve accounts and profits.
__

764

454

564

310

648

181

Losses, charge-offs, and transfers to reserve accounts :
On securities:
Losses and charge-offs
Transfers to reserve accounts
On loans:
Losses and charge-offs
Transfers to reserve accounts
All other _
. . .
Total losses, charge-offs and transfers to reserve accounts
Profits before income taxes
Taxes on net income: Federal.
Net profits before dividends




__ _ _ .

88

}

1,212

80

|

191 } 347
10

}

67
211

106 }

299

}

166 /

147 }

67
/
25
1,661 } 303 U.162 }

133 /\

42
499 }

170

446

274

525

366

79

1

92

io

2,454

1,016

1,310

391

1,144

625

5,824

6,842

3,371

3,878

2,453

2,964

_ _ . 2,235

1,851

1,387

1,091

848

760

3,589

4,991

1,984

2,787

1,605

2,204

113

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE NO. 25.—Earnings, expenses, and dividends of banks in the District of
Columbia, years ended Dec. 31, 1948 and 19A7—Continued
[In thousands of dollars]
Years ended Dec. 31—
National
banks

Total

Dividends:
Cash
Stock
Total dividends
Memoranda items:
Recoveries credited to reserve accounts (not
included in recoveries above):
On securities
On loans
Losses charged to reserve accounts (not included
in losses above):
On securities
_
On loans _ _ _ _ _ _
Ratios to gross earnings:
Salaries, wages, and fees
Interest on time deposits
All other current expenses
Total current expenses

__

Net current earnings-.

1
2

1948

1947

1948

1947

1948

1947

2,412

2,198
200

1,320

1,179
200

1,092

1,019

2,412

2,398

1,320

1,379

1,092

1,019

38

(3)

10
328

5

33
239

!

10
89

!

Percent Percent Percent Percent Percent Percent
35.86
36.81 33.93 35.04
37.80
38.60
6.24
7.11
5.57
6.34
6.91
7.89
26.38 25.54
25.07 24.76
27.69
26.33

_

Ratio of cash dividends to capital stock
Ratio of cash dividends to capital funds _ _

Nonnational
banks

__

68.48

69.46

64.57

66.14

72.40

72.82

31.52

30.54

35.43

33.86

27.60

27.18

11.52
3.57

10.59
3.36

11.65
3.85

10.65
3.59

11.38
3.28

10.52
3.12

Number at end of period.
Figures are averages of amounts reported for the June and December call dates in the year indicated
and
the December call date in the previous year.
3
Not available.




TABLE NO. 26.—Number of banks, capital stock, capital junds, net profits, interest and dividends, and ratios, all banks in the District of
Columbia, years ended Dec. SI, 1929—Jfi
[In thousands of dollars. Figures for previous years published in report for 1940, p. 200]
Capital l

Number of
banks

1929
1930
1931
1932
1933
1934
1935 __
1936
1937 _
1938
1939
1940__. 1941
1942
1943
1944
1945 _ _
1946
1947
1948
1
2

41
39
39
34
21
22
22
22
22
22
22
22
22
22
22
21
21
20
19
19

Capital
notes
and
debentures

300
1,340
1,790
1,536
1,419
1,303
1,295
999
604
454
400
123

Preferred
stock
(par
value)

1,575
1,650
1,650
1,554
1,355
1,208
1,288
1,130
969
794
317
34

Common
stock
(par
value)

Total

24,868
24,008
23,328
23,072
19,216
18,345
18,235
18,243
18,250
18,060
17,300
17,338
17,490
17,669
17,768
17,616
17,833
19,783
20,750
20,933

24,868
24,008
23,328
23,072
19,516
21,260
21,675
21,429
21,223
20,718
19,803
19,625
19,224
19,092
18,962
18,056
17,867
19,783
20,750
20,933

Capital
funds1

32,733
52,638
52,066
50,062
41,119
39,849
40,843
42,263
44,365
45,481
46,966
48,191
49,499
50,425
51,447
52,301
55,255
61,601
65,468
67,653

Net
profits
before
dividends

4,374
2,983
1,514
2
1,218
2
2,186
2
416
2,501
3,744
2,966
2,480
3,455
2,986
3,283
2,436
2,468
3,573
5,485
5,438
4,991
3,589

Averages of amounts from reports of condition made in each year.
Deficit.




Ratios

Interest and-dividends

On
capital
notes
and
debentures

31
77
58
47
41
40
28
24
11
17
6

On common
stock
On '
preferred
stock

34
68
68
59
50
47
56
42
38
31
16
1

Cash

2,797
2,755
2,648
2,278
1,006
901
996
1,083
1,194
1,248
1,379
1,416
1,442
1,439
1,432
1,557
1,610
1,902
2,198
2,412

Stock

Interest
on capital notes
and debentures to
capital
notes
and debentures

Cash
Cash
dividividends
dends
on pre- on comferred
mon
stock
stock
to
to
precomferred
mon
capital capital

40

50
300
25
125
50
350
1,000
200

2.31
4.30
3.78
3.31
3.15
3.09
2.80
3.97
2.42
4.25
4.88

2.16
4.12
4.12
3.80
3.69
3.89
4.35
3.72
3.92
3.90
5.05
2.94

11.25
11.48
11.35
9.87
5.24
4 91
5.46
5.94
6.54
6.91
7.97
8.17
8.24
8.14
8.06
8.84
9.03
9.61
10.59
11.52

Total
interest
and
cash
dividends
to
capital
funds
5.30
5.23
4.09
4.55
2.45
2.42
2.79
2.86
2.93
2.94
3.12
3.11
3.05
2.95
2.88
3.02
2.92
3.09
3.36
3.57

Net profits before dividends

To
capital
17.59
12.43
6.49
2
5.28
2
11.20
2
1 96
11.54
17.47
13 98
11.97
17 45
15.22
17.08
12.76
13.02
19.79
30.70
27.49
24.05
17.15

To
capital
funds
8.29
5 67
2.91
2
2,43
2
5.32
2
1 04
6.12
8.86
6.69
5.45
7 36
6.20
6.63
4.83
4.80
6.83
9.93
8 83
7.62
5.31

3
3
ffl

8
3

a

REPORT OF THE COMPTROLLER OF THE CURRENCY

115

TABLE NO. 27.—Total loans of banks in the District of Columbia, losses and recoveries on loans, and ratio of net losses or recoveries to loans, by calendar years
ALL BANKS
[In thousands of dollars]
Year

1929
1930
1932
1933___
1934
1935 __
1936
1937
1938
1939
1940-1941
1942
1943
1944
1945__
1946
1947
1948

___

__

Average for 1929-48

Total loans
end of
year

Losses and
charge-offs

Recoveries

184,672
167,627
151,496
127,102
89,108
84,365
86,825
95,234
103,831
99,813
112,470
128,221
144,649
118,524
106,789
110,479
125,302
175,340
242,755
270,963

663
756
1,338
1,209
2,255
2,847
1,142
946
347
416
257
371
332
225
237
600
195
184
303

64
119
184
75
123
137
346
398
372
201
137
193
277
351
297
434
300
483
529
2
211

599
637
1,154
1,134
2,T32
2,710
796
548
215
120
178
55
+ 126
+60
166
+ 105
+299
+226
184

+ .11
+ .06
.15
+ .08
+ .17
+ .09
.07

136,278

751

262

489

.36

0.40
.51
1.21
1.04
2.28
3.09
1.05
.60

Net losses
or recoveries ( + )

+25

Ratio of losses
(or recoveries + )
to loans
Percent
0.32
.38
.76
.89
2.39
3.21
.92
.58

+ .02
.22
.11
.14
.04

NATIONAL BANKS
1929
1930
1931
1932
1933
__
1934
1935
1936-__ _ _ _
_ _ _ _ _
1937
1938
1939
1940
1941. _ _
1942
1943
1944_
_ __
___ _
1945
1946
1947 _ __ ___ _
__
1948
Average for 1929-48

91,790
89,359
76,908
63,796
42,739
41,412
39,674
42,958
49,180
44,810
51,608
60,059
68,766
55,876
51,534
55,181
67,807
96,720
131,989
145,299

407
525
1,006
722
1,055
1,312
572
406
176
215
167
178
122
112
133
110
66
62
133
*264

40
72
76
56
80
31
156
150
225
103
59
119
143
147
113
141
112
211
230
2
100

367
453
930
666
975
1,281
416
256

+49
112
108
59
+ 21
+35
20
+31
+46
+ 149
+ .97
164

.25
.21
.10
+ .03
+ .06
. .04
+ .06
+ .07
+ .15
+ .07

68,373

387

118

269

.39

232
184
224
468
1,157
1,429
380
292
24
103
12
119

0.25
.24
.30
.74
2.50
3.33
.81
.56
.04
.19
.02
.17
.10

+ .10

.11

NONNATIONAL BANKS
1929
1930
1931
1932 _
1933
1934
1935
1936
1937 _
1938
1939
1940
1941
1942
1943
1944
1945
1946
1947
1948

__

__
__

_ __

_-

_ _-_
__-

_
_-_

__

_ __--

--__

Average for 1929-48
1

_ _
___

__

92,882
78,268
74,588
63,306
46,369
42,953
47,151
52,276
54,651
55,003
60,862
68,162
75,883
62,648
55,255
55,298
57,495
78,620
110,766
125,664

256
231
332
487
1,200
1,535
570
540
171
201
90
193
210
113
104
490
129
122
170
1
131

24
47
108
19
43
106
190
248
147
98
78
74
134
204
184
293
188
272
299
111

76
+91
+80
197
+59
+ 150
+ 129
20

+ .15
+ .14
.36
+ .10
+ .19
+ .12
.02

67,905

364

144

220

.32

Excludes transfers to valuation reserves.

2
Excludes transfers from valuation reserves.


116

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE NO. 28.—Total securities of banks in the District of Columbia, losses and
recoveries on securities, and ratio of net losses or recoveries to securities, by
calendar years 1929-48
ALL BANKS
[In thousands of dollars]
Total securities end of
year

Year

1929
1930
1931
1932
1933
1934
1935
1936
1937
1938
1939
1940
1941
1942
1943
1944
1945
1946
1947
1948

___
-

__

_ _
_ _ -_

_-_

_____

__

_-_
Average 1929-48

59,838
80,136
97,591
102,081
99,160
109,832
122,028
134,533
135,867
138,533
134,137
136,389
158,518
306,889
433,694
549,977
719,103
621,710
547,104
509,545
259,833

Losses and
charge-off s

Recoveries

Ratio of losses
Net losses or (or recoveries
recoveries (+) +) to securi-

ties

149

47

233
1,120
1,178
2,145
930
496
845
811
892
1,045

106
13
256
459
1,221
1,374
538
297
426
493

732

351

827
466

359
262

770

590

127
1,107
922
1,686

Percent
0 17
.16
1.13
90
1.70

307
514
466
552

.23
38
.34
41

102

+291
+878

381

468
204
180

+ .26
+ 72

28

.30
07
04

639
299
205
347
2
201

459
278
125
83
88

113

.02

717

392

325

.13

6
7
4

49
87
448

0 14

180
21
80
264

.03
002
.01
05

NATIONAL BANKS
1929
1930
1931
1932
1933
1934
1935
1936
1937
1938
1939
1940
1941
1942
1943
1944
1945
1946
1947
1948

_

34,716
43,913
57,611
63,950

55
94
452

67,263
73,276
77,706
83,437
81,286
81,270
81,589
94,880
203,593
276,495
341,778
440,209
372,566
327,705
308,248

639

64,625

_

___

158,806

Average 1929-48

347
949
342
609
507
562
883

1
1
J

149
339
720
821
398
211
334
394

+479

285

248

533

617
271

242
199

641
231
182
97
166
44

469
250
173
76
16
80

411

259

41
99
9
107

198
610
+81
211
296
228
489
375
72
172

20
78

.31
94
+ 12
+ .65
.27
35
.28
.60
30

.40
.04
06

+ 199

+ .01

21
150

01
.05

+36

+ .01

152

.10

53
40
659
724

0.21

.002

NONNATIONAL BANKS
1929
1930 •
1931
1932
1933
1934
1935
1936
1937
1938
1939
1940
1941
1942
1943
1944
1945
1946
1947
1948

___ ___
_ _

_______

______
__ _
_

Average 1929-48

-

-_
-__

25,122
36,223
39,980
38,131
34,535
42,569
48,752
56,827
52,430
57,247
52,867
54,800
63,638
103,296
157,199
208,199
278,894
249,144
219,399
201,297
101,027

Includes profits on securities sold.

2
Excludes transfers to valuation reserves.

1

94
139
668
831

1,196
291
154
236
304
330
162
199
210
195
129
408
117
108
181
M57
306

1

120
!501
553

1,076

140
86
92
99
66
117
63
121
209
105
49
67
8

96
218
238
63
133
93
132
8
199
12
59
114
149

1

133

+210
+399

173

11

1 65
1.90
3 12

+ .49
+ 82

17
.42
42
.12
24
.15
.13
01
.10
004
.02
05

.07
.17

REPORT OF THE COMPTROLLER OF THE CURRENCY

117

TABLE NO. 29.—Summary of assets and liabilities Dec. SI, 1948, and receipts and
disbursements in year ended Dec. 31,1948, of the 22 building and loan associations in the District of Columbia
[In thousands of dollars]
Amount
ASSETS

LIABILITIES

Real estate loans. _ __
$265,042
Stock loans
240
Federal Home Loan Bank stock.
2,094
U. S. Government securities, direct and
7,089
guaranteed-__
_
__ ._
4
Other securities _
_ __
8,895
Cash and bank balances
14
Real estate sold on contract _
582
Office building, furniture and fixtures._
32
Other real estate owned
47
Interest accrued, not collected
108
Other assets
Total assets.

Amount

284,147

Investment shares, unpledged__
Mortgage pledged shares
Incomplete loans
_
Bills payable _ _ _
Other liabilities._ _ _
__ __
Total liabilities-

__

$231,766
21
5,345
14,945
665
252,742

CAPITAL ACCOUNTS

Surplus fund
Net undivided profits
Reserves __
Total capital accounts
Total liabilities and capital accounts _. _ .._

19,574
4,815
7,016
31,405
284,147

RECEIPTS AND DISBURSEMENTS IN YEAR ENDED DEC. 31, 1948
Receipts

Amount

Total capital receipts

$99,626
360
2,171
67,499
159
23,632
13,508
2,054
10,483
219,492

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

$113,084
451
555
49,827
158
35,101
8,524
2,069
10,591
220,360

EXPENSES

EARNINGS

Interest on loans
Commission on loans
Fees and fines
Commission on insurance
Rent received
Profit on sale of assets
Recoveries on charged-off assets
Other earnings

11,748
10
31
79
36
2
10
319

Total earnings
Cash and bank balances at beginning of
period

12,235

Grand total

Amount

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

Disbursements

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

771
538
280
37
270
6,853
207
573
9,529

7,057

Cash and bank balances at end of period
238,784

Grand total

238,784

NOTE.—Number of borrowing members, 41,434, nonborrowing, 130,222. Number of associations
members of Federal Home Loan Bank System, 16. Number of associations with shares insured by the
Federal Savings and Loan Insurance Corporation, 7.




118

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE NO. 30.—Summary of assets and liabilities Dec. 31, 1948, and receipts and

disbursements in year ended Dec. 31, 1948, of the 19 District of Columbia credit
Amount

Amount
ASSETS

LIABILITIES

Loans. _ _ _ _
__
_
___ $1,395,923
Building association investments
153,386
Other investments-_ _ _
_
424,856
Deposits in banks
120,304
Cash on hand_
34,307
Furniture and fixtures.
3,965
Other assets
__ __
3,694
Total assets

2,136,435

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

_
_ _
__

Total liabilities, . __

$1,806,603
30,474
78,990
150,544
58,127
11,697

_ _ _ 2,136,435

RECEIPTS AND DISBURSEMENTS IN YEAR ENDED DEC. 31, 1948
Amount

Receipts

_ 3,655,288

EARNINGS

Interest on loans
__ _
Building association dividends
Other income
_
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
period
_
Grand total

105,749
7,977
14,129
127,855
14,364
859
32,219
110,957

Loans made__
___
$2,007,353
Shares withdrawn
549,852
Building association shares purchased
18,896
Other investments purchased _ _ _
4,813
Bills payable _ _ _ _
1,060,756
Loans charged against reserve fund__
8,249
Other disbursements
14,741
Total capital disbursements

3,664,660

EXPENSES

Salaries
General expenses
Interest on borrowed money
Dividends- _
_ _
Depreciation on furniture and fixtures
Total 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

3,941,542

NOTE.—Number of borrowing members, 5,640; nonborrowing, 8,961.




Amount

CAPITAL DISBURSEMENTS

CAPITAL RECEIPTS

$1,659,857
Loans repaid. _
645,508
Payments on shares- _ _ _
155,907
Building association shares redeemed.
138,280
Other investments sold
_
Bills payable
_. 1,037,325
876
Fees
_-_
382
Fines
___.
5,251
Recoveries on loans to reserve fund
662
Depreciation on furniture and fixtures
11,240
Other receipts __ - _
Total capital receipts

Disbursements

37,917
21,631
2,458
44,379
663
107,048
14,364
859
34,307
120,304
3,941,542

TABLE NO. 31.—Assets and liabilities of all active banks in the United States and possessions, by classes, Dec. 31,1948
[In thousands of dollars]

Total all
banks

Number of banks

National
banks

All banks
other than
national

Banks other than national
State commercial l

Mutual
savings

Private

14,735

4,997

9,738

9,090

532

116

19,055,252
915,271
1,977,439
1,343,742

11,564,158
482,020
966,262
548,782

7,491,094
433,251
1,011,177
794,960

7,385,904
432,671
999,618
790,149

41,246

63,944
580
10,620
4,811

988,161

495,310

492,851

485,621

2,968

4,262

911,968
12,819,942
2,971,718
6,960,099
121,839
1,024,997

338,649
4,236,213
989,268
3,790,128
27,062
614,509

573,319
8,583,729
1,982,450
3,169,971
94,777
410,488

537,316
3,814,371
965,556
3,106,782
94,681
396,282

33,549
4,758,247
1,014,532
55,456
6,189

2,454
11,111
2,362
7,733
96
8,017

49,090,428
637,685

24,052,361
233,848

25,038,067
403,837

19,008,951
176,781

5,913,126
226,964

115,990
92

48,452,743

23,818,513

24,634,230

18,832,170

5,686,162

115,898

74,462,553
5,753,815
5,199,681
517,352

34,980,263
3,190,189
1,898,185
159,716

39,482,290
2,563,626
3,301,496
357,636

27,886,096
2,441,474
1,290,959
193,957

11,475,599
70,611
2,005,505
156,965

120,595
51,541
5,032
6,714

85,933,401

40,228,353

45,705,048

31,812,486

13,708,680

183,882

2,145,156

1,040,763

1,104,393

987,681

106,375

10,337

37,490,369
1,123,382
31,756
77,755
204,841
616,027

21,983,506
573,557
9,559
43,794
113,097
323,910

15,506,863
549,825
22,197
33,961
91,744
292,117

14,634,234
448,144
13,494
27,467
72,203
197,425

771,481
99,817
7,866
6,011
87,149

101,148
1,864
837
483
19,541
7,543

176,075,430

88,135,052

87,940,378

67,025,304

20,473,541

441,533

3

ASSETS

Loans and discounts:
Commercial and industrial loans (including open-market paper)
Loans to farmers directly guaranteed by the Commodity Credit Corporation
Other loans to farmers
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
Other loans to individuals (consumer loans)
Loans to banks
All other loans (including overdrafts)
Total gross loans
Less valuation reserves
Net loans
Securities:
United States Government obligations, direct and guaranteed
Obligations of States and political subdivisions
Other bonds, notes, and debentures
Corporate stocks, including stocks of Federal Reserve banks
Total securities
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 premises
Investments and other assets indirectly representing bank premises or other real estate-.
Customers' liability on acceptances outstanding
Other assets
Total assets




939

8

;©

TABLE NO. 31.—Assets and liabilities of all active banks in the United States and possessions, by classes, Dec. 31, 1948—Continued
[In thousands of dollars]

83,166,726
2,400,710
7,356,321
10,482,484
1,530,034
2,152,234

47,004,636
1,409,021
4,492,502
7,046,098
749,069
1,236,551

36,162,090
991,689
2,863,819
3,436,386
780,965
915,683

35,910,377
988,760
2,849,707
3,421,336
748,519
903,735

11,180
2,401
626
45
2,858

240,533
528
13,486
15,005
32,446
9,090

107,088,509

61,937,877

45,150,632

44,822,434

17,110

311,088

53,354,769
114,057
6,417
1,205,375
237,500
34,762

18,828,056
92,666
2,721
738,256
24,766
23,674

34,526,713
21,391
3,696
467,119
212,734
11,088

16,086,547
21,209
3,662
454,093
212,073
10,338

18,385,033
73

55,133
109
34
11,000
53
750

Total time deposits.-_

54,952,880

19,710,139

35,242,741

16,787,922

18,387,740

67,079

i

Total deposits

162,041,389

81,648,016

80,393,373

61,610,356

18,404,850

378,167

o

64,320
227,826
1,188,092

41,330
127,337
647,481

22,990
100,489
540,611

17,023
80,004
468,079

802
68,677

5,165
20,485
3,855

_
_ ___ .

_

_______
_
__

_ _ _

____

_

____

_____________

____

_

Bills payable, rediscounts, and other liabilities for borrowed money
Acceptances executed by or for account of reporting banks and outstanding-- __ _
Other liabilities
___
_
__ __
Total liabilities

__

_

163,521,627

82,464,164

81,057,463

62,175,462

18,474,329

407,672

48,431
79,000
3,295,764
6,007,969
2,505,560
617,079

48,431
54,955
1,491,050
3,497,474
1,496,195
294,810

43,712
54,925
1,483,150
2,115,943
928,333
223,779

4,719

24,045
1,804,714
2,510,495
1,009,365
322,269

12,553,803

5,670,888

6,882,915

4,849,842

1,999,212

33,861

87,940,378

67,025,304

20,473,541

441,533

State commercial 1

Mutual
savings

Private

t

___

Time deposits:
Individuals, partnerships, and corporationsU. S. Government
Postal savings
States and political subdivisions_
_
__
Banks in the United States
Banks in foreign countries- _
_ _ _ _

Banks other than national

National
banks

LIABILITIES

Demand deposits:
Individuals, partnerships, and corporations
U. S. Government
States and political subdivisions
Banks in the United States.
_
Banks in foreign countries
Certified and cashiers'checks, etc
_
Total demand deposits. _ _ _

All banks
other than
national

Total all
banks

_ _ _ _ _ _ _ _ _

_ _

____

2,026
608

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 capital accounts. ___

__

Total liabilities and capital accounts.
1

Includes stock savings banks.




_ _ _ _ _

__
_ _ _ _ _

176,075,430

88,135,052

1,361,933
566,085
66,475

30
7,900
19,598
1,777
4,556

8

TABLE NO. 32.—Assets and liabilities of all active banks in the United States and possessions, Dec. SI, 1948 (includes national, State commercial,
savings, and private banks)
ASSETS
[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

Population
(approximate)

911,000
555,000
379,000
4,776,000
757,000
2,036,000
9,414,000
14,565,000
4,788,000
10,821,000
301,000
2,175,000
909,000

Total Eastern States 33,559,000
Virginia
West Virginia. .North Carolina..
South Carolina..
Florida
Alabama
Mississippi Louisiana...
Texas
Arkansas.._
Kentucky..
Tennessee..
Total Southern
States

3,066,000
1,939,000
3,761,000
2,016,000
3,167,000
2,385,000
2,883,000
2,147,000
2,608,000
7,319,000
1,949,000
2,854,000
3,188,000
39,282,000




Obligations of
States
and
political
subdivisions

Number of
banks

Loans and
discounts,
including
overdrafts

U. S. Government
obligations
direct and
guaranteed

109
77
378
29
188

206,891
196,717
183,412
2,266,905
266,725
751,126

372,358
261,207
106,748
3,948,029
581,163
1,536,355

12,296
9,218
12,262
64,226
9,016
77,271

877

3,871,776

6,805,860

184,289

779 13,523,690
1,204,266
361
991 2,949,635
145,944
41
172
436,850
270,963
19
2,363

18,531,348 28,741,568

384
189
224
205
161
894
230
386
295

646,436
261,847
548,958
173,187
601,230
351,209
373,049
203,219
403,528
1,933,877
206,912
475,085
651,572

3,839

6,830,109

314
181

Investments
Real
estate and other
owned
other mdirectly
than representbank ing bank
prem- premises
or other
real estate

Corporate
Other
stocks,
bonds,
notes, and including Currency
stocks of and coin
debenFederal
tures
Reserve
banks

Balances
with other
banks, including reserve balances and
cash items
in process
of
collection

Bank
premises
owned,
furniture
and
fixtures

13,960
6,676
4,811
84,720
16,659
46,571

97,416
62,075
38,703
1,055,836
126,541
373,312

3,825
3,462
3,209
50,187
11,952
22,842

466
449
59
629
698
972

47,500
34,810
13,571
396,826
61,331
193,365

8,091
24,528
2,446
72,792
30,646
45,414

Cus- >
tomers'
liability
on
acceptances
outstanding

386
59
451
1,840
335
4

.,422
439
28

3,075

25,905

16

Other

Total

1,323
298
504
23.272
2,453
15,562

764,512
599,515
366,176
7,990,684
1,107,958
3,062,822

43,412 13,891,667

747,403 183,917

173,397

1,753,883

95,477

3,273

896,024 1,359,027 128,501
254,986
285,345 19,375
389,176
902,324 51,057
18,243
3,750
71,134
31,708
95,545
3,878
3,567
37,022
1,721

285,593
83,395
181,345
6,597
31,718
18,842

9,383,532
799,683
2,303,123
97,078
370,358
276,391

280,123
51,871
109,287
3,475
14,190
14,714

6,181
846
4,700
301
285

10,197 122,517 254,093 45,397,599
442 16,766 5,346,678
1,908
4,760 34,524 12,104,496
6,591
1,172
583,377
5
656
173 12,455 2,092,713
132
2,066 1,094,270
1,350

473,660 12,712

20,834 127,897 321,076 66,619,133

1,593,704 2,750,397 208,282

607,490 13,230,165

149

458,882
740,828
294,455
575,636
814,252
469,426
292,491
691,234
2,206,971
314,940
690,753
676,581

50,050
28,202
76,255
34,230
48,011
80,013
88,460
109,374
121,089
264,410
50,696
37,067
111,577

30,203
16,086
57,118
14,223
19,472
20,325
21,280
6,139
11,438
56,035
10,946
32,455
21,426

2,977
1,840
2,132
834
2,366
2,063
1,503
669
2,441
8,982
758
1,869
4,250

39,995
25,339
47,344
18,245
33,399
36,877
28,324
22,702
30,106
91,357
16,596
31,192
37,989

446,387
230,357
465,056
185,851
502,927
439,464
349,030
223,925
519,742
2,144,769
250,495
450,998
543,402

18,527
7,800
11,468
3,511
14,020
17,182
8,421
5,292
11,523
53,399
3,658
8,208
16,566

369
235
110
92
713
729
232
141
320
3,873
71
31
1,243

1,263
692
120
28
78
127
815
4
370
3,476
44
27
58

33
32
1,337
64
4,009
7,084

8,931,453

1,099,434

317,146

32,684

459,465

6,752,403

179,575

8,159

7,102

14,128

135

1,285

4,737
1,947
8,919
1,019
3,759
4,334
3,239
897
5,014
8,030
743
2,230
3,798

1,946,097
1,033,227
1,958,443
725,675
1,801,644
1,766,607
1,345,116
864,917
1,800,814
6,782,263
855,859
1,729,915
2,069,747

48,666 24,680,324

TABLE NO. 32.—Assets and liabilities of all active banks in the United States and possessions, Dec. SI, 1948 (includes national, State commercial,
savings, and private banks)—Continued
ASSETS—Continued
[In thousands of dollars]

Corporate
Other
stocks,
bonds,
Currency
notes, and including
stocks of and coin
debenFederal
tures
Reserve
banks

Balances
with other
banks, including reserve balances and
cash items
in process
of
collection

Bank
premises
owned,
furniture
and
fixtures

InvestCusReal
ments
tomers'
estate and other liability
assets
owned
on
other indirectly acceptthan represent- ances
bank ing bank
outprem- premises standor other
ises
ing
real estate

Population
(approximate)

Number of
banks

Loans and
discounts,
including
overdrafts

U. S. Government
obligations
direct and
guaranteed

Obligations of
States
and
political
subdivisions

..

7,896,000
3,957,000
8,777,000
6,272,000
3,350,000
2,976,000
2,657,000
3,996,000

669
491
887
446
555
682
664
599

1,982,271
707,061
2,795,341
1,299,767
714,655
820,430
643,232
1,319,989

3,495,857
1,576,111
5,696,186
2,439,590
1,549,420
1,388,860
1,033,638
1,597,243

321,807
109,344
487,570
234,171
129,981
106,308
146,511
127,496

215,042
66,813
311,086
124,052
84,498
110,026
36,969
86,132

9,596
3,066
19,282
6,185
2,549
2,908
1,512
17,072

133,861
63,150
114,223
89,324
43,513
32,606
35,043
47,623

1,616,665
700,769
3,124,298
1,069,310
600,584
695,391
490,997
1,216,475

53,363
17,491
41,524
30,433
17,169
10,125
8,449
21,128

325
54
996
232
45
563
56
3,251

2,039
385
7,885
1,658
670
4,488
2,575
488

1,120
68
6,872
184
50
439
11
707

16,172 7,848,118
5,755 3,250,067
34,167 12,639,430
5,307,561
12,655
3,150,117
6,983
8,842 3,180,986
2,172 2,401,165
10,199 4,447,803

Total Middle Western States

39,881,000

4,993

10,282,746

18,776,905

1,663,188

1,034,618

62,170

559,343

9,514,489

199,682

5,522

20,188

9,451

96,945 42,225,247

567,000
631,000
1,317,000
1,992,000
517,000
278,000
1,179,000
578,000
2,391,000

151
170
416
609
112
55
146
49
386

108,087
130,910
326,838
470,760
135,292
56,355
276,966
94,783
420,282

371,444
268,194
590,744
684,610
286,268
119,206
504,334
111,996
627,720

24,353
20,005
54,353
89,866
14,547
8,889
31,331
10,578
105,277

10,453
8,543
23 655
27,763
8 113
3,203
19 129
1,220
12,136

562
349
1,249
1,426
484
247
1,175
293
1,763

6,576
6,493
13,176
17,981
7,894
4,515
14,270
6,920
20,837

105,356
104,788
356,087
443,929
147,451
78,021
317,959
94,341
517,289

1,608
2,057
5,997
6,052
2,481
1,276
3,312
1,954
6,875

2
2
51
76
4
18
85
144
17

326

Location

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

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

...

.
_ . . . .

Total Western States
Washington
Oregon
California
Idaho

Utah

Nevada
Arizona
Total Pacific States.

Other
assets

Total
assets

282

958
1,108
2,167
2,041
1,139
216
3,461
223
2,911

629,399
542,449
1,374,323
1,744,990
603,673
271,946
1,172,035
322,452
1,715,715

14,224

8,376,982

6
486
13

9,450,000

2,094

2,020,273

3,564,516

359,199

114,215

7,548

98,662

2,165,221

31,612

399

818

295

2,518,000
1,646,000
10,155,000
537,000
663,000
144,000
672,000

124
72
203
47
55
8
11

678,928
384,661
5,019,042
134,849
187,092
53,179
179,801

845,980
597,657
5,179,718
203,660
233,495
76,048
140,639

119,872
92,429
565,888
10,002
18,019
8,054
17,183

29,696
8,319
158,610
1,221
3,293
835
8,213

2,330
1,248
16,826
385
624
133
398

31,615
18,441
109,580
6,935
6,361
3,304
9,448

490,477
306,834
2,814,577
99,159
146,211
30,759
85,398

11,678
14,067
97,869
3,098
2,706
1,153
4,626

182
58
506
14
103
1
138

7
21
24,284

152
483
19,527

4,987 2,215,874
6,320 1,430,538
47,985 14,054,412
459,525
202
599,352
508
797
174,263
448,542
2,470

16,335,000

520

6,637,552

7,277,197

831,447

210,187

21,914

185,684

3,973,415

135,197

1,002

25,480

20,162

63,269 19,382,506




940
228

Total United States
(exclusive of pos147,921 000
sessions)
Alaska
Canal Zone (Panama)
Guam
The Territory of Hawaii.
Puerto Rico
American Samoa
Virgin I s l a n d s of t h e
United States

14,686

48,173, 804 74,097,499

88, 300
47 800
400
532, 000
000
16, 100

19
4
1
9
14
1

16, 960
737
33?
144, 690
115, 121
17

27,970
1,735
16,656
193,335
121,950
1,227

27, 700

1

1, 082

2,181

2,967, 300

49

278, 939

365,054

Total United States
and possessions _. 150,888, 300

14,735

48,452, 743

74,462,553

Total possessions




5,731,261 5,173, 966 516,515 2,084,041 37,389,576
204

1 034

12,609
9,741

21
6, 917
16,

22,554

25, 715

837

234

445

13

837

61,115

100,793

8, 179

20

18 202
557
2,221
57,444
21,615
309

1,115, 203 31,067

4 807
2,272
2,495
27,180
24,033
94

•ft 9
32
4
4, 377
3,
1

77,497 197, 838 587, 592 175,175,859

70
349
270

229
29

10
6, 779

689

258

7, 003

4Ti
18, 303
160
1, 636
7 858
9

71, 114
23, 636
22, 103
449, 613
327,
1, 657

34

4, 009

28, 435

899, 571

C

5,753,815 5,199, 681 517,352

2,145,156 37,490,369

1,123, 382 31,756

8O

77,755 204, 841 616, 027 176,075,430

O

O

d

fcO
co

TABLE NO. 32.—Assets and liabilities of all active banks in the United States and possessions, Dec. 31,1948 (includes national, State commercial,
savings, and private banks)—Continued

Hi-

LIABILITIES
[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




Demand
deposits

250,996
147,264
90,877
3,188,817
426,957
1,054,621

Time
deposits

Total
deposits

437,868
387,225
237,125
3,981,998
572,790
1,715,166

Bills payable,
rediscounts,
and other
liabilities for
borrowed
money

300
295
735
1,170
290

Acceptances
executed by
Other
or for account
of reporting liabilities
banks and
outstanding

16
26,196
439
28

2,679
1,265
1,686
45,294
10,684
16,000

Capital
stock i

15,023
7,293
14,865
110,488
23,270
43,852

Surplus

33,347
32,919
8,447
364,245
59,323
142,972

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

5,159,532

7,332,172

12,491,704

2,790

26,679

77,608

214,791

641,253

381,967

54,875

14,638,596
2,524,950
4,116,861
152,911
819,649
213,233

40,695,614
4,941,112
10,882,621
518,481
1,918,226
1,019,760

33,884
200
2,298
50
75

137,068
442
5,110
5
173

551,202
22,730
59,110
2,556
9,082
6,256

818,894
114,237
321,924
12,228
34,256
21,000

2,241,927
180,991
605,748
28,580
76,070
32,225

806,457
56,974
170,951
10,139
46,033
12,369

112,553
29,992
56,734
11,338
8,798
2,660

37,509,614

22,466,200

59,975,814

36,507

142,798

650,936

1,322,539

3,165,541

1,102,923

222,075

1,211,321
689,042
1,465,052
595,053
1,356,368
1,320,875
1,001,223
682,637
1,423,380
5,775,671
708,204
1,392,935
1,511,155

583,349
262,889
362,378
90,309
317,358
332,000
255,598
134,284
278,906
611,154
96,268
220,216
429,297

1,794,670
951,931
1,827,430
685,362
1,673,726
1,652,875
1,256,821
816,921
1,702,286
6,386,825
804,472
1,613,151
1,940,452

950
840
595

149

652
115

33
33
1,478
64
5,725
8,466

476
32

1,285

10,457
3,251
16,850
2,350
13,786
6,363
5,296
1,759
6,158
20,649
1,583
6,809
8,337

49,218
25,324
29,249
13,714
39,232
38,531
26,267
15,745
29,085
138,503
17,155
38,033
39,801

57,845
36,003
58,061
14,969
44,288
48,193
33,324
28,071
38,171
142,154
18,590
51,325
54,649

24,610
11,517
16,971
6,788
19,869
14,331
16,913
1,222
16,269
65,531
12,009
17,086
20,546

8,198
4,361
9,118
2,492
10,058
6,166
5,017
985
3,070
20,135
2,050
3,035
4,645

19,132,916

3,974,006

23,106,922

3,860

17,402

103,648

499,857

625,643

243,662

79,330

150
50

O

21,484
18,322
7,913
240,931
10,034
83,283

26,057,018
2,416,162
6,765,760
365,570
1,098,577
806,527

169

O

2
a

Ohio
Indiana
Illinois
Michigan _
Wisconsin
Minnesota
Iowa_
Missouri

_ __

2,876,642
906,281
3,031,882
2,130,678
1,292,192
1,034,592
531,748
666,859

7,346,038
3,055,625
11,814,485
4,984,256
2,957,929
2,972,298
2,260,659
4,170,354

650
50
121
25
2,000

27,090,770

12,470,874

432,367
428,084
1,152,226
1,485,968
480,477
210,324
878,366
266,416
1,486,214

164,327
87,027
138,661
161,271
96,995
46,713
223,158
41,070
117,728

6,820,442
1,361,094
947,779
7,485,896
343,864
384,136
107,269
324,309

395
1,350

1,120
68
7,314
184
50
439
11
850

34,071
10,672
68,507
28,218
6,492
16,390
2,678
13,909

161,114
59,525
269,089
96,967
65,434
56,659
42,114
99,441

212,058
77,834
301,300
122,358
68,892
85,961
54,304
87,266

75,594
37,132
104,568
53,414
36,940
33,452
31,331
65,531

17,473
9,161
74,046
22,139
12,380
15,787
9,673
9,102

39,561,644

4,591

10,036

180,937

850,343

1,009,973

437,962

169,761

596,694
515,111
1,290,887
1,647,239
577,472
257,037
1,101,524
307,486
1,603,942

100
75
6,725
614

10,078
8,637
27,924
32,429
9,560
3,874
19,981
6,356
32,643

8,884
9,565
26,178
37,550
8,876
6,464
25,725
5,302
38,044

8,126
6,485
15,409
21,545
5,728
2,925
15,578
413
28,189

3,568
1,452
4,821
2,684
733
1,012
4,808
2,428
6,300

1,076,950

7,897,392

729,180
397,582
5,702,505
94,609
180,030
56,983
98,955

2,090,274
1,345,361
13,188,401
438,473
564,166
164,252
423,264

10,954,347

7,259,844

106,667,621
47,817
20,643
12,422
198,120
138,892
1,132
1,862

_

Total Middle Western States
North Dakota
South Dakota
Nebraska
Kansas
Montana
Wyoming
Colorado
New Mexico
Oklahoma

4,469,396
2,149,344
8,782,603
2,853,578
1,665,737
1,937,706
1,728,911
3,503,495

586

13

851

282

1,949
1,124
2,379
2,929
1,304
634
3,820
467
5,464

8,951

295

20,070

151,482

166,588

104,398

27,806

600

160
483
22,816

7,832
7,302
114,668
1,012
2,159
1,064
4,166

31,221
19,759
264,474
7,845
11,974
2,413
6,758

47,364
27,194
269,726
7,588
13,416
2,625
9,560

24,871
24,701
161,827
3,693
6,003
3,880
3,350

14,152
5,738
31,900
914
1,634
29
1,444

18,214,191

600

23,459

138,203

344,444

377,473

228,325

55,811

54,580,046

161,247,667

57,299

220,669

1,171,402

3,383,456

5,986,471

2,499,237

609,658

18,248
2,990
8,497
220,150
120,801
391
1,757

66,065
23,633
20,919
418,270
259,693
1,523
3,619

1,175

1,543

1,370

949

50
6,971

368
10
6,779

12
3
39
1,029
15,584

400
11,237
26,727
50
150

100
11,005
8,710
65
75

52
3,591
1,264
16
30

225
4,421
1,711
3
112

420,888

372,834

793,722

7,021

7,157

16,690

39,739

21,498

6,323

7,421

Total United States and possessions. 107,088,509

54,952,880

162,041,389

64,320

227,826

1,188,092

3,423,195

6,007,969

2,505,560

617,079

- -

- -

Total Western States _ _
Washington
Oregon
California
Idaho_
Utah
Nevada
Arizona

- -

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

1

Includes capital notes and debentures.




23

a

(See classification on pp. 128 and 129.)

to
O

TABLE NO. 32.—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
[In thousands of dollars]
Loans and discounts

Location

to
Commer- Loans
farmers
cial and
directly
industrial guaranteed
Other
loans (inloans to
by the
cluding
farmers
Comopenmodity
market
Credit
paper)
Corporation

1,004

7,118
2,651
10,675
3,858
577
11,446

11,909

36,325

55,541
33,905
20,248
724,833
83,642
132,325

10,905

Total New England States. 1,050,494

Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut

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)

37,116
223
655

4,783
3,970
15,030
7,037
1,403
6,817

77,381
125,399
94,261
948,801
109,462
434,183

115,183
7,720
14,897
254,823
30,049
55,109

31,034
19,489
22,282
261,024
28,894
99,379

1,689

38,176

48,233

39,040

1,789,487

377,781

462,102

2,044

3,662,036
536,837
680,630
47,801
129,102
66,037

903,010 1,096,580
96,705
248,021
184,039
569,248
8,975
25,462
43,473
81,872
28,324
62,671

104,123

5,122,443 1,264,526 2,083,854

6,314,561
282,131
1,328,488
48,593
_
122,755
96,831

1,679
193
376
240
1,162

51,755 1,123,408
7,648
4,535
38,038
19,010
2,186
1,775
9,287
496
24
612

284,660
20,590
54,997
3,430
21,119
2,891

34,836
6,210
44,569
6,363
15,930
140

Total Eastern States.

8,193,359

3,650

108,938 1,149,836

387,687

108,048

186,929
55,790
226,130
63,455
241,430
157,634
138,856
66,282
192,014
1,004,287
47,840
161,196
269,341

1,437

40,641
23,546
23,537
79,065
42,967
533
38,266

25,560
5,846
11,176
5,370
20,174
9,952
19,771
18,630
9,891
173,181
25,884
38,839
31,016

2,727
71
4,464
431
1,695
1,181
1,442
814
1,616
7,689
700
719
3,686

2,811,184

296,973

395,290

27,235

Florida
Alabama
Mississippi
Louisiana
Texas. Arkansas
Kentucky
Tennessee
Total Southern States




8,320
15,898
22,763

Loans to
banks

2,037
1,782
3,541
27,554
4,100
9,219

178
4

New York
New Jersey
Pennsylvania
Delaware
Maryland
District of Columbia...
Virginia...
West Virginia
North Carolina
South Carolina...

Other
loans to
individSecured by
residential Secured uals (consumer
properties by other
loans)
(other than properties
farm)

13,756'
7,049
24,084
2,504
22,943
17,973
7,267
6,662
4,638
74,420
1,749
9,301
29,784
222,130

27,718
10,654
19,436
5,056
17,678
6,816
12,804
11,706
9,515
27,888
9,334
43,459
28,087

163,129
91,726
70,568
25,520
85,823
41,510
49,906
23,351
42,915
119,982
24,407
74,082
64,605

230,151

877,524

40,308
19,602
34,547
11,369
26,954
25,120
16,783
11,391
25,434
65,086
10,230
26,467
21,371

170,332
69,655
142,948
36,525
139,380
82,109
80,203
36,952
73,422
336,078
41,003
105,129
159,274

334,662 1,473,010

135
80
140

All other
loans (including
overdrafts)

Total
gross
loans

3,834
1,922
3 341
31,473
10,190
9,964

208,129
196,922
184,275
2,299,212
268,540
759,237

60,724

3,916,315

Less
valuation
reserves

Net
loans

1,238
205
863
32,307
1,815
8,111

206,891
196,717
183,412
2,266,905
266,725
751,126

44,539

3,871,776

692
3

261,901 13,838,549
17,022 1,219,892
60,687 2,980,774
146,292
1,464
439,237
14,041
272,352
14,822

314,859 13,523,690
15,626 1,204,266
31,139 2,949,635
348
145,944
2,387
436,850
1,389
270,963

104,818

369,937 18,897,096

365,748 18,531,348

167
190
1,914
3,058
293
4
30
207
650
54
300
1,035

18,833
3,224
10,198
8,174
23,025
11,379
8,269
5,276
24,597
57,106
3,358
18,697
10,212

650,896
263,807
553,785
174,302
604,923
353,967
375,946
204,640
407,786
1,945,432
207,526
478,722
656,677

4,460
1,960
4,827
1,115
3,693
2,758
2,897
1,421
4,258
11,555
614
3,637
5,105

646,436
261,847
548,958
173,187
601,230
351,209
373,049
203,219
403,528
1,933,877
206,912
475,085
651,572

7,902

202,348

6,878,409

48,300

6,830,109

52,623
25,141
269,158
8,483
14,178
6,717
4,547

104,846
78,993
600,647
15,470
29,396
8,858
32,579

380,847

870,789

2,366,598

1
555

742
8,276
3,060
777
338
2,477
1,058
1,923

2,458
3,472
8,696
17,621
2,169
2,055
4,767
1,898
9,850

9,311
17,455
20,979
46,856
18,462
10,210
35,014
17,678
34,052

3,067
4,307
9,973
11,585
4,973
3,933
13,749
5,004
12,538

463,404

3,133

19,360

52,986

210,017

22,994
22,780
180,349
20,912
18,194
4,316
26,759

1,474
362
14,151
290
634
286

5,504
3,644
47,438
1,028
2,247
1,179
1,115

13,127
8,291
79,652
3,695
7,060
1,274
2,249

151,965
68,751
2,021,924
26,214
50,002
19,906
52,222

296,304

17,197

62,155

115,348

2,390,984

915,271 1,955,881 1,343,742

965,901

535,057

346,587

272,087
152,925
1,773,340
34,431
52,227
10,449
59,683

49,220
18,970
12,023
21,934
4,993

2,355,142

107,140

Total Pacific States

69,129

359,459

709

19,560
40,277
95,582
123,015
26,367
13,848
69,892
16,499
58,364

Total United States (exclusive of possessions)
. 18,952,429

3

226,336

655,620

44,962
32,141
59,359
100,785
39,965
3,702
15,155
6,056
44,462

Total Western States

1,790

11,651
14,517
38,655
62,810
17,634
8,352
47,891
15,774
77,180
294,464

108,165

149,012

16,250
18,011
79,678
94,741
24,357
13,640
81,725
30,192
176,463

Washington
Oregon
California
Idaho
Utah
Nevada
Arizona-

521,551 1,750,602

3,682
1,210
4,549

Total Middle Western States 4,007,193
North Dakota
South Dakota
Nebraska
Kansas
Montana
Wyoming
Colorado
New Mexico
Oklahoma

985
303
122

585,047
215,239
314,344
491,221
204,584
183,438
116,465
256,260

27,378
62,487
41,265

*

396,559
135,939
403,593
258,495
95,003
142,139
83,627
235,247

73,517
45,684
32,059
37,006
45,470
38,270
50,857
36,596

22,535

641,323
197,525
1,679,434
320,160
240,798
260,974
124,919
542,060

116,965
40,247
76,027
90,166
56,952
43,546
30,278
67,370

61,052
7,723
80,391
21,806
9,781
15,442
8,604
21,537

51,606
54,295
114,005
45,830
49,451
81,470
159,994
98,969

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

3,061
2,507
10,510
1,744
60

809

71,826
2,897
657

17
999
1,206
355

1

905,032 12,757,053 2,948,496 6,934,821
4,697

1,343

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

42 767
50,227
243

12

4

67

457

127

171

Total possessions... _ _

102,823

21,558

22,260

6,936

62,889

23,222

25,278

915,271 1,977,439 1,343,742

988,161

9 457

13

580

9

129

6 389
15,156

19 923
2,320

5 990
299

41 647
16,079

12 606
9,146

18
60
97
205

227,273 10,373,599




911,968 12,819,942 2,971,718 6,960,099

22,224
5,852
28,525
7,177
8,602
8,019
3,514
6,940

1,982,271
707,061
2,795,341
1,299,767
714,655
820,430
643,232
1,319,989

90,853 10,282,746

1,257
7,687
9,919
1,636
535
6,878
1,507
6,898

1,286
3,240
1,192
1,048
258
1,182
884
2,003

593

108,087
130,910
326,838
470,760
135,292
56,355
276,966
94,783
420,282

796

37,026

2,031,959

11,686

2,020,273

5

8,985
5,351
85,295
3,395
9,413

3,902
547
68,818
1,003
1,252

1,153

682,830
385,208
5,087,860
135,852
188,344
53,331
180,593

152
792

678,928
384,661
5,019,042
134,849
187,092
53,179
179,801

114,224

6,714,018

76,466

6,637,552

194
354
245

3,883

709

632

3,888

121,238 1,011,532 48,811,396

501
100

601

637,592 48,173,804

626
29
3,034
9,731

17,029
737
356
144,690
115,121
17

17

1

1,082

1,082

13,465

279,032

44

17

Total United States and pos19,055,252
sessions

2,004,495
712,913
2,823,866
1,306,944
723,257
828,449
646,746
1,326,929

108,680
132,196
330,078
471,952
136,340
56,613
278,148
95,667
422,285

894

111
189
11 833
12,063

51,845
12,642
41,555
37,619
20,483
32,050
8,208
22,871

121,839 1,024,997 49,090,428

69
24

93

16,960
737
332
144 690
115,121

278,939

637,685 48,452,743
to

TABLE NO. 32.—Assets and liabilities of all active banks in the United States and possessions, Dec. 31,1948 (includes national, State commercial,
savings, and private banks)—Continued
[In thousands of dollars]
Capital
Capital
notes
and
debentures

Location

Maine
New Hampshire _
Vermont
Massachusetts
Rhode Island
Connecticut

. _

New York
New Jersey
Pennsylvania
Delaware
Maryland
District of Columbia

435,073
386,573
234,879
3,975,354
571,887
1,711,377

607
404
175
2,771
637
1,605

6
20
8
144
50
35

2,167
215
2,021
3,608
216
2,134

15
13
42
121

20,601

110,183

7,315,143

6,199

263

10,361

206

824,966 14,318,833 22,330
50,584 2,510,290
2,701
93,199 3,975,197
1,317
4,378
146 030
388
1,650
7,085
814,609
17,772
2,250
209,988

420

997,984 21,974,947

448
14
2,102
1,128
330

14,575
7,279
8,344
109,360
23,270
43,522

215,240
117,678
79,437
2,531,724
365,322
903,334

5,227
3,524
1,696
74,333
11,384
25,042

19,186
14,543
6,264
193,258
29,162
57,814

7,064
6,948
1,297
304,667
11,967
42,637

4,419

4,022

206,350

4,212,735

121,206

320,227

374,580

34,224
300

14,122
19,442
2,261

770,548 19,639,220
94,495 1,970,172
319,663 5,714,660
12,189
316 813
33,245
886,407
21,000
715,812

549,760
63,345
148,529
26 967
23,230
20,237

648,855 3,076,743 1,317,474
509
285,902
45,650
14,033
237,092
558,247
1
12 867
4,544
1,282
87,437
93,136
99
48,117
4,490

716

36,541 1,251,140 29,243,084

10
10
254

131
28
1,901
591
519
204
885
1,275

47,659
24,840
28,597
13,621
39,040
38,400
26,239
13,834
28,484
137,730
16,951
37,148
38,526

1,038

7,750

491,069 14,214,893

_




19,277
1,263
43

4,261
4,571
2,183
65,558
7,859
25,751

States
and
political
subdivisions

34,858

Total Southern States

U.S.
Government

U.S.
Government

88
192

__

Individuals, partnerships,
and
corporations

Individuals, part
nerships,
and
corporations

484

f

Certified
and
cashiers'
checks,
etc 1

Common
stock

39
295

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

Time deposits

Preferred
stock

4,419

Total New England States-

Demand deposits

1,559
652
5

931,510
528,272
1,017,458
483,203
1,008,768
1,003,253
766,811
513,328
943,726
4,308,311
571,044
1,098,029
1,041,180

832,068 1,272,252

Banks
in
United
States

18

137,643
41,378
207,504
20,503
184,211
112,193
71,145
57,867
200,960
779,400
60,340
163,776
282,852

270,296 2,013,588

2,319,772

Postal
savings

15

218,726 210,167

31,257

467
367
264
150
12
148
146
32

74

6,652
1,235
4,246
648
1,104
2,526
1,351
759
688
7,643
522
768
3,288

18,795

295,572

3,770,156

31,430

9,146
6,592

Banks
in
foreign
countries

22
25

30,636

51
2,432
276

Banks
in
United
States

31,257

548,034
260,170
348,845
87,981
314,619
308,114
252,949
133,514
273,044
510,643
95,335
218,229
418,679

224

States
and
political
subdivisions

59,021 207,155
11,462
497
137,688
2,239
6,493
3,092
276
970

26,922
20,939
22,340
6,336
16,711
12,894
8,239
3,701
16,846
128,248
5,976
11,801
14,619

3,826,437 1,337,789

89,830
74,309
192,258
71,654
123,102
175,276
139,050
100,763
236,931
489,579
62,919
103,637
154,280

25,192
24,144
25,492
13,357
23,525
14,827
15,702
6,978
15,771
63,541
7,925
15,692
18,150

Banks
in foreign
countries

458
384
37
21
420

27,701
716
8,493
1,343
1,051
19,869
321
6
4,051
89,956
274
1,138
3,655

595
504
644
325
436
1,345
945
5
665
2,528
100
60
3,255

2,439

158,574

11,407

00

Ohio_. ._
Indiana
Illinois
Michigan
Wisconsin
Minnesota
Iowa
Missouri

896

7,375

294

1,569
5,509
1,585
1,143
1 546

2,629
2,470
124
1,091

Total Middle Western States
North Dakota
South Dakota
Nebraska
Kansas
Montana
Wyoming
Colorado
New Mexico
Oklahoma
Washington
Oregon
California
Idaho
Utah
Nevada
Arizona

7,504

19,348

143
122
61

9
71

25

130
100

351

108
39

Total United States and
possessions

26,871
4,687
452
2,393

798,480 1,959,654

2,915,267

42,748

37,660
40,121
59,433
244,109
64,069
20,782
46,472
49,513
194,067

12,608
9,530
144,805
87,176
27,951
11,735
76,922
11,013
148,750

756,226

61

1,343
1,599

15,405

1,917

342,187

9,769

256
506
97

7
8
28

48,014
2,383

29

676

116,021
84,130
138,497
157,815
96,123
45,799
221,449
39,029
112,505

530,490

713

71,691

23,149
15 203
150,649
4 224
3,249
1,905
3,700

108,820
106,784
576,364
57,797
52,486
17,545
57,473

73,528
31,003
352,147
7,246
41,434
971
3,038

3,499
1,037
95,061

8,875,462

202,079

977,269

509,367

1

36

1,398
695

38
5

420
114

22
5

472
377

1,213

5,741

259

56,676

2,906

722,700
389,851
5,340,949
93,865
179,226
54,831
98,474

5,526
89
14,620

19
15

504
7,180
341,013

431
447
2,054

18

40
70

820

17,909
18,329
235,699
3,947
4,626
2,473
6,770

250

19

212

100,417

289,753

6,879,896

21,793

458

351,155

75

2 025
3,838

280

100

911
973

202
245

618

12

100

39,639

273,762

60,514

57,105

6,571

2

48
8

1,011,368

31 270
21,630

50
50

37

6
3,294

681
15

11 237
26 727

8
148

2,007
205

3,587

3 068
11,843
2 196
31 704
11 256

10
333

1,972
164

675

499
134

78,900 3,256,125 82,892,964 2,340,196 7,299,216 10,475,913 1,521,063 2,138,269 53,053,106 111,204
39 985
8,548
10 199
129 177
83 969

81
323

28
105

496

8 606

161
27
3 664
9,593

10

9
14

8,971

13,965

18,155
2,990
8,497
216 522
53,439

369
11
25

210
2,018

1,619

3,042

3,500

5,803 1,137,679 237,497

34,757

21

66

2,747
100

559
34

67,228
80

3

5

2,853

614

67,696

3

5

6,417 1,205,375 237,500

34,762

322

391

1,669

301,663

3,500

6

79,000 3,295,764 83,166,726 2,400,710 7,356,321 10,482,484 1,530,034 2,152,234 53,354,769 114,057

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




41

3,409
3,057
8,666
14,188
5,513
2,976
9,119
3,800
20,963

1,134,189
775 423
6 075,976
270 650
282,341
84,375
252,508

400

146,921

373,086 12,101,596

5,345,255

1 175

339
713
105
69

814

4,512

150,257

333,818

1,699
2,458
1,560
2,681
4,223
116
1,854

555
5,773

874

700

2,726,340
901,470
2,859,971
2,119,326
1,283,734
1,023,176
528,426
659,153

100
187

85
5

9,510

72,740
32,676
98,179
48,970
34,892
30,081
30,235
25,313

170,236
8,269
3,599
5,204
1,360
6,557

7,206
8 422
19,038
20,766
6,584
2 998
18,637
3,703
28,713
116,067

10,365

48,431

279,498
108,284
1,151,952
150,805
118,860
278,389
106,875
720,604

371,484
366 954
920,283
1,119,729
376,360
171 833
727,180
198,387
1,093,045

261

_

3,772

271,500
265,390
467,141
227,617
102,637
194,561
173,874
256,934

153,501
43 167
263,755
124 275
54,974
39,014
49 989
69,805

9,926
8 515
27,792
32,299
9,435
3 539
19,842
6,271
32,638

55
100

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

3,688,385
1 699,766
6,774,705
2,297,224
1,353,922
1 393,268
1 367,938
2,426,327

823,491 21,001,535

114

Total United States (exclusive of possessions)
48,431

*

152,843
56,766
267,226
91,458
61,379
55,392
40 568
97,859

31,113
19 720
254,964
7 790
11,760
2,413
6,058

._

Total Pacific States

1

491

335
139

Total Western States

Total possessions

130

TABLE NO. 33.—Assets and liabilities of active national banks, Dec. 81,1948
ASSETS
[In thousands of dollars]

Number of
banks

Location

33
51
39
120
9
51

Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut

5,110
6,550
5,718
37,478
3,663
38,998

7,545
5,822
5,493
46,726
4,397
23,805

Corporate
stocks,
including Currency
stocks of and coin
Federal
Reserve
banks

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
premises

570
• 434
306
5,777
636
1,370

5,057
4,765
2,196
44,990
4,670
15,935

49,492
47,262
26,049
736,449
53,478
184,497

1,046
1,667
1,359
23,972
1,185
8,279

26
1
18
79
146

Investments
and other Customers'
_ assets
liability
indirectly on acceptances
representing bank outstanding
premises
or other
real estate
290
59
23
245
67
4

16
24,419
214
28

Other
assets

534
110
253
15,436
602
1,333

Total
assets

244,339
195,649
136,963
3,095,090
262,070
792,190

1,327,255

1,942,397

97,517

93,788

9,093

77,613

1,097,227

37,508

270

688

24,677

18,268

4,726,301

3,740,862
504,163
1,796,656
13,130
141,077
145,299

4,967,648
1,162,384
2,981,171
18,548
368,259
280,562

426,427
130,747
214,924
853
12,731
1,237

326,069
85,088
380,542
1,931
16,382
25,662

41,729
3,573
25,950
143
1,121
787

83,800
38,128
106,659
874
12,002
10,928

3,446,553
407,885
1,559,911
7,633
182,788
163,977

86,177
19,865
60,215
478
4,879
6,623

408
170
385

1,524
1,576
414

45,383
134
4,497

40
106

4

129

130,679
5,878
17,641
29
1,606
742

13,297,259
2,359,591
7,148,965
43,619
741,018
635,923

1,317

6,341,187

9,778,572

786,919

835,674

73,303

252,391

5,768,747

178,237

1,109

3,518

50,143

156,575

24,226,375

131
76
46
24
50
61
69
25
34
437
51
92
71

354,242
129,241
130,556
108,143
320,781
239,045
272,212
49,333
271,312
1,569,336
109,062
164,336
469,135

412,568
253,314
214,298
187,006
321,256
541,822
351,993
84,666
514,900
1,785,940
153,840
274,781
471,343

30,600
15,616
16,462
12,970
30,876
58,048
70,778
28,527
56,795
195,995
31,130
20,667
72,107

17,188
9,444
4,837
8,716
16,456
17,469
18,779
1,963
8,231
47,496
7,190
14,867
16,217

1,953
900
660
455
1,343
1,848
1,312
329
1,852
6,861
609
994
2,454

22,329
13,300
11,619
9,825
13,767
21,942
18,044
4,648
14,486
62,229
7,147
12,462
23,103

278,212
138,985
140,394
113,949
314,188
334,999
269,885
64,813
354,520
1,776,594
125,673
188,666
409,603

9,994
4,416
3,782
2,437
7,827
12,772
7,011
1,626
8,799
44,528
2,050
3,971
11,685

291
189
40

731
14
1
21

149

87
661

15
1,337

288
2,314
44
24
547

108
3,320
30
16
55

3,991
7,084

2,620
668
1,032
648
1,928
3,093
2,764
206
4,322
6,126
391
1,134
2,717

1,130,877
566,087
523,704
444,170
1,028,755
1,231,606
1,014,946
236,111
1,239,604
5,507,823
437,166
681,918
1,479,703

1,167

4,186,734

5,567,727

640,571

188,853

21,570

234,901

4,510,481

120,898

4,706

5,044

13,336

___

Total Southern States. _

99,706
63,981
44,012
1,269,783
124,512
340,403

Other
bonds,
cotes,
and
debentures

386
211
637
13
61
9

Virginia
West Vircinia'
North Carolina
South Carolina
Georgia
Florida
Alabama
Louisiana
Texas
Arkansas
Kentucky
Tennessee

74,963
64,982
51,536
889,736
68,646
177,392

Obligations of
States
and
political
subdivisions

303

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

Loans and
discounts,
including
overdrafts

U.S.
Government
securities,
direct and
guaranteed




333
466
170

23

737

27,649 i 15,522,470

OhioIndiana
Illinois
Michigan
Wisconsin
Minnesota
Iowa
Missouri

241

_

_

_
_ _

Total Middle Western
States
North Dakota
South Dakota
Nebraska
Kansas
Montana
Wyoming
__ _
Colorado
Mew Mexico
Oklahoma

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

_

Total Pacific States
Total United States (exclusive of possessions)

58,268

23,314,288

720

282

1,007
1,875
1,552
759
189
1,936
199
2,120

280,774
275,856
960,677
954,199
304,970
184,395
889,857
235,012
1,426,417

434

290

10,357

5,512,157

357

24,282

152
483
15,493

136

222

4,221
5,976
38,479
167
161
639
2,245

1,751,264
1,259,288
10,450,733
351,615
298,034
144,250
323,260

101,482

673

25,298

16,128

51,888

14,578,444

571,276

9,458

43,794

113,088

323,005

87.880,035

159
2,109

25
76

9

47
824
34

32,315
218,693
4,009

9

905

255,017

113,097

323,910

88,135,052

831,740
422,724
2,374,894
620,132
339,973
567,521
213,893
532,361

29,976
9,912
29,495
12,604
8,841
6,767
3,431
8,113

5,464,198 10,099,936

822,323

540,164

32,722

264,493

5,903,238

109,139

35
126
174
39
26
77
24
200

50,146
64,609
220,333
234,633
56,364
36,044
191,322
68,988
330,498

154,518
128,803
387,154
360,762
153,864
82,118
389,463
80,596
525,172

7,497
f-,780
42,865
44,929
6,435
6,932
25,111
7,622
84,095

4,820
5,723
18,993
25,796
4,313
2,706
17,516
1,086
10,224

261

3,112
3,046
8,607
9,045
4,188
3,237
9,788
4,361
15,559

58,534
61,309
274,750
272,436
76,898
52,125
251,127
70,252
450,525

1,166
1,303
5,016
3,814
1,866
847
2,570
1,527
5,903

60

6
103

8
140
6

325

742

1,252,937

2,262,450

235,266

91,177

6,116

60,943

1,567,956

24,012

219

37
22
94
15
11
5
3

540,160
335,985
3,925,509
98,119
90,627
42,904
146,276

620,710
516,742
3,635,148
163,688
115,729
64,296
85,101

102,663
83,235
388,438
6,513
6,113
7,245
8,737

17,564
7,885
110,752
910
1,016
832
6.957

2,150
1,197
12,461
335
332
118
316

25,224
15,308
77,798
5,072
2,736
2,494
6,179

428,261
279,370
2,151,560
74,347
78,629
24,827
64,404

9,979
13,107
70,453
2,464
1,897
895
2,687

180

187

5,179,580

5,201,414

602,944

145,916

16,912

134,811

3,101,398

159,716 1,025,152 21,949,047

4,991 23,751,891 34,852,496 3,185,540 1,895,572
4
1
1

6,568
58,972
1,082

2,181

Total possessions

6

66,622

127,767

13,682
111,904

274
1,075
1,069
283
197
1,008
241
1,708

529
18
1,027

94
1,099
1,160
33
3,987
1,240
358

33
6,434
95
29

2,481

8,812

7
739
152

2
3

162
2,431
20

234

445

13

4,649

2,613

15,611

34,459

2,281

101

159,716 1,040,763 21,983,506

573,557

9,559

2,195
13,182

9,285
24,729

422

8

794

192
4,457

4,997 23,818,513 34,980,263 3,190,189 1,898,185




8,514

57,059
32,574
75,760
40,896
16,232
17,894
10,243
13,835

Alaska....
The Territory of Hawaii
Virgin Islands of the United
States
Total United States and
possessions
_.

512

3,625,255
1,718,746
9,134,363
2,678,872
1,488,791
2,121,184
790,652
1,756,425

5,431
2,114
13,436
3,621
1,772
2,775
935
2,638

873,645
336,095
2 161,148
607,868
275,227
533,487
180,498
496,230

989

6,332
3,728
24,296
7,820
4,603
7,150
1,215
3,124

83,140
40,256
190,343
72,307
41 805
57,796
17,186
37,331

41

_____

841

160,323
66,237
299,683
89,020
40,892
61,291
59,169
45,708

1,275

_ __ _

9

1,575,770
804,972
3,957,036
1,223,197
759,384
861,565
302,824
615,188

125
381
78
95
178
98
79

43,794

OO

TABLE NO. 33.—Assets and liabilities of active national banks, Dec. 31,1948—Continued
LIABILITIES
[In thousands of dollars]

Time
deposits

Bills payable, rediscounts, and
other
liabilities
for
borrowed
money

Acceptances executed by
or for account of
reporting
banks and
outstanding

Other
liabilities

16

933
420
882

Location

Demand
deposits

Maine
New Hampshire
_
Vermont
Massachusetts _
_
_ _
Rhode Island
Connecticut_
_
Total New England States. __ __

131,723
133,640
58,117
2,302,790
210,665
553,676
3,390,611

89,516
41,959
64,391
489,137
24,649
177,422
887,074

221,239
175,599
122,508
2,791,927
235,314
731,098
4,277,685

10,141,182
1,207,679
4,442,465
24,991
516,156
496,991

1,723,345
984,213
1,965,054
12,954
172,098
101,458

11,864,527
2,191,892
6,407,519
37,945
688,254
598,449

1,710
50

4,847

16,829,464

4,959,122

21,788,586

29,795

731,126
Virginia
389,209
W^est Virginia
400,076
North Carolina
367,116
South Carolina
806,145
Georgia
950,751
Florida
__ _ _ _ _ _ _
753,739
Alabama
176,277
Ivt ississippi
981,779
Louisiana
4,683,945
Texas _ _
352,746
Arkansas
529,809
Kentucky
1,102,881
Tennessee. _ _ _ _
Total Southern States
_ _ _ 12,225,599

313,928
136,790
92,866
54,212
161,685
200,960
195,322
47,402
191,655
507,389
57,162
109,359
289,880
2,358,610

1,045,054
525,999
492,942
421,328
967,830
1,151,711
949,061
223,679
1,173,434
5,191,334
409,908
639,168
1,392,761
14,584,209

300
400

35

15
1,478

New York
New Jersey
Pennsylvania. _
Delaware
M ary land
District of Columbia

__

_

-

Tota 1 Eastern States




- -

_ _

Total
deposits

100
100
800

Surplus

Undivided
profits

Reserves
and retirement
account
for
preferred
stock

23,482
1,330
3,725
30,772

8,893
8,372
4,620
120,786
11,370
23,072
177,113

4,634
4,190
2,778
40,473
3,934
10,179
66,188

2,842
24,927

296,024
8,308
29,347
52
1,593
2,788

288,432
56,654
213,131
1,710
14,470
11,400

541,841
62,580
345,679
3,083
22,966
14,850

191,913
27,662
108,337
709
9,125
7,218

35,181
12,161
38,395
70
4,481
1,218

56,616

338,112

585,797

990,999

344,964

91,506

149

4,436
1,284
1,928
1,839
5,998
4,845
4,559
499
4,550
14,671
1,264
1,973
5,304
53,150

27,031
12,690
8,525
6,900
19,172
27,100
19,105
4,448
17,498
108,751
8,330
13,935
24,957

34,487
17,954
13,820
8,280
21,583
34,241
24,768
6,971
26,470
116,564
10,386
19,329
40,288

15,340
5,663
4,489
3,924
8,137
9,344
11,638
332
10,601
51,448
6,294
6,310
12,851

4,080
2,097
1,977
1,899
6,035
4,315
4,337
182
1,344
16,589
984
1,203
2,805

298,442

375,141

146,371

47,847

25,193
214
28

1,140

25,451

27,835

51,606

134

129

23

5,707
8,466
737
735

to

7,790
5,785
4,728
74,046
9,570
21,106
123,025

140

200

Capital
stock!

M
CO

16,575

850

1,167
1,347
18,383
338

2,339,911
1 204,637
6,547,180
1,699,708
896,667
1 469,600
599,167
1,431,336

1,046,014
416,095
1,993,780
823,193
499,871
510,062
146,929
226,843

3,385,925
1 620,732
8,540,960
2,522,901
1,396,538
1,979,662
746,096
1,658,179

2,000

Total Middle Western States _ _ _ 16,188,206

5,662,787

21,850,993

2,350

Ohio .
_
Indiana
Illinois
Michigan
Wisconsin
Minnesota
Iowa_ _
Missouri

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

__ _ _
_

_

Total Western States
Washington
Oregon
California-Idaho _
Utah
Nevada
Arizona
Total Pacific S t a t e s . . _

- _

Total United States (exclusive of
possessions) _
_
Alaska.
_ _ __
The Territory of Hawaii
Virgin Islands of the United States
Total possessions-__
Total United States and possessions
1

50
50

200
50

655

12,927
5,209
36,139
16,998
3,739
14,676
1,407
4,712

83,776
28,865
207,334
40,805
27,180
37,696
12,824
32,193

97,311
39,847
234,735
66,180
31,191
55,750
18,698
33,925

35,899
18,637
61,304
22,406
21,130
20,809
8,825
24,139

8,378
5,373
47,037
9,487
6,984
12,169
2,602
2,572

9,077

95,807

470,673

577,637

213,149

94,602

282

931
1,015
1,616
2 011
897
468
2,549
440
4,508

3,990
3,663
17,895
16,795
4,825
2,515
14,124
4,306
25,843

4,755
5,500
17,728
19,121
4,655
4,252
19,870
3,967
31,748

2,545
2,377
10,769
10,182
2,844
1,981
11,888
331
23,141

785
721
3,829
1,491
449
620
3,793
1,578
5,594

290

14,435

93,956

111,596

66,058

18,860

160

6 313
6,883
94,897
960

31,479
23,531
199,101
5,613
5,632
2,128
5,675

20,373
22,996
117,221
2,619
2,383
3,535
2,125

12,274
5,463
21,425

1,445
953
3,326

24,835
16,385
193,676
5,685
5,075
1,810
4,850

989
33
6,854
95
29
422

199,022
214,182
799,444
825,199
241,549
143,836
670,692
193,450
1,240,140

68,746
48,323
102,896
79,265
49,751
30,723
166,933
30,940
95,161

267,768
262,505
902,340
904,464
291,300
174,559
837,625
224,390
1,335,301

4,527,514

672,738

5,200,252

1 196,884
846,480
5,794,520
264,141
218,411
88,125
243,715

458,946
337,067
4,010,617
72,006
63,856
47,684
62,660

1,655,830
1,183,547
9,805,137
336,147
282,267
135,809
306,375

8,652,276

5,052,836

13,705,112

600

19,319

114,777

252,316

273,159

171,252

41,909

61,813,670

19,593,167

81,406,837

41,330

127,328

647,053

1,824,209

2,505,645

1,007,982

319,651

23,116
99,229
1,862

7,310
107,905
1,757

30,426
207,134
3,619

5

400

400
23

4,000
75

388

9

4,000
150

775

965
30

2,185
112

124,207

116,972

241,179

9

428

4,550

4,850

1,383

2,618

61,937,877

19,710,139

81,648,016

127,337

647,481

1,828,759

2,510,495

1,009,365

322,269

75

6,500
135
8

6,710

600

41,330

483
18,676

591

1,232
15
909

321

See classification on pp. 136 and 137.




CO

00

TABLE NO. 33.—Assets and liabilities oj active national banks, Dec. 31,1948—Continued
[In thousands of dollars]
Loans and discounts

Commer- Loans to
cial and farmers diindustrial rectly guar- Other
loans (in- anteed by loans to
the Com- farmers
cluding
modity
openmarket Credit Corporation
paper)

Location

Maine
New Hampshire.
Vermont
Massachusetts
Rhode Island . . . .
Connecticut

Total Eastern States
Virginia
West Virginia
North Carolina
South Carolina
Georgia _
Florida
Alabama «^
Mississippi. _
Louisiana
Texas
Arkansas

1 004

3,260
1,886
5,113
2,657
16
1,897

50
4
26,638
183
376

646
1,717
2,065
12,363
2,525
4,699

Real-estate loans
Secured
by farm
land (including
improvements)
1,588
1,182
3,358
1,068
123
1,110

ft!

Other
Secured
loans to
by resiSecured
indidential
by other
viduals
properties properties (consumer
(other
loans)
than
farm)
13,712
13,709
12,065
57,590
7,429
45,660

4,604
3,160
2,913
47,769
3,060
12,312

16,018
13,839
13,485
154.412
12,622
39,873

Loans
to
banks

135
80

All other
loans
(including
overdrafts)

1,399

2,604
1,212
1 156
25,100
4,908
7,239

Total
gross
loans

75,638
65,185
51,780
904,628
69,685
179,917

Less
valuation
reserves

675
203
244
14,892
1,039
2,525

Net
loans

7,919

14,829

27,251

24,015

8,429

150,165

73,818

250,249

1,614

42,219

1,346,833

19,578

1,327,255

1,099
192
287
4
762

31,578
6,387
31,796
805
3,455
24

402,129
1,302
3,916

16,739
4,621
31,876
1,312
5,804
78

225,896
192,218
338,987
4,312
31,417
26,687

6P.467
32,102
96,441
1,012
10,687
15,246

474,826
116,824
260,620
706
20,003
28,739

15,138
692
3

359
397

65,108
9,408
29,471
928
7,031
2,087

92,160
7,070
38,227
278
4,624
7,848

3,791,172
507,576
1,810,967
13,154
141,598
146,254

50,310
3,413
14,311
24
521
955

3,740,862
504,163
1,796,656
13,130
141,077
145,299

3,640,536

2,344

74,045

408,103

114,033

60,430

819,517

223,955

901,718

15,833

150,207

6,410,721

69,534

6,341,187

110,501
31,529
62,149
48 248
153,352
122,470
120,655
17,921
155,248
887,282
31,183

1,233

15,904
2,155
2,496
1,666
5,853
3,660
9,269
3,175
3,632
110,339
12,188

1,689

12,328
1,810
7,062
1,147
16,234
15,062
5,794
1,378
3,629
67,118
451

13,808
3,698
2,292
1,365
3,253
1,896
4,962
1,592
2,001
18,315
3,541

88,439
43,446
10,474
11,477
20,534
19,485
30,624
6,261
19,862
80,875
10,376

24,220
8,530
5,589
8,769
13,275
15,608
11,306
3,311
12,319
49,568
5,602

75,360
37,873
34,805
22,788
82,422
54,280
57,518
11,640
40,438
254,444
27,009

160

12,974
1,502
3,364
5,131
18,434
7,492
6,821
1,634
17,967
51,362
1,577

356,616
130,543
131,324
108,889
322,654
241,003
274,521
49,633
274,451
1,579,843
109,368

2,374
1,302
768
746
1,873
1,958
2 309
300
3,139
10,507
306

354,242
129,241
130,556
108,143
320,781
239,045
272,212
49,333
271,312
1,569,336
109,062

._
__




1,964
7 883
5,615
26,164
2,565
17,786
53,052
16,973

820
415
843
794
1,408
156
1,419
6,878
418

309
2,839
256
150
610
50

s

3

74,963
64,982
51,536
889,736
68,646
177,392

746,325

..

.

6 915

Other loans
for the
purpose of
purchasing
or carrying stocks,
bonds, and
other
securities

2,398,032
137 452
978,654
3 794
57,456
65,148

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

26 106
28,396
11 625
574 628
38,819
66,751

Loans to
brokers
and dealers in
securities

I
I

56 286
236 ,769

157
33 ,880

16 ,865
12 ,940

279
3 ,301

2 319
27 ,777

2 ,033 ,593

167 ,272

200 ,142

18 ,420

162 ,109

326 ,931
133 ,802
1 ,403 888
201 131
137 ,171
234 257
58
253 252

1 ,882
912
5 ,423
484
4
14 951
13
15 252

23 ,074
13 ,210
58 729
6 ,639
7 ,836
25 492
30 705
34 926

8 507
505
61 460
2 530
240
3 670
753
2 840

19 ,655
3 ,342
69 764
8 ,920
2 ,988
14 158
2 14?
10 068

2 ,748 698

52 196

200 611

80 505

131 037

Kentucky
Tennessee
Total Southern States
Ohio
Indiana.-. . . __
Illinois
Michigan _
Wisconsin
Minnesota
Iowa
Missouri

..

T o t a l Middle Western
States
...
North Dakota
South D a k o t a - . .
Nebraska
Kansas
Montana
Wyoming. _ _ _
Colorado
New Mexico . . _
Oklahoma

._.

10
13
69
64
I9
9
60

911
863
665
802
688
557
656
260
163 769

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

429 171

-

15
11
32
49
14
2
9
4
26

Total possessions

_

355

1

545

1

4 412
6,755

166 ,020
473 ,321

1,684
4,186

164,336
469,135

73 023

394 271

179,675

845,197

5 ,059

139,425

4 ,218 ,186

31,452

4 186,734

652
929
789
627
432
622
86?
032

52,828
17,278
54,148
40,805
14,138
17,565
7,930
14,394

177,607
58,852
288,599
120,978
34,634
106,202
26,186
75,530

710
255
122

35,408
7,485
29,811
28,812
12,891
28,341
3,688
12,038

881 ,283
338 ,727
2 ,186 ,278
611 ,946
279 209
538 417
18?
498 113

7,638
2,632
25,130
4,078
3,982
4,930
1,622
1,883

873,645
336,095
2 161,148
607,868
275,227
533,487
180,498
496,230

944 945

219,086

888,588

1 115

158,474

5 516 093

51,895

5 464,198

5 8?7

2,066
2 589
7,535
5 176
1 894
2,663
10,247
3 917
10,100

7,970
9 832
29,629
34 534
9 539
5,764
26,400
11 390
56,302

380
994
-2,382
680
222
175
614
478
1,707

50,146
64,609
220,333
234,633
56,364
36,044
191,322
68,988
330,498
1 252,937

30
12
16
6
5
8
7
4

029
157
545
020
872
134
300
781

90 838
1
1
3
g

204
90
197
195
63
85
31
75

674
604
946
959
139
234
498
778
487

210
259
591
247
707
932
3 559
1 271
6 896

11 644
12 819
17 723
g 978
6 129
24, 251
12 418
26 101

15 319

25 672

123 890

46,187

191,360

286

4 972
2 865
30 316
353
2 033
1 102
22

87, 990
9 129
042
50 060
57 549 1,546, 914
2 683
23 115
22, 025
1 310
1 058
16, 233
1 624
38, 194

29,953
18 714
171,963
6 688
4,755
5,138
2,460

93,529
71 125
479,651
10 456
18,810
7,279
25,842

86 794

239 475

11, 785

41 663

79 395 1,784, 531

239,671

706,692

482 020

959 861

548, 782

488 176

337, 787 4,217, 319

982,392 3,783,804
549
6,200
127

829
5,324
171

6,876

6,324

457
003
897
418
019

16
19
158
12
5
3
23

3, 328
14, 179
243

6, 389
12

7 130
4

795
67

1, 909
16, 5?8
457

17, 750

6, 401

7, 134

862

18, 894

Total United States and
possessions
11, 564, 158




7
1

685

1 474
329
9 211
39
446

Total United States (exclusive of possessions) . 11 546 408
Alaska
The Territory of Hawaii
Virgin Islands of the United States

13
763
1 042

39 675
106,945

2 718

1 948 085

Total Pacific States. . .

?36
888
309
617
245
919
233
376
936

9 902
11,676

714
033
427
706
492
216
887

39
18
11
14
3

__

6
13
52
47
9
7
49
10
33

25 773
26 645

230,759

165 495

252,022
145 ass
1 436 193
9
5 947
26 429
8 625
53 481

_.

075
001
128
489
546
588
133
807
728

10 352
5 ,948

482, 020

966, 262

548, 782

495, 310

338, 649 4,236, 213

989,268 3,790,128

3
25

177
291
230

557
910
6,153
6 433
850
433
6,374
1,249
6,341

50
65
222
935
56
36
191
69
332

5?6
603
715
313
586
219
936
466
205

29,300

1 260 569

7,632

8,473
4 738
68,314
2 554
6,877
370
1,127

543
336
3 973
08
91
43
146

713
297
178
959
196
021
923

3,553
312
47,669
840
569
117
647

2 743

92,453

5 233 287

53,707

5, 179,580

27 062

612,078

23 985 689

233,798

23, 751,891

3
2,427
1

6 618
58 97?
1, 082

50

6,568
58,972
1,082

2,431

66 672

50

66,622

614,509

24, 052, 361

233,848

23, 818,513

698

2 743

27, 062

540,160
335,985

3, 925,509

98,119
90,627
42,904
146,276

OO

en

TABLE NO. 33.—Assets and liabilities of active national banks, Dec. 31,1948—Continued

CO

[In thousands of dollars]
Capital stock
Location

Maine
..-.
New Hampshire _
Vermont _•
Massachusetts-..
Rhode Island....
Connecticut
Total New England States
New York
New Jeisey.
Pennsylvania
Delaware
Maryland
District of Columbia.
Total Eastern States.
Virginia
West VirginiaNorth Carolina .
South Carolina .
Georgia
Florida
Alabama
Mississippi. ..-Louisiana
Texas
Arkansas
Kentucky
Tennessee.
Total Southern States .




Preferred
stock

Common
stock

Time deposits

Demand deposits
Individuals, partnerships,
and corporations

U.S
Government

States
and
political
subdivi-

Banks
United
States

Banks
in
foreign
countries

Certified
and
cashiers'
checks,
etc.

Individuals, partnerships,
and corporations

U.S.
Government

41,447
63,693
483,848
24,200
175,290

507
404
133
2,702
397
1,472

Postal
savings

and
political
subdivisions

in

United
States

280

7,790
5,771
4,608
73,942
9,570
20,826

114,280
106,878
51,796
1,778,788
185,853
475,281

3,324
3,373
1,082
58,480
3,765
14,412

7,118
12,684
2,990
142,299
9,325
25,148

5,178
6,302
952
265,607
9,391
22,389

18,740
355
31

1,805
4,403
1,297
38,876
1,976
16,415

518

122,507

2,712,876

84,436

199,564

309,819

19,144

64,772

877,114

5,615

163

4,156

26

3,518
5,714
116

284,914
50,940
213,015
1,710
14,470
11,400

7,568,300
968,494
3,633,917
23,367
395,859
423,358

203,601
36,203
101,806
393
12,546
12,635

247,921 1,222,884
154,899
23,725
154,694 471,279
534
290
39,303
65,594
92
43,137

578,591
34
13,816

1,663,338
977,199
1,883,856
12,942
169,114
100,933

13,326
1,806
460
10
1,510
500

346

24,147
5,179
78,354
2
1,198

1,365
29
2,038

340
3,871

319,885
24,324
66,953
407
2,514
13,898

9,348

576,449

13,013,295

367,184

597,443 1,826,909

596,652

427,981

4,807,382

17,612

376 108,880

3,703

25

544,341
293,566
311,995
291,365
556,667
700,517
555,582
121,185
623,238
3,374,907
267,743
443,457
700,987

16,863
12,449
7,232
7,364
14,610
10,894
13,241
2,997
12,800
55,140
4,521
5,974
14,055

76

295,688
134,993
89,123
52,491
160,323
190,325
192,936
46,695
187,169
413,790
56,807
108,344
281,481

5,849
1,229
1,788
640
1,019
1,279
1,217
702
636
7,585
20
270
3,193

332
210
11
300
15
1,025
880
5

74

19,498
12,897
7,463
5,430
10,652
9,910
7,049
1,284
13,040
115,954
3,945
5,601
12,892

12,044
328
1,943
774
298
8,270
279

519
150
300
435

27,006
12,690
8,525
6,900
19,172
27,100
19,105
4,310
17,498
108,232
8,180
13,635
24,522

369
24
16
199

3,791
83,229
211
674
1,901

2,416
100
55
3,106

1,567

296,875

8,785,550

18,088

225,615

2,210,165

25,427

821

113,742

8,455

14
120
104

138

52,049
41,212
49,063
46,734
77,509
121,647
107,893
29,054
156,842
381,170
31,441
28,158
100,813

98,299
29,085
24,323
16,223
146,657
105,602
69,698
21,757
166,713
750,489
45,096
46,619
274,060

178,140 1,223,585 1,794,621

50
2,181
276
9,146
6,285

20

Banks
in
foreign
countries

367
88
562
2,492
2
645

d
O
21,169

271
21,169

d

1, 883
61
25, 590
4, ?44
452
2 393

499,780 1,152,096 2, 249,709

130
1 569
1 000
50
1 143
30

76,776
28,735
205,765
39,805
27,130
36,553
12,794
32,193

1, 873,449
899,266
4, 900,156
1 354,802
683,206
983,415
402,307
938,922

Total Middle Western S t a t e s - 10 922

459,751

12 035,523

3 990
3,663
17 866
16,772
4,765
2,445
14,085
4,306
25,843

177,505
177,734
594,878
587,715
189,285
113,200
552,129
138,930
889,936

4 415
5,206
13 670
12,221
3,672
2,329
16,165
2,847
25,489

6 498
21,071
41 388
135,026
31,335
15,383
28,852
37,877
160,413

8 684
8,484
143 322
80,146
14,429
10,858
66,832
10,584
145,786

93,735

3 421,312

86,014

477,843

989,835
686,806
4 658,058
207,246
159,141
69,038
192,408

21 362
13,997
119,376
3,648
1 876
1,683
3,148

6 962,532

165,090

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

__.

__ __

99
23
60
70
39
_. __

Total Western States
Washington
Oregon
California
Idaho
Utah
Nevada
Arizona

221

.

700

24,835
16,385
193,012
5,680
5,075
1,810
4,150

Total Pacific States

1 ,369

250,947

_.

Total United States (exclusive
of possessions)..
.
Alaska
The Territorv of Hawaii
Virgin Islands of the United States
Total possessions-_ _. _ _
Total United States and possessions
1

181,751
155 398
159,002
97,745
373 468 1 000,258
100,047
126,073
101,304
59 200
157,462
275,875
94,528
73 427
372,175
74,092

7, oon

Ohio
fndiana.
Illinois
Michigan
Wisconsin
Minnesota
Iowa
Missouri

664
5

23 945 1,800,264

84,330
27,384
177,795
94,993
34,149
30,583
17,733
32,813

963,225
412,644
1 862,615
817,025
494,661
502,511
144,917
221,286

1,401
2,399
1,505
2,236
4,082
101
1,723
585

170
134
74
35
34
100
52
125

80,035
28
129,576
3,664
679
1,594
237
4,792

1,183
890
10
233
415
5,756

1 166

43,100
21,179
69,913
19,549
18,356
19,872
11,172
12,168

35 789

215,309

5 ,418,884

14,032

724

220,605

8,542

68,396
47,074
102,771
76,387
49,393
29,974
165,477
28,927
90,082

250
499
89
1,939
11
420
112
2,002
201

6
2
23
36
5
17
5
11
95

94
748
11
870
337
312
226

2
33
5

676

1,920
1,687
6,185
10,091
2,828
2,066
6,678
3,212
17,840

3,164

1,619

489,125

713

52,507

658,481

5,523

200

5,762

2,772

94 771
97,296
503,965
46,003
28 092
14,638
39,542

72 221
30,382
237,469
4,176
26 655
946
2,815

2 835
957
74 207

452,527
330,973
3 ,716,278
71,282
63,282
45,538
62,195

5,516
86
14,554
673
497
128
250

13
15
357
11
20

500
5,898
276,238

2,500

5

7
2,018
210

390
95
690
40
50

619

15,860
17,042
201,445
3,068
2,647
1,820
5,183

824,307

374,664

78 618

247,065

4 ,742,075

21,704

421

284,871

1,265

2,500

749 004 1,233,249

18 ,714,101

89,913

2,705

738,016

24,763

23,669

7,233
105,053
1,669

6
2,747

5
11

66
94
80

46 931,088 1,380,644 4,474,838 7 044,847

1

36

1,113

18,391
54 184
973

2,318
25 814
245

2,095
14 951
618

40
1,199
12

65

100

400
4,000
50

272
3,016
14

3

5

100

4,450

73,548

28,377

17,664

1,251

65

3,302

113,955

2,753

16

240

3

5

749 069 1,236,551

18 ,828,056

92,666

2,721

738,256

24,766

23,674

24 045 1,804,714

47 004,636 1,409,021 4,492,502 7 046,098

Includes dividend checks, letters of credit and travelers' checks sold for cash, and amounts due to Federal Reserve banks (transit account).




55

TABLE NO. 34.—Assets and liabilities of all active banks other than national, Dec. SI, 1948 (includes State commercial, mutual savings, and
private banks)
ASSETS
[In thousands of dollars]

Maine
New Hampshire
Vermont
Massachusetts
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




-

Currency
and coin

7,186
2,668
6,544
26,748
5,353
38,273

39,955
28,988
8,078
350,100
56,934
169,560

7,521
24,094
2,140
67,015
30,010
44,044

8,903
1,911
2,615
39,730
11,989
30,636

86,772

Loans
and discounts,
including
overdrafts

Obligations of
States
and potical
subdivisions

63
58
38
258
20
137

131,928
131,735
131,876
1,377,169
198,079
573,734

272,652
197,226
62,736
2,678,246
456,651
1,195,952

574

2,544,521

4,863,463

Number of
banks

Location

Other
bonds,
notes,
and debentures

Corporate
stocks,
including
stocks of
Federal
Reserve
banks

U.S.
Government obligations,
direct and
guaranteed

Balances
InvestReal ments and Cuswith other
banks, inestate
other
tomers'
Bank
cluding
assets
liability
premises owned,
reserve
indirectly on acother
owned,
balances, furniture
represent- ceptthan
and cash and fix- bank
ing bank
ances
items in
outpremises premises
tures
process of
or other standing
collection
real estate
47,924
14,813
12,654
319,387
73,063
188,815

2,779
1,795
1,850
26,215
10,767
14,563

440
448
41
550
698
826

428
1,595
268

96
1,003
225

Other
assets

789
188
251
7,836
1,851
14,229

Total
assets

520,173
403,866
229,213
4,895,594
845,888
2,270,632

653,615

174,824

95,784

656,656

57,969

3,003

2,387

1,228

25,144

9,165,366

393 9,782,828 14,180,473
700,103 1,465,411
150
.354 1,152,979 2,186,803
216,474
132,814
28
727,162
111
295,773
186,673
125,664
10

469,597 1,032,958
124,239
200,257
174,252
521,782
17,390
69,203
18,977
79,163
2,330
11,360

86,772
15,802
25,107
3,607
2,757
934

201,793
45,267
74,686
5,723
19,716
7,914

5,936,979
391,798
743,212
89,445
187,570
112,414

193,946
32,006
49,072
2,997
9,311
8,091

5,773
676
4,315
301
245
293

8,673
332
6,177
656
128
1,350

77,134
308
263
5
44

123,414
10.888
16,883
1,143
10.819
1,324

32,100,340
2,987,087
4,955,531
539,758
1,351,695
458,347

1,046 12,190,161 18,962,996

806,785 1,914,723

77,754

164,501

42,392,758
815,220
467,140
1,434,739
281,505
772,889
535,001
330,170
628,806
561,210
1,274,440
418,693
1,047,997
590,044
9,157,854

134,979

355,099

7,461,418

295,423

11,603

17,316

183
105
181
125
334
128
155
180
127
457
179
294
224

292,194
132,606
418,402
65,044
280,449
112,164
100,837
153,886
132,216
364,541
97,850
310,749
182,437

292,436
205,568
526,530
107,449
254,380
272,430
117,433
207,825
176,334
421,031
161,100
415,972
205,238

19,450
12,586
59,793
21,260
17,135
21,965
17,682
80,847
64,294
68,415
19,566
16,400
39,470

13,015
6,642
52,281
5,507
3,016
2,856
2,501
4,176
3,207
8,539
3,756
17,588
5,209

1,024
940
1,472
379
1,023
215
191
340
589
2,121
149
875
1,796

17,666
12,039
35,725
8,420
19,632
14,935
10,280
18,054
15,620
29,128
9,449
18,730
14,886

168,175
91,372
324,662
71,902
188,739
104,465
79,145
159,112
165,222
368,175
124,822
262,332
133,799

78
46
70
92
380
263
62
141
32
1,559
27
7
696

532
678
119
7
78
40
154
4
262
156
14
11
3

548

2,117
1,279
7,887
371
1,831
1,241
475
691
692
1,904
352
1,096
1,081

2,672

2,643,375

3,363,726

458,863

128,293

11,114

224,564

2,241,922

8,533
3,384
7,686
1,074
6,193
4,410
1,410
3,666
2,724
8,871
1,608
4,237
4,881
58,677

3,453

2,058

792

2.1,017

112
33
17
64
18

CO

00

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

. . . . . . .
_

_ _ .

-

_ _ . - . __

Total Middle Western States. .
North Dakota
South Dakota
Nebraska
Kansas
Montana
Wyoming
Colorado
New Mexico
Oklahoma

- . _

Total Western States
Washington
Oregon

•
-

--

Idaho
Utah
Nevada
Arizona

- - - -

Total Pacific States
Total United States (exclusive
of possessions).

-

428
366
506
368
460
504
566
520

1,108,626
370,966
634,193
691,899
439,428
286,943
462,734
823,759

1,920,087
771,139
1,739,150
1,216,393
790,036
527,295
730,814
982,055

161,484
43,107
187,887
145,151
89,089
45,017
87,342
81,788

131,902
26,557
120,743
51,745
42,693
52,230
19,783
48,801

4,165
952
5,846
2,564
777
133
577
14,434

76,802
30,576
38,463
48,428
27,281
14,712
24,800
33,788

784,925
278,045
749,404
449,178
260,611
127,870
277,104
684,114

23,387
7,579
12,029
17,829
8,328
3,358
5,018
13,015

316
47
257
80
45
34
38
2,224

1,198
291
6,786
498
637
501
1,335
130

131
35
438
89
21
17
11
195

9,840
2,027
9,871
4,835
2,380
1,692
957
7,075

4,222,863
1,531,321
3,505,067
2,628,689
1,661,326
1,059,802
1,610,513
2,691,378

3,718

4,818,548

8,676,969

840,865

494,454

29,448

294,850

3,611,251

90,543

3,041

11,376

937

38,677

18,910,959

110
135
290
435
73
29
69
25
186

57,941
66,301
106,505
236,127
78,928
20,311
'1 85,644
25,795
89,784

216,926
139,391
203,590
323,848
132,404
37,088
114,871
31,400
102,548

16,856
10,225
11,488
44,937
8,112
1,957
6,220
2,956
21,182

5,633
2,820
4,662
1,967
3,800
497
1,613
134
1,912

301
75
174
357
201
50
167
52
55

3,464
3,447
4,569
8,936
3,706
1,278
4,482
2,559
5,278

46,822
43,479
81,337
171,493
70,553
25,896
66,832
24,089
66,764

442
754
981
2,238
615
429
742
427
972

2

238

48
16
4
18
77
4
11

101
292
489
380
27
1 525
24
791

348 625
266,593
413 646
790,791
298 703
87,551
282 178
87,440
289,298

1,352

767,336

1,302,066

123,933

23,038

1,432

37,719

597,265

7,600

180

384

3,867

2,864,825

87
50
109
32
44
3
8

138,768
48,676
1,093,533
36,730
96,465
10,275
33,525

225,270
80,915
1 544 570
39,972
117,766
11,752
55,538

17,209
9,194
177 450
3,489
11,906
809
8,446

12,132
434
47,858
311
2,277
3
1,256

150
51
4 362
50
292
15
82

6,391
3,133
31,782
1,863
3,625
810
3,269

62,216
27,464
663,017
24,812
67,582
5,932
20,994

1,699
960
27 416
634
809
258
1,939

2
58
149
14
103
1
2

7
21
2

766
344
9 506
35
347
158
225

464 610
171,250
3 603 679
107 910
301 318
30 013
125,282

333

1,457,972

2,075,783

228,503

64,271

5,002

50,873

872.017

33,715

329

182

4,034

11,381

4,804,062

356,799 1,058,889 15,440,529

33,703

84,750

264,587

87,295,824

388
18,303
160
812
7,858
9

38 799
23,636
22 103
230,920
327,439
1,657

9,695 24,421,913 39,245,003 2,545,721 3,278,394

The Territory of Hawaii
Puprto Rico
American Samoa

15
4
1
8
14
1

10,392
737
332
85,718
115,121
17

14,288
1,735
16,656
81,431
121,950
1,227

Total possessions

43

212,317

237,287

Alaska

Total United States and possessions

543,927

21,609

2,612
2,272
2,495
13,998
24,033
94

8,917
557
2,221
32,715
21,615
309

373
32
4
2,268
3,220
1

45

45,504

66,334

357,636 1,104,393 15,506,863

12

1,772

8,152
9,741

21
4,486
16,823

837

17,905

23,102

837

9,738 24,634,230 39,482,290 2,563,626 3,301,496

383
5
1
5

4 034

146
6

273
270

229
29

214
1
6,779

5,898

588

258

6,994

27,530

644,554

549,825

22,197

33,961

91,744

292,117

87,940,378

NOTE.—Figures obtained from the Federal Deposit Insurance Corporation.




CO
CD

TABLE NO. 34.—Assets and liabilities of all active banks other than national, Dec. 31, 1948 (includes State commercial, mutual savings, and
private banks)—Continued
LIABILITIES
[In thousands of dollars]

Demand
deposits

Location

Maine
New Hampshire
Vermont _
Massachusetts _ _
Rhode Island
Connecticut
Total New England States
NewYork_ _
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




__

Time
deposits

Total
deposits

Bills payable, rediscounts, and
other liabilities for
borrowed
money

Acceptances
executed
by or for
account of
reporting
banks and
outstanding

1,746

119,273
13,624
32,760
886,027
216,292
500,945
1,768,921

348,352
345,266
172,734
3,492,861
548,141
1,537,744
6,445,098

467,625
358,890
205,494
4,378,888
764,433
2,038,689
8,214,019

1,650

1,228

15,915,836
1,208,483
2,323,295
340,579
582,421
309,536
20,680,150

12,915,251
1,540,737
2,151,807
139,957
647,551
111,775
17,507,078

28,831,087
2,749,220
4,475,102
480,536
1,229,972
421,311
38,187,228

6,049

85,562

480,195
299,833
1,064,976
227,937
550,223
370,124
247,484
506,360
441,601
1,091,726
355,458
863,126
408,274

269,421
126,099
269,512
36,097
155,673
131,040
60,276
86,882
87,251
103,765
39,106
110,857
139,417

6,907,317

1,615,396

749,616
425,932
1,334,488
264,034
705,896
501,164
307,760
593,242
528,852
1,195,491
394,564
973,983
547,691
8,522,713

300
195
635
370
150

Other
liabilities

845
804

1,003

225

21,812
9,354
12,275
46,836

75

308
263
5
44

6,712

86,182

255,178
14,422
29,763
2,504
7,489
3,468
312,824

650
440
595

146

6,021
1,967
14,922

652
80

33
18

7,788
1,518

150
50

64
18

476
32

548

3,125

827

1,260
1,608
5,978
319
4,836
3,033
50,498

588

511

737

Capital
stock l

Surplus

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

O
H

24,454
24,547
3,827
243,459
47,953
119,900
464,140

16,850
14,132
5,135
200,458
6,100
73,104
315,779

1,965
3,749
3,181
13,162
4,123
3,768
29,948

530,462 1,700,086
57,583
118,411
108,793
260,069
10,518
25,497
19,786
53,104
9,600
17,375
736,742 2,174,542

614,544
29,312
62,614
9,430
36,908
5,151
757,959

77,372
17,831
18,339
11,268
4,317
1,442
130,569

F
W
W

23,358
18,049
44,241
6,689
22,705
13,952
8,556
21,100
11,701
25,590
8,204
31,996
14,361
250,502

9,270
5,854
12,482
2,864
11,732
4,987
5,275

4,118
2,264
7,141

O

890

680
803

5,668
14,083
5,715
10,776
7,695
97,291

1,726
3,546
1,066
1,832
1,840
31,483

7,233
1,508
10,137
36,442
13,700
22,746
91,766

22,187
12,634
20,724
6,814
20,060
11,431
7,162
11,297
11,587
29,752
8,825
24,098
14,844
201,415

593

4,023
1,851

o
o
g

o
*]

H
W

d

1,300

131
35
460
89
21
17
11
195

21,144
5,463
32,368
11,220
2,753
1,714
1,271
9,197

77,338
30,660
61,755
56,162
38,254
18,963
29,290
67,248

114,747
37,987
66,565
56,178
37,701
30,211
35,606
53,341

39,695
18,495
43,264
31,008
15,810
12,643
22,506
41,392

9,095
3,788
27,009
12,652
5,396
3,618
7,071
6,530

17,710,651

2,241

959

85,130

379,670

432,336

224,813

75,159

328,926
252,606
388,547
742,775
286,172
82,478
263,899
83,096
268,641

100

1,018
109
763
918
407
166
1,271
27

4,129
4,065
8,450
18,429
4,221
2,212
5,855
1,335
6,296

5,581
4,108
4,640
11,363
2,884
944
3,690
82
5,048

2,783
731
992
1,193

956

6,088
4,974
10,029
15,634
4,735
1,359
5,857
2,050
6,800

5,635

2,129,485
944,707
2,235,423
1,153,870
769,070
468,106
1,129,744
2,072,159

1,830,628
490,186
1,038,102
1,307,485
792,321
524,530
384,819
440,016

3,960,113
1,434,893
3,273,525
2,461,355
1,561,391
992,636
1,514,563
2,512,175

Total Middle Western States _ _ _ 10,902,564

6,808,087

233,345
213,902
352,782
660,769
238,928
66,488
207,674
72,966
246,074

95,581
38,704
35,765
82,006
47,244
15,990
56,225
10,130
22,567

2,292,928

404,212

2,697,140

164,210
101,299
1,691,376
79,723
165,725
19,144
80,594

270,234
60,515
1,691,888
22,603
116,174
9,299
36,295

434,444
161,814
3,383,264
102,326
281,899
28,443
116,889

2,302,071

2,207,008

4,509,079

Ohio
Indiana
Illinois
Michigan
Wisconsin
Minnesota
Iowa
Missouri _

North Dakota
South Dakota.
Nebraska _
Kansas
Montana
Wyoming
Colorado.
New Mexico
Oklahoma

_

_

_

Total Western States
Washington
Oregon
California
Idaho
Utah
NevadaArizona
Total Pacific States
Total United States (exclusive of
possessions) _

600
121
25
195

225
479
586

5

851

2,241

5

4,140

4,140
15,969

93,341

44,853,951

34,986,879

79,840,830

Alaska
Canal Zone (Panama)
Guam
The Territory of Hawaii _
Puerto Rico
American Samoa

24,701
20,643
12,422
98,891
138,892
1,132

10,938
2,990
8,497
112,245
120,801
391

35,639
23,633
20,919
211,136
259,693
1,523

Total possessions __

296,681

255,862

552,543

7,021

7,148

45,150,632

35,242,741

80,393,373

22,990

100,489

Total United States and possessions _
1

Includes capital notes and debentures.




(See classification on pp. 144 and 145.)

50

6,971

368
1
6,779

284
392

1,015

850
706

57,526

54,992

38,340

8,946

1,519
419
19,771
52
714
111
840

6,386
3,374
70,798
2,160
6,899
603
1,908

15,885
3,663
70,625
1,975
7,784
497
3,885

4,498
1,705
44,606
1,074
3,620
345
1,225

1,878

23,426

92,128

104,314

57,073

13,902

524,349 1,559,247 3,480,826 1,491,255

290,007

7
3
39
629
15,584

8

275

10,475
323
402
14
535

775

768

982

628

400
7,237
26,727

100
7,005
8,710

52
2,626
1,264

225

50

65

16

3

35,189

16,648

4,940

4,803

540,611 1,594,436 3,497,474 1,496,195

294,810

16,262

O

2,236
1,711

F
F

a
d

TABLE NO. 34.—Assets and liabilities of all active banks other than national, Dec. 31, 1948 (includes State commercial, mutual savings, and
private banks)—Continued
[In thousands of dollars]
Loans and discounts
Commercial and
industrial
loans (including
open-market paper)

Location

Loans to
farmers directly guar- Other
anteed by loans to
the Com- farmers
modity
Credit Corporation

Loans to
brokers
and
dealers in
securities

Other loans
for the
purpose of
purchasing
or carrying
stocks,
bonds, and
other
securities

Real-estate loans
Other
loans to
Loans
Secured by Secured by
to
farm land residential Secured individuals
banks
(consumer
(including properties by other
loans)
improve- (other than properties
farm)
ments)

Other
loans (including
overdrafts)

Total
gross
loans

Less
valuation
reserves

Net
loans

16,478
40
279

1,391
65
1,476
15,191
1,575
4,520

3,195
2,788
11,672
5,969
1,280
5,707

63,669
111,690
82,196
891,211
102,033
388,523

10,579
4,560
11,984
207,054
26,989
42,797

15,016
5,650
8,797
106,612
16,272
59,506

290

21,496

10,925

24,218

30,611 1,639,322

303,963

211,853

430

580
1
89
236
400

20,177
1,261
6,242
1,381
5,832

721,279
3,233
15,094
1,775
137
215

219,552
11,182
25,526
2,502
14,088
804

18,097 3,436,140
344,619
1,589
341,643
12,693
43,489
5,051
97,685
10,126
39,350
62

834,543
64,603
87,598
7,963
32,786
13,078

621,754
131,197
308,628
24,756
61,869
33,932

88,985

169,741 10,047,377
9,952
712,316
22,460 1,169,807
1,186
133,138
9,417
297,639
6,974
126,098'

4,552,823

1,306

34,893

741,733

273,654

47,618 4,302,926 1,040,571 1,182,136

88,985

219,730 12,486,375

296,214 12,190,161

204

.

76,428
24,261
163,981
15,207
88,078
35,164
18,201
48,361
36,766
117,005
16,657
104,910
32,572

14,477
20,981
5,751
26,013
25,994
376
4,386

9,656
3,691
8,680
3,704
14,321
6,292
10,502
15,455
6,259
62,842
13,696
21,974
18,076

1,038
71
3,644
16
852
387
34
658
197
811
282
440
385

1,428
5,239
17,022
1,357
6,709
2,911
1,473
5,284
1,009
7,302
1,298
6,982
2,007

13,910
6,956
17,144
3,691
14,425
4,920
7,842
10,114
7,514
9,573
5,793
33,107
22,139

74,690
48,280
60,094
14,043
65,289
22,025
19,282
17,090
23,053
39,107
14,031
48,309
37,960

16,088
11,072
28,958
2,600
13,679
9,512
5,477
8,080
13,115
15,518
4,628
16,565
9,695

94,972
31,782
108,143
13,737
56,958
27,829
22,685
25,312
32,984
81,634
13,994
65,454
52,329

Total Southern States _ __

777,591

129,701

195,148

8,815

60,021

157,128

483,253

154,987

627,813

3,858
765
5,562
1,201
561
9,549

3,990

3,916,529
144,679
349,834
44,799
65,299
31,683

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
Florida
Alabama
Mississippi
Louisiana
Texas
Arkansas
Kentucky
Tennessee

__




29,435
5,509
8,623
150,205
44,823
65,574

3,990

304,169

6,356
8,015
17,148

128

140

7

1,230
710
2,185
6,373
5,282
2,725

132,491
131,737
132,495
1,394,584
198,855
579,320

18,505

2,569,482

563
2
619
17,415
776
5,586

131,928
131,735
131,876
1,377,169
198,079
573,734

24,961

2,544,521

264,549
12,213
16,828
324
1,866
434

9,782,828
700,103
1,152,979
132,814
295,773
125,664

219
37
4
30
57
40
4
300
350

5,859
1,722
6,834
3,043
4,591
3,887
1,448
3,642
6,630
5,744
1,781
14,285
3,457

294,280
133,264
422,461
65,413
282,269
112,964
101,425
155,007
133,335
365,589
98,158
312,702
183,356

2,086
658
4,059
369
1,820
800
588
1,121
1,119
1,048
308
1,953
919

292,194
132,606
418,402
65,044
280,449
112,164
100,837
153,886
132,216
364,541
97,850
310,749
182,437

2,843

62,923

2,660,223

16,848

2,643,375

190
1,605

314,392
63,723
275,546
119,029
103,627
26,717
66,653
288,808

1,179
1,595
5,087
1,260
56
12,427
49,199
26,013

28,532
41,085
55,276
39,191
41,615
55,978
129,289
64,043

14,028
304
10,366
367
417
12
457
1,709

41,397
4,381
10,627
12,886
6,793
1,284
6,462
11,469

Total Middle Western States... 1,258,495

96,816

455,009

27,660

95,299

5,339
4,148
10,013
29,939
11,669
4,083
21,069
6,932
12,694

29,887
21,140
27,231
51,296
25,419
1,114
6,022
1,249
17,734

13,324
26,389
43,273
75/98
17,122
5,929
20,659
6,123
24,428

105,886

181,092

232,645

20,065
7,537
337,147
8,484
25,798
1,824
6,202

9,763
967
126
7,516
1,974

6,280
3,747
21,922
8,206
12,702
1,100
2,872

33
4,940
251
188

532
779
17,122
675
214
77
1,093

3,998
2,249
22,103
1,012
5,750
216
625

63,975
18,691
475,010
3,099
27,977
3,673
14,028

407,057

20,346

56,829

5,412

20,492

35,953

606,453

Total United States (exclusive
7,406,021
of possessions)

433,251

996,020

794,960

477,725

3hio
Indiana
Illinois
Michigan
Wisconsin
Minnesota
Iowa
Missouri

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

__ __ _

Total Western States
WashingtonOregon
California. _
Idaho
Utah
.
Nevada
Arizona

. . .

._

Total Pacific States

Alaska
. . .
Canal Zone (Panama)
Guam
.. . . .
The Territory of Hawaii
Puerto Rico
American Samoa

.

.

6,129

States

i
10
415

1

1,123,212
374,186
637,588
694,998
444,048
290,032
464,626
828,816

14,586
3,220
3,395
3,099
4,620
3,089
1,892
5,057

1,108,626
370,966
634,193
691,899
439,428
286,943
462,734
823,759

64,137
22,969
21,879
49,361
42,814
25,981
22,348
52,976

218,952
77,087
114,994
137,517
60,369
35,937
57,441
159,717

275
48

268,621 1,421,653

302,465

862,014

675

68,799

4,857,506

38,958

4,818,548

35
138
330
1,101
638
104
979
280
436

1,248
2,213
5,105
11,374
1,462
1,123
1,208
627
2,954

3,484
5,811
8,160
29,133
11,484
4,081
10,763
5,260
7,951

1 001
1,718
2 438
6,409
3,079
1,270
3,502
1,087
2,438

3,681
4,685
9,026
28,276
8,095
2,588
21,491
4,384
20,878

3

152
347
1,534
3,486
786
102
504
258
557

58,154
66,593
107,363
236,639
79,754
20,394
86,212
26,201
90,080

213
292
858
512
826
83
568
406
296

57,941
66,301
106,505
236,127
78,928
20,311
85,644
25,795
89,784

4,041

27,314

86,127

22,942

103,104

98

7,726

771,390

4,054

767,336

22,670
6,427
97,195
1,795
9,423
1,579
2,087

11,317
7,868
120,996
5,014
10,586
1,579
6,737

5

512
613
16,981
841
2,536
262
26

139,117
48,911
1,114,682
36,893
97,148
10,310
33,670

349
235
21,149
163
683
35
145

138,768
48,676
1,093,533
36,730
96,465
10,275
33,525

141,176

164,097

1,145

21,771

1,480,731

22,759

1,457,972

567,245 8,539,734 1,966,104 3,151,017

94,176

13

129
28,588
50,227

15,156

12,793
2,320

85,073

15,157

15,126

7,491,094

433,251 1,011,177

Total possessions
Total United
possessions

4
236
164

15
35
97
205

16,437
5,157
11,744
8,807
7,592
3,709
4,520
10,833

380,395
124,310
116,555
295,594
141,152
97,816
84,603
181,228

43,488
33,527
15,514
30,986
39,598
30,136
43,557
31,815

17
63
15

1,140

399,454 24,825,707

501
100

41
626
29
607
9,731

10,411
737
356
85,718
115,121
17

18,954

601

11,034

212,360

573,319 8,583,729 1,982,450 3,169,971

94,777

580

2,788

5,195
299

9
25,119
16,079

6,406
9 146

6,074

43,995

16,346

794

65
111
189
6,509
12,063
17

403,794 24,421,913
19

10,392

24

332
85,718
115,121
17

43

212,317

737

and




794,960

492,851

410,488 25,038,067

403,837 24,634,230

TABLE NO. 34.—Assets and liabilities of all active banks other than national, Dec. 31, 1948 (includes State commercial, mutual savings, and
private banks)—Continued
[In thousands of dollars]
Demand deposits

Capital

Location

Maine. . - _
New Hampshire
Vermont
_
Massachusetts
Rhode Island
Connecticut

.

Preferred
stock

4,419

1,982
1,024

New York
New Jersey
Pennsylvania
Delaware
Maryland
District of Columbia

.
_ __

Total Eastern States

Total Southern States




Banks
in
United
States

50

12,068
1,859
3,274
50,959
19,837
32,666

1,886
646
345
39,060
2,576
20,248

4,419

3,504

83,843

1,499,859

36,770

120,663

34,224
300

10,604
13,728
2,145

485,634 12,070,920
43,555 1,001,678
106,648 2,080,743
293,446
10,479
18,775
490,548
9,600
292,454
674,691 16,229,789

39
295

716

34,858

27,193

88
192
_

States
and
political
subdivisions

1,903
151
614
15,853
7,619
10,630

10
10
254

1,038

Individuals,
partnerU.S.
Postal
ships, and Govern- savings
corporament
tions

States
and
political
subdivisions

Banks
in
United
States

15
13
42
95

180

537
908
12

42
69
240
133

20

1,800
127
1,459
1,116
214
1,489

64,761

1,457

45,411

6,438,029

584

100

6,205

346,159
27,142
46,723
26,574
10,684
7,602

400,934 1,853,859
131,003
21,925
82,398
86,968
12,333
4,254
48,134
27,542
7
4,980

738,883
475
217
1
942
619

505,081 12,655,495
26,260 1,533,091
26,246 2,091,341
3,971
133,088
4,571
645,495
3,874
109,055

9,004
895
857
378
140
1,750

74

464,884

674,809 1,999,528

741,137

570,003 17,167,565

54
585
840

8,329
11,695
18,260
5,993
8,915
3,933
2,461
3,981
2,971
8,401
3,404
9,718
4,095

37,781
33,097
143,195
24,920
45,593
53,629
31,157
71,709
80,089
108,409
31,478
75,479
53,467

39,344
12,293
183,181
4,280
37,554
6,591
1,447
36,110
34,247
28,911
15,244
117,157
8,792

6,183

194,194

5,429,343

92,156

790,003

525,151

131
28
1,763
591

Certified
and
cashiers'
checks,
etc.1

346,437
345,126
171,186
3,491,506
547,687
1,536,087

387,169
234,706
705,463
191,838
452,101
302,736
211,229
392,143
320,488
933,404
303,301
654,572
340,193

652
5

Banks
in
foreign
countries

2,456
168
886
26,682
5,883
9,336

20,653
12,150
20,072
6,721
19,868
11,800
7,134
9,524
10,986
29,498
8,771
23,513
14,004

484

.

Individuals,
partnerU.S.
ships, and Governcorporament
tions

100,960
10,800
27,641
752,936
179,469
428,053

1,534
^

Common
stock

6,785
1,508
3,736
35,418
13,700
22,696

448

-

.

Total New England States

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

Capital
notes
and
debentures

Time deposits

148

1
251

307

707

100
5
75

17

13,024

91

7,424
8,042
14,877
906
6,059
2,984
1,190
2,417
3,806
12,294
2,031
6,200
1,727

252,346
125,177
259 722
35.490
154,296
117,789
60,013
86,819
85,875
96,853
38,528
109,885
137,198

803
6
2,458
8
85
1,247
134
57
52
58
502
498
95

352
234
149
5
118
85
22

69,957

1,559,991

6,003

Banks
in
foreign
countries

15

34,874 205,790
468
6,283
59,334
201
6,491
5
1,894
970

10,088

109,846 206,464

10,088

263
294
633
25
421
320
65

399
15
13
5
221

15,657
388
6 550
569
753
11,599
42
6
260
6,727
63
464
1,754

1,618

44,832

2,952

665
112
5
149

3hio
Indiana
Illinois
Michigan
Wisconsin
Minnesota
Iowa
Missouri

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

_

121,582

1,227

1

29

3,123

2
5
4

17
10

47,920
1,635
26
528
358
160
151
6
130

19,184

352,887

218

59

50,914

134

270,173
58,878
1 624,671
22,583
115,944
9,293
36,279

10
3
66
2
2
6

6
12

4
1,282
64,775
18
203

41
352
1,364

14

2

2 ,137,821

89

37

66,284

905,020 34 ,339,005

21,291

3,098

1,489
1,370
2,481
4,097
2 685
910
2,441

8, 966,012

298,700

807,558

665,558

143

9

5 936
4 852

2,791
3,216
5,368
8,545
2 912
669
2,472

965
6 795

193,979
189,220
325,405
532,014
187 075
58,633
175,051
59,457
203,109

3,224

31,162
19,050
18,045
109,083
32 734
5,399
17,620
11,636
33,654

3,924
1,046
1,483
7,030
13 522
877
10,090
429
2,964

56 522

1 923,943

30,053

278,383

41,365

6 ,278
3
61 ,952
2 110
6 ,685
603
1 ,908

144,354
88,617
1 417,918
63,404
123,200
15,337
60,100

1,787
1,206
31,273
576
1,373
222
552

14,049
9,488
72,399
11,794
24,394
2,907
17,931

1,307
621
114,678
3,070
14,779
25
223

664
80
20,854

201

2,049
1,287
34,254
879
1,979
653
1,587

82 ,871

1 912,930

36,989

152,962

134,703

21,799

42,688

959,552 2,824,378 3,431,066

772,059

351

42

107
40
265
100

653

8 ,846

114

100

261

8 ,996

48 431

9
15 527
4 670
094
5 757

400

7 237
26 727
50
35 ,189
48 431

116,102
106,388
93 673
127,570
43,437
37,099
100,447
182,842

97,747
10,539
151 694
24,732
17,556
2,514
12,347
348,429

1,889

942,422
670,716
409,853
965,631
1, 487,405

69 171
15,783
85 960
29,282
20,825
8,431
32 256
36,992

800,500

1 874,549

54 ,955 1,455 ,861 35 961,876
775

Total possessions

1

1,193

6
7
8
33
153

157,777

363 740

AlaskaCanal Zone (Panama). _ _
Guam
The Territory of Hawaii
Puerto Rico
American Samoa
. .

Total United States and possessions

1,373

47,625
37,056
35,726
81,428
46 730
15,825
55,972
10,102
22,423

6,959

8 ,426

50

Total United States (exclusive
of possessions)

6 682,712

3,346

7, 504

108
39

Total Pacific States

160
709

1 ,516
491

375

85
5

.

66,886
13
40,660
4,605
2,920
3,610
1,123
1,765

1, 091

25

_

169
579
31
34
47
223
48
62

1 763 115

4 ,509
1 ,535

122
61

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

55
445
141
15
131
229

29,640
11,497
28 266
29,421
16,536
10,209
19,063
13,145

o 470

896
294

Total Middle Western States

1, 814,936

76, 067
28 031
61 461
51 653
34 ?49
18 839
27 774
65 666

o

21 594
8,548
10 199
74 993
83 969

856

588

* 215
8 606

9,593

10,922
2,990
8 497
111 469
' 53,439

10

9

391

5,320

8,906

10,663

991,689 2,863,819 3,436,386

780,965

911

200,214

32,137

1 492

641
15

75

16 319
21 630

826
3,838

39,441

298
59

6
5
12
3
5

5

100
140
17
8
93

5
100

1,000

20
1,777

1,000

399,663 212,734

11,088

16

100

548
34

228
67,228

187,708

100

598

67,456

915,683 34 ,526,713

21,391

3,696

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




488,826
997 356
1 302,301
789,073
520,665
383,509
437,867

224
162
27
648

750
11,843
2 196
5 890
11 256
202

54 ,955 1,491 ,050 36 162,090

1,281
443

467,119 212,734

11,088

TABLE NO. 35.—Assets and liabilities of active State commercial banks, Dec. 81, 19481
ASSETS
[In thousands of dollars]

U.S.
Obligaand GovernOther
tions of
Number Loans
discounts, ment ob- States and bonds,
of
including
ligations,
notes,
and
political
banks overdrafts direct and subdivi- debentures
guaranteed
sions

Location

Maine
New Hampshire
Vermont
Massachusetts.
Rhode Island
Connecticut _

31
24
31
68
11
62

_

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

_

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

.




89,305
31,886
72,014
379,637
126,584
232,344

101,379
43,373
35,001
569,482
304,134
341,524

6,191
1,301
6,085
21,409
5,303
35,470

Corporate
stocks,
including Currency
stocks of and coin
Federal
Reserve
banks

6,863
5,662
5,567
33,382
15,519
18,137

1,459
3,684
1,160
3,307
16,084
3,903

6,941
885
2,056
26,042
9,838
21,659

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
premises

39,532
6,517
10,460
245,474
66,125
141,084

2,129
359
1,058
11,509
9,838
10,081

101
109
22
53
13
195

Investments and
other assets
indirectly
representing bank
premises
or other
real estate

Customers'
liability
Other
on accept- assets
ances outstanding

90
1,132
268

1,003
225

Total
assets

657
115
173
3,521
1,657
706

254,647
93,891
133,596
1,295,951
555,588
805,103

6,829

3,138,776

227

931,770

1,394,893

75,759

85,130

29,597

67,421

509,192

34,974

493

1,490

1,228

258
126
336
26
102
10

6,170,767
571,232
1,062,003
117,825
247,986
125,664

7,737,778
1,168,231
1,526,844
196,504
415,181
186,673

398,316
111,645
166,818
16,404
17,539
2,330

235,731
81,572
157,328
12,916
25,181
11,360

70,324
15,579
24,059
3,272
2,757
934

139,377
40,996
69,795
5,619
18,761
7,914

5,356,785
367,077
717,277
84,384
168,301
1 2,414

133,136
27,981
39,320
2,472
8,154
8,091

750
500
4,182
151
165
293

4,157
319
5,939
656
128
1,350

59,402
308
263
5
44

67,585 20,374,108
8,917 2,394,357
11,781 3,785,609
441,349
1,141
4,715
908,9 2
1,324
458,347

858

8,295,477 11,231,211

713,052

524,088

116,925

282,462

6,806,238

219,154

6,041

12,549

60,022

95,463 28,362,682

78
46
70
67
312
263
62
141

696

532
678
119
7
78
40
154
4
262
156
14
11
3

3,121

2,058

183
105
181
124
286
128
155
180
127
444
179
294
224

292,194
132,606
418,402
59,332
276,299
112,164
100,837
153,886
132,216
353,821
97,850
310,749
182,437

292,436
205,568
526,530
105,168
253,699
272,430
117,433
207,825
176,334
403,904
161,100
415,972
205,238

19,450
12,586
59,793
20,227
17,043
21,965
17,682
80,847
64,294
65,194
19,566
16,400
39,470

13,015
6,642
52,281
5,134
3,001
2,856
2,501
4,176
3,207
7,690
3,756
17,588
5,209

1,024
940
1,472
174
1,021
215
191
340
589
2,078
149
875
1,796

17,666
12,039
35,725
8,316
19,052
14,935
10,280
18,054
15,620
26,916
9,449
18,730
14,886

168,175
91,372
324,662
71,009
184,579
104,465
79,145
159,112
165,222
350,662
124,822
262,332
133,799

8,533
3,384
7,686
1,074
6,073
4,410
1,410
3,666
2,724
8,649
1,608
4,237
4,881

2,610

2,622,793

3,343,637

454,517

127,056

10,864

221,668

2,219,356

58,335

on

1,320
27

548

2,117
1,279
7,887
371
1,625
1,241
475
691
692
1,487
352
1,096
1,081

815,220
467,140
1,434,739
270,879
762,815
535,001
330,170
628,806
561,210
1,221,877
418,693
1,047,997
590,044

792

20,394

9,084,591

112
33
17
64
18

Ohio.
Indiana
Illinois
Michigan
Wisconsin
Minnesota
Iowa

.

159,308
42,573
187,887
144,812
88,203
42,084
86,884
81,788

119,722
24,857
120,743
51,348
42,444
28,426
19,275
48,801

__

.

3,672

4,629,146

8,438,344

833,539

110
135
290
435
73
29
69
25
186

57,941
66,301
106,505
236,127
78,928
20,311
85,644
25,795
89,784

?16,926
139,391
203,590
323,848
132,404
37,088
114,871
31,400
102,548

16,856
10,225
11,488
44,937
8,112
1,957
6,220
2,956
21,182

____

_ ..
... .

Total Western States

1,352

767,336

1,302,066

Washington
Oregon
California
Idaho
Utah
Nevada
.
Arizona

._

85
49
109
32
44
3
8

81,815
39,351
1,093,533
36,730
96,465
10,275
33,525

^__

Total Pacific States

330

1,391,694

Total United States (exclusive
of possessions)
_.
Alaska
Canal Zone (Panama)
Guam
The Territory of Hawaii
Puerto Rico
American Samoa __

._

Total possessions.
Total United States and possessions
1

3,968,099
1,467,474
3,505,067
2,616,557
1,647,866
896,462
1,599,351
2,691,378

22,921
7,511
12,029
17,740
8,265
3,058
4,974
13,015

316
47
257
75
45
34
38
2,224

1,198
291
6,786
15

131
35
438
89

133
577
14,434

767,310
269,519
749,404
447,281
259,224
124,256
275,289
684,114

455,616

29,300

288,057

3,576,397

89,513

3,036

5,633
2,820
4,662
1,967
3,800
497
1,613
134
7,912

301
75
174
357
201
50
167
52

46,822
43,479
81,337
171,493
70,553
25,896
66,832
24,089
66,764

442
754
981
9,238
615
429
742
427

2

55

3,464
3,447
4,569
8,936
3,706
1,278
4,482
2,559
5,278

972

77
4
11

1

123,933

23,038

1,432

37,719

597,265

7,600

180

384

108,650
76,772
1,544,570
39,972
117,766
11,752
55,538

14,183
8,978
177,450
3,489
11,906

990
434
47,858

150
51
4,362

2
9

7
21

8,446

1,256

50
292
15
82

146

3

3,269

1,939

149
14
103
1
2

2

809

55,453
26,695
663,017
24,812
67,582
5,932
20,994

1,488
950
27,416

311

5,745
3,079
31,782
1,863
3,625

1,955,020

225,261

53,129

5,002

50,173

864,485

33,494

280

182

9,049 18,638,216 27,665,171 2,426,061 1,268,057

193,120

947,510 14,572,933

443,070

13,151

27,209

369
32
4

45

273
25

229
29

1
4,970

812
2,554
9

38,011
23,636
22,103
230,920
272,262
1,657

5,185

22,226

588,589

14
4
1

10,151

8
13

85,718
96,999

1

17

14,190
1,735
16,656
81,431
105,686
1,227

41

193,954

220,925

737
332

12

8,152
7,249
15,413

2,277

4,108
935
5,846
2,522
745

1,574
21

4,486
16,821

837

22,902

837

9,090 18,832,170 27,886,096 2,441,474 1,290,959

193,957

Includes stock savings banks.
NOTE.—Figures obtained from the Federal Deposit Insurance Corporation.




9,037
2,016
9,871
4,803
2,378
1,676
957
7,075

71,859
29,718
38,463
48,156
27,091
14,409
24,583
33,788

503
558

Total Middle Western S t a t e s . .

Kansas
Montana
.
Wyoming
Colorado
New Mexico
Oklahoma

1,808,521
737,012
1,739,150
1,213,725
781,995
450,329
725,557
982,055

456

Missouri

North Dakota
South Dakota
Nebraska. _

520

1,003,668
352,960
634,193
685,991
436,819
231,885
459,871
823,759

419
354
506
356

810

634
809
258

636

21

155
1,335

17
11

130

195

10,546

937

3,867

2,864,825

4,034

289
273
9,506
35
347
158
225

268,772
156,613
3,603,679
107,910
301,318
30,013
125,282

10,833

4,593,587

5

6

2,221
32,715
16,765

2,268
2,400

94

309

1

40,171

61,301

5,074

343

258

987,681 14,634,234

448,144

13,494

27,467

557

5

383

2,548
2,272
2,495
13,998
18,764

8,734

791

348,625
266,593
413,646
790,791
298,703
87,551
282,178
87,440
289,298

48

16
4
18

37,813 18,392,254

4,034

238
101
292
489
380
27
1,525
24

67,018 175,199 66,436,715
388

18,303
214

160

72,203 197,425 67,025,304

TABLE NO. 35.—Assets and liabilities of active State commercial banks, Dec. 31,1948—Continued
LIABILITIES
[In thousands of dollars]

Demand
deposits

Location

Maine
New Hampshire
Vermont
Massachusetts _ _ _
Rhode Island.
Connecticut. _ _

119,197
13,624
32,309
885,360
216,292
499,483

____

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




_.._

Time
deposits

114,197
70,617
87,149
283,152
284,421
235,056

Total
deposits

233,394
84,241
119,458
1,168,512
500,713
734,539

Bills
Acceptances
executed
payable,
by or for
rediscounts,
account of
and other
reporting
liabilities
for borrowed banks and
outstanding
money
300
180
635
370
150

1,003
225

Other
liabilities

1,095
204
342
10,075
5,302
4,249

Capital
stock i

7,233
1,508
5,718
36,442
13,700
22,746

Surplus

2

6,214
4,614
3,369
44,090
26,723
28,700

Reserves and
retirement
account for
Undivided
preferred
profits
stock and
capital notes
and debentures
4,836
2,768
3,079
22,308
4,808
12,029

1,575
376
995
13,151
4,117
2,690

1,766,265

1,074,592

2,840,857

1,635

1,228

21,267

87,347

113,710

49,828

22,904

15,720,187
1,201,870
2,313,956
340,579
580,901
309,536

2,571,082
1,021,584
1,087,328
54,845
253,957
111,775

18,291,269
2,223,454
3,401,284
395,424
834,858
421,311

4,550
75

66>886
308
263
5
44

226,839
12,347
20,715
2,494
5,413
3,468

527,512
57,283
108,793
10,518
19,786
9,600

868,048
62,794
180,770
23,362
33,885
17,375

348,772
29,073
59,233
9,067
10,609
5,151

40,232
9,098
13,963
479
4,242
1,442

20,467,029

5,100,571

25,567,600

5,213

67,506

271,276

733,492 1,186,234

480,195
299,833
1,064,976
217,941
543,600
370,124
247,484
506,360
441,601
1 052,693
355,458
863,126
408,274

269,421
126,099
269,512
36,044
153,729
131,040
60,276
86,882
87,251
93,723
39,106
110,857
139,417

749,616
425,932
1,334,488
253,985
697,329
501,164
307,760
593,242
528,852
1,146,416
394,564
973,983
547,691

650
440
595

146

649
80

33
18

150
50

64
18

476
32

6,851,665

1,603,357

8,455,022

3,122

2,125,692
928,036

1,596,800
447,876

3,722,492
1,375,912

600

588

461,905

69,456

548

6,021
1,967
14,922
511
7,657
1,518
737
1,260
1,608
5,761
319
4,836
3,033

22,187
12,634
20,724
6,414
19,403
11,431
7,162
11,297
11,587
28,608
8,825
24,098
14,844

23,358
18,049
44,241
6,689
22,409
13,952
8,556
21,100
11,701
23,860
8,204
31,996
14,361

9,270
5,854
12,482
2,687
11,503
4,987
5,275
890
5,668
13,878
5,715
10,776
7,695

4,118
2,264
7,141
593
3,832
1,851
680
803
1,726
3,354
1,066
1,832
1,840

827

50,150

199,214

248,476

96,680

31,100

131
35

18,367
5,375

77,171
30,474

101,998
34,382

38,373
18,187

8,967
3,109

o
»=_

d

Illinois
Michigan.
Wisconsin
Minnesota _
Iowa
Missouri _ _

195
1,300

460
89
21
17
11
195

32,368
11,218
2,694
1,394
1,271
9,197

61,755
55,951
38,254
18,963
29,100
67,248

66,565
55,973
36,752
19,211
35,500
53,341

43,264
30,807
15,695
11,395
22,418
41,392

27,009
12,626
5,396
3,618
7,060
6,530

17,228,686

2,241

959

81,884

378,916

403,722

221,531

74,315

328,926
252,606
388,547
742,775
286,172
82,478
263,899
83,096
268,641

100

1,018
109
763
918
407
166
1,271
27
956

6,088
4,974
10,029
15,634
4,735
1,359
5,857
2,050
6,800

4,129
4,065
8,450
18,429
4,221
2,212
5,855
1,335
6,296

5,581
4,108
4,640
11,363
2,884
944
3,690
82
5,048

2,783
731
992
1,193
284
392
1,015
850
706

5,635

57,526

54,992

38,340

8,946

779
360
19,771
52
714
111
840

6,386
3,374
70,798
2,160
6,899
603
1,908

5,695
3,325
70,625
1,975
7,784
497
3,885

3,183
1,487
44,606
1,074
3,620
345
1,225

617
275
10,475
323
402
14
535

22,627

92,128

93,786

55,540

12,641

452,839 1,548,623 2,100,920

923,824

219,362

750

743

939

628

400
7,237
24,727
50

100
7,005
7,110
65

52
2,626
876
16

225
2,236
1,325
3

33,164

15,023

4,509

4,417

468,079 1,581,787 2,115,943

928,333

223,779

2,235,423
1,148,721
769,056
468,106
•1,120,456
2,072,159

1,038,102
1,301,147
779,998
373,758
383,340
440,016

3,273,525
2,449,868
1,549,054
841,864
1,503,796
2,512,175

10,867,649

6,361,037

233,345
213,902
352,782
660,769
238,928
6-6,488
207,674
72,966
246,074

95,581
38,704
35,765
82,006
47,244
15,990
56,225
10,130
22,567

2,292,928

404,212

2,697,140

164,162
101,299
1,691,376
79 723
165,725
19 144
80,594

87,950
46,493
1,691,888
22,603
116,174
9,299
36,295

252,112
147,792
3,383,264
102,326
281,899
28,443
116,889

2,302,023

2,010,702

4,312,725

Total Unites States (exclusive of
possessions)
_
_ _ 44,547,559

_ _ _ _ _ _ _

Total Middle Western States
North Dakota
South Dakota
Nebraska
Kansas
Montana
Wyoming _ _
Colorado
New Mexico __
Oklahoma _

. _

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

Alaska
Canal Zone (Panama)
GuamThe Territory of Hawaii
Puerto Rico
American Samoa.
_

16,554,471

61,102,030

24,077
20,643
12,422
98,891
117,710
1,132

10,868
2,990
8,497
112,245
98,460
391

34,945
23,633
20,919
211,136
216,170
1,523

274,875

233,451

44,822,434

16,787,922

__

Total possessions

_

__

Total United States and possessions _ _ _

Includes capital notes and debentures.




121
25

225
479
586

5

851
2,241

5
4,140

4,140
14,452

74,665

50
2,521

368
1
4,970

6
3
39
629
14,563

508,326

2,571

5,339

15,240

61,610,356

17,023

80,004

(See classification on pp. 152 and 153.)

''Includes guaranty fund.

I
o
W

H
a
o

F

I
3

W

B
a
d
2

TABLE NO. 35.—Assets and liabilities of active State commercial banks, Dec. 31, 1948—Continued

S

[In thousands of dollars]
Loans and discounts
Commercial and
industrial
loans (including
open-market paper)

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

Loans to
farmers directly guar- Other
anteed by loans to
the Com- farmers
modity
Credit Corporation

28,877
2,498
8 557
150,096
37,101
65,449

3,990

292,578

3,990

3,836
696
4,790
1,200
561
9,476
20,559

Loans to
brokers
and
dealers in
securities

Other loans
for the
purpose of
purchasing
or carrying:
stocks,
bonds, and
other
securities

Real-estate loans
Other
Loans
loans to
Secured by Secured by
to
individuals
farm land residential Secured (consumer banks
(including properties by other
loans)
improve- (other than properties
farm)
ments)

All other
loans (including
overdrafts)

Total
gross
loans

Less
valuation
reserves

Net
loans

10,478
40
279

1,340
65
904
13,108
1,575
4,352

3,010
2,788
7,307
889
1,193
3,270

23,409
18,684
33,487
79,190
44,011
79,149

9,969
4,560
8,248
33,909
22,178
14,100

14,231
2,366
7,342
88,190
15,239
55,401

290

10,925

21,344

18,457

277,930

92,964

182,769

430

16,496

938,442

6,672

931,770

427,131
229,974
269,062
28,979
69,347
39,350

112,704
46,818
67,727
7,888
22,841
13,078

613,447
130,731
307,651
24,756
58,513
33,932

88,889

162,809
9,905
21,421
1,153
8,448
6,974

6,243,419
579,327
1,072,916
118,149
249,825
126,098

72,652
8,095
10,913
324
1,839
434

6,170,767
571,232
1,062,003
117,825
247,986
125,664

271,056 1,169,030

128

140

1,069
231
1,788
5,543
5,282
2,583

89,859
31,888
72,423
382,893
127,180
234,199

554
2
409
3,256
596
1,855

89,305
31,886
72,014
379,637
126,584
232,344

3,874,076
144,679
348 300
44,799
60 838
31,683

580
1
89
236
400

20,177
1,261
6,093
1,381
5,832

716,478
3,233
15,094
1,775
137
215

215,356
11,182
25,476
2,502
14,050
804

11,772
1,543
12,003
4,680
9,419
62

4,504,375

1,306

34,744

736,932

269,370

39,479 1,063,843

88,889

210,710

8,389,734

94,257

8,295,477

76,428
24,261
163,981
11,007
87,287
35,164
18,201
48,361
36,766
114,977
16,657
104,9 0
32,572

204

1,038
71
3,644
6
852
387
34
658
197
811
282
440
385

1,428
5,239
17,022
1,357
6,709
2,911
1,473
5,284
1,009
7,302
1,298
6,982
2,007

13,910
6,956
17,144
3,681
14,129
4,920
7,842
10,114
7,514
8,859
5,793
33,107
22,139

74,690
48,280
60,094
14,019
64,203
22,025
19,282
17,090
23,053
36,059
14,031
48,309
37,960

16,088
11,072
28,958
2,499
13,430
9,512
5,477
8,080
13.115
14,772
4,628
16,565
9,695

94,972
31,782
108,143
13,610
56,058
27,829
22,685
25,312
32,984
79,138
13,994
65,454
52,329

7
190
1,605

14,477
20,981
5,751
25,875
25,994
* 376
4,386

9,656
3,691
8,680
3,676
13,816
6,292
10,502
15,455
6,259
61,524
13,696
21,974
18,076

219
37
4
30
57
40
4
300
350

5,859
1,722
6,834
1,831
4,428
3,887
1,448
3,642
6,630
5,512
1,781
14,285
3,457

294,280
133,264
422,461
59,701
278,119
112,964
101,425
155,007
133,335
354,869
98,158
312,702
183,356

2,086
658
4,059
369
1,820
800
588
1,121
1,119
1,048
308
1,953
919

292,194
132,606
418,402
59,332
276,299
112,164
100,837
153,886
132,216
353,821
97,850
310,749
182,437

770,572

129,403

193,297

8,805

60,021

156,108

479,095

153,891

624,290

2,843

61,316

2,639,641

16,848

2,622,793

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




6,356
8,015
16,988

Dhio

Indiana...
Illinois
Michigan
Wisconsin
Minnesota..
Iowa__
Missouri

_

_

...-

_

288,607
62,610
275,546
117,982
103,627
26,717
66,148
288,808

Total Middle Western States.. 1,230,045
North Dakota
South Dakota
Nebraska
Kansas
Montana
Wyoming
Colorado
New Mexico
Oklahoma

.

Total Western States
Washington
Oregon
California
Idaho
Utah
Nevada
Arizona

1, 179
1, 559
5, 087
1, 2H0
56
12, 427
48, 953
26, 013

28, 244
40, 640
55, 276
38, 245
4 1 , 615
55, 978
128, 806
64, 043

14, 028

367
417
12
457
1 709

41,396
4,310
10,627
12,886
6,793
1,284
6,462
11,469

27, 660

95,227

96, 534

452, 847

5,339
4,148
10,013
29,939
11,669
4,083
21,069
6,932
12,694

29, 887
2 1 , 140
27, 231
51, 296
25, 419
1, 114
6, 022
1, 249
17, 734

13, 324
389
43', 273
75, 398
17 122
5, 929
20, 659
6, 123
24 428

105,886

181, 092

232, 645

62 ,925
21 573
21 879
48 %fi
42 ,584
13 ,525
22 ,184
52 ,976

205,122
76,396
114,994
136,338
60,366
35,920
56,904
159,717

254,081 1,304,462

286 ,612

3,484
5,811
8,160
29,133
11,484
4,081
10,763
5,260
7,951

1 001

1,248
2,213
5,105
11,374
1,462
1,123
1,208

675

67, 399

4, 661,299

32,153

4 ,629,146

3

152

17
63

1, 534
3 , 486
786

15

504
258
557

58,154
66,593
107,363
236,639
79,754
20,394
86,212
26,201
90,080

213

3 502
1 ,087
2 ,438

3,681
4,685
9,026
28,276
8,095
2,588
21,491
4,384
20,878

512
826
83
568
406
296

57 941
66,301
106 505
236,127
78,928
20 311
85,644
25,795
89,784

1,718
2 438

4,041

27,314

86,127

22 ,942

103,104

98

7, 726

771,390

4,054

767,336

532
779
17,122

3,864
2,246
22,103
1,012
5,750

23,864
12,458
475,010
3,099
27,977
3,673
14,028

6 ,367
3 345
97 ,195

5

509
606

1 795
9 ,423
1 ,579
2 ,087

10,910
7,868
120,996
5,014
10,586
1,579
6,737

16, 981
841
2, 536
262
26

82,159
39,586
1 114,682
36,893
97,148
10,310
33,670

344
235
21,149

1 ,093,533

163
683
35
145

36,730
96,465
10,275
33,525

560,109

121 ,791

163,690

1 ,145

21, 761

1, 414,448

22,754

1 ,391,694

949 ,256 3,088,640

94 ,080

1,093
5 412

20,492

35,816

Total United States (exclusive
7,310,513
of possessions). _

432 671

990 921

790 149

470,495

33
4 940
251
188

1

675
214
77

13

531,255 3,771,566
567

2,731

6 409
3 079

12,793
2,320

8 696

5,195
299

25,119
14,946

347

1 ,140

385, 408 18, 814,954

501
100

607
9, 572

10,170
737
356
85,718
96,999

18,142

601

10, 874

193,997

965 ,556 3,106,782

94 ,681

780

9

129
28,588
40,701

6 406
9 114

40

65

111
189
6,509
11,251

626
29

17

15,126

8, 697

75,391

Total United States and pos7,385,904
sessions , _




845,757

432, 671

999, 618

352,960
634,193
685 991
436,819
231,885
459,871
823,759

415

627

2,954

56 829

Total possessions

1 003,668

1
10

20 346

5,973

10,334
2,981
3,395
3,099
4,619
776
1,892
5,057

638
104
979
280
436

407,057

Alaska
Canal Zone (Panama)
Guam
The Territory of Hawaii
Puerto Rico
American Samoa—

355,941
637,588
689,090
441,438
232,661
461,763
828,816

164

216
625

Total Pacific States

1, 014,002

15
35
97
205

15, 520
4, 857
11, 744
711
8,
7, 591
3, 709
4, 434
10, 833

275
48

138
330
1,101

4
236

9 763

.

280
747
922
206
702
100
872

35

316,124
112,008
116,555
293,948
138,804
61,874
83,921
181,228

40,582
31,636
15,514
30,387
39,570
21,180
43,397
31,815

20,065
7,537
337,147
8,484
25,798
1,824
6,202

126
7 516
1 974

6
3
21
8
12
1
2

304

10, 366

790 149

485,621

6,061

42,805

537,316 3,814,371

16 ,300

292
858

176,738 18 ,638,216

24

10 151
737
332
85,718
96,999

43

193,954

19

17

396, 282 19, 008,951

81,815
39,351

17

176,781 18 ,832,170

to

TABLE NO. 35,—Assets and liabilities of active State commercial banks, Dec. 31, 1948—Continued
[In thousands of dollars]
Capita]
Capital
notes
and
debentures

Location

Maine

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

34,224
39
295
34,558

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

__ _

Total Southern States




484
88
192
10
10
254

1,038
-»—

Individuals
partnerU.S.
ships, and Governcorporament
tions

States
and
political
subdivisions

Banks
in
United
States

Preferred
stock

Common
stock

448

50

6,785
1,508
3,736
35,418
13,700
22,696

100,960
10,800
27,250
752,936
179,469
426,863

1,892
151
584
15,462
7,619
10,367

12,068
1,859
3,248
50,959
19,837
32,666

1,886
646
345
39,060
2,576
20,248

3,504

83,843

1,498,278

36,075

120,637

482,684 11,931,457
43,555
995,311
106,648 2,072,449
293,446
10,479
489,433
18,775
9,600
292,454

1,982
1,024

Vermont
Massachusetts
Rhode Island
Connecticut

10,604
13,728
2,145
716
27,193
1,534

96

States
and
political
subdivisions

Banks
in
United
States

1,097
127
911
1,116
114
1,395

15
13
22
95

4,760

145

537
908
12

112,989
70,477
86,169
281,797
284,067
233,508

42
69
240
133

5
75

64,761

1,457

45,057

1,069,007

580

100

344,750
27,113
46,566
26,574
10,674
7,602

400,572 1,840,708
131,003
21,925
81,825
86,968
12,333
4,254
27,542
48,134
7
4,980

706,437
475
217
1
942
619

496,263
26,043
25,931
3,971
4,176
3,874

2,312,710
1,014,560
1,026,933
48,076
251,932
109,055

8,967
895
857
378
109
1,750

671,741 16,074,550

463,279

673,874 1,986,377

708,691

560,258

4,763,266

12,956

91

387,169
234,706
705,463

37,781
33,097
143,195
24,648
45,175
53,629
31,157
71,709
80,089
106,017
31,478
75,479
53,467

39,344
12,293
183,181
4,280
37,494
6,591
1,447
36,110
34,247
28,579
15,244
117,157
8,792

148

7,424
8,042
14,877
903
5,970
2,984
1,190
2,417
3,806
11,812
2,031
6,200
1,727

252,346
125,177
259,722
35,437
152,396
117,789
60,013
86,819
85,875
87,069
38,528
109,885
137,198

803
6
2,458
8
84
1,247
134
57
52
50
502
498
95

352
234
149
5
118
85
22
399
15
13
5
221

15,657
388
6,550
569
711
11,599
42
6
260
6,484
63
464
1,754

786,921

524,759

69,383

1,548,254

5,994

1,618

44,547

54
585
840

446,105
302,736
211,229
392,143
320,488
897,851
303,301
654,572
340,193

8,329
11,695
18,260
5,993
8,855
3,933
2,461
3,981
2,971
8,127
3,404
9,718
4,095

6,183

191,993

5,378,073

91,822

131
28
1,763
591

Individuals
Banks Certified
and
U.S.
partnerin
Postal
cashiers'
and Govern- savings
foreign checks, ships,
ment
corpora1
countries
etc.
tions
2,391
168
882
26,406
5,883
9,327

20,653
12,150
20,072
6,321
19,211
11,300
7,134
9,524
10,986
28,354
8,771
23,513
14,004

652
5

Time deposits

Demand deposits

182*117

1
251
307

707

20

74
17

Banks
in
foreign
countries

34,370 205,697
5,813
316
59,263
201
6,391
1,894
5
970

9,338

108,701 206,219

9,338

263
294
633
25
420
320
65
665
105
5
149
2,944

zzzzzzzz

Ohio
Indiana
Illinois
Michigan
Wisconsin
Minnesota
Iowa
Missouri...

*

1,091

1,516
491

75,900
27,845
61,461
51,472
34,249
18,839
27,584
65,666

7,504

8,396

363,016

896
2,629
294
2,470
124

. _ _

Total Middle Western States
North Dakota
South Dakota
Nebraska
Kansas
Montana
Wyrwing
Colorado
New Mexico
Oklahoma
Total Western States
Washington
Oregon
California
Idaho
Utah
Nevada
Arizona
Total Pacific States
Total United States (exclusive
of possessions)

143
122
61
25

351

115,915
104 833
93,673
127,259
43,437
37,099
99,815
182,842

97,747
10,494
151,694
24,702
17,556
2,514
12,260
348,429

8,934,538

298,512

804,873

665,396

1,529,298
446,526
997,356
1,296,019
776,752
369,893
382,059
437,867

298
59
55
445
141
15
131
229

169
579
31
34
47
223
48
62

66,875
13
40,660
4,549
2,918
3,610
1,094
1,765

160
699

3,346

29,438
11,361
28,266
29,398
16,536
10,209
19,018
13,145

6,959

157,371

6,235,770

1,373

1,193

121,484

1,217

1
6

29

1,889
1,281
443

42
107
40
265
100
85
5

2 791
3,216
5 368
8,545
2 912
669
2 472
856
3,224

31,162
19,050
18,045
109,083
32,734
5,399
17,620
11 636
33,654

3,924
1,046
1,483
7,030
13,522
877
10,090
429
2,964

1,489
1,370
2,481
4,097
2,685
910
2,441
588
3,123

47,625
37,056
35,726
81,428
46,730
15,825
55,972
10,102
22,423

6
7
8
33
153
2
5
4

17
10

47,920
1,635
26
528
358
160
151
6
130

653

56,522

1,923,943

30,053

278,383

41,365

19,184

352,887

218

59

50,914

87,900
45,214
1,624,671
22,583
115,944
9,293
36,279

6

201

2,049
1,287
34,254
879
1,979
653
1,587

10
2
66
2
2
6

14

2

134,703

21,799

42,688

1,941,884

88

37

66,279

956,684 2,817,648 3,417,361

739,613

893,941 15,911,068

21,209

3,098

261

8,996

6,278
3 335
61,952
2 110
6,685
603
1,908
82,871

144,354
88 617
1,417,918
63,404
123,200
15,337
60,100
1,912,930

54,925 1,449,986 35,722,312
750

43,712

69,163
15 737
85,960
29 249
20,811
8 431
32,169
36,992

193,979
189,220
325,405
532,014
187,075
58,633
175,051
59 457
203,109

114

43,712

1,811,540
785,611
1,874,549
937,670
670,716
409,853
957,194
1,487,405

5,936
4,852
9,926
15,527
4,670
1,094
5,757
1 965
6,795

9

8,846
50
100

Total possessions.

1

4,479
1,535

108
39

Alaska
Canal Zone (Panama)
Guam
The Territory of Hawaii
Puerto Rico
American Samoa

Total United States and possessions . . .

375

1,741
1 206
31,273
576
1,373
222
552
36,943

152,960

1,307
621
114,678
3,070
14,779
25
223

664
80
20,854

12
5

4
1,277 *
64,775
18
203

3,975

8,906

9,794

175,479

564

57,408

988,760 2,849,707 3,421,336

748,519

33,164

188,065

32,076

826
2 493

32,059

903,735 16,086,547

1,000

20

10,338

228
57,180

75

16,319
14 471

30
1,364

396,685 212,073

548

641
15

134

16

215
8 606
10

400
7,237
24 727
50

1 269

100

1,000

10,852
2,990
8,497
111,469
41 280
391

750
11 843
2 196
5,890
11 195
202

5

1,414

221
162
27
648
8 727
9

21 196
8 548
10 199
74,993
72 218
911

54,925 1,483,150 35,910,377

14,047
9,488
72,399
11,794
24,394
2,907
17,931

I
3
5

100
140
17
8
93

21,209

3,662

454,093 212,073

10,338

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




CO

TABLE N O .

36.—.

and liabilities of active mutual savings banks, Dec. 31, 1948
ASSETS
[In thousands of dollars]

Location

and
Number Loans
discounts,
of
including
banks overdrafts

Total New England States....
New York
New Jersey
Pennsylvania
Delaware
Maryland.
Total Eastern States
Ohio
Indiana
Wisconsin
Minnesota
Total Middle Western States...
Washington
Oregon...

_

339
339
19
497
685
482

11,013

568,469

145,189

28,265

147,162

22,849

2,361

897

796,258
118,685
362,802
56,287
53,982

10,719
223
393
335

62,128
4,271
4,364
104
955

519,879
24,721
22,072
5,061
19,269

60,692
4,025
9,506
525
1,157

4,995
176
55
150
80

4,516
13
238

54,276 11,488,293
1,971
592,730
5,078 1,144,243
2
98,409
6,134
442,783

3,833,303

7,666,022

51,036 1,388,014

5,456

4,767

67,461 13,766,458

103 010
14,350
2,609
55,058

109,602
26,340
8,041
76,966

175,027

3
4
4
1
12

6

Total
assets

29,478
12,594
6,540
986
1,438

428
463

11,670

71,822

591,002

75,905

1,301
200
886
2,933

12,160
1,667
249
23,804

57
17
32

4,819
276
190
303

16,579
4,205
1,387
3,614

454
25
63
300

1
346

220,949

5,320

37,880

106

5,588

25,785

842

347

56,953
9,325

116,620
4,143

3,026
216

11,142

646
54

6,763
769

211
10

66,278

120,763

3,242

11,142

5,686,162 11,475,599

70,611 2,005,505

NOTE.—Figures obtained'from the Federal Deposit Insurance Corporation.




650
1,436
792
14,706
929
4,336

Customers'
liability
on accept- Other
ances out- assets
standing

6 389,725
297,180
647,166
19,970
311,981

173

3

8,392
8,296
2,194
73,913
6,938
47,429

Investments and
other assets
indirectly
representing bank
premises
or other
real estate

3,467,865

1,611,554
3 555 627
128,871
86,029
14,989
47,787

532

Real
estate
owned
other than
bank
premises

1,962
1,026
559
13,688
2,151
8,879

131
24
7
2
9

Total United 'States

Bank
premises
owned,
furniture
and
fixtures

6,062
20,410
980
63,708
13,926
40,103

344

Total Pacific States

Balances
with other
banks, including
reserve
balances
and cash
items in
process of
collection

33,092
23,326
2,511
316,718
41,415
151,407

171,273
153,853
27,735
2 108,764
152,517
853,723

2
1

Corporate
stocks,
including Currency
stocks of and coin
Federal
Reserve
banks

995
1,367
459
5,339
50
2,803

42,623
99 849
59,862
997 532
71,495
340,193

32
34
7
190
g
72

Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut

ObligaU.S.
Other
tions of
Government ob- States and bonds,
ligations,
political notes, and
direct and subdivi- debentures
guaranteed
sions

156,965

49

700

7,532

221

49

106,375

771,481

99,817

7,866

6,011

132
73
78
4,315
194
13,522

265,526
309,975
95,617
3,599,643
290,300
1,462,877

18,314

6,023,938

803
5
2
16

248,785
47,085
13,460
163,340

826

472,670

477
71

195,838
14,637

548

210,475

87,149 20,473,541

TABLE NO. 36.—Assets and liabilities of active mutual savings banks, Dec. SI, 19J/.8—Continued
LIABILITIES
[In thousands of dollars]

Demand
deposits

Location

»
Maine_
_ _ _ _ __
New Hampshire
Vermont
Massachusetts
Rhode Island _ _ _
Connecticut

_ __
_ __
_ __

270

Total New England States
New York
New Jersey _ _ _ _
Pennsylvania
Delaware
Maryland _
_

_

_

.___

Total Eastern States _ _ _ _ _
Ohio
Indiana
Wisconsin
Minnesota
Total Middle Western States
Washington _ _ _
Oregon

76
451
667

_

__
_ _ _ _

Time
deposits

Total
deposits

234,155
274,649
85,585
3,209,709
263,720
1,301,511

234,231
274,649
86,036
3,210,376
263,720
1,301,781

15

Acceptances
executed by
or for account
Other
of reporting liabilities
banks and
outstanding

Capital
notes and
debentures

Surplus

1

Undivided
profits

Reserves
and retirement account for
capital
notes and
debentures
390
3,373
2,186
11
6
1,078

651
641
462
11,737
4,052
8,016

4,419

18,240
19,933
458
199,369
21,230
90,927

12,014
11,364
2,056
178,150
1,292
61,075

4,419

350,157

265,951

7,044

819,323
55,617
77,270
2,135
19,219

265,696
239
3,381
363
26,299

33,571
8,733
4,200
10,789
75

973,564

295,978

57,368
128
674

1,464

5,369,329

5,370,793

15

25,559

2,990
6,613
299

10,342,840
525,766
1,050,531
85,112
395,114

787

1,520

10,339,850
519,153
1,050,232
85,112
393,594

26,076
2,075
8,861
10
2,076

11,422

12,387,941

12,399,363

787

39,098

641
3,521
14

231,610
39,459
12,323
150,772

232,251
42,980
12,337
150,772

2,767
75
59
320

12,570
3,165
949
11,000

1,069
191
115
1,248

4,176.

434,164

438,340

3,221

27,684

2,623

802

48

182,284
14,022

182,332
14,022

740
59

10,190
338

1,315
218

1,261

Total Pacific States

48

196,306

196,354

Total United States

17,110

18,387,740

18,404,850

1

Bills payable,
rediscounts,
and other
liabilities for
borrowed
money

802

300

300

799

10,528

1,533

1,261

68,677

4,719 1,361,933

566,085

66,475

o

§

Includes guaranty fund.




U1

en

TABLE NO. 36.—Assets and liabilities of active mutual savings banks, Dec. 31, 1948—Continued
[In thousands of dollars]
Loans and discounts
Commercial and
industrial
loans (including
open-market paper)

Location

Maine
New Hampshire
Massachusetts
Rhode Island
Connecticut
Total New England States....
New York
New Jersey.
Pennsylvania
Delaware
Maryland

.

Total Eastern States..

._

Ohio
Indiana
Wisconsin
Minnesota
Total Middle Western States..

Loans to
farmers directly guar- Other
anteed by loans to
the Com- farmers
modity
Credit Corporation

Loans to
brokers
and
dealers in
securities

Other loans
for the
purpose of
purchasing
or carrying
stocks,
bonds, and
other
securities

22
69
772
1

51

185

572
2,083

4,365
5,080
87
2,333

11,471

864

Total
gross
loans

Less
valuation
reserves

Net
loans

3,736
173,145
4,811
28,579

785
3,284
1,455
18,422
1,033
3,805

161
479
397
830

2,874

12,050 1,360,920

210,881

28,784

1,999

1,629,843

18,289

1,611,554

2,105
47

3,356

33
969

3,747,444
132,989
91,941
14,989
47,814

191,817
4,118
5,912

38

721,834
17,785
19,574
75
9,945

8,211
466
581

4,461

6,325 3,008,969
114,645
46
71,294
492
14,510
371
28,338
707

27

3,555,627
128,871
86,029
14,989
47,787

4,461

38

7,941 3,237,756

769,213

12,614

3,154

4,035,177

201,874

3,833,303

25,314

75

1
55

2,810
1,627
28
8,956

63,837
11,100
2,348
35,942

1,104
1,263
230
12,456

13,319
312
3
17

877
148
1

107,262
14,580
2,610
57,371

4,252
230
1
2,313

103,010
14,350
2,609
55,058

75

56

13,421

113,227

15,053

13,651

1,026

181,823

6,796

175,027

134
3

40,111
6,233

16,303
3,082

407

3
7

56,958
9,325

5

56,953
9,325

137

46,344

19,385

407

10

66,283

5

66,278

33,549 4,758,247 1,014,532

55,456

6,189

5,913,126

226,964

5,686,162

25,314

168

41,246

939

2,968

610

All other
loans (including
overdrafts)

40,260
93,006
48,709
812,021
58,022
308,902

Total Pacific States




Other
loans to
Loans
Secured by Secured by
to
farm land residential Secured individuals
(consumer
banks
(including properties by other
loans)
improve- (other than properties
farm)
ments)

558
3,011
66
109
7,722
5

Washington
Oregon

Total United States

Real-estate loans

132

...

.

42,632
99,849
60,072
1,011,691
71,675
343,924

9
210
14,159
180
3,731

42,623
99,849
59,862
997,532
71,495
340,193

TABLE NO. 36.—Assets and liabilities of active mutual savings banks, Dec. 31, 1948—Continued
[In thousands of dollars]
Time deposits

Demand deposits
Individuals,
partnerships,
and
corporations

Location

Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut

3

Total New England States-__ ___

Total Eastern States _
_ _

__
_

263

4

233,448
274,649
85,017
3,209,709
263,620
1,301,402

4

349

5,367,845

4

1

1,481
217
147

37

1,115

10

395

10,339,761
518,531
1,050,232
85,012
393,563

31
68

11,180

1

2,240

12,387,099

8
45
14

597

196
73

231,610
39,449
12,321
150,772

67

597

269

434,152

46

2

1,593

46

2

2,401

626

45

45

182,273
13,664

45

2,858

20
15

94
1,445

35

4
470

48
152

8

i

100
574

200

t-3

W
10
2

1

2

10

5

11
352

195,937

1

5

363

18,385,033

73

2,026

608

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




703

166

26

7,588
437~
2,761

States
in Banks in
and polit- Banks
foreign
ical sub- United
countries
States
divisions

548

695

3,198

__

4
276

1,402
29
152

Total Pacific States
__

65
26

U. S.
Postal
Govern- • savings
ilferit

106
6,367

Washington
Oregon

Total United States. __

30
391

Certified Individuals,
and
cashiers' partnerships,
and
checks, corporations
etc.i

394

__

Total Middle Western States

1

States
in Banks in
and polit- Banks
foreign
ical sub- United
StaT'sti
countries
divisions

11
391

New York
New Jersey
Pennsylvania
Delaware
Maryland
Ohio
Indiana
Wisconsin
Minnesota

U. S.
Government

TABLE NO.

and liabilities of active private banks, Dec. SI, 1948

37.—.

ASSETS
[In thousands of dollars]

and
Number Loans
discounts,
of
including
banks overdrafts

Location

ObligaU.S.
Other
tions of
Governbonds,
Corporate
ment ob- States and
political notes, and
stocks
ligations,
direct and subdivi- debentures
sions
guaranteed

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
premises

Investments and
other assets
indirectly
representing bank
premises
or other
real estate

Customers'
liability
on acceptances outstanding

Other
assets

Total
assets

16

38

98

302

146

149

1

2,652

969

5,729

60,315
3,863

118
246

28
78

17,732

1,553

655

288
527

24

237,939
25,679

6,384

815

64,178

364

106

17,732

1,577

263,618

205
2
43

104
580

893

3,221

373
15
849

2,212

4,160
17,513

120
222

25
68
239

206
417

10,626
10,074
52,563

20,089

4,346

1,237

250

2,896

22,566

342

332

623

73,263

1,964
7,787
2,668
5,257

875
334
339
458

20
33
397
508

42

124
582
272
217

1,036
4,321
1,897
1,815

12
43
89
44

14,375

17,676

2,006

958

42

1,195

9,069

114

97,535

104,233

49,049

4,832

6,714

5,004

1
1

241

98

64

18,122

16,264

2,492

198
2

5,269

Total possessions

' 2

18,363

16,362

2,492

200

Total United States and possessions , _ _

116

115,898

120,595

51,541

5,032

3

1,197

705

4
11

56,434
4,947

52,970
12,793

41,803
894

1,652

15

61,381

65,763

42,697

2,621

1
48
13

5,712
4,150
10,720

2,281

1,033

681

92

17,127

62

20,582

6
8
12
8

1,948
3,656
5,908
2,863

Total Middle Western States...

34

Total United States (exclusive
of possessions).

Connecticut

.

New York
Pennsylvania
Total Eastern States
South Carolina
Georgia
Texas
Total Southern States
Ohio
Indiana
Michigan
Iowa

Alaska
Puerto Rico

_.

NOTE.—Figures obtained from the Federal Deposit Insurance Corporation.




6,714

5

483

6
32

5,979
16,762
12,132
11,162

188

5

483

38

46,035

96,115

1,040

592

483

17,732

2,239

385,568

183

4,850

4
820

245

1,809

5,304

55,177

5,333

5,033

824

245

1,809

5,304

55,965

10,337

101,148

1,864

837

19,541

7,543

441,533

788

483

TABLE NO.

37.—

and liabilities of active private banks, Dec. 31, 1948—Continued
LIABILITIES
[In thousands of dollars]

Location

Connecticut
New York
Pennsylvania
Total Eastern States
South Carolina
Georgia
Texas
Total Southern States
Ohio
Indiana.
Michigan
Iowa

-

_

Total Middle Western States
Total United States (exclusive of possessions) _
_
Alaska
Puerto Rico
Total possessions
Total United States and possessions _
1

Demand
deposits

Time
deposits

Total
deposits

Acceptances
Bills payable, redis- executed by
counts,
or for
and other
account of
liabilities
reporting
for borrowed banks and
money
outstanding

1,192

1,177

2,369

192,659
9,040

4,319
14,247

196,978>
23,287 >

712

201,699

18,566

220,265 l

712

9,996
6,623
39,033

53

Other
liabilities

Capital
stock

18,676

2,263
187
2,450

Undivided
Profits

Reserves

273

10

18,676

Surplus

2,950
2,950

12,715
2,029
14,744

76

3,569
176

76

3,745

1,944
10,042

10,049
8,567
49,075

3

131
217

657
1,144

296
1,730

229
205

191
192

55,652

12,039

67,691

3

348

2,201

2,026

611

383

3,152
13,150
5,149
9,288
30,739

2,218
2,851
6,338
1,479

5,370
16,001
11,487
10,767

10
13

167
186
1211
190

179
440
205
106

253
117
201
88

5
26
11

12,886

43,625

25

754

930

659

42

289,282

44,668

333,950

2,833

5,905

17,973

1,346

4,170

624

70

694

1

25

25

386

2

715

18,676

400

p

177

|

I
H
O

d

21,182

22,341

43,523

4,450

1,809

1,021

2,000

1,600

43
388

21,806

22,411

44,217

4,450

1,809

1,022

2,025

1,625

431

386

311,088

67,079

378,167

5,165

20,485

3,855

7,930

19,598

1,777

4,556

!

Includes $30,000 preferred stock.




01
CO

TABLE NO. 37.—Assets and liabilities of active private banks, Dec. 31, 1948—Continued
[In thousands of dollars]
Loans and discounts

Commercial and
industrial
loans (including
open-market paper)

Location

Loans to
farmers directly guar- Other
anteed by loans to
the Com- farmers
modity
Credit Corporation

New York
Pennsylvania
Total Eastern States
South Carolina
Georgia
Texas
Total Southern States

Net
loans

300

10

1,197

198

5
297

96
396

96

4,827
1,039

56,514
4,950

80
3

56,434
4,947

149

4,801

4,246

198

1,327

302

492

96

5,866

61,464

83

61,381

10

160
138

28
505
1,318

10
296
714

24
1,086
3,048

101
249
746

127
900
2,496

1,212
163
232

5,712
4,150
10,720

5,712
4,150
10,720

298

1,851

10

1,020

4,158

1,096

3,523

1,607

20,582

20,582

36

16

96
264
599
160

434
1,202
1,646
682

108
133
395
164

511
379
1,179
537

40
152
96
86

1,948
3,665
5,908
2,863

9

1,948
3,656
5,908
2,863

16

1,119

3,964

800

2,606

374

14,384

9

14,375

4,262

2,441

9,921

2,316

6,921

7,857

97,627

92

97,535

13

57
1,133

14
32

812

159

241
18,122

241
18,122

13

1,190

46

812

160

18,363

18,363

2,454

11,111

2,362

7,733

8,017

115,990

149

4,200
791
2,028
7,019

282

2,087

Total United States (exclusive
of possessions)

54,262

580

4,160




Less
valuation
reserves

118

43,987

156
9,526

6,460

9,682

6,460

63,944

Total
gross
loans

40
1,287

3,136

Total United States and possessions

All other
loans (including
overdrafts)

472

Total Middle Western States.-

._.

Other
loans to
Loans
Secured by
individuals
to
residential Secured (consumer banks
properties by other
loans)
(other than properties
farm)

104

246

Total possessions

Secured by
farm land
(including
improvements)

4,196
50

288
370
946
483

Alaska
Puerto Rico

Real-estate loans

4,801

42,453
1,534

471
1,113
1,047
505

Ohio
Indiana
Michigan
Iowa

Other loans
for the
purpose of
purchasing
or carrying
stocks,
bonds, and
other
securities

73

120

Connecticut

Loans to
brokers
and
dealers in
securities

580

10,620

4,811

4,811

4,262

96

96

1,197

92

115,898

and liabilities of active private banks, Dec. 31, 1948—Continued

TABLE NO. 37.—.

[In thousands of dollars]
Time deposits

Demand deposits
Location

Individuals,
U.S.
partnerships, Governand corpoment
rations
1,187

Connecticut
New York
Pennsylvania
Total Eastern States.
South Carolina
Georgia _
Texas _ _ _ __

______

__ __

Total Southern States

_ ___

Ohio _ . _
Indiana
Michigan
Iowa
Total Middle Western States _ _ _
Total United States
of possessions)

(exclusive
_
_

Alaska
Puerto Rico
Total possessions
Total United
sessions
1

States
Banks in Banks in
and
political
United
foreign
subStates countries
divisions

States

and

pos-

Certified
and
cashiers'
checks,
etc.i

Individuals,
U.S.
partnerships, Governand corpoment
rations

Postal
savings

Banks in Banks in
foreign
United
States countries

m

5

1,177

139,357
8,294

7
5

361
573

13,151

32,446

7,337
168

3,024
14,176

500
71

45

750

147,651

12

934

13,151

32,446

7,505

17,200

571

45

750

9,721
5,996
35,553

60
274

272
418
2,392

60
332

3
89
482

53
1,900
9,784

1
8

42
243

1
7

51,270

334

3,082

392

574

11,737

9

285

8

o

3

11

2,959
12,128
4,752
8,437

1
33
87

187
958
311
632

30
87

6
63
23
45

2,207
2,851
6,282
1,450

56
29

28,276

121

2,088

117

137

12,790

96

228,384

467

6,104

13,660

398
11,751

61

223
7,159

1,345

3
866

12,149

61

7,382

1,345

240,533

528

13,486

15,005

d
32,446

32,446

42,904
70~
12,159

100

34

10,048

869

12,229

100

34

10,048

9,090

55,133

109

34

11,000

8,221

952

9

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




States
and
political
subdivisions

53

750

53

750

162

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE NO. 38.—Per capita demand and time deposits of individuals, partnerships, and
corporations in all active banks, Dec. 81, 1948

Population
(approximate)

Location

- --

911,000
555,000
379,000
4,776,000
757,000
2,036,000

Total New England
States

Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut

-

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

Demand

$650,313
504,251
314,316
6,507,078
937,209
2,614,711

$215,240
117,678
79,437
2,531,724
365,322
903,334

* Time
$435,073
386,573
234,879
3,975,354
571,887
1,711,377

Per capita
Total

Demand

Time

$713.85
908.56
829.33
1,362.45
1,238.06
1,284.24

$236.27
212.03
209.60
530.09
482.59
443.68

$477.58
696 53
619 73
832 36
755 47
840.56

9,414,000

11,527,878

4,212,735

7,315,143

1,224.55

447.50

777.05

14,565,000
- - - 4,788,000
10,821,000
301,000
2,175,000
909,000

33,958,053
4,480,462
9,689,857
462,843
1,701,016
925,800

19,639,220
1,970,172
5,714,660
316,813
886,407
715,812

14,318,833
2,510,290
3,975,197
146,030
814,609
209,988

2,331.48
935.77
895.47
1,537.68
782.08
1,018.48

1,348.38
411.48
528.11
1,052.53
407.55
787.47

983.10
524.29
367 36
485.15
374.53
231.01

Total Eastern States... 33,559,000

51,218,031

29,243,084

21,974,947

1,526.21

871.39

654.82

3,066,000
1,939,000
3,761,000
2,016,000
3,167,000
2,385,000
2,883,000
2,147,000
2,608,000
7,319,000
1,949,000
2,854,000
3,188,000

1,479,544
788,442
1,366,303
571,184
1,323,387
1,311,367
1,019,760
646,842
1,216,770
4,818,954
666,379
1,316,258
1,459,859

931,510
528,272
1,017,458
483,203
1,008,768
1,003,253
766,811
513,328
943,726
4,308,311
571,044
1,098,029
1,041,180

548,034
260,170
348,845
87,981
314,619
308,114
252,949
133,514
273,044
510,643
95,335
218,229
418,679

482.56
406.62
363.28
283.33
417.87
549.84
353.71
301.28
466.55
658.42
341.91
461.20
457.92

303.82
272.44
270.53
239.69
318.53
420.65
265.97
239.09
361.86
588.65
292.99
384.73
326.59

178.74
134 18
92.75
43 64
99.34
129 19
87.74
62.19
104.69
69.77
48 92
76.47
131.33

Total Southern States. _ 39,282,000

17,985,049

14,214,893

3,770,156

457.84

361.87

95.97

7,896,000
3,957,000
8,777,000
6,272,000
3,350,000
2,976,000
2,657,000
3,996,000

6,414,725
2,601,236
9,634,676
4,416,550
2,637,656
2,416,444
1,896,364
3,085,480

3,688,385
1,699,766
6,774,705
2,297,224
1,353,922
1,393,268
1,367,938
2,426,327

2,726,340
901,470
2,859,971
2,119,326
1,283,734
1,023,176
528,426
659,153

812.40
657.38
1,097.72
704.17
787.36
811.98
713.72
772.14

467.12
429.56
771.87
366.27
404.16
468.17
514.84
607.19

345.28
227.82
325 85
337.90
383.20
343.81
198.88
164.95

39,881,000

33,103,131

21,001,535

12,101;596

830.05

526.61

303.44

...

567,000
631,000
1,317,000
1,992,000
517,ti00
278,000
1,179,000
578,000
2,391,000

487,505
451,084
1,058,780
1,277,544
472,483
217,632
948,629
237,416
1,205,550

371,484
366,954
920,283
1,119,729
376,360
171,833
727,180
198,387
1,093,045

116,021
84,130
138,497
157,815
96,123
45,799
221,449
39,029
112,505

859.80
714.87
803.93
641.34
913.89
782.85
804.60
410.75
504.20

655.18
581.54
698.77
562.11
727.97
618.10
616.77
343.23
457.15

204.62
133.33
105.16
79.23
185.92
164.75
187.83
67.52
47.05

Total Western States...

9,450,000

6,356,623

5,345,255

1,011,368

672.66

565.64

107.02

New York
New Jersey
Pennsylvania
Delaware
Maryland
District of Columbia

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

- -

Ohio
Indiana
Illinois
Michigan
Wisconsin
Minnesota
Iowa
Missouri

_.

Total Middle Western
States
North Dakota
South Dakota
Nebraska
Kansas
Montana
Wyoming
Colorado
N©w Mexico
Oklahoma

-

-




163

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE NO. 38.—Per capita demand and time deposits of individuals, partnei
corporations in all active banks, Dec. 81, 1948—Continued

Location

Population
(approximate)

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

, and

Per capita

Total

Demand

Time

Total

2,518,000
1,646,000
10,155,000
537,000
663,000
144,000
672,000

1,856,889
1,165,274
11,416,925
364,515
461,567
139,206
350,982

1,134, 89
775,423
6,075,976
270,650
282,341
84,375
252,508

722,700
389,851
5,340,949
93,865
179,226
54,831
98,474

737.45
707.94
1,124.27
678.80
696 18
966.71
522.29

450.43
471.09
598.33
504.00
425 85
585.94
375.75

287.02
236.85
525.94
174.80
270 33
380.77
146.54

16,335,000

15,755,358

8,875,462

6,879,896

964.51

543.34

421.17

Total United States (exclusive of possessions) 147,921,000 135,946,070

82,892,964

53,053,106

919.05

560.39

358.66

39,985
8,548
10,199
129,177
83,969
911

18,155
2,990
8,497
216,522
53,439
391

658.44
241.38
708.18
649.81
61.65
80.87

452.83
178.83
386.32
242.81
37.67
56.58

205.61
62.55
321.86
407.00
23.98
24.29

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

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

88,300
47,800
26,400
532,000
2,229,000
16,100

58,140
11,538
18,696
345,699
137,408
1,302

Demand

Time

27,700

2,642

973

1,669

95.38

35.13

60.25

2,967,300

575,425

273,762

301,663

193.92

92.26

101.66

Total United States and
possessions
. . . _ 150,888,300 136,521,495

83,166,726

53,354,769

904.78

551.18

353.60

Total possessions




TABLE NO. 39.—Officials of State banking departments and number of each class of active banks in December 1948
State commercial1

Names of officials

Location

Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut

Titles

Homer E. Robinson
Clyde M. Davis
Donald "M. Hemenway
Timothy J. Donovan
Alexander Chmielewski
Richard Rapport

Bank Commissioner
do
Commissioner of Banking and Insurance
Commissioner of Banks
Bank Commissioner
do

Elliott V. Bell
John J. Dickerson
-_
D. Emmert Brumbaugh
John C. Darby
J. Millard Tawes

Superintendent of Banks
Commissioner of Banking and Insurance
Secretary of Banking. _
_ _, _ _ _ _
State Bank Commissioner
Bank Commissioner

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

IV^ilton R ]VI organ
John H. Hoffman _.
Gurney P Hood
W. Royden Watkins
A P Persons
C. M. Gay
Brooks Glass
C. T. Johnson. _ _
J S Brock
J. M. Falkner
Thomas W Leeeett
H. H. Carter
_ H. B. Clarke

Total Southern
States




Commissioner of Banking
do
Commissioner of Banks
Chief Bank Examiner
Superintendent of Banks
h
Comptroller, State of Florida
Superintendent of Banks
State Comptroller _
State Bank Commissioner
Commissioner, Department of Banking
State Bank Commissioner
Commissioner, Department of Banking
Superintendent of Banks

Total
number
of
banks

Insured

Insured

NonNonMembers
members insured
Federal Federal
Reserve Reserve
System System
5
1
1
27
2
15

16
5
29
33
3
32

10
18
1
8
6
15

574

51

118

393
150
354
28
111
10

181
75
112
4
16
7

74
47
218
21
84
3

1,046

395

183
105
181
125
334
128
155
180
127
457
179
294
224

72
33
8
8
15
12
20
7
12
130
16
20
10

2,672

363

63
58
38
258
20
137

Private

Mutual savings

MemNonNonbers members insured
Federal Federal
Reserve Reserve
System System
6
7

Noninsured

26
34

3

190
9
69

3

58

16

328

3

3
4
6
1
2

131
24
7
2

2
7

447

16

164

9

111
68
171
97
253
112
132
169
114
272
152
248
206

4
2
19
18
4
3
4
1
42
11
26
8

2,105

142

4
11

15

1
48

13

62
=====

Superintendent of Banks
Director, Dept. of Financial Institutions
Auditor of Public Accounts
Commissioner, State Banking Department- _
Chairman, Banking Commission
Commissioner of Banks
Superintendent of Banking
Commissioner of Finance

J. A. Graham
Verne W. Abell
J Floyd McLain
B. A. Welch
W A Brown
Norris E. Hartwell
William L Hazlett
Woodlan P. Saunders
R. B. Patton

State Examiner
Superintendent of Banks
Director of Banking
State Bank Commissioner
Superintendent of Banks
State Examiner
State Bank Commissioner
State Bank Examiner
Bank Commissioner

Walter A. Johnson
A. A. Rogers
Maurice C. Sparling
E F Haworth
J. M. Knapp
Grant L. Robison _
D. O. Saunders

Supervisor of Banking
Superintendent of Banks
do
Commissioner of Finance
Bank Commissioner
Superintendent of Banks
do

Total Middle
Western States.
North Dakota
South Dakota
Nebraska
Kansas
jVfontana
Wyoming
Colorado
New Mexico
Oklahoma _
Total Western States
Washington
Oregon
California
Idaho
Utah
Nevada
Arizona
Total Pacific States,
Alaska
Canal Zone (Panama)
Guam
The Territory of Hawaii
Puerto Rico
American Samoa
Virgin Islands of the
United States
._

Frank A. Boyle

Total possessions
Total United States
and possessions
1
2

Includes stock savings banks.
Includes 1 private bank.




Secretary, Territorial Banking Board
Bank Examiner
Treasurer

428
366
506
368
460
504
566
520

184
112
123
151
69
28
67
101

3,718
110
135
290
435
73
29
69
25
186

228
236
366
189
378
451
441
390

7
7
17
16
9
24
50
29

1

3
2

2

1
1

835

2,679

159

3

1
27
18
41
45
15
15
10
25

103
108
217
240
28
14
46
15
150

6

1,352

197

921

234

87
50
109
32
44

16
11
21
12
20
1
2

66
36
76
19
24
2
5

•OtOCO

Paul A. Mitchell
Joseph McCord
Arthur C. Lueder
Maurice C. Eveland
Guerdon M. Matthews
F. A. Amundson
N. P. Black _
Harry G. Schaffner

CO 00

Ohio
Indiana
Illinois
Michigan
Wisconsin
Minnesota
Iowa
Missouri

333

83

228

19

1

13
4
1
7
13
1

15
4
1
8
14
1

1

43
9,738

2

1,924

1

6
7
12

1
8

7

2

33

55
154
8
11

2
1

1
1

2

39

6,500

667

3
1

1

2
3

190

339

115

TABLE NO. 40.—Assets and liabilities oj all active banks, 1936 to 191$
[For figures covering each year 1834 to 1935, inclusive, see reports for 1931 and 1941]
[In thousands of dollars]
Loans and
discounts,
including
overdrafts

Number
of banks

U. S. Government
obligations,
direct and
guaranteed

Other
bonds,
stocks, and
securities

Cash

Balances
with other
banks1

Other
assets

Total assets

Capital2

Surplus
and net
undivided
profits3

Total deposits

Bills payable and
rediscounts,
etc.

Other
liabilities

C
J U N E 30

DEC.

1336.
193719381939.
194011)42 __
1943-1944-_
1945-.
1946.1947 5 1948. .

20,839,159
22,698,176
21,311,161
21,516,279
22,557,670
25,543,438
25,178,305
22,324,053
25,504,338
28,092,140
31,693,492
38,578,709
45,379,380

17,358,230
16,968,486
16,774,262
18,790,831
19,710,503
23,577,061
30,363,023
57,963,058
76,129,877
94,240,445
96,497,087
83,116,152
77,160,671

10,501,333
10,305,653
9,571,216
9,594,937
9,364,406
9,152,671
8,653,089
7,921,874
7,586,714
8,032,440
9,224,930
10,084,577
11,251,553

1,018,951
958,317
1,044,251
1,042,408
1,148,589
1,408,306
1,446,780
1,606,564
1,623,191
1,649,487
1,729,034
1,986,836
2,264,740

14,103,430
14,670,297
16.426.417
19,584,188
24,535,268
25,471,008
24,236,259
25,210,347
26,705,352
29,246,407
31,732,067
31,729,911
32,899,617

3,367,168
3,323,828
3,150,400
3,072,677
2,897,193
2,676,235
2,382,535
2,226,510
2,010,193
1,766,060
1,825,654
1,752,214
2,025,527

21,618,127
22,364,140
21,535,406
22,374,700
23,967,476
14,885 26,838,365
14,722 24,001,146
14,621 23.674,-539
14,579 26,101,639
14,598 30,466,867
14,633 35,822,868
14,755 43,231,136
14,735 48,452,743

17,497,059
16,660,068
18,002,042
19,447,464
21,028,798
25,553,809
46,059,111
66,259,384
86,414,755
101,904,073
87,093,517
81,636,938
74,46J,553

10,700,905
9,828,984
9,664,255
9,348,161
9,499,776
9,035,537
8,312,249
7,466,862
7,596,205
8,611,660
9,543,221
10,760,398
11,470,848

1,025,586
907,871
(4)
1,196,539
1,407,364
1,545,018
1,463,836
1,612,252
1,801,370
2,025,088
2,221,793
2,392,970
2,145,156

15,871,668
15,065,962
18,373,644
22,197,935
26,846,418
25,942,377
27,371,581
26,999,933
29,175,791
33,589,693
32,995,748
36,167,173
37,490,369

3,402,165
3,271,994
3,258,252
3,010,458
2,822,070
2,538,588
2,334,654
2,109,008
1,857,424
1,753,694
1,729,215
1,835,487
2,053,761

15,803
15,580
15,341
15,146
15,017
14,919
14,815
14,661
14,598
14,587
14,626
14,755
14,759

1937.
1938.
1939.
1940.
1941.
1942.
J94319441945.
194619471948-

67,188,241
68,924,757
68,277,707
73,601,096
80,213,629
87,828,719
92,259,991
117,252,406
139,559,665
163,026,979
167,248,399
170,981,488

3,421,226
3,250,650
3,204,751
3,160,096
3,091,793
3,055,005
2,998,686
2,979,447
3,036,893
3,118,116
3,250,986
3,319,580
3,398,415

4,549,867
4,985,781
4,977,218
5,134,112
5,233,334
5,469,514
5,523,532
5,811,248
6,318,608
7,033,855
7,925,817
8,450,652
8,917,480

58,339,815
59,822,370
59,379,550
64,576,694
71,153,458
78,549,329
83,029,575
107,784,099
129,367,247
151,932,691
160,349,405
154,191,122
157,176,754

47,376
55,857
42,476
26,724
26,969
22,559
20,736
31,657
87,116
81,075
93,966
63,339
68,681

829,957
810,099
673,712
703,694
708,075
732,312
687,462
645,955
749,801
861,242
1,082,090
1,223,706
1,420,158

70,115,510
68,099,019
70,833,599
77,575,257
85,571,902
91,453,694
109,542,577
128,121,978
152,947,184
178,351,075
169,406,362
176,024,102
176,075,430

3,293,014
3,223,110
3,192,493
3,125,524
3,070,519
3,034,361
2,985,391
3,011,600
3,052,950
3,187,368
3,299,469
3,342,600
3,423,195

4,849,310
4,949,834
5,016,435
5,169,647
5,339,039
5,460,776
5,619,637
6,034,091
6,640,166
7,424,243
8,138,479
8,654,798
9,130,608

61,155,014
59,109,903
61,907,761
68,566,043
76,407,885
82,233,260
10065,638
118,336,126
142,310,824
166, $0,093
156,801,396
162,728,682
162,041,38)

57,247
50,816
36,612
25,551
25,060
22,593
18,638
51,650
125,624
227,150
48,403
74,614
64,32J

760,925
765,356
680,298
688,492
729,399
702,704
653,273
688,511
817,620
982,221
1,118,615
1,223,408
1,415,918

172,702,264

H

3
IT
K

31
15,704
15,463
15,265
15,096
14,956

1
Includes reserve balances and cash items in process of collection.
2
Includes capital notes and debentures in banks other than national.
3

Includes reserve accounts.




4
5

Not called for separately. Included with "Balances with other banks."
Revised.
NOTE.—Reciprocal interbank demand balances with banks in the United States are reported net
beginning with the year 1942.

W
K

TABLE NO. 41.—Assets and liabilities of all active national banks, 1936 to 1948
[For figures covering each year 1863 to 1935, inclusive, see reports for 1931 and 1941]
[In thousands of dollars]

Number
of banks

Loans and
discounts,
including
overdrafts

U. S. Government
obligations,
direct and
guaranteed

Other
bonds,
stocks; and
securities

Cash

7,763,342
8,812,895
8,334,624
8,573,703
9,179,227
10,922,483
10,901,795
9,190,143
11,229,680
12,389,133
14,498,441
18,810,006
22,303,042

8,447,364
8,219,195
7,987,716
8,769,729
9,111,226
11,135,952
14,928,992
30,190,402
38,790,869
47,255,463
47,472,876
39,425,605
36,231,407

4,035,261
3,903,092
3,656,560
3,783,157
3,794,049
3,818,842
3,714,396
3,538,176
3,497,654
3,764,438
4,543,865
4,953,052
5,309,818

531,694
444,598
528,305
530,580
582,303
709,458
728,309
806,546
820,570
821,290
805,575
988,288
1,120,314

Balances
with other
banks1

Other
assets

Total assets

Capital

Surplus
and net
undivided
profits 2

Total deposits

1,474,353
1,630,034
1,700,919
1,826,556
1,941,792
2,074,758
2,171,822
2,327,397
2,557,031
2,848,369
3,190,088
3,537,809
3,740,965

26,200,453
26,765,913
26,815,894
29,469,469
33,074,407
37,351,303
40,659,117
54,769,361
65,833,253
76,825,537
80,494,758
77,397,149
78,999,988

Bills payable and
rediscounts,
etc.

Other
liabilities

C

g

JUNE 30

5,374
5,299
5,248
5,209
5,170
5,136
5,107
5,066
5,042
5,021
5,018
5,018
5,004

1936
1937
1938
1939
1940
1941
1942
1943
1944
1945
1946
1947.
1948
DEC.

1936
1937
1938
1939
1940
1941
1942
1943
1944
1945
1946
1947
1948
1
2

pa
W

7,849,732
7,933,271
8,922,250
10,544,226
13,294,801
13,812,200
13,588,254
14,420,845
15,239,164
16,791,661
17,856,276
18,407,260
19,345,184

1,069,363
1,015,755
948,105
979,183
923,474
915,700
857,219
826,240
823,008
772,848
816,021
829,049
1,031,347

29,696,756
30,328,806
30,377,560
33,180,578
36,885,080
41,314,635
44,718,965
58,972,352
70,400,945
81,794,833
85,9&3,054
83,413,260
85,341,112

1,691,375
1,582,131
1,572,900
1,562,956
1,534,649
1,523,383
1,507,670
1,498,008
1,553,578
1,624,184
1,683,489
1,770,871
1,804,803

3,720
9,216
9,586
3,540
2,910
2,005
2,014
4,231
6,205
> 5,209
24,441
27,860
42,871

326,855
341,512
278,261
318,057
331,322
363,186
378,342
373,355
450,878
491,534
600,278
679,571
752,485

H
K
K
n

o
g
5
H
W
O
E
g
pa
O

31
5,331
5,266
5,230
5,193
5,150
5,123
5,087
5,046
5,031
5,023
5,013
5 Oil
4,997

8,271,210
8,813,547
8,489,120
9,043,632
10,027,773
11,751,7^2
10,200,798
10,133,532
11,497,802
13,948,042
17,309,767
21 480 457
23,818,513

8,685,554
8,072,882
8,705,959
9,073,935
9,752,605
12,073,052
23,825,351
34,178,555
43,478,789
51,467,706
41,843,532
38 825 435
34,980,263

4,094,490
3,690,122
3,753,234
3,737,641
3,915,435
3,814,456
3,657,437
3,325,698
3,543,540
4,143,903
4,799,284
5 184 531
5,248,090

Includes reserve balances and cash items in process of collection.
Includes reserve accounts.




518,503
422,490
555,304
615,698
718,799
786,501
733,499
807,969
904,500
1,008,644
1,094,721
1 168 042
1,040,763

8,462,578
8,128,003
9,151,105
11,887,915
14,401,268
14,215,429
15,516,771
15,272,695
16,732,749
19,170,145
18,972,446
20 907 548
21,983,506

1,032,327
977,186
1,011,455
960,436
918,082
897,004
847,122
813,468
792,479
797,316
830,513
880 987
1,063,917

31,064,662
30,104,230
31,666,177
35,319,257
39,733,962
43,538,234
54,780,978
64,531,917
76,949,859
90,535,756
84,850,263
88 447 000
88,135,052

1,598,815
1,577,831
1,570,622
1,532,903
1,527,237
1,515,794
1,503,682
1,531,515
1,566,905
1,658,839
1,756,621
1 779 766
1,828,759

1,572,195
1,666,367
1,757,522
1,872,215
2,009,161
2,133,305
2,234,673
2,427,927
2,707,960
2,996,898
3,393,178
3 641,558
3,842,129

27,608,397
26,540,694
28,050,676
31,612,992
35,852,424
39,554,772
50,648,816
60,156,181
72,128,937
85,242,947
79,049,839
82,275,356
81,648,016

3,495
10,839
5,608
2,882
3,127
3,778
3,516
8,155
54,180
77,969
20,047
45,135
41,330

281,760
308,499
281,749
298,265
342,013
330,585
390,291
408,139
491,877
559,103
630,578
705,185
774,818

NOTE.—Reciprocal interbank demand balances with banks in the United States are reported net
beginning with the year 1942.

H
W
H
o

y
»
pa
H
3
2
^

TABLE NO. 42.—Assets and liabilities of all active banks other than national, 1936 to 1948
[For figures covering each year 1834 to 1935, inclusive, see reports for 1931 and 1941]
[In thousands of dollars]

Number of
banks

Loans and
discounts,
including
overdrafts

U. S. Government
obligations,
direct and
guaranteed

Other
bonds,
stocks,
and
securities

Cash

Balances
with other
banksi

Other
assets

Total assets

Capital
stock

Capital
notes
and
debentures

Surplus
and net
undivided
profits2

Total
deposits

Bills payable and
rediscounts,
etc.

Other
liabilities

O

o

JUNE 30

13,075,817
13,885,281
12,976,537
12.942.576
13,378,443
14,620,955
14,276,510
13,133,910
14,274,658
15,703,007
17,195,051
19,768,703
23,076.338

8,910,836
8,749,291
8,786,546
10.021.102
10,599,277
12,441,109
15,434,031
27,772,656
37,339,008
46,984,982
49,024,211
43,690,547
40,929,264

487,257
6,466,072
6,402,561
513,719
5,914,656
515,946
5.811.780
511.828
5,570,357
566,286
5,333,829
698,848
4,938,693
718,471
4,383,698
830,018
4,089,060
802,621
4,268,002
828,197
4,681,065
923,459
998,548
5,131,525
5,941,735 1,144,426

6,253,698
6,737,026
7,504,167
9,039,962
11,240,467
11,658,808
10,648,005
10,789,502
11,466,188
12,454,746
13,875,791
13,322,651
13.554,433

2,297,805
2,308,073
2,202,295
2,093,494
1,973,719
1,760,535
1,525,316
1,400,270
1,187,185
993,212
1,009,633
923,165
994,180

37,491,485
38,595,951
37,900,147
40,420,742
43,328,549
46,514,084
47,541,026
58,280,054
69,158,720
81,232,146
86,709,210
83,835,139
85,640,376

1,485,132
244,719
1,483,555
184,964
1,467,766
164,085
1,446,666
150,474
1,428,973
128,171
1,416,939
114,683
1,386,845
104,171
1,386,748
94,691
,396,746
86,569
,415,170
78,762
,495,004
72,493
1,548 709
,533,860
59,752

3,075,514
3,355,747
3,276,299
3,307,556
3,291,542
3,394,756
3,351,710
3,483,851
3,761,577
4,185,486
4,735,729
4,912,843
5,176,515

32,139,362
33,056,457
32,563,656
35,107,225
38,079,051
41,198,026
42,370,458
53,014,738
63,533,994
75,107,154
79,854,647
76,793,973
78,176,766

43,656
46,641
32,890
23,184
24,059
20,554
18,722
27,426
80,911
75,866
69,525
35,479
25,810

503.102
468,587
395,451
385,637
376,753
369,126
309,120
272,600
298,923
369,708
481,812
544,135
667,673

10,373 13,346,917
10,197 13,550,593
10,035 13,046,286
9,903 13,331,068
9,806 13,939,703
9,762 15,086,573
9,635 13,800,348
9,575 13,541,007
9,548 14,603,837
. 9,575 16,518,825
9,620 18,513,101
9,744 21,750,679
9,738 24,634,230

8.811,505
8,587,186
9,296,083
10,373,529
11,276,193
13,480,757
22,233,760
32,080,829
42,935,966
50,436,367
45,249,985
42,811,503
39,482,290

6,606,415
6,138,862
5,911,021
5,610,520
5,584,341
5,221,081
4,654,812
4,141,164
4,052,665
4,467,757
4,743,937
5,575,867
6,222,758

7,409,090
6,937,959
8,667,235
10,310,020
12,445,150
11,726,948
11,854,810
11,727,238
12,443,042
14,419,548
14,023,302
15,259,625
15,506,863

2,369,838
2,294,808
2,246,797
2,050,022
1,903,988
1,641,584
1,487,532
1,295,540
1,064,945
956,378
898,702
954,500
989,844

39,050,848
37,994,789
39,167,422
42,256,000
45,837,940
47,915,460
54,761,599
63,590,061
75,997,325
87,815,319
84,556,099
87,577,102
87,940,378

,489,354
,471,533
L,459,015
,450,873
,420,148
,410,373
,382,507
,389,943
,403,725
,456,449
,475,054
,500,807
1,546,005

3,277,115
3,283,467
3,258,913
3,297,432
3,329,878
3,327,471
3,384,964
3,606,164
3,932,206
4,427,345
4,745,301
5,013,240
5,288,479

33,546,617
32,569,209
33,857,085
36,953,051
40,555,461
42,678,488
49,616,822
58,179,945
70,181,887
81,287,146
77,751,557
80,453,326
80,393,373

53,752
39,977
31,004
22,669
21,933
18,815
15,122
43,495
71,444
149,181
28,356
29,479
22,99J

479,165
456,857
398,549
390,227
387,386
372,119
262,982
280,372
325,743
423,118
488,037
518,223
641,100

1936
10,429
1937
10,281
1938
10,093
1939
9.937
1940
9,847
1941
9,783
1942
9,708
1943
9,595
1944
9,556
1945
9,566
1946...._ 9,608
1947
9,737
1948
9,755
lvEC. O 1

1936
1937
1938
1939
1940
1941
1942
1943
1944_-__
1945
1946 4
1947
1948
1
2
3

W

507.083
485,381
3
()

580,841
688,565
758,517
730,337
804,283
896,870
1,016,444
1,127,072
1,224,928
1,104,393

Includes reserve balances and cash items in process of collection.
Includes reserve accounts.
Not called for separately. Included with "Balances with other banks."




204,845
173,746
162,856
141,748
123,134
108,194
99,202
90,142
82,320
72,080
67,794
62,027
48,431

4
Revised.
NOTE.—Reciprocal interbank demand balances with banks in the United States are reported net
beginning with the year 1942.

H
&
O

TABLE NO. 43.—Summary of status, progress, and results of liquidation of all national banks1 placed in charge of receivers from the date of
the first national bank failure, April 14, 1865 to December 31, 1948.
National and District of Columbia
nonnational banks
Completely
liquidated
and finally
closed
Number of receiverships
Total assets taken charge of by receivers
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
Total _
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
See footnotes at end of table.




3

2,816

In process
of liquidation
6

Total
s 2,822

National banks

District of Columbia2 nonnational banks
Completely In process
liquidated of liquidation
and finally
closed
4

15

$3,718,917,770 $25,273,975 $3,744,191,745 $27,143,017

Completely
liquidated
and finally
closed

Total
4

15

5

2,801

In process
of liquidation
6

Total
5

2,807

$27,143,017 $3,691,774,753 $25,273,975 $3,717,048,728

8
2,203,458,008
253,221,441

16,896,849
786,501

2,220,354,857
254,007,942

18,624,923
2,089,895

18,624,923
2,089,895

2,184,833,085
251,131,546

16,896,849
786,501

2,201,729,934
251,918,047

1,219,466,031

6,898,453

1,226,364,484

6,401,713

6,401,713

1,213,064,318

6,898,453

1,219,962,771

692,172

42,772,290
692,172

26,486

26,486

42,745,804

3,718,917,770

25,273,975

3,744,191,745

27,143,017

27,143,017

2,203,458,008
178,922,198

16,896,849
848,316

2,220,354,857
179,770,514

18,624,923
619,261

162,007,598
253,221,441
233,649

1,447,001
786,501

163,454,599
254,007,942
233,649

2,797,842,894

19,978,667

2,817,821,561

42,772,290

42,745,804
692,172

3,691,774,753

692,172
25,273,975

3,717,048,728

18,624,923
619,261

2,184,833,085
178,302,937

16,896,849
848,316

2,201,729,934
179,151,253

1,429,275
2,089,895

1,429 275
2,089,895

160,578,323
251,131,546
233,649

1,447,001
786,501

162,025,324
251,918,047
233,649

22,763,354

22,763,354

2,775,079,540

19,978,667

2,795,058,207

*

O
f1
t"
t

o

__
_>o
!

TABLE NO. 43—Summary of status, progress, and results of liquidation of all national banks1 placed in charge of receivers from the date of
the first national bank failure, Apr. 14, 1865 to Dec. 31, 1948—Continued
National and District of Columbia
nonnational banks

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)
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 _ _
Distributions by conservators to secured
creditors
Payments to secured and preferred creditors (including disbursements for the
protection of assets for 597 banks completsly liquidated to Oct. 31, 1926)
Onsets 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 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 notesUnited States bonds held to secure circulation,
sold and circulation redeemed
Circulation outstanding at date of failure




Completely
liquidated
and finally
closed

In process
of liquidation

Total

1,405,692,291

10,378,083

1,416,070,374

34,570,987

53,246

District of Columbia2 nonnational banks
Completely In process
liquidated of liquidaand finally
tion
closed

10,893,071

Total

10,893,071

National banks

Completely
liquidated
and finally
closed

In process
of liquidation

1,394,799,220

10,378,083
53,246

Total
O
H
O
1,405,177,303
34,589,031

34,624,233

35,202

35,202

34,535,785

209,124,039

209,124,039

2,838,102

2,838,102

206,285,937

206,285,937

1,372,006

1,372,006

10,750

10,750

1,361,256

1,361,256

8
3
O

699,353,720

6,666,955

706,020,675

4,901,281

4,901,281

694,452,439

6,666,955

701,119,394

253,221,441

786,501

254,007,942

2,089,895

2,089,895

251,131,546

786,501

251,918,047

c
H

7,996,292

69,367

8,065,659

18,839

18,839

7,977,453

69,367

8,046,820

168,582,073

1,452,576

170,034,649

1,767,254

1,767,254

166,814,819

1,452,576

168,267,395

10,970,725
6,959,320

45,597

11,016,322
6,959,320

201,010
7,950

201,010
7,950

10,769,715
6,951,370

45,597

10,815,312
6,951,370

526,342

526,342

2,797,842,894
6

19,978,667

399,562,595

3,350,000

176,292,631

100,000

176,292,631
170,453,265

100,000
99,520

526,342

526,342

2,817,821,561

22,763,354

22,763,354

2,775,079,540

19,978,667

2,795,058,207

6

7 2,352,920

7 2,352,920

s 397,209,675

3,350,000

» 400,559,675

176,392,631

176,292,631

100,000

176,392,631

176,392,631
170,552,785

176,292,631
170,453,265

100,000
99,520

176,392,631
170,552,785

402,912,595

d

Assessments upon shareholders
327,523,807
Deposits at date of failure
2,365,001,159
Borrowed money (bills payable, rediscounts,
510,464,254
etc.) at date of failure
Additional liabilities established subsequent
96,541,063
to date of failure
Claims proved (both secured and unsecured) _ 2,114,957,843
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
2
Including building and loan associations.
3
Does
not include 159 banks restored to solvency.
4

Does not include 1 bank restored to solvency.




1,550,000
13,539,564

329,073,807
2,378,540,723

5,013,880

515,478,134

640,810
11,732,237

1,912,920 .__
19,147,196

__

1,912,920
19,147,196

325,610,887
2,345,853,963

1,550,000
13,539,564

327,160,887
2,359,393,527

5,194,938

5,194,938

505,269,316

5,013,880

510,283,196

809,871
17,850,201

809,871
17,850,201

95,731,192
2,097,107,642

640,810
11,732,237

78.05

88.91

78.11

77.18

77.18

78.06

88.91

78.12

87.60

93.18

87.63

82.57

82.57

87.64

93.18

87.67

o
w

6.70

7.50

6.71

8.73

8.73

6.69

7.50

6.69

H
O

and building and loan associations.

5
0
7
8

3

Does not include 158 banks restored to solvency.
Includes $23,100,000 capital stock of 159 banks restored to solvency.
Includes $50,000 capital stock of 1 bank restored to solvency.
Includes $23,050,000 capital stock of 158 banks restored to solvency.

o

o

5
o

TABLE NO. 44.—Number and deposits of national and District of Columbia nonnational banks* placed in receivership period Apr. 14, 1865 to
Dec. 31, 1948, by groups according to percentages of dividends paid to Dec. 31, 1948
Restored Total

Liquidation Banks
Periods and bank groups

Dividends paid, 100 Dividends paid, 75 Dividends paid, 50 Dividends paid, 25 Dividends paid, less
percent and over
to 99.9 percent
to 74.9 percent
to 49.9 percent
than 25 percent
Number of
banks

Deposits

Number of
banks

Deposits

Number of
banks

Deposits

Number of
banks

Deposits

Number of
banks

Deposits

to sol-

T

Number of
banks

all

banks 2
Deposits

Num- Numberof ber of
banks banks

Receiverships completely liquidated and finally closed or restored to solvency, 1865 to 1948
(2,975 banks):
Apr. 14, 1865 to Oct. 31, 1930
(data for individual annual
report years unavailable; deposits prior to 1880 unavail163 $64,572,547
211 $66,952,690
208 $77,296,606
$285,115,767
156 $45,465,025 159 $30,828,899
897
able for 84 banks), (974 banks)
77
974
1,994,080
5,323,140
22
8,334,115
8,497,657
16
6
29
5,589,946
18
29,738,938
Nov. 1. 1930 to Oct. 31, 1931___
91
99
8
11
16
33
10
97
122
25
Nov. 1 , 1931 to Oct. 31, 1932___
15,873,316
5,549,989
14,038,797
27 10,027,603
2,250,071
47,739,776
8
13
21
69
9
78
Nov. 1 , 1932 to Oct. 31, 1933 __
4,412,925
5,826,514
9,692,212
15
6,902,413
12
3,095,192
29,929,256
8
18
17
64
92
28
Nov. 1 , 1933 to Oct. 31, 1934___
4,431,721
8,517,835
10,532,532
8
1,451,334
13
1,657,228
26,590,650
28
29
34
152
11
163
Nov. 1 , 1934 to Oct. 31, 1935___
5,083,636
11,801,668
13,854,445
30
9,062,628
31
4,319,951
44,122,328
40
46
56
1
214
215
Nov. 1 , 1935 to Oct. 31, 1936___
14,723,916
12,246,387
18,483,929
43 12,556,918
29
4,452,292
62,463,442
86
80
85 38,027,988
340
340
0
Nov. 1 , 1936 to Oct. 31, 1937__.
50,715,003
38,690,969
3 51 19,594,780
38
7,420,214
154,448,954
110
106 56,203,459
364
0
364
Nov. 1 , 1937 to Oct. 31, 1938___ 4 76 33,477,651
54,346,379
48 16,991,046
24
6,158,246
167,176,781
26
61
42
159
0
159
Nov. 1 , 1938 to Oct. 31, 1939___
20,910,457
58,631,031
32,056,684
21 10,103,204
9
2,269,805
123,971,181
19
36
38 43,319,262
112
0
112
Nov. 1 , 1939 to Oct. 31, 1940___
17,397,983
43,639,246
15
9,332,899
4
8,005,471
121,694,861
6
5
7
102
39
102
0
Nov. 1 , 1940 to Oct. 31, 1941___
18,147,843
68,673,118
42 76,497,725
7 10 10,540,731
4
8,201,086
182,060,503
14
46 248,608,395
26
14
104
0
104
Nov. 1 . 1941 to Dec. 31, 1942 __
77,234,820
72,320,682
52,025,720
4
1,584,920
451,774,537
30
6
5
8
8
30
0
Jan. 1, 1943 to Dec. 31, 1943___
16,260,257
75,837,758
39,828,007.
24,606,118
3
1,944,442
158,476,582
3 412,269,316
1
5 28,787,475
1
10
0
10
Jan. 1, 1944 to Dec. 31, 1944___
4,613,782
141,119
0
0
445,811,692
1
2
0
1
0
0
4
0
4
Jan. 1, 1945 to Dec. 31, 1945___
1,796,607
2,390,914
0
0
4,187,521
0
0
2
0
0
0
0
2
0
2
Jan. 1, 1946 to Dec. 31, 1946-__
616,710
0
0
616,710
0
0
1
1
0
0
2
0
2
Jan. 1, 1947 to Dec. 31, 1947___
26,966,990
183,818
0
0
27,150,808
1
1
1
0
0
3
0
3
Jan. 1, 1948 to Dec. 31, 1948___
1,204,158
421,461
305,253
0
0
1,930,872
82
525 672,702,286
537 462,466,383
318 191,834,170
Total 1931-1948 (2,001 banks) _ 340 695,933,689
199 56,948,864 1,919 2,079,885,392
2,001
Active receiverships as of Dec. 31,
1
3
1
0
0
6
0
6
1948 (6 banks)
4,192,634
7,047,661
2,299,269
1
0
13,539,564
549 777,422,929
749 531,718,342
474 237,299,195 359 87,777,763 2,822 2,378,540,723
159
2,981
Grand total (2,981 banks)
691 744,322,494
1
Including building and loan associations.
Exclusive of 1 receivership finally closed during the year ended October 31, 1928,
2
but reopened as a receivership during the year ended October 31, 1940, and again
Deposits for banks restored to solvency unavailable.
3
closed
during the year ended October 31, 1941.
Exclusive of 1 receivership finally closed during year ended October 31, 1937, but
7
reopened as a receivership during the year ended December 31, 1944, and again closed
Exclusive of 1 receivership finally closed during the year ended October 31, 1936,
during
the year ended December 31, 1948.
but reopened as a receivership during the year ended October 31, 1937, and again
4
closed during the year ended October 31, 1938. (Data relative to reopening and second
Exclusive of 1 receivership finally closed during year ended October 31, 1933, but
final closing included in report for year ended October 31, 1941.)
reopened
as a receivership and again closed during the year ended October 31, 1938.
5
Exclusive of 1 receivership finally closed during the year ended October 31, 1928,
but reopened as a receivership during the year ended October 31, 1940, and again
closed during the year ended October 31, 1941.




REPORT OF THE COMPTROLLER OF THE CURRENCY

173

TABLE NO. 45.—Liquidation statement, 9 receiverships in liquidation during year
ended December SI, 1948
Number of banks

9

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)
Total

.

Disposition of collections:
Dividends paid by receivers to unsecured creditors
Dividends paid by receivers 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
Cash balances in hands of Comptroller and receivers at end of period
Total
Credit items (deductions) as reported by receivers.




$648,036
70,098
284
11,589
l
4,017
725,990
123,327

* 4, 017
2,466
77,872
526,342
725,990

174

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE NO. 46.—Liquidation statement, 3 administered national bank receiverships
completely liquidated arid finally closed, during year ended December 31, 1948
Number of banks
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
Total,
Collections:
Collections from assets
Collections from stock assessments
Earnings collected
Offsets allowed and settled (against assets)
Total
Disposition of collections:
Dividends paid by receivers to unsecured creditors
Dividends paid by receivers 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
__
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
Average number of years required to complete liquidation




3
$2,405,895
1,771,076
137,611
497,208
2,405,895
1,771,076
14,601
183,044
137,611
2,106,332
1,644,222
24,288
149,116
137,611
1,727
149,368
2,106,332
250,000
50,000
50,000
49,100
75,000
1,930,872
97,089
60,432
1,819,628
91.70
93.62
7.17
8.00

REPORT OF THE COMPTROLLER OF THE CURRENCY

175

TABLE NO. 47.—Liquidation statement, 6 active receiverships as of December 81,1948
Number of banks
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
I
Total
Collections:
Collections from assets
Collections from stock assessments
Earnings collected
Offsets allowed and settled (against assets)
Total
Disposition of collections:
Dividends paid by receivers to unsecured creditors
Dividends paid by receivers 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
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 assessment 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




6
$25,273,975
16,896,849
786,501
6,898,453
692,172
25,273,975
16,896,849
848,316
1,447,001
786,501
19,978,667
10,378,083
53,246
6,666,955
786,501
69,367
1,452,576
45,597
526,342
19,978,667
3,350,000
100,000
100,000
99,520
1,550,000
13,539,564
5,013,880
640,810
11,732,237
88.91
93.18
7.50

176

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE NO. 48.—National banks in charge of receivers during year ended Dec. 31,
amounts of total assets and total liabilities at date of failure, capital stock and
and earnings, together with the disposition of such collections, and various other
Organization
Name and location of banks

Charter
No.

Date

CONNECTICUT
2958

Plantsville National Bank, Plantsville2..

12637

Jan. 16, 1925

3102

Dec. 20, 1883

3600

Nov. 18, 1886

5613

Sept. 25, 1900

1287
13336

M a y 20, 1865
June 10, 1929

13141
1171

Nov. 7, 1927
M a y 3, 1865

14234

June 26, 1934

ILLINOIS
1715

Calumet National Bank, Chicago
LOUISIANA

2934

Commercial National Bank, Shreveportl
MISSISSIPPI

2268

First National Bank, Lumberton4
NEW YORK

2697
2946

Salt Springs National Bank, Syracuse 3
Fort Greene National Bank in New York, N. Y.2

2961
2965

Keswick National Bank of Glenside 2
First National Bank & Trust Co., Easton 2_

2964

Poultney National Bank, Poultney 2__

PENNSYLVANIA

VERMONT

Grand total (9 receiverships) _ _
Total active (6 receiverships)
Total finally closed (3 receiverships).
Total failures 1948 (0 receiverships) _
Total activity 1948 (9 receiverships) _
See footnotes at end of table.




177

REPORT OF THE COMPTROLLER OF T H E CURRENCY

194-8, dates of organization, appointment of receivers and final closing, with nominal
stock assessments, amounts collected from all sources, including offsets allowed
data indicating the progress and results of liquidation to December 31, 1948.
Failure

Capital
stock at
date of

Liabilities

Date
receiver
appointed

$50,000

June 26, 1939

400,000

Oct.

1,000,000

Borrowed
money (bills
payable,
rediscounts,
etc.) at date
of failure

7, 1931

$482,691

Feb. 21, 1936

3,261,929

Deposits
at date of
failure

Additional
liabilities
established
to date of
report

Total liabilities established to
date of
report

$421,461

$51,907

$473,36

2958

2,299,269

144,221

2,926,181

1715

242,633

3,504,562

2934

1, 1944

97,089

305,253

6,973

409,315

2268

800,000
500,000

Jan. 22, 1934
Aug. 14, 1937

1,144,260
125,000

4,165,850
2,015,717

82,118
33,276

5,392,228
2,173,993

2697
2946

150,000
600,000

Apr. 14, 1941
Dec. 10, 1943

1,204,158
4,192,634

1,552
88,098

1,205,710
4,280,732

2961
2965

50,000

May 9, 1943

2964

50,000

Oct.

866,094

50,464

916,558

3,600,000

5,110,969

15,470,436

701,242

21,282,647

3,350,000
250,000

5,013,880
97,089

13,539,564
1,930,872

640,810
60,432

19,194,254
2,088,393

~~44~68T

44~68l




178

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE NO. 48.—National banks in charge of receivers during year ended Dec. 31,
amounts of total assets and total liabilities at date of failure, capital stock and,
and earnings, together with the disposition of such collections, and various other
—Continued
Circulation

Lawful
money
deposited
to retire

Assets and assessments

Outstanding
at date of
failure

Book value
at date of
failure

Additional
assets
received
since date
of failure

Assessments
upon
shareholders

Total assets
and stock
assessments

$380,181

$104,313

$25,000

$509,494

3,506,809

298,930

400,000

4,205,739

4,979,086

394,601

463,104

44,055

50,000

557,159

2697
2946

6,365,136
2,475.163

292,365
330,115

800,000
350,000

7,457,501
3,155,278

2961
2965

1,306,808
5,168.905

107,434
418,565

2958
1715

$99,520

$99,520

2934
2268

49,100

49,100

5,373,687

1,414,242
5,587,470
1,044,300

919,185

125,115

148,620

148,620

25,564,377

2,115,493

1,625,000

29,304,870

99,520
49,100

99,520
49,100

23,414,284
2,150,093

1,859,691
255,802

1,550,000
75,000

26,823,975
2,480,895

2964

66,575
See footnotes at end of table.




66,575

179

REPORT OF THE COMPTROLLER OF THE CURRENCY

194S, dales of organization, appointment of receivers and final closing, with nominal
Hock assessments, amounts collected from all sources, including offsets allowed
data indicating the progress and results of liquidation to December 31, 1948,

Progress of liquidation to date of this report
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

Cash
collections
from assets

Cash
collections
from stock
assessments

Receivership
earnings, cash
collections
from interest,
• premium,
rent, etc.

$358,548

$2,031

$5,887

$36,308

$402,774

$89,638

2958

1,855,001

225,658

171,750

218,150

2,470,559

1,710,599

1715

481,808

23,139

3,932,826

1,907,483

2934

3,427,879

Offsets
allowed and
settled

230,444

12,570

103,315

54,296

400,625

222,419

2268

4,495,865
1,841,226

503,777
118,881

485,504
74,061

286,346
121,626

5,771,492
2,155,794

1,686,756
842,426

2697
2946

73,842
189,789

47,007
55,894

1,302,933
4,640,589

185,151
726,280

2961
2965

2964

1,182,084
4,394,906

881,972

44,089

81,346

1,007,407

24,909

18,667,925

862,917

1,630,045

924,112

22,084,999

7,395,661

16,896,849
1,771,076

848,316
14,601

1,447,001
183,044

786,501
137,611

19,978,667
2,106,332

6,898,453
497,208

70,098

284

11,589

7 U,017

77,954

635,507




180

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE NO. 48.—National banks in charge of receivers during year ended Dec. 31,
amounts of total assets and total liabilities at date of failure, capital stock and
and earnings, together with the disposition of such collections, and various other
—Continued
Progress of liquidation to date
of this report—Continued

Book value of
uncollected
assets

"Book value of
remaining
uncollected
stock
assessments

Dividends paid by
receivers
On secured
claims

$22,969

2958
1715

$21,989

2934

15,186

2268
2697
2946

188,534

2961
2965

410,390

2964

Disposition of proceeds of liquidation

174,342

$51,177

On unsecured
claims

Secured and
Cash
preferred liabilities paid
advanced in
except through protection
dividends, inof assets
cluding offsets
allowed

$332,549

$39,721

1,006,613

979,521

$3,073

3,616,096

49,863

37,430

24,288

147,498

163,017

1,727

296,223
231,119

2,069

3,567,759
1,130,524

1,737,128
660,807

14,888
1,382

1,164,175
3,886,334

83,989
371,675

161

786,853

88,229

692,172

762,083

77,534

12,022,305

7,740,183

71,094

692,172

701,684
60,399

53,246
24,288

10,378,083
1,644,222

7,453,456
286,727

69,367
1,727

7 635,013

7 28U

56,073




123,327

7

4,017

2,466

181

REPORT OF THE COMPTROLLER OF THE CURRENCY

1948, dates of organization, appointment of receivers and final closing, with nominal
stock assessments, amounts collected from all sources, including offsets allowed
data indicating the progress and results of liquidation to December 31, 1948,
Disposition of proceeds of
liquidation—C ontinued
Conservators' Receivers' Cash in
hands of
salaries,
salaries,
legal and legal and Comptroller and
other
other
receivers
expenses expenses

Amount
of claims
proved

$30,504

$431,847

303,087

$127,088

163,761

103,106

64,095

$45,597

Dividend
(percent)

5

1,877,465

Interest
dividend
(percent)

83.389

Date
finally
closed

U. S.
bonds
held at
failure
to secure
circulating
* notes

May 19, 1948

53.5

2958

$100,000

2934
267,704

393,634
217,946

12,486
143,066

3,638,730
1,510,069

54,769
298,862

83,557

1,120,077
3,886,334

64.17

Dec. 1, 1948

50,000

97.5
75.0
6

100.0
100.0

6

3.937 June 22, 1948

2961
2965

75,286

57,039

819,639

1,601,944

526,342

13,551,865

150,000

45,597

1,452,576
149,368

526,342

11,732,237
1,819,628

100 000
50,000

121,69U

98,914

7

2268

2697
2946

45,597

77,872

1715

96.0

2964

1
Receiver appointed to levy and collect stock assessment covering deficiency in value of assets sold
or 2to complete unfinished liquidation.
Federal Deposit Insurance Corporation appointed as receiver in accordance with Banking Act of 1933.
3
Formerly in conseryatorship.
4
Bank placed in receivership February 9, 1933, with completion of liquidation and final closing as of
November 30, 1936. Receivership activity resumed effective October 1, 1944, in connection with the
conclusion of liquidation of certain assets, with second final closing December 1, 1948. Liquidation data
given
indicative of progress and results of liquidation from February 9, 1933 to December 1, 1948.
5
76.562 percent principal paid to subrogated creditors and 83.389 percent principal paid to other
creditors.
6
100 percent principal and partial interest paid to creditors.
7
Decrease.




TABLE NO. 49.—Bank suspensions since inauguration of Federal deposit insurance, years ended Dec. 31, 1934 to 1948

Year ended
Dec. 31—

Member banks

National

1934
1935
1936
1937
1938
1939
1940
1941
1942
1943
1944
1945
1946
1947
1948

_

Nonmember banks

All
banks

57
34
44
58
56
42
22
8
9
4
1

1
4
1
3
1
4
1
4

Insured

State

2
1
3

2

8
22
40
47
47
25
18
3
6
2
2
1

Noninsured

48
8
3
6
7
10
3
1
3

Member banks

National

3,822
1,518
1,961
3,435
2,467
5,309
1,587
496
327
708
32

25
405
88
685
25
220
82
360

State

671
25
3,600

650

Deposits (in thousands of dollars)

Nonmember banks

All
banks
Insured

416
633
1,678
2,004
2,052
1,204
1,452
118
272
58
32

GO

to

Capital (in thousands of dollars)1

Number

Noninsured

3,381
480
195
75
365
285
53
18
55

Member banks

Nonmember banks

All
banks
National

42
5,399
524
3,825
36
1,323
257
3,141

36,939
10,101
11,323
16,169
13,837
34,980
5,944
3,723
1,702
6,300
405

4

State

1,708
211
24,629

5,059

Insured

1,912
3,763
10,207
10,156
11,721
6,589
5,341
503
1,375
1,241
405

Noninsured

34,985
939
592
480
1,869
2,439
346
79
327

8

_-_

Total. __

1
336

1
2
3
4

167

31

21

6

219

90

21,662

2,540

Includes capital notes and debentures, if any, outstanding at date of suspension.
Located in the State of Indiana.
Private bank located in the State of Georgia.
Revised.
NOTE.—Figures for banks other than national furnished by Board of Governors of the




4,296

9,919

4,907

141,590

167
4

19,606

26,548

53,213

42,223

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.

W
O

TABLE NO. 50.—Fiduciary activities of national banks as of Dec. 81, 1948
Banks with capital of—
$25,001 to
$50,000

$25,000

35
408

12
315

284
1,505

20

97

379

523

443

327

1,789

. . . $20,807, 038 $127, 750,728 $552, 221,350 $569 ,402,693 $610,414,068
. . . 16,997, 593 137, 010,017 1,371, 121,525 3,603 ,320,576 7,011,802,815

$1, 330,886,346
58, 168,918,6ir

$3, 211,482,223
70, 309,171,137

264, 760,745 1,923, 342,875 4,172 ,723,269 7,622,216,883

59, 499,804,957

73, 520,653,360

37,804, 631

Trust Assets

.

...

-_-..._

Total

Number of living trusts being administered
Number of court trusts being administered
._ __
..

.._

Total number of trusts being administered
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, 1948
Average gross earnings per trust department reporting trust earnings for year ended
Dec. 31, 1948—
_
.. ...
.




$4 543,590

8, 013

219,911
866,958
40,803

$53, 200,410
2, 064,803
6, 245,895
6, 310,636

196, 530

5, 671,262

67, 821,744

$2, 017
194, 513

$1, 259,876

$29, 218,261
38, 603,483

$157, 975
6, 702
23, 840

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

Total number of individual trusts being administered
Number of corporate trusts being administered

Total

67
456

Total___
Private trusts. __
Court trusts

$500,001 and
over

111
268

Total assets of national banks authorized to exercise trust powers

Trust Liabilities

$200,001 to
$500,000

48
49

Total number of national banks authorized to exercise trust powers

Investments
Savings deposits
Demand deposits
Other assets

$100,001 to
$200,000

11
9

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

$50,001 to
$100,000

411,386

,275,911
5,539,068
,685,393
14 ,070,286

$872,719,058
11,060,192
55,839,143
86,885,926

318 ,570,658 1,026,504,319

$164 ,192,705
154 ,377,953

149,091,817 $16, 353,988,761
219,720,702
200,830,026
534,539,653
622,200,882
3 , 117,209,339
3, 224,525,003
19, 001,670,835

o
o

20, 420,435,348

$650,654,106 $16, 479,046,887 $17, 324,373,852
375,850,213
096,061,496
2, 522,623,948

196, 530

5, 671,262

67, 821,744

$47, 700
1
9
1

$55,875
26
44
6

$5, 647,155

196
242
58

$129 ,814,740
375
430
173

24

107
411

1,320
3,283

6,109
11,562

19,154
18,577

67,148
45,023

93,839
78,880

?/>
1

518
8

4,603

17,671

114

550

37,731
1,227

112,171
19,921

172,719
21,821

318 ,570,658 1,026,504,319

19, 001,670,835

20,420,435,348

$269,069,798 $10, 605,109,665 $11, 009,744,933
372
309
1,279
382
300
1,407
263
708
207

26

526

4,717

18,221

38,958

132,092

194,540

$21,837
$7,861
$97

$115,740
$10,948
$91

$253,066
$14,734
$124

$698,620
$18,028
$123

$2,515,942
$27,206
$140

$60,322,765
$169,399
$386

$13,568,396
$118,229
$305

$314

$1,067

$2,390

$5,187

$13,599

$162,544

$41,112

•'

O

CO

TABLE NO. 51.—Fiduciary activities of national banks by Federal Reserve districts as of Dec. SI, 1948

Federal Reserve districts

Number
Total
Number
with
number
of banks authority authorized
exercising but not to exercise
fiduciary exercising fiduciary
powers
fiduciary powers
powers

Boston
..
New York
PhiladelphiaCleveland
Richmond....
Atlanta
Chicago
St. Louis
Minneapolis.._
Kansas City—
Dallas
San Francisco.

164
234
225
106
130
95
190
94
46
100
64
57

Total...

,505




200
261
234
118
151
116
232
122
65
137
89
64
284

Capital of
banks
authorized
to exercise
fiduciary
powers

$105
304
101
158
63
83
242
47
36
58
83
244

Total banking
assets of banks
authorized to
exercise
fiduciary
powers

261,667 $4,175,534,155
765,974 14,136,607,817
103,830 3,869,344,484
015,000 5,460,546,058
125,500 3,255,637,256
173,500 4,512,042,127
140,000 11,556,293,978
464,000 2,665,995,425
980,000 2,101,990,402
600,000 3,502,599,773
230,000 4,203,237,669
921,375 14,080,824,216

1,789 1,528,780,846

73,520,653,360

Number of individual trusts

Living
trusts

Court
trusts

Total

4,751
5,444
7,800
10,849
6,426
5,142
29,047
2,335
2,675
3,606
3,515
12,249

6,458
8,791
16,393
10,404
6,364
3,924
8,418
2,703
2,931
2,724
686
9,084

14,235
24,193
21,253
12,790
9,066
37,465
5,038
5,606
6,330

78,880

Assets of
individual
trusts

Number
of corporate
trusts
administered

QO

Bond issues
outstanding
where bank
acts as
trustee

Trust
department
gross
earnings
for year
ended Dec.
31, 1948

4,201
21,333

$1,324, 532,369
1,771, 007,274
544, 727,432
2,541, 260,825
765, 437,377
1,180, 913,434
7,272, 592,802
229, 675,038
1,286, 889 222
970, 264*, 975
499, 904,262
2,033, 230,338

455
1,068
364
2,544
391
997
7,920
1,264
377
3,943
857
1,641

$338,077,027
4,714,264,642
65,679,842
693,251,259
365,289,453
433,073,924
2,779,328,940
132,230,732
99,773,679
390,064,177
317,309,225
681,402,033

$4,299,000
10,484,000
2,720,000
6,854,000
2,868,000
3,007,000
11,482,000
1,109,000
1,976,000
2,025,000
1,823,000
10,736,000

172,719

20,420,435,348

21,821

11,009,744,933

59,383,000

11,209

a

a

TABLE NO. 52.—Classification of investments in living and court trust accounts under administration by the active national bank trust departments
Dec. 31, 1948
Trust investments classified according to
capital of banks administering trusts
Banks with capital of $25,000
Banks with capital of $25,001 to $50,000
Banks with capital of $50,001 to $100,000
Banks with capital of $100,001 to $200,000
Banks wUh capital of $200,001 to $500,000
Banks with capital of $500,001 and over
Total




Bonds

Percent

Stocks

Percent

Real-estate
mortgages

Percent

Real-estate

Percent

Miscellaneous Percent

Total
investments

$118,138
2,566,322
24,774,224
132,674,674
355,341,753
10,201,274,597

74.78
56.48
46.57
48.37
40.72
67.34

$7,965
1,021,625
16,811,631
86,763,927
304,761,859
3,525,966,754

5.04
22.49
31.60
31.63
34.92
23.28

$8,000
346,381
3,373,943
24,953,736
119,878,695
556,019,393

5.07
7.62
6.34
9.10
13.74
3.67

$20,250
538,933
7,129,945
22,407,942
58,490,797
459,283,994

12.82
11.86
13.40
8.17
6.70
3.03

$3,622
70,329
1,110,667
7,475,632
34,245,954
406,547,079

2.29
1.55
2.09
2.73
3.92
2.68

$157,975
4,543,590
53,200,410
274,275,911
872,719,058
15,149,091,817

10,716,749,708

65.53

3,935,333,761

24.06

704,580,148

4.31

547,871,861

3.35

449,453,283

2.75

16,353,988,761

d

O

O
H

TABLE NO. 53.—Fiduciary activities of national banks by States as of December 31, 1948

Location

Alabama
Alaska
Arizona.
_.
Arkansas..California
Colorado
Connecticut
Delaware
District of Columbia..
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky...
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota.
Missouri.
Montana.1
Nebraska .
Nevada
New Hampshire..
New Jersey
New Mexico
New York
North Carolina...
North Dakota....
Ohio..-..
Oklahoma




Number
of banks
exercising
fiduciarypowers

83
75
31
23
44
12
23
13
69
18
21
13
27
8
11
2
24
107
4
158
22
3
44

Number
Total
with
number
authority authorized
but not
exercise
exercising tofiduciary
fiduciary powers
powers
31
2
2
18
25
29
37
8
7
24
18
1
3
105
90
44
30
51
14
26
18
87
23
26
16
36
10
18
3
33
127
7
169
24
6
49
27

Capital of
banks
authorized
to exercise
fiduciary
powers

Total banking
assets of banks
authorized to
exercise
fiduciary
powers

$15,503,000
$838,465,675
225,000
20,522,475
4,800,000
319,086,122
6,050,000
317,014,900
186,446,375 10,037,428,196
9,884,000
674,637,317
20,048,000
761,544,562
1,375,000
34,575,667
10,700,000
612,596,126
21,875,000
934,229,486
16,587,500
917,363,636
4,000,000
218,692,822
4,800,000
285,731,381
175^227,000 7,163,109,164
27:035,000 1,621,720,320
9,890,000
634,914,584
8,625,000
519,337,959
10,775,000
530,570,586
14,850,000 1,083,818,943
7,125,000
222,087,364
9,925,000
541,365,848
70,692,500 2,988,960,539
31,170,000 2,218,554,520
27,830,000 1,544,832,542
3,703,000
199,899,499
28,800,000 1,573,259,196
2,800,000
174,145,130
11,305,000
596,788,788
1,650,000
133,931,064
4,566,667
164,927,288
47,793,000 1,993,639,060
2,851,000
154,819,455
265,976,474 12,478,099,268
6,025,000
392,964,021
1,250,000
79,040,786
62,220,000 2,762,329,250
13,725,000
754,082,203

Number of individual trusts

Living
trusts

Court
trusts

Total

Assets of
individual
trusts

Number
of corporate
trusts
being
administered

Bond issues
outstanding
where bank
acts as
trustee

Trust
department
gross
earnings
for year
ended Dec.
31, 1948

1,482

548

2,030

$252,994,287

390

$78,464,281

$643,000

213
7,658
1,070
2,030
33
1,143
1,260
956

617
7,209
879
3,276
123
154
1,147
944

830
14,867
1,949
5,306
156
1,297
2,407
1,900

23,729,377
1,593,567,575
207,049,421
479,472,725
1,751,514
165,703,597
229,149,507
174,422,049

574
1,119
784
190

64,271,954
633,441,494
69,418,692
42,466,585

36
152
234

77,774,648
157,702,788
114,018,628

131,000
8,758,000
593,000
1,567,000
17,000
413,000
802,000
909,000

223
24,585
1,641
652
485
451
478
433
857
2,033
2,132
2,252
210
1,597
102
355
2
264
263
1,273
179
4,265
453
111
4,535
408

194
3,850
2,192
517
234
1,394
451
564
461
2,221
1,183
2,419
195
696
45
529
2292
354
2,712
136
6,819
1,200
140
2,796

417
28,435
3,833
1,169
719
1,845
929
997
1,318
4,254
3,315
4,671
405
2,293
147
884
2556
617
3,985
315
11,084
1,653
251
7,331
531

5,326,961
6,317,600,660
132,721,215
48,429,627
83,970,445
32,451,503
407,480,295
71,294,290
123,525,192
727,019,125
690,080,686
1,266,037,039
9,975,174
363,130,853
3,852,572
191,160,245
247,710,340
27,616,378
385,147,688
9,816,433
1,403,807,567
43,141,084
7,031,124
1,206,296,480
176,413,382

7,255
166
80
77
52
162
96
31
182
311
312
33
1,182
13
386
2
50
14
148
29
919
100
32
1,913
1,721

1,028,382
2,559,160,570
32,672,104
9,300,522
2,865,000
4,757,340
66,816,389
56,988,360
93,045,573
233,200,501
157,254,078
55,651,236
662,400
83,255,263
2,049,525
103,392,294
2
3,561,250
1,877,637
76,592,687
12,753,663
4,643,483,878
61,764,533
41,619,870
274,589,675
172,573,537

76,000
8,761,000
640,000
305,000
206,000
224,000
286,000
259,000
316,000
2,291,000
1,548,000
1,788,000
4^,000
959,000
32,000
279,000
2301,000
105,000
1,619,000
69,000
9,058,000
308,000
46,000
3,094,000
291,000

Dregon
Pennsylvania
Rhode Island _
South Carolina
South Dakota
_ . _ .
Tennessee
Texas
_ . _ ._
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin... _ _ _ _ _
Wyoming

. _

Total
1
2

4
8
3

7
.218
5
14
9
28
83
3
21
67
18
25
33
14

15,625,000
176,227,330
3,970,000
5,700,000
2,275,000
21,897,000
80,230,000
4,000,000
3,177,500
23,215,500
23,375,000
8,835,000
10,340*000
1,810,000

1,195,068,630
5,789,348,675
110,781,217
385,406,148
181,930,232
1,332,633,878
3,987,372,573
195,652,881
98,781,178
955,654,611
1,674,710,645
397,315,208
570,058,336
146,853,406

1,3 0
13,389
194
1,025
140
1,430
3,351
310
208
2,452
2,484
550
814
100

433
22,021
168
410
120
989
644
123
325
3,058
833
1,186
1,697
259

1,743
35,410
362
1,435
260
2,419
3,995
433
533
5,510
3,317
1,736
2,511
359

154,336,759
1,785,325,192
60,969,257
57,076,844
5,938,374
201,961,531
477,190,368
19,397,078
12,548,559
341,990,695
212,89 ,625
39,889,732
130,622,764
11,420,160

95
944
9
87
14
395
829
107
8
95
241
43
172
10

4,877,200
475,960,653
3,448,100
57,931,432
210,022
19,491,005
316,954,059
1,791,000
2,079,544
70,140,601
36,702,706
4,720,216
23,620,105
3,342,953

589,000
5,914,000
231,000
303,000
41,000
615,000
1,761,000
62,000
75,000
1,249,000
950,000
315,000
5 3,000
26,000

284

1,789

1,528,780,846

73,520,653,360

93,839

78,880

172,719

20,420,435,348

21,821

11,009,744,933

59,383,000

6
211
4
9
5
23
62
3
18
62
18
21
25
11

1
7
1
5
4
5
21

1,505

3
5

Included with figures for the State of Nevada.
Includes figures for 1 bank in Alaska and 2 banks in Arizona.




o

w
H
O

d

I N D E X

Page

Affiliates of national banks
16
All banks (see also Banks; Mutual savings banks; National banks; Private
banks; State commercial banks):
Assets and liabilities of:
Comparison of, December 31, 1947 and 1948
13-15
December 31, 1948, by classes of banks in each State
121-161
December 31, 1948, summary by classes of banks
119-120
June 30 and December 31, 1936-48
166
Distribution of, December 31, 1948
12-13
Per capita demand and time deposits of individuals, partnerships,
and corporations in, December 31, 1948, by States
162-163
Suspensions. (See Failures of banks.)
Assessments: Upon shareholders of insolvent national banks
171,174-181
Assets and liabilities of banks:
All banks:
Comparison of, December 31, 1947 and 1948
13-15
December 31, 1948, by States
121-129
December 31, 1948, summary by classes of banks
119-120
June 30 and December 31, 1936-48
166
National banks:
,
Call dates in 1948, summary and by States
7,35-88
December 31, 1948, by States
130-137
June 30 and December 31, 1936-48
167
Percentage distribution of, December 31, 1945-48
8
Principal items of, according to size of banks (deposits), December
31, 1947 and 1948
31
State banks (see also District of Columbia):
All banks combined:
December 31, 1948, summary and by States
119-120,138-145
June 30 and December 31, 1936-48
168
Mutual savings:
December 31 1948, summary and by
States
119-120,154-157
Private: December 31, 1948, summary and by States
119-120,158-161
State commercial: December 31, 1948, summary and by
States
119-120,146-153
Bank currency. (See Federal Reserve notes; National bank circulation.)
Bank examinations. (See Examination of national banks.)




189

190

INDEX
Page

Banks (see also All banks; Assets and liabilities of banks; Mutual savings
banks; National banks; Private banks; State commercial banks):
All banks:
I
Distribution of, December 31, 1948
12-13
Insured and uninsured, December 31, 1948
13
Member banks of Federal Reserve System, December 31, 1948..
13
Number of:
December 31, 1948, by States
121-123
June 30 and December 31, 1936-48
166
Suspensions. (See Failures of banks.)
Insured commercial banks: Number of, December 31, 1948, by classes
13
National banks:
Branches.
(See Branches of national banks.)
"Calls" for reports of condition of, dates, 1914-48
'
33
Examination of. (See Examination of national banks.)
Failures.
(See Failures of banks.)
Number of:
Call dates in 1948
7
Call dates in 1948, by States
35-88
December 31, 1948, by States
13(M31
June 30 and December 31, 1936-48
167
Nonmember banks of Federal Reserve System, December
31, 1948
13
With surplus fund equal to or exceeding common capital stock
1942-48
32
With. surplus fund less than common capital stock 1942-48..
32
State and private banks:
Number of:
December 31, 1948, by States
138-139,146-147,154,158
June 30 and December 31, 1936-48
168
Supervisors of, name and title of in each State, December 31,
1948
164-165
Suspensions. (See Failures of banks.)
Uninsured, December 31, 1948
13
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, 1948
30
Number authorized and closed in year ended December 31, 1948,
and number in existence December 31, 1948
12
Number authorized in year ended December 31, 1948, by States.. 28-29
Foreign:
Location and summary of assets and liabilities of, December
31, 1948
106,107
Number in operation December 31, 1948
107
Building and loan associations. (See District of Columbia.)




INDEX

191

"Calls" for reports of condition of national banks, dates of 1914-48
33
Capital accounts. (See Assets and liabilities of banks; Earnings, expenses,
and dividends of national banks:
Ratios.)
Capital stock of banks:
All banks:
December 31, 1948, by States
124-125,128-129
June 30 and December 31, 1936-48
166
National banks:
By size of banks (deposits) December 31, 1947 and 1948
31
Call dates in 1948, by States
35-88
Chartered, consolidated, in voluntary liquidation, insolvent,
1935-48
24
Chartered in each State, in year ended December 31, 1948
24-25
December 31, 1948, by States
132-133,136-137
Failed banks in charge of receivers, in year ended December
31, 1948
170,174-181
Incident to consolidations with State and national banks, in
year ended December 31, 1948
27
June 30 and December 31, 1936-48
167
Liquidated banks, in year ended December 31, 1948
11-12,26,174,175
Preferred stock :
Retirable value of, on call dates in 1948
7
Total outstanding, December 31, 1948
11-12
State and private banks:
December 31, 1948, by classes of banks and by States
120,
144-145,152-153,155,159
June 30 and December 31, 1936-48
168
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
17
Expenses of, calendar year 1948
17
Issue and redemption of notes
16-17
Liquidation of insolvent national banks
16,169-181
Organization and staff
17
Personnel
17
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, 1948
Changes in title of national banks incident to, in year ended December 31, 1948




27
27

192

INDEX
Page

Consolidations of banks—Continued
List of, in year ended December 31, 1948
Number of in each State
Number of, and decrease in capital incident to, 1935-48
Credit unions of the District of Columbia. (See District of Columbia.)
Demand deposits. (See Deposits.)

27
23
24

Deposits (see also Assets and liabilities of banks):
All active banks, June 30 and December 31, 1936-48
.•
166
Demand and time in all active banks, by classes in each State, December 31, 1948
128-129,136-137,152-153,157,161
Insured commercial banks, December 31, 1948
13
National banks, at date of failure
171,172,174-181
Per capita demand and time of individuals, partnerships, and corporations in all active banks, December 31, 1948, by States
162-163
Postal savings:
In all banks, December 31, 1948, by States
128-129
In each class of banks, December 31, 1948, by States. .136-137,152-153,161
In national banks, call dates in 1948, by States
35-88
Size of national banks, according to, December 31, 1947 and 1948. . . .
31
Suspended banks. (See Failures of banks.)
Uninsured banks, December 31, 1948
13
United States Government:
In all banks, December 31, 1948, by States
128-129
In each class of banks, December 31, 1948, by States
136-137
152-153, 157, 161
In national banks, call dates in 1948, by States
35-88
District of Columbia:
Assets and liabilities of all banks in, by classes:
Call dates in 1948
45, liO, 111
December 31, 1948
*
108,109
Building and loan associations in:
Reports required from, in year ended December 31, 1948... .
16
Summary of assets and liabilities of, December 31, 1948
117
Summary of receipts and disbursements of, year ended December
31, 1948
117
Credit unions of:
Reports required from in year ended December 31, 1948
16
Summary of assets and liabilities of, December 31, 1948
118
Summary of receipts and disbursements of, year ended December 31, 1948
118
Earnings, expenses, and dividends of banks in:
Losses charged off on loans and securities:
Years ended December 31, 1929-48
115,116
Years ended December 31, 1947 and 1948, by classes of banks. .112-113
Ratios:
Years ended December 31, 1929-48
115-116
Years ended December 31, 1947 and 1948, by classes of banks. .
113
Years ended December 31, 1947 and 1948, by classes of banks
112-113
Receiverships of nonnational banks in
169-171




INDEX

193

Pa
District of Columbia—Continued
8*
Reports required from banking associations in, in year ended December 31, 1948
15-16
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, 1948. .100-101
By Federal Reserve districts, year ended December 31, 1948
97-99
By States, year ended December 31, 1948
89-96
Losses charged off on loans and securities:
Years ended December 31, 1929-48
105
Year ended December 31, 1948, according to size of banks (deposits)
101
Ratios:
Dividends to capital stock and capital funds, years ended December 31, 1929-48
.104
Net profits before dividends to capital stock and capital funds,
years ended December 31, 1929-48
104
Net earnings from current operations and net profits before dividends per $100 of deposits, year ended December 31, 1948... .
101
Net earnings from current operations, net profits before dividends,
and cash dividends per $100 of capital funds, year ended December 31, 1948
101
Salaries and wages of officers and employees:
By size of banks (deposits), calendar year 1948
100
Years ended December 31, 1946-48
102
Summary, years ended December 31, 1946-48
102-103
Employees. (See Comptroller of Currency, Office of; Officers and employees of national banks.)
Examination of national banks: Number of bank examinations during
year ended December 31, 1948
17
Examiners and assistant examiners:
Changes in number, during the
calendar year 1948
17
Expenses. (See Comptroller of the Currency, Office of; Earnings, expenses, and dividends of national banks; Failures of banks; National
banks.)
Failures of banks:
All banks:
Number, capital and deposits of suspended banks: Since inauguration of Federal deposit insurance, years ended December 31, 1934-48
182
National banks:
Assessments against stockholders
171,174-181
Banks in charge of receivers in year ended December 31, 1948
169-181
Capital at date of failure
170,174-181,182
Circulation outstanding at date of failure
170,174-181
Closed and active receiverships to December 31, 1948
169-181
Costs of liquidation of receiverships terminated
171,174
Deposits at date of failure of banks in charge of receivers, in
year ended December 31, 1948
171,172,174-181,182




194

INDEX

Failures of banks—Continued
Page
National banks—Continued
Dividends paid to creditors during year ended December 31,
1948, and total dividends to December 31, 1948
169-181
Number and capital of, 1935-48
24
Number, capital, and deposits:
Since inauguration of Federal
deposit insurance, years ended December 31, 1934-48
.
182
Number of, by States, since beginning of system
23
Receipts and disbursements of Division of Insolvent National
Banks to December 31, 1948
169-171,174,175
Receivership liquidation to December 31, 1948
169-181
Receiverships terminated, 1865-1948
169-181
Receiverships terminated in 1948
174
State banks:
In District of Columbia to December 31, 1948
169-171
Number, capital, and deposits of: Since inauguration of Federal
deposit insurance, years ended December 31, 1934-48
182
Federal Deposit Insurance Corporation (see also Failures of banks):
Classification of insured and uninsured banks, December 31, 1948. . . .
13
Federal Reserve notes: Issue and redemption of, in year ended December 31, 1948
16-17
Fiduciary activities of national banks:
By Federal Reserve districts, December 31, 1948
184
Classification of investments in living and court trust accounts under
administration segregated according to capital of banks, December
31, 1948
185
December 31, 1948, by States
186-187
December 31, 1948, segregated according to capital groups
183
Foreign branches of national banks, location, and summary of assets
and liabilities of, December 31, 1948
106,107
Government bonds. (See Investments; United States Government
securities.)
Holding company affiliates of national banks, number of, December
31, 1948
,
16
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, 1948, by States
121-123
December 31, 1948, by classes of banks
119
June 30 and December 31, 1936-48
166
National banks:
By size of banks (deposits), December 31, 1947 and 1948
31
Call dates in 1948, summary and by States
7, 35-88
December 31, 1948, by States
130-131
June 30 and December 31, 1936-48
167




INDEX

195

Pa e
Investments of banks—Continued
£
National banks—Continued
Losses charged off on:
According to size of banks (deposits), year ended December
31, 1948
101
Year ended December 31, 1948, by States and Federal Reserve districts
93-94, 98
Years ended December 31, 1929-48
105
State and private banks: December 31, 1948, by classes of banks
and by States
119, 138-139,146-147,154,158
Liabilities. (See Assets and liabilities of banks.)
Liquidation of national banks (see also Failures of banks):
Capital and number of banks, 1935-48
24
Capital, date, and title of banks, in year ended December 31, 1948,
with names of succeeding banks in cases of succession
26
Number of banks, in each State, since beginning of system
23
Summary, in year ended December 31, 1948
11-12
Loans and discounts of banks:
All banks:
December 31, 1948, classification of, by States
126-127
December 31, 1948, classification of, by classes of banks
119
June 30 and December 31, 1936-48
166
National banks:
By size of banks (deposits), December 31, 1947 and 1948
31
Call dates in 1948, summary and by States
7,35-88
December 31, 1948, classification of, by States
134-135
June 30 and December 31, 1936-48
167
Interest and discount earned on:
According to size of banks (deposits), year ended December
31, 1948
100
Year ended December 31, 1948, by States and Federal Reserve districts
89-90,97
Years ended December 31, 1946-48
102
Losses charged off on:
According to size of banks (deposits), year ended December
31, 1948
101
Year ended December 31, 1948, by States and Federal Reserve districts
93-94, 98
Years ended December 31, 1929-48
105
Real estate loans of, December 31, 1948, by States
134-135
State and private banks:
December 31, 1948, classification of by
States
142-143,150-151,156,160

Losses. (See Earnings, expenses, and dividends of national banks; Failures of banks.)
Mergers. (See Consolidations of banks.)
Municipal bonds. (See Investments of banks.)




196

INDEX

Mutual savings banks:
Page
Assets and liabilities of: December 31, 1948, by States
154-157
Insured, December 31, 1948
13
Uninsured, December 31, 1948
13
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, 1948
170,174-181
Outstanding December 31, 1948
12
National Bank Examiners. (See Examiners and assistant examiners.)
National banks:
Affiliates of, number December 31, 1948
16
Assets and liabilities of:
Call dates in 1948, by States
35-S8
December 31, 1948, by States
130-137
Principal items of, according to size of banks (deposits), December 31, 1947 and 1948
31
Principal items of, June 30 and December 31, 1936-48
167
Branches. (See Branches of national banks.)
By size of banka, on basis of deposits, December 31, 1947 and 1948. . . .
31
"Calls" for reports of conditions of, dates, 1914-48
33
Capital stock. (See Capital stock of banks.)
Charters granted, in year ended December 31, 1948
24-25
Consolidations. (See Consolidations of banks.)
Conversions of State banks to, in year ended December 31, 1948,
list of
25
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.)
Holding company affiliates of, number, December 31, 1948
16
Insolvent. (See Failures of banks.)
Investments. (See Investments of banks.)
Liquidation of, in year ended December 31, 1948
11-12,16,26
Loans and discounts. (See Loans and discounts of banks.)
Number of:
Call dates in year 1948, by States
35-88
Chartered and closed:
1935-48
24
Since February 25, 1863
23
In existence December 31, 1948, by States
23
June 30 and December 31, 1936-48.
167
With surplus fund equal to or exceeding common capital stock
1942-48
32
With surplus fund less than common capital stock 1942-48
32




INDEX

197

National banks—Continued
Paee
Officers and employees, number and salaries of:
By size of banks (deposits), calendar year 1948
100-101
Year ended December 31, 1948, by States and Federal Reserve
districts
91-92,97
Years ended December 31, 1946-48
102
Reports required from, in year ended December 31, 1948
15-16
Trust Functions. (See Fiduciary activities of national banks.)
United States Government securities owned by. (See United States
Government securities.)
Officers and employes of national banks:
Number and salaries of:
By size of banks (deposits), calendar year 1948
100-101
Year ended December 31, 1948, by States and Federal Reserve
districts
91-92, 97
Years ended December 31, 1946-48
102
Organization of national banks:
Charters granted, which were conversions of State banks, in year
ended December 31, 1948
25
Charters granted, in year ended December 31, 1948, list of, by States. . 24^25
Number and authorized capital of, 1935-48
24
Number of, by States, from February 25, 1863, to December 31, 1948. .
23
Summary, in year ended December 31, 1948
11-12
Per capita demand and time deposits of individuals, partnerships, and
corporations, in all active banks, December 31, 1948, by States
162-163
Personnel. (See Comptroller of the Currency, Office of.)
Population, United States, December 31, 1948, by States
121-123
Possessions:
Assets and liabilities of banks in:
All banks, December 31, 1948
121-129
Banks other than national, December 31, 1948
138-153,158-161
National banks, call dates in 1948
38, 48, 84
National banks, December 31, 1948
13(M37
Earnings, expenses, and dividends of national banks in, year ended
December 31, 1948
89-96
Per capita demand and time deposits of individuals, partnerships,
and corporations, of all banks in, December 31, 1948
162-163
Postal savings.
(See Deposits.)
Private Banks:
Assets and liabilities of: December 31, 1948, by States
158-161
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, 1948.
15-16




198

INDEX

Reserve with Federal Reserve banks. (See Assets and liabilities of banks.) Pase
Salaries and wages of officers and employees of national banks. (See
Earnings, expenses, and dividends of national banks.)
Savings banks. (See Mutual savings banks.)
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,
1948
164-165
State commercial banks:
Assets and liabilities of: December 31, 1948, by States
146-153
Insured, December 31, 1948
13,164-165
Member banks of the Federal Reserve System, December 31, 1948. . 13, 164-165
Nonmember banks of the Federal Reserve System, December 31,
1948
13,164-165
Suspensions. (See Failures of banks.)
Uninsured, December 31, 1948
13,164-165
Stock savings banks. (See State commercial banks.)
Supervisors of State banks, name and title of, in each State, December
31, 1948
164-165
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, 1945-48
8
Trust companies. (See State commercial banks.)
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, 1948, by States.
121-123
December 31, 1948, by classes of banks
119
June 30 and December 31, 1936-48
166
National banks:
By size of banks (deposits), December 31, 1947 and 1948
31
Call dates in 1948, by States
35-88
;...
December 31, 1948, by States
130-131
June 30 and December 31, 1936-48
167
State and private banks:
December 31, 1948, by States
138-139, 146-147, 154, 158
June 30 and December 31, 1936-48
168
Voluntary liquidation of national banks. (See Liquidation of national
banks.)