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NINETY-SEVENTH
ANNUAL REPORT
OF THE

Comptroller of the Currency




1959

WASHINGTON : 1960

TREASURY DEPARTMENT

Document No. 3216
Comptroller of the Currency

For sale by the Superintendent of Documents, U.S. Government Printing




Washington 26» D.O» - Price $1.75

LETTER OF TRANSMITTAL

TREASURY DEPARTMENT,
OFFICE OF THE COMPTROLLER OF THE CURRENCY,

Washington, D.C., May 18, 1960.
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 1959.
Respectfully,
SIRS:

RAY M.

GIDNEY,

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




HE

ANNUAL REPORT
OF THE

COMPTROLLER OF THE CURRENCY
STATUS OF NATIONAL BANKING SYSTEM

On December 31, 1959, total assets of the 4,549 banks supervised
by the Comptroller of the Currency were $133.3 billion. Their
relative position was slightly increased to 46.9 percent of the banking
assets in the commercial and savings banks of the Nation, and 54.3
percent of the commercial banking assets. Commercial banks numbering 8,917 which are supervised by the respective State banking
authorities held assets of $112.1 billion, and 518 State-chartered and
supervised mutual savings banks had assets of $38.9 billion. For all
commercial and mutual savings banks, assets were $284.4 billion, an
increase of $6.5 billion for the year as shown in the following table.
All operating banks—continental United States and other areas
[Dollars in millions}

Type of bank

Members of both the
Federal Reserve System and Federal
Deposit Insurance
Corporation
Number

National banks
State commercial banks...
Mutual savings banks
___
Total

Total
assets

Members of Federal
Deposit Insurance
Corporation only

Number

Total
assets

Not members of Federal Reserve or Federal Deposit Insurance Corporation

Number

Total
assets

1 4,546
2 1,684

$133,151
72,545
31

» 6,882
»265

$174
37,553
31,712

4 351
<250

$1,992
7,200

6,233

205,727

7,150

69,439

601

9,192

13

Recapitulation
Number
National banks __
State commercial banks
Mutual savings banks ..
Head offices .
Branches
Total banking offices.

1

_

Branches

Total
assets

Increase
for 1959

4,549
8,917
518

4,798
4,694
447

$133,325
112,090
38,943

$3,821
1,493
1,164

13,984
9,939

9,939

284,358

6,478

23,923

1
Supervised by Comptroller of the Currency. (Includes 7 nonnational banks in the District of Columbia,
4 member and 3 nonmember insured banks with 30 branches.)
a Supervised by State banking departments and the Federal Reserve System. (Includes 1 member
nondeposit trust company.)
• Supervised by State banking departments and Federal Deposit Insurance Corporation.
* Supervised by State banking departments only.




REPORT OF THE COMPTROLLER OF THE CURRENCY

Growth of Financial Institutions
Commercial bank assets increased $5.3 billion during 1959 as compared to $16.1 billion in 1958 and $5.4 billion in 1957. During the
past decade the average annual growth of commercial bank assets
was $8.7 billion per year. The growth of financial institutions during
the past 10-year period was at a rapid rate, with the most rapid
growth occurring in those organizations which have been in a position
to offer more attractive savings interest rates because of their favorable tax status and lower liquidity requirements. Relative growth
by classes during the past 10-year period is presented in the following
table.
Financial institutions
[Total assets]
[Dollars in millions]
Dec. 31,
1949
Commercial banks
Mutual savings banks
Savings and loan associations
Federal and State chartered credit unions.

$158,550
21,493
14,622
827

Dec. 31,
1959
$245,415
38,943
63,472
*4,347

Percentage of
increase
54.8
81.2
334.1
425.6

i Data as of Dec. 31, 1958.

Status of National Banks
During 1959 the number of operating national banks changed from
4,585 at the close of 1958 to 4,542, a net reduction of 43 banks. This
may be compared with reductions of 42 such banks in 1958, 32 in
1957, 41 in 1956, 96 in 1955, and 68 in 1954. Although the number
of banks in the national banking system has continued to decrease,
the upward trend in total assets prevails. Their total assets were
$132.6 billion at the end of 1959, a gain of $3.8 billion, or nearly 3
percent, over the total of $128.8 billion at the close of 1958. In 1959
the national system absorbed 48 State banks by means of consolidation, mergers, takeovers, and conversions, and through like routes 29
national banks went into the State banking systems. The net result
of these changes was $877.8 million of assets entering the national
banking system, with the remainder of the $3.8 billion expansion in
the total assets accruing through normal growth.
With the exception of a few banks, which are receiving appropriate
supervisory attention, the national banking system continues in
excellent condition in the light of competence of management, soundness of assets, adequacy of capital funds and reserves, and capacity to
earn, which are the basic factors that are considered in making the
determination.
Deposits
Deposits in the national banking system continued their upward
trend from $117 billion at the end of 1958 to $119.6 billion at the close
of 1959, a gain of $2.6 billion, or 2.2 percent, during the year. Of
the gain $1.2 billion, or 46.1 percent, occurred in time deposits.



REPORT OF THE COMPTROLLER OF THE CURRENCY

3

The total deposits of national banks and the average effective rate
of interest paid on time and savings deposits are set forth below for the
years 1955 through 1959.
[Dollars in millions]
Dec. 31,
1955

Total deposits

Demand
Time and savings#
Total
#Interest paid
Average rate (percent)

__.

Dec. 31,
1956

Dec. 31,
1957

Dec. 31,
1958

Dec. 31,
1959

$76,894.6
27,323.4

$79,027.5
28,467.3

$77,881.0
31,555.3

$81,351.8
35,734.3

$82,703.1
36,934.6

104,218.0
374.0

107,494. 8
437.0

109,436.3
636.0

117,086.1
762.3

119,637. 7
866.7

2.02

2.13

2.35

1.54

1.37

Loans
Gross loans and discounts of the national banking system at the
end of 1959 were nearly $61.2 billion, an increase of $7.3 billion over
the $53.9 billion reported at the end of 1958. After deducting bad
debt and other valuation reserves of $1.2 billion, net loans at the end
of 1959 were $60 billion as compared to $52.8 billion at the close of
1958, or a gain of $7.2 billion or 13.57 percent. The major segment
of the composite portfolio, although decreased very slightly during
the year, continues to be the $22.3 billion of loans to commercial and
industrial type borrowers, or 36.4 percent of gross loans.
The value of the Nation's new construction activity rose spectacularly in 1959 to an aggregate of $54 billion, a gain of about $5 billion,
or 10.2 percent, over the total of $49 billion reported for 1958. Practically all of that gain was accounted for in private activity of this
kind, which reached a total of $38.3 billion in 1959, whereas in 1958
it amounted to $33.5 billion. During 1959 permanent nonfarm dwelling units started totaled 1,379,000, up 170,000 units, or 14 percent,
from the 1,209,000 units constructed in 1958.
The rise continued in the mortgage debt on nonfarm one to fourfamily properties. A national total of $131.2 billion was reached by
year end 1959, a gain of $13.5 billion over the $117.7 billion of such
loans at the close of 1958. Conventional loans at $11.1 billion continue to account for the largest segment of the $28.2 billion of mortgage
loans held by commercial banks at the end of 1959. The farm mortgage debt rose from $11.2 billion at the end of 1958 to $12.2 billion at
the close of 1959, a gain of $1 billion, or about 9 percent.
Each national bank is limited by law for investment in real estate
mortgage loans, with the principal exceptions of FHA insured loans
made under section 203 of the National Housing Act, as amended,
and loans insured or guaranteed to the extent of at least 20 percent
by the Veterans' Administration, to an aggregate amount not in
excess of 60 percent of its time and savings deposits, or 100 percent of
its capital and surplus, whichever is the greater. The exception
pertaining to section 203 FHA loans is a part of Public Law 86-372,
approved September 23, 1959, and it enlarged the conventional real
estate mortgage lending capacity of the national banking system to
the extent of the holdings of such loans.




4

REPORT OF THE COMPTROLLER OF THE CURRENCY

At the close of 1959 FHA insured loans on residential properties
totaled $3.9 billion. The $9.4 billion of real estate mortgage loans
which are subject to the aggregate limitation equal 25.4 percent of
the $36.9 billion of time and savings deposits held by the national
banking system. The system has a conventional real estate mortgage
loan capacity of $22.2 billion, based upon 60 percent of time and
savings deposits. Thus 58.0 percent of that capacity remained available at the close of 1959.
National banks held loans secured by real estate at the end of the
years 1958 and 1959 as follows:
[In millions of dollars]

Type

Conventional—residence.
____
Conventional—other properties
.
^onv6Titionftl—farm
Insured—Federal Housing Administration
_
_
Insured or guaranteed—Veterans' Administration
Total

Dec. 31,
1958

Dec. 31,
1959

Dollar increase, decrease —

4,790
2,904
562
3,470
1,988

5,459
3,326
604
3,917
1,864

669
422
42
447
-124

13,714

15,170

1,456

Although 1958 closed as the first year since 1943 to show a reduction in the Nation's installment debt, the marked gain of $5.4 billion
in 1959 matched the record year of 1955 and raised the total at the
close of 1959 to $39.5 billion. The Nation's consumer debt (installment debt plus noninstalhnent debt in the form of single payment
loans for the purchase of consumer goods, charge accounts, and debt
incurred to pay for services rendered) also rose to a new high of $52
billion, up $6.4 billion from the $45.6 billion total at the close of 1958.
Automobile loans continued to constitute the largest single segment
of installment credit and stood at $16.6 billion at the year end, showing
a gain of $2.4 billion in 1959. Every other type oi installment and
noninstallment consumer debt also increased during the year.
National bank holdings of consumer loans at the close of 1959
totaled $13.5 billion and amounted to 22 percent of the composite
loan portfolio. Of the total installment type debt so held, automobile loans amounted to $4.5 billion, a gain of $715.3 million over
the prior year end, and constituted 47 percent of aggregate holdings
of installment consumer paper. The same percentage relationship
prevailed at the close of 1958.
Annual reports for several recent years have included data on
delinquencies and policies governing the terms under which installment type loans are made to finance purchases of new and used
automobiles. This information, tabulated from reports of examination of national banks made each year, has been regarded as
indicative of lending policies and practices even though the banks
were not examined as of a common date. Only minor changes have
occurred since the study began on September 1, 1955, and sound
credit standards continue to prevail. Generally and with few exceptions the terms of installment loans made by national banks to
finance the purchase of new automobiles are held within the bounds
of 25 percent or larger downpayment, with maturities ranging from



REPORT OF THE COMPTROLLER OF THE CURRENCY

5

24 to 36 months. On used automobiles of recent manufacture
(1 to 4 years), one-third or more downpayment is usually required,
with maturities of 18 to 24 months. Delinquencies continue to
represent only a minor proportion of outstandings.
In the field of credit, recently developed forms of lending and
financial services have been gaining in popularity. One is "check
credit," the granting of a revolving line of credit to a borrower, who
may draw against it by writing a check or checks up to the open
amount of the credit. The borrower is to make monthly payments
over a predetermined period of time, which include a charge of an
agreed percentage of the outstanding loan balance plus a charge for
each check drawn. This type of service permits the borrower to
have at his disposal a certain amount of credit which he may use in
accordance with his needs.
"Charge account credit" is a service which may be provided through
a bank's discounting of retail merchants' sales slips, of invoices which
are drawn in the form of a bill of exchange and signed by the purchaser, as obligor. The purchaser, whose credit for this purpose has
been previously passed upon by the bank, is billed monthly for the
unpaid total of his sales slips discounted by the bank. Under this
service the merchant receives immediate credit for his sales, and the
customer may receive a single bill each month for his purchases at a
number of stores. The discount received on the obligations so acquired compensates the bank for its services in providing credit,
bookkeeping, and the billing of customers.
"Inplant" or "at work" financial service for employees in offices,
plants and stores offers a convenient means whereby the employees
may cooperate with each other and with their employers to arrange
for forwarding applications for loans to a bank or banks, for salary
allotments to make deposits or payments on personal, consumer,
home improvement, and other types of loans, and for other services.
Several plans of this kind are in use, all designed so that the employer's
personnel may assist other employees in obtaining these financial
services from a commercial bank without having to leave the premises
where employed. Loan application forms are obtainable from the
employer, to be filled out and mailed or delivered by other method to
the bank for processing there for credit of the proceeds to the individual's account.
Many national banks now offer their installment credit borrowers
"credit life insurance," which would extinguish the borrower's obligation to the bank if he were to die before completion of all of his
installment payments. In this connection we have taken the position
that a bank has an insurable interest in the lives of its borrowers to
the extent of the amount of the unpaid balance of their loans.
Another service which is growing in popularity provides for the
sale of registered checks or money orders to the public under an
arrangement with retail merchants or others. Suitable agreements
cover the procedure and operation of the plan, the duties of parties,
the division of the fees charged for the checks sold, and matters of
liability for loss of funds, provision for stopping payment of checks,
and reimbursement for checks not used by customers. For national
banks, the Comptroller of the Currency has taken the position that



6

REPORT OF THE COMPTROLLER OF THE CURRENCY

In States where the seller is not required to be licensed or an agent of
the bank, the seller should be the agent of its customer rather than of
the bank, and the customer should be informed of this relationship.
The bank should not be obligated to honor any check before it has
received funds for that check from the seller.
In States which have enacted legislation which requires the seller
of registered checks to be licensed or to be an agent of the bank, a
national bank may appoint the seller as its agent for the purpose of
selling registered checks or money orders.
Liquidity
Measured on the basis of the $59.2 billion aggregate of ca,sh, balances with other banks, including reserve balances and cash items in
process of collection, and obligations of the United States held in
relation to total deposits of $119.6 billion at the year end, the national
banking system was 49.5 percent liquid compared to 53.5 percent at
the close of 1958. Such assets equaled 71.6 percent of demand
deposits compared to 77 percent at the close of 1958. The following
tables show the liquidity of the national banking system over the
past 10 years as measured in terms of cash assets and obligations of
the United States less borrowings as related to total deposits.
Basic liquidity of the national banking system
[In millions of dollars]
Cash and
balances
with other
banks
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959.

23,813. 4
26,012 2
26,399.4
26, 545. 5
25,721 9
25,763 4
27.082.5
26,865.1
26.864 8
27,464 2

_
_

_

_

U.S. Gov- Bills payernment
able and
obligations rediscounts
35.691.6
35,156. 3
35,936 4
35,588 8
39,507. 0
33,690. 8
31,680.1
31,338.1
35,824 8
31, 761.0

76.6
15.5
75.9
14 9
11.1
107. 8
18.7
38 3
43.0
340.4

Net

59,428.4
61,153. 0
62,259.9
62,119. 4
65.217.8
59,346. 4
58,743.9
58,164. 9
62.646. 6
58,884. 8

Deposits

89,529. 6
94.431.6
99.257. 8
100,947. 2
106,145. 8
104,218 0
107. 494. 8
109.436. 3
117,086. 1
119,637.7

Percent of
coverage
66.38
64.76
62 73
61. 54
61.44
56.94
54.65
53.15
53.50
49.22

Short term liquidity of the national banking system
[In millions of dollars]
Treasury
bills
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959

_
_




2,414.0
4,496 1
4.486 1
2.575.9
2.906 1
2,014 5
2,8^8.1
2,491 8
3,122. 6
3,006.1

Treasury Cash and
certificates balances
of indebt- with other
edness
banks
1,095.9
4,156. 4
3,073 1
5,810.9
2,993 0
1,265 5
1.051.0
2,478 7
3,633 1
1,202. 3

23,813.4
26,012. 2
26.399. 4
26, 545. 5
25, 721.9
25, 763 4
27,082 5
26,865.1
26,864 8
27, 464.2

Total

Deposits

27.323.3
34,664. 7
33.958 6
34,932 3
31,621.0
29,043 4
30,941. 6
31,835. 6
33,620. 5
31, 672. 6

89,529.6
94.431.6
99,257 8
100,947. 2
106.145.8
104, 218.0
107,494 8
109,436 3
117,086. 1
119,637. 7

Percent of
coverage
30.52
36.71
34.21
34.60
29.79
27.87
28.78
29.09
28 71
26.47

REPORT OF THE COMPTROLLER OF THE CURRENCY

7

There are numerous formulas for computing bank liquidity and
many views as to the proper relationship of the several kinds of
liquid assets to the various types of deposit accounts, and deposit
turnover or velocity of activity. Many formulas have been studied
by the Comptroller's staff. Thus far none has been found to be
universally reliable in determining the exact relationship that should
be maintained in every bank. It has been observed that country
banks having about equal proportions of demand and time deposits,
exclusive of hypothecated deposits and accounts representing
accumulated payments on loans, seldom borrow if the total of their
cash, amounts due from banks, and 1-year bond maturities equals 25
percent of their total deposits so adjusted. It has been observed
further that this percentage ranges down to 20 percent, decreasing
proportionately as the volume of time deposits approaches 100 percent
of total deposits, and upward proportionately to 30 percent as the
volume of demand deposits approaches 100 percent of deposit liabilities. In converting these observations into test computations, the
total of cash, its equivalent, and U.S. Government obligations is
augmented by other liquid assets such as open market commercial
paper, bankers' acceptances, and brokers' call loans that may readily
be converted to cash without regard to the condition of the money
market and without disrupting the local economy as might be the
case should loans to the bank's regular customers be called to meet a
need for cash. On the other hand, the bank's borrowings, if any, are
deducted from its liquid assets of the types described above.
Obviously the problem of practical liquidity is complex and its
solution generally involves both short and long-range planning of
asset composition, with a loan and investment maturity pattern
shaped to fit the bank's needs as related to the character of its deposits
and their activity. It is emphasized that this type of computation is
only a test that has been helpful in determining whether further
analysis into liquidity factors should be made in reviewing reports
of examination.
Investment Accounts
The year 1959 revealed a net decline of $4.1 billion in the U.S;
Government holdings of national banks. The funds realized from
this source were used in the $7.2 billion expansion of loans. The
total of all other bonds remained practically unchanged. Maturities
are concentrated on the short side as may be seen by reference to
the tables below.
The practice of taking bond profits in one year and losses in another
because of income tax considerations continues to be favored by banks




8

REPORT OF THE COMPTROLLER OF THE CURRENCY

and in 1959 a net loss of $440.4 million was absorbed. For comparative purposes data is provided below showing bond losses and
recoveries for the past 6 years.
Recapitulation by maturities
(U.S. bonds as of Dec. 31,1959; municipal and other bonds as of most recent examination r e p o r t s unadjusted)
[In millions of dollars]

General
obligation
U.S. bonds municipal
bonds

Special
revenue
municipal
authority
and
corporate
bonds

Total

*8,209
16,460
5,579
1,476

Total

999
2,703
2,401
1,300

1,102
554
491

10,097
20,265
8,534
3,267

31,724

Up to 1 year
Over 1, not over 5 years. _
Over 5, not over 10 years.
Over 10 years

2 7,403

3 3,036

* 42,163

1 Includes $402 million of nonmarketable U.S. bonds.
2 Includes $1,556 million of general obligations of States and $642 million of housing authority obligations.
»Includes $1,231 million of special revenue municipal authority obligations and $1,045 million of Federal
corporation (not guaranteed) bonds.
* Actually $42,351 million on Dec. 31,1959.

Maturity position of U.S. bonds
[In millions of dollars]
U.S. bonds
Dec. 3lf 1955 Dec. 31, 1956 Dec. 31, 1957 Dec. 31, 1958 Dec. 31, 1959
Up to 1 year
Over 1, not over 5 years.
Over 5, not over 10 years.
Over 10 years

4,940
14,042
11,951
2,754

7,965
15,959
4,710
2,702

8,718
17,949
6,632
2,522

8,209
16,460
5,579
1,476

33,687

Total

7,220
15,143
6,321
2,992
31,676

31,336

35,821

31,724

Results of bond activity
[In millions of dollars]
Year
1954.
1955
1956.
1957
1958.
1959

_




Profits
244.9
35.9
11.4
31.1
353.1
24.8

Recoveries
9.3
15.8
13.0
5.8
12.4
18.3

Losses
49.5
152.8
239.0
151.2
67.5
483.5

Net profit
204.7

298.0

Net loss

101.1
214.6
114.3
440.4

REPORT OF THE COMPTROLLER OF THE CURRENCY

9

Capital Structure
As of December 31, 1959, the 4,542 national banks had capital,
surplus, undivided profits and reserves of $10.3 billion and their reserves for bad debts and other valuation reserves on loans totaled $1.2
billion, making an aggregate of capital funds and reserves of $11.5
billion. The combined capital structures increased $779 million during
1959 compared to a $667 million increase in 1958. Of this, $131 million
represented proceeds from the sale of additional common stock by 262
national banks. In addition, the shareholders of 484 national banks,
with the approval of the Comptroller, authorized the payment of stock
dividends having a par value of $113 million. During the 10-year
period from January 1, 1950, to December 31, 1959, 1,901 national
banks strengthened their capital structures $1,463 million through the
sale of additional common stock.
The combined capital structures of national banks represent 9.6
percent of their deposit liability and 8.6 percent of total assets.
Gross assets at the year-end, without deduction of reserves for bad
debts and valuation reserves, were $133.8 billion. After deducting
$64.8 billion, representing cash or its equivalent, U.S. Government
obligations, and loans or portions of loans guaranteed or insured by
Federal Government agencies, the remaining $69 billion of the national
banking system's resources was placed in loans, municipal and corporate bonds, and other assets. To support each $6 invested in these
types of assets there is held $1 of capital funds and reserves ($5.78 at
the close of 1958, $5.80 at the close of 1957, and $5.88 at the close of
1956).
Reports of examination by national bank examiners indicate that
the volume of assets containing substantial and unwarranted degrees
of risk is very moderate when measured against the protection afforded
by the proprietary funds of national banks.
Earnings and Net Additions to Reserves
The national banks paid a total of $2,888 million in salaries and
wages, taxes, and interest on deposits in 1959. Salaries and wages
amounted to $1,372 million, of which $899 million went to 258,746
employees, $449 million was paid to 47,825 officers, and fees to
directors accounted for $24 million. National banks paid $482
million in Federal income taxes, $24 million in State income taxes,
and $143 million in various local taxes, for a total tax payment of
$649 million. Interest on savings and other time deposits of $867
million approximated 2.35 percent on total time deposits of $36.9
billion outstanding at the year end, compared to $762 million interest
paid in 1958 on year-end time money of $35.7 billion, which approximated 2.13 percent.
The sources and disposition of the income dollar of all national banks
in 1959 is shown by the following illustration.




NATIONAL BANKS — 1959
SOURCE AND DISPOSITION OF THE INCOME DOLLAR
(In millions of dollars and percent of one dollar)

DISPOSITION

SOURCE

O

Interest on
other bonds
$291.2 — 6%

13
O

o

Interest on loans
$3,187.4 — 62%

H
O

Interest on U.S.
obligations
$923.6 — 18%

Total earnings from current operations
Total source




$5,183.1
5,183.1

* Reserve for bad debts (tax free)
Valuation reserve — Loans
Valuation reserve — Bonds
Retained earn'mss
Expenses, dividends and net losses
Total disposition

$122.7
13.8
-92.3
377.5
421.7
4,761.4
5,183.1

11

REPORT OF THE COMPTROLLER OF THE CURRENCY

Net earnings from current operations in 1959 rose 18 percent above
the 1958 figure of $1,568.7 million to $1,844.8 million. Gross income
rose to $5,183.1 million, $644.2 million above 1958 results, and outpaced the greater cost of doing business which was noted particularly
in wages and higher rates of interest paid on an enlarged volume of
time money.
Actual losses on loans, bonds, and other assets, recoveries on assets
previously charged off, and bond profits, resulted in a net reduction
in profits of $493.8 million. This was due to net losses on the sale of
securities amounting to $440.4 million, and $53.4 million of losses on
various other types of assets. Income taxes of $506.5 million
amounted to 41.2 percent on taxable income of $1,228.3 million. The
latter figure consists of net operating income of $1,844.8 million, less
the above-mentioned $493.8 million of net losses, less $122.7 million
net increase in initially tax-free bad debt reserves.
After the payment of taxes net profits before dividends for all
national banks in 1959 wrere $800.3 million, compared to $889.1
million in 1958, a decline of 10 percent. The figure given is exclusive
of $44.3 million of both taxable and initially nontaxable earnings
transferred to effect a net increase in bad debt and valuation reserves.
The sum of such net profits and net additions to reserves is equivalent
to 8.2 percent of year-end capital accounts, down from 11.4 percent
the preceding year. Cash dividends of $422.9 million (4.1 percent of
year-end capital accounts) were paid to shareholders, as compared with
$393 million in 1958. Net earnings retained, including net additions
to reserves, amounted to $121.7 million, compared with $709.3 million
retained in 1958.
Set forth below is a 5-year schedule of earnings, expenses, dividends,
etc., per $100 (1) of assets and (2) capital funds.
Earnings, expenses, etc., of national banks for the years ended Dec. 81, 1955, 1956
1957, 1958 and 1959
[In dollars.* Indicates amounts in millions]
1955
*Total assets at close of year
•Total capital accounts at close of year
*Oross earnings
Per $100 of assets
Per $100 of capital funds
•Gross expenses.
Per $100 of assets. _
Per $100 of capital funds
*Net earnings from operations
Per $100 of assets
.__
Per $100 of capital funds
*Net asset losses or recoveries (including
l
bond profits, etc.)
Per $100 of assets
Per $100 of capital funds
*Taxes (income)._
Per $100 of assets
Per $100 of capital funds
•Net profits before dividends
Per $100 of assets..
Per $100 of capital funds
•Cash dividends
Per $100 of assets
_
Per $100 of capital funds
•Retained earnings
Per $100 of assets
Per $100 of capital funds
1

1956

1957

1958

113,750
7,936
3,437
3.02
43.31
2,105
1.85
26.53
1,332
1.17
16.78

117,702
8,472
3,833
3.26
45.24
2,336
1.99
27. 57
1,497
1.27
17.67

120, 523
9,093
4,284
3.55
47.11
2,707
2.25
29.77
1,577
1.31
17.34

128,797
9,669
4,539
3.52
46.94
2,970
2.30
30.71
1,569
1.22
16.23

132,636
10.302
5,183
3.91
50.31
3,338
2.52
32.40
1,845
1.39
17.91

-275
-.23
-3.25
432
.37
5.10
79C
.67

-180
-.15
-1.98
545
.45
5.99
852
.71
9.37
364
.30
4.00
2
488
.40
5.37

+224
+.17
+2.31

-494
-.37
-4.80
506
.38
4.91
845
.64
8.20
423
.32
4.11
2 422
.32
4.10

-154
-.14
-1.94
446
.39
5.62
732
.64
9.22
310
.27
3.90
2 422
.37
5.32

3.89
.39
5.43

690
.54
7.14
1,103
.85
11.40
393
.30
4.06
2 71C
.55
7.34

1959

Exclusive of transfers to and from reserve for bad debts and other valuation reserves on loans and
securities but including net losses charged to these reserves.
2
Includes funds transferred to reserve for bad debts and valuation reserves less the amount of assets
charged off against such reserve accounts. Includes $89 million in 1955, $143 million in 1956, $121 million in
1957, $213 million in 1958, and $44 million in 1959 transferred to effect a net increase in reserves for bad debts
and valuation reserves. (Taxes would have absorbed a portion of these amounts had the transfers not
been made.)




12

REPORT OF THE COMPTROLLER OF THE CURRENCY
Bad Debt Reserves

Bad debt reserve accounts aggregated $1,137, 094, 000 at the close
of 1959 in the 2,884 national banks which were then using the reserve
method of accounting for income tax purposes. Those national
banks held loans aggregating $57,762,698,000 (94 percent of loans
totaling $61,163,850,000 owned by all national banks at the end of
the year) and the bad debt reserves equalled 1.97 percent of such loans.
There was a net increase of $122,743,000 in bad debt reserve
accounts during the year in those national banks which had such
accounts on December 31, 1959. The net increase was accomplished by transfers and recoveries credited to these reserve accounts
in the respective total amounts of $153,699,000 and $44,349,000, less
losses of $68,391,000 and withdrawals of $6,914,000.
Branch Banking
A record number of applications for de novo branches was filed
with the Comptroller by national banks during 1959. The applications numbered 691, representing a 40 percent increase as compared
to the number received during 1958, and exceeding by 159 applications
the previous record of 532 received in 1955.
The following represents the disposition of the 691 branch applications received during 1959:
Number
Approved (primary approvals of applications for permission to establish
branches)
Rejected
Withdrawn
__
In process of investigation and study
._
_
Total

Percentage

419
124
44
104

61 0
18.0
6.0
15.0

691

100.0

In 1959, certificates of authorization for the establishment and operation of 456 branches were issued, including 12 which had not yet
opened for business on December 31, 1959. Seven branches which
were authorized in 1958 did not open for business until 1959. This
resulted in 451 branches opening for business during 1959. During
this same period of time changes took place in existing branches, and
at year-end there were 4,798 branches, including four seasonal agencies,
being operated by 811 of the total 4,542 active national banks, and
seven nonnational banks in the District of Columbia, reconciled as
follows.




REPORT OF THE COMPTROLLER OF THE CURRENCY

Alabama
Alaska.
Arizona
„
Arkansas
California
Connecticut
Delaware
District of Columbia..
Georgia
Hawaii.
Idaho
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts...
Michigan
Minnesota
Mississippi
Missouri
Nebraska
Nevada
New HampshireNew Jersey
New Mexico
New York
North Carolina_
North D a k o t a . . Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Utah
Vermont
Virginia
Washington
Wisconsin
Virgin Islands
Total _

Branches in
operation
Dec. 31,1953

Branches
opened for
business
during 1959

Existing
branches
Branches in
discontinued
operation
or consoliDec. 31,1959
dated during
1959

50
11
104
8
1,077
76
1
55
40
24
66
124
7
53
83
35
57
167
174
2
6
17
21
19
21
208
19
385
86
1
264
8
142
375
47
87
23
102
37
16
106
222
16
1
4.401

62
15
109
12
1,143
87

3
1
1
14
6
39
14

OCOi

State

13

3

2

14
1
1
10
14

451

2

3

»59
45
25
66
155
4
8
63
85
39
63
192
183
6
20
1
1
20
1
220
25
418
92
1
286
10
152
434
48
88
23
116
38
17
113
236
16
1
4,798

1
Includes 30 branches in operation by 6 nonnational banks in the District of Columbia under the supervision of the Comptroller of the Currency.
2 Established prior to enactment of McFadden Act, Feb. 25,1927.

The increased number of branch offices established during 1959 is
largely attributable to the increasing population in suburban areas,
requiring new or additional banking services. Traffic congestion and
parking problems continued to prompt applicant banks to provide
drive-in facilities, and 127 of the 451 branches opened for business
during 1959 provided for this type of service. Branch offices were
established in 61 communities without previous banking service.

551461—GO——2




14

REPORT OF THE COMPTROLLER OF THE CURRENCY

Branches opened for business during 1959 were distributed among
areas with various population density, and established by banks of
various sizes, as follows:
In
In
In
In
In

suburban areas of large cities
cities with population less than 5,000
cities with population from 5,000 to 25,000
cities with population from 25,000 to 50,000
cities with population over 50,000

28
101
131
38
153

Total

451

By banks with less than $10MM total resources
By banks with total resources of $10MM to $25MM
By banks with total resources over $25MM

68
49
334

Total

451

In addition to reflecting the number of all banking units in relation
to population and total banking resources, the following tabulation
briefly summarizes the current status of branch banking statutes of
States, the District of Columbia, and possessions of the United States.
Number

State

of all
banks

Number
of all
branches

Total
banking
units as of
Dec. 31,
1959

Total
N u m b e r of
all banking banking
resources
units in
relation to (in millions
population: of dollars)
1 per—

States permitting statewide branch
banking:
Alaska _
Arizona
California
Connecticut
Delaware .
v District of Columbia
Hawaii
Idaho _
Louisiana

_

Jviaine
^Maryland
_ __
Nevada
S North Carolina
Oregon
Rhode Island

/ South Carolina
Utah
Vermont
Washington

______

_

Total____
States permitting branch banking within
limited areas:
Alabama
Arkansas *
Georgia
_ _ __ .
Indiana
__ _
Iowa * 1
Kansas
Kentucky
Massachusetts

See footnotes at end of table.




18
9
115
73
20
12
11
32
187
54
140
7
192
53
9
145
49
57
87

18
145
1,515
184
52
59
73
80
159
119
213
34
448
179
88
128
65
32
262

36
154
1,630
257
72
71
84
112
346
173
353
41
640
232
97
273
114
89
349

5,300
8,200
9,100
9,5C0
6,4C0
12,0CO
8,0C0
6,0C0
9,3C0
5,5C0
8,7C0
7, C O
C
7,200
7,700
9,1C0
7, CCO
4,200
8,2C0

197
1,285
26,066
2,597
754
1,607
729
695
3,199
716
2,564
445
3,118
2,203
€84
1,113
1,037
435
2,686

1,270

3,853

5,123

8,4C0

52,730

71
40
79
272
172
15
129
350

308
276
480
722
843
608
487
518

10,500
6,3C0
8,100
6,500
3,4C0
3,6C0
6,5C0
9,6C0

2,222
1,367
3,154
5,033
3,358
2,510
2,533
5,989

237
236
401
450
671
593
358
168

8, eco

REPORT OP THE COMPTROLLER OF THE CURRENCY

Number

State

of all
banks

Number
of all
branches

15

Number of
Total
Total
banking all banking banking
units in
resources
units as of
Dec. 31, relation to (in millions
population: of dollars)
1959
1 per—

States permitting branch banking within
limited areas—Continued
Michigan
Mississippi
Missouri L
Nebraska 1 .. __
New Jersey
New Mexico
_
New York
North Dakota 1
Ohio
Oklahoma 1
____
_
Pe nns y 1 van ia
South Dakota
/Tennessee.
Wisconsin
Total
States prohibiting branch banking, or
with no laws regarding branch banking:
Colorado
__ _
Florida
Illinois
_
._
Minnesota
Montana
New Hampshire 2
Texis
v West Virginia
Wyoming 2
Total

Canal Zone
Guam3

914
321
630
427
649
97
1,701
183
1,183
402
1,454
226
487
546
707

8,800
6,900
6,800
3,400
9,300
9,200
9,800
3,500
8,300
5,700
7,900
3,100
7,300
7,400
5,700

9,222
1,446
6,590
1,792
7,608
750
47,901
840
12,147
2,852
15,519
790
3,536
3,526
4,842

5,517

14,169

7,300

145,527

181
293
955
687
116
75
988
183
53

1

182
293
955
693
116
77
996
183
53

9,400
16,700
10,800
5,000
6,000
7,800
9,700
10,800
6,100

2,098
5,213
18, 550
4,479
»74
455
12,884
1,415
442

6
2
8

3,531

17

3,548

9,500

46,410

13,453

9,387

22,840

7,800

244,667

10
1
2

Total United States
Possessions:

531
128
7
1
391
45
1,286
27
595
14
732
53
190
237
152

8,652

"Virginia

383
193
623
426
258
52
415
156
588
388
722
173
297
309
555

104
1

114
1
3

20,600
21,000
8,000

22
27
665
3
31

13

105

118

16,500

748

13,466

9,492

22,958

7,900

245,415

3

Puerto Rico *
American Samoa
Virgin Islands

„_

Total possessions

_ _ __

_

Total—United States and possessions

1 State laws permit offices with limited powers only.
State laws silent regarding branch banking.
3 Figures represent foreign branches of banks in United States.
4
Figures include foreign branches of banks in United States.
2

NOTE.—Above figures do not include 518 mutual savings banks operating 447 branches with total resource s
of $38,943 million.

Applications To Organize National Banks
Seventy-nine applications to organize new national banks were
received during 1959. Preliminary approval was granted to 21 applications, 17 were disapproved, 8 were withdrawn or abandoned, and
33 continue under investigation and study. The 21 approved cases




16

REPORT OF THE

COMPTROLLER OF THE

CURRENCY

have resulted in, or are expected to result in, the organization of new
national banks in the following 10 States:
Number
of
approvals

State

California
Colorado
Florida
Georgia
^
Hawaii
Idaho
Illinois
Kentucky _
Louisiana
Maryland Missouri
Ohio
_ .
Oklahoma
Oregon
Texas
Virginia
Washington
Wisconsin

2

:

.

_

.

5
1
1

.

,

.

2
1

_
____ _
. .

. -

1
2

_5
1

Approvals
total
capital
structure

Banks
opened
total
capital
structure

Thousands

Number
of banks
opened

Thousands

$2 250
1
2
1
1
1

3,636
300
2,800
600
500

500
1 500
2,900
900

2
1
121

2 23

400
300
750
1,500
1,300

1
2
3
1
7

$400
1,310
300

15,886

500
3,500
1,100
350
11,710

» Approvals include 12 which actually opened for business in 1959. The remaining 9 had not completed
organization.
2 Includes 11 that were originally approved in 1957 and 1958, but did not open for business until 1959.

Information pertaining to the following factors, plus any peculiar
to a particular case, are studied prior to acting upon applications for
new charters.
A. Management
1. Character, experience and financial responsibility of the
proposed management.
2. Purposes of the organizers.
3. Proposed salaries of principal officers.
4. Personal history of each organizer, proposed director, and
proposed officer.
a. Previous and current borrowing record.
b. Years of banking experience.
c. Occupational background.
d. Personality, character, and general standing in the
community.
e. Financial statement.
B. Ownership
1. Concentrated or reasonably well distributed.
2. Consideration of principal shareholders other than organizers, proposed directors, and proposed officers.
C. Capital
1. Adequacy of capital structure in relation to estimated
deposits and assets.
2. Legality.
3. Adequacy in relation to competitive banks.
4. Relationship of capital funds to proposed fixed asset
investment.




REPORT OF THE COMPTROLLER OF THE CURRENCY

17

D. Earnings
1. Earnings prospects.
2. Availability of banking business to support the proposed
bank.
3. Three-year projection of earnings and expenses.
E. Convenience and needs
1. Economy and banking history of community.
2. Population and size of area to be served.
3. Future growth prospects of area.
4. Location of proposed bank in relation to—
a. Existing banking facilities.
b. Financial needs of immediate trade area to be served.
(Is area reasonably well or inadequately served by
existing banks and branches).
c. Would the bank require approval of branches in order to
to achieve desired growth.
5. Major type of loaning demands proposed bank expects to
serve.
F. Other
1. Recommendations of National Bank Examiner, District
Chief National Bank Examiner, Assistant Chief National
Bank Examiner, Chief National Bank Examiner, four
deputy comptrollers.
2. Recommendations from Board of Governors of the Federal
Reserve System and from the Federal Deposit Insurance
Corporation.
3. Pending applications for establishment of branches or new
banks in same area.
4. Protests against establishment of proposed bank.
5. Favorable comments made by parties outside the organizing group.
6. Sampling of local opinion regarding proposed bank.
Bank Consolidations, Mergers, and Sales
During 1959, the Comptroller approved 86 consolidations, mergers,
or cash absorptions as compared to 83 during 1958. In 1959, 78
national banks absorbed 46 national and 39 State banks. In addition,
one District of Columbia nonnational bank was purchased by a District of Columbia nonnational bank. Twenty-seven national banks
and 58 State banks were absorbed by other State banks as compared
to 68 such absorptions the previous year. The following schedule
contains details of the absorptions which occurred during 1959.




18

REPORT OF THE COMPTROLLER OF THE CURRENCY
Consolidations, mergers, purchases—1959

National banks consolidated or merged with and into 33 national banks
State banks consolidated or merged with and into 33 national banks
National banks purchased by 7 national banks
_
State banks purchased by 5 national banks
District of Columbia nonnational bank purchased by District of Columbia nonnational bank
..
_
Approved by Comptroller of Currency

85

43
19

47

_

National banks consolidated or merged with and into 25 State banks
National banks purchased by 2 State banks
_
_
State banks merged, consolidated or purchased by other State banks

171

394

1,307

_

296
2
2,083

___

Approved by State banking departments

2,381

Total banks absorbed

..

3,688

Conversions
Num- Resources
ber (in millions
of dollars)

Capital structure Cin millions
of dollars)

9
2

354.82
3.49

49.0—converted into 9 national banks.
0.5—converted into 2 State banks.

11

State banks converted into national banks..
National banks converted into State banks.

358.31

49.51.

i Reserves included in capital structure.

The shareholders of 73 national and State banks consolidated with
66 national banks received cash and book value stock from the 66
continuing banks aggregating $122,766,154 or $15,129,552 in excess of
the aggregate book value of assets which those banks contributed to
the consolidations. The excess amounted, on the average, to 1.39
percent of the aggregate deposits acquired by the continuing banks.
On an estimated fair value assumption basis, the shareholders of the
73 absorbed banks contributed assets having an estimated fair value,
in excess of liability to creditors, of $104,171,069 and received cash
and fair value stock of the continuing banks aggregating $117,129,583
or $12,958,514 in excess of the aggregate fair value of assets which
those banks contributed to the mergers or consolidations. The
difference is accounted for through an estimated or fair appraisal value
of fixed assets (bank premises, furniture, and fixtures), bond appreciation or depreciation, allowances for pension fund adjustments, excess
reserves for taxes, etc., and amounted on the average to approximately
1.19 percent of the aggregate deposits acquired by the continuing
banks.
The shareholders of 7 national banks and 5 State banks, which were
purchased by 12 national banks, and the shareholders of 1 District
of Columbia nonnational bank, which was purchased by a District
of Columbia nonnational bank, received $10,841,799 in cash or
$1,957,340 in excess of the selling banks' aggregate capital structures.
This amounted, on the average, to 1.97 percent of the selling banks'
deposits.



REPORT OF THE COMPTROLLER OF THE CURRENCY

19

In the 10-year period from January 1, 1950, to December 31, 1959,
the Comptroller's office approved the acquisition by national banks
of 397 national banks and 416 State banks through consolidation,
merger, or sale. After approval by their respective State banking
departments, State-chartered banks absorbed 254 national banks.
In addition, 432 State-chartered banks consolidated or merged with
or were purchased by other State-chartered institutions. The following table shows the number of banks which have been absorbed since
1950 and their total resources.
Data on consolidations, mergers, purchases, and sales, and conversions—1950 to
Dec. 81,1959
Number of
banks

161
84
152
397
141
77
198
416
1
1
2
4
817
158
96
432
686
1,503

Total resources (in
millions of
dollars)

Type

National banks consolidated with and into other national banks.. _
National banks merged with other national banks.
National banks purchased by other national banks
Total...

_

_.

-

S tate-chartered banks consolidated with and into national banks
State-chartered banks merged with national banks
State-chartered banks purchased by national banks

3,780
1,870
1,443
7,093
3,041
922
1,341

_

Total...

5,304

District of Columbia nonnational bank consolidated with and into District of Columbia national bank .
__
_ __
District of Columbia national bank purchased by District of Columbia nonnational
bank
__ District of Columbia nonnational banks purchased by District of Columbia nonnational banks
_
Total

__..

Approved by Comptroller of the Currency

Total for absorbed banks

_

75
86
216
12,613

National banks consolidated or merged with State-chartered banks
National banks purchased by State-chartered banks.. _ _
_ __ _
State-chartered banks, merged, consolidated, or purchased by other State-chartered
banks
Approved by State banking departments

55

__

9,299
911
7,297
17,507
30,120

CONVERSIONS—1950 TO D E C . 31,1959
National banks converted into State-chartered banks_.
State-chartered banks converted into national banks..

182
904

Fiduciary Activities of National Banks
As of December 31, 1959, the Board of Governors of the Federal
Reserve System had authorized 1,736 national banks or 38.2 percent of
all national banks to exercise either full, limited, or specific trust
powers. Twenty-four national banks had specific powers only and
four others had combinations of specific and limited powers. In
addition three nonnational banks located in the District of Columbia
were exercising trust powers. Some 243 national banks were not exercising their trust powers or 14.0 percent of the number having trust
powers. Of this group 19 were granted powers during the year 1959,
and it is presumed that these 19 will become active.



20

REPORT OF THE COMPTROLLER OF THE CURRENCY

During the year 1959, 42 national banks were added to the list of
those with trust powers and 4 received supplemental powers. The
trust powers of 28 national banks were absorbed through consolidation or merger, and the specific trust powers of 2 national banks
expired and were surrendered.
There is no uniform system for carrying values of trust department
assets among corporate fiduciaries. Essentially there are two systems
employed which are cost for assets purchased with appraised values for
assets received in kind and unit value. Unit value systems carry
bonds at $1 per $1,000 and stock at $1 per share or sometimes par
value is used. A combination of both systems is usually found in
any trust department and figures taken from trust ledgers have little
meaning in relation to the actual value of the property held. The
unit value system has the advantage of permitting assets to be set up
immediately at a permanent carrying figure for audit purposes but
usually requires the keeping of another set of books for tax purposes.
The trust figures as to dollar value which appear in this report and
its appendix, except for figures on employee welfare and pension benefit
plans for which national banks are trustees, are valuable primarily for
comparative purposes from year to year. It is believed that to require
national banks to furnish market values as of any given date would
place a substantial and unjustified burden upon the banks and would
be subject to other objections.
Of the total liabilities for accounts held by trust departments as of
December 31,1959,39.5percentwereinlivingtrustsandcourtaccounts,
and 60.0 percent in agency type accounts, and 0.5 percent in all other
liabilities. Figures compiled for trust departments with total assets
of $75 million and over show 79.15 percent of the total assets is held
by 6.77 percent of the number of active trust departments. Gross
earnings for 1959 were $182,016,000 which is an increase of $40,543,000
over the previous year and an all time high.
At the end of 1959 there were 204 common trust funds operated
under section 17(c) of Regulation F in 154 national banks. These
funds showed a total ledger value of $684,122,301. Three nonnational
banks in the District of Columbia operated four such funds with total
ledger value of $13,034,410.
Tables Nos. 22 and 23 of the appendix show for the second time the
market value of securities held in employee benefit accounts for which
national banks are trustees. Most of the valuations were made during
the year 1959, but a few 1958 and 1960 valuations have been used.
Agency accounts held by banks which are not the trustee of any such
plan are not included in the agency figure. The figures submitted
cover 744 national banks and 3 nonnational banks. The increase
since the previous report is 29.9 percent and 52.3 percent in number
of plans and market value where the bank is trustee and has investment
authority. For plans where the bank is trustee with no investment
authority the increase is 9.3 and 36.1 percent respectively.
Litigation
In June 1959, the Commercial State Bank of Eoseville, Mich., and
the State Bank of Fraser, Mich., brought suit in the U.S. District
Court for the District of Columbia seeking a declaratory judgment and



REPORT OF THE COMPTROLLER OF THE CURRENCY

21

an injunction preventing the Comptroller from issuing a certificate of
approval for the establishment and operation by the Manufacturers
National Bank of Detroit, Mich., of a branch bank in Clinton Township, Macomb County, Mich., on grounds that the branch could not
legally be established. At the time the suit was brought the Comptroller had not yet given consideration to the application, and consequently had reached no decision as to whether the branch could be
legally established nor as to whether he should approve or disapprove
it. Nevertheless, plaintiffs' motion for a preliminary injunction was
granted. On appeal to the U.S. Court of Appeals for the District of
Columbia this decision was affirmed.
In July 1959, the First National Bank of Charleroi, Pa., brought
suit against the Comptroller in the U.S. District Court for the District
of Columbia seeking a declaratory judgment and an injunction preventing the Comptroller from permitting the use of the name "First
National Bank of Pittsburgh, Charleroi Office/' by a branch of a
national bank to be located in Pittsburgh. Subsequently, the name
of the proposed bank in Pittsburgh was changed to "Pittsburgh
National Bank/' and the suit was voluntarily dismissed.
In August 1959, the Broad Street Trust Co., Philadelphia, Pa.,
brought an action in the U.S. District Court in Philadelphia, Pa., for
an injunction against the Comptroller and the Philadelphia National
Bank, Philadelphia,, Pa., seeking to prevent the establishment by the
bank of a branch in Ridley Township, Delaware County, Pa. The
Comptroller hM approved the application. Upon motion by the
Comptroller aiid the Philadelphia National Bank, this case was dismissed. Subsequently, the case was renewed against the Comptroller
in the U.S. District Court for the District of Columbia, but later was
voluntarily dismissed by the plaintiff.
In August 1959, the Bank of Livonia, Livonia, Mich., brought suit
in the U.S. District Court for the District of Columbia seeking an
injunction preventing the Comptroller from issuing a certificate of
approval for the establishment and operation by the National Bank
of Detroit, Mich., of a branch in Plymouth Township, Wayne County,
Mich., on the grounds that the branch could not legally be established.
At the time the suit was brought the Comptroller had not yet given
consideration to the application, and consequently had reached no
decision as to whether the branch could be legally established nor as
to whether he should approve or disapprove it. A motion to dismiss
filed on behalf of the Comptroller was denied and plaintiff's motion
for a preliminary injunction was granted. The Comptroller has
appealed the order granting the motion for a preliminary injunction to
the U.S. Court of Appeals for the District of Columbia.
In September 1959, the Community National Bank of Pontiac, Mich.,
brought suit in the U.S. District Court in Detroit, Mich., against the
Comptroller to require the Comptroller to revoke his certificate of
authority and approval for the establishment and operation of a branch
of the Manufacturers National Bank of Detroit, Mich., in Bloomfield
Township, Oakland County, Mich. Pursuant to the authority granted
by the Comptroller the branch had been established and was operating.
In March 1960, a motion to dismiss on the ground that the Comptroller
could not be sued in Michigan was denied without prejudice. The case
is presently awaiting trial.



22

REPORT OF THE COMPTROLLER OF THE CURRENCY

Legislation Enacted
Public Law 86-114, approved July 28, 1959, made several important
changes in the law relating to reserves required to be maintained
by member banks of the Federal Reserve System, and by holding
company affiliates. (1) It permits the counting of currency and
coin as reserves as authorized by regulation of the Board of Governors
of the Federal Reserve System; (2) it requires the elimination by the
end of 3 years of the classification "central reserve city/' and provides
that the reserve requirements against demand deposits for banks
in reserve cities and central reserve cities shall be a minimum of 10
per centum of the aggregate amount of demand deposits, and a
maximum of 22 per centum; (3) it amends R.S. 5144 (12 U.S.C. 61)
to provide that where there is more than one holding company affiliate
with respect to the same bank or group of banks the reserve required
by R.S. 5144 (12 U.S.C. 61) need be established and maintained by
only one holding company affiliate, to be designated by the Board of
Governors of the Federal Reserve System.
Public Law 86-137, approved August 6, 1959, amended paragraph
7 of R.S. 5136 (12 U.S.C. 24), to permit national banks to deal in or
underwrite bonds, notes, and other obligations issued by the Tennessee
Valley Authority in total amounts not exceeding at any one time 10
percent of their capital and surplus.
Public Law 86-147, approved August 7, 1959, amended paragraph
7 of R.S. 5136 (12 U.S.C. 24), to permit national banks to deal in or
underwrite obligations issued by the Inter-American Development
Bank which are at the time eligible for purchase by a national bank
for its own account, in total amounts not exceeding at any one time
10 percent of their capital and surplus.
Public Law 86-230, approved September 8, 1959, repealed various
obsolete provisions of the national banking laws and amended other
provisions to clarify and eliminate ambiguities. It also added new
authority relating to (1) change of location of national banks; (2)
liabilities of national banks to the Federal Deposit Insurance Corporation; (3) length of time within which national banks must furnish
condition reports; (4) declaration of dividends of national banks;
(5) receipt of deposits by corporations not examined and regulated;
and (6) use of the word "national" in the title of national banks.
Public Law 86-251, approved September 9, 1959, authorized the
appointment of an additional Deputy Comptroller of the Currency,
thus raising to four the number of authorized Deputy Comptrollers;
and it also increased the amount of the bonds required of the Comptroller and the Deputy Comptrollers.
This act also enlarged the borrowing authority of national banks
from sources other than the Federal Reserve banks, from a limit of
100 percent of capital to a new limit of 100 percent of capital plus
50 percent of surplus.
In addition, the act made a number of changes in the lending
authority of national banks.
1. It increased from 10 percent to 25 percent of capital and surplus
the amount which a national bank may lend to a single borrower
where the loan is secured by refrigerated or frozen readily marketable
staples with a market value at least 15 percent higher than the amount



REPORT OF THE COMPTROLLER OF THE CURRENCY

23

of the loan in excess of the 10 percent limit. Such staples must be
fully covered by insurance.
2. It increased from 10 percent to 25 percent the amount of paper
which a national bank may discount for a dealer in dairy cattle when
the paper is secured by the dairy cattle being sold.
3. It eliminated the requirement that obligations secured by
Government bonds or notes must be "in the form of notes" in order
to qualify under exception 8 to R.S. 5200.
4. It added to R.S. 5200 a new exception 13 designed to deal exclusively with installment consumer paper, whether negotiable or nonnegotiable. The new exception provides for a limitation of 15
percent of capital and surplus in addition to the basic 10 percent
limit, but contains a proviso to the effect that if the bank's files or
the knowledge of its officers of the financial condition of each maker
of such obligations is reasonably adequate, and if certification is
made by a designated officer that the responsibility of each such
maker has been evaluated and the bank is relying primarily upon
him for the payment of such obligations, the limitations of the
section as to the obligations of each such maker shall be the sole
applicable loan limitation. Such certification is required to be in
writing and must be retained as part of the records of the bank until
payment in full. Under this proviso, obligations with respect to which
the responsibility of the makers have been evaluated need not be
included in the dealer's line of credit for purposes of the applicability
of the loan limitation to him.
5. It liberalized the restrictions on loans secured by leaseholds by
providing that a loan may be made by a national bank secured by a
leasehold which does not expire for at least 10 years beyond the
maturity date of the loan.
6. It increased to 75 percent the percentage of the appraised value
of real estate which may be loaned by a national bank upon real estate
security but with a requirement that such a loan must be fully
amortized so that the periodic installments will be sufficient to pay the
entire amount of the principal and interest by the maturity of the
loan.
7. It provided that the limitations and restrictions relating to the
percentage of appraised value which may be loaned upon real estate
security shall not apply to loans which are fully guaranteed or insured
by a State, or by a State authority for the payment of the obligations
of which the faith and credit of the State is pledged, if under the terms
of the guaranty or insurance agreement the bank will be assured of
repayment in accordance with the terms of the loan.
8. It added authority for national banks to make loans to finance
the construction of industrial or commercial buildings through loans
having maturities not to exceed 18 months where there is a valid and
binding agreement entered into by a financially responsible lender to
advance the full amount of the bank's loan upon the completion of
the buildings. Such loans are to be classed as ordinary commercial
loans and not regarded as real estate loans. The aggregate limit on
construction loans was increased from 50 percent of capital and surplus
to 100 percent of capital and surplus.
9. It added a new provision permitting national banks to make
working capital loans to manufacturing or industrial enterprises



24

REPORT OF THE COMPTROLLER OF THE CURRENCY

secured by liens on the physical properties of the enterprise, including
plant real estate, without such loans being regarded as real estate
loans, where the banks look for repayment out of the operations of
the borrowers' businesses, relying primarily on their general credit
standings and forecasts of operations.
Public Law 86-372, approved September 23, 1959, the Housing
Act of 1959, amended section 203 of the National Housing Act to
provide that loans secured by mortgages insured under that section
should not be taken into account in determining the amount of real
estate loans which a national bank may make in relation to its capital
and surplus or its time and savings deposits. In other words, loans
insured under section 203 need not be included for the purposes of
the aggregate limit on real estate loans which may be made by a
national bank.
This act also amended R.S. 5136, which prescribes limitations and
restrictions on the purchasing, dealing in, and underwriting of investment securities by national banks, to eliminate from an exception to
its provisions, the 18-month maturity limitation on obligations secured by an agreement between a local public agency as defined in
the Housing Act of 1949, and the Housing and Home Finance Administrator in which the local public agency agrees to borrow from the
Administrator, and the Administrator agrees to lend to the local public agency moneys in an aggregate amount which (together with any
other moneys irrevocably committed to the payment of interest on
such obligations) will suffice to pay, when due, the interest on and all
installments (including the final installment) of the principal of such
obligations, which moneys under the terms of said agreement are
required to be used for such payments.
Examinations Conducted
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. However, the Comptroller is authorized to waive
an examination with respect to any particular bank not more frequently than once in a 2-year period. In addition to the regular
examinations, special examinations are conducted of banks the condition of which is regarded as unsatisfactory. Also, the District Code
authorizes the Comptroller to examine each nonnational bank and
trust company in the District of Columbia.
During the year ended December 31, 1959, 6,607 examinations of
banks, 6,427 examinations of branches, 1,543 examinations of trust
departments and trust branches, and 85 examinations of affiliates
were conducted. Fifty-six foreign branches located in 19 countries
were also examined. Two State banks were examined in connection
with consolidations and mergers with, or purchase by, national banks,
and nine State banks were examined in connection with conversions




REPORT OF THE COMPTROLLER OF THE CURRENCY

25

to national banks. Investigations were conducted in connection with
applications for 76 new charters and 674 new branches.
Organization and Staff
An amendment to section 4, title 12 of the United States Code,
effective September 9, 1959, provided for the appointment of an additional Deputy Comptroller of the Currency, and on September 15,
1959, Mr. Chapman C. Fleming, Assistant Chief National Bank
Examiner in the Washington office, was appointed to this position.
Mr. John R. Thomas, a national bank examiner from the New York
district, succeeded Mr. Fleming as Assistant Chief National Bank
Examiner.
The total personnel of the Office of the Comptroller of the Currency
on December 31, 1959, consisted of 1,146 persons, 196 of whom were
employed in the Washington office, including 32 in the Federal Reserve Issue and Redemption Division, the operating expense of which
is borne by the Federal Reserve banks. The total number employed
in the Washington office increased by one during the year. The total
number in the field service increased by one during the year 1959.
More than 85 percent of the field personnel consisted of the national
bank examining staff and, during the year, 18 national bank examiners
left the service by resignation, retirement, and due to deaths, and
1 was promoted to Assistant Chief National Bank Examiner in the
Washington office. Also during the year, 15 assistant examiners were
promoted to examiner and a former examiner was reappointed, resulting in a net decrease of 3 examiners. Of the staff of assistant
examiners, 88 left the service during the year by resignation, retirement, promotion to examiner, etc., and 89 assistant examiners were
added to the staff, a net increase of 1. There were 258 examiners
and 573 assistant examiners in the service at the year-end.
The educational program for national bank examiners and assistants, mentioned in previous reports, continued during the year, and
at the year-end 357 examiners and assistants had completed the courses
given in the interagency school established jointly in 1952 by the
Comptroller of the Currency, the Board of Governors of the Federal
Reserve System, and the Federal Deposit Insurance Corporation.
Courses at the Graduate Schools of Banking, at Rutgers University,
the University of Wisconsin, the University of Washington, the University of Louisiana, and Southern Methodist University, had been
completed by 75 examining staff members at the year-end and 24
were still enrolled in courses at these schools. Extension courses
given by the American Institute of Banking had been completed by
310 members of the examining staff at the year-end and 213 were
still enrolled in these courses.
The following table which has appeared in previous reports is again
included to show how the work of the entire staff of 1,146 employees
is organized and their services utilized.




26

REPORT OF THE COMPTROLLER OF THE CURRENCY

Division

Assistant examiners, asExecutive sistant counsel,
or super- administrative
visory
assistants, auditors, secretaries, typists,
clerks

Total

I. EXECUTIVE ORGANIZATION

(Policy and general supervision, all located in Washington, D.C.)
Comptroller of the Currency
Deputy ComptrollersChief National Bank Examiner

12
14

U
13

II. FIELD ORGANIZATION

(Located in 12 Federal Reserve districts)
District Chief National Bank Examiners
Policy and supervision, subject to executive staff in group I,
above, of all field activities.
National Bank Examiners
_
Perform examination of 4,549 banks, 4,798 branch offices, and
make investigations of new branch and charter applications, etc.
Assistant National Bank Examiners
Assist National Bank Examiners.

12

131

246

246
573

258
III.

573

692

950

l 2 3 i 22

30

1 2 3 4 18

22

WASHINGTON STAFF ORGANIZATION

(a) Examining Division._
_.
Assistant Chief National Bank Examiners.
Receive and analyze all reports of examination of national and
District banks, and investigation reports on new branches and
charters. Make recommendations to executive staff in group I,
above, as to dispositions of cases, and prepare letters to banks,
district chiefs, and others. Confer with bankers, executive and
staff representatives of the Federal Reserve System and the Federal Deposit Insurance Corporation, and District Chief National
Bank Examiners, regarding banking and supervisory matters.
One Assistant Chief also serves as head of the Personnel and Administrative Division, and one also serves as head of the field
organization educational programs.
(6) Organization Division
_
_
Supervises activities of all national and District banks as to
corporate and organization matters; i.e., new charters, branches,
consolidations, mergers, purchase and assumption cases, sale of
new capital stock, stock dividends, articles of association, etc.
Final decisions made by executive staff in group I, above, after
review with recommendations by Assistant Chief National
Bank Examiners, and usually with the benefit of facts and recommendations furnished by District Chief National Bank Examiners and National Bank Examiners.
(c) Legal Division—
_
___
__.
Serves as counsel for the Comptroller of the Currency. Considers all legal matters arising in the organization, operation,
merging, and discontinuance of national and District banks.
Prepares opinions, rulings, and correspondence on legal questions. Assists on all legislative matters. Exercises general
supervision over conduct of litigation.
(d) Personnel and Administrative Division
___
Performs functions relating to recruitment, transfer, promotion, separation, retirement, time and leave. Supervises and
includes personnel in mail and files section, supply and duplicating section, stenographic pool, and messenger pool.
(e) Reports and Precedents Division
Maintains all legal and policy precedents: receives reports of
examination of all national and District banks from District
Chief National Bank Examiners for binding, recording, and
distribution. Supervises and places orders for printing work
that pertains to Examining Division and the field organization.
(/) Statistical Division
„_
Compiles data indicative of bank ing trends for the information
of the Comptroller and his staff, Congress, other banking agencies, bankers, economists, and others through examination and
tabulation of data incorporated in call reports of condition and
reports oi earnings and dividends of national and District banks.

See footnotes at end of table.



f «3
1*4

2 3 4 6 24

25

1234

12322

24

27

REPORT OF THE COMPTROLLER OF THE CURRENCY

Assistant examiners, asExecutive sistant counsel,
or super- administrative Total
visory
assistants, auditors, secretaries, typists,
clerks

Division

III. WASHINGTON STAFF ORGANIZATION—Continued

(g) Auditor for the Comptroller
Accountable to the Comptroller of the Currency only. Maintains audits for the Comptroller of all acounts covering funds
under control of the Disbursing Office including detailed audits
of all collections and disbursements of funds: prepares and submits periodic audit reports to Comptroller; tabulates information and statistics on special subjects.
(70 Disbursing Division
Receiv es all checks in payment of fees for examinations and
makes deposits to the Comptroller's Treasury account. Maintains accounts covering funds of Examining Division and of
Federal Reserve Issue and Redemption Division and makes all
disbursements from these accounts covering payrolls, travel
vouchers, and miscellaneous expenses. Makes all purchases of
equipment and supplies from Examining Division funds.
(i) Federal Reserve Issue and Redemption Division
All expenses of this division paid by Federal Reserve banks.
Handles the issuance and redemption of Federal Reserve currency as provided under the Federal Reserve Act. Maintains
detailed records of all shipments of original currency issues and
of unfit currency notes destroyed.

2

123 79

11

2

1 2 3 6 24

26

2

1 2 3 8 30

32

23

Grand total
1
7

__

2 Typists.
» Clerical.
Secretarial.
8
Accountants.
Money counters.

4

Administrative.

5

160

183

287

___

859

1,146

Attorney.

6

Messengers.

Expenses of the Bureau
A summary statement of the operating expenses of the Bureau for
the year ended December 31, 1959, follows:
Bank supervision
Salaries
__.
Per diem
Transportation
_
Supplies
__
_..
Printing, books, and periodicals
Rent_...
_
_
_
Furniture and fixtures
Communications.
_
Fixed charges
Maintenance
Treasurer's Federal Reserve note audit expense
Employer's F.I.C.A. and Insurance Fund contributions.
Employer's civil service retirement contributions
Miscellaneous
Total

Currency
issue and

redemption

Total

$7,526, 583.91
1,618.450.42
582,444.33
25, 539. 48
71,907.88
152,633. 20
24,863. 78
77,819.85
0
0
0
25,100. 92
482,306.40
35,006.37

$154,354. 77
0
0
1,016.03
309.24
0
0
638.00
15,996.90
324. 94
11,688.00
485. 85
10,034.04
6,959. 77

$7,680,938.68
1,618,450. 42
582,444. 33
26,555. 51
72.217.12
152,633. 20
24,863. 78
78,457. 85
15,996. 90
324. 94
11,688.00
25,586. 77
492,340. 44
41,966.14

10,622,656.54

201,807. 54

10,824,464.08

Funds used in payment of the bank supervision costs are derived
from assessments against the banks supervised. The cost of operating
the division which handles the currency issue and redemption functions is paid by the Federal Keserve banks.
A comparison of the assets and liabilities of the banks in the national
banking system as of December 31, 1958, March 12, June 10, October
6, and December 31, 1959, reported pursuant to calls for condition
statements by the Comptroller of the Currency, is shown in the
following
 table.


oo
Assets and liabilities of national banks on dates indicated
[In thousands of dollars]
Dec. 31,1958
(4,585 banks)

Mar. 12, 1959
(4,569 banks)

June 10, 1959
(4,559 banks)

Oct. 6, 1959
(4,550 banks)

Dec. 31,1959
(4,542 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 stocks of Federal Reserve banks

_

_

_
_

_

Total assets

_

58, 453, 887
31, 429, 322
21, 408
9,204,383
1, 596,997
297,045

59,961,989
31,723, 878
37,092
9,036,149
1, 553, 557
302,179

99,070,835

99,982,270

101,008,042

102,614,844

24,198, 819
1,365,748
35,941
125, 461
272,213
511,462

23,834, 503
1,399,868
38,935
130, 657
261,640
606,918

24.828,861
1,451,092
41,906
134,684
281,660
593,599

27,464,245
1,476.979
45,113
142,737
291,947
600,248

125, 580, 479

126,254,791

128,334, 844

132,636,113

61,785,222
32,614,707
2,574, 937
8,426,763
9,809,186
1,875,313

59,483, Oil
33,229,040
1, 632,249
8,168,870
8,585,962
1,618,181

58,917,809
33,779,747
1, 764, 845
8,072,361
8, 522,813
1,601,688

59,274,141
34,289,639
2.874,947
7,749. 004
8,735,201
1,681,835

62,496,399
34,385,356
2,945,079
8,469,237
9,460,445
1,881,161

117,086,128

112,717,313

112,659,263

114,604,767

119,637,677

81,851,799
85,784,829

_

55, 815,846
33,147,723
4,604
9,071,985
1, 650,551
291, 561

128,796,966

Total loans and securities
Cash, 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
_
Other assets
_
_

53,217.140
34,787,430
3,045
9,005,281
1,769, 676
288,263

26,864,820
1,326,352
33,575
127,075
321,852
538,844

_

52,796,224
35, 821,327
3,433
8,845,522
1,836,523
281,419
99,584,448

__.
-.

76,442,827
86,274,486

75,776,926
86,882,887

77,701,516
86,903,252

82,70S, 114
86,984,668

43,035
1,626
330,616
1,666,760

917,898
1,549
281,528
1,802,034

1,419,817
1,566
270,010
1,863,497

1,363,830
3,140
292,696
1,766,889

340,362
3,424
307,511
2,045,022

119,128,165

115,720,322

116,214,153

118,031,322

122,333,996

LIABILITIES

Demand deposits of individuals, partnerships, and corporations
Time deposits of individuals, partnerships, and corporations._
Deposits of U.S. Government and postal savings*
Deposits of States and political subdivisions
Deposits of banks
_
_
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 outstanding
Other liabilities
_
Total liabilities




,

g

CAPITAL ACCOUNTS

2, 951,279
4, 718, 459
1,711, 435
287,628

Capital stock (see memoranda below).
Surplus
OK Undivided profits
£2 Reserves and retirement account for preferred stock
2

Total capital accounts

^

Total liabilities and capital accounts

__

[

I

3, 054.457
4,821, 012
1, 712,065
272, 623

3,078, 875
4, 857, 509
1, 843, 558
260, 696

3,136, 757
4,963, 740
1,948, 004
255,021

3,169,742
5,062,084
1,814, 637
255,654

9, 668,801

9, 860,157

10,040, 638

10,303, 522

10,302,117

128, 796, 966

125, 580, 479

126,254, 791

128, 334, 844

132, 636,113

2,947, 787
3,492

3, 051,015
3,442

3,075, 784
3,091

3,133,666
3,091

2,951,279

3,054,457

3,078, 875

3,136,757

3,169,742

3,692

3,642

3,291

3,291

3,291

15, 977, 013

16,488,034

16 936,993

17,092,993

16, 568,144

#

MEMORANDA

Par value of capital stock:
Common stock
Preferred stock
Total.

_

_.
—

___

Retirable value of preferred 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)




O
O

1
to

30

REPORT OF THE

COMPTROLLER

OF THE

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 aggregate of assets and liabilities.
Distribution of assets and liabilities of national banks, Dec. 31, 1956-59
1956

1957

1958

1959

Percent
26.91
5.97
.17
1.36

Percent
26.00
6.22
.18
1.60

Percent
27.81
6.87
.18
1.47

Percent
23.95
6.81
.19
1.21

34.41

34.00

36.33

32.16

40.99
13.27
9.74
.93
.03
.63

41.90
12.77
9.53
.98
.03
.79

40.99
12.21
8.65
1.03
.03
.76

45.21
12.23
8.48
1.11
.03
.78

100.00

100.00

100.00

100.00

50.62
22.32
2.00
6.34
8.37
1.68

48.72
24.18
2.00
6.53
7.87
1.50

47.97
25.32
1.99
6.54
7.62
1.46

47.12
25.92
2. 21
6.39
7.13
1.43

91.33

90.80

90.90

90.20

67.14
24.19
1.47

64.62
26.18
1.65

63.16
27.74
1.59

62.35
27.85
2.03

2.24
3.52
1.44

2.33
3.67
1.55

2.29
3.67
1.55

2.39
3.82
1.56

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

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

_
__

,._

Total capital funds
Total liabilities and capital funds

-

__

_

_

7.20

7.55

7.51

7.77

100.00

100.00

100.00

100.00

EARNINGS, EXPENSES, AND DIVIDENDS OF NATIONAL BANKS FOR
YEAR ENDED DECEMBER 31, 1959

Summaries of the earnings, expenses, and dividends of national
banks for the years ended December 31, 1958 and 1959, are shown
in the following table.




REPORT OF THE COMPTROLLER OF THE CURRENCY

31

Earnings, expenses, and dividends of national banks for years ended Dec. 81, 1958
and 1959
[In millions of dollars]

1959

Number of banks 1
Capital stock (par value) 2
Capital accounts 2

-.- - - -

4,542
3,066.6
10,003.9

Recoveries, transfers from valuation reserves, and profits:
On securities:
Recoveries
.
.....
-_
Transfers from valuation reserves .
. .
Profits on securities sold or redeemed
_
- __
On loans:
Recoveries
Transfers from valuation reserves
- _
All other
_
Total
Losses, chargeoffs, and transfers to valuation reserves:
On securities:
Losses and chargeoffsTransfers to valuation reserves. _
On loans:
Losses and chargeoffs
_____
Transfers to valuation reserves.-. _
All other
___
Total
Profits before income taxes
Taxes on net income:
Federal
State._
Total

See footnotes at end of table.




__ _
_
-

+84.5
+23.6
+448.2
+25.2
+62.7

4,538.9

+644. 2

1,371. 8
866.7
143.4
104.7
851.6

1, 263 9
762.3
125.9
91.2
726.9

+107 9
+104.4
+17.5
+13.5
+124.7

2,970. 2

+368.0

1, 568.7

+276.1

15.7
69.7
24.8

5.5
33.1
353.1

—328 3

9.4
23.7
27.3

11.3
27.6
30.6

-1.9
-3.9
-3.3

170.5

-

Net earnings from current operations-

839.1
267.6
2,739. 2
269.6
423.4

1,844. 8

___

-43
+191.5
+591.3

3,338. 2

__ _

4,585
2,875.1
9,412. 6

923.6
291.2
3,187.4
294.8
486.1

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 fixturesOther current operating expenses
_._
Total

Change
since
1958

5,183.1

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

..... . .

1958

461.1

-290. 6

361.6
96.7

54.8
159.7

+306. 8
-63.0

11.1
184.3
54.9

11.6
157.7
66.6

-.5
+26.6
-11.7

+10.2
+36.6

708.5

450.4

+258.1

1,306.8

1,579.4

-272.6

482.5
24.0

658.6
31.7

-176.1
-7.7

506.5

690.3

-183. 8

32

REPORT OF THE COMPTROLLER OF THE CURRENCY

Earnings, expenses, and dividends of national banks for years ended Dec. SI, 1958
and 1959—Continued
[In millions of dollars]

1959

Net profits before dividends. _
Cash dividends declared:
On preferred stock
On common stock__

1958

Change
since
1958

800.3

Total
Memoranda items:
Recoveries credited to valuation reserves (not included in recoveries above):
On securities--.
On loans-Losses charged to valuation reserves (not included in losses
above) :
On securities..On loans..
_.Stock dividends (increases in capital stock)
_._
Ratios:
Expenses to gross earnings
.._
Net profits before dividends to capital accounts
Cash dividends to capital stock
_
Cash dividends to capital accounts

_

_

-88.8

.2
422.7

.2
392.8

.0
+29.9

422.9

-..

_

889.1

393.0

+29.9

2.6
45.4

6.9
38.9

-4.3
+6.5

121.9
69.4
113.4

12.6
76.8
108.5

+109.3
-7.4
+4.9

Percent
64.41
8.00
13.79
4.23

Percent
65.44
9.45
13.67
4.18

Percent
-1.03
—1.45
+.12
+.05

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.
NOTE.—Figures are rounded to the nearest 10th of a million and may not equal totals.

STRUCTURAL CHANGES IN THE NATIONAL BANKING SYSTEM
The authorized capital stock of the 4,539 national banks in existence
on December 31, 1959, consisted of common capital stock aggregating
$3,167,696,778, a net increase during the year of $208,837,549, and
preferred capital stock of $3,090,670, a net decrease during the year of
$401,000. These figures include one bank recently chartered but
not yet open for business and two banks which resulted from the
conversions of two State banks into national banks at the close of
business on December 31, 1959. The figures exclude six banks which
furnished reports of condition in response to the call, although two of
them had converted into State banks, three had merged or consolidated with other national banks, and one had merged or consolidated
with a State bank, all effective as of the close of business on December
31, 1959.
In addition to 57 applications with proposed common capital stock
of $25,928,000 carried over from the previous year, 94 applications
were received to organize national banks and to convert State banks




33

REPORT OF THE COMPTROLLER OF THE CURRENCY

into national banking associations with proposed capital stock of
$27,260,000. Of these applications, 44 with proposed common capital
stock of $13,135,000 were approved; 25 with proposed common capital stock of $5,370,000 were rejected; and the remainder had been
abandoned or were still pending on December 31. From the applications carried over from the previous year and those approved during
1959, 33 national banking associations with common capital stock of
$21,225,000 were authorized to commence business. Of the charters
issued, nine with common capital stock of $14,685,000 resulted from
the conversions of State banks.
Changes in the number and capital stock of national banks during
the year ended December 31, 1959, are shown in the following
summary.
Organization, capital stock changes, and national banks closed as reported during
the year ended Dec. 81, 1959
Number of
banks

Increases:
Banks newly chartered:
Primary organizations
Reorganizations
Conversions of State banks
_
Capital stock—Common:
262 cases by statutory sale
._
484 cases by statutory stock dividend.
28 cases by statutory consolidation
26 cases by statutory merger
Total increases..

24

Total decreases_




Common

Preferred

$6,540,000
14,685,000
45,816,570
113,416,504
22,018,225
14,798,250

33

Decreases:
Banks ceasing operations:
Voluntary liquidations:
Succeeded by national banks
_
Succeeded by State banks
Statutory consolidations
Statutory mergers
Conversions into State banks
Merged or consolidated with State banks (Public Law
706)
Receivership
_.
Capital stock:
Preferred: 2 cases by retirement
Common:
2 cases by statutory reduction
2 cases by statutory consolidation.
5 cases by statutory merger

Net change
Charters in force Dec. 31,1958, and authorized capital stock
Charters in force Dec. 31,1959, and authorized capital stock

Capital stock

217, 274,549

1,400,000
75,000
126,000
5,705,000
$401,000
210,000
211,000
710,000
75

8,437,000

401,000

-42
4,581

208,837,549
2,958,859, 229

-401,000
3,491,670

4,539

3,167,696,778

3,090,670

34

REPORT OF THE COMPTROLLER OF THE CURRENCY
NATIONAL BANK NOTES OUTSTANDING

There were, as of December 31, 1959, $56,749,403 of national bank
notes outstanding.
ASSETS AND LIABILITIES OP 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, 1959, amounted to $284,358 million,
an increase of $6,478 million since December 31, 1958.
The total deposits at the end of 1959 amounted to $255,497 million,
an increase of $4,165 million over 1958. Included in [the latter
aggregate are deposits of individuals, partnerships, and corporations
of $214,343 million, an increase of $4,667 million in the year. Deposits of the U.S. Government, including postal savings deposits, were
$5,372 million, an increase of $706 million; deposits of States and political subdivisions amounting to $14,749 million showed an increase of
$27 million, and deposits of banks of $17,104 million were $1,100
million less than in 1958.
Loans and discounts amounted to $136,410 million in December
1959 after deducting reserves of $2,402 million for possible future
losses. The net loans were $14,123 million over the amount reported
as of the end of 1958. Commercial and industrial loans of $40,490
million were $281 million less than the 1958 figure; real estate loans
of $53,137 million were up $4,351 million, and all other loans of
$45,205 million increased $10,287 million.
The banks held obligations of the U.S. Government, direct and
guaranteed of $65,882 million in December 1959, a decrease of $8,053
million in the year. Obligations of States and political subdivisions
held amounted to $17,715 million, an increase of $404 million, and other
securities held amounted to $8,416 million, a decrease of $663 million.
The total of all securities held at the end of 1959 was $92,013 million,
and represented 32 percent of the banks' total assets. At the end of
the previous year the ratio was 36 percent.
Cash and balances with other banks, including reserve balances, in
1959 were $50,362 million, an increase of $215 million since the previous
year end.
Total capital accounts were $22,973 million, compared to $21,822
million at the end of 1958, an increase of 5 percent.
A statement of the assets and liabilities of all classes of active banks
at the end of December 1958 and 1959 follows.




35

REPORT OF THE COMPTROLLER OF THE CURRENCY

and liabilities of all banks in the United States and possessions, 1958 and 1959
[In millions of dollars]
Dee. 31,

Number of banks

Dec. 31,

1959

1958

Change since
1958

13,984

14,034

-50

53,137

48,786

+4,351

825
7,132

723

+102
+7,132

ASSETS

Real estate loans
Loans to financial institutions:
Domestic commercial and foreign banks
Other...
_
Loans to brokers and dealers in securities and other loans for
the purpose of purchasing or carrying securities
Loans to farmers directly guaranteed by the Commodity
Credit Corporation.
_
Other loans to farmers.
_
Commercial and industrial loans (including open-market
paper)
Other loans to individuals
_
.__
All other loans (including overdrafts)

+179

4,877

_

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

40, 490
24, 509
2, 812

40, 771
21,034
3,470

-281
+3,475
-658

124, 475
2,188

+14, 337
+214

136, 410

122, 287

+14,123

65, 882
17, 715
7,015
1,401

73, 935
17, 311
7,661
1, 18

-8,053
+404
-646
-17

92, 013

100, 325

-8,312

3,170

3, 452

-282

47,192
2,884
83

46, 695

2, 578
66

+497
+306
+17

218
776
1,612

204
868
1,405

+14
-92
+207

277, 880

+6, 478

116,460
97, 883
5,372
14, 749
17,104
3,929

115, 664
94,012
4,666
14, 722
18,204
4,064

+796
+3, 871
+706
+27
-1,100
-135

255,497

_

-614
+651

284, 358

Net loans

814
4,179

138,812
2,402

Total gross loans
Less valuation reserves

200
4,830

251, 332

+4,165

152, 652
102, 845

150, 902
100, 430

+1, 750
+2, 415

LIABILITIES
D e m a n d deposits of individuals, partnerships, and corporations
Time deposits of individuals, partnerships, and corporations..
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
D e m a n d deposits.
_
_
T i m e deposits
__
Bills payable, rediscounts, and other liabilities for borrowed
money
_
Acceptances executed by or for account of reporting banks
and outstanding. _
_
_
Other liabilities.. __

649~

+553
907
3,723

-78
+687

261,385

Total liabilities

829
4,410

256,058

+5,327

5,933
56
17
11,760
4,469

5,491
58
19
11, 207
4,258

+442
-2
-2
+553
+211

CAPITAL ACCOUNTS

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

_

Total liabilities and capital accounts

738

789

-51

22, 973

21,822

+1,151

284,358

277,880

+6, 478

* Previously included in commercial and industrial loans and all other loans.
NOTE.—Figures for nonnational banks obtained from the Federal Deposit Insurance Corporation,




36

REPORT OF THE COMPTROLLER OF THE CURRENCY
REPORTS FROM BANKS

National banks in the continental United States, 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
four reports of condition during the year ended December 31, 1959.
Reports were required as of March 12, June 10, October 6, 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, unless waived by the Comptroller, of their
affiliates and holding company affiliates other than member banks as
of the four 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 as of December 31, 1959.
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, 1959.
In accordance with the code of law for the District of Columbia,
banks other than national in the District were required to make to
the Comptroller condition reports and reports of earnings, expenses,
and dividends identical with those obtained from national banks
during the year.
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.
However, section 21 of the Federal Reserve Act, as amended, provides
in part that the Comptroller may waive the requirement for the submission of the report of an affiliate if in his judgment such a report is
not necessary to disclose fully the relations between an affiliate and a
bank and the effect thereof upon the affairs of the bank. Pursuant
to this latter section the Comptroller's waiver of requirement for reports of affiliates provides principally that reports of affiliates (other
than holding company affiliates) need not be submitted and published
in a newspaper unless the affiliate is indebted to the national bank
or the bank owns obligations of the affiliate and the aggregate of such
indebtedness and/or investment is carried as an asset on the bank's
books at a value in excess of $5,000, or 1 percent of the bank's capital
and surplus, whichever is the greater.




REPORT OF THE COMPTROLLER OF THE CURRENCY

37

At the end of December 1959, 386 member national banks in the
United States submitted 429 reports of affiliates. Included in these
figures are 198 banks in 27 States which are members of 24 holding
company groups. The number of banks in each holding company
group varied from 1 to 58. The actual number of reporting affiliates
and holding company affiliates was 255.
In addition there was one nonnational bank in the District of Columbia which is a member of the Federal Reserve System that reported
one affiliate to the Comptroller pursuant to the provisions of the code
of law for the District of Columbia.
ISSUE AND REDEMPTION OF NOTES
There were 826 shipments of new Federal Reserve notes (556,270,000
notes—aggregate value $6,547 million) made to the Federal Reserve
agents and the Federal Reserve branch banks. In addition, there
were 28 deliveries of such notes (5,181,000 notes—aggregate value
$115 million) made to the Treasurer of the United States.
There was a total of 4,817 lots of unfit Federal Reserve notes and
Federal Reserve bank notes (494,783,363 notes—-aggregate value
$5,926,895,109) received for verification and certification for destruction.
There were 33 lots of national bank notes (117,060 notes—-aggregate
value $1,959,654) received for verification and certification for destruction.
There was a total of 261,627 badly damaged Federal Reserve notes,
Federal Reserve bank notes and national bank notes (aggregate value
$4,751,670) presented, by the Treasurer of the United States, for
identification approval.







APPENDIX
39

CONTENTS
TABLES
No. 1. Comptrollers and Deputy Comptrollers of the Currency since
1863
No. 2. Total number of national banks organized, consolidated and
merged under act Nov. 7, 1918, as amended, insolvent, in voluntary liquidation, converted into and merged or consolidated
with State banks under Public Law 706 (12 U.S.C. 214) and in
existence on Dec. 31, 1959
No. 3. National banks chartered during the year ended Dec. 31, 1959__
No. 4. National banks chartered which were conversions of State banks
during the year ended Dec. 31, 1959
No. 5. National banks reported in voluntary liquidation during the year
ended Dec. 31, 1959, the names of succeeding banks in cases of
succession, with date of liquidation and capital stock
No. 6. National banks merged or consolidated with and into State banks
under the provisions of Public Law 706 (12 U.S.C. 214), approved Aug. 17, 1950, and the laws of the States where the banks
are located, during the year ended Dec. 31, 1959, with the
effective date and the capital stock
No. 7. National banks converted into State banks under the provisions
of Public Law 706 (12 U.S.C. 214), approved Aug. 17, 1950, and
the laws of the States where the banks are located, during the
year ended Dec. 31, 1959, with the effective date and the capital
stock
No. 8. Purchases of State banks by national banks reported during the
year ended Dec. 31, 1959, with title, location, and capital stock
of the State banks and effective dates of purchase
No. 9. Consolidations of national banks, or national and State banks,
during the year ended Dec. 31, 1959, under sees. 1, 2, and 3 of
the act of Nov. 7, 1918, as amended
No. 10. Mergers of national banks, or national and State banks, during
the year ended Dec. 31, 1959, under sees. 4 and 5 of the act of
Nov. 7, 1918, as amended
No. 11. Number of domestic branches of national banks authorized during
the year ended Dec. 31, 1959
No. 12. Number of branches of national banks closed during the year
ended Dec. 31, 1959
No. 13. Principal items of assets and liabilities of national banks, by size
of banks, according to deposits, Dec. 31, 1958, and 1959
No. 14. 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 1959
No. 15. Dates of reports of condition of national banks, 1914-59
No. 16. Assets and liabilities of national banks on Mar. 12, June 10, Oct.
6, and Dec. 31, 1959
No. 17. Fiduciary activities of national banks as of Dec. 31, 1959
No. 18. Fiduciary activities of national banks by Federal Reserve districts as of Dec. 31, 1959
No. 19. Classification of investments under administration by the active
national bank trust departments, Dec, 31, 1959
No. 20. Fiduciary activities of national banks by States as of Dec. 31,
1959
No. 21 General comparative figures of fiduciary activities
No. 22. National banks administering employee benefit trusts and agencies
during 1959, by Federal Reserve districts
No. 23. National banks administering employee benefit trusts and agencies
during 1959, by States
41




Page

43

44
45
47
47

48

49
49
49
53
56
61
63
64
65
67
121
123
124
124
127
128
128

42

REPORT OF THE COMPTROLLER OF THE CURRENCY
Page

No. 24. Earnings, expenses, and dividends of national banks, by States,
for the year ended Dec. 31, 1959
No. 25. Earnings, expenses, and dividends of national banks, by Federal
Reserve districts, for the year ended Dec. 31, 1959
No. 26. Earnings, expenses, and dividends of national banks, by size of
banks, for the year ended Dec. 31, 1959
No. 27. Earnings, expenses, and dividends of national banks, years ended
Dec. 31, 1957-59
No. 28. Number of national banks, capital stock, capital funds, net
profits, dividends, and ratios, years ended Dec. 31, 1930-59
No. 29. Total loans of national banks, losses and recoveries on loans, and
ratio of net losses or recoveries to loans, by calendar years
1940-59
No. 30. Total securities of national banks, losses and recoveries on securities, and ratio of net losses or recoveries to securities, by
calendar years 1940-59
,
No. 31. Foreign branches of American national banks, Dec. 31, 1959
No. 32. Consolidated statement of assets and liabilities of foreign branches
of national banks, Dec. 31, 1959
No. 33. Assets and liabilities of banks in the District of Columbia by
classes, Dec 31, 1959
No. 34. Assets and liabilities of all banks in the District of Columbia at
date of each call during the year ended Dec. 31, 1959
No. 35. Assets and liabilities of nonnational banks in the District of
Columbia at date of each call during the year ended Dec. 31,
1959
No. 36. Earnings, expenses, and dividends of banks in the District of
Columbia, years ended Dec. 31, 1959 and 1958
No. 37. Number of banks, capital stock, capital funds, net profits, interest
and dividends, and ratios, all banks, in the District of Columbia,
years ended Dec. 31, 1930-59
No. 38. 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 1940-59
No. 39. 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 1940-59
,
No. 40. Fiduciary activities of banks in the District of Columbia, Dec. 31,
1959
No. 41. Assets and liabilities of all active banks in the United States and
possessions, by classes, Dec. 31, 1959
,
No. 42. Assets and liabilities of all active banks in the United States and
possessions, by States and territories, Dec. 31, 1959
No. 43. Assets and liabilities of active national banks, by States and
territories, Dec. 31, 1959
No. 44. Assets and liabilities of all active banks other than national by
States and territories, Dec. 31, 1959
No. 45. Assets and liabilities of active State commercial banks, by States
and territories, Dec. 31, 1959
No. 46. Assets and liabilities of active mutual savings banks, by States and
territories, Dec. 31, 1959
No. 47. Assets and liabilities of active private banks, by States and
territories, Dec. 31, 1959
No. 48. Per capita demand and time deposits of individuals, partnerships,
and corporations in all active banks, by States, Dec. 31, 1959_
No. 49. Officials of State banking departments and number of each class of
active banks in December 1959
„
No. 50. Assets and liabilities of all active banks, Dec. 31, 1936, to 1959—
No. 51. Assets and liabilities of all active national banks, Dec. 31, 1936,
to 1959
..
No. 52. Assets and liabilities of all active banks other than national,
Dec. 31, 1936 to 1959
No. 53. Bank suspensions since inauguration of Federal deposit insurance,
years ended Dec. 31, 1934 to 1959



130
138
142
145
147
148
148
149
150
151
153
154
155
157
158
160
161
162
164
172
180
188
196
201
205
207
210
211
212
213

KEPOET OF THE

COMPTROLLER OF THE

CURRENCY

43

TABLE N O . 1.—Comptrollers and Deputy Comptrollers of the Currency, dates of
appointment and resignation, and States whence appointed
No.

Name

Date of appointment

Date of resignation

State

COMPTROLLERS OF THE CURRENCY

McCulloch, Hugh....
Clarke, Freeman
Hulburd, Hiland R
Knox, John Jay
Cannon, Henry W
Trenholm, William L
Lacey, Edward S
Hepburn, A. Barton
Eckels, James H
__
Dawes, Charles G
TCidgely, William Barret..
Murray, Lawrence O
Williams, John Skelton...
Crissinger, D. R
Dawes, Henry M
Mclntosh, Joseph W
Pole. John W .
____
O'Connor, J. F. T
Delano, Preston...
Gidney, Ray M__

May
Mar.
Feb.
Apr.
May
Apr.
May
Aug.
Apr.
Jan.
Oct.
Apr.
Feb.
Mar.
May
Dec.
Nov.
May
Oct.
Apr.

9,1863 Mar. 8,1865
21,1865 July 24,1866
1,1867 Apr. 3,1872
25,1872 Apr. 30,1884
12,1884 Mar. 1,1886
20,1886 Apr. 30,1889
1,1889 June 30,1892
2,1892 Apr. 25,1893
26,1893 Dec. 31,1897
1,1898 Sept. 30,1901
1,1901 Mar. 28,1908
27,1908 Apr. 27,19131
2,1914 Mar. 2,1921
17,1921 Apr. 30,1923
1,1923 Dec. 17,1924
20,1924 Nov. 20,1928
21,1928 Sept. 20,1932
11,1933 Apr. 16,1938
24,1938 Feb. 15,1953
16,1953

Indiana.
New York.
Ohio.
Minnesota.
Do.
South Carolina.
Michigan.
New York.
Illinois.
Do.
Do.
New York.
Virginia.
Ohio.
Illinois.
Do.
Ohio.
California.
Massachusetts.
Ohio.

DEPUTY COMPTROLLERS OF THE CURRENCY

Howard, Samuel T
Hulburd, Hiland R___
Knox, John Jay.
Langworthy, John S._.
Snyder, V. P
Abrahams, J. D
Nixon, R. M
Tucker, Oliver P
Coffin, George M
Murray, Lawrence O Kane, Thomas P
Fowler, Willis J
Mclntosh, Joseph W...
Collins, Charles W
Stearns, E. W.._
Await, F. G
Gough, E. H
Proctor, John L_
Lyons, Gibbs
Prentiss, William J r . Diggs, Marshall R
Oppegard, G. J
Upl^am, C. B_
Mulroney, A. J
McCandless, R. B
Sedlacek, L. H
Robertson, J. L
Hudspeth, J. W
Jennings, L. A
Taylor, W. M . . .
Garwood, G. W
Fleming, Chapman C.
1 Term expired.
2 Died Mar. 2,1923.




May 9,1863
Aug. 1,1865
Mar. 12,1867
Aug. 8,1872
Jan. 5,1886
Jan. 27,1887
Aug. 11,1890
Apr. 7,1893
Mar. 12,1896
Sept. 1,1898
June 29,1899
July 1,1908
May 21,1923
July 1,1923
Jan. 6,1925
July 1,1927
July 6.1927
Dec. 1.1928
Jan. 24,1933
Feb. 24,1936
Jan. 16,1938
do
Oct. 1,1938
May 1,1939
July 7,1941
Sept. 1,1941
Oct. 1,1944
Jan. 1.1949
Sept. 1.1950
Mar. 1.1951
Feb. 18.1952
Sept. 15,1959

Aug. 1,1865
Jan. 31,1867
Apr. 24,1872
Jan. 3,1886
Jan. 3,1887
May 25,1890
Mar. 16,1893
Mar. 11,1896
Aug. 31,1898
June 27,1899
Mar. 2,19232
Feb. 14,1927
Dec. 19,1924
June 30,1927
Nov. 30,1928
Feb. 15,1936
Oct. 16,1941
Jan. 23,1933
Jan. 15,1938
.do
Sept. 30,1938
do
Dec. 31,1948
Aug. 31,1941
Mar. 1,1951
Sept. 30,1944
Feb. 17,1952
Aug. 31,1950

New York.
Ohio.
Minnesota.
New York.
Do.
Virginia.
Indiana.
Kentucky.
South Carolina.
New York.
District of Columbia.
Indiana.
Illinois.
Do.
Virginia.
Maryland.
Indiana.
Washington.
Georgia.
California.
Texas.
California.
Iowa.
Do.
Do.
Nebraska.
Do.
Texas.
New York.
Virginia.
Colorado.
Ohio.

44

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE N O . 2.—Total number of national banks organized, consolidated, and
merged under act Nov. 7, 1918, as amended, insolvent, in voluntary liquidation,
converted into and merged or consolidated with State banks under Public Law
706 {12 U.S.C. 214), and in existence Dec. SI, 1959

Organized

Location

Maine
New Hampshire
Vermont..
Massachusetts
F»hode Island
Connecticut
Total NewEngland States.
New York _
New Jersey
Pennsylvania _ Delaware
Maryland
District of Columbia
Total Eastern States.

ConMergsolidaers
tions under
under sees. 4
sees. 1, and 5
2, and 3
6

3
3

376
67
125

30
3
9

4

861

54

In
liquidation

13

79

5
17

22
29

Con- Merged
verted or conto
solidated
State
with
banks
State
banks

In existence

28
4
4

51
32

4

207
58
68

13

103
4
24

9

72

463

21

242

106

24

50

248

2

8
36
8
4

32

3
7

59
211
1
17

437

36
84

3
14

130

7

13

164
473
3
51

2,908

_

..

Total Middle Western
States




Insolvent

28
2
7

236

43

425

1,150

106

944

253

19

2

28

74

1

129

38
44
43
42
42

67
58
49
86
41

45

62

419
1,284
30
144

_ _ _.

North Dakota >
_
South Dakota
Nebraska
Kansas
Montana
Wyoming
Colorado
New Mexico
Oklahoma
Total Western States

1

81
85

193
155
126
191
191
181

11
7
8
8
2
4

82
114
1,224
150
249

5
3
43
1
10

215

3,324

128
32

3
1
1

149
466
18
67

4

5

4

4
3

77
39
25
52
106
69

16
16
141
39
37

34
53
570
55
110

36

94

3
2

1
1

8

567

1,353

12

7

1,249

329

3
1

223

7

702

« _

Public Law 706
(12 U.S.C. 214)

999

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 _

127

Consolidated
and mercred
under act
Nov. 7, 1918,
as amended

1

4

27
42
466
55
87
75

3

112

13
17
11
9
8
4

3

98
227
77
54
116
204

298

11

1

58

148

2
2

1

98
77

4,021

105

7

946

1,680

6

8

1,269

259

3

100

220
405

12
1

93
83

118

81
198

6

76

1%

3

76
26
84
36
453

1,268

440
936
324
276
495
550

447

196
63
221
88
746

12

76
12
55
25
84

2,645

42

604

5

204
295
155
115
192
242

2
3

124
395
75
98
179

38
1

33
123
169
41

25
77
27
197
1

730

45

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE N O . 2.— Total number of national banks organized, consolidated, and
merged under act Nov. 7, 1918, as amended, insolvent, in voluntary liquidation,
converted into and merged or consolidated with State banks under Public Law
706 (12 U.S.C. 214), and in existence Dec. 31, 1959—Continued

Organ-

Location

ized

Washington

Oregon
California
Idaho..
Utah
Nevada
.
Arizona
Alaska
Hawaii

Total Pacific States...

Mergers
under
sees. 4
and 5

18
2

46

Public Law 706
(12 U.S.C. 214)

Insolvent

2
2
13

1,120

.

Consolidations
under
sees. 1,
2, and 3

230
149
530
111
38
17
31
8
6

_.

_-

Consolidated
and merged
under act
Nov. 7, 1918,
as amended

Puerto Pico
Virgin Islands of the United
States

51
31
65
35
6
4
6

1
1

737

1
17

2

Total United States and
possessions

134
102
383
65
19
8
21
1
4

198

4

1

Total possessions__

19

In
liquidation

Con- Merged
verted or conto
solidated
State
with
banks
State
banks

1
1

In existence

1
12
1
1
1

25
11
37
10
7
3
3

16

104

1
2

1

1

1

1
1

1
611

14,881

84

2 2,812 3 6, 652

25

158

4,539

1 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 5,014 under act Mar. 14,1900.
2 Exclusive of those restored to solvency.
3
Includes 208 passed into liquidation upon expiration of corporate existence.

TABLE NO. 3.—National banks chartered during the year ended Dec. 81, 1959
Charter
No.

Title and location of bank

Capital
stock

COLORADO

14862

Lakeside National Bank, Lakeside

$250,000
FLORIDA

14857
14865
14869

Ormond Beach National Bank, Ormond Beach..
Inter City National Bank of Braderton
Peoples National Bank of North Miami Beach i_

440,000
400,000
600,000
1, 440,000

Total (3 banks)
GEORGIA

14877

Citizens National Bank of Sandy Springs

125,000
_.

IDAHO

14859
Pocatello National Bank, Pocatello...

ILLINOIS

14854

American National Bank of Granite City.
INDIANA

14874
First National Bank, Valparaiso i_

See footnote at end of table.
551461—60
4




250,000
__

_

46

REPORT OF THE COMPTROLLER OF THE

CURRENCY

TABLE N O . 3.—National banks chartered during the year ended ended
Dec. 81, 1959—Continued
Charter
No.

Title a n d location of bank

14888

Northwest Des Moines National Bank, Des Moines i

Capital
stock

IOWA

_

_

_

$150,000

LOUISIANA

14849

Lakeside National Bank of Lake Charles

_

500,000

MARYLAND

14856
14864

Potomac National Bank, Potomac
National Bank of Bethesda-Chevy Chase, Bethcsda
Total (2 banks)

_
_.

_

___
_

250 000
600,000
850,000

MASSACHUSETTS

14850

Worcester County National Bank, Worcester 1

_

3.250.000

MICHIGAN

14881

First National Bank of Big Rapids»

200,000
MISSOURI

14872
14875
14876

Broadway National Bank of Kansas City
T,eawood National Bank of Kansas City Fulton National Bank, Fulton..
Total (3 banks)

_
_

_

_

__

350.000
250 000
200,000
800, 000

N E W YORK"

14853

First National City Trust Company, New York i

_

_

10. 000,000

OHIO

14879

The Geauga County National Bank of Chardon..

_

200,000

OREGON

14860

250.000

First National Bank of Roseburg._
PENNSYLVANIA

14880

Peoples National Bank of Hanover i

150,000

_,
TEXAS

14851
14855
14858
I486!
14863
14867
14870
14871
14878

National Bank of Odessa
Northwest National Bank of Dallas
._
Gulf Coast National Bank of Almeda
^irst National Bank of Kerrville l
T^e First National Bank of Anthony i
Medical CenterBank of Kermit Houston
First National National Bank,
Gateway National Bank of Beaumont
Northgate National Bank of El Paso

.

_

_

__

_
_
_ _ —
_
_

_

Total (9 banks)

200 000
200 000
100.000
150 000
75,000
400 000
100,000
250.000
200,000
1, 675,000

WASHINGTON

14852
14866

Walla Walla National Bank, Walla Walla
Spokane National Bank, Spokane
Total (2 banks)

_

200, 000
500,000

_

700,000

WISCONSIN

14873

Citizens National Bank of Lake Geneva
Total United States (33 banks)

* Conversion of State-chartered bank.




_

175,000
_

21,225,000

EEPORT OP THE COMPTROLLER OF THE CURRENCY

47

TABLE N O . 4.—National banks chartered which were conversions of State banks
during the year ended Dec. SI, 1959

Charter
No.

Title and location of bank

14850

Worcester County National Bank,
Worcester.
First National City Trust Company, New York.
First National Bank of Kerrville....
The First National Bank of Anthony.
Northwest Des Moines National
Bank, Des Moines.
Peoples National Bank of North
Miami Beach.
First National Bank, Valparaiso.-.
Peoples National Bank of Hanover.
First National Bank of Big Rapids.

14853
14861
14863
14868
14869
14874
14880
14881

Approximate
surplus
and undivided
profits

Effective
date of
charter

Authorized
capital

Mass

Jan. 12

$3,250,000

$7,054,797 $138,826,069

N.Y,

Jan. 30

10,000,000

24,595,373

163,574,107

Texas
—do

May 29
June 13

150,000
75,000

253,255
112,963

7,759,557
2,148,804

Iowa

Aug. 18

150,000

288,706

6,425,572

Fla

Sept. 1

600,000

151,393

7,540,441

Oct. 10
Dec. 31
...do

110,000
150,000
200,000

806,303
644,361
348,400

13,109,462
9,831,117
5,603,318

14,685,000

34,257,551

354,818,447

State

Ind
Pa
Mich.

Total (9 banks)

Approximate
assets

TABLE N O . 5.—National banks reported in voluntary liquidation during the year
ended Dec. SI, 1959, the names of succeeding banks in cases of succession, with
dale of liquidation and capital stock
Title and location of bank
The Home National Bank of Union City, Pa. (8879), absorbed by the Union
Bank, Erie, Pa
_.
_
Long Beach National Bank, Long Beach, Calif.' (14609), absorbed by The
United States National Bank of San Diego, Calif
Puget Sound National Bank oi Midway, Kent, Wash. (14730), absorbed by
The Puget Sound National Bank of Tacoma, Wash
First National Bank of Manchester, Conn.* (14640), absorbed by Hartford
National Bank and Trust Company, Hartford, Conn
Kennewick First National Bank, Kennewick, Wash. (14782), absorbed by
Seattle-First National Bank, Seattle, Wash
The First National Bank of Stoutland, Mo. (11467), absorbed by Pulaski
County Bank, Richland. Mo
The Goshen National Bank of Bethesda, Ohio (14261), absorbed by The
First National Bank of Barnesville, Ohio
The First National Bank of Charlotte, Mich. (1758), absorbed by Michigan
National Bank, Lansing, Mich
The Clear Spring National Bank, Clear Spring, Md. (9699), absorbed by The
Second National Bank of Hagerstown, Md
___

Date of
liquidation

Jan. 31,1959

Capital
stock

$50,000

Apr. 17,1959

375,000

Apr. 30,1959

100,000

May 22,1959

500,000

May 29,1959

200,000

July 13,1959

25,000

Sept. 30,1959

75,000

Nov. 28,1959

100,000

Nov. 30,1959

50,000
1,475,000

Total (9 banks)..
NONNATIONAL BANK IN DISTRICT OF COLUMBIA

The City Bank of Washington, D.C.,3 absorbed by American Security and
Trust Company, Washington, D.C
1 With 1 local branch.
2 With 1 branch in Colchester.
3 With 6 local branches.




May 29,1959

$520,000

48

REPORT OF THE COMPTROLLER OF THE

CURRENCY

TABLE NO. 6.—National banks merged or consolidated with and into State banks
under the provisions of Public Law 706 (12 U.S.C 214) > approved Aug. 17, 1950',
and the laws of the States where the banks are located, during the year ended Dec.
31, 1959, with the effective date and the capital stock
Title and location of bank
The Bethel National Bank, Bethel, Conn. (10289), merged with and into The
Fairfield County Trust Company, Stamford, Conn
Adirondack National Bank and Trust Company of Saranac Lake, N.Y. (5072),
merged with and into The Northern New York Trust Company, Watertown, N.Y.
The First National Bank and Trust Company of Milford, Del. C2340), merged
with and into Wilmington Trust Company, Wilmington, Del...
The First National Bank of Seaford, Del.1 (795), merged with and into Bank
of Delaware, Wilmington, Del
_
Monroe County National Bank of East Stroudsburg, Pa. (5578), merged with
and into Stroudsburg Security Trust Company, Stroudsburg, Pa., and
under the title'' M onroe S ecurity B ank and Trust C ompany''
The Citizens National Bank of Petersburg, VsJ (13792), merged with and
into State-Planters Bank of Commerce and Trusts, Richmond, Va
The Towson National Bank, Towson, Md.3 (3588), merged with and into
Mercantile-Safe Deposit and Trust Company, Baltimore, Md
City National Bank & Trust Company of Danbury, Conn.* (1132), merged
with and into City Trust Company, Bridgeport, Conn
The First National Bank and Trust Company of Ridge ".eld, Conn.« (5309),
merged with and into The Fairfield County Trust Company, Stamford,
Com
The First National Bank of Newcomerstown, Ohio (5262), merged with and
into The Reeves Banking and Trust Company, Dover, Ohio, and under
the title "The Reeves Banking & Trust Company"
The First National Bank of Dagsboro, Del. (8972), merged with and into The
President, Directors and Company of the Farmers Bank of the State of
Delaware, Dover, Del
The Citizens and Manufacturers National Bank of Waterbury, Conn. (2494),
merged with and into The Colonial Trust Company, Waterbury and under
the title "The Colonial Bank and Trust Company"
The First National Bank of Wolcott, N.Y. (5928), merged with and into
Security Trust Company of Rochester, N.Y
First National Bank of Roaring Spring, Pa. (12304), merged with and into
The Altoona Trust Company, Altoona, Pa
Danbury National Bank, Danbury, Conn. (943), merged with and into The
Fairfield County Trust Company, Stamford, Conn.,
The Peoples National Bank of Laurel, Del. (6726), merged with and into The
P esident, Directors and Company of the Farmers Bank of the State of
Delaware, Dover, Del
The National City Bank of Troy, N.Y.* (7612), merged with and into State
Bank of Albany, Albany, N.Y
The First National Bank of Westfield, Mass. (190), merged with and into
Valley Bank and Trust Company, Springfield, Mass
Ilion National Bank and Trust Company, Ilion, N.Y. (1670), merged with and
into Marine Midland Trust Company of the Mohawk Valley, Utica, N.Y..
The First National Bank of Martinsburg, Pa. (7974), merged with and into
Hollidaysburg Trust Company, HolMaysburg, Pa
The First National Bank of Tustin, Calif. (10134), merged with and into First
Western Bank and Trust Company, San Francisco, Calif.
First National Bank of Raleigh, N.C.' (14780), merged"with and into American
,r
"""
Commercial Bank, Charlotte, N.C
The Citizens National Bank of Durham, N.C.8 (7698), merged with and into
Durham Bank & Trust Company, Durham
The Housatonic National Bank of Stockbridge, Mass. (1170), merged with and
into The Berkshire Trust Company, Pittsfield, Mass., and under the title
"Berkshire Housatorric Trust Company"
The First National Bank of Beilefonte, Pa. (459), mergei with and into Bellefonte Trust Company, Bellefonte, and under the title "First Bellefonte
Bank and Trust Company"
T o t a l (25 b a n k s ) .

i With 1 local branch.
a With 3 local branches.
3 With 1 local branch and 1 in Timonium.
« With 1 local branch.
» With 1 branch in Redding.
6
With 1 branch each in Cohoes, Latham, Ticonderoga, and Port Henry.
7
With 2 local branches.
8
With 3 local branches and 1 in Roxboro.




Capital
stock

Effective
date
Jan.

2,1959

$140,000

.—.do

250,000

Jan. 30,1959

250,000

do-

_.

150,000

Jan. 23,1959

150,000

Mar. 4,1959

500,000

Mar. 6,1959

300,000

Mar. 30,1959

350,000

May 8,1959

240,000

May 29,1959

75,000

._—do

100,000

June 30,1959

800,000

June 15,1959

150,000

June 19,1959

50,000

Aug. 7,1959

300,000

Aug. 14,1959

100,000

Sept. 25,1959

600,000

Sept. 18,1959

150,000

Sept. 30,1959

200,000

Sept. 11,1959

75,000

Oct. 30,1959
._—do

50,000
200,000

Oct. 31,1959

250,000

Nov. 13,1959

75,000

Dec. 31,1959

200,000
5,705,000

REPORT OF THE COMPTROLLER OF THE CURRENCY

49

TABLE N O . 7.—National banks converted into State banks under the provisions of
Public Law 706 (12 U.S.C. 214), approved Aug. 17, 1950, and the laws of the
States where the banks are located, during the year ended Dec. 81, 1959, with the
effective date and the capital slock
Title and location of bank

Effective
date

First National Bank in Armour, S. Dak. (13549), converted into First State
Bank, Armour
___
The Farmers National Bank of Owenton, Ky. (2968), converted into Farmers
Bank, Owenton

Dec. 31,1959
do

Capital
stock
$66,000
60,000

Total (2 banks).

126,000

TABLE N O . 8.—Purchases of State banks by national banks reported during the
year ended Dec. 31, 1959, with title, location, and capital stock of the State banks,
and effective dates of purchase
Effective
date

Title and location of bank
The National Bank of Commerce of Seattle, Wash. (4375), purchased The
Ritzville State Bank, Ritzville, Wash
_
_
First Security Bank of Utah, National Association, Ogden, Utah (2597), purchased The Fillmore State Bank, Fillmore, Utah
The First National Bank and Trust Company of Kalamazoo, Mich. (191),
purchased Centreville State Bank, Centreville, Mich
_
Michigan National Bank, Lansing, Mich. (14032), purchased The Eaton
County State Bank of Charlotte, Mich
The First National Bank and Trust Company of Crawfordsville, Ind. (571),
purchased The Farmers State Bank, Wingate, Ind
Total (5 banks)..

_

Capital
stock

Apr. 17,1959

$25,000

Apr. 30,1959

75,000

Aug. 31,1959

50,000

Nov. 28,1959

200,000

do—

25,000
375,000

_

TABLE N O . 9.—Consolidations of national banks, or national and State banks,
during the year ended Dec. 81, 1959, under sees. 1, 2, and 3 of the act of Nov. 7,
1918, as amended
Capital
stock
The Black River National Bank of Lowville, N.Y.
(2426), with
and The Watertown National Bank, Watertown,
N.Y. (2657), which had
consolidated Jan. 23, 1959, under charter and title of
the latter bank (2657). The consolidated bank at
date of consolidation had
Citizens State Bank, Milford, Ind., with
and First National Bank of Warsaw, Ind. (14382),
which had
consolidated Jan. 31, 1959, under charter and title of
the latter bank (14382). The consolidated bank at
date of consolidation had
The Ridgefield National Bank, Ridgefield, N.J.
(12037), with
and National Community Bank of Rutherford, N.J.
(5005), which had
consolidated Feb. 27,1959, under charter and title of
the latter bank (5005). The consolidated bank at
date of consolidation had
The Berrien Springs State Bank, Berrien Springs,
Mich., with
and First National Bank of Niles, Mich. (13753),
which had
consolidated Feb. 28,1959, under charter and title of
the latter bank (13753). The consolidated bank at
date of consolidation had




Undivided
profits

Total

$100,000

$165,000

$141,693

$5,101,971

650,000

650,000

431,813

25,128,456

800,000
35,000

800,000
45,000

546,506
114,003

30,238,427
2,409,283

225,000

225,000

167,904

8,312,140

285,000

285,000

241,907

10,721,423

550,000

550,000

442,137

23,539,555

2,000,000

2,000,000

492,235

76,997,298

3,031,250

2,750,000

253,122

100,536,853

100,000

112,500

27,752

2,965,095

375,000

625,000

82,660

17,762,506

465,000

747,500

110,413

20,727,601

50

REPOBT OF THE

COMPTROLLER OF THE

CURRENCY

TABLE N O . 9.—Consolidations of national banks, or national and State banks,
daring the year ended Dec. 31, 1959, under sees. 1, 2, and 3 of the act of Nov. 7,
1918, as amended—Continued
Capital
stock
The Western National Bank of York, Pa.* (2303), with.
The Farmers and Merchants National Bank of Red
Lion, Pa. (6708], with
and The York County National Bank, York, Pa.
(694), which had
_
consolidated Feb. 28, 1959, under charter of the lastnamed bank (694), and title "National Bank of
York County." The consolidated bank at date of
consolidation had _
Central Bank of Mobile, Ala., with
_
First Commercial Bank, Chickasaw, Ala., with
and The American National Bank & Trust Company,
Mobile, Ala. (13414), which had
consolidated Mar. 23,1959, under charter and title of
the latter bank (13414). The consolidated bank at
date of consolidation had
_
_
The Oxford Bank, Ne wcomerstown, Ohio, with
and The National Bank of Dover, Ohio (4293), which
had
.
..._
_
consolidated Mar. 28,1959, under charter and title of
the latter bunk (4293). The consolidated bank at
date of consolidation had
—*
The First National Bank of WhitesviUe, N.Y. (7850),
with..*
._..
and rtie Citizens National Bank of Wellsville, N.Y.
(4988), which had_
.._.
consolidated Mir. 31,1959, under charter and title of
the latter bank (4988). The consolidated bank at
date of consolidation had
_
_
_
West Hudson National Bank of Harrison, NJ.2 (13537),
with
and The First National Bank of Jersey City, N J .
(374), which had
Consolidated Apr. 3, 1959, under charter and title of
the latter bank (374). The consolidated bank at
date of consolidation had
_
Bethlehem National Bank, Bethlehem, Pa.s (14007),
with
and The First National Bank and Trust Company of
Bethlehem, Pa. (138), which had
consolidated Apr. 10, 1959, under charter and title of
the latter bunk (138). The consolidated bank at
date of consolidation had
Bank of Morven, N.O., with
_.
. and The First National Bank of Wadesboro, N.C.
(4947), which had
_
_
consolidated Apr. 15,1959, under charter of the latter
bank (4947), and title "The First National Bank of
Alison County, Wadesboro." The consolidated
bank at date of consolidation had
The First National Bank of Garrettsville, Ohio (2034),
with
.._„_.
and The Kent National Bank, Kent, Ohio (652),
which had
..
*
consolidated May 29,1959, under charter of the latter
bank (652), and title "The Portage County National
Bank of Kent." The consolidated bank at date of
consolidation had
_
The Easton Trust Company, Easton, Pa.*, with.
..
and The Easton National Bank, Easton, Pa. (1233),
which had
_
consolidated May 29,1959, under charter of the latter
bank (1233), and title "Easton National Bank and
Trust Company." The consolidated bank at date
of consolidation had
Randolph Trust Company, Randolph, Mass.5, w i t h . . .
and South Shore National Bank of Quincy, Mass.
(14798), which had
_
_
consolidated May 29,1959, under charter and title of
the latter bank (14798). The consolidated bank at
date of consolidation had

See footnotes at end of table.




Undivided
profits

Total

$600,000

$1,200,000

$526,875

225,000

900,000

246,632

15,781,849

1,000,000

1,600,000

494,884

28,073,700

2,227,500
200,0G0
112,500

3,700,000
60,000
15,000

746,883
63,706
44,787

66,844,227
4,621,442
2,677,854

1,000,000

1,000,000

569,237

40,089,989

1,500,000
60,000

1,500,000
60,000

627,730
43,070

47,389,285
1,947,706

400,000

400,000

285,135

12, 555,856

472,000

528,000

248,205

14,503,561

25,000

150,000

37,059

1,806,873

360,000

360,000

221,871

11,327,641

453,750

600,000

100,180

13,134,515

522,000

404,500

194,916

20,963,813

4,000,000

4,000,000

1,705,523

180,244,694

4,725,000

4,725,000

1,

200,648,941

300,000

700,000

601,242

18,228,900

1,100,000

2,100,000

143,009

45,940,117

1,512,500
25,600

1,025,000
14,400

406,751
33,591

64,169,017
605,591

100,000

300,000

117,577

5,101,465

5,707,055

$22,988,577

112,800

400,000

78,368

200,000

200,000

280,527

5,924,795

400,000

800,000

387,042

17,251,014

560,000
300,000

1,040,000
1,400,000

667,569
524,286

23,175,809
26,497,345

700,000

1,000,000

562,851

27,186,650

1,174,000
200,000

2,400,000
160,000

913,136
140,747

53,683,996
6,234,031

1,250,000

2,500,000

324,653

41,624,631

1,450,000

2,800,000

315,401

47,825,683

REPORT OF THE COMPTROLLER OP THE CURRENCY

51

TABLE N O . 9.—Consolidations of national banks, or national and State banks,
during the year ended Dec. 81, 1959, under sees. 1, 2, and 3 of the act of Nov. 7,
1918, as amended—Continued
Capital
stock
The Union National Bank of Frenchtown, N.J. (1459),
with
and The Hunterdon County National Bank of Flemington, N.J. (892), which had
consolidated June 12,1959, under charter and title of
the latter bank (892). The consolidated bank at
date of consolidation had
The Lincoln National Bank, Lincoln, Pa. (3198), with..
and The Farmers National Bank of Ephrata, Pa.
(4923), w^hich had
consolidated July 11, 1959, under charter and litle of
the latter bank (4923). The consolidated bank at
date of consolidation had
_.
Fidelity Bank & Trust Company, Indianapolis, Ind. 6 ,
with
and American Fletcher National Bank and T n st
Company, Indianapolis, Ind. (13759), which h a d . . .
consolidated July 31, 1959, under charter and title of
the latter bank 03759). The consolidated I a u l at
date of consolidation had
The First National Bank of Jackson Center, Ohio
(8536), with
_
_..
and The Citizens National Bank of Sidney, Ohio
(7862), which had
_._
consolidated July 31,1959, under charter of the latter
bank (7862), and title " T h e Citizens Bauihn an
National Bank of Sidney." The consolidated bank
at date of consolidation had
The First Sa1 ints Bank and Trust Company, Ravenna,
Ohio, with
and The First National Bank of Mantua, Ohio (5370),
which h a d . .
—
consolidated July 31, U'50, under charier of the latter
bank and title" The First National Bank and Trust
Company of Ravenna." The consolidated bank
at date of consolidation had
Fidelity Trust Company, Pittsburgh, Pa, 7 with
and Peoples First National Bank & Trust Company,
Pitts* ureh, Pa. (252), which had
consolidated Sept. 11,1959, under charter of the latter
bank (252), and title "Pittsburgh National Bank."
The consolidated hank at date of consolidation had.
The Brilliant Bank and Savings Company, Brilliant,
Ohio, with
and The First National Bank and Tn.st Company
in Steubem ille, Ohio (2160), which had
_
consolidated Sept. 12,1959, under charter and title of
the latter hank (2160). The consolidated Lank at
date of consolidation had
_
The Moores Hill State Bank, Moores Hill, Ind., with..
and The Peoples National Bank of Lawrencet un,
Ind. (2612), which had
_
consolidated Sept. 29,1959, under charter and title of
the latter hank (2612). The consolidated bank at
date of consolidation had ._
,
The State S a i n i s hank, Bridgman, Mich.,* vith
and Farmers and Merchants National Bank in
Benton IIart or, Mich. (13833), which had
consolidated Sept. 30, 1959, under charter and title of
the latter bank (13£33). The consolidated bank at
dat e of consolidation had
The York National Bank of Saco, Maine 9 (1528), with..
and The Canal National Bank of Portland, Maine
(941), which had
consolidated Oct. 31.1959, under charter of the latter
bank (941), and title "Canal National Bank."
The consolidated bank at date of consolidation had_.
Central Bank and Trust Company of Great Neck,
N. Y.,J° with.. _
and The Meadow Brook National Bank of Nassau
County, West llempstead, N.Y. (7703), which had..
consolidated Nov. 10, 1^59, under charter and title of
the latter bank (7703). The consolidated bank at
date of consolidation had

See footnotes at end of table.




Undivided
profits

Total
assets

$100,000

$260,000

$27,448

$4,784,440

540,000

1,200,000

244,765

23,820,258

660,000
60,000

1,440, CCO
200,0C0

280,554
58,261

28,613,040
2,893,925

125,000

375,000

145,142

7,390,165

185,000

575,000

203,403

10,284,091

2,568,750

3,000,000

1,177,163

195.584,491

5,000,000

15,000,000

3,534,214

338,613,174

6,798,120

18,201,880

5,280,127

511,488, 625

100,000

150,000

38,312

2,784,625

250,000

600,000

159,768

7,148,728

460,000

640,000

197,565

9,933,353

300,000

1,200,000

301,919

22, 689,614

100,000

200,000

282,261

4,942,368

450.000
5,078,030

1.550,000
29,921,970

358,878
3,356,920

27,424,698
340,663,107

16,720,000

28,680,000

3,964,999

633,561,186

30,261,400

50, 738,600

6,721,919

973,946,317

50,000

215.000

34, 795

2,092,054

1,375,000

2,000,000

593,594

52,020,801

1,475,000
25,000

2, 215,000
50.000

558,728
27,922

54,132,524
910,244

100,000

200,000

411,082

8,135,055

112, 500
100,000

262, 500
100,000

439,004
119,053

9,045,299
4,029,245

750,000

366,000

605,456

25,165,565

890,000
250,000

460,000
250,000

684. 508
111, 151

29,194,810
6,683,787

1,400,000

1,400,000

465,815

39,925,675

2,000,000

1,300,000

575,133

45,125,567

2,379,450

1,535,030

267,000

52,964,990

8,314,165

8,315,835

1, 710,781 383,922,987

7,

5,172,261

10,003,570

436,887,977

52

REPORT OF THE

COMPTROLLER OF THE

CURRENCY

TABLE NO. 9.—Consolidations of national banks, or national and State banks,
during the year ended Dec. SI, 1959, under sees. 1, 2, and 3 of the act of Nov. 7,
1918, as amended—Continued
Capital
stock
Hill Top Bank, Pittsburgh, Pa., with..
and Western Pennsylv ania National Bank, McKeesport, Pa. (2222), which had
consolidated Nov. 14,1959, under charter and title of
the latter bank (2222). The consolidated bank at
date of consolidation had
The Essex County National Bank of Willsboro, N.Y.
(11971), with
and The Lake Champlain National Bank of Westport, N.Y. (9405), which had
consolidated Nov. 20,1059, under charter of the latter
bank (9405), and title," Essex County-Champlain
National Bank, Willsboro." The consolidated
ban* at date of consolidation had
The Croatian National Bank, Croghan, N.Y. (10948),
with
and The Watertown National Bank, Watertown,
N.Y. (2657), which had
consolidated Nov. 30,1959, under charter and title of
the latter batik (2657). The consolidated bank at
date of consolidation had
The Farmers National Bank of Beaver Falls, Pa. 11
(4894), with
and The Union National Bank of Pittsburgh, Pa.
(705), which had
consolidated Dec. 4, 1959, under charter and title of
the latter bank (705). The consolidated bank at
• date of consolidation had
The National Ulster County Bank of Kingston, N.Y.
(13322), with
and The Stateof New York National Bank, Kingston,
N.Y. (955), which had
consolidated Dec. 31,1959, under charter and title of
the latter bank (955). The consolidated bank at
date of consolidation had
Bank of Amherst, Va.,12 with
and The Lynchburg National Bank and Trust Company, Lynchbura:, Va. (1522), which had
consolidated Dec. 31, 1959, under charter and title of
the latter banx. (1522). The consolidated bank: at
date of consolidation had
The First National Bank of Mount Airy, Md. (7160),
with
_
and Farmers and Mechanics-Citizens National Bank
of Frederick, Md. (1267), which had
consolidated Dec. 31, 1959, under charter and title of
the latter ban* (1267). The consolidated bank at
date of consolidation had
__.

$200,000

Surplus

$750,000

Undivided
profits
$186,466

Total
$6, 705, 336

5, 550,000

6,450,000

3, 512, 625 189, 012, 531

5,870,000

7,630,000

3,149,091

25,000

125,000

127,318

3,106,089

25,000

170,000

70, 354

2, 738, 626

190,000

190, 000

162, 672

5,844, 715

50,000

150,000

126,146

3,922, 729

800,000

800,000

729, 529

31, 675,313

920,000

920,000

815,675

35, 598,042

600,000

600,000

355, 385

17,965, 844

2,850,000

10,000,000

1,227,347

123,004,252

3,279,000

10, 721,000

1, 662, 738 141,103, 960

250,000

250,000

88, 761

3, 635,986

450,000

750,000

363,001

14,288, 069

700,000
129,000

1,000, 000
100,000

451, 761
62,208

17, 924, 055
4,332, 590

1,000,000

1, 500,000

589,483

35,027,015

1,200,000

1, 600,000

328,001

39,459,093

175,000

300,000

92,133

5,258, 619

750,000

2,250,000

990, 272

39,071, 735

1,375,000

2,125,000

1,057,405

44,330, 354

195, 717,867

1 With 1 local branch and 1 each in Hellam and Manchester Township.
2 With 1 branch in Kearney.
3 With 1 local branch.
< With 1 local branch and 1 in Palmer Township.
« With 1 branch in Holnrook.
6
With 11 local branches and 1 each in Oaklandon, Lawrence, Southport, Pike Township, and Speedway.
7 With 9 local branches, and 1 each in Verona, Bloomfield, Butler, Castle Shannon, Qreentree, Monroesville, and Wil insourg.
s With 1 branch in Stevensville.
9
With 1 branch in Old Orchard Beach.
i° With 1 branch each in East tiills, New Hyde Park, Port Washington, and Lynbrook.
u With 1 local branch and 1 in Koppel.
1 With 1 branch in Madison Heights.
2




REPORT OP THE COMPTROLLER OF THE CURRENCY

53

TABLE NO. 10.—Mergers of national banks, or national and State banks, during
the year ended Dec. 31, 1959, under sees. 4 o,nd 5 of the act of Nov. 7, 1918, as
amended
Capital
stock
First National Bank in St. Clairsville, Ohio (13922),
with
and The Bridgeport National Bank, Bridgeport,
Ohio (14050), which had
merged Jan. 2,1959, under charter of the latter bank
(14050), and title "Belmont County National
Bank, St. Clairsville." The merged bank at date
of merger had
First National Bank in McFarland, Calif. (14629),
with
Tulare County National Bank of Visalia, Calif.
(14624), with
_
and Security-First National Bank, Los Angeles,
Calif. (2491), which had
merged Jan. 30, 1959, under charter of the lastnamed bank (2491), and title "Security First
National Bank." The merged bank at date of
merger had
The First National Bank of Wrightsville, Pa. (246),
with
and The York National Bank and Trust Company,
York, Pa. (604) which had
merged Jan. 27, 1959, under charter and title of the
latter bank (604). The merged bank at date of
merger had
Savings Bank and Trust Company, Richmond, Va.,
with
and First and Merchants National Bank of Richmond, Va. (1111), which had
merged Jan. 30, 1959, under charter and title of the
latter bank (1111). The merged bank at date of
merger had..
_..
Bank of Greene, Incorporated, Standardsville, Va.,
with
and The Peoples National Bank of Charlottesville,
Va. (2594), which had
merged Feb. 5, 1959, under charter and title of the
latter bank (2594). The merged bank at date of
merger had
__.
The North American Bank Company, Cleveland,
Ohio,* with
and Central National Bank of Cleveland, Ohio
(4318), which had
merged Feb. 28, 1959, under charter and title of the
latter bank (4318). The merged bank at date of
merger had
_.
The Farmers National Bank of Hudson, N.Y. 2 (990),
with
and The National Commercial Bank and Trust
Company of Albany, N.Y. (1301), which had
merged Mar. 6, 1959, under charter and title of the
latter bank (1301). The merged bank at date of
merger had
Baker State Bank, Baker, Oreg., with.
and The First National Bank of Oregon, Portland,
Oreg. (1553), which had
merged Mar. 14, 1959, under charter and title of the
latter bank (1553). The merged bank at date of
merger had
The First National Bank of Baker, Oreg. (2865), with.
and The United States National Bank of Portland,
Oreg. (4514), which had
merged Mar. 14, 1959, under charter and title of the
latter bank (4514). The merged bank at date of
merger had
The Ridgedale Bank & Trust Company, Chattanooga, Term.3, with
and The Hamilton National Bank of Chattanooga,
Tenn. (7848), which had
merged May 15, 1959, under charter and title of the
latter bank (7848). The merged bank at date of
merger had
Pioneer Dime Bank, Carbondale, Pa., with
and Northeastern Pennsylvania National Bank and
Trust Company, Scran ton, Pa. (77), which had-...
merged May 22, 1959, under charter and title of the
latter bank (77). The merged bank at date of
merger had

See footnotes at end of table.




Surplus

Undivided
profits

Total
assets

$100,000

$300,000

$152,363

$10,973,344

200,000

300,000

107,001

7,199,536

200,000

300,000

53,574

18,092,091

100,000

80,300

46,693

2,643,408

150,000

350,000

134,682

13, 542, 506

73,500,000

73, 500,000 75, 225,168 3,414,675,149

73,902, 500 76,909,500

73,086,842 3,430,861,062

150,000

300,000

76,244

3,586,099

1,335,000

2,900,000

1,101,289

51,221,605

1,485,000

3,200,000

1,177,407

54,807,578

400,000

600,000

715,385

11,609,874

5,400,000

8,600,000

3,399,601

238,964,676

6,000,000

9,000,000

4,114,987

250, 574, 550

60,000

100,000

5*, 626

2,618,068

1, 778,960

3,351,040

1,885,669

74,687,482

1,868,960

3,451,040

1,913,295

77,305,550

600,000

600,000

419,161

20,677,076

16,400,000

21,600,000

2, 554,175

566,490,936

17,360,000 22,640,000

2,173,335

585,918,763

300,000

300,000

225,934

10,820,913

5, 562,975 10,437,025

3,652, 766

276,901,062

5,922,975
50,000

10,437,025
100,000

4,118,700
134,621

287,636,663
4,075,338

20,000,000

30,000,000

19,925,355

940,800,853

20,100,000
200,000

30,050,000
600,000

20,059,976
237, 599

944,876,191
12,885,549

22,000,000

22,000,000

22,042,121

876,133,800

22,540,000

22,540,000

21,964,621

888,362,822

350,000

70,000

316,053

11,894,271

3,000,000

6,000,000

1,921,321

159,428,220

3,500,000
4
150,000

6,500,000
105,454

1,657,374
118,130

170,992,734
5,004,212

5,454,000

5,546,000

3,440,320

158,265,320

5,562,000

5,638,000

3,613,903

162,924,208

54

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE N O . 10.—Mergers of national banks, or national and State banks, during
the year ended Dec. 81, 1959, under sees. 4 and 5 of the act of Nov. 7, 1918, as
amended—Continued
Capital
stock
First National Bank in Tarentum, Pa. 6 (13940), with,
and The Union National Bank of Pittsburgh, Pa.
(705), which had
merged May 29,1959, under charter and title of the
latter bank (705). The merged bank at date of
merger had
Pikes ville-Peoples Bank, Pikesville, Md., with
_
and Fidelity-Baltimore National Bank, Balitmore,
Md. (13745), which had
merged May 29,1959, under charter and title of the
latter bank (13745). The merged bank at date of
merger had
The First National Bank of Ayer, Mass. (3073), with.
The Townsend National Bank, Townsend, Mass.
(805), w i t h . . .
First National Bank in Pepperell (P.O. East Pepperell), Mass. (13933), with
and Union National Bank of Lowell, Mass. (6077),
which had
_
merged May 29, 1959, under charter and title of the
last-named bank (6077). The merged bank at
date of merger had
County National Bank and Trust Company of Santa
Barbara, Calif.e (2456), with
and Crocker-Anglo National Bank, San Francisco,
Calif. (1741), which had
merged May 29,1959, under charter and title of the
latter bank (1741). The merged bank at date of
merger had
First Jeannette Bank and Trust Company, Jeannette,
Pa., with
_
and Peoples First National Bank & Trust Company, Pittsburgh, Pa. (252). which had.
merged June 33, 1959, under charter and title of the
latter bank (252). The merged bank at date of
merger had
The Tuscaloosa Bank, Tuscaloosa, Ala., with
and The City National Bank of Tuscaloosa, Ala.
(6173), which had
merged July 11, 1959, under charter and title of the
latter bank (6173). The merged bank at date of
merger had
_
National Central Bank of Baltimore, M d ; (11207),
with
and The First National Bank of Baltimore, Md.
(1413), which had
merged July 17, 1959, under charter and title of the
latter bank (1413). The merged bank at date of
merger had
The First National Bank of Orange Cove, Calif.
(11616), with
and Security First National Bank, Los Angeles,
Calif. (2491), which h a d . . .
merged Aug. 14,1959, under charter and title of the
latter bank (2491). The merged bank at date of
merger had
The Peoples National Bank of Stewartstown, Pa.
(6444), with
and National Bank of York County, York, Pa.
(694), which had
merged Aug. 28,1959, under charter and title of the
latter bank (694). The merged bank at date of
merger had
The Romeo Savings Bank, Romeo, Mich., with
and Community National Bank of Pontiac, Mich.
(13739), which had
merged Aug. 31,1959, under charter and title of the
latter bank (13739). The merged bank at date of
merger had
The Depositors National Bank of Durham, N.C.s
(13657), with
and Security National Bank of Greensboro, N.C.
(13761), which had
merged Sept. 5, 1959, under charter and title of the
latter bank (13761). The merged bank at date of
merger had

See footnotes at end of table.



Surplus

Undivided
profits

Total
assets

$300,000

$400,000

$205,084

$11,056,433

2,850,000

10,000,000

1,084,876

115,902,099

2,850,000
300,000

10,000,000
300,000

617,596
131,452

126,841,630
10,441,712

4,097,500

12,902,500

2,524,949

293,440,419

4,367,500
100,000

13,632,500
200,000

2,286,401
202,895

303,341,164
5,094,105
1,620,285

75,000

125,000

52,626

50,000

90,000

31,670

1,936,792

1,320,000

2,180,000

1,136,643

60,597,382

1,651,250

3,041,250

863,334

69,240,564

1,000,000

1,000,000

1,046,840

49,127,336

50,416,250

50,416,250

16,172,181

1,711,758,302

51,966,250

51,966,250

16,072,521

1,760,885,638

200,000

500,000

304,552

10,179,152

16,320,000

28,680,000

4,148,824

627,282,825

16,720,000
160,000

28,680,000
40,000

4,148,824
10,390

635,694, 596
2,312,229

750,000

1, 594,105

204,892

22,711,454

1,650,000

894,105

215,282

24,945,387

600,000

600,000

565,268

26,401,622

5,000,000

15,000,000

6,340,856

336,197,085

5,450,000

16, 550,000

5,867,089

359,759,214

100,000

200,000

93,807

4,752,290

73,902,500

76,097,500

80,851,979

3,480,519,871

81,430,250

88,569,750

61,245,786

3,485,272,162

75,000

300,000

67,977

4,908,006

2,227,500

3,772,500

998,088

67,819,655

2,377,500
300,000

4,072,500
172,208

991,065
101,556

72,727,662
5,333,384

2,750,000

2,750,000

986,757

107,336,698

2,900,000

2,900,000

1,065,521

112,670,082

500,000

600,000

208,424

12,498,560

2,500,000

7,500,000

1,376,664

136,364,761

2,875,000

8,225,000

1,564,948

148,689,170

REPORT OF THE COMPTROLLER OF THE CtTRRENCY

55

TABLE N O . 10.—Mergers of national banks, or national and State banks, during
the year ended Dec. 81, 1959, under sees. 4 and 5 of the act of Nov. 7, 1918, as
amended—Continued
Capital
stock
Security State Bank, Everett, Wash., with
and "National Bank of Washington, Tacoma,
Wash.," Tacoma, Wash. (3417), which had
merged Sept. 18,1959, under charter and title of the
latter bank (3417). The merged bank at date of
merger had
The First National Bank of Monterey, Calif.»(7058),
with
The First National Bank of Pacific Grove, Calif.
(13375), with
The Bank of Carmel, Calif., with
and Crocker-Anglo National Bank, San Francisco,
Calif. (1741), which had
merged Sept. 25,1959, under charter and title of the
last-named bank (1741). The merged bank at
date of merger had
The Manufacturers National Bank of Ilion, N.Y.
(9109), with
and The Oneida National Bank and Trust Company of Utica, N.Y. (1392), which had
merged Oct. 9,1959, under charter of the latter bank
(1392), and title "The Oneida National Bank
and Trust Company of Central New York."
The merged bank at date of merger had
_
The First National Bank of Kinsman, Ohio (13836),
with
and The Mahoning National Bank of Youngstown,
Ohio (2350), which had
merged Oct. 31, 19E9, under charter and title of the
latter bank (2350). The merged bank at date of
merger had
"The Centerville State Bank of Centerville, Ind.,"
Centerville, Ind., with
and The Second National Bank of Richmond, Ind.
(1988), which had
merged Nov. 4, 1959, under charter and title of the
latter bank (1988). The merged bank at date of
merger had
First National Bank of Vernon, Calif. (11362), w i t h . . .
Bank of Whittier, Calif.," with
and Citizens National Bank, Los Angeles, Calif.
(5927), which h a d . .
_
_
merged Nov. 30,1959, under charter and title of the
last-named bank (5927). The merged bank at
date of merger had
National Bank of Wilson, N . C . " (13626), with
Durham Industrial Bank, Durham, N.C., with
and First Union National Bank of North Carolina,
Charlotte, N.C. (9164), which had_.__
merged Dec. 11, 1959, under charter and title of the
last-named bank (9164). The merged bank at
date of merger had
The Waterville State Savings Bank Company,
Waterville, Ohio, with
and The National Bank of Toledo, Ohio (14586),
which had
_
_
__
merged Dec. 28, 1959, under charter and title of the
latter bank (14586). The merged bank at date of
merger had
The First National Bank of Ashland, Va.« (11978),
with
and First and Merchants National Bank of Richmond, Va. (1111), which had
merged Dec. 31,1959, under charter and title of the
latter bank (1111). The merged bank at date of
merger had
The Romulus State Bank, Romulus, Mich., with
and Manufacturers National Bank of Detroit,
Mich. (13738), which had
merged Dec. 31,1959, under charter and title of the
latter bank (13738). The merged bank at date of
merger had
1 With 2 local branches.
2 With 1 branch each in Copake, and Philinont.
3 With 1 local branch and 1 in East Ridge.
* Includes $100,000 preferred capital stock.
s With 1 branch in Lower Burrcll Township,
e With 1 local branch and 1 in Montecito.




Surplus

Undivided
profits

Total
assets

$100,000

$50,000

$54,226

$3,284,931

5,525,063

5,624,937

3,000,095

191,240,565

5,600,063

5,699,937

2,904,321

194,368,335

200,000

350,000

200,688

11,956,813

100,000
100,000

200,000
200,000

115,213
514,060

5,559,203
12,422,427

51,966,250

51,966,250

17,927,243

1,752,731,404

53,066,250

53,066,250

17,707,203

1,782,669,847

200,000

200,000

412,237

6,797,770

1,963,820

6,000,000

1, 666,259

115,876,713

2,128,820

6,500,000

1,813,496

122,674,483

125,000

125,000

145,256

3,795,052

2,455,000

3,620,000

853,991

84,862,621

2,605,000

3,720,000

999,247

88,657,672

25,000

50,000

38,492

1,785,905

1,000,000

1,000,000

1,220,949

45,651, 671

1,400,000
500,000
375,000

1,400,000
500,000
302,748

534,440
147,864
123,027

47,359,268
6,099,446
12,716,576

12,600,000

19,400,000

7,655,592

567,658,320

13,325,000
400,000
100,000

20,675,000
600,000
150,000

7,604,231
329, 779
132,844

585,557,371
15, 519,739
2,294,365

2, 515,000

7,485,000

1,915,787

146,150,345

2,975,000

8,025,000

2,628,410

163,372,031

50,000

100,000

91,696

2,689,964

3,000,000

3,000,000

717,180

110,997,193

3,162, 500

3,162,500

649,335

113,738,816

131,250

257,750

165,270

6,945,014

6,000,000

9,000,000

4,913,893

265,674,193

6,192,500
200,000

9,307,500
200,000

4,938,163
163,733

272,031,465
6,645,822

12, 628,500

28,071,500

13,994,874

843,727,352

12,728,500

28,271,500

14,158,607

849,935,442

i With 1 local branch.
s With 1 local branch.
» With 1 branch in Seaside.
10
With 1 local branch and 1 in La Habra.
" With 2 local branches.
1 With 1 branch in Montpelier.
2

56

REPORT OF THE COMPTROLLER OF THE

CURRENCY

TABLE N O . 11.—Number of domestic branches of national banks authorized during
the year ended Dec. 31, 1959

Charter
No.

Title and location of bank

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

ALABAMA
3185
14569
14414
1595
13414
13097
1853
6173

The First National Bank of Birmingham
Birmingham Trust National Bank, Birmingham
State National Bank of Decatur..
The First National Bank of Mobile
_
The American National Bank & Trust Company of Mobile..
The Merchants National Bank of Mobile
The First National Bank of Tuskaloosa, Tuscaloosa
The City National Bank of Tuscaloosa

12072
14691
14651
14747

The First National Bank of AnchorageCity National Bank of Anchorage
National Bank of Alaska in AnchorageAlaska National Bank of Fairbanks

3728
14324

First National Bank of Arizona, Phoenix..
The Valley National Bank of Phoenix

14818
14461
14016

American National Bank of North Little RockFirst National Bank of Magnolia
National Bank of Commerce of Pine Bluff
The Simmons National Bank of Pine Bluff

14695
14670
14632
5927
2491
8181
3050
10391
13044
1741
2158
12640

City National Bank of Beverly Hills
Community National Bank of Buttonwillow
National City Bank of Long Beach
Citizens National Bank, Los Angeles
Security First National Bank, Los Angeles_.__
__
The First National Bank of Orange
The First National Trust and Savings Bank of San Diego
The United States National Bank of San Diego
Bank of America National Trust and Savings Association, San Francisco.
Crocker-Anglo National Bank, San Francisco
The First National Bank of San Jose
First National Bank in San Rafael

335
1338
2
227
1193
4
14627
14588

The Connecticut National Bank, Bridgeport..
Hartford National Bank and Trust Company, Hartford. _
The First New Haven National Bank, New Haven
The Second National Bank of New Haven
_
The First National Bank of New Milford
_
The National Bank & Trust Company of FairfieldCounty. Stamford.
First National Bank of Thompsonville
First National Bank of Windsor Locks
_

ALASKA

ARIZONA

ARKANSAS

CALIFORNIA

CONNECTICUT

DISTRICT OF COLUMBIA *

2038

The First National Bank of Washington

.

GEORGIA

14785
2338
13068
13472

The Augusta Citizens and Southern National Bank, Augusta..
The First National Bank of Columbus
The Citizens and Southern National Bank, Savannah
The Liberty National Bank & Trust Company of Savannah...
HAWAII

5550 Bishop National Bank of Hawaii, Honolulu
19 branches also authorized for 3 nonnational banks in the District of Columbia.




Other
than
local

Total

REPORT OF THE COMPTROLLER OF THE CURRENCY

57

TABLE N O . 11.—Number of domestic branches of national banks authorized during
the year ended Dec. 81, 1959—Continued

Charter
No.

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

Title and location of bank

Local

INDIANA

571
206
14468
13759
984
14519
11148
377
2612
2234
7260
1988
13987
13938
47
14382

The First National Bank and Trust Company of Crawfordsville.—
The First National Bank of Elkhart
Gary National Bank, Gary..
American Fletcher National Bank and Trust Company, Indianapolis._
The Indiana National Bank of Indianapolis
First National Bank, Kokomo
Purdue National Bank of Lafayette
First National Bank and Trust Company of La Port
The Peoples National Bank of Lawrenceburg
The Merchants National Bank of Muncie
The First National Bank of Odon
_
Tho Second National Bank of Richmond
The National Bank and Trust Company of Pouth Bend
_
_
The Merchants National Bank of Terre Haute
_
_
Terre Haute First National Bank, Terre Haute
_
First National Bank of Warsaw
_
_

13321
14868
2574
5778

Central National Bank and Trust Company of Des Moines...
Northwest Des Moines National Bank, Des Moines
The First National Bank of Mason City
The First National Bank of Oelwein

IOVA

KANSAS

3782

The First National Bank of Manhattan
KENTUCKY

5900
2409
6028
14840
10254
109
14320
14076
1790

The Citizens National Bank of Bowling Green
The Farmer's National Bank of Danville
The First-Hardin National Bank of Elizabethtown
Citizens Union National Bank & Trust Company, Lexington..
Second National Bank of London
The First National Bank of Louisville
_._
.._
Liberty National Bank and Trust Company of Louisville..^..
The National Bank and Trust Company of Paris
Madison National Bank of Richmond
_

14621
14849

Gulf National Bank at Lake Charles
Lakeside National Bank of Lake Charles

494
4128
941

The Bath National Bank, Bath
First Portland National Bank, PortlandCanal National Bank, Portland

LOUISIANA

MAINE

MARYLAND

1413
13745
5880
1267
4049
4364
742

The First National Bank of Baltimore
_
Fidelity-Baltimore National Bank, Baltimore
The Farmers and Merchants National Bank of Cambridge
Farmers and Mechanics-Citizens National Bank of Frederick.
The Second National Bank of Hagerstown
The Citizens National Bank of Laurel
_
_
Carroll County National Bank of Westminster

13733
475
615
13222
7452
614
1939
4774
6077
14798
7297
14850

The First National Bank of Athol
The Merchants National Bank of Boston
_
Rockland-Atlas National Bank of Boston
The Buzzards Bay National Bank, Buzzards Bay
The Danvers National Bank, Danvers
_
Middlesex County National Bank, Everett
_._
Holyoke National Bank, Holyoke
The First National Bank of Ipswich
Union National Bank of Lowell
_
South Shore National Bank of Quincy
_
The Wellesley National Bank, Wellesley
Worcester County National Bank, Worcester

MASSACHUSETTS




_.

Other
than
local

Total

58

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE NO. 11.—Number of domestic branches of national banks authorized during
the year ended Dec. SI, 1959—Continued
Branches authorized
under act of Feb. 25,
1927, as amended

Title ancflocation of bank

Charter
No.

Local

MICHIGAN

Farmers and Merchants National Bank in Benton Harbor—..
13738 Manufacturers National Bank of Detroit.***..,....——«....-*.,^
»»*»...***..—
13671 National Bank of Detroit....—
191 The First National Bank and Trust Company of Kalamazoo..
„-—
14032 Michigan National Bank, Lansing
12971 First National Bank in Mount Clomens fc.fc.—..*
13753 First National Bank of Niles
13739 Community National Bank of Pontiac
MISSISSIPPI
3765
14487
10523

The First National Bank of Greenville
Gulf National Bank of Gulfport
First National Bank of Jackson

9236

Traders National Bank of Kansas City

7038

First National Bank of Nevada, Reno, Nevada

-—

NEVADA

NEW JERSEY
9498
14162
2076
892
374
4147
1191
8779
9339
1452
5005
13848
6278
3716

The Farmers and Merchants National Bank of Bridgeton..
The United National Bank of Cliffside Park
The National Union Bank of Dover
The Hunterdon County National Bank of Flemington
The First National Bank of Jersey City
_
The People's National Bank of Keyport
The Burlington County National Bank of Medford
_.
The First National Bank of Milford
Montclair National Bank and Trust Company, Montclair.
The National State Bank of Newark
National Community Bank of Rutherford
Belmar-Wall National Bank, West Belmar
The Marine National Bank of Wildwood
_
The Farmers and Mechanics National Bank of Woodbury.

14786
12485
7043
7720

First National Bank in Alamogordo
Albuquerque National Bank, Albuquerque.
The First National Bank of Artesia
_
_
The First National Bank of Las Cruces

1301
1253
4914
12746
12997
6587
8453
955
13956
5271
1461
14853
12892
14763
1342
721
1392

The National Commercial Bank and Trust Company of Albany
The Ballston Spa National Bank, Ballston Spa_._^
The Matteawan National Bank of Beacon
. . _
Northern Westchester National Bank, Chappaqua
The Franklin National Bank of Long Island, Franklin Square
Security National Bank of Long Island, Huntington
Chautauqua National Bank of Jamestown
The State of New York National Bank, Kingston
_
County National Bank, Middletown
^
The First National Bank of Mount Vernon
^
_.._,.
The First National City Bank of New York
First National City Trust Company, New York
Lafayette National Bank of Brooklyn in New York
_
_
The Eastern National Bank of Smithtown
_,
The Merchants National Bank & Trust Company of Syracuse
The Manufacturers National Bank of Troy
^
_
The Oneida National Bank and Trust Company of Central New York,

NEW MEXICO

NEW YORK

The Watertown National Bank, Watertown
The Citizens National Bank of Wellsville
The Meadow Brook National Bank of Nassau County, West Hempstead.
10525 National Bank of Westchestor, White Plains
0405 Essex County-Champlain National Bank, Willsboro..
13882 First National Bank in Yonkers-..——..._*
2657
4988
7703




Other
than
local

Total

REPORT OF THE COMPTROLLER OF THE CURRENCY

59

TABLE NO. 11.—Number of domestic branches of national banks authorized during
the year ended Dec. 31, 1959—Continued

Charter
No.

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

Title and location of bank

Local
NORTH CAROLINA

14697 The University National Bank of Chapel Hill
9164 First Union National Bank of North Carolina, Charlotte..
__.
7698 The Citizens National Bank of Durham
13761 Security National Bank of Greensboro
14676 First National Bank of Jacksonville
14433 Commercial National Bank of Kinston
__.
6744 The First National Bank of Lincolnton
___
10610 Southern National Bank of Lumberton
4947 The First National Bank of Anson County, Wadesboro._.
14147 The First National Bank of Winston-Salem
OHIO

14579
3721
911
3654
14724
4318
7621
5065
12196
4293
652
13767
6594
5370
14050
7862
2160
14586
2350
164

First National Bank of Akron
_
First National City Bank of Alliance....
___
The First National Bank of Barnesville...
The Farmers' National Bank of Canfield
The Southern Ohio National Bank of Cincinnati
_
Central National Bank of Cleveland
The City National Bank & Trust Company of Columbus
The Ohio National Bank of Columbus
_
The Peoples National Bank of Delphos
_
The National Bank of Dover
_
The Portage County National Bank of Kent
First National Bank and Trust Company of Lima
The New Carlisle National Bank, New Carlisle
The First National Bank and Trust Company of Kavenna
Belmont County National Bank, St. Clairsville
The Citizens Baughman National Bank of Sidney
The First National Bank and Trust Company in Steubenville
The National Bank of Toledo
_
The Mahoning National Bank of Youngstown
The First National Bank of Zanesville

12093
5171

The Farmers National Bank of Elk City
_
The First National Bank and Trust Company of Tulsa..

1553
4514
14860

The First National Bank of Oregon, Portland..
The United States National Bank of Portland.
First National Bank of Roseburg

247
138
14251
12967
573
5019
1233
10775
4923
8854
249
187
3893
2222
5801
562
14542

The First National Bank of Altoona
The First National Bank and Trust Company of Bethlehem
The Bridgeville National Bank, Bridgeville
The Dale National Bank, Dale
.
..___._
The Doylestown National Bank and Trust Company, Doylestown. _.
DuBois Deposit National Bank, DuBois
_
Easton National Bank and Trust Company, Easton.
The Elverson National Bank, Elverson
The Farmers National Bank of Ephrata.
The Citizens National Bank of Evans City
The First National Bank of Mercer County, Greenville, Pa._.
First National Bank and Trust Company of Hanover
The First National Bank of Hazloton...
Western Pennsylvania National Ban*, McKeesport
The Second National Bank of Meyersdale
First National Bank of Lawrence County at New Castle
Cumberland County National Bank and Trust Company, New Cumberland
_
The National Bank of North East
The Philadelphia National Bank, Philadelphia
_
Pittsburgh National Bank, Pittsburgh..
_
The Union National Bank of Pittsburgh
___
__.
The First National Bank of Sayre „.-.——.. — .——.. — _.._..-.

_._

__.

OKLAHOMA

OREGON

PENNSYLVANIA

9149
539
252
705
5666




Other
than
local

Total

60

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE N O . 11.—Number of domestic branches of national banks authorized during
the year ended Dec. 31, 1959—Continued
Branches authorized
under act of Feb. 25,
1927, as amended
Charter
No.

Title and location of bank
Local
PENNSYLVANI A.—continue d

77
2018
1237
2337
5034
14082
694
2303
604

Northeastern Pennsylvania National Bank and Trust Company,
Scranton.
_
The National Bank and Trust Company of Spring City
The First National Bank of Sunbury.
_.
The Citizens National Bank and Trust Company of Towanda
_.
Gallatin N ational Bank, Uniontown.
Citizens National Bank in Windber
_
National Bank of York County, York
The Western National Bank of York
The York National Bank and Trust Company, York
RHODE ISLAND

1492

The Newport National Bank, Newport.
SOUTH CAROLINA

2044
10537

The South Carolina National Bank of Charleston..
The Peoples National Bank of Conway

3341
14611
7848
12031
14657
13539
2049
335
13681
3032

The First National Bank of Athens
._.
American National Bank and Trust Company of Chattanooga..
The Hamilton National Bank of Chattanooga
First National Bank in Harriman
The Kingsport National Bank, Kiagsport
The Hamilton National Bank of Knoxville
...
Park National Bank of Knoxville
The First National Bank of Memphis
_
National Bank of Commerce in Memphis
First American National Bank of Nashville
The First National Bank of Savannah

TENNESSEE

2597

First Security Bank of Utah, National Association, Ogden

1197

The Merchants National Bank of Burlington

VERMONT

VIRGINIA

11978
2594
6778
11694
1522
10194
12477
1111
1635

The First National Bank of Ashland
The Peoples National Bank of Charlottesville
The Merchants' National Bank of Hampton
_
___
The National Bank of Harrisonburg
The Lynchburg National Bank and Trust Company, Lynchburg
The Seaboard Citizens National Bank of Norfolk
The First National Bank of Quantico
First and Merchants National Bank of Richmond
The Shenandoah Valley National Bank of Winchester

13351
4375
13230
14394
11280
4668
3417
12292

The First American National Bank of Port Townsend.
The National Bank of Commerce of Seattle.
The Pacific National Bank of Seattle.—
_
Peoples National Bank of Washington in Seattle.
Seattle-First National Bank, Seattle
_
The Old National Bank of Spokane
National Bank of Washington, Tacoma, Washington
._
The Puget Sound National Bank of Tacoma.
_

WASHINGTON

Total (251 banks).




161

Other
than
local

Total

61

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE N O . 12.—Number of domestic branches of national banks closed during the
year ended Dec. 31, 1959
Branches closed

Charter
No.

Title and location of bank

14609
2491
3050
10391
13044

Long Beach National Bank, Long Beach
Security First National Bank, Los Angeles
The First National Trust and Savings Bank of San Diego
The United States National Bankand Savings Association, San FranBank of America National Trust of San Diego
cisco

Local

Other
than
local

Total

CALIFORNIA

1
1
1
2

1
1
1
2

3

3

1
1

1
1
1
1

CONNECTICUT
1132
943
14640
5309

City National Bank & Trust Company of Danbury
Danbury National Bank, Danbury
First National Bank of Manchester
_
_
The First National Bank and Trust Company of Ridgefield

1
1

DELAWARE
795

1

.,

2

2

1

The First National Bank of Seaford

1

DISTRICT OF COLUMBIA 1
INDIANA
13759

American Fletcher National Bank and Trust Company, Indianapolis.
KENTUCKY

14320

Liberty National Bank and Trust Company of Louisville
MARYLAND

3588

The Towson National Bank, Towson

1

1

2

MASSACHUSETTS
475

The Merchants National Bank of Boston

1

MICHIGAN
14641
191

Peoples National Bank & Trust Company of Bay City
The First National Bank and Trust Company of Kalamazoo

12425
3716

The Union Center National Bank, Union
___
The Farmers and Mechanics National Bank of Woodbury

1461
7612
10525

The First National City Bank of New York
The National City Bank of Troy
National Bank of Westchester, White Plains

7698
14780
14147

The Citizens National Bank of Durham
First National Bank of Raleigh__
The First National Bank of Winston-Salem

_

2
1

2
1

1
1

1
1

NEW JERSEY

NEW YORK

_

1

4
1

1
4
1

NORTH CAROLINA
3

_
_

1

2
2

4
2
2

OHIO

First National Bank of Cambridge
The Liberty National Bank of Fremont .
.
First National Bank and Trust Company of Lima
The First National Bank of Waverly
i 6 branches of a nonnational bank in the District of Columbia discontinued.

6566
13997
13767
5635

551461—60




1
1
1
1

1
1
1
1

62

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE N O . 12.—Number of domestic branches of national banks closed during the
year ended Dec. 81, 1959—Continued
Branches closed

Charter
No.

Title and location of bank

Local

Other
than
local

Total

OREGON

14860

First National Bank of Roseburg

1

1

SOUTH CAROLINA

2044

The South Carolina National Bank of Charleston

2

2

VIRGINIA

13792

The Citizens National Bank of Petersburg
Total (31 banks)




_

_

3

3
31

17

48

TABLE N O . 13.—Principal items of assets and liabilities of national banks, by size of banks, according to deposits, Dee. 81, 1958 and 1959
[In thousands of dollars]
Loans and securities

Number of
banks

Total

Loans
U.S.
and disGoverncounts,
ment obincluding ligations—
redis- direct and
counts
guaranand overteed
drafts

Other
bonds
and

securities

Cash,
balances
with
other
banks,
including

reserve
with
Federal
Reserve

Deposits

Real
estate
assets

Total
assets

Capital
stock

Surplus,
profits

and
reserves

Total

Demand

Time

banks

1958

Banks with deposits of—
Less t h a n $500,000
$500,000 t o $750,000
$750,000 to $1,000,000
$1,000,000 to $2,000,000
$2,000,000 t o $5,000,000
$5,000,000 t o $10,000,000
$10,000,000 t o $25,000,000...
$25,000,000 to $50,000,000...
$50,000,000 to $100,000,000..
$100,000,000 to $500,000,000..

$500,000,000 or more
Total

2,423
1,840
15
4,659
396
12, 694
22,713
1,411
8,608
42
22,967
20,997
62
48, 717
4, 753
331,378
316,274
541
722,358
74, 706
1,507 4,475,787 2,035,419 1,855,122
585,246
936,810
1,087 6, 710, 526 3,085, 562 2,688,154
771 10,275,106 4,743,251 4,178,086 1, 353, 769
261 7, 783,487 3,645, 557 3,194,661
943,269
136 8,048,622 3,983,955 3,112, 522
952,145
137 24,394,926 13,423,288 . 8,620,047 2,351, 591
26 37,097,547 21, 509,730 11,828,449 3, 759,368

2,441
7,721
13,678
195,885
1,096,121
1, 588,515
2, 456,472
1,835, 512
2,051,3f.5
7,804,300
9,812,820

48
235
402
8,015
58,813
100,099
179, 407
139. 436
129,957
417, 713
452,877

410
622
7,148
2,458
1,547
30,699
2,823
5,197
62,894
70,691
927,081
26, 703
132,067
372,173
5,636,484
179,345
496,638
8,410,205
275,065
675,592
12,938,037
212,991
455,689
9, 791,073
229,496
477, 545
10, 270, 746
712,396 1, 581,059
32,801,364
47,921,235 1,178,436 2, 579,858

6,108
5,390
718
3,901
22,699
26,600
54,664
39,595
15,069
826,438
575,101
251,337
5,109,428 3,350,678 1, 758, 750
7,680,911 4,819,924 2,860,987
11,867,728 7,526,335 4,341,393
9,017,834 5,849,927 3,167,907
9,441, 587 6,494,498 2,947,089
30,039,958 23,116,333 6,923,625
43,014,872 29,551,319 13,463, 553

4,585 99, 581,448 52, 796,224 35,824, 760 10,963,464 26,864,820 1,487,002 128, 796.. 966 2,951,279 6, 717, 522 117,086,128 81,351,799 35,734,329

1959
Banks with deposits of—
Less than $500,000

$500,000 t o $750,000.
$750,000 to $1,000,000..$1,000,000 to $2,000,000
$2,000,000 to $5,000,000
$5,000,000 to $10,000,000
$10,000,000 t o $25,000,000. ._
$25,000,000 t o $50,000,000. ._
$50,000,000 t o $100,000,000..
$100,000,000 to $500,000,000.-

$500,000,000 or more
Total




4 692
2 428
14
11,921
42
22.457
69
56,357
26, 728
518
714,323
331,116
1,437 4,317,629 2,033, 532
1,093 6, 756,675 3,238,619
790 10, 583,050 5,238,304
279 8,463,185 4,293,684
137 8,397, 761 4, 565, 279
136 25,065,915 15,132,666
27 38,232,800 25,087, 712

3 029
2 028
236
1,476
7,812
9,060
5,304
24,325
14, 979
308, 354
74,853
177,215
1, 725,122
558,975 1,005, 696
2, 592, 580
925,476 1, 533, 443
3,977,813 1, 366,933 2, 377, 558
3,177. 611
991,890 1, 925,871
2,847,639
984,843 2,130, 690
7,627, 562 2,305,687 7,980,864
9, 468,876 3,676,212 10,307,088

206
173
667
7,708
62, 609
106, 624
189,934
160. 577
149,957
450,234
536,140

7 932
830
1,153
2,504
1,198
30,453
3,163
72,040
6,430
900,069
26,821
71,378
5, 391,896
129,902
309,004
8,409,081
187,398
503,867
13,179,839
287,407
699, 056
10, 588, 667
240, 769
506, 027
10, 725, 666
251,062
525,640
33,691,616
783,035 1, 694, 589
49,638,854 1,258,157 2, 752, 727

5,896
5,167
729
4,472
22,082
26, 554
62,164
46,308
15,856
797,663
540,879
256, 784
4,863, 710 3,130,651 1, 733,059
7,645,866 4, 756,536 2,889,330
12,031,165 7,474,877 4, 556, 288
9,687,899 6,293,146 3,394,753
9, 759,005 6, 710,652 3,048,353
30, 529, 779 23,175,859 7,353,920
44,227,976 30, 546,957 13,681,019

4,542 102,614,844 59,961,989 31, 760, 970 10,891,885 27,464, 245 1,664,829 132,636,113 3,169, 742 7,132, 375 119,637,677 82,703,114 36,934,563

64

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE NO. 14.—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 1959

Number
of banks

Banks with surplus Banks with surplus
equal to or exceeding
less than common
common capital stock
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—.
June 30,1949...
Dec. 31,1949....
June 30,1950—
Dec. 30,1950—
June 30,1951
Dec. 31,1951—.
June 30, 1952...
Dec. 31,1952....
June 30,1953...
Dec. 31,1953—
June 30,1954—
Dec. 31,1954—.
June 30, 1955—
Dec. 31, 1955—.
June 30, 1956—
Dec. 31,1956—
Juno 6, 1957
Dec. 31, 1957....
June 23,1958...
Dec. 31,1958—.
June 10, 1959...
Dec. 31, 1959—




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
4,993
4,981
4,977
4,965
4,953
4,946
4,932
4,916
4,881
4,864
4,842
4,796
4,751
4,700
4,675
4,659
4,654
4,627
4,606
4,585
4,559
4,542

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
4,003
4,132
4,148
4,236
4,242
4,324
4,327
4,398
4.368
4,406
4,400
4,417
4,378
4,363
4,330
4,337
4,316
4,316
4,299
4,308
4,276
4,263

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
80.17
82.96
83.34
85.32
85.65
87.42
87.73
89.46
89.49
90.58
90.87
92.10
92.15
92.83
92.62
93.09
92.74
93.28
93.33
93.96
93.79
93.86

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
990
849
829
729
711
622
605
518
513
458
442
379
373
337
345
322
338
311
307
277
283
279

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
19.83
17.04
16.66
14.68
14.35
12.58
12.27
10.54
10.51
9.42
9.13
7.90
7.85
7.17
7.38
6.91
7.26
6.72
6.67
6.04
6.21
6.14

65

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE N O . 15.—Dates of reports of condition of national banks, 1914 to 1959
[For dates of previous calls see report for 1920, vol. 2, table No. 42, p. 150]
Year
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..-.
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959

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
11
24
9
31
20
15
11
10
14
4
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
30
30
30
30
30
30
30
30
6
23
10

July

Aug.

31

Sept.

Oct.

12
2
12
11

Nov.

31
10
17
20
1
17
15

12
8
6
15
14
10
28
10
3
4
24
29
30
25
17

1
28
2
24
18
30
6
1
4
10
5
30
7
5
26
11
24
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
31
30
31
31
31
31
31
31
31
31
31

NOTES

Act of Feb. 25, 1863, provided for reports of condition on the 1st of eacn quarter, before commencement
of bUvSiness.
Act of June 3, 1864—1st Monday of January, April, July, and October, before commencement of business, on form prescribed by Comptroller (in addition to reports on 1st 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 famish 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
tne 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 sec.
5211, U.S.R.S. Sec. 21(a) of the Banking Act of 1933, however, was amended by sec. 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. (5 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. 16
ASSETS AND LIABILITIES OF NATIONAL BANKS ON MARCH
12, JUNE 10, OCTOBER 6, AND DECEMBER 31, 1959, BY
STATES AND TERRITORIES




67

REPORT OF THE COMPTROLLER OF THE CURRENCY

69

and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1959
ALABAMA
[In thousands of dollars]
Mar. 12,
1959

June 10,
1959

Oct. 6,
1959

69 banks

69 banks

69 banks

Dec. 31,
1959

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
Other assets
__
Total assets.

596,076
390,060

640,635
380,793

667,513
355,724

674,643
363,245

139,803
24, 574

137, 473
24, 678

141,419
20,642

142, 547
21,179

2,682
136, 939
29,463

2,745
131, 783
30, 517

2,762
137,777
27,421

2,835
132,169
30,502

169, 944
15, 658
466

161, 524
16, 243
640

178, 521
17,382
497

192,297
17, 921
738

2,692
212
4,756

3,052
140

3,448
184
5,223

3,450
236
4,698

1, 558, 513

1, 586, 460

1, 513,325
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
Other liabilities
Total liabilities _

772,996

782,934

775,764

802,411

356,132
10
17,085
123, 736
91,060

367,706
10
20,058
127, 610
83, 953
12,963
1,895,234
1,020,019
8:5,215

370,979
10
31,086
120,790
99,331
12,103
/, 410,068
1,088,640
876,428

369,463
10
31,106
131, 511
92,812
1,442,020
1,067,814
874,706

7,700

5,750

9,000

2,500

212
15,379

152
14,809

184
16,280

236
18,693

1,396, 514

1,415,945

1, 435, 527

1, 463, 449

35,170
54,051
21, 689
5,901

36, 720
54,293
22,968
6,133

37,920
54,060
25,332
5,874

55,885
23,174
5,157

12,204

1,878,223
1,008, HO
864,288

14, 707

CAPITAL ACCOUNTS

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

116,811

120,114

122,986

123,011

1, 513,325

1.536,059

1, 558, 513

1,586,460

217,094

208,881

219,065

219,427

MEMOEANDUM

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, 1959—Continued
ALASKA
[In thousands of dollars]
Mar. 12,
1959

June 10,
1959

Oct. 6,
1959

Dec. 31,
1959

7 banks

7 banks

7 banks

7 banks

Total assets.

53,378
51,579

61,397
50,781

66,900
50,484

67,236
47,831

6,692
4,492

6,794
2,539

6,901
2,789

7,000
2,787

41
14,445
6,976

203
9,861
4,826

178
14,423
4,562

181
8,014
4,369

6,072
2,438
200

11,663
2,524
316

14,857
2,723
218

11,646
2, 587
243

320

315

196

367

210

164

146,829

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
Other assets
_
_
—

151,386

164,533

152,345

62,512

66,365

74,166

64,910

34,994
10
20,685
17,231
1,714
1,199

35,600
10
21,430
15, 760
1,453
1,553
U2,171
88,412
58, 759

10
22,015
18,867
1,859
1,595
164,741

10
22,235
16,279
1,765
1,498
143,225
85,711
57,514

891

910

138,985

143,040

155, 632

144,135

3,200
2,720
1,498
426

3,200
2,720
2,013
413

3,200
2,720
2,568
413

3,200
3,070
1,410
530

287

LIABILITIES

Demand deposits of individuals, partnerships, and
corporations-_
_
Time deposits of individuals, partnerships, and corporations
__
Postal savings deposits
_
Deposits of U.S. GovernmentDeposits 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
_
Other liabilities
_
Total liabilities.--

188,846

84,626
58,719

640

CAPITAL ACCOUNTS

Capital stock: Common stockSurplus.
_
Undivided profits--.
Reserves
Total capital accounts.
Total liabilities and capital accounts

7,844

8,346

8,901

8,210

146,829

151,386

164,533

152,345

36,246

37,238

38,717

39,036

MEMORANDUM

Assets pledged or assigned to secure liabilities and for
other purposes




REPORT OP THE COMPTROLLER OF THE CURRENCY

71

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1959—Continued
ARIZONA
[In thousands of dollars]
Mar. 12,
1959

June 10,
1959

Oct. 6,
1959

Dec. 31,
1959

3 banks

3 banks

3 banks

3 banks

Total assets..

506,371
175,892
11
46.156
15,898

516,251
160,652
11
48,349
17,638

526,346
154,404
7
46,453
12,098

569,702
133,807
14
41,084
17,266

1,483
25.157
13,541

1,517
61,943
13,384

1,596
57,283
12,775

1,603
82,733
13,438

71,556
17,307
2

75,634
17,757

78,323
17,593
32

86,125
18,091

5,160
85
6,332

5,160
94
7,674

5,160
329
7,967

5,160
123
8,103

884,951

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
_.
Other assets..
_-.

926,094

920,366

977,258

466,150

469,483

456,783

227,668

242,679
27
11,342
89,400
22,310
14,457
849,698
582,418

252,326
27
14,691
82,212
18,076
11,834
835,949
558,812
277,137

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
Other liabilities
Total liabilities. _

27
9,121
76,139
18,436
14,149

811,690
559,238

256,675
27
12,591
93,706
28,808
14,610
895,686
613,923
281,768

5,000
94
18,364

329
18,351

123
18,510

827,992

868,156

859,629

914,319

17,480
31,170
8,299
10

.__

85
16,217

17,724
31,926
8,278
10

18,667

18,667
33,258
11,001
13

CAPITAL ACCOUNTS

Capital stock: Common stock..
Surplus
___
Undivided profits
Reserves
Total capital accounts.—

_

Total liabilities and capital accounts

8,926
11

56,959

57,938

60,737

62,939

884,951

926,094

920,366

977,258

143,433

144,340

144,196

144,450

MEMORANDUM

Assets 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, 1959—Continued
ARKANSAS
[In thousands of dollars]
Mar. 12,
1959

Total assets.

Oct. 6,
1959

Dec. 31,
1959

55 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—
Other assets...

June 10,
1959
55 banks

55 banks

55 banks

223,646
166,362

235,551
152,799

253,338
146,069

250,147
169,005

73,087
6,787

72,481
5,639

71,580
6,334

72,770
8,940

1,200
53,562
10,845

1,216
55,673
10,557

1,228
56,823

1,234
60,194
10,854

78,929
8,547
582

75,599
8,828
584

95,979
9,118
582

105,638
8,722
440

40

40

46

46

1,977

1,433

1,768

625,020

620,430

652,966

689,758

339,449

330,846

331,823

361,667

124,103
24
7,237
39,892
52,326
4,036
567,067
441,027
126,00

126,269
24
7,547
39,383
53,736
3,727
561,532
438,391
128,141

131,184
24
9,893
50,602
64,335
4,404
592,265
459, S41
132,924

135,856
29
12,139
43,000
72,599
4,321
629,611
492,183
137,478

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
Other liabilities
_

545

200

4,402

4,442

4,748

5,413

571,669

565,974

597,558

635,024

17,255
22,753
11,694
1,649

Total liabilities.

17,430
23,313
12,239
1,474

17,495
23,583
12,845
1,485

17,545
23,835
11,882
1,472

CAPITAL ACCOUNTS

Capital stock: Common stockSurplus
Undivided profits
Reserves
Total capital accounts

_

Total liabilities and capital accounts

53,351

54,456

55,408

54,734

625,020

620,430
:
=

652,966

689,758

43,132

42,853

45,516

48,683

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, 1959—Continued
CALIFORNIA
[In thousands of dollars]
Mar. 12,
1959

June 10,
1959

Oct. 6,
1959

Dec. 31,
1959

44 banks

42 banks

} banks

37 banks

ASSETS

Loans and discounts (including overdrafts)
8,672,681 9,307,591 9,811,033
U.S. Government securities, direct obligations._
4,302,498
4,438,807
3,607,940
Obligations guaranteed by U.S. Government
600
544
636
1,180,557 1,182,347
Obligations of States and political subdivisions
1,260,647
205,571
245,448
188,047
Other bonds, notes, and debentures
Corporate stocks, including stock of Federal Reserve
65,556
65,720
66,833
bank
Reserve with Federal Reserve bank
_. 1,548, 948 1,498,922 1,570,616
142,629
135,249
128,139
Currency and coin
Balances with other banks, and cash items in process of
1,112,003 1,245,006
1,110,614
collection
212,870
188,402
196,571
Bank premises owned, furniture and fixtures
2,779
2,452
3,618
Real estate owned other than bank premises
Investments and other assets indirectly representing
42,002
45,422
45,093
bank premises or other real estate
95,948
101,500
103,562
Customers' liability on acceptances outstanding
111,963
78,361
101,059
Other assets
_
_
Total assets.
_
__
_
17, 893,366 18,267,456 18,265,962

10,012,189
3,743,749
937
1,146,997
181,973
68,577
1,558,091
1,591,935
219,808
1,972
48,971
97,260
108,914
18,914,609

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.)

7,062,441

7,096,123

7,309,113

6,763,341 6,885,121 6,956,915
202
202
202
186.584
180,355
313,944
1,280,543 1,072,879
1,202,705
672,834
652,827
575,998
292.585
312, 681
277,856
Total deposits
_
_. 16,174,552 16,413,992 16,506,907
Demand deposits
8,314,548 8,362,746 8,619,224
7,860,004 8,051,246
Time deposits
7,887,683
Bills payable, rediscounts, and otner liabilities for
84,250
173,763
borrowed money
120,813
Mortgages or other liens on bank premises and other

real estate
Acceptances executed by or for account of reporting
banks and outstanding
Other liabilities
_

7,600,019
6,958,719
202
292,789
1,395,018
605,463
423,193
17. 275,403
9,308,468
7,966,935

1,038

104,368
466,420

1,212
105,301
379,267

99,680
376,691

16,810,337

17,158,543

17,113,500

17,752,812

332,951
529,754
213,640
6,684

Total liabilities.--

99, 334
452,201

334,954
533,758
233,507
6,694

349,934
555,322
240,317

351,019
561,768
242,222
6,788

1,083,029

1,108,913

1,152,462

1,161,797

17,893,366

18,267,456

18,265,962

18,914, 609

2,664,948

2,784,377

CAPITAL ACCOUNTS

Capital stock: Common stock..
Surplus.._
_
Undivided profits
Reserves.
_
Total capita- accounts

___

Total liabilities and capital accounts
MEMORANDUM

Assets pledged or assigned to secure liabilities and for
other purposes




2,755,762

74

REPORT OF THE COMPTROLLER OF THE CURRENCY

Assets and liabilities of national banks, by Slates, at date of each call during year
ended Dec. 31, 1959—Continued
COLORADO
[In thousands of dollars]
Mar. 12,
1959

June 10,
1959

Oct. 6,
1959

Dec. 31,

76 banks

76 banks

77 banks

77 banks

1959

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
Other assets

616,084
405,293

652,681
370,387

659,786
390,866

691,606
359,641

57,141
6,809

56,638
8,082

57,599
5,740

58,536
5,279

2,438
141,750
16,657

2,440
129,348
17,415

2,460
139,218
16,241

2,478
117,479
16,150

185,343
11,484
351

168,976
12,110
371

180,064
12,919
710

187,352
12, 632
774
5,699

5,436

5,687

5,397

6,023

6,578

1,449,536

Total assets .

1,141
5,045

1,429,281

1,477,313

1,464,204

755,307

747,559

775,409

780,875

348,159
10
20,640
81,009
94,306
15,049
1,814,480
944,519
869,961

350,121
10
21,870
78,290
82,296
13,139
1,298,285
920,658
872,627

354,261
10
34,239
75,963
93,427
11,148
1,344,457
969,988
874,474

351,366
10
32,833
70,336
97,408
13,211
1,846,089
976,264
869,775

18,050

18,550

13,100

474

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
Other liabilities_

5
12,733

12,359

12,237

11,064

1,345,268

1,324,199

1,369,799

1,357,582

34,730
45,757
21,740
2,041

Total liabilities...

34,805
45,796
22,495
1,986

35,055
46,061
24,361
2,037

35,265
46,499
23,782
1,076

CAPITAL ACCOUNTS

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

104,268

_

105,082

107,514

106,622

1,449,536

1,429,281

1,477,313

1,464,204

187,340

190,040

184,435

165,354

MEMORANDUM

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




REPORT OF THE COMPTROLLER OP THE CURRENCY

75

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1959—Continued
CONNECTICUT
[In thousands of dollars]
Mar. 12,
1959

June 10,
1959

Oct. 6,
1959

Dec. 31,
1959

29 banks

26 banks

24 banks

24 banks

12
122,235
9,419

555,267
267,043
12
110,407
8,183

577,130
234,639
12
98,510
5,468

568,947
253,516
12
97,555
8,310

3,648
78,229
25,956

3,559
86,571
29,339

3,470

3,468
85,946
26,151

105,102
18,068
867

94,073
18,579
857

121,750
18,701
395

129,269
18,654
2,185

330
56
4,625

330
128
5,337

330
4
5,259

330
2
5,166

1,191,442

1,179,685

1,183,476

1,199,511

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 Keserve
bank
_
Keserve 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
Other assets.
Total assets .

529,523
293,372

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
__
Other liabilities
_.
Total liabilities

676,484

654,140

669,030

701,008

270,556

264,781

251,433

247,108

18,892
39,291
27,477
34,786

20,812
39,644
26,285

38,122
43,402
27,694

794,891
278,095

1,040,465
773,693
266,872

1,068,079
814,538
253,541

35,349
41,159
23,864
35,010
1,088,498
834,785
248,718

9,550

28,250

5,300

150

203

203

203

203

56
16,288
1,093,583

128
15,178

4
16,907

2
23,252

1,084,224

1,090,493

1,107,105

32,318
45,438
16,598
1,107

31,268
44,073
16,894
748

31,268
44,223
16,264
651

CAPITAL ACCOUNTS

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

33,408
46,412
16, 561
1,478

97,859

95,461

92,983

92,406

1,191,442

1,179,685

1,183,476

1,199,511

108,571

97,208

102,650

97,381

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. 31, 1959—Continued
DELAWARE
[In thousands of dollars]
Mar. 12,
1959

June 10,
1959

Oct. 6,
1959

Dec. 31,
1959

5 banks

4 banks

3 banks

3 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
Other assets
Total assets
_
_

6,676
5,460

4,932
3,768

3,487
2,725

3,568
2,848

799
382

662
292

414
282

408
292

43
1,552
314

32
1,027
251

20
730
225

20
721
200

875
281

715
241

615
163

515
152

9

14

1

16,391

11,934

8,662

8,724

6,754

5,010

3,895

3,837

7,462

5,201

3,753

3,887

104
100

62
72

32
62

30
49

201
14,621
7,156
7,465

145
10,490
6,286
6,204

70
7,812
4,059
3,753

39
7,842
3,955
3,887

50

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
Mortgages or other liens on bank premises and other
real estate
Acceptances executed by or for account of reporting
banks and outstanding
Other liabilities
_
___
Total liabilities-__
_

50

11

17

1

14,682

10,607

7,813

7,892

375
1,050
254
30

275
800
237
15

175
500
170
4

175
525
128
4

CAPITAL ACCOUNTS

Capital stock: Common stock,.
Surplus
Undivided profits
Reserves
_
Total capital accounts

_
_

1,709

1,327

849

832

_

16,391

11,934

8,662

8,724

Assets pledged or assigned to secure liabilities and for
other purposes

638

646

186

286

Total liabilities and capital accounts
MEMORANDUM




REPORT OF THE COMPTROLLER OF THE CURRENCY

77

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1959—Continued
DISTRICT OF COLUMBIA
[In thousands of dollars]
Mar. 12,

June 10,
1959

Oct. 6,
1959

Dec. 31,
1959

5 banks

5 banks

5 banks

5 banks

ASSETS

Total assets.

360,528
311,861

377,469
305,502

384,428
292,389

388,955
290,250

14,196

27,830
12,902

25, 758
10,803

25,020
8,410

1,565
101, 226
15,051

1,565
95,003
15,491

1,606
91,714
15,179

1,606
89,815
14,104

71,948
16,137
137

78,050
16,396
150

74,429
16,540
123

81,253
16,538
120

2,306

2,752

923,783

Loans and discounts (includingjbverdrafts)
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 Keserve
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
Other assets
_
_

933,110

2
2,558
915,529

918,041

577,280

567,822

563,603

575,320

192,176
591
18,865
93
47,092
15,285

189,857
762
20,638
70
51,874
12,196
843,219
642,950
200,269

179,251
532
27,405
40
52,382
13,855
837,068
648,152
188,916

175,628
532
25,587
131
41,311
9,950
828,459
643,102
185,857

17,150

5,000

3,000

7,890

6,484

2
6,764

20,286

859,272

866,853

848,834

851, 745

18,542
33,608
9,895
2,466

18,743
33,808
11,319
2,387

1,970

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
_.
Other liabilities
Total liabilities.

851,882
648,741
202,641

CAPITAL ACCOUNTS

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

18, 743
33,958
10,522
3,472

18, 743
33,958
10,469
3,126
66,296

64,511

66,257

923,783

933,110

915,529

918,041

44,211

59,199

57,615

56,725

MEMORANDUM

Assets pledged or assigned to secure liabilities and for
other purposes

551461—60




78

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, 1959—Continued
FLORIDA
[In thousands of dollars]
Mar. 12,
1959

June 10,
1959

103 banks 104 banks

Oct. 6,
1959

Dec. 31,
1959

106 banks

106 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
Other assets

1,184,303
984,874
21
219,512
31,599

1,215,814
910,703
27
218,002
30,316

1,268,841
940,972

5,228
270,825
50,043

5,290
252,442
45,898

5,424
257,460
43,116

5,717
226,882
49,326

488,174
43,936
1,757
12,193

451,805
44,730
1,811
8,559

408,534
45,416
2,798
9,288

558,496
45,954
2,960
8,961

85
13,489

215
15,537

466
13,519

451
15,224

3,302,559

Total assets

1,142,368
1,026,257
14
213,726
34,464

3,246,596

3,160,883

3,362,659

1,673,609

1,647,974

1, 579,637

1,621,081

656,972
56
50,479
238,497
265,146
25,658

660,656
61
59,493
321,481
355,865
29,143
3,047,780
2,331,830
715,950

208,941
29,934

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
Mortgages or other liens on bank premises and other
real estate
Acceptances executed by or for account of reporting
banks and outstanding
Other liabilities
Total liabilities. __
_

640,512
653,382
61
61
32,232
37,084
325,386
289,378
314,432
278,632
28,419
27,869
3, 014,651 2,934,380
2,298,082 2,205,266
716,569
729,114

2,816, US
2,102,260
714,185

30,950

45,025

67,490

31

31

60

60

90
37,779

248
42,505

466
43,324

451
39,505

3,083,501

3,022,189

2,927,785

3,125, 246

37,450

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.

200
78,852
79,052
95,503
28,953
15,550

200
79,844
80,044
32, 531
15, 346

200
81,487
81,687
99,870
35, 574
15,967

200
84,347
84,547
109,403
28,025
15,438

219,058

224,407

233,098

237,413

3,302,559

3,246,596

3,160,883

3,362,659

734,791

723,535

670,270

723,230

MEMORANDUM

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




EEPORT OF THE COMPTROLLER OF THE CURRENCY

79

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1959—Continued
GEORGIA
[In thousands of dollars]
Mar. 12,
1959

June 10,
1959

Oct. 6,
1959

Dec. 31,
1959

51 banks

51 banks

51 banks

52 banks

ASSETS

Total assets..

716.936
353,859

761,166
326,975

804, 850
318,907

314, 628

81,120
22,432,

85,165
20, 015

86, 533
16,108

78, 629
14, 518

2,784
158,255
19, 509

3,340
155, 288
19, 053

3,418
149, 760
17, 643

3,424
151,094
17,327

218, 929
22, 757
1,013

188, 927
23, 662
1,193

204, 933
24, 829
1,480

254, 664
24, 580
1,873

453

4,639

5,636

5,922

1,453
12
4,896

1,602,233

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
Other assets
_
_

1,590,420

1,634, 836

1,695,296

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
Other liabilities
Total liabilities

819,757

801,276
275, 558
756
20,008
102,411
200,489
9, 537

284,316
737
42,944
121,349
235,209
19, 498

1,487,122
1,150,995
286,127

756
24,289
122,091
180, 543
9,634
1, 422, 272
1,127,501
294,771

288, 727
756
36,474
109, 518
202,901
9,692
1,456,728
1,158,449
298,279

1, 52S, 810
1,280,406
298,404

16,700

12, 800

20,300

11,060
20

25,497

25,167

25, 638

12
29,315

1,479,319

1,460,239

1, 502, 666

1, 564,217

34,032
58, 730
18,114
12, 038

36, 663,
62, 852
18,904
11, 762

36,763
63,064
21,915
10, 428

63, 847
19,012
11,332

CAPITAL ACCOUNTS

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

122,914

130,181

132,170

1,602,233

1, 590,420

1, 634, 836

1, 695,296

218,870

218,122

215,471

226,994

131,079

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. 31, 1969—Continued
HAWAII
[In thousands of dollars]
Mar. 12,
1959

Oct. 6,
1959

Dec. 31,
1959

lbank

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
Other assets

June 10,
1959
lbank

lbank

lbank

121,178
55,917

128,252
71,842

139,573
68,180

145,296
60,952

14,497
2,273

15,016
2,273

18,204
2,273

17,947
2,361

23,154

450
17,960
5,110

450
15,109
5,141

450
17,926
5,106

8,326
5,592

14,657
6,033

13,448

34,257
5,715
78

129
1,357

311
1,294

57
1,538

163
1,611

270,257

291,862

241,492

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
Mortgages or other liens on bank premises and other
real estate
__
Acceptances executed by or for account of reporting
banks and outstanding
_
Other liabilities-_

94,032

110,642

79,972
10
15,468
43,285
5,856
5,384
240,479
124,546
115,988

81,342
10
15,606
46,873
5,726
3,335
246,924
126,840
120,084

81,201
10
16,915
45,307
11,258
2,130
267,463
149,591
117,872

129
2,056

311
2,441

57
3,367

163
4,507

222,259

243,231

250,348

272,133

6,000
9,000
2,057
2.176

Total liabilities.

90,504
76,518
10
14,740
35,079
4,811
2,207
220,07b
114, HO
105,964

6,000
9,000
2,791
2,176

6,000
9,000
2,733
2,176

6,000
9,000
2,553
2,176

CAPITAL ACCOUNTS

Capital stock: Common stockSurplus.
_
Undivided profits
Reserves .
Total capital accounts

_

Total liabilities and capital accounts

19,233

19,967

19,909

19,729

241,492

263,198

270,257

291,862

72,257

80,960

83,144

77,242

MEMORANDUM

Assets pledged or assigned to secure liabilities and for
other purposes




REPORT OF THE COMPTROLLER OF THE CURRENCY

81

and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1959—Continued
IDAHO
[In thousands of dollars]
Mar. 12,
1959

Oct. 6,
1959

Dec. 31,
1959

9 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
_.
Other assets

June 10,
1959
10 banks

10 banks

10 banks

234,438
148,894

230,564
154,931

33,072
75

230,114
150,388
7
31,597
75

31,587
75

737
37,305
5,886

747
38,395
6,156

753
37,485
5,741

32,361
451
768
40,021
5,921

23,909
7,116
121

26,007
7,743
11

28,299

214,857
174,746

31

7,789
20

40,158
7,899
16

29

28

395

1,112

498,182

Total assets .

30
"425"
491,695

495,505

514,230

231,271

224,972

237,293

229,955

169,716
11
4,198
49,780
1,906
3,887
460, 769
289, 661
171,108

171,674
11
5,785
44,593
1,950
3,036
452,021
278,955

172,692
11
7,594
37,235
2,025
3,685
460,635
286,451
174,084

176,041
11
6,924
60,368
2,704
4,088
480,091
302,903
177,188

327

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
Other liabilities..
Total liabilities .

2,000

173,066
4,000

4,024

3,750

3,014

466,793

459,909

464,285

483,105

12,025
12,545
4,719
2,100

12,275
12,620
5,514
1,377

12,375
12,580
5,724
541

12,375
12,617
5,410
723

CAPITAL ACCOUNTS

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

31,389

31,786

31,220

31,125

498,182

491,695

495,505

514,230

100,941

100,382

94,975

108,449

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. 31, 1959—Continued
ILLINOIS
[In thousands of dollars]
Mar. 12,
1959

June 10,
1959

Oct. 6,
1959

Dec. 31,
1959

394 banks

395 banks

395 banks

395 banks

4,659,519
4,250,535
79
798,786
224,558

4,853,834
3,924,180
85
887,798
227,118

5,187,948
3,776,072
63
872,834
224,032

5,409,573
3,675,313
63
881,316
224,306

24,068
1,245,209
108,507

24,147
1,279,249
108,646

24,403
1,323,168
106,724

25,402
1,169,379
108,901

1,090,832
50,173
2,146

1,085,745
51,282
2,327

1,110,827
51,865
2,595

1,342,199
52,386
3,259

13,421
49,749

3,841
15,117
58,961

4,082
12,703
57,072

4,463
10,055
55,011

12,521,265

12,522,330

12,754,388

12,961,626

6,301,456

6,096,627

5,978,661

6,411,604

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
__.
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
Mortgages or other liens on bank premises and other
real estate
Acceptances executed by or for account of reporting
banks and outstanding
__.
Other liabilities
Total liabilities
__„_
__

2,896,267
2,930,851
2,983,831
3,043,159
1,004
1,004
1,004
959
145,733
172,774
299,301
319,367
577,494
589,692
745,803
648,302
1,157,642
1,147,592
1,192,779
1,202,711
109,002
117,893
121,081
134,475
11,188,598 11,056,433 11,322,460 11,760,577
8,103,927 7,936,132 8,173,291 8,559,303
3,201,274
3,084,671 3,120,301 3,149,169
27,000
181,650
293,256
247,966
550
129
124
376
14,114
14,103
15,256
10,732
148,707
142,586
146,632
130,522
11,531,123

11,513,776

11,727,491

11,929,381

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

1,500
355,876
357,376
435,869
138,440
58,457

1,500
357,466
358,966
436,847
154,885
57,856

1,500
359,405
360,905
443,706
168,711
53,575

1,500
360,990
362,490
477,098
138,941
53,716

990,142

1,008,554

1,026,897

1,032,245

12,521,265

12,522,330

12,754,388

12,961,626

1,149,227

1,280,591

1,384,534

1,225,404

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, 1959—Continued
INDIANA
[In thousands of dollars]
Mar. 12,
1959

Dec. 31,
1959

123 banks

123 banks

124 banks

1, C52,335
958,631
10
159,232
32,158

1,100,981
897,860
10
160,920
29, 695

1,183,485
932,014
8
155, 779
30,827

1,228,582
975,209
12
152,297
30, 827

4,907
233,923
50,149

4,951
236,696
50,499

5,133
254,741
50,139

5,315
252,236
53, 577

262,278
30,391
416

254, 664
31,119
407

284,841
33,428
447

375,436
34,752
548

341
9,407

341
10
9,425

384
14
10,540

77
10
11,054

2,794,178

Total assets..

Oct. 6,
1959

123 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
Other assets

June 10,
1959

2,777,578

2, 941, 780

3,119,932

1,362,172

1,324,440

1, 403, 697

1, 519, 667

740,895
1,361
36,055
254, 510
109, 665
40,346
2,545,004
1,762,070

742,046
1,361
37,204
246,148
123,093
41,188
8,515,480
1,731,628

767,273
1,261
60, 550
265,174
133, 457
42,006
2,673,418
1,861,523
811,895

768,197
1,261
66, 604
311, 373
130,783
58,095
2, 855, 980
2,044,067
811,913

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
realestate..
Acceptances executed by or for account of reporting
banks and outstanding.
Other liabilities
Total liabilities. __

_

783,852
5,200
35

14,850

5,750
18

158

28,054

35
10
29,083

14
32,132

10
34,221

2, 578,293

2, 559,458

2,711,332

2,890,369

25
57,388
57,418
106,423
43, 435
8,614

25
57,388
67,418
107,644
45,290
7,773

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

25
59,864
59,889
111, 243
51,327
7,989

215,885

218,120

230,448

2,794,178

2,777,578

2,941,780

212,173

197,694

209,377

25
60, 474
60,499
115, 618
44, 535
8,911
229, 563
: 119,932
,

MEMORANDUM

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




206,832

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, 1959—Continued
IOWA
[In thousands of dollars]
Mar. 12,
1959

Oct. 6,
1959

Dec. 31,
1959

97 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
Other assets

June 10,
1959
97 banks

98 banks

98 banks

424,628
275,500

435,926
271,243

443,188
258,645

88,267
15,499

89,084
13,444

90,091
13,456

86,336
14,026

1,630
88,538
14,149

1,646
85,692
14,035

1,686
94,746
14,197

1,710
83,082
14,452

142,035
6,723
951

138,225
6,954
852

151,459
7,190
776

161, 723
7,453
815

1,356
139
2,761

1,357
329
2,999

1,507
60
3,270

1,615
253
2,598

1,064,829

Total assets..

401,371
301,410

1,054,745

1,085,607

1,075,896

519,627

502,458

499,979

517,435

53
16,237
70,907
111,819
13,215
968,624
729,771
238,753

240,833
53
17,193
73,830
113,195
10,564
958,126
715,259
242,867

245,542
53
21,521
85,201
124,489
10,498
987,283
740,250
247,033

241,014
53
23,895
60,148
132,153
12,104
986,802
744,410
242,392

10,150

9,150

9,415

450

50

50

32

52

139
5,848

329
5,666

5,654

385
5,302

984,711

973,321

1,002,444

992,991

19,398
35,224
22,666
2,830

19,573
35,279

20,423
35,865
24,253
2,622

20,845
36,691
22,653
2,716

80,118

81,424

83,163

82,905

1,064,829

1,054,745

1,085,607

1,075,896

78,906

76,516

77,641

71,691

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
Other liabilities
_
Total liabilities.
CAPITAL ACCOUNTS

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

2,686

MEMORANDUM

Assets pledged or assigned to secure liabilities and for
other purposes




REPORT OF THE COMPTROLLER OF THE CURRENCY

85

and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1959—Continued
KANSAS
[In thousands of dollars]
Mar. 12,
1959

June 10,
1959

Oct. 6,
1959

Dec. 31,
1959

169 banks

169 banks

169 banks

169 banks

452,528
414,070
37
124,433
27,652

463,817
37
125,005
24,813

476,114
399,932
17
122,151
26,160

485,644
393,753
17
124,214
27,131

2,356
119,361
15, 268

2,393
118,717
16,284

2,518
110,913
14,178

2,539
118, 513
14,970

129,273
13,831
757

117,890
14,037
775

139,492
14,059
720

165,218
14,016
474

ASSETS

Loans and discounts (including overdrafts)
U.S. Government securities, direct obligations
Obligations guaranteed b y 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
Other assets

170

154

264

3,043

3,538

3,035

1,302, 678

Total assets,.

170
2,942

1,275,942

1,309,946

1,349,788

673,823

665,509

689,132

665,264

192,320
39
24,984
200,678
81,167
1,181, ..
968, 289
218,459

199,578
48
20,960
172,717
80,745
6,932
',146,489
920,688
225,856

205,902
35
27,837
167,997
85,753
7,130
1,188,786
950,101
288,685

205,802
37
31,691
215,752
101,275
8,324
1,228,145
994,722
288,428

7,083

12, 504

5,985

3,478

51

73

107
9,014

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 b y or for account of reporting
banks and outstanding
Other liabilities
Total liabilities

8,746

9,063

1,197,578

1,168,129

30,130
48,692
24,311
1,967

30,556
49,662
26,021
1,574

7,815
1,239,524

CAPITAL ACCOUNTS

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

31,981
50,638
26,740
1,695

31,981
51,281
24,937
2,065

105,100

107,813

111,054

110,264

1,302,678

1,275,942

1,309,946

1,349,788

286,499

280,224

278,761

288,456

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 during year
ended Dec. 31, 1959—Continued
KENTUCKY
[In thousands of dollars]
M a r . 12,
1959

Oct. 6,
1959

Dec. 31,

1959

88 banks

Loans and discounts (including overdrafts)
TJ. 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
Other assets....
___

June 10,

88 banks

88 banks

88 banks

1959

367, 684
272,358
4
51,696

376, 721
295,927
4
50, 757
15,156

1,823
84,045
17, 553

1,829
83, 347
18, 066

1,846
80,193
15, 673

1,898
83,223
18, 722

85,215
8,273
49

81, 762
8,455
114

85,895
8,718
146

123, 713
8,886
139

182
46
2,285

182
56
2,455

553
41
2,288

800
52
2,349

912,936

Total assets.

53,217
17, 634

348, 390
296,026
4
53, 385
15, 706

19, 777

901, 794

978, 347

537,073

532,905

519,141

576, 648

178,155
15
12,225
49, 245
35, 746
6,392

181,684
15
13,171

185, 397
15
20, 362
48,311
52, 776
5,405
888,914
692,083
196.831

326,436
316,174

LIABILITIES
D e m a n d deposits of individuals, partnerships, a n d
corporations
T i m e deposits of individuals, partnerships, a n d corporations
Postal savings deposits
Deposits of U . S. Government
Deposits of States a n d political subdivisions
Deposits of b a n k s
Other deposits (certified a n d cashiers' checks, etc.)
Total deposits
Demand deposits
Time deposits

Bills payable, rediscounts, and other liabilities for
boiTOwed money
Mortgages or other liens on bank premises and other
real estate
Acceptances executed by or for account of reporting
banks and outstanding
Other liabilities

Total liabilities.

191, 704

184,985
15
19,871
47, 446
32,246
6,555
810,259
615,355
194,904

6,700

6,495

1,410

46
7,226

56
6,829

41
7,016

832,823

828,183

818,726

896,035

23,375
37,331
17,047
2,360

23,500
37, 631
18, 667
1,796

23,500
37,993
19,523
2,052

23,500
40,229
16,500
2,083

818,851
629,989
188,862

33, 658
7,501
8U, 803

52
7,C

CAPITAL ACCOUNTS

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

80,113

81, 594

83,068

82, 312

912,936

19, 777

901,794

978,347

102,018

101,308

96,644

MEMORANDUM

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




REPORT OF THE COMPTROLLER OF THE CURRENCY

87

and liabilities of national banks, by States, at date of each call during year
ended Dec. SI, 1959—Continued
LOUISIANA
[In thousands of dollars]
Mar. 12,
1959

June 10,
1959

Oct. 6,
1959

Dec. 31,
1959

42 banks

42 banks

42 banks

42 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 Eeserve

738,062
587,719

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
Other assets

774,014
576,250
190
128,060
15, 639

818, 511
543,465
190
127,195
15,807

3,683
190,400
26, 553

3,694
184,131
28,233

3,771
181,156
23,806

3,792
168,475
24,942

242,146
20,305
379

219, 522
21,259
276

229, 538
22,137
240

306,992
22,468
151

1,920
2,350
8,193

1,920
1,627
8,614

1,920
1,991
8,352

1,920
2,002
8, 954

1,963,185

Total assets.

125, 545
15,930

740,034
610,729
190
126,453
12,282

1,958,964

1,967,064

2,044,864

970,417

951, 587

938,039

984,837

354, 746
51
18,963
215,230
199,401
34,478
1,793, 286
1,427,M
365,792

362,867
51
22, 061
231,633
190,179
16, 745
1,775,123
1,399,795
375,328

369, 704
51
33,665
200,241
188, 523
24,385
1,754,608
1,374,015
S80,593

372,709
51
33,828
221,335
233,683
12,933
1,859,376
1,480,375
379,001

6,800

17,000

42, 650

6,050

2,595
14, 510

1,758
15, 784

2,686
13,396

2,224
24, 654

1,817,191

1,809,665

1,813,340

1, 892,316

38,858
82,028
24,687
421

39,158
82, 033
27,649
459

40, 358
83, 591
29,284
491

40,358
84,634
26, 754
802

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
Other liabilities

Total liabilities

12

CAPITAL ACCOUNTS

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

145,994

149,299

153, 724

152,548

1,963,185

1, 958,964

1,967,064

2,044,864

358,896

396,284

436,440

368,245

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. 81, 1959—Continued
MAINE
[In thousands of dollars]
Mar. 12,
1959

June 10,
1959

Oct. 6,
1959

Dec. 31,
1959

29 banks

29 banks

29 banks

28 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.
Other assets
_
_

155,759
90,153
14
14,882

166,041
85,573
9
18,340
8,184

171,672
92,804
9
17,127
8,237

170,985
88,329
9
14,968
7,455

734
25,238
7,150

736
25,143
7,905

742
24,992
6,891

743
23,466
6,727

22,900

23,118
5,539
145

5,961
128

29,503
6,165
143

5,566
247

234

261

148

1,581

1,441

1,179

332,509

Total assets .

250
1,227

342,548

363,951

349,820

145,518

154,925

158,808

157,537

119,695
7
4,857
11,215
8,726
4,098
294, 116
172,969
121,147

121,420
7
4,980
10,323
7,685
4,620

124,148
7
7,353
20,802
8,796
5,490
S25,404
199,882
125,522

122, 700
7
7,195
13,940
6,777
4,046
SI 2,202
188,097
124,105

1,600

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
_
Mortgages or other liens on bank premises and other
real estate
___
Acceptances executed by or for account of reporting
banks and outstanding
Other liabilities
I

2,800

SOS,

96G

181,114
2,475

4,108

4,283

4,455

5,339

301,024

310,718

331,459

317,641

11,650
12,826
6,024

Total liabilities. __

11,650
12,878
6,457
845

11,675
13,065
6,815

12,025
12,778
6,523
853

CAPITAL ACCOUNTS

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

_

Total liabilities and capital accounts

937

31,485

31,830

32,492

32,179

332, 509

342,548

363,951

349,820

24,638

24, 779

25,245

23,950

MEMORANDUM

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




REPORT OF THE COMPTROLLER OF THE CURRENCY

89

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1959—Continued
MARYLAND
[In thousands of dollars]
Mar. 12,
1959

Oct. 6,

Dec. 31,
1959

52 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 Keserve
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
Other assets

June 10,
1959
53 banks

53 banks

52 banks

387,367

390, 780
322,276

393,453
321,918

75,984
21,242

79, 372
22,085

77,002
18, 663

75, 710
17,848

1,875
103, 075
17,893

1,917
100,185
20,189

1,982
100, 772
18,125

1,989
100,033
18,030

105,440
11,617
374

109,153
12,056

113,042
12, 488
373

122,041
12, 523

412

353
201
3,543

353
289
4,920

353
162
3,759

356
127
3,882

1,014,923

Total assets.

344,315
329, Oil

1,067,186

1,059,777

1,068,278

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
Other liabilities
Total liabilities

512,847

529,525

517,034

553,934

235,201

243,049

247,808

248,179

21,368
84,232
59,466
3,723
916,837
674,579
242, 258

24,827
92,031
63, 778
5,096
958,306
706,122
252,184

84,919
73,421
4,881
966,361
710 048
256, SIS

8,620

17,050

400

300

201
7,6

289
7,332

162
7,279

9,393

933,327

982,977

974,202

983,513

18,138
44,363
13,448
5,647

18, 708
45,243
14, 656
5,602

19,346
46,891
14,810
4,528

19,296
47,286
13,695
4,488

85,575

84,765

1,014,923

1,067,186

1,059, 777

1,068,278

•9,471

188,653

171,207

154,075

31,102
71,662
61,823
6,993
973, 693
717,007

127

CAPITAL ACCOUNTS

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

81, 596

MEMORANDUM

Assets pledged or assigned to secure liabilities and for
other purposes




90

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, 1959—Continued
MASSACHUSETTS
[In thousands of dollars]
Mar. 12,
1959

Dec. 31,
1959

105 banks

104 banks

103 banks

1,870,006
853,412
1,170
214,747
32,115

1,956,195
806,228
1,170
233, 708
26,245

1,959,274
831,099
718
232, 774
23,192

1,981,459
908,083
728
184,232
24,261

10,165
413,188
48,898

10, 538
344,995
56, 536

10,936
440,462
56, 792

11,433
434,185
46,255

297,962
38, 787
326

335,342
39, 302
375

352,096
39,423
301

425,873

691
29, 315
17, 515

837
35, 543
19,495

28,911
16, 301

1,242
22, 728
15,152

3,828,297

Total assets .

Oct. 6,
1959

108 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
Other assets
_

June 10,
1959

3,866,509

3,993,172

4,095,374

2,204,985

2,231,161

2,246,234

2,311,858

479,918

465,089

39,438

305

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
Other liabilities
Total liabilities

948

59,079
170,016
365,830
62,059
3,342,835
2,816,657
526,178

467,248
949
861
61,128
118, 583
171,142
169, 710
378,813
431,865
61,496
68,150
3,369,778 3,502,651
2,859,886 2,990,877
511, 774
509,892

449,045
861
123,008
262, 589
396,850
50,151
3,594,362
3,109,081
485,281

23, 550

16,500

26,275

470

30, 797
62,300

36, 203
68, 355

29, 798
50,991

3,459,482

3,490,836

3,609,715

23,436
89, 788
3,708,056

87,488
203,644
61,504
16,179

87,795
204,640
65,472
17,766

88,724
217,101
60,348
17,284

88,850
223,928
57,394
17,146

CAPITAL ACCOUNTS

Capital stock: Common stockSurplus.
_
Undivided profits.
Reserves
_
Total capital accounts
Total liabilities and capital accounts
MEMORANDUM

Assets pledged or assigned to secure liabilities and for
other purposes




368,815
3,828,297
. .
, =
278,463

375,673

3,866,509

287,703

383,457
o

QQO

-179

291,318

387,318
4,095,374

289,757

EEPORT OF THE COMPTROLLER OP THE CURRENCY

91

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1959—Continued
MICHIGAN
[In thousands of dollars]
Mar. 12,
1959

Dec. 31,
1959

75 banks

75 banks

74 banks

1,705,475
1,355,811
15
384,866
12,840

1, 778,147
1,293,128
15
412,355
12, 549

1,862,665
1,235,368
8
427,461
14,140

1,904,663
1,251,918
8
433,589
12,832

7,789
344,346
62,416

7,806
405,166
69,130

7,832
392,413
61,667

7,871
334, 702

340,211
38,035
1,057

318,401
39,438
1,025

310,506
40,826
1,175

396,360
42,147
924

6,472
242
18, 733

6,588
89
19,807

6,791
452

8,176
778
20,488

4,278,308

Total assets .

Oct. 6,
1959

75 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
Other assets..

June 10,
1959

4,363,644

4,380,003

4,474, 512

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
Other liabilities
Total liabilities

1,891,927

1,911,201

1,854, 778

2,053,677

1,374,846
29
63,957
307,035
166,433
29,241
8,833,468
2,350,791
1,482,677

1,397,322
30
72,495
267,762
178,676
32,100
8,859,586
2,358,999
1,505,587

1,419,885
30
151,981
250, 594
188,957
34,449
3,900,674
2,401,001
1,499,673

1,424,174
30
132,268
252,031
181, 709
34,979
4,078,868
2,589,352
1,489,516

62,100

117,600

80, 750

1,700

27

26

242
74,606

74,986

452
77,887

778
72, 738

3,970,443

4,052,287

4,059,763

4,154,084

89,546
160, 735
52,295
5,289

89,571
160,861
56,237
4,688

89,981
161,267
63,845
5,147

90,151
163,225
61,147
5,905

CAPITAL ACCOUNTS

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

307,865

311,357

320,240

320,428

4,278,308

4,363,644

4,380,003

4,474,512

406,277

494,740

494,722

371,258

MEMOKANDUM

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




92

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, 1959—Continued
MINNESOTA
[In thousands of dollars]
Mar. 12,
1959

June 10,
1959

Oct. 6,
1959

Dec. 31,
1959

179 banks

179 banks

179 banks

179 banks

1,225,931
730,637
1
187,503
60,400

1,313,110
693,731
8
192,060
47,989

1,398,221
672,950
113
189,089
53,790

1,391,386
650,608
121
189,550
48,021

5,210
271,989
26,057

5,250
244,326
26,908

5,285
254,334
25,163

5,308
235,213
23,466

327,294
25,609
1,357

344,674
26,284
1,460

343,135
27,214
2,011

399,202

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
B ank 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
_

27,811
1,159

6,494

13,204

741
14,295

6,638
877
14, 639

7,269
1,089
15,217

2, 882,611

2,917,330

2,993,459

2,995,420

1,259,931

1,241,606

1,255,654

1,286,219

757,917
68
31,487
152,514
337,575
22,271
2,561,768
1,790,262
771,501

760,195
68
39, 726
338,179
24,324
2,591,091
1,816,535
774,556

771,618
68
71,389
132,434
367,822
26,487
2,625,472
1,889,994
785,478

769,498
68
83,897
158,080
361,502
31, 312
2,690,576
1,907, 765
782, 811

45,200

46,275

80,950

18,325

95

95

67

67

922
42,743

741
44,456

877
45,451

1,089
46,038

2,650,723

2, 682,658

2,752, 817

2,756,095

72,621
101,020
9,358

73,106
101,338
51,123
9,105

73,731
101,915
56,209
8,787

74,286
102,402
53,924
8,713

231,888

234,672

240,642

239, 325

2,882,611

2,917,330

2,993,459

2,995,420

466,466

464,773

478,725

470,455

6,497
922

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.
Other liabilities
Total liabilities
_
CAPITAL ACCOUNTS

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

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




REPORT OF THE COMPTROLLER OF THE CURRENCY

93

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1959—Continued
MISSISSIPPI
[In thousands of dollars]
Mar. 12,
1959

June 10,
1959

Oct. 6,
1959

Dec. 31,
1959

27 banks

27 banks

27 banks

27 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
Other assets
Total assets

134,882
101,852

142,578
99,507

146,895
97,116

149,971
101,701

41,757
3,741

42,364
3,565

44,332
3,694

44,625
3,779

752
31,013
7,689

771
30,446
7,423

47,190
4,777
9

755
23,017
7,847
41, 572
4,845
12

812
33,575
8,472
60,278
4,873
66

500

500

500

989

903

921

500
12
907

375,151

367,465

383,758

409,571

171,664

168,995

175,234

183,877

79,940

82,328

85,342

85,829

6,621
51,931
34,953
974

7,683
45,975
29,086
893
334,960
245,365
89,595

8,035
46,297
30 810
987
346,705
257,904
88,801

8,789
55,462
42,737
1,594
378,288
290,825
87,963

2,000

5,150

2,639

3,256

3,196

14
2,695

348, 722

340,216

355,051

380,997

7,143
17,979
1,033
274
26,429

7,143
18,029
1,888
189

7,293
18,489
2,608
317

7,774
20 296
298
206

27,249

28,707

28,574

375,151

367,465

383.758

409,571

69,066

70,110

77,756

74,239

46,601
4,995
64

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 _
Other liabilities.
Total liabilities

846,083
257,196
88,887

CAPITAL ACCOUNTS

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

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

551461—60




7

94

REPORT OF THE COMPTROLLER OF THE CURRENCY

Assets and liabilities of national banks, by States, at date of each call
ended Dec. 31, 1959—Continued

year

MISSOURI
[In thousands of dollars]
M a r . 12,
1959

June 10,
1959

Oct. 6,
1959

Dec. 31,
1959

75 banks

75 banks

75 banks

77 banks

920,316
621,812
13
126,312
18,272

941,93S
574,832
13
136,008
15,991

990,636
521,459
9
134, 501
15,460

1,017,689
592,141
22
135,018
14,831

4,133
222,937
18,934

4,135
222,054
20,482

4,148
229,283
20,035

4,213
227,470
20,085

293,924
13,462
1,120

279,044
13,651
1,377

321,287
13,848
1,239

389,330
15,117
1,150

1,125
1,900
7,777

1,171
962
8,182

1,378
1,805
7,607

1,055
409
8,277

2,252,037

2,219,840

2,262,695

2,426,807

1,193,088

1,164,122

1,158,025

1,226,037

338,509
28
24,048
87,429
388,243
12,906
2,044, 251
1,678,108
366, US

350,310
28
27,828
72,647
375,284
13,613
2,003,852
1,624,469

356,999
28
54,847
56,981
401,450
13, 282
2,041,612
1,667,104
374,508

354,442
28
56,301
115, 616
458,352
15,386
2,226,162
1,854,909
371,253

11,700

21,545

20,250

1,917
18,940

979
16,686

1,810
17,499

409
17,743

2,076,808

2,043,042

2,081,171

2,244,327

58,153
76,709
36,242
4,125

58,153
76,459
38,054
4,132

59,003
76,723
41,857
3,941

59,503
78,358
40,406
4,213

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.__
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
Mortgages or other liens on bank premises and other
real estate
Acceptances executed by or for account of reporting
banks and outstanding
Other liabilities
I
___
_.___
Total liabilities.

379,

S6S

13

CAPITAL ACCOUNTS

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

175,229

_

176,798

181,524

182,480

2,252,037

2,219,840

2,262,695

2,426,807

262,870

264,195

269,934

276,373

MEMORANDUM

Assets pledged or assigned to secure liabilities and for
other purposes




REPORT OF THE COMPTROLLER OF THE CURRENCY

95

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1959—Continued
MONTANA
[In thousands of dollars]
Mar. 12,
1959

Total assets.

Oct. 6,

Dec. 31,
1959

41 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 Keserve
bank
Eeserve 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
Other assets..

June 10,
1959
41 banks

41 banks

41 banks

159,332
138,655

175,352
124,197

182,556
126,724

178,461
134,960

23,166
11,917

24,779
10,129

25,283
10,297

26,637
10,509

584
35,048
5,000

587
33,558
4,973

32,649
4,484

598
28,799
4,750

36,436
5,621
219

34,300
5,897
110

40,641
6,272
221

45,312
6,301

49

16
11
1,679

15
1,143

297
16

2,0

"l~923

417,185

415,588

431,787

216,088

208,906

222,967

217,269

112,136

113,762

116,290

119,114

5,944

6,130
37,697
12,990
3,233
S82,718
263, S29
119,389

8,263
30,922
14,097
3,231
395,770
274,958
120,812

8,524
38,034
15,047
3,962

100

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
Mortgages or other liens on bank premises and other
real estate
Acceptances executed by or for account of reporting
banks and outstanding
__ _ __
Other liabilities
_.
Total liabilities

12,216
2,915
387,847
269,865
117,982

70

401,950

277,007
124,943
1,410
25

15
5,490

11
7,147

5
8,501

7,964

393,352

389,976

404,746

411,349

9,558
9,906
4,181
188

10,031
5,784

9,708
10,156

9,858
10,297
6,762

188

297

23,833

25,612

27,041

27,214

417,185

415,588

431,787

438,563

67,501

67,660

CAPITAL ACCOUNTS

Capital stock: Common stock.
Surplus. __
_
Undivided profits
Total capital accounts
Total liabilities and capital accounts. _
MEMORANDUM

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




78,643

96

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, 1959—Continued
NEBRASKA
[In thousands of dollars]
Mar. 12,
1959

Dec. 31,
1959

123 banks

123 banks

123 banks

483,262
338,676

492,689
319,365

529,107
301,882

516,172
303,177

88,723
13,496

87,229
11,779

86,872
10,897

86,315

2,001
122,099
11,678

2,049
113,865
12,513

2,058
114,239
10,871

2,124
117,390
10,135

144,078
8,628
72

144,625
8,600

157,087
8,621
110

171,589
8,564
110

1,000
47
3,527

1,009
9
4,087

1,000
16
4,289

1,185
4,213

1,217,287

Total assets.

Oct. 6,
1959

123 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
Other assets—

June 10,
1959

1,197,893

1,227,049

1,230,143

126,062

133,912

29

29

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
Other liabilities
_
Total liabilities..

705,079
120,706
29
24,149
91,086
145,199
8,675
1,094,928
972,650
122,278

690,062

30,161
18,620
83,762
76,340
139,913
152,113
8,109
7,480
1,062,784 1,098,828
985,511
968,851
127,228
184,972

134,449
29
33,197
79,471
153,834
10,423
1,101,465
965,809
185,656

17,350

27,445

19,200

47
8,083

8,906

16
8,359

8,052

1,120,403

1,099,094

1,125,898

1,129,536

26,900
38,749
25,966
5,269

27,263
39,951
26,882
4,703

27,278
40,312

28,478
41,953
26,678

96,884

98,799

101,151

100,607

1,217,287

1,197,893

1,227,049

1,230,143

192,402

200,171

197,264

192,484

20,019

CAPITAL ACCOUNTS

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

4,681

MEMORANDUM

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




REPORT OF THE COMPTROLLER

OF THE CURRENCY

97

Assets and liabilities of national banks, by Statesf at date of each call during year
ended Dec. 31, 1959—Continued
NEVADA
[In thousands of dollars]
Mar. 12,
1959

Total assets.

Oct. 6,
1959

Dec. 31,
1959

3 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 Eeserve
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
Other assets

June 10,
1959
3 banks

3 banks

3 banks

113,646
90,255
37,895
9,219

123, 505
87, 769
33, 776
8,050

133,843
96,567

139,900
82,779

32, 972
8,404

33,211
8,259
332
26,466
4,465

331
20, 742
3,583

332
22, 773
4,284

22,420
4,084

10,430
4,476
10

11, 290
4,506

13,471
4,760

217

209

8,911
4,985
155

195

187

1,416

1,297

1,546

318,473

311,196

292,101

298,129

117,827

125,344

135,150

133,042

99,204

102, 845

105,675

5,683
42, 762
1,371
2,723
277,087
168,422
108,665

7,682
45, 298
1,875
3,772
296,622
181,008
115,614

7,093
39,155
894
5,073
290,982
178,710
117,222

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
Other liabilities

3,460

4,516

4,666

3,632

275,942

281,603

301,288

294, 564

5,475
5,575
5,058
51

Total liabilities
CAPITAL

5,059
48,057
1,465
3,208
272,482
164,661
107,821

5,475
5,575
5,425
51

5,475
5,575
6,084
51

6,475
5,575
5,524
58

ACCOUNTS

Capital stock: Common stockSurplus
_.
Undivided profits
Reserves
Total capital accounts.

_

Total liabilities and capital accounts

16,159

16,526

17,185

16,632

292,101

298,129

318,473

311,196

57,683

60,998

61,923

58,442

MEMORANDUM

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




98

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, 1959—Continued
NEW HAMPSHIRE
[In thousands of dollars]
Mar. 12,

Oct. 6,

Dec. 31,

1959

1959

1959

51 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
Other assets
_
_

June 10,

1959

51 banks

51 banks

51 banks

130,916
72,954
18
16,330
3,467

139,992
69,894
18
17,493
3,352

141,786
80,604
10
20,429
3,109

144,634
78,084
10
16,334
2,721

651
21,828
6,702

653
23,399
7,705

656
24, 508
7,591

25,467
6,567

26,005
3,919
321

28,494
4,339
210

33, 229
4,441
293

36,056
4,502
195

55

48

52

265

221

446

283,707

295,869

316,925

315,736

151,487

161,477

175,048

169,185

53,400
10
6,370
17,262
10, 519
247,674
198,271
54,408

55,560
10
7,581
15,491
11,328
8,610
260,057
208,150
56,907

58, 607
10
10,004
16, 910
12,006
9,312
281,897
222,229

57,816
10
10,645
23, 714
10,213
3,633
275,216
216,595
58,621

3,400

2,750

975

350

2,575

2,869

9,408

253,059

265,382

285,741

284,974

6,469
15,330
7,089
1,760

Total assets .

56
540

6,469
15,380
7,577
1,061

6,469
15,390
7,948
1,377

6,469
16,059
6,942
1,292

LIABILITIES
D e m a n d deposits of individuals, partnerships, and
corporations
:
T i m e 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
Other liabilities

Total liabilities
CAPITAL ACCOUNTS

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

__.

30,648

30,487

31,184

30,762

283,707

295,869

316,925

315, 736

24,277

25,472

26,933

26,371

MEMORANDUM

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




REPORT OF THE COMPTROLLER OF THE CURRENCY

99

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1959—Continued
NEW JERSEY
[In thousands of dollars]
Mar. 12,
1959

June 10,
1959

Oct. 6,
1959

Dec. 31,
1959

166 banks

165 banks

164 banks

164 banks

1,628,857
1,161,959
449
506,920
85,482

1,698,470
1,149,261
424
514,390
81,973

1,784,848
1,162,582
293
521,858
94,030

1,821,600
1,170,647
305
536,072
92,293

7,715
280,317
76,431

7,795
297,416
81,144

7,678
308,492
77,310

294,700
74,376

213,903
52,077

237,167
53,084
875

265,789
53,647
1,118

304,126
53,719
1,126

79
13,929

599
56
14,892

596
78
15,762

801
96
15,997

4,029,622

4,137,546

4,294,081

4,373,311

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
Other assets
Total assets

7,453

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
Other liabilities..
Total liabilities.

1,634,635

1,686,101

1,747, 538

1,861, 565

1,616,810

1,652,123

1,689,201

1,678,744

50, 588
275,165
37, 785
62,634
3,677,617
2,026,910
1,650,707

54,856
251,828
39,813
60,899
3,745,620
2,060,685
1,684,935

85,203
281,994
38,215
77,143
3,919,294
2,200,052
1,719,242

89,375
269,013
40,574
50,545
3,989,816
2,282,168
1,707,648

27,119

57, 864

30,444

1,625

79
39,836

56
42,646

78
45,362

83,880

3,744,651

3,846,186

3,995,178

4,075,417

CAPITAL ACCOUNTS

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

588
89,044
89,632
139, 572
47, 963
7,804

237
90,635
141,068
52,236
7,421

237
91,462
91,699
144,805
54, 518
7,881

237
93,157
93,394
147,499
48,182
8,819

284,971

291,360

298,903

297,894

4,029, 622

4,137, 546

4,294,081

4,373,311

274,869

315,174

311,380

281,608

MEMORANDUM

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




100

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, 1959—Continued
NEW MEXICO
[In thousands of dollars]
Mar. 12,
1959

Oct. 6,
1959

Dec. 31,
1959

27 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
Other assets
_

June 10,
1959
27 banks

27 banks

27 banks

193,206
167,545

19,915
2,720

19,611
2,569

197,993
158,728
20,924
2,797

623
39,651
8,023

623
42,275
7,456

39,434
8,249

635
46,734
7,998

58,902
6,391
48

48,007
6,461
224

55,802
6,356

75,521
6,059

100

100

100

100

795

853

"940

495,845

Total assets.

184,944
173,765

488,872

492,199

520,743

253,966

196,437
162,091
20,817
2,922

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
Other liabilities
Total liabilities.-_

252,802

253,797

265,542

91,895
11
14,582
81,314
14,944
5,040
461,752
854,280
107,522

11
12,933
77,384
14,859
3,985
454,818
345,221
109,092

97,310
11
19,982
76,107
17,373
6,064
482,889
869,125
118,264

1,100

800

95,763
11
16,228
68,164
13,932
4,537
452,482
840,744
111,688
4,500

1,385

4,714

4,656

5,278

7,687

467,566

459,769

462,210

491,461

9,925
10,830
4,558
2,966

10,075
10,980
5,170
2,878

10,100
11,050
5,664
3,175

10,100
11,050
4,353
3,779

CAPITAL ACCOUNTS

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

28,279

29,103

29,989

29,282

495,845

488,872

492,199

520,743

113,420

115,279

117,330

114,768

MEMORANDUM

Assets pledged or assigned to secure liabilities and for
other purposes




REPORT OF THE COMPTROLLER OF THE CURRENCY

101

and liabilities of national banks, by Statesy at date of each call during year
ended Dec. 81, 1959—Continued
NEW YORK
[In thousands of dollars]
Mar. 12,
1959

Dec. 31,
1959

255 banks

252 banks

249 banks

5, 692,367
2,725,715
152
1,038,177
133,437

5,907,231
2,569,559
1,094
979,587
135, 254

6,149, 574
2,337,058
1,087
1,004,328
131,251

6,418,536
2, 281,414
1,060
918,948
125,501

36,136
], 164,695
98,376

36, 217
1,106,093
103, 552

36,654
1, 203,832
98,811

36,743
1,203,333
94,767

849,871
110,535
1,863

865, 569
107,839
2,215

875,364
118,815
2,414

1,229,422
128, 783
2,533

3,775
79,878
98,667

3,824
77,064
121,651

4,158
96,604
132,253

4,650
70,344
125,634

12,033,644

Total assets.

Oct. 6,
1959

256 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
Other assets
_

June 10,
1959

12,016,749

12,192,203

12,641,668

LIABILITIES

Demand deposits of individuals, partnerships, and
corporations
5, 513,241
Time deposits of individuals, partnerships, and corporations
2,824,185
Postal savings deposits
Deposits of U. S. Government
160,868
Deposits of States and political subdivisions
547,015
Deposits of banks
1,089,008
Other deposits (certified and cashiers' checks, etc.)
274,320
10,408,637
Total deposits
7,121,877
Demcmd deposits
Time deposits
Bills payable, rediscounts, and other liabilities for 8,287,260
borrowed money. __
143,908
Mortgages or other liens on bank premises and other
real estate
97
Acceptances executed by or for account of reporting
82,606
banks and outstanding
__.
289,839
Other liabilities
Total liabilities
CAPITAL

10,925,087

5,407,132

5,349,359

5,855,233

2,882,009

2,879,037

2,875,428

151,497
539, 674
1,089, 535
325,617

""261,604

273,941
450, 545
1,088, 598
377,721
10,921,466
7,768,770

10,895,464

7,074,198
8,321,271
111,914

10,411,217
7,187,529
8,228,688
247,899
120

3,152,696
103,679

97
80,456
304,108

102,161
297,381

108
80,020
399,770

10,892,039

11,058,778

11,505,043

229
366,169
866,898
570,060
183,497
13,470

368,630
868,859
571,373
186,185
10,208

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 arcounts.

229
365,461
365,690
568,797
159,893
14,177

229
366,102
866,831
570,781
173, 575
14,023

229

1,108,557

1,124,710

1,133,425

1,136,625

12,033,644

12,016,749

12,192,203

12, 641,668

1,332,397

1,260,192

1,267,773

1, 204,285

MEMORANDUM

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




102

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, 1959—Continued
NORTH CAROLINA
[In thousands of dollars]
M a r . 12,
1959

J u n e 10,
1959

Oct. 6,
1959

Dec. 31,
1959

43 b a n k s

43 banks

42 b a n k s

39 b a n k s

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
Other assets

181,846

324,571
159,418

336,788
169,456

341,995
169,867

50,226
14,899

48,119
12,477

48,338
14,371

51,629
13,567

1,533
56,984
18,057

1,564
55,023
17,145

1,584
54,400
19,541

1,572
60,345
18,704

82,355
9,767
61

79,731
10,126
58

90,938
10,431

104,449
10,249
36

479
2,109

26
2,401

419
1
2,376

718,238

Total assets.

430
2,257

710,820

748,792

775,209

395,459

391,923

419,860

439,001

138,836

140,748

141,087

135,587

12,572
58,357
17,459
16,076
638, 759
474,378
164,381

16,624
51,457
17,079
14,293
632,124
467,837
164,287

26, 546
54,861
20,307
8,751
671,412
510,940
160,472

33,161
48,447
24,163
13,968
694, S27
545,397
148,930

5,550

3,215

10,775

10,358

10,727

1
15,923

655,084

645,697

682,165

710,801

15,895
35,290
10,410
1,559

16,508
35,544
11,563
1,508

16,583
36,069
12,453
1,522

16,243
36,448
10,285
1,432

LIABILITIES
D e m a n d deposits of individuals, partnerships, a n d
corporations
T i m e deposits of individuals, partnerships, a n d corporations
Postal savings deposits
Deposits of U . S . Government
Deposits of States a n d political subdivisions
Deposits of b a n k s
Other deposits (certified a n d cashiers' checks, etc.)
Total deposits
Demand deposits
Time deposits
Bills payable, rediscounts, a n d other liabilities for
borrowed m o n e y
Mortgages or other liens on b a n k premises a n d other
real estate
Acceptances executed b y or for account of reporting
b a n k s a n d outstanding.__
__
Other liabilities.
_

Total liabilities .

550

CAPITAL ACCOUNTS

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

i3,154

65,123

66,627

64,408

718,238

710,820

748,792

775,209

120,476

117,935

122,239

111,663

MEMORANDUM

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




EEPOBT OF THE COMPTROLLER OF THE CURRENCY

103

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1959—Continued
NORTH DAKOTA
[In thousands of dollars]
Mar. 12,
1959

June 10,
1959

Oct. 6,

Dec. 31,
1959

38 banks

38 banks

38 banks

38 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
B ank 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.

134,065
138,433
5
23,029
16, 776

147,223
125,411
23,726
14,580

152,246
128, 576
5
25,599
13,688

149,189
124,555
5
26,834
13,416

539
30, 727

3,839

541
29,142
3,638

552
30,966
3,729

565
30,175
3,609

28,424
4,185
305

20,273
4,244
304

30,302
5,093
375

28,598
5,155

250

251

250

284
250

1,885

2,386

1,783

382,462

Total assets.

371,724

393,164

~"l,~795
384,430

186,975

180,676

199,875

193,118

117,959
6
5,474
29,184
10,262
3,194
853,05A
231,101
121,953

120,679
6
5,425
22,005
9,831
2,302
SJfi, 92A
215,502
125,422

122,620

122,920

6,436
17,067
12,848
2,777
361,629
285,612
126,017

8,167
15,314
10,902
2,810
853,287
227,589
125,698

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
epo
t
D i t of banks
Deposits f b k
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
Other liabilities
Total liabilities.

500

1,200

250

539

5,023

5,090

5,464

5,488

358, 577

347,214

367,343

359,264

7,210
10, 765
5,231

7,240
10,805
5,811
654

7,890
10,515
6,847
569

10,926

CAPITAL ACCOUNTS

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

679

8,015
5,651
574

23,885

24,510

25,821

25,166

382,462

371, 724

393,164

384,430

55,885

56,189

55,321

MEMORANDUM

Assets pledged or assigned to secure liabilities and for
other purposes




00, O

104

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, 1959—Continued
OHIO
[In thousands of dollars]
Mar. 12,

Dec. 31,
1959

225 banks

223 banks

222 banks

2,439,507
1,851,760
308
368,777

2,540,782
1,780,822
420
385,014
100,675

2,656,702
1,708,729
262
400,827
87,275

2,719,426
1,767,963
260
407,056
71,254

11,946
535,101
, 91,038

12,064
503,705
94,169

12,116
543,322
85,745

12,232
548,189
88,562

468,522
69,897
618

468,398
70,838
697

483,130
71,037
727

596,391
71,886
607

3,328
276
19,486

3,361
118
19,775

3,645
167
20,971

3,605
188
20,235

5,953,192

Total assets.

Oct. 6,

227 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
_..
Other assets
=.._
_
_
_
_

June 10,
1959

5,980,838

6,074,655

6,307,854

2,715,192

2,687,456

2,642,065

2,885,097

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
__.
Other liabilities
Total liabilities.-_
.

1,831,610
1,878,877
165
160
148,335
91,834
487,347
455,241
254,558
243,506
72,088
71, 573
5,876,071 5,381,385 5,483,430
3,458,101 3,451885 8,522,969
1,917,970 1,926,500 1,960,461
1,826,863
190
77,639
445,165
240,583
70,439

1,903,217
160
164,364
436,472
259,707
61,016
5,710,088
8,738,416
1,976,617
607

21,435

32,764

16,313

27

25

23

276
73,955

118
78, 074

5,471,764

5,492,366

167
78,675
5,578,608

5,809,735

157,679
241,206

158,036
242,662
84,349
3,425

159,192
244,605
88,618
3,632

160,080
249,656
84,843
3,540

188

CAPITAL ACCOUNTS

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

_
_a

_

Total liabilities and capital accounts

3,557
481,428

488,472

496,047

498,119

5,953,192

5,980,838

6,074,655

6,307,854

934,193

1,000,930

970,766

949,312

MEMORANDUM

Assets pledged or assigned to secure liabilities and for
other purposes




REPORT OF THE COMPTROLLER OF THE CURRENCY

105

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1959—Continued
OKLAHOMA
[In thousands of dollars]
Mar. 12,
1959

June 10,
1959

Oct. 6,
1959

Dec. 31,
1959

197 banks

197 banks

197 banks

197 banks

786,040
599,177
23
162,118
30,714

814,960
578, 527
23
162,414
29,289

822,891
541,431
23
166,102
23,221

878,722
577,519
17
170,242
23,559

3,997
191,450
25,032

4,016
160,958
24,778

4,045
192, 662
23,490

4,211
168,549
25,432

302,898
27, 545
374

285,252
27, 523

284, 660
28,736
559

399,240
28,498

6,985
520
5,320

6,956
897
6,053

6,733
1,206
4,469

1,661
4,097

2,142,193

2,102,054

2,100,228

2,289,029

1,186,114

1,121,501

1,111,144

1,260,636

309. 564
97
34,497
174,964
192, 748
15,624
1,918,608
1,596,919
316,689

321,065
97
33,343
164, 561
195,630
13,749
1,849,94.6
1,521,614
828,882

328,431
91
51,619
157,296
199,241
16, 111
1,868,983
1,527,995
885,938

330,587
91
54,935
182,032
209,099
20,926
2,058,806
1,721,928
836,378

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
___
Eeserve 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
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. GovernmentDeposits 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
__
_
Other liabilities
_
Total liabilities
_
_..

25,800

44,614

26,240

22,135

1,206
11,149

1,661
11,389

50

5

520
12,064

897
12,486

1,952,080

1,907,993

1,902, 533

2,093,496

53,457
78,326
52,705
5,625

53,858
78,851
56,025
5,327

54,433
79,175
58,840
5,247

55,308
80,122
55,638
4,465

CAPITAL ACCOUNTS

Capita] stock: Common stock
_
_._
Surplus
__
_
_.
Undivided profits.
_____
Reserves
Total capital accounts
Total liabilities and capital accounts.
___

190,113

194,061

197,695

195,533

2,142,193

2,102,054

2,100,228

2,289,029

MEMOKANDUM

Assets pledged or assigned to secure liabilities and for
other purposes




390,605

384,437

106

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, 1959—Continued
OREGON
[In thousands of dollars]
Mar. 12,
1959

June 10,
1959

Oct. 6,
1959

Dec. 31,
1959

11 banks

11 banks

11 banks

11 banks

778,615
539,729

838,917
480,946

174,171
15,193

Total assets .

885,589
472,654

173,458
14,461

886,271
463,173
10
172,198
10,861

2,919
182,442
13,486

2,972
171,028
13,463

2,974
180, 709
13,045

2,974
170, 654
13,454

124,716
26, 753

125,016
27, 594
653

119,916
28,666

155,259
29,090
745

58
52
8,402

58
155
9,503

8,033

305
9,196

1,866,845

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
Other assets
_

1,858,224

1,886,544

1,921,192

798,795

820,585

855,468

818,770

169,478
11,786

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
Other liabilities

644, 728
638,471
668,130
14
14
14
13,384
11,690
26,969
156,265
125,161
93,104
29,444
27,481
26,723
34,428
33, 693
28,452
1,670,801 1,668,352 1,698,860
984,989 1,002,181
990,007
678,413
680,794

677,223
14
21,477
157,409
26, 746
37,141
1,788,780
1,081,138
707,647

8,200

161

248

284

230

52
35,557

155
40,691

98
41, 529

305
34,929

1,726,571

1,712,646

1,740,771

1,774,294

42,940
54,360
42,957
17

Total liabilities .

20,000

44,090
54,960
46,528

44,090
55,025
46,657
1

44,090
55,075
47,733

50

CAPITAL ACCOUNTS

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

_

Total liabilities and capital accounts

140,274

145,578

145,773

146,898

1,866,845

1,858,224

1,886,544

1,921,192

479, 586

451,591

427,023

429,456

MEMOBANDUM

Assets pledged or assigned to secure liabilities and for
other purposes




REPORT OF THE COMPTROLLER OF THE CURRENCY

107

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec, 31, 1959—Continued
PENNSYLVANIA
[In thousands of dollars]
Mar. 12,
1959

June 10,
1959

Oct. 6,
1959

Dec. 31,
1959

480 banks

478 banks

474 banks

473 banks

3,773,029

2,305,471
37
736,330
144,746

3,902,895
2, 289,150
45
755,004
142,718

4, 221,877
2,214,967
308
803,164
149, 698

4,302, 584
2,173,316
314
789,449
140,213

22,367
784, 224
134,472

22,436
762, 993
152,121

23,771
784,227
136,741

23,860
821,193
136,135

590,683
106, 552
2,427

584,066
108, 589
2,610

610, 220
112, 742
2,284

733,891
113,205
2,512

3,242
7,981
28,087

3,712
10,980
31,668

3,568

3,661
5,433
29,609

8,639, 648

8, 768, 987

9,101,320

9,275,375

3,958,394

3,954, 925

3,937,670

4,201,006

2,777,251
2,838,199
682
682
102, 655
120, 070
335,330
302, 254
382, 713
406,437
79,409
78,462
7,636,434 7, 701,029
4, 782,183 4, 789,489
2,854, %51 2,911,540

2,963,205
660
203,458
373,139

2,963,617
664
209,198
304,332
426,894
89,375
8,195,086
5,168,461
3,026,625

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
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
Mortgages or other liens on bank premises and other
real estate
Acceptances executed by or for account of reporting
banks and outstanding
Other liabilities
Total liabilities

443,489

81,819
8,003,440
4,964,136
3,039,304

14, 875

68, 945

36,100

140

133

150

148

8,401
93,680

11, 799

9,505
95,169

5,761
116,629

7, 753, 530

7,870, 766

8,144,364

8,323,474

5,850

CAPITAL ACCOUNTS

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

50
229,433
229, 483
511,346
132, 738
12, 551
886,118

50
231,428
231,478
513,343
142, 437
10,963

50
246,164
246,214
543, 235
155, 994
11, 513

50
247,230
247,280
547,158
146,395
11,068
951,901

898, 221

956,956

8, 768, 987

Total liabilities and capital accounts

9,101, 320

I 275,375
,

974,934

1,104,794

1,044,717

MEMORANDUM

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




939, 012

108

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, 1959—Continued
RHODE ISLAND
[In thousands of dollars]
Mar. 12,
1959

June 10,
1959

Oct. 6,
1959

Dec. 31,
1959

4 banks

4 banks

4 banks

4 banks

Total assets.

272,992
147,563
12
46,200
3,163

275,983
136,952
12
49,925
3,507

289,099
129,639
12
50,076
2,147

291,657
127,766
37
46,671
1,857

1,289
31,444
9,559

1,289
34,405
9,753

1,303
38,372
8,488

1,298
39,139
8,540

18,721
7,860
13G

17,189
7,858
109

19,369
7,796
126

24,921
7,823
79

4,689
2,016

3,300
2,585

1,822
1,971

2,330
2,392

545,644

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
_.
Other assets

542,867

550,220

554,510

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
p
tte
Deposits f b k
D i t 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
Other liabilities
__

201,342

196,276

210,561

241,006
24
5,896
19,480
3,875
7,955
479,578
287,646
241,982

244,492
24

242,552
24
10,235
20,938
4,756
2,849
491,915
248,694
243,221

15,000

10,500

10,550

4,689
8,663

3,300
5,885

1,822
7,208

2,331
15,398

502,492

499,263

505,495

509,644

13,180
25,292
4,632
48

Total liabilities...

198,163
236,506
24
5,379
21, 531
3,760
8,777
474,U0
836,647
237,498

13,180
25,293
5,089
42

13,490
25,436
5,747
52

13,490
25,456
5,910
10

9,302
23,473

4,133
8,215
485,915
240,688
245,232

CAPITAL ACCOUNTS

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

_

Total liabilities and capital accounts

43,152

44,866

545,644

554,510

MEMORANDUM

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




40,675

36,209

28,519

30,189

REPORT OF THE COMPTROLLER OF THE CURRENCY

109

and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1959—Continued
SOUTH CAROLINA
[In thousands of dollars]
Mar. 12,
1959

June 10,
1959

Oct. 6,
1959

Dec. 31,
1959

25 banks

25 banks

25 banks

25 banks

280,067
173,520

281, 329
180,272

284,081
186,276

36,085
10, 780

41, 524
9,108

41, 572
9,050

1,187
52,200
16, 014

37,495
8,262
1,202
53,445
16, 580

1,223
50, 756
15,375

1,234
52,252
14,890

8,526
182

70,308
8.953
209

72,367
9,144
270

89,206
10,179

2,840

2,972

7
1
3,647

2,512

653,021

665,023

691, 650

378,238

380,488

399, 419

404, 909

92,092
2
15,187
61,055
16,141
13, 506
576,221
470, 711
105,610

93,115
2
15, 550
63, 529
15,859
12, 558
581,101
474,469
106,682

96, 716

90,962

21,401
62,143
15,355
494,350
110,853

20, 596
80,675
16, 464
17,265
630,871
525,387
105,484

10,200

13, 750

8,930

9,407

595,351,

Total assets.

266,610
182,465

643,287

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
Other assets

604,258

1
10,152
615,356

641, 574

12,810
26, 740
7,223
1,163

13,025
27,030
7,590
1,118

13,250
27, 510
7,993
914

13,375
27,800
7,927
974

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
_.
Other liabilities
__
___
Total liabilities

10, 703

CAPITAL ACCOUNTS

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

47,936

48,763

49, 667

50,076

643,287

653,021

665,023

691, 650

119,029

115,004

108,045

130,729

MEMORANDUM

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

551461—60

8




110

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, 1959—Continued
SOUTH DAKOTA
[In thousands of dollars]
Mar. 12,

Oct. 6,

Dec. 31,

1959

1959

1959

34 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
Other assets...
_
_
_

June 10,

1959

34 banks

34 banks

34 banks

160,486
134,543

180,068
120,921

181,404
124,878

180,382
127,737

23,042
10,942

23,317
9,340

23,201
9,163

22,948
8,245

663
29,942
4,015

33,002
4,242

735
32,933
3,972

784
25,214
4,141

27,250
5,849

32,643
5,826
152

28,276
5,975
194

28,182
4,521
348
238

400

400

2,102

2,036

399,340

Total assets .

400
1,987
407,163

417,409

406,332

196,123

189,167

202, 451

198,365

113,428

115,993

118,176

119,180

6,239

6,223
49,881
8,911
3,713
873,888
248,261
125,627

7,732
40,898
10,788
2,625
882,670
254,740
127,980

7,759
35,930
10,222
2,556
874,012
247,097
126,915

2,130

1,875

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
Other liabilities
Total liabilities

8,129
4,440
867,045
248, 839
123,706
1,800

4,945

5,124

5,813

5,862

373,790

381,142

390,358

379,874

7,023
11,920
6,044
563

7,223
12,645
5,620
533

7,256
13,122
6,123
550

7,531
13,457
4,928
542

CAPITAL ACCOUNTS

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

25, 550

26,021

27,051

26,458

399,340

407,163

417, 409

406,332

75,636

73,082

72,514

70,108

MEMORANDUM

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




REPORT OF THE COMPTROLLER OF THE CURRENCY

111

and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1959—Continued
TENNESSEE
[In thousands of dollars]
Mar. 12,
1959

Oct. 6,
1959

Dec. 31,
1959

75 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
Other assets

June 10,
1959
75 banks

75 banks

75 banks

980, 792
543,058
82
139,842
22, 632

1,053,913
518, 595
74
144,307
21, 514

1,095,420
544,198
74
142,135
21,807

4,132
197, 569
37,947

4,471
195, 435
37,448

4,478
196, 742
34, 542

4,538
190,380
39,821

276,172
24,293
185

269, 772
24, 540
210

294, 377
24, 662
499

387,379
24,197
547

6,060
5,440

45
5,766

73
5,931

12
117
5,682

2,225,858

Total assets..

956,385
557,022
82
136, 774
23, 797

2,224,093

!, 299, 707

2,456, 307

951,781

949, 774

967,397

1,026,921

567,087
164
24, 704
156,144
306, 687
16,219
2,022,786
1,4%8,305
594,481

582, 352
164
32,903
168, 526
276, 596
14,933
2,025,248
1,409,957
615,291

586,430
161
44,143
154, 612
333, 525
14, 360
2,100,628
1, 478, 743
621,885

593,359
162
48,172
146, 772
406,490
16,868
2,238, 744
1,617,911
620,833

5,950

2,215

755

16,400

53

48

47

39

6,060
23,167

45
23,956

73
23,418

117
27, 289

2, 058,016

2,051, 512

2,124,921

2,282, 589

49, 755
84,588
29, 617
3,882

52,030
28,494
3,869

52, 330
88, 376
30,195
3,885

52,405
89,450
27, 699
4,164

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
Other liabilities
Total liabilities
CAPITAL ACCOUNTS

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

167,842

172,581

174, 786

173, 718

2,225,858

2,224,093

2,299, 707

2,456,307

258,873

274,696

280,421

274,653

MEMORANDUM

Assets pledged or assigned to secure liabilities and for
other purposes




112

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, 1959—Continued
TEXAS
[In thousands of dollars]
Mar. 12,
1959

Dec. 31,
1959

461 banks

465 banks

466 banks

3,814,416
2,243,173
523,500
137,195

3,923,739
2,163,959
50
524,711
122,243

4,024,706
2,054,117
17,471
559,450
117,449

4,134,286
2,132,220
32,761
570,868
119,726

18,680
856,965
103,649

18,947
790,810
106 056

19,293
832,553
103,017

19,611
821,540
104,814

1,381,188
164,035
6,918

1,359,148
169,708
7,298

1,392,387
170,317
8,405

1,780,715
171,387
8,608

8,495
26,845
24,344,

8,440
9,761
30,105

8,410
19,467
30,028

8,902
74,638
31,573

9,309,403

Total assets.

Oct. 6,
1959

458 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
Other assets
_
_
_

June 10,
1959

9,234,975

9,357,070

10,011,949

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
Other liabilities
___.
Total liabilities..-

4,877,423

4,788,989

4,853,378

5,107,517

1,470,545
1,143
101,364
762,610
1,122,456
106,932
8, 442,478
6,671,981

1,508,777
888
112,811
714,434
1,115,048
80,281
8,321,228
6,502,852
1,818,876

1,453,908
1,143
181,755
609,765
1,136,282
87,813
8,824,044
6,601,724

1,469,880
1,143
189,046
748,306
1,376,320
141,283
9,038,495
7,283,425

1,722,820

1,750,070

1,770,492
22,622

60,373
136

161,260

50,088
337
75,963
71,398

157
27,145
59,711

10,060
70,205

144
19,493
64,334

8,552,108

8,462,002

8,569,275

9,231,281

278,626
343,345
110,688
24,636

282,567
347,574
119, 584
23,248

285,190
353,345
126,973
22,287

296,731
351,276
106,607
26,054

CAPITAL ACCOUNTS

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

757,295

772,973

787,795

780,668

9,309,403

9,234,975

9,357,070

10,011,949

1,453,757

1,401,552

1,481,866

1,421,529

MEMORANDUM

Assets pledged or assigned to secure liabilities and for
other purposes




REPORT OF THE COMPTROLLER OF THE CURRENCY

113

and liabilities of national banks, by States, at date of each call during year
ended Dec. 81, 1959—Continued
UTAH
[In thousands of dollars]
Mar. 12,
1959

June 10,
1959

Oct. 6,
1959

Dec. 31,
1959

7 banks

7 banks

7 banks

7 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
_.
Other assets

257,063
99,789

242,928
95,871

255,842
88,123

36,646
3,426

3,475

38,276
3,430

38,647
3,292

848
45,359
4,889

36,998
4,337

873
48,227
4,242

882
48,386
4,996

27,066
1,279
27

31,871
1,326
27

29,847
1,334

37, 563
1,376
43

6,000

6,000

6,000

6,000

1,331

422

""355"

559

474,314

Total assets .

235,181
112,262

478,453

471,446

485,709

190,485

191,296

196,204

199,722

168,338
603
5,257
43,802
14,317
3,706
426,508
24O, 715
185, 793

169,144
603
7,528
40,281
14,548
3,370
426,770
2Jfi, I46
186,624

169,596
543
9,390
32,190
17,331
3,879
429,183
243,325
185,808

168,455
543
8,379
49,685
13,280
4,217
444,281
260,140
184, Hi

5,000

10,000

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
Other liabilities

8,216

6,942

7,328

6,712

439,724

443,712

436,461

450,993

10,075
17,510
5,743
1,262

Total liabilities.

10,075
17,510
6,534
622

10,075
17,550
6,798

10,075
17,660
6,421
560

CAPITAL ACCOUNTS

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

-

Total liabilities and capital accounts

34,590

34,741

34,985

34,716

474,314

478,453

471,446

485, 709

20,191

23,524

27,943

MEMOKANDUM

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




114

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, 1959—Continued
VERMONT
[In thousands of dollars]
Mar. 12,

June 10,

Oct. 6,
1959

Dec. 31,
1959

32 banks

32 banks

32 banks

32 banks

1959

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
Other assets

1959

109,532
57,136
7
12, 269
3,255

116,325
53,737
7
13,664
3,296

117,606
57,532
2
14,712
3,430

118, 548
56,351
2
13,162
3,008

422
15,142
3,470

424
14,737
3,665

427
16,478
3,409

427
14,483
3,509

11, 614
2,455
97

12,925
2,653
90

15,975
2,751
104

13,862

749

773

560

610

222,731

233,748

85

573

216, 557

Total assets..

2,879

227, 522

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
Other liabilities

60,518

65,734

70,849

120,317
3
2,343
5,852
1,224
2,593
192,850
71,646
121,204

121,207
3
2,591
4,507
1,479
3,017
198,588
76,613
121,925

123,085
3
3,355
7,009
1,658
3,701
209,660
86,001
123,659

121,893
3
3,022
8,480
1,573
2,612
203,951
81,087
122,864

1,025

907

1,050

118

2,969

2,853

2,570

3,434

196,844

Total liabiities.

202,298

213,280

207, 503

800
6,025
6,825
7,237
4,328
1,323

800
6,100
6,900
7,287
4,940
1,306

800
6,100
6,900
7,323
4,854
1,391

800
6,100
6f900
7,730
4,010
1,379

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

19,713

_

20,433

20,468

20,019

216, 557

222,731

233,748

227, 522

9,631

9,962

11,459

10,181

MEMORANDUM

Assets pledged or assigned to secure liabilities and for
other purposes




REPORT OP THE COMPTROLLER OF THE CURRENCY

115

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1959—Continued
VIRGINIA
[In thousands of dollars]
Mar. 12,
1959

Dec. 31,
1959

130 banks

130 banks

130 banks

827,356
522,957
23
132,446
36,819

878,190
488,121
23
127,444
30,600

895,029
487,808
30
126,198
32,211

913,541
490,456
110
124,826
35,864

3,702
144,913
36,041

3,731
149, 742
35, 579

3,965
161.486
33,666

4,034
153,068
33,354

172,944
25,132
942

174, 557
25, 558
959

180,910
25, 638
923

237, 619
25,302
995

1,626
235
3,919

1,622
191
4,417

1,622
294
3,646

1,639
167
4,291

1,909,055

Total assets.

Oct. 6,
1959

130 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
Other assets

June 10,
1959

1,920, 734

1,953,426

2, 025,266

855, 792

845,193

872, 733

861,727

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
Other liabilities
Total liabilities

599,194
110
41, 621
112,669
91,404
21,273
1,722,068
1,060,390
661,673
11,136

607,957
624,293
111
107
40,254
57,410
128,395
91,858
94, 571
105,161
23,107
18,862
1,739,588 1,770, m
1,069,150 1,093,758
670,438
676,666
5,725

620, 770
107
56,024
129, 322
141, 605
24, 706
1,834,261
1,159, 351
674,910

1,250

1,950
91

63
235
16,488
1, 749,990

191
13, 773

294
14,830

167
24, 034

1, 759,340

1, 786,861

1,860, 503

44,093
79,660
31,314
3,998

44,368
81,615
31, 733
3,678

44,928
82,998
34, 754
3,885

45,223
85,015
30,915
3,610

CAPITAL ACCOUNTS

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

159,065

161,394

166, 565

164, 763

1,909,055

1,920, 734

1,953,426

2,025,266

312,393

312,078

309,626

309, 738

MEMORANDUM

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




116

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, 1959—Continued
VIRGIN ISLANDS OF THE UNITED STATES
[In thousands of dollars]
Mar. 12,
1959

Oct. 6,
1959

Dec. 31,
1959

lbank

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
Other assets
_
_

June 10,

lbank

lbank

lbank

5,045
6,011

5,202
5,613

5,787
5,900

6,102
6,185

1,029
2

1,031
2

1,025
2

1,519
2

15
1,076
612

15
1,054
543

15
1,058
447

15
1,029
504

1,382
48
41

2,456
46
41

170

136

47

125

15,711

Total assets .

15,325

15,752

18,024

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
Other liabilities
_.
Total liabilities.

4,377

4,078

4,015

5,698

5,998

6,265

6,202

121
4,423
44
109
14,772
7,175
7,597

142
3,860
61
219
14, S58
6,444
7,914

152
4,176
74
65
UJ47
6,575
8,174

161
6,809
66
52

16,970
7,888
9,087

171

141

186

295

14,943

14,499

14,933

17,265

250
250
141
127

250
250
198
128

250
250
177
142

250
250
171

CAPITAL ACCOUNTS

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

768

759

15,711

15,325

5,316

4,516

18,024

MEMORANDUM

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




5,008

7, 111

REPORT OF THE COMPTROLLER OF THE CURRENCY

117

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1959—Continued
WASHINGTON
[In thousands of dollars]
Mar. 12,
1959

1959

Dec. 31,
1959

24 banks

25 banks

25 banks

1,106,701
651,551

1, 273,909
581,986

1,263,575
565,884

182, 626
33,977

1,188, 714
614,813
198
184,890
29, 912

180, 713
25,854

177,063
17,728

4,096
234,409
29, 785

4,086
239, 772
29, 679

4,415
240,455
26,175

4,447
274,481
27,055

213, 418
36,440
730

229,145
37, 539
719

235,450
37, 710
1,039

247,055
37,924
1,157

480
407
10, 742

480
1,837
12,129

488
1,172
10, 643

490
732
13,690

2, 505,362

Total assets _

Oct. 6,

26 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
Other assets

June 10,
1959

2, 573,913

2,620,009

2, 631,281

1,276, 675

1.279,484

1,299, 512

1,324, 777

727, 433
10
31, 526
143,102
78,917
22,871
2,280,534
1,540,230

734,330
9
33, 513
183, 685
78,020
22, 617
2,331,658
1,584,712
746,946

755,215
9
58, 617
153,108
75, 597
25,583
2,372,641,
1,603,879
768,762

769,677
9
51,899
171, 652
75, 662
17, 772
2,411,448
1,628,607
782,841

5,950

15,000

21, 500

446
36,124

1,837
41,315

1,258
37,215

805
30, 598

2, 323,070

2, 389,818

2,432,622

2,442,859

56,400
80,125
44,264
1,503

56,100
80, 200
46,358
1,437

61,700
85, 575
38, 707
1,405

62, 750
85, 575
38, 738
1,359

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
Other liabilities.
Total liabilities

16

CAPITAL ACCOUNTS

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

182,292

184, 095

187, 387

188,422

2, 505, 362

2, 573, 913

2,620, 009

2, 631,281

423,336

443,256

452,941

454,956

MEMORANDUM

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




118

REPORT OP THE COMPTROLLER OF THE CURRENCY

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1959—Continued
WEST VIRGINIA
[In thousands of dollars]
Mar. 12,
1959

June 10,
1959

Oct. 6,
1959

Dec. .31,
1959

77 banks

77 banks

77 banks

77 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.—
Other assets
_

238,066
270,324

248,177
273,738

258,455
260,498

262,154
264,602

36,933
8,443

37,813
7,304

38,265
8,024

38,903
8,614

1,516
58,660
16, 740

1,520
61, 551
18,204

1,553
56,364
15,815

1,562
58, 579
16,431

60,433
7,587
131

58,714
8,018

64,427
8,826
219

80, 715
8,658

367
2,400

142
367

367

417

1,509

~1~492
742,370

701,600

Total assets.

"~2," 135"
717,683

714,322

333,264

335,204

333,422

341,662

199,493
171
9,708
47, 701
28, 472
7,902
626,711
425,417
201,294

203,671
171
10, 883
45, 533
29, 724
7,658
632,844
427,486
205,358

209,072
161
15,157
46,816
27,643
6,401
638,672
428,503
210,169

211,459
161
15,043
54, 510
36,446
8,162
667,443
454,826
212,617

12,315

1,750

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
Mortgages or other liens on bank premises and other
real estate
Acceptances executed by or for account of reporting
banks and outstanding
_
Other liabilities..__
_
___
_._.
Total liabilities.-.

2,300

143

3,918

4,041

5,950

633,379

649,077

644,463

673, 536

17,621
32,910
14,424
3,266

17,621
32,960
15,363
2,662

17,621
34,095
15,383
2,760

17,696
34,690
13,515
2,933

701,600

717,683

714,322

742,370

123,657

136,161

123,489

122,505

4,3

CAPITAL ACCOUNTS

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

68,221

MEMORANDUM

Assets pledged or assigned to secure liabilities and for
other purposes




BEPORT OF THE COMPTROLLER OF THE CURRENCY

119

Assets and liabilities of national banks, by States, at date of each call during year
ended Dec. 31, 1959—Continued
WISCONSIN
[In thousands of dollars]
Mar. 12,
1959

June 10,
1959

Oct. 6,
1959

Dec. 31,
1959

97 banks

97 banks

97 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
Customers' liability on acceptances outstanding
Other assets
_
_
Total assets

761,461
718,920
5
104,099
39,863

824,715
664,031

640,116

113,469
36, 758

119,247
36,420

3,393
154,132
24,427

3,400
180,804
27,136

3,404
166,464
25,016

3,509
169,461
24,493

219,225
18,416
1,128

185,957
18,884
1,280

188,275
19,220
1,304

267,183
19,366
1,515

110
78
7,857

110
65
7,884

301
147
8,214

2,053.114

2,031,498

2,051,318

173
7,627
2,160,404

904,319

_

790,351
670,909
11
106, 767
37,940

904,230

914,018

1,003,318

664,819
953
30,977
73,035
141, 569
18,546

678, 479
953
53,856
69,024
146, 756
17, 598
1,880,684
1,191,271

681, 359
878
56,131
84,084
146, 793
11,419
1,983,982
1,295,128

689,413

688,854

4,050

207
111
173
31, 535

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.)

957
30,915
113,960
154,923
22,409
1,881,178
1,213,763
667,415

38,920

116

116

78
21, 564

65
18,949

111
147
22,814

1,914,886

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
Other liabilities
Total liabilities

1,834,1%9
1,155,245
678,884

11, 950

Total deposits
Demand deposits
Time deposits

1,892,179

1,907,806

2,016,008

50
38,224
38, %74

74,845
20,502
4,607

50
38,274
38,32k
74,980
22,314
3,701

50
38,394
38,444
75,085
26,350
3,633

50
39,369
39,419
77,605
23, 733
3,639

139,319

143, 512

144, 396

2,053,114

2,031,498

2,051,318

2,160,404

162,831

194, 928

167,453

156,030

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




120

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, 1959—Continued
WYOMING
[In thousands of dollars]
Mar. 12,

Total assets.

Oct. 6,

1959

1959

25 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.
Other assets
_
_
_

June 10,

1959

25 banks

25 banks

111, 269
104,416

118,713
97,284

118,575
94,853

120,451
102,553

14,521
5,641

14,864
5,580

16,069
5,044

15,964
4,795

448
23,935
4,466

451
21,536
4,479

459
24, 534
4,680

485
22, 519
4,493

27,980
3,561
90

29,970
3,678
179

32,210
3,724
175

38, 561
3,583
222

922

1,106

1,456

1,522

Dec. 31,
25 banks

297,249

297,840

301, 779

315,148

138, 748

137, 694

142,614

148,001

78,302
18
4,769
34,335
11,601
1,824
269,597
183,769
85,828

79, 672
18
4,832
31,057
11,094
2,010
266,877
179,391
86,986

79,558
18
6,194
29,065
14,183
1,789
278, W
186,474

80,332
18
6,269
37,734
14, 527
1,548
288,429
200,689
87,790

2,925

6,083

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
Other liabilities
_.

86,947
700
2,370
35
35
3,487

3,770

3,702

275,947

279,596

292,866

3,703
10,642
6,276
987

Total liabilities.

3,119
275.641

3,703
10,692
6,700
798

3,703
10,692
6,950
838

4,203
11,217
5,853
1,009

CAPITAL ACCOUNTS

Capital stock: Common stockSurplus
Undivided profits.Reserves
_
_
Total capital accounts

_

Total liabilities and capital accounts

21,608

21,893

22,183

22,282

297,249

297,840

301,779

315,148

63,478

60,760

58,046

57,183

MEMORANDUM

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




TABLE N O . 17.—-Fiduciary

activities of national banks as of Dec. 81 1959
',
B a n k s w i t h capital stock of—
$25,001 to
$50,000

$25,000

$100,001 to
$200,000

$50,001 to
$100,000

$200,001 to
$500,000

$500,001 a n d
over

Total

Number of national banks with trust powers but not administering trusts
Number of national banks with trust powers administering
trusts

6

32

68

69

56

12

243

5

28

159

344

412

545

1,493

Total number of national banks authorized to exercise
trust powers
-

11

60

227

413

468

557

i 1, 736

Total assets of national banks with trust powers but not administering tr'TPtS
Total assets of national banks with trust powers administering trusts-

$10,785,912

$103, 814,380

$341,023,248

$568,220, 540

$851,075, 553

$1,467,145,730

$3,342,065,363

9,810,601

94, 200, 837

983,400, 882

3,048,206, 740

7,012,194, 482

99,812,461,260

110,960,274,802

20, 596, 513

198,015,217

1,324,424,130

3, 616,427,280

7,863,270.035 101,279, 606,990

114,302,340,165

84,204
6,775
41,355

2, 735, 676
231,018
367,399
5,162

47,946,046
2,124,826
4, 758,169
4,342, 757

256,448,191
8,352,485
24,028, 838
30,124,122

953,010,462
22,206,036
72.259,227
104,020, 731

38, 538, 464, 511
690,417,132
1,250,294, 683
14, 545, 613, 509

39,798,689,090
723,338,272
1,351, 749, 671
14, 684,106,281

132,334

3,339,255

59,171, 798

318, 953, 636

1,151,496, 456

55,024, 789,835

56, 557,883,314

108,905

2, 730, 814

47,338,022

240,817,040

847,804,107

21,195,821, 097

22,334,619,985

23,429

603, 967
4,474

11,498, 674
335,102

75,918, 705
2,217,891

285,936,050
17,756,299

33, 546,377, 666
282,591,072

33,920,335,062
302,928,267

132,334

3,339,255

59,171, 798

318, 953, 636

1,151,496,456

55,024,789.835

56,557,883,314

46,000

1,162,000

8,233, 707

238,243,092

274,362, 543

32, 572,243,150

33,094,290,492

Total assets of national banks authorized to exercise
trust powers
TRUST DEPARTMENT ASSETS

Investments _
_
Time deposits
Demand deposits.
Other assets
Total

-.
_ _. _
_

.

-

TRUST DEPARTMENT LIABILITIES

Trusts
Other liabilities:
Agency, escrow custodian and corporate accounts
Miscellaneous-'
.
Total
Total volume of bond issues outstanding for which banks are
acting as trustee
-1

Includes 24 banks which have been granted only certain specificfiduciarypowers.




§

o
o

3

I

1
TABLE N O . 17.—Fiduciary activities of national Ibanks as of Dec. 31, 1959—Continued

to
Banks with capital stock of—
$25,001 to
$50,000

$25,000

$200,001 to
$500,000

$100,001 to
$200,000

$50,001 to
$100,000

$500,001 a n d

over

Total

TRUST DEPARTMENT LIABILITIES—Continued

Number of national banks administering personal accounts:
Trusts
Agency, escrow and custodian accounts
Number of national banks administering corporate accounts:
Bond or debenture issues
Paying agencies _ - Depositories and other miscellaneous corporate accounts
Number of national banks acting as transfer agent
- .
Number of national banks acting as registrar Number of personal accounts being administered:
Trusts
Agency, escrow and custodian accounts
Total

. . .
__

—

Number of corporate accounts being administered:
Bond or debenture issues
____ __
Paying agencies
Depositories and other miscellaneous corporate accountsTotal

5

26
6

154
50

330
164

401
276

537
509

1,453
1,005

1

4
2
2

32
14
14
4
4

108
24
23
7
12

170
87
51
31
43

407
343
233
280
261

722
470
323
322
320

16

176
13

2,636
441

11,314
1.438

30,163
6,003

259, 628
98,082

303,933
105,977

16

189

3,077

12, 752

36,166

357, 710

409,910

2

4
3
3

52
31
36

611
166
34

604
390
147

8,866
26,655
9,561

10,139
27, 245
9,781

2

10

119

811

1,141

45,082

47,165

4

11

42

3,948

4,005

4

13

66

3,973

4,056

3,204

13, 587

37,415

410,713

465,136

Number of accounts for which national banks are acting as
transfer agent
Number of accounts for which national banks are acting as
registrar
Total number of accounts being administered




18

199

O

l

TABLE NO. 18.—Fiduciary activities of national banks by Federal Reserve districts as of Dec. 31, 1959

Federal Eeserve districts

Number
with authority
but not
exercising
fiduciary
powers

Number
of banks
exercising
fiduciary
powers

Boston
New York.___
Philadelphia..
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis..
Kansas City..
Dallas...
San Francisco

135
158
184
104
139
125
236
112
51
107
103
41

Total...

1,493

Total banking
Total
number assets of banks
authorized authorized to
to exercise exercise fiduciary powers
fiduciary
powers
163 $6,071,677,914
177 14,966, 742,678
189 4,879,557,295
114 9,338,487, 207
161 5,359,377,504
150 8,478,775,013
269 18,145,794,786
136 4,017,572,081
65 2,899,678,442
141 5,873, 735, 453
125 8, 678,866,877
46 25, 592,074,915

243

11,736 114,302,340,165

Trust department liabilities

Trusts

Trusts

Agency,
escrow,
and
custodian
accounts

Corporate
trust bond
issue
accounts

All other
accounts

All other
liabilities

$2,602,648, 738 $10,748,466
3,130,067,112
42,775,660
674,801,276
4,196,973
3, 756,624,989
28,500,021
1,389, 545, 729
9,245,004
12,840,950
2,253,379,878
74,285,046
11,986,084,957
328,238,718
5,584,010
2,085,091,275
4,347,432
2,084,983,225
32,091,316
459,993,403
45,712,897
3,168, 875, 762 32,600,492

$4,126, 243,984
6,239, 706,326
1,472,076,440
8,366,617,545
2,435,569,038
3,637,600,902
15,682,004,203
675,152,768
2,594,358,155
3,071,567,866
1,693,471,939
6,563, 514,148

22,334,619,985

33,920,335,062

56,557,883,314

Total
number of
accounts

302,928,267

Common trust funds
Bond and debenture issues
outstanding
where bank Number of
Ledger
acts as trustee
value of
funds

Boston
New York
Philadelphia..
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis. _
Kansas City. _
Dallas
San Francisco.

16,659
20,776
28,201
35,248
20,518
18,088
81,180
7,885
9,843
14, 708
12,752
38,075

6,243
10,036
2,603
7,004
6,171
6,763
23,174
1,573
6,535
14,804
2,892
18,179

551
636
1,141
417
1,021
2,068
1,745
450
795
487
562

1,190
6,888
583
2,744
999
4,608
12,290
2,036
405
5,848
4,522
2,974

24,358
38,251
32,023
46,137
28,105
30,480
118,712
13,239
17,233
36,155
20,653
59,790

$813,309,063
11,313,599,020
508,172,669
3,861,338,733
919,623,600
1,676,506, 683
7,291,178,347
732,264,384
444,004,349
1,271,326,344
1,233,522,953
3,029, 444,347

Total...

303,933

105,977

10,139

45,087

465,136

33,094, 290,492

1
1

Trust department
gross earnings for
year ended
Dec. 31, 1959

$58, 755,206
41,228,550
40,927,903
153,387,633
55,898,172
44,957,308
46,588,223
7,002,541
16,105,458
50,669,682
31,228,388
138,439,171
2 234

Includes 24 banks which have been granted only certain specific fiduciary powers.
Includes 30 funds operated under sec. 17(b) of Regulation F of the Board of Governors of the Federal Reserve System, with assets of $1,065,934.




Total
liabilities

$1, 512,846, 780
3,066,863.554
793,078,191
4,581,492,535
1,036,778,305
1,371,380,074
3,621,634,200
341,330,040
504,919,448
954,493,325
1,187, 765. 639
3,362,037; 894

Number of accounts being administered
Federal Reserve districts

Agency,
escrow,
custodian, and
corporate
accounts

$12,661,000
32,963,000
5,360,000
19,834,000
7,873,000
10,121,000
35,910,000
3,000,000
5, 760,000
8,196,000
8,399,000
31,939,000

685,188,235

182,016,000

to

TABLE NO. 19.—Classification of investments under administration by the active national bank trust departments, Dec. 81, 1959
Trust department investments classified according to capital stock of banks administering
trusts

Percent

Bonds

Stocks

Percent

Real-estate
mortgages

Percent

Real estate

Percent

Miscellaneous

Percent

to

Total
investments

Banks with
Banks with
Banks with
Banks with
Banks with
Banks with

$54,431
capital stock of $25,000—
1,054,174
capital stock of $25,001 to $50,000
16,723,737
capital stock of $50,001 to $100,000
94,405,662
capital stock of $100,001 to $200,000—
299,601,139
capital stock of $200,001 to $500,000—
24,548,006,584
capital stock of $500,001 and over

64.64
$28,973
38.54
1.082,863
34.88
20,502,694
36.81 104,828,006
31.44 459,530,030
63.70 9,902,051,247

34.41
39.58
$53,420
42.76
4,002,757
40.88
26,748,399
48.22
73,466,350
25.69 1,547,109,822

$800
1.95
461,131
8.35
4,239,990
10.43
22,100,989
7.71
68,006,367
4.01 1,274,145,969

0.95
16.86
$84,088
8.84
2,476,868
8.62
8,365,135
7.13
52,406,576
3.31 1,267,150,889

$84,204
2,735,676
3.07
47,946,046
5.17
256,445,191
3.26
953,010,462
5.50
3.29 38,538,464,511

Total

24,959,845,727

62.72 10,488,023,813

26.35 1,651,380,748

4.15 1,368,955,246

3.44 1,330,483,556

g

s

3.34 39,798,689,090

a
o

TABLE N O . 20.—Fiduciary activities of national banks by States as of Dec. 81, 1959

Location

Alabama
Alaska
_
Arizona
__.
Arkansas
California
Colorado—
_.
Connecticut
Delaware..
District of Columbia..
Florida
Georgia..
_.
Hawaii
Idaho
Illinois.__.
Indiana
IowaKentucky..
LouisianaMaine




Number
of banks
exercising
fiduciary
powers

4
112
88
35
28
51
18
22

Total
Number
with aunumber Total banking
thority
authorized assets of banks
but not
to exercise authorized to
exercising fiduciary exercise fiduciary powers
fiduciary
powers
powers
4
2
23
13
30
14
1
3
42
23
1
4
129
96
51
36
55
20
23

1,327,932,961
125,094, 804
967,780,672
542,497,248
18,486,688,122
1,198, 974,233
1,167,359, 686
3,173, 223
868, 980, 913
2,478,642,176
1, 566,168, 968
291,860,181
489,568,635
10,202,461,627
3,005,842,844
911,399,969
904,276,367
839,373,321
1,866, 111, 534
323,388,667

Trust department liabilities

Trusts

282, 926,335
3, 211,004
0)

Agency, escrow,
custodian, and
corporate
accounts
295, 242,490
368,405

0)

68,013,332
2,484,198,579
282,777,908
565, 709, 515
(2)
3133,900, 789
519, 299,975
302, 942, 221

22,999,430
2,296,824,305
391, 766,997
570,327,583
(2)
3 213,106, 516
831, 284,312
435,456,497

17,867,606
2,067,354,146
565,424,063
102,787,806
91,682,115
81,325,772
93,920,269
89, 557, 581

1,678,423
9,650,750,895
573,323,954
78,935,077
114,478,255
29,823,126
442,972,562
116,580,855

All other
liabilities

3,715,835
9,360

(9
548, 593
24,825,148
10,054,104
3,744,218
(2)
3 947,958
4,748,930
1,498,193
66,031
6,885,100
1,036,766
982,313
1, 239,278
568,768

Total
liabilities

581,884,660
3,588,769

0)
91,561,355
4,805,848,032
684,599,009
1,139,781,316
(2)
»347,955,263
1,355,333, 217
739,896,911
19,612,060
11,771,799,736
1,145,633,117
182,329,851
207,197,136
112,131,211
538,132,109
206,707, 204

i

Maryland
Massachusetts. _.
Michigan
Minnesota
Mississippi
Missouri
_...
Montana
Nebraska
Nevada
New Hampshire.
New Jersey
New Mexico
New York
North Carolina..
North Dakota...
Ohio
Oklahoma
Oregon-.
J.
Pennsylvania
Rhode Island....
South Carolina..
South Dakota...
Tennessee
Texas
Utah..
Vermont
Virginia.
Washington
West Virginia...
Wisconsin
Wyoming
Total

15
63
22
21
16
24
8
10
2
21
96
7
98
23
5
45
22
2
171
2
11
7
26
97
2
16
67
13
23
31
12

3
14
4
5
2
8
2
7
1
10
13
3
9
3
2
4
6
1
6

1,493

243

4
2
5
17
1
2
5
7
6
2

18
880,108,109
77 3,941,388,021
26 4,053,912,076
26 2,093, 214,980
18
362,585,179
32 2,079, 530,894
10
249,494,963
17
793,786,898
3
311,196, 718
31
264,053,925
109 3,897,808,734
10
393,957,523
107 11,668,069,933
26
703,878,632
125,121, 736
7
49 5,037,690,336
28 1,542,989,173
3 1,880,266,101
177
7,868,405, 261
2
528, 561, 647
628, 277, 203
15
9
273,052,902
31 2, 218,483,657
114 8, 214,320,083
467, 797,345
3
180,755,474
18
72 1, 751,958, 652
13 2, 571,822,337
553,879,960
30
37
947,120,926
14
251,274,636
*1,736 114,302,340,165

195, 569,484
699, 746,423
723, 111, 326
446,797,327
23,827,010
284,828,933
8,421,902
120,152,940
< 413,232,000
49,036,268
459,267,759
41,179,356
2, 610, 724,826
99,697, 284
17,830,701
1,472,531,724
162,493,440

295,921,336
1,803,909,377
1,398, 526, 598
2,050,132,417
3,022,941
794,068,862
9,443,246
350,959,004
4 483,479,883
25,190, 682
1,137,665,029
30,516,597
2,322,879,892
49,507,149
13,493, 781
1,353,879,984
531,485,095

2, 599,285
6,508,890
8,318,342
3,780,749
150,925
3, 223,744
274, 739
647,852
* 3,275,387
264,269
4,993,789
403,635
38,129,553
403,534
102,198
17,735,966
17,593,678

3,752, 290,383

0)

2,666,836, 111

13,360,350

0)
6,432,486,844
(«)

114,048,092
21, 517,887
304,842,940
1,146,323,994

74,352,923
10,499,816
351, 556,463
447,583,784

1,202,489
120,813
4,768,072
45,358,786

189,603,504
32,138, 516
661,167,475
1,639, 266, 564

Q
O
g
^

« 210,596,985
407,098,462
443, 528,705
95,020,487
241,311, 526
16,692,805

« 160,331,745
736,001,288
386, 524, 746
21, 567,338
316,467,912
28,611,381

• 371, 201,110
1,146,361,021
834,478,017
117,491,175
563,370,524
45,390,497

ft
O
£*
t1
"
M
W

56,557,883,314

O

22,334,619,985

1
C)

33,920,335,062

0)

« 272,380
3, 261, 271
4,424, 566
903,350
5,591,086
86,311
302,928,267

494,090,105
2, 510,164,690
2,129,956, 266
2,500,710,493
27,000,876
1,082,121, 539
18,139,887
471,759,796
4 899,987,270
74,491,219
1,601,926,577
72,099,588
4,971,734,271
149,607,967
31,426,680
2, 844,147,674
711,572,213

M
2
2
o
S
^
o
hj
r
^

(g
£

See footnotes at end of table.




d
3

to
Ox

TABLE N O . 20.—Fiduciary activities of national banks by States as of Dec. 31, 1959—Continued
O

Number of accounts being administered
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
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island




Trusts

Agency,
escrow, and
custodian
accounts

3,131
62

Corporate
trust bond
issue accounts

1,046
3

0)

405
10

0)

0)

1,598
24,170
5,316
5,835
(2)
3 1,500
6,134
3,857
991
61,682
9,665
1,947
1,758
2,792
2,000
1,474
2,678
7,719
6,229
7,729
677
3,965
207
1,694
4 6,998
614
6,925
724
15,014
3,392
784
11, 542
1,552

175
14,212
2,272
2,767
(2)
3 800
2,180
1,140

1, 374
346
305
41

38
14,654
2,921
690
4,399
352
1,497
470
1,108
2,892
3,073
5,727
74
1,868
549
1,845
* 2,149
157
2,828
636
6,949
350
74
4,025
1,946

29
1,202

4,922

1,058

(0

48,198
(5)

0

3 39
196
137

105
75
155
63
45
135
98
364
13
132
22
129
4
87
7
91
3
482
206
47
657
157

All other
accounts

Total number of accounts

Bond and debenture issues
outstanding
where bank
acts as trustee

5,845
81

266,234,046
906,760
1

1,263

0)
t2)

460
1,909
437
393
3 85
515
1,183

14
10, 768
407
45
87
175
1,471
150
167
475
883
362
45
2,323
8
54
4
616
20
616
104
6,366
61
16
1,912
3,010

0)

1,273

C)

Trust department gross
earnings for
year ended
Dec. 31, 1959
1,832,000
30,000

(9

3,607
40, 637
8,330
9,036
(2)
3 2,424
9,025
6,317

273, 671,888
2, 798,930,255
252, 592. 536
86, 785,320
(2)
3 245, 654,010
566,843,653
546, 583,306

400,000
24,886,000
2,924,000
4, 579,000
(2)
3 1,255,000
3,828,000
2,398,000

1,072

786
3,722
9, 85ft
798
10,460
1,467
28, 811
4,009
921
18,136
6,665

12, 856, 500
6,269, 601,862
593, 812, 975
18,196,376
123,822,149
13, 675,950
134, 797, 954
122,857,635
208, 272,867
593,023,891
312,821, 749
327,239,947
2,253,250
424,454,479
17,155, 551
238,333,865
* 74,222,181
2,016,867
172,133,066
484,800
11,181.395,010
174,323,384
97,033,601
922, 679, 720
603,371,390

135,000
24,263,000
3, 604, 000
901,000
799,000
848,000
806,000
646,000
1,416,000
6, 632,000
5,902,000
5,287,000
126,000
2, 703,000
57,000
992,000
i 3,875, 000
288,000
4,821,000
305,000
28,317,000
721,000
174,000
7,603,000
1,186,000

55, 451
(•)

3,403,633, 776
(s)

13,341
2,748
6,349
3,394
5,123
2,157
3,998
11, 221
10,283
14,182

4

(0

(0

o

0)
16,335,000
(5)

W

fel

o
F
F

W

d

South Carolina.
South Dakota..
Tenne
Texas
Utah
____
Vermont
Virginia,
Washington..
West Virginia.
Wisconsin
Wyoming

1,992
734
4,502
12,108

(0

668
122
1,407
2,706

0)

6 2,118
8,063
5,854
3,058
4,343
608
303.933

Total...

6 757
2,905
1,777
349
2,310
2,188

105, 977

26
7
347
482

(0

6 29
78
90
23
417
11

10,139

304
15
1,516
4,288

2,990
878
7,772
19, 584

6 172
365
429
17
292
10

6 3,076
11,411
8,150
3,447
7,362
2,817

C1)

45,087

465,136

53,050,360
985,000
226,432,080
1,231,690,153
6 10,299,200
231,606,178
142,528,651
6, 716,801
106, 594,300
1, 715,200
33,094,290,492

697,000
179,000
2,100,000
8,172,000

0)

6 1,195,000
3,229,000
3,013,000
601,000
1,835,000
121,000

O

182,016,000

O
1 Included withfiguresfor the State of Nevada.
2 Included withfiguresfor the District of Columbia.
3 Includesfiguresfor 1 bank in Delaware.
* Includesfiguresfor 2 banks in Arizona, 2 banks in Oregon and 2 banks in Utah.

5
6

Included withfiguresfor the State of Vermont.
Includesfiguresfor 2 banks in Rhode Island.
7 Includes 24 banks which have been granted only certain specificfiduciarypowers.

O
O

TABLE N O . 21.—General comparative figures of fiduciary activities

Number of
banks ex- Aggregate trust
department
ercising
liabilities
trust
powers

Dec. 31—

1928
1951
1952
1953
1954
1955
1956
1957
1958
1959

_ _
_

_

_ _

1,585
1,512
1,513
1,513
1,503
1,480
1,486
1,476
1,477
1,493

$3,297,310,000
36,136,628,000
39,665, 972,000
43,150, 202,000
47,938,669,000
37,187, 831,000
39, 000,150, 658
42, 578, 976, 765
46, 781, 622,956
56, 557, 883,314

Number of accounts

Common trust funds
Outstanding
bonds and
debentures

$7, 978,389,000
14, 550, 564,000
16,051,953,000
17, 625,838, 000
19,485, 675,000
17, 358, 441, 000
19,200, 708,415
22,044,165,180
24, 752, 735, 531
33,094, 290, 492

Gross trust
department
earnings

$16,165,000
75,130,000
80, 627,000
85, 990,000
100, 761, 000
103,033,000
116, 845,000
129,433, 000
141, 473,000
182,016, 000

1-3

o
Number

Amount

(2)

(2)

60
71
88
105
130
165
218
234

$187,392, 016
213, 929,020
276, 970, 954
320, 954, 835
382, 397,189
432,822,133
518, 734, 862
685,188, 235

Trusts

i 53,853
171, 589
184,125
194, 231
207,157
214,383
231, 991
248,048
270, 789
303, 933

Corporate
Agency, trust, bond
and deetc.
benture
issues
(2)
78,171
72, 725
77.473
82,032
74, 832
79,327
82, 916
87, 593
105, 977

9,923
(2)
7,217
7,611
8,011
8,056
8,381
8,839
9,619
10,139

Other
accounts

F
F
H

(2)
(2)
33,893
37,370
38, 396
34, 543
35,103
36,860
37, 910
45,087

3

1 Includes agency accounts in 1928.
2 Thesefigureswere not developed at the time.




to

TABLE N O . 22.—National banks administering employee benefit trusts and agencies during 1959 by Federal Reserve districts

Number of
banks

Federal Reserve districts

With investment responsibility

Investments directed by
others

Held as agent only

Number of
fully insured
plans with no
bank investment responsibility

._
. _
.

Total for national banks
Nonnational banks located in the District of Columbia
Total

Market value

Number of
plans

Market value

Number of
plans

47
68
90
61
62
68
133
42
32
57
51
33

343
687
225
1,143
306
587
1,935
155
530
384
309
544

$122, 791,853
754,887,273
45,319,103
1,664,384,569
40, 761,151
144, 707,423
2,173,488,103
26,092,481
141,188,041
77, 111, 649
81, 965.143
308,894,139

136
208
194
360
206
158
556
51
80
134
195
800

$16, 571, 233
376, 269,483
33, 884,252
191,100,471
52,149, 989
38,493, 817
273,071, 524
19,691, 781
15, 637,350
29,083, 206
119,078, 064
232, 628, 257

47
112
35
48
33
35
279
15
20
29
55
49

$61,887,970
101,047,838
262, 670, 743
1,006,036,168
55,977, 660
227, 759, 246
371,173,800
88,013,803
3,261,025
34, 521,988
20,189,903
49,025,115

97
93
64
441
91
210
270
36
130
141
24
200

744
3

7,148
21

5, 581, 590, 928
6,924,469

3,078
15

1,397, 659,427
3, 751, 251

757
21

2, 281, 565, 259
124, 553,652

1,797
90

747

Boston
New York
Philadelphia
Cleveland_
_
Richmond
Atlanta
Chicago
St. Louis
TVTinnfiapnlis
Kansas City
Dallas.
San Francisco. _

N u m b e r of
plans

7,169

5, 588, 515,397

3,093

1, 401,410, 678

778

2,406,118,911

1,887

Amount

to
oo

O
o

i

TABLE N O . 23.—National banks administering employee benefit trusts and agencies during 1959 by States

Location

Alabama
Alaska
Arizona
Arkansas
California
Colorado

_
.

._

Delaware _ _
Florida
_
_




Number of
banks

13
2
2
9
12
12
10
o
24

With investment
responsibility
Number of
plans
161

Investments directed
by others

Market value Number of
plans

Market value

34

3,343,916
0)
586, 266
206,175,985
1,988, 277
5, 942,192
0
21, 717, 874

54,034,355
0)

0)
18
379
62
122
o
103

1,848,097
261,510,091
16,941,036
64,010,003
o
36, 686, 741

8
673
27
19
o
43

Held as agent only
Number of
plans
7
0)
19
10
20
o
4

Amount
7, 289, 579
0)
2,262,432
38, 569,469
21,139,915
7,047,883
o
9,450,667

Number of
fully insured
plans with no
bank investment responsibility
20
(0
127
20
42
0
45

d
S3

Georgia
Hawaii
_
Idaho.
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Massachusetts
Maryland
Michigan
Minnesota
Mississippi.
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah..
Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming
District of Columbia

184
0

-

1,367,396,938
57,222, 781
9,931,033
3,198,623
1,410,216
9,572,235
2,522,230
35,268,838
6,282,301
705,795,226
139,576,228
829, 514
34,874, 782
249,414
4,411,181
3 12,889,494
587,430
10,817,719
1,104,960
744,011,589
4,238,837
392,550
297,680,529
22,380,104
4 11,174, 293
1,407,612, 213

339
35
33
18
41
24
163
16
528
484
11
170
5
63
350
9
101
20
617
53
31
793
55

__

__

*

_
__„
_..
J

515
49
9
155
291
;

_

8 47
98
75
22
145

_

Total for national banks
Nonnational banks located in the District of Columbia.
Total..
1 Included with figures for t h e State of Oregon.
2 Included with figures for t h e State of N e v a d a .
3 Includes figures for 2 banks in Arizona a n d 2 banks in U t a h .




31,677,657
0

940

.__

744
3
747

7,148
21

8, 111, 413
961,621
24,838, 711
77, 577,320
(2)
8 24,438,669
15,059,923
23,320,260
965, 768
41,935,300
139, 796
6,102,909
5, 581, 590,928
6,924,469
5, 588, 515,397
4
5
6

(0

51
0
146
96
28
12
13
28
11
100
65
223
46
3
33
8
30
3 33
3
79
12
157
16
17
192
24
320
29
7

24
184
88
62
75
20
79
6
15
3,078
15

6, 802,920
0

157,077, 986
24, 732,951
2, 788.976
3, 406, 792
8,093, 844
10, 590, 696
48,328
12,967, 424
11,971,072
55, 737,597
14, 564,423
64, 650
10,368,240
288,193
7, 250, 753
3 6, 592, 752
125,424
15,209, 785
205,706
360,336,938
2,093,153
610,449
111, 295,421
12,109, 269
4 5,632,502
110,065, 613

11
0
221
18
3
0
1
8
0
31
2
20
20
0
22
0
1
31
1
34
I
77
1
0
19
3

15, 330, 760
0

47
0

59
44
14
29
3
47
4
40
18
113
87
11
55
5
44

1,797
90
1,887

0)

146,327
4,549,678
114,103,558
(2)
8 1, 556,025
18,790,137
14,227,017
2,921,530
33,758,821
445, 780
8,534,912
1,397, 659,427
3, 751,251

757
21

198,090. 743
8,182,432
458, 505
0
35,413
191,206,641
0
31,336, 567
25,999,089
131, 789,908
3, 261,025
0
79,939, 761
0
634,626
3 244, 539
63,154
257,158,389
12,842
91, 575. 594
4,930
0
9,363,238
3, 682, 264
4
3,682, 593
1,008,824,019
(5)
126,866
0
19,978,559
19,464,809
(2)
8 26,231,169
11,029,162
6,528,514
7,294
32, 744,296
0
18,817, 613
2, 281, 565,259
124,553,652

1,401,410,678

778

2, 406,118,911

(8)
7,839,275

53
3
0
11
54
85
6

24
1
18
0
21

Includes figures for 2 banks in Alaska and 2 banks in Idaho.
Included with figures for the State of Vermont.
Includes figures for 1 bank in Rhode Island.

36

5
32
2
70
21
27
366
8
< 17
123

O
O

15
7
46
22
6 11
13
50
3
51
4
22

d

to
CO

CO

TABLE NO. 24.—Earnings, expenses, and dividends of national banks for the year ended Dec. 31, 1959

o

[Dollarfiguresin thousands]
Earnings from current operations

Location

Number of
banksi

Interest and dividends
on securities
U.S. Government obligations

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

-

-

28
51
32
103
4
24

$2, 656
2,092
1,604
25,325
4,053
7,371

$637
579
414
6,178
1,234
2,378

discount
on loans

Other service
Service
charges,
Service
charges
Trust
and other charges on commissions,
fees, and col- departdeposit
fees on
lection and
ment
accounts
banks'
exchange
loans
charges

$10,362
7,998
7,130
106, 826
15,304
32, 392

$113
72
77
1,587
185
598

$878
1,397
634
10, 515
1,371
3,533

$246
274
134
6,997
436
1,208

$646
288
128
6,632
1,067
4,579

Other
current
earnings

Total earnings from
current
operations

$275
256
215
6,920
979
1,331

$15,813
12,956
10,336
170,980
24, 629
53,390

242

_.
__ _ _ _
_
_ _

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




Other
securities

Interest
and

43,101

11, 420

180, 012

2,632

18,328

9,295

13,340

9,976

288,104

249
164
473
3
52
5

70, 769
31,388
63,556
114
8,638
8,007

31, 698
15, 829
25, 767
29
2,277
973

316, 788
97, 901
218, 438
287
20,568
18, 515

6,755
929
2,441
1
260
284

22, 512
12,104
12,650
13
2,072
2,141

8,064
1,904
3,587
2
530
517

28,317
4,821
16,335
1,416
1,255

23, 546
3,136
8,015
5
1,246
431

508,449
168,012
350, 789
451
37,007
32,123

946

182,472

76, 573

672,497

10, 670

51,492

14, 604

52,144

36,379

1,096,831

130
77
39
25
52
106
69
27
42
466
55
88

75

13,852
7,492
5,053
5,370
10,415
26,862
10, 575
2,829
16, 586
60,612
4,589
8,243
14,956

4,680
1,153
1,426
1,275
2,582
6,614
4,398
1,292
3,844
19,294
2,222
2,072
4,812

51, 510
15, 957
20,684
17,106
46, 762
71,261
39,127
8,820
42.341
224, 814
14, 307
20, 770
58,763

604
198
525
41
537
2,329
620
18
483
3,118.
49
367
524

4,409
1,050
2,475
2,460
5,293
8,744
4,020
1,218
4,234
14,957
1,529
1,676
3,879

1,239
381
890
942
2,418
2,457
1,220
682
1,450
4,673
697
257
1,819

3,229
601
721
697
2,398
3,828
1,832
126
806
8,172
400
848
2,100

1,634
905
639
360
1,946
4,499
1,611
964
2,739
17, 967
670
844
2,198

81,157
27, 737
32,413
28,251
72,351
126, 594
63, 403
15, 949
72,483
353, 607
24,463
35,077
89,051

1,251

187,434

55,664

632, 222

9,413

55,944

19,125

25, 758

36, 976

1,022, 536

8
O
F

o

Ohio
Indiana
Illinois
Michigan
Wisconsin
Minnesota
Iowa
Missouri

140,463

222
124
395
74
98
179
98
77

52,499
25,823
106, 683
36,350
18, 882
19, 529
8,237
16,956

13, 778
4,839
29,606
11,584
4,040
6,915
2,507
3,789

66, 510
254,125
105, 252
42,193
75,120
23, 389
49, 749

1,584
782
3,901
1,834
655
1,134
180
340

12, 240
5,440
16, 938
8,565
3,288
6,959
2,292
2,703

3,016
1,390
7,285
2,594
965
3,796
929
580

7,603
3,604
24,263
5,902
1,835
5,287
901
2,703

7,763
3,602
10,632
3,247
2,043
3,057
914
1,548

238,946
111, 99C
453,433
175,32*
73,901
121, 797
39,349
78,368

1,267

284,959

77,058

756, 801

10,410

58,425

20, 555

52,098

32,806

1,293,112

38
34
123
169
41
25
77
27
197

3,998
3,980
8,800
11,943
4,075
2,810
11,420
4,761
16,187

1,148
925
2,443
3,728
1,033
587
1,821
576
4,871

8,893
11,071
29,008
27,388
11,006
7,420
37,202
13,060
50,634

148
149
88
186
245
225
559
396
331

1,091
1,220
2,556
3,509
1,421
877
4,423
1.639
4,864

743
853
721
622
561
420
794
640
959

174
179
992
799
57
121
2.924
305
1,186

376
285
1,285
1,792
741
326
1,158
467
3,958

16, 571
18, 662
45, 893
49,967
19,139
12, 786
60,301
21,844
82,990

731

67,974

17,132

195, 682

2,327

21,600

6,313

6,737

10, 388

328,153

25
11
37
10
7
3
3
7
1

17,137
12, 306
110,293
4,786
2,955
2,336
4,491
1,351
1,858

5,854
4,562
36,947
955
1,201
1,123
1,853
278
510

71,764
49,346
549,006
13, 917
14,126
7,776
31,533
4,744
7,669

1,642
929
19,120
280
795
299
2,192
462
392

11,070
7,225
61,605
1,947
1,379
650
3,854
745
481

2,705
1,367
13,602
495
482
402
1,220
511
207

3,013
2,060
24,886
135
373
523
919
30

2,419
1,284
18,422
459
165
316
1,636
108
246

115, 604
79,079
833, 881
22, 974
21,476
13,425
47, 698
8,229
11, 363

104

157, 513

53,283

749, 881

26, 111

88,956

20, 991

31, 939

25,055

1,153, 729

Total United States (exclusive of possessions)
Virgin Islands of the United States

4,541
1

923, 453
158

291,130
44

3,187,095
303

61, 563
17

294, 745
13

90, 883
66

182,016

151, 580
3

5,182,465
604

Total United States and possessions___

4,542

923, 611

291,174

3,187,398

61, 580

294, 758

90,949

182,016

151, 583

5,183,069

3
11
175
4,353

35,156
48,121
368, 659
471, 675

17,999

175, 459
152, 215
1, 474, 725
1, 384, 999

3,121
1,899
34,073
22, 487

4,753
2,236
129, 738
158,031

4,240
4,049
38, 586
44,074

25,683
20, 975
87, 735
47,623

19, 726
6,369
67, 906
57, 582

286,137
249, 983
2,316, 842
2,330,107

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
Alaska
Hawaii
Total Pacific States

New York City (central Reserve city)
Chicago (central Reserve city)
Other Reserve cities
Country banks

14,119
115,420
143,636

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.




o
O

o
3

o

TABLE NO. 24.—Earnings^ expenses, and dividends of national banks for the year ended Dec. 31, 1959—Continued
[Dollarfiguresin thousands]

CO

to
Current operating expenses
Salaries and wages
Location

Amount
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
M ississippi
Louisiana
Texas
Arkansas
Kentucky
Tennessee
Total Southern States




Employees other
than officers

Officers

$1, 595
1,688
1,035
13, 972
1,603
5,778

Number i

207
245
147
1,356
180
505

Amount
$2,908
2,264
1,588
33,532
3,900
12,412

Number 2

Fees paid
to directors and
members
of executive, discount and
advisory
committees

964
785
528
9,837
1,334
3,465

$146
172
132
736
97
296

Interest Interest
on time
and
deposits discount
(includon
ing
borsavings
rowed
deposits) money

$3,015
1,436
3,161
9,293
6,526
5,892

Taxes
other
than on
net
income

Recurring
depreciation on
banking
house,
furniture
and
fixtures

$56
52
29
715
211
382

$427
296
145
4,110
991
1,166

$503
408
275
3,628
533
1,177

Total
Other
current current
operat- operating
ing
expenses expenses

$2,679
3,043
1,674
29,324
3,572
11,004

$11,329
9,359
8,039
95,310
17,433
38,107

Net
earnings
from
current
operations

$4,484
3,597
2,297
75,670
7,196
15,283

25, 671

2,640

56,604

16,913

1,579

29,323

1,445

7,135

6,524

51,296

179,577

108, 527

33, 511
14,615
29,372
60
3,254
3,116

3,010
1,543
3,475
8
388
263

85, 717
32, 235
57, 839
46
6,749
6,286

22,171
9,360
17, 456
12
2,137
1,723

1,540
1,378
2,944
14
271
230

84, 258
36, 577
62, 245
102
5,636
4,461

6,021
842
2,107
312
292

7,662
5,385
10, 911
8
1,367
1,180

8,805
5,057
8,504
17
629
868

86,060
27, 235
49, 970
50
6,265
4,424

313, 574
123,324
223,892
298
24,483
20, 857

194,875
44,688
126,897
153
12, 524
11,266

83,928

8,687

52, 859

6,377

193, 279

9,575

26, 513

23,880

174,004

706,428

390,403

8,107
2,945
3,867
2,986
6,585

1,018
369
442
356
669
1,230
690
209
605
3,906
392
587
914

630
327
163
163
373
684
329
161
381
1,906
283
336
359

15, 796
4,126
3,658
2,157
7,607
17, 723
9,564
2,176
9,503

350
111
161
149
811

2,652
13, 029
50,488
3,804
5,488
13, 958

4,227
1,304
1,974
1,942
4,155
7,507
3,568
878
3,941
15,495
1,339
1,932
4,660

43, 372
3,228
4,103
16, 307

1,813
252
40
890
4,201
74
159
438

2,277
631
624
363
2,990
3,017
630
553
3,997
17, 768
628
1,304
3,026

2,058
742
832
770
1,724
4,021
1,143
367
1,354
8,704
700
688
1,698

11, 937
4,311
5,781
5,618
15,814
22, 220
11,097
3,599
11,205
57,387
4,486
5,904
13, 931

54, 005
17, 251
21,023
17,784
49,470
84,122
40,395
11,374
47,017
220,610
16,410
22,155
57, 769

27,152
10,486
11,390
10,467
22,881
42,472
23,008
4,575
25,466
132,997
8,053
12,922
31,282

165, 788

52, 922

6,095

139, 320

9,449

37, 808

24, 801

173, 290

659,385

363,151

11, 236
6,408
1,826
6,658
36, 784
3,207
4,173
8,052
102,834

11,387

188,872

12, 850
4,058
5,937
5,578
13, 566
23,408
10, 972

Ohio
Indiana
Illinois
„
_ ...
Michigan..
Wisconsin
Minnesota
_
._,._. ^
Iowa
Missouri _
_
Total Middle Western States
North Dakota
South Dakota
Nebraska
Kansas
Montana
Wyoming
Colorado"
New Mexico
Oklahoma
Total Western States
Washington
Oregon..
California
Idaho
Utah
Nevada
Arizona
Alaska
Hawaii
Total Pacific States
Total United States (exclusive of possessions)
Virgin Islands of the United States
Total United States and possessions...
New York City (central Reserve city)
Chicago (central Reserve city)
Other Reserve cities
Country banks.. ._

19,354
10,690
35,035
11,690
7,392
11,913
5,130
7,155

1,901
1,137
3,200
969
728
1,349
591
728

39,682
20,877
75,035
34,421
12,443
21,290
5,895
13,713

11,078
6,368
19,783
9,163
4,143
6,445
1,999
4,170

1,253
665
2,049
565
435
653
271
435

40,389
14,013
63,694
31,536
15,085
18, 288
5,756
7,597

992
267
5,817
1,680
675
2,165
329
626

11,851
4,509
10,324
5,995
1,163
1,681
968
1,318

5,048
2,613
5,899
2,617
1,705
2,077
709
1,259

36,811
19,264
65,115
28,620
11,418
22,007
7,159
13,150

155,380
72,898
262,968
117,124
50,316
80,074
26,217
45,253

83,566
39,092
190,465
58,204
23,585
41, 723
13,132
33,115

108,359

10,603

223,356

63,149

6,326

196,358

12, 551

37,809

21,927

2,236
2,407
7,096
7,012
3,049
1,947
10,755
4,011
11,830

814
871
2,349
2,331
978
563
3,243
1,306
3,724

95
84
409
464
88
99
418
88
451

3,179
3,152
2,491
5,158
2,779
2,159
9,310
2,593
8,413

72
800
354
76
95
350
84
1,048

203,544

810,230

482,882

376~
479
921
1,241
494
325
1,080
730
2,450

2,546
3,041
8,586
8,356
3,367
1,656
10,804
3,463
14,334

10,521
11,819
27,839
30,993
12,898
8,056
39,611
14,030
49,962

6,050
6,843
18,054
18,974
6,241
4,730
20,690
7,814
33,028

6,856

8,096

56,153

205,729

122,424

115
15
26

2,265
1,468
21,685
312
161
363
653
141
244

3,016
1,522
11,680
606
249
251
1,353
316
471

17,261
10,055
102,601
3,006
3,288
1,505
9,378
1,630
2,080

76,487
53,289
563,486
14,647
13,346
8,475
32, 579
5,987
8,156

39,117
25,790
270,395
8,327
8,130
4,950
15,119
2,242
3,207

268,994

6,515

27,292

19,464

150,804

776,452

377,277

23,788
2

866, 508
193

42,437

143,413
4

104,692
9

809,091 3,337,801
70
448

1,844,664
156

258,746

23,790

866,701

42,437

143,417

104,701

809,161 3,338, 249

1,844,820

11,169
9,671
114,677
123,229

171
239
3,849
19,531

31,961
24,413
394,339
415,988

4,763
5,317
23,706
8,651

3,559
5,418
69,904
64,536

2,943
1,401
37,453
62,904

154,812
49,058
121, 231
31,163
342,117 1,460, 578
386,823 1,601,628

131,325
128,752
856,264
728,479

1,798
2,303
6,487
7,069
2,027
1,489
6,189
2,303
10,284

225~
295
704
894
241
169
689
250
1,265

39,949

4,732

50,343

16,179

2,196

39,234

2,902

10,841
8,056
57,767
2,396
1,490
1,259
4,654
986
890

1,181
1,001
6,372
244
176
160
478
77
82

23,415
14,403
153,772
3,448
3,124
2,259
9,622
1,945
1,841

6,360
3,941
39,662
1,094
985
690
2,962
438
555

232
132
589
55
89
19
48
24
27

18,871
17,488
209,942
4,770
4,841
2,819
6,756
930
2,577

586
165
5,450
54
104

88,339

9,771

213,829

56,687

1,215

449,080
45

47,820
5

898,792
125

258,709
37

449,125

47,825

898,917

13, 762
12, 512
167, 287
255,564

790
770
15, 736
30,529

48, 595
40,768
421,923
387,631

2T

268
281
1,049
1,339
1,018
286
705
758
1,152

1

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




CO
CO

TABLE NO. 24.—Earnings, expenses, and dividends of national banks for the year ended Dec. 31, 1959—Continued

CO

[In thousands of dollars]
Recoveries, transfers from valuation reserves, and profits *
On loans

On securities

•

Location

Maine
New Hampshire
Vermont
M assachusetts
Rhode Island
Connecticut

TransTransProfits
Recov- fers from on secu- Recov- fers from
valuarities
eries
valuaeries
tion
sold or
tion
reserves redeemed
reserves

-

9
417
3
70

7,868

28

921

37
35

23
34
7
1,296
2
114

170
68
11
252
8
67

47
24
10
1,590

All

other

195

295
119
74
2,185
97
341

Total
recoveries,
transfers
from valuation
reserves
and profits

Losses, chargeoffs, and transfers to va uation reserves 2

On loans

On securities
Losses
and
chargecffs

581
697
105
13,261
107
1,666

1,308
1,186
310
17,798
2,666
3,798

Total
losses,
chargeoffs, and
transfers
to valuation
reserves

Transfers
to valuation
reserves

Losses
and
chargeoffs

Transfers to
valuation
reserves

91
74

59
65
18
143
34
78

331
352
184
6,565
301
1,784

252
174
32
3, 567
272
1,784

2,041
1,851
544
32,103
3,273
7,744

4,030
300

All

other

O

o

Total New England States. _.

527

8,861

1,476

576

1,866

3,111

16,417

27,066

4,495

397

9,517

6,081

47, 556

o

New York
. _ _
_
New Jersey
Pennsylvania
-_
_
Delaware
Maryland
_. __ . _ _.
District of Columbia

104
210
423

12, 768
722
2, 726

5,079
564
1,877

391
283
599
1
66
8

368
325

5,135
1,513
4,672
1
422
118

94, 502
16,890
47,166
4
4,665
1,015

E

141
44

43,478
9,998
15,181
2
3,678
564

42, 642
4,229
9,039

6

29,126
2,551
7,453
4
438
86

2,856
867
17, 675

131

325
288
649
3
67
17

7,308
172
1,103

13

3,542
595
675
1
80
25

__.

750

16,347

4,918

1,349

8,589

7,705

39, 658

72,901

21, 529

1,348

56,603

11,861

164,242

. ._

157
204
3

2,373
31
159

__ - --

1,490
1,682
241
55
3,083

81
149
33
4
36
305
561
59
64
1,905
92
74
45

64
43
371
2
43
92
691
14
96
598
25
192
223

162
125
256
235
308
465
206
60
108
1,616
202
60
114

3,186
689
869
254
2,590
1,604
1,809
189
2,068
6,978
699
494
4,285

5,762
1,853
1,211
1,336
10,671
10, 222
6,229
419
3,222
13,346
1,884
956
8,531

2,723
326
604

2,029
21
6
22
8
180
39
3
14

349
137
47
13
174
289
252
34
302
997
100
110
806

555
53
18
139
2,922
3,062
151
1,547
485

139
146
84
12
40
402
907
84
93
2,083
99
141
76

1,817
759
855
987
1,907
4,939
2,975
929
1,564
12,837
893
842
3,837

303
146
138
130
881
879
1,139
189
658
4,224
589
214
1,675

10,744
3,230
2,892
2,465
14,054
16,495
11,268
1,760
8,459
35, 552
3,616
3,700
14,604

_ _

2,686

9,639

3,610

3,408

2,454

3,917

25, 714

65,642

12, 585

4,306

35,141

11,165

128,839

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

-- -- -

- -

Total Southern States




432
93

131

1-3

W

588
124
762
58
29
361
74
49

5,019
175
1,906
1,678
92
61
14
78

505
1,742
1,183
899
254
471
196
481

13,209
8,076
31,181
3,955
1,062
1,414
677
3,855

19,481
13,320
62,231
8,901
9,096
7,109
3,373
7,198

5,074
3,414
16, 555
5.439
235
66
300
3,371

381
215
383
765
35
620
90
76

6,080
4,072
15,617
3,038
2,544
2,716
1,152
1,016

1,800
2,089
4,425
1,851
178
678
449
635

32,816
23,110
99,211
19,994
12,088
11,189
5,364
12,296

Total Middle Western States

28, 399

9,420

2,045

9,023

5,731

63,429

130,709

34,454

2,565

36,235

12,105

216,068

__

_ __

92

7
52
101
269
299
25
191
124
474

33
385
30
70
17
54
87
1

67
162
694
176
42
42
346
26
172

288
396
2,175
706
1,424
100
2,208
525
1,633

1,143
536
2,397
2,553
874
716
3,541
1,283
5,636

2

38
684

32
124
175
128
63
13
592
51
302

84
77

45
77
74
334
452
54
220
73
794

594
1,396
1,495
1,281
620
365
1,748
1,193
1,916

101
63
1,106
722
307
87
993
341
658

1,885
2,072
6,032
4,996
2,699
1,222
6,502
2,974
9,081

1,441

2,588

1,480

1,542

677

1,727

9,455

18,679

1,675

2,123

10,608

4,378

37,463

1,498
1
27

447
33
783

240
549
2,870
32
17
7
158
4
18

21
12
328
6
g

81

949
245
2,059
3
35
59
1,670
50
5

3,236
840
7,027
41
60
444
4,037
123
24

9,488
1,523
16, 547
5,977
4,282
2,802
6,002
12
1

2,007
6,403
13,504

47
3
154
33

2,268
429
30,085
144
326
162
1,759
676
300

1,326
484
6,3C3
56
41
43
887
121
19

15.136
8,842
66, 593
6,210
4,649
3,014
8,648
918
320

5,791
1,995
19,024
422
361

8,811

Illinois
Michigan
Wisconsin __ _
Minnesota
Iowa
Missouri

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

104
702

1,258
446
5,804
311
315
334
181
771

48
3,594
2,502
587
11
187
108
1,774

Ohio

Indiana

57
58
46
28
25
3
1 025
199

_

Total Western States
Washington
Oregon
California
Idaho
Utah
Nevada
Arizona
Alaska
Hawaii

774
75
925

378
2,207

960

2
69
1

960
106
446

2

5
109

1,526

3,848

3,895

447

1,041

5,075

15,832

46, 634

21,916

351

36,149

9,280

69,682

24,799

9,367

23,650

27,266
2

170, 505
2

361, 631

96, 654

11,090

184, 253
20

54, 870
1

708, 498
21

Total United States and possessions. 15,741

69,682

24, 799

9,367

23,650

27,268

170, 507

361,631

96, 654

11,090

184,273

54, 871

708, 519

12, 585
17,265
22,641
17,191

2,949
5,204
10,232
6,414

551
1,422
7,394

6,929
816
10,900
5,005

4,237
431
10,215
12,385

26, 700
26,236
65,364
52,207

26,162
45, 955
130, 797
158,717

1,885
14,196
69, 723
10,850

1
39
859
10,191

30,902
9,878
68,383
75,110

2,541
2,439
22.873
27,018

a
o

114,330

15, 741

hi
O
S3

61,491
72, 507
292,635
281,886

Total Pacific States
Total United States (exclusive of
possessions)
Virgin Islands of the United States

New York City (central Reserve city)
Chicago (central Reserve city)
Other Reserve cities
Country banks

1,969
9,954
3,818

1
Not including recoveries credited to valuation reserves.
2 Not including losses charged to valuation reserves.




00

TABLE N O . 24.—Earnings, expenses, and dividends of national banks for the year ended Dec. 31, 1959—Continued
[Dollarfiguresin thousands]
Cash dividends declared

Taxes on net income
Profits
before
income
taxes

Location

Maine
New Hampshire
Vermont..
M assachusetts
Rhode Island.
Connecticut

__
.

Total Eastern States
___
_

$42

Percent
71.64
72.24
77.78
55.74
70.78
71.37

48,389

42

26,224

26,266

593,918

8.15

62.33

77, 559
22,320
63,549
116
4,829
5,298

9
31
2

51,803
10, 867
34,443
24
3,360
3,006

51,812
10, 898
34,445
24
3,360
3,006

1, 111, 270
288,872
909,439
2,067
83,608
65,386

6.98
7.73
6.99
5.61
5.78
8.10

61.67
73.40
63.83
66.08
66.16
64.93

173,671

42

103, 503

103, 545

2,460, 642

7.06

64.41

6,228
2,097
2,491
2,269
5,303
6,753
4,733
1 016
3,892
33,153
1,889
2,664
5,808

160,249
67,959
63,567
48,037
127,920
224, 971
119,650
27,153
147,899
760,419
53,521
80,802
170,200

8.20
6.21
8.55
9.01
5.58
7.58
7.12
7.89
8.44
7.79
7.33
8.16
7.86

66.54
62.19
64.86
62.95
68.38
66.45
63.71
71.31
64.87
62.39
67.08
63.16
64.87

10

6,228
2,097
2,491
2,269
5,303
6,743
4,733
1,016
3,892
33,153
1,889
2,664
5,808
78,286

Total Southern States
_ _

78,296

2,052,347

7.68

64.49

1
68

17,449
6,858
35,072

17,449
6,859
35,140

476, 704
220,338
1,009,196

8 22
6.37
7.62

65.03
65.09
57.99




24, 786

4,213

129,499
30,349
87,184
153
8,297
10,337

45,781
8,029
23,635
36
3,468
5,039

6,159

85,988

6,160

19,594
7,945
9,367
8,256
11,417
27,581
13,549
3,004
19,075
104,423
5,136
9,716
20,963
260,026

6,456
3,728
3,640
3,785
4,276
10,530
4,345
862
6,586
45,175
1,211
3,121
7,577
101,292

63,959
24,058
122,435

24, 769
10,017
45, 522

685

1,122

Expenses
to gross
earnings

Percent
6.31
4.06
5.81
9.11
7.62
7.03

$67

292
145

Net profits
before
dividends
to capital
accounts

$31,744
30, 550
19,928
372, 724
43,939
95,033

3,559
140
447

1

Capital
accounts i

$1,073
882
596
16,891
2,272
4,552

$2,003
1,240
1,157
33,957
3,349
6,683

77,388

_ __ __

On com- Total cash
On preferred stock mon stock dividends
declared

Ra tios

$1,073
882
554
16,891
2,272
4,552

$1,021
1,203
634
19,312
541
2,075

265,819

New York.
New Jersey
Pennsylvania
Delaware
Maryland
District of Columbia

Ohio
Indiana
Illinois

State

$3,024
2,443
1,858
56,828
4,030
9,205

Total New England States

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

Federal

Net profits
before
dividends

13,138
4,217
5,435
4,326
7,141
17,051
8,519
2,142
12,489
59,248
3,925
6,595
13,386
157,612
39,190
14,041
76,913

10

o
o
B

I

o
l

Michigan
Wisconsin
Minnesota..
Iowa
Missouri
.
Total Middle Western States
North Dakota

South Dakota
Nebraska
Kansas
._
Montana
Wyoming
__
_
_ _
_
Colorado
New Mexico
Oklahoma
Total Western States..
Washington
__
_
. . .
Oregon
California
Idaho
Utah
Nevada
Arizona
Alaska
_
Hawaii
__
-.
Total Pacific States
Total United States (exclusive of possessions)
Virgin Islands of the United States
Total United States and possessions
_
New York City (central Reserve city)
Chicago (central Reserve city)
Other Reserve cities. _
Country banks

12, 744
5,764
9,639
2 555
6,447

12, 744
5,766
9,639
2,555
6,447

311, 714
140, 565
234,835
81,189
176,994

96, 528

96, 599

1,385
1,310
3,686
3,227
1,531
887
4,296
1,003
6,348

1,385
1,310
3,686
3,227
1,531
887
4,296
1,003
6,348

54, 738

23,673

23,673

627,830

15, 9C2
10, 097
118, 979
977
2,422
1,900
7.270
955
1,665

8,021
6,568
71,234
1,480
1,849
1,306
3,034
252
720

8,021
6,568
71,234
1,480
1,849
1,306
3,034
252
720

184, 111
144, 543
1,119,221
31,230
34,534
16,399
59, 297
7,987
19,493

8,382

160,167

94,464

94,464

1,616,815

9.91

67.30

482,427
62

24,008

800,236
75

165

422,678
25

422,843
25

10,003,087
765

8.00
9.80

64.41
74.17

1,306,808

482,489

24,008

800,311

165

422, 703

422,868

10,003,852

8.00

64.41

96,534
82,481
628,993
498,800

37,388
31,087
239,831
174,183

4,321

54,825
51,394
377,309
316, 783

68

36,246
24,586
206,903
154,968

36,246
24,654
206,903
155,065

758,437
641,330
4,362,106
4,241,979

7.23
8.01
8.65
7.47

54.10
48.50
63.04
68.74

42,165
12, 559
31,948
8,445
24,674

13, 706
3,922
12,274
3,252
8,693

195
1,817
417

28,459
8,442
17,857
5,193
15,564

330,243

122,155

2,429

205, 659

4,453
5,167
14,197
14, 684
4,966
3,608
16,396
5,365
25, 580

1,645
2,001
5,618
5,187
1,804
1,684
8,401
2,388
9,248

118
169

752

2,690
2,997
8,579
9,497
3,162
1,924
7,332
2,977
15, 580

94,416

37,976

1, 702

27,217
17, 788
210,829
2,158
3,541
2,380
10,508
1,447
2,911

11,315
6,227
85,495
930
1,027
480
3,027
483
1,246

278, 779

110,230

1,306, 671
137

663

1,464
6,355
251
92
211
9

11,853
7,834

2

71

97

9.13
6.01
7.60
6.40
8.79

66.80
68.09
65.74
66.63
57.74

2,651, 535

7.76

62.66

24,462
25, 717
98,357
107,238
26,003
21, 723
104, 873
28,531
190,926

11.00
11.65
8.72
8.86
12.16
8.86
6.99
10.43
8.16

63.49
63.33
60.66
62.03
67.39
63.01
65.69
64.23
60.20

8.72

62.69

8.64
6.99
10 63
3.13
7.01
11.59
12.26
11.96
8.54

66.16
67.39
67.57
63.75
62.14
63.13
68.30
72.75
71.78

o
w
H
O
*4

i Represents aggregate book value of capital stock, surplus, undivided profits, reserves, and retirement fund for preferred stock. 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.




00

TABLE N O . 25.—Earnings, expenses, and dividends of national banks, by Federal Reserve districts, for the year ended Dec. 31, 1959
[Dollar figures in thousands]
District
No. 1
Earnings from current operations:
Interest and dividends on:
i
U.S. Government obligations_
Other securities
Interest and discount on loans
Service charges and other fees on
banks' loans
Service charges on deposit accountsOther service charges, commissions, fees, and collection and
exchange charges
Trust department
Other current earnings
Total earnings from current operations
Current operating expenses:
Salaries and wages:
Officers
Employees other than officers.
Number of officers 2
Number of employees other
than officers2

Fees paid to directors and members of executive, discount, and
advisory committees
Interest on time deposits (including savings deposits)
Interest and discount on borrowed
money
Taxes 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




District
No. 2i

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

Total

$40,958
10,798
170,157

$95,761
44,751
399,763

$41,371
17,421
144,496

$87, 530
26,464
250,634

$47,881
11,722
143,270

$74,208
20,645
232,975

$179,531
48,135
457,009

$36,400
11,088
105,170

$35, 705
11,094
114,814

$61,579
15,120
179,320

$65,174
20,653
239,909

2,189
17,169

7,890
32,917

1,207
9,630

3,212
18,839

1,899
14,542

4,168
24,616

7,005
33,883

1,099
7,697

1,810
11,657

1,844
18,626

3,146
16,226

26, 111
88,956

61,580
294, 758

9,107
12,661
9,540

9,713
32,963
26,116

2,478
5,360
4,994

4,742
19,834
12,436

4,483
7,873
5,136

8,751
10,121
12,306

12,336
35,910
18,977

2,780
3,000
3,701

6,261
5,760
4,890

4,160
8,196
9,724

5,147
8,399
18,708

20,991
31,939
25,055

90,949
182,016
151,583

272,579

649,874

226,957

423,691

236,806

387,790

792,786

170,935

191,991

298,569

24,011
52,846
8,496

46,189
114,010
4,224

20,202
38,074
2,670

34,403
69,891
3,503

24,066
41,205
2,811

36,054
69,065
3,842

62,224
140,365
5,623

18,154
27,132
2,172

20,162
31,035
2,371

35,827
47,306
4,132

39,494
54,159
4,210

88,339
213,829
9,771

449.125
898,917
47,825

15,832

30,203

11,976

19,920

13,222

21,974

38,659

8,979

9,822

14, 798

16,674

56,687

258,746

1,506

2,458

2,926

2,035

1,754

2,085

3,128

1,534

1,126

1,970

2,053

1,215

23,790

26,242

115,672

44,393

69, 586

35,632

54,916

120,678

21,002

30,623

32,429

46,534

268,994

866,701

1,391
6,803

6,728
11,958

1,075
6,454

2,255
18,412

3,972
12,407

8,618
20, 588

828
4,970

2,352
3,631

3,117
5,674

4,213
18,832

6,515
27,292

42,437
143,417

6,107
47,957
166,863

12,927
109,723

6,170
35,350

9,098
61,149

1,373
6,396
5,859
38,043

9,642
69,294

12,105
121,820

3,313
29.315

3,823
33,523

6,987
51,036

9,206
61,147

19,464
150,804

104, 701
809,361

419,665

154,644

266,829

154,328

257,435

489,526

106,248

126,275

184,346

235,638

776,452 3,338,249

105, 716

230,209

72,313

156,862

82,478

130,355

303,260

64,687

65,716

114,223

141,724

377,277 1,844,820

$157, 513 $923,611
53,283 291,174
749,881 3,187,398

377,362 1,153,729 5,183,069

OO

Recoveries, transfers from valuation
reserves and profits:
On securities:
Recoveries
Transfers from valuation reserves
Profits on securities sold or
redeemed
On loans:
Recoveries
Transfers from valuation reserves
Allother

527

314

342

132

377

2,080

6,511

2,080

338

1,333

181

1,526

15,741

8,651

13,700

1,758

6,769

2,694

2,469

21,680

1,850

1,220

1,871

3,172

3,848

69,682

1,443

4,076

553

1,502

649

1,210

6,845

1,222

598

1,747

1,059

3,895

24,799

565

537

613

768

349

1,008

934

275

746

1,130

1,995

447

9,367

1,866
3,051

7,438
5,528

210
971

6,028
1,629

486
946

1,147
1,191

3,739
3,821

286
927

178
778

536
1,710

695
1,641

1,041
5,075

23,650
27,268

Total recoveries, transfers from
valuation reserves and profits.

16,103

31,593

4,447

16,828

5,501

9,105

43,530

6,640

3,858

8,327

8,743

15,832

170,507

Losses, chargeoffs, and transfers to valuation reserves:
On securities:
Losses and chargeoffs
Transfer to valuation reserves.
On loans:
Losses and chargeoffs
Transfers to valuation reserves.
Allother

25,854
4,493

52,084
3,725

23,819
22,736

92,400
24,939

14,960
4,022

10,879
560

17,172
3,474

15,534
3,404

46,634
21,916

361,631
96,654

543
45,707
6,347

583
11,287
4,221

14,320
3,782
4.50
5,088
1,233

33,824
3,521

396
9,210
5,888

14,151
82
606
5,746
2,895

1,533
15,160
4,181

1,266
25,206
8,186

424
3,659
2,689

1,248
5,614
1,260

1,513
7,936
4,231

2,177
13,511
4,460

351
36,149
9,280

11,090
184,273
54,871

Total losses, chargeoffs, and
transfers to valuation reserves .

114,330

708,519

45, 841

108,406

23,480

62,646

24,873

58,219

151,997

25,754

19, 561

34,326

39,086

Profits before income taxes

75,978

153,396

53,280

111,044

63,106

81,241

194,793

45, 573

50,013

88,224

111,381

Taxes on net income:
Federal
State

24,682
4,075

51,495
6,297

18,193
1

34,542

25, 825
437

28,39Q
685

71, 504
183

15,483
322

18,805
2,116

35, 522
1,498

47,818
12

Total taxes on net income

278,779 1,306,808

110, 230
8,382

482,489
24,008

28,757

57, 792

18,194

34, 542

26, 262

29,075

71, 687

15,805

20, 921

37,020

47, 830

118,612

506,497

Net profits before dividends

47, 221

95,604

35, 086

76, 502

36,844

52,166

123,106

29, 768

29,092

51, 204

63, 551

160,167

800,311

Cash dividends declared:
On preferred stock
On common stock

42
24,964

40
60,900

35, 974

19, 280

10
23, 791

71
59,175

13,602

14,883

20,686

34, 596

94,464

165
422,703

25,006

60, 940

2
20,388
20,390

35,974

19, 280

23, 801

59, 246

13,602

14,883

20, 686

34, 596

94,464

422,868

Total cash dividends declared..

See footnotes at end of table.




CO
CO

TABLE N O . 25.—Earnings, expenses, and dividends of national banks, by Federal Reserve districts, for the year ended Dec. SI, 1959—Con.
[Dollarfiguresin thousands]
District
No. 1
Memoranda items:
Recoveries credited to valuation
reserves (not included in recoveries above):
On securities.
On loans
Losses charged to valuation reserves (not included in losses
above):
On securities
On loans
Number of banks

2

Loans, gross
Securities
C apital stock (par value)
Capital accounts

District
No. 2i

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

Total

$150
1,514

$419
5,810

$8
1,506

$790
6,706

$346
1,035

$36
2,422

$78
11,130

$22
1,087

$1
1,055

$14
3,124

$159
3,856

$580
6,128

$2,603
45,373

7,470
4,839

3,498
9,074

89
3,181

40, 955
4,917

4,645
2,739

7,314
7,791

16, 548
9,731

6,748
1,516

22
1,935

3,941
4,190

1,721
7,660

28,944
11,844

121,895
69,417

240

350

435

385

321

335

579

320

346

619

508

104

4,542

$3,063, 807 $7, 659, 610 $2,582,909 $4, 837,357 $2,497,060 $3, 944, 664 $8,816, 870 $1,917,513 $1, 781 $3,,109,845 $4,315,137 $12,790,262 $57,309,815
,974, 781
$ , ,
1,881,135 5,117,033 2,192,540 3,970,900 2,215,798 3,426,539 8,443,568 1,722,516 1,635,407 2,773,349 3,099,549 8,057, 500 44, 535,834
t,
148,566 439,466 139,925 281,425
126,630 219,544 527,695
105,294 105, 564
181,007
493,941 3,
297, 575
3,066,632
570,381 1,347,691 526,954 978,787 483,493 709,951 1,628,956 "
"
341,843
610,079
806,516 1,616,815 10,003,
"
~S,852

Ratios:
To gross earnings:
Interest and dividends on Percent Percent Percent Percent Percent Percent Percent Percent Percent Percent Percentr Percent Percent
28.72
25.90
26.90
18.99
25.17
24.46
27.78
21.62
securities
25.69
18.27
23.44
24.38
22.7 4
59.16
57.65
63.67
61.53
62.42
60.08
61.51
60.50
Interest and discount on loans.
60.06
65.00
61.49
63.58
59.80
Service charges on deposit
4.24
4.45
6.14
4.27
5.07
6.35
6.30
4.50
7.71
5.69
accounts
6.07
6.24
4.30
9.49
8.19
6.19
9.11
9.36
6.19
12.29
11.80
9.02
All other current earnings
9.38
9.75
8.01
9.38
Total gross earnings
Salaries, wages, and fees
Interest on time deposits
All other current expenses
Total current expenses
Net current 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

28.75
9.63
22.84

25.03
17.80
21.75

26.97
19.56
21.61

25.10
16.42
21.46

28.30
15.05
21.82

27.65
14.16
24.58

25.95
15.22
20.58

27.39
12.29
22.48

27.25
15.95
22.57

28. £0
10.86
22.38

25.36
12.33
24.75

26.30
23.31
17.69

26.47
16.72
21.22

61.22

64.58

68.14

62.98

65.17

66.39

61.75

62.16

65.77

61.74

62.44

67.30

64.41

38.78

35.42

31.86

37.02

34.83

33.61

38.25

37.84

34.23

38.26

37.56

32.70

35.59

To gross 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 accounts:
Net current earnings
Net profits before dividends. .
Cash dividends
o

5.55

5.22

5.59

5.40

5.74

5.91

5.18

5.48

5.81

5.77

5.56

5.86

5.56

2.75

2.75

2.68

2.87

2.69

2.77

2.70

2.76

2.86

2.77

2.77

2.62

2.73

71.16
31.78
16.83

52.38
21.75
13.87

51.68
25.07
14.57

55.74
27.18
12.78

65.13
29.10
15.23

59.38
23.76
10.84

57.47
23.33
11.23

61.43
28.27
12.92

62.25
27.56
14.10

63.10
28.29
11.43

47.63
21.36
11.63

76.38
32.43
19.12

60.16
26.10
13.79

18.53
8.28
4.38

17.08
7.09
4.52

13.72
6.66
3.87

16.03
7.82
3.68

17.06
7.62
3.99

18.36
7.35
3.35

18.62
7.56
3.64

16.92
7.78
3.56

19.22
8.51
4.35

18.72
8.39
3.39

17.57
7.88
4.29

23.33
9.91
5.84

18.44
8.00
4.23

» Includes 1 member bank in the Virgin Islands of the United States.
2 Number at end of year. Kemaining 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 accounts 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.




TABLE NO. 26.—Earnings, expenses, and dividends of national banks, by size of banks, for the year ended Dec. 31, 1959
TOTAL UNITED STATES AND POSSESSIONS
[Dollarfiguresin thousands]
B a n k s openiting throughout entire year with deposits on Dec. 31, 1959, of—
Less than $500,000
to
$500,000
$750,000

Number of banks
Total deposits .
_
_
Capital stock (par value)
Capital accounts
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
_

$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
to
to
to
to
to
or more
to
to
to
$1,000,000 $2,000,000 $5,000,000 $10,000,000 $25,000,000 $50,000,000 $100,000,000 $500,000,000
509

1,429

1,089

789

279

137

134

27

Total
4,512

11

42

66

$4, 549
305
815

$26,554
1,198
3,702

$59, 514
2,388
8,318

42
2
166

239
41
795

645
139
1,707

8,692
2,053
20,642

49,634
14,570
123,759

74,192
23,778
194,294

113,443
34,885
303,657

90,232
25,283
241,358

81,301
24,842
249, 751

217,523
60,708
778,146

281,843
102,665
1,260,530

917,786
288,966
3,174,805

2
8

5
64

3
143

98
1,840

732
11,958

1,895
22,525

4,221
39,527

3,563
29,216

4,126
26,324

13,863
65,849

32,812
95,345

61,320
292,799

12

40

86

3

14

31

965
28
529

4,288
397
3,653

6,271
1,917
5,815

10,577
7,259
11,325

7,340
10,605
12,933

6,562
12,841
13,369

20,851
56,839
44,894

33,602
72,293
57,805

90,594
162,179
150,371

235

1,198

2,754

34,847

208,991

330,687

524,894

420,530

419,116

1,258,673

1,936,895

362
102

693
212

7,441
3,498

34,781
25,954

43,626
48,242

58,077
86,985

41,616
73,565

38,144
74,831

101,076
237, 532

119,125
337,697

445,025
888,639

3

28

60

669

4,011

4,521

4,795

2,559

1,953

3,468

1,525

23,592

10

$784, 774 $4,838,500 $7,618,215 $12,018,435 $9,687,899
127,687
287,297
240,769
24,371
185,998
746,796
494,610
688,949
985,568
94,021

$9, 759,005 $30, 278,153 $44,227,976 $119,303,574
251,062
769,785
1,258,157
3,149,017
776,702
2,431,322
4,010,884 10,241,687

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

93

327

5,396

36,784

62,180

99,539

74,755

67,866

171,627

345,202

863,779

1
7

4
40

3
84

74
999

414
5,958

645
9,283

1,113
14,169

1,672
11,887

2,716
12,367

14,274
37,347

21, 418
50,482

42,334
142,623

3
43

22
213

49
446

755
5,112

5,676
30,710

9,113
51,206

15,042
86,835

11,508
72,854

10,308
73, 625

25,290
221,432

26,283
256,893

104,049
799,369

Total current operating expenses.

172

864

1,874

23,944

144,288

228,816

366,555

290,416

281,810

812,046

1,158,625

3,309,410




3

5,138,820

84
21

O

8

I
d

2

Net earnings from current operations...
Recoveries, transfers from valuation
reserves, and profits:
On securities:
Recoveries
_ _ __
Transfers from valuation reserves-- - .
Profits on securities sold or redeemed _
On loans:
Recoveries
Transfers from valuation reserves
AllotherTotal recoveries, transfers from
valuation reserves, and profitsLosses, chargeoffs, and transfers to
valuation reserves:
On securities:
Losses and chargeoffs
_ _
Transfers to valuation reserves.
On loans:
Losses and chargeoffs
Transfers to valuation reserves.
Allother
Total losses, chargeoffs, and
transfers to valuation reserves. .

63

334

880

10,903

101,871

171

481

1,264

539

1,735

6,626

4,913

15,741

163

12

64,703

602

2,882

2,931

4,263

17,601

40,156

68,598

158,339

130,114

137,306

446,627

778,270

1,829,410

2

2

71

592

997

1,520

1,124

1,111

5,711

13,558

24,688

5

38

94

634

2,109

1,539

1,884

482

403

759

1,293

9,240

1

5

15
13

30
153

436
764

638
1,128

1,698
2,218

975
2,483

1,262
2,413

3,112
6,730

15,468
10,853

23,634
26,761

6

45

124

900

4,235

5,385

11, 466

8,534

11,187

40,539

86,241

168,662

4

42

646
1

7,309
367

16,906
873

29,939
2,004

32,151
1,563

30, 572
4,546

108,225
26,310

132, 708
59,614

358, 502
95,278

60
12
8

120
19
14

937
567
288

3,093
4,511
2,076

1,847
9,314
3,814

2,656
16,874
6,192

509
13,832
3,910

232
15,910
4,008

1,275
37,136
15,817

124
85.688
17,983

10,859
183,870
54,112

6
7
2
15

84

195

2,439

17, 356

32, 754

57, 665

51,965

55. 268

188,763

296,117

54

295

809

9,364

51, 582

74, 502

112,140

86, 683

93, 225

298,403

568,394

13
1

72
2

205
11

2,320
98

13,975
694

24, 398
1,036

42, 267
1,768

34, 290
911

31,310
1,071

112,342
4,637

214,025
13,279

B

$

1,295,451

Taxes on net income:
Federal
State

8

702,621

Profits before income taxes

O

s

478, 217
23, 508

Total taxes on net income _._

14

74

216

2,418

14,669

25,434

44,035

35,201

35,381

116,979

227,304

501,725

Net profits before dividends

40

221

593

6,946

36,913

49,068

68,105

51, 482

57, 844

181,424

341,090

793, 726

Cash dividends declared:
On preferred stock
_
On common stock

16

91

229

2,591

11
14,458

20,882

17
31, 586

52
25, 510

28,397

68
98, 111

196,710

148
418, 581

16

91

229

2,591

14,469

20,882

31, 603

25, 562

28, 397

98,179

196,710

418. 729

Total cash dividends declared




o
3
a
4

CO

TABLE NO. 26.—Earnings, expenses, and dividends of national banks, by size of banks, for the year ended Dec. 31, 1959—-Continued
TOTAL UNITED STATES AND POSSESSIONS
[Dollarfiguresin thousands]
Banks operating throughout entire year with deposits on
Less than
$500,000
Memoranda items:
Recoveries credited to valuation
reserves (not included in recoveries above):
On securities
On loans
_
_
Losses charged to valuation reserves (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 accounts:
Net earnings from current operations _
_ -_
Net profits before dividends.-Cash dividends
Number of officers at end of period
Number of employees other than officers at end of period

Dec. 31, 1959, o f -

$500,000 $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
to
to
to
to
to
to
to
to
to
or more
$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

Total

9

3

251

5
2,014

49
3,635

204
5,050

277
3,251

421
3,731

1, 550
5,718

97
21,682

2,603
45,344

3

1

17

329

158
3,254

882
6,376

2,154
9,638

2,780
6,491

6,505
6,643

36, 272
16,316

72,146
20, 257

120,897
69,325

22
16

29
21

41
28

68
47

146
101

304
210

665
464

1,507
1,041

3,059
2,057

9,393
6,060

71, 737
42,912

1,139
734

6
4

8
5

13
9

21
14

45
26

94
45

201
86

466
185

1 002
422

3 333
1,354

28 825
12,633

405
176

1.53
.67

3

W
1.38
.88

1.26
.83

1.48
1.00

1.39
.89

1.34
.76

1.34
.64

1.32
.57

1.34
.53

1.41
.59

1.48
.60

1.76
.77

7.73
4.91
1.96

9.02
5.97
2.46

10.58
7.13
2.75

11.60
7.39
2.76

13.08
7.46
2.93

14.79
7.12
3.03

16.07
6.91
3.21

17 42
6.89
342

17.68
7.45
3 66

18.37
7.46
4.04

19.40
8 50
4.90

17.86
7. 75
4.09

25

104

202

1,445

5,548

5,780

6,645

4,197

3.571

8,922

11,109

47,548

13

63

144

1,578

9,685

16, 234

27, 937

22,917

23,090

68, 465

86,388

256,514

d

NOTE.—The deposits, capital stock, and capital accounts shown in this table are as of end of period. Capital accounts represents the aggregate book value of capital stock,
surplus, undivided profits, reserves and retirement fund for preferred stock.




o
o

S3

3
Q

145

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE N O . 27.—Earnings, expenses, and dividends of national banks, years ended
Dec. 31, 1957-59
[Dollar figures in thousands]
1957
Number of banks '
Capital stock, par value
Capital accounts 2

1958

4,627

4,585

4,542

$2, 716,931
8, 769,839

$2, 875,117
9,412, 557

$3,066, 632
10, 003,852

Percent
to total
Earnings from current operations:
Interest and dividends on;
$782,135
U.S. Government obligations
225.367
Other securities
Interest and discount on loans
__ 2, 631,136
Service charges and other fees on
45,186
banks'loans
Service charges on deposit accounts.._ 244,066
Other service charges, commissions,
fees, and collection and exchange
79, 710
charges.-129,433
Trust department—
146,753
Other current earnings
Total earnings from current
4,283,786
operations
Current operating expenses:
Salaries and wages:
386,237
Officers
782,470
Employees other than officers
Number of officers *
Number of employees other than
officers1
_
Fees paid to directors and members
of executive, discount, and advisory
committees
20,728
Interest on time deposits (including
savings deposits)
635,777
Interest and discount on borrowed
money
27,871
Taxes other than on net income
116,309
Recurring depreciation on banking
house, furniture, and fixtures
79,470
658,367
Other current operating expenses
Total current operating expenses
Net earnings from current operations
Recoveries, transfers from valuation reserves, and profits:
On securities:
Recoveries
__
Transfers from valuation reserves.
Profits on securities sold or redeemed
„
,,,.
On loans:
Recoveries
Transfers from valuation reserves.
Allother.—
_
Total recoveries, transfers from
valuation reserves, and profits
See footnotes at end of table.




1959

2,707, 229

Amount

18.26 $839,145
5.26
267,583
61.42 2,739,235

Percent
to total

Amount

18.49 $923, 611
5.89
291,174
60.35 3,187,398

Percent
to total
17.82
5.62
61.49

1.05
5.70

50,945
269,606

1.12
5.94

61, 580
294,758

1.19
5.69

1.86
3.02
3.43

80,185
141,473
150, 771

1.77
3.12
3.32

90,949
182, 016
151, 583

1.76
3.51
2.92

100.00 5,183,069

100.00

100.00 4, 538,943

14.27
28.90

413,130
828, 643

13.91
27.90

449,125
898,917

45,254

47,825

242,812
—

13.45
26.93

258,746

.77

22,108

.74

23,790

.71

23.48

762,319

25.67

866,701

25.96

1.03
4.30

12,835
125,872

.43
4.24

42,437
143,417

1.27
4.30

2.93
24.32

91,187
714,101

3.07
24.04

104,701
809,161

3.14
24.24

100.00 3,338,249

100.00

100.00

1,844,820

1,576,557

4,218
14,266

4.60
15.57

5,526
33,078

1.20
7.17

15,741
69,682

31,085

33.94

353,072

76.58

24,799

9.23
40.87
14.55

9,484
15,129
17,422

10.35
16.52
19.02

11,273
27,554
30,566

2.44
5.98

9,367
23,650
27,268

5.49
13.87
15.99

91,604

100.00

461,069

100.00

170,507

100.00

146

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE N O . 27.—Earnings, expenses, and dividends of national banks, yeais ended
Dec. 31, 1957-59—Continued
[Dollar figures in thousonds]
1958

1957

Amount

Percent
to total

Losses, chargeoffs, and transfers to valuation reserves:
On securities:
Losses and chargeoffs
_ $119,005
Transfers to valuation reserves
37, 937
On loans:
Losses and chargeoffs
11, 715
Transfers to valuation reserves
177, 226
Allother — 47,187
Total losses, chargeoffs, and transfers to valuation reserves
Profits before income taxes
Taxes on net income:
Federal
State--

-

393,070

Amount

1959

Percent
to total

Amount

30.28
9.65

$54,845
159, 713

12.18
35.46

$361,631
96,654

51.04
13.64

2.98
45.09
12.00

11, 583
157, 673
66,612

2.57
35.00
14.79

11, 090
184, 273
54, 871

1.57
26.01
7.74

450,426

100.00

708, 519

100. 00

100.00

1, 275,091

-

__ -

Total taxes on net income

Percent
to tctal

1,579,391

1,306,808

522, 705
22, 529

658, 615
31, 656

482,489
24, 008

545, 234

690, 271

506,497

Net profits before dividends

729, 857

889,120

800,311

Cash dividends declared:
On preferred stock
On common stock

171
363, 699

169
392,822

165
422, 703

363, 870

392,991

422, 868

1,588
29, 525

6,876
38,932

2,603
45,373

32,147
62, 722

12,610
76, 795

121,895
69,417

64, 738

108,506

113,417

Total cash dividends declared
Memoranda items:
Recoveries credited to valuation reserves (not included in recoveries
above):
On securities
__
On loans
Losses charged to valuation reserves
(not included in losses above):
On securities
On loans
Stock dividends (increases in capital
stock)
Ratios to gross earnings:
Salaries, wages, and fees
Interest on time deposits
All other current expenses
Total current expenses
Net current earnings
Ratio of cash dividends to capital stock
(par value)
Ratio of cash dividends to capital accounts_

Percent
27.77
14.84
20.59

Percent
27.85
16.79
20.80

Percent
26.47
16.72
21.22

63.20

65.44

64.41

36.80

34.56

35.59

13.41
4.15

13.67
4.18

13.79
4.23

i Number at end of period. Remaining figures include earnings, expenses, etc., oi those banks which
were in operation a part of the year but were inactive at the close of the year.
* 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.
NOTE.—Earnings and dividends figures for 1869 to 1937 were published for the years ended August 31
or June 30 and appear in the table beginning on page 96 of the Comptroller's Annual Report for 1937. Similar
figures for 1938 through 1941 appear in table 26 on page 136 of the 1941 report. Calendar year figures are
available, beginning with the year 1917, and are published in the Comptroller's reports as follows: 1938,
p. 100; 1940, p. 17; 1942, p. 34; 1943, p. 30; 1946, p. 98; 1949, p. 100; 1951, p. 118; 1954, p. 142; and 1957, p. 152.




TABLE NO. 28.—Number of national banks, capital stock, capital funds, net profits, dividends, and ratios, years ended Dec. 31, 1930-59
[Dollar figures in thousands.

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

Capital stock (par value)1
Number
of banks

Preferred

Total

Common

Ratios

Cash dividends
Capital
accounts 1

Net profits before
dividends

On
preferred
stock

On
common
stock

Cash dividends on
preferred
stock to
preferred
capital

Cash dividends on Total cash
common dividends
to capital
stock to
accounts
common
capital

Net profits before dividends
To capital
stock

To capital
accounts

O

w
o

Percent
1930
1931
1932
1933
1934
1935
1936
1937
1938
1939
1940
1941
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959

_.

$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
4,981
4,965
4,946
4,916
4,864
4,796
4,700
4,659
4,627
4,585
4,542

$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
20,979
16,079
12,032
6,862
5,512
4,797
4,167
3,944
3,786
3,332
3,225

1

$1,724,028
1,680,780
1.597.037
1,507,834
1,359,573
1,280,813
1,259,027
1,285,946
1,310,243
1,320,446
1,328,071
1,341,398
1,354,384
1,372,457
L, 440,519
L, 536,212
1,646,631
1,736,676
L, 779,362
L, 863,373
L, 949,898
2,046,018
1,171,026
1,258,234
1,381,429
>, 456,454
>, 558, 111
J, 713,145
>,871,785
1,063,407

$1,724,028
1,680,780
1.597.037
1,600,303
1,709,043
1,791,324
1,706,528
L, 591,788
L, 577,738
L, 561,521
L, 532,315
1,523,454
L, 511,123
L, 508,170
L, 551,116
1,616,884
L, 699,833
1,769,205
1,804,490
: ,884,352
]L, 965,977
S, 058,050
1,177,888
1,263,746
>,386,226
5,460,621
J, 562,055
5,716,931
1,875,117
,066,632

i

>

$3,919,950
3,753,412
3,323,536
2,981,678
2,982,008
3,084,092
3,143,029
3,206,194
3,281,819
3,380,749
3,463,862
3,596,865
3,684,882
3,860,443
4,114,972
4,467,718
4,893,038
5,293,267
5,545,993
5,811,044
6,152,799
6,506,378
6,875,134
7,235,820
7,739,553
7,924,719
8,220,620
8,769,839
9,412,557
10,003,852

Averages of amounts from reports of condition made in each year.
2 Deficit.
3 Licensed banks, i.e., those operating on an unrestricted basis.




$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
474,881
537,610
506,695
561,481
573,287
741,065
643,149
647,141
729,857
889,120
800,311

$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
1,100
712
615
400
332
264
203
177
171
169
165

$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
203,644
228,792
247,230
258,663
274,884
299,841
309,532
329,777
363,699
392,822
422,703

0.60
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
5.24
4.43
5.11
5.83
6.02
5.50
4.87
4.49
4.52
5.07
5.12

Percent
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
10.93
11.73
12.08
11.91
12.17
12.59
12.60
12.89
13.41
13.68
13.80

Percent
5.39
5.15
4.07
2.40
3.05
3.67
3.82
3.80
3.74
3.88
3.85
3.69
3.47
3.41
3.51
3.48
3.48
3.47
3.50
3.52
3.73
3.81
3.77
3.80
3.88
3.91
4.01
4.15
4.18
4.23

Percent
9.19
2 3.25
» 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
25.20
27.35
24.62
25.78
25.32
31.06
26.14
25.26
26.86
30.92
26.10

Percent
4.04
2 1.45
2 4.96
2 9.60
2 5.15
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
8.17
8.74
7.79
8.17
7.92
9.58
8.12
7.87
8.32
9.45
8.00

ft
O

o

ft

o

ft

148

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE NO. 29.—Total loans of national banks, losses and recoveries on loans, and
ratio of net losses or recoveries to loans, by calendar years, 1940-59
[Dollar figures in thousands]

Year

1940
1941
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959

Total loans
end of year

- --

-

_ _

_ _ .
. _ _

Average for 1940-59

Net losses
Losses and Recoveries or recoverchargeoffs
ies (+)

$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
23, 928,293
29,277,480
32,423, 777
36,119, 673
37, 944,146
39,827, 678
43, 559, 726
48,248,332
50, 502,277
52, 796,224
59,961,989

$58,249
51,989
43,134
43,101
41,039
29, 652
44, 520
73, 542
i 50, 482
i 59, 482
i 45, 970
i 53, 940
i 52,322
168,533
i 67,198
i 68,951
i 78, 355
i 74,437
i 88,378
180,507

$36,751
43,658
40,659
52,900
50,348
37,392
41,313
43, 629
2 31,133
2 26,283
2 31, 525
2 31,832
2 32, 996
2 36,332
2 41, 524
2 39, 473
2 37,349
2 39,009
2 50,205
2 54, 740

$21,498
8,331
2,475
+ 9 , 799
+9,309
+7,740
3,207
29, 913
19,349
33,199
14,445
22,108
19, 32b
32,201
25, 674
29,478
41,006
35,428
38,173
25, 767

29,237, 903

58, 689

39,953

18, 736

Ratio of
losses (or recoveries + )
to loans
Percent
0.21
.07
.02

+.10
+.08
+.06

.02
.14
.08
.14
.05
.07
.05
.08
.06
.07
.08
.07
.07
.04
.06

1 Excludes transfers to valuation reserves.
2 Excludes transfers from valuation reserves.
NOTE.—For prior figures beginning with the year 1928 see Annual Report for 1947, p . 100

TABLE NO. 30.—Total securities of national banks, losses and recoveries on securities
and ratio of net losses or recoveries to securities, by calendar years, 1940S9
[Dollar figures in thousands]

Year

Total securities Losses and Recoveries
chargeoffs
e n d of y e a r

Net losses
or recoveries (+)

Ratio of
losses (or recoveries + )
to securities

$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
44,207, 750
43,022, 623
43,043, 617
44,292,285
44,210,233
48,932,258
42,857,330
40, 503,392
40,981, 709
46,788,224
42,652,855

1940
1941
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
Average for 1940-59

$107,960
92,134
73,253
66,008
67,574
74, 627
74,620
69, 785
i 55,369
i 23, 595
i 26,825
i 57, 546
i 76, 524
i 119,124
i 49,469
i 152,858
i 238,997
i 151,152
i 67,455
i 483, 526

$40,993
48,157
36,170
59, 652
50,302
54,153
33, 816
25, 571
2 25, 264
2 7, 516
2 11, 509
2 6, 712
2 9,259
2 8,325
2 9,286
215, 758
2 13,027
2 5,806
2 12,402
2 18,344

$66,967
43,977
37,083
6,356
17,272
20,474
40,804
44,214
30,105
16,079
15,316
50,834
67,265
110, 799
40,183
137,100
225,970
145,346
55,053
465,182

Percent
0.49
.28
.13
.02
.04
.04
.09
.10
.07
.04
.04
.12
.15
.25
.08
.32
.56
.35
.12
1.09

40,477,497

106, 420

24,601

81, 819

.20

1 Excludes transfers to valuation reserves.
2 Excludes transfers from valuation reserves.
NOTE.—For prior figures beginning with the year 1928 see Annual Report for 1947, p. 100.




REPORT OF THE COMPTROLLER OF THE CURRENCY

149

TABLE N O . 31.—Foreign branches of American national banks, Dec. 31, 1959

l

BANK OF AMERICA NATIONAL TRUST AND SAVINGS FIRST NATIONAL CITY BANK OF NEW YORK,
N.Y.—Continued
ASSOCIATION, SAN FRANCISCO, CALIF.:

England:
London.
London (West End).
Guam:
Agana.
Japan:
Kobe.
Osaka.
Tokyo.
Yokohama.
Philippines:
Manila.
Thailand:
Bangkok.

FIRST NATIONAL BANK OF BOSTON, MASS.:

Argentina:
Avellaneda.
Buenos Aires.
Buenos Aires (Alsina).
Buenos Aires (Constitucion).
Buenos Aires (Once).
Rosario.
Brazil:
Rio de Janeiro.
Santos.
Sao Paulo.
Cuba:
Cienfuegos.
Havana.
Havana (Avenida de Italia).
Havana (Avenida Maximo Gomez).
Sancti Spiritus.
Santiago de Cuba.
FIRST NATIONAL CITY BANK OF NEW YORK, N.Y.:

Argentina:
Buenos Aires.
Buenos Aires (Belgrano).
Buenos Aires (Flores).
Buenos Aires (Plaza Once).
Cordoba.
Rosario.
Bahamas:
Nassau.
Brazil:
Belo Horizonte.
Curitiba.
Porto Alegre.
Recife.
Rio de Janeiro.
Salvador.
Santos.
Sao Paulo (Avenida Ipiranga).
Sao Paulo (Praca Antonio Prado).
Canal Zone:
Balboa.
Cristobal.
Chile:
Santiago.
Valparaiso.
Columbia:
Barranquilla.
Bogota.
Cali.
Medellin.
Cuba:
Caibarien.
Cardenas.
Havana.

C uba—Continued
Havana (Ave Rancho Boyeros).
Havana (Cuatro Caminos).
Havana (Galiano).
Havana (La Lonja).
Havana (23d Street Vedado Branch).
Manzanillo.
Matanzas.
Santiago de Cuba.
Egypt:
Cairo.
England:
London.
London (Berkley Square Branch)
France:
Paris.
Hong Kong:
Hong Kong.
India:
Bombay.
Calcutta.
Japan:
Nagoya.
Osaka.
Tokyo.
Yokohama.
Lebanon:
Beirut.
Malaya:
Kuala Lumpur.
Mexico:
Mexico City (Isabella Catolica).
Mexico City (Parque San Martin).
Mexico City (Republica).
Panama:
Panama City.
Panama City (La Exposicion).
Paraguay:
Asuncion.
Peru:
Lima.
Philippines:
Cebu City.
Clark Field.
Manila.
Manila (Port Area Branch).
Puerto Rico;
Arecibo.
Bayamon.
Caguas.
Mayaguez.
Mayaguez (Plaza de Colon).
Ponce.
San Juan.
San Juan (Hato Rey).
San Juan (Santurce).
Saudi Arabia:
Jeddah.
Singapore:
Singapore (Raffles Quay).
Singapore (Orchard Road).
Uruguay:
Montevideo.
Montevideo (Pocitos).
Venezuela:
Caracas.
Caracas (Miranda).
Maracaibo.
Valencia.

i Excludes banking facilities at military establishments.
NOTE.—Consolidated statement of the assets and liabilities of the above-named branches as of Dec. 31.
1959, appears in the following table.




150

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE NO. 32.—Consolidated statement of assets and liabilities of foreign branches
of national banks, Dec. 31, 1959 l
[Dollar figures in thousands]

Number of branches

101
ASSETS

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

$841, 823
75, 007
32, 208
234, 986
179, 344
18, 513
144, 965
17, 139
1, 543, 985

LIABILITIES

Demand deposits of individuals, partnerships, and corporations
Time deposits of individuals, partnerships, and corporations
Deposits of U.S. Government
State and municipal deposits
Deposits of banks
Other deposits (certified and cashiers' checks, etc.)

632, 284
309, 314
147, 273
31, 114
204, 578
20, 654

Total deposits
1, 345, 217
Due to head office and branches
3, 806
Bills payable and rediscounts
12, 432
Acceptances executed by or for account of reporting branches and
outstanding
146,088
Other liabilities
36, 411
Total liabilities

1, 543, 954
CAPITAL ACCOUNTS

Undivided profits, including reserve accounts
Total liabilities and capital accounts
i Excludes figures for banking facilities at military establishments.
NOTE.—For location of foreign branches see preceding table.




31
1, 543, 985

REPORT OF THE COMPTROLLER OF THE CURRENCY

151

TABLE N O . 33.—-Assets and liabilities of banks in the District of Columbia, by

classes, Dec. 31, 1959
[Dollarfiguresin thousands]
Total all
banks

Number of banks

12

National
banks

Non-national t a n k s

5

7

ASSETS

Loans and discounts:
Real estate loans:
Secured by farm land
Secured by residential properties:
Insured by Federal Housing Administration
Insured or guaranteed by Veterans' Administration _.
Not insured or guaranteed by FHA or VA
Secured by other properties
Loans tofinancialinstitutions:
Domestic commercial and foreign banks
Other
_
Loans to brokers and dealers in securities
Other loans for purchasing or carrying securities
Loans to farmers directly guaranteed by the Commodity Credit
Corporation
Other loans to farmers (excluding loans on real estate)
Commercial and industrial loans (including open market paper).
Other loans to individuals for personal expenditures:
Passenger automobile installment loans
Other retail consumer installment loans
Pesidential repair and modernization installment loans
Other installment loans for personal expenditures
Single-payment loans for personal expenditures_. _
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
U.S. nonmarketable bonds (savings, investment series
A-1965, B-l975-80, 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
_
_
_
Cash, balances with other banks, including reserve balances and cash
items in process of collection:
Cash items in process of collection, including exchanges for clearing house _
Demand balances with banks in the United States (except private banks and American branches of foreign banks) _ .
Other balances with banks in United States
Balances with banks in foreign countries
Currency and coin
Reserve with Federal Reserve bank and approved reserve
agencies
_
Total cash, balances with other banks, etc




$347

$265

$82

14, 554
39, 922
83, 610
60, 758

7,007
25, 641
44, 738
39,285

7,547
14, 281
38, 872
21,473

1,520
89, 556
6 594
3,142

1,520
58, 944
3 153
1,836

30, 612
3 441
1,306

345
241
203.366

345
20
118, 464

221
84, 902

43, 972
17.170
18, 993
40, 544
73, 806
22 815
262

19, 089
5,183
9,453
10, 640
37, 559
13,170
162

24,883
11, T87
9,540
29, 804
36, 247
9, 645
100

721, 517
9,091

396, 474
7,519

325,043
1,572

712, 426

388, 955

323,471

9,186
29,229
94 972

1,548
13,857
51 502

7,638
15, 372
43 47C

17, 019
222,487
107,013
7,664
855

8,731
137,115
71, 903
4,906
688

8,288
85,372
35,110
2,758
167

488, 425

290,250

198,175

488, 425
38, 627
16, 948
2,385

290, 250
25,020
8,410
1,606

198,175
13,607
8,538
779

546,385

325,286

221,099

98,181

56,380

41, 801

34, 574
204
1,220
24 890

23, 781
63
1,029
14 104

10,793
141
191
10, 786

155, 601

89,815

65, 786

314, 670

185,172

129, 498

152

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE N O . 33.—Assets and liabilities of banks in the District of Columbia, by
classes, Dec. 31, 1959—Continued
[Dollar figures in thousands]
Totafall
banks

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
Other assets
__
_
.
.
.
.

National
banks

Non-national banks

$16, 538
120

$7,230
35

4,418
5,510

1,970

4,418
3,540

1,607,332

Total assets

$23, 768
155

918,041

689,291

991,780
25,674
140
58,222
5,580

575,320
16,640
131
36,864
4,197

416,460
9,034
9
21,358
1,383

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

9,950

6,567

643,102

454,811

342,606
17, 671
532

Time deposits:
Individuals, partnerships, and corporations ._
U.S. Government
Postal savings.
__
States and political subdivisions
Banks in United States _
Banks in foreign countries

16, 517
1,097, 913

Total demand deposits

175, 628
8,947
532

166, 978
8,724

1,250

176, 702

828, 459

631, 513

3,000
33, 565

3,000
20,286

13,279

1,496, 537

Total liabilities...

1,000

185,357

1, 459, 972

Total deposits.
Bills payable, rediscounts, and other liabilities for borrowed money.
Other liabilities

250

362,059

Total time deposits

851, 745

644, 792

30,093
58,208
17,300
5,194

18, 743
33,958
10,469
3,126

11,350
24,250
6,831
2,068

CAPITAL ACCOUNTS

Capital stock* Common stock
Surplus
Undivided profits
Reserves

_

.

.

_ __

Total capital accounts
Total liabilities and capital accounts

110,795

66,296

44,499

1,607,332

918,041

689,291

110,683

56, 725

53, 958

MEMORANDUM

Assets pledged or assigned to secure liabilities and for other purposes
(including notes and bills rediscounted and securities sold with
agreement to repurchase)




REPORT OF THE COMPTROLLER OF THE CURRENCY

153

TABLE NO. 34.—Assets and liabilities of all banks in the District of Columbia at date

of each call during the year ended Dec. 31, 1959
[In thousands of dollars]
Mar. 12,
1959

Oct. 6,
1959

Dec. 31,
1959

13 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 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
Customers' liability on acceptances outstanding
Other assets
_
--

J u n e 10,
1959

12 banks

12 banks

12 banks

651,664
542,270
7
40,548
23,002

681,894
514, 511
7
40,646
21,261

704,048
498,149

712,426
488,425

38,758
19,396

38, 627
16, 948

2,332

2,380

2,385

176,359
27,338

170, 749
26, 003

155, 601
24,890

114,161
22,683
137

127,050
23,274
188

121, 369
23, 657
158

134,179
23, 768
155

4,418

4,418
6,061

4,418
2
5,908

4,418

5,288
1, 618,104

Total assets.

2,332
185, 573
26,021

1, 625, 339

1, 614,995

1, 607,332

995,820

982,737

5,510

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.
_
Other liabilities

365,994
591
32, 779
104
69, 324
24, 380
1,488,992
1,102,335
386,657

762
35,252
81
73, 784
19,108
1,474,055
1,091, 111
382,944

968,028

991, 780

353,871
532
47,273
51
75,210
21,182
1,466,147
1,092,895
373,252

342,606
532
43, 345
140
65, 052
16, 517
1,459,972
1,097,913
362,059

25,900

21,000

"33," 565

3,000

17, 756

16,149

1, 506, 748

Total liabilities.

2
17,136

1, 516,104

1, 504,285

1,496, 537

30,212
59,858
16,436
4,850

29,893
57,608
17,314
4,420

30,093
58,108

30, 093
58,208
17, 300
5,194

111, 356

109,235

110, 710

110, 795

1,618,104

1,625,339

1,614,995

1,607, 332

104,636

120,536

114,958

110, 683

CAPITAL ACCOUNTS

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

_.

_

Total liabilities and capital accounts.

5,541

MEMORANDUM

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




154

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE N O . 35.—Assets and liabilities of nonnational banks in the District of
Columbia at date of each call during the year ended Dec. 81, 1959
[In thousands of dollars]
Mar. 12,
1959

Oct. 6,
1959

Dec. 31,
1959

8 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 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
Other assets

June 10,
99
7 banks

7 banks

7 banks

291,136
230,409
7
11, 720
8,806

304,425
209,009
7
12,816

319, 620
205, 760

323,471
198,175

13,000
8,593

13, 607
8, 538

767
81, 356
11, 847

79, 035
10, 824

65, 786
10, 786

42, 213
6,546

49,000
6, 878

46,940
7,117
35

52, 926
7,230
35

4,418
2,982

4,418
3,309

4,418
3,350

4,418
3,540

694,321

Total assets .

767
84, 347
10, 970

692,229

699,466

689,291

418, 540

414,915

404,425

416,460

173,818

172,474

174, 620

166,978

13, 914
11
22, 232
9,095
637,610
453,594
184,016

14, 614
11
21, 910
6,912
630,836
448,161
182, 675

19,868
11
22,828
7,327
629, 079
444,743
184,336

17, 758
9
23, 741
6,567
631, 513
454,811
176,702

8,750
9,665

16,000
10, 372

13,279

647,476

649,251

655, 451

644, 792

11,670
26, 250
6,541
2,384

11,150
23,800
5,995
2,033

11, 350
24,150
6,446

11, 350
24,250
6,831
2,068

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
borrowed money
Other liabilities

for

Total liabilities
CAPITAL ACCOUNTS

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

46,845

42,978

44,015

44,499

694,321

692, 229

699,466

689,291

10, 425

61, 337

57, 343

53,958

MEMORANDUM

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




REPORT OF THE COMPTROLLER OF THE CURRENCY

155

TABLE NO. 36.—Earnings, expenses, and dividends of banks in the District of
Columbia, years ended Dec. 31, 1959 and 1958
[Dollar figures in thousands]
Years ended Dec. 31
National banks

Total
1959
Number of banks

l

1959

1958

Total earnings from current operations..

Total current operating expenses

12,099
1,970
31,682
347
3,982

8,007
973
18, 515
284
2,141

7,405
1.022
17,070
165
1,928

5,821
576
17,555
250
2,365

4,694
948
14,612
182
2,054

1,225
3,410
1,207

1,204
3,017
1, 473

517
1,255
431

455
995
744

708
2,155
776

749
2,022
729

62,329

55, 774

32,123

29, 784

30,206

25,990

5,577
11,844

3,116
6,286
263
1,723

3,097
6,129
252
1,691

2, 774
6,471
234
1,769

2,480
5,715
237
1,689

$412

$230

$202

$184

$210

8,115
158
2,145

4,461
292
1,180

4,221
116
1,094

4,253
281
1,089

3,894
42
1,051

1,139
8,874

868
4,424

773
4,153

468
5,697

366
4,721

19, 785 21,217

18, 479

20,857

42,074

Net earnings from current operations

$11,937
46,980

13,828
1,549
36,070
534
4,506

Current operating expenses:
Salaries and wages:
5,890
Officers
12, 757
Employees other than officers
497
Number of officers i
Number of employees other than officers i
Fees paid to directors and members of executive,
discount, and advisory committees
$414
Interest on time deposits (including savings
deposits)
-_. 8,714
573
Interest and discount on borrowed money
2,269
Taxes other than on net income
Recurring depreciation on banking house, furni1,336
ture, and fixtures
10,121
Other current operating expenses

20,255

Recoveries, transfers from valuation reserves, and
profits:
On securities:
Recoveries
Transfers from valuation reserves
Profits on securities sold or redeemed
On loans:
Recoveries
Transfers from valuation reserves
Allother
from

17,510

79

107
1,963

906

53
63
590

380
364

106

36
63
546

43
380
258

2,882

1,037

699

1,845

1,367

889
363

341

803

548
363

122
512
873

172
1, 22'*
2, 756

325
118

53
820
203

114
187
755

119
403
2,553

2,874

5,403

1,015

1,417

1,859

11, 266

Total losses, chargeoffs, and transfers to valuation reserves

7,511

25

valuation

Losses, chargeofTs, and transfers to valuation reserves:
On securities:
Losses and chargeoffs
Transfers to valuation reserves
On loans:
Losses and chargeoffs
Transfers to valuation reserves
Allother




1958

$30,092 $30,637 $18,742 $18,700 $11,350
110,795 110,950 66,296 63,970 44,499

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

See footnotes at end of table.

1959

13

Capital stock, par value 2_
Capital accounts 2

Total recoveries, transfers
reserves, and profits

1958

Nonnational
banks

107
1,057

156

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE NO. 36.—Earnings, expenses, and dividends of banks in the District of
Columbia, years ended Dec. 31, 1959 and 1958—Continued
[Dollar figures in thousands]

n
Years ended Dec. {
Total
1959
Profits before income taxes.. -.

_

National banks

1959

1958

$18,166 $14,989 $10,337

- -

1958

1958

1959

Nonnational
banks

$9,619

$7,829

$5,370

9,008

8,527

5,039

4,787

3,969

3,740

9,158

6,462

5,298

4,832

3,860

1,630

- ___ -_

5,090

4,839

3,006

2,899

2,084

1,940

Memoranda items:
Recoveries credited to valuation reserves (not
included in recoveries above):
On securities
On loans.._
-.
Losses charged to valuation reserves (not included in losses above):
On securities
- On loans
-_

79

72

46

42

33

30

255

230

117

91

Taxes on net income: Federal...

_ _

Net profits before dividends __ _
Cash dividends.

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

_ _
_

__ _

_

Ratio of cash dividends to capital stock (par value)
Ratio of cash dividends to capital accounts
1
2

8
138

Percent Percent Percent Percent Percent Percent
31.97
31.22
- 30.58
29.98
31.66
32.34
13.98
14.55
14.08
13.89
14.17
14.98
22.94
22.08
24.94
21.06
20.60
23.78
67.50

Total current expenses
Net current earnings

8
321

68.60

64.93

66.43

70.24

71.10

32.50

31.40

35.07

33.57

29.76

28.90

17.01
4.63

15. 79
4.36

16.22
4.60

15.50
4.53

18.30
4.67

16.25
4.13

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.




TABLE NO, 37.—Number of banks, capital stock, capital funds, net profits, interest and dividends, and ratios, all banks in the District of
Columbia, years ended Dec. 31, 1930-59
[Dollar figures in thousands. Figures for previous years published in report for 1940, p . 200]
Capital i
Number of Capital
banks notes and
debentures

1930
1931
1932
1933
1934
1935
1936
1937
1938.
1939
1940
1941
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959

39
39
34
21
22
22
22
22
22
22
22
22
22
22
21
21
20
19
19
19
19
19
19
19
17
17
17
16
13
12

$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

$24,008
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
21,017
21,467
22,333
22,833
23,000
24,610
27,440
30,213
31,307
30,637
29,919

$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
21,017
21,467
22,333
22,833
23,000
24,610
27,440
30,213
31,307
30,637
29,919

Capital
accounts 1

$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
69,635
73,451
78,295
81,881
85,707
90,209
96,050
107,318
112,236
110,950
110,021

1 Averages of amounts from reports of condition made in each year.
2 Deficit.




Ratios

Interest and cash dividends
Net
profits
before
dividends

$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
5,083
6,361
5,800
6,446
7,143
6,773
7,388
7,708
7,013
6,462
9,158

On
capital
notes
and
debentures

$31
77
58
47
41
40
28
24
11
17
6

On preferred
stock

$34
68
68
59
50
47
56
42
38
31
16
1

Interest
on capital notes
On com- and demon
bentures
stock
to capital
notes
and debentures
$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
2 653
2,912
3 014
3 068
3,166
3.553
3; 941
4,449
4,635
4,839
5,090

Percent

2.31
4.30
3.78
3.31
3.15
3.09
2.80
3.97
2.42
4.25
4.88

Cash
dividends
on preferred
stock to
preferred
capital
Percent

2.16
4.12
4.12
3.80
3.69
3.89
4.35
3.72
3.92
3.90
5.05
2.94

Net profits before dividends
Cash
dividends Total
on com- interest
To
and cash
mon
capital
To
stock to dividends
accommon to capital capital
counts
capital accounts stock
Percent
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
12.62
13.57
13.50
13.44
13.77
14.44
14.36
14.73
14.80
15.79
17.01

Percent
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
3.81
3.96
3.85
3.75
3.69
3.94
4.10
4.15
4.13
4.36
4.63

Percent Percent
12.43
5.67
6.49
2.91
2 5.28 2 2.43
2 11.20
2 5.32
2 1.96
2 1.04
11.54
6.12
17.47
8.86
13.98
6.69
11.97
5.45
17.45
7.36
15. 22
6.20
17.08
6.63
12.76
4.83
13.02
4.80
19.79
6.83
30.70
9.93
27.49
8.83
24.05
7.62
17.15
5.31
24.19
7.30
29.63
8.66
25.97
7.41
28.23
7.87
31.06
8.33
27.52
7.51
26.92
7.69
25.51
7.18
22.40
6.25
21.09
5.82
30.61
8.32

d

o

O

o
o
O
F
F

01

158

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE N O . 38.—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 1940 59
ALL BANKS
[Dollar figures in thousands]
Year

1940
1941
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
A

Total loans
end of year

. . .

.
_

Recoveries

_ _
.

erases for 1940-59

$128,221
144,649
118, 524
106, 789
110,479
125,302
175,340
242,755
270,963
285,399
347,853
372,607
420,060
446,861
501,630
579,680
631,394
650,210
670,206
712,426

$371
332
225
237
600
195
184
303
1395
1574
1382
1475
1393
1579
1335
1360
1423
1477
1427
1443

$193
277
351
297
434
300
483
529
2
211
2
304
2 539
2 315
2 253
2 406
2 162
2 243
2
173
2 212
2
140
2 132

352,067

_
_

Losses and
chargeoffs

386

298

N e t losses
Ratio of losses
or recoveries
(or recoveries + ) to
loans

$178
55
+126

+60
166

+105
+299
+226
184
270

Percent
0.14
.04
+.11
+.06
.15
+.08
+.17
+.09
.07
.09

+157

+.05

160
140
173
173
117
250
265
287
311

.04
.03
.04
.03
.02
.04
.04
.04
.04

88

.02

NATIONAL BANKS
1940
1941
1942
1943
1944
1945
1946.
1947
1948
1949
_
1950
1951
_.
1952
1953
1954
1955
1956 .. 1957
1958
1959...

.

-,

Averages for 1940-59

See footnotes at end of table.




$60,059
68,766
55, 876
51, 534
55,181
67, 807
96, 720
131, 989
145,299
145,982
183,547
199,131
226, 337
245,151
300,865
347,098
378, 746
396,165
376, 878
388,955

$178
122
112
133
110
66
62
133
1264
261
1 166
'298
279
288
139
206
241
252
170
238

$119
143
147
113
141
112
211
230
2
100
2 93
2 180
2 191
2
102
2 289
2
75
2
123
2 103
2
134
2 67
'63

196,104

186

137

$59

+21
+35
20

+31
+46
+149
+97
164
168
+14
107
177

+1

0.10

+.03
+.06
.04
+.06
+.07
+.15
+.07
. 11
.11

+.C1
.05
.08

64
83
138
118
103
175

.02
.02
.04
.03
.03
.04

49

.02

REPORT OF THE COMPTROLLER OF THE CURRENCY

159

TABLE NO. 38.— 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 1940-59—
Continued
NONNATIONAL BANKS
[Dollar figures in thousands]

Year

1940
1941
1942
1943
1944
1945..
1946
1947 .
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957 . .
1958
1959

.

Total loans
end of year

.
. .
.

. . .

-

Averages for 1940-59
1

Losses and
chargeoffs

Recoveries

$74

$68,162
75, 883
62, 648
55,255
55,298
57,495
78,620
110, 766
125,664
139,417
164, 306
173,476
193, 723
201, 710
200, 765
232, 582
252,648
254,045
293,328
323, 471

$193
210
113
104
490
129
122
170
131
313
216
177
114
196
154
182
225
257
205

134
204
184
293
188
272
299
2 111
2 211
2
359
2
124
2 151
2 117
2
87
2 120
2 70
2
78
2 73
2
69

155,963

200

161

?m

Net losses Ratio of losses
(or recovor recoveries
eries + ) to
(+)
loans
Percent

+59
+150
+129
20
102
+143
53
+37
174

0.17
.10
+.15
+.14
.36
+.10
+.19
+.12
.02
.07
+.09
.03
+.02
.09

109
34
112
147
184
136

.05
.01
.04
.06
.06
.04

39

.03

$119
76

+91
+80
197

2
Excludes transfers to valuation reserves.
Excludes transfers from valuation reserves.
NOTE.—For prior figures beginning with year 1928 see Annual Report for 1947, p. 109.




160

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE N O . 39.—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 1940-59
ALL BANKS
[Dollarfiguresin thousands]
Total securities e n d of
year

Year

Losses and
chargeoffs

Recoveries

Ratio of losses
Net losses or (or recoveries
recoveries (+) + ) to securities
Percent

1940
1941
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959

$136,389
158,518
306,889
433, 694
549, 977
719,103
621, 710
547,104
509,545
534, 759
575, 500
601,232
570,881
548, 393
575,323
543,452
521,085
514, 639
594,931
546, 385

- - _ - -

- -

- -

- - - -

_.-

.

Averages for 1940-59

505,475

$732
827
466
770
639
299
205
347

201
126
169
757
711
634
164
509
i 1,224
1518
1889

$351
359
262
590
459
278
125
83
2 88

22
22
28
2 71
234
21
21

i 1, 375

578

$381
468
204
180
180
21
80
264
113
124
167
757
703
563
130
508
1,224
517
889
1,375

0.28
.30
.07
.04
.03
.002
.01
.05
.02
.02
.03
.13
.12
.10
.02
.09
.23
.10
.15
.25

136

442

.09

$285
242
199
469
250
173
76
16
2 80
21

$248
375
72
172

0.30
.40
.04
.06

+19
9
21
150
+36

+.01
.002
.01
.05
+.01

23
100
540
425
198
151
167
332
203
341
564

.01
.03
.14
.12
.06
.04
.05
.10
.06
.10
.17

202

.06

NATIONAL BANKS
1940
1941
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959

.

--_ .
.-

.
.-. .

Averages for 1940-59

See footnotes at end of table.




$533
617
271
641
231
182
97
166
144
1 24

$81,589
94,880
203, 593
276, 495
341, 778
440, 209
372,566
327, 705
308, 248
345, 537
379,010
388,279
361, 695
351,994
378, 648
354,373
348,086
331,406
350,090
325,286

100
1540
1432
1265
•151
1167
1332
1204
1341
1 564

318,073

295

27
2 67
(2)
21

93

REPORT OF THE COMPTROLLER OF THE CURRENCY

161

TABLE N O . 39.—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 1940-59—Continued
NONNATIONAL BANKS
[Dollarfiguresin thousands]
Total securities end of
year

Year

Ratio of losses
Net losses or (or recoveries
recoveries(+) +) to securities

Recoveries

Losses and
chargeoffs

Percent
19401941
1942_
1943
1944
.1945
1946
..
1947
1948
..
1949
1950
1951
1952
1953.
1954
1955 . - 1956
1957
.1958
1959

. .
. .

.

-

.
.

-

Averages for 1940-59

$54,800
63,638
103,296
157,199
208,199
278,894
249,144
219,399
201,297
189,222
196, 490
212, 953
209,186
196,399
196, 675
189,079
172,999
183, 233
244,841
221,099
187,402

$66
117
63
121
209
105
49
67
28
21
22

$199
210
195
129
408
117
108
181
157
i 102
i 69
217
279
369
i 13
342
892
314
i 548
811
283

$133
93
132
8
199
12
59
114
149
101
67
217
278
365

21
24
2 34
2 1

0.24
.15
.13
.01
.10
.004
.02
.05
.07
.05
.03
.10
.13
.19

+21

.18
.52
.17
.22
.37

240

43

+.01

341
892
314
548
811

.13

i Excludes transfers to valuation reserves. 2 Excludes transfers from valuation reserves.
NOTE.—For prior figures beginning with year 1928 see Annual Report for 1947, p. 110.
TABLE N O . 40.—Fiduciary activities of banks in the District of Columbia, Dec. 81,

1959
Total
Number of banks exercising fiduciary powers
Number with authority but not exercising fiduciary
powers

National
banks

Nonnational
banks

6

3

3

Total number authorized to exercise fiduciary
powers

6

3

3

Total banking assets of banks authorized to exercise
fiduciary powers
_

$1, 444,361,306

$868, 980,913

$575,380,393

350,709,309
573,300, 527
4,267,795

133,900,185
213,106, 516
947, 958

216,809,124
360,194,011
3,319,837

928,277,631

347,954, 659

580,322, 972

4,441
2,191
57
246

1,499
800
39
85

2,942
1,391
18
161

Trust department liabilities:
Trusts
Agency, escrow, custodian, and corporate accounts—
All other liabilities
Total liabilities
Number of accounts being administered:
Trusts
Agency, escrow, and custodian
Corporate trust bond issue accounts
All other accounts 1

-..

Total number of accounts

6,935

2,423

4,512

Bond and debenture issues outstanding where bank acts
as trustee

$275,350,010

$245, 654,010

$29, 696,000

Trust department gross earnings for year ended Dec. 31,
1959

3,410,000

1, 255,000

2,155, 000

1

Corporate paying agency, depository, registrar, transfer agency, etc.




TABLE N O . 41.—Assets

liabilities of all active banks in the United States and possessions, by classes, Dec. SI, 1959
to

[Dollar figures in thousands]
Total all
banks

Number of banks

_

National
banks

All banks
other than
national

Banks other than national
State commercial l

Mutual
savings

Private

13,984

4,542

9,442

8,855

518

$1,642,259
42,806, 865
8, 688,226

$603,625
11,239,977
3,326,184

$1,038,634
31,566,888
5,362,042

$982,105
9,075,871
2,909,088

$54,626
22,486,254
2,451,117

825,053
7,132,089
3,018,146

338,248
3,911,316
1,160,372

486,805
3,220, 773
1, 857, 774

486,606
3,214, 505
1,852,235

1,858, 845
200,135
4,829,923
40,489, 547
24, 508,912
2,812,342

790,877
62,599
2,368,284
22,309,563
13,469,652
1,583,153

1,067,968
137, 536
2,461,639
18,179,984
11,039,260
1,229,189

1,050,453
137,182
2,452,515
18,012,691
10, 789,877
1,205, 232

1,716
94, 726
238,955
18, 716

10,068
354
7,408
72, 567
10,428
5,241

138,812,342
2,402,660

61,163,850
1,201,861

77,648,492
1,200, 799

52,168,360
973,344

25,353, 557
227,394

126,575
61

136,409, 682

59,961, 989

76,447,693

51,195,016

25,126,163

126,514
•=

K

65, 881, 700
17, 714, 739
7,014, 757
1,401,177

31, 760,970
9,036,149
1,553,557
302,179

34,120,730
8,678,590
5,461,200
1,098,998

27,182,135
1,423,493
276,851

6.864,410
721,940
4,034,559
813,973

74,185
49,223
3,148
8,174

a

92,012,373

42,652,855

49,359,518

36,789,906

12,434, 882

134,730

3,169, 565

1,521,334

1,648,231

1,511,826

133, 784

2,621

47,192,451
2,883,967
83,395

25,942,911
1,476,979
45,113

21,249,540
1,406,988
38,282

20,462,279
1,161,526
26,041

695,625
243,622
12,162

91,636
1,840
79

217,555
776,351
1,612,392

142,737
291,947
600,248

74,818
484,404
1,012,144

74,818
467,801
710,284

296, 622

16,603
5,238

284.357, 731

132,636,113

151,721,618

112,399,497

38,942,860

379,261

ASSETS

Loans and discounts:
Keal estate loans:
Secured by farm land (including improvements).
Secured by residential properties (other than farm)
Secured by other properties
Loans to financial institutions:
Domestic commercial and foreign banks
Other
Loans to brokers and dealers in securities
Other loans for the purpose of purchasing or carrying stocks, bonds, and other
securities
Loans to farmers directly guaranteed by the Commodity Credit Corporation
Other loans to farmers (excluding loans on real estate)
Commercial and industrial loans (including open market paper)
Otner loans to individuals for personal expenditures
All other loans (including overdrafts)
Total gross loans

_

Less valuation reserves.._
Net loans
Securities:
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

_




7,907,427

$1,903
4,763
1,837
199
6,268
5,539

7,447

i
o

E

3

O

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
Time deposits:
Individuals, partnerships, and corporations
U.S. Government
__ _
Postal savings
States and political subdivisions
_ _ Banks in the United States
Banks in foreign countries
Total time deposits
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

116,459,580
5,073,359
11,531, 111
13,953,587
1. 705,175
3,929,398

62,496,399
2, 741,888
6,637,065
8,345,649
600,952
1,881,161

53,963,181
2,331,471
4,894,046
5, 607,938
1,104,223
2,048,237

53, 741,496
2,327,465
4,889.354
5, 592,011
1,080, 725
2,004,853

22,092
3,742
1,638
318
5,170

199, 593
264
3,054
15,609
23,498
38,214

152,652, 210

82,703,114

69,949,096

69,635,904

32,960

280,232

97,883,390
279.092
19,923
3,217,499
177,871
1,266, 795

34,385,356
194,149
9,042
1,832,172
41,631
472,213

63,498,034
84,943
10,881
1.385,327
136, 240
794,582

28, 541,480
84, 592
10 881
1,371, 236
133,347
788, 732

34,934, 465
349

22,089
2

13,071
1,843

1,020
1,050
5,850

102, 844, 570

36,934,563

65,910,007

30,930, 268

34, 949, 728

30,011

255, 496, 780

119, 637, 677

135,859,103

100, 566,172

34,982,688

310,243

648,852
828,614
4,410,334

340,362
307,511
2,048,446

308,490
521,103
2, 361, 888

291,670
501,437
1, 760,425

9,590
591, 542

7,230
19,666
9,921

261,384,580

122,333,996

139,050, 584

103,119, 704

35, 583,820

347,060

5,932, 536
56, 214
16, 820
11.760,363
4 468 702

3,166,651

2, 765, 885
56, 214
13, 729
6, 698,279
2 654 065

2, 758, 519
56, 214
13, 729
4, 316.151
1 893 591

Total liabilities and capital accounts

w

o
o

o
El

CAPITAL ACCOUNTS

Common stock
Capital notes and debentures
Preferred stock
Surplus.
_______
_
__
Undivided profits
Reserves and retirement account for preferred stock and capital notes and debentures
Total capital accounts

a

_
_

__

3,091
5, 062,084
1 814,637

7,366
2,360,732
759 193

21,396
1 281

738, 516

255, 654

482,862

241,589

239,115

2,158

22,973,151

10,302,117

12,671,034

9, 279, 793

3, 359,040

32, 201

284,357, 731

132,636,113

151, 721, 618

112,399,497

38, 942,860

379,281

o
d
ftl

1

Includes stock savings b a n k s .




o

CO

TABLE N O . 42.—Assets and liabilities of all active banks in the United States and possessions, Dec. 81, 1959 {including national, State
commercial, savings, and private banks)
ASSETS
[Dollarfiguresin thousands]

Other
assets

Total
assets

^
<s
THE

Investments
and
Real
CusBank
estate other tomers'
premises owned
liabilowned, other
ity on
furniture than
acceptand
bank
ances
fixtures prem- bank
outises
prem- standing
ises or
other

REPO]

Location

Balances
with
other
banks,
U.S. Gov- ObligaCorporate
Loans and ernment
tions of
Other
stocks,
including
Population Num- discounts, obligaStates
bonds, including Currency reserve
(approxi- ber of including
tions,
and polit- notes, stocks of and coin balances
mate)
banks
overdirect and ical sub- and de- Federal
and cash
drafts
guaran- divisions bentures Reserve
items in
process
teed
banks
of collection

estate
956,000
Maine
599,000
New Hampshire
374,000
Vermont
4,997,000
Massachusetts
884,000
Rhode Island
2,451,000
Connecticut
Total New Eng10,261,000
land States
16,655,000
New York
6,021,000
New Jersey
11,437,000
Pennsylvania
461,000
Delaware _. « _
3,079,000
Maryland
District of Colum849,000
Total Eastern
38,502,000
States..
4,053,000
Virginia..
_ .
1,973,000
West Virginia
4,580,000
North Carolina
2,440,000
South Carolina
3,880,000
Georgia
4,905,000
Florida _
3,221,000
Alabama. __ _
2,208,000
Mississippi
3,209,000
Louisiana
9,647,000
Texas
1,748,000
Arkansas
3,153,000
Kentucky
3,532,000
Tennessee
Total Southern
States..
48,549,000




86
108
63
354
17
144

$569,313
575,525
340,530
6,525,473
817,844
2,809,298

$305,687
253,127
116,597
3,142,814
321,217
1,113,731

772 11,637,983 5,253,173
543 40,190,319 11,131,699
279 4,098,725 2,266,384
729 8,313,097 3,869,245
22
403,759
243,921
147 1,381,727
911,161
12

712,426

488,425

$78,506
33,852
7,020
380,226
95,575
309,644

$26,349
35,442
3,068
252,780
27,682
134,975

$19,298 $101,794
81,394
9,670
7,079
46,553
101,538 1,250,187
19,333
125,542
65,267 475,453

$14,316
13,589
6,603
103,280
14,572
55,931

825,611 904,823
3,402,545 2,430,173
933,870 372,895
1,278,741 928,293
82,974
36,173
136,390
181,927

480,296
477,572
37,679
84,142
12,185
6,767

222,185 2,080,923
387,079 11,072,487
131,643 1,063,431
239,045 2,677,057
11,050
118,571
51,152
446,495

208,291
607,882
106,749
195,284
12,062
32,137

9,978
8,596
1,667
7,287

16,948

2,385

289,780

23,768

155

$47,606
29,419
29,425
381,880
74,045
263,236

38,630

1,732 55,100,053 18,910,835
309 1,603,500
883,533
183
512,146
496,955
192 1,354,020
623,928
145
429,487
304,724
401 1,434,736
730,236
293 1,990,219 1,574,863
237
903,892
564,296
193
372,830
517,060
882,408
187 1,207,188
988 5,299,240 2,867,896
487,539
236
350,806
358 1,002,976
772,683
297 1,560,549
804,971

5,871,886 3,967,673
221,634
58,384
85,571
12,879
259,014
100,680
30,446
89,641
153,852
47,361
352,192
45,798
206,650
41,033
18,124
195,577
21,878
269,389
783,992 205,725
141,950
28,068
98,428
34,210
241,499
42,642

4,019 18,302,552 11,230,129

3,099,389

687,228

24,890

620,730
5,830
2,966
4,138
1,392
4,950
6,656
3,110
1,441
4,395
23,196
1,564
3,229
5,345

844,859 15,667,821
64,807
629,206
32,682
251,093
636,508
73,053
29,324
210,307
49,751 674,325
90,269 1,040,185
45,935 422,100
33,964
282,288
55,081 707,957
165,303 3,182,182
24,930 315,036
548,785
48,005
767,191
65,220

977,882
44,987
15,440
40,666
13,881
44,074
76,156
24,308
20,404
34,306
224,577
14,223
18,224
37,934

68,212

778,324 9,667,163

609,180

$843
1,510

$843
52

333

1,188
1,815

146

256
330

3,163

3,983

772
909

19,386
1,186
521
829
601

2,704
4,634
1,039
442
614

4,484
10,183
1,064
10,753
1,136
449

$25,892
2,790
14

28,696
535,048
164

7,922
5
270

4,418
28,003
4,954
1,739
1,665

543,409
167

1,586

541

45
793
236
12

3,223
9,440

2,089
75,662

768
420

1,822

54
849
686

93
461

26,815

38,607

81,144

11,235

§
hj
H
W
O
£j

75,054 21,731,497
711,332 ~70~ na± QJ5
40,275 9', 054' 546
60,813 17,671,629
3,512
926,170
55,311 3,204,695

£d

5,510

27

2,068
9,559
3,802

$2,771 $1,167,326
1,098 1,034,678
918
559,314
43,684 12,212,732
4,329 1,503,331
22,254 5,254,116

1,607,335

876,753 103,429,290
8,193 3,526,381
3,066 1,415,058
21,830 3,117,917
3,197 1,113,027
9,502 3,153,604
21,869 5,213,193
5,622 2,222,023
3,037 1,445,720
10,722 3,199,250
35,988 12,884,436
2,200 1,367,138
4,594 2,532,496
7,557 3,535,877
137,377 ^726^120

2
^
j
g
H

O
d
3
2
S
S
3
^

Ohio.

Indiana-.
Illinois
Michigan _.
Wisconsin
Minnesota _
_
Iowa
Missouri. _ _
Total Middle
Western States.
North Dakota
South Dakota
Nebraska
Kansas
Montana
Wyoming
Colorado
New Mexico
Oklahoma
Total Western
States
Washington
Oregon
California
_
_
Idaho
Utah
Nevada
Arizona
Alaska
..
Hawaii
Total Pacific
States
Total United
States (exclusive of possessions)
Canal Zone
(Panama)
Guam
Puerto Rico 3
American Samoa...
Virgin Islands of
the United
States
Total possessions.
Total United
States and possessions
. .

9,824,000
4,694,000
10,350,000
8,059,000
4,065,000
3, 442,000
2,835,000
4,273,000
47,542,000
647,000
692,000
1,473,000
2,162,000
696,000
322,000
1,703,000
895,000
2, 297,000

2,056,813
897,659
3,350,901
1,296,599
784,787
809, 561
561,866
1,434,330

132,325
49,663
86,942
101,465
42,712
43,078
20,501
46,148

915
1,104
5,496
1,942
1,967
1,625
974
1,692

5,832
819
18,877
8,469
4,665
7,435
3,393
2,813

441
32
11,283
1,045
195
1,148
253
1,132

39,809 12,177,944
14,405 5,094, 719
79,562 18,550,152
33,974 9,222,129
22,143 4,868,435
19,712 4,815,571
4,251 3,358,293
19,533 6,589,496

826,030 11,192,516
101,216
8,294
104,505
8,941
374,833
17,899
470,459
31,417
145,014
10,581
84,337
6,260
415,244
25,706
159,460
13,100
669,369
36,443

522,834
7,906
7,623
11,254
20,937
11,004
4,661
17,120
10,172
31,488

15,715
298
294
141
743
446
254
1,034
594
762

52,303

15,529

589
933
2,409
3,029
1,070
571
3,119
689
4,379

233,389 64,676,739
839,891
2,236
789,676
2,397
5,055 1,792,096
3,943 2,509,976
874,202
2,998
442,475
1,582
10,084 2,097,797
749,702
1,603
5,207 2,851,632

17, 230
1,151
8
59,133
353
8,544
187
7,107
444

3,386,092
1,742,335
5,580,768
2,668, 400
1,561,036
1,177,534
869,266
793,924

801,830
250,627
1,343,185
905,020
303,640
306,986
288,701
443,754

111,504
51,561
353,529
27,413
74,809
161,503
33,178
76,247

21,664
6,422
42,638
14,229
4,828
7,512
2,929
22,191

4,923 27,383,168 18,779,355
156
320,472
259,951
173
289,965
308,252
426
503,249
748,654
593
747,877
928,183
116
269,265
353,251
53
152,661
164,024
181
528,247
994,122
52
235,398
288,238
388 1,089,246
757,258

4,643,743

889,744

122,413

85,677
45,386
112,336
270,521
58,608
22,212
88,033
35,430
219,611

52,960
20,946
15,080
32,481
21,938
5,913
7,367
4,893
29,149

590
454
955
383
559
688
671
623

5,434,698
1,984,957
7,506,628
4,030,526
1,998,818
2,232,070
1,521,684
2,673,787

186,021
95,135
170,343
133,047
68,835
47,407
51,297
73,945

887,000
862,000
783,000
878,000
673,000
895,000
285,000
1,267,000
192,000
671,000

2,138 5,133,921
91 1,658,838
54 1,028,077
115 13,520,650
32
313,796
49
504,609
7
206, 302
9
719,032
18
84,127
11
359,023

3,804,392

937, 814
212,461
194,163
1,630,687
44,898
67,336
37, 546
58,435
9,303
45,022

190,727
57,780
15,431
230,559
1,768
5,802
8, 513
22,348
4,032
5,241

16,788
4,973
3,059
76,494
928
1,517
467
1,871
181
2,002

158,641 2,524,437
583,236
34,774
366, 561
19,186
187,678 4,354,828
110,725
8,927
189,363
12,094
49,625
7,341
219,987
18,734
24,797
5,816
115,460
20, 310

122,165
43,759
33,716
294,543
9,760
6,016
7,847
23,544
3,050
13,833

4,566

781,037
577,328
5,462,192
201,756
239,675
124,957
202,633
64,373
163,157

23, 506,000

386 18, 394,454

7,817,108

2, 299, 851

351,474

91,492

314, 860 6,014, 582

436,068

6,359

10,
2,
1,
14,

179, 247,000 13, 970 135, 952,131 65,794,992 17, 678,294 6, 901,669 1,399,931 3,144, 899 47,147,442 2,876,420
40,000
50,000
2, 352,000
21,000
24,000
2,487,000

10
1

1,475
10,641
432,247
274

78,448
2,075

3
14

12,914
457,551

6,185
86, 708

(0
(2)

34,926

23,081

1,131

1,519

7
23,088

115
1,246

36,445

7,721
125
7,059

1,661

862
76, 927

82, 819 217, 554

35,105 12, 947,447
15, 540 3,395,557
10,508 2,249,263
144.240 26,066,466
695,027
i;694
2,020 1,037,140
444,802
l,8fO
11,006 1,285,242
196,621
189
729,306
3,922

105,270

190,979 36,099,424

1,661
732
305
103,248

123

fel
•-d

o

8

W
O

775,709 1,548,657 283,610, 517

1,656
1,109
20,775
86

1,227
282
39, 593
192

13
251
7,215
4

73
462

1

642

17,361
14,431
26,711
57

21,732
26, 787
665,232
2,688

1,040
24,666

3.715
45,009

64
7,547

41
576

5,175
1

642

63,735

30, 775
747,214

181, 734,000 13,984 136,409,682 65,881, 700 17,714,739 7,014, 757 1,401,177 3.169, 565 47,192,451 2, 883,967

1
2 2 branches of a national bank and 2 branches of a State member bank in New York.
Branch of a national bank in California.
3 Asset and liability items include data for branches of a national bank and a State member bank in New York.



1,276
921
2,214
422
164
157
422
309
474

292
434
1,186
386
27

83,395 217,555

3

776,351 1,612,392 284,357, 731

O5

TABLE N O . 42.—Assets and liabilities of all active banks in the United States and possessions, Dec. 31, 1959 {including national. State
commercial, savings, and private banks)—Continued
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

Time
deposits

Total
deposits

Bills payable, rediscounts,
and other
liabilities
for borrowed
money

Acceptances
executed
by or for
account of
reporting
banks and
outstanding

Other
liabilities

Capital
stock i

Surplus

351,775
256,338
144,429
4,487,329
488,108
1,730,951

684,609
649,559
359,885
6,282,065
848, Oil
2,976,633

1,036,384
905,897
504,314
10,769,394
1,336,119
4,707,584

469
2,020
297
1,540

7,458,930

11,800,762

19,259,692

4,915

30,213

406,548

276,142

1,106,008

32,667,108 29,626,775 62,293,883
3,955,952 4,288,736 8,244,688
9,006,540 6,714,204 15,720,744
519,937
297,741
817,678
1,660,451 1,244,433 2,904,884
1,097,914
362,060 1,459,974

253,492
2,725
49,040
200
1,701
3,000

579,470
164
8,259
5
270

1,583,929
159,027
225,169
13,058
41,548
33,566

1,332,882
168,075
393,412
15,977
49,749
30,093

3,645,708
348,844
991,343
65,968
133,267
58,208

48,907,902

42,533,949

91,441,851

310,158

588,168

2,056,297

1,990,188

5,243,338

1,954,301
850 253
2,119,408
813,120
2,128,876
3,478,558
1,449,615
1,021,832
2,272,104
9,280,283
970 426
1,813,670
2,209,397

1,242,185
409 258
668,626
197,504
706,000
1,263,513
567,850
314,440
648,437
2,384,377
279,241
489,704
1,011,702

3,196,486
1 259 511
2,788,034
1,010,624
2,834,876
4,742,071
2,017,465
1,336,272
2,920,541
11,664,660
1,249,667
2,303,374
3,221,099

3,815
793
1,927
170
11,395
39,131
2,854
24
8,552
50,188
35
325
16,975

167
45
796
236
14
2,311
76,988
212
461

44,292
14,068
73,063
12, 547
48,474
60,114
22,763
9,407
33,219
90,521
7,188
19,673
41,666

81,985
35,201
64,757
28,838
76,288
141,475
55,629
26,441
70,419
376,654
33,208
57,184
78,727

142,354
67,797
145,789
44,111
116,563
164,144
78,867
69,901
118,037
433,814
43,165
99,875
118,613

30,361,843

10,182,837

40,544,680

136,184

82,816

476,995

1,126,806

1,643,030

589

27,408
2,791
14

1,586

15,369
17,852
6,960
239,451
36,007
90,909

22,155
9,407
12,878
138,413
24,640
68,649

52,637
55,048
18,658
653,110
87,479
239,076

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

^
Q

£j
^
O
*z
H

3,490
6,549
2,819
49, £04
281
25,190

O
O
g
G
H

560,146

87,833

O

1,095,349
90,245
257,979
12,796
63,889
17,300

180,202
40,778
25,733
438
9,387
5,194

F
M
W
^
O
"

1,537,558

261,732

H
H

51,770
31,482
33,947
14,628
44,517
46,670
38,126
2,215
42,159
154,069
29, 736
47,060
51,201

5,512
6 206
8,814
2,109
21,446
18,792
6,083

H

4,012
37,542
4,139
4,793
7,135

3
*<

587, 580

128,029

36,822
37,905
13,388
333,912
16,014
122,105

1,446

9
d
g
2
g

g

Ohio
Indiana
Illinois
Michigan
Wisconsin
Minnesota
Iowa
Missouri

4,245,564
1,495,681
5,157,509
3,804,319
1,897,827
1,772,619
936,997
1,321,832

11,055,875
4,659,346
16,870,061
8,406,104
4,483,807
4,355,125
3,051,677
5,978,964

1,342
245
43,404
1,870
947
18,955
4,365
10,809

441
32
12,032
1,045
195
1,148
385
1,172

165,669
55,569
179,760
142,014
46,436
57,850
11,972
64,404

289,172
98,436
489,562
209,932
94,435
109, 777
72,893
167,903

490,577
179,975
625,080
308,274
161,874
165,207
111, 529
200,895

168,132
89,007
225,207
131,911
72,182
87,217
94,843
151,288

6,736
12,109
105,046
20,979
8,559
20,292
10,629
14,061

38,228,611

20,632,348

58,860,959

81,937

16,450

723,674

1,532,110

2,243,411

1,019,787

198,411

465,411
482,880
1,392,289
1, 762,225
557,260
281,131
1,359,415
522,565
2,101,164

301,006
241,069
206,673
517,843
248,453
124,140
559, 726
172,146
469,630

766,417
723,949
1, 598,962
2,280,068
805. 713
405,271
1,919,141
694, 711
2,570, 794

614
125
24, -199
5,229
1,410
700
2,988
1,385
22, 544

1,661

7,200
7,084
13,023
11,699
11,409
4,188
21,065
9,495
15,105

18, 235
15,043
44,619
60,408
19,998
6,023
54. 717
15,465
70,070

23, 798
24,389
61,808
94,350
21,392
15,587
63,419
16,454
95,491

17,977
16,595
43, 665
54,457
13,738
9,276
33,138
6,935
70,658

5,650
2,491
5,520
3,765
642
1,430
3,329
5,257
5,309

8,924,340

2,840, 686

11,765,026

59,494

1,661

100,268

304,578

416,688

266,439

33,293

1,814,045
1,179,094
12,949, 775
413,863
563,822
235,904
803,688
110,053
365, 720

1,290,828
861,369
10, 872, 861
231,683
389,951
177,489
368, 621
73,458
293 754

3,104.873
2,040,463
23,822,636
645, 546
953, 773
413,393
1,172,309
183,511
659,474

805
305
106,569

70,943
53,281
509,694
17,803
21,349
9,061
27, 527
4,397
21,343

122,140
63, 674
773,316
17,784
35.311
9,629
43,477
4,475
25,070

50,632
51,841
338,435
7,676
11,989
6,073
15,175
2,286
9,326

7,505
428
11,648
1,068
582
108
958
990
3,851

18,435,964

__
_

6,810,311
3,163,665
11,712,552
_ . 4,601,785
2,585,980
2,582,506
2,114,680
4,657,132

14, 560,014

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
Alaska
Hawaii.

_

_

.
_

Total Pacific States
Total United
sessions)

States
_

123

157

862

32,995,978

31,532

108,664

612,405

735,398

1,094,876

493,433

27,138

624, 220

827,972

4,376,187

5,965,222

11,747,351

4,464,943

736,436

642

127
734
32, 779
27
480

39, 854
100
394

12, 737
25
250

3,499
17
243

1,895
97
88

8

50
30,200
100

(exclusive of pos-

Canal Zone (Panama)
Guam
Puerto Rico __
American Samoa
Virgin Islands of the United States
Total possessions
Total United States and possessions
* Includes capital notes and debentures.




1,000
25

152,317,590 102,550, 596 254, 868,186

_

38,659
39,221
473,968
5,050
14,136
5, 538
25, 648
962
9,223

4,617
11,318
261,966
1,058
15,015

21, 605
26,053
519,194
2,422
29,320

334,620

293,974

628,594

24, 632

642

34,147

40,348

13,012

3,759

2,080

152, 652,210 102,844,570 255,496, 780

- -

16,988
14,735
287,228
1,364
14,305

648,852

828, 614

4,410,334

6,005, 570

11,760,363

4,468, 702

738, 516

(See classification on pp. 170 and 171.)

24,632

o
d
3

TABLE N O . 42.—Assets and liabilities of all active banks in the United States and possessions, Dec. 31, 1959 {including national, State
commercial, savings, and private banks)—Continued
[In thousands of dollars]

00

Loans and discounts
Real estate loans
Location

Secured
by
farm
land
(including
improvements)

Secured
by residential
properties
(other
than
farm)

Secured To domestic
by
comother
proper- mercial
and
foreign
banks

Other

Loans for purchasing or carrying securities
To
brokers
and
dealers
insecurities

Other

Loans to farmers
Directly
guaranteed by
the
Commodity
Credit
Corporation

Other
loans to
farmers
^excluding
loans on
real
estate)

CommerOther
cial and
All
loans to
indusother
individtrial
loans
uals for
loans
(in(includ- personal cluding
ing open expendi- overtures
market
drafts)
paper)

7,907
3,029
3,107
73,764
17,392
41,045

S3
H

Total
gross
loans

valuation

5,923
3,883
3,496
85,993
13,125
29,302

Net loans

1,080
223
49, 721
745
10,517

3,106
1,493
3,906
20, 597
1,119
12, 787

145

920

8,165
3,558
720
257,985
33,459
47,105

11,759 105,945
3,778
60,298
16,729
39,891
10,803 1, 363,239
966
169,961
6,765 339,896

10,542

350,992

62,954

43,008

145

50,800 2,079,230 1,528, 574 146,244 11, 779, 705

141, 722 11,637,983

,988,052 1,895,972
55,936 16,698,995 2, 290, 460 540,214 1,
82,091
300 122,676
15,417 1,917,204 342,993
65, 483
84,849 2,459,085 564,012 14, 579 432, 544
8,670
25,334
10,638
115,069
29, 450
76,295 21,046
28,126
535,486 125, 733 5,500
6,594
89,556
1,520
347
138,087
60,758

495,875
26,339
124,344
2,949
20,807
3,143

876
"143

108, 506 12,467,293 3,435,465 965,012 40,942,656
899,992 65,386 4,181,001
690,612
17,991
93,113 2, 660, 565 1,802,410 181,175 8,482,302
407,390
84,842
119, 513
6,251
4,608
304, 635 20,016 1,399, 738
21,127 240,967
194, 485 23,077
721, 517
241

752,337 40,190,319
82,276 4,098,725
169,205 8,313,097
3,631
403,759
18,011 1,381, 727
9,091
712,426

195,313 21, 863,926 3, 413,406 562,113 2,734,457 2,079,856

673,457

1,430

14,396
2,280

12, 450
13, 697
25,838
8,206
44, 785
42,206
12,305
9,165
10, 706
235, 774

170

51,466
8,186

15,983
21, 426

75
71
516
1
194
2,371
83
24,728
8,665
1,065
1,318

13,260
38.739
33,674
41,187
40,679
26, 814
331,167
49,602
75,762
54,739

459,139

39,257

808,159 6,687,489 5,352,133

Maine
I
New Hampshire
Vermont
Massachusetts
_
Rhode Island
Connecticut
Total New England States

271,680
8,581
6,642 329,457
168,074
17,802
9,669 3,440,622
438,000
2,076
9,057 1, 792, 700

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 S o u t h e r n
States

Loans to financial institutions

53, 776
95,965
34,190
596,882
65,441
166,602

"16

53,827 6, 440,533 1,012,856

138

112,264
45,540
77, 492
34,499
74,603
17b, 998
48, 709
34,478
98,633
206,658
40,132
66,779
74,363

2,781
400
2,202
30
4,478
916
4,615
645
2,156
5,601
22
1,773
5.361

295, 711
14,381
62,837
99,531

486,262 2,000, 056 1,091,148

30,980

991, 693

48, 764
13, 401
41,974
13,069
47,339
26,420
29,496
34,652
26,004
47,400
28,128
73,613
56,002




354,446
151,289
123,361
49,242
187, 900
226,807
113, 531
49,160
136, 519
248,487
55,020
156,160
148,134

60,237
9,713
77,334
14,846
95, 526
110, 412
43,283
14, 493

33,095
3,347

14,050
16, 282
4,277

41,087
3,140
13,056
23,907

103, 511
74,108
59,368
778, 571
101,810
411,206

575,236
579,408
344,026
6,611,466
830,969
2,838,600

569,313
575,525
340,530
6,525,473
817,844

S

o

O

o

245, 586 16,347,643 6,756,500 1,260,917 56,134,6041,034,551 55,100,053
389, 587 534,894 41,594
6,164
93,944 177, 781
461,185 28,112
469,371
13,741
150,372 136,063
479,050 434,983 31,919
689,963 665, 797 33,904
299,433 304,057 24,389
190,284 131,084 14,682
253,608 74,553
492,201
2,461, 504 1,328,321 170, 579
148,108 133,191
6,483
250,063 287,420 14,364
573,609 503, 749 27, 531

1,623,049
522,395
1,382,923
436,746
1,453,888
2,023,380
925,476
529, 779
1,224, 502
5,397,017
493,470
1,018,875
1, 589, 670

488,015 18,621,170

19,549
10,249
28,903
7,259
19,152
33,161
21,584
12, 719
17,314
97,777
5,931
15,899
29,121

1,603,500
512,146
1,354,020
429,487
1,434,736
1,990,219
517,060
1,207,188
5,299,240
487,539
1,002,976
1, 560, 549

318,618 18,302, 552

O

Ohio
Indiana
Illinois
Michigan
Wisconsin
Minnesota
Iowa
Missouri
Total
Middle
Western States___
North Dakota..
South Dakota..
Nebraska
Kansas
Montana
Wyoming
Colorado
New Mexico
Oklahoma

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

110,880 1, 424,332 413,347 4,780 301,370 146,805 165,618
552, 560
15,377
2,715
98,187 38,414
71,965
958,972 302, 670 33,296 732,174 277,832 226,925
69,550
57,032 1, 219,186 290,437
294,673 22, 843 43,021
13,477
85,982
581,107 162,241
1,745 121,707 23,989
11,664
66,324 647,637 117,306 1,765 112, 520
5,662
8,768
75,068 260, 591 74,503
1,727
780 49,238
45,229
64,539
523,138 160, 587 1,591 215,923
29,075

4,680
5,557
11, 766
717
92
8,201
19,211
13,843

601,340 6,167, 5231,649, 580 46,672 1,925,792

64,067 1, 768, 768 7,913,332 6,120,345

3', 513
22,664

57, 691
61,803
44,328
89,855
79, 357
33,546
105, 882
30, 694
73,337

104,295

576,493

13,335
6,385
14,129
28, 444
5,172
2,758

9,955
75
16,154
27, 773
33,868
16,841
12,807
71, 793 2,827
26,070
61,695 '~l~075
276,956

9,250

546,347

2,318
8,543
33,890
37, 524
6,516
2,003
78,853
9,392
72,806

1,001
12, 580
1,200
5
5,'
4,123
10,352

251, 845

34, 749

484,127 134,441
738 103, 663
21,176
72,522
17, 523 256,006
43, 586
130,382 4,322,377 864,004 156, 500 641,289
14, 347
2,r""
6,496
140,489 40, 819
7,:
28,387
46,289 32,250
9,699
16,202 "~1~725
4,071
177,378
25, 294
13,240
25,442
295
118
138, 402 45,958
5,952
4,708

530,079
1,511
725
8,122
5, 497
1,194
1,025
7,799
4,609

39,465
6,823
3,515
69, 849
1,040
6,584
861
846
91
22, 714

6,450
4,011
25,344
35.613
4,221
654
3,136
162
8,875

113,436 1,358,609 1,363,260 126,647
132,566 430,095
519, 797 24,335
361,146 3,186,386 1,366,690 178, 723
97,970 855,892 1,144,903
70,877
115,875 471,943 384, 791 82,456
249,388 564,135
40,427
435,877
518,046 252,153
264, 726 18,671
180,341
39,217
794,119
640,301

66, 797
109,246
298,045
268, 503
72,106
36, 301
159, 536
30,815
121, 518

46,242
52, 641
172, 416
230, 211
70,442
42, 456

5, 533, 764 99,066 5,434,698
2,020,057 35,100 1,984,957
7, 706,130 199, 502 7, 506,628
4,097, 551 67,025 4,030, 526
2,045,405 46,587 1,998,818
2,260,906 28,836 2,232,070
1, 543,482 21, 798 1, 521,684
2, 707,903 34,116 2,673, 787

581,353 27,915,198

532,030 27,383,168

60,483
54,690
125,619
190, 980
100,833
34,414
268,815
83,200
275, 774

2,039
3,364
6,724
5,220
3,632
372
9,649
3,108
34,689

317, 562
762,275
938,684
361, 514
166,341
1, 010,372
296,352
1,104,663

6,945
259,951
9,310
308,252
748, 654
13, 621
928.183
10, 501
353,251
8,263
164,024
2,317
994,122
16,250
288,238
8,114
15,417 1,089,246

88,466 1,162,867 1,416,668 1,194,808

68, 797

5,224,659

90,738

2,890
798
590
2,319
19

100, 666
412,895

5,133,921

490, 695 333,005
73,096
15,130 1,683,977
25,139 1, 658,838
50, 452 363, 776 216, 352
8,133 1,028,077
9,851 1,036,210
461,929 4, 438, 596 2,375,497 204, 660 13,745,410 224, 760 13, 520, 650
4,983
313, 796
64, 754
51, 861
318, 779
2,338
73,885
6,852
504,609
130, 712 112,458
33,988
511, 461
7,343
1,439
206,302
42.195
8,256
207, 741
891
64,002
6,415
719,032
725,447
9,420
194,130
98,074
197,374
3,108
84,127
25,324
394
87,235
285
22,046
2,262
361,285
359,023
7,463
73.196
5,110
57,114

T o t a l Pacific
6,650 783,160 5,823,378 3,451, 733 257,381 18, 677, 545 283,091 18,394,454
States
190,234 5, 689, 2991,233, 783 158,963 863,240 107,401 112, 323
Total United
States (exclusive
24,404,093 2,802, 707 138,352, 881 2,400,750 135,952,131
of possessions)
818,
1, 631,271 42, 737, 830 8, 677, 729 520 7,118, 019 3,018,146 1, 857,471 200, 015 4, 819,340 40,267, 740
1,475
29
Canal Zone (Panama)....
1,475
245
1,201
1
10,641
2
2,743
Guam
10, 641
5, 901
1,994
432,247
434,137
1,019
96, 370
60,253
1,890
6,533
14,070
1,374
120 10, 572 215, 758
Puerto Rico
9,166
10, 902
274
104
274
36
126
American Samoa
Virgin Islands of the
12,914
12,934
549
20
2,177
2,001
United States
6,788
1,331

O

8

o

1,910
1,374
120 10, 583 221, 807 104, 819
459,461
457, 551
69,035
10,497 6,533
14,070
Total possessions... 10, 988
Total United
States and pos24,
1, 642,259 42, 806,865 8, 688,226 825,053 7,132,089 3,018,146 1, 858,845 200,135 4, 829,923 40,489, 547 508,912 2, 812,342 138,812,342 2,402, 660 136,409,682 O 5
sessions




TABLE NO. 42.—Assets and liabilities of all active banks in the United States and possessions. Dec. 31.1959 {including national, State
commercial, savings, and private banks)—Continued
[In thousands of dollars]

Location
Common
stock

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-

Capital
notes
Preand
ferred
deben- stock
tures

Individuals, partnerships,
and corporations

U.S.
Government

100
75
1,071
200

289,81$
202, 441
116,714
3,435, 639
419, 768
1,463,447

12,937
11,331
5,628
159,832
18, 930
69,138

5,927,825

22,055
9,332
11,807
138, 213
24, 640
68 649

Banks in
foreign
countries

10,441
10,683
2,107
403,451
10, 829
49, 475

10
32,157
1,466
63

486, 986

33, 696

Certified
and
cashiers'
checks,
etc.i

Individuals, partnerships,
and corporations

U.S.
Government

Postal
savings

States
and
political
subdivisions

6,201
4,164
3,946
75,272
7,203
46,247

680,131
648.400
357, 047
6,238,221
845, 219
2, 971, 935

1,040
315
87
4,970
949
1,473

7
10
3
872
146
30

3,390
814
2,724
18,167
1,672
2,306

889

1,068

29,073

1,159

19, 675

230,677 128, 382
240
49,192
664
81, 518
12, 666
17, 987
54

951,864
25
9,350

277, 796

589,594

143,033 11, 740, 953

8,834

1,085,658
385,654
397,412
34,631
142,329
140

3,674. 342 1,352,079 1,702,815 28, 282,395
494
100,224 4,236,236
82,873
32, 641
142, 508 6, 616,667
695, 633
9,933
284,390
9,846
17,135 1,218,843
100, 254
1,466
342, 606
16, 517
5, 581
58,222

33,457
3,043
5,011
685
7,532
17,672

3,820

37,020,278 1,839,237

2,045,824

4, 621,170 1, 392, 261 1,989,132 40, 981,137

1,483,381
656,273
1, 535,400
643, 993
1,503,319
2 559,000
1,096,189
694,681
1,484.842
6, 778, 453
764. 538
1,413,396
1, 509,070

60, 580
27,193
77,212
25. 743
66.855
79,147
37,946
21,649
44,602
207, 805
18, 996
46.095
58, 697

167, 506
100,297
160,052
96,995
233,579
398,466
203,119
205,968
423,606
661,607
89,748
126, 537
200,399

201.112
52, 727
308, 225
27, 273
293, 819
390, 661
95,002
93,297
290,089
1, 433, 630
89,126
213, 522
417,352

1,979

1, 931, 811

54, 557

22.122,535

772, 520

3,067,879

175
25
2,000

g, 475.190
2,426, 741
9, 042, 780

292,416
93,533
419, 723

563, 748
433,301
698,325

646
2,959
160
55

80, 920
35, 201
64, 735
28, 788
76, 288
140, 825
55, 629
26,331
70. 387
376, 654
33, 208
57,134
78, 727




32,370
27,719
16,034
380,978
29,912
102.581

Banks in
United
States

23, 597,087 1,255,127
3, 241,479
145,228
7,410, 589
327, 757
432,390
33,137
1 346,953
52 314
991,780
25, 674

1,446
46.852
7,705

288.897
98,167
487, 562

States
and
political
subdivisions

1,065

274, 696
1, 285,384
157, 411
393,252
15 977
49, 694
30,093

22
50
650
110
32
50

Total Southern
States
1,124, 827
Ohio
Indiana
Illinois

Time deposits

Demand deposits

Capital

100
244

994
17
532

Banks Banks
in
in
United foreign
States countries

41
20
24
185

19,650
25

1,250

67,400

1,543

392,040 129,340

1,145,151
407,024
620,056
168, 452
683, 552
1,153, 488
559, 537
309,059
633,236
2,032, 257
276,196
458,356
966, 509

20,361
486
7,395
5,716
5,763
7,960
2,419
1,204
3,368
15,054
458
3,389
1,673

1,411
297
3,273
6
1,207
1,557
47

63
2,206

38,047
13,763
38,426
19,116
31,093
45, 678
16,898
6,234
21,381
179,081
8,018
14,057
21, 673

401
1.160
450
20
219

74,850
1,393
36,062
20, 955
14,387
98, 798
5,087
387
8,989
326,031
1,952
27,870
42,161

412
58
1,840
2,375
1,091
1,710
760
3,790
743
4,875
185
69
1,090

3, 905,835

39,609

453, 465

9, 412, 873

75, 246 10,048

658, 922

18,998

6,750

367, 570
136,582
1,319, 880

8,685
725
43, 678

102, 702
72, 783
188,166

4,085,838
1, 427, 632
4,918, 530

2,617
4,404
11, 551

155,987
60,352
203,419

280
1,887
750

22,260

3,675
93
211
5,606
461
3
7,584
19, 707

842
1,406
999

962, 489

1,700
5,000
50

207,067
91,944
108,900
72 458
167, 258

391
647
275

2.865
2.100
230
435
370

Total Middle
Western States.. 1. 522, 253

1, 657

8,200

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
A laska
Hawaii
Total Pacific
States
Total United
States (exclusive of possessions)...
Canal Zone (Panama)
Guam
Puerto Rico
American Samoa
Virgin Islands of the
United States
Total possessions.-

18.235
15, 043
44, 619
60,408
19,998
5,923
54, 717
15, 465
70,070
304, 478
70,943
53, 281
508, 519
17,803
21, 249
9,061
27, 527
4,397
21,343
734,123

5, 892,188

39,854
100

100

1,175
100

1,275

422,911
184,157
239,179
213, 227
344, 681

222,496
182,000
352,860
150, 810
823,180

11,533
2,427
12,205
3, 758

80, 511
35,320
43,900
32,625
39,282

29,511,027 1,384,377

64
1,031
241
195
522

129,149
16,839
30, 595
1,001
50,853

1,268
398
21
15
2,146

4,000
50

19,916,456 28, 722

5,300

648,195

6, 765

26,910

6

28
27

5
45
888

600

3,099, 529

3, 555, 378

83,011

595, 289

12,142
10,190
45,138
44, 781
15 534
6,473
41 524
22, 766
58,097

62, 727
60,439
118,476
367,802
68, 251
44,387
89 752
88,443
233, 974

14,464
12, 231
156,924
113, 540
31 896
15,093
130 207
17, 768
215,110

34

226

4,787
4,189
14,147
15, 523
7,242
2,294
22, 716
8,067
27, 748

232, 717
224,170
205,267
456,105
235, 753
114,318
524,985
144,608
462,058

411
1,268
Ml
2,927
291
1,112
1,164
2,482
3,859

34
61
2
23
10
312
101

67, 844
15, 597
1,231
58, 743
12, 407
8,687
33, 562
24, 699
2,724

6,718,996

256,645

1,134,251

707, 233

502

106, 713

2, 599,981

13,655

556

225,494

1,000

1,473, 571
934, 495
10,627,186
314, 377
405, 606
185, 567
641,047
81 807
278, 613

51,420
26,027
363,133
7,902
12,819
7, 754
15,019
13 190
25, 575

192,135
148, 796
810,106
79,188
95, 823
33, 548
103,733
11 039
44, 737

69, 218
28,094
489, 276
6,479
42,032
1,377
19, 512
2 366
9,857

6,315
1, 886
139,207

21,386
39, 796
520,867
5,917
7, 539
7,658
18, 249
1, 651
4,754

1,277,507
819,257
9, 570,475
230,496
350,974
150,682
333,243
46,897
214, 749

5,026
264
39, 467
1,146
1, 566
2,030
1,575
11,374
9,193

1,116
9
14
41,061
221 1,007,912
11
30
36,808
553
24, 777
27
27, 776
27
15.160
496
67,906

470
773
17,844

100

1,310

14,942, 269

522,839

1,519,105

668, 211

155,723

627,817 12,994,280

71,641

1, 222, 546

19,237

250,952

38

204

3
6,128
2,184

1,358

7

6,700
236,942

50
6,000

56, 214 16,820 116,242,930 5,053,414 11,456,182 13,944,813 1, 704,802 3, 915,449 97,645,680 265, 498 19, 873 3,176,270 176,499 1, 266, 776
8,307
6,331
195,053
391

8.360
3,146
8.094
140

165
5,030
61, 806
732

8,680
93

394

6,568

205

7,361

19, 945

74, 929

8,774

208

1

216, 650

156
228
13,387
8

1,482
7,519
217,394
1,058

170
373

237, 710

50

2, 874
33,662
4,693

46

19

13, 594

50

41,229

1,372

19

10,257

13,949

3,135
925
9, 534

1,326

56, 214 16,820 116,459, 580 5,073,359 11,531,111 13,953, 587 1, 705,175 3,929,398 97,883,390 279,092 19, 923 3,217,499 177, 871 1, 266, 795

Includes dividend checks, letters of credit, and travelers' checks sold for cash.




1,781
2,159
1,256
1,114
3,840

3,668,057
1,877,350
1, 740, 506
934,672
1,263,871

371,257
395,831
1,057,566
1, 220, 579
434 337
212,884
1,075 012
385, 521
1, 566,009

40,348

Total United
States and possessions
- . 5,932, 536
1

100

201,518
95,868
101,626
57, 764
121,929

3, 662, 816
2,086,208
1,832, 736
1, 660, 254
3,324,302

TABLE N O . 43.—Assets and liabilities of active national banks, Dec. 31, 1959
ASSETS
[Dollarfiguresin thousands]

Loans and
Num- discounts,
ber of including
overbanks
drafts

Maine
New Hampshire
Vermont
Massachusetts-._
Rhode Island
Connecticut

28
51
32
103
4
24

$170,985
144,634
118,548
1,981,459
291,657
568, 947

78,094
56,353
908,811
127,803
253,528

$14,968
16,334
13,162
184,232
46,671
97,555

242

3,276,230

1,512,927

372,922

249
164
473
3
52
5

Location

U.S.
Government obligations,
direct and
guaranteed

6,418,536 2,282,474
1,821,600 1,170,952
4,302, 584 2,173,630
3,568
2,848
393,453
321,918
388,955
290,250

918,948
536,072
789,449
408
75,710
25,020

6,242,072 2,345,607
490, 566
264,602
169,867
186,276
314,628
940,972
363,245
101,701
543,655
2,164,981
169,005
295,931
544,272

124,826
38,903
51,629
41,572
78,629
208,941
142, 547
44,625
127,195
570,868
72,770
50,757
142,135

1,251 11,398, 509 3, 549,701 1,695,397

_-_
_

Total New England
StatesNew 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

13,328,696
130
77
39
25
52
106
69
27
42
466
55
88
75

-




913,541
262,154
341,995
284,081
1,268,841
674,643
149,971
818,511
4,134,286
250,147
376,721
1,095,420

ObligaOther
tions of
States
bonds,
and po- notes and
litical
debensubtures
divisions

$7,455
2,721
3,008
24,261
1,857
8,310

Balances
with other
banks
including
including Currency reserve
stocks of and coin balances
and cash
Federal
items in
Reserve
process of
banks
collection
Corporate

Investments
and other Customassets in- ers' liadirectly bility on
represent- accepting bank ances outpremises standing
or other
real estate

H
O
Other

$1,179
446
433
15,152
2,392
5,166

Total
assets

$6,165
4,502
2,879
39,438
7,823
18,654

$143
195
85
305
79
2,185

$148
52
773
1,242
330

$22,728
2,330
2

1,282,170

79,461

2,992

2,545

25,060

24,768

6,742,473

2,432,755
1,555,084
1,236
222,074
171,068

128, 783
53,719
113,205
152
12,523
16,538

2,533
1,126
2,512

4,650
801
3,661

70,344
96
5,433

125,634
15,997
29,609

368
120

356

127

3,882
1,970

12,641,668
4,373,311
9,275,375
8,724
1,068,278
918,041

4,981,043

324,920

6,659

9,468

76,000

177,092

28,285,397

390,687
33,354
139,294
16,431
164,794
18,704
141,458
14,890
405,758
17,327
785,378
49,326
324,466
30,502
93,853
8,472
475,467
24,942
104,814 2,602,255
165,832
10,854
206,936
18,722
577, 759
39,821

25,302
8,658
10,249
10,179
24, 580
45,954
17,921
4,873
22,468
171,387
8,722

1,6
417
419

167

1,453
8,961
3,450
500
1,920
8,902
46
800
12

12
451
236
12
2,002
74,638

24,197

995
243
36
398
1,873
2,960
738
66
151
8,908
440
139
547

52
117

4,291
1,492
2,376
2,512
4,896
15,224
4,698
907
8,954
31,573
1,768
2,349
5,682

2,025,266
742,370
775,209
691,650
1,695,296
3,362,659
1,586,460
409,571
2,044,864
10,011,949
689,758
978,347
2,456,307

383,376

17,494

28,519

77,688

86,722

27,469,706

$743
668
427
11,433
1,298
3,468

$6,727
6,567
3,509
46,255
8,540
26,151

47,612

18,037

97,749

125,501
92,293
140,213
292
17,848
8,410

36,743
7,453
23,860
20
1,989
1,606

94,767
74,376
136,135
200
18,030
14,104

384,557

71,671

337,612

35,864
8,614
13, 567
9,050
14,518
29,934
21,179
3,779
15,807
119, 726
8,940
15,156
21,807

4,034
1,562
1,572
1,234
3,424
5,717
2,835
812
3,792
19, 611
1,234
1,898
4,538

317,941

52,263

388,159

$52,969
61,523
28,345
860,058
64,060
215,215

Real
Bank
estate
premises owned
owned,
other
furniture
than
bank
and
fixtures premises

6,473,937

$349,820
315,736
227,522
4,095,374
554,510
1,199, 511

O
O

o
3
Q

Ohio
Indiana _ _.
Illinois
Michigan...
Wisconsin..
Minnesota..
Iowa
Missouri
Total Middle Western States
North Dakota.
_ South Dakota..
to Nebraska
Kansas
Montana
Wyoming
Colorado
New Mexico...
Oklahoma
Total Western States.

2, 719, 426 1, 768, 223 407,056
1,228, 582
152,297
975,221
5, 409, 573 3,675,376 881,316
1,904,663 1,251,926 433, 589
119,247
870,988
640,116
1,391,386
650, 729 189, 550
443,188
258,645
1,017,689
135,018
592,163

71, 254
30,827
224,306
12,832
36, 420
48,021
14,026
14,831

12,232
5,315
25,402
7,871
3,509
5,308
1,710
4,213

88,562 1,144, 580
627,672
53, 577
108,901 2, 511, 578
731,062
60,056
436,644
24, 493
634,415
23,466
244,805
14, 452
616,800
20,085

71,886
34, 752
52 386
42^ 147
19.366
27,811
7,453
15,117

607
548
3,259
924
1,515
1,159
815
1,150

3,605
77
4,463
8,176
306
7.269
1,615
1,055

1,267 14, 985,495 9,812,399 2,404, 409

393, 592 6,947, 556

222
124
395
74

452, 517

65, 560

270,918

9,977

26, 566

149,189
180,382
516,172
485,644
178,461
120,451
691, 606
196,437
878, 722

124, 560
127,737
303,177
393, 770
134,960
102, 553
359, 641
162, 091
577, 536

26,834
22.948
86, 315
124,214
26,637
15,964
58,536
20, 817
170,242

13,416
8,245
9,169
27,131
10,509
4,795
5,279
2,922
23, 559

565
784
2,124
2,539
598
485
2,478
635
4,211

3,609
4,141
10,135
14,970
4,750
4,493
16,150
7,998
25, 432

58,773
53,490
288, 979
283, 731
74, 111
61,080
304,831
122,255
567, 789

5,155
5,975
8,564
14,016
6,301
3,583
12.632
6,059
28,498

284
194
110
474
297
222
774
489

2, 286, 025

552, 507

105,025

14,419

91,678

1.815,039

90, 783

1, 263, 575 565,884
177,063
472,654
885,589
169,478
10,012,189 3, 744,686 1,146,997
154,931
230, 564
32,361
88,123
255,842
38,647
82, 779
33,211
139,900
41,084
133,821
569. 702
47,831
67,236
7,000
60,952
145,296
17,947

17,728
11,786
181,973
451
3,292
8,259
17,266
2,787
2,361

4,447
2 974
68, 577
768
882
332
1,603
181
450

27,055
13,454
133,236
5,921
4,996
4,465
13,438
4,369
5,106

521, 536
325,913
3,150,026
80,179
85,949
35, 377
168,858
19,660
52,183

245,903

80,214

212,040

4, 439, 681

34
123
169
41
25
77
27
197

Washington.
Oregon
California
Idaho
Utah
Nevada
Arizona
Alaska
Hawaii
Total Pacific States..

104 13, 569,893 5,351,661 1, 663, 788

Total United States
(exclusive of possessions)
Virgin Islands of the
United States

4,541 59,955,887 31, 754, 785 , 034,630 1, 553, 555

Total United States
and possessions

4,542 59,961, 989 31, 760, 970 , 036,149 1, 553, 557




1

6,102

6,185

1,519

2

20.235
11,054
55,011
20,488
7,627
15.217
2,598
8,277

6,307,854
3,119,932
12,961,626
4,474, 512
2,160,404
2,995,420
1,075,896
2,426,807

12,955 140, 507 35, 522, 451

250
400
1,185
264
16

731 3,397,064

188
10
10,055
778
173
1,089
253
409

384,430
406,332
1,230,143
1,349, 788
438, 563
315,148
1,464,204
520, 743
2,289,029

5,699
100
6,594

1,661

1,795
2,036
4,213
3,035
1,923
1,522
6,578
940
4,097

3,532

14,508

1,661

26,139

37,924
29,090
219,808
7,899
1,376
4,985
18,091
2,587
5,715

1,157
745
1,972
16
43
155
9
243
78

490
8
48, 971
28
6,000
187
5,160
287

732 13,690 2,631,281
1,921,192
305 9,196
97,260 108, 914 18,914,609
514,230
1,112
485, 709
559
311,196
1,546
977, 258
8,103
123
152,345
164
291,862
~163~ 1,611

327,475

4,418

61,131

98, 583 144,895

302,164 1, 520, 830 25,939,426 1, 476,933

45, 072

142, 737

3,485

46

302,179 1,521,334 25,942,911 1,476,979

45,113

504

291, 947 600,123 132,618, 089
125

41

15

142, 737

26,199, 682

18,024

291,947 600,248 132,636,113

CO

TABLE N O . 43.—Assets and liabilities of active national banks, Dec, 31, 1959—Continued
LIABILITIES
[In thousands of dollars]

Demand
deposits

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




Time
deposits

Total
deposits

Bills payable, rediscounts,
a n d other
liabilities
for borrowed
money

188,097
216,595
81,087
3,109,081
248,694
834,785

124,105
58,621
122,864
485,281
243,221
248,713

312,202
275,216
203,951
3,594,362
491,915
1,083,498

100
350
118
470
150

4,678,339

1,282,805

5,961,144

7,768,770
2,282,168
5,168,461
3,955
717,007
643,102

3,152,696
1, 707,648
3,026,625
3,887
256,686
185,357

16, 583,463

Acceptances
executed
by or for
account of
reporting
banks and
outstanding

Other
liabilities

Capital
stock i

Surplus

Undivided
profits

Reserves
and retirement
account for
preferred
stock

23,436
2,331
2

5,339
9,408
3,434
89,788
15,398
23,455

12,025
6,469
6,900
88,850
13,490
31,268

12,778
16,059
7,730
223,928
25,456
44,223

6,523
6,942
4,010
57,394
5,910
16,264

853
1,292
1,379
17,146
10
651

1,188

25,769

146,822

159,002

330,174

97,043

21,331

10,921,466
3,989,816
8,195,086
7,842
973,693
828,459

103,679
1,625
5,850
50
300
3,000

80,020
96
5,761

399,878
83,880
116,777

127

9,393
20,286

368,859
93,394
247,280
175
19,296
18,743

571,373
147,499
547,158
525
47,286
33,958

186,185
48,182
146,395
128
13,695
10,469

10,208
8,819
11,068
4
4,488
3,126

8,332,899

24,916,362

114,504

86,004

630,214

747,747

1,347,799

405,054

674,910
212,617
148,930
105,484
293,404
715,950
374, 706
87,963
379,001
1,750,070
137,478
196,831
620,833

1,834,261
667,443
694,327
630,871
1,523,810
3,047,780
1,442,020
378,288
1,859,376
9,033,495
629,611
888,914
2,238,744

1,950
143
550

167

11,060
37,450
2,500
6,050
50,088

12
451
236
14
2,224
75,963

16,400

52
117

24,125
5,950
15,923
10,703
29,335
39,565
18,693
2,695
24,666
71,735
5,413
7,069
27,328

45,223
17,696
16,243
13,375
36,888
84,547
38,795
7,774
40,358
296,731
17,545
23,500
52,405

85,015
34,690
36,448
27,800
63,847
109,403
55,885
20,296
84,634
351,276
23,835
40,229
89,450

30,915
13,515
10,285
7,927
19,012
28,025
23,174
298
26,754
106,607
11,882
16,500
27,699

3,610
2,933
1,432
974
11,332
15 438
5,157
206
802
26,054
1,472
2,083
4,164

19,170,763

5,698,177

24,868,940

126,191

79,237

283,200

691,080

1,022,808

322,593

75,657

3
W

37,713

1,159,351
454,826
545,397
525,387
1,230,406
2,331,830
1,067,314
290,325
1,480,375
7,283,425
492,133
692,083
1, 617,911

M

1

8
0

o

o
W
O

O

!

Ohio
Indiana
Illinois
Michigan
Wisconsin
Minnesota
Iowa
Missouri
Total Middle Western States
North Dakota
South Dakota
Nebraska
Kansas
Montana
Wyoming
Colorado
New Mexico
Oklahoma
Total Western States
Washington
Oregon
California
Idaho
Utah
Nevada
Arizona
Alaska
Hawaii
Total Pacific States
Total United States (exclusive of possessions)
Virgin Islands of the United States
Total United States and possessions
1 See classification on pp. 178 and 179.




5, 710,033
2, 855,980
11, 760, 577
4, 078, 868
1,983, 982
2, 690, 576
986,802
2, 226,162

27,000
1,700
207
18, 325
450

188
10
10, 732
778
173
1,089
385
409

98, 907
34, 379
131,072
72, 738
31,646
46,105
5,354
17, 756

160,080
60,499
362,490
90,151
39, 419
74,286
20,845
59, 503

249, 656
115,618
477,098
163,225
77, 605
102,402
36, 691
78,358

84,843
44, 535
138, 941
61,147
23, 733
53, 924
22,653
40,406

3,540
8,911
53, 716
5,905
3,639
8,713
2,716
4,213

9, 564, 630 32, 292, 980

48, 289

13, 764

437,957

867, 273

1, 300, 653

470,182

91,353

o

8,015
7,531
28, 478
31, 981
9,858
4,203
35, 265
10,100
55, 308

10, 926
13, 457
41,953
51, 281
10,297
11,217
46, 499
11, 050
80,122

5,651
4,928
26, 678
24, 937
6,762
5,853
23, 782
4,353
55, 638

574
542
3,498
2,065
297
1,009
1,076
3,779
4,465

s
i

3, 733, 416 1, 976, 617
811,913
2,044,067
8, 559, 303 3, 201, 274
2, 589, 352 1, 489, 516
688, 854
1,295,128
782, 811
1, 907, 765
242,392
744,410
371, 253
1,854, 909
22, 728,350

607

353, 237
374,012
1,101, 465
1, 228,145
401, 950
288, 429
1, 346,039
482, 389
2,058, 306

20, 019
3,478
1,410
700
474
1,385
22,135

1,661

5,488
5,862
8,052
7,901
7,989
3,737
11,069
7,687
11, 394

5, 980,130

1, 653, 842 7, 633, 972

50,140

1,661

69,179

190, 739

276, 802

158, 582

17, 305

1, 628, 607
1,031,133
9, 308, 468
302, 903
260,140
173, 710
613, 923
85, 711
149, 591

2, 411, 448
782,841
707, 647 1, 738, 780
7, 966, 935 17, 275, 403
480,091
177,188
444, 281
184.141
290, 932
117; 222
895, 686
281, 763
143, 225
57, 514
267, 463
117, 872

805
305
99, 680

30,606
35,159
377, 729
3,014
6,712
3,632
18, 510
910
4,507

62, 750
44,090
351, 019
12, 375
10,075
5,475
18, 667
3,200
6,000

85, 575
55,075
561, 768
12, 617
17,660
5,575
33, 258
3,070
9,000

38, 738
47, 733
242, 222
5,410
6,421
5,524
11,001
1,410
2,553

1,359
6,788
723
560
58
13
530
2,176

227, 539
247,097
965, 809
994, 722
277,007
200, 639
976, 264
369,125
1, 721, 928

125, 698
126, 915
135, 656
233,423
124, 943
87, 793
369, 775
113, 264
336, 378

539

50

123
163

13, 554,186 10, 393,123 23, 947, 309

50

101, 076

480, 779

513, 651

783, 598

361,012

12,207

82, 695, 231 36,925, 476 119, 620, 707
16, 970
9,087
7,883
82, 703,114 36, 934, 563 119,637,677

340, 362

307, 511

2, 048,151
295

3,169, 492
250

5,061, 834
250

1,814, 466
171

340, 362

307, 511

2,048, 446

3,169,742

5,062,084

1,814, £37

255, 566
88
2 5,654

3
o

Ox

TABLE N O . 43.—Assets and liabilities of active national banks, Dec. 31, 1959—Continued
[In thousands of dollars]

Real estate loans
Secured

Location

Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut—

by
farm
land
(including
improvements)

_

New York
New Jersey
Pennsylvania
DelawareMaryland
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

Secured
by
other
properties

Other

and
foreign
banks

Other

22,540
286
8,230

1,902
1,079
1,406
8,039
359
3,821

All
other
loans
(including
overdrafts)

Total
gross
loans

59,834
7,365
51,013
3,054
19,885
8,387
7,870 1,034,802
84,455
873
164,276
2,868

43,576
53,102
32,007
468,688
41,559
190,464

3,934
1,839
1,600
59,368
9,305
27,630

173,611
147,022
120,101
2,032,623
294,776
582,092

Less
valua- Net loans
tion
reserves

2,626
2,388
1,553
51,164
3,119
13,145

170,985
144,634
118,548
1,981,459
291,657
568,947

202,467

8,588

230,700

32,191

16,606

145

30,417 1,414,265

829,396

103,676

3,350,225

73,995

94,621
300
11,229

466,811
27,436
27,833

35,746
13,875
30,704

259

3,323
3,153

13,821
1,836

345

56,067 3,002,355 1,274,170
501,311
412,226
14,115
901,945
75,678 1,625,954
365
264
313
103,042
106,593
8,924
81,924
118,464
20

231,977
38,573
116,689
88
6,433
13,332

6,604,619
1,862,535
4,386,235
3,568
397,156
396,474

186,083
40,935
83,651

1,520

371,821
65,639
223.292
23
32,975
58,944

6,418,536
1,821,600
4,302,584
3,568
393,453
388,955

790,925 107,670

752,694

528,556

95,982

743

155,117 5, 265,856 2,862,757

2,031
300
295

10,366
1,592
7,651
2,323
11,256
12,628
3,858
602
9,793
40,934
2,590
7,276
23,171

7,925
7,732
9,252
3,718
38,205
32,248
10,513
1,533
8,179
208,927
1,016
4,200
18,088

41

510
5,311

38,946
5,919
15,875
12,025
76,955
95,051
41,621
5,569
83,635
278,537
7,886
26,433
92,870

33
13,281
1,784
298
415

28,128
3,265
9,793
4,529
9,447
16,232
21,589
6,820
11,824
212,852
19, 111
30,530
22,345

24,184

781,322

134,040

351,536

15,971

396,465 4,756,874 3,108,091

O

3,276,230

219,365
168,329
323,771
103
40,072
39,285

13,349
7,272
9,379
115,758
23,416
33,293

17,319

464,455

26,403
11,298
62,730
666
10,738
265

825,024
609,433
986,271
1,746
71, 235
77,386

22,641
4,372
5,191
2,668
7,820
7,142
8,813
3,625
4,566
31,036
8,448
16,435
12,588

197, 277
75,862
19,104
17,454
54,628
110,511
69,242
11,978
57,548
168,036
20,825
47,490
62,852

63,513
21,307
18,205
23,091
36,405
100,766
32,855
12,817
53,020
148,660
19,495
26,709
46,029

135,345

912,807

603,772




To
brokers
and
dealers
in securities

Other
loans to
individuals for
personal
expenditures

920

34,515
23,848
39,566
126,232
116,425
123,869

112.100 2, 571,095

To domestic
commercial

Commercial and
indusDirectly Other
trial
guaran- loans to
loans
teed by farmers (includthe
ing open
(exComcluding market
modity loans on paper)
Credit
real
Corpo- estate)
ration

6,105
3,554
122
178,902
16,563
25,454

2,976
1,181
7,733
2,627
1,535
1,267

_.

Total New England
States.._
_.

Secured
by residential
properties
(other
than
farm)

Loans and discounts
Loans
purLoans to finan- chasing for carry- Loans to farmers
or
cial institutions
ing securities

16
7,652

3,055
800
4,350
2,156
5,376

55
1,080

145

139

2
2
115

236,078
54,307
129,884
121,956
323,373
467,333
256,451
58,092
388,726
2,031928
93,376
103,341
492,029

285,748
90,846
125,441
89,031
254,035
422,554
221,736
46, 649
141,845
919, 245
76,505
113,364
321,092

407,092 13,650,587
31,906
2,353
7,481
11,838
22,626
23,453
20,460
5,579
66,003
157,444
2,367
6,540
18,869

924,600
267,855
348,172
288,635
837,807
1,288,718
691,603
153,264
827,328
4, 216,256
253,403
383,126
1,116,559

376,919 11,597,326

3,703
7,519

o

321,891 13,328,696
11,059
5,701
6,177
4,554
9,609
19,877
16,960
3,293
8,817
81,970
3,256
6,405
21,139

913,541
262,154
341,995
284,081
828,198
1,268,841
674,643
149,971
818,511
4,134,286
250,147
376,721
1,095,420

198,817 11,398,509

o
d
3
o

Ohio
Indiana
Illinois
Michigan
Wisconsin
Minnesota
Iowa
Missouri
Total Middle
Western States.__
North Dakota
South Dakota...
Nebraska
___
Kansas
_
Montana
Wyoming
_
_
Colorado
Now Mexico
Oklahoma
Total W e s t e r n
States
Washington
Oregon
California.
Idaho
Utah
Nevada
Arizona
Alaska
Hawaii
Total Pacific States.
Total United
States (exclusive
of possessions)—.
Virgin Islands of the
United States
Total United
States and possessions
,

47,496
21,508
34,392
10, 681
12,175
12,254
10, 651
8,254

682,576 158,799 4,660 168, 591 73,962 32,727
309,251 76,909 2,715 90,105 38,243 10,793
592,152 201,422 27,161 514,157 212,133 133,171
509,047 125, 590
176, 559 12,175 16,612
225,615 47,753
5,031
745 87,904 12, 673
293,274 62,860
5,541
8,070
1,762 109,053
79,063 23,834
857
3,498
650 26,667
42,888 1,591 110,887 21,412 26,289
143,921

157,411 2, 834,899 740, 055 39, 2841,283, 923 376,996
3,187
1,965
6,777
10, 460
1,937
1,685
5,706
1,781
16,255

37,139
41, 733
28,002
36,689
39,736
24,467
71,409
20,947
56,334

49, 753

356,456

236,191

14,706

548, 379 5,294,046 3,368,214

1,672
684
8,204
11,102
1,120
314
1,877
157
4,573

24,121
43,269
174,077
113,238
26,832
22,412
117,675
17, 546
75,145

35,278
40,289
145,215
149, 572
36,842
34,490
208,177
71, 592
364, 689

40,320
37,796
92,620
104,148
60,946
27,039
156,895
57, 547

922
2, 573
5,099
2,365
1,307
268
5.551
i;867
33,472

153,199
187,256
525,733
491,803
182,422
122,318
702,312
202,450
891,401

4,010
6,874
9,561
6,159
3,961
1,867
10,706
6,013
12,679

149,189
180,382
516,172
485,644
178,461
120,451
691,606
196,437
878,722

614,315 1,086,144

775,979

53,424

3,458,894

61,830

3,397,064

12,517
1,200
5
4,002
4,112
10,352

1,231
439
7,724
2,252
109
779
5,721
3,984
7,632

6,460 229,937

33,187

29,871

29,703

18,049
1,817
29,420
2
2,416
2,800

6,328
2,509
34,923
192
4,400
334
846
28
11,131

102
490

673 101,120
16, 566 243, 543 78,114
41,198
14,327 201,640 57,314
90,407 3, 236,084 569,863 149,664 440, 567
9,143
88,851
5,766
1,433
72,913 20,754
14,944
2,757
36,670 19, 711
8,322
379
3,584 145,154 11,911 1, 725 18,198
9, 412
19,875
115
91
51,624 18,349
2,510
2,067
131,611 4,096,354

48,340| 739, 764' 747,880 66,211 2,773,329
53,903 2,719,426
35,826 321,696 321,715 19.067 1,249,808 21,226 1,228,582
181, 767 2, 554, 592 950,121 158', 470 5, 564, 483 154,910 5,409,573
19,169
503,025 515,917
51, 811 1,940, 619 35,956 1,904,663
19,641 231,830
192,891
57,997
894,313 23,325
870,988
81,190 488,425 311,552 34,257 1,410,176
18,790 1,391,386
85,714
109,471
97,305
11,327
451,467
8,279
443,188
242,424 20,891 1,029,940 12,251 1,017, 689
52,975
357,409

2,078
7,866
30, 609
33, 441
4.127
1,785
71, 395
7,146
71, 490

7,176
75
10,642
21,523 "i,"884
15, 750
8,266
9,074
53, 747
157
15,771
51,716 "1,075
193,665

2,323
1,980
4,945
33
58
1,938
2,430

794, 571 152,062

632,740

55,40^

60,691

603, 539 11,236,066 3,325,455 338,248 3,911,316 1,160,372 790,877




86

3,911

729

3,625 11,239,977 3,326,184 338,248 3,911,316 1,160,372

705
~~34

1,331

328,640 14,985,495

63,964 445,220 299, 039 13, 927 1,286,645 23,070 1,263,575
43,964 334,281
885,589
892,255
8,017
6,666
375,127 3,366,160 1,710,268 180,983 10,183,466 171,277 10,012,189
31,174
42,817
52,066
230,564
234,112
1,963
3,548
13,733
255,842
73,075
47,970
258,705
2,863
5,743
4,422
20,681
46,950
140, 545
139,900
645
276
87, 400 158,889
140,313
569,702
574,435
4,733
5,488
61
67,236
20,785
19, 511
2,804
70,040
162
3,744
145,296
29,562
21,947
1,062
146,358
5,419
4,491,470 2,524,762

221,978 13,786,561

S3
O

216,668 13, 569,893

62, 599 2,368,282 22,308, 655 13,469,199 1, 583,120
61,157,728 1,201,841 59,955,887
908

790,87'

420,031 15,314,135

453

33

6,122

20

6,102

62, 599 2,368,284 22,309,563 13,469,652 1,583,153 61,163,850 1,201,861 59,961,989

1

00
TABLE N O . 43.—

and liabilities of active national banks, Dec. 81, 1959—Continued
[In thousands of dollars\

Capital
IndividCom- Preferred uals, partstock
nerships,
mon
and corstock
porations

Location

Maine .New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut

States, Banks Banks
States,
Banks Certified Individin
in forPostal and politU.S.
and polit- Banks in in forand
uals, part- U.S.
Govern- ical sub- United
eign cashiers' nerships, Govern- savings ical sub- United eign
divisions States
and corment
divisions States councoun- checks,
ment
tries
etc. 1
porations
tries

30,497
919
59

4,046
3,633
2,612
50,151
2,849
35,010

122,700
57,816
121,893
449,045
242,552
247,108

907
315
54
4,393
310
1,453

7
10
3
861
24

491
480
914
11,187
335
142

31,485

98,301

1,241,114

7,432

905

13,549

601,643 298,976
40,405
145
392,671 25,567

2,875,428
1,678,744
2,963,617
3,887
248,179
175,628

11,542
2,872
3,633

664

399
4,197

377,721
50,545
89,375
39
6,993
9,950

4,260
8,947

532

597,979

937,717 1,132,965 329,284

534,623

7,945,483

31,254

1,196

158,015

41,293
14,747
30,165
15,768
39,852
52,100
29,127
7,625
32,855
174,168
11,723
19,727
46,581

90,180
137,899
53,837
36,418
38, 935
23,303
71,276
16,169
116,450
234,765
274,350
350,540
128, 847
91,761
55,352
41,877
217,867 224,299
493,842 1,347,416
41, 958
72,464
37, 527
52,776
121,501 403,834

24,706
8,162
13,968
17,265
19,498
29,143
14,707
1,594
12,933
141,283
4,321
5,405
16,868

620,770
211,459
135,587
90,962
284,316
660,656
369,463
85,829
372,709
1,469,880
135,856
185,397
593,359

14, 731
296
2,996
4,828
3,092
7,393
1,979
1,164
973
14,878
416
635
1,591

107
161

39,142
673
9,512
9,399
4,899
47,131
2,664
110
3,468
254,464
1,042
10,784
25,271

160
28
835
295
360
709
590
860
100
4,705
135
400

50

408,559

9,177

6,750

157,537
169,185
66,368
2,311,858
210,561
701,008

6,288
10,330
2,968
118,615
9,925
33,896

13,449
23,234
7,566
251,402
20,603
41,017

6,767
10,213
1,573
346,558
3,837
23,795

800

3,616,517

182,022

357,271

392,743

368,630
93,157
247,230
175
19,296
18,743

229
237
50

5,855,233
1,861,565
4,201,006
3,837
553,934
575,320

262,399
86,503
205,565
30
26,842
16,640

372,798
243,005
254,277
49
67,457
131

Total Eastern States

747,231

516

13,050,895

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

45,223
17,696
16,243
13,375
36,888
84,347
38,795
7,774
40,358
296,731
17,545
23,500
52,405

861,727
341,662
439,001
404,909
819,757
1,621,081
802,411
183,877
984,837
5,107,517
361,667
576,648
1,026,921

12,025
6,469
6,100
88,850
13,490
31,268

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

__

Total Southern States




800

158,202

690,880

8,
Time deposits

Demand deposits

200

200

13,532,015

61,382
36,864

515,731 1,741,922 3,033,521

10

3,546
25
84
4,616
461
7,584
19,199
2,206
37,721

309,853

5,216,243

54,972

51
1,143
29
15
162
2,476

o
o

155

19,650

g

77,747
26,008
50,055

14,671
24
56

173,308

4,205

737
61
10

19,650

42

145
10

8,600

E

250

14, 793 182,158

o
d
ft)

1,700
5,000

160,080
Ohio
60, 474
Indiana
360, 990
Illinois
90,151
Michigan. _ _ _
39, 369
Wisconsin
Minnesota
-74, 286
20 845
Iowa
59, 503
Missouri. _
___
Total Middle Western States. 865, 698
North Dakota __
_
8,015
7,531
South Dakota
Nebraska
_
_
_ _ 28,478
_
31,981
Kansas
9,858
Montana
_ _
4,203
Wyoming
35, 265
Colorado
_
_
_
_
_ _
10,100
New Mexico
55, 308
Oklahoma..
._
Total Western States
190, 739
Washington
62, 750
44,090
Oregon
_ __
351, 019
C alifornia
12, 375
Idaho -_
10, 075
Utah
5,475
Nevada _ _ _ _
.
18, 667
Arizona
3,200
Alaska
_ _
_ _
._
6,000
Hawaii__ _
_
__
Total Pacific States
513, 651
Total United States (exclusive of possessions)
3,166, 401
Virgin Islands of the United States
250
Total United States and
3,166, 651
possessions

50

2,885,097
1, 519, 667
6,411,604
2,053, 677
1. 003, 318
1,286,219
517 435
1, 226,037

1, 575

16,903,054

25
1,500

2,012

1 903 217
768,197
3,043,159
1, 424,174
681, 359
769 498
241 014
354,442

1,391
3,985
11, 383
1,353
2,112
1,244
1 099
2,954

160
1,261
959
30
878
68
53
28

71, 704
38, 345
123, 013
63,121
4,117
11 980
226
11, 729

2,100

72,162

358, 786

9,185,060

25, 521

3,437

324, 235

4,317

34

122,920
119,180
134,449
205,802
119,114
80, 332
351, 366
97, 310
330, 587

388
1 176
141
2,909
148
1,098
460
954
2,912

6

91

n

2 359
6 559
1 037
24 672
5 681
6 342
17 939
14 944
2,000

25

226

2,810
2 556
10, 423
8 324
3,962
1 548
13,211
6 064
20, 926

45
788

5,314
725
38,951
10, 627
2,328
12, 205

877, 306 1, 741, 871 2, 775,171

22, 010
50

22,060

193,118
198 365
690,062
665 264
217,269
148 001
780,875
265, 542
1, 260, 636

7,779
6 583
33, 056
28, 782
8,376
5,171
32, 373
19, 028
52, 023

12, 955
29, 371
78, 434
191, 080
32, 353
31, 392
52, 397
61,163
180, 032

10, 843
10,222
153, 796
101, 272
15,047
14, 527
97, 204
17, 328
208, 085

4, 419,132

193,171

669,177

628, 324

502

69, 824

1, 561,060

10,186

202

81, 533

861

1, 324, 777
818, 770
7, 600, 019
229, 955
199 722
133, 042
489, 269
64, 910
110, 642

46, 893
21, 213
258,031
5,788
6,874
5,113
11. 031
10, 921
9,654

170, 593
127, 313
661,170
60,368
36, 047
29, 588
76, 205
6,617
17, 217

5,785
62, 787
1,886
24,810
251, 059 114, 996
2,704
13,280
894
5,741
17,067
1,765
8,558
1,390

17, 772
37,141
423,193
4,088
4 217
5,073
14, 610
1,498
2,130

769, 677
677, 223
6, 958, 719
176,041
168, 455
105, 675
256, 675
36, 528
81,201

5,006
264
34, 758
1,136
1,505
1,980
1,560
11,314
7,261

9
14
202
11
543

1, 059
30 096
733, 848

390
50
11, 842

27
10
10

13 638
9,567
17, 501
9,662
28, 090

375, 518 1,185,118

382,924 129, 798

509, 722

9,230,194

64, 784

826

843, 461

12, 282

241, 576

9,042 1,829, 352
2,820

41, 585
46

472,194
19

10, 971,106
3,091

38

204

62,492, 719 2, 741, 727 6,633,076 8, 345, 648 600,952 1, 881,109
1
3,989
161
52
3,680

34, 379,154 194,149
6,202

29
37
18
10

3

o
6,700
227, 566

I

o1
tr

6,000
1, 310

i
O

3,091

62, 496, 399 2, 741, 888 6, 637, 065 8,345, 649 600, 952 1,881,161

* Includes dividend checks, letters of credit, and travelers' checks sold for cash.




145
125
750
838
338
21

61,016
58, 095
134,475
34, 979
11, 419
31 312
12 104
15, 386

254, 248
364, 768
129, 933
273, 028
525, 289 1,141,000
188, 910
170,244
79, 967
144, 077
349, 276
146,100
59 922
132 153
454, 240
103, 887

162, 973
62, 619
307, 984
130,915
54, 019
82, 653
22 796
53, 347

34, 385, 356 194,149

9,042 1,832,172

41, 631

472,213

d

TABLE NO. 44.—Assets and liabilities of all active banks other than national, Dec. SI, 1959 {includes State commercial, mutual savings, and
private banks)
ASSETS
[Dollarfiguresin thousands]

Location

Loans and
Num- discounts,
ber of including
banks
overdrafts

Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut

57
31
251
13
120

Total New England
States

$32,638
13,085
16,263
197,648
27,374
165,681

$71,051
31,131
4,012
355,965
93, 718
301,334

3, 740, 246 452,689

Balances
with other
Corpobanks
rate
including
stocks,
including Currency Teserv©
stocks of and coin balances
Federal
and cash
Reserve
items in
banks
process of
collection
$25,606
34,774
2,641
241,347
26,384
131,507

$12, 571
3,103
3,570
55,283
10,793
39,116

$48,825
19,871
18,208
390,129
61,482
260,238

Real
Bank
estate
premises owned
owned,"
furniture
than
and
bank
fixtures premises

$8,151
9,087
3,724
63,842
6,749
37,277

Investments
and other Customassets in- ers' liadireetly ^OUiCy '033. Other
assets
represent- accepting bank ances outpremises standing
or other
real estate

$700
1,315
248
2,858
67
1,798

$695
415
573
256

857,211

462,259

124,436

798,753

128,830

440,829
30,226
60,282
12,165
4,778
779

292,312 8, 639,732
57,267
464,605
102,910 1,121, 973
10,850
117,335
33,122
224,421
10,786
118,712

479,099
53,030
82,079
11,910
19,614
7,230

6,063
541
4,775
772
541
35

5,533
263
7,092
1,136
93
4,418

786 41,771,357 12,668, 763 3,526,279 3,583,116

549,059

507,247 10,686,778

652,962

12,727

18,535

191
278
793
203
831
1,674
301
376
463
2,327
328
281
1,275

3,315
1,322
1,246
27
615
598
352
41
1,303
538
8
49
674

9,321

10,088

530 8,361,753

1,939

$3,164
460
12
3,636

$1, 592
652
485
28, 532
1,937
17,088

Total

$817, 506
718,942
331, 792
8,117,358
948,821
4,054,605

50, 286 14,989,024

O

3
W

o
g
O
f

464, 704 585,698 58, 323,247
68 24, 278 4, 681, 235
2,489 31,204 8,396,304
3,512
917,396
5
143 51,429 2,136,417
689, 294
3,540
3

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

96,808
46,668
207,385
48,069
75,223
143,251
64,103
150,952
142,194
213,124
69,180
47,671
99,364

22,520
4,265
87,113
21,396
32,843
15,864
19,854
14,345
6,071
85,999
19,128
19,054
20,835

1,796
1,404
2,566
158
1,526
939
275
629
603
3,585
330
1,331
807

31,4f 3
16,251
54,349
14,434
32,424
40,943
15,433
25,492
30,139
60,489
14,076
29, 283
25,399

238, 519
111, 799
471,714
268,567
254,807
97,634
188,435
232,490
579,927
149,204
341,849
189,432

19,685
6,782
30,417
3,702
19,494
30,202
6,387
15,531
11,838
53,190
5,501
9,338
13,737

2,768 6,904,043 4,680,428 1,403,992

369,287

15,949

390,165

3,193,226

225,804

179
106
153
120
349
187
168
166
145
522
181
270
222
Southern

$398,328 $217,349
430,891
175,033
221,982
60,244
4, 544,014 2,234,003
526,187
193,414
2,240,351
860,203

Obligations of
Other
States
bonds,
and po- notes and
litical
debensubtures
divisions

294 33, 771,783 8, 849, 225 2,483, 597 2,304,672
115 2,277,125 1,095,432 397,798 280,602
256 4,010,513 1,695,615 489,292 788,080
82,682
19
241,073
35,765
400,191
95
589,243 106,217 118,542
988,274
8,538
7
323,471
13,610
198,175

New York
New Jersey
Pennsylvania
Delaware
Maryland
District of Columbia

Total
States

U.S.
Government obligations,
direct and
guaranteed




689, 959
249,992
^,012,025
145,406
606,538
721,378
229,249
367,089
388, 677
L, 164,954
237,392
626,255
465,129

392,967
232,353
454,061
118,448
415,608
633,891
201,051
271,129
338,753
702,915
181,801
476, 752

467,409 699,661

75,143, 893

41
344

3,902
1,574
19,454
685
4,606
6,645
924
2,130
1,768
4,415
432
2,245
1,875

1, 501,115
672, 688
2,342, 708
421,377
1,458,308
1,850, 534
635, 563
1,036,149
1,154,386
2,872,487
677,380
1, 554,149
1,079, 570

3,456

50,655

17,256,414

1,585
33
342
87
1,024

M

9

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

_

Total
Middle
Western States.__

368
330
560
309
461
509
573
546

3,656 12,397,673

North Dakota
South Dakota
Nebraska
Kansas
Montana
Wyoming
Colorado
New Mexico
Oklahoma
Total
Western
States

40,250
20,734
129,223
14,581
38,389
113,482
19,152
61,416

9,432
1,107
17,236
6,358
1,319
2,204
1,219
17,978

97,459
41, 558
61,442
72,991
44,342
23,941
36,845
53,860

912,233
269,987
839,323
565,537
348,143
175,146
317,061
817, 530

34, 556
59,318
23,346
15,267
13,048
31,031

308
556
2,237
1,018
452
466
159
542

2,227
742
14,414
293
4,359
166
1,778
1,758

253
22
1,228
267
22
59

8,966,956 2,239,334

437,227

56,853

432,438

4,244, 960

251,916

5,738

25, 737

2,574

39,544
12, 701
5,911
5,350
11,429
1,118
2,088
1,971
5,590

24
149
285
490
472
86
641
54
168

4,685
4,800
7,764
16,447
5,831
1,767
9,556
5,102
11,011

42,443
51,015
85,854
186,728
70,903
23,257
110,413
37,205
101, 580

2,751
1,648
2,690
6,921
4,703
1,078
4,488
4,113
2,990

14
100
31
269
149
32
260
105
74

42
34
1
122
11

60,439
14,911

723

19,574
3,351
24, 551
13,486
14,516
4,495
1,653
11,256

2,022
25
465

441
361
842
908
1,075
60
3,506
663
1,110

455,461
383,344
561,953
1,160,188
435,639
127,327
633,593
228,959
562,603

1,034

2,722

8,966

4, 549,067

119
176
242
406
121
2
413
66
396

661

699

1,850
1,312
35,326
582
1,461
314
2,903
25
2,311

6,687

46,084

9,899,742

1, 736, 857 1, 518,367

385,307

85, 702

2,369

66,963

709,398

31,382

66
43
78
22
42
4
6
11
10

215,153
395,263
104, 674
142,488
3, 508,461 1,717,506
46,825
83,232
151, 552
248,767
42,178
66,402
68,812
149,330
16, 542
16,891
102,205
213,727

35,398
24, 685
483,690
12,537
28,689
4,335
17,351
2,303
27,075

40,052
3,645
48, 586
1,317
2,510
254
5,082
1,245
2,880

526
85
7,917
160
635
135
268
1,552

7,719
5,732
54,442
3,006
7,098
2,876
5,296
1,447
15,204

61,700
40,648
1,204,802
30,546
103,414
14,248
51,129
5,137
63,277

5,835
4,626
74, 735
1,861
4,640
2,862
5,453
463
8,118

282

4, 824, 561 2,465,447

636,063

105, 571

11,278

102,820

1, 574,901

108,593

1,941

15, 796

9,429 75, 996,244 34, 040,207 8, 643, 664 5,438,114 1,097,767 1,624,069 21,208,016 1,399,487

37, 747

74, 817

13
251
7,215
4

73
462

1

642

17,361
14,431
26,711
57

535

1

642

0)
(2)

Total possessions-_.

10
1

1,475
10,641
432,247
274

2

451,449

1,227
282
39, 593
192

78,448
2,075

34,926

23,081
5

100

536

230

34,926

23,086

1,231

24,162

41, 524

7,501

1,131

Total United States
and possessions.__ 9.442 76.447. 693 34.120.730 8. 678. 590 5. 461. 200 1. 098. 998 1.648.231 21.249. ^40 1.406.988
2 branches of a national bank and 2 branches of a State member bank in New York.
Branch of a national bank in California.
3 Asset and liability items include data for branches of a national bank and a State member bank in New York.
NOTE.—Figures obtained from the Federal Deposit Insurance Corporation,
1
2




10,162
325
2,544

5,988

1,947
157

8

o

483, 762 948, 534 150,992,428

38. 282

74. 818

21,732
26,787
665,232
2,688

o
d

5,050

18

80, 523

6,812

13

1,656
1,109
20,775
86

o

764,276
328,071
7,151,857
180, 797
551,431
133,606
307,984
44,276
437,444

1,407

110,762
127, 870
232,482
442, 539
174, 790
43, 573
302, 516
91,801
210, 524

5,870,090
1,974,787
5,588,526
4,747,617
2,708,031
1,820,151
2,282,397
4,162,689

92,882 29,154,288

58,843
22,438
26,021
146,307
31, 971
6,248
29,497
14,613
49,369

Total Pacific States.

Canal Zone (Panama)
Guam
Puerto Rico 3
American Samoa
Virgin Islands of the
United States

394,774
98,330
461,869
471,431
184,393
117,436
202,365
308, 736

1, 617,869
767,114
1,905,392
1,416,474
920,920
526,805
610, 621
1,201, 761

195,912
162,228
200,072
354,107
134,305
50,108
168,606
73,307
179, 722

118
139
303
424
75
28
104
25
191

Washington, __
Oregon
California
Idaho
Utah
Nevada
Arizona
Alaska
Hawaii
Total United States
(exclusive of possessions)

2, 715,272
756,375
2,097,055
2,125,863
1,127, 830
840,684
1,078,496
1, 656,098

12, 751

63, 610

729,190

i

484.404 1.012.144 151. 721. 618
00

TABLE NO. 44.—Assets and liabilities of all active banks other than national, Dec. 31, 1959 {includes State commercial, mutual savings, and
private banks)—Continued

00

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




Bills payable, rediscounts,
and other
liabilities
for borrowed
money

Acceptances
executed
by or for
account of
reporting
banks and
outstanding

Demand
deposits

Time
deposits

Total
deposits

163,678
39,743
63,342
1,378,248
239,414
896,166

560,504
590,938
237,021
5,796, 784
604,790
2,727,920

724,182
630,681
300,363
7,175,032
844,204
3,624,086

1,670
179
1,070

2,780,591

10,517,957

13,298,548

3,727

24,898,338 26,474,079 51,372,417
1,673,784 2,581,088 4,254,872
3,838,079 3,687,579 7,525,658
293,854
809,836
515,982
987,747 1,931,191
943,444
454,812
176,703
631,515

149,813
1,100
43,190
150
1,401

32,324,439

34,201,050

66,525,489

195,654

502,164

794,950
395,427
574,011
287,733
898,470
146, 728
382,301
731,507
791,729
478,293
121,587
591,486

567,275
196, 641
519,696
92,020
412,596
547,563
193,144
226,477
269,436
634,307
141,763
292,873
390,869

1,362,225
592,068
2,093,707
379,753
1,311,066
1,694,291
575,445
957,984
1,061,165
2,631,165
620,056
1,414,460
982,355

1,865
650
1,377
170
335
1,681
354
24
2,502
100
35
325
575

11,191,080

4,484,660

15,675,740

439

Other
liabilities

Capital
stock i

Surplus

10,030
8,444
3,526
149,663
20,609
67,454

10,130
2,938
5,978
49,563
11,150
37,381

4,444

259,726

117,140

775,834

463,103

66,502

499,450
68
2,498
5
143

1,184,051
75,147
108,392
13,058
32,155
13,280

964,023
74,681
146,132
15,802
30,453
11,350

3,074,335
201,345
444,185
65,443
85,981
24,250

909,164
42,063
111,584
12,668
50,194
6,831

169,994
31,959
14,665
434
4,899
2,068

1,426,083

1,242,441

3,895,539

1,132,504

224,019

160
344

20,167
8,118
57,140
1,844
19,139
20,549
4,070
6,712
8,553
18,786
1,775
12,604
14,338

36,762
17,505
48, 514
15,463
39,400
56,928
16,834
18,667
30.061
79,923
15, 663
33,684
26,322

57,339
33,107
109,341
16,311
52,716
54, 741
22,982
49,605
33,403
82,538
19,330
59, 646
29,163

20,855
17,967
23,662
6,701
25,505
18,645
14,952
1,917
15,405
47,462
17,854
30,560
23,502

1,902
3,273
7,382
1,135
10,114
3,354
926
1,240
3,210
11,488
2,667
2,710
2,971

3,579

193,795

435,726

620,222

264,987

52,372

3,972
460
12

1,585
33
345
87
1,025

39,859

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

10,928
429,182
62,023
194,853

30,299
30,963
9,378
276,518
10,104
105,841

2,637
5,257
1,440
32,358
271
24,539

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w

Ohio
Indiana.
Illinois
Michigan

Wisconsin
Minnesota
Iowa
Missouri

______

______

__

__

_ _.

_.. _ .

__ .

_. __ __
___

Total Middle Western States
North Dakota
South Dakota
Nebraska
Kansas
Montana

240,921
64,357
147,982
145,049
84, 269
62,805
74, 838
122, 537

83,289
44,472
86,266
70, 764
48.449
33, 293
72,190
110,882

3,196
3,198
51,330
15,074
4,920
11, 579
7,913
9,848

2, 686

285, 717

664,837

942, 758

549, 605

107,058

-

_.

409

1,712
1,222
4, 971
3,798
3,420
451
9,996
1,808
3,711

10,220
7,512
16,141
28, 427
10,140
1,820
19,452
5.365
14, 762

12, 872
10, 932
19, 855
43,069
11,095
4,370
16,920
5,404
15,369

12 326
11,C67
16,987
29,520
6,976
3,423
9,356
2,582
15,020

5 076
1,949
2,022
1 700
245
421
2, 253
1 478
844

-

- -

9,354

31,089

113,839

139, 886

107,857

15,988

8,193
9,191
158,675
5,428
11,274
3,586
8,860
1,197
15,343

36, 565
8,599
211, 548
5,167
17,651
4,054
10, 219
1, 405
16,070

11,894
4,108
96,213
2,266
5 568
549
4,174
876
6,773

6,146
428
4,860
345
22
50
945
460
1,675

5,345,842
1,803,366
5,109,484
4,327, 236
2, 499, 825
1, 664, 549
2, 064.875
3, 752,802

735
245
16, 404
170
740
630
3,915
10,809

253
22
1,300
267
22
59

11,067, 718

26,567,979

33,648

237,872
235. 783
426,480
767, 503
280, 253
80.492
383,151
153,440
379,236

175,308
114,154
71,017
284,420
123, 510
36,350
189,951
58,882
133, 252

413,180
349,937
497,497
1,051,923
403, 763
116,842
573,102
212,322
512,488

75
125
4,480
1,751

1,186, 844

4,131,054

507, 987
153, 722
2, 905, 926
54, 495
205, 810
60,267
86,858
15, 941
175, 882

693, 425
301, 683
6, 547,233
165,455
509,492
122,461
276,623
40,286
392,011

4,166,891

2,514

157

699

8,053
4,062
96, 239
2,036
7,424
1,906
7,138
52
4,716

9,048, 669

31,482

7,588

131, 626

221, 747

311,278

132,421

65,625,120 135, 247,479

2S3,858

520,461

2,328,036

2, 795, 730

6,685,517

2, 650,477

642

39,854
100
144

12,737
25

3,499
17
72

1,895
97

o
o

480,870

127
734
32, 779
27
185

E
d

14,931

30, 200
100

6,889

1,000
25

4,617
11,318
261, 966
1,058
5,928

21, 605
26,053
549,194
2,422
12, 350

24, 632

284,387

611, 624

24,632

642

33, 852

40,098

12,762

3, 588

1,992

65,910,007 135, 859,103

308,490

521,103

2,361, 888

2,835,828

6,698, 279

2, 654.065

482,862

Includes capital notes and debentures. (See classification on pp. 186 and 187.)




129,092
37,937
127,072
119,781
55,016
35,491
52,048
108,400

2,268,947
683, 768
1,956,235
2,314,803
1,208,973
989,808
694, 605
950, 579

Wyoming
Colorado
New Mexico
Oklahoma
__. _
_
Total Western States
— 2,944,210
185,438
Washington
147,961
Oregon
-3,641,307
California
Idaho
- - _ - 110,960
303, 682
Utah
62,194
Nevada
_ _
189, 765
Arizona
24,342
Alaska
Hawaii
_ _ _ _ 216,129
4,881.778
Total Pacific States
Total United States (exclusive of posses69,622,359
sions).
16,088
Canal Zone fPanama)
14, 735
Guam
287, 228
Puerto Rico
1,364
American Samoa
6,422
Virgin Islands of the United States
326, 737
Total possessions
69, 949, 096
Total United States and possessions
1

763

66, 762
21,190
18, 688
69, 276
14, 790
11,745
6, 618
46, 648

3,076,895
1,119,598
3,153,249
2,012,433
1,290, 852
674, 741
1,370,270
2.802, 223
15, 500, 261

_ _

•-3
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and liabilities of all active banks other than national, Dec. 81, 1959 {includes State commercial, mutual savings, and
private banks)—Continued

TABLE N O . 44.—

[In thousands of dollars]
Loaas and discounts
Loans to financial institutions

Real estate loans
Secured
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

by
farm
land
(including
improvements)

Secured
by residential
properties
(other
than
farm)

5,605 237,165
305,609
5,461
128,508
10,069
7,042 3,314,390
321,575
541
7,790 1,668,831

Secured
by
other
properties

To domestic
commercial
and
foreign
banks

Other

Loans for purchasing or carrying securities
To
brokers
and
dealers
insecurities

40,427

2,060
4

613

24,811
481,124
42,025
133,309

598
79,083
16,896
21,651

223
27,181

1,816

2,287

Other

Loans to farmers
CommerOther
cial and
loans to
Other
indusDirectly
individtrial
guaran- loans to
uals for
loans
teed by farmers
(ex(includ- personal
the
cluding ing open- expendiComtures
modity loans on market
paper)
real
Credit
estate)
Corporation

1,204
414
2,500
12,558
760
8,966

4,394
724
8,342
2,933

59,935
21,006
27,361
309,883
60,251
220, 742

42,568 8,429,480
733,035 34,338,037
26,813 2,318,466
64,486 4,096,067
6,163
403,822
13,583 1,002,582
9,745
325,043

90,469 11,081,787 3,893,743
249,146
153,509
86,935
39,637
335,744
339,487
47,032
28,416
180,948
155,677
243,243
222,630
82,321
42,982
132,192
84,435
103,475
111, 763
429,576
409,076
56,686
54,732
174,056
146,722
182,657
81,580

853,825 42,484,017 712,660 41,771,357
9,688
8,490
3,811
254,540
249,992
4,548
20,631 1,034,751
22,726 1,012,025
148, 111
145,406
1,903
2,705
616,081
606,538
9,293
9,543
734,662 13,284
721,378
10,451
233,873
229,249
3,929
4,624
376,515
367,089
9,103
9,426
397,174
388,677
8,550
8,497
13,135 1,180,761
15,807 1,164,954
240,067
237,392
4,116
2,675
635, 749
626,255
9,494
7,r
473, 111
465,129
7,982
111,096

577,475
4,525
5,965
16,586
4,488
6,580
9,958
1,792
7,632
2,527
26,847
5, 582
11,783
3,338

687
129
75
69
514
1
79
2,371
50
11,447
6,881
767
903

23,338
4,921
33,091
8,731
29,292
17,442
19,598
33,859
14,990
118,315
30,491
45,232
32,394

107,603

23,286

411,694 1,930,615 2,244,042




210,371

52,799

o
o

67,727 8,361,753
566,254 33,771,783
41,341 2,277,125
85,554 4,010,513
400,191
3,631
988,274
14,308
323,471
1,572

83,213 19,292,831 2,622,481 454,443 1,981,763 1,551,300
4,030
157,169 48, 751
21,291
26,123
750
688
75,427 24,233
3,794
9,029
100
61,459 25,444
36,783 104,257 59,287 1,907
1,024
31,788 11,408
2,821
10,401
30
2,794
133,272 38,198 1,423
39,519
18,571
3,654
19,278 116,296 76,232
15,361
116
419
15,854
44,289
20,683
1,662
265
7,484
37,182 21,661
31,027
8,924
645
45,613
78,971
21,438
9,754
43
57,998
80,451
16,364
153
17,174
225
34,195 20,637
19,680
6,495
550
22
40,070 1,263
57,178 108,670
5,780
36,404
27,434
43,414
736
85,282
6,661
50
6,796

2
Net loans

699,178
664,965
20,383
52,439 9,464,938 2,161,295
3,876
398,681
278,386
900,465
17,435 1,034,611
119,148
4,295
84,578
201,593
12,203
134,374
112,561
221
84,900

617
...
..

487,376

Less
valuation

3,297
430,891
1,495
221,982
1,943
34,829 4,544,014
526,187
10,006
16,157 2,240,351

460,129
12,464
93,640
2,949
6,986
1,307

350,917 1,087,249

Total
gross
loans

401,625
432,386
223,925
4,578,843
536,193
2,256,508

46,111
9,285
20,006
328,437
85,506
175,620

1,954 120,292
36,508 5,976,078 810,389
r
3,971
29,533 15, 873, 2,071,095 445,593 1,616,231 1,429,161
174,664
4,119 1, 307, 771
57,037 54,655
22,119 1,472,814 240,241 3,350 209,252 37,650
29,347
8,670
9,972 113,323
25,311
85,661 5,500
17,388 464,251
43,320 17,723
21,473
3,441
60,701
30,612

26,402

All
other
loans
(including
overdrafts)

3,973
1,190
1,507

14,396
8,087
13,415

8,662

7,023,844

119,801

6,904,043

g

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3

Ohio

Indiana

63,384
50, 457
35,158
46, 351
73,807
54,070
64,417
56, 285

._

Illinois
Michigan. _ __

Wisconsin
Minnesota
_. _ __
_
Iowa
Missouri __
Total MiddleWestern States._. 443,929
North Dakota . ., .. 10,148
4,420
South Dakota
7,352
Nebraska
17, 984
Kansas
3,235
Montana
.
1,073
Wyoming
2,189
Colorado _ _ . _ .
1,732
New Mexico
6,409
Oklahoma
Total Western
States
— .. 54, 542
4,610
Washington
Oregon
_ _ _ 3,196
California
_
_ 39, 975
1,510
Idaho
4,637
Utah
119
Nevada
487
Arizona
204
Alaska. _ .
3,885
Hawaii
Total Pacific States- 58,623
Total United
States (exclusive
of possessions)
, 027, 732
Canal Zone (Panama)
Guam
Puerto Rico
American Samoa _
Virgin Islands of the
United States
Total possessions—
Total United
States and possessions
_.

741, 75
243,30S
366,82C
710,139
355,492
354,363
181,528
379,217

254,548
51,580
101,248
164,847
114,488
54,446
50, 669
117, 699

3,332, 624

909, 525

20, 552
20,070
16,326
53,166
39,621
9,079
34,473
9,747
17, 003

2,779
5,512
6,250
18, US
8, 575
3,733
18,046
10,299
9,979

120
6,135
l,00(
13(

7,388

120
2,670

132,779
8,082
218,017
118,114
33,803
3,467
22, 571
105, 036

72,843
173
65, 699
10,668
11,316
121
870
7,663

132,891
4,584
93,754
26,409
8,446
3,594
5,270
18,940

2,357
3,577
6,821
684
34
6,263
16, 781
12,844

641,869

169, 351

293, 888

49,361 1,220,389 2, 619,286 2, 752,131

240
677
3,281
4,083
2,389
218
7,458
2,246
1,316

63
1,486
11

65,096
96, 740
179,379
78, 801
96,234
168,198
408, 575
127,366

615,380
198,082
416, 569
628, 986
191,900
124,325
179,012
397,877

60,436
5,268
20,253
19, 066
24,459
6,170
7,344
18,326

2, 760,435
770,249
2,141, 647
2,156,932
1,151, 092
850, 730
1,092,015
1,677,963

161,322 12, 601,063

45,163
13,874
44, 592
31,069
23,262
10,046
13, 519
21,865

2, 715,272
756,375
2,097,055
2,125,863
1,127,830
840,684
1,078,496
1,656, 098

203,390 12,397, 673

4,302

42, 676
65,977
123,968
155,265
45,274
13, 889
41,861
13,269
46,373

10,964
12, 352
27,201
80,639
33, 600
7,966
80, 522
29, 074
48,206

20.163
16,894
32,999
86, 832
39,887
7,375
111, 920
25, 653
77,106

1,117
791
1,625
2,855
2, 325
104
4,098
1,241
1,217

113,697
130,306
236, 542
446,881
179,092
44,023
308,060
93,902
213,262

2,935
2,43e
4,060
4,342
4,302
450
5,544
2,101
2,738

110, 762
127,870
232, 482
442. 539
174,790
43, 573
302, 516
91,801
210, 524

548, 552

280
286
398
3,245
1,085
246
2,078
625
1,351

4,778
3,327
17,140
24, 511
3,101
340
1,259

220,037

83,291

2,790

21,908

1, 562

9,594

58, 763

330, 524

418, 829

15,373

1, 765, 765

28,908

1,736,857

240, 584
54,366
1, 086, 293
9,938
67, 576
9, 619
32,224
5,567
86, 778

56,327
15,208
294,141
5,204
20,065
12, 539
4,291
3,828
27, 609

65

2, 543
2,388
200,722
730
13,443
1,377
7,096
3
2,198

144
12
50,317

495
1,006
34, 926
848
2,184
527

2,788
308
590
1,614
19

663

63
11,583

9,132
45,475
29, 495
6,488
86,802 1,072,436
21, 937
20,687
57, 637
20, 255
21, 514
3,834
35,241
10,674
4,539
333
43,634
1,366

33,966
29, 654
665,229
21,819
64, 488
17,052
57, 061
2,535
35,167

1,203
1,834
23, 677
375
1,600
615
3,932
123
2,044

397,332
143, 955
3, 561,944
84, 667
252, 756
67,196
151, 012
17,195
214,927

2,069
1,467
53,483
1,435
3,989
794
1,682
304
1,200

395,263
142,488
3, 508,461
83,232
248,767
66,402
149,330
16,891
213, 727

1, 592, 945

439,212

230, 500

51, 999

51, 632

5, 319

159, 571 1,331, 908

926, 971

35, 403

4, 890, 984

66,423

o

o
o

4,824, 561

6,836

6,901

852
6

1, 501, 764 5,352,274 480,272 3,206, 703 1, 857, 774 1,066, 594

10, 902

1,994
60, 253
2 877
65,124

9,768

9,166

245
5,901
96, 370
126

29
2
9,019
36

1,475
10,641
434,137
274

6,533

14, 070

1,374

120

1
10, 572
8

1, 201
2,743
215, 758
104
1,093

1,724

516

6,812

6,533

14, 070

1,374

120

10, 581

220,899

104, 366

9,602

453,339

, 038, 634 1, 566, 888 , 362, 042 486, 805 , 220, 773 , 857, 774 , 067,968

3

1

137, 416 2,451, 058 17,959, 085 10, 934, 894 1,219, 587 77,195,153 1,198, 909 75, 996,244

602

10, 902




618, 845
108,399
631, 794
352,867
240,113
75,710
154, 848
436, 710

1,890

1,475
10,641
432.247
274
6,812

1,890

451,449

137, 536 2, 461, 639 8,179, 984 11, 039, 260 1, 229,189 77,648,492 1, 200, 799 76, 447, 693

OO

TABLE N O . 44.—Assets and liabilities of all active banks other than national, Dec. 31, 1959 (includes State commercial, mutual savings, and
private banks)—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

Time deposits

Demand deposits

Capital

Capital
PreCom- notes
and
mon
ferred
stock deben- stock
tures
10,030
2,863
5,707
49,363
11,150
37,381

100
75
271
200

116.494

Individuals, partnerships,
and corporations

Government

132,279
33,256
50,346
1,123,781
209,207
762,439

6,649
1,001
2,660
41,217
9,005
35,242

18,921
4,485
8,468
129,576
9,309
61, 564

U.S.

States and
Certified
political
Banks in Banks in
and
subUnited
cashiers'
foreign
divisions
States countries
checks,
etc.i
3,674
470
534
56,893
6,992
25,680

1,660
547
4

2,155
531
1,334
25,121
4 354
11,237

94,243

2,211

Individuals, partnerships,
and corporations
557,431
590,584
235,154
5, 789,176
602, 667
2, 724,827

U.S.

Government
133
33
577
639
20

11
122
30
163

646

2,311,308

95,774

232,323

44, 732 10,499,839

1,402

916, 754 46,852
64,254 7,705
146,022
15,802
30,398
11,350

417
2,722
110

17, 741,854
1,379,914
3,209, 583
428, 553
793,019
416,460

992,728
58,725
122,192
33,107
25,472
9,034

712,860
142,649
143,135
34,582
74,872
9

3,072, 699 1,053,103 1,325,094 25,406,967
42,468
349
49,679 2, 557,492
7,074
302, 962
53,133 3,653,050
9,846
9,894
280, 503
38,872
1,067
10,142
970,664
1,384
21, 358
6,567
166, 978

21,915
171
1,378
685
3,272
8,725

1,184,580 54, 557

3,304

23,969,383 1,241,258

1,108,107

3,488,205 1,062,977 1,454, 509 33,035,654

55

35, 697
17, 505
48,492
15, 413
39 400
56,478
16,834
18, 557
30,029
79,923
15, 663
33,634
26,322

1,065

433,947

1,779




22
50
450
110
32
50

621,654
314, 611
1,096,399
239,084
683, 562
937, 919
293, 778
510,804
500,005
1, 670, 936
402,871
836, 748
482,149

19,287
12,446
47,047
9,975
27,003
27,047
8,819
14,024
11, 747
33,637
7,273
26.368
12,116

77,326
46,460
121,117
25,719
117,129
124,116
74,272
150,616
205,739
167, 765
47,790
89,010
78,898

63,213
16,309
284,922
11,104
59,054
40,121
3,241
51.420
65, 790
86, 214
16,662
160, 746
13, 518

8, 590, 520

256, 789

1, 325,957

872,314

129
68
127
990
3
508
63

1,888

Postal
savings

330
17

Banks Banks
States
in
and
in
political United foreign
subStates coundivisions
tries
41
20
24
40

2,8y9
334
1,810
6,980
1,337
2,164

879

15. 524

1,004

25

152,930 113,711
23,184
216
31, 463
608
12, 666
12
13,782

778, 556
25
750

25

1,000

36,146

347

13,341
5,601
24,458
1,851
11, 595
16, 535
2,191
4,640
8,448
37, 798
3,697
8,652
4,805

524,381
195, 565
484, 469
77,490
399,236
492,832
190,074
223,230
260, 527
562,377
140,340
272, 959
373,150

5,630
190
4,399
888
2,671
567
440
40
2,395
176
42
2,754
82

1,304
136
3,273
6
470
1,496
37

143, 612

4,196, 630

20,274

234,025 114, 547

350
17
421
5
57

35,708
720
26, 550
11, 556
9,488
51, 667
2,423
277
5,521
71, 567
910
17,086
16,890

252
30
1,005
2,080
731
1,001
170
2,930
643
170
50
69
690

7,572

250,363

9,821

780, 331

00

Ohio
Indiana
Illinois
Michigan
Wisconsin
Minnesota
Iowa
Missouri

128,817
37,693
126, 572
116,916
_ _
52, 575
34, 614
51, 613
__. 107, 755

Total Middle
Western States.. 656, 555
North Dakota
South Dakota
Nebraska
Kansas
Miontana
Wyoming
Colorado
New Mexico
Oklahoma

-

Total Western
States
Washington
Oregon
California
Idaho
Utah
Nevada
Arizona
Alaska
Hawaii

--

Total Pacific
States

Total possessions..
Total United
States a n d
possessions
1

1,226
419
168
428
47
12
15
886

682
145
40
34
153
173
142
494

84,283
22,007
80,406
66,02S
12, 722
18, 615
775
39,124

135
1,762

15
46

600

236, 503 10, 731,396

3,201

1,863

323, 960

2,448

4,850

1,977
1,633
3,724
7,199
3,280
746
9,505
2,003
6,822

109, 797
104,990
70,818
250,303
116,639
33,986
173,619
47,298
131,471

23
92

3
27

18
143
14
704
1,528
947

301
10

65,485
9,038
194
34, 071
6,726
2,345
15,623
9,755
724

100

36, 889

1, 038, 921

3,469

354

143, 961

139

507,830
142,034
2, 611, 756
54,455
182, 519
45,007
76, 568
10,369
133, 548

20
4,709
10
61
50
15
60
1,932

17
486

57
10,965
274,064
30
23,170
15,210
10, 275
5,498
39,816

80
723
6,002

794

3,614
2,655
97,674
1,829
3,322
2,585
3,639
153
2,624

25,925

118,095

3, 764.086

6,857

532

379, 085

6,955

9,376

71,349 10, 831 1,346, 918 134, 914

794, 582

175

391
647
275

2, 590,093
907,074
2,631,176
1,609,139
1, 082,890
546, 517
1,142,819
2,098,265

129,443
30, 914
111, 739
70, 603
41, 849
18, 973
34, 968
68, 582

198,980
160,273
173,036
234, 001
104,190
93,079
153,305
240, 794

113,322
6,649
178,880
52,252
37,923
3,584
18, 657
368, 940

3,371

500
2,865
2,050
230
435
370

1,657

6,625

12, 607,973

507,071

10,849

10, 220
7,512
16 141
28, 427
10,140
1,720
19, 452
5,365
14, 762
113 739
8,193
9,191
157, 500
5,428
11,174
3,586
8,860
1 197
15,343
220,472

Total United
States (exclusive
of possessions) _ 2,725,787 56,214
Canal Zone (Panama)
Guam
Puerto Rico
American Samoa
Virgin Islands of the
United States

2,182, 621
659,435
1,875,371
2,243, 883
1,195,991
971,008
693, 658
909,429

100
244

100

100

1,175
100

1,275

13, 729

1,357, 658

780, 207

4,363
3 607
12,082
15,999
7,158
1 302
9,151
3,738
6,074

49, 772
31,068
40,042
176, 722
35,898
12,995
37,355
27,280
53, 942

63, 474

465, 074

78, 909

148, 794
115, 725
3, 027,167
84, 422
205,884
52, 525
151, 778
16,897
167,971

4,527
4,814
105,102
2,114
5,945
2,641
3,988
2,269
15,921

21, 542
21, 483
148, 936
18,820
59, 776
3,960
27, 528
4,422
27, 520

6, 431
3,284
238,217
3,775
28, 752
483
2,445
601
1,299

3, 971,163

147,321

333,987

285,287

53, 750,211 2,311, 687

4, 823,106

178,139
197,466
367, 504
555,315
217,068
64,883
294,137
119, 979
305,373

8,307
6,331
195, 053
391

39,854
100

1,746

3,621
2,009
3,128
12, 268
16, 849
566
33,003
440
7,025

2, 299,864

4,727
906
99

8,360
3,146
8,094
140

530
24, 211
3
387

5, 599,165 1,103, 850 2, 034,340 63,266, 526
165

5,030
61, 806
732

144

2,888

44

212,970

19, 784

70,940

53,963,181 2,331,471

4, 894, 046

8,680
93

208

8,773

373

2,765,885 56,214

13, 729

Includes dividend checks, letters of credit, and travelers' checks sold for cash.




156
228
13, 387
8

1,482
7,519
217,394
1,058

118

3,372

40,098

41,686
14,688
53, 691
45,532
23,901
12, 588
20, 521
23,896

231, 508

19
10

3,135
925
9,534

50

2,874
33, 662

13,594

50

38, 409

4,055

13,897

7
5
24
2
5

5, 607,938 1,104,223 2, 048,237 63, 498, 034

430
60

250
4,000

4
5

9,376

50

100

1,326

1,873
1,326

84,943 10, 881 1,385, 327 136, 240

794, 582

TABLE NO. 45.—Assets and liabilities of active State commercial banks, Dec. 81, 1959l

00
00

ASSETS
[Dollarfiguresin thousands]

Location

Loans and
Num- discounts,
ber of including
overbanks
drafts

Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut

$181,882
78,338
120,815
857,966
228,209

_.

Total New England
States

$104, 568

Obligations of
Other
States
bonds,
and po- notes, and
litical
debensubtures
divisions

45, 796
501.635
100,282
337,913

$17,343
5,990
15,780
134,447
21, 767
130, 731

2,105,819 1,124,123

$5,238
5,224
1,916
17, 786
9,158
11,017

Balances
with other
Corporate
stocks,
including
including Currency reserve
stocks of and coin balances
Federal
and cash
Reserve
items in
banks
process of
collection
$1,494
3,734
1,033
4,337
2,755
8,979

50,339

22,332

242, 573
58,603
107,191
4,861
36,040
8,538

114,830
11,285
34,156
4.055
4,777
779

614 23,357,625

Total Eastern States
-

457,806

179
106
153
120
311
187
168
166
145
513
181
270
222

„
-

8,553,486 2,917,674
392,967
232,353
454,061
118,448
414,936

46,668
207,385
48,069
75,144
143,251
64,103
150,952
142,194
209,051
69,180
47,671
99,364

22,520
4,265
87,113
21,396
32,562
15,864
19,854
14,345
6,071
84,413
19,128
19,054
20,835

6,882,937 4,667,117 1,399,840

367,420

249,992
012,025
145,406
601,237
721,378
229,249
367,089
388,677
149,149
237,392
626,255
465,129

201,051
271,129
338,753
690,276
181,801
476,752

$9,998
1.617
3,058
33, 742
8,174
27,083

$38, 556
8,017
15,196
305,047
53,401
215,057

83,672

Real
Bank
estate
premises owned
other
owned,
than
furniture
bank
and
fixtures premises

$5,372
1,862
2,556
26,355
3,559
19,943

$285
210
134
252
38
215

Investments
and other Customassets in- ers' liadirectly bility on Other
represent- acceptassets
ing bank ances outpremises standing
or other
real estate

415
573
256

$3,164
460
12

$1,195
86
388
8,635
1,329
3,673

$366,626
139,007
207,087
1,893,939
429,388
1,393,232

15,306

4,429, 279

635,274

59,647

1,134

218,222 8,139,929
50,535
430, 760
95,217 1,091.270
10,676
111,266
30,768
210,103
10,786
118, 712

336,623
40,787
70,419
10,025
16,178
7,230

743
461
4,426
575
375
35

5,533
263
7,092
1,136
93
4,418

448,101
68
2,489
5
143

382,104 34,972,051
15, 546 3,234,545
21,505 6,230,681
3,502
745,696
9,893 1,495,758
3,540
689,294

450,806

181,262

6,615

18,535

3,516
330
1,331
807

31, 453
16,251
54,349
14, 434
31,768
40,943
15, 433
25,492
30,139
59,575
14,076
29,283
25,399

238,519
111, 799
471,714
68,849
264,695
254,807
97,634
188,435
232,490
571. 557
149,204
341,849
189,432

19,685
6.782
30,417
3,702
19,283
30,202
6,387
15, 531
11,838
52,602
5,501
9,338
13,737

191
278
793
203
791
1,674
301
376
463
2,299
328
281
1,275

3,315
1,322
1,246
27
615
598
352
41
1,303
538
8
49
674

15,845

388,595

3,180,984

225,005

9,253

10,088

1,796
1,404
2,566
158
1,491
939
275




3
3

o

E

436,090 47,368,025

3,636

41
344

3,902
1,574
19,454
685
4,428
6,645
924
2,130
1,768
4,397
432
2,245
1,875

3,456

50,459

1,585
33
342
87
1,024

Total Southern
2, 721

Total
assets

416,204 10,102,040

326,058

164 17, 569,182 5, 502,965 2,011,246
94 1,436,049
832,260 357,928
244 3,017, 506 1,364. 597 414,813
17
220,013
358,104
21.478
435,476
653,313
98,599
198,175
323, 471
13,610

192

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

U.S.
Government obligations,
direct and
guaranteed

1,501,115
672,688
2,342,708
421,377
1,446,983
1,850,534
635,563
1,036,149
1,154,386
2,828,397
677,380
1, 554,149
1,079,570
17,200,999

d

Ohio .Indiana
Flinois
Michiean
c?i Wisconsin

- - -

£2 Minnesota
i£t Iowa

-

-

.

g Missouri
1
Total Middle Westo
ern States
North Dakota
K South Dakota .
09 Nebraska.
Kansas
Montana...
Wyoming
Colorado .
New Mexico
Oklahoma
Total Western States.
Washington .
Oregon
California
Idaho
Utah
Nevada
Arizona
Alaska
Hawaii
Total Pacific States.
Total United States
(exclusive of possessions)..
_-_
Canal Zone (Panama)
Guam
Puerto Rico 4
American Samoa
Virgin Islands of the
United States
Total possessions...

366
321
560
309
457
508
565
546

2,700,911
722,653
2,097,055
2,125,863
1,115,365
627,251
1,072,088
1,656,098

3,632 12,117,284

5,839,514
1,905,406
5, 588, 526
4, 747,617
2,681,414
1,483,362
2,270,390
4,162,689

2,574

91,365

28,678,918
455,461
383,344
561,953
1,160,188
435, 639
127,327
633,593
228,959
562.603

36,963
19,062
129,223
14, 581
37,264
58,357
19,145
61,416

8,776
1,079
17, 236
6,358
1,264
237
1,219
17,978

97,195
40,954
61,442
72,991
44,114
23, 384
36,656
53,860

911,219
265, 391
839,323
565, 537
346,142
169,468
315,356
817, 530

60,143
14,406
34,556
59,318
23,220
14,421
13, 007
31,031

304
430
2,237
1,018
439
427
159
542

2,227
742
14,414
293
4,359
166
1,778
1,758

253
22
1.228
267
22

8,885,085 2,210,495

59

376,011

54,147

430, 596

4,229,966

250.102

5,556

25,737

118
139
303
424
75
28
104
25
191

110,762
127,870
232,482
442, 539
174, 790
43,573
302.516
91,801
210,524

195,912
162,228
200,072
354,107
134,305
50,108
168,606
73,307
179,722

58, 843
22, 438
26,021
146,307
31,971
6.248
29,497
14,613
49,369

39, 544
12,701
5,911
5,350
11,429
1,118
2,088
1,971
5,590

24
149
285
490
472
86
641
54
168

4,685
4,800
7,764
16,447
5,831
1,767
9,556
5,102
11,011

42,443
51,015
85, 854
186, 728
70,903
23,257
110,413
37,205
101, 580

2,751
1,648
2,690
6,921
4,703
1,078
4,488
4,113
2,990

14
100
31
269
149
32
260
105
74

42
34
1
122
11
2,022
25
465

441
361
842
908
1,075
60
3,506
663
1,110

1,407

1,736,857

1,518,367

385,307

85, 702

2,369

66,963

709,398

31,382

1,034

2,722

8,966

4,549,067

62
42
78
22
42
4

112,142
95,672
1,717, 506
46,825
151, 552
42,178
68, 812
16,542
102. 205

32,856
24,291
483,690
12, 537
28,689
4,335
17,351
2,303
27,075

1,023
237
48, 586
1,317
2,510
254
5,082
1,245
2,880

293
85
7,917
160
635
135
268

51,288
39 277
1,204, 802
30, 546
103,414
14 248
51,129
5,137
63,277

4,232
4,264
74,735
1,861
4,640
2 862
5,453
463
8,118

99
169
242
406
121
2
413
66
396

771
821

1,552

6,787
5 489
54, 442
3,006
7,098
2,876
5,296
1,447
15,204

661

6
11
10

144,653
111, 776
3, 508,461
83,232
248,767
66,402
149,330
16,891
213,727

277

4,543,239

2,353,434

633,127

63,134

11,045

101, 645

1, 563,118

106,628

1,914

275,620 1,487,675 20,420,780 1,154,026

8,843 50,743,761 27,101,612 7,872,501 1,400,412

10
1

1,475
10,641
432,247
274

1

6,618

12

451,255

(3)

78,448
2,075

34,926

23,081

1,131
100

80,523

34,926

23,081

1,231

1,656
1,109
20,775
86

1,227
282
39,593
192

13
251
7,215
4

525
24,151

205
41,499

17
7,500

Total United States
and possessions
276, 851 1, 511,826 20,462,279 1,161,526
8,855 51,195,016 27,182,135 7,907,427 1,423, 493
1 Includes stock savings banks.
2 2 branches of a national bank and 2 branches of a State member bank in New York,
s Branch of a national bank in California.
< Asset and liability items include data for branches of a national bank and a State member bank in New York,



723

19,497
3,136
24,551
13,486
14,480
3,307
1,652
11,256

394,040
94,959
461,869
471,431
182,486
94,877
202,097
308,736

1,607,986
742, 572
1,905 392
1, 416,474
912,259
491,408
607,233
1,201, 761

699

2,311

354,805
282,081
7,151,857
180,797
551,431
133,606
307,984
44,276
437,444

15,796

6,687

44,514

9,444,281

25, 506

74,817

467,159

73
462

1

642

17,361
14,431
26,711

57

21,732
26,787
665,232
2,688

5,024
63,584

12,489
728,928

10,162
325
2,544
1,947
157

5,988

35,326

582

1,461
314
2,903

535

1

642

26, 041

74,818

467,801

25

646,700 111, 670,569

710,284 112,399,497

TABLE NO. 45.—Assets and liabilities of active State commercial banks, Dec. 31, 1959—Continued
LIABILITIES
[In thousands of dollars]

Demand
deposits

Location

Total
deposits

163,660
39, 702
63,336
1,377,559
239,118
892,634

162, 736
84,296
123,868
277,689
134,187
341,843

326,396
123,998
187,204
1,655,248
373,305
1,234,477

250
100
175
650
100

2,776,009

1,124, 619

3,900, 628

-

Maine
New HampshireVermont
Massachusetts
Rhode Island
Connecticut.-

-

.-.

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

Time
deposits

Bills payAcceptable, rediscounts, executed
and other by or for
liabilities account of
for borreporting
rowed
banks and
money
outstanding

—

_

Total Eastern States

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




Other
liabilities

Capital
stock i

Surplus

and retirement
Undivided account for
profits
preferred
stock and
capital
notes and
debentures

3,972
460
12

7,639
1,023
2,189
62, 218
15,062
41,466

10,130
2,938
5,978
49, 563
11,150
37,331

12,045
5,916
6,289
79,298
23, 748
56,975

37,036
5,559
20,925

963
630
575
5,954
104
1,946

1,275

4,444

129, 597

117,090

184,271

81,802

10,172

24,680,301 5, 748,460 30,428, 761
1, 654, 671 1,285, 611 2,940,282
3,832,881 1, 681,484 5, 514, 365
141,965
515, 982
657, 947
419.964 1,359, 586
939, 622
176, 703
454,812
631, 515

136,313
1,100
42, 790
150
970

479, 784
68
2,498
5
143

770,622
58,520
91,234
13,037
16,308
13,280

959,023
74,681
146,132
15, 802
30,453
11,350

1, 596, 496
112, 380
317,043
46,260
64,496
24,250

574,497
41,686
106,157
12.414
19,003
6,831

26, 555
5,828
10,462
81
4,799
2.068

32,078,269

181,323

482, 498

963,001

1,237,441

2,160,925

760,588

49,793

36, 762
17,505
48, 514
15,463
38, 672
56,928
16,834
18, 667
30,061
78,625
15,663
33,684
26,322

57,339
33,107
109,341

160
344

20,167
8,118
57,140
1,844
19,031
20, 549
4,070
6,712
8,553
18, 751
1,775
12,604
14,338

20,855
17,967
23,662
6,701
25,323
18,645
14,952
1,917
15,405
47,200
17,854
30,560

23, 502

1,902
3,273
7,382
1,135
10,028
3,354
926
1,240
3,210
11,049
2,667
2,710
2,971

3,579

193, 652

433, 700

617, 732

264, 543

51,847

o

794,950
395,427
1, 574,011
287, 733
889, 766
1,146,728
382,301
731,507
791,729
1,963, 722
478,293
1,121, 587
11,149,240

9,454,187 41,532,456
567, 275
196, 641
519,696
92,020
411,820
547,563
193,144
226,477
269,436
627,173
141,763
292,873

1,362,225
592,068
2,093,707
379, 753
1,301, 586
1,694,291
575, 445
957,984
1,061,165
2, 590,895
620,056
1,414,460
982,355

1,865
650
1,377
170
298
1,681
354
24
2,502
100
35
325
575

4,476, 750 15, 625,990

9,956

1,585
33
345
87
1,025

16,311
52,012
54, 741
22,982
49,605
33,403
80, 752
19, 330
59,646
29,163

9,203
4,402
4,677

H
O

H
O

H
o
3
a

Ohio .
Indiana
Illinois
Michigan
£* Wisconsin
2 Minnesota
^ Iowa
f2 Missouri

238,646
59,107
147,982
145,049
82,385
43, 805
74, 612
122, 537

83,070
43,699
86,266
70,764
48,275
32,568
71,959
110,882

3,096
2,343
51,330
15,074
4,912
7,776
7,835
9,848

2,686

283,232

664, 547

914,123

547,483

102,214

409

1,712
1,222
4,971
3,798
3,420
451
9,996
1,808
3,711

10,220
7,512
16,141
28,427
10,140
1,820
19,452
5, 365
14, 762

12,872
10, 932
19, 855
43, 069
11, 095
4,370
16, 920
5,404
15,369

12,326
11,667
16,987
29, 520
6,976
3,423
9,356
2,582
15,020

5,076
1,949
2,022
1,700
245
421
2,253
1,478
844

9,354

31,089

113,839

139,886

107,857

15,988

699

3,527
2,975
96,239
2,036
7,424
1,906
7,138
52
4,716

8,193
9,191
158,675
5,428
11,274
3,586
8,860
1,197
15, 343

12,855
7,483
211, 548
5,167
17, 651
4,054
10, 219
1,405
16,070

8,143
3,240
96,213
2,266
5,568
549
4,174
876
6,773

858
368
4,860
345
22
50
945
460
1,675

7,588

126,013

221, 747

286,452

127,802

9,583

__ _ .
__

Total Pacific States
Total United States (exclusive of possessions)
_ _

500, 795

1, 726, 584

2, 788, 364

4, 303, 389

1,890,075

239, 597

642

127
734
32, 779
27
174

39,854
100
144

12, 737
25

3,499

1,895
97

Total possessions
Total United States and possessions

26,130,985

33,648

175, 308
114,154
71,017
284,420
123, 510
36,350
189,951
58, 882
133,252

413,180
349,937
497,497
1,051,923
403, 763
116,842
573,102
212, 322
512,488

75
125
4,480
1,751

1,186,844

4,131,054

135,832
110,863
2,905,926
54,495
205,810
60, 267
86,858
15, 944
175, 882

321, 229
258, 824
6, 547, 233
165, 455
509, 492
122,461
276, 623
40, 286
392,011

157

4,881, 737

_
__

Total Western States

Canal Zone (Panama)
- __
Guam
Puerto Rico
..
- American Samoa
Virgin Islands of the United States

253
22
1,300
267
22
59

185,397
147, 961
3,641, 307
110,960
303, 682
62,194
189, 765
24,342
216,129

_

__

735
245
16,404
170
740
630
3,915
10,809

2,944,210

-

.

129,092
37,862
127,072
119. 781
55,016
35,491
51,833
108,400

5,318, 277
1, 741,177
5,109,484
4, 327,236
2,475,445
1,352,946
2,053,618
3, 752,802

15, 479, 702 10, 651,283

_

1
Total Middle Western States
©
1 North Dakota
I South Dakota
'Nebraska
_
rfk. Kansas
Montana
Wyoming
Colorado
_
New Mexico
Oklahoma

W ashington
Oregon
California
Idaho
Utah. _
Nevada
Arizona
Alaska .
Hawaii

763

66,345
20,951
48, 688
69,276
14, 619
10,087
6,618
46, 648

2,241,451
631,848
1,956,235
2, 314,803
1,184, 593
678, 641
693,133
950, 579

3, 751,877

8,633,614

31,482

30,645, 560 99,954, 727

267,038

3,076,826
1,109,329
3,153,249
2,012,433
1,290,852
674,305
1, 360,485
2,802,223

237,872~
235, 783
426,480
767, 503
280,253
80, 492
383,151
153,440
379,236

69,309,167
16,988
14, 735
287,228
1,364
6,422
326, 737

„>_ 69, 635,904

30,200
100

6,889

1,000
25

4,617
11, 318
261,966
1,058
5,749

21, 605
26,053
549,194
2,422
12,171

284, 708

611,445

24, 632

642

33,841

40, 098

12, 762

3,516

1,992

30,930,268 100, 566,172

291, 670

501,437

1, 760,425

2,828,462

4, 316,151

1,893, 591

241,589

i Includes capital notes and debentures. (See classification on pp. 194 and 195.)




2,514

24, 632

o
o

g

TABLE NO. 45.—Assets and liabilities of active State commercial banks, Dec. 31, 1959—Continued
[In thousands of dollars]
CO

to

Loans and Discounts
Real estate loans
Secured
by
farm
land
(including
improvements)

Location

Maine
_
New Hampshire.
Vermont
Massachusetts
Rhode Island
Connecticut
Total New
land States

_
Eng-

To domestic
Secured commerby
cial
other
and
properforeign
ties
banks

4,272
1,911
6,587
1,200
287
2,381

52,262
46,981
50,867
107,415
37,339
189,175

19,764
12,195
14,088
69,602
30,635
44,973

138

16,638

484,039

191,257

1,954

Other

Loans for purchasing or carrying securities
To
brokers
and
dealers
in securities

2,060
4
598
79,083
16,896
21,651

223
27,181
459
2,287

120,292

613

Other

Loans to farmers
Directly
guaranteed by
the
Commodity
Credit
Corporation

Commercial and
Other
indusloans to
trial
farmers
loans
(ex(includcluding ing openloans on market
real
paper)
estate)

Total Eastern States.

__

Total Southern States.

All
All other
loans to
other
individloans
uals for
(inpersonal cluding
expendi- overtures
drafts)

4,388
541
6,919
2,933
93
3,852

45,890
6,417
19,116
328,132
84,193
172,826

51,792
9,857
22, 772
236,391
54,241
193,751

18,726

1,086
335
327
11,407
372
6,747

656,574

568,804

30,763

20,274

22,186 1,396,102 440,140 445,394 1,610,398 1
,423,622
3,950 528,368 114,311
57,037 54,655
21,023 524,199 191,824 3,350 209,227 37,650
25,311
9,303
72,142 29,177
8,670
16,174 176,352 60,622 ~5,~566 43,320 17,723
30,612
82
3,441
60,701 21,473

New York
New Jersey
Pennsylvania
DelawareMaryland
District of Columbia
Virginia—
West Virginia
North Carolina
South Carolina
Georgia
___
Florida.
_
Alabama—_
Mississippi-,
Louisiana
Texas
Arkansas
Kentucky
Tennessee

Secured
by residential
properties
(other
than
farm)

Loans to financial institutions

449,174
12,424
93,576
2,949
6,986
1,307

617

52,433 9,314,531
3,876 278,386
16,991 1,033,529
4,295
84,397
12,203 134,324
221
84,900

72,718 2,757,864 857,547 454,244 1,975,905 1,545,761

566,416

687

26,123
9,029
36,783
10,401
38,594
19,278
20,683
31,027
21,438
16,077
19,680
57,178
43,414

349,705 1,085,079




750
100
1,907
30
1,423
116
265
645

157,169
75,427
104,257
31,788
132,192
116,296
44,289
37,182
78,971
79,361
34,195
108,670
85,282

21,291
3,794
61,459
2,821
18,561
15,361

"75
513
1
79
2,371
50
11,265
6,881
767
903

8^924
9,754
16,774

225
22
1,263
50
486,284

129

6,495
36,404

6,796

209,961

6,661
52,799

107,555

23,103

Total
gross
loans

2,706
327
1,105
8,829
8,087
12,582

184,971
78,568
122,602
873,989
232,602
650,225

33,636

2,142,957

valua- Net loans
tion
reserves

3,089
230
1,787
16,023
4,393
11,616

181,882
78,338
120,815
857,966
228,209
638,609

37,138

2,105,819

721,930 17,959,792
26,772 1,474,545
63,059 3,091,866
361,507
6,163
665,044
12,633
325,043
9,745

390,610 17,569,182
38,496 1,436,049
74,360 3,017, 506
3,403
358,104
11,731
653,313
1,572
323,471

90,019 10,930,067 3,786,267

840,302 23,877,797

520,172 23,357,625

153,509
39,637
339,487
28,416
154,923
222,630
42,982
132,192
103,475
424,394
54,732
146,722
81,580

698,449
9,688
254,540
3,811
20,631 1,034,751
148,111
1,903
610,772
8,975
734,662
10,451
233,873
3,929
376,515
9,103
397,174
8,550
12,456 1,164,956
240,067
4,116
635,749
7,824
473,111
8,662

23,338
4,921
33,091
8,731
28,826
17,442
19,598
33,859
14,990
116,551
30,491
45,232

249,146
86,935
335,744
47,032
179,621
243,243
82,321
84,435
111, 763
403,567
56,686
174,056
182,657

409,464 1,924,679 2,237,206

110,099

7,002,730

8,490
4,548
22,726
2,705
9,535
13,284
4,624
9,426
8,497
15,807
2,675
9,494
7,f"
119,793

6,882,937

g
3

o
o

I

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

59,640
47,992
35,158
46,351

732,938
217,574
366,820
710,139
344.289
172,031
181,133
379,217

65,096|
96,019
179,379
78,801
96,234
168,198
16,611 404,509
12,844 127,366
2,357
3,576
6,821
684
34

60,436 2,745,529 44,618
13, 567
5,240
736,220
20,253 2,141,647 44, 592
19,066 2,156,932 31,069
23,261
24,439 1,138,626
6,633
6,170
633,884
7,322 1, 085, 607 13,519
18,326 1,677,963 21,865

132,779
8,082
218,017
118,114
33,803
3,467
22, 571
105,036

72,843 132,8911
171
4,304
65, 699 93, 754
10, 668 26,409
11,316
8,446
121
3,594
870
5,270
7,633
18,940

419,494 3,104,141

887, 562

641,869

169, 351 293,608

10,148
4,420
7,352
17,984
3,235
1,073
2,189
1,732
6,409

20,552
20,070
16,326
53,166
39, 621
9,079
34,473
9,747
17,003

2,779
5,512
6,250
18.118
8,575
3, 733
18,046
10.299
9,979

240
677
3,281
4,082
2,389
218
7,458
2,246
1,316

280
286
398
3,245
1, 085
246
2,078
625
1,351

42,676
65,91"""
123, 968
155,265
45, 274
13,889
41, 861
13, 269
46,373

10,964
12,352
27,201
80,639
33,600
7,966
80,522
29,074
48, 206

20,163
16,894
32, 999
86,832
39,887
7,375
111,920
25, 653
77,106

1,117
791
1,625
2,855
2,325
104
4,098
1,241
1,217

54, 542

220,037

83,291

58, 763 548, 552

330, 524

418,829

15,373

2,788
308
590
1,614
19

9,132
45, 475
29,495
6,488
80,802 1,072,436
21, 937
20, 687
57,637
20, 255
21, 514
3,834
35,241
10, 674
4,539
333
43. 634
1,366

32,646
29,497
665, 229
21,81P
64,488
17, 052
57,061
2, 535
35,167

5,319

159, 571 1,331.908

925,494

36,346
64,024
56, 285

34,549
4,093
13,850
3,196
27,163
11,852
39,975 1,086,293 294,141
5,204
1, 510
9,938
4,637
67,576 20,065
119
9,619
12,539
487
32,224
4,291
204
5, 567
3,828
3,885
86, 778 27,609
58,106 1, 359, 707 393,379

7,388

120

63
1,486
11

2,790

21,908

1, 562

9, 594

65

2,543
2.388
200,722
730
13,443
1,377
7,096
3
2,198

144
12
50, 317
5
852

495
1,006
34,926
848
2,184
527

230,500

51,999

67836

6,901

63
11, 583
51,632

10,902

1,994
60,253
2,757

10,902

65,004

9,768

191, 798
124,235
178,504
397, 877

14,070

1,374

6,533

14,070

1,374

110,762
127,870
232,482
442,539
174, 790

1,765,765

28,908

1,736,857

842
1,834
23,677
375
1,600
615
3,932
123
2,044

146,622
113, 239
3, 561, 944
84, 667
252,756
67,196
151,012
17.195
214,927

144,653
1,
1,463
111,776
53,483 3, 508,461
1, 435
83,232
3,989
248,767
794
66,402
1, 682
149,330
304
16,891
1,200
213, 727

35,042

4, 609,558

66,319

120

245
5,901
96,370
126

29
2
9,019
36

1
10, 572

1,201
2,743
215, 758
104

1,475
10,641
434,137
274

1,724

442

6,618

10, 581

220,899

104,366

9,528

453,14i

982,105 9,075,871 2,909,088 486,606 3,214, 505 1,852, 235 1,050,453 137,182 2, 452, 51518,012, 691 10, 789,877 1,205,232 52,168,360




199,124 12,117,284
2,935
2,436
4,060
4,342
4,302
450
5,544
2,101
2,738

1,093

6,533

2,700,911
722, 653
2,097,055
2,125, 863
1,115,365
627,251
1,072,088
1, C56,098

43,573
302, 516
91,801
210, 524

O

s
a
o

§

4, 543,239

137,062 2,441,934 17, 791, 792 10,685, 511
1,195, 704 51, 715, 215 971,454 50, 743, 761

602

Total possessions

9,166

613, 789
197,153
416,569

49,190 1, 215, 602 2, 618,040 2, 748,911 161, 252 12,316,408

6
"r,63

971, 203 9,010,867 2,899,320 480,073 3,200, 435 1,852, 2351,049,079

Canal Zone (Panama)
Guam
Puerto Rico
_
American Samoa
Virgin Islands of the
United States
Total United States
and possessions

618,845
107,827
631, 794
352,867
240,113
75, 710
154,174
436, 710

120
253, 7951
48,282
101,248 ~6,~ 135
164,847
113, 456 1,000
37, 746
3
50,489
130
117,699

1,475
10,641
432,247
274

a

6,618

1,890

451,255

973,344 51,195,016

h-1
CO
CO

TABLE NO, 45.—Assets and liabilities of active State commercial banks, Dec. 31, 1959—Continued

CO

[In thousands of dollars]
Demand deposits

Capital
IndividCapital
uals, partU.S.
Common notes Prehi p ,
and ferred
Governstock
ment
deben- stock
and cortures
porations

Location

Maine
NewlHampshire
VermontM assachusetts
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

100
75
271
200

10.030
2,863
5,707
49,363

11,150
37,331

46,852
7,705

1,179,580

54,557

431,921




6,643
995
2,659
40,532
8,983
35,000

18,921
4,485
8,468
129,575
9,308
61,564

646

116,444
911,754
64,254
146,022
15,802
30,398
11,350

35,697
17,505
48,492
15,413
38,672
56,478
16,834
18,557
30,029
78,625
15,663
33,634
26,322

132,279
33,223
50,346
1,123,781
209,207
759,686

States
and
political
subdivisions

2,308,522

94,812

232,321

417
2,722
110

17,602,175
1,363,223
3,204,848
428,553
791,080
416,460

990,675
58,574
121,831
33,107
25,377
9,034

712,853
142,382
143,097
34,582
74,863
9

23,806,339 1,238,598

1,107,786

55
3,304

1,065
""22
50
450

110
32
50

1,779

621,654
314,611
1,096,399
239,084
674,894
937,919
293,778
510,804
500,005
1,641,127
402,871
836,748
482,149

19,287
12,446
47,047
9,975
27,003
27,047
8,819
14,024
11,747
33382
7,273
26,368
12,116

8,552,043

256,534

77,326
46,460
121,117
25,719
117,128
124,116
74,272
150,616
205,739
165,798
47,790
89,010
78898

Time deposits

Certified IndividBanks in Banks in
and
uals, partUnited
foreign cashiers' nerships,
States
countries checks,
and corporations
etc.i
3,674
470
534
56,893
6,992
25,680
94,243

1,660
547
4

2,143
529
1,329
25,118
4,081
10,700

161,643
83,976
122,855
270,246
132,064
340,821

2,211

43,900

1, 111, 605

U.S.
Government

102
28
577
639
20

11
122
30

1,366

163

3,057,605 1,029,605 1,287,388 4,688,248
42,468
349
47,675 1,268,368
302,962
7,074
53,069 1,647,021
9,846
9,894
128,638
38,554
8,681
402,888
1,067
21,358
1,384
6,567
166,978

21,915
171
1,378
685
3,272
8,725

3,472,793 .1,039,479 1,413,274

63,213
16,309
284,922
11,104
59,054
40,121
3,241
51,420
65,790
85,699
16,662
160,746
13,518
871,799

129
68
127
990
3
508
63

States Banks Banks
Postal
and
in
in
sav- political United foreign
ings
subdiStates countries
visions
991
320
975
6,815
1,337
972
11,410

50

25
772,706
25
750

17

152,930 112,661
17,038
9
31,407
598
12,642
13,782

227.799 113,273

330

8,302,141

36,146

347

13,341
5,601
24,458
1,851
11,560
16,535
2,191
4,640
8,448
37,208
3,697
8,652
4,805

524,381
195,565
484,469
77,490
398,460
492,832
190,074
223,230
260,527
556,169
140,340
272,959
373,150

5,630
190
4,399
888
2,671
567
440
40
2,395
174
42
2,754
82

1,304
136
3,273
6
470
1,496
37

142,987

4,189,646

20,272

1,000

350
17
421
5
57

35,708
720
26,550
11,556
9,488
51,667
2,423
277
5,521
70,643
910
17,086
16,890

252
30
1,005
2,080
731
1,001
170
2,930
643
170
50
69
690

7,572

249,439

9,821

774,481

198,980
129,443
2,590,093
100
175
128,817
Ohio
158,281
30,826
899,071
244
Indiana
._ 37,618
173,036
111, 739
2,631,176
126,572
500
Illinois
234,001
70,603
1,609,139
116,916
2,865
Michigan
104,190
41,849
1,082,890
52, 575
391 2,050
Wisconsin
93,079
18,973
546, 517
34,614
230
647
Minnesota
152,896
34,968
1,133,444
51,398
435
Iowa_ _
_____
240,794
68, 582
2,098,265
370
275
107,755
Missouri
Total Middle
Western States. 656,265 1,657 6,625 12,590,595 506,983 1,355,257
178,139
49,772
North Dakota
_
4,363
10,220
197,466
South Dakota.._
31,068
7,512
3,607
Nebraska
367, 504
16,141
40,042
12,082
28,427
555,315
176,722
15,999
Kansas
10 140
217,068
35,898
7,158
Montana
64,883
12,995
1,720
1,302
100
Wyoming _
__ _
_
294,137
37,355
9,151
19,452
Colorado
_
_
119, 979
27,280
5,365
3,738
New Mexico
305,373
53,942
6,074
14,762
Oklahoma
Total Western
63,474
465,074
2,299,864
113,739
States
100
21,542
148, 794
Washington
8,193
4,486
21,483
115, 725
4,814
9,191
Oregon _
3,027,167
148, 936
105,102
157, 500
1,175
California
84,422
18,820
2,114
5,428
Idaho. _
205,884
5,945
59,776
11,174
100
Utah
52,525
2,641
3,960
3,586
Nevada151, 778
3,988
27, 528
8,860
Arizona
16,897
2,269
4,422
1 197
Alaska
167,971
15,921
27, 520
15,343
Hawaii.
Total
Pacific
333,987
147,280
3,971,163
1,275
220,472
States
Total
United
States (exclusive
of possessions)... 2, 718,421 56,214 13,729 53, 528, 526 2,307,681 4,818,414
Canal Zone (Panama) _
_
8,360
8,307
5,030
3,146
6,331
Guam
61,806
8,094
195,053
39,854
Puerto Rico..
_
732
140
391
100
American Samoa
Virgin Islands of the
3,372
44
2,888
144
United States
212,970
Total possessions- 40,098
70,940
19,784
Total
United
States and possessions
2, 758, 519 56,214 13,729 53,741,496 2,327,465 4,889,354
i Includes dividend checks, letters of credit, and travelers' checks sold for cash.




113,322
6,649
178,880
52,252
37,923
3,584
18,657
368,940

3,371

780,207

10,849

4,727
906
99
1,746

682
145
40
34
153
173
142
494

82,047
21,525
80,406
66,028
12,658
18,615
775
39,124

135
1,750

15
46

600

235,811 10,318,068

2,888

1,863

321,178

2,436

4,850

3
27

100

23
92

430
60

250
4,000

109, 797
104,990
70,818
250,303
116,639
33,986
173,619
47,298
131,471

18
143
14
704
1,528
947

301
10

65,485
9,038
194
34,071
6,726
2,345
15, 623
9,755
724

36,889

1,038,921

3,469

354

143,961

139

135,705
99,843
2, 611,756
54,455
182, 519
45,007
76, 568
10,369
133, 548

20
4,709
10
61
50
15
60
1,932

17
486

57
10,920
274,064
30
23,170
15,210
10,275
5,498
39,816

50
100
6,002

794

3,614
2,655
97, 674
1,829
3,322
2,585
3,639
153
2,624

25,925

118,095

3,349, 770

6,857

532

379,040

6,302

9,376

70,998 10,831 1,332,827 132,021

788,732

78,909

285,287

1,226
110
168
428
43
12
15
886

1,977
1,633
3,724
7,199
3,280
746
9,505
2,003
6,822

3,621
2,009
3,128
12,268
16,849
566
33,003
440
7,025

6,431
3,284
238,217
3,775
28, 752
483
2,445
601
1,299

2,157,361
608,318
1,875,371
2,243,883
1,171,679
659,841
692,186
909,429

41, 617
14, 502
53, 691
45, 532
23, 901
12,152
20, 520
23,896

530
24,211
3
387

5,583,238 1,080,352 1,990,956 28,310,151

8,680
93

208

8,773

373

156
228
13,387
8

1,482
7,519
217,394
1,058

118

165

3,876
231,329

13,897

5,592,011 1,080,725 2,004,853 28, 541,480

7
5
24
2
5

19
10

3,135
925
9,534

50

2,874
33,662

13,594

50

38,409

4
5

9,376

50

100

1,326

1,873
1,326

84, 592 10,881 1,371,236 133,347

788,732

TABLE NO. 46.—Assets and liabilities of active mutual savings banks, Dec. 31, 1959

CO

ASSETS
[Dollar figures in thousands]
U.S.
ObligaLoans anc Govern- tions of
Other
States
Num- discounts, ment obbonds,
ber of including ligations, and po- notes, and
direct and litical
banks
overdebenguaransubdrafts
tures
teed
divisions

Location

32
33
6
186
8
71

Maine _ _ _
New Hampshire
Vermont
__
Massachusetts
Rhode Island
Connecticut
Total New England
States

$216,446 $112, 781
352, 553
141,104
14,448
101,167
3, 686,048 1,732,368
297, 978
93,132
1, 599, 694
521,487

336

6,253,886

$15,295
7,095
483
63,201
5,607
34,950

$65,813
25,907
2,096
338,179
84,560
290,264

126,631

Balances
with other
Corpobanks,
rate
including
stocks,
including Currency reserve
stocks of and coin balances
and cash
Federal
items in
Reserve
process of
banks
collection
$24,112
31,040
1,608
237,010
23,629
122, 513

$2, 573
1,486
512
21, 541
2,619
11,886

$10,269
11,854
3,012
85,082
8,081
44, 562

Real
Bank
estate
premises owned
owned,
other
furniture
than
and
bank
fixtures premises

$2,779
7,225
1,168
37, 487
3,190
17,248

Investments
and other Customassets in- ers' liadirectly bility or Other
represent- accept- assets
ing bank ances outpremises standing
or other
real estate

$415
1,105
114
2,606
29
1,583

$397
566
97
19,897
608
13,408

Total
assets

$450,880
579,935
124, 705
6, 223,419
519, 433
2,657, 595

806,819

439,912

40,617

162,860

69,097

5,852

34,973 10,555, 967

_ .

128 16,112,165 3,299,238
21
841,076
263,172
7
988, 546
325,112
2
42,087
21,060
334, 961
7
153,767

428,821 2,061,117
39, 870 221,999
73, 539 680,654
77,821
14, 287
82, 502
7,618

317,996
18, 941
26,074
8,110
1

73,814
6,732
7,383
174
2,354

424,898
33,845
29, 463
6,069
14,318

141, 653
12,243
11, 595
1,885
3,436

5,320
80
338
197
166

198 570 23 063 592
8,732 1,446, 690
9,690 2,152,394
10
171, 700
41, 536
640,659

Total Eastern States.-

165 18, 318, 835 4, 062,349

564,135 3,124, 093

258, 538 27, 475,035

New York __
New Jersey
Pennsylvania
Delaware
Maryland
OhioIndiana
Wisconsin
Minnesota .

_

2,615,320

371,122

90, 457

508, 593

170,812

6,101

3,287
1,668
1,125
55,125

656
28
55
1,967

264
475
228
557

1,014
3,671
2,001
5,678

296
479
126
846

4
126
13
39

_ _ _
.. . . .

2
4
4
1

Total Middle Western States

11

271, 926

74, 728

28,238

61,205

2,706

1,524

12,364

1,747

182

1,515

456,135

4
1
5

250, 610
30, 712

103,011
9,002

2, 542
394

39,029
3,408

233

932
243

10,412
1,371

1,603
362

1,079
491

409, 471
45,990

281, 322

112,013

2,936

42,437

233

1,175

11,783

1,965

20
7
27

1,570

455,461

Washington
Oregon
_
Total Pacific States...

14, 361
31, 667
12, 465
213,433

9,883
20, 787
8,661
35, 397

734
3,038
1,907
22, 559

77
214
36
1,188

—r-

Total United States
(exclusive of possessions)
Virgin Islands of the United
States

517 25,125,969

Total United States
and possessions

518 25,126,163




1

6,864,410

194

721,940 4,034,554

813,973

6,864,410

721,940 4,034,559

813,973

133,773

695,600

243,621

11

5

25

133,784

695,625

243,622

12,162

1

296,596 38,942,598
26

12,162

30, 576
62 153
26, 617
336, 789

262

296,622 38,942,860

TABLE NO. 46.—Assets and liabilities of active mutual savings banks, Dec. 81, 1959—Continued
LIABILITIES
[In thousands of dollars]

397,786
506,683
113.159
5, 519, 784
470,899
2, 386,339

119
1,570
4
420

9,392, 799

9,394, 650

2,452

2,546
19,113
361

_

_

___
_

_

Ohio
Indiana
Wisconsin
Minnesota

20, 715, 321
1, 314, 590
2,000,161
151,889
571, 605

6,707

3,822

20, 712, 775
1, 295, 477
1, 999,800
151,889
567, 783

25,842

24, 727, 724

24, 753, 566

Other
liabilities

Surplus l

Undivided
profits

Reserves

27,814
33,073
4,639
349,884
38,275
137, 453

21,096
26, 561
4,701
239,482
4,545
84,916

130,096

591,138

381, 301

431

1, 461, 669
88,965
125,457
19,183
21,485

334,251
377
5,427
254
31,191

141,932
26,131
4,200
353
100

7,138

453,356

1, 716, 759

371, 500

172, 716

2,275
4,850
1,884
19,000

219
583
174
725

100
810
8
3,803

1,674
4,627
865
26, 404
167
22, 593

436

_

Total Pacific States
Total United States (exclusive of possessions)
Virgin Islands of the United States.
Total United States and possessions
i Includes guaranty fund.




O

56,330

403,712
16, 627
17,149
21
15,847

339

2,391
7,421
1,337
87, 445
5.547
25, 955

27,496
50,969
24, 380
311,167

27, 565
55, 690
24, 380
311, 603

417
220
171
1,658

5,226

414,012

419,238

2,466

28,009

1,701

4,721

41

372,155
42,859

372,196
42, 859

4,526
1,087

23, 710
1,116

3,751
868

5,288
60

69
4,721

Total Middle Western States...
Washington
Oregon..

397, 768
506, 642
113,153
5, 519, 095
470, 603
2, 385, 538

1,851

Maine
New Hampshire Vermont
Massachusetts
Rhode Island
Connecticut
Total New England States-

Total
deposits

18
41
6
689
296
801

Location

New York
New Jersey
Pennsylvania
Delaware _Maryland
Total Eastern States

Bills pay- Acceptances
able, redis- executed by
or for
counts, and
other liabili- account of
reporting
ties for
banks and
borrowed
outstanding
money

Time
deposits

Demand
deposits

41

415,014

415,055

5,613

24,826

4,619

5,348

32,960

34,949, 549
179

34,982, 509
179

9,590

591, 531
11

2,360, 732

759,121
72

239,115

32,960

34,949, 728

34,982,688

9,590

591, 542

2,360, 732

759,193

239,115

o
IT*

CO

TABLE NO. 46.—Assets and liabilities of active mutual savings banks, Dec. 81, 1959—Continued
[In thousands of dollars]
Loans and discounts
Real estate loans

Location

Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
C onnecticut
Total New England States
New York
New Jersev
Pennsylvania
Delaware
M! aryland
Total Eastern
States

Secured
by
farm
land
(including
improvements)

Secured
by residential
properties
(other
than
farm)

Loans for purLoans to financial institutions 1 chasing or carrying securities

To doSecured mestic
by
commerother
cial
properand
ties
foreign
banks

Other

To
brokers
and
dealers
insecurities

Other

Loans to farmers
Directly
guaranteed by
the
Commodity
Credit
Corporation

Other
loans to
farmers
(excluding
loans on
real
estate)

Commercial and
industrial
loans
(including openmarket
paper)

All
Other
loans to
other
individloans
uals for
(inpersonal cluding
expendi- overtures
drafts)

1,267
863
402
5,567

1,647

7,719

129,605

6

85, 626
800
181
50

76, 619
3,915
2,512
114
22,386

86,657

105, 546

9,361 18, 511,291 192,456

18,318,835

6
183
1,423

19,866 5,491, 537 619,073

6,128

7,347 14,477,869 1,630,955
169 779,403 60,353
852 947, 561 48,001
669
41,181
170
1,214
287,899
25,039

999
40

10,251 16,533,913 1,764,518

1,039

6

35

8,818
25,093
11,203
182,332

753
3,208
1,032
16, 700

280

63

350

1,591
544
102
90

Total Middle
Western States.. _ 23,992

227, 446

21, 693

280

63

350

2,327

I

a
o

8,143
11,149
4,589
73,492
6,010
26,222

118
79
2,173
1,151
388
2,219




Less
valua- Net loans
tion
reserves

221
2,868
890
305
1,313
2,122

184,903 20,663
1,333
258,628
3,550
76,498
77, 641 10,723
3,482
5,842 3, 206, 975 411, 522
254 284, 236 11,390
5,405 1, 479,154 88, 277

3,744
2,415
109
17, 724

Ohio
Indiana
Wisconsin
Minnesota

Total
gross
loans

216,446
352,553
101,167
3,686,048
297,978
1, 599,694

801

216,654
353,818
101,323
3, 704,854
303, 591
1,604,235

208
1,265
156
18,806
5,613
4,541

8,900

6,284,475

30,589

6,253,886

8,370 16,287,791 175,626
41
843,921
2,845
999, 726 11,180
42,315
228
950
337, 538
2,577

16,112,165
841,076
988, 546
42,087
334,961

20

14,906
31, 953
12,466
216,846

545
286
1
3,413

14,361
31,667
12,465
213,433

20

276,171

4,245

271, 926

1

__ __

517

206,035
27,203

42,477
3,356

1,320
157

361

250,710
30,716

100
4

250,610
30, 712

Total Pacific States-

517

233,238

45,833

1,477

361

281,426

104

281,322

18,642 25,353,363

227,394

25,125,969

Washington
Oregon

Total United States
(exclusive of possessions)
Virgin Islands of the
United States

54,626 22,486,134 2,451,117

Total United States
and possessions.„

54, 626 22,486,254 2,451,117

7,447

1,716

94,726

238,955

120

74
7,447

1,716

94,726

238,955

194

194

18, 716 25,353,557

227,394

o

25,126,163

i Not reported separately.




O

o
3

W

i

H
W

TABLE NO. 46.—Assets and liabilities of active mutual savings banks, Dec. 31, 1959—Continued
[In thousands of dollars!
Demand deposits
Individuals, partU.S.
nerships, Governand corpoment
rations

Location

Maine
New Hampshire
Vermont- __
> _.
Massachusetts
Rhode Island
OoTmeeti^nt

__ _

46
79
239~
16,691

Total New England States
New York
New Jersey.
Pennsylvania
Delaware _
Maryland

Banks
in
foreign
countries

7
267

States
and
political
subdivisions

_ _

===== =====

395,788
506,608
112,299
5,518,930
470,603
2,383,467

31
5

1,908
14
835
165

41
20
14

1,192

879

9,387,695

36

4,114

954

248
2,004

6,146
56
24

207
10

6,226

224
12

======

95

9

318

1.461

20,712,775
1,289,124
1,999,734
151,865
567,776

2,659

283

318

3,713

24,721,274

3,144

_ _

80

1,353

69
144

25,260
50,262
24.312
311,167

309
4

2,236
386
64

411,001

313

2,686

436

Total Middle Western States
_

_«

3,144

Total United States and possessions

372,125
42,191

45

12
30~
623

41

_ _

Total United States (exclusive of
possessions)
Virgin Islands of the United States

1,353

414,316

45

653

22.092

3,742

1,638

318

5,170

34,934,286
179

349

13,071

1,843

22,092

3,742

1,638

318

5,170

34,934,465

349

13,071

1,843

Includes dividend checks, letters of credit, and travelers' checks sold for cash.




649

7

41

Total Pacific States __

80

Banks
in
United
States

808

2

2,052
151
361

Postal
savings

12
2
5
3
273
513

1
1

962

Certified IndividuU.S.
and
als, partcashiers' nerships, Governchecks, and corpoment
etc.*
rations

1,939

OhioIndiana. _
Wisconsin
Minnesota. -

1

6
6
1
685
22
242

Banks
in
United
States

18,869

_

Total Eastern States

Washington
Oregon

33

States
and
political
subdivisions

Time deposits
Banks
in
foreign
countries

TABLE N O . 47.—Assets and liabilities of active private banksf Dec. 81, 1959
ASSETS
[Dollar figures in thousands]

ber of
banks

Location

Connecticut

Obligations of
discounts, obligations,
States
including direct and and politoverdrafts guaranteed ical subdivisions

U.S. GovNum- Loans and ernment

_

New York
Pennsylvania
Total Eastern States
Georgia

Texas
Total Southern States
Indiana
Iowa
Total Middle Western
States
Total United States
_




Balances
with other

Other

bonds,

Cornotes, porate
and
stocks

deben-

Currency
and
coin

tures

Bank

Real

banks, in- prem- estate
cluding reises
owned
serve bal- o w n e d , other
ances and
furnithan
cash items
bank
ture
in process
and
premof collec- fixtures ises
tion

Investments
Customand other ers' liaassets in- bility on
directly
accept- Other
assets
representances
ing bank
outpremises
standing
or other
real estate
$7

$803

$53

$15

$147

$619

47 022
5,906

$43 530
940

982
235

8 003
52

276
310

74 905
1,240

823
65

7

94,897

52,928

44,470

1,217

8,055

586

76,145

888

11

38
9

5,301
15,805

672
12,639

79
4,073

281
1,586

35
69

656
914

3,872
8,370

211
588

21,106

13,311

4,152

1,867

104

1,570

12,242

799

2,055
6,408

3,755
3,388

333
268

4
7

129
189

925
1,705

5,033

300,833

178
18

11,325
44,090

196

55,415
7,228
12,007

68

5
8

16,603

40
28

47

$3,778
287 604
13,229

$86

90 436
4,461

5 024
9

1
1

$2,048

2
5

26
41

13

8,463

7,143

601

11

126, 514

74,185

49,223

3,148

318
8,174

2,630
91,636

1,840

$11

2

67

2,621

8

$16 603

2

69

Total
assets

79

16,603

19,235

5,238

379,261

to

o

s

TABLE N O . 47.—Assets and liabilities of active private banks, Dec. 81, 1959—Continued

"d

LIABILITIES
[In thousands of dollars]

Location

Demand
deposits




Capital
stock

Surplus

Undivided
profits

Eeserves

___

539

3,270

33

50

425

12,844
6,295

228,335
11,132

6,793
400

19,666

9,717
9

5,000

16,170
1,685

416

1,507
3

19,139

239,467

7,193

19,666

9,726

5,000

17,855

416

1,510

8,704
33,136

Qeorgia
Texas

Total United States.__

Other
liabilities

220,328

Total Eastern States

Total Middle Western States

Acceptances
executed by or
for account of
reporting
banks and
outstanding

215,491
4,837

New York
Pennsylvania

Total Southern States

Bills payable,
rediscounts,
and other
liabilities for
borrowed
money

2,731

OnrmfictioTit

Indiana. «
Iowa

Time
deposits

Total
deposits

776
7,134

9,480
40,270

37

108
35

728
1,298

704
1,786

182
262

86
439

41,840

7,910

49, 750

37

143

2,026

2,490

444

525

5,548
9,785

951
1,472

6,499
11,257

19

75
215

400
226

190
231

45
78

15,333

2,423

17, 756

280,232

30,011

310,243

1

19

7,230

19,666

290

626

421

123

d

9,921

7,366

21,396

1,281

2,158

g
3

TABLE NO. 47.—Assets and liabilities of active private banks, Dec. 81, 1959—Continued

w
fel

[In thousands of dollars]
Loans and discounts
Loans to financial institutions

Heal estate loans
Secured
by
farm
land
(including
improvements)

Secured
by residential
properties
(other
than
farm)

4

Location

502

Connecticut
New York
Pennsylvania
Total Eastern States.
Georgia
Texas

-

Total SouthernStates.

To doSecured mestic
by
comother
merpropercial
ties
and
foreign
banks

Other

Loans for purchasing or carrying securities

Loans to farmers

To
brokers
and
dealers
insecurities

Directly
guaranteed by
the
Commodity
Credit
Corporation

Other

199

5,833
25

5,539

199

5,858

5,539

416

1,054

416

925
287
1,212

1,080
1,090

380
712

10
400

48

2,170

1,092

410

48

50
393

642
395

90
180




443

1,037

1,837

Less
valua- Net loans
tion
reserves

o
672

769

32

2,048

64,781
282

1,411
519

2,735
1,427

90,454
4,475

18
14

90,436
4,461

2,048

6,268

5,539

10,068

1,930

4,162

94,929

32

754
5,182

1,327
5,509

318
679

5,309
15,805

8

5,301
15,805

2,230

5,936

6,836

997

21,114

8

21,106

658
4,066

222
674

385
508

28
22

2,076
6,408

21

2,055
6,408

4,724

896

893

50

8,484

21

8,463

354

7,408

72, 567

10,428

5,241

126,575

61

H
W

94,897

466
1,764

171
199

65,063

1
182
183
1
170

270

4,763

Total
gross
loans

444

10,020

1,054

Total United States.

§

444

9,956
64

244

Total Middle Western States

Other
All
loans to
other
individloans
uals for
(inpersonal cluding
expendi- overtures
drafts)

10

59

244

Indiana,.
Iowa

Other
loans to
farmers
(excluding
loans on
real
estate)

Commercial and
industrial
loans
(including open
market
paper)

126,514

a
d

to

8

to
o

TABLE N O . 47.—Assets and liabilities of active private banks, Dec. 81,

1959—Continued

[In thousands of dollars]
Time deposits

Demand deposits
Location

Connecticut —
New York
Pennsylvania

„
—

- _

._

144,175

-

_

~ -

139,440
4,735

_-.

8,668
29,809

Total Southern States.*
Indiana
Iowa -

States
and
political
subdivisions

Banks
Banks Certified Individuin
in
and
als, partU.S.
United foreign cashiers' nerships, GovernStates countries checks, and corpoment
etc.*
rations
24

2,707

Total Eastern States
Georgia
Texas

Individuals, partU.S.
nerships
Governand corpoment
rations

„.
- »-

Total Middle Western States
Total United States

38,477
4,859
9 375

1

States
and
political
subdivisions

Banks
in
United
States

Banks
in
foreign
countries

8

539

15,094

23,498

37,458
64

5,944
6,295

1,050

5,850

38

15,094

23,498

37,522

12,239

1,050

5,850

255

1
1,967

515

35
590

776
6,208

2

924

255

1,968

515

625

6,984

2

924

8

639
409

42
1

855
1,472

1,050

5,850

1

38

14,234

8

1,048

199,593

264

3,054

43
15,609

i Includes dividend checks, letters of credit, and travelers' checks sold for cash.




Postal
savings

23,498

22,089

96

2,327

38,214

i

96
2

1,020

O

d
w

I
o
4

REPORT OF THE COMPTROLLER OF THE CURRENCY

205

TABLE N O . 48.—Per capita demand and time deposits of individuals,

and corporations in all active banks, Dec. 81, 1959
Population
(approximate)

Location

Deposits oi individuals , partnerships, and corporations (in thousands)

Per capita
Total

Total

Demand

956,000
599,000
374,000
4,997,000
884,000
2,451,000

$969,947
850,841
473,761
9,673,860
1,264,987
4,435,382

$289,816
202,441
116,714
3,435,639
419,768
1,463,447

Total New England
States—

10,261,000

17,668,778

5,927,825 11,740,953

1,721.94

577.71 1,144.23

New York
New Jersey
Pennsylvania
Delaware
___
...
Maryland
District of Columbia.

16,655,000
6,021,000
11,437,000
461,000
3,079,000
849,000

51,879,482
7,477,715
14,027,256
716,780
2,565,796
1,334,386

23,597,087 28,282,395
3,241,479 4,236,236
7,410,589 6,616,667
432,390
284,390
1,346,953 1,218,843
991,780
342,606

3,114.95
1,241.94
1,226.48
1,554.84
833.32
1,571.71

1,416.82 1,698.13
538.36
703.58
647.95
578.53
937.94
616.90
437.46
395.86
403.54
1,168.17

38,502,000

78,001,415

37,020,278 40,981,137

2,025.91

4,053,000
1,973,000
4,580,000
2,440,000
3,880,000
4,905,000
3,221,000
2,208,000
3,209,000
9,647,000
1,748,000
3,153,000
3,532,000

2,628,532
1,063,297
2,155,456
812,445
2,186,871
3,712,488
1,655,726
1,003,740
2,118,078
8,810,710
1,040,734
1,871,752
2,475,579

1,483,381
656,273
1,535,400
643,993
1,503,319
2,559,000
1,096,189
694,681
1,484,842
6,778,453
764,538
1,413,396
1,509,070

1,145,151
407,024
620,056
168,452
683,552
1,153,488
559,537
309,059
633,236
2,032,257
276,196
458,356
966,509

648.54
538.92
470.62
332.97
563.63
756.88
514.04
454.59
660.04
913.31
595.39
593.64
700.90

366.00
332.63
335.24
263.93
387.45
521.71
340.33
314.62
462.71
702.65
437.38
448.27
427.26

48,549,000

31,535,408

22,122,535

9,412,873

649.56

455.68

193.88

9,824,000
4,694,000
10,350,000
8,059,000
4,065,000
3,442,000
2,835,000
4,273,000

9,561,028
3,854,373
13,961,310
7,330,873
3,963,558
3,573,242
2,594,926
4,588,173

5,475,190
2,426,741
9,042,780
3,662,816
2,086,208
1,832,736
1,660,254
3,324,302

4,085,838
1,427,632
4,918,530
3,668,057
1,877,350
1,740,506
934,672
1,263,871

973.23
821.13
1,348.92
909.65
975.04
1,038.13
915.32
1,073.76

557.33
516.99
873. 70
454.50
513.21
532.46
585.63
777.98

415.90
304.14
475.22
455.15
461.83
505.67
329.69
295.78

47,542,000

49,427,483

29,511,027 19,916,456

1,039.66

620.74

418.92

Maine
_
New Hampshire
VermontMassachusetts
Rhode Island
Connecticut

_

Total Eastern States.
Virginia
West Virginia
_
North Carolina
South Carolina
Georgia
.".I
Florida
Alabama...
Mississippi
Louisiana
Texas
Arkansas
Kentucky
Tennessee

-.

Total Southern
States
Ohio
Indiana
Illinois
Michigan
Wisconsin.
Minnesota
Iowa
Missouri...

_.

Total Middle Western States.-




Time

$680,131 $1,014.59
648,400 1,420.44
357,047 1,266.74
6,238,221 1,935.93
845,219 1,430.98
2,971,935 1,809.62

Demand

Time

$303.16 $711.43
337.97 1,082.47
312.07
954.67
687.54 1,248.39
474.85
956.13
597.08 1,212.54

961.52 1,064.39
282.54
206.29
135.38
69.04
176.18
235.17
173. 71
139.97
197.33
210.66
158.01
145.37
273.64

206

REPORT OF THE COMPTROLLER OF THE CURRENCY

TABLE NO. 48.—Per capita demand and time deposits of individuals, _
and corporations in all active banks, Dec. SI, 1959—Continued
Population
(approximate)

Location

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

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

„„

647,000
692,000
1,473,000
2,162,000
696,000
322,000
1,703,000
895,000
2,297,000

Total Western States- 10,887,000

$603,974
620,001
1,262,833
1,676,684
670,090
327,202
1,599,997
530,129
2,028,067

Demand

Per capita

Time

Total

Demand

$371,257
395,831
1,057,566
1,220,579
434,337
212,884
1,075,012
385,521
1,566,009

$232,717
224,170
205,267
456,105
235,753
114,318
524,985
144,608
462,058

$933.50
895.96
857.32
775.52
962.77
1,016.16
939.52
592.32
882.92

$573.81
572.01
717.97
564.56
624.05
661.13
631.25
430.75
681.76

$359.69
323.95
139.35
210.96
338.72
355.03
308.27
161. 57
201.16

Time

9,318,977

6,718,996

2,599,981

855.97

617.16

238.81

2,862,000
1,783,000
14,878,000
673,000
_ __
895,000
285,000
1,267,000
____
192,000
671,000
___ _

2,751,078
1,753,752
20,197,661
544,873
756,580
336,249
974,290
128,704
493,362

1,473,571
934,495
10,627,186
314,377
405,606
185,567
641,047
81,807
278,613

1,277,507
819,257
9,570,475
230,496
350,974
150,682
333,243
46,897
214,749

961.24
983.60
1,357.55
809.62
845.34
1,179.82
768.97
670.33
735.26

514.87
524.12
714.29
467.13
453.19
651.11
505.96
426.08
415.22

446.37
459.48
643.26
342.49
392.15
528.71
263.01
244.25
320.04

Total Pacific States. 23,506,000

27,936,549

14,942,269 12,994,280

1,188.49

635.68

552.81

Total United States
(exclusive of possessions)
179,247,000 213,888,610 116,242,930 97,645,680

Washington
Oregon _ _ _ _
California
Idaho __
Utah
Nevada
Arizona _ _ . _
Alaska.!
Hawaii'"
_

Canal Zone (Panama)
Guam
_
_ _
Puerto Rico
American Samoa
Virgin Islands of the
United States

40,000
50,000
2,352,000
21,000

9,789
13,850
412,447
1,449

8,307
6,331
195,053
391

1,193.26

648.51

544.75

1,482
7,519
217,394
1,058

244.73
277.00
175.36
69.00

207.68
126.62
82.93
18.62

37.05
150.38
92.43
50.38

24,000

16,825

6,568

10,257

701.04

273.67

427.37

2,487,000

454,360

216,650

237,710

182.69

87.11

95.58

Total United States
181,734,000 214,342,970 116,459,580 97,883,390
and possessions

1,179.43

640.82

538.61

Total possessions




TABLE NO. 49.—Officials

of State banking departments and number of each class of active banks in December 1959
State commerciall

S
g

Names of officials

Location

8 Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut

Titles

Carleton L. Bradbury
Harrison S. King
_.
.__..._ Alexander H. Miller
_ Edward A. Counihan III..
Carroll Tilman
_ Henry H. Pierce, Jr.. _

State Bank Commissioner.
_
_
Bank Commissioner _ and InsuranceCommissioner of Banking _ _ _ _ _
Commissioner of Banks
Bank Commissioner
__ do

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

_

Tenrj essee

Logan R. Ritchie
Donald L. Taylor.
Ben R. Roberts
C. V. Pierce
A. P. Persons
RayE. Green
__ John C. Curry
R. D. Morrow, Sr
J. W. Jeansonne
J. M. Falkner
Dick Simpson
Hugh A. Rogers
M. A. Bryan

Total Southern
States.
See footnotes at end of table.




Insured
Total
numNonber
inMembers Nonof
banks Federal members sured
Reserve Federal
System Reserve
System

Private

Insured
NonMembers NoninFederal members sured
Reserve Federal
System Reserve
System

Noninsured

__. Commissioner of Banking..
.do
Commissioner of B a n k s

Chief Bank Examiner
.__ Superintendent of Banks
State Commissioner of Banking
Superintendent of Banks
State Comptroller
State Bank Commissioner
Commissioner, Department of Banking._State Bank Commissioner
Commissioner, Department of Banking...
__ Superintendent of Banks

6
4
1
5
1
8

22
33
6
8
7
13

178
1
58

2

40

127

25

89

247

2

294
115
256
19
95
7

113
53
75
2
11
4

41
38
162
14
76
3

10
3
7
1
1

128
21
7
2
6

1

786

Superintendent of Banks
—
— Commissioner of Banking and Insurance_ Secretary of Banking
State Bank Commissioner
Acting Bank Commissioner

22
1
10

14
19
24
38
3
29

530

Total New England States.
New York
_ G. Russell Clark._
New Jersey
_._ Charles R. Howell
Robert L. Myers, Jr
Pennsylvania
Randolph Hughes
Delaware
John D. Hospelhorn
Maryland.
District of Columbia
Total Eastern
States.

Mutual savings

258

334

22

164

1

179
106
153
120
349
187
168
166
145
522
181
270
222

70
35
4
6
13
11
23
8
11
111
20
20
8

109
69
148
107
292
171
145
156
133
390
156
240
207

2
1
12
5
10
7

2,768

340

2,323

58

58
57
31
251
13
120

6
1

2
1
7
6
5

10

2
5

7

38

Q

47

to
TABLE NO. 49.—Officials

of State banking departments and number of each class of active banks in December 1959—Continued
Mutual savings

State commercial»

Names of officials

Location

Insured
Total
number
Members Nonof
banks Federal members

Titles

Reserve
System

Raymond H. Willett
Joseph McCord

_

do

Superintendent of Banking
Commissioner of Finance

Total Middle
Western States.
North Dakota
South Dakota
Nebraska
Kansas
Montana
Wyoming
Colorado
New Mexico
Oklahoma

-

151
102

214
2 217

1
3

560
309

129
145

425
162

60
30
71
97

392
468
463
433

785

2,774

G. H. Russ, Jr
Gordon H. Maxam
Edwin N. Van Home
J. A. O'Leary
R. E. Towle
Norris E. Hartwell
Frank E. Goldy
F. F. Weddington
Carl B. Sebring

1

2
3

5
10
31

2

1
1

74

3

7

1




Supervisor of Banking
Superintendent of Banks
do
Commissioner of Finance
Bank Commissioner
Superintendent of Banks
do

___

26
17
46
45
14
18
8
26

113
113
248
370
29
14
65
17
159

1,407

Joseph C. McMurray
J. F. M. Slade
William J Murphy
R. U. Spaulding
Seth H. Young
Grant L. Robison
D. 0. Saunders

Noninsured

1

118
139
303
424
75
28
104
25
191

Superintendent of Banks
Director of Banking
State Bank Commissioner
Superintendent of Banks
State Examiner
State Bank Commissioner
Superintendent of Banks

Noninsured

6
2

461
509
573
546

Members NonFederal members
Reserve Federal
System Reserve
System

_

Total Western
States.
Washington
Oregon
California
Idaho
Utah
Nevada
Arizona

368
330

3,656

Conrad F. Becker
Alonzo L. Wilson
— Paul McGettigan
I. C. Rasmussen
Joe H. Gronstal
G. H. Bates

IllinoisMichigan..
Wisconsin
Minnesota
Iowa
•
Missouri

Superintendent of Banks
___
Director, Department of Financial Institutions,
do
Commissioner, State Banking Department.
Commissioner of Banks

Insured
Noninsued

202

1,128

77

66
43
78
22
42
4
6

9
6
23
8
13
2
1

51
34
50
14
26
2
4

2
2
5

38
8
1
21
6

CO

Ohio
Indiana

Federal
Reserve
System

Private

1

1

4

8
12

Alaska
Hawaii

.

A. H. Romick
„
James 0. Davis, Jr

Commissioner of Commerce
Supervising Bank Examiner

6
5

282

Total United States
(exclusive of possessions).

62

192

23

1,687

6,878

279

7

3
1
1

5
3

265

249

68
W

Secretary of the Treasury _

10
1
2

Total possessions.._

9,442

7

13

Total United States
and possessions.
1 Includes stock savings banks.
2 Includes 1 private bank.
* Includes 1 trust company which is a member of the Federal Reserve System.




5
5

9,429

Total Pacific States.

Puerto Rico
American Samoa
Virgin Islands of the
United States.

11
10

1,687

5

6,885

284

O
1
1
3

265

250

68

o

I
I
o
0
12!

9
O
CO

to
I—I

o
TABLE N O . 50.—Assets and liabilities of all active banks, Dec. 81, 1986 to 1959
[Dollarfiguresin thousands]
Other
Loans and U.S. Govbonds,
Number discounts, ernment
of banks including obligations, stocks,
overdrafts direct and
and
guaranteed securities

Cash

Balances
with other
banks *

$1,025, 586 $15, 871, 668
907,871 15,065,962
18, 373, 644
22,197,935
26,846,418
1,196, 539
1,407,364 25, 942,377
1, 545,018 27,371, 581
1,463,836 26, 999, 933
1, 612,252 29,175, 791
1, 801,370 33, 589, 693
2,025,088 32, 995, 748
2,221, 793 36,167,173
2,392,970 37, 490,369
2,145,156 34,490,538
2,185,256 38,892, 739
2,343,064 42, 826,197
2,890,421 42,825,197
2,938, 679 43,301,133
2, 690,476 42,097,116
2, 657,128 45,105,892
2,873,239 46,382,257
3,454,476 46,006,103
3, 532, 901 46, 695,132
3,451,865 47,192,451
3,169, 565
1 Includes reserve balances and cash items in process of collection.
2 Includes capital notes and debentures in banks other than national.
8 Includes reserve accounts.
< Not called for separately. Included with "Balances with other banks."
Backfigures—See reference in heading of table 46, p. 190, in 1953 annual report, to

1936
1937.
1938
1939
1940
1941
1942
1943
1944.
1945
1946.
1947.
1948
1949.
1950.
1951.
1952.
1953
1954
1955
1956
1957.
1958.

15, 704
15,463
15,265
15,096
14,956
14,885
14, 722
14, 621
14, 579
14, 598
14, 633
14, 755
14, 735
14, 705
14, 666
14,636
14, 596
14, 538
14,388
14,265
14,188
14,103
14,034
13,984

$21,613,328 $17,497,059 $10, 700,905
22, 342,879 16, 660,068
21, 535,406 18,002,042 9, 664,255
22, 374, 700 19,447,464 9,348,161
23,967,476 21,028, 798 9, 499, 776
26, 838,365 25, 553,809 9, 035, 537
24, 001,146 46,059, 111 8,312,249
7, 466,862
23, 674, 539 66,259,384
26,101, 639 86,414, 755 7, 596,205
8, 611, 660
30, 466, 867 101,904,073
35,822, 868 87,093, 517 9, 543,221
43,231,136 81, 636,938 10, 760,398
48,452, 743 74,462, 553 11,470, 848
49,828,162 78, 753, 673 12, 682, 551
60, 711,146 73,188,217 14, 816, 545
68,000, 966 71, 595,087 15, 991,176
75,928,803 73,010, 835 17,449,091
80, 920,155 72,872,466 18,452. 644
86,058,272 78,004,064 20, 519,756
100, 575,185 70, 309, 691 20, 754,037
110, 632,011 66, 795,281 20, 556, 588
115, 759, 782 66,066,124 23,051,813
122,287,478 73, 935,092
136,409, 682 65,881, 700 26,130, 673




r<)

Other
assets

$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
2,102,933
2,288, 962
2, 558, 776
2, 677, 998
2,895, 929
3, 348,420
3,486,967
4,144, 714
4, 770, 796
5,120, 701
5, 573, 660

Total assets

Capital 2

$70,110, 711 $3,293,014
68,077, 758 3,223,110
70,833, 599 3,192, 493
77, 575,257 3,125, 524
85, 571,902 3,070, 519
91,453, 694 3,034,361
109, 542, 577 2, 985, 391
128,121, 978 3,011, 600
152,947,184 3,052, 950
178, 351,075 3,187,368
169,406,362 3,299, 469
176,024,102 3, 342, 600
176,075,430 3,423,195
3, 548, 731
180,043,113
192,240, 673 3, 670,249
203, 862, 623 3,840,006
214,830, 603 4,016, 796
221,132, 803 4,173, 707
232, 684, 756 4,428,194
243,105,011
4, 706, 970
251,965,327
5,007, 583
259,187, 519 5, 308,140
277,880,159
5, 568,057
284,357, 731 6,005, 570

Bills payable and Other
redis- liabilities
counts,
etc.

Surplus
and
undivided
profits 3

Total deposits

$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
9,616,859
10,245, 616
10,866,262
11,437,192
12,035, 657
12,936,050
13, 503,336
14,342,869
15,228,280
16,253, 667
16,967, 581

$61,155,014
$57,247
59,109,903
50,816
61, 907, 761 36, 612
68, 566,043
25, 551
76,407,885
25,060
82,233,260
22, 593
100,265, 638
18,638
118,336,126
51,650
142,310,824
125,624
166, 530,093 227,150
156,801,396
48,403
162, 728, 682
74, 614
162,041,389
64,320
165,244,044
27,195
176,120,158
94,607
186, 603, 665 44,008
196,431,356
196,234
201, 978,297
66, 803
212,030,341
32, 915
221,391, 573 174,195
228, 578,958
88,202
234,178,092
97,990
251,331, 512
96, 544
255,496, 780 648,852

o
O

$756,126
744,095
688, 492
729, 399
702, 704
653,273
688, 511
817,620
982,221
1,118, 615
1,223,408
1, 415, 918
1, 606,284
2,110,043
2, 508, 682
2, 749,025
2,878,339
3,257,256
3,328,937
3,947,715
4,375,017
4, 630,379
5,238,948

reports containingfiguressince 1834. (Comparable figures for years prior to 1936 covered June 30 only.)
NOTE.—[Reciprocal interbank demand balances with banks in the United States are
reported net beginning with the year 1942.

a

TABLE NO. 51.—Assets and liabilities of all active national banks, Dec. 31, 1936 to 1959
[Dollarfiguresin thousands]
Other
Loans and U.S. Govbonds,
Number discounts, ernment
of banks including obligations, stocks,
and
overdrafts direct and
guaranteed securities
1936.
1937.
1938_
1939.
1940.
1941.
1942.
1943.
1944.
1945.
1946.
1947.
1948.
1949.
1950.
1951.
1952.
1953.
1954.
1955.
19561957.
1958.
1959.
1
2

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
4,981
4,965
4,946
4,916
4,864
4,796
4,700
4,659
4,627
4,585
4,542

$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
23,928,293
29, 277,480
32,423,777
36,119, 673
37,944,146
39,827,678
43,559,726
48, 248,332
50,502,277
52,796, 224
59,961,989

$8, 685,554 $4,094,490
8,072,882 3,690,122
3,753,234
8,705,959
9,073,935 3,737, 641
9,752,605 3,915,435
12,073,052 3,814,456
23,825,351 3,657,437
34,178,555 3,325,698
43,478,789 3,543, 540
51,467,706 4,143,903
41,843,532 4,799,284
38,825,435 5,184,531
34,980,263 5,248,090
38,270,523 5,937,227
35,691,560 7,331,063
35,156,343 7,887,274
35,936,442 8,355,843
35,588,763 8,621,470
39,506,999 9,425,259
33, 690,806 9,166,524
31,680,085 8,823,307
31,338,076 9,643,633
35,824,760 10,963,464
31,760,970 10,891,885

Cash

$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
1,059,663
1,147,069
1,418,564
1,446,134
1, 292,254
1, 279,171
1,388,250
1, 706,507
1,734,533
1,675,827
1,521,334

Balances
with other
banks *

Other

$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
19,985,295
22,666,366
24,593,594
24,953,269
25, 253,264
24,442,726
24,375,190
25,375,990
25,130,601
25,188,993
25,942,911

$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
1,058,178
1,126,555
1, 259,008
1,321,382
1,416,802
1, 668,736
1, 569,791
1,867,761
2,173,520
2,347,698
2,557,024

Includes reserve balances and cash items in process of collection.
Includes reserve accounts.

Backfigures.—Seereference in heading of table 47, p. 191, in 1953 annual report, to
reports containingfiguressince 1863.




Total

Capital

$31,064,662 $1,598,815
30,104, 230 1,577,831
1,570,622
31,666,177
1,532,903
35,319,257
39,733,962 1, 527, 237
1,515,794
43,538,234
1,503,682
54,780,978
1,531,515
64,531,917
1, 566,905
76,949,859
1, 658,839
90,535,756
84,850, 263 1, 756, 621
88,447,000
1,779,766
88,135,052
1,828,759
90,239,179
1,916,340
97, 240,093 2,001,650
102,738,560
2,105,345
108,132,743
2,224,852
110,116,699
2,301,757
116,150,569
2,485,844
113,750,287
2,472, 624
117, 701,982 2, 638,108
120,522,640
2,806, 213
128,796,966
2,951,279
132, 636,113 3,169,742

Surplus
and
undivided
profits2
$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
4,018,001
4,327,339
4, 564, 773
4, 834,369
5,107,759
5,618,398
5,463,305
5,834,024
6, 287,004
6,717,522
7,132,375

Total
deposits

$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
83,344,318
89,529,632
94,431,561
99,257,776
100,947, 233
106,145,813
104,217,989
107,494, 823
109,436,311
117,086,128
119,637,677

Bills payable and Other
redis- liabilities
counts,
etc.
$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
7,562
76,644
15,484
75,921
14,851
11,098
107,796
18, 654
38,324
43,035
340,362

$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
952,958
1,304,828
1,621,397
1,739,825
1,745,099
1,889,416
1,488,573
1, 716,373
1,954,788
1,999,002
2,355,957

NOTE.—Reciprocal interbank demand balances with banks in the United States are
reported net beginning with the year 1942.

3

1

O
d

to
to
TABLE NO. 52.—Assets and liabilities of all active banks other than national, Dec. 31, 1936 to 1959
[Dollarfiguresin thousands]
Num-

ber of
banks
1936
1937
1938
1939
1940
1941
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959

10,373
10,197
10,035
9,903
9,806
9,762
9,635
9,575
9,548
9,575
9,620
9,744
9,738
9,724
9,701
9,690
9,680
9,674
9, 592
9,565
9,529
9,476
9,449
9,442

Other
Loans and U.S. Govdiscounts, ernment
bonds,
including obligations, stocks,
and
overdrafts direct and
guaranteed securities

Cash

$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
40,483,150
37,496,657
36,438,744
37,074,393
37,283,703
38,497,065
36, 618, 885
35,115,196
34, 728, 048
38,110,332
34,120,730

$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
1,125, 593
1,195,995
1,471,857
1,492, 545
1,398,222
1,377,957
1,484,989
1,747,969
1,798,368
1,776,038
1,648,231

$13,342,118
13, 529,332
13.046,286
13,331,068
13,939,703
15,086, 573
13,800.348
13, 541,007
14,603, 837
16, 518,825
18,513,101
21,750,679
24,634,230
25,899,869
31,433, 666
35, 577,189
39,809,130
42,976,009
46,230, 594
57,015,459
62,383, 679
65,257, 505
69,491,254
76,447,693

1
2

$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
6,745,324
7,485,482
8,103,902
9,093,248
9, 831,174
11,094,497
11, 587, 513
11,733,281
13,408,180
15,426,427
15,238,788

Balances
with other
banks*

$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
14,505,243
16,226,373
18,232, 603
17, 871,928
18,047, 869
17,654,390
20,730,702
21,006,267
20,875, 502
21, 506,139
21,249,540

Includes reserve balances and cash items in process of collection.
Includes reserve accounts.
3 Not called for separately. Included with "Balances with other banks."




Other
assets

$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
1,044,755
1,162,407
1,299,768
1,356, 616
1,479,127
1,679,684
1,917,176
2,276,953
2,597,276
2,773,003
3,016,636

Total
assets

$39,046,049
37,973,528
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
89,803,934
95,000, 580
101,124,063
106,697,860
111, 016,104
116, 534,187
129,354,724
134,263,345
138,664,879
149,083,193
151,721,618

Capital
stock

$1,489,354
1,471,533
1,459,015
1, 450,873
1,420,148
1,410,373
1,382, 507
1,389,943
1, 403,725
1,456, 449
1,475,054
1, 500.807
1, 546,005
1, 583,954
1,621,492
1,695,205
1,745,470
1,828,615
1,896, 592
2,183,182
2,319,177
2,452, 897
2, 559,089
2,779,614

Capital
notes
and

debentures
$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
48,437
47,107
39,456
46,474
43,335
45,758
51,164
50,298
49,030
57,689
56,214

Surplus
and
undivided
profits 2

Total
deposits

$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
5, 598,858
5,918,277
6,301,489
6,602,823
6,927,898
7,317, 652
8,040,031
8, 508, 845
8,941,276
9, 536,145
9,835,206

$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
81,899,726
86, 590, 526
92,172,104
97,173,580
101,031,064
105, 884, 528
117,173, 584
121,084,135
124,741, 781
134,245,384
135,859,103

Bills payable and
redis-

counts,
etc.
$53,752
39,977
31,004
22,669
21,933
18,815
15,122
43,495
71,444
149,181
28,356
29,479
22,990
19, 633
17,963
28,524
120,313
51,952
21, 817
66,399
69, 548
59,666
53,509
308,490

Other
liabilities

2
S
o
•==1

$474,366
435,596
398,549
390,227
387,386
372,119
262,982
280,372
325,743
423,118
488,037
518,223
641,100
653,326
805,215
887,285
1,009,200
1,133,240
1,367, 840
1, 840,364
2,231,342
2,420,229
2,631,377
2,882,991

Backfigures.—Seereference in heading of table 48, p. 192, in 1953 annual report, to
reports containing figures since 1834. (Comparable figures for years prior to 1936
covered June 30 only.)
NOTE.—Reciprocal interbank demand balances with banks in the United States
are reported net beginning with the year 1942.

o
o
o

§

d

I
TABLE NO. 53.—Bank suspensions since inauguration of Federal deposit insurance, years endea Dec. 31 , 1934 to 1959
Capital stock in thousands of dollars) *

Number
Year ended
Dec. 31—

Member banks

Total

__

Member banks

Nonmember banks

All

All

banks

1934
1935
1936
1937
1938
1939
1940
1941
1942
1943
1944
1945
1946
1947
1948
19491950 _
1951
1952
1953
1954
1955
1956
1957
1958
1959

Nonmember banks

Deposits (in thousands of dollars)

National

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

Noninsured

8
22
40
47
47
25
18
3
6
2
1

48
8
3
6
7
10
3
1
3

1

24
1
3
1
1
32

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

Insured

Noninsured

416
633
1,678
2,004
2,052
1,204
1,452
118
272
58
32

3,381
480
195
75
365
285
53
18
55

375

1
2
1
1
1
26

2
2
1
2
1

1
2
3
8

232

1
1
45
109

125

125

120
52
750
45
140
550
303
210
100

120
15

24,057

200
75
280
250
25
3,170

1
2 Includes capital notes and debentures, if any, outstanding at date of suspension.
3 Included 2 private banks without capital.
4 Includes 1 private bank for which capital and deposit figures are not available.
Includes 3 private banks for which capital figures are not available.




banks

36,939
10,101
11,323
16,169
13, 837
34,980
5,944
3,723
1,702
6,300
405

Member banks
National
42
5,399
524
3,825
36
1,323
257
3,141

State

1,708
211
24,629

5,059

Nonmember banks
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

167

1

4
1
3
3
4
3
4
3
3
8
3

banks

All

37
550
25
65
250

35
75
100
4,531

11,021

20
20
18
110
5,335

167

2,443
42
3,113
1,414
44,802
2,880
6,498
11,823
12,869
6,287
2,048

2,443
42
3,113
135
390
1,950

8

235,809

19,478
4,606
6,520
10,451
1,368

1,163

42,551

47,189

1,279
24, 934
930
1,892
4,703
2,787
2,048
91,786

w

600
1,255
2,132
54,283

NOTE.—Figures for banks other than national furnished by Board of Governors
of the 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.

to
f—*•

CO

INDEX
Page

Affiliates of national banks, number reporting as of December 31, 1959___ 36-37
All banks (see also Banks; Mutual savings banks; National banks; Private
banks; State commercial banks):
Assets and liabilities of:
Comparison of, December 31, 1958 and 1959
34-35
December 31, 1959, by classes of banks in each State
164-204
December 31, 1959, summary by classes of banks
162-163
December 31, 1936-59
210
Distribution of, December 31, 1959
1
Per capita demand and time deposits of individuals, partnerships, and
corporations in, December 31, 1959, by States
205-206
Suspensions. (See Suspensions of banks.)
Assets and liabilities of banks:
All banks:
Comparison of, December 31, 1958 and 1959
34-35
December 31, 1959, by States
164-171
December 31, 1959, summary by classes of banks
162-163
December 31, 1936-59
210
National banks:
Call dates in 1959, summary and by States
28-29, 67-120
December 31, 1959, by States
172-179
December 31, 1936-59
211
Principal items of, according to size of banks (deposits), December
31, 1958 and 1959
63
State banks (see also District of Columbia):
All banks combined:
December 31, 1959, summary and by States
162-163, 180-187
December 31, 1936-59
212
Mutual savings: December 31, 1959, summary and by States
162-163,
196-200
Private: December 31, 1959, summary and by States
162-163, 201-204
State commercial: December 31, 1959, summary and by States
162-163,
188-195
Bank currency. (See Federal Reserve notes; National bank circulation.)
Bank examinations. (See Examinations conducted.)
Banks (see also All banks; Assets and liabilities of banks; Mutual savings
banks; National banks; Private banks; State commercial banks):
All banks:
Distribution of, December 31, 1959
1
Insured and uninsured, December 31, 1959
1
Member banks of Federal Reserve System, December 31, 1959-_
1
Number of:
December 31, 1959, by States
164-165
December 31, 1936-59
210
Suspensions. (See Suspensions of banks.)
Insured commercial banks: Number of, December 31, 1959, by classes.
1
215



216

INDEX

Banks—Continued
National banks:
Branches. (See Branches.)
Page
"Calls" for reports of condition of, dates, 1914-59
65
Examination of. (See Examinations conducted.)
Failures. (See Suspensions of banks.)
Number of:
Call dates in 1959
28
Call dates in 1959, by States
67-120
December 31, 1959, by States
172-173
December 31, 1936-59
211
Nonmember banks of Federal Reserve System, December
31, 1959
1
With surplus fund equal to or exceeding common capital
stock 1942-59
64
With surplus fund less than common capital stock 1942-59- _
64
Number of banking units in relation to population at the end of 1959- _ 14-15
Number of banks which have been absorbed since 1950
19
Number of national and State commercial banking units in operation
in United States and possessions at end of 1959
14-15
State and private banks:
Number of:
December 31, 1959, by States
180-181, 188-189, 196, 201
December 31, 1936-59
212
Supervisors of, name and title of in each State, December 31,
1959
207-209
Suspensions. (See Suspensions of banks.)
Uninsured, December 31, 1959
1
Bank suspensions. (See Suspensions of banks.)
Borrowings. (See Assets and liabilities of banks.)
Branches:
National banks:
Domestic:
Number and class of, closed in year 1959
61-62
Number authorized and closed in year 1959, by States
13, 5660, 61-62
Number of branches operated in United States and possessions,
as of December 31, 1959
13
Foreign:
Location and summary of assets and liabilities of, December
31, 1959
149, 150
Number in operation December 31, 1959
150
Limited banking facilities authorized by several States
14^15
Statements relative to
12-15
"Calls" for reports of condition of national banks, dates 1914-59
65
Capital accounts. (See Assets and liabilities of banks; Earnings, expenses,
and dividends of national banks: Ratios.)
Capital stock of banks:
All banks:
December 31, 1959, by States
166-167, 170-171
December 31, 1936-59
210




INDEX

217

Cepital stock of banks—Continued
National banks:
Page
By size of banks (deposits), December 31, 1958 and 1959
63
Call dates in 1959, by States
67-120
Chartered in each State, in year 1959
45-46
December 31, 1959, by States
174-175, 178-179
December 31, 1936-59
211
Incident to consolidations with State and national banks, in year
1959
48, 49-52
Increase during 1959 and since 1950
9, 32-33
Liquidated banks, in year 1959
32-33, 47
Preferred stock:
Retirable value of, on call dates in 1959
29
Total outstanding, December 31, 1959
32-33
State and private banks:
December 31, 1959, by classes of banks and by States
163,
186-187, 194-195, 202
December 31, 1936-59
212
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.)
Closed banks. (See Consolidations and mergers of banks; Liquidation of
national banks; Suspensions of banks.)
Commercial banks. (See National banks; Private banks; State commercial
banks.)
Comptroller of the Currency, Office of:
Comptrollers, names of, since organization of the Bureau and periods
of service
43
Deputy Comptrollers, names of, since organization of the Bureau and
periods of service
43
Examinations conducted
24r-25
Expenses of, in year 1959
27
Issue and redemption of notes
37
Legislation enacted providing for appointment of fourth Deputy
Comptroller
22
Organization and staff
25-27
Personnel
25-27
Condition of banks. (See Assets and liabilities of banks.)
Consolidations and mergers of banks:
Number and total resources, National and State-wise, 1950-59
19
Under act November 7, 1918, as amended:
Consolidations under sections 1, 2, and 3:
List of, in year 1959
49-52
Number of in each State
44-45
Mergers under sections 4 and 5:
List of, in year 1959
53-55
Number of in each State
44-45
Statements relative to
17-19, 32-33
Under Public Law 706, August 17, 1950:
List of, in year 1959
48
Number of in each State
44-45
Statements relative to
17-19, 32-33



218

INDEX

Conversions of banks:
Page
Number and total resources, National and State-wise, 1950-59
19
Under Public Law 706, August 17, 1950:
List of, in year 1959
49
Number of in each State
44-45
Statements relative to
17-19, 32-33
Demand deposits. (See Deposits.)
Deposits (see also Assets and liabilities of banks):
All active banks, December 31, 1936-59
210
Demand and time in all active banks, by classes in each State, December 31, 1959
170-171, 178-179, 194-195, 200, 204
Interest rate paid on time and savings, by national banks, years
1955-59
3
Per capita demand and time of individuals, partnerships, and corporations in all active banks, December 31, 1959, by States
205-206
Postal savings:
In all banks, December 31, 1959, by States
170-171
In each class of banks, December 31, 1959, by States.- 178-179, 194-195
In national banks, call dates in 1959, by States
67-120
Size of national banks, according to, December 31, 1958 and 1959
63
Suspended banks. (See Suspensions of banks.)
United States Government:
In all banks, December 31, 1959, by States
170-171
In each class of banks, December 31, 1959, by States
178179, 194-195, 200, 204
In national banks, call dates in 1959, by States
67-120
District of Columbia:
Assets and liabilities of all banks in, by classes:
Call dates in 1959
77, 153, 154
December 31, 1959
151-152
Earnings, expenses, and dividends of banks in:
Losses charged off on loans and securities:
Years 1940-59
158-159, 160-161
Years 1958 and 1959, by classes of banks
155-156
Ratios:
Years 1940-59
158-159, 160-161
Years 1958 and 1959, by classes of banks
156
Years 1958 and 1959, by classes of banks
155-156
Fiduciary activities of banks in, December 31, 1959
161
Reports required from banking associations in, year 1959
36
Dividends. (See Earnings, expenses, and dividends of national banks.)
Earnings, expenses, and dividends of national banks:
According to size of banks (deposits), year 1959
142-144
By Federal Reserve districts, year 1959
138-141
By States, year 1959
130-137
Losses charged off on loans and securities:
Years 1940-59
148
Year 1959, according to size of banks (deposits)
143-144
Ratios:
Dividends to capital stock and capital funds, years 1930-59
147
Net profits before dividends to capital stock and capital funds,
years 1930-59
147



INDEX

219

Earnings, expenses, and dividends of national banks—Continued
Ratios—Continued
Net earnings from current operations and net profits before Page
dividends per $100 of deposits, year 1959
144
Net earnings from current operations, net profits before dividends,
and cash dividends per $100 of capital funds, year 1959
144
Salaries and wages of officers and employees:
By size of banks (deposits), year 1959
142
Years 1957-59
145
Summary, years 1957-59
145-146
Trend in, since 1955
11
Employees. (See Comptroller of the Currency, Office of; Officers and employees of national banks.)
Examinations conducted: Number in year 1959
24-25
Examiners and assistant examiners: Changes in number, in year 1959
25
Expenses. (See Comptroller of the Currency, Office of; Earnings, expenses, and dividends of national banks.)
Failures of banks. (See Suspensions of banks.)
Federal Deposit Insurance Corporation (see also Suspensions of banks):
Classification of insured and uninsured banks, December 31, 1959
1
Federal Reserve notes: Issue and redemption of, in year 1959
37
Fiduciary activities of national banks:
By Federal Reserve districts, December 31, 1959
123
Classification of investments under administration segregated according to capital of banks, December 31, 1959
124
Comparative figures of activities, 1951-59
127
December 31, 1959, by States
124-127
December 31, 1959, segregated according to capital groups
121-122
National banks administering employee benefit trusts and agencies
during 1959, by Federal Reserve districts and by States
128-129
Statement relative to
19-20
Foreign branches of national banks, location, and summary of assets
and liabilities of, December 31, 1959
149,150
Government bonds. (See Investments; United States Government securities.)
Holding company affiliates of national banks: Number of, December 31,
1959
36-37
Insolvent banks. (See Suspensions of banks.)
Insured banks. (See Suspensions 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, 1959, by States
164r-165
December 31,1959, by classes of banks
162
December 31, 1936-59
210
National banks:
By size of banks (deposits), December 31, 1958 and 1959
63
Call dates in 1959, summary and by States
28, 67-120
December 31, 1959, by States
172-173
December 31, 1936-59
211



220

INDEX

Investments of banks—Continued
National banks—Continued
Losses charged off on:
According to size of banks (deposits), year 1959
Year 1959, by States and Federal Reserve districts

Page
143-144
134-135,
139-140
Years 1940-59
148
Summary classification by maturities in 1959
8
State and private banks: December 31, 1959, by classes of banks
and by States
162, 180-181, 188-189, 196, 201
Legislation enacted:
Public Law 86-114, approved July 28, 1959, relating to reserves
required to be maintained by member banks of the Federal Reserve System, and by holding company affiliates
22
Public Law 86-137, approved August 6, 1959, to permit national
banks to deal in or underwrite bonds, notes, and other obligations
issued by Tennessee Valley Authority
22
Public Law 86-147, approved August 7, 1959, to permit national banks
to deal in or underwrite obligations issued by the Inter-American
Development Bank
22
Public Law 86-230, approved September 8, 1959, repealed various
obsolete provisions of the National banking laws; amended other
provisions; and, added new authority relating to several requirements of national banks
22
Public Law 86-251, approved September 9, 1959, authorized the
appointment of an additional Deputy Comptroller; increased the
amount of the bonds required of the Comptroller and Deputy
Comptrollers; enlarged the borrowing authority of national banks
from sources other than the Federal Reserve banks; and, provided
a number of changes in the lending authority of national banks
22
Public Law 86-372, approved September 23, 1959, provided for the
exclusion of loans secured by mortgages insured under Section
203 of the National Housing Act in determining the amount of
real estate loans which a national bank may make in relation to
its capital and surplus or its time and savings deposits. Also,
amended R.S. 5136 relating to obligations secured by an agreement between a local public agency as defined in the National
Housing Act of 1949 and the Housing and Home Finance Administrator
24
Liabilities. (See Assets and liabilities of banks.)
Liquidation of national banks (see also Suspensions of banks):
Capital, date, and title of banks, in year 1959, with names of succeeding banks in cases of succession
47
Number of banks, in each State, since beginning of system
44r-45
Summary, in year 1959
32-33
Litigation involving Comptroller of Currency, pertaining to national
banks
20-21
Loans and discounts of banks:
All banks:
December 31, 1959, classification of, by States
168-169
December 31, 1959, classification of, by classes of banks
162
December 31, 1936-59
210
Consumer debt, comments relative to
4r-5



INDEX

221

Loans and discounts of banks—Continued
National banks:
Page
By size of banks (deposits), December 31, 1958 and 1959
63
Call dates in 1959, summary and by States
28, 67-120
December 31, 1959, classification of, by States
176-177
December 31, 1936-59
211
Interest and discount earned on:
According to size of banks (deposits), year 1959__
142
Year 1959, by States and Federal Reserve districts. __ 130-131, 138
Years 1957-59
145
Losses charged off on:
According to size of banks (deposits), year 1959
143-144
Year 1959, by States and Federal Reserve districts
134-135,
139-140
Years 1940-59
148
Real estate loans of:
December 31, 1959, by States
176-177
Statement relative to
3
Reserve for bad debt losses on
12
State and private banks: December 31, 1959, classification of, by
States
184-185, 192-193, 198, 203
Losses. (See Earnings, expenses, and dividends of national banks.)
Mergers. (See Consolidations and mergers of banks.)
Municipal bonds. (See Investments of banks.)
Mutual savings banks:
Assets and liabilities of: December 31, 1959, by States
196-200
Insured, December 31, 1959
1, 207-209
Uninsured, December 31, 1959
1,207-209
National bank circulation: Outstanding, December 31, 1959
34
National bank examiners. (See Examiners and assistant examiners.)
National banks:
Affiliates of, number, December 31, 1959
36-37
Assets and liabilities of:
Call dates in 1959, by States
67-120
December 31, 1959, by States
172-179
Principal items of, according to size of banks (deposits), December
31, 1958 and 1959
63
Principal items of, December 31, 1936-59
211
Branches. (See Branches.)
By size of banks, on basis of deposits, December 31, 1958 and 1959_.
63
"Calls" for reports of condition of, dates, 1914-59
65
Capital stock. (See Capital stock of banks.)
Charters granted in year 1959
45-46
Consolidations. (See Consolidations and mergers of banks.)
Conversions to State banks, in year 1959, list of
49
Deposits. (See Deposits.)
Dividends. (See Earnings, expenses, and dividends of national banks.)
Earnings and expenses. (See Earnings, expenses, and dividends of
national banks.)
Failures of. (See Suspensions of banks.)
Fiduciary activities. (See Fiduciary activities of national banks;
District of Columbia.)



222

INDEX

National banks—Continued
Page
Holding company affiliates of, number, December 31, 1959
36-37
Insolvent. (See Suspensions of banks.)
Investments. (See Investments of banks.)
Legislation enacted affecting. (See Legislation enacted.)
Liqudation of, in year 1959
32-33,47
Loans and discounts. (See Loans and discounts of banks.)
Number of:
Call dates in year 1959, by States
67-120
Chartered and closed: Since February 25, 1863
4^-45
December 31, 1936-59
211
In existence December 31, 1959, by States
44r-45
With surplus fund equal to or exceeding common capital stock
1942-59
64
With surplus fund less than common capital stock 1942-59
64
Officers and employees, number and salaries of:
By size of banks (deposits), year 1959
142, 144
Year 1959, by States and Federal Reserve districts
132-133, 138
Years 1957-59
145
Purchases by other national banks, 1959
18
Purchases by State banks, 1959
18
Reports required from in year 1959
36
State banks purchased by, in year 1959, list of
49
Status of
1-12
Trust functions. (See Fiduciary activities of national banks.)
United States Government securities owned by. (See United States
Government securities.)
Officers and employees of national banks:
Number and salaries of:
By size of banks (deposits), year 1959
142, 144
Year 1959, by States and Federal Reserve districts
132-133, 138
Years 1957-59
145
Organization of national banks:
Charters granted, in year 1959, list of, by States
45-46
Charters granted which were conversions of State banks, in year 1959- _ 18, 47
Charters granted which were conversions of State banks, 1950-59____
19
Number of, by States, from February 25, 1863, to December 31,1959- _ 44-45
Summary, in year 1959
15-17, 32-33
Per capita demand and time deposits of individuals, partnerships, and
corporations, in all active banks: December 31, 1959, by States
205-206
Personnel. (See Comptroller of the Currency, Office of.)
Population, United States, December 31, 1959, by States-.
164-165
Possessions:
Assets and liabilities of banks in:
All banks, December 31, 1959
164-171
Banks other than national, December 31, 1959
180-187
National banks, call dates in 1959
116
National banks, December 31, 1959
172-179
Earnings, expenses, and dividends of national banks in, year 1959
130-137
Per capita demand and time deposits of individuals, partnerships,
and corporatious, of all banks in, December 31, 1959
206
Postal savings. (See Deposits.)



INDEX

223

Private banks:
Page
Assets and liabilities of: December 31, 1959, by States
201-204
Suspensions. (See Suspensions 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.)
Reports from national banks in year 1959
.
36
Reserves for bad debt losses on loans: Maintained by national banks
December 31, 1959
12
Reserve with Federal Reserve banks. (See Assets and liabilities of banks.)
Salaries and wages of officers and employees of national banks. (See
Earnings, expenses, and dividends of national banks.)
Savings banks. (See Mutual savings banks.)
Securities. (See Investments of banks; United States Government
securities.)
State bank suspensions. (See Suspensions of banks.)
State banking officials: Name and title of, in each State, December 31,
1959
207-209
State banks purchased by national banks during the year 1959, list of
49
State commercial banks:
Assets and liabilities of, December 31, 1959, by States
188-195
Insured, December 31, 1959
1,207-209
Member banks of Federal Reserve System, December 31, 1959-. 1, 207-209
Nonmember banks of the Federal Reserve System, December 31,
1959
1, 207-209
Suspensions. (See Suspensions of banks.)
Uninsured, December 31, 1959
1,207-209
Stock savings banks. (See State commercial banks.)
Supervisors of State banks, name and title of, in each State, December 31,
1959
207-209
Suspensions of banks:
All banks:
Number, capital, and deposits of suspended banks: Since inauguration of Federal deposit insurance, years 1934-59
213
National banks:
Number, capital, and deposits of: Since inauguration of Federal
deposit insurance, years 1934-59
213
Number of, by States, since beginning of system
44-45
State banks:
Number, capital, and deposits of: Since inauguration of Federal
deposit insurance, years 1934-59
213
Taxes. (See Earnings, expenses, and dividends of national banks.)
Time deposits. (See Deposits.)
Titles of national banks. (See Consolidations and mergers of banks; Organization of national banks.)
Trends in banking
30
Trust companies. (See State commercial banks.)
Trust powers of national banks. (See Fiduciary activities of national
banks.)
United States Government deposits. (See Deposits.)




224

INDEX

United States Government securities:
All banks:
December 31, 1959, by States
] 64-165
December 31, 1959, by classes of banks
162
December 31, 1936-59
210
National banks:
By size of banks (deposits), December 31, 1958 and 1959
63
Call dates in 1959, by States
67-120
December 31, 1959, by States
172-173
December 31, 1936-59
211
State and private banks:
December 31, 1959, by States
180-181, 188-189, 196, 201
December 31, 1936-59
212
Voluntary liquidation of national banks. (See Liquidation of national
banks.)




U.S. 60VERNMENT I

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